Stock fact sheet · data as of
Nuveen Quality Municipal Income Fund (NAD): fair value, margin of safety and Wheel Score
Ticker symbol NAD · Financial Services · Asset Management - Income · United States · Fund / Note
Is NAD undervalued?
Nuveen Quality Municipal Income Fund (NAD) closed at 10.87 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 15.40, so the price sits 29% below it. 6 of the 9 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
There is a wide gap between DCF (2.20) and Graham Growth (45.04). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
NAD looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for NAD
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 2.20 | -80% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 14.55 | +34% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 45.04 | +314% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 19.68 | +81% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 12.81 | +18% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 9.91 | -9% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 13.21 | +22% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 12.45 | +15% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 8.75 | -20% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -8.77 | -181% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 10.50 | -3% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Nuveen Quality Municipal Income Fund scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. There is no GLS Moat score for NAD: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are thin or negative - ROIC 1.3%, ROE 2.3%, ROA 1.3% - with debt at 0.71 times equity and a free-cash-flow yield of 4.6%.
The dividend yield is high at 7.78% (payout ratio 110%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 3/10, insider activity 2/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 14 Oct 2026.
| Piotroski F-score | 6 / 9 | ROIC | 1.3% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 2.3% |
| Debt / equity | 0.71 | ROA | 1.3% |
| Free-cash-flow yield | 4.6% | Payout ratio | 110% |
| Institutions | 3 / 10 | Insiders · Congress | 2 · 5 / 10 |
Wheel Score 28: No options
No options are listed on Nuveen Quality Municipal Income Fund in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 28, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 974k shares a day on a market cap of $2.5B, with a beta of 0.66 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 29% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.66, $2.5B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for NAD in the nightly calendar. The shares go ex-dividend on 13 Nov 2026 (0.0705 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management - Income
The 12 companies below are the closest to Nuveen Quality Municipal Income Fund by market cap within the Asset Management - Income industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| JPC Nuveen Preferred & Income Opportunities Fund | 7.08 | 14.88 | +52% | 28No options | $2.7B |
| PTY PIMCO Corporate & Income Opportunity Fund | 11.17 | 12.86 | +13% | 17No options | $2.4B |
| NZF Nuveen Municipal Credit Income Fund | 11.44 | 26.09 | +56% | 27No options | $2.2B |
| ETY Eaton Vance Tax-Managed Diversified Equity Income Fund | 13.87 | 51.35 | +73% | 24No options | $2.2B |
| PRTAX T. Rowe Price Tax-Free Income Fd | 9.12 | 1.26 | -625% | 14No options | $2.1B |
| TFILX T. Rowe Price Tax Free Income Fund I Class | 9.12 | 4.59 | -99% | 14No options | $2.1B |
| NEA Nuveen AMT-Free Quality Municipal Income Fund | 10.46 | 18.92 | +45% | 26No options | $3.2B |
| FRFZX PGIM Floating Rate Income Fund- Class Z | 8.86 | 4.54 | -95% | 13No options | $2.0B |
| NMZ Nuveen Municipal High Income Opportunity Fund | 8.93 | 11.20 | +20% | 21No options | $1.9B |
| ETG Eaton Vance Tax-Advantaged Global Dividend Income Fund | 23.28 | 82.98 | +72% | 26No options | $1.8B |
| CBHAX Victory Market Neutral Income Fund - Class A | 9.30 | 4.56 | -104% | 11No options | $3.7B |
| FBFWX American Funds Retirement Income Portfolio - Moderate Class F-1 | 14.29 | 529.72 | +97% | 26No options | $1.7B |
⚖ Compare NAD with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about NAD
Is NAD undervalued right now?
By the GLS models, moderately: at 10.87 the stock trades 29% below the average fair value of 15.40 (data as of 5 Nov 2026).
What is the Wheel Score of NAD and what does it mean?
NAD has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for NAD?
15.40 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Nuveen Quality Municipal Income Fund report earnings next?
No upcoming earnings date is recorded for NAD in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does NAD have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on NAD, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.