A unitarily invariant complete Nevanlinna–Pick (CNP) kernel on the Euclidean ball gives rise to a natural class of operator tuples on Hilbert spaces, known as -contractions. We establish a lower estimate for the Taylor joint spectrum of -contractions with finite defect in terms of the associated characteristic function. Under the additional assumption that satisfies the Corona property, this lower estimate coincides with an upper estimate due to Clouâtre–Timko [Adv. Math., 2023], yielding an exact characterization of the Taylor joint spectrum in terms of the characteristic function. As an application, we determine the Taylor joint spectrum of quotient modules of CNP spaces. A key ingredient in the proof is a Beurling–Lax–Halmos theorem for these spaces, established in terms of characteristic functions.

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