Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund (NAC) is a closed-end fixed income mutual fund launched by Nuveen Investments, Inc. The fund primarily invests in undervalued municipal securities and related investments that are exempt from regular federal and California income taxes. It focuses on securities rated Baa or BBB or better by Moody's or S&P, with an average maturity of about 20.96 years. The fund employs fundamental analysis with a bottom-up approach to build its portfolio, aiming to provide tax-exempt income to California investors. It benchmarks its performance against the S&P California Municipal Bond Index and the S&P National Municipal Bond Index.

Nuveen California Quality Municipal Income Fund (NAC) is listed on the New York Stock Exchange (NYSE) and trades in US Dollars (USD). As a closed-end fund, its shares are bought and sold on the exchange like stocks, and the market price may differ from the net asset value (NAV). The fund's primary focus is on California municipal bonds, which are issued in US dollars, making USD the natural currency for its operations and distributions.

Nuveen California Quality Municipal Income Fund (NAC) operates in the Financial Services sector, specifically within the Asset Management industry. As an asset management company, it manages a portfolio of municipal securities on behalf of its shareholders. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, both subsidiaries of Nuveen Investments. Its primary business is to generate tax-exempt income for investors by investing in high-quality California municipal bonds, making it a specialized player in the fixed-income asset management space.

Nuveen California Quality Municipal Income Fund (NAC) is domiciled in the United States and focuses exclusively on the fixed income markets of California. The fund invests in municipal securities and related investments that are exempt from regular federal and California income taxes, making it particularly attractive to California residents seeking tax-advantaged income. Its portfolio consists primarily of bonds issued by California state and local governments, agencies, and authorities. The fund was formed on December 1, 1998, and is part of Nuveen's suite of municipal bond funds tailored to specific state tax exemptions.

Nuveen California Quality Municipal Income Fund (NAC) generates returns primarily through interest income from its portfolio of municipal securities. The fund invests in undervalued bonds rated Baa/BBB or higher, which provide regular interest payments that are exempt from federal and California state income taxes. Additionally, the fund may realize capital gains by selling bonds at a profit. The portfolio has an average maturity of 20.96 years, indicating a focus on longer-term bonds that typically offer higher yields. The fund is actively managed using fundamental analysis and a bottom-up approach to select securities that offer attractive risk-adjusted returns relative to the S&P California and National Municipal Bond Indices.