NAN Profile
Nuveen New York Quality Municipal Income Fund, a closed-ended fixed income mutual fund, was launched by Nuveen Investments, Inc. and is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund targets the fixed income markets in New York, focusing on municipal bonds with a credit rating of Baa or higher. This strategic investment in high-quality municipal bonds aims to provide stable and tax-exempt income to its investors.
Employing a fundamental analysis strategy, the fund uses a bottom-up stock-picking approach to construct its portfolio. This method focuses on identifying undervalued opportunities within the municipal bond market, ensuring a robust and diversified portfolio. The fund's performance is benchmarked against the Standard & Poor's New York Municipal Bond Index and the Standard & Poor's National Municipal Bond Index, providing a comparative framework to gauge its returns and effectiveness.
Originally known as the Nuveen New York Dividend Advantage Municipal Fund, the fund's rebranding to Nuveen New York Quality Municipal Income Fund reflects its commitment to high-quality investments. This name change underscores its strategic focus on delivering superior income solutions through prudent asset selection and portfolio management, aligning with investor needs for reliable and tax-efficient income streams.
Formed on May 26, 1999, and domiciled in the United States, Nuveen New York Quality Municipal Income Fund leverages the extensive expertise of its co-managers to navigate the complexities of the municipal bond market. With a long-standing history and a focus on delivering high-quality, tax-advantaged income, the fund remains a prominent choice for investors seeking stability and consistent returns in the fixed income space.
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