Investing

Nuveen California Quality Municipal Income Fund : NAC

NAC

Stock Data

$12.16

$0.02 (0.16%)

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Nuveen California Quality Municipal Income Fund is a closed-ended mutual fund focusing on fixed income investments within California. Managed by Nuveen Investments, it aims to provide tax-exempt income by investing in undervalued municipal securities rated Baa or better. With a strategy that emphasizes fundamental analysis and a bottom-up approach, the fund targets investments with an average maturity of around 21 years, comparing its performance against key municipal bond indexes. Established in 1998, it offers a financial avenue for investors seeking income exempt from federal and California taxes.