Nuveen Arizona Quality Municipal Income Fund Overview
Pro stress-test →Nuveen Arizona Quality Municipal Income Fund is a closed-end fixed income mutual fund with a primary objective of providing current income exempt from both regular federal income taxes and Arizona individual income taxes. The fund invests in municipal securities and other related investments in Arizona that are rated Baa or BBB or better with an average maturity of 18.66 years.
Strategic Profile
Pro stress-test →The fund has consistently raised its dividend over recent years, supported by solid credit fundamentals and steady demand for municipal debt. The fund has demonstrated consistent ability to raise its dividend payment, averaging a 7.4% annual increase over the past three years, with current yield at 7.53%.
Competitive Landscape
Pro stress-test →The fund benchmarks its portfolio performance against the Standard & Poor's Arizona Municipal Bond Index and S&P National Municipal Bond Index. NAZ competes with other state and national municipal bond funds in the closed-end fund space for tax-exempt income-seeking investors.
Industry Context
Nuveen Arizona Quality Municipal Income Fund operates in Asset Management / Closed-End Municipal Income Funds.
Key facts
Founded: 1992 · Headquarters: Chicago, US