Nuveen Quality Municipal Income Fund

NAD

Market cap $2.76B

Overview Fund Trends Analyst Outlook

11.83 USD

+0.09

0.77%

At close Updated Oct 10, 4:00 PM EDT

Pre-market

After hours

11.74

--0.09

0.76%

1 day

0.77%

5 days

1.72%

1 month

0%

3 months

3.95%

6 months

9.74%

Year to date

0.08%

1 year

-3.66%

5 years

-18.92%

10 years

-14.46%

About: Nuveen Quality Municipal Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide current income exempted from regular federal income tax by investing in tax-exempt municipal securities that the Fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.

Financials Asset Management

0

Funds holding %

of 7,491 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

5% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 81

3.46% less ownership

Funds ownership: 27.29% [Q1] → 23.83% (-3.5%) [Q2]

4% less funds holding

Funds holding: 281 [Q1] → 271 (-10) [Q2]

15% less capital invested

Capital invested by funds: $737M [Q1] → $628M (-$109M) [Q2]

16% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 31

20% less funds holding in top 10

Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]

Explore NAD Fund Trends

Financial journalist opinion

CEFs Are Becoming Less Appealing For Income Investors

The investment case for closed-end funds (CEFs) is weak now due to tight discounts, high leverage costs, and expensive underlying assets. Most CEFs do not deliver sustainable alpha, and lower-fee actively managed ETFs now offer similar exposures with better economics. We have reduced our CEF allocation, favoring alternatives like BDCs, select ETFs, preferreds, and bonds for better value and risk/reward.

CEFs Are Becoming Less Appealing For Income Investors

NAD: Municipal CEF Suppressed By Higher Interest Rates

NAD offers a high 8% tax-exempt yield, but its share price and NAV have struggled, amid high interest rates and aggressive leverage. The fund's discount to NAV is historically narrow, making current accumulation less attractive compared to its long-term average. Dividend sustainability is questionable, due to inconsistent earnings and reliance on realized gains, raising the risk of a near-term dividend cut.

NAD: Municipal CEF Suppressed By Higher Interest Rates

Unleveraged Options In The Tax-Exempt Sector

Fund-level leverage is only attractive when carry or capital gains potential is high; current tight spreads and an inverted yield curve make it less appealing. For tax-exempt CEFs, higher yields often come from longer duration, not leverage; unleveraged long-duration funds or ETFs can offer similar or better yields. Investors should not assume more leverage is always better; careful, situation-specific exposure to fund-level leverage is key to balancing risk and return.

Unleveraged Options In The Tax-Exempt Sector

A $7-Trillion Cash Wave Is About To Flood Dividend Stocks

Stocks—especially dividend stocks—have every reason to shoot higher from here. In fact, they have 7 trillion reasons.

A $7-Trillion Cash Wave Is About To Flood Dividend Stocks

24/7 Wall Street

Need Almost $1100 per Month in Tax-Free Income? Invest in 8 Municipal Bond ETFs

One of the only downsides to passive income from stocks and bonds is that the revenue generated from those investments is subject to federal and state income tax.

Need Almost $1100 per Month in Tax-Free Income? Invest in 8 Municipal Bond ETFs

NAD: A Proxy For Investment Grade Corporate Exposure

The credit cycle is arguably deteriorating. Thus, we see investors moving out of corporate credit and into Municipal bonds with hybrid general obligation and revenue exposure. Nuveen Quality Muni Income Fund seems like a prime candidate given its GO and revenue exposure. Moreover, it embodies the excess TEY-treasury spreads on offer. Some might oppose its leveraged strategy due to the effect on its expense ratio and the risks leverage adds in down markets. However, we see lower funding costs emerging.

NAD: A Proxy For Investment Grade Corporate Exposure

NAD: I See This Fund Pushing Higher Along With The Municipal Sector

Evaluating Nuveen Quality Muni Income Fund as an investment due to its current market price and high yield above 8%. NAD's recent price weakness in 2025 appears overdone, presenting a potential buying opportunity. The fund aims to provide income exempt from federal tax and enhance portfolio value.

NAD: I See This Fund Pushing Higher Along With The Municipal Sector

Forget Growth: 5 Big Safe Yields Worth Considering

The stock market has been ugly (particularly growth stocks), and it could get much worse. Thankfully, however, there is another way. Income investing focuses on big, steady dividend and interest payments, thereby allowing investors to worry far less about price volatility (as long as those big income payments keep coming in). This report shares 5 big safe yield strategies (including a variety of top income ideas), and then concludes with an important takeaway about succeeding in this market.

Forget Growth: 5 Big Safe Yields Worth Considering

24/7 Wall Street

Want Over $1000 per Month in Tax-Free Income? Buy These 8 Municipal Bond ETFs

One of the only downsides to passive income from stocks and bonds is that the revenue generated from those investments is subject to federal and state income tax.

Want Over $1000 per Month in Tax-Free Income? Buy These 8 Municipal Bond ETFs

This Tax-Free 7.8% Dividend Could Soar In 2025

If you were taking a break from your family on Christmas Day, you may have caught my article on how Jay Powell's recent “hawkish cut” is set to light a fire under high-yielding (and tax-free!) municipal bonds.

This Tax-Free 7.8% Dividend Could Soar In 2025

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