Nuveen Virginia Quality Municipal Income Fund (NYSE: NPV) is a diversified, closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from federal and Virginia state income tax. Launched in 2007, the fund is managed by Nuveen, a leading global investment manager and subsidiary of TIAA. Nuveen draws on more than a century of fixed-income expertise and rigorous credit research to identify municipal securities that fit the fund’s quality and tax-exempt income objectives.
The fund’s primary business activity is investing in investment-grade municipal obligations issued by the Commonwealth of Virginia and its political subdivisions, agencies, utilities, and authorities. Portfolio holdings typically include general obligation bonds, revenue bonds, and other tax-secured debt instruments. By targeting issuers with strong credit profiles, stable revenue streams, and prudent fiscal management, the fund aims to balance income potential with capital preservation for investors seeking state tax-exempt income.
Geographically, the fund focuses on a broad array of Virginia issuers, ranging from major metropolitan transit authorities to small municipal utilities and school districts across the commonwealth. This regional emphasis allows the fund to capitalize on local revenue sources—such as transportation tolls, utility fees, and property taxes—while diversifying risk across multiple issuers and sectors. The fund’s strategy also includes periodic portfolio rebalancing and duration management to adapt to changing interest rate conditions and the evolving municipal credit landscape.
Leadership and governance of the fund rest with Nuveen’s municipal bond team, led by senior portfolio managers who oversee security selection, credit analysis, and portfolio construction. Supported by Nuveen’s in-house credit research analysts, the team leverages proprietary models and longstanding relationships with state and local officials to monitor covenant structures, project viability, and fiscal trends. Through this disciplined approach, Nuveen Virginia Quality Municipal Income Fund offers investors professional stewardship of municipal assets, underpinned by the resources and stability of one of the industry’s most established fixed-income franchises.
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