Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a diversified, closed-end management investment company that seeks to provide investors with a reliable stream of federally tax-exempt income. The fund primarily invests in investment-grade municipal securities issued by or on behalf of state and local governmental entities in Arizona. By focusing on high-quality debt obligations, the fund aims to deliver attractive after-tax returns for investors in higher federal income tax brackets, while also offering the potential for capital preservation.
The fund’s portfolio includes general obligation bonds, revenue bonds, and other tax-exempt municipal securities issued by Arizona municipalities, counties, school districts and specialized public authorities. It seeks to achieve its objectives through a combination of current income and prudent credit selection, emphasizing issuers with strong financial profiles, stable revenue streams and diversified economic bases. The fund may also employ leverage to enhance income potential, subject to regulatory guidelines and board authorization.
Nuveen Arizona Quality Municipal Income Fund leverages the investment expertise and resources of Nuveen, a leading provider of municipal bond management with decades of experience in the tax-exempt market. The fund’s sub-advisory and management teams employ rigorous credit research and active portfolio management strategies, monitoring macroeconomic trends, interest rate movements and individual issuer fundamentals. Sector and maturity allocations are regularly reviewed to balance yield opportunities with risk considerations.
Since its inception, NAZ has been overseen by a board of directors that includes independent members and specialists in municipal finance. Day-to-day portfolio management is conducted by seasoned professionals with extensive backgrounds in fixed-income investing and public finance. As part of the broader Nuveen platform—wholly owned by TIAA—the fund benefits from centralized operational support, risk management infrastructure and a global investment network dedicated to tax-advantaged strategies.
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