Nuveen Missouri Quality Municipal Income Fund (NYSE: NOM) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The fund pursues its objective by investing primarily in investment-grade municipal securities issued by the state of Missouri and its political subdivisions. Its portfolio encompasses a diverse range of sectors, including general obligation bonds, revenue bonds issued by utilities and transportation authorities, education facilities, healthcare institutions and other essential public projects.
Established in the early 1980s, NOM benefits from the long-standing expertise of Nuveen Asset Management, LLC, an affiliate of TIAA with roots dating back to 1898. As one of the largest managers of municipal bonds in the United States, Nuveen combines fundamental credit analysis with in-house research to evaluate issuers’ financial health, revenue streams and regulatory environment. The fund’s investment team emphasizes preservation of capital, rigorous credit selection and ongoing monitoring to navigate market cycles and maintain portfolio quality.
While the fund’s primary focus is on Missouri-issued securities to capture local state tax advantages for Missouri residents, NOM may invest, when advantageous, in high-quality municipal bonds from other states to enhance diversification and manage risk. The fund employs leverage through the issuance of preferred shares and borrowings, a typical structure in closed-end vehicles, to potentially augment income. Its strategy balances yield enhancement with a disciplined approach to debt service coverage and maturity profile management.
Governance of the fund is overseen by an independent board of trustees charged with safeguarding shareholder interests and ensuring adherence to investment guidelines. Day-to-day portfolio management is conducted by Nuveen’s dedicated municipal bond team, which leverages proprietary analytics and credit research to meet the fund’s objectives. Shares of NOM trade on the New York Stock Exchange, providing investors with liquidity and transparent pricing in a vehicle designed for tax-efficient income generation.
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