NAC - Nuveen CA Div Advtg Muni Fd

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Nuveen California Quality Municipal Income Fund, a closed-ended fixed income mutual fund, is launched by Nuveen Investments, Inc. and co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund targets the fixed income markets of California, investing in undervalued municipal securities and related investments that are exempt from regular federal and California income taxes. It focuses on securities rated Baa or BBB or better by Moody's or Standard & Poor's, with an average maturity of 20.96 years.

The fund employs a fundamental analysis strategy with a bottom-up approach to construct its portfolio, seeking to identify and invest in undervalued opportunities. Its investment strategy aims to provide a stable and tax-efficient income stream for its investors. The fund benchmarks its performance against the S&P California Municipal Bond Index and the S&P National Municipal Bond Index, ensuring its returns align with broader market performance standards.

Originally known as Nuveen California Dividend Advantage Municipal Fund, the Nuveen California Quality Municipal Income Fund has evolved to better reflect its strategic focus on high-quality municipal bonds. This rebranding underscores its commitment to providing investors with quality income through prudent asset selection and portfolio management.

Formed on December 1, 1998, and domiciled in the United States, the fund leverages the expertise of its co-managers to navigate the complexities of the municipal bond market. With over two decades of experience, Nuveen California Quality Municipal Income Fund continues to deliver tax-advantaged income to its investors, maintaining a strong presence in the fixed income investment community.

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