NMT Profile
Nuveen Massachusetts Quality Municipal Income Fund, a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc., is managed jointly by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. Established on January 12, 1993, the fund focuses on the fixed income markets specifically within Massachusetts, United States.
The fund's investment strategy centers on acquiring undervalued municipal securities and related investments that offer exemptions from regular federal and Massachusetts income taxes. It prioritizes investments in high-quality securities rated Baa/BBB or above by major credit rating agencies such as S&P, Moody's, or Fitch. Employing a meticulous bottom-up stock picking approach, the fund employs fundamental analysis to construct its portfolio.
Nuveen Massachusetts Quality Municipal Income Fund benchmarks its performance against the Standard & Poor's (S&P) Massachusetts Municipal Bond Index and the broader Standard & Poor's (S&P) National Municipal Bond Index. This comparative framework helps assess the fund's performance relative to both local and national municipal bond markets.
Headquartered in the United States, Nuveen Massachusetts Quality Municipal Income Fund, formerly known as Nuveen Massachusetts Premium Income Municipal Fund, remains dedicated to providing investors with tax-efficient income opportunities while maintaining a disciplined approach to credit quality and investment selection within the Massachusetts municipal bond sector.
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