NAD - Nuveen Quality Municipal Income Fund

What this means for you

Karpus owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.

Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.

Email me if this changes

What happened, and when

1. Aug 31, 2026

   The fund said it may sell new shares.

   Original document →

2. May 1, 2026

   The fund said it will repay some borrowed money on June 2, 2026.

   Original document →

3. Feb 25, 2026

   The fund said it may sell new shares.

   Original document →

4. Feb 25, 2026

   The fund said it may sell new shares.

   Original document →

5. Oct 31, 2025

   The fund said it will repay some borrowed money on Dec 1, 2025.

   Original document →

About this fund

• Run by Nuveen Fund Advisors, LLC. Part of the Nuveen fund family. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Size: about $2.79 billion of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 42% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. About 79% of that is money the fund has borrowed by selling preferred shares. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.5% a year in management fees; 3.7% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $0.90 a share. $0.52 of that was income; $0.38 was your own money back, not income. As of Oct 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Oct 31, 2025): $12.23. The shares traded at $11.99, about 2% below that. As of Oct 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 0.6% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +7.2%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Oct 31, 2025): the value of the holdings returned +2.4%. How the share price did: the shares returned +8% over the same year, counting payouts and the change in the market price. As of Oct 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 1999.

What the fund holds

Almost all tax-free municipal bonds (100%). About 100% issued in the U.S.

1. E-470 Public Highway Authority, Colorado, Toll Revenue Bonds - 1.5%
2. New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 - 1.1%
3. Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida LLC Issue, Seri - 1%
4. Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Priority Subordinated - 1%
5. New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project - 1%
6. Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds - 1%
7. Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1 - 1%
8. Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects - 1%
9. Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations - 0.9%
10. Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding - 0.9%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →