NAZ - Nuveen Arizona Quality Municipal Income Fund

What this means for you

Saba 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. June 5, 2026

   The fund said it may sell new shares.

   Original document →

2. June 3, 2026

   The fund said it may sell new shares.

   Original document →

3. May 1, 2026

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

   Original document →

4. April 9, 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 Aug 31, 2025, from the fund's yearly report. Original document →
• Size: about $149 million of holdings, as of May 31, 2026. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 38% on top of its own money, as of May 31, 2026. Borrowed money makes gains and losses bigger. About 98% of that is money the fund has borrowed by selling preferred shares. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.6% a year in management fees; 3.6% a year in total, including interest on borrowed money. Fiscal year ended Aug 31, 2025. As of Aug 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Aug 31, 2025) the fund paid $0.87 a share. $0.40 of that was income; $0.47 was your own money back, not income. As of Aug 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Aug 31, 2025): $11.12. The shares traded at $11.86, about 6.7% above that. As of Aug 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 17.3% below to 10.5% above. As of Aug 31, 2025, from the fund's annual report. Original document →
• How the holdings did: down 0.9% over the last three months we have (March-May 2026), before the share price is taken into account. Over the last 12 months: +11%. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Aug 31, 2025): the value of the holdings returned -5.1%. How the share price did: the shares returned +9.5% over the same year, counting payouts and the change in the market price. As of Aug 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 1995.

What the fund holds

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

0.8% of holdings are in default.

1. Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital - 2.9%
2. Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds - 6.7%
3. Yavapai County Jail District, Arizona, Pleged Revenue Obligation Bonds - 2.7%
4. Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center - 4.5%
5. Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations - 4.6%
6. Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Mayo/Brooks Rehabilitation Facility Project - 2.1%
7. Queen Creek, Arizona, Certificates of Participation - 2.1%
8. Yuma, Arizona, Utilities System Revenue Bonds - 2%
9. City of Mesa, Arizona, Utility System Revenue Bonds - 2%
10. Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth - 1.9%

As of May 31, 2026, from the fund's quarterly holdings report. Original document →