Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fundverified

NAC

Price:

$11.9699

Market Cap:

$1.73B

Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes. It primarily invests in securities that are rated Baa or BBB or better by Moody's Investors Service, Inc. or Standard & Poor's, and have an average maturity of 20.96 years. The fund employs fundamental analysis with a bottom-up approach to create its portfolio. It benc...[Read more]

Industry

Asset Management - Income

IPO Date

1999-05-26

Stock Exchange

NYSE

Ticker

NAC

The ROE as of September 2024 (TTM) for Nuveen California Quality Municipal Income Fund (NAC) is 6.12%

According to Nuveen California Quality Municipal Income Fund’s latest financial reports and current stock price. The company's current ROE is 6.12%. This represents a change of 109.39% compared to the average of 2.92% of the last 4 quarters.

Nuveen California Quality Municipal Income Fund (NAC) Historical ROE (quarterly & annually)

How has NAC ROE performed in the past?

The mean historical ROE of Nuveen California Quality Municipal Income Fund over the last ten years is 2.51%. The current 6.12% ROE has changed 143.58% with respect to the historical average. Over the past ten years (40 quarters), NAC's ROE was at its highest in in the May 2012 quarter at 43.32%. The ROE was at its lowest in in the August 2013 quarter at -15.94%.

Quarterly (TTM)
Annual

Average

2.51%

Median

3.57%

Minimum

-15.84%

Maximum

14.41%

Nuveen California Quality Municipal Income Fund (NAC) ROE by Quarter and Year

Discovering the peaks and valleys of Nuveen California Quality Municipal Income Fund ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.18%

Maximum Annual ROE = 14.41%

Minimum Annual Increase = -1131.10%

Minimum Annual ROE = -15.84%

Quarterly (TTM)
Annual
YearROEChange
20246.00%-137.89%
2023-15.84%1.18%
2022-1.24%20.77%
2021-1.02%-107.11%
202014.41%388.56%
20192.95%-29.75%
20184.20%-1131.10%
2017-0.41%-106.33%
20166.43%-33.45%
20159.66%-526.45%

Nuveen California Quality Municipal Income Fund (NAC) Average ROE

How has NAC ROE performed in the past?

The current ROE of Nuveen California Quality Municipal Income Fund (NAC) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

-3.69%

5-year avg

0.46%

10-year avg

2.51%

Nuveen California Quality Municipal Income Fund (NAC) ROE vs. Peers

How is NAC’s ROE compared to its peers?

Nuveen California Quality Municipal Income Fund’s ROE is less than Nuveen California AMT-Free Quality Municipal Income Fund (15.50%), less than Nuveen California Municipal Value Fund (24.45%), less than BlackRock MuniHoldings California Quality Fund, Inc. (1.73%), less than Invesco California Value Municipal Income Trust (22.20%), less than BlackRock California Municipal Income Trust (2.98%),

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