Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fundverified

NAZ

Price:

$11.77

Market Cap:

$136.45M

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) Arizona Municipal Bond Index and Standard & Poor's (S&P) National Mu...[Read more]

Industry

Asset Management - Income

IPO Date

1992-11-19

Stock Exchange

NYSE

Ticker

NAZ

The ROE as of September 2024 (TTM) for Nuveen Arizona Quality Municipal Income Fund (NAZ) is 12.45%

According to Nuveen Arizona Quality Municipal Income Fund’s latest financial reports and current stock price. The company's current ROE is 12.45%. This represents a change of 207.36% compared to the average of 4.05% of the last 4 quarters.

Nuveen Arizona Quality Municipal Income Fund (NAZ) Historical ROE (quarterly & annually)

How has NAZ ROE performed in the past?

The mean historical ROE of Nuveen Arizona Quality Municipal Income Fund over the last ten years is 2.93%. The current 12.45% ROE has changed 325.55% with respect to the historical average. Over the past ten years (40 quarters), NAZ's ROE was at its highest in in the August 2023 quarter at 8.21%. The ROE was at its lowest in in the May 2022 quarter at -5.76%.

Quarterly (TTM)
Annual

Average

2.93%

Median

3.74%

Minimum

-13.27%

Maximum

12.19%

Nuveen Arizona Quality Municipal Income Fund (NAZ) ROE by Quarter and Year

Discovering the peaks and valleys of Nuveen Arizona 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 = 206.13%

Maximum Annual ROE = 12.19%

Minimum Annual Increase = -10268.34%

Minimum Annual ROE = -13.27%

Quarterly (TTM)
Annual
YearROEChange
20245.81%-143.78%
2023-13.27%-7188.45%
20220.19%-65.16%
20210.54%-95.59%
202012.19%206.13%
20193.98%13.70%
20183.50%-10268.34%
2017-0.03%-100.65%
20165.30%-52.03%
201511.06%-403.78%

Nuveen Arizona Quality Municipal Income Fund (NAZ) Average ROE

How has NAZ ROE performed in the past?

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

3-year avg

-2.42%

5-year avg

1.09%

10-year avg

2.93%

Nuveen Arizona Quality Municipal Income Fund (NAZ) ROE vs. Peers

How is NAZ’s ROE compared to its peers?

Nuveen Arizona Quality Municipal Income Fund’s ROE is greater than GCM Grosvenor Inc. (-59.98%), greater than Nuveen Intermediate Duration Quality Municipal Term Fund (-7.14%), less than Nuveen Municipal Income Fund, Inc. (4.55%), less than BlackRock MuniHoldings New York Quality Fund, Inc. (3.45%), less than Apollo Tactical Income Fund Inc. (21.92%), less than Abrdn Emerging Markets Equity Income Fund Inc (33.43%), less than Abrdn Global Dynamic Dividend Fund (8.59%), less than BNY Mellon Municipal Income, Inc. (5.00%), less than MFS Investment Grade Municipal Trust (3.44%), less than Virtus Convertible & Income 2024 Target Term Fund (21.86%), less than Invesco High Income 2024 Target Term Fund (25.55%), less than Eaton Vance National Municipal Opportunities Trust (11.25%), less than Federated Hermes Premier Municipal Income Fund (3.80%), less than John Hancock Investments - John Hancock Tax-Advantaged Global Shareholder Yield Fund (3.86%), less than Miller/Howard High Income Equity Fund (9.41%), less than Legg Mason BW Global Income Opportunities Fund Inc. (9.13%), less than Virtus Global Multi-Sector Income Fund (9.07%), less than Pioneer Municipal High Income Opportunities Fund, Inc. (4.64%), less than MFS High Yield Municipal Trust (6.05%), less than MFS High Income Municipal Trust (6.81%), less than BlackRock MuniHoldings Quality Fund II, Inc. (3.99%), less than MFS Charter Income Trust (11.97%), less than Putnam Premier Income Trust (7.31%),

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