Nuveen Missouri Quality Municipal Income Fund (NOM)
Frequently Asked Questions About Nuveen Missouri Quality Municipal Income Fund (NOM)
Does Nuveen Missouri Quality Municipal Income Fund focus on any social or environmental criteria?
Nuveen Missouri Quality Municipal Income Fund primarily focuses on financial metrics, such as creditworthiness and income generation from municipal bonds. However, Nuveen Asset Management is known for integrating environmental, social, and governance (ESG) considerations into its broader investment processes, which can affect its selection of bonds when assessing the sustainability of municipalities.
How can investors purchase shares of Nuveen Missouri Quality Municipal Income Fund?
Investors can purchase shares of Nuveen Missouri Quality Municipal Income Fund on the secondary market through a brokerage account, as it is publicly traded on the New York Stock Exchange under the ticker symbol NOM. It can also be included as part of an investment strategy focused on fixed-income or municipal securities.
How does Nuveen Missouri Quality Municipal Income Fund enhance portfolio diversification?
Nuveen Missouri Quality Municipal Income Fund enhances portfolio diversification by investing in a range of municipal bonds from various sectors, including education, transportation, healthcare, and housing. This diversification helps to mitigate risk by reducing exposure to any single issue or sector and can lead to more stable income generation over time.
How does Nuveen Missouri Quality Municipal Income Fund handle capital gains?
Nuveen Missouri Quality Municipal Income Fund may realize capital gains if it sells securities in its portfolio for a profit. These capital gains can be distributed to shareholders, typically in the form of year-end distributions. However, like income distributions, capital gains distributions may be subject to tax liabilities depending on the investor's tax circumstances.
How does Nuveen Missouri Quality Municipal Income Fund perform compared to its peers?
Performance comparison for Nuveen Missouri Quality Municipal Income Fund against its peers typically involves analyzing its total return, income yield, expense ratios, and other key financial metrics. The fund's performance can vary based on market conditions, interest rates, and the credit quality of the securities it holds, so investors often review these factors alongside performance benchmarks to evaluate its effectiveness.
How does the fund's performance compare historically?
Historically, the performance of Nuveen Missouri Quality Municipal Income Fund can be measured in terms of its total return, compared to municipal bond benchmarks and peer funds. Performance reviews often consider periods of interest rate changes, economic conditions, and shifts in the municipal bond market to determine how well the fund has managed its income generation and capital preservation over time.
Is the income from Nuveen Missouri Quality Municipal Income Fund taxable?
One of the key advantages of investing in Nuveen Missouri Quality Municipal Income Fund is that the income generated from its municipal bond investments is generally exempt from federal income tax. Additionally, residents of Missouri may find that some of the income is also exempt from state income tax, enhancing the overall tax efficiency of the investment.
What are the fees associated with investing in Nuveen Missouri Quality Municipal Income Fund?
Investors in Nuveen Missouri Quality Municipal Income Fund may incur various fees, including management fees, which are typically expressed as a percentage of the fund's average net assets. Additionally, there may be brokerage commissions or transaction fees associated with buying or selling the shares on the stock exchange.
What are the risks associated with investing in Nuveen Missouri Quality Municipal Income Fund?
Investing in Nuveen Missouri Quality Municipal Income Fund carries several risks, including interest rate risk, credit risk, and market risk. As interest rates rise, the value of the fund's bonds may decline. Additionally, if the municipalities that issue the bonds face financial difficulties, it could impact the credit quality and attractiveness of the fund's investments.
What does Nuveen Missouri Quality Municipal Income Fund do?
Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) is a closed-end fund that primarily invests in a diversified portfolio of municipal bonds from the state of Missouri. The fund aims to provide current income that is exempt from federal income tax, and in some cases, state income tax, while preserving capital. By investing in high-quality municipal securities, the fund targets a stable income stream for its shareholders.
What impact do interest rates have on Nuveen Missouri Quality Municipal Income Fund?
Interest rates have a significant impact on the Nuveen Missouri Quality Municipal Income Fund. When interest rates rise, newly issued bonds may offer higher yields than existing bonds, potentially causing the prices of existing bonds in the fund's portfolio to decline. Conversely, when interest rates decrease, the value of existing bonds may increase, leading to potential capital appreciation for the fund.
What is the fund's distribution policy?
Nuveen Missouri Quality Municipal Income Fund typically pays monthly distributions to its shareholders, which are primarily derived from the income generated by its portfolio of municipal bonds. The fund's distribution policy is designed to provide a consistent income stream, but distribution amounts may vary based on the fund's earnings and market conditions.
What is the fund's expense ratio?
The expense ratio of Nuveen Missouri Quality Municipal Income Fund provides insight into the costs of managing the fund as a percentage of its average net assets. This ratio includes management fees and other operational costs. A lower expense ratio can indicate efficient management, which is beneficial for investors looking to maximize their returns.
What is the primary objective of the Nuveen Missouri Quality Municipal Income Fund?
The primary objective of the Nuveen Missouri Quality Municipal Income Fund is to provide a high level of current income that is exempt from federal income tax. Additionally, the fund strives to preserve capital by investing mainly in high-quality municipal securities, ensuring a balance between income generation and risk management.
What types of securities does Nuveen Missouri Quality Municipal Income Fund invest in?
Nuveen Missouri Quality Municipal Income Fund primarily invests in investment-grade municipal securities issued by various governmental entities within Missouri. These can include general obligation bonds, revenue bonds, and other forms of municipal debt that typically provide income exempt from federal and state income taxes.
When was Nuveen Missouri Quality Municipal Income Fund established?
Nuveen Missouri Quality Municipal Income Fund was established in 1992. Since its inception, it has focused on providing investors with exposure to Missouri municipal bonds, leveraging the experience of Nuveen's investment professionals in bond selection and management.
Who are the key stakeholders in Nuveen Missouri Quality Municipal Income Fund?
Key stakeholders in Nuveen Missouri Quality Municipal Income Fund include the fund's shareholders, the management team at Nuveen Asset Management, and the municipal bond issuers whose securities are held in the fund's portfolio. The interests of these stakeholders are aligned in that the effective management of the fund serves to benefit investors' returns and helps maintain market stability.
Who manages Nuveen Missouri Quality Municipal Income Fund?
The fund is managed by Nuveen Asset Management, a leading investment management firm with a long history of managing municipal bond funds. The team is composed of experienced professionals who specialize in fixed-income investments, and they actively analyze and select bonds that align with the fund's objectives.
Who should consider investing in Nuveen Missouri Quality Municipal Income Fund?
Investors who are looking for tax-exempt income, particularly those who reside in Missouri and are seeking to maximize after-tax returns, may find Nuveen Missouri Quality Municipal Income Fund appealing. The fund is suitable for risk-averse investors looking for stable income, as well as those wanting diversification within a fixed-income investment portfolio.
What is the current price of Nuveen Missouri Quality Municipal Income Fund?
The current price of Nuveen Missouri Quality Municipal Income Fund is 11.16
When was Nuveen Missouri Quality Municipal Income Fund last traded?
The last trade of Nuveen Missouri Quality Municipal Income Fund was at 7:00 pm EDT on September 19th, 2025