XNANX

About XNANX

Nuveen New York Quality Municipal Income Fund is a closed-end fixed income mutual fund with a specialized focus on municipal securities issued in New York. Its primary purpose is to provide investors with current income that is exempt from regular federal as well as New York State and New York City income taxes. The fund invests at least 80% of its managed assets in municipal bonds that hold an investment-grade rating or are considered of comparable quality by the fund manager. Up to 20% of assets may be allocated to lower-rated or unrated bonds, allowing some exposure to higher-yield municipal debt while retaining a strong quality emphasis. Managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, the fund employs fundamental analysis to select individual securities and benchmarks its performance against the S&P New York Municipal Bond Index. Established in 1999, this fund plays a significant role for New York-based investors seeking tax-advantaged income while participating in the local municipal bond market. Leverage is used to enhance income potential, and distributions are generally composed of tax-exempt interest income, with some portion potentially classified as return of capital.