Nuveen Missouri Quality Municipal Income Fund is a closed-end investment fund focused on generating current income that is exempt from both federal and Missouri state and local income taxes. Its primary portfolio holdings consist of investment-grade municipal securities issued predominantly by the state of Missouri and its various political subdivisions, such as counties, municipalities, and public agencies. The fund also has flexibility to invest a portion of assets in high-quality municipal bonds from other states to bolster diversification and manage portfolio risk. Key features of the fund include a strong emphasis on credit quality, with the majority of managed assets directed toward investment-grade or comparably-rated bonds, though it may allocate a limited share to lower-rated or unrated securities when deemed appropriate. The fund leverages professional management and proprietary research provided by Nuveen, one of the largest and most experienced municipal bond managers in the U.S. This approach allows for active monitoring of economic trends, regulatory changes, and issuer-specific developments. Nuveen Missouri Quality Municipal Income Fund typically employs leverage to potentially enhance yield, and its structure seeks to benefit investors seeking steady, tax-advantaged income, particularly those residing in Missouri who may gain extra tax efficiencies from the fund’s in-state focus.
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