Nuveen New York Quality Municipal Income Fund

Frequently Asked Questions About NAN

What does NAN invest in?

Nuveen New York Quality Municipal Income Fund operates as a closed-end management investment company. It seeks to provide current income exempt from regular federal, and New York State and New York City income tax and to enhance portfolio value. The company was founded on May 26, 1999 and is headquartered in Chicago, IL.

What is the expense ratio of NAN?

Nuveen New York Quality Municipal Income Fund (NAN) charges an expense ratio of 3.77%. This is the annual fee deducted from fund assets to cover management and operations.

What is NAN's dividend yield?

NAN's trailing-twelve-month yield is 7.49%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NAN?

Effective duration measures NAN's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NAN's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NAN?

NAN's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NAN?

Yield to maturity (YTM) is the total return you'd earn from NAN if every bond in the portfolio is held to maturity at the current price. NAN's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.