Nuveen Quality Municipal Income Fund

Nuveen Quality Municipal Income Fund

Actively managed U.S. bond closed-end fund
$2.79B NAV
1,144 positions · as of 2026-04-30 · filed 2026-06-24

Fund classification

Classified from what the fund holds · as of 2026 Q2

Nuveen Quality Municipal Income Fund is an actively managed U.S. bond closed-end fund.

Asset class
Bonds
Region
United States
Management
Actively managed
Fund type
Closed-end fund
Credit quality
Investment grade
Rate sensitivity
Long duration

Fund profile

This fund files no prospectus profile. Unit investment trusts and closed-end funds register on forms that carry no objective or fee tagging, and some fund families file without it — a gap in what was filed, not a fund without an objective or without fees.

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

169.48%
of net assets
Bonds169.34%
Stocks0.13%
Derivatives0.00%

Look-through blends 2 underlying funds; 0.134% of NAV was not looked through and stays direct-classified.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 20 new35 exited

Largest new: Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Series 2026A ×2, Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Facilities Department, Refunding First Lien Series 2026C, Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Refunding Project Second Lien Series 2026A, Colorado Educational and Cultural Facilities Authority, Revenue Bonds, University of Denver, Series 2026A, Northampton County General Purpose Authority, Pennsylvania, Hospital Revenue Bonds, Saint Luke's University Health Network Project, Series 2024A-1, Pennsylvania Economic Development Financing Authority, Revenue Bonds, University of Pittsburgh Medical Center, Series 2026A, Illinois Finance Authority, Revenue Bonds, University of Chicago Medicine, Series 2022A

Largest exited: Michigan Finance Authority, Hospital Revenue Bonds, Bronson Healthcare Group, Inc., Refunding Series 2019A, Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2021A, Rock Hill, South Carolina, Combined Utility System Revenue Bonds, Series 2016, Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate Lien Series 2018A. Tela Supported, Metropolitan Nashville Airport Authority, Tennessee, Airport Revenue Bonds, Subordinate Series 2019B, New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, John F Kennedy International Airport New Terminal 1 Project, Idaho Health Facilities Authority, Revenue Bonds, Saint Luke's Health System Project, Series 2021A, Colorado Health Facilities Authority, Colorado, Revenue Bonds, Intermountain Healthcare, Series 2022A

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+7.16%
3-year
+9.58%
5-year
-3.86%
Volatility
7.58%
Worst 3-yr fall
-10.58%
Cumulative return· May 2023 – Apr 2026

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30

Avg coupon
4.45%
Avg maturity
20.28 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

2%
floating
Fixed rate98.1%
Floating rate1.9%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y10y+
<1y0.8%
1-3y2.0%
3-5y1.5%
5-10y9.5%
10y+86.3%
Flagged holdings
Defaulted: 0.10% · $4.62M · 29 positions
In arrears: 0.24% · $11.52M · 3 positions
Paid in kind: none reported

These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2

Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.

Interest-rate duration
13.62 yr
approx. move per 100bp
Credit-spread duration
11.93 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ -25.5%
of value
Interest rates53%
Credit spreads47%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+11.93
yrs total
Investment grade+10.52 yr
High yield+1.41 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate13.62 yr total
3 mo30 yr
3 mo0.19 yr1%
1 yr0.73 yr5%
5 yr1.95 yr14%
10 yr6.39 yr47%
30 yr4.35 yr32%
Credit spread11.93 yr total
3 mo30 yr
3 mo0.01 yr0%
1 yr0.07 yr1%
5 yr0.41 yr3%
10 yr4.03 yr34%
30 yr7.41 yr62%

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.19+0.01+0.00$1.9k$104
1 yr+0.73+0.06+0.01$17.1k$2.7k
5 yr+1.95+0.38+0.04$105.2k$10.1k
10 yr+6.39+3.58+0.44$1.00m$124.2k
30 yr+4.35+6.49+0.92$1.81m$256.5k

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A0.00% · due 2036-03-011.52%$42.48M
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 20145.00% · due 2044-11-151.07%$29.84M
Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida LLC Issue, Seri5.25% · due 2053-07-011.04%$29.13M
Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Priority Subordinated Series 2017A5.00% · due 2042-10-011.04%$29.10M
New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A5.25% · due 2050-01-011.03%$28.80M
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2019A5.00% · due 2049-05-151.02%$28.52M
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-15.00% · due 2058-07-011.02%$28.46M
Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects, Series 2019A4.00% · due 2049-05-150.97%$27.04M
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 20075.00% · due 2037-12-010.94%$26.27M
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2017B5.00% · due 2040-10-010.88%$24.43M
Showing 10 of 1,144Sign in to see more

Top 10 positions are 10.53% of net assets, top 25 21.21%, across 856 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

Sign in free