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NAD: Municipal CEF Suppressed By Higher Interest Rates
Seeking Alphaยท 2025-08-10 11:49
Group 1 - Nuveen Quality Muni Income Fund (NYSE: NAD) operates as a closed-end fund aiming to provide attractive total returns from a portfolio of municipal securities [1] - NAD specifically invests in municipal securities that offer income exempt from federal taxes [1] - The fund's strategy includes a hybrid system combining growth and income, which allows it to capture total returns comparable to traditional index funds like the S&P [1]