NAZ - NAZ: Nuveen's Arizona Municipal Bond CEF Rates A Sell
2025-04-07 10:06:10 ET
Summary
- The Nuveen Arizona Quality Municipal Income Fund is reviewed and then compared to the Nuveen Quality Muni Income Fund.
- NAZ invests in Arizona municipal securities exempt from federal and state taxes, with a focus on high-quality bonds.
- Selling NAZ and holding NAD is recommended due to better yield and performance, despite state income tax savings with NAZ.
Introduction
With the popularity of my previous single-state municipal bond CEF articles, I have decided to cover each one offered by Nuveen. The Nuveen Arizona Quality Municipal Income Fund ( NAZ ) is reviewed here and then compared to a National municipal bond CEF offered by Nuveen to see if Arizona taxpayers are better off owning NAZ versus the national CEF....
NAZ: Nuveen's Arizona Municipal Bond CEF Rates A Sell