Fund Companies Rights Offerings Managed Distributions Leveraged Funds IPOs Asset Classes CEF Advisors

My Fund Comparison
Initilizing list...

Nuveen Michigan Quality Municipal Income Fund  as of 04/09/2020

NYSE / NUM Asset Class:  Oth States Muni Debt Fds 1 YR Lipper Avg:  2.24%

Growth of $10K

Avg Annual Total Return %
  10 YR 5 YR 1 YR YTD
Market Return 5.99% 4.26% 5.91% -3.60%
Lipper Pct. Rank 6 18 23 34
NAV Return 5.68% 3.90% 5.15% -0.69%
Lipper Pct. Rank 17 17 12 17
Premium/Discount History

Premium/Discount
10 YR Avg 5 YR Avg YTD Avg
-10.156% -12.465% -13.480%

NAV $15.54 Market Price $13.50
Net Change $0.10 Market Change $0.24
Premium/Discount -13.13%
1 YR NAV Return 5.145%
1 YR NAV Rank 12
12-Mo Yield as of 2/29/2020 Yield Def
Income Only Yield 3.67%
Distribution Yield (Market) 3.98%
Most Recent Income Dividend $0.045
Ex-Div Date 3/12/2020
Most Recent Cap Gain Dividend $0.062
Ex-Div Date 11/17/2016
Dividend Frequency Monthly
YTD Dividends $0.089
YTD Capital Gains --
Inception Date 10/24/1991
Fund Advisor Nuveen Fund Advisors LLC
Manager & Tenure Daniel J. Close since 2007
Phone 800-257-8787
Website www.nuveen.com
Total Net Assets (mil) as of 3/31/2020 $315.0
% Leveraged Assets as of 2/28/2019 36.99%
Portfolio Turnover 11.00%
Mgmt Fees 0.932%
Expense Ratio 2.360%
Alternative Minimum Tax 1.87%
Fund Objective
The Fund seeks current income exempt from both regular Federal and Michigan personal income taxes. Its secondary objective is to enhance portfolio value relative to the Michigan municipal bond market by investing in tax-exempt Michigan municipal bonds that, in the opinion of Nuveen Advisory, are underrated or undervalued.
Total Net Assets by Category (as of 12/31/2019)
Cash 0.10%
Limited Tax 29.82%
Education Revenue 23.78%
Utility Revenue 18.12%
Hospital Revenue 15.82%
General Obligation Other 4.31%
Transportation Revenue 3.16%
Revenue Other 2.88%
Portfolio Other 1.05%
Housing Revenue 0.96%
Quality (as of 12/31/2019)
Short-Term 0.10%
AA 56.90%
AAA 18.30%
A 16.10%
Not Rated 4.10%
B 3.50%
BBB 0.90%
BB 0.10%


Resources

Aberdeen Closed-End TV

Asset TV — CEF Channel

CEF Connect

Cohen & Steers CEFs Knowledge Center

Harvest — CEFA Channel

Legg Mason CEFs

Seeking Alpha — CEFA Channel


SySys Logo

Lipper Logo
Powered by a SySys data & content management system.

© Thomson Reuters 2019. All rights reserved. Any copying, republication or redistribution of Lipper, a Thomson Reuters company, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper, a Thomson Reuters company. Lipper, a Thomson Reuters company shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.