Description

The Nuveen New York Quality Municipal Income Fund, formerly known as the Nuveen New York Dividend Advantage Municipal Fund, is a closed-end mutual fund concentrating on fixed-income investments. This fund was established by Nuveen Investments, Inc., and receives joint management from Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. Its investment strategy involves allocating capital primarily within New York's fixed income markets, focusing specifically on municipal bonds that carry a rating of Baa or higher. The portfolio is constructed using a bottom-up stock-picking approach, guided by thorough fundamental analysis. To assess its performance, the fund benchmarks against both the Standard & Poor's New York Municipal Bond Index and the Standard & Poor's National Municipal Bond Index. It commenced operations on May 26, 1999, and is domiciled in the United States.