Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fund is a closed-end fixed income fund specializing in municipal securities. Its primary objective is to provide investors with current income that is exempt from both regular federal and Massachusetts personal income taxes, making it particularly appealing to residents seeking tax-advantaged income. The fund invests predominantly—at least 80% of its managed assets—in investment-grade municipal bonds issued within Massachusetts, though it may also allocate up to 20% to lower-rated securities when suitable opportunities arise. Managed by Nuveen Fund Advisors, the fund adopts an active strategy focused on identifying bonds believed to be underrated or undervalued within the municipal market. This approach not only supports income generation but also aims for capital appreciation relative to the broader Massachusetts municipal bond market. The fund utilizes leverage to enhance yields and is benchmarked against the S&P Massachusetts and National Municipal Bond indices. It plays a vital role in the market by channeling capital to local governmental projects while providing investors with a potentially steady stream of tax-exempt income and portfolio diversification benefits.