# Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fund is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Assets under management:** Undisclosed
- **Website:** nuveen.com

## Regulatory record

- **Reports private funds:** No

## About

The Nuveen Massachusetts Quality Municipal Income Fund operates as a closed-end municipal bond fund within the broader Nuveen complex. The fund concentrates its holdings in investment-grade obligations issued by the Commonwealth of Massachusetts, its political subdivisions, and certain U.S. territories. Like most Nuveen municipal closed-end funds, it carries a standard management fee structure and may employ leverage to enhance distributable income — a common architecture across the firm's state-specific suite. Strategy centers on constructing a portfolio of municipal securities that generate interest free from federal regular income tax and Massachusetts state personal income tax. Holdings span essential-service revenue bonds — water and sewer, transportation, public education — alongside general obligation bonds backed by the state's full faith and credit. The fund's mandate permits investment in both long-term and intermediate-duration securities, with credit quality historically concentrated in the A to AAA range. Nuveen's municipal team, based in Minneapolis and Chicago, manages the portfolio alongside dozens of sibling state-specific and national closed-end funds. Scale metrics for this individual fund are not publicly disaggregated from Nuveen's broader closed-end municipal complex. The fund shares the Nuveen suite's distribution mechanism, trading on an exchange with a market price that diverges from net asset value based on investor demand. TIAA, a financial services conglomerate serving academic and nonprofit workers, acquired Nuveen in 2014, placing the fund under the ownership of one of the country's largest retirement fiduciaries. A structural differentiator for this fund is the closed-end wrapper itself. Unlike an open-end mutual fund that must honor daily redemptions at NAV, the closed-end structure lets portfolio managers maintain a stable asset base through market cycles. This insulation from forced selling during Massachusetts-specific credit dislocations — such as the 2011 Springfield fiscal crisis or pandemic-era revenue disruptions — allows the fund to hold through volatility without liquidity-driven fire sales.

## Sectors

- Municipal Bonds
- Fixed Income

## People

- William Huffman — President of Nuveen Equities and Fixed Income

## Questions

### Does the fund use leverage?

Nuveen's closed-end municipal funds commonly use structural leverage, often through preferred shares or tender option bonds, to enhance the yield distributed to common shareholders. The fund's governing documents permit leverage within regulatory bounds. Investors should review the most recent shareholder report for the current effective leverage ratio and its impact on yield and volatility.

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Last updated: 2026-06-03T20:00:00.000Z

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