NAC Alternatives & Similar Mutual Funds

Nuveen California Quality Municipal Income Fund (NAC) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NAC. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to NAC

NAC charges 0.04% annually. There are 12 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
MMU	Western Asset Managed Municipals Fund Inc	0.01%	—	Jun 1992	NAC vs MMU
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	NAC vs LSMSX
EIM	Eaton Vance Municipal Bond Fund	0.01%	—	Dec 1993	NAC vs EIM
MMD	NYLI MacKay DefinedTerm Muni Opportunities Fund	0.03%	—	Jun 2012	NAC vs MMD
NIM	Nuveen Select Maturities Municipal Fund	0.03%	—	Sep 1992	NAC vs NIM

Best Risk-Adjusted Alternatives to NAC

NAC has a PortfoliosLab risk / return rank of 84. There are 118 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	NAC vs DFABX
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	NAC vs DFSMX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	NAC vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	NAC vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	NAC vs TFCYX

Top Performing NAC Alternatives (YTD)

NAC is at 6.12% YTD. There are 15 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 16.33%.

Symbol	Name	YTD Return	AUM	Inception
NMT	Nuveen Massachusetts Quality Municipal Income Fund	16.33%	—	Jan 1993	NAC vs NMT
RMI	RiverNorth Opportunistic Municipal Income Fund	13.39%	—	—	NAC vs RMI
RFMZ	RiverNorth Flexible Municipal Income Fund II Inc.	11.28%	—	—	NAC vs RFMZ
NMI	Nuveen Municipal Income Fund, Inc.	11.06%	—	Apr 1998	NAC vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	10.21%	—	Nov 2002	NAC vs NRK

Lowest Volatility Alternatives to NAC

NAC has 7.68% 1-year volatility. There are 464 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.55%	—	Aug 2002	NAC vs DFSMX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	NAC vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.57%	—	Apr 2007	NAC vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.58%	—	May 2016	NAC vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	NAC vs USMTX

Lowest Drawdown Alternatives to NAC

NAC has a 1-year max drawdown of -4.96%. There are 463 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	NAC vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	NAC vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	NAC vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	NAC vs TFCYX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	-0.11%	—	Apr 2022	NAC vs DFABX

Other Mutual Funds from Nuveen

The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 11 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TIEIX	Nuveen Equity Index Fund Class I	Large Cap Blend Equities	63	11.62%	—	Jul 1999	NAC vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	64	11.14%	—	Jan 2007	NAC vs QQQX
TILIX	Nuveen Large Cap Growth Index Fund R6 Class	Large Cap Growth Equities	19	5.24%	—	Oct 2002	NAC vs TILIX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	19	6.85%	—	Nov 2005	NAC vs SPXX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	79	3.88%	—	Jun 1999	NAC vs NHMRX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	3	1.77%	—	Jun 2003	NAC vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	16	3.86%	—	Mar 2006	NAC vs NSBRX
JPC	Nuveen Preferred and Income Opportunities Fund	Preferred Stock/Convertible Bonds	11	1.45%	—	Mar 2003	NAC vs JPC
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	73	1.04%	—	Dec 2006	NAC vs NPSRX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	14	8.29%	—	May 2009	NAC vs NVLIX

Often Compared With NAC

Investors most often compare NAC with SCD, NAZ, NMS. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SCD	LMP Capital and Income Fund Inc.	Diversified Portfolio	14	9.27%	—	—	NAC vs SCD
NAZ	Nuveen Arizona Quality Municipal Income Fund	Municipal Bonds	34	9.68%	—	Nov 1992	NAC vs NAZ
NMS	Nuveen Minnesota Quality Municipal Income Fund	Municipal Bonds	73	7.12%	—	Jun 1993	NAC vs NMS
MUC	BlackRock MuniHoldings California Quality Fund	Municipal Bonds	52	6.62%	—	Feb 1998	NAC vs MUC
NCA	Nuveen California Municipal Value Fund	Municipal Bonds	28	6.59%	—	Oct 1987	NAC vs NCA
VOO	Vanguard S&P 500 ETF	S&P 500	66	10.45%	1.70T	Sep 2010	NAC vs VOO
KTF	DWS Municipal Income Trust		91	5.48%	—	—	NAC vs KTF
NKX	Nuveen California AMT-Free Quality Municipal Incom...	Municipal Bonds	52	5.13%	—	Jul 2002	NAC vs NKX
VCV	Invesco California Value Municipal Income Trust		73	1.20%	—	—	NAC vs VCV
NZF	Nuveen Municipal Credit Income Fund	Municipal Bonds	37	3.60%	—	Mar 2001	NAC vs NZF
JOF	Japan Smaller Capitalization Fund	Japan Equities, Asia Pacific Equities	44	10.20%	—	Mar 1990	NAC vs JOF
FASEX	Nuveen Mid Cap Value Fund	Mid Cap Value Equities	79	20.62%	—	Dec 1987	NAC vs FASEX
EOI	Eaton Vance Enhanced Equity Income Fund	Large Cap Blend Equities	5	0.80%	—	Oct 2004	NAC vs EOI
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	77	2.42%	—	Jan 2013	NAC vs NVHIX
FARCX	Nuveen Real Estate Securities Fund	REIT	48	16.76%	—	Jun 1995	NAC vs FARCX
NELIX	Nuveen Equity Long/Short Fund	Long-Short	51	8.13%	—	Dec 2008	NAC vs NELIX
NPV	Nuveen Virginia Quality Municipal Income Fund	Municipal Bonds	29	6.33%	—	Mar 1993	NAC vs NPV
NBB	Nuveen Taxable Municipal Income Fund	Corporate Bonds	14	2.20%	—	Dec 2009	NAC vs NBB
PRMDX	T. Rowe Price Maryland Short-Term Tax-Free Bond Fu...	Municipal Bonds	78	1.06%	—	Jan 1993	NAC vs PRMDX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	Municipal Bonds	19	1.00%	—	Dec 2017	NAC vs APUSX

Compare NAC with Any Fund or Stock

Compare NAC with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair NAC with funds that move differently

Nuveen California Quality Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NAC.

Explore NAC Diversifiers

Nuveen California Quality Municipal Income Fund (NAC) Alternatives