- ISIN
- US6709721087
- CUSIP
- 670972108
- Issuer
- Nuveen
- Inception Date
- Feb 21, 1991
- Category
- Municipal Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
NQP Performance Chart
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Returns By Period
Nuveen Pennsylvania Quality Municipal Income
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NQP Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.33% | 1.16% | -0.18% | 1.49% | 3.84% | ||||||||
| 2025 | 4.04% | 3.12% | -4.50% | 1.43% | -1.17% | 1.89% | -2.61% | 1.74% | 10.24% | 1.23% | 1.98% | -2.15% | 15.46% |
| 2024 | 1.32% | -0.66% | 2.38% | -2.20% | 0.69% | 6.31% | 3.10% | 0.63% | 1.58% | -4.71% | 1.17% | -6.30% | 2.70% |
| 2023 | 7.10% | -5.65% | 2.41% | -0.54% | -2.13% | 1.80% | 0.79% | -2.49% | -7.21% | -3.66% | 13.35% | 5.19% | 7.44% |
| 2022 | -4.56% | 0.31% | -4.30% | -10.77% | 4.93% | -2.39% | 3.24% | -1.81% | -10.26% | -5.33% | 10.81% | -2.31% | -21.95% |
| 2021 | -1.48% | 0.03% | 1.88% | 1.58% | 2.46% | 2.20% | 0.70% | -0.03% | -1.62% | 1.25% | 3.94% | -3.20% | 7.75% |
Benchmark Metrics
Nuveen Pennsylvania Quality Municipal Income has an annualized alpha of 14.89%, beta of 0.20, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since February 22, 1991.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (66.40%) than losses (21.53%) - typical of diversified or defensive assets.
- Beta of 0.20 may look defensive, but with R2 of 0.09 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.09 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 14.89%
- Beta
- 0.20
- R²
- 0.09
- Upside Capture
- 66.40%
- Downside Capture
- 21.53%
Expense Ratio
NQP has a high expense ratio of 1.27%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nuveen Pennsylvania Quality Municipal Income (NQP) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
Nuveen Pennsylvania Quality Municipal Income provided a 7.13% dividend yield over the last twelve months, with an annual payout of $0.86 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.86 | $0.94 | $0.75 | $0.36 | $0.54 | $0.67 | $0.63 | $0.60 | $0.65 | $0.70 | $0.74 | $0.84 |
Dividend yield | 7.13% | 7.87% | 6.69% | 3.07% | 4.89% | 4.51% | 4.38% | 4.23% | 5.34% | 5.34% | 5.67% | 6.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Pennsylvania Quality Municipal Income. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.08 | $0.08 | $0.08 | $0.08 | $0.31 | ||||||||
| 2025 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.94 |
| 2024 | $0.03 | $0.03 | $0.05 | $0.05 | $0.05 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.75 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.54 |
| 2021 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.67 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen Pennsylvania Quality Municipal Income. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nuveen Pennsylvania Quality Municipal Income was 41.87%, occurring on Oct 10, 2008. Recovery took 203 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -41.87%Oct 2008 | 8mo 14d | 9mo 27d | 1y 6moJan 2008 - Aug 2009 |
2023 bear market2023 | -32.41%Oct 2023 | 1y 10mo | 2y 5mo | 4y 4moDec 2021 - Apr 2026 |
1999 bear market1999 | -25.04%Dec 1999 | 11mo 26d | 1y 7mo | 2y 7moDec 1998 - Aug 2001 |
2013 bear market2013 | -24.69%Aug 2013 | 8mo 16d | 1y 5mo | 2y 1moDec 2012 - Feb 2015 |
COVID crash2020 | -24.12%Mar 2020 | 18d | 9mo 12d | 10moMar 2020 - Dec 2020 |
Drawdown Indicators
| NQP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -9.10% | — |
Current DrawdownCurrent decline from peak | — | -2.97% | — |
Average DrawdownAverage peak-to-trough decline | — | -1.13% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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