Nuveen Arizona Quality Municipal Income Fund Common Stock (NAZ)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-10-16 close of $10.51, Nuveen Arizona Quality Municipal Income Fund is a closed-end municipal bond vehicle with a $152.5M market cap. It invests in Arizona municipal securities rated Baa or BBB or better, with an average maturity of 18.66 years. That is a real income franchise, but I see little evidence of a durable moat; municipal-bond management is competitive and the portfolio is rate-sensitive. The balance sheet looks conservative in the supplied data, with D/E of 0.00, and the beta of 0.60 suggests lower price volatility. FairStock calculations show a P/E of 18.77, P/B of 0.88, and dividend yield of 7.08%. Its Graham Number is $12.25, implying a 13.88% margin of safety at the stated price, so the shares look modestly cheap against that conservative valuation and below book. But the quality signals are not comforting: Piotroski F-Score 0/9 and Altman Z-Score 0.94. The 52-week range is $10.18-$13.42, so the price sits near the low end. Growth data is absent, and FairStock's Lynch category is none because only 0 years of filed results are available versus the three needed. For a muni fund, the key question is whether the 7.08% distribution is earned by tax-exempt income, not merely supported by capital. More filing history and distribution coverage would be needed before calling it a bargain.

In plain English: Nuveen Arizona Quality Municipal Income Fund owns Arizona state and local debt with the goal of paying income that is exempt from regular federal and Arizona taxes. The data show a high income payout and a price below a calculated conservative value, but financial-strength signals and filing history look weak. At $10.51, it looks somewhat cheap versus its accounting value, though long-term bond and payout risks remain.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer