NUVEEN CALIFORNIA AMT-FREE QUALITY MUNICIPAL INCOME FUND

This closed-end municipal bond fund, launched by Nuveen Investments and co-managed by Nuveen Asset Management and Nuveen Fund Advisors, invests exclusively in California municipal securities. The fund targets undervalued fixed-income instruments rated Baa, BBB, or higher, with a portfolio average maturity of approximately 20 years. Municipal bond income generated by the fund qualifies for exemption from both regular federal and California state income taxes, positioning it for California-domiciled investors seeking tax-advantaged municipal exposure.

The fund employs a fundamental, bottom-up analytical approach to security selection and benchmarks its performance against the S&P California Municipal Bond Index and S&P National Municipal Bond Index. Its investment strategy focuses on identifying undervalued municipal debt obligations within the California market, where it concentrates its holdings. The fund generates revenue through management fees on assets under administration.

As a closed-end fund structure, NKX operates with a fixed capitalization rather than continuously issuing and redeeming shares. The fund was established in November 2002 and is incorporated in Massachusetts. Nuveen Investments, its parent organization headquartered in Chicago, operates as a significant asset manager within the financial services sector, managing municipal bond allocations for institutional and individual investors.