Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund is a closed-ended fixed income mutual fund that invests in the fixed income markets of California, United States. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, both launched by Nuveen Investments, Inc. Its investment strategy focuses on undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes. The fund primarily invests in securities rated Baa or BBB or better by Moody's Investors Service, Inc. or Standard & Poor's. These securities have an average maturity of 20.96 years. The fund utilizes fundamental analysis with a bottom-up approach to construct its portfolio. Its performance is benchmarked against the Standard & Poor's (S&P) California Municipal Bond Index and the Standard & Poor's (S&P) National Municipal Bond Index. Nuveen California Quality Municipal Income Fund was established on December 1, 1998, and is domiciled in the United States. It was previously known as Nuveen California Dividend Advantage Municipal Fund.