Nuveen Arizona Quality Municipal Income Fund (NAZ) Total Return Calculator
$10,000 since Dec 2007, with and without reinvesting · data through Oct 2026
$10,000 invested in Nuveen Arizona Quality Municipal Income Fund (NAZ) ten years ago, at the end of Oct 2016, was worth $11,600 at the end of Oct 2026 with every dividend reinvested: 1.5% a year, against $41,633 in the S&P 500. Since Dec 2007, $10,000 became $22,116 reinvested (4.3% a year), or $18,624 taking the dividends as cash, $10,096 of it paid out along the way.
NAZ became
$22,116
S&P 500: $72,756
Return a year
4.3%
S&P 500: 11.1%
Payouts reinvested
$16,687
bought more shares
Worst drop
-37.4%
S&P 500: -48.2%
$10,000, Dec 2007 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | NAZ total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | −5.5% | $1,249 | +11.7% |
| 2025 | +12.1% | $1,625 | +17.7% |
| 2024 | +12.9% | $1,230 | +24.9% |
| 2023 | −0.4% | $661 | +26.2% |
| 2022 | −27.2% | $894 | −18.2% |
| 2021 | +4.7% | $925 | +28.7% |
| 2020 | +22.7% | $852 | +18.3% |
| 2019 | +18.1% | $745 | +31.2% |
| 2018 | −12.5% | $738 | −4.6% |
| 2017 | +5.8% | $877 | +21.7% |
| 2016 | −3.3% | $975 | +12.0% |
| 2015 | +12.0% | $966 | +1.2% |
| 2014 | +25.4% | $923 | +13.5% |
| 2013 | −16.8% | $739 | +32.3% |
| 2012 | +14.1% | $800 | +16.0% |
| 2011 | +17.9% | $738 | +1.9% |
| 2010 | +4.3% | $671 | +15.1% |
| 2009 | +47.6% | $581 | +26.4% |
| 2008 | −22.4% | $498 | −36.8% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: NAZ total return
Data as of · Source: SmarterDividends data
- $10,000 invested in Nuveen Arizona Quality Municipal Income Fund (NAZ) at the end of Dec 2007, with dividends reinvested, was worth $22,116 at the end of Oct 2026: 4.3% a year, against $72,756 (11.1% a year) in the S&P 500.
- Over the 10 years to Oct 2026, NAZ turned $10,000 into $11,600 with dividends reinvested, 1.5% a year.
- Over the 5 years to Oct 2026, NAZ returned -2.6% a year with dividends reinvested (S&P 500: 12.0%).
- Taking NAZ's dividends as cash instead of reinvesting them, the same $10,000 ended at $18,624, including $10,096 of cash received; reinvesting added $3,493.
- NAZ's best calendar year in that time was 2009 (47.6%) and its worst 2022 (-27.2%), with dividends reinvested.
Cite this page
SmarterDividends, "Nuveen Arizona Quality Municipal Income Fund (NAZ) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/NAZ/total-return
NAZ total return questions
If I invested $10,000 in NAZ 10 years ago, how much would I have?
About $11,600 at the end of Oct 2026, with every dividend reinvested: 1.5% a year. Taking them as cash, you'd have shares worth $7,203 or so plus the cash you received. The same $10,000 in the S&P 500 became $41,633.
What is NAZ's total return since Dec 2007?
121% in total, or 4.3% a year, through Oct 2026 with dividends reinvested. The share price alone fell 15%.
How much of NAZ's return came from dividends?
About 100% of its yearly return since Dec 2007. Reinvesting them, rather than taking cash, left you $3,493 better off on a $10,000 start.
What was NAZ's worst year?
2022, at -27.2% with dividends reinvested (S&P 500: -18.2%). Its deepest fall from a peak, on month-end values, was -37.4%.
How is total return calculated here?
From month-end prices: the adjusted price counts every dividend reinvested in the month it was paid; the plain price doesn't. The S&P 500 is SPY with its dividends reinvested. No trading costs or taxes.