Nuveen AMT-Free Quality Municipal Income Fund

Frequently Asked Questions About NEA

What does NEA invest in?

The Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended mutual fund specializing in fixed income, launched by Nuveen Investments Inc. Management responsibilities are shared by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. This fund primarily allocates capital within the U.S. fixed income market, with a key focus on acquiring undervalued municipal bonds that offer exemption from both federal income tax and the alternative minimum tax (AMT). It seeks to include securities with a credit rating of Baa/BBB or better from prominent agencies like S&P, Moody's, or Fitch. The fund's diverse investment portfolio spans various industries, including transportation, healthcare, utilities, housing/multifamily, and water and sewer systems. Originally established on November 21, 2002, and based in the United States, this fund was formerly recognized as the Nuveen AMT-Free Municipal Income Fund.

What is the expense ratio of NEA?

Nuveen AMT-Free Quality Municipal Income Fund (NEA) charges an expense ratio of 3.53%. This is the annual fee deducted from fund assets to cover management and operations.

What is NEA's dividend yield?

NEA's trailing-twelve-month yield is 7.27%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NEA?

Effective duration measures NEA's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NEA's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NEA?

NEA's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NEA?

Yield to maturity (YTM) is the total return you'd earn from NEA if every bond in the portfolio is held to maturity at the current price. NEA's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.