# Nuveen AMT-Free Quality Municipal Income Fund (NEA): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nea for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Nuveen · Asset class: Bond - Strategy: Thematic · Inception: 2003-01-16 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. Th... ## Key Facts | Metric | Value | |---|---| | Price | $9.86 | | Expense Ratio | 3.53% | | Assets Under Management | $2.95B | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 8.28% | | Annual Distribution (TTM) | $0.82 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.53 – $11.90 | | Beta | 0.71 | ## Latest Distribution - Amount: $0.0680 /share - Ex-date: 2026-10-15 - Pay date: 2026-11-02 ## Frequently Asked Questions ### 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 8.28%, 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. ### Does NEA pay a dividend? Yes, Nuveen AMT-Free Quality Municipal Income Fund (NEA) distributes dividends to shareholders. The trailing-twelve-month yield is 8.28%. Full dividend history is on this page. ### How often does NEA pay dividends? Nuveen AMT-Free Quality Municipal Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is NEA's next ex-dividend date? The most recently announced ex-dividend date for NEA was 2026-10-15. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will NEA's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 3.53% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NEA charge its expense ratio? The expense ratio is deducted in tiny daily slices from NEA's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NEA cost more than a fund like VOO? NEA's strategy (current expense ratio 3.53%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where NEA sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to NEA? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as NEA (3.53%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nea - Distribution history: https://www.dividenddata.com/funds/nea/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nea/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nea/expenses - Peer comparison: https://www.dividenddata.com/funds/nea/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.