Nuveen New York AMT-Free Quality Municipal Income Fund

Frequently Asked Questions About NRK

What does NRK invest in?

The Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) operates as a closed-end investment vehicle, originally launched by Nuveen Investments, Inc., that specializes in fixed-income securities. It is jointly managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, with a core focus on the fixed income markets of New York. The fund strategically allocates capital to undervalued municipal bonds and related instruments. These chosen investments are designed to yield income free from regular federal and New York state income taxes. Furthermore, they are often backed by insurance from financially sound providers and maintain a minimum credit rating of Baa or BBB, with an average maturity of approximately 15.98 years. To construct its portfolio, the fund employs a fundamental, bottom-up selection methodology. Its performance is benchmarked against both the S&P New York Municipal Bond Index and the S&P Insured National Municipal Bond Index. Established in the United States on July 29, 2002, it was formerly recognized as the Nuveen New York AMT-Free Municipal Income Fund.

What is the expense ratio of NRK?

Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) charges an expense ratio of 3.69%. This is the annual fee deducted from fund assets to cover management and operations.

What is NRK's dividend yield?

NRK's trailing-twelve-month yield is 7.92%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NRK?

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

What is the credit quality of NRK?

NRK'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 NRK?

Yield to maturity (YTM) is the total return you'd earn from NRK if every bond in the portfolio is held to maturity at the current price. NRK'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.