We are live on ! Find out more

Nuveen AMT-Free Quality Municipal Income Fund

NEA

Market cap $3.4B

11.27 USD

+0.12

1.08%

At close Updated Aug 25, 4:00 PM EDT

1 day

1.08%

5 days

-0.7%

1 month

0.54%

3 months

-0.97%

6 months

-4.73%

Year to date

-3.26%

1 year

2.73%

5 years

-28.63%

10 years

-24.82%

About: Nuveen AMT-Free Municipal Income Fund is a diversified closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax and the alternative minimum tax applicable to individuals, by investing in an actively managed portfolio of tax-exempt municipal securities. The company invest in Transportation, Utilities, Healthcare, Education and Civics, and other sectors, with maximum investment in Transportation.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 33.3%

Neutral 66.7%

Negative 0%

24/7 Wall Street

A Record $8.4 Trillion Sits in Money Markets Earning 3.5%, Exactly What Inflation Runs. Real Return: Zero

Janus Henderson AAA CLO ETF (NYSEARCA:JAAA) holds floating-rate, AAA-rated collateralized loan obligation tranches from issuers like.

A Record $8.4 Trillion Sits in Money Markets Earning 3.5%, Exactly What Inflation Runs. Real Return: Zero

24/7 Wall Street

The 7.1% Monthly Payout the IRS Can't Touch and Wall Street Just Noticed

Investors who bought the iShares National Muni Bond ETF (NYSEARCA:MUB) did so for a good reason: it is the cheapest, most liquid way to own a diversified basket of federally tax-free municipal bonds.

The 7.1% Monthly Payout the IRS Can't Touch and Wall Street Just Noticed

NEA: Rate Conditions May Limit The Price Potential For Muni Fund

NEA: Rate Conditions May Limit The Price Potential For Muni Fund

NEA: Rate Conditions May Limit The Price Potential For Muni Fund

A Pair Trade Opportunity By Nuveen Quality Municipal Income Funds

Nuveen Quality Municipal Income Fund (NAD) and Nuveen AMT-Free Quality Municipal Income Fund (NEA) are nearly identical municipal bond CEFs with highly correlated NAVs. Currently, NEA trades at a 120 basis point tighter discount than NAD, compared to the average discount values. This creates a mispricing opportunity for a pair trade. Historical NAV correlation (99.7%) and mean reversion patterns suggest NAD is undervalued by $0.14–$0.15 relative to NEA.

A Pair Trade Opportunity By Nuveen Quality Municipal Income Funds

NEA: Really Sweet Return, Now Manage Expectations (Rating Downgrade)

Nuveen AMT-Free Quality Muni has delivered strong double-digit returns, closely tracking equity market performance over the past year. NEA's valuation has shifted from a 5% NAV discount to a slight premium, reducing its relative attractiveness for new capital deployment. While the muni market backdrop remains supportive, the absence of a discount prompts a more discerning approach to entry points.

NEA: Really Sweet Return, Now Manage Expectations (Rating Downgrade)

NEA: A Rate-Cut Cycle Income Diversifier

Nuveen AMT-Free Quality Muni is rated BUY, offering a 7.2% yield and attractive tax-free income amid a shifting rate environment. NEA stands out as a strong income portfolio candidate, benefiting from the Fed's rate cuts and potential for price appreciation as rates fall. Tax advantages of NEA's distributions enhance total return, making it especially appealing for high-tax-bracket and retirement-focused investors.

NEA: A Rate-Cut Cycle Income Diversifier

NEA: After The Pullback, I'm A Bull Again (Rating Upgrade)

Nuveen AMT-Free Quality Muni aims to provide tax-exempt income by investing in a diversified portfolio of municipal securities. I recently adopted a cautious outlook on NEA due to unsustainable gains and reliance on return of capital for distributions, and that was the right call in 2025. But I see a brighter picture ahead given the discount to NAV, the 8% yield, and the improvement of Illinois' fiscal picture.

NEA: After The Pullback, I'm A Bull Again (Rating Upgrade)

NEA: I Simply Don't Like Return Of Capital As Distribution

Nuveen AMT-Free Quality Muni Inc offers tax-free muni bond income, appealing for high marginal tax rate investors, but half its distribution is return of capital, not true income. Leverage boosts yield, but the main concern is headline yield being inflated by returning investors' own capital, not just coupon income. I prefer funds that distribute only income, not capital, as this is more transparent and better aligns with sophisticated investor interests.

NEA: I Simply Don't Like Return Of Capital As Distribution

NEA: The Risk-Reward Has Gotten A Little Less Attractive (Rating Downgrade)

Evaluating Nuveen AMT-Free Quality Municipal Income Fund as an investment at its current market price, focusing on tax-exempt municipal securities. Previously rated as a buy in mid-2024 due to income boost and discount to NAV, which proved to be accurate. I am now shifting to a more cautious stance. This is primarily due to a shrinking of the discount and a large reliance on ROC for the fund's distribution.

NEA: The Risk-Reward Has Gotten A Little Less Attractive (Rating Downgrade)

NEA: Income Boosts Keep Boosting The Market Price

The fund saw another income boost to start the month of June. The muni yield curve is upward sloping, providing a distinct advantage over similarly dated treasury bonds. NEA still has a large discount to NAV, which could entice value-oriented buyers.

NEA: Income Boosts Keep Boosting The Market Price

See News Rankings

Price charts implemented using Lightweight Charts™