Nuveen AMT-Free Quality Muni Inc:NEA

    Manage Alerts

    Overview

    As of 11/27/2023

     Share
    Price    		NAVPremium/
    Discount
    Current$10.49$12.21-14.09%
    52 Wk Avg$10.75$12.43-13.60%
    52 Wk High$11.79$13.12-7.11%
    52 Wk Low$9.20$11.15-17.55%
    Regular Distribution Type†Income Only
    Distribution Rate4.86%
    Distribution Amount$0.0425
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund will invest at least 80% of its Assets in municipal securities and other related investments that pay interest exempt from regular federal income tax. The Fund will invest 100% of its Managed Assets in municipal securities and other related investments the income from which is exempt from the federal alternative minimum tax applicable to individuals at the time of purchase.The Fund generally invests in municipal securities with long-term maturities in order to maintain an average effective maturity of 15 to 30 years.

    Capital Structure

    As of 11/27/2023

    Total Investment Exposure:$6,126.742M
    Total Common Assets:$3,650.697M
    Common Shares Outstanding:298,992,392
    Leverage

    As of 11/27/2023

    Preferred Share Assets: $2,371.300M
    Total Debt (USD): $104.745M
    Regulatory Leverage (USD): $2,371.300M
    Effective Leverage (USD): $2,476.045M
    Effective Leverage (%): 40.41%
    Annual Expense Ratios

    As of 10/31/2023

      Per Common Share
    Management Fees0.90%
    Other Expenses:0.36%
    Baseline Expense: N/A
    Interest Expense:0.75%
    Total: 2.01%
    Fund Management

    Fund Sponsor
    Nuveen Fund Advisors, LLC.

    Portfolio Managers
    Stephen J Candido, Michael S. Hamilton

    Basics
    Category: Fixed Income - Municipal-Municipal
    Ticker: NEA
    NAV Ticker: XNEAX
    Average Daily Volume (shares): 908,571
    Average Daily Volume (USD): $9.731M
    Inception Date: 11/21/2002
    Inception Share Price: $15.00
    Inception NAV: $14.30
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 11/27/2023

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    to
    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions†
    Avg. Earnings Per Share:
    As of 4/30/2023    		 $0.2326
    Annualized Distribution Rate on NAV:
    As of 11/27/2023    		4.18%
    Total Return on NAV (12 months):
    As of 11/27/2023    		0.51%
    Avg. Portfolio Coupon:
    As of 11/27/2023    		 4.87%
    Total % Portfolio Effectively Leveraged:
    As of 11/27/2023     		40.41%

    For the latest UNII information on this fund, please visit the Nuveen fund resources.

    Taxable Equivalent Yield

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 11/28/2023

    PeriodAvg Discount
    6 Month-14.88%
    1 Year-13.60%
    3 Year-8.53%
    5 Year-8.96%
    Z-Score

    As of 11/27/2023

    PeriodZStat
    3 Month1.09
    6 Month0.71
    1 Year-0.26
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 10/31/2023
    Category: Morningstar US CEF Municipal

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-13.97%-7.54%-10.51%-6.29%
    2022-23.30%-18.01%-23.58%-17.79%
    20218.17%3.57%7.96%4.69%
    202010.09%7.39%6.21%5.83%
    201922.42%12.17%19.04%10.34%
    2018-5.73%-0.24%-5.46%0.49%
    20178.77%10.43%7.59%7.85%
    20161.62%0.19%1.16%0.57%
    20156.32%5.17%7.75%5.33%
    201422.11%19.34%19.16%18.97%
    2013-13.71%-7.64%-12.56%-6.88%
    20127.37%8.93%12.59%15.20%
    201115.94%13.52%20.50%16.78%
    20101.90%1.70%  
    200941.73%24.33%  
    2008-23.34%-11.77%  
    20075.10%3.11%  
    200613.39%6.53%  
    20053.93%5.48%  
    2004-5.38%5.03%  
    20038.73%8.77%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 10/31/2023
    Category: Morningstar US CEF Municipal

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 11/27/2023    		4.87%
    Number of Holdings:
    As of 10/31/2023    		1199
    Annual Portfolio Turnover:
    As of 10/31/2023    		36.00%
    Pre-Refunded:
    		7.50%
    Average Bond Price:
    As of 10/31/2023    		$91.64
    Asset Allocation

    As of 10/31/2023

    Top Sectors

    As of 10/31/2023

    Sector%Portfolio
    Municipal (Super Sector)99.64%
    US Municipal Tax Advantaged99.63%
    Cash Equivalents0.36%
    Cash Equivalents (Super Sector)0.36%
    Municipal0.02%
    Call Exposure

    As of 10/31/2023

    State Allocation

    As of 10/31/2023

    State% Portfolio
    Illinois8.30%
    Colorado7.89%
    Michigan6.69%
    Texas5.92%
    New York5.06%
    Florida4.17%
    California4.11%
    New Jersey4.00%
    Missouri3.22%
    Pennsylvania3.19%
    Top Holdings

    As of 10/31/2023

    HoldingValue% Portfolio
    TEXAS TRANSN COMMN CENT TEX TPK SYS REV 5%$41.74M0.74%
    METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 6.5%$34.34M0.61%
    E 470 PUB HWY AUTH COLO REV 0%$33.90M0.60%
    BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%$33.39M0.59%
    SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5%$33.25M0.59%
    NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4%$31.97M0.57%
    E 470 PUB HWY AUTH COLO REV 0%$33.90M0.60%
    ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5%$29.37M0.52%
    COLORADO HEALTH FACS AUTH REV 4%$27.25M0.48%
    GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV 5%$27.20M0.48%
    Credit Quality

    As of 10/31/2023

    Maturity Breakdown

    As of 10/31/2023

    Country Allocation

    As of 10/31/2023

    Country% Portfolio
    United States - Fixed Income98.42%
    Others - Fixed Income1.22%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    † Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    TAXABLE EQUIVALENT YIELD
    1 Taxable equivalent yield is the yield or distribution rate needed from a taxable investment to be economically equal to receiving the stated tax-free yield from a municipal bond investment. Please note that the income levels shown in the calculator do not reflect (i) any federal or state limitations on the amounts of allowable itemized deductions, phaseouts of personal or dependent exemption credits or other allowable credits, (ii) any local taxes imposed, or (iii) any alternative minimum taxes or any taxes other than personal income taxes. The user is responsible for selecting the applicable federal and, as applicable, state tax rates. The stated federal tax rates for joint incomes over $250,000 include the 3.8% medicare tax imposed on the net investment income of certain taxpayers with higher incomes. This calculator is for illustrative purposes only and is not intended to represent actual performance, or to predict future performance, of any Nuveen Investments product. Certain taxpayers may find their effective marginal tax rates to be greater than those shown in the calculator. In that case, the taxable equivalent yield may be even higher.

    The Tax Cuts and Jobs Act of 2017 doubles the standard deduction and implements a limit for itemizing state and local income taxes, state and local property taxes, and sales taxes on 2018 tax filings. Since it is expected that fewer investors will deduct state income taxes for federal filing purposes, this calculator does not contemplate a federal benefit for state taxes paid, and the effective tax rate therefore represents the applicable federal income tax rate plus the applicable state income tax rate. If you itemize your deductions and have not exceeded your cap on deducting state taxes, your taxable equivalent yield will generally be lower than the rate calculated above.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    E-2949862P-E0623W

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