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Nuveen AMT-Free Quality Municipal Income Fund (NEA)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of Sept. 29, 2023
Market Price $9.68 (+ $0.07)
NAV (Sept. 29, 2023) $11.56 (+ $0.05)
Fund Listed NYSE
Premium / Discount -16.26% (+0.24%)
Fund Info
Inception Nov. 22, 2002
Sponsor Nuveen Fund Advisors
Phone 800-257-8787
Location Illinois
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: Current income exempt from regular federal income tax and the alternative minimum tax; investment grade municipal securities
Related Indexes
15 Major CEF Sectors Index
National Municipal Bond Index
Tax-Sensitive Income Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 299,037,392
Total Assets (Reported: Aug. 30, 2023) $6,199M
Estimated Total Assets $5,827M
Net Assets $3,457M
Market Cap $2,895M
Portfolio Turnover 8.00%
Total Leverage 40.68%
Structural Leverage (out of total) 93.85%
Portfolio Leverage (out of total) 6.15%
Expense Ratio 3.44%
Non Lev Exp Ratio 0.97%
Rel Lev Cost 3.60%
Discount Data
Average Discount (3 Yr) -8.14%
Discount Low(3 Yr) -17.55%
Discount High(3 Yr) -0.12%
Discount Rel Range (3 Yr) 7.39%
Comp Discount -3.23
Discount St Dev (1Yr) 2.09
Z-Stat (6mo) -1.82
Z-Stat (1Yr) -1.66
Z-Stat (3Yr) -2.06
Comp Z-Stat (6mo) 0.07
Comp Z-Stat (3Yr) -0.31
Distribution Data
Market Yield 4.34%
Income Yield 4.34%
Lev Adj NAV Yield 2.58%
Distribution Frequency M
Current Distribution $0.035
Current Income $0.035
Ex-Date 9/14/23
Payable Date 10/2/23
Div Growth (3yr) -38.05%
Dividend Change -21.3% on 1/3/23
Expected Div 10/2/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $8,155
Avg Volume 30 day 1,228,916
Avg Volume 90 day 842,419
Volume Trend 45.88%
Comp Volume Trend 23.00%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
Most Correlated Peer (Mk Pr): NAD 93.0%
NAV - Price Correlation (30 d) 96.6%
NAV - Price Correlation (90 d) 98.1%
NAV - Price Correlation (1 Yr) 77.3%
Price St Dev (1Yr) 11.8%
NAV St Dev (1Yr) 7.6%
Earnings / Share (8/31/23) $0.034
Earn Coverage 96.86%
Earnings Trend Up
UNII / Share (8/31/23) $-0.008
Rel UNII -1.93
UNII Trend Down
Bond Specific Data
Maturity 18.39
Duration 14.44
Credit Rating (rbo) A
Investment Grade 83.90%
Non Investment Grade 3.10%
Unrated Bonds 13.10%
Average Bond Price 91.80
Discount vs Price -24.46
Coupon 4.86%
Zero Coupon 11.13%
AMT 0.00%
AMT Yield 4.34%
Bond Calls Risk 9.80%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index

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

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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