Nuveen AMT-Free Quality Municipal Income Fund (NEA)

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Nuveen AMT-Free Quality Municipal Income Fund (NEA) is up 1.7% since the beginning of the year. At $11 per share, NEA is trading 3.4% below its 52-week high of $12. Investors who bought $1,000 worth of NEA shares 5 years ago would now be looking at an investment worth $996.

Nuveen AMT-Free Quality Municipal Income Fund (NEA) has returned 1.73% so far this year and 14.66% over the past 12 months. Over the last ten years, NEA has returned 2.97% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Nov 22, 2002, NEA's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.

Historically, 64% of months were positive and 36% were negative. The best month was Jan 2009 with a return of +15.2%, while the worst month was Sep 2008 at -18.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, NEA closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +17.3%, while the worst single day was Mar 18, 2020 at -13.3%.

Nuveen AMT-Free Quality Municipal Income Fund has an annualized alpha of 3.30%, beta of 0.21, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since November 25, 2002.

• This stock participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (26.28%) than losses (22.06%) - typical of diversified or defensive assets.
• Beta of 0.21 may look defensive, but with R2 of 0.07 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.07 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

NEA has a high expense ratio of 1.41%, indicating above-average management fees.

NEA ranks 78 for risk / return — better than 78% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Nuveen AMT-Free Quality Municipal Income Fund (NEA) and compare them to S&P 500 Index.

Nuveen AMT-Free Quality Municipal Income Fund provided a 7.23% dividend yield over the last twelve months, with an annual payout of $0.83 per share. The company has been increasing its dividends for 2 consecutive years.

The table displays the monthly dividend distributions for Nuveen AMT-Free Quality Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Nuveen AMT-Free Quality Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Nuveen AMT-Free Quality Municipal Income Fund was 43.83%, occurring on Oct 10, 2008. Recovery took 237 trading sessions.

The current Nuveen AMT-Free Quality Municipal Income Fund drawdown is 5.41%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Nuveen AMT-Free Quality Municipal Income Fund over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Nuveen AMT-Free Quality Municipal Income Fund is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.