Nuveen AMT-Free Quality Municipal Income Fund (NEA)
Company Info
| ISIN | US6706571055 |
|---|---|
| Sector | Financial Services |
| Industry | Asset Management |
Highlights
Expense Ratio
NEA has a high expense ratio of 1.41%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: NEA vs. HYD, NEA vs. HYGV, NEA vs. USAUX, NEA vs. VTEB
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuveen AMT-Free Quality Municipal Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Nuveen AMT-Free Quality Municipal Income Fund had a return of 12.71% year-to-date (YTD) and 23.70% in the last 12 months. Over the past 10 years, Nuveen AMT-Free Quality Municipal Income Fund had an annualized return of 4.00%, while the S&P 500 had an annualized return of 10.88%, indicating that Nuveen AMT-Free Quality Municipal Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.71% | 18.10% |
| 1 month | 2.62% | 1.42% |
| 6 months | 11.12% | 9.39% |
| 1 year | 23.70% | 26.58% |
| 5 years (annualized) | 1.41% | 13.42% |
| 10 years (annualized) | 4.00% | 10.88% |
Monthly Returns
The table below presents the monthly returns of NEA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.66% | -0.34% | 1.56% | -3.43% | 2.64% | 6.11% | 1.25% | 1.24% | 12.71% | ||||
| 2023 | 2.34% | -6.96% | 3.68% | 0.22% | -3.21% | 2.29% | 0.32% | -4.17% | -6.96% | -1.82% | 12.51% | 4.08% | 0.75% |
| 2022 | -9.26% | 0.78% | -6.73% | -4.78% | 1.65% | -6.41% | 8.71% | -5.43% | -11.11% | -2.24% | 13.06% | -1.77% | -23.32% |
| 2021 | -0.01% | -3.21% | 2.61% | 1.95% | 1.99% | 3.07% | 1.45% | 0.43% | -3.99% | 0.32% | 1.11% | 2.42% | 8.16% |
| 2020 | 2.88% | -0.11% | -7.35% | -4.28% | 7.89% | 0.63% | 5.02% | -2.24% | 1.67% | 0.34% | 3.49% | 2.63% | 10.07% |
| 2019 | 4.91% | 2.05% | 2.63% | 0.11% | 1.90% | 2.55% | 2.78% | 1.79% | 0.16% | -0.40% | -0.33% | 2.37% | 22.42% |
| 2018 | -4.91% | 0.52% | 0.22% | -1.17% | 2.41% | 0.18% | 0.26% | 0.10% | -1.83% | -3.76% | 2.92% | -0.54% | -5.72% |
| 2017 | 0.16% | 1.22% | 0.18% | 1.81% | 1.80% | 0.23% | 2.58% | 0.52% | -0.59% | -1.61% | 0.20% | 2.01% | 8.78% |
| 2016 | 0.31% | 1.32% | 2.32% | 3.40% | 0.90% | 2.47% | 1.22% | -0.78% | -1.86% | -5.37% | -3.81% | 1.85% | 1.58% |
| 2015 | 4.05% | -2.67% | 0.42% | 1.57% | -4.15% | -4.09% | 2.39% | -0.44% | 1.81% | 2.25% | 0.32% | 5.13% | 6.29% |
| 2014 | 7.90% | 2.08% | -0.85% | 3.55% | 2.77% | -0.60% | -1.60% | 2.52% | 1.03% | 2.13% | -0.82% | 2.36% | 22.09% |
| 2013 | 3.55% | -1.46% | -1.94% | 0.33% | -8.31% | -3.08% | -4.84% | 0.66% | 2.95% | -0.40% | -2.20% | 0.67% | -13.74% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of NEA is 89, placing it in the top 11% of stocks on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen AMT-Free Quality Municipal Income Fund (NEA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen AMT-Free Quality Municipal Income Fund granted a 5.48% dividend yield in the last twelve months. The annual payout for that period amounted to $0.65 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.65 | $0.44 | $0.62 | $0.70 | $0.67 | $0.64 | $0.66 | $0.73 | $0.76 | $0.79 | $0.82 | $0.82 |
Dividend yield | 5.48% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.69% | 5.69% | 5.93% | 6.77% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.07 | $0.07 | $0.07 | $0.07 | $0.53 | |||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2022 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.62 |
| 2021 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.70 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.67 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.64 |
| 2018 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.66 |
| 2017 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.73 |
| 2016 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.06 | $0.76 |
| 2015 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.79 |
| 2014 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.82 |
| 2013 | $0.07 | $0.07 | $0.07 | $0.07 | $0.14 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.82 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 43.85%, occurring on Oct 10, 2008. Recovery took 237 trading sessions.
The current Nuveen AMT-Free Quality Municipal Income Fund drawdown is 14.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -43.85% | Feb 13, 2008 | 168 | Oct 10, 2008 | 237 | Sep 21, 2009 | 405 |
| -36.57% | Sep 16, 2021 | 529 | Oct 23, 2023 | — | — | — |
| -25.05% | Mar 9, 2020 | 8 | Mar 18, 2020 | 165 | Nov 10, 2020 | 173 |
| -22.84% | Dec 3, 2012 | 176 | Aug 14, 2013 | 351 | Jan 6, 2015 | 527 |
| -18.12% | Sep 13, 2010 | 88 | Jan 14, 2011 | 223 | Dec 2, 2011 | 311 |
Volatility
Volatility Chart
The current Nuveen AMT-Free Quality Municipal Income Fund volatility is 1.30%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Financials
Financial Performance
Historical P/E Ratio Chart
The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Nuveen AMT-Free Quality Municipal Income Fund.
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Income Statement
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