NEA - Nuveen AMT-Free Quality Municipal Income Fund
A closed-end fund run by Nuveen. Invests in tax-free municipal bonds. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
Not right now - Karpus was in this fund until Oct 2, 2024 and has since sold down.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
Karpus owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.
Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.
What happened, and when
-
Aug 31, 2026
The fund said it may sell new shares.
Original document → -
May 1, 2026
The fund said it will repay some borrowed money on June 2, 2026.
Original document → -
Feb 17, 2026
The fund said it may sell new shares.
Original document → -
Feb 13, 2026
The fund said it may sell new shares.
Original document → -
Oct 31, 2025
The fund said it will repay some borrowed money on Dec 1, 2025.
Original document →
Show all 16 events
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April 28, 2025
The fund said it will repay some borrowed money on May 28, 2025.
Original document → -
Oct 28, 2024
The fund said it will repay some borrowed money on Nov 27, 2024.
Original document → -
Oct 2, 2024
Karpus sold down below 5% and stopped reporting.
Original document → -
Sept 30, 2024
Karpus cut its stake to 5.2% (from 6.3%). It has said it may push for changes.
Original document → -
Sept 12, 2024
Karpus cut its stake to 6.3% (from 7.4%). It has said it may push for changes.
Original document → -
Aug 15, 2024
Karpus cut its stake to 7.4% (from 8.4%). It has said it may push for changes.
Original document → -
June 4, 2024
Karpus filed an updated notice; it still owns 8.4%. It has said it may push for changes.
Original document → -
June 3, 2024
Karpus filed an updated notice; it still owns 8.5%. It has said it may push for changes.
Original document → -
May 31, 2024
Karpus raised its stake to 8.4% (from 8.1%). It has said it may push for changes.
Original document → -
March 4, 2024
Karpus raised its stake to 8.1% (from 7.9%). It has said it may push for changes.
Original document → -
Jan 8, 2024
Karpus now owns 7.9%. It has said it may push for changes.
Original document →
About this fund
- Run by Nuveen Fund Advisors, LLC. Part of the Nuveen fund family. As of Oct 31, 2025, from the fund's yearly report. Original document →
- Size: about $3.46 billion of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund borrows about 41% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. About 78% of that is money the fund has borrowed by selling preferred shares. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 0.5% a year in management fees; 3.5% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
- Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $0.87 a share. $0.48 of that was income; $0.39 was your own money back, not income. As of Oct 31, 2025, from the fund's annual report. Original document →
- Value of holdings per share at the last fiscal year end (Oct 31, 2025): $11.80. The shares traded at $11.65, about 1.3% below that. As of Oct 31, 2025, from the fund's yearly report. Original document →
- How the holdings did: up 0.6% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +7.2%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
- How the holdings did over the fiscal year (ended Oct 31, 2025): the value of the holdings returned +2.5%. How the share price did: the shares returned +8.5% over the same year, counting payouts and the change in the market price. As of Oct 31, 2025, from the fund's annual report. Original document →
- First reported to the regulator in 2002.
What the fund holds
Almost all tax-free municipal bonds (100%). About 100% issued in the U.S.
- E-470 Public Highway Authority, Colorado, Senior Revenue Bonds - 2.3%
- Lamar Consolidated Independent School District, Fort Bend County, Texas, General Obligation Bonds, Schoolhouse - 1.2%
- Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior L - 0.9%
- New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding - 1.8%
- Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1 - 0.9%
- Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds - 0.9%
- Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien - 0.9%
- Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated Group - 0.8%
- Wisconsin Housing and Economic Development Authority, Home Ownership Revenue Bonds, Social - 0.8%
- Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Senior Lien - 0.8%
Show all 23
- Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of Miami - 0.8%
- New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, General Purpose - 0.8%
- New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas Health Obligated Group, Refunding - 0.8%
- New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal Series 2024G-1 - 0.8%
- Charleston County Airport District, South Carolina, Airport Revenue Bonds - 0.8%
- Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2 - 0.8%
- Massachusetts State, General Obligation Bonds, Consolidated Loan - 0.7%
- District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds - 0.7%
- Illinois Finance Authority, Revenue Bonds, Ascension Health Alliance - 0.7%
- Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health - 0.7%
- Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose - 0.7%
- New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 - 0.7%
- Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds - 0.7%
As of April 30, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| Oct 2, 2024 | Karpus | 5% | Sold down below 5% |
| Sept 30, 2024 | Karpus | 5.2% | Updated notice |
| Sept 12, 2024 | Karpus | 6.3% | Updated notice |
| Aug 15, 2024 | Karpus | 7.4% | Updated notice |
| June 4, 2024 | Karpus | 8.4% | Updated notice |
| June 3, 2024 | Karpus | 8.5% | Updated notice |
| May 31, 2024 | Karpus | 8.4% | Updated notice |
| March 4, 2024 | Karpus | 8.1% | Updated notice |
| Jan 8, 2024 | Karpus | 7.9% | Updated notice |
| Date | What | Deadline | Document |
|---|---|---|---|
| Aug 31, 2026 | May sell new shares | none | Original document → |
| May 1, 2026 | Repaying borrowed money | June 2, 2026 | Original document → |
| Feb 17, 2026 | May sell new shares | none | Original document → |
| Feb 13, 2026 | May sell new shares | none | Original document → |
| Oct 31, 2025 | Repaying borrowed money | Dec 1, 2025 | Original document → |
| April 28, 2025 | Repaying borrowed money | May 28, 2025 | Original document → |
| Oct 28, 2024 | Repaying borrowed money | Nov 27, 2024 | Original document → |
- Run by
- Nuveen Fund Advisors, LLC
- Fund family
- Nuveen Funds
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-21213
- Auditor
- PricewaterhouseCoopers LLP
- Fiscal year end
- Oct 31, 2025
- Number of holdings
- 1,091
- Preferred share classes
- 3
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