NKX - Nuveen California AMT-FREE Quality Municipal Income Fund

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Sept 15, 2026

   The fund said it may sell new shares.

   Original document →

2. May 1, 2026

   The fund said it will repay some borrowed money on June 2, 2026.

   Original document →

3. Jan 16, 2026

   The fund said it may sell new shares.

   Original document →

4. Jan 13, 2026

   The fund said it may sell new shares.

   Original document →

5. Nov 19, 2025

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by Nuveen Fund Advisors, LLC. Part of the Nuveen fund family. As of Aug 31, 2025, from the fund's yearly report. Original document →
• Size: about $661 million of holdings, as of May 31, 2026. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 40% on top of its own money, as of May 31, 2026. Borrowed money makes gains and losses bigger. About 91% of that is money the fund has borrowed by selling preferred shares. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.6% a year in management fees; 3.8% a year in total, including interest on borrowed money. Fiscal year ended Aug 31, 2025. As of Aug 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Aug 31, 2025) the fund paid $0.91 a share. $0.49 of that was income; $0.42 was your own money back, not income. As of Aug 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Aug 31, 2025): $11.56. The shares traded at $11.82, about 2.3% above that. As of Aug 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 16.2% below to 5.2% above. As of Aug 31, 2025, from the fund's annual report. Original document →
• How the holdings did: down 0.9% over the last three months we have (March-May 2026), before the share price is taken into account. Over the last 12 months: +10.7%. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Aug 31, 2025): the value of the holdings returned -6.1%. How the share price did: the shares returned -4.6% over the same year, counting payouts and the change in the market price. As of Aug 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.

1. San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Governmental Purpose Second - 7.5%
2. Los Angeles, California, General Obligation Bonds, Tax & Revenue Anticipation Notes - 7.1%
3. Stockton Unified School District, San Joaquin County, California, General Obligation Bonds, Election 2008 - 11%
4. Los Angeles County, California, Tax and Revenue Anticipation Notes, Series 2025-26 - 3.7%
5. California Community Choice Financing Authority, Clean Energy Project Revenue Bonds, Green Series 2021B-1 - 3.1%
6. Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1 - 2.6%
7. Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1 - 2.4%
8. California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding - 2.4%
9. San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds, Regional Water & Local Water - 2.4%
10. University of California, General Revenue Bonds, Limited Project - 3.9%

As of May 31, 2026, from the fund's quarterly holdings report. Original document →