NEA CEF is analyzed across 6 metrics including distributions, NAV discount, expense ratio, holdings, RSI, and MACD.
Nuveen AMT-Free Quality Municipal Income Fund (NEA) CEF Analysis
Nuveen AMT-Free Quality Municipal Income Fund — what kind of fund is this?
💰 This is a closed-end fund (CEF) specializing in municipal bonds, managed by Nuveen. It focuses on high-quality municipal bonds that are exempt from U.S. federal income tax and the Alternative Minimum Tax (AMT), and uses leverage to deliver monthly distributions, making it a tax-efficient income product.
Has the stock risen over the long term?
NEA Distribution Analysis
A key concern for CEF investors. Check yield, frequency, consistency, and trend at a glance.
| Ex-Date | Per-Share Amount | Yield at Time | Type |
|---|---|---|---|
| 2026-04-15 | $0.0680 | 7.90% | regular |
| 2026-03-13 | $0.0680 | 7.89% | regular |
| 2026-02-13 | $0.0680 | 7.82% | regular |
| 2026-01-15 | $0.0680 | 7.86% | regular |
| 2025-12-15 | $0.0680 | 7.42% | regular |
| 2025-11-14 | $0.0680 | 8.10% | regular |
| 2025-10-15 | $0.0680 | 8.19% | regular |
| 2025-09-15 | $0.0680 | 7.68% | regular |
| 2025-08-15 | $0.0730 | 8.76% | regular |
| 2025-07-15 | $0.0730 | 8.71% | regular |
| 2025-06-13 | $0.0730 | 8.77% | regular |
| 2025-05-15 | $0.0730 | 8.01% | regular |
Similar CEFs
Top CEFs by NAV in the same category (Closed-End Fund - Debt)
| Ticker | Fund Name | Net Assets | Distribution Rate | 1Y | 3Y | Price |
|---|---|---|---|---|---|---|
| NEA | (This Fund) | - | - | - | - | - |
| PDI | PIMCO Dynamic Income Fund | $7.3B | 16.62% | -16.9% | -16.5% | $15.88 |
| CSQ | Calamos Strategic Total Return Fund | $3.2B | 6.87% | +8.0% | +34.0% | $20.04 |
| JPC | Nuveen Preferred & Income Opportunities Fund | $2.9B | 9.88% | -4.5% | +19.3% | $7.69 |
| NAD | Nuveen Quality Municipal Income Fund | $2.7B | 7.27% | +4.8% | +3.9% | $11.63 |
| NVG | Nuveen AMT-Free Municipal Credit Income Fund | $2.7B | 7.69% | +6.1% | +5.4% | $12.32 |
| PTY | PIMCO Corporate & Income Opportunity Fund | $2.5B | 12.24% | -15.7% | -18.7% | $11.67 |
| NZF | Nuveen Municipal Credit Income Fund | $2.4B | 7.83% | +5.4% | +5.0% | $12.26 |
| GOF | Guggenheim Strategic Opportunities Fund | $2.2B | 20.84% | -30.3% | -34.2% | $10.48 |
4 Things to Check Before Investing in a CEF
Structural features unique to CEFs — and why distribution rate alone is not enough
NAV Discount / Premium
A CEF's market price does not always match its net asset value (NAV). A 10% discount means buying $1 worth of assets for 90 cents. As a rule, consider buying when the discount is wider than its long-term average and avoid funds trading at a premium (market price > NAV).
Leverage Ratio
Many CEFs use borrowed money to boost returns, typically with 20–40% leverage. When interest rates rise, borrowing costs increase, raising the risk of a distribution cut. If leverage is 30% or higher, be sure to factor in interest-rate risk.
Distribution Sources (ROC Share)
CEF distributions may include interest, dividends, capital gains, and Return of Capital (ROC). Persistently high ROC can erode NAV, increasing the likelihood of a distribution cut over time.
Total Expenses
CEF fees are often 1–2%, far higher than ETF fees of 0.03–0.5%. Including leverage costs, total expenses can exceed 3%. In some cases, high expenses offset much of the headline distribution rate.
FAQ
What kind of CEF is NEA?
NEA is a closed-end fund (CEF) that invests in Closed-End Fund - Debt.
What is the distribution yield of NEA?
NEA's distribution yield is approximately 7.32%, paid out on a regular basis.
What is the NAV of NEA?
NEA's NAV is $11.20, which can be compared to the market price to determine any discount or premium.
What are the assets under management of NEA?
NEA's assets under management (AUM) are approximately $3.4B.
What is the 52-week high and low for NEA?
NEA has recorded a 52-week high of $11.90 and a low of $10.67.
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