Nuveen AMT-Free Municipal Credit Income Fund

Nuveen AMT-Free Municipal Credit Income Fund

Actively managed U.S. bond closed-end fund
$2.72B NAV
1,097 positions · as of 2026-04-30 · filed 2026-06-24

Fund classification

Classified from what the fund holds · as of 2026 Q2

Nuveen AMT-Free Municipal Credit Income Fund is an actively managed U.S. bond closed-end fund.

Asset class
Bonds
Region
United States
Management
Actively managed
Fund type
Closed-end fund
Credit quality
Mixed credit
Rate sensitivity
Long duration

Fund profile

This fund files no prospectus profile. Unit investment trusts and closed-end funds register on forms that carry no objective or fee tagging, and some fund families file without it — a gap in what was filed, not a fund without an objective or without fees.

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

170.06%
of net assets
Bonds169.79%
Securitized0.26%
Loans0.01%

These positions come to 170.06% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 32 new38 exited

Largest new: New York City, New York, General Obligation Bonds, Fiscal 2022 Series D-3, Cedar Rapids Community School District, Linn County, Iowa, School Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2026, Richmond, Virginia, General Obligation Bonds, Public Improvement Series 2026A ×2, Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Variable Rate Series 2020, Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Refunding Project Second Lien Series 2026A, Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Variable Rate Demand Obligations, Series 2024I, Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Facilities Department, Refunding First Lien Series 2026C

Largest exited: Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2023D, Texas State, General Obligation Bonds, Transportation Commission Mobility Fund, Series 2006B, Dallas Independent School District, Dallas County, Texas, General Obligation Bonds, School Building Series 2026A, Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E, California Educational Facilities Authority, Revenue Bonds, University of Southern California, Series 2025A, South Carolina Association of Governmental Organizations, Certificates of Participation, Series 2025B, Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Variable Rate Demand Obligation Series 2005B-2, Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Refunding Senior Lien Series 2022B

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+7.62%
3-year
+12.54%
5-year
-3.60%
Volatility
8.53%
Worst 3-yr fall
-12.09%
Cumulative return· May 2023 – Apr 2026

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30

Avg coupon
4.18%
Avg maturity
19.54 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

5%
floating
Fixed rate95.0%
Floating rate5.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y10y+
<1y0.5%
1-3y2.3%
3-5y2.8%
5-10y9.6%
10y+84.7%
Flagged holdings
Defaulted: 0.52% · $23.90M · 13 positions
In arrears: 0.60% · $27.52M · 6 positions
Paid in kind: none reported

These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2

Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.

Interest-rate duration
14.77 yr
approx. move per 100bp
Credit-spread duration
13.39 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ -28.0%
of value
Interest rates52%
Credit spreads48%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+13.39
yrs total
Investment grade+10.90 yr
High yield+2.50 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate14.77 yr total
3 mo30 yr
3 mo0.21 yr1%
1 yr0.65 yr4%
5 yr2.04 yr14%
10 yr7.18 yr49%
30 yr4.67 yr32%
Credit spread13.39 yr total
3 mo30 yr
3 mo0.02 yr0%
1 yr0.10 yr1%
5 yr0.62 yr5%
10 yr4.81 yr36%
30 yr7.84 yr58%

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.21+0.02+0.00$6.3k$0
1 yr+0.65+0.10+0.00$27.6k$835
5 yr+2.04+0.55+0.07$149.5k$19.0k
10 yr+7.18+3.98+0.84$1.08m$227.1k
30 yr+4.67+6.25+1.59$1.70m$431.9k

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2006A0.00% · due 2046-06-151.59%$43.34M
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A5.25% · due 2056-12-011.54%$41.75M
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2007A0.00% · due 2052-06-011.46%$39.65M
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 13.00% · due 2048-06-011.44%$39.19M
New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2016BBB5.50% · due 2029-06-151.29%$34.93M
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B0.00% · due 2033-09-011.26%$34.29M
Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A5.00% · due 2046-09-011.17%$31.77M
Illinois Finance Authority, Revenue Bonds, Ascension Health Alliance, Series 2016C4.00% · due 2041-02-151.10%$29.84M
Illinois State, General Obligation Bonds, November Series 2017C5.00% · due 2029-11-011.09%$29.73M
Public Finance Authority of Wisconsin, Limited Obligation PILOT Revenue Bonds, American Dream @ Meadowlands Project, Series 20177.00% · due 2050-12-011.06%$28.94M
Showing 10 of 1,097Sign in to see more

Top 10 positions are 13.01% of net assets, top 25 25.44%, across 849 issuers.

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