Nuveen AMT-Free Quality Municipal Income Fund

Nuveen AMT-Free Quality Municipal Income Fund

Actively managed U.S. bond closed-end fund
$3.46B NAV
1,091 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 Quality Municipal 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
Investment grade
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

166.01%
of net assets
Bonds166.01%

These positions come to 166.01% 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: 8 new25 exited

New: Lamar Consolidated Independent School District, Fort Bend County, Texas, General Obligation Bonds, Schoolhouse Series 2026, New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal Series 2024G-1, Warren County, Kentucky, Hospital Revenue Bonds, Bowling Green-Warren County Community Hospital Corporation, Series 2024, Pennsylvania Economic Development Financing Authority, Revenue Bonds, University of Pittsburgh Medical Center, Series 2026A, Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Meritus Medical Center Inc Series 2025, Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Facilities Department, Refunding First Lien Series 2026C, Northpoint Infrastructure Financing District, Salt Lake City, Salt Lake County, Utah, Special Assessment Bonds Northpoint Assessment Area, Series 2026, Downtown Daybreak Public Infrastructure District 1, Utah, Tax Increment Revenue Bonds, Series 2026

Largest exited: Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Aspirus Inc., Series 2025, Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Series 2008U-6E, Port of Houston Authority, Harris County, Texas, Revenue Bonds, First Lien Series 2023, University of Vermont and State Agricultural College, General Obligation Bonds, Series 2015, Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E, Harris County, Texas, Toll Road Revenue Bonds, Refunding First Lien Series 2024A, Clark County, Nevada, General Obligation Bonds, Stadium Improvement, Limited Tax Additionally Secured by Pledged Revenues, Series 2018A, Miami-Dade County School District, Florida, General Obligation Bonds, School Series 2022A

Return profile

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

1-year
+7.24%
3-year
+8.73%
5-year
-5.41%
Volatility
7.32%
Worst 3-yr fall
-10.90%
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
4.36%
Avg maturity
19.46 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.

1%
floating
Fixed rate98.9%
Floating rate1.1%
Maturity ladder

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

<1y10y+
<1y1.5%
1-3y1.1%
3-5y2.7%
5-10y8.3%
10y+86.4%
Flagged holdings
Defaulted: 0.02% · $1.14M · 26 positions
In arrears: 0.01% · $0.34M · 2 positions
Paid in kind: 0.00% · $0.06M · 1 positions

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
13.25 yr
approx. move per 100bp
Credit-spread duration
11.66 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.

≈ -25.0%
of value
Interest rates53%
Credit spreads47%

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.

+11.66
yrs total
Investment grade+11.01 yr
High yield+0.65 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 rate13.25 yr total
3 mo30 yr
3 mo0.20 yr2%
1 yr0.70 yr5%
5 yr1.95 yr15%
10 yr6.31 yr48%
30 yr4.09 yr31%
Credit spread11.66 yr total
3 mo30 yr
3 mo0.02 yr0%
1 yr0.09 yr1%
5 yr0.43 yr4%
10 yr4.27 yr37%
30 yr6.85 yr59%

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+0.20+0.02+0.00$6.1k$11
1 yr+0.70+0.09+0.00$31.9k$98
5 yr+1.95+0.42+0.01$144.7k$3.2k
10 yr+6.31+4.05+0.22$1.40m$76.0k
30 yr+4.09+6.43+0.42$2.23m$145.4k

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
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B0.00% · due 2030-09-011.16%$40.31M
Lamar Consolidated Independent School District, Fort Bend County, Texas, General Obligation Bonds, Schoolhouse Series 20265.25% · due 2061-02-151.16%$40.25M
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B0.00% · due 2033-09-011.13%$39.19M
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior L6.50% · due 2041-10-010.94%$32.50M
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006C0.00% · due 2035-12-150.93%$32.19M
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-15.00% · due 2058-07-010.91%$31.63M
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2019A5.00% · due 2049-05-150.86%$29.84M
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006C0.00% · due 2033-12-150.86%$29.67M
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015A5.00% · due 2040-01-010.85%$29.49M
Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated Group, Series 2021A4.00% · due 2050-11-150.85%$29.40M
Showing 10 of 1,091Sign in to see more

Top 10 positions are 9.66% of net assets, top 25 20.88%, across 825 issuers.

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