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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 670657105
- Market Cap
- Large Cap
- IPO
- 11/22/2002 · $15.00/share
- Previous Name
- Nuveen Insured Tax-Free Advantage Municipal Fund
- Parent Company
- Nuveen Investments, Inc.
Nuveen Investments, Inc. (JNC*)
Fund Description: Nuveen AMT-Free Quality Municipal Income Fund, formerly Nuveen Insured Tax-Free Advantage Municipal Fund, is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The Nuveen AMT-Free Quality Municipal Income Fund seeks to provide current income exempt from regular federal income tax and the alternative minimum tax applicable to individuals and to enhance portfolio value relative to the municipal bond market. <p> FUND STRATEGY: The Fund invests in municipal securities that are exempt from federal income taxes, including the alternative minimum tax (AMT). The Fund invests at least 80% of its managed assets in municipal securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The Fund uses leverage. <p> FUND MANAGEMENT: Nuveen Asset Management serves as the investment advisor to the Fund.
Notes: August 22, 2016 -- Nuveen, an operating division of TIAA Global Asset Management, today announced that shareholders of three national municipal closed-end funds have approved plans to merge the funds into NEA which will have a name change to Nuveen AMT-Free Quality Municipal Income Fund The three Funds to be merged will be Nuveen Municipal Market Opportunity Fund, Inc. (NMO), Nuveen Premium Income Municipal Fund 2, Inc. (NPM), and Nuveen Performance Plus Municipal Fund, Inc. (NPP).
Company Contact
- Headquarters
- 333 West Wacker Drive, Chicago, IL 60606
- Phone
- 312-917-7700 · Toll-Free 800-257-8787
- Investor Relations
- Dimitrios N. Stathopoulos · 312-817-7794 · Dimitrios.Stathopoulos@Nuveen.com