Nuveen New York AMT-Free Quality Municipal Income Fund Overview
Pro stress-test →NRK was formed on July 29, 2002 and is a closed-end management investment company. Its investment objectives are to provide current income exempt from regular federal, New York State and New York City income taxes and from the federal alternative minimum tax (AMT) applicable to individuals. Managed by Nuveen Asset Management LLC, a subsidiary of TIAA that specializes in municipal bond investing.
Strategic Profile
Pro stress-test →The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better. NRK is the only AMT-free offering in the New York peer category. The fund has a dividend yield of 7.8% as of May 2026.
Competitive Landscape
Pro stress-test →NRK is the only AMT-free offering in the New York peer category, competing with other New York municipal bond closed-end funds and traditional municipal bond ETFs. The fund differentiates itself through its unique AMT-exemption feature and focus on quality, insured securities.
Industry Context
Nuveen New York AMT-Free Quality Municipal Income Fund operates in Closed-End Municipal Bond Funds / Fixed Income Management.
Key facts
Founded: 2002 · Headquarters: New York, US