NRK Profile
Nuveen New York AMT-Free Quality Municipal Income Fund, a closed-ended fixed income mutual fund managed by Nuveen Investments, Inc., seeks to capitalize on opportunities in New York's fixed income markets. Co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, the fund specializes in investing in undervalued municipal securities and related instruments. These investments, backed by insurers with strong claims-paying abilities, offer income exempt from regular federal and New York state income taxes. They typically carry ratings of Baa, BBB or higher, with an average maturity of approximately 15.98 years.
Employing a fundamental analysis approach with a bottom-up stock picking strategy, Nuveen New York AMT-Free Quality Municipal Income Fund meticulously constructs its portfolio. The fund benchmarks its performance against two indices: the Standard & Poor's (S&P) New York Municipal Bond Index and the Standard & Poor's (S&P) Insured National Municipal Bond Index. Previously known as Nuveen New York AMT-Free Municipal Income Fund, it was established on July 29, 2002, and is domiciled in the United States.
Nuveen Investments, Inc., renowned for its expertise in managing municipal bond funds, leverages its extensive experience and research capabilities to enhance investor returns while managing risks effectively. The fund's focus on tax-exempt income from high-quality municipal bonds aligns with its objective of delivering stable returns to investors seeking reliable income streams. With Nuveen's robust investment management framework and commitment to rigorous due diligence, Nuveen New York AMT-Free Quality Municipal Income Fund remains a trusted choice for investors navigating New York's municipal bond market.
The fund's strategic investment philosophy and disciplined approach to portfolio management underscore its role as a key player in the municipal bond sector. Nuveen Investments, Inc. continues to uphold its legacy of providing tailored investment solutions that cater to the unique tax-exempt income needs of investors, reinforcing its position as a leader in the asset management industry.
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