Is NEA a Friend, Question Mark or Foe?

NEA is classified a Question Mark under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the NEA distribution?

A Question Mark is an income asset with a mixed or incomplete quality record — some income-quality signals are strong while others are weak, or the available history is too short to classify with confidence. It warrants a closer look rather than a conclusion.

Home › IQ Score › NEA

Public snapshot

NEA Income Quality Score

Name: NEA Income Quality Score
Creator: Income Quality Score
Keywords: NEA income quality, NEA dividend quality, NEA dividend safety, NEA distribution history, NEA dividend score, NEA analysis, Nuveen AMT-Free Quality Municipal Income Fund dividend

Nuveen AMT-Free Quality Municipal Income Fund (NEA) has an Income Quality Score of 51/100, classified as a Question Mark with high confidence, based on a 10-year income and total-return history.

Nuveen AMT-Free Quality Municipal Income Fund (NEA) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of June 30, 2026Lookback: 10-year

Explore More IQ Scores Get Monthly IQ Score Updates

Long-term focused10-year income and total-return analysis

Data-drivenObjective scoring across 5 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

51/100

Question MarkHigh confidence

Asset Type

CEF

Exchange

NYSE

Trailing Yield (TTM)

Not published

No normalized trailing yield is published for closed-end funds in this snapshot.

Rank in CEF Universe

188 of 358

Lookback

10-year

Data as of

June 30, 2026

How the IQ Score works →

About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

Read about data freshness →

Follow NEA and 700+ Other Income Tickers

Get a free monthly email as new public IQ Score snapshots are released — new Friends, downgrades and distribution changes across the income universe.

Get Monthly IQ Score Updates

NEANuveen AMT-Free Quality Municipal Income Fund

51Question MarkHigh confidence

Snapshot: 2026-06
Data as of: 2026-06-30
Lookback: 10-year
Asset type: Closed-End Fund

IQ Score History

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage

42/100

Working Capital Preservation

61/100

Distribution Cut Score

40/100

Distribution Trend

44/100

NAV CAGR

68/100

What is working

Working capital preserved over time
Stable NAV over available history

What to watch

1–2 years with a material annual distribution decline

Distribution Safety

8Years raised

2Years cut

24Years of data

RisingCurrent trend

High confidence (10-year history)

20030.9353Held
20040.9247Lower total
20050.7915Lower total
20060.732Lower total
20070.708Lower total
20080.708Held
20090.747Raised
20100.816Raised
20110.824Held
20120.838Raised
20130.7512Lower total
20140.8226Raised
20150.7904Lower total
20160.7605Lower total
20170.7325Lower total
20180.6645Lower total
20190.642Lower total
20200.672Raised
20210.7021Raised
20220.624Cut
20230.435Cut
20240.7475Raised
20250.856Raised
20260.408Partial year

Distributions per year, from the frozen distribution-stability signal. “Lower total” means the calendar-year sum was smaller than the prior year (often a special-distribution rolloff or timing shift), but did not decline more than the engine's 10% material-decline threshold — see Years Cut above for years that did.

Explore More Income Quality Scores

Browse the full Income Quality Score research across CEFs, BDCs, REITs and income ETFs.

Browse All IQ Scores

IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.