Nuveen New York AMT-Free Quality Municipal Income Fund (NRK)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett-and-Graham-style investor, I see NRK first as a closed-end municipal-bond vehicle, not an operating business with a durable moat. Its economics depend on credit selection, leverage, and the discount at which the shares trade. At the 2026-10-16 close of $9.38, the market cap was $913.4M and the fund yielded 8.38%, with a low beta of 0.66. That yield is the main attraction, but yield alone is not a margin of safety. FairStock's price-based figures show a P/E of 29.31 on EPS of $0.32, a P/B of 0.84, and a Graham Number of $7.38, putting the price 26.56% above that value. So the shares are below book but not cheap on earnings. Financial health is not reassuring: D/E is 0.70, Altman Z-Score is 1.23, and Piotroski F-Score is 1/9 per FairStock. Those numbers suggest leverage and weak safety, even for a fund. I cannot assess revenue or profit growth from the supplied data, and the Lynch category is none because there are only 0 years of filed results versus the three needed. The business quality is therefore modest, the moat is absent, and the growth trajectory is unproven. The 52-week range of $9.01-$10.90 shows the price near the low end, but that alone does not make it a bargain. I would need a wider asset discount or stronger coverage before calling it a Graham-style opportunity.

In plain English: Nuveen New York AMT-Free Quality Municipal Income Fund is a closed-end fund that invests in New York municipal bonds, mostly seeking income exempt from federal and New York income tax. The business looks mixed: it pays a high distribution and trades below its accounting book value, but its earnings valuation and safety scores look weak. Based on the figures given, the price does not look clearly cheap and appears expensive relative to its earnings-based value.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer