NUVEEN NEW YORK AMT-FREE QUALITY MUNICIPAL INCOME FUND (NRK)

Thursday

9:37 AM

Thesis: The recent rise in interest rates has negatively impacted bond prices, leading to concerns about the fund's NAV and attractiveness to investors.

Revenue Outlook

Metric	FY2024	FY2025
Revenue	$77M	$74M
Rev. Growth	+1.3%	-3.7%
EPS	$0.37	$-0.88
EPS Growth	-56.5%	-338%
P/E	29.1×	—

What Moves the Stock

1Changes in interest rates affecting bond prices
2Municipal credit quality and default rates
3Tax policy changes impacting municipal bond attractiveness
4Investor sentiment towards municipal bonds
5Interest income from municipal bonds (100%)
6Tax-efficient investment strategies
7Increased focus on ESG municipal bonds

FY2025 Snapshot

Revenue: $74M
Rev. Growth: -3.7%
Gross Margin: 79.4%
Op. Margin: -76.4%
Net Margin: -104%
Net Income: $-77M
NI Growth: -337%
EPS: $-0.88
1Y Return: +17.9%

NRK Chart

My Notes

"Market conditions are challenging, and we must navigate rising rates carefully."
Moat: The fund's AMT-free status provides a competitive edge in attracting high-income investors.
value - Investors seeking tax-efficient income in a high-tax environment are likely to be attracted to NRK.
Interest rates inversely affect bond prices; rising rates typically lead to lower bond prices…
Watch on earnings: 10-Year Treasury Yield (GS10), Municipal bond issuance volumes, Credit spreads on municipal bonds.

One Sentence Summary:

Nuveen New York AMT-Free Quality Municipal Income Fund: the story is balanced — changes in interest rates affecting bond prices.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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