Nuveen California AMT-Free Quality Municipal Income Fund
NKXFinancial ServicesNASDAQAsset Management
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Daily timeframeNuveen California AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. Valued at $677.7M, NKX is a small-cap name in its sector. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC.
Market Cap
$677.7M
Beta
0.62
P/E (TTM)
29.49
P/E (Fwd)
—
EPS (TTM)
$0.43
EPS (Fwd)
—
ROE
-6.2%
ROA
2.3%
Cash
—
Total Debt
$436.5M
Free CF
$14.7M
52W Change
7.7%
Annual Financials
Cash vs Debt
Nuveen California AMT-Free Quality Municipal Income Fund carries $436.5M in total debt, a figure that investors should evaluate relative to the company's earnings power. Free cash flow comes in at $14.7M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at -6.2%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.2% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from -$4.3M (2022) to -$34.2M (2025), a 698% decline worth watching.
The relatively low beta of 0.62 suggests NKX is a less volatile holding compared to the broader index. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Nuveen California AMT-Free Quality Municipal Income Fund and its sector.