Action of instantons with a nut charge

We examine the effect of a non-trivial nut charge on the action of non-compact four-dimensional instantons with a U(1) isometry. If the instanton action is calculated by dimensionally reducing along the isometry, then the nut charge is found to make an explicit non-zero contribution. For metrics satisfying AF, ALF or ALE boundary conditions, the action can be expressed entirely in terms of quantities (including the nut charge) defined on the fixed point set of the isometry. A source (or sink) of nut charge also implies the presence of a Misner string coordinate singularity, which will have an important effect on the Hamiltonian of the instanton.