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Upturn AI SWOT - About
Nuveen California Select Tax Free Income Closed Fund (NXC)
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Upturn Advisory Summary
10/27/2025: NXC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -0.53% | Avg. Invested days 53 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/27/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 82.91M USD | Price to earnings Ratio 35.92 | 1Y Target Price - |
Price to earnings Ratio 35.92 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.23 | 52 Weeks Range 12.32 - 13.74 | Updated Date 06/29/2025 |
52 Weeks Range 12.32 - 13.74 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 4.22% | Basic EPS (TTM) 0.36 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 60.71% | Operating Margin (TTM) 91.32% |
Management Effectiveness
Return on Assets (TTM) 2.36% | Return on Equity (TTM) 2.54% |
Valuation
Trailing PE 35.92 | Forward PE - | Enterprise Value 82518688 | Price to Sales(TTM) 22.38 |
Enterprise Value 82518688 | Price to Sales(TTM) 22.38 | ||
Enterprise Value to Revenue 35.13 | Enterprise Value to EBITDA - | Shares Outstanding 6412190 | Shares Floating - |
Shares Outstanding 6412190 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 11.03 |
Upturn AI SWOT
Nuveen California Select Tax Free Income Closed Fund
Company Overview
History and Background
Nuveen California Select Tax Free Income Closed Fund (NXQ) was formed to provide current income exempt from regular federal and California state income taxes by investing primarily in municipal securities. It's part of Nuveen Asset Management's closed-end fund offerings, focusing on the California market.
Core Business Areas
- Municipal Bond Investments: NXQ invests primarily in a portfolio of California municipal securities exempt from federal and California state income taxes. The fund aims to generate current income for its shareholders.
Leadership and Structure
Nuveen Asset Management is the investment advisor. The fund is overseen by a board of directors and managed by portfolio managers specializing in municipal bonds.
Top Products and Market Share
Key Offerings
- California Municipal Bond Portfolio: NXQ's primary offering is a portfolio of California municipal bonds designed to provide tax-exempt income. Market share data is not directly applicable as it's a closed-end fund, but it competes with other tax-exempt bond funds for investor capital. Competitors include other Nuveen municipal bond funds, BlackRock, and Eaton Vance offerings.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, economic conditions, and state and local government fiscal health. Demand for tax-exempt income is a key driver.
Positioning
NXQ is positioned as a provider of tax-exempt income specifically targeting California residents. Its competitive advantage lies in its experienced management team and focus on California municipal securities.
Total Addressable Market (TAM)
The total addressable market is the total value of outstanding municipal bonds. This fund is positioned to capture a segment of the CA based municipal bond market driven by investors seeking tax advantaged income. A reliable estimate of TAM is not readily available.
Upturn SWOT Analysis
Strengths
- Tax-exempt income for California residents
- Experienced management team
- Focus on California municipal bonds
Weaknesses
- Closed-end fund structure (potential for discount to NAV)
- Interest rate sensitivity
- Concentration in California municipal bonds
Opportunities
- Rising tax rates increasing demand for tax-exempt income
- Infrastructure projects in California driving municipal bond issuance
- Increased interest in ESG investing in municipal bonds
Threats
- Rising interest rates decreasing bond values
- Credit risk of California municipalities
- Changes in tax laws reducing the attractiveness of tax-exempt income
Competitors and Market Share
Key Competitors
- VCF
- CEF
- EOT
Competitive Landscape
NXQ competes with other closed-end municipal bond funds, particularly those focused on California. Key differentiators include the fund's expense ratio, distribution rate, and track record.
Growth Trajectory and Initiatives
Historical Growth: Growth is not typically a primary focus for closed-end funds. Performance is measured by total return and the ability to maintain a stable distribution rate.
Future Projections: Future performance depends on interest rates, the creditworthiness of California municipalities, and the fund's management strategy. Projections are not available without specific sources.
Recent Initiatives: Recent initiatives may include adjusting the portfolio to take advantage of changing market conditions or focusing on specific sectors within the California municipal bond market.
Summary
Nuveen California Select Tax Free Income Closed Fund (NXQ) offers tax-exempt income for California residents. The fund is vulnerable to rising interest rates and credit risk within the state. Its key strength is its focus on California municipal bonds, offering potentially higher yields than national funds. However, investors should carefully evaluate the fund's discount to NAV and expense ratio.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Nuveen Fund Website
- Financial News Providers
- SEC Filings
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Nuveen California Select Tax Free Income Closed Fund
Exchange NYSE | Headquaters Chicago, IL, United States | ||
IPO Launch date 1992-06-19 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Nuveen California Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California. The fund invests in the securities of companies that operate across diversified sectors. It primarily invests in municipal bonds. The fund employs fundamental analysis to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital California Municipal Bond Index and S&P California Municipal Bond Index. Nuveen California Select Tax-Free Income Portfolio was formed on June 19, 1992 and is domiciled in the United States.
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