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Nuveen California Select Tax Free Income Closed Fund (NXC)
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Upturn Advisory Summary
12/01/2025: 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 1.28% | Avg. Invested days 57 | 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 12/01/2025 |
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
The Nuveen California Select Tax-Free Income Fund was established to provide current income exempt from both federal and California state income taxes. It is a closed-end fund managed by Nuveen Asset Management, a subsidiary of TIAA.
Core Business Areas
- Tax-Exempt Income Generation: Investing primarily in California municipal bonds to generate income exempt from federal and California state income taxes.
Leadership and Structure
Nuveen Asset Management, a subsidiary of TIAA, manages the fund. Specific fund managers rotate, but Nuveen provides oversight.
Top Products and Market Share
Key Offerings
- California Municipal Bonds Portfolio: A portfolio of California municipal bonds designed to provide tax-exempt income. Market share data is not directly available for specific closed-end fund strategies; competition includes other Nuveen and competing firms' municipal bond funds such as BlackRock and PIMCO.
Market Dynamics
Industry Overview
The closed-end fund industry is influenced by interest rates, credit spreads, and investor sentiment towards tax-exempt income. Demand for municipal bonds is often driven by high-income individuals and institutions seeking tax advantages.
Positioning
Nuveen California Select Tax-Free Income Fund is positioned as a provider of tax-exempt income for California residents and investors.
Total Addressable Market (TAM)
The TAM is the total value of the municipal bond market in California. While a specific number is difficult to assign, it is billions of dollars. NCX is positioned to address a subset of this market focused on income-seeking investors.
Upturn SWOT Analysis
Strengths
- Tax-exempt income for California residents
- Experienced management team (Nuveen)
- Diversified portfolio of municipal bonds
Weaknesses
- Sensitivity to interest rate changes
- Credit risk associated with municipal bonds
- Discount to Net Asset Value (NAV) can persist
- Limited liquidity compared to open-end mutual funds or ETFs
Opportunities
- Rising demand for tax-advantaged investments
- Potential for NAV appreciation
- Strategic portfolio adjustments to enhance returns
Threats
- Changes in tax laws reducing the appeal of municipal bonds
- Rising interest rates decreasing bond values
- Credit downgrades of municipal issuers
- Increased competition from other tax-exempt investment vehicles
Competitors and Market Share
Key Competitors
- VFC
- MUB
- ITM
Competitive Landscape
NCX competes with other closed-end funds, exchange-traded funds (ETFs), and individual municipal bonds. Its advantages include active management and potential for higher yields, while disadvantages may include higher expense ratios and potential discounts to NAV.
Growth Trajectory and Initiatives
Historical Growth: The fund's historical growth is largely dependent on the performance of the California municipal bond market and the fund's ability to generate income.
Future Projections: Future projections are based on market forecasts and expectations for interest rates and credit spreads, often relying on analyst estimates.
Recent Initiatives: Recent initiatives include strategic adjustments to the portfolio to optimize income and manage risk.
Summary
Nuveen California Select Tax Free Income Closed Fund offers tax-exempt income for California residents but is susceptible to interest rate and credit risk. Nuveen's management and diversified portfolio are strengths. However, changing tax laws and competition pose threats. It's a suitable choice for income-seeking investors within a diversified portfolio.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Nuveen official website
- Fund fact sheets and prospectuses
- Financial news sources
- Morningstar
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
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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