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Upturn AI SWOT - About
Nuveen New York Select Tax-Free Income Portfolio (NXN)
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Upturn Advisory Summary
08/28/2025: NXN (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 2.12% | Avg. Invested days 63 | 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 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 45.45M USD | Price to earnings Ratio 28.24 | 1Y Target Price - |
Price to earnings Ratio 28.24 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.3 | 52 Weeks Range 10.74 - 12.08 | Updated Date 06/29/2025 |
52 Weeks Range 10.74 - 12.08 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 4.35% | Basic EPS (TTM) 0.41 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 71.73% | Operating Margin (TTM) 90.56% |
Management Effectiveness
Return on Assets (TTM) 2.09% | Return on Equity (TTM) -7.53% |
Valuation
Trailing PE 28.24 | Forward PE - | Enterprise Value 44765148 | Price to Sales(TTM) 20.52 |
Enterprise Value 44765148 | Price to Sales(TTM) 20.52 | ||
Enterprise Value to Revenue 26.98 | Enterprise Value to EBITDA - | Shares Outstanding 3924890 | Shares Floating - |
Shares Outstanding 3924890 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 17.38 |
Upturn AI SWOT
Nuveen New York Select Tax-Free Income Portfolio
Company Overview
History and Background
Nuveen New York Select Tax-Free Income Portfolio (NYX) is a closed-end fund managed by Nuveen Asset Management. It focuses on providing current income exempt from regular federal and New York state income taxes by investing in municipal securities.
Core Business Areas
- Municipal Securities: The fund invests primarily in a portfolio of municipal securities that are exempt from federal and New York state income taxes. This includes debt obligations issued by state and local governments, as well as various special purpose entities. The fund invests at least 80% of its managed assets in municipal securities that are exempt from federal and New York state income taxes.
Leadership and Structure
The fund is managed by Nuveen Asset Management, a subsidiary of TIAA. Specific leadership roles are not publicly attributed to the fund, rather the general management team at Nuveen oversees portfolio construction and management.
Top Products and Market Share
Key Offerings
- Tax-Exempt Income: NYX offers investors income that is exempt from federal and New York state income taxes. Market share data is not directly applicable to individual closed-end funds, rather it is the market share of Nuveen asset management. Competitors include other closed-end municipal bond funds from companies like BlackRock and PIMCO.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit quality of issuers, and tax policy. Demand for tax-exempt income is driven by high-income individuals and those in high-tax states.
Positioning
NYX is positioned as a provider of tax-advantaged income for New York residents. Its competitive advantage lies in Nuveen's expertise in municipal bond management and its focus on New York specific bonds.
Total Addressable Market (TAM)
The TAM is the overall US Municipal Bond market. As of 2023, the total municipal bond market is estimated to be over $4 Trillion. NYX's positioning is a niche segment focused on NY-state tax advantages.
Upturn SWOT Analysis
Strengths
- Tax-exempt income in New York
- Experienced management team at Nuveen
- Diversified portfolio of municipal securities
Weaknesses
- Interest rate risk
- Credit risk of municipal issuers
- Market risk impacting NAV
Opportunities
- Increased demand for tax-advantaged investments
- Rising interest rate environment (potential for higher yields)
- Growth of the New York municipal bond market
Threats
- Changes in tax laws
- Economic downturn affecting municipal credit quality
- Rising interest rates decreasing NAV
Competitors and Market Share
Key Competitors
- MUB
- VNY
- BBH
Competitive Landscape
NYX's competitive advantage lies in its focus on New York municipal bonds, providing a specific tax benefit. Its disadvantages include its smaller size compared to broader municipal bond ETFs like MUB.
Growth Trajectory and Initiatives
Historical Growth: Growth is dependent on the performance of the fund's underlying investments and market conditions.
Future Projections: Future growth will likely be tied to demand for tax-exempt income and the performance of the New York municipal bond market. Projections are based on market analysis and economic forecasts.
Recent Initiatives: Recent initiatives would pertain to portfolio management strategy, such as adjustments to sector allocation and credit quality exposure.
Summary
NYX is a closed-end fund offering tax-exempt income to New York residents. Its strength lies in its specialized focus and experienced management. Interest rate risk and market volatility pose challenges. Demand for tax-advantaged investments and the performance of the New York municipal bond market will influence its future trajectory. NYX is a relatively small player in the larger municipal bond ETF market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Nuveen official website
- Yahoo Finance
- Morningstar
- SEC Filings
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor. Market share data is based on available estimates and may not be precise.
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 New York Select Tax-Free Income Portfolio
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 New York 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 New York. The fund invests in the securities of companies that operate across diversified sectors. It primarily invests in municipal bonds with an average credit quality of Baa/BBB or better. The fund employs fundamental analysis to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital New York Municipal Bond Index and S&P New York Municipal Bond Index. Nuveen New York Select Tax-Free Income Portfolio was formed on June 19, 1992 and is domiciled in the United States.
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