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Nuveen Select Tax-Free Income Portfolio (NXP)

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Upturn Advisory Summary
01/09/2026: NXP (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 1.94% | Avg. Invested days 47 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 709.89M USD | Price to earnings Ratio 66.48 | 1Y Target Price - |
Price to earnings Ratio 66.48 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.36 | 52 Weeks Range 13.15 - 14.87 | Updated Date 06/29/2025 |
52 Weeks Range 13.15 - 14.87 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 4.47% | Basic EPS (TTM) 0.21 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 238.89% | Operating Margin (TTM) 94.78% |
Management Effectiveness
Return on Assets (TTM) 2.65% | Return on Equity (TTM) 10.88% |
Valuation
Trailing PE 66.48 | Forward PE - | Enterprise Value 683169728 | Price to Sales(TTM) 22.65 |
Enterprise Value 683169728 | Price to Sales(TTM) 22.65 | ||
Enterprise Value to Revenue 71.85 | Enterprise Value to EBITDA - | Shares Outstanding 50851500 | Shares Floating - |
Shares Outstanding 50851500 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 16.67 |
Upturn AI SWOT
Nuveen Select Tax-Free Income Portfolio
Company Overview
History and Background
Nuveen Select Tax-Free Income Portfolio (NXP) is a closed-end fund managed by Nuveen Asset Management, LLC. It was incorporated in Delaware and commenced operations in 1987. The fund aims to provide a high level of current income, exempt from regular federal income tax, by investing in a diversified portfolio of municipal obligations. Its evolution has been marked by its continuous operation and adaptation to changing market conditions in the municipal bond sector.
Core Business Areas
- Municipal Bond Investing: The core business of NXP is the investment in a diversified portfolio of municipal bonds issued by state and local governments and their agencies. The primary objective is to generate tax-exempt income for shareholders.
Leadership and Structure
Nuveen Select Tax-Free Income Portfolio is managed by Nuveen Asset Management, LLC. The portfolio management team is responsible for investment decisions, research, and portfolio construction. As a closed-end fund, it has a board of trustees overseeing its operations and representing shareholder interests.
Top Products and Market Share
Key Offerings
- Nuveen Select Tax-Free Income Portfolio (NXP): NXP is the primary offering, a closed-end fund focused on tax-exempt municipal bonds. It aims to deliver attractive income streams to investors in higher tax brackets. Competitors include other closed-end municipal bond funds from firms like BlackRock, PIMCO, and Invesco, as well as open-end municipal bond funds and individual municipal bonds. Specific market share data for individual closed-end funds is not readily available publicly, but the municipal bond fund market is substantial.
Market Dynamics
Industry Overview
The municipal bond market is a significant segment of the fixed-income landscape, driven by the financing needs of state and local governments for infrastructure and public projects. The market is influenced by interest rate movements, credit quality of issuers, and tax legislation. The demand for tax-exempt income makes this sector attractive to high-income investors.
Positioning
NXP is positioned as a provider of tax-exempt income through a diversified portfolio of municipal bonds. Its competitive advantages lie in Nuveen's established expertise in fixed-income management and its focus on the tax-exempt space. However, it operates in a competitive environment with numerous other municipal bond funds and strategies.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is vast, representing trillions of dollars in outstanding debt. Nuveen Select Tax-Free Income Portfolio aims to capture a portion of this market by offering its investment vehicle to individuals seeking tax-efficient income. Its positioning is within the specific segment of investors who benefit from tax-exempt income and prefer the structure of a closed-end fund.
Upturn SWOT Analysis
Strengths
- Established expertise in municipal bond management by Nuveen.
- Focus on tax-exempt income, appealing to higher tax bracket investors.
- Diversified portfolio aims to mitigate individual issuer risk.
- Closed-end structure can offer price stability compared to open-end funds.
Weaknesses
- Sensitivity to interest rate fluctuations.
- Potential for credit deterioration of municipal issuers.
- Leverage, if used, can magnify losses.
- Closed-end fund discounts/premiums to Net Asset Value (NAV) can impact investor returns.
Opportunities
- Increased demand for tax-efficient income solutions.
- Potential for infrastructure spending to drive new municipal issuance.
- Active management to identify undervalued municipal securities.
- Interest rate environment that favors higher-yielding fixed-income instruments.
Threats
- Rising interest rates increasing borrowing costs for issuers and potentially decreasing bond values.
- Deterioration of municipal credit quality due to economic downturns.
- Changes in tax laws that could reduce the attractiveness of tax-exempt income.
- Increased competition from other fixed-income products and investment strategies.
Competitors and Market Share
Key Competitors
- BlackRock Municipal Bond Trust (BBK)
- Invesco Municipal Bond Fund (VPCCX)
- PIMCO Municipal Income Fund (PMX)
Competitive Landscape
NXP competes with a wide array of other municipal bond funds, both closed-end and open-end. Its advantages include Nuveen's brand reputation and expertise. Disadvantages might include leverage levels, expense ratios, and the specific investment strategy employed compared to competitors who might focus on national, state-specific, or different credit quality municipal bonds.
Growth Trajectory and Initiatives
Historical Growth: Historical growth for NXP is reflected in its ability to maintain or grow its NAV per share and its distribution levels over time, while also considering market price appreciation. Performance would be analyzed against its benchmark indices.
Future Projections: Future projections for NXP are heavily dependent on the outlook for the municipal bond market, interest rate environments, and the fund's ability to actively manage its portfolio. Analyst estimates for closed-end funds are less common than for operating companies, but general market forecasts for municipal bonds would be relevant.
Recent Initiatives: Recent initiatives would likely involve portfolio adjustments in response to market conditions, potential changes in leverage strategies, or efforts to enhance shareholder value, such as tender offers or rights offerings, if applicable. Specific initiatives are detailed in the fund's annual and semi-annual reports.
Summary
Nuveen Select Tax-Free Income Portfolio is a well-established closed-end fund focused on tax-exempt municipal bonds, leveraging Nuveen's expertise. Its strength lies in providing tax-efficient income to investors. However, it faces significant risks from interest rate volatility and potential credit deterioration in the municipal market. Continued active management and a favorable interest rate environment are crucial for its future success, while it must also navigate intense competition.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Nuveen Investments Official Website
- Morningstar Data
- Financial News Outlets
Disclaimers:
This JSON output is for informational purposes only and does not constitute investment advice. Market share data for individual closed-end funds is an estimation and may not be precise. Nuveen Select Tax-Free Income Portfolio is a security with inherent risks, and investors should consult with a qualified financial advisor before making 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 Select Tax-Free Income Portfolio
Exchange NYSE | Headquaters Chicago, IL, United States | ||
IPO Launch date 1992-03-19 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Nuveen 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 United States. The fund invests in the investment-grade municipal securities rated Baa and BBB or better. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) National Municipal Bond Index and Lipper General and Insured Unleveraged Municipal Debt Funds Average. Nuveen Select Tax-Free Income Portfolio was formed on March 19, 1992 and is domiciled in the United States.

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