Nuveen Select Tax-Free Income Portfolio (NXP)
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Nuveen Select Tax-Free Income Portfolio Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 6,251 | $92,389.75 | $88,889.22 | -$3,500.53 | -3.79% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 103,278 | $1.48M | $1.47M | -$3,092.16 | -0.21% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 9,439 | $135,855.04 | $134,411.36 | -$1,443.68 | -1.06% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 668,196 | $9.98M | $9.44M | -$536,715.27 | -5.38% |
 Jeffery Yorg Focus Partners Advisor Solutions LLC | 37,479 | $537,823.65 | $532,951.38 | -$4,872.27 | -0.91% |
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Nuveen Select Tax-Free Income Portfolio Profile
| NYSE Exchange | United States Country |
Overview
Nuveen Select Tax-Free Income Portfolio is a closed-end fund dedicated to generating federally tax-exempt income through investments in the U.S. municipal bond market. Managed by Nuveen Fund Advisors and Nuveen Asset Management, the portfolio primarily includes investment-grade municipal securities, typically rated Baa or BBB and above. With a commitment to maintaining at least 80% of its assets in high-quality bonds, the fund operates within a disciplined framework to provide consistent income while preserving capital. A portion of the portfolio may be allocated to lower credit quality municipal securities, subject to a 20% cap, enhancing diversification and potential yield.
Established in 1992, the fund benchmarks its performance against major municipal bond indices, such as the S&P National Municipal Bond Index. It plays a significant role in the fixed income sector, particularly appealing to investors seeking stable, tax-advantaged cash flows. The fund contributes liquidity and diversification within the broader municipal bond market, making it a relevant option for both individuals and institutions that prioritize tax efficiency and income stability in their fixed income allocations.
Products and Services
- Tax-Free Income Generation: The primary aim of the Nuveen Select Tax-Free Income Portfolio is to provide investors with federally tax-exempt income through strategic investments in high-quality municipal bonds.
- Investment-Grade Municipal Securities: The fund primarily invests in municipal securities rated Baa or BBB and above, ensuring a focus on high-quality bonds that meet stringent credit standards.
- Diversification Strategy: While the fund mandates at least 80% of assets be in high-quality securities, it also allows up to 20% in lower credit quality municipal securities, enhancing portfolio diversification and potential yield.
- Performance Benchmarking: The fund benchmarks its performance against notable municipal bond indices, such as the S&P National Municipal Bond Index, to evaluate its effectiveness and maintain competitiveness within the sector.
- Tax Efficiency Focus: With a disciplined investment approach, the fund emphasizes tax efficiency, making it an attractive choice for investors looking to maximize income while minimizing tax liabilities.
- Income Stability: The fund provides consistent and reliable income streams, catering to investors seeking stability in their fixed income portfolios.
- Investing Expertise: Managed by Nuveen Fund Advisors and Nuveen Asset Management, the fund benefits from experienced professionals who employ a disciplined investment process tailored to meet the needs of income-focused investors.
