Nuveen Select Tax-Free Income Portfolio (NXP)
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Nuveen Select Tax-Free Income Portfolio Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 6,251 | $92,389.75 | $90,264.44 | -$2,125.31 | -2.3% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 9,439 | $135,855.04 | $136,204.77 | $349.73 | 0.26% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 668,196 | $9.98M | $9.64M | -$335,721.91 | -3.36% |
 Jeffery Yorg Focus Partners Advisor Solutions LLC | 43,058 | $617,882.3 | $621,361.39 | $3,479.09 | 0.56% |
 Matthew Watters Midwest Heritage Bank, FSB | 11,985 | $189,727.75 | $172,823.7 | -$16,904.05 | -8.91% |
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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.
