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NXP

Nuveen Select Tax-Free Income Portfolio

NXP

Nuveen Select Tax-Free Income Portfolio • NYSE
$14.32 ▲ 0.07% (+0.01)
Market Cap $728.38 M
52w High $15.20
52w Low $13.30
Dividend Yield 0.63%
P/E 68.19
Volume 106.66K
Outstanding Shares 50.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $16.961M ▲ $-496.93K ▼ $-10.501M ▼ -61.91% ▼ $-0.21 ▼ $-10.226M ▼
Q2-2024 $15.982M ▲ $833.597K ▲ $20.045M ▼ 125.422% ▼ $0.41 ▼ $19.77M ▲
Q4-2023 $15.356M ▲ $795.62K ▲ $54.819M ▲ 356.994% ▲ $1.14 ▲ $0
Q2-2023 $14.823M ▲ $775.262K ▼ $-23.42M ▼ -158.005% ▼ $-0.49 ▼ $0
Q4-2022 $14.533M $33.358M $47.892M 329.528% $1.02 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $6.005M ▲ $755.135M ▲ $30.833M ▲ $724.302M ▼
Q2-2024 $3.431M ▲ $734.421M ▲ $8.405M ▼ $726.015M ▲
Q4-2023 $275.175K ▲ $713.215M ▲ $10.886M ▼ $702.328M ▲
Q2-2023 $0 ▼ $665.258M ▼ $14.474M ▲ $650.784M ▼
Q4-2022 $138.719K $684.702M $2.646M $682.056M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-10.501M ▼ $0 $0 $0 $0 $0
Q2-2024 $20.045M ▲ $0 $0 $0 $0 $0
Q4-2023 $15.699M $0 $0 $0 $0 $0
Q2-2023 $15.699M ▲ $0 $0 $0 $0 ▲ $0
Q4-2022 $-149.6K $0 $0 $0 $-1.185M $0

Five-Year Company Overview

Income Statement

Income Statement NXP’s income profile over the last few years looks like a recovery story after a difficult period. Earnings dipped into a notable loss a few years ago when interest rates and bond prices were especially volatile, then moved back into positive territory and have recently been modest but positive. That pattern is typical for a municipal bond fund whose results move with bond prices and credit spreads. Overall, the recent trend suggests a return to steady, if not spectacular, tax‑free income generation after a sharp bump in the road earlier in the decade, but results remain sensitive to rate moves and market conditions.

Balance Sheet

Balance Sheet The balance sheet appears straightforward and conservative. Assets and shareholder equity have gradually grown from earlier levels, suggesting that the portfolio has been largely preserved and modestly enhanced over time. Debt is very low relative to assets, consistent with the fund’s stated bias toward low leverage and capital preservation. Cash balances are minimal, which is normal for a closed‑end fund that aims to stay mostly invested in bonds rather than hold idle cash. Overall, the structure looks solid, with limited financial gearing and a clear equity base supporting the portfolio.

Cash Flow

Cash Flow The reported cash‑flow figures are essentially flat, which is common for a closed‑end bond fund dataset and does not mean there is no cash activity. In practice, NXP collects interest from municipal bonds and pays out much of that as tax‑free distributions, while routinely reinvesting principal repayments and proceeds from bond sales. There is no meaningful capital expenditure or operating investment in the corporate sense; cash movements are mainly tied to portfolio trading and income distributions to shareholders. Because of that, traditional cash‑flow analysis is less informative here than understanding the stability of interest income and the fund’s distribution policy.

Competitive Edge

Competitive Edge NXP benefits from being part of Nuveen, one of the dominant players in the municipal bond market with long experience, scale, and deep relationships with issuers and dealers. Its edge comes from a conservative, income‑focused mandate, low leverage compared with many peers, and access to a large in‑house research team that specializes in municipal credit. The fund is positioned as a relatively cautious way to seek federally tax‑free income, which can appeal to investors who value stability and tax benefits over chasing the highest possible yields. The main competitive risk is that many other municipal funds exist, and performance will ultimately be judged on how well Nuveen navigates interest‑rate cycles and credit events versus those alternatives.

Innovation and R&D

Innovation and R&D While NXP is not a technology company, Nuveen has invested in research tools and processes that function like “R&D” for a bond manager. A key differentiator is Nuveen’s proprietary framework for evaluating environmental, social, and governance factors in municipal issuers, layered on top of traditional credit analysis. This, combined with one of the larger dedicated municipal research teams in the industry, gives them more granular insight into local governments and projects. Nuveen has also broadened its municipal platform into separately managed accounts and actively managed ETFs, and improvements in those areas can feed back into how funds like NXP are run. Innovation here is incremental and research‑driven rather than disruptive, but it supports the fund’s long‑term positioning.

Summary

NXP is a long‑standing, tax‑free municipal bond fund that has moved from a period of weaker results back to more normal, positive earnings as bond markets have stabilized. Its balance sheet is simple and conservative, with low leverage and assets largely matched by equity, aligning with its goal of capital preservation and steady income. Classic cash‑flow metrics add limited insight because this is an income‑distribution vehicle rather than an operating company. Competitively, the fund leans on Nuveen’s scale, municipal expertise, and in‑house research, including ESG analysis, to differentiate itself in a crowded field. Overall, NXP represents a cautious, research‑driven approach to tax‑free income, with outcomes closely tied to interest‑rate trends and the health of the municipal bond market.

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