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Upturn AI SWOT - About
Nuveen New York Select Tax-Free Income Portfolio (NXN)
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Upturn Advisory Summary
03/27/2025: 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.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type Stock | Historic Profit 4.95% | Avg. Invested days 69 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 46.39M USD | Price to earnings Ratio 14.59 | 1Y Target Price - |
Price to earnings Ratio 14.59 | 1Y Target Price - | ||
Volume (30-day avg) 9410 | Beta 0.3 | 52 Weeks Range 10.86 - 12.14 | Updated Date 04/1/2025 |
52 Weeks Range 10.86 - 12.14 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 4.21% | Basic EPS (TTM) 0.81 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 46.43% | Operating Margin (TTM) 89.84% |
Management Effectiveness
Return on Assets (TTM) 2.09% | Return on Equity (TTM) -7.53% |
Valuation
Trailing PE 14.59 | Forward PE - | Enterprise Value 45667456 | Price to Sales(TTM) 22.47 |
Enterprise Value 45667456 | Price to Sales(TTM) 22.47 | ||
Enterprise Value to Revenue 14.33 | Enterprise Value to EBITDA - | Shares Outstanding 3924890 | Shares Floating - |
Shares Outstanding 3924890 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 19.09 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Nuveen New York Select Tax-Free Income Portfolio
Company Overview
History and Background
Nuveen is a leading global investment manager with a legacy dating back to 1898. Nuveen New York Select Tax-Free Income Portfolio is a closed-end fund managed by Nuveen Asset Management, focusing on providing current income exempt from regular federal and New York state income taxes.
Core Business Areas
- Municipal Bonds: Invests primarily in municipal bonds that are exempt from federal and New York state income taxes.
Leadership and Structure
Nuveen is the investment management arm of TIAA. The portfolio is managed by a team of investment professionals at Nuveen Asset Management.
Top Products and Market Share
Key Offerings
- Nuveen New York Select Tax-Free Income Portfolio (NXN): A closed-end fund focusing on tax-exempt income from New York municipal bonds. Market share data for this specific fund isn't readily available in aggregate market share terms. Competitors include other NY municipal bond funds from firms like BlackRock, Eaton Vance, and Fidelity. The size of the fund can be used as a proxy for market penetration - generally a larger AUM fund is considered to have more popularity within its respective market.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings, and tax policies. Demand is driven by investors seeking tax-exempt income.
Positioning
Nuveen positions itself as a provider of quality tax-exempt income through active management and rigorous credit analysis. Their competitive advantage comes from their experience, expertise, and the strong Nuveen brand.
Total Addressable Market (TAM)
The total addressable market is the overall municipal bond market, which is several trillion dollars. NXN's positioning allows it to capture a segment of the New York-specific tax-exempt market.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Strong brand reputation
- Focus on tax-exempt income
- Active management strategy
Weaknesses
- Closed-end fund structure (potential for trading at a discount to NAV)
- Concentration in New York municipal bonds
- Interest rate sensitivity
- Management fees
Opportunities
- Rising demand for tax-exempt income
- Increasing allocations to municipal bonds
- Potential for outperformance through active management
- Expansion into other tax-advantaged strategies
Threats
- Rising interest rates
- Credit deterioration in the municipal bond market
- Changes in tax laws
- Increased competition from other municipal bond funds
Competitors and Market Share
Key Competitors
- BBN
- VNY
- MNI
Competitive Landscape
NXN competes with other New York municipal bond funds based on performance, distribution rate, expense ratio, and brand reputation. Nuveen leverages its expertise and brand to attract investors.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Growth is primarily driven by the fund's ability to generate tax-exempt income and attract investors. Historical AUM and performance data provides insights into growth trends.
Future Projections: Future growth is dependent on market conditions and the fund's ability to outperform its benchmark. Analyst estimates are not typically available for individual closed-end funds.
Recent Initiatives: Nuveen continuously monitors and adjusts the fund's portfolio to optimize performance and manage risk.
Summary
Nuveen New York Select Tax-Free Income Portfolio (NXN) is a closed-end fund focused on delivering tax-exempt income to investors. Its strengths lie in its experienced management team and strong brand. Weaknesses include sensitivity to interest rates and concentration in NY bonds. Rising interest rates and credit deterioration pose threats, while increasing demand for tax-exempt income provides opportunities. The fund is moderately strong, capitalizing on its expertise but needs to monitor external factors.
Similar Companies
- BBN
- VNY
- MNI
Sources and Disclaimers
Data Sources:
- Nuveen Website
- SEC Filings
- Financial Data Providers (e.g., Bloomberg, Reuters)
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market conditions and fund performance are subject to change. 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 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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