Nuveen New York Select Tax-Free Income Portfolio (NXN)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Nuveen New York Select Tax-Free Income Portfolio (NXN) trades at $12.14 with AI Score 51/100 (Grade B). Nuveen New York Select Tax-Free Income Portfolio is a closed-end fund specializing in New York municipal bonds. Market cap: $47.65M, Sector: Financial services.
Price live · AI analysis from May 10, 2026Analyst Coverage for NXN: NXN does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NXN against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
NXN: the 7 perspectives are evenly split. Dominant signal: Izzy Englander bullish.
How is this calculated? →Nuveen New York Select Tax-Free Income Portfolio (NXN) Financial Services Profile
Nuveen New York Select Tax-Free Income Portfolio (NXN) is a closed-end fund focused on delivering tax-exempt income through investments in New York municipal bonds. Managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, NXN offers investors access to a diversified portfolio of municipal securities with an average credit quality of Baa/BBB or higher.
What Is the Investment Thesis for NXN?
Nuveen New York Select Tax-Free Income Portfolio (NXN) presents a focused investment opportunity within the municipal bond market, specifically targeting New York state. The fund's strategy of investing in bonds with an average credit quality of Baa/BBB or better aims to provide a balance between risk and tax-exempt income. With a dividend yield of 2.77% as of 2026, NXN offers an income stream attractive to investors seeking tax advantages. Key value drivers include effective portfolio management by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, and the ability to identify undervalued municipal bonds. Upcoming catalysts include potential infrastructure projects in New York that could increase demand for municipal bonds. Potential risks include interest rate fluctuations and changes in New York's fiscal health.
Based on FMP financials and quantitative analysis
NXN Key Highlights
- Market Cap of $47.65M indicates a smaller fund size, potentially leading to higher volatility compared to larger funds.
- Negative Profit Margin of -56.9% suggests operational inefficiencies or significant expenses impacting profitability.
- Gross Margin of 30.6% reflects the fund's ability to generate revenue from its investments, despite the negative profit margin.
- Beta of 0.30 indicates lower volatility compared to the broader market, suggesting a more stable investment.
- Dividend Yield of 2.77% provides a steady income stream for investors, attractive in a low-interest-rate environment.
Who Are NXN's Competitors?
NXN is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| MUB iShares National Muni Bond ETF | $107.57 | +0.07% | $45.07B | 47 |
| NYF iShares New York Muni Bond ETF | $53.85 | -0.02% | $1.33B | 47 |
| LGI Lazard Global Total Return and Income Fund, Inc. | $18.68 | +0.35% | $243.15M | 67 |
| BKT BlackRock Income Trust, Inc. | $10.68 | +0.42% | $259.31M | 66 |
| AEUDX American Century Equity Income Fund R6 Class | $9.28 | +1.31% | $6.39B | 65 |
| TWEIX American Century Equity Income Investor Class | $9.22 | -0.32% | 7B | 65 |
| ASGI Abrdn Global Infrastructure Income Fund | $23.25 | -0.04% | $735.37M | 51 |
| PCQ PIMCO California Municipal Income Fund | $8.98 | -0.17% | $504.35M | 51 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NXN's Key Strengths?
- Tax-exempt income for New York residents.
- Experienced management team at Nuveen.
- Focus on investment-grade municipal bonds.
- Long-standing presence in the market since 1992.
What Are NXN's Weaknesses?
- Small market capitalization, potentially limiting liquidity.
- Negative profit margin, indicating financial challenges.
- Concentration in New York municipal bonds, reducing diversification.
- Vulnerability to changes in New York's fiscal health.
What Could Drive NXN Stock Higher?
- Potential infrastructure projects in New York that could increase demand for municipal bonds.
- Rising demand for tax-exempt income due to high tax rates.
- Strategic portfolio management by Nuveen to enhance returns.
What Are the Key Risks for NXN?
- Negative return on equity (-2.6%) — the business is not currently generating profit on shareholder capital.
- Rising interest rates, decreasing bond values.
- Changes in federal or state tax laws.
- Economic downturn in New York.
- Small market capitalization, potentially limiting liquidity.
- Concentration in New York municipal bonds, reducing diversification.
What Are the Growth Opportunities for NXN?
- Increased Infrastructure Spending: New York's commitment to infrastructure development presents a significant growth opportunity for NXN. As the state invests in roads, bridges, and public transportation, the demand for municipal bonds to finance these projects will likely increase. This could lead to higher bond prices and increased income for the fund. The Infrastructure Investment and Jobs Act could further boost infrastructure spending, creating additional opportunities for NXN to invest in new municipal bonds. Timeline: Ongoing.
- Rising Demand for Tax-Exempt Income: With federal and state tax rates remaining high, the demand for tax-exempt income is expected to increase. NXN, by focusing on New York municipal bonds, offers investors a way to reduce their tax burden while generating income. This trend could attract more investors to the fund, increasing its assets under management. The market size for tax-exempt investments is estimated to be in the trillions of dollars. Timeline: Ongoing.
- Strategic Portfolio Management: Nuveen's expertise in municipal bond investing provides a competitive advantage for NXN. By actively managing the portfolio and identifying undervalued bonds, Nuveen can enhance the fund's performance and generate higher returns for investors. The fund's ability to adapt to changing market conditions and capitalize on investment opportunities is crucial for its long-term success. Timeline: Ongoing.
- Expansion of Investment Mandate: While currently focused on New York municipal bonds, NXN could potentially expand its investment mandate to include other types of tax-exempt securities or broaden its geographic focus. This could open up new investment opportunities and diversify the fund's portfolio. However, any changes to the investment mandate would need to be carefully considered to ensure they align with the fund's overall objectives. Timeline: Potential.
- Technological Advancements in Bond Trading: The increasing use of technology in bond trading and analysis could improve NXN's efficiency and reduce transaction costs. By leveraging data analytics and algorithmic trading, Nuveen can identify and execute trades more effectively. This could lead to better portfolio performance and lower expenses for the fund. The adoption of blockchain technology in the bond market could also create new opportunities for NXN. Timeline: Ongoing.
What Opportunities Does NXN Have?
- Increased demand for tax-advantaged investments.
- Potential infrastructure projects in New York.
- Strategic portfolio management to enhance returns.
- Technological advancements in bond trading.
What Threats Does NXN Face?
- Rising interest rates, decreasing bond values.
- Changes in federal or state tax laws.
- Economic downturn in New York.
- Increased competition from other municipal bond funds.
What Are NXN's Competitive Advantages?
- Tax-Exempt Status: Offers income exempt from federal and New York state taxes, a significant advantage for investors.
- Nuveen Expertise: Managed by experienced professionals at Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC.
- Established Track Record: Has been operating since 1992, demonstrating long-term stability.
- Focus on New York: Specializes in New York municipal bonds, providing local market expertise.
What Does NXN Do?
Nuveen New York Select Tax-Free Income Portfolio, established on June 19, 1992, is a closed-end fixed income mutual fund managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, both subsidiaries of Nuveen Investments Inc. The fund is domiciled in the United States and focuses on investing in the fixed income markets of New York. Its primary objective is to provide investors with current income exempt from both federal and New York state income taxes. The fund achieves this by investing primarily in municipal bonds issued by the state of New York and its various municipalities. These bonds typically finance public projects such as infrastructure, education, and healthcare. The fund's investment strategy involves fundamental analysis to identify undervalued municipal bonds with an average credit quality of Baa/BBB or better, aiming to balance risk and return. The portfolio's performance is benchmarked against the Barclays Capital New York Municipal Bond Index and the S&P New York Municipal Bond Index, providing a framework for evaluating its success in delivering tax-exempt income to its shareholders. The fund operates within the broader asset management industry, catering to investors seeking stable, tax-advantaged income streams. Nuveen leverages its expertise in municipal finance and fixed income markets to manage the portfolio and achieve its investment objectives.
What Products and Services Does NXN Offer?
- Invests in fixed income markets within New York.
- Primarily focuses on municipal bonds.
- Targets an average credit quality of Baa/BBB or better for its bond holdings.
- Aims to provide income exempt from federal and New York state taxes.
- Benchmarks performance against Barclays Capital New York Municipal Bond Index.
- Utilizes fundamental analysis to select investments.
How Does NXN Make Money?
- Generates income through interest payments from municipal bonds.
- Passes tax-exempt income to shareholders.
- Managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC.
- Operates as a closed-end fund, with a fixed number of shares.
What Industry Does NXN Operate In?
Nuveen New York Select Tax-Free Income Portfolio operates within the asset management industry, specifically focusing on fixed income and municipal bonds. The municipal bond market is influenced by factors such as interest rates, credit ratings, and state and local government fiscal health. The fund competes with other closed-end funds and ETFs that invest in municipal bonds. The industry is characterized by increasing demand for tax-advantaged investment options, particularly in high-tax states like New York. Regulatory changes and economic conditions can significantly impact the performance of municipal bond funds.
Who Are NXN's Key Customers?
- Individual investors seeking tax-exempt income.
- High-net-worth individuals looking for stable investments.
- Financial advisors seeking tax-advantaged options for clients.
- Institutions seeking fixed-income exposure with tax benefits.
Nuveen New York Select Tax-Free Income Portfolio (NXN) Valuation Context
Valued at $47.65M, NXN is classified as a micro-cap stock. Relative to its peer group, NXN's quantitative score of 51/100 is roughly in line with the peer average of 58/100.
ROE -3%Key Financial Metrics
Return on equity for Nuveen New York Select Tax-Free Income Portfolio stands at -2.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -2.6%, showing how much profit it generates from its asset base. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 12.37 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -2.6%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 5/9Financial Health
Nuveen New York Select Tax-Free Income Portfolio's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 43.32 places it in the safe zone, indicating low near-term bankruptcy risk.
NXN Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- NXN's focus on tax-exempt New York municipal bonds makes it attractive to investors seeking income shielded from federal and state taxes, especially in high-tax environments.
- Recent insider activity suggests confidence, potentially signaling belief in the fund's continued performance and stability.
- Community sentiment reflects a positive outlook, with many traders viewing municipal bonds as a safe haven amidst market volatility.
- Market perception indicates a growing demand for tax-advantaged investments, driven by concerns over potential tax increases and economic uncertainty.
Bear Case
- Rising interest rates could negatively impact NXN's bond portfolio value, as bond prices typically move inversely to interest rates.
- Community sentiment reveals concerns about the creditworthiness of some New York municipalities, potentially impacting the fund's overall risk profile.
- Market perception suggests that increased inflation could erode the real return of NXN's tax-exempt income, diminishing its appeal.
- Recent insider selling, if present, could signal concerns about the fund's future performance or broader market conditions, warranting caution.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NXN Latest News
No recent news available for NXN.
NXN Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NXN.
Price Targets
Wall Street price target analysis for NXN.
NXN MoonshotScore
What does this score mean?
The MoonshotScore rates NXN's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: William Huffman
Head of Fixed Income at Nuveen
William Huffman serves as the Head of Fixed Income at Nuveen. He is responsible for overseeing Nuveen's fixed income strategies and investment teams. His background includes extensive experience in fixed income portfolio management, research, and trading. He has held various leadership positions within Nuveen and has a deep understanding of the fixed income markets. He is responsible for the overall performance and strategic direction of Nuveen's fixed income business.
Track Record: Under William Huffman's leadership, Nuveen's fixed income division has maintained a strong track record of performance and innovation. He has overseen the launch of new fixed income strategies and has been instrumental in expanding Nuveen's presence in the global fixed income markets. His focus on risk management and investment discipline has contributed to the success of Nuveen's fixed income portfolios.
Common Questions About NXN (Financial Services)
What does Nuveen New York Select Tax-Free Income Portfolio do?
Nuveen New York Select Tax-Free Income Portfolio is a closed-end fund that invests primarily in New York municipal bonds. Its main objective is to provide investors with a steady stream of income that is exempt from both federal and New York state income taxes. The fund targets municipal bonds with an average credit quality of Baa/BBB or better, balancing risk and return. It is managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, leveraging their expertise in municipal finance to select and manage the portfolio. The fund's performance is benchmarked against the Barclays Capital New York Municipal Bond Index and the S&P New York Municipal Bond Index.
What do analysts say about NXN stock?
Analyst coverage of Nuveen New York Select Tax-Free Income Portfolio (NXN) typically focuses on its dividend yield, credit quality, and tax-exempt status. Key valuation metrics include the fund's net asset value (NAV) and the premium or discount at which it trades relative to NAV. Growth considerations revolve around the fund's ability to maintain its dividend yield and manage its portfolio effectively in a changing interest rate environment. Analyst consensus is generally neutral, emphasizing the fund's role as a stable, income-generating investment rather than a high-growth opportunity. Investors should monitor analyst reports for updates on the fund's performance and outlook.
What are the main risks for NXN?
The main risks for Nuveen New York Select Tax-Free Income Portfolio include interest rate risk, credit risk, and concentration risk. Rising interest rates can decrease the value of the fund's bond holdings, potentially leading to capital losses. Credit risk refers to the possibility that bond issuers may default on their payments. While the fund targets investment-grade bonds, there is still some risk of downgrades or defaults. Concentration risk arises from the fund's focus on New York municipal bonds, making it vulnerable to economic or fiscal challenges specific to New York. Changes in tax laws could also impact the attractiveness of tax-exempt investments.
What are the key factors to evaluate for NXN?
Nuveen New York Select Tax-Free Income Portfolio (NXN) holds an AI score of 51/100 (moderate). Not financial advice.
How frequently does NXN data refresh on this page?
NXN prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NXN's recent stock price performance?
Nuveen New York Select Tax-Free Income Portfolio (NXN) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Tax-exempt income for New York residents. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NXN overvalued or undervalued right now?
Valuing Nuveen New York Select Tax-Free Income Portfolio (NXN) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying NXN?
Before investing in Nuveen New York Select Tax-Free Income Portfolio (NXN), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Data is based on available information and may be subject to change.
- Investment decisions should be based on individual circumstances and risk tolerance.