Nuveen Select Tax-Free Income Portfolio

Frequently Asked Questions About NXP

What does NXP invest in?

Established on March 19, 1992, the Nuveen Select Tax-Free Income Portfolio functions as a closed-ended mutual fund dedicated to fixed income investments within the United States. Jointly overseen by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC (under the Nuveen Investments Inc. umbrella), the fund strategically allocates its capital primarily to investment-grade municipal securities, targeting those rated Baa, BBB, or higher. Its financial performance is benchmarked against both the Standard & Poor's (S&P) National Municipal Bond Index and the Lipper General and Insured Unleveraged Municipal Debt Funds Average. This portfolio remains domiciled in the U.S.

What is the expense ratio of NXP?

Nuveen Select Tax-Free Income Portfolio (NXP) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is NXP's dividend yield?

NXP's trailing-twelve-month yield is 4.89%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NXP?

Effective duration measures NXP's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NXP's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NXP?

NXP's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NXP?

Yield to maturity (YTM) is the total return you'd earn from NXP if every bond in the portfolio is held to maturity at the current price. NXP's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.