NXP - NXP: An Attractive Non-Leveraged Tax-Free Muni CEF
2024-07-12 02:06:19 ET
Summary
- Nuveen Select Tax-Free Income Portfolio is a non-leveraged muni CEF ranked as one of the top performers in the space.
- NXP carries a low expense ratio that can also help it perform better relative to peers.
- NXP raised its distribution recently, but it still shows strong distribution coverage, providing attractive tax-free income to investors.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Nuveen Select Tax-Free Income Portfolio ( NXP ) is a closed-end fund providing investors exposure to municipal bonds. It's also a non-leveraged muni CEF, which has helped make it one of the best performing in this space over the long term. According to CEFData, it is ranked 6th out of 47 for the last 10-year annualized performance....
NXP: An Attractive Non-Leveraged Tax-Free Muni CEF