Closed-end management investment company that seeks to provide current income exempt from regular federal income tax, investing primarily in municipal bonds.
Nuveen Select Tax-Free Income Portfolio, launched and managed by Nuveen Investments Inc., operates as a closed-ended fixed income mutual fund focused on the United States municipal bond market. Co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, the fund targets investment-grade municipal securities rated Baa and BBB or better. This strategic approach aims to provide investors with tax-free income while maintaining a portfolio aligned with the stability and credit quality inherent in municipal bonds.
The fund benchmarks its performance against widely recognized indices such as the Standard & Poor's (S&P) National Municipal Bond Index and the Lipper General and Insured Unleveraged Municipal Debt Funds Average. These benchmarks serve as indicators of the fund's performance relative to the broader municipal bond market, reflecting its commitment to delivering competitive returns within its investment strategy. Since its inception on March 19, 1992, Nuveen Select Tax-Free Income Portfolio has upheld its mission to offer tax-efficient income solutions to investors seeking exposure to municipal bonds.
Nuveen Investments Inc., a leading asset management firm, continues to manage Nuveen Select Tax-Free Income Portfolio with a focus on leveraging its expertise in fixed income investments and municipal bond markets. With its domicile in the United States, the fund remains a reliable choice for investors looking to benefit from tax-exempt income opportunities while maintaining a conservative investment approach supported by Nuveen's disciplined investment process and market insights. As financial markets evolve, Nuveen Select Tax-Free Income Portfolio remains positioned to adapt to changing investor needs and market conditions, ensuring it continues to serve as a cornerstone in tax-efficient fixed income investing.