NXP - Nuveen Select Tax-Free Income Portfolio

What this means for you

One large investor owns more than 5% of this fund but has told the regulator it is not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. Oct 2, 2026

   The fund said it may sell new shares.

   Original document →

2. July 27, 2026

   First Trust Portfolios L.P. now owns 5.3%, as a passive investor.

   Original document →

3. June 17, 2026

   The fund said it may sell new shares.

   Original document →

4. June 17, 2026

   The fund said it may sell new shares.

   Original document →

5. Aug 26, 2025

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by Nuveen Fund Advisors, LLC. Part of the Nuveen fund family. As of March 31, 2026, from the fund's yearly report. Original document →
• Size: about $908 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 3% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.2% a year in management fees; 0.3% a year in total, including interest on borrowed money. Fiscal year ended March 31, 2026. As of March 31, 2026, from the fund's yearly report. Original document →
  Among the 76 funds we follow that invest in tax-free municipal bonds, none charges a lower management fee and none charges less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $14 in the first year and about $54 over 10 years, assuming the holdings return 5% a year. As of March 31, 2026, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended March 31, 2026) the fund paid $0.63 a share, all of it income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of March 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (March 31, 2026): $14.18. The shares traded at $14.35, about 1.2% above that. As of March 31, 2026, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 3.8% below to 4.7% above. As of March 31, 2026, from the fund's annual report. Original document →
• How the holdings did: up 2.7% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 1995.

How this has changed

• Payouts per share: $0.63 in the fiscal year ended March 31, 2026; $0.62 in the year ended March 31, 2025; $0.58 in the year ended March 31, 2024.As of March 31, 2026, from the fund's annual report. Original document →
• None of those payouts was your own money back; all of it was income or gains.As of March 31, 2026, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 0.35% a year in the fiscal year ended March 31, 2026; 0.27% a year in the year ended March 31, 2025; 0.23% a year in the year ended March 31, 2024.As of March 31, 2026, from the fund's annual report. Original document →
• Size of the holdings: about $887 million at March 31, 2026; $724 million at March 31, 2025; $702 million at March 31, 2024. From the fund's quarterly holdings reports. Original documents: March 31, 2026 →, March 31, 2025 →, March 31, 2024 →.
• Borrowing: about 4% on top of its own money at March 31, 2026; 4% at March 31, 2025; none at March 31, 2024. From the fund's quarterly holdings reports. Original documents: March 31, 2026 →, March 31, 2025 →, March 31, 2024 →.
• The fund had about 62.6 million shares at March 31, 2026, up 30.5% from March 31, 2024.As of March 31, 2026, from the fund's annual report. Original document →
  In between, the fund said it may sell new shares. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended March 31, 2026: the shares returned +4.4%, counting payouts; the holdings +4.1%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of March 31, 2026, from the fund's annual report. Original document →
• The year ended March 31, 2025: the shares returned +3.8%, counting payouts; the holdings +1.4%. As of March 31, 2025, from the fund's annual report. Original document →
• The year ended March 31, 2024: the shares returned +5.1%, counting payouts; the holdings +4.7%. As of March 31, 2024, from the fund's annual report. Original document →
• The year ended March 31, 2023: the shares returned +3.2%, counting payouts; the holdings +0.1%. As of March 31, 2023, from the fund's annual report. Original document →
• The year ended March 31, 2022: the shares returned -14.2%, counting payouts; the holdings -4.2%. As of March 31, 2022, from the fund's annual report. Original document →
• Those five years together: the shares returned +1%. $10,000 of shares bought at the start (April 1, 2021) would have become about $10,100 by March 31, 2026, with every payout counted, before tax. As of March 31, 2026, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to June 30, 2026: +7.4%. The quarterly reports carry no share price, so this is the holdings alone. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Of the 58 funds that invest in tax-free municipal bonds with a fiscal year ending within six months of this one, 45 reported a higher share return for that year and 12 a lower one. As of March 31, 2026, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

All tax-free municipal bonds (100%). All of it issued in the U.S.

1. New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding - 2.9%
2. Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project - 2.7%
3. Port of Portland, Oregon, International Airport Revenue Bonds, Green Series 2023-29 - 1.7%
4. E-470 Public Highway Authority, Colorado, Senior Revenue Bonds - 1.6%
5. Lamar Consolidated Independent School District, Fort Bend County, Texas, General Obligation Bonds, Schoolhouse - 1.5%
6. Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Election 2008 Se - 1.5%
7. Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center - 1.2%
8. Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System - 1.1%
9. Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Social Series 2024-147A - 1.1%
10. Norwalk La Mirada Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2002 - 1.1%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →