XNXNX

About XNXNX

Nuveen New York Select Tax-Free Income Fund is a closed-end municipal bond fund focused on generating income exempt from federal, New York State, and New York City personal income taxes. Managed by Nuveen Fund Advisors, the fund primarily invests in investment-grade municipal securities, allocating at least 80% of its managed assets to bonds rated at or above investment grade at the time of investment, with the remainder in securities of comparable or slightly lesser quality as assessed by the management team. The fund may also hold inverse floating rate municipal securities, aiming to enhance income while maintaining capital preservation as a core objective. Designed specifically for investors seeking stable, tax-advantaged income, the fund's holdings play a critical role in financing public projects across New York, such as infrastructure, education, and public services. Its tax-exempt distributions and focus on high credit quality make it an important vehicle for both individual and institutional investors looking to mitigate tax liabilities while supporting municipal development in New York State.