Nuveen California Select Tax Free Income Closed Fund (NXC) - Net Assets
Based on the latest financial reports, Nuveen California Select Tax Free Income Closed Fund (NXC) has net assets worth $83.71 Million USD as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($84.50 Million) and total liabilities ($795.79K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NXC asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $83.71 Million |
| % of Total Assets | 99.06% |
| Annual Growth Rate | -0.23% |
| 5-Year Change | -12.1% |
| 10-Year Change | -10.22% |
| Growth Volatility | 6.35 |
Nuveen California Select Tax Free Income Closed Fund - Net Assets Trend (2007–2025)
This chart illustrates how Nuveen California Select Tax Free Income Closed Fund's net assets have evolved over time, based on quarterly financial data. Also explore Nuveen California Select Tax Free Income asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Nuveen California Select Tax Free Income Closed Fund (2007–2025)
The table below shows the annual net assets of Nuveen California Select Tax Free Income Closed Fund from 2007 to 2025. For live valuation and market cap data, see NXC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $88.42 Million | -0.61% |
| 2024-02-29 | $88.97 Million | +1.88% |
| 2023-02-28 | $87.32 Million | -9.37% |
| 2022-02-28 | $96.35 Million | -4.22% |
| 2021-02-28 | $100.60 Million | +2.64% |
| 2020-02-29 | $98.01 Million | +1.49% |
| 2019-02-28 | $96.57 Million | +1.28% |
| 2018-02-28 | $95.36 Million | +1.11% |
| 2017-02-28 | $94.31 Million | -4.25% |
| 2016-02-29 | $98.49 Million | +1.10% |
| 2015-02-28 | $97.42 Million | +4.74% |
| 2014-02-28 | $93.01 Million | -5.66% |
| 2013-02-28 | $98.59 Million | +18.86% |
| 2009-02-28 | $82.95 Million | -5.97% |
| 2008-02-29 | $88.22 Million | -4.29% |
| 2007-02-28 | $92.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nuveen California Select Tax Free Income Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 117.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $64.12K | 0.07% |
| Other Components | $89.24 Million | 100.92% |
| Total Equity | $88.42 Million | 100.00% |
Nuveen California Select Tax Free Income Closed Fund Competitors by Market Cap
The table below lists competitors of Nuveen California Select Tax Free Income Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Ruby Mills Limited
NSE:RUBYMILLS
|
$85.80 Million |
|
Cintac
SN:CINTAC
|
$85.85 Million |
|
Bumech S.A.
WAR:BMC
|
$85.87 Million |
|
Inpro SA
WAR:INP
|
$85.95 Million |
|
ZUARI INDUSTRIES LIMITED
NSE:ZUARIIND
|
$85.74 Million |
|
Transart Graphics Co Ltd
TW:8481
|
$85.72 Million |
|
SYNergy ScienTech Corp
TW:6558
|
$85.69 Million |
|
SinoMedia Holding Limited
F:SJY
|
$85.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nuveen California Select Tax Free Income Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 88,968,854 to 88,424,467, a change of -544,387 (-0.6%).
- Net income of 2,248,536 contributed positively to equity growth.
- Other factors decreased equity by 2,792,923.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.25 Million | +2.54% |
| Other Changes | $-2.79 Million | -3.16% |
| Total Change | $- | -0.61% |
Book Value vs Market Value Analysis
This analysis compares Nuveen California Select Tax Free Income Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.96x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.85x to 0.96x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-02-28 | $15.72 | $13.29 | x |
| 2014-02-28 | $14.83 | $13.29 | x |
| 2015-02-28 | $15.52 | $13.29 | x |
| 2016-02-29 | $15.68 | $13.29 | x |
| 2017-02-28 | $15.00 | $13.29 | x |
| 2018-02-28 | $15.01 | $13.29 | x |
| 2019-02-28 | $15.19 | $13.29 | x |
| 2020-02-29 | $15.43 | $13.29 | x |
| 2021-02-28 | $15.83 | $13.29 | x |
| 2022-02-28 | $15.15 | $13.29 | x |
| 2023-02-28 | $13.71 | $13.29 | x |
| 2024-02-29 | $13.98 | $13.29 | x |
| 2025-02-28 | $13.79 | $13.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nuveen California Select Tax Free Income Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 60.71%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.00x
- Recent ROE (2.54%) is below the historical average (2.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 5.58% | 93.48% | 0.06x | 1.01x | $-4.07 Million |
| 2008 | 0.08% | 1.53% | 0.05x | 1.02x | $-8.75 Million |
| 2009 | -1.45% | -26.70% | 0.05x | 1.00x | $-9.49 Million |
| 2013 | 8.47% | 178.12% | 0.05x | 1.03x | $-1.51 Million |
| 2014 | 0.29% | 5.79% | 0.05x | 1.00x | $-9.04 Million |
| 2015 | 9.57% | 208.33% | 0.04x | 1.04x | $-415.89K |
| 2016 | 5.29% | 115.24% | 0.05x | 1.00x | $-4.64 Million |
| 2017 | 0.25% | 5.75% | 0.04x | 1.00x | $-9.20 Million |
| 2018 | 4.40% | 97.46% | 0.04x | 1.00x | $-5.34 Million |
| 2019 | 4.54% | 94.17% | 0.05x | 1.00x | $-5.27 Million |
| 2020 | 4.80% | 97.92% | 0.05x | 1.01x | $-5.10 Million |
| 2021 | 5.82% | 143.32% | 0.04x | 1.01x | $-4.21 Million |
| 2022 | -1.44% | -39.73% | 0.04x | 1.01x | $-11.03 Million |
| 2023 | -6.87% | 0.00% | -0.07x | 1.00x | $-14.71 Million |
| 2024 | 5.73% | 98.28% | 0.06x | 1.00x | $-3.80 Million |
| 2025 | 2.54% | 60.71% | 0.04x | 1.00x | $-6.59 Million |
Industry Comparison
This section compares Nuveen California Select Tax Free Income Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $896,093,866
- Average return on equity (ROE) among peers: -12.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nuveen California Select Tax Free Income Closed Fund (NXC) | $83.71 Million | 5.58% | 0.01x | $85.77 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.79 Billion | 7.51% | 0.00x | $3.59 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $304.00 Million | 32.66% | 0.17x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $83.45 Million | -7.38% | 0.39x | $359.65 Million |
| Affiliated Managers Group Inc (AMG) | $1.30 Billion | -0.10% | 1.49x | $8.37 Billion |
| Ameriprise Financial Inc (AMP) | $4.73 Billion | 54.05% | 36.05x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $632.43 Million | 16.58% | 4.38x | $42.91 Million |
| Artisan Partners Asset Management Inc (APAM) | $-736.58 Million | 0.00% | 0.00x | $2.60 Billion |
About Nuveen California Select Tax Free Income Closed Fund
Nuveen California Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California. The fund invests in the securities of companies that operate across diversified sectors. It primarily invests in municipal bonds. … Read more