Nuveen Municipal Value Fund (NUV)

Nuveen Municipal Value Fund (NUV) is one of the popular municipal closed end funds. This bond fund seeks to provide current income exempt from federal income taxes and its secondary objective is the enhancement of portfolio value. It uses its assets to purchase selection of tax-exempt bonds and municipal market sectors.

NUV Fund Profile

    Nuveen Municipal Value Fund (NUV)
  • Fund Inception Date: 06/17/1987
  • Ticker Symbol: NUV
  • CUSIP: 670928100
  • Rank in category (YTD): 96%
  • Category: Municipal Bond
  • Distribution Rate: 4.34%
  • Effective Leverage: 0%
  • Capital Gains: -
  • Base Expense Ratio: 0.53%
  • Net Assets: $ 2.09 billion
  • Annual Turnover Rate: 51%

Nuveen Municipal Value Fund Info

The fund manager is Thomas C. Spalding Jr since 1987. With assets of $2.09 billion, it has total expense fee of 0.54%. The fund sponsor is Nuveen Fund Advisors. This tax free fund has a high yield of 4.34%.
This yield is equal to taxable equivalent yield of 6.67%. The current share price is $9.55.

More: Top Municipal Bond ETFs 2014

Fund Performance

Morningstar has ranked this Nuveen Municipal Value Fund with 2 stars and bronze rating. In 2014, the year-to-date return is 10.74%. This municipal bond fund has returned 4.20% over the past 3 year, 4.48% over the past 5 years, and 5.66% over the past 10 years.

Fund Performance:
  • Year 2013: -7.55%
  • Year 2012: 9.48%
  • Year 2011: 12.90%
  • Year 2010: -0.20%

NUV Fund Holdings

This Nuveen fund has 400 holdings in its portfolio. The annual portfolio turnover rate is 50%. The top 5 holdings are North Tex Twy Auth 01 Jan 2042, Central Tex Regl Mobility Auth 5% 5.00 01 Jan 2045, Grand Parkway Transn Corp Tex Toll 5% 5.00 01 Apr 2053, Foothill / Eastern Transn Corr Rev Bds 01 Jan 2022, and Illinois Dev Fin Auth 01 Jan 2019. The AMT is 4.24%. The average coupon is 3.35%. Top 3 sectors are limited tax obligation, health care, and transportation.

More: Nuveen Select Maturities Municipal Fund

Good and Bad of Nuveen Fund

  • This Nuveen Municipal Value Fund has tax free high yield for income.
  • There is no leverage being used.
  • Performance has been lagging in 2014.


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