NUV Fund Profile
- 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 InfoThe 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 PerformanceMorningstar 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.
- Year 2013: -7.55%
- Year 2012: 9.48%
- Year 2011: 12.90%
- Year 2010: -0.20%
NUV Fund HoldingsThis 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 FundPros:
- This Nuveen Municipal Value Fund has tax free high yield for income.
- There is no leverage being used.
- Performance has been lagging in 2014.