NUV - Nuveen Municipal Value Fund

What this means for you

None of the investors we follow has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Oct 2, 2026

   The fund said it may sell new shares.

   Original document →

2. March 27, 2026

   The fund said it may sell new shares.

   Original document →

3. March 27, 2026

   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 Oct 31, 2025, from the fund's yearly report. Original document →
• Size: about $1.9 billion of holdings, as of July 31, 2026. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 7% on top of its own money, as of July 31, 2026. Borrowed money makes gains and losses bigger. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.4% a year in management fees; 0.7% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
  Among the 76 funds we follow that invest in tax-free municipal bonds, 3 charge a lower management fee and 4 charge 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.
• Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $0.39 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 Oct 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Oct 31, 2025): $9.20. The shares traded at $9.00, about 2.2% below that. As of Oct 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: down 0.5% over the last three months we have (May-July 2026), before the share price is taken into account. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 1995.

How this has changed

• Payouts per share: $0.39 in the fiscal year ended Oct 31, 2025; $0.35 in the year ended Oct 31, 2024; $0.34 in the year ended Oct 31, 2023.As of Oct 31, 2025, 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 Oct 31, 2025, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 0.66% a year in the fiscal year ended Oct 31, 2025; 0.6% a year in the year ended Oct 31, 2024; 0.53% a year in the year ended Oct 31, 2023.As of Oct 31, 2025, from the fund's annual report. Original document →
• Size of the holdings: about $1.91 billion at Oct 31, 2025; $1.93 billion at Oct 31, 2024; $1.8 billion at Oct 31, 2023. From the fund's quarterly holdings reports. Original documents: Oct 31, 2025 →, Oct 31, 2024 →, Oct 31, 2023 →.
• Borrowing: about 7% on top of its own money at Oct 31, 2025; 4% at Oct 31, 2024; none at Oct 31, 2023. From the fund's quarterly holdings reports. Original documents: Oct 31, 2025 →, Oct 31, 2024 →, Oct 31, 2023 →.
• The fund had about 208 million shares at Oct 31, 2025, about the same as at Oct 31, 2023.As of Oct 31, 2025, from the fund's annual report. 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 Oct 31, 2025: the shares returned +5.6%, counting payouts; the holdings +3.2%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Oct 31, 2025, from the fund's annual report. Original document →
• The year ended Oct 31, 2024: the shares returned +16.1%, counting payouts; the holdings +11.1%. As of Oct 31, 2024, from the fund's annual report. Original document →
• The year ended Oct 31, 2023: the shares returned -0.5%, counting payouts; the holdings +2.8%. As of Oct 31, 2023, from the fund's annual report. Original document →
• The year ended Oct 31, 2022: the shares returned -22.8%, counting payouts; the holdings -14.5%. As of Oct 31, 2022, from the fund's annual report. Original document →
• The year ended Oct 31, 2021: the shares returned +7.2%, counting payouts; the holdings +4.8%. As of Oct 31, 2021, from the fund's annual report. Original document →
• Those five years together: the shares returned +0.9%. $10,000 of shares bought at the start (Nov 1, 2020) would have become about $10,100 by Oct 31, 2025, with every payout counted, before tax. As of Oct 31, 2025, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to July 31, 2026: +5.9%. The quarterly reports carry no share price, so this is the holdings alone. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• Of the 46 funds that invest in tax-free municipal bonds with a fiscal year ending within six months of this one, 24 reported a higher share return for that year and 21 a lower one. As of Oct 31, 2025, 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. Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project - 3.1%
2. New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding - 2.5%
3. E-470 Public Highway Authority, Colorado, Senior Revenue Bonds - 1.8%
4. Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2 - 1.7%
5. New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2025A-4 - 1.3%
6. New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2019 Subseries S-3A - 0.9%
7. Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project J Bonds - 0.9%
8. Massachusetts State, General Obligation Bonds, Consolidated - 0.8%
9. Dormitory Authority of the State of New York, Revenue Bonds, New York University - 0.8%
10. Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Project - 0.8%

As of July 31, 2026, from the fund's quarterly holdings report. Original document →