Nuveen California Municipal Value Fund, Inc. Overview
Pro stress-test →Nuveen California Municipal Value Fund is a diversified closed-end management investment company seeking current income exempt from both regular federal income taxes and California personal income tax. The fund was formed on October 7, 1987 and provides income exempt from federal and California income tax through municipal securities investments.
Strategic Profile
Pro stress-test →The fund invests primarily in municipal securities rated Baa/BBB or better, with a fundamental analysis and bottom-up stock picking approach benchmarked against the S&P California Municipal Bond Index. As a diversified closed-end management investment company listed on the NYSE under NCA with a municipal-bond income objective, it targets California tax-advantaged income for investors.
Competitive Landscape
Pro stress-test →NCA competes with other closed-end municipal bond funds and municipal bond ETFs focused on California. Similar closed-end funds include BlackRock MuniHoldings California Quality Fund and other Nuveen municipal fund offerings, along with open-end municipal funds and direct municipal bond investing.
Industry Context
Nuveen California Municipal Value Fund, Inc. operates in Closed-end municipal bond funds.
Key facts
Founded: 1987 · Headquarters: Chicago, IL · Employees: N/A · Revenue: N/A · Market cap: N/A