Nuveen New York Municipal Value Fund (NYSE: NNY) is a closed-end investment company managed by Nuveen, a leading global asset manager with deep expertise in municipal securities. The fund’s primary objective is to provide a high level of current income exempt from federal and New York state and local taxes. It achieves this by investing in a diversified portfolio of New York municipal obligations, aiming to balance yield, credit quality, and risk management.
The portfolio includes New York general obligation bonds, essential service revenue bonds, and transportation and infrastructure financings issued by state and local governments across the region. Nuveen’s research-driven approach emphasizes fundamental credit analysis and local market insights to identify opportunities in both larger metropolitan issuers and smaller municipal entities. The fund may also employ moderate leverage to enhance yield, consistent with its income-generation mandate.
Since its inception in 1988, Nuveen New York Municipal Value Fund has navigated various market environments, drawing on Nuveen’s heritage dating back to 1898 and its affiliation with TIAA, which began in 2014. This history underscores a long-standing commitment to municipal markets and to serving investors seeking tax-efficient income. Over time, the fund has leveraged Nuveen’s scale and credit research capabilities to respond to evolving fiscal and regulatory landscapes within New York’s public finance sector.
The fund is overseen by a dedicated team of municipal portfolio managers within Nuveen’s Municipal Credit Strategies group. Led by senior investment professionals, the team employs a disciplined, bottom-up process that integrates credit research, sector expertise, and risk controls. Through this framework, the fund aims to deliver consistent, tax-exempt distributions and to offer individual and institutional investors targeted exposure to New York’s municipal bond market.
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