Nuveen Municipal Value Fund Inc.
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$8.69
- Net Assets:$1,804.05 Million
- NAV:$9.41
- Premium-7.65%
- Peer Rank:62 of 116
- Investment Rating:D+
- Performance:D-
- RiskB-
We rate Nuveen Muni Value at D+. Negative factors that influence this rating include a well below average total return. The fund invests approximately 95% of its assets in bonds and may be considered for investors seeking a Municipal - National strategy.
Total return ranks well below peers over the last three years. The Nuveen Muni Value has returned an annual rate of 5.30% since inception. More recently, the fund has generated a total return of 1.38% in the last five years, -4.06% in the last three years, and 2.14% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 28% of them. It has also outpaced 17% of its competitors on a three year basis and 21% of them over the last year for the period ending 2/29/2024. On a year to date basis, NUV has returned 1.71%.
Downside risk has been below average. NUV has a draw down risk of -32.12%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.7%. This fund has had a low level of volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. On total assets of $1.80 billion, NUV maintains a low expense ratio compared to its Municipal - National peers of just 0.53% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As NUV is a closed end fund, it has no front end or back end load.
Manager tenure is a net positive but performance record lags managerial peers. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The Nuveen Muni Value has been managed by Daniel J. Close for the last 8 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 36% of other fund managers.