Nuveen California Municipal Value Fund (NCA)

• Market cap: $286M
• 1 day: -0.35%
• 5 days: -0.23%
• 1 month: 0.93%
• 3 months: -0.35%
• 6 months: -5.88%
• Year to date: 2.25%
• 1 year: -2.48%
• 5 years: -8.66%
• 10 years: -16.83%

About: Nuveen California Municipal Value Fund Inc is a diversified closed-end management investment company. Its primary objective is to provide current income exempt from regular federal and California income taxes. The fund's secondary objective is to enhance portfolio value relative to the California municipal bond market by investing in tax-exempt California municipal securities that the Fund's investment adviser and/or the Fund's sub-adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

17% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 12

5% more funds holding

Funds holding: 58 [Q3] → 61 (+3) [Q4]

1.41% more ownership

Funds ownership: 21.34% [Q3] → 22.75% (+1.41%) [Q4]

1% less capital invested

Capital invested by funds: $64.4M [Q3] → $63.7M (-$784K) [Q4]