Nuveen New York Municipal Value Fund

Frequently Asked Questions About NNY

What does NNY invest in?

The Nuveen New York Municipal Value Fund, Inc. is a closed-end investment vehicle, originally established by Nuveen Investments, Inc., with a focus on fixed income. Management responsibilities are jointly handled by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It strategically allocates capital within New York's fixed income markets. Its portfolio primarily consists of tax-exempt municipal bonds, mandated to possess a credit rating of Baa/BBB or superior. Portfolio construction relies on fundamental analysis, utilizing a bottom-up selection approach to identify suitable bond investments. The fund measures its portfolio's performance against two key benchmarks: the Standard & Poor's New York Municipal Bond Index and the Standard & Poor's National Municipal Bond Index. Established on October 7, 1987, the fund is domiciled within the United States.

What is the expense ratio of NNY?

Nuveen New York Municipal Value Fund (NNY) charges an expense ratio of 0.58%. This is the annual fee deducted from fund assets to cover management and operations.

What is NNY's dividend yield?

NNY's trailing-twelve-month yield is 4.46%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NNY?

Effective duration measures NNY's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NNY's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NNY?

NNY's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NNY?

Yield to maturity (YTM) is the total return you'd earn from NNY if every bond in the portfolio is held to maturity at the current price. NNY's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.