Nuveen PA Municipal Value Fund:NPN

    Manage Alerts


    As of 10/11/2019

    52 Wk Avg$13.56$14.93-9.23%
    52 Wk High$15.68$15.441.69%
    52 Wk Low$12.12$14.43-16.82%
    Regular Distribution TypeIncome Only
    Distribution Rate3.23%
    Distribution Amount$0.0380
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to provide current income exempt from regular federal and Pennsylvania income taxes. Its secondary investment objective is to enhance portfolio value and total return.

    Capital Structure

    As of 10/11/2019

    Total Net Assets:$18.665M
    Total Common Assets:$18.661M
    Common Shares Outstanding:1,222,074

    As of 6/28/2019

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD):
    Structural Leverage (USD):
    Structural Leverage (%): 0.00%
    Effective Leverage (USD): $1.000M
    Effective Leverage (%): 4.38%
    Annual Expense Ratios

    As of 2/28/2019

      Per Common Share
    Management Fees0.58%
    Other Expenses:0.40%
    Baseline Expense: 0.98%
    Interest Expense:0.04%
    Total: 1.02%
    Fund Management

    Fund Sponsor
    Nuveen Fund Advisors

    Portfolio Managers
    Paul Brennan (31 Dec 2010)

    Category: Tax-Free Income-Pennsylvania
    Ticker: NPN
    NAV Ticker: XNPNX
    Average Daily Volume (shares): 3,000
    Average Daily Volume (USD): $0.036M
    Inception Date: 4/28/2009
    Inception Share Price: $15.00
    Inception NAV: $14.30
    Tender Offer: No
    Term: No
    Fiscal Year End: February 29
    Third Party Links & Reports


    As of 10/11/2019

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 8/31/2019
    Annualized Distribution Rate on NAV:
    As of 10/11/2019
    Total Return on NAV (12 months):
    As of 10/11/2019
    Avg. UNII Per Share:
    As of 8/31/2019
    Avg. Portfolio Coupon:
    As of 10/11/2019
    Total % Portfolio Effectively Leveraged:
    As of 10/11/2019
    Taxable Equivalent Yield

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/11/2019

    PeriodAvg Discount
    6 Month-6.07%
    1 Year-9.23%
    3 Year-3.13%
    5 Year-3.98%

    As of 10/14/2019

    3 Month-0.80
    6 Month-0.40
    1 Year0.50
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 10/11/2019
    Category: State Municipal PA Leveraged Non-Insured

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 10/11/2019
    Category: State Municipal PA Leveraged Non-Insured

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    As of 3/31/2019
    Average Coupon:
    As of 10/11/2019
    Number of Holdings:
    As of 8/31/2019
    Annual Portfolio Turnover:
    As of 2/28/2019
    As of 4/30/2019
    Average Bond Price:
    As of 4/30/2019
    Average Priced To Date:
    As of 4/30/2019
    Asset Allocation

    As of 4/30/2018 reported by Fund Sponsor

    Top Sectors

    As of 3/29/2019 reported by Fund Sponsor

    Health Care 18.76%
    US Guaranteed 16.96%
    Housing/Single Family 11.28%
    Transportation 8.13%
    Tax Obligation/General 7.56%
    Long Term Care 7.47%
    Education and Civic Organ7.32%
    Housing/Multifamily 6.91%
    Tax Obligation/Limited 5.21%
    Utilities 5.12%
    Call Exposure

    As of 6/28/2019 reported by Fund Sponsor

    Top Holdings

    As of 8/31/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    Pittsburgh Pa Urban Redev Auth 5.1% 5.10 20 Oct 2044$0.80M4.12%
    Pennsylvania St Tpk Commn Tpk Rev Bds 5% 5.00 01 Dec 2045$0.69M3.52%
    Guam Govt Ltd Obl Rev Rev Bds 5.75% 5.75 01 Dec 2034$0.56M2.85%
    Pennsylvania Hsg Fin Agy Singl Mtg 3.2% 3.20 01 Apr 2040$0.52M2.66%
    Pennsylvania St Tpk Commn Tpk Subor 5.5% 5.50 01 Dec 2034$0.51M2.60%
    Montgomery Cnty Pa Indl Dev Au Rev 6.25% 6.25 15 Nov 2029$0.51M2.59%
    ALLEGHENY CNTY PA HOSP DEV AUTH 4% 4.00 01 Apr 2044$0.50M2.58%
    District Columbia Tob Settleme Asse 6.5% 6.50 15 May 2033$0.46M2.36%
    Pittsburgh Pa Go Bds 5% 5.00 01 Sep 2026$0.44M2.28%
    Berks Cnty Pa Indl Dev Auth 5% 5.00 01 Nov 2050$0.44M2.25%
    Pennsylvania St Higher Edl Fac Rev Bd 5% 5.00 01 Jul 2035$0.35M1.79%
    Credit Quality

    As of 6/28/2019 reported by Fund Sponsor

    Maturity Breakdown

    As of 3/29/2019 reported by Fund Sponsor

    Country Allocation

    As of 6/30/2010 reported by Fund Sponsor

    Country% Portfolio
    USA 100.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.


    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    1 Taxable equivalent yield is the yield or distribution rate needed from a taxable investment to be economically equal to receiving the stated tax-free yield from a municipal bond investment. Please note that the income levels shown in the calculator do not reflect (i) any federal or state limitations on the amounts of allowable itemized deductions, phaseouts of personal or dependent exemption credits or other allowable credits, (ii) any local taxes imposed, or (iii) any alternative minimum taxes or any taxes other than personal income taxes. The user is responsible for selecting the applicable federal and, as applicable, state tax rates. The stated federal tax rates for joint incomes over $250,000 include the 3.8% medicare tax imposed on the net investment income of certain taxpayers with higher incomes. This calculator is for illustrative purposes only and is not intended to represent actual performance, or to predict future performance, of any Nuveen Investments product. Certain taxpayers may find their effective marginal tax rates to be greater than those shown in the calculator. In that case, the taxable equivalent yield may be even higher.

    The Tax Cuts and Jobs Act of 2017 doubles the standard deduction and implements a limit for itemizing state and local income taxes, state and local property taxes, and sales taxes on 2018 tax filings. Since it is expected that fewer investors will deduct state income taxes for federal filing purposes, this calculator does not contemplate a federal benefit for state taxes paid, and the effective tax rate therefore represents the applicable federal income tax rate plus the applicable state income tax rate. If you itemize your deductions and have not exceeded your cap on deducting state taxes, your taxable equivalent yield will generally be lower than the rate calculated above.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.