Nuveen California Municipal Value Fund

Nuveen California Municipal Value Fund is a closed-ended fixed income mutual fund. The fund was launched by Nuveen Investments, Inc. and is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, primarily in municipal securities rated Baa/BBB or better. The fund's objective is to invest in securities that provide income exempt from federal and California income tax. Nuveen California Municipal Value Fund employs a fundamental analysis with a bottom-up stock picking approach to construct its portfolio. The performance of its portfolio is benchmarked against the S&P California Municipal Bond Index and the S&P National Municipal Bond Index. Nuveen California Municipal Value Fund was formed on October 7, 1987, and is domiciled in the United States.