Chairman’s Letter to Shareholders
|
4
|
Portfolio Managers’ Comments
|
5
|
Fund Leverage
|
10
|
Share Information
|
11
|
Risk Considerations
|
13
|
Performance Overview and Holding Summaries
|
15
|
Portfolios of Investments
|
19
|
Statement of Assets and Liabilities
|
57
|
Statement of Operations
|
58
|
Statement of Changes in Net Assets
|
59
|
Financial Highlights
|
62
|
Notes to Financial Statements
|
66
|
Reinvest Automatically, Easily and Conveniently
|
77
|
Glossary of Terms Used in this Report
|
79
|
Additional Fund Information
|
83
|
4
|
Nuveen Investments
|
Nuveen Investments
|
5
|
6
|
Nuveen Investments
|
Nuveen Investments
|
7
|
8
|
Nuveen Investments
|
Nuveen Investments
|
9
|
Effective
|
|||
Leverage
|
*
|
||
NUV
|
1.78%
|
||
NUW
|
6.99%
|
||
NMI
|
8.77%
|
||
NEV
|
31.96%
|
*
|
Effective Leverage is a Fund’s effective economic leverage, and includes both regulatory leverage and the leverage effects of certain derivative and other investments in a Fund’s portfolio that increase the Fund’s investment exposure. Currently, the leverage effects of Tender Option Bond (TOB) inverse floater holdings are included in effective leverage values.
|
10
|
Nuveen Investments
|
Per Common Share Amounts
|
|||||||||||||
NUV
|
NUW
|
NMI
|
NEV
|
||||||||||
November
|
$
|
0.0370
|
$
|
0.0670
|
$
|
0.0475
|
$
|
0.0800
|
|||||
December
|
0.0370
|
0.0670
|
0.0475
|
0.0800
|
|||||||||
January
|
0.0370
|
0.0670
|
0.0475
|
0.0800
|
|||||||||
February
|
0.0370
|
0.0670
|
0.0475
|
0.0800
|
|||||||||
March
|
0.0370
|
0.0670
|
0.0475
|
0.0800
|
|||||||||
April
|
0.0370
|
0.0670
|
0.0475
|
0.0800
|
|||||||||
Long-Term Capital Gain*
|
$
|
—
|
$
|
0.0090
|
$
|
—
|
$
|
—
|
|||||
Ordinary Income Distribution*
|
$
|
0.0035
|
$
|
—
|
$
|
0.0016
|
$
|
0.0031
|
|||||
Market Yield**
|
4.27%
|
4.58%
|
4.59%
|
5.91%
|
|||||||||
Taxable-Equivalent Yield**
|
5.93%
|
6.36%
|
6.38%
|
8.21%
|
*
|
Distribution paid in December 2012.
|
**
|
Market Yield is based on the Fund’s current annualized monthly dividend divided by the Fund’s current market price as of the end of the reporting period. Taxable-Equivalent Yield represents the yield that must be earned on a fully taxable investment in order to equal the yield of the Fund on an after-tax basis. It is based on a federal income tax rate of 28.0%. When comparing a Fund to investments that generate qualified dividend income, the Taxable-Equivalent Yield is lower.
|
Nuveen Investments
|
11
|
Weighted Average
|
|||
Shares Sold through
|
Premium to NAV
|
||
Fund
|
Equity Shelf Program
|
Per Share Sold
|
|
NUV
|
1,027,916
|
1.18%
|
|
NUW
|
163,893
|
1.71%
|
|
NEV
|
1,535,527
|
2.74%
|
NUV
|
NUW
|
NMI
|
NEV
|
||||||||||
NAV
|
$
|
10.40
|
$
|
17.81
|
$
|
11.75
|
$
|
16.04
|
|||||
Share Price
|
$
|
10.39
|
$
|
17.57
|
$
|
12.41
|
$
|
16.24
|
|||||
Premium/(Discount) to NAV
|
-0.10
|
%
|
-1.35
|
%
|
5.62
|
%
|
1.25
|
%
|
|||||
6-Month Average
|
|||||||||||||
Premium/(Discount) to NAV
|
-0.07
|
%
|
0.85
|
%
|
5.83
|
%
|
2.48
|
%
|
12
|
Nuveen Investments
|
Nuveen Investments
|
13
|
14
|
Nuveen Investments
|
Cumulative
|
Average Annual
|
||||||||||||
6-Month
|
1-Year
|
5-Year
|
10-Year
|
||||||||||
NUV at NAV
|
3.08%
|
8.15%
|
6.53%
|
5.64%
|
|||||||||
NUV at Share Price
|
2.39%
|
6.67%
|
6.04%
|
6.58%
|
|||||||||
S&P Municipal Bond Index
|
2.01%
|
5.74%
|
6.08%
|
5.16%
|
|||||||||
Lipper General & Insured Unleveraged Municipal Debt Funds Classification Average
|
2.67%
|
7.79%
|
5.89%
|
5.09%
|
Portfolio Composition1
|
||||
(as a % of total investments)
|
||||
Tax Obligation/Limited
|
22.0
|
%
|
||
Health Care
|
19.5
|
%
|
||
U.S. Guaranteed
|
11.9
|
%
|
||
Transportation
|
11.6
|
%
|
||
Tax Obligation/General
|
9.9
|
%
|
||
Consumer Staples
|
7.8
|
%
|
||
Utilities
|
6.1
|
%
|
||
Other
|
11.2
|
%
|
Credit Quality1,2,3
|
||||
(as a % of total investment exposure)
|
||||
AAA/U.S. Guaranteed
|
19.8
|
%
|
||
AA
|
28.8
|
%
|
||
A
|
23.7
|
%
|
||
BBB
|
15.9
|
%
|
||
BB or Lower
|
7.0
|
%
|
||
N/R
|
2.3
|
%
|
States1
|
||||
(as a % of total investments)
|
||||
California
|
14.4
|
%
|
||
Illinois
|
13.9
|
%
|
||
Texas
|
9.0
|
%
|
||
New York
|
6.7
|
%
|
||
Florida
|
4.8
|
%
|
||
Colorado
|
4.8
|
%
|
||
Washington
|
4.5
|
%
|
||
Michigan
|
4.0
|
%
|
||
Ohio
|
3.3
|
%
|
||
Wisconsin
|
3.2
|
%
|
||
Puerto Rico
|
3.2
|
%
|
||
Louisiana
|
3.1
|
%
|
||
New Jersey
|
2.9
|
%
|
||
Indiana
|
2.1
|
%
|
||
Pennsylvania
|
1.9
|
%
|
||
Other
|
18.2
|
%
|
1
|
Holdings are subject to change.
|
2
|
Ratings shown are the highest rating given by one of the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. Credit ratings are subject to change. AAA, AA, A and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by these national rating agencies.
|
3
|
Percentage may not add to 100% due to the exclusion of Other Assets Less Liabilities from the table.
|
Nuveen Investments
|
15
|
Cumulative
|
Average Annual
|
|||||||||
6-Month
|
1-Year
|
Since Inception4
|
||||||||
NUW at NAV
|
2.50%
|
8.53%
|
10.98%
|
|||||||
NUW at Share Price
|
(3.64)%
|
8.28%
|
9.45%
|
|||||||
S&P Municipal Bond Index
|
2.01%
|
5.74%
|
7.53%
|
|||||||
Lipper General & Insured Unleveraged Municipal Debt Funds Classification Average
|
2.67%
|
7.79%
|
8.32%
|
Portfolio Composition1
|
||||
(as a % of total investments)
|
||||
Health Care
|
22.5
|
%
|
||
Tax Obligation/Limited
|
21.0
|
%
|
||
Transportation
|
11.2
|
%
|
||
Tax Obligation/General
|
10.4
|
%
|
||
Utilities
|
8.6
|
%
|
||
Consumer Staples
|
8.5
|
%
|
||
Water and Sewer
|
6.1
|
%
|
||
Other
|
11.7
|
%
|
Credit Quality1,2,3
|
||||
(as a % of total investment exposure)
|
||||
AAA/U.S. Guaranteed
|
5.4
|
%
|
||
AA
|
32.8
|
%
|
||
A
|
36.7
|
%
|
||
BBB
|
16.1
|
%
|
||
BB or Lower
|
6.5
|
%
|
||
N/R
|
1.1
|
%
|
States1
|
||||
(as a % of total investments)
|
||||
Illinois
|
10.7
|
%
|
||
California
|
10.0
|
%
|
||
Florida
|
8.2
|
%
|
||
Wisconsin
|
7.6
|
%
|
||
Louisiana
|
7.4
|
%
|
||
Ohio
|
6.7
|
%
|
||
Texas
|
5.9
|
%
|
||
Indiana
|
5.6
|
%
|
||
Colorado
|
5.2
|
%
|
||
Puerto Rico
|
4.8
|
%
|
||
Michigan
|
4.4
|
%
|
||
Arizona
|
4.2
|
%
|
||
Other
|
19.3
|
%
|
1
|
Holdings are subject to change.
|
2
|
Ratings shown are the highest rating given by one of the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. Credit ratings are subject to change. AAA, AA, A and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by these national rating agencies.
|
3
|
Percentage may not add to 100% due to the exclusion of Other Assets Less Liabilities from the table.
|
4
|
Since inception returns are from 2/25/09.
|
16
|
Nuveen Investments
|
Cumulative
|
Average Annual
|
||||||||||||
6-Month
|
1-Year
|
5-Year
|
10-Year
|
||||||||||
NMI at NAV
|
3.26%
|
9.02%
|
7.76%
|
6.31%
|
|||||||||
NMI at Share Price
|
0.41%
|
10.73%
|
8.92%
|
6.56%
|
|||||||||
S&P Municipal Bond Index
|
2.01%
|
5.74%
|
6.08%
|
5.16%
|
|||||||||
Lipper General & Insured Unleveraged Municipal Debt Funds Classification Average
|
2.67%
|
7.79%
|
5.89%
|
5.09%
|
Portfolio Composition1
|
||||
(as a % of total investments)
|
||||
Health Care
|
20.7
|
%
|
||
Tax Obligation/Limited
|
17.1
|
%
|
||
Education and Civic Organizations
|
12.9
|
%
|
||
Tax Obligation/General
|
10.6
|
%
|
||
Transportation
|
6.7
|
%
|
||
Utilities
|
6.5
|
%
|
||
Water and Sewer
|
6.2
|
%
|
||
U.S. Guaranteed
|
5.9
|
%
|
||
Other
|
13.4
|
%
|
Credit Quality1,2,3
|
||||
(as a % of total investment exposure)
|
||||
AAA/U.S. Guaranteed
|
9.8
|
%
|
||
AA
|
24.1
|
%
|
||
A
|
30.6
|
%
|
||
BBB
|
23.5
|
%
|
||
BB or Lower
|
5.0
|
%
|
||
N/R
|
5.5
|
%
|
States1
|
||||
(as a % of total investments)
|
||||
California
|
19.5
|
%
|
||
Illinois
|
10.8
|
%
|
||
Texas
|
8.7
|
%
|
||
Colorado
|
8.5
|
%
|
||
Missouri
|
7.2
|
%
|
||
Wisconsin
|
5.0
|
%
|
||
New York
|
4.7
|
%
|
||
Florida
|
4.3
|
%
|
||
Ohio
|
4.1
|
%
|
||
Pennsylvania
|
3.8
|
%
|
||
Kentucky
|
2.8
|
%
|
||
Indiana
|
1.9
|
%
|
||
Other
|
18.7
|
%
|
1
|
Holdings are subject to change.
|
2
|
Ratings shown are the highest rating given by one of the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. Credit ratings are subject to change. AAA, AA, A and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by these national rating agencies.
|
3
|
Percentage may not add to 100% due to the exclusion of Other Assets Less Liabilities from the table.
|
Nuveen Investments
|
17
|
Cumulative
|
Average Annual
|
|||||||||
6-Month
|
1-Year
|
Since Inception5
|
||||||||
NEV at NAV
|
4.49%
|
12.36%
|
9.89%
|
|||||||
NEV at Share Price
|
3.56%
|
12.72%
|
8.95%
|
|||||||
S&P Municipal Bond Index
|
2.01%
|
5.74%
|
5.90%
|
|||||||
Lipper General & Insured Leveraged Municipal Debt Funds Classification Average
|
3.21%
|
10.58%
|
9.83%
|
Portfolio Composition1,4
|
||||
(as a % of total investments)
|
||||
Tax Obligation/Limited
|
21.9
|
%
|
||
Health Care
|
15.2
|
%
|
||
Transportation
|
14.2
|
%
|
||
Education and Civic Organizations
|
11.6
|
%
|
||
Tax Obligation/General
|
9.9
|
%
|
||
Consumer Staples
|
6.4
|
%
|
||
Long-Term Care
|
4.7
|
%
|
||
Housing/Multifamily
|
3.9
|
%
|
||
Other
|
12.2
|
%
|
Credit Quality1,2,3
|
||||
(as a % of total investment exposure)
|
||||
AAA
|
51.2
|
%
|
||
AA
|
13.7
|
%
|
||
A
|
12.0
|
%
|
||
BBB
|
11.3
|
%
|
||
BB or Lower
|
10.8
|
%
|
States1
|
||||
(as a % of total investments)
|
||||
California
|
18.0
|
%
|
||
Illinois
|
12.4
|
%
|
||
Florida
|
6.5
|
%
|
||
Georgia
|
5.9
|
%
|
||
Ohio
|
5.7
|
%
|
||
Pennsylvania
|
5.3
|
%
|
||
Wisconsin
|
5.1
|
%
|
||
Michigan
|
4.9
|
%
|
||
Colorado
|
3.9
|
%
|
||
Arizona
|
3.7
|
%
|
||
Texas
|
3.5
|
%
|
||
New York
|
3.3
|
%
|
||
Washington
|
2.0
|
%
|
||
Other
|
19.8
|
%
|
1
|
Holdings are subject to change.
|
2
|
Ratings shown are the highest rating given by one of the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. Credit ratings are subject to change. AAA, AA, A and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by these national rating agencies.
|
3
|
Percentage may not add to 100% due to the exclusion of Other Assets Less Liabilities from the table.
|
4
|
Excluding investments in derivatives.
|
5
|
Since inception returns are from 9/25/09.
|
18
|
Nuveen Investments
|
Nuveen Municipal Value Fund, Inc.
|
||
NUV
|
Portfolio of Investments
|
|
April 30, 2013 (Unaudited)
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Municipal Bonds – 98.2%
|
|||||||||
Alaska – 0.9%
|
|||||||||
$
|
3,335
|
Alaska Housing Finance Corporation, General Housing Purpose Bonds, Series 2005A, 5.000%, 12/01/30 – FGIC Insured
|
12/14 at 100.00
|
AA+
|
$
|
3,534,833
|
|||
5,000
|
Alaska Housing Finance Corporation, General Housing Purpose Bonds, Series 2005B-2, 5.250%, 12/01/30 – NPFG Insured
|
6/15 at 100.00
|
AA+
|
5,198,950
|
|||||
3,000
|
Anchorage, Alaska, General Obligation Bonds, Series 2003B, 5.000%, 9/01/23 (Pre-refunded 9/01/13) – FGIC Insured
|
9/13 at 100.00
|
AA+ (4)
|
3,048,120
|
|||||
5,405
|
CivicVentures, Alaska, Anchorage Convention Center Revenue Bonds, Series 2006, 5.000%, 9/01/34 – NPFG Insured
|
9/15 at 100.00
|
A1
|
5,819,618
|
|||||
2,500
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 5.000%, 6/01/32
|
6/14 at 100.00
|
B+
|
2,339,275
|
|||||
19,240
|
Total Alaska
|
19,940,796
|
|||||||
Arizona – 0.6%
|
|||||||||
2,500
|
Phoenix Civic Improvement Corporation, Arizona, Senior Lien Airport Revenue Bonds, Series 2008A, 5.000%, 7/01/38
|
7/18 at 100.00
|
AA–
|
2,830,425
|
|||||
2,575
|
Quechan Indian Tribe of the Fort Yuma Reservation, Arizona, Government Project Bonds, Series 2008, 7.000%, 12/01/27
|
12/17 at 102.00
|
CCC
|
2,291,596
|
|||||
5,600
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37
|
No Opt. Call
|
A–
|
6,291,320
|
|||||
1,000
|
Scottsdale Industrial Development Authority, Arizona, Hospital Revenue Bonds, Scottsdale Healthcare, Series 2008A, 5.250%, 9/01/30
|
9/13 at 100.00
|
A2
|
1,005,360
|
|||||
11,675
|
Total Arizona
|
12,418,701
|
|||||||
Arkansas – 0.1%
|
|||||||||
1,150
|
Benton Washington Regional Public Water Authority, Arkansas, Water Revenue Bonds, Refunding & Improvement Series 2007, 4.750%, 10/01/33 – SYNCORA GTY Insured
|
10/17 at 100.00
|
A–
|
1,239,010
|
|||||
California – 14.1%
|
|||||||||
6,235
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Gold Country Settlement Funding Corporation, Series 2006, 0.000%, 6/01/33
|
6/13 at 100.00
|
CCC
|
1,602,395
|
|||||
California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanante System, Series 2006:
|
|||||||||
5,000
|
5.000%, 4/01/37 – BHAC Insured
|
4/16 at 100.00
|
AA+
|
5,486,350
|
|||||
6,000
|
5.000%, 4/01/37
|
4/16 at 100.00
|
A+
|
6,533,280
|
|||||
2,335
|
California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Series 2010A, 5.750%, 7/01/40
|
7/20 at 100.00
|
Baa2
|
2,588,137
|
|||||
2,130
|
California Pollution Control Financing Authority, Revenue Bonds, Pacific Gas and Electric Company, Series 2004C, 4.750%, 12/01/23 – FGIC Insured (Alternative Minimum Tax)
|
6/17 at 100.00
|
A3
|
2,381,276
|
|||||
2,500
|
California State Public Works Board, Lease Revenue Bonds, Department of Corrections, Series 2003C, 5.500%, 6/01/22 (Pre-refunded 12/01/13)
|
12/13 at 100.00
|
AAA
|
2,575,575
|
|||||
California State, General Obligation Bonds, Series 2003:
|
|||||||||
7,450
|
5.250%, 2/01/28
|
8/13 at 100.00
|
A1
|
7,534,632
|
|||||
2,235
|
5.000%, 2/01/33
|
8/13 at 100.00
|
A1
|
2,257,663
|
|||||
California State, General Obligation Bonds, Series 2003:
|
|||||||||
5,360
|
5.250%, 2/01/28 (Pre-refunded 8/01/13)
|
8/13 at 100.00
|
Aaa
|
5,427,429
|
|||||
1,790
|
5.250%, 2/01/28 (Pre-refunded 8/01/13)
|
8/13 at 100.00
|
Aaa
|
1,812,518
|
|||||
8,425
|
5.000%, 2/01/33 (Pre-refunded 8/01/13)
|
8/13 at 100.00
|
Aaa
|
8,527,364
|
|||||
590
|
5.000%, 2/01/33 (Pre-refunded 8/01/13)
|
8/13 at 100.00
|
Aaa
|
597,045
|
|||||
16,000
|
California State, General Obligation Bonds, Various Purpose Series 2007, 5.000%, 6/01/37
|
6/17 at 100.00
|
A1
|
17,295,200
|
|||||
5,000
|
California State, General Obligation Bonds, Various Purpose Series 2011, 5.000%, 10/01/41
|
10/21 at 100.00
|
A1
|
5,571,650
|
|||||
6,480
|
California Statewide Community Development Authority, Certificates of Participation, Internext Group, Series 1999, 5.375%, 4/01/17
|
10/13 at 100.00
|
BBB
|
6,500,153
|
Nuveen Investments
|
19
|
Nuveen Municipal Value Fund, Inc. (continued)
|
||
NUV
|
Portfolio of Investments
|
|
April 30, 2013 (Unaudited)
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
California (continued)
|
|||||||||
$
|
3,125
|
California Statewide Community Development Authority, Revenue Bonds, Methodist Hospital Project, Series 2009, 6.750%, 2/01/38
|
8/19 at 100.00
|
Aa2
|
$
|
3,851,563
|
|||
3,600
|
California Statewide Community Development Authority, Revenue Bonds, St. Joseph Health System, Series 2007A, 5.750%, 7/01/47 – FGIC Insured
|
7/18 at 100.00
|
AA–
|
4,164,948
|
|||||
5,000
|
Coast Community College District, Orange County, California, General Obligation Bonds, Series 2006C, 0.000%, 8/01/32 – AGM Insured
|
8/18 at 100.00
|
Aa1
|
5,425,000
|
|||||
4,505
|
Covina-Valley Unified School District, Los Angeles County, California, General Obligation Bonds, Series 2003B, 0.000%, 6/01/28 – FGIC Insured
|
No Opt. Call
|
A+
|
2,260,068
|
|||||
16,045
|
Desert Community College District, Riverside County, California, General Obligation Bonds, Election 2004 Series 2007C, 0.000%, 8/01/33 – AGM Insured
|
8/17 at 42.63
|
Aa2
|
5,709,292
|
|||||
30,000
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series 1995A, 0.000%, 1/01/22 (ETM)
|
No Opt. Call
|
Aaa
|
25,452,900
|
|||||
21,150
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2003B, 5.000%, 6/01/38 (Pre-refunded 6/01/13) – AMBAC Insured
|
6/13 at 100.00
|
Aaa
|
21,236,292
|
|||||
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Series 2005A:
|
|||||||||
11,830
|
5.000%, 6/01/38 – FGIC Insured
|
6/15 at 100.00
|
A2
|
12,396,420
|
|||||
15,000
|
5.000%, 6/01/45
|
6/15 at 100.00
|
A2
|
15,652,950
|
|||||
3,540
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2003A-1, 6.750%, 6/01/39 (Pre-refunded 6/01/13)
|
6/13 at 100.00
|
Aaa
|
3,559,789
|
|||||
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1:
|
|||||||||
11,060
|
4.500%, 6/01/27
|
6/17 at 100.00
|
B
|
10,789,030
|
|||||
7,870
|
5.000%, 6/01/33
|
6/17 at 100.00
|
B
|
7,259,918
|
|||||
1,500
|
5.125%, 6/01/47
|
6/17 at 100.00
|
B
|
1,306,440
|
|||||
4,500
|
Hemet Unified School District, Riverside County, California, General Obligation Bonds, Series 2008B, 5.125%, 8/01/37 – AGC Insured
|
8/16 at 102.00
|
AA–
|
5,057,865
|
|||||
6,280
|
Los Angeles County Metropolitan Transportation Authority, California, Proposition A First Tier Senior Sales Tax Revenue Bonds, Series 2003A, 5.000%, 7/01/17 (Pre-refunded 7/01/13) – AGM Insured
|
7/13 at 100.00
|
AAA
|
6,330,868
|
|||||
4,000
|
Los Angeles Regional Airports Improvement Corporation, California, Sublease Revenue Bonds, Los Angeles International Airport, American Airlines Inc. Terminal 4 Project, Series 2002C, 7.500%, 12/01/24 (Alternative Minimum Tax)
|
12/13 at 101.00
|
N/R
|
4,086,760
|
|||||
Merced Union High School District, Merced County, California, General Obligation Bonds, Series 1999A:
|
|||||||||
2,500
|
0.000%, 8/01/23 – FGIC Insured
|
No Opt. Call
|
AA–
|
1,734,525
|
|||||
2,555
|
0.000%, 8/01/24 – FGIC Insured
|
No Opt. Call
|
AA–
|
1,661,235
|
|||||
2,365
|
Montebello Unified School District, Los Angeles County, California, General Obligation Bonds, Series 2004, 0.000%, 8/01/27 – FGIC Insured
|
No Opt. Call
|
A+
|
1,246,379
|
|||||
4,405
|
Moreland School District, Santa Clara County, California, General Obligation Bonds, Series 2004D, 0.000%, 8/01/32 – FGIC Insured
|
No Opt. Call
|
AA+
|
1,559,018
|
|||||
3,550
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Series 2009C, 6.500%, 11/01/39
|
No Opt. Call
|
A
|
4,853,560
|
|||||
7,200
|
Napa Valley Community College District, Napa and Sonoma Counties, California, General Obligation Bonds, Election 2002 Series 2007C, 0.000%, 8/01/29 – NPFG Insured
|
8/17 at 54.45
|
Aa2
|
3,345,480
|
|||||
3,600
|
New Haven Unified School District, Alameda County, California, General Obligation Bonds, Series 2004A, 0.000%, 8/01/28 – NPFG Insured
|
No Opt. Call
|
Aa3
|
1,680,516
|
|||||
4,900
|
Ontario, California, Certificates of Participation, Water System Improvement Project, Refunding Series 2004, 5.000%, 7/01/29 – NPFG Insured
|
7/14 at 100.00
|
AA
|
5,119,030
|
|||||
2,350
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009, 6.750%, 11/01/39
|
11/19 at 100.00
|
Baa3
|
2,662,926
|
|||||
10,150
|
Placer Union High School District, Placer County, California, General Obligation Bonds, Series 2004C, 0.000%, 8/01/33 – AGM Insured
|
No Opt. Call
|
AA
|
4,028,637
|
|||||
2,780
|
Rancho Mirage Joint Powers Financing Authority, California, Certificates of Participation, Eisenhower Medical Center, Series 1997B, 4.875%, 7/01/22 – NPFG Insured
|
7/15 at 102.00
|
Baa2
|
2,910,326
|
|||||
8,000
|
Rancho Mirage Joint Powers Financing Authority, California, Revenue Bonds, Eisenhower Medical Center, Series 2004, 5.625%, 7/01/34 (Pre-refunded 7/01/14)
|
7/14 at 100.00
|
Baa2 (4)
|
8,498,400
|
20
|
Nuveen Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
California (continued)
|
|||||||||
$
|
15,505
|
Riverside Public Financing Authority, California, Tax Allocation Bonds, University Corridor, Series 2007C, 5.000%, 8/01/37 – NPFG Insured
|
8/17 at 100.00
|
BBB+
|
$
|
15,903,479
|
|||
San Bruno Park School District, San Mateo County, California, General Obligation Bonds, Series 2000B:
|
|||||||||
2,575
|
0.000%, 8/01/24 – FGIC Insured
|
No Opt. Call
|
AA
|
1,773,274
|
|||||
2,660
|
0.000%, 8/01/25 – FGIC Insured
|
No Opt. Call
|
AA
|
1,721,605
|
|||||
250
|
San Francisco Redevelopment Financing Authority, California, Tax Allocation Revenue Bonds, Mission Bay South Redevelopment Project, Series 2011D, 7.000%, 8/01/41
|
2/21 at 100.00
|
BBB
|
291,035
|
|||||
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Refunding Bonds, Series 1997A:
|
|||||||||
11,990
|
0.000%, 1/15/25 – NPFG Insured
|
No Opt. Call
|
Baa2
|
6,943,889
|
|||||
14,740
|
0.000%, 1/15/35 – NPFG Insured
|
No Opt. Call
|
Baa2
|
4,971,212
|
|||||
5,000
|
San Jose, California, Airport Revenue Bonds, Series 2007A, 6.000%, 3/01/47 – AMBAC Insured (Alternative Minimum Tax)
|
3/17 at 100.00
|
A2
|
5,671,200
|
|||||
13,220
|
San Mateo County Community College District, California, General Obligation Bonds, Series 2006A, 0.000%, 9/01/28 – NPFG Insured
|
No Opt. Call
|
Aaa
|
7,770,716
|
|||||
5,000
|
San Mateo Union High School District, San Mateo County, California, General Obligation Bonds, Election of 2000, Series 2002B, 0.000%, 9/01/24 – FGIC Insured
|
No Opt. Call
|
Aa1
|
3,609,650
|
|||||
2,000
|
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Refunding Series 2005A-2, 5.400%, 6/01/27
|
6/17 at 100.00
|
B+
|
2,004,620
|
|||||
1,300
|
University of California, General Revenue Bonds, Refunding Series 2009O, 5.250%, 5/15/39
|
5/19 at 100.00
|
Aa1
|
1,519,544
|
|||||
355,130
|
Total California
|
302,711,026
|
|||||||
Colorado – 4.7%
|
|||||||||
5,000
|
Arkansas River Power Authority, Colorado, Power Revenue Bonds, Series 2006, 5.250%, 10/01/40 – SYNCORA GTY Insured
|
10/16 at 100.00
|
BBB–
|
5,097,600
|
|||||
5,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2006A, 4.500%, 9/01/38
|
9/16 at 100.00
|
AA–
|
5,222,450
|
|||||
1,700
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Poudre Valley Health System, Series 2005C, 5.250%, 3/01/40 – AGM Insured
|
9/18 at 102.00
|
AA–
|
1,928,446
|
|||||
15,925
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40
|
1/20 at 100.00
|
AA
|
17,408,414
|
|||||
750
|
Colorado Health Facilities Authority, Revenue Bonds, Longmont United Hospital, Series 2006B, 5.000%, 12/01/23 – RAAI Insured
|
12/16 at 100.00
|
Baa2
|
779,565
|
|||||
2,000
|
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Series 2012A, 5.000%, 3/01/41
|
3/22 at 100.00
|
Aa2
|
2,289,180
|
|||||
18,915
|
Denver, Colorado, Airport System Revenue Refunding Bonds, Series 2003B, 5.000%, 11/15/33 (Pre-refunded 11/15/13) – SYNCORA GTY Insured
|
11/13 at 100.00
|
A+ (4)
|
19,406,223
|
|||||
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B:
|
|||||||||
24,200
|
0.000%, 9/01/31 – NPFG Insured
|
No Opt. Call
|
Baa2
|
10,042,032
|
|||||
17,000
|
0.000%, 9/01/32 – NPFG Insured
|
No Opt. Call
|
Baa2
|
6,623,030
|
|||||
7,600
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Refunding Series 2006B, 0.000%, 9/01/39 – NPFG Insured
|
9/26 at 52.09
|
Baa2
|
1,957,000
|
|||||
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B:
|
|||||||||
7,500
|
0.000%, 9/01/27 – NPFG Insured
|
9/20 at 67.94
|
Baa2
|
3,677,325
|
|||||
10,075
|
0.000%, 3/01/36 – NPFG Insured
|
9/20 at 41.72
|
Baa2
|
2,891,525
|
|||||
5,000
|
Ebert Metropolitan District, Colorado, Limited Tax General Obligation Bonds, Series 2007, 5.350%, 12/01/37 – RAAI Insured
|
12/17 at 100.00
|
N/R
|
4,992,950
|
|||||
7,000
|
Northwest Parkway Public Highway Authority, Colorado, Revenue Bonds, Senior Series 2001C, 5.700%, 6/15/21 (Pre-refunded 6/15/16) – AMBAC Insured
|
6/16 at 100.00
|
N/R (4)
|
8,110,480
|
|||||
5,000
|
Rangely Hospital District, Rio Blanco County, Colorado, General Obligation Bonds, Refunding Series 2011, 6.000%, 11/01/26
|
11/21 at 100.00
|
Baa1
|
5,994,450
|
|||||
3,750
|
Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private Activity Bonds, Series 2010, 6.000%, 1/15/41
|
7/20 at 100.00
|
Baa3
|
4,377,488
|
|||||
136,415
|
Total Colorado
|
100,798,158
|
Nuveen Investments
|
21
|
Nuveen Municipal Value Fund, Inc. (continued)
|
||
NUV
|
Portfolio of Investments
|
|
April 30, 2013 (Unaudited)
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Connecticut – 0.3%
|
|||||||||
$
|
1,500
|
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford Healthcare, Series 2011A, 5.000%, 7/01/41
|
7/21 at 100.00
|
A
|
$
|
1,632,465
|
|||
8,670
|
Mashantucket Western Pequot Tribe, Connecticut, Subordinate Special Revenue Bonds, Series 2007A, 5.750%, 9/01/34 (5)
|
11/17 at 100.00
|
N/R
|
4,085,998
|
|||||
10,170
|
Total Connecticut
|
5,718,463
|
|||||||
District of Columbia – 0.5%
|
|||||||||
10,000
|
Washington Convention Center Authority, District of Columbia, Dedicated Tax Revenue Bonds, Senior Lien Refunding Series 2007A, 4.500%, 10/01/30 – AMBAC Insured
|
10/16 at 100.00
|
A1
|
10,185,200
|
|||||
Florida – 4.7%
|
|||||||||
3,000
|
Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%, 10/01/41 – AGM Insured
|
10/21 at 100.00
|
AA–
|
3,385,080
|
|||||
4,285
|
Escambia County Health Facilities Authority, Florida, Revenue Bonds, Ascension Health Credit Group, Series 2002C, 5.750%, 11/15/32
|
11/13 at 100.00
|
AA+
|
4,343,790
|
|||||
10,000
|
Florida State Board of Education, Public Education Capital Outlay Bonds, Series 2005E, 4.500%, 6/01/35 (UB)
|
6/15 at 101.00
|
AAA
|
10,736,900
|
|||||
2,650
|
Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, Tampa General Hospital, Series 2006, 5.250%, 10/01/41
|
10/16 at 100.00
|
A3
|
2,773,331
|
|||||
3,000
|
JEA, Florida, Electric System Revenue Bonds, Series Three 2006A, 5.000%, 10/01/41 – AGM Insured
|
4/15 at 100.00
|
Aa2
|
3,191,760
|
|||||
1,995
|
JEA, Florida, Water and Sewerage System Revenue Bonds, Series 2004A, 5.000%, 10/01/21 – FGIC Insured
|
10/13 at 100.00
|
AA
|
2,035,399
|
|||||
5,000
|
Marion County Hospital District, Florida, Revenue Bonds, Munroe Regional Medical Center, Series 2007, 5.000%, 10/01/34
|
10/17 at 100.00
|
A–
|
5,360,600
|
|||||
4,090
|
Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series 2010A, 5.000%, 7/01/40
|
7/20 at 100.00
|
A–
|
4,471,761
|
|||||
9,500
|
Miami-Dade County Health Facility Authority, Florida, Hospital Revenue Bonds, Miami Children’s Hospital, Series 2010A, 6.000%, 8/01/46
|
8/21 at 100.00
|
A
|
11,275,170
|
|||||
4,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2010B, 5.000%, 10/01/29
|
10/20 at 100.00
|
A
|
4,538,480
|
|||||
9,340
|
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2010, 5.000%, 10/01/39 – AGM Insured
|
10/20 at 100.00
|
Aa2
|
10,537,668
|
|||||
2,900
|
Orange County, Florida, Tourist Development Tax Revenue Bonds, Series 2006, 5.000%, 10/01/31 – SYNCORA GTY Insured
|
10/16 at 100.00
|
AA–
|
3,195,974
|
|||||
3,250
|
Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Jupiter Medical Center, Series 2013A, 5.000%, 11/01/43 (WI/DD, Settling 5/07/13)
|
11/22 at 100.00
|
BBB+
|
3,435,023
|
|||||
9,250
|
Port Saint Lucie, Florida, Special Assessment Revenue Bonds, Southwest Annexation District 1B, Series 2007, 5.000%, 7/01/40 – NPFG Insured
|
7/17 at 100.00
|
Baa2
|
9,737,660
|
|||||
2,500
|
Seminole Tribe of Florida, Special Obligation Bonds, Series 2007A, 144A, 5.250%, 10/01/27
|
10/17 at 100.00
|
BBB–
|
2,698,125
|
|||||
14,730
|
South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System Obligation Group, Series 2007, 5.000%, 8/15/42 (UB)
|
8/17 at 100.00
|
AA
|
16,140,545
|
|||||
3,300
|
Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2012A, 5.000%, 11/15/33
|
5/22 at 100.00
|
Aa2
|
3,764,508
|
|||||
92,790
|
Total Florida
|
101,621,774
|
|||||||
Georgia – 0.8%
|
|||||||||
10,240
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 1999A, 5.000%, 11/01/38 – FGIC Insured
|
5/13 at 100.00
|
A1
|
10,272,051
|
|||||
2,500
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2001A, 5.000%, 11/01/33 – NPFG Insured
|
5/13 at 100.00
|
A1
|
2,507,750
|
|||||
4,400
|
Augusta, Georgia, Water and Sewerage Revenue Bonds, Series 2004, 5.250%, 10/01/39 – AGM Insured
|
10/14 at 100.00
|
AA–
|
4,663,824
|
|||||
17,140
|
Total Georgia
|
17,443,625
|
|||||||
Hawaii – 0.3%
|
|||||||||
7,140
|
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric Company Inc., Series 1997A, 5.650%, 10/01/27 – NPFG Insured
|
10/13 at 100.00
|
Baa2
|
7,218,897
|
22
|
Nuveen Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Illinois – 13.6%
|
|||||||||
$
|
17,205
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax Revenues, Series 1998B-1, 0.000%, 12/01/24 – FGIC Insured
|
No Opt. Call
|
A+
|
$
|
11,363,214
|
|||
1,500
|
Chicago Park District, Illinois, General Obligation Bonds, Limited Tax Series 2011A, 5.000%, 1/01/36
|
1/22 at 100.00
|
AAA
|
1,714,530
|
|||||
Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2006A:
|
|||||||||
2,585
|
4.750%, 1/01/30 – AGM Insured
|
1/16 at 100.00
|
AA–
|
2,758,738
|
|||||
5,000
|
4.625%, 1/01/31 – AGM Insured
|
1/16 at 100.00
|
AA–
|
5,324,350
|
|||||
285
|
Chicago, Illinois, General Obligation Bonds, Series 2002A, 5.625%, 1/01/39 – AMBAC Insured
|
7/13 at 100.00
|
Aa3
|
286,089
|
|||||
2,825
|
Chicago, Illinois, Third Lien General Airport Revenue Bonds, O’Hare International Airport, Series 2003C-2, 5.250%, 1/01/30 – AGM Insured (Alternative Minimum Tax)
|
1/14 at 100.00
|
AA–
|
2,894,947
|
|||||
3,320
|
Cook and DuPage Counties Combined School District 113A Lemont, Illinois, General Obligation Bonds, Series 2002, 0.000%, 12/01/20 – FGIC Insured
|
No Opt. Call
|
BBB
|
2,408,959
|
|||||
3,020
|
Cook County High School District 209, Proviso Township, Illinois, General Obligation Bonds, Series 2004, 5.000%, 12/01/19 – AGM Insured
|
12/16 at 100.00
|
AA–
|
3,291,981
|
|||||
8,875
|
Cook County, Illinois, General Obligation Bonds, Refunding Series 2010A, 5.250%, 11/15/33
|
11/20 at 100.00
|
AA
|
10,120,518
|
|||||
3,260
|
Cook County, Illinois, Recovery Zone Facility Revenue Bonds, Navistar International Corporation Project, Series 2010, 6.500%, 10/15/40
|
10/20 at 100.00
|
B3
|
3,573,971
|
|||||
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds, Series 2003B:
|
|||||||||
1,615
|
5.250%, 11/01/20 (Pre-refunded 11/01/13) – AGM Insured
|
11/13 at 100.00
|
Aa3 (4)
|
1,655,730
|
|||||
385
|
5.250%, 11/01/20 (Pre-refunded 1/01/14) – AGM Insured
|
1/14 at 100.00
|
AA (4)
|
397,932
|
|||||
5,000
|
Illinois Development Finance Authority, Gas Supply Revenue Bonds, Peoples Gas, Light and Coke Company, Series 2003E, 4.875%, 11/01/38 (Mandatory put 11/01/18) – AMBAC Insured (Alternative Minimum Tax)
|
11/13 at 101.00
|
A1
|
5,158,300
|
|||||
28,030
|
Illinois Development Finance Authority, Local Government Program Revenue Bonds, Kane, Cook and DuPage Counties School District U46 – Elgin, Series 2002, 0.000%, 1/01/19 – AGM Insured
|
No Opt. Call
|
Aa3
|
24,422,259
|
|||||
1,800
|
Illinois Development Finance Authority, Local Government Program Revenue Bonds, Winnebago and Boone Counties School District 205 – Rockford, Series 2000, 0.000%, 2/01/19 – AGM Insured
|
No Opt. Call
|
A2
|
1,564,092
|
|||||
1,875
|
Illinois Finance Authority, Revenue Bonds, Central DuPage Health, Series 2009B, 5.500%, 11/01/39
|
11/19 at 100.00
|
AA
|
2,166,600
|
|||||
3,000
|
Illinois Finance Authority, Revenue Bonds, Central DuPage Health, Series 2009, 5.250%, 11/01/39
|
11/19 at 100.00
|
AA
|
3,386,070
|
|||||
5,245
|
Illinois Finance Authority, Revenue Bonds, Loyola University of Chicago, Tender Option Bond Trust 1137, 9.266%, 7/01/15 (IF)
|
No Opt. Call
|
Aa1
|
6,451,035
|
|||||
5,000
|
Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Hospital, Series 2004A, 5.500%, 8/15/43 (Pre-refunded 8/15/14)
|
8/14 at 100.00
|
N/R (4)
|
5,331,550
|
|||||
4,845
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Refunding Series 2010A, 6.000%, 5/15/39
|
5/20 at 100.00
|
A
|
5,629,502
|
|||||
4,800
|
Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A, 7.750%, 8/15/34
|
8/19 at 100.00
|
BBB+
|
6,169,632
|
|||||
4,260
|
Illinois Finance Authority, Revenue Bonds, Sherman Health Systems, Series 2007A, 5.500%, 8/01/37
|
8/17 at 100.00
|
BBB
|
4,661,548
|
|||||
2,500
|
Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center, Series 2011C, 5.500%, 8/15/41
|
2/21 at 100.00
|
AA–
|
2,846,500
|
|||||
3,000
|
Illinois Finance Authority, Revenue Refunding Bonds, Silver Cross Hospital and Medical Centers, Series 2008A, 5.500%, 8/15/30
|
8/18 at 100.00
|
BBB+
|
3,237,750
|
|||||
8,435
|
Illinois Health Facilities Authority, Revenue Bonds, Sherman Health Systems, Series 1997, 5.250%, 8/01/22 – AMBAC Insured
|
8/13 at 100.00
|
BBB
|
8,450,858
|
|||||
2,735
|
Illinois Health Facilities Authority, Revenue Bonds, South Suburban Hospital, Series 1992, 7.000%, 2/15/18 (ETM)
|
No Opt. Call
|
N/R (4)
|
3,207,717
|
|||||
5,000
|
Illinois Sports Facility Authority, State Tax Supported Bonds, Series 2001, 5.500%, 6/15/30 – AMBAC Insured
|
6/15 at 101.00
|
A
|
5,446,800
|
|||||
655
|
Illinois State, General Obligation Bonds, Refunding Series 2012, 5.000%, 8/01/25
|
8/22 at 100.00
|
A2
|
744,349
|
|||||
5,590
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A, 5.000%, 1/01/38 (WI/DD, Settling 5/16/13)
|
1/23 at 100.00
|
AA–
|
6,333,861
|
|||||
5,000
|
Lombard Public Facilities Corporation, Illinois, First Tier Conference Center and Hotel Revenue Bonds, Series 2005A-2, 5.500%, 1/01/36 – ACA Insured
|
1/16 at 100.00
|
CCC
|
3,282,650
|
Nuveen Investments
|
23
|
Nuveen Municipal Value Fund, Inc. (continued)
|
||
NUV
|
Portfolio of Investments
|
|
April 30, 2013 (Unaudited)
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Illinois (continued)
|
|||||||||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 1993A:
|
|||||||||
$
|
12,320
|
0.010%, 6/15/17 – FGIC Insured
|
No Opt. Call
|
A3
|
$
|
11,626,507
|
|||
9,270
|
0.010%, 6/15/18 – FGIC Insured
|
No Opt. Call
|
AAA
|
8,495,584
|
|||||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 1993A:
|
|||||||||
7,010
|
0.000%, 6/15/17 – FGIC Insured (ETM)
|
No Opt. Call
|
A (4)
|
6,783,086
|
|||||
3,800
|
0.000%, 6/15/18 – FGIC Insured (ETM)
|
No Opt. Call
|
N/R (4)
|
3,607,036
|
|||||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 1994B:
|
|||||||||
7,250
|
0.000%, 6/15/18 – NPFG Insured
|
No Opt. Call
|
AAA
|
6,644,335
|
|||||
3,385
|
0.000%, 6/15/21 – NPFG Insured
|
No Opt. Call
|
AAA
|
2,757,523
|
|||||
5,190
|
0.000%, 6/15/28 – NPFG Insured
|
No Opt. Call
|
AAA
|
2,819,571
|
|||||
11,670
|
0.000%, 6/15/29 – FGIC Insured
|
No Opt. Call
|
AAA
|
5,956,135
|
|||||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A:
|
|||||||||
10,000
|
0.000%, 6/15/24 – NPFG Insured
|
6/22 at 101.00
|
AAA
|
9,606,600
|
|||||
4,950
|
0.000%, 12/15/32 – NPFG Insured
|
No Opt. Call
|
AAA
|
2,117,115
|
|||||
21,375
|
0.000%, 6/15/34 – NPFG Insured
|
No Opt. Call
|
AAA
|
8,392,253
|
|||||
21,000
|
0.000%, 12/15/35 – NPFG Insured
|
No Opt. Call
|
AAA
|
7,630,560
|
|||||
21,970
|
0.000%, 6/15/36 – NPFG Insured
|
No Opt. Call
|
AAA
|
7,718,500
|
|||||
10,375
|
0.000%, 12/15/36 – NPFG Insured
|
No Opt. Call
|
AAA
|
3,563,501
|
|||||
25,825
|
0.000%, 6/15/39 – NPFG Insured
|
No Opt. Call
|
AAA
|
7,624,057
|
|||||
16,800
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place Expansion Project, Series 1996A, 0.000%, 12/15/21 – NPFG Insured
|
No Opt. Call
|
AA–
|
13,444,872
|
|||||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place Expansion Project, Series 2002B:
|
|||||||||
3,775
|
5.500%, 6/15/20 – NPFG Insured
|
6/17 at 101.00
|
AAA
|
4,391,722
|
|||||
5,715
|
5.550%, 6/15/21 – NPFG Insured
|
6/17 at 101.00
|
AAA
|
6,615,341
|
|||||
6,095
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds, Series 2002A, 6.000%, 7/01/32 – NPFG Insured
|
No Opt. Call
|
AA
|
8,256,043
|
|||||
1,160
|
Round Lake, Lake County, Illinois, Special Tax Bonds, Lakewood Grove Special Service Area 4, Series 2007, 4.700%, 3/01/33 – AGC Insured
|
3/17 at 100.00
|
AA–
|
1,190,334
|
|||||
3,000
|
Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2007, 5.000%, 3/01/22 – NPFG Insured
|
3/17 at 100.00
|
A
|
3,260,640
|
|||||
4,900
|
Springfield, Illinois, Electric Revenue Bonds, Series 2006, 5.000%, 3/01/26 – NPFG Insured
|
3/16 at 100.00
|
A
|
5,182,142
|
|||||
550
|
Tri-City Regional Port District, Illinois, Port and Terminal Facilities Revenue Refunding Bonds, Delivery Network Project, Series 2003A, 4.900%, 7/01/14 (Alternative Minimum Tax)
|
No Opt. Call
|
BBB
|
520,531
|
|||||
1,575
|
Will County Community School District 161, Summit Hill, Illinois, Capital Appreciation School Bonds, Series 1999, 0.000%, 1/01/18 – FGIC Insured
|
No Opt. Call
|
N/R
|
1,357,697
|
|||||
720
|
Will County Community School District 161, Summit Hill, Illinois, Capital Appreciation School Bonds, Series 1999, 0.000%, 1/01/18 – FGIC Insured (ETM)
|
No Opt. Call
|
N/R (4)
|
688,349
|
|||||
3,680
|
Will County Community Unit School District 201U, Crete-Monee, Will County, Illinois, General Obligation Bonds, Capital Appreciation Series 2004, 0.000%, 11/01/16 – FGIC Insured
|
No Opt. Call
|
A+
|
3,501,778
|
|||||
2,945
|
Will County School District 86, Joliet, Illinois, General Obligation Bonds, Series 2002, 0.000%, 11/01/15 – AGM Insured
|
No Opt. Call
|
AA–
|
2,865,956
|
|||||
372,950
|
Total Illinois
|
290,899,800
|
|||||||
Indiana – 2.0%
|
|||||||||
300
|
Anderson, Indiana, Economic Development Revenue Bonds, Anderson University, Series 2007, 5.000%, 10/01/24
|
4/14 at 100.00
|
BB+
|
295,377
|
|||||
2,525
|
Indiana Finance Authority, Hospital Revenue Bonds, Community Health Network Project, Series 2012A, 5.000%, 5/01/42
|
5/23 at 100.00
|
A
|
2,800,705
|
|||||
1,640
|
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing Project, Series 2013A, 5.000%, 7/01/48 (Alternative Minimum Tax)
|
7/23 at 100.00
|
BBB
|
1,725,378
|
|||||
3,000
|
Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Deaconess Hospital Inc., Series 2004A, 5.375%, 3/01/34 (Pre-refunded 3/01/14) – AMBAC Insured
|
3/14 at 100.00
|
A+ (4)
|
3,126,570
|
24
|
Nuveen Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Indiana (continued)
|
|||||||||
$
|
2,000
|
Indiana Health Facility Financing Authority, Revenue Bonds, Community Foundation of Northwest Indiana, Series 2007, 5.500%, 3/01/37
|
3/17 at 100.00
|
A–
|
$
|
2,179,440
|
|||
6,735
|
Indiana Municipal Power Agency, Power Supply Revenue Bonds, Series 2007A, 5.000%, 1/01/42 – NPFG Insured
|
1/17 at 100.00
|
A+
|
7,337,446
|
|||||
Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E:
|
|||||||||
12,500
|
0.000%, 2/01/21 – AMBAC Insured
|
No Opt. Call
|
AA
|
10,634,875
|
|||||
2,400
|
0.000%, 2/01/25 – AMBAC Insured
|
No Opt. Call
|
AA
|
1,727,448
|
|||||
14,595
|
0.000%, 2/01/27 – AMBAC Insured
|
No Opt. Call
|
AA
|
9,566,731
|
|||||
4,230
|
Whiting Redevelopment District, Indiana, Tax Increment Revenue Bonds, Lakefront Development Project, Series 2010, 6.750%, 1/15/32
|
7/20 at 100.00
|
N/R
|
4,595,726
|
|||||
49,925
|
Total Indiana
|
43,989,696
|
|||||||
Iowa – 0.3%
|
|||||||||
7,000
|
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C, 5.625%, 6/01/46
|
6/15 at 100.00
|
B+
|
6,865,670
|
|||||
Kansas – 1.0%
|
|||||||||
10,000
|
Kansas Department of Transportation, Highway Revenue Bonds, Series 2004A, 5.000%, 3/01/22 (Pre-refunded 3/01/14)
|
3/14 at 100.00
|
AAA
|
10,397,500
|
|||||
17,010
|
Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Capital Appreciation Revenue Bonds Redevelopment Project Area B – Major Multi-Sport Athletic Complex Project, Subordinate Lien Series 2010B, 0.000%, 6/01/21
|
No Opt. Call
|
BBB+
|
11,453,513
|
|||||
27,010
|
Total Kansas
|
21,851,013
|
|||||||
Kentucky – 0.1%
|
|||||||||
910
|
Greater Kentucky Housing Assistance Corporation, FHA-Insured Section 8 Mortgage Revenue Refunding Bonds, Series 1997A, 6.100%, 1/01/24 – NPFG Insured
|
7/13 at 100.00
|
Baa2
|
912,220
|
|||||
1,750
|
Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds, Louisville Arena Authority, Inc., Series 2008-A1, 6.000%, 12/01/38 – AGC Insured
|
6/18 at 100.00
|
AA–
|
1,916,723
|
|||||
2,660
|
Total Kentucky
|
2,828,943
|
|||||||
Louisiana – 3.1%
|
|||||||||
2,310
|
Louisiana Local Government Environment Facilities and Community Development Authority, Revenue Bonds, Westlake Chemical Corporation Projects, Series 2009A, 6.500%, 8/01/29
|
8/13 at 100.00
|
BBB–
|
2,804,779
|
|||||
5,450
|
Louisiana Local Government Environment Facilities and Community Development Authority, Revenue Bonds, Westlake Chemical Corporation Projects, Series 2010A-1, 6.500%, 11/01/35
|
11/20 at 100.00
|
BBB–
|
6,552,535
|
|||||
12,000
|
Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue Bonds, Westlake Chemical Corporation Project, Series 2007, 6.750%, 11/01/32
|
11/17 at 100.00
|
BBB–
|
13,735,320
|
|||||
5,150
|
Louisiana Public Facilities Authority, Hospital Revenue Bonds, Franciscan Missionaries of Our Lady Health System, Series 2005A, 5.250%, 8/15/32
|
8/15 at 100.00
|
A+
|
5,340,190
|
|||||
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2007A:
|
|||||||||
3,620
|
5.250%, 5/15/38
|
5/17 at 100.00
|
Baa1
|
3,811,426
|
|||||
1,900
|
5.375%, 5/15/43
|
5/17 at 100.00
|
Baa1
|
2,009,288
|
|||||
5,000
|
Louisiana Public Facilities Authority, Revenue Bonds, University of New Orleans Research and Technology, Series 2006, 5.250%, 3/01/37 – NPFG Insured
|
No Opt. Call
|
A+
|
5,501,600
|
|||||
26,095
|
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds, Series 2001B, 5.875%, 5/15/39
|
5/13 at 100.00
|
A–
|
26,238,783
|
|||||
61,525
|
Total Louisiana
|
65,993,921
|
|||||||
Maine – 0.1%
|
|||||||||
1,050
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, MaineGeneral Medical Center, Series 2011, 6.750%, 7/01/41
|
7/21 at 100.00
|
Baa3
|
1,273,535
|
|||||
Maryland – 0.5%
|
|||||||||
2,500
|
Baltimore, Maryland, Subordinate Lien Convention Center Hotel Revenue Bonds, Series 2006B, 5.875%, 9/01/39
|
9/16 at 100.00
|
Ba2
|
2,574,375
|
Nuveen Investments
|
25
|
Nuveen Municipal Value Fund, Inc. (continued)
|
||
NUV
|
Portfolio of Investments
|
|
April 30, 2013 (Unaudited)
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Maryland (continued)
|
|||||||||
$
|
1,500
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare, Series 2011A, 6.125%, 1/01/36
|
1/22 at 100.00
|
Baa2
|
$
|
1,797,750
|
|||
5,600
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health, Series 2004, 5.500%, 8/15/33
|
8/14 at 100.00
|
A2
|
5,890,584
|
|||||
9,600
|
Total Maryland
|
10,262,709
|
|||||||
Massachusetts – 1.3%
|
|||||||||
4,595
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Cape Cod Health Care Inc., Series 2001C, 5.250%, 11/15/31 – RAAI Insured
|
5/13 at 100.50
|
BBB+
|
4,621,835
|
|||||
500
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc., Series 2008E-1 &2, 5.125%, 7/01/38
|
7/18 at 100.00
|
A–
|
560,350
|
|||||
3,000
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Harvard University, Series 2005C, 5.000%, 7/15/35
|
No Opt. Call
|
AAA
|
3,273,690
|
|||||
1,359
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Northern Berkshire Community Services Inc., Series 2012A, 6.000%, 2/15/43
|
8/13 at 100.00
|
D
|
1,164,538
|
|||||
1,072
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Northern Berkshire Community Services Inc., Series 2012B, 6.375%, 2/15/43
|
8/13 at 100.00
|
D
|
107,134
|
|||||
1,608
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Northern Berkshire Community Services Inc., Series 2012C, 6.625%, 2/15/43
|
8/13 at 100.00
|
D
|
16
|
|||||
2,300
|
Massachusetts Health and Educational Facilities Authority, Revenue Refunding Bonds, Suffolk University Issue, Series 2009A, 5.750%, 7/01/39
|
7/19 at 100.00
|
BBB
|
2,601,829
|
|||||
12,100
|
Massachusetts Housing Finance Agency, Housing Bonds, Series 2009F, 5.700%, 6/01/40
|
12/18 at 100.00
|
AA–
|
13,060,498
|
|||||
1,630
|
Massachusetts Water Pollution Abatement Trust, Pooled Loan Program Bonds, Series 2000-6, 5.500%, 8/01/30
|
8/13 at 100.00
|
Aaa
|
1,636,487
|
|||||
28,164
|
Total Massachusetts
|
27,026,377
|
|||||||
Michigan – 3.9%
|
|||||||||
9,910
|
Detroit Local Development Finance Authority, Michigan, Tax Increment Bonds, Series 1998A, 5.500%, 5/01/21
|
11/13 at 100.00
|
B–
|
9,220,165
|
|||||
1,415
|
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds, Refunding Senior Lien Series 2012A, 5.250%, 7/01/39
|
7/22 at 100.00
|
A+
|
1,546,737
|
|||||
5,000
|
Detroit Water Supply System, Michigan, Water Supply System Revenue Bonds, Refunding Senior Lien Series 2006D, 4.625%, 7/01/32 – AGM Insured
|
7/16 at 100.00
|
AA–
|
5,001,150
|
|||||
2,500
|
Detroit Water Supply System, Michigan, Water Supply System Revenue Refunding Second Lien Bonds, Series 2006C, 5.000%, 7/01/33 – AGM Insured
|
No Opt. Call
|
AA–
|
2,548,600
|
|||||
3,700
|
Detroit, Michigan, Distributable State Aid General Obligation Bonds, Limited Tax Series 2010, 4.500%, 11/01/23
|
11/20 at 100.00
|
AA
|
4,132,234
|
|||||
1,760
|
Detroit, Michigan, General Obligation Bonds, Series 2001A-1, 5.375%, 4/01/16 – NPFG Insured
|
10/13 at 100.00
|
Baa2
|
1,745,850
|
|||||
Detroit, Michigan, Second Lien Sewerage Disposal System Revenue Bonds, Series 2005A:
|
|||||||||
8,000
|
5.000%, 7/01/35 – NPFG Insured
|
7/15 at 100.00
|
A
|
8,090,400
|
|||||
3,000
|
4.500%, 7/01/35 – NPFG Insured
|
7/15 at 100.00
|
A
|
2,911,710
|
|||||
1,250
|
Detroit, Michigan, Second Lien Water Supply System Revenue Bonds, Series 2003B, 5.000%, 7/01/34 – NPFG Insured
|
7/13 at 100.00
|
A
|
1,250,075
|
|||||
3,000
|
Detroit, Michigan, Senior Lien Sewerage Disposal System Revenue Bonds, Series 2003A, 5.000%, 7/01/26 (Pre-refunded 7/01/13) – AGM Insured
|
7/13 at 100.00
|
AA+ (4)
|
3,024,030
|
|||||
3,395
|
Detroit, Michigan, Sewage Disposal System Revenue Bonds, Second Lien Series 2006A, 5.500%, 7/01/36 – BHAC Insured
|
7/18 at 100.00
|
AA+
|
3,863,883
|
|||||
7,445
|
Detroit, Michigan, Sewage Disposal System Revenue Bonds, Series 2001C-2, 5.250%, 7/01/29 – FGIC Insured
|
7/18 at 100.00
|
AA+
|
8,421,412
|
|||||
1,265
|
Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien Series 2005B, 4.750%, 7/01/34 – BHAC Insured
|
No Opt. Call
|
AA+
|
1,330,261
|
|||||
3,000
|
Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien Series 2011A, 5.750%, 7/01/37
|
7/21 at 100.00
|
A+
|
3,386,040
|
|||||
2,000
|
Kalamazoo Hospital Finance Authority, Michigan, Hospital Revenue Refunding Bonds, Bronson Methodist Hospital, Series 2010, 5.250%, 5/15/36 – AGM Insured
|
5/20 at 100.00
|
A2
|
2,242,580
|
26
|
Nuveen Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Michigan (continued)
|
|||||||||
$
|
4,500
|
Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011, 5.000%, 12/01/39
|
12/21 at 100.00
|
AA
|
$
|
5,012,640
|
|||
Michigan Municipal Bond Authority, Public School Academy Revenue Bonds, Detroit Academy of Arts and Sciences Charter School, Series 2001A:
|
|||||||||
5,000
|
7.900%, 10/01/21
|
10/13 at 100.00
|
Caa2
|
4,449,350
|
|||||
3,500
|
8.000%, 10/01/31
|
10/13 at 100.00
|
Caa2
|
3,114,545
|
|||||
8,460
|
Michigan State Building Authority, Revenue Bonds, Facilities Program, Series 2005I, 5.000%, 10/15/22 – AMBAC Insured
|
10/15 at 100.00
|
Aa3
|
9,306,169
|
|||||
1,150
|
Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital, Refunding Series 2009V, 8.250%, 9/01/39
|
9/18 at 100.00
|
A1
|
1,475,036
|
|||||
2,090
|
Troy Downtown Development Authority, Michigan, Tax Increment Revenue Bonds, Development & Refunding Series 2001, 5.500%, 11/01/15 – NPFG Insured
|
5/13 at 100.00
|
Baa2
|
2,112,363
|
|||||
81,340
|
Total Michigan
|
84,185,230
|
|||||||
Minnesota – 0.9%
|
|||||||||
1,750
|
Breckenridge, Minnesota, Revenue Bonds, Catholic Health Initiatives, Series 2004A, 5.000%, 5/01/30
|
5/14 at 100.00
|
AA–
|
1,815,118
|
|||||
6,375
|
Minneapolis Health Care System, Minnesota, Revenue Bonds, Fairview Hospital and Healthcare Services, Series 2008A, 6.625%, 11/15/28
|
11/18 at 100.00
|
A
|
7,824,611
|
|||||
2,300
|
Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2005C, 5.000%, 1/01/31 – FGIC Insured
|
1/15 at 100.00
|
A
|
2,423,763
|
|||||
6,730
|
Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Facility Revenue Bonds, HealthPartners Obligated Group, Series 2006, 5.250%, 5/15/36
|
11/16 at 100.00
|
A–
|
7,065,221
|
|||||
17,155
|
Total Minnesota
|
19,128,713
|
|||||||
Missouri – 1.3%
|
|||||||||
6,000
|
Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit Sales Tax Appropriation Bonds, Metrolink Cross County Extension Project, Series 2002B, 5.000%, 10/01/32 – AGM Insured
|
10/13 at 100.00
|
AA–
|
6,098,760
|
|||||
12,000
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, SSM Health Care System, Series 2010B, 5.000%, 6/01/30
|
6/20 at 100.00
|
AA–
|
13,550,160
|
|||||
3,465
|
Missouri State Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2013A, 5.000%, 11/15/48
|
11/23 at 100.00
|
A2
|
3,737,384
|
|||||
4,000
|
Sugar Creek, Missouri, Industrial Development Revenue Bonds, Lafarge North America Inc., Series 2003A, 5.650%, 6/01/37 (Alternative Minimum Tax)
|
6/13 at 101.00
|
BB+
|
4,058,040
|
|||||
25,465
|
Total Missouri
|
27,444,344
|
|||||||
Montana – 0.2%
|
|||||||||
3,750
|
Forsyth, Rosebud County, Montana, Pollution Control Revenue Refunding Bonds, Puget Sound Energy, Series 2003A, 5.000%, 3/01/31 – AMBAC Insured
|
3/14 at 100.00
|
A–
|
3,793,275
|
|||||
Nebraska – 0.3%
|
|||||||||
5,000
|
Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2008A, 5.500%, 2/01/39
|
2/18 at 100.00
|
Aa1
|
5,747,000
|
|||||
Nevada – 1.1%
|
|||||||||
2,500
|
Carson City, Nevada, Hospital Revenue Bonds, Carson-Tahoe Hospital, Series 2003A, 5.125%, 9/01/29 (Pre-refunded 9/01/13) – RAAI Insured
|
9/13 at 100.00
|
N/R (4)
|
2,540,300
|
|||||
5,000
|
Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2010B, 5.750%, 7/01/42
|
1/20 at 100.00
|
A+
|
5,883,150
|
|||||
10,000
|
North Las Vegas, Nevada, General Obligation Bonds, Series 2006, 5.000%, 5/01/36 – NPFG Insured
|
5/16 at 100.00
|
A
|
10,253,300
|
|||||
2,500
|
Reno, Nevada, Health Facilities Revenue Bonds, Catholic Healthcare West, Series 2007A, Trust 2634, 18.608%, 7/01/31 – BHAC Insured (IF) (6)
|
7/17 at 100.00
|
AA+
|
3,744,700
|
|||||
1,500
|
Sparks Tourism Improvement District 1, Legends at Sparks Marina, Nevada, Senior Sales Tax Revenue Bonds Series 2008A, 6.750%, 6/15/28
|
6/18 at 100.00
|
B2
|
1,552,875
|
|||||
21,500
|
Total Nevada
|
23,974,325
|
Nuveen Investments
|
27
|
Nuveen Municipal Value Fund, Inc. (continued)
|
||
NUV
|
Portfolio of Investments
|
|
April 30, 2013 (Unaudited)
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
New Hampshire – 0.1%
|
|||||||||
$
|
1,500
|
New Hampshire Business Finance Authority, Revenue Bonds, Elliot Hospital Obligated Group Issue, Series 2009A, 6.125%, 10/01/39
|
10/19 at 100.00
|
Baa1
|
$
|
1,683,795
|
|||
New Jersey – 2.8%
|
|||||||||
9,000
|
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental Airlines Inc., Series 2000, 7.000%, 11/15/30 (Alternative Minimum Tax)
|
5/13 at 100.00
|
B
|
9,034,020
|
|||||
3,300
|
New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters University Hospital, Series 2007, 5.750%, 7/01/37
|
7/18 at 100.00
|
BB+
|
3,593,601
|
|||||
4,740
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Barnabas Health Care System, Refunding Series 2006B, 0.000%, 7/01/34
|
1/17 at 41.49
|
BBB+
|
1,674,405
|
|||||
7,500
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2003C, 5.500%, 6/15/24 (Pre-refunded 6/15/13)
|
6/13 at 100.00
|
Aaa
|
7,549,875
|
|||||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C:
|
|||||||||
30,000
|
0.000%, 12/15/30 – FGIC Insured
|
No Opt. Call
|
A+
|
14,136,600
|
|||||
27,000
|
0.000%, 12/15/32 – AGM Insured
|
No Opt. Call
|
AA–
|
11,459,610
|
|||||
205
|
New Jersey Turnpike Authority, Revenue Bonds, Series 1991C, 6.500%, 1/01/16 – NPFG Insured
|
No Opt. Call
|
A+
|
236,152
|
|||||
New Jersey Turnpike Authority, Revenue Bonds, Series 1991C:
|
|||||||||
105
|
6.500%, 1/01/16 – NPFG Insured (ETM)
|
No Opt. Call
|
A (4)
|
121,882
|
|||||
105
|
6.500%, 1/01/16 – NPFG Insured (ETM)
|
No Opt. Call
|
A+ (4)
|
121,974
|
|||||
930
|
6.500%, 1/01/16 – NPFG Insured (ETM)
|
No Opt. Call
|
A+ (4)
|
1,001,861
|
|||||
7,165
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2003, 6.250%, 6/01/43 (Pre-refunded 6/01/13)
|
6/13 at 100.00
|
Aaa
|
7,202,473
|
|||||
5,345
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2007-1A, 4.750%, 6/01/34
|
6/17 at 100.00
|
B2
|
4,708,357
|
|||||
95,395
|
Total New Jersey
|
60,840,810
|
|||||||
New Mexico – 0.1%
|
|||||||||
1,365
|
University of New Mexico, Revenue Refunding Bonds, Series 1992A, 6.000%, 6/01/21
|
No Opt. Call
|
AA
|
1,617,416
|
|||||
New York – 6.6%
|
|||||||||
10,000
|
Dormitory Authority of the State of New York, FHA Insured Mortgage Hospital Revenue Bonds, Kaleida Health, Series 2006, 4.700%, 2/15/35
|
8/16 at 100.00
|
AAA
|
10,590,200
|
|||||
8,500
|
Dormitory Authority of the State of New York, FHA-Insured Mo |