Fund Description: Nuveen Enhanced Municipal Value Fund is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Nuveen Enhanced Municipal Value Fund seeks to provide current income exempt from regular federal income tax. The Fund’s secondary investment objective is to enhance portfolio value and total return. FUND STRATEGY: The Fund seeks to achieve its investment objectives by investing in at least 80% of its Managed Assets in a diversified portfolio of municipal securities primarily comprised of investment grade quality securities, the income from which is exempt from regular federal income tax. The Fund will invest in municipal securities that it believes are underrated and undervalued, based on its bottom-up, research-driven investment strategy. Underrated municipal securities are those whose credit ratings do not reflect their true creditworthiness. Undervalued municipal securities are securities that are worth more than the value assigned to them in the marketplace. Both are the opinions of the Fund's Advisor. A municipal security’s market value generally will depend upon its form, maturity, call features and interest rate, as well as the issuer’s credit quality or credit rating, all such factors examined in the context of the municipal securities market and interest rate levels and trends. The Fund may invest in various municipal securities, including municipal bonds and notes, other securities issued to finance and refinance public projects, and other related securities and derivative instruments creating exposure to municipal securities that provide for the payment of interest income that is exempt from regular federal income tax. Municipal securities are often issued by state and local governmental entities to finance or refinance public projects, such as roads, schools, and water supply systems. Municipal securities also may be issued on behalf of private entities or for private activities, such as housing, medical and educational facility construction, or for privately owned transportation, electric utility and pollution control projects. Municipal securities may be issued on a long-term basis to provide long-term financing. The Fund also may invest up to 20% of its net assets in certain derivative instruments to include financial futures contracts, swap contracts (including interest rate and credit default swaps), options on financial futures, options on swap contracts, or other derivative instruments. FUND MANAGEMENT: Nuveen Asset Management will serve as the investment advisor and will be responsible for investing the Fund’s Managed Assets as well as managing the Fund’s business affairs and provide certain clerical, bookkeeping and other administrative services.