Fund Description: Nuveen New Jersey 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 New Jersey Municipal Value Fund seeks to provide current income exempt from regular federal and New Jersey income taxes. The secondary investment objective is to enhance portfolio value and total return. FUND STRATEGY: Under normal circumstances, the Fund will invest at least 80% of its net assets in municipal securities, the income from which is exempt from regular federal and New Jersey income taxes. The Fund also may invest up to 20% of its net assets in municipal securities that are exempt from regular federal income tax, but not from New Jersey income tax if such purchases are expected to enhance the Fund’s after-tax total return potential. The Fund may invest up to 20% of its net assets in municipal securities that pay interest that is taxable under the federal alternative minimum tax applicable to individuals. Under normal circumstances, the Fund will invest at least 80% of its net assets in municipal securities that at the time of investment are investment grade quality. 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. The Fund also may invest in certain derivative instruments in pursuit of its investment objectives. Such instruments 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 net assets as well as managing the Fund’s business affairs and provide certain clerical, bookkeeping and other administrative services.