Nuveen New York Municipal Value Fund, Inc. is a fixed income mutual fund investing in the fixed income markets of New York, managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund invests in tax exempt municipal bonds with Baa/BBB rating or higher, using fundamental analysis and bottom-up stock picking to create its portfolio. The fund benchmarks its portfolio performance against Standard & Poor's New York Municipal Bond Index and Standard & Poor's National Municipal Bond Index.