UBS reports 6.6% stake in Nuveen California fund

UBS Group AG reports beneficial ownership of common shares of Nuveen California Municipal Value Fund.

Rhea-AI Filing Summary

UBS Group AG reports beneficial ownership of common shares of Nuveen California Municipal Value Fund. UBS and its wholly owned subsidiaries UBS Financial Services Inc. and UBS Securities LLC together beneficially own 2,170,665 common shares, representing 6.6% of the class.

UBS reports no sole voting or dispositive power. It has shared voting power over 280 shares and shared dispositive power over 2,170,465 shares. The filing is made on a group basis by UBS Group AG on behalf of these subsidiaries, with UBS organized in Switzerland and the fund headquartered in Chicago, Illinois.

Key Figures

Beneficial ownership: 2,170,665 shares Percent of class: 6.6% Shared voting power: 280 shares +1 more

4 metrics

Beneficial ownership 2,170,665 shares Common shares of Nuveen California Municipal Value Fund beneficially owned by UBS Group

Percent of class 6.6% Portion of NCA common shares class reported as beneficially owned by UBS Group

Shared voting power 280 shares Shares over which UBS Group reports shared power to vote

Shared dispositive power 2,170,465 shares Shares over which UBS Group reports shared power to dispose

Key Terms

beneficially owned, shared dispositive power, shared voting power, Schedule 13G, +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 2,170,665"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared dispositive power financial

"shared power to dispose or to direct the disposition of: 2,170,465"

shared voting power financial

"Shared Voting Power 280.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

Schedule 13G regulatory

"This statement on is being filed by UBS Group AG"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

parent holding company regulatory

"If a parent holding company has filed this schedule, pursuant to (ii)(G)"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Nuveen California Municipal Value Fund (NCA) does UBS Group own?

UBS Group reports beneficial ownership of 6.6% of the common shares of Nuveen California Municipal Value Fund, based on 2,170,665 shares owned through UBS Group AG and its wholly owned subsidiaries.

How many NCA shares does UBS Group report as beneficially owned?

UBS Group reports beneficial ownership of 2,170,665 common shares of Nuveen California Municipal Value Fund. This position represents 6.6% of the fund’s outstanding common shares according to the Schedule 13G/A filing.

What voting power does UBS Group have over NCA shares?

UBS Group reports no sole voting power over Nuveen California Municipal Value Fund shares and shared voting power over 280 shares. Voting authority over the remaining beneficially owned shares is not reported as sole voting power in the filing.

What dispositive power does UBS Group report for its NCA holdings?

UBS Group reports no sole dispositive power and shared dispositive power over 2,170,465 shares of Nuveen California Municipal Value Fund common stock. These figures reflect UBS’s ability to direct the disposition of shares held through its subsidiaries.

Which UBS entities are included in the NCA Schedule 13G/A filing?

The Schedule 13G/A is filed by UBS Group AG on behalf of itself and its wholly owned subsidiaries UBS Financial Services Inc. and UBS Securities LLC, which together hold the reported NCA common shares.

Where is Nuveen California Municipal Value Fund (NCA) headquartered?

Nuveen California Municipal Value Fund’s principal executive offices are at 333 W. Wacker Dr, Chicago, Illinois 60606. UBS Group’s principal business office is in Zurich, Switzerland, reflecting its Swiss citizenship.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/03/2026 - 11:40 AM Accepted by SEC EDGAR 08/03/2026 - 11:40 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

NUVEEN CALIFORNIA MUNICIPAL VALUE FUND

(Name of Issuer)

Common Shares

(Title of Class of Securities)

67062C107

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 67062C107

1

Names of Reporting Persons

UBS Group AG

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

SWITZERLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 280.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,170,465.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,170,465.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.6 %

12

Type of Reporting Person (See Instructions)

BK

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NUVEEN CALIFORNIA MUNICIPAL VALUE FUND
(b)	Address of issuer's principal executive offices: 333 W. WACKER DR, 333 W. WACKER DR, CHICAGO, ILLINOIS, 60606.
Item 2.
(a)	Name of person filing: UBS Group AG
(b)	Address or principal business office or, if none, residence: Bahnhofstrasse 45 PO Box CH-8021, Zurich, Switzerland
(c)	Citizenship: Switzerland
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 67062C107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,170,665
(b)	Percent of class: 6.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 280
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 2,170,465
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. This statement on Schedule 13G is being filed by UBS Group AG on behalf of itself and its wholly owned subsidiaries UBS Financial Services Inc and UBS Securities LLC.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

UBS Group AG

Signature:	Andrew Johnson
Name/Title:	Director
Date:	08/03/2026

Signature:	Anjali Tiwari
Name/Title:	Associate Director
Date:	08/03/2026