NAKFX: Nuveen CA Municipal Bond C

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NAKFX Nuveen CA Municipal Bond C


Profile

NAKFX - Profile

Vitals

  • YTD Return 2.5%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $2.07 B
  • Holdings in Top 10 16.1%

52 WEEK LOW AND HIGH

$11.66
$10.25
$11.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.54%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 13.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen California Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Feb 10, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Romans

Fund Description

Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal and California personal income tax. These municipal bonds include obligations issued by the State of California and its subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories.


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Categories

Performance

NAKFX - Performance

Return Ranking - Trailing

Period NAKFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -2.6% 4.6% 17.10%
1 Yr 1.7% -2.3% 4.9% 14.66%
3 Yr 1.3%* -0.9% 2.7% 29.21%
5 Yr 1.2%* -0.6% 2.6% 20.78%
10 Yr N/A* -0.1% 2.2% 18.67%

* Annualized

Return Ranking - Calendar

Period NAKFX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% 2.4% 8.8% 39.68%
2018 -3.1% -6.2% 2.8% 69.61%
2017 3.2% -0.2% 6.8% 23.64%
2016 -2.9% -7.9% -1.7% 35.90%
2015 1.3% -1.9% 1.8% 11.76%

Total Return Ranking - Trailing

Period NAKFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -2.6% 4.6% 17.10%
1 Yr 1.7% -2.3% 4.9% 14.66%
3 Yr 1.3%* -0.9% 3.5% 32.58%
5 Yr 1.2%* -0.6% 3.9% 25.97%
10 Yr N/A* -0.1% 4.6% 17.33%

* Annualized

Total Return Ranking - Calendar

Period NAKFX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% 2.4% 8.8% 39.68%
2018 -3.1% -6.2% 2.8% 72.93%
2017 3.3% -0.2% 6.9% 26.67%
2016 -2.9% -7.9% 0.8% 38.46%
2015 1.3% -1.9% 3.7% 16.99%

NAV & Total Return History


Holdings

NAKFX - Holdings

Concentration Analysis

NAKFX Category Low Category High NAKFX % Rank
Net Assets 2.07 B 2.92 M 17.1 B 17.10%
Number of Holdings 406 22 4406 29.53%
Net Assets in Top 10 322 M -117 M 2.99 B 10.36%
Weighting of Top 10 16.14% 3.4% 70.5% 51.30%

Top 10 Holdings

  1. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 2.51%
  2. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 2.23%
  3. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.85%
  4. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 1.83%
  5. METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 5% 1.58%
  6. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.25% 1.30%
  7. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.29%
  8. CALIFORNIA ST 5% 1.28%
  9. CALIFORNIA CMNTY HSG AGY WORKFORCE HSG REV 5% 1.15%
  10. CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5% 1.12%

Asset Allocation

Weighting Return Low Return High NAKFX % Rank
Bonds
98.23% 89.21% 139.32% 70.47%
Cash
1.78% -39.32% 10.79% 29.02%
Stocks
0.00% 0.00% 0.10% 9.84%
Preferred Stocks
0.00% 0.00% 0.00% 7.77%
Other
0.00% -6.72% 0.94% 10.88%
Convertible Bonds
0.00% 0.00% 0.00% 7.77%

Bond Sector Breakdown

Weighting Return Low Return High NAKFX % Rank
Municipal
98.22% 46.82% 101.06% 65.28%
Cash & Equivalents
1.78% -0.27% 9.21% 31.09%
Derivative
0.00% 0.00% 0.00% 7.77%
Securitized
0.00% 0.00% 0.00% 7.77%
Corporate
0.00% 0.00% 2.65% 19.69%
Government
0.00% -0.79% 47.72% 10.88%

Bond Geographic Breakdown

Weighting Return Low Return High NAKFX % Rank
US
93.75% 86.58% 135.97% 72.54%
Non US
4.48% 0.00% 9.03% 17.62%

Expenses

NAKFX - Expenses

Operational Fees

NAKFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.54% 0.09% 3.74% 18.23%
Management Fee 0.47% 0.00% 0.65% 60.10%
12b-1 Fee 1.00% 0.00% 1.00% 78.85%
Administrative Fee N/A 0.01% 0.33% N/A

Sales Fees

NAKFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load 1.00% 1.00% 5.00% 20.51%

Trading Fees

NAKFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NAKFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 2.00% 235.00% 26.04%

Distributions

NAKFX - Distributions

Dividend Yield Analysis

NAKFX Category Low Category High NAKFX % Rank
Dividend Yield 0.00% 0.00% 0.64% 11.40%

Dividend Distribution Analysis

NAKFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

NAKFX Category Low Category High NAKFX % Rank
Net Income Ratio 2.05% 0.73% 5.75% 84.90%

Capital Gain Distribution Analysis

NAKFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

NAKFX - Fund Manager Analysis

Managers

Scott Romans


Start Date

Tenure

Tenure Rank

Jan 31, 2003

17.51

17.5%

Scott manages several state-specific, tax-exempt portfolios, including the California Municipal Bond and the New York Municipal Bond Strategies. He also serves as portfolio manager for a number of closed-end funds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 31.6 9.28 7.42