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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$11.49

$2.53 B

4.75%

$0.55

0.73%

Vitals

YTD Return

-1.1%

1 yr return

1.4%

3 Yr Avg Return

4.8%

5 Yr Avg Return

4.2%

Net Assets

$2.53 B

Holdings in Top 10

13.5%

52 WEEK LOW AND HIGH

$11.5
$11.49
$11.84

Expenses

OPERATING FEES

Expense Ratio 0.73%

SALES FEES

Front Load 4.20%

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$3,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni California Long


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$11.49

$2.53 B

4.75%

$0.55

0.73%

NCAAX - Profile

Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.51%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen California Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Sep 07, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • 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.


NCAAX - Performance

Return Ranking - Trailing

Period NCAAX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -88.5% 9.3% 75.89%
1 Yr 1.4% -20.5% 20.4% 60.36%
3 Yr 4.8%* -6.2% 11.7% 28.61%
5 Yr 4.2%* -3.5% 7.9% 19.45%
10 Yr 4.8%* -0.3% 8.6% 10.37%

* Annualized

Return Ranking - Calendar

Period NCAAX Return Category Return Low Category Return High Rank in Category (%)
2021 -0.9% -91.1% 101.7% 59.73%
2020 2.6% -79.8% 310.0% 19.72%
2019 4.6% -72.6% 15.4% 17.14%
2018 -3.2% -57.4% 97.2% 82.83%
2017 3.2% -100.0% 6.8% 7.77%

Total Return Ranking - Trailing

Period NCAAX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -88.5% 9.3% 76.35%
1 Yr -2.9% -24.2% 24.2% 90.06%
3 Yr 3.3%* -7.0% 11.7% 58.76%
5 Yr 3.3%* -4.0% 7.9% 37.63%
10 Yr 4.3%* -0.8% 8.6% 14.60%

* Annualized

Total Return Ranking - Calendar

Period NCAAX Return Category Return Low Category Return High Rank in Category (%)
2021 -0.9% -91.1% 101.9% 59.82%
2020 2.6% -79.8% 310.0% 19.72%
2019 4.6% -72.6% 15.4% 17.47%
2018 -3.2% -57.4% 11.0% 83.89%
2017 3.2% -100.0% 7.0% 9.12%

NAV & Total Return History


NCAAX - Holdings

Concentration Analysis

NCAAX Category Low Category High NCAAX % Rank
Net Assets 2.53 B 863 K 88.8 B 16.16%
Number of Holdings 415 1 12437 22.19%
Net Assets in Top 10 337 M -306 M 4.01 B 7.67%
Weighting of Top 10 13.46% 2.3% 100.0% 77.29%

Top 10 Holdings

  1. CALIFORNIA HEALTH FACS FING AUTH REV 4% 2.13%
  2. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 1.98%
  3. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.86%
  4. UNIVERSITY CALIF REVS 4% 1.60%
  5. SAN DIEGO CNTY CALIF REGL TRANSN COMMN SALES TAX REV 0.02% 1.50%
  6. LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 5% 1.47%
  7. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 1.43%
  8. LOS ANGELES CNTY CALIF MET TRANSN AUTH SALES TAX REV 4% 1.36%
  9. METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 5% 1.24%
  10. METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 5% 1.12%

Asset Allocation

Weighting Return Low Return High NCAAX % Rank
Bonds
100.59% 46.14% 149.06% 7.58%
Stocks
0.00% 0.00% 3.70% 35.24%
Preferred Stocks
0.00% -3.40% 1.17% 29.54%
Other
0.00% -49.33% 30.00% 30.90%
Convertible Bonds
0.00% 0.00% 0.57% 30.03%
Cash
-0.59% -45.79% 53.86% 93.03%

Bond Sector Breakdown

Weighting Return Low Return High NCAAX % Rank
Municipal
99.99% 45.20% 100.00% 31.15%
Cash & Equivalents
0.01% 0.00% 53.86% 65.55%
Derivative
0.00% 0.00% 5.72% 30.03%
Securitized
0.00% 0.00% 7.06% 31.11%
Corporate
0.00% 0.00% 11.13% 41.83%
Government
0.00% 0.00% 50.78% 34.65%

Bond Geographic Breakdown

Weighting Return Low Return High NCAAX % Rank
US
96.95% 0.00% 141.11% 57.26%
Non US
3.64% 0.00% 100.00% 18.36%

NCAAX - Expenses

Operational Fees

NCAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.04% 4.23% 33.06%
Management Fee 0.47% 0.00% 1.60% 66.51%
12b-1 Fee 0.20% 0.00% 1.00% 29.52%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

NCAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.20% 0.00% 5.75% 31.21%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

NCAAX 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.

NCAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 261.23% 69.58%

NCAAX - Distributions

Dividend Yield Analysis

NCAAX Category Low Category High NCAAX % Rank
Dividend Yield 4.75% 0.00% 35.27% 37.15%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NCAAX Category Low Category High NCAAX % Rank
Net Income Ratio 2.51% -1.30% 24.00% 27.14%

Capital Gain Distribution Analysis

NCAAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually

Dividend Payout History

View More +

NCAAX - Fund Manager Analysis

Managers

Scott Romans


Start Date

Tenure

Tenure Rank

Jan 31, 2003

18.93

18.9%

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
0.03 34.64 7.15 1.16