NCACX: Nuveen California Municipal Bond Fund - MutualFunds.com
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Nuveen CA Municipal Bond C2

NCACX - Snapshot

Vitals

  • YTD Return -0.2%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 2.8%
  • Net Assets $2.45 B
  • Holdings in Top 10 14.9%

52 WEEK LOW AND HIGH

$11.67
$11.09
$11.79

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.29%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 13.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Feb 10, 2014
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Long

Compare NCACX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.83

+0.14%

$84.65 B

-

$0.00

-0.20%

0.17%

$11.24

0.00%

$36.12 B

-

$0.00

-0.18%

0.17%

$13.66

+0.07%

$26.04 B

-

$0.00

0.29%

0.52%

$15.94

0.00%

$22.20 B

-

$0.00

-0.06%

0.17%

$116.85

+0.16%

$21.92 B

-

-

-0.30%

0.07%

NCACX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.33%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen California Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Sep 19, 1994
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Romans

NCACX - Performance

Return Ranking - Trailing

Period NCACX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -9.6% 6.6% 68.01%
1 Yr 8.8% -1.3% 26.9% 38.62%
3 Yr 4.4%* 0.3% 9.9% 53.86%
5 Yr 2.8%* -0.5% 7.8% 49.70%
10 Yr 5.2%* -0.1% 10.1% 14.15%

* Annualized

Return Ranking - Calendar

Period NCACX Return Category Return Low Category Return High Rank in Category (%)
2020 2.6% -2.8% 310.0% 12.28%
2019 4.6% -0.3% 15.4% 23.61%
2018 -3.1% -10.3% 97.2% 85.60%
2017 3.2% -100.0% 7.6% 10.19%
2016 -2.9% -7.9% 96.8% 52.95%

Total Return Ranking - Trailing

Period NCACX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -9.6% 6.6% 68.01%
1 Yr 7.8% -4.2% 26.9% 38.44%
3 Yr 4.4%* -1.6% 9.9% 42.84%
5 Yr 2.8%* -1.7% 7.8% 40.72%
10 Yr 5.2%* -0.2% 10.1% 13.11%

* Annualized

Total Return Ranking - Calendar

Period NCACX Return Category Return Low Category Return High Rank in Category (%)
2020 2.6% -2.8% 310.0% 12.28%
2019 4.6% -0.3% 15.4% 24.03%
2018 -3.1% -10.3% 11.0% 86.75%
2017 3.3% -100.0% 7.6% 12.35%
2016 -2.9% -7.9% 3.0% 58.18%

NAV & Total Return History


NCACX - Holdings

Concentration Analysis

NCACX Category Low Category High NCACX % Rank
Net Assets 2.45 B 911 K 84.6 B 16.14%
Number of Holdings 416 3 11766 28.54%
Net Assets in Top 10 358 M -192 M 4.03 B 9.57%
Weighting of Top 10 14.94% 2.3% 100.0% 62.74%

Top 10 Holdings

  1. CALIFORNIA HEALTH FACS FING AUTH REV 4% 2.18%
  2. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 2.10%
  3. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.86%
  4. UNIVERSITY CALIF REVS 4% 1.60%
  5. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 1.52%
  6. METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 5% 1.30%
  7. CALIFORNIA ST UNIV REV 4% 1.13%
  8. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.25% 1.11%
  9. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.08%
  10. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.08%

Asset Allocation

Weighting Return Low Return High NCACX % Rank
Bonds
100.04% 67.26% 147.73% 9.11%
Stocks
0.00% -0.15% 2.34% 36.22%
Preferred Stocks
0.00% -0.94% 0.15% 33.07%
Other
0.00% -13.58% 30.00% 36.64%
Convertible Bonds
0.00% 0.00% 1.26% 33.30%
Cash
-0.04% -47.72% 29.76% 90.94%

Bond Sector Breakdown

Weighting Return Low Return High NCACX % Rank
Municipal
100.00% 43.37% 100.00% 4.87%
Derivative
0.00% 0.00% 0.85% 32.96%
Cash & Equivalents
0.00% 0.00% 29.76% 90.03%
Securitized
0.00% 0.00% 7.36% 34.65%
Corporate
0.00% 0.00% 15.75% 42.81%
Government
0.00% 0.00% 50.36% 39.47%

Bond Geographic Breakdown

Weighting Return Low Return High NCACX % Rank
US
96.34% 67.24% 141.36% 49.89%
Non US
3.70% 0.00% 23.50% 20.10%

NCACX - Expenses

Operational Fees

NCACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.29% 0.01% 16.95% 25.63%
Management Fee 0.47% 0.00% 1.10% 65.01%
12b-1 Fee 0.75% 0.00% 1.00% 71.94%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

NCACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 40.75%

Trading Fees

NCACX 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.

NCACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 0.00% 299.40% 20.28%

NCACX - Distributions

Dividend Yield Analysis

NCACX Category Low Category High NCACX % Rank
Dividend Yield 0.00% 0.00% 1.79% 37.12%

Dividend Distribution Analysis

NCACX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

NCACX Category Low Category High NCACX % Rank
Net Income Ratio 2.33% -1.65% 5.71% 48.36%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

NCACX - Fund Manager Analysis

Managers

Scott Romans


Start Date

Tenure

Tenure Rank

Jan 31, 2003

18.26

18.3%

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
0.07 36.1 6.99 0.49