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NCACX Nuveen CA Municipal Bond C2

  • Fund
  • NCACX
  • Price as of: Sep 20, 2019
  • $11.41 + $0.01 + 0.09%

NCACX - Profile

Vitals

  • YTD Return 4.7%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return 0.9%
  • Net Assets $1.71 B
  • Holdings in Top 10 17.4%

52 WEEK LOW AND HIGH

$11.41
$10.72
$11.56

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.31%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 56.00%

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 CATEGORY

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

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.64%
DIVIDENDS
  • Dividend Yield 1.3%
  • 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 R. Romans

NCACX - Performance

Return Ranking - Trailing

Period NCACX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% 2.2% 7.7% 37.14%
1 Yr 4.8% 0.9% 6.9% 43.02%
3 Yr -0.2%* -1.3% 1.3% 47.22%
5 Yr 0.9%* -0.6% 1.7% 25.55%
10 Yr 1.5%* -1.0% 2.5% 11.01%

* Annualized


Return Ranking - Calendar

Period NCACX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.1% -4.3% 2.8% 74.85%
2017 3.2% -0.2% 6.8% 25.17%
2016 -2.9% -4.7% -1.7% 38.73%
2015 1.3% -1.9% 1.8% 12.23%
2014 8.9% 1.5% 15.6% 15.56%

Total Return Ranking - Trailing

Period NCACX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% 2.2% 7.7% 37.14%
1 Yr 4.8% 0.9% 10.7% 48.26%
3 Yr -0.2%* -1.2% 2.7% 59.03%
5 Yr 0.9%* -0.6% 4.1% 31.39%
10 Yr 1.5%* -1.0% 5.4% 15.60%

* Annualized


Total Return Ranking - Calendar

Period NCACX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.1% -4.3% 2.8% 78.44%
2017 3.3% -0.2% 6.9% 27.81%
2016 -2.9% -4.6% 0.8% 41.55%
2015 1.3% -1.9% 3.7% 17.99%
2014 9.0% 2.0% 15.7% 17.78%

NAV & Total Return History

NCACX - Holdings

Concentration Analysis

NCACX Category Low Category High NCACX % Rank
Net Assets 1.71 B 4.03 M 16.5 B 21.91%
Number of Holdings 388 34 3999 32.58%
Net Assets in Top 10 297 M -676 K 2.99 B 11.80%
Weighting of Top 10 17.43% 3.8% 80.1% 45.51%

Top 10 Holdings

  1. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 2.93%

  2. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 2.65%

  3. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 2.15%

  4. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.25% 1.54%

  5. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.53%

  6. CALIFORNIA ST 5% 1.52%

  7. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 1.47%

  8. CALIFORNIA ST 5% 1.29%

  9. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25% 1.18%

  10. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 1.15%


Asset Allocation

Weighting Return Low Return High NCACX % Rank
Bonds
99.63% 91.08% 111.67% 47.75%
Cash
0.35% -11.67% 8.91% 50.00%
Other
0.01% 0.00% 2.17% 7.30%
Stocks
0.00% 0.00% 0.20% 42.13%
Preferred Stocks
0.00% 0.00% 0.00% 41.01%
Convertible Bonds
0.00% 0.00% 0.00% 41.01%

Bond Sector Breakdown

Weighting Return Low Return High NCACX % Rank
Municipal
99.64% 91.09% 111.67% 47.19%
Cash & Equivalents
0.35% -11.67% 8.91% 50.00%
Derivative
0.00% 0.00% 0.00% 41.01%
Securitized
0.00% 0.00% 0.00% 41.01%
Corporate
0.00% 0.00% 1.70% 47.19%
Government
0.00% -5.28% 1.31% 40.45%

Bond Geographic Breakdown

Weighting Return Low Return High NCACX % Rank
US
94.54% 87.68% 111.67% 77.53%
Non US
5.09% 0.00% 8.93% 11.24%

NCACX - Expenses

Operational Fees

NCACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.31% 0.09% 28.64% 24.14%
Management Fee 0.48% 0.00% 0.63% 68.54%
12b-1 Fee 0.75% 0.00% 1.00% 71.82%
Administrative Fee N/A 0.01% 0.33% N/A

Sales Fees

NCACX 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% 51.16%

Trading Fees

NCACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 1.00% N/A

Turnover 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 56.00% 2.00% 293.00% 92.61%

NCACX - Distributions

Dividend Yield Analysis

NCACX Category Low Category High NCACX % Rank
Dividend Yield 1.29% 0.04% 4.36% 63.48%

Dividend Distribution Analysis

NCACX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

NCACX Category Low Category High NCACX % Rank
Net Income Ratio 2.64% 0.87% 4.50% 68.39%

Capital Gain Distribution Analysis

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

NCACX - Managers

Scott R. Romans

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2003

16.59

16.6%

Scott R. Romans, PhD, is Senior Vice President and Portfolio Manager of Nuveen Asset Management. He began his career in the financial industry in 2000 when he joined an affiliate of Nuveen Asset Management as a senior research analyst and assumed his portfolio management role in 2003.


Tenure Analysis

Category Low

0.17

Category High

30.68

Category Average

8.8

Category Mode

6.51