NCACX: Nuveen California Municipal Bond Fund - MutualFunds.com

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Nuveen CA Municipal Bond C2

NCACX - Snapshot

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return 3.4%
  • Net Assets $2.19 B
  • Holdings in Top 10 14.8%

52 WEEK LOW AND HIGH

$11.44
$10.27
$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

$14.64

0.00%

$78.20 B

0.00%

$0.00

1.17%

0.17%

$11.21

0.00%

$32.33 B

0.00%

$0.00

1.17%

0.17%

$13.38

0.00%

$24.21 B

0.00%

$0.00

0.38%

0.52%

$15.93

0.00%

$19.35 B

0.00%

$0.00

0.50%

0.17%

$115.26

+0.01%

$17.86 B

-

-

1.33%

0.07%

NCACX - Profile

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 3.4%
  • 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 0.4% -9.2% 300.4% 37.96%
1 Yr 2.6% -5.9% 6.6% 49.40%
3 Yr 3.4%* -0.9% 7.4% 44.88%
5 Yr 3.4%* -0.2% 7.0% 29.87%
10 Yr 4.5%* -0.1% 8.1% 12.75%

* Annualized

Return Ranking - Calendar

Period NCACX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -0.3% 15.4% 23.82%
2018 -3.1% -10.3% 97.2% 85.31%
2017 3.2% -100.0% 7.6% 10.30%
2016 -2.9% -7.9% 96.8% 52.25%
2015 1.3% -4.8% 3.0% 3.10%

Total Return Ranking - Trailing

Period NCACX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -9.2% 300.4% 37.90%
1 Yr 1.6% -8.7% 6.6% 54.95%
3 Yr 3.4%* -2.4% 7.4% 36.29%
5 Yr 3.4%* -1.4% 7.0% 25.75%
10 Yr 4.5%* -0.5% 8.1% 11.84%

* Annualized

Total Return Ranking - Calendar

Period NCACX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -0.3% 15.4% 24.23%
2018 -3.1% -10.3% 11.0% 86.44%
2017 3.3% -100.0% 7.6% 12.49%
2016 -2.9% -7.9% 3.0% 57.91%
2015 1.3% -4.8% 4.0% 6.73%

NAV & Total Return History


NCACX - Holdings

Concentration Analysis

NCACX Category Low Category High NCACX % Rank
Net Assets 2.19 B 617 K 78.2 B 17.30%
Number of Holdings 422 3 10083 24.55%
Net Assets in Top 10 323 M -202 M 4.54 B 10.83%
Weighting of Top 10 14.84% 2.4% 99.7% 66.53%

Top 10 Holdings

  1. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 2.29%
  2. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 2.04%
  3. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.71%
  4. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 1.67%
  5. METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 5% 1.44%
  6. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.25% 1.21%
  7. CALIFORNIA ST 5% 1.18%
  8. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.18%
  9. CALIFORNIA CMNTY HSG AGY WORKFORCE HSG REV 5% 1.09%
  10. CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5% 1.03%

Asset Allocation

Weighting Return Low Return High NCACX % Rank
Bonds
100.05% 65.51% 149.06% 11.27%
Stocks
0.00% 0.00% 1.67% 13.65%
Preferred Stocks
0.00% -0.98% 1.04% 9.07%
Other
0.00% -1.48% 12.83% 13.78%
Convertible Bonds
0.00% 0.00% 1.83% 9.47%
Cash
-0.05% -49.07% 34.49% 88.83%

Bond Sector Breakdown

Weighting Return Low Return High NCACX % Rank
Municipal
99.98% 49.08% 100.00% 13.89%
Cash & Equivalents
0.02% 0.00% 34.49% 81.97%
Derivative
0.00% 0.00% 2.16% 8.90%
Securitized
0.00% 0.00% 6.06% 11.05%
Corporate
0.00% 0.00% 13.25% 21.54%
Government
0.00% 0.00% 49.86% 16.10%

Bond Geographic Breakdown

Weighting Return Low Return High NCACX % Rank
US
95.29% 65.51% 142.92% 65.02%
Non US
4.76% 0.00% 27.43% 14.91%

NCACX - Expenses

Operational Fees

NCACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.29% 0.01% 4.01% 25.72%
Management Fee 0.47% 0.00% 1.10% 61.27%
12b-1 Fee 0.75% 0.00% 1.00% 69.21%
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% 14.94%

Trading Fees

NCACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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% 235.00% 23.69%

NCACX - Distributions

Dividend Yield Analysis

NCACX Category Low Category High NCACX % Rank
Dividend Yield 0.00% 0.00% 3.82% 14.48%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NCACX Category Low Category High NCACX % Rank
Net Income Ratio 2.33% 0.04% 6.48% 57.27%

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

17.68

17.7%

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 33.85 8.29 2.76