NCHAX: Nuveen CA High Yield Municipal Bond A

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NCHAX Nuveen CA High Yield Municipal Bond A

  • Fund
  • NCHAX
  • Price as of: Oct 18, 2019
  • $10.16 - $0.00 - 0.00%

NCHAX - Profile

Vitals

  • YTD Return 7.7%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $1.23 B
  • Holdings in Top 10 10.0%

52 WEEK LOW AND HIGH

$10.16
$9.30
$10.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.17%

SALES FEES

  • Front Load 4.20%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 7.7%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.99%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Nuveen California High Yield Municipal Bond Fund
  • Fund Family Name Nuveen
  • Inception Date Mar 28, 2006
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager John V. Miller

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.

NCHAX - Performance

Return Ranking - Trailing

Period NCHAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% 2.3% 10.4% 3.63%
1 Yr 11.2% 1.8% 13.0% 2.60%
3 Yr 4.4%* -1.5% 4.4% 0.57%
5 Yr 5.9%* -1.5% 5.9% 1.22%
10 Yr 7.4%* -1.0% 7.4% 0.72%

* Annualized


Return Ranking - Calendar

Period NCHAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.3% -6.2% 2.8% 92.97%
2017 6.8% -0.2% 6.8% 1.78%
2016 -4.7% -7.9% -1.7% 90.00%
2015 1.3% -1.9% 1.8% 14.01%
2014 15.6% 1.5% 16.6% 1.96%

Total Return Ranking - Trailing

Period NCHAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% 2.3% 10.4% 3.63%
1 Yr 6.5% 0.8% 13.0% 46.35%
3 Yr 2.9%* -1.5% 4.1% 9.77%
5 Yr 4.9%* -1.5% 5.9% 3.66%
10 Yr 7.0%* -1.0% 7.1% 1.44%

* Annualized


Total Return Ranking - Calendar

Period NCHAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.3% -6.2% 2.8% 92.97%
2017 6.9% -0.2% 6.9% 1.78%
2016 -4.6% -7.9% 0.8% 90.00%
2015 1.3% -1.9% 3.7% 19.11%
2014 15.7% 2.0% 16.6% 1.96%

NAV & Total Return History

NCHAX - Holdings

Concentration Analysis

NCHAX Category Low Category High NCHAX % Rank
Net Assets 1.23 B 3.1 M 16.3 B 30.61%
Number of Holdings 659 18 3999 12.24%
Net Assets in Top 10 122 M -110 M 2.99 B 46.43%
Weighting of Top 10 9.98% 3.8% 80.5% 89.80%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.46%

  2. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.3% 1.26%

  3. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.25%

  4. CALIFORNIA CMNTY HSG AGY WORKFORCE HSG REV 5% 0.99%

  5. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5% 0.90%

  6. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.33% 0.88%

  7. TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 5.12% 0.84%

  8. CALIFORNIA MUN FIN AUTH REV 5% 0.83%

  9. CALIFORNIA MUN FIN AUTH REV 5% 0.77%

  10. CALIFORNIA MUN FIN AUTH REV 4% 0.77%


Asset Allocation

Weighting Return Low Return High NCHAX % Rank
Bonds
96.61% 91.08% 158.35% 87.24%
Other
2.17% -40.48% 2.17% 2.04%
Cash
1.02% -38.61% 8.91% 33.16%
Stocks
0.20% 0.00% 0.20% 2.04%
Preferred Stocks
0.00% 0.00% 0.00% 88.78%
Convertible Bonds
0.00% 0.00% 0.00% 88.78%

Stock Sector Breakdown

Weighting Return Low Return High NCHAX % Rank
Industrials
0.20% 0.00% 0.20% 19.05%
Utilities
0.00% 0.00% 0.00% 90.48%
Technology
0.00% 0.00% 0.00% 90.48%
Real Estate
0.00% 0.00% 0.00% 90.48%
Healthcare
0.00% 0.00% 1.12% 90.48%
Financial Services
0.00% 0.00% 1.10% 100.00%
Energy
0.00% 0.00% 0.90% 90.48%
Communication Services
0.00% 0.00% 0.00% 90.48%
Consumer Defense
0.00% 0.00% 0.00% 90.48%
Consumer Cyclical
0.00% 0.00% 0.00% 90.48%
Basic Materials
0.00% 0.00% 0.00% 90.48%

Stock Geographic Breakdown

Weighting Return Low Return High NCHAX % Rank
US
0.20% 0.00% 0.20% 2.04%
Non US
0.00% 0.00% 0.00% 88.78%

Bond Sector Breakdown

Weighting Return Low Return High NCHAX % Rank
Municipal
96.61% 91.09% 153.13% 86.22%
Cash & Equivalents
1.02% -38.61% 8.91% 33.16%
Derivative
0.00% 0.00% 0.00% 88.78%
Securitized
0.00% 0.00% 1.72% 88.78%
Corporate
0.00% 0.00% 1.71% 90.82%
Government
0.00% -5.09% 1.93% 81.12%

Bond Geographic Breakdown

Weighting Return Low Return High NCHAX % Rank
US
87.68% 87.68% 158.35% 100.00%
Non US
8.93% 0.00% 8.93% 2.04%

NCHAX - Expenses

Operational Fees

NCHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.09% 28.64% 31.77%
Management Fee 0.53% 0.00% 0.70% 85.71%
12b-1 Fee 0.20% 0.00% 1.00% 31.53%
Administrative Fee N/A 0.01% 0.33% N/A

Sales Fees

NCHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.20% 2.25% 4.75% 40.91%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NCHAX 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.

NCHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 293.00% 44.33%

NCHAX - Distributions

Dividend Yield Analysis

NCHAX Category Low Category High NCHAX % Rank
Dividend Yield 1.20% 0.00% 4.09% 73.47%

Dividend Distribution Analysis

NCHAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

NCHAX Category Low Category High NCHAX % Rank
Net Income Ratio 3.99% 0.87% 6.70% 6.77%

Capital Gain Distribution Analysis

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

NCHAX - Managers

John V. Miller

Manager

Start Date

Tenure

Tenure Rank

Mar 28, 2006

13.52

13.5%

John V. Miller, CFA, is Managing Director and Co-Head of Fixed Income at Nuveen Asset Management. Before being named to co-head of fixed income in 2011, he was chief investment officer for the firm’s municipal bond team starting in 2007. He was named a managing director and head of portfolio management for Nuveen Asset Management in 2006. Mr. Miller became a portfolio manager in 2000 after starting at the firm as a municipal credit analyst in 1996. He began working in the financial industry at a private account management firm in 1993. Mr. Miller earned a B.A. in Economics and Political Science from Duke University, an M.A. in Economics from Northwestern University, and an M.B.A. with honors in Finance from the University of Chicago.


Tenure Analysis

Category Low

0.25

Category High

30.77

Category Average

9.03

Category Mode

6.59