NCHRX: Nuveen CA High Yield Municipal Bond I

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NCHRX Nuveen CA High Yield Municipal Bond I


Profile

NCHRX - Profile

Vitals

  • YTD Return -1.2%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $1.26 B
  • Holdings in Top 10 10.9%

52 WEEK LOW AND HIGH

$10.01
$8.25
$10.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 2.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -1.2%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.84%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John 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.


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Categories

Performance

NCHRX - Performance

Return Ranking - Trailing

Period NCHRX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.2% -3.0% 303.2% 88.08%
1 Yr -1.3% -3.1% 299.7% 84.38%
3 Yr 1.1%* -0.9% 58.8% 21.79%
5 Yr 1.2%* -0.9% 31.6% 13.64%
10 Yr 1.9%* -0.3% 15.0% 3.91%

* Annualized

Return Ranking - Calendar

Period NCHRX Return Category Return Low Category Return High Rank in Category (%)
2019 7.5% 2.4% 8.8% 2.65%
2018 -4.3% -6.2% 2.8% 93.92%
2017 6.8% -0.2% 6.8% 1.21%
2016 -4.7% -7.9% -1.7% 91.67%
2015 1.4% -1.9% 1.8% 7.19%

Total Return Ranking - Trailing

Period NCHRX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.2% -3.0% 303.2% 88.08%
1 Yr -1.3% -3.1% 299.7% 84.38%
3 Yr 1.1%* -0.9% 59.1% 27.37%
5 Yr 1.3%* -0.9% 31.9% 18.83%
10 Yr 1.9%* -0.3% 15.5% 7.81%

* Annualized

Total Return Ranking - Calendar

Period NCHRX Return Category Return Low Category Return High Rank in Category (%)
2019 7.5% 2.4% 8.8% 2.65%
2018 -4.3% -6.2% 2.8% 93.92%
2017 6.9% -0.2% 6.9% 1.21%
2016 -4.6% -7.9% 0.8% 91.67%
2015 1.4% -1.9% 3.7% 12.42%

NAV & Total Return History


Holdings

NCHRX - Holdings

Concentration Analysis

NCHRX Category Low Category High NCHRX % Rank
Net Assets 1.26 B 2.99 M 17.2 B 30.57%
Number of Holdings 671 20 4740 15.03%
Net Assets in Top 10 136 M -115 M 3.01 B 41.97%
Weighting of Top 10 10.86% 3.5% 68.6% 84.97%

Top 10 Holdings

  1. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5% 1.70%
  2. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.50%
  3. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.3% 1.23%
  4. CALIFORNIA MUN FIN AUTH SPL FAC REV 4% 1.22%
  5. PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% 0.92%
  6. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.33% 0.89%
  7. CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REV 5% 0.86%
  8. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% 0.86%
  9. ANTELOPE VY CALIF HEALTHCARE DIST REV 5% 0.85%
  10. PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% 0.83%

Asset Allocation

Weighting Return Low Return High NCHRX % Rank
Bonds
99.22% 88.08% 139.13% 53.37%
Cash
0.68% -39.12% 11.92% 45.60%
Stocks
0.10% 0.00% 0.10% 2.07%
Preferred Stocks
0.00% 0.00% 0.00% 83.42%
Other
0.00% 0.00% 3.39% 85.49%
Convertible Bonds
0.00% 0.00% 0.00% 83.42%

Stock Sector Breakdown

Weighting Return Low Return High NCHRX % Rank
Industrials
100.00% 100.00% 100.00% 100.00%
Utilities
0.00% 0.00% 0.00% 100.00%
Technology
0.00% 0.00% 0.00% 100.00%
Real Estate
0.00% 0.00% 0.00% 100.00%
Healthcare
0.00% 0.00% 0.00% 100.00%
Financial Services
0.00% 0.00% 0.00% 100.00%
Energy
0.00% 0.00% 0.00% 100.00%
Communication Services
0.00% 0.00% 0.00% 100.00%
Consumer Defense
0.00% 0.00% 0.00% 100.00%
Consumer Cyclical
0.00% 0.00% 0.00% 100.00%
Basic Materials
0.00% 0.00% 0.00% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High NCHRX % Rank
US
0.10% 0.00% 0.10% 2.07%
Non US
0.00% 0.00% 0.00% 83.42%

Bond Sector Breakdown

Weighting Return Low Return High NCHRX % Rank
Municipal
99.32% 49.29% 101.06% 55.44%
Cash & Equivalents
0.68% -0.27% 13.85% 46.63%
Derivative
0.00% 0.00% 0.00% 83.42%
Securitized
0.00% 0.00% 0.00% 83.42%
Corporate
0.00% 0.00% 2.58% 83.94%
Government
0.00% -0.79% 49.18% 82.90%

Bond Geographic Breakdown

Weighting Return Low Return High NCHRX % Rank
US
90.28% 85.92% 134.71% 86.01%
Non US
8.94% 0.00% 9.10% 3.63%

Expenses

NCHRX - Expenses

Operational Fees

NCHRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.09% 3.74% 34.90%
Management Fee 0.53% 0.00% 0.65% 84.97%
12b-1 Fee 0.00% 0.00% 1.00% 15.38%
Administrative Fee N/A 0.01% 0.33% N/A

Sales Fees

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

Trading Fees

NCHRX 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.

NCHRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 2.00% 2.00% 235.00% 3.65%

Distributions

NCHRX - Distributions

Dividend Yield Analysis

NCHRX Category Low Category High NCHRX % Rank
Dividend Yield 0.00% 0.00% 0.64% 85.49%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NCHRX Category Low Category High NCHRX % Rank
Net Income Ratio 3.84% 0.73% 5.75% 4.17%

Capital Gain Distribution Analysis

NCHRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

NCHRX - Fund Manager Analysis

Managers

John Miller


Start Date

Tenure

Tenure Rank

Mar 28, 2006

14.44

14.4%

John leads the municipals fixed income strategic direction and investment perspectives for Nuveen. He also manages several municipal bond strategies and closed-end funds. John is a trusted public voice in discussing key issues and trends within the municipal market. He is a frequent guest on CNBC, Bloomberg Television and Fox Business News. His perspective is often sought out by leading industry media such as The Wall Street Journal, Barron’s, Bloomberg News and Morningstar. Before being named the 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. John 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. John 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. in Finance with honors from the University of Chicago. He holds the Chartered Financial Analyst designation and is a member of the CFA institute and the CFA society of Chicago. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 31.69 9.4 7.51