Nuveen California High Yield Municipal Bond Fund Class C (NAWSX)
| Fund Assets | 914.46M |
| Expense Ratio | 2.63% |
| Min. Investment | $3,000 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 3.64% |
| Dividend Growth | 5.98% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 7.49 |
| YTD Return | -4.19% |
| 1-Year Return | -3.81% |
| 5-Year Return | -11.14% |
| 52-Week Low | 7.31 |
| 52-Week High | 8.19 |
| Beta (5Y) | n/a |
| Holdings | 501 |
| Inception Date | Feb 10, 2014 |
About NAWSX
Nuveen California High Yield Municipal Bond Fund Class C is a mutual fund focused primarily on generating high levels of current income that is exempt from regular federal and California personal income taxes. The fund achieves this by investing in a diversified portfolio of municipal bonds, with a particular emphasis on those rated below investment grade or considered medium to lower rated. This high-yield approach targets bonds that offer attractive yields, incorporating a mix of credit qualities, liquidity, and future prospects within the California municipal market. Notably, the fund strategically uses leverage through inverse floating rate securities issued in tender option bond transactions to seek enhanced yield and duration. Its core holdings often include essential housing, development, and infrastructure projects throughout the state, reflecting its direct impact on California’s public sector and community development. This fund plays an important role for investors seeking tax-advantaged income and broad exposure to California’s municipal bond market, while also navigating higher risk and expense levels associated with its high-yield orientation.
Performance
NAWSX had a total return of -3.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.90%.
Top 10 Holdings
16.43% of assets| Name | Symbol | Weight |
|---|---|---|
| Fixed Income Clearing Corp Repo | n/a | 2.43% |
| CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV 4% | CA.CDAHSG 4 10.01.2056 | 1.84% |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5% | CA.CASGEN 5.5 12.01.2054 | 1.80% |
| CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REV 5% | CA.CCHHSG 5 02.01.2050 | 1.74% |
| CALIFORNIA CMNTY HSG AGY WORKFORCE HSG REV 5% | CA.CCHHSG 5 04.01.2049 | 1.65% |
| CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV 3.5% | CA.CDAHSG 3.5 10.01.2046 | 1.62% |
| CALIFORNIA MUN FIN AUTH REV 7.25% | CA.CASFIN 7.25 07.01.2053 | 1.50% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS 8.58% | CA.CCEDEV 11.01.2054 | 1.49% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS 15.72% | CA.TENGEN 12.01.2055 | 1.31% |
| PUERTO RICO COMWLTH 4% | PR.PRC 4 07.01.2041 | 1.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.0235 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0235 | Jul 1, 2025 |
| May 30, 2025 | $0.0235 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0235 | May 1, 2025 |
| Mar 31, 2025 | $0.0235 | Apr 1, 2025 |
| Feb 28, 2025 | $0.0235 | Mar 3, 2025 |