Nuveen California Municipal Bond Fund Class A (NCAAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.57
-0.05 (-0.52%)
Jul 16, 2025, 4:00 PM EDT
-5.81%
Fund Assets1.62B
Expense Ratio0.74%
Min. Investment$3,000
Turnover21.00%
Dividend (ttm)0.37
Dividend Yield3.66%
Dividend Growth0.82%
Payout FrequencyMonthly
Ex-Dividend DateJul 31, 2025
Previous Close9.62
YTD Return-2.36%
1-Year Return-1.44%
5-Year Return-1.78%
52-Week Low9.48
52-Week High10.29
Beta (5Y)0.28
Holdings314
Inception DateSep 6, 1994

About NCAAX

Nuveen California Municipal Bond Fund Class A is a mutual fund focused on generating a high level of current interest income that is generally exempt from federal, California state, and in some cases, local income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal bonds issued within California, aiming to preserve capital while maximizing tax-exempt income for shareholders. Notably, up to 20% of its assets may be allocated to below investment grade municipal bonds, broadening its opportunity set within the municipal market. With over 300 individual holdings, the fund covers key sectors such as public utilities, education, health facilities, and essential public projects, making it integral to California’s municipal finance ecosystem. The fund appeals to investors seeking tax-advantaged fixed income solutions, particularly those residing in California. Managed by Nuveen, a recognized leader in municipal investing, this fund plays an important role in facilitating infrastructure and public service financing while offering potential for stable, tax-exempt income streams to its investors.

Fund Family Nuveen
Category Muni California Long
Stock Exchange NASDAQ
Ticker Symbol NCAAX
Share Class - Class A
Index S&P Municipal Bond TR USD

Performance

NCAAX had a total return of -1.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.04%.

Chart

Bar chart with 6 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -2.3575837296367377 to 4.041.
End of interactive chart.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
NCSPX- Class I0.54%
NAKFXClass C1.54%

Top 10 Holdings

16.44% of assets
NameSymbolWeight
LOS ANGELES CALIF DEPT WTR & PWR REV 5%CA.LOSUTL 5 07.01.20502.11%
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5.25%CA.CASDEV 5.25 07.01.20542.05%
CALIFORNIA HEALTH FACS FING AUTH REV 4%CA.CASMED 4 04.01.20491.92%
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%PR.PRCGEN 5 07.01.20581.87%
LOS ANGELES CALIF DEPT ARPTS REV 5%CA.LOSAPT 5 05.15.20441.55%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%CA.CCEDEV 01.01.20551.50%
CALIFORNIA ST 5%CA.CAS 5 10.01.20471.46%
CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REV 5%CA.CCHHSG 5 02.01.20501.35%
CALIFORNIA CMNTY HSG AGY WORKFORCE HSG REV 5%CA.CCHHSG 5 04.01.20491.34%
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25%CA.CASGEN 5.25 12.01.20561.29%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jul 31, 2025$0.031Aug 1, 2025
Jun 30, 2025$0.031Jul 1, 2025
May 30, 2025$0.031Jun 2, 2025
Apr 30, 2025$0.031May 1, 2025
Mar 31, 2025$0.031Apr 1, 2025
Feb 28, 2025$0.031Mar 3, 2025
Full Dividend History