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
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol NCAAX
Share Class - Class A
Index S&P Municipal Bond TR USD
NCAAX had a total return of -2.14% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.93%.
