Nuveen California High Yield Municipal Bond Fund Class A (NCHAX)
| Fund Assets | 914.46M |
| Expense Ratio | 1.83% |
| Min. Investment | $3,000 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 4.27% |
| Dividend Growth | 5.33% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 7.49 |
| YTD Return | -4.06% |
| 1-Year Return | -3.05% |
| 5-Year Return | -7.10% |
| 52-Week Low | 7.32 |
| 52-Week High | 8.20 |
| Beta (5Y) | n/a |
| Holdings | 501 |
| Inception Date | Mar 28, 2006 |
About NCHAX
Nuveen California High Yield Municipal Bond Fund Class A is an open-end mutual fund that primarily seeks to deliver high current income exempt from regular federal and California state income taxes. This fund principally invests in a diversified portfolio of municipal bonds, emphasizing those rated below investment grade or considered medium to lower rated, targeting higher yields. Its holdings consist largely of bonds issued by various California municipalities, including sectors such as essential housing, community development, and public finance, with at least 80% of assets in bonds exempt from California personal income tax. The fund is managed by a team of experienced portfolio managers and credit analysts who actively seek value opportunities among non-investment-grade and unrated municipal bonds, aiming to capitalize on market inefficiencies. Additionally, it employs strategies such as leverage through tender option bond transactions to potentially enhance yield and duration. With over $900 million in assets, the fund plays a significant role for investors seeking tax-advantaged income, especially those residing in California, by offering exposure to the local municipal bond market while accepting a higher level of credit risk for potentially greater tax-free returns.
Performance
NCHAX had a total return of -3.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.26%.
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 | $0.0285 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0285 | Jul 1, 2025 |
| May 30, 2025 | $0.0285 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0285 | May 1, 2025 |
| Mar 31, 2025 | $0.0285 | Apr 1, 2025 |
| Feb 28, 2025 | $0.0285 | Mar 3, 2025 |