Nuveen California High Yield Municipal Bond Fund Class A (NCHAX)
| Fund Assets | 971.17M |
| Expense Ratio | 1.83% |
| Min. Investment | $3,000 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 4.14% |
| Dividend Growth | 4.91% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 8.26 |
| YTD Return | 1.33% |
| 1-Year Return | 4.60% |
| 5-Year Return | -7.62% |
| 52-Week Low | 7.37 |
| 52-Week High | 8.27 |
| Beta (5Y) | n/a |
| Holdings | 487 |
| 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 4.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.07%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.0285 | Mar 2, 2026 |
| Jan 30, 2026 | $0.0285 | Feb 2, 2026 |
| Dec 31, 2025 | $0.0285 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0285 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0285 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0285 | Oct 1, 2025 |