Nuveen California High Yield Municipal Bond Fund Class I (NCHRX)
| Fund Assets | 914.46M |
| Expense Ratio | 1.63% |
| Min. Investment | $100,000 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 4.71% |
| Dividend Growth | 5.04% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 7.51 |
| YTD Return | -3.18% |
| 1-Year Return | -2.08% |
| 5-Year Return | -6.19% |
| 52-Week Low | 7.31 |
| 52-Week High | 8.19 |
| Beta (5Y) | n/a |
| Holdings | 501 |
| Inception Date | Mar 28, 2006 |
About NCHRX
Nuveen California High Yield Municipal Bond Fund Class I is an open-end mutual fund focused on generating high current income that is exempt from regular federal, California state, and, in some cases, local income taxes. The fund primarily invests at least 80% of its assets in municipal bonds issued within California, with an emphasis on medium to lower-rated securities—often categorized as below investment grade or high yield. By concentrating on this segment, the fund targets issuers such as local governments, housing authorities, and infrastructure projects across California, aiming to exploit yield opportunities in the municipal bond market through credit research and value analysis. It employs strategies like leveraging inverse floating rate securities via tender option bond transactions to enhance yield and manage duration exposure. Notably, the fund features a diversified portfolio—typically holding over 500 unique bond issues—and maintains an effective duration of about 12 years. Its monthly income distributions and tax-exempt status make it particularly relevant for investors subject to California income taxes, while its high-yield orientation plays a distinctive role in the broader municipal bond market by supporting infrastructure and development at the state and local levels.
Performance
NCHRX had a total return of -2.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.46%.
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 | $0.030 | Aug 1, 2025 |
| Jun 30, 2025 | $0.030 | Jul 1, 2025 |
| May 30, 2025 | $0.030 | Jun 2, 2025 |
| Apr 30, 2025 | $0.030 | May 1, 2025 |
| Mar 31, 2025 | $0.030 | Apr 1, 2025 |
| Feb 28, 2025 | $0.030 | Mar 3, 2025 |