Nuveen California High Yield Municipal Bond Fund Class I (NCHRX)
| Fund Assets | 914.48M |
| Expense Ratio | 1.63% |
| Min. Investment | $100,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 4.65% |
| Dividend Growth | 3.00% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 7.75 |
| YTD Return | -0.01% |
| 1-Year Return | 6.84% |
| 5-Year Return | -7.60% |
| 52-Week Low | 7.36 |
| 52-Week High | 7.97 |
| Beta (5Y) | n/a |
| Holdings | 485 |
| 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 6.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.65%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.0305 | Jun 1, 2026 |
| Apr 30, 2026 | $0.030 | May 1, 2026 |
| Mar 31, 2026 | $0.030 | Apr 1, 2026 |
| Feb 27, 2026 | $0.030 | Mar 2, 2026 |
| Jan 30, 2026 | $0.030 | Feb 2, 2026 |
| Dec 31, 2025 | $0.030 | Dec 31, 2025 |