About NCSPX
Nuveen California Municipal Bond Fund Class I is a mutual fund specializing in fixed income investments, with a primary objective to deliver a high level of current interest income exempt from regular federal, California State, and, in some cases, local income taxes. Managed by Nuveen, the fund invests mainly in investment-grade municipal bonds issued within California, providing tax-sensitive investors access to a diversified portfolio of high-quality debt obligations. The fund typically maintains a long-term portfolio structure, focusing on the preservation of capital while supporting public projects and infrastructure throughout the state. It predominantly targets the municipal bonds sector, impacting areas such as education, transportation, and utilities, which are vital to California's local and state development. With significant total assets and an expense ratio managed to remain competitive within its category, the fund serves as a strategic vehicle for investors seeking tax-exempt income and exposure to California’s municipal bond market.
Fund Family Nuveen
Category Muni California Long
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol NCSPX
Share Class - Class I
Index S&P Municipal Bond TR USD
NCSPX had a total return of 6.13% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.44%.
