Morningstar

Nuveen California Municipal Bond Fund Class A NCAAX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.00  /  −0.10 %
  • Total Assets 1.7B
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.720%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.72%
  • Effective Duration 7.56 years

USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 2:29 AM GMT+0

Morningstar’s Analysis NCAAX

Will NCAAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NCAAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NCAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NCAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Nuveen CA Municipal Bond A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings NCAAX

More NCAAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOS ANGELES CALIF 5%

2.51 41M
Cash and Equivalents

LOS ANGELES CNTY CALIF 5%

2.35 39M
Cash and Equivalents

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

2.04 34M
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5.25%

2.00 33M
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.93 32M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.60 26M
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5%

1.50 25M
municipal

PUERTO RICO COMWLTH 5.63%

1.49 24M
municipal

CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV 4%

1.29 21M
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25%

1.26 21M
municipal

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