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Morningstar

Nuveen CA Municipal Bond A NCAAX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.03  /  −0.09 %
  • Total Assets 1.7 Bil
  • Adj. Expense Ratio
    0.740%
  • Expense Ratio 0.760%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 3.60%
  • Effective Duration 7.69 years

USD | NAV as of Apr 15, 2024 | 1-Day Return as of Apr 15, 2024, 11:52 PM GMT+0

Morningstar’s Analysis NCAAX

Will NCAAX outperform in 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.

Strength in Nuveen CA Municipal Bond A's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NCAAX

More NCAAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SAN DIEGO CALIF UNI SCH DIST 6%

3.70 62.6 Mil
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

2.12 35.9 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

2.06 34.9 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.85 31.3 Mil
municipal

SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST 4%

1.81 30.6 Mil
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5%

1.49 25.1 Mil
municipal

CALIFORNIA ST 5%

1.38 23.4 Mil
municipal

Us Dollars

1.34 22.6 Mil
Cash and Equivalents

SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0%

1.33 22.5 Mil
municipal

GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5%

1.28 21.7 Mil
municipal