Morningstar

Nuveen California High Yield Municipal Bond Fund Class A NCHAX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 7.89  /  0.00
  • Total Assets 942.6M
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.800%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.35%
  • Effective Duration 11.12 years

USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 12:10 AM GMT+0

Morningstar’s Analysis NCHAX

Will NCHAX 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 NCHAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NCHAX 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 NCHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Nuveen CA High Yield 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
Rated on Published on

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Portfolio Holdings NCHAX

More NCHAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fixed Income Clearing Corp Repo

2.24 20M
Cash and Equivalents

CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV 4%

1.93 17M
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5%

1.85 17M
municipal

CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV 3.5%

1.73 16M
municipal

CALIFORNIA CMNTY HSG AGY WORKFORCE HSG REV 5%

1.60 14M
municipal

CALIFORNIA MUN FIN AUTH REV 7.25%

1.40 13M
municipal

CALIFORNIA EDL FACS AUTH REV 5.13%

1.19 11M
municipal

CALIFORNIA PUB FIN AUTH SR LIVING REV 5.1%

1.09 10M
municipal

CALIFORNIA SCH FIN AUTH CHARTER SCH REV 6%

1.04 9M
municipal

MADERA CNTY CALIF SPL TAX 5.75%

0.99 9M
municipal

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