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Nuveen CA High Yield Municipal Bond A NCHAX

Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 7.89  /  +0.01 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.810%
  • Expense Ratio 1.510%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 4.11%
  • Effective Duration 12.66 years

USD | NAV as of Feb 27, 2024 | 1-Day Return as of Feb 27, 2024, 11:59 PM GMT+0

Morningstar’s Analysis NCHAX

Will NCHAX outperform in future?

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Nuveen CA High Yield Municipal Bond A to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

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Portfolio Holdings NCHAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 13.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REV 4%

2.16 23.5 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5%

1.53 16.7 Mil
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 4.4%

1.51 16.5 Mil
municipal

Fixed Income Clearing Corp Repo

1.45 15.8 Mil
Cash and Equivalents

TENDER OPT BD TR RCPTS / CTFS VAR STS 4.02%

1.33 14.5 Mil
municipal

CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV 4%

1.33 14.5 Mil
municipal

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5%

1.27 13.8 Mil
municipal

PUERTO RICO COMWLTH 4%

1.22 13.3 Mil
municipal

CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REV 5%

1.14 12.4 Mil
municipal

ANTELOPE VY CALIF HEALTHCARE DIST REV 5%

0.95 10.3 Mil
municipal