NCHRX – Nuveen CA High Yield Municipal Bond I Investment Strategy | Morningstar

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Strategy

The investment seeks high current income exempt from regular federal, California State and, in some cases, California local income taxes; total return is a secondary objective. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal and California personal income tax. These municipal bonds include obligations issued by the State of California and its subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
NCHRX	Nuveen California High Yield Municipal Bond Fund Class I	Institutional	Open			Mar 28, 2006	$433.04M	0.600%	Above Average	$100,000	−$52.15M
NCHAX	Nuveen California High Yield Municipal Bond Fund Class A	Front Load	Open			Mar 28, 2006	$366.21M	0.800%	Above Average	$2,500	−$60.89M
NAWSX	Nuveen California High Yield Municipal Bond Fund Class C	Level Load	Open			Feb 10, 2014	$15.11M	1.600%	High	$2,500	−$4.24M

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