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Nuveen CA High Yield Municipal Bond I (NCHRX) Fund Ranking and Research

Ranking, Research and Recommendation of Nuveen CA High Yield Municipal Bond I (NCHRX) Fund

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Graph of Nuveen CA High Yield Municipal Bond I Fund (NCHRX) ManagerFund Manager - John V. Miller

Fund Manager Information

Fund Manager Tenure: 11.7 years
Similar Funds: NCHAX  NCHCX 
Fund Family: Nuveen
Fund Category: Muni California Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.75)     (What does this score mean?)
Miller, CFA, joined Nuveen Investments as a Credit Analyst in 1996, with three prior years of experience as an analyst with C.W. Henderson & Associates. He has been responsible for analysis of high-yield credits in the utility, solid waste, and energy-related sectors. Since 2011, Miller has served as Co-Head of Fixed Income and Managing Director since 2007. Between 2002 and 2007, he was Vice President at Nuveen. Miller earned a B.A. in Economics and Political Science from Duke University, an M.A. in Economics from Northwestern University, and an M.B.A. with honors in Finance from the University of Chicago.  Get more insights on John V. Miller

 

Graph of Nuveen CA High Yield Municipal Bond I Fund (NCHRX) ProfileNuveen CA High Yield Municipal Bond I Fund (NCHRX) Profile

Fund Profile and Description

Nuveen CA High Yield Municipal Bond I Fund seeks high current income exempt from regular federal, state and, in some cases, local income taxes; total return is a secondary objective. Nuveen CA High Yield Municipal Bond I Fund invests substantially all of net assets in municipal bonds that pay interest that are exempt from regular federal and California personal income tax. It normally invests at least 65% of net assets in medium- to low-quality bonds rated BBB/Baa or lower and can invest up to 10% of net assets in defaulted municipal bonds. Nuveen CA High Yield Municipal Bond I Fund may invest up to 15% of net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates.

 

Nuveen CA High Yield Municipal Bond I (NCHRX) Fund Strength What we like about Nuveen CA High Yield Municipal Bond I (NCHRX) Fund

Data for Nuveen CA High Yield Municipal Bond I Fund (NCHRX) as of May 30, 2016

  • Nuveen CA High Yield Municipal Bond I Fund (NCHRX) management has been with Nuveen CA High Yield Municipal Bond I Fund for 11.7 years
  • Nuveen CA High Yield Municipal Bond I Fund (NCHRX) has good short-term performance (1-year return 10.43% vs 6.63% Muni California Long category median performance)
  • Nuveen CA High Yield Municipal Bond I Fund (NCHRX) has good mid-term performance (3-year return 7.73% vs 4.68% Muni California Long category median performance)
  • Nuveen CA High Yield Municipal Bond I Fund (NCHRX) has good Long-term performance (5-year return 11.19% vs 6.44% Muni California Long category median performance)
  • Nuveen CA High Yield Municipal Bond I Fund (NCHRX) ratio of up-years vs down years is greater than 2
  • Nuveen CA High Yield Municipal Bond I Fund (NCHRX) has a Morningstar rating of 4 and above
  • Asset base in Nuveen CA High Yield Municipal Bond I Fund (NCHRX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Nuveen CA High Yield Municipal Bond I Fund (NCHRX) has an annual stock turnover rate of 9.00% vs Muni California Long average of 19.12%. It is good that Nuveen CA High Yield Municipal Bond I management does not trade extensively for its return.
  • Nuveen CA High Yield Municipal Bond I Fund (NCHRX) has a lower expense ratio than its Muni California Long average: 0.65% vs 0.88%
  • Nuveen CA High Yield Municipal Bond I Fund (NCHRX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Nuveen CA High Yield Municipal Bond I Fund (NCHRX) Weakness What we are cautious about Nuveen CA High Yield Municipal Bond I (NCHRX) Fund

Data for Nuveen CA High Yield Municipal Bond I Fund (NCHRX) as of May 30, 2016

  • Nuveen CA High Yield Municipal Bond I Fund (NCHRX) is less safe compared to its Muni California Long peers
  • Nuveen CA High Yield Municipal Bond I Fund (NCHRX) is more volatile than its peers as it has a 3-year Standard Deviation of 6.64 that is higher than category average of 4.35
See Nuveen CA High Yield Municipal Bond I Fund (NCHRX) performance details as of May 30, 2016

 

What do you think?

 

Compare Nuveen CA High Yield Municipal Bond I Fund (NCHRX)Compare with other top Muni California Long category mutual funds

Aadditional top Muni California Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Nuveen CA High Yield Municipal Bond I4.7310.437.7311.19
American Century CA Hi-Yld Muni Inv (BCHYX)4.258.696.057.62Compare
Franklin CA High Yield Municipal A (FCAMX)4.218.376.058.83Compare
Invesco CA Tax-Free Income Y (CLFDX)3.587.595.247.01Compare

See top fund managers for Muni California Long Category Funds

 

Compare Nuveen CA High Yield Municipal Bond I Fund (NCHRX)Compare with Muni California Long category ETFs

Some Muni California Long ETFs for your consideration

ETFYear to DateOne YearThree Year
SPDR Nuveen Barclays CA Muni Bd ETF (CXA)3.30%7.63%5.25%

 

Graph of Nuveen CA High Yield Municipal Bond I Fund (NCHRX) Net Asset TrackingNuveen CA High Yield Municipal Bond I (NCHRX) Fund Net Asset

Track net asset change of Nuveen CA High Yield Municipal Bond I fund (NCHRX)

DateNet Asset
05/2016$919.88M
03/2016$830.82M
02/2016$783.54M
More historic net asset information on Nuveen CA High Yield Municipal Bond I Fund (NCHRX)

  

Graph of Nuveen CA High Yield Municipal Bond I Fund (NCHRX) Portfolio TrackingNuveen CA High Yield Municipal Bond I (NCHRX) Fund Portfolio Allocation

Track portfolio allocation change of Nuveen CA High Yield Municipal Bond I fund (NCHRX)

DateCashStockBondOther
04/20167.46%0.37%92.17%0%
03/20167.97%0.46%91.57%0%
01/20166.01%0.48%93.52%0%
Click here to see more historic asset allocation information on Nuveen CA High Yield Municipal Bond I Fund (NCHRX)

 

graph of Nuveen CA High Yield Municipal Bond I Fund (NCHRX) Top 10 Position TrackingTop 10 Holdings in Nuveen CA High Yield Municipal Bond I (NCHRX) Fund

Discover what Nuveen CA High Yield Municipal Bond I Fund (NCHRX) manager is buying

Apr 29, 2016
Golden St Tob Securitization C To 5.125% [1.29%]
California Statewide Cmntys De Rev 5.5% [1.21%]
Golden St Tob Securitization C Tobacc 5% [1.17%]
Tobacco Securitization Auth 5.125% [1.07%]
California Statewide Cmntys De Rev 5.25% [1.06%]
Golden St Tob Securitization C Tobacco S [1.04%]
San Joaquin Hills Calif Transn Sr Lie 5% [0.92%]
Golden St Tob Securitization C Tob 5.75% [0.88%]
Tender Opt Bd Tr Rcpts / Ctfs Ctfs [0.74%]
California Pollution Ctl Fing Wtr Fur 5% [0.74%]

Mar 30, 2016
California Statewide Cmntys De Rev 5.5% [1.26%]
Golden St Tob Securitization C Tobacc 5% [1.16%]
California Statewide Cmntys De Rev 5.25% [1.12%]
Golden St Tob Securitization C To 5.125% [1.12%]
Tobacco Securitization Auth 5.125% [1.09%]
Golden St Tob Securitization C Tobacco S [0.97%]
San Joaquin Hills Calif Transn Sr Lie 5% [0.96%]
Golden St Tob Securitization C Tob 5.75% [0.81%]
Tender Opt Bd Tr Rcpts / Ctfs Ctfs [0.77%]
California Pollution Ctl Fing Wtr Fur 5% [0.77%]

Jan 30, 2016
California Statewide Cmntys De Rev 5.5% [1.37%]
Golden St Tob Securitization C Tobacc 5% [1.31%]
California Statewide Cmntys De Rev 5.25% [1.12%]
Golden St Tob Securitization C To 5.125% [1.11%]
San Joaquin Hills Calif Transn Sr Lie 5% [1.05%]
Tobacco Securitization Auth 5.125% [0.94%]
Golden St Tob Securitization C Tob 5.75% [0.84%]
California Pollution Ctl Fing Wtr Fur 5% [0.84%]
Tender Opt Bd Tr Rcpts / Ctfs Ctfs [0.82%]
California Statewide Cmntys De Childr 5% [0.78%]
Click here for Stock Holding Change Map in Nuveen CA High Yield Municipal Bond I Fund (NCHRX)

  

Latest News on Nuveen CA High Yield Municipal Bond I (NCHRX) Fund

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Nuveen CA High Yield Municipal Bond I Fund (NCHRX) Related ResourcesSee more information on Nuveen CA High Yield Municipal Bond I (NCHRX) Fund

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