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Nuveen CA Municipal Bond I (NCSPX) Fund Ranking and Research

Ranking, Research and Recommendation of Nuveen CA Municipal Bond I (NCSPX) Fund

    Last Trade: $11.23 on 7/25/2017, Change: -0.02 (-0.18%)

 

Graph of Nuveen CA Municipal Bond I Fund (NCSPX) ManagerFund Manager - Scott R. Romans

Fund Manager Information

Fund Manager Tenure: 14.5 years
Fund Family: Nuveen
Fund Category: Muni California Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A+ (Score: 0.8)     (What does this score mean?)
Mr. Romans has been the portfolio manager of several Nuveen funds since 2003. Currently he manages 29 Nuveen-sponsored investment companies. He has been Vice President of NAM since 2004, Portfolio Manager since 2003, and was, formerly, Assistant Vice President (2003-2004) and Senior Analyst (2000-2003).  Get more insights on Scott R. Romans

 

Graph of Nuveen CA Municipal Bond I Fund (NCSPX) ProfileNuveen CA Municipal Bond I Fund (NCSPX) Profile

Fund Profile and Description

Nuveen CA Municipal Bond I Fund seeks a high level of current interest income exempt from regular federal, state and, in some cases, local income taxes as is consistent with preservation of capital. Nuveen CA Municipal Bond I Fund normally invests at least 80% of net assets in municipal bonds that is exempt from regular federal and California personal income tax. It invests at least 80% of net assets in investment grade municipal bonds rated BBB/Baa or higher. Nuveen CA Municipal Bond I Fund can invest up to 20% of net assets “junk” bonds. It invests 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 Municipal Bond I (NCSPX) Fund Strength What we like about Nuveen CA Municipal Bond I (NCSPX) Fund

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

  • Nuveen CA Municipal Bond I Fund (NCSPX) management has been with Nuveen CA Municipal Bond I Fund for 14.5 years
  • Nuveen CA Municipal Bond I Fund (NCSPX) has good short-term performance (1-year return 8.39% vs 6.63% Muni California Long category median performance)
  • Nuveen CA Municipal Bond I Fund (NCSPX) has good mid-term performance (3-year return 6.23% vs 4.68% Muni California Long category median performance)
  • Nuveen CA Municipal Bond I Fund (NCSPX) has good Long-term performance (5-year return 8.01% vs 6.44% Muni California Long category median performance)
  • Nuveen CA Municipal Bond I Fund (NCSPX) ratio of up-years vs down years is greater than 2
  • Nuveen CA Municipal Bond I Fund (NCSPX) has a Morningstar rating of 4 and above
  • Asset base in Nuveen CA Municipal Bond I Fund (NCSPX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Nuveen CA Municipal Bond I Fund (NCSPX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.03, lower than category average of 4.35
  • Nuveen CA Municipal Bond I Fund (NCSPX) has a lower expense ratio than its Muni California Long average: 0.56% vs 0.88%
  • Nuveen CA Municipal Bond I Fund (NCSPX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Nuveen CA Municipal Bond I Fund (NCSPX) Weakness What we are cautious about Nuveen CA Municipal Bond I (NCSPX) Fund

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

  • Nuveen CA Municipal Bond I Fund (NCSPX) has an annual stock turnover rate of 22.00% that is higher than the Muni California Long average of 19.12%. This could mean Nuveen CA Municipal Bond I is more nimble, but also signal potential high tax impact and high trading fees
See Nuveen CA Municipal Bond I Fund (NCSPX) performance details as of May 30, 2016

 

What do you think?

 

Compare Nuveen CA Municipal Bond I Fund (NCSPX)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 Municipal Bond I3.698.396.238.01
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 Municipal Bond I Fund (NCSPX)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 Municipal Bond I Fund (NCSPX) Net Asset TrackingNuveen CA Municipal Bond I (NCSPX) Fund Net Asset

Track net asset change of Nuveen CA Municipal Bond I fund (NCSPX)

DateNet Asset
05/2016$1.21B
03/2016$1.16B
02/2016$1.12B
More historic net asset information on Nuveen CA Municipal Bond I Fund (NCSPX)

  

Graph of Nuveen CA Municipal Bond I Fund (NCSPX) Portfolio TrackingNuveen CA Municipal Bond I (NCSPX) Fund Portfolio Allocation

Track portfolio allocation change of Nuveen CA Municipal Bond I fund (NCSPX)

DateCashStockBondOther
04/20162.58%0%97.42%0%
03/20163.1%0%96.9%0%
01/20162.02%0%97.29%0.69%
Click here to see more historic asset allocation information on Nuveen CA Municipal Bond I Fund (NCSPX)

 

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

Discover what Nuveen CA Municipal Bond I Fund (NCSPX) manager is buying

Apr 29, 2016
Los Angeles Calif Cmnty Colleg Go Bds 5% [3.56%]
Golden St Tob Securitization C Enh 0.01% [3.46%]
Golden St Tob Securitization C Tobacc 5% [2.91%]
California St For Previous Iss Tax 0.07% [2.88%]
California St For Previous Iss Var Pu 5% [1.52%]
Los Angeles Calif Uni Sch Dist 5% [1.34%]
California Infrasct & Ec Rev Bds 4% [1.11%]
Westminster Calif Redev Agy Ta Tax 6.25% [1.05%]
Los Angeles Calif Wastewater S Rev Bd 5% [1%]
California St Various P 5.5% [0.98%]

Mar 30, 2016
Los Angeles Calif Cmnty Colleg Go Bds 5% [3.63%]
Golden St Tob Securitization C Enh 0.01% [3.51%]
Golden St Tob Securitization C Tobacc 5% [2.94%]
California St For Previous Iss Tax 0.07% [2.93%]
California St For Previous Iss Var Pu 5% [1.53%]
Los Angeles Calif Uni Sch Dist 5% [1.36%]
California Infrasct & Ec Rev Bds 4% [1.14%]
Westminster Calif Redev Agy Ta Tax 6.25% [1.07%]
Los Angeles Calif Wastewater S Rev Bd 5% [1.02%]
California St Various P 5.5% [1%]

Jan 30, 2016
Los Angeles Calif Cmnty Colleg Go Bds 5% [3.76%]
Golden St Tob Securitization C Enh 0.01% [3.74%]
Golden St Tob Securitization C Tobacc 5% [3.01%]
California St For Previous Iss Var Pu 5% [1.66%]
Westminster Calif Redev Agy Ta Tax 6.25% [1.17%]
California St For Previous Iss Tax 0.07% [1.15%]
Los Angeles Calif Wastewater S Rev Bd 5% [1.1%]
California St For Previous Iss Go Bds 5% [1.08%]
California St Various P 5.5% [1.08%]
Click here for Stock Holding Change Map in Nuveen CA Municipal Bond I Fund (NCSPX)

  

Latest News on Nuveen CA Municipal Bond I (NCSPX) Fund

See what is happening with Nuveen CA Municipal Bond I Fund (NCSPX)

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Nuveen CA Municipal Bond I Fund (NCSPX) Related ResourcesSee more information on Nuveen CA Municipal Bond I (NCSPX) Fund

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