Nuveen California Municipal Value Fund

Frequently Asked Questions About NCA

What does NCA invest in?

The Nuveen California Municipal Value Fund (NCA) is a closed-end investment vehicle, established by Nuveen Investments, Inc., which began operations on October 7, 1987, and is domiciled in the United States. Management responsibilities are jointly shared by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund's core objective is to invest in California's fixed income markets, primarily targeting municipal securities rated Baa/BBB or higher. A significant draw for investors is the income generated from these holdings, which is designed to be exempt from both federal and California state income taxes. Its portfolio is meticulously constructed using a fundamental analysis approach combined with bottom-up security selection. To gauge its performance, the fund compares its results against the S&P California Municipal Bond Index and the S&P National Municipal Bond Index.

What is the expense ratio of NCA?

Nuveen California Municipal Value Fund (NCA) charges an expense ratio of 0.54%. This is the annual fee deducted from fund assets to cover management and operations.

What is NCA's dividend yield?

NCA's trailing-twelve-month yield is 3.89%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NCA?

Effective duration measures NCA's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NCA's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NCA?

NCA's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NCA?

Yield to maturity (YTM) is the total return you'd earn from NCA if every bond in the portfolio is held to maturity at the current price. NCA's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.