CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Nuveen California AMT-Free Quality Municipal Income Fund (NKX)

Single State Muni Bond Funds - California (CA) Municipal Bond

Data as of Dec. 14, 2018
Market Price $12.75 (- $0.10)
NAV (Dec. 14, 2018) $14.90 (+ $0.01)
Premium / Discount -14.43% (-0.73%)
Fund Info
Inception Nov. 22, 2002
Sponsor Nuveen Fund Advisors
Website www.nuveen.com/CEF/Pro...
Phone 800-257-8787
Objective: Current income exempt from regular federal income tax, California income tax and MAT; investment grade municipal securities
Related Indexes
California Municipal Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 47,580,334
Total Assets (Reported: Nov. 30, 2018) $1,177M
Estimated Total Assets $1,121M
Net Assets $709M
Market Cap $607M
Purchases Turnover 16.49%
Sales Turnover 14.09%
Total Leverage 40.02%
Structural Leverage (out of total) 91.78%
Portfolio Leverage (out of total) 8.22%
Expense Ratio 2.36%
Non Lev Exp Ratio 1.02%
Rel Lev Cost 2.01%
Discount Data
Average Discount (3 Yr) -5.12%
Discount Low(3 Yr) -15.81%
Discount High(3 Yr) 2.91%
Discount Rel Range 7.38%
Comp Discount -5.57
Discount St Dev (1Yr) 3.34
Z-Stat (6mo) -0.99
Z-Stat (1Yr) -1.05
Z-Stat (3Yr) -1.88
Comp Z-Stat (6mo) -0.31
Comp Z-Stat (3Yr) -0.62
Distribution Data
Market Yield 4.85%
Income Yield 4.85%
Lev Adj NAV Yield 2.96%
Distribution Frequency M
Current Distribution $0.052
Current Income $0.052
Ex-Date 12/13/18
Payable Date 12/31/18
Div Growth (3yr) -28.47%
Dividend Change -8.0% on 9/4/18
Expected Div 1/2/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $1,980
Avg Volume 30 day 138,899
Avg Volume 90 day 155,330
Volume Trend -10.58%
Comp Volume Trend -9.92%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's California Municipal Index
Most Correlated Peer (Mk Pr): MCA 90.0%
NAV - Price Correlation (30 d) 65.5%
NAV - Price Correlation (90 d) 70.0%
NAV - Price Correlation (1 Yr) 92.8%
Price St Dev (1Yr) 6.8%
NAV St Dev (1Yr) 3.5%
Earnings / Share (10/31/18) $0.053
Earn Coverage 102.91%
Earnings Trend Down
UNII / Share (10/31/18) $-0.051
Rel UNII -8.30
UNII Trend Down
Bond Specific Data
Maturity 22.44
Duration 9.19
Credit Rating (rbo) AA
Investment Grade 87.70%
Non Investment Grade 5.80%
Unrated Bonds 6.50%
Average Bond Price 98.05
Discount vs Price -16.38
Coupon 5.19%
Zero Coupon 10.19%
AMT 0.00%
AMT Yield 4.85%
Bond Calls Risk 11.80%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's California Municipal Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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