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Nuveen California Quality Municipal Income Fund (NAC)

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

Data as of Sept. 29, 2023
Market Price $9.65 (- $0.01)
NAV (Sept. 29, 2023) $11.63 (+ $0.06)
Fund Listed NYSE
Premium / Discount -17.02% (-0.52%)
Fund Info
Inception May 26, 1999
Sponsor Nuveen Fund Advisors
Phone 800-257-8787
Location Illinois
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: Current income exempt from regular federal income taxes and California personal income tax; investment grade municipal securities
Related Indexes
15 Major CEF Sectors Index
California Municipal Index
Capital & Leverage
Outstanding Shares 144,735,058
Total Assets (Reported: Aug. 30, 2023) $3,009M
Estimated Total Assets $2,843M
Net Assets $1,683M
Market Cap $1,397M
Portfolio Turnover 69.00%
Total Leverage 40.80%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.65%
Non Lev Exp Ratio 0.99%
Rel Lev Cost 3.86%
Discount Data
Average Discount (3 Yr) -8.81%
Discount Low(3 Yr) -16.92%
Discount High(3 Yr) -0.68%
Discount Rel Range (3 Yr) 2.55%
Comp Discount -3.92
Discount St Dev (1Yr) 1.78
Z-Stat (6mo) -2.13
Z-Stat (1Yr) -1.59
Z-Stat (3Yr) -1.86
Comp Z-Stat (6mo) -0.55
Comp Z-Stat (3Yr) -0.27
Distribution Data
Market Yield 4.48%
Income Yield 4.48%
Lev Adj NAV Yield 2.64%
Distribution Frequency M
Current Distribution $0.036
Current Income $0.036
Ex-Date 9/14/23
Payable Date 10/2/23
Div Growth (3yr) -30.77%
Dividend Change -19.1% on 1/3/23
Expected Div 10/2/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $2,919
Avg Volume 30 day 343,911
Avg Volume 90 day 302,465
Volume Trend 13.70%
Comp Volume Trend -8.06%
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): MUC 87.0%
NAV - Price Correlation (30 d) 97.7%
NAV - Price Correlation (90 d) 97.4%
NAV - Price Correlation (1 Yr) 79.5%
Price St Dev (1Yr) 11.8%
NAV St Dev (1Yr) 7.1%
Earnings / Share (8/31/23) $0.035
Earn Coverage 96.94%
Earnings Trend Down
UNII / Share (8/31/23) $-0.010
Rel UNII -2.22
UNII Trend Up
Bond Specific Data
Maturity 19.51
Duration 14.15
Credit Rating (rbo) AA
Investment Grade 81.70%
Non Investment Grade 3.10%
Unrated Bonds 15.30%
Average Bond Price 94.90
Discount vs Price -22.12
Coupon 4.77%
Zero Coupon 7.30%
AMT 13.09%
AMT Yield 4.31%
Bond Calls Risk 15.80%
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 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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