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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 March 24, 2023
Market Price $11.47 (+ $0.05)
NAV (March 24, 2023) $13.24 (+ $0.08)
Fund Listed NYSE
Premium / Discount -13.37% (-0.15%)
Fund Info
Inception Nov. 22, 2002
Sponsor Nuveen Fund Advisors
Website https://www.nuveen.com...
Phone 800-257-8787
Location Illinois
Incorporated Massachusetts
Staggered Board Yes
Objective: Current income exempt from regular federal income tax, California income tax and MAT; investment grade municipal securities
Related Indexes
California Municipal Index
Capital & Leverage
Outstanding Shares 47,520,334
Total Assets (Reported: Jan. 30, 2023) $1,077M
Estimated Total Assets $1,048M
Net Assets $629M
Market Cap $545M
Portfolio Turnover 25.00%
Total Leverage 39.96%
Structural Leverage (out of total) 92.22%
Portfolio Leverage (out of total) 7.78%
Expense Ratio 2.56%
Non Lev Exp Ratio 1.03%
Rel Lev Cost 2.30%
Discount Data
Average Discount (3 Yr) -6.73%
Discount Low(3 Yr) -15.07%
Discount High(3 Yr) 0.07%
Discount Rel Range (3 Yr) 11.26%
Comp Discount -2.37
Discount St Dev (1Yr) 3.32
Z-Stat (6mo) -2.20
Z-Stat (1Yr) -2.04
Z-Stat (3Yr) -2.20
Comp Z-Stat (6mo) -1.24
Comp Z-Stat (3Yr) -0.47
Distribution Data
Market Yield 4.34%
Income Yield 4.34%
Lev Adj NAV Yield 2.69%
Distribution Frequency M
Current Distribution $0.042
Current Income $0.042
Ex-Date 3/14/23
Payable Date 4/3/23
Div Growth (3yr) -19.42%
Dividend Change -11.7% on 1/3/23
Expected Div 4/3/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $1,136
Avg Volume 30 day 91,340
Avg Volume 90 day 99,061
Volume Trend -7.79%
Comp Volume Trend 9.98%
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): NAC 83.0%
NAV - Price Correlation (30 d) -46.9%
NAV - Price Correlation (90 d) 67.9%
NAV - Price Correlation (1 Yr) 88.1%
Price St Dev (1Yr) 16.3%
NAV St Dev (1Yr) 8.1%
Earnings / Share (2/28/23) $0.042
Earn Coverage 100.24%
Earnings Trend Down
UNII / Share (2/28/23) $0.002
Rel UNII 0.30
UNII Trend Down
Bond Specific Data
Maturity 18.71
Duration 13.77
Credit Rating (rbo) AA
Investment Grade 79.10%
Non Investment Grade 3.60%
Unrated Bonds 17.30%
Average Bond Price 96.55
Discount vs Price -16.82
Coupon 4.88%
Zero Coupon 11.30%
AMT 0.00%
AMT Yield 4.34%
Bond Calls Risk 15.00%
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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