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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 July 16, 2024
Market Price $13.12 (+ $0.05)
NAV (July 16, 2024) $13.20 (+ $0.03)
Fund Listed NYSE
Premium / Discount -0.61% (+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
Term Date N/A
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 47,520,333
Total Assets (Reported: June 30, 2024) $1,055M
Estimated Total Assets $1,060M
Net Assets $627M
Market Cap $623M
Portfolio Turnover 6.00%
Total Leverage 40.80%
Structural Leverage (out of total) 92.23%
Portfolio Leverage (out of total) 7.77%
Expense Ratio 3.90%
Non Lev Exp Ratio 1.05%
Rel Lev Cost 4.14%
Discount Data
Average Discount (3 Yr) -8.50%
Discount Low(3 Yr) -16.47%
Discount High(3 Yr) 0.07%
Discount Rel Range (3 Yr) 95.91%
Comp Discount 6.41
Discount St Dev (1Yr) 3.13
Z-Stat (6mo) 2.83
Z-Stat (1Yr) 3.53
Z-Stat (3Yr) 1.77
Comp Z-Stat (6mo) 1.48
Comp Z-Stat (3Yr) 1.53
Distribution Data
Market Yield 6.95%
Income Yield 5.05%
Lev Adj NAV Yield 4.91%
Distribution Frequency M
Current Distribution $0.076
Current Income $0.055
Ex-Date 7/15/24
Payable Date 8/1/24
Div Growth (3yr) 34.51%
Dividend Change 49.0% on 6/3/24
Expected Div 8/1/24
RoC (1yr) 12.43%
RoC (3yr) 4.18%
Tax Dividend Data 2023
Income 0.0%
ST Gains 0%
QDI 0%
LT Gains 0%
RoC 0%
Volume & Liquidity
Average Daily $ (K) $1,352
Avg Volume 30 day 81,778
Avg Volume 90 day 103,059
Volume Trend -20.65%
Comp Volume Trend -16.53%
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 82.0%
NAV - Price Correlation (30 d) 20.9%
NAV - Price Correlation (90 d) 69.5%
NAV - Price Correlation (1 Yr) 81.1%
Price St Dev (1Yr) 12.7%
NAV St Dev (1Yr) 6.6%
Earnings / Share (5/31/24) $0.035
Earn Coverage 46.18%
Earnings Trend Down
UNII / Share (5/31/24) $-0.077
Rel UNII -11.63
UNII Trend Down
Bond Specific Data
Maturity 19.34
Duration 13.28
Credit Rating (rbo) A
Investment Grade 79.60%
Non Investment Grade 4.50%
Unrated Bonds 15.90%
Average Bond Price 92.77
Discount vs Price -7.84
Coupon 4.71%
Zero Coupon 11.70%
AMT 0.00%
AMT Yield 6.95%
Bond Calls Risk 17.20%
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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