NCHRX Fees and Costs — Nuveen California High Yield Municipal Bond Fund, Class I
Data updated: 2026-07-24
The net expense ratio is 1.47%. There are no sales loads or redemption fees. Portfolio turnover was 16%.
NCHRX Fees and Expenses
Annual operating expenses and sales charges of NCHRX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.47% |
| Fee waiver | — |
| Net expense ratio | 1.47% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
NCHRX Costs Over Time
On $10,000 invested in NCHRX, assuming 5% a year before costs, total costs come to $911 over 5 years, cutting the return by 1.54% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.47%) | $154 | $479 | $827 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $154 | $503 | $911 |
| Value after costs | $10,346 | $11,073 | $11,852 |
| Impact on return, per year | 1.54% | 1.54% | 1.54% |
NCHRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $578.2M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
NCHRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $130.2M | 25.92% |
| BNY Mellon Capital Markets, LLC | $83.9M | 16.70% |
| Morgan Stanley | $55.1M | 10.97% |
| Stifel Nicolaus & Company Incorporated | $49.9M | 9.92% |
| Bank of America, National Association | $49.2M | 9.79% |
| Piper Sandler & Co. | $34.4M | 6.84% |
| JPMorgan Securities LLC | $32.3M | 6.44% |
| Goldman Sachs & Co. LLC | $27.5M | 5.48% |
| Hilltop Securities Inc. | $24.8M | 4.94% |
| Wells Fargo Securities, LLC | $15.2M | 3.02% |
Nuveen California High Yield Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NCHRX | Class I | 1.47% | none |
| NCHAX | Class A | 1.67% | 4.20% |
| NAWSX | Class C | 2.47% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.