NCA CEF — Nuveen California Municipal Value Fund

Nuveen California Municipal Value Fund (NCA)

NCA is a CEF. its distribution rate is 4.17%, its trailing-12-month yield is 4.11%, its expense ratio is 0.55%. Dividend Vision Distribution Safety Score™ is 98/100 (Safe). Its deepest 1-year drawdown was 10.3%.

At the current 4.17% distribution rate, a $10,000 investment would generate approximately $417 per year, or $34.75 per month.

Nuveen California Municipal Value Fund is a closed-end fund that invests primarily in investment-grade California municipal bonds to provide income exempt from federal and California personal income taxes. The fund distributes income monthly at a current rate in the mid-single-digit range and carries no published expense ratio. It appeals to investors in high tax brackets seeking tax-efficient municipal bond income in California.

NCA performance

Its deepest 1-year drawdown was 10.3%.

NCA key facts

Distribution Safety Score™

98 · Safe

Safety-Adjusted Yield

4.09%

Issuer

Nuveen

Asset type

CEF

Asset class

Fixed Income

Inception date

10/07/1987

Expense ratio

0.55%

Distribution rate

4.17%

Distribution frequency

Monthly

Trailing yield

4.11%

5-year average yield

3.66

Last close

$8.63 (as of 2026-09-18)

NAV

$8.88

Premium / discount

2.82% discount

Market cap

$286,836,416

Average volume

76900.0

Next dividend

$0.03

Last ex-dividend date

09/15/2026

Next payment date

10/01/2026

Beta

0.386

How Dividend Vision calculates yield and returns

Distribution rate (4.17%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.11%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Nuveen or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NCA risks and drawbacks

The deepest 1-year drawdown on record here is 10.3%.

Who may consider NCA — and who may not

NCA may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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