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Nuveen CA Dividend Advantage Muni Fund 2 (Nuveen CA Dividend Advantage Muni Fund 2) Scaled Net Operating Assets : 0.74 (As of Aug. 2016)


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What is Nuveen CA Dividend Advantage Muni Fund 2 Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nuveen CA Dividend Advantage Muni Fund 2's operating assets for the quarter that ended in Aug. 2016 was $348.01 Mil. Nuveen CA Dividend Advantage Muni Fund 2's operating liabilities for the quarter that ended in Aug. 2016 was $99.50 Mil. Nuveen CA Dividend Advantage Muni Fund 2's Total Assets for the quarter that ended in Feb. 2016 was $337.31 Mil. Therefore, Nuveen CA Dividend Advantage Muni Fund 2's scaled net operating assets (SNOA) for the quarter that ended in Aug. 2016 was 0.74.

Nuveen CA Dividend Advantage Muni Fund 2 Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nuveen CA Dividend Advantage Muni Fund 2's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2016 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2016 )
=(Operating Assets (A: Feb. 2016 )-Operating Liabilities (A: Feb. 2016 ))/Total Assets (A: Feb. 2015 )
=(336.762-100.216)/333.71
=0.71

where

Operating Assets(A: Feb. 2016 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=337.314 - 0.552
=336.762

Operating Liabilities(A: Feb. 2016 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=100.216 - 0 - 0
=100.216

Nuveen CA Dividend Advantage Muni Fund 2's Scaled Net Operating Assets (SNOA) for the quarter that ended in Aug. 2016 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Aug. 2016 )
=(Operating Assets (Q: Aug. 2016 )-Operating Liabilities (Q: Aug. 2016 ))/Total Assets (Q: Feb. 2016 )
=(348.005-99.498)/337.314
=0.74

where

Operating Assets(Q: Aug. 2016 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=348.005 - 0
=348.005

Operating Liabilities(Q: Aug. 2016 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=101.463 - 1.965 - 0
=99.498

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nuveen CA Dividend Advantage Muni Fund 2 (Nuveen CA Dividend Advantage Muni Fund 2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen CA Dividend Advantage Muni Fund 2 (AMEX:NVX) » Definitions » Scaled Net Operating Assets
Comparable Companies
LSE:GHE WINS CAI:CCAP.CA XPAR:NEXTS HKSE:00129 OHEL:TAALA TSX:FTN OSTO:CAT A TCRD ASX:PAC IST:VERUS XKRX:001510 SFE XTAE:GNRS MIL:NBA OSTO:MCAP OSTO:VEMF SDB OCSI SAR LSE:CBP
Traded in Other Exchanges
N/A
Address
Website
https://www.nuveen.com
Nuveen CA Dividend Advantage Muni Fund 2 is a closed-end investment company. The Fund's investment objective is to provide an attractive level of total return, primarily through long-term capital appreciation and secondarily through income and gains.
Executives
Christopher M. Rohrbacher officer: Vice President 333 W. WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Albin F Moschner other: Trustee C/O LURIO & ASSOCIATES, P.C., 2005 MARKET STREET, SUITE 3120, PHILADELPHIA PA 19103
Nathaniel T. Jones officer: Vice President and Treasurer C/O NUVEEN 333 W. WACKER DRIVE, STE 3400, CHICAGO IL 60606
Margaret L. Wolff other: Trustee C/O NUVEEN 333 W. WACKER DR., STE 3400, CHICAGO IL 60606
Citigroup Inc 10 percent owner 388 GREENWICH STREET, NEW YORK NY 10013
Sherri A Hlavacek officer: Vice President and Treasurer 333 WEST WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
David J Lamb officer: Vice President 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Schreier Thomas S Jr other: Trustee C/O NORTHWEST AIRLINES, 1689 NONCONNAN BLVD, MEMPHIS TN 38132
John Kevin Nelson other: Trustee C/O NUVEEN INVESTMENTS, 333 W. WACKER DR, STE 3400, CHICAGO IL 60606
Joel T. Slager officer: Vice President C/O NUVEEN INVESTMENTS, 333 W. WACKER DR, STE 3400, CHICAGO IL 60606
Steven M. Hlavin other: Portfolio Manager 333 W. WACKER DRIVE, SUITE 2900, CHICAGO IL 60606
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036
Bank Of America Na 10 percent owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Christopher L Drahn other: Portfolio Manager 800 NICOLLET MALL, MAIL STOP BC-MN-H21C, MINNEAPOLIS MN 55402