Columbia Strategic California Municipal Income Fund Class C (CCAOX)
| Fund Assets | 309.75M |
| Expense Ratio | 1.24% |
| Min. Investment | $2,000 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.82 |
| Dividend Yield | 3.20% |
| Dividend Growth | 1.57% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 25.43 |
| YTD Return | -4.08% |
| 1-Year Return | -3.00% |
| 5-Year Return | -7.43% |
| 52-Week Low | 25.21 |
| 52-Week High | 27.68 |
| Beta (5Y) | 0.34 |
| Holdings | 159 |
| Inception Date | Aug 1, 1997 |
About CCAOX
Columbia Strategic California Municipal Income Fund Class C is a municipal bond mutual fund designed to offer investors a consistent stream of income that is generally exempt from both federal and California state income taxes. Managed by Columbia Management Advisors, Inc. since its inception in 1997, the fund primarily invests at least 80% of its assets in investment-grade municipal bonds issued by California state and local governments or related agencies. It may allocate up to 25% of its assets to lower-rated debt, providing diversification across credit qualities. With a focus on long-term tax-exempt income and capital preservation, the fund caters especially to California residents seeking to minimize their tax liabilities through municipal securities. Dividends are declared daily and distributed monthly, while capital gains distributions occur annually. Falling in the "Muni California Long" category, the fund typically maintains a portfolio with longer-duration bonds, making it sensitive to interest rate fluctuations but suitable for investors with a long-term investment horizon. The fund plays a significant role in the market by channeling capital into California’s public infrastructure and community projects, influencing economic development at both local and state levels.
Performance
CCAOX had a total return of -3.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.07%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VCITX | Vanguard | Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 0.14% |
Top 10 Holdings
15.90% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV - California Community Choice Financing Authority | CA.CCEDEV 02.01.2054 | 2.35% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 0 07.01.2046 | 1.91% |
| Metropolitan Water District of Southern California | CA.METWTR 5 04.01.2053 | 1.69% |
| INLAND VY DEV AGY CALIF - Inland Valley Development Agency | CA.INLDEV 5 09.01.2044 | 1.62% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 5 07.01.2058 | 1.53% |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH - California Statewide Communities Development Authority | CA.CASGEN 4 03.01.2042 | 1.48% |
| CALIFORNIA CNTY CALIF TOB SEC - California County Tobacco Securitization Agency | CA.CASGEN 0 06.01.2055 | 1.38% |
| MANTECA CALIF UNI SCH DIST - Manteca Unified School District | CA.MANSCD 0 08.01.2032 | 1.35% |
| SAN DIEGO CALIF UNI SCH DIST - San Diego Unified School District/CA | CA.SDGSCD 3.25 07.01.2048 | 1.30% |
| CALIFORNIA HEALTH FACS FING AUTH - California Health Facilities Financing Authority | CA.CASMED 5 02.01.2047 | 1.29% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.06864 | Jun 30, 2025 |
| May 30, 2025 | $0.07181 | May 30, 2025 |
| Apr 30, 2025 | $0.06979 | Apr 30, 2025 |
| Mar 31, 2025 | $0.07068 | Mar 31, 2025 |
| Feb 28, 2025 | $0.06447 | Feb 28, 2025 |
| Jan 31, 2025 | $0.06919 | Jan 31, 2025 |