Columbia Strategic California Municipal Income Fund Institutional 2 Class (CCAUX)
| Fund Assets | 309.75M |
| Expense Ratio | 0.51% |
| Min. Investment | $2,000 |
| Turnover | 22.00% |
| Dividend (ttm) | 1.01 |
| Dividend Yield | 3.95% |
| Dividend Growth | 2.08% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 25.55 |
| YTD Return | -4.02% |
| 1-Year Return | -3.56% |
| 5-Year Return | -5.16% |
| 52-Week Low | 25.26 |
| 52-Week High | 27.74 |
| Beta (5Y) | n/a |
| Holdings | 159 |
| Inception Date | Mar 1, 2016 |
About CCAUX
Columbia Strategic California Municipal Income Fund Class I2 is a mutual fund designed to generate tax-advantaged income for investors through a diversified portfolio of municipal bonds issued primarily within the state of California. The fund targets investments in investment-grade municipal debt, seeking to provide current income that is generally exempt from both federal and California state personal income taxes. With a significant asset size and a long-term orientation, the fund typically invests in bonds with maturities exceeding 12 years, catering especially to California residents looking to optimize after-tax returns. Operated by seasoned managers, the fund carefully manages credit risk while aiming for consistent yields through monthly distributions. Its expense ratio is notably competitive, reflecting an emphasis on cost efficiency for shareholders. The Columbia Strategic California Municipal Income Fund Class I2 serves a vital role in the fixed-income category, appealing to individuals and institutions seeking stability and tax efficiencies in their portfolios while supporting local infrastructure and public-sector projects.
Performance
CCAUX had a total return of -3.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.26%.
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 |
|---|---|---|
| Jul 31, 2025 | $0.08616 | Jul 31, 2025 |
| Jun 30, 2025 | $0.08421 | Jun 30, 2025 |
| May 30, 2025 | $0.08793 | May 30, 2025 |
| Apr 30, 2025 | $0.08563 | Apr 30, 2025 |
| Mar 31, 2025 | $0.08738 | Mar 31, 2025 |
| Feb 28, 2025 | $0.07961 | Feb 28, 2025 |