Columbia Strategic California Municipal Income Fund Institutional Class (CCAZX)
| Fund Assets | 309.75M |
| Expense Ratio | 0.54% |
| Min. Investment | $2,000 |
| Turnover | 22.00% |
| Dividend (ttm) | 1.00 |
| Dividend Yield | 3.94% |
| Dividend Growth | 1.68% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 25.41 |
| YTD Return | -4.24% |
| 1-Year Return | -2.86% |
| 5-Year Return | -4.56% |
| 52-Week Low | 25.22 |
| 52-Week High | 27.69 |
| Beta (5Y) | n/a |
| Holdings | 159 |
| Inception Date | Sep 19, 2005 |
About CCAZX
Columbia Strategic California Municipal Income Fund Institutional Class is a fixed income mutual fund designed to provide investors with access to a diversified portfolio of California municipal securities. The fund’s primary function is to seek total return through current income that is typically exempt from both federal and California state income taxes, making it particularly attractive to California residents. It pursues capital preservation and appreciation by focusing on investment-grade municipal bonds, which are issued by local governments and agencies across the state for public projects, infrastructure, and essential services. Notable features include the fund’s emphasis on long-term municipal debt, its low expense ratio, and its monthly dividend distribution, offering consistent income potential. The fund plays a significant role in the municipal bond market by providing liquidity and supporting state and local government initiatives while offering investors a tax-efficient vehicle for stable, long-term returns.
Performance
CCAZX had a total return of -2.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.13%.
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 | $0.0835 | Jun 30, 2025 |
| May 30, 2025 | $0.08726 | May 30, 2025 |
| Apr 30, 2025 | $0.08484 | Apr 30, 2025 |
| Mar 31, 2025 | $0.08663 | Mar 31, 2025 |
| Feb 28, 2025 | $0.07897 | Feb 28, 2025 |
| Jan 31, 2025 | $0.08515 | Jan 31, 2025 |