About CCBYX
Columbia California Intermediate Municipal Bond Fund Class Institutional 3 is a municipal bond mutual fund focused on generating tax-exempt income for California investors. The fund primarily invests in investment-grade municipal securities whose interest is exempt from U.S. federal income tax and California individual income tax, seeking current income with moderate principal fluctuation. It targets the intermediate segment of the muni market, generally reflected by portfolio durations of roughly four to six years, aligning interest-rate sensitivity with a balance of income and stability. The strategy emphasizes credit quality and diversification across California issuers, including state and local governments and agencies financing essential public projects such as infrastructure, education, and transportation. Positioned within the Muni California Intermediate category, it serves as a core tax-efficient fixed income allocation for investors subject to California taxes, aiming to enhance after-tax income while maintaining a disciplined risk profile. The fund’s profile and performance are tracked by major data platforms, underscoring its role as a specialized tool for managing state-specific tax considerations within a diversified fixed income portfolio.
Fund Family Columbia Threadneedle
Category Muni California Intermediate
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol CCBYX
Share Class Institutional 3 Class
Index Index is not available on Lipper Database
CCBYX had a total return of -1.39% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.73%.
