Columbia California Itmt Muncpl Bd Inst (NCMAX)
| Fund Assets | 297.39M |
| Expense Ratio | 0.48% |
| Min. Investment | $2,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.81% |
| Dividend Growth | 3.58% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 9.80 |
| YTD Return | 1.42% |
| 1-Year Return | 1.40% |
| 5-Year Return | 3.22% |
| 52-Week Low | 9.45 |
| 52-Week High | 9.90 |
| Beta (5Y) | n/a |
| Holdings | 221 |
| Inception Date | Aug 19, 2002 |
About NCMAX
Columbia California Intermediate Municipal Bond Fund Class I is an actively managed municipal bond mutual fund focused on generating tax-exempt income for California residents while maintaining intermediate interest-rate exposure. The fund primarily invests in investment-grade municipal securities issued by California state and local entities, targeting an intermediate duration profile typically in the 4–6 year range to balance income generation with moderate price sensitivity. It emphasizes current income exempt from U.S. federal and California state personal income taxes, consistent with prudent principal stability. The portfolio spans sectors such as general obligation bonds, essential-service revenue bonds, transportation, education, and healthcare, reflecting the breadth of California’s municipal financing needs. As an institutional share class, it is structured for cost efficiency relative to other classes. The fund’s role in the market is to provide diversified exposure to California’s municipal credit landscape, offering a vehicle for investors seeking tax-advantaged income with intermediate-term risk characteristics and professional credit selection and duration management.
Performance
NCMAX had a total return of 1.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.05%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| SWCAX | Schwab | Schwab CA Tax-Free Bond | 0.38% |
Top 10 Holdings
16.40% of assets| Name | Symbol | Weight |
|---|---|---|
| Southern California Public Power Authority | CA.STNPWR 04.01.2055 | 2.17% |
| LOS ANGELES CALIF DEPARTMENT OF WATER & POWER - Los Angeles Department of Water & Power | CA.LOSUTL 5 07.01.2041 | 2.12% |
| CALIFORNIA (STATE OF) - State of California | CA.CAS 5 12.01.2036 | 1.96% |
| BURBANK GLENDALE PASADENA ARPT AUTH CALIF - Burbank-Glendale-Pasadena Airport Authority Brick Campaign | CA.BURAPT 5.25 07.01.2042 | 1.95% |
| CALIFORNIA (STATE OF) - State of California | CA.CAS 5.25 08.01.2044 | 1.50% |
| California State University | CA.CASHGR 5 11.01.2042 | 1.44% |
| LOS ANGELES CALIF UNI SCH DIST - Los Angeles Unified School District/CA | CA.LOSSCD 5 07.01.2032 | 1.44% |
| FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF - Foothill-Eastern Transportation Corridor Agency | CA.FOOTRN 0 01.15.2033 | 1.31% |
| Southern California Public Power Authority | CA.STNPWR 5 07.01.2041 | 1.26% |
| LOS ANGELES CALIF DEPARTMENT OF WATER & POWER - Los Angeles Department of Water & Power | CA.LOSUTL 5 07.01.2029 | 1.26% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.02349 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0242 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02435 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0228 | Jun 30, 2025 |
| May 30, 2025 | $0.02386 | May 30, 2025 |
| Apr 30, 2025 | $0.0227 | Apr 30, 2025 |