Columbia California Itmt Muncpl Bd Inst (NCMAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.80
0.00 (0.00%)
Sep 12, 2025, 4:00 PM EDT
Fund Assets293.08M
Expense Ratio0.48%
Min. Investment$2,000
Turnover16.00%
Dividend (ttm)0.28
Dividend Yield2.82%
Dividend Growth4.19%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close9.80
YTD Return1.21%
1-Year Return1.02%
5-Year Return2.81%
52-Week Low9.45
52-Week High9.93
Beta (5Y)n/a
Holdings222
Inception DateAug 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.

Fund Family Columbia Threadneedle
Category Muni California Intermediate
Stock Exchange NASDAQ
Ticker Symbol NCMAX
Share Class Institutional Class
Index Index is not available on Lipper Database

Performance

NCMAX had a total return of 1.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.06%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
SWCAXSchwabSchwab CA Tax-Free Bond0.38%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
CCBYXInstitutional 3 Class0.42%
CNBRXInstitutional 2 Class0.47%
NACMXClass A0.73%
CCMRXAdvisor Class0.48%

Top 10 Holdings

16.38% of assets
NameSymbolWeight
SOUTHERN CALIF PUB PWR AUTH REV 5%n/a2.17%
LOS ANGELES CALIF DEPT WTR & PWR REV 5%n/a2.15%
BURBANK GLENDALE PASADENA ARPT AUTH CALIF ARPT REV 5.25%CA.BURAPT 5.25 07.01.20421.96%
CALIFORNIA ST PUB WKS BRD LEASE REV 5%n/a1.86%
CALIFORNIA ST 5.25%CA.CAS 5.25 08.01.20441.51%
CALIFORNIA ST UNIV REV 5%n/a1.47%
LOS ANGELES CALIF UNI SCH DIST 5%n/a1.44%
FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 0%CA.FOOTRN 0 01.15.20331.28%
SOUTHERN CALIF PUB PWR AUTH SOUTHN TRANSMISSION SYS RENEWAL PROJ REV 5%n/a1.28%
LOS ANGELES CALIF DEPT WTR & PWR REV 5%n/a1.26%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 29, 2025$0.0242Aug 29, 2025
Jul 31, 2025$0.02435Jul 31, 2025
Jun 30, 2025$0.0228Jun 30, 2025
May 30, 2025$0.02386May 30, 2025
Apr 30, 2025$0.0227Apr 30, 2025
Mar 31, 2025$0.02365Mar 31, 2025
Full Dividend History