Columbia California Itmt Muncpl Bd Inst (NCMAX)
| Fund Assets | 289.41M |
| Expense Ratio | 0.48% |
| Min. Investment | $2,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.84% |
| Dividend Growth | 5.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.98 |
| YTD Return | 1.58% |
| 1-Year Return | 5.71% |
| 5-Year Return | 5.32% |
| 52-Week Low | 9.22 |
| 52-Week High | 9.99 |
| Beta (5Y) | n/a |
| Holdings | 212 |
| 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 5.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.54%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| SWCAX | Schwab | Schwab California Tax-Free Bond Fund™ | 0.38% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02514 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02493 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02358 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02473 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02349 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0242 | Aug 29, 2025 |