Old Westbury California Municipal Bond Fund (OWCAX)
| Fund Assets | 352.71M |
| Expense Ratio | 0.58% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.54% |
| Dividend Growth | 0.99% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 18, 2025 |
| Previous Close | 9.97 |
| YTD Return | 1.63% |
| 1-Year Return | 5.94% |
| 5-Year Return | 5.06% |
| 52-Week Low | 9.22 |
| 52-Week High | 9.98 |
| Beta (5Y) | 0.18 |
| Holdings | 109 |
| Inception Date | Dec 3, 2018 |
About OWCAX
Old Westbury California Municipal Bond Fund is an open‑end mutual fund focused on tax‑exempt fixed income issued within California. Its primary objective is to generate income that is exempt from U.S. federal and California state income taxes by investing predominantly in investment‑grade municipal securities, with a policy to keep at least 80% of net assets in tax‑advantaged holdings specific to the state. The strategy spans essential‑service revenue bonds and general obligation debt across sectors such as water and wastewater utilities, transportation infrastructure, education, and healthcare authorities, reflecting the financing needs of major California municipalities and state agencies. The portfolio is non‑diversified and may also allocate to related instruments such as U.S. Treasury securities, taxable municipal bonds, ETFs, and securities subject to the federal alternative minimum tax as part of its liquidity and risk management toolkit. The fund aims to provide a steady income profile with bond‑centric exposure, offering investors targeted participation in California’s municipal market and its broad base of public‑purpose projects while maintaining an emphasis on quality and intermediate‑term risk characteristics.
Performance
OWCAX had a total return of 5.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.98%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2025 | $0.06499 | Dec 19, 2025 |
| Sep 11, 2025 | $0.062 | Sep 12, 2025 |
| Jun 12, 2025 | $0.064 | Jun 13, 2025 |
| Mar 13, 2025 | $0.063 | Mar 14, 2025 |
| Dec 19, 2024 | $0.06649 | Dec 20, 2024 |
| Sep 12, 2024 | $0.064 | Sep 13, 2024 |