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CALIFORNIA INTERMEDIATE-TERM TAX-FREE BOND FUND
mutual fund
BCIAX
Payout Change
Pending
Price as of:
$11.15
+0.02
+0.18%
primary theme
Municipal Bond
share class
BCIAX (Mutual Fund)
CALIFORNIA INTERMEDIATE-TERM TAX-FREE BOND FUND
Payout Change
Pending
Price as of:
$11.15
+0.02
+0.18%
primary theme
Municipal Bond
share class
BCIAX (Mutual Fund)
CALIFORNIA INTERMEDIATE-TERM TAX-FREE BOND FUND
Payout Change
Pending
Price as of:
$11.15
+0.02
+0.18%
primary theme
Municipal Bond
share class
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.2%
1 yr return
1.4%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
0.4%
Net Assets
$2 B
Holdings in Top 10
7.4%
52 WEEK LOW AND HIGH
$11.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.72%
SALES FEES
Front Load 4.50%
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BCIAX - Profile
Distributions
- YTD Total Return 1.2%
- 3 Yr Annualized Total Return -0.6%
- 5 Yr Annualized Total Return 0.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.85%
- Dividend Yield 2.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameCALIFORNIA INTERMEDIATE-TERM TAX-FREE BOND FUND
-
Fund Family NameAmerican Century Investments
-
Inception DateMar 01, 2010
-
Shares Outstanding1772684
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAlan Kruss
Fund Description
The portfolio managers primarily buy investment-grade debt securities and, under normal market conditions, will invest at least 80% of the fund’s net assets in debt securities that have interest payments exempt from federal and California income taxes. Cities, counties and other municipalities in California and U.S. territories, such as Puerto Rico, issue these securities.
The fund’s weighted average maturity will be not less than three years nor more than ten years. However, there is no maturity limit on individual securities.
Although the fund invests primarily in investment-grade securities, up to 20% of the value of the fund’s net assets may be invested in below investment-grade securities, also known as junk bonds. The fund also may invest in securities which, while not rated, are determined by the portfolio managers to be of comparable credit quality to those rated below investment-grade.
When determining whether to sell a security, portfolio managers consider, among other things, current and anticipated changes in interest rates, the credit quality of a particular issuer, comparable alternatives, general market conditions and any other factor deemed relevant by the portfolio managers.
BCIAX - Performance
Return Ranking - Trailing
| Period | BCIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -6.1% | 36.1% | 80.26% |
| 1 Yr | 1.4% | -6.0% | 38.2% | 81.60% |
| 3 Yr | -0.6%* | -11.5% | 5.9% | 48.63% |
| 5 Yr | 0.4%* | -7.2% | 1103.7% | 71.76% |
| 10 Yr | 1.4%* | -1.1% | 248.9% | 59.41% |
* Annualized
Return Ranking - Calendar
| Period | BCIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.0% | -1.4% | 41.0% | 74.81% |
| 2022 | -8.9% | -39.7% | 0.3% | 25.87% |
| 2021 | -0.9% | -5.6% | 6.9% | 71.00% |
| 2020 | 1.5% | -2.6% | 310.0% | 60.71% |
| 2019 | 3.7% | 0.0% | 26.0% | 54.57% |
Total Return Ranking - Trailing
| Period | BCIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -6.1% | 36.1% | 80.26% |
| 1 Yr | 1.4% | -6.0% | 38.2% | 81.60% |
| 3 Yr | -0.6%* | -11.5% | 5.9% | 48.63% |
| 5 Yr | 0.4%* | -7.2% | 1103.7% | 71.76% |
| 10 Yr | 1.4%* | -1.1% | 248.9% | 59.41% |
* Annualized
Total Return Ranking - Calendar
| Period | BCIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.5% | -1.3% | 41.0% | 74.41% |
| 2022 | -7.1% | -39.7% | 1.1% | 26.96% |
| 2021 | 1.1% | -4.8% | 23761504.0% | 61.86% |
| 2020 | 3.0% | -1.5% | 17057.9% | 73.81% |
| 2019 | 6.2% | 0.2% | 3514.6% | 60.55% |
NAV & Total Return History
BCIAX - Holdings
Concentration Analysis
| BCIAX | Category Low | Category High | BCIAX % Rank | |
|---|---|---|---|---|
| Net Assets | 2 B | 3.22 M | 71.9 B | 17.54% |
| Number of Holdings | 937 | 4 | 13418 | 11.48% |
| Net Assets in Top 10 | 151 M | -317 M | 3.09 B | 30.83% |
| Weighting of Top 10 | 7.44% | 1.8% | 100.3% | 89.65% |
Top 10 Holdings
- Sacramento County Water Financing Authority 4.00% 11/01/2025 1.11%
- California Community Choice Financing Authority 3.37% 02/01/2052 0.92%
- Bay Area Toll Authority 3.05% 04/01/2059 0.89%
- University of California 5.00% 05/15/2029 0.80%
- California Community Choice Financing Authority 5.25% 11/01/2054 0.77%
- University of California 5.00% 05/15/2026 0.67%
- California Housing Finance Agency 3.50% 11/20/2035 0.58%
- Anaheim Housing Public Improvements Authority 2.90% 10/01/2054 0.58%
- University of California 5.00% 05/15/2035 0.58%
- California Community Choice Financing Authority 4.00% 02/01/2052 0.55%
Asset Allocation
| Weighting | Return Low | Return High | BCIAX % Rank | |
|---|---|---|---|---|
| Bonds | 99.79% | 0.00% | 150.86% | 25.17% |
| Stocks | 0.25% | 0.00% | 99.77% | 6.17% |
| Other | 0.00% | -3.69% | 53.54% | 14.04% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 47.55% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 47.27% |
| Cash | 0.00% | -50.86% | 44.62% | 90.06% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BCIAX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 0.00% | N/A |
| Technology | 0.00% | 0.00% | 0.00% | N/A |
| Real Estate | 0.00% | 0.00% | 0.00% | N/A |
| Industrials | 0.00% | 0.00% | 100.00% | N/A |
| Healthcare | 0.00% | 0.00% | 0.00% | N/A |
| Financial Services | 0.00% | 0.00% | 0.00% | N/A |
| Energy | 0.00% | 0.00% | 0.00% | N/A |
| Communication Services | 0.00% | 0.00% | 100.00% | N/A |
| Consumer Defense | 0.00% | 0.00% | 0.00% | N/A |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
| Basic Materials | 0.00% | 0.00% | 0.00% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BCIAX % Rank | |
|---|---|---|---|---|
| US | 0.25% | 0.00% | 99.77% | 6.18% |
| Non US | 0.00% | 0.00% | 10.22% | 47.15% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BCIAX % Rank | |
|---|---|---|---|---|
| Municipal | 99.48% | 44.39% | 100.00% | 30.21% |
| Derivative | 0.00% | -3.69% | 53.54% | 11.22% |
| Cash & Equivalents | 0.00% | 0.00% | 44.41% | 76.70% |
| Securitized | 0.00% | 0.00% | 5.93% | 45.99% |
| Corporate | 0.00% | 0.00% | 9.41% | 54.48% |
| Government | 0.00% | 0.00% | 52.02% | 49.49% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BCIAX % Rank | |
|---|---|---|---|---|
| US | 99.79% | 0.00% | 142.23% | 23.77% |
| Non US | 0.00% | 0.00% | 23.89% | 49.56% |
BCIAX - Expenses
Operational Fees
| BCIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.72% | 0.01% | 8.02% | 52.62% |
| Management Fee | 0.46% | 0.00% | 1.20% | 66.98% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 47.75% |
| Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
| BCIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.50% | 0.50% | 4.75% | 6.61% |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| BCIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| BCIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 30.00% | 0.00% | 283.00% | 78.77% |
BCIAX - Distributions
Dividend Yield Analysis
| BCIAX | Category Low | Category High | BCIAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.77% | 0.00% | 14.51% | 65.10% |
Dividend Distribution Analysis
| BCIAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| BCIAX | Category Low | Category High | BCIAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.85% | -0.53% | 5.33% | 55.74% |
Capital Gain Distribution Analysis
| BCIAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.026 | OrdinaryDividend |
| Oct 31, 2024 | $0.025 | OrdinaryDividend |
| Sep 30, 2024 | $0.024 | OrdinaryDividend |
| Aug 30, 2024 | $0.026 | OrdinaryDividend |
| Jul 31, 2024 | $0.025 | OrdinaryDividend |
| Apr 30, 2024 | $0.025 | OrdinaryDividend |
| Mar 28, 2024 | $0.024 | OrdinaryDividend |
| Feb 29, 2024 | $0.025 | OrdinaryDividend |
| Jan 31, 2024 | $0.023 | OrdinaryDividend |
| Dec 31, 2023 | $0.025 | OrdinaryDividend |
| Nov 30, 2023 | $0.025 | OrdinaryDividend |
| Oct 31, 2023 | $0.023 | OrdinaryDividend |
| Sep 29, 2023 | $0.025 | OrdinaryDividend |
| Aug 31, 2023 | $0.023 | OrdinaryDividend |
| Jul 31, 2023 | $0.021 | OrdinaryDividend |
| Jun 30, 2023 | $0.025 | OrdinaryDividend |
| May 31, 2023 | $0.022 | OrdinaryDividend |
| Apr 28, 2023 | $0.021 | OrdinaryDividend |
| Mar 31, 2023 | $0.023 | OrdinaryDividend |
| Feb 28, 2023 | $0.023 | OrdinaryDividend |
| Jan 31, 2023 | $0.020 | OrdinaryDividend |
| Dec 30, 2022 | $0.023 | OrdinaryDividend |
| Nov 30, 2022 | $0.022 | OrdinaryDividend |
| Oct 31, 2022 | $0.019 | OrdinaryDividend |
| Sep 30, 2022 | $0.021 | OrdinaryDividend |
| Aug 31, 2022 | $0.018 | OrdinaryDividend |
| Jul 29, 2022 | $0.018 | OrdinaryDividend |
| Jun 30, 2022 | $0.019 | OrdinaryDividend |
| May 31, 2022 | $0.017 | OrdinaryDividend |
| Apr 29, 2022 | $0.018 | OrdinaryDividend |
| Mar 31, 2022 | $0.015 | OrdinaryDividend |
| Jan 31, 2022 | $0.015 | OrdinaryDividend |
| Dec 31, 2021 | $0.017 | OrdinaryDividend |
| Dec 07, 2021 | $0.008 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.017 | OrdinaryDividend |
| Oct 31, 2021 | $0.017 | OrdinaryDividend |
| Sep 30, 2021 | $0.017 | OrdinaryDividend |
| Aug 31, 2021 | $0.016 | OrdinaryDividend |
| Jul 31, 2021 | $0.018 | OrdinaryDividend |
| Jun 30, 2021 | $0.019 | OrdinaryDividend |
| May 31, 2021 | $0.017 | OrdinaryDividend |
| Apr 30, 2021 | $0.020 | OrdinaryDividend |
| Mar 31, 2021 | $0.018 | OrdinaryDividend |
| Feb 28, 2021 | $0.020 | OrdinaryDividend |
| Jan 31, 2021 | $0.019 | OrdinaryDividend |
| Dec 31, 2020 | $0.021 | OrdinaryDividend |
| Nov 30, 2020 | $0.019 | OrdinaryDividend |
| Oct 30, 2020 | $0.020 | OrdinaryDividend |
| Sep 30, 2020 | $0.020 | OrdinaryDividend |
| Aug 31, 2020 | $0.018 | OrdinaryDividend |
| Jun 30, 2020 | $0.020 | OrdinaryDividend |
| Apr 30, 2020 | $0.020 | OrdinaryDividend |
| Jan 31, 2020 | $0.021 | OrdinaryDividend |
| Dec 31, 2019 | $0.020 | OrdinaryDividend |
| Dec 17, 2019 | $0.018 | CapitalGainLongTerm |
| Nov 29, 2019 | $0.021 | OrdinaryDividend |
| Oct 31, 2019 | $0.020 | OrdinaryDividend |
| Sep 30, 2019 | $0.021 | OrdinaryDividend |
| Aug 30, 2019 | $0.021 | OrdinaryDividend |
| Jul 31, 2019 | $0.022 | OrdinaryDividend |
| Dec 11, 2018 | $0.006 | CapitalGainLongTerm |
| Dec 07, 2012 | $0.003 | CapitalGainLongTerm |
BCIAX - Fund Manager Analysis
Managers
Alan Kruss
Start Date
Tenure
Tenure Rank
Apr 30, 2006
16.1
16.1%
Mr. Kruss, Vice President and Portfolio Manager, has been a member of the team that manages Government Agency Money Market since November 2001. He joined American Century in 1997 as an Investment Administrator. In 2000, he was named Fixed Income Trader and in 2001, he was named Portfolio Manager. He has a bachelor's degree in finance from San Francisco State University.
Joseph Gotelli
Start Date
Tenure
Tenure Rank
Jul 22, 2008
13.87
13.9%
Mr. Gotelli, Portfolio Manager and Vice President, has joined American Century Investments since 2008. He has shared primary responsibility for the management of the fund, and has served on teams managing fixed-income investments since joining the advisor. Prior to joining American Century Investments, he was an assistant portfolio manager at Franklin Templeton Investments for seven years. He has a bachelor’s degree in business economics from the University of California, Santa Barbara and an MBA from Santa Clara University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.36 | 1.58 |
