BCIAX

About BCIAX

American Century California Intermediate-Term Tax-Free Bond Fund Class A is an actively managed municipal bond mutual fund designed to provide high current income exempt from federal and California state income taxes. The fund primarily invests in investment-grade debt issued by California municipalities and related entities, maintaining an intermediate duration profile to balance income generation with interest rate sensitivity. Portfolio managers target diversified revenue and general obligation bonds across essential-service sectors such as water and sewer, transportation, education, and healthcare, with the flexibility to use taxable holdings or shorter Treasuries tactically for liquidity and risk management. The strategy emphasizes safety of principal while seeking consistent, tax-advantaged distributions paid monthly. The fund’s structure and mandate make it a specialized option for investors subject to California taxes who want municipal exposure curated by a dedicated team and risk framework. Launched in 2010, it carries a front-loaded share class fee schedule and ongoing expenses typical of Class A shares, and it is sensitive to California’s fiscal and policy dynamics, credit conditions in the municipal market, and prevailing interest rates.