BCIYX

About BCIYX

American Century California Intermediate-Term Tax-Free Bond Fund C Class is a mutual fund focused on providing investors with a combination of principal safety and high current income that is exempt from both federal and California state income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal bonds issued by California entities, targeting intermediate-term securities with maturities typically ranging from five to twelve years. This approach aims to deliver stable, tax-advantaged income to California residents, making the fund especially relevant for investors seeking to minimize tax liabilities on their fixed-income investments. The fund holds a diversified portfolio of over 1,000 securities, including bonds supporting key sectors like public infrastructure, utilities, and education across California. Regular monthly distributions and a focus on high credit quality further define its conservative strategy. With a notable fund size exceeding $2 billion and a history dating back to 2010, it plays a significant role in the tax-exempt municipal bond market for California investors, though its relatively high expense ratio is an important consideration for prospective shareholders.