CCAOX

About CCAOX

Columbia Strategic California Municipal Income Fund Class C is a municipal bond mutual fund designed to offer investors a consistent stream of income that is generally exempt from both federal and California state income taxes. Managed by Columbia Management Advisors, Inc. since its inception in 1997, the fund primarily invests at least 80% of its assets in investment-grade municipal bonds issued by California state and local governments or related agencies. It may allocate up to 25% of its assets to lower-rated debt, providing diversification across credit qualities. With a focus on long-term tax-exempt income and capital preservation, the fund caters especially to California residents seeking to minimize their tax liabilities through municipal securities. Dividends are declared daily and distributed monthly, while capital gains distributions occur annually. Falling in the "Muni California Long" category, the fund typically maintains a portfolio with longer-duration bonds, making it sensitive to interest rate fluctuations but suitable for investors with a long-term investment horizon. The fund plays a significant role in the market by channeling capital into California’s public infrastructure and community projects, influencing economic development at both local and state levels.