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Trending ETFs

Name

As of 06/17/2024

Price

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

$1.00

$3.67 M

3.12%

$0.03

0.50%

Vitals

YTD Return

1.4%

1 yr return

2.8%

3 Yr Avg Return

1.5%

5 Yr Avg Return

1.0%

Net Assets

$3.67 M

Holdings in Top 10

43.8%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Money Market Fund


Name

As of 06/17/2024

Price

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

$1.00

$3.67 M

3.12%

$0.03

0.50%

BCTXX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    CALIFORNIA TAX-FREE MONEY MARKET FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Nov 12, 2012
  • Shares Outstanding
    122771785
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

The fund is a retail money market fund that invests in municipal money market securities. The securities purchased by the fund are subject to the maturity, quality, diversification, and other requirements of Rule 2a-7 under the Investment Company Act of 1940, as amended. Although the fund seeks to maintain a $1.00 share price, there is no guarantee it will be able to do so. Under normal market conditions, the fund invests in cash-equivalent, high-quality debt securities, at least 80% of which have interest payments exempt from federal and California income taxes. Cities, counties, other municipalities in California and U.S. territories may issue the securities. A high-quality debt security is one an independent rating agency rates in its top two credit quality categories or that the advisor determines to be of comparable credit quality.
Some of the securities in which the fund invests are guaranteed by certain U.S. government agencies or instrumentalities such as the Federal Home Loan Bank (FHLB), the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac). Such securities are not guaranteed by the U.S. Treasury or supported by the full faith and credit of the U.S. government. However, these agencies are authorized to borrow from the U.S. Treasury to meet their obligations. 
When determining whether to buy or sell a security, portfolio managers may consider, among other things, current and anticipated changes in interest rates, issuer credit quality, comparable alternatives, diversification limits, general market conditions and any other factor deemed relevant by the portfolio managers.
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BCTXX - Performance

Return Ranking - Trailing

Period BCTXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% 1.1% 2.7% 82.09%
1 Yr 2.8% 2.2% 5.4% 86.57%
3 Yr 1.5%* 1.1% 2.9% 86.79%
5 Yr 1.0%* 0.7% 2.0% 93.44%
10 Yr 0.7%* 0.6% 1.1% 83.33%

* Annualized

Return Ranking - Calendar

Period BCTXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 26.74%
2022 0.0% 0.0% 0.0% 25.58%
2021 0.0% 0.0% 0.0% 25.64%
2020 0.0% 0.0% 0.0% 25.68%
2019 0.0% 0.0% 0.0% 24.36%

Total Return Ranking - Trailing

Period BCTXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% 1.1% 2.7% 82.09%
1 Yr 2.8% 2.2% 5.4% 86.57%
3 Yr 1.5%* 1.1% 2.9% 86.79%
5 Yr 1.0%* 0.7% 2.0% 93.44%
10 Yr 0.7%* 0.6% 1.1% 83.33%

* Annualized

Total Return Ranking - Calendar

Period BCTXX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% 2.0% 5.4% 91.86%
2022 0.8% 0.2% 1.2% 63.95%
2021 0.0% 0.0% 0.3% 80.77%
2020 0.2% 0.0% 1.3% 72.97%
2019 1.0% 0.0% 2.7% 64.10%

NAV & Total Return History


BCTXX - Holdings

Concentration Analysis

BCTXX Category Low Category High BCTXX % Rank
Net Assets 3.67 M 3.67 M 19.7 B 100.00%
Number of Holdings 49 1 921 93.02%
Net Assets in Top 10 52.8 M 40.6 M 17.4 B 96.51%
Weighting of Top 10 43.79% 9.8% 100.0% 15.12%

Top 10 Holdings

  1. VICTORVILLE CALIF JT PWRS FING AUTH LEASE REV 0.82% 8.83%
  2. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.15% 5.06%
  3. SANTA CLARA VY CALIF TRANSN AUTH SALES TAX REV 0.45% 4.69%
  4. CALIFORNIA STATEWIDE CMNTYS DEV AUTH MULTIFAMILY HSG REV 0.06% 4.61%
  5. IRVINE RANCH CALIF WTR DIST 0.85% 4.56%
  6. CALIFORNIA ST DEPT WTR RES WTR REV IAM COML PAPER NTS 3/A2 SER 1 0.1% 4.55%
  7. CALIFORNIA ST DEPT WTR RES WTR REV IAM COML PAPER NTS 3/A2 SER 1 0.06% 4.45%
  8. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.82% 4.31%
  9. CALIFORNIA ST DEPT WTR RES WTR REV IAM COML PAPER NTS 3/A2 SER 1 0.16% 4.27%
  10. CALIFORNIA ST DEPT WTR RES WTR REV IAM COML PAPER NTS 3/A2 SER 1 0.16% 4.18%

Asset Allocation

Weighting Return Low Return High BCTXX % Rank
Bonds
68.72% 0.00% 99.21% 84.88%
Cash
31.28% 0.79% 100.00% 16.28%
Stocks
0.00% 0.00% 0.00% 25.58%
Preferred Stocks
0.00% 0.00% 0.00% 25.58%
Other
0.00% 0.00% 0.00% 25.58%
Convertible Bonds
0.00% 0.00% 0.00% 25.58%

Bond Sector Breakdown

Weighting Return Low Return High BCTXX % Rank
Municipal
68.72% 0.00% 99.21% 84.88%
Cash & Equivalents
31.28% 0.79% 100.00% 16.28%
Derivative
0.00% 0.00% 0.00% 25.58%
Securitized
0.00% 0.00% 0.00% 25.58%
Corporate
0.00% 0.00% 0.00% 25.58%
Government
0.00% 0.00% 13.45% 32.56%

Bond Geographic Breakdown

Weighting Return Low Return High BCTXX % Rank
US
68.72% 0.00% 99.21% 84.88%
Non US
0.00% 0.00% 0.00% 25.58%

BCTXX - Expenses

Operational Fees

BCTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.15% 1.77% 41.86%
Management Fee 0.49% 0.08% 0.49% 98.84%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee N/A 0.05% 0.55% N/A

Sales Fees

BCTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

BCTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

BCTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 0.00% N/A

BCTXX - Distributions

Dividend Yield Analysis

BCTXX Category Low Category High BCTXX % Rank
Dividend Yield 3.12% 2.26% 5.22% 90.70%

Dividend Distribution Analysis

BCTXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BCTXX Category Low Category High BCTXX % Rank
Net Income Ratio 0.01% 0.00% 0.12% 36.05%

Capital Gain Distribution Analysis

BCTXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Distributions History

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BCTXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Jan 01, 2010

12.42

12.4%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.83 27.88 14.3 15.26