BCIAX Fees and Costs — California Intermediate-Term Tax-Free Bond Fund, A Class
Data updated: 2026-07-29
The net expense ratio is 0.72%: a 0.46% management fee, a 0.25% 12b-1 fee plus 0.01% other expenses. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2025 the fund paid $9K in broker commissions, 0.0005% of average net assets, and portfolio turnover was 61%.
BCIAX Fees and Expenses
Annual operating expenses and sales charges of BCIAX. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.72% |
| Fee waiver | — |
| Net expense ratio | 0.72% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BCIAX Costs Over Time
On $10,000 invested in BCIAX, assuming 5% a year before costs, total costs come to $1,007 over 5 years, cutting the return by 1.71% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.72%) | $72 | $226 | $393 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $23 | $82 | $164 |
| Total costs | $545 | $758 | $1,007 |
| Value after costs | $9,955 | $10,818 | $11,756 |
| Impact on return, per year | 5.45% | 2.34% | 1.71% |
BCIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0005%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $2.1B
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
BCIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | $9K | 96.80% |
| CITADEL SECURITIES CSHC US LLC | $302 | 3.20% |
BCIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES | $399.2M | 21.66% |
| BARCLAYS CAPITAL | $353.3M | 19.17% |
| GOLDMAN SACHS | $238.2M | 12.92% |
| WELLS FARGO SECURITIES | $203.2M | 11.02% |
| RBC CAPITAL MARKETS | $149.9M | 8.13% |
| BANK OF AMERICA MERRILL LYNCH | $124.2M | 6.74% |
| MORGAN STANLEY | $109.4M | 5.94% |
| INSPEREX LLC | $105.3M | 5.71% |
| STIFEL NICOLAUS & CO MARKETS | $94.8M | 5.14% |
| TORONTO-DOMINION CORP | $65.6M | 3.56% |
California Intermediate-Term Tax-Free Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ACYTX | Y Class | 0.24% | none |
| BCTIX | I Class | 0.27% | none |
| BCITX | Investor Class | 0.47% | none |
| BCIAX | A Class | 0.72% | 4.50% |
| BCIYX | C Class | 1.47% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.