BCITX Performance — California Intermediate-Term Tax-Free Bond Fund, Investor Class
Data updated: 2026-07-29
BCITX returned +1.01% year to date and +5.93% over one year to May 2026. Annualised returns are +3.52% over 3 years and +0.96% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $111, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 4.23% a year. In the 12 months to May 2026 the fund took in a net $176.6M, and assets reached $2.24B.
BCITX Growth of $100
What $100 invested in California Intermediate-Term Tax-Free Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | BCITX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $106 |
| 3 years (Jun 2023 – May 2026) | $111 | $111 |
| 5 years (Jun 2021 – May 2026) | $105 | $104 |
| Since data start (Sep 2019 – May 2026) | $109 | $109 |
BCITX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.01% |
| 1 year | +5.93% |
| 3 years (annualised) | +3.52% |
| 5 years (annualised) | +0.96% |
BCITX Annual Returns
Calendar-year total returns of California Intermediate-Term Tax-Free Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.01% |
| 2025 | +4.18% |
| 2024 | +1.67% |
| 2023 | +4.74% |
| 2022 | −6.84% |
| 2021 | +1.26% |
| 2020 | +3.68% |
| 2019 (Sep–Dec) | −0.15% |
BCITX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +1.1% | −2.1% | +0.9% | +0.3% | — | — | — | — | — | — | — |
| 2025 | +0.2% | +1.0% | −1.4% | −0.6% | +0.1% | +0.7% | −0.1% | +0.8% | +1.8% | +1.1% | +0.3% | +0.3% |
| 2024 | −0.1% | +0.2% | −0.1% | −0.7% | −0.2% | +1.2% | +0.7% | +0.8% | +0.8% | −1.1% | +1.2% | −0.9% |
| 2023 | +2.1% | −1.7% | +1.7% | −0.2% | −0.8% | +0.7% | +0.2% | −0.8% | −2.0% | −0.9% | +4.7% | +2.0% |
| 2022 | −2.4% | −0.4% | −2.4% | −2.3% | +1.0% | −1.2% | +2.1% | −1.7% | −2.8% | −0.4% | +3.6% | +0.1% |
| 2021 | +0.6% | −1.3% | +0.5% | +0.8% | +0.3% | +0.3% | +0.7% | −0.3% | −0.7% | −0.2% | +0.6% | +0.1% |
| 2020 | +1.6% | +1.1% | −4.0% | −1.7% | +3.1% | +0.9% | +1.6% | −0.3% | +0.1% | −0.2% | +1.3% | +0.4% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | +0.1% | +0.1% | +0.3% |
BCITX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.23%
- 3-year Sharpe ratio: -0.23 (vs 4.5% risk-free rate)
- Best month: +4.67% (Nov 2023)
- Worst month: −2.11% (Mar 2026)
BCITX Fund Flows
Monthly money in and out of California Intermediate-Term Tax-Free Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $176.6M
- 12-month gross sales (incl. reinvestments): $750.5M
- Sales ÷ redemptions: 1.31×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $60.7M | $25.3M | $35.4M |
| Apr 2026 | $47.0M | $32.7M | $14.3M |
| Mar 2026 | $51.8M | $47.0M | $4.7M |
| Feb 2026 | $46.8M | $23.2M | $23.6M |
| Jan 2026 | $50.4M | $28.9M | $21.5M |
| Dec 2025 | $89.7M | $39.3M | $50.4M |
| Nov 2025 | $38.2M | $25.7M | $12.5M |
| Oct 2025 | $50.1M | $32.5M | $17.6M |
| Sep 2025 | $66.0M | $37.1M | $28.9M |
| Aug 2025 | $69.2M | $95.0M | −$25.8M |
| Jul 2025 | $99.8M | $59.8M | $39.9M |
| Jun 2025 | $80.9M | $127.3M | −$46.4M |
BCITX Assets Under Management
Net assets of California Intermediate-Term Tax-Free Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.24B |
| 2026-02-28 | $2.22B |
| 2025-11-30 | $2.09B |
| 2025-08-31 | $1.99B |
| 2025-05-31 | $2.01B |
| 2025-02-28 | $2.05B |
| 2024-11-30 | $2.07B |
| 2024-08-31 | $2.03B |
| 2024-05-31 | $1.98B |
| 2024-02-29 | $2.00B |
| 2023-11-30 | $1.94B |
| 2023-08-31 | $2.03B |
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.