Columbia Strategic California Municipal Income Fund

C000126465 Fund Overview

Columbia Strategic California Municipal Income Fund is a US mutual fund managed by Columbia Funds Series Trust I, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Columbia Funds Series Trust I
• Category: Long Municipal - National Bond
• Assets under management: $306.70M
• 1-year return: 8.4%
• SEC CIK: 0000773757
• SEC series ID: S000010621
• Share class ID: C000126465

C000126465 Investment Objective and Strategy

Columbia Strategic California Municipal Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Columbia Funds Series Trust I.

Investment objective

Columbia Strategic California Municipal Income Fund (the Fund) seeks total return, with a focus on income exempt from federal income tax and California individual income tax and capital appreciation.

Principal investment strategy

Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in municipal bonds that pay interest exempt from U.S. federal income tax (including the federal alternative minimum tax) and California individual income tax. The Fund may invest in municipal debt instruments of any duration, maturity and credit quality, including below investment grade debt (commonly referred to as high yield investments or junk bonds). The Fund may invest up to 20% of its net assets in debt instruments that generate income subject to federal income tax, including the federal alternative minimum tax. For purposes of the Funds 80% investment policy, these bonds and other debt instruments include those issued by or on behalf of the State of California and its political subdivisions, agencies, authorities and instrumentalities, as well as by or on behalf of other qualified issuers, including those of U.S.

territories, commonwealths and possessions, such as Guam, Puerto Rico and the U.S. Virgin Islands. The Fund may also invest in securities of other open-end or closed-end investment companies, including exchange-traded funds and municipal bond money market funds, that invest primarily in the types of debt instruments in which the Fund may invest directly. Given the flexible investment approach of the Fund, its maturity, duration, credit quality and sector allocations may fluctuate. The Fund may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity. The Fund may also invest in zero-coupon bonds. The Fund may invest in derivatives, such as futures (including interest rate futures and other bond futures) for purposes of yield curve exposure and for hedging purposes, and inverse floaters, for the purpose of enhancing income.

The Fund is non-diversified, which means that it can invest a greater percentage of its assets in the securities of fewer issuers than can a diversified fund.

C000126465 Holdings

Top 10 holdings of Columbia Strategic California Municipal Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000126465 holdings

C000126465 Portfolio Allocation

Asset-class allocation of Columbia Strategic California Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000126465 Performance

Total returns for C000126465 (as of 2026-10-01), from SEC filings.

C000126465 Risk Information

Risk metrics for C000126465, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 5.1%

C000126465 Costs and Fees

C000126465 costs about $54 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.54%
• Gross expense ratio: 0.57%
• Portfolio turnover: 20%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000126465 Cashflows

Over the 12 months to 2026-07, Columbia Strategic California Municipal Income Fund had net outflows of $4.27M, from monthly SEC N-PORT filings.

C000126465 Debt Constituents

Largest debt holdings of Columbia Strategic California Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000126465 Prospectus and SEC Filings

Official Columbia Strategic California Municipal Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-02-26
• Prospectus (485BPOS) — filed 2025-02-26
• Prospectus (485BPOS) — filed 2024-02-26
• Portfolio holdings (N-PORT) — filed 2026-09-28
• Portfolio holdings (N-PORT) — filed 2026-06-25
• Portfolio holdings (N-PORT) — filed 2026-03-27
• Annual census (N-CEN) — filed 2026-01-09
• Annual census (N-CEN) — filed 2025-01-10

Related Funds

Other Long Municipal - National Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Tax-Exempt Fund (VWITX)
• iShares National Muni Bond ETF (MUB)
• Vanguard Limited-Term Tax-Exempt Fund (VMLTX)
• Tax Exempt Bond Fund Of America (AFTEX)
• Bridge Builder Municipal Bond Fund (BBMUX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.