NCMAX Performance — Columbia California Intermediate Municipal Bond Fund, Institutional Class
Data updated: 2026-09-28
NCMAX returned 0.00% year to date and +3.87% over one year to Jul 2026. Annualised returns are +2.66% over 3 years and +0.58% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $108, against $109 for the category, and to $104 over one year, against $105. Volatility over the past three years was 3.96% a year. In the 12 months to Jul 2026 the fund lost a net $81.3M, and assets reached $213.63M.
NCMAX Growth of $100
What $100 invested in Columbia California Intermediate Municipal 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 | NCMAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $104 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $108 | $109 |
| 5 years (Aug 2021 – Jul 2026) | $103 | $102 |
| Since data start (Aug 2019 – Jul 2026) | $109 | $109 |
NCMAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | 0.00% |
| 1 year | +3.87% |
| 3 years (annualised) | +2.66% |
| 5 years (annualised) | +0.58% |
NCMAX Annual Returns
Calendar-year total returns of Columbia California Intermediate Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | 0.00% |
| 2025 | +3.88% |
| 2024 | +1.31% |
| 2023 | +4.74% |
| 2022 | −6.28% |
| 2021 | +1.02% |
| 2020 | +3.67% |
| 2019 (Aug–Dec) | +0.95% |
NCMAX 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 | +1.0% | +1.0% | −2.1% | +0.8% | +0.4% | +0.6% | −1.5% | — | — | — | — | — |
| 2025 | −0.1% | +1.0% | −1.3% | −0.6% | +0.2% | +0.7% | +0.1% | +0.8% | +1.6% | +1.0% | +0.2% | +0.2% |
| 2024 | 0.0% | 0.0% | −0.1% | −0.8% | −0.4% | +1.1% | +0.6% | +0.6% | +0.8% | −1.2% | +1.2% | −0.8% |
| 2023 | +2.1% | −1.7% | +1.7% | −0.4% | −0.7% | +0.7% | +0.2% | −0.6% | −1.8% | −0.6% | +4.0% | +1.9% |
| 2022 | −2.4% | −0.4% | −2.5% | −2.4% | +1.2% | −1.2% | +2.2% | −1.4% | −2.7% | −0.3% | +3.3% | +0.4% |
| 2021 | +0.5% | −1.6% | +0.5% | +0.8% | +0.3% | +0.3% | +0.8% | −0.3% | −0.8% | −0.2% | +0.8% | +0.1% |
| 2020 | +1.6% | +1.0% | −3.9% | −1.8% | +3.0% | +1.0% | +1.5% | −0.4% | 0.0% | −0.2% | +1.3% | +0.6% |
| 2019 | — | — | — | — | — | — | — | +1.2% | −0.7% | +0.1% | +0.1% | +0.2% |
NCMAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 3.96%
- 3-year Sharpe ratio: -0.46 (vs 4.5% risk-free rate)
- Best month: +3.96% (Nov 2023)
- Worst month: −2.14% (Mar 2026)
NCMAX Fund Flows
Monthly money in and out of Columbia California Intermediate Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$81.3M
- 12-month gross sales (incl. reinvestments): $41.4M
- Sales ÷ redemptions: 0.34×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $3.1M | $17.5M | −$14.4M |
| Jun 2026 | $2.0M | $31.8M | −$29.8M |
| May 2026 | $2.3M | $9.1M | −$6.8M |
| Apr 2026 | $2.7M | $3.2M | −$539K |
| Mar 2026 | $2.6M | $18.2M | −$15.5M |
| Feb 2026 | $3.1M | $5.7M | −$2.7M |
| Jan 2026 | $3.8M | $10.3M | −$6.5M |
| Dec 2025 | $4.9M | $7.4M | −$2.6M |
| Nov 2025 | $4.2M | $3.9M | $277K |
| Oct 2025 | $2.9M | $6.3M | −$3.4M |
| Sep 2025 | $4.8M | $4.2M | $543K |
| Aug 2025 | $5.1M | $5.0M | $135K |
NCMAX Assets Under Management
Net assets of Columbia California Intermediate Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $213.63M |
| 2026-04-30 | $267.65M |
| 2026-01-31 | $289.41M |
| 2025-10-31 | $296.11M |
| 2025-07-31 | $291.37M |
| 2025-04-30 | $292.55M |
| 2025-01-31 | $308.46M |
| 2024-10-31 | $318.37M |
| 2024-07-31 | $279.02M |
| 2024-04-30 | $277.12M |
| 2024-01-31 | $282.34M |
| 2023-10-31 | $282.64M |
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.