American Century California Intermediate-Term Tax-Free Bond Inv Cl
BCITX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Nov 15, 1983
- CIK
- 0000717316
- Website
- americancentury.com
- Similar Companies
- Business
- American Century California Intermediate-Term Tax-Free Bond Fund Investor Class (BCITX) is an open-end mutual fund that seeks safety of principal and high current income exempt from federal and California state income taxes by investing primarily in investment-grade, intermediate-term municipal securities issued by the State of California and its political subdivisions; up to 20% of assets may be allocated to debt securities subject to federal income tax, California state or local income tax, or the federal alternative minimum tax. The fund's portfolio emphasizes municipal tax-exempt bonds (approximately 95%), government-related securities, and cash equivalents, with an average maturity of around 9.5 years, effective duration suited to moderate interest-rate sensitivity, and mid-level credit quality, benchmarked against the S&P Intermediate Term California AMT-Free Municipal Bond Index. Managed by American Century Investments, a global asset manager founded in 1958 and headquartered in Kansas City, Missouri, the fund operates within the municipal bond segment targeting California residents and investors seeking tax-efficient fixed income, with total net assets of approximately $2.01 billion and Investor Class share class size of $584.50 million as of recent data. American Century Investments, which oversees BCITX, provides a broad array of investment products including mutual funds, ETFs, separately managed accounts, and collective investment trusts across equity, fixed income, and alternative strategies; the firm serves individual, institutional, and high-net-worth clients primarily in the United States, with additional operations in New York, London, Hong Kong, and Sydney. In recent developments, American Century Investments achieved a milestone in September 2025 by surpassing $300 billion in assets under supervision for the first time, driven by client-focused growth in active ETFs (reaching $75 billion, positioning it as the fourth-largest active ETF issuer in the U.S.), expansion via Avantis Investors, and entry into private markets through the 2023 acquisition of the 3x5 Partners venture capital team to target early-stage growth in healthcare and climate solutions. The firm continues to innovate with global ETF capabilities and private investments for institutional clients, while directing over 40% of annual profits to the Stowers Institute for Medical Research, exceeding $2 billion since 2000; no specific changes, such as closures or restructurings, were reported for the BCITX fund itself in the last 1-2 years.