CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX)

Basic Info

CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS started on 06/20/1996
CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS is classified as asset class Muni California Long
CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS expense ratio is 0.48%
CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS rating is
Not Rated

CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) Dividend Info

CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) dividend growth in the last 12 months is 3.87%

The trailing 12-month yield of CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS is 3.76%. its dividend history:

DateDividend
09/29/2017 0.031
08/31/2017 0.0334
07/31/2017 0.0342
06/30/2017 0.0346
05/31/2017 0.034
04/28/2017 0.0345
03/31/2017 0.034
02/28/2017 0.034
01/31/2017 0.034
12/30/2016 0.033
12/13/2016 0.045
11/30/2016 0.033
10/31/2016 0.033
09/30/2016 0.033
08/31/2016 0.033
07/29/2016 0.033
06/30/2016 0.034
05/31/2016 0.033
04/29/2016 0.033
03/31/2016 0.033
02/29/2016 0.034
01/29/2016 0.033
01/28/2016 0.033
12/31/2015 0.033
11/30/2015 0.033
10/30/2015 0.033
09/30/2015 0.034
08/31/2015 0.034
07/31/2015 0.033
06/30/2015 0.034
05/29/2015 0.034
04/30/2015 0.033
03/31/2015 0.033
02/27/2015 0.033
01/30/2015 0.033
12/31/2014 0.033
11/28/2014 0.032
10/31/2014 0.031
09/30/2014 0.032
08/29/2014 0.032
07/31/2014 0.032
06/30/2014 0.032
05/30/2014 0.031
04/30/2014 0.031
03/31/2014 0.031
02/28/2014 0.031
01/31/2014 0.032
12/31/2013 0.032
11/29/2013 0.032
10/31/2013 0.031
09/30/2013 0.032
08/30/2013 0.032
07/31/2013 0.031
06/28/2013 0.032
05/31/2013 0.031
04/30/2013 0.031
03/28/2013 0.03
02/28/2013 0.031
01/31/2013 0.03
12/31/2012 0.031
11/30/2012 0.031
10/31/2012 0.031
09/28/2012 0.032
08/31/2012 0.032
07/31/2012 0.033
06/29/2012 0.033
05/31/2012 0.032
04/30/2012 0.033
03/30/2012 0.033
02/29/2012 0.035
01/31/2012 0.036
12/30/2011 0.036
11/30/2011 0.037
10/31/2011 0.037
09/30/2011 0.038
08/31/2011 0.038
07/29/2011 0.039
06/30/2011 0.037
05/31/2011 0.039
04/29/2011 0.039
03/31/2011 0.041
02/28/2011 0.037
01/31/2011 0.041
12/31/2010 0.04
11/30/2010 0.037
10/29/2010 0.04
09/30/2010 0.039
08/31/2010 0.042
07/30/2010 0.042
06/30/2010 0.041
05/28/2010 0.042
03/31/2010 0.042
02/26/2010 0.037
01/29/2010 0.041
12/31/2009 0.042
12/08/2009 0.007
11/30/2009 0.041
10/30/2009 0.041
09/30/2009 0.041
08/31/2009 0.043
07/31/2009 0.043
06/30/2009 0.041
05/29/2009 0.038
04/30/2009 0.041
03/31/2009 0.04
02/27/2009 0.04
01/30/2009 0.043
12/31/2008 0.043
11/28/2008 0.039
10/31/2008 0.042
09/30/2008 0.04
08/29/2008 0.04
07/31/2008 0.042
06/30/2008 0.041
05/30/2008 0.041
04/30/2008 0.041
03/31/2008 0.043
02/29/2008 0.041
01/31/2008 0.043
12/31/2007 0.043
11/30/2007 0.044
10/31/2007 0.043
09/28/2007 0.039
08/31/2007 0.047
07/31/2007 0.041
06/29/2007 0.043
05/31/2007 0.043
04/30/2007 0.04
03/30/2007 0.045
02/28/2007 0.04
01/31/2007 0.04
12/29/2006 0.043
12/12/2006 0.019
11/30/2006 0.042
10/31/2006 0.043
09/29/2006 0.04
08/31/2006 0.043
07/31/2006 0.042
06/30/2006 0.042
05/31/2006 0.043
04/28/2006 0.042
03/31/2006 0.043
02/28/2006 0.038
01/31/2006 0.042
12/30/2005 0.042
12/06/2005 0.231
11/30/2005 0.043
10/31/2005 0.045
09/30/2005 0.042
08/31/2005 0.044
07/29/2005 0.043
06/30/2005 0.046
05/31/2005 0.044
04/29/2005 0.043
03/31/2005 0.044
02/28/2005 0.04
01/31/2005 0.044
12/31/2004 0.043
11/30/2004 0.042
10/29/2004 0.043
09/30/2004 0.042
08/31/2004 0.043
07/30/2004 0.042
03/31/2004 0.044
02/27/2004 0.039
01/30/2004 0.042
12/09/2003 0.004
11/28/2003 0.04
10/31/2003 0.045
09/30/2003 0.042
08/29/2003 0.045
07/31/2003 0.044
06/30/2003 0.045
05/30/2003 0.046
04/30/2003 0.045
03/31/2003 0.047
02/28/2003 0.042
01/31/2003 0.046
12/31/2002 0.046
11/29/2002 0.044
10/31/2002 0.038
08/30/2002 0.043
07/31/2002 0.045
06/28/2002 0.04
05/31/2002 0.044
04/30/2002 0.044
03/28/2002 0.041
02/28/2002 0.041
01/31/2002 0.045
12/31/2001 0.046
11/30/2001 0.044
10/31/2001 0.046
09/28/2001 0.043
08/31/2001 0.045
07/31/2001 0.046
06/29/2001 0.045
05/31/2001 0.047
04/30/2001 0.045
03/30/2001 0.047
02/28/2001 0.042
01/31/2001 0.047
12/29/2000 0.047
11/30/2000 0.046
10/31/2000 0.047
09/29/2000 0.046
08/31/2000 0.047
07/31/2000 0.047
06/30/2000 0.046
05/31/2000 0.048
04/28/2000 0.043
03/31/2000 0.054
02/29/2000 0.045
01/31/2000 0.048
12/31/1999 0.047
11/30/1999 0.046
10/29/1999 0.047
09/30/1999 0.045
08/27/1999 0.042
07/30/1999 0.053
06/25/1999 0.044
05/28/1999 0.046
04/30/1999 0.055
03/26/1999 0.044
02/26/1999 0.043
01/29/1999 0.045
12/31/1998 0.048
12/11/1998 0.095
11/30/1998 0.047
10/30/1998 0.048
09/30/1998 0.047
08/28/1998 0.044
07/31/1998 0.049
06/26/1998 0.045
05/29/1998 0.056
04/24/1998 0.045
03/27/1998 0.045
02/27/1998 0.045
01/30/1998 0.048
12/26/1997 0.045
12/12/1997 0.201
11/28/1997 0.046
10/31/1997 0.057
09/26/1997 0.046
08/29/1997 0.057
07/25/1997 0.047
06/27/1997 0.046
05/30/1997 0.059
04/25/1997 0.049
03/27/1997 0.045
02/28/1997 0.047
01/31/1997 0.052
12/31/1996 0.07
11/29/1996 0.059
10/25/1996 0.047
09/27/1996 0.047
08/30/1996 0.05
07/31/1996 0.055
06/28/1996 0.046

Dividend Growth History for CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX)

Year
Payout Amount
Year Start Yield
Annual Payout Growth (YoY)
CAGR to 2017
2017 $0.3037 2.66% -36.20% -
2016 $0.476 4.01% 19.00% -36.20%
2015 $0.4 3.37% 5.26% -12.87%
2014 $0.38 3.41% 1.33% -7.20%
2013 $0.375 3.19% -4.34% -5.14%
2012 $0.392 3.50% -14.60% -4.98%
2011 $0.459 4.39% 3.61% -6.65%
2010 $0.443 4.12% -11.58% -5.25%
2009 $0.501 5.05% 1.01% -6.07%
2008 $0.496 4.47% -2.36% -5.30%
2007 $0.508 4.46% -2.68% -5.01%
2006 $0.522 4.59% -30.49% -4.80%
2005 $0.751 6.40% 97.63% -7.27%
2004 $0.38 3.23% -22.61% -1.71%
2003 $0.491 4.18% 4.25% -3.37%
2002 $0.471 4.15% -13.26% -2.88%
2001 $0.543 4.73% -3.72% -3.57%
2000 $0.564 5.41% 1.26% -3.58%
1999 $0.557 4.80% -15.86% -3.31%
1998 $0.662 5.71% -16.94% -4.02%
1997 $0.797 7.07% 113.10% -4.71%
1996 $0.374 3.43% - -0.99%

Dividend Growth Chart for CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX)

CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) Historical Returns And Risk Info

From 06/21/1996 to 10/20/2017, the compound annualized total return (dividend reinvested) of CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) is 4.707%. Its cumulative total return (dividend reinvested) is 166.483%.

From 06/21/1996 to 10/20/2017, the Maximum Drawdown of CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) is 12.4%.

From 06/21/1996 to 10/20/2017, the Sharpe Ratio of CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) is 0.35.

From 06/21/1996 to 10/20/2017, the Annualized Standard Deviation of CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) is 3.7%.

From 06/21/1996 to 10/20/2017, the Beta of CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) is 0.95.

Last 1 Week* 1 Yr 3 Yr 5 Yr 10 Yr 15 Yr 20 Yr Since
06/21/1996		 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Annualized Return(%) 0.0 0.0 -1.3 0.6 2.8 4.0 4.4 4.7 0.2 0.1 3.5 10.0 -2.2 8.6 12.0 1.3 13.7 -6.1 1.6 4.9 3.3 3.0 4.1 8.2 4.2 15.0 -5.2 6.2 9.7 7.5
Sharpe Ratio NA -0.7 0.35 0.72 0.94 NA NA 0.35 -0.07 -0.05 1.63 5.23 -0.66 3.64 3.86 0.33 3.39 -0.93 -0.48 0.65 0.44 0.47 0.82 1.99 0.56 3.5 -2.41 0.77 -12.49 2.4
Draw Down(%) NA 5.1 6.9 7.2 12.4 NA NA 12.4 5.1 6.9 2.3 1.2 7.2 1.9 3.2 6.9 3.8 12.4 3.4 1.5 2.7 6.9 6.5 5.0 4.3 3.6 7.7 2.6 2.5 2.3
Standard Deviation(%) NA 4.9 3.4 3.2 3.9 NA NA 3.7 4.7 3.0 2.2 1.9 3.4 2.4 3.1 3.6 4.0 7.5 3.0 2.5 2.7 4.3 4.2 3.6 3.5 3.1 3.5 3.8 3.6 4.6
Treynor Ratio NA -0.04 0.01 0.03 0.04 NA NA 0.01 0.0 0.0 0.04 0.13 -0.03 0.09 0.12 0.01 0.14 -0.07 -0.02 0.02 0.01 0.02 0.03 0.08 0.02 0.12 -0.08 0.03 -0.52 0.13
Alpha NA -0.02 -0.01 0.0 0.0 NA NA 0.0 -0.03 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.01 0.0 -0.02 0.0
Beta NA 0.89 0.87 0.85 0.95 NA NA 0.95 0.92 0.88 0.82 0.79 0.84 0.91 1.01 0.99 0.96 1.02 0.93 0.93 0.89 0.98 0.99 0.91 1.04 0.93 1.02 0.98 0.87 0.84
RSquare NA 0.36 0.5 0.63 0.82 NA NA 0.84 0.21 0.93 0.89 0.81 0.95 0.88 0.91 0.93 0.9 0.93 0.88 0.88 0.89 0.93 0.93 0.91 0.9 0.84 0.81 0.76 0.74 0.81
Yield(%) N/A 3.8 3.6 3.5 3.9 4.1 4.4 N/A 2.4 3.6 3.0 3.2 3.1 3.4 4.6 4.1 4.9 4.3 4.3 4.4 6.1 3.1 4.0 4.0 4.7 5.6 4.7 5.7 7.2 3.6
Dividend Growth(%) N/A 3.9 9.9 -12.9 -23.2 N/A N/A N/A -37.2 19.4 0.0 0.0 -5.3 -20.8 9.1 -10.2 2.1 -2.0 -2.0 -30.6 100.0 -23.4 4.4 -16.7 -6.9 5.5 -16.7 -18.5 107.7 N/A

Return Calculator for CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX)

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CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) Historical Return Chart

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CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) Rolling Returns Charts

A rolling return for a period such as 5-year, as of a specific date, represents the investment’s performance over the preceding five years leading up to that date. In the 5-year rolling chart, the value on any given date corresponds to the annualized return for the preceding 5 years up to that very date. Thus, for instance, the chart value on 8/28/2015 reflects the annualized return from 8/28/2010 to 8/28/2015. A 5-year rolling return chart for an investment (stock, fund or portfolio) depicts the return sequence of 5-year trailing returns for the dates in the chart.

These rolling returns contrast with the most recent 3, 5, 10, and 15-year returns, as they solely depict the returns for those respective periods leading up to the most recent date, without encompassing every date in the historical record.

Rolling return charts offer a more precise insight into a portfolio’s risk and return stability (including funds or individual stocks). This is particularly true when focusing on the minimal return points within a rolling return chart as a measure of a fund or a portfolio's risk. A well-known observation, often attributed to ‘Murphy’s law’, is that it tends to perform poorly when investors decide to follow an investment due to its recent strong returns. Sound familiar? Information regarding minimum rolling returns could help mitigate this predicament. Investors can opt for an investment showcasing high minimum rolling returns within their preferred holding durations. In fact, merely possessing knowledge of such minimum rolling period returns can anchor investors’ expectations.

For instance, let’s consider an investor who follows a model portfolio (or even simply purchases and holds a fund like VFINX or SPY) for 10 years. Armed with knowledge of this portfolio’s minimum 10-year rolling return since its inception date or the fund’s inception (in the case of VFINX, recognizing that the minimum 10-year rolling return since 1987 could be as low as -2.24%), the investor should reasonably anticipate the potential for the portfolio to incur losses over the forthcoming 10 years.

Minimum rolling return for a period such as 10-year offers a different and often better historical risk and return metric than other popular risk and return metrics such as Sharpe ratio, standard deviation (volatility) or maximum drawdown.

See Portfolio Calculator and Rolling Returns for more detailed description.

From 06/21/1996 to 10/20/2017, the worst annualized return of 3-year rolling returns for CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) is 0.03%.
From 06/21/1996 to 10/20/2017, the worst annualized return of 5-year rolling returns for CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) is 1.28%.
From 06/21/1996 to 10/20/2017, the worst annualized return of 10-year rolling returns for CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) is 3.7%.
From 06/21/1996 to 10/20/2017, the worst annualized return of 20-year rolling returns for CALIFORNIA LONG-TERM TAX-FREE FUND INVESTOR CLASS (BCLTX) is NA.

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