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Trending ETFs

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$19.66

$519 M

3.55%

$0.70

0.50%

Vitals

YTD Return

1.7%

1 yr return

4.9%

3 Yr Avg Return

-1.9%

5 Yr Avg Return

32.3%

Net Assets

$519 M

Holdings in Top 10

18.9%

52 WEEK LOW AND HIGH

$19.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$19.66

$519 M

3.55%

$0.70

0.50%

CMNYX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return 32.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.43%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Columbia Minnesota Tax-Exempt Fund
  • Fund Family Name
    Columbia Funds Complex
  • Inception Date
    Mar 01, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Catherine Stienstra

Fund Description

Under normal market circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in municipal obligations that are generally exempt from U.S. federal income tax as well as from Minnesota state and local income tax. These securities are issued by or on behalf of the State of Minnesota and its political subdivisions, agencies, authorities and instrumentalities, by other qualified issuers and by mutual funds that invest in such securities. Qualified issuers include issuers located in U.S. territories, commonwealths and possessions, such as Guam, Puerto Rico and the U.S. Virgin Islands. The Fund may invest more than 25% of its total assets in a particular segment of the municipal securities market, including the health care sector. The Fund may invest up to 20% of its net assets in securities that pay interest subject to taxation, including the federal alternative minimum tax. The Fund may invest up to 25% of its total assets in debt instruments that, at the time of purchase, are rated below investment grade or are unrated but determined to be of comparable quality (commonly referred to as “high-yield” investments or “junk” bonds).
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 invest in derivatives, such as futures (including interest rate futures and other bond futures), to manage interest rates and duration.
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.
Read More

CMNYX - Performance

Return Ranking - Trailing

Period CMNYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -2.9% 17.0% 10.59%
1 Yr 4.9% -1.4% 29.0% 22.76%
3 Yr -1.9%* -11.1% 2.9% 83.40%
5 Yr 32.3%* -6.3% 1102.2% 1.38%
10 Yr N/A* -0.6% 248.4% 33.40%

* Annualized

Return Ranking - Calendar

Period CMNYX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -1.4% 41.0% 77.26%
2022 -14.5% -39.7% 0.3% 85.47%
2021 -0.6% -5.6% 6.9% 54.52%
2020 307.3% -2.6% 310.0% 1.16%
2019 4.5% 0.0% 26.0% 25.91%

Total Return Ranking - Trailing

Period CMNYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -2.9% 17.0% 10.59%
1 Yr 4.9% -1.4% 29.0% 22.76%
3 Yr -1.9%* -11.1% 2.9% 83.40%
5 Yr 32.3%* -6.3% 1102.2% 1.38%
10 Yr N/A* -0.6% 248.4% 32.54%

* Annualized

Total Return Ranking - Calendar

Period CMNYX Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% -1.3% 41.0% 51.01%
2022 -11.8% -39.7% 1.1% 84.02%
2021 1.9% -4.8% 23761504.0% 41.76%
2020 313.6% -1.5% 17057.9% 1.63%
2019 8.0% 0.2% 3514.6% 13.90%

NAV & Total Return History


CMNYX - Holdings

Concentration Analysis

CMNYX Category Low Category High CMNYX % Rank
Net Assets 519 M 3.22 M 71.9 B 45.45%
Number of Holdings 279 2 13067 42.11%
Net Assets in Top 10 100 M -317 M 3.56 B 43.34%
Weighting of Top 10 18.91% 2.0% 100.2% 46.94%

Top 10 Holdings

  1. City of Rochester MN 2.67%
  2. BlackRock Liquidity Funds MuniCash 2.43%
  3. Housing Redevelopment Authority of The City of St Paul Minnesota 2.01%
  4. Roseville Independent School District No 623 1.93%
  5. Brainerd Independent School District No 181 1.90%
  6. City of Maple Grove MN 1.89%
  7. Southern Minnesota Municipal Power Agency 1.76%
  8. Minnesota Higher Education Facilities Authority 1.56%
  9. County of Chippewa MN 1.40%
  10. State of Minnesota 1.36%

Asset Allocation

Weighting Return Low Return High CMNYX % Rank
Bonds
100.09% 0.00% 150.86% 15.00%
Cash
2.43% -50.86% 46.80% 29.11%
Stocks
0.00% 0.00% 99.81% 56.88%
Preferred Stocks
0.00% 0.00% 0.56% 50.75%
Other
0.00% -3.18% 33.35% 53.93%
Convertible Bonds
0.00% 0.00% 0.93% 50.75%

Bond Sector Breakdown

Weighting Return Low Return High CMNYX % Rank
Municipal
99.97% 44.39% 100.00% 12.13%
Cash & Equivalents
2.43% 0.00% 46.24% 19.56%
Corporate
0.03% 0.00% 9.41% 17.22%
Derivative
0.00% -3.18% 19.67% 51.59%
Securitized
0.00% 0.00% 5.93% 51.60%
Government
0.00% 0.00% 52.02% 54.79%

Bond Geographic Breakdown

Weighting Return Low Return High CMNYX % Rank
US
100.09% 0.00% 142.23% 14.17%
Non US
0.00% 0.00% 23.89% 52.96%

CMNYX - Expenses

Operational Fees

CMNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.01% 20.65% 83.49%
Management Fee 0.46% 0.00% 1.20% 68.31%
12b-1 Fee 0.00% 0.00% 1.00% 8.85%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

CMNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

CMNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CMNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 283.00% 11.17%

CMNYX - Distributions

Dividend Yield Analysis

CMNYX Category Low Category High CMNYX % Rank
Dividend Yield 3.55% 0.00% 14.51% 15.71%

Dividend Distribution Analysis

CMNYX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

CMNYX Category Low Category High CMNYX % Rank
Net Income Ratio 2.43% -0.53% 5.33% 21.89%

Capital Gain Distribution Analysis

CMNYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

CMNYX - Fund Manager Analysis

Managers

Catherine Stienstra


Start Date

Tenure

Tenure Rank

Aug 31, 2007

14.76

14.8%

Director and Senior Portfolio Manager of the Columbia Management Investment Advisers, LLC; associated with the Columbia Management Investment Advisers, LLC as an investment professional since 2007. Sector Leader of the Adviser’s Municipal Bond Team from 2007 to 2010. Prior to 2007, Ms. Stienstra was employed by FAF Advisors, Inc. (formerly USBancorp Asset Management) from 1998 to 2007, where she was a Director and Senior Portfolio Manager. Ms. Stienstra began her investment career in 1988 and earned a B.A. from the University of Nebraska.

Anders Myhran


Start Date

Tenure

Tenure Rank

Oct 01, 2016

5.67

5.7%

Mr. Myhran joined the Investment Manager in 1992. Mr. Myhran began his investment career in 1992 and earned a B.A. in business with majors in finance and quantitative analysis from the University of Wisconsin.

Douglas White


Start Date

Tenure

Tenure Rank

Dec 03, 2018

3.49

3.5%

Mr. White joined Columbia Management Investment Advisers, LLC in 2018 as a senior portfolio manager. Prior to joining Columbia, Mr. White was a portfolio manager at Nuveen Asset Management, LLC (Nuveen Asset Management) since 2011 in connection with Nuveen Asset Management’s acquisition of a portion of the asset management business of FAF Advisors, Inc. Mr. White began his investment career in 1983 and earned a B.A. from Carleton College and an M.B.A. from the University of Minnesota, Carlson School of Management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58