Columbia Minnesota Tax-Exempt Fund
Fund
IMNTX
Price as of:
$19.99
- $0.10
- 0.50%
Primary Theme
fund company
Name
As of 10/04/2024Price
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
Vitals
YTD Return
4.4%
1 yr return
14.4%
3 Yr Avg Return
-1.0%
5 Yr Avg Return
32.1%
Net Assets
$525 M
Holdings in Top 10
18.1%
52 WEEK LOW AND HIGH
$20.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load 3.00%
Deferred Load N/A
TRADING FEES
Turnover 7.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
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
IMNTX - Profile
Distributions
- YTD Total Return 4.4%
- 3 Yr Annualized Total Return -1.0%
- 5 Yr Annualized Total Return 32.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.15%
- Dividend Yield 3.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameColumbia Minnesota Tax-Exempt Fund
-
Fund Family NameColumbia Funds Complex
-
Inception DateAug 18, 1986
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCatherine 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.
IMNTX - Performance
Return Ranking - Trailing
| Period | IMNTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.4% | -1.9% | 26.5% | 7.03% |
| 1 Yr | 14.4% | 2.4% | 37.3% | 8.89% |
| 3 Yr | -1.0%* | -9.9% | 3.4% | 85.01% |
| 5 Yr | 32.1%* | -6.7% | 1104.9% | 1.75% |
| 10 Yr | 16.9%* | -0.8% | 248.9% | 1.63% |
* Annualized
Return Ranking - Calendar
| Period | IMNTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.9% | -1.4% | 41.0% | 77.71% |
| 2022 | -14.5% | -39.7% | 0.3% | 85.29% |
| 2021 | -0.6% | -5.6% | 6.9% | 51.83% |
| 2020 | 307.7% | -2.6% | 310.0% | 0.90% |
| 2019 | 4.3% | 0.0% | 26.0% | 31.26% |
Total Return Ranking - Trailing
| Period | IMNTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.4% | -1.9% | 26.5% | 7.03% |
| 1 Yr | 14.4% | 2.4% | 37.3% | 8.89% |
| 3 Yr | -1.0%* | -9.9% | 3.4% | 85.01% |
| 5 Yr | 32.1%* | -6.7% | 1104.9% | 1.75% |
| 10 Yr | 16.9%* | -0.8% | 248.9% | 1.63% |
* Annualized
Total Return Ranking - Calendar
| Period | IMNTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.3% | -1.3% | 41.0% | 59.55% |
| 2022 | -12.1% | -39.7% | 1.1% | 85.70% |
| 2021 | 1.7% | -4.8% | 23761504.0% | 48.51% |
| 2020 | 315.1% | -1.5% | 17057.9% | 1.46% |
| 2019 | 7.5% | 0.2% | 3514.6% | 22.48% |
NAV & Total Return History
IMNTX - Holdings
Concentration Analysis
| IMNTX | Category Low | Category High | IMNTX % Rank | |
|---|---|---|---|---|
| Net Assets | 525 M | 3.22 M | 71.9 B | 46.15% |
| Number of Holdings | 269 | 4 | 13418 | 44.06% |
| Net Assets in Top 10 | 93.8 M | -317 M | 3.45 B | 46.45% |
| Weighting of Top 10 | 18.07% | 1.9% | 100.1% | 48.61% |
Top 10 Holdings
- City of Rochester MN 2.69%
- Housing Redevelopment Authority of The City of St Paul Minnesota 2.03%
- Roseville Independent School District No 623 1.95%
- City of Maple Grove MN 1.91%
- Brainerd Independent School District No 181 1.91%
- Southern Minnesota Municipal Power Agency 1.82%
- Minnesota Higher Education Facilities Authority 1.59%
- County of Chippewa MN 1.43%
- State of Minnesota 1.37%
- Stillwater Independent School District No 834 1.36%
Asset Allocation
| Weighting | Return Low | Return High | IMNTX % Rank | |
|---|---|---|---|---|
| Bonds | 99.09% | 0.00% | 150.86% | 45.82% |
| Cash | 0.91% | -50.86% | 43.45% | 53.82% |
| Stocks | 0.00% | 0.00% | 99.89% | 24.54% |
| Preferred Stocks | 0.00% | 0.00% | 0.08% | 12.67% |
| Other | 0.00% | -3.72% | 51.88% | 23.62% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 11.46% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | IMNTX % Rank | |
|---|---|---|---|---|
| Municipal | 99.97% | 44.39% | 100.00% | 11.53% |
| Cash & Equivalents | 0.83% | 0.00% | 43.45% | 29.60% |
| Corporate | 0.03% | 0.00% | 9.41% | 16.59% |
| Derivative | 0.00% | -3.72% | 51.88% | 19.91% |
| Securitized | 0.00% | 0.00% | 5.93% | 12.72% |
| Government | 0.00% | 0.00% | 52.02% | 18.12% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | IMNTX % Rank | |
|---|---|---|---|---|
| US | 99.09% | 0.00% | 142.23% | 43.80% |
| Non US | 0.00% | 0.00% | 23.89% | 17.12% |
IMNTX - Expenses
Operational Fees
| IMNTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.80% | 0.01% | 8.02% | 42.43% |
| Management Fee | 0.46% | 0.00% | 1.20% | 65.92% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 38.54% |
| Administrative Fee | N/A | 0.01% | 0.44% | 31.72% |
Sales Fees
| IMNTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 3.00% | 0.50% | 4.75% | 64.18% |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| IMNTX 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.
| IMNTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 7.00% | 0.00% | 283.00% | 10.34% |
IMNTX - Distributions
Dividend Yield Analysis
| IMNTX | Category Low | Category High | IMNTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.97% | 0.00% | 14.51% | 32.23% |
Dividend Distribution Analysis
| IMNTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| IMNTX | Category Low | Category High | IMNTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.15% | -0.53% | 5.33% | 39.09% |
Capital Gain Distribution Analysis
| IMNTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.050 | OrdinaryDividend |
| Aug 30, 2024 | $0.051 | OrdinaryDividend |
| Jul 31, 2024 | $0.050 | OrdinaryDividend |
| Apr 30, 2024 | $0.052 | OrdinaryDividend |
| Mar 28, 2024 | $0.053 | OrdinaryDividend |
| Feb 29, 2024 | $0.050 | OrdinaryDividend |
| Jan 31, 2024 | $0.052 | OrdinaryDividend |
| Dec 29, 2023 | $0.052 | OrdinaryDividend |
| Nov 30, 2023 | $0.050 | OrdinaryDividend |
| Oct 31, 2023 | $0.051 | OrdinaryDividend |
| Sep 29, 2023 | $0.048 | OrdinaryDividend |
| Aug 31, 2023 | $0.049 | OrdinaryDividend |
| Jul 31, 2023 | $0.053 | OrdinaryDividend |
| Jun 30, 2023 | $0.048 | OrdinaryDividend |
| May 31, 2023 | $0.049 | OrdinaryDividend |
| Apr 28, 2023 | $0.047 | OrdinaryDividend |
| Mar 31, 2023 | $0.049 | OrdinaryDividend |
| Feb 28, 2023 | $0.043 | OrdinaryDividend |
| Jan 31, 2023 | $0.047 | OrdinaryDividend |
| Dec 30, 2022 | $0.050 | OrdinaryDividend |
| Nov 30, 2022 | $0.049 | OrdinaryDividend |
| Oct 31, 2022 | $0.047 | OrdinaryDividend |
| Sep 30, 2022 | $0.045 | OrdinaryDividend |
| Aug 31, 2022 | $0.046 | OrdinaryDividend |
| Jul 29, 2022 | $0.048 | OrdinaryDividend |
| Jun 30, 2022 | $0.045 | OrdinaryDividend |
| May 31, 2022 | $0.045 | OrdinaryDividend |
| Apr 29, 2022 | $0.042 | OrdinaryDividend |
| Mar 31, 2022 | $0.041 | OrdinaryDividend |
| Feb 28, 2022 | $0.034 | OrdinaryDividend |
| Jan 31, 2022 | $0.038 | OrdinaryDividend |
| Dec 31, 2021 | $0.039 | OrdinaryDividend |
| Dec 03, 2021 | $0.037 | CapitalGainShortTerm |
| Dec 03, 2021 | $0.002 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.038 | OrdinaryDividend |
| Oct 29, 2021 | $0.039 | OrdinaryDividend |
| Sep 30, 2021 | $0.036 | OrdinaryDividend |
| Aug 31, 2021 | $0.038 | OrdinaryDividend |
| Jun 30, 2021 | $0.038 | OrdinaryDividend |
| May 28, 2021 | $0.039 | OrdinaryDividend |
| Apr 30, 2021 | $0.038 | OrdinaryDividend |
| Mar 31, 2021 | $0.039 | OrdinaryDividend |
| Feb 26, 2021 | $0.037 | OrdinaryDividend |
| Jan 29, 2021 | $0.041 | OrdinaryDividend |
| Dec 31, 2020 | $0.042 | OrdinaryDividend |
| Dec 02, 2020 | $0.012 | CapitalGainShortTerm |
| Dec 02, 2020 | $0.002 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.042 | OrdinaryDividend |
| Oct 30, 2020 | $0.045 | OrdinaryDividend |
| Sep 30, 2020 | $0.030 | OrdinaryDividend |
| Jul 31, 2020 | $0.011 | OrdinaryDividend |
| Jun 30, 2020 | $0.011 | OrdinaryDividend |
| Apr 30, 2020 | $0.011 | OrdinaryDividend |
| Mar 31, 2020 | $0.012 | OrdinaryDividend |
| Dec 31, 2019 | $0.011 | OrdinaryDividend |
| Nov 29, 2019 | $0.012 | OrdinaryDividend |
| Oct 31, 2019 | $0.013 | OrdinaryDividend |
| Sep 30, 2019 | $0.012 | OrdinaryDividend |
| Aug 30, 2019 | $0.013 | OrdinaryDividend |
| Jul 31, 2019 | $0.013 | OrdinaryDividend |
| Nov 30, 2017 | $0.024 | CapitalGainLongTerm |
| Nov 30, 2016 | $0.017 | CapitalGainLongTerm |
| Dec 03, 2013 | $0.013 | CapitalGainLongTerm |
| Nov 30, 2012 | $0.003 | CapitalGainShortTerm |
| Nov 30, 2012 | $0.005 | CapitalGainLongTerm |
| Nov 30, 2011 | $0.005 | CapitalGainShortTerm |
| Nov 30, 2011 | $0.034 | CapitalGainLongTerm |
IMNTX - 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 | 7.33 | 1.58 |