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Name

As of 10/10/2024

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

Columbia Short Duration Municipal Bond Fund

NSMMX | Fund

$10.18

$368 M

2.66%

$0.27

0.59%

Vitals

YTD Return

2.6%

1 yr return

5.3%

3 Yr Avg Return

0.9%

5 Yr Avg Return

1.0%

Net Assets

$368 M

Holdings in Top 10

15.8%

52 WEEK LOW AND HIGH

$10.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.59%

SALES FEES

Front Load 1.00%

Deferred Load N/A

TRADING FEES

Turnover 46.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/10/2024

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

Columbia Short Duration Municipal Bond Fund

NSMMX | Fund

$10.18

$368 M

2.66%

$0.27

0.59%

NSMMX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.02%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Columbia Short Duration Municipal Bond Fund
  • Fund Family Name
    Columbia
  • Inception Date
    Nov 02, 1993
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Catherine Stienstra

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in securities that pay interest exempt from U.S. federal income tax (but not necessarily the federal alternative minimum tax). The Fund may invest in securities of qualified issuers, including issuers located in U.S. territories, commonwealths and possessions, such as Guam, Puerto Rico and the U.S. Virgin Islands.The Fund may invest up to 20% of its net assets in securities that pay interest subject to taxation.The Fund generally invests in securities that, at the time of purchase, are rated investment grade or are unrated but determined to be of comparable quality.The Fund may from time to time emphasize investment exposure to one or more states in selecting its investments. As of its most recent fiscal year end, the Fund had an investment emphasis in New York municipal securities.
The Fund’s portfolio duration normally ranges from one to four years.
The Fund may enter into tender option bond (TOB) transactions and may invest in derivatives, such as floating rate municipal securities (floaters) and inverse floating rate municipal securities (inverse floaters) to add incremental income, futures (including interest rate and Treasury bond futures) to manage duration and hedge against changes in interest rates, and swaps, including Municipal Market Data Rate Locks (MMD Rate Locks) to manage duration and hedge against changes in interest rates. Inverse floaters provide the Fund with leveraged exposure to underlying municipal bonds whose interest payments vary inversely with changes in short-term tax-exempt interest rates.
Read More

NSMMX - Performance

Return Ranking - Trailing

Period NSMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -1.9% 24.7% 52.42%
1 Yr 5.3% 2.4% 34.3% 92.83%
3 Yr 0.9%* -9.9% 3.4% 9.72%
5 Yr 1.0%* -6.7% 1104.6% 36.01%
10 Yr 1.0%* -0.8% 248.9% 84.86%

* Annualized

Return Ranking - Calendar

Period NSMMX Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -1.4% 41.0% 87.29%
2022 -4.3% -39.7% 0.3% 6.07%
2021 -0.4% -5.6% 6.9% 45.79%
2020 0.5% -2.6% 310.0% 92.43%
2019 1.3% 0.0% 26.0% 95.57%

Total Return Ranking - Trailing

Period NSMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -1.9% 24.7% 52.42%
1 Yr 5.3% 2.4% 34.3% 92.83%
3 Yr 0.9%* -9.9% 3.4% 9.72%
5 Yr 1.0%* -6.7% 1104.6% 36.01%
10 Yr 1.0%* -0.8% 248.9% 84.86%

* Annualized

Total Return Ranking - Calendar

Period NSMMX Return Category Return Low Category Return High Rank in Category (%)
2023 3.7% -1.3% 41.0% 89.29%
2022 -3.2% -39.7% 1.1% 6.68%
2021 0.4% -4.8% 23761504.0% 78.40%
2020 1.8% -1.5% 17057.9% 90.83%
2019 3.0% 0.2% 3514.6% 93.93%

NAV & Total Return History

NSMMX - Holdings

Concentration Analysis

NSMMX Category Low Category High NSMMX % Rank
Net Assets 368 M 3.22 M 71.9 B 55.44%
Number of Holdings 183 4 13418 63.24%
Net Assets in Top 10 50.5 M -317 M 3.45 B 65.23%
Weighting of Top 10 15.75% 1.9% 100.1% 58.17%

Top 10 Holdings

  1. Oklahoma County Independent School District No 89 Oklahoma City 1.86%
  2. Board of Cooperative Educational Services of Second Supervisory District 1.73%
  3. City County of Denver CO Airport System Revenue 1.65%
  4. San Francisco City County Airport Comm-San Francisco International Airport 1.64%
  5. Port Authority of New York New Jersey 1.63%
  6. Chandler Industrial Development Authority 1.61%
  7. Board of Cooperative Educational Services for the Sole Supervisory District 1.57%
  8. Oklahoma Industries Authority 1.41%
  9. Port Authority of New York New Jersey 1.33%
  10. Illinois Finance Authority 1.33%

Asset Allocation

Weighting Return Low Return High NSMMX % Rank
Bonds 		99.67% 0.00% 150.86% 32.10%
Cash 		1.22% -50.86% 43.45% 43.73%
Stocks 		0.00% 0.00% 99.89% 83.16%
Preferred Stocks 		0.00% 0.00% 0.08% 80.36%
Other 		0.00% -3.72% 51.88% 77.37%
Convertible Bonds 		0.00% 0.00% 0.93% 80.28%

Bond Sector Breakdown

Weighting Return Low Return High NSMMX % Rank
Municipal 		94.60% 44.39% 100.00% 84.14%
Cash & Equivalents 		1.22% 0.00% 43.45% 24.22%
Corporate 		0.01% 0.00% 9.41% 18.99%
Derivative 		0.00% -3.72% 51.88% 76.18%
Securitized 		0.00% 0.00% 5.93% 80.88%
Government 		0.00% 0.00% 52.02% 82.28%

Bond Geographic Breakdown

Weighting Return Low Return High NSMMX % Rank
US 		99.67% 0.00% 142.23% 30.39%
Non US 		0.00% 0.00% 23.89% 82.61%

NSMMX - Expenses

Operational Fees

NSMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.01% 8.02% 70.25%
Management Fee 0.43% 0.00% 1.20% 50.40%
12b-1 Fee 0.25% 0.00% 1.00% 58.82%
Administrative Fee N/A 0.01% 0.44% 33.24%

Sales Fees

NSMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 1.00% 0.50% 4.75% 99.43%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

NSMMX 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.

NSMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 0.00% 283.00% 91.18%

NSMMX - Distributions

Dividend Yield Analysis

NSMMX Category Low Category High NSMMX % Rank
Dividend Yield 2.66% 0.00% 14.51% 81.37%

Dividend Distribution Analysis

NSMMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

NSMMX Category Low Category High NSMMX % Rank
Net Income Ratio 1.02% -0.53% 5.33% 86.17%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NSMMX - Fund Manager Analysis

Managers

Catherine Stienstra

Start Date

Tenure

Tenure Rank

Oct 01, 2012

9.67

9.7%

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

Apr 15, 2015

7.13

7.1%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.33 1.58

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