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CTEZX Columbia Tax-Exempt Inst

  • Fund
  • CTEZX
  • Price as of: Oct 16, 2018
  • $13.07
  • - $0.01
  • - 0.08%
  • Category
  • National Munis

CTEZX - Profile

Vitals

  • YTD Return -4.2%
  • 3 Yr Annualized Return 2.5%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $3.44 B
  • Holdings in Top 10 9.8%

52 WEEK LOW AND HIGH

$13.07
$13.06
$13.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return -4.2%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.13%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Columbia Tax-Exempt Fund
  • Fund Family Name Columbia
  • Inception Date Sep 16, 2005
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Kimberly Campbell

Fund Description

Under normal circumstances, the fund invests at least 80% of its total net assets (including the amount of any borrowings for investment purposes) in bonds that pay interest exempt from federal income tax (including the federal alternative minimum tax). It invests at least 65% of its total assets in tax-exempt bonds that, at the time of purchase, are rated investment grade or are unrated but determined to be of comparable quality. The fund may invest in bonds of any maturity.

CTEZX - Performance

Return Ranking - Trailing

Period CTEZX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -4.2% -13.2% 99.4% 65.86% 5
1 Yr 1.2% -5.8% 10.7% 15.31% 1
3 Yr 2.5% * -4.5% 7.0% 18.38% 1
5 Yr 4.2% * -0.5% 5.8% 13.71% 1
10 Yr 5.2% * -0.1% 7.3% 9.79% 1

* Annualized


Return Ranking - Calendar

Period CTEZX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.1% -5.3% 5.6% 22.80% 2
2016 -4.4% -8.5% 7.3% 66.32% 5
2015 -0.6% -10.9% 8.8% 45.64% 4
2014 6.3% -10.3% 12.0% 17.16% 2
2013 -7.3% -11.9% 8.7% 58.54% 5

Total Return Ranking - Trailing

Period CTEZX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -4.2% -13.2% 99.4% 65.53% 5
1 Yr 1.2% -8.9% 8.9% 10.59% 1
3 Yr 2.5% * -5.4% 7.0% 14.43% 1
5 Yr 4.2% * -1.3% 5.8% 9.49% 1
10 Yr 5.2% * -0.1% 7.3% 8.13% 1

* Annualized


Total Return Ranking - Calendar

Period CTEZX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.1% -5.3% 5.6% 22.80% 2
2016 -4.4% -8.2% 7.3% 69.06% 5
2015 -0.6% -9.7% 9.3% 57.78% 5
2014 6.3% -10.3% 17.0% 21.72% 2
2013 -7.3% -11.9% 8.9% 61.61% 5

NAV & Total Return History

CTEZX - Holdings

Filings data as of: Jun 30, 2018

Concentration Analysis

CTEZX Category Low Category High CTEZX % Rank Quintile
Net Assets 3.44 B 491 K 58.9 B 7.09% 1
Number of Holdings 621 1 7784 10.00% 2
Net Assets in Top 10 349 M -281 M 1.62 B 5.65% 1
Weighting of Top 10 9.8% 0.0% 100.0% 26.94% 4

Top 10 Holdings

  1. ILLINOIS FIN AUTH 0% 1.84%
  2. ILLINOIS FIN AUTH 6.88% 1.20%
  3. CALIFORNIA ST 5.75% 0.95%
  4. PENNSYLVANIA ECONOMIC DEV FING AUTH 5% 0.92%
  5. UNIVERSITY KANS HOSP AUTH 5% 0.92%
  6. PENNSYLVANIA ECONOMIC DEV FING AUTH 4% 0.86%
  7. CHICAGO ILL 5% 0.81%
  8. PENNSYLVANIA ST TPK COMMN 5.25% 0.80%
  9. LOWER ALA GAS DIST ALA 5% 0.77%
  10. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN 5% 0.75%

Asset Allocation

Weighting Category Low Category High CTEZX % Rank Quintile
Bonds
99.99% 0.00% 202.21% 2.25% 1
Cash
0.01% -110.85% 100.00% 30.00% 5
Stocks
0.00% 0.00% 0.32% 0.97% 5
Preferred Stocks
0.00% 0.00% 10.25% 0.81% 5
Other
0.00% -2.77% 28.44% 5.32% 5
Convertible Bonds
0.00% 0.00% 2.31% 0.97% 5

Bond Sector Breakdown

Weighting Category Low Category High CTEZX % Rank Quintile
Municipal
99.99% 0.00% 119.70% 2.26% 1
Corporate
0.01% 0.00% 39.39% 4.84% 1
Derivative
0.00% -5.91% 0.85% 0.65% 5
Cash & Equivalents
0.00% -110.85% 100.00% 29.52% 5
Securitized
0.00% 0.00% 39.64% 2.42% 5
Government
0.00% -20.76% 117.34% 5.48% 5

Bond Geographic Breakdown

Weighting Category Low Category High CTEZX % Rank Quintile
US
99.71% 0.00% 202.21% 4.19% 1
Non US
0.28% 0.00% 20.91% 9.52% 2

CTEZX - Expenses

Operational Fees

CTEZX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.52% 0.08% 4.60% 20.93% 1
Management Fee 0.43% 0.00% 0.65% 2.58% 4
12b-1 Fee 0.00% 0.00% 1.00% 6.36% 1
Administrative Fee 0.07% 0.00% 0.35% 5.90% 2

Sales Fees

CTEZX Fees (% of AUM) Category Low Category High CTEZX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

CTEZX Fees (% of AUM) Category Low Category High CTEZX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

CTEZX Fees (% of AUM) Category Low Category High CTEZX Rank Quintile
Turnover 17.00% 0.00% 504.54% 15.14% 2

CTEZX - Distributions

Dividend Yield Analysis

CTEZX Category Low Category High CTEZX % Rank Quintile
Dividend Yield 0.5% 0.00% 1.01% 2.11% 1

Dividend Distribution Analysis

CTEZX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

CTEZX Category Low Category High CTEZX % Rank Quintile
Net Income Ratio 4.13% 0.01% 5.26% 1.77% 1

Capital Gain Distribution Analysis

CTEZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

CTEZX - Managers

Kimberly Campbell

Manager

Start Date

Jan 31, 2002

Tenure

16.67

Tenure Rank

3.8%

Ms. Campbell is a Director of Columbia Management. She associated with the firm or its predecessors as an investment professional since 1995. Ms. Campbell began her investment career in 1980 and earned a B.A. from Smith College.


Catherine M. Stienstra

Manager

Start Date

May 01, 2018

Tenure

0.42

Tenure Rank

20.6%

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.


Tenure Analysis

Category Low

0.0

Category High

39.0

Category Average

7.96

Category Mode

3.8