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NVABX Columbia AMT-Free VA Interm MuniBd Inst

  • Fund
  • NVABX
  • Price as of: Jul 20, 2018
  • $10.50
  • - $0.00
  • - 0.00%
  • Category
  • Single State Municipal Bonds

NVABX - Profile

Vitals

  • YTD Return -1.8%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 2.3%
  • Net Assets $161 M
  • Holdings in Top 10 26.4%

52 WEEK LOW AND HIGH

$10.50
$10.41
$10.90

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

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

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Interm

Distributions

  • YTD Total Return -1.8%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.76%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Columbia AMT-Free Virginia Intermediate Muni Bond Fund
  • Fund Family Name Columbia
  • Inception Date Sep 20, 1989
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Paul F. Fuchs

Fund Description

The fund invests at least 80% of its net assets in securities that pay interest exempt from U.S. federal income tax and Virginia individual income tax. These securities are issued by or on behalf of the Commonwealth of Virginia and its political subdivisions, agencies, authorities and instrumentalities, by other qualified issuers and by funds that invest in such securities. The fund may invest up to 20% of its net assets in securities that pay interest subject to taxation.

NVABX - Performance

Return Ranking - Trailing

Period NVABX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.8% -100.0% 9.6% 52.14% 4
1 Yr 0.0% -13.2% 11.9% 81.84% 5
3 Yr 1.6% * -2.8% 8.2% 72.97% 4
5 Yr 2.3% * -2.7% 7.3% 67.01% 4
10 Yr 3.3% * 0.1% 6.8% 61.05% 4

* Annualized


Return Ranking - Calendar

Period NVABX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.1% -12.8% 6.8% 53.68% 4
2016 -3.3% -4.9% 7.9% 58.44% 4
2015 -1.1% -7.9% 7.4% 54.35% 5
2014 2.9% -9.5% 15.6% 62.21% 4
2013 -5.6% -20.2% 7.4% 21.60% 2

Total Return Ranking - Trailing

Period NVABX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.8% -100.0% 9.6% 51.27% 4
1 Yr 0.0% -17.4% 8.6% 45.31% 3
3 Yr 1.6% * -3.7% 8.2% 52.85% 3
5 Yr 2.3% * -3.0% 7.3% 56.92% 3
10 Yr 3.3% * 0.1% 6.8% 53.79% 3

* Annualized


Total Return Ranking - Calendar

Period NVABX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.1% -12.8% 6.8% 53.58% 4
2016 -3.3% -4.9% 7.6% 59.36% 4
2015 -0.8% -7.9% 8.0% 53.31% 4
2014 3.0% -9.5% 17.8% 64.35% 5
2013 -5.1% -20.2% 7.4% 19.40% 2

NAV & Total Return History

NVABX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

NVABX Category Low Category High NVABX % Rank Quintile
Net Assets 161 M 2.11 M 18.4 B 22.48% 3
Number of Holdings 91 16 4174 17.83% 4
Net Assets in Top 10 43.6 M 203 K 2.71 B 18.90% 3
Weighting of Top 10 26.4% 2.8% 73.5% 14.44% 2

Top 10 Holdings

  1. VIRGINIA ST RES AUTH 5.5% 4.51%
  2. CHESAPEAKE BAY BRDG & TUNL COMMN VA DIST 5.5% 2.89%
  3. SMYTH CNTY VA 5% 2.73%
  4. FREDERICKSBURG VA ECONOMIC DEV AUTH 5.25% 2.62%
  5. METROPOLITAN WASH D C ARPTS AUTH 0% 2.55%
  6. VIRGINIA ST RES AUTH 5.5% 2.37%
  7. ROANOKE VA ECONOMIC DEV AUTH 5% 2.29%
  8. VIRGINIA COLLEGE BLDG AUTH VA 5.25% 2.18%
  9. LOUDOUN CNTY VA ECONOMIC DEV AUTH 5% 2.18%
  10. VIRGINIA COMWLTH TRANSN BRD 5% 2.07%

Asset Allocation

Weighting Category Low Category High NVABX % Rank Quintile
Bonds
100.00% -0.86% 104.82% 3.68% 1
Stocks
0.00% 0.00% 1.87% 0.58% 2
Preferred Stocks
0.00% 0.00% 0.00% 0.10% 2
Other
0.00% -3.93% 33.35% 6.49% 3
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 2
Cash
0.00% -4.82% 99.63% 20.64% 4

Bond Sector Breakdown

Weighting Category Low Category High NVABX % Rank Quintile
Municipal
100.00% 0.00% 111.31% 4.26% 1
Derivative
0.00% -5.47% 0.00% 0.10% 2
Cash & Equivalents
0.00% -4.82% 99.63% 19.96% 4
Securitized
0.00% 0.00% 0.00% 0.10% 2
Corporate
0.00% 0.00% 5.14% 2.62% 2
Government
0.00% -13.55% 4.44% 1.26% 2

Bond Geographic Breakdown

Weighting Category Low Category High NVABX % Rank Quintile
US
99.57% -0.86% 104.82% 4.26% 1
Non US
0.43% 0.00% 45.96% 16.67% 3

NVABX - Expenses

Operational Fees

NVABX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.65% 0.09% 5.19% 14.35% 1
Management Fee 0.47% 0.00% 1.30% 1.74% 3
12b-1 Fee 0.00% 0.00% 1.00% 3.69% 1
Administrative Fee 0.07% 0.00% 0.33% 4.03% 1

Sales Fees

NVABX Fees (% of AUM) Category Low Category High NVABX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

NVABX Fees (% of AUM) Category Low Category High NVABX Rank Quintile
Max Redemption Fee N/A 0.50% 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.

NVABX Fees (% of AUM) Category Low Category High NVABX Rank Quintile
Turnover 14.00% 0.00% 157.00% 8.40% 2

NVABX - Distributions

Dividend Yield Analysis

NVABX Category Low Category High NVABX % Rank Quintile
Dividend Yield 0.3% 0.00% 0.99% 17.37% 3

Dividend Distribution Analysis

NVABX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

NVABX Category Low Category High NVABX % Rank Quintile
Net Income Ratio 2.76% 0.00% 6.13% 13.29% 3

Capital Gain Distribution Analysis

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

NVABX - Managers

Paul F. Fuchs

Manager

Start Date

Sep 01, 2016

Tenure

1.83

Tenure Rank

13.0%

Paul F. Fuchs, CFA, Co-manager and Portfolio Manager of the Adviser,Columbia Management Investment Advisers, LLC. From 1999 until joining the Adviser in May 2010, Mr. Fuchs was associated with the Fund’s previous investment adviser as an investment professional. Mr. Fuchs began his investment career in 1994 and earned a B.S. in finance from the University of Massachusetts and an M.B.A. from Suffolk University.


Deborah B. Vargo

Manager

Start Date

Dec 29, 2017

Tenure

0.5

Tenure Rank

14.0%

Deborah (“Deb”) B. Vargo Senior Portfolio Manager, Municipal Bonds Deb Vargo is a senior municipal fixed income portfolio manager for Columbia Threadneedle Investments. In this role, she manages portfolios for high-net-worth clients. Ms. Vargo joined one of the Columbia Threadneedle Investments legacy firms in 2007. Previously, Ms. Vargo worked as a senior vice president for U.S. Trust, responsible for strategy and trading for all tax-exempt fixed income for New England. In addition, she managed several high-net-worth accounts and a short-intermediate term tax-exempt common trust fund. Prior to that, she was in the institutional fixed-income department at State Street Global Advisors where she was responsible for strategy and management of all tax-exempt portfolios. She has been dedicated to this asset class for more than 30 years. In addition, she worked at Tucker, Anthony & R.L. Day. She has been a member of the investment community since 1984. Ms. Vargo received a B.S. from Boston University.


Tenure Analysis

Category Low

0.0

Category High

38.8

Category Average

9.67

Category Mode

3.5