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Trending ETFs

Name

As of 03/26/2024

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

$14.64

$1.74 B

3.81%

$0.56

0.55%

Vitals

YTD Return

0.5%

1 yr return

5.8%

3 Yr Avg Return

-1.4%

5 Yr Avg Return

33.6%

Net Assets

$1.74 B

Holdings in Top 10

12.1%

52 WEEK LOW AND HIGH

$14.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 14.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

$14.64

$1.74 B

3.81%

$0.56

0.55%

CADNX - Profile

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return 33.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.47%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Columbia Strategic Municipal Income Fund
  • Fund Family Name
    Columbia Funds Complex
  • Inception Date
    Dec 11, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Catherine Stienstra

Fund Description

Under normal market conditions, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in bonds and other debt obligations issued by or on behalf of state or local governmental units whose interest is exempt from federal income tax. The Fund may invest broadly in municipal bond obligations of any duration, maturity and credit quality, including below investment grade (junk) bonds. The Fund may invest up to 20% of its net assets in securities, the income on which is subject to federal income tax and may invest without limit in debt instruments the income on which is subject to the federal alternative minimum tax. The Fund may also invest in securities of other 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 in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity. A bond is issued with a specific maturity date, which is the date when the issuer must pay back the bond’s principal (face value). Bond maturities range from less than 1 year to more than 30 years. Typically, the longer a bond’s maturity, the more price risk the Fund and the Fund’s investors face as interest rates rise, but the Fund could receive a higher yield in return for that longer maturity and higher interest rate risk.
The Fund may invest in securities of other open-end or closed-end investment companies, including exchange-traded funds and municipal bond money market funds, that invest primarily in the types of debt instruments in which the Fund may invest directly. Given the flexible investment approach of the Fund, its maturity, duration, credit quality and sector allocations may fluctuate in order to achieve its investment objective.
The Fund may invest in derivatives, such as futures (including interest rate futures and other bond futures) to manage interest rates and duration, and inverse floaters to add incremental income.
Read More

CADNX - Performance

Return Ranking - Trailing

Period CADNX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -2.7% 12.2% 13.18%
1 Yr 5.8% -3.0% 38.5% 3.81%
3 Yr -1.4%* -10.3% 3.3% 78.85%
5 Yr 33.6%* -5.7% 1102.9% 0.35%
10 Yr 18.3%* -0.2% 248.3% 0.27%

* Annualized

Return Ranking - Calendar

Period CADNX Return Category Return Low Category Return High Rank in Category (%)
2023 4.5% -1.4% 41.0% 6.15%
2022 -16.8% -39.7% 0.3% 94.22%
2021 0.2% -5.6% 6.9% 22.22%
2020 310.0% -2.6% 310.0% 0.07%
2019 5.1% 0.0% 26.0% 11.44%

Total Return Ranking - Trailing

Period CADNX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -2.7% 12.2% 13.18%
1 Yr 5.8% -3.0% 38.5% 3.81%
3 Yr -1.4%* -10.3% 3.3% 78.85%
5 Yr 33.6%* -5.7% 1102.9% 0.35%
10 Yr 18.3%* -0.2% 248.3% 0.27%

* Annualized

Total Return Ranking - Calendar

Period CADNX Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% -1.3% 41.0% 1.94%
2022 -14.0% -39.7% 1.1% 93.43%
2021 3.0% -4.8% 23761504.0% 16.60%
2020 322.2% -1.5% 17057.9% 0.14%
2019 9.2% 0.2% 3514.6% 5.55%

NAV & Total Return History


CADNX - Holdings

Concentration Analysis

CADNX Category Low Category High CADNX % Rank
Net Assets 1.74 B 3.48 M 68.1 B 20.44%
Number of Holdings 532 2 12848 24.16%
Net Assets in Top 10 209 M -317 M 3.4 B 23.13%
Weighting of Top 10 12.05% 1.9% 100.4% 78.21%

Top 10 Holdings

  1. Buckeye Tobacco Settlement Financing Authority 1.77%
  2. PR SALES TAX RESTRUCTURED COFINA 1.54%
  3. State of Michigan Trunk Line Revenue 1.31%
  4. Chicago O'Hare International Airport 1.22%
  5. Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 1.18%
  6. Texas Private Activity Bond Surface Transportation Corp 1.17%
  7. New Jersey Economic Development Authority 1.00%
  8. South Carolina Public Service Authority 0.98%
  9. County of Fairfax VA 0.95%
  10. Colorado Health Facilities Authority 0.94%

Asset Allocation

Weighting Return Low Return High CADNX % Rank
Bonds
100.34% 0.00% 150.86% 19.06%
Cash
0.01% -50.86% 50.09% 82.47%
Stocks
0.00% 0.00% 99.80% 65.49%
Preferred Stocks
0.00% 0.00% 0.52% 84.41%
Other
0.00% -8.54% 33.35% 79.77%
Convertible Bonds
0.00% 0.00% 0.93% 84.41%

Bond Sector Breakdown

Weighting Return Low Return High CADNX % Rank
Municipal
99.98% 44.39% 100.00% 11.25%
Corporate
0.02% 0.00% 9.41% 18.24%
Cash & Equivalents
0.01% 0.00% 48.02% 54.77%
Derivative
0.00% -8.54% 23.38% 78.41%
Securitized
0.00% 0.00% 5.93% 84.48%
Government
0.00% 0.00% 52.02% 85.64%

Bond Geographic Breakdown

Weighting Return Low Return High CADNX % Rank
US
100.34% 0.00% 142.23% 17.27%
Non US
0.00% 0.00% 23.89% 64.88%

CADNX - Expenses

Operational Fees

CADNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.01% 20.65% 76.13%
Management Fee 0.46% 0.00% 1.20% 67.87%
12b-1 Fee 0.00% 0.00% 1.00% 10.69%
Administrative Fee N/A 0.01% 0.44% 33.09%

Sales Fees

CADNX 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

CADNX 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.

CADNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 283.00% 40.36%

CADNX - Distributions

Dividend Yield Analysis

CADNX Category Low Category High CADNX % Rank
Dividend Yield 3.81% 0.00% 14.36% 6.89%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CADNX Category Low Category High CADNX % Rank
Net Income Ratio 2.47% -0.53% 5.33% 19.90%

Capital Gain Distribution Analysis

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

Distributions History

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CADNX - 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.

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