CADNX: Columbia Strategic Municipal Income Fund - MutualFunds.com

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Columbia Strategic Municipal Inc Inst2

CADNX - Snapshot

Vitals

  • YTD Return 297.8%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 4.4%
  • Net Assets $2.42 B
  • Holdings in Top 10 9.2%

52 WEEK LOW AND HIGH

$16.39
$3.63
$16.54

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.54%

SALES FEES

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

BROKERAGE FEES

  • Turnover 32.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Compare CADNX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.64

0.00%

$78.20 B

0.00%

$0.00

1.17%

0.17%

$11.21

0.00%

$32.33 B

0.00%

$0.00

1.17%

0.17%

$13.39

+0.08%

$24.21 B

0.00%

$0.00

0.45%

0.52%

$15.93

0.00%

$19.35 B

0.00%

$0.00

0.50%

0.17%

$115.27

-0.13%

$17.86 B

-

-

1.11%

0.07%

CADNX - Profile

Distributions

  • YTD Total Return 297.8%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.91%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Columbia Strategic Municipal Income Fund
  • Fund Family Name
    Columbia
  • Inception Date
    Dec 11, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • 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. It 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.


CADNX - Performance

Return Ranking - Trailing

Period CADNX Return Category Return Low Category Return High Rank in Category (%)
YTD 297.8% -9.4% 300.5% 0.75%
1 Yr 2.5% -5.9% 6.6% 54.89%
3 Yr 4.4%* -0.9% 7.4% 8.94%
5 Yr 4.4%* -0.2% 7.0% 7.89%
10 Yr 4.8%* -0.1% 8.1% 9.00%

* Annualized

Return Ranking - Calendar

Period CADNX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -0.3% 15.4% 12.85%
2018 -3.2% -10.3% 97.2% 87.39%
2017 3.3% -100.0% 7.6% 9.27%
2016 -3.7% -7.9% 96.8% 84.82%
2015 -0.5% -4.8% 3.0% 66.81%

Total Return Ranking - Trailing

Period CADNX Return Category Return Low Category Return High Rank in Category (%)
YTD 297.8% -9.4% 300.5% 0.75%
1 Yr 2.5% -8.7% 6.6% 37.44%
3 Yr 4.4%* -2.4% 7.4% 8.18%
5 Yr 4.4%* -1.4% 7.0% 7.35%
10 Yr 4.8%* -0.5% 8.1% 8.54%

* Annualized

Total Return Ranking - Calendar

Period CADNX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -0.3% 15.4% 12.97%
2018 -2.9% -10.3% 11.0% 82.41%
2017 3.6% -100.0% 7.6% 9.33%
2016 -3.4% -7.9% 3.0% 82.32%
2015 -0.5% -4.8% 4.0% 69.70%

NAV & Total Return History


CADNX - Holdings

Concentration Analysis

CADNX Category Low Category High CADNX % Rank
Net Assets 2.42 B 617 K 78.2 B 15.43%
Number of Holdings 634 3 10083 16.89%
Net Assets in Top 10 211 M -202 M 4.54 B 20.63%
Weighting of Top 10 9.17% 2.4% 99.7% 86.17%

Top 10 Holdings

  1. VanEck Vectors High-Yield Municipal ETF 1.52%
  2. VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV 5% 0.92%
  3. PORT AUTH N Y & N J 5% 0.91%
  4. Columbia Multi-Sector Municipal Inc ETF 0.90%
  5. SAN ANTONIO TEX ELEC & GAS REV 5% 0.88%
  6. DISTRICT COLUMBIA 5% 0.86%
  7. CALIFORNIA ST 5% 0.83%
  8. COLORADO HEALTH FACS AUTH REV 4% 0.81%
  9. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 0.78%
  10. MIAMI-DADE CNTY FLA AVIATION REV 5% 0.76%

Asset Allocation

Weighting Return Low Return High CADNX % Rank
Bonds
99.61% 65.51% 149.06% 34.79%
Cash
0.39% -49.07% 34.49% 62.13%
Stocks
0.00% 0.00% 1.58% 54.45%
Preferred Stocks
0.00% -0.98% 1.04% 51.76%
Other
0.00% -1.48% 12.83% 54.08%
Convertible Bonds
0.00% 0.00% 1.83% 52.27%

Bond Sector Breakdown

Weighting Return Low Return High CADNX % Rank
Municipal
99.61% 49.08% 100.00% 33.16%
Cash & Equivalents
0.37% 0.00% 34.49% 65.99%
Corporate
0.02% 0.00% 13.25% 14.29%
Derivative
0.00% 0.00% 2.16% 51.93%
Securitized
0.00% 0.00% 6.06% 52.78%
Government
0.00% 0.00% 49.86% 55.67%

Bond Geographic Breakdown

Weighting Return Low Return High CADNX % Rank
US
99.54% 65.51% 142.92% 14.63%
Non US
0.07% 0.00% 27.43% 70.07%

CADNX - Expenses

Operational Fees

CADNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.01% 4.01% 80.32%
Management Fee 0.47% 0.00% 1.10% 63.59%
12b-1 Fee 0.00% 0.00% 1.00% 9.74%
Administrative Fee N/A 0.01% 0.47% 33.09%

Sales Fees

CADNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

CADNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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 32.00% 0.00% 235.00% 72.92%

CADNX - Distributions

Dividend Yield Analysis

CADNX Category Low Category High CADNX % Rank
Dividend Yield 0.00% 0.00% 3.82% 54.87%

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 2.91% 0.04% 6.48% 25.04%

Capital Gain Distribution Analysis

CADNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Dividend Payout History

View More +

CADNX - Fund Manager Analysis

Managers

Catherine Stienstra


Start Date

Tenure

Tenure Rank

Aug 31, 2007

13.09

13.1%

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

1.83

1.8%

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
0.07 33.98 8.33 2.76