CMNYX: Columbia Minnesota Tax-Exempt Fund - MutualFunds.com

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Columbia Minnesota Tax-Exempt Inst3

CMNYX - Snapshot

Vitals

  • YTD Return 300.2%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $722 M
  • Holdings in Top 10 16.4%

52 WEEK LOW AND HIGH

$22.32
$4.99
$22.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.48%

SALES FEES

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

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Minnesota

Compare CMNYX 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%

CMNYX - Profile

Distributions

  • YTD Total Return 300.2%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.77%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Columbia Minnesota Tax-Exempt Fund
  • Fund Family Name
    Columbia
  • Inception Date
    Mar 01, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Catherine Stienstra

Fund Description

Under normal market circumstances, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in municipal obligations that are generally exempt from U.S. federal income tax as well as from Minnesota State and local income tax. It may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity. The fund is non-diversified.


CMNYX - Performance

Return Ranking - Trailing

Period CMNYX Return Category Return Low Category Return High Rank in Category (%)
YTD 300.2% -9.4% 300.5% 0.52%
1 Yr 3.1% -5.9% 6.6% 31.37%
3 Yr 3.9%* -0.9% 7.4% 23.88%
5 Yr 3.5%* -0.2% 7.0% 26.34%
10 Yr 3.9%* -0.1% 8.1% 25.24%

* Annualized

Return Ranking - Calendar

Period CMNYX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -0.3% 15.4% 26.42%
2018 -2.7% -10.3% 97.2% 75.22%
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 96.8% N/A
2015 N/A -4.8% 3.0% N/A

Total Return Ranking - Trailing

Period CMNYX Return Category Return Low Category Return High Rank in Category (%)
YTD 300.2% -9.4% 300.5% 0.52%
1 Yr 3.1% -8.7% 6.6% 23.53%
3 Yr 3.9%* -2.4% 7.4% 20.53%
5 Yr 3.5%* -1.4% 7.0% 22.76%
10 Yr 3.9%* -0.5% 8.1% 23.04%

* Annualized

Total Return Ranking - Calendar

Period CMNYX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -0.3% 15.4% 26.95%
2018 -2.7% -10.3% 11.0% 77.18%
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 3.0% N/A
2015 N/A -4.8% 4.0% N/A

NAV & Total Return History


CMNYX - Holdings

Concentration Analysis

CMNYX Category Low Category High CMNYX % Rank
Net Assets 722 M 617 K 78.2 B 36.13%
Number of Holdings 304 3 10083 36.00%
Net Assets in Top 10 115 M -202 M 4.54 B 37.36%
Weighting of Top 10 16.41% 2.4% 99.7% 58.39%

Top 10 Holdings

  1. ROCHESTER MINN HEALTH CARE FACS REV 5% 2.55%
  2. ST PAUL MINN HSG & REDEV AUTH HEALTH CARE FAC REV 4% 1.66%
  3. ROSEVILLE MINN INDPT SCH DIST NO 623 4% 1.63%
  4. MOORHEAD MINN INDPT SCH DIST NO 152 3% 1.63%
  5. BRAINERD MINN INDPT SCH DIST NO 181 4% 1.62%
  6. MAPLE GROVE MINN HEALTH CARE FACS REV 4% 1.61%
  7. ANOKA-HENNEPIN MINN INDPT SCH DIST NO 11 4% 1.46%
  8. MINNEAPOLIS MINN MULTIFAMILY REV 2.35% 1.44%
  9. MINNESOTA ST 5% 1.41%
  10. MINNESOTA ST GEN FD REV 5% 1.39%

Asset Allocation

Weighting Return Low Return High CMNYX % Rank
Bonds
99.96% 65.51% 149.06% 20.17%
Cash
0.04% -49.07% 34.49% 77.55%
Stocks
0.00% 0.00% 1.58% 55.92%
Preferred Stocks
0.00% -0.98% 1.04% 53.23%
Other
0.00% -1.48% 12.83% 55.56%
Convertible Bonds
0.00% 0.00% 1.83% 53.74%

Bond Sector Breakdown

Weighting Return Low Return High CMNYX % Rank
Municipal
99.96% 49.08% 100.00% 16.10%
Corporate
0.04% 0.00% 13.25% 13.21%
Derivative
0.00% 0.00% 2.16% 53.40%
Cash & Equivalents
0.00% 0.00% 34.49% 92.69%
Securitized
0.00% 0.00% 6.06% 54.20%
Government
0.00% 0.00% 49.86% 57.09%

Bond Geographic Breakdown

Weighting Return Low Return High CMNYX % Rank
US
99.96% 65.51% 142.92% 8.45%
Non US
0.00% 0.00% 27.43% 87.47%

CMNYX - Expenses

Operational Fees

CMNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.48% 0.01% 4.01% 86.82%
Management Fee 0.46% 0.00% 1.10% 58.96%
12b-1 Fee 0.00% 0.00% 1.00% 10.47%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

CMNYX 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

CMNYX 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.

CMNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 235.00% 62.42%

CMNYX - Distributions

Dividend Yield Analysis

CMNYX Category Low Category High CMNYX % Rank
Dividend Yield 0.57% 0.00% 3.82% 4.11%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CMNYX Category Low Category High CMNYX % Rank
Net Income Ratio 2.77% 0.04% 6.48% 32.40%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

CMNYX - 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.

Anders Myhran


Start Date

Tenure

Tenure Rank

Oct 01, 2016

4.0

4.0%

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.

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