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Trending ETFs

Name

As of 10/02/2023

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

$24.16

$120 M

3.85%

$0.93

0.62%

Vitals

YTD Return

-1.6%

1 yr return

1.9%

3 Yr Avg Return

-3.4%

5 Yr Avg Return

31.6%

Net Assets

$120 M

Holdings in Top 10

22.3%

52 WEEK LOW AND HIGH

$24.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.62%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 18.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/02/2023

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

$24.16

$120 M

3.85%

$0.93

0.62%

CNYEX - Profile

Distributions

  • YTD Total Return -1.6%
  • 3 Yr Annualized Total Return -3.4%
  • 5 Yr Annualized Total Return 31.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.63%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Columbia Strategic New York Municipal Income Fund
  • Fund Family Name
    Columbia Funds Complex
  • Inception Date
    Mar 19, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Catherine Stienstra

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in municipal bonds that pay interest exempt from U.S. federal income tax (including the federal alternative minimum tax) and New York individual income tax. The Fund may invest in municipal debt instruments of any duration, maturity and credit quality, including below investment grade debt (commonly referred to as “high yield” investments or “junk” bonds). The Fund may invest up to 20% of its net assets in debt instruments that generate income subject to federal income tax, including the federal alternative minimum tax.
For purposes of the Fund’s 80% investment policy, these bonds and other debt instruments include those issued by or on behalf of the State of New York and its political subdivisions, agencies, authorities and instrumentalities, as well as by or on behalf of other qualified issuers, including those of U.S. territories, commonwealths and possessions, such as Guam, Puerto Rico and the U.S. Virgin Islands. The Fund may also 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.
The Fund may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity. 
The Fund may also invest in zero-coupon bonds. 
The Fund may invest in derivatives such as futures (including interest rate futures and other bond futures) for yield curve exposure, hedging and non-hedging purposes, and inverse floaters for the purpose of enhancing income. 
The Fund is non-diversified, which means that it can invest a greater percentage of its assets in the securities of fewer issuers than can a diversified fund. 
Read More

CNYEX - Performance

Return Ranking - Trailing

Period CNYEX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -60.4% 26.2% 59.97%
1 Yr 1.9% -14.1% 8.5% 37.30%
3 Yr -3.4%* -9.3% 50.1% 79.35%
5 Yr 31.6%* -4.5% 28.8% 0.76%
10 Yr 16.9%* -1.7% 14.1% 0.83%

* Annualized

Return Ranking - Calendar

Period CNYEX Return Category Return Low Category Return High Rank in Category (%)
2022 -16.7% -76.8% 4.7% 93.20%
2021 0.0% -69.5% 9.0% 26.49%
2020 305.3% -66.1% 310.0% 1.32%
2019 3.7% -57.4% 26.0% 49.42%
2018 -3.1% -30.0% 11.0% 86.34%

Total Return Ranking - Trailing

Period CNYEX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -60.4% 26.2% 59.97%
1 Yr 1.9% -14.6% 11.3% 37.30%
3 Yr -3.4%* -5.8% 6071.3% 79.35%
5 Yr 31.6%* -1.6% 1098.8% 0.76%
10 Yr 16.9%* -0.4% 247.4% 0.83%

* Annualized

Total Return Ranking - Calendar

Period CNYEX Return Category Return Low Category Return High Rank in Category (%)
2022 -13.8% -76.8% 4.7% 92.30%
2021 3.7% -69.5% 23761504.0% 8.59%
2020 319.2% -66.1% 34671.4% 1.06%
2019 6.8% -57.4% 3514.6% 48.88%
2018 0.3% -30.0% 15.0% 70.93%

NAV & Total Return History


CNYEX - Holdings

Concentration Analysis

CNYEX Category Low Category High CNYEX % Rank
Net Assets 120 M 423 K 437 B 81.34%
Number of Holdings 116 1 14000 81.54%
Net Assets in Top 10 26.7 M -317 M 8.64 B 79.46%
Weighting of Top 10 22.25% 2.4% 101.7% 32.66%

Top 10 Holdings

  1. PR SALES TAX RESTRUCTURED COFINA 2.88%
  2. TSASC Inc/NY 2.55%
  3. New York City Transitional Finance Authority Future Tax Secured Revenue 2.45%
  4. City of New York NY 2.45%
  5. Triborough Bridge Tunnel Authority Sales Tax Revenue 2.29%
  6. Port Authority of New York New Jersey 2.24%
  7. Port Authority of New York New Jersey 1.91%
  8. Triborough Bridge Tunnel Authority 1.88%
  9. Triborough Bridge Tunnel Authority Sales Tax Revenue 1.87%
  10. Metropolitan Transportation Authority 1.73%

Asset Allocation

Weighting Return Low Return High CNYEX % Rank
Bonds
99.30% 65.51% 150.86% 31.99%
Cash
0.70% -50.86% 33.96% 66.98%
Stocks
0.00% -0.03% 4.63% 9.76%
Preferred Stocks
0.00% -0.52% 0.04% 2.90%
Other
0.00% -13.03% 30.01% 14.93%
Convertible Bonds
0.00% 0.00% 0.93% 3.04%

Bond Sector Breakdown

Weighting Return Low Return High CNYEX % Rank
Municipal
99.86% 44.39% 100.00% 18.42%
Cash & Equivalents
0.03% 0.00% 33.95% 53.75%
Derivative
0.00% 0.00% 3.41% 10.96%
Securitized
0.00% 0.00% 5.93% 4.68%
Corporate
0.00% 0.00% 9.41% 22.22%
Government
0.00% 0.00% 52.02% 10.38%

Bond Geographic Breakdown

Weighting Return Low Return High CNYEX % Rank
US
99.30% 37.86% 142.23% 29.62%
Non US
0.00% 0.00% 62.14% 12.16%

CNYEX - Expenses

Operational Fees

CNYEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.02% 6.50% 62.98%
Management Fee 0.47% 0.00% 1.10% 70.15%
12b-1 Fee 0.00% 0.00% 1.00% 1.30%
Administrative Fee N/A 0.01% 0.44% 27.59%

Sales Fees

CNYEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

CNYEX 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.

CNYEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 0.00% 283.00% 51.85%

CNYEX - Distributions

Dividend Yield Analysis

CNYEX Category Low Category High CNYEX % Rank
Dividend Yield 3.85% 0.00% 4.53% 6.61%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CNYEX Category Low Category High CNYEX % Rank
Net Income Ratio 2.63% -0.53% 5.33% 14.42%

Capital Gain Distribution Analysis

CNYEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Monthly

Distributions History

View More +

CNYEX - Fund Manager Analysis

Managers

Catherine Stienstra


Start Date

Tenure

Tenure Rank

Oct 01, 2010

11.67

11.7%

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

5.67

5.7%

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

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 7.28 1.58