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Name

As of 11/22/2024

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

Columbia Tax-Exempt Fund

CTERX | Fund

$11.99

$2.02 B

3.79%

$0.45

0.54%

Vitals

YTD Return

4.5%

1 yr return

9.4%

3 Yr Avg Return

-0.5%

5 Yr Avg Return

0.9%

Net Assets

$2.02 B

Holdings in Top 10

10.8%

52 WEEK LOW AND HIGH

$12.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 13.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

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

Columbia Tax-Exempt Fund

CTERX | Fund

$11.99

$2.02 B

3.79%

$0.45

0.54%

CTERX - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.97%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Columbia Tax-Exempt 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 total net assets (including the amount of any borrowings for investment purposes) in bonds that pay interest exempt from federal income tax (including the federal alternative minimum tax). These securities are issued by states and their political subdivisions, agencies, authorities and instrumentalities and by other qualified issuers. Qualified issuers include issuers located in U.S. territories, commonwealths and possessions, such as Guam, Puerto Rico and the U.S. Virgin Islands. The Fund may invest up to 20% of its total net assets in securities the interest on which is subject to federal income tax.The Fund may invest in fixed or variable-rate debt securities. The Fund may invest in bonds of any maturity.
Under normal circumstances, the Fund invests at least 65% of its total assets in tax-exempt bonds that, at the time of purchase, are rated investment grade or are unrated but determined to be of comparable quality.The Fund may invest up to 35% of its total assets in bonds (not including pre-refunded bonds) that, at the time of purchase, are rated below investment grade (commonly referred to as “high yield” investments or “junk” bonds) but will invest no more than 25% of its total assets in bonds that, at the time of purchase, are unrated but determined to be of comparable quality to below investment grade bonds.
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

CTERX - Performance

Return Ranking - Trailing

Period CTERX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -5.9% 32.9% 3.13%
1 Yr 9.4% -0.6% 37.6% 4.53%
3 Yr -0.5%* -10.6% 3.6% 48.54%
5 Yr 0.9%* -6.8% 1103.7% 41.20%
10 Yr 2.2%* -0.9% 248.8% 22.71%

* Annualized

Return Ranking - Calendar

Period CTERX Return Category Return Low Category Return High Rank in Category (%)
2023 3.3% -1.4% 41.0% 28.46%
2022 -15.2% -39.7% 0.3% 89.36%
2021 -0.2% -5.6% 6.9% 39.02%
2020 0.0% -2.6% 310.0% 95.48%
2019 3.3% 0.0% 26.0% 71.64%

Total Return Ranking - Trailing

Period CTERX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -5.9% 32.9% 3.13%
1 Yr 9.4% -0.6% 37.6% 4.53%
3 Yr -0.5%* -10.6% 3.6% 48.54%
5 Yr 0.9%* -6.8% 1103.7% 41.20%
10 Yr 2.2%* -0.9% 248.8% 22.71%

* Annualized

Total Return Ranking - Calendar

Period CTERX Return Category Return Low Category Return High Rank in Category (%)
2023 7.6% -1.3% 41.0% 9.75%
2022 -12.1% -39.7% 1.1% 85.50%
2021 3.5% -4.8% 23761504.0% 11.19%
2020 3.6% -1.5% 17057.9% 57.96%
2019 6.6% 0.2% 3514.6% 49.14%

NAV & Total Return History

CTERX - Holdings

Concentration Analysis

CTERX Category Low Category High CTERX % Rank
Net Assets 2.02 B 3.22 M 71.9 B 16.73%
Number of Holdings 483 4 13418 26.52%
Net Assets in Top 10 220 M -317 M 3.09 B 17.46%
Weighting of Top 10 10.80% 1.8% 100.3% 77.80%

Top 10 Holdings

  1. Pennsylvania Economic Development Financing Authority 1.41%
  2. Salt River Project Agricultural Improvement Power District 1.20%
  3. Buckeye Tobacco Settlement Financing Authority 1.13%
  4. State of Michigan Trunk Line Revenue 1.10%
  5. Port of Portland OR Airport Revenue 1.07%
  6. Texas Private Activity Bond Surface Transportation Corp 1.06%
  7. State of Illinois 1.02%
  8. Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.98%
  9. Main Street Natural Gas Inc 0.95%
  10. Nebraska Educational Health Cultural Social Services Finance Authority 0.89%

Asset Allocation

Weighting Return Low Return High CTERX % Rank
Bonds 		100.38% 0.00% 150.86% 17.64%
Cash 		0.01% -50.86% 44.62% 83.14%
Stocks 		0.00% 0.00% 99.78% 18.77%
Preferred Stocks 		0.00% 0.00% 0.07% 5.13%
Other 		0.00% -3.69% 51.88% 18.32%
Convertible Bonds 		0.00% 0.00% 0.93% 4.41%

Bond Sector Breakdown

Weighting Return Low Return High CTERX % Rank
Municipal 		99.99% 44.39% 100.00% 9.83%
Corporate 		0.01% 0.00% 9.41% 18.19%
Cash & Equivalents 		0.01% 0.00% 44.41% 55.36%
Derivative 		0.00% -3.69% 51.88% 14.46%
Securitized 		0.00% 0.00% 5.93% 6.02%
Government 		0.00% 0.00% 52.02% 11.64%

Bond Geographic Breakdown

Weighting Return Low Return High CTERX % Rank
US 		100.38% 0.00% 142.23% 16.99%
Non US 		0.00% 0.00% 23.89% 8.93%

CTERX - Expenses

Operational Fees

CTERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.01% 8.02% 77.40%
Management Fee 0.46% 0.00% 1.20% 65.38%
12b-1 Fee 0.00% 0.00% 1.00% 0.76%
Administrative Fee N/A 0.01% 0.44% 30.49%

Sales Fees

CTERX 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

CTERX 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.

CTERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 0.00% 283.00% 32.24%

CTERX - Distributions

Dividend Yield Analysis

CTERX Category Low Category High CTERX % Rank
Dividend Yield 3.79% 0.00% 14.51% 6.72%

Dividend Distribution Analysis

CTERX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

CTERX Category Low Category High CTERX % Rank
Net Income Ratio 2.97% -0.53% 5.33% 7.35%

Capital Gain Distribution Analysis

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

Distributions History

View More +

CTERX - Fund Manager Analysis

Managers

Catherine Stienstra

Start Date

Tenure

Tenure Rank

May 01, 2018

4.08

4.1%

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

Feb 01, 2022

0.33

0.3%

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 7.35 1.58

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