CTEZX: Columbia Tax-Exempt Inst

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CTEZX Columbia Tax-Exempt Inst


Profile

CTEZX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 5.0%
  • 5 Yr Annualized Return 3.7%
  • Net Assets $3.33 B
  • Holdings in Top 10 9.9%

52 WEEK LOW AND HIGH

$13.76
$13.15
$13.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.53%

SALES FEES

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

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.94%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Columbia Tax-Exempt Fund Institutional Class
  • Fund Family Name
    Columbia
  • Inception Date
    Sep 16, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kimberly Campbell

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). It 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 in bonds of any maturity.


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Categories

Performance

CTEZX - Performance

Return Ranking - Trailing

Period CTEZX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.0% 6.2% 33.71%
1 Yr 8.1% -0.7% 85.9% 12.43%
3 Yr 5.0%* -2.7% 23.0% 3.15%
5 Yr 3.7%* -3.3% 12.8% 3.84%
10 Yr 4.9%* -8.5% 8.6% 3.78%

* Annualized

Return Ranking - Calendar

Period CTEZX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -1.7% 83.9% 65.73%
2018 -3.5% -12.4% 0.8% 75.57%
2017 2.1% -6.0% 17.1% 19.07%
2016 -4.4% -58.1% 8.6% 96.82%
2015 -0.6% -18.3% 3.0% 38.66%

Total Return Ranking - Trailing

Period CTEZX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.0% 6.2% 33.71%
1 Yr 8.1% -2.6% 85.9% 11.34%
3 Yr 5.0%* -2.7% 23.0% 3.40%
5 Yr 3.7%* -2.5% 12.8% 3.93%
10 Yr 4.9%* -8.5% 8.6% 3.91%

* Annualized

Total Return Ranking - Calendar

Period CTEZX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -1.7% 83.9% 66.20%
2018 -3.5% -11.7% 6.5% 80.03%
2017 2.1% -6.0% 27.0% 30.79%
2016 -4.4% -58.1% 10.7% 97.14%
2015 -0.6% -14.6% 4.2% 46.87%

NAV & Total Return History


Holdings

CTEZX - Holdings

Concentration Analysis

CTEZX Category Low Category High CTEZX % Rank
Net Assets 3.33 B 688 K 249 B 20.16%
Number of Holdings 580 1 17590 28.77%
Net Assets in Top 10 335 M -216 M 23.5 B 27.28%
Weighting of Top 10 9.88% 2.3% 144.8% 85.24%

Top 10 Holdings

  1. ILLINOIS DEV FIN AUTH RETIREMENT HSG REV 0% 1.99%
  2. PENNSYLVANIA ECONOMIC DEV FING AUTH REV 5% 0.99%
  3. UNIVERSITY KANS HOSP AUTH HEALTH FACS REV 5% 0.99%
  4. PENNSYLVANIA ECONOMIC DEV FING AUTH UPMC REV 4% 0.98%
  5. PEFA INC IOWA GAS PROJ REV 5% 0.96%
  6. PENNSYLVANIA ST TPK COMMN TPK REV 5.25% 0.87%
  7. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 0.81%
  8. SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0% 0.79%
  9. SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0% 0.74%
  10. LAKELAND FLA HOSP SYS REV 5% 0.74%

Asset Allocation

Weighting Return Low Return High CTEZX % Rank
Bonds
99.95% 80.34% 160.64% 17.03%
Cash
0.05% -60.64% 19.31% 81.22%
Stocks
0.00% -17.64% 26.05% 95.59%
Preferred Stocks
0.00% 0.00% 7.32% 96.41%
Other
0.00% -8.60% 31.28% 91.89%
Convertible Bonds
0.00% 0.00% 6.13% 97.23%

Bond Sector Breakdown

Weighting Return Low Return High CTEZX % Rank
Municipal
99.93% 0.00% 100.00% 9.71%
Cash & Equivalents
0.05% -26.49% 20.89% 88.83%
Corporate
0.02% 0.00% 99.29% 61.49%
Derivative
0.00% 0.00% 22.94% 96.23%
Securitized
0.00% 0.00% 97.31% 97.65%
Government
0.00% 0.00% 100.00% 98.01%

Bond Geographic Breakdown

Weighting Return Low Return High CTEZX % Rank
US
99.80% 61.83% 160.64% 12.13%
Non US
0.15% -27.08% 26.76% 78.31%

Expenses

CTEZX - Expenses

Operational Fees

CTEZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.00% 209.96% 77.66%
Management Fee 0.44% 0.00% 1.25% 64.64%
12b-1 Fee 0.00% 0.00% 1.00% 17.63%
Administrative Fee N/A 0.00% 0.50% 34.97%

Sales Fees

CTEZX 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

CTEZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

CTEZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 2053.00% 27.15%

Distributions

CTEZX - Distributions

Dividend Yield Analysis

CTEZX Category Low Category High CTEZX % Rank
Dividend Yield 1.08% 0.00% 5.21% 17.64%

Dividend Distribution Analysis

CTEZX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

CTEZX Category Low Category High CTEZX % Rank
Net Income Ratio 3.94% 0.00% 6.30% 3.52%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

CTEZX - Fund Manager Analysis

Managers

Kimberly Campbell


Start Date

Tenure

Tenure Rank

Jan 31, 2002

17.93

17.9%

Ms. Campbell is a Director of Columbia Management. She associated with the firm or its predecessors as an investment professional since 1995. Ms. Campbell began her investment career in 1980 and earned a B.A. from Smith College.

Catherine Stienstra


Start Date

Tenure

Tenure Rank

May 01, 2018

1.67

1.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.1 7.64 0.67