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CTEZX Columbia Tax-Exempt Inst

  • Fund
  • CTEZX
  • Price as of: Sep 17, 2019
  • $13.63 - $0.01 - 0.07%

CTEZX - Profile

Vitals

  • YTD Return 3.5%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $3.41 B
  • Holdings in Top 10 9.6%

52 WEEK LOW AND HIGH

$13.63
$13.00
$13.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

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

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.13%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Columbia Tax-Exempt Fund
  • 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.

CTEZX - Performance

Return Ranking - Trailing

Period CTEZX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -0.2% 18.3% 55.19%
1 Yr 3.0% -4.4% 15.6% 68.85%
3 Yr -1.2%* -3.0% 9.3% 95.63%
5 Yr -0.4%* -14.8% 3.5% 88.30%
10 Yr 0.3%* -8.7% 6.5% 51.61%

* Annualized


Return Ranking - Calendar

Period CTEZX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.5% -13.7% 6.9% 77.10%
2017 2.1% -6.5% 21.2% 19.14%
2016 -4.4% -58.1% 8.6% 98.60%
2015 -0.6% -24.0% 2.6% 38.37%
2014 6.3% -60.4% 83.0% 12.71%

Total Return Ranking - Trailing

Period CTEZX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -0.2% 18.3% 56.12%
1 Yr 3.0% -4.4% 15.6% 71.44%
3 Yr -1.2%* -3.0% 9.3% 96.69%
5 Yr -0.4%* -14.8% 5.5% 91.44%
10 Yr 0.3%* -8.7% 7.0% 64.62%

* Annualized


Total Return Ranking - Calendar

Period CTEZX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.5% -13.7% 6.9% 81.50%
2017 2.1% -6.5% 27.0% 31.23%
2016 -4.4% -58.1% 10.7% 99.07%
2015 -0.6% -14.6% 4.2% 46.71%
2014 6.3% -60.4% 83.0% 15.21%

NAV & Total Return History

CTEZX - Holdings

Concentration Analysis

CTEZX Category Low Category High CTEZX % Rank
Net Assets 3.41 B 701 K 241 B 19.85%
Number of Holdings 598 1 17412 27.18%
Net Assets in Top 10 331 M -179 M 23.7 B 26.70%
Weighting of Top 10 9.62% 2.5% 212.7% 86.52%

Top 10 Holdings

  1. ILLINOIS DEV FIN AUTH RETIREMENT HSG REV 0% 1.95%

  2. PENNSYLVANIA ECONOMIC DEV FING AUTH REV 5% 0.97%

  3. UNIVERSITY KANS HOSP AUTH HEALTH FACS REV 5% 0.97%

  4. PEFA INC IOWA GAS PROJ REV 5% 0.94%

  5. PENNSYLVANIA ECONOMIC DEV FING AUTH UPMC REV 4% 0.94%

  6. PENNSYLVANIA ST TPK COMMN TPK REV 5.25% 0.84%

  7. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 0.79%

  8. SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0% 0.77%

  9. SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0% 0.72%

  10. WAYNE CNTY MICH ARPT AUTH REV 5% 0.72%


Asset Allocation

Weighting Return Low Return High CTEZX % Rank
Bonds
99.99% 80.17% 129.72% 16.15%
Cash
0.01% -37.85% 22.95% 82.64%
Stocks
0.00% -14.50% 14.08% 75.24%
Preferred Stocks
0.00% -1.25% 4.10% 77.66%
Other
0.00% -16.03% 27.53% 71.76%
Convertible Bonds
0.00% 0.00% 6.30% 85.27%

Bond Sector Breakdown

Weighting Return Low Return High CTEZX % Rank
Municipal
99.98% 0.00% 106.42% 10.22%
Corporate
0.02% -1.23% 99.47% 60.15%
Derivative
0.00% -24.73% 33.80% 70.51%
Cash & Equivalents
0.00% -37.85% 22.95% 83.74%
Securitized
0.00% 0.00% 141.25% 88.06%
Government
0.00% -74.40% 115.78% 85.13%

Bond Geographic Breakdown

Weighting Return Low Return High CTEZX % Rank
US
99.84% 66.38% 150.14% 10.95%
Non US
0.15% -43.03% 26.38% 79.23%

CTEZX - Expenses

Operational Fees

CTEZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.00% 209.96% 79.66%
Management Fee 0.44% 0.00% 1.25% 65.49%
12b-1 Fee 0.00% 0.00% 1.00% 14.76%
Administrative Fee 0.07% 0.00% 0.63% 35.69%

Sales Fees

CTEZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

CTEZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Turnover 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 17.00% 0.00% 1856.00% 20.80%

CTEZX - Distributions

Dividend Yield Analysis

CTEZX Category Low Category High CTEZX % Rank
Dividend Yield 1.83% 0.00% 95.96% 22.53%

Dividend Distribution Analysis

CTEZX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

CTEZX Category Low Category High CTEZX % Rank
Net Income Ratio 4.13% -0.18% 4.99% 0.93%

Capital Gain Distribution Analysis

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

CTEZX - Managers

Kimberly Campbell

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2002

17.59

17.6%

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 M. Stienstra

Manager

Start Date

Tenure

Tenure Rank

May 01, 2018

1.33

1.3%

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

0.0

Category High

39.94

Category Average

7.49

Category Mode

7.29