Columbia Tax-Exempt Inst
- CTEZX
- Price as of: Mar 05, 2021
-
$13.49
N/A N/A
- Primary Theme
- Municipal Bond
- Fund Company
- Columbia Threadneedle
- Share Class
CTEZX - Snapshot
Vitals
- YTD Return -0.7%
- 3 Yr Annualized Return 4.4%
- 5 Yr Annualized Return 3.4%
- Net Assets $3.26 B
- Holdings in Top 10 8.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.53%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 29.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,000
- IRA N/A
Fund Classification
-
Primary Theme
Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style Muni National Long
CTEZX - Profile
Distributions
- YTD Total Return -0.7%
- 3 Yr Annualized Total Return 4.4%
- 5 Yr Annualized Total Return 3.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.37%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameColumbia Tax-Exempt Fund
-
Fund Family NameColumbia
-
Inception DateSep 16, 2005
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerKimberly 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 | -0.7% | -2.7% | 1.7% | 35.69% |
1 Yr | -0.9% | -5.6% | 5.8% | 94.85% |
3 Yr | 4.4%* | 0.3% | 9.5% | 33.55% |
5 Yr | 3.4%* | -0.5% | 7.5% | 22.63% |
10 Yr | 4.9%* | -0.1% | 10.0% | 18.10% |
* Annualized
Return Ranking - Calendar
Period | CTEZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 0.0% | -2.8% | 310.0% | 95.79% |
2019 | 3.3% | -0.3% | 15.4% | 70.72% |
2018 | -3.5% | -10.3% | 97.2% | 92.45% |
2017 | 2.1% | -100.0% | 7.6% | 32.17% |
2016 | -4.4% | -7.9% | 96.8% | 92.08% |
Total Return Ranking - Trailing
Period | CTEZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.7% | -2.7% | 1.7% | 35.69% |
1 Yr | -0.9% | -5.9% | 5.8% | 63.06% |
3 Yr | 4.4%* | -1.7% | 9.5% | 28.42% |
5 Yr | 3.4%* | -1.6% | 7.5% | 20.05% |
10 Yr | 4.9%* | -0.2% | 10.0% | 16.74% |
* Annualized
Total Return Ranking - Calendar
Period | CTEZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 0.0% | -2.8% | 310.0% | 95.79% |
2019 | 3.3% | -0.3% | 15.4% | 70.90% |
2018 | -3.5% | -10.3% | 11.0% | 92.64% |
2017 | 2.1% | -100.0% | 7.6% | 37.12% |
2016 | -4.4% | -7.9% | 3.0% | 92.37% |
NAV & Total Return History
CTEZX - Holdings
Concentration Analysis
CTEZX | Category Low | Category High | CTEZX % Rank | |
---|---|---|---|---|
Net Assets | 3.26 B | 632 K | 82.7 B | 11.72% |
Number of Holdings | 630 | 3 | 11152 | 18.52% |
Net Assets in Top 10 | 286 M | -192 M | 4.18 B | 15.17% |
Weighting of Top 10 | 8.70% | 2.5% | 100.0% | 87.14% |
Top 10 Holdings
- University Kans Hosp Auth Health Facs Rev 5% 1.04%
- Pennsylvania Economic Dev Fing Auth Upmc Rev 4% 1.04%
- Pennsylvania Economic Dev Fing Auth Rev 5% 1.02%
- Pennsylvania St Tpk Commn Tpk Rev 5.25% 0.90%
- Southern Minn Mun Pwr Agy Pwr Supply Sys Rev 0% 0.83%
- UNIVERSITY TEX UNIV REVS 5% 0.82%
- San Francisco Calif City & Cnty Arpts Commn Intl Arpt Rev 5% 0.82%
- Southern Minn Mun Pwr Agy Pwr Supply Sys Rev 0% 0.80%
- MERCER CNTY N J 2% 0.78%
- Lakeland Fla Hosp Sys Rev 5% 0.76%
Asset Allocation
Weighting | Return Low | Return High | CTEZX % Rank | |
---|---|---|---|---|
Bonds | 99.99% | 73.02% | 147.73% | 16.01% |
Cash | 0.01% | -47.72% | 26.99% | 81.99% |
Stocks | 0.00% | 0.00% | 2.18% | 68.71% |
Preferred Stocks | 0.00% | -0.94% | 0.00% | 67.10% |
Other | 0.00% | -13.58% | 13.72% | 68.24% |
Convertible Bonds | 0.00% | -0.92% | 1.32% | 67.44% |
Bond Sector Breakdown
Weighting | Return Low | Return High | CTEZX % Rank | |
---|---|---|---|---|
Municipal | 99.98% | 46.52% | 100.00% | 14.94% |
Corporate | 0.02% | 0.00% | 15.75% | 14.60% |
Derivative | 0.00% | 0.00% | 0.85% | 67.33% |
Cash & Equivalents | 0.00% | 0.00% | 26.99% | 96.02% |
Securitized | 0.00% | 0.00% | 6.51% | 67.95% |
Government | 0.00% | 0.00% | 50.01% | 71.02% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | CTEZX % Rank | |
---|---|---|---|---|
US | 99.23% | 72.29% | 141.36% | 17.56% |
Non US | 0.76% | 0.00% | 25.16% | 52.78% |
CTEZX - Expenses
Operational Fees
CTEZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.53% | 0.01% | 16.95% | 81.21% |
Management Fee | 0.44% | 0.00% | 1.10% | 48.04% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 11.56% |
Administrative Fee | N/A | 0.01% | 0.47% | 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 | 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.
CTEZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 29.00% | 0.00% | 299.40% | 69.60% |
CTEZX - Distributions
Dividend Yield Analysis
CTEZX | Category Low | Category High | CTEZX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.05% | 0.00% | 1.85% | 1.47% |
Dividend Distribution Analysis
CTEZX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
CTEZX | Category Low | Category High | CTEZX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.37% | -1.65% | 6.48% | 7.67% |
Capital Gain Distribution Analysis
CTEZX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Jun 30, 2020 | $0.034 |
May 29, 2020 | $0.036 |
Apr 30, 2020 | $0.035 |
Mar 31, 2020 | $0.038 |
Feb 28, 2020 | $0.035 |
Jan 31, 2020 | $0.041 |
Dec 31, 2019 | $0.001 |
Nov 29, 2019 | $0.001 |
Oct 31, 2019 | $0.001 |
Sep 30, 2019 | $0.001 |
Aug 30, 2019 | $0.001 |
Jul 31, 2019 | $0.001 |
Jun 28, 2019 | $0.048 |
May 31, 2019 | $0.050 |
Apr 30, 2019 | $0.049 |
Mar 29, 2019 | $0.051 |
Feb 28, 2019 | $0.046 |
Jan 31, 2019 | $0.051 |
Dec 31, 2018 | $0.052 |
Nov 30, 2018 | $0.050 |
Oct 31, 2018 | $0.050 |
Aug 31, 2018 | $0.045 |
Jul 31, 2018 | $0.045 |
Jun 29, 2018 | $0.044 |
May 31, 2018 | $0.049 |
Apr 30, 2018 | $0.052 |
Mar 29, 2018 | $0.051 |
Feb 28, 2018 | $0.042 |
Jan 31, 2018 | $0.046 |
Dec 29, 2017 | $0.046 |
Nov 30, 2017 | $0.044 |
Oct 31, 2017 | $0.045 |
Sep 29, 2017 | $0.045 |
Aug 31, 2017 | $0.046 |
Jul 31, 2017 | $0.048 |
Jun 30, 2017 | $0.042 |
May 31, 2017 | $0.050 |
Apr 28, 2017 | $0.044 |
Mar 31, 2017 | $0.050 |
Feb 28, 2017 | $0.044 |
Jan 31, 2017 | $0.050 |
Dec 30, 2016 | $0.050 |
Nov 30, 2016 | $0.047 |
Oct 31, 2016 | $0.049 |
Sep 30, 2016 | $0.048 |
Aug 31, 2016 | $0.048 |
Jul 29, 2016 | $0.049 |
Jun 30, 2016 | $0.048 |
May 31, 2016 | $0.050 |
Apr 29, 2016 | $0.048 |
Mar 31, 2016 | $0.050 |
Feb 29, 2016 | $0.047 |
Jan 29, 2016 | $0.051 |
Dec 31, 2015 | $0.051 |
Nov 30, 2015 | $0.049 |
Oct 30, 2015 | $0.051 |
Sep 30, 2015 | $0.049 |
Aug 31, 2015 | $0.051 |
Jul 31, 2015 | $0.051 |
Jun 30, 2015 | $0.050 |
May 29, 2015 | $0.052 |
Apr 30, 2015 | $0.050 |
Mar 31, 2015 | $0.053 |
Feb 27, 2015 | $0.047 |
Jan 30, 2015 | $0.052 |
Dec 31, 2014 | $0.049 |
Nov 28, 2014 | $0.051 |
Oct 31, 2014 | $0.052 |
Sep 30, 2014 | $0.050 |
Aug 29, 2014 | $0.052 |
Jul 31, 2014 | $0.053 |
Jun 30, 2014 | $0.052 |
May 30, 2014 | $0.053 |
Apr 30, 2014 | $0.052 |
Mar 31, 2014 | $0.054 |
Feb 28, 2014 | $0.048 |
Jan 31, 2014 | $0.053 |
Dec 31, 2013 | $0.052 |
Nov 29, 2013 | $0.050 |
Oct 31, 2013 | $0.052 |
Sep 30, 2013 | $0.049 |
Aug 30, 2013 | $0.051 |
Jul 31, 2013 | $0.052 |
Jun 28, 2013 | $0.049 |
May 31, 2013 | $0.050 |
Apr 30, 2013 | $0.048 |
Mar 28, 2013 | $0.050 |
Feb 28, 2013 | $0.046 |
Jan 31, 2013 | $0.051 |
Dec 31, 2012 | $0.050 |
Nov 30, 2012 | $0.049 |
Oct 31, 2012 | $0.051 |
Sep 28, 2012 | $0.049 |
Aug 31, 2012 | $0.050 |
Jul 31, 2012 | $0.051 |
Jun 29, 2012 | $0.048 |
May 31, 2012 | $0.051 |
Apr 30, 2012 | $0.050 |
Mar 30, 2012 | $0.051 |
Feb 29, 2012 | $0.048 |
Jan 31, 2012 | $0.052 |
Dec 30, 2011 | $0.048 |
Nov 30, 2011 | $0.049 |
Oct 31, 2011 | $0.051 |
Sep 30, 2011 | $0.050 |
Aug 31, 2011 | $0.049 |
Jul 29, 2011 | $0.052 |
Jun 30, 2011 | $0.051 |
May 31, 2011 | $0.028 |
Apr 29, 2011 | $0.051 |
Mar 31, 2011 | $0.051 |
Feb 28, 2011 | $0.051 |
Jan 31, 2011 | $0.052 |
Dec 31, 2010 | $0.051 |
Nov 30, 2010 | $0.050 |
Oct 29, 2010 | $0.050 |
Sep 30, 2010 | $0.052 |
Aug 31, 2010 | $0.052 |
Jul 30, 2010 | $0.052 |
Jun 30, 2010 | $0.052 |
May 28, 2010 | $0.053 |
Apr 30, 2010 | $0.048 |
Mar 31, 2010 | $0.051 |
Feb 26, 2010 | $0.051 |
Jan 29, 2010 | $0.051 |
Dec 31, 2009 | $0.051 |
Nov 30, 2009 | $0.051 |
Oct 30, 2009 | $0.051 |
Sep 30, 2009 | $0.051 |
Aug 31, 2009 | $0.051 |
Jul 31, 2009 | $0.050 |
Jun 30, 2009 | $0.051 |
May 29, 2009 | $0.051 |
Apr 30, 2009 | $0.051 |
Mar 31, 2009 | $0.051 |
Feb 27, 2009 | $0.057 |
Jan 30, 2009 | $0.051 |
Dec 31, 2008 | $0.051 |
Nov 28, 2008 | $0.051 |
Oct 31, 2008 | $0.051 |
Sep 30, 2008 | $0.051 |
Aug 29, 2008 | $0.051 |
Jul 31, 2008 | $0.051 |
Jun 30, 2008 | $0.051 |
May 30, 2008 | $0.050 |
Apr 30, 2008 | $0.051 |
Mar 31, 2008 | $0.051 |
Feb 29, 2008 | $0.051 |
Jan 31, 2008 | $0.054 |
Dec 31, 2007 | $0.051 |
Nov 30, 2007 | $0.052 |
Oct 31, 2007 | $0.051 |
Sep 28, 2007 | $0.051 |
Aug 31, 2007 | $0.052 |
Jul 31, 2007 | $0.052 |
Jun 29, 2007 | $0.051 |
May 31, 2007 | $0.052 |
Apr 30, 2007 | $0.052 |
Mar 30, 2007 | $0.052 |
Feb 28, 2007 | $0.051 |
Jan 31, 2007 | $0.052 |
Dec 29, 2006 | $0.052 |
Nov 30, 2006 | $0.050 |
Oct 31, 2006 | $0.052 |
Sep 29, 2006 | $0.052 |
Aug 31, 2006 | $0.052 |
Jul 31, 2006 | $0.052 |
Jun 30, 2006 | $0.053 |
May 31, 2006 | $0.053 |
Apr 28, 2006 | $0.052 |
Mar 31, 2006 | $0.051 |
Feb 28, 2006 | $0.053 |
Jan 31, 2006 | $0.054 |
Nov 30, 2005 | $0.053 |
Oct 31, 2005 | $0.053 |
Sep 30, 2005 | $0.029 |
CTEZX - Fund Manager Analysis
Managers
Kimberly Campbell
Start Date
Tenure
Tenure Rank
Jan 31, 2002
19.09
19.1%
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
2.83
2.8%
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 |
---|---|---|---|
0.07 | 35.94 | 7.05 | 0.32 |