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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 High Yield Municipal Fund

LHIAX | Fund

$9.34

$508 M

4.72%

$0.44

0.68%

Vitals

YTD Return

8.7%

1 yr return

14.8%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

1.0%

Net Assets

$508 M

Holdings in Top 10

14.5%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.68%

SALES FEES

Front Load 3.00%

Deferred Load N/A

TRADING FEES

Turnover 22.00%

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 High Yield Municipal Fund

LHIAX | Fund

$9.34

$508 M

4.72%

$0.44

0.68%

LHIAX - Profile

Distributions

  • YTD Total Return 8.7%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.41%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Columbia High Yield Municipal Fund
  • Fund Family Name
    Columbia Funds Complex
  • Inception Date
    Jul 31, 2000
  • Shares Outstanding
    N/A
  • Share Class
    A
  • 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 high yield securities. These securities generally include medium grade or below investment grade debt securities or unrated debt securities determined to be of comparable quality, but also may include other securities believed to have the potential for relatively high yield. Below investment grade securities are commonly referred to as “junk bonds.”The Fund may invest in bonds of any maturity.The Fund’s investments may include industrial development bonds and participation interests in those bonds.
The Fund may invest in privately placed and other securities or instruments that are purchased and sold pursuant to Rule 144A or other exemptions under the Securities Act of 1933, as amended, subject to certain regulatory restrictions.
The Fund may invest in certain inverse floaters, which are a type of over-the-counter derivative debt instrument with a variable or floating coupon rate that moves in the opposite direction of an underlying reference, typically short-term interest rates. The inverse floaters in which the Fund invests provide leveraged exposure to underlying municipal
bonds. The Fund’s investments in inverse floaters are intended to increase the Fund’s income and returns through this leveraged exposure. The Fund may invest in inverse floaters that create effective leverage (together with any other effective leverage in the portfolio) of up to 33% of the Fund’s total investment exposure.
The Fund may enter into tender option bond (TOB) transactions and may invest in derivatives, such as floating rate municipal securities (floaters) and inverse floating rate municipal securities (inverse floaters) to add incremental income, futures (including interest rate and Treasury bond futures) to manage duration and hedge against changes in interest rates, and swaps, including Municipal Market Data Rate Locks (MMD Rate Locks) to manage duration and hedge against changes in interest rates. Inverse floaters provide the Fund with leveraged exposure to underlying municipal bonds whose interest payments vary inversely with changes in short-term tax-exempt interest rates.
As a fundamental policy, the Fund will invest its assets so that at least 80% of the Fund’s gross income will be exempt from federal income tax (but not necessarily the federal alternative minimum tax).Such securities are issued by or on behalf of 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 assets in high quality taxable money market instruments.
Read More

LHIAX - Performance

Return Ranking - Trailing

Period LHIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% -2.0% 12.4% 3.43%
1 Yr 14.8% 1.0% 18.7% 3.43%
3 Yr -1.2%* -8.8% 3.0% 67.16%
5 Yr 1.0%* -5.0% 3.8% 64.47%
10 Yr 2.7%* -0.4% 155.6% 61.24%

* Annualized

Return Ranking - Calendar

Period LHIAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -6.2% 7.5% 66.18%
2022 -20.8% -26.9% -3.5% 91.04%
2021 3.0% -1.9% 5.6% 23.23%
2020 -0.3% -4.0% 4.2% 70.05%
2019 4.1% -0.7% 9.1% 77.49%

Total Return Ranking - Trailing

Period LHIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% -2.0% 12.4% 3.43%
1 Yr 14.8% 1.0% 18.7% 3.43%
3 Yr -1.2%* -8.8% 3.0% 67.16%
5 Yr 1.0%* -5.0% 3.8% 64.47%
10 Yr 2.7%* -0.4% 155.6% 61.24%

* Annualized

Total Return Ranking - Calendar

Period LHIAX Return Category Return Low Category Return High Rank in Category (%)
2023 7.3% -4.1% 10.9% 43.63%
2022 -17.1% -26.9% 4.3% 87.06%
2021 6.4% -1.9% 10.0% 29.29%
2020 3.5% -2.6% 8.2% 48.73%
2019 6.7% -0.7% 1028633.9% 88.48%

NAV & Total Return History

LHIAX - Holdings

Concentration Analysis

LHIAX Category Low Category High LHIAX % Rank
Net Assets 508 M 9.79 K 15.6 B 59.41%
Number of Holdings 267 1 3325 70.15%
Net Assets in Top 10 72.8 M -102 M 3.51 B 65.17%
Weighting of Top 10 14.52% 4.6% 98.8% 35.00%

Top 10 Holdings

  1. Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 2.74%
  2. Buckeye Tobacco Settlement Financing Authority 1.70%
  3. REF-CONVERTIBLE CABS-TRANSPRTN 1.56%
  4. Iowa Tobacco Settlement Authority 1.55%
  5. SER B 1.29%
  6. Puerto Rico Commonwealth Aqueduct Sewer Authority 1.22%
  7. California Infrastructure Economic Development Bank 1.21%
  8. South Carolina Public Service Authority 1.15%
  9. Chicago Board of Education 1.05%
  10. Colorado Bridge Enterprise 1.05%

Asset Allocation

Weighting Return Low Return High LHIAX % Rank
Bonds 		99.53% 0.00% 146.69% 41.67%
Cash 		0.47% -0.64% 100.00% 54.23%
Stocks 		0.00% 0.00% 99.62% 36.27%
Preferred Stocks 		0.00% -47.61% 0.00% 10.95%
Other 		0.00% -5.59% 5.07% 26.37%
Convertible Bonds 		0.00% 0.00% 0.00% 3.48%

Bond Sector Breakdown

Weighting Return Low Return High LHIAX % Rank
Municipal 		99.65% 0.00% 100.00% 18.91%
Cash & Equivalents 		0.10% 0.00% 100.00% 36.82%
Corporate 		0.02% 0.00% 2.83% 49.75%
Derivative 		0.00% -7.53% 2.16% 18.41%
Securitized 		0.00% 0.00% 22.44% 8.96%
Government 		0.00% 0.00% 0.09% 7.96%

Bond Geographic Breakdown

Weighting Return Low Return High LHIAX % Rank
US 		99.53% 0.00% 139.84% 37.31%
Non US 		0.00% 0.00% 13.35% 11.94%

LHIAX - Expenses

Operational Fees

LHIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.22% 3.44% 75.86%
Management Fee 0.54% 0.00% 1.41% 71.08%
12b-1 Fee 0.20% 0.00% 1.00% 27.52%
Administrative Fee N/A 0.02% 0.35% 43.42%

Sales Fees

LHIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.00% 1.00% 4.50% 72.09%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

LHIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 2.00% 121.00% 55.56%

LHIAX - Distributions

Dividend Yield Analysis

LHIAX Category Low Category High LHIAX % Rank
Dividend Yield 4.72% 0.00% 5.94% 35.78%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LHIAX Category Low Category High LHIAX % Rank
Net Income Ratio 3.41% 1.11% 5.44% 35.78%

Capital Gain Distribution Analysis

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

Distributions History

View More +

LHIAX - Fund Manager Analysis

Managers

Catherine Stienstra

Start Date

Tenure

Tenure Rank

Oct 01, 2016

5.67

5.7%

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.

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
0.25 21.43 7.55 2.52

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