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NSMMX Columbia Short Term Municipal Bond A

  • Fund
  • NSMMX
  • Price as of: Sep 17, 2019
  • $10.40 - $0.00 - 0.00%

NSMMX - Profile

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $841 M
  • Holdings in Top 10 10.0%

52 WEEK LOW AND HIGH

$10.40
$10.24
$10.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.81%

SALES FEES

  • Front Load 1.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 55.00%

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 Short

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.44%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Columbia Short Term Municipal Bond Fund
  • Fund Family Name Columbia
  • Inception Date Nov 02, 1993
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Catherine M. 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 securities that pay interest exempt from U.S. federal income tax (but not necessarily the federal alternative minimum tax). It generally invests in securities that, at the time of purchase, are rated investment grade or are unrated but determined to be of comparable quality. Under normal circumstances, the fund's dollar-weighted average maturity will be less than three years.

NSMMX - Performance

Return Ranking - Trailing

Period NSMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -0.2% 18.3% 94.21%
1 Yr 1.3% -4.4% 15.6% 90.04%
3 Yr 0.0%* -3.0% 9.3% 42.37%
5 Yr -0.1%* -14.8% 3.5% 68.96%
10 Yr -0.1%* -8.7% 6.5% 85.30%

* Annualized


Return Ranking - Calendar

Period NSMMX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.2% -13.7% 6.9% 3.70%
2017 0.2% -6.5% 21.2% 76.60%
2016 -1.0% -58.1% 8.6% 54.63%
2015 -0.4% -24.0% 2.6% 28.44%
2014 -0.5% -60.4% 83.0% 89.89%

Total Return Ranking - Trailing

Period NSMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -0.2% 18.3% 94.29%
1 Yr 1.3% -4.4% 15.6% 91.51%
3 Yr 0.0%* -3.0% 9.3% 52.87%
5 Yr -0.1%* -14.8% 5.5% 77.57%
10 Yr -0.1%* -8.7% 7.0% 91.19%

* Annualized


Total Return Ranking - Calendar

Period NSMMX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.2% -13.7% 6.9% 9.68%
2017 0.2% -6.5% 27.0% 80.64%
2016 -1.0% -58.1% 10.7% 58.04%
2015 -0.4% -14.6% 4.2% 37.57%
2014 -0.5% -60.4% 83.0% 91.86%

NAV & Total Return History

NSMMX - Holdings

Concentration Analysis

NSMMX Category Low Category High NSMMX % Rank
Net Assets 841 M 701 K 241 B 44.51%
Number of Holdings 327 1 17412 45.49%
Net Assets in Top 10 84.3 M -179 M 23.7 B 58.35%
Weighting of Top 10 10.02% 2.5% 212.7% 85.57%

Top 10 Holdings

  1. BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4% 1.56%

  2. CHICAGO ILL TRAN AUTH CAP GRNT RCPTS REV 5% 1.38%

  3. VERMONT ECONOMIC DEV AUTH PRIVATE COLLEGE REV 2% 1.19%

  4. BURKE CNTY GA DEV AUTH POLLUTN CTL REV 2.35% 0.93%

  5. NEW JERSEY ST HSG & MTG FIN AGY MULTI-FAMILY REV 2% 0.92%

  6. ILLINOIS ST 5% 0.91%

  7. BOARD COOP EDL SVCS N Y SOLE SUPERVISORY DIST 2.25% 0.84%

  8. FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 1.9% 0.79%

  9. OHIO ST HIGHER EDL FAC COMMN REV 1.65% 0.75%

  10. CHICAGO ILL O HARE INTL ARPT REV 5% 0.75%


Asset Allocation

Weighting Return Low Return High NSMMX % Rank
Bonds
90.62% 80.17% 129.72% 91.83%
Cash
9.38% -37.85% 22.95% 5.42%
Stocks
0.00% -14.50% 14.08% 97.07%
Preferred Stocks
0.00% -1.25% 4.10% 98.21%
Other
0.00% -16.03% 27.53% 92.42%
Convertible Bonds
0.00% 0.00% 6.30% 99.16%

Bond Sector Breakdown

Weighting Return Low Return High NSMMX % Rank
Municipal
89.54% 0.00% 106.42% 41.65%
Cash & Equivalents
10.45% -37.85% 22.95% 4.29%
Corporate
0.01% -1.23% 99.47% 60.73%
Derivative
0.00% -24.73% 33.80% 90.66%
Securitized
0.00% 0.00% 141.25% 99.52%
Government
0.00% -74.40% 115.78% 95.57%

Bond Geographic Breakdown

Weighting Return Low Return High NSMMX % Rank
US
90.62% 66.38% 150.14% 59.45%
Non US
0.00% -43.03% 26.38% 99.45%

NSMMX - Expenses

Operational Fees

NSMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.00% 209.96% 47.19%
Management Fee 0.43% 0.00% 1.25% 64.47%
12b-1 Fee 0.25% 0.00% 1.00% 61.77%
Administrative Fee 0.07% 0.00% 0.63% 37.95%

Sales Fees

NSMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 1.00% 0.00% 5.75% 99.10%
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

NSMMX 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.

NSMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 55.00% 0.00% 1856.00% 55.24%

NSMMX - Distributions

Dividend Yield Analysis

NSMMX Category Low Category High NSMMX % Rank
Dividend Yield 1.30% 0.00% 95.96% 56.41%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

NSMMX Category Low Category High NSMMX % Rank
Net Income Ratio 1.44% -0.18% 4.99% 91.48%

Capital Gain Distribution Analysis

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

NSMMX - Managers

Catherine M. Stienstra

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2012

6.92

6.9%

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.


Anders Myhran

Manager

Start Date

Tenure

Tenure Rank

Apr 15, 2015

4.38

4.4%

Mr. Myhran joined the Investment Manager in 1992. Mr. Myhran began his investment career in 1992 and earned a B.A. in business with majors in finance and quantitative analysis from the University of Wisconsin.


Tenure Analysis

Category Low

0.0

Category High

39.94

Category Average

7.49

Category Mode

7.29