SRHMX: Columbia High Yield Municipal Inst

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SRHMX Columbia High Yield Municipal Inst


Profile

SRHMX - Profile

Vitals

  • YTD Return -2.2%
  • 3 Yr Annualized Return -0.3%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $748 M
  • Holdings in Top 10 12.5%

52 WEEK LOW AND HIGH

$10.56
$9.23
$11.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

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

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -2.2%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.19%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Columbia High Yield Municipal Fund
  • Fund Family Name
    Columbia
  • Inception Date
    Mar 05, 1984
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • 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. It may invest in bonds of any maturity.


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Categories

Performance

SRHMX - Performance

Return Ranking - Trailing

Period SRHMX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.2% -10.6% 3.8% 62.12%
1 Yr -2.9% -11.4% 5.3% 75.38%
3 Yr -0.3%* -1.2% 3.5% 77.71%
5 Yr -0.1%* -2.2% 3.0% 80.27%
10 Yr 0.6%* -1.4% 2.1% 62.50%

* Annualized

Return Ranking - Calendar

Period SRHMX Return Category Return Low Category Return High Rank in Category (%)
2019 4.1% -0.7% 9.1% 74.48%
2018 -2.6% -4.8% 9.2% 60.11%
2017 2.5% -9.7% 8.6% 74.84%
2016 -3.6% -6.1% -0.8% 75.00%
2015 0.5% -5.6% 2.9% 40.74%

Total Return Ranking - Trailing

Period SRHMX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.2% -10.6% 3.8% 62.12%
1 Yr -2.9% -11.4% 5.3% 75.38%
3 Yr -0.3%* -1.2% 3.5% 80.57%
5 Yr -0.1%* -2.2% 3.2% 80.27%
10 Yr 0.6%* -1.4% 4.6% 66.35%

* Annualized

Total Return Ranking - Calendar

Period SRHMX Return Category Return Low Category Return High Rank in Category (%)
2019 4.1% -0.7% 9.1% 74.48%
2018 -2.6% -4.8% 9.2% 62.92%
2017 2.5% -9.7% 8.8% 77.36%
2016 -3.6% -6.1% 1.1% 76.97%
2015 0.5% -5.6% 5.3% 46.67%

NAV & Total Return History


Holdings

SRHMX - Holdings

Concentration Analysis

SRHMX Category Low Category High SRHMX % Rank
Net Assets 748 M 590 K 18.9 B 60.70%
Number of Holdings 301 5 3546 70.15%
Net Assets in Top 10 89.8 M -38.7 M 2.74 B 63.18%
Weighting of Top 10 12.50% 4.8% 96.4% 62.31%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 2.94%
  2. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.77%
  3. VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV 5% 1.22%
  4. M-S-R ENERGY AUTH CALIF GAS REV 6.5% 1.10%
  5. TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5% 1.00%
  6. CHESAPEAKE VA TOLL RD REV 0% 0.98%
  7. TENNESSEE HSG DEV AGY RESIDENTIAL FIN PROG REV 3.85% 0.92%
  8. COLORADO BRDG ENTERPRISE REV 4% 0.91%
  9. MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET BACKED REV 6% 0.84%
  10. CHICAGO ILL O HARE INTL ARPT REV 5% 0.83%

Asset Allocation

Weighting Return Low Return High SRHMX % Rank
Bonds
99.97% 0.00% 148.07% 15.35%
Cash
0.03% -1.38% 100.00% 84.08%
Stocks
0.00% 0.00% 4.46% 84.65%
Preferred Stocks
0.00% -48.07% 0.00% 79.10%
Other
0.00% -0.04% 1.65% 84.08%
Convertible Bonds
0.00% 0.00% 0.00% 80.60%

Bond Sector Breakdown

Weighting Return Low Return High SRHMX % Rank
Municipal
99.95% 0.00% 100.00% 11.94%
Corporate
0.05% 0.00% 9.75% 26.37%
Derivative
0.00% 0.00% 0.25% 80.60%
Cash & Equivalents
0.00% 0.00% 100.00% 99.00%
Securitized
0.00% 0.00% 0.00% 80.60%
Government
0.00% -2.36% 0.86% 83.08%

Bond Geographic Breakdown

Weighting Return Low Return High SRHMX % Rank
US
98.40% 0.00% 141.91% 17.91%
Non US
1.57% 0.00% 16.32% 78.61%

Expenses

SRHMX - Expenses

Operational Fees

SRHMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.18% 7.04% 79.00%
Management Fee 0.54% 0.00% 1.25% 75.25%
12b-1 Fee 0.00% 0.00% 1.00% 15.65%
Administrative Fee N/A 0.01% 0.35% 46.05%

Sales Fees

SRHMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SRHMX 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.

SRHMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 5.10% 314.00% 74.63%

Distributions

SRHMX - Distributions

Dividend Yield Analysis

SRHMX Category Low Category High SRHMX % Rank
Dividend Yield 0.00% 0.00% 0.62% 81.19%

Dividend Distribution Analysis

SRHMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

SRHMX Category Low Category High SRHMX % Rank
Net Income Ratio 4.19% -0.98% 5.67% 16.50%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SRHMX - Fund Manager Analysis

Managers

Catherine Stienstra


Start Date

Tenure

Tenure Rank

Oct 01, 2016

3.83

3.8%

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.

Douglas White


Start Date

Tenure

Tenure Rank

Dec 03, 2018

1.66

1.7%

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
0.33 28.6 7.12 0.69