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Columbia High Yield Municipal Fund
mutual fund
CHMYX
Payout Change
Pending
Price as of:
$9.16
+0.0
+0.0%
primary theme
High Yield Municipal Bond
CHMYX (Mutual Fund)
Columbia High Yield Municipal Fund
Payout Change
Pending
Price as of:
$9.16
+0.0
+0.0%
primary theme
High Yield Municipal Bond
CHMYX (Mutual Fund)
Columbia High Yield Municipal Fund
Payout Change
Pending
Price as of:
$9.16
+0.0
+0.0%
primary theme
High Yield Municipal Bond
Name
As of 12/27/2024Price
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
Vitals
YTD Return
7.2%
1 yr return
7.2%
3 Yr Avg Return
-1.6%
5 Yr Avg Return
0.9%
Net Assets
$508 M
Holdings in Top 10
14.5%
52 WEEK LOW AND HIGH
$9.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.68%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/27/2024Price
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
CHMYX - Profile
Distributions
- YTD Total Return 7.2%
- 3 Yr Annualized Total Return -1.6%
- 5 Yr Annualized Total Return 0.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.64%
- Dividend Yield 4.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameColumbia High Yield Municipal Fund
-
Fund Family NameColumbia Funds Complex
-
Inception DateNov 08, 2012
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCatherine 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.
CHMYX - Performance
Return Ranking - Trailing
| Period | CHMYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.2% | -4.0% | 11.1% | 2.99% |
| 1 Yr | 7.2% | -4.1% | 11.1% | 2.99% |
| 3 Yr | -1.6%* | -9.3% | 2.5% | 66.33% |
| 5 Yr | 0.9%* | -5.3% | 3.5% | 56.41% |
| 10 Yr | 2.7%* | -0.7% | 155.2% | 52.76% |
* Annualized
Return Ranking - Calendar
| Period | CHMYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.1% | -6.2% | 7.5% | 68.32% |
| 2022 | -20.8% | -26.9% | -3.5% | 89.45% |
| 2021 | 3.0% | -1.9% | 5.6% | 22.84% |
| 2020 | -0.4% | -4.0% | 4.2% | 72.96% |
| 2019 | 4.1% | -0.7% | 9.1% | 79.47% |
Total Return Ranking - Trailing
| Period | CHMYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.2% | -4.0% | 11.1% | 2.99% |
| 1 Yr | 7.2% | -4.1% | 11.1% | 2.99% |
| 3 Yr | -1.6%* | -9.3% | 2.5% | 66.33% |
| 5 Yr | 0.9%* | -5.3% | 3.5% | 56.41% |
| 10 Yr | 2.7%* | -0.7% | 155.2% | 52.76% |
* Annualized
Total Return Ranking - Calendar
| Period | CHMYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.6% | -4.1% | 10.9% | 38.61% |
| 2022 | -16.8% | -26.9% | 4.3% | 84.42% |
| 2021 | 7.0% | -1.9% | 10.0% | 14.72% |
| 2020 | 3.7% | -2.6% | 8.2% | 44.39% |
| 2019 | 6.9% | -0.7% | 1028633.9% | 85.79% |
NAV & Total Return History
CHMYX - Holdings
Concentration Analysis
| CHMYX | Category Low | Category High | CHMYX % Rank | |
|---|---|---|---|---|
| Net Assets | 508 M | 3.1 M | 15.6 B | 62.00% |
| Number of Holdings | 267 | 20 | 3325 | 72.86% |
| Net Assets in Top 10 | 72.8 M | -102 M | 1.96 B | 64.82% |
| Weighting of Top 10 | 14.52% | 4.6% | 98.9% | 35.68% |
Top 10 Holdings
- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 2.74%
- Buckeye Tobacco Settlement Financing Authority 1.70%
- REF-CONVERTIBLE CABS-TRANSPRTN 1.56%
- Iowa Tobacco Settlement Authority 1.55%
- SER B 1.29%
- Puerto Rico Commonwealth Aqueduct Sewer Authority 1.22%
- California Infrastructure Economic Development Bank 1.21%
- South Carolina Public Service Authority 1.15%
- Chicago Board of Education 1.05%
- Colorado Bridge Enterprise 1.05%
Asset Allocation
| Weighting | Return Low | Return High | CHMYX % Rank | |
|---|---|---|---|---|
| Bonds | 99.53% | 0.00% | 146.69% | 44.06% |
| Cash | 0.47% | -0.64% | 10.86% | 56.78% |
| Stocks | 0.00% | 0.00% | 99.72% | 94.55% |
| Preferred Stocks | 0.00% | -47.61% | 0.00% | 92.96% |
| Other | 0.00% | -5.67% | 5.07% | 87.94% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 92.96% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | CHMYX % Rank | |
|---|---|---|---|---|
| Municipal | 99.65% | 50.68% | 100.00% | 21.61% |
| Cash & Equivalents | 0.10% | 0.00% | 10.86% | 37.69% |
| Corporate | 0.02% | 0.00% | 2.83% | 52.26% |
| Derivative | 0.00% | -7.70% | 1.10% | 85.93% |
| Securitized | 0.00% | 0.00% | 22.44% | 92.96% |
| Government | 0.00% | 0.00% | 0.09% | 92.96% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | CHMYX % Rank | |
|---|---|---|---|---|
| US | 99.53% | 0.00% | 139.84% | 39.70% |
| Non US | 0.00% | 0.00% | 13.35% | 92.96% |
CHMYX - Expenses
Operational Fees
| CHMYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.68% | 0.22% | 3.44% | 79.21% |
| Management Fee | 0.54% | 0.00% | 1.41% | 76.24% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 20.56% |
| Administrative Fee | N/A | 0.02% | 0.35% | 48.68% |
Sales Fees
| CHMYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 4.50% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| CHMYX 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.
| CHMYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 22.00% | 2.00% | 121.00% | 59.36% |
CHMYX - Distributions
Dividend Yield Analysis
| CHMYX | Category Low | Category High | CHMYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.89% | 0.00% | 5.94% | 20.79% |
Dividend Distribution Analysis
| CHMYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| CHMYX | Category Low | Category High | CHMYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.64% | 1.11% | 5.44% | 23.27% |
Capital Gain Distribution Analysis
| CHMYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.037 | OrdinaryDividend |
| Oct 31, 2024 | $0.038 | OrdinaryDividend |
| Sep 30, 2024 | $0.039 | OrdinaryDividend |
| Aug 30, 2024 | $0.040 | OrdinaryDividend |
| Jul 31, 2024 | $0.041 | OrdinaryDividend |
| Apr 30, 2024 | $0.033 | OrdinaryDividend |
| Mar 28, 2024 | $0.034 | OrdinaryDividend |
| Jan 31, 2024 | $0.034 | OrdinaryDividend |
| Dec 29, 2023 | $0.034 | OrdinaryDividend |
| Nov 30, 2023 | $0.033 | OrdinaryDividend |
| Oct 31, 2023 | $0.034 | OrdinaryDividend |
| Sep 29, 2023 | $0.032 | OrdinaryDividend |
| Aug 31, 2023 | $0.033 | OrdinaryDividend |
| Jul 31, 2023 | $0.036 | OrdinaryDividend |
| Jun 30, 2023 | $0.032 | OrdinaryDividend |
| May 31, 2023 | $0.034 | OrdinaryDividend |
| Apr 28, 2023 | $0.038 | OrdinaryDividend |
| Mar 31, 2023 | $0.040 | OrdinaryDividend |
| Feb 28, 2023 | $0.035 | OrdinaryDividend |
| Jan 31, 2023 | $0.040 | OrdinaryDividend |
| Dec 30, 2022 | $0.040 | OrdinaryDividend |
| Nov 30, 2022 | $0.040 | OrdinaryDividend |
| Oct 31, 2022 | $0.034 | OrdinaryDividend |
| Sep 30, 2022 | $0.033 | OrdinaryDividend |
| Aug 31, 2022 | $0.033 | OrdinaryDividend |
| Jul 29, 2022 | $0.036 | OrdinaryDividend |
| Jun 30, 2022 | $0.032 | OrdinaryDividend |
| May 31, 2022 | $0.038 | OrdinaryDividend |
| Apr 29, 2022 | $0.040 | OrdinaryDividend |
| Mar 31, 2022 | $0.037 | OrdinaryDividend |
| Feb 28, 2022 | $0.033 | OrdinaryDividend |
| Jan 31, 2022 | $0.034 | OrdinaryDividend |
| Dec 31, 2021 | $0.036 | OrdinaryDividend |
| Nov 30, 2021 | $0.032 | OrdinaryDividend |
| Oct 29, 2021 | $0.032 | OrdinaryDividend |
| Sep 30, 2021 | $0.030 | OrdinaryDividend |
| Aug 31, 2021 | $0.031 | OrdinaryDividend |
| Jul 30, 2021 | $0.032 | OrdinaryDividend |
| Jun 30, 2021 | $0.030 | OrdinaryDividend |
| May 28, 2021 | $0.032 | OrdinaryDividend |
| Apr 30, 2021 | $0.031 | OrdinaryDividend |
| Mar 31, 2021 | $0.032 | OrdinaryDividend |
| Feb 26, 2021 | $0.032 | OrdinaryDividend |
| Jan 29, 2021 | $0.031 | OrdinaryDividend |
| Dec 31, 2020 | $0.036 | OrdinaryDividend |
| Nov 30, 2020 | $0.030 | OrdinaryDividend |
| Oct 30, 2020 | $0.033 | OrdinaryDividend |
| Sep 30, 2020 | $0.032 | OrdinaryDividend |
| Aug 31, 2020 | $0.032 | OrdinaryDividend |
| Jul 31, 2020 | $0.033 | OrdinaryDividend |
| Jun 30, 2020 | $0.032 | OrdinaryDividend |
| May 29, 2020 | $0.037 | OrdinaryDividend |
| Apr 30, 2020 | $0.038 | OrdinaryDividend |
| Mar 31, 2020 | $0.039 | OrdinaryDividend |
| Feb 28, 2020 | $0.037 | OrdinaryDividend |
| Jan 31, 2020 | $0.039 | OrdinaryDividend |
| Dec 31, 2019 | $0.000 | OrdinaryDividend |
| Nov 29, 2019 | $0.000 | OrdinaryDividend |
| Oct 31, 2019 | $0.000 | OrdinaryDividend |
| Sep 30, 2019 | $0.000 | OrdinaryDividend |
| Aug 30, 2019 | $0.000 | OrdinaryDividend |
| Jul 31, 2019 | $0.000 | OrdinaryDividend |
CHMYX - 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 | 7.58 | 2.52 |
