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Columbia Strategic New York Municipal Income Fund
mutual fund
CNTYX
Payout Change
Pending
Price as of:
$26.07
+0.07
+0.27%
primary theme
Municipal Bond
share class
CNTYX (Mutual Fund)
Columbia Strategic New York Municipal Income Fund
Payout Change
Pending
Price as of:
$26.07
+0.07
+0.27%
primary theme
Municipal Bond
share class
CNTYX (Mutual Fund)
Columbia Strategic New York Municipal Income Fund
Payout Change
Pending
Price as of:
$26.07
+0.07
+0.27%
primary theme
Municipal Bond
share class
Name
As of 12/20/2024Price
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
2.7%
1 yr return
2.8%
3 Yr Avg Return
-1.5%
5 Yr Avg Return
32.9%
Net Assets
$127 M
Holdings in Top 10
23.9%
52 WEEK LOW AND HIGH
$26.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.57%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 18.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
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
CNTYX - Profile
Distributions
- YTD Total Return 2.7%
- 3 Yr Annualized Total Return -1.5%
- 5 Yr Annualized Total Return 32.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.70%
- Dividend Yield 3.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameColumbia Strategic New York Municipal Income Fund
-
Fund Family NameColumbia Funds Complex
-
Inception DateMar 01, 2017
-
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 municipal bonds that pay interest exempt from U.S. federal income tax (including the federal alternative minimum tax) and New York individual income tax. The Fund may invest in municipal debt instruments of any duration, maturity and credit quality, including below investment grade debt (commonly referred to as “high yield” investments or “junk” bonds). The Fund may invest up to 20% of its net assets in debt instruments that generate income subject to federal income tax, including the federal alternative minimum tax.
For purposes of the Fund’s 80% investment policy, these bonds and other debt instruments include those issued by or on behalf of the State of New York and its political subdivisions, agencies, authorities and instrumentalities, as well as by or on behalf of other qualified issuers, including those of U.S. territories, commonwealths and possessions, such as Guam, Puerto Rico and the U.S. Virgin Islands. The Fund may also invest in securities of other open-end or closed-end investment companies, including exchange-traded funds and municipal bond money market funds, that invest primarily in the types of debt instruments in which the Fund may invest directly. Given the flexible investment approach of the Fund, its maturity, duration, credit quality and sector allocations may fluctuate.
The Fund may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity.
The Fund may also invest in zero-coupon bonds.
The Fund may invest in derivatives such as futures (including interest rate futures and other bond futures) for yield curve exposure, hedging and non-hedging purposes, and inverse floaters for the purpose of enhancing income.
The Fund is non-diversified, which means that it can invest a greater percentage of its assets in the securities of fewer issuers than can a diversified fund.
CNTYX - Performance
Return Ranking - Trailing
| Period | CNTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -6.1% | 36.1% | 34.59% |
| 1 Yr | 2.8% | -6.0% | 38.2% | 42.71% |
| 3 Yr | -1.5%* | -11.5% | 5.9% | 81.76% |
| 5 Yr | 32.9%* | -7.2% | 1103.7% | 0.49% |
| 10 Yr | N/A* | -1.1% | 248.9% | 27.30% |
* Annualized
Return Ranking - Calendar
| Period | CNTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.3% | -1.4% | 41.0% | 8.08% |
| 2022 | -16.7% | -39.7% | 0.3% | 93.65% |
| 2021 | 0.0% | -5.6% | 6.9% | 27.63% |
| 2020 | 305.3% | -2.6% | 310.0% | 1.19% |
| 2019 | 3.7% | 0.0% | 26.0% | 51.19% |
Total Return Ranking - Trailing
| Period | CNTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -6.1% | 36.1% | 34.59% |
| 1 Yr | 2.8% | -6.0% | 38.2% | 42.71% |
| 3 Yr | -1.5%* | -11.5% | 5.9% | 81.76% |
| 5 Yr | 32.9%* | -7.2% | 1103.7% | 0.49% |
| 10 Yr | N/A* | -1.1% | 248.9% | 27.44% |
* Annualized
Total Return Ranking - Calendar
| Period | CNTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.7% | -1.3% | 41.0% | 2.36% |
| 2022 | -13.8% | -39.7% | 1.1% | 92.22% |
| 2021 | 3.7% | -4.8% | 23761504.0% | 8.45% |
| 2020 | 319.5% | -1.5% | 17057.9% | 0.49% |
| 2019 | 6.9% | 0.2% | 3514.6% | 40.96% |
NAV & Total Return History
CNTYX - Holdings
Concentration Analysis
| CNTYX | Category Low | Category High | CNTYX % Rank | |
|---|---|---|---|---|
| Net Assets | 127 M | 3.22 M | 71.9 B | 82.19% |
| Number of Holdings | 106 | 4 | 13418 | 81.73% |
| Net Assets in Top 10 | 30.5 M | -317 M | 3.09 B | 78.11% |
| Weighting of Top 10 | 23.85% | 1.8% | 100.3% | 25.81% |
Top 10 Holdings
- New York City Municipal Water Finance Authority 2.61%
- City of New York NY 2.60%
- Triborough Bridge Tunnel Authority Sales Tax Revenue 2.58%
- New York Transportation Development Corp 2.44%
- TSASC Inc/NY 2.39%
- New York City Transitional Finance Authority Future Tax Secured Revenue 2.30%
- City of New York NY 2.30%
- New York State Dormitory Authority 2.26%
- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 2.24%
- Triborough Bridge Tunnel Authority Sales Tax Revenue 2.13%
Asset Allocation
| Weighting | Return Low | Return High | CNTYX % Rank | |
|---|---|---|---|---|
| Bonds | 98.20% | 0.00% | 150.86% | 64.43% |
| Cash | 1.80% | -50.86% | 44.62% | 35.59% |
| Stocks | 0.00% | 0.00% | 99.77% | 22.62% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 10.95% |
| Other | 0.00% | -3.69% | 53.54% | 23.44% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 10.18% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | CNTYX % Rank | |
|---|---|---|---|---|
| Municipal | 99.86% | 44.39% | 100.00% | 17.94% |
| Cash & Equivalents | 1.14% | 0.00% | 44.41% | 31.70% |
| Derivative | 0.00% | -3.69% | 53.54% | 52.32% |
| Securitized | 0.00% | 0.00% | 5.93% | 50.24% |
| Corporate | 0.00% | 0.00% | 9.41% | 58.13% |
| Government | 0.00% | 0.00% | 52.02% | 17.13% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | CNTYX % Rank | |
|---|---|---|---|---|
| US | 98.20% | 0.00% | 142.23% | 62.06% |
| Non US | 0.00% | 0.00% | 23.89% | 14.84% |
CNTYX - Expenses
Operational Fees
| CNTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.57% | 0.01% | 8.02% | 71.98% |
| Management Fee | 0.47% | 0.00% | 1.20% | 69.66% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 1.80% |
| Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
| CNTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 4.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| CNTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
| CNTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 0.00% | 283.00% | 50.73% |
CNTYX - Distributions
Dividend Yield Analysis
| CNTYX | Category Low | Category High | CNTYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.70% | 0.00% | 14.51% | 5.03% |
Dividend Distribution Analysis
| CNTYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| CNTYX | Category Low | Category High | CNTYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.70% | -0.53% | 5.33% | 12.78% |
Capital Gain Distribution Analysis
| CNTYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.080 | OrdinaryDividend |
| Oct 31, 2024 | $0.085 | OrdinaryDividend |
| Sep 30, 2024 | $0.082 | OrdinaryDividend |
| Aug 30, 2024 | $0.085 | OrdinaryDividend |
| Jul 31, 2024 | $0.085 | OrdinaryDividend |
| Apr 30, 2024 | $0.082 | OrdinaryDividend |
| Mar 28, 2024 | $0.084 | OrdinaryDividend |
| Feb 29, 2024 | $0.078 | OrdinaryDividend |
| Jan 31, 2024 | $0.084 | OrdinaryDividend |
| Dec 29, 2023 | $0.083 | OrdinaryDividend |
| Nov 30, 2023 | $0.080 | OrdinaryDividend |
| Oct 31, 2023 | $0.087 | OrdinaryDividend |
| Sep 29, 2023 | $0.079 | OrdinaryDividend |
| Aug 31, 2023 | $0.081 | OrdinaryDividend |
| Jul 31, 2023 | $0.088 | OrdinaryDividend |
| Jun 30, 2023 | $0.078 | OrdinaryDividend |
| May 31, 2023 | $0.081 | OrdinaryDividend |
| Apr 28, 2023 | $0.079 | OrdinaryDividend |
| Mar 31, 2023 | $0.081 | OrdinaryDividend |
| Feb 28, 2023 | $0.071 | OrdinaryDividend |
| Jan 31, 2023 | $0.081 | OrdinaryDividend |
| Dec 30, 2022 | $0.081 | OrdinaryDividend |
| Nov 30, 2022 | $0.076 | OrdinaryDividend |
| Oct 31, 2022 | $0.078 | OrdinaryDividend |
| Sep 30, 2022 | $0.074 | OrdinaryDividend |
| Aug 31, 2022 | $0.075 | OrdinaryDividend |
| Jul 29, 2022 | $0.077 | OrdinaryDividend |
| Jun 30, 2022 | $0.070 | OrdinaryDividend |
| May 31, 2022 | $0.072 | OrdinaryDividend |
| Apr 29, 2022 | $0.071 | OrdinaryDividend |
| Mar 31, 2022 | $0.070 | OrdinaryDividend |
| Feb 28, 2022 | $0.059 | OrdinaryDividend |
| Jan 31, 2022 | $0.067 | OrdinaryDividend |
| Dec 31, 2021 | $0.067 | OrdinaryDividend |
| Dec 03, 2021 | $0.103 | CapitalGainShortTerm |
| Dec 03, 2021 | $0.129 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.066 | OrdinaryDividend |
| Oct 29, 2021 | $0.068 | OrdinaryDividend |
| Sep 30, 2021 | $0.066 | OrdinaryDividend |
| Aug 31, 2021 | $0.068 | OrdinaryDividend |
| Jul 30, 2021 | $0.069 | OrdinaryDividend |
| Jun 30, 2021 | $0.068 | OrdinaryDividend |
| May 28, 2021 | $0.070 | OrdinaryDividend |
| Apr 30, 2021 | $0.069 | OrdinaryDividend |
| Mar 31, 2021 | $0.069 | OrdinaryDividend |
| Feb 26, 2021 | $0.064 | OrdinaryDividend |
| Jan 29, 2021 | $0.071 | OrdinaryDividend |
| Dec 31, 2020 | $0.072 | OrdinaryDividend |
| Dec 02, 2020 | $0.015 | CapitalGainShortTerm |
| Dec 02, 2020 | $0.161 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.071 | OrdinaryDividend |
| Oct 30, 2020 | $0.072 | OrdinaryDividend |
| Sep 30, 2020 | $0.051 | OrdinaryDividend |
| Aug 31, 2020 | $0.018 | OrdinaryDividend |
| Jul 31, 2020 | $0.018 | OrdinaryDividend |
| Jun 30, 2020 | $0.018 | OrdinaryDividend |
| May 29, 2020 | $0.018 | OrdinaryDividend |
| Apr 30, 2020 | $0.018 | OrdinaryDividend |
| Mar 31, 2020 | $0.019 | OrdinaryDividend |
| Feb 28, 2020 | $0.017 | OrdinaryDividend |
| Jan 31, 2020 | $0.019 | OrdinaryDividend |
| Dec 31, 2019 | $0.000 | OrdinaryDividend |
| Dec 03, 2019 | $0.019 | CapitalGainShortTerm |
| Dec 03, 2019 | $0.053 | CapitalGainLongTerm |
| 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 |
| Nov 30, 2017 | $0.013 | CapitalGainLongTerm |
CNTYX - Fund Manager Analysis
Managers
Catherine Stienstra
Start Date
Tenure
Tenure Rank
Oct 01, 2010
11.67
11.7%
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.
Anders Myhran
Start Date
Tenure
Tenure Rank
Oct 01, 2016
5.67
5.7%
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.
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 |
|---|---|---|---|
| 0.08 | 35.05 | 7.36 | 1.58 |
