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Trending ETFs

Columbia Minnesota Tax-Exempt Fund

mutual fund
RMTCX
Payout Change
Pending
Price as of:
$19.8 -0.1 -0.5%
primary theme
Municipal Bond
share class
C (RMTCX) Instl (CADOX) A (IMNTX) Instl (CMNZX) Instl (CMNYX)
RMTCX (Mutual Fund)

Columbia Minnesota Tax-Exempt Fund

Payout Change
Pending
Price as of:
$19.8 -0.1 -0.5%
primary theme
Municipal Bond
share class
C (RMTCX) Instl (CADOX) A (IMNTX) Instl (CMNZX) Instl (CMNYX)
RMTCX (Mutual Fund)

Columbia Minnesota Tax-Exempt Fund

Payout Change
Pending
Price as of:
$19.8 -0.1 -0.5%
primary theme
Municipal Bond
share class
C (RMTCX) Instl (CADOX) A (IMNTX) Instl (CMNZX) Instl (CMNYX)

Name

As of 12/13/2024

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 Minnesota Tax-Exempt Fund

RMTCX | Fund

$19.80

$523 M

2.36%

$0.47

1.56%

Vitals

YTD Return

3.2%

1 yr return

3.7%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

31.2%

Net Assets

$523 M

Holdings in Top 10

18.1%

52 WEEK LOW AND HIGH

$19.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.56%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 7.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/13/2024

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 Minnesota Tax-Exempt Fund

RMTCX | Fund

$19.80

$523 M

2.36%

$0.47

1.56%

RMTCX - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return 31.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.41%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Columbia Minnesota Tax-Exempt Fund
  • Fund Family Name
    Columbia Funds Complex
  • Inception Date
    Jun 26, 2000
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Catherine Stienstra

Fund Description

Under normal market circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in municipal obligations that are generally exempt from U.S. federal income tax as well as from Minnesota state and local income tax. These securities are issued by or on behalf of the State of Minnesota and its political subdivisions, agencies, authorities and instrumentalities, by other qualified issuers and by mutual funds that invest in such securities.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 more than 25% of its total assets in a particular segment of the municipal securities market, including the health care sector.The Fund may invest up to 20% of its net assets in securities that pay interest subject to taxation, including the federal alternative minimum tax.The Fund may invest up to 25% of its total assets in debt instruments that, at the time of purchase, are rated below investment grade or are unrated but determined to be of comparable quality (commonly referred to as “high-yield” investments or “junk” bonds).
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 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.
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.
Read More

RMTCX - Performance

Return Ranking - Trailing

Period RMTCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -4.5% 38.3% 30.09%
1 Yr 3.7% -2.5% 44.5% 24.38%
3 Yr -2.2%* -10.2% 5.8% 93.51%
5 Yr 31.2%* -6.5% 1104.9% 1.61%
10 Yr 15.9%* -0.9% 249.0% 1.55%

* Annualized

Return Ranking - Calendar

Period RMTCX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -1.4% 41.0% 77.85%
2022 -14.5% -39.7% 0.3% 85.53%
2021 -0.6% -5.6% 6.9% 51.89%
2020 307.7% -2.6% 310.0% 0.84%
2019 4.3% 0.0% 26.0% 31.46%

Total Return Ranking - Trailing

Period RMTCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -4.5% 38.3% 30.09%
1 Yr 3.7% -2.5% 44.5% 24.38%
3 Yr -2.2%* -10.2% 5.8% 93.51%
5 Yr 31.2%* -6.5% 1104.9% 1.61%
10 Yr 15.9%* -0.9% 249.0% 1.55%

* Annualized

Total Return Ranking - Calendar

Period RMTCX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -1.3% 41.0% 76.70%
2022 -12.8% -39.7% 1.1% 89.42%
2021 0.9% -4.8% 23761504.0% 67.49%
2020 312.8% -1.5% 17057.9% 1.47%
2019 6.6% 0.2% 3514.6% 47.80%

NAV & Total Return History

RMTCX - Holdings

Concentration Analysis

RMTCX Category Low Category High RMTCX % Rank
Net Assets 523 M 3.22 M 71.9 B 46.91%
Number of Holdings 269 4 13418 44.66%
Net Assets in Top 10 93.8 M -317 M 3.09 B 46.41%
Weighting of Top 10 18.07% 1.8% 100.3% 49.19%

Top 10 Holdings

  1. City of Rochester MN 2.69%
  2. Housing Redevelopment Authority of The City of St Paul Minnesota 2.03%
  3. Roseville Independent School District No 623 1.95%
  4. City of Maple Grove MN 1.91%
  5. Brainerd Independent School District No 181 1.91%
  6. Southern Minnesota Municipal Power Agency 1.82%
  7. Minnesota Higher Education Facilities Authority 1.59%
  8. County of Chippewa MN 1.43%
  9. State of Minnesota 1.37%
  10. Stillwater Independent School District No 834 1.36%

Asset Allocation

Weighting Return Low Return High RMTCX % Rank
Bonds 		99.09% 0.00% 150.86% 46.78%
Cash 		0.91% -50.86% 44.62% 53.53%
Stocks 		0.00% 0.00% 99.78% 40.94%
Preferred Stocks 		0.00% 0.00% 0.07% 30.36%
Other 		0.00% -3.69% 53.54% 40.03%
Convertible Bonds 		0.00% 0.00% 0.93% 29.94%

Bond Sector Breakdown

Weighting Return Low Return High RMTCX % Rank
Municipal 		99.97% 44.39% 100.00% 11.94%
Cash & Equivalents 		0.83% 0.00% 44.41% 36.53%
Corporate 		0.03% 0.00% 9.41% 16.45%
Derivative 		0.00% -3.69% 53.54% 38.15%
Securitized 		0.00% 0.00% 5.93% 31.56%
Government 		0.00% 0.00% 52.02% 35.54%

Bond Geographic Breakdown

Weighting Return Low Return High RMTCX % Rank
US 		99.09% 0.00% 142.23% 44.80%
Non US 		0.00% 0.00% 23.89% 34.86%

RMTCX - Expenses

Operational Fees

RMTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.56% 0.01% 8.02% 12.37%
Management Fee 0.47% 0.00% 1.20% 70.94%
12b-1 Fee 1.00% 0.00% 1.00% 86.10%
Administrative Fee N/A 0.01% 0.44% 31.79%

Sales Fees

RMTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load 1.00% 0.25% 5.00% 36.71%

Trading Fees

RMTCX 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.

RMTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 283.00% 10.10%

RMTCX - Distributions

Dividend Yield Analysis

RMTCX Category Low Category High RMTCX % Rank
Dividend Yield 2.36% 0.00% 14.51% 74.09%

Dividend Distribution Analysis

RMTCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

RMTCX Category Low Category High RMTCX % Rank
Net Income Ratio 1.41% -0.53% 5.33% 75.39%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RMTCX - Fund Manager Analysis

Managers

Catherine Stienstra

Start Date

Tenure

Tenure Rank

Aug 31, 2007

14.76

14.8%

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.

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

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