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Morningstar

Columbia Minnesota Tax-Exempt Inst CMNZX

Morningstar Medalist Rating
Medalist Rating as of | See Columbia Threadneedle Investment Hub
  • NAV / 1-Day Return 19.23  /  +0.01 %
  • Total Assets 514.9 Mil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni Minnesota
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 3.32%
  • Effective Duration 8.47 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis CMNZX

Will CMNZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CMNZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CMNZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CMNZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Columbia Minnesota Tax-Exempt Inst's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings CMNZX

More CMNZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ROCHESTER MINN HEALTH CARE FACS REV 5%

2.78 14.5 Mil
municipal

ST PAUL MINN HSG & REDEV AUTH HEALTH CARE FAC REV 4%

2.09 10.9 Mil
municipal

ROSEVILLE MINN INDPT SCH DIST NO 623 4%

2.00 10.4 Mil
municipal

BRAINERD MINN INDPT SCH DIST NO 181 4%

1.97 10.2 Mil
municipal

MAPLE GROVE MINN HEALTH CARE FACS REV 4%

1.95 10.2 Mil
municipal

SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0%

1.79 9.3 Mil
municipal

MINNESOTA ST HIGHER ED FACS AUTH REV 5%

1.60 8.3 Mil
municipal

CHIPPEWA CNTY MINN GROSS REV 4%

1.46 7.6 Mil
municipal

MINNESOTA ST 4%

1.40 7.3 Mil
municipal

MINNEAPOLIS MINN HEALTH CARE SYS REV 4%

1.32 6.9 Mil
municipal