Morningstar

Columbia Minnesota Tax-Exempt Fund Institutional Class CMNZX

Morningstar Medalist Rating
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Medalist Rating as of See Columbia Threadneedle Investment Hub
  • NAV / 1-Day Return $18.65  /  +1.14 %
  • Fund Size $441.9M
  • Adjusted Expense Ratio 0.560%
  • Net Expense Ratio 0.560%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Muni Minnesota
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $2,000
  • Investment Status —
  • TTM Yield 3.63%
  • Average Effective Duration 7.89 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis CMNZX

Will CMNZX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Columbia Minnesota Tax-Exempt Inst holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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 17.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ROCHESTER MINN HEALTH CARE FACS REV 5%

2.72 14M
municipal

BlackRock Liquidity MuniCash Instl

2.67 13M
Cash and Equivalents

MAPLE GROVE MINN HEALTH CARE FACS REV 4%

2.07 10M
municipal

ROSEVILLE MINN INDPT SCH DIST NO 623 4%

2.05 10M
municipal

BRAINERD MINN INDPT SCH DIST NO 181 4%

2.01 10M
municipal

HENNEPIN CNTY MINN 5%

1.63 8M
municipal

MINNESOTA ST HIGHER ED FACS AUTH REV 5%

1.63 8M
municipal

CHIPPEWA CNTY MINN GROSS REV 4%

1.51 8M
municipal

MINNESOTA ST 4%

1.44 7M
municipal

STILLWATER MINN INDPT SCH DIST NO 834 4%

1.44 7M
municipal

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