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Morningstar

Columbia Tax-Exempt C COLCX

Morningstar Analyst Rating
Quantitative rating as of | See Columbia Threadneedle Investment Hub
  • NAV / 1-Day Return 11.87  /  0.24 %
  • Total Assets 2.4 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 1.330%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 2.65%
  • Effective Duration 9.18 years

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis COLCX

Will COLCX 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 COLCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the COLCX 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 COLCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Weakness in Columbia Tax-Exempt C's Process and People Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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