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Morningstar

Columbia Minnesota Tax-Exempt C RMTCX

Morningstar Medalist Rating
Medalist Rating as of | See Columbia Threadneedle Investment Hub
  • NAV / 1-Day Return 18.90  /  0.38 %
  • Total Assets 512.8 Mil
  • Adj. Expense Ratio
    1.520%
  • Expense Ratio 1.520%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Muni Minnesota
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 2.47%
  • Effective Duration 8.25 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:18 PM GMT+0

Morningstar’s Analysis RMTCX

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

People Pillar

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

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

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.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings RMTCX

More RMTCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 284
  • Other Holdings 3
  • % Assets in Top 10 Holdings 17.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ROCHESTER MINN HEALTH CARE FACS REV 5%

2.60
13,475,030
municipal

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

1.94
10,040,449
municipal

ROSEVILLE MINN INDPT SCH DIST NO 623 4%

1.89
9,803,319
municipal

BRAINERD MINN INDPT SCH DIST NO 181 4%

1.88
9,744,991
municipal

MAPLE GROVE MINN HEALTH CARE FACS REV 4%

1.79
9,280,760
municipal

SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0%

1.75
9,082,229
municipal

ROCHESTER MINN HEALTH CARE FACS REV 5%

1.62
8,370,364
municipal

MINNESOTA ST HIGHER ED FACS AUTH REV 5%

1.53
7,929,160
municipal

CHIPPEWA CNTY MINN GROSS REV 4%

1.29
6,672,182
municipal

MINNEAPOLIS MINN HEALTH CARE SYS REV 5%

1.24
6,428,209
municipal