Columbia Strategic Municipal Income Fund Institutional 2 Class (CADNX)
| Fund Assets | 1.69B |
| Expense Ratio | 0.50% |
| Min. Investment | $0.00 |
| Turnover | 33.00% |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 4.23% |
| Dividend Growth | 1.80% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 13.86 |
| YTD Return | -4.05% |
| 1-Year Return | -2.77% |
| 5-Year Return | -2.34% |
| 52-Week Low | 13.65 |
| 52-Week High | 15.15 |
| Beta (5Y) | n/a |
| Holdings | 521 |
| Inception Date | Dec 11, 2013 |
About CADNX
Columbia Strategic Municipal Income Fund Institutional 2 Class is an open-end mutual fund specializing in fixed-income investments, focusing on the municipal bond sector. Its primary objective is to provide investors with federally tax-exempt income by investing predominantly in long-duration municipal securities issued by state and local governments across the United States. These funds are generally used to support public projects, such as infrastructure, education, and healthcare facilities. The portfolio seeks to lower risk through broad diversification across multiple states and sectors, with at least 75% of its assets typically allocated to high-quality, investment-grade bonds. Featuring a multi-manager approach, the fund manages duration risk with an effective duration typically greater than 6 years, and an average maturity exceeding 12 years. As of June 2025, it has demonstrated competitive long-term returns relative to its peers and selected benchmarks, while maintaining a cost advantage through comparatively low expense ratios. The Columbia Strategic Municipal Income Fund Institutional 2 Class is positioned as a key option for investors seeking income that is generally free from federal taxes, making it notable in the muni national long fund category.
Performance
CADNX had a total return of -2.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.95%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLUVX | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.51% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income Fund | 0.44% |
Top 10 Holdings
10.59% of assets| Name | Symbol | Weight |
|---|---|---|
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 5 07.01.2058 | 1.39% |
| MICHIGAN ST TRUNK LINE - State of Michigan Trunk Line Revenue | MI.MISTRN 5.25 11.15.2049 | 1.20% |
| BUCKEYE OHIO TOB SETTLEMENT - Buckeye Tobacco Settlement Financing Authority | OH.BUCGEN 5 06.01.2055 | 1.20% |
| CHICAGO ILL O HARE INTL ARPT - Chicago O'Hare International Airport | IL.CHITRN 5 01.01.2055 | 1.16% |
| TEXAS PRIVATE ACTIVITY SURFACE TRANSPORTATION CORP - Texas Private Activity Bond Surface Transportation Corp | TX.TXSTRN 5 06.30.2058 | 1.11% |
| LOS ANGELES CALIF DEPARTMENT OF WATER & POWER - Los Angeles Department of Water & Power | CA.LOSUTL 07.01.2057 | 0.99% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 0 07.01.2046 | 0.96% |
| New Jersey Economic Development Authority | NJ.NJSDEV 5 11.01.2052 | 0.94% |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority | PR.PRCUTL 5 07.01.2047 | 0.87% |
| ILLINOIS (STATE OF) - State of Illinois | IL.ILS 5.5 03.01.2042 | 0.76% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.04649 | Jun 30, 2025 |
| May 30, 2025 | $0.04913 | May 30, 2025 |
| Apr 30, 2025 | $0.04766 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04873 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04423 | Feb 28, 2025 |
| Jan 31, 2025 | $0.04886 | Jan 31, 2025 |