Columbia Strategic Municipal Inc Inst2 (CADNX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
13.87
-0.02 (-0.14%)
Aug 21, 2025, 4:00 PM EDT
-0.14%
Fund Assets1.63B
Expense Ratio0.50%
Min. Investment$0.00
Turnover33.00%
Dividend (ttm)0.58
Dividend Yield4.18%
Dividend Growth-0.41%
Payout FrequencyMonthly
Ex-Dividend DateJul 31, 2025
Previous Close13.89
YTD Return-4.39%
1-Year Return-3.64%
5-Year Return-2.22%
52-Week Low13.65
52-Week High15.15
Beta (5Y)n/a
Holdings515
Inception DateDec 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.

Fund Family Columbia Threadneedle
Category Muni National Long
Stock Exchange NASDAQ
Ticker Symbol CADNX
Share Class Institutional 2 Class
Index Bloomberg Municipal Bond TR

Performance

CADNX had a total return of -3.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.90%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
FLUVXFidelityFidelity Advisor Municipal Income M0.75%
FKISXFidelityFidelity Advisor Municipal Income C1.50%
FROGXFidelityFidelity Advisor Municipal Income I0.51%
FUENXFidelityFidelity Flex Municipal Incomen/a
FHIGXFidelityFidelity Municipal Income0.44%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
CATYXInstitutional 3 Class0.45%
CATZXInstitutional Class0.50%
CATSXClass S0.50%
INTAXClass A0.75%

Top 10 Holdings

9.78% of assets
NameSymbolWeight
CHICAGO ILL O HARE INTL ARPT REV 5%IL.CHITRN 5 01.01.20551.21%
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%OH.BUCGEN 5 06.01.20551.21%
TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5%TX.TXSTRN 5 06.30.20581.12%
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%PR.PRCGEN 5 07.01.20581.10%
PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%PR.PRCGEN 0 07.01.20460.97%
NEW JERSEY ECONOMIC DEV AUTH REV 5%NJ.NJSDEV 5 11.01.20520.97%
PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%n/a0.94%
ILLINOIS ST 5.5%n/a0.79%
COLUMBUS OHIO REGL ARPT AUTH REV 5.5%n/a0.74%
NEW YORK TRANSN DEV CORP SPL FAC REV 5.5%n/a0.73%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jul 31, 2025$0.05329Jul 31, 2025
Jun 30, 2025$0.04649Jun 30, 2025
May 30, 2025$0.04913May 30, 2025
Apr 30, 2025$0.04766Apr 30, 2025
Mar 31, 2025$0.04873Mar 31, 2025
Feb 28, 2025$0.04423Feb 28, 2025
Full Dividend History