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
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol CADNX
Share Class Institutional 2 Class
Index Bloomberg Municipal Bond TR
CADNX had a total return of -2.49% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.05%.
