About CMNYX
Columbia Minnesota Tax-Exempt Fund Institutional 3 Class is a municipal bond mutual fund focused on delivering a high level of income that is generally exempt from federal, Minnesota state, and local taxes. The fund invests predominantly in municipal debt securities issued by the state of Minnesota and its local entities. Its portfolio spans a wide variety of issuers, including healthcare facilities, school districts, power agencies, and public infrastructure, with the aim of supporting essential local services and development. With over 260 holdings, the fund is broadly diversified, and its largest positions constitute just over 18% of total assets, reinforcing risk management across the portfolio. As an institutional share class, it offers competitively low fees, appealing particularly to large investors seeking tax-advantaged income solutions. The fund’s role in the financial market is to provide Minnesota residents, and institutional investors with exposure to the state’s tax-exempt bond market, effectively blending stable yield potential with the unique tax benefits of municipal fixed income.
Fund Family Columbia Threadneedle
Category Muni Minnesota
Performance Rating Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol CMNYX
Share Class Institutional 3 Class
Index Index is not available on Lipper Database
CMNYX had a total return of 5.87% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.85%.
