Columbia Minnesota Tax-Exempt Inst (CMNZX)
| Fund Assets | 460.81M |
| Expense Ratio | 0.56% |
| Min. Investment | $2,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.67 |
| Dividend Yield | 3.43% |
| Dividend Growth | 1.24% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 19.43 |
| YTD Return | 0.40% |
| 1-Year Return | -0.02% |
| 5-Year Return | -0.78% |
| 52-Week Low | 18.30 |
| 52-Week High | 20.09 |
| Beta (5Y) | n/a |
| Holdings | 246 |
| Inception Date | Sep 27, 2010 |
About CMNZX
Columbia Minnesota Tax-Exempt Fund Institutional Class is a municipal bond mutual fund designed to provide investors with a high level of income that is generally exempt from both federal and Minnesota state and local income taxes. Its primary function is to invest at least 80% of its net assets in municipal obligations that qualify for these tax exemptions. The fund's portfolio is concentrated in debt securities issued by various Minnesota governmental entities, such as healthcare, education, and utility authorities, and does not target a specific maturity, enabling flexibility across interest-rate environments. It is actively managed and classified as a non-diversified fund, meaning its holdings may be more concentrated in certain issuers or sectors compared to diversified funds. Columbia Minnesota Tax-Exempt Fund Institutional Class plays a significant role for institutional investors or high-net-worth individuals who are Minnesota residents seeking tax-advantaged income and exposure to Minnesota’s public infrastructure and development projects. Its cost structure is competitive within its peer group, and its performance is benchmarked against the Bloomberg Municipal Minnesota Index, making it a specialized fixed income vehicle in the broader municipal bond market.
Performance
CMNZX had a total return of -0.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.04%.
Top 10 Holdings
18.62% of assets| Name | Symbol | Weight |
|---|---|---|
| ROCHESTER MINN HEALTH CARE FACS REV 5% | MN.ROCMED 5 11.15.2057 | 2.79% |
| ROSEVILLE MINN INDPT SCH DIST NO 623 4% | n/a | 2.14% |
| BRAINERD MINN INDPT SCH DIST NO 181 4% | n/a | 2.10% |
| MAPLE GROVE MINN HEALTH CARE FACS REV 4% | MN.MGRMED 4 05.01.2037 | 2.09% |
| SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0% | n/a | 2.07% |
| MINNESOTA ST HIGHER ED FACS AUTH REV 5% | n/a | 1.68% |
| CHIPPEWA CNTY MINN GROSS REV 4% | MN.CHP 4 03.01.2037 | 1.53% |
| MINNEAPOLIS MINN HEALTH CARE SYS REV 4% | n/a | 1.41% |
| MINNESOTA ST 4% | n/a | 1.41% |
| STILLWATER MINN INDPT SCH DIST NO 834 4% | n/a | 1.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.05625 | Aug 29, 2025 |
| Jul 31, 2025 | $0.05675 | Jul 31, 2025 |
| Jun 30, 2025 | $0.05444 | Jun 30, 2025 |
| May 30, 2025 | $0.05757 | May 30, 2025 |
| Apr 30, 2025 | $0.05574 | Apr 30, 2025 |
| Mar 31, 2025 | $0.05617 | Mar 31, 2025 |