Columbia Minnesota Tax-Exempt Inst (CMNZX)
| Fund Assets | 480.17M |
| Expense Ratio | 0.56% |
| Min. Investment | $2,000 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.66 |
| Dividend Yield | 3.36% |
| Dividend Growth | -0.25% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 19.72 |
| YTD Return | n/a |
| 1-Year Return | 4.31% |
| 5-Year Return | 1.59% |
| 52-Week Low | 17.83 |
| 52-Week High | 19.81 |
| Beta (5Y) | n/a |
| Holdings | 237 |
| 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 4.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.56%.
Top 10 Holdings
19.03% of assets| Name | Symbol | Weight |
|---|---|---|
| ROCHESTER MINN - City of Rochester MN | MN.ROCMED 5 11.15.2057 | 2.79% |
| MAPLE GROVE MINN HEALTH CARE FACS REV - City of Maple Grove MN | MN.MGRMED 4 05.01.2037 | 2.15% |
| ROSEVILLE MINN INDPT SCH DIST NO 623 - Roseville Independent School District No 623 | MN.ROSSCD 4 02.01.2038 | 2.10% |
| SOUTHERN MINN MUN PWR AGY - Southern Minnesota Municipal Power Agency | MN.SOUPWR 0 01.01.2026 | 2.07% |
| BRAINERD MINN INDPT SCH DIST NO 181 - Brainerd Independent School District No 181 | n/a | 2.06% |
| BlackRock Liquidity Funds - MuniCash | MCSXX | 1.70% |
| MINNESOTA ST HIGHER ED FACS AUTH - Minnesota Higher Education Facilities Authority | n/a | 1.67% |
| CHIPPEWA CNTY MINN GROSS REV - County of Chippewa MN | MN.CHP 4 03.01.2037 | 1.56% |
| STILLWATER MINN INDPT SCH DIST NO 834 - Stillwater Independent School District No 834 | n/a | 1.46% |
| MINNESOTA (STATE OF) - State of Minnesota | MN.MNS 4 08.01.2043 | 1.45% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.05705 | Dec 31, 2025 |
| Nov 28, 2025 | $0.05477 | Nov 28, 2025 |
| Oct 31, 2025 | $0.05626 | Oct 31, 2025 |
| Sep 30, 2025 | $0.05467 | Sep 30, 2025 |
| Aug 29, 2025 | $0.05625 | Aug 29, 2025 |
| Jul 31, 2025 | $0.05675 | Jul 31, 2025 |