About CNYCX
Columbia Strategic New York Municipal Income Fund Class C is a municipal bond mutual fund that seeks to deliver a high level of after-tax total return consistent with prudent risk, primarily through income exempt from federal and New York State personal income taxes. The fund invests at least 80% of its assets in municipal bonds issued within New York, making it particularly relevant to residents seeking state and federal tax-exempt income. It may also allocate up to 25% of assets to lower-rated, high-yield municipal securities to enhance yield potential. With an emphasis on long-duration holdings, the portfolio is designed to offer exposure to New York’s municipal sector, including vital public infrastructure, healthcare, and education bonds, while actively managing credit and interest rate risk. Managed by Columbia Management Advisors since 1997, it distributes dividends monthly and capital gains annually. The fund’s diversified exposure and focus on tax-advantaged income make it a specialized instrument for investors interested in the municipal fixed income market, particularly those residing in New York State.
Fund Family Columbia Threadneedle
Category Muni New York Long
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol CNYCX
Share Class Class C
Index Bloomberg New York TaxExempt Muni Bond TR
CNYCX had a total return of -2.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.13%.
