About CNYRX
Columbia Strategic New York Municipal Income Fund Institutional 2 Class is a mutual fund designed to provide total return, emphasizing income that is exempt from both federal income tax and New York State individual income tax, along with potential capital appreciation. The fund normally invests at least 80% of its net assets, including any borrowings for investment purposes, in a diversified portfolio of municipal bonds issued by or on behalf of the State of New York and its political subdivisions, agencies, and instrumentalities. These securities include general obligation bonds, revenue bonds, and notes funding public projects such as transportation infrastructure and development initiatives. Managed by Columbia Threadneedle Investments, the fund targets institutional investors seeking tax-efficient income solutions within the municipal bond market segment. Its Institutional 2 Class shares cater to larger investors with strategies focused on high-quality, New York-centric debt obligations to optimize after-tax yields. This fund plays a key role in offering tax-advantaged fixed income exposure primarily to New York residents and tax-sensitive portfolios.
Fund Family Columbia Threadneedle
Category Muni New York Long
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol CNYRX
Share Class Institutional 2 Class
Index Bloomberg New York TaxExempt Muni Bond TR
CNYRX had a total return of -2.61% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.97%.
