About CNYZX
Columbia Strategic New York Municipal Income Fund Institutional Class is a fixed income mutual fund designed to provide investors with tax-exempt income by investing primarily in New York municipal bonds. Its core objective is to deliver total return, with a focus on generating income that is exempt from both U.S. federal and New York state personal income taxes. To achieve this, the fund allocates at least 80% of its net assets to investment-grade municipal securities issued by or on behalf of the State of New York, its agencies, and related authorities. This makes it particularly relevant for New York residents seeking tax-advantaged income. The portfolio typically features long durations, with average maturities exceeding 12 years, placing it in the Muni New York Long category. Managed by Columbia Management Investment Advisers, the fund utilizes a multi-manager approach to actively navigate interest rate movements, credit quality, and changing market conditions. Its holdings are diversified across a wide range of issuers, and the fund benchmarks its performance against major municipal bond indices. As an institutional share class, it is designed for larger investors seeking efficient access to the New York muni bond market and long-term, tax-efficient income solutions.
Fund Family Columbia Threadneedle
Category Muni New York Long
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol CNYZX
Share Class Institutional Class
Index Bloomberg New York TaxExempt Muni Bond TR
CNYZX had a total return of -1.75% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.56%.
