About COLNX
Columbia Strategic New York Municipal Income Fund Class A is a municipal bond mutual fund focused on providing tax-exempt income primarily to residents of New York. The fund invests at least 80% of its net assets in municipal securities issued by, or on behalf of, New York State and its political subdivisions, agencies, authorities, and instrumentalities. Its primary objective is to seek total return, emphasizing income that is exempt from both federal and New York state income taxes, while also pursuing capital appreciation. The fund maintains a diversified portfolio of investment-grade municipal bonds, and may also allocate assets across issuers with varying maturities to manage interest rate risk. With a long-duration profile, this fund is particularly relevant for investors seeking tax-advantaged income and who are sensitive to the unique tax environment of New York. The fund plays an important role in the financial market by facilitating capital flow to public projects and infrastructure within New York, while offering investors a potential source of steady, tax-advantaged returns.
Fund Family Columbia Threadneedle
Category Muni New York Long
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol COLNX
Share Class Class A
Index Bloomberg New York TaxExempt Muni Bond TR
COLNX had a total return of 6.54% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.05%.
