About COLTX
Columbia Tax-Exempt Fund Class A is an open-end mutual fund focused on generating current income exempt from federal income taxes, making it a key investment vehicle for individuals seeking tax-advantaged income. The fund primarily invests at least 65% of its assets in high-quality, investment-grade municipal bonds, while maintaining the flexibility to hold a portion in unrated bonds or those whose interest is subject to federal taxes, up to 20% of assets. With a portfolio diversified across over 450 municipal securities, the fund emphasizes credit quality and liquidity.
Notable features include a monthly dividend distribution schedule, a net expense ratio of approximately 0.74-0.75%, and a required minimum investment of $2,000. The fund is managed with the objective of delivering a competitive after-tax total return through both income and capital appreciation, appealing chiefly to investors in higher tax brackets. Since its inception in 1978, the Columbia Tax-Exempt Fund Class A has grown to over $2 billion in net assets, underlining its market significance as a long-standing option for tax-conscious investors seeking stable, federally tax-exempt income.
Fund Family Columbia Threadneedle
Category Muni National Long
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol COLTX
Share Class Class A
Index Bloomberg Municipal Bond TR
COLTX had a total return of -3.22% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.89%.
