Columbia Tax-Exempt Inst3 (CTEYX)
| Fund Assets | 1.75B |
| Expense Ratio | 0.49% |
| Min. Investment | $0.00 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.46 |
| Dividend Yield | 4.11% |
| Dividend Growth | 0.37% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 11.28 |
| YTD Return | -4.62% |
| 1-Year Return | -4.05% |
| 5-Year Return | -2.48% |
| 52-Week Low | 11.09 |
| 52-Week High | 12.23 |
| Beta (5Y) | n/a |
| Holdings | 460 |
| Inception Date | Mar 1, 2017 |
About CTEYX
Columbia Tax-Exempt Fund Institutional 3 Class is a mutual fund focused on delivering federally tax-exempt income through investment in a diversified portfolio of municipal bonds. The primary function of this fund is to provide investors with long-term income that is generally exempt from federal income tax, positioning it as a solution for affluent investors or institutions seeking tax efficiency. It primarily invests in U.S. municipal securities issued by states, local governments, and their agencies, which makes it sensitive to interest rate movements and municipal credit quality. The fund emphasizes high credit quality, with substantial weightings in bonds rated AA and A, and maintains an effective duration around nine years, categorizing it within the "Muni National Long" segment. It manages a substantial asset base, with a below-average expense ratio compared to peers, and offers access through its institutional class for qualified investors. By focusing on tax-exempt income, it plays a significant role for entities or individuals seeking to manage taxable income liabilities while maintaining exposure to the municipal debt market.
Performance
CTEYX had a total return of -4.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.51%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLUVX | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.51% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income | 0.44% |
Top 10 Holdings
10.99% of assets| Name | Symbol | Weight |
|---|---|---|
| PENNSYLVANIA ECONOMIC DEV FING AUTH UPMC REV 4% | PA.PASMED 4 11.15.2042 | 1.52% |
| PORT PORTLAND ORE ARPT REV 5.5% | OR.PTPAPT 5.5 07.01.2053 | 1.49% |
| TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5% | TX.TXSTRN 5 06.30.2058 | 1.13% |
| ILLINOIS ST 5.5% | IL.ILS 5.5 03.01.2047 | 1.09% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 06.01.2053 | 1.07% |
| NEBRASKA EDL HEALTH CULTURAL & SOCIAL SVCS FIN AUTH REV 4% | NE.NESEDU 4 01.01.2049 | 0.99% |
| LOUISIANA PUB FACS AUTH DOCK & WHARF REV 6.5% | LA.LASFAC 6.5 07.01.2036 | 0.95% |
| NORTHAMPTON CNTY PA GEN PURP AUTH HOSP REV 4% | PA.NORMED 4 08.15.2048 | 0.95% |
| NEW JERSEY ECONOMIC DEV AUTH REV 5% | NJ.NJSDEV 5 11.01.2052 | 0.91% |
| COLUMBUS OHIO REGL ARPT AUTH REV 5.5% | OH.COLAPT 5.5 01.01.2050 | 0.88% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.04125 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0376 | Jun 30, 2025 |
| May 30, 2025 | $0.03993 | May 30, 2025 |
| Apr 30, 2025 | $0.03872 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03968 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03551 | Feb 28, 2025 |