Columbia Tax-Exempt Inst (CTEZX)
| Fund Assets | 1.75B |
| Expense Ratio | 0.55% |
| Min. Investment | $2,000 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 4.05% |
| Dividend Growth | 0.32% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 11.27 |
| YTD Return | -3.97% |
| 1-Year Return | -2.91% |
| 5-Year Return | -1.76% |
| 52-Week Low | 11.06 |
| 52-Week High | 12.19 |
| Beta (5Y) | n/a |
| Holdings | 460 |
| Inception Date | Sep 16, 2005 |
About CTEZX
Columbia Tax-Exempt Fund Institutional Class is a mutual fund specializing in fixed income investments, with a primary objective of delivering total return through current income exempt from federal income tax and long-term capital appreciation. The fund concentrates on municipal bonds, allocating at least 65% of its assets to tax-exempt bonds that are rated investment grade or, if unrated, are judged to be of comparable quality at purchase. This strategy targets both the 15-year and longer maturity segments of the yield curve, generally aiming to capture attractive yields typical of longer-dated municipal securities. Distinctively, the fund employs rigorous credit research and selective, bottom-up security selection to uncover undervalued opportunities and manage credit risk across various issuers, sectors, and geographic regions. With a significant number of holdings and an emphasis on bonds issued by a diversified group of municipalities, the fund plays a crucial role in providing investors with access to tax-exempt income—a valued component for individuals and institutions seeking to optimize after-tax returns within a diversified portfolio. Columbia Tax-Exempt Fund Institutional Class is particularly relevant for those focused on federal tax efficiency and stable income generation through municipal markets.
Performance
CTEZX had a total return of -2.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.03%.
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 Fund - Class 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 Fund | 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 | $0.04054 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03687 | Jun 30, 2025 |
| May 30, 2025 | $0.03919 | May 30, 2025 |
| Apr 30, 2025 | $0.03797 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03894 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03483 | Feb 28, 2025 |