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.
Fund Family Columbia Threadneedle
Category Muni National Long
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol CTEZX
Share Class Institutional Class
Index Bloomberg Municipal Bond TR
CTEZX had a total return of -3.11% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.07%.
