About GNYTX
Columbia New York Intermediate Municipal Bond Fund Institutional Class is an open-end municipal bond fund focused on tax-exempt income from New York issuers. The fund primarily invests in intermediate‑term New York municipal securities, targeting a portfolio duration typically associated with average maturities of roughly three to ten years to balance income generation with interest‑rate sensitivity. Its stated objective is to provide a high level of current interest income exempt from federal income tax and, when possible, from New York state and city personal income taxes, while seeking relative stability of principal. The strategy concentrates on debt issued for public purposes across the state, financing infrastructure, education, healthcare, and essential services that underpin local economies. As part of the Muni New York Intermediate category, it serves investors seeking state‑specific tax efficiency and moderate interest‑rate exposure. The fund distributes income on a monthly basis and has operated since 1991, reflecting a long track record within the tax‑exempt fixed income market. It carries a net expense ratio indicative of institutional pricing for actively managed municipal portfolios.
Fund Family Columbia Threadneedle
Category Muni New York Intermediate
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol GNYTX
Share Class Institutional Class
Index Index is not available on Lipper Database
GNYTX had a total return of 5.12% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.55%.
