Columbia Massachusetts Intermediate Municipal Bond Fund Class A (LMIAX)
| Fund Assets | 67.19M |
| Expense Ratio | 0.81% |
| Min. Investment | $2,000 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.48% |
| Dividend Growth | 5.03% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 9.74 |
| YTD Return | 0.74% |
| 1-Year Return | 5.20% |
| 5-Year Return | 3.08% |
| 52-Week Low | 9.45 |
| 52-Week High | 9.88 |
| Beta (5Y) | n/a |
| Holdings | 62 |
| Inception Date | Dec 9, 2002 |
About LMIAX
Columbia Massachusetts Intermediate Municipal Bond Fund Class A is an open-end municipal bond fund focused on generating income that is generally exempt from federal and Massachusetts state income taxes. The strategy primarily invests in intermediate-maturity municipal securities issued by Massachusetts state and local entities, as well as qualifying authorities, with at least 80% of assets typically allocated to tax-exempt bonds to balance income objectives with principal stability. The fund emphasizes credit research and diversification across revenue and general obligation bonds tied to essential services such as transportation, education, healthcare, and utilities, reflecting the state’s public finance landscape. Its intermediate duration profile targets a middle ground between interest-rate sensitivity and income potential, aligning with investors seeking tax-advantaged cash flows without extending into long-duration risk. Managed by Columbia Threadneedle Investments, the fund’s role in the market is to provide a dedicated Massachusetts municipal allocation that complements national muni exposure, offering state-specific tax efficiency and exposure to the Commonwealth’s credit dynamics and infrastructure financing needs.
Performance
LMIAX had a total return of 5.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.58%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.02068 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02181 | Mar 31, 2026 |
| Feb 27, 2026 | $0.01854 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02107 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02073 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0206 | Nov 28, 2025 |