Columbia Minnesota Tax-Exempt C (RMTCX)
| Fund Assets | 460.81M |
| Expense Ratio | 1.56% |
| Min. Investment | $2,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 2.43% |
| Dividend Growth | 1.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 19.44 |
| YTD Return | 0.29% |
| 1-Year Return | -0.73% |
| 5-Year Return | -5.14% |
| 52-Week Low | 18.31 |
| 52-Week High | 20.11 |
| Beta (5Y) | 0.32 |
| Holdings | 246 |
| Inception Date | Jun 26, 2000 |
About RMTCX
Columbia Minnesota Tax-Exempt Fund Class C is a municipal bond mutual fund designed to provide investors with a high level of income that is generally exempt from both federal and Minnesota state and local income taxes. This fund primarily invests at least 80% of its assets in debt securities issued by Minnesota governmental entities, including both long- and intermediate-term municipal bonds, making it particularly appealing to Minnesota residents seeking tax-advantaged income. The fund focuses on generating stable, tax-efficient returns through diversified exposure to the Minnesota municipal bond market. By targeting bonds with intermediate and longer maturities, it aims to deliver competitive yields relative to other municipal bond funds, while also considering credit quality and interest rate risk. Columbia Minnesota Tax-Exempt Fund Class C plays an important role for investors looking to preserve capital and sustain income without incurring substantial tax liabilities, and is commonly used within diversified income or conservative portfolios, especially for those prioritizing tax efficiency in the state of Minnesota.
Performance
RMTCX had a total return of -0.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.54%.
Top 10 Holdings
18.62% of assets| Name | Symbol | Weight |
|---|---|---|
| ROCHESTER MINN HEALTH CARE FACS REV 5% | MN.ROCMED 5 11.15.2057 | 2.79% |
| ROSEVILLE MINN INDPT SCH DIST NO 623 4% | n/a | 2.14% |
| BRAINERD MINN INDPT SCH DIST NO 181 4% | n/a | 2.10% |
| MAPLE GROVE MINN HEALTH CARE FACS REV 4% | MN.MGRMED 4 05.01.2037 | 2.09% |
| SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0% | n/a | 2.07% |
| MINNESOTA ST HIGHER ED FACS AUTH REV 5% | n/a | 1.68% |
| CHIPPEWA CNTY MINN GROSS REV 4% | MN.CHP 4 03.01.2037 | 1.53% |
| MINNEAPOLIS MINN HEALTH CARE SYS REV 4% | n/a | 1.41% |
| MINNESOTA ST 4% | n/a | 1.41% |
| STILLWATER MINN INDPT SCH DIST NO 834 4% | n/a | 1.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.04026 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04081 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03898 | Jun 30, 2025 |
| May 30, 2025 | $0.04155 | May 30, 2025 |
| Apr 30, 2025 | $0.04022 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03965 | Mar 31, 2025 |