About SEMAX
Columbia Massachusetts Intermediate Municipal Bond Fund is a municipal bond mutual fund focused on generating tax-exempt income for Massachusetts residents. The fund primarily invests in investment‑grade municipal securities whose interest is exempt from federal income tax and, to the extent possible, from Massachusetts individual income tax, while targeting an intermediate duration profile to balance income and interest rate sensitivity. Its portfolio is concentrated in Massachusetts issuers and essential-service revenue and general obligation bonds, including entities such as transportation authorities, state development finance agencies, and water infrastructure, reflecting exposure to the state’s public finance ecosystem and credit dynamics. The strategy typically maintains medium credit quality and moderate interest rate risk, aligning with the intermediate segment of the muni curve. By concentrating on a single state, the fund provides targeted state tax advantages and localized credit research, and it can play a role in a broader fixed income allocation for investors seeking tax-efficient income with diversification across Massachusetts municipal sectors. Columbia Threadneedle’s platform supports credit selection, risk management, and ongoing surveillance of issuer fundamentals.
Fund Family Columbia Threadneedle
Category Muni Massachusetts
Performance Rating Above Average
Risk Rating Low
Stock Exchange Nasdaq
Ticker Symbol SEMAX
Share Class Institutional Class
Index Bloomberg 3-15 Y Municipal Bond TR
SEMAX had a total return of -0.25% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.25%.
