Columbia High Yield Municipal Inst (SRHMX)
| Fund Assets | 458.60M |
| Expense Ratio | 0.62% |
| Min. Investment | $2,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 4.64% |
| Dividend Growth | -1.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.22 |
| YTD Return | 3.78% |
| 1-Year Return | 8.99% |
| 5-Year Return | 3.55% |
| 52-Week Low | 8.67 |
| 52-Week High | 9.24 |
| Beta (5Y) | 0.12 |
| Holdings | 281 |
| Inception Date | Mar 5, 1984 |
About SRHMX
Columbia High Yield Municipal Fund Institutional Class is a mutual fund specializing in fixed income investments, particularly focused on the U.S. municipal bond market. The fund’s primary objective is to generate total return through current income that is exempt from federal income tax, alongside capital appreciation. It achieves this goal by investing at least 80% of its assets in high yield, or below investment grade, municipal securities, which typically carry higher yields as compensation for additional credit risk. The fund’s portfolio is diversified across hundreds of municipal issuers and sectors, leveraging fundamental credit research and a bottom-up security selection process to identify undervalued opportunities and manage potential risks. It is managed by an experienced team, supported by rigorous analytical resources, and aims to capture market upside while mitigating downside exposure. Designed for investors seeking federally tax-exempt income, the fund routinely pays monthly dividends and has a longstanding track record, having been established in 1984. Its role in the financial market is to provide a vehicle for accessing higher yielding municipal bonds, balancing the pursuit of income and capital preservation with active risk management strategies.
Performance
SRHMX had a total return of 8.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.33%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.03725 | Jun 30, 2026 |
| May 29, 2026 | $0.04001 | May 29, 2026 |
| Apr 30, 2026 | $0.03808 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03438 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03412 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03573 | Jan 30, 2026 |