Columbia Ultr Sht Dur Muni Bd Ins (USMEX)

Fund Assets	71.38M
Expense Ratio	0.334%
Min. Investment	$2,000
Turnover	38.00%
Dividend (ttm)	0.26
Dividend Yield	2.64%
Dividend Growth	-16.29%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.93
YTD Return	1.13%
1-Year Return	1.83%
5-Year Return	n/a
52-Week Low	9.88
52-Week High	10.06
Beta (5Y)	n/a
Holdings	69
Inception Date	Jan 26, 2022

About USMEX

Columbia Ultra Short Duration Municipal Bond Fund Institutional Shares is a mutual fund designed to deliver current income that is exempt from U.S. federal income tax while prioritizing the preservation of capital. The fund primarily invests in a diversified portfolio of high-quality municipal bonds with an average effective duration of less than one year, making it less sensitive to interest rate fluctuations. Its holdings span sectors such as local government obligations, airport bonds, multi-family housing, and refunded or escrowed municipal debt. The fund typically features a low turnover rate and a tightly managed portfolio structure, with over 50 individual issuers. Managed by a team of experienced professionals, this fund serves institutional investors seeking tax-advantaged income solutions with minimal price volatility. Its ultra-short duration characteristic positions it as a key vehicle for liquidity management and short-term cash allocation within the municipal bond market, providing an alternative to taxable short-term bond instruments for risk-conscious investors focused on capital stability and tax efficiency.

• Fund Family: Columbia Threadneedle
• Category: Muni National Short
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: USMEX
• Share Class: Institutional Class
• Index: Bloomberg Municipal Bond 1 Y TR

Performance

USMEX had a total return of 1.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.18%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FMNHX	Fidelity	Fidelity Advisor Cnsv Inc Muni Bd Z	0.21%
VWSTX	Vanguard	Vanguard Ultra Short-Term Tax-Exempt Fund	0.17%
FMNGX	Fidelity	Fidelity Advisor Cnsv Inc Muni Bd I	0.24%
FMNFX	Fidelity	Fidelity Advisor Cnsv Inc Muni Bd A	0.46%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
USMBX	Class A	0.47%

Top 10 Holdings

27.55% of assets

Name	Symbol	Weight
BlackRock Liquidity MuniCash Instl	MCSXX	4.97%
State of Maryland - MARYLAND ST	MD.MDS 5 08.01.2028	2.93%
Fairfax County Redevelopment & Housing Authority - FAIRFAX CNTY VA REDEV & HSG AUTH MF HSG REVENUE	VA.FAIMFH 01.01.2045	2.84%
PORT AUTHORITY OF NEW YORK AND NEW JERSEY	NY.PORTRN 5 09.01.2026	2.80%
Colorado Housing and Finance Authority - COLORADO ST HSG & FIN AUTH SF MTGE REVENUE	CO.COSHSG 3.1 10.01.2027	2.79%
State of Minnesota - MINNESOTA ST	MN.MNS 5 09.01.2028	2.66%
City of Fall River MA - FALL RIVER MA	MA.FAL 4 01.29.2027	2.22%
State of Wisconsin - WISCONSIN ST	WI.WIS 5 05.01.2027	2.13%
MISSOURI (STATE OF)	MO.MOSUTL 4 10.01.2027	2.11%
PMA Levy & Aid Anticipation Notes Program - PMA LEVY & AID ANTIC NTS PROGRAM WI	WI.PMANTS 5 09.24.2026	2.10%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02113	Sep 30, 2026
Aug 31, 2026	$0.02245	Aug 31, 2026
Jul 31, 2026	$0.01992	Jul 31, 2026
Jun 30, 2026	$0.02144	Jun 30, 2026
May 29, 2026	$0.02167	May 29, 2026
Apr 30, 2026	$0.02204	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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