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Trending ETFs

Columbia California Intermediate Municipal Bond Fund

mutual fund
CNBRX
Payout Change
Pending
Price as of:
$9.86 -0.03 -0.3%
primary theme
Municipal Bond
CNBRX (Mutual Fund)

Columbia California Intermediate Municipal Bond Fund

Payout Change
Pending
Price as of:
$9.86 -0.03 -0.3%
primary theme
Municipal Bond
CNBRX (Mutual Fund)

Columbia California Intermediate Municipal Bond Fund

Payout Change
Pending
Price as of:
$9.86 -0.03 -0.3%
primary theme
Municipal Bond

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.86

$279 M

2.81%

$0.28

0.59%

Vitals

YTD Return

2.1%

1 yr return

7.9%

3 Yr Avg Return

0.2%

5 Yr Avg Return

0.8%

Net Assets

$279 M

Holdings in Top 10

15.4%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 5.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.86

$279 M

2.81%

$0.28

0.59%

CNBRX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.40%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Columbia California Intermediate Municipal Bond Fund
  • Fund Family Name
    Columbia
  • Inception Date
    Nov 08, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Fuchs

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in securities that pay interest exempt from U.S. federal income tax (including the federal alternative minimum tax (AMT)) and California individual income tax. These securities are issued by or on behalf of the State of California and its political subdivisions, agencies, authorities and instrumentalities, by other qualified issuers and by funds that invest in such securities.Qualified issuers include issuers located in U.S. territories, commonwealths and possessions, such as Guam, Puerto Rico and the U.S. Virgin Islands.The Fund may invest up to 20% of its net assets in securities that pay interest subject to U.S. federal income tax (including the federal AMT) and California individual income tax.
The Fund normally invests at least 80% of its total assets in municipal securities that, at the time of purchase, are rated investment grade or are unrated but determined by the management team to be of comparable quality.The Fund may invest up to 10% of its total assets in debt instruments that, at the time of purchase, are rated below investment grade or are unrated but determined to be of comparable quality (commonly referred to as “high-yield” investments or “junk” bonds).
While the Fund may invest in securities of any maturity, under normal circumstances, the Fund’s dollar-weighted average maturity will be between three and ten years.
The Fund may enter into tender option bond (TOB) transactions and may invest in derivatives, such as floating rate municipal securities (floaters) and inverse floating rate municipal securities (inverse floaters) to add incremental income, futures (including interest rate and Treasury bond futures) to manage duration and hedge against changes in interest rates, and swaps, including Municipal Market Data Rate Locks (MMD Rate Locks) to manage duration and hedge against changes in interest rates. Inverse floaters provide the Fund with leveraged exposure to underlying municipal bonds whose interest payments vary inversely with changes in short-term tax-exempt interest rates.
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CNBRX - Performance

Return Ranking - Trailing

Period CNBRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -1.9% 26.5% 83.68%
1 Yr 7.9% 2.3% 37.3% 80.29%
3 Yr 0.2%* -9.9% 3.4% 31.94%
5 Yr 0.8%* -6.7% 1104.9% 51.68%
10 Yr 1.9%* -0.8% 248.9% 41.20%

* Annualized

Return Ranking - Calendar

Period CNBRX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -1.4% 41.0% 72.19%
2022 -8.7% -39.7% 0.3% 24.22%
2021 -1.1% -5.6% 6.9% 80.03%
2020 1.1% -2.6% 310.0% 77.08%
2019 3.7% 0.0% 26.0% 52.11%

Total Return Ranking - Trailing

Period CNBRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -1.9% 26.5% 83.68%
1 Yr 7.9% 2.3% 37.3% 80.29%
3 Yr 0.2%* -9.9% 3.4% 31.94%
5 Yr 0.8%* -6.7% 1104.9% 51.68%
10 Yr 1.9%* -0.8% 248.9% 41.20%

* Annualized

Total Return Ranking - Calendar

Period CNBRX Return Category Return Low Category Return High Rank in Category (%)
2023 5.1% -1.3% 41.0% 65.00%
2022 -6.2% -39.7% 1.1% 20.31%
2021 1.4% -4.8% 23761504.0% 55.91%
2020 3.6% -1.5% 17057.9% 55.28%
2019 5.5% 0.2% 3514.6% 73.88%

NAV & Total Return History


CNBRX - Holdings

Concentration Analysis

CNBRX Category Low Category High CNBRX % Rank
Net Assets 279 M 3.22 M 71.9 B 62.57%
Number of Holdings 214 4 13418 53.98%
Net Assets in Top 10 42.9 M -317 M 3.45 B 70.03%
Weighting of Top 10 15.38% 1.9% 100.1% 61.11%

Top 10 Holdings

  1. Los Angeles Department of Water Power 2.45%
  2. California State Public Works Board 2.03%
  3. Los Angeles Unified School District/CA 1.52%
  4. Southern California Public Power Authority 1.47%
  5. Golden State Tobacco Securitization Corp 1.46%
  6. Los Angeles Department of Water Power 1.35%
  7. City of Los Angeles Department of Airports 1.31%
  8. Foothill-Eastern Transportation Corridor Agency 1.31%
  9. San Francisco City County Airport Comm-San Francisco International Airport 1.25%
  10. California School Finance Authority 1.23%

Asset Allocation

Weighting Return Low Return High CNBRX % Rank
Bonds
99.76% 0.00% 150.86% 29.16%
Cash
0.24% -50.86% 43.45% 76.33%
Stocks
0.00% 0.00% 99.89% 54.27%
Preferred Stocks
0.00% 0.00% 0.08% 47.02%
Other
0.00% -3.72% 51.88% 49.20%
Convertible Bonds
0.00% 0.00% 0.93% 46.74%

Bond Sector Breakdown

Weighting Return Low Return High CNBRX % Rank
Municipal
99.96% 44.39% 100.00% 13.45%
Corporate
0.04% 0.00% 9.41% 15.91%
Cash & Equivalents
0.00% 0.00% 43.45% 56.50%
Derivative
0.00% -3.72% 51.88% 47.21%
Securitized
0.00% 0.00% 5.93% 47.80%
Government
0.00% -2.28% 52.02% 50.80%

Bond Geographic Breakdown

Weighting Return Low Return High CNBRX % Rank
US
99.76% 0.00% 142.23% 27.52%
Non US
0.00% 0.00% 23.89% 49.01%

CNBRX - Expenses

Operational Fees

CNBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.01% 8.02% 69.48%
Management Fee 0.47% 0.00% 1.20% 71.31%
12b-1 Fee 0.00% 0.00% 1.00% 6.92%
Administrative Fee N/A 0.01% 0.44% 28.99%

Sales Fees

CNBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

CNBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CNBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.00% 0.00% 283.00% 5.35%

CNBRX - Distributions

Dividend Yield Analysis

CNBRX Category Low Category High CNBRX % Rank
Dividend Yield 2.81% 0.00% 14.51% 59.05%

Dividend Distribution Analysis

CNBRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CNBRX Category Low Category High CNBRX % Rank
Net Income Ratio 2.40% -0.53% 5.33% 24.03%

Capital Gain Distribution Analysis

CNBRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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CNBRX - Fund Manager Analysis

Managers

Paul Fuchs


Start Date

Tenure

Tenure Rank

Jan 01, 2012

10.42

10.4%

Paul F. Fuchs, CFA, Senior Portfolio Manager of the Columbia Management Investment Advisers, LLC. He joined one of the Columbia Management legacy firms or acquired business lines in 1999. Mr. Fuchs began his investment career in 1990 and earned a B.S. in Finance from the University of Massachusetts and an M.B.A. from Suffolk University.

Deborah Vargo


Start Date

Tenure

Tenure Rank

Dec 29, 2017

4.42

4.4%

Deborah (“Deb”) B. Vargo Senior Portfolio Manager, Municipal Bonds Deb Vargo is a senior municipal fixed income portfolio manager for Columbia Threadneedle Investments. In this role, she manages portfolios for high-net-worth clients. Ms. Vargo joined one of the Columbia Threadneedle Investments legacy firms in 2007. Previously, Ms. Vargo worked as a senior vice president for U.S. Trust, responsible for strategy and trading for all tax-exempt fixed income for New England. In addition, she managed several high-net-worth accounts and a short-intermediate term tax-exempt common trust fund. Prior to that, she was in the institutional fixed-income department at State Street Global Advisors where she was responsible for strategy and management of all tax-exempt portfolios. She has been dedicated to this asset class for more than 30 years. In addition, she worked at Tucker, Anthony & R.L. Day. She has been a member of the investment community since 1984. Ms. Vargo received a B.S. from Boston University.

Anders Myhran


Start Date

Tenure

Tenure Rank

May 01, 2019

3.08

3.1%

Mr. Myhran joined the Investment Manager in 1992. Mr. Myhran began his investment career in 1992 and earned a B.A. in business with majors in finance and quantitative analysis from the University of Wisconsin.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.33 1.58