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Trending ETFs

Columbia High Yield Municipal Fund

mutual fund
SRHMX
Payout Change
Pending
Price as of:
$9.2 +0.0 +0.0%
primary theme
High Yield Municipal Bond
SRHMX (Mutual Fund)

Columbia High Yield Municipal Fund

Payout Change
Pending
Price as of:
$9.2 +0.0 +0.0%
primary theme
High Yield Municipal Bond
SRHMX (Mutual Fund)

Columbia High Yield Municipal Fund

Payout Change
Pending
Price as of:
$9.2 +0.0 +0.0%
primary theme
High Yield Municipal Bond

Name

As of 06/21/2024

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

$9.20

$495 M

4.97%

$0.46

0.67%

Vitals

YTD Return

5.0%

1 yr return

7.9%

3 Yr Avg Return

-2.0%

5 Yr Avg Return

0.6%

Net Assets

$495 M

Holdings in Top 10

14.2%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.67%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 22.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

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

$9.20

$495 M

4.97%

$0.46

0.67%

SRHMX - Profile

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return -2.0%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.61%
DIVIDENDS
  • Dividend Yield 5.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Columbia High Yield Municipal Fund
  • Fund Family Name
    Columbia Funds Complex
  • Inception Date
    Mar 05, 1984
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Catherine Stienstra

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 high yield securities. These securities generally include medium grade or below investment grade debt securities or unrated debt securities determined to be of comparable quality, but also may include other securities believed to have the potential for relatively high yield. Below investment grade securities are commonly referred to as “junk bonds.” The Fund may invest in bonds of any maturity. The Fund’s investments may include industrial development bonds and participation interests in those bonds.
The Fund may invest in privately placed and other securities or instruments that are purchased and sold pursuant to Rule 144A or other exemptions under the Securities Act of 1933, as amended, subject to certain regulatory restrictions.
The Fund may invest in certain inverse floaters, which are a type of over-the-counter derivative debt instrument with a variable or floating coupon rate that moves in the opposite direction of an underlying reference, typically short-term interest rates. The inverse floaters in which the Fund invests provide leveraged exposure to underlying municipal bonds. The Fund’s investments in inverse floaters are intended to increase the Fund’s income and returns through this leveraged exposure. The Fund may invest in inverse floaters that create effective leverage (together with any other effective leverage in the portfolio) of up to 33% of the Fund’s total investment exposure.
As a fundamental policy, the Fund will invest its assets so that at least 80% of the Fund’s gross income will be exempt from federal income tax (but not necessarily the federal alternative minimum tax). Such securities are issued by or on behalf of states and their political subdivisions, agencies, authorities and instrumentalities and by other qualified issuers. 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 total assets in high quality taxable money market instruments.
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SRHMX - Performance

Return Ranking - Trailing

Period SRHMX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -2.3% 8.0% 7.69%
1 Yr 7.9% -4.0% 10.9% 12.02%
3 Yr -2.0%* -9.4% 2.0% 73.89%
5 Yr 0.6%* -4.9% 526.1% 74.24%
10 Yr 2.8%* 0.0% 155.7% 57.48%

* Annualized

Return Ranking - Calendar

Period SRHMX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -6.2% 7.5% 67.31%
2022 -20.8% -26.9% -3.5% 92.20%
2021 3.0% -1.9% 5.6% 23.76%
2020 -0.3% -10.1% 4.2% 71.00%
2019 4.1% -0.7% 9.1% 78.87%

Total Return Ranking - Trailing

Period SRHMX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -2.3% 8.0% 7.69%
1 Yr 7.9% -4.0% 10.9% 12.02%
3 Yr -2.0%* -9.4% 2.0% 73.89%
5 Yr 0.6%* -4.9% 526.1% 74.24%
10 Yr 2.8%* 0.0% 155.7% 57.48%

* Annualized

Total Return Ranking - Calendar

Period SRHMX Return Category Return Low Category Return High Rank in Category (%)
2023 7.6% -4.1% 10.9% 38.46%
2022 -16.9% -26.9% 4.3% 86.34%
2021 6.6% -1.9% 10.0% 22.28%
2020 3.7% -4.1% 8.2% 41.00%
2019 6.9% -0.7% 1028633.9% 86.60%

NAV & Total Return History


SRHMX - Holdings

Concentration Analysis

SRHMX Category Low Category High SRHMX % Rank
Net Assets 495 M 9.79 K 16.1 B 61.17%
Number of Holdings 261 1 3076 71.71%
Net Assets in Top 10 70.2 M -102 M 3.63 B 72.68%
Weighting of Top 10 14.18% 4.7% 99.9% 55.88%

Top 10 Holdings

  1. PR SALES TAX RESTRUCTURED COFINA 2.89%
  2. Buckeye Tobacco Settlement Financing Authority 1.79%
  3. REF-CONVERTIBLE CABS-TRANSPRTN 1.57%
  4. Iowa Tobacco Settlement Authority 1.40%
  5. SER B 1.30%
  6. South Carolina Public Service Authority 1.12%
  7. Chicago Board of Education 1.09%
  8. Colorado Bridge Enterprise 1.05%
  9. IL CHICAGO BRD OF EDU 1.00%
  10. Florida Development Finance Corp 1.00%

Asset Allocation

Weighting Return Low Return High SRHMX % Rank
Bonds
98.81% 0.00% 146.69% 51.44%
Cash
1.19% -0.64% 100.00% 48.78%
Stocks
0.00% 0.00% 99.33% 95.67%
Preferred Stocks
0.00% -47.61% 1.64% 90.73%
Other
0.00% -8.76% 9.96% 81.95%
Convertible Bonds
0.00% 0.00% 0.00% 91.71%

Bond Sector Breakdown

Weighting Return Low Return High SRHMX % Rank
Municipal
99.65% 0.00% 100.00% 21.46%
Cash & Equivalents
0.09% 0.00% 100.00% 47.32%
Corporate
0.02% 0.00% 2.83% 52.20%
Derivative
0.00% -8.76% 1.55% 80.00%
Securitized
0.00% 0.00% 22.44% 93.17%
Government
0.00% 0.00% 0.09% 91.71%

Bond Geographic Breakdown

Weighting Return Low Return High SRHMX % Rank
US
98.81% 0.00% 139.84% 46.83%
Non US
0.00% 0.00% 13.35% 91.71%

SRHMX - Expenses

Operational Fees

SRHMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.67% 0.21% 3.44% 80.19%
Management Fee 0.54% 0.00% 1.41% 72.12%
12b-1 Fee 0.00% 0.00% 1.00% 20.72%
Administrative Fee N/A 0.02% 0.35% 46.05%

Sales Fees

SRHMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

SRHMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 2.00% 121.00% 60.21%

SRHMX - Distributions

Dividend Yield Analysis

SRHMX Category Low Category High SRHMX % Rank
Dividend Yield 4.97% 0.00% 6.13% 22.60%

Dividend Distribution Analysis

SRHMX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

SRHMX Category Low Category High SRHMX % Rank
Net Income Ratio 3.61% 1.11% 5.70% 25.96%

Capital Gain Distribution Analysis

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

Distributions History

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SRHMX - Fund Manager Analysis

Managers

Catherine Stienstra


Start Date

Tenure

Tenure Rank

Oct 01, 2016

5.67

5.7%

Director and Senior Portfolio Manager of the Columbia Management Investment Advisers, LLC; associated with the Columbia Management Investment Advisers, LLC as an investment professional since 2007. Sector Leader of the Adviser’s Municipal Bond Team from 2007 to 2010. Prior to 2007, Ms. Stienstra was employed by FAF Advisors, Inc. (formerly USBancorp Asset Management) from 1998 to 2007, where she was a Director and Senior Portfolio Manager. Ms. Stienstra began her investment career in 1988 and earned a B.A. from the University of Nebraska.

Douglas White


Start Date

Tenure

Tenure Rank

Dec 03, 2018

3.49

3.5%

Mr. White joined Columbia Management Investment Advisers, LLC in 2018 as a senior portfolio manager. Prior to joining Columbia, Mr. White was a portfolio manager at Nuveen Asset Management, LLC (Nuveen Asset Management) since 2011 in connection with Nuveen Asset Management’s acquisition of a portion of the asset management business of FAF Advisors, Inc. Mr. White began his investment career in 1983 and earned a B.A. from Carleton College and an M.B.A. from the University of Minnesota, Carlson School of Management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 21.43 7.46 2.52