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Columbia Ultra Short Duration Municipal Bond Fund
mutual fund
USMEX
Payout Change
Pending
Price as of:
$10.02
+0.0
+0.0%
primary theme
Municipal Bond
share class
USMEX (Mutual Fund)
Columbia Ultra Short Duration Municipal Bond Fund
Payout Change
Pending
Price as of:
$10.02
+0.0
+0.0%
primary theme
Municipal Bond
share class
USMEX (Mutual Fund)
Columbia Ultra Short Duration Municipal Bond Fund
Payout Change
Pending
Price as of:
$10.02
+0.0
+0.0%
primary theme
Municipal Bond
share class
Name
As of 12/10/2024Price
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
Vitals
YTD Return
3.2%
1 yr return
3.3%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$122 M
Holdings in Top 10
26.7%
52 WEEK LOW AND HIGH
$10.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
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
USMEX - Profile
Distributions
- YTD Total Return 3.2%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 3.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameColumbia Ultra Short Duration Municipal Bond Fund
-
Fund Family NameColumbia Funds Complex
-
Inception DateJan 26, 2022
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Wimmel
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 municipal securities that pay interest exempt from U.S. federal income tax (including the federal alternative minimum tax (AMT)). These 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 also invest indirectly in such securities through investments in underlying funds, including affiliated funds. The Fund may invest up to 20% of its net assets in securities that pay interest subject to taxation, including the federal alternative minimum tax.
The Fund generally invests in municipal securities that, at the time of purchase, are rated investment grade or are unrated but determined to be of comparable quality. The Fund may invest up to 10% of its 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). The Fund may from time to time emphasize investment exposure to one or more states in selecting its investments. As of its most recent fiscal year end, the Fund had an investment emphasis in Texas municipal securities.
The Fund’s portfolio duration normally ranges up to two years.
The Fund’s investment strategy may involve the frequent trading of portfolio securities.
USMEX - Performance
Return Ranking - Trailing
| Period | USMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.2% | -4.4% | 40.7% | 64.34% |
| 1 Yr | 3.3% | -2.6% | 45.9% | 87.24% |
| 3 Yr | N/A* | -10.2% | 6.4% | 33.48% |
| 5 Yr | N/A* | -6.5% | 1105.2% | 74.42% |
| 10 Yr | N/A* | -0.9% | 249.0% | 90.41% |
* Annualized
Return Ranking - Calendar
| Period | USMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.4% | -1.4% | 41.0% | 98.52% |
| 2022 | N/A | -39.7% | 0.3% | N/A |
| 2021 | N/A | -5.6% | 6.9% | N/A |
| 2020 | N/A | -2.6% | 310.0% | N/A |
| 2019 | N/A | 0.0% | 26.0% | N/A |
Total Return Ranking - Trailing
| Period | USMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.2% | -4.4% | 40.7% | 64.34% |
| 1 Yr | 3.3% | -2.6% | 45.9% | 87.24% |
| 3 Yr | N/A* | -10.2% | 6.4% | 32.36% |
| 5 Yr | N/A* | -6.5% | 1105.2% | 62.83% |
| 10 Yr | N/A* | -0.9% | 249.0% | 89.93% |
* Annualized
Total Return Ranking - Calendar
| Period | USMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.2% | -1.3% | 41.0% | 95.35% |
| 2022 | N/A | -39.7% | 1.1% | N/A |
| 2021 | N/A | -4.8% | 23761504.0% | N/A |
| 2020 | N/A | -1.5% | 17057.9% | N/A |
| 2019 | N/A | 0.2% | 3514.6% | N/A |
NAV & Total Return History
USMEX - Holdings
Concentration Analysis
| USMEX | Category Low | Category High | USMEX % Rank | |
|---|---|---|---|---|
| Net Assets | 122 M | 3.22 M | 71.9 B | 83.20% |
| Number of Holdings | 73 | 4 | 13418 | 94.29% |
| Net Assets in Top 10 | 23.3 M | -317 M | 3.09 B | 84.49% |
| Weighting of Top 10 | 26.73% | 1.8% | 100.3% | 18.95% |
Top 10 Holdings
- State of California 3.39%
- BlackRock Liquidity Funds MuniCash 2.98%
- Louisiana Public Facilities Authority 2.91%
- Kentucky Public Energy Authority 2.88%
- REF-TRANSPTRN INFRASTRUCTURE- 2.87%
- Fairfax County Redevelopment Housing Authority 2.39%
- New York State Thruway Authority 2.37%
- South Carolina Ports Authority 2.34%
- Village of Schaumburg IL 2.30%
- New York City Water Sewer System 2.30%
Asset Allocation
| Weighting | Return Low | Return High | USMEX % Rank | |
|---|---|---|---|---|
| Bonds | 96.16% | 0.00% | 150.86% | 85.97% |
| Cash | 3.84% | -50.86% | 44.62% | 13.30% |
| Stocks | 0.00% | 0.00% | 99.78% | 95.23% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 94.36% |
| Other | 0.00% | -3.69% | 53.54% | 88.11% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 94.34% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | USMEX % Rank | |
|---|---|---|---|---|
| Municipal | 98.30% | 44.39% | 100.00% | 50.71% |
| Cash & Equivalents | 2.98% | 0.00% | 44.41% | 15.11% |
| Derivative | 0.00% | -3.69% | 53.54% | 91.74% |
| Securitized | 0.00% | 0.00% | 5.93% | 98.04% |
| Corporate | 0.00% | 0.00% | 9.41% | 98.11% |
| Government | 0.00% | 0.00% | 52.02% | 98.31% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | USMEX % Rank | |
|---|---|---|---|---|
| US | 96.16% | 0.00% | 142.23% | 83.95% |
| Non US | 0.00% | 0.00% | 23.89% | 96.64% |
USMEX - Expenses
Operational Fees
| USMEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.34% | 0.01% | 8.02% | 92.94% |
| Management Fee | 0.21% | 0.00% | 1.20% | 7.11% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 14.93% |
| Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
| USMEX 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
| USMEX 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.
| USMEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 283.00% | N/A |
USMEX - Distributions
Dividend Yield Analysis
| USMEX | Category Low | Category High | USMEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.32% | 0.00% | 14.51% | 47.85% |
Dividend Distribution Analysis
| USMEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| USMEX | Category Low | Category High | USMEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -0.53% | 5.33% | N/A |
Capital Gain Distribution Analysis
| USMEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.028 | OrdinaryDividend |
| Oct 31, 2024 | $0.029 | OrdinaryDividend |
| Sep 30, 2024 | $0.027 | OrdinaryDividend |
| Aug 30, 2024 | $0.028 | OrdinaryDividend |
| Jul 31, 2024 | $0.028 | OrdinaryDividend |
| Apr 30, 2024 | $0.027 | OrdinaryDividend |
| Mar 28, 2024 | $0.027 | OrdinaryDividend |
| Feb 29, 2024 | $0.025 | OrdinaryDividend |
| Jan 31, 2024 | $0.027 | OrdinaryDividend |
| Dec 29, 2023 | $0.026 | OrdinaryDividend |
| Nov 30, 2023 | $0.024 | OrdinaryDividend |
| Oct 31, 2023 | $0.024 | OrdinaryDividend |
| Sep 29, 2023 | $0.022 | OrdinaryDividend |
| Aug 31, 2023 | $0.022 | OrdinaryDividend |
| Jul 31, 2023 | $0.022 | OrdinaryDividend |
| Jun 30, 2023 | $0.021 | OrdinaryDividend |
| May 31, 2023 | $0.022 | OrdinaryDividend |
| Apr 28, 2023 | $0.020 | OrdinaryDividend |
| Mar 31, 2023 | $0.020 | OrdinaryDividend |
| Feb 28, 2023 | $0.017 | OrdinaryDividend |
| Jan 31, 2023 | $0.018 | OrdinaryDividend |
| Dec 30, 2022 | $0.019 | OrdinaryDividend |
| Nov 30, 2022 | $0.014 | OrdinaryDividend |
| Oct 31, 2022 | $0.017 | OrdinaryDividend |
| Sep 30, 2022 | $0.013 | OrdinaryDividend |
| Aug 31, 2022 | $0.014 | OrdinaryDividend |
| Jul 29, 2022 | $0.010 | OrdinaryDividend |
| Jun 30, 2022 | $0.008 | OrdinaryDividend |
| May 31, 2022 | $0.008 | OrdinaryDividend |
| Apr 29, 2022 | $0.006 | OrdinaryDividend |
| Mar 31, 2022 | $0.005 | OrdinaryDividend |
| Feb 28, 2022 | $0.004 | OrdinaryDividend |
| Jan 31, 2022 | $0.001 | OrdinaryDividend |
USMEX - Fund Manager Analysis
Managers
Robert Wimmel
Start Date
Tenure
Tenure Rank
Aug 25, 2015
6.77
6.8%
Rob is the head of Tax-Exempt Fixed Income at BMO Global Asset Management. Rob began his career in the investment industry in 1992 and joined BMO Global Asset Management in 2015. Previously, Rob was head of investment-grade municipals at Invesco from 1996 to 2015. Rob holds an M.A. in economics from the University of Illinois at Chicago and a B.A. in anthropology cum laude from the University of Cincinnati.
Thomas Byron
Start Date
Tenure
Tenure Rank
Oct 13, 2015
6.64
6.6%
Tom is a senior portfolio manager on the BMO Tax-Exempt Fixed Income Team. Before joining BMO Global Asset Management in 2015, Tom was a senior portfolio manager at Invesco. He began his career in the investment industry as a unit trust administrator for Invesco in 1981. Tom holds an M.B.A. in finance from DePaul University and a B.S. in finance from Marquette University.
Brian Sipich
Start Date
Tenure
Tenure Rank
Oct 04, 2016
5.66
5.7%
Mr. Sipich joined BMO Asset Management Corp in 2015 where he serves as a Vice President and Portfolio Manager. Previously, Mr. Sipich was a quantitative analyst at Invesco Advisers and held various positions there since 2008. He is a CFA Charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.36 | 1.58 |
