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Trending ETFs

Columbia Ultra Short Duration Municipal Bond Fund

mutual fund
USMEX
Payout Change
Pending
Price as of:
$10.02 -0.01 -0.1%
primary theme
Municipal Bond
USMEX (Mutual Fund)

Columbia Ultra Short Duration Municipal Bond Fund

Payout Change
Pending
Price as of:
$10.02 -0.01 -0.1%
primary theme
Municipal Bond
USMEX (Mutual Fund)

Columbia Ultra Short Duration Municipal Bond Fund

Payout Change
Pending
Price as of:
$10.02 -0.01 -0.1%
primary theme
Municipal Bond

Name

As of 10/11/2024

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

$10.02

$122 M

3.20%

$0.32

0.34%

Vitals

YTD Return

2.6%

1 yr return

4.0%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$122 M

Holdings in Top 10

25.8%

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 10/11/2024

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

$10.02

$122 M

3.20%

$0.32

0.34%

USMEX - Profile

Distributions

  • YTD Total Return 2.6%
  • 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
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Columbia Ultra Short Duration Municipal Bond Fund
  • Fund Family Name
    Columbia Funds Complex
  • Inception Date
    Jan 26, 2022
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert 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.
Read More

USMEX - Performance

Return Ranking - Trailing

Period USMEX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -3.0% 26.3% 42.94%
1 Yr 4.0% 1.7% 37.9% 98.27%
3 Yr N/A* -10.2% 3.3% 33.48%
5 Yr N/A* -6.8% 1104.6% 74.42%
10 Yr N/A* -1.0% 248.8% 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% 98.46%
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 2.6% -3.0% 26.3% 42.94%
1 Yr 4.0% 1.7% 37.9% 98.27%
3 Yr N/A* -10.2% 3.3% 32.36%
5 Yr N/A* -6.8% 1104.6% 62.83%
10 Yr N/A* -1.0% 248.8% 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% 95.33%
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 83.01%
Number of Holdings 80 4 13418 92.94%
Net Assets in Top 10 25 M -317 M 3.45 B 82.76%
Weighting of Top 10 25.77% 1.9% 100.1% 20.25%

Top 10 Holdings

  1. Plano Independent School District 3.12%
  2. State of California 3.03%
  3. State of Texas 2.97%
  4. Louisiana Public Facilities Authority 2.59%
  5. REF-TRANSPTRN INFRASTRUCTURE- 2.58%
  6. Kentucky Public Energy Authority 2.58%
  7. E-470 Public Highway Authority 2.57%
  8. New York State Thruway Authority 2.11%
  9. Fairfax County Redevelopment Housing Authority 2.11%
  10. Triborough Bridge Tunnel Authority 2.11%

Asset Allocation

Weighting Return Low Return High USMEX % Rank
Bonds
98.32% 0.00% 150.86% 66.07%
Cash
1.68% -50.86% 43.45% 32.02%
Stocks
0.00% 0.00% 99.89% 97.14%
Preferred Stocks
0.00% 0.00% 0.08% 96.54%
Other
0.00% -3.72% 51.88% 88.08%
Convertible Bonds
0.00% 0.00% 0.93% 96.52%

Bond Sector Breakdown

Weighting Return Low Return High USMEX % Rank
Municipal
98.30% 44.39% 100.00% 51.07%
Cash & Equivalents
0.65% 0.00% 43.45% 32.56%
Derivative
0.00% -3.72% 51.88% 87.28%
Securitized
0.00% 0.00% 5.93% 96.52%
Corporate
0.00% 0.00% 9.41% 96.59%
Government
0.00% 0.00% 52.02% 96.79%

Bond Geographic Breakdown

Weighting Return Low Return High USMEX % Rank
US
98.32% 0.00% 142.23% 63.58%
Non US
0.00% 0.00% 23.89% 98.40%

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% 93.14%
Management Fee 0.21% 0.00% 1.20% 6.92%
12b-1 Fee 0.00% 0.00% 1.00% 17.62%
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 3.20% 0.00% 14.51% 47.90%

Dividend Distribution Analysis

USMEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly 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

View More +

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 7.35 1.58