CADMX

About CADMX

Columbia Tax-Exempt Fund Institutional 2 is a municipal bond mutual fund designed for investors seeking federally tax-exempt income. This fund primarily invests in investment-grade municipal bonds issued by state and local governments across the United States, diversifying its holdings to reduce exposure to any single state or sector. The portfolio targets the Muni National Long category, generally implying a long duration and an average maturity exceeding 12 years, which can appeal to investors focused on long-term, tax-advantaged returns. Launched in 2013, Columbia Tax-Exempt Fund Institutional 2 aims to deliver a high level of after-tax total return with prudent risk management by balancing current income exempt from federal tax with opportunities for long-term capital appreciation. Notable features include a relatively low expense ratio and a monthly dividend payout, supporting consistent income needs. With sizeable fund assets and a broad portfolio that typically holds hundreds of securities, the fund plays a significant role in the municipal bond market, offering institutional and high-net-worth investors exposure to tax-efficient fixed income investments while helping finance public infrastructure and community projects nationwide.