CADOX

About CADOX

Columbia Minnesota Tax-Exempt Fund Institutional 2 Class is a mutual fund designed to provide investors with a high level of income that is generally exempt from both U.S. federal and Minnesota state and local income taxes. The fund primarily invests at least 80% of its assets in municipal debt obligations issued by the State of Minnesota and its local agencies, which are typically used to finance public projects such as schools, infrastructure, and other essential services. Suitable for investors seeking tax-advantaged income, especially Minnesota residents, the fund does not focus on a particular maturity range and may hold bonds of varying durations. Managed by a team of experienced professionals, the fund pursues yield and total return potential by selectively incorporating lower-rated securities within its portfolio, making it a non-diversified offering within the municipal bond category. The fund’s performance is evaluated against relevant municipal bond indices and its peer group, underscoring its role as a specialized fixed income instrument that addresses the needs for tax-exempt income within the state-focused municipal bond market.