Columbia Strategic Municipal Income Fund Institutional 3 Class is a diversified mutual fund specializing in U.S. municipal bonds. Its principal objective is to deliver total return for investors through a combination of income, primarily exempt from federal income tax, and capital appreciation. The fund predominantly invests in high and medium quality municipal bonds issued by state and local governments and related authorities, targeting at least 75% of its assets in investment-grade securities. With a broad portfolio spanning hundreds of holdings, it actively allocates both to tax-exempt investment-grade and select lower-rated or non-rated bonds for enhanced yield and diversification. The fund’s strategy also takes advantage of varying interest rate environments and market dislocations by blending longer maturities and selective credit risk exposure, aiming to outperform standard municipal benchmarks. It pays monthly distributions and is positioned as a core municipal bond solution for institutional investors seeking efficient federal tax-exempt income with a risk-managed approach.
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