CIMYX

About CIMYX

Columbia Intermediate Duration Municipal Bond Fund Institutional 3 is an open‑end municipal bond mutual fund focused on generating current income that is exempt from federal income tax while maintaining capital preservation objectives. The portfolio primarily invests in investment‑grade municipal securities across states and sectors, targeting an intermediate **duration** profile—typically around four to six years—to balance interest‑rate sensitivity with income stability. Positioned in the Muni National Intermediate category, the strategy diversifies across issuers and public‑purpose projects such as general obligation and revenue bonds that fund infrastructure, education, healthcare, and essential services. The Institutional 3 share class offers a low ongoing cost structure relative to peers, reflecting its institutional orientation. The fund’s role in the market is to provide federally tax‑exempt income and moderate volatility compared with longer‑duration municipal strategies, serving as a core tax‑efficient fixed income allocation for institutions and high‑balance investors seeking broad municipal exposure without concentration in a single state. Fund materials highlight active management and risk controls, with holdings and sector allocations adjusted to evolving municipal credit and rate environments.