CLMPX

About CLMPX

Columbia Strategic California Municipal Income Fund Class A is an open-end mutual fund specializing in municipal fixed income securities. Its primary purpose is to deliver total return by combining income, which is exempt from both federal and California individual income taxes, with a focus on long-term capital appreciation. The fund predominantly invests in a diversified portfolio of California municipal bonds, targeting holdings with longer durations—generally over six years—and maturities typically exceeding twelve years. This strategy aims to serve California residents seeking tax-advantaged income while supporting local infrastructure and public projects through municipal financing. The fund’s flexible approach allows managers to adjust credit quality, sector, and duration exposures in response to market conditions, maintaining a balance between risk and reward. Columbia Strategic California Municipal Income Fund Class A plays a significant role in the municipal bond market by offering a tailored solution for investors prioritizing tax efficiency and supporting California’s multifaceted economic landscape.