CMBFX

About CMBFX

Columbia Oregon Intermediate Municipal Bond Fund Institutional Class is a single‑state municipal bond mutual fund focused on generating a high level of income that is exempt from federal and Oregon state income taxes. The portfolio invests at least 80% of net assets in municipal securities issued by the State of Oregon and its local authorities, emphasizing intermediate maturities to balance income and interest‑rate sensitivity. The strategy is grounded in fundamental credit research to identify high‑quality issuers funding essential public projects such as infrastructure, education, and utilities. Classified within the muni single‑state intermediate category, the fund typically maintains duration in the 4–6 year range and diversifies across revenue and general obligation bonds to manage credit and sector exposure. With hundreds of holdings and low turnover, it seeks consistent, tax‑advantaged income distributed monthly, complemented by disciplined risk management and benchmark awareness. Established track record and institutional share class features position the fund as a specialized vehicle for investors seeking Oregon‑focused municipal exposure and tax‑efficient income within a fixed income allocation.