CMNZX

About CMNZX

Columbia Minnesota Tax-Exempt Fund Institutional Class is a municipal bond mutual fund designed to provide investors with a high level of income that is generally exempt from both federal and Minnesota state and local income taxes. Its primary function is to invest at least 80% of its net assets in municipal obligations that qualify for these tax exemptions. The fund's portfolio is concentrated in debt securities issued by various Minnesota governmental entities, such as healthcare, education, and utility authorities, and does not target a specific maturity, enabling flexibility across interest-rate environments. It is actively managed and classified as a non-diversified fund, meaning its holdings may be more concentrated in certain issuers or sectors compared to diversified funds. Columbia Minnesota Tax-Exempt Fund Institutional Class plays a significant role for institutional investors or high-net-worth individuals who are Minnesota residents seeking tax-advantaged income and exposure to Minnesota’s public infrastructure and development projects. Its cost structure is competitive within its peer group, and its performance is benchmarked against the Bloomberg Municipal Minnesota Index, making it a specialized fixed income vehicle in the broader municipal bond market.