CNBRX

About CNBRX

Columbia California Intermediate Municipal Bond Fund Institutional 2 Class is an actively managed municipal bond mutual fund focused on generating current income that is exempt from U.S. federal and California state income taxes. The fund primarily invests in investment-grade municipal securities issued by California state and local entities, targeting an intermediate interest-rate profile to balance income with moderate principal fluctuation. It normally maintains at least 80% of assets in bonds whose interest is exempt from both federal and California individual income taxes, aligning it with the Muni California Intermediate category. The portfolio distributes income monthly and holds a diversified mix of California municipal issuers that finance public-purpose projects across sectors such as education, transportation, utilities, and essential services. Positioned between short and long duration strategies, the fund’s intermediate approach seeks to mitigate extreme interest-rate sensitivity while maintaining a meaningful tax-exempt income stream for investors subject to California taxation. According to public fund data, it offers an institutional share class structure with a competitive expense profile relative to its category and a long operating history dating back to 2012.