CODRX

About CODRX

Columbia Oregon Intermediate Municipal Bond Fund Institutional 2 Class is an open‑end municipal bond fund focused on tax‑exempt income. The fund seeks a high level of income exempt from federal and Oregon state income taxes by investing at least 80% of assets in municipal securities issued by the State of Oregon and its local entities. It emphasizes primarily investment‑grade credits and targets an intermediate interest‑rate profile, typically maintaining an average portfolio maturity of about three to ten years to balance income generation with rate sensitivity. Positioned within the single‑state, intermediate municipal category, it distributes income monthly and is designed for investors prioritizing state‑specific tax efficiency. Managed within the Columbia Funds Series Trust, the strategy spans essential public‑purpose sectors such as education, transportation, utilities, and general obligation financing that support Oregon’s infrastructure and services. With a broad portfolio and below‑average risk profile relative to its category, the fund serves as a core, tax‑aware fixed income allocation for residents seeking state and federal tax‑advantaged municipal exposure.