FROIYX

About FROIYX

Columbia Short Duration Municipal Bond Fund Class Y is an actively managed municipal bond mutual fund focused on generating current income that is exempt from U.S. federal income tax while emphasizing preservation of capital. The strategy concentrates on high-quality, short-maturity municipal securities, maintaining a low interest-rate sensitivity profile through a short average effective duration, which can help dampen price volatility relative to broader muni markets. The portfolio allocates across essential-service and revenue-backed sectors such as local and state general obligations, airports, toll roads, housing, and refunded issues, reflecting diversified exposure to core municipal infrastructure and services. Credit quality skews to investment grade, with substantial allocations in AAA, AA, and A ratings, complemented by selective BBB and unrated positions for incremental income. Managed by an experienced team at Columbia Threadneedle, the fund’s short duration focus positions it as a potential core tax-exempt holding for investors seeking stable, federally tax-advantaged income and liquidity-conscious municipal market exposure.