LITAX

About LITAX

Columbia Intermediate Duration Municipal Bond Fund Class A is an open-end municipal bond mutual fund focused on generating current income that is exempt from federal income tax while seeking preservation of principal. The portfolio primarily invests in investment‑grade municipal securities from a diversified mix of state and local issuers, typically targeting an intermediate effective duration around the 4–6 year range to balance interest-rate sensitivity and income stability. The fund maintains broad holdings across sectors such as transportation, airports, utilities, and lease revenue, reflecting diversified exposure to essential public infrastructure financing. It generally keeps at least 80% of assets in municipal bonds whose interest is federally tax‑exempt, with daily-declared, monthly-distributed income. Established in 2002 and managed by Columbia, the fund sits in the Muni National Intermediate category, aiming to provide a core, tax‑efficient fixed income allocation for investors seeking moderate interest-rate risk and diversified municipal credit exposure. Key profile metrics often cited include an expense ratio near the category middle, a multi-hundred-issue portfolio, and a minimum initial investment commonly set at $2,000 for this share class.