Columbia Strategic Municipal Income Fund Class C is a mutual fund specializing in municipal bonds, primarily aiming to deliver total return through income exempt from federal income tax and capital appreciation. The fund is managed by Columbia Threadneedle and typically invests at least 75% of its assets in high-grade bonds and notes issued by state or local government entities. As a member of the "Muni National Long" category, it maintains a diversified portfolio across various municipalities and sectors, reducing exposure to any single region or project. With an inception date of November 24, 1976, the fund features a monthly dividend payout and emphasizes capital preservation alongside income generation. Its investment approach is rooted in active management, focusing on credit quality and prudent selection among over 500 holdings, which helps mitigate risk. Columbia Strategic Municipal Income Fund Class C is notable for its role in supplying federally tax-exempt income, making it an important fixed-income vehicle for investors seeking diversification and tax-efficient income in the broader municipal bond market.
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