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Columbia Minnesota Tax-Exempt Z (CMNZX) Fund Ranking and Research

Ranking, Research and Recommendation of Columbia Minnesota Tax-Exempt Z (CMNZX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Columbia Minnesota Tax-Exempt Z Fund (CMNZX) ManagerFund Manager - Catherine M. Stienstra

Fund Manager Information

Fund Manager Tenure: 10.9 years
Fund Family: Columbia
Fund Category: Muni Minnesota
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.73)     (What does this score mean?)

 

Graph of Columbia Minnesota Tax-Exempt Z Fund (CMNZX) ProfileColumbia Minnesota Tax-Exempt Z Fund (CMNZX) Profile

Fund Profile and Description

Columbia Minnesota Tax-Exempt Z Fund seeks a high level income generally exempt from federal income and from the state and local tax. Columbia Minnesota Tax-Exempt Z Fund invests at least 80% of assets in municipal obligations that are generally exempt from federal income tax and from the state as well as from Minnesota State and local income tax. It invests more than 25% of assets in a particular segment of the municipal securities market or in industrial revenue bonds. Columbia Minnesota Tax-Exempt Z Fund invests up to 25% of assets in lower-quality bonds (junk bonds). It may also invest up to 20% of assets in debt obligations whose interest is subject to the alternative minimum tax. Columbia Minnesota Tax-Exempt Z Fund is non-diversified.

 

Columbia Minnesota Tax-Exempt Z (CMNZX) Fund Strength What we like about Columbia Minnesota Tax-Exempt Z (CMNZX) Fund

Data for Columbia Minnesota Tax-Exempt Z Fund (CMNZX) as of May 30, 2016

  • Columbia Minnesota Tax-Exempt Z Fund (CMNZX) management has been with Columbia Minnesota Tax-Exempt Z Fund for 10.9 years
  • Columbia Minnesota Tax-Exempt Z Fund (CMNZX) has good short-term performance (1-year return 5.99% vs 4.55% Muni Minnesota category median performance)
  • Columbia Minnesota Tax-Exempt Z Fund (CMNZX) has good mid-term performance (3-year return 4.41% vs 3.37% Muni Minnesota category median performance)
  • Columbia Minnesota Tax-Exempt Z Fund (CMNZX) has good Long-term performance (5-year return 5.65% vs 4.37% Muni Minnesota category median performance)
  • Columbia Minnesota Tax-Exempt Z Fund (CMNZX) ratio of up-years vs down years is greater than 2
  • Columbia Minnesota Tax-Exempt Z Fund (CMNZX) has a Morningstar rating of 4 and above
  • Asset base in Columbia Minnesota Tax-Exempt Z Fund (CMNZX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Columbia Minnesota Tax-Exempt Z Fund (CMNZX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.3, lower than category average of 3.37
  • Columbia Minnesota Tax-Exempt Z Fund (CMNZX) has a lower expense ratio than its Muni Minnesota average: 0.57% vs 0.96%
  • Columbia Minnesota Tax-Exempt Z Fund (CMNZX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Columbia Minnesota Tax-Exempt Z Fund (CMNZX) Weakness What we are cautious about Columbia Minnesota Tax-Exempt Z (CMNZX) Fund

Data for Columbia Minnesota Tax-Exempt Z Fund (CMNZX) as of May 30, 2016

  • Columbia Minnesota Tax-Exempt Z Fund (CMNZX) has an annual stock turnover rate of 9.00% that is higher than the Muni Minnesota average of 8.07%. This could mean Columbia Minnesota Tax-Exempt Z is more nimble, but also signal potential high tax impact and high trading fees
See Columbia Minnesota Tax-Exempt Z Fund (CMNZX) performance details as of May 30, 2016

 

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Compare Columbia Minnesota Tax-Exempt Z Fund (CMNZX)Compare with other top Muni Minnesota category mutual funds

Aadditional top Muni Minnesota mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Columbia Minnesota Tax-Exempt Z2.765.994.415.65
Delaware MN High-Yield Muni Bd A (DVMHX)2.264.973.675.22Compare
Sit MN Tax-Free Income (SMTFX)2.625.553.955.30Compare

See top fund managers for Muni Minnesota Category Funds

 

Graph of Columbia Minnesota Tax-Exempt Z Fund (CMNZX) Net Asset TrackingColumbia Minnesota Tax-Exempt Z (CMNZX) Fund Net Asset

Track net asset change of Columbia Minnesota Tax-Exempt Z fund (CMNZX)

DateNet Asset
05/2016$550.10M
03/2016$524.52M
02/2016$516.35M
More historic net asset information on Columbia Minnesota Tax-Exempt Z Fund (CMNZX)

  

Graph of Columbia Minnesota Tax-Exempt Z Fund (CMNZX) Portfolio TrackingColumbia Minnesota Tax-Exempt Z (CMNZX) Fund Portfolio Allocation

Track portfolio allocation change of Columbia Minnesota Tax-Exempt Z fund (CMNZX)

DateCashStockBondOther
03/20160.8%0%99.2%0%
01/20160.85%0%99.15%0%
09/20150.14%0%99.86%0%
Click here to see more historic asset allocation information on Columbia Minnesota Tax-Exempt Z Fund (CMNZX)

 

graph of Columbia Minnesota Tax-Exempt Z Fund (CMNZX) Top 10 Position TrackingTop 10 Holdings in Columbia Minnesota Tax-Exempt Z (CMNZX) Fund

Discover what Columbia Minnesota Tax-Exempt Z Fund (CMNZX) manager is buying

Mar 30, 2016
Western Minn Mun Pwr Agy Minn Rev Bds 5% [2%]
Minnesota St Gen Fd Rev St Gen 5% [1.76%]
St Paul Minn Hsg & Redev Auth 5% [1.57%]
Minnesota St Hsg Fin Agy Homeo Fin 2.95% [1.54%]
Minnesota St Mun Pwr Agy Elec Elec 5.25% [1.54%]
Southern Minn Mun Pwr Agy Pwr Cap Appre [1.54%]
St Paul Minn Hsg & Redev Auth 5.25% [1.53%]
Minneapolis & St Paul Minn Met Sr Air 5% [1.47%]

Jan 30, 2016
Western Minn Mun Pwr Agy Minn Rev Bds 5% [2.09%]
Minnesota St Gen Fd Rev St Gen 5% [1.86%]
St Paul Minn Hsg & Redev Auth 5% [1.64%]
Minnesota St Hsg Fin Agy Homeo Fin 2.95% [1.62%]
Minnesota St Mun Pwr Agy Elec Elec 5.25% [1.62%]
Southern Minn Mun Pwr Agy Pwr Cap Appre [1.61%]
St Paul Minn Hsg & Redev Auth 5.25% [1.61%]
Minneapolis & St Paul Minn Met Sr Air 5% [1.55%]

Sep 29, 2015
Minnesota St Gen Fd Rev St Gen 5% [1.92%]
St Paul Minn Hsg & Redev Auth 5% [1.72%]
Minnesota St Mun Pwr Agy Elec Elec 5.25% [1.69%]
St Paul Minn Hsg & Redev Auth 5.25% [1.68%]
Minneapolis & St Paul Minn Met Sr Air 5% [1.63%]
St Louis Park Minn Health Care Hlt 5.75% [1.6%]
Southern Minn Mun Pwr Agy Pwr Cap Appre [1.59%]
Maple Grove Minn Health Care S Hea 5.25% [1.47%]
Click here for Stock Holding Change Map in Columbia Minnesota Tax-Exempt Z Fund (CMNZX)

  

Latest News on Columbia Minnesota Tax-Exempt Z (CMNZX) Fund

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Columbia Minnesota Tax-Exempt Z Fund (CMNZX) Related ResourcesSee more information on Columbia Minnesota Tax-Exempt Z (CMNZX) Fund

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