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Columbia High Yield Muni Z (SRHMX) Fund Ranking and Research

Ranking, Research and Recommendation of Columbia High Yield Muni Z (SRHMX) Fund

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

 

Graph of Columbia High Yield Muni Z Fund (SRHMX) ManagerFund Manager - Chad H. Farrington

Fund Manager Information

Fund Manager Tenure: 10.9 years
Fund Family: Columbia
Fund Category: High Yield Muni
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.72)     (What does this score mean?)
Farrington is Director of the Columbia Advisor. Farrington associated with the Columbia Advisor or its predecessors as an investment professional since 2003. Farrington holds the charted financial analyst designation.  Get more insights on Chad H. Farrington

 

Graph of Columbia High Yield Muni Z Fund (SRHMX) ProfileColumbia High Yield Muni Z Fund (SRHMX) Profile

Fund Profile and Description

Columbia High Yield Muni Z Fund seeks total return, consisting of current income exempt from federal income tax and capital appreciation. Columbia High Yield Muni Z Fund invests at least 80% of assets in high-yielding securities whose gross income will be exempt from federal income tax (but not necessary the AMT). These generally are medium- or lower-rated securities or unrated securities of comparable quality, but may also include other securities that have the potential for high yield. It may invest up to 20% of total assets in high-quality taxable money market instruments. Columbia High Yield Muni Z Fund may purchase bonds of any maturity.

 

Columbia High Yield Muni Z (SRHMX) Fund Strength What we like about Columbia High Yield Muni Z (SRHMX) Fund

Data for Columbia High Yield Muni Z Fund (SRHMX) as of May 30, 2016

  • Columbia High Yield Muni Z Fund (SRHMX) management has been with Columbia High Yield Muni Z Fund for 10.9 years
  • Columbia High Yield Muni Z Fund (SRHMX) has good mid-term performance (3-year return 5.40% vs 4.69% High Yield Muni category median performance)
  • Columbia High Yield Muni Z Fund (SRHMX) has good Long-term performance (5-year return 7.65% vs 7.24% High Yield Muni category median performance)
  • Columbia High Yield Muni Z Fund (SRHMX) ratio of up-years vs down years is greater than 2
  • Columbia High Yield Muni Z Fund (SRHMX) has a Morningstar rating of 4 and above
  • Asset base in Columbia High Yield Muni Z Fund (SRHMX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Columbia High Yield Muni Z Fund (SRHMX) has an annual stock turnover rate of 7.00% vs High Yield Muni average of 21.59%. It is good that Columbia High Yield Muni Z management does not trade extensively for its return.
  • Columbia High Yield Muni Z Fund (SRHMX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.42, lower than category average of 5.19
  • Columbia High Yield Muni Z Fund (SRHMX) has a lower expense ratio than its High Yield Muni average: 0.66% vs 0.94%
  • Columbia High Yield Muni Z Fund (SRHMX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Columbia High Yield Muni Z Fund (SRHMX) Weakness What we are cautious about Columbia High Yield Muni Z (SRHMX) Fund

Data for Columbia High Yield Muni Z Fund (SRHMX) as of May 30, 2016

  • Columbia High Yield Muni Z Fund (SRHMX) has a less-than-ideal short-term performance (1-year return 6.48% vs 7.20% High Yield Muni category median performance)
See Columbia High Yield Muni Z Fund (SRHMX) performance details as of May 30, 2016

 

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Compare Columbia High Yield Muni Z Fund (SRHMX)Compare with other top High Yield Muni category mutual funds

Aadditional top High Yield Muni mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Columbia High Yield Muni Z2.966.485.407.65
American High-Income Municipal Bond A (AMHIX)3.957.345.437.81Compare
Federated Municipal High Yield Adv F (FHTFX)3.767.205.267.52Compare
Nuveen High Yield Municipal Bond I (NHMRX)5.259.627.0710.51Compare

See top fund managers for High Yield Muni Category Funds

 

Compare Columbia High Yield Muni Z Fund (SRHMX)Compare with High Yield Muni category ETFs

Some High Yield Muni ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors High-Yield Municipal ETF (HYD)4.66%8.12%4.07%
SPDR Nuveen S&P High Yield Muni Bd ETF (HYMB)4.17%7.38%4.98%

 

Graph of Columbia High Yield Muni Z Fund (SRHMX) Net Asset TrackingColumbia High Yield Muni Z (SRHMX) Fund Net Asset

Track net asset change of Columbia High Yield Muni Z fund (SRHMX)

DateNet Asset
05/2016$935.43M
03/2016$913.59M
02/2016$904.25M
More historic net asset information on Columbia High Yield Muni Z Fund (SRHMX)

  

Graph of Columbia High Yield Muni Z Fund (SRHMX) Portfolio TrackingColumbia High Yield Muni Z (SRHMX) Fund Portfolio Allocation

Track portfolio allocation change of Columbia High Yield Muni Z fund (SRHMX)

DateCashStockBondOther
03/20160.61%0%99.31%0.08%
01/20160.62%0%99.3%0.08%
09/20151.59%0%98.33%0.08%
Click here to see more historic asset allocation information on Columbia High Yield Muni Z Fund (SRHMX)

 

graph of Columbia High Yield Muni Z Fund (SRHMX) Top 10 Position TrackingTop 10 Holdings in Columbia High Yield Muni Z (SRHMX) Fund

Discover what Columbia High Yield Muni Z Fund (SRHMX) manager is buying

Mar 30, 2016
Michigan Tob Settlement Fin Au Tobacc 6% [1.21%]
Public Pwr Generation Agy Neb Ref 0.14% [1.1%]
State Pub Sch Bldg Auth 0.01% [1.05%]
Tobacco Settlement Fing Corp V Asset 5% [0.96%]
Regl Transn Dist 5% [0.92%]
M-S-R Engy Auth 6.5% [0.82%]
Miami-Dade Cnty Fla Spl Obl Sub Spl O [0.77%]
Alexandria Va Indl Dev Auth 5% [0.74%]
Lucas Cnty Ohio Health Care Fa Ref Im 7% [0.73%]
Florida Dev Fin Corp Edl Facs Rev Bds 6% [0.71%]

Jan 30, 2016
Michigan Tob Settlement Fin Au Tobacc 6% [1.17%]
Public Pwr Generation Agy Neb Ref 0.14% [1.11%]
State Pub Sch Bldg Auth 0.01% [1.08%]
Regl Transn Dist 5% [0.94%]
Tobacco Settlement Fing Corp V Asset 5% [0.93%]
M-S-R Engy Auth 6.5% [0.85%]
Miami-Dade Cnty Fla Spl Obl Sub Spl O [0.78%]
Alexandria Va Indl Dev Auth 5% [0.76%]
Lucas Cnty Ohio Health Care Fa Ref Im 7% [0.74%]
Florida Dev Fin Corp Edl Facs Rev Bds 6% [0.72%]

Sep 29, 2015
Puerto Rico Comwlth Go Bds 8% [1.2%]
State Pub Sch Bldg Auth 0.01% [1.14%]
Michigan Tob Settlement Fin Au Tobacc 6% [1.14%]
Public Pwr Generation Agy Neb Ref 0.14% [1.13%]
Regl Transn Dist 5% [0.95%]
Tobacco Settlement Fing Corp V Asset 5% [0.89%]
M-S-R Engy Auth 6.5% [0.82%]
Illinois Fin Auth 0.08% [0.75%]
Alexandria Va Indl Dev Auth 5% [0.75%]
Florida Dev Fin Corp Edl Facs Rev Bds 6% [0.74%]
Click here for Stock Holding Change Map in Columbia High Yield Muni Z Fund (SRHMX)

  

Latest News on Columbia High Yield Muni Z (SRHMX) Fund

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