4 / 5 Stars
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 15 Muni Minnesota Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 5.91 percent over the past year, 6.65 percent over the past three years, 6.36 percent over the past five years, and 4.74 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.6%|
|3 Years (Annualized)||6.6%|
|5 Years (Annualized)||6.4%|
|10 Years (Annualized)||4.7%|
The investment seeks to provide shareholders with a high level of income generally exempt from federal income tax as well as from Minnesota state and local tax. The fund invests at least 80% of its assets in municipal obligations that are generally exempt from federal income tax as well as from Minnesota state and local income tax. It may invest more than 25% of its total assets in a particular segment of the municipal securities market or in industrial revenue bonds. The fund also may invest up to 20% of its net assets in debt obligations whose interest is subject to the alternative minimum tax. It is non-diversified.
Fees are Low compared to funds in the same category.
Columbia Minnesota Tax Exempt Fund has an expense ratio of 0.54 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.