3 / 5 Stars
4 4 3 2 2
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#8 in Muni Minnesota
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 -1.16 percent over the past year, 6.32 percent over the past three years, 5.99 percent over the past five years, and 4.10 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.0%|
|3 Years (Annualized)||6.3%|
|5 Years (Annualized)||6.0%|
|10 Years (Annualized)||4.1%|
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. Under normal market circumstances, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in municipal obligations that are generally exempt from U.S. federal income tax as well as from Minnesota state and local income tax. It may invest in fixed income securities of any maturity and does not seek to maintain a particular dollar-weighted average maturity. The fund is non-diversified.
Fees are Below Average compared to funds in the same category.
Columbia Minnesota Tax-Exempt Fund has an expense ratio of 0.82 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.