Columbia Tax-Exempt Fund

Scorecard
4 / 5 Stars
Lipper
4 4 2 3 5
Zacks Investment Research
3 (Hold)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B+ (Buy)

#21 in Muni National Long

U.S. News evaluated 58 Muni National Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 6.45 percent over the past year, 6.14 percent over the past three years, 6.57 percent over the past five years, and 5.00 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 6.8%
1 Year 6.5%
3 Years (Annualized) 6.1%
5 Years (Annualized) 6.6%
10 Years (Annualized) 5.0%

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Summary

The investment seeks total return, consisting of current income exempt from federal income tax and of capital appreciation, consistent with moderate fluctuation of principal. Under normal circumstances, the fund invests at least 80% of its total net assets (including the amount of any borrowings for investment purposes) in bonds that pay interest exempt from federal income tax (including the federal alternative minimum tax). It invests at least 65% of its total assets in tax-exempt bonds that, at the time of purchase, are rated investment grade or are unrated but determined to be of comparable quality. The fund may invest in bonds of any maturity.

Fees

Fees are Above Average compared to funds in the same category.
Columbia Tax-Exempt Fund has an expense ratio of 0.76 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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