Columbia Strategic California Municipal Income Fund (CLMPX)
The investment seeks total return, with a focus on income exempt from federal income tax and California individual income tax and capital appreciation. The fund normally invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in municipal bonds that pay interest exempt from U.S. federal income tax (including the federal alternative minimum tax) and California individual income tax.
Fund Info
| ISIN | US19765L1089 |
|---|---|
| CUSIP | 19765L108 |
| Issuer | Columbia Threadneedle |
| Inception Date | Jun 15, 1986 |
| Category | Municipal Bonds |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
The Columbia Strategic California Municipal Income Fund has a high expense ratio of 0.73%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Columbia Strategic California Municipal Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Columbia Strategic California Municipal Income Fund had a return of -0.74% year-to-date (YTD) and 3.49% in the last 12 months. Over the past 10 years, Columbia Strategic California Municipal Income Fund had an annualized return of 1.87%, while the S&P 500 had an annualized return of 10.55%, indicating that Columbia Strategic California Municipal Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.74% | 6.33% |
| 1 month | -1.45% | -2.81% |
| 6 months | 11.90% | 21.13% |
| 1 year | 3.49% | 24.56% |
| 5 years (annualized) | 0.21% | 11.55% |
| 10 years (annualized) | 1.87% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.00% | 0.24% | 0.56% | |||||||||
| 2023 | -3.64% | -2.19% | 8.57% | 3.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Columbia Strategic California Municipal Income Fund(CLMPX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Columbia Strategic California Municipal Income Fund (CLMPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Columbia Strategic California Municipal Income Fund granted a 3.51% dividend yield in the last twelve months. The annual payout for that period amounted to $0.93 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.93 | $0.92 | $0.86 | $0.81 | $0.90 | $0.80 | $1.04 | $1.16 | $1.26 | $1.27 | $1.39 | $1.47 |
Dividend yield | 3.51% | 3.42% | 3.29% | 2.59% | 2.85% | 2.60% | 3.51% | 3.77% | 4.16% | 4.02% | 4.34% | 4.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Columbia Strategic California Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.08 | $0.07 | $0.08 | |||||||||
| 2023 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 |
| 2022 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.08 | $0.07 | $0.08 |
| 2021 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.14 |
| 2020 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.05 | $0.06 | $0.07 | $0.18 |
| 2019 | $0.09 | $0.08 | $0.09 | $0.08 | $0.09 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 |
| 2018 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.07 | $0.09 |
| 2017 | $0.10 | $0.09 | $0.10 | $0.09 | $0.10 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.15 | $0.09 |
| 2016 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.09 | $0.10 | $0.09 | $0.10 | $0.10 | $0.20 | $0.10 |
| 2015 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.17 | $0.10 |
| 2014 | $0.11 | $0.10 | $0.11 | $0.10 | $0.11 | $0.10 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.24 |
| 2013 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.10 | $0.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Columbia Strategic California Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Columbia Strategic California Municipal Income Fund was 21.92%, occurring on Oct 19, 1987. Recovery took 2514 trading sessions.
The current Columbia Strategic California Municipal Income Fund drawdown is 9.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.92% | Mar 9, 1987 | 161 | Oct 19, 1987 | 2514 | Jun 6, 1997 | 2675 |
| -20.45% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -13.89% | Mar 10, 2020 | 9 | Mar 20, 2020 | 178 | Dec 2, 2020 | 187 |
| -13.5% | Jan 24, 2008 | 185 | Oct 16, 2008 | 217 | Aug 27, 2009 | 402 |
| -9.74% | Sep 1, 2010 | 96 | Jan 18, 2011 | 136 | Aug 2, 2011 | 232 |
Volatility
Volatility Chart
The current Columbia Strategic California Municipal Income Fund volatility is 1.18%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.