Columbia Strategic New York Municipal Income Fund (COLNX)
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 New York individual income tax.
Fund Info
| ISIN | US19765L1998 |
|---|---|
| CUSIP | 19765L199 |
| Issuer | Columbia Threadneedle |
| Inception Date | Sep 25, 1986 |
| Category | Municipal Bonds |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
COLNX has a high expense ratio of 0.78%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: COLNX vs. SPY, COLNX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Columbia Strategic New York 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 New York Municipal Income Fund had a return of 0.43% year-to-date (YTD) and 5.13% in the last 12 months. Over the past 10 years, Columbia Strategic New York Municipal Income Fund had an annualized return of 1.91%, while the S&P 500 had an annualized return of 10.90%, indicating that Columbia Strategic New York Municipal Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.43% | 11.05% |
| 1 month | 1.61% | 4.86% |
| 6 months | 6.84% | 17.50% |
| 1 year | 5.13% | 27.37% |
| 5 years (annualized) | 0.46% | 13.14% |
| 10 years (annualized) | 1.91% | 10.90% |
Monthly Returns
The table below presents the monthly returns of COLNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.06% | 0.20% | 0.07% | -1.54% | 0.43% | ||||||||
| 2023 | 4.01% | -2.88% | 1.91% | 0.32% | -0.52% | 0.79% | 0.35% | -2.04% | -3.41% | -1.73% | 7.90% | 3.63% | 8.03% |
| 2022 | -2.74% | -0.98% | -3.59% | -3.77% | 1.32% | -3.52% | 3.40% | -3.27% | -5.62% | -1.66% | 6.11% | -0.30% | -14.21% |
| 2021 | 1.03% | -1.58% | 0.80% | 1.16% | 0.73% | 0.72% | 0.81% | -0.61% | -0.98% | -0.26% | 1.18% | 0.17% | 3.16% |
| 2020 | 1.96% | 1.77% | -4.95% | -3.60% | 3.78% | 1.86% | 1.70% | -0.58% | -0.48% | 0.05% | 2.14% | 1.19% | 4.58% |
| 2019 | 0.56% | 0.38% | 1.92% | 0.52% | 1.61% | 0.24% | 0.54% | 1.86% | -0.91% | -0.39% | -0.13% | 0.04% | 6.38% |
| 2018 | -0.94% | -0.44% | 0.27% | -0.55% | 1.11% | 0.12% | 0.13% | 0.00% | -0.70% | -0.70% | 0.84% | 0.98% | 0.09% |
| 2017 | 0.41% | 0.66% | 0.27% | 0.68% | 1.49% | -0.13% | 0.54% | 0.53% | -0.15% | 0.13% | -0.49% | 0.94% | 4.97% |
| 2016 | 1.09% | 0.00% | 0.67% | 0.79% | 0.38% | 1.95% | -0.27% | 0.25% | -0.54% | -1.18% | -3.96% | 0.96% | 0.01% |
| 2015 | 2.03% | -1.17% | 0.44% | -0.50% | -0.36% | -0.11% | 0.85% | 0.43% | 0.56% | 0.29% | 0.25% | 0.83% | 3.56% |
| 2014 | 2.16% | 1.12% | 0.19% | 1.42% | 1.40% | 0.04% | 0.31% | 1.38% | 0.16% | 0.71% | 0.16% | 0.81% | 10.30% |
| 2013 | 0.43% | 0.40% | -0.75% | 1.21% | -1.39% | -3.80% | -1.06% | -1.35% | 2.16% | 0.74% | -0.25% | -0.13% | -3.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of COLNX is 21, indicating that it is in the bottom 21% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
COLNX (Columbia Strategic New York Municipal Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Columbia Strategic New York Municipal Income Fund (COLNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Columbia Strategic New York Municipal Income Fund granted a 3.45% dividend yield in the last twelve months. The annual payout for that period amounted to $0.90 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.90 | $0.89 | $0.79 | $0.95 | $0.93 | $0.75 | $0.94 | $0.92 | $0.90 | $1.05 | $1.08 | $1.27 |
Dividend yield | 3.45% | 3.37% | 3.11% | 3.13% | 3.07% | 2.49% | 3.24% | 3.08% | 3.09% | 3.48% | 3.58% | 4.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Columbia Strategic New York 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.08 | $0.07 | $0.08 | $0.08 | $0.00 | $0.30 | |||||||
| 2023 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.08 | $0.07 | $0.08 | $0.89 |
| 2022 | $0.06 | $0.05 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.79 |
| 2021 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.29 | $0.95 |
| 2020 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.05 | $0.06 | $0.06 | $0.24 | $0.93 |
| 2019 | $0.08 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.75 |
| 2018 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.94 |
| 2017 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.05 | $0.08 | $0.92 |
| 2016 | $0.09 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.04 | $0.08 | $0.90 |
| 2015 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.07 | $0.09 | $1.05 |
| 2014 | $0.09 | $0.08 | $0.10 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $1.08 |
| 2013 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.28 | $1.27 |
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 New York 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 New York Municipal Income Fund was 19.80%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Columbia Strategic New York Municipal Income Fund drawdown is 7.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.8% | Aug 5, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -17.88% | Oct 19, 1993 | 286 | Nov 22, 1994 | 668 | Jun 13, 1997 | 954 |
| -15.41% | Jan 24, 2008 | 226 | Dec 15, 2008 | 165 | Aug 12, 2009 | 391 |
| -13.42% | Mar 10, 2020 | 9 | Mar 20, 2020 | 184 | Dec 10, 2020 | 193 |
| -12.64% | Sep 8, 1987 | 30 | Oct 19, 1987 | 68 | Jan 21, 1988 | 98 |
Volatility
Volatility Chart
The current Columbia Strategic New York Municipal Income Fund volatility is 1.01%, 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.