Columbia Tax-Exempt Fund (COLTX)
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.
Fund Info
ISIN | US19765L8506 |
---|---|
CUSIP | 19765L850 |
Issuer | Columbia Threadneedle |
Inception Date | Nov 20, 1978 |
Category | Municipal Bonds |
Min. Investment | $2,000 |
Asset Class | Bond |
Expense Ratio
COLTX 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 Tax-Exempt 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 Tax-Exempt Fund had a return of 0.78% year-to-date (YTD) and 4.54% in the last 12 months. Over the past 10 years, Columbia Tax-Exempt Fund had an annualized return of 2.01%, while the S&P 500 had an annualized return of 10.97%, indicating that Columbia Tax-Exempt Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.78% | 11.29% |
1 month | 1.24% | 4.87% |
6 months | 7.13% | 17.88% |
1 year | 4.54% | 29.16% |
5 years (annualized) | 0.44% | 13.20% |
10 years (annualized) | 2.01% | 10.97% |
Monthly Returns
The table below presents the monthly returns of COLTX, 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 | 0.14% | 0.11% | 0.22% | -1.31% | 0.78% | ||||||||
2023 | 3.61% | -2.68% | 1.85% | 0.20% | -0.65% | 0.98% | 0.40% | -1.59% | -3.72% | -2.22% | 8.23% | 2.89% | 6.93% |
2022 | -2.80% | -0.86% | -3.22% | -3.41% | 0.84% | -2.70% | 3.16% | -2.61% | -4.81% | -1.76% | 6.14% | -0.55% | -12.36% |
2021 | 0.89% | -1.47% | 0.75% | 1.11% | 0.67% | 0.51% | 0.88% | -0.50% | -0.88% | -0.15% | 1.03% | 0.16% | 3.01% |
2020 | 1.90% | 1.98% | -6.22% | -3.25% | 3.02% | 2.01% | 1.98% | -0.28% | -0.06% | -0.21% | 1.89% | 0.94% | 3.37% |
2019 | 0.52% | 0.56% | 1.88% | 0.50% | 1.55% | 0.27% | 0.30% | 1.62% | -0.93% | -0.21% | -0.14% | 0.03% | 6.07% |
2018 | -0.93% | -0.45% | 0.44% | -0.30% | 1.10% | 0.09% | 0.17% | 0.25% | -0.67% | -0.85% | 0.28% | 1.07% | 0.18% |
2017 | 0.43% | 0.84% | 0.20% | 0.61% | 1.55% | -0.37% | 0.78% | 0.91% | -0.27% | 0.24% | 0.02% | 1.06% | 6.15% |
2016 | 0.56% | -0.04% | 0.55% | 0.69% | 0.63% | 1.82% | -0.03% | 0.32% | -0.38% | -1.09% | -4.12% | 0.66% | -0.54% |
2015 | 1.78% | -0.94% | 0.50% | -0.65% | -0.29% | -0.23% | 0.57% | 0.21% | 0.78% | 0.49% | 0.56% | 0.78% | 3.57% |
2014 | 2.12% | 1.31% | 0.38% | 1.33% | 1.61% | -0.08% | 0.22% | 1.45% | 0.49% | 0.72% | 0.21% | 0.76% | 10.99% |
2013 | 0.69% | 0.38% | -0.57% | 1.03% | -0.99% | -3.56% | -1.11% | -1.65% | 2.03% | 0.74% | -0.09% | -0.22% | -3.39% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of COLTX is 20, indicating that it is in the bottom 20% 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.
COLTX (Columbia Tax-Exempt Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Columbia Tax-Exempt Fund (COLTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Columbia Tax-Exempt Fund granted a 3.50% dividend yield in the last twelve months. The annual payout for that period amounted to $0.41 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.41 | $0.41 | $0.38 | $0.43 | $0.44 | $0.36 | $0.50 | $0.53 | $0.56 | $0.58 | $0.59 | $0.57 |
Dividend yield | 3.50% | 3.43% | 3.30% | 3.20% | 3.27% | 2.65% | 3.80% | 3.86% | 4.16% | 4.13% | 4.20% | 4.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Columbia Tax-Exempt 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 | $0.04 | $0.03 | $0.04 | $0.03 | $0.00 | $0.14 | |||||||
2023 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.10 | $0.43 |
2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.44 |
2019 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.36 |
2018 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.01 | $0.05 | $0.50 |
2017 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.53 |
2016 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.56 |
2015 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.58 |
2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
2013 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.57 |
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 Tax-Exempt 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 Tax-Exempt Fund was 17.88%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Columbia Tax-Exempt Fund drawdown is 5.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-17.88% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
-14.3% | Mar 3, 2020 | 14 | Mar 20, 2020 | 216 | Jan 28, 2021 | 230 |
-12.98% | Jan 24, 2008 | 185 | Oct 16, 2008 | 217 | Aug 27, 2009 | 402 |
-11.65% | Feb 1, 1994 | 211 | Nov 22, 1994 | 95 | Apr 4, 1995 | 306 |
-11.44% | Mar 9, 1987 | 161 | Oct 19, 1987 | 74 | Jan 29, 1988 | 235 |
Volatility
Volatility Chart
The current Columbia Tax-Exempt Fund volatility is 0.79%, 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.