Columbia Tax-Exempt Fund (COLTX)

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Columbia Tax-Exempt Fund (COLTX) is up 2.5% since the beginning of the year. COLTX is currently trading at $12 per share. Investors who bought $1,000 worth of COLTX shares 5 years ago would now be looking at an investment worth $1,033.

Columbia Tax-Exempt Fund (COLTX) has returned 2.49% so far this year and 8.37% over the past 12 months. Over the last ten years, COLTX has returned 1.92% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 1980, COLTX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.

Historically, 65% of months were positive and 35% were negative. The best month was Apr 1980 with a return of +12.0%, while the worst month was Sep 1984 at -11.6%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 5 months.

On a daily basis, COLTX closed higher 36% of trading days. The best single day was Apr 30, 1980 with a return of +12.0%, while the worst single day was Sep 21, 1984 at -11.4%.

Columbia Tax-Exempt Fund has an annualized alpha of 5.16%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 02, 1980.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.25%) than losses (5.37%) - typical of diversified or defensive assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

COLTX has an expense ratio of 0.73%, placing it in the medium range.

COLTX ranks 71 for risk / return — better than 71% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Columbia Tax-Exempt Fund provided a 3.73% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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 18.07%, occurring on Oct 25, 2022. Recovery took 801 trading sessions.

The chart below shows the rolling one-month volatility.