Columbia Minnesota Tax-Exempt Fund (IMNTX)
Under normal market circumstances, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in municipal obligations that are generally exempt from U.S. federal income tax as well as from Minnesota State and local income tax. It may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity. The fund is non-diversified.
Fund Info
US19763T1869
19763T186
Aug 17, 1986
$2,000
Expense Ratio
IMNTX features an expense ratio of 0.77%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Columbia Minnesota 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 Minnesota Tax-Exempt Fund had a return of 0.62% year-to-date (YTD) and 3.58% in the last 12 months. Over the past 10 years, Columbia Minnesota Tax-Exempt Fund had an annualized return of 1.68%, while the S&P 500 had an annualized return of 11.26%, indicating that Columbia Minnesota Tax-Exempt Fund did not perform as well as the benchmark.
IMNTX
0.62%
1.09%
0.66%
3.58%
-0.14%
1.68%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of IMNTX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.36% | 0.62% | |||||||||||
| 2024 | -0.04% | 0.21% | 0.02% | -1.52% | -0.04% | 2.62% | 0.87% | 0.82% | 1.41% | -1.73% | 2.00% | -1.84% | 2.70% |
| 2023 | 3.46% | -2.95% | 1.91% | -0.22% | -0.93% | 0.61% | 0.12% | -1.66% | -3.75% | -1.97% | 7.81% | 3.04% | 5.04% |
| 2022 | -2.62% | -0.71% | -3.58% | -3.52% | 1.41% | -3.16% | 3.39% | -3.07% | -5.31% | -1.04% | 5.78% | 0.05% | -12.23% |
| 2021 | 0.40% | -1.46% | 0.49% | 0.88% | 0.53% | 0.34% | 0.79% | -0.36% | -0.90% | -0.18% | 1.02% | -0.05% | 1.48% |
| 2020 | 1.81% | 1.59% | -4.67% | -2.73% | 3.79% | 1.29% | 1.82% | 0.25% | 0.10% | -0.29% | 1.53% | 0.63% | 4.97% |
| 2019 | 0.45% | 0.60% | 1.73% | 0.24% | 1.52% | 0.42% | 0.60% | 1.86% | -0.67% | 0.05% | 0.04% | 0.20% | 7.23% |
| 2018 | -1.22% | -0.33% | 0.45% | -0.50% | 1.01% | 0.06% | 0.07% | 0.26% | -0.67% | -0.85% | 0.84% | 1.23% | 0.32% |
| 2017 | 0.45% | 0.61% | 0.26% | 0.63% | 1.55% | -0.33% | 0.60% | 0.80% | -0.31% | 0.07% | -0.67% | 1.18% | 4.92% |
| 2016 | 1.01% | -0.09% | 0.47% | 0.80% | 0.29% | 1.67% | -0.26% | 0.26% | -0.47% | -0.80% | -3.69% | 0.82% | -0.10% |
| 2015 | 1.55% | -0.80% | 0.29% | -0.43% | -0.25% | 0.11% | 0.67% | 0.31% | 0.47% | 0.29% | 0.45% | 0.83% | 3.53% |
| 2014 | 2.03% | 1.05% | 0.32% | 1.24% | 1.41% | 0.13% | 0.13% | 1.22% | 0.29% | 0.67% | 0.11% | 0.65% | 9.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of IMNTX is 40, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Columbia Minnesota Tax-Exempt Fund (IMNTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Columbia Minnesota Tax-Exempt Fund provided a 3.15% dividend yield over the last twelve months, with an annual payout of $0.62 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.62 | $0.62 | $0.59 | $0.53 | $0.46 | $0.66 | $0.61 | $0.66 | $0.65 | $0.71 | $0.77 | $0.80 |
Dividend yield | 3.15% | 3.17% | 2.98% | 2.73% | 2.05% | 2.88% | 2.73% | 3.09% | 2.95% | 3.30% | 3.45% | 3.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Columbia Minnesota 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2023 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2022 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.53 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2020 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.18 | $0.04 | $0.05 | $0.04 | $0.04 | $0.66 |
| 2019 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.61 |
| 2018 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.66 |
| 2017 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.65 |
| 2016 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.71 |
| 2015 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.77 |
| 2014 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.80 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Columbia Minnesota 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 Minnesota Tax-Exempt Fund was 18.07%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Columbia Minnesota Tax-Exempt Fund drawdown is 5.19%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.07% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -13.54% | Mar 10, 2020 | 9 | Mar 20, 2020 | 169 | Nov 18, 2020 | 178 |
| -11.37% | Jan 24, 2008 | 186 | Oct 17, 2008 | 124 | Apr 17, 2009 | 310 |
| -10.58% | Feb 1, 1994 | 210 | Nov 21, 1994 | 70 | Feb 27, 1995 | 280 |
| -8.03% | Oct 1, 2010 | 74 | Jan 14, 2011 | 122 | Jul 12, 2011 | 196 |
Volatility
Volatility Chart
The current Columbia Minnesota Tax-Exempt Fund volatility is 1.19%, 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.