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Columbia Minnesota Tax-Exempt Fund (IMNTX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Columbia Minnesota Tax-Exempt Fund (IMNTX)

Mutual Fund · Currency in USD · Last updated May 31, 2025

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

ISIN

US19763T1869

CUSIP

19763T186

Issuer

Columbia Threadneedle

Inception Date

Aug 17, 1986

Category

Municipal Bonds

Min. Investment

$2,000

Asset Class

Bond

Expense Ratio

IMNTX has an expense ratio of 0.77%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Columbia Minnesota Tax-Exempt Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Columbia Minnesota Tax-Exempt Fund (IMNTX) returned -2.67% year-to-date (YTD) and 1.74% over the past 12 months. Over the past 10 years, IMNTX returned 1.41% annually, underperforming the S&P 500 benchmark at 10.85%.

IMNTX

YTD

-2.67%

1M

-0.89%

6M

-4.46%

1Y

1.74%

3Y*

0.34%

5Y*

-0.27%

10Y*

1.41%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.36%1.31%-2.46%-0.97%-0.89%-2.67%
2024-0.04%0.20%0.02%-1.52%-0.04%2.62%0.87%0.82%1.41%-1.73%2.00%-1.84%2.70%
20233.46%-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%3.38%-3.07%-5.31%-1.04%5.78%0.05%-12.23%
20210.40%-1.46%0.49%0.88%0.53%0.34%0.79%-0.36%-0.90%-0.18%1.02%-0.05%1.48%
20201.81%1.59%-4.67%-2.73%3.79%1.29%1.82%0.25%0.10%-0.29%1.53%0.69%5.03%
20190.45%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%0.08%0.26%-0.67%-0.85%0.84%1.23%0.32%
20170.45%0.61%0.26%0.63%1.54%-0.33%0.60%0.80%-0.31%0.07%-0.23%1.18%5.39%
20161.01%-0.09%0.47%0.80%0.28%1.67%-0.26%0.26%-0.47%-0.80%-3.66%0.82%-0.06%
20151.55%-0.80%0.29%-0.43%-0.25%0.11%0.67%0.31%0.47%0.29%0.45%0.83%3.53%
20142.03%1.05%0.32%1.24%1.41%0.13%0.13%1.22%0.29%0.67%0.11%0.65%9.62%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of IMNTX is 19, meaning it’s performing worse than 81% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of IMNTX is 1919
Overall Rank
The Sharpe Ratio Rank of IMNTX is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of IMNTX is 1717
Sortino Ratio Rank
The Omega Ratio Rank of IMNTX is 1919
Omega Ratio Rank
The Calmar Ratio Rank of IMNTX is 1818
Calmar Ratio Rank
The Martin Ratio Rank of IMNTX is 2020
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Columbia Minnesota Tax-Exempt Fund Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 0.24
  • 5-Year: -0.06
  • 10-Year: 0.29
  • All Time: 1.10

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Columbia Minnesota Tax-Exempt Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Columbia Minnesota Tax-Exempt Fund provided a 3.26% dividend yield over the last twelve months, with an annual payout of $0.61 per share. The fund has been increasing its distributions for 3 consecutive years.

2.00%2.50%3.00%3.50%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.61$0.62$0.59$0.53$0.46$0.67$0.61$0.66$0.74$0.72$0.77$0.80

Dividend yield

3.26%3.17%2.98%2.73%2.05%2.95%2.73%3.09%3.39%3.34%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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.05$0.05$0.05$0.05$0.00$0.20
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$0.00$0.08$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$0.06$0.67
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$0.15$0.06$0.74
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$0.72
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.

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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 8.29%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-18.07%Aug 6, 2021308Oct 25, 2022———
-13.54%Mar 10, 20209Mar 20, 2020169Nov 18, 2020178
-11.37%Jan 24, 2008186Oct 17, 2008124Apr 17, 2009310
-10.58%Feb 1, 1994210Nov 21, 199470Feb 27, 1995280
-8.02%Oct 1, 201074Jan 14, 2011122Jul 12, 2011196
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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