Columbia Short Term Municipal Bond Fund (NSMIX)
Under normal circumstances, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in securities that pay interest exempt from U.S. federal income tax (but not necessarily the federal alternative minimum tax). It generally invests in securities that, at the time of purchase, are rated investment grade or are unrated but determined to be of comparable quality. The fund’s portfolio duration normally ranges from one to four years.
Fund Info
US19765J3279
Oct 6, 1993
$2,000
Expense Ratio
NSMIX features an expense ratio of 0.39%, 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 Short Term Municipal Bond 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 Short Term Municipal Bond Fund had a return of 0.54% year-to-date (YTD) and 3.14% in the last 12 months. Over the past 10 years, Columbia Short Term Municipal Bond Fund had an annualized return of 1.27%, while the S&P 500 had an annualized return of 11.31%, indicating that Columbia Short Term Municipal Bond Fund did not perform as well as the benchmark.
NSMIX
0.54%
0.64%
1.18%
3.14%
1.13%
1.27%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of NSMIX, 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 | 0.54% | 0.54% | |||||||||||
| 2024 | 0.02% | 0.21% | -0.08% | -0.28% | -0.07% | 0.82% | 0.73% | 0.94% | 0.54% | -0.64% | 0.63% | -0.34% | 2.50% |
| 2023 | 1.36% | -1.24% | 1.38% | -0.33% | -0.31% | 0.49% | 0.29% | -0.10% | -1.01% | 0.01% | 2.23% | 1.01% | 3.80% |
| 2022 | -1.35% | -0.42% | -1.10% | -0.91% | 0.80% | -0.30% | 1.02% | -0.96% | -1.37% | -0.05% | 1.58% | 0.07% | -3.00% |
| 2021 | 0.29% | -0.48% | 0.18% | 0.28% | 0.18% | 0.09% | 0.27% | -0.03% | -0.31% | -0.12% | 0.16% | 0.08% | 0.58% |
| 2020 | 0.62% | 0.42% | -1.76% | -0.25% | 1.09% | 0.42% | 0.61% | 0.12% | 0.11% | -0.09% | 0.49% | 0.20% | 1.96% |
| 2019 | 0.45% | 0.23% | 0.35% | 0.15% | 0.55% | 0.25% | 0.44% | 0.36% | -0.24% | 0.25% | 0.13% | 0.14% | 3.11% |
| 2018 | 0.14% | 0.01% | 0.02% | -0.17% | 0.33% | 0.32% | 0.23% | 0.06% | -0.25% | 0.06% | 0.24% | 0.45% | 1.45% |
| 2017 | 0.51% | 0.40% | 0.02% | 0.20% | 0.30% | -0.10% | 0.39% | 0.30% | -0.17% | 0.03% | -0.46% | 0.13% | 1.54% |
| 2016 | 0.35% | 0.27% | -0.22% | 0.17% | -0.12% | 0.38% | 0.18% | -0.01% | -0.20% | -0.09% | -0.86% | 0.12% | -0.03% |
| 2015 | 0.47% | -0.21% | -0.01% | -0.01% | -0.20% | 0.18% | 0.18% | -0.01% | 0.17% | 0.16% | -0.12% | 0.07% | 0.67% |
| 2014 | 0.20% | 0.29% | -0.29% | 0.19% | 0.20% | -0.01% | 0.09% | 0.09% | -0.01% | 0.09% | -0.01% | -0.21% | 0.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 87, NSMIX is among the top 13% of 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Columbia Short Term Municipal Bond Fund (NSMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Columbia Short Term Municipal Bond Fund provided a 2.78% dividend yield over the last twelve months, with an annual payout of $0.28 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 | $0.28 | $0.28 | $0.22 | $0.14 | $0.10 | $0.15 | $0.19 | $0.17 | $0.14 | $0.11 | $0.10 | $0.11 |
Dividend yield | 2.78% | 2.76% | 2.21% | 1.37% | 0.96% | 1.45% | 1.80% | 1.63% | 1.34% | 1.04% | 0.96% | 1.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Columbia Short Term Municipal Bond 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 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.28 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.14 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2020 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2019 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.19 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
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 Short Term Municipal Bond 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 Short Term Municipal Bond Fund was 5.13%, occurring on Oct 25, 2022. Recovery took 286 trading sessions.
The current Columbia Short Term Municipal Bond Fund drawdown is 0.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.13% | Aug 5, 2021 | 309 | Oct 25, 2022 | 286 | Dec 14, 2023 | 595 |
| -4.56% | Mar 10, 2020 | 9 | Mar 20, 2020 | 96 | Aug 6, 2020 | 105 |
| -1.94% | Mar 15, 2004 | 43 | May 13, 2004 | 106 | Oct 14, 2004 | 149 |
| -1.77% | Sep 16, 2008 | 23 | Oct 16, 2008 | 16 | Nov 7, 2008 | 39 |
| -1.45% | Oct 7, 2002 | 12 | Oct 22, 2002 | 35 | Dec 11, 2002 | 47 |
Volatility
Volatility Chart
The current Columbia Short Term Municipal Bond Fund volatility is 0.52%, 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.