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 has an expense ratio of 0.39%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
Columbia Short Term Municipal Bond Fund (NSMIX) returned 0.97% year-to-date (YTD) and 3.94% over the past 12 months. Over the past 10 years, NSMIX returned 1.34% annually, underperforming the S&P 500 benchmark at 10.85%.
NSMIX
0.97%
0.65%
0.86%
3.94%
2.47%
1.32%
1.34%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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% | 0.61% | -0.23% | -0.25% | 0.30% | 0.97% | |||||||
| 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% | 1.02% | 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% | -0.32% | -0.12% | 0.16% | 0.08% | 0.57% |
| 2020 | 0.62% | 0.42% | -1.76% | -0.25% | 1.09% | 0.41% | 0.61% | 0.11% | 0.11% | -0.09% | 0.49% | 0.20% | 1.96% |
| 2019 | 0.45% | 0.23% | 0.35% | 0.16% | 0.55% | 0.25% | 0.44% | 0.36% | -0.24% | 0.25% | 0.13% | 0.15% | 3.11% |
| 2018 | 0.14% | 0.01% | 0.02% | -0.16% | 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% | 0.37% | 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% | 0.68% |
| 2014 | 0.20% | 0.29% | -0.28% | 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 90, NSMIX is among the top 10% 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.
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Dividends
Dividend History
Columbia Short Term Municipal Bond Fund provided a 2.87% dividend yield over the last twelve months, with an annual payout of $0.29 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 | $0.29 | $0.28 | $0.22 | $0.14 | $0.10 | $0.15 | $0.19 | $0.17 | $0.14 | $0.11 | $0.10 | $0.11 |
Dividend yield | 2.87% | 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 | $0.02 | $0.03 | $0.03 | $0.00 | $0.10 | |||||||
| 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.
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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 0.44%.
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 |
| -1.97% | Apr 7, 2025 | 3 | Apr 9, 2025 | — | — | — |
| -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 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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