09/28/2021 | Press release | Distributed by Public on 09/28/2021 11:20
Class | Ticker Symbol | |
A | LHIAX | |
Advisor (Class Adv) | CHIYX | |
C | CHMCX | |
Institutional (Class Inst) | SRHMX | |
Institutional 2 (Class Inst2) | CHMYX | |
Institutional 3 (Class Inst3) | CHHYX |
Shareholder Fees (fees paid directly from your investment) | ||||
Class A | Class C |
Classes Adv, Inst, Inst2 and Inst3 |
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Maximum sales charge (load) imposed on purchases (as a % of offering price) | 3.00% | None | None | |
Maximum deferred sales charge (load) imposed on redemptions (as a % of the lower of the original purchase price or current net asset value) | 0.75% (a) | 1.00% (b) | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||
Class A | Class Adv | Class C | Class Inst | Class Inst2 | Class Inst3 | |
Management fees | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
Distribution and/or service (12b-1) fees | 0.20% | 0.00% | 0.80% | 0.00% | 0.00% | 0.00% |
Other expenses | 0.13% | 0.13% | 0.13% | 0.13% | 0.09% | 0.04% |
Acquired fund fees and expenses | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
Total annual Fund operating expenses(c) | 0.88% | 0.68% | 1.48% | 0.68% | 0.64% | 0.59% |
Less: Fee waivers and/or expense reimbursements(d) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | 0.00% | 0.00% |
Total annual Fund operating expenses after fee waivers and/or expense reimbursements | 0.87% | 0.67% | 1.47% | 0.67% | 0.64% | 0.59% |
(a) | This charge is imposed on certain investments of $500,000 or more redeemed within 12 months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(c) | "Total annual Fund operating expenses" include acquired fund fees and expenses (expenses the Fund incurs indirectly through its investments in other investment companies) and may be higher than the ratio of expenses to average net assets shown in the Financial Highlights section of this prospectus because the ratio of expenses to average net assets does not include acquired fund fees and expenses. |
(d) | Columbia Management Investment Advisers, LLC and certain of its affiliates have contractually agreed to waive fees and/or to reimburse expenses (excluding transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and infrequent and/or unusual expenses) through September 30, 2022, unless sooner terminated at the sole discretion of the Fund's Board of Trustees (the Board). Under this agreement, the Fund's net operating expenses, subject to applicable exclusions, will not exceed the annual rates of 0.85% for Class A, 0.65% for Class Adv, 1.45% for Class C, 0.65% for Class Inst, 0.62% for Class Inst2 and 0.57% for Class Inst3. |
■ | you invest $10,000 in the applicable class of Fund shares for the periods indicated, |
■ | your investment has a 5% return each year, and |
■ | the Fund's total annual operating expenses remain the same as shown in the Annual Fund Operating Expenses table above. |
1 | Columbia High Yield Municipal Fund |
1 year | 3 years | 5 years | 10 years | |
Class A (whether or not shares are redeemed) | $386 | $571 | $772 | $1,351 |
Class Adv (whether or not shares are redeemed) | $ 68 | $217 | $378 | $ 846 |
Class C (assuming redemption of all shares at the end of the period) | $250 | $467 | $807 | $1,605 |
Class C (assuming no redemption of shares) | $150 | $467 | $807 | $1,605 |
Class Inst (whether or not shares are redeemed) | $ 68 | $217 | $378 | $ 846 |
Class Inst2 (whether or not shares are redeemed) | $ 65 | $205 | $357 | $ 798 |
Class Inst3 (whether or not shares are redeemed) | $ 60 | $189 | $329 | $ 738 |
Columbia High Yield Municipal Fund | 2 |
3 | Columbia High Yield Municipal Fund |
Columbia High Yield Municipal Fund | 4 |
5 | Columbia High Yield Municipal Fund |
Year by Year Total Return (%) as of December 31 Each Year* |
Best and Worst Quarterly Returns During the Period Shown in the Bar Chart |
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|
Best | 1st Quarter 2014 | 5.36% |
Worst | 1st Quarter 2020 | -5.72% |
* | Year to Date return as of June 30, 2021: 5.10% |
Columbia High Yield Municipal Fund | 6 |
Share Class Inception Date |
1 Year | 5 Years | 10 Years | |
Class A | 07/31/2000 | |||
returns before taxes | 0.47% | 3.63% | 5.53% | |
returns after taxes on distributions | 0.47% | 3.63% | 5.53% | |
returns after taxes on distributions and sale of Fund shares | 1.74% | 3.74% | 5.35% | |
Class Adv returns before taxes | 03/19/2013 | 3.74% | 4.44% | 6.06% |
Class C returns before taxes | 07/15/2002 | 1.89% | 3.58% | 5.18% |
Class Inst returns before taxes | 03/05/1984 | 3.74% | 4.46% | 6.06% |
Class Inst2 returns before taxes | 11/08/2012 | 3.69% | 4.50% | 6.12% |
Class Inst3 returns before taxes | 03/01/2017 | 3.83% | 4.55% | 6.10% |
Blended Benchmark (60% Bloomberg High Yield Municipal Bond Index, 40% Bloomberg Municipal Bond Index) (reflects no deductions for fees, expenses or taxes) | 5.12% | 5.52% | 5.98% | |
Bloomberg High Yield Municipal Bond Index (reflects no deductions for fees, expenses or taxes) | 4.89% | 6.56% | 6.86% |
Portfolio Manager | Title | Role with Fund | Managed Fund Since | |||
Douglas J. White, CFA | Senior Portfolio Manager | Lead Portfolio Manager | 2018 | |||
Catherine Stienstra | Senior Portfolio Manager and Head of Municipal Bond Investments | Portfolio Manager | 2016 |
Online | Regular Mail | Express Mail | By Telephone | |||
columbiathreadneedleus.com/investor/ |
Columbia Management Investment Services Corp. P.O. Box 219104 Kansas City, MO 64121-9104 |
Columbia Management Investment Services Corp. c/o DST Asset Manager Solutions, Inc. 430 W 7th Street, Suite 219104 Kansas City, MO 64105-1407 |
800.422.3737 |
Class | Category of eligible account |
For accounts other than systematic investment plan accounts |
For systematic investment plan accounts |
Classes A & C | All accounts other than IRAs | $2,000 | $100 |
IRAs | $1,000 | $100 | |
Classes Adv & Inst | All eligible accounts |
$0, $1,000 or $2,000 depending upon the category of eligible investor |
$100 |
Class Inst2 | All eligible accounts | None | N/A |
Class Inst3 | All eligible accounts |
$0, $1,000, $2,000 or $1 million depending upon the category of eligible investor |
$100 (for certain eligible investors) |
7 | Columbia High Yield Municipal Fund |
Columbia High Yield Municipal Fund | 8 |
columbiathreadneedleus.com | SUM161_05_L01_(10/21) |