Columbia Strategic Municipal Income A Fund (INTAX - Free Report) a Zacks Rank #2 (Buy) was incepted in November 1976. The objective of INTAX is to seek return through tax-free income. INTAX invests the majority of its assets in various debt instruments including bonds issued by local or state government units. INTAX may invest nearly one-fifth of its assets in debt securities whose income is subjected to federal income tax.
The Columbia Strategic Municipal Income A fund, managed by Columbia, carries an expense ratio of 0.80%. Moreover, INTAX requires a minimal initial investment of $2,000.
INTAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 6.2% and 5 year 5.6%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
INTAX’s performance, as of the last filing, when compared to funds in its category was in the top 27% over the past 1 year, in the top 20% over the past 3 years, and in the 17% over the past 5 years.
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