Columbia High Yield Municipal Fund
Data updated: 2026-09-24
C000126463 — Columbia High Yield Municipal Fund. Long Corporate Bond · $458.60M AUM · 0.62% expense ratio. Holdings, fees, performance and SEC filings.
C000126463 Fund Overview
Columbia High Yield Municipal Fund is a US mutual fund managed by Columbia Funds Series Trust I, categorised as Long Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Columbia Funds Series Trust I
- Category: Long Corporate Bond
- Assets under management: $458.60M
- 1-year return: 12.8%
- SEC CIK: 0000773757
- SEC series ID: S000010615
- Share class ID: C000126463
C000126463 Investment Objective and Strategy
Columbia High Yield Municipal Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Columbia Funds Series Trust I.
Investment objective
Columbia High Yield Municipal Fund (the Fund) seeks total return, consisting of current income exempt from federal income tax and capital appreciation.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in high yield securities. These securities generally include medium grade or below investment grade debt securities or unrated debt securities determined to be of comparable quality, but also may include other securities believed to have the potential for relatively high yield. Below investment grade securities are commonly referred to as junk bonds. The Fund may invest in bonds of any maturity. The Funds investments may include industrial development bonds or participation interests in those bonds. As a fundamental policy, the Fund will invest its assets so that at least 80% of the Funds gross income will be exempt from federal income tax (but not necessarily the federal alternative minimum tax).
Such securities are issued by or on behalf of states and their political subdivisions, agencies, authorities and instrumentalities and by other qualified issuers. Qualified issuers include issuers located in U.S. territories, commonwealths and possessions, such as Guam, Puerto Rico and the U.S. Virgin Islands. The Fund may invest up to 20% of its total assets in high quality taxable money market instruments.
C000126463 Holdings
Top 10 holdings of Columbia High Yield Municipal Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 3.00% |
| Buckeye Tobacco Settlement Financing Authority | 1.79% |
| City of Chesapeake VA Chesapeake Expressway Toll Road Revenue | 1.46% |
| M-S-R Energy Authority | 1.34% |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority | 1.31% |
| New Hampshire Business Finance Authority | 1.29% |
| County of Miami-Dade FL | 1.17% |
| BlackRock Liquidity Funds MuniCash | 1.12% |
| Colorado Bridge And Tunnel Enterprise | 1.11% |
| Ohio Housing Finance Agency | 1.06% |
C000126463 Portfolio Allocation
Asset-class allocation of Columbia High Yield Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.1% |
| Equity | 1.1% |
C000126463 Performance
Total returns for C000126463 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.8% |
| 3 years (annualised) | -1.1% |
| 5 years (annualised) | 1.3% |
C000126463 Risk Information
Risk metrics for C000126463, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.7%
C000126463 Costs and Fees
C000126463 costs about $62 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.62%
- Gross expense ratio: 0.68%
- Portfolio turnover: 16%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000126463 Cashflows
Over the 12 months to 2026-05, Columbia High Yield Municipal Fund had net outflows of $13.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $1.33M |
| 2026-04 | −$5.52M |
| 2026-03 | −$2.71M |
| 2026-02 | $2.40M |
| 2026-01 | $4.03M |
| 2025-12 | −$3.99M |
C000126463 Debt Constituents
Largest debt holdings of Columbia High Yield Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 3.00% |
| Buckeye Tobacco Settlement Financing Authority | 1.79% |
| City of Chesapeake VA Chesapeake Expressway Toll Road Revenue | 1.46% |
| M-S-R Energy Authority | 1.34% |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority | 1.31% |
| New Hampshire Business Finance Authority | 1.29% |
| County of Miami-Dade FL | 1.17% |
| Colorado Bridge And Tunnel Enterprise | 1.11% |
| Ohio Housing Finance Agency | 1.06% |
| Chicago Board of Education | 1.03% |
C000126463 Prospectus and SEC Filings
Official Columbia High Yield Municipal Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-09-24
- Prospectus (485BPOS) — filed 2025-09-24
- Prospectus (485BPOS) — filed 2024-09-24
- Portfolio holdings (N-PORT) — filed 2026-07-29
- Portfolio holdings (N-PORT) — filed 2026-04-27
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2026-08-10
- Annual census (N-CEN) — filed 2025-08-11
Related Funds
Other Long Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.