Columbia Tax-Exempt Fund
Data updated: 2026-09-28
C000126464 — Columbia Tax-Exempt Fund. Long Municipal - National Bond · $1.61B AUM · 0.54% expense ratio. Holdings, fees, performance and SEC filings.
C000126464 Fund Overview
Columbia Tax-Exempt Fund is a US mutual fund managed by Columbia Funds Series Trust I, categorised as Long Municipal - National 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 Municipal - National Bond
- Assets under management: $1.61B
- 1-year return: 7.4%
- SEC CIK: 0000773757
- SEC series ID: S000010620
- Share class ID: C000126464
C000126464 Investment Objective and Strategy
Columbia Tax-Exempt 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 Tax-Exempt Fund (the Fund) seeks total return, consisting of current income exempt from federal income tax and of capital appreciation, consistent with moderate fluctuation of principal.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its total net assets (including the amount of any borrowings for investment purposes) in bonds that pay interest exempt from federal income tax (including the federal alternative minimum tax). These securities are issued by 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 net assets in securities the interest on which is subject to federal income tax. The Fund may invest in fixed or variable-rate debt securities. The Fund may invest in bonds of any maturity. Under normal circumstances, the Fund invests at least 65% of its total assets in tax-exempt bonds that, at the time of purchase, are rated investment grade or are unrated but determined to be of comparable quality.
The Fund may invest up to 35% of its total assets in bonds (not including pre-refunded bonds) that, at the time of purchase, are rated below investment grade (commonly referred to as high yield investments or junk bonds) but will invest no more than 25% of its total assets in bonds that, at the time of purchase, are unrated but determined to be of comparable quality to below investment grade bonds. The Fund may from time to time emphasize one or more sectors in selecting its investments, including the health care sector. The Fund may invest in derivatives, including futures (including index futures and other bond futures) and inverse floaters, for purposes of enhancing income and managing portfolio duration.
C000126464 Holdings
Top 10 holdings of Columbia Tax-Exempt Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Pennsylvania Economic Development Financing Authority | 1.40% |
| State of Illinois | 1.22% |
| Main Street Natural Gas Inc | 1.17% |
| Nebraska Educational Health Cultural & Social Services Finance Authority | 1.10% |
| New Jersey Economic Development Authority | 1.02% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 1.00% |
| Texas Private Activity Bond Surface Transportation Corp | 0.99% |
| South Carolina Public Service Authority | 0.98% |
| Columbus Regional Airport Authority | 0.97% |
| Metropolitan Water Reclamation District of Greater Chicago | 0.92% |
C000126464 Portfolio Allocation
Asset-class allocation of Columbia Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.8% |
C000126464 Performance
Total returns for C000126464 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 7.4% |
| 3 years (annualised) | -0.5% |
| 5 years (annualised) | 1.0% |
C000126464 Risk Information
Risk metrics for C000126464, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.6%
C000126464 Costs and Fees
C000126464 costs about $54 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.54%
- Gross expense ratio: 0.54%
- Portfolio turnover: 19%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000126464 Cashflows
Over the 12 months to 2026-07, Columbia Tax-Exempt Fund had net outflows of $192.74M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$8.53M |
| 2026-06 | −$14.78M |
| 2026-05 | −$10.89M |
| 2026-04 | −$8.00M |
| 2026-03 | −$9.50M |
| 2026-02 | −$10.50M |
C000126464 Debt Constituents
Largest debt holdings of Columbia Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Pennsylvania Economic Development Financing Authority | 1.40% |
| State of Illinois | 1.22% |
| Main Street Natural Gas Inc | 1.17% |
| Nebraska Educational Health Cultural & Social Services Finance Authority | 1.10% |
| New Jersey Economic Development Authority | 1.02% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 1.00% |
| Texas Private Activity Bond Surface Transportation Corp | 0.99% |
| South Carolina Public Service Authority | 0.98% |
| Columbus Regional Airport Authority | 0.97% |
| Metropolitan Water Reclamation District of Greater Chicago | 0.92% |
C000126464 Prospectus and SEC Filings
Official Columbia Tax-Exempt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-11-24
- Prospectus (485BPOS) — filed 2024-11-25
- Prospectus (485BPOS) — filed 2024-06-27
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2025-10-10
- Annual census (N-CEN) — filed 2024-10-11
Related Funds
Other Long Municipal - National 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.