Columbia Minnesota Tax-Exempt Fund
Data updated: 2026-09-28
C000126954 — Columbia Minnesota Tax-Exempt Fund. Long Municipal - National Bond · $483.43M AUM. Holdings, fees, performance and SEC filings.
C000126954 Fund Overview
Columbia Minnesota Tax-Exempt Fund is a US mutual fund managed by Columbia Funds Series Trust II, 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 II
- Category: Long Municipal - National Bond
- Assets under management: $483.43M
- 1-year return: 6.9%
- SEC CIK: 0001352280
- SEC series ID: S000031366
- Share class ID: C000126954
C000126954 Investment Objective and Strategy
Columbia Minnesota Tax-Exempt Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Columbia Funds Series Trust II.
Investment objective
Columbia Minnesota Tax-Exempt Fund (the Fund) seeks to provide shareholders with a high level of income generally exempt from federal income tax as well as from Minnesota state and local tax.
Principal investment strategy
Under normal market circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in municipal obligations that are generally exempt from U.S. federal income tax as well as from Minnesota state and local income tax. These securities are issued by or on behalf of the State of Minnesota and its political subdivisions, agencies, authorities and instrumentalities, by other qualified issuers and by mutual funds that invest in such securities. 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 more than 25% of its total assets in a particular segment of the municipal securities market, including the health care sector.
The Fund may invest up to 20% of its net assets in securities that pay interest subject to taxation, including the federal alternative minimum tax. The Fund may invest up to 25% of its total assets in debt instruments that, at the time of purchase, are rated below investment grade or are unrated but determined to be of comparable quality (commonly referred to as high-yield investments or junk bonds). The Fund may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity. The Fund may invest in derivatives, such as futures (including interest rate futures), to manage duration and hedge against interest rate risk. The Fund is non-diversified, which means that it can invest a greater percentage of its assets in the securities of fewer issuers than can a diversified fund.
C000126954 Holdings
Top 10 holdings of Columbia Minnesota Tax-Exempt Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| City of Rochester MN | 2.74% |
| BlackRock Liquidity Funds MuniCash | 2.18% |
| Roseville Minn Indpt Sch Dist No 623 | 2.07% |
| City of Maple Grove MN | 2.05% |
| Brainerd Minn Indpt Sch Dist No 181 | 2.03% |
| Minnesota Higher Education Facilities Authority | 1.64% |
| Hennepin Cnty Minn | 1.63% |
| County of Chippewa MN | 1.49% |
| Stillwater Minn Indpt Sch Dist No 834 | 1.42% |
| State of Minnesota | 1.41% |
C000126954 Portfolio Allocation
Asset-class allocation of Columbia Minnesota Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.3% |
| Equity | 2.2% |
C000126954 Performance
Total returns for C000126954 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 6.9% |
| 3 years (annualised) | -1.3% |
| 5 years (annualised) | 0.5% |
C000126954 Risk Information
Risk metrics for C000126954, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.9%
C000126954 Costs and Fees
C000126954 costs about $55 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.55%
- Gross expense ratio: 0.55%
- Portfolio turnover: 13%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000126954 Cashflows
Over the 12 months to 2026-07, Columbia Minnesota Tax-Exempt Fund had net inflows of $8.79M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $1.77M |
| 2026-06 | $702.65K |
| 2026-05 | −$1.06M |
| 2026-04 | $2.04M |
| 2026-03 | $335.88K |
| 2026-02 | $4.05M |
C000126954 Debt Constituents
Largest debt holdings of Columbia Minnesota Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| City of Rochester MN | 2.74% |
| Roseville Minn Indpt Sch Dist No 623 | 2.07% |
| City of Maple Grove MN | 2.05% |
| Brainerd Minn Indpt Sch Dist No 181 | 2.03% |
| Minnesota Higher Education Facilities Authority | 1.64% |
| Hennepin Cnty Minn | 1.63% |
| County of Chippewa MN | 1.49% |
| Stillwater Minn Indpt Sch Dist No 834 | 1.42% |
| State of Minnesota | 1.41% |
| Mounds View Minn Indpt Sch Dist No 621 | 1.29% |
C000126954 Prospectus and SEC Filings
Official Columbia Minnesota 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 2023-11-21
- 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 2023-10-13
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.