Columbia Strategic Municipal Income Fund

C000126955 Fund Overview

Columbia Strategic Municipal Income 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: $1.57B
• 1-year return: 8.8%
• SEC CIK: 0001352280
• SEC series ID: S000031369
• Share class ID: C000126955

C000126955 Investment Objective and Strategy

Columbia Strategic Municipal Income 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 Strategic Municipal Income Fund (the Fund) seeks total return, with a focus on income exempt from federal income tax and capital appreciation.

Principal investment strategy

Under normal market conditions, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in bonds and other debt obligations issued by or on behalf of state or local governmental units whose interest is exempt from federal income tax. The Fund may invest broadly in municipal bond obligations of any duration, maturity and credit quality, including below investment grade (junk) bonds. The Fund may invest up to 20% of its net assets in securities, the income on which is subject to federal income tax and may invest without limit in debt instruments the income on which is subject to the federal alternative minimum tax. The Fund may also invest in securities of other qualified issuers, including issuers located in U.S. territories, commonwealths and possessions, such as Guam, Puerto Rico and the U.S.

Virgin Islands. The Fund may from time to time emphasize one or more sectors in selecting its investments, including the health care sector and the transportation sector. The Fund may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity. A bond is issued with a specific maturity date, which is the date when the issuer must pay back the bonds principal (face value). Bond maturities range from less than 1 year to more than 30 years. Typically, the longer a bonds maturity, the more price risk the Fund and the Funds investors face as interest rates rise, but the Fund could receive a higher yield in return for that longer maturity and higher interest rate risk. The Fund may invest in securities of other open-end or closed-end investment companies, including exchange-traded funds and municipal bond money market funds, that invest primarily in the types of debt instruments in which the Fund may invest directly.

Given the flexible investment approach of the Fund, its maturity, duration, credit quality and sector allocations may fluctuate in order to achieve its investment objective. The Fund may invest in derivatives, including futures (including interest rate futures and other bond futures) for purposes of yield curve exposure and for hedging purposes, and inverse floaters, for the purpose of enhancing income.

C000126955 Holdings

Top 10 holdings of Columbia Strategic Municipal Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000126955 holdings

C000126955 Portfolio Allocation

Asset-class allocation of Columbia Strategic Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000126955 Performance

Total returns for C000126955 (as of 2026-10-01), from SEC filings.

C000126955 Risk Information

Risk metrics for C000126955, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 5.2%

C000126955 Costs and Fees

C000126955 costs about $50 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.50%
• Gross expense ratio: 0.55%
• Portfolio turnover: 19%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000126955 Cashflows

Over the 12 months to 2026-07, Columbia Strategic Municipal Income Fund had net outflows of $118.68M, from monthly SEC N-PORT filings.

C000126955 Debt Constituents

Largest debt holdings of Columbia Strategic Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000126955 Prospectus and SEC Filings

Official Columbia Strategic Municipal Income 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 2023-10-13

Related Funds

Other Long Municipal - National Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Tax-Exempt Fund (VWITX)
• iShares National Muni Bond ETF (MUB)
• Vanguard Limited-Term Tax-Exempt Fund (VMLTX)
• Tax Exempt Bond Fund Of America (AFTEX)
• Bridge Builder Municipal Bond Fund (BBMUX)

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.