C000231689 Fees and Costs — Columbia Ultra Short Duration Municipal Bond Fund, Advisor Class
Data updated: 2026-09-30
The net expense ratio is 0.32%: a 0.21% management fee plus 0.12% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 38%.
C000231689 Fees and Expenses
Annual operating expenses and sales charges of C000231689. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.21% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.34% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.32% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000231689 Costs Over Time
On $10,000 invested in C000231689, assuming 5% a year before costs, total costs come to $203 over 5 years, cutting the return by 0.34% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.32%) | $34 | $106 | $184 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $34 | $111 | $203 |
| Value after costs | $10,466 | $11,465 | $12,560 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
C000231689 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $71.9M
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
C000231689 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan | $26.4M | 45.54% |
| Bank of America NA | $8.9M | 15.29% |
| Wells Fargo | $3.7M | 6.35% |
| Siebert Williams Shank & Co LLC | $3.6M | 6.24% |
| Goldman Sachs | $3.5M | 6.10% |
| Raymond James & Associates Inc | $3.1M | 5.39% |
| RBC Capital Markets | $2.7M | 4.59% |
| Stifel Nicolaus | $2.0M | 3.52% |
| Huntington Securities, Inc. | $2.0M | 3.50% |
| Jefferies LLC | $2.0M | 3.49% |
Columbia Ultra Short Duration Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000231689 | Advisor Class | 0.32% | none |
| USMEX | Institutional Class | 0.34% | none |
| USMBX | Class A | 0.49% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.