CADNX Fees and Costs — Columbia Strategic Municipal Income Fund, Institutional 2 Class
Data updated: 2026-09-28
The net expense ratio is 0.48%: a 0.46% management fee plus 0.09% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 19%.
CADNX Fees and Expenses
Annual operating expenses and sales charges of CADNX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.55% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.48% |
| 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 |
CADNX Costs Over Time
On $10,000 invested in CADNX, assuming 5% a year before costs, total costs come to $303 over 5 years, cutting the return by 0.50% 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 0.48%) | $50 | $158 | $276 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $50 | $166 | $303 |
| Value after costs | $10,450 | $11,410 | $12,459 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
CADNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
CADNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan | $268.5M | 26.45% |
| Wells Fargo | $148.6M | 14.64% |
| Piper Sandler & Co. | $125.6M | 12.37% |
| RBC Capital Markets | $111.1M | 10.95% |
| Morgan Stanley | $90.8M | 8.95% |
| Goldman Sachs | $77.0M | 7.58% |
| Barclays | $53.0M | 5.22% |
| Bank of America NA | $51.0M | 5.03% |
| Stifel Nicolaus | $47.9M | 4.72% |
| Jefferies LLC | $41.5M | 4.09% |
Columbia Strategic Municipal Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CATYX | Institutional 3 Class | 0.44% | none |
| CADNX | Institutional 2 Class | 0.48% | none |
| CATSX | Class S | 0.50% | none |
| CATZX | Institutional Class | 0.50% | none |
| INTAX | Class A | 0.75% | 3.00% |
| RTCEX | Class C | 1.50% | 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.