LMIAX Fees and Costs — Columbia Massachusetts Intermediate Municipal Bond Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.81%: a 0.47% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses, less a 0.17% fee waiver. This share class carries a maximum front-end sales load of 3.00% and a deferred sales charge of up to 0.75%. Portfolio turnover was 13%.
LMIAX Fees and Expenses
Annual operating expenses and sales charges of LMIAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.81% |
| Sales charges | |
|---|---|
| Max front load | 3.00% |
| Max deferred load | 0.75% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
LMIAX Costs Over Time
On $10,000 invested in LMIAX, assuming 5% a year before costs, total costs come to $876 over 5 years, cutting the return by 1.48% 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 |
| Sales charges | $376 | $300 | $300 |
| Fund expenses (net expense ratio 0.81%) | $82 | $258 | $448 |
| Lost growth on money paid in costs | $15 | $60 | $128 |
| Total costs | $473 | $618 | $876 |
| Value after costs | $10,027 | $10,958 | $11,887 |
| Impact on return, per year | 4.73% | 1.90% | 1.48% |
LMIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $34.9M
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
LMIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo | $6.3M | 24.34% |
| Barclays | $4.0M | 15.48% |
| TD Securities Automated Trading LLC | $2.6M | 9.94% |
| Bank of America NA | $2.1M | 8.19% |
| BNY Capital Markets | $2.0M | 7.81% |
| JPMorgan | $2.0M | 7.74% |
| SumRidge Partners LLC | $2.0M | 7.62% |
| Morgan Stanley | $1.9M | 7.24% |
| Jefferies LLC | $1.6M | 6.31% |
| Stifel Nicolaus | $1.4M | 5.34% |
Columbia Massachusetts Intermediate 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 |
|---|---|---|---|
| CMMYX | Institutional 3 Class | 0.47% | none |
| SEMAX | Institutional Class | 0.56% | none |
| LMIAX | Class A | 0.81% | 3.00% |
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.