SEMAX Performance — Columbia Massachusetts Intermediate Municipal Bond Fund, Institutional Class
Data updated: 2026-09-28
SEMAX returned +0.10% year to date and +3.73% over one year to Jul 2026. Annualised returns are +2.88% over 3 years and +0.39% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $109, against $109 for the category, and to $104 over one year, against $105. Volatility over the past three years was 3.82% a year. In the 12 months to Jul 2026 the fund lost a net $4.7M, and assets reached $65.31M.
SEMAX Growth of $100
What $100 invested in Columbia Massachusetts Intermediate Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | SEMAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $104 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $109 | $109 |
| 5 years (Aug 2021 – Jul 2026) | $102 | $102 |
| Since data start (Aug 2019 – Jul 2026) | $108 | $109 |
SEMAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.10% |
| 1 year | +3.73% |
| 3 years (annualised) | +2.88% |
| 5 years (annualised) | +0.39% |
SEMAX Annual Returns
Calendar-year total returns of Columbia Massachusetts Intermediate Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.10% |
| 2025 | +4.26% |
| 2024 | +1.65% |
| 2023 | +4.49% |
| 2022 | −7.59% |
| 2021 | +0.99% |
| 2020 | +3.58% |
| 2019 (Aug–Dec) | +1.17% |
SEMAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.9% | +0.9% | −1.8% | +0.9% | +0.1% | +0.7% | −1.5% | — | — | — | — | — |
| 2025 | +0.4% | +0.9% | −1.3% | −0.4% | +0.1% | +0.9% | 0.0% | +0.7% | +1.4% | +0.9% | +0.4% | +0.2% |
| 2024 | −0.1% | +0.1% | +0.2% | −0.8% | −0.3% | +1.4% | +0.7% | +0.7% | +0.6% | −1.1% | +0.9% | −0.8% |
| 2023 | +2.1% | −1.5% | +1.4% | −0.1% | −0.7% | +0.5% | +0.1% | −0.5% | −1.8% | −0.7% | +3.9% | +1.8% |
| 2022 | −2.4% | −0.4% | −2.7% | −2.6% | +0.9% | −1.2% | +2.4% | −1.6% | −3.2% | −0.3% | +3.4% | +0.2% |
| 2021 | +0.5% | −1.4% | +0.5% | +0.7% | +0.3% | +0.3% | +0.7% | −0.3% | −0.8% | −0.2% | +0.7% | +0.1% |
| 2020 | +1.5% | +1.1% | −3.4% | −1.5% | +2.4% | +0.8% | +1.5% | −0.4% | +0.1% | −0.2% | +1.1% | +0.5% |
| 2019 | — | — | — | — | — | — | — | +1.3% | −0.6% | +0.1% | 0.0% | +0.3% |
SEMAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 3.82%
- 3-year Sharpe ratio: -0.42 (vs 4.5% risk-free rate)
- Best month: +3.92% (Nov 2023)
- Worst month: −1.78% (Sep 2023)
SEMAX Fund Flows
Monthly money in and out of Columbia Massachusetts Intermediate Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$4.7M
- 12-month gross sales (incl. reinvestments): $13.7M
- Sales ÷ redemptions: 0.75×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $243K | $790K | −$547K |
| Jun 2026 | $531K | $857K | −$326K |
| May 2026 | $751K | $831K | −$79K |
| Apr 2026 | $859K | $1.4M | −$547K |
| Mar 2026 | $659K | $1.9M | −$1.2M |
| Feb 2026 | $847K | $775K | $72K |
| Jan 2026 | $1.2M | $1.1M | $122K |
| Dec 2025 | $6.1M | $3.7M | $2.4M |
| Nov 2025 | $315K | $865K | −$550K |
| Oct 2025 | $407K | $811K | −$404K |
| Sep 2025 | $1.3M | $4.4M | −$3.0M |
| Aug 2025 | $378K | $897K | −$519K |
SEMAX Assets Under Management
Net assets of Columbia Massachusetts Intermediate Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $65.31M |
| 2026-04-30 | $67.19M |
| 2026-01-31 | $69.40M |
| 2025-10-31 | $66.90M |
| 2025-07-31 | $69.31M |
| 2025-04-30 | $71.91M |
| 2025-01-31 | $74.07M |
| 2024-10-31 | $83.46M |
| 2024-07-31 | $88.22M |
| 2024-04-30 | $89.93M |
| 2024-01-31 | $94.77M |
| 2023-10-31 | $108.05M |
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.