The investment seeks total return, consisting of current income exempt from federal income tax and Connecticut individual income tax and of capital appreciation, consistent with moderate fluctuation of principal. The fund normally invests at least 80% of net assets in municipal bonds that pay interest exempt from federal income tax (including the federal alternative minimum tax) and Connecticut individual income tax. It primarily invests in municipal securities that are rated investment grade but also may invest up to 25% of total assets in securities that are rated below investment grade. It may invest in bonds of any maturity. The fund is non-diversified.
Fund filings (PDF) »

Asset manager:
Catherine Stienstra (Started: Oct 1, 2010)

Advisor Company:
Columbia Management Investment Adv LLC
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	-1.40	-1.63	-1.50	-1.58
Beta*	1.22	1.23	1.16	1.17
Mean annual return	0.41	0.49	0.45	0.33
R-squared*	99.56	97.97	97.88	98.31
Standard deviation	3.51	4.68	5.54	5.35
Sharpe ratio	1.37	1.24	0.93	0.42
* Against standard index

Risk measurement details »

Security	Net Assets
Connecticut St Health & Edl Fa Rev Bd 5%	3.11%
Connecticut St Health & Edl Fa Rev 5.25%	2.94%
Connecticut St Ctfs Partn Rev Bd 4.75%	2.84%
Connecticut St Dev Auth 5.5%	2.78%
Connecticut St Spl Tax Obl R Spec 5.25%	2.73%
Connecticut St Health & Edl Fa Rev 5.5%	2.69%
Guam Govt Ltd Obl Rev Rev Bds 5.75%	2.68%
Connecticut St Health & Edl Fa Rev Bd 5%	2.38%
Connecticut St Health & Edl Fa Rev Bd 5%	2.26%
New Haven Conn Solid Waste & R Sl 5.375%	2.26%

Holdings Performance »