Columbia Short Term Muni Bond Z  NSMIX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni National Short Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
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   Avg Duration
   1.46 Yrs
   Avg Credit Quality
   AA
As of 2009-06-30
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 10.56
  
YTD Return % (2009-11-20)
4.19%
  
Total Assets ($ mil)
2,311
View Data Definitions
  Performance    
Growth of $10,000 Fund: Columbia Short Term Muni Bond Z
(from 1999-01-01 to 2009-10-31) Category: Muni National Short
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1993-10-07 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 4.19 4.76 4.29 3.44 3.63 3.83
+/- Category -0.61 -0.59 1.24 0.81 0.15 ---
+/- BarCap Municipal TR USD -7.95 -6.91 0.04 -0.92 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 3.84 5.76 4.30 3.38 3.67 3.86
Month-End (as of 2009-10-31) 3.69 5.23 4.15 3.31 3.63 3.83
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 5.23 4.15 3.31 3.63 ---
On Distribution & Sale of Shares --- 4.26 3.99 3.25 3.56 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 123 funds), (5 yrs : out of 117 funds), (10 yrs : out of 64 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 19.68
Advance Refunded 1.35
State Appropriated Tobacco ---
Non-state Appropriated Tobacco 4.92
Education 5.31
Health 8.96
Housing 2.89
Industrial 6.29
Transportation 11.19
Utilities 1.72
Water/Sewer 5.20
Misc. Revenue 32.50
Bond Quality % of Bonds
AAA 45.9
AA 39.5
A 13.3
BBB 1.3
BB 0.0
B 0.0
Below B 0.0
Not Rated 0.0
 
Asset Allocation
% of Net Assets
Cash 8.7
Stocks 0.0
Bonds 90.9
Other 0.5
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-06-30 Data through 2009-06-30
 
Holding Status
Total Number of Stock Holdings Turnover % 94
Total Number of Bond Holdings 220 30 Day SEC Yield % 1.12
% of Assets in Top 10 Holdings 16.35 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Columbia Tax Exempt Reserves Frn 01Jan50 2031-01-01 65,479 65,479 3.83
Garden St N J Preservation Tr Ctfs 2024-05-01 30,840 30,840 1.80
J P Morgan Chase Putters / Dri Ctfs 2032-05-15 25,000 25,000 1.46
New York St Twy Auth 2032-01-01 25,000 25,000 1.46
Fairfax Cnty Va Indl Dev Auth 2035-05-15 23,985 23,985 1.40
New York St Engy Resh & Dev Pollutn C 2014-10-01 23,200 23,200 1.36
Metropolitan Wtr Dist 1.67% 2029-10-01 23,000 23,000 1.35
Badger Tob Asset Securitizatio Asset- 6% 2017-06-01 20,000 22,161 1.30
Connecticut St Go Bans 4% 2011-06-01 21,000 22,139 1.29
Florida Hurricane Catastrophe Rev Bds 5% 2010-07-01 18,450 18,865 1.10
Data through 2009-06-30
  Other Information
Fund Inception: 1993-10-07
Portfolio Manager  (Start Date)
James M. D'Arcy  (2007-06-26)
James D’Arcy is a director and senior portfolio manager for Columbia Management focusing on tax-exempt and crossover short duration accounts. In addition, he manages two short-term funds and various short-term separate accounts and is responsible for developing tax-exempt strategies for Columbia Management’s tax-exempt liquidity strategies group. Mr. D’Arcy joined Columbia Management in 1999 and has been a member of the investment community since 1996. Prior to joining Columbia Management, Mr. D’Arcy worked on the fixed-income trading desk at Wells Capital Management. Mr. D'Arcy received his B.A. in economics from the University of Colorado at Boulder. He holds the Chartered Financial Analyst designation. In addition, he is a member of the CFA North Carolina Society and the National Federation of Municipal Analysts.
Sales Charge %
(taken from prospectus dated 2009-08-01)
Front: None
Deferred: None
Expense Ratio % 0.40
based on net assets
(taken from annual report dated 2009-03-31)
Correspondence Information
One Financial Center

Boston,  MA  02111
USA
Telephone:
800-345-6611
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.