Columbia Oregon Intermediate Municipal Bond Fund

The Columbia Oregon Intermediate Municipal Bond Fund is a mutual fund focused on providing investors with a high level of income that is exempt from both federal and Oregon state income taxes. This fund primarily invests at least 80% of its net assets in investment-grade municipal securities issued by state and local governments within Oregon. The typical portfolio comprises bonds that finance public infrastructure and community projects, supporting essential services such as schools, transportation, and utilities. By maintaining an intermediate duration—generally between four and six years—the fund aims to balance interest rate risk with yield potential, making it suitable for investors seeking tax-advantaged income without significant long-term interest rate exposure. The Columbia Oregon Intermediate Municipal Bond Fund plays a specialized role in the municipal bond market, serving as an investment vehicle for individuals prioritizing tax efficiency and local government support through the purchase of Oregon-issued bonds.