Columbia Intermediate Municipal Bond Fund

Columbia Intermediate Municipal Bond Fund is an actively managed open-end mutual fund that primarily invests in investment-grade municipal securities. The fund’s main objective is to seek current income exempt from federal income tax, while also aiming for the preservation of principal. By focusing on intermediate duration municipal bonds, the fund offers investors exposure to a diversified portfolio of tax-exempt securities, predominantly issued by U.S. state and local governments. Such funds are particularly relevant for individuals seeking to reduce their taxable income, making them popular among high-net-worth investors and those in higher tax brackets. With a moderate interest rate risk profile, the Columbia Intermediate Municipal Bond Fund plays a role in diversified fixed income strategies, providing stability and income in rising interest rate environments and serving as a foundational component in municipal bond market allocations.