Fund Evaluator:

Columbia New York Itmt Muncpl Bd Inst Overview

Columbia New York Itmt Muncpl Bd Inst (GNYTX) is an actively managed Municipal Bond Muni New York Intermediate fund. Columbia Threadneedle launched the fund in 1991.

The investment seeks as high a level of current interest income exempt from federal income tax and, to the extent possible, from New York individual income tax, as is consistent with relative stability of principal. The fund normally invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in municipal securities that pay interest exempt from U.S. federal income tax (including the federal alternative minimum tax (AMT)) and New York individual income tax. The fund is non-diversified.

About Columbia New York Itmt Muncpl Bd Inst (GNYTX)

There are 3 members of the management team with an average tenure of 6.60 years: Paul Fox (2012), Doug Rangel (2022), Travis Bates (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg Municipal TR USD index with a weighting of 100% and Bloomberg Municipal 3-15Y Blend 2-17Y TR index with a weighting of 100%. Columbia New York Itmt Muncpl Bd Inst has 98 securities in its portfolio. The top 10 holdings constitute 27.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Columbia New York Itmt Muncpl Bd Inst is part of the Fixed Income global asset class and is within the Municipal Bond fund group. Columbia New York Itmt Muncpl Bd Inst has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.4% (97.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Columbia New York Itmt Muncpl Bd Inst has 2.6% of the portfolio in cash.

Assets Under Management

The fund has $31 million in total assets, which is below the $106 million average for the Muni New York Intermediate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GNYTX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Columbia New York Itmt Muncpl Bd Inst expense ratio is average compared to funds in the Muni New York Intermediate category. Columbia New York Itmt Muncpl Bd Inst has an expense ratio of 0.51%, which is 33% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Columbia New York Itmt Muncpl Bd Inst has a portfolio turnover rate of 12%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 19% for the Muni New York Intermediate category.

Recently, in the month of June 2026, Columbia New York Itmt Muncpl Bd Inst returned 0.5%, which earned it a grade of F, as the Muni New York Intermediate category had an average return of 0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Columbia New York Itmt Muncpl Bd Inst has a trailing yield of 2.77%, which is below the 2.87% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Columbia New York Itmt Muncpl Bd Inst Grades

Year to date, the fund has returned 1.7%, 0.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 5.4% over the past year (grade of D), 3.2% over the past three years (grade of D) and 0.8% per year over the past five years (grade of C) and 1.7% per year over the past 10 years (grade of B).

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