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4 Top-Rated Columbia Mutual Funds for Your Portfolio
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Columbia Threadneedle Investments manages assets worth over $462 billion (as of Jun 30, 2016). The company is one of the leading global asset management groups, providing a variety of investment solutions and strategies to both individuals and institutions. In 2015, Columbia Management and Threadneedle Investments came together as Columbia Threadneedle Investments. It has more than 2,000 employees, including 450 investment professionals across the world. Columbia provides investment services and equity and income strategies across 18 countries in North America, Europe, Asia Pacific and the Middle East.
Columbia High Yield Muni A (LHIAX - Free Report) invests a large portion of its assets in high-yield muni bonds. LHIAX seeks growth of income, which are exempted from federal income tax. The fund generally invests in below investment grade or medium grade debt securities. Columbia High Yield Muni A has year-to-date, three-year and five-year annualized returns of 4.2%, 7.8% and 6.6%, respectively.
LHIAXhas an expense ratio of 0.86% compared to the category average of 0.95%.
Columbia Corporate Income Z (SRINX - Free Report) seeks appreciation of income and capital. SRINX invests the bulk of its assets in bonds issued by corporate. The fund normally invests more than 60% of its assets in unrated or investment-grade securities. Columbia Corporate Income Z has year-to-date, three-year and five-year annualized returns of 10.7%, 4.2% and 5%, respectively.
Brian Lavin is one of fund managers of SRINX since 2010.
Columbia Large Cap Enhanced Core Z (NMIMX - Free Report) invests a major portion of its assets in common stocks of companies that are included in the S&P 500 Index. NMIMX may also invest in convertible securities and other derivatives, which are expected to provide return similar to the index. Columbia Large Cap Enhanced Core Z has year-to-date, three-year and five-year annualized returns of 4.6%, 8.9% and 14.5%, respectively.
NMIMXhas an expense ratio of 0.65% compared to the category average of 1.05%.
Columbia Strategic Income K seeks growth of income and capital. CSIVX invests the lion’s share of its assets in domestic government bonds, mortgage bonds, investment-grade bonds, high-yield bonds as well as international sovereign and government bonds. Columbia Strategic Income K has year-to-date, three-year and five-year annualized returns of 8.8%, 4.2% and 5.3%, respectively.
As of June 2016, CSIVX held 917 issues with 3.01% of its assets invested in Fed Natl Mort Assc 3.5%.
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4 Top-Rated Columbia Mutual Funds for Your Portfolio
Columbia Threadneedle Investments manages assets worth over $462 billion (as of Jun 30, 2016). The company is one of the leading global asset management groups, providing a variety of investment solutions and strategies to both individuals and institutions. In 2015, Columbia Management and Threadneedle Investments came together as Columbia Threadneedle Investments. It has more than 2,000 employees, including 450 investment professionals across the world. Columbia provides investment services and equity and income strategies across 18 countries in North America, Europe, Asia Pacific and the Middle East.
Below we share with you four top-rated Columbia mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Columbia funds.
Columbia High Yield Muni A (LHIAX - Free Report) invests a large portion of its assets in high-yield muni bonds. LHIAX seeks growth of income, which are exempted from federal income tax. The fund generally invests in below investment grade or medium grade debt securities. Columbia High Yield Muni A has year-to-date, three-year and five-year annualized returns of 4.2%, 7.8% and 6.6%, respectively.
LHIAXhas an expense ratio of 0.86% compared to the category average of 0.95%.
Columbia Corporate Income Z (SRINX - Free Report) seeks appreciation of income and capital. SRINX invests the bulk of its assets in bonds issued by corporate. The fund normally invests more than 60% of its assets in unrated or investment-grade securities. Columbia Corporate Income Z has year-to-date, three-year and five-year annualized returns of 10.7%, 4.2% and 5%, respectively.
Brian Lavin is one of fund managers of SRINX since 2010.
Columbia Large Cap Enhanced Core Z (NMIMX - Free Report) invests a major portion of its assets in common stocks of companies that are included in the S&P 500 Index. NMIMX may also invest in convertible securities and other derivatives, which are expected to provide return similar to the index. Columbia Large Cap Enhanced Core Z has year-to-date, three-year and five-year annualized returns of 4.6%, 8.9% and 14.5%, respectively.
NMIMXhas an expense ratio of 0.65% compared to the category average of 1.05%.
Columbia Strategic Income K seeks growth of income and capital. CSIVX invests the lion’s share of its assets in domestic government bonds, mortgage bonds, investment-grade bonds, high-yield bonds as well as international sovereign and government bonds. Columbia Strategic Income K has year-to-date, three-year and five-year annualized returns of 8.8%, 4.2% and 5.3%, respectively.
As of June 2016, CSIVX held 917 issues with 3.01% of its assets invested in Fed Natl Mort Assc 3.5%.
To view the Zacks Rank and past performance of all Columbia mutual funds, investors can click here to see the complete list of Columbia funds.
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