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How is Columbia Balanced A Performing?

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Columbia Balanced A (CBLAX - Free Report) a Zacks Ranked #1 (Strong Buy) seeks high total return.  CBLAX invests 35% to 65% of its assets in stocks and 35% to 65% of its assets in debt securities. Columbia Balanced A generally invests in large cap companies and in investment-grade debt securities having intermediate- to long-term maturities. CBLAX declares and pays its dividends quarterly and capital gains annually.

This balanced fund, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth, Intermediate Bond.  Further, as of the last filing, Apple Inc., Citigroup Inc and JPMorgan Chase & Co. were the top holdings for CBLAX. 

The Columbia Balanced A fund, managed by Columbia, carries an expense ratio of 1.09, but it does come with a 0.6% management fee.  Moreover, CBLAX requires a minimal initial investment of $2,000.

CBLAX has a history of strong positive total returns for over 10 years.  Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 9.98%, 3 year 11.84%, and 5 year 10.8%.  To see how this fund performed compared in its category, please click here.  

CBLAX’s performance, as of the last filing, when compared to funds in its category was in the top 6% in 1 year, top 8% over the past 3 years, and in the 10% over the past 5 years.

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