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Is Columbia Income Builder A Fund (RBBAX) Worth Another Look?

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Columbia Income Builder A (RBBAX - Free Report) a Zacks Rank #1 (Strong Buy) is a "fund of funds" and seeks to achieve its objective by investing in a combination of underlying funds representing different asset classes, potentially including an allocation to alternative investment strategies. It normally invests in each asset class within the following target asset allocation ranges: Equity 0-35%, Fixed Income 55-100%, Cash 0-15%, Alternative Investment Strategy 0-20%.

This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; High Yield Bond, Intermediate Bond and Small Value. Further, as of the last filing, COLUMBIA HIGH YIELD BOND, COLUMBIA US GOV MORTGAGE and COLUMBIA GLOBAL DIVIDEND were the top holdings for RBBAX.

The Columbia Income Builder A fund, managed by Columbia, carries an expense ratio of 0.4%. Moreover, RBBAX requires a minimal initial investment of $2,000.

RBBAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 9.91%, 3 year 4.72% and 5 year 7.01%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.

RBBAX’s performance, as of the last filing, when compared to funds in its category was in the top 33% in 1 year, top 47% over the past 3 years, and in the 65% over the past 5 years.

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