Columbia Threadneedle Investments had nearly $467 billion of assets under management as of March 31, 2017. It has more than 2,000 employees, including more than 450 investment professionals across the world. Columbia provides investment services and equity and income strategies across 19 countries in North America, Asia Pacific, Europe and the Middle East.
The fund family 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.
Below we share with you three best-ranked 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 Convertible Securities A (PACIX - Free Report) invests the majority of its assets in convertible securities, which are generally rated below investment-grade. PACIX seeks returns through the appreciation of capital and income. The fund may also invest nearly 15% of its assets in Eurodollar convertible securities and around one-fifth of its assets in securities of foreign companies. Columbia Convertible Securities A has returned 16.6% over the last one-year period.
PACIX has an expense ratio of 1.13% compared with the category average of 1.19%.
Columbia Strategic Income Fund A (COSIX - Free Report) invests heavily in U.S. government bonds, mortgage-backed securities, investment-grade corporate bonds, inflation-protected securities, convertible securities as well as high yield instruments. COSIX seeks total return that includes current income and capital appreciation. Columbia Strategic Income A has returned 6.1% over the past one year.
Colin Lundgren is one of the fund managers of COSIX since 2010.
Columbia Large Cap Enhanced Core A (NMIAX - Free Report) seeks returns surpassing the total returns of the S&P 500 index. NMIAX invests the lion’s share of its assets in common stocks of companies which are included on the benchmark index. Columbia Large Cap Enhanced Core A has returned 16.6% over the last one-year period.
As of June 2017, NMIAX held 115 issues, with 3.85% of its assets invested in Apple Inc.
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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