Columbia Threadneedle Investments had nearly $459 billion of assets under management as of Mar 31, 2019. 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 17 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 four 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 funds.
Columbia Funds Series Trust Columbia Convertible Securities (NCIAX - Free Report) seeks strong returns along with growth of capital. NCIAX invests the majority of its assets in convertible securities. The fund may invest almost 15% of its assets in Eurodollar convertible securities and an additional one-fifth of its assets in non-U.S. securities. NCIAX may invest directly in equity securities as well. Columbia Convertible Securities Z has returned 12.1% in the last one year.
As of April 2019, NCIAX held 123 issues with 2.62% of its assets invested in Bank of America Corporation 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-.
Columbia Strategic Income A (COSIX - Free Report) fund 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 fund has returned 5.2% in the past one year.
Colin Lundgren is one of the fund managers of COSIX since 2010.
Columbia Convertible Securities A (PACIX - Free Report) fund 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. PACIX also invests in equity securities directly. Columbia Convertible Securities A has returned 11.8% in the past one-year period.
PACIX has an expense ratio of 1.13% compared with the category average of 1.22%.
Columbia Strategic Income Z (LSIZX - Free Report) fund seeks to offer growth of income and capital. LSIZX invests heavily in fixed-income debt instruments, including high-yield bonds, investment-grade corporate bonds, government bonds, assets and mortgage-backed debt securities and inflation-protected securities. Columbia Strategic Income Z has returned 5.2% in a year’s time.
Gene R. Tannuzzo is one of the fund managers of LSIZX since 2010.
To view the Zacks Rank and past performance of all Columbia mutual funds, investors can click here to see the complete list of funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>