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CIOCX Columbia Corporate Income C

  • Fund
  • CIOCX
  • Price as of: Sep 18, 2017
  • $10.24
  • - $0.01
  • - 0.10%
  • Category
  • Corporate Bonds

CIOCX - Profile

Vitals

  • YTD Return 2.5%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 2.6%
  • Net Assets $1.24 B
  • Holdings in Top 10 17.1%

52 WEEK LOW AND HIGH

$10.24
$9.89
$10.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.75%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 50.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Investment Themes

CATEGORY

Corporate Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Corporate Bond

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.55%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Columbia Corporate Income Fund
  • Fund Family Name Columbia
  • Inception Date Jul 15, 2002
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Brian J. Lavin

Fund Description

The fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in debt securities issued by corporate and other non-governmental issuers, including dollar-denominated debt securities issued by foreign companies. It also invests at least 60% of total assets in securities that, at the time of purchase, are investment grade securities or in unrated securities determined to be of comparable quality. Under normal circumstances, the fund's average effective duration will be between three and ten years.

CIOCX - Performance

Return Ranking - Trailing

Period CIOCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.5% -70.8% 6.5% 33.08% 3
1 Yr 1.6% -3.7% 11.6% 75.86% 4
3 Yr 2.0% * -4.0% 6.5% 72.66% 4
5 Yr 2.6% * -0.4% 6.8% 71.62% 4
10 Yr 4.9% * 2.0% 9.4% 59.22% 3

* Annualized


Return Ranking - Calendar

Period CIOCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.3% -4.6% 344.7% 13.41% 1
2015 -6.3% -18.3% 2.7% 46.51% 4
2014 2.2% -10.0% 12.3% 23.11% 2
2013 -6.2% -24.8% 5.0% 58.82% 5
2012 4.9% -5.4% 10.0% 47.92% 4

Total Return Ranking - Trailing

Period CIOCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.5% -70.8% 6.5% 33.08% 3
1 Yr 0.6% -5.7% 17.6% 71.65% 4
3 Yr 2.0% * -4.0% 6.5% 65.23% 4
5 Yr 2.6% * -0.4% 6.8% 65.50% 4
10 Yr 4.9% * 1.9% 9.4% 56.42% 3

* Annualized


Total Return Ranking - Calendar

Period CIOCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.3% -4.1% 376.9% 24.81% 2
2015 -6.3% -12.2% 4.0% 66.28% 5
2014 2.2% -8.0% 27.7% 41.04% 3
2013 -3.1% -11.2% 9.2% 47.51% 3
2012 7.4% -5.4% 37.6% 43.23% 3

NAV & Total Return History

CIOCX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

CIOCX Category Low Category High CIOCX % Rank Quintile
Net Assets 1.24 B 7.08 M 28.8 B 7.98% 2
Number of Holdings 506 6 2105 6.84% 2
Net Assets in Top 10 211 M -1.77 B 2.45 B 6.84% 2
Weighting of Top 10 17.1% 2.8% 538.6% 25.10% 3

Top 10 Holdings

  1. US Treasury Note 1.375% 2.43%
  2. Five Corners Fdg Tr 144A 4.419% 1.55%
  3. Progress Engy 3.15% 1.75%
  4. Sempra Engy 4.05% 1.54%
  5. Anheuser Busch Inbev Fin 3.65% 2.19%
  6. Dte Engy 2.85% 1.48%
  7. Smucker J M 1.75% 1.67%
  8. Conagra Brands 3.2% 1.49%
  9. Dte Engy 3.5% 1.60%
  10. Tiaa Asset Mgmt Fin Co 144A 2.95% 1.43%

Asset Allocation

Weighting Category Low Category High CIOCX % Rank Quintile
Bonds
94.12% 41.28% 152.51% 18.25% 3
Cash
5.75% -52.52% 54.06% 14.07% 2
Other
0.13% -21.11% 19.18% 14.83% 3
Stocks
0.00% -4.16% 28.39% 9.89% 5
Preferred Stocks
0.00% 0.00% 37.86% 17.87% 5
Convertible Bonds
0.00% 0.00% 25.59% 16.73% 5

Bond Sector Breakdown

Weighting Category Low Category High CIOCX % Rank Quintile
Corporate
96.35% 1.20% 162.32% 3.42% 1
Government
2.43% -87.31% 49.63% 21.67% 3
Securitized
1.09% -0.01% 108.25% 18.63% 3
Derivative
0.00% -2.92% 33.48% 2.28% 4
Cash & Equivalents
0.00% -52.93% 53.43% 34.98% 5
Municipal
0.00% 0.00% 8.39% 16.35% 5

Bond Geographic Breakdown

Weighting Category Low Category High CIOCX % Rank Quintile
US
85.61% -0.24% 129.09% 7.98% 1
Non US
8.51% -22.48% 76.41% 29.66% 5

CIOCX - Expenses

Operational Fees

CIOCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.75% 0.00% 4.40% 11.79% 5
Management Fee 0.49% 0.00% 1.70% 6.46% 3
12b-1 Fee 1.00% 0.00% 1.00% 0.57% 5
Administrative Fee 0.07% 0.01% 0.40% 9.15% 3

Sales Fees

CIOCX Fees (% of AUM) Category Low Category High CIOCX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 1.00% 0.00% 5.50% 11.11% 3

Trading Fees

CIOCX Fees (% of AUM) Category Low Category High CIOCX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CIOCX Fees (% of AUM) Category Low Category High CIOCX Rank Quintile
Turnover 50.00% 8.80% 1728.00% 20.15% 2

CIOCX - Distributions

Dividend Yield Analysis

CIOCX Category Low Category High CIOCX % Rank Quintile
Dividend Yield 2.9% 0.01% 8.61% 1.61% 1

Dividend Distribution Analysis

CIOCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

CIOCX Category Low Category High CIOCX % Rank Quintile
Net Income Ratio 2.55% 0.95% 6.23% 48.67% 4

Capital Gain Distribution Analysis

CIOCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

CIOCX - Managers

Brian J. Lavin

Manager

Start Date

May 26, 2010

Tenure

7.27

Tenure Rank

7.4%

Brian Lavin is a senior portfolio manager for High Yield Fixed Income at Columbia Management Investment Advisers, LLC. He joined the firm in April 1994 as a credit analyst covering high yield bonds, was promoted to associate portfolio manager in 1999 and to portfolio manager in 2000. He has been in the investment industry since 1986. Before joining the firm, Mr. Lavin was a high yield analyst at Van Kampen Merrit. He has experience in both non-investment grade and investment grade issuers and has covered a variety of industries. Mr. Lavin received a B.A. in business administration from the University of St. Thomas and an M.B.A. from the University of Wisconsin – Milwaukee. Mr. Lavin also holds the Chartered Financial Analyst designation.


Thomas W. Murphy

Manager

Start Date

Apr 29, 2011

Tenure

6.35

Tenure Rank

8.9%

Tom Murphy is a senior portfolio manager and head of the Investment Grade Credit Team at Columbia Threadneedle Investments. Mr. Murphy joined one of the Columbia Threadneedle Investments legacy firms in 2002 and has held his current position since that time. Previously, Mr. Murphy was a managing director and portfolio manager at BlackRock Financial Management, where he was senior strategist for investment-grade corporate bonds, a senior member of the investment grade corporate portfolio management team, and lead portfolio manager for the firm’s investment grade corporate-only portfolios. Prior to that, Mr. Murphy was with Zurich Scudder Investments for ten years, holding a number of positions including corporate sector team leader. He has been in the investment industry since 1986. Mr. Murphy received a B.B.A. from the University of Notre Dame and an MBA from the University of Michigan. In addition, he holds the Chartered Financial Analyst® designation.


Timothy J. Doubek

Manager

Start Date

Apr 29, 2011

Tenure

6.35

Tenure Rank

8.9%

Doubek is a senior portfolio manager with AEFC, his employer since June 2001. Prior, he was a senior portfolio manager at Lincoln Capital Management. Previously, he was a fixed income portfolio manager at Northwestern Mutual Life Insurance in Milwaukee. Mr. Doubek began his investment career in 1987. He earned an M.B.A. from the University of Michigan and was awarded his Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.2

Category High

30.3

Category Average

6.03

Category Mode

2.7