Columbia Acorn European Inst
Fund
CAEZX
Price as of:
$21.57
+ $0.16
+ 0.75%
Primary Theme
fund company
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-35.6%
1 yr return
-33.8%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
2.7%
Net Assets
$105 M
Holdings in Top 10
33.4%
52 WEEK LOW AND HIGH
$21.4
$17.04
$33.51
Expenses
OPERATING FEES
Expense Ratio 1.20%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 21.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CAEZX - Profile
Distributions
- YTD Total Return -35.6%
- 3 Yr Annualized Total Return -0.6%
- 5 Yr Annualized Total Return 3.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.21%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameColumbia Acorn European Fund
-
Fund Family NameColumbia Threadneedle
-
Inception DateAug 19, 2011
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerStephen Kusmierczak
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowing for investment purposes) in European companies. Under normal circumstances, the Fund invests at least 70% of its total assets in companies in Western European countries (for example, the United Kingdom, Germany, France and Italy), but also may invest up to 30% of its total assets in companies in emerging Central and Eastern European countries (for example, Poland, the Czech Republic, Turkey and Cyprus). For purposes of the Fund's policies, the Fund may invest in a company if (i) it is domiciled in, or the principal trading market for its securities is in, a European country, (ii) it derives 50% or more of its economic value from goods produced, sales made or services performed or has at least 50% of its assets in a European country or countries or (iii) it is a holding company that predominantly holds shares in such companies. The Fund may invest in a variety of countries, industries and sectors and does not attempt to invest a specific percentage of its assets in any given country, industry or sector.
Under normal circumstances, the Fund invests a majority of its net assets in the common stock of small- and mid-sized companies with market capitalizations generally in the range of market capitalizations in the MSCI AC Europe Small Cap Index (Net), the Fund's benchmark, (the Index) at the time of purchase (between $85.4 million and $10.6 billion as of March 31, 2022). The market capitalization range and composition of companies in the Index are subject to change. As such, the size of the companies in which the Fund invests may change. The Fund determines a company’s market capitalization at the time of investment. As long as a majority of its net assets are invested in companies within the Index, the Fund may continue to hold and make new investments in a security even if the
company’s market capitalization grows beyond the market capitalization of the largest company within the Index or falls below the market capitalization of the smallest company within the Index. The Investment Manager from time to time emphasizes one or more sectors in selecting the Fund’s investments, including the industrials, information technology, and health care sectors.
Columbia Wanger Asset Management, LLC, the Fund's investment adviser (the Investment Manager), believes that stocks of small- and mid-sized companies, which generally are not as well known by financial analysts as larger companies, may offer higher return potential than stocks of larger companies.
The Fund takes advantage of the Investment Manager's research and stock-picking capabilities to initially invest in a limited number of companies (generally under 100), offering the potential to provide above-average growth over time.
The Investment Manager typically seeks companies with:
| ■ | A strong business franchise that offers growth potential. |
| ■ | Products and services in which the company has a competitive advantage. |
| ■ | A stock price the Investment Manager believes is reasonable relative to the assets and earning power of the company. |
The Investment Manager may sell a portfolio holding if the security reaches the Investment Manager's price target, if the company has a deterioration of fundamentals, such as failing to meet key operating benchmarks, or if the Investment Manager believes other securities are more attractive. The Investment Manager also may sell a portfolio holding to fund redemptions.
CAEZX - Performance
Return Ranking - Trailing
| Period | CAEZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -35.6% | -36.2% | 19.1% | 97.96% |
| 1 Yr | -33.8% | -34.2% | 9.5% | 98.96% |
| 3 Yr | -0.6%* | -6.7% | 10.5% | 76.60% |
| 5 Yr | 2.7%* | -9.2% | 7.0% | 17.05% |
| 10 Yr | 6.5%* | -3.9% | 8.1% | 10.00% |
* Annualized
Return Ranking - Calendar
| Period | CAEZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | 21.2% | -45.1% | 21.2% | 2.11% |
| 2021 | 10.6% | -4.5% | 11.4% | 11.58% |
| 2020 | 13.1% | -6.9% | 21.9% | 2.13% |
| 2019 | -5.1% | -16.8% | 9.7% | 96.77% |
| 2018 | 6.4% | -9.6% | 20.1% | 3.49% |
Total Return Ranking - Trailing
| Period | CAEZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -35.6% | -36.2% | 19.1% | 97.96% |
| 1 Yr | -33.8% | -34.2% | 62.0% | 99.00% |
| 3 Yr | -0.6%* | -6.7% | 11.9% | 77.08% |
| 5 Yr | 3.0%* | -9.2% | 13.3% | 23.33% |
| 10 Yr | 7.1%* | -3.9% | 8.1% | 6.00% |
* Annualized
Total Return Ranking - Calendar
| Period | CAEZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | 21.2% | -45.1% | 21.2% | 2.11% |
| 2021 | 10.6% | -4.5% | 11.4% | 11.58% |
| 2020 | 13.1% | -6.9% | 21.9% | 2.13% |
| 2019 | -5.0% | -16.8% | 9.7% | 96.77% |
| 2018 | 6.7% | -9.6% | 20.1% | 2.33% |
NAV & Total Return History
CAEZX - Holdings
Concentration Analysis
| CAEZX | Category Low | Category High | CAEZX % Rank | |
|---|---|---|---|---|
| Net Assets | 105 M | 2.45 M | 23.5 B | 70.30% |
| Number of Holdings | 49 | 7 | 1788 | 78.43% |
| Net Assets in Top 10 | 42.3 M | 3.72 K | 4.3 B | 71.57% |
| Weighting of Top 10 | 33.43% | 4.3% | 87.9% | 47.00% |
Top 10 Holdings
- Sweco AB Class B 5.53%
- Sweco AB Class B 5.53%
- Sweco AB Class B 5.53%
- Sweco AB Class B 5.53%
- Sweco AB Class B 5.53%
- Sweco AB Class B 5.53%
- Sweco AB Class B 5.53%
- Sweco AB Class B 5.53%
- Sweco AB Class B 5.53%
- Sweco AB Class B 5.53%
Asset Allocation
| Weighting | Return Low | Return High | CAEZX % Rank | |
|---|---|---|---|---|
| Stocks | 97.66% | 0.10% | 108.46% | 63.73% |
| Cash | 2.34% | -81.12% | 99.90% | 32.35% |
| Preferred Stocks | 0.00% | 0.00% | 0.12% | 91.18% |
| Other | 0.00% | -12.19% | 3.61% | 95.10% |
| Convertible Bonds | 0.00% | 0.00% | 0.81% | 90.20% |
| Bonds | 0.00% | 0.00% | 84.91% | 90.20% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CAEZX % Rank | |
|---|---|---|---|---|
| Industrials | 31.39% | 2.47% | 34.57% | 9.00% |
| Technology | 22.41% | 0.00% | 27.53% | 10.00% |
| Healthcare | 18.61% | 0.00% | 28.53% | 18.00% |
| Financial Services | 6.39% | 0.00% | 36.14% | 90.00% |
| Communication Services | 6.27% | 0.00% | 11.10% | 34.00% |
| Basic Materials | 4.94% | 0.00% | 19.84% | 72.00% |
| Consumer Defense | 4.61% | 0.00% | 23.04% | 81.00% |
| Consumer Cyclical | 3.34% | 0.00% | 37.84% | 96.00% |
| Real Estate | 2.05% | 0.00% | 14.65% | 46.00% |
| Utilities | 0.00% | 0.00% | 15.55% | 95.00% |
| Energy | 0.00% | 0.00% | 73.53% | 96.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CAEZX % Rank | |
|---|---|---|---|---|
| Non US | 93.53% | 0.00% | 106.03% | 80.39% |
| US | 4.13% | 0.00% | 95.38% | 18.63% |
CAEZX - Expenses
Operational Fees
| CAEZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.20% | 0.07% | 2.78% | 34.31% |
| Management Fee | 1.09% | 0.06% | 1.10% | 98.02% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 26.19% |
| Administrative Fee | 0.05% | 0.01% | 0.25% | 26.09% |
Sales Fees
| CAEZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 2.25% | N/A |
Trading Fees
| CAEZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
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.
| CAEZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 21.00% | 1.68% | 184.00% | 40.54% |
CAEZX - Distributions
Dividend Yield Analysis
| CAEZX | Category Low | Category High | CAEZX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.55% | 51.43% |
Dividend Distribution Analysis
| CAEZX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| CAEZX | Category Low | Category High | CAEZX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.21% | -1.72% | 4.23% | 87.76% |
Capital Gain Distribution Analysis
| CAEZX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2021 | $0.135 | OrdinaryDividend |
| Jun 10, 2020 | $0.125 | OrdinaryDividend |
| Dec 17, 2019 | $0.235 | OrdinaryDividend |
| Jun 12, 2018 | $0.120 | OrdinaryDividend |
| Dec 18, 2017 | $0.184 | OrdinaryDividend |
| Jun 01, 2017 | $0.059 | OrdinaryDividend |
| Dec 07, 2016 | $0.129 | OrdinaryDividend |
| Jun 07, 2016 | $0.026 | OrdinaryDividend |
| Dec 09, 2015 | $0.163 | OrdinaryDividend |
| Jun 03, 2015 | $0.068 | OrdinaryDividend |
| Dec 09, 2014 | $0.087 | OrdinaryDividend |
| Dec 06, 2012 | $0.080 | OrdinaryDividend |
| Jun 06, 2012 | $0.012 | OrdinaryDividend |
| Dec 07, 2011 | $0.069 | OrdinaryDividend |
CAEZX - Fund Manager Analysis
Managers
Stephen Kusmierczak
Start Date
Tenure
Tenure Rank
Aug 19, 2011
10.79
10.8%
Mr. Kusmierczak has served as Co-Portfolio Manager. He has been associated with Columbia Wanger Asset Management, LLC, or its predecessors, as an investment professional since 2001 and has been a Vice President of Columbia Acorn Trust since 2011. Mr. Kusmierczak began his investment career in 1999 and earned a B.A. from Bowdoin College and an M.P.A. from Princeton University, Woodrow Wilson School of Public and International Affairs.
Sebastian Pigeon
Start Date
Tenure
Tenure Rank
May 01, 2021
1.08
1.1%
Mr. Pigeon has been associated with Columbia Wanger Asset Management, LLC as an investment professional since 2015 and has been a Vice President of the Trust since 2021. He began his career in 1995 at Societe Generale as an associate equity research analyst. In 1996 he joined SG Cowen, the U.S. equity arm of Societe Generale, as an equity research analyst. Mr. Pigeon also worked for nine years at Exane BNP Paribas, leaving with the title of Head of U.S. Equity Research prior to joining Driehaus Capital Management LLC in 2007. Prior to assuming assistant portfolio manager responsibilities, Mr. Pigeon was an investment analyst with Driehaus Capital Management LLC . Mr. Pigeon received his B.A. degree in Political Science from the Institute of Political Sciences (Sciences Po) in France in 1993 and his M.B.A. degree from Marseille Business School (Euromed) in France in 1995.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 24.59 | 6.98 | 0.64 |