Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

CCSCX Columbia Commodity Strategy C

  • Fund
  • CCSCX
  • Price as of: Aug 16, 2019
  • $3.93 + $0.01 + 0.26%
  • Category
  • Commodity Producers Equities

CCSCX - Profile

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return -9.5%
  • 5 Yr Annualized Return -13.1%
  • Net Assets $360 M
  • Holdings in Top 10 99.3%

52 WEEK LOW AND HIGH

$3.93
$3.89
$5.28

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.86%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Investment Themes

CATEGORY

Commodity Producers Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return -4.5%
  • 5 Yr Annualized Total Return -10.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.41%
DIVIDENDS
  • Dividend Yield 18.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Columbia Commodity Strategy Fund
  • Fund Family Name Columbia
  • Inception Date Jun 18, 2012
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager David Donora

Fund Description

Under normal circumstances, the fund seeks to maintain substantial economic exposure to the performance of the commodities markets. It invests, directly or indirectly, in a portfolio of commodity-linked investments, such as commodity-linked futures, structured notes and/or swaps, that are designed to provide exposure to the investment return of assets that trade in the commodities markets, without investing directly in physical commodities.

CCSCX - Performance

Return Ranking - Trailing

Period CCSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -4.0% 21.9% 62.86%
1 Yr -22.0% -38.7% 16.8% 95.71%
3 Yr -9.5%* -12.1% 5.2% 94.29%
5 Yr -13.1%* -21.4% 4.0% 88.57%
10 Yr N/A* -11.5% 8.6% N/A

* Annualized


Return Ranking - Calendar

Period CCSCX Return Category Return Low Category Return High Rank in Category (%)
2018 -27.7% -42.9% -0.6% 95.71%
2017 0.7% -13.1% 19.1% 62.86%
2016 11.3% 3.1% 41.9% 35.71%
2015 -24.4% -35.0% 0.0% 57.14%
2014 -22.0% -34.3% -1.4% 87.50%

Total Return Ranking - Trailing

Period CCSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -4.0% 21.9% 62.86%
1 Yr -8.5% -38.7% 16.8% 60.00%
3 Yr -4.5%* -12.1% 8.1% 74.29%
5 Yr -10.2%* -21.4% 6.0% 82.86%
10 Yr N/A* -11.5% 10.0% N/A

* Annualized


Total Return Ranking - Calendar

Period CCSCX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.1% -42.9% -0.6% 61.43%
2017 0.7% -8.3% 22.7% 81.43%
2016 11.2% 3.1% 47.3% 57.14%
2015 -24.4% -35.0% 0.6% 57.14%
2014 -22.0% -34.3% -0.8% 87.50%

NAV & Total Return History

CCSCX - Holdings

Concentration Analysis

CCSCX Category Low Category High CCSCX % Rank
Net Assets 360 M 1.23 M 5.98 B 54.29%
Number of Holdings 52 2 365 47.14%
Net Assets in Top 10 343 M -191 M 1.32 B 30.00%
Weighting of Top 10 99.28% 3.8% 210.8% 12.86%

Top 10 Holdings

  1. United States Treasury Bills 0% 14.07%

  2. United States Treasury Bills 0% 13.38%

  3. United States Treasury Bills 0% 11.52%

  4. Brent Crude (Ice) Sep 19 10.88%

  5. Gold 100 oz Aug19 10.77%

  6. Corn Sep 19 9.66%

  7. Gasoline Rbob Sep 19 8.15%

  8. Copper Sept19 7.49%

  9. Natural Gas _TAS Sept19 7.19%

  10. Silver Future Sept19 6.18%


Asset Allocation

Weighting Return Low Return High CCSCX % Rank
Other
107.61% -6.89% 107.61% 2.86%
Bonds
38.97% 0.00% 90.85% 34.29%
Preferred Stocks
0.00% 0.00% 0.00% 32.86%
Convertible Bonds
0.00% 0.00% 1.71% 47.14%
Stocks
-0.85% -0.85% 99.05% 94.29%
Cash
-45.73% -45.80% 106.89% 92.86%

Bond Sector Breakdown

Weighting Return Low Return High CCSCX % Rank
Government
24.90% 0.00% 82.07% 32.86%
Derivative
0.00% -20.72% 0.01% 32.86%
Securitized
0.00% 0.00% 43.69% 51.43%
Corporate
0.00% 0.00% 50.90% 61.43%
Municipal
0.00% 0.00% 0.48% 37.14%
Cash & Equivalents
-31.66% -31.66% 106.89% 94.29%

Bond Geographic Breakdown

Weighting Return Low Return High CCSCX % Rank
US
38.97% 0.00% 84.44% 34.29%
Non US
0.00% 0.00% 37.49% 57.14%

CCSCX - Expenses

Operational Fees

CCSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.86% 0.05% 12.59% 25.71%
Management Fee 0.63% 0.00% 1.50% 30.00%
12b-1 Fee 1.00% 0.00% 1.00% 88.89%
Administrative Fee 0.08% 0.01% 0.45% 38.46%

Sales Fees

CCSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 1.00% 1.00% 1.00% 45.45%

Trading Fees

CCSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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.

CCSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 1040.00% 11.43%

CCSCX - Distributions

Dividend Yield Analysis

CCSCX Category Low Category High CCSCX % Rank
Dividend Yield 18.07% 0.00% 0.47% 12.86%

Dividend Distribution Analysis

CCSCX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

CCSCX Category Low Category High CCSCX % Rank
Net Income Ratio 0.41% -1.26% 2.06% 68.57%

Capital Gain Distribution Analysis

CCSCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

CCSCX - Managers

David Donora

Manager

Start Date

Tenure

Tenure Rank

Jul 28, 2011

8.01

8.0%

David Donora joined the company in 2008 as a portfolio manager specialising in Commodities. In addition to managing the commodity portfolios, his responsibilities include establishing and managing Columbia Threadneedle’s capabilities in this asset class and developing a suitable product range to complement the company’s equity, bond and property offerings. David has over 30 years’ trading and investing experience encompassing commodity, macro and derivative-based portfolios. He began his career at Marine Midland Bank in New York in 1982 where he held positions of VP – Commodity Finance, focusing on base and precious metals before transitioning to trading where he was latterly trading FX options, and finally Head of FX Options for London and New York. David then moved to UBS NY in 1988 to head its FX and Precious Metals OTC derivatives desk, before transferring to London to take a lead role in trading and developing UBS London’s OTC derivative businesses in precious metals and FX. In 1994 David joined CIBC to establish the London leg of a global volatility proprietary trading business, and after a successful period of discretionary trading was made Managing Director and Global Head of FX Derivatives in 1998. In 1999 he created and managed a successful commodity-based proprietary trading and derivative structuring business while Head of OTC Derivatives at Refco Overseas. The business created bespoke commodity OTCs, incorporating first and second generation exotics as the building blocks, and managed its risk on a proprietary trading basis. The primary focus was agriculture and soft commodities working with producers and consumers of commodities. David graduated from the University of Notre Dame with a BA in Finance.


Nicolas Robin

Manager

Start Date

Tenure

Tenure Rank

Jul 28, 2011

8.01

8.0%

Nicolas Robin joined the company in 2010 and is the Co-Lead Manager of the Threadneedle (Lux) Enhanced Commodities fund and Columbia Commodity Strategy Fund. Nicolas brings both hedge fund and commodity index trading experience to the team. He started his career at Barep Asset Management (SG Group) in 2002, helping to set up a Commodity Arbitrage hedge fund desk. By 2005 he was Lead Manager and assets rose to $200 million. The strategy was focused on relative value strategies in commodities and aimed to take advantage of short-term dislocations in commodity forward curves. In 2006, Nicolas joined JPMorgan Chase to run the bank’s commodity index trading book. During his tenure, index assets under management trebled making JPMorgan Chase a leading index dealer. In his time at JPMorgan Chase, Nicolas was responsible overhauling the bank’s commodity index trading platform and driving the bank’s effort into fully customisable commodity index solutions. He participated in the creation of the JPMorgan Commodity Curve Index (JPMCCI), the bank’s foray into second generation commodity indices launched in 2007. He also contributed to the development of the bank’s commodity customised indices and algorithmic strategies, looking at both momentum and curve based strategies. Alongside his commodity index trading responsibilities, Nicolas also ran a proprietary trading book across commodities, using both relative value and directional strategies with an emphasis on the energy complex. Nicolas holds a BSc in Government and Economics and a MSc in Political Theory from the London School of Economics.


Tenure Analysis

Category Low

0.3

Category High

15.01

Category Average

6.73

Category Mode

8.59