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CIOCX Columbia Corporate Income C

  • Fund
  • CIOCX
  • Price as of: Jul 15, 2019
  • $10.43 + $0.02 + 0.19%
  • Category
  • Corporate Bonds

CIOCX - Profile

Vitals

  • YTD Return 8.4%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $1.12 B
  • Holdings in Top 10 67.5%

52 WEEK LOW AND HIGH

$10.43
$9.59
$10.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.68%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 65.00%

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 8.4%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.45%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Timothy J. Doubek

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 (%)
YTD 8.4% -4.8% 12.9% 12.23%
1 Yr 5.7% -7.3% 7.8% 15.28%
3 Yr 0.7%* -2.9% 2.4% 10.00%
5 Yr 0.3%* -4.9% 2.0% 12.27%
10 Yr 2.0%* -5.0% 3.2% 27.56%

* Annualized


Return Ranking - Calendar

Period CIOCX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.6% -11.7% 2.7% 65.07%
2017 3.1% -2.5% 8.3% 31.39%
2016 5.3% -3.1% 11.6% 20.00%
2015 -6.3% -18.3% 0.0% 65.91%
2014 2.2% -8.4% 12.3% 33.33%

Total Return Ranking - Trailing

Period CIOCX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.4% -4.8% 12.9% 14.85%
1 Yr 5.7% -6.5% 9.0% 26.20%
3 Yr 0.7%* -1.1% 6.2% 33.18%
5 Yr 0.3%* -2.4% 4.8% 45.91%
10 Yr 2.5%* -1.8% 9.2% 47.24%

* Annualized


Total Return Ranking - Calendar

Period CIOCX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.6% -11.7% 3.9% 73.80%
2017 3.1% -2.5% 11.6% 52.47%
2016 5.3% -3.1% 17.7% 32.27%
2015 -6.3% -16.2% 3.7% 80.45%
2014 2.2% -8.0% 17.6% 48.36%

NAV & Total Return History

CIOCX - Holdings

Concentration Analysis

CIOCX Category Low Category High CIOCX % Rank
Net Assets 1.12 B 10.5 M 29.5 B 35.81%
Number of Holdings 474 11 2235 27.51%
Net Assets in Top 10 153 M -310 M 3.34 B 37.99%
Weighting of Top 10 67.53% 2.5% 155.9% 8.73%

Top 10 Holdings

  1. U.S. Treasury Bond June19 13.44%

  2. US Ultra Bond (CBT) June19 12.97%

  3. US 5 Year Note (CBT) June19 9.09%

  4. US 10 Year Note (CBT) June19 7.61%

  5. US 2 Year Note (CBT) June19 7.39%

  6. US 10 Year Ultra Future June19 6.46%

  7. United States Treasury Notes 1.38% 2.88%

  8. JPMorgan Chase & Co. 4.45% 2.63%

  9. Five Corners Funding Trust 4.42% 2.55%

  10. Xcel Energy Inc 3.35% 2.50%


Asset Allocation

Weighting Return Low Return High CIOCX % Rank
Bonds
96.13% 26.37% 173.58% 31.44%
Convertible Bonds
2.11% 0.00% 17.11% 44.10%
Cash
1.76% -84.03% 73.39% 59.83%
Stocks
0.00% -2.89% 10.59% 65.50%
Preferred Stocks
0.00% 0.00% 26.16% 75.98%
Other
0.00% -34.36% 12.11% 58.95%

Bond Sector Breakdown

Weighting Return Low Return High CIOCX % Rank
Corporate
90.26% 0.00% 103.35% 28.38%
Government
7.98% -30.95% 54.13% 33.62%
Cash & Equivalents
1.76% -84.06% 73.39% 58.95%
Derivative
0.00% -0.83% 73.03% 50.66%
Securitized
0.00% 0.00% 115.76% 90.83%
Municipal
0.00% 0.00% 21.09% 72.93%

Bond Geographic Breakdown

Weighting Return Low Return High CIOCX % Rank
US
88.22% 7.78% 153.73% 20.52%
Non US
7.91% 0.00% 48.77% 74.24%

CIOCX - Expenses

Operational Fees

CIOCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.68% 0.00% 3.46% 17.47%
Management Fee 0.49% 0.00% 1.70% 56.77%
12b-1 Fee 1.00% 0.00% 1.00% 89.12%
Administrative Fee 0.07% 0.00% 0.40% 35.25%

Sales Fees

CIOCX 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% 0.00% 5.50% 56.10%

Trading Fees

CIOCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

CIOCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 65.00% 0.00% 1209.00% 46.72%

CIOCX - Distributions

Dividend Yield Analysis

CIOCX Category Low Category High CIOCX % Rank
Dividend Yield 0.02% 0.00% 2.52% 81.22%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

CIOCX Category Low Category High CIOCX % Rank
Net Income Ratio 2.45% 0.12% 5.67% 78.17%

Capital Gain Distribution Analysis

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

CIOCX - Managers

Timothy J. Doubek

Manager

Start Date

Tenure

Tenure Rank

Apr 29, 2011

8.18

8.2%

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.


Thomas W. Murphy

Manager

Start Date

Tenure

Tenure Rank

Apr 29, 2011

8.18

8.2%

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.


Tenure Analysis

Category Low

0.05

Category High

3.33

Category Average

1.27

Category Mode

0.05