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Name

As of 09/27/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Columbia Quality Income Fund

CUGUX | Fund

$16.61

$1.41 B

3.50%

$0.59

1.20%

Vitals

YTD Return

-4.6%

1 yr return

-4.8%

3 Yr Avg Return

-7.4%

5 Yr Avg Return

29.0%

Net Assets

$1.41 B

Holdings in Top 10

44.2%

52 WEEK LOW AND HIGH

$16.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 319.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 09/27/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Columbia Quality Income Fund

CUGUX | Fund

$16.61

$1.41 B

3.50%

$0.59

1.20%

CUGUX - Profile

Distributions

  • YTD Total Return -4.6%
  • 3 Yr Annualized Total Return -7.4%
  • 5 Yr Annualized Total Return 29.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.40%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Columbia Quality Income Fund
  • Fund Family Name
    Columbia Funds Complex
  • Inception Date
    Mar 01, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jason Callan

Fund Description

Under normal circumstances, at least 80% of the Fund’s net assets (including the amount of any borrowings for investment purposes) are invested in mortgage-related securities. Mortgage-related securities include those that are either issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities (U.S. Government Securities), those issued by non-U.S. governments, as well as residential and commercial mortgage-backed securities issued by non-governmental entities. Mortgage-related securities that either are issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities include Government National Mortgage Association (GNMA or Ginnie Mae) mortgage-backed bonds, which are backed by the full faith and credit of the U.S. Government; and Federal National Mortgage Association (FNMA or Fannie Mae) and Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) mortgage-backed bonds. FNMA and FHLMC are chartered or sponsored by Acts of Congress; however, their securities are neither issued nor guaranteed by the U.S. Treasury or backed by the full faith and credit of the U.S. Government.
The Fund’s investments in mortgage-related securities include investments in stripped mortgage-backed securities such as interest-only (IO) and principal-only (PO) securities. The Fund may invest in other asset-backed securities.
Under normal circumstances, the Fund invests at least 60% of its net assets in mortgage-related securities that are U.S. Government Securities and at least 80% of its net assets in securities rated investment grade by a nationally recognized statistical rating organization or, if unrated, determined to be of comparable quality. The Fund may invest up to 20% of its net assets in debt instruments that, at the time of purchase, are rated below investment grade or are unrated but determined to be of comparable quality (commonly referred to as “high-yield” investments or “junk” bonds).
The Fund may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity.
The Fund may invest in privately placed and other securities or instruments that are purchased and sold pursuant to Rule 144A or other exemptions under the Securities Act of 1933, as amended, subject to certain regulatory restrictions.
The Fund may invest in derivatives, such as futures (including interest rate futures) to manage interest rate exposure, swaps (including interest rate swaps) to manage credit and interest rate exposure, and options on swaps (commonly known as swaptions) to manage interest rate exposure. The Fund’s use of derivatives may result in leverage (market exposure in excess of the Fund’s assets). The Fund may hold a significant amount of cash, money market instruments (which may include investments in one or more affiliated or unaffiliated money market funds or similar vehicles), other high-quality, short-term investments, or other liquid assets to meet its segregation obligations as a result of its investments in derivatives.
The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis. Such securities may include mortgage-backed securities acquired or sold in the “to be announced” (TBA) market and those in a dollar roll transaction.
The Fund’s investment strategy may involve the frequent trading of portfolio securities.
Read More

CUGUX - Performance

Return Ranking - Trailing

Period CUGUX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.6% -8.3% 4.4% 97.87%
1 Yr -4.8% -18.7% 4.9% 98.94%
3 Yr -7.4%* -12.6% 46.0% 97.80%
5 Yr 29.0%* -7.3% 54.7% 2.60%
10 Yr N/A* -4.1% 12.5% 79.20%

* Annualized

Return Ranking - Calendar

Period CUGUX Return Category Return Low Category Return High Rank in Category (%)
2022 -19.3% -34.7% 7.0% 95.74%
2021 -2.2% -11.6% 15.7% 10.43%
2020 306.1% -10.1% 946.1% 2.45%
2019 3.7% -1.7% 156.4% 86.21%
2018 -0.7% -9.4% 3.3% 1.31%

Total Return Ranking - Trailing

Period CUGUX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.6% -7.4% 6.8% 97.87%
1 Yr -4.8% -14.8% 7.4% 98.94%
3 Yr -7.4%* -9.7% 50.6% 97.80%
5 Yr 29.0%* -3.5% 190.7% 2.60%
10 Yr N/A* -1.1% 73.4% 75.12%

* Annualized

Total Return Ranking - Calendar

Period CUGUX Return Category Return Low Category Return High Rank in Category (%)
2022 -17.2% -32.2% 7.0% 96.83%
2021 0.0% -5.9% 15.7% 29.34%
2020 322.2% -9.6% 978.6% 2.35%
2019 6.5% 1.1% 21668.0% 91.21%
2018 1.6% -5.7% 6.2% 3.70%

NAV & Total Return History

CUGUX - Holdings

Concentration Analysis

CUGUX Category Low Category High CUGUX % Rank
Net Assets 1.41 B 234 K 299 B 46.95%
Number of Holdings 322 1 17234 76.77%
Net Assets in Top 10 619 M -106 M 27.6 B 37.67%
Weighting of Top 10 44.16% 3.7% 123.9% 16.17%

Top 10 Holdings

  1. UMBS 30YR TBA(REG A) 7.94%
  2. UMBS 30YR TBA(REG A) 6.52%
  3. UMBS 30YR TBA(REG A) 6.45%
  4. GNMA2 30YR TBA(REG C) 4.50%
  5. UMBS 30YR TBA(REG A) 4.00%
  6. UMBS 30YR TBA(REG A) 3.81%
  7. GNMA2 30YR 3.13%
  8. COLUMBIA SHORT TERM CASH FUND 2.78%
  9. FNMA 30YR UMBS SUPER 2.61%
  10. UMBS 15YR TBA(REG B) 2.42%

Asset Allocation

Weighting Return Low Return High CUGUX % Rank
Bonds 		134.02% 3.97% 268.18% 3.53%
Cash 		2.78% -181.13% 95.99% 49.71%
Stocks 		0.00% -0.55% 24.74% 82.35%
Preferred Stocks 		0.00% 0.00% 77.13% 80.40%
Convertible Bonds 		0.00% 0.00% 7.93% 96.73%
Other 		-0.54% -13.23% 4.55% 96.85%

Bond Sector Breakdown

Weighting Return Low Return High CUGUX % Rank
Securitized 		94.51% 0.00% 98.40% 1.06%
Cash & Equivalents 		2.78% 0.00% 95.99% 49.33%
Corporate 		0.26% 0.00% 100.00% 96.54%
Municipal 		0.00% 0.00% 100.00% 92.20%
Government 		0.00% 0.00% 86.23% 99.52%
Derivative 		-0.54% 0.00% 25.16% 89.58%

Bond Geographic Breakdown

Weighting Return Low Return High CUGUX % Rank
US 		134.02% 3.63% 210.09% 3.54%
Non US 		0.00% -6.54% 58.09% 84.32%

CUGUX - Expenses

Operational Fees

CUGUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.01% 20.64% 20.27%
Management Fee 0.49% 0.00% 1.76% 85.71%
12b-1 Fee 0.50% 0.00% 1.00% 73.82%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

CUGUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CUGUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

CUGUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 319.00% 2.00% 493.39% 86.65%

CUGUX - Distributions

Dividend Yield Analysis

CUGUX Category Low Category High CUGUX % Rank
Dividend Yield 3.50% 0.00% 10.58% 46.27%

Dividend Distribution Analysis

CUGUX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CUGUX Category Low Category High CUGUX % Rank
Net Income Ratio 2.40% -1.28% 8.97% 12.86%

Capital Gain Distribution Analysis

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

Distributions History

View More +

CUGUX - Fund Manager Analysis

Managers

Jason Callan

Start Date

Tenure

Tenure Rank

Apr 21, 2009

13.12

13.1%

Jason Callan is Head of Structured Assets, Head of Core and Core Plus and a Senior Portfolio Manager for multi-sector fixed income at Columbia Threadneedle Investments. He joined Columbia Threadneedle Investments in 2007 as a senior quantitative analyst covering Non-Agency RMBS, was promoted to portfolio manager in 2008, and head of structured assets in 2009 . Mr. Callan assumed multi-sector portfolio management responsibilities in 2016 and became lead portfolio manager on Core and Core Plus strategies in 2017. Mr. Callan is also a co-portfolio manager on the Strategic Income portfolio and a member of the Global Fixed Income Asset Allocation Committee. Previously, Mr. Callan worked at GMAC in their Principal Investments unit as a portfolio manager and an analyst. He has been a member of the investment community, specializing in structured assets, since 2003. Mr. Callan received a B.S. in Economics from the University of Minnesota and an MBA from University of Minnesota’s Carlson School of Management

Thomas Heuer

Start Date

Tenure

Tenure Rank

May 01, 2010

12.09

12.1%

Mr. Heuer joined Columbia Management Investment Advisers, LLC in 1993. Mr. Heuer began his investment career in 1993. He earned a B.A. in Accounting from the University of Wisconsin and an M.B.A. with a concentration in Finance from the University of Minnesota. He holds both the Certified Public Accountant designation and the Chartered Financial Analyst designation.

Ryan Osborn

Start Date

Tenure

Tenure Rank

Feb 08, 2019

3.31

3.3%

Mr. Osborn began his investment career in 2004 and earned a B.B.A. from the University of Wisconsin - Madison.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.83 1.16

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