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| Best Columbia Mutual Funds 2013 |
As part of Ameriprise Financial, Columbia Management Group is among the nation’s largest asset management. Established in 1894, it is currently managing more than $300 billion in assets for individual and institutional investors. It ranks as the top 10 largest asset managers in the U.S. Columbia Management offers products such as mutual funds, closed end funds, exchange traded funds (ETFs), 529 plans, variable products, and offshore funds.
These best Columbia mutual funds for 2013 are selected based on its performance history. These Columbia funds do have a sales load. The funds are ranked with 3 star rating or higher by Morningstar. You may find the fund review below and other fund information. I also have selected my favorite funds below.
The 22 best Columbia mutual funds for 2013 are:
- Columbia Dividend Opportunity Fund
- Columbia Seligman Communications & Information Fund
- Columbia Dividend Income Fund
- Columbia Income Builder Fund
- Columbia US Government Mortgage Fund
- Columbia Small Cap Index Fund
- Columbia Contrarian Core Fund
- Columbia Limited Duration Credit Fund
- Columbia Mid Cap Index Fund
- Columbia Corporate Income Fund
- Columbia European Equity Fund
- Columbia Tax-Exempt Fund
- Columbia Acorn Fund
- Columbia Diversified Equity Income Fund
- Columbia Strategic Income Fund
- Columbia Large Cap Growth Fund
- Columbia Income Opportunities Fund
- Columbia Capital Allocation Moderate Fund
- Columbia High Yield Bond Fund
- Columbia Acorn International Fund
- Columbia Mid Cap Value Fund
- Columbia Marsico Focused Equity Fund
Columbia Dividend Opportunity Fund (INUTX)
The Columbia Dividend Opportunity fund utilizes its assets to purchase dividend paying common & preferred stocks of any size companies. It is managed by Laton Spahr, Steven R. Schroll, and Paul Stocking. Its dividend yield is 3.80%. The expense ratio is 1.08% per year. The holdings turnover rate is 28%.
Top Mutual Funds 2013
Morningstar has ranked this best Columbia mutual fund with 4 stars rating. It has returned 16.12% over the past 3 year, and 9.31% over the past 10 years. In 2012, its YTD return is 13.09%. This year-to-date return is lower than the S&P 500 total return in 2012, 16%.
This large value mutual fund has Enbridge Inc and General Electric Co as its top 2 holdings. The top 3 sectors are financial services, healthcare, and energy.
Columbia Seligman Communications & Information Fund (SLMCX)
Columbia Seligman Communications & Information Fund is a 4-star mutual fund. It invests mainly in equities of companies operating in the communications and information industries. The class A fund has a sales load of 5.75%. Its total assets are $3.4 billion. This technology mutual fund is open for new investors. You can buy this fund with $2,000 initial funding.
As one of the best Columbia mutual funds for 2013, the best 1 year total return was achieved in 1999 with 74.52%. It has a low risk rating. The following is the past 5 year performance:
- Year 2012: 7.46%
- Year 2011: -4.86%
- Year 2010: 15.29%
- Year 2009: 59.92%
- Year 2008: -36.52%
This Columbia Dividend Income Fund objective seeks total return through investment in a diversified portfolio of income-producing equity securities. The total assets are $7.2 billion. It is quite popular among investors as well. Its portfolio turnover rate is only 23%. The current shares price is $15.71. The fund management uses large value as its investment style.
LBSAX fund is available from 113 brokerages. Morningstar analysts rank this best fund with silver rating. This equity mutual fund has a 5 -year average return of 5.37%. If you invest $1,000 10-year ago, your initial capital will be $2,468 now.
Columbia Income Builder Fund (RBBAX)
Columbia Income Builder Fund has a high yield of 3.77%. It uses its assets to purchase bond funds, equity funds, cash investment, and alternative investment strategy. Colin J. Lundgren, Gene R. Tannuzzo, and Zach Pandl are the fund managers. The fund’s NAV is $11.53. This conservative allocation mutual fund has an annual expense ratio of 1.09%.
Top 20 BlackRock Mutual Funds 2013
This best Columbia mutual fund has a year annualized return of 10.01%. The top 3 holdings are Columbia US Government Mortgage I, Columbia High Yield Bond I, and Columbia Dividend Opportunity.
Columbia Tax-Exempt Fund (COLTX)
Columbia Tax-Exempt Fund invests majority of assets in investment grade municipal bonds. It is managed by Kimberly Campbell. It provides a tax free high yield of 3.97%. The assets are totaling $4.6 billion. You can purchase this fund with minimum initial investment of $2,500 for brokerage account. The last dividend is distributed on January 20, 2013 in the amount of $0.05. The fund’s shares price is $14.33.
This Columbia mutual fund has returned 6.61% over the past 1 year, 7.35% over the past 3 year, and 5.22 over the past 10 year. The average effective duration is 7.25 years and the average effective maturity is 16.43 years. The average credit quality is BBB.
Disclosure: No Position
Fund Information
| No | Fund Description | Category | Rating | Assets (M) |
|---|---|---|---|---|
| 1 | Columbia Dividend Opportunity A | Large Value | 4 | 3372.93 |
| 2 | Columbia Seligman Comms & Info A | Technology | 4 | 2495.72 |
| 3 | Columbia Dividend Income A | Large Value | 4 | 2198.29 |
| 4 | Columbia Income Builder A | Conservative Allocation | 4 | 811.42 |
| 5 | Columbia US Govt Mortgage A | Intermediate Government | 4 | 731.85 |
| 6 | Columbia Small Cap Index A | Small Blend | 4 | 687.84 |
| 7 | Columbia Contrarian Core A | Large Blend | 4 | 678.07 |
| 8 | Columbia Limited Duration Credit A | Short-Term Bond | 4 | 662.51 |
| 9 | Columbia Mid Cap Index A | Mid-Cap Blend | 4 | 585.65 |
| 10 | Columbia Corporate Income A | Intermediate-Term Bond | 4 | 144.58 |
| 11 | Columbia European Equity A | Europe Stock | 4 | 57.28 |
| 12 | Columbia Tax-Exempt A | Muni National Long | 3 | 3805.48 |
| 13 | Columbia Acorn A | Mid-Cap Growth | 3 | 3440.18 |
| 14 | Columbia Diversified Equity Income A | Large Value | 3 | 2426.82 |
| 15 | Columbia Strategic Income A | Multisector Bond | 3 | 1510.63 |
| 16 | Columbia Large Cap Growth A | Large Growth | 3 | 1393.51 |
| 17 | Columbia Income Opportunities A | High Yield Bond | 3 | 1393.21 |
| 18 | Columbia Capital Allocation Moderate A | Moderate Allocation | 3 | 1337.04 |
| 19 | Columbia High Yield Bond A | High Yield Bond | 3 | 1282.8 |
| 20 | Columbia Acorn International A | Foreign Small/Mid Growth | 3 | 1052.43 |
| 21 | Columbia Mid Cap Value A | Mid-Cap Value | 3 | 1005.84 |
| 22 | Columbia Marsico Focused Eq A | Large Growth | 3 | 944.68 |
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