3 Top-Rated Columbia Mutual Funds To Add To Your Portfolio

by: Zacks Funds

Columbia Threadneedle Investments is one of the leading global asset management groups, providing a variety of investment solutions and strategies to both individuals and institutions. In 2015, Columbia Management and Threadneedle Investments came together as Columbia Threadneedle Investments.

The fund family had nearly $454 billion of assets under management as of December 31, 2016. It has more than 2,000 employees, including 450 investment professionals across the world. Columbia Threadneedle Investments provides investment services and equity and income strategies across 19 countries in North America, Asia Pacific, Europe and the Middle East.

Below we share with you three three-rated Columbia mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Columbia funds.

Columbia U.S. Government Mortgage Fund A (MUTF:AUGAX) seeks growth of income and preservation of capital. It invests a bulk of its assets in mortgage-related securities, which are either guaranteed or issued by the U.S. government and its agencies. The fund returned 1.6% over the last one-year period.

As of December 2016, AUGAX held 363 issues, with 4.02% of its total assets invested in Fannie Mae Single Family TBA 2.5% 2031-01-01.

Columbia Convertible Securities Fund A (MUTF:PACIX) invests the majority of its assets in convertible securities, which are generally rated below investment grade. It seeks return through appreciation of capital and income. The fund may also invest nearly 15% of its assets in Eurodollar convertible securities and around one-fifth of its assets in securities of foreign companies. It returned 19.7% over the last one-year period.

PACIX has an expense ratio of 1.11%, compared with the category average of 1.35%.

Columbia Strategic Income Fund Inst (MUTF:LSIZX) seeks to offer growth of income and capital. It invests heavily in fixed-income debt instruments, including high-yield bonds, investment grade corporate bonds, government bonds, assets and mortgage-backed debt securities and inflation-protected securities. The fund returned 7.2% over the last one-year period.

Colin Lundgren has been one of the fund managers of LSIZX since 2010.

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