Fund’s strong performance drives four-star
overall Morningstar RatingTM
Columbia Threadneedle Investments today announced that the
Columbia Ultra Short Term Bond Fund is celebrating its 20-year
anniversary. Since inception, the fund has generated consistent
long-term performance and provided daily NAV stability with minimal
total return volatility.1
Ron Stahl, head of Columbia Threadneedle’s $8.4 billion short
duration and stable value team, has been co-portfolio manager of
the fund since 2015, while Gregory Liechty has been co-manager
since 2016. They have a long tenure at the firm, having worked
together for 15 years.
The team seeks to capitalize on pricing anomalies at the short
end of the yield curve using high quality issues and diverse fixed
income assets consistent with preserving capital, diversifying risk
and meeting cash flow needs. Stahl and Liechty leverage the firm’s
more than 80 credit analysts globally who have provided the
research intensity needed to deliver attractive returns in this
strategy for two decades. The team helps inform bottom-up security
selection, with a focus on credits that stand to benefit from
multiple economic outcomes.
“While cash can offer relative stability and capital
preservation, bonds have the potential for price appreciation while
cash does not,” said Stahl. “Columbia Ultra Short Term Bond Fund
offers a potentially attractive alternative for investors who seek
liquidity and capital preservation by providing exposure to
higher-yielding, high-quality bonds at the short end of the curve
with low volatility relative to its benchmark.”
Stahl and Liechty believe that credit and structure risk can be
managed in the portfolio through overall portfolio diversification
and disciplined, fundamental and quantitative analysis of each
investment opportunity. They seek to achieve this by exploiting
four potential sources of alpha including sector allocation,
security selection, yield curve positioning and duration
management.
Ratings and rankings
Time
Period
Overall
1-Year
3-Year
5-Year
10-Year
15-Year
Percentile Rank
22
20
19
36
49
# of Peers
235
204
182
108
46
Star Rating
4-stars
4-stars
4-stars
3-stars
Category: Ultrashort Bond, as of Feb. 29, 2024.
Ratings and rankings shown for Institutional 3 Share Class.
Other classes may have different performance characteristics and
may have different ratings. Morningstar Ratings are based on a
Morningstar Risk-Adjusted Return measure. Morningstar Rankings are
based on annualized total returns.2
Past performance does not guarantee future results.
About Columbia Threadneedle Investments
Columbia Threadneedle Investments is a leading global asset
manager that provides a broad range of investment strategies and
solutions for individual, institutional and corporate clients
around the world. With more than 2,500 people, including over 650
investment professionals based in North America, Europe and Asia,
we manage $637 billion of assets across developed and emerging
market equities, fixed income, asset allocation solutions and
alternatives.3
Columbia Threadneedle Investments is the global asset management
group of Ameriprise Financial, Inc. (NYSE: AMP). For more
information, please visit columbiathreadneedleus.com.
Columbia Threadneedle Investments (Columbia Threadneedle) is the
global brand name of the Columbia and Threadneedle group of
companies.
1Standard Deviation for Columbia Ultra Short Term Bond Inst3 –
Morningstar data as of 2/29/24:
Name
Risk Date (Mo-End)
Std Dev 1 Yr
Std Dev 3 Yr
Std Dev 5 Yr
Std Dev 10 Yr
Std Dev 15 Yr
Columbia Ultra Short Term Bond Inst3
2/29/2024
0.50
0.98
1.36
1.00
0.89
2Columbia Ultra Short Term Bond Fund earns a four-star Overall
Morningstar Rating among funds in the Ultrashort bond category as
of February 29, 2024 based on a Morningstar risk-adjusted return
measure.
3As of December 31, 2023.
Investors should consider the investment objectives, risks,
charges and expenses of a mutual fund carefully before investing.
For a free prospectus or a summary prospectus, which contains this
and other important information about the funds, visit
www.columbiathreadneedleus.com/investor/. Read the prospectus
carefully before investing.
Morningstar Percentile Rankings are based on the average
annual total returns of the funds in the category for the periods
stated. They do not include sales charges or redemption fees but do
include operating expenses and the reinvestment of dividends and
capital gains distributions. Share class rankings vary due to
different expenses. If sales charges or redemption fees were
included, total returns would be lower.
For each fund with at least a three-year history, Morningstar
calculates a Morningstar Rating™ used to rank the fund against
other funds in the same category. It is calculated based on a
Morningstar Risk-Adjusted Return measure that accounts for
variation in a fund’s monthly excess performance, without any
adjustments for loads (front-end, deferred, or redemption fees),
placing more emphasis on downward variations and rewarding
consistent performance. Exchange-traded funds and open-ended
mutual funds are considered a single population for comparative
purposes. The top 10% of funds in each category receive 5 stars,
the next 22.5% receive 4 stars, the next 35% receive 3 stars, the
next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each
share class is counted as a fraction of one fund within this scale
and rated separately, which may cause slight variations in the
distribution percentages.) The Overall Morningstar Rating for a
fund is derived from a weighted average of the performance figures
associated with its three-, five- and ten-year (if applicable)
Morningstar Rating metrics.
©2024 Morningstar, Inc. All rights reserved. The Morningstar
information contained herein: (1) is proprietary to Morningstar
and/or its content providers; (2) may not be copied or distributed;
and (3) is not warranted to be accurate, complete or timely.
Neither Morningstar nor its content providers are responsible for
any damages or losses arising from any use of this information.
Columbia funds are distributed by Columbia Management Investment
Distributors, Inc., member FINRA, and managed by Columbia
Management Investment Advisers, LLC.
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© 2024 Columbia Management Investment Advisers, LLC. All rights
reserved.
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Lisa Feuerbach Lisa.feuerbach@columbiathreadneedle.com
617.897.9344
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