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Trending ETFs

Name

As of 05/24/2024

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

$9.42

$2.86 B

0.56%

$0.05

0.78%

Vitals

YTD Return

3.5%

1 yr return

10.8%

3 Yr Avg Return

0.5%

5 Yr Avg Return

5.0%

Net Assets

$2.86 B

Holdings in Top 10

66.0%

52 WEEK LOW AND HIGH

$9.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 227.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2024

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

$9.42

$2.86 B

0.56%

$0.05

0.78%

CARYX - Profile

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.23%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Columbia Adaptive Risk Allocation Fund
  • Fund Family Name
    Columbia Funds Complex
  • Inception Date
    Oct 01, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joshua Kutin

Fund Description

Under normal circumstances, the Fund pursues its investment objective by allocating portfolio risk across multiple asset classes in U.S. and non-U.S. markets with the goal of generating consistent risk-adjusted returns. For these purposes, risk is the expected volatility (i.e., dispersion of returns) of a security, market, index or asset class, as determined by Columbia Management Investment Advisers, LLC (the Investment Manager).
The Investment Manager employs quantitative and fundamental methods to identify distinct market states and creates a strategic risk allocation for each state that is intended to generate attractive risk-adjusted returns in that market state. Allocations of risk to asset classes may differ significantly across market states. In addition to strategic risk allocations based on the market state, the Investment Manager may make tactical adjustments within and among asset classes and pursue opportunistic strategies in response to changing market, economic or other conditions.
The Investment Manager may use a variety of security and instrument types to gain exposure to equity securities, inflation-hedging assets and fixed income securities (generally consisting of fixed income securities issued by governments, which are referred to as interest rate assets, and other fixed income securities, which are referred to as spread assets).
The Fund may invest in securities and instruments issued by both U.S. and non-U.S. entities, including issuers in emerging market countries. The Fund may also invest in currencies. The Fund may invest in companies that have market capitalizations of any size. The Fund may invest in fixed income securities of any maturity (and does not seek to maintain a particular dollar-weighted average maturity) and of any credit quality, including investments that are rated below investment-grade or are deemed to be of comparable quality (commonly referred to as “high yield securities” or “junk bonds”).
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 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 forward contracts (including forward foreign currency contracts), futures (including currency, equity, index, interest rate and other bond futures), options and swaps (including credit default swaps, credit default swap indexes, interest rate swaps, and total return swaps).  The Fund may invest in derivatives for both hedging and non-hedging purposes, including, for example, seeking to enhance returns or as a substitute for a position in an underlying asset. The Fund may invest in derivatives to manage the Fund's overall risk exposure. The Fund also expects to use derivatives to obtain leverage (market exposure in excess of the Fund’s assets). The Fund may utilize significant amounts of leverage within certain asset classes and during certain market states in an effort to maintain attractive expected risk-adjusted returns while adhering to the Fund's risk allocation framework.
The Fund may also take short positions, for hedging or investment purposes.
As part of its principal investment strategies, 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 for investment purposes. In certain market conditions, the Fund may have no market positions (i.e., the Fund may hold only cash and cash equivalents) when the Investment Manager believes it is in the best interests of the Fund.
The Fund may invest in the securities and instruments described herein directly or indirectly through investments in other mutual funds, real estate investment trusts and similar entities formed under the laws of non-U.S. countries, closed-end funds and exchange-traded funds (ETFs) (including both leveraged and inverse ETFs) managed by third parties or the Investment Manager or its affiliates. Depending on current and expected market and economic conditions, the Fund may invest all of its assets in underlying funds. From time to time, the Fund may focus its investments in certain countries or geographic areas, including Europe.
The Fund’s investment strategy may involve the frequent trading of portfolio securities.
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CARYX - Performance

Return Ranking - Trailing

Period CARYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -2.6% 19.3% 69.41%
1 Yr 10.8% -2.2% 43.5% 60.55%
3 Yr 0.5%* -21.8% 10.8% 49.31%
5 Yr 5.0%* -12.0% 22.5% 51.23%
10 Yr N/A* -4.7% 10.0% N/A

* Annualized

Return Ranking - Calendar

Period CARYX Return Category Return Low Category Return High Rank in Category (%)
2023 8.2% -18.9% 60.2% 47.71%
2022 -21.3% -48.5% 0.1% 77.88%
2021 -7.9% -19.0% 48.3% 86.57%
2020 7.0% -16.5% 52.8% 45.15%
2019 10.6% -8.5% 27.3% 47.26%

Total Return Ranking - Trailing

Period CARYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -2.6% 19.3% 69.41%
1 Yr 10.8% -2.2% 43.5% 60.55%
3 Yr 0.5%* -21.8% 10.8% 49.31%
5 Yr 5.0%* -12.0% 22.5% 51.23%
10 Yr N/A* -4.7% 10.0% N/A

* Annualized

Total Return Ranking - Calendar

Period CARYX Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% -11.7% 61.8% 57.80%
2022 -14.9% -48.5% 4.6% 55.76%
2021 11.0% -14.2% 48.3% 54.63%
2020 9.5% -11.7% 77.4% 40.78%
2019 19.0% -3.9% 28.4% 16.42%

NAV & Total Return History


CARYX - Holdings

Concentration Analysis

CARYX Category Low Category High CARYX % Rank
Net Assets 2.86 B 1.98 M 13.3 B 5.48%
Number of Holdings 250 3 2550 14.16%
Net Assets in Top 10 1.89 B 1.16 M 10.4 B 4.57%
Weighting of Top 10 66.05% 21.6% 120.6% 59.82%

Top 10 Holdings

  1. COLUMBIA SHORT TERM CASH FUND 38.23%
  2. TREASURY NOTE 6.14%
  3. Columbia Commodity Strategy Fund 5.97%
  4. TREASURY NOTE 5.66%
  5. SP500 EMINI MAR 24 2.45%
  6. UMBS 30YR TBA(REG A) 2.05%
  7. UMBS 30YR TBA(REG A) 1.52%
  8. TREASURY NOTE 1.39%
  9. UMBS 30YR TBA(REG A) 1.33%
  10. TREASURY NOTE 1.32%

Asset Allocation

Weighting Return Low Return High CARYX % Rank
Bonds
54.17% 0.00% 106.59% 8.22%
Cash
38.23% -33.22% 88.48% 7.76%
Stocks
10.95% 0.00% 137.56% 91.32%
Other
4.25% -29.71% 128.17% 6.39%
Convertible Bonds
0.06% 0.00% 8.92% 49.77%
Preferred Stocks
0.00% -0.07% 5.36% 20.09%

Stock Sector Breakdown

Weighting Return Low Return High CARYX % Rank
Real Estate
98.48% 0.00% 99.45% 2.16%
Consumer Cyclical
1.52% 0.00% 25.83% 90.27%
Utilities
0.00% 0.00% 91.12% 90.27%
Technology
0.00% 0.00% 85.77% 92.43%
Industrials
0.00% 0.00% 23.85% 96.76%
Healthcare
0.00% 0.00% 38.63% 95.14%
Financial Services
0.00% 0.00% 98.22% 91.89%
Energy
0.00% 0.00% 60.89% 88.65%
Communication Services
0.00% 0.00% 21.61% 87.57%
Consumer Defense
0.00% 0.00% 37.51% 94.59%
Basic Materials
0.00% 0.00% 56.73% 93.51%

Stock Geographic Breakdown

Weighting Return Low Return High CARYX % Rank
US
10.95% 0.00% 137.56% 90.41%
Non US
0.00% -1.94% 41.50% 27.85%

Bond Sector Breakdown

Weighting Return Low Return High CARYX % Rank
Government
40.42% 0.00% 99.78% 31.51%
Cash & Equivalents
38.23% 0.00% 80.17% 6.85%
Securitized
5.03% 0.00% 52.99% 29.22%
Derivative
4.25% -14.68% 128.17% 5.94%
Corporate
0.72% 0.00% 95.17% 60.73%
Municipal
0.00% 0.00% 19.13% 39.27%

Bond Geographic Breakdown

Weighting Return Low Return High CARYX % Rank
US
34.77% 0.00% 92.67% 14.16%
Non US
19.40% 0.00% 27.25% 2.28%

CARYX - Expenses

Operational Fees

CARYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.49% 10.24% 92.69%
Management Fee 0.70% 0.00% 1.50% 30.59%
12b-1 Fee 0.00% 0.00% 1.00% 6.21%
Administrative Fee N/A 0.05% 0.70% 35.54%

Sales Fees

CARYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

CARYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

CARYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 227.00% 1.75% 441.00% 88.07%

CARYX - Distributions

Dividend Yield Analysis

CARYX Category Low Category High CARYX % Rank
Dividend Yield 0.56% 0.00% 24.95% 73.06%

Dividend Distribution Analysis

CARYX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

CARYX Category Low Category High CARYX % Rank
Net Income Ratio 0.23% -2.01% 13.72% 52.05%

Capital Gain Distribution Analysis

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

Distributions History

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CARYX - Fund Manager Analysis

Managers

Joshua Kutin


Start Date

Tenure

Tenure Rank

Oct 01, 2015

6.67

6.7%

Joshua Kutin is Head of Asset Allocation, North America, and a senior portfolio manager for the Global Asset Allocation Team at Columbia Threadneedle Investments. He is responsible for research across solutions, with a particular focus on global asset allocation and alternatives. Prior to joining Columbia Threadneedle Investments in 2015, Mr. Kutin worked at Putnam Investments as a portfolio manager on the global asset allocation team. He has been a member of the investment community since 1998. Mr. Kutin received a B.S. in economics and a B.S. in mathematics with computer science from MIT, as well as a masters degree in finance from Princeton University.

Alexander Wilkinson


Start Date

Tenure

Tenure Rank

May 24, 2018

4.02

4.0%

Alex Wilkinson is a portfolio manager for the Global Asset Allocation Team at Columbia Threadneedle Investments. Mr. Wilkinson joined one of the Columbia Threadneedle Investments firms in 2006 and has been a member of the investment community since then. Prior to joining the Global Asset Allocation Team he held positions as a senior analyst on the Performance Measurement Team, and as an intermediate analyst with the Quantitative Strategies Group. Mr. Wilkinson received a B.A. in economics from the University of Massachusetts at Amherst. In addition, he holds the Chartered Financial Analyst® and Chartered Alternative Investment Analyst designations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.67 13.0