INEAX: Columbia High Yield Bond A

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INEAX Columbia High Yield Bond A


Profile

INEAX - Profile

Vitals

  • YTD Return -0.7%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $1.44 B
  • Holdings in Top 10 9.0%

52 WEEK LOW AND HIGH

$2.98
$2.84
$3.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.04%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 41.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.93%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Columbia High Yield Bond Fund
  • Fund Family Name
    Columbia
  • Inception Date
    Dec 08, 1983
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brian Lavin

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in high-yield debt instruments (commonly referred to as "junk" bonds or securities). It may invest up to 25% of its net assets in debt instruments of foreign issuers. The fund may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity.


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Categories

Performance

INEAX - Performance

Return Ranking - Trailing

Period INEAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -2.0% 1.7% 78.70%
1 Yr 4.6% -2.6% 6.3% 3.93%
3 Yr 0.2%* -5.5% 1.4% 7.59%
5 Yr -0.1%* -4.5% 1.3% 7.51%
10 Yr N/A* -4.8% 2.0% 5.56%

* Annualized

Return Ranking - Calendar

Period INEAX Return Category Return Low Category Return High Rank in Category (%)
2019 11.1% -0.2% 23.9% 2.19%
2018 -8.8% -17.1% -1.8% 76.82%
2017 1.4% -5.7% 4.8% 30.69%
2016 5.8% -5.3% 13.0% 78.76%
2015 -6.1% -20.6% 1.0% 17.34%

Total Return Ranking - Trailing

Period INEAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -2.0% 1.7% 78.70%
1 Yr 4.6% -2.6% 6.4% 3.93%
3 Yr 0.2%* -5.5% 3.9% 29.37%
5 Yr -0.1%* -4.5% 4.8% 31.50%
10 Yr N/A* -4.8% 7.4% 16.67%

* Annualized

Total Return Ranking - Calendar

Period INEAX Return Category Return Low Category Return High Rank in Category (%)
2019 11.1% -0.2% 23.9% 2.19%
2018 -8.8% -17.1% 0.4% 80.91%
2017 1.4% -5.1% 8.1% 49.10%
2016 5.8% -5.3% 20.7% 82.26%
2015 -6.1% -20.6% 1.0% 35.84%

NAV & Total Return History


Holdings

INEAX - Holdings

Concentration Analysis

INEAX Category Low Category High INEAX % Rank
Net Assets 1.44 B 1.02 M 26.8 B 34.05%
Number of Holdings 373 5 1532 34.41%
Net Assets in Top 10 133 M -449 M 2.1 B 35.27%
Weighting of Top 10 9.04% 4.3% 99.3% 65.72%

Top 10 Holdings

  1. CSC Holdings, LLC 6.5% 1.24%
  2. DISH DBS Corporation 7.75% 1.22%
  3. TransDigm, Inc. 6.25% 0.94%
  4. Targa Resources Partners LP/Targa Resources Finance Corporation 5% 0.89%
  5. T-Mobile USA, Inc. 6.5% 0.81%
  6. DCP Midstream Operating, LP 5.6% 0.81%
  7. CrownRock LP 5.62% 0.81%
  8. SBA Communications Corporation 4.88% 0.78%
  9. ALTICE FRANCE S.A 7.38% 0.77%
  10. iHeartCommunications Inc 8.38% 0.76%

Asset Allocation

Weighting Return Low Return High INEAX % Rank
Bonds
98.28% 82.79% 143.50% 8.39%
Cash
1.72% -43.73% 21.02% 81.51%
Stocks
0.00% -12.70% 9.17% 92.69%
Preferred Stocks
0.00% 0.00% 5.37% 90.75%
Other
0.00% -10.16% 6.34% 85.38%
Convertible Bonds
0.00% 0.00% 4.64% 92.90%

Bond Sector Breakdown

Weighting Return Low Return High INEAX % Rank
Corporate
97.03% 9.69% 100.00% 25.59%
Cash & Equivalents
2.31% -0.82% 49.29% 76.99%
Derivative
0.66% -0.02% 15.37% 13.55%
Securitized
0.00% 0.00% 46.32% 90.75%
Municipal
0.00% 0.00% 2.95% 82.58%
Government
0.00% 0.00% 35.67% 88.17%

Bond Geographic Breakdown

Weighting Return Low Return High INEAX % Rank
US
86.82% 67.67% 118.63% 9.89%
Non US
11.46% 0.00% 29.53% 67.53%

Expenses

INEAX - Expenses

Operational Fees

INEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.04% 0.13% 20.17% 51.72%
Management Fee 0.63% 0.00% 1.60% 73.16%
12b-1 Fee 0.25% 0.00% 1.00% 51.46%
Administrative Fee N/A 0.01% 0.30% 28.51%

Sales Fees

INEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 2.00% 5.75% 9.20%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

INEAX 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.

INEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 1.88% 433.00% 34.35%

Distributions

INEAX - Distributions

Dividend Yield Analysis

INEAX Category Low Category High INEAX % Rank
Dividend Yield 2.32% 0.00% 3.60% 12.04%

Dividend Distribution Analysis

INEAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

INEAX Category Low Category High INEAX % Rank
Net Income Ratio 4.93% -0.01% 9.34% 65.80%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

INEAX - Fund Manager Analysis

Managers

Brian Lavin


Start Date

Tenure

Tenure Rank

May 26, 2010

9.69

9.7%

Brian Lavin is a senior portfolio manager for High Yield Fixed Income at Columbia Management Investment Advisers, LLC. He joined the firm in April 1994 as a credit analyst covering high yield bonds, was promoted to associate portfolio manager in 1999 and to portfolio manager in 2000. He has been in the investment industry since 1986. Before joining the firm, Mr. Lavin was a high yield analyst at Van Kampen Merrit. He has experience in both non-investment grade and investment grade issuers and has covered a variety of industries. Mr. Lavin received a B.A. in business administration from the University of St. Thomas and an M.B.A. from the University of Wisconsin – Milwaukee. Mr. Lavin also holds the Chartered Financial Analyst designation.

Daniel DeYoung


Start Date

Tenure

Tenure Rank

Feb 08, 2019

0.98

1.0%

Mr. DeYoung began his investment career in 2005 and earned a B.S. from the University of Minnesota Carlson School of Management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 35.46 6.44 1.08