Columbia Threadneedle Investments today announced that the
Columbia Select Mid Cap Value Fund has reached its 20-year
anniversary. The five-star Morningstar-rated fund is ranked in the
top quartile for the three-, five- and 10-year time periods, ending
November 30, 2021. Additionally, the Columbia Select Mid Cap Value
Fund received a Lipper Fund Award for its three-year performance,
ending December 31, 2020. 1
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Kari Montanus, Lead Portfolio Manager,
Columbia Select Mid Cap Value Fund (Photo: Business Wire)
The Columbia Select Mid Cap Value Fund aims to deliver long-term
outperformance by investing in underappreciated companies that can
show accelerating earnings growth. With three decades of investment
management experience each, lead portfolio manager Kari Montanus
and co-portfolio manager Jonas Patrikson use a high-conviction,
bottom-up approach when selecting securities for the fund. They
look for cheap, out-of-favor companies in which they can identify a
catalyst for change. Montanus has been lead portfolio manager of
the Columbia Select Mid Cap Value Fund since May 2018.
“We believe that mid cap value is the ‘sweet spot’ of the market
currently. This overlooked asset class can be a source of
diversification for investors, as it offers exposure to areas of
the economy likely to benefit from more persistent inflation and
the reopening of the economy. Currently, we are finding
opportunities in energy, consumer discretionary, technology and
real estate sectors which we feel will benefit from the current
economic backdrop,” said Montanus.
Despite the strong historical outperformance of the asset class,
mid cap value funds have a small market share according to
Morningstar (less than 1.5 percent of U.S. mutual fund AUM), so
many investors may be missing out on the return potential of the
asset class.
The fund holds 40 to 50 stocks, the team’s best ideas, and is
constructed with a balanced exposure to stocks at different stages
in their investment lifecycles. “Fundamental research is at the
heart of our process. Over the years, we’ve proven that we can
identify companies early on that are poised for positive change. We
are patient investors that are willing to give companies the time
needed to turn things around and become better companies,” said
lead manager Montanus.
To round out their approach, the portfolio management team
leverages the comprehensive fundamental, quantitative, and
responsible investing research capabilities of the firm, including
160 analysts and research associates with deep industry knowledge
who provide comprehensive sector coverage.
Morningstar ratings and
rankings
Time Period
Overall
1-Year
3-Year
5-Year
10-Year
Percentile Rank
45
8
13
21
# of Peers
412
391
349
253
Star Rating
★★★★★
★★★★★
★★★★★
★★★★
Category: US Fund Mid-Cap Value as of November 30, 2021
Ratings and rankings shown for Institutional Share Class. Other
classes may have different performance characteristics and may have
different ratings. Morningstar Star Ratings are based on a
Morningstar Risk-Adjusted Return measure. Morningstar Percentile
Rankings are based on annualized total returns.
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 Asia2,
we manage $714 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. Follow us on
Twitter.
Columbia Threadneedle Investments (Columbia Threadneedle) is the
global brand name of the Columbia and Threadneedle group of
companies.
1 Source: Refinitiv. A Lipper Fund Award is awarded to one fund
in each Lipper classification for achieving the strongest trend of
consistent risk-adjusted performance against its classification
peers over the three- five- or 10-year periods ending December 31,
2020. Awards are based on the fund’s performance for the prior
calendar year and do not reflect the inclusion of sales charges.
Columbia Select Mid Cap Value Inst 3 was awarded a Lipper Fund
Award for the 3-year period ending December 31, 2020, in the
Mid-Cap Value Funds category of 34 funds.
2 As of November 8, 2021, Columbia Threadneedle Investments
including BMO GAM (EMEA)
3 As of September 30, 2021. Includes all assets managed by
entities in the Columbia and Threadneedle group of companies.
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.
©2021 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.
The Refinitiv Lipper Fund Awards are based on the Lipper Leader
for Consistent Return rating, which is a risk-adjusted performance
measure calculated over 36, 60 and 120 months. Lipper Leaders fund
ratings do not constitute and are not intended to constitute
investment advice or an offer to sell or the solicitation of an
offer to buy any security of any entity in any jurisdiction. For
more information, see lipperfundawards.com.
Columbia Funds are distributed by Columbia Management Investment
Distributors, Inc., member FINRA, and managed by Columbia
Management Investment Advisers, LLC.
© 2021 Columbia Management Investment Advisers, LLC. All rights
reserved.
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Liz Kennedy 617.897.9394 liz.kennedy@ampf.com
Ameriprise Financial (NYSE:AMP)
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