Columbia Absolute Return Currency and Income Fund Class Z Shares (CACZX)

9.55
Net Asset Value
0.00%
1 Day
+0.95%
Year-to-Date
Overall Morningstar Rating
Multicurrency
Style or Category
No Load
Sales Expenses
1.43%
Expense Ratio
--
Morningstar Risk Rating™
Investment Objective The investment seeks positive absolute return. The fund normally invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in short-duration debt obligations (or securities that invest in such debt obligations, including an affiliated money market fund) and forward foreign currency contracts. In pursuit of the fund's objective, to provide absolute return, the adviser seeks to generate positive total returns from the income produced by the short-term debt obligations, plus (minus) the gain (loss) resulting from fluctuations in the values of various foreign currencies relative to the U.S. dollar.

Performance

1 month-1.95% 3 years-1.30%
3 months-0.10% 5 years--
1 year-4.60% Since inception-0.76%
Data through --

Peer Comparisonvs. Multicurrency

 CACZXCategory
Performance 5-yr return--+1.93%
Expense ratio1.43%1.40%
Risk 5 year sharpe ratio0.060.26
Net assets$48.5M$485.6M
Average market cap----
Average P/E----
Portfolio turnover0%0%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyColumbia
Fund manager & tenureNicholas Pifer / 8 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

Cash97.98%
Fixed income2.02%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Northstar Guarantee Inc Div B Stud L1.52%
-- Sallie Mae FRN0.50%

To view my watchlist

Not a member yet?

Sign up now for a free account

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.