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Columbia Limited Duration Credit Fund
mutual fund
ALDAX
Payout Change
Pending
Price as of:
$9.8
-0.01
-0.1%
primary theme
U.S. Short-Term Bond Duration
share class
ALDAX (Mutual Fund)
Columbia Limited Duration Credit Fund
Payout Change
Pending
Price as of:
$9.8
-0.01
-0.1%
primary theme
U.S. Short-Term Bond Duration
share class
ALDAX (Mutual Fund)
Columbia Limited Duration Credit Fund
Payout Change
Pending
Price as of:
$9.8
-0.01
-0.1%
primary theme
U.S. Short-Term Bond Duration
share class
Name
As of 12/27/2024Price
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
Vitals
YTD Return
4.5%
1 yr return
4.5%
3 Yr Avg Return
1.3%
5 Yr Avg Return
1.7%
Net Assets
$530 M
Holdings in Top 10
32.7%
52 WEEK LOW AND HIGH
$9.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.84%
SALES FEES
Front Load 3.00%
Deferred Load N/A
TRADING FEES
Turnover 98.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/27/2024Price
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
ALDAX - Profile
Distributions
- YTD Total Return 4.5%
- 3 Yr Annualized Total Return 1.3%
- 5 Yr Annualized Total Return 1.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.89%
- Dividend Yield 3.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameColumbia Limited Duration Credit Fund
-
Fund Family NameColumbia Funds Complex
-
Inception DateJun 19, 2003
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Murphy
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in corporate bonds. The Fund primarily invests in debt securities with short- and intermediate-term maturities generally similar to those included in the Fund’s benchmark index, the Bloomberg U.S. 1-5 Year Corporate Index (the Index).The Fund may invest up to 15% of its net assets in debt instruments that, at the time of purchase, are rated below investment grade or are unrated but determined to be of comparable quality (commonly referred to as “high-yield” investments or “junk” bonds).
The Fund’s duration is managed to help reduce volatility associated with changes in interest rates. Under normal conditions, the Fund will target duration to be similar to or lower than that of the Index, but will not exceed that of the Index by more than one year. As of October 31, 2024, the duration of the Index was 2.60 years.
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 up to 25% of its net assets in foreign investments.
ALDAX - Performance
Return Ranking - Trailing
| Period | ALDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.5% | -1.0% | 18.6% | 58.54% |
| 1 Yr | 4.5% | -1.0% | 18.6% | 60.27% |
| 3 Yr | 1.3%* | -5.7% | 5.6% | 61.45% |
| 5 Yr | 1.7%* | -4.3% | 5.0% | 52.47% |
| 10 Yr | 2.0%* | -18.6% | 170.5% | 32.38% |
* Annualized
Return Ranking - Calendar
| Period | ALDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.4% | -1.6% | 7.6% | 4.05% |
| 2022 | -8.0% | -17.7% | -2.6% | 76.91% |
| 2021 | -2.3% | -4.0% | 4.4% | 82.09% |
| 2020 | 3.9% | -7.1% | 7.6% | 7.41% |
| 2019 | 4.8% | -2.3% | 9.3% | 2.55% |
Total Return Ranking - Trailing
| Period | ALDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.5% | -1.0% | 18.6% | 58.54% |
| 1 Yr | 4.5% | -1.0% | 18.6% | 60.27% |
| 3 Yr | 1.3%* | -5.7% | 5.6% | 61.45% |
| 5 Yr | 1.7%* | -4.3% | 5.0% | 52.47% |
| 10 Yr | 2.0%* | -18.6% | 170.5% | 32.38% |
* Annualized
Total Return Ranking - Calendar
| Period | ALDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.8% | 1.8% | 15.2% | 18.30% |
| 2022 | -6.3% | -17.3% | -1.3% | 81.02% |
| 2021 | -0.9% | -2.7% | 7.7% | 82.70% |
| 2020 | 5.6% | -2.4% | 14.5% | 18.52% |
| 2019 | 7.5% | 0.6% | 12.6% | 3.40% |
NAV & Total Return History
ALDAX - Holdings
Concentration Analysis
| ALDAX | Category Low | Category High | ALDAX % Rank | |
|---|---|---|---|---|
| Net Assets | 530 M | 14.5 K | 58.2 B | 68.52% |
| Number of Holdings | 90 | 2 | 7413 | 86.95% |
| Net Assets in Top 10 | 173 M | 1.05 M | 6.81 B | 58.35% |
| Weighting of Top 10 | 32.67% | 2.0% | 108.1% | 28.02% |
Top 10 Holdings
- PEACHTREE CORNERS FUNDING TRUST 4.75%
- BANK OF AMERICA CORP 4.62%
- BACARDI LTD 3.80%
- JPMORGAN CHASE CO 3.42%
- TREASURY NOTE 3.09%
- COLUMBIA SHORT TERM CASH FUND 2.96%
- CENTENE CORPORATION 2.81%
- PRINCIPAL LIFE GLOBAL FUNDING II 2.68%
- WELLS FARGO COMPANY 2.35%
- CENTERPOINT ENERGY INC 2.18%
Asset Allocation
| Weighting | Return Low | Return High | ALDAX % Rank | |
|---|---|---|---|---|
| Bonds | 96.14% | 0.00% | 131.65% | 21.31% |
| Convertible Bonds | 5.49% | 0.00% | 27.71% | 11.35% |
| Cash | 3.66% | -20.59% | 68.64% | 37.43% |
| Other | 0.19% | -0.72% | 73.75% | 69.67% |
| Stocks | 0.00% | 0.00% | 99.96% | 99.23% |
| Preferred Stocks | 0.00% | 0.00% | 25.62% | 98.46% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | ALDAX % Rank | |
|---|---|---|---|---|
| Corporate | 90.57% | 0.00% | 99.82% | 4.04% |
| Government | 3.80% | 0.00% | 73.63% | 84.81% |
| Cash & Equivalents | 2.96% | 0.00% | 68.64% | 36.08% |
| Derivative | 0.19% | -0.72% | 21.34% | 14.20% |
| Securitized | 0.00% | 0.00% | 97.27% | 100.00% |
| Municipal | 0.00% | 0.00% | 14.41% | 99.62% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | ALDAX % Rank | |
|---|---|---|---|---|
| US | 96.14% | 0.00% | 126.86% | 18.81% |
| Non US | 0.00% | 0.00% | 87.70% | 99.04% |
ALDAX - Expenses
Operational Fees
| ALDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.84% | 0.01% | 3.29% | 34.87% |
| Management Fee | 0.43% | 0.00% | 1.19% | 80.23% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 59.02% |
| Administrative Fee | N/A | 0.01% | 0.41% | 35.26% |
Sales Fees
| ALDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 3.00% | 0.50% | 5.75% | 13.70% |
| Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
| ALDAX 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.
| ALDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 98.00% | 2.00% | 500.00% | 63.34% |
ALDAX - Distributions
Dividend Yield Analysis
| ALDAX | Category Low | Category High | ALDAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.67% | 0.00% | 11.11% | 76.78% |
Dividend Distribution Analysis
| ALDAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| ALDAX | Category Low | Category High | ALDAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.89% | -1.27% | 4.98% | 66.60% |
Capital Gain Distribution Analysis
| ALDAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.030 | OrdinaryDividend |
| Oct 31, 2024 | $0.030 | OrdinaryDividend |
| Sep 30, 2024 | $0.030 | OrdinaryDividend |
| Aug 30, 2024 | $0.029 | OrdinaryDividend |
| Jul 31, 2024 | $0.029 | OrdinaryDividend |
| Apr 30, 2024 | $0.029 | OrdinaryDividend |
| Mar 28, 2024 | $0.028 | OrdinaryDividend |
| Feb 29, 2024 | $0.028 | OrdinaryDividend |
| Jan 31, 2024 | $0.028 | OrdinaryDividend |
| Dec 29, 2023 | $0.030 | OrdinaryDividend |
| Nov 30, 2023 | $0.028 | OrdinaryDividend |
| Oct 31, 2023 | $0.028 | OrdinaryDividend |
| Sep 29, 2023 | $0.026 | OrdinaryDividend |
| Aug 31, 2023 | $0.024 | OrdinaryDividend |
| Jul 31, 2023 | $0.023 | OrdinaryDividend |
| Jun 30, 2023 | $0.022 | OrdinaryDividend |
| May 31, 2023 | $0.022 | OrdinaryDividend |
| Apr 28, 2023 | $0.021 | OrdinaryDividend |
| Mar 31, 2023 | $0.020 | OrdinaryDividend |
| Feb 28, 2023 | $0.020 | OrdinaryDividend |
| Jan 31, 2023 | $0.020 | OrdinaryDividend |
| Dec 30, 2022 | $0.024 | OrdinaryDividend |
| Nov 30, 2022 | $0.022 | OrdinaryDividend |
| Oct 31, 2022 | $0.019 | OrdinaryDividend |
| Sep 30, 2022 | $0.019 | OrdinaryDividend |
| Aug 31, 2022 | $0.017 | OrdinaryDividend |
| Jul 29, 2022 | $0.015 | OrdinaryDividend |
| Jun 30, 2022 | $0.014 | OrdinaryDividend |
| May 31, 2022 | $0.010 | OrdinaryDividend |
| Apr 29, 2022 | $0.008 | OrdinaryDividend |
| Mar 31, 2022 | $0.008 | OrdinaryDividend |
| Feb 28, 2022 | $0.007 | OrdinaryDividend |
| Jan 31, 2022 | $0.006 | OrdinaryDividend |
| Dec 31, 2021 | $0.006 | OrdinaryDividend |
| Dec 02, 2021 | $0.069 | OrdinaryDividend |
| Nov 30, 2021 | $0.006 | OrdinaryDividend |
| Oct 29, 2021 | $0.006 | OrdinaryDividend |
| Sep 30, 2021 | $0.006 | OrdinaryDividend |
| Aug 31, 2021 | $0.006 | OrdinaryDividend |
| Jun 30, 2021 | $0.006 | OrdinaryDividend |
| May 28, 2021 | $0.007 | OrdinaryDividend |
| Apr 30, 2021 | $0.007 | OrdinaryDividend |
| Mar 31, 2021 | $0.007 | OrdinaryDividend |
| Feb 26, 2021 | $0.007 | OrdinaryDividend |
| Jan 29, 2021 | $0.008 | OrdinaryDividend |
| Dec 31, 2020 | $0.008 | OrdinaryDividend |
| Nov 30, 2020 | $0.009 | OrdinaryDividend |
| Oct 30, 2020 | $0.010 | OrdinaryDividend |
| Sep 30, 2020 | $0.011 | OrdinaryDividend |
| Aug 31, 2020 | $0.011 | OrdinaryDividend |
| Jul 31, 2020 | $0.010 | OrdinaryDividend |
| Jun 30, 2020 | $0.014 | OrdinaryDividend |
| May 29, 2020 | $0.016 | OrdinaryDividend |
| Apr 30, 2020 | $0.015 | OrdinaryDividend |
| Mar 31, 2020 | $0.015 | OrdinaryDividend |
| Feb 28, 2020 | $0.016 | OrdinaryDividend |
| Jan 31, 2020 | $0.016 | OrdinaryDividend |
| Dec 31, 2019 | $0.017 | OrdinaryDividend |
| Nov 29, 2019 | $0.017 | OrdinaryDividend |
| Oct 31, 2019 | $0.017 | OrdinaryDividend |
| Sep 30, 2019 | $0.018 | OrdinaryDividend |
| Aug 30, 2019 | $0.018 | OrdinaryDividend |
| Jul 31, 2019 | $0.019 | OrdinaryDividend |
| Dec 02, 2014 | $0.009 | CapitalGainLongTerm |
| Dec 03, 2013 | $0.102 | CapitalGainLongTerm |
| Nov 30, 2012 | $0.104 | CapitalGainShortTerm |
| Nov 30, 2012 | $0.054 | CapitalGainLongTerm |
ALDAX - Fund Manager Analysis
Managers
Thomas Murphy
Start Date
Tenure
Tenure Rank
Jun 19, 2003
18.96
19.0%
Tom Murphy is a senior portfolio manager and head of the Investment Grade Credit Team at Columbia Threadneedle Investments. Mr. Murphy joined one of the Columbia Threadneedle Investments legacy firms in 2002 and has held his current position since that time. Previously, Mr. Murphy was a managing director and portfolio manager at BlackRock Financial Management, where he was senior strategist for investment-grade corporate bonds, a senior member of the investment grade corporate portfolio management team, and lead portfolio manager for the firm’s investment grade corporate-only portfolios. Prior to that, Mr. Murphy was with Zurich Scudder Investments for ten years, holding a number of positions including corporate sector team leader. He has been in the investment industry since 1986. Mr. Murphy received a B.B.A. from the University of Notre Dame and an MBA from the University of Michigan. In addition, he holds the Chartered Financial Analyst® designation.
Royce Wilson
Start Date
Tenure
Tenure Rank
May 01, 2012
10.09
10.1%
Mr. Wilson joined Columbia Management Investment Advisers, LLC in 2007. Previously He employed as a corporate bond trader for Nomura Securities from 2002 to 2006. Mr. Wilson began his investment career in 2002 and earned a B.B.A. from Western Connecticut State University.
John Dawson
Start Date
Tenure
Tenure Rank
Feb 13, 2020
2.3
2.3%
Mr. Dawson joined one of the Columbia Management legacy firms or acquired business lines in 2004. Mr. Dawson began his investment career in 1996 and earned a B.A. in Economics from Bucknell University and an M.B.A. with concentrations in Finance and Accounting from Indiana University.
Shannon Rinehart
Start Date
Tenure
Tenure Rank
Feb 01, 2022
0.33
0.3%
Ms. Rinehart joined the Investment Manager in 2009. Ms. Rinehart began her investment career in 2004 and earned a B.S.B.A. from Drake University and an M.B.A. from the University of Minnesota Carlson School of Management.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 28.77 | 6.16 | 2.41 |
