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Columbia Mortgage Opportunities Fund
mutual fund
CMOYX
Payout Change
Pending
Price as of:
$8.06
+0.02
+0.25%
primary theme
Bond Sector Diversified
CMOYX (Mutual Fund)
Columbia Mortgage Opportunities Fund
Payout Change
Pending
Price as of:
$8.06
+0.02
+0.25%
primary theme
Bond Sector Diversified
CMOYX (Mutual Fund)
Columbia Mortgage Opportunities Fund
Payout Change
Pending
Price as of:
$8.06
+0.02
+0.25%
primary theme
Bond Sector Diversified
Name
As of 12/20/2024Price
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
4.7%
1 yr return
5.1%
3 Yr Avg Return
-2.7%
5 Yr Avg Return
1.3%
Net Assets
$2.35 B
Holdings in Top 10
104.2%
52 WEEK LOW AND HIGH
$8.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.81%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 496.00%
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 12/20/2024Price
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
CMOYX - Profile
Distributions
- YTD Total Return 4.7%
- 3 Yr Annualized Total Return -2.7%
- 5 Yr Annualized Total Return 1.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.92%
- Dividend Yield 5.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameColumbia Mortgage Opportunities Fund
-
Fund Family NameColumbia Funds Complex
-
Inception DateMar 01, 2017
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJason Callan
Fund Description
Under normal circumstances, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in mortgage-related assets. Mortgage-related assets include, but are not limited to, long and short positions in mortgage-related securities that are either issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities, mortgage-related securities issued by non-U.S. governments, and residential and commercial mortgage-backed securities issued by non-governmental entities, all of which may be represented by derivatives such as forward contracts, options, futures or swap agreements. Mortgage-related securities that either are issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities include Government National Mortgage Association (GNMA or Ginnie Mae) mortgage-backed bonds, which are backed by the full faith and credit of the U.S. Government; and Federal National Mortgage Association (FNMA or Fannie Mae) and Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) mortgage-backed bonds. FNMA and FHLMC are chartered or sponsored by Acts of Congress; however, their securities are neither issued nor guaranteed by the U.S. Treasury or backed by the full faith and credit of the U.S. Government. The Fund’s investments in mortgage-related securities include investments in stripped mortgage-backed securities such as interest-only (IO), principal-only (PO) and inverse interest-only (IIO) securities. The
Fund seeks to generate positive absolute total returns over complete market cycles by investing principally in mortgage-related assets as well as other types of fixed-income securities and instruments such as asset-backed securities. A complete market cycle can be measured from market peak to peak or from market trough to trough.
The Fund may invest in debt instruments of any maturity and does not seek to maintain either a particular dollar-weighted average maturity or a particular duration.
The Fund may invest in derivatives, such as futures (including interest rate futures) to manage interest rate exposure, swaps (including credit default swaps, interest rate swaps and total return swaps) to manage credit and interest rate exposure, options on swaps (commonly known as swaptions) to manage interest rate exposure and options on futures to hedge existing positions. The Fund’s use of derivatives may result in leverage (market exposure in excess of the Fund’s assets). 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 to meet its segregation obligations as a result of its investments in derivatives. The Fund may also engage in short sales.
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 also engage in repurchase agreements.
The Fund may invest 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 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’s investment strategy may involve the frequent trading of portfolio securities.
CMOYX - Performance
Return Ranking - Trailing
| Period | CMOYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.7% | -14.3% | 18.7% | 73.84% |
| 1 Yr | 5.1% | -13.8% | 19.7% | 61.92% |
| 3 Yr | -2.7%* | -17.0% | 13.3% | 92.70% |
| 5 Yr | 1.3%* | -15.1% | 13.1% | 73.21% |
| 10 Yr | N/A* | -7.0% | 6.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CMOYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.5% | -12.0% | 8.9% | 79.75% |
| 2022 | -22.7% | -31.8% | 18.4% | 95.25% |
| 2021 | 0.9% | -16.2% | 25.7% | 13.11% |
| 2020 | 2.7% | -31.1% | 18.7% | 39.57% |
| 2019 | 1.9% | -6.1% | 15.3% | 82.08% |
Total Return Ranking - Trailing
| Period | CMOYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.7% | -14.3% | 18.7% | 73.84% |
| 1 Yr | 5.1% | -13.8% | 19.7% | 61.92% |
| 3 Yr | -2.7%* | -17.0% | 13.3% | 92.70% |
| 5 Yr | 1.3%* | -15.1% | 13.1% | 73.21% |
| 10 Yr | N/A* | -7.0% | 6.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CMOYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.0% | -6.9% | 22.2% | 68.62% |
| 2022 | -17.7% | -31.8% | 21.1% | 96.20% |
| 2021 | 5.4% | -13.5% | 49.9% | 11.80% |
| 2020 | 9.3% | -28.6% | 24.1% | 11.59% |
| 2019 | 6.5% | -4.8% | 19.1% | 73.60% |
NAV & Total Return History
CMOYX - Holdings
Concentration Analysis
| CMOYX | Category Low | Category High | CMOYX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.35 B | 2.63 M | 143 B | 27.71% |
| Number of Holdings | 414 | 4 | 9638 | 54.60% |
| Net Assets in Top 10 | 2.44 B | -204 M | 89.4 B | 5.30% |
| Weighting of Top 10 | 104.17% | 5.8% | 265.8% | 2.20% |
Top 10 Holdings
- UMBS 30YR TBA(REG A) 20.87%
- UMBS 30YR TBA(REG A) 17.71%
- UMBS 30YR TBA(REG A) 15.84%
- UMBS 30YR TBA(REG A) 11.29%
- UMBS 30YR TBA(REG A) 11.05%
- GNMA2 30YR TBA(REG C) 10.03%
- COLUMBIA SHORT TERM CASH FUND 7.67%
- UMBS 30YR TBA(REG A) 4.43%
- FHLMC 30YR UMBS 3.79%
- FNMA 30YR UMBS SUPER 1.50%
Asset Allocation
| Weighting | Return Low | Return High | CMOYX % Rank | |
|---|---|---|---|---|
| Bonds | 176.69% | 0.00% | 199.60% | 1.25% |
| Cash | 7.67% | -94.66% | 99.97% | 24.34% |
| Other | 3.28% | -75.22% | 147.15% | 49.77% |
| Stocks | 0.00% | -6.18% | 99.68% | 95.79% |
| Preferred Stocks | 0.00% | 0.00% | 21.58% | 96.41% |
| Convertible Bonds | 0.00% | 0.00% | 33.50% | 97.60% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | CMOYX % Rank | |
|---|---|---|---|---|
| Securitized | 90.54% | 0.00% | 99.65% | 2.74% |
| Cash & Equivalents | 7.67% | 0.00% | 94.89% | 21.44% |
| Derivative | 3.28% | -75.22% | 147.15% | 6.73% |
| Corporate | 0.09% | 0.00% | 96.66% | 94.04% |
| Municipal | 0.00% | 0.00% | 54.26% | 94.36% |
| Government | 0.00% | 0.00% | 99.43% | 99.03% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | CMOYX % Rank | |
|---|---|---|---|---|
| US | 176.69% | 0.00% | 199.60% | 1.09% |
| Non US | 0.00% | 0.00% | 74.14% | 95.79% |
CMOYX - Expenses
Operational Fees
| CMOYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.81% | 0.03% | 34.13% | 73.72% |
| Management Fee | 0.64% | 0.00% | 2.29% | 57.74% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 16.23% |
| Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
| CMOYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.50% | N/A |
Trading Fees
| CMOYX 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.
| CMOYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 496.00% | 0.00% | 632.00% | 99.25% |
CMOYX - Distributions
Dividend Yield Analysis
| CMOYX | Category Low | Category High | CMOYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.24% | 0.00% | 23.30% | 20.25% |
Dividend Distribution Analysis
| CMOYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| CMOYX | Category Low | Category High | CMOYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.92% | -1.55% | 11.51% | 9.67% |
Capital Gain Distribution Analysis
| CMOYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 21, 2024 | $0.035 | OrdinaryDividend |
| Oct 25, 2024 | $0.037 | OrdinaryDividend |
| Sep 24, 2024 | $0.041 | OrdinaryDividend |
| Aug 26, 2024 | $0.044 | OrdinaryDividend |
| Jul 24, 2024 | $0.040 | OrdinaryDividend |
| Apr 24, 2024 | $0.043 | OrdinaryDividend |
| Mar 22, 2024 | $0.042 | OrdinaryDividend |
| Feb 23, 2024 | $0.039 | OrdinaryDividend |
| Jan 25, 2024 | $0.041 | OrdinaryDividend |
| Dec 20, 2023 | $0.043 | OrdinaryDividend |
| Oct 25, 2023 | $0.047 | OrdinaryDividend |
| Sep 25, 2023 | $0.047 | OrdinaryDividend |
| Aug 25, 2023 | $0.045 | OrdinaryDividend |
| Jul 25, 2023 | $0.046 | OrdinaryDividend |
| Jun 26, 2023 | $0.045 | OrdinaryDividend |
| May 24, 2023 | $0.044 | OrdinaryDividend |
| Apr 24, 2023 | $0.043 | OrdinaryDividend |
| Mar 27, 2023 | $0.042 | OrdinaryDividend |
| Feb 22, 2023 | $0.044 | OrdinaryDividend |
| Jan 25, 2023 | $0.050 | OrdinaryDividend |
| Dec 20, 2022 | $0.089 | OrdinaryDividend |
| Nov 23, 2022 | $0.053 | OrdinaryDividend |
| Oct 25, 2022 | $0.053 | OrdinaryDividend |
| Sep 26, 2022 | $0.053 | OrdinaryDividend |
| Aug 25, 2022 | $0.048 | OrdinaryDividend |
| Jul 25, 2022 | $0.044 | OrdinaryDividend |
| Jun 24, 2022 | $0.040 | OrdinaryDividend |
| May 24, 2022 | $0.038 | OrdinaryDividend |
| Apr 25, 2022 | $0.037 | OrdinaryDividend |
| Mar 25, 2022 | $0.036 | OrdinaryDividend |
| Feb 22, 2022 | $0.035 | OrdinaryDividend |
| Jan 25, 2022 | $0.035 | OrdinaryDividend |
| Dec 20, 2021 | $0.053 | OrdinaryDividend |
| Dec 20, 2021 | $0.059 | CapitalGainShortTerm |
| Nov 22, 2021 | $0.036 | OrdinaryDividend |
| Oct 25, 2021 | $0.036 | OrdinaryDividend |
| Sep 24, 2021 | $0.036 | OrdinaryDividend |
| Aug 25, 2021 | $0.034 | OrdinaryDividend |
| Jul 26, 2021 | $0.033 | OrdinaryDividend |
| Jun 24, 2021 | $0.028 | OrdinaryDividend |
| May 24, 2021 | $0.029 | OrdinaryDividend |
| Apr 26, 2021 | $0.029 | OrdinaryDividend |
| Mar 25, 2021 | $0.029 | OrdinaryDividend |
| Feb 22, 2021 | $0.033 | OrdinaryDividend |
| Jan 25, 2021 | $0.037 | OrdinaryDividend |
| Dec 14, 2020 | $0.081 | OrdinaryDividend |
| Dec 14, 2020 | $0.163 | CapitalGainShortTerm |
| Dec 14, 2020 | $0.013 | CapitalGainLongTerm |
| Nov 23, 2020 | $0.041 | OrdinaryDividend |
| Oct 26, 2020 | $0.042 | OrdinaryDividend |
| Sep 24, 2020 | $0.039 | OrdinaryDividend |
| Aug 25, 2020 | $0.039 | OrdinaryDividend |
| Jul 24, 2020 | $0.039 | OrdinaryDividend |
| Jun 24, 2020 | $0.034 | OrdinaryDividend |
| May 26, 2020 | $0.030 | OrdinaryDividend |
| Apr 24, 2020 | $0.027 | OrdinaryDividend |
| Mar 25, 2020 | $0.027 | OrdinaryDividend |
| Feb 25, 2020 | $0.029 | OrdinaryDividend |
| Jan 24, 2020 | $0.029 | OrdinaryDividend |
| Dec 17, 2019 | $0.029 | OrdinaryDividend |
| Dec 17, 2019 | $0.047 | CapitalGainShortTerm |
| Dec 17, 2019 | $0.037 | CapitalGainLongTerm |
| Nov 25, 2019 | $0.028 | OrdinaryDividend |
| Oct 25, 2019 | $0.028 | OrdinaryDividend |
| Sep 24, 2019 | $0.029 | OrdinaryDividend |
| Aug 23, 2019 | $0.029 | OrdinaryDividend |
| Jul 25, 2019 | $0.030 | OrdinaryDividend |
| Jun 24, 2019 | $0.030 | OrdinaryDividend |
| May 24, 2019 | $0.030 | OrdinaryDividend |
| Apr 25, 2019 | $0.030 | OrdinaryDividend |
| Mar 25, 2019 | $0.031 | OrdinaryDividend |
| Feb 25, 2019 | $0.031 | OrdinaryDividend |
| Jan 25, 2019 | $0.035 | OrdinaryDividend |
| Dec 13, 2018 | $0.032 | CapitalGainShortTerm |
| Dec 13, 2018 | $0.078 | OrdinaryDividend |
| Nov 26, 2018 | $0.036 | OrdinaryDividend |
| Oct 25, 2018 | $0.035 | OrdinaryDividend |
| Sep 24, 2018 | $0.033 | OrdinaryDividend |
| Aug 24, 2018 | $0.031 | OrdinaryDividend |
| Jul 25, 2018 | $0.031 | OrdinaryDividend |
| Jun 25, 2018 | $0.029 | OrdinaryDividend |
| May 24, 2018 | $0.029 | OrdinaryDividend |
| Apr 25, 2018 | $0.029 | OrdinaryDividend |
| Mar 23, 2018 | $0.029 | OrdinaryDividend |
| Feb 23, 2018 | $0.029 | OrdinaryDividend |
| Jan 25, 2018 | $0.032 | OrdinaryDividend |
| Dec 14, 2017 | $0.335 | CapitalGainShortTerm |
| Dec 14, 2017 | $0.070 | OrdinaryDividend |
| Nov 21, 2017 | $0.033 | OrdinaryDividend |
| Oct 25, 2017 | $0.034 | OrdinaryDividend |
| Sep 25, 2017 | $0.034 | OrdinaryDividend |
| Aug 25, 2017 | $0.033 | OrdinaryDividend |
| Jul 25, 2017 | $0.032 | OrdinaryDividend |
| Jun 23, 2017 | $0.032 | OrdinaryDividend |
| May 24, 2017 | $0.032 | OrdinaryDividend |
| Apr 25, 2017 | $0.031 | OrdinaryDividend |
| Mar 22, 2017 | $0.031 | OrdinaryDividend |
CMOYX - Fund Manager Analysis
Managers
Jason Callan
Start Date
Tenure
Tenure Rank
Apr 30, 2014
8.09
8.1%
Jason Callan is Head of Structured Assets, Head of Core and Core Plus and a Senior Portfolio Manager for multi-sector fixed income at Columbia Threadneedle Investments. He joined Columbia Threadneedle Investments in 2007 as a senior quantitative analyst covering Non-Agency RMBS, was promoted to portfolio manager in 2008, and head of structured assets in 2009 . Mr. Callan assumed multi-sector portfolio management responsibilities in 2016 and became lead portfolio manager on Core and Core Plus strategies in 2017. Mr. Callan is also a co-portfolio manager on the Strategic Income portfolio and a member of the Global Fixed Income Asset Allocation Committee. Previously, Mr. Callan worked at GMAC in their Principal Investments unit as a portfolio manager and an analyst. He has been a member of the investment community, specializing in structured assets, since 2003. Mr. Callan received a B.S. in Economics from the University of Minnesota and an MBA from University of Minnesota’s Carlson School of Management
Thomas Heuer
Start Date
Tenure
Tenure Rank
Apr 30, 2014
8.09
8.1%
Mr. Heuer joined Columbia Management Investment Advisers, LLC in 1993. Mr. Heuer began his investment career in 1993. He earned a B.A. in Accounting from the University of Wisconsin and an M.B.A. with a concentration in Finance from the University of Minnesota. He holds both the Certified Public Accountant designation and the Chartered Financial Analyst designation.
Ryan Osborn
Start Date
Tenure
Tenure Rank
Feb 08, 2019
3.31
3.3%
Mr. Osborn began his investment career in 2004 and earned a B.B.A. from the University of Wisconsin - Madison.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 28.19 | 5.71 | 3.19 |
