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Columbia Convertible Securities Fund
mutual fund
PACIX
Payout Change
Pending
Price as of:
$21.39
+0.04
+0.19%
primary theme
Convertible Bond
PACIX (Mutual Fund)
Columbia Convertible Securities Fund
Payout Change
Pending
Price as of:
$21.39
+0.04
+0.19%
primary theme
Convertible Bond
PACIX (Mutual Fund)
Columbia Convertible Securities Fund
Payout Change
Pending
Price as of:
$21.39
+0.04
+0.19%
primary theme
Convertible Bond
Name
As of 11/01/2024Price
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
7.2%
1 yr return
17.7%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
9.3%
Net Assets
$1.18 B
Holdings in Top 10
17.6%
52 WEEK LOW AND HIGH
$21.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.91%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 92.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
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
PACIX - Profile
Distributions
- YTD Total Return 7.2%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return 9.3%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.83%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameColumbia Convertible Securities Fund
-
Fund Family NameColumbia Funds Complex
-
Inception DateSep 25, 1987
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerYan Jin
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 convertible securities. The Fund may invest up to 15% of its total assets in Eurodollar convertible securities and up to an additional 20% of its total assets in foreign securities. Most convertible securities are not investment grade-rated. Convertible securities rated below investment grade may be referred to as “junk bonds.” The Fund also may invest directly in equity securities.
The Fund looks for opportunities to participate in the potential growth of underlying common stocks, while seeking to earn income that is generally higher than the income those stocks provide. The Fund may sell common stocks short against positions in which the Fund has directly invested in convertible securities with no more than 10% of its assets.The Fund may from time to time emphasize one or more economic sectors in selecting its investments, including the information technology sector.
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.
PACIX - Performance
Return Ranking - Trailing
| Period | PACIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.2% | -4.1% | 11.8% | 83.12% |
| 1 Yr | 17.7% | 3.0% | 21.7% | 53.25% |
| 3 Yr | -2.5%* | -18.0% | 2.2% | 56.58% |
| 5 Yr | 9.3%* | -7.1% | 11.6% | 40.28% |
| 10 Yr | 8.5%* | -1.0% | 10.6% | 18.97% |
* Annualized
Return Ranking - Calendar
| Period | PACIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.0% | -7.7% | 13.1% | 20.51% |
| 2022 | -26.9% | -37.8% | -12.8% | 85.71% |
| 2021 | -15.3% | -18.9% | 2.4% | 83.12% |
| 2020 | 35.3% | 5.9% | 54.0% | 35.62% |
| 2019 | 18.3% | 9.9% | 24.4% | 38.36% |
Total Return Ranking - Trailing
| Period | PACIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.2% | -4.1% | 11.8% | 83.12% |
| 1 Yr | 17.7% | 3.0% | 21.7% | 53.25% |
| 3 Yr | -2.5%* | -18.0% | 2.2% | 56.58% |
| 5 Yr | 9.3%* | -7.1% | 11.6% | 40.28% |
| 10 Yr | 8.5%* | -1.0% | 10.6% | 18.97% |
* Annualized
Total Return Ranking - Calendar
| Period | PACIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.9% | -7.7% | 15.3% | 14.10% |
| 2022 | -19.6% | -37.8% | -10.6% | 61.04% |
| 2021 | 3.9% | -12.2% | 11.3% | 55.84% |
| 2020 | 47.9% | 8.7% | 64.4% | 30.14% |
| 2019 | 26.1% | 12.2% | 28.7% | 17.81% |
NAV & Total Return History
PACIX - Holdings
Concentration Analysis
| PACIX | Category Low | Category High | PACIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.18 B | 14.8 M | 3.69 B | 33.33% |
| Number of Holdings | 114 | 42 | 381 | 41.03% |
| Net Assets in Top 10 | 208 M | 3.92 M | 584 M | 33.33% |
| Weighting of Top 10 | 17.62% | 9.5% | 49.4% | 80.77% |
Top 10 Holdings
- Bank of America Corp 2.08%
- BILL.COM HOLDINGS INC 2.07%
- ON SEMICONDUCTOR CORPORATION 1.92%
- NextEra Energy Inc 1.90%
- WELLTOWER OP LLC 1.68%
- LUMENTUM HOLDINGS INC 1.67%
- DEXCOM INC 1.65%
- CARNIVAL CORP 1.58%
- AKAMAI TECHNOLOGIES INC 1.54%
- UBER TECHNOLOGIES INC 1.54%
Asset Allocation
| Weighting | Return Low | Return High | PACIX % Rank | |
|---|---|---|---|---|
| Bonds | 90.88% | 0.00% | 98.77% | 23.08% |
| Convertible Bonds | 74.66% | 37.15% | 99.72% | 65.38% |
| Preferred Stocks | 7.05% | 0.00% | 22.50% | 66.67% |
| Cash | 1.79% | -78.94% | 7.59% | 79.49% |
| Stocks | 0.27% | 0.00% | 23.09% | 43.59% |
| Other | 0.00% | -17.11% | 5.40% | 84.62% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PACIX % Rank | |
|---|---|---|---|---|
| Utilities | 50.02% | 0.00% | 100.00% | 76.06% |
| Technology | 23.73% | 0.00% | 23.73% | 7.04% |
| Energy | 13.89% | 0.00% | 40.56% | 26.76% |
| Healthcare | 6.94% | 0.00% | 20.31% | 46.48% |
| Real Estate | 4.60% | 0.00% | 27.87% | 12.68% |
| Consumer Cyclical | 0.82% | 0.00% | 24.79% | 26.76% |
| Industrials | 0.00% | 0.00% | 23.08% | 90.14% |
| Financial Services | 0.00% | 0.00% | 20.48% | 87.32% |
| Communication Services | 0.00% | 0.00% | 100.00% | 87.32% |
| Consumer Defense | 0.00% | 0.00% | 25.78% | 88.73% |
| Basic Materials | 0.00% | 0.00% | 24.08% | 88.73% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PACIX % Rank | |
|---|---|---|---|---|
| US | 0.27% | 0.00% | 22.42% | 38.46% |
| Non US | 0.00% | 0.00% | 1.55% | 88.46% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PACIX % Rank | |
|---|---|---|---|---|
| Corporate | 98.73% | 91.11% | 100.00% | 35.90% |
| Cash & Equivalents | 1.29% | 0.00% | 7.86% | 78.21% |
| Derivative | 0.00% | 0.00% | 0.49% | 82.05% |
| Securitized | 0.00% | 0.00% | 0.00% | 82.05% |
| Municipal | 0.00% | 0.00% | 0.00% | 82.05% |
| Government | 0.00% | 0.00% | 2.94% | 84.62% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PACIX % Rank | |
|---|---|---|---|---|
| US | 90.88% | 0.00% | 98.77% | 19.23% |
| Non US | 0.00% | 0.00% | 17.05% | 84.62% |
PACIX - Expenses
Operational Fees
| PACIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.91% | 0.20% | 2.87% | 70.51% |
| Management Fee | 0.77% | 0.20% | 1.00% | 80.77% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 53.19% |
| Administrative Fee | N/A | 0.04% | 0.15% | 49.33% |
Sales Fees
| PACIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 2.25% | 5.75% | 18.75% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PACIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| PACIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 92.00% | 30.00% | 154.00% | 72.86% |
PACIX - Distributions
Dividend Yield Analysis
| PACIX | Category Low | Category High | PACIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.00% | 0.00% | 4.30% | 34.62% |
Dividend Distribution Analysis
| PACIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| PACIX | Category Low | Category High | PACIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.83% | -3.72% | 3.69% | 23.38% |
Capital Gain Distribution Analysis
| PACIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 20, 2024 | $0.107 | OrdinaryDividend |
| Mar 20, 2024 | $0.118 | OrdinaryDividend |
| Dec 13, 2023 | $0.124 | OrdinaryDividend |
| Sep 21, 2023 | $0.106 | OrdinaryDividend |
| Jun 21, 2023 | $0.149 | OrdinaryDividend |
| Mar 20, 2023 | $0.133 | OrdinaryDividend |
| Dec 13, 2022 | $0.131 | OrdinaryDividend |
| Sep 21, 2022 | $0.072 | OrdinaryDividend |
| Jun 21, 2022 | $1.569 | OrdinaryDividend |
| Mar 18, 2022 | $0.062 | OrdinaryDividend |
| Dec 14, 2021 | $0.054 | OrdinaryDividend |
| Dec 14, 2021 | $0.135 | CapitalGainShortTerm |
| Dec 14, 2021 | $3.024 | CapitalGainLongTerm |
| Sep 21, 2021 | $0.057 | OrdinaryDividend |
| Jun 18, 2021 | $0.037 | OrdinaryDividend |
| Jun 18, 2021 | $0.680 | CapitalGainShortTerm |
| Jun 18, 2021 | $1.614 | CapitalGainLongTerm |
| Mar 18, 2021 | $0.067 | OrdinaryDividend |
| Dec 11, 2020 | $1.371 | OrdinaryDividend |
| Sep 22, 2020 | $0.048 | OrdinaryDividend |
| Jun 17, 2020 | $0.808 | OrdinaryDividend |
| Mar 20, 2020 | $0.118 | OrdinaryDividend |
| Dec 13, 2019 | $0.144 | OrdinaryDividend |
| Dec 13, 2019 | $0.277 | CapitalGainShortTerm |
| Dec 13, 2019 | $0.444 | CapitalGainLongTerm |
| Sep 20, 2019 | $0.124 | OrdinaryDividend |
| Jun 17, 2019 | $0.122 | OrdinaryDividend |
| Jun 17, 2019 | $0.015 | CapitalGainShortTerm |
| Jun 17, 2019 | $0.162 | CapitalGainLongTerm |
| Mar 20, 2019 | $0.109 | OrdinaryDividend |
| Dec 13, 2018 | $0.106 | OrdinaryDividend |
| Dec 13, 2018 | $0.010 | CapitalGainShortTerm |
| Dec 13, 2018 | $0.578 | CapitalGainLongTerm |
| Sep 21, 2018 | $0.102 | OrdinaryDividend |
| Jun 21, 2018 | $0.099 | OrdinaryDividend |
| Mar 21, 2018 | $0.097 | OrdinaryDividend |
| Dec 13, 2017 | $0.152 | OrdinaryDividend |
| Sep 21, 2017 | $0.138 | OrdinaryDividend |
| Jun 22, 2017 | $0.128 | OrdinaryDividend |
| Mar 22, 2017 | $0.129 | OrdinaryDividend |
| Dec 14, 2016 | $0.190 | OrdinaryDividend |
| Sep 22, 2016 | $0.121 | OrdinaryDividend |
| Jun 23, 2016 | $0.069 | OrdinaryDividend |
| Mar 23, 2016 | $0.036 | OrdinaryDividend |
| Dec 14, 2015 | $0.369 | OrdinaryDividend |
| Dec 14, 2015 | $0.461 | CapitalGainLongTerm |
| Sep 22, 2015 | $0.128 | OrdinaryDividend |
| Jun 22, 2015 | $0.128 | OrdinaryDividend |
| Jun 22, 2015 | $0.047 | CapitalGainShortTerm |
| Jun 22, 2015 | $0.362 | CapitalGainLongTerm |
| Mar 20, 2015 | $0.128 | OrdinaryDividend |
| Dec 10, 2014 | $0.111 | OrdinaryDividend |
| Dec 10, 2014 | $0.104 | CapitalGainShortTerm |
| Dec 10, 2014 | $0.198 | CapitalGainLongTerm |
| Sep 24, 2014 | $0.128 | OrdinaryDividend |
| Jun 24, 2014 | $0.098 | OrdinaryDividend |
| Jun 24, 2014 | $0.163 | CapitalGainLongTerm |
| Mar 21, 2014 | $0.090 | OrdinaryDividend |
| Dec 09, 2013 | $0.112 | OrdinaryDividend |
| Sep 20, 2013 | $0.091 | OrdinaryDividend |
| Jun 21, 2013 | $0.110 | OrdinaryDividend |
| Mar 20, 2013 | $0.071 | OrdinaryDividend |
| Dec 11, 2012 | $0.122 | OrdinaryDividend |
| Sep 25, 2012 | $0.110 | OrdinaryDividend |
| Jun 22, 2012 | $0.123 | OrdinaryDividend |
| Mar 23, 2012 | $0.094 | OrdinaryDividend |
| Dec 09, 2011 | $0.121 | OrdinaryDividend |
| Sep 26, 2011 | $0.111 | OrdinaryDividend |
| Jun 22, 2011 | $0.105 | OrdinaryDividend |
| Mar 24, 2011 | $0.080 | OrdinaryDividend |
| Dec 10, 2010 | $0.132 | OrdinaryDividend |
| Sep 24, 2010 | $0.150 | OrdinaryDividend |
| Jun 22, 2010 | $0.129 | OrdinaryDividend |
| Mar 24, 2010 | $0.078 | OrdinaryDividend |
| Dec 10, 2009 | $0.103 | OrdinaryDividend |
| Sep 24, 2009 | $0.078 | OrdinaryDividend |
| Jun 22, 2009 | $0.093 | OrdinaryDividend |
| Mar 25, 2009 | $0.062 | OrdinaryDividend |
| Dec 11, 2008 | $0.082 | OrdinaryDividend |
| Sep 25, 2008 | $0.084 | OrdinaryDividend |
| Jun 25, 2008 | $0.084 | OrdinaryDividend |
| Jun 25, 2008 | $0.003 | CapitalGainShortTerm |
| Jun 25, 2008 | $0.225 | CapitalGainLongTerm |
| Mar 26, 2008 | $0.055 | OrdinaryDividend |
| Dec 12, 2007 | $0.115 | OrdinaryDividend |
| Dec 12, 2007 | $0.057 | CapitalGainShortTerm |
| Dec 12, 2007 | $1.001 | CapitalGainLongTerm |
| Sep 25, 2007 | $0.094 | OrdinaryDividend |
| Jun 26, 2007 | $0.096 | OrdinaryDividend |
| Jun 26, 2007 | $0.068 | CapitalGainShortTerm |
| Jun 26, 2007 | $0.262 | CapitalGainLongTerm |
| Mar 27, 2007 | $0.079 | OrdinaryDividend |
| Dec 13, 2006 | $0.123 | OrdinaryDividend |
| Dec 13, 2006 | $0.101 | CapitalGainShortTerm |
| Dec 13, 2006 | $0.835 | CapitalGainLongTerm |
| Sep 26, 2006 | $0.099 | OrdinaryDividend |
| Jun 27, 2006 | $0.022 | OrdinaryDividend |
| Jun 27, 2006 | $0.256 | CapitalGainShortTerm |
| Jun 27, 2006 | $0.605 | CapitalGainLongTerm |
| Mar 28, 2006 | $0.090 | OrdinaryDividend |
| Sep 28, 2005 | $0.104 | OrdinaryDividend |
PACIX - Fund Manager Analysis
Managers
Yan Jin
Start Date
Tenure
Tenure Rank
Mar 17, 2006
16.22
16.2%
Yan Jin is a vice president and senior portfolio manager of income strategies with Columbia Threadneedle Investments. Mr. Jin joined one of the Columbia Threadneedle Investments legacy firms in 2002. Previously, Mr. Jin was employed as assistant vice president and risk analyst for Lincoln Investment Management. He has been a member of the investment community since 1998. Mr. Jin received an M.A. in economics from North Carolina State University.
David King
Start Date
Tenure
Tenure Rank
Apr 06, 2010
12.16
12.2%
David King is a senior portfolio manager with the Asset Allocation Team at Columbia Threadneedle Investments. Mr. King joined one of the Columbia Threadneedle Investments firms in 2010. Previously, Mr. King was a senior portfolio manager at Putnam Investments. Prior to that, he held various other roles during his 25 years at Putnam, beginning as an equity research analyst and including associate director of equity research. Prior to Putnam, he worked briefly at Drexel Burnham Lambert and Citibank, NA. Mr. King began his career at Manufacturers Hanover Trust (now JPMorgan Chase) in 1978. He has been a member of the investment community since 1983. Mr. King recieved a B.S. in administration, summa cum laude, from the University of New Hampshire and an MBA from Harvard Business School. In addition, he holds the Chartered Financial Analyst designation.
Grace Lee
Start Date
Tenure
Tenure Rank
Oct 01, 2020
1.66
1.7%
Ms. Lee joined the Investment Manager in 2014. Ms. Lee began her investment career in 1996 and earned a bachelor’s degree in political science and economics from Stanford University and an M.B.A. from Harvard Business School
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.25 | 36.97 | 10.27 | 7.42 |
