Columbia Mortgage Opportunities Fund Class A

Frequently Asked Questions About CLMAX

What does CLMAX invest in?

Ordinarily, this fund allocates a minimum of 80% of its overall capital, including any borrowed funds utilized for investment, to assets associated with mortgages. It retains the discretion to acquire debt instruments across all maturity ranges and does not aim to uphold a specific dollar-weighted average maturity or a predetermined duration.

What is the expense ratio of CLMAX?

Columbia Mortgage Opportunities Fund Class A (CLMAX) charges an expense ratio of 1.04%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CLMAX?

Columbia Mortgage Opportunities Fund Class A (CLMAX) manages $2.46B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is CLMAX actively managed or an index fund?

CLMAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (CLMAX's is 1.04%) in exchange for the discretion to over- or under-weight positions.

When was CLMAX launched?

Columbia Mortgage Opportunities Fund Class A (CLMAX) launched in May 2014 and is managed by Columbia Threadneedle.

How has CLMAX performed?

CLMAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.