- What does NMIAX invest in?
- The fund aims to generate a total return, before factoring in fees and expenses, that outpaces the performance of the S&P 500® Index. Its strategy involves committing at least 80% of its net assets (inclusive of any borrowed funds for investment purposes) to equities included in the S&P 500 Index, convertible bonds that can be exchanged for these index components, or derivative instruments structured to replicate the returns of the index or its individual constituents. The portfolio manager actively manages the fund's holdings, adjusting both the quantity and proportion of investments, in an ongoing effort to secure superior returns compared to the index and to mitigate the risk of underperformance over time.
- What is the expense ratio of NMIAX?
- Columbia Large Cap Enhanced Core Fund Class A (NMIAX) charges an expense ratio of 0.83%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is NMIAX?
- Columbia Large Cap Enhanced Core Fund Class A (NMIAX) manages $483.9M 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 NMIAX actively managed or an index fund?
- NMIAX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (NMIAX's is 0.83%) because there's no security selection cost.
- When was NMIAX launched?
- Columbia Large Cap Enhanced Core Fund Class A (NMIAX) launched in July 1996 and is managed by the fund issuer.
- How has NMIAX performed?
- NMIAX'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.
