Columbia Large Cap Enhanced Core Fund Class A

Frequently Asked Questions About NMIAX

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) is one share class of a fund that manages $513.1M across all of its share classes (NMIMX reports the same total). Our data does not carry the assets of this share class alone. 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 actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (NMIAX's is 0.83%) in exchange for the discretion to over- or under-weight positions.

When was NMIAX launched?

Columbia Large Cap Enhanced Core Fund Class A (NMIAX) launched in July 1996 and is managed by Columbia Threadneedle.

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.