Columbia Large Cap Enhanced Core Fund

Frequently Asked Questions About NMIMX

What does NMIMX invest in?

This fund dedicates a minimum of 80% of its overall assets (inclusive of any borrowed capital used for investment) to equity securities within the S&P 500 Index, convertible debt instruments exchangeable for S&P 500 stocks, or financial derivatives structured to replicate the index's performance or that of its individual elements. The portfolio manager proactively adjusts the quantity and proportion of these investments, aiming to both generate superior returns compared to the S&P 500 and mitigate the risk of underperforming the index over an extended period.

What is the expense ratio of NMIMX?

Columbia Large Cap Enhanced Core Fund (NMIMX) charges an expense ratio of 0.58%. This is the annual fee deducted from fund assets to cover management and operations.

How big is NMIMX?

Columbia Large Cap Enhanced Core Fund (NMIMX) manages $505.1M 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 NMIMX actively managed or an index fund?

NMIMX 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 (NMIMX's is 0.58%) because there's no security selection cost.

When was NMIMX launched?

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

How has NMIMX performed?

NMIMX'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.