- What does PACIX invest in?
- 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. It 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. The fund also may invest directly in equity securities.
- What is the expense ratio of PACIX?
- Columbia Convertible Securities Fund Class A (PACIX) charges an expense ratio of 1.08%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is PACIX?
- Columbia Convertible Securities Fund Class A (PACIX) manages $1.83B 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 PACIX actively managed or an index fund?
- PACIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was PACIX launched?
- Columbia Convertible Securities Fund Class A (PACIX) launched in September 1987 and is managed by the fund issuer.
- How has PACIX performed?
- PACIX'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.
