Columbia Convertible Securities Fund Class A

Frequently Asked Questions About PACIX

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 1.09%. 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 $1.72B 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 is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PACIX's is 1.09%) in exchange for the discretion to over- or under-weight positions.

When was PACIX launched?

Columbia Convertible Securities Fund Class A (PACIX) launched in September 1987 and is managed by Columbia Threadneedle.

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.