Tri-Continental Corporation

Frequently Asked Questions About TY

What does TY invest in?

The Tri-Continental Corporation operates as a closed-end equity mutual fund, managed by Columbia Management Investment Advisers, LLC. Its core strategy involves investing in publicly traded large-capitalization companies spanning various sectors within the United States equity markets. The fund's investment performance is benchmarked against the S&P 500 Index. Established in January 1929, it is legally domiciled in the United States.

What is the expense ratio of TY?

Tri-Continental Corporation (TY) charges an expense ratio of 0.46%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TY?

Tri-Continental Corporation (TY) manages $1.84B 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 TY actively managed or an index fund?

TY 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 (TY's is 0.46%) because there's no security selection cost.

When was TY launched?

Tri-Continental Corporation (TY) launched in March 1980 and is managed by the fund issuer.

How has TY performed?

TY'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.