4 / 5 Stars
5 5 4 3 3
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
4 / 5 Stars
#135 in Large Blend
U.S. News evaluated 486 Large Blend Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
22.43 percent over the past year, 14.14 percent over the past three years, 20.73 percent over the past five years, and 8.81 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-3.9%|
|3 Years (Annualized)||14.1%|
|5 Years (Annualized)||20.7%|
|10 Years (Annualized)||8.8%|
Columbia Contrarian Core has been remarkably flexible lately.
As of February 05, 2014, the fund has assets totaling almost $3.82 billion invested in 81 different holdings. Its portfolio consists primarily of shares of large companies.
This fund has found its way to the top of the pack in three very different market cycles. In 2008, management did a fine job of playing defense. By limiting losses, the fund landed in the top quarter of Morningstar's large-blend category. While funds that got hit the hardest during the downturn were often the ones to rake in the highest returns in 2009, this fund fully participated in the rally, surpassing the broader market by upwards of 10 percentage points. And during last year's touch-and-go market that culminated in an end-of-the-year rally, the fund was, once again, successfully positioned. As of the end of 2010, the fund's trailing three-year returns landed it in the top 6 percent of its Morningstar category. Lately, this fund has been focusing on some of the world's biggest names. Mega-companies such as Apple, ExxonMobil, IBM, and Microsoft all occupy prominent spots in its portfolio. But in an annual report released at the end of last year, management indicated a desire to lower the fund's average market capitalization. The fund has returned 22.43 percent over the past year and 14.14 percent over the past three years.
Toward the beginning of the 2000s, this fund struggled to find its footing. In 2002, 2003, and 2004, for instance, it finished each year in the bottom 20 percent of its Morningstar category. These rough years are still reflected in the fund's long-term numbers. Since manager Guy Pope came on board in 2005, however, the fund has been remarkably stable. The fund has returned 20.73 percent over the past five years and 8.81 percent over the past decade.
According to the fund's prospectus: "The Adviser combines fundamental and quantitative analysis with risk management in identifying investment opportunities and constructing the Fund's portfolio. The Adviser considers, among other factors ... various measures of valuation, including price-to-cash flow, price-to-earnings, price-to-sales, and price-to-book value. The Adviser believes that companies with lower valuations are generally more likely to provide opportunities for capital appreciation."
Role in Portfolio
This fund could lend support to a well-balanced portfolio.
Guy Pope manages the fund.
Columbia Contrarian Core Fund has an expense ratio of 1.14 percent.
Like all stock funds, this one comes with some risks.