1 / 5 Stars
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Zacks Investment Research
Standard & Poor's
U.S. News evaluated 21 Multicurrency Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -4.14 percent over the past year, -2.21 percent over the past three years, and -0.83 percent over the past five years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||1.7%|
|3 Years (Annualized)||-2.2%|
|5 Years (Annualized)||-0.8%|
|10 Years (Annualized)||N/A|
The investment seeks positive absolute return. The fund normally invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in short-duration debt obligations (or securities that invest in such debt obligations, including an affiliated money market fund) and forward foreign currency contracts. In pursuit of the fund's objective, to provide absolute return, the adviser seeks to generate positive total returns from the income produced by the short-term debt obligations, plus (minus) the gain (loss) resulting from fluctuations in the values of various foreign currencies relative to the U.S. dollar.
Fees are Low compared to funds in the same category.
Columbia Absolute Return Currency and Income Fund has an expense ratio of 2.23 percent.
Risk is Average compared to funds in the same category according to Morningstar.