1 / 5 Stars
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Zacks Investment Research
Standard & Poor's
U.S. News evaluated 22 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 -10.01 percent over the past year, -2.87 percent over the past three years, and -1.42 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-2.8%|
|3 Years (Annualized)||-2.9%|
|5 Years (Annualized)||-1.4%|
|10 Years (Annualized)||N/A|
The investment seeks positive absolute return. The fund normally invests at least 80% of its net assets in short-duration debt obligations and forward foreign currency contracts. Its investment in short-duration debt obligations consists primarily of (i) shares of an affiliated money market fund, and (ii) U.S. dollar denominated non-government, corporate and structured debt securities rated investment grade. A small portion of the fund's portfolio may consist of U.S. government securities. The fund targets portfolio duration of up to six months but may extend the portfolio duration up to one year.
Fees are High compared to funds in the same category.
Columbia Absolute Return Currency and Income Fund has an expense ratio of 1.48 percent.
Risk is Average compared to funds in the same category according to Morningstar.