About CDAZX
Columbia Funds Series Trust I - Multi-Manager Directional Alternative Strategies Fund Institutional Class is an open-end mutual fund that seeks long-term capital appreciation by leveraging a multi-manager approach. The fund allocates assets across various investment managers, each employing distinct investment styles and strategies such as fundamental (bottom-up), macroeconomic (top-down), and quantitative analysis. It invests globally in both equity and fixed income markets, utilizing a long/short strategy for equities and employing derivatives—including futures, options, forwards, and swaps—to express tactical views and manage risk. The fund's portfolio targets aggressive growth, value, and momentum stocks, spanning a diverse range of market capitalizations and sectors. For its fixed income exposure, it invests in U.S. government and other high-quality debt securities, often through derivatives. Designed to act as a diversifier within a broader portfolio, this fund seeks to generate returns less correlated to traditional equity markets by benchmarketing its performance against indices like the HFRX Equity Hedge Index and MSCI World Index. Its high turnover and expense ratio reflect an active, opportunistic style, making it notable within the long-short equity category for institutional investors looking for alternative strategies.
Fund Family Columbia Threadneedle
Category Alt Multi-Strategy
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol CDAZX
Share Class Institutional Class
Index Index is not available on Lipper Database
CDAZX had a total return of 14.56% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.78%.
