About CHMYX
Columbia High Yield Bond Fund Institutional 2 Class is a mutual fund specializing in the fixed income market, with a primary focus on high yield, or "junk," corporate bonds issued by U.S. companies. Its objective is to generate income and capital appreciation by investing in bonds that are below investment grade, generally rated BB or lower by major credit agencies. This fund employs a research-driven and diversified approach, actively managing credit risk across various industries such as energy, healthcare, and consumer services. Notable characteristics include a relatively low asset concentration in its top holdings compared to category averages and an effective duration aimed at balancing yield with interest rate sensitivity. The fund uses the BofA Merrill Lynch U.S. Cash Pay High Yield Constrained Index as a benchmark, reflecting its commitment to track and potentially outperform the broader high yield market. Columbia High Yield Bond Fund Institutional 2 Class is designed for institutional investors seeking exposure to higher risk, higher yield segments of the U.S. bond market, playing a key role in diversified fixed income portfolios by enhancing income potential while accepting increased credit risk.
Fund Family Columbia Threadneedle
Category High Yield Muni
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol CHMYX
Share Class Institutional 2 Class
Index Index is not available on Lipper Database
CHMYX had a total return of 4.28% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.12%.
