Columbia Convertible Securities Fund Institutional Class (NCIAX)
| Fund Assets | 1.16B |
| Expense Ratio | 0.83% |
| Min. Investment | $0.00 |
| Turnover | 108.00% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 2.02% |
| Dividend Growth | -3.48% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 20, 2025 |
| Previous Close | 23.75 |
| YTD Return | 10.09% |
| 1-Year Return | 16.23% |
| 5-Year Return | 43.44% |
| 52-Week Low | 19.84 |
| 52-Week High | 23.90 |
| Beta (5Y) | 0.72 |
| Holdings | 122 |
| Inception Date | May 21, 1999 |
About NCIAX
The Columbia Convertible Securities Fund Institutional Class is a mutual fund focused on delivering a high total return through a blend of capital appreciation and current income. Its primary strategy is to invest at least 80% of its net assets in convertible securities—financial instruments that possess both equity and fixed-income characteristics. These typically include convertible bonds, which can be exchanged for a company's stock, allowing the fund to benefit from potential equity upside while mitigating risk through fixed interest payments. The fund also has the flexibility to invest up to 15% of assets in Eurodollar convertible securities and up to 20% in foreign securities, providing additional diversification beyond the U.S. market. The fund employs a mix of fundamental and quantitative analysis, seeking strong risk-adjusted returns over the long term. Holdings are chosen based on the characteristics and conversion features of each security, as well as comprehensive assessments of issuer financials and market conditions. Serving as a complement to traditional equity income allocations, this fund targets investors seeking exposure to both the income potential of bonds and the growth opportunities of stocks, playing a unique and valuable role within the convertible securities segment of the market.
Performance
NCIAX had a total return of 16.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.23%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIQVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class Z | 0.60% |
| FTCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class M | 1.24% |
| FCCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class C | 1.76% |
| FICVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class I | 0.72% |
| FACVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class A | 0.99% |
Top 10 Holdings
21.32% of assets| Name | Symbol | Weight |
|---|---|---|
| MicroStrategy Incorporated 0% | MSTR.0 12.01.29 | 3.67% |
| Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | BAC.7.25 PERP L | 2.59% |
| Columbia Short-Term Cash | n/a | 2.58% |
| Live Nation Entertainment, Inc. 2.875% | LYV.2.875 01.15.30 | 2.48% |
| Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A | BA.6 10.15.27 | 2.07% |
| NCL Corporation Ltd. 0.875% | NCLH.0.875 04.15.30 | 1.86% |
| Lumentum Holdings Inc. 0.5% | LITE.0.5 06.15.28 | 1.79% |
| Welltower OP LLC 3.125% | WELL.3.125 07.15.29 | 1.62% |
| Barclays Bank plc 1% | BACR.1 02.16.29 MSFT | 1.41% |
| Parsons Corporation 2.625% | PSN.2.625 03.01.29 | 1.25% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 20, 2025 | $0.12053 | Jun 20, 2025 |
| Mar 20, 2025 | $0.11015 | Mar 20, 2025 |
| Dec 12, 2024 | $0.12304 | Dec 12, 2024 |
| Sep 20, 2024 | $0.12006 | Sep 20, 2024 |
| Jun 21, 2024 | $0.10536 | Jun 21, 2024 |
| Mar 20, 2024 | $0.13097 | Mar 20, 2024 |