About SCIRX
Columbia Seligman Technology and Information Fund Class R is an actively managed mutual fund that focuses on long-term capital appreciation by investing primarily in equity securities of technology and information-related companies. The fund typically allocates at least 80% of its net assets to companies operating within the information technology and communications services sectors, including hardware, software, semiconductor, networking, internet, and related industries. A non-diversified approach allows for concentrated positions, often resulting in a significant portion of the portfolio being allocated to a small number of holdings, with top names frequently including industry leaders such as Broadcom, NVIDIA, Microsoft, and Apple.
Managed by an experienced team with an average tenure of over a decade, the fund may invest up to 25% of its assets in foreign securities, providing modest global exposure. It is structured to suit retirement plans and institutional investors, with no minimum initial investment requirement. The fund’s asset size is substantial, and it maintains an above-average performance record compared to its category peers. By focusing on both established technology giants and innovators, Columbia Seligman Technology and Information Fund Class R plays a significant role in offering investors access to growth and innovation within the global technology landscape.
Fund Family Columbia Threadneedle
Category Technology
Performance Rating High
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol SCIRX
Share Class Class R
Index S&P North American Technology Sector TR
SCIRX had a total return of 93.94% in the past year, including dividends.
Since the fund's inception, the average annual return has been 17.33%.
