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Trending ETFs

Multi-Manager Small Cap Equity Strategies Fund

mutual fund
CZMSX
Payout Change
Pending
Price as of:
$16.41 -0.11 -0.67%
primary theme
U.S. Small-Cap Blend Equity
share class
CZMSX (Mutual Fund)

Multi-Manager Small Cap Equity Strategies Fund

Payout Change
Pending
Price as of:
$16.41 -0.11 -0.67%
primary theme
U.S. Small-Cap Blend Equity
share class
CZMSX (Mutual Fund)

Multi-Manager Small Cap Equity Strategies Fund

Payout Change
Pending
Price as of:
$16.41 -0.11 -0.67%
primary theme
U.S. Small-Cap Blend Equity
share class

Name

As of 10/03/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$16.41

$1.55 B

0.58%

$0.10

1.17%

Vitals

YTD Return

5.5%

1 yr return

22.5%

3 Yr Avg Return

0.4%

5 Yr Avg Return

9.2%

Net Assets

$1.55 B

Holdings in Top 10

11.5%

52 WEEK LOW AND HIGH

$16.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 59.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/03/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$16.41

$1.55 B

0.58%

$0.10

1.17%

CZMSX - Profile

Distributions

  • YTD Total Return 5.5%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 9.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Multi-Manager Small Cap Equity Strategies Fund
  • Fund Family Name
    Columbia Funds Complex
  • Inception Date
    Jan 03, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christian Stadlinger

Fund Description

The Fund pursues its investment objective by allocating the Fund’s assets among different asset managers that use multiple investment styles to invest in equity securities. The Fund’s investment manager, Columbia Management Investment Advisers, LLC (Columbia Management or the Investment Manager), and investment subadvisers (Subadvisers) each provide day-to-day portfolio management of a portion of the Fund’s assets, or sleeve of the Fund. Columbia Management and the Subadvisers employ different investment styles and processes that, in the aggregate, Columbia Management believes complement one another in pursuit of the Fund’s investment objective.
Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities (including common stocks, preferred stocks and convertible securities) of companies that have market capitalizations in the range of the companies in the Russell 2000® Index at the time of purchase (between $20.9 million and $14.6 billion as of November 30, 2023). The market capitalization range and composition of companies in the Index are subject to change.
The Fund may invest up to 25% of its net assets in foreign investments. The Fund may also invest in real estate investment trusts (REITs) and exchange-traded funds. The Fund may at times emphasize one or more sectors in selecting its investments, including the financial services, industrials, and information technology sectors.
The Fund may invest in derivatives, such as futures (including equity index futures) to gain market exposure on the Fund’s uninvested cash pending investment in securities or to maintain liquidity to pay redemptions, to hedge existing positions, to increase market exposure and investment flexibility, including using the derivative as a substitute for the purchase or sale of an underlying security(ies) or basket of securities.
The Fund may also hold/invest in cash, money market instruments (which may include investments in one or more affiliated or unaffiliated money market funds or similar vehicles) or other high-quality, short-term investments, including for the purpose of covering its obligations with respect to, or that may result from, the Fund’s investments in derivatives.
Columbia Management is responsible for providing day-to-day portfolio management of two sleeves of the Fund and is also responsible for oversight of the Subadvisers. The Fund’s Subadvisers are Conestoga Capital Advisors, LLC (Conestoga), Hotchkis and Wiley Capital Management, LLC (Hotchkis & Wiley), J.P. Morgan Investment Management Inc. (JPMIM), and Jacobs Levy Equity Management, Inc. (Jacobs Levy). Columbia Management and the Subadvisers act independently of each other and use their own methodologies for selecting investments. Columbia Management, subject to the oversight of the Fund’s Board of Trustees, determines the allocation of the Fund’s assets to each sleeve and may change these allocations at any time.
Each sleeve manager’s investment strategy may involve the frequent trading of portfolio securities. One or more of the Fund’s subadvisers use quantitative methods to identify investment opportunities and construct their portion of the Fund’s portfolio.
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CZMSX - Performance

Return Ranking - Trailing

Period CZMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -18.2% 30.5% 85.88%
1 Yr 22.5% -24.2% 45.5% 74.76%
3 Yr 0.4%* -12.8% 43.4% 85.22%
5 Yr 9.2%* -12.1% 35.5% 63.33%
10 Yr N/A* -2.5% 18.4% 42.42%

* Annualized

Return Ranking - Calendar

Period CZMSX Return Category Return Low Category Return High Rank in Category (%)
2023 13.2% -19.9% 29.0% 54.25%
2022 -27.3% -59.3% 118.2% 85.93%
2021 2.1% -31.6% 39.3% 77.03%
2020 20.1% -51.0% 39.5% 4.95%
2019 19.9% -5.6% 37.8% 57.23%

Total Return Ranking - Trailing

Period CZMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -18.2% 30.5% 85.88%
1 Yr 22.5% -24.2% 45.5% 74.76%
3 Yr 0.4%* -12.8% 43.4% 85.22%
5 Yr 9.2%* -12.1% 35.5% 63.33%
10 Yr N/A* -2.5% 18.4% 40.45%

* Annualized

Total Return Ranking - Calendar

Period CZMSX Return Category Return Low Category Return High Rank in Category (%)
2023 15.6% -11.7% 31.8% 61.63%
2022 -20.0% -45.2% 123.7% 75.48%
2021 19.8% 0.0% 47.7% 71.24%
2020 20.5% -50.5% 46.9% 10.50%
2019 23.6% 2.1% 40.9% 61.98%

NAV & Total Return History


CZMSX - Holdings

Concentration Analysis

CZMSX Category Low Category High CZMSX % Rank
Net Assets 1.55 B 529 K 145 B 21.99%
Number of Holdings 803 2 2445 13.72%
Net Assets in Top 10 177 M 120 K 9.87 B 31.02%
Weighting of Top 10 11.49% 3.5% 100.1% 73.02%

Top 10 Holdings

  1. COLUMBIA SHORT TERM CASH FUND 2.00%
  2. Casella Waste Systems Inc 1.60%
  3. Simpson Manufacturing Co Inc 1.27%
  4. AAON Inc 1.26%
  5. Descartes Systems Group Inc/The 1.06%
  6. Exponent Inc 0.94%
  7. SPS Commerce Inc 0.85%
  8. Altair Engineering Inc 0.84%
  9. SiteOne Landscape Supply Inc 0.83%
  10. Construction Partners Inc 0.82%

Asset Allocation

Weighting Return Low Return High CZMSX % Rank
Stocks
97.98% 7.51% 107.74% 65.41%
Cash
2.02% 0.00% 42.24% 42.29%
Preferred Stocks
0.00% 0.00% 6.06% 97.37%
Other
0.00% -0.13% 49.08% 93.98%
Convertible Bonds
0.00% 0.00% 3.17% 97.36%
Bonds
0.00% 0.00% 87.66% 97.18%

Stock Sector Breakdown

Weighting Return Low Return High CZMSX % Rank
Industrials
21.21% 2.46% 37.42% 21.10%
Financial Services
17.53% 0.00% 35.52% 25.10%
Technology
15.47% 0.00% 43.95% 29.09%
Healthcare
12.10% 0.00% 26.53% 57.22%
Consumer Cyclical
9.74% 0.99% 47.79% 71.67%
Energy
7.23% 0.00% 37.72% 26.05%
Real Estate
5.82% 0.00% 29.43% 65.40%
Basic Materials
4.34% 0.00% 18.66% 56.84%
Utilities
2.93% 0.00% 18.58% 37.26%
Consumer Defense
2.66% 0.00% 18.87% 81.18%
Communication Services
0.96% 0.00% 14.85% 87.45%

Stock Geographic Breakdown

Weighting Return Low Return High CZMSX % Rank
US
97.98% 4.48% 107.74% 59.02%
Non US
0.00% 0.00% 94.62% 97.74%

CZMSX - Expenses

Operational Fees

CZMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.01% 38.30% 40.00%
Management Fee 0.82% 0.00% 1.50% 71.13%
12b-1 Fee 0.00% 0.00% 1.00% 21.63%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

CZMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CZMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CZMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 1.00% 314.00% 63.83%

CZMSX - Distributions

Dividend Yield Analysis

CZMSX Category Low Category High CZMSX % Rank
Dividend Yield 0.58% 0.00% 42.47% 28.95%

Dividend Distribution Analysis

CZMSX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually SemiAnnual Annual

Net Income Ratio Analysis

CZMSX Category Low Category High CZMSX % Rank
Net Income Ratio 0.01% -2.40% 2.49% 62.55%

Capital Gain Distribution Analysis

CZMSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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CZMSX - Fund Manager Analysis

Managers

Christian Stadlinger


Start Date

Tenure

Tenure Rank

Apr 20, 2012

10.12

10.1%

Christian Stadlinger is a senior portfolio manager for Columbia Threadneedle Investments. Dr. Stadlinger serves as the lead portfolio manager on a small-cap value product. Dr. Stadlinger joined one of the Columbia Threadneedle Investments legacy firms in 2002. Previously, Dr. Stadlinger worked as a team leader and senior portfolio manager on the domestic emerging value investment team at BlackRock, where he managed small-cap and mid-cap value portfolios for corporate, institutional and high-net-worth clients. Prior to that, Dr. Stadlinger managed small-cap value mutual fund and institutional portfolios at Morgan Stanley Asset Management. He has been a member of the investment community since 1989. Dr. Stadlinger received an M.S. in Economics and Computer Science from the University of Vienna and a Ph.D. in Economics from Northwestern University. He is a member of the New York Society of Security Analysts and holds the Chartered Financial Analyst® designation.

Jarl Ginsberg


Start Date

Tenure

Tenure Rank

Apr 20, 2012

10.12

10.1%

Jarl Ginsberg is a portfolio manager with Columbia Management Investment Advisers, LLC . Previously, he is a portfolio co-manager and senior research analyst Columbia Management, responsible for Nations Small Cap Value Fund. Mr. Ginsberg may also manage other investment products for both BACAP and Columbia Management. He is responsible for research, stock selection and portfolio construction for the small-cap product. Prior to joining the Value Strategies Team in 2003, Mr. Ginsberg worked for Pilgrim, Baxter, & Associates from 2002 to 2003 as a research analyst, and BlackRock Inc. as co-manager for the mid-cap value product and analyst for the small-cap value product from 1998 to 2002. Mr. Ginsberg has been in the investment community since 1987. Mr. Ginsberg earned his bachelor's degree in Applied Mathematics/Economics from Brown University and his MPPM in Finance from the Yale School of Management. He is a member of the New York Society of Security Analysts and is a member of CFA Institute (formerly AIMR).

Robert Mitchell


Start Date

Tenure

Tenure Rank

Oct 01, 2012

9.67

9.7%

Bob is a Co-Founder and Managing Partner of Conestoga Capital Advisors, and Co-Portfolio Manager for the Small and SMid Cap strategies. Bob serves as Chief Investment Officer of the firm, overseeing all aspects of the portfolio management and investment processes. Prior to Conestoga, Bob was a Portfolio Manager/Analyst and Director of Equity Research at Martindale Andres & Company. Bob's portfolio management and research expertise was focused on small capitalization companies. While at Martindale Andres & Co., he was responsible for $100 Million in individual and institutional small cap accounts. Before his employment at Martindale Andres, Bob worked with the U.S. Department of Justice Antitrust Division where he analyzed the economic and financial aspects of various industries for evidence of antitrust violations. Bob received his M.B.A. from Indiana University's Kelley School of Business in 1995; in 1991, he received a B.A. from the University of Notre Dame.

Joseph Monahan


Start Date

Tenure

Tenure Rank

Jan 01, 2014

8.42

8.4%

Joe is a Managing Partner and Co-Portfolio Manager for the Small Cap strategy.  He also serves as an analyst for the firm’s SMid and Mid Cap equity strategies. Joe is Conestoga’s Director of Research, where his responsibilities include coordinating the firm's fundamental research approach to selecting securities.  He joined Conestoga in December 2008 from McHugh Associates, where he was Senior Vice President/Portfolio Manager and a member of the firm’s Investment Committee.  Prior to joining McHugh in 2001, Joe was a Vice President and Portfolio Manager at Pitcairn Trust Company.  He is a graduate of the Pennsylvania State University, where he earned a Bachelor of Science degree, and he earned a Masters of Business Administration from Temple University.  He is a CFA Charterholder and a member of the CFA Society of Philadelphia.

Thomas Lettenberger


Start Date

Tenure

Tenure Rank

Oct 20, 2015

6.62

6.6%

Tom is responsible for equity portfolio management and research. He joined BMO Asset Management in 2005. Previously, he served as a vice president and portfolio manager at Columbia Management and as an equity research analyst at William Blair & Company, LLC. He entered the investment industry in 1994. He holds an M.A. in accounting and a B.B.A. in finance and accounting from the University of Michigan. In addition, Tom is a CFA® charterholder, a Certified Public Accountant (CPA) and a member of the CFA Institute and the CFA Society of Chicago.

Felise Agranoff


Start Date

Tenure

Tenure Rank

Dec 19, 2018

3.45

3.5%

Felise L. Agranoff, managing director, is a portfolio manager and research analyst within the U.S. Equity Group. An employee since 2004, Felise is a co-portfolio manager of the Mid Cap Growth, Growth Advantage and Small Cap Growth Strategies. Additionally, she has research responsibility for the small and mid cap industrial sector as well as mid cap financials and business services. Prior to joining the growth team as a research analyst in 2006, Felise previously worked on the J.P. Morgan U.S. Equity Large Cap fundamental research team. Felise obtained a B.S. in Finance and Accounting from the McIntire School of Commerce at the University of Virginia. She is a member of the CFA Institute and a CFA charterholder.

Judd Peters


Start Date

Tenure

Tenure Rank

Feb 13, 2019

3.3

3.3%

In his role as portfolio manager, Mr. Peters plays an integral part in the investment research review and decision-making process as well as coordinates the day-to-day management of Large Cap Fundamental Value, Large Cap Diversified Value, Small Cap Diversified Value and Global Value portfolios. He also provides expertise and insight into the capital goods, energy and technology sectors. Prior to joining the firm, Mr. Peters was an analyst in the corporate finance department of an investment banking firm. Mr. Peters, a CFA charterholder, received his BA in Mathematics and a BS in Biochemistry from University of California, San Diego.

Ryan Thomes


Start Date

Tenure

Tenure Rank

Feb 13, 2019

3.3

3.3%

Mr. Thomes coordinates the day-to-day management of the Small Cap Diversified Value portfolio. He also provides broad analytical support, creates general market and investment strategy commentaries, and acts as a liaison between the investment and client service teams. Prior to joining the firm, Mr. Thomes was a global equity senior research associate for Jeffrey Slocum and Associates, Inc., an institutional investment consultant based in Minneapolis. At Slocum, he was responsible for directing wide-ranging equity research projects as well as conducting equity investment manager due diligence. Mr. Thomes began his investment career as a research analyst at Berthel Schutter LLC, a consulting firm where he conducted equity and fixed income investment manager due diligence. Mr. Thomes, a CFA charterholder, received his BS in Entrepreneurial Management and Finance from the University of Minnesota.

Ernesto Ramos


Start Date

Tenure

Tenure Rank

Jul 06, 2021

0.9

0.9%

Ernesto is the managing director of active equities and a portfolio manager at BMO Global Asset Management. He joined the company in 2005. Ernesto began his investment management career in 1992 with Batterymarch Financial Management. He holds a Ph.D. and an M.S. in statistics from Harvard University and a B.S. in mathematics from MIT.

Jason Hans


Start Date

Tenure

Tenure Rank

Jul 06, 2021

0.9

0.9%

Jason joined BMO Asset Management Inc in 2008 and is responsible for equity portfolio management and research. Jason began his experience in the investment industry in 1998, and was the Managing Director, Head of Research for Quantitative Services Group. Jason holds an MBA in Finance from Notre Dame and a BS in Business, with a major in Finance and a minor in Physics from Miami University. In addition, Jason holds the Chartered Financial Analyst® (CFA) designation, is a member of the CFA Institute, the CFA Society of Chicago and the Chicago Quantitative Alliance

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.18 2.58