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Rating:15 Years, $2.7B In AUM Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, May 9, 2023

15 Years, $2.7B In AUM

Reported by Neil Anderson, Managing Editor

The folks at a publicly traded company's $584-billion-AUM (as of December 31) asset manager are celebrating the crystal anniversary of one of their mutual funds.

Fred Copper, senior portfolio manager at Ameriprise's Columbia Threadneedle Investments [profile], and Daisuke Nomoto, senior PM, confirmed earlier this spring that the Columbia Overseas Value Fund recently reached its 15th birthday. The fund's inception date was March 31, 2008, and by March 31, 2023 it had grown to $2.713 billion in AUM.

The fund is a series of the Columbia Funds Series Trust (CFST). Copper has PMed the fund since inception, and Nomoto has served as co-PM since 2013. Columbia Management Investment Advisers, LLC serves as the fund's administrator and investment advisor. Columbia Management Investment Distributors, Inc. serves as the fund's distributor. And Columbia Management Investment Services Corp. serves as the fund's transfer agent.

The fund comes in seven flavors. A shares (COAVX) come with an up-front load of up to 575 basis points, up to 100bps in deferred load, and an expense ratio of 116bps. Advisor shares (COSVX) come with an expense ratio of 91bps. C shares (COCVX) come with up to 100bps in deferred load, plus an expense ratio of 191bps. Institutional shares (COSZX) come with an expense ratio of 91bps. Institutional 2 shares (COSSX) come with an expense ratio of 82bps. Institutional 3 shares (COSYX) come with an expense ratio of 77bps. And R shares come with an expense ratio of 141bps. (All those expense ratio include a fee of 5 or 6bps, promised through June 30, 2024.)

The fund's other service providers include: DST Asset Manager Solutions, Inc. as sub-transfer agent; JPMorgan Chase Bank, N.A. as custodian; Kramer Levin Naftalis & Frankel LLP as counsel to the independent trustees; PwC as independent accounting firm; and Ropes & Gray LLP as counsel. 

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