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Columbia Small Cap Growth A CGOAX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Columbia Threadneedle Investment Hub

Morningstar’s Analysis CGOAX

Will CGOAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CGOAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CGOAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of CGOAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Columbia Small Cap Growth Reopens to New Investors; Ratings Unchanged

null David Carey

David Carey

Analyst Note

On June 28, 2023, Columbia announced that all share classes of Columbia Small Cap Growth’s U.S. mutual fund will re-open to new investors on or about July 31, 2023. The strategy retains its Morningstar Medalist Ratings of Silver or Bronze, depending on share class fees. The re-opening is reasonable and should not be an issue. Columbia prudently closed the strategy to new investors in June 2021 when it had about $3.5 billion in assets under management. But since then, performance has been disappointing, and assets dwindled to less than $2 billion as of May 2023. Although the strategy has outpaced the Russell 2000 Growth Index since lead manager Dan Cole’s January 2015 start, recent performance showcased its volatile profile, particularly in a rough 2021 and 2022. Year-to-date results have been encouraging, however.

by David Carey
Published on

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