On July 23, Columbia Acorn International lead manager Louis Mendes announced his plans to retire in late August after running this strategy for 17 years. While Mendes represented an anchor of continuity for a team that has recently suffered from burdensome turnover, his leadership didn’t lead investors to success over the past decade, and a fresh start could be what the strategy needs to find better results.
Columbia Acorn International A LAIAX
NAV / 1-Day Return
34.79
/
1.67
%
Total Assets
2.5 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.240%
Expense Ratio
1.240%
Fee Level
Low
Longest Manager Tenure
3.16
years
Category
Foreign Small/Mid Growth
Investment Style
Mid GrowthMin. Initial Investment
2,000
Status
Open
TTM Yield
0.51%
Turnover
32%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will LAIAX 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 LAIAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LAIAX 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 LAIAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Manager Departure Doesn't Change Columbia Acorn International's Ratings
