Columbia Dividend Income will reopen to all investors on or about Nov. 6, 2023. The strategy previously closed itself to new investors in November 2021 amid heavy inflows. Since then, it has lost nearly $2 billion in assets through August 2023 but remains one of the heftiest in the large-value Morningstar Category at just under $36 billion in assets as of Sept. 26, 2023. Reopening may result in inflows and make the strategy less nimble on account of its size. However, the managers primarily transact liquid large-cap stocks and don’t trade frequently, so additional assets are unlikely to interfere with the investment mandate's execution. The strategy's Morningstar Medalist Ratings are unchanged.
- NAV / 1-Day Return 28.77 / 0.66 %
- Total Assets 35.3 Bil
-
Adj. Expense Ratio
0.900%
- Expense Ratio 0.900%
- Distribution Fee Level Below Average
- Share Class Type Front Load
- Category Large Value
- Investment Style Large Value
- Min. Initial Investment 2,000
- Status Limited
- TTM Yield 1.74%
- Turnover 17%
Morningstar’s Analysis LBSAX
Will LBSAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings 79
- Bond Holdings 0
- Other Holdings 2
- % Assets in Top 10 Holdings 27.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector