Columbia Mid Cap Index is a great option for exposure to mid-cap stocks, though it has a smaller market-cap orientation than most of its peers. Its broad market-cap-weighted portfolio, profitability screens, and cost advantage are tough to beat. It retains its Morningstar Analyst Rating of Silver, but its most expensive share class is being downgraded to Bronze from Silver because of its higher fee.
Will NMPAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NMPAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the NMPAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of NMPAX’s parent organization’s priorities and whether they’re in line with investors’ interests.