Columbia Fds Srs Tr I, Strategic Income Fd Cl A
COSIX
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- Columbia Fds Srs Tr I, Strategic Income Fd Cl A (COSIX) is an open-end mutual fund that seeks total return consisting of current income and capital appreciation through a flexible multisector bond strategy. The fund invests substantially in fixed-income securities, including U.S. agency mortgage-backed securities (29.31%), corporate bonds (36.89%), asset-backed securities (12.98%), bank loans (8.05%), high-yield bonds, emerging markets debt, non-agency MBS, CMBS, and U.S. Treasuries; it maintains global exposure with 82.22% in U.S. bonds and 12.32% in non-U.S. bonds, alongside cash equivalents (4.68%), utilizing derivatives for leverage and adapting allocations across credit risk, inflation, currency, and interest rate environments. Domiciled in the United States and available for sale there, the fund was launched on April 21, 1977, with headquarters aligned to its investment adviser, Columbia Management Investment Advisers, LLC, part of Columbia Threadneedle Investments. The Class A shares (COSIX) feature a net expense ratio of 0.94%, a 4.75% front-end load, and a minimum initial investment of $2,000 ($1,000 for IRAs), with total net assets of approximately $5.91 billion across share classes and share class size of $965.27 million; other classes include Institutional (LSIZX, 0.69% expense), Institutional 2 (CTIVX), Institutional 3 (CPHUX, 0.60%), C (CLSCX), and R (CSNRX). The portfolio, managed by Gene Tannuzzo (since 2010), Jason Callan (since 2017), and Alex Christensen (since 2021), holds 1,252 securities with an average effective duration of 4.79 years and weighted average life of 6.90 years, emphasizing mid credit quality and moderate interest-rate sensitivity in the Morningstar Multisector Bond category. In recent developments, effective November 22, 2024, the fund converted its Advisor Class shares into Institutional Class shares to streamline share class structure. The strategy reflects ongoing adaptations, including performance prior to August 29, 2014, under a different approach, with current fee waivers through December 31, 2025, and a contractual expense reimbursement. As of Q1 2025, the fund reported a 30-day SEC yield of 4.90% for Class A shares and maintains diversified sector allocations without reported acquisitions, partnerships, or major reorganizations in the past 1-2 years.