Columbia Small Cap Value Fund II Class A
COVAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 290 Congress Street Boston MA United States of America 02210
- IPO Date
- May 1, 2002
- CIK
- 0001097519
- Website
- columbiathreadneedleus.com
- Similar Companies
- Business
- Columbia Small Cap Value and Inflection Fund Class A (COVAX) is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of small-cap value companies exhibiting strong fundamentals and inflection points for growth. The fund allocates at least 80% of its net assets, including borrowings for investment purposes, to small-cap stocks, defined as companies with market capitalizations under $2 billion at the time of investment, focusing on high-quality firms with undervalued assets, sustainable competitive advantages, and improving business trajectories; it may invest up to 20% in foreign securities, including depositary receipts, and holds diversified positions across sectors such as financial services, real estate, energy, basic materials, and consumer cyclicals, with top holdings including PBF Energy Inc., Essent Group Ltd., Commercial Metals Co., Macerich Co., and BankUnited Inc.. Managed by Columbia Threadneedle Investments, a global asset manager headquartered in Boston, Massachusetts, with operations across the Americas, Europe, the Middle East, and Asia, the fund serves institutional and retail investors targeting the U.S. small value segment and traces its inception to May 1, 2002. In a significant recent development, effective September 1, 2025, the fund underwent a name change from Columbia Small Cap Value Fund II Class A to its current designation, reflecting an evolution in its investment strategy to emphasize inflection opportunities alongside traditional value characteristics, approved by the Board of Trustees on June 26, 2025; this rebranding aligns with portfolio manager transitions, including Jeremy H. Javidi (member of the investment community since 2000 and fund manager since 2023) and Bryan Lassiter (since November 2023), as the relatively new team settles in under Columbia Threadneedle's oversight. The fund maintains an average Process and People Pillar rating from Morningstar, with total net assets approximating $851 million across share classes and a portfolio turnover of around 70%, underscoring its active management approach within the competitive small value category.