- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 290 Congress Street Boston MA United States of America 2210
- IPO Date
- Nov 9, 2012
- Business
- Columbia Global Technology Growth Fund Institutional 2 Class (CTHRX) is an open-end mutual fund that seeks capital appreciation by investing at least 80% of its net assets in equity securities of technology companies benefiting from technological improvements, advancements, or developments; it allocates at least 25% of total net assets to issuers primarily engaged in technology and related industries, including semiconductors, software, hardware, and communication services. The fund offers multiple share classes, such as Institutional 2 (CTHRX), Class A (CTCAX), and others, managed by Rahul Narang since July 2012, with a focus on large-cap growth stocks across market capitalizations and geographies; top holdings include NVIDIA Corp. (16.49%), Broadcom Inc. (9.14%), Microsoft Corp. (8.19%), Apple Inc. (7.85%), and Lam Research Corp. (4.07%), representing 45.74% of the portfolio, with sector exposure dominated by technology (79.61%), followed by communication services (9.79%) and consumer cyclical (4.29%).
The fund, part of Columbia Funds Series Trust I and managed by Columbia Threadneedle Investments, operates primarily in the United States with global diversification, including non-U.S. stocks (8.64%), exposure to developed Asia (3.94%), Eurozone (3.06%), Canada (1.04%), and Japan (0.27%); it targets institutional and individual investors seeking technology sector growth, with total net assets of approximately $4.54 billion and a net expense ratio of 0.87% for the Institutional 2 class.
Launched for the Institutional 2 class in November 2012 from the flagship strategy inception in November 2000 and headquartered at 225 Franklin Street, Boston, Massachusetts, the fund marked its 25-year anniversary in November 2025, highlighting its long-term performance with a four-star Morningstar Overall Rating, top-quartile 10-year annualized returns of 22.27%, and a low turnover rate of 7% reflecting a disciplined, conviction-driven approach to innovation themes like AI and cloud computing.