Columbia Thermostat Fund
CTORX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 71 S. Wacker Drive, Suite 2500 Chicago IL United States of America 60606
- IPO Date
- Nov 9, 2012
- CIK
- 0000002110
- Similar Companies
- Business
- Columbia Thermostat Fund (CTORX) is a tactical allocation mutual fund that seeks long-term total return by investing primarily in a selected group of affiliated equity and fixed-income mutual funds and exchange-traded funds (ETFs), with allocations that automatically adjust based on the level of the S&P 500 Index to implement a buy-low/sell-high strategy. The fund's core offerings include dynamic asset allocations ranging from 10% to 90% in equities—such as exposure to large-cap growth, large-cap blend, small-cap index, and research-enhanced core strategies via underlying funds like Columbia Large Cap Growth Inst3, Columbia Large Cap Index Fund, Columbia Small Cap Index Inst3, and Columbia Research Enhanced Core ETF—and corresponding fixed-income allocations through vehicles like Columbia Total Return Bond Fund, Columbia High Yield Bond Fund, and Columbia Diversified Fixed Income Allocation ETF, with up to 5% in cash, high-quality short-term paper, or government securities. It operates across multiple share classes, including Advisor (CTORX), Class A (CTFAX), Class C (CTFDX), Institutional (COTZX), Institutional 2 (CQTRX), and Institutional 3 (CYYYX), targeting long-term investors seeking market-adaptive risk management within the U.S. tactical allocation segment; the fund is managed by Columbia Threadneedle Investments, part of Ameriprise Financial, with lead manager Alex M. Rivas since May 2022 and net assets of approximately $1.25 billion as of recent data. In recent developments, the fund executed multiple automatic reallocation changes in 2025 in response to S&P 500 movements, including on March 11 (to 35% equity/65% fixed income), June 11 (to 35%/65%), July 7 (to 35%/65%), August 29 (to 30%/70%), and October 27 (to 25%/75% following a close at 6791.69), reflecting its principal strategy of using two potential allocation tables and a 31-day trading rule to mitigate taxable events amid elevated market valuations indicated by its cyclically adjusted price-to-earnings metric. During the first quarter of 2025, Institutional Class shares returned 0.44%, outperforming the blended 50% S&P 500/50% Bloomberg U.S. Aggregate Bond Index benchmark at -0.74%, driven by underweight equities and overweight fixed income, with neutral manager selection across underlying holdings. The fund continues to emphasize automatic rebalancing for competitive returns in varying market environments, with no reported acquisitions, funding rounds, or major strategic shifts beyond these operational adjustments in the last 1-2 years; it was originally launched around November 2012 under Columbia Management.