Columbia Convertible Securities Fund Class A
PACIX
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ROIC.AI
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- Columbia Funds Series Trust I (the Trust) is an open-end management investment company registered under the Investment Company Act of 1940 that offers a series of diversified mutual funds, including the Columbia Convertible Securities Fund Class A (ticker: PACIX), which seeks total return through capital appreciation and current income by investing at least 80% of its net assets in convertible securities; up to 15% of its total assets in Eurodollar convertible securities; and up to an additional 20% in foreign securities, with most holdings consisting of non-investment grade convertibles alongside direct equity investments. The Trust's funds, managed by Columbia Management Investment Advisers, LLC, a subsidiary of Columbia Threadneedle Investments, span various asset classes such as equities, fixed income, convertibles, and multi-asset strategies, targeting institutional, wholesale, and retail investors seeking income, growth, and total return. The Trust operates primarily in the United States with global investment exposure through its portfolios. The Columbia Convertible Securities Fund, launched on September 25, 1987, exemplifies the Trust's offerings with a portfolio diversified across sectors like utilities, healthcare, basic materials, financial services, and technology; top holdings including NCL Corporation Ltd., Snap Inc., and ON Semiconductor Corp.; and total net assets of approximately $1.58 billion across share classes, with Class A featuring a 5.75% front-end load, 1.08% net expense ratio, and a minimum initial investment of $2,000. Columbia Funds Series Trust I maintains its principal executive offices at 290 Congress Street, Boston, Massachusetts 02210, with first SEC filings dating back to 1994. The Trust is part of the broader Columbia Threadneedle Investments platform, which oversees over $675 billion in assets under management with approximately 550 investment professionals across 17 countries. In recent developments, Columbia Threadneedle Investments announced an investment partnership with Long Run Partners in October 2025 to invest in and securitize up to $1.5 billion in high-quality non-agency mortgage loans, leveraging complementary expertise in residential mortgages and non-agency platforms. The firm also expanded its Universal brand in August 2025 by rebranding and realigning its CT MM Lifestyle range of multi-manager funds under CT Multi-Manager Universal, incorporating a proprietary strategic asset allocation model, reducing ongoing charges figures to 0.60%-0.65%, and enhancing value for risk-managed solutions without altering risk profiles. Additional changes include regulatory approval for new QR Series active UCITS ETFs targeting US, European, Global, and Emerging Markets equities; selection of State Street as global back-office provider; and completion of a first close on the Castle Mount Impact Partners LP private equity fund exceeding €50 million in commitments.