Columbia Seligman Global Technology Fund Class C
SHTCX
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
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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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 50606 Ameriprise Financial Center Minneapolis MN United States of America 55474
- IPO Date
- May 27, 1999
- CIK
- 0001352280
- Website
- columbiathreadneedleus.com
- Similar Companies
- Business
- Columbia Seligman Global Technology Fund Class C (SHTCX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of U.S. and non-U.S. companies operating in the technology and technology-related sectors, including semiconductors and semiconductor equipment, software, interactive media and services, technology hardware storage and peripherals; financial services, electrical equipment, communications equipment, broadline retail, IT services, and electronic equipment instruments and components. The fund maintains a conviction-weighted, non-diversified portfolio typically comprising 66 holdings across all market capitalizations, with at least 40% of net assets allocated to companies maintaining principal business activities outside the U.S. or traded on non-U.S. exchanges; it follows a growth-at-a-reasonable-price (GARP) investment philosophy emphasizing bottom-up fundamental analysis to identify undervalued firms with enduring intellectual property, strong management, and sustained revenue growth potential. Managed by Columbia Management Investment Advisers, LLC, a member of Columbia Threadneedle Investments, since its inception on May 23, 1994, with headquarters in Boston, Massachusetts, the fund offers multiple share classes including Class C (SHTCX, launched May 27, 1999), Class A (SHGTX), Institutional (CSGZX), Institutional 2 (SGTTX), Institutional 3 (CGTYX), and R (SGTRX), targeting institutional and retail investors focused on global technology exposure. Geographically, the fund's assets are predominantly allocated to U.S. and Canada (94.2%), with smaller exposures to Africa/Middle East (2.9%), Asia (2.5%), and Europe (0.4%), benchmarked against the MSCI World Information Technology Index Net. As of mid-2025, total net assets across all classes stand at approximately $2.52-2.6 billion, with Class C featuring a net expense ratio of 2.00%, a 46% turnover rate, weighted average market cap of $830 billion, trailing P/E of 26.8, and price/book ratio of 5.43; top holdings include NVIDIA (6.3%), Broadcom (6.0%), Lam Research (5.9%), Microsoft (5.2%), and Bloom Energy (4.2%), representing 42.3% of assets in the top 10 positions. In recent developments, the fund has sustained a contractual fee waiver through February 28, 2026, supporting its competitive positioning amid a Morningstar Neutral Medalist Rating driven by strong People and Process pillars offset by high fees; net assets declined by $263 million over the first half of 2025 amid market volatility. The tenured portfolio management team, led by Paul H. Wick (38 years experience) alongside Vimal Patel, Shekhar Pramanick, Sanjay Devgan, Christopher Boova, and Sanjiv Wadhwani, continues to leverage deep sector expertise without reported acquisitions, partnerships, or structural reorganizations in the last 1-2 years. Performance as of June 30, 2025, reflects year-to-date returns of 3.80% for Class C (net of expenses), with 5-year annualized returns of 19.07%, underscoring resilience in the technology category despite sector-specific risks like rapid obsolescence and competition.