FA Magazine July/August 2021 - Page 46

Some things can endure even the toughest environments .

Consider fixed-income funds that adapt in all markets .

columbiathreadneedle . com

Investors should consider the investment objectives , risks , charges and expenses of a mutual fund carefully before investing . For a free prospectus or a summary prospectus , which contains this and other important information about the funds , visit columbiathreadneedle . com . Read the prospectus carefully before investing . Past performance is not a guarantee of future results . Class Inst shares are sold at net asset value and have limited eligibility . Columbia Management Investment Distributors , Inc . offers multiple share classes , not all necessarily available through all firms , and the share class ratings may vary . Contact us for details .
ETF shares are bought and sold at market price ( not NAV ) and are not individually redeemable . Investors buy and sell shares on a secondary market . Shares may trade at a premium or discount to the NAV . Only market makers or “ authorized participants ” may trade directly with the Fund ( s ), typically in blocks of 50,000 shares .
Fixed-income securities involve interest rate , credit , inflation , illiquidity and reinvestment risks . As interest rates rise , the value of fixed-income securities falls . High-yield investments possess greater price volatility , illiquidity , and possibility of default . © 2021 Morningstar , Inc . All rights reserved . The Morningstar information contained herein : ( 1 ) is proprietary to Morningstar and / or its content providers ; ( 2 ) may not be copied or distributed ; and ( 3 ) is not warranted to be accurate , complete or timely . Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information . For each fund with at least a three-year history , Morningstar calculates a Morningstar Rating™ used to rank the fund against other funds in the same category . It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund ’ s monthly excess performance , without any adjustments for loads ( front-end , deferred or redemption fees ), placing more emphasis on downward variations and rewarding consistent performance . Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes . The top 10 % of funds in each category receive 5 stars , the next 22.5 % receive 4 stars , the next 35 % receive 3 stars , the next 22.5 % receive 2 stars and the bottom 10 % receive 1 star . ( Each share class is counted as a fraction of one fund within this scale and rated separately , which may cause slight variations in the distribution percentages .) All data as of 05 / 31 / 21 . The Morningstar ratings for the Columbia Strategic