Columbia Seligman Communications & Information Fund (SLMCX)

By
Columbia Seligman Communications & Information fund is a domestic stock mutual fund. It focuses its investment in equities of technology companies.

Columbia Seligman Communications & Information Fund (MUTF: SLMCX)

The Columbia Seligman Communications & Information fund objective is to seek capital appreciation. Under normal market conditions, the mutual fund invests majority of its net assets (>80%) in securities of companies operating in the communications, information and related industries. Accordingly, it invests in companies operating in the information technology, telecommunications sectors, and media industry. The fund may invest up to 25% of its net assets in foreign investments.

Fund Profile
    Columbia Seligman Communications & Information Fund
  • Fund Inception Date: June 23, 1983
  • Ticker Symbol: SLMCX
  • CUSIP: 19766H429
  • Beta (3yr): 1.02
  • Rank in category (YTD): 89%
  • Category: Technology
  • Distribution: 0.00%
  • Capital Gains: 0%
  • Expense Ratio: 1.34%
  • Net Assets: $ 3.32 billion
  • Number of Years Up: 22 years
  • Number of Years Down: 6 years
  • Annual Turnover Rate: 38%
Update on 1/29/2012

This Columbia fund has total net assets of $3.32 billion. The class A fund was first introduced to public in 1983. The other classes were introduced later. Its expense ratio is 1.34% per year. This fund has 0.25% management fee and 5.75% front-end sales load fee. The average expense ratio fee in the Technology category is 1.58%. This equity fund is managed by Paul Wick and Richard Parower. The fund’s shares price is $43.34 (12/10/2012).

Best Technology Mutual Funds 2012

Since its inception, this technology mutual fund has recorded in 22 years of positive return with its best 1-year total return in 1999 with 74.52%. The worst was in 2000 with -37.50%. Based on the load adjusted returns, this fund has returned 10.13% over the past 10-year and 5.33% over the past 3-year. The YTD return is 2.89%. It has 4-stars rating from Morningstar.

Investors can buy this mutual fund with $2,000 initial funding for brokerage account. For retirement account, please check with your fund’s administrator. There are 124 brokerages that provide the sale of this fund. They are E Trade Financial, Merrill Lynch, JP Morgan, Scottrade Load, Td Ameritrade Inc, Pershing Fund Center, Fidelity Retail Funds Network, Schwab Retail, etc. The other classes of this fund are Class C (SCICX), Class R (SCIRX) and Class Z (CCIZX). The CUSIP of SCICX is 19766H395.

The top 10 stock holdings of this fund as of third quarter of 2012 are Synopsys (8.6%), Apple (8.5%), Symantec (5.9%), Nuance Communications (4.8%), Microsoft (4.5%), Lam Research Corp (3.9%), KLA-Tencor Corp (3.9%), Parametric Technology Corp (3.4%), QUALCOMM (3.4%) and Advanced Micro Devices (3.2%). The top sectors are Software (38.4%), Semiconductors & Semiconductor Equipment (24.2%) and Computers & Peripherals (19.5%).

According to the fund’s prospectus, the principal risks of investing in the fund are Active management risk, Foreign securities risk, Issuer risk, Market risk, Small-and Mid-Cap Company Securities risk, Technology and Technology-Related Investment Risk, etc.

Disclosure: No Position

Previous mutual funds review :

0 comments:

Post a Comment