Columbia Income Opportunities Fund (AIOAX)
Under normal market conditions, the fund's assets are invested primarily in income-producing debt securities, with an emphasis on the higher rated segment of the high-yield (junk bond) market. These income-producing debt instruments include corporate debt securities as well as bank loans. The fund will purchase only debt instruments rated B or above, or if unrated, determined to be of comparable quality. It may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity.
Fund Info
US19763T1034
19763T103
Jun 19, 2003
$2,000
Expense Ratio
AIOAX has a high expense ratio of 0.96%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Columbia Income Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Columbia Income Opportunities Fund had a return of 5.48% year-to-date (YTD) and 6.65% in the last 12 months. Over the past 10 years, Columbia Income Opportunities Fund had an annualized return of 3.56%, while the S&P 500 had an annualized return of 11.01%, indicating that Columbia Income Opportunities Fund did not perform as well as the benchmark.
AIOAX
5.48%
-0.11%
3.48%
6.65%
1.94%
3.56%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of AIOAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.23% | 0.12% | 1.03% | -0.72% | 1.15% | 1.04% | 1.49% | 1.49% | 0.92% | -0.90% | 0.57% | 5.48% | |
| 2023 | 3.27% | -1.68% | 1.77% | 0.78% | -1.01% | 1.28% | 1.27% | 0.20% | -1.33% | -0.87% | 4.18% | 3.27% | 11.50% |
| 2022 | -3.03% | -0.76% | -0.77% | -3.53% | 0.69% | -6.70% | 6.30% | -2.38% | -3.87% | 2.81% | 1.93% | -0.85% | -10.31% |
| 2021 | -0.01% | 0.20% | 0.01% | 1.03% | 0.09% | 1.52% | 0.29% | 0.55% | -0.17% | -0.18% | -1.00% | -1.13% | 1.20% |
| 2020 | -0.14% | -1.54% | -12.14% | 3.61% | 4.39% | 0.22% | 4.88% | 0.45% | -1.21% | 0.37% | 3.33% | 1.62% | 2.71% |
| 2019 | 5.03% | 1.57% | 0.93% | 1.44% | -1.03% | 2.69% | 0.60% | 1.01% | 0.49% | 0.39% | 0.68% | 1.58% | 16.38% |
| 2018 | 0.17% | -1.34% | -0.86% | 0.48% | -0.56% | 0.06% | 1.43% | 1.00% | 0.48% | -1.79% | -0.67% | -2.59% | -4.19% |
| 2017 | 1.08% | 1.29% | -0.33% | 1.20% | 0.79% | 0.27% | 1.17% | -0.13% | 0.67% | 0.27% | -0.33% | 0.07% | 6.18% |
| 2016 | -1.10% | 1.30% | 2.38% | 2.32% | -0.03% | 0.18% | 2.17% | 1.92% | 0.26% | -0.25% | -0.77% | 1.50% | 10.25% |
| 2015 | 1.28% | 1.97% | -0.43% | 0.85% | 0.26% | -1.52% | 0.36% | -1.34% | -2.69% | 3.47% | -2.28% | -1.60% | -1.82% |
| 2014 | 0.61% | 2.19% | 0.00% | 0.48% | 0.86% | 0.66% | -1.49% | 1.75% | -2.09% | 2.19% | -0.61% | -1.13% | 3.37% |
| 2013 | 0.83% | 0.13% | 0.73% | 2.06% | -1.18% | -2.68% | 2.04% | -1.20% | 1.03% | 2.57% | -0.06% | 0.44% | 4.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 87, AIOAX is among the top 13% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Columbia Income Opportunities Fund (AIOAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Columbia Income Opportunities Fund provided a 5.01% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.46 | $0.39 | $0.44 | $0.41 | $0.46 | $0.44 | $0.45 | $0.44 | $0.44 | $0.46 | $0.50 |
Dividend yield | 5.01% | 5.24% | 4.79% | 4.58% | 4.08% | 4.59% | 4.79% | 4.48% | 4.51% | 4.77% | 4.62% | 4.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Columbia Income Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.00 | $0.39 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.46 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.39 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.44 |
| 2020 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.41 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Columbia Income Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Columbia Income Opportunities Fund was 26.88%, occurring on Dec 15, 2008. Recovery took 157 trading sessions.
The current Columbia Income Opportunities Fund drawdown is 0.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.88% | May 29, 2007 | 391 | Dec 15, 2008 | 157 | Jul 31, 2009 | 548 |
| -21.04% | Feb 21, 2020 | 22 | Mar 23, 2020 | 175 | Nov 30, 2020 | 197 |
| -16.63% | Sep 17, 2021 | 261 | Sep 29, 2022 | 446 | Jul 11, 2024 | 707 |
| -9.68% | Jun 2, 2015 | 177 | Feb 11, 2016 | 101 | Jul 7, 2016 | 278 |
| -8.13% | Aug 2, 2011 | 45 | Oct 4, 2011 | 79 | Jan 27, 2012 | 124 |
Volatility
Volatility Chart
The current Columbia Income Opportunities Fund volatility is 0.56%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.