Columbia Income Opportunities Fund (AIOAX)

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Columbia Income Opportunities Fund (AIOAX) is up 1.6% since the beginning of the year. AIOAX is currently trading at $9 per share. Investors who bought $1,000 worth of AIOAX shares 5 years ago would now be looking at an investment worth $1,177.

Columbia Income Opportunities Fund (AIOAX) has returned 1.55% so far this year and 6.66% over the past 12 months. Over the last ten years, AIOAX has returned 4.33% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jun 19, 2003, AIOAX's average daily return is +0.02%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.

Historically, 69% of months were positive and 31% were negative. The best month was Apr 2009 with a return of +8.5%, while the worst month was Oct 2008 at -13.0%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, AIOAX closed higher 42% of trading days. The best single day was Mar 26, 2020 with a return of +2.4%, while the worst single day was Mar 9, 2020 at -3.6%.

Columbia Income Opportunities Fund has an annualized alpha of 5.02%, beta of 0.10, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since June 20, 2003.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (36.79%) than losses (31.33%) - typical of diversified or defensive assets.
• Beta of 0.10 may look defensive, but with R2 of 0.15 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.15 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

AIOAX has a high expense ratio of 0.96%, indicating above-average management fees.

AIOAX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Columbia Income Opportunities Fund (AIOAX) and compare them to S&P 500 Index.

Columbia Income Opportunities Fund provided a 5.78% dividend yield over the last twelve months, with an annual payout of $0.51 per share.

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.

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.

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 25.86%, occurring on Dec 15, 2008. Recovery took 153 trading sessions.

The chart below shows the rolling one-month volatility.