Columbia Ultra Short Term Bond Fund (CMGUX)
Under normal circumstances, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in a diversified portfolio of domestic debt securities of investment grade quality. Debt securities may be issued by governments, companies or special purpose entities and may include notes, bonds, debentures and commercial paper. Under normal circumstances, the fund's dollar weighted average effective maturity will be two years or less, and its duration will be one year or less.
Fund Info
US19765E8232
Mar 8, 2004
$1,000,000
Expense Ratio
CMGUX has an expense ratio of 0.25%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Columbia Ultra Short Term Bond Fund (CMGUX) returned 1.06% year-to-date (YTD) and 5.16% over the past 12 months. Over the past 10 years, CMGUX returned 2.35% annually, underperforming the S&P 500 benchmark at 10.84%.
CMGUX
1.06%
0.00%
2.03%
5.16%
4.89%
3.09%
2.35%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of CMGUX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.40% | 0.36% | 0.41% | -0.11% | 0.00% | 1.06% | |||||||
| 2024 | 0.59% | 0.34% | 0.48% | 0.47% | 0.60% | 0.29% | 0.75% | 0.56% | 0.57% | 0.36% | 0.42% | 0.53% | 6.14% |
| 2023 | 0.70% | 0.24% | 0.41% | 0.52% | 0.31% | 0.53% | 0.55% | 0.56% | 0.45% | 0.36% | 0.70% | 0.73% | 6.27% |
| 2022 | -0.08% | -0.08% | -0.30% | -0.07% | 0.18% | -0.26% | 0.12% | 0.27% | 0.17% | 0.08% | 0.44% | 0.36% | 0.83% |
| 2021 | 0.08% | 0.07% | -0.04% | 0.07% | 0.05% | 0.04% | 0.04% | 0.04% | 0.04% | -0.07% | -0.07% | -0.08% | 0.19% |
| 2020 | 0.30% | 0.28% | -1.92% | 1.29% | 0.71% | 0.46% | 0.23% | 0.10% | 0.09% | 0.09% | 0.08% | 0.09% | 1.77% |
| 2019 | 0.32% | 0.20% | 0.33% | 0.32% | 0.33% | 0.21% | 0.22% | 0.33% | 0.09% | 0.31% | 0.09% | 0.20% | 3.00% |
| 2018 | 0.02% | 0.12% | 0.03% | 0.27% | 0.16% | 0.17% | 0.18% | 0.29% | 0.07% | 0.19% | 0.08% | 0.31% | 1.90% |
| 2017 | 0.20% | 0.08% | 0.10% | 0.10% | 0.10% | 0.10% | 0.22% | 0.11% | 0.10% | 0.11% | 0.00% | 0.12% | 1.35% |
| 2016 | 0.17% | 0.06% | 0.18% | 0.07% | 0.08% | 0.18% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | -0.02% | 1.10% |
| 2015 | 0.02% | 0.04% | 0.14% | 0.04% | 0.03% | -0.09% | 0.12% | -0.10% | 0.13% | 0.06% | -0.07% | -0.06% | 0.29% |
| 2014 | 0.13% | 0.02% | 0.02% | 0.03% | 0.14% | -0.08% | 0.06% | 0.03% | -0.07% | 0.03% | 0.02% | 0.02% | 0.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, CMGUX is among the top 1% 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 Ultra Short Term Bond Fund (CMGUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Columbia Ultra Short Term Bond Fund provided a 4.97% dividend yield over the last twelve months, with an annual payout of $0.46 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.45 | $0.35 | $0.12 | $0.06 | $0.14 | $0.23 | $0.18 | $0.11 | $0.08 | $0.04 | $0.03 |
Dividend yield | 4.97% | 4.84% | 3.83% | 1.38% | 0.63% | 1.52% | 2.51% | 1.99% | 1.23% | 0.87% | 0.40% | 0.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Columbia Ultra Short Term Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.35 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.12 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.04 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Columbia Ultra Short Term Bond 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 Ultra Short Term Bond Fund was 3.42%, occurring on May 25, 2006. Recovery took 151 trading sessions.
The current Columbia Ultra Short Term Bond Fund drawdown is 0.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.42% | May 3, 2006 | 17 | May 25, 2006 | 151 | Jan 3, 2007 | 168 |
| -3.09% | Mar 9, 2020 | 12 | Mar 24, 2020 | 49 | Jun 3, 2020 | 61 |
| -2.07% | Sep 11, 2008 | 53 | Nov 24, 2008 | 94 | Apr 13, 2009 | 147 |
| -1.56% | Aug 1, 2007 | 17 | Aug 23, 2007 | 101 | Jan 17, 2008 | 118 |
| -0.92% | Oct 15, 2021 | 186 | Jul 13, 2022 | 94 | Nov 23, 2022 | 280 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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