Columbia Convertible Securities Fund (PACIX)

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Columbia Convertible Securities Fund (PACIX) is up 24.1% since the beginning of the year. PACIX is currently trading at $32 per share. Investors who bought $1,000 worth of PACIX shares 5 years ago would now be looking at an investment worth $1,486.

Columbia Convertible Securities Fund (PACIX) has returned 24.05% so far this year and 44.22% over the past 12 months. Over the last ten years, PACIX has had an annualized return of 13.47%, just under the S&P 500 Index benchmark’s 13.66%.

Based on dividend-adjusted daily data since Sep 25, 1987, PACIX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +12.9%, while the worst month was Oct 2008 at -19.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PACIX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +5.3%, while the worst single day was Dec 15, 1997 at -10.1%.

Columbia Convertible Securities Fund has an annualized alpha of 5.08%, beta of 0.49, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since September 28, 1987.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (71.40%) than losses (62.20%) - typical of diversified or defensive assets.
• This fund generated an annualized alpha of 5.08% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• Beta of 0.49 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

PACIX has a high expense ratio of 1.12%, indicating above-average management fees.

PACIX ranks 90 for risk / return — in the top 90% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

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

Columbia Convertible Securities Fund provided a 1.20% dividend yield over the last twelve months, with an annual payout of $0.38 per share.

The table displays the monthly dividend distributions for Columbia Convertible Securities 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 Convertible Securities 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 Convertible Securities Fund was 43.86%, occurring on Nov 20, 2008. Recovery took 525 trading sessions.

The chart below shows the rolling one-month volatility.