Columbia Convertible Securities Fund (PACIX)
Under normal circumstances, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in convertible securities. It may invest up to 15% of its total assets in Eurodollar convertible securities and up to an additional 20% of its total assets in foreign securities. Most convertible securities are not investment grade-rated. The fund also may invest directly in equity securities.
Fund Info
| ISIN | US19765H7504 |
|---|---|
| CUSIP | 19765H750 |
| Issuer | Columbia Threadneedle |
| Inception Date | Sep 24, 1987 |
| Category | Convertible Bonds |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
PACIX has a high expense ratio of 1.12%, 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 Convertible Securities 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 Convertible Securities Fund had a return of 0.49% year-to-date (YTD) and 9.95% in the last 12 months. Over the past 10 years, Columbia Convertible Securities Fund had an annualized return of 8.30%, while the S&P 500 had an annualized return of 10.79%, indicating that Columbia Convertible Securities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.49% | 9.47% |
| 1 month | 1.00% | 1.91% |
| 6 months | 11.48% | 18.36% |
| 1 year | 9.95% | 26.61% |
| 5 years (annualized) | 9.25% | 12.90% |
| 10 years (annualized) | 8.30% | 10.79% |
Monthly Returns
The table below presents the monthly returns of PACIX, 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 | -0.69% | 0.50% | 1.93% | -3.03% | 0.49% | ||||||||
| 2023 | 6.13% | -1.88% | -0.22% | -1.36% | 0.21% | 5.81% | 2.31% | -2.99% | -2.81% | -5.34% | 5.70% | 6.70% | 11.91% |
| 2022 | -7.23% | 0.59% | 1.41% | -7.50% | -3.56% | -5.60% | 5.95% | 1.23% | -6.92% | 3.05% | 1.69% | -2.86% | -19.02% |
| 2021 | 3.30% | 3.19% | -4.20% | 2.68% | -1.88% | 2.74% | -1.23% | 1.66% | -1.71% | 2.49% | -3.61% | 0.64% | 3.71% |
| 2020 | 2.84% | -3.20% | -12.69% | 10.64% | 7.78% | 5.63% | 7.29% | 7.51% | -1.83% | -0.57% | 12.93% | 6.22% | 47.86% |
| 2019 | 8.32% | 2.95% | 0.33% | 3.07% | -3.02% | 5.30% | 1.06% | -1.28% | -0.08% | 1.07% | 3.69% | 2.55% | 26.15% |
| 2018 | 3.52% | -0.97% | -0.13% | -0.30% | 3.76% | -0.83% | 1.01% | 2.77% | -0.13% | -5.89% | 1.24% | -4.61% | -1.03% |
| 2017 | 2.98% | 1.69% | 0.38% | 0.97% | 0.85% | 1.10% | 2.53% | 0.82% | 1.42% | 1.16% | 0.40% | -0.13% | 15.07% |
| 2016 | -7.81% | -0.26% | 5.28% | 1.83% | 2.11% | 0.55% | 4.55% | 1.34% | 1.67% | -2.04% | 3.07% | 1.06% | 11.24% |
| 2015 | -0.53% | 4.33% | -0.22% | 0.93% | 2.15% | -2.83% | -0.58% | -4.05% | -3.65% | 4.36% | -1.84% | -2.32% | -4.60% |
| 2014 | 1.48% | 4.17% | -1.20% | -0.00% | 2.12% | 3.12% | -1.78% | 3.27% | -3.13% | 0.57% | 0.73% | -0.97% | 8.41% |
| 2013 | 4.74% | -0.13% | 3.01% | 1.55% | 3.06% | -1.90% | 3.84% | -1.17% | 4.04% | 1.72% | 1.58% | 1.63% | 24.05% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PACIX is 34, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
PACIX (Columbia Convertible Securities Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Columbia Convertible Securities Fund (PACIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Columbia Convertible Securities Fund granted a 2.46% dividend yield in the last twelve months. The annual payout for that period amounted to $0.50 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.51 | $1.83 | $5.67 | $2.34 | $1.40 | $0.99 | $0.55 | $0.42 | $1.62 | $0.89 | $0.38 |
Dividend yield | 2.46% | 2.53% | 9.87% | 22.27% | 7.81% | 6.29% | 5.29% | 2.75% | 2.34% | 9.91% | 4.73% | 2.11% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | |||||||
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.51 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $1.57 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $1.83 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $2.33 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $3.21 | $5.67 |
| 2020 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.81 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $1.37 | $2.34 |
| 2019 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.87 | $1.40 |
| 2018 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.70 | $0.99 |
| 2017 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.55 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.19 | $0.42 |
| 2015 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.83 | $1.62 |
| 2014 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.41 | $0.89 |
| 2013 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
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 current Columbia Convertible Securities Fund drawdown is 16.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -43.86% | Nov 1, 2007 | 266 | Nov 20, 2008 | 525 | Dec 22, 2010 | 791 |
| -39.14% | Mar 28, 2000 | 633 | Oct 9, 2002 | 1131 | Apr 12, 2007 | 1764 |
| -28.74% | Feb 16, 2021 | 338 | Jun 16, 2022 | — | — | — |
| -26.62% | Feb 20, 2020 | 23 | Mar 23, 2020 | 53 | Jun 8, 2020 | 76 |
| -25.03% | Oct 14, 1997 | 258 | Oct 8, 1998 | 188 | Jun 29, 1999 | 446 |
Volatility
Volatility Chart
The current Columbia Convertible Securities Fund volatility is 2.40%, 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.