Fund Evaluator:

Columbia Commodity Strategy Inst2 Overview

Columbia Commodity Strategy Inst2 (CADLX) is an actively managed Commodities Commodities Broad Basket fund. Columbia Threadneedle launched the fund in 2014.

The investment seeks to provide shareholders with total return. Under normal circumstances, the fund seeks to maintain substantial economic exposure to the performance of the commodities markets. The fund invests, directly or indirectly, in a portfolio of commodity-linked investments, such as commodity-linked futures, structured notes and/or swaps, that are designed to provide long and short exposures to the investment return of assets that trade in the commodities markets, without investing directly in physical commodities.

About Columbia Commodity Strategy Inst2 (CADLX)

There are 5 members of the management team with an average tenure of 5.81 years: Gregory Liechty (2021), Ronald Stahl (2021), John Dempsey (2021), Marc Khalamayzer (2019), Matthew Ferrelli (2019). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Bloomberg Commodity TR USD index with a weighting of 100%. Columbia Commodity Strategy Inst2 has 293 securities in its portfolio. The top 10 holdings constitute 131.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Columbia Commodity Strategy Inst2 is part of the Real Assets global asset class and is within the Commodities fund group. Columbia Commodity Strategy Inst2 has 5.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 16.5%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 37.6% (32.6% domestic bond, 5.0% foreign bond and 0.0% convertible bond). Columbia Commodity Strategy Inst2 has -68.3% of the portfolio in cash.

Assets Under Management

The fund has $12 million in total assets, which is below the $481 million average for the Commodities Broad Basket category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

CADLX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Columbia Commodity Strategy Inst2 expense ratio is above average compared to funds in the Commodities Broad Basket category. Columbia Commodity Strategy Inst2 has an expense ratio of 0.76%, which is 31% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Columbia Commodity Strategy Inst2 has a portfolio turnover rate of 198%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 73% for the Commodities Broad Basket category.

Recently, in the month of July 2026, Columbia Commodity Strategy Inst2 returned 6.7%, which earned it a grade of C, as the Commodities Broad Basket category had an average return of 6.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Columbia Commodity Strategy Inst2 has a trailing yield of 2.36%, which is below the 9.29% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Columbia Commodity Strategy Inst2 Grades

Year to date, the fund has returned 27.5%, 5.1 percentage points better than the category, which translates into a grade of A. The fund has returned 40.2% over the past year (grade of A), 14.1% over the past three years (grade of A) and 12.8% per year over the past five years (grade of B) and 8.4% per year over the past 10 years (grade of B).

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