Fund Evaluator:

Multi-Manager Intl Eq Strats Instl Overview

Multi-Manager Intl Eq Strats Instl (CMIEX) is an actively managed International Equity Foreign Large Blend fund. Columbia Threadneedle launched the fund in 2018.

The investment seeks long-term capital appreciation. The fund pursues its investment objective by allocating the fund's assets among different asset managers that use various investment styles and strategies to invest in equity securities of foreign companies. Under normal circumstances, it invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of foreign companies. The fund may invest in emerging market countries.

About Multi-Manager Intl Eq Strats Instl (CMIEX)

There are 23 members of the management team with an average tenure of 4.72 years: Jonathan Eng (2018), Roderick Snell (2024), Jane Henderson (2024), Roy Leckie (2024), Conor Muldoon (2018), Tom Walsh (2018), Alessandro Valentini (2018), Ellen Lee (2018), Jenny Davis (2018), Steve Vaughan (2022), Maxim Skorniakov (2024), Fraser Fox (2024), Brian Cho (2025), Sam Thompson (2026), Derek Vance (2020), Steven Nguyen (2025), Christopher Malloy (2020), Chris Davies (2021), Julia Yuan (2024), Brandon Berger (2025), Donald Farquharson (2018), Harry Hartford (2018), Sarah Ketterer (2018). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. Multi-Manager Intl Eq Strats Instl has 583 securities in its portfolio. The top 10 holdings constitute 15.7% 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.

Multi-Manager Intl Eq Strats Instl is part of the Equity global asset class and is within the International Equity fund group. Multi-Manager Intl Eq Strats Instl has 96.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.9%. There is 96.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Multi-Manager Intl Eq Strats Instl has 1.4% of the portfolio in cash.

Assets Under Management

The fund has $3 billion in total assets, which is above the $2 billion average for the Foreign Large Blend 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.

CMIEX 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 Multi-Manager Intl Eq Strats Instl expense ratio is high compared to funds in the Foreign Large Blend category. Multi-Manager Intl Eq Strats Instl has an expense ratio of 0.94%, which is the same as its category average, making the fund expense ratio grade a C. 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. Multi-Manager Intl Eq Strats Instl has a portfolio turnover rate of 59%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 61% for the Foreign Large Blend category.

Recently, in the month of June 2026, Multi-Manager Intl Eq Strats Instl returned 0.8%, which earned it a grade of B, as the Foreign Large Blend category had an average return of 0.5%. 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.

Multi-Manager Intl Eq Strats Instl has a trailing yield of 1.62%, which is below the 2.19% 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.

Multi-Manager Intl Eq Strats Instl Grades

Year to date, the fund has returned 10.2%, 0.7 percentage points worse than the category, which translates into a grade of C. The fund has returned 21.6% over the past year (grade of C), 17.0% over the past three years (grade of C) and 9.0% per year over the past five years (grade of B).

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