Fund Evaluator:
Columbia Convertible Securities Inst2 (COCRX)
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Best Performing in Convertibles Over the Last Year
| 24.2% | Harbor Ares Systematic Cnvrt Scs Ins (HACSX) |
| 24.1% | Fidelity Advisor Convertible Secs Z (FIQVX) |
| 24.0% | Fidelity Convertible Securities (FCVSX) |
| 23.8% | Harbor Ares Systematic Cnvrt Scs Inv (HICSX) |
| 21.1% | Invesco Convertible Securities Y (CNSDX) |
Fund Details
Columbia Convertible Securities Inst2 Overview
Columbia Convertible Securities Inst2 (COCRX) is an actively managed Allocation Convertibles fund. Columbia Threadneedle launched the fund in 2012.
The investment seeks total return, consisting of capital appreciation and current income. 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.
About Columbia Convertible Securities Inst2 (COCRX)
There are 3 members of the management team with an average tenure of 14.18 years: David King (2010), Yan Jin (2006), Grace Lee (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and ICE BofA All US Convertible TR USD index with a weighting of 100%. Columbia Convertible Securities Inst2 has 121 securities in its portfolio. The top 10 holdings constitute 22.2% 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 Convertible Securities Inst2 is part of the Hybrid Securities global asset class and is within the Allocation fund group. Columbia Convertible Securities Inst2 has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 4.6%. There is 0.0% allocated to foreign stock, and 14.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 3.4% (3.4% domestic bond, 0.0% foreign bond and 73.9% convertible bond). Columbia Convertible Securities Inst2 has 3.8% of the portfolio in cash.
Assets Under Management
The fund has $173 million in total assets, which is below the $212 million average for the Convertibles 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.
COCRX 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 Convertible Securities Inst2 expense ratio is high compared to funds in the Convertibles category. Columbia Convertible Securities Inst2 has an expense ratio of 0.80%, which is 28% 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 Convertible Securities Inst2 has a portfolio turnover rate of 212%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 109% for the Convertibles category.
Recently, in the month of July 2026, Columbia Convertible Securities Inst2 returned -5.1%, which earned it a grade of B, as the Convertibles category had an average return of -4.5%. 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.
Columbia Convertible Securities Inst2 has a trailing yield of 1.55%, which is below the 1.71% category average. The fund normally distributes its income quarterly and its capital gains semi-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 Convertible Securities Inst2 Grades
Year to date, the fund has returned 17.0%, 4.0 percentage points better than the category, which translates into a grade of A. The fund has returned 27.4% over the past year (grade of A), 15.8% over the past three years (grade of B) and 6.8% per year over the past five years (grade of B) and 12.7% per year over the past 10 years (grade of A).
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COCRX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| COCRX Return (NAV) | -5.1% | 2.7% | 27.4% | 15.8% | 6.8% | 12.7% |
| COCRX Grade | B | B | A | B | B | A |
| +/- Category | -0.7% | 1.6% | 6.5% | 2.0% | 1.2% | 1.9% |
| Convertibles Avg | -4.5% | 1.1% | 20.9% | 13.8% | 5.6% | 10.7% |
| COCRX Tax Cost Ratio | na | na | 1.7% | 1.2% | 2.0% | 2.1% |
COCRX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| COCRX Return (NAV) | 17.0% | 20.0% | 9.8% | 12.3% | -19.4% | 4.2% | 48.4% | 26.6% | -0.7% | 15.5% | 11.6% |
| COCRX Grade | A | B | D | A | D | C | B | A | B | B | B |
| +/- Category | 4.0% | 3.8% | -1.4% | 3.6% | -1.6% | -0.7% | 5.9% | 3.7% | 0.8% | 1.7% | 3.5% |
| Convertibles Avg | 13.0% | 16.1% | 11.2% | 8.7% | -17.8% | 4.9% | 42.4% | 22.9% | -1.6% | 13.8% | 8.1% |
| Risk Measures | |
| Standard Deviation: | 13.1% |
| Total Risk Index: | 1.07 - Above Average |
| Category Risk Index: | 1.13 - High |
| Category Risk Grade: | F (86% Rank) |
| Beta: | 1.18 |
| R-Squared: | 71% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 1.6% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $1743 Mil |
| Fund Total Assets: | $ 174 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 212% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 20.4 years | |||
| Average Tenure: 14.2 years | |||
| Managers (Year): Jin Yan (2006), King David (2010), Lee Grace (2020) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 121 |
| % in Top 10 Holdings: | 22.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 4.6% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 14.4% |
| Domestic Bond: | 3.4% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 73.9% |
| Other: | 0.0% |
| Cash: | 3.8% |
Purchase Information
| Fund Family: | Columbia Threadneedle |
| Phone Number: | 800-345-6611 |
| Website: | www.columbiamanagement.com |
| Status: | Open |
| Inception Date: | November 8, 2012 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.80% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.11% |
| Share Class: | Columbia Convertible Securities A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
