Fund Evaluator:
Columbia Thermostat S (COTDX)
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Best Performing in Tactical Allocation Over the Last Year
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Fund Details
Columbia Thermostat S Overview
Columbia Thermostat S (COTDX) is an actively managed Allocation Tactical Allocation fund. Columbia Threadneedle launched the fund in 2024.
The investment seeks long-term capital appreciation. The fund is primarily managed as a fund that invests in other funds that seeks to achieve its investment objective by investing its assets among a selected group of underlying stock and bond mutual funds and ETFs. It allocates at least 95% of its net assets (stock/bond assets) among the portfolio funds according to an asset allocation table based on the current level of the Standard & Poor’s (S&P) 500® Index. The fund may invest up to 5% of net assets plus any cash received that day in cash, high quality short-term paper and government securities.
About Columbia Thermostat S (COTDX)
There are 2 members of the management team with an average tenure of 3.84 years: Corey Lorenzen (2023), Alex Rivas (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Columbia Thermostat S has 13 securities in its portfolio. The top 10 holdings constitute 96.2% 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 Thermostat S is part of the Allocation global asset class and is within the Allocation fund group. Columbia Thermostat S has 6.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 34.6%. There is 0.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 61.8% (55.7% domestic bond, 6.1% foreign bond and 0.1% convertible bond). Columbia Thermostat S has 3.1% of the portfolio in cash.
Assets Under Management
The fund has $12 million in total assets, which is below the $222 million average for the Tactical Allocation 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.
COTDX 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 Thermostat S expense ratio is above average compared to funds in the Tactical Allocation category. Columbia Thermostat S has an expense ratio of 0.62%, which is 65% lower than its category average, making the fund expense ratio grade a A. 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 Thermostat S has a portfolio turnover rate of 84%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 196% for the Tactical Allocation category.
Recently, in the month of July 2026, Columbia Thermostat S returned -0.7%, which earned it a grade of C, as the Tactical Allocation category had an average return of -0.9%. 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 Thermostat S has a trailing yield of 3.28%, which is above the 2.86% category average. The fund normally distributes its income annually and its capital gains 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 Thermostat S Grades
Year to date, the fund has returned 2.4%, 5.9 percentage points worse than the category, which translates into a grade of F. The fund has returned 7.4% over the past year (grade of F), 9.8% over the past three years (grade of C) and 4.2% per year over the past five years (grade of D) and 7.5% per year over the past 10 years (grade of B).
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COTDX 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 |
|
| COTDX Return (NAV) | -0.7% | 0.4% | 7.4% | 9.8% | 4.2% | 7.5% |
| COTDX Grade | C | D | F | C | D | B |
| +/- Category | 0.1% | -1.1% | -8.8% | -0.8% | -1.1% | 1.2% |
| Tactical Allocation Avg | -0.9% | 1.5% | 16.2% | 10.6% | 5.3% | 6.3% |
| COTDX Tax Cost Ratio | na | na | 1.3% | na | na | na |
COTDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| COTDX Return (NAV) | 2.4% | 15.0% | 8.0% | 11.7% | -12.9% | 6.4% | 29.6% | 15.1% | 0.1% | 5.5% | 4.7% |
| COTDX Grade | F | B | C | C | C | F | A | B | A | F | C |
| +/- Category | -5.9% | 2.3% | -1.0% | 0.9% | 0.2% | -6.3% | 19.4% | 1.6% | 6.4% | -7.7% | -0.9% |
| Tactical Allocation Avg | 8.4% | 12.7% | 8.9% | 10.8% | -13.1% | 12.7% | 10.2% | 13.5% | -6.2% | 13.2% | 5.6% |
| Risk Measures | |
| Standard Deviation: | 7.5% |
| Total Risk Index: | 0.61 - Below Average |
| Category Risk Index: | 0.74 - Below Average |
| Category Risk Grade: | B (21% Rank) |
| Beta: | 0.74 |
| R-Squared: | 85% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 3.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1240 Mil |
| Fund Total Assets: | $ 13 Mil |
| Share Class Type: | S |
| Portfolio Turnover: | 84% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.3 years | |||
| Average Tenure: 3.8 years | |||
| Managers (Year): Rivas Alex (2022), Lorenzen Corey (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 13 |
| % in Top 10 Holdings: | 96.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.3% |
Portfolio Allocation |
|
| Domestic Stock: | 34.6% |
| Foreign Stock: | 0.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 55.7% |
| Foreign Bond: | 6.1% |
| Convertible Bond: | 0.1% |
| Other: | 0.1% |
| Cash: | 3.1% |
Purchase Information
| Fund Family: | Columbia Threadneedle |
| Phone Number: | 800-345-6611 |
| Website: | www.columbiathreadneedleus.com |
| Status: | Open |
| Inception Date: | October 2, 2024 |
| 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 (%): | 0.62% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.76% |
| Share Class: | Columbia Thermostat Inst |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
