Fund Evaluator:

Columbia Select Mid Cap Value Instl 2 Overview

Columbia Select Mid Cap Value Instl 2 (CVERX) is an actively managed U.S. Equity Mid-Cap Value fund. Columbia Threadneedle launched the fund in 2012.

The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of companies that have market capitalizations in the range of the companies in the Russell Midcap® Value Index (the index) at the time of purchase that the fund's investment manager believes are undervalued and have the potential for long-term growth. It may invest up to 20% of its total assets in foreign securities. The fund normally invests in common stocks and also may invest in real estate investment trusts.

About Columbia Select Mid Cap Value Instl 2 (CVERX)

There are 2 members of the management team with an average tenure of 10.18 years: Jonas Patrikson (2014), Kari Montanus (2018). 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 Russell Mid Cap Value TR USD index with a weighting of 100%. Columbia Select Mid Cap Value Instl 2 has 52 securities in its portfolio. The top 10 holdings constitute 26.2% 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 Select Mid Cap Value Instl 2 is part of the Equity global asset class and is within the U.S. Equity fund group. Columbia Select Mid Cap Value Instl 2 has 4.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 92.7%. There is 4.8% 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). Columbia Select Mid Cap Value Instl 2 has 2.5% of the portfolio in cash.

Assets Under Management

The fund has $89 million in total assets, which is below the $642 million average for the Mid-Cap Value 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.

CVERX 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 Select Mid Cap Value Instl 2 expense ratio is high compared to funds in the Mid-Cap Value category. Columbia Select Mid Cap Value Instl 2 has an expense ratio of 0.80%, which is 23% 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 Select Mid Cap Value Instl 2 has a portfolio turnover rate of 15%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Value category.

Recently, in the month of July 2026, Columbia Select Mid Cap Value Instl 2 returned 1.0%, which earned it a grade of D, as the Mid-Cap Value category had an average return of 1.7%. 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 Select Mid Cap Value Instl 2 has a trailing yield of 0.69%, which is below the 0.87% 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 Select Mid Cap Value Instl 2 Grades

Year to date, the fund has returned 25.2%, 9.7 percentage points better than the category, which translates into a grade of A. The fund has returned 35.6% over the past year (grade of A), 18.2% over the past three years (grade of A) and 12.6% per year over the past five years (grade of A) and 12.3% per year over the past 10 years (grade of A).

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