Fund Evaluator:
Multi-Manager Value Strategies Inst (CZMVX)
Follow This Fund
Best Performing in Large Value Over the Last Year
| 39.1% | American Beacon Man Lg Cp Value Inv (BWLIX) |
| 33.9% | PGIM Jennison Focused Value Z (PJGZX) |
| 32.5% | LSV Conservative Value Equity Investor (LVAVX) |
| 31.7% | Fidelity Advisor Blue Chip Value Z (FFVPX) |
| 31.6% | Fidelity Blue Chip Value (FBCVX) |
Fund Details
Multi-Manager Value Strategies Inst Overview
Multi-Manager Value Strategies Inst (CZMVX) is an actively managed U.S. Equity Large Value fund. Columbia Threadneedle launched the fund in 2017.
The investment seeks to provide shareholders with growth of capital and income. The fund's assets primarily are invested in equity securities. These equity securities generally include common stocks, but may also include preferred stocks and convertible securities. It may invest in companies that have market capitalizations of any size. The fund may invest up to 25% of its net assets in foreign investments.
About Multi-Manager Value Strategies Inst (CZMVX)
There are 8 members of the management team with an average tenure of 2.83 years: Michael Barclay (2016), Mitchell Firestein (2025), Eduardo Repetto (2025), Ted Randall (2025), Tara Gately (2021), Matthew Dubin (2025), Andrew Wright (2024), Daniel Ong (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Multi-Manager Value Strategies Inst has 325 securities in its portfolio. The top 10 holdings constitute 18.9% 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 Value Strategies Inst is part of the Equity global asset class and is within the U.S. Equity fund group. Multi-Manager Value Strategies Inst has 1.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.7%. There is 1.7% 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 Value Strategies Inst has 2.6% of the portfolio in cash.
Assets Under Management
The fund has $5 billion in total assets, which is above the $1 billion average for the Large 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.
CZMVX 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 Value Strategies Inst expense ratio is above average compared to funds in the Large Value category. Multi-Manager Value Strategies Inst has an expense ratio of 0.69%, which is 26% 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. Multi-Manager Value Strategies Inst has a portfolio turnover rate of 49%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of June 2026, Multi-Manager Value Strategies Inst returned 1.3%, which earned it a grade of D, as the Large Value category had an average return of 1.6%. 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 Value Strategies Inst has a trailing yield of 1.10%, which is below the 1.25% category average. The fund normally distributes its income quarterly 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.
Multi-Manager Value Strategies Inst Grades
Year to date, the fund has returned 10.6%, 0.5 percentage points worse than the category, which translates into a grade of C. The fund has returned 18.9% over the past year (grade of D), 14.8% over the past three years (grade of D) and 9.3% per year over the past five years (grade of D) and 11.5% per year over the past 10 years (grade of C).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Multi-Manager Value Strategies Inst, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
CZMVX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CZMVX Return (NAV) | 1.3% | 7.6% | 18.9% | 14.8% | 9.3% | 11.5% |
| CZMVX Grade | D | D | D | D | D | C |
| +/- Category | -0.3% | -2.2% | -2.0% | -1.2% | -1.1% | 0.2% |
| Large Value Avg | 1.6% | 9.8% | 21.0% | 15.9% | 10.4% | 11.3% |
| CZMVX Tax Cost Ratio | na | na | 3.5% | 2.5% | 2.5% | na |
CZMVX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CZMVX Return (NAV) | 10.6% | 12.9% | 12.9% | 11.8% | -8.0% | 25.6% | 5.8% | 28.6% | -9.0% | 19.6% | 17.2% |
| CZMVX Grade | C | D | C | C | D | C | B | A | C | A | B |
| +/- Category | -0.5% | -2.3% | -1.2% | -0.0% | -1.9% | -0.2% | 2.0% | 3.0% | -0.5% | 3.2% | 2.7% |
| Large Value Avg | 11.1% | 15.2% | 14.1% | 11.8% | -6.1% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.5% |
| Risk Measures | |
| Standard Deviation: | 11.8% |
| Total Risk Index: | 0.97 - Average |
| Category Risk Index: | 0.98 - Average |
| Category Risk Grade: | C (41% Rank) |
| Beta: | 0.70 |
| R-Squared: | 61% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.1% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $5631 Mil |
| Fund Total Assets: | $5,631 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 49% |
Management Team
| Number of Managers: 8 | |||
| Longest Tenure: 10.0 years | |||
| Average Tenure: 2.8 years | |||
| Managers (Year): Barclay Michael (2016), Gately Tara (2021), Wright Andrew (2024), Ong Daniel (2025), Dubin Matthew (2025), Firestein Mitchell (2025), Repetto Eduardo (2025), Randall Ted (2025) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 325 |
| % in Top 10 Holdings: | 18.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.7% |
Portfolio Allocation |
|
| Domestic Stock: | 95.7% |
| Foreign Stock: | 1.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.6% |
Purchase Information
| Fund Family: | Columbia Threadneedle |
| Phone Number: | 800-345-6611 |
| Website: | www.columbiamanagement.com |
| Status: | Open |
| Inception Date: | January 3, 2017 |
| Min. Initial Purchase: | $ 100 |
| 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 (%): | 0.69% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | Multi-Manager Value Strategies Inst |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
