Fund Evaluator:
Columbia Global Opportunities A (IMRFX)
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Best Performing in Global Moderate Allocation Over the Last Year
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Fund Details
Columbia Global Opportunities A Overview
Columbia Global Opportunities A (IMRFX) is an actively managed Allocation Global Moderate Allocation fund. Columbia Threadneedle launched the fund in 1985.
The investment seeks maximum total return. The fund's assets may be allocated to equity, debt/fixed income and money market instruments, and investments that provide exposure to commodities markets, including the Columbia Commodity Strategy Fund. The fund's equity security investments include: emerging market equities, international developed market equities, and U.S. equities. The fund's debt/fixed income security investments include: U.S. investment-grade bonds, international bonds, emerging market bonds, U.S. high yield (junk) bonds, convertible bonds, mortgage- and other asset-backed securities, and short-term money market instruments.
About Columbia Global Opportunities A (IMRFX)
There are 2 members of the management team with an average tenure of 6.74 years: Daniel Boncarosky (2017), Thomas Nakamura (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 3 primary benchmarks: MSCI ACWI All Cap NR USD index with a weighting of 50%, Bloomberg Global Aggregate TR USD index with a weighting of 50% and MSCI ACWI All Cap NR USD index with a weighting of 100%. Columbia Global Opportunities A has 470 securities in its portfolio. The top 10 holdings constitute 41.8% 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 Global Opportunities A is part of the Allocation global asset class and is within the Allocation fund group. Columbia Global Opportunities A has 40.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 39.6%. There is 22.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 38.9% (20.7% domestic bond, 18.2% foreign bond and 0.0% convertible bond). Columbia Global Opportunities A has -7.5% of the portfolio in cash.
Assets Under Management
The fund has $299 million in total assets, which is below the $947 million average for the Global Moderate 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.
IMRFX 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 Global Opportunities A expense ratio is high compared to funds in the Global Moderate Allocation category. Columbia Global Opportunities A has an expense ratio of 1.22%, which is 17% higher than its category average, making the fund expense ratio grade a D. 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 Global Opportunities A has a portfolio turnover rate of 100%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.
Recently, in the month of July 2026, Columbia Global Opportunities A returned -0.6%, which earned it a grade of D, as the Global Moderate Allocation category had an average return of 0.3%. 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 Global Opportunities A has a trailing yield of 2.20%, which is below the 2.61% 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 Global Opportunities A Grades
Year to date, the fund has returned 5.4%, 2.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 13.4% over the past year (grade of F), 10.4% over the past three years (grade of F) and 3.0% per year over the past five years (grade of F) and 5.6% per year over the past 10 years (grade of F).
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IMRFX 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 |
|
| IMRFX Return (NAV) | -0.6% | 0.9% | 13.4% | 10.4% | 3.0% | 5.6% |
| IMRFX Grade | D | F | F | F | F | F |
| +/- Category | -0.8% | -1.2% | -2.6% | -1.5% | -3.2% | -1.6% |
| Global Moderate Allocation Avg | 0.3% | 2.1% | 16.0% | 11.9% | 6.2% | 7.3% |
| IMRFX Tax Cost Ratio | na | na | 4.2% | 1.5% | 1.6% | 1.1% |
IMRFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IMRFX Return (NAV) | 5.4% | 16.0% | 7.5% | 11.3% | -21.0% | 6.3% | 12.5% | 15.6% | -7.0% | 18.2% | 4.9% |
| IMRFX Grade | F | C | D | D | F | F | B | F | C | A | D |
| +/- Category | -2.8% | -0.1% | -1.0% | -0.9% | -7.6% | -5.3% | 2.7% | -2.1% | 0.1% | 4.2% | -1.7% |
| Global Moderate Allocation Avg | 8.1% | 16.1% | 8.4% | 12.2% | -13.4% | 11.6% | 9.8% | 17.7% | -7.1% | 14.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 9.4% |
| Total Risk Index: | 0.76 - Below Average |
| Category Risk Index: | 1.02 - Above Average |
| Category Risk Grade: | D (72% Rank) |
| Beta: | 0.97 |
| R-Squared: | 95% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Extensive Sensitivity |
| Yield: | 2.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $311 Mil |
| Fund Total Assets: | $ 300 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 100% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.5 years | |||
| Average Tenure: 6.7 years | |||
| Managers (Year): Boncarosky Daniel (2017), Nakamura Thomas (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 470 |
| % in Top 10 Holdings: | 41.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 40.9% |
Portfolio Allocation |
|
| Domestic Stock: | 39.6% |
| Foreign Stock: | 22.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 20.7% |
| Foreign Bond: | 18.2% |
| Convertible Bond: | 0.0% |
| Other: | 6.3% |
| Cash: | -7.5% |
Purchase Information
| Fund Family: | Columbia Threadneedle |
| Phone Number: | 800-345-6611 |
| Website: | www.columbiamanagement.com |
| Status: | Open |
| Inception Date: | January 23, 1985 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.22% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | Columbia Global Opportunities A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
