Fund Evaluator:
Columbia US Treasury Index A (LUTAX)
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Best Performing in Intermediate Government Over the Last Year
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| 3.4% | Fidelity Advisor Government Income Z (FIKPX) |
| 3.3% | Fidelity Government Income (FGOVX) |
Fund Details
Columbia US Treasury Index A Overview
Columbia US Treasury Index A (LUTAX) is a passively managed Taxable Bond Intermediate Government fund. Columbia Threadneedle launched the fund in 2002.
The investment seeks total return that corresponds to the total return of the FTSE USBIG Treasury Index, before fees and expenses. Under normal circumstances, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in securities that comprise the FTSE USBIG Treasury Index (the index). The index is an unmanaged index composed of U.S. Treasury notes and bonds with remaining maturities of at least one year and outstanding principal of at least $5 billion and which are included in the FTSE U.S. Broad Investment-Grade Bond Index.
About Columbia US Treasury Index A (LUTAX)
There are 1 members of the management team with an average tenure of 1.66 years: David Janssen (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and FTSE USBIG Treasury index with a weighting of 100%. Columbia US Treasury Index A has 285 securities in its portfolio. The top 10 holdings constitute 8.9% 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.
Columbia US Treasury Index A is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Columbia US Treasury Index A has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.0% (99.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Columbia US Treasury Index A has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $40 million in total assets, which is below the $935 million average for the Intermediate Government 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.
LUTAX 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 US Treasury Index A expense ratio is below average compared to funds in the Intermediate Government category. Columbia US Treasury Index A has an expense ratio of 0.32%, which is 48% 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 US Treasury Index A has a portfolio turnover rate of 42%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 100% for the Intermediate Government category.
Recently, in the month of June 2026, Columbia US Treasury Index A returned 0.3%, which earned it a grade of A, as the Intermediate Government category had an average return of 0.2%. 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 US Treasury Index A has a trailing yield of 3.58%, which is above the 3.49% category average. The fund normally distributes its income monthly 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 US Treasury Index A Grades
Year to date, the fund has returned 0.3%, 0.1 percentage points better than the category, which translates into a grade of C. The fund has returned 2.5% over the past year (grade of D), 2.9% over the past three years (grade of F) and -0.7% per year over the past five years (grade of D) and 0.5% per year over the past 10 years (grade of D).
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LUTAX 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 |
|
| LUTAX Return (NAV) | 0.3% | 0.3% | 2.5% | 2.9% | -0.7% | 0.5% |
| LUTAX Grade | A | B | D | F | D | D |
| +/- Category | 0.1% | 0.1% | -0.3% | -0.5% | -0.4% | -0.3% |
| Intermediate Government Avg | 0.2% | 0.2% | 2.8% | 3.4% | -0.3% | 0.8% |
| LUTAX Tax Cost Ratio | na | na | 1.4% | 1.3% | 1.1% | 0.9% |
LUTAX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LUTAX Return (NAV) | 0.3% | 5.9% | 0.4% | 3.8% | -12.7% | -2.7% | 7.6% | 6.4% | 0.5% | 2.0% | 0.7% |
| LUTAX Grade | C | F | D | C | D | F | C | B | C | C | D |
| +/- Category | 0.1% | -1.1% | -0.3% | 0.0% | -0.9% | -0.7% | 0.4% | 0.6% | 0.0% | 0.2% | -0.1% |
| Intermediate Government Avg | 0.1% | 6.9% | 0.7% | 3.8% | -11.8% | -2.0% | 7.3% | 5.9% | 0.5% | 1.8% | 0.8% |
| Risk Measures | |
| Standard Deviation: | 4.9% |
| Total Risk Index: | 0.40 - Low |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (21% Rank) |
| Beta: | 0.87 |
| R-Squared: | 98% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 3.6% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $614 Mil |
| Fund Total Assets: | $ 41 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 42% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.7 years | |||
| Average Tenure: 1.7 years | |||
| Managers (Year): Janssen David (2024) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 285 |
| % in Top 10 Holdings: | 8.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.0% |
Purchase Information
| Fund Family: | Columbia Threadneedle |
| Phone Number: | 800-345-6611 |
| Website: | www.columbiathreadneedleus.com |
| Status: | Open |
| Inception Date: | November 25, 2002 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.15% |
Expenses and Fees | |
| Expense Ratio (%): | 0.32% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.61% |
| Share Class: | Columbia US Treasury Index Inst |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
