Columbia Adaptive Retirement 2030 Fund Institutional 3 Class (CARMX)
Columbia Adaptive Retirement 2030 Fund Institutional 3 Class operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $7.91, up 0.00% on the session, giving a market capitalisation of $1.5M. Its beta of 0.64 implies it has historically moved less than the broad market.
This fund aims to achieve both long-term capital growth and a consistent stream of income. Typically, it pursues this objective by investing in a variety of other investment vehicles, which include both funds managed by affiliated entities and those managed by independent firms. This strategy provides exposure to a wide range of asset classes, such as stocks, fixed-income instruments sensitive to interest rates (rate assets), fixed-income instruments with credit risk (spread assets), and assets designed to protect against inflation. Under normal operating conditions, approximately 80% of the fund's net assets are anticipated to be allocated to two specific mutual funds: the Columbia Solutions Aggressive Portfolio and the Columbia Solutions Conservative Portfolio. These two underlying portfolios are also directly managed by the Investment Manager, enabling the advisor to precisely target its desired exposure and allocation across the aforementioned asset categories.
Columbia Adaptive Retirement 2030 Fund Institutional 3 Class is most often compared with the following Financial Services names: