Columbia Real Estate Equity Fund
Data updated: 2026-08-28
C000032865 — Columbia Real Estate Equity Fund. United States Real Estate · $132.53M AUM · 2.00% expense ratio. Holdings, fees, performance and SEC filings.
C000032865 Fund Overview
Columbia Real Estate Equity Fund is a US mutual fund managed by Columbia Funds Series Trust I, categorised as United States Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Columbia Funds Series Trust I
- Category: United States Real Estate
- Assets under management: $132.53M
- 1-year return: 1.3%
- SEC CIK: 0000773757
- SEC series ID: S000012072
- Share class ID: C000032865
C000032865 Investment Objective and Strategy
Columbia Real Estate Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Columbia Funds Series Trust I.
Investment objective
Columbia Real Estate Equity Fund (the Fund) seeks capital appreciation and above-average income by investing, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in the stocks of companies principally engaged in the real estate industry, including real estate investment trusts (REITs).
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets ( plus the amount of any borrowings for investment purposes) in equity securities of companies principally engaged in the real estate industry (Real Estate Companies), including real estate investment trusts (REITs). A company is considered to be principally engaged in the real estate industry if at least 50% of its gross income or net profits are attributable to the ownership, construction, management or sale of residential, commercial or industrial real estate. The Fund will concentrate its investments in the real estate industry. The Fund takes long and short positions in equity REITs, mortgage REITs and hybrid REITs. The Funds investment strategy may involve the frequent trading of portfolio securities. The Fund is non-diversified, which means that it can invest a greater percentage of its assets in the securities of fewer issuers than can a diversified fund.
The Fund anticipates that its number of holdings will increase and, as a result, the Fund may operate as a diversified fund. In addition to making direct investments in Real Estate Companies, the Fund will invest in derivatives, particularly contracts for differences (CFDs), which are a type of swap arrangement, to obtain long and short exposures to Real Estate Companies. Columbia Management Investment Advisers, LLC (the Investment Manager) uses CFDs to express its view of relative value between Real Estate Companies operating in the same part of the real estate market. Specifically, the Investment Manager uses CFDs to extend the Funds long position in holdings of which it has a favorable view and enters into short positions in Real Estate Companies of which it has a less favorable view. CFDs create leverage, which may exaggerate increases or decreases in the value of the Funds overall portfolio.
Through investment in CFDs, the Fund generally expects exposures of approximately 30% (but normally not more than 35%) of the Funds net assets in short positions and approximately 130% (but normally not more than 135%) of the Funds net assets in long positions. The Investment Manager generally seeks to maintain CFD long and short exposures for the Fund that are approximately balanced. The Fund may include investments in derivatives towards its 80% policy. In selecting investments and determining investment exposures, including the Funds long and short positions through CFDs, the Investment Manager uses fundamental analysis in identifying investment opportunities and risks, and in constructing the Funds portfolio.
C000032865 Holdings
Top 10 holdings of Columbia Real Estate Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Welltower Inc | 12.54% |
| Equinix Inc | 9.25% |
| Prologis Inc | 9.15% |
| Simon Property Group Inc | 5.27% |
| Essex Property Trust Inc | 3.54% |
| Ventas Inc | 3.07% |
| Equity Residential | 2.94% |
| Digital Realty Trust Inc | 2.82% |
| Iron Mountain Inc | 2.74% |
| Public Storage | 2.68% |
C000032865 Portfolio Allocation
Asset-class allocation of Columbia Real Estate Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.8% |
| Cash & Equivalents | 0.6% |
C000032865 Performance
Total returns for C000032865 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.3% |
| 3 years (annualised) | -0.5% |
C000032865 Risk Information
Risk metrics for C000032865, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.4%
C000032865 Costs and Fees
C000032865 costs about $200 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.00%
- Gross expense ratio: 2.02%
- Portfolio turnover: 43%
- Brokerage commissions: 5.39 bps of average net assets (SEC N-CEN)
C000032865 Cashflows
Over the 12 months to 2026-06, Columbia Real Estate Equity Fund had net outflows of $37.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $1.11M |
| 2026-05 | −$3.48M |
| 2026-04 | −$10.35M |
| 2026-03 | −$1.33M |
| 2026-02 | −$1.55M |
| 2026-01 | −$1.04M |
C000032865 Debt Constituents
No individual debt constituents are reported in Columbia Real Estate Equity Fund's latest SEC N-PORT filing.
C000032865 Prospectus and SEC Filings
Official Columbia Real Estate Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-23
- Prospectus (485BPOS) — filed 2025-04-24
- Prospectus (485BPOS) — filed 2024-04-24
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-10
- Annual census (N-CEN) — filed 2025-03-12
Related Funds
Other United States Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.