Columbia Adaptive Risk Allocation Fund

C000147083 Fund Overview

Columbia Adaptive Risk Allocation Fund is a US mutual fund managed by Columbia Funds Series Trust I, categorised as Total Return Allocation. 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: Total Return Allocation
• Assets under management: $2.59B
• 1-year return: 15.5%
• SEC CIK: 0000773757
• SEC series ID: S000037262
• Share class ID: C000147083

C000147083 Investment Objective and Strategy

Columbia Adaptive Risk Allocation 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 Adaptive Risk Allocation Fund (the Fund) pursues consistent total returns by seeking to allocate risks across multiple asset classes.

Principal investment strategy

Under normal circumstances, the Fund pursues its investment objective by allocating portfolio risk across multiple asset classes in U.S. and non-U.S. markets with the goal of generating consistent risk-adjusted returns. For these purposes, risk is the expected volatility (i.e., dispersion of returns) of a security, market, index or asset class, as determined by Columbia Management Investment Advisers, LLC (the Investment Manager). The Investment Manager employs quantitative and fundamental methods to identify distinct market states and creates a strategic risk allocation for each state that is intended to generate attractive risk-adjusted returns in that market state. Allocations of risk to asset classes may differ significantly across market states. In addition to strategic risk allocations based on the market state, the Investment Manager may make tactical adjustments within and among asset classes and pursue opportunistic strategies in response to changing market, economic or other conditions.

The Investment Manager may use a variety of security and instrument types to gain exposure to equity securities, inflation-hedging assets and fixed income securities (generally consisting of fixed income securities issued by governments, which are referred to as interest rate assets, and other fixed income securities, which are referred to as spread assets). The Fund may invest in securities and instruments issued by both U.S. and non-U.S. entities, including issuers in emerging market countries. The Fund may also invest in currencies. The Fund may invest in companies that have market capitalizations of any size. The Fund may invest in fixed income securities of any maturity (and does not seek to maintain a particular dollar-weighted average maturity) and of any credit quality, including investments that are rated below investment-grade or are deemed to be of comparable quality (commonly referred to as high yield securities or junk bonds).

The Fund may invest in privately placed and other securities or instruments that are purchased and sold pursuant to Rule 144A or other exemptions under the Securities Act of 1933, as amended, subject to liquidity determinations and certain regulatory restrictions. The Fund may invest in derivatives, such as forward contracts (including forward foreign currency contracts), futures (including currency, equity, index, interest rate and other bond futures), options and swaps (including credit default swaps, credit default swap indexes, interest rate swaps, and total return swaps). The Fund may invest in derivatives for both hedging and non-hedging purposes, including, for example, seeking to enhance returns or as a substitute for a position in an underlying asset. The Fund may invest in derivatives to manage the Fund's overall risk exposure.

The Fund also expects to use derivatives to obtain leverage (market exposure in excess of the Funds assets). The Fund may utilize significant amounts of leverage within certain asset classes and during certain market states in order to maintain attractive expected risk-adjusted returns while adhering to the Fund's risk allocation framework. The Fund may also take short positions, for hedging or investment purposes. The Fund may hold a significant amount of cash, money market instruments (which may include investments in one or more affiliated or unaffiliated money market funds or similar vehicles), other high-quality, short-term investments, or other liquid assets for investment purposes or to meet its segregation obligations as a result of its investments in derivatives. In certain market conditions, the Fund may have no market positions (i.e., the Fund may hold only cash and cash equivalents) when the Investment Manager believes it is in the best interests of the Fund.

The Fund may invest in the securities and instruments described herein directly or indirectly through investments in other mutual funds, real estate investment trusts, closed-end funds and exchange-traded funds (ETFs) (including both leveraged and inverse ETFs) managed by third parties or the Investment Manager or its affiliates. Depending on current and expected market and economic conditions, the Fund may invest all of its assets in underlying funds. 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.

C000147083 Holdings

Top 10 holdings of Columbia Adaptive Risk Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000147083 holdings

C000147083 Portfolio Allocation

Asset-class allocation of Columbia Adaptive Risk Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000147083 Performance

Total returns for C000147083 (as of 2026-10-01), from SEC filings.

C000147083 Risk Information

Risk metrics for C000147083, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 8.0%

C000147083 Costs and Fees

C000147083 costs about $81 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.81%
• Gross expense ratio: 0.81%
• Portfolio turnover: 190%
• Brokerage commissions: 1.18 bps of average net assets (SEC N-CEN)

C000147083 Cashflows

Over the 12 months to 2026-05, Columbia Adaptive Risk Allocation Fund had net outflows of $200.11M, from monthly SEC N-PORT filings.

C000147083 Debt Constituents

Largest debt holdings of Columbia Adaptive Risk Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000147083 Prospectus and SEC Filings

Official Columbia Adaptive Risk Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-09-24
• Prospectus (485BPOS) — filed 2025-09-24
• Prospectus (485BPOS) — filed 2024-09-24
• Portfolio holdings (N-PORT) — filed 2026-07-29
• Portfolio holdings (N-PORT) — filed 2026-04-27
• Portfolio holdings (N-PORT) — filed 2026-01-28
• Annual census (N-CEN) — filed 2026-08-10
• Annual census (N-CEN) — filed 2025-08-11

Related Funds

Other Total Return Allocation funds tracked on ABC INVEST:

• Federated Total Return Bond Fund (FTRFX)
• Columbia Balanced Fund (CBLAX)
• MFS Total Return Fund (MSFRX)
• AllianzGI Income & Growth Fund (AZNAX)
• AQR Risk Parity Fund (AQRNX)

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.