BOSTON–(COMMERCIAL THREAD) – Columbia Threadneedle Investments today announced that the Columbia Select Mid Cap Value Fund has celebrated its 20th anniversary. The Morningstar-rated five-star fund is ranked in the top quartile for the three, five and 10 year periods ending November 30, 2021. In addition, the Columbia Select Mid Cap Value Fund received a Lipper Fund Award for its performance. over three years, ending December 31, 2020. ¹

The Columbia Select Mid Cap Value Fund aims to generate long-term outperformance by investing in underrated companies that may exhibit accelerating earnings growth. With three decades of investment management experience, Senior Portfolio Manager Kari Montanus and Co-Portfolio Manager Jonas Patrikson use a high conviction, bottom-up approach when selecting securities for the fund. They look for cheap and disadvantaged businesses where they can identify a catalyst for change. Montanus has been lead portfolio manager of Columbia Select Mid Cap Value Fund since May 2018.

“We believe that the average value of capitalizations is currently the“ sweet spot ”of the market. This little-known asset class can be a source of diversification for investors, as it offers exposure to sectors of the economy likely to benefit from more persistent inflation and the reopening of the economy. Currently, we are finding opportunities in the energy, consumer discretionary, tech and real estate sectors that we believe will benefit from the current economic environment, ”said Montanus.

Despite the historic strong outperformance of the asset class, mid-cap value funds have a small market share according to Morningstar (less than 1.5% of U.S. mutual fund assets under management), so that many investors may miss out on the return potential of the asset class.

The fund holds 40-50 stocks, the team’s best ideas, and is built with balanced exposure to stocks at different stages of their investment lifecycle. “Basic research is at the heart of our approach. Over the years, we’ve proven that we can identify companies early on that are ready for positive change. We are patient investors who are ready to give companies the time to turn the tide and become better companies, ”said CEO Montanus.

To complement their approach, the portfolio management team draws on the company’s comprehensive fundamental, quantitative and responsible investment research capabilities, including 160 analysts and research associates with in-depth industry knowledge and offering a comprehensive sector coverage.

Morningstar Ratings and Rankings

Category: US Fund Mid-Cap Value as of November 30, 2021

Ratings and rankings shown for Institutional Share Class. Other classes may have different performance characteristics and may have different ratings. Morningstar Star Ratings are based on a risk-adjusted performance measure of Morningstar. Morningstar percentile rankings are based on annualized total returns.

About Columbia Threadneedle Investments

Columbia Threadneedle Investments is a leading global asset manager providing a broad range of investment strategies and solutions for individuals, institutions and businesses around the world. With more than 2,500 people, including more than 650 investment professionals based in North America, Europe and Asia², we manage $ 714 billion in assets across developed and emerging market equities, fixed income, asset allocation solutions and alternatives.³

Columbia Threadneedle Investments is the global asset management group of Ameriprise Financial, Inc. (NYSE: AMP). For more information, please visit columbiathreadneedleus.com. follow us on Twitter.

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand of the Columbia and Threadneedle group of companies.

¹ Source: Refinitiv. A Lipper Fund Award is given to a fund in each Lipper classification for achieving the highest consistent risk-adjusted performance trend against its peers in the classification over the three to five or 10 year periods ending December 31 2020. Rewards are based on fund performance for the previous calendar year and do not include sales charges. Columbia Select Mid Cap Value Inst 3 received a Lipper Fund Award for the 3-year period ending December 31, 2020, in the Mid-Cap Value Funds category of 34 funds.

² As of November 8, 2021, Columbia Threadneedle Investments, including BMO GAM (EMEA)

³ As of September 30, 2021. Includes all assets managed by the Columbia and Threadneedle group of companies entities.

Investors should carefully consider the investment objectives, risks, fees and expenses of a mutual fund before investing. For a free prospectus or summary prospectus, which contains this and other important information about the funds, visit www.columbiathreadneedleus.com/investor/. Read the prospectus carefully before investing.

Morningstar percentile rankings are based on the average annual total returns of funds in the category for the periods shown. They do not include sales charges or redemption charges but include operating costs and the reinvestment of dividends and distributions of capital gains. The rankings of the share classes vary due to different expenses. If the sales charge or redemption charge were included, the total returns would be lower.

For each fund with at least three years of history, Morningstar calculates a Morningstar Rating ™ used to rank the fund against other funds in the same category. It is calculated on the basis of a Morningstar risk-adjusted return measure that takes into account the variation in the monthly excess performance of a fund, without any adjustment for charges (entry, deferred or redemption), placing more emphasis on downward fluctuations and rewarding consistent performance. Exchange-traded funds and open-ended mutual funds are considered a single population for comparison purposes. The richest 10% of each category receives 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars and the lowest 10% 1 star. (Each share class is counted as a fraction of a fund within this scale and rated separately, which may cause slight variations in the payout percentages.) A fund’s overall Morningstar Rating is derived from a weighted average of the performance numbers associated with its three, five and ten year Morningstar rating measures (if applicable).

© 2021 Morningstar, Inc. All rights reserved. The Morningstar information contained in this document: (1) is the property of Morningstar and / or its content providers; (2) may not be copied or distributed; and (3) is not guaranteed to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses resulting from the use of this information.

The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy securities of any entity in any jurisdiction. For more information, see lipperfundawards.com.

Columbia funds are distributed by Columbia Management Investment Distributors, Inc., a member of FINRA, and managed by Columbia Management Investment Advisers, LLC.

© 2021 Columbia Management Investment Advisers, LLC. All rights reserved.

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