• Tri-Continental Corporation

    Morningstar Category: Large Value (CE)
  • TY
  • NAV
    $ 23.42
    as of 04/17/2014
  • Market Price
    $ 20.09
  • Premium/Discount
    -14.22%
Investment Objective

The Corporation's objective is to produce future growth of both capital and income while providing reasonable current income.

Total Return Performance(%) as of 03/31/2014

 
Cumulative
Average Annual
  1 Mo 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr Since Incep*
NAV 1.48 2.27 20.11 15.05 22.48 5.91 -
Market Price 1.94 1.38 18.48 14.87 22.27 5.93 -
Total Annual Expenses: 0.60%
 
Cumulative
Average Annual
  1 Mo 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr Since Incep*
NAV 1.48 2.27 20.11 15.05 22.48 5.91 -
Market Price 1.94 1.38 18.48 14.87 22.27 5.93 -
Total Annual Expenses: 0.60%

Top Holdings (% of Net Assets) as of 03/31/2014

JPMorgan Chase & Co 1.97
Apple 1.96
Verizon Communications Inc 1.84
Cisco Systems 1.65
ConocoPhillips 1.62

View more holdings. Fund holdings are as of the date given, are subject to change at any time and are not recommendations to buy or sell a security.

Morningstar Equity Style Box as of 03/31/2014

Fund Facts

Morningstar Category Large Value (CE)
Distribution Schedule Quarterly
Commencement of Operations -
IPO Date 01/05/1929
CUSIP 895436103

Investment Risk

The net asset value of shares may not always correspond to the market price of such shares. Shares of many closed-end funds frequently trade at a discount from their net asset value. Tri-Continental Corporation is subject to stock market risk, which is the risk that stock prices overall will decline over short or long periods, adversely affecting the value of an investment in the Fund. The Corporation may invest in foreign securities, which involve certain risks not associated with investments in U.S. companies, including political, regulatory, economic, social, and other conditions or events occurring in the particular country, as well as fluctuations in its currency and the risks associated with less developed custody and settlement practices. Risks are particularly significant in emerging markets. The Corporation's use of leverage exposes it to greater risks due to unanticipated market movements, which may magnify losses and increase volatility of returns. The Corporation's use of derivatives introduces risks possibly greater than the risks associated with investing directly in the investments underlying the derivatives. A relatively small price movement in an underlying investment may result in a substantial gain or loss. There are risks associated with fixed income investments, including credit risk, interest rate risk, and prepayment and extension risk. In general, bond prices rise when interest rates fall and vice versa. This effect is more pronounced for longer-term securities.

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown.

*Fund inception is 1929.

Net Asset Value (NAV) represents the total value of all assets held by the Fund (minus its total liabilities), divided by the total number of common shares outstanding. Market price is the price at which investors may purchase or sell shares of the Fund. Market price is determined in the open market by buyers and sellers, based on supply and demand. The Fund's Market Price fluctuates throughout the day and may differ from its underlying NAV. Shares of the Fund may trade at a premium (higher than) or a discount(lower than) to NAV. The difference between the market price and the NAV (Premium/Discount) is expressed as a percentage of NAV.

Tri-Continental is managed by Columbia Management Investment Advisers, LLC.

The Morningstar Style Box™ is based on the Fund's portfolio holdings as of period end. For equity funds, the vertical axis shows the market capitalization of the stocks owned, and the horizontal axis shows investment style (value, blend, or growth). Information shown is based on the most recent data provided by Morningstar.

Total Return Performance as of 03/31/2014

 
Cumulative
Average Annual
  1 Mo 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr Since Incep*
NAV 1.48 2.27 20.11 15.05 22.48 5.91 -
Market Price 1.94 1.38 18.48 14.87 22.27 5.93 -
Total Annual Expenses: 0.60%
 
Cumulative
Average Annual
  1 Mo 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr Since Incep*
NAV 1.48 2.27 20.11 15.05 22.48 5.91 -
Market Price 1.94 1.38 18.48 14.87 22.27 5.93 -
Total Annual Expenses: 0.60%

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown.

*Fund inception is 1929.

Net Asset Value (NAV) represents the total value of all assets held by the Fund (minus its total liabilities), divided by the total number of common shares outstanding. Market price is the price at which investors may purchase or sell shares of the Fund. Market price is determined in the open market by buyers and sellers, based on supply and demand. The Fund's Market Price fluctuates throughout the day and may differ from its underlying NAV. Shares of the Fund may trade at a premium (higher than) or a discount(lower than) to NAV. The difference between the market price and the NAV (Premium/Discount) is expressed as a percentage of NAV.

Tri-Continental is managed by Columbia Management Investment Advisers, LLC.

Top Holdings (% of Net Assets) as of 03/31/2014

View Holdings as of  
Holding Net assets  
JPMorgan Chase & Co 1.97
Apple 1.96
Verizon Communications Inc 1.84
Cisco Systems 1.65
ConocoPhillips 1.62
Microsoft 1.60
Chevron 1.58
Pfizer 1.48
Oracle 1.35
Raytheon Co 1.23

View full holdings. Fund holdings are as of the date given, are subject to change at any time and are not recommendations to buy or sell a security.

Net Asset Value (NAV) represents the total value of all assets held by the Fund (minus its total liabilities), divided by the total number of common shares outstanding. Market price is the price at which investors may purchase or sell shares of the Fund. Market price is determined in the open market by buyers and sellers, based on supply and demand. The Fund's Market Price fluctuates throughout the day and may differ from its underlying NAV. Shares of the Fund may trade at a premium (higher than) or a discount(lower than) to NAV. The difference between the market price and the NAV (Premium/Discount) is expressed as a percentage of NAV.

Tri-Continental is managed by Columbia Management Investment Advisers, LLC.

Portfolio Management

  • Brian M. Condon, CFA
  • David King, CFA
  • Oliver Buckley
  • Yan Jin