Investment objective & strategy
As of Nov. 24, 2025 · prospectusObjective. Columbia Income Opportunities Fund (the Fund) seeks to provide shareholders with a high total return through current income and capital appreciation.
Strategy. Under normal market conditions, the Funds assets are invested primarily in income-producing debt securities, with an emphasis on the higher rated segment of the high-yield (junk bond) market. These income-producing debt instruments include corporate debt securities as well as bank loans. The Fund will purchase only debt instruments rated B or above, or if unrated, determined to be of comparable quality. If a debt instrument falls below a B rating after investment by the Fund, the Fund may continue to hold the instrument. The Fund may invest up to 25% of its net assets in foreign investments. The Fund may at times emphasize one or more sectors in selecting its investments. Corporate debt instruments in which the Fund invests are … Under normal market conditions, the Funds assets are invested primarily in income-producing debt securities, with an emphasis on the higher rated segment of the high-yield (junk bond) market. These income-producing debt instruments include corporate debt securities as well as bank loans. The Fund will purchase only debt instruments rated B or above, or if unrated, determined to be of comparable quality. If a debt instrument falls below a B rating after investment by the Fund, the Fund may continue to hold the instrument. The Fund may invest up to 25% of its net assets in foreign investments. The Fund may at times emphasize one or more sectors in selecting its investments. Corporate debt instruments in which the Fund invests are typically unsecured, with a fixed-rate of interest, and are usually issued by companies or similar entities to provide financing for their operations, or other activities. The Fund may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity. Because the Fund emphasizes high-yield investments, more emphasis is put on credit risk by the portfolio managers in selecting investments than either maturity or duration. 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 certain regulatory restrictions.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| COLUMBIA SHORT TERM CASH FUND | — | $21.32M | 2.95% |
| COLUMBIA ETF TRUST I COLUMBIA SHORT DURATION HIGH YIELD ETF | — | $9.87M | 1.36% |
| HUB International Ltd. | — | $4.70M | 0.65% |
| Cloud Software Group, Inc. | — | $4.56M | 0.63% |
| CCO Holdings LLC / CCO Holdings Capital Corp | — | $4.36M | 0.60% |
| HUDBAY MINERALS INC REGD 144A P/P 6.12500000 | HBMCN | $4.36M | 0.60% |
| TRANSDIGM INC SR SECURED 144A 03/32 6.625 | TDG | $4.01M | 0.55% |
| HRI 7.25 06/15/33 144A | HRI | $3.99M | 0.55% |
| Venture Global Plaquemines LNG, LLC | — | $3.94M | 0.54% |
| T/L ASCEND LEARNING LLC REGD 0.00000000 | ASCLER | $3.92M | 0.54% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Columbia Variable Portfolio - Income Opportunities Fund | 85% | 0.64% |
| Columbia High Yield Bond Fund · INEAX, APECX, CHBRX, RSHRX, CHYZX, CHYYX, CHYEX | 75% | 0.62% |
| Columbia Variable Portfolio - High Yield Bond Fund | 74% | 0.64% |
Advisers
| Firm | Role |
|---|---|
| Columbia Management Investment Advisers, LLC | Adviser |
Footnotes
- Expense ratio as of November 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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