Investment objective & strategy
As of Aug. 25, 2025 · prospectusObjective. Columbia Small Cap Value Discovery Fund (the Fund) seeks long-term capital appreciation.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of companies that have market capitalizations in the range of the companies in the Russell 2000 Value Index (the Index) at the time of purchase (between $ 48.7 million and $ 11.2 billion as of July 31, 2025 ), that the Funds investment manager believes are undervalued. The market capitalization range and composition of companies in the Index are subject to change. The Fund may invest up to 20% of its total assets in foreign securities. The Fund also may invest up to 20% of its total assets in real estate investment trusts. The Fund … Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of companies that have market capitalizations in the range of the companies in the Russell 2000 Value Index (the Index) at the time of purchase (between $ 48.7 million and $ 11.2 billion as of July 31, 2025 ), that the Funds investment manager believes are undervalued. The market capitalization range and composition of companies in the Index are subject to change. The Fund may invest up to 20% of its total assets in foreign securities. The Fund also may invest up to 20% of its total assets in real estate investment trusts. The Fund may at times emphasize one or more sectors in selecting its investments, including the financials sector.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| JOHN BEAN TECHNOLOGIES CORP | — | $26.18M | 1.29% |
| NATL FUEL GAS CO | — | $25.85M | 1.27% |
| MOOG INC-CLASS A | — | $25.84M | 1.27% |
| UFP INDUSTRIES INC | — | $24.22M | 1.19% |
| MERITAGE HOMES CORP | — | $23.51M | 1.16% |
| ESSENT GROUP LTD | — | $21.23M | 1.04% |
| KIRBY CORP | — | $21.04M | 1.04% |
| CUSHMAN and WAKEFIELD LTD | — | $20.90M | 1.03% |
| LITTELFUSE INC | — | $20.76M | 1.02% |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC | — | $20.36M | 1.00% |
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 - Small Cap Value Fund | 89% | 0.88% |
| Columbia Small Cap Value and Inflection Fund · COVAX, CCTRX, NSVAX, CRRRX, CRRYX, NSVBX | 25% | 0.77% |
| VY(R) COLUMBIA SMALL CAP VALUE II PORTFOLIO · ICSAX, ICISX, ICSSX, ICVPX, VYRDX | 24% | 0.86% |
Advisers
| Firm | Role |
|---|---|
| Columbia Management Investment Advisers, LLC | Adviser |
Footnotes
- Expense ratio as of August 25, 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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