Columbia Balanced Fund
Aggressive allocation fund
As of its 2026 Q2 report, Columbia Balanced Fund held 1,030 positions with $10.49B in net assets. Its ten largest holdings made up 31.0% of the fund. The CBLAX share class costs 0.91% a year. Over the 12 months to May 2026, CBLAX returned 19.0%, with dividends reinvested. In 2026 Q2 it added 112 new positions and exited 80.
Columbia Balanced Fund (the Fund) seeks high total return by investing in common stocks and debt securities.
The fund allocates its assets between large-capitalization equities and investment-grade debt securities, typically maintaining 35% to 65% in each asset class, with flexibility to range from 25% to 75%. It pursues value-oriented strategies in stock selection and may hold up to 10% in below-investment-grade debt and 20% in foreign securities. Because the fund's allocation between equity and debt shifts based on the manager's assessment of relative risks and returns, its exposure to either asset class will vary over time.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 5.35% | $561.16M | 2.7M | $211.14 |
COLUMBIA SHORT TERM CASH FUND | 4.16% | $436.48M | — | — |
AAPLApple Inc | 4.05% | $425.39M | 1.4M | $312.06 |
MSFTMicrosoft Corp | 3.89% | $407.58M | 905.3K | $450.24 |
AMZNAmazon.com Inc | 3.27% | $342.85M | 1.3M | $270.64 |
iShares Core MSCI EAFE ETF | 2.80% | $293.44M | 3.0M | $98.02 |
GOOGLAlphabet Inc | 2.18% | $228.63M | 601.1K | $380.34 |
AVGOBroadcom Inc | 2.10% | $219.87M | 492.1K | $446.77 |
GOOGAlphabet Inc | 1.77% | $186.02M | 494.2K | $376.43 |
1.41% | $147.95M | 133.9K | $1,105.00 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
The 200 largest of 1,030 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 64.14% |
| Securitized | 25.25% |
| Bonds | 8.51% |
| Cash & short-term | 4.18% |
| 3 smaller | 0.11% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Securitized
- 24.7%
- Information Technology
- 23.3%
- Financials
- 9.0%
- Communication Services
- 7.3%
- 12 other sectors
- 35.6%
- Securitized
- 24.7%
- Information Technology
- 23.3%
- Financials
- 9.0%
- Communication Services
- 7.3%
- Health Care
- 6.7%
- Consumer Discretionary
- 6.2%
- Other
- 5.0%
- Industrials
- 4.9%
- Cash
- 4.1%
- International
- 2.6%
- Energy
- 1.9%
- Utilities
- 1.6%
- Consumer Staples
- 1.2%
- Real Estate
- 0.7%
- Materials
- 0.4%
- Government
- 0.3%
How it has done
CBLAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.84%. Past returns are a record, not a forecast.
The 8 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.91% | +18.96% | +54.07% | +47.47% | -6.56% | |
| 1.66% | +18.06% | +50.66% | +42.07% | -6.71% | |
| 0.66% | +19.24% | +55.16% | +49.29% | -6.51% | |
| 1.16% | +18.63% | +52.90% | +45.62% | -6.60% | |
| 0.62% | +19.28% | +55.34% | +49.60% | -6.49% | |
| — | — | — | — | — | |
| 0.57% | +19.33% | +55.62% | +50.00% | -6.46% | |
| 0.66% | +19.24% | — | — | — |
Fees & fund details
Columbia Balanced Fund is an aggressive allocation fund. 21% of CBLAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 92% of the fund’s equity).
- Asset class
- Allocation (multi-asset)
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Equity exposure
- Aggressive
- Expense ratio, by class
- 0.57% – 1.66%· CBLAX 0.91%
- Portfolio turnover
- 160.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
112 new· the largest 5
80 exited· the largest 5
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 61.3% |
| Floating rate | 38.7% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 3.2% |
| 1-3y | 5.3% |
| 3-5y | 5.5% |
| 5-10y | 14.0% |
| 10y+ | 72.0% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 58% |
| Credit spreads | 42% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +1.31 yr |
| High yield | +0.15 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.02 yr | 1% |
| 1 yr | 0.23 yr | 11% |
| 5 yr | 0.58 yr | 29% |
| 10 yr | 0.79 yr | 40% |
| 30 yr | 0.37 yr | 19% |
| 3 mo | 0.12 yr | 8% |
| 1 yr | 0.04 yr | 3% |
| 5 yr | 0.14 yr | 9% |
| 10 yr | 0.29 yr | 20% |
| 30 yr | 0.87 yr | 59% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.02 | +0.12 | +0.00 | $129.4k | $33 |
| 1 yr | +0.23 | +0.03 | +0.01 | $32.8k | $5.9k |
| 5 yr | +0.58 | +0.09 | +0.05 | $95.9k | $47.6k |
| 10 yr | +0.79 | +0.26 | +0.03 | $275.2k | $33.2k |
| 30 yr | +0.37 | +0.80 | +0.07 | $840.0k | $69.8k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 1.99 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Understand how this fund fits with the rest.
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