Columbia Small Cap Index Fund
U.S. stock index fund · tracks S&P SmallCap 600 Index
As of its 2026 Q2 report, Columbia Small Cap Index Fund held 606 positions with $2.58B in net assets. Its ten largest holdings made up 6.6% of the fund. The NMSAX share class costs 0.45% a year. Over the 12 months to May 2026, NMSAX returned 33.0%, with dividends reinvested. In 2026 Q2 it added 31 new positions and exited 33.
Columbia Small Cap Index Fund (the Fund) seeks total return before fees and expenses that corresponds to the total return of the Standard & Poors (S&P) SmallCap 600 Index.
The fund tracks the S&P SmallCap 600 Index by holding common stocks in approximately the same weightings as the Index, aiming for at least 95% correlation to its performance before fees and expenses. The fund may operate as non-diversified when the Index is non-diversified, allowing it to invest a greater percentage of assets in fewer issuers than a diversified fund would permit. Because the fund's weightings depend on the Index composition, performance may diverge from the Index if weightings drift between rebalancing periods.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
SANMSanmina Corp | 0.82% | $21.17M | 81.5K | $259.73 |
SMTCSemtech Corp | 0.82% | $21.07M | 138.1K | $152.54 |
COLUMBIA SHORT TERM CASH FUND | 0.76% | $19.48M | — | — |
iShares Core S&P Small-Cap ETF | 0.71% | $18.38M | 132.5K | $138.66 |
0.65% | $16.77M | 345.4K | $48.56 | |
VSATViasat Inc | 0.63% | $16.35M | 202.8K | $80.62 |
0.60% | $15.48M | 1.4M | $10.99 | |
0.56% | $14.41M | 339.6K | $42.43 | |
FORMFormFactor Inc | 0.56% | $14.42M | 115.7K | $124.59 |
AGXArgan Inc | 0.54% | $13.81M | 20.7K | $667.02 |
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 606 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 | 99.09% |
| Cash & short-term | 0.81% |
| Derivatives | 0.08% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Financials
- 17.2%
- Industrials
- 16.8%
- Information Technology
- 15.6%
- Consumer Discretionary
- 12.8%
- 10 other sectors
- 37.6%
- Financials
- 17.2%
- Industrials
- 16.8%
- Information Technology
- 15.6%
- Consumer Discretionary
- 12.8%
- Health Care
- 10.4%
- Real Estate
- 6.0%
- Energy
- 5.2%
- Materials
- 4.6%
- Communication Services
- 3.9%
- Consumer Staples
- 2.7%
- Utilities
- 2.1%
- International
- 1.1%
- Other
- 0.9%
- Cash
- 0.8%
How it has done
NMSAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.37%. Past returns are a record, not a forecast.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.45% | +32.96% | +55.78% | +30.65% | -19.85% | |
| 0.20% | +33.23% | +56.92% | +32.28% | -19.76% | |
| 0.20% | +33.18% | +56.86% | +32.22% | -19.77% | |
| 0.20% | +33.17% | +56.84% | +32.20% | -19.74% |
These classes hold the same portfolio, so the 1.63pp spread over 5 years is the cost difference between them — roughly 0.33pp a year — not a difference in what they own.
Fees & fund details
Columbia Small Cap Index Fund is a U.S. equity index fund that tracks the S&P SmallCap 600 Index. 21% of NMSAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.20% – 0.45%· NMSAX 0.45%
- Portfolio turnover
- 22.00% a year · as of 2026 Q2
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.
31 new· the largest 8
33 exited· the largest 8
Understand how this fund fits with the rest.
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