Columbia Total Return Bond Fund
Actively managed U.S. bond fund
As of its 2026 Q2 report, Columbia Total Return Bond Fund held 1,204 positions with $3.06B in net assets. Its ten largest holdings made up 20.2% of the fund. The LIBAX share class costs 0.74% a year. Over the 12 months to May 2026, LIBAX returned 5.6%, with dividends reinvested. In 2026 Q3 it added 302 new positions and exited 307.
Columbia Total Return Bond Fund (the Fund) seeks total return, consisting of current income and capital appreciation.
The fund invests at least 80% of its net assets in bonds and debt instruments across U.S. and non-U.S. governments, corporates, and mortgage- and asset-backed securities, with up to 35% in high-yield debt. It maintains an effective duration within +/- 2 years of the Bloomberg U.S. Aggregate Bond Index and may use derivatives including futures and swaps for hedging and to manage interest rate and credit exposure. The fund's frequent trading of portfolio securities and use of derivatives to adjust exposure mean returns will depend on the manager's tactical decisions rather than a fixed benchmark methodology.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
COLUMBIA SHORT TERM CASH FUND | 9.45% | $289.34M | — |
UMBS, TBA 5.50% · due 2056-05-01 | 1.72% | $52.76M | — |
Government National Mortgage Association 4.50% · due 2056-05-20 | 1.57% | $48.21M | — |
Fannie Mae 3.50% · due 2052-05-01 | 1.26% | $38.57M | — |
UMBS, TBA 3.50% · due 2056-05-01 | 1.19% | $36.41M | — |
Government National Mortgage Association 4.00% · due 2056-05-20 | 1.10% | $33.58M | — |
UMBS, TBA 6.00% · due 2056-05-01 | 1.03% | $31.65M | — |
UMBS, TBA 3.00% · due 2037-03-01 | 0.99% | $30.47M | — |
FEDERAL HOME LOAN MORTGAGE CORPORATION 4.50% · due 2053-05-01 | 0.99% | $30.28M | — |
FEDERAL NATIONAL MORTGAGE ASSOCIATION 4.00% · due 2052-04-01 | 0.94% | $28.84M | — |
The 200 largest of 1,204 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%.
| Securitized | 66.63% |
| Bonds | 29.15% |
| Cash & short-term | 9.45% |
| Loans | 5.30% |
| Stocks | 0.76% |
| Derivatives | -0.16% |
These positions come to 111.12% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Securitized
- 64.4%
- Other
- 14.2%
- Cash
- 3.9%
- International
- 3.1%
- 11 other sectors
- 14.4%
- Securitized
- 64.4%
- Other
- 14.2%
- Cash
- 3.9%
- International
- 3.1%
- Financials
- 2.7%
- Government
- 2.6%
- Health Care
- 1.9%
- Communication Services
- 1.7%
- Industrials
- 1.6%
- Utilities
- 1.0%
- Information Technology
- 0.8%
- Consumer Discretionary
- 0.7%
- Consumer Staples
- 0.7%
- Energy
- 0.5%
- Materials
- 0.1%
How it has done
LIBAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.91%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 8 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.74% | +5.59% | +16.48% | -1.24% | -4.98% | |
| 1.49% | +4.83% | +13.92% | -4.84% | -5.25% | |
| 0.99% | +5.33% | +15.63% | -2.42% | -5.04% | |
| 0.49% | +5.85% | +17.38% | +0.03% | -4.87% | |
| — | — | — | — | — | |
| 0.41% | +5.92% | +17.65% | +0.43% | -4.82% | |
| 0.38% | +5.94% | +17.77% | +0.63% | -4.82% | |
| 0.49% | +5.85% | — | — | — |
Fees & fund details
Columbia Total Return Bond Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.38% – 1.49%· LIBAX 0.74%
- Portfolio turnover
- 229.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
302 new· the largest 4
307 exited· the largest 3
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
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 | 63.1% |
| Floating rate | 36.8% |
| Zero-coupon or unclassified | 0.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.3% |
| 1-3y | 5.6% |
| 3-5y | 8.3% |
| 5-10y | 22.8% |
| 10y+ | 61.9% |
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 | +3.46 yr |
| High yield | +1.08 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 | 0.07 yr | 1% |
| 1 yr | 0.59 yr | 9% |
| 5 yr | 1.86 yr | 30% |
| 10 yr | 2.52 yr | 40% |
| 30 yr | 1.24 yr | 20% |
| 3 mo | 0.26 yr | 6% |
| 1 yr | 0.19 yr | 4% |
| 5 yr | 0.85 yr | 19% |
| 10 yr | 0.72 yr | 16% |
| 30 yr | 2.51 yr | 55% |
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 | +0.07 | +0.41 | -0.15 | $125.8k | -$46.3k |
| 1 yr | +0.59 | +0.05 | +0.14 | $16.2k | $43.3k |
| 5 yr | +1.86 | +0.34 | +0.51 | $103.2k | $157.7k |
| 10 yr | +2.52 | +0.50 | +0.22 | $153.5k | $66.7k |
| 30 yr | +1.24 | +2.15 | +0.36 | $660.0k | $108.9k |
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 6.28 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.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
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