Multi-Manager Value Strategies Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Multi-Manager Value Strategies Fund held 324 positions with $5.62B in net assets. Its ten largest holdings made up 18.9% of the fund. The CZMVX share class costs 0.69% a year. Over the 12 months to May 2026, CZMVX returned 21.4%, with dividends reinvested. In 2026 Q2 it added 41 new positions and exited 9.
Multi-Manager Value Strategies Fund (the Fund) seeks to provide shareholders with growth of capital and income.
The fund is managed by Columbia Management, which directs a portion of assets itself while delegating independent management of other portions to subadvisers American Century Investment Management and Diamond Hill Capital Management. The portfolio is primarily equity securities across all market capitalizations, with up to 20% in high yield debt, up to 25% in foreign investments, and potential sector emphasis including financials. Because the fund relies on multiple subadvisers making independent investment decisions, performance depends on the effectiveness of each subadviser's security selection.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
COLUMBIA SHORT TERM CASH FUND | 2.56% | $143.78M | — | — |
MSFTMicrosoft Corp | 2.35% | $132.02M | 293.2K | $450.24 |
2.12% | $119.02M | 397.7K | $299.31 | |
AAPLApple Inc | 1.81% | $101.94M | 326.7K | $312.06 |
1.81% | $101.56M | 104.6K | $971.00 | |
AMZNAmazon.com Inc | 1.80% | $101.32M | 374.4K | $270.64 |
1.73% | $97.29M | 853.6K | $113.98 | |
1.72% | $96.87M | 1.1M | $85.60 | |
1.51% | $84.76M | 322.7K | $262.64 | |
1.49% | $83.86M | 176.7K | $474.48 |
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 324 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 | 97.33% |
| Cash & short-term | 2.56% |
By sector
- Financials
- 19.2%
- Information Technology
- 15.3%
- Industrials
- 13.1%
- Health Care
- 9.9%
- 9 other sectors
- 42.4%
- Financials
- 19.2%
- Information Technology
- 15.3%
- Industrials
- 13.1%
- Health Care
- 9.9%
- Energy
- 8.9%
- Consumer Discretionary
- 8.0%
- Consumer Staples
- 7.6%
- Communication Services
- 5.5%
- International
- 3.8%
- Cash
- 2.6%
- Materials
- 2.2%
- Real Estate
- 2.1%
- Utilities
- 1.9%
How it has done
CZMVX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.13%. Past returns are a record, not a forecast.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
Multi-Manager Value Strategies Fund is an actively managed U.S. equity fund. 7% of CZMVX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 93% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.69%· CZMVX 0.69%
- Portfolio turnover
- 49.00% 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.
41 new· the largest 8
9 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — CZMVX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”