Feb. 23, 2025 10:20 PM ETColumbia Convertible Securities Fund Inst (NCIAX), PACIX, PHIKX, COCRX, COVRX, CSFYXNCIAX, PACIX, PHIKX, COCRX, COVRX, CSFYX, BTC-USD, BA, BAC, LITE, WELL, UBER, NEE, GPN, SNOW, ON, APO, ARES, WDC, MSTR, MARA, COIN, EVH, BABA, W, GTLS, BE, AXON, BAC.PR.L, MER.PR.K, BAC.PR.K, ARES.PR.B, NEE.PR.R, NEE.PR.S, NEE.PR.T, BAC.PR.E, APOS, STRK, APO.PR.A, UBER:CA, BAC.PR.B, BABAF, BAC.PR.O, BAC.PR.P, BAC.PR.Q, BAC.PR.S, BACRP, BML.PR.G, BML.PR.H, BML.PR.J, BML.PR.L, BOFA:CA, BAC.PR.N, BAC.PR.M, BA:CA, GTLS.PR.B, BA.PR.AColumbia Threadneedle Investments932 Followers(7min)Columbia Convertible Securities Fund Institutional Class shares returned 2.38% in Q4 2024, underperforming the ICE BofA US Convertible Index's 3.38% return.The convertible market posted an 11.14% annual gain, driven by investor appetite for risk and yield, and strong new issuance trends.Underweight positions in Bitcoin-related companies, particularly MicroStrategy, led to the fund's shortfall, despite positive contributions from other crypto-focused holdings.The outlook for 2025 is cautiously optimistic, with favorable macroeconomic conditions and strong new issuance trends supporting convertible securities.AltaybAverage annual total returns (%) for period ending December 31, 2024Columbia ConvertibleSecurities Fund3-mon.1-year3-year5-year10-yearInstitutional Class2.389.81-0.258.929.00Class A without sales charge2.279.51-0.508.64This article was written byColumbia Threadneedle Investments932 FollowersColumbia Threadneedle Investments is a leading global asset management group that provides a broad range of actively managed investment strategies and solutions for individual, institutional and corporate clients around the world. Columbia Threadneedle Investments is the global asset management group of Ameriprise Financial, Inc. (NYSE: AMP). For more information please visit columbiathreadneedleus.com.CommentsRecommended For You