We are forced to sell two of our Columbia funds this month.
<ul><li><font color="red"><b>SELL</b></font> 100% holding of Columbia Real Estate Fund (CREEX)
<li><font color="red"><b>BUY</b></font> SSGA Tuckerman Active Reit (SSREX) with proceeds of CREEX sale.
<li><font color="red"><b>SELL</b></font> Sell Columbia High Yield Fund (CMHYX)
<li><font color="red"><b>BUY</b></font> Vanguard High Yield Fund (VWEHX) with proceeds of CMHYX sale.</ul> Columbia funds, which show up in three of our model portfolios because of their high quality and low fees, where snapped up by Liberty, who has been on a fund purchasing binge for some time now. Liberty is merging some of their unbelievably crummy funds into some good Columbia funds to hide the Liberty fund's miserable performance. Additionally, Liberty is a load fund family, and decided that slapping loads on the top performing Columbia funds is good way to sell more fund shares. What this means is as of November 1 of this year, new investors can no longer buy any of the Columbia funds without paying a sales load.
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We are forced to sell two of our Columbia funds this month.
<ul><li><font color="red"><b>SELL</b></font> 100% holding of Columbia Real Estate Fund (CREEX)
<li><font color="red"><b>BUY</b></font> SSGA Tuckerman Active Reit (SSREX) with proceeds of CREEX sale.
<li><font color="red"><b>SELL</b></font> Sell Columbia High Yield Fund (CMHYX)
<li><font color="red"><b>BUY</b></font> Vanguard High Yield Fund (VWEHX) with proceeds of CMHYX sale.</ul> Columbia funds, which show up in three of our model portfolios because of their high quality and low fees, where snapped up by Liberty, who has been on a fund purchasing binge for some time now. Liberty is merging some of their unbelievably crummy funds into some good Columbia funds to hide the Liberty fund's miserable performance. Additionally, Liberty is a load fund family, and decided that slapping loads on the top performing Columbia funds is good way to sell more fund shares. What this means is as of November 1 of this year, new investors can no longer buy any of the Columbia funds without paying a sales load.