Fund Spy

This Contrarian Fund Is True to Its Name

Tom Nations, CFP®
The following is our latest Fund Analyst Report for Columbia Contrarian Core (LCCAX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.

A proven manager's steady use of a distinct strategy earns Columbia Contrarian Core a Morningstar Analyst Rating of Bronze.

Manager Guy Pope and his small but experienced team are contrarians, but this isn't cigar-butt investing. Pope invests in companies with above-average market pessimism where he thinks catalysts exist that will change that sentiment in the next 12-24 months. He screens firms with market caps above $2 billion that are trading in the bottom third of their 52-week range and avoids companies with big secular headwinds or permanent impairments. Pope's core team of three analysts first run fundamental analysis on these firms, then leverage Columbia's central team of fundamental industry and quantitative analysts.

Tom Nations, CFP® does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.