CTFAX ... ALLOCATION ALIGNMENT UPDATE

[oldskeet]

On or about May 1st CTFAX updated it's new allocation alignment. The fund will adjust it's stock and bond allocation mix based upon the valuation movement of the S&P500 Index. It was 90% bonds and 10% stocks prior to this update. It now appears to be 50% bonds and 50% stocks based upon its fact sheet.  This change, as I write, has yet to appear on their web site under Allocation Update.

The last Allocation Update was on 01/24/24 where the fund went to 90% bonds and 10% stocks. However, the fund's 1Quarter ending fact sheet reflects the new 50/50 allocation.

Something is a miss.

I plan to check further in the coming week.

[anitya]

It is very strange how the fund disclosed the change

www.columbiathreadneedleus.com/binaries/content/assets/cti/public/LIT_DOC_3C97987F.PDF

[oldskeet]

I heard back from Columbia funds today regarding why one piece of literature reflected a 90% bond and 10% stock allocation and another reflected a 50% bond and 50% stock allocation.

In short words. Their answer was market conditions change faster than literature can be updated.

There you have it.

Old_Skeet

[anitya]

It did not bother me the way they disclosed the change but if I owned the fund it probably would have bothered me because the change was not disclosed in the allocation update document for a while.  Also, speaks poorly about the fund.