Columbia Capital Allocation Portfolios Q4 2025 Commentary

Columbia Threadneedle Investments1.01K FollowersFollow5ShareSavePlay(8min)CommentsSummaryAbsolute returns in all five portfolios of the Columbia Capital Allocation Series were positive, and, on a relative basis, the Institutional shares of all but the most conservative portfolio outperformed their respective blended benchmarks.Across all five portfolios, overweighted equity exposure, especially overweights to U.S. large- and mid-cap equities, contributed positively, as did underlying fund manager performance in U.S. large- and mid-cap equities.During the quarter, we slightly increased the portfolios’ fixed-income exposure, mostly to investment-grade and high-yield corporate bonds, and shifted to a moderate underweight to U.S. Treasuries. Pawel Kacperek/iStock via Getty Images Market overview The fourth quarter of 2025 saw positive, albeit modest, gains across most asset classes. The S&P 500 Index and Russell 3000 Index, each a measure of U.S. equities, rose 2.66% and 2.40%, respectively. Within the U.S. equity market, there was a broadening ofThis article was written byColumbia Threadneedle Investments1.01K FollowersFollowColumbia 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.