CMUFX - Columbia Mid Cap Value Fund Class R4

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Columbia Mid Cap Value Fund Class R4 (CMUFX)
Expense Ratio: 1.02%
Expected Lifetime Fees: $30,310.69

The Columbia Mid Cap Value Fund Class R4 fund (CMUFX) is a Mid-Cap Value fund started on 03/7/2011 and has $3.60 billion in assets under management. The current manager has been running Columbia Mid Cap Value Fund Class R4 since 05/22/2004. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

Vanguard Mid-Cap Value ETF (VOE)
Expense Ratio: 0.10%
Expected Lifetime Fees: $3,271.86

The Vanguard Mid-Cap Value ETF (VOE) is an Exchange Traded Fund. It is a "basket" of securities that index the Mid-Cap Value investment strategy and is an alternative to a Mid-Cap Value mutual fund. Fees are very low compared to a comparable mutual fund like Columbia Mid Cap Value Fund Class R4 because computers automatically manage the stocks.

The Following Mid-Cap Value Funds Have Lower Fees Than Columbia Mid Cap Value Fund Class R4 (CMUFX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
AllianceBern Small-Mid Cap Value Ad ABYSX 72.0% 1,300 0.97%
AllianceBern Small-Mid Cap Value I ABSIX 72.0% 1,300 0.91%
Allianz NFJ Mid-Cap Value Instl PRNIX 55.0% 662 0.91%
American Beacon Mid Cap Value AMR AMDIX 107.0% 182 0.84%
American Beacon Mid Cap Value Instl AACIX 107.0% 182 0.98%
American Century Mid Cap Value Inst AVUAX 82.0% 2,200 0.81%
American Century Mid Cap Value Inv ACMVX 82.0% 2,200 1.01%
BlackRock Mid Cap Value Opps Instl MARFX 68.0% 416 0.89%
BlackRock Mid-Cap Value Equity Instl CMVIX 137.0% 927 0.97%
Columbia Mid Cap Value Opportunity R5 RSCMX 46.0% 1,600 0.81%
Columbia Mid Cap Value Z NAM1Z 39.0% 3,600 0.90%
Columbia Mid Cap Value Z NAMAX 39.0% 3,600 0.90%
DFA US Vector Equity I DFVEX 10.0% 1,800 0.33%
Fidelity Advisor Mid Cap Value I FMPOX 173.0% 566 0.91%
Fidelity Mid Cap Value FSMVX 173.0% 566 0.88%
Fidelity Value FDVLX 95.0% 6,100 0.60%
FPA Capital FPPTX 15.0% 1,200 0.87%
Franklin Balance Sheet Investment A FRB1Z 9.7% 1,300 0.95%
Franklin Balance Sheet Investment Adv FBSAX 9.7% 1,300 0.70%
Goldman Sachs Mid Cap Value Instl GSMCX 77.0% 7,400 0.76%
Goldman Sachs Mid Cap Value IR GCMTX 77.0% 7,400 0.91%
Hartford Mid Cap Value Fund Class I HMVJX 54.0% 310 0.99%
Hartford Mid Cap Value Fund Class R5 HMVTX 54.0% 310 0.94%
Heartland Select Value Inst HNSVX 47.0% 715 0.91%
JHancock3 Disciplined Value Mid Cap I JVMIX 41.0% 1,400 1.00%
Managers AMG Systematic Mid Cap Value I SYIMX 114.0% 284 0.88%
Neuberger Berman Equity Income Inst NBHIX 22.0% 2,400 0.80%
Nicholas Equity Income I NSEIX 38.6% 200 0.99%
Perkins Mid Cap Value Fund Class I JMVAX 66.0% 12,600 0.85%
Perkins Mid Cap Value L JMIVX 66.0% 12,600 1.00%
Perkins Mid Cap Value T JMCVX 66.0% 12,600 1.00%
Pioneer Mid-Cap Value Y PYCGX 72.0% 1,100 0.73%
Putnam Multi-Cap Value Y PMVYX 98.0% 433 0.92%
RBB Free Market U.S. Equity Fund Institutional Class FMUEX 9.0% 832 0.96%
Sterling Capital Mid Cap Value I OVEIX 38.3% 342 0.94%
T. Rowe Price Mid-Cap Value TRMCX 53.6% 8,500 0.81%
TIAA-CREF Mid-Cap Value Instl TIMVX 39.0% 2,900 0.46%
TIAA-CREF Mid-Cap Value Premier TRVPX 39.0% 2,900 0.61%
TIAA-CREF Mid-Cap Value Retail TCMVX 39.0% 2,900 0.81%
TIAA-CREF Mid-Cap Value Retire TRVRX 39.0% 2,900 0.71%
Touchstone Mid Cp Val Opp Instl TMOIX 100.6% 100 0.90%
Vanguard Mid-Cap Value Index Inv VMVIX 41.0% 1,700 0.24%
Vanguard Selected Value Inv VASVX 25.0% 4,000 0.45%
Wells Fargo Advantage C&B Mid Cap Val I CBMSX 44.0% 141 0.91%

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Why Are These Metrics Important?

Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.