Description

The Columbia Seligman Global Technology Fund strives to generate significant capital appreciation for investors over the long term. To achieve this objective, the fund typically allocates at least 80% of its entire portfolio (which can include capital acquired through borrowing) to the stock of companies, both domestic and international, that operate within the technology industry or related fields. Furthermore, a substantial portion, specifically a minimum of 40% of its net assets, is dedicated to non-U.S. businesses. These are identified either by their principal place of business, their core operational activities being outside the United States, their securities being listed on non-U.S. exchanges, or their legal formation under foreign laws. It's also notable that this fund is categorized as non-diversified.