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COSAX - Columbia Retirement Plus 2045 Fund Class A

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Columbia Retirement Plus 2045 Fund Class A (COSAX)
Expense Ratio: 1.03%
Expected Lifetime Fees: $30,576.12


The Columbia Retirement Plus 2045 Fund Class A fund (COSAX) is a Target Date 2041-2045 fund started on 05/18/2006 and has $1.80 million in assets under management. The current manager has been running Columbia Retirement Plus 2045 Fund Class A since 05/25/2010. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 0.25%

MarketRiders Prefers The Following ETF

iShares S&P Target Date 2040 (TZV)
Expense Ratio: 0.11%
Expected Lifetime Fees: $3,595.26


The iShares S&P Target Date 2040 (TZV) is an Exchange Traded Fund. It is a "basket" of securities that index the Target Date 2041-2045 investment strategy and is an alternative to a Target Date 2041-2045 mutual fund. Fees are very low compared to a comparable mutual fund like Columbia Retirement Plus 2045 Fund Class A because computers automatically manage the stocks.




The Following Target Date 2041-2045 Funds Have Lower Fees Than Columbia Retirement Plus 2045 Fund Class A (COSAX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
American Century LIVESTRONG 2045 Instl AOOIX 2.0% 521 0.73%
American Century LIVESTRONG 2045 Inv AROIX 2.0% 521 0.93%
American Funds Trgt Date Ret 2045 A AAHTX 1.0% 539 0.79%
American Funds Trgt Date Ret 2045 R4 RDHTX 1.0% 539 0.80%
American Funds Trgt Date Ret 2045 R5 REHTX 1.0% 539 0.49%
American Funds Trgt Date Ret 2045 R6 RFHTX 1.0% 539 0.45%
Fidelity Advisor Freedom 2045 I FFFIX 11.0% 628 0.78%
T. Rowe Price Retirement 2045 TRRKX 16.8% 2,900 0.76%
T. Rowe Price Retirement 2045 Adv PARLX 16.8% 2,900 1.01%
Vanguard Target Retirement 2045 Inv VTIVX 16.0% 7,000 0.19%
Wells Fargo Advantage DJ Target 2045 Adm WFQYX 19.0% 382 0.87%
Wells Fargo Advantage DJ Target 2045 I WFQPX 19.0% 382 0.52%



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Why Are These Metrics Important?


Turnover
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.

Assets
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.