CT US Asset-Backed Securities Fund
For marketing purposes. Please refer to the prospectus of the AIF before making any final investment decisions.
At a glance
The fund invests in a diversified portfolio of high-quality, short-duration, investment-grade US securitised assets. Targeting liquidity, stability and attractive risk-adjusted returns through active management, it provides access to a deep, diverse market of asset-backed securities (ABS) that complement traditional fixed income.
For professional investors only. This is a marketing communication. Please refer to the prospectus before making any final investment decisions.
At a glance
The fund invests in a diversified portfolio of high-quality, short-duration, investment-grade US securitised assets.
Targeting liquidity, stability and attractive risk-adjusted returns through active management, it provides access to a deep, diverse market of asset-backed securities (ABS) that complement traditional fixed income.
*Over a full market cycle. SOFR: Secured Overnight Financing Rate.
Key facts
Anticipated spread:
SOFR + 1.0 – 1.5%**
Asset allocation limits:
Non-agency Residential Mortgage-Backed Securities (RMBS) (65%)
Collateralised Loan Obligations (CLOs) (60%)
Agency RMBS (50%)
Other Asset-Backed Securities (ABS) (25%)
Commercial Mortgage-Backed Securities (CMBS) (10%)
Credit quality:
Typically, AAA/AA. Only investment grade at purchase
Number of positions:
100-200
**Over a full market cycle. SOFR: Secured Overnight Financing Rate.
Currency classes:
USD (base currency), GBP and EUR
FX:
Hedged
Dealing:
Daily dealt, T+2 settlement
Vehicle:
Luxembourg FCP
For professional investors only. This is a marketing communication. Please refer to the prospectus before making any final investment decisions.
At a glance
The fund invests in a diversified portfolio of high-quality, short-duration, investment-grade US securitised assets. Targeting liquidity, stability and attractive risk-adjusted returns through active management, it provides access to a deep, diverse market of asset-backed securities (ABS) that complement traditional fixed income.
*Over a full market cycle. SOFR: Secured Overnight Financing Rate.
Key facts
Anticipated spread:
SOFR + 1.0 – 1.5%*
Asset allocation limits:
Non-agency Residential Mortgage-Backed Securities (RMBS) (65%)
Collateralised Loan Obligations (CLOs) (60%)
Agency RMBS (50%)
Other Asset-Backed Securities (ABS) (25%)
Commercial Mortgage-Backed Securities (CMBS) (10%)
Credit quality:
Typically, AAA/AA. Only investment grade at purchase
Number of positions:
100-200
Currency classes:
USD (base currency), GBP and EUR
FX:
Hedged
Dealing:
Daily dealt, T+2 settlement
Vehicle:
Luxembourg FCP
*Over a full market cycle. SOFR: Secured Overnight Financing Rate.
Our experience
25+ years
investing in US securitised credit
$67bn
managed in US securitised credit*
18-strong
Securitised Credit Investment Professionals*
*Source: Columbia Threadneedle Investments, data as at 30 June 2025.
Key facts
Anticipated spread:
SOFR + 1.0 – 1.5%**
Asset allocation limits:
Non-agency Residential Mortgage-Backed Securities (RMBS) (65%)
Collateralised Loan Obligations (CLOs) (60%)
Agency RMBS (50%)
Other Asset-Backed Securities (ABS) (25%)
Commercial Mortgage-Backed Securities (CMBS) (10%)
Credit quality:
Typically, AAA/AA. Only investment grade at purchase
Number of positions:
100-200
Currency classes:
USD (base currency), GBP and EUR
FX:
Hedged
Dealing:
Daily dealt, T+2 settlement
Vehicle:
Luxembourg FCP
**Over a full market cycle. SOFR: Secured Overnight Financing Rate.
Reasons to invest
Attractive yields and risk-adjusted returns
Structural protections and rate resilience
Portfolio diversification
Liquidity and flexibility
Risks
Past performance is not a guide to future returns and the Fund may not achieve its investment objective. Your capital is at risk. The value of investments can fall as well as rise and investors might not get back the sum originally invested. The rate of return at which interest and principal repayments from fixed income securities are reinvested will be lower in a falling interest rate environment. Credit ratings issued by credit rating agencies cannot be relied upon to be fully up-to-date or fully reflect the true risks of an investment. The income and capital due from asset-backed securities are dependent upon their ability to pay and any default may adversely affect the value of your investment. All the risks currently identified as being applicable to the Fund are set out in the “Special Considerations and Risk Factors” section of the Prospectus.
Investment approach
The Columbia Threadneedle US Asset-Backed Securities Fund is designed to deliver consistent, attractive returns through a disciplined focus on high-quality, liquid US securitised assets.
We believe the US securitised credit market offers compelling opportunities for institutional investors, combining attractive risk-adjusted returns and enhanced yield potential with low correlation to traditional fixed income sectors.
We target predominantly AAA to AA-rated securities with robust structural protections, helping to mitigate default risk. Short duration positioning aims to reduce interest rate sensitivity and provide flexibility in changing market conditions.
The portfolio is actively managed by our specialist US-based securitised credit team with deep market experience and strong credit research capabilities. Our approach blends top-down sector allocation with rigorous bottom-up security selection, seeking to capture relative value opportunities across a range of securitised credit assets.
By combining prudent risk management with access to a deep and diverse market, the fund seeks to deliver stable returns, liquidity, and diversification benefits to institutional portfolios.
Meet the team
Jason Callan is co-head of Structured Assets and a senior portfolio manager for multi-sector fixed income at Columbia Threadneedle Investments. He is also a portfolio manager on the Balanced strategy team. He joined Columbia Threadneedle Investments in 2007 as a senior quantitative analyst covering non-agency residential mortgage-backed securities, was promoted to portfolio manager in 2008 and head of structured assets in 2009. He assumed multi-sector portfolio management responsibilities in 2016 and became lead portfolio manager on Core and Core Plus strategies in 2017. He is also a co-portfolio manager on the strategic income portfolio and a member of the Global Fixed Income Asset Allocation Committee. Previously, he worked at GMAC in their principal investments unit as a portfolio manager and an analyst. He has been a member of the investment community, specialising in structured assets, since 2003. He received a B.S. in economics from the University of Minnesota and an MBA from University of Minnesota’s Carlson School of Management.
Ryan Osborn is a senior portfolio manager, co-head of Structured Credit for the Structured Assets team at Columbia Threadneedle Investments. He began his career at Columbia Threadneedle Investments in 2004 on the commercial real estate lending team. In 2008, Ryan was promoted to research analyst covering non-agency MBS. In 2012, he was promoted to head of structured assets research, overseeing all RMBS, CMBS and ABS research. In 2019, he became a senior portfolio manager focusing on structured assets credit, and in 2022 was promoted to co-head of structured assets. Ryan received a B.B.A. with a double major in finance and real estate from the University of Wisconsin – Madison. In addition, he holds the CFA® designation.
Insights
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Full fund details
Get in touch
Important information:
For marketing purposes. Your capital is at risk.
Columbia Threadneedle (Lux) LDI (“the Fund”) is an alternative investment fund (AIF) for the purpose of the European Union Alternative Investment Fund Managers Directive (Directive 2011/61/EU) (the “AIFMD”). Threadneedle Management Luxembourg S.A. is the alternative investment fund manager (“AIFM”) of the Fund.
The current Prospectus and summarised investor rights, as well as latest financial reports can be obtained from the AIFM, as described in the Prospectus. Please read the Prospectus before taking any investment decision. Threadneedle Management Luxembourg S.A. may decide to terminate the arrangements made for the marketing of the Fund.
This material should not be considered as an offer, solicitation, advice or an investment recommendation. This communication is valid at the date of publication and may be subject to change without notice. Information from external sources is considered reliable but there is no guarantee as to its accuracy or completeness.
In the EEA: Threadneedle Management Luxembourg S.A., having its address at 6E route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, registered with the Luxembourg Registre de Commerce et des Sociétés with No. B 110242 and authorised by the Commission de Surveillance du Secteur Financier (CSSF).
The AIF has NOT been approved by the Swiss Financial Market Supervisory Authority (“FINMA”) for offering to non-qualified investors pursuant to Art. 120 para. 1 of the Swiss Federal Act on Collective Investment Schemes of 23 June 2006, as amended (“CISA”). In addition, the management company has not and does not intend to appoint a Swiss representative or a Swiss paying agent for the shares offered in Switzerland. Accordingly, the shares may only be offered or advertised, and this information may only be made available, in Switzerland to qualified investors within the meaning of CISA who are not high-net-worth individuals (or private investment structures established for high-net-worth individuals) having opted out to professional client status under Art. 5 para. 1 of the Swiss Federal Act on Financial Services. Investors in the shares do not benefit from the specific investor protection provided by CISA and the supervision by the FINMA in connection with the approval for offering.
In the UK: Issued by Columbia Threadneedle Management Limited, No. 517895, registered in England and Wales and authorised and regulated in the UK by the Financial Conduct Authority. In the UK: notification has been made to the UK Financial Conduct Authority for the Fund to be marketed in the United Kingdom under the UK Alternative Investment Fund Managers Regulations 2013 (SI 2013/1773). The Fund is a collective investment scheme pursuant to Section 235 of the United Kingdom’s Financial Services and Markets Act 2000, as amended (“FSMA”). It has not been authorised, or otherwise recognised or approved, by the FCA and, as an unregulated scheme, it cannot be promoted in the United Kingdom to the general public. Prospective Investors are advised that all, or most, of the protections afforded by the United Kingdom regulatory system will not apply to an investment in the Fund and that compensation will not be available under the United Kingdom Financial Services Compensation Scheme.
© Columbia Threadneedle Investments. Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.
