Morningstar® Investment Profile™   Morningstar®
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Wanger Acorn  WUSAX
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2022-05-31
Out of 585
Small Growth Funds
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What is this?
As of 2022-04-30
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund invests a majority of its net assets in the common stock of small- and mid-sized companies with market capitalizations generally in the range of market capitalizations in the Russell 2500 Growth Index, the fund's benchmark, at the time of purchase.
  Morningstar Category: Small Growth
Small-growth portfolios focus on faster-growing companies whose shares are at the lower end of the market-capitalization range. These portfolios tend to favor companies in up-and-coming industries or young firms in their early growth stages. Because these businesses are fast-growing and often richly valued, their stocks tend to be volatile. Stocks in the bottom 10% of the capitalization of the U.S. equity market are defined as small cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). 
  Investment Risks
Small Cap Funds: Smaller companies typically have higher risk of failure, and are not as well established as larger blue-chip companies. Historically, the smaller company stocks have experienced a greater degree of market volatility than the overall market average.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 93.9
Bullet Non-U.S. Stocks Non-U.S. Stocks 3.1
Bullet Bonds Bonds 0.0
Bullet Cash Cash 2.8
Bullet Other Other 0.3
Asset Allocation Rescaled Graph
Data through 2022-04-30
Morningstar Equity Sectors
% of Stocks
Cyclical 31.23
Basic Materials 3.98
Consumer Cyclical 17.57
Financial Services 5.40
Real Estate 4.28
Sensitive 45.09
Communication Services 2.74
Energy 1.32
Industrials 12.83
Technology 28.20
Defensive 23.67
Consumer Defensive 2.75
Healthcare 20.92
Utilities 0.00
Data through 2022-04-30
Holding Status
Total Number of Stock Holdings 84
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 23.23
Turnover % (as of 2021-12-31) 70.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Bio-Techne Corp 67.47 2.79
Columbia Short-Term Cash --- --- 2.75
Planet Fitness Inc Class A 111.70 2.58
The Trade Desk Inc Class A 260.25 2.45
Repligen Corp 65.01 2.34 Holdings Inc Ordinary Shares --- 2.18
Ares Management Corp Class A 34.38 2.10
Amedisys Inc 19.95 2.03
Skyline Champion Corp 12.27 2.03
Five Below Inc 26.38 1.98
Data through 2022-04-30
  Principal Risks   
Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, Active Management, High Portfolio Turnover, Issuer, Market/Market Volatility, Industry and Sector Investing, Restricted/Illiquid Securities, Small Cap, Mid-Cap
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  Other Information
Inception Date: 1995-05-03
Portfolio Manager(s)
Erika K Maschmeyer   (2021-04-15)
Ms. Maschmeyer joined Columbia WAM, a Participating Affiliate, in 2016. Prior to joining Columbia WAM, Ms. Maschmeyer was a research analyst at Oak Ridge Investments where she was responsible for U.S. consumer discretionary/staples investments. Ms. Maschmeyer began her investment career in 2001 and earned a B.A. from Denison University and an M.B.A from the University of Chicago.
John L. Emerson   (2021-04-15)
Mr. Emerson has been associated with the Columbia WAM or its predecessors as an investment professional since 2003 and has been a Vice President of the Trust since March 2020. Prior to joining the Investment Manager, Mr. Emerson was an analyst at an equity research Columbia WAM. Mr. Emerson began his investment career in 2002 and earned a B.S. from the University of Missouri and an M.B.A from the University of Chicago.
Daniel H. Cole   (2022-05-01)
Daniel Cole is a senior portfolio manager for Columbia Threadneedle Investments. Mr. Cole joined one of the Columbia Threadneedle Investments firms in 2014. Previously, Mr. Cole was a senior portfolio manager and senior managing director at Manulife Asset Management where he was team lead for the small, smid, and mid growth strategies. Prior to that, Mr. Cole was a portfolio manager at Neuberger Berman. He has been a member of the investment community since 1993.Mr. Cole received a B.S. in pre-med curriculum from Guilford College and an MBA in finance from Virginia Tech.
Investment Advisor(s)
Columbia Wanger Asset Management LLC
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