Columbia Seligman Technology and Information Fund Celebrates 40-Year Anniversary

Columbia Threadneedle Investments today announced that the Columbia Seligman Technology and Information Fund (SLMCX) is celebrating its 40-year anniversary. The $9.1bn fund, which invests in technology-related stocks, has targeted long-term capital appreciation for shareholders since inception, and continues to deliver strong performance.¹

Paul Wick leads a team of experienced investment professionals supporting the fund, including Shekhar Pramanick, Sanjay Devgan, Jeetil Patel, Vimal Patel, and Israel Hernandez. Together, the team draws on their collective expertise to source companies that provide value through enduring intellectual property, strong management teams, high-profit revenue growth and the potential for growth over long durations.

The fund’s consistent performance over four decades is due in large part to Wick’s leadership as Lead Portfolio Manager. He has managed the fund for 33 years, having first joined its portfolio management team in 1990. His tenure on the fund is longer than that of any other current portfolio manager of a U.S. technology fund.

"Having been a part of the management of this fund for the majority of my career, I’m proud to see it reach this milestone while still maintaining the quality performance that it offered when I first joined the team,” said Wick. “To me, the Columbia Seligman Technology and Information Fund exemplifies the core pillars of investing: a deep understanding and commitment to research by our dedicated portfolio management team, a conviction-weighted portfolio that mitigates risk, and a valuation-aware philosophy that identifies undervalued and misunderstood companies. The fund has a 40-year track record of consistent performance that speaks for itself.”

The fund’s investment approach leverages the expertise of Columbia Threadneedle’s Seligman Investments, that Wick leads. Based in Silicon Valley, the Seligman team is one of the industry’s largest and most experienced managing technology-focused strategies. It is comprised of 11 investment professionals averaging over 25 years of industry experience. The team also manages:

• Columbia Seligman Global Technology Fund (SHGTX)
• Seligman Premium Technology Growth Fund (STK)
• Columbia Seligman Semiconductor and Technology ETF (SEMI) and a
• A long-short technology focused strategy.

In the 40 years that the fund has been operational, the technology sector has experienced rapid and widespread innovation. The team’s differentiated investment style and sector expertise has allowed them to capitalize on opportunities during each wave of innovation to drive outperformance for the fund’s shareholders.