Columbia Seligman Communications and Information A (SLMCX – MF report) a Zacks Rank #2 (Buy) seeks to achieve capital gain. SLMCX invests a large portion of its net assets in the securities of companies operating in the communications, information and related industries.

This Sector – Tech fund, as of the last filing, allocates their fund in three major groups; Small Growth, Large Growth and Large Value. Further, as of the last filing, Lam research Corp. (LRCX), Synopsis Inc. (SNPS) and Broadcom Corp. (AVGO) were the top holdings for SLMCX.

The Columbia Seligman Communications and Information A fund, managed by Columbia, carries an expense ratio of 1.36%, and requires a minimal initial investment of $2,000.

SLMCX has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 3, 5 year benchmarks; 3 year 16.23% and 5 year 10.52%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.

SLMCX's performance, as of the last filing, when compared to funds in its category was in the top 49% in 1 year, top 18% over the past 3 years, and in the 26% over the past 5 years.