BST - Columbia Seligman Premium Technology Growth Fund - Nice Yield But Outperformed By Other Similar Funds
Columbia Seligman Premium Technology Growth Fund (STK) is a fund that offers investors the opportunity to benefit from the long-term growth potential of technology and technology-related stocks. It focuses on capital appreciation and current income. Besides owning equity in technology-based stocks, the fund also writes call options on the NASDAQ 100 Index or its exchange-traded (ETF) fund equivalent.
Investment Thesis
STK provides investors access to a diversified portfolio of technology-based stocks and in addition, it has a quarterly distribution program. In that past three years, the fund performed significantly better than the S&P500.