Tax Efficient Portfolios U.S. Large Cap

Overview

Investment approach

Invests in a portion of the individual stocks that make up the S&P 500 Index, seeking pretax returns that closely approximate the benchmark and after-tax results that consistently outperform the benchmark.

Distinguishing Features

  • Actively-traded portfolio allows portfolio management team to manage risk relative to the benchmark, harvest losses and manage cash flows.
  • Utilizes tax lot accounting to identify losses, which can be used to offset taxable gains and generate tax savings.
  • Realized losses can be utilized directly by investors, unlike with other traditional investment vehicles.
  • Flexible yet rigorous process.

Investment Process

Define and evaluate investable universe

The portfolio is structured to closely track the pretax risk/return characteristics of the benchmark. The strategy aims to maximize after-tax returns through active tax-loss harvesting while rigorously managing risk and managing cash flows in a low cost fashion.

Additional attributes

  • Team has more than 20 years of experience of closely approximating pretax returns of designated benchmarks for institutional clients.
  • Leverages a distinct legacy managing after-tax portfolios for high-net-worth clients.
  • The team was one of the first managers to deliver tax-loss harvesting strategies with more than two decades of experience.
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Michael J. Fulginiti, CFA,
Head of Systematic Portfolio Solutions

36 years of experience
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Christopher Lo, CFA, DPS,
Senior Portfolio Manager

20 years of experience
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A. Ronald Shemesh, CFA,
Senior Portfolio Manager

21 years of experience
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Dhruv Toolsidas, CFA,
Portfolio Manager

15 years of experience
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Paul Unchalipongse, CFA,
Portfolio Manager

20 years of experience
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Vadim Shteyn,
Portfolio Manager

12 years of experience

Literature

Literature

Document
Fact Sheet

Disclosures

There is no guarantee the objective will be achieved or that any return expectations will be met.

Investing involves risk including the risk of loss of principal. Tax loss harvesting may increase portfolio turnover and transaction costs. Further, an individual investor's ability to take advantage of tax losses will depend on whether the investor has taxable gains to offset.

Advisory services provided by Columbia Management Capital Advisers, an operating division of Columbia Management Investment Advisers, LLC (“CMIA”) an SEC-registered investment adviser that offers investment management and related services to clients participating in various types of wrap programs.

Columbia Management Investment Advisers, LLC and its affiliates do not offer tax advice. Investors should consult with their tax advisor regarding their specific situation.

These managed account solutions are only available through investment professionals. Not all strategies may be available on all platforms, and fees and terms may vary. Managed account programs may require a minimum asset level and may not be suitable for all investors.