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Tri Continental Closed Fund (TY)
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Upturn Advisory Summary
08/14/2025: TY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
0 Analysts rated it
Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.
Analysis of Past Performance
Type Stock | Historic Profit 6.07% | Avg. Invested days 48 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.64B USD | Price to earnings Ratio 5.08 | 1Y Target Price - |
Price to earnings Ratio 5.08 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.9 | 52 Weeks Range 26.54 - 34.82 | Updated Date 06/29/2025 |
52 Weeks Range 26.54 - 34.82 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 3.62% | Basic EPS (TTM) 6.21 |
Earnings Date
Report Date 2025-06-25 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin 471.08% | Operating Margin (TTM) 87.17% |
Management Effectiveness
Return on Assets (TTM) 2.03% | Return on Equity (TTM) 17.57% |
Valuation
Trailing PE 5.08 | Forward PE - | Enterprise Value 1674601728 | Price to Sales(TTM) 24.08 |
Enterprise Value 1674601728 | Price to Sales(TTM) 24.08 | ||
Enterprise Value to Revenue 5.21 | Enterprise Value to EBITDA - | Shares Outstanding 51961100 | Shares Floating - |
Shares Outstanding 51961100 | Shares Floating - | ||
Percent Insiders 0.03 | Percent Institutions 13.01 |
Upturn AI SWOT
Tri Continental Closed Fund
Company Overview
History and Background
Tri-Continental Corporation, now known as Tri Continental Corporation (TY), was founded in 1929. It is one of the oldest closed-end funds in the United States, initially established to provide diversified investment opportunities.
Core Business Areas
- Investment Management: Tri Continental Corp. operates as a closed-end equity mutual fund. The company invests in public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.
Leadership and Structure
As of 2023, the portfolio manager is Matthew J. Brancato. The fund is managed by Columbia Management Investment Advisers, LLC.
Top Products and Market Share
Key Offerings
- Diversified Equity Portfolio: Tri Continental offers a diversified portfolio primarily consisting of equity investments in U.S. companies. Its market share is relatively small compared to the overall asset management industry. Competitors include other large asset managers offering similar equity funds, such as BlackRock, Vanguard, and State Street.
Market Dynamics
Industry Overview
The asset management industry is characterized by intense competition, regulatory scrutiny, and sensitivity to market fluctuations. Demand is driven by investors seeking diversification and professional management.
Positioning
Tri Continental is a niche player in the closed-end fund market, distinguished by its long history and focus on dividend income. Its competitive advantage lies in its established track record and loyal investor base.
Total Addressable Market (TAM)
The TAM for asset management is trillions of dollars. Tri Continental's positioning is a very small fraction of the total available market.
Upturn SWOT Analysis
Strengths
- Long-standing history and reputation
- Experienced management team
- Focus on dividend income
Weaknesses
- High expense ratio compared to ETFs
- Closed-end fund structure can lead to trading at a discount to NAV
- Limited marketing and distribution reach
Opportunities
- Growing demand for income-generating investments
- Potential to attract younger investors through educational initiatives
- Expanding into new investment strategies
Threats
- Rising interest rates could reduce the attractiveness of dividend stocks
- Increased competition from low-cost ETFs
- Market volatility could negatively impact portfolio performance
Competitors and Market Share
Key Competitors
- BlackRock (BLK)
- Vanguard
- State Street (STT)
Competitive Landscape
TY faces intense competition from larger asset managers with greater resources and brand recognition. Its competitive advantage lies in its dividend focus.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is modest due to the company's focus on dividends and conservative investment approach.
Future Projections: Future growth projections depend on market conditions and the company's ability to attract new investors.
Recent Initiatives: Information on recent strategic initiatives is limited in public sources.
Summary
Tri Continental Closed Fund (TY) is a long-standing, dividend-focused closed-end fund. Its strengths lie in its history and experienced management, but it faces challenges from larger, low-cost competitors. The company must adapt to changing market dynamics and attract new investors to maintain its position. Recent financial data need to be pulled from reputable financial sources to allow for a more quantitative summary. TY's future hinges on its ability to compete effectively in a dynamic asset management landscape.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Financial News Outlets
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Tri Continental Closed Fund
Exchange NYSE | Headquaters Boston, MA, United States | ||
IPO Launch date 1983-04-06 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies. The fund benchmarks the performance of its portfolio against S&P 500 Index. Tri-Continental Corporation was formed in January 1929 and is domiciled in the United States.
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