Columbia Quality Income’s approach courts credit and liquidity risks, but the stable and experienced team has demonstrated skill in navigating volatile markets in 2020, supporting an upgrade of its People Pillar rating. While the strategy has shown potential, the overall portfolio risk level and complexity gives us pause, warranting a Morningstar Analyst Rating of Neutral for all share classes.
Columbia Quality Income A AUGAX
NAV / 1-Day Return
22.91
/
0.04
%
Total Assets
2.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.920%
Expense Ratio
0.920%
Fee Level
High
Longest Manager Tenure
12.04
years
Category
Intermediate Core-Plus Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
2,000
Status
Open
TTM Yield
2.96%
Effective Duration
3.59
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will AUGAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AUGAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the AUGAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of AUGAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A flexible and value-driven strategy that has shown potential.
