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Morningstar

Columbia Quality Income A AUGAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 18.63  /  0.31 %
  • Total Assets 1.4 Bil
  • Adj. Expense Ratio
    0.890%
  • Expense Ratio 0.890%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 2.84%
  • Effective Duration 7.34 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:20 PM GMT+00:00

Morningstar’s Analysis AUGAX

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.

When they say "quality," they mean "securitized."

Senior Analyst

Summary

| by Peter Marchese

Columbia Quality Income is a mortgage-focused core-plus strategy, with term “Quality” being implied by the fact that all the bonds are securitized by large pools of loans. Its experienced team executes a fundamentally driven process paired with robust portfolio risk management, although that's balanced by a healthier risk appetite than many peers. The strategy earns a Morningstar Analyst Rating of Neutral on all share classes.

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