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Morningstar

Columbia Bond Inst3 CBFYX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 30.30  /  0.88 %
  • Total Assets 919.7 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.400%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.02%
  • Effective Duration 7.15 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 CBFYX

Will CBFYX 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 CBFYX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CBFYX 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 CBFYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This mortgage-focused fund got pummeled in 2022.

Senior Analyst

Summary

| by Peter Marchese

Columbia Bond benefits from a veteran team of managers who implement a sensible relative value process with a focus on various types of mortgage-backed securities. The strategy earns a Morningstar Analyst Rating of Neutral on its cheapest share classes, while its more expensive share class is rated Negative.

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