Changes in Columbia Bond’s management team at the end of 2017 have led the strategy to abandon its corporate credit bias for an arguably more balanced multisector style. Since then, the duo at the helm, supported by a deep global research team, has demonstrated strength and discipline, though the investment process tends to result in a riskier portfolio than peers’. The strategy’s cheapest share classes earn a Morningstar Analyst Rating of Neutral, while the more expensive one is rated Negative.
Columbia Bond Inst3 CBFYX
NAV / 1-Day Return
35.67
/
0.02
%
Total Assets
1.2 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.
0.400%
Expense Ratio
0.400%
Fee Level
Below Average
Longest Manager Tenure
5.40
years
Category
Intermediate Core Bond
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
1,000,000
Status
Open
TTM Yield
2.27%
Effective Duration
5.69
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 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.
Growing into its potential.
