On March 1, 2021, Columbia Threadneedle named Alexandre Christensen as a comanager on Columbia Income Builder. He joins Gene Tannuzzo, who has managed the fund since 2010 with the firm’s previous head of fixed income, Colin Lundgren. Lundgren had announced in October 2020 that he would retire in March 2021 and that Tannuzzo would then become CIO. Christensen’s appointment is therefore sensible as he will assist with Tannuzzo’s increased workload. He started his investment career in 2014 and has worked with Columbia since 2015.
Columbia Income Builder R CBURX
NAV / 1-Day Return
13.42
/
0.07
%
Total Assets
1.7 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.
1.220%
Expense Ratio
1.220%
Fee Level
Above Average
Longest Manager Tenure
11.25
years
Category
Allocation--15% to 30% Equity
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
Low / ModerateStatus
Open
TTM Yield
2.78%
Turnover
22%
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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 CBURX 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 CBURX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CBURX 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 CBURX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A New Manager at Columbia Income Builder Doesn’t Change Its Ratings
