On June 15, 2021, Steve Columbaro, the lead manager of Columbia Floating Rate CFRZX, left Columbia Threadneedle. Effective June 15, current comanager Vesa Tontti was named lead portfolio manager, while Daniel DeYoung remains a comanager of the strategy. Tontti has been a named manager here since early 2019 but joined the team in 2002. DeYoung, formerly a senior analyst and head of Columbia's high-yield research, has been a comanager of Columbia High Yield Bond CHYYX since February 2019.
Columbia Floating Rate R CFRRX
NAV / 1-Day Return
35.28
/
0.02
%
Total Assets
750.0 Mil
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.
1.280%
Expense Ratio
1.280%
Fee Level
Average
Longest Manager Tenure
2.49
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
0
Status
Open
TTM Yield
2.69%
Effective Duration
0.35
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 CFRRX 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 CFRRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CFRRX 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 CFRRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Changes in the Management Team of Columbia Floating Rate; Ratings Unchanged
