Skip to Content
Morningstar

Columbia Floating Rate R CFRRX

Morningstar Medalist Rating
Medalist Rating as of | See Columbia Threadneedle Investment Hub
  • NAV / 1-Day Return 33.62  /  0.04 %
  • Total Assets 753.9 Mil
  • Adj. Expense Ratio
    1.270%
  • Expense Ratio 1.270%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Medium
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 7.52%
  • Effective Duration 0.17 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:16 PM GMT+0

Morningstar’s Analysis CFRRX

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.

Management is still settling in.

Senior Analyst Peter Marchese

Peter Marchese

Senior Analyst

Summary

Columbia Floating Rate's management team seems to have found some stability after high turnover in recent years. While the supporting investment team has remained stable, it will take time for the new managers to prove their edge. The strategy retains its Morningstar Analyst Rating of Neutral for most of its share classes and a Negative rating for the more expensive C share class.

by Peter Marchese
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings CFRRX

More CFRRX Holdings
  • Current Portfolio Date
  • Equity Holdings 15
  • Bond Holdings 275
  • Other Holdings 9
  • % Assets in Top 10 Holdings 7.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Columbia Short-Term Cash

3.72
22,825,339
Cash and Equivalents

Alight (Tempo) Acquisition Tlb 3.0

0.80
4,895,339
Corporate

PERATON CORP TLB 3.75

0.78
4,817,535
Corporate

Whatabrands Llc Tlb 3.25

0.76
4,681,017
Corporate

CDK GLOBAL TLB 4.5

0.73
4,482,772
Corporate

Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 6.75%

0.72
4,402,861
Corporate

DIGICERT INC TLB 4.0

0.71
4,351,667
Corporate

ITT HOLDINGS LLC TLB

0.70
4,276,816
Corporate

Sovos Compliance Llc Tlb 4.5

0.69
4,220,605
Corporate

HARD ROCK NORTHERN IN TLB 4.25

0.68
4,149,861
Corporate