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.
Will CFRRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of CFRRX’s parent organization’s priorities and whether they’re in line with investors’ interests.