Columbia Floating Rate has experienced a revolving door of portfolio managers since 2018. This team implements a structured, robust process of credit risk management and portfolio construction, but given the newness of the management team, it doesn’t have a track record of executing the process. The strategy retains its Average People and Process Pillar ratings and its Morningstar Analyst Rating of Neutral across most share classes, though its expensive C shares retain a Negative rating.
Morningstar’s Fund Analysis CFRRX
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.