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Morningstar

Columbia Ultra Short Term Bond Inst3 CMGUX

Morningstar Medalist Rating
Medalist Rating as of | See Columbia Threadneedle Investment Hub
  • NAV / 1-Day Return 9.15  /  0.12 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.240%
  • Expense Ratio 0.240%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.69%
  • Effective Duration 0.52 years

USD | NAV as of Dec 01, 2023 | 1-Day Return as of Dec 01, 2023, 11:16 PM GMT+0

Morningstar’s Analysis CMGUX

Will CMGUX 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 CMGUX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CMGUX 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 CMGUX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Columbia Ultra Short Term Bond Inst3 earns a Morningstar Medalist Rating of Neutral with strength in areas such as People offset by weaker spots such as Process.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings CMGUX

More CMGUX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 208
  • Other Holdings 14
  • % Assets in Top 10 Holdings 14.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2.56%

2.55
31,185,055
Securitized

Columbia Short-Term Cash

2.03
24,799,298
Cash and Equivalents

VCAT LLC 1.8677%

1.67
20,388,745
Securitized

DT AUTO OWNER TRUST 3.85%

1.58
19,342,217
Securitized

GM FINANCIAL AUTOMOBILE LEASING TRUST 1.96%

1.51
18,479,924
Securitized

VERIZON MASTER TRUST 0.5%

1.41
17,236,347
Securitized

TOWD POINT MORTGAGE TRUST 2022-SJ1 3.612%

1.27
15,489,717
Securitized

WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2021-2 0.62%

1.26
15,440,514
Securitized

MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 4.384%

1.15
14,090,706
Securitized

SANTANDER DRIVE AUTO RECEIVABLES TRUST 2022-3 3.4%

1.13
13,859,206
Securitized