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Morningstar

Columbia Bond A CNDAX

Morningstar Medalist Rating
Medalist Rating as of | See Columbia Threadneedle Investment Hub
  • NAV / 1-Day Return 27.92  /  0.33 %
  • Total Assets 882.7 Mil
  • Adj. Expense Ratio
    0.740%
  • Expense Ratio 0.740%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 3.85%
  • Effective Duration 6.93 years

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

Morningstar’s Analysis CNDAX

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

People Pillar

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

This mortgage-focused fund got pummeled in 2022.

Senior Analyst Peter Marchese

Peter Marchese

Senior Analyst

Summary

Columbia Bond benefits from a veteran team of managers who implement a sensible relative value process with a focus on various types of mortgage-backed securities. The strategy earns a Morningstar Analyst Rating of Neutral on its cheapest share classes, while its more expensive share class is rated Negative.

by Peter Marchese
Rated on Published on

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Portfolio Holdings CNDAX

More CNDAX Holdings
  • Current Portfolio Date
  • Equity Holdings 3
  • Bond Holdings 364
  • Other Holdings 10
  • % Assets in Top 10 Holdings 17.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Columbia Short-Term Cash

6.45
72,249,785
Cash and Equivalents

Federal National Mortgage Association 5%

3.67
41,153,438
Securitized

Federal National Mortgage Association 3%

3.35
37,567,987
Securitized

Federal National Mortgage Association 4%

1.84
20,644,766
Securitized

Fnma Pass-Thru I 4%

1.62
18,115,776
Securitized

Government National Mortgage Association 4%

1.52
17,031,797
Securitized

Federal Home Loan Mortgage Corporation 2.5%

1.26
14,067,199
Securitized

Federal National Mortgage Association 3.5%

1.22
13,668,164
Securitized

Federal Home Loan Mortgage Corporation 4%

1.21
13,553,321
Securitized

Federal National Mortgage Association 4.5%

1.12
12,498,281
Securitized