Columbia Quality Income’s approach courts credit and liquidity risks. The March 2020 sell-off was a real-life test, and the strategy bent but did not break. However, its overall risk level and complexity gives us pause, warranting a Morningstar Analyst Rating of Neutral for all share classes except C, which is rated Negative.
Will CUGZX 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 CUGZX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the CUGZX 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 CUGZX’s parent organization’s priorities and whether they’re in line with investors’ interests.