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Morningstar

Columbia Convertible Securities Inst NCIAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 19.58  /  0.36 %
  • Total Assets 1.4 Bil
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.850%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Convertibles
  • Investment Style Mid Value
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 2.25%
  • Turnover 92%

USD | NAV as of Jan 25, 2023 | 1-Day Return as of Jan 25, 2023, 11:14 PM GMT+00:00

Morningstar’s Analysis NCIAX

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

People Pillar

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

A flexible approach that captures the convertibles market's upside.

Analyst

Summary

| by Chiayi Tsui

Columbia Convertible Securities’ skilled and experienced portfolio managers leverage the firm’s equity and credit resources effectively and employ a flexible and consistent approach to convertible investing. The strategy earns a Morningstar Analyst Rating of Silver for its cheapest share classes, Bronze for the pricier share classes, and Neutral for the most expensive one.

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