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Morningstar

Columbia California Itmt Muncpl Bd Inst NCMAX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 9.90  /  0.01 %
  • Total Assets 322.2 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.500%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 2.49%
  • Effective Duration 5.18 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:24 PM GMT+00:00

Morningstar’s Analysis NCMAX

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

People Pillar

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

Summary

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Weakness in Columbia California Itmt Muncpl Bd Inst's People and Process Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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