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Morningstar

Columbia Floating Rate A RFRAX

Morningstar Medalist Rating
Medalist Rating as of | See Columbia Threadneedle Investment Hub
  • NAV / 1-Day Return 33.52  /  0.03 %
  • Total Assets 746.3 Mil
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.020%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 8.34%
  • Effective Duration 0.21 years

USD | NAV as of Nov 29, 2023 | 1-Day Return as of Nov 29, 2023, 11:21 PM GMT+0

Morningstar’s Analysis RFRAX

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

People Pillar

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

Management is still settling in.

Senior Analyst Peter Marchese

Peter Marchese

Senior Analyst

Summary

Columbia Floating Rate's management team seems to have found some stability after high turnover in recent years. While the supporting investment team has remained stable, it will take time for the new managers to prove their edge. The strategy retains its Morningstar Analyst Rating of Neutral for most of its share classes and a Negative rating for the more expensive C share class.

by Peter Marchese
Rated on Published on

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Portfolio Holdings RFRAX

More RFRAX Holdings
  • Current Portfolio Date
  • Equity Holdings 13
  • Bond Holdings 318
  • Other Holdings 12
  • % Assets in Top 10 Holdings 6.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Columbia Short-Term Cash

6.59
51,421,409
Cash and Equivalents

MEDLINE TLB 3.25

0.80
6,253,472
Corporate

Great Outdoors Group Llc Tlb1 3.75

0.64
4,997,748
Corporate

Tempo Acquisition Llc Tlb 2.75

0.63
4,895,339
Corporate

PERATON CORP TLB 3.75

0.62
4,870,931
Corporate

CREATIVE ARTISTS AGENCY TLB 3.5

0.60
4,680,612
Corporate

Whatabrands Llc Tlb 3.25

0.60
4,679,954
Corporate

INFORMATICA CORPORATION TLB 2.75

0.60
4,646,180
Corporate

CDK GLOBAL TLB 4.5

0.57
4,484,611
Corporate

Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 6.75%

0.57
4,443,164
Corporate