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Morningstar

Columbia Quality Income A AUGAX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
18.29  /  1.12 %
Total Assets
1.5 Bil
Adj. Expense Ratio
0.890%
Expense Ratio
0.890%
Fee Level
High
Longest Manager Tenure
13.62 years
Category
Intermediate Core-Plus Bond
Credit Quality / Interest Rate Sensitivity
High / Moderate
Min. Initial Investment
2,000
Status
Open
TTM Yield
2.47%
Effective Duration
7.76 years

USD | NAV as of Dec 01, 2022 | 1-Day Return as of Dec 01, 2022, 10:24 PM GMT+00:00

Morningstar’s Fund Analysis AUGAX

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

People Pillar

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

When they say "quality," they mean "securitized."

Senior Analyst

Summary

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Columbia Quality Income is a mortgage-focused core-plus strategy, with term “Quality” being implied by the fact that all the bonds are securitized by large pools of loans. Its experienced team executes a fundamentally driven process paired with robust portfolio risk management, although that's balanced by a healthier risk appetite than many peers. The strategy earns a Morningstar Analyst Rating of Neutral on all share classes.

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