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Columbia Quality Income A AUGAX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
22.73  /  0.17 %
Total Assets
2.3 Bil
Adj. Expense Ratio
0.920%
Expense Ratio
0.920%
Fee Level
High
Longest Manager Tenure
12.16 years
Category
Intermediate Core-Plus Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
2,000
Status
Open
TTM Yield
2.95%
Effective Duration
3.59 years

USD | NAV as of Jun 18, 2021 | 1-Day Return as of Jun 18, 2021, 9:59 PM GMT+00:00

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Morningstar’s Analysis

Will AUGAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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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

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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

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

A flexible and value-driven strategy that has shown potential.

Senior Analyst

Summary

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Columbia Quality Income’s approach courts credit and liquidity risks, but the stable and experienced team has demonstrated skill in navigating volatile markets in 2020, supporting an upgrade of its People Pillar rating. While the strategy has shown potential, the overall portfolio risk level and complexity gives us pause, warranting a Morningstar Analyst Rating of Neutral for all share classes.

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