Columbia High Yield Bond benefits from a robust process and a promising team, but recent performance suggests that the current duo at its helm could use more time to demonstrate its edge over peers. That supports a Morningstar Analyst Rating of Neutral across most share classes, though its expensive C share class is rated Negative.
Columbia High Yield Bond A INEAX
NAV / 1-Day Return
10.59
/
0.13
%
Total Assets
1.5 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.010%
Expense Ratio
1.010%
Fee Level
Above Average
Longest Manager Tenure
11.99
years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
2,000
Status
Open
TTM Yield
4.45%
Effective Duration
4.08
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will INEAX 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 INEAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the INEAX 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 INEAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A pure corporate player in high yield that invests globally.
