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Columbia Floating Rate A RFRAX

Analyst rating as of
  • NAV / 1-Day Return 33.32  /  0.05 %
  • Total Assets 781.5 Mil
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.020%
  • Distribution Fee Level 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 4.69%
  • Effective Duration 0.21 years

Morningstar’s Analysis RFRAX

Will RFRAX outperform in future?

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

Stabilizing.

Senior Analyst

Summary

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Columbia Floating Rate has experienced a revolving door of portfolio managers since 2018. This team implements a structured, robust process of credit risk management and portfolio construction, but given the newness of the management team, it doesn’t have a track record of executing the process. The strategy retains its Average People and Process Pillar ratings and its Morningstar Analyst Rating of Neutral across most share classes, though its expensive C shares retain a Negative rating.

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