Columbia Floating Rate Fund
Fund
CFRRX
Price as of:
$33.71
- $0.01
- 0.03%
Primary Theme
fund company
Name
As of 09/22/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.3%
1 yr return
10.7%
3 Yr Avg Return
4.7%
5 Yr Avg Return
36.3%
Net Assets
$732 M
Holdings in Top 10
9.6%
52 WEEK LOW AND HIGH
$33.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 75.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/22/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
CFRRX - Profile
Distributions
- YTD Total Return 9.3%
- 3 Yr Annualized Total Return 4.7%
- 5 Yr Annualized Total Return 36.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.99%
- Dividend Yield 8.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameColumbia Floating Rate Fund
-
Fund Family NameColumbia Funds Complex
-
Inception DateSep 27, 2010
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerVesa Tontti
Fund Description
Under normal market conditions, at least 80% of the Fund’s net assets (including the amount of any borrowings for investment purposes) will be invested in floating rate loans and floating rate debt securities. These debt instruments will generally be rated non-investment grade by recognized rating agencies (similar to “high-yield” investments or “junk bonds”) or, if unrated, determined to be of comparable quality. The Fund may invest up to 25% of its net assets in foreign investments.
The Fund normally invests in senior secured floating rate loans. Senior floating rate loans held by the Fund will generally have final maturities of nine years or less.
The Fund may also invest in other securities, including investment grade fixed income debt instruments, non-investment grade fixed income debt instruments, affiliated money market funds and certain money market instruments. To the extent the Fund invests in derivative instruments, the Fund may count the value of derivative securities with floating rate loan characteristics towards its 80% policy. For purposes of the 80% policy, money market holdings with a remaining maturity of less than 60 days will be deemed floating rate assets.
CFRRX - Performance
Return Ranking - Trailing
| Period | CFRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.3% | -4.6% | 8.3% | 41.75% |
| 1 Yr | 10.7% | -12.9% | 1.7% | 52.28% |
| 3 Yr | 4.7%* | -6.8% | 58.6% | 54.14% |
| 5 Yr | 36.3%* | -6.9% | 29.6% | 2.02% |
| 10 Yr | 18.8%* | -3.3% | 13.8% | 2.33% |
* Annualized
Return Ranking - Calendar
| Period | CFRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -7.1% | -22.9% | 5.1% | 41.49% |
| 2021 | 1.3% | -12.2% | 11.1% | 32.73% |
| 2020 | 289.7% | -11.3% | 289.8% | 1.15% |
| 2019 | 2.5% | -8.1% | 5.3% | 59.06% |
| 2018 | -4.1% | -12.2% | -0.2% | 12.35% |
Total Return Ranking - Trailing
| Period | CFRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.3% | -4.6% | 11.4% | 41.75% |
| 1 Yr | 10.7% | -12.7% | 10.0% | 52.28% |
| 3 Yr | 4.7%* | -1.3% | 65.5% | 54.14% |
| 5 Yr | 36.3%* | -5.4% | 35.5% | 2.02% |
| 10 Yr | 18.8%* | 1.4% | 18.7% | 2.33% |
* Annualized
Total Return Ranking - Calendar
| Period | CFRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -2.7% | -22.9% | 5.1% | 65.60% |
| 2021 | 4.6% | -9.6% | 11.7% | 63.27% |
| 2020 | 318.2% | -8.8% | 306.9% | 1.91% |
| 2019 | 7.9% | -3.6% | 10.2% | 47.64% |
| 2018 | -0.2% | -5.2% | 4.5% | 37.45% |
NAV & Total Return History
CFRRX - Holdings
Concentration Analysis
| CFRRX | Category Low | Category High | CFRRX % Rank | |
|---|---|---|---|---|
| Net Assets | 732 M | 4.45 M | 181 B | 47.33% |
| Number of Holdings | 303 | 12 | 1447 | 54.04% |
| Net Assets in Top 10 | 62.9 M | -191 M | 2.54 B | 53.33% |
| Weighting of Top 10 | 9.62% | 4.6% | 89.7% | 78.87% |
Top 10 Holdings
- COLUMBIA SHORT TERM CASH FUND 2.02%
- ALLIANT HLDS INTERMED/ALLIANT HLDS 0.94%
- CENGAGE LEARNING INC TLB 4.75 0.93%
- PETSMART INC TLB 4.5 0.90%
- DIGICERT INC TLB 4.0 0.89%
- ASCEND LEARNING LLC TL 2LN 5.75 0.83%
- MEDLINE TLB 3.25 0.82%
- RUSSELL INV MGMT COMP TLB 3.0 0.80%
- ALIGHT (TEMPO) ACQUISITION TLB 3.0 0.75%
- PERATON CORP TLB 3.75 0.74%
Asset Allocation
| Weighting | Return Low | Return High | CFRRX % Rank | |
|---|---|---|---|---|
| Bonds | 96.11% | 28.71% | 161.82% | 30.88% |
| Cash | 3.36% | -61.90% | 53.95% | 54.04% |
| Stocks | 0.29% | 0.00% | 26.82% | 64.56% |
| Other | 0.24% | -54.21% | 26.58% | 30.53% |
| Convertible Bonds | 0.14% | 0.00% | 5.51% | 24.82% |
| Preferred Stocks | 0.00% | -3.99% | 1.54% | 35.79% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CFRRX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 9.34% |
| Technology | 0.00% | 0.00% | 100.00% | 74.18% |
| Real Estate | 0.00% | 0.00% | 48.61% | 81.87% |
| Industrials | 0.00% | 0.00% | 100.00% | 78.57% |
| Healthcare | 0.00% | 0.00% | 100.00% | 66.48% |
| Financial Services | 0.00% | 0.00% | 89.61% | 82.42% |
| Energy | 0.00% | 0.00% | 100.00% | 60.44% |
| Communication Services | 0.00% | 0.00% | 100.00% | 18.68% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 21.98% |
| Consumer Cyclical | 0.00% | 0.00% | 97.66% | 48.90% |
| Basic Materials | 0.00% | 0.00% | 1.36% | 82.97% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CFRRX % Rank | |
|---|---|---|---|---|
| US | 0.29% | -0.01% | 26.78% | 62.46% |
| Non US | 0.00% | 0.00% | 2.40% | 87.72% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | CFRRX % Rank | |
|---|---|---|---|---|
| Corporate | 92.07% | 0.00% | 141.23% | 37.94% |
| Cash & Equivalents | 2.02% | 0.00% | 54.60% | 53.68% |
| Derivative | 0.24% | 0.00% | 7.03% | 12.28% |
| Securitized | 0.00% | 0.00% | 91.68% | 93.26% |
| Municipal | 0.00% | 0.00% | 0.47% | 84.04% |
| Government | 0.00% | 0.00% | 3.18% | 90.43% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | CFRRX % Rank | |
|---|---|---|---|---|
| US | 96.11% | 14.05% | 128.23% | 22.46% |
| Non US | 0.00% | 0.00% | 84.20% | 91.93% |
CFRRX - Expenses
Operational Fees
| CFRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.30% | 0.01% | 15.84% | 42.86% |
| Management Fee | 0.64% | 0.00% | 1.89% | 53.42% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 64.79% |
| Administrative Fee | N/A | 0.02% | 0.27% | 25.00% |
Sales Fees
| CFRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 3.00% | N/A |
Trading Fees
| CFRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CFRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 75.00% | 4.00% | 215.00% | 60.74% |
CFRRX - Distributions
Dividend Yield Analysis
| CFRRX | Category Low | Category High | CFRRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 8.12% | 0.00% | 9.32% | 79.86% |
Dividend Distribution Analysis
| CFRRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| CFRRX | Category Low | Category High | CFRRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.99% | 1.77% | 10.22% | 81.79% |
Capital Gain Distribution Analysis
| CFRRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 30, 2022 | $0.181 | DailyAccrualFund |
| Oct 31, 2022 | $0.150 | DailyAccrualFund |
| Sep 30, 2022 | $0.135 | DailyAccrualFund |
| Aug 31, 2022 | $0.110 | DailyAccrualFund |
| Jul 29, 2022 | $0.094 | DailyAccrualFund |
| Jun 30, 2022 | $0.079 | DailyAccrualFund |
| May 31, 2022 | $0.077 | DailyAccrualFund |
| Apr 29, 2022 | $0.077 | DailyAccrualFund |
| Mar 31, 2022 | $0.077 | DailyAccrualFund |
| Feb 28, 2022 | $0.081 | DailyAccrualFund |
| Jan 31, 2022 | $0.083 | DailyAccrualFund |
| Dec 31, 2021 | $0.098 | DailyAccrualFund |
| Nov 30, 2021 | $0.092 | DailyAccrualFund |
| Oct 29, 2021 | $0.082 | DailyAccrualFund |
| Sep 30, 2021 | $0.081 | DailyAccrualFund |
| Aug 31, 2021 | $0.078 | DailyAccrualFund |
| Jun 30, 2021 | $0.080 | DailyAccrualFund |
| May 28, 2021 | $0.078 | DailyAccrualFund |
| Apr 30, 2021 | $0.083 | DailyAccrualFund |
| Mar 31, 2021 | $0.083 | DailyAccrualFund |
| Feb 26, 2021 | $0.083 | DailyAccrualFund |
| Jan 29, 2021 | $0.088 | DailyAccrualFund |
| Dec 31, 2020 | $0.088 | DailyAccrualFund |
| Nov 30, 2020 | $0.080 | DailyAccrualFund |
| Oct 30, 2020 | $0.079 | DailyAccrualFund |
| Sep 30, 2020 | $0.050 | DailyAccrualFund |
| Aug 31, 2020 | $0.016 | DailyAccrualFund |
| Jul 31, 2020 | $0.016 | DailyAccrualFund |
| Jun 30, 2020 | $0.016 | DailyAccrualFund |
| May 29, 2020 | $0.027 | DailyAccrualFund |
| Apr 30, 2020 | $0.030 | DailyAccrualFund |
| Mar 31, 2020 | $0.032 | DailyAccrualFund |
| Feb 28, 2020 | $0.033 | DailyAccrualFund |
| Jan 31, 2020 | $0.033 | DailyAccrualFund |
| Dec 31, 2019 | $0.035 | DailyAccrualFund |
| Nov 29, 2019 | $0.035 | DailyAccrualFund |
| Oct 31, 2019 | $0.035 | DailyAccrualFund |
| Sep 30, 2019 | $0.035 | DailyAccrualFund |
| Aug 30, 2019 | $0.035 | DailyAccrualFund |
| Jul 31, 2019 | $0.034 | DailyAccrualFund |
| Jun 28, 2019 | $0.034 | DailyAccrualFund |
| May 31, 2019 | $0.033 | DailyAccrualFund |
| Apr 30, 2019 | $0.033 | DailyAccrualFund |
| Mar 29, 2019 | $0.033 | DailyAccrualFund |
| Feb 28, 2019 | $0.034 | DailyAccrualFund |
| Jan 31, 2019 | $0.033 | DailyAccrualFund |
| Dec 31, 2018 | $0.045 | DailyAccrualFund |
| Nov 30, 2018 | $0.035 | DailyAccrualFund |
| Oct 31, 2018 | $0.031 | DailyAccrualFund |
| Aug 31, 2018 | $0.028 | DailyAccrualFund |
| Jul 31, 2018 | $0.028 | DailyAccrualFund |
| Jun 29, 2018 | $0.028 | DailyAccrualFund |
| May 31, 2018 | $0.028 | DailyAccrualFund |
| Apr 30, 2018 | $0.028 | DailyAccrualFund |
| Mar 29, 2018 | $0.027 | DailyAccrualFund |
| Feb 28, 2018 | $0.027 | DailyAccrualFund |
| Jan 31, 2018 | $0.026 | DailyAccrualFund |
| Dec 29, 2017 | $0.026 | DailyAccrualFund |
| Nov 30, 2017 | $0.023 | DailyAccrualFund |
| Oct 31, 2017 | $0.023 | DailyAccrualFund |
| Sep 29, 2017 | $0.023 | DailyAccrualFund |
| Aug 31, 2017 | $0.024 | DailyAccrualFund |
| Jul 31, 2017 | $0.024 | DailyAccrualFund |
| Jun 30, 2017 | $0.025 | DailyAccrualFund |
| May 31, 2017 | $0.025 | DailyAccrualFund |
| Apr 28, 2017 | $0.026 | DailyAccrualFund |
| Mar 31, 2017 | $0.026 | DailyAccrualFund |
| Feb 28, 2017 | $0.026 | DailyAccrualFund |
| Jan 31, 2017 | $0.026 | DailyAccrualFund |
| Dec 30, 2016 | $0.027 | DailyAccrualFund |
| Nov 30, 2016 | $0.027 | DailyAccrualFund |
| Oct 31, 2016 | $0.027 | DailyAccrualFund |
| Sep 30, 2016 | $0.027 | DailyAccrualFund |
| Aug 31, 2016 | $0.027 | DailyAccrualFund |
| Jul 29, 2016 | $0.027 | DailyAccrualFund |
| Jun 30, 2016 | $0.028 | DailyAccrualFund |
| May 31, 2016 | $0.028 | DailyAccrualFund |
| Apr 29, 2016 | $0.028 | DailyAccrualFund |
| Mar 31, 2016 | $0.027 | DailyAccrualFund |
| Feb 29, 2016 | $0.027 | DailyAccrualFund |
| Jan 29, 2016 | $0.028 | DailyAccrualFund |
| Dec 31, 2015 | $0.028 | DailyAccrualFund |
| Nov 30, 2015 | $0.027 | DailyAccrualFund |
| Oct 30, 2015 | $0.028 | DailyAccrualFund |
| Sep 30, 2015 | $0.028 | DailyAccrualFund |
| Aug 31, 2015 | $0.028 | DailyAccrualFund |
| Jul 31, 2015 | $0.029 | DailyAccrualFund |
| Jun 30, 2015 | $0.029 | DailyAccrualFund |
| May 29, 2015 | $0.027 | DailyAccrualFund |
| Apr 30, 2015 | $0.027 | DailyAccrualFund |
| Mar 31, 2015 | $0.026 | DailyAccrualFund |
| Feb 27, 2015 | $0.027 | DailyAccrualFund |
| Jan 30, 2015 | $0.027 | DailyAccrualFund |
| Dec 31, 2014 | $0.029 | DailyAccrualFund |
| Nov 28, 2014 | $0.029 | DailyAccrualFund |
| Oct 31, 2014 | $0.027 | DailyAccrualFund |
| Sep 30, 2014 | $0.026 | DailyAccrualFund |
| Aug 29, 2014 | $0.026 | DailyAccrualFund |
| Jul 31, 2014 | $0.025 | DailyAccrualFund |
| Jun 30, 2014 | $0.025 | DailyAccrualFund |
| May 30, 2014 | $0.028 | DailyAccrualFund |
| Apr 30, 2014 | $0.028 | DailyAccrualFund |
| Mar 31, 2014 | $0.026 | DailyAccrualFund |
| Feb 28, 2014 | $0.024 | DailyAccrualFund |
| Jan 31, 2014 | $0.025 | DailyAccrualFund |
| Dec 31, 2013 | $0.031 | DailyAccrualFund |
| Nov 29, 2013 | $0.028 | DailyAccrualFund |
| Oct 31, 2013 | $0.023 | DailyAccrualFund |
| Sep 30, 2013 | $0.022 | DailyAccrualFund |
| Aug 30, 2013 | $0.022 | DailyAccrualFund |
| Jul 31, 2013 | $0.023 | DailyAccrualFund |
| Jun 28, 2013 | $0.027 | DailyAccrualFund |
| May 31, 2013 | $0.027 | DailyAccrualFund |
| Apr 30, 2013 | $0.026 | DailyAccrualFund |
| Mar 28, 2013 | $0.028 | DailyAccrualFund |
| Feb 28, 2013 | $0.030 | DailyAccrualFund |
| Jan 31, 2013 | $0.029 | DailyAccrualFund |
| Dec 31, 2012 | $0.032 | DailyAccrualFund |
| Nov 30, 2012 | $0.032 | DailyAccrualFund |
| Oct 31, 2012 | $0.032 | DailyAccrualFund |
| Sep 28, 2012 | $0.029 | DailyAccrualFund |
| Aug 31, 2012 | $0.029 | DailyAccrualFund |
| Jul 31, 2012 | $0.031 | DailyAccrualFund |
| Jun 29, 2012 | $0.030 | DailyAccrualFund |
| May 31, 2012 | $0.032 | DailyAccrualFund |
| Apr 30, 2012 | $0.035 | DailyAccrualFund |
| Mar 30, 2012 | $0.036 | DailyAccrualFund |
| Feb 29, 2012 | $0.036 | DailyAccrualFund |
| Jan 31, 2012 | $0.035 | DailyAccrualFund |
| Dec 30, 2011 | $0.036 | DailyAccrualFund |
| Nov 30, 2011 | $0.037 | DailyAccrualFund |
| Oct 31, 2011 | $0.037 | DailyAccrualFund |
| Sep 30, 2011 | $0.033 | DailyAccrualFund |
| Aug 31, 2011 | $0.035 | DailyAccrualFund |
| Jul 29, 2011 | $0.032 | DailyAccrualFund |
| Jun 30, 2011 | $0.032 | DailyAccrualFund |
| May 31, 2011 | $0.032 | DailyAccrualFund |
| Apr 29, 2011 | $0.032 | DailyAccrualFund |
| Mar 31, 2011 | $0.027 | DailyAccrualFund |
CFRRX - Fund Manager Analysis
Managers
Vesa Tontti
Start Date
Tenure
Tenure Rank
Feb 08, 2019
3.31
3.3%
Mr. Tontti began his investment career in 1997 and earned an M.S. from the Institute of Industrial Management of Helsinki University of Technology, Finland.
Daniel DeYoung
Start Date
Tenure
Tenure Rank
Nov 06, 2020
1.56
1.6%
Mr. DeYoung began his investment career in 2005 and earned a B.S. from the University of Minnesota Carlson School of Management.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 21.18 | 6.05 | 3.25 |