Columbia Floating Rate A (RFRAX)
| Fund Assets | 745.21M |
| Expense Ratio | 1.01% |
| Min. Investment | $5,000 |
| Turnover | 80.00% |
| Dividend (ttm) | 2.36 |
| Dividend Yield | 6.83% |
| Dividend Growth | -16.49% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 33.54 |
| YTD Return | 1.02% |
| 1-Year Return | 4.02% |
| 5-Year Return | 25.20% |
| 52-Week Low | 32.38 |
| 52-Week High | 33.70 |
| Beta (5Y) | n/a |
| Holdings | 365 |
| Inception Date | Feb 16, 2006 |
About RFRAX
Columbia Floating Rate Fund Class A is a mutual fund focused on providing a high level of current income, with capital preservation as a secondary goal. The fund’s primary strategy centers on investing at least 80% of its net assets in floating rate loans and other floating rate debt securities, which typically feature adjustable interest rates. Most of these securities are rated below investment grade, positioning the fund within the bank loan category and reflecting a moderate level of credit risk. By investing in floating rate instruments, the fund seeks to reduce sensitivity to interest rate fluctuations, offering a degree of protection in rising rate environments. This fund holds a diversified portfolio spanning hundreds of individual securities, emphasizing exposure to the corporate credit markets. Columbia Floating Rate Fund Class A distributes income on a monthly basis and is designed to appeal to investors seeking consistent cash flow. Its significance in the market stems from its role in diversifying income sources and mitigating interest rate risk, making it a notable option among income-focused fixed income funds.
Performance
RFRAX had a total return of 4.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.71%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFHCX | Fidelity | Fidelity Series Floating Rate Hi Inc | n/a |
Top 10 Holdings
9.48% of assets| Name | Symbol | Weight |
|---|---|---|
| Columbia Short-Term Cash | n/a | 3.90% |
| Ultimate Software Ukg Tlb 3.00 | ULTI.L 02.10.31 9 | 0.65% |
| Mcafee Corp Tlb1 3.0 | MCFE.L 03.01.29 7 | 0.64% |
| Primo Brand Corp (Triton) Tlb 2.25 | PRMB.L 03.31.28 1 | 0.63% |
| Proofpoint Tlb 3.0 | PFPT.L 08.31.28 5 | 0.62% |
| Indy Us Bidco Llc Tlb 3.5 | INDYUS.L 03.06.28 14 | 0.61% |
| Whatabrands Llc Tlb 2.5 | WHABRA.L 08.03.28 8 | 0.61% |
| SCIENTIFIC GAMES TLB 3.0 | n/a | 0.61% |
| Sedgwick Claims Mgmt Tlb 3.0 | SEDGEW.L 02.24.28 6 | 0.61% |
| TK ELEVATOR US NEWCO INC TLB 3.0 | n/a | 0.61% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.1875 | Aug 29, 2025 |
| Jul 31, 2025 | $0.1825 | Jul 31, 2025 |
| Jun 30, 2025 | $0.1825 | Jun 30, 2025 |
| May 30, 2025 | $0.1825 | May 30, 2025 |
| Apr 30, 2025 | $0.1875 | Apr 30, 2025 |
| Mar 31, 2025 | $0.1933 | Mar 31, 2025 |