Columbia Floating Rate Fund Class C (RFRCX)
| Fund Assets | 744.11M |
| Expense Ratio | 1.76% |
| Min. Investment | $5,000 |
| Turnover | 80.00% |
| Dividend (ttm) | 2.18 |
| Dividend Yield | 6.51% |
| Dividend Growth | -16.13% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 33.55 |
| YTD Return | 0.93% |
| 1-Year Return | 3.98% |
| 5-Year Return | 25.22% |
| 52-Week Low | 32.39 |
| 52-Week High | 33.71 |
| Beta (5Y) | n/a |
| Holdings | 360 |
| Inception Date | Feb 16, 2006 |
About RFRCX
Columbia Floating Rate Fund Class C is a mutual fund that focuses on delivering a high level of current income by primarily investing in floating-rate bank loans and other debt securities. Its core strategy centers on acquiring loans with interest rates that adjust periodically above common short-term benchmarks such as Libor or SOFR, which helps the fund mitigate interest rate risk and capitalize on changing rate environments. By targeting floating-rate instruments, the fund aims to offer higher income potential, typically in exchange for increased credit risk as it invests in below-investment-grade securities. This approach makes the fund particularly relevant for investors seeking alternatives to traditional fixed income during periods of rising interest rates. Columbia Floating Rate Fund Class C plays a vital role in the market by providing exposure to the bank loan sector, supported by an experienced research team, and is designed to potentially preserve capital as a secondary focus. Launched in 2006, the fund operates within the taxable bond category and is actively managed to adapt to changing macroeconomic conditions.
Performance
RFRCX had a total return of 3.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.97%.
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 High Income Fund | n/a |
Top 10 Holdings
7.51% of assets| Name | Symbol | Weight |
|---|---|---|
| COLUMBIA SHORT TERM CASH FUND | n/a | 1.75% |
| UKG INC - ULTIMATE SOFTWARE UKG TLB 3.00 | ULTI.L 02.10.31 9 | 0.66% |
| CENTRAL PARENT LLC TLB 3.25 | CDK.L 07.06.29 4 | 0.66% |
| TRITON WATER HOLDINGS INC - PRIMO BRAND CORP (TRITON) TLB 2.25 | PRMB.L 03.31.28 1 | 0.64% |
| MCAFEE CORP TLB1 3.0 | MCFE.L 03.01.29 7 | 0.64% |
| PROOFPOINT INC - PROOFPOINT TLB 3.0 | PFPT.L 08.31.28 5 | 0.64% |
| INDY US BIDCO LLC TLB 3.5 | INDYUS.L 03.06.28 14 | 0.63% |
| WHATABRANDS LLC TLB 2.5 | WHABRA.L 08.03.28 8 | 0.63% |
| SCIENTIFIC GAMES HOLDINGS LP - SCIENTIFIC GAMES TLB 3.0 | n/a | 0.63% |
| SEDGWICK CLAIMS MANAGEMENT SERVI - SEDGWICK CLAIMS MGMT TLB 3.0 | SEDGEW.L 02.24.28 6 | 0.62% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.16197 | Jun 30, 2025 |
| May 30, 2025 | $0.16132 | May 30, 2025 |
| Apr 30, 2025 | $0.16727 | Apr 30, 2025 |
| Mar 31, 2025 | $0.17215 | Mar 31, 2025 |
| Feb 28, 2025 | $0.18078 | Feb 28, 2025 |
| Jan 31, 2025 | $0.18108 | Jan 31, 2025 |