Columbia Floating Rate Fund Institutional 2 Class (RFRFX)
| Fund Assets | 743.45M |
| Expense Ratio | 0.73% |
| Min. Investment | $0.00 |
| Turnover | 80.00% |
| Dividend (ttm) | 2.54 |
| Dividend Yield | 7.54% |
| Dividend Growth | -14.28% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 33.66 |
| YTD Return | 1.01% |
| 1-Year Return | 5.31% |
| 5-Year Return | 30.35% |
| 52-Week Low | 32.51 |
| 52-Week High | 33.84 |
| Beta (5Y) | n/a |
| Holdings | 360 |
| Inception Date | Aug 1, 2008 |
About RFRFX
Columbia Floating Rate Fund Institutional 2 Class is a mutual fund that primarily invests in bank loans and floating rate debt securities. Its core objective is to generate high current income for investors by focusing on loans that pay interest rates which "float"—resetting periodically based on benchmarks such as LIBOR or SOFR—thereby helping offset interest rate volatility and reducing overall sensitivity to rate changes. This approach makes the fund attractive for those seeking income with potentially less fluctuation than traditional fixed-rate bond funds in rising rate environments. The fund employs a risk-aware, bottom-up credit selection process, aiming to balance return potential with prudent risk management across varying market conditions. It is benchmarked against the Credit Suisse Leveraged Loan Index and falls within the "Bank Loan" Morningstar category. The fund’s strategy and diversified loan exposures position it as a significant player in the income-oriented segment, serving investors who seek to mitigate interest rate risk while pursuing enhanced yield opportunities through investment in below-investment-grade loan markets.
Performance
RFRFX had a total return of 5.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.70%.
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 | $0.19161 | Jun 30, 2025 |
| May 30, 2025 | $0.19161 | May 30, 2025 |
| Apr 30, 2025 | $0.196 | Apr 30, 2025 |
| Mar 31, 2025 | $0.20217 | Mar 31, 2025 |
| Feb 28, 2025 | $0.20799 | Feb 28, 2025 |
| Jan 31, 2025 | $0.21144 | Jan 31, 2025 |