Morningstar

Columbia Corporate Income Inst2 CPIRX

Morningstar Medalist Rating
Medalist Rating as of | See Columbia Threadneedle Investment Hub
  • NAV / 1-Day Return 9.30  /  −0.52 %
  • Total Assets 1.9 Bil
  • Adj. Expense Ratio
    0.480%
  • Expense Ratio 0.480%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.35%
  • Effective Duration 6.35 years

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0

Morningstar’s Analysis CPIRX

Will CPIRX outperform in future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CPIRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CPIRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CPIRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Comanager Departure Doesn’t Call for Panic; Ratings Unchanged

null Max Curtin

Max Curtin

Analyst Note

Comanager Shannon Rinehart’s August 2024 departure from Columbia Corporate Income doesn’t alter our view of this collaborative effort. Columbia is not immediately replacing Rinehart’s position, instead returning to a three-manager model that long characterized this strategy prior to her 2022 appointment. We maintain our view that remaining comanagers John Dawson and Royce Wilson can continue to capably support longtime lead manager Tom Murphy while also acting to mitigate key-person risk of the 38-year industry veteran. Rinehart is still relatively early in her portfolio management career. She joined Columbia in 2009 and worked as a portfolio analyst prior to becoming a full-time manager in 2020. Beginning in August 2024, she moved to the firm’s tax-exempt group as part of her transition to take over lead municipal-bond portfolio management duties in 2025.

by Max Curtin
Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings CPIRX

More CPIRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Verizon Communications Inc. 2.55%

1.81 30.5 Mil
Corporate

Wells Fargo & Co. 5.557%

1.76 29.6 Mil
Corporate

Bank of America Corp. 1.922%

1.69 28.5 Mil
Corporate

NiSource Inc. 1.7%

1.68 28.2 Mil
Corporate

Bacardi Ltd / Bacardi Martini BV 5.4%

1.61 27.1 Mil
Corporate

BP Capital Markets America, Inc. 5.017%

1.51 25.3 Mil
Corporate

United States Treasury Bonds 4.375%

1.49 25.1 Mil
Government

AbbVie Inc. 4.8%

1.47 24.8 Mil
Corporate

Carrier Global Corporation 2.722%

1.46 24.6 Mil
Corporate

BAE Systems PLC 1.9%

1.45 24.5 Mil
Corporate

Sponsor Center