Fund Evaluator:
Columbia Floating Rate C (RFRCX)
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Best Performing in Bank Loan Over the Last Year
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Fund Details
Columbia Floating Rate C Overview
Columbia Floating Rate C (RFRCX) is an actively managed Taxable Bond Bank Loan fund. Columbia Threadneedle launched the fund in 2006.
The investment seeks to provide shareholders with a high level of current income and, as a secondary objective, preservation of capital. 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. It may invest up to 25% of its net assets in foreign investments.
About Columbia Floating Rate C (RFRCX)
There are 3 members of the management team with an average tenure of 5.42 years: Daniel DeYoung (2020), Vesa Tontti (2019), Stanton Ray (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and S&P UBS Leveraged Loan TR USD index with a weighting of 100%. Columbia Floating Rate C has 370 securities in its portfolio. The top 10 holdings constitute 9.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Columbia Floating Rate C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Columbia Floating Rate C has 11.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.5%. There is 0.0% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.8% (83.9% domestic bond, 11.9% foreign bond and 0.0% convertible bond). Columbia Floating Rate C has 3.2% of the portfolio in cash.
Assets Under Management
The fund has $19 million in total assets, which is below the $344 million average for the Bank Loan category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
RFRCX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Columbia Floating Rate C expense ratio is high compared to funds in the Bank Loan category. Columbia Floating Rate C has an expense ratio of 1.76%, which is 67% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Columbia Floating Rate C has a portfolio turnover rate of 80%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Bank Loan category.
Recently, in the month of July 2026, Columbia Floating Rate C returned 0.6%, which earned it a grade of C, as the Bank Loan category had an average return of 0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Columbia Floating Rate C has a trailing yield of 5.67%, which is below the 6.73% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Columbia Floating Rate C Grades
Year to date, the fund has returned 1.5%, 0.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.2% over the past year (grade of D), 6.0% over the past three years (grade of F) and 4.3% per year over the past five years (grade of F) and 3.7% per year over the past 10 years (grade of F).
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RFRCX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RFRCX Return (NAV) | 0.6% | 1.0% | 3.2% | 6.0% | 4.3% | 3.7% |
| RFRCX Grade | C | D | D | F | F | F |
| +/- Category | 0.1% | -0.2% | -0.7% | -0.7% | -0.9% | -0.8% |
| Bank Loan Avg | 0.6% | 1.2% | 3.8% | 6.6% | 5.2% | 4.4% |
| RFRCX Tax Cost Ratio | na | na | 2.3% | 2.6% | 2.3% | 1.8% |
RFRCX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RFRCX Return (NAV) | 1.5% | 5.0% | 7.2% | 10.9% | -3.4% | 3.8% | 0.3% | 6.8% | -0.8% | 3.2% | 8.8% |
| RFRCX Grade | D | C | F | F | D | D | F | F | D | D | C |
| +/- Category | -0.4% | -0.1% | -1.1% | -1.2% | -1.1% | -0.9% | -0.9% | -0.8% | -0.4% | -0.5% | -0.5% |
| Bank Loan Avg | 1.9% | 5.1% | 8.2% | 12.1% | -2.3% | 4.7% | 1.3% | 7.6% | -0.4% | 3.7% | 9.2% |
| Risk Measures | |
| Standard Deviation: | 1.9% |
| Total Risk Index: | 0.15 - Low |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (23% Rank) |
| Beta: | 0.01 |
| R-Squared: | 0% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | Low Quality Limited Sensitivity |
| Yield: | 5.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $720 Mil |
| Fund Total Assets: | $ 20 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 80% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 7.5 years | |||
| Average Tenure: 5.4 years | |||
| Managers (Year): Tontti Vesa (2019), DeYoung Daniel (2020), Ray Stanton (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 370 |
| % in Top 10 Holdings: | 9.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 11.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.5% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 83.9% |
| Foreign Bond: | 11.9% |
| Convertible Bond: | 0.0% |
| Other: | 0.4% |
| Cash: | 3.2% |
Purchase Information
| Fund Family: | Columbia Threadneedle |
| Phone Number: | 800-345-6611 |
| Website: | www.columbiamanagement.com |
| Status: | Open |
| Inception Date: | February 16, 2006 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.76% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Columbia Floating Rate A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
