- What does CCRP invest in?
- CCRP is actively managed and invests in corporate debt instruments, including bonds and notes issued by corporations or non-government entities. It primarily targets investment grade securities or unrated securities of comparable quality but may include high-yield debt, typically around 5% of net assets. The fund utilizes bottom-up fundamental credit research in its selection process and focuses on US corporate and USD-denominated debt, while also allowing investments in non-USD denominated debt. Up to 20% of net assets may be allocated to US and non-US government debt, agencies, or instrumentalities. It aims to maintain a duration range of three to ten years. The fund may also invest in asset-backed and mortgage-backed securities, derivatives such as forward contracts, credit default swaps, and interest rate swaps, and participate in dollar rolls and TBA markets. It may emphasize sectors like financials to select investments and manage interest rate or credit exposure.
- What is the expense ratio of CCRP?
- Columbia Corporate Bond ETF (CCRP) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.
- What is CCRP's dividend yield?
- CCRP's trailing-twelve-month yield is 3.77%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of CCRP?
- Effective duration measures CCRP's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CCRP's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of CCRP?
- CCRP's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of CCRP?
- Yield to maturity (YTM) is the total return you'd earn from CCRP if every bond in the portfolio is held to maturity at the current price. CCRP's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
