![](https://capedge.com/proxy/NPORT-P/0001145549-23-043457/img319550e31.jpg)
First Quarter Report
May 31, 2023 (Unaudited)
May 31, 2023 (Unaudited)
![](https://capedge.com/proxy/NPORT-P/0001145549-23-043457/img4047e1872.jpg)
Columbia Overseas Value Fund
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Portfolio of Investments
Columbia Overseas Value Fund, May 31, 2023 (Unaudited)
Columbia Overseas Value Fund, May 31, 2023 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 97.0% | ||
Issuer | Shares | Value ($) |
Australia 1.6% | ||
Northern Star Resources Ltd. | 5,137,481 | 43,446,638 |
Brazil 0.5% | ||
JBS S/A | 4,041,030 | 13,461,338 |
Canada 5.4% | ||
Alimentation Couche-Tard, Inc. | 923,728 | 44,726,808 |
Cameco Corp. | 1,300,224 | 36,198,236 |
Nutrien Ltd. | 218,765 | 11,528,915 |
Pan American Silver Corp. | 736,786 | 11,221,251 |
Teck Resources Ltd., Class B | 577,988 | 22,581,991 |
Teekay Tankers Ltd., Class A | 253,781 | 9,169,107 |
Vermilion Energy, Inc. | 1,149,103 | 12,490,750 |
Total | 147,917,058 | |
China 1.7% | ||
Guangdong Investment Ltd. | 33,662,000 | 28,686,251 |
Industrial & Commercial Bank of China Ltd., Class H | 32,175,000 | 17,182,756 |
Total | 45,869,007 | |
Finland 1.7% | ||
UPM-Kymmene OYJ | 1,508,837 | 45,358,427 |
France 13.0% | ||
AXA SA | 2,462,318 | 69,808,404 |
BNP Paribas SA | 949,298 | 55,190,561 |
DBV Technologies SA, ADR(a) | 339,709 | 662,433 |
Eiffage SA | 313,392 | 33,468,000 |
Engie SA | 1,952,741 | 29,362,613 |
Sanofi | 661,090 | 67,449,058 |
TotalEnergies SE | 1,740,970 | 98,244,363 |
Total | 354,185,432 | |
Germany 4.2% | ||
Bayer AG, Registered Shares | 300,220 | 16,755,385 |
Duerr AG | 738,703 | 21,666,179 |
E.ON SE | 2,902,022 | 35,182,099 |
KION Group AG | 346,449 | 12,159,239 |
Mercedes-Benz Group AG, Registered Shares | 231,967 | 17,340,362 |
Merck KGaA | 55,201 | 9,641,514 |
Total | 112,744,778 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Greece 1.0% | ||
Piraeus Financial Holdings SA(a) | 8,935,343 | 26,421,261 |
Hong Kong 1.2% | ||
WH Group Ltd. | 60,435,830 | 31,595,425 |
Ireland 1.6% | ||
Amarin Corp. PLC, ADR(a) | 315,878 | 369,577 |
Bank of Ireland Group PLC | 2,780,369 | 26,273,793 |
Flutter Entertainment PLC(a) | 86,657 | 17,019,699 |
Total | 43,663,069 | |
Israel 3.4% | ||
Bank Hapoalim BM | 2,970,078 | 23,908,976 |
Bezeq Israeli Telecommunication Corp., Ltd. | 13,181,582 | 16,482,511 |
Check Point Software Technologies Ltd.(a) | 413,652 | 51,627,906 |
Total | 92,019,393 | |
Japan 19.4% | ||
Dai-ichi Life Holdings, Inc. | 1,941,200 | 33,201,777 |
Daiwabo Holdings Co., Ltd. | 2,144,200 | 39,680,423 |
ITOCHU Corp. | 1,784,500 | 60,241,154 |
Kinden Corp. | 1,269,000 | 16,567,808 |
Koito Manufacturing Co., Ltd. | 946,400 | 17,742,109 |
Marubeni Corp. | 2,312,000 | 32,948,901 |
MatsukiyoCocokara & Co. | 782,300 | 41,876,088 |
Mebuki Financial Group, Inc. | 6,974,900 | 16,385,152 |
Nippon Telegraph & Telephone Corp. | 982,000 | 27,899,340 |
ORIX Corp. | 3,044,200 | 51,746,128 |
Ship Healthcare Holdings, Inc. | 1,272,700 | 21,629,066 |
Sumitomo Mitsui Financial Group, Inc. | 1,527,700 | 61,996,623 |
Takeda Pharmaceutical Co., Ltd. | 1,636,400 | 52,080,205 |
Takuma Co., Ltd. | 835,845 | 8,508,762 |
Toyota Motor Corp. | 2,433,100 | 33,143,218 |
Tsuruha Holdings, Inc. | 179,500 | 12,397,536 |
Total | 528,044,290 |
2 | Columbia Overseas Value Fund | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Overseas Value Fund, May 31, 2023 (Unaudited)
Columbia Overseas Value Fund, May 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Netherlands 10.7% | ||
ASR Nederland NV | 1,315,655 | 56,068,946 |
ING Groep NV | 5,319,156 | 65,537,786 |
Koninklijke Ahold Delhaize NV | 1,993,521 | 63,199,307 |
Shell PLC | 3,839,762 | 105,566,540 |
Total | 290,372,579 | |
Norway 0.8% | ||
Leroy Seafood Group ASA | 4,548,521 | 20,377,144 |
Russian Federation —% | ||
Lukoil PJSC(b),(c),(d),(e) | 106,132 | — |
Singapore 2.4% | ||
BW LPG Ltd. | 2,338,233 | 20,007,565 |
Venture Corp., Ltd. | 4,116,200 | 46,179,491 |
Total | 66,187,056 | |
South Africa 0.4% | ||
Sibanye Stillwater Ltd., ADR | 1,361,549 | 9,721,460 |
South Korea 0.8% | ||
Hyundai Home Shopping Network Corp. | 130,187 | 4,560,568 |
Youngone Corp. | 485,950 | 16,459,881 |
Total | 21,020,449 | |
Spain 3.4% | ||
Banco Santander SA | 18,101,439 | 59,137,940 |
Endesa SA | 1,390,563 | 30,154,836 |
Tecnicas Reunidas SA(a) | 435,117 | 3,864,407 |
Total | 93,157,183 | |
Sweden 0.2% | ||
Stillfront Group AB(a) | 3,592,704 | 6,581,309 |
Switzerland 3.2% | ||
Novartis AG, Registered Shares | 749,260 | 71,814,117 |
UBS AG | 769,128 | 14,663,685 |
Total | 86,477,802 | |
Taiwan 1.1% | ||
Fubon Financial Holding Co., Ltd. | 15,716,115 | 31,036,455 |
United Kingdom 13.6% | ||
AstraZeneca PLC, ADR | 329,885 | 24,107,996 |
BP PLC | 4,789,629 | 26,908,257 |
British American Tobacco PLC | 2,160,364 | 68,385,445 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
BT Group PLC | 22,773,083 | 41,600,486 |
Crest Nicholson Holdings PLC | 1,642,861 | 4,961,589 |
DCC PLC | 792,052 | 45,387,259 |
Imperial Brands PLC | 1,314,831 | 27,717,873 |
John Wood Group PLC(a) | 2,234,967 | 3,907,294 |
Just Group PLC | 26,371,077 | 27,654,026 |
Liberty Global PLC, Class C(a) | 1,700,700 | 28,945,914 |
TP Icap Group PLC | 14,865,139 | 28,014,607 |
Vodafone Group PLC | 44,922,648 | 42,718,355 |
Total | 370,309,101 | |
United States 5.7% | ||
Burford Capital Ltd. | 2,823,015 | 37,433,179 |
Diversified Energy Co. PLC | 32,551,939 | 34,459,530 |
Energy Fuels, Inc.(a) | 2,295,108 | 13,495,235 |
Insmed, Inc.(a) | 205,238 | 3,905,679 |
Jazz Pharmaceuticals PLC(a) | 332,643 | 42,631,527 |
Livent Corp.(a) | 878,576 | 20,251,177 |
Quotient Ltd.(a) | 22,353 | 932 |
Sage Therapeutics, Inc.(a) | 62,480 | 3,092,760 |
Total | 155,270,019 | |
Total Common Stocks (Cost $2,696,470,054) | 2,635,236,673 | |
Exchange-Traded Equity Funds 2.1% | ||
Shares | Value ($) | |
United States 2.1% | ||
iShares MSCI EAFE Value ETF | 1,223,608 | 58,243,741 |
Total Exchange-Traded Equity Funds (Cost $59,346,679) | 58,243,741 | |
Money Market Funds 0.3% | ||
Columbia Short-Term Cash Fund, 5.241%(f),(g) | 7,179,412 | 7,175,823 |
Total Money Market Funds (Cost $7,175,638) | 7,175,823 | |
Total Investments in Securities (Cost $2,762,992,371) | 2,700,656,237 | |
Other Assets & Liabilities, Net | 15,752,750 | |
Net Assets | $2,716,408,987 |
Columbia Overseas Value Fund | First Quarter Report 2023 | 3 |
Portfolio of Investments (continued)
Columbia Overseas Value Fund, May 31, 2023 (Unaudited)
Columbia Overseas Value Fund, May 31, 2023 (Unaudited)
Investments in derivatives
Forward foreign currency exchange contracts | |||||
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) |
8,654,000 AUD | 5,715,855 USD | Goldman Sachs International | 06/15/2023 | 84,010 | — |
94,205,000 CAD | 69,998,425 USD | Goldman Sachs International | 06/15/2023 | 577,645 | — |
42,417,000 CAD | 31,206,363 USD | Goldman Sachs International | 06/15/2023 | — | (51,226) |
581,972,000 DKK | 85,242,029 USD | Goldman Sachs International | 06/15/2023 | 1,628,060 | — |
75,529,000 EUR | 82,451,988 USD | Goldman Sachs International | 06/15/2023 | 1,656,200 | — |
4,588,000 GBP | 5,723,645 USD | Goldman Sachs International | 06/15/2023 | 14,752 | — |
1,871,032,000 JPY | 13,985,260 USD | Goldman Sachs International | 06/15/2023 | 528,123 | — |
22,331,289,000 KRW | 16,940,102 USD | Goldman Sachs International | 06/15/2023 | 77,991 | — |
744,487,000 NOK | 70,738,100 USD | Goldman Sachs International | 06/15/2023 | 3,624,538 | — |
353,495,000 SEK | 34,605,313 USD | Goldman Sachs International | 06/15/2023 | 2,006,492 | — |
133,678,000 SGD | 99,779,849 USD | Goldman Sachs International | 06/15/2023 | 882,495 | — |
1,624,332,000 TWD | 53,484,755 USD | Goldman Sachs International | 06/15/2023 | 580,071 | — |
143,113,964 USD | 213,007,000 AUD | Goldman Sachs International | 06/15/2023 | — | (4,493,410) |
5,614,000 USD | 5,003,000 CHF | Goldman Sachs International | 06/15/2023 | — | (112,095) |
96,710,344 USD | 655,101,000 DKK | Goldman Sachs International | 06/15/2023 | — | (2,589,674) |
93,684,993 USD | 85,192,000 EUR | Goldman Sachs International | 06/15/2023 | — | (2,552,384) |
44,814,627 USD | 36,021,000 GBP | Goldman Sachs International | 06/15/2023 | 6,652 | — |
48,323,000 USD | 521,057,000 NOK | Goldman Sachs International | 06/15/2023 | — | (1,351,070) |
47,293,269 USD | 76,748,000 NZD | Goldman Sachs International | 06/15/2023 | — | (1,070,609) |
104,559,708 USD | 1,087,972,000 SEK | Goldman Sachs International | 06/15/2023 | — | (4,228,433) |
94,563,634 USD | 125,293,000 SGD | Goldman Sachs International | 06/15/2023 | — | (1,869,652) |
Total | 11,667,029 | (18,318,553) |
Notes to Portfolio of Investments
(a) | Non-income producing investment. |
(b) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At May 31, 2023, the total value of these securities amounted to $0, which represents less than 0.01% of total net assets. |
(c) | Denotes a restricted security, which is subject to legal or contractual restrictions on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund’s Board of Trustees. At May 31, 2023, the total market value of these securities amounted to $0, which represents less than 0.01% of total net assets. Additional information on these securities is as follows: |
Security | Acquisition Dates | Shares | Cost ($) | Value ($) |
Lukoil PJSC | 01/25/2022-01/26/2022 | 106,132 | 8,693,218 | — |
(d) | As a result of sanctions and restricted cross-border payments, certain income and/or principal has not been recognized by the Fund. The Fund will continue to monitor the net realizable value and record the income when it is considered collectible. |
(e) | Valuation based on significant unobservable inputs. |
(f) | The rate shown is the seven-day current annualized yield at May 31, 2023. |
(g) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended May 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 5.241% | ||||||||
4,590,534 | 195,489,933 | (192,904,634) | (10) | 7,175,823 | (2,513) | 214,547 | 7,179,412 |
4 | Columbia Overseas Value Fund | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Overseas Value Fund, May 31, 2023 (Unaudited)
Columbia Overseas Value Fund, May 31, 2023 (Unaudited)
Abbreviation Legend
ADR | American Depositary Receipt |
Currency Legend
AUD | Australian Dollar |
CAD | Canada Dollar |
CHF | Swiss Franc |
DKK | Danish Krone |
EUR | Euro |
GBP | British Pound |
JPY | Japanese Yen |
KRW | South Korean Won |
NOK | Norwegian Krone |
NZD | New Zealand Dollar |
SEK | Swedish Krona |
SGD | Singapore Dollar |
TWD | New Taiwan Dollar |
USD | US Dollar |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Columbia Overseas Value Fund | First Quarter Report 2023 | 5 |
You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.
1QT208_02_N01_(07/23)