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COLUMBIA OVERSEAS VALUE FUND
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value |
PORTFOLIO OF INVESTMENTS
Columbia Overseas Value Fund, November 30, 2023 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 97.2% | ||||||||
Issuer | Shares | Value ($) | ||||||
Australia 1.8% | ||||||||
Northern Star Resources Ltd. | 5,914,564 | 49,423,913 | ||||||
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Brazil 0.7% | ||||||||
JBS S/A | 3,828,580 | 18,162,624 | ||||||
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Canada 4.1% | ||||||||
Cameco Corp. | 869,869 | 39,944,385 | ||||||
Nutrien Ltd. | 207,264 | 11,082,406 | ||||||
Pan American Silver Corp. | 874,991 | 13,702,359 | ||||||
Teck Resources Ltd., Class B | 547,602 | 20,617,215 | ||||||
Teekay Tankers Ltd., Class A | 152,511 | 7,578,272 | ||||||
Vermilion Energy, Inc. | 1,748,351 | 22,081,673 | ||||||
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Total | 115,006,310 | |||||||
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China 0.8% | ||||||||
Guangdong Investment Ltd. | 31,892,000 | 22,133,953 | ||||||
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Finland 2.0% | ||||||||
UPM-Kymmene OYJ | 1,585,535 | 55,469,028 | ||||||
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France 14.1% | ||||||||
AXA SA | 2,332,866 | 72,739,655 | ||||||
BNP Paribas SA | 899,391 | 56,542,053 | ||||||
DBV Technologies SA, ADR(a) | 321,850 | 238,169 | ||||||
Eiffage SA | 296,917 | 30,101,640 | ||||||
Engie SA | 3,727,279 | 64,679,853 | ||||||
Sanofi SA | 652,029 | 60,811,445 | ||||||
TotalEnergies SE | 1,607,356 | 109,556,131 | ||||||
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Total | 394,668,946 | |||||||
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Germany 3.9% | ||||||||
Bayer AG, Registered Shares | 284,437 | 9,736,015 | ||||||
Duerr AG | 699,867 | 15,426,465 | ||||||
E.ON SE | 3,088,552 | 40,145,216 | ||||||
KION Group AG | 328,236 | 11,969,806 | ||||||
Mercedes-Benz Group AG, Registered Shares | 219,772 | 14,289,433 | ||||||
Merck KGaA | 98,558 | 17,263,788 | ||||||
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Total | 108,830,723 | |||||||
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Greece 1.1% | ||||||||
Piraeus Financial Holdings SA(a) | 8,465,578 | 30,164,413 | ||||||
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Common Stocks (continued) | ||||||||
Issuer | Shares | Value ($) | ||||||
Hong Kong 1.3% | ||||||||
WH Group Ltd. | 57,258,830 | 36,775,954 | ||||||
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Ireland 1.4% | ||||||||
Amarin Corp. PLC, ADR(a) | 299,272 | 234,031 | ||||||
Bank of Ireland Group PLC | 2,910,794 | 27,253,154 | ||||||
Flutter Entertainment PLC(a) | 82,102 | 12,811,354 | ||||||
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Total | 40,298,539 | |||||||
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Israel 3.4% | ||||||||
Bank Hapoalim BM | 2,631,989 | 22,236,017 | ||||||
Bezeq Israeli Telecommunication Corp., Ltd. | 12,488,581 | 16,160,078 | ||||||
Check Point Software Technologies Ltd.(a) | 382,226 | 55,804,996 | ||||||
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Total | 94,201,091 | |||||||
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Japan 22.4% | ||||||||
Dai-ichi Life Holdings, Inc. | 1,981,200 | 41,533,120 | ||||||
Daiwabo Holdings Co., Ltd. | 2,031,500 | 39,961,247 | ||||||
ITOCHU Corp. | 1,244,000 | 48,363,529 | ||||||
Kinden Corp. | 1,113,100 | 16,719,010 | ||||||
Kusuri no Aoki Holdings Co., Ltd. | 368,800 | 8,531,826 | ||||||
Macnica Holdings, Inc. | 648,800 | 32,116,040 | ||||||
Marubeni Corp. | 2,038,500 | 31,857,491 | ||||||
MatsukiyoCocokara & Co. | 1,808,100 | 31,236,156 | ||||||
Mebuki Financial Group, Inc. | 10,513,200 | 31,719,518 | ||||||
ORIX Corp. | 2,581,000 | 47,152,387 | ||||||
Sankyo Co., Ltd. | 895,600 | 38,661,680 | ||||||
Shimamura Co., Ltd. | 446,000 | 49,850,023 | ||||||
Ship Healthcare Holdings, Inc. | 1,205,800 | 17,036,239 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 1,447,400 | 71,208,392 | ||||||
Sundrug Co., Ltd. | 300,900 | 9,091,621 | ||||||
Takeda Pharmaceutical Co., Ltd. | 1,550,400 | 43,950,638 | ||||||
Takuma Co., Ltd. | 791,945 | 8,744,695 | ||||||
TOPPAN Holdings, Inc. | 1,274,100 | 29,836,055 | ||||||
Toyota Motor Corp. | 1,422,000 | 26,997,878 | ||||||
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Total | 624,567,545 | |||||||
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2 Columbia Overseas Value Fund | Third Quarter Report 2023
PORTFOLIO OF INVESTMENTS (continued)
Columbia Overseas Value Fund, November 30, 2023 (Unaudited)
Common Stocks (continued) | ||||||||
Issuer | Shares | Value ($) | ||||||
Netherlands 10.8% | ||||||||
ASR Nederland NV | 1,350,759 | 62,274,781 | ||||||
ING Groep NV | 4,848,334 | 68,114,179 | ||||||
Koninklijke Ahold Delhaize NV | 1,888,715 | 54,696,259 | ||||||
Shell PLC | 3,637,894 | 117,594,402 | ||||||
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Total | 302,679,621 | |||||||
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Norway 0.7% | ||||||||
Leroy Seafood Group ASA | 4,666,775 | 18,227,248 | ||||||
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Russian Federation —% | ||||||||
Lukoil PJSC(b),(c),(d),(e) | 106,132 | — | ||||||
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Singapore 2.2% | ||||||||
BW LPG Ltd. | 1,634,255 | 23,804,046 | ||||||
Venture Corp., Ltd. | 3,899,800 | 36,531,121 | ||||||
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Total | 60,335,167 | |||||||
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South Africa 0.2% | ||||||||
Sibanye Stillwater Ltd., ADR | 1,289,969 | 5,753,262 | ||||||
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South Korea 0.7% | ||||||||
Hyundai Home Shopping Network Corp. | 81,938 | 2,724,023 | ||||||
Youngone Corp. | 460,402 | 15,554,978 | ||||||
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Total | 18,279,001 | |||||||
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Spain 2.8% | ||||||||
Banco Santander SA | 17,149,782 | 71,089,829 | ||||||
Endesa SA | 212,638 | 4,447,774 | ||||||
Tecnicas Reunidas SA(a) | 412,242 | 4,000,542 | ||||||
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Total | 79,538,145 | |||||||
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Sweden 0.1% | ||||||||
Stillfront Group AB(a) | 3,403,824 | 3,783,323 | ||||||
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Switzerland 3.0% | ||||||||
Novartis AG, Registered Shares | 668,139 | 65,215,899 | ||||||
UBS AG | 624,767 | 17,654,416 | ||||||
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Total | 82,870,315 | |||||||
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Taiwan 0.9% | ||||||||
Fubon Financial Holding Co., Ltd. | 12,784,921 | 26,348,322 | ||||||
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United Kingdom 12.8% | ||||||||
AstraZeneca PLC, ADR | 312,543 | 20,187,152 | ||||||
BP PLC | 4,537,822 | 27,588,472 | ||||||
British American Tobacco PLC | 2,046,788 | 65,128,818 |
Common Stocks (continued) | ||||||||
Issuer | Shares | Value ($) | ||||||
BT Group PLC | 21,575,818 | 33,537,297 | ||||||
Crest Nicholson Holdings PLC | 1,556,491 | 3,645,060 | ||||||
DCC PLC | 750,412 | 50,730,867 | ||||||
Imperial Brands PLC | 1,245,706 | 29,123,266 | ||||||
John Wood Group PLC(a) | 2,117,468 | 3,743,300 | ||||||
Just Group PLC | 24,984,654 | 25,391,211 | ||||||
Liberty Global Ltd.(a) | 1,611,288 | 27,134,090 | ||||||
TP Icap Group PLC | 14,083,625 | 32,977,094 | ||||||
Vodafone Group PLC | 42,560,903 | 38,269,430 | ||||||
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Total | 357,456,057 | |||||||
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United States 6.0% | ||||||||
Burford Capital Ltd. | 2,605,175 | 36,185,881 | ||||||
Diversified Energy Co. PLC | 32,054,614 | 26,629,336 | ||||||
Energy Fuels, Inc.(a) | 2,317,974 | 18,427,893 | ||||||
Insmed, Inc.(a) | 194,448 | 4,865,089 | ||||||
Jazz Pharmaceuticals PLC(a) | 315,156 | 37,260,894 | ||||||
Livent Corp.(a) | 893,623 | 12,296,252 | ||||||
Roche Holding AG, Genusschein Shares | 114,084 | 30,691,008 | ||||||
Sage Therapeutics, Inc.(a) | 59,196 | 1,159,058 | ||||||
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Total | 167,515,411 | |||||||
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Total Common Stocks | 2,712,488,911 | |||||||
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Exchange-Traded Equity Funds 1.2% |
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Shares | Value ($ ) | |||||||
United States 1.2% | ||||||||
iShares MSCI EAFE Value ETF | 653,836 | 33,025,256 | ||||||
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Total Exchange-Traded Equity Funds | 33,025,256 | |||||||
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Money Market Funds 0.2% | ||||||||
Columbia Short-Term Cash Fund, 5.605%(f),(g) | 5,281,845 | 5,280,789 | ||||||
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Total Money Market Funds | 5,280,789 | |||||||
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Total Investments in Securities | 2,750,794,956 | |||||||
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Other Assets & Liabilities, Net | 40,109,090 | |||||||
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Net Assets | $ | 2,790,904,046 | ||||||
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Columbia Overseas Value Fund | Third Quarter Report 2023 3
PORTFOLIO OF INVESTMENTS (continued)
Columbia Overseas Value Fund, November 30, 2023 (Unaudited)
At November 30, 2023, securities and/or cash totaling $1,820,000 were pledged as collateral.
Investments in derivatives
Forward foreign currency exchange contracts
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) | |||||||||||||||
4,384,000 | GBP | 5,433,835 | USD | Barclays | 12/14/2023 | — | (101,301 | ) | ||||||||||||
44,749,567 | USD | 312,974,000 | DKK | Barclays | 12/14/2023 | 975,588 | — | |||||||||||||
8,166,139 | USD | 7,522,000 | EUR | Barclays | 12/14/2023 | 25,520 | — | |||||||||||||
70,875,582 | USD | 58,031,000 | GBP | Barclays | 12/14/2023 | 2,393,005 | — | |||||||||||||
8,373,000 | AUD | 5,427,657 | USD | Citi | 12/14/2023 | — | (106,728 | ) | ||||||||||||
15,789,798 | USD | 14,804,000 | EUR | Citi | 12/14/2023 | 332,152 | — | |||||||||||||
44,899,291 | USD | 75,912,000 | NZD | Citi | 12/14/2023 | 1,849,849 | — | |||||||||||||
24,680,104,000 | KRW | 18,605,431 | USD | Goldman Sachs International | 12/14/2023 | — | (484,186 | ) | ||||||||||||
1,602,957,000 | TWD | 49,850,941 | USD | Goldman Sachs International | 12/14/2023 | — | (1,481,755 | ) | ||||||||||||
133,566,000 | ILS | 35,372,352 | USD | HSBC | 12/14/2023 | — | (443,120 | ) | ||||||||||||
6,259,628,000 | JPY | 41,941,880 | USD | HSBC | 12/14/2023 | — | (350,702 | ) | ||||||||||||
23,552,537 | USD | 21,208,000 | CHF | HSBC | 12/14/2023 | 695,224 | — | |||||||||||||
42,363,489 | USD | 57,461,000 | SGD | HSBC | 12/14/2023 | 612,808 | — | |||||||||||||
59,487,000 | NOK | 5,527,948 | USD | Morgan Stanley | 12/14/2023 | 28,308 | — | |||||||||||||
29,908,563 | USD | 324,315,000 | NOK | Morgan Stanley | 12/14/2023 | 74,728 | — | |||||||||||||
34,119,482 | USD | 378,889,000 | SEK | Morgan Stanley | 12/14/2023 | 1,971,852 | — | |||||||||||||
4,354,000 | GBP | 5,349,086 | USD | State Street | 12/14/2023 | — | (148,173 | ) | ||||||||||||
822,115,000 | JPY | 5,509,523 | USD | State Street | 12/14/2023 | — | (45,019 | ) | ||||||||||||
86,705,000 | CAD | 62,892,101 | USD | UBS | 12/14/2023 | — | (1,016,338 | ) | ||||||||||||
437,603,000 | NOK | 39,275,833 | USD | UBS | 12/14/2023 | — | (1,181,063 | ) | ||||||||||||
57,617,000 | SEK | 5,443,495 | USD | UBS | 12/14/2023 | — | (44,852 | ) | ||||||||||||
131,956,276 | USD | 204,304,000 | AUD | UBS | 12/14/2023 | 3,084,582 | — | |||||||||||||
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Total | 12,043,616 | (5,403,237 | ) | |||||||||||||||||
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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 November 30, 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 November 30, 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 ($) | ||||||||||||
Lukoil PJSC | 01/25/2022-01/26/2022 | 106,132 | 8,693,218 | — |
(d) | As a result of sanctions and restricted cross-border payments, certain income and/or principal has not been recognized by the Fund. The Fund will continue to monitor the net realizable value and record the income when it is considered collectible. |
(e) | Valuation based on significant unobservable inputs. |
(f) | The rate shown is the seven-day current annualized yield at November 30, 2023. |
4 Columbia Overseas Value Fund | Third Quarter Report 2023
PORTFOLIO OF INVESTMENTS (continued)
Columbia Overseas Value Fund, November 30, 2023 (Unaudited)
Notes to Portfolio of Investments (continued)
(g) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended November 30, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares | ||||||||||||||||||||||||
Columbia Short-Term Cash Fund, 5.605% | 4,590,534 | 452,569,257 | (451,878,841 | ) | (161 | ) | 5,280,789 | 3,893 | 599,837 | 5,281,845 |
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 | |
ILS | Israeli Shekel | |
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 | Third 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.
3QT208_02_P01_(01/24)