UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-09645
Columbia Funds Series Trust
(Exact name of registrant as specified in charter)
290 Congress Street
Boston, MA 02210
(Address of principal executive offices) (Zip code)
Daniel J. Beckman
c/o Columbia Management Investment Advisers, LLC
290 Congress Street
Boston, MA 02210
Ryan C. Larrenaga, Esq.
c/o Columbia Management Investment Advisers, LLC
Boston, MA 02210
(Name and address of agent for service)
Registrant's telephone number, including area code: (800) 345-6611
Date of fiscal year end: March 31
Date of reporting period: September 30, 2022
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
September 30, 2022 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended September 30, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 10/02/92 | -3.16 | -6.00 | 0.57 | 0.63 |
Including sales charges | -4.14 | -6.92 | 0.37 | 0.53 | ||
Advisor Class* | 11/08/12 | -3.14 | -5.88 | 0.79 | 0.88 | |
Class C | Excluding sales charges | 10/02/92 | -3.53 | -6.63 | -0.04 | 0.08 |
Including sales charges | -4.49 | -7.56 | -0.04 | 0.08 | ||
Institutional Class | 09/30/92 | -3.14 | -5.87 | 0.79 | 0.88 | |
Institutional 2 Class* | 11/08/12 | -3.11 | -5.81 | 0.88 | 0.96 | |
Institutional 3 Class | 07/15/09 | -2.98 | -5.66 | 0.95 | 1.02 | |
Class R | 09/27/10 | -3.38 | -6.34 | 0.29 | 0.37 | |
Bloomberg 1-3 Year Government/Credit Index | -2.10 | -5.07 | 0.70 | 0.81 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 3 |
(Unaudited)
Portfolio breakdown (%) (at September 30, 2022) | |
Asset-Backed Securities — Non-Agency | 24.1 |
Commercial Mortgage-Backed Securities - Non-Agency | 13.2 |
Corporate Bonds & Notes | 32.6 |
Foreign Government Obligations | 0.1 |
Money Market Funds | 0.7 |
Residential Mortgage-Backed Securities - Agency | 0.0(a) |
Residential Mortgage-Backed Securities - Non-Agency | 28.3 |
U.S. Treasury Obligations | 1.0 |
Total | 100.0 |
(a) | Rounds to zero. |
Quality breakdown (%) (at September 30, 2022) | |
AAA rating | 23.8 |
AA rating | 9.9 |
A rating | 21.8 |
BBB rating | 23.3 |
BB rating | 3.8 |
B rating | 3.5 |
CCC rating | 0.1 |
CC rating | 0.0(a) |
Not rated | 13.8 |
Total | 100.0 |
(a) | Rounds to zero. |
4 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
(Unaudited)
April 1, 2022 — September 30, 2022 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 968.40 | 1,021.41 | 3.60 | 3.70 | 0.73 |
Advisor Class | 1,000.00 | 1,000.00 | 968.60 | 1,022.66 | 2.37 | 2.43 | 0.48 |
Class C | 1,000.00 | 1,000.00 | 964.70 | 1,018.65 | 6.30 | 6.48 | 1.28 |
Institutional Class | 1,000.00 | 1,000.00 | 968.60 | 1,022.66 | 2.37 | 2.43 | 0.48 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 968.90 | 1,023.01 | 2.02 | 2.08 | 0.41 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 970.20 | 1,023.31 | 1.73 | 1.78 | 0.35 |
Class R | 1,000.00 | 1,000.00 | 966.20 | 1,020.16 | 4.83 | 4.96 | 0.98 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 5 |
September 30, 2022 (Unaudited)
Asset-Backed Securities — Non-Agency 24.0% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
ACM Auto Trust(a) | ||||
Subordinated Series 2022-1A Class B | ||||
04/20/2029 | 4.470% | 9,000,000 | 8,973,817 | |
Affirm Asset Securitization Trust(a) | ||||
Subordinated Series 2021-A Class B | ||||
08/15/2025 | 1.060% | 13,120,000 | 12,824,625 | |
Subordinated Series 2022-A Class C | ||||
05/17/2027 | 4.890% | 7,780,000 | 7,439,337 | |
American Credit Acceptance Receivables Trust(a) | ||||
Series 2020-2 Class D | ||||
05/13/2026 | 5.650% | 2,800,000 | 2,800,068 | |
Subordinated Series 2021-2 Class E | ||||
07/13/2027 | 2.540% | 1,550,000 | 1,445,356 | |
ARES XLVII CLO Ltd.(a),(b) | ||||
Series 2018-47A Class B | ||||
3-month USD LIBOR + 1.450% Floor 1.450% 04/15/2030 | 3.962% | 4,000,000 | 3,781,240 | |
Avant Loans Funding Trust(a) | ||||
Subordinated Series 2021-REV1 Class C | ||||
07/15/2030 | 2.300% | 950,000 | 876,824 | |
Barings CLO Ltd.(a),(b) | ||||
Series 2018-4A Class B | ||||
3-month USD LIBOR + 1.700% Floor 1.700% 10/15/2030 | 4.212% | 10,800,000 | 10,280,401 | |
Carlyle Global Market Strategies CLO Ltd.(a),(b) | ||||
Series 2013-4A Class BRR | ||||
3-month USD LIBOR + 1.420% Floor 1.420% 01/15/2031 | 3.932% | 5,000,000 | 4,675,370 | |
Carlyle US CLO Ltd.(a),(b) | ||||
Series 2016-4A Class A2R | ||||
3-month USD LIBOR + 1.450% Floor 1.450% 10/20/2027 | 4.160% | 3,000,000 | 2,864,766 | |
Series 2017-5A Class A1B | ||||
3-month USD LIBOR + 1.250% 01/20/2030 | 3.960% | 8,000,000 | 7,640,088 | |
Cascade Funding Mortgage Trust(a) | ||||
CMO Series 2021-GRN1 Class A | ||||
03/20/2041 | 1.100% | 1,670,196 | 1,544,564 | |
Credito Real USA Auto Receivables Trust(a) | ||||
Series 2021-1A Class A | ||||
02/16/2027 | 1.350% | 860,449 | 838,582 | |
Dext ABS LLC(a) | ||||
Subordinated Series 2020-1 Class B | ||||
11/15/2027 | 1.920% | 3,500,000 | 3,361,611 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Drive Auto Receivables Trust | ||||
Subordinated Series 2020-2 Class D | ||||
05/15/2028 | 3.050% | 650,000 | 636,910 | |
Dryden Senior Loan Fund(a),(b) | ||||
Series 2016-42A Class BR | ||||
3-month USD LIBOR + 1.550% 07/15/2030 | 4.062% | 3,025,000 | 2,866,554 | |
DT Auto Owner Trust(a) | ||||
Subordinated Series 2020-1A Class D | ||||
11/17/2025 | 2.550% | 6,050,000 | 5,905,262 | |
First Investors Auto Owner Trust(a) | ||||
Series 2021-1A Class A | ||||
03/16/2026 | 0.450% | 151,121 | 148,992 | |
Foundation Finance Trust(a) | ||||
Series 2019-1A Class A | ||||
11/15/2034 | 3.860% | 778,531 | 763,222 | |
FREED ABS Trust(a) | ||||
Subordinated Series 2021-1CP Class B | ||||
03/20/2028 | 1.410% | 932,953 | 922,924 | |
Subordinated Series 2021-2 Class C | ||||
06/19/2028 | 1.940% | 12,250,000 | 11,812,551 | |
GLS Auto Receivables Issuer Trust(a) | ||||
Subordinated Series 2020-4A Class D | ||||
10/15/2026 | 1.640% | 1,600,000 | 1,532,026 | |
GoldentTree Loan Management US CLO 1 Ltd.(a),(b) | ||||
Series 2021-10A Class A | ||||
3-month USD LIBOR + 1.100% Floor 1.100% 07/20/2034 | 3.810% | 4,150,000 | 3,969,699 | |
Hertz Vehicle Financing LLC(a) | ||||
Series 2021-1A Class C | ||||
12/26/2025 | 2.050% | 3,000,000 | 2,717,994 | |
Jay Park CLO Ltd.(a),(b) | ||||
Series 2016-1A Class A2R | ||||
3-month USD LIBOR + 1.450% 10/20/2027 | 4.160% | 5,500,000 | 5,312,296 | |
Lendbuzz Securitization Trust(a) | ||||
Series 2022-1A Class A | ||||
05/17/2027 | 4.220% | 5,034,954 | 4,944,452 | |
LL ABS Trust(a) | ||||
Series 2021-1A Class A | ||||
05/15/2029 | 1.070% | 1,175,149 | 1,133,057 | |
Madison Park Funding XLVIII Ltd.(a),(b) | ||||
Series 2021-48A Class A | ||||
3-month USD LIBOR + 1.150% Floor 1.150% 04/19/2033 | 3.888% | 1,250,000 | 1,215,856 |
6 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Madison Park Funding XXXIII Ltd.(a),(b) | ||||
Series 2019-33A Class BR | ||||
3-month Term SOFR + 1.800% Floor 1.800% 10/15/2032 | 4.128% | 5,550,000 | 5,299,184 | |
MMAF Equipment Finance LLC(a) | ||||
Series 2020-A Class A3 | ||||
04/09/2027 | 0.970% | 2,010,000 | 1,846,593 | |
MVW LLC(a) | ||||
Series 2019-2A Class A | ||||
10/20/2038 | 2.220% | 1,731,311 | 1,632,443 | |
MVW Owner Trust(a) | ||||
Series 2017-1A Class A | ||||
12/20/2034 | 2.420% | 1,192,801 | 1,166,040 | |
NMEF Funding LLC(a) | ||||
Series 2021-A Class A2 | ||||
12/15/2027 | 0.810% | 920,473 | 903,499 | |
NRZ Advance Receivables Trust(a) | ||||
Series 2020-T3 Class AT3 | ||||
10/15/2052 | 1.317% | 2,180,000 | 2,176,435 | |
Octagon Investment Partners 35 Ltd.(a),(b) | ||||
Series 2018-1A Class A1A | ||||
3-month USD LIBOR + 1.060% Floor 1.060% 01/20/2031 | 3.770% | 7,550,000 | 7,410,635 | |
Octagon Investment Partners 39 Ltd.(a),(b) | ||||
Series 2018-3A Class B | ||||
3-month USD LIBOR + 1.650% Floor 1.650% 10/20/2030 | 4.560% | 11,200,000 | 10,638,107 | |
OHA Credit Partners VII Ltd.(a),(b) | ||||
Series 2012-7A Class AR3 | ||||
3-month USD LIBOR + 1.070% Floor 1.070% 02/20/2034 | 4.054% | 5,000,000 | 4,789,695 | |
OneMain Financial Issuance Trust(a) | ||||
Series 2022-2A Class A | ||||
10/14/2034 | 4.890% | 11,000,000 | 10,826,546 | |
Pagaya AI Debt Selection Trust(a) | ||||
Series 2021-1 Class A | ||||
11/15/2027 | 1.180% | 1,426,898 | 1,401,826 | |
Series 2021-2 Class NOTE | ||||
01/25/2029 | 3.000% | 4,572,248 | 4,270,283 | |
Series 2021-3 Class A | ||||
05/15/2029 | 1.150% | 4,609,037 | 4,490,301 | |
Series 2021-5 Class A | ||||
08/15/2029 | 1.530% | 3,238,605 | 3,126,693 | |
Series 2021-HG1 Class A | ||||
01/16/2029 | 1.220% | 6,307,452 | 6,002,561 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Subordinated Series 2021-HG1 Class B | ||||
01/16/2029 | 1.820% | 997,752 | 954,987 | |
Palmer Square Loan Funding Ltd.(a),(b) | ||||
Series 2020-1A Class A1 | ||||
3-month USD LIBOR + 0.800% Floor 0.800% 02/20/2028 | 3.784% | 4,111,293 | 4,062,274 | |
Pawnee Equipment Receivables LLC(a) | ||||
Series 2019-1 Class A2 | ||||
10/15/2024 | 2.290% | 55,581 | 55,529 | |
Race Point CLO Ltd.(a),(b) | ||||
Series 2013-8A Class AR2 | ||||
3-month USD LIBOR + 1.040% Floor 1.040% 02/20/2030 | 4.024% | 2,848,229 | 2,800,972 | |
Race Point IX CLO Ltd.(a),(b) | ||||
Series 2015-9A Class A2R | ||||
3-month USD LIBOR + 0.450% Floor 1.450% 10/15/2030 | 3.962% | 4,975,000 | 4,667,147 | |
Research-Driven Pagaya Motor Asset Trust IV(a) | ||||
Series 2021-2A Class A | ||||
03/25/2030 | 2.650% | 2,589,015 | 2,266,710 | |
RR 3 Ltd.(a),(b) | ||||
Series 2014-14A Class A2R2 | ||||
3-month USD LIBOR + 1.400% Floor 1.400% 01/15/2030 | 3.912% | 10,000,000 | 9,510,110 | |
Santander Drive Auto Receivables Trust | ||||
Subordinated Series 2019-2 Class D | ||||
07/15/2025 | 3.220% | 760,857 | 757,049 | |
SCF Equipment Leasing LLC(a) | ||||
Series 2019-2A Class B | ||||
08/20/2026 | 2.760% | 4,000,000 | 3,852,489 | |
Subordinated Series 2020-1A Class B | ||||
03/20/2028 | 2.020% | 4,900,000 | 4,532,262 | |
Sierra Timeshare Receivables Funding LLC(a) | ||||
Series 2018-2A Class A | ||||
06/20/2035 | 3.500% | 765,322 | 756,428 | |
Series 2018-3A Class A | ||||
09/20/2035 | 3.690% | 296,791 | 294,267 | |
Series 2021-1A Class A | ||||
11/20/2037 | 0.990% | 1,087,766 | 1,007,957 | |
Upstart Pass-Through Trust(a),(c) | ||||
Series 2020-ST4 Class A | ||||
11/20/2026 | 3.250% | 2,162,891 | 2,100,032 | |
Upstart Pass-Through Trust(a) | ||||
Series 2020-ST6 Class A | ||||
01/20/2027 | 3.000% | 1,972,587 | 1,881,604 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 7 |
September 30, 2022 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2021-ST10 Class A | ||||
01/20/2030 | 2.250% | 6,764,026 | 6,417,400 | |
Series 2021-ST3 Class A | ||||
05/20/2027 | 2.000% | 1,823,547 | 1,722,317 | |
Upstart Securitization Trust(a) | ||||
Series 2020-2 Class A | ||||
11/20/2030 | 2.309% | 1,033,046 | 1,007,941 | |
Series 2021-2 Class A | ||||
06/20/2031 | 0.910% | 2,306,522 | 2,255,127 | |
Subordinated Series 2021-2 Class B | ||||
06/20/2031 | 1.750% | 1,150,000 | 1,095,005 | |
Subordinated Series 2021-3 Class B | ||||
07/20/2031 | 1.660% | 1,250,000 | 1,159,320 | |
Volkswagen Auto Loan Enhanced Trust | ||||
Series 2020-1 Class A4 | ||||
08/20/2026 | 1.260% | 700,000 | 675,187 | |
Westlake Automobile Receivables Trust(a) | ||||
Series 2020-2A Class D | ||||
01/15/2026 | 2.760% | 1,570,000 | 1,534,270 | |
Subordinated Series 2021-2A Class D | ||||
12/15/2026 | 1.230% | 9,625,000 | 8,883,671 | |
Total Asset-Backed Securities — Non-Agency (Cost $253,725,351) | 243,459,340 | |||
Commercial Mortgage-Backed Securities - Non-Agency 13.1% | ||||
Ashford Hospitality Trust(a),(b) | ||||
Series 2018-KEYS Class B | ||||
1-month USD LIBOR + 1.450% Floor 1.450% 05/15/2035 | 4.268% | 9,100,000 | 8,836,411 | |
BAMLL Commercial Mortgage Securities Trust(a),(b) | ||||
Series 2018-DSNY Class C | ||||
1-month USD LIBOR + 1.350% Floor 1.350% 09/15/2034 | 4.168% | 11,500,000 | 10,998,060 | |
BBCMS Trust(a),(b) | ||||
Subordinated Series 2018-BXH Class B | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 10/15/2037 | 4.068% | 3,650,000 | 3,496,148 | |
Subordinated Series 2018-BXH Class C | ||||
1-month USD LIBOR + 1.500% Floor 1.500% 10/15/2037 | 4.318% | 1,975,000 | 1,871,794 | |
BHMS Mortgage Trust(a),(b) | ||||
Series 2018-ATLS Class A | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 07/15/2035 | 4.068% | 13,500,000 | 13,082,072 |
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
BX Commercial Mortgage Trust(a),(b) | ||||
Series 2019-XL Class C | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 10/15/2036 | 4.068% | 6,188,000 | 6,030,445 | |
BX Mortgage Trust(a),(b) | ||||
Series 2021-PAC Class D | ||||
1-month USD LIBOR + 1.298% Floor 1.298% 10/15/2036 | 4.116% | 6,350,000 | 5,828,492 | |
BX Trust(a),(b) | ||||
Series 2019-ATL Class C | ||||
1-month USD LIBOR + 1.587% Floor 1.587%, Cap 1.587% 10/15/2036 | 4.405% | 2,180,000 | 2,088,034 | |
Subordinated Series 2019-ATL Class D | ||||
1-month USD LIBOR + 1.887% Floor 1.887% 10/15/2036 | 4.705% | 1,931,000 | 1,815,984 | |
CIM Retail Portfolio Trust(a),(b) | ||||
Series 2021-RETL Class D | ||||
1-month USD LIBOR + 3.050% Floor 3.050% 08/15/2036 | 5.868% | 4,406,250 | 4,355,174 | |
CLNY Trust(a),(b) | ||||
Subordinated Series 2019-IKPR Class D | ||||
1-month USD LIBOR + 2.025% Floor 2.025% 11/15/2038 | 4.843% | 5,900,000 | 5,502,373 | |
Extended Stay America Trust(a),(b) | ||||
Series 2021-ESH Class E | ||||
1-month USD LIBOR + 2.850% Floor 2.850% 07/15/2038 | 5.241% | 869,648 | 827,292 | |
GS Mortgage Securities Corp. Trust(a),(b) | ||||
Series 2022-SHIP Class A | ||||
1-month Term SOFR + 0.731% Floor 0.731% 08/15/2036 | 3.038% | 5,150,000 | 5,079,666 | |
Invitation Homes Trust(a),(b) | ||||
Series 2018-SFR1 Class A | ||||
1-month USD LIBOR + 0.700% Floor 0.700% 03/17/2037 | 3.518% | 8,331,712 | 8,220,809 | |
KKR Industrial Portfolio Trust(a),(b) | ||||
Subordinated Series 2021-KDIP Class D | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 12/15/2037 | 4.068% | 975,000 | 921,226 | |
Morgan Stanley Capital I Trust(a),(d) | ||||
Series 2019-MEAD Class D | ||||
11/10/2036 | 3.283% | 3,675,000 | 3,295,700 |
8 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
One New York Plaza Trust(a),(b) | ||||
Subordinated Series 2020-1NYP Class C | ||||
1-month USD LIBOR + 2.200% Floor 2.200% 01/15/2036 | 5.018% | 3,000,000 | 2,843,086 | |
Subordinated Series 2020-1NYP Class D | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 01/15/2036 | 5.568% | 1,125,000 | 1,052,626 | |
Progress Residential Trust(a) | ||||
Series 2020-SFR1 Class C | ||||
04/17/2037 | 2.183% | 1,000,000 | 925,678 | |
Series 2020-SFR1 Class D | ||||
04/17/2037 | 2.383% | 2,025,000 | 1,859,118 | |
Series 2020-SFR2 Class A | ||||
06/17/2037 | 2.078% | 1,200,000 | 1,103,103 | |
Subordinated Series 2020-SFR2 Class C | ||||
06/17/2037 | 3.077% | 300,000 | 278,180 | |
Subordinated Series 2020-SFR2 Class D | ||||
06/17/2037 | 3.874% | 350,000 | 326,824 | |
RBS Commercial Funding, Inc., Trust(a),(d) | ||||
Series 2013-GSP Class A | ||||
01/15/2032 | 3.961% | 8,200,000 | 7,917,941 | |
SPGN TFLM Mortgage Trust(a),(b) | ||||
Series 2022 Class A | ||||
1-month Term SOFR + 1.550% Floor 1.550% 02/15/2039 | 4.395% | 14,125,000 | 13,677,164 | |
Wells Fargo Commercial Mortgage Trust(a),(b) | ||||
Series 2017-SMP Class A | ||||
1-month USD LIBOR + 0.875% Floor 0.875% 12/15/2034 | 3.693% | 16,055,000 | 15,901,408 | |
Series 2020-SDAL Class D | ||||
1-month USD LIBOR + 2.090% Floor 2.090%, Cap 4.500% 02/15/2037 | 4.500% | 1,600,000 | 1,513,561 | |
Series 2021-FCMT Class A | ||||
1-month USD LIBOR + 1.200% Floor 1.200% 05/15/2031 | 4.018% | 1,900,000 | 1,825,868 | |
Series 2021-FCMT Class D | ||||
1-month USD LIBOR + 3.500% Floor 3.500% 05/15/2031 | 6.318% | 1,575,000 | 1,505,045 | |
Total Commercial Mortgage-Backed Securities - Non-Agency (Cost $137,888,712) | 132,979,282 | |||
Corporate Bonds & Notes 32.6% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Aerospace & Defense 1.6% | ||||
BAE Systems Holdings, Inc.(a) | ||||
12/15/2025 | 3.850% | 4,000,000 | 3,810,493 | |
Boeing Co. (The) | ||||
02/01/2027 | 2.700% | 4,500,000 | 3,912,385 | |
General Dynamics Corp. | ||||
06/01/2026 | 1.150% | 2,500,000 | 2,188,272 | |
L3Harris Technologies, Inc. | ||||
12/15/2026 | 3.850% | 2,000,000 | 1,886,142 | |
Northrop Grumman Corp. | ||||
02/01/2027 | 3.200% | 2,000,000 | 1,848,587 | |
TransDigm, Inc.(a) | ||||
12/15/2025 | 8.000% | 816,000 | 827,837 | |
03/15/2026 | 6.250% | 990,000 | 960,134 | |
TransDigm, Inc. | ||||
06/15/2026 | 6.375% | 216,000 | 204,170 | |
Total | 15,638,020 | |||
Airlines 0.2% | ||||
Air Canada(a) | ||||
08/15/2026 | 3.875% | 313,000 | 268,559 | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(a) | ||||
04/20/2026 | 5.500% | 770,000 | 723,618 | |
Hawaiian Brand Intellectual Property Ltd./Miles Loyalty Ltd.(a) | ||||
01/20/2026 | 5.750% | 444,673 | 392,952 | |
United Airlines, Inc.(a) | ||||
04/15/2026 | 4.375% | 618,000 | 551,401 | |
Total | 1,936,530 | |||
Automotive 0.5% | ||||
American Axle & Manufacturing, Inc. | ||||
03/15/2026 | 6.250% | 95,000 | 87,914 | |
Clarios Global LP(a) | ||||
05/15/2025 | 6.750% | 741,000 | 725,901 | |
Ford Motor Credit Co. LLC | ||||
11/17/2023 | 3.370% | 200,000 | 193,475 | |
03/18/2024 | 5.584% | 978,000 | 958,188 | |
11/13/2025 | 3.375% | 309,000 | 273,349 | |
05/28/2027 | 4.950% | 140,000 | 125,230 | |
IAA Spinco, Inc.(a) | ||||
06/15/2027 | 5.500% | 740,000 | 675,250 | |
IHO Verwaltungs GmbH(a),(e) | ||||
09/15/2026 | 4.750% | 522,603 | 443,607 | |
KAR Auction Services, Inc.(a) | ||||
06/01/2025 | 5.125% | 1,267,000 | 1,222,923 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 9 |
September 30, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
ZF North America Capital, Inc.(a) | ||||
04/29/2025 | 4.750% | 191,000 | 173,959 | |
Total | 4,879,796 | |||
Banking 8.0% | ||||
American Express Co. | ||||
03/04/2027 | 2.550% | 2,500,000 | 2,232,295 | |
Bank of America Corp.(f) | ||||
03/11/2027 | 1.658% | 12,000,000 | 10,410,407 | |
Bank of Montreal | ||||
06/07/2025 | 3.700% | 2,500,000 | 2,405,188 | |
Bank of New York Mellon Corp. (The)(f) | ||||
06/13/2028 | 3.992% | 2,500,000 | 2,355,012 | |
Bank of Nova Scotia (The) | ||||
04/11/2025 | 3.450% | 2,500,000 | 2,394,584 | |
Canadian Imperial Bank of Commerce(b) | ||||
3-month USD LIBOR + 0.660% 09/13/2023 | 3.905% | 3,000,000 | 2,998,576 | |
Citigroup, Inc. | ||||
Subordinated | ||||
03/09/2026 | 4.600% | 7,000,000 | 6,768,455 | |
Discover Bank | ||||
09/12/2024 | 2.450% | 2,000,000 | 1,891,929 | |
Goldman Sachs Group, Inc. (The)(f) | ||||
08/23/2028 | 4.482% | 7,500,000 | 7,044,741 | |
HSBC Holdings PLC(f) | ||||
03/10/2026 | 2.999% | 5,300,000 | 4,900,218 | |
JPMorgan Chase & Co.(f) | ||||
07/25/2028 | 4.851% | 10,300,000 | 9,882,628 | |
Morgan Stanley(f) | ||||
07/17/2026 | 4.679% | 7,200,000 | 7,009,542 | |
PNC Bank NA | ||||
02/23/2025 | 2.950% | 2,500,000 | 2,389,525 | |
Royal Bank of Canada | ||||
04/27/2026 | 1.200% | 3,145,000 | 2,738,898 | |
Toronto-Dominion Bank (The) | ||||
06/06/2025 | 3.766% | 3,000,000 | 2,898,677 | |
Truist Financial Corp.(f) | ||||
06/06/2028 | 4.123% | 2,500,000 | 2,347,740 | |
US Bancorp(f) | ||||
07/22/2028 | 4.548% | 1,585,000 | 1,531,805 | |
Wells Fargo & Co. | ||||
Subordinated | ||||
06/03/2026 | 4.100% | 7,000,000 | 6,666,757 | |
Westpac Banking Corp. | ||||
08/26/2025 | 3.735% | 2,525,000 | 2,447,282 | |
Total | 81,314,259 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Building Materials 0.1% | ||||
Beacon Roofing Supply, Inc.(a) | ||||
11/15/2026 | 4.500% | 842,000 | 771,555 | |
JELD-WEN, Inc.(a) | ||||
05/15/2025 | 6.250% | 294,000 | 276,829 | |
Standard Industries, Inc.(a) | ||||
02/15/2027 | 5.000% | 310,000 | 274,253 | |
Total | 1,322,637 | |||
Cable and Satellite 1.0% | ||||
CCO Holdings LLC/Capital Corp.(a) | ||||
05/01/2026 | 5.500% | 77,000 | 72,968 | |
05/01/2027 | 5.125% | 794,000 | 716,601 | |
Charter Communications Operating LLC/Capital | ||||
02/01/2024 | 4.500% | 2,500,000 | 2,471,666 | |
Comcast Corp. | ||||
10/15/2025 | 3.950% | 2,000,000 | 1,945,388 | |
CSC Holdings LLC | ||||
06/01/2024 | 5.250% | 1,016,000 | 943,285 | |
CSC Holdings LLC(a) | ||||
04/15/2027 | 5.500% | 1,026,000 | 902,984 | |
DISH DBS Corp. | ||||
03/15/2023 | 5.000% | 151,000 | 147,749 | |
DISH DBS Corp.(a) | ||||
12/01/2026 | 5.250% | 716,000 | 590,964 | |
Radiate Holdco LLC/Finance, Inc.(a) | ||||
09/15/2026 | 4.500% | 883,000 | 723,971 | |
Sirius XM Radio, Inc.(a) | ||||
09/01/2026 | 3.125% | 436,000 | 382,950 | |
Videotron Ltd.(a) | ||||
04/15/2027 | 5.125% | 512,000 | 470,183 | |
Ziggo Bond Finance BV(a) | ||||
01/15/2027 | 6.000% | 655,000 | 550,265 | |
Total | 9,918,974 | |||
Chemicals 0.5% | ||||
Axalta Coating Systems LLC/Dutch Holding B BV(a) | ||||
06/15/2027 | 4.750% | 255,000 | 228,029 | |
Dow Chemical Co. (The) | ||||
11/30/2028 | 4.800% | 2,000,000 | 1,906,187 | |
INEOS Quattro Finance 2 Plc(a) | ||||
01/15/2026 | 3.375% | 633,000 | 527,319 | |
LYB International Finance III LLC | ||||
10/01/2025 | 1.250% | 2,000,000 | 1,761,338 |
10 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
WR Grace Holdings LLC(a) | ||||
10/01/2024 | 5.625% | 837,000 | 814,835 | |
06/15/2027 | 4.875% | 195,000 | 167,996 | |
Total | 5,405,704 | |||
Construction Machinery 0.3% | ||||
Caterpillar Financial Services Corp. | ||||
08/12/2025 | 3.650% | 1,000,000 | 972,852 | |
Herc Holdings, Inc.(a) | ||||
07/15/2027 | 5.500% | 490,000 | 441,040 | |
John Deere Capital Corp. | ||||
09/08/2025 | 4.050% | 1,000,000 | 982,697 | |
Ritchie Bros. Auctioneers, Inc.(a) | ||||
01/15/2025 | 5.375% | 802,000 | 787,615 | |
Total | 3,184,204 | |||
Consumer Cyclical Services 0.1% | ||||
Prime Security Services Borrower LLC/Finance, Inc.(a) | ||||
04/15/2024 | 5.250% | 377,000 | 367,313 | |
Uber Technologies, Inc.(a) | ||||
05/15/2025 | 7.500% | 1,033,000 | 1,030,779 | |
Total | 1,398,092 | |||
Consumer Products 0.1% | ||||
CD&R Smokey Buyer, Inc.(a) | ||||
07/15/2025 | 6.750% | 991,000 | 908,785 | |
Newell Brands, Inc. | ||||
09/15/2027 | 6.375% | 78,000 | 77,353 | |
Spectrum Brands, Inc. | ||||
07/15/2025 | 5.750% | 222,000 | 210,752 | |
Total | 1,196,890 | |||
Diversified Manufacturing 0.7% | ||||
Carrier Global Corp. | ||||
02/15/2027 | 2.493% | 2,500,000 | 2,218,581 | |
Gates Global LLC/Co.(a) | ||||
01/15/2026 | 6.250% | 962,000 | 893,987 | |
Siemens Financieringsmaatschappij NV(a) | ||||
03/11/2026 | 1.200% | 2,500,000 | 2,182,338 | |
Stevens Holding Co., Inc.(a) | ||||
10/01/2026 | 6.125% | 649,000 | 633,873 | |
Vertical US Newco, Inc.(a) | ||||
07/15/2027 | 5.250% | 250,000 | 212,963 | |
WESCO Distribution, Inc.(a) | ||||
06/15/2025 | 7.125% | 996,000 | 996,026 | |
Total | 7,137,768 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Electric 3.0% | ||||
American Electric Power Co., Inc. | ||||
11/01/2025 | 1.000% | 2,500,000 | 2,195,176 | |
Calpine Corp.(a) | ||||
06/01/2026 | 5.250% | 144,000 | 135,737 | |
CenterPoint Energy, Inc. | ||||
06/01/2026 | 1.450% | 2,500,000 | 2,191,965 | |
Dominion Energy, Inc. | ||||
10/01/2025 | 3.900% | 2,000,000 | 1,921,734 | |
DTE Energy Co. | ||||
06/01/2025 | 1.050% | 2,500,000 | 2,234,730 | |
Duke Energy Corp. | ||||
03/15/2028 | 4.300% | 2,110,000 | 1,987,207 | |
Emera US Finance LP | ||||
06/15/2026 | 3.550% | 2,000,000 | 1,860,718 | |
Eversource Energy | ||||
03/01/2027 | 2.900% | 3,000,000 | 2,708,959 | |
FirstEnergy Corp. | ||||
01/15/2026 | 1.600% | 3,000,000 | 2,632,350 | |
NextEra Energy Capital Holdings, Inc. | ||||
07/15/2027 | 4.625% | 2,450,000 | 2,369,521 | |
NextEra Energy Operating Partners LP(a) | ||||
07/15/2024 | 4.250% | 618,000 | 592,457 | |
10/15/2026 | 3.875% | 166,000 | 152,079 | |
PPL Capital Funding, Inc. | ||||
05/15/2026 | 3.100% | 3,000,000 | 2,755,921 | |
Southern Co. (The) | ||||
03/15/2028 | 1.750% | 4,000,000 | 3,274,169 | |
Vistra Operations Co. LLC(a) | ||||
09/01/2026 | 5.500% | 274,000 | 255,915 | |
02/15/2027 | 5.625% | 511,000 | 478,561 | |
WEC Energy Group, Inc. | ||||
10/01/2027 | 5.150% | 2,790,000 | 2,764,581 | |
Total | 30,511,780 | |||
Environmental 0.2% | ||||
GFL Environmental, Inc.(a) | ||||
06/01/2025 | 4.250% | 833,000 | 782,703 | |
12/15/2026 | 5.125% | 166,000 | 154,921 | |
Waste Pro USA, Inc.(a) | ||||
02/15/2026 | 5.500% | 583,000 | 516,126 | |
Total | 1,453,750 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 11 |
September 30, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Finance Companies 0.2% | ||||
Navient Corp. | ||||
01/25/2023 | 5.500% | 318,000 | 318,042 | |
10/25/2024 | 5.875% | 149,000 | 142,662 | |
06/25/2025 | 6.750% | 159,000 | 149,141 | |
Provident Funding Associates LP/Finance Corp.(a) | ||||
06/15/2025 | 6.375% | 253,000 | 227,490 | |
Rocket Mortgage LLC/Co-Issuer, Inc.(a) | ||||
10/15/2026 | 2.875% | 1,077,000 | 888,578 | |
Springleaf Finance Corp. | ||||
03/15/2024 | 6.125% | 522,000 | 503,332 | |
Total | 2,229,245 | |||
Food and Beverage 1.6% | ||||
Anheuser-Busch InBev Worldwide, Inc. | ||||
04/13/2028 | 4.000% | 3,000,000 | 2,849,493 | |
Bacardi Ltd.(a) | ||||
05/15/2025 | 4.450% | 3,900,000 | 3,743,821 | |
Diageo Capital PLC | ||||
09/29/2025 | 1.375% | 2,500,000 | 2,267,602 | |
FAGE International SA/USA Dairy Industry, Inc.(a) | ||||
08/15/2026 | 5.625% | 264,000 | 232,348 | |
Kraft Heinz Foods Co. | ||||
05/15/2027 | 3.875% | 3,000,000 | 2,804,043 | |
Mondelez International, Inc. | ||||
03/17/2027 | 2.625% | 2,000,000 | 1,796,586 | |
Pilgrim’s Pride Corp.(a) | ||||
09/30/2027 | 5.875% | 240,000 | 233,339 | |
Post Holdings, Inc.(a) | ||||
03/01/2027 | 5.750% | 357,000 | 340,910 | |
Tyson Foods, Inc. | ||||
08/15/2024 | 3.950% | 1,500,000 | 1,470,343 | |
US Foods, Inc.(a) | ||||
04/15/2025 | 6.250% | 882,000 | 868,997 | |
Total | 16,607,482 | |||
Gaming 0.5% | ||||
Colt Merger Sub, Inc.(a) | ||||
07/01/2025 | 5.750% | 1,120,000 | 1,080,981 | |
07/01/2025 | 6.250% | 1,177,000 | 1,134,334 | |
GLP Capital LP/Financing II, Inc. | ||||
11/01/2023 | 5.375% | 231,000 | 227,170 | |
International Game Technology PLC(a) | ||||
02/15/2025 | 6.500% | 468,000 | 466,825 | |
04/15/2026 | 4.125% | 257,000 | 234,717 | |
MGM Resorts International | ||||
03/15/2023 | 6.000% | 364,000 | 363,741 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
VICI Properties LP/Note Co., Inc.(a) | ||||
05/01/2024 | 5.625% | 511,000 | 501,727 | |
02/15/2025 | 3.500% | 377,000 | 348,473 | |
06/15/2025 | 4.625% | 321,000 | 302,183 | |
12/01/2026 | 4.250% | 273,000 | 245,202 | |
Wynn Las Vegas LLC/Capital Corp.(a) | ||||
05/30/2023 | 4.250% | 187,000 | 183,830 | |
03/01/2025 | 5.500% | 219,000 | 204,951 | |
Total | 5,294,134 | |||
Health Care 1.4% | ||||
Becton Dickinson and Co. | ||||
06/06/2024 | 3.363% | 2,000,000 | 1,945,915 | |
Change Healthcare Holdings LLC/Finance, Inc.(a) | ||||
03/01/2025 | 5.750% | 737,000 | 733,728 | |
CHS/Community Health Systems, Inc.(a) | ||||
03/15/2026 | 8.000% | 235,000 | 204,583 | |
03/15/2027 | 5.625% | 240,000 | 184,853 | |
Cigna Corp. | ||||
03/01/2027 | 3.400% | 2,285,000 | 2,103,842 | |
CVS Health Corp. | ||||
06/01/2026 | 2.875% | 2,500,000 | 2,320,132 | |
HCA, Inc. | ||||
02/15/2026 | 5.875% | 2,250,000 | 2,220,508 | |
IQVIA, Inc.(a) | ||||
10/15/2026 | 5.000% | 435,000 | 414,508 | |
05/15/2027 | 5.000% | 180,000 | 169,339 | |
Select Medical Corp.(a) | ||||
08/15/2026 | 6.250% | 1,498,000 | 1,410,184 | |
Tenet Healthcare Corp. | ||||
07/15/2024 | 4.625% | 382,000 | 369,611 | |
Tenet Healthcare Corp.(a) | ||||
09/01/2024 | 4.625% | 767,000 | 742,774 | |
01/01/2026 | 4.875% | 417,000 | 387,235 | |
02/01/2027 | 6.250% | 589,000 | 549,720 | |
Total | 13,756,932 | |||
Healthcare Insurance 0.5% | ||||
Anthem, Inc. | ||||
01/15/2025 | 2.375% | 2,500,000 | 2,358,333 | |
UnitedHealth Group, Inc. | ||||
10/15/2027 | 2.950% | 2,565,000 | 2,341,787 | |
Total | 4,700,120 | |||
Home Construction 0.1% | ||||
Lennar Corp. | ||||
11/15/2024 | 5.875% | 197,000 | 198,030 |
12 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Taylor Morrison Communities, Inc./Holdings II(a) | ||||
04/15/2023 | 5.875% | 377,000 | 378,700 | |
03/01/2024 | 5.625% | 183,000 | 179,379 | |
TRI Pointe Group, Inc./Homes | ||||
06/15/2024 | 5.875% | 154,000 | 150,847 | |
Total | 906,956 | |||
Independent Energy 0.5% | ||||
Canadian Natural Resources Ltd. | ||||
02/01/2025 | 3.900% | 2,000,000 | 1,930,286 | |
CrownRock LP/Finance, Inc.(a) | ||||
10/15/2025 | 5.625% | 568,000 | 543,804 | |
Devon Energy Corp. | ||||
09/15/2024 | 5.250% | 491,000 | 490,828 | |
Woodside Finance Ltd.(a) | ||||
03/05/2025 | 3.650% | 2,200,000 | 2,097,635 | |
Total | 5,062,553 | |||
Integrated Energy 0.1% | ||||
BP Capital Markets America, Inc. | ||||
02/11/2026 | 3.410% | 1,225,000 | 1,165,765 | |
Leisure 0.5% | ||||
Carnival Corp.(a) | ||||
03/01/2026 | 7.625% | 224,000 | 170,240 | |
03/01/2027 | 5.750% | 462,000 | 323,937 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC(a) | ||||
05/01/2025 | 5.500% | 428,000 | 412,180 | |
Cinemark USA, Inc.(a) | ||||
05/01/2025 | 8.750% | 367,000 | 373,089 | |
03/15/2026 | 5.875% | 312,000 | 261,798 | |
Live Nation Entertainment, Inc.(a) | ||||
11/01/2024 | 4.875% | 855,000 | 826,294 | |
03/15/2026 | 5.625% | 335,000 | 319,254 | |
05/15/2027 | 6.500% | 265,000 | 255,661 | |
Royal Caribbean Cruises Ltd.(a) | ||||
06/01/2025 | 11.500% | 233,000 | 247,566 | |
07/01/2026 | 4.250% | 400,000 | 295,304 | |
08/31/2026 | 5.500% | 275,000 | 210,395 | |
Six Flags Entertainment Corp.(a) | ||||
07/31/2024 | 4.875% | 730,000 | 696,401 | |
04/15/2027 | 5.500% | 368,000 | 325,165 | |
Six Flags Theme Parks, Inc.(a) | ||||
07/01/2025 | 7.000% | 69,000 | 69,220 | |
Vail Resorts, Inc.(a) | ||||
05/15/2025 | 6.250% | 436,000 | 430,487 | |
Total | 5,216,991 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Life Insurance 1.4% | ||||
CoreBridge Financial, Inc.(a) | ||||
04/05/2027 | 3.650% | 4,000,000 | 3,655,059 | |
Five Corners Funding Trust(a) | ||||
11/15/2023 | 4.419% | 2,000,000 | 1,982,840 | |
Metropolitan Life Global Funding I(a) | ||||
06/30/2027 | 4.400% | 2,500,000 | 2,409,871 | |
Peachtree Corners Funding Trust(a) | ||||
02/15/2025 | 3.976% | 3,547,000 | 3,424,418 | |
Principal Life Global Funding II(a) | ||||
11/17/2026 | 1.500% | 3,000,000 | 2,589,099 | |
Total | 14,061,287 | |||
Lodging 0.1% | ||||
Hilton Domestic Operating Co., Inc.(a) | ||||
05/01/2025 | 5.375% | 593,000 | 580,272 | |
Media and Entertainment 0.6% | ||||
Clear Channel Worldwide Holdings, Inc.(a) | ||||
08/15/2027 | 5.125% | 380,000 | 322,070 | |
iHeartCommunications, Inc. | ||||
05/01/2026 | 6.375% | 1,203,000 | 1,116,100 | |
Magallanes, Inc.(a) | ||||
03/15/2027 | 3.755% | 4,000,000 | 3,590,138 | |
Netflix, Inc. | ||||
03/01/2024 | 5.750% | 272,000 | 276,458 | |
Netflix, Inc.(a) | ||||
06/15/2025 | 3.625% | 124,000 | 116,996 | |
Outfront Media Capital LLC/Corp.(a) | ||||
06/15/2025 | 6.250% | 858,000 | 836,242 | |
Univision Communications, Inc.(a) | ||||
02/15/2025 | 5.125% | 225,000 | 213,499 | |
Total | 6,471,503 | |||
Metals and Mining 0.2% | ||||
Constellium NV(a) | ||||
02/15/2026 | 5.875% | 783,000 | 718,102 | |
Hudbay Minerals, Inc.(a) | ||||
04/01/2026 | 4.500% | 905,000 | 752,100 | |
Novelis Corp.(a) | ||||
11/15/2026 | 3.250% | 432,000 | 363,153 | |
Total | 1,833,355 | |||
Midstream 2.2% | ||||
Cheniere Corpus Christi Holdings LLC | ||||
06/30/2024 | 7.000% | 209,000 | 212,402 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 13 |
September 30, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
DCP Midstream Operating LP | ||||
03/15/2023 | 3.875% | 518,000 | 512,763 | |
Enbridge, Inc. | ||||
12/01/2026 | 4.250% | 2,152,000 | 2,050,636 | |
Enterprise Products Operating LLC | ||||
02/15/2025 | 3.750% | 2,000,000 | 1,937,887 | |
EQM Midstream Partners LP | ||||
08/01/2024 | 4.000% | 70,000 | 65,451 | |
12/01/2026 | 4.125% | 327,000 | 277,655 | |
EQM Midstream Partners LP(a) | ||||
07/01/2025 | 6.000% | 332,000 | 307,470 | |
06/01/2027 | 7.500% | 140,000 | 133,735 | |
Holly Energy Partners LP/Finance Corp.(a) | ||||
04/15/2027 | 6.375% | 241,000 | 230,173 | |
Kinder Morgan, Inc. | ||||
11/15/2026 | 1.750% | 3,000,000 | 2,600,417 | |
MPLX LP | ||||
03/01/2026 | 1.750% | 3,000,000 | 2,629,057 | |
NuStar Logistics LP | ||||
10/01/2025 | 5.750% | 680,000 | 629,925 | |
06/01/2026 | 6.000% | 497,000 | 457,333 | |
Plains All American Pipeline LP/Finance Corp. | ||||
12/15/2026 | 4.500% | 3,300,000 | 3,122,972 | |
Southern Natural Gas Co. LLC(a) | ||||
04/28/2023 | 0.625% | 2,300,000 | 2,241,160 | |
Western Midstream Operating LP | ||||
02/01/2025 | 3.600% | 1,649,000 | 1,534,856 | |
Williams Companies, Inc. (The) | ||||
06/15/2027 | 3.750% | 3,500,000 | 3,221,535 | |
Total | 22,165,427 | |||
Natural Gas 0.3% | ||||
NiSource Finance Corp. | ||||
05/15/2027 | 3.490% | 3,500,000 | 3,222,357 | |
Other Industry 0.0% | ||||
Picasso Finance Sub, Inc.(a) | ||||
06/15/2025 | 6.125% | 438,000 | 429,593 | |
Other REIT 0.2% | ||||
Blackstone Mortgage Trust, Inc.(a) | ||||
01/15/2027 | 3.750% | 281,000 | 230,818 | |
Ladder Capital Finance Holdings LLLP/Corp.(a) | ||||
10/01/2025 | 5.250% | 75,000 | 69,003 | |
02/01/2027 | 4.250% | 769,000 | 629,301 | |
Park Intermediate Holdings LLC/Domestic Property/Finance Co-Issuer(a) | ||||
06/01/2025 | 7.500% | 599,000 | 595,896 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
RLJ Lodging Trust LP(a) | ||||
07/01/2026 | 3.750% | 618,000 | 527,630 | |
Total | 2,052,648 | |||
Packaging 0.3% | ||||
Ardagh Metal Packaging Finance USA LLC/PLC(a) | ||||
06/15/2027 | 6.000% | 335,000 | 317,233 | |
Ardagh Packaging Finance PLC/Holdings USA, Inc.(a) | ||||
04/30/2025 | 5.250% | 643,000 | 601,548 | |
Berry Global, Inc.(a) | ||||
02/15/2026 | 4.500% | 448,000 | 414,665 | |
BWAY Holding Co.(a) | ||||
04/15/2024 | 5.500% | 245,000 | 232,459 | |
CANPACK SA/Eastern PA Land Investment Holding LLC(a) | ||||
11/01/2025 | 3.125% | 380,000 | 336,858 | |
Trivium Packaging Finance BV(a) | ||||
08/15/2026 | 5.500% | 921,000 | 831,156 | |
Total | 2,733,919 | |||
Pharmaceuticals 1.1% | ||||
AbbVie, Inc. | ||||
05/14/2026 | 3.200% | 4,500,000 | 4,207,629 | |
Amgen, Inc. | ||||
08/15/2028 | 1.650% | 3,500,000 | 2,885,221 | |
AstraZeneca Finance LLC | ||||
05/28/2026 | 1.200% | 2,500,000 | 2,197,431 | |
Bausch Health Companies, Inc.(a) | ||||
11/01/2025 | 5.500% | 186,000 | 148,595 | |
Bristol Myers Squibb Co. | ||||
07/26/2024 | 2.900% | 1,238,000 | 1,201,199 | |
Total | 10,640,075 | |||
Property & Casualty 0.3% | ||||
American International Group, Inc. | ||||
04/01/2026 | 3.900% | 2,500,000 | 2,391,329 | |
Radian Group, Inc. | ||||
10/01/2024 | 4.500% | 285,000 | 269,585 | |
03/15/2025 | 6.625% | 423,000 | 412,281 | |
03/15/2027 | 4.875% | 107,000 | 95,108 | |
Total | 3,168,303 | |||
Railroads 0.2% | ||||
CSX Corp. | ||||
11/01/2025 | 3.350% | 1,628,000 | 1,549,888 | |
Refining 0.2% | ||||
Phillips 66 | ||||
02/15/2026 | 1.300% | 2,500,000 | 2,186,799 |
14 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Restaurants 0.2% | ||||
1011778 BC ULC/New Red Finance, Inc.(a) | ||||
04/15/2025 | 5.750% | 748,000 | 741,513 | |
IRB Holding Corp.(a) | ||||
06/15/2025 | 7.000% | 1,300,000 | 1,294,320 | |
Total | 2,035,833 | |||
Retailers 0.3% | ||||
Lowe’s Companies, Inc. | ||||
09/08/2025 | 4.400% | 2,650,000 | 2,611,930 | |
Supermarkets 0.1% | ||||
Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
03/15/2026 | 7.500% | 307,000 | 309,969 | |
Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
03/15/2026 | 3.250% | 305,000 | 268,832 | |
Total | 578,801 | |||
Technology 1.7% | ||||
Block, Inc. | ||||
06/01/2026 | 2.750% | 577,000 | 495,868 | |
Boxer Parent Co., Inc.(a) | ||||
10/02/2025 | 7.125% | 353,000 | 346,108 | |
Broadcom Corp./Cayman Finance Ltd. | ||||
01/15/2027 | 3.875% | 3,500,000 | 3,225,885 | |
Camelot Finance SA(a) | ||||
11/01/2026 | 4.500% | 586,000 | 535,661 | |
CommScope Finance LLC(a) | ||||
03/01/2026 | 6.000% | 274,000 | 252,384 | |
Fidelity National Information Services, Inc. | ||||
03/01/2026 | 1.150% | 2,500,000 | 2,161,384 | |
Microchip Technology, Inc. | ||||
02/15/2024 | 0.972% | 2,500,000 | 2,355,285 | |
09/01/2025 | 4.250% | 351,000 | 339,508 | |
NCR Corp.(a) | ||||
09/01/2027 | 5.750% | 250,000 | 226,807 | |
NXP BV/Funding LLC/USA, Inc. | ||||
05/01/2027 | 3.150% | 3,500,000 | 3,141,995 | |
Oracle Corp. | ||||
05/15/2025 | 2.950% | 2,500,000 | 2,350,906 | |
PTC, Inc.(a) | ||||
02/15/2025 | 3.625% | 237,000 | 220,944 | |
Shift4 Payments LLC/Finance Sub, Inc.(a) | ||||
11/01/2026 | 4.625% | 870,000 | 792,847 | |
Symantec Corp.(a) | ||||
04/15/2025 | 5.000% | 402,000 | 382,340 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Tempo Acquisition LLC/Finance Corp.(a) | ||||
06/01/2025 | 5.750% | 755,000 | 735,920 | |
Total | 17,563,842 | |||
Transportation Services 0.2% | ||||
ERAC USA Finance LLC(a) | ||||
11/01/2025 | 3.800% | 2,500,000 | 2,362,282 | |
Wireless 0.7% | ||||
Altice France SA(a) | ||||
02/01/2027 | 8.125% | 934,000 | 834,549 | |
American Tower Corp. | ||||
01/31/2028 | 1.500% | 2,700,000 | 2,162,655 | |
SBA Communications Corp. | ||||
02/15/2027 | 3.875% | 230,000 | 204,245 | |
Sprint Communications, Inc. | ||||
11/15/2022 | 6.000% | 255,000 | 255,412 | |
Sprint Corp. | ||||
09/15/2023 | 7.875% | 755,000 | 765,543 | |
06/15/2024 | 7.125% | 442,000 | 449,290 | |
T-Mobile US, Inc. | ||||
04/15/2029 | 3.375% | 3,000,000 | 2,590,987 | |
Total | 7,262,681 | |||
Wirelines 0.6% | ||||
AT&T, Inc. | ||||
02/01/2028 | 1.650% | 2,500,000 | 2,057,437 | |
CenturyLink, Inc. | ||||
12/01/2023 | 6.750% | 115,000 | 117,436 | |
04/01/2025 | 5.625% | 404,000 | 389,172 | |
Front Range BidCo, Inc.(a) | ||||
03/01/2027 | 4.000% | 372,000 | 298,933 | |
Iliad Holding SAS(a) | ||||
10/15/2026 | 6.500% | 1,127,000 | 985,001 | |
Verizon Communications, Inc. | ||||
03/16/2027 | 4.125% | 2,500,000 | 2,391,181 | |
Total | 6,239,160 | |||
Total Corporate Bonds & Notes (Cost $360,918,495) | 329,988,537 | |||
Foreign Government Obligations(g) 0.1% | ||||
Canada 0.1% | ||||
NOVA Chemicals Corp.(a) | ||||
06/01/2024 | 4.875% | 240,000 | 225,683 | |
05/01/2025 | 5.000% | 105,000 | 94,145 | |
06/01/2027 | 5.250% | 504,000 | 428,840 | |
Total | 748,668 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 15 |
September 30, 2022 (Unaudited)
Foreign Government Obligations(g) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Morocco 0.0% | ||||
Morocco Government AID Bond(b),(c),(h) | ||||
6-month USD LIBOR + 0.000% 05/01/2023 | 1.906% | 85,000 | 84,575 | |
Total Foreign Government Obligations (Cost $958,511) | 833,243 | |||
Residential Mortgage-Backed Securities - Agency 0.0% | ||||
Federal Home Loan Mortgage Corp. | ||||
01/01/2023- 10/01/2024 | 4.500% | 6,273 | 6,180 | |
01/01/2024 | 5.000% | 5,560 | 5,584 | |
03/01/2025- 04/01/2026 | 4.000% | 7,229 | 7,006 | |
11/01/2025 | 3.500% | 1,390 | 1,320 | |
Federal Home Loan Mortgage Corp.(b) | ||||
1-year CMT + 2.218% Cap 9.436% 03/01/2034 | 2.577% | 101,113 | 99,065 | |
12-month USD LIBOR + 1.735% Cap 10.860% 07/01/2036 | 3.985% | 1,595 | 1,573 | |
12-month USD LIBOR + 1.709% Cap 11.157% 08/01/2036 | 3.574% | 22,824 | 23,224 | |
12-month USD LIBOR + 1.765% Cap 11.140% 12/01/2036 | 2.015% | 4,935 | 4,858 | |
Federal National Mortgage Association | ||||
03/01/2023 | 5.000% | 7 | 8 | |
03/01/2024- 06/01/2026 | 4.000% | 8,926 | 8,641 | |
12/01/2025- 09/01/2026 | 3.500% | 24,692 | 23,462 | |
Federal National Mortgage Association(d) | ||||
CMO Series 2003-W11 Class A1 | ||||
06/25/2033 | 3.720% | 5,501 | 5,575 | |
Government National Mortgage Association(b) | ||||
1-year CMT + 1.500% Floor 1.000%, Cap 11.000% 03/20/2030 | 2.625% | 7,481 | 7,409 | |
Government National Mortgage Association | ||||
08/15/2037 | 7.500% | 11,340 | 11,431 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $209,675) | 205,336 | |||
Residential Mortgage-Backed Securities - Non-Agency 28.2% | ||||
510 Asset Backed Trust(a),(d) | ||||
CMO Series 2021-NPL2 Class A1 | ||||
06/25/2061 | 2.116% | 4,197,133 | 3,894,520 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
AMRESCO Residential Securities Corp. Mortgage Loan Trust(b) | ||||
CMO Series 1998-3 Class A7 | ||||
1-month USD LIBOR + 0.480% Floor 0.480% 07/25/2028 | 3.564% | 2,977 | 2,973 | |
Angel Oak Mortgage Trust(a),(d) | ||||
CMO Series 2020-6 Class A3 | ||||
05/25/2065 | 1.775% | 416,762 | 373,938 | |
CMO Series 2020-6 Class M1 | ||||
05/25/2065 | 2.805% | 1,225,000 | 976,670 | |
CMO Series 2021-8 Class A1 | ||||
11/25/2066 | 1.820% | 8,167,132 | 7,054,057 | |
Angel Oak Mortgage Trust I LLC(a),(d) | ||||
CMO Series 2018-3 Class A3 | ||||
09/25/2048 | 3.853% | 79,175 | 78,742 | |
CMO Series 2019-2 Class A3 | ||||
03/25/2049 | 3.833% | 9,082 | 9,037 | |
Banc of America Funding Trust | ||||
CMO Series 2005-5 Class 2A1 | ||||
09/25/2035 | 5.500% | 92,777 | 87,385 | |
Banc of America Funding Trust(d) | ||||
CMO Series 2007-C Class 1A3 | ||||
05/20/2036 | 3.081% | 50,007 | 47,960 | |
Bellemeade Re Ltd.(a),(b) | ||||
CMO Series 2020-3A Class M1B | ||||
1-month USD LIBOR + 2.850% Floor 2.850% 10/25/2030 | 5.934% | 580,190 | 580,040 | |
CMO Series 2021-1A Class M1B | ||||
30-day Average SOFR + 2.200% Floor 2.200% 03/25/2031 | 2.489% | 3,000,000 | 2,927,494 | |
CMO Series 2022-1 Class M1B | ||||
30-day Average SOFR + 2.150% Floor 2.150% 01/26/2032 | 4.455% | 5,284,000 | 5,127,851 | |
BRAVO Residential Funding Trust(a),(d) | ||||
CMO Series 2020-NQM1 Class A1 | ||||
05/25/2060 | 1.449% | 647,347 | 608,300 | |
CMO Series 2021-NQM1 Class A1 | ||||
02/25/2049 | 0.941% | 3,872,602 | 3,576,737 | |
CFMT LLC(a),(d) | ||||
CMO Series 2021-EBO1 Class A | ||||
11/25/2050 | 0.985% | 2,744,171 | 2,617,630 | |
Chase Mortgage Finance Trust | ||||
CMO Series 2005-S2 Class A1 | ||||
10/25/2035 | 5.500% | 64,394 | 59,281 | |
CMO Series 2006-S4 Class A3 | ||||
12/25/2036 | 6.000% | 147,412 | 72,993 |
16 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CHNGE Mortgage Trust(a),(d) | ||||
CMO Series 2022-1 Class A1 | ||||
01/25/2067 | 3.007% | 6,940,038 | 6,294,590 | |
CMO Series 2022-NQM1 Class A1 | ||||
06/25/2067 | 5.528% | 2,346,266 | 2,293,563 | |
CIM Trust(a),(b) | ||||
CMO Series 2018-R6 Class A1 | ||||
1-month USD LIBOR + 1.076% Floor 1.076% 09/25/2058 | 4.204% | 3,638,734 | 3,594,164 | |
CIM Trust(a),(d) | ||||
CMO Series 2021-NR1 Class A1 | ||||
07/25/2055 | 2.569% | 2,520,155 | 2,367,732 | |
Credit Suisse Mortgage Trust(a),(d) | ||||
CMO Series 2021-AFC1 Class A1 | ||||
03/25/2056 | 0.830% | 1,888,372 | 1,499,508 | |
CMO Series 2021-RPL1 Class A1 | ||||
09/27/2060 | 1.668% | 4,540,921 | 4,264,640 | |
CMO Series 2022-JR1 Class A1 | ||||
10/25/2066 | 4.267% | 16,115,616 | 15,360,045 | |
CSMC Trust(a) | ||||
CMO Series 2019-AFC1 Class A1 | ||||
07/25/2049 | 2.573% | 1,374,345 | 1,274,432 | |
CSMC Trust(a),(d) | ||||
CMO Series 2021-RPL4 Class A1 | ||||
12/27/2060 | 1.796% | 3,336,337 | 3,103,857 | |
CMO Series 2022-NQM5 Class A1 | ||||
05/25/2067 | 5.169% | 4,053,586 | 3,942,846 | |
Subordinated CMO Series 2020-RPL3 Class A1 | ||||
03/25/2060 | 2.691% | 2,525,716 | 2,439,486 | |
Subordinated CMO Series 2020-RPL4 Class A1 | ||||
01/25/2060 | 2.000% | 6,244,914 | 5,557,712 | |
Deephaven Residential Mortgage Trust(a),(d) | ||||
CMO Series 2022-1 Class A1 | ||||
01/25/2067 | 2.205% | 16,428,102 | 14,529,865 | |
Eagle Re Ltd.(a),(b) | ||||
CMO Series 2021-2 Class M1B | ||||
30-day Average SOFR + 2.050% Floor 2.050% 04/25/2034 | 4.331% | 5,100,000 | 5,059,602 | |
Subordinated CMO Series 2020-1 Class M1A | ||||
1-month USD LIBOR + 0.900% 01/25/2030 | 3.984% | 30,400 | 30,262 | |
Freddie Mac STACR REMIC Trust(a),(b) | ||||
CMO Series 2020-DNA1 Class M2 | ||||
1-month USD LIBOR + 1.700% 01/25/2050 | 4.784% | 666,735 | 659,586 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2021-DNA5 Class M2 | ||||
30-day Average SOFR + 1.650% 01/25/2034 | 3.931% | 1,432,746 | 1,397,192 | |
CMO Series 2021-HQA1 Class M1 | ||||
30-day Average SOFR + 0.700% 08/25/2033 | 2.981% | 448,674 | 447,495 | |
CMO Series 2021-HQA4 Class M1 | ||||
30-day Average SOFR + 0.950% 12/25/2041 | 3.231% | 3,449,630 | 3,336,367 | |
CMO Series 2022-DNA3 Class M1A | ||||
30-day Average SOFR + 2.000% 04/25/2042 | 4.183% | 8,502,181 | 8,438,487 | |
GCAT LLC(a),(d) | ||||
CMO Series 2020-3 Class A1 | ||||
09/25/2025 | 2.981% | 3,215,602 | 3,103,732 | |
GCAT Trust(a),(d) | ||||
CMO Series 2021-CM2 Class A1 | ||||
08/25/2066 | 2.352% | 3,885,732 | 3,642,601 | |
CMO Series 2022-NQM4 Class A1 | ||||
08/25/2067 | 5.269% | 3,983,371 | 3,895,835 | |
Genworth Mortgage Insurance Corp.(a),(b) | ||||
CMO Series 2021-3 Class M1A | ||||
30-day Average SOFR + 1.900% Floor 1.900% 02/25/2034 | 4.083% | 8,960,313 | 8,797,262 | |
GS Mortgage-Backed Securities Trust(a),(d) | ||||
CMO Series 2020-NQM1 Class A1 | ||||
09/27/2060 | 1.382% | 1,255,521 | 1,139,076 | |
Home Re Ltd.(a),(b) | ||||
CMO Series 2021-1 Class M1B | ||||
1-month USD LIBOR + 1.550% 07/25/2033 | 4.634% | 3,696,364 | 3,667,700 | |
Homeward Opportunities Fund Trust(a),(f) | ||||
CMO Series 2020-BPL1 Class A1 | ||||
08/25/2025 | 3.228% | 1,125,719 | 1,123,953 | |
CMO Series 2022-1 Class A1 | ||||
07/25/2067 | 5.082% | 6,921,059 | 6,725,886 | |
Imperial Fund Mortgage Trust(a),(d) | ||||
CMO Series 2021-NQM2 Class A3 | ||||
09/25/2056 | 1.516% | 2,702,189 | 2,234,169 | |
JPMorgan Mortgage Trust | ||||
CMO Series 2005-S3 Class 2A2 | ||||
01/25/2023 | 5.500% | 15,172 | 10,642 | |
JPMorgan Mortgage Trust(d) | ||||
CMO Series 2007-A2 Class 3A1 | ||||
04/25/2037 | 2.946% | 4,739 | 4,073 | |
Legacy Mortgage Asset Trust(a),(d) | ||||
CMO Series 2021-GS1 Class A1 | ||||
10/25/2066 | 1.892% | 3,194,457 | 3,004,661 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 17 |
September 30, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2021-GS2 Class A1 | ||||
04/25/2061 | 1.750% | 6,084,686 | 5,645,210 | |
MFA Trust(a),(d) | ||||
CMO Series 2020-NQM1 Class A1 | ||||
03/25/2065 | 1.479% | 1,154,702 | 1,055,911 | |
Morgan Stanley Mortgage Loan Trust(d) | ||||
CMO Series 2004-10AR Class 2A2 | ||||
11/25/2034 | 3.710% | 43,078 | 41,230 | |
New Residential Mortgage Loan Trust(a),(d) | ||||
CMO Series 2019-NQM4 Class A2 | ||||
09/25/2059 | 2.644% | 1,464,612 | 1,350,005 | |
NRZ Excess Spread-Collateralized Notes(a) | ||||
Series 2020-PLS1 Class A | ||||
12/25/2025 | 3.844% | 1,321,734 | 1,207,785 | |
Oaktown Re VI Ltd.(a),(b) | ||||
CMO Series 2021-1A Class M1A | ||||
30-day Average SOFR + 1.650% Floor 1.650% 10/25/2033 | 3.931% | 1,321,362 | 1,319,372 | |
OBX Trust(a),(d) | ||||
CMO Series 2019-EXP2 Class 1A3 | ||||
06/25/2059 | 4.000% | 501,385 | 455,849 | |
OBX Trust(a),(f) | ||||
CMO Series 2022-NQM7 Class A1 | ||||
08/25/2062 | 5.110% | 4,951,242 | 4,834,577 | |
Oceanview Mortgage Loan Trust(a) | ||||
CMO Series 2020-1 Class A1A | ||||
05/28/2050 | 1.733% | 965,876 | 880,601 | |
Preston Ridge Partners Mortgage(a),(d) | ||||
CMO Series 2021-4 Class A1 | ||||
04/25/2026 | 1.867% | 6,955,650 | 6,372,965 | |
Preston Ridge Partners Mortgage Trust(a),(d) | ||||
CMO Series 2021-10 Class A1 | ||||
10/25/2026 | 2.487% | 3,842,499 | 3,480,515 | |
CMO Series 2021-2 Class A1 | ||||
03/25/2026 | 2.115% | 2,286,712 | 2,158,693 | |
CMO Series 2021-3 Class A1 | ||||
04/25/2026 | 1.867% | 3,844,173 | 3,597,199 | |
CMO Series 2021-9 Class A1 | ||||
10/25/2026 | 2.363% | 6,560,379 | 6,057,414 | |
Pretium Mortgage Credit Partners I LLC(a),(d) | ||||
CMO Series 2021-NPL1 Class A1 | ||||
09/27/2060 | 2.240% | 1,899,220 | 1,798,522 | |
CMO Series 2021-NPL2 Class A1 | ||||
06/27/2060 | 1.992% | 1,859,348 | 1,729,497 | |
Pretium Mortgage Credit Partners LLC(a),(d) | ||||
CMO Series 2021-NPL3 Class A1 | ||||
07/25/2051 | 1.868% | 8,758,388 | 8,031,441 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2021-NPL6 Class A1 | ||||
07/25/2051 | 2.487% | 10,522,774 | 9,790,237 | |
PRKCM Trust(a),(d) | ||||
CMO Series 2021-AFC2 Class A1 | ||||
11/25/2056 | 2.071% | 13,690,269 | 11,150,213 | |
PRPM LLC(a),(d) | ||||
CMO Series 2021-RPL1 Class A1 | ||||
07/25/2051 | 1.319% | 1,850,734 | 1,682,597 | |
Radnor Re Ltd.(a),(b) | ||||
CMO Series 2020-1 Class M1A | ||||
1-month USD LIBOR + 0.950% Floor 0.950% 02/25/2030 | 4.034% | 1,070,306 | 1,056,907 | |
Sequoia Mortgage Trust(a),(d) | ||||
CMO Series 2016-3 Class A1 | ||||
11/25/2046 | 3.500% | 708,395 | 623,531 | |
Starwood Mortgage Residential Trust(a),(d) | ||||
CMO Series 2019-INV1 Class A3 | ||||
09/27/2049 | 2.916% | 1,735,297 | 1,655,364 | |
CMO Series 2020-INV1 Class A3 | ||||
11/25/2055 | 1.593% | 464,145 | 422,856 | |
Toorak Mortgage Corp., Ltd.(a),(d) | ||||
CMO Series 2020-1 Class A1 | ||||
03/25/2023 | 2.734% | 7,329,809 | 7,284,916 | |
Towd Point HE Trust(a),(d) | ||||
CMO Series 2021-HE1 Class M2 | ||||
02/25/2063 | 2.500% | 1,150,000 | 1,054,361 | |
Towd Point Mortgage Trust(a),(d) | ||||
CMO Series 2021-SJ2 Class A1A | ||||
12/25/2061 | 2.250% | 5,584,740 | 5,196,812 | |
VCAT Asset Securitization LLC(a),(d) | ||||
CMO Series 2021-NPL6 Class A1 | ||||
09/25/2051 | 1.917% | 2,482,954 | 2,308,177 | |
VCAT LLC(a),(d) | ||||
CMO Series 2021-NPL1 Class A1 | ||||
12/26/2050 | 2.289% | 481,880 | 461,794 | |
Vericrest Opportunity Loan Transferee(a),(d) | ||||
CMO Series 2021-NPL4 Class A1 | ||||
03/27/2051 | 2.240% | 4,186,366 | 3,966,163 | |
Vericrest Opportunity Loan Transferee XCVI LLC(a),(d) | ||||
CMO Series 2021-NPL5 Class A1 | ||||
03/27/2051 | 2.116% | 2,516,023 | 2,307,354 | |
Vericrest Opportunity Loan Transferee XCVII LLC(a),(d) | ||||
CMO Series 2021-NPL6 Class A1 | ||||
04/25/2051 | 2.240% | 10,041,381 | 9,150,866 | |
Vericrest Opportunity Loan Trust CI LLC(a),(d) | ||||
CMO Series 2021-NP10 Class A1 | ||||
05/25/2051 | 1.992% | 7,818,840 | 7,283,250 |
18 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Verus Securitization Trust(a),(d) | ||||
CMO Series 2019-4 Class A3 | ||||
11/25/2059 | 3.000% | 1,982,329 | 1,904,987 | |
CMO Series 2020-2 Class A1 | ||||
05/25/2060 | 2.226% | 391,401 | 382,785 | |
CMO Series 2020-NPL1 Class A1 | ||||
08/25/2050 | 3.598% | 20,758 | 20,721 | |
CMO Series 2021-8 Class A3 | ||||
11/25/2066 | 2.491% | 9,110,739 | 7,636,187 | |
CMO Series 2022-INV1 Class A1 | ||||
08/25/2067 | 5.041% | 3,453,619 | 3,363,918 | |
Visio Trust(a),(d) | ||||
CMO Series 2019-2 Class A3 | ||||
11/25/2054 | 3.076% | 1,118,812 | 1,070,533 | |
Visio Trust(a) | ||||
Series 2020-1R Class A1 | ||||
11/25/2055 | 1.312% | 4,684,254 | 4,429,561 | |
Wells Fargo Mortgage-Backed Securities Trust(d) | ||||
CMO Series 2006-AR19 Class A1 | ||||
12/25/2036 | 3.030% | 67,936 | 65,331 | |
Total Residential Mortgage-Backed Securities - Non-Agency (Cost $307,579,281) | 285,622,836 | |||
U.S. Treasury Obligations 1.0% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury | ||||
07/31/2023 | 0.125% | 10,575,000 | 10,222,225 | |
Total U.S. Treasury Obligations (Cost $10,379,728) | 10,222,225 |
Money Market Funds 0.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 2.834%(i),(j) | 7,137,210 | 7,133,642 |
Total Money Market Funds (Cost $7,133,091) | 7,133,642 | |
Total Investments in Securities (Cost: $1,078,792,844) | 1,010,444,441 | |
Other Assets & Liabilities, Net | 3,374,243 | |
Net Assets | 1,013,818,684 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 2-Year Note | 1,500 | 12/2022 | USD | 308,085,939 | — | (4,152,518) |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 5-Year Note | (1,000) | 12/2022 | USD | (107,507,813) | 3,435,532 | — |
(a) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At September 30, 2022, the total value of these securities amounted to $754,992,367, which represents 74.47% of total net assets. |
(b) | Variable rate security. The interest rate shown was the current rate as of September 30, 2022. |
(c) | Valuation based on significant unobservable inputs. |
(d) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of September 30, 2022. |
(e) | Payment-in-kind security. Interest can be paid by issuing additional par of the security or in cash. |
(f) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of September 30, 2022. |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 19 |
September 30, 2022 (Unaudited)
(g) | Principal and interest may not be guaranteed by a governmental entity. |
(h) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At September 30, 2022, the total value of these securities amounted to $84,575, which represents 0.01% of total net assets. |
(i) | The rate shown is the seven-day current annualized yield at September 30, 2022. |
(j) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund.The value of the holdings and transactions in these affiliated companies during the period ended September 30, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 2.834% | ||||||||
39,477,150 | 199,396,649 | (231,740,692) | 535 | 7,133,642 | 4,080 | 140,798 | 7,137,210 |
AID | Agency for International Development |
CMO | Collateralized Mortgage Obligation |
CMT | Constant Maturity Treasury |
LIBOR | London Interbank Offered Rate |
SOFR | Secured Overnight Financing Rate |
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
20 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
in default; and the effectiveness of third party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. Representatives of Columbia Management Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Asset-Backed Securities — Non-Agency | — | 241,359,308 | 2,100,032 | 243,459,340 |
Commercial Mortgage-Backed Securities - Non-Agency | — | 132,979,282 | — | 132,979,282 |
Corporate Bonds & Notes | — | 329,988,537 | — | 329,988,537 |
Foreign Government Obligations | — | 748,668 | 84,575 | 833,243 |
Residential Mortgage-Backed Securities - Agency | — | 205,336 | — | 205,336 |
Residential Mortgage-Backed Securities - Non-Agency | — | 285,622,836 | — | 285,622,836 |
U.S. Treasury Obligations | — | 10,222,225 | — | 10,222,225 |
Money Market Funds | 7,133,642 | — | — | 7,133,642 |
Total Investments in Securities | 7,133,642 | 1,001,126,192 | 2,184,607 | 1,010,444,441 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 3,435,532 | — | — | 3,435,532 |
Liability | ||||
Futures Contracts | (4,152,518) | — | — | (4,152,518) |
Total | 6,416,656 | 1,001,126,192 | 2,184,607 | 1,009,727,455 |
Balance as of 03/31/2022 ($) | Increase (decrease) in accrued discounts/ premiums ($) | Realized gain (loss) ($) | Change in unrealized appreciation (depreciation)(a) ($) | Purchases ($) | Sales ($) | Transfers into Level 3 ($) | Transfers out of Level 3 ($) | Balance as of 09/30/2022 ($) | |
Asset-Backed Securities — Non-Agency | 11,798,369 | — | — | (67,195) | — | (920,756) | — | (8,710,386) | 2,100,032 |
Foreign Government Obligations | 126,225 | — | 738 | 112 | — | (42,500) | — | — | 84,575 |
Residential Mortgage-Backed Securities — Non-Agency | 19,365,517 | — | — | — | — | — | — | (19,365,517) | — |
Total | 31,290,111 | — | 738 | (67,083) | — | (963,256) | — | (28,075,903) | 2,184,607 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 21 |
September 30, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,071,659,753) | $1,003,310,799 |
Affiliated issuers (cost $7,133,091) | 7,133,642 |
Margin deposits on: | |
Futures contracts | 1,286,875 |
Receivable for: | |
Investments sold | 3,467 |
Capital shares sold | 2,777,758 |
Dividends | 23,852 |
Interest | 4,907,397 |
Foreign tax reclaims | 987 |
Variation margin for futures contracts | 265,625 |
Expense reimbursement due from Investment Manager | 3,971 |
Prepaid expenses | 14,380 |
Other assets | 9,877 |
Total assets | 1,019,738,630 |
Liabilities | |
Due to custodian | 5,635 |
Payable for: | |
Capital shares purchased | 2,992,683 |
Distributions to shareholders | 2,310,503 |
Variation margin for futures contracts | 222,654 |
Management services fees | 11,887 |
Distribution and/or service fees | 1,759 |
Transfer agent fees | 66,709 |
Compensation of board members | 255,040 |
Compensation of chief compliance officer | 108 |
Other expenses | 52,968 |
Total liabilities | 5,919,946 |
Net assets applicable to outstanding capital stock | $1,013,818,684 |
Represented by | |
Paid in capital | 1,100,103,020 |
Total distributable earnings (loss) | (86,284,336) |
Total - representing net assets applicable to outstanding capital stock | $1,013,818,684 |
22 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Class A | |
Net assets | $215,760,358 |
Shares outstanding | 23,060,545 |
Net asset value per share | $9.36 |
Maximum sales charge | 1.00% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $9.45 |
Advisor Class | |
Net assets | $48,107,866 |
Shares outstanding | 5,149,291 |
Net asset value per share | $9.34 |
Class C | |
Net assets | $12,271,869 |
Shares outstanding | 1,314,704 |
Net asset value per share | $9.33 |
Institutional Class | |
Net assets | $188,525,422 |
Shares outstanding | 20,176,791 |
Net asset value per share | $9.34 |
Institutional 2 Class | |
Net assets | $15,568,205 |
Shares outstanding | 1,668,559 |
Net asset value per share | $9.33 |
Institutional 3 Class | |
Net assets | $532,491,029 |
Shares outstanding | 57,026,723 |
Net asset value per share | $9.34 |
Class R | |
Net assets | $1,093,935 |
Shares outstanding | 116,944 |
Net asset value per share | $9.35 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 23 |
Six Months Ended September 30, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $140,798 |
Interest | 14,917,957 |
Total income | 15,058,755 |
Expenses: | |
Management services fees | 2,401,376 |
Distribution and/or service fees | |
Class A | 280,273 |
Class C | 51,858 |
Class R | 2,837 |
Transfer agent fees | |
Class A | 153,611 |
Advisor Class | 38,150 |
Class C | 8,881 |
Institutional Class | 135,473 |
Institutional 2 Class | 6,038 |
Institutional 3 Class | 19,142 |
Class R | 778 |
Compensation of board members | (9,464) |
Custodian fees | 11,200 |
Printing and postage fees | 28,644 |
Registration fees | 80,357 |
Audit fees | 21,098 |
Legal fees | 12,148 |
Compensation of chief compliance officer | 95 |
Other | 12,684 |
Total expenses | 3,255,179 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (598,361) |
Fees waived by transfer agent | |
Institutional 2 Class | (687) |
Institutional 3 Class | (19,142) |
Total net expenses | 2,636,989 |
Net investment income | 12,421,766 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (10,988,374) |
Investments — affiliated issuers | 4,080 |
Futures contracts | (56,847) |
Net realized loss | (11,041,141) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (35,768,245) |
Investments — affiliated issuers | 535 |
Futures contracts | (907,125) |
Net change in unrealized appreciation (depreciation) | (36,674,835) |
Net realized and unrealized loss | (47,715,976) |
Net decrease in net assets resulting from operations | $(35,294,210) |
24 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
Six Months Ended September 30, 2022 (Unaudited) | Year Ended March 31, 2022 | |
Operations | ||
Net investment income | $12,421,766 | $17,633,291 |
Net realized loss | (11,041,141) | (5,230,316) |
Net change in unrealized appreciation (depreciation) | (36,674,835) | (39,021,111) |
Net decrease in net assets resulting from operations | (35,294,210) | (26,618,136) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (1,945,727) | (3,058,635) |
Advisor Class | (542,210) | (536,374) |
Class C | (76,758) | (103,583) |
Institutional Class | (1,958,761) | (3,002,264) |
Institutional 2 Class | (213,440) | (213,343) |
Institutional 3 Class | (6,447,354) | (11,296,305) |
Class R | (8,409) | (11,880) |
Total distributions to shareholders | (11,192,659) | (18,222,384) |
Increase (decrease) in net assets from capital stock activity | (170,293,527) | 260,270,941 |
Total increase (decrease) in net assets | (216,780,396) | 215,430,421 |
Net assets at beginning of period | 1,230,599,080 | 1,015,168,659 |
Net assets at end of period | $1,013,818,684 | $1,230,599,080 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 25 |
Six Months Ended | Year Ended | |||
September 30, 2022 (Unaudited) | March 31, 2022 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 2,540,564 | 24,314,408 | 7,009,597 | 70,531,581 |
Fund reorganization | — | — | 831,856 | 8,347,044 |
Distributions reinvested | 186,901 | 1,781,128 | 277,921 | 2,790,974 |
Redemptions | (3,548,486) | (33,992,537) | (8,036,456) | (80,779,228) |
Net increase (decrease) | (821,021) | (7,897,001) | 82,918 | 890,371 |
Advisor Class | ||||
Subscriptions | 165,541 | 1,584,182 | 793,803 | 7,830,705 |
Fund reorganization | — | — | 14,249,815 | 142,792,034 |
Distributions reinvested | 34,218 | 325,655 | 31,761 | 315,733 |
Redemptions | (2,138,826) | (20,528,475) | (8,720,941) | (86,630,637) |
Net increase (decrease) | (1,939,067) | (18,618,638) | 6,354,438 | 64,307,835 |
Class C | ||||
Subscriptions | 395,458 | 3,772,994 | 497,668 | 4,981,622 |
Distributions reinvested | 7,872 | 74,766 | 9,984 | 100,074 |
Redemptions | (449,170) | (4,294,428) | (831,055) | (8,339,484) |
Net decrease | (45,840) | (446,668) | (323,403) | (3,257,788) |
Institutional Class | ||||
Subscriptions | 3,952,579 | 37,874,772 | 9,783,107 | 98,047,807 |
Distributions reinvested | 169,845 | 1,616,377 | 247,662 | 2,484,197 |
Redemptions | (4,343,588) | (41,523,616) | (8,434,386) | (84,616,608) |
Net increase (decrease) | (221,164) | (2,032,467) | 1,596,383 | 15,915,396 |
Institutional 2 Class | ||||
Subscriptions | 73,816 | 708,328 | 1,921,833 | 18,932,311 |
Distributions reinvested | 22,428 | 213,440 | 21,348 | 213,343 |
Redemptions | (1,179,379) | (11,194,991) | (363,401) | (3,644,584) |
Net increase (decrease) | (1,083,135) | (10,273,223) | 1,579,780 | 15,501,070 |
Institutional 3 Class | ||||
Subscriptions | 9,532,808 | 90,951,046 | 30,010,234 | 302,086,959 |
Distributions reinvested | 243,144 | 2,314,067 | 474,388 | 4,753,762 |
Redemptions | (23,526,919) | (224,276,577) | (13,972,340) | (139,908,670) |
Net increase (decrease) | (13,750,967) | (131,011,464) | 16,512,282 | 166,932,051 |
Class R | ||||
Subscriptions | 71,778 | 694,356 | 15,668 | 157,816 |
Distributions reinvested | 809 | 7,704 | 1,056 | 10,605 |
Redemptions | (74,217) | (716,126) | (18,433) | (186,415) |
Net decrease | (1,630) | (14,066) | (1,709) | (17,994) |
Total net increase (decrease) | (17,862,824) | (170,293,527) | 25,800,689 | 260,270,941 |
26 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Total distributions to shareholders | |
Class A | ||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.75 | 0.09 | (0.40) | (0.31) | (0.08) | (0.08) |
Year Ended 3/31/2022 | $10.11 | 0.12 | (0.35) | (0.23) | (0.13) | (0.13) |
Year Ended 3/31/2021 | $9.37 | 0.18 | 0.73 | 0.91 | (0.17) | (0.17) |
Year Ended 3/31/2020 | $9.98 | 0.26 | (0.54) | (0.28) | (0.33) | (0.33) |
Year Ended 3/31/2019 | $9.88 | 0.20 | 0.05 | 0.25 | (0.15) | (0.15) |
Year Ended 3/31/2018 | $9.98 | 0.11 | (0.09) | 0.02 | (0.12) | (0.12) |
Advisor Class | ||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.74 | 0.10 | (0.40) | (0.30) | (0.10) | (0.10) |
Year Ended 3/31/2022 | $10.10 | 0.14 | (0.35) | (0.21) | (0.15) | (0.15) |
Year Ended 3/31/2021 | $9.36 | 0.20 | 0.74 | 0.94 | (0.20) | (0.20) |
Year Ended 3/31/2020 | $9.96 | 0.29 | (0.53) | (0.24) | (0.36) | (0.36) |
Year Ended 3/31/2019 | $9.87 | 0.23 | 0.03 | 0.26 | (0.17) | (0.17) |
Year Ended 3/31/2018 | $9.97 | 0.13 | (0.09) | 0.04 | (0.14) | (0.14) |
Class C | ||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.73 | 0.07 | (0.41) | (0.34) | (0.06) | (0.06) |
Year Ended 3/31/2022 | $10.08 | 0.07 | (0.35) | (0.28) | (0.07) | (0.07) |
Year Ended 3/31/2021 | $9.35 | 0.12 | 0.72 | 0.84 | (0.11) | (0.11) |
Year Ended 3/31/2020 | $9.96 | 0.20 | (0.54) | (0.34) | (0.27) | (0.27) |
Year Ended 3/31/2019 | $9.86 | 0.14 | 0.05 | 0.19 | (0.09) | (0.09) |
Year Ended 3/31/2018 | $9.96 | 0.05 | (0.09) | (0.04) | (0.06) | (0.06) |
Institutional Class | ||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.74 | 0.11 | (0.41) | (0.30) | (0.10) | (0.10) |
Year Ended 3/31/2022 | $10.09 | 0.15 | (0.35) | (0.20) | (0.15) | (0.15) |
Year Ended 3/31/2021 | $9.36 | 0.20 | 0.73 | 0.93 | (0.20) | (0.20) |
Year Ended 3/31/2020 | $9.96 | 0.29 | (0.53) | (0.24) | (0.36) | (0.36) |
Year Ended 3/31/2019 | $9.86 | 0.24 | 0.03 | 0.27 | (0.17) | (0.17) |
Year Ended 3/31/2018 | $9.97 | 0.12 | (0.09) | 0.03 | (0.14) | (0.14) |
Institutional 2 Class | ||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.73 | 0.11 | (0.41) | (0.30) | (0.10) | (0.10) |
Year Ended 3/31/2022 | $10.08 | 0.16 | (0.35) | (0.19) | (0.16) | (0.16) |
Year Ended 3/31/2021 | $9.35 | 0.21 | 0.72 | 0.93 | (0.20) | (0.20) |
Year Ended 3/31/2020 | $9.95 | 0.29 | (0.52) | (0.23) | (0.37) | (0.37) |
Year Ended 3/31/2019 | $9.85 | 0.22 | 0.06 | 0.28 | (0.18) | (0.18) |
Year Ended 3/31/2018 | $9.96 | 0.14 | (0.10) | 0.04 | (0.15) | (0.15) |
28 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a),(b) | Net investment income ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.36 | (3.16%) | 0.84%(c) | 0.73%(c) | 1.96%(c) | 17% | $215,760 |
Year Ended 3/31/2022 | $9.75 | (2.33%) | 0.84% | 0.74%(d) | 1.22% | 96% | $232,895 |
Year Ended 3/31/2021 | $10.11 | 9.77% | 0.85% | 0.77%(d) | 1.77% | 173% | $240,561 |
Year Ended 3/31/2020 | $9.37 | (2.94%) | 0.85% | 0.78%(d) | 2.61% | 169% | $216,266 |
Year Ended 3/31/2019 | $9.98 | 2.55% | 0.86% | 0.80%(d) | 2.02% | 154% | $226,907 |
Year Ended 3/31/2018 | $9.88 | 0.15% | 0.86% | 0.80%(d) | 1.06% | 86% | $242,170 |
Advisor Class | |||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.34 | (3.14%) | 0.59%(c) | 0.48%(c) | 2.16%(c) | 17% | $48,108 |
Year Ended 3/31/2022 | $9.74 | (2.09%) | 0.59% | 0.49%(d) | 1.43% | 96% | $69,029 |
Year Ended 3/31/2021 | $10.10 | 10.06% | 0.60% | 0.52%(d) | 2.03% | 173% | $7,409 |
Year Ended 3/31/2020 | $9.36 | (2.60%) | 0.60% | 0.53%(d) | 2.87% | 169% | $7,103 |
Year Ended 3/31/2019 | $9.96 | 2.71% | 0.61% | 0.55%(d) | 2.30% | 154% | $7,344 |
Year Ended 3/31/2018 | $9.87 | 0.40% | 0.60% | 0.55%(d) | 1.31% | 86% | $7,420 |
Class C | |||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.33 | (3.53%) | 1.39%(c) | 1.28%(c) | 1.40%(c) | 17% | $12,272 |
Year Ended 3/31/2022 | $9.73 | (2.77%) | 1.46% | 1.29%(d) | 0.68% | 96% | $13,238 |
Year Ended 3/31/2021 | $10.08 | 9.06% | 1.60% | 1.34%(d),(e) | 1.22% | 173% | $16,981 |
Year Ended 3/31/2020 | $9.35 | (3.53%) | 1.60% | 1.38%(d),(e) | 2.02% | 169% | $21,157 |
Year Ended 3/31/2019 | $9.96 | 1.94% | 1.61% | 1.40%(d),(e) | 1.38% | 154% | $27,118 |
Year Ended 3/31/2018 | $9.86 | (0.45%) | 1.61% | 1.40%(d),(e) | 0.46% | 86% | $42,010 |
Institutional Class | |||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.34 | (3.14%) | 0.59%(c) | 0.48%(c) | 2.20%(c) | 17% | $188,525 |
Year Ended 3/31/2022 | $9.74 | (1.99%) | 0.59% | 0.49%(d) | 1.47% | 96% | $198,640 |
Year Ended 3/31/2021 | $10.09 | 9.95% | 0.60% | 0.52%(d) | 2.03% | 173% | $189,774 |
Year Ended 3/31/2020 | $9.36 | (2.60%) | 0.60% | 0.53%(d) | 2.87% | 169% | $167,429 |
Year Ended 3/31/2019 | $9.96 | 2.81% | 0.61% | 0.55%(d) | 2.40% | 154% | $303,373 |
Year Ended 3/31/2018 | $9.86 | 0.29% | 0.61% | 0.55%(d) | 1.23% | 86% | $194,236 |
Institutional 2 Class | |||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.33 | (3.11%) | 0.51%(c) | 0.41%(c) | 2.21%(c) | 17% | $15,568 |
Year Ended 3/31/2022 | $9.73 | (1.92%) | 0.52% | 0.42% | 1.57% | 96% | $26,761 |
Year Ended 3/31/2021 | $10.08 | 10.04% | 0.52% | 0.44% | 2.08% | 173% | $11,814 |
Year Ended 3/31/2020 | $9.35 | (2.52%) | 0.51% | 0.44% | 2.94% | 169% | $22,420 |
Year Ended 3/31/2019 | $9.95 | 2.91% | 0.51% | 0.46% | 2.27% | 154% | $18,228 |
Year Ended 3/31/2018 | $9.85 | 0.39% | 0.51% | 0.46% | 1.44% | 86% | $30,580 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 29 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Total distributions to shareholders | |
Institutional 3 Class | ||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.73 | 0.11 | (0.40) | (0.29) | (0.10) | (0.10) |
Year Ended 3/31/2022 | $10.09 | 0.16 | (0.35) | (0.19) | (0.17) | (0.17) |
Year Ended 3/31/2021 | $9.36 | 0.21 | 0.73 | 0.94 | (0.21) | (0.21) |
Year Ended 3/31/2020 | $9.96 | 0.30 | (0.53) | (0.23) | (0.37) | (0.37) |
Year Ended 3/31/2019 | $9.86 | 0.24 | 0.05 | 0.29 | (0.19) | (0.19) |
Year Ended 3/31/2018 | $9.96 | 0.15 | (0.10) | 0.05 | (0.15) | (0.15) |
Class R | ||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.75 | 0.08 | (0.41) | (0.33) | (0.07) | (0.07) |
Year Ended 3/31/2022 | $10.11 | 0.10 | (0.36) | (0.26) | (0.10) | (0.10) |
Year Ended 3/31/2021 | $9.37 | 0.15 | 0.74 | 0.89 | (0.15) | (0.15) |
Year Ended 3/31/2020 | $9.98 | 0.24 | (0.54) | (0.30) | (0.31) | (0.31) |
Year Ended 3/31/2019 | $9.88 | 0.18 | 0.05 | 0.23 | (0.13) | (0.13) |
Year Ended 3/31/2018 | $9.99 | 0.08 | (0.10) | (0.02) | (0.09) | (0.09) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Ratios include the impact of voluntary waivers paid by the Investment Manager. For the periods indicated below, if the Investment Manager had not paid these voluntary waivers, the Fund’s net expense ratio would increase by: |
3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | |
Class C | 0.06% | 0.15% | 0.15% | 0.15% |
30 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a),(b) | Net investment income ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.34 | (2.98%) | 0.46%(c) | 0.35%(c) | 2.32%(c) | 17% | $532,491 |
Year Ended 3/31/2022 | $9.73 | (1.97%) | 0.46% | 0.37% | 1.60% | 96% | $688,879 |
Year Ended 3/31/2021 | $10.09 | 10.09% | 0.47% | 0.39% | 2.16% | 173% | $547,413 |
Year Ended 3/31/2020 | $9.36 | (2.47%) | 0.46% | 0.39% | 3.00% | 169% | $514,116 |
Year Ended 3/31/2019 | $9.96 | 2.96% | 0.46% | 0.41% | 2.41% | 154% | $717,896 |
Year Ended 3/31/2018 | $9.86 | 0.54% | 0.46% | 0.41% | 1.50% | 86% | $771,726 |
Class R | |||||||
Six Months Ended 9/30/2022 (Unaudited) | $9.35 | (3.38%) | 1.09%(c) | 0.98%(c) | 1.70%(c) | 17% | $1,094 |
Year Ended 3/31/2022 | $9.75 | (2.57%) | 1.09% | 0.99%(d) | 0.98% | 96% | $1,156 |
Year Ended 3/31/2021 | $10.11 | 9.50% | 1.10% | 1.02%(d) | 1.54% | 173% | $1,216 |
Year Ended 3/31/2020 | $9.37 | (3.18%) | 1.10% | 1.03%(d) | 2.37% | 169% | $1,966 |
Year Ended 3/31/2019 | $9.98 | 2.30% | 1.11% | 1.05%(d) | 1.78% | 154% | $2,549 |
Year Ended 3/31/2018 | $9.88 | (0.20%) | 1.10% | 1.05%(d) | 0.81% | 86% | $2,535 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 31 |
September 30, 2022 (Unaudited)
32 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Columbia Short Term Bond Fund | Semiannual Report 2022 | 33 |
September 30, 2022 (Unaudited)
34 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 3,435,532* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 4,152,518* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | (56,847) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | (907,125) |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 307,354,377 |
Futures contracts — short | 125,313,282 |
* | Based on the ending quarterly outstanding amounts for the six months ended September 30, 2022. |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 35 |
September 30, 2022 (Unaudited)
36 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Columbia Short Term Bond Fund | Semiannual Report 2022 | 37 |
September 30, 2022 (Unaudited)
Effective rate (%) | |
Class A | 0.14 |
Advisor Class | 0.14 |
Class C | 0.14 |
Institutional Class | 0.14 |
Institutional 2 Class | 0.05 |
Class R | 0.14 |
38 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 1.00 | 0.50 - 1.00(a) | 80,913 |
Class C | — | 1.00(b) | 2,207 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
August 1, 2022 through July 31, 2023 | Prior to August 1, 2022 | |
Class A | 0.71% | 0.74% |
Advisor Class | 0.46 | 0.49 |
Class C | 1.26 | 1.29 |
Institutional Class | 0.46 | 0.49 |
Institutional 2 Class | 0.37 | 0.42 |
Institutional 3 Class | 0.32 | 0.37 |
Class R | 0.96 | 0.99 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 39 |
September 30, 2022 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
1,078,793,000 | 3,624,000 | (72,690,000) | (69,066,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(3,699,544) | (3,284,848) | (6,984,392) |
40 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Shares | |
Class A | 831,856 |
Advisor Class | 14,249,815 |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 41 |
September 30, 2022 (Unaudited)
($) | |
Net investment income | 19,499,000 |
Net realized loss | (3,585,000) |
Net change in unrealized appreciation/(depreciation) | (43,503,000) |
Net decrease in net assets from operations | (27,589,000) |
42 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
September 30, 2022 (Unaudited)
Columbia Short Term Bond Fund | Semiannual Report 2022 | 43 |
September 30, 2022 (Unaudited)
44 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
Columbia Short Term Bond Fund | Semiannual Report 2022 | 45 |
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
46 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
(Unaudited)
Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund
Columbia Short Term Bond Fund | Semiannual Report 2022 | 47 |
(Unaudited)
On June 23, 2022, the Board, including all of the Independent Trustees, determined that fees payable under the Management Agreement were fair and reasonable in light of the extent and quality of services provided and approved the renewal of the Management Agreement.
48 | Columbia Short Term Bond Fund | Semiannual Report 2022 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
Item 2. Code of Ethics.
Not applicable for semiannual reports.
Item 3. Audit Committee Financial Expert.
Not applicable for semiannual reports.
Item 4. Principal Accountant Fees and Services.
Not applicable for semiannual reports.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments
(a) | The registrant’s “Schedule I – Investments in securities of unaffiliated issuers” (as set forth in 17 CFR 210.12-12) is included in Item 1 of this Form N-CSR. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of directors.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive officer and principal financial officer, based on their evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form N-CSR is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. |
(b) | There was no change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 13. Exhibits.
(a)(1) Code of ethics required to be disclosed under Item 2 of Form N-CSR: Not applicable for semiannual reports.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized. |
|
| ||
(registrant) |
| Columbia Funds Series Trust |
| |
By (Signature and Title) | /s/ Daniel J. Beckman |
| ||
|
|
| Daniel J. Beckman, President and Principal Executive Officer |
|
Date |
| November 22, 2022 |
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) | /s/ Daniel J. Beckman | ||
|
| Daniel J. Beckman, President and Principal Executive Officer | |
Date |
| November 22, 2022 |
|
By (Signature and Title) | /s/ Michael G. Clarke | ||
|
| Michael G. Clarke, Chief Financial Officer, Principal Financial Officer | |
|
| and Senior Vice President | |
Date |
| November 22, 2022 |
|
By (Signature and Title) | /s/ Joseph Beranek | ||
|
| Joseph Beranek, Treasurer, Chief Accounting Officer and Principal | |
|
| Financial Officer | |
Date |
| November 22, 2022 |
|