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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 811-01829
Columbia Acorn Trust
(Exact name of registrant as specified in charter)
227 W. Monroe Street
Suite 3000
Chicago, IL 60606
(Address of principal executive offices) (Zip code)
Mary C. Moynihan
Perkins Coie LLP
700 13th Street, NW
Suite 600
Washington, DC 20005
Paul B. Goucher, Esq.
Columbia Management Investment Advisers, LLC
100 Park Avenue
New York, New York 10017
P. Zachary Egan
Columbia Acorn Trust
227 West Monroe Street, Suite 3000
Chicago, Illinois 60606
(Name and address of agent for service)
Registrant’s telephone number, including area code: (312) 634-9200
Date of fiscal year end: December 31
Date of reporting period: December 31, 2016
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, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
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Item 1. Reports to Stockholders.
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December 31, 2016
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Not part of the shareholder report
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Columbia Acorn® Fund
Average annual total returns (%) (for the period ended December 31, 2016) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 10.06 | 10.76 | 6.20 | 13.76 |
Including sales charges | 3.70 | 9.46 | 5.57 | 13.61 | ||
Class C | Excluding sales charges | 10/16/00 | 9.29 | 9.98 | 5.40 | 12.89 |
Including sales charges | 8.66 | 9.98 | 5.40 | 12.89 | ||
Class I | 09/27/10 | 10.44 | 11.15 | 6.55 | 14.13 | |
Class R4 | 11/08/12 | 10.32 | 11.01 | 6.48 | 14.12 | |
Class R5 | 11/08/12 | 10.43 | 11.11 | 6.52 | 14.13 | |
Class Y | 11/08/12 | 10.50 | 11.16 | 6.55 | 14.13 | |
Class Z | 06/10/70 | 10.39 | 11.08 | 6.51 | 14.12 | |
Russell 2500 Index | 17.59 | 14.54 | 7.69 | N/A |
4 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Acorn® Fund
Top ten holdings (%) (at December 31, 2016) | |
Align Technology, Inc. Invisalign System to Correct Malocclusion (Crooked Teeth) | 2.4 |
Education Realty Trust, Inc. Student Housing | 1.7 |
Wageworks, Inc. Healthcare Consumer Directed Benefits & Commuter Account Management | 1.7 |
Lazard Ltd., Class A Corporate Advisory & Asset Management | 1.6 |
Raymond James Financial, Inc. Full Service Wealth Management | 1.6 |
HealthSouth Corp. Inpatient Rehabilitation Facilities & Home Health Care | 1.6 |
Toro Co. (The) Turf Maintenance Equipment | 1.5 |
Vantiv, Inc., Class A Credit Card Processor | 1.4 |
Pra Health Sciences, Inc. Contract Research Organization | 1.3 |
MB Financial, Inc. Chicago Bank | 1.3 |
Portfolio breakdown (%) (at December 31, 2016) | |
Common Stocks | 97.5 |
Money Market Funds | 0.4 |
Securities Lending Collateral | 2.1 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2016) | |
Consumer Discretionary | 14.6 |
Consumer Staples | 2.0 |
Energy | 3.7 |
Financials | 17.1 |
Health Care | 20.0 |
Industrials | 19.5 |
Information Technology | 15.0 |
Materials | 1.8 |
Real Estate | 4.7 |
Telecommunication Services | 1.6 |
Total | 100.0 |
Columbia Acorn Family of Funds | Annual Report 2016 | 5 |
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Columbia Acorn® Fund
plastic retainers.
6 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Acorn® Fund
Columbia Acorn Family of Funds | Annual Report 2016 | 7 |
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Columbia Acorn International®
Average annual total returns (%) (for the period ended December 31, 2016) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | -2.51 | 6.24 | 2.99 | 9.37 |
Including sales charges | -8.10 | 5.00 | 2.39 | 9.10 | ||
Class B | Excluding sales charges | 10/16/00 | -3.11 | 5.44 | 2.28 | 8.65 |
Including sales charges | -7.93 | 5.11 | 2.28 | 8.65 | ||
Class C | Excluding sales charges | 10/16/00 | -3.26 | 5.45 | 2.21 | 8.56 |
Including sales charges | -4.22 | 5.45 | 2.21 | 8.56 | ||
Class I | 09/27/10 | -2.18 | 6.64 | 3.38 | 9.80 | |
Class R | 08/02/11 | -2.82 | 5.86 | 2.67 | 9.08 | |
Class R4 | 11/08/12 | -2.32 | 6.48 | 3.30 | 9.76 | |
Class R5 | 08/02/11 | -2.23 | 6.58 | 3.34 | 9.77 | |
Class Y | 11/08/12 | -2.19 | 6.62 | 3.36 | 9.79 | |
Class Z | 09/23/92 | -2.28 | 6.54 | 3.33 | 9.77 | |
MSCI ACWI ex USA SMID Cap Index (Net) | 3.57 | 6.99 | 2.18 | N/A | ||
S&P Global ex-U.S. Between $500M and $5B Index | 6.73 | 7.89 | 3.57 | 7.90 |
8 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Acorn International®
Top ten holdings (%) (at December 31, 2016) | |
CCL Industries, Inc. (Canada) Global Label Converter | 2.4 |
Hexagon AB, Class B (Sweden) Design, Measurement & Visualization Software & Equipment | 2.1 |
Partners Group Holding AG (Switzerland) Private Markets Asset Management | 2.0 |
Wirecard AG (Germany) Online Payment Processing & Risk Management | 1.8 |
Rightmove PLC (United Kingdom) Internet Real Estate Listings | 1.8 |
Domino’s Pizza Enterprises Ltd. (Australia) Domino’s Pizza Operator in Australia & New Zealand | 1.6 |
Kindred Group PLC (Malta) European Online Gaming Operator | 1.5 |
Zee Entertainment Enterprises Ltd. (India) Indian Programmer of Pay Television Content | 1.5 |
Aalberts Industries NV (Netherlands) Flow Control & Heat Treatment | 1.5 |
MTU Aero Engines AG (Germany) Airplane Engine Components & Services | 1.4 |
Equity sector breakdown (%) (at December 31, 2016) | |
Consumer Discretionary | 22.5 |
Consumer Staples | 3.2 |
Energy | 2.7 |
Financials | 9.0 |
Health Care | 9.6 |
Industrials | 23.4 |
Information Technology | 16.4 |
Materials | 8.1 |
Real Estate | 3.8 |
Telecommunication Services | 1.3 |
Total | 100.0 |
Columbia Acorn Family of Funds | Annual Report 2016 | 9 |
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Columbia Acorn International®
Country breakdown (%) (at December 31, 2016) | |
Australia | 2.3 |
Cambodia | 0.2 |
Canada | 7.5 |
China | 1.7 |
Denmark | 3.1 |
Finland | 0.6 |
France | 2.8 |
Germany | 6.1 |
Hong Kong | 1.4 |
India | 2.2 |
Indonesia | 0.7 |
Italy | 1.3 |
Japan | 22.5 |
Malta | 1.4 |
Mexico | 1.1 |
Netherlands | 2.2 |
New Zealand | 0.6 |
Philippines | 0.5 |
Singapore | 1.3 |
South Africa | 1.2 |
South Korea | 2.6 |
Spain | 3.0 |
Sweden | 4.2 |
Switzerland | 4.5 |
Taiwan | 3.3 |
Thailand | 1.1 |
United Kingdom | 15.2 |
United States(a) | 5.4 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
10 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Acorn International®
year end.
Columbia Acorn Family of Funds | Annual Report 2016 | 11 |
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Columbia Acorn International®
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Columbia Acorn USA®
Average annual total returns (%) (for the period ended December 31, 2016) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 12.70 | 12.48 | 6.34 | 9.92 |
Including sales charges | 6.19 | 11.15 | 5.71 | 9.60 | ||
Class C | Excluding sales charges | 10/16/00 | 11.92 | 11.71 | 5.56 | 9.13 |
Including sales charges | 11.29 | 11.71 | 5.56 | 9.13 | ||
Class I | 09/27/10 | 13.16 | 12.94 | 6.71 | 10.33 | |
Class R4 | 11/08/12 | 12.93 | 12.76 | 6.62 | 10.29 | |
Class R5 | 11/08/12 | 13.09 | 12.85 | 6.66 | 10.31 | |
Class Y | 11/08/12 | 13.18 | 12.90 | 6.69 | 10.32 | |
Class Z | 09/04/96 | 13.00 | 12.77 | 6.62 | 10.29 | |
Russell 2000 Index | 21.31 | 14.46 | 7.07 | 8.59 |
Columbia Acorn Family of Funds | Annual Report 2016 | 13 |
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Columbia Acorn USA®
Top ten holdings (%) (at December 31, 2016) | |
Toro Co. (The) Turf Maintenance Equipment | 2.2 |
LCI Industries RV & Manufactured Home Components | 2.1 |
Camping World Holdings, Inc., Class A RV-centric Retail Stores & Services | 2.1 |
LegacyTexas Financial Group, Inc. Texas Thrift | 2.0 |
Dorman Products, Inc. Aftermarket Auto Parts Distributor | 1.9 |
j2 Global, Inc. Communication Technology & Digital Media | 1.9 |
Papa John’s International, Inc. Franchisor of Pizza Restaurants | 1.8 |
Lakeland Financial Corp. Indiana Bank | 1.8 |
AMN Healthcare Services, Inc. Temporary Healthcare Staffing | 1.8 |
ANSYS, Inc. Simulation Software for Engineers & Designers | 1.7 |
Portfolio breakdown (%) (at December 31, 2016) | |
Common Stocks | 95.7 |
Money Market Funds | 2.0 |
Securities Lending Collateral | 2.3 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2016) | |
Consumer Discretionary | 19.5 |
Consumer Staples | 1.4 |
Energy | 2.5 |
Financials | 15.3 |
Health Care | 25.1 |
Industrials | 16.0 |
Information Technology | 17.9 |
Real Estate | 2.3 |
Total | 100.0 |
14 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Acorn USA®
Columbia Acorn Family of Funds | Annual Report 2016 | 15 |
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Columbia Acorn International SelectSM
Average annual total returns (%) (for the period ended December 31, 2016) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 0.90 | 5.27 | 2.63 | 7.45 |
Including sales charges | -4.89 | 4.03 | 2.02 | 7.10 | ||
Class C | Excluding sales charges | 10/16/00 | 0.15 | 4.45 | 1.82 | 6.63 |
Including sales charges | -0.85 | 4.45 | 1.82 | 6.63 | ||
Class I | 09/27/10 | 1.34 | 5.65 | 3.01 | 7.82 | |
Class R4 | 11/08/12 | 1.15 | 5.55 | 2.95 | 7.79 | |
Class R5 | 11/08/12 | 1.25 | 5.61 | 2.98 | 7.80 | |
Class Y | 11/08/12 | 1.29 | 5.65 | 3.00 | 7.82 | |
Class Z | 11/23/98 | 1.18 | 5.57 | 2.96 | 7.79 | |
MSCI ACWI ex USA Net (USD) | 4.50 | 5.00 | 0.96 | N/A | ||
S&P Developed Ex-U.S. Between $2B and $10B Index | 4.32 | 8.58 | 2.60 | 7.05 |
16 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Acorn International SelectSM
Top ten holdings (%) (at December 31, 2016) | |
CCL Industries, Inc. (Canada) Global Label Converter | 6.0 |
Recruit Holdings Co., Ltd. (Japan) Recruitment & Media Services | 4.9 |
Hexagon AB, Class B (Sweden) Design, Measurement & Visualization Software & Equipment | 4.7 |
Partners Group Holding AG (Switzerland) Private Markets Asset Management | 4.6 |
Aeon Mall Co., Ltd. (Japan) Suburban Shopping Mall Developer, Owner & Operator | 4.1 |
Wirecard AG (Germany) Online Payment Processing & Risk Management | 4.0 |
MTU Aero Engines AG (Germany) Airplane Engine Components & Services | 4.0 |
Naspers Ltd., Class N (South Africa) Media in Africa, China, Russia & Other Emerging Markets | 3.6 |
Hoya Corp. (Japan) Opto-electrical Components & Eyeglass Lenses | 3.6 |
Geberit AG (Switzerland) Plumbing Systems | 3.5 |
Equity sector breakdown (%) (at December 31, 2016) | |
Consumer Discretionary | 17.7 |
Consumer Staples | 4.5 |
Energy | 4.4 |
Financials | 7.6 |
Health Care | 8.4 |
Industrials | 20.1 |
Information Technology | 19.8 |
Materials | 11.4 |
Real Estate | 4.1 |
Telecommunication Services | 2.0 |
Total | 100.0 |
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Columbia Acorn International SelectSM
Country breakdown (%) (at December 31, 2016) | |
Australia | 2.0 |
Canada | 7.5 |
China | 3.0 |
Denmark | 3.0 |
France | 4.8 |
Germany | 7.4 |
India | 2.9 |
Ireland | 2.3 |
Japan | 20.5 |
South Africa | 3.3 |
Spain | 2.0 |
Sweden | 4.3 |
Switzerland | 7.5 |
Taiwan | 2.7 |
Thailand | 2.4 |
United Kingdom | 14.5 |
United States(a) | 9.9 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
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Columbia Acorn International SelectSM
improved growth prospects and on reduced expectations of further stimulus efforts coming from the Bank of Japan. The European Central Bank announced stimulus measures but then hinted at a
possible reversal.
Columbia Acorn Family of Funds | Annual Report 2016 | 19 |
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Columbia Acorn International SelectSM
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Columbia Acorn SelectSM
Average annual total returns (%) (for the period ended December 31, 2016) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 11.54 | 12.08 | 5.14 | 9.40 |
Including sales charges | 5.13 | 10.76 | 4.52 | 9.05 | ||
Class C | Excluding sales charges | 10/16/00 | 10.67 | 11.25 | 4.34 | 8.58 |
Including sales charges | 9.80 | 11.25 | 4.34 | 8.58 | ||
Class I | 09/27/10 | 11.99 | 12.49 | 5.51 | 9.79 | |
Class R4 | 11/08/12 | 11.86 | 12.35 | 5.43 | 9.74 | |
Class R5 | 11/08/12 | 11.96 | 12.43 | 5.47 | 9.76 | |
Class Y | 11/08/12 | 12.02 | 12.47 | 5.49 | 9.77 | |
Class Z | 11/23/98 | 11.88 | 12.40 | 5.45 | 9.75 | |
S&P MidCap 400 Index | 20.74 | 15.33 | 9.16 | 10.40 |
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Columbia Acorn SelectSM
Top ten holdings (%) (at December 31, 2016) | |
HealthSouth Corp. Inpatient Rehabilitation Facilities & Home Health Care | 4.8 |
Liberty Global PLC, Class A Cable TV Franchises Outside of the United States | 4.7 |
JB Hunt Transport Services, Inc. Truck & Intermodal Carrier | 4.6 |
Middleby Corp. (The) Manufacturer of Cooking Equipment | 4.5 |
LKQ Corp. Alternative Auto Parts Distribution | 4.4 |
Vail Resorts, Inc. Ski Resort Operator & Developer | 4.2 |
AMERCO North American Moving & Storage | 3.9 |
Education Realty Trust, Inc. Student Housing | 3.8 |
Robert Half International, Inc. Temporary & Permanent Staffing in Finance, Accounting & Other Professions | 3.7 |
Jones Lang LaSalle, Inc. Real Estate Services | 3.7 |
Portfolio breakdown (%) (at December 31, 2016) | |
Common Stocks | 98.5 |
Money Market Funds | 1.5 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2016) | |
Consumer Discretionary | 20.3 |
Financials | 9.0 |
Health Care | 16.6 |
Industrials | 29.6 |
Information Technology | 11.6 |
Materials | 3.5 |
Real Estate | 9.4 |
Total | 100.0 |
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Columbia Acorn SelectSM
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Columbia Acorn SelectSM
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Columbia Thermostat FundSM
Average annual total returns (%) (for the period ended December 31, 2016) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 03/03/03 | 4.47 | 6.36 | 5.15 | 6.93 |
Including sales charges | -1.52 | 5.11 | 4.53 | 6.49 | ||
Class C | Excluding sales charges | 03/03/03 | 3.69 | 5.56 | 4.37 | 6.14 |
Including sales charges | 2.69 | 5.56 | 4.37 | 6.14 | ||
Class R4 | 11/08/12 | 4.69 | 6.62 | 5.41 | 7.20 | |
Class R5 | 11/08/12 | 4.77 | 6.65 | 5.43 | 7.21 | |
Class Y | 11/08/12 | 4.76 | 6.68 | 5.44 | 7.22 | |
Class Z | 09/25/02 | 4.72 | 6.63 | 5.41 | 7.20 | |
S&P 500 Index | 11.96 | 14.66 | 6.95 | 9.52 | ||
Bloomberg Barclays U.S. Aggregate Bond Index | 2.65 | 2.23 | 4.34 | 4.24 | ||
Blended Benchmark | 7.38 | 8.44 | 5.96 | 7.13 |
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Columbia Thermostat FundSM
Portfolio breakdown (%) (at December 31, 2016) | |
Equity Funds | 9.9 |
Fixed-Income Funds | 89.8 |
Money Market Funds | 0.3 |
Total | 100.0 |
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Columbia Thermostat FundSM
Equity Funds | Weightings in category | 4th quarter performance | 1 year performance |
Columbia Acorn International, Class I Shares | 20% | -8.52% | -2.18% |
Columbia Contrarian Core Fund, Class I Shares | 20% | 1.94% | 8.82% |
Columbia Dividend Income Fund, Class I Shares | 20% | 4.76% | 13.65% |
Columbia Acorn Fund, Class I Shares | 10% | 3.56% | 10.44% |
Columbia Acorn Select, Class I Shares | 10% | 4.41% | 11.99% |
Columbia Large Cap Enhanced Core Fund, Class I Shares | 10% | 3.84% | 9.99% |
Columbia Select Large Cap Growth Fund, Class I Shares | 10% | -8.55% | -8.36% |
Weighted Average Equity Gain/Loss | 100% | -0.11% | 6.41% |
Fixed-Income Funds | Weightings in category | 4th quarter performance | 1 year performance |
Columbia Short Term Bond Fund, Class I Shares | 40% | -0.19% | 1.97% |
Columbia Total Return Bond Fund, Class I Shares | 20% | -2.22% | 5.01% |
Columbia U.S. Government Mortgage Fund, Class I Shares | 20% | -1.48% | 2.40% |
Columbia Income Opportunities Fund, Class I Shares | 10% | 0.57% | 10.66% |
Columbia U.S. Treasury Index Fund, Class I Shares | 10% | -3.82% | 0.88% |
Weighted Average Income Gain/Loss | 100% | -1.14% | 3.62% |
Columbia Acorn Family of Funds | Annual Report 2016 | 27 |
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Columbia Thermostat FundSM
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Columbia Acorn Emerging Markets FundSM
Average annual total returns (%) (for the period ended December 31, 2016) | |||||
Inception | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 08/19/11 | -3.20 | 2.06 | 0.47 |
Including sales charges | -8.73 | 0.87 | -0.63 | ||
Class C | Excluding sales charges | 08/19/11 | -3.92 | 1.32 | -0.25 |
Including sales charges | -4.88 | 1.32 | -0.25 | ||
Class I | 08/19/11 | -2.81 | 2.42 | 0.86 | |
Class R4 | 11/08/12 | -2.91 | 2.37 | 0.80 | |
Class R5 | 11/08/12 | -2.90 | 2.40 | 0.82 | |
Class Y | 06/13/13 | -2.92 | 2.42 | 0.84 | |
Class Z | 08/19/11 | -3.04 | 2.31 | 0.74 | |
MSCI Emerging Markets SMID Cap Index (Net) | 3.51 | 2.10 | -1.17 | ||
S&P Emerging Markets Between $500M and $5B Index | 10.58 | 4.37 | 1.30 |
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Columbia Acorn Emerging Markets FundSM
Top ten holdings (%) (at December 31, 2016) | |
Zee Entertainment Enterprises Ltd. (India) Indian Programmer of Pay Television Content | 5.5 |
Vitasoy International Holdings Ltd. (Hong Kong) Hong Kong Soy Food Brand | 4.2 |
Modetour Network, Inc. (South Korea) Travel Services | 3.4 |
Credit Analysis & Research Ltd. (India) Credit Rating Agency in India | 3.3 |
PT Link Net Tbk (Indonesia) Fixed Broadband & CATV Service Provider | 3.3 |
Koh Young Technology, Inc. (South Korea) Inspection Systems for Printed Circuit Boards | 3.3 |
Samui Airport Property Fund Leasehold (Thailand) Thai Airport Operator | 3.1 |
Amara Raja Batteries Ltd. (India) Indian Maker of Auto & Industrial Batteries, Mostly for the Replacement Market | 3.0 |
Silergy Corp. (Taiwan) Chinese Provider of Analog & Mixed Digital Integrated Circuits | 2.9 |
PT Media Nusantara Citra Tbk (Indonesia) Media Company in Indonesia | 2.9 |
Equity sector breakdown (%) (at December 31, 2016) | |
Consumer Discretionary | 25.9 |
Consumer Staples | 11.0 |
Financials | 18.6 |
Health Care | 3.9 |
Industrials | 9.9 |
Information Technology | 19.2 |
Materials | 1.4 |
Real Estate | 3.1 |
Telecommunication Services | 7.0 |
Total | 100.0 |
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Columbia Acorn Emerging Markets FundSM
Country breakdown (%) (at December 31, 2016) | |
Cambodia | 2.2 |
Cayman Islands | 1.0 |
China | 4.7 |
Finland | 1.3 |
Hong Kong | 5.0 |
India | 16.7 |
Indonesia | 9.3 |
Japan | 0.7 |
Mexico | 6.9 |
Panama | 2.5 |
Philippines | 3.7 |
Poland | 2.2 |
South Africa | 5.8 |
South Korea | 12.5 |
Spain | 1.2 |
Sweden | 1.5 |
Taiwan | 9.6 |
Thailand | 3.9 |
Turkey | 2.5 |
United States(a) | 6.8 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
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Columbia Acorn Emerging Markets FundSM
total underperformance.
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Columbia Acorn Emerging Markets FundSM
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Columbia Acorn European FundSM
Average annual total returns (%) (for the period ended December 31, 2016) | |||||
Inception | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 08/19/11 | -3.47 | 9.23 | 7.54 |
Including sales charges | -9.02 | 7.93 | 6.36 | ||
Class C | Excluding sales charges | 08/19/11 | -4.21 | 8.40 | 6.75 |
Including sales charges | -5.16 | 8.40 | 6.75 | ||
Class I | 08/19/11 | -3.21 | 9.54 | 7.86 | |
Class R4 | 06/25/14 | -3.27 | 9.50 | 7.83 | |
Class R5 | 11/08/12 | -3.23 | 9.49 | 7.82 | |
Class Z | 08/19/11 | -3.29 | 9.47 | 7.81 | |
MSCI AC Europe Small Cap Index (Net) | -1.57 | 12.50 | 9.99 | ||
S&P Europe Between $500M and $5B Index | -0.31 | 12.77 | 10.30 |
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Columbia Acorn European FundSM
Top ten holdings (%) (at December 31, 2016) | |
Kindred Group PLC (Malta) European Online Gaming Operator | 3.9 |
Wirecard AG (Germany) Online Payment Processing & Risk Management | 3.6 |
Partners Group Holding AG (Switzerland) Private Markets Asset Management | 3.2 |
SimCorp AS (Denmark) Software for Investment Managers | 3.2 |
Halma PLC (United Kingdom) Health & Safety Sensor Technology | 3.1 |
Akka Technologies (France) Engineering Consultancy | 3.0 |
Rightmove PLC (United Kingdom) Internet Real Estate Listings | 2.8 |
Sweco AB, Class B (Sweden) Engineering Consultants | 2.6 |
AURELIUS Equity Opportunities SE & Co. KGaA (Germany) European Turnaround Investor | 2.6 |
Tikkurila OYJ (Finland) Decorative & Industrial Paint in Scandinavia, Central & Eastern Europe | 2.5 |
Equity sector breakdown (%) (at December 31, 2016) | |
Consumer Discretionary | 17.2 |
Consumer Staples | 4.1 |
Financials | 9.7 |
Health Care | 9.4 |
Industrials | 24.0 |
Information Technology | 20.4 |
Materials | 9.5 |
Real Estate | 5.7 |
Total | 100.0 |
Columbia Acorn Family of Funds | Annual Report 2016 | 35 |
Table of Contents
Columbia Acorn European FundSM
Country breakdown (%) (at December 31, 2016) | |
Belgium | 1.3 |
Denmark | 4.8 |
Finland | 7.5 |
France | 6.1 |
Germany | 13.4 |
Italy | 3.3 |
Malta | 3.6 |
Netherlands | 3.6 |
Norway | 2.2 |
Poland | 1.6 |
Spain | 5.1 |
Sweden | 7.7 |
Switzerland | 3.9 |
Turkey | 1.1 |
United Kingdom | 26.4 |
United States(a) | 8.4 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
36 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Columbia Acorn European FundSM
possible reversal. While we will continue to closely monitor the macroeconomic factors impacting Europe, our focus remains on owning stocks in companies with solid earnings growth and sound
long-term prospects.
Columbia Acorn Family of Funds | Annual Report 2016 | 37 |
Table of Contents
Table of Contents
Fund | Ordinary income | Short-term capital gain | Long-term capital gain |
Columbia Acorn® Fund | |||
Class A | None | None | 3.92246 |
Class C | None | None | 3.92246 |
Class I | None | None | 3.92246 |
Class R4 | None | None | 3.92246 |
Class R5 | None | None | 3.92246 |
Class Y | None | None | 3.92246 |
Class Z | None | None | 3.92246 |
Columbia Acorn International® | |||
Class A | 0.14692 | None | None |
Class B | None | None | None |
Class C | None | None | None |
Class I | 0.28346 | None | None |
Class R | 0.01428 | None | None |
Class R4 | 0.22104 | None | None |
Class R5 | 0.26396 | None | None |
Class Y | 0.28346 | None | None |
Class Z | 0.24445 | None | None |
Columbia Acorn USA® | |||
Class A | None | None | 4.95032 |
Class C | None | None | 4.95032 |
Class I | None | None | 4.95032 |
Class R4 | None | None | 4.95032 |
Class R5 | None | None | 4.95032 |
Class Y | None | None | 4.95032 |
Class Z | None | None | 4.95032 |
Columbia Acorn International SelectSM | |||
Class A | 0.15970 | None | None |
Class C | None | None | None |
Class I | 0.25415 | None | None |
Class R4 | 0.21551 | None | None |
Class R5 | 0.22839 | None | None |
Class Y | 0.24556 | None | None |
Class Z | 0.22195 | None | None |
Columbia Acorn SelectSM | |||
Class A | None | None | 1.11394 |
Class C | None | None | 1.11394 |
Class I | None | None | 1.11394 |
Class R4 | None | None | 1.11394 |
Class R5 | None | None | 1.11394 |
Class Y | None | None | 1.11394 |
Class Z | None | None | 1.11394 |
38 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Fund | Ordinary income | Short-term capital gain | Long-term capital gain |
Columbia Thermostat FundSM | |||
Class A | 0.02607 | None | None |
Class C | None | None | None |
Class R4 | 0.06235 | None | None |
Class R5 | 0.06380 | None | None |
Class Y | 0.07106 | None | None |
Class Z | 0.06235 | None | None |
Columbia Acorn Emerging Markets FundSM | |||
Class A | 0.07330 | None | None |
Class C | None | None | None |
Class I | 0.11353 | None | None |
Class R4 | 0.10115 | None | None |
Class R5 | 0.11250 | None | None |
Class Y | 0.11353 | None | None |
Class Z | 0.10012 | None | None |
Columbia Acorn European FundSM | |||
Class A | 0.09256 | None | None |
Class C | None | None | None |
Class I | 0.14069 | None | None |
Class R4 | 0.12902 | None | None |
Class R5 | 0.13340 | None | None |
Class Z | 0.12902 | None | None |
Columbia Acorn Family of Funds | Annual Report 2016 | 39 |
Table of Contents
July 1, 2016 — December 31, 2016 | |||||||
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 | |
Columbia Acorn® Fund | |||||||
Class A | 1,000.00 | 1,000.00 | 1,104.70 | 1,019.65 | 5.63 | 5.40 | 1.07 |
Class C | 1,000.00 | 1,000.00 | 1,101.10 | 1,015.90 | 9.56 | 9.17 | 1.82 |
Class I | 1,000.00 | 1,000.00 | 1,106.50 | 1,021.20 | 4.00 | 3.84 | 0.76 |
Class R4 | 1,000.00 | 1,000.00 | 1,105.70 | 1,020.90 | 4.32 | 4.14 | 0.82 |
Class R5 | 1,000.00 | 1,000.00 | 1,106.30 | 1,020.95 | 4.27 | 4.09 | 0.81 |
Class Y | 1,000.00 | 1,000.00 | 1,107.00 | 1,021.20 | 4.00 | 3.84 | 0.76 |
Class Z | 1,000.00 | 1,000.00 | 1,105.80 | 1,020.90 | 4.32 | 4.14 | 0.82 |
40 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
July 1, 2016 — December 31, 2016 | |||||||
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 | |
Columbia Acorn International® | |||||||
Class A | 1,000.00 | 1,000.00 | 989.00 | 1,019.20 | 5.77 | 5.86 | 1.16 |
Class B | 1,000.00 | 1,000.00 | 986.40 | 1,016.85 | 8.09 | 8.22 | 1.63 |
Class C | 1,000.00 | 1,000.00 | 985.00 | 1,015.30 | 9.63 | 9.77 | 1.94 |
Class I | 1,000.00 | 1,000.00 | 990.50 | 1,020.60 | 4.38 | 4.45 | 0.88 |
Class R | 1,000.00 | 1,000.00 | 987.50 | 1,017.65 | 7.30 | 7.41 | 1.47 |
Class R4 | 1,000.00 | 1,000.00 | 990.00 | 1,020.10 | 4.88 | 4.95 | 0.98 |
Class R5 | 1,000.00 | 1,000.00 | 990.20 | 1,020.35 | 4.63 | 4.70 | 0.93 |
Class Y | 1,000.00 | 1,000.00 | 990.30 | 1,020.60 | 4.38 | 4.45 | 0.88 |
Class Z | 1,000.00 | 1,000.00 | 990.00 | 1,020.15 | 4.83 | 4.90 | 0.97 |
Columbia Acorn USA® | |||||||
Class A | 1,000.00 | 1,000.00 | 1,117.80 | 1,018.05 | 7.36 | 7.01 | 1.39 |
Class C | 1,000.00 | 1,000.00 | 1,114.10 | 1,014.30 | 11.31 | 10.78 | 2.14 |
Class I | 1,000.00 | 1,000.00 | 1,120.30 | 1,020.05 | 5.25 | 5.00 | 0.99 |
Class R4 | 1,000.00 | 1,000.00 | 1,119.30 | 1,019.30 | 6.04 | 5.76 | 1.14 |
Class R5 | 1,000.00 | 1,000.00 | 1,120.40 | 1,019.70 | 5.62 | 5.35 | 1.06 |
Class Y | 1,000.00 | 1,000.00 | 1,120.30 | 1,020.00 | 5.30 | 5.05 | 1.00 |
Class Z | 1,000.00 | 1,000.00 | 1,119.70 | 1,019.30 | 6.04 | 5.76 | 1.14 |
Columbia Acorn International SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,028.30 | 1,018.05 | 7.05 | 7.01 | 1.39 |
Class C | 1,000.00 | 1,000.00 | 1,024.60 | 1,014.30 | 10.83 | 10.78 | 2.14 |
Class I | 1,000.00 | 1,000.00 | 1,030.10 | 1,019.90 | 5.18 | 5.15 | 1.02 |
Class R4 | 1,000.00 | 1,000.00 | 1,029.50 | 1,019.30 | 5.78 | 5.76 | 1.14 |
Class R5 | 1,000.00 | 1,000.00 | 1,030.10 | 1,019.65 | 5.43 | 5.40 | 1.07 |
Class Y | 1,000.00 | 1,000.00 | 1,030.50 | 1,019.90 | 5.18 | 5.15 | 1.02 |
Class Z | 1,000.00 | 1,000.00 | 1,029.50 | 1,019.30 | 5.78 | 5.76 | 1.14 |
Columbia Acorn SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,130.40 | 1,019.25 | 6.12 | 5.81 | 1.15 |
Class C | 1,000.00 | 1,000.00 | 1,126.70 | 1,015.50 | 10.10 | 9.57 | 1.90 |
Class I | 1,000.00 | 1,000.00 | 1,132.80 | 1,021.05 | 4.21 | 3.99 | 0.79 |
Class R4 | 1,000.00 | 1,000.00 | 1,131.90 | 1,020.50 | 4.80 | 4.55 | 0.90 |
Class R5 | 1,000.00 | 1,000.00 | 1,132.80 | 1,020.80 | 4.48 | 4.24 | 0.84 |
Class Y | 1,000.00 | 1,000.00 | 1,133.40 | 1,021.05 | 4.21 | 3.99 | 0.79 |
Class Z | 1,000.00 | 1,000.00 | 1,132.60 | 1,020.50 | 4.80 | 4.55 | 0.90 |
Columbia Acorn Emerging Markets FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 956.80 | 1,015.80 | 9.00 | 9.27 | 1.84 |
Class C | 1,000.00 | 1,000.00 | 953.30 | 1,012.05 | 12.65 | 13.03 | 2.59 |
Class I | 1,000.00 | 1,000.00 | 957.90 | 1,017.75 | 7.10 | 7.31 | 1.45 |
Class R4 | 1,000.00 | 1,000.00 | 957.90 | 1,017.05 | 7.78 | 8.02 | 1.59 |
Class R5 | 1,000.00 | 1,000.00 | 958.00 | 1,017.45 | 7.39 | 7.62 | 1.51 |
Class Y | 1,000.00 | 1,000.00 | 957.70 | 1,017.55 | 7.29 | 7.52 | 1.49 |
Class Z | 1,000.00 | 1,000.00 | 957.50 | 1,017.05 | 7.78 | 8.02 | 1.59 |
Columbia Acorn Family of Funds | Annual Report 2016 | 41 |
Table of Contents
July 1, 2016 — December 31, 2016 | |||||||
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 | |
Columbia Acorn European FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,003.80 | 1,016.25 | 8.77 | 8.82 | 1.75 |
Class C | 1,000.00 | 1,000.00 | 999.30 | 1,012.50 | 12.50 | 12.58 | 2.50 |
Class I | 1,000.00 | 1,000.00 | 1,005.10 | 1,017.90 | 7.12 | 7.16 | 1.42 |
Class R4 | 1,000.00 | 1,000.00 | 1,005.00 | 1,017.50 | 7.52 | 7.57 | 1.50 |
Class R5 | 1,000.00 | 1,000.00 | 1,005.20 | 1,017.65 | 7.37 | 7.41 | 1.47 |
Class Z | 1,000.00 | 1,000.00 | 1,004.30 | 1,017.50 | 7.52 | 7.57 | 1.50 |
July 1, 2016 — December 31, 2016 | ||||||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | Effective expenses paid during the period ($) | Fund’s effective annualized expense ratio (%) | |||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | Actual | Hypothetical | Actual | |
Columbia Thermostat FundSM | ||||||||||
Class A | 1,000.00 | 1,000.00 | 1,008.70 | 1,022.50 | 2.51 | 2.53 | 0.50 | 4.97 | 5.01 | 0.99 |
Class C | 1,000.00 | 1,000.00 | 1,004.80 | 1,018.75 | 6.27 | 6.31 | 1.25 | 8.72 | 8.78 | 1.74 |
Class R4 | 1,000.00 | 1,000.00 | 1,009.90 | 1,023.75 | 1.26 | 1.26 | 0.25 | 3.72 | 3.74 | 0.74 |
Class R5 | 1,000.00 | 1,000.00 | 1,010.00 | 1,023.80 | 1.21 | 1.21 | 0.24 | 3.67 | 3.69 | 0.73 |
Class Y | 1,000.00 | 1,000.00 | 1,009.80 | 1,024.05 | 0.95 | 0.96 | 0.19 | 3.42 | 3.44 | 0.68 |
Class Z | 1,000.00 | 1,000.00 | 1,010.00 | 1,023.75 | 1.26 | 1.26 | 0.25 | 3.72 | 3.74 | 0.74 |
42 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Columbia Acorn® Fund, December 31, 2016
Common Stocks 99.1% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 14.4% | ||
Auto Components 3.3% | ||
Cooper-Standard Holding, Inc.(a) Auto Supplier: Sealing, Fuel/Brake Delivery, Fluid Transfer, Anti-Vibrate Systems | 278,980 | 28,840,952 |
Gentex Corp. Manufacturer of Auto Parts | 2,034,222 | 40,053,831 |
LCI Industries RV & Manufactured Home Components | 356,099 | 38,369,667 |
Tenneco, Inc.(a) Auto Parts for Emission Control, Suspension | 840,533 | 52,508,097 |
Total | 159,772,547 | |
Distributors 0.8% | ||
LKQ Corp.(a) Alternative Auto Parts Distribution | 1,317,619 | 40,385,022 |
Diversified Consumer Services 0.5% | ||
Bright Horizons Family Solutions, Inc.(a) Child Care/Preschool Services | 360,017 | 25,208,390 |
Hotels, Restaurants & Leisure 4.0% | ||
Domino’s Pizza, Inc. Franchisor of Pizza Restaurants | 158,399 | 25,223,457 |
Dunkin’ Brands Group, Inc. Franchisor of Quick Service Restaurants | 564,984 | 29,627,761 |
Papa John’s International, Inc. Franchisor of Pizza Restaurants | 440,272 | 37,678,478 |
Popeyes Louisiana Kitchen, Inc.(a) Popeyes Restaurants | 415,745 | 25,144,257 |
Texas Roadhouse, Inc. Rural-focused Full Service Steakhouse | 509,339 | 24,570,513 |
Vail Resorts, Inc. Ski Resort Operator & Developer | 304,645 | 49,142,285 |
Total | 191,386,751 | |
Household Durables 2.6% | ||
Cavco Industries, Inc.(a) Manufactured Homes | 256,459 | 25,607,431 |
iRobot Corp.(a) Home Robots (Vacuums, Pool Cleaners) & Battlefield Reconnaissance Robots | 667,666 | 39,025,078 |
Leggett & Platt, Inc. Designs & Produces Diverse Products for Homes, Offices & Vehicles | 528,700 | 25,842,856 |
NVR, Inc.(a) Homebuilder | 20,200 | 33,713,800 |
Total | 124,189,165 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Internet & Catalog Retail 0.3% | ||
Liberty TripAdvisor Holdings, Inc., Class A(a) Holding Company for Trip Advisor | 1,029,572 | 15,495,059 |
Leisure Products 0.5% | ||
Polaris Industries, Inc.(b) Leisure Vehicles & Related Products | 304,121 | 25,056,529 |
Specialty Retail 1.9% | ||
Five Below, Inc.(a) Low-price Specialty Retailer Targeting Pre-Teens, Teens & Parents | 910,489 | 36,383,141 |
Monro Muffler Brake, Inc. Automotive Services | 446,259 | 25,526,015 |
Ulta Salon Cosmetics & Fragrance, Inc.(a) Specialty Beauty Product Retailer | 110,376 | 28,139,257 |
Total | 90,048,413 | |
Textiles, Apparel & Luxury Goods 0.5% | ||
Hanesbrands, Inc. Apparel Wholesaler | 1,189,520 | 25,657,947 |
Total Consumer Discretionary | 697,199,823 | |
Consumer Staples 1.9% | ||
Food & Staples Retailing 0.5% | ||
US Foods Holding Corp.(a) U.S. Food Distributor | 983,688 | 27,031,746 |
Household Products 1.4% | ||
Spectrum Brands Holdings, Inc. Household Product Brands | 307,067 | 37,563,506 |
WD-40 Co. Manufacturer of Industrial Lubrications | 244,724 | 28,608,236 |
Total | 66,171,742 | |
Total Consumer Staples | 93,203,488 | |
Energy 3.7% | ||
Energy Equipment & Services 1.7% | ||
Oil States International, Inc.(a) Oilfield Service Provider | 589,504 | 22,990,656 |
RPC, Inc.(b) North American Onshore Oil Service | 1,884,243 | 37,326,854 |
ShawCor Ltd. Oil & Gas Pipeline Products | 755,788 | 20,174,611 |
Total | 80,492,121 |
Columbia Acorn Family of Funds | Annual Report 2016 | 43 |
Table of Contents
Columbia Acorn® Fund, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Oil, Gas & Consumable Fuels 2.0% | ||
Carrizo Oil & Gas, Inc.(a) Oil & Gas Producer | 621,033 | 23,195,583 |
Cimarex Energy Co. Oil & Gas Producer in Texas, New Mexico & Oklahoma | 217,317 | 29,533,380 |
Diamondback Energy, Inc.(a) Oil & Gas Producer in Texas | 427,434 | 43,196,480 |
Total | 95,925,443 | |
Total Energy | 176,417,564 | |
Financials 17.0% | ||
Banks 5.2% | ||
Associated Banc-Corp. Midwest Bank | 2,057,675 | 50,824,572 |
BOK Financial Corp.(b) Tulsa-based Southwest Bank | 561,417 | 46,620,068 |
First Republic Bank San Francisco Bank to Affluent | 477,662 | 44,011,777 |
MB Financial, Inc. Chicago Bank | 1,322,056 | 62,440,705 |
SVB Financial Group(a) Bank to Venture Capitalists | 277,068 | 47,561,493 |
Total | 251,458,615 | |
Capital Markets 9.5% | ||
Affiliated Managers Group, Inc.(a) Asset Manager Holding Company | 316,933 | 46,050,365 |
Ares Capital Corp.(b) Business Development Company | 1,383,310 | 22,810,782 |
CBOE Holdings, Inc. Marketplace for Trading Options & Futures | 619,898 | 45,804,263 |
Eaton Vance Corp. Specialty Mutual Funds | 886,117 | 37,110,580 |
Factset Research Systems, Inc. Securities Data Purveyor | 151,270 | 24,722,056 |
Interactive Brokers Group, Inc., Class A Electronic Brokerage & Market Maker | 1,119,868 | 40,886,381 |
Lazard Ltd., Class A Corporate Advisory & Asset Management | 1,887,669 | 77,564,319 |
MarketAxess Holdings, Inc. Bond Exchange | 137,306 | 20,172,997 |
Nasdaq, Inc. Exchange Operator & Data/Market Technology Provider | 527,700 | 35,419,224 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Raymond James Financial, Inc. Full Service Wealth Management | 1,085,796 | 75,213,089 |
SEI Investments Co. Mutual Fund Administration & Investment Management | 687,519 | 33,935,938 |
Total | 459,689,994 | |
Insurance 2.3% | ||
Allied World Assurance Co. Holdings AG Commercial Lines Insurance/Reinsurance | 646,232 | 34,709,121 |
CNO Financial Group, Inc. Life, Long-term Care & Medical Supplement Insurance | 2,005,496 | 38,405,248 |
FNF Group Title Insurance & Related Services | 1,034,935 | 35,146,393 |
Total | 108,260,762 | |
Total Financials | 819,409,371 | |
Health Care 19.8% | ||
Biotechnology 2.8% | ||
Agios Pharmaceuticals, Inc.(a) Biotech Focused on Cancer & Orphan Diseases | 406,598 | 16,967,334 |
Celldex Therapeutics, Inc.(a),(b),(c) Biotech Developing Drugs for Cancer | 6,019,590 | 21,309,349 |
Genomic Health, Inc.(a) Cancer Diagnostics | 913,915 | 26,859,962 |
Seattle Genetics, Inc.(a) Antibody-based Therapies for Cancer | 618,581 | 32,642,519 |
Ultragenyx Pharmaceutical, Inc.(a) Biotech Focused on "Ultra-Orphan" Drugs | 568,212 | 39,950,986 |
Total | 137,730,150 | |
Health Care Equipment & Supplies 8.3% | ||
ABIOMED, Inc.(a) Medical Devices for Cardiac Conditions | 237,094 | 26,715,752 |
Align Technology, Inc.(a) Invisalign System to Correct Malocclusion (Crooked Teeth) | 1,215,648 | 116,860,242 |
Dentsply Sirona, Inc. Dental Supplies Manufacturer | 501,890 | 28,974,110 |
Endologix, Inc.(a),(c) Minimally Invasive Treatment of Abdominal Aortic Aneurysm | 4,661,700 | 26,664,924 |
IDEXX Laboratories, Inc.(a) Diagnostic Equipment & Services for Veterinarians | 178,166 | 20,893,527 |
LivaNova PLC(a) Neuromodulation & Cardiac Devices | 742,066 | 33,370,708 |
44 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Columbia Acorn® Fund, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Masimo Corp.(a) Pulse Oximetry Monitors (Blood Oxygen Levels) | 584,652 | 39,405,545 |
ResMed, Inc. Medical Devices for Sleep Apnea Treatment | 666,609 | 41,363,088 |
Varian Medical Systems, Inc.(a) Radiation Therapy Systems, Software & Services to Treat Cancer | 323,900 | 29,079,742 |
West Pharmaceutical Services, Inc. Components & Systems for Injectable Drug Delivery | 436,061 | 36,991,055 |
Total | 400,318,693 | |
Health Care Providers & Services 3.7% | ||
Centene Corp.(a) Managed Care Organization | 744,943 | 42,096,729 |
HealthSouth Corp. Inpatient Rehabilitation Facilities & Home Health Care | 1,810,686 | 74,672,691 |
Mednax, Inc.(a) Physician Management for Pediatric & Anesthesia Practices | 428,637 | 28,572,942 |
VCA, Inc.(a) Animal Hospitals & Laboratory Services | 456,000 | 31,304,400 |
Total | 176,646,762 | |
Health Care Technology 0.5% | ||
Medidata Solutions, Inc.(a) Cloud-based Software for Drug Studies | 520,666 | 25,861,480 |
Life Sciences Tools & Services 4.2% | ||
Agilent Technologies, Inc. Provider of Systems, Consumables & Services for Life Science Labs | 571,835 | 26,052,803 |
Bio-Techne Corp. Maker of Consumables & Systems for the Life Science Market | 352,757 | 36,274,002 |
Mettler-Toledo International, Inc.(a) Laboratory Equipment | 46,514 | 19,468,900 |
Pra Health Sciences, Inc.(a) Contract Research Organization | 1,141,768 | 62,934,252 |
Quintiles IMS Holdings, Inc.(a) Contract Research Organization | 261,273 | 19,869,812 |
VWR Corp.(a) Distributor of Lab Supplies | 1,540,319 | 38,554,184 |
Total | 203,153,953 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Pharmaceuticals 0.3% | ||
Akorn, Inc.(a) Developer, Manufacturer & Distributor of Specialty Generic Drugs | 656,493 | 14,331,242 |
Total Health Care | 958,042,280 | |
Industrials 19.4% | ||
Aerospace & Defense 1.1% | ||
HEICO Corp., Class A FAA-Approved Aircraft Replacement Parts | 806,242 | 54,743,832 |
Air Freight & Logistics 0.5% | ||
Expeditors International of Washington, Inc. International Freight Forwarder | 451,553 | 23,914,247 |
Commercial Services & Supplies 3.0% | ||
Cintas Corp. Provider of Rental Uniforms & Floor Mats | 429,202 | 49,598,583 |
Ritchie Bros. Auctioneers, Inc. Heavy Equipment Auctioneer | 785,300 | 26,700,200 |
Rollins, Inc. Pest Control & Wildlife Removal Services | 734,562 | 24,813,505 |
Unifirst Corp. Uniform Rental | 298,808 | 42,923,769 |
Total | 144,036,057 | |
Electrical Equipment 1.7% | ||
Acuity Brands, Inc. Commercial Lighting Fixtures | 219,011 | 50,560,880 |
Generac Holdings, Inc.(a) Standby Power Generators | 745,364 | 30,366,129 |
Total | 80,927,009 | |
Industrial Conglomerates 1.1% | ||
Carlisle Companies, Inc. industrial Conglomerate | 466,606 | 51,461,976 |
Machinery 5.5% | ||
Graco, Inc. Manufacturer of Dispensing Equipment | 335,160 | 27,848,444 |
Middleby Corp. (The)(a) Manufacturer of Cooking Equipment | 178,951 | 23,050,678 |
Nordson Corp. Dispensing Systems for Adhesives & Coatings | 258,666 | 28,983,525 |
Oshkosh Corp. Specialty Truck Manufacturer | 442,915 | 28,616,738 |
Snap-On, Inc. Tools | 205,185 | 35,142,035 |
Columbia Acorn Family of Funds | Annual Report 2016 | 45 |
Table of Contents
Columbia Acorn® Fund, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Toro Co. (The) Turf Maintenance Equipment | 1,248,869 | 69,874,221 |
WABCO Holdings, Inc.(a) Truck & Bus Component Supplier | 220,212 | 23,375,504 |
Wabtec Corp. Freight & Transit Component Supplier | 361,756 | 30,032,983 |
Total | 266,924,128 | |
Professional Services 3.6% | ||
ManpowerGroup, Inc. Global Temporary Staffing Provider | 263,282 | 23,397,871 |
Navigant Consulting, Inc.(a) Financial Consulting Firm | 1,275,977 | 33,405,078 |
Robert Half International, Inc. Temporary & Permanent Staffing in Finance, Accounting & Other Professions | 698,463 | 34,071,025 |
Wageworks, Inc.(a) Healthcare Consumer Directed Benefits & Commuter Account Management | 1,102,275 | 79,914,938 |
Total | 170,788,912 | |
Road & Rail 2.2% | ||
AMERCO North American Moving & Storage | 127,482 | 47,116,072 |
JB Hunt Transport Services, Inc. Truck & Intermodal Carrier | 244,513 | 23,734,877 |
Old Dominion Freight Line, Inc.(a) LTL Trucker | 428,717 | 36,779,632 |
Total | 107,630,581 | |
Trading Companies & Distributors 0.7% | ||
Watsco, Inc. HVAC Distribution | 230,729 | 34,175,579 |
Total Industrials | 934,602,321 | |
Information Technology 14.9% | ||
Electronic Equipment, Instruments & Components 1.5% | ||
CDW Corp. Value Added Reseller of IT Products & Services | 903,618 | 47,069,462 |
IPG Photonics Corp.(a) Fiber Lasers | 243,502 | 24,036,082 |
Total | 71,105,544 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Internet Software & Services 3.8% | ||
GoDaddy, Inc., Class A(a) Website Management for Small- & Medium-sized Companies | 1,392,539 | 48,669,238 |
NIC, Inc. Government Web Portal Development & Management Outsourcing | 850,201 | 20,319,804 |
Nutanix, Inc., Class A(a),(b),(c) Software Company Selling Hyper-converged Infrastructure Appliances | 898,090 | 23,853,270 |
Quotient Technology, Inc.(a) Allows CPGs to Digitally Distribute Coupons, Advertising & Trade Promotion | 3,270,726 | 35,160,305 |
SPS Commerce, Inc.(a) Supply Chain Management Software Delivered via the Web | 322,646 | 22,549,729 |
VeriSign, Inc.(a) Internet Domain Registry for .COM/.NET | 407,370 | 30,988,636 |
Total | 181,540,982 | |
IT Services 4.8% | ||
Booz Allen Hamilton Holdings Corp. IT Consulting for US Government | 991,752 | 35,772,495 |
Broadridge Financial Solutions, Inc. Proxy & Mutual Fund Interim Processing & Distribution & Trade Processing | 483,155 | 32,033,176 |
CoreLogic, Inc.(a) Data Processing Services for Real Estate, Insurance & Mortgages | 753,281 | 27,743,339 |
ExlService Holdings, Inc.(a) Business Process Outsourcing | 544,055 | 27,442,134 |
Gartner, Inc.(a) IT Research & Consulting Services | 209,456 | 21,169,718 |
Global Payments, Inc. Credit Card Processor | 277,070 | 19,231,429 |
Vantiv, Inc., Class A(a) Credit Card Processor | 1,132,668 | 67,529,666 |
Total | 230,921,957 | |
Semiconductors & Semiconductor Equipment 0.7% | ||
MACOM Technology Solutions Holdings, Inc.(a) Radio Frequency, Microwave & Millimeterwave Semiconductors | 396,265 | 18,339,144 |
Monolithic Power Systems, Inc. High Performance Analog & Mixed Signal Integrated Circuits | 218,097 | 17,868,687 |
Total | 36,207,831 |
46 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Columbia Acorn® Fund, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Software 4.1% | ||
ANSYS, Inc.(a) Simulation Software for Engineers & Designers | 497,378 | 46,002,491 |
Cadence Design Systems, Inc.(a) Electronic Design Automation Software | 888,973 | 22,419,899 |
Manhattan Associates, Inc.(a) Supply Chain Management Software & Services | 557,613 | 29,570,218 |
Qualys, Inc.(a) Security Software Delivered Via the Cloud | 785,208 | 24,851,833 |
Synopsys, Inc.(a) Software for Designing Semiconductor Chips | 580,988 | 34,196,954 |
Ultimate Software Group, Inc. (The)(a) Human Capital Management Systems | 229,549 | 41,858,260 |
Total | 198,899,655 | |
Total Information Technology | 718,675,969 | |
Materials 1.8% | ||
Chemicals 1.8% | ||
Axalta Coating Systems Ltd.(a) Global Manufacturer of High Performance Coatings | 728,164 | 19,806,061 |
Celanese Corp., Class A Commodity & Specialty Chemicals Provider | 494,776 | 38,958,662 |
International Flavors & Fragrances, Inc. Flavors & Fragrances | 238,514 | 28,104,105 |
Total | 86,868,828 | |
Total Materials | 86,868,828 | |
Real Estate 4.6% | ||
Equity Real Estate Investment Trusts (REITS) 3.4% | ||
Education Realty Trust, Inc. Student Housing | 1,963,102 | 83,039,215 |
Equity LifeStyle Properties, Inc. Manufactured Home & RV Communities | 334,424 | 24,111,970 |
Federal Realty Investment Trust Shopping Centers & Mixed Use Projects | 133,829 | 19,018,439 |
Lamar Advertising Co., Class A Outdoor Advertising | 582,481 | 39,166,022 |
Total | 165,335,646 | |
Real Estate Management & Development 1.2% | ||
Jones Lang LaSalle, Inc. Real Estate Services | 569,595 | 57,551,879 |
Total Real Estate | 222,887,525 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Telecommunication Services 1.6% | ||
Diversified Telecommunication Services 1.0% | ||
SBA Communications Corp., Class A(a) Communications Towers | 287,988 | 29,737,641 |
Zayo Group Holdings, Inc.(a) Fiber Optic Data Communications | 620,864 | 20,401,591 |
Total | 50,139,232 | |
Wireless Telecommunication Services 0.6% | ||
Boingo Wireless, Inc.(a),(c) Wi-Fi & Cellular Communications Networks | 2,180,974 | 26,586,073 |
Total Telecommunication Services | 76,725,305 | |
Total Common Stocks (Cost: $3,369,081,521) | 4,784,032,474 | |
Securities Lending Collateral 2.1% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, (7 day yield of 0.450%)(d) | 101,389,775 | 101,389,775 |
Total Securities Lending Collateral (Cost: $101,389,775) | 101,389,775 | |
Money Market Funds 0.4% | ||
JPMorgan U.S. Government Money Market Fund, IM Shares (7 day yield of 0.445%) | 18,674,370 | 18,674,369 |
Total Money Market Funds (Cost: $18,674,369) | 18,674,369 | |
Total Investments (Cost $3,489,145,665) | 4,904,096,618 | |
Obligation to Return Collateral for Securities Loaned | (101,389,775) | |
Other Assets & Liabilities, Net | 26,026,913 | |
Net Assets | $4,828,733,756 |
Columbia Acorn Family of Funds | Annual Report 2016 | 47 |
Table of Contents
Columbia Acorn® Fund, December 31, 2016
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2016. The total market value of securities on loan at December 31, 2016 was $99,397,696. |
(c) | An affiliated person of the Fund, as defined in the Investment Company Act of 1940, may include any company in which the Fund owns five percent or more of its outstanding voting shares. Holdings and transactions in these affiliated companies during the year ended December 31, 2016, are as follows. The aggregate cost and value of these companies at December 31, 2016, was $96,668,256 and $98,413,616, respectively. Investments in affiliated companies represented 2.04% of the Fund’s total net assets at December 31, 2016. |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Value ($) | Dividend — affiliated issuers ($) | Realized Gain (Loss) ($) |
Bankrate, Inc. 1 | 7,126,562 | — | 7,126,562 | — | — | — | (31,270,348) |
Boingo Wireless, Inc. | 2,727,319 | 647,886 | 1,194,231 | 2,180,974 | 26,586,073 | — | (2,096,916) |
Celldex Therapeutics, Inc. | 2,428,687 | 7,211,337 | 3,620,434 | 6,019,590 | 21,309,349 | — | (36,557,425) |
Endologix, Inc. | — | 4,661,700 | — | 4,661,700 | 26,664,924 | — | — |
Fiesta Restaurant Group, Inc. 1 | 1,453,484 | 516,572 | 1,970,056 | — | — | — | (22,872,677) |
Gaiam, Inc. 1 | 1,893,824 | — | 1,893,824 | — | — | — | (2,811,143) |
Hackett Group, Inc. (The) 1 | 1,899,313 | — | 1,899,313 | — | — | — | 22,429,669 |
Kirkland Lake Gold, Inc. 1 | 5,119,843 | — | 5,119,843 | — | — | — | (3,585,606) |
ShaMaran Petroleum Corp. 1 | 90,046,000 | — | 90,046,000 | — | — | — | (16,605,419) |
Nutanix, Inc., Class A | — | 910,900 | 12,810 | 898,090 | 23,853,270 | — | 156,452 |
Quotient Technology, Inc. 1 | 4,634,954 | 2,754,119 | 4,118,347 | 3,270,726 | 35,160,305 | — | 694,899 |
Vonage Holdings Corp. 1 | 13,576,409 | — | 13,576,409 | — | — | — | 9,289,144 |
Total of Affiliated Transactions | 130,906,395 | 16,702,514 | 130,577,829 | 17,031,080 | 133,573,921 | — | (83,229,370) |
1 | At December 31, 2016, the Fund owned less than five percent of the company’s outstanding voting shares. |
(d) | Investment made with cash collateral received from securities lending activity. |
• | Level 1 – quoted prices in active markets for identical securities |
• | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
• | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
48 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Columbia Acorn® Fund, December 31, 2016
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2016:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Consumer Discretionary | 697,199,823 | — | — | 697,199,823 |
Consumer Staples | 93,203,488 | — | — | 93,203,488 |
Energy | 176,417,564 | — | — | 176,417,564 |
Financials | 819,409,371 | — | — | 819,409,371 |
Health Care | 958,042,280 | — | — | 958,042,280 |
Industrials | 934,602,321 | — | — | 934,602,321 |
Information Technology | 718,675,969 | — | — | 718,675,969 |
Materials | 86,868,828 | — | — | 86,868,828 |
Real Estate | 222,887,525 | — | — | 222,887,525 |
Telecommunication Services | 76,725,305 | — | — | 76,725,305 |
Total Common Stocks | 4,784,032,474 | — | — | 4,784,032,474 |
Securities Lending Collateral | 101,389,775 | — | — | 101,389,775 |
Money Market Funds | 18,674,369 | — | — | 18,674,369 |
Total Investments | 4,904,096,618 | — | — | 4,904,096,618 |
Columbia Acorn Family of Funds | Annual Report 2016 | 49 |
Table of Contents
Columbia Acorn International®, December 31, 2016
Common Stocks 98.4% | ||
Issuer | Shares | Value ($) |
Australia 2.3% | ||
Amcor Ltd. Flexible & Rigid Packaging | 2,475,208 | 26,640,219 |
Domino’s Pizza Enterprises Ltd. Domino’s Pizza Operator in Australia & New Zealand | 1,565,257 | 73,196,564 |
Sirtex Medical Ltd. Selective Internal Radiation Therapy Biotech Company | 891,207 | 9,084,143 |
Total | 108,920,926 | |
Cambodia 0.2% | ||
NagaCorp Ltd. Casino & Entertainment Complex in Cambodia | 19,028,000 | 10,967,291 |
Canada 7.7% | ||
Boardwalk Real Estate Investment Trust(a) Canadian Residential REIT | 1,053,355 | 38,167,594 |
CAE, Inc. Flight Simulator Equipment & Training Centers | 2,241,934 | 31,358,523 |
CCL Industries, Inc. Global Label Converter | 569,444 | 111,882,715 |
PrairieSky Royalty Ltd.(a) Canadian Owner of Oil & Gas Mineral Interests | 1,929,380 | 45,897,588 |
ShawCor Ltd. Oil & Gas Pipeline Products | 1,157,567 | 30,899,491 |
Tahoe Resources, Inc. Silver & Gold Projects in Guatemala, Canada & Peru | 3,151,582 | 29,693,153 |
Uni-Select, Inc. Distribution of Automotive Paint & Replacement Parts in North America | 1,131,748 | 24,857,743 |
Vermilion Energy, Inc. Canadian Exploration & Production Company | 1,119,195 | 47,088,464 |
Total | 359,845,271 | |
China 1.8% | ||
China Medical System Holdings Ltd. Pharmaceutical & Medical Products | 18,726,000 | 29,564,301 |
Shenzhou International Group Holdings Ltd. High-quality Apparel Manufacturer of Sportswear | 3,018,000 | 19,027,516 |
TravelSky Technology Ltd., Class H Chinese Air Travel Transaction Processor | 16,203,000 | 33,957,955 |
Vipshop Holdings Ltd., ADR(b) Internet Discount Retailer | 78,527 | 864,582 |
Total | 83,414,354 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Denmark 3.2% | ||
Novozymes AS, Class B Industrial Enzymes | 1,453,477 | 50,112,800 |
SimCorp AS Software for Investment Managers | 932,367 | 45,440,102 |
William Demant Holding AS(b) Manufacture & Distribution of Hearing Aids & Diagnostic Equipment | 2,966,887 | 51,587,076 |
Total | 147,139,978 | |
Finland 0.7% | ||
Konecranes OYJ Manufacture & Service of Industrial Cranes & Port Handling Equipment | 881,236 | 31,335,458 |
France 2.9% | ||
Elior Group(c) Contract Caterer & Travel Concessionary | 1,920,770 | 43,915,654 |
Eurofins Scientific SE Food, Pharmaceuticals & Materials Screening & Testing | 76,908 | 32,787,681 |
Legrand SA Electrical Components | 996,387 | 56,585,306 |
Total | 133,288,641 | |
Germany 6.3% | ||
Fielmann AG Retail Optician Chain | 621,901 | 41,040,688 |
MTU Aero Engines AG Airplane Engine Components & Services | 551,920 | 63,663,898 |
Rational AG Commercial Ovens | 58,610 | 26,139,621 |
Stroeer SE & Co. KGaA(a) Out of Home & Online Advertising | 884,049 | 38,749,688 |
Wirecard AG(a) Online Payment Processing & Risk Management | 1,968,514 | 84,464,042 |
Zalando SE(b) Online Platform for Apparel Sales | 986,618 | 37,584,475 |
Total | 291,642,412 | |
Hong Kong 1.4% | ||
Samsonite International SA Mass Market Luggage & Travel Accessories | 12,545,600 | 35,712,039 |
Value Partners Group Ltd. Mutual Fund Management | 37,198,000 | 29,384,688 |
Total | 65,096,727 |
50 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Columbia Acorn International®, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
India 2.3% | ||
TVS Motor Co., Ltd. Indian Maker of Scooters, Mopeds, Motorcycles & Three-wheelers | 6,268,373 | 33,192,998 |
United Breweries Ltd. Indian Brewer | 450,000 | 5,160,170 |
Zee Entertainment Enterprises Ltd. Indian Programmer of Pay Television Content | 10,025,681 | 66,733,383 |
Total | 105,086,551 | |
Indonesia 0.7% | ||
PT Matahari Department Store Tbk Department Store Chain in Indonesia | 30,377,500 | 34,002,861 |
Italy 1.3% | ||
Brembo SpA High Performance Auto Braking Systems Supplier | 1,024,269 | 61,996,338 |
Japan 23.3% | ||
Aeon Credit Service Co., Ltd. Diversified Consumer-related Finance Company in Japan | 2,197,900 | 38,929,506 |
Aeon Mall Co., Ltd. Suburban Shopping Mall Developer, Owner & Operator | 4,309,000 | 60,553,580 |
Aica Kogyo Co., Ltd. Laminated Sheets, Building Materials & Chemical Adhesives | 1,169,100 | 30,776,644 |
Asahi Intecc Co., Ltd. Medical Guidewires for Surgery | 845,200 | 34,162,708 |
ASKUL Corp.(a) Online & Mail Order Distribution to Businesses and Consumers | 663,500 | 22,649,453 |
Bandai Namco Holdings, Inc. Branded Toys & Related Content | 854,800 | 23,528,334 |
CyberAgent, Inc. Mobile Advertising, Gaming & Media | 1,269,000 | 31,244,929 |
DIP Corp. Mobile Temporary Job Information Provider | 1,752,000 | 36,101,785 |
Disco Corp. Semiconductor Dicing & Grinding Equipment | 370,900 | 44,842,215 |
FamilyMart UNY Holdings Co., Ltd. Convenience Store Operator | 936,500 | 62,314,740 |
Glory Ltd. Currency Handling Systems & Related Equipment | 1,172,300 | 36,941,903 |
Hikari Tsushin, Inc. Office IT/Mobiles/Insurance Distribution | 577,700 | 53,777,007 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hoshizaki Corp. Commercial Kitchen Equipment | 324,800 | 25,714,145 |
Japan Airport Terminal Co., Ltd.(a) Airport Terminal Operator at Haneda | 554,300 | 20,029,106 |
Makita Corp. Power Tools | 346,800 | 23,172,794 |
MonotaRO Co., Ltd(a) Online Maintenance, Repair & Operations Goods Distributor in Japan | 1,126,400 | 22,968,915 |
NGK Insulators Ltd. Ceramic Products for Auto, Power & Electronics | 2,150,000 | 41,617,260 |
NGK Spark Plug Co., Ltd. Automobile Parts | 1,587,400 | 35,184,326 |
NOF Corp. Specialty Chemicals, Life Science & Rocket Fuels | 3,467,000 | 33,258,487 |
Obic Co., Ltd. Computer Software | 495,300 | 21,602,979 |
Omron Corp. Electric Components for Factory Automation | 600,000 | 22,928,978 |
OSG Corp.(a) Consumable Cutting Tools | 1,128,300 | 22,154,134 |
Otsuka Corp. One-stop IT Services & Office Supplies Provider | 583,500 | 27,216,929 |
Recruit Holdings Co., Ltd. Recruitment & Media Services | 754,300 | 30,229,619 |
Santen Pharmaceutical Co., Ltd. Specialty Pharma (Ophthalmic Medicine) | 2,927,300 | 35,716,925 |
Sekisui Chemical Co., Ltd. Housing, Infrastructure & Functional Plastics | 3,147,500 | 50,103,612 |
Seria Co., Ltd. 100 Yen Discount Stores | 189,100 | 12,844,038 |
Seven Bank Ltd. ATM Processing Services | 11,500,000 | 32,882,817 |
Sohgo Security Services Co., Ltd. Home & Office Security Services in Japan | 830,400 | 31,873,844 |
Sony Financial Holdings, Inc. Life Insurance, Assurance & Internet Banking | 2,200,000 | 34,294,551 |
Suruga Bank Ltd. Regional Bank | 1,072,900 | 23,955,174 |
Temp Holdings Co., Ltd. Temporary Staffing & Recruiting Agency Services in Japan | 1,784,300 | 27,593,708 |
Ushio, Inc. Industrial Light Sources | 2,613,100 | 33,235,285 |
Total | 1,084,400,430 |
Columbia Acorn Family of Funds | Annual Report 2016 | 51 |
Table of Contents
Columbia Acorn International®, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Malta 1.5% | ||
Kindred Group PLC European Online Gaming Operator | 7,374,685 | 69,249,479 |
Mexico 1.2% | ||
Grupo Aeroportuario del Sureste SAB de CV, ADR Mexican Airport Operator | 384,900 | 55,383,261 |
Netherlands 2.3% | ||
Aalberts Industries NV Flow Control & Heat Treatment | 2,044,797 | 66,338,707 |
Gemalto NV Digital Security Solutions | 717,797 | 41,496,965 |
Total | 107,835,672 | |
New Zealand 0.7% | ||
Auckland International Airport Ltd. Auckland Airport Operator | 7,017,369 | 30,437,837 |
Philippines 0.5% | ||
Universal Robina Corp. Branded Consumer Food Manufacturer in the Philippines | 6,840,000 | 22,467,369 |
Singapore 1.3% | ||
Mapletree Commercial Trust Retail & Office Property Landlord | 24,421,300 | 23,524,990 |
Singapore Exchange Singapore Equity & Derivatives Market Operator | 7,714,200 | 38,040,336 |
Total | 61,565,326 | |
South Africa 1.2% | ||
Coronation Fund Managers Ltd. South African Fund Manager | 5,340,119 | 27,314,984 |
Rand Merchant Investment Holdings Ltd. Directly Sold Property & Casualty Insurance; Holdings in Other Insurers | 10,612,584 | 30,633,349 |
Total | 57,948,333 | |
South Korea 2.6% | ||
KEPCO Plant Service & Engineering Co., Ltd. Power Plant & Grid Maintenance | 763,018 | 34,191,244 |
Korea Investment Holdings Co., Ltd. Brokerage & Asset Management | 1,071,000 | 37,115,399 |
Medy-Tox, Inc. Botulinum Toxin ("Botox") & Dermal Fillers | 96,199 | 28,310,825 |
Yuhan Corp. Pharmaceutical Manufacturing & Distribution | 141,799 | 23,398,293 |
Total | 123,015,761 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Spain 3.1% | ||
Bolsas y Mercados Españoles SHMSF SA Spanish Stock Markets | 948,207 | 27,942,663 |
Distribuidora Internacional de Alimentacion SA Discount Retailer in Spain & Latin America | 4,972,329 | 24,417,189 |
Prosegur Cia de Seguridad SA, Registered Shares Security Guards | 10,061,099 | 62,909,471 |
Viscofan SA Sausage Casings Maker | 609,424 | 30,054,764 |
Total | 145,324,087 | |
Sweden 4.3% | ||
Hexagon AB, Class B Design, Measurement & Visualization Software & Equipment | 2,636,121 | 94,182,314 |
Millicom International Cellular SA, SDR Telecoms Operator in Latin America & Africa | 826,173 | 35,302,741 |
Sweco AB, Class B Engineering Consultants | 1,312,822 | 25,966,514 |
Trelleborg AB, Class B Manufacturer of Sealing, Dampening & Protective Solutions for Industry | 2,296,587 | 45,197,687 |
Total | 200,649,256 | |
Switzerland 4.7% | ||
Actelion Ltd., Registered Shares Swiss Orphan Drug Company | 98,965 | 21,429,620 |
Geberit AG Plumbing Systems | 132,852 | 53,255,609 |
Givaudan SA Fragrances & Flavors | 27,631 | 50,632,865 |
Partners Group Holding AG(a) Private Markets Asset Management | 199,766 | 93,624,986 |
Total | 218,943,080 | |
Taiwan 3.4% | ||
Advantech Co., Ltd. Industrial PC & Components | 2,922,686 | 23,046,818 |
Far EasTone Telecommunications Co., Ltd. Mobile Operator in Taiwan | 10,143,000 | 22,801,917 |
Largan Precision Co., Ltd. Mobile Device Camera Lenses & Modules | 405,000 | 47,207,368 |
PChome Online, Inc. Taiwanese E-commerce Company | 2,319,844 | 20,305,278 |
Silergy Corp. Chinese Provider of Analog & Mixed Digital Integrated Circuits | 1,496,000 | 20,956,368 |
52 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Columbia Acorn International®, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
St. Shine Optical Co., Ltd. Disposable Contact Lens Original Equipment Manufacturer | 388,000 | 7,406,682 |
Vanguard International Semiconductor Corp. Semiconductor Foundry | 9,170,352 | 15,890,166 |
Total | 157,614,597 | |
Thailand 1.1% | ||
Airports of Thailand PCL Airport Operator of Thailand | 2,520,200 | 27,986,094 |
Home Product Center PCL, Foreign Registered Shares Home Improvement Retailer | 82,081,700 | 23,327,798 |
Total | 51,313,892 | |
United Kingdom 15.8% | ||
Abcam PLC Online Sales of Antibodies | 5,818,756 | 54,935,510 |
Croda International PLC Oleo-chemicals & Industrial Chemicals | 1,031,317 | 40,561,242 |
Domino’s Pizza Group PLC Pizza Delivery in the UK, Ireland & Switzerland | 7,209,146 | 31,992,110 |
DS Smith PLC Packaging | 5,663,564 | 28,440,099 |
Halma PLC Health & Safety Sensor Technology | 5,582,860 | 61,765,872 |
Kingfisher PLC European DIY Retailer | 9,537,000 | 41,089,099 |
LivaNova PLC(b) Neuromodulation & Cardiac Devices | 929,961 | 41,820,346 |
Micro Focus International PLC Legacy Software Provider | 1,019,000 | 27,366,316 |
Next PLC Clothes & Home Retailer in the UK | 623,800 | 38,267,420 |
Ocado Group PLC(a),(b) Online Grocery Retailer | 9,295,866 | 30,255,886 |
PureCircle Ltd.(b) Natural Sweeteners | 641,557 | 1,976,637 |
Rentokil Initial PLC Pest Control, Washroom & Workwear Service Provider | 20,513,830 | 56,121,344 |
Rightmove PLC Internet Real Estate Listings | 1,685,065 | 80,944,461 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Shaftesbury PLC London Prime Retail REIT | 4,740,158 | 53,069,388 |
Smith & Nephew PLC Medical Equipment & Supplies | 2,848,399 | 42,752,242 |
Spirax-Sarco Engineering PLC Steam Systems & Pumps for Manufacturing & Process Industries | 588,262 | 30,274,559 |
WH Smith PLC Newsprint, Books & General Stationery Retailer | 2,401,564 | 46,015,914 |
Wolseley PLC Distributor of Plumbing, HVAC & Waterworks Equipment | 423,000 | 25,822,531 |
Total | 733,470,976 | |
United States 0.6% | ||
Ultragenyx Pharmaceutical, Inc.(b) Biotech Focused on "Ultra-Orphan" Drugs | 376,087 | 26,442,677 |
Total Common Stocks (Cost: $3,715,473,324) | 4,578,798,841 | |
Securities Lending Collateral 3.7% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, (7 day yield of 0.450%)(d) | 169,508,371 | 169,508,371 |
Total Securities Lending Collateral (Cost: $169,508,371) | 169,508,371 | |
Money Market Funds 1.4% | ||
JPMorgan U.S. Government Money Market Fund, IM Shares (7 day yield of 0.445%) | 66,479,974 | 66,479,974 |
Total Money Market Funds (Cost: $66,479,974) | 66,479,974 | |
Total Investments (Cost: $3,951,461,669) | 4,814,787,186 (e) | |
Obligation to Return Collateral for Securities Loaned | (169,508,371) | |
Other Assets & Liabilities, Net | 7,659,351 | |
Net Assets | $4,652,938,166 |
Columbia Acorn Family of Funds | Annual Report 2016 | 53 |
Table of Contents
Columbia Acorn International®, December 31, 2016
(a) | All or a portion of this security was on loan at December 31, 2016. The total market value of securities on loan at December 31, 2016 was $162,723,470. |
(b) | Non-income producing security. |
(c) | Represents privately placed and other securities and instruments exempt from SEC registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. The Fund may invest in private placements determined to be liquid as well as those determined to be illiquid. Private placements may be determined to be liquid under guidelines established by the Fund’s Board of Trustees. At December 31, 2016, the value of these securities amounted to $43,915,654 or 0.94% of net assets. |
(d) | Investment made with cash collateral received from securities lending activity. |
(e) | An affiliated person of the Fund, as defined in the Investment Company Act of 1940, may include any company in which the Fund owns five percent or more of its outstanding voting shares. Holdings and transactions in these affiliated companies during the year ended December 31, 2016, are as follows. At December 31, 2016, the Fund did not hold any investments in affiliated companies. |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Value ($) | Dividend — affiliated issuers ($) | Realized Gain (Loss) ($) |
Spotless Group Holdings Ltd. 1 | 63,000,000 | — | (63,000,000) | — | — | 1,686,164 | (40,493,220) |
1 | At December 31, 2016, the Fund owned less than five percent of the company’s outstanding voting shares. |
ADR | American Depositary Receipt |
SDR | Swedish Depositary Receipt |
• | Level 1 – quoted prices in active markets for identical securities |
• | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
• | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
54 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Acorn International®, December 31, 2016
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Australia | — | 108,920,926 | — | 108,920,926 |
Cambodia | — | 10,967,291 | — | 10,967,291 |
Canada | 359,845,271 | — | — | 359,845,271 |
China | 864,582 | 82,549,772 | — | 83,414,354 |
Denmark | — | 147,139,978 | — | 147,139,978 |
Finland | — | 31,335,458 | — | 31,335,458 |
France | — | 133,288,641 | — | 133,288,641 |
Germany | — | 291,642,412 | — | 291,642,412 |
Hong Kong | — | 65,096,727 | — | 65,096,727 |
India | — | 105,086,551 | — | 105,086,551 |
Indonesia | — | 34,002,861 | — | 34,002,861 |
Italy | — | 61,996,338 | — | 61,996,338 |
Japan | — | 1,084,400,430 | — | 1,084,400,430 |
Malta | — | 69,249,479 | — | 69,249,479 |
Mexico | 55,383,261 | — | — | 55,383,261 |
Netherlands | — | 107,835,672 | — | 107,835,672 |
New Zealand | — | 30,437,837 | — | 30,437,837 |
Philippines | — | 22,467,369 | — | 22,467,369 |
Singapore | — | 61,565,326 | — | 61,565,326 |
South Africa | — | 57,948,333 | — | 57,948,333 |
South Korea | — | 123,015,761 | — | 123,015,761 |
Spain | — | 145,324,087 | — | 145,324,087 |
Sweden | — | 200,649,256 | — | 200,649,256 |
Switzerland | — | 218,943,080 | — | 218,943,080 |
Taiwan | — | 157,614,597 | — | 157,614,597 |
Thailand | — | 51,313,892 | — | 51,313,892 |
United Kingdom | 41,820,346 | 691,650,630 | — | 733,470,976 |
United States | 26,442,677 | — | — | 26,442,677 |
Total Common Stocks | 484,356,137 | 4,094,442,704 | — | 4,578,798,841 |
Securities Lending Collateral | 169,508,371 | — | — | 169,508,371 |
Money Market Funds | 66,479,974 | — | — | 66,479,974 |
Total Investments | 720,344,482 | 4,094,442,704 | — | 4,814,787,186 |
Columbia Acorn Family of Funds | Annual Report 2016 | 55 |
Table of Contents
Columbia Acorn USA®, December 31, 2016
Common Stocks 99.4% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 19.4% | ||
Auto Components 4.9% | ||
Dorman Products, Inc.(a) Aftermarket Auto Parts Distributor | 167,670 | 12,249,970 |
Gentex Corp. Manufacturer of Auto Parts | 279,199 | 5,497,428 |
LCI Industries RV & Manufactured Home Components | 127,130 | 13,698,258 |
Total | 31,445,656 | |
Distributors 0.9% | ||
Pool Corp. Swimming Pool Supplies & Equipment Distributor | 56,906 | 5,937,572 |
Diversified Consumer Services 1.7% | ||
Bright Horizons Family Solutions, Inc.(a) Child Care/Preschool Services | 101,892 | 7,134,478 |
ServiceMaster Global Holdings, Inc.(a) Pest & Termite Control, Home Warranty & Other Home Services | 96,785 | 3,645,891 |
Total | 10,780,369 | |
Hotels, Restaurants & Leisure 4.4% | ||
Papa John’s International, Inc. Franchisor of Pizza Restaurants | 135,776 | 11,619,710 |
Texas Roadhouse, Inc. Rural-focused Full Service Steakhouse | 200,365 | 9,665,608 |
Vail Resorts, Inc. Ski Resort Operator & Developer | 20,550 | 3,314,920 |
Zoe’s Kitchen, Inc.(a),(b) Fast, Casual Mediterranean Food | 163,866 | 3,931,145 |
Total | 28,531,383 | |
Household Durables 2.6% | ||
Cavco Industries, Inc.(a) Manufactured Homes | 87,073 | 8,694,239 |
iRobot Corp.(a) Home Robots (Vacuums, Pool Cleaners) & Battlefield Reconnaissance Robots | 139,940 | 8,179,493 |
Total | 16,873,732 | |
Leisure Products 1.6% | ||
Brunswick Corp. Boats, Boat Engines, Exercise & Bowling Equipment | 184,849 | 10,081,664 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Specialty Retail 3.3% | ||
Camping World Holdings, Inc., Class A RV-centric Retail Stores & Services | 405,611 | 13,218,863 |
Five Below, Inc.(a) Low-price Specialty Retailer Targeting Pre-Teens, Teens & Parents | 106,217 | 4,244,431 |
Monro Muffler Brake, Inc. Automotive Services | 61,769 | 3,533,187 |
Total | 20,996,481 | |
Total Consumer Discretionary | 124,646,857 | |
Consumer Staples 1.4% | ||
Household Products 1.4% | ||
WD-40 Co. Manufacturer of Industrial Lubrications | 76,187 | 8,906,260 |
Total Consumer Staples | 8,906,260 | |
Energy 2.5% | ||
Energy Equipment & Services 1.3% | ||
Core Laboratories NV(b) Oil & Gas Reservoir Consulting | 41,938 | 5,034,237 |
Frank’s International NV(b) Global Provider of Casing Running Services Post Drilling of Wells | 281,825 | 3,469,266 |
Total | 8,503,503 | |
Oil, Gas & Consumable Fuels 1.2% | ||
Carrizo Oil & Gas, Inc.(a) Oil & Gas Producer | 94,006 | 3,511,124 |
PDC Energy, Inc.(a) Oil & Gas Producer in the United States | 53,180 | 3,859,805 |
Total | 7,370,929 | |
Total Energy | 15,874,432 | |
Financials 15.2% | ||
Banks 11.9% | ||
Associated Banc-Corp. Midwest Bank | 322,978 | 7,977,557 |
First Busey Corp. Illinois Bank | 326,877 | 10,061,274 |
Great Southern Bancorp, Inc. Heartland Bank | 91,153 | 4,981,512 |
Lakeland Financial Corp. Indiana Bank | 243,727 | 11,542,911 |
LegacyTexas Financial Group, Inc. Texas Thrift | 289,987 | 12,486,840 |
56 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Acorn USA®, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
MB Financial, Inc. Chicago Bank | 195,273 | 9,222,744 |
Sandy Spring Bancorp, Inc. Baltimore & Washington, D.C. Bank | 170,479 | 6,817,455 |
SVB Financial Group(a) Bank to Venture Capitalists | 55,532 | 9,532,623 |
Trico Bancshares California Central Valley Bank | 118,819 | 4,061,233 |
Total | 76,684,149 | |
Capital Markets 2.8% | ||
MarketAxess Holdings, Inc. Bond Exchange | 20,869 | 3,066,074 |
OM Asset Management PLC Asset Manager Holding Company | 658,408 | 9,546,916 |
SEI Investments Co. Mutual Fund Administration & Investment Management | 106,295 | 5,246,721 |
Total | 17,859,711 | |
Insurance 0.5% | ||
Allied World Assurance Co. Holdings AG Commercial Lines Insurance/Reinsurance | 59,498 | 3,195,637 |
Total Financials | 97,739,497 | |
Health Care 24.9% | ||
Biotechnology 4.6% | ||
Agios Pharmaceuticals, Inc.(a) Biotech Focused on Cancer & Orphan Diseases | 92,390 | 3,855,435 |
Clovis Oncology, Inc.(a),(b) Pre-commercial Biotech Company | 80,253 | 3,564,838 |
Exact Sciences Corp.(a),(b) Molecular Diagnostics | 364,785 | 4,873,528 |
Genomic Health, Inc.(a) Cancer Diagnostics | 145,693 | 4,281,917 |
Ligand Pharmaceuticals, Inc.(a) Royalties from Licensing Drug Delivery Technology | 37,292 | 3,789,240 |
Repligen Corp.(a) Supplier to Biopharma Industry | 123,924 | 3,819,338 |
Seattle Genetics, Inc.(a) Antibody-based Therapies for Cancer | 52,515 | 2,771,216 |
Ultragenyx Pharmaceutical, Inc.(a) Biotech Focused on "Ultra-Orphan" Drugs | 44,716 | 3,143,982 |
Total | 30,099,494 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Equipment & Supplies 7.7% | ||
ABIOMED, Inc.(a) Medical Devices for Cardiac Conditions | 28,538 | 3,215,662 |
Endologix, Inc.(a) Minimally Invasive Treatment of Abdominal Aortic Aneurysm | 644,233 | 3,685,013 |
iRhythm Technologies, Inc.(a) Cardiac Arrhythmia Monitoring Devices & Services | 233,921 | 7,017,630 |
LeMaitre Vascular, Inc. Medical Devices for Peripheral Vascular Disease | 387,057 | 9,808,024 |
Masimo Corp.(a) Pulse Oximetry Monitors (Blood Oxygen Levels) | 100,954 | 6,804,300 |
Natus Medical, Inc.(a) Neuro-diagnostic & Newborn Care Products | 249,801 | 8,693,075 |
West Pharmaceutical Services, Inc. Components & Systems for Injectable Drug Delivery | 67,159 | 5,697,098 |
Zeltiq Aesthetics, Inc.(a) Systems & Consumables for Aesthetics | 105,124 | 4,574,996 |
Total | 49,495,798 | |
Health Care Providers & Services 6.8% | ||
AMN Healthcare Services, Inc.(a) Temporary Healthcare Staffing | 299,242 | 11,505,855 |
HealthSouth Corp. Inpatient Rehabilitation Facilities & Home Health Care | 189,584 | 7,818,444 |
Mednax, Inc.(a) Physician Management for Pediatric & Anesthesia Practices | 149,012 | 9,933,140 |
Team Health Holdings, Inc.(a) Healthcare Professionals Outsourcing | 159,360 | 6,924,192 |
VCA, Inc.(a) Animal Hospitals & Laboratory Services | 109,281 | 7,502,141 |
Total | 43,683,772 | |
Health Care Technology 2.1% | ||
Computer Programs & Systems, Inc.(b) IT Systems & Services for Health Care Providers | 216,645 | 5,112,822 |
Evolent Health, Inc., Class A(a) IT & Services Vendor for Hospitals | 194,996 | 2,885,941 |
Medidata Solutions, Inc.(a) Cloud-based Software for Drug Studies | 109,134 | 5,420,685 |
Total | 13,419,448 |
Columbia Acorn Family of Funds | Annual Report 2016 | 57 |
Table of Contents
Columbia Acorn USA®, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Life Sciences Tools & Services 3.0% | ||
Bio-Techne Corp. Maker of Consumables & Systems for the Life Science Market | 95,949 | 9,866,436 |
Cambrex Corp.(a) Active Pharmaceutical Ingredients for Small Molecule Drugs | 113,884 | 6,144,042 |
VWR Corp.(a) Distributor of Lab Supplies | 129,715 | 3,246,766 |
Total | 19,257,244 | |
Pharmaceuticals 0.7% | ||
Akorn, Inc.(a) Developer, Manufacturer & Distributor of Specialty Generic Drugs | 213,702 | 4,665,115 |
Total Health Care | 160,620,871 | |
Industrials 15.9% | ||
Aerospace & Defense 2.8% | ||
Astronics Corp.(a) Designer & Manufacturer of Aircraft Electrical Components & Testing Equipment | 123,496 | 4,179,104 |
Astronics Corp., Class B(a) Designer & Manufacturer of Aircraft Electrical Components & Testing Equipment | 18,524 | 624,259 |
HEICO Corp., Class A FAA-Approved Aircraft Replacement Parts | 103,979 | 7,060,174 |
Taser International, Inc.(a) Manufacturer of Electrical Weapons & Body Cameras | 258,407 | 6,263,786 |
Total | 18,127,323 | |
Commercial Services & Supplies 4.9% | ||
Copart, Inc.(a) Auto Salvage Services | 100,598 | 5,574,135 |
Healthcare Services Group, Inc. Outsourced Services to Long-term Care Industry | 86,178 | 3,375,592 |
Knoll, Inc. Office & Residential Furniture | 258,562 | 7,221,637 |
Ritchie Bros. Auctioneers, Inc. Heavy Equipment Auctioneer | 148,991 | 5,065,694 |
Unifirst Corp. Uniform Rental | 71,595 | 10,284,622 |
Total | 31,521,680 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Machinery 5.0% | ||
ESCO Technologies, Inc. Industrial Filtration & Advanced Measurement Equipment | 63,084 | 3,573,709 |
Middleby Corp. (The)(a) Manufacturer of Cooking Equipment | 33,768 | 4,349,656 |
Nordson Corp. Dispensing Systems for Adhesives & Coatings | 54,032 | 6,054,285 |
Oshkosh Corp. Specialty Truck Manufacturer | 63,377 | 4,094,788 |
Toro Co. (The) Turf Maintenance Equipment | 250,820 | 14,033,379 |
Total | 32,105,817 | |
Professional Services 2.2% | ||
ICF International, Inc.(a) Professional Service Company | 72,769 | 4,016,849 |
Wageworks, Inc.(a) Healthcare Consumer Directed Benefits & Commuter Account Management | 142,534 | 10,333,715 |
Total | 14,350,564 | |
Trading Companies & Distributors 1.0% | ||
Watsco, Inc. HVAC Distribution | 40,917 | 6,060,626 |
Total Industrials | 102,166,010 | |
Information Technology 17.8% | ||
Electronic Equipment, Instruments & Components 1.0% | ||
IPG Photonics Corp.(a) Fiber Lasers | 63,554 | 6,273,415 |
Internet Software & Services 7.0% | ||
CoStar Group, Inc.(a) Commercial Real Estate Data Aggregator & Web Marketing for Retail Landlords | 55,461 | 10,453,844 |
j2 Global, Inc. Communication Technology & Digital Media | 144,855 | 11,849,139 |
Mimecast Ltd.(a) Cyber Security, Continuity & Archiving Software | 270,012 | 4,833,215 |
NIC, Inc. Government Web Portal Development & Management Outsourcing | 281,595 | 6,730,120 |
Nutanix, Inc., Class A(a),(b) Software Company Selling Hyper-converged Infrastructure Appliances | 118,000 | 3,134,080 |
58 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Columbia Acorn USA®, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Q2 Holdings, Inc.(a) Online & Mobile Banking Software | 124,729 | 3,598,432 |
SPS Commerce, Inc.(a) Supply Chain Management Software Delivered via the Web | 61,796 | 4,318,922 |
Total | 44,917,752 | |
IT Services 3.0% | ||
CoreLogic, Inc.(a) Data Processing Services for Real Estate, Insurance & Mortgages | 82,298 | 3,031,036 |
ExlService Holdings, Inc.(a) Business Process Outsourcing | 64,759 | 3,266,444 |
MAXIMUS, Inc. Outsourcer for Government Program Administration | 153,956 | 8,589,205 |
WNS Holdings Ltd., ADR(a) Offshore Business Process Outsourcing Services | 177,667 | 4,894,726 |
Total | 19,781,411 | |
Semiconductors & Semiconductor Equipment 1.2% | ||
Monolithic Power Systems, Inc. High Performance Analog & Mixed Signal Integrated Circuits | 95,831 | 7,851,434 |
Software 5.6% | ||
ANSYS, Inc.(a) Simulation Software for Engineers & Designers | 117,985 | 10,912,433 |
Apptio, Inc., Class A(a) Software for Managing IT Spending | 166,193 | 3,079,556 |
Blackline, Inc.(a) Accounting Software | 114,385 | 3,160,458 |
Guidewire Software, Inc.(a) Software for Global Property & Casualty Insurance Carriers | 63,894 | 3,151,891 |
Manhattan Associates, Inc.(a) Supply Chain Management Software & Services | 114,692 | 6,082,117 |
Qualys, Inc.(a) Security Software Delivered Via the Cloud | 200,639 | 6,350,224 |
Tyler Technologies, Inc.(a) Financial, Tax, Court & Document Management Systems for Local Governments | 22,068 | 3,150,648 |
Total | 35,887,327 | |
Total Information Technology | 114,711,339 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 2.3% | ||
Equity Real Estate Investment Trusts (REITS) 0.8% | ||
UMH Properties, Inc. Owner & Operator of Manufactured Home Parks | 360,973 | 5,432,644 |
Real Estate Management & Development 1.5% | ||
Colliers International Group, Inc. Real Estate Services | 120,961 | 4,445,317 |
FirstService Corp. Residential Property Management & Housing Related Services | 104,286 | 4,951,499 |
Total | 9,396,816 | |
Total Real Estate | 14,829,460 | |
Total Common Stocks (Cost: $454,176,273) | 639,494,726 | |
Securities Lending Collateral 2.4% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, (7 day yield of 0.450%)(c) | 15,336,080 | 15,336,080 |
Total Securities Lending Collateral (Cost: $15,336,080) | 15,336,080 | |
Money Market Funds 2.0% | ||
JPMorgan U.S. Government Money Market Fund, Agency Shares, (7 day yield of 0.345%) | 13,174,441 | 13,174,441 |
Total Money Market Funds (Cost: $13,174,441) | 13,174,441 | |
Total Investments (Cost $482,686,794) | 668,005,247 (d) | |
Obligation to Return Collateral for Securities Loaned | (15,336,080) | |
Other Assets & Liabilities, Net | (9,048,742) | |
Net Assets | $643,620,425 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2016. The total market value of securities on loan at December 31, 2016 was $14,865,804. |
(c) | Investment made with cash collateral received from securities lending activity. |
Columbia Acorn Family of Funds | Annual Report 2016 | 59 |
Table of Contents
Columbia Acorn USA®, December 31, 2016
(d) | An affiliated person of the Fund, as defined in the Investment Company Act of 1940, may include any company in which the Fund owns five percent or more of its outstanding voting shares. Holdings and transactions in these affiliated companies during the year ended December 31, 2016, are as follows. At December 31, 2016, the Fund did not hold any investments in affiliated companies. |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Value ($) | Dividend — affiliated issuers ($) | Realized Gain (Loss) |
Rubicon Technology1 | 1,354,071 | — | (1,354,071) | — | — | — | (1,922,691) |
1 | At December 31, 2016, the Fund owned less than five percent of the company’s outstanding voting shares. |
ADR | American Depositary Receipt |
• | Level 1 – quoted prices in active markets for identical securities |
• | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
• | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Consumer Discretionary | 124,646,857 | — | — | 124,646,857 |
Consumer Staples | 8,906,260 | — | — | 8,906,260 |
Energy | 15,874,432 | — | — | 15,874,432 |
Financials | 97,739,497 | — | — | 97,739,497 |
Health Care | 160,620,871 | — | — | 160,620,871 |
Industrials | 102,166,010 | — | — | 102,166,010 |
60 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Columbia Acorn USA®, December 31, 2016
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Information Technology | 114,711,339 | — | — | 114,711,339 |
Real Estate | 14,829,460 | — | — | 14,829,460 |
Total Common Stocks | 639,494,726 | — | — | 639,494,726 |
Securities Lending Collateral | 15,336,080 | — | — | 15,336,080 |
Money Market Funds | 13,174,441 | — | — | 13,174,441 |
Total Investments | 668,005,247 | — | — | 668,005,247 |
Columbia Acorn Family of Funds | Annual Report 2016 | 61 |
Table of Contents
Columbia Acorn International SelectSM, December 31, 2016
Common Stocks 96.5% | ||
Issuer | Shares | Value ($) |
Australia 2.1% | ||
Amcor Ltd. Flexible & Rigid Packaging | 193,000 | 2,077,224 |
Canada 7.9% | ||
CCL Industries, Inc. Global Label Converter | 29,641 | 5,823,778 |
Vermilion Energy, Inc. Canadian Exploration & Production Company | 48,340 | 2,033,834 |
Total | 7,857,612 | |
China 3.1% | ||
NetEase, Inc., ADR Chinese Online Gaming Services | 14,200 | 3,057,828 |
Vipshop Holdings Ltd., ADR(a) Internet Discount Retailer | 4,849 | 53,387 |
Total | 3,111,215 | |
Denmark 3.1% | ||
Novozymes AS, Class B Industrial Enzymes | 89,955 | 3,101,457 |
France 5.0% | ||
Essilor International SA Eyeglass Lenses | 22,000 | 2,486,044 |
Legrand SA Electrical Components | 44,000 | 2,498,782 |
Total | 4,984,826 | |
Germany 7.8% | ||
MTU Aero Engines AG Airplane Engine Components & Services | 33,500 | 3,864,221 |
Wirecard AG(b) Online Payment Processing & Risk Management | 91,040 | 3,906,300 |
Total | 7,770,521 | |
India 3.1% | ||
Zee Entertainment Enterprises Ltd. Indian Programmer of Pay Television Content | 463,000 | 3,081,841 |
Ireland 2.4% | ||
Ryanair Holdings PLC European Low Cost Airline | 158,000 | 2,412,454 |
Japan 21.4% | ||
Aeon Mall Co., Ltd. Suburban Shopping Mall Developer, Owner & Operator | 279,200 | 3,923,546 |
FamilyMart UNY Holdings Co., Ltd. Convenience Store Operator | 34,300 | 2,282,323 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hoya Corp. Opto-electrical Components & Eyeglass Lenses | 83,000 | 3,480,142 |
KDDI Corp. Mobile & Fixed Line Communication Service Provider in Japan | 77,000 | 1,944,479 |
Recruit Holdings Co., Ltd. Recruitment & Media Services | 117,500 | 4,708,976 |
Santen Pharmaceutical Co., Ltd. Specialty Pharma (Ophthalmic Medicine) | 173,000 | 2,110,829 |
Sony Financial Holdings, Inc. Life Insurance, Assurance & Internet Banking | 189,200 | 2,949,331 |
Total | 21,399,626 | |
South Africa 3.5% | ||
Naspers Ltd., Class N Media in Africa, China, Russia & Other Emerging Markets | 24,000 | 3,503,800 |
Spain 2.1% | ||
Distribuidora Internacional de Alimentacion SA Discount Retailer in Spain & Latin America | 421,000 | 2,067,369 |
Sweden 4.5% | ||
Hexagon AB, Class B Design, Measurement & Visualization Software & Equipment | 127,000 | 4,537,407 |
Switzerland 7.8% | ||
Geberit AG Plumbing Systems | 8,540 | 3,423,380 |
Partners Group Holding AG(b) Private Markets Asset Management | 9,400 | 4,405,529 |
Total | 7,828,909 | |
Taiwan 2.8% | ||
Largan Precision Co., Ltd. Mobile Device Camera Lenses & Modules | 24,000 | 2,797,474 |
Thailand 2.5% | ||
Airports of Thailand PCL Airport Operator of Thailand | 228,000 | 2,531,874 |
United Kingdom 15.2% | ||
Compass Group PLC Catering & Support Services | 141,000 | 2,605,899 |
Halma PLC Health & Safety Sensor Technology | 242,000 | 2,677,363 |
Kingfisher PLC European DIY Retailer | 494,000 | 2,128,344 |
Next PLC Clothes & Home Retailer in the UK | 50,000 | 3,067,283 |
62 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Columbia Acorn International SelectSM, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Rightmove PLC Internet Real Estate Listings | 43,800 | 2,103,994 |
WH Smith PLC Newsprint, Books & General Stationery Retailer | 136,930 | 2,623,690 |
Total | 15,206,573 | |
United States 2.2% | ||
Anadarko Petroleum Corp. Worldwide Production of Oil & Gas | 31,540 | 2,199,284 |
Total Common Stocks (Cost: $81,018,986) | 96,469,466 | |
Securities Lending Collateral 5.4% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, (7 day yield of 0.450%)(c) | 5,444,661 | 5,444,661 |
Total Securities Lending Collateral (Cost: $5,444,661) | 5,444,661 | |
Money Market Funds 2.7% | ||
Shares | Value ($) | |
JPMorgan U.S. Government Money Market Fund, IM Shares (7 day yield of 0.445%) | 2,721,922 | 2,721,922 |
Total Money Market Funds (Cost: $2,721,922) | 2,721,922 | |
Total Investments (Cost: $89,185,569) | 104,636,049 | |
Obligation to Return Collateral for Securities Loaned | (5,444,661) | |
Other Assets & Liabilities, Net | 820,185 | |
Net Assets | $100,011,573 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2016. The total market value of securities on loan at December 31, 2016 was $5,209,652. |
(c) | Investment made with cash collateral received from securities lending activity. |
ADR | American Depositary Receipt |
• | Level 1 – quoted prices in active markets for identical securities |
• | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
• | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Annual Report 2016 | 63 |
Table of Contents
Columbia Acorn International SelectSM, December 31, 2016
require fair valuation and fair value techniques; circumstances under which securities will be deemed to pose a potential for stale pricing, including when securities are illiquid, restricted, or in default; and certain delegations of authority to determine fair values to the Fund’s investment manager. The Committee may also meet to discuss additional valuation matters, which may include review of back-testing results, review of time-sensitive information or approval of other valuation related actions, and to review the appropriateness of the Policies.
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Australia | — | 2,077,224 | — | 2,077,224 |
Canada | 7,857,612 | — | — | 7,857,612 |
China | 3,111,215 | — | — | 3,111,215 |
Denmark | — | 3,101,457 | — | 3,101,457 |
France | — | 4,984,826 | — | 4,984,826 |
Germany | — | 7,770,521 | — | 7,770,521 |
India | — | 3,081,841 | — | 3,081,841 |
Ireland | — | 2,412,454 | — | 2,412,454 |
Japan | — | 21,399,626 | — | 21,399,626 |
South Africa | — | 3,503,800 | — | 3,503,800 |
Spain | — | 2,067,369 | — | 2,067,369 |
Sweden | — | 4,537,407 | — | 4,537,407 |
Switzerland | — | 7,828,909 | — | 7,828,909 |
Taiwan | — | 2,797,474 | — | 2,797,474 |
Thailand | — | 2,531,874 | — | 2,531,874 |
United Kingdom | — | 15,206,573 | — | 15,206,573 |
United States | 2,199,284 | — | — | 2,199,284 |
Total Common Stocks | 13,168,111 | 83,301,355 | — | 96,469,466 |
Securities Lending Collateral | 5,444,661 | — | — | 5,444,661 |
Money Market Funds | 2,721,922 | — | — | 2,721,922 |
Total Investments | 21,334,694 | 83,301,355 | — | 104,636,049 |
64 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Acorn SelectSM, December 31, 2016
Common Stocks 98.5% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 20.0% | ||
Distributors 4.4% | ||
LKQ Corp.(a) Alternative Auto Parts Distribution | 437,620 | 13,413,053 |
Hotels, Restaurants & Leisure 6.1% | ||
Papa John’s International, Inc. Franchisor of Pizza Restaurants | 70,600 | 6,041,948 |
Vail Resorts, Inc. Ski Resort Operator & Developer | 79,584 | 12,837,695 |
Total | 18,879,643 | |
Household Durables 3.1% | ||
iRobot Corp.(a) Home Robots (Vacuums, Pool Cleaners) & Battlefield Reconnaissance Robots | 166,000 | 9,702,700 |
Media 4.6% | ||
Liberty Global PLC, Class A(a) Cable TV Franchises Outside of the United States | 463,000 | 14,163,170 |
Textiles, Apparel & Luxury Goods 1.8% | ||
Hanesbrands, Inc. Apparel Wholesaler | 261,000 | 5,629,770 |
Total Consumer Discretionary | 61,788,336 | |
Financials 8.9% | ||
Banks 3.3% | ||
SVB Financial Group(a) Bank to Venture Capitalists | 58,200 | 9,990,612 |
Capital Markets 5.6% | ||
Eaton Vance Corp. Specialty Mutual Funds | 156,037 | 6,534,830 |
Lazard Ltd., Class A Corporate Advisory & Asset Management | 263,000 | 10,806,670 |
Total | 17,341,500 | |
Total Financials | 27,332,112 | |
Health Care 16.3% | ||
Biotechnology 0.6% | ||
Ultragenyx Pharmaceutical, Inc.(a) Biotech Focused on "Ultra-Orphan" Drugs | 26,186 | 1,841,138 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Equipment & Supplies 5.4% | ||
Align Technology, Inc.(a) Invisalign System to Correct Malocclusion (Crooked Teeth) | 107,177 | 10,302,925 |
LivaNova PLC(a) Neuromodulation & Cardiac Devices | 143,000 | 6,430,710 |
Total | 16,733,635 | |
Health Care Providers & Services 7.4% | ||
HealthSouth Corp. Inpatient Rehabilitation Facilities & Home Health Care | 357,000 | 14,722,680 |
VCA, Inc.(a) Animal Hospitals & Laboratory Services | 118,000 | 8,100,700 |
Total | 22,823,380 | |
Life Sciences Tools & Services 2.9% | ||
VWR Corp.(a) Distributor of Lab Supplies | 356,603 | 8,925,773 |
Total Health Care | 50,323,926 | |
Industrials 29.2% | ||
Electrical Equipment 2.6% | ||
Generac Holdings, Inc.(a) Standby Power Generators | 200,230 | 8,157,370 |
Machinery 14.5% | ||
Middleby Corp. (The)(a) Manufacturer of Cooking Equipment | 106,700 | 13,744,027 |
Nordson Corp. Dispensing Systems for Adhesives & Coatings | 53,256 | 5,967,335 |
Oshkosh Corp. Specialty Truck Manufacturer | 120,082 | 7,758,498 |
Snap-On, Inc. Tools | 36,000 | 6,165,720 |
Wabtec Corp. Freight & Transit Component Supplier | 133,000 | 11,041,660 |
Total | 44,677,240 | |
Professional Services 3.7% | ||
Robert Half International, Inc. Temporary & Permanent Staffing in Finance, Accounting & Other Professions | 231,395 | 11,287,448 |
Columbia Acorn Family of Funds | Annual Report 2016 | 65 |
Table of Contents
Columbia Acorn SelectSM, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Road & Rail 8.4% | ||
AMERCO North American Moving & Storage | 32,000 | 11,826,880 |
JB Hunt Transport Services, Inc. Truck & Intermodal Carrier | 145,000 | 14,075,150 |
Total | 25,902,030 | |
Total Industrials | 90,024,088 | |
Information Technology 11.4% | ||
Internet Software & Services 6.2% | ||
GoDaddy, Inc., Class A(a) Website Management for Small- & Medium-sized Companies | 297,000 | 10,380,150 |
SPS Commerce, Inc.(a) Supply Chain Management Software Delivered via the Web | 124,000 | 8,666,360 |
Total | 19,046,510 | |
Software 5.2% | ||
ANSYS, Inc.(a) Simulation Software for Engineers & Designers | 113,158 | 10,465,983 |
Ultimate Software Group, Inc. (The)(a) Human Capital Management Systems | 31,057 | 5,663,244 |
Total | 16,129,227 | |
Total Information Technology | 35,175,737 | |
Materials 3.4% | ||
Chemicals 3.4% | ||
Axalta Coating Systems Ltd.(a) Global Manufacturer of High Performance Coatings | 388,681 | 10,572,123 |
Total Materials | 10,572,123 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 9.3% | ||
Equity Real Estate Investment Trusts (REITS) 5.7% | ||
Crown Castle International Corp. Communications Towers | 68,161 | 5,914,330 |
Education Realty Trust, Inc. Student Housing | 273,566 | 11,571,842 |
Total | 17,486,172 | |
Real Estate Management & Development 3.6% | ||
Jones Lang LaSalle, Inc. Real Estate Services | 109,900 | 11,104,296 |
Total Real Estate | 28,590,468 | |
Total Common Stocks (Cost: $253,883,458) | 303,806,790 | |
Money Market Funds 1.5% | ||
Shares | Value ($) | |
JPMorgan U.S. Government Money Market Fund, Agency Shares, (7 day yield of 0.345%) | 4,574,896 | 4,574,896 |
Total Money Market Funds (Cost: $4,574,896) | 4,574,896 | |
Total Investments (Cost $258,458,354) | 308,381,686 | |
Other Assets & Liabilities, Net | 7,298 | |
Net Assets | $308,388,984 |
(a) | Non-income producing security. |
• | Level 1 – quoted prices in active markets for identical securities |
• | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
• | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
66 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Acorn SelectSM, December 31, 2016
The Committee is responsible for applying Columbia Acorn Trust Portfolio Pricing Policy and the Columbia Wanger Asset Management pricing procedures (the Policies), which are approved by and subject to the oversight of the Board of Trustees.
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Consumer Discretionary | 61,788,336 | — | — | 61,788,336 |
Financials | 27,332,112 | — | — | 27,332,112 |
Health Care | 50,323,926 | — | — | 50,323,926 |
Industrials | 90,024,088 | — | — | 90,024,088 |
Information Technology | 35,175,737 | — | — | 35,175,737 |
Materials | 10,572,123 | — | — | 10,572,123 |
Real Estate | 28,590,468 | — | — | 28,590,468 |
Total Common Stocks | 303,806,790 | — | — | 303,806,790 |
Money Market Funds | 4,574,896 | — | — | 4,574,896 |
Total Investments | 308,381,686 | — | — | 308,381,686 |
Investments in Securities | Balance as of December 31, 2015 | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Purchases | Sales | Transfers Into Level 3 | Transfers out of Level 3 | Balance as of December 31, 2016 |
Common Stock | ||||||||
Consumer Discretionary | $8,851,514 | $(16,166,667) | $11,148,486 | $— | $(3,833,333) | $— | $— | $— |
Columbia Acorn Family of Funds | Annual Report 2016 | 67 |
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Columbia Thermostat FundSM, December 31, 2016
Equity Funds 9.9% | ||
Issuer | Shares | Value ($) |
Dividend Income 2.0% | ||
Columbia Dividend Income Fund, Class I Shares(a) | 1,141,969 | 21,857,289 |
Total Dividend Income | 21,857,289 | |
International Small Mid Cap 2.0% | ||
Columbia Acorn International, Class I Shares(a) | 587,054 | 22,173,033 |
Total International Small Mid Cap | 22,173,033 | |
U.S. Large Cap 3.9% | ||
Columbia Contrarian Core Fund, Class I Shares(a) | 966,230 | 21,720,847 |
Columbia Large Cap Enhanced Core Fund, Class I Shares(a) | 483,277 | 10,878,580 |
Columbia Select Large Cap Growth Fund, Class I Shares(a),(b) | 788,763 | 10,908,591 |
Total U.S. Large Cap | 43,508,018 | |
U.S. Mid Cap 1.0% | ||
Columbia Acorn Select Fund, Class I Shares(a),(b) | 738,151 | 10,909,863 |
Total U.S. Mid Cap | 10,909,863 | |
U.S. Small Mid Cap 1.0% | ||
Columbia Acorn Fund, Class I Shares(a),(b) | 704,294 | 10,846,124 |
Total U.S. Small Mid Cap | 10,846,124 | |
Total Equity Funds (Cost: $89,043,137) | 109,294,327 | |
Fixed-Income Funds 89.7% | ||
Issuer | Shares | Value ($) |
High Yield 9.0% | ||
Columbia Income Opportunities Fund, Class I Shares(a) | 10,148,993 | 99,358,642 |
Total High Yield | 99,358,642 | |
Investment Grade 80.7% | ||
Columbia Short Term Bond Fund, Class I Shares(a) | 39,832,272 | 396,729,429 |
Columbia Total Return Bond Fund, Class I Shares(a) | 22,201,461 | 198,925,088 |
Columbia U.S. Government Mortgage Fund, Class I Shares(a) | 36,866,439 | 198,710,106 |
Columbia U.S. Treasury Index Fund, Class I Shares(a) | 9,050,066 | 99,279,224 |
Total Investment Grade | 893,643,847 | |
Total Fixed-Income Funds (Cost: $994,941,761) | 993,002,489 | |
Money Market Funds 0.3% | ||
Shares | Value ($) | |
JPMorgan U.S. Government Money Market Fund, Agency Shares, (7 day yield of 0.345%) | 3,545,380 | 3,545,380 |
Total Money Market Funds (Cost: $3,545,380) | 3,545,380 | |
Total Investments (Cost $1,087,530,278) | 1,105,842,196 | |
Other Assets & Liabilities, Net | 1,584,421 | |
Net Assets | $1,107,426,617 |
(a) | An affiliated person of the Fund, as defined in the Investment Company Act of 1940, may include any company in which the Fund owns five percent or more of its outstanding voting shares. Holdings and transactions in these affiliated companies during the year ended December 31, 2016, are as follows. The aggregate cost and value of these companies at December 31, 2016, was $1,083,984,898 and $1,102,296,816, respectively. Investments in affiliated companies represented 99.60% of the Fund’s total net assets at December 31, 2016. |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Capital gain Distributions ($) | Realized Gain (Loss) ($) | Dividends — affiliated issuers($) | Value ($) |
Columbia Acorn Fund, Class I Shares | 1,397,374 | 2,625,618 | 3,318,698 | 704,294 | 6,393,601 | (9,183,481) | — | 10,846,124 |
Columbia Acorn International, Class I Shares | 1,389,031 | 2,039,433 | 2,841,410 | 587,054 | 367,376 | (2,579,022) | 250,704 | 22,173,033 |
Columbia Acorn Select Fund, Class I Shares | 1,752,426 | 2,979,407 | 3,993,682 | 738,151 | 3,413,645 | (6,097,926) | — | 10,909,863 |
Columbia Contrarian Core Fund, Class I Shares | 2,628,205 | 3,553,715 | 5,215,690 | 966,230 | 164,463 | 5,080,294 | 229,582 | 21,720,847 |
68 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Thermostat FundSM, December 31, 2016
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Capital gain Distributions ($) | Realized Gain (Loss) ($) | Dividends — affiliated issuers($) | Value ($) |
Columbia Dividend Income Fund, Class I Shares | 3,143,436 | 3,941,800 | 5,943,267 | 1,141,969 | 504,911 | 6,276,140 | 976,288 | 21,857,289 |
Columbia Income Opportunities Fund, Class I Shares | 17,570,413 | 7,816,796 | 15,238,216 | 10,148,993 | — | (3,348,293) | 5,669,528 | 99,358,642 |
Columbia Large Cap Enhanced Core Fund, Class I Shares | 1,322,181 | 1,842,063 | 2,680,967 | 483,277 | — | 3,671,902 | 490,530 | 10,878,580 |
Columbia Select Large Cap Growth Fund, Class I Shares | 1,625,974 | 3,049,934 | 3,887,145 | 788,763 | 2,051,840 | (2,497,733) | — | 10,908,591 |
Columbia Short Term Bond Fund, Class I Shares | 33,379,127 | 23,233,899 | 16,780,754 | 39,832,272 | — | (688,378) | 3,635,669 | 396,729,429 |
Columbia Total Return Bond Fund, Class I Shares | 18,493,046 | 13,057,342 | 9,348,927 | 22,201,461 | 2,576,077 | (525,304) | 4,952,232 | 198,925,088 |
Columbia U.S. Government Mortgage Fund, Class I Shares | 30,509,848 | 21,973,082 | 15,616,491 | 36,866,439 | 792,017 | (45,533) | 4,195,278 | 198,710,106 |
Columbia U.S. Treasury Index Fund, Class I Shares | — | 10,993,291 | 1,943,225 | 9,050,066 | 238,099 | (109,319) | 837,893 | 99,279,224 |
Total of Affiliated Transactions | 113,211,061 | 97,106,380 | 86,808,472 | 123,508,969 | 16,502,029 | (10,046,653) | 21,237,704 | 1,102,296,816 |
(b) | Non-income producing security. |
• | Level 1 – quoted prices in active markets for identical securities |
• | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
• | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Annual Report 2016 | 69 |
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Columbia Thermostat FundSM, December 31, 2016
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2016:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Equity Funds | 109,294,327 | — | — | 109,294,327 |
Fixed-Income Funds | 993,002,489 | — | — | 993,002,489 |
Money Market Funds | 3,545,380 | — | — | 3,545,380 |
Total Investments | 1,105,842,196 | — | — | 1,105,842,196 |
70 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, December 31, 2016
Common Stocks 94.4% | ||
Issuer | Shares | Value ($) |
Cambodia 2.2% | ||
NagaCorp Ltd. Casino & Entertainment Complex in Cambodia | 4,056,000 | 2,337,783 |
Cayman Islands 1.1% | ||
Bitauto Holdings Ltd., ADR(a),(b) Automotive Information Website for Buyers & Dealers | 59,444 | 1,125,869 |
China 4.8% | ||
51job, Inc., ADR(a) Integrated Human Resource Services | 59,912 | 2,025,025 |
China Medical System Holdings Ltd. Pharmaceutical & Medical Products | 808,000 | 1,275,657 |
TravelSky Technology Ltd., Class H Chinese Air Travel Transaction Processor | 836,000 | 1,752,074 |
Total | 5,052,756 | |
Finland 1.3% | ||
Tikkurila OYJ Decorative & Industrial Paint in Scandinavia, Central & Eastern Europe | 68,395 | 1,354,245 |
Hong Kong 5.0% | ||
Value Partners Group Ltd. Mutual Fund Management | 1,450,000 | 1,145,432 |
Vitasoy International Holdings Ltd. Hong Kong Soy Food Brand | 2,087,000 | 4,181,526 |
Total | 5,326,958 | |
India 16.9% | ||
Amara Raja Batteries Ltd. Indian Maker of Auto & Industrial Batteries, Mostly for the Replacement Market | 233,667 | 2,990,856 |
Credit Analysis & Research Ltd. Credit Rating Agency in India | 171,000 | 3,285,472 |
GRUH Finance Ltd. Rural & Small Town Mortgage & Home Equity Lending in India | 463,074 | 2,198,680 |
TVS Motor Co., Ltd. Indian Maker of Scooters, Mopeds, Motorcycles & Three-wheelers | 449,523 | 2,380,365 |
United Breweries Ltd. Indian Brewer | 139,000 | 1,593,919 |
Zee Entertainment Enterprises Ltd. Indian Programmer of Pay Television Content | 821,472 | 5,467,919 |
Total | 17,917,211 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Indonesia 9.4% | ||
PT Link Net Tbk Fixed Broadband & CATV Service Provider | 8,548,000 | 3,267,560 |
PT Matahari Department Store Tbk Department Store Chain in Indonesia | 1,500,000 | 1,679,015 |
PT Media Nusantara Citra Tbk Media Company in Indonesia | 22,500,000 | 2,918,929 |
PT Tower Bersama Infrastructure Tbk Communications Towers | 5,700,000 | 2,106,959 |
Total | 9,972,463 | |
Japan 0.7% | ||
Yonex Co., Ltd.(b) Branded Sporting Goods Manufacturer | 17,200 | 798,735 |
Mexico 7.0% | ||
Grupo Aeroportuario del Centro Norte SAB de CV Northern Mexican Airport Operator | 545,000 | 2,345,932 |
Hoteles City Express SAB de CV(a) Budget Hotel Operator in Mexico | 3,134,000 | 2,585,254 |
Qualitas Controladora SAB de CV Auto Insurer in Mexico & Central America | 1,766,300 | 2,500,809 |
Total | 7,431,995 | |
Panama 2.5% | ||
Banco Latinoamericano de Comercio Exterior SA, Class E Latin American Trade Financing House | 90,000 | 2,649,600 |
Philippines 3.7% | ||
Melco Crown Philippines Resorts Corp.(a) Integrated Resort Operator in Manila | 14,293,000 | 1,084,454 |
Puregold Price Club, Inc. Supermarket Operator in the Philippines | 2,199,000 | 1,725,139 |
RFM Corp. Flour, Bread, Pasta & Ice Cream Manufacturer/Distributor in the Philippines | 10,970,000 | 1,124,875 |
Total | 3,934,468 | |
Poland 2.2% | ||
Wawel SA Chocolate & Confectionery Maker in Poland | 8,800 | 2,313,216 |
Columbia Acorn Family of Funds | Annual Report 2016 | 71 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
South Africa 5.9% | ||
Coronation Fund Managers Ltd. South African Fund Manager | 284,552 | 1,455,498 |
Famous Brands Ltd. Quick Service Restaurant & Cafe Franchise System in Africa | 192,936 | 2,198,701 |
Rand Merchant Investment Holdings Ltd. Directly Sold Property & Casualty Insurance; Holdings in Other Insurers | 882,911 | 2,548,533 |
Total | 6,202,732 | |
South Korea 12.7% | ||
Koh Young Technology, Inc. Inspection Systems for Printed Circuit Boards | 87,387 | 3,266,989 |
Korea Investment Holdings Co., Ltd. Brokerage & Asset Management | 80,656 | 2,795,126 |
Medy-Tox, Inc. Botulinum Toxin ("Botox") & Dermal Fillers | 4,442 | 1,307,255 |
Modetour Network, Inc. Travel Services | 140,705 | 3,365,077 |
Sam Yung Trading Co., Ltd. Ophthalmic lenses | 90,103 | 1,316,792 |
Yuhan Corp. Pharmaceutical Manufacturing & Distribution | 8,150 | 1,344,847 |
Total | 13,396,086 | |
Spain 1.2% | ||
Prosegur Cia de Seguridad SA, Registered Shares Security Guards | 200,000 | 1,250,549 |
Sweden 1.5% | ||
Millicom International Cellular SA, SDR Telecoms Operator in Latin America & Africa | 37,336 | 1,595,384 |
Taiwan 9.7% | ||
Advantech Co., Ltd. Industrial PC & Components | 166,988 | 1,316,783 |
Largan Precision Co., Ltd. Mobile Device Camera Lenses & Modules | 25,000 | 2,914,035 |
PChome Online, Inc. Taiwanese E-commerce Company | 249,581 | 2,184,549 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Silergy Corp. Chinese Provider of Analog & Mixed Digital Integrated Circuits | 210,000 | 2,941,736 |
Vanguard International Semiconductor Corp. Semiconductor Foundry | 517,000 | 895,845 |
Total | 10,252,948 | |
Thailand 4.0% | ||
Home Product Center PCL, Foreign Registered Shares Home Improvement Retailer | 3,838,000 | 1,090,768 |
Samui Airport Property Fund Leasehold Thai Airport Operator | 4,476,100 | 3,124,852 |
Total | 4,215,620 | |
Turkey 2.6% | ||
Logo Yazilim Sanayi Ve Ticaret AS(a) Enterprise Resource Planning (ERP) Software for Small-midsized Companies | 176,662 | 2,722,385 |
Total Common Stocks (Cost: $101,122,033) | 99,851,003 | |
Securities Lending Collateral 1.1% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, (7 day yield of 0.450%)(c) | 1,161,570 | 1,161,570 |
Total Securities Lending Collateral (Cost: $1,161,570) | 1,161,570 | |
Money Market Funds 5.8% | ||
JPMorgan U.S. Government Money Market Fund, IM Shares (7 day yield of 0.445%) | 6,153,634 | 6,153,634 |
Total Money Market Funds (Cost: $6,153,634) | 6,153,634 | |
Total Investments (Cost: $108,437,237) | 107,166,207 | |
Obligation to Return Collateral for Securities Loaned | (1,161,570) | |
Other Assets & Liabilities, Net | (244,238) | |
Net Assets | $105,760,399 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2016. The total market value of securities on loan at December 31, 2016 was $1,122,619. |
(c) | Investment made with cash collateral received from securities lending activity. |
72 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, December 31, 2016
ADR | American Depositary Receipt |
SDR | Swedish Depositary Receipt |
• | Level 1 – quoted prices in active markets for identical securities |
• | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
• | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Cambodia | — | 2,337,783 | — | 2,337,783 |
Cayman Islands | 1,125,869 | — | — | 1,125,869 |
China | 2,025,025 | 3,027,731 | — | 5,052,756 |
Finland | — | 1,354,245 | — | 1,354,245 |
Hong Kong | — | 5,326,958 | — | 5,326,958 |
India | — | 17,917,211 | — | 17,917,211 |
Indonesia | — | 9,972,463 | — | 9,972,463 |
Japan | — | 798,735 | — | 798,735 |
Mexico | 7,431,995 | — | — | 7,431,995 |
Panama | 2,649,600 | — | — | 2,649,600 |
Philippines | — | 3,934,468 | — | 3,934,468 |
Poland | — | 2,313,216 | — | 2,313,216 |
South Africa | — | 6,202,732 | — | 6,202,732 |
South Korea | — | 13,396,086 | — | 13,396,086 |
Spain | — | 1,250,549 | — | 1,250,549 |
Sweden | — | 1,595,384 | — | 1,595,384 |
Taiwan | — | 10,252,948 | — | 10,252,948 |
Columbia Acorn Family of Funds | Annual Report 2016 | 73 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, December 31, 2016
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Thailand | — | 4,215,620 | — | 4,215,620 |
Turkey | — | 2,722,385 | — | 2,722,385 |
Total Common Stocks | 13,232,489 | 86,618,514 | — | 99,851,003 |
Securities Lending Collateral | 1,161,570 | — | — | 1,161,570 |
Money Market Funds | 6,153,634 | — | — | 6,153,634 |
Total Investments | 20,547,693 | 86,618,514 | — | 107,166,207 |
Investments in Securities | Balance as of December 31, 2015 | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Purchases | Sales | Transfers Into Level 3 | Transfers out of Level 3 | Balance as of December 31, 2016 |
Common Stocks | ||||||||
China | 4,620,853 | (3,958,938) | 1,779,426 | 630,060 | (3,071,400) | - | - | - |
74 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Acorn European FundSM, December 31, 2016
Common Stocks 97.3% | ||
Issuer | Shares | Value ($) |
Belgium 1.3% | ||
Melexis NV Analog & Custom Integrated Circuit Designer | 9,217 | 617,550 |
Denmark 5.0% | ||
SimCorp AS Software for Investment Managers | 29,125 | 1,419,444 |
William Demant Holding AS(a) Manufacture & Distribution of Hearing Aids & Diagnostic Equipment | 52,898 | 919,770 |
Total | 2,339,214 | |
Finland 8.0% | ||
Konecranes OYJ Manufacture & Service of Industrial Cranes & Port Handling Equipment | 13,961 | 496,433 |
Munksjo OYJ Specialty Paper Maker | 56,522 | 940,067 |
Munksjo OYJ(b) Specialty Paper Maker | 68,560 | 1,136,320 |
Tikkurila OYJ Decorative & Industrial Paint in Scandinavia, Central & Eastern Europe | 57,748 | 1,143,431 |
Total | 3,716,251 | |
France 6.4% | ||
Akka Technologies Engineering Consultancy | 36,969 | 1,347,641 |
Elior Group(c) Contract Caterer & Travel Concessionary | 39,663 | 906,838 |
Eurofins Scientific SE Food, Pharmaceuticals & Materials Screening & Testing | 1,710 | 729,013 |
Total | 2,983,492 | |
Germany 14.3% | ||
AURELIUS Equity Opportunities SE & Co. KGaA European Turnaround Investor | 20,200 | 1,181,034 |
Deutsche Beteiligungs AG Private Equity Investment Management | 14,500 | 469,166 |
Fielmann AG Retail Optician Chain | 7,724 | 509,725 |
MTU Aero Engines AG Airplane Engine Components & Services | 9,170 | 1,057,758 |
Norma Group SE Clamps for Automotive & Industrial Applications | 18,000 | 766,738 |
Rational AG Commercial Ovens | 1,080 | 481,672 |
Stroeer SE & Co. KGaA(d) Out of Home & Online Advertising | 12,323 | 540,142 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Wirecard AG(d) Online Payment Processing & Risk Management | 37,435 | 1,606,243 |
Total | 6,612,478 | |
Italy 3.5% | ||
Brembo SpA High Performance Auto Braking Systems Supplier | 10,622 | 642,922 |
Industria Macchine Automatiche SpA Food & Drugs Packaging & Machinery | 16,424 | 995,831 |
Total | 1,638,753 | |
Malta 3.8% | ||
Kindred Group PLC European Online Gaming Operator | 189,040 | 1,775,116 |
Netherlands 3.8% | ||
Aalberts Industries NV Flow Control & Heat Treatment | 30,701 | 996,023 |
Gemalto NV Digital Security Solutions | 13,475 | 779,011 |
Total | 1,775,034 | |
Norway 2.4% | ||
Atea ASA Nordic IT Hardware/Software Reseller & Integrator | 118,307 | 1,089,175 |
Poland 1.7% | ||
Wawel SA Chocolate & Confectionery Maker in Poland | 2,919 | 767,304 |
Spain 5.5% | ||
Bolsas y Mercados Españoles SHMSF SA Spanish Stock Markets | 16,000 | 471,503 |
Distribuidora Internacional de Alimentacion SA Discount Retailer in Spain & Latin America | 101,155 | 496,733 |
Prosegur Cia de Seguridad SA, Registered Shares Security Guards | 156,990 | 981,619 |
Viscofan SA Sausage Casings Maker | 11,867 | 585,241 |
Total | 2,535,096 |
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Columbia Acorn European FundSM, December 31, 2016
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sweden 8.2% | ||
Byggmax Group AB Nordic Discount DIY Retail Chain | 77,000 | 532,457 |
Recipharm AB, B Shares(d) Contract Development Manufacturing Organization | 84,554 | 1,122,981 |
Sweco AB, Class B Engineering Consultants | 59,867 | 1,184,119 |
Trelleborg AB, Class B Manufacturer of Sealing, Dampening & Protective Solutions for Industry | 47,952 | 943,713 |
Total | 3,783,270 | |
Switzerland 4.2% | ||
Inficon Holding AG Gas Detection Instruments | 1,339 | 482,582 |
Partners Group Holding AG(d) Private Markets Asset Management | 3,077 | 1,442,107 |
Total | 1,924,689 | |
Turkey 1.2% | ||
Logo Yazilim Sanayi Ve Ticaret AS(a) Enterprise Resource Planning (ERP) Software for Small-midsized Companies | 35,730 | 550,604 |
United Kingdom 28.0% | ||
Abcam PLC Online Sales of Antibodies | 92,474 | 873,057 |
Assura PLC UK Primary Health Care Property REIT | 1,039,724 | 734,144 |
Big Yellow Group PLC UK Self Storage | 90,309 | 765,334 |
Connect Group PLC Newspaper & Magazine Distributor | 440,355 | 828,964 |
Croda International PLC Oleo-chemicals & Industrial Chemicals | 14,411 | 566,778 |
Domino’s Pizza Group PLC Pizza Delivery in the UK, Ireland & Switzerland | 160,000 | 710,034 |
DS Smith PLC Packaging | 95,000 | 477,051 |
Halma PLC Health & Safety Sensor Technology | 126,231 | 1,396,554 |
Hastings Group Holdings PLC(c) General Insurance Provider | 267,297 | 813,659 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
LivaNova PLC(a) Neuromodulation & Cardiac Devices | 13,451 | 604,892 |
Ocado Group PLC(a),(d) Online Grocery Retailer | 168,528 | 548,520 |
Polypipe Group PLC Manufacturer of Plastic Piping & Fittings | 84,385 | 336,843 |
Rentokil Initial PLC Pest Control, Washroom & Workwear Service Provider | 355,932 | 973,752 |
Rightmove PLC Internet Real Estate Listings | 26,655 | 1,280,410 |
Shaftesbury PLC London Prime Retail REIT | 94,669 | 1,059,886 |
Spirax-Sarco Engineering PLC Steam Systems & Pumps for Manufacturing & Process Industries | 5,359 | 275,798 |
WH Smith PLC Newsprint, Books & General Stationery Retailer | 39,357 | 754,112 |
Total | 12,999,788 | |
Total Common Stocks (Cost: $39,782,127) | 45,107,814 | |
Securities Lending Collateral 6.8% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, (7 day yield of 0.450%)(e) | 3,133,401 | 3,133,401 |
Total Securities Lending Collateral (Cost: $3,133,401) | 3,133,401 | |
Money Market Funds 2.2% | ||
JPMorgan U.S. Government Money Market Fund, IM Shares (7 day yield of 0.445%) | 1,010,059 | 1,010,059 |
Total Money Market Funds (Cost: $1,010,059) | 1,010,059 | |
Total Investments (Cost: $43,925,587) | 49,251,274 | |
Obligation to Return Collateral for Securities Loaned | (3,133,401) | |
Other Assets & Liabilities, Net | 234,440 | |
Net Assets | $46,352,313 |
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Columbia Acorn European FundSM, December 31, 2016
(a) | Non-income producing security. |
(b) | Security is traded on a Swedish exchange. |
(c) | Represents privately placed and other securities and instruments exempt from SEC registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. The Fund may invest in private placements determined to be liquid as well as those determined to be illiquid. Private placements may be determined to be liquid under guidelines established by the Fund’s Board of Trustees. At December 31, 2016, the value of these securities amounted to $1,720,497 or 3.71% of net assets. |
(d) | All or a portion of this security was on loan at December 31, 2016. The total market value of securities on loan at December 31, 2016 was $3,019,078. |
(e) | Investment made with cash collateral received from securities lending activity. |
• | Level 1 – quoted prices in active markets for identical securities |
• | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
• | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Belgium | — | 617,550 | — | 617,550 |
Denmark | — | 2,339,214 | — | 2,339,214 |
Finland | — | 3,716,251 | — | 3,716,251 |
France | — | 2,983,492 | — | 2,983,492 |
Germany | — | 6,612,478 | — | 6,612,478 |
Italy | — | 1,638,753 | — | 1,638,753 |
Malta | — | 1,775,116 | — | 1,775,116 |
Netherlands | — | 1,775,034 | — | 1,775,034 |
Norway | — | 1,089,175 | — | 1,089,175 |
Poland | — | 767,304 | — | 767,304 |
Spain | — | 2,535,096 | — | 2,535,096 |
Sweden | — | 3,783,270 | — | 3,783,270 |
Columbia Acorn Family of Funds | Annual Report 2016 | 77 |
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Columbia Acorn European FundSM, December 31, 2016
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Switzerland | — | 1,924,689 | — | 1,924,689 |
Turkey | — | 550,604 | — | 550,604 |
United Kingdom | 604,892 | 12,394,896 | — | 12,999,788 |
Total Common Stocks | 604,892 | 44,502,922 | — | 45,107,814 |
Securities Lending Collateral | 3,133,401 | — | — | 3,133,401 |
Money Market Funds | 1,010,059 | — | — | 1,010,059 |
Total Investments | 4,748,352 | 44,502,922 | — | 49,251,274 |
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December 31, 2016
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Assets | ||||
Investments, at cost | ||||
Unaffiliated issuers, at cost | $3,392,477,409 | $3,951,461,669 | $482,686,794 | $89,185,569 |
Affiliated issuers, at cost | 96,668,256 | — | — | — |
Total investments, at cost | 3,489,145,665 | 3,951,461,669 | 482,686,794 | 89,185,569 |
Investments, at value | ||||
Unaffiliated issuers, at value (including securities on loan: $99,397,696, 162,723,470, 14,865,804 and 5,209,652, respectively) | 4,805,683,002 | 4,814,787,186 | 668,005,247 | 104,636,049 |
Affiliated issuers, at value | 98,413,616 | — | — | — |
Total investments, at value | 4,904,096,618 | 4,814,787,186 | 668,005,247 | 104,636,049 |
Foreign currency (identified cost $—, 291,610, — and 101, respectively) | — | 292,228 | — | 98 |
Receivable for: | ||||
Investments sold | 49,264,526 | 26,436,444 | 14,859,818 | 591,987 |
Capital shares sold | 2,815,608 | 32,272,348 | 267,305 | 346,759 |
Dividends | 2,437,087 | 4,659,846 | 221,571 | 85,659 |
Securities lending income | 445,518 | 179,376 | 59,527 | 1,438 |
Foreign tax reclaims | — | 3,339,524 | 1,840 | 92,641 |
Expense reimbursement due from Investment Manager | — | 668 | — | 1,632 |
Prepaid expenses | 103,017 | 103,904 | 12,318 | 1,991 |
Trustees’ deferred compensation plan | 3,719,222 | 1,502,703 | 336,601 | — |
Total assets | 4,962,881,596 | 4,883,574,227 | 683,764,227 | 105,758,254 |
Liabilities | ||||
Due upon return of securities on loan | 101,389,775 | 169,508,371 | 15,336,080 | 5,444,661 |
Payable for: | ||||
Investments purchased | 7,535,033 | 2,383,263 | 19,356,443 | 741 |
Capital shares purchased | 20,581,656 | 55,979,574 | 4,869,728 | 160,786 |
Foreign capital gains taxes deferred | — | — | — | 11,163 |
Investment advisory fee | 88,860 | 97,931 | 15,891 | 2,441 |
Distribution and/or service fees | 14,773 | 5,796 | 887 | 257 |
Transfer agent fees | 442,675 | 479,657 | 158,038 | 9,644 |
Administration fees | 6,220 | 5,970 | 831 | 128 |
Trustees’ fees | 18,738 | 16,132 | 2,414 | 68,780 |
Chief compliance officer expenses | 7,442 | 7,238 | 924 | 149 |
Other expenses | 343,446 | 649,426 | 65,965 | 47,931 |
Trustees’ deferred compensation plan | 3,719,222 | 1,502,703 | 336,601 | — |
Total liabilities | 134,147,840 | 230,636,061 | 40,143,802 | 5,746,681 |
Net assets applicable to outstanding capital stock | $4,828,733,756 | $4,652,938,166 | $643,620,425 | $100,011,573 |
Represented by | ||||
Paid in capital | 3,258,575,063 | 3,825,982,026 | 440,965,383 | 99,365,722 |
Undistributed (excess of distributions over) net investment income | (3,783,993) | 30,644,829 | (324,258) | (76,287) |
Accumulated net realized gain (loss) | 158,991,733 | (66,698,586) | 17,660,847 | (14,710,654) |
Unrealized appreciation (depreciation) on: | ||||
Investments - unaffiliated issuers | 1,413,205,593 | 863,325,517 | 185,318,453 | 15,450,480 |
Investments - affiliated issuers | 1,745,360 | — | — | — |
Foreign currency translations | — | (315,620) | — | (6,526) |
Foreign capital gains tax | — | — | — | (11,162) |
Total - representing net assets applicable to outstanding capital stock | $4,828,733,756 | $4,652,938,166 | $643,620,425 | $100,011,573 |
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December 31, 2016
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Class A | ||||
Net assets | $931,460,422 | $576,235,048 | $80,720,701 | $20,164,911 |
Shares outstanding | 69,749,177 | 15,281,929 | 5,398,822 | 944,091 |
Net asset value per share(a) | $13.35 | $37.71 | $14.95 | $21.36 |
Maximum offering price per share(b) | $14.16 | $40.01 | $15.86 | $22.66 |
Class B | ||||
Net assets | $— | $487,201 | $— | $— |
Shares outstanding | — | 13,390 | — | — |
Net asset value per share(a) | $— | $36.38 (c) | $— | $— |
Class C | ||||
Net assets | $302,119,041 | $64,547,718 | $12,087,505 | $4,345,711 |
Shares outstanding | 36,228,372 | 1,783,961 | 1,202,907 | 217,383 |
Net asset value per share(a) | $8.34 | $36.18 | $10.05 | $19.99 |
Class I | ||||
Net assets | $10,848,523 | $22,176,859 | $1,227 | $1,991 |
Shares outstanding | 704,360 | 587,108 | 70 | 92 |
Net asset value per share(d) | $15.40 | $37.77 | $17.47 (c) | $21.60 (c) |
Class R | ||||
Net assets | $— | $4,636,888 | $— | $— |
Shares outstanding | — | 122,954 | — | — |
Net asset value per share(d) | $— | $37.71 | $— | $— |
Class R4 | ||||
Net assets | $33,378,072 | $101,988,046 | $6,172,231 | $1,105,881 |
Shares outstanding | 2,107,978 | 2,681,934 | 344,163 | 50,792 |
Net asset value per share(d) | $15.83 | $38.03 | $17.93 | $21.77 |
Class R5 | ||||
Net assets | $45,474,651 | $286,786,286 | $13,763,575 | $440,246 |
Shares outstanding | 2,853,094 | 7,603,302 | 763,818 | 20,232 |
Net asset value per share(d) | $15.94 | $37.72 | $18.02 | $21.76 |
Class Y | ||||
Net assets | $79,518,124 | $239,732,607 | $38,136,274 | $322,112 |
Shares outstanding | 4,958,843 | 6,305,081 | 2,102,808 | 14,817 |
Net asset value per share(d) | $16.04 | $38.02 | $18.14 | $21.74 |
Class Z | ||||
Net assets | $3,425,934,923 | $3,356,347,513 | $492,738,912 | $73,630,721 |
Shares outstanding | 224,057,497 | 88,931,956 | 28,648,315 | 3,406,482 |
Net asset value per share(d) | $15.29 | $37.74 | $17.20 | $21.61 |
(a) | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
(b) | On sales of $50,000 or more the offering price is reduced. |
(c) | Net asset value per share rounds to this amount due to fractional shares outstanding. |
(d) | Redemption price per share is equal to net asset value. |
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December 31, 2016
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Assets | ||||
Investments, at cost | ||||
Unaffiliated issuers, at cost | $258,458,354 | $3,545,380 | $108,437,237 | $43,925,587 |
Affiliated issuers, at cost | — | 1,083,984,898 | — | — |
Total investments, at cost | 258,458,354 | 1,087,530,278 | 108,437,237 | 43,925,587 |
Investments, at value | ||||
Unaffiliated issuers, at value (including securities on loan: $—, —, 1,122,619 and 3,019,078, respectively) | 308,381,686 | 3,545,380 | 107,166,207 | 49,251,274 |
Affiliated issuers, at value | — | 1,102,296,816 | — | — |
Total investments, at value | 308,381,686 | 1,105,842,196 | 107,166,207 | 49,251,274 |
Foreign currency (identified cost $—, —, 19,437 and 1,713, respectively) | — | — | 19,417 | 1,713 |
Receivable for: | ||||
Investments sold | 4,452,507 | 1,985,474 | 209,823 | 247,376 |
Capital shares sold | 348,179 | 1,994,669 | 235,624 | 29,905 |
Dividends | 168,302 | 1,818,936 | 124,704 | 31,005 |
Securities lending income | — | — | 1,364 | 3,853 |
Foreign tax reclaims | — | — | 11,641 | 53,140 |
Expense reimbursement due from Investment Manager | — | 185 | — | 166 |
Prepaid expenses | 6,087 | 20,866 | 2,879 | 1,058 |
Trustees’ deferred compensation plan | 312,273 | — | — | — |
Other assets | — | — | — | 564 |
Total assets | 313,669,034 | 1,111,662,326 | 107,771,659 | 49,620,054 |
Liabilities | ||||
Due upon return of securities on loan | — | — | 1,161,570 | 3,133,401 |
Payable for: | ||||
Investments purchased | 2,312,792 | 1,818,936 | 8,928 | 2,884 |
Capital shares purchased | 2,561,282 | 2,103,016 | 705,271 | 78,394 |
Foreign capital gains taxes deferred | — | — | 8,189 | — |
Investment advisory fee | 5,534 | 3,025 | 3,569 | 1,503 |
Distribution and/or service fees | 1,585 | 11,987 | 759 | 371 |
Transfer agent fees | 31,371 | 77,932 | 17,078 | 5,446 |
Administration fees | 398 | 1,414 | 135 | 59 |
Trustees’ fees | 991 | 145,059 | 33,262 | 5,892 |
Chief compliance officer expenses | 482 | 1,647 | 198 | 73 |
Other expenses | 53,342 | 72,693 | 72,301 | 39,718 |
Trustees’ deferred compensation plan | 312,273 | — | — | — |
Total liabilities | 5,280,050 | 4,235,709 | 2,011,260 | 3,267,741 |
Net assets applicable to outstanding capital stock | $308,388,984 | $1,107,426,617 | $105,760,399 | $46,352,313 |
Represented by | ||||
Paid in capital | 233,632,934 | 1,074,719,113 | 194,758,807 | 50,910,235 |
Undistributed (excess of distributions over) net investment income | (319,341) | 13,506,415 | (1,216,803) | 55,698 |
Accumulated net realized gain (loss) | 25,152,059 | 889,171 | (86,502,687) | (9,933,418) |
Unrealized appreciation (depreciation) on: | ||||
Investments - unaffiliated issuers | 49,923,332 | — | (1,271,030) | 5,325,687 |
Investments - affiliated issuers | — | 18,311,918 | — | — |
Foreign currency translations | — | — | 301 | (5,889) |
Foreign capital gains tax | — | — | (8,189) | — |
Total - representing net assets applicable to outstanding capital stock | $308,388,984 | $1,107,426,617 | $105,760,399 | $46,352,313 |
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December 31, 2016
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Class A | ||||
Net assets | $119,363,900 | $398,781,216 | $49,141,319 | $26,269,210 |
Shares outstanding | 9,088,588 | 27,318,309 | 4,993,861 | 1,860,959 |
Net asset value per share(a) | $13.13 | $14.60 | $9.84 | $14.12 |
Maximum offering price per share(b) | $13.93 | $15.49 | $10.44 | $14.98 |
Class C | ||||
Net assets | $27,524,105 | $338,930,080 | $15,534,318 | $7,111,743 |
Shares outstanding | 2,984,526 | 23,182,042 | 1,585,299 | 508,304 |
Net asset value per share(a) | $9.22 | $14.62 | $9.80 | $13.99 |
Class I | ||||
Net assets | $10,910,817 | $— | $2,023 | $2,434 |
Shares outstanding | 738,244 | — | 205 | 173 |
Net asset value per share(c) | $14.78 | $— | $9.86 (d) | $14.10 (d) |
Class R4 | ||||
Net assets | $852,802 | $15,663,916 | $1,305,802 | $362,286 |
Shares outstanding | 56,362 | 1,082,257 | 131,658 | 25,555 |
Net asset value per share(c) | $15.13 | $14.47 | $9.92 | $14.18 |
Class R5 | ||||
Net assets | $1,035,650 | $12,023,710 | $806,494 | $1,262,050 |
Shares outstanding | 68,153 | 829,969 | 81,355 | 88,592 |
Net asset value per share(c) | $15.20 | $14.49 | $9.91 | $14.25 |
Class Y | ||||
Net assets | $4,388,668 | $398,823 | $1,863 | $— |
Shares outstanding | 286,665 | 27,573 | 190 | — |
Net asset value per share(c) | $15.31 | $14.46 | $9.82 (d) | $— |
Class Z | ||||
Net assets | $144,313,042 | $341,628,872 | $38,968,580 | $11,344,590 |
Shares outstanding | 9,867,482 | 23,724,749 | 3,954,722 | 803,832 |
Net asset value per share(c) | $14.63 | $14.40 | $9.85 | $14.11 |
(a) | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
(b) | On sales of $50,000 or more the offering price is reduced. |
(c) | Redemption price per share is equal to net asset value. |
(d) | Net asset value per share rounds to this amount due to fractional shares outstanding. |
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Year Ended December 31, 2016
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Net investment income | ||||
Income: | ||||
Dividends — unaffiliated issuers | $49,703,992 | $125,725,867 | $5,377,935 | $2,205,449 |
Dividends — affiliated issuers | — | 1,686,164 | — | — |
Interest | 234 | 788 | — | 14 |
Income from securities lending — net | 1,715,074 | 7,283,923 | 256,279 | 201,738 |
Foreign taxes withheld | (115,876) | (12,766,598) | (45,243) | (213,970) |
Total income | 51,303,424 | 121,930,144 | 5,588,971 | 2,193,231 |
Expenses: | ||||
Investment advisory fee | 38,178,766 | 43,794,854 | 6,082,827 | 1,037,789 |
Distribution and/or service fees | ||||
Class A | 2,756,099 | 1,741,815 | 209,739 | 61,049 |
Class B | 1,617 | 7,065 | 17 | 14 |
Class C | 3,661,493 | 779,367 | 143,160 | 47,144 |
Class R | — | 23,533 | — | — |
Transfer agent fees | ||||
Class A | 1,023,375 | 946,818 | 121,406 | 34,701 |
Class B | 1,688 | 5,577 | 141 | 37 |
Class C | 289,948 | 95,479 | 16,753 | 7,409 |
Class R | — | 8,082 | — | — |
Class R4 | 47,723 | 618,756 | 11,501 | 1,737 |
Class R5 | 27,296 | 152,871 | 12,005 | 439 |
Class Z | 2,490,169 | 3,840,756 | 741,274 | 91,413 |
Administration fees | 2,629,907 | 2,626,696 | 311,930 | 51,760 |
Trustees’ fees | 499,834 | 485,915 | 58,777 | 9,793 |
Custodian fees | 64,606 | 962,099 | 20,319 | — |
Printing and postage fees | 505,070 | 756,143 | 71,682 | 31,043 |
Registration fees | 140,910 | 169,093 | 98,705 | 93,665 |
Audit fees | 106,593 | 205,746 | 38,874 | 51,636 |
Legal fees | 914,988 | 958,878 | 111,877 | 18,091 |
Line of credit interest expense | 1,516 | — | — | — |
Chief compliance officer expenses | 655,297 | 652,365 | 83,331 | 12,916 |
Other | — | 183,394 | 40,088 | — |
Total expenses | 53,996,895 | 59,015,302 | 8,174,406 | 1,550,636 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | — | (297,187) | — | (85,117) |
Total net expenses | 53,996,895 | 58,718,115 | 8,174,406 | 1,465,519 |
Net investment income (loss) | (2,693,471) | 63,212,029 | (2,585,435) | 727,712 |
Realized and unrealized gain (loss) — net | ||||
Net realized gain (loss) on: | ||||
Investments — unaffiliated issuers | 1,607,174,198 | 25,614,402 | 184,943,364 | 407,103 |
Investments — affiliated issuers | (83,229,370) | (40,493,220) | (1,922,691) | — |
Foreign currency translations | (17,346) | 91,225 | — | (251) |
Futures contracts | (13,079,023) | — | (9,714,342) | — |
Net realized gain (loss) | 1,510,848,459 | (14,787,593) | 173,306,331 | 406,852 |
Net change in unrealized appreciation (depreciation) on: | ||||
Investments — unaffiliated issuers | (1,014,702,901) | (220,426,452) | (117,922,044) | (736,932) |
Investments — affiliated issuers | (12,165,324) | 48,595,971 | 1,467,113 | — |
Foreign currency translations | 2,210 | (83,633) | — | 16,479 |
Futures contracts | (4,292,591) | — | (465,285) | — |
Foreign capital gains tax | — | — | — | (6,775) |
Net change in unrealized appreciation (depreciation) | (1,031,158,606) | (171,914,114) | (116,920,216) | (727,228) |
Net realized and unrealized gain (loss) | 479,689,853 | (186,701,707) | 56,386,115 | (320,376) |
Net increase (decrease) in net assets resulting from operations | $476,996,382 | $(123,489,678) | $53,800,680 | $407,336 |
Columbia Acorn Family of Funds | Annual Report 2016 | 83 |
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Year Ended December 31, 2016
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Net investment income | ||||
Income: | ||||
Dividends — unaffiliated issuers | $3,101,943 | $7,948 | $3,065,864 | $1,668,499 |
Dividends — affiliated issuers | — | 21,237,704 | — | — |
Interest | — | — | 55 | — |
Income from securities lending — net | 5,947 | — | 23,400 | 122,374 |
Foreign taxes withheld | (5,800) | — | (322,610) | (165,460) |
Total income | 3,102,090 | 21,245,652 | 2,766,709 | 1,625,413 |
Expenses: | ||||
Investment advisory fee | 2,950,183 | 1,125,392 | 1,943,701 | 692,765 |
Distribution and/or service fees | ||||
Class A | 319,978 | 992,344 | 177,219 | 88,422 |
Class B | 413 | 399 | — | — |
Class C | 299,201 | 3,625,487 | 195,306 | 73,973 |
Transfer agent fees | ||||
Class A | 160,214 | 292,173 | 103,623 | 41,367 |
Class B | 508 | 248 | — | — |
Class C | 33,954 | 254,525 | 30,077 | 8,954 |
Class R4 | 1,183 | 13,348 | 3,098 | 648 |
Class R5 | 546 | 5,674 | 2,205 | 786 |
Class Z | 164,580 | 222,233 | 100,255 | 13,343 |
Administration fees | 158,617 | 514,594 | 77,335 | 26,595 |
Trustees’ fees | 29,085 | 89,172 | 15,937 | 4,832 |
Custodian fees | 6,316 | 1,586 | 128,049 | 43,380 |
Printing and postage fees | 71,488 | 142,213 | 42,085 | 27,619 |
Registration fees | 96,358 | 132,245 | 87,893 | 75,893 |
Audit fees | 38,874 | 22,799 | 69,295 | 38,484 |
Legal fees | 54,669 | 178,399 | 28,047 | 10,046 |
Line of credit interest expense | — | — | 335 | — |
Chief compliance officer expenses | 37,793 | 112,684 | 25,146 | 6,188 |
Other | 8,759 | 92,985 | 31,983 | 22,946 |
Total expenses | 4,432,719 | 7,818,500 | 3,061,589 | 1,176,241 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (694,365) | (388,322) | (9,954) | (141,465) |
Total net expenses | 3,738,354 | 7,430,178 | 3,051,635 | 1,034,776 |
Net investment income (loss) | (636,264) | 13,815,474 | (284,926) | 590,637 |
Realized and unrealized gain (loss) — net | ||||
Net realized gain (loss) on: | ||||
Investments — unaffiliated issuers | 51,362,650 | — | (47,941,233) | (4,563,222) |
Investments — affiliated issuers | — | (10,046,653) | — | — |
Capital gain distributions from underlying affiliated funds | — | 16,502,029 | — | — |
Foreign currency translations | (3,316) | — | (96,973) | (16,086) |
Futures contracts | — | — | 2,440,126 | — |
Net realized gain (loss) | 51,359,334 | 6,455,376 | (45,598,080) | (4,579,308) |
Net change in unrealized appreciation (depreciation) on: | ||||
Investments — unaffiliated issuers | (13,695,183) | — | 36,309,650 | 1,960,873 |
Investments — affiliated issuers | — | 27,501,996 | — | — |
Foreign currency translations | (1,531) | — | 1,227 | (188) |
Foreign capital gains tax | — | — | (8,189) | — |
Net change in unrealized appreciation (depreciation) | (13,696,714) | 27,501,996 | 36,302,688 | 1,960,685 |
Net realized and unrealized gain (loss) | 37,662,620 | 33,957,372 | (9,295,392) | (2,618,623) |
Net increase (decrease) in net assets resulting from operations | $37,026,356 | $47,772,846 | $(9,580,318) | $(2,027,986) |
84 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Columbia Acorn® Fund | Columbia Acorn International® | |||
Year Ended December 31, 2016 | Year Ended December 31, 2015 | Year Ended December 31, 2016 | Year Ended December 31, 2015 | |
Operations | ||||
Net investment income (loss) | $(2,693,471) | $(26,090,948) | $63,212,029 | $88,208,011 |
Net realized gain (loss) | 1,510,848,459 | 4,728,265,616 | (14,787,593) | 303,613,317 |
Net change in unrealized appreciation (depreciation) | (1,031,158,606) | (4,643,167,054) | (171,914,114) | (481,357,534) |
Net increase (decrease) in net assets resulting from operations | 476,996,382 | 59,007,614 | (123,489,678) | (89,536,206) |
Distributions to shareholders | ||||
Net investment income | ||||
Class A | — | — | (2,294,349) | (8,205,224) |
Class B | — | — | — | (1,139) |
Class C | — | — | — | (181,949) |
Class I | — | — | (250,719) | (739,480) |
Class R | — | — | (1,758) | (28,701) |
Class R4 | — | — | (643,271) | (5,718,822) |
Class R5 | — | — | (2,042,254) | (4,463,810) |
Class Y | — | — | (1,616,789) | (3,895,860) |
Class Z | — | — | (22,632,732) | (61,075,291) |
Net realized gains | ||||
Class A | (355,213,879) | (686,509,674) | (4,791,671) | (33,019,639) |
Class B | — | (1,036,254) | (6,422) | (98,847) |
Class C | (162,765,900) | (272,289,441) | (553,766) | (3,721,075) |
Class I | (6,394,000) | (10,763,307) | (367,390) | (1,983,081) |
Class R | — | — | (30,861) | (184,807) |
Class R4 | (10,648,130) | (27,922,528) | (3,192,056) | (18,460,175) |
Class R5 | (15,236,759) | (38,850,876) | (2,010,528) | (13,614,854) |
Class Y | (25,706,160) | (55,761,205) | (1,662,627) | (10,490,604) |
Class Z | (1,202,301,687) | (2,491,951,313) | (27,548,483) | (189,765,735) |
Total distributions to shareholders | (1,778,266,515) | (3,585,084,598) | (69,645,676) | (355,649,093) |
Decrease in net assets from capital stock activity | (1,063,279,983) | (5,215,215,169) | (1,887,104,246) | (555,115,070) |
Total decrease in net assets | (2,364,550,116) | (8,741,292,153) | (2,080,239,600) | (1,000,300,369) |
Net assets at beginning of year | 7,193,283,872 | 15,934,576,025 | 6,733,177,766 | 7,733,478,135 |
Net assets at end of year | $4,828,733,756 | $7,193,283,872 | $4,652,938,166 | $6,733,177,766 |
Undistributed (excess of distributions over) net investment income | $(3,783,993) | $(3,776,255) | $30,644,829 | $(35,935,510) |
Columbia Acorn Family of Funds | Annual Report 2016 | 85 |
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Columbia Acorn USA® | Columbia Acorn International SelectSM | |||
Year Ended December 31, 2016 | Year Ended December 31, 2015 | Year Ended December 31, 2016 | Year Ended December 31, 2015 | |
Operations | ||||
Net investment income (loss) | $(2,585,435) | $(5,534,984) | $727,712 | $2,055,038 |
Net realized gain | 173,306,331 | 349,086,609 | 406,852 | 1,724,919 |
Net change in unrealized appreciation (depreciation) | (116,920,216) | (348,828,350) | (727,228) | (4,516,259) |
Net increase (decrease) in net assets resulting from operations | 53,800,680 | (5,276,725) | 407,336 | (736,302) |
Distributions to shareholders | ||||
Net investment income | ||||
Class A | — | — | (128,440) | (736,335) |
Class B | — | — | — | (522) |
Class C | — | — | — | (42,697) |
Class I | — | — | (21) | (46) |
Class R4 | — | — | (10,361) | (20,748) |
Class R5 | — | — | (4,257) | (80,237) |
Class Y | — | — | (3,239) | (55,291) |
Class Z | — | — | (688,337) | (2,757,476) |
Net realized gains | ||||
Class A | (32,380,146) | (31,255,985) | — | — |
Class B | — | (16,747) | — | — |
Class C | (6,855,670) | (7,350,636) | — | — |
Class I | (535) | (598) | — | — |
Class R4 | (2,636,761) | (2,417,938) | — | — |
Class R5 | (6,082,950) | (7,965,886) | — | — |
Class Y | (13,772,136) | (11,343,762) | — | — |
Class Z | (176,812,357) | (239,084,391) | — | — |
Return of capital | ||||
Class A | — | — | (21,491) | (11,066) |
Class B | — | — | — | (45) |
Class C | — | — | — | (1,883) |
Class I | — | — | (2) | (1) |
Class R4 | — | — | (1,231) | (255) |
Class R5 | — | — | (474) | (924) |
Class Y | — | — | (333) | (2,370) |
Class Z | — | — | (79,155) | (36,925) |
Total distributions to shareholders | (238,540,555) | (299,435,943) | (937,341) | (3,746,821) |
Decrease in net assets from capital stock activity | (129,621,627) | (134,521,692) | (38,779,298) | (109,148,980) |
Proceeds from regulatory settlements | — | — | — | 33,279 |
Total decrease in net assets | (314,361,502) | (439,234,360) | (39,309,303) | (113,598,824) |
Net assets at beginning of year | 957,981,927 | 1,397,216,287 | 139,320,876 | 252,919,700 |
Net assets at end of year | $643,620,425 | $957,981,927 | $100,011,573 | $139,320,876 |
Undistributed (excess of distributions over) net investment income | $(324,258) | $2,786 | $(76,287) | $(65,144) |
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Columbia Acorn SelectSM | Columbia Thermostat FundSM | |||
Year Ended December 31, 2016 | Year Ended December 31, 2015 | Year Ended December 31, 2016 | Year Ended December 31, 2015 | |
Operations | ||||
Net investment income (loss) | $(636,264) | $(1,864,930) | $13,815,474 | $19,698,061 |
Net realized gain | 51,359,334 | 146,992,096 | 6,455,376 | 26,208,927 |
Net change in unrealized appreciation (depreciation) | (13,696,714) | (142,798,808) | 27,501,996 | (45,495,635) |
Net increase in net assets resulting from operations | 37,026,356 | 2,328,358 | 47,772,846 | 411,353 |
Distributions to shareholders | ||||
Net investment income | ||||
Class A | — | — | (2,065,216) | (7,632,819) |
Class B | — | — | — | (5,291) |
Class C | — | — | (1,254,586) | (4,362,350) |
Class R4 | — | — | (116,893) | (414,095) |
Class R5 | — | — | (93,729) | (130,360) |
Class Y | — | — | (3,227) | (7,982) |
Class Z | — | — | (2,661,104) | (7,332,645) |
Net realized gains | ||||
Class A | (20,956,929) | (62,803,525) | (7,330,165) | (8,171,921) |
Class B | — | (166,590) | — | (18,462) |
Class C | (6,613,573) | (16,611,457) | (6,807,442) | (7,171,479) |
Class I | (3,413,863) | (8,765,892) | — | — |
Class R4 | (137,648) | (363,113) | (270,622) | (420,695) |
Class R5 | (169,378) | (483,970) | (227,023) | (87,538) |
Class Y | (675,691) | (1,604,075) | (6,939) | (6,396) |
Class Z | (23,230,145) | (73,806,494) | (6,421,250) | (6,594,710) |
Total distributions to shareholders | (55,197,227) | (164,605,116) | (27,258,196) | (42,356,743) |
Decrease in net assets from capital stock activity | (72,642,815) | (105,097,358) | (15,113,859) | (116,441,845) |
Total increase (decrease) in net assets | (90,813,686) | (267,374,116) | 5,400,791 | (158,387,235) |
Net assets at beginning of year | 399,202,670 | 666,576,786 | 1,102,025,826 | 1,260,413,061 |
Net assets at end of year | $308,388,984 | $399,202,670 | $1,107,426,617 | $1,102,025,826 |
Undistributed (excess of distributions over) net investment income | $(319,341) | $(328,292) | $13,506,415 | $3,632,187 |
Columbia Acorn Family of Funds | Annual Report 2016 | 87 |
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Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||
Year Ended December 31, 2016 | Year Ended December 31, 2015 | Year Ended December 31, 2016 | Year Ended December 31, 2015 | |
Operations | ||||
Net investment income (loss) | $(284,926) | $3,811,610 | $590,637 | $361,772 |
Net realized loss | (45,598,080) | (24,300,516) | (4,579,308) | (2,562,808) |
Net change in unrealized appreciation (depreciation) | 36,302,688 | (54,447,576) | 1,960,685 | 2,934,381 |
Net increase (decrease) in net assets resulting from operations | (9,580,318) | (74,936,482) | (2,027,986) | 733,345 |
Distributions to shareholders | ||||
Net investment income | ||||
Class A | (194,500) | (1,341,423) | (259,174) | (485,566) |
Class C | — | (140,907) | (14,070) | (6,023) |
Class I | (15) | (39) | (29) | (41) |
Class R4 | (9,157) | (65,129) | (4,237) | (11,283) |
Class R5 | (6,632) | (215,834) | (14,327) | (30,715) |
Class Y | (14) | (38) | — | — |
Class Z | (333,824) | (2,691,733) | (127,499) | (213,540) |
Return of capital | ||||
Class A | (199,268) | (67,571) | — | — |
Class C | — | (17,434) | — | — |
Class I | (8) | (1) | — | — |
Class R4 | (5,302) | (5,437) | — | — |
Class R5 | (3,262) | (8,955) | — | — |
Class Y | (7) | (1) | — | — |
Class Z | (196,472) | (104,559) | — | — |
Total distributions to shareholders | (948,461) | (4,659,061) | (419,336) | (747,168) |
Increase (decrease) in net assets from capital stock activity | (159,031,334) | (127,419,052) | (13,086,756) | 25,267,406 |
Total increase (decrease) in net assets | (169,560,113) | (207,014,595) | (15,534,078) | 25,253,583 |
Net assets at beginning of year | 275,320,512 | 482,335,107 | 61,886,391 | 36,632,808 |
Net assets at end of year | $105,760,399 | $275,320,512 | $46,352,313 | $61,886,391 |
Undistributed (excess of distributions over) net investment income | $(1,216,803) | $(322,301) | $55,698 | $(196,240) |
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Columbia Acorn® Fund | Columbia Acorn International® | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2016 | December 31, 2015 | December 31, 2016 | December 31, 2015 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Class A | ||||||||
Subscriptions | 4,853,520 | 75,803,085 | 6,733,437 | 174,900,524 | 1,974,708 | 75,655,038 | 3,850,541 | 162,684,349 |
Distributions reinvested | 22,814,791 | 328,819,766 | 33,406,680 | 637,395,152 | 175,532 | 6,887,710 | 997,927 | 40,031,526 |
Redemptions | (36,704,218) | (594,559,320) | (50,291,120) | (1,430,796,125) | (7,659,549) | (295,352,503) | (6,766,388) | (282,908,269) |
Net decrease | (9,035,907) | (189,936,469) | (10,151,003) | (618,500,449) | (5,509,309) | (212,809,755) | (1,917,920) | (80,192,394) |
Class B | ||||||||
Distributions reinvested | — | — | 63,442 | 980,657 | 166 | 6,407 | 2,547 | 101,400 |
Redemptions | (93,870) | (1,194,420) | (241,010) | (5,952,788) | (29,829) | (1,084,349) | (120,833) | (4,964,593) |
Net decrease | (93,870) | (1,194,420) | (177,568) | (4,972,131) | (29,663) | (1,077,942) | (118,286) | (4,863,193) |
Class C | ||||||||
Subscriptions | 2,850,481 | 28,830,261 | 3,327,736 | 56,969,500 | 88,146 | 3,250,023 | 262,906 | 10,738,058 |
Distributions reinvested | 15,224,608 | 142,292,662 | 16,310,940 | 233,591,330 | 12,938 | 497,985 | 90,497 | 3,513,911 |
Redemptions | (16,527,105) | (189,293,788) | (14,910,753) | (328,691,291) | (670,819) | (24,917,914) | (579,254) | (23,313,955) |
Net increase (decrease) | 1,547,984 | (18,170,865) | 4,727,923 | (38,130,461) | (569,735) | (21,169,906) | (225,851) | (9,061,986) |
Class I | ||||||||
Subscriptions | 2,241,456 | 40,012,558 | 1,198,874 | 37,441,664 | 2,023,643 | 76,814,214 | 1,994,133 | 84,152,189 |
Distributions reinvested | 384,162 | 6,393,601 | 528,459 | 10,762,488 | 15,790 | 618,080 | 68,257 | 2,722,446 |
Redemptions | (3,318,699) | (60,309,700) | (1,209,267) | (37,821,638) | (2,841,410) | (108,946,434) | (1,602,514) | (67,063,363) |
Net increase (decrease) | (693,081) | (13,903,541) | 518,066 | 10,382,514 | (801,977) | (31,514,140) | 459,876 | 19,811,272 |
Class R | ||||||||
Subscriptions | — | — | — | — | 42,672 | 1,642,911 | 42,773 | 1,781,071 |
Distributions reinvested | — | — | — | — | 704 | 28,080 | 4,738 | 189,988 |
Redemptions | — | — | — | — | (46,971) | (1,810,491) | (54,390) | (2,268,431) |
Net decrease | — | — | — | — | (3,595) | (139,500) | (6,879) | (297,372) |
Class R4 | ||||||||
Subscriptions | 495,492 | 9,093,680 | 1,294,282 | 41,454,333 | 2,310,115 | 89,193,756 | 3,958,217 | 168,556,060 |
Distributions reinvested | 568,047 | 9,572,736 | 1,141,383 | 26,538,222 | 95,799 | 3,833,333 | 598,103 | 24,099,699 |
Redemptions | (1,492,520) | (27,409,512) | (7,603,327) | (246,875,440) | (12,076,499) | (488,580,771) | (2,304,606) | (96,973,701) |
Net increase (decrease) | (428,981) | (8,743,096) | (5,167,662) | (178,882,885) | (9,670,585) | (395,553,682) | 2,251,714 | 95,682,058 |
Class R5 | ||||||||
Subscriptions | 904,623 | 16,475,579 | 1,667,147 | 54,491,036 | 2,366,752 | 90,215,384 | 2,779,508 | 117,463,579 |
Distributions reinvested | 896,900 | 15,226,488 | 1,754,796 | 38,794,589 | 103,055 | 4,001,510 | 446,370 | 17,910,363 |
Redemptions | (2,784,189) | (50,798,909) | (13,665,627) | (434,966,772) | (3,057,775) | (116,417,523) | (4,574,960) | (191,668,981) |
Net decrease | (982,666) | (19,096,842) | (10,243,684) | (341,681,147) | (587,968) | (22,200,629) | (1,349,082) | (56,295,039) |
Class Y | ||||||||
Subscriptions | 631,619 | 11,532,036 | 1,179,273 | 36,748,801 | 1,867,415 | 72,910,693 | 3,320,852 | 141,178,249 |
Distributions reinvested | 1,502,317 | 25,706,160 | 2,581,951 | 55,761,205 | 83,697 | 3,278,372 | 358,119 | 14,382,629 |
Redemptions | (3,702,598) | (70,187,193) | (8,850,384) | (289,533,536) | (3,723,583) | (138,860,801) | (955,967) | (40,252,596) |
Net increase (decrease) | (1,568,662) | (32,948,997) | (5,089,160) | (197,023,530) | (1,772,471) | (62,671,736) | 2,723,004 | 115,308,282 |
Class Z | ||||||||
Subscriptions | 12,510,656 | 225,203,283 | 18,745,346 | 544,389,234 | 10,938,039 | 423,737,709 | 12,874,531 | 545,406,592 |
Distributions reinvested | 65,323,103 | 1,066,953,832 | 99,426,548 | 2,072,475,933 | 1,012,550 | 39,453,071 | 4,784,539 | 191,876,849 |
Redemptions | (115,579,393) | (2,071,442,868) | (211,292,321) | (6,463,272,247) | (41,785,744) | (1,603,157,736) | (32,736,392) | (1,372,490,139) |
Net decrease | (37,745,634) | (779,285,753) | (93,120,427) | (3,846,407,080) | (29,835,155) | (1,139,966,956) | (15,077,322) | (635,206,698) |
Total net decrease | (49,000,817) | (1,063,279,983) | (118,703,515) | (5,215,215,169) | (48,780,458) | (1,887,104,246) | (13,260,746) | (555,115,070) |
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Columbia Acorn USA® | Columbia Acorn International SelectSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2016 | December 31, 2015 | December 31, 2016 | December 31, 2015 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Class A | ||||||||
Subscriptions | 570,239 | 10,137,511 | 446,799 | 12,442,691 | 144,898 | 3,073,366 | 315,553 | 7,109,433 |
Distributions reinvested | 1,919,989 | 30,640,598 | 1,394,063 | 29,525,556 | 6,931 | 145,542 | 33,425 | 729,830 |
Redemptions | (1,785,208) | (32,134,125) | (2,231,122) | (62,632,427) | (791,209) | (16,621,178) | (1,189,717) | (26,641,940) |
Net increase (decrease) | 705,020 | 8,643,984 | (390,260) | (20,664,180) | (639,380) | (13,402,270) | (840,739) | (18,802,677) |
Class B | ||||||||
Distributions reinvested | — | — | 979 | 18,478 | — | — | 145 | 3,044 |
Redemptions | (1,541) | (21,538) | (8,693) | (214,967) | (984) | (18,165) | (16,329) | (342,841) |
Net decrease | (1,541) | (21,538) | (7,714) | (196,489) | (984) | (18,165) | (16,184) | (339,797) |
Class C | ||||||||
Subscriptions | 117,283 | 1,391,102 | 92,994 | 1,973,916 | 14,021 | 278,937 | 26,260 | 547,068 |
Distributions reinvested | 573,317 | 6,404,572 | 401,417 | 6,862,553 | — | — | 2,092 | 41,842 |
Redemptions | (566,118) | (7,483,741) | (876,405) | (20,683,050) | (66,643) | (1,312,570) | (150,553) | (3,102,184) |
Net increase (decrease) | 124,482 | 311,933 | (381,994) | (11,846,581) | (52,622) | (1,033,633) | (122,201) | (2,513,274) |
Class R4 | ||||||||
Subscriptions | 182,950 | 4,045,095 | 230,470 | 7,383,504 | 37,828 | 786,212 | 16,419 | 375,431 |
Distributions reinvested | 139,452 | 2,636,761 | 101,221 | 2,417,938 | 541 | 11,569 | 945 | 20,953 |
Redemptions | (338,183) | (6,985,619) | (222,569) | (6,906,266) | (28,908) | (628,248) | (19,415) | (437,431) |
Net increase (decrease) | (15,781) | (303,763) | 109,122 | 2,895,176 | 9,461 | 169,533 | (2,051) | (41,047) |
Class R5 | ||||||||
Subscriptions | 204,798 | 4,201,531 | 206,312 | 6,662,313 | 6,007 | 129,000 | 176,316 | 4,024,111 |
Distributions reinvested | 314,491 | 6,082,419 | 332,383 | 7,965,293 | 220 | 4,710 | 3,656 | 80,764 |
Redemptions | (939,630) | (19,229,210) | (511,388) | (16,334,571) | (90,410) | (1,874,479) | (191,151) | (4,219,124) |
Net increase (decrease) | (420,341) | (8,945,260) | 27,307 | (1,706,965) | (84,183) | (1,740,769) | (11,179) | (114,249) |
Class Y | ||||||||
Subscriptions | 160,115 | 3,363,597 | 386,715 | 12,436,567 | 9,194 | 207,948 | 221,884 | 5,050,810 |
Distributions reinvested | 722,739 | 13,771,606 | 479,575 | 11,343,169 | 166 | 3,550 | 2,474 | 57,614 |
Redemptions | (591,947) | (11,971,994) | (172,401) | (5,465,477) | (24,953) | (526,808) | (718,353) | (16,103,000) |
Net increase (decrease) | 290,907 | 5,163,209 | 693,889 | 18,314,259 | (15,593) | (315,310) | (493,995) | (10,994,576) |
Class Z | ||||||||
Subscriptions | 2,044,441 | 42,076,329 | 3,763,553 | 116,284,123 | 496,718 | 10,632,273 | 465,219 | 10,515,929 |
Distributions reinvested | 9,206,155 | 166,971,786 | 9,392,001 | 216,649,809 | 25,779 | 547,806 | 76,982 | 1,699,575 |
Redemptions | (17,240,685) | (343,518,307) | (15,006,327) | (454,250,844) | (1,578,100) | (33,618,763) | (3,963,435) | (88,558,864) |
Net decrease | (5,990,089) | (134,470,192) | (1,850,773) | (121,316,912) | (1,055,603) | (22,438,684) | (3,421,234) | (76,343,360) |
Total net decrease | (5,307,343) | (129,621,627) | (1,800,423) | (134,521,692) | (1,838,904) | (38,779,298) | (4,907,583) | (109,148,980) |
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Columbia Acorn SelectSM | Columbia Thermostat FundSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2016 | December 31, 2015 | December 31, 2016 | December 31, 2015 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Class A | ||||||||
Subscriptions | 504,342 | 6,690,492 | 909,174 | 16,532,728 | 8,041,017 | 116,448,340 | 5,851,778 | 86,714,257 |
Distributions reinvested | 1,437,616 | 19,010,001 | 3,674,508 | 57,876,468 | 598,148 | 8,686,416 | 982,225 | 14,298,982 |
Redemptions | (3,388,242) | (45,317,466) | (6,612,989) | (129,581,359) | (8,433,395) | (122,528,839) | (10,018,194) | (148,233,887) |
Net increase (decrease) | (1,446,284) | (19,616,973) | (2,029,307) | (55,172,163) | 205,770 | 2,605,917 | (3,184,191) | (47,220,648) |
Class B | ||||||||
Distributions reinvested | — | — | 13,401 | 169,957 | — | — | 1,746 | 25,841 |
Redemptions | (26,947) | (277,346) | (42,677) | (737,583) | (20,546) | (294,082) | (63,415) | (939,051) |
Net decrease | (26,947) | (277,346) | (29,276) | (567,626) | (20,546) | (294,082) | (61,669) | (913,210) |
Class C | ||||||||
Subscriptions | 247,884 | 2,349,868 | 382,060 | 4,700,279 | 3,516,437 | 51,108,804 | 4,088,021 | 60,530,214 |
Distributions reinvested | 573,270 | 5,430,627 | 1,164,079 | 13,758,410 | 433,622 | 6,322,208 | 607,884 | 8,934,025 |
Redemptions | (1,129,045) | (11,022,448) | (1,000,597) | (15,566,161) | (6,071,444) | (88,504,045) | (6,421,982) | (95,550,794) |
Net increase (decrease) | (307,891) | (3,241,953) | 545,542 | 2,892,528 | (2,121,385) | (31,073,033) | (1,726,077) | (26,086,555) |
Class I | ||||||||
Subscriptions | 2,747,662 | 39,487,939 | 2,004,428 | 43,166,378 | — | — | — | — |
Distributions reinvested | 231,745 | 3,413,645 | 528,929 | 8,765,223 | — | — | — | — |
Redemptions | (3,993,682) | (59,895,103) | (1,617,045) | (34,630,444) | — | — | — | — |
Net increase (decrease) | (1,014,275) | (16,993,519) | 916,312 | 17,301,157 | — | — | — | — |
Class R4 | ||||||||
Subscriptions | 20,875 | 314,488 | 17,318 | 391,188 | 628,375 | 9,077,683 | 658,898 | 9,737,619 |
Distributions reinvested | 9,104 | 137,648 | 21,008 | 363,113 | 26,865 | 387,442 | 57,808 | 834,675 |
Redemptions | (32,975) | (491,350) | (31,405) | (653,792) | (803,020) | (11,457,488) | (1,074,830) | (15,839,006) |
Net increase (decrease) | (2,996) | (39,214) | 6,921 | 100,509 | (147,780) | (1,992,363) | (358,124) | (5,266,712) |
Class R5 | ||||||||
Subscriptions | 34,905 | 518,997 | 59,903 | 1,367,998 | 641,667 | 9,116,272 | 247,793 | 3,638,685 |
Distributions reinvested | 11,146 | 169,161 | 27,179 | 483,307 | 22,173 | 319,988 | 15,133 | 217,898 |
Redemptions | (35,794) | (532,564) | (498,817) | (11,631,849) | (264,332) | (3,843,375) | (72,101) | (1,059,811) |
Net increase (decrease) | 10,257 | 155,594 | (411,735) | (9,780,544) | 399,508 | 5,592,885 | 190,825 | 2,796,772 |
Class Y | ||||||||
Subscriptions | 86,025 | 1,305,072 | 135,278 | 3,036,144 | 4,847 | 70,136 | 31,010 | 451,230 |
Distributions reinvested | 44,223 | 675,474 | 94,278 | 1,603,413 | 701 | 10,096 | 991 | 14,270 |
Redemptions | (162,905) | (2,480,014) | (69,617) | (1,511,253) | (2,796) | (40,341) | (34,405) | (504,325) |
Net increase (decrease) | (32,657) | (499,468) | 159,939 | 3,128,304 | 2,752 | 39,891 | (2,404) | (38,825) |
Class Z | ||||||||
Subscriptions | 573,558 | 8,420,465 | 737,164 | 14,738,554 | 7,615,049 | 109,081,660 | 6,272,816 | 91,578,896 |
Distributions reinvested | 1,406,945 | 20,616,589 | 3,661,677 | 61,844,603 | 426,415 | 6,116,187 | 659,729 | 9,468,573 |
Redemptions | (4,164,970) | (61,166,990) | (6,642,121) | (139,582,680) | (7,344,820) | (105,190,921) | (9,607,125) | (140,760,136) |
Net increase (decrease) | (2,184,467) | (32,129,936) | (2,243,280) | (62,999,523) | 696,644 | 10,006,926 | (2,674,580) | (39,712,667) |
Total net decrease | (5,005,260) | (72,642,815) | (3,084,884) | (105,097,358) | (985,037) | (15,113,859) | (7,816,220) | (116,441,845) |
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Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2016 | December 31, 2015 | December 31, 2016 | December 31, 2015 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Class A | ||||||||
Subscriptions | 511,014 | 5,151,768 | 1,020,306 | 12,073,817 | 614,988 | 8,800,628 | 1,928,835 | 29,232,277 |
Distributions reinvested | 38,980 | 390,579 | 137,596 | 1,402,102 | 18,095 | 259,128 | 31,377 | 477,264 |
Redemptions | (4,201,955) | (43,044,856) | (5,165,530) | (59,731,096) | (1,508,418) | (21,629,960) | (695,460) | (10,345,904) |
Net increase (decrease) | (3,651,961) | (37,502,509) | (4,007,628) | (46,255,177) | (875,335) | (12,570,204) | 1,264,752 | 19,363,637 |
Class C | ||||||||
Subscriptions | 87,820 | 876,756 | 131,810 | 1,573,003 | 189,633 | 2,692,628 | 233,273 | 3,486,085 |
Distributions reinvested | — | — | 15,055 | 152,813 | 926 | 14,070 | 407 | 6,019 |
Redemptions | (752,453) | (7,590,091) | (1,153,597) | (13,305,273) | (175,620) | (2,481,569) | (100,084) | (1,478,139) |
Net increase (decrease) | (664,633) | (6,713,335) | (1,006,732) | (11,579,457) | 14,939 | 225,129 | 133,596 | 2,013,965 |
Class I | ||||||||
Distributions reinvested | 2 | 23 | 4 | 40 | 2 | 29 | 3 | 41 |
Net increase | 2 | 23 | 4 | 40 | 2 | 29 | 3 | 41 |
Class R4 | ||||||||
Subscriptions | 48,605 | 497,849 | 97,765 | 1,210,590 | 6,570 | 97,107 | 78,479 | 1,189,747 |
Distributions reinvested | 1,429 | 14,438 | 6,867 | 70,526 | 296 | 4,213 | 726 | 11,246 |
Redemptions | (253,438) | (2,611,137) | (975,288) | (11,090,725) | (8,873) | (126,268) | (72,632) | (1,109,125) |
Net increase (decrease) | (203,404) | (2,098,850) | (870,656) | (9,809,609) | (2,007) | (24,948) | 6,573 | 91,868 |
Class R5 | ||||||||
Subscriptions | 79,534 | 799,097 | 420,340 | 4,899,598 | 13,780 | 200,355 | 43,183 | 661,788 |
Distributions reinvested | 966 | 9,749 | 21,708 | 222,723 | 997 | 14,301 | 2,003 | 30,678 |
Redemptions | (1,224,039) | (12,729,815) | (748,449) | (8,484,365) | (68,695) | (1,011,199) | (15,534) | (232,666) |
Net increase (decrease) | (1,143,539) | (11,920,969) | (306,401) | (3,362,044) | (53,918) | (796,543) | 29,652 | 459,800 |
Class Z | ||||||||
Subscriptions | 1,761,120 | 18,169,951 | 2,978,393 | 35,528,290 | 767,402 | 10,950,673 | 595,443 | 9,065,450 |
Distributions reinvested | 50,737 | 508,887 | 268,573 | 2,739,444 | 8,898 | 126,581 | 13,964 | 212,045 |
Redemptions | (12,253,429) | (119,474,532) | (8,078,655) | (94,680,539) | (770,123) | (10,997,473) | (404,473) | (5,939,400) |
Net increase (decrease) | (10,441,572) | (100,795,694) | (4,831,689) | (56,412,805) | 6,177 | 79,781 | 204,934 | 3,338,095 |
Total net increase (decrease) | (16,105,107) | (159,031,334) | (11,023,102) | (127,419,052) | (910,142) | (13,086,756) | 1,639,510 | 25,267,406 |
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Columbia Acorn® Fund
Year ended | Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains |
Class A | ||||||
12/31/2016 | $17.63 | (0.03) | 1.73 | 1.70 | — | (5.98) |
12/31/2015 | $30.30 | (0.12) | (0.27) (c) | (0.39) | — | (12.28) |
12/31/2014 | $35.78 | (0.08) | 0.21 | 0.13 | — | (5.61) |
12/31/2013 | $29.36 | (0.06) | 8.84 | 8.78 | (0.04) | (2.32) |
12/31/2012 | $26.63 | 0.08 | 4.53 | 4.61 | (0.06) | (1.82) |
Class C | ||||||
12/31/2016 | $13.16 | (0.11) | 1.27 | 1.16 | — | (5.98) |
12/31/2015 | $25.92 | (0.27) | (0.21) (c) | (0.48) | — | (12.28) |
12/31/2014 | $31.64 | (0.28) | 0.17 | (0.11) | — | (5.61) |
12/31/2013 | $26.34 | (0.26) | 7.88 | 7.62 | — | (2.32) |
12/31/2012 | $24.18 | (0.12) | 4.10 | 3.98 | — | (1.82) |
Class I | ||||||
12/31/2016 | $19.43 | 0.02 | 1.93 | 1.95 | — | (5.98) |
12/31/2015 | $32.03 | (0.01) | (0.31) (c) | (0.32) | — | (12.28) |
12/31/2014 | $37.37 | 0.05 | 0.22 | 0.27 | — | (5.61) |
12/31/2013 | $30.47 | 0.06 | 9.20 | 9.26 | (0.04) | (2.32) |
12/31/2012 | $27.57 | 0.26 | 4.62 | 4.88 | (0.16) | (1.82) |
Class R4 | ||||||
12/31/2016 | $19.84 | 0.00 | 1.97 | 1.97 | — | (5.98) |
12/31/2015 | $32.51 | (0.07) | (0.32) (c) | (0.39) | — | (12.28) |
12/31/2014 | $37.88 | 0.02 | 0.22 | 0.24 | — | (5.61) |
12/31/2013 | $30.90 | 0.06 | 9.29 | 9.35 | (0.05) | (2.32) |
12/31/2012 (e) | $30.59 | 0.05 | 1.84 | 1.89 | (0.12) | (1.46) |
Class R5 | ||||||
12/31/2016 | $19.92 | 0.01 | 1.99 | 2.00 | — | (5.98) |
12/31/2015 | $32.55 | (0.04) | (0.31) (c) | (0.35) | — | (12.28) |
12/31/2014 | $37.89 | 0.04 | 0.23 | 0.27 | — | (5.61) |
12/31/2013 | $30.88 | 0.07 | 9.30 | 9.37 | (0.04) | (2.32) |
12/31/2012 (g) | $30.59 | 0.06 | 1.83 | 1.89 | (0.14) | (1.46) |
Class Y | ||||||
12/31/2016 | $20.00 | 0.02 | 2.00 | 2.02 | — | (5.98) |
12/31/2015 | $32.61 | (0.02) | (0.31) (c) | (0.33) | — | (12.28) |
12/31/2014 | $37.93 | 0.05 | 0.24 | 0.29 | — | (5.61) |
12/31/2013 | $30.90 | 0.09 | 9.31 | 9.40 | (0.05) | (2.32) |
12/31/2012 (h) | $30.62 | 0.09 | 1.80 | 1.89 | (0.15) | (1.46) |
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Total distributions to shareholders | 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) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(5.98) | $13.35 | 10.06% | 1.10% (b) | 1.10% (b) | (0.21%) | 85% | $931,460 |
(12.28) | $17.63 | (1.87%) | 1.08% | 1.08% | (0.39%) | 21% | $1,388,893 |
(5.61) | $30.30 | 0.55% | 1.08% | 1.08% | (0.22%) | 17% | $2,694,610 |
(2.36) | $35.78 | 30.53% | 1.07% | 1.07% | (0.17%) | 18% | $3,869,734 |
(1.88) | $29.36 | 17.62% | 1.06% | 1.06% (d) | 0.27% | 16% | $3,233,494 |
(5.98) | $8.34 | 9.29% | 1.84% (b) | 1.84% (b) | (0.95%) | 85% | $302,119 |
(12.28) | $13.16 | (2.57%) | 1.80% | 1.80% | (1.11%) | 21% | $456,348 |
(5.61) | $25.92 | (0.16%) | 1.77% | 1.77% | (0.92%) | 17% | $776,370 |
(2.32) | $31.64 | 29.58% | 1.78% | 1.78% | (0.88%) | 18% | $938,644 |
(1.82) | $26.34 | 16.77% | 1.80% | 1.80% (d) | (0.46%) | 16% | $756,709 |
(5.98) | $15.40 | 10.44% | 0.76% (b) | 0.76% (b) | 0.12% | 85% | $10,849 |
(12.28) | $19.43 | (1.53%) | 0.73% | 0.73% | (0.02%) | 21% | $27,151 |
(5.61) | $32.03 | 0.91% | 0.70% | 0.70% | 0.14% | 17% | $28,164 |
(2.36) | $37.37 | 30.99% | 0.70% | 0.70% | 0.16% | 18% | $20,383 |
(1.98) | $30.47 | 18.02% | 0.72% | 0.72% (d) | 0.86% | 16% | $58,652 |
(5.98) | $15.83 | 10.32% | 0.89% (b) | 0.89% (b) | — | 85% | $33,378 |
(12.28) | $19.84 | (1.75%) | 0.89% | 0.89% | (0.23%) | 21% | $50,335 |
(5.61) | $32.51 | 0.81% | 0.84% | 0.84% | 0.05% | 17% | $250,457 |
(2.37) | $37.88 | 30.85% | 0.80% | 0.80% | 0.16% | 18% | $74,188 |
(1.58) | $30.90 | 6.31% | 0.87% (f) | 0.86% (d),(f) | 1.24% (f) | 16% | $17 |
(5.98) | $15.94 | 10.43% | 0.81% (b) | 0.81% (b) | 0.08% | 85% | $45,475 |
(12.28) | $19.92 | (1.60%) | 0.77% | 0.77% | (0.11%) | 21% | $76,412 |
(5.61) | $32.55 | 0.89% | 0.76% | 0.76% | 0.10% | 17% | $458,223 |
(2.36) | $37.89 | 30.94% | 0.75% | 0.75% | 0.20% | 18% | $496,906 |
(1.60) | $30.88 | 6.33% | 0.82% (f) | 0.81% (d),(f) | 1.29% (f) | 16% | $3 |
(5.98) | $16.04 | 10.50% | 0.76% (b) | 0.76% (b) | 0.12% | 85% | $79,518 |
(12.28) | $20.00 | (1.54%) | 0.73% | 0.73% | (0.06%) | 21% | $130,546 |
(5.61) | $32.61 | 0.94% | 0.70% | 0.70% | 0.13% | 17% | $378,780 |
(2.37) | $37.93 | 30.99% | 0.70% | 0.70% | 0.26% | 18% | $1,227,891 |
(1.61) | $30.90 | 6.34% | 0.75% (f) | 0.75% (d),(f) | 2.21% (f) | 16% | $67,012 |
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Columbia Acorn® Fund
Year ended | Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains |
Class Z | ||||||
12/31/2016 | $19.34 | 0.01 | 1.92 | 1.93 | — | (5.98) |
12/31/2015 | $31.95 | (0.04) | (0.29) (c) | (0.33) | — | (12.28) |
12/31/2014 | $37.32 | 0.02 | 0.22 | 0.24 | — | (5.61) |
12/31/2013 | $30.45 | 0.04 | 9.19 | 9.23 | (0.04) | (2.32) |
12/31/2012 | $27.56 | 0.17 | 4.69 | 4.86 | (0.15) | (1.82) |
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, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Ratios include line of credit interest expense which is less than 0.01%. |
(c) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statements of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Class R4 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(f) | Annualized. |
(g) | Class R5 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(h) | Class Y shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
96 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Total distributions to shareholders | 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) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(5.98) | $15.29 | 10.39% | 0.82% (b) | 0.82% (b) | 0.07% | 85% | $3,425,935 |
(12.28) | $19.34 | (1.57%) | 0.80% | 0.80% | (0.11%) | 21% | $5,062,313 |
(5.61) | $31.95 | 0.82% | 0.79% | 0.79% | 0.07% | 17% | $11,340,770 |
(2.36) | $37.32 | 30.90% | 0.78% | 0.78% | 0.12% | 18% | $14,703,948 |
(1.97) | $30.45 | 17.93% | 0.78% | 0.78% (d) | 0.57% | 16% | $13,374,355 |
Columbia Acorn Family of Funds | Annual Report 2016 | 97 |
Table of Contents
Columbia Acorn International®
Year ended | Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains |
Class A | ||||||
12/31/2016 | $39.08 | 0.35 | (1.31) | (0.96) | (0.15) | (0.26) |
12/31/2015 | $41.68 | 0.39 | (1.02) | (0.63) | (0.40) | (1.57) |
12/31/2014 | $46.63 | 0.42 | (2.51) | (2.09) | (0.55) | (2.31) |
12/31/2013 | $40.79 | 0.45 | 8.37 | 8.82 | (1.05) | (1.93) |
12/31/2012 | $34.15 | 0.47 | 6.75 | 7.22 | (0.58) | — |
Class B | ||||||
12/31/2016 | $37.80 | 0.07 | (1.23) | (1.16) | — | (0.26) |
12/31/2015 | $40.38 | 0.02 | (1.01) | (0.99) | (0.02) | (1.57) |
12/31/2014 | $45.24 | 0.07 | (2.42) | (2.35) | (0.20) | (2.31) |
12/31/2013 | $39.67 | 0.12 | 8.10 | 8.22 | (0.72) | (1.93) |
12/31/2012 | $33.17 | 0.19 | 6.55 | 6.74 | (0.24) | — |
Class C | ||||||
12/31/2016 | $37.65 | 0.05 | (1.26) | (1.21) | — | (0.26) |
12/31/2015 | $40.20 | 0.07 | (0.97) | (0.90) | (0.08) | (1.57) |
12/31/2014 | $45.04 | 0.07 | (2.40) | (2.33) | (0.20) | (2.31) |
12/31/2013 | $39.50 | 0.10 | 8.08 | 8.18 | (0.71) | (1.93) |
12/31/2012 | $33.03 | 0.18 | 6.52 | 6.70 | (0.23) | — |
Class I | ||||||
12/31/2016 | $39.15 | 0.45 | (1.29) | (0.84) | (0.28) | (0.26) |
12/31/2015 | $41.76 | 0.52 | (1.00) | (0.48) | (0.56) | (1.57) |
12/31/2014 | $46.71 | 0.59 | (2.51) | (1.92) | (0.72) | (2.31) |
12/31/2013 | $40.86 | 0.66 | 8.34 | 9.00 | (1.22) | (1.93) |
12/31/2012 | $34.33 | 0.57 | 6.83 | 7.40 | (0.87) | — |
Class R | ||||||
12/31/2016 | $39.07 | 0.21 | (1.30) | (1.09) | (0.01) | (0.26) |
12/31/2015 | $41.67 | 0.23 | (1.02) | (0.79) | (0.24) | (1.57) |
12/31/2014 | $46.60 | 0.24 | (2.50) | (2.26) | (0.36) | (2.31) |
12/31/2013 | $40.79 | 0.26 | 8.36 | 8.62 | (0.88) | (1.93) |
12/31/2012 | $34.11 | 0.21 | 6.89 | 7.10 | (0.42) | — |
Class R4 | ||||||
12/31/2016 | $39.41 | 0.48 | (1.38) | (0.90) | (0.22) | (0.26) |
12/31/2015 | $42.02 | 0.47 | (1.03) | (0.56) | (0.48) | (1.57) |
12/31/2014 | $46.99 | 0.50 | (2.52) | (2.02) | (0.64) | (2.31) |
12/31/2013 | $41.08 | 0.34 | 8.67 | 9.01 | (1.17) | (1.93) |
12/31/2012 (e) | $39.86 | (0.00) (c) | 1.81 | 1.81 | (0.59) | — |
Class R5 | ||||||
12/31/2016 | $39.10 | 0.44 | (1.30) | (0.86) | (0.26) | (0.26) |
12/31/2015 | $41.71 | 0.54 | (1.05) | (0.51) | (0.53) | (1.57) |
12/31/2014 | $46.66 | 0.57 | (2.51) | (1.94) | (0.70) | (2.31) |
12/31/2013 | $40.81 | 0.63 | 8.34 | 8.97 | (1.19) | (1.93) |
12/31/2012 | $34.31 | 0.75 | 6.62 | 7.37 | (0.87) | — |
98 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Total distributions to shareholders | Proceeds from regulatory settlements | 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) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(0.41) | — | $37.71 | (2.51%) (b) | 1.27% | 1.23% | 0.90% | 46% | $576,235 |
(1.97) | — | $39.08 | (1.59%) (b) | 1.28% | 1.24% | 0.93% | 50% | $812,479 |
(2.86) | — | $41.68 | (4.58%) (b) | 1.26% | 1.22% | 0.91% | 28% | $946,553 |
(2.98) | — | $46.63 | 22.00% (b) | 1.27% | 1.23% | 1.02% | 45% | $1,089,263 |
(0.58) | 0.00 (c) | $40.79 | 21.21% (b) | 1.28% | 1.24% (d) | 1.22% | 33% | $1,007,236 |
(0.26) | — | $36.38 | (3.11%) (b) | 2.22% | 1.91% | 0.18% | 46% | $487 |
(1.59) | — | $37.80 | (2.53%) (b) | 2.17% | 2.14% | 0.05% | 50% | $1,628 |
(2.51) | — | $40.38 | (5.29%) (b) | 2.00% | 1.97% | 0.16% | 28% | $6,516 |
(2.65) | — | $45.24 | 21.08% (b) | 2.00% | 1.97% | 0.27% | 45% | $13,218 |
(0.24) | 0.00 (c) | $39.67 | 20.33% (b) | 2.00% | 1.97% (d) | 0.51% | 33% | $17,910 |
(0.26) | — | $36.18 | (3.26%) (b) | 2.01% | 1.99% | 0.13% | 46% | $64,548 |
(1.65) | — | $37.65 | (2.33%) (b) | 2.01% | 1.99% | 0.18% | 50% | $88,606 |
(2.51) | — | $40.20 | (5.27%) (b) | 1.99% | 1.97% | 0.16% | 28% | $103,691 |
(2.64) | — | $45.04 | 21.07% (b) | 2.01% | 1.99% | 0.23% | 45% | $110,875 |
(0.23) | 0.00 (c) | $39.50 | 20.31% (b) | 2.02% | 2.00% (d) | 0.48% | 33% | $92,748 |
(0.54) | — | $37.77 | (2.18%) | 0.88% | 0.88% | 1.18% | 46% | $22,177 |
(2.13) | — | $39.15 | (1.23%) | 0.88% | 0.88% | 1.23% | 50% | $54,382 |
(3.03) | — | $41.76 | (4.20%) | 0.85% | 0.85% | 1.26% | 28% | $38,804 |
(3.15) | — | $46.71 | 22.43% | 0.85% | 0.85% | 1.49% | 45% | $29,418 |
(0.87) | 0.00 (c) | $40.86 | 21.69% | 0.88% | 0.88% (d) | 1.48% | 33% | $97,484 |
(0.27) | — | $37.71 | (2.82%) | 1.55% | 1.55% | 0.55% | 46% | $4,637 |
(1.81) | — | $39.07 | (1.98%) | 1.62% | 1.62% | 0.54% | 50% | $4,945 |
(2.67) | — | $41.67 | (4.95%) | 1.63% | 1.63% | 0.52% | 28% | $5,560 |
(2.81) | — | $46.60 | 21.50% | 1.63% | 1.63% | 0.58% | 45% | $5,822 |
(0.42) | 0.00 (c) | $40.79 | 20.83% | 1.52% | 1.51% (d) | 0.54% | 33% | $2,799 |
(0.48) | — | $38.03 | (2.32%) | 1.05% | 1.05% | 1.22% | 46% | $101,988 |
(2.05) | — | $39.41 | (1.41%) | 1.06% | 1.06% | 1.10% | 50% | $486,763 |
(2.95) | — | $42.02 | (4.39%) | 1.04% | 1.04% | 1.07% | 28% | $424,425 |
(3.10) | — | $46.99 | 22.32% | 1.03% | 1.03% | 0.73% | 45% | $355,616 |
(0.59) | — | $41.08 | 4.57% | 1.03% (f) | 1.02% (d),(f) | (0.02%) (f) | 33% | $15 |
(0.52) | — | $37.72 | (2.23%) | 0.93% | 0.93% | 1.15% | 46% | $286,786 |
(2.10) | — | $39.10 | (1.29%) | 0.92% | 0.92% | 1.26% | 50% | $320,252 |
(3.01) | — | $41.71 | (4.25%) | 0.90% | 0.90% | 1.23% | 28% | $397,882 |
(3.12) | — | $46.66 | 22.38% | 0.91% | 0.91% | 1.40% | 45% | $274,415 |
(0.87) | 0.00 (c) | $40.81 | 21.61% | 0.89% | 0.89% (d) | 1.99% | 33% | $242 |
Columbia Acorn Family of Funds | Annual Report 2016 | 99 |
Table of Contents
Columbia Acorn International®
Year ended | Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains |
Class Y | ||||||
12/31/2016 | $39.41 | 0.47 | (1.32) | (0.85) | (0.28) | (0.26) |
12/31/2015 | $42.02 | 0.53 | (1.01) | (0.48) | (0.56) | (1.57) |
12/31/2014 | $46.99 | 0.58 | (2.52) | (1.94) | (0.72) | (2.31) |
12/31/2013 | $41.08 | 0.57 | 8.48 | 9.05 | (1.21) | (1.93) |
12/31/2012 (g) | $39.90 | 0.04 | 1.78 | 1.82 | (0.64) | — |
Class Z | ||||||
12/31/2016 | $39.12 | 0.44 | (1.32) | (0.88) | (0.24) | (0.26) |
12/31/2015 | $41.73 | 0.51 | (1.03) | (0.52) | (0.52) | (1.57) |
12/31/2014 | $46.68 | 0.56 | (2.51) | (1.95) | (0.69) | (2.31) |
12/31/2013 | $40.84 | 0.58 | 8.38 | 8.96 | (1.19) | (1.93) |
12/31/2012 | $34.31 | 0.59 | 6.78 | 7.37 | (0.84) | — |
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) | Had the Investment Manager and/or its affiliates not waived a portion of expenses, total return would have been reduced. |
(c) | Rounds to zero. |
(d) | The benefits derived from custody fees paid indirectly had an impact of 0.01%. |
(e) | Class R4 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(f) | Annualized. |
(g) | Class Y shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
100 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Total distributions to shareholders | Proceeds from regulatory settlements | 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) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(0.54) | — | $38.02 | (2.19%) | 0.88% | 0.88% | 1.20% | 46% | $239,733 |
(2.13) | — | $39.41 | (1.23%) | 0.88% | 0.88% | 1.26% | 50% | $318,326 |
(3.03) | — | $42.02 | (4.21%) | 0.85% | 0.85% | 1.25% | 28% | $225,012 |
(3.14) | — | $46.99 | 22.44% | 0.86% | 0.86% | 1.26% | 45% | $155,140 |
(0.64) | — | $41.08 | 4.59% | 0.91% (f) | 0.90% (f) | 0.75% (f) | 33% | $30,856 |
(0.50) | — | $37.74 | (2.28%) | 0.98% | 0.98% | 1.13% | 46% | $3,356,348 |
(2.09) | — | $39.12 | (1.33%) | 0.97% | 0.97% | 1.21% | 50% | $4,645,797 |
(3.00) | — | $41.73 | (4.28%) | 0.93% | 0.93% | 1.20% | 28% | $5,585,035 |
(3.12) | — | $46.68 | 22.33% | 0.93% | 0.93% | 1.30% | 45% | $6,293,552 |
(0.84) | 0.00 (c) | $40.84 | 21.60% | 0.93% | 0.93% (d) | 1.53% | 33% | $5,494,506 |
Columbia Acorn Family of Funds | Annual Report 2016 | 101 |
Table of Contents
Columbia Acorn USA®
Year ended | Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains |
Class A | ||||||
12/31/2016 | $20.25 | (0.11) | 2.43 | 2.32 | — | (7.62) |
12/31/2015 | $29.13 | (0.18) | (0.18) (b) | (0.36) | — | (8.52) |
12/31/2014 | $34.15 | (0.20) | 1.22 | 1.02 | — | (6.04) |
12/31/2013 | $28.21 | (0.15) | 9.09 | 8.94 | — | (3.00) |
12/31/2012 | $25.94 | 0.02 | 4.73 | 4.75 | (0.11) | (2.37) |
Class C | ||||||
12/31/2016 | $16.00 | (0.18) | 1.85 | 1.67 | — | (7.62) |
12/31/2015 | $24.98 | (0.33) | (0.13) (b) | (0.46) | — | (8.52) |
12/31/2014 | $30.33 | (0.37) | 1.06 | 0.69 | — | (6.04) |
12/31/2013 | $25.49 | (0.33) | 8.17 | 7.84 | — | (3.00) |
12/31/2012 | $23.72 | (0.16) | 4.30 | 4.14 | — | (2.37) |
Class I | ||||||
12/31/2016 | $22.40 | (0.03) | 2.72 | 2.69 | — | (7.62) |
12/31/2015 | $31.19 | (0.07) | (0.20) (b) | (0.27) | — | (8.52) |
12/31/2014 | $35.99 | (0.06) | 1.30 | 1.24 | — | (6.04) |
12/31/2013 | $29.47 | (0.02) | 9.54 | 9.52 | — | (3.00) |
12/31/2012 | $27.00 | (0.10) | 5.16 | 5.06 | (0.22) | (2.37) |
Class R4 | ||||||
12/31/2016 | $22.85 | (0.07) | 2.77 | 2.70 | — | (7.62) |
12/31/2015 | $31.70 | (0.13) | (0.20) (b) | (0.33) | — | (8.52) |
12/31/2014 | $36.55 | (0.11) | 1.30 | 1.19 | — | (6.04) |
12/31/2013 | $29.92 | 0.00 (e) | 9.63 | 9.63 | — | (3.00) |
12/31/2012 (f) | $30.06 | 0.06 | 2.28 | 2.34 | (0.16) | (2.32) |
Class R5 | ||||||
12/31/2016 | $22.90 | (0.06) | 2.80 | 2.74 | — | (7.62) |
12/31/2015 | $31.71 | (0.10) | (0.19) (b) | (0.29) | — | (8.52) |
12/31/2014 | $36.53 | (0.06) | 1.28 | 1.22 | — | (6.04) |
12/31/2013 | $29.90 | 0.02 | 9.61 | 9.63 | — | (3.00) |
12/31/2012 (h) | $30.06 | 0.07 | 2.27 | 2.34 | (0.18) | (2.32) |
Class Y | ||||||
12/31/2016 | $22.99 | (0.04) | 2.81 | 2.77 | — | (7.62) |
12/31/2015 | $31.80 | (0.08) | (0.21) (b) | (0.29) | — | (8.52) |
12/31/2014 | $36.59 | (0.07) | 1.32 | 1.25 | — | (6.04) |
12/31/2013 | $29.93 | 0.02 | 9.64 | 9.66 | — | (3.00) |
12/31/2012 (i) | $30.10 | 0.07 | 2.27 | 2.34 | (0.19) | (2.32) |
102 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Total distributions to shareholders | 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) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(7.62) | $14.95 | 12.70% | 1.41% | 1.41% | (0.58%) | 98% | $80,721 |
(8.52) | $20.25 | (1.60%) | 1.34% | 1.34% | (0.63%) | 35% | $95,048 |
(6.04) | $29.13 | 3.35% | 1.33% | 1.33% | (0.60%) | 12% | $148,089 |
(3.00) | $34.15 | 32.34% | 1.32% | 1.32% | (0.46%) | 17% | $201,559 |
(2.48) | $28.21 | 18.67% | 1.32% (c) | 1.32% (c),(d) | 0.08% | 14% | $152,164 |
(7.62) | $10.05 | 11.92% | 2.13% | 2.13% | (1.31%) | 98% | $12,088 |
(8.52) | $16.00 | (2.28%) | 2.02% | 2.02% | (1.32%) | 35% | $17,255 |
(6.04) | $24.98 | 2.67% | 2.00% | 2.00% | (1.26%) | 12% | $36,476 |
(3.00) | $30.33 | 31.47% | 2.00% | 2.00% | (1.14%) | 17% | $40,395 |
(2.37) | $25.49 | 17.82% | 2.05% (c) | 2.05% (c),(d) | (0.61%) | 14% | $31,410 |
(7.62) | $17.47 | 13.16% | 0.98% | 0.98% | (0.16%) | 98% | $1 |
(8.52) | $22.40 | (1.19%) | 0.92% | 0.92% | (0.23%) | 35% | $2 |
(6.04) | $31.19 | 3.80% | 0.88% | 0.88% | (0.17%) | 12% | $2 |
(3.00) | $35.99 | 32.93% | 0.90% | 0.90% | (0.04%) | 17% | $4 |
(2.59) | $29.47 | 19.10% | 0.96% | 0.96% (d) | (0.33%) | 14% | $3 |
(7.62) | $17.93 | 12.93% | 1.18% | 1.18% | (0.35%) | 98% | $6,172 |
(8.52) | $22.85 | (1.36%) | 1.12% | 1.12% | (0.40%) | 35% | $8,224 |
(6.04) | $31.70 | 3.60% | 1.07% | 1.07% | (0.32%) | 12% | $7,952 |
(3.00) | $36.55 | 32.80% | 1.00% | 1.00% | 0.01% | 17% | $6,441 |
(2.48) | $29.92 | 8.06% | 1.14% (c),(g) | 1.14% (c),(d),(g) | 1.51% (g) | 14% | $15 |
(7.62) | $18.02 | 13.09% | 1.07% | 1.07% | (0.27%) | 98% | $13,764 |
(8.52) | $22.90 | (1.23%) | 1.01% | 1.01% | (0.30%) | 35% | $27,112 |
(6.04) | $31.71 | 3.68% | 0.99% | 0.99% | (0.17%) | 12% | $36,689 |
(3.00) | $36.53 | 32.83% | 0.97% | 0.97% | 0.06% | 17% | $6,068 |
(2.50) | $29.90 | 8.06% | 1.12% (g) | 1.12% (d),(g) | 1.53% (g) | 14% | $2 |
(7.62) | $18.14 | 13.18% | 1.01% | 1.01% | (0.18%) | 98% | $38,136 |
(8.52) | $22.99 | (1.23%) | 0.97% | 0.97% | (0.25%) | 35% | $41,658 |
(6.04) | $31.80 | 3.76% | 0.93% | 0.93% | (0.19%) | 12% | $35,551 |
(3.00) | $36.59 | 32.89% | 0.93% | 0.93% | 0.07% | 17% | $48,479 |
(2.51) | $29.93 | 8.07% | 1.04% (g) | 1.04% (d),(g) | 1.62% (g) | 14% | $2 |
Columbia Acorn Family of Funds | Annual Report 2016 | 103 |
Table of Contents
Columbia Acorn USA®
Year ended | Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains |
Class Z | ||||||
12/31/2016 | $22.19 | (0.07) | 2.70 | 2.63 | — | (7.62) |
12/31/2015 | $31.03 | (0.12) | (0.20) (b) | (0.32) | — | (8.52) |
12/31/2014 | $35.90 | (0.12) | 1.29 | 1.17 | — | (6.04) |
12/31/2013 | $29.45 | (0.07) | 9.52 | 9.45 | — | (3.00) |
12/31/2012 | $26.98 | 0.11 | 4.92 | 5.03 | (0.19) | (2.37) |
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, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statements of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(c) | Ratios include line of credit interest expense which is less than 0.01%. |
(d) | The benefits derived from custody fees paid indirectly had an impact of less than 0.01%. |
(e) | Rounds to zero. |
(f) | Class R4 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(g) | Annualized. |
(h) | Class R5 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(i) | Class Y shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
104 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Total distributions to shareholders | 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) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(7.62) | $17.20 | 13.00% | 1.16% | 1.16% | (0.34%) | 98% | $492,739 |
(8.52) | $22.19 | (1.36%) | 1.10% | 1.10% | (0.40%) | 35% | $768,658 |
(6.04) | $31.03 | 3.61% | 1.08% | 1.08% | (0.34%) | 12% | $1,132,223 |
(3.00) | $35.90 | 32.72% | 1.06% | 1.06% | (0.20%) | 17% | $1,496,775 |
(2.56) | $29.45 | 18.98% | 1.07% (c) | 1.07% (c),(d) | 0.36% | 14% | $1,415,442 |
Columbia Acorn Family of Funds | Annual Report 2016 | 105 |
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Columbia Acorn International SelectSM
Year ended | Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Tax return of capital |
Class A | |||||||
12/31/2016 | $21.33 | 0.10 | 0.09 (b) | 0.19 | (0.14) | — | (0.02) |
12/31/2015 | $22.04 | 0.17 | (0.45) | (0.28) | (0.42) | — | (0.01) |
12/31/2014 | $26.91 | 0.29 | (2.17) | (1.88) | (0.10) | (2.89) | — |
12/31/2013 | $25.61 | 0.29 | 3.29 | 3.58 | (0.37) | (1.91) | — |
12/31/2012 | $24.26 | 0.39 | 4.92 | 5.31 | (1.75) | (2.21) | — |
Class C | |||||||
12/31/2016 | $19.96 | (0.06) | 0.09 (b) | 0.03 | — | — | — |
12/31/2015 | $20.54 | (0.01) | (0.41) | (0.42) | (0.15) | — | (0.01) |
12/31/2014 | $25.39 | 0.07 | (2.03) | (1.96) | — | (2.89) | — |
12/31/2013 | $24.28 | 0.08 | 3.10 | 3.18 | (0.16) | (1.91) | — |
12/31/2012 | $23.17 | 0.18 | 4.67 | 4.85 | (1.53) | (2.21) | — |
Class I | |||||||
12/31/2016 | $21.57 | 0.18 | 0.10 (b) | 0.28 | (0.23) | — | (0.02) |
12/31/2015 | $22.29 | 0.24 | (0.45) | (0.21) | (0.50) | — | (0.01) |
12/31/2014 | $27.19 | 0.39 | (2.20) | (1.81) | (0.20) | (2.89) | — |
12/31/2013 | $25.85 | 0.39 | 3.32 | 3.71 | (0.46) | (1.91) | — |
12/31/2012 | $24.45 | 0.51 | 4.94 | 5.45 | (1.84) | (2.21) | — |
Class R4 | |||||||
12/31/2016 | $21.74 | 0.17 | 0.08 (b) | 0.25 | (0.20) | — | (0.02) |
12/31/2015 | $22.45 | 0.22 | (0.44) | (0.22) | (0.48) | — | (0.01) |
12/31/2014 | $27.36 | 0.37 | (2.22) | (1.85) | (0.17) | (2.89) | — |
12/31/2013 | $25.99 | 0.29 | 3.42 | 3.71 | (0.43) | (1.91) | — |
12/31/2012 (l) | $29.98 | (0.02) | (0.09) (b) | (0.11) | (1.79) | (2.09) | — |
Class R5 | |||||||
12/31/2016 | $21.72 | 0.16 | 0.11 (b) | 0.27 | (0.21) | — | (0.02) |
12/31/2015 | $22.43 | 0.22 | (0.42) | (0.20) | (0.50) | — | (0.01) |
12/31/2014 | $27.34 | 0.36 | (2.19) | (1.83) | (0.19) | (2.89) | — |
12/31/2013 | $25.98 | 0.38 | 3.35 | 3.73 | (0.46) | (1.91) | — |
12/31/2012 (p) | $29.98 | (0.02) | (0.09) (b) | (0.11) | (1.80) | (2.09) | — |
Class Y | |||||||
12/31/2016 | $21.71 | 0.16 | 0.12 (b) | 0.28 | (0.23) | — | (0.02) |
12/31/2015 | $22.42 | 0.28 | (0.47) | (0.19) | (0.51) | — | (0.01) |
12/31/2014 | $27.33 | 0.40 | (2.21) | (1.81) | (0.21) | (2.89) | — |
12/31/2013 | $25.98 | 0.11 | 3.62 | 3.73 | (0.47) | (1.91) | — |
12/31/2012 (r) | $29.99 | (0.02) | (0.09) (b) | (0.11) | (1.81) | (2.09) | — |
106 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Total distributions to shareholders | Proceeds from regulatory settlements | 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) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(0.16) | — | $21.36 | 0.90% (c) | 1.55% (d) | 1.48% (d) | 0.49% | 49% | $20,165 |
(0.43) | 0.00 (e) | $21.33 | (1.30%) (f) | 1.55% | 1.55% | 0.74% | 59% | $33,772 |
(2.99) | — | $22.04 | (7.06%) | 1.47% | 1.47% | 1.05% | 58% | $53,419 |
(2.28) | — | $26.91 | 14.42% | 1.47% | 1.47% | 1.08% | 72% | $73,911 |
(3.96) | — | $25.61 | 22.05% | 1.49% (g) | 1.49% (g),(h) | 1.43% | 63% | $74,167 |
— | — | $19.99 | 0.15% (c) | 2.31% (i) | 2.23% (i) | (0.29%) | 49% | $4,346 |
(0.16) | 0.00 (e) | $19.96 | (2.05%) (f) | 2.32% | 2.32% | (0.06%) | 59% | $5,390 |
(2.89) | — | $20.54 | (7.80%) | 2.23% | 2.23% | 0.29% | 58% | $8,057 |
(2.07) | — | $25.39 | 13.52% | 2.26% | 2.26% | 0.32% | 72% | $10,311 |
(3.74) | — | $24.28 | 21.10% | 2.28% (g) | 2.27% (g),(h) | 0.67% | 63% | $9,786 |
(0.25) | — | $21.60 | 1.34% (c) | 1.12% (j) | 1.03% (j) | 0.85% | 49% | $2 |
(0.51) | 0.00 (e) | $21.57 | (0.97%) (f) | 1.18% | 1.18% | 1.05% | 59% | $2 |
(3.09) | — | $22.29 | (6.72%) | 1.11% | 1.11% | 1.41% | 58% | $2 |
(2.37) | — | $27.19 | 14.82% | 1.13% | 1.13% | 1.43% | 72% | $3 |
(4.05) | — | $25.85 | 22.48% | 1.15% | 1.14% (h) | 1.84% | 63% | $2 |
(0.22) | — | $21.77 | 1.15% (c) | 1.29% (k) | 1.21% (k) | 0.77% | 49% | $1,106 |
(0.49) | 0.00 (e) | $21.74 | (1.00%) (f) | 1.27% | 1.27% | 0.97% | 59% | $898 |
(3.06) | — | $22.45 | (6.83%) | 1.21% | 1.21% | 1.33% | 58% | $974 |
(2.34) | — | $27.36 | 14.72% | 1.24% | 1.24% | 1.06% | 72% | $417 |
(3.88) | — | $25.99 | (0.27%) | 1.30% (g),(m) | 1.30% (g),(h),(m) | (0.55%) (m) | 63% | $13 |
(0.23) | — | $21.76 | 1.25% (c) | 1.23% (n) | 1.19% (n) | 0.76% | 49% | $440 |
(0.51) | 0.00 (e) | $21.72 | (0.94%) (f) | 1.21% | 1.21% | 0.96% | 59% | $2,268 |
(3.08) | — | $22.43 | (6.77%) | 1.15% | 1.15% | 1.30% | 58% | $2,593 |
(2.37) | — | $27.34 | 14.80% (o) | 1.15% | 1.15% | 1.40% | 72% | $956 |
(3.89) | — | $25.98 | (0.27%) | 1.29% (m) | 1.28% (h),(m) | (0.55%) (m) | 63% | $2 |
(0.25) | — | $21.74 | 1.29% (c) | 1.12% (q) | 1.04% (q) | 0.74% | 49% | $322 |
(0.52) | 0.00 (e) | $21.71 | (0.89%) (f) | 1.14% | 1.14% | 1.21% | 59% | $660 |
(3.10) | — | $22.42 | (6.71%) | 1.09% | 1.09% | 1.43% | 58% | $11,755 |
(2.38) | — | $27.33 | 14.82% | 1.09% | 1.09% | 0.40% | 72% | $13,318 |
(3.90) | — | $25.98 | (0.25%) | 1.21% (m) | 1.20% (h),(m) | (0.48%) (m) | 63% | $2 |
Columbia Acorn Family of Funds | Annual Report 2016 | 107 |
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Columbia Acorn International SelectSM
Year ended | Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Tax return of capital |
Class Z | |||||||
12/31/2016 | $21.58 | 0.16 | 0.09 (b) | 0.25 | (0.20) | — | (0.02) |
12/31/2015 | $22.30 | 0.24 | (0.46) | (0.22) | (0.49) | — | (0.01) |
12/31/2014 | $27.20 | 0.38 | (2.21) | (1.83) | (0.18) | (2.89) | — |
12/31/2013 | $25.86 | 0.37 | 3.33 | 3.70 | (0.45) | (1.91) | — |
12/31/2012 | $24.46 | 0.49 | 4.95 | 5.44 | (1.83) | (2.21) | — |
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, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statements of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(c) | Had the Investment Manager and/or its affiliates not waived a portion of expenses, total return would have been reduced. |
(d) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.06% for Class A. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(e) | Rounds to zero. |
(f) | The Fund received proceeds from regulatory settlements. Had the Fund not received these proceeds, the total return would have been lower by 0.01%. |
(g) | Ratios include line of credit interest expense which is less than 0.01%. |
(h) | The benefits derived from custody fees paid indirectly had an impact of 0.01%. |
(i) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.06% for Class C. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(j) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.07% for Class I. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(k) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.06% for Class R4. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(l) | Class R4 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(m) | Annualized. |
(n) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.04% for Class R5. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(o) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(p) | Class R5 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(q) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.09% for Class Y. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(r) | Class Y shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(s) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.06% for Class Z. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
108 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Total distributions to shareholders | Proceeds from regulatory settlements | 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) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(0.22) | — | $21.61 | 1.18% (c) | 1.26% (s) | 1.19% (s) | 0.74% | 49% | $73,631 |
(0.50) | 0.00 (e) | $21.58 | (1.03%) (f) | 1.24% | 1.24% | 1.05% | 59% | $96,311 |
(3.07) | — | $22.30 | (6.79%) | 1.17% | 1.17% | 1.36% | 58% | $175,764 |
(2.36) | — | $27.20 | 14.75% | 1.19% | 1.19% | 1.37% | 72% | $256,100 |
(4.04) | — | $25.86 | 22.42% | 1.20% (g) | 1.19% (g),(h) | 1.77% | 63% | $295,231 |
Columbia Acorn Family of Funds | Annual Report 2016 | 109 |
Table of Contents
Columbia Acorn SelectSM
Year ended | Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain | Total from investment operations | Distributions from net investment income | Distributions from net realized gains |
Class A | ||||||
12/31/2016 | $13.94 | (0.04) | 1.56 | 1.52 | — | (2.33) |
12/31/2015 | $21.03 | (0.09) | 0.14 | 0.05 | — | (7.14) |
12/31/2014 | $25.57 | (0.14) | 0.64 | 0.50 | — | (5.04) |
12/31/2013 | $24.72 | (0.15) | 7.92 | 7.77 | (0.07) | (6.85) |
12/31/2012 | $22.95 | 0.03 | 3.78 | 3.81 | — | (2.04) |
Class C | ||||||
12/31/2016 | $10.51 | (0.10) | 1.14 | 1.04 | — | (2.33) |
12/31/2015 | $17.69 | (0.19) | 0.15 | (0.04) | — | (7.14) |
12/31/2014 | $22.46 | (0.28) | 0.55 | 0.27 | — | (5.04) |
12/31/2013 | $22.48 | (0.32) | 7.15 | 6.83 | — | (6.85) |
12/31/2012 | $21.20 | (0.14) | 3.46 | 3.32 | — | (2.04) |
Class I | ||||||
12/31/2016 | $15.36 | 0.01 | 1.74 | 1.75 | — | (2.33) |
12/31/2015 | $22.38 | 0.01 | 0.11 | 0.12 | — | (7.14) |
12/31/2014 | $26.81 | (0.05) | 0.66 | 0.61 | — | (5.04) |
12/31/2013 | $25.63 | (0.06) | 8.25 | 8.19 | (0.16) | (6.85) |
12/31/2012 | $23.65 | 0.23 | 3.79 | 4.02 | — | (2.04) |
Class R4 | ||||||
12/31/2016 | $15.69 | (0.00) (e) | 1.77 | 1.77 | — | (2.33) |
12/31/2015 | $22.75 | (0.04) | 0.12 | 0.08 | — | (7.14) |
12/31/2014 | $27.20 | (0.10) | 0.69 | 0.59 | — | (5.04) |
12/31/2013 | $25.92 | (0.06) | 8.32 | 8.26 | (0.13) | (6.85) |
12/31/2012 (f) | $25.91 | 0.00 (e) | 1.52 | 1.52 | — | (1.51) |
Class R5 | ||||||
12/31/2016 | $15.74 | 0.01 | 1.78 | 1.79 | — | (2.33) |
12/31/2015 | $22.78 | (0.08) | 0.18 | 0.10 | — | (7.14) |
12/31/2014 | $27.20 | (0.07) | 0.69 | 0.62 | — | (5.04) |
12/31/2013 | $25.93 | (0.04) | 8.31 | 8.27 | (0.15) | (6.85) |
12/31/2012 (h) | $25.91 | 0.00 (e) | 1.53 | 1.53 | — | (1.51) |
Class Y | ||||||
12/31/2016 | $15.83 | 0.02 | 1.79 | 1.81 | — | (2.33) |
12/31/2015 | $22.86 | 0.00 (e) | 0.11 | 0.11 | — | (7.14) |
12/31/2014 | $27.27 | (0.06) | 0.69 | 0.63 | — | (5.04) |
12/31/2013 | $25.98 | (0.03) | 8.34 | 8.31 | (0.17) | (6.85) |
12/31/2012 (i) | $25.96 | 0.01 | 1.52 | 1.53 | — | (1.51) |
110 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Total distributions to shareholders | 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) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(2.33) | $13.13 | 11.54% (b) | 1.37% | 1.17% | (0.27%) | 75% | $119,364 |
(7.14) | $13.94 | (0.73%) (b) | 1.35% (c) | 1.22% (c) | (0.42%) | 55% | $146,864 |
(5.04) | $21.03 | 2.17% | 1.32% | 1.32% | (0.58%) | 17% | $264,234 |
(6.92) | $25.57 | 33.77% | 1.31% (c) | 1.31% (c) | (0.54%) | 20% | $333,193 |
(2.04) | $24.72 | 16.87% | 1.31% (c) | 1.31% (c),(d) | 0.13% | 15% | $271,628 |
(2.33) | $9.22 | 10.67% (b) | 2.11% | 1.91% | (1.01%) | 75% | $27,524 |
(7.14) | $10.51 | (1.41%) (b) | 2.08% (c) | 1.95% (c) | (1.15%) | 55% | $34,589 |
(5.04) | $17.69 | 1.42% | 2.04% | 2.04% | (1.30%) | 17% | $48,591 |
(6.85) | $22.46 | 32.85% | 2.04% (c) | 2.04% (c) | (1.28%) | 20% | $61,537 |
(2.04) | $22.48 | 15.93% | 2.07% (c) | 2.06% (c),(d) | (0.59%) | 15% | $57,309 |
(2.33) | $14.78 | 11.99% (b) | 1.00% | 0.80% | 0.07% | 75% | $10,911 |
(7.14) | $15.36 | (0.34%) (b) | 0.99% (c) | 0.83% (c) | 0.06% | 55% | $26,917 |
(5.04) | $22.38 | 2.49% | 0.94% | 0.94% | (0.20%) | 17% | $18,718 |
(7.01) | $26.81 | 34.31% | 0.94% (c) | 0.94% (c) | (0.21%) | 20% | $13,660 |
(2.04) | $25.63 | 17.26% | 0.96% (c) | 0.95% (c),(d) | 0.89% | 15% | $39,054 |
(2.33) | $15.13 | 11.86% (b) | 1.13% | 0.93% | (0.02%) | 75% | $853 |
(7.14) | $15.69 | (0.53%) (b) | 1.12% (c) | 0.99% (c) | (0.18%) | 55% | $932 |
(5.04) | $22.75 | 2.39% | 1.12% | 1.12% | (0.37%) | 17% | $1,193 |
(6.98) | $27.20 | 34.16% | 1.02% (c) | 1.02% (c) | (0.20%) | 20% | $1,383 |
(1.51) | $25.92 | 5.92% | 1.07% (g) | 1.06% (d),(g) | 0.02% (g) | 15% | $15 |
(2.33) | $15.20 | 11.96% (b) | 1.05% | 0.85% | 0.07% | 75% | $1,036 |
(7.14) | $15.74 | (0.44%) (b) | 1.02% (c) | 0.95% (c) | (0.33%) | 55% | $911 |
(5.04) | $22.78 | 2.50% | 1.00% | 1.00% | (0.26%) | 17% | $10,697 |
(7.00) | $27.20 | 34.21% | 0.97% (c) | 0.97% (c) | (0.13%) | 20% | $11,996 |
(1.51) | $25.93 | 5.96% | 0.99% (g) | 0.99% (d),(g) | 0.08% (g) | 15% | $3 |
(2.33) | $15.31 | 12.02% (b) | 1.00% | 0.80% | 0.10% | 75% | $4,389 |
(7.14) | $15.83 | (0.39%) (b) | 0.98% (c) | 0.85% (c) | 0.02% | 55% | $5,056 |
(5.04) | $22.86 | 2.53% | 0.95% | 0.95% | (0.22%) | 17% | $3,644 |
(7.02) | $27.27 | 34.30% | 0.93% (c) | 0.93% (c) | (0.09%) | 20% | $4,847 |
(1.51) | $25.98 | 5.94% | 0.92% (g) | 0.92% (d),(g) | 0.15% (g) | 15% | $3 |
Columbia Acorn Family of Funds | Annual Report 2016 | 111 |
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Columbia Acorn SelectSM
Year ended | Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain | Total from investment operations | Distributions from net investment income | Distributions from net realized gains |
Class Z | ||||||
12/31/2016 | $15.24 | (0.00) (e) | 1.72 | 1.72 | — | (2.33) |
12/31/2015 | $22.28 | (0.03) | 0.13 | 0.10 | — | (7.14) |
12/31/2014 | $26.72 | (0.08) | 0.68 | 0.60 | — | (5.04) |
12/31/2013 | $25.57 | (0.07) | 8.21 | 8.14 | (0.14) | (6.85) |
12/31/2012 | $23.62 | 0.11 | 3.88 | 3.99 | — | (2.04) |
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, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | Ratios include line of credit interest expense which is less than 0.01%. |
(d) | The benefits derived from custody fees paid indirectly had an impact of less than 0.01%. |
(e) | Rounds to zero. |
(f) | Class R4 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(g) | Annualized. |
(h) | Class R5 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(i) | Class Y shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
112 | Columbia Acorn Family of Funds | Annual Report 2016 |
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Total distributions to shareholders | 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) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(2.33) | $14.63 | 11.88% (b) | 1.10% | 0.90% | (0.02%) | 75% | $144,313 |
(7.14) | $15.24 | (0.44%) (b) | 1.07% (c) | 0.95% (c) | (0.15%) | 55% | $183,642 |
(5.04) | $22.28 | 2.47% | 1.04% | 1.04% | (0.30%) | 17% | $318,487 |
(6.99) | $26.72 | 34.16% | 1.02% (c) | 1.02% (c) | (0.26%) | 20% | $431,990 |
(2.04) | $25.57 | 17.15% | 1.03% (c) | 1.03% (c),(d) | 0.40% | 15% | $587,678 |
Columbia Acorn Family of Funds | Annual Report 2016 | 113 |
Table of Contents
Columbia Thermostat FundSM
Year ended | Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains |
Class A | ||||||
12/31/2016 | $14.31 | 0.20 | 0.44 | 0.64 | (0.08) | (0.27) |
12/31/2015 | $14.86 | 0.27 | (0.26) | 0.01 | (0.28) | (0.28) |
12/31/2014 | $14.58 | 0.28 | 0.49 | 0.77 | (0.28) | (0.21) |
12/31/2013 | $14.29 | 0.29 | 1.00 | 1.29 | (0.25) | (0.75) |
12/31/2012 | $12.82 | 0.32 | 1.39 | 1.71 | (0.24) | — |
Class C | ||||||
12/31/2016 | $14.41 | 0.09 | 0.44 | 0.53 | (0.05) | (0.27) |
12/31/2015 | $14.96 | 0.16 | (0.26) | (0.10) | (0.17) | (0.28) |
12/31/2014 | $14.68 | 0.17 | 0.49 | 0.66 | (0.17) | (0.21) |
12/31/2013 | $14.39 | 0.18 | 1.00 | 1.18 | (0.14) | (0.75) |
12/31/2012 | $12.91 | 0.22 | 1.39 | 1.61 | (0.13) | — |
Class R4 | ||||||
12/31/2016 | $14.19 | 0.24 | 0.42 | 0.66 | (0.11) | (0.27) |
12/31/2015 | $14.74 | 0.30 | (0.25) | 0.05 | (0.32) | (0.28) |
12/31/2014 | $14.46 | 0.32 | 0.49 | 0.81 | (0.32) | (0.21) |
12/31/2013 | $14.19 | 0.36 | 0.95 | 1.31 | (0.29) | (0.75) |
12/31/2012 (d) | $14.08 | 0.09 | 0.28 | 0.37 | (0.26) | — |
Class R5 | ||||||
12/31/2016 | $14.20 | 0.24 | 0.43 | 0.67 | (0.11) | (0.27) |
12/31/2015 | $14.75 | 0.31 | (0.26) | 0.05 | (0.32) | (0.28) |
12/31/2014 | $14.47 | 0.31 | 0.50 | 0.81 | (0.32) | (0.21) |
12/31/2013 | $14.19 | 0.37 | 0.96 | 1.33 | (0.30) | (0.75) |
12/31/2012 (f) | $14.08 | 0.09 | 0.27 | 0.36 | (0.25) | — |
Class Y | ||||||
12/31/2016 | $14.18 | 0.25 | 0.42 | 0.67 | (0.12) | (0.27) |
12/31/2015 | $14.74 | 0.31 | (0.26) | 0.05 | (0.33) | (0.28) |
12/31/2014 | $14.46 | 0.32 | 0.50 | 0.82 | (0.33) | (0.21) |
12/31/2013 | $14.18 | 0.33 | 1.01 | 1.34 | (0.31) | (0.75) |
12/31/2012 (g) | $14.08 | 0.09 | 0.27 | 0.36 | (0.26) | — |
Class Z | ||||||
12/31/2016 | $14.12 | 0.23 | 0.43 | 0.66 | (0.11) | (0.27) |
12/31/2015 | $14.67 | 0.31 | (0.26) | 0.05 | (0.32) | (0.28) |
12/31/2014 | $14.40 | 0.32 | 0.48 | 0.80 | (0.32) | (0.21) |
12/31/2013 | $14.13 | 0.32 | 0.99 | 1.31 | (0.29) | (0.75) |
12/31/2012 | $12.67 | 0.34 | 1.39 | 1.73 | (0.27) | — |
Notes to Financial Highlights | |
(a) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(b) | 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, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(c) | The benefits derived from custody fees paid indirectly had an impact of 0.01%. |
(d) | Class R4 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(e) | Annualized. |
(f) | Class R5 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(g) | Class Y shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
114 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Total distributions to shareholders | Net asset value, end of period | Total return(a) | Total gross expense ratio to average net assets(b) | Total net expense ratio to average net assets(b) | Net investment income ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(0.35) | $14.60 | 4.47% | 0.54% | 0.50% | 1.39% | 95% | $398,781 |
(0.56) | $14.31 | 0.07% | 0.52% | 0.50% | 1.82% | 69% | $387,967 |
(0.49) | $14.86 | 5.30% | 0.51% | 0.50% | 1.88% | 95% | $450,258 |
(1.00) | $14.58 | 9.07% | 0.52% | 0.50% | 1.91% | 92% | $513,293 |
(0.24) | $14.29 | 13.34% | 0.58% | 0.50% (c) | 2.28% | 109% | $323,750 |
(0.32) | $14.62 | 3.69% | 1.28% | 1.25% | 0.63% | 95% | $338,930 |
(0.45) | $14.41 | (0.68%) | 1.27% | 1.25% | 1.08% | 69% | $364,684 |
(0.38) | $14.96 | 4.50% | 1.26% | 1.25% | 1.14% | 95% | $404,456 |
(0.89) | $14.68 | 8.23% | 1.27% | 1.25% | 1.16% | 92% | $430,173 |
(0.13) | $14.39 | 12.52% | 1.32% | 1.25% (c) | 1.56% | 109% | $253,641 |
(0.38) | $14.47 | 4.69% | 0.30% | 0.25% | 1.64% | 95% | $15,664 |
(0.60) | $14.19 | 0.33% | 0.28% | 0.25% | 2.06% | 69% | $17,453 |
(0.53) | $14.74 | 5.61% | 0.26% | 0.25% | 2.14% | 95% | $23,412 |
(1.04) | $14.46 | 9.26% | 0.28% | 0.25% | 2.39% | 92% | $14,651 |
(0.26) | $14.19 | 2.60% | 0.42% (e) | 0.25% (c),(e) | 4.59% (e) | 109% | $15 |
(0.38) | $14.49 | 4.77% | 0.27% | 0.24% | 1.66% | 95% | $12,024 |
(0.60) | $14.20 | 0.33% | 0.25% | 0.24% | 2.14% | 69% | $6,114 |
(0.53) | $14.75 | 5.62% | 0.24% | 0.23% | 2.11% | 95% | $3,536 |
(1.05) | $14.47 | 9.35% | 0.25% | 0.23% | 2.44% | 92% | $979 |
(0.25) | $14.19 | 2.58% | 0.35% (e) | 0.27% (c),(e) | 4.60% (e) | 109% | $3 |
(0.39) | $14.46 | 4.76% | 0.21% | 0.19% | 1.71% | 95% | $399 |
(0.61) | $14.18 | 0.32% | 0.20% | 0.19% | 2.08% | 69% | $352 |
(0.54) | $14.74 | 5.68% | 0.19% | 0.18% | 2.19% | 95% | $401 |
(1.06) | $14.46 | 9.46% | 0.14% | 0.14% | 2.23% | 92% | $3 |
(0.26) | $14.18 | 2.55% | 0.30% (e) | 0.22% (c),(e) | 4.63% (e) | 109% | $3 |
(0.38) | $14.40 | 4.72% | 0.28% | 0.25% | 1.64% | 95% | $341,629 |
(0.60) | $14.12 | 0.33% | 0.26% | 0.25% | 2.08% | 69% | $325,159 |
(0.53) | $14.67 | 5.57% | 0.25% | 0.24% | 2.16% | 95% | $377,119 |
(1.04) | $14.40 | 9.30% | 0.26% | 0.25% | 2.14% | 92% | $375,444 |
(0.27) | $14.13 | 13.69% | 0.30% | 0.25% (c) | 2.48% | 109% | $292,732 |
Columbia Acorn Family of Funds | Annual Report 2016 | 115 |
Table of Contents
Columbia Acorn Emerging Markets FundSM
Year ended | Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Tax return of capital |
Class A | ||||||
12/31/2016 | $10.24 | (0.01) | (0.32) | (0.33) | (0.03) | (0.04) |
12/31/2015 | $12.72 | 0.10 | (2.42) | (2.32) | (0.15) | (0.01) |
12/31/2014 | $13.37 | 0.06 | (0.63) | (0.57) | (0.08) | — |
12/31/2013 | $12.04 | 0.07 | 1.34 | 1.41 | (0.08) | — |
12/31/2012 | $9.26 | 0.08 | 2.78 | 2.86 | (0.08) | — |
Class C | ||||||
12/31/2016 | $10.20 | (0.09) | (0.31) | (0.40) | — | — |
12/31/2015 | $12.65 | 0.01 | (2.39) | (2.38) | (0.06) | (0.01) |
12/31/2014 | $13.32 | (0.05) | (0.62) | (0.67) | — | — |
12/31/2013 | $12.01 | (0.03) | 1.34 | 1.31 | — | — |
12/31/2012 | $9.24 | (0.02) | 2.79 | 2.77 | — | — |
Class I | ||||||
12/31/2016 | $10.26 | 0.03 | (0.32) | (0.29) | (0.07) | (0.04) |
12/31/2015 | $12.75 | 0.14 | (2.43) | (2.29) | (0.19) | (0.01) |
12/31/2014 | $13.41 | 0.06 | (0.60) | (0.54) | (0.12) | — |
12/31/2013 | $12.08 | 0.08 | 1.37 | 1.45 | (0.12) | — |
12/31/2012 | $9.29 | 0.11 | 2.80 | 2.91 | (0.12) | — |
Class R4 | ||||||
12/31/2016 | $10.32 | 0.01 | (0.31) | (0.30) | (0.06) | (0.04) |
12/31/2015 | $12.83 | 0.17 | (2.49) | (2.32) | (0.18) | (0.01) |
12/31/2014 | $13.49 | 0.09 | (0.63) | (0.54) | (0.12) | — |
12/31/2013 | $12.14 | 0.12 | 1.35 | 1.47 | (0.12) | — |
12/31/2012 (e) | $11.44 | (0.01) | 0.81 | 0.80 | (0.10) | — |
Class R5 | ||||||
12/31/2016 | $10.32 | (0.02) | (0.28) | (0.30) | (0.07) | (0.04) |
12/31/2015 | $12.82 | 0.15 | (2.45) | (2.30) | (0.19) | (0.01) |
12/31/2014 | $13.48 | 0.10 | (0.64) | (0.54) | (0.12) | — |
12/31/2013 | $12.14 | 0.12 | 1.34 | 1.46 | (0.12) | — |
12/31/2012 (g) | $11.44 | (0.00) (h) | 0.81 | 0.81 | (0.11) | — |
Class Y | ||||||
12/31/2016 | $10.23 | 0.03 | (0.33) | (0.30) | (0.07) | (0.04) |
12/31/2015 | $12.71 | 0.15 | (2.43) | (2.28) | (0.19) | (0.01) |
12/31/2014 | $13.36 | 0.09 | (0.62) | (0.53) | (0.12) | — |
12/31/2013 (i) | $12.22 | 0.07 | 1.20 | 1.27 | (0.13) | — |
116 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Total distributions to shareholders | 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) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(0.07) | $9.84 | (3.20%) (b) | 1.84% (c) | 1.84% (c) | (0.11%) | 43% | $49,141 |
(0.16) | $10.24 | (18.25%) | 1.67% | 1.67% | 0.88% | 58% | $88,574 |
(0.08) | $12.72 | (4.28%) | 1.56% | 1.56% | 0.42% | 45% | $160,969 |
(0.08) | $13.37 | 11.73% (b) | 1.80% | 1.76% | 0.52% | 36% | $177,158 |
(0.08) | $12.04 | 30.86% (b) | 6.42% | 1.77% (d) | 0.77% | 30% | $3,103 |
— | $9.80 | (3.92%) (b) | 2.60% (c) | 2.59% (c) | (0.87%) | 43% | $15,534 |
(0.07) | $10.20 | (18.83%) | 2.42% | 2.42% | 0.12% | 58% | $22,953 |
— | $12.65 | (5.03%) | 2.33% | 2.33% | (0.36%) | 45% | $41,208 |
— | $13.32 | 10.91% (b) | 2.55% | 2.51% | (0.23%) | 36% | $32,636 |
— | $12.01 | 29.98% (b) | 7.18% | 2.56% (d) | (0.15%) | 30% | $615 |
(0.11) | $9.86 | (2.81%) (b) | 1.47% | 1.45% | 0.29% | 43% | $2 |
(0.20) | $10.26 | (17.95%) | 1.31% | 1.31% | 1.21% | 58% | $2 |
(0.12) | $12.75 | (4.01%) | 1.22% | 1.22% | 0.44% | 45% | $3 |
(0.12) | $13.41 | 12.06% (b) | 1.73% | 1.39% | 0.65% | 36% | $7 |
(0.12) | $12.08 | 31.39% (b) | 6.18% | 1.41% (d) | 1.05% | 30% | $6 |
(0.10) | $9.92 | (2.91%) | 1.57% (c) | 1.57% (c) | 0.09% | 43% | $1,306 |
(0.19) | $10.32 | (18.04%) | 1.36% | 1.36% | 1.37% | 58% | $3,459 |
(0.12) | $12.83 | (4.03%) | 1.28% | 1.28% | 0.66% | 45% | $15,467 |
(0.12) | $13.49 | 12.13% (b) | 1.44% | 1.44% | 0.92% | 36% | $13,583 |
(0.10) | $12.14 | 7.04% (b) | 5.86% (f) | 1.54% (d),(f) | (0.31%) (f) | 30% | $16 |
(0.11) | $9.91 | (2.90%) | 1.46% (c) | 1.46% (c) | (0.23%) | 43% | $806 |
(0.20) | $10.32 | (17.96%) | 1.34% | 1.34% | 1.22% | 58% | $12,643 |
(0.12) | $12.82 | (4.02%) | 1.26% | 1.26% | 0.72% | 45% | $19,632 |
(0.12) | $13.48 | 12.07% (b) | 1.42% | 1.42% | 0.94% | 36% | $13,625 |
(0.11) | $12.14 | 7.11% (b) | 5.81% (f) | 1.46% (d),(f) | (0.22%) (f) | 30% | $3 |
(0.11) | $9.82 | (2.92%) (b) | 1.45% | 1.45% | 0.29% | 43% | $2 |
(0.20) | $10.23 | (17.90%) | 1.27% | 1.27% | 1.24% | 58% | $2 |
(0.12) | $12.71 | (3.95%) | 1.22% | 1.22% | 0.68% | 45% | $2 |
(0.13) | $13.36 | 10.43% (b) | 1.36% (f) | 1.36% (f) | 0.97% (f) | 36% | $3 |
Columbia Acorn Family of Funds | Annual Report 2016 | 117 |
Table of Contents
Columbia Acorn Emerging Markets FundSM
Year ended | Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Tax return of capital |
Class Z | ||||||
12/31/2016 | $10.26 | (0.00) (h) | (0.31) | (0.31) | (0.06) | (0.04) |
12/31/2015 | $12.74 | 0.13 | (2.42) | (2.29) | (0.18) | (0.01) |
12/31/2014 | $13.40 | 0.08 | (0.63) | (0.55) | (0.11) | — |
12/31/2013 | $12.07 | 0.11 | 1.33 | 1.44 | (0.11) | — |
12/31/2012 | $9.28 | 0.12 | 2.79 | 2.91 | (0.12) | — |
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, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | Ratios include line of credit interest expense which is less than 0.01%. |
(d) | The benefits derived from custody fees paid indirectly had an impact of 0.01%. |
(e) | Class R4 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(f) | Annualized. |
(g) | Class R5 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(h) | Rounds to zero. |
(i) | Class Y shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
118 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Total distributions to shareholders | 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) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(0.10) | $9.85 | (3.04%) (b) | 1.59% (c) | 1.58% (c) | (0.04%) | 43% | $38,969 |
(0.19) | $10.26 | (17.98%) | 1.42% | 1.42% | 1.12% | 58% | $147,688 |
(0.11) | $12.74 | (4.12%) | 1.33% | 1.33% | 0.62% | 45% | $245,053 |
(0.11) | $13.40 | 11.92% (b) | 1.58% | 1.54% | 0.89% | 36% | $177,693 |
(0.12) | $12.07 | 31.35% (b) | 6.15% | 1.46% (d) | 1.07% | 30% | $6,846 |
Columbia Acorn Family of Funds | Annual Report 2016 | 119 |
Table of Contents
Columbia Acorn European FundSM
Year ended | Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains |
Class A | ||||||
12/31/2016 | $14.75 | 0.16 | (0.67) | (0.51) | (0.12) | — |
12/31/2015 | $14.34 | 0.10 | 0.50 | 0.60 | (0.19) | — |
12/31/2014 | $15.68 | 0.13 | (1.34) | (1.21) | (0.05) | (0.08) |
12/31/2013 | $11.76 | (0.02) | 3.97 | 3.95 | (0.01) | (0.02) |
12/31/2012 | $9.43 | 0.03 | 2.37 | 2.40 | (0.07) | (0.00) (c) |
Class C | ||||||
12/31/2016 | $14.63 | 0.03 | (0.64) | (0.61) | (0.03) | — |
12/31/2015 | $14.16 | (0.00) (c) | 0.48 | 0.48 | (0.01) | — |
12/31/2014 | $15.54 | (0.01) | (1.29) | (1.30) | — | (0.08) |
12/31/2013 | $11.73 | (0.15) | 3.98 | 3.83 | — | (0.02) |
12/31/2012 | $9.44 | (0.15) | 2.46 | 2.31 | (0.02) | (0.00) (c) |
Class I | ||||||
12/31/2016 | $14.74 | 0.18 | (0.65) | (0.47) | (0.17) | — |
12/31/2015 | $14.33 | 0.16 | 0.49 | 0.65 | (0.24) | — |
12/31/2014 | $15.67 | 0.11 | (1.27) | (1.16) | (0.10) | (0.08) |
12/31/2013 | $11.75 | 0.12 | 3.88 | 4.00 | (0.06) | (0.02) |
12/31/2012 | $9.43 | 0.10 | 2.32 | 2.42 | (0.10) | (0.00) (c) |
Class R4 | ||||||
12/31/2016 | $14.82 | 0.17 | (0.65) | (0.48) | (0.16) | — |
12/31/2015 | $14.40 | 0.24 | 0.41 | 0.65 | (0.23) | — |
12/31/2014 (e) | $15.85 | (0.02) | (1.34) | (1.36) | (0.09) | — |
Class R5 | ||||||
12/31/2016 | $14.89 | 0.18 | (0.66) | (0.48) | (0.16) | — |
12/31/2015 | $14.47 | 0.15 | 0.50 | 0.65 | (0.23) | — |
12/31/2014 | $15.82 | 0.14 | (1.32) | (1.18) | (0.09) | (0.08) |
12/31/2013 | $11.86 | (0.04) | 4.06 | 4.02 | (0.04) | (0.02) |
12/31/2012 (g) | $11.19 | (0.02) | 0.77 | 0.75 | (0.08) | — |
Class Z | ||||||
12/31/2016 | $14.75 | 0.19 | (0.67) | (0.48) | (0.16) | — |
12/31/2015 | $14.34 | 0.15 | 0.49 | 0.64 | (0.23) | — |
12/31/2014 | $15.68 | 0.15 | (1.32) | (1.17) | (0.09) | (0.08) |
12/31/2013 | $11.76 | 0.11 | 3.88 | 3.99 | (0.05) | (0.02) |
12/31/2012 | $9.44 | 0.08 | 2.34 | 2.42 | (0.10) | (0.00) (c) |
Notes to Financial Highlights | |
(a) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(b) | 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, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(c) | Rounds to zero. |
(d) | The benefits derived from custody fees paid indirectly had an impact of 0.01%. |
(e) | Class R4 shares commenced operations on June 25, 2014. Per share data and total return reflect activity from that date. |
(f) | Annualized. |
(g) | Class R5 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
120 | Columbia Acorn Family of Funds | Annual Report 2016 |
Table of Contents
Total distributions to shareholders | Net asset value, end of period | Total return(a) | Total gross expense ratio to average net assets(b) | Total net expense ratio to average net assets(b) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) |
(0.12) | $14.12 | (3.47%) | 2.00% | 1.75% | 1.07% | 40% | $26,269 |
(0.19) | $14.75 | 4.17% | 2.06% | 1.75% | 0.67% | 37% | $40,368 |
(0.13) | $14.34 | (7.77%) | 2.05% | 1.75% | 0.86% | 74% | $21,101 |
(0.03) | $15.68 | 33.64% | 3.33% | 1.74% | (0.11%) | 42% | $19,078 |
(0.07) | $11.76 | 25.46% | 12.35% | 1.61% (d) | 0.23% | 37% | $453 |
(0.03) | $13.99 | (4.21%) | 2.75% | 2.50% | 0.18% | 40% | $7,112 |
(0.01) | $14.63 | 3.41% | 2.82% | 2.50% | (0.02%) | 37% | $7,220 |
(0.08) | $14.16 | (8.44%) | 2.84% | 2.50% | (0.10%) | 74% | $5,096 |
(0.02) | $15.54 | 32.63% | 4.19% | 2.50% | (1.10%) | 42% | $1,400 |
(0.02) | $11.73 | 24.46% | 12.83% | 2.32% (d) | (1.33%) | 37% | $89 |
(0.17) | $14.10 | (3.21%) | 1.62% | 1.42% | 1.24% | 40% | $2 |
(0.24) | $14.74 | 4.50% | 1.71% | 1.43% | 1.09% | 37% | $3 |
(0.18) | $14.33 | (7.49%) | 1.71% | 1.46% | 0.74% | 74% | $2 |
(0.08) | $15.67 | 34.06% | 3.99% | 1.41% | 0.88% | 42% | $8 |
(0.10) | $11.75 | 25.71% | 12.05% | 1.31% (d) | 0.94% | 37% | $6 |
(0.16) | $14.18 | (3.27%) | 1.79% | 1.50% | 1.15% | 40% | $362 |
(0.23) | $14.82 | 4.48% | 1.81% | 1.50% | 1.59% | 37% | $408 |
(0.09) | $14.40 | (8.60%) | 1.87% (f) | 1.50% (f) | (0.30%) (f) | 74% | $302 |
(0.16) | $14.25 | (3.23%) | 1.68% | 1.47% | 1.26% | 40% | $1,262 |
(0.23) | $14.89 | 4.48% | 1.75% | 1.48% | 0.98% | 37% | $2,122 |
(0.17) | $14.47 | (7.54%) | 1.75% | 1.52% | 0.92% | 74% | $1,633 |
(0.06) | $15.82 | 33.97% | 2.76% | 1.51% | (0.29%) | 42% | $1,891 |
(0.08) | $11.86 | 6.70% | 14.07% (f) | 1.36% (d),(f) | (1.07%) (f) | 37% | $3 |
(0.16) | $14.11 | (3.29%) | 1.73% | 1.50% | 1.29% | 40% | $11,345 |
(0.23) | $14.75 | 4.43% | 1.78% | 1.50% | 1.01% | 37% | $11,766 |
(0.17) | $14.34 | (7.52%) | 1.79% | 1.50% | 0.97% | 74% | $8,499 |
(0.07) | $15.68 | 33.98% | 3.98% | 1.45% | 0.83% | 42% | $4,407 |
(0.10) | $11.76 | 25.66% | 12.07% | 1.33% (d) | 0.76% | 37% | $2,727 |
Columbia Acorn Family of Funds | Annual Report 2016 | 121 |
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Columbia Acorn Family of Funds | Annual Report 2016 | 123 |
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Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (13,079,023) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity Risk | (4,292,591) |
Derivative Instrument | Average Notional Amounts ($)** |
Futures contracts — Long | 56,517,703 |
** | Based on the ending daily outstanding amounts for the year ended December 31, 2016. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (9,714,342) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity Risk | (465,285) |
Derivative Instrument | Average Notional Amounts ($)** |
Futures contracts — Long | 7,144,960 |
** | Based on the ending daily outstanding amounts for the year ended December 31, 2016. |
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December 31, 2016
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 2,440,126 |
Derivative Instrument | Average Notional Amounts ($)** |
Futures contracts — Long | 4,260,362 |
** | Based on the ending daily outstanding amounts for the year ended December 31, 2016. |
126 | Columbia Acorn Family of Funds | Annual Report 2016 |
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December 31, 2016
Columbia Acorn Fund | Columbia Acorn International | Columbia Acorn USA | Columbia Acorn International Select | Columbia Acorn Emerging Markets Fund | Columbia Acorn European Fund | |
Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | |
Liabilities | ||||||
Collateral on Securities loaned | 101,389,775 | 169,508,371 | 15,336,080 | 5,444,661 | 1,161,570 | 3,133,401 |
Total Liabilities | 101,389,775 | 169,508,371 | 15,336,080 | 5,444,661 | 1,161,570 | 3,133,401 |
Total Financial and Derivative Net Assets | (101,389,775) | (169,508,371) | (15,336,080) | (5,444,661) | (1,161,570) | (3,133,401) |
Financial Instruments | 99,397,696 | 162,723,470 | 14,865,804 | 5,209,652 | 1,122,619 | 3,019,078 |
Net Amount (a) | (1,992,079) | (6,784,901) | (470,276) | (235,009) | (38,951) | (114,323) |
(a) | Represents the net amount due from/(to) counterparties in the event of default. |
Overnight and continuous | Up to 30 days | 30-90 days | Greater than 90 days | Total | |
Columbia Acorn® Fund | |||||
Securities lending transactions | |||||
Equity securities | $99,397,696 | $— | $— | $— | $99,397,696 |
Gross amount of recognized liabilities for securities lending (collateral received) | 101,389,775 | ||||
Amounts due to counterparty | $1,992,079 | ||||
Columbia Acorn International® | |||||
Securities lending transactions | |||||
Equity securities | $162,723,470 | $— | $— | $— | $162,723,470 |
Gross amount of recognized liabilities for securities lending (collateral received) | 169,508,371 | ||||
Amounts due to counterparty | $6,784,901 | ||||
Columbia Acorn USA® | |||||
Securities lending transactions | |||||
Equity securities | $14,865,804 | $— | $— | $— | $14,865,804 |
Gross amount of recognized liabilities for securities lending (collateral received) | 15,336,080 | ||||
Amounts due to counterparty | $470,276 | ||||
Columbia Acorn International SelectSM | |||||
Securities lending transactions | |||||
Equity securities | $5,209,652 | $— | $— | $— | $5,209,652 |
Gross amount of recognized liabilities for securities lending (collateral received) | 5,444,661 | ||||
Amounts due to counterparty | $235,009 |
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Overnight and continuous | Up to 30 days | 30-90 days | Greater than 90 days | Total | |
Columbia Acorn Emerging Markets FundSM | |||||
Securities lending transactions | |||||
Equity securities | $1,122,619 | $— | $— | $— | $1,122,619 |
Gross amount of recognized liabilities for securities lending (collateral received) | 1,161,570 | ||||
Amounts due to counterparty | $38,951 | ||||
Columbia Acorn European FundSM | |||||
Securities lending transactions | |||||
Equity securities | $3,019,078 | $— | $— | $— | $3,019,078 |
Gross amount of recognized liabilities for securities lending (collateral received) | 3,133,401 | ||||
Amounts due to counterparty | $114,323 |
128 | Columbia Acorn Family of Funds | Annual Report 2016 |
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December 31, 2016
Columbia Acorn Fund | |
Average daily net assets | Annual fee rate |
Up to $700 million | 0.740% |
$700 million to $2 billion | 0.690% |
$2 billion to $6 billion | 0.640% |
$6 billion and over | 0.630% |
Columbia Acorn International | |
Average daily net assets | Annual fee rate |
Up to $100 million | 1.190% |
$100 million to $500 million | 0.940% |
$500 million and over | 0.740% |
Columbia Acorn USA | |
Average daily net assets | Annual fee rate |
Up to $200 million | 0.940% |
$200 million to $500 million | 0.890% |
$500 million to $2 billion | 0.840% |
$2 billion to $3 billion | 0.800% |
$3 billion and over | 0.700% |
Columbia Acorn International Select, prior to July 1, 2016 | |
Average daily net assets | Annual fee rate |
Up to $500 million | 0.940% |
$500 million and over | 0.900% |
Columbia Acorn International Select, effective July 1, 2016 | |
Average daily net assets | Annual fee rate |
Up to $500 million | 0.890% |
$500 million and over | 0.850% |
Columbia Acorn Select | |
Average daily net assets | Annual fee rate |
Up to $700 million | 0.850% |
$700 million to $2 billion | 0.800% |
$2 billion to $3 billion | 0.750% |
$3 billion and over | 0.700% |
Columbia Thermostat Fund | |
Annual fee rate | |
All Average Daily Net Assets | 0.100% |
Columbia Acorn Emerging Markets Fund | |
Average daily net assets | Annual fee rate |
Up to $100 million | 1.250% |
$100 million to $500 million | 1.000% |
$500 million and over | 0.800% |
Columbia Acorn Family of Funds | Annual Report 2016 | 129 |
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December 31, 2016
Columbia Acorn European Fund | |
Average daily net assets | Annual fee rate |
Up to $100 million | 1.190% |
$100 million to $500 million | 0.940% |
$500 million and over | 0.740% |
Fund | Effective investment advisory fee rate |
Columbia Acorn® Fund | 0.663% |
Columbia Acorn International® | 0.762% |
Columbia Acorn USA® | 0.891% |
Columbia Acorn International SelectSM | 0.916% |
Columbia Acorn SelectSM | 0.650% |
Columbia Thermostat FundSM | 0.100% |
Columbia Acorn Emerging Markets FundSM | 1.147% |
Columbia Acorn European FundSM | 1.190% |
Columbia Acorn Trust | |
Aggregate average daily net assets of the trust | Annual fee rate |
Up to $8 billion | 0.050% |
$8 billion to $16 billion | 0.040% |
$16 billion to $35 billion | 0.030% |
$35 billion to $45 billion | 0.025% |
$45 billion and over | 0.015% |
130 | Columbia Acorn Family of Funds | Annual Report 2016 |
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December 31, 2016
Fund | Purchases ($) | Sales ($) | Realized loss from sale transactions ($) |
Columbia Acorn® Fund | 43,059,057 | — | — |
Columbia Acorn International® | 7,346,843 | 32,723,033 | (2,682,111) |
Columbia Acorn USA® | — | 17,716,509 | 1,729,819 |
Columbia Acorn International SelectSM | 229,440 | — | — |
Columbia Acorn Emerging Markets FundSM | 559,014 | 357,940 | (320,047) |
Columbia Acorn European FundSM | 651,366 | — | — |
Fund | Class A (%) | Class B (%) | Class C (%) | Class R (%) | Class R4 (%) | Class R5 (%) | Class Z(%) |
Columbia Acorn® Fund | 0.09 | — | 0.08 | — | 0.13 | 0.05 | 0.06 |
Columbia Acorn International® | 0.14 | 0.29 (a) | 0.12 | 0.17 | 0.16 | 0.05 | 0.10 |
Columbia Acorn USA® | 0.14 | — | 0.12 | — | 0.16 | 0.05 | 0.14 |
Columbia Acorn International SelectSM | 0.14 | — | 0.16 | — | 0.13 | 0.05 | 0.11 |
Columbia Acorn SelectSM | 0.13 | — | 0.11 | — | 0.13 | 0.05 | 0.11 |
Columbia Thermostat FundSM | 0.07 | — | 0.07 | — | 0.09 | 0.05 | 0.07 |
Columbia Acorn Emerging Markets FundSM | 0.15 | — | 0.15 | — | 0.13 | 0.05 | 0.14 |
Columbia Acorn European FundSM | 0.12 | — | 0.12 | — | 0.16 | 0.05 | 0.10 |
(a) | Net of contractual transfer agency fee waiver. |
Columbia Acorn Family of Funds | Annual Report 2016 | 131 |
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December 31, 2016
Underwriting Discounts ($) | CDSCs ($) | |||
Fund | Class A | Class A | Class B | Class C |
Columbia Acorn® Fund | 323,564 | 920 | 53 | 10,524 |
Columbia Acorn International® | 237,802 | 168 | 6 | 2,991 |
Columbia Acorn USA® | 30,963 | 59 | — | 50 |
Columbia Acorn International SelectSM | 13,165 | 1 | — | 290 |
Columbia Acorn SelectSM | 31,096 | 170 | — | 131 |
Columbia Thermostat FundSM | 732,045 | 63 | — | 23,771 |
Columbia Acorn Emerging Markets FundSM | 21,489 | 22 | — | 677 |
Columbia Acorn European FundSM | 29,673 | — | — | — |
Fund | Class A | Class C | Class I | Class R4 | Class R5 | Class Y | Class Z | |
Columbia Acorn International Select | 1.40% | 2.15% | 1.02% | 1.15% | 1.07% | 1.02% | 1.15% |
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December 31, 2016
Fund | Class A | Class C | Class I | Class R4 | Class R5 | Class Y | Class Z |
Columbia Acorn International Select | 1.70% | 2.45% | 1.34% | 1.45% | 1.39% | 1.34% | 1.45% |
Columbia Acorn Select | 1.60% | 2.35% | 1.25% | 1.35% | 1.30% | 1.25% | 1.35% |
Fund | Class A | Class C | Class I | Class R4 | Class R5 | Class Y | Class Z | |
Columbia Acorn International Select | 1.70% | 2.45% | 1.37% | 1.45% | 1.42% | 1.37% | 1.45% | |
Columbia Acorn Select | 1.60% | 2.35% | 1.25% | 1.35% | 1.30% | 1.25% | 1.35% |
Fund | Class A | Class C | Class I | Class R4 | Class R5 | Class Y | Class Z | |
Columbia Thermostat Fund | 0.50% | 1.25% | — | 0.25% | 0.24% | 0.19% | 0.25% | |
Columbia Acorn Emerging Markets Fund | 1.85% | 2.60% | 1.45% | 1.60% | 1.50% | 1.45% | 1.60% | |
Columbia Acorn European Fund | 1.75% | 2.50% | 1.42% | 1.50% | 1.47% | — | 1.50% |
Fund | Class A | Class C | Class I | Class R4 | Class R5 | Class Y | Class Z | |
Columbia Thermostat Fund | 0.50% | 1.25% | — | 0.25% | 0.24% | 0.19% | 0.25% | |
Columbia Acorn Emerging Markets Fund | 1.85% | 2.60% | 1.48% | 1.60% | 1.53% | 1.48% | 1.60% | |
Columbia Acorn European Fund | 1.75% | 2.50% | 1.41% | 1.50% | 1.46% | — | 1.50% |
Fund | Expenses reimbursed |
Columbia Acorn International® | 297,187 |
Columbia Acorn International SelectSM | 85,117 |
Columbia Acorn SelectSM | 694,365 |
Columbia Thermostat FundSM | 388,322 |
Columbia Acorn Emerging Markets FundSM | 9,954 |
Columbia Acorn European FundSM | 141,465 |
Columbia Acorn Family of Funds | Annual Report 2016 | 133 |
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December 31, 2016
Fund | Undistributed (excess of distributions over) net investment income ($) | Accumulated net realized gain (loss) ($) | Paid-In Capital Increase (Decrease) ($) |
Columbia Acorn® Fund | 2,685,733 | (213,459,778) | 210,774,045 |
Columbia Acorn International® | 32,850,182 | (17,260,731) | (15,589,451) |
Columbia Acorn USA® | 2,258,391 | 11,173 | (2,269,564) |
Columbia Acorn International SelectSM | 95,800 | (24,824) | (70,976) |
Columbia Acorn SelectSM | 645,215 | 52,685 | (697,900) |
Columbia Thermostat FundSM | 2,253,509 | (2,547,324) | 293,815 |
Columbia Acorn Emerging Markets FundSM | (65,434) | 91,408 | (25,974) |
Columbia Acorn European FundSM | 80,637 | (80,637) | — |
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Year Ended December 31, 2016 | Year Ended December 31, 2015 | |||||||
Fund | Ordinary income ($) | Long-term capital gains ($) | Tax return of capital ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Tax return of capital ($) | Total ($) |
Columbia Acorn® Fund | — | 1,778,266,515 | — | 1,778,266,515 | — | 3,585,084,598 | — | 3,585,084,598 |
Columbia Acorn International® | 29,981,674 | 39,664,002 | — | 69,645,676 | 84,310,276 | 271,338,817 | — | 355,649,093 |
Columbia Acorn USA® | — | 238,540,555 | — | 238,540,555 | — | 299,435,943 | — | 299,435,943 |
Columbia Acorn International SelectSM | 834,655 | — | 102,686 | 937,341 | 3,693,352 | — | 53,469 | 3,746,821 |
Columbia Acorn SelectSM | — | 55,197,227 | — | 55,197,227 | 16,453,889 | 148,151,227 | — | 164,605,116 |
Columbia Thermostat FundSM | 6,194,754 | 21,063,441 | — | 27,258,195 | 29,188,757 | 13,167,986 | — | 42,356,743 |
Columbia Acorn Emerging Markets FundSM | 544,142 | — | 404,319 | 948,461 | 4,455,103 | — | 203,958 | 4,659,061 |
Columbia Acorn European FundSM | 419,336 | — | — | 419,336 | 747,168 | — | — | 747,168 |
Fund | Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation (depreciation) ($) |
Columbia Acorn® Fund | 22,321,407 | 149,863,584 | — | 1,401,757,695 |
Columbia Acorn International® | 43,466,648 | — | (46,821,711) | 832,097,391 |
Columbia Acorn USA® | — | 19,336,705 | — | 183,642,595 |
Columbia Acorn International SelectSM | — | — | (14,662,013) | 15,401,840 |
Columbia Acorn SelectSM | — | 25,549,240 | — | 49,526,149 |
Columbia Thermostat FundSM | 13,648,908 | 3,913,220 | — | 15,287,870 |
Columbia Acorn Emerging Markets FundSM | — | — | (85,699,518) | (2,961,098) |
Columbia Acorn European FundSM | 174,167 | — | (9,443,844) | 4,723,387 |
Fund | Tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation (depreciation) ($) |
Columbia Acorn® Fund | 3,502,338,923 | 1,479,513,155 | (77,755,460) | 1,401,757,695 |
Columbia Acorn International® | 3,982,689,795 | 1,082,599,234 | (250,501,843) | 832,097,391 |
Columbia Acorn USA® | 484,362,652 | 194,048,244 | (10,405,649) | 183,642,595 |
Columbia Acorn International SelectSM | 89,234,209 | 21,141,621 | (5,739,781) | 15,401,840 |
Columbia Acorn SelectSM | 258,855,537 | 53,651,673 | (4,125,524) | 49,526,149 |
Columbia Thermostat FundSM | 1,090,554,326 | 21,642,970 | (6,355,100) | 15,287,870 |
Columbia Acorn Emerging Markets FundSM | 110,127,305 | 13,111,522 | (16,072,620) | (2,961,098) |
Columbia Acorn European FundSM | 44,527,887 | 6,729,040 | (2,005,653) | 4,723,387 |
Columbia Acorn Family of Funds | Annual Report 2016 | 135 |
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December 31, 2016
Fund | 2017 ($) | 2018 ($) | 2019 ($) | No expiration short-term ($) | No expiration long-term ($) | Total ($) | Utilized ($) | Expired ($) | Permanently lost ($) |
Columbia Acorn International® | — | — | — | 46,821,711 | — | 46,821,711 | — | 15,589,450 | — |
Columbia Acorn International SelectSM | — | — | — | 14,662,013 | — | 14,662,013 | 361,514 | — | — |
Columbia Acorn Emerging Markets FundSM | — | — | — | 44,001,715 | 41,697,803 | 85,699,518 | — | — | — |
Columbia Acorn European FundSM | — | — | — | 5,868,008 | 3,575,836 | 9,443,844 | — | — | — |
Fund | Late year ordinary losses ($) | Post-october capital losses ($) |
Columbia Acorn International SelectSM | 8,631 | — |
Columbia Acorn Emerging Markets FundSM | 297,319 | — |
Fund name | Average daily loan balance outstanding | Weighted average interest rate |
Columbia Acorn® Fund | $ 9,500,000 | 1.44 % |
Columbia Acorn Emerging Markets FundSM | $ 8,800,000 | 1.37 % |
136 | Columbia Acorn Family of Funds | Annual Report 2016 |
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December 31, 2016
Purchases ($) | Proceeds from sales ($) | Purchases of U.S. Government securities ($) | Proceeds from Sales of U.S. Government securities ($) | |
Columbia Acorn® Fund | 4,754,585,619 | 6,925,966,545 | — | — |
Columbia Acorn International® | 2,550,415,285 | 4,200,382,575 | — | — |
Columbia Acorn USA® | 651,348,456 | 946,651,264 | — | — |
Columbia Acorn International SelectSM | 54,462,162 | 92,883,267 | — | — |
Columbia Acorn SelectSM | 253,820,139 | 380,325,911 | — | — |
Columbia Thermostat FundSM | 1,061,310,219 | 1,087,974,321 | — | — |
Columbia Acorn Emerging Markets FundSM | 68,672,780 | 222,415,474 | — | — |
Columbia Acorn European FundSM | 22,104,565 | 35,249,174 | — | — |
Columbia Acorn Family of Funds | Annual Report 2016 | 137 |
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December 31, 2016
Fund | Number of unaffiliated accounts | Percentage of shares outstanding held — unaffiliated (%) | Percentage of shares outstanding held — affiliated (%) |
Columbia Acorn International® | 1 | 20.3 | — |
Columbia Acorn USA® | 2 | 59.4 | — |
Columbia Acorn International SelectSM | 2 | 31.2 | 11.5 |
Columbia Acorn SelectSM | 1 | 18.5 | 13.3 |
Columbia Thermostat FundSM | 1 | 19.7 | 24.4 |
Columbia Acorn Emerging Markets FundSM | 1 | 10.1 | 33.7 |
Columbia Acorn European FundSM | 1 | 10.9 | 43.8 |
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140 | Columbia Acorn Family of Funds | Annual Report 2016 |
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(Unaudited)
Qualified dividend income | Dividends received deduction | Capital gain dividend | Foreign taxes paid | Foreign taxes paid per share | Foreign source income | Foreign source income per share | |
Columbia Acorn® Fund | 0.00% | 0.00% | $1,522,583,839 | $0 | $0.00 | $0 | $0.00 |
Columbia Acorn International® | 100.00% | 0.00% | $0 | $10,588,165 | $0.09 | $114,405,379 | $0.93 |
Columbia Acorn USA® | 0.00% | 0.00% | $182,446,714 | $0 | $0.00 | $0 | $0.00 |
Columbia Acorn International SelectSM | 100.00% | 0.79% | $0 | $158,903 | $0.03 | $1,885,280 | $0.41 |
Columbia Acorn SelectSM | 0.00% | 0.00% | $53,086,026 | $0 | $0.00 | $0 | $0.00 |
Columbia Thermostat FundSM | 28.44% | 24.61% | $4,340,706 | $69,323 | $0.00 | $250,704 | $0.00 |
Columbia Acorn Emerging Markets FundSM | 100.00% | 0.00% | $0 | $555,341 | $0.05 | $2,939,296 | $0.27 |
Columbia Acorn European FundSM | 100.00% | 0.00% | $0 | $136,427 | $0.04 | $1,517,428 | $0.46 |
Columbia Acorn Family of Funds | Annual Report 2016 | 141 |
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Shareholder Services Group
227 W. Monroe, Suite 3000
800.922.6769
Name and age at December 31, 2016 | Year first appointed or elected to a Board in the Columbia Funds Complex | Principal occupation(s) during the past five years | Number of Funds in the Columbia Funds Complex overseen (1) | Other directorships held by the Trustee during the past five years in addition to Columbia Acorn Trust and Wanger Advisors Trust |
Laura M. Born, 51, Chair | 2007 | Adjunct Associate Professor of Finance, University of Chicago Booth School of Business since 2007; Director, Carlson Inc. (private global hospitalities and travel company) since 2015; Managing Director – Investment Banking, JP Morgan Chase & Co. (broker-dealer) 2002-2007. | 11 | None. |
Maureen M. Culhane, 68 | 2007 | Retired. Formerly, Vice President, Goldman Sachs Asset Management, L.P. (investment adviser), 2005-2007; Vice President (Consultant) – Strategic Relationship Management, Goldman, Sachs & Co., 1999-2005. | 11 | None. |
Margaret M. Eisen, 63 | 2002 | Trustee, Smith College since 2012; Chief Investment Officer, EAM International LLC (corporate finance and asset management), 2003-2013; Managing Director, CFA Institute, 2005-2008. | 11 | RMB Investors Trust (formerly Burnham Investors Trust) (3 series). |
Thomas M. Goldstein, 57 | 2014 | Retired. Formerly, Chief Financial Officer, Allstate Protection Division, 2011-2014; Founding Partner, The GRG Group LLC, 2009-2011; Managing Director and Chief Financial Officer, Madison Dearborn Partners, 2007-2009. | 11 | Federal Home Loan Bank – Chicago; Federal Home Loan Mortgage Corporation. |
John C. Heaton, 57 | 2010 | Deputy Dean for Faculty, University of Chicago Booth School of Business; Joseph L. Gidwitz Professor of Finance, University of Chicago Booth School of Business since July 2000. | 11 | None. |
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Name and age at December 31, 2016 | Year first appointed or elected to a Board in the Columbia Funds Complex | Principal occupation(s) during the past five years | Number of Funds in the Columbia Funds Complex overseen (1) | Other directorships held by the Trustee during the past five years in addition to Columbia Acorn Trust and Wanger Advisors Trust |
Charles R. Phillips, 60 | 2015 | Retired. Director, University of North Carolina School of Law Foundation since 2010. Formerly, Vice Chairman, J.P. Morgan Private Bank, 2011-2014; Managing Director, J.P. Morgan Private Bank, 2001-2011. | 11 | None. |
David J. Rudis, 63, Vice Chair | 2010 | Retired. Formerly, National Checking and Debit Executive, and Illinois President, Bank of America, 2007-2009; President, Consumer Banking Group, LaSalle National Bank, 2004-2007. | 11 | None. |
Name and age at December 31, 2016 | Year first appointed or elected to a Board in the Columbia Funds Complex | Principal occupation(s) during the past five years | Number of Funds in the Columbia Funds Complex overseen (1) | Other directorships held by the Trustee during the past five years in addition to Columbia Acorn Trust and Wanger Advisors Trust |
P. Zachary Egan, 48 (2) | 2015 | President, CWAM and President, Columbia Acorn Trust and Wanger Advisors Trust since April 2014; Global Chief Investment Officer, CWAM since October 2015; International Chief Investment Officer, CWAM, April 2014-September 2015; Director of International Research, CWAM, December 2004-March 2014; Vice President of Columbia Acorn Trust, 2003-2014, and Wanger Advisors Trust, 2007-2014; portfolio manager and analyst, CWAM or its predecessors, since 1999. | 11 | None. |
Ralph Wanger, 82 (3) | 1970 (4) | Founder, CWAM. Formerly, President, Chief Investment Officer and portfolio manager, CWAM or its predecessors, July 1992-September 2003; Director, Wanger Investment Company PLC; Consultant to CWAM or its predecessors, September 2003-September 2005. | 11 | None. |
(1) | The Trustees oversee the series of Wanger Advisors Trust and Columbia Acorn Trust. |
(2) | Mr. Egan is an "interested person" of Wanger Advisers Trust and Columbia Acorn Trust, and of CWAM, as defined in the 1940 Act, because he is an officer of each Trust and an employee of CWAM. |
(3) | As permitted under the Trust’s Bylaws, Mr. Wanger serves as a non-voting Trustee Emeritus of Columbia Acorn Trust and Wanger Advisors Trust. |
(4) | Dates prior to 1992 relate to the Acorn Fund, Inc., the predecessor trust to Columbia Acorn Trust. |
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Name and age at December 31, 2016 | Position held with Columbia Acorn Trust and Wanger Advisors Trust | Year first appointed or elected to office | Principal occupation(s) during the past five years |
Alan G. Berkshire, 56 | Vice President | 2015 | Chief Operating Officer, CWAM since April 2015. Formerly, Independent Director, ValueQuest India Moat Fund Limited (Mauritius), April 2014-March 2015; President – North America, Religare Global Asset Management, Inc., June 2011-November 2013; Partner, Estancia Capital Management LLC, September 2009-June 2011. |
Michael G. Clarke, 47 | Assistant Treasurer | 2004 | Vice President – Mutual Fund Administration, Columbia Management Investment Advisers, LLC since May 2010; Managing Director of Fund Administration, Columbia Management Advisors, LLC, September 2004-April 2010; Senior officer of Columbia funds and affiliated funds since 2002. |
William J. Doyle, 52 | Vice President | 2014 | Portfolio manager and/or analyst, CWAM or its predecessors since 2006; Vice President, Columbia Acorn Trust and Wanger Advisors Trust since 2014. |
P. Zachary Egan, 48 | President | 2007 | President, CWAM and President, Columbia Acorn Trust and Wanger Advisors Trust since April 2014; Global Chief Investment Officer, CWAM since October 2015; International Chief Investment Officer, CWAM, April 2014-September 2015; Director of International Research, CWAM, December 2004-March 2014; Vice President of Columbia Acorn Trust, 2003-2014, and Wanger Advisors Trust, 2007-2014; portfolio manager and analyst, CWAM or its predecessors, since 1999. |
David L. Frank, 53 | Vice President | 2014 | Portfolio manager and/or analyst, CWAM or its predecessors since 2002; Vice President, Columbia Acorn Trust and Wanger Advisors Trust since 2014. |
Paul B. Goucher, 48 | Assistant Secretary | 2015 | Senior Vice President and Assistant General Cousel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively, and Chief Counsel, January 2010 - January 2013); Vice President, Chief Legal Counsel and Assistant Secretary, Columbia Management Investment Advisers, LLC since May 2010. |
Fritz Kaegi, 45 | Vice President | 2011 | Portfolio manager and/or analyst, CWAM or its predecessors since 2004; Vice President, Columbia Acorn Trust and Wanger Advisors Trust since 2011. |
John Kunka, 46 | Vice President, Treasurer and Principal Accounting and Financial Officer | 2006 | Treasurer and Principal Accounting and Financial Officer, Columbia Acorn Trust and Wanger Advisors Trust since 2014; Vice President of Accounting and Operations, CWAM since May 2006; formerly, Assistant Treasurer, Columbia Acorn Trust and Wanger Advisors Trust 2006-2014. |
Stephen Kusmierczak, 49 | Vice President | 2011 | Portfolio manager and/or analyst, CWAM or its predecessors since 2001; Vice President, Columbia Acorn Trust and Wanger Advisors Trust since 2011. |
Joseph C. LaPalm, 47 | Vice President | 2006 | Chief Compliance Officer, CWAM since 2005. |
Ryan C. Larrenaga, 46 | Assistant Secretary | 2015 | Vice President and Group Counsel, Ameriprise Financial, Inc. since August 2011 (previously, Counsel, May 2010-August 2011); Assistant General Counsel, Bank of America, 2005-April 2010; officer of Columbia funds and affiliated funds since 2005. |
Matthew A. Litfin, 45 | Vice President | 2016 | Director of Research (U.S.) and portfolio manager, CWAM since December 2015; formerly, portfolio manager, William Blair & Company 1993-2015; Vice President, Columbia Acorn Trust and Wanger Advisors Trust since 2016. |
Satoshi Matsunaga, 45 | Vice President | 2015 | Portfolio manager and/or analyst, CWAM or its predecessors since 2005; Vice President, Columbia Acorn Trust and Wanger Advisors Trust since 2015. |
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Name and age at December 31, 2016 | Position held with Columbia Acorn Trust and Wanger Advisors Trust | Year first appointed or elected to office | Principal occupation(s) during the past five years |
Thomas P. McGuire, 44 | Chief Compliance Officer | 2015 | Chief Compliance Officer of the Columbia family of mutual funds for which Columbia Management Investment Advisers, LLC serves as investment adviser since 2012; Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Ameriprise Certificate Company since September 2010; Compliance Executive, Bank of America, 2005-April 2010. |
Louis J. Mendes III, 52 | Vice President | 2003 | International Director of Research, CWAM, since 2015; portfolio manager and/or analyst, CWAM or its predecessors since 2001; Vice President, Columbia Acorn Trust since 2003 and Wanger Advisors Trust since 2005. |
Julian Quero, 49 | Assistant Treasurer | 2015 | Vice President – Tax, Columbia Management Investment Advisers, LLC since 2009. |
Martha A. Skinner, 42 | Assistant Treasurer | 2016 | Vice President of Financial Reporting and Administration, Columbia Management since November 2015; Director of Financial Reporting, Columbia Management, April 2013-November 2015; Manager of Financial Reporting, Columbia Management, August 2010-April 2013. |
Matthew S. Szafranski, 39 | Vice President | 2015 | Portfolio manager and/or analyst, CWAM or its predecessors since 2008; Vice President, Columbia Acorn Trust and Wanger Advisors Trust since 2015. |
Andreas Waldburg-Wolfegg, 51 | Vice President | 2011 | Portfolio manager and/or analyst, CWAM or its predecessors since 2002; Vice President, Columbia Acorn Trust and Wanger Advisors Trust since 2011. |
Linda Roth-Wiszowaty, 47 | Secretary | 2006 | Business support analyst, CWAM since April 2007; Secretary, Columbia Acorn Trust and Wanger Advisors Trust since 2014; Assistant Secretary, Columbia Acorn Trust and Wanger Advisors Trust, 2006-2014. |
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as of December 31, 2016
Columbia Acorn® Fund | Class A | Class B(a) | Class C | Class I | Class R | Class R4 | Class R5 | Class Y | Class Z |
Investment advisory fee | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | ||
Distribution and/or service fees | 0.25% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||
Other expenses | 0.19% | 0.18% | 0.10% | 0.23% | 0.15% | 0.10% | 0.16% | ||
Net expense ratio | 1.10% | 1.84% | 0.76% | 0.89% | 0.81% | 0.76% | 0.82% | ||
Columbia Acorn International® | |||||||||
Investment advisory fee | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Distribution and/or service fees | 0.25% | 0.75% | 1.00% | 0.00% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
Other expenses | 0.22% | 0.40% | 0.23% | 0.12% | 0.29% | 0.29% | 0.17% | 0.12% | 0.22% |
Net expense ratio | 1.23% | 1.91% | 1.99% | 0.88% | 1.55% | 1.05% | 0.93% | 0.88% | 0.98% |
Columbia Acorn USA® | |||||||||
Investment advisory fee | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% | ||
Distribution and/or service fees | 0.25% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||
Other expenses | 0.27% | 0.24% | 0.09% | 0.29% | 0.18% | 0.12% | 0.27% | ||
Net expense ratio | 1.41% | 2.13% | 0.98% | 1.18% | 1.07% | 1.01% | 1.16% | ||
Columbia Acorn International SelectSM | |||||||||
Investment advisory fee | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% | ||
Distribution and/or service fees | 0.25% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||
Other expenses | 0.31% | 0.31% | 0.11% | 0.29% | 0.27% | 0.12% | 0.27% | ||
Net expense ratio | 1.48% | 2.23% | 1.03% | 1.21% | 1.19% | 1.04% | 1.19% | ||
Columbia Acorn SelectSM | |||||||||
Investment advisory fee | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | ||
Distribution and/or service fees | 0.25% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||
Other expenses | 0.27% | 0.26% | 0.15% | 0.28% | 0.20% | 0.15% | 0.25% | ||
Net expense ratio | 1.17% | 1.91% | 0.80% | 0.93% | 0.85% | 0.80% | 0.90% | ||
Columbia Thermostat FundSM | |||||||||
Investment advisory fee | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | |||
Distribution and/or service fees | 0.25% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||
Other expenses | 0.15% | 0.15% | 0.15% | 0.14% | 0.09% | 0.15% | |||
Net expense ratio(b) | 0.50% | 1.25% | 0.25% | 0.24% | 0.19% | 0.25% | |||
Columbia Acorn Emerging Markets FundSM | |||||||||
Investment advisory fee | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% | ||
Distribution and/or service fees | 0.25% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||
Other expenses | 0.44% | 0.44% | 0.30% | 0.42% | 0.31% | 0.30% | 0.43% | ||
Net expense ratio | 1.84% | 2.59% | 1.45% | 1.57% | 1.46% | 1.45% | 1.58% | ||
Columbia Acorn European FundSM | |||||||||
Investment advisory fee | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | |||
Distribution and/or service fees | 0.25% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||
Other expenses | 0.31% | 0.31% | 0.23% | 0.31% | 0.28% | 0.31% | |||
Net expense ratio | 1.75% | 2.50% | 1.42% | 1.50% | 1.47% | 1.50% |
(a) | Effective April 26, 2016, only Columbia Acorn International continues to offer Class B shares. |
(b) | Does not include estimated fees and expenses of 0.51% incurred by Columbia Thermostat Fund from the underlying portfolio funds in which it invests. |
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Item 2. Code of Ethics.
(a) | The registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. |
(b) | During the period covered by this report, there were not any amendments to a provision of the code of ethics adopted in 2(a) above. |
(c) | During the period covered by this report, there were no waivers, including any implicit waivers, from a provision of the code of ethics described in 2(a) above that relates to one or more of the items set forth in paragraph (b) of this item’s instructions. |
Item 3. Audit Committee Financial Expert.
The registrant’s Board of Trustees has determined that Thomas Goldstein, a member of the registrant’s Board of Trustees and Audit Committee, qualifies as an audit committee financial expert. Mr. Goldstein is an independent trustee, as defined in paragraph (a)(2) of this item’s instructions.
Item 4. Principal Accountant Fees and Services.
(a) Audit Fees. Aggregate Audit Fees billed by the principal accountant for professional services rendered during the fiscal years ended December 31, 2016 and December 31, 2015 are approximately as follows:
2016 | 2015 | |
$295,800 | $287,200 |
Audit Fees include amounts related to the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years.
(b) Audit-Related Fees. Aggregate Audit-Related Fees billed to the registrant by the principal accountant for professional services rendered during the fiscal years ended December 31, 2016 and December 31, 2015 are approximately as follows:
2016 | 2015 | |
$25,000 | $47,500 |
Audit-Related Fees include amounts for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported in Audit Fees above. In fiscal years 2016 and 2015, Audit-Related Fees consist of agreed-upon procedures performed for other audit-related additional testing.
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During the fiscal years ended December 31, 2016 and December 31, 2015, there were no Audit-Related Fees billed by the registrant’s principal accountant to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for an engagement that related directly to the operations and financial reporting of the registrant.
(c) Tax Fees. Aggregate Tax Fees billed by the principal accountant to the registrant for professional services rendered during the fiscal years ended December 31, 2016 and December 31, 2015 are approximately as follows:
2016 | 2015 | |
$70,800 | $70,800 |
Tax Fees incurred in both fiscal years 2016 and 2015 relate to the review of annual tax returns, the review of required shareholder distribution calculations and include amounts for professional services by the principal accountant for tax compliance, tax advice and tax planning.
During the fiscal years ended December 31, 2016 and December 31, 2015, there were no Tax Fees billed by the registrant’s principal accountant to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for an engagement that related directly to the operations and financial reporting of the registrant.
(d) All Other Fees. Aggregate All Other Fees billed by the principal accountant to the registrant for professional services rendered during the fiscal years ended December 31, 2016 and December 31, 2015 are as follows:
2016 | 2015 | |
$0 | $0 |
All Other Fees include amounts for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) above.
Aggregate All Other Fees billed by the registrant’s principal accountant to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for an engagement that related directly to the operations and financial reporting of the registrant during the fiscal years ended December 31, 2016 and December 31, 2015 are approximately as follows:
2016 | 2015 | |
$225,000 | $225,000 |
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In both fiscal years 2016 and 2015, All Other Fees primarily consist of professional services rendered for internal control reviews.
(e)(1) Audit Committee Pre-Approval Policies and Procedures
The policy of the registrant’s Audit Committee is to specifically pre-approve (i) all audit and non-audit (including audit related, tax and all other) services provided by the registrant’s independent auditor to the registrant and individual funds (collectively “Fund Services”) and (ii) all non-audit services provided by the registrant’s independent auditor to the funds’ adviser or a control affiliate of the adviser, that relate directly to the funds’ operations and financial reporting (collectively “Fund-related Adviser Services”). A “control affiliate” is an entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the funds, and the term “adviser” is deemed to exclude any unaffiliated sub-adviser whose role is primarily portfolio management and is sub-contracted or overseen by another investment adviser.
If such Fund Services or Fund-related Adviser Services are required during the period between the Audit Committee’s regularly scheduled meetings, the Chairman of the Audit Committee has the authority to pre-approve the service, with reporting to the full Audit Committee at the next regularly scheduled meeting.
The Audit Committee will waive pre-approval of Fund Services or Fund-related Adviser Services provided that the requirements under paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X are met.
(e)(2) The percentage of services described in paragraphs (b) through (d) of this Item approved pursuant to the “de minimis” exception under paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X during both fiscal years ended December 31, 2016 and December 31, 2015 was zero.
(f) | Not applicable. |
(g) The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for the fiscal years ended December 31, 2016 and December 31, 2015 are approximately as follows:
2016 | 2015 | |
$320,800 | $343,300 |
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(h) The registrant’s Audit Committee of the Board of Directors has considered whether the provision of non-audit services that were rendered to the registrant’s adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X, is compatible with maintaining the principal accountant’s independence.
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 material 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. |
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(b) | There was no change in the registrant’s internal control over financial reporting that occurred during the registrant’s second fiscal quarter of 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. Exhibits.
(a)(1) Code of ethics required to be disclosed under Item 2 of Form N-CSR attached hereto as Exhibit 99.CODE ETH.
(a)(2) Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.
(a)(3) Not applicable.
(b) Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) attached hereto as Exhibit 99.906CERT.
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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 Acorn Trust |
By (Signature and Title) | /s/ P. Zachary Egan | |
P. Zachary Egan, President and Principal Executive Officer |
Date | February 21, 2017 |
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/ P. Zachary Egan | |
P. Zachary Egan, President and Principal Executive Officer |
Date | February 21, 2017 |
By (Signature and Title) | /s/ John M. Kunka | |
John M. Kunka, Treasurer and Principal Accounting and Financial Officer |
Date | February 21, 2017 |