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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, 2017
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, 2017
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Columbia Acorn® Fund
Average annual total returns (%) (for the period ended December 31, 2017) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 24.91 | 12.10 | 7.82 | 13.98 |
Including sales charges | 17.77 | 10.78 | 7.18 | 13.84 | ||
Advisor Class | 11/08/12 | 25.19 | 12.35 | 8.09 | 14.34 | |
Class C | Excluding sales charges | 10/16/00 | 23.88 | 11.28 | 7.00 | 13.12 |
Including sales charges | 23.10 | 11.28 | 7.00 | 13.12 | ||
Institutional Class | 06/10/70 | 25.24 | 12.42 | 8.13 | 14.35 | |
Institutional 2 Class | 11/08/12 | 25.21 | 12.44 | 8.14 | 14.35 | |
Institutional 3 Class | 11/08/12 | 25.31 | 12.51 | 8.17 | 14.36 | |
Russell 2500 Growth Index | 24.46 | 15.47 | 9.62 | - |
Columbia Acorn Family of Funds | Annual Report 2017 | 3 |
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Columbia Acorn® Fund
Top ten holdings (%) (at December 31, 2017) | |
Pra Health Sciences, Inc. Global contract research organization | 1.7 |
Masimo Corp. Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 1.6 |
Old Dominion Freight Line, Inc. Inter-regional and multi-regional motor carrier | 1.5 |
ANSYS, Inc. Software solutions for design analysis and optimization | 1.5 |
HealthSouth Corp. Inpatient rehabilitative healthcare services | 1.5 |
IPG Photonics Corp. High-power fiber lasers and amplifiers | 1.5 |
WABCO Holdings, Inc. Electronic braking, stability, suspension, and transmission control systems commercial vehicles | 1.4 |
TransUnion Offers consumer reports, risk scores, analytical services, and decisioning capabilities to businesses | 1.3 |
CDW Corp. IT products and services | 1.3 |
Lazard Ltd., Class A Corporate Advisory & Asset Management | 1.3 |
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Columbia Acorn® Fund
Portfolio breakdown (%) (at December 31, 2017) | |
Common Stocks | 98.2 |
Limited Partnerships | 0.4 |
Money Market Funds | 0.6 |
Securities Lending Collateral | 0.8 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2017) | |
Consumer Discretionary | 19.0 |
Consumer Staples | 1.7 |
Energy | 0.9 |
Financials | 9.0 |
Health Care | 22.8 |
Industrials | 17.4 |
Information Technology | 23.3 |
Materials | 2.4 |
Real Estate | 2.6 |
Telecommunication Services | 0.9 |
Total | 100.0 |
Columbia Acorn Family of Funds | Annual Report 2017 | 5 |
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Columbia Acorn® Fund
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Columbia Acorn® Fund
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Columbia Acorn International®
Average annual total returns (%) (for the period ended December 31, 2017) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 31.91 | 8.06 | 4.25 | 10.18 |
Including sales charges | 24.33 | 6.78 | 3.63 | 9.92 | ||
Advisor Class | 11/08/12 | 32.21 | 8.29 | 4.54 | 10.57 | |
Class C | Excluding sales charges | 10/16/00 | 30.93 | 7.25 | 3.45 | 9.37 |
Including sales charges | 29.93 | 7.25 | 3.45 | 9.37 | ||
Institutional Class | 09/23/92 | 32.24 | 8.35 | 4.57 | 10.58 | |
Institutional 2 Class | 08/02/11 | 32.27 | 8.39 | 4.59 | 10.59 | |
Institutional 3 Class | 11/08/12 | 32.36 | 8.44 | 4.62 | 10.60 | |
Class R | 08/02/11 | 31.58 | 7.68 | 3.92 | 9.89 | |
MSCI ACWI ex USA SMID Cap Index (Net) | 30.35 | 9.14 | 3.81 | - | ||
MSCI ACWI ex USA SMID Cap Growth Index (Net) | 32.40 | 9.35 | 3.17 | - |
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Columbia Acorn International®
Top ten holdings (%) (at December 31, 2017) | |
Hexagon AB, Class B (Sweden) Design, measurement and visualisation technologies | 2.7 |
Partners Group Holding AG (Switzerland) Global private markets asset management firm | 2.6 |
CCL Industries, Inc. (Canada) Manufacturing services and specialty packaging products for the non-durable consumer products market | 2.6 |
Kindred Group PLC (Malta) Online gambling services | 2.2 |
FamilyMart UNY Holdings Co., Ltd. (Japan) Chain of convenience stores | 2.0 |
Wirecard AG (Germany) Internet payment and processing services | 1.9 |
Halma PLC (United Kingdom) Products that detect hazards and protect assets and people in public and commercial buildings | 1.9 |
Brembo SpA (Italy) Braking systems and components | 1.7 |
Novozymes AS, Class B (Denmark) Enzymes for industrial use | 1.7 |
MTU Aero Engines AG (Germany) Develops and manufactures engines and offers commercial engine services and support | 1.7 |
Columbia Acorn Family of Funds | Annual Report 2017 | 9 |
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Columbia Acorn International®
Equity sector breakdown (%) (at December 31, 2017) | |
Consumer Discretionary | 24.0 |
Consumer Staples | 5.8 |
Energy | 0.5 |
Financials | 10.0 |
Health Care | 8.0 |
Industrials | 21.3 |
Information Technology | 18.2 |
Materials | 9.5 |
Real Estate | 2.7 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2017) | |
Australia | 0.9 |
Brazil | 1.6 |
Cambodia | 0.2 |
Canada | 5.0 |
Cayman Islands | 1.6 |
China | 5.2 |
Denmark | 3.5 |
France | 1.1 |
Germany | 9.9 |
Hong Kong | 0.7 |
India | 2.8 |
Indonesia | 0.8 |
Ireland | 0.9 |
Italy | 2.1 |
Japan | 23.3 |
Malta | 2.1 |
Mexico | 1.4 |
Netherlands | 1.2 |
New Zealand | 0.5 |
Philippines | 0.5 |
Singapore | 1.5 |
South Africa | 1.7 |
South Korea | 3.5 |
Spain | 0.8 |
Sweden | 4.6 |
Switzerland | 2.5 |
Taiwan | 1.4 |
Thailand | 1.4 |
United Kingdom | 12.0 |
United States(a) | 5.3 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
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Columbia Acorn International®
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Columbia Acorn International®
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Columbia Acorn USA®
Average annual total returns (%) (for the period ended December 31, 2017) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 19.14 | 12.56 | 7.88 | 10.34 |
Including sales charges | 12.30 | 11.24 | 7.24 | 10.03 | ||
Advisor Class | 11/08/12 | 19.42 | 12.85 | 8.16 | 10.70 | |
Class C | Excluding sales charges | 10/16/00 | 18.30 | 11.80 | 7.10 | 9.54 |
Including sales charges | 17.65 | 11.80 | 7.10 | 9.54 | ||
Institutional Class | 09/04/96 | 19.44 | 12.85 | 8.17 | 10.70 | |
Institutional 2 Class | 11/08/12 | 19.56 | 12.96 | 8.22 | 10.72 | |
Institutional 3 Class | 11/08/12 | 19.60 | 13.02 | 8.24 | 10.74 | |
Russell 2000 Growth Index | 22.17 | 15.21 | 9.19 | - |
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Columbia Acorn USA®
Top ten holdings (%) (at December 31, 2017) | |
HealthSouth Corp. Inpatient rehabilitative healthcare services | 2.0 |
Extended Stay America, Inc. Hotels and motels | 1.8 |
AMN Healthcare Services, Inc. Temporary healthcare staffing | 1.6 |
Houlihan Lokey, Inc. Investment bank | 1.6 |
Dave & Buster’s Entertainment, Inc. Venues that combine dining and entertainment for adults and families | 1.6 |
Monolithic Power Systems, Inc. Power management solutions | 1.5 |
Brink’s Co. (The) Provides security services globally | 1.5 |
First Busey Corp. Multi-bank holding company | 1.5 |
OM Asset Management PLC Domestic and international equities, fixed income, and alternative investments | 1.4 |
Texas Roadhouse, Inc. Moderately priced, full service restaurant chain | 1.4 |
Portfolio breakdown (%) (at December 31, 2017) | |
Common Stocks | 98.7 |
Money Market Funds | 0.3 |
Securities Lending Collateral | 1.0 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2017) | |
Consumer Discretionary | 19.8 |
Consumer Staples | 3.4 |
Energy | 1.4 |
Financials | 12.8 |
Health Care | 28.1 |
Industrials | 10.7 |
Information Technology | 20.0 |
Materials | 1.7 |
Real Estate | 2.1 |
Total | 100.0 |
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Columbia Acorn USA®
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Columbia Acorn USA®
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Columbia Acorn International SelectSM
Average annual total returns (%) (for the period ended December 31, 2017) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 35.30 | 7.46 | 3.74 | 8.75 |
Including sales charges | 27.54 | 6.20 | 3.12 | 8.42 | ||
Advisor Class | 11/08/12 | 35.67 | 7.74 | 4.06 | 9.09 | |
Class C | Excluding sales charges | 10/16/00 | 34.32 | 6.64 | 2.93 | 7.93 |
Including sales charges | 33.32 | 6.64 | 2.93 | 7.93 | ||
Institutional Class | 11/23/98 | 35.70 | 7.77 | 4.07 | 9.10 | |
Institutional 2 Class | 11/08/12 | 35.72 | 7.82 | 4.09 | 9.11 | |
Institutional 3 Class | 11/08/12 | 35.81 | 7.87 | 4.12 | 9.13 | |
MSCI ACWI ex USA Index (Net) | 27.19 | 6.80 | 1.84 | - | ||
MSCI ACWI ex USA Growth Index (Net) | 32.01 | 7.97 | 2.40 | - |
Columbia Acorn Family of Funds | Annual Report 2017 | 17 |
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Columbia Acorn International SelectSM
Top ten holdings (%) (at December 31, 2017) | |
Partners Group Holding AG (Switzerland) Global private markets asset management firm | 5.0 |
Hexagon AB, Class B (Sweden) Design, measurement and visualisation technologies | 4.8 |
MTU Aero Engines AG (Germany) Develops and manufactures engines and offers commercial engine services and support | 4.8 |
Naspers Ltd., Class N (South Africa) Electronic and print media industries | 4.7 |
CCL Industries, Inc. (Canada) Manufacturing services and specialty packaging products for the non-durable consumer products market | 4.5 |
FamilyMart UNY Holdings Co., Ltd. (Japan) Chain of convenience stores | 4.4 |
Wirecard AG (Germany) Internet payment and processing services | 4.3 |
NetEase, Inc., ADR (China) Internet technology company that develops applications, services and Internet technologies | 4.3 |
Novozymes AS, Class B (Denmark) Enzymes for industrial use | 4.1 |
Zee Entertainment Enterprises Ltd. (India) Hindi films, serials, game shows and children’s programs | 3.3 |
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Columbia Acorn International SelectSM
Equity sector breakdown (%) (at December 31, 2017) | |
Consumer Discretionary | 18.6 |
Consumer Staples | 4.4 |
Financials | 8.1 |
Health Care | 12.5 |
Industrials | 21.2 |
Information Technology | 21.7 |
Materials | 10.7 |
Real Estate | 2.8 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2017) | |
Australia | 1.9 |
Canada | 4.1 |
China | 8.0 |
Denmark | 3.8 |
France | 3.5 |
Germany | 10.1 |
India | 3.0 |
Ireland | 1.5 |
Italy | 1.6 |
Japan | 16.7 |
Mexico | 1.9 |
Netherlands | 2.8 |
South Africa | 4.3 |
South Korea | 2.0 |
Sweden | 6.2 |
Switzerland | 4.5 |
Taiwan | 2.1 |
United Kingdom | 13.8 |
United States(a) | 8.2 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
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Columbia Acorn International SelectSM
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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, 2017) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 26.42 | 13.85 | 6.72 | 10.24 |
Including sales charges | 19.16 | 12.51 | 6.09 | 9.89 | ||
Advisor Class | 11/08/12 | 26.71 | 14.13 | 7.01 | 10.57 | |
Class C | Excluding sales charges | 10/16/00 | 25.40 | 13.01 | 5.90 | 9.41 |
Including sales charges | 24.40 | 13.01 | 5.90 | 9.41 | ||
Institutional Class | 11/23/98 | 26.59 | 14.16 | 7.02 | 10.57 | |
Institutional 2 Class | 11/08/12 | 26.72 | 14.21 | 7.05 | 10.59 | |
Institutional 3 Class | 11/08/12 | 26.79 | 14.27 | 7.07 | 10.60 | |
Russell 2500 Growth Index | 24.46 | 15.47 | 9.62 | - |
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Columbia Acorn SelectSM
Top ten holdings (%) (at December 31, 2017) | |
SVB Financial Group Holding company for Silicon Valley Bank | 5.8 |
HealthSouth Corp. Inpatient rehabilitative healthcare services | 5.5 |
Middleby Corp. (The) Equipment for use in cooking and preparing food | 5.2 |
LCI Industries Recreational vehicles and equipment | 5.1 |
GoDaddy, Inc., Class A Cloud-based web platform for small businesses, web design professionals and individuals | 5.1 |
Oshkosh Corp. Fire and emergency apparatuses and specialty commercial, and military trucks | 5.1 |
Snap-On, Inc. Tool and equipment solutions | 4.8 |
LKQ Corp. Automotive products and services | 4.7 |
Vail Resorts, Inc. Operates resorts globally | 4.7 |
VeriSign, Inc. Domain names and Internet security services | 4.5 |
Portfolio breakdown (%) (at December 31, 2017) | |
Common Stocks | 98.6 |
Money Market Funds | 1.4 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2017) | |
Consumer Discretionary | 19.8 |
Financials | 15.7 |
Health Care | 17.6 |
Industrials | 25.0 |
Information Technology | 16.1 |
Materials | 3.0 |
Real Estate | 2.8 |
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, 2017) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 03/03/03 | 5.19 | 4.78 | 4.86 | 6.82 |
Including sales charges | -0.86 | 3.55 | 4.24 | 6.40 | ||
Advisor Class | 11/08/12 | 5.49 | 5.04 | 5.12 | 7.09 | |
Class C | Excluding sales charges | 03/03/03 | 4.48 | 4.00 | 4.08 | 6.03 |
Including sales charges | 3.48 | 4.00 | 4.08 | 6.03 | ||
Institutional Class | 09/25/02 | 5.52 | 5.05 | 5.12 | 7.09 | |
Institutional 2 Class | 11/08/12 | 5.51 | 5.08 | 5.13 | 7.10 | |
Institutional 3 Class | 11/08/12 | 5.64 | 5.13 | 5.16 | 7.11 | |
S&P 500 Index | 21.83 | 15.79 | 8.50 | - | ||
Bloomberg Barclays U.S. Aggregate Bond Index | 3.54 | 2.10 | 4.01 | - | ||
Blended Benchmark | 12.37 | 8.88 | 6.54 | - |
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Columbia Thermostat FundSM
Portfolio breakdown (%) (at December 31, 2017) | |
Equity Funds | 9.9 |
Fixed-Income Funds | 89.9 |
Money Market Funds | 0.2 |
Total | 100.0 |
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Columbia Thermostat FundSM
Fund | Weightings in category | 4th quarter performance | 1 year performance |
Columbia Acorn International, Institutional 3 Class (formerly Class Y) | 20% | 6.37% | 32.36% |
Columbia Dividend Income Fund, Institutional 3 Class (formerly Class Y) | 20% | 6.95% | 20.95% |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class (formerly Class Y) | 10% | 7.64% | 24.53% |
Columbia Select Large Cap Growth Fund, Institutional 3 Class (formerly Class Y) | 10% | 5.27% | 35.54% |
Columbia Contrarian Core Fund, Institutional 3 Class (formerly Class Y) | 10% | 5.41% | 21.89% |
Columbia Select Large Cap Equity Fund, Institutional 3 Class (formerly Class Y) | 10% | 6.42% | 24.70% |
Columbia Acorn Fund, Institutional 3 Class (formerly Class Y) | 10% | 6.03% | 25.31% |
Columbia Acorn Select, Institutional 3 Class (formerly Class Y) | 10% | 7.95% | 26.79% |
Weighted Average Equity Gain/Loss | 100% | 6.54% | 26.46% |
Fund | Weightings in category | 4th quarter performance | 1 year performance |
Columbia Short Term Bond Fund, Institutional 3 Class (formerly Class Y) | 40% | -0.01% | 1.18% |
Columbia Total Return Bond Fund, Institutional 3 Class (formerly Class Y) | 20% | 0.15% | 3.95% |
Columbia U.S. Government Mortgage Fund, Institutional 3 Class (formerly Class Y) | 20% | 0.15% | 3.37% |
Columbia U.S. Treasury Index Fund, Institutional 3 Class (formerly Class Y) | 10% | -0.04% | 2.10% |
Columbia Income Opportunities Fund, Institutional 3 Class (formerly Class Y) | 10% | 0.00% | 6.45% |
Weighted Average Income Gain/Loss | 100% | 0.05% | 2.76% |
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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, 2017) | |||||
Inception | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 08/19/11 | 34.55 | 2.63 | 5.18 |
Including sales charges | 26.82 | 1.43 | 4.21 | ||
Advisor Class | 11/08/12 | 34.88 | 2.92 | 5.51 | |
Class C | Excluding sales charges | 08/19/11 | 33.57 | 1.87 | 4.43 |
Including sales charges | 32.57 | 1.87 | 4.43 | ||
Institutional Class | 08/19/11 | 34.92 | 2.86 | 5.47 | |
Institutional 2 Class | 11/08/12 | 35.02 | 2.96 | 5.55 | |
Institutional 3 Class | 06/13/13 | 35.13 | 3.00 | 5.58 | |
MSCI Emerging Markets SMID Cap Index (Net) | 34.53 | 4.21 | - |
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Columbia Acorn Emerging Markets FundSM
Top ten holdings (%) (at December 31, 2017) | |
Care Ratings Ltd. (India) Credit rating services | 3.5 |
NagaCorp Ltd. (Cambodia) Leisure and tourism company | 3.4 |
GRUH Finance Ltd. (India) Provides a range of home loans as well as insurance products | 3.3 |
Vitasoy International Holdings Ltd. (Hong Kong) Food and beverages | 3.1 |
New Oriental Education & Technology Group, Inc., ADR (China) Educational services | 3.0 |
Raia Drogasil SA (Brazil) Chain of pharmaceutical stores | 2.9 |
Silergy Corp. (Taiwan) High performance analog integrated circuits | 2.9 |
Zee Entertainment Enterprises Ltd. (India) Hindi films, serials, game shows and children’s programs | 2.9 |
TravelSky Technology Ltd., Class H (China) IT solutions for China’s air travel and tourism industries | 2.8 |
Modetour Network, Inc. (South Korea) Travel services | 2.8 |
Equity sector breakdown (%) (at December 31, 2017) | |
Consumer Discretionary | 29.2 |
Consumer Staples | 10.9 |
Financials | 20.4 |
Health Care | 4.5 |
Industrials | 7.9 |
Information Technology | 18.8 |
Materials | 3.5 |
Real Estate | 1.4 |
Telecommunication Services | 3.4 |
Total | 100.0 |
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Columbia Acorn Emerging Markets FundSM
Country breakdown (%) (at December 31, 2017) | |
Brazil | 5.3 |
Cambodia | 3.2 |
Cayman Islands | 9.8 |
China | 11.4 |
Egypt | 1.0 |
Hong Kong | 5.3 |
India | 12.5 |
Indonesia | 5.7 |
Mexico | 4.6 |
Philippines | 1.4 |
Russian Federation | 1.2 |
South Africa | 7.0 |
South Korea | 11.8 |
Taiwan | 7.1 |
Thailand | 5.5 |
Turkey | 2.6 |
United States(a) | 4.6 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
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Columbia Acorn Emerging Markets FundSM
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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, 2017) | |||||
Inception | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 08/19/11 | 37.89 | 11.31 | 11.82 |
Including sales charges | 29.98 | 10.00 | 10.79 | ||
Advisor Class | 06/25/14 | 38.29 | 11.61 | 12.12 | |
Class C | Excluding sales charges | 08/19/11 | 36.95 | 10.50 | 11.01 |
Including sales charges | 35.95 | 10.50 | 11.01 | ||
Institutional Class | 08/19/11 | 38.35 | 11.60 | 12.11 | |
Institutional 2 Class | 11/08/12 | 38.32 | 11.61 | 12.12 | |
Institutional 3 Class | 03/01/17 | 38.46 | 11.62 | 12.13 | |
MSCI AC Europe Small Cap Index (Net) | 35.50 | 13.58 | - |
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Columbia Acorn European FundSM
Top ten holdings (%) (at December 31, 2017) | |
Kindred Group PLC (Malta) Online gambling services | 3.9 |
Wirecard AG (Germany) Internet payment and processing services | 3.6 |
Nemetschek SE (Germany) Standard software for designing, constructing and managing buildings and real estate | 3.6 |
Halma PLC (United Kingdom) Products that detect hazards and protect assets and people in public and commercial buildings | 3.6 |
MTU Aero Engines AG (Germany) Develops and manufactures engines and offers commercial engine services and support | 3.1 |
WH Smith PLC (United Kingdom) Retails books, magazines, newspapers, and periodicals | 2.9 |
Stroeer SE & Co. KGaA (Germany) Digital multi-channel media company | 2.8 |
eDreams ODIGEO SA (Luxembourg) Online travel company | 2.7 |
Partners Group Holding AG (Switzerland) Global private markets asset management firm | 2.6 |
Brembo SpA (Italy) Braking systems and components | 2.5 |
Equity sector breakdown (%) (at December 31, 2017) | |
Consumer Discretionary | 28.6 |
Financials | 7.5 |
Health Care | 10.0 |
Industrials | 21.9 |
Information Technology | 24.2 |
Materials | 5.1 |
Real Estate | 2.7 |
Total | 100.0 |
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Columbia Acorn European FundSM
Country breakdown (%) (at December 31, 2017) | |
Australia | 0.9 |
Belgium | 1.1 |
Denmark | 4.5 |
Finland | 3.0 |
France | 3.0 |
Germany | 24.9 |
Ireland | 1.8 |
Italy | 3.8 |
Luxembourg | 2.5 |
Malta | 3.6 |
Netherlands | 1.8 |
Norway | 2.6 |
Spain | 1.4 |
Sweden | 9.1 |
Switzerland | 4.5 |
Turkey | 1.5 |
United Kingdom | 22.4 |
United States(a) | 7.6 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
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Columbia Acorn European FundSM
38 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn European FundSM
Columbia Acorn Family of Funds | Annual Report 2017 | 39 |
Table of Contents
Fund | Ordinary income | Short-term capital gain | Long-term capital gain | Record date | Ex-dividend date | Payable date |
Columbia Acorn® Fund | ||||||
Class A | None | 0.38952 | 2.68178 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Advisor Class (formerly Class R4) | None | 0.38952 | 2.68178 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Class C | None | 0.38952 | 2.68178 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Institutional Class (formerly Class Z) | None | 0.38952 | 2.68178 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Institutional 2 Class (formerly Class R5) | None | 0.38952 | 2.68178 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Institutional 3 Class (formerly Class Y) | None | 0.38952 | 2.68178 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Columbia Acorn International® | ||||||
Class A | 0.28989 | None | 2.49062 | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Advisor Class (formerly Class R4) | 0.38650 | None | 2.49062 | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Class C | 0.00000 | None | 2.49062 | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Institutional Class (formerly Class Z) | 0.39089 | None | 2.49062 | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Institutional 2 Class (formerly Class R5) | 0.40845 | None | 2.49062 | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Institutional 3 Class (formerly Class Y) | 0.42601 | None | 2.49062 | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Class R | 0.16695 | None | 2.49062 | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Columbia Acorn USA® | ||||||
Class A | None | 0.83234 | 3.82978 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Advisor Class (formerly Class R4) | None | 0.83234 | 3.82978 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Class C | None | 0.83234 | 3.82978 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Institutional Class (formerly Class Z) | None | 0.83234 | 3.82978 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Institutional 2 Class (formerly Class R5) | None | 0.83234 | 3.82978 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Institutional 3 Class (formerly Class Y) | None | 0.83234 | 3.82978 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Columbia Acorn International SelectSM | ||||||
Class A | 0.01057 | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Advisor Class (formerly Class R4) | 0.07464 | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Class C | 0.00000 | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Institutional Class (formerly Class Z) | 0.07464 | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Institutional 2 Class (formerly Class R5) | 0.09257 | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Institutional 3 Class (formerly Class Y) | 0.10539 | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Columbia Acorn SelectSM | ||||||
Class A | None | None | 0.61565 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Advisor Class (formerly Class R4) | None | None | 0.61565 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Class C | None | None | 0.61565 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Institutional Class (formerly Class Z) | None | None | 0.61565 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Institutional 2 Class (formerly Class R5) | None | None | 0.61565 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Institutional 3 Class (formerly Class Y) | None | None | 0.61565 | 12/4/2017 | 12/5/2017 | 12/5/2017 |
Columbia Thermostat FundSM | ||||||
Class A | 0.26917 | 0.02953 | 0.12837 | 12/20/2017 | 12/21/2017 | 12/21/2017 |
Advisor Class (formerly Class R4) | 0.30614 | 0.02953 | 0.12837 | 12/20/2017 | 12/21/2017 | 12/21/2017 |
Class C | 0.15826 | 0.02953 | 0.12837 | 12/20/2017 | 12/21/2017 | 12/21/2017 |
Institutional Class (formerly Class Z) | 0.30614 | 0.02953 | 0.12837 | 12/20/2017 | 12/21/2017 | 12/21/2017 |
Institutional 2 Class (formerly Class R5) | 0.30910 | 0.02953 | 0.12837 | 12/20/2017 | 12/21/2017 | 12/21/2017 |
Institutional 3 Class (formerly Class Y) | 0.31649 | 0.02953 | 0.12837 | 12/20/2017 | 12/21/2017 | 12/21/2017 |
40 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Fund | Ordinary income | Short-term capital gain | Long-term capital gain | Record date | Ex-dividend date | Payable date |
Columbia Acorn Emerging Markets FundSM | ||||||
Class A | None | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Advisor Class (formerly Class R4) | None | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Class C | None | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Institutional Class (formerly Class Z) | None | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Institutional 2 Class (formerly Class R5) | None | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Institutional 3 Class (formerly Class Y) | None | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Columbia Acorn European FundSM | ||||||
Class A | 0.13417 | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Advisor Class (formerly Class R4) | 0.18177 | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Class C | 0.00835 | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Institutional Class (formerly Class Z) | 0.18347 | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Institutional 2 Class (formerly Class R5) | 0.18347 | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Institutional 3 Class (formerly Class Y) | 0.22088 | None | None | 12/15/2017 | 12/18/2017 | 12/18/2017 |
Columbia Acorn Family of Funds | Annual Report 2017 | 41 |
Table of Contents
(Unaudited)
July 1, 2017 — December 31, 2017 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Columbia Acorn® Fund | |||||||
Class A | 1,000.00 | 1,000.00 | 1,112.70 | 1,019.55 | 5.69 | 5.44 | 1.08 |
Advisor Class (formerly Class R4) | 1,000.00 | 1,000.00 | 1,114.20 | 1,020.79 | 4.37 | 4.18 | 0.83 |
Class C | 1,000.00 | 1,000.00 | 1,107.70 | 1,015.81 | 9.62 | 9.20 | 1.83 |
Institutional Class (formerly Class Z) | 1,000.00 | 1,000.00 | 1,114.80 | 1,020.79 | 4.38 | 4.18 | 0.83 |
Institutional 2 Class (formerly Class R5) | 1,000.00 | 1,000.00 | 1,114.50 | 1,020.89 | 4.27 | 4.08 | 0.81 |
Institutional 3 Class (formerly Class Y) | 1,000.00 | 1,000.00 | 1,115.60 | 1,021.14 | 4.01 | 3.83 | 0.76 |
42 | Columbia Acorn Family of Funds | Annual Report 2017 |
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(Unaudited)
July 1, 2017 — December 31, 2017 | |||||||
Account value at the beginning of the period ($) | 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 | 1,113.80 | 1,018.75 | 6.53 | 6.24 | 1.24 |
Advisor Class (formerly Class R4) | 1,000.00 | 1,000.00 | 1,115.10 | 1,020.00 | 5.22 | 4.99 | 0.99 |
Class C | 1,000.00 | 1,000.00 | 1,109.50 | 1,015.01 | 10.47 | 10.00 | 1.99 |
Institutional Class (formerly Class Z) | 1,000.00 | 1,000.00 | 1,115.20 | 1,020.00 | 5.22 | 4.99 | 0.99 |
Institutional 2 Class (formerly Class R5) | 1,000.00 | 1,000.00 | 1,115.40 | 1,020.29 | 4.90 | 4.68 | 0.93 |
Institutional 3 Class (formerly Class Y) | 1,000.00 | 1,000.00 | 1,115.80 | 1,020.54 | 4.64 | 4.43 | 0.88 |
Class R | 1,000.00 | 1,000.00 | 1,112.30 | 1,017.50 | 7.85 | 7.49 | 1.49 |
Columbia Acorn USA® | |||||||
Class A | 1,000.00 | 1,000.00 | 1,070.70 | 1,017.55 | 7.64 | 7.44 | 1.48 |
Advisor Class (formerly Class R4) | 1,000.00 | 1,000.00 | 1,071.40 | 1,018.80 | 6.35 | 6.19 | 1.23 |
Class C | 1,000.00 | 1,000.00 | 1,066.80 | 1,013.81 | 11.49 | 11.20 | 2.23 |
Institutional Class (formerly Class Z) | 1,000.00 | 1,000.00 | 1,071.90 | 1,018.95 | 6.20 | 6.04 | 1.20 |
Institutional 2 Class (formerly Class R5) | 1,000.00 | 1,000.00 | 1,072.70 | 1,019.15 | 5.99 | 5.84 | 1.16 |
Institutional 3 Class (formerly Class Y) | 1,000.00 | 1,000.00 | 1,072.70 | 1,019.50 | 5.63 | 5.49 | 1.09 |
Columbia Acorn International SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,126.30 | 1,017.95 | 7.42 | 7.04 | 1.40 |
Advisor Class (formerly Class R4) | 1,000.00 | 1,000.00 | 1,127.70 | 1,019.20 | 6.10 | 5.79 | 1.15 |
Class C | 1,000.00 | 1,000.00 | 1,122.00 | 1,014.21 | 11.37 | 10.80 | 2.15 |
Institutional Class (formerly Class Z) | 1,000.00 | 1,000.00 | 1,127.90 | 1,019.20 | 6.10 | 5.79 | 1.15 |
Institutional 2 Class (formerly Class R5) | 1,000.00 | 1,000.00 | 1,127.60 | 1,019.55 | 5.73 | 5.44 | 1.08 |
Institutional 3 Class (formerly Class Y) | 1,000.00 | 1,000.00 | 1,128.20 | 1,019.80 | 5.47 | 5.19 | 1.03 |
Columbia Acorn SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,132.20 | 1,019.15 | 6.17 | 5.84 | 1.16 |
Advisor Class (formerly Class R4) | 1,000.00 | 1,000.00 | 1,133.60 | 1,020.34 | 4.89 | 4.63 | 0.92 |
Class C | 1,000.00 | 1,000.00 | 1,126.80 | 1,015.41 | 10.13 | 9.60 | 1.91 |
Institutional Class (formerly Class Z) | 1,000.00 | 1,000.00 | 1,132.60 | 1,020.39 | 4.84 | 4.58 | 0.91 |
Institutional 2 Class (formerly Class R5) | 1,000.00 | 1,000.00 | 1,133.60 | 1,020.69 | 4.52 | 4.28 | 0.85 |
Institutional 3 Class (formerly Class Y) | 1,000.00 | 1,000.00 | 1,133.70 | 1,020.94 | 4.26 | 4.03 | 0.80 |
Columbia Acorn Emerging Markets FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,119.20 | 1,017.35 | 8.03 | 7.64 | 1.52 |
Advisor Class (formerly Class R4) | 1,000.00 | 1,000.00 | 1,120.60 | 1,018.60 | 6.71 | 6.39 | 1.27 |
Class C | 1,000.00 | 1,000.00 | 1,115.00 | 1,013.61 | 11.97 | 11.40 | 2.27 |
Institutional Class (formerly Class Z) | 1,000.00 | 1,000.00 | 1,120.60 | 1,018.60 | 6.71 | 6.39 | 1.27 |
Institutional 2 Class (formerly Class R5) | 1,000.00 | 1,000.00 | 1,120.60 | 1,019.00 | 6.29 | 5.99 | 1.19 |
Institutional 3 Class (formerly Class Y) | 1,000.00 | 1,000.00 | 1,120.80 | 1,019.25 | 6.03 | 5.74 | 1.14 |
Columbia Acorn European FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,116.60 | 1,017.75 | 7.60 | 7.24 | 1.44 |
Advisor Class (formerly Class R4) | 1,000.00 | 1,000.00 | 1,117.50 | 1,018.95 | 6.34 | 6.04 | 1.20 |
Class C | 1,000.00 | 1,000.00 | 1,112.10 | 1,014.01 | 11.53 | 11.00 | 2.19 |
Institutional Class (formerly Class Z) | 1,000.00 | 1,000.00 | 1,117.50 | 1,019.00 | 6.28 | 5.99 | 1.19 |
Institutional 2 Class (formerly Class R5) | 1,000.00 | 1,000.00 | 1,118.20 | 1,019.30 | 5.97 | 5.69 | 1.13 |
Institutional 3 Class (formerly Class Y) | 1,000.00 | 1,000.00 | 1,118.40 | 1,019.55 | 5.70 | 5.44 | 1.08 |
Columbia Acorn Family of Funds | Annual Report 2017 | 43 |
Table of Contents
(Unaudited)
July 1, 2017 — December 31, 2017 | ||||||||||
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 | |
Class A | 1,000.00 | 1,000.00 | 1,020.20 | 1,022.44 | 2.52 | 2.52 | 0.50 | 4.99 | 4.99 | 0.99 |
Advisor Class (formerly Class R4) | 1,000.00 | 1,000.00 | 1,021.50 | 1,023.68 | 1.26 | 1.26 | 0.25 | 3.73 | 3.73 | 0.74 |
Class C | 1,000.00 | 1,000.00 | 1,017.40 | 1,018.70 | 6.29 | 6.29 | 1.25 | 8.75 | 8.76 | 1.74 |
Institutional Class (formerly Class Z) | 1,000.00 | 1,000.00 | 1,022.30 | 1,023.68 | 1.26 | 1.26 | 0.25 | 3.73 | 3.73 | 0.74 |
Institutional 2 Class (formerly Class R5) | 1,000.00 | 1,000.00 | 1,022.40 | 1,023.78 | 1.16 | 1.16 | 0.23 | 3.63 | 3.63 | 0.72 |
Institutional 3 Class (formerly Class Y) | 1,000.00 | 1,000.00 | 1,022.90 | 1,024.03 | 0.91 | 0.91 | 0.18 | 3.38 | 3.38 | 0.67 |
44 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn® Fund, December 31, 2017
Common Stocks 98.9% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 18.4% | ||
Auto Components 2.7% | ||
Cooper-Standard Holding, Inc.(a) Sealing, fuel and brake delivery, fluid transfer systems, anti-vibration systems components, subsystems, and modules | 381,375 | 46,718,437 |
Gentex Corp. Products that use electro-optic technology | 985,983 | 20,656,344 |
LCI Industries Recreational vehicles and equipment | 238,881 | 31,054,530 |
Tenneco, Inc. Emission control and ride control products and systems | 457,483 | 26,781,055 |
Total | 125,210,366 | |
Distributors 1.6% | ||
LKQ Corp.(a) Automotive products and services | 593,633 | 24,143,054 |
Pool Corp. Swimming pool supplies, equipment and leisure products | 404,067 | 52,387,287 |
Total | 76,530,341 | |
Diversified Consumer Services 2.4% | ||
Adtalem Global Education, Inc.(a) Higher education institutions | 969,394 | 40,763,018 |
Bright Horizons Family Solutions, Inc.(a) Child care and early education services | 385,295 | 36,217,730 |
Grand Canyon Education, Inc.(a) Online post secondary education | 398,464 | 35,674,482 |
Total | 112,655,230 | |
Hotels, Restaurants & Leisure 6.0% | ||
Dave & Buster’s Entertainment, Inc.(a) Venues that combine dining and entertainment for adults and families | 766,997 | 42,315,225 |
Domino’s Pizza, Inc. Network of company-owned and franchise Domino’s Pizza stores | 137,833 | 26,044,924 |
Dunkin’ Brands Group, Inc. Quick service restaurants serving hot and cold coffee and baked goods | 580,202 | 37,405,623 |
Extended Stay America, Inc. Hotels and motels | 2,683,657 | 50,989,483 |
Papa John’s International, Inc. Pizza delivery and carry-out restaurants | 385,186 | 21,612,786 |
Texas Roadhouse, Inc. Moderately priced, full service restaurant chain | 885,011 | 46,622,379 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Vail Resorts, Inc. Operates resorts globally | 94,762 | 20,134,082 |
Wingstop, Inc. Cooked-to-order chicken wings | 843,639 | 32,885,048 |
Total | 278,009,550 | |
Household Durables 2.0% | ||
Cavco Industries, Inc.(a) Designs and manufactures systems-built structures | 139,806 | 21,334,396 |
iRobot Corp.(a),(b) Manufactures robots for cleaning | 376,562 | 28,882,305 |
Leggett & Platt, Inc. Manufactures a wide range of engineered products | 404,053 | 19,285,450 |
NVR, Inc.(a) Builds and markets homes and conducts mortgage banking activities | 6,100 | 21,400,142 |
Total | 90,902,293 | |
Internet & Direct Marketing Retail 0.7% | ||
Wayfair, Inc., Class A(a) Retails household goods online | 378,419 | 30,375,693 |
Leisure Products 0.4% | ||
Brunswick Corp. Consumer products serving the outdoor and indoor active recreation markets | 334,352 | 18,462,917 |
Specialty Retail 2.6% | ||
Camping World Holdings, Inc., Class A Recreational vehicles and accessories | 536,203 | 23,984,360 |
Five Below, Inc.(a) Specialty value retailer | 419,361 | 27,812,022 |
Monro, Inc. Automotive undercar repair and tire services | 362,003 | 20,616,071 |
Tractor Supply Co. Retail farm store chain | 391,354 | 29,253,711 |
Ulta Beauty, Inc.(a) Chain of beauty stores | 94,556 | 21,148,395 |
Total | 122,814,559 | |
Total Consumer Discretionary | 854,960,949 | |
Consumer Staples 1.7% | ||
Food & Staples Retailing 0.8% | ||
U.S. Foods Holding Corp.(a) Catering services | 1,056,033 | 33,719,134 |
Columbia Acorn Family of Funds | Annual Report 2017 | 45 |
Table of Contents
Columbia Acorn® Fund, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Products 0.9% | ||
Spectrum Brands Holdings, Inc. Global and diversified consumer products company | 209,467 | 23,544,091 |
WD-40 Co. Multi-purpose lubricant products and heavy-duty hand cleaners | 164,398 | 19,398,964 |
Total | 42,943,055 | |
Total Consumer Staples | 76,662,189 | |
Energy 0.9% | ||
Oil, Gas & Consumable Fuels 0.9% | ||
Cimarex Energy Co. Crude oil and natural gas | 147,390 | 17,983,054 |
Diamondback Energy, Inc.(a) Independent oil and natural gas company | 199,534 | 25,191,167 |
Total | 43,174,221 | |
Total Energy | 43,174,221 | |
Financials 9.0% | ||
Banks 1.6% | ||
BOK Financial Corp. Multi-bank holding company | 250,194 | 23,097,910 |
MB Financial, Inc. Holding company for MB Financial Bank, N.A. | 390,269 | 17,374,776 |
SVB Financial Group(a) Holding company for Silicon Valley Bank | 148,227 | 34,651,026 |
Total | 75,123,712 | |
Capital Markets 6.6% | ||
Ares Capital Corp. Management investment company | 2,549,524 | 40,078,517 |
Cboe Global Markets, Inc. Marketplace for the trading of standardized and listed options on equity securities | 159,000 | 19,809,810 |
Eaton Vance Corp. Creates, markets, and manages mutual funds | 943,078 | 53,180,168 |
Factset Research Systems, Inc. Global economic and financial data to analysts, investment bankers, and financial professionals | 164,763 | 31,759,716 |
Houlihan Lokey, Inc. Investment bank | 624,963 | 28,392,069 |
Lazard Ltd., Class A Corporate Advisory & Asset Management | 1,121,299 | 58,868,198 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
MarketAxess Holdings, Inc. Electronic, multi-dealer to client platform for bond trading | 160,939 | 32,469,443 |
Raymond James Financial, Inc. Financial services to individuals, corporations, and municipalities | 446,709 | 39,891,114 |
Total | 304,449,035 | |
Consumer Finance 0.8% | ||
Credit Acceptance Corp.(a),(b) Funding, receivables management, collection, sales training, and related services to automobile dealers | 109,411 | 35,392,270 |
Total Financials | 414,965,017 | |
Health Care 22.7% | ||
Biotechnology 6.5% | ||
Agios Pharmaceuticals, Inc.(a) Therapeutics in the field of cancer metabolism | 491,259 | 28,085,277 |
Alkermes PLC(a) Develops treatments for central nervous system disorders | 460,000 | 25,175,800 |
Bioverativ, Inc.(a) Innovative therapies for the treatment of blood disorders | 1,032,033 | 55,647,219 |
Celldex Therapeutics, Inc.(a),(c) Uses applications of immunology to prevent and treat diseases | 8,126,489 | 23,079,229 |
Clovis Oncology, Inc.(a) Pre-commercial Biotech Company | 376,339 | 25,591,052 |
Genomic Health, Inc.(a) Development and commercialization of genomic-based clinical diagnostic tests for cancer | 1,028,735 | 35,182,737 |
Ligand Pharmaceuticals, Inc.(a) Drugs that regulate hormone activated intracellular receptors | 190,332 | 26,062,161 |
Loxo Oncology, Inc.(a) Researches and develops cancer drugs | 342,419 | 28,824,831 |
Seattle Genetics, Inc.(a) Monoclonal antibody-based drugs to treat cancer and related diseases | 522,621 | 27,960,224 |
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 537,651 | 24,936,253 |
Total | 300,544,783 |
46 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn® Fund, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Equipment & Supplies 8.3% | ||
Align Technology, Inc.(a) Designs, manufactures, and markets the Invisalign System | 221,309 | 49,172,647 |
Endologix, Inc.(a) Minimally invasive treatments for vascular diseases | 3,386,649 | 18,118,572 |
Haemonetics Corp.(a) Automated blood processing systems | 641,870 | 37,279,810 |
IDEXX Laboratories, Inc.(a) Diagnostic, detection, and information systems for veterinary, food, and water testing applications | 120,199 | 18,796,720 |
iRhythm Technologies, Inc.(a) Medical instruments | 526,673 | 29,520,022 |
LivaNova PLC(a) Medical technology focusing on neuromodulation, cardiac surgery and rhythm management | 257,621 | 20,589,070 |
Masimo Corp.(a) Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 864,552 | 73,314,010 |
Natus Medical, Inc.(a) Medical device company that develops, manufactures, and markets screening products | 522,886 | 19,974,245 |
ResMed, Inc. Medical equipment for the treatment of sleep disordered breathing | 338,935 | 28,704,405 |
Varex Imaging Corp.(a) X-ray imaging components | 1,159,355 | 46,571,290 |
Varian Medical Systems, Inc.(a) Medical equipment | 182,447 | 20,278,984 |
West Pharmaceutical Services, Inc. Drug therapies and healthcare products | 244,984 | 24,172,571 |
Total | 386,492,346 | |
Health Care Providers & Services 2.8% | ||
Amedisys, Inc.(a) Provider of alternate-site health care services | 521,678 | 27,497,647 |
AMN Healthcare Services, Inc.(a) Temporary healthcare staffing | 504,424 | 24,842,881 |
Chemed Corp. Hospice and palliative care services | 27,212 | 6,613,060 |
HealthSouth Corp. Inpatient rehabilitative healthcare services | 1,380,629 | 68,216,879 |
Total | 127,170,467 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Technology 1.5% | ||
Evolent Health, Inc., Class A(a),(b) Purpose-built platform enables providers to migrate their payment models | 1,716,517 | 21,113,159 |
Veeva Systems Inc., Class A(a) Cloud-based business services | 908,078 | 50,198,552 |
Total | 71,311,711 | |
Life Sciences Tools & Services 3.6% | ||
Bio-Techne Corp. Biotechnology products and clinical diagnostic controls | 208,002 | 26,946,659 |
Cambrex Corp.(a) Products, services, and technologies for the Life Sciences and fine chemicals industry | 897,649 | 43,087,152 |
Mettler-Toledo International, Inc.(a) Weighing instruments for use in laboratory, industrial, and food retailing applications | 30,543 | 18,922,000 |
Pra Health Sciences, Inc.(a) Global contract research organization | 851,276 | 77,525,705 |
Total | 166,481,516 | |
Total Health Care | 1,052,000,823 | |
Industrials 17.3% | ||
Aerospace & Defense 0.6% | ||
HEICO Corp., Class A Aerospace products and services | 358,269 | 28,321,164 |
Air Freight & Logistics 0.5% | ||
Expeditors International of Washington, Inc. Global logistics company | 330,439 | 21,376,099 |
Building Products 0.4% | ||
JELD-WEN Holding, Inc.(a) Interior and exterior doors, wood, vinyl and aluminum windows | 500,000 | 19,685,000 |
Commercial Services & Supplies 2.7% | ||
Brink’s Co. (The) Provides security services globally | 355,358 | 27,966,675 |
Cintas Corp. Corporate identity uniform programs | 161,422 | 25,154,390 |
Copart, Inc.(a) Services to process and sell salvage vehicles through auctions | 995,276 | 42,985,970 |
Unifirst Corp. Workplace uniforms and protective clothing | 176,205 | 29,056,205 |
Total | 125,163,240 |
Columbia Acorn Family of Funds | Annual Report 2017 | 47 |
Table of Contents
Columbia Acorn® Fund, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Industrial Conglomerates 0.5% | ||
Carlisle Companies, Inc. Construction materials, transportation products, and general industry products | 188,663 | 21,441,550 |
Machinery 7.0% | ||
Graco, Inc. Technology for the management of fluids in industrial and commercial applications | 1,079,634 | 48,821,049 |
Middleby Corp. (The)(a) Equipment for use in cooking and preparing food | 157,562 | 21,262,992 |
Nordson Corp. Systems that apply adhesives, sealants, and coatings to products during manufacturing | 258,744 | 37,880,122 |
Oshkosh Corp. Fire and emergency apparatuses and specialty commercial, and military trucks | 229,462 | 20,855,801 |
REV Group, Inc. Specialty vehicles and related aftermarket parts and services | 722,347 | 23,497,948 |
Snap-On, Inc. Tool and equipment solutions | 266,187 | 46,396,394 |
Toro Co. (The) Turf equipment | 735,938 | 48,005,236 |
WABCO Holdings, Inc.(a) Electronic braking, stability, suspension, and transmission control systems commercial vehicles | 454,678 | 65,246,293 |
Woodward, Inc. Energy control systems and components for aircraft, industrial engines and turbines | 172,500 | 13,203,150 |
Total | 325,168,985 | |
Professional Services 3.0% | ||
ManpowerGroup, Inc. Non-governmental employment services | 320,437 | 40,410,310 |
Robert Half International, Inc. Temporary and permanent staffing services | 679,220 | 37,723,879 |
TransUnion (a) Offers consumer reports, risk scores, analytical services, and decisioning capabilities to businesses | 1,117,020 | 61,391,419 |
Total | 139,525,608 | |
Road & Rail 2.0% | ||
JB Hunt Transport Services, Inc. Logistics services | 212,566 | 24,440,839 |
Old Dominion Freight Line, Inc. Inter-regional and multi-regional motor carrier | 534,818 | 70,355,308 |
Total | 94,796,147 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Trading Companies & Distributors 0.6% | ||
Watsco, Inc. Air conditioning, heating, and refrigeration equipment | 166,128 | 28,248,405 |
Total Industrials | 803,726,198 | |
Information Technology 23.1% | ||
Electronic Equipment, Instruments & Components 4.5% | ||
CDW Corp. IT products and services | 848,075 | 58,932,732 |
Cognex Corp. Machine vision systems | 822,000 | 50,273,520 |
II-VI, Inc.(a) Optical and optoelectronic devices | 700,550 | 32,890,822 |
IPG Photonics Corp.(a) High-power fiber lasers and amplifiers | 318,098 | 68,114,325 |
Total | 210,211,399 | |
Internet Software & Services 3.9% | ||
Alteryx, Inc., Class A(a) Data storage, retrieval, management, reporting, and analytics solutions | 983,198 | 24,845,414 |
CoStar Group, Inc.(a) Provides building-specific information to the United States commercial real estate industry and related industries | 61,466 | 18,252,329 |
GoDaddy, Inc., Class A(a) Cloud-based web platform for small businesses, web design professionals and individuals | 588,811 | 29,605,417 |
Mimecast Ltd.(a) Cloud security and risk management services for corporate information and email | 632,000 | 18,119,440 |
MINDBODY, Inc., Class A(a) Business management software | 554,360 | 16,880,262 |
Nutanix, Inc., Class A(a) Enterprise cloud platforms | 508,253 | 17,931,166 |
Q2 Holdings, Inc.(a) Secure, cloud-based virtual banking solutions | 483,131 | 17,803,377 |
Quotient Technology, Inc.(a) Operates a promotion platform | 1,281,599 | 15,058,788 |
VeriSign, Inc.(a) Domain names and Internet security services | 177,571 | 20,321,225 |
Total | 178,817,418 |
48 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn® Fund, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
IT Services 3.7% | ||
Black Knight, Inc.(a) Integrated technology, work flow automation, data and analytic solutions | 427,215 | 18,861,542 |
Booz Allen Hamilton Holdings Corp. Technology consulting services to the U.S. government in the defense, intelligence, and civil markets | 929,903 | 35,457,201 |
Broadridge Financial Solutions, Inc. Technology-based outsourcing solutions to the financial services industry | 294,817 | 26,704,524 |
CoreLogic, Inc.(a) Consumer, financial and property information, analytics and services to business and government | 397,760 | 18,380,490 |
Euronet Worldwide, Inc.(a) Electronic financial transaction solutions | 301,683 | 25,422,826 |
Gartner, Inc.(a) Research and analysis on computer hardware, software, communications, and information technology | 192,622 | 23,721,399 |
WNS Holdings Ltd., ADR(a) Business process outsourcing services | 545,490 | 21,890,514 |
Total | 170,438,496 | |
Semiconductors & Semiconductor Equipment 5.4% | ||
Advanced Energy Industries, Inc.(a) Engineered precision power conversion, measurement and control solutions | 762,638 | 51,462,812 |
Ambarella, Inc.(a) High definition video compression and image processing semiconductors | 323,500 | 19,005,625 |
Brooks Automation, Inc. Automation solutions for the global semiconductor and related industries | 708,474 | 16,897,105 |
Inphi Corp.(a),(b) Analog semiconductor solutions | 724,916 | 26,531,926 |
MKS Instruments, Inc. Instruments and components used to control and analyze gases in semiconductor manufacturing | 329,284 | 31,117,338 |
Monolithic Power Systems, Inc. Power management solutions | 294,141 | 33,049,683 |
Semtech Corp.(a) Analog and mixed-signal semiconductors | 621,391 | 21,251,572 |
Teradyne, Inc. Semiconductor test products and services | 1,253,396 | 52,479,690 |
Total | 251,795,751 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Software 5.6% | ||
ANSYS, Inc.(a) Software solutions for design analysis and optimization | 462,531 | 68,264,950 |
Blackline, Inc.(a) Develops and markets enterprise software | 672,040 | 22,042,912 |
Cadence Design Systems, Inc.(a) Software technology, design and consulting services and technology | 1,138,503 | 47,612,196 |
CyberArk Software Ltd.(a) IT security solutions | 423,051 | 17,510,081 |
Guidewire Software, Inc.(a) Enterprise software for the property and casualty insurance industry | 226,040 | 16,785,730 |
Qualys, Inc.(a) Information technology security risk and compliance management solutions | 743,451 | 44,123,817 |
Synopsys, Inc.(a) Electronic design automation solutions | 294,590 | 25,110,852 |
Ultimate Software Group, Inc. (The)(a) Software solutions | 89,935 | 19,626,515 |
Total | 261,077,053 | |
Total Information Technology | 1,072,340,117 | |
Materials 2.3% | ||
Chemicals 1.1% | ||
Celanese Corp., Class A Global integrated producer of chemicals and advanced materials | 271,263 | 29,046,842 |
Quaker Chemical Corp. Custom-formulated chemical specialty products | 151,400 | 22,829,606 |
Total | 51,876,448 | |
Containers & Packaging 1.2% | ||
Avery Dennison Corp. Pressure-sensitive materials and a variety of tickets, tags and labels | 279,691 | 32,125,308 |
Sealed Air Corp. Packaging and performance-based materials and equipment | 482,600 | 23,792,180 |
Total | 55,917,488 | |
Total Materials | 107,793,936 |
Columbia Acorn Family of Funds | Annual Report 2017 | 49 |
Table of Contents
Columbia Acorn® Fund, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 2.6% | ||
Equity Real Estate Investment Trusts (REITS) 1.9% | ||
CoreCivic, Inc. Detention and corrections services | 1,255,108 | 28,239,930 |
Education Realty Trust, Inc. Self-managed and self-advised real estate investment trust | 514,492 | 17,966,061 |
Equity LifeStyle Properties, Inc. Acquires properties such as camping grounds and seasonal resort communities | 205,266 | 18,272,779 |
Lamar Advertising Co., Class A Outdoor advertising structures | 333,833 | 24,783,762 |
Total | 89,262,532 | |
Real Estate Management & Development 0.7% | ||
Jones Lang LaSalle, Inc. Real estate and investment management services | 210,632 | 31,369,424 |
Total Real Estate | 120,631,956 | |
Telecommunication Services 0.9% | ||
Diversified Telecommunication Services 0.4% | ||
Zayo Group Holdings, Inc.(a) Global provider of bandwidth infrastructure services | 547,191 | 20,136,629 |
Wireless Telecommunication Services 0.5% | ||
Boingo Wireless, Inc.(a) Mobile internet services | 965,652 | 21,727,170 |
Total Telecommunication Services | 41,863,799 | |
Total Common Stocks (Cost: $3,282,735,192) | 4,588,119,205 | |
Limited Partnerships 0.5% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 0.5% | ||
Hotels, Restaurants & Leisure 0.5% | ||
Cedar Fair LP Owns and operates amusement parks | 328,546 | 21,352,205 |
Total Consumer Discretionary | 21,352,205 | |
Total Limited Partnerships (Cost: $21,857,117) | 21,352,205 | |
Securities Lending Collateral 0.8% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 1.190%(d),(e) | 37,208,360 | 37,208,360 |
Total Securities Lending Collateral (Cost: $37,208,360) | 37,208,360 | |
Money Market Funds 0.6% | ||
JPMorgan U.S. Government Money Market Fund, IM Shares, 1.192%(d) | 26,619,576 | 26,619,576 |
Total Money Market Funds (Cost: $26,619,576) | 26,619,576 | |
Total Investments (Cost $3,368,420,245) | 4,673,299,346 | |
Obligation to Return Collateral for Securities Loaned | (37,208,360) | |
Other Assets & Liabilities, Net | 2,082,730 | |
Net Assets | $4,638,173,716 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2017. The total market value of securities on loan at December 31, 2017 was $35,927,492. |
(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 ended December 31, 2017, are as follows. The aggregate cost and value of these companies at December 31, 2017, was $24,580,987 and $23,079,229, respectively. Investments in affiliated companies represented 0.05% of the Fund’s total net assets at December 31, 2017. |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Alteryx, Inc., Class A † | ||||||||
— | 1,165,000 | (181,802) | 983,198 | 555,557 | — | — | — | |
Boingo Wireless, Inc. † | ||||||||
2,180,974 | 84,481 | (1,299,803) | 965,652 | 13,458,610 | (9,612,747) | — | — |
50 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn® Fund, December 31, 2017
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Celldex Therapeutics, Inc. | ||||||||
6,019,590 | 5,350,481 | (3,243,582) | 8,126,489 | (5,653,863) | (385,498) | — | 23,079,229 | |
Endologix, Inc. † | ||||||||
4,661,700 | 1,457,196 | (2,732,247) | 3,386,649 | (8,376,418) | 7,567,388 | — | — | |
Nutanix, Inc., Class A † | ||||||||
898,090 | 510,829 | (900,666) | 508,253 | (986,045) | (816,261) | — | — | |
Total of Affiliated Transactions | (1,002,159) | (3,247,118) | — | 23,079,229 |
† | Issuer was not an affiliate at the end of period. |
(d) | The rate shown is the seven-day current annualized yield at December 31, 2017. |
(e) | Investment made with cash collateral received from securities lending activity. |
ADR | American Depositary Receipt |
¦ | Level 1 – quoted prices in active markets for identical securities |
¦ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
¦ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Annual Report 2017 | 51 |
Table of Contents
Columbia Acorn® Fund, December 31, 2017
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2017:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Consumer Discretionary | 854,960,949 | — | — | 854,960,949 |
Consumer Staples | 76,662,189 | — | — | 76,662,189 |
Energy | 43,174,221 | — | — | 43,174,221 |
Financials | 414,965,017 | — | — | 414,965,017 |
Health Care | 1,052,000,823 | — | — | 1,052,000,823 |
Industrials | 803,726,198 | — | — | 803,726,198 |
Information Technology | 1,072,340,117 | — | — | 1,072,340,117 |
Materials | 107,793,936 | — | — | 107,793,936 |
Real Estate | 120,631,956 | — | — | 120,631,956 |
Telecommunication Services | 41,863,799 | — | — | 41,863,799 |
Total Common Stocks | 4,588,119,205 | — | — | 4,588,119,205 |
Limited Partnerships | ||||
Consumer Discretionary | 21,352,205 | — | — | 21,352,205 |
Total Limited Partnerships | 21,352,205 | — | — | 21,352,205 |
Securities Lending Collateral | 37,208,360 | — | — | 37,208,360 |
Money Market Funds | 26,619,576 | — | — | 26,619,576 |
Total Investments | 4,673,299,346 | — | — | 4,673,299,346 |
52 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn International®, December 31, 2017
Common Stocks 97.1% | ||
Issuer | Shares | Value ($) |
Australia 1.0% | ||
Domino’s Pizza Enterprises Ltd. Pizza delivery stores | 1,300,000 | 47,249,768 |
Brazil 1.6% | ||
Odontoprev SA Dental benefits company | 3,543,000 | 16,993,497 |
Qualicorp SA Insurance and benefits packages | 3,046,000 | 28,466,431 |
Raia Drogasil SA Chain of pharmaceutical stores | 1,266,000 | 35,036,267 |
Total | 80,496,195 | |
Cambodia 0.2% | ||
NagaCorp Ltd. Leisure and tourism company | 12,508,000 | 9,660,165 |
Canada 5.2% | ||
Boardwalk Real Estate Investment Trust(a) Real estate company | 1,053,355 | 36,109,043 |
CAE, Inc. Training solutions based on simulation technology and integrated training services | 2,499,934 | 46,438,710 |
CCL Industries, Inc. Manufacturing services and specialty packaging products for the non-durable consumer products market | 2,711,220 | 125,272,600 |
ShawCor Ltd. Energy services company | 1,082,367 | 23,610,583 |
Winpak Ltd. Packaging materials and machines for the protection of perishables | 608,000 | 22,636,754 |
Total | 254,067,690 | |
Cayman Islands 1.6% | ||
Parade Technologies Ltd. Fabless semiconductor company | 2,225,000 | 43,871,705 |
Silicon Motion Technology Corp., ADR Semiconductor products | 658,000 | 34,847,680 |
Total | 78,719,385 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
China 5.3% | ||
51job, Inc., ADR(b) Integrated human resource services | 404,000 | 24,583,400 |
58.Com, Inc., ADR(b) Local life service platform | 518,107 | 37,080,918 |
China Medical System Holdings Ltd. Pharmaceutical and medical products | 25,777,000 | 60,003,485 |
New Oriental Education & Technology Group, Inc., ADR Educational services | 770,864 | 72,461,216 |
Shenzhou International Group Holdings Ltd. Manufactures and processes textiles | 3,618,000 | 34,453,394 |
TravelSky Technology Ltd., Class H IT solutions for China’s air travel and tourism industries | 10,956,000 | 32,750,413 |
Total | 261,332,826 | |
Denmark 3.6% | ||
Novozymes AS, Class B Enzymes for industrial use | 1,453,477 | 83,043,112 |
SimCorp AS Global provider of highly specialised software for the investment management industry | 838,367 | 47,737,209 |
William Demant Holding AS(b) Hearing aids, audiometers, tympanometers, diagnostic instruments, and wireless communication equipment | 1,648,031 | 46,083,353 |
Total | 176,863,674 | |
France 1.2% | ||
Elior Group SA Provides catering, cleaning, and facility management services | 1,208,500 | 24,976,558 |
Ipsen SA Medical drugs for targeted disease areas | 273,000 | 32,615,035 |
Total | 57,591,593 | |
Germany 9.4% | ||
AURELIUS Equity Opportunities SE & Co. KGaA(a) Loans to distressed companies | 196,793 | 13,420,135 |
CTS Eventim AG & Co. KGaA Online ticket sales | 570,000 | 26,500,231 |
Fielmann AG Prescription eyeglasses, specialty glasses, sunglasses, contact lenses, and optical supplies | 655,000 | 57,695,000 |
KION Group AG Material handling solutions | 316,000 | 27,201,679 |
Columbia Acorn Family of Funds | Annual Report 2017 | 53 |
Table of Contents
Columbia Acorn International®, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 445,000 | 79,519,176 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 191,000 | 17,086,877 |
Rational AG Food preparation appliances/processors and kitchen accessories | 74,335 | 47,820,968 |
Stroeer SE & Co. KGaA Digital multi-channel media company | 884,049 | 65,140,269 |
Wirecard AG Internet payment and processing services | 815,000 | 90,581,048 |
Zalando SE(b) Online sale of fashion accessories | 714,116 | 37,653,769 |
Total | 462,619,152 | |
Hong Kong 0.7% | ||
Value Partners Group Ltd. Independent, value oriented asset management group | 33,644,000 | 35,661,934 |
India 2.9% | ||
Havells India Ltd Manufactures electrical products | 3,083,000 | 27,111,284 |
TVS Motor Co., Ltd. Motorcycles, mopeds and scooters | 4,754,373 | 57,344,158 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 6,306,681 | 57,417,149 |
Total | 141,872,591 | |
Indonesia 0.8% | ||
PT Matahari Department Store Tbk Retail clothes, accessories, bags, shoes, cosmetics, household appliances, and management consulting services. | 52,107,800 | 38,280,155 |
Ireland 1.0% | ||
UDG Healthcare PLC Commercialisation solutions for health care companies | 4,148,000 | 47,224,088 |
Italy 2.2% | ||
Brembo SpA Braking systems and components | 5,509,337 | 83,753,440 |
Industria Macchine Automatiche SpA Packaging machinery for the food, pharmaceuticals, and cosmetics industries | 290,000 | 23,591,437 |
Total | 107,344,877 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Japan 23.9% | ||
Aeon Credit Service Co., Ltd. Credit card company | 1,602,000 | 37,232,025 |
Aeon Mall Co., Ltd. Large-scale shopping malls | 2,856,500 | 55,789,424 |
Aica Kogyo Co., Ltd. Manufactures adhesives, melamine boards, and housing materials | 764,100 | 28,326,277 |
Asahi Intecc Co., Ltd. Manufactures medical tools and stainless wire rope | 1,103,400 | 37,817,005 |
Bandai Namco Holdings, Inc. Manufactures toys, stuffed animals, character goods, video games, commercial- and home-use game equipment and software | 1,324,400 | 43,228,046 |
CyberAgent, Inc. Operates websites, internet advertising agency and creates PC and mobile contents | 750,300 | 29,241,201 |
Daiseki Co., Ltd. Waste Disposal & Recycling | 538,500 | 14,972,034 |
Disco Corp. Abrasive and precision industrial machinery for cutting and grinding purposes | 164,300 | 36,415,376 |
FamilyMart UNY Holdings Co., Ltd. Chain of convenience stores | 1,365,300 | 95,623,134 |
Fuji Oil Holdings, Inc. Specialty vegetable oils and fats | 956,000 | 27,911,190 |
Glory Ltd. Vending machines, coin-operated lockers, money handling machines, and data processing terminals | 1,032,900 | 38,934,407 |
Hikari Tsushin, Inc. Distribution network, telecommunication, office automation equipment, in-house products and individual insurance plans | 449,428 | 64,526,446 |
Kansai Paint Paints and related products | 1,050,000 | 27,246,712 |
Mandom Corp. Cosmetic products for men and women | 393,300 | 12,869,797 |
Miura Co., Ltd. Industrial boilers and related equipment | 960,400 | 25,783,365 |
MonotaRO Co., Ltd(a) Machine tools, engine parts, and factory consumable goods | 1,307,800 | 41,679,371 |
Nabtesco Corp. Aircraft and hydraulic products | 640,000 | 24,455,510 |
NGK Insulators Ltd. Electrical insulators, industrial ceramic products, environmental systems and electronic parts | 1,375,200 | 25,904,709 |
54 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn International®, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
NGK Spark Plug Co., Ltd. Spark plugs for automobiles, motorcycles, agricultural machinery, ships, and aircrafts | 1,528,900 | 37,056,463 |
Nihon M&A Center, Inc. Provides M&A advisory services to small and medium-sized enterprises | 178,500 | 8,498,497 |
Nissan Chemical Industries Ltd. Variety of chemical products | 902,000 | 35,930,903 |
NOF Corp. Diversified chemical producer | 1,138,400 | 30,491,280 |
Obic Co., Ltd. Computer system integration, office automation, consultation, and system support services | 402,100 | 29,533,186 |
Omron Corp. Electronic components, equipment and systems used for factory automation | 432,200 | 25,706,805 |
OSG Corp. Manufactures machine tool equipment | 1,128,300 | 24,373,510 |
Otsuka Corp. Computer information system and software | 696,500 | 53,341,756 |
Persol Holdings Co., Ltd. Human resource solutions | 1,440,000 | 36,052,380 |
Santen Pharmaceutical Co., Ltd. Ophthalmic medicine | 1,902,000 | 29,786,014 |
Sekisui Chemical Co., Ltd. Unit residential houses in addition to parcels of land | 3,137,500 | 62,813,745 |
Seven Bank Ltd. Banking services through Automated Teller Machine (ATM) | 8,453,100 | 28,868,841 |
Sohgo Security Services Co., Ltd. Around the clock security services | 787,400 | 42,795,629 |
Sony Financial Holdings, Inc. Financial holding company | 1,870,000 | 33,049,655 |
Ushio, Inc. Lamps and optical equipment | 1,750,100 | 24,964,068 |
Total | 1,171,218,761 | |
Malta 2.1% | ||
Kindred Group PLC Online gambling services | 7,374,685 | 105,544,004 |
Mexico 1.4% | ||
Grupo Aeroportuario del Sureste SAB de CV, ADR Operates airports in Mexico | 384,900 | 70,248,099 |
Netherlands 1.2% | ||
Aalberts Industries NV Industrial services and flow control systems | 1,183,797 | 60,216,925 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
New Zealand 0.5% | ||
Auckland International Airport Ltd. Owns and operates the Auckland International Airport | 5,805,568 | 26,649,194 |
Philippines 0.5% | ||
Universal Robina Corp. Branded consumer foods | 8,800,000 | 26,618,590 |
Singapore 1.5% | ||
Mapletree Commercial Trust Singapore-focused real estate investment trust | 32,720,300 | 39,632,798 |
Singapore Exchange Singapore’s Securities and derivatives exchange and clearing houses | 6,123,200 | 34,001,430 |
Total | 73,634,228 | |
South Africa 1.8% | ||
Clicks Group Ltd. Owns and operates chains of retail stores | 2,212,748 | 32,394,023 |
PSG Group Ltd. Diversified financial services | 937,000 | 20,447,767 |
Rand Merchant Investment Holdings Ltd. Investment holding company | 9,400,384 | 34,803,514 |
Total | 87,645,304 | |
South Korea 3.6% | ||
GS Retail Co., Ltd. Chain of retail stores | 1,222,700 | 45,997,238 |
Koh Young Technology, Inc. 3D measurement and inspection equipment for testing various machineries | 231,000 | 17,801,597 |
Korea Investment Holdings Co., Ltd. Financial holding company | 787,000 | 50,673,030 |
Korea Zinc Co. Ltd. Non-ferrous metal smelting | 114,000 | 52,498,249 |
Modetour Network, Inc. Travel services | 403,445 | 11,494,160 |
Total | 178,464,274 | |
Spain 0.8% | ||
Prosegur Cia de Seguridad SA, Registered Shares Security and transportation services | 5,000,000 | 39,295,064 |
Columbia Acorn Family of Funds | Annual Report 2017 | 55 |
Table of Contents
Columbia Acorn International®, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sweden 4.7% | ||
Hexagon AB, Class B Design, measurement and visualisation technologies | 2,548,121 | 127,637,469 |
NetEnt AB Computer gaming software | 3,854,000 | 26,544,965 |
Sweco AB, Class B Consulting company specializing in engineering, environmental technology, and architecture | 1,008,443 | 22,349,470 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 2,296,587 | 53,193,491 |
Total | 229,725,395 | |
Switzerland 2.6% | ||
Partners Group Holding AG(a) Global private markets asset management firm | 185,000 | 126,820,258 |
Taiwan 1.4% | ||
Largan Precision Co., Ltd. Optical lens modules and optoelectronic components | 174,000 | 23,356,262 |
Silergy Corp. High performance analog integrated circuits | 1,946,000 | 44,467,295 |
Total | 67,823,557 | |
Thailand 1.5% | ||
Home Product Center PCL, Foreign Registered Shares Building materials and home improvement products | 90,670,700 | 35,611,690 |
Tisco Financial Group PCL Bank holding company | 13,401,000 | 36,391,178 |
Total | 72,002,868 | |
United Kingdom 12.3% | ||
Ascential PLC Media and consultancy services | 3,537,056 | 18,344,508 |
Croda International PLC Chemicals and chemical products | 691,401 | 41,216,266 |
Domino’s Pizza Group PLC Pizza delivery stores | 11,592,000 | 54,105,328 |
DS Smith PLC Provides corrugated packaging services | 5,532,000 | 38,560,764 |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 5,294,688 | 89,962,908 |
Intermediate Capital Group PLC Private equity firm | 1,957,000 | 30,217,786 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
LivaNova PLC(b) Medical technology focusing on neuromodulation, cardiac surgery and rhythm management | 280,000 | 22,377,600 |
Micro Focus International PLC Enterprise application management solutions | 1,045,454 | 35,531,646 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 18,062,410 | 77,382,367 |
Rightmove PLC Website that lists properties across Britain | 944,752 | 57,332,967 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 802,262 | 60,654,807 |
WH Smith PLC Retails books, magazines, newspapers, and periodicals | 2,401,564 | 76,100,855 |
Total | 601,787,802 | |
United States 0.6% | ||
Ultragenyx Pharmaceutical, Inc.(b) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 590,087 | 27,368,235 |
Total Common Stocks (Cost: $3,019,363,709) | 4,764,046,651 |
Preferred Stocks 0.7% | |||
Issuer | Coupon Rate | Shares | Value ($) |
Germany 0.7% | |||
Sartorius AG Precision electronic equipment and components | — | 360,000 | 34,197,222 |
Total Preferred Stocks (Cost: $35,652,950) | 34,197,222 |
Securities Lending Collateral 2.7% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 1.190%(c),(d) | 131,643,758 | 131,643,758 |
Total Securities Lending Collateral (Cost: $131,643,758) | 131,643,758 | |
56 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn International®, December 31, 2017
Money Market Funds 2.1% | ||
Shares | Value ($) | |
JPMorgan U.S. Government Money Market Fund, IM Shares, 1.192%(c) | 105,414,690 | 105,414,690 |
Total Money Market Funds (Cost: $105,414,690) | 105,414,690 | |
Total Investments (Cost: $3,292,075,107) | 5,035,302,321 | |
Obligation to Return Collateral for Securities Loaned | (131,643,758) | |
Other Assets & Liabilities, Net | 3,301,440 | |
Net Assets | $4,906,960,003 |
(a) | All or a portion of this security was on loan at December 31, 2017. The total market value of securities on loan at December 31, 2017 was $125,615,479. |
(b) | Non-income producing security. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2017. |
(d) | Investment made with cash collateral received from securities lending activity. |
ADR | American Depositary Receipt |
¦ | Level 1 – quoted prices in active markets for identical securities |
¦ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
¦ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Annual Report 2017 | 57 |
Table of Contents
Columbia Acorn International®, December 31, 2017
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2017:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Australia | — | 47,249,768 | — | 47,249,768 |
Brazil | 80,496,195 | — | — | 80,496,195 |
Cambodia | — | 9,660,165 | — | 9,660,165 |
Canada | 254,067,690 | — | — | 254,067,690 |
Cayman Islands | 34,847,680 | 43,871,705 | — | 78,719,385 |
China | 134,125,534 | 127,207,292 | — | 261,332,826 |
Denmark | — | 176,863,674 | — | 176,863,674 |
France | — | 57,591,593 | — | 57,591,593 |
Germany | — | 462,619,152 | — | 462,619,152 |
Hong Kong | — | 35,661,934 | — | 35,661,934 |
India | — | 141,872,591 | — | 141,872,591 |
Indonesia | — | 38,280,155 | — | 38,280,155 |
Ireland | — | 47,224,088 | — | 47,224,088 |
Italy | — | 107,344,877 | — | 107,344,877 |
Japan | — | 1,171,218,761 | — | 1,171,218,761 |
Malta | — | 105,544,004 | — | 105,544,004 |
Mexico | 70,248,099 | — | — | 70,248,099 |
Netherlands | — | 60,216,925 | — | 60,216,925 |
New Zealand | — | 26,649,194 | — | 26,649,194 |
Philippines | — | 26,618,590 | — | 26,618,590 |
Singapore | — | 73,634,228 | — | 73,634,228 |
South Africa | — | 87,645,304 | — | 87,645,304 |
South Korea | — | 178,464,274 | — | 178,464,274 |
Spain | — | 39,295,064 | — | 39,295,064 |
Sweden | — | 229,725,395 | — | 229,725,395 |
Switzerland | — | 126,820,258 | — | 126,820,258 |
Taiwan | — | 67,823,557 | — | 67,823,557 |
Thailand | — | 72,002,868 | — | 72,002,868 |
United Kingdom | 22,377,600 | 579,410,202 | — | 601,787,802 |
United States | 27,368,235 | — | — | 27,368,235 |
Total Common Stocks | 623,531,033 | 4,140,515,618 | — | 4,764,046,651 |
Preferred Stocks | ||||
Germany | — | 34,197,222 | — | 34,197,222 |
Total Preferred Stocks | — | 34,197,222 | — | 34,197,222 |
Securities Lending Collateral | 131,643,758 | — | — | 131,643,758 |
Money Market Funds | 105,414,690 | — | — | 105,414,690 |
Total Investments | 860,589,481 | 4,174,712,840 | — | 5,035,302,321 |
58 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn USA®, December 31, 2017
Common Stocks 101.0% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 20.0% | ||
Auto Components 3.7% | ||
Cooper-Standard Holding, Inc.(a) Sealing, fuel and brake delivery, fluid transfer systems, anti-vibration systems components, subsystems, and modules | 24,959 | 3,057,478 |
Dorman Products, Inc.(a) Automotive products and home hardware | 51,832 | 3,169,008 |
LCI Industries Recreational vehicles and equipment | 23,201 | 3,016,130 |
Tenneco, Inc. Emission control and ride control products and systems | 45,179 | 2,644,779 |
Total | 11,887,395 | |
Distributors 0.7% | ||
Pool Corp. Swimming pool supplies, equipment and leisure products | 15,931 | 2,065,454 |
Diversified Consumer Services 2.6% | ||
Adtalem Global Education, Inc.(a) Higher education institutions | 85,398 | 3,590,986 |
Bright Horizons Family Solutions, Inc.(a) Child care and early education services | 30,934 | 2,907,796 |
Laureate Education, Inc., Class A(a) Provides educational services | 140,926 | 1,910,956 |
Total | 8,409,738 | |
Hotels, Restaurants & Leisure 6.7% | ||
Dave & Buster’s Entertainment, Inc.(a) Venues that combine dining and entertainment for adults and families | 92,965 | 5,128,879 |
Extended Stay America, Inc. Hotels and motels | 304,253 | 5,780,807 |
Papa John’s International, Inc. Pizza delivery and carry-out restaurants | 39,937 | 2,240,865 |
Red Robin Gourmet Burgers, Inc.(a) Chain of specialty restaurants | 34,869 | 1,966,612 |
Texas Roadhouse, Inc. Moderately priced, full service restaurant chain | 83,666 | 4,407,525 |
Wingstop, Inc. Cooked-to-order chicken wings | 54,300 | 2,116,614 |
Total | 21,641,302 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Durables 1.8% | ||
Cavco Industries, Inc.(a) Designs and manufactures systems-built structures | 11,017 | 1,681,194 |
iRobot Corp.(a) Manufactures robots for cleaning | 55,269 | 4,239,132 |
Total | 5,920,326 | |
Leisure Products 1.7% | ||
Brunswick Corp. Consumer products serving the outdoor and indoor active recreation markets | 67,690 | 3,737,842 |
MCBC Holdings, Inc.(a) Sport boats | 83,598 | 1,857,547 |
Total | 5,595,389 | |
Specialty Retail 2.8% | ||
Camping World Holdings, Inc., Class A Recreational vehicles and accessories | 63,651 | 2,847,109 |
Five Below, Inc.(a) Specialty value retailer | 61,828 | 4,100,433 |
Monro, Inc. Automotive undercar repair and tire services | 36,131 | 2,057,661 |
Total | 9,005,203 | |
Total Consumer Discretionary | 64,524,807 | |
Consumer Staples 3.4% | ||
Beverages 0.7% | ||
MGP Ingredients, Inc. Distillery ingredients and products | 29,324 | 2,254,429 |
Food Products 0.8% | ||
Hostess Brands, Inc.(a) Packaged baked sweet goods | 168,259 | 2,491,916 |
Household Products 0.9% | ||
WD-40 Co. Multi-purpose lubricant products and heavy-duty hand cleaners | 26,367 | 3,111,306 |
Personal Products 1.0% | ||
Inter Parfums, Inc. Fragrances and related products | 73,756 | 3,204,698 |
Total Consumer Staples | 11,062,349 | |
Energy 1.5% | ||
Energy Equipment & Services 0.8% | ||
Core Laboratories NV(b) Reservoir description, production enhancement, and reservoir management services | 23,516 | 2,576,178 |
Columbia Acorn Family of Funds | Annual Report 2017 | 59 |
Table of Contents
Columbia Acorn USA®, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Oil, Gas & Consumable Fuels 0.7% | ||
PDC Energy, Inc.(a) Petroleum products | 40,872 | 2,106,543 |
Total Energy | 4,682,721 | |
Financials 12.9% | ||
Banks 6.2% | ||
First Busey Corp. Multi-bank holding company | 158,100 | 4,733,514 |
Great Southern Bancorp, Inc. Real estate, commercial real estate, commercial business, consumer, and construction loans | 52,254 | 2,698,919 |
Lakeland Financial Corp. Bank holding company | 83,474 | 4,047,654 |
LegacyTexas Financial Group, Inc. Bank holding company | 47,712 | 2,013,924 |
Sandy Spring Bancorp, Inc. Holding company for Sandy Spring Bank | 83,758 | 3,268,237 |
Trico Bancshares Holding company for Tri Counties Bank | 84,461 | 3,197,693 |
Total | 19,959,941 | |
Capital Markets 4.2% | ||
Hamilton Lane, Inc., Class A Private market investment solutions | 112,404 | 3,977,978 |
Houlihan Lokey, Inc. Investment bank | 115,338 | 5,239,805 |
OM Asset Management PLC Domestic and international equities, fixed income, and alternative investments | 264,261 | 4,426,372 |
Total | 13,644,155 | |
Consumer Finance 1.0% | ||
FirstCash, Inc. Owns and operates pawn stores | 48,623 | 3,279,621 |
Thrifts & Mortgage Finance 1.5% | ||
OceanFirst Financial Corp. New Jersey banks | 105,024 | 2,756,880 |
Walker & Dunlop, Inc.(a) Commercial real estate financial services | 40,979 | 1,946,503 |
Total | 4,703,383 | |
Total Financials | 41,587,100 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care 28.3% | ||
Biotechnology 7.3% | ||
Agios Pharmaceuticals, Inc.(a) Therapeutics in the field of cancer metabolism | 71,982 | 4,115,211 |
Celldex Therapeutics, Inc.(a) Uses applications of immunology to prevent and treat diseases | 708,320 | 2,011,629 |
Clovis Oncology, Inc.(a) Pre-commercial Biotech Company | 37,123 | 2,524,364 |
Genomic Health, Inc.(a) Development and commercialization of genomic-based clinical diagnostic tests for cancer | 80,229 | 2,743,832 |
Intercept Pharmaceuticals, Inc.(a),(b) biopharmaceutical products | 31,439 | 1,836,666 |
Ligand Pharmaceuticals, Inc.(a) Drugs that regulate hormone activated intracellular receptors | 31,748 | 4,347,254 |
Loxo Oncology, Inc.(a) Researches and develops cancer drugs | 30,273 | 2,548,381 |
MacroGenics, Inc.(a) Treatments for autoimmune disorders, cancer and infectious diseases | 109,771 | 2,085,649 |
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 29,473 | 1,366,958 |
Total | 23,579,944 | |
Health Care Equipment & Supplies 10.8% | ||
Anika Therapeutics, Inc.(a) Integrated orthopedic medicines company | 63,338 | 3,414,552 |
Atrion Corp. Medical products and components | 6,749 | 4,255,920 |
AxoGen, Inc.(a) Technologies for peripheral nerve reconstruction and regeneration | 91,387 | 2,586,252 |
Entellus Medical, Inc.(a) Therapeutic solutions and medical devices | 107,500 | 2,621,925 |
Haemonetics Corp.(a) Automated blood processing systems | 70,814 | 4,112,877 |
iRhythm Technologies, Inc.(a) Medical instruments | 75,460 | 4,229,533 |
LeMaitre Vascular, Inc. Medical devices for vascular surgeons and interventionists | 64,474 | 2,052,852 |
Masimo Corp.(a) Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 45,010 | 3,816,848 |
60 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn USA®, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Natus Medical, Inc.(a) Medical device company that develops, manufactures, and markets screening products | 49,662 | 1,897,088 |
OraSure Technologies, Inc.(a) Medical devices and diagnostic products | 100,714 | 1,899,466 |
Sientra, Inc.(a) Plastic surgery implantable devices | 126,252 | 1,775,103 |
Varex Imaging Corp.(a) X-ray imaging components | 55,500 | 2,229,435 |
Total | 34,891,851 | |
Health Care Providers & Services 6.5% | ||
Amedisys, Inc.(a) Provider of alternate-site health care services | 37,017 | 1,951,166 |
AMN Healthcare Services, Inc.(a) Temporary healthcare staffing | 108,470 | 5,342,147 |
Chemed Corp. Hospice and palliative care services | 2,398 | 582,762 |
HealthEquity, Inc.(a) Technology-enabled services platforms for consumers to make healthcare saving and spending decisions | 77,415 | 3,612,184 |
HealthSouth Corp. Inpatient rehabilitative healthcare services | 133,146 | 6,578,744 |
Tivity Health, Inc.(a) Health fitness solutions | 82,371 | 3,010,660 |
Total | 21,077,663 | |
Health Care Technology 1.0% | ||
Evolent Health, Inc., Class A(a),(b) Purpose-built platform enables providers to migrate their payment models | 147,478 | 1,813,979 |
Medidata Solutions, Inc.(a) Hosted clinical development solutions | 24,846 | 1,574,491 |
Total | 3,388,470 | |
Life Sciences Tools & Services 2.0% | ||
Bio-Techne Corp. Biotechnology products and clinical diagnostic controls | 15,231 | 1,973,176 |
Cambrex Corp.(a) Products, services, and technologies for the Life Sciences and fine chemicals industry | 90,067 | 4,323,216 |
Total | 6,296,392 | |
Pharmaceuticals 0.7% | ||
Optinose, Inc.(a) Health care services | 114,183 | 2,158,059 |
Total Health Care | 91,392,379 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Industrials 10.9% | ||
Building Products 0.8% | ||
American Woodmark Corp.(a) Kitchen cabinets and vanities | 19,391 | 2,525,678 |
Commercial Services & Supplies 3.6% | ||
Brink’s Co. (The) Provides security services globally | 62,255 | 4,899,469 |
Healthcare Services Group, Inc. Housekeeping, laundry, linen, facility maintenance, and food services | 41,925 | 2,210,286 |
Knoll, Inc. Branded office furniture products and textiles | 102,008 | 2,350,264 |
Unifirst Corp. Workplace uniforms and protective clothing | 13,947 | 2,299,860 |
Total | 11,759,879 | |
Machinery 3.5% | ||
Barnes Group, Inc. International industrial and aerospace manufacturer and service provider | 59,966 | 3,794,049 |
ESCO Technologies, Inc. Engineered products and solutions | 40,939 | 2,466,575 |
REV Group, Inc. Specialty vehicles and related aftermarket parts and services | 68,936 | 2,242,488 |
Toro Co. (The) Turf equipment | 40,574 | 2,646,642 |
Total | 11,149,754 | |
Professional Services 1.7% | ||
ICF International, Inc.(a) Management, technology, policy consulting, and implementation services | 53,183 | 2,792,107 |
Wageworks, Inc.(a) Tax-advantaged programs for consumer-directed health, commuter, and other employee spending account benefits | 43,115 | 2,673,130 |
Total | 5,465,237 | |
Road & Rail 0.7% | ||
Saia, Inc.(a) Trucking transportation | 29,967 | 2,120,165 |
Trading Companies & Distributors 0.6% | ||
SiteOne Landscape Supply, Inc.(a) Landscape supplies | 25,180 | 1,931,306 |
Total Industrials | 34,952,019 |
Columbia Acorn Family of Funds | Annual Report 2017 | 61 |
Table of Contents
Columbia Acorn USA®, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Information Technology 20.2% | ||
Electronic Equipment, Instruments & Components 1.0% | ||
II-VI, Inc.(a) Optical and optoelectronic devices | 69,183 | 3,248,142 |
Internet Software & Services 5.3% | ||
Alarm.com Holdings, Inc.(a) Interactive security solutions | 42,400 | 1,600,600 |
Alteryx, Inc., Class A(a) Data storage, retrieval, management, reporting, and analytics solutions | 154,980 | 3,916,345 |
Apptio, Inc., Class A(a) Cloud-based business management solutions | 97,414 | 2,291,177 |
LogMeIn, Inc. Remote connectivity services | 24,532 | 2,808,914 |
Mimecast Ltd.(a) Cloud security and risk management services for corporate information and email | 116,768 | 3,347,738 |
MINDBODY, Inc., Class A(a) Business management software | 49,300 | 1,501,185 |
Q2 Holdings, Inc.(a) Secure, cloud-based virtual banking solutions | 46,334 | 1,707,408 |
Total | 17,173,367 | |
IT Services 4.0% | ||
CoreLogic, Inc.(a) Consumer, financial and property information, analytics and services to business and government | 39,658 | 1,832,596 |
Euronet Worldwide, Inc.(a) Electronic financial transaction solutions | 42,644 | 3,593,610 |
MAXIMUS, Inc. Program management and consulting services to state and local governments | 60,664 | 4,342,329 |
WNS Holdings Ltd., ADR(a) Business process outsourcing services | 77,423 | 3,106,985 |
Total | 12,875,520 | |
Semiconductors & Semiconductor Equipment 6.2% | ||
Advanced Energy Industries, Inc.(a) Engineered precision power conversion, measurement and control solutions | 34,921 | 2,356,469 |
Ambarella, Inc.(a) High definition video compression and image processing semiconductors | 56,660 | 3,328,775 |
Brooks Automation, Inc. Automation solutions for the global semiconductor and related industries | 70,570 | 1,683,095 |
Cabot Microelectronics Corp. slurries used in chemical mechanical planarization | 38,692 | 3,640,143 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Inphi Corp.(a),(b) Analog semiconductor solutions | 51,863 | 1,898,186 |
Monolithic Power Systems, Inc. Power management solutions | 44,058 | 4,950,357 |
Semtech Corp.(a) Analog and mixed-signal semiconductors | 60,321 | 2,062,978 |
Total | 19,920,003 | |
Software 3.7% | ||
Aspen Technology, Inc.(a) Process optimization software, products and services | 63,317 | 4,191,585 |
Blackline, Inc.(a) Develops and markets enterprise software | 68,381 | 2,242,897 |
CyberArk Software Ltd.(a) IT security solutions | 35,526 | 1,470,421 |
Qualys, Inc.(a) Information technology security risk and compliance management solutions | 69,811 | 4,143,283 |
Total | 12,048,186 | |
Total Information Technology | 65,265,218 | |
Materials 1.7% | ||
Chemicals 1.7% | ||
Orion Engineered Carbons SA Global supplier of Carbon Black | 130,987 | 3,353,267 |
Quaker Chemical Corp. Custom-formulated chemical specialty products | 14,017 | 2,113,624 |
Total | 5,466,891 | |
Total Materials | 5,466,891 | |
Real Estate 2.1% | ||
Equity Real Estate Investment Trusts (REITS) 1.4% | ||
CoreCivic, Inc. Detention and corrections services | 105,070 | 2,364,075 |
UMH Properties, Inc. Real estate investment trust | 139,316 | 2,075,809 |
Total | 4,439,884 | |
Real Estate Management & Development 0.7% | ||
Colliers International Group, Inc. Commercial real estate, residential property management and property services | 38,700 | 2,335,545 |
Total Real Estate | 6,775,429 | |
Total Common Stocks (Cost: $259,537,701) | 325,708,913 | |
62 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn USA®, December 31, 2017
Securities Lending Collateral 1.0% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 1.190%(c),(d) | 3,283,375 | 3,283,375 |
Total Securities Lending Collateral (Cost: $3,283,375) | 3,283,375 | |
Money Market Funds 0.3% | ||
JPMorgan U.S. Government Money Market Fund, Agency Shares, 1.090%(c) | 1,029,679 | 1,029,679 |
Total Money Market Funds (Cost: $1,029,679) | 1,029,679 | |
Total Investments (Cost $263,850,755) | 330,021,967 | |
Obligation to Return Collateral for Securities Loaned | (3,283,375) | |
Other Assets & Liabilities, Net | (4,060,994) | |
Net Assets | $322,677,598 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2017. The total market value of securities on loan at December 31, 2017 was $3,128,036. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2017. |
(d) | Investment made with cash collateral received from securities lending activity. |
ADR | American Depositary Receipt |
¦ | Level 1 – quoted prices in active markets for identical securities |
¦ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
¦ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Annual Report 2017 | 63 |
Table of Contents
Columbia Acorn USA®, December 31, 2017
For investments categorized as Level 3, the significant unobservable inputs used in the fair value measurement of the Fund’s securities may include: (i) data specific to the issuer or comparable issuers, (ii) general market or specific sector news and (iii) quoted prices and specific or similar security transactions. The Committee considers this data and any changes from prior periods in order to assess the reasonableness of observable and unobservable inputs, any assumptions or internal models used to value those securities and changes in fair value. Significant changes in any of these factors could result in lower or higher fair value measurements. Various factors impact the frequency of monitoring (which may occur as often as daily), however the Committee may determine that changes to inputs, assumptions and models are not required with the same frequency.
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Consumer Discretionary | 64,524,807 | — | — | 64,524,807 |
Consumer Staples | 11,062,349 | — | — | 11,062,349 |
Energy | 4,682,721 | — | — | 4,682,721 |
Financials | 41,587,100 | — | — | 41,587,100 |
Health Care | 91,392,379 | — | — | 91,392,379 |
Industrials | 34,952,019 | — | — | 34,952,019 |
Information Technology | 65,265,218 | — | — | 65,265,218 |
Materials | 5,466,891 | — | — | 5,466,891 |
Real Estate | 6,775,429 | — | — | 6,775,429 |
Total Common Stocks | 325,708,913 | — | — | 325,708,913 |
Securities Lending Collateral | 3,283,375 | — | — | 3,283,375 |
Money Market Funds | 1,029,679 | — | — | 1,029,679 |
Total Investments | 330,021,967 | — | — | 330,021,967 |
64 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn International SelectSM, December 31, 2017
Common Stocks 94.0% | ||
Issuer | Shares | Value ($) |
Australia 1.9% | ||
Domino’s Pizza Enterprises Ltd.(a) Pizza delivery stores | 70,000 | 2,544,218 |
Canada 4.3% | ||
CCL Industries, Inc. Manufacturing services and specialty packaging products for the non-durable consumer products market | 121,000 | 5,590,835 |
China 8.4% | ||
China Medical System Holdings Ltd. Pharmaceutical and medical products | 1,151,000 | 2,679,288 |
NetEase, Inc., ADR Internet technology company that develops applications, services and Internet technologies | 15,600 | 5,383,092 |
New Oriental Education & Technology Group, Inc., ADR Educational services | 30,600 | 2,876,400 |
Total | 10,938,780 | |
Denmark 3.9% | ||
Novozymes AS, Class B Enzymes for industrial use | 89,955 | 5,139,499 |
France 3.7% | ||
Ipsen SA Medical drugs for targeted disease areas | 18,000 | 2,150,442 |
Legrand SA Products and systems for electrical installations and information networks | 35,000 | 2,695,641 |
Total | 4,846,083 | |
Germany 8.7% | ||
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 33,500 | 5,986,275 |
Wirecard AG Internet payment and processing services | 48,800 | 5,423,749 |
Total | 11,410,024 | |
India 3.1% | ||
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 452,000 | 4,115,089 |
Ireland 1.6% | ||
Ryanair Holdings PLC(b) Low fare passenger airline services | 115,000 | 2,060,244 |
Italy 1.7% | ||
Brembo SpA Braking systems and components | 147,000 | 2,234,707 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Japan 17.4% | ||
Aeon Mall Co., Ltd. Large-scale shopping malls | 178,600 | 3,488,182 |
FamilyMart UNY Holdings Co., Ltd. Chain of convenience stores | 78,000 | 5,462,978 |
Hoya Corp. Electro-optics products | 46,000 | 2,290,947 |
Recruit Holdings Co., Ltd. Information providing services in human resource, housing, bridal, travel, restaurants, beauty, automobiles, and education and more | 104,200 | 2,587,282 |
Santen Pharmaceutical Co., Ltd. Ophthalmic medicine | 151,200 | 2,367,847 |
Sekisui Chemical Co., Ltd. Unit residential houses in addition to parcels of land | 129,000 | 2,582,621 |
Sony Financial Holdings, Inc. Financial holding company | 224,500 | 3,967,726 |
Total | 22,747,583 | |
Mexico 2.0% | ||
Grupo Aeroportuario del Sureste SAB de CV, ADR Operates airports in Mexico | 14,000 | 2,555,140 |
Netherlands 2.9% | ||
Koninklijke Philips NV Health technology focused on improving people’s health | 100,000 | 3,784,325 |
South Africa 4.5% | ||
Naspers Ltd., Class N Electronic and print media industries | 21,300 | 5,901,236 |
South Korea 2.1% | ||
Korea Zinc Co. Ltd. Non-ferrous metal smelting | 5,900 | 2,717,015 |
Sweden 6.5% | ||
Hexagon AB, Class B Design, measurement and visualisation technologies | 120,000 | 6,010,898 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 106,000 | 2,455,170 |
Total | 8,466,068 | |
Switzerland 4.7% | ||
Partners Group Holding AG(a) Global private markets asset management firm | 9,060 | 6,210,765 |
Taiwan 2.2% | ||
Largan Precision Co., Ltd. Optical lens modules and optoelectronic components | 21,000 | 2,818,859 |
Columbia Acorn Family of Funds | Annual Report 2017 | 65 |
Table of Contents
Columbia Acorn International SelectSM, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
United Kingdom 14.4% | ||
Ferguson PLC Bathroom materials, heating and plumbing supplies, and industrial pipes, valves, and fittings | 50,000 | 3,588,198 |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 164,286 | 2,791,410 |
Micro Focus International PLC Enterprise application management solutions | 62,988 | 2,140,761 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 593,000 | 2,540,511 |
Rightmove PLC Website that lists properties across Britain | 43,800 | 2,658,035 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 28,000 | 2,116,933 |
WH Smith PLC Retails books, magazines, newspapers, and periodicals | 93,930 | 2,976,457 |
Total | 18,812,305 | |
Total Common Stocks (Cost: $81,187,112) | 122,892,775 |
Preferred Stocks 1.8% | |||
Issuer | Coupon Rate | Shares | Value ($) |
Germany 1.8% | |||
Sartorius AG Precision electronic equipment and components | — | 25,000 | 2,374,807 |
Total Preferred Stocks (Cost: $2,475,897) | 2,374,807 |
Securities Lending Collateral 4.5% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 1.190%(c),(d) | 5,961,556 | 5,961,556 |
Total Securities Lending Collateral (Cost: $5,961,556) | 5,961,556 | |
Money Market Funds 4.0% | ||
JPMorgan U.S. Government Money Market Fund, IM Shares, 1.192%(c) | 5,227,646 | 5,227,646 |
Total Money Market Funds (Cost: $5,227,646) | 5,227,646 | |
Total Investments (Cost: $94,852,211) | 136,456,784 | |
Obligation to Return Collateral for Securities Loaned | (5,961,556) | |
Other Assets & Liabilities, Net | 299,576 | |
Net Assets | $130,794,804 |
(a) | All or a portion of this security was on loan at December 31, 2017. The total market value of securities on loan at December 31, 2017 was $5,681,155. |
(b) | Non-income producing security. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2017. |
(d) | Investment made with cash collateral received from securities lending activity. |
ADR | American Depositary Receipt |
¦ | Level 1 – quoted prices in active markets for identical securities |
66 | Columbia Acorn Family of Funds | Annual Report 2017 |
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Columbia Acorn International SelectSM, December 31, 2017
¦
¦ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Australia | — | 2,544,218 | — | 2,544,218 |
Canada | 5,590,835 | — | — | 5,590,835 |
China | 8,259,492 | 2,679,288 | — | 10,938,780 |
Denmark | — | 5,139,499 | — | 5,139,499 |
France | — | 4,846,083 | — | 4,846,083 |
Germany | — | 11,410,024 | — | 11,410,024 |
India | — | 4,115,089 | — | 4,115,089 |
Ireland | — | 2,060,244 | — | 2,060,244 |
Italy | — | 2,234,707 | — | 2,234,707 |
Japan | — | 22,747,583 | — | 22,747,583 |
Mexico | 2,555,140 | — | — | 2,555,140 |
Netherlands | — | 3,784,325 | — | 3,784,325 |
South Africa | — | 5,901,236 | — | 5,901,236 |
South Korea | — | 2,717,015 | — | 2,717,015 |
Sweden | — | 8,466,068 | — | 8,466,068 |
Switzerland | — | 6,210,765 | — | 6,210,765 |
Taiwan | — | 2,818,859 | — | 2,818,859 |
United Kingdom | — | 18,812,305 | — | 18,812,305 |
Total Common Stocks | 16,405,467 | 106,487,308 | — | 122,892,775 |
Preferred Stocks | ||||
Germany | — | 2,374,807 | — | 2,374,807 |
Total Preferred Stocks | — | 2,374,807 | — | 2,374,807 |
Securities Lending Collateral | 5,961,556 | — | — | 5,961,556 |
Money Market Funds | 5,227,646 | — | — | 5,227,646 |
Total Investments | 27,594,669 | 108,862,115 | — | 136,456,784 |
Columbia Acorn Family of Funds | Annual Report 2017 | 67 |
Table of Contents
Columbia Acorn International SelectSM, December 31, 2017
The Fund’s assets assigned to the Level 2 input category are generally valued using a market approach, in which a security’s value is determined through its correlation to prices and information from observable market transactions for similar or identical assets. Foreign equities are generally valued at the last sale price on the foreign exchange or market on which they trade. The Fund may use a statistical fair valuation model, in accordance with the policy adopted by the Board of Trustees, provided by an independent third party to value securities principally traded in foreign markets in order to adjust for possible stale pricing that may occur between the close of the foreign exchanges and the time for valuation. These models take into account available market data including intraday index, ADR, and ETF movements.
68 | Columbia Acorn Family of Funds | Annual Report 2017 |
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Columbia Acorn SelectSM, December 31, 2017
Common Stocks 98.3% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 19.5% | ||
Auto Components 5.0% | ||
LCI Industries Recreational vehicles and equipment | 119,566 | 15,543,580 |
Distributors 4.6% | ||
LKQ Corp.(a) Automotive products and services | 351,942 | 14,313,481 |
Hotels, Restaurants & Leisure 7.0% | ||
Papa John’s International, Inc. Pizza delivery and carry-out restaurants | 128,246 | 7,195,883 |
Vail Resorts, Inc. Operates resorts globally | 67,242 | 14,286,908 |
Total | 21,482,791 | |
Media 2.9% | ||
Liberty Global PLC, Class A(a) Broadband, distribution, and content companies | 250,140 | 8,965,018 |
Total Consumer Discretionary | 60,304,870 | |
Financials 15.4% | ||
Banks 5.6% | ||
SVB Financial Group(a) Holding company for Silicon Valley Bank | 74,744 | 17,472,905 |
Capital Markets 6.9% | ||
Eaton Vance Corp. Creates, markets, and manages mutual funds | 230,547 | 13,000,545 |
Lazard Ltd., Class A Corporate Advisory & Asset Management | 159,877 | 8,393,543 |
Total | 21,394,088 | |
Consumer Finance 2.9% | ||
FirstCash, Inc. Owns and operates pawn stores | 131,448 | 8,866,167 |
Total Financials | 47,733,160 | |
Health Care 17.3% | ||
Biotechnology 2.5% | ||
Genomic Health, Inc.(a) Development and commercialization of genomic-based clinical diagnostic tests for cancer | 179,278 | 6,131,308 |
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 34,290 | 1,590,370 |
Total | 7,721,678 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Equipment & Supplies 9.4% | ||
Align Technology, Inc.(a) Designs, manufactures, and markets the Invisalign System | 31,403 | 6,977,433 |
Masimo Corp.(a) Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 124,500 | 10,557,600 |
Natus Medical, Inc.(a) Medical device company that develops, manufactures, and markets screening products | 303,132 | 11,579,642 |
Total | 29,114,675 | |
Health Care Providers & Services 5.4% | ||
HealthSouth Corp. Inpatient rehabilitative healthcare services | 337,823 | 16,691,834 |
Total Health Care | 53,528,187 | |
Industrials 24.6% | ||
Machinery 17.5% | ||
Middleby Corp. (The)(a) Equipment for use in cooking and preparing food | 117,463 | 15,851,632 |
Nordson Corp. Systems that apply adhesives, sealants, and coatings to products during manufacturing | 54,714 | 8,010,130 |
Oshkosh Corp. Fire and emergency apparatuses and specialty commercial, and military trucks | 169,942 | 15,446,028 |
Snap-On, Inc. Tool and equipment solutions | 84,463 | 14,721,901 |
Total | 54,029,691 | |
Road & Rail 7.1% | ||
AMERCO Rental of trucks, trailers, and self storage space, as well as property and casualty and life insurance products | 22,480 | 8,495,417 |
JB Hunt Transport Services, Inc. Logistics services | 116,635 | 13,410,692 |
Total | 21,906,109 | |
Total Industrials | 75,935,800 |
Columbia Acorn Family of Funds | Annual Report 2017 | 69 |
Table of Contents
Columbia Acorn SelectSM, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Information Technology 15.8% | ||
Internet Software & Services 11.9% | ||
GoDaddy, Inc., Class A(a) Cloud-based web platform for small businesses, web design professionals and individuals | 307,794 | 15,475,883 |
SPS Commerce, Inc.(a) On-demand supply chain management solutions through an online hosted software suite | 157,214 | 7,639,028 |
VeriSign, Inc.(a) Domain names and Internet security services | 120,009 | 13,733,830 |
Total | 36,848,741 | |
Software 3.9% | ||
ANSYS, Inc.(a) Software solutions for design analysis and optimization | 80,999 | 11,954,642 |
Total Information Technology | 48,803,383 | |
Materials 2.9% | ||
Chemicals 2.9% | ||
Celanese Corp., Class A Global integrated producer of chemicals and advanced materials | 83,799 | 8,973,197 |
Total Materials | 8,973,197 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 2.8% | ||
Equity Real Estate Investment Trusts (REITS) 2.8% | ||
Education Realty Trust, Inc. Self-managed and self-advised real estate investment trust | 244,432 | 8,535,565 |
Total Real Estate | 8,535,565 | |
Total Common Stocks (Cost: $221,147,909) | 303,814,162 | |
Money Market Funds 1.4% | ||
Shares | Value ($) | |
JPMorgan U.S. Government Money Market Fund, Agency Shares, 1.090%(b) | 4,278,755 | 4,278,755 |
Total Money Market Funds (Cost: $4,278,755) | 4,278,755 | |
Total Investments (Cost $225,426,664) | 308,092,917 | |
Other Assets & Liabilities, Net | 785,019 | |
Net Assets | $308,877,936 |
(a) | Non-income producing security. |
(b) | The rate shown is the seven-day current annualized yield at December 31, 2017. |
¦ | Level 1 – quoted prices in active markets for identical securities |
¦ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
¦ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
70 | Columbia Acorn Family of Funds | Annual Report 2017 |
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Columbia Acorn SelectSM, December 31, 2017
require fair valuation and fair value techniques; circumstances under which securities will be deemed to pose a potential for stale pricing, including when securities are illiquid, restricted, or in default; and certain delegations of authority to determine fair values to the Fund’s investment manager. The Committee may also meet to discuss additional valuation matters, which may include review of back-testing results, review of time-sensitive information or approval of other valuation related actions, and to review the appropriateness of the Policies.
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Consumer Discretionary | 60,304,870 | — | — | 60,304,870 |
Financials | 47,733,160 | — | — | 47,733,160 |
Health Care | 53,528,187 | — | — | 53,528,187 |
Industrials | 75,935,800 | — | — | 75,935,800 |
Information Technology | 48,803,383 | — | — | 48,803,383 |
Materials | 8,973,197 | — | — | 8,973,197 |
Real Estate | 8,535,565 | — | — | 8,535,565 |
Total Common Stocks | 303,814,162 | — | — | 303,814,162 |
Money Market Funds | 4,278,755 | — | — | 4,278,755 |
Total Investments | 308,092,917 | — | — | 308,092,917 |
Columbia Acorn Family of Funds | Annual Report 2017 | 71 |
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Columbia Thermostat FundSM, December 31, 2017
Equity Funds 9.9% | ||
Issuer | Shares | Value ($) |
Dividend Income 2.0% | ||
Columbia Dividend Income Fund, Institutional 3 Class(a) | 759,793 | 17,034,557 |
Total Dividend Income | 17,034,557 | |
International Small Mid Cap 2.0% | ||
Columbia Acorn International, Institutional 3 Class(a) | 364,288 | 17,103,315 |
Total International Small Mid Cap | 17,103,315 | |
U.S. Large Cap 3.9% | ||
Columbia Contrarian Core Fund, Institutional 3 Class(a) | 323,920 | 8,512,622 |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class(a) | 345,654 | 8,506,542 |
Columbia Select Large Cap Equity Fund, Institutional 3 Class(a) | 595,505 | 8,509,761 |
Columbia Select Large Cap Growth Fund, Institutional 3 Class(a),(b) | 492,597 | 8,502,217 |
Total U.S. Large Cap | 34,031,142 | |
U.S. Mid Cap 1.0% | ||
Columbia Acorn Select, Institutional 3 Class(a),(b) | 487,249 | 8,492,758 |
Total U.S. Mid Cap | 8,492,758 | |
U.S. Small Mid Cap 1.0% | ||
Columbia Acorn Fund, Institutional 3 Class(a),(b) | 519,202 | 8,483,765 |
Total U.S. Small Mid Cap | 8,483,765 | |
Total Equity Funds (Cost: $58,776,497) | 85,145,537 | |
Fixed-Income Funds 89.8% | ||
Issuer | Shares | Value ($) |
High Yield 9.0% | ||
Columbia Income Opportunities Fund, Institutional 3 Class(a) | 7,774,323 | 77,276,769 |
Total High Yield | 77,276,769 | |
Investment Grade 80.8% | ||
Columbia Short Term Bond Fund, Institutional 3 Class(a) | 31,104,620 | 308,557,829 |
Columbia Total Return Bond Fund, Institutional 3 Class(a) | 17,065,809 | 154,274,918 |
Columbia U.S. Government Mortgage Fund, Institutional 3 Class(a) | 28,648,549 | 154,415,678 |
Columbia U.S. Treasury Index Fund, Institutional 3 Class(a) | 6,949,835 | 77,143,166 |
Total Investment Grades | 694,391,591 | |
Total Fixed-Income Funds (Cost: $769,274,585) | 771,668,360 | |
Money Market Funds 0.2% | ||
Shares | Value ($) | |
JPMorgan U.S. Government Money Market Fund, Agency Shares, 1.090%(c) | 1,910,983 | 1,910,983 |
Total Money Market Funds (Cost: $1,910,983) | 1,910,983 | |
Total Investments (Cost $829,962,065) | 858,724,880 | |
Other Assets & Liabilities, Net | 506,166 | |
Net Assets | $859,231,046 |
72 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Thermostat FundSM, December 31, 2017
(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 ended December 31, 2017, are as follows. The aggregate cost and value of these companies at December 31, 2017, was $828,051,082 and $856,813,897, respectively. Investments in affiliated companies represented 99.72% of the Fund’s total net assets at December 31, 2017. |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Capital gain distributions — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Acorn Fund, Class I Shares | |||||||||
704,294 | — | (704,294) 1 | — | (25,299) | 615,947 | — | — | — | |
Columbia Acorn Fund, Institutional 3 Class | |||||||||
— | 1,589,226 1 | (1,070,024) | 519,202 | 492,242 | (215,764) | — | 2,179,061 | 8,483,765 | |
Columbia Acorn International, Class I Shares | |||||||||
587,054 | — | (587,054) 1 | — | 393,821 | (3,095,669) | — | — | — | |
Columbia Acorn International, Institutional 3 Class | |||||||||
— | 1,214,232 1 | (849,944) | 364,288 | 3,245,980 | 5,736,859 | 568,852 | 888,555 | 17,103,315 | |
Columbia Acorn Select, Class I Shares | |||||||||
738,151 | — | (738,151) 1 | — | 94,331 | (881,292) | — | — | — | |
Columbia Acorn Select, Institutional 3 Class | |||||||||
— | 1,669,063 1 | (1,181,814) | 487,249 | 370,313 | 1,528,227 | — | 2,039,185 | 8,492,758 | |
Columbia Contrarian Core Fund, Class I Shares | |||||||||
966,230 | — | (966,230) 1 | — | 428,650 | (5,344,696) | — | — | — | |
Columbia Contrarian Core Fund, Institutional 3 Class | |||||||||
— | 1,060,193 1 | (736,273) | 323,920 | 3,575,513 | 4,406,187 | 90,131 | 406,133 | 8,512,622 | |
Columbia Dividend Income Fund, Class I Shares | |||||||||
1,141,969 | 5,458 | (1,147,427) 1 | — | 347,840 | (5,811,199) | 109,213 | — | — | |
Columbia Dividend Income Fund, Institutional 3 Class | |||||||||
— | 2,520,730 1 | (1,760,937) | 759,793 | 2,485,043 | 7,258,830 | 402,219 | 453,609 | 17,034,557 | |
Columbia Income Opportunities Fund, Class I Shares | |||||||||
10,148,993 | 79,762 | (10,228,755) 1 | — | 125,579 | (3,520,955) | 1,094,168 | — | — | |
Columbia Income Opportunities Fund, Institutional 3 Class | |||||||||
— | 11,195,847 1 | (3,421,524) | 7,774,323 | 966,822 | 3,913,900 | 2,948,826 | — | 77,276,769 | |
Columbia Large Cap Enhanced Core Fund, Class I Shares | |||||||||
483,277 | — | (483,277) 1 | — | 295,597 | (5,100,344) | — | — | — | |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class | |||||||||
— | 1,118,253 1 | (772,599) | 345,654 | 1,196,864 | 5,134,763 | 164,898 | 1,358,999 | 8,506,542 | |
Columbia Select Large Cap Equity Fund, Institutional 3 Class | |||||||||
— | 1,932,751 | (1,337,246) | 595,505 | 905,477 | 595,150 | 92,919 | 515,791 | 8,509,761 | |
Columbia Select Large Cap Growth Fund, Class I Shares | |||||||||
788,763 | — | (788,763) 1 | — | 285,040 | (633,937) | — | — | — | |
Columbia Select Large Cap Growth Fund, Institutional 3 Class | |||||||||
— | 1,609,785 1 | (1,117,188) | 492,597 | 1,030,048 | 1,924,787 | — | 1,590,732 | 8,502,217 | |
Columbia Short Term Bond Fund, Class I Shares | |||||||||
39,832,272 | 90,204 | (39,922,476) 1 | — | (44,802) | (278,925) | 1,260,302 | — | — | |
Columbia Short Term Bond Fund, Institutional 3 Class | |||||||||
— | 43,265,618 1 | (12,160,998) | 31,104,620 | (187,385) | (600,796) | 3,953,466 | — | 308,557,829 |
Columbia Acorn Family of Funds | Annual Report 2017 | 73 |
Table of Contents
Columbia Thermostat FundSM, December 31, 2017
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Capital gain distributions — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Total Return Bond Fund, Class I Shares | |||||||||
22,201,461 | 102,335 | (22,303,796) 1 | — | (228,265) | 1,313,626 | 1,254,651 | — | — | |
Columbia Total Return Bond Fund, Institutional 3 Class | |||||||||
— | 24,102,846 1 | (7,037,037) | 17,065,809 | (240,036) | 854,368 | 3,507,781 | — | 154,274,918 | |
Columbia U.S. Government Mortgage Fund, Class I Shares | |||||||||
36,866,439 | 145,269 | (37,011,708) 1 | — | (294,353) | 1,942,555 | 1,096,479 | — | — | |
Columbia U.S. Government Mortgage Fund, Institutional 3 Class | |||||||||
— | 40,303,717 1 | (11,655,168) | 28,648,549 | (190,063) | (578,083) | 3,758,157 | — | 154,415,678 | |
Columbia U.S. Treasury Index Fund, Class I Shares | |||||||||
9,050,066 | 21,032 | (9,071,098) 1 | — | (216,893) | 2,482,972 | 324,653 | — | — | |
Columbia U.S. Treasury Index Fund, Institutional 3 Class | |||||||||
— | 9,726,791 1 | (2,776,956) | 6,949,835 | (590,056) | (1,195,614) | 950,267 | — | 77,143,166 | |
Total of Affiliated Transactions | 14,222,008 | 10,450,897 | 21,576,982 | 9,432,065 | 856,813,897 |
1 | Includes the effect of underlying share class exchange. |
(b) | Non-income producing security. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2017. |
¦ | 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) |
74 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Thermostat FundSM, December 31, 2017
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2017:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Equity Funds | 85,145,537 | — | — | 85,145,537 |
Fixed-Income Funds | 771,668,360 | — | — | 771,668,360 |
Money Market Funds | 1,910,983 | — | — | 1,910,983 |
Total Investments | 858,724,880 | — | — | 858,724,880 |
Columbia Acorn Family of Funds | Annual Report 2017 | 75 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, December 31, 2017
Common Stocks 96.8% | ||
Issuer | Shares | Value ($) |
Brazil 5.4% | ||
Odontoprev SA Dental benefits company | 407,000 | 1,952,118 |
Qualicorp SA Insurance and benefits packages | 85,000 | 794,368 |
Raia Drogasil SA Chain of pharmaceutical stores | 109,000 | 3,016,551 |
Total | 5,763,037 | |
Cambodia 3.3% | ||
NagaCorp Ltd. Leisure and tourism company | 4,514,000 | 3,486,248 |
Cayman Islands 9.9% | ||
China Lodging Group Ltd. Chain of hotels | 18,000 | 2,599,740 |
Netshoes Cayman Ltd.(a),(b) Online sports goods and apparel | 78,358 | 619,028 |
Parade Technologies Ltd. Fabless semiconductor company | 133,000 | 2,622,443 |
RYB Education, Inc., ADR(a),(b) Operates kindergarten and pre-schools | 50,050 | 844,844 |
Silicon Motion Technology Corp., ADR Semiconductor products | 41,799 | 2,213,675 |
Xiabuxiabu Catering Management China Holdings Co., Ltd. Chain of restaurants in China | 814,000 | 1,639,909 |
Total | 10,539,639 | |
China 11.6% | ||
51job, Inc., ADR(a) Integrated human resource services | 41,912 | 2,550,345 |
58.Com, Inc., ADR(a) Local life service platform | 25,893 | 1,853,162 |
China Medical System Holdings Ltd. Pharmaceutical and medical products | 808,000 | 1,880,856 |
New Oriental Education & Technology Group, Inc., ADR Educational services | 33,000 | 3,102,000 |
TravelSky Technology Ltd., Class H IT solutions for China’s air travel and tourism industries | 970,000 | 2,899,589 |
Total | 12,285,952 | |
Egypt 1.0% | ||
Commercial International Bank of Egypt Provides a range of financial services | 237,000 | 1,031,434 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hong Kong 5.4% | ||
Value Partners Group Ltd. Independent, value oriented asset management group | 2,382,000 | 2,524,870 |
Vitasoy International Holdings Ltd. Food and beverages | 1,261,000 | 3,224,328 |
Total | 5,749,198 | |
India 12.7% | ||
Care Ratings Ltd. Credit rating services | 171,000 | 3,568,953 |
GRUH Finance Ltd. Provides a range of home loans as well as insurance products | 428,074 | 3,368,124 |
Havells India Ltd Manufactures electrical products | 129,000 | 1,134,400 |
TVS Motor Co., Ltd. Motorcycles, mopeds and scooters | 198,523 | 2,394,455 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 329,472 | 2,999,572 |
Total | 13,465,504 | |
Indonesia 5.8% | ||
PT Link Net Tbk High-speed internet connection through fiber optic lines | 4,150,000 | 1,683,892 |
PT Matahari Department Store Tbk Retail clothes, accessories, bags, shoes, cosmetics, household appliances, and management consulting services. | 2,400,000 | 1,763,121 |
PT Media Nusantara Citra Tbk Integrated media company in Southeast Asia | 10,000,000 | 947,116 |
PT Tower Bersama Infrastructure Tbk Telecommunication infrastructure services to Indonesian wireless carriers | 3,800,000 | 1,795,574 |
Total | 6,189,703 | |
Mexico 4.7% | ||
Grupo Aeroportuario del Centro Norte SAB de CV Operates international airports in the northern and central regions of Mexico | 223,000 | 1,155,801 |
Grupo Aeroportuario del Sureste SAB de CV, ADR Operates airports in Mexico | 7,000 | 1,277,570 |
Qualitas Controladora SAB de CV Insurance holding company | 1,390,000 | 2,566,861 |
Total | 5,000,232 |
76 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Philippines 1.4% | ||
D&L Industries, Inc. Customized raw materials | 6,700,000 | 1,484,415 |
Russian Federation 1.2% | ||
X5 Retail Group NV GDR, Registered Shares(a) Food retailer company | 33,000 | 1,246,410 |
South Africa 7.1% | ||
Clicks Group Ltd. Owns and operates chains of retail stores | 93,687 | 1,371,552 |
Famous Brands Ltd.(a),(b) Food and beverage company | 305,936 | 2,546,644 |
PSG Group Ltd. Diversified financial services | 55,000 | 1,200,242 |
Rand Merchant Investment Holdings Ltd. Investment holding company | 654,511 | 2,423,229 |
Total | 7,541,667 | |
South Korea 11.9% | ||
GS Retail Co., Ltd. Chain of retail stores | 63,100 | 2,373,784 |
Koh Young Technology, Inc. 3D measurement and inspection equipment for testing various machineries | 34,515 | 2,659,836 |
Korea Investment Holdings Co., Ltd. Financial holding company | 42,676 | 2,747,805 |
Korea Zinc Co. Ltd. Non-ferrous metal smelting | 4,500 | 2,072,299 |
Modetour Network, Inc. Travel services | 99,518 | 2,835,271 |
Total | 12,688,995 | |
Taiwan 7.2% | ||
Basso Industry Corp. Pneumatic nailers and staplers | 568,000 | 1,269,732 |
Largan Precision Co., Ltd. Optical lens modules and optoelectronic components | 10,000 | 1,342,314 |
Silergy Corp. High performance analog integrated circuits | 132,000 | 3,016,281 |
Voltronic Power Technology Corp. Uninterruptible power supply products, inverters, multiple surface mounted devices and other power products | 116,000 | 2,007,494 |
Total | 7,635,821 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Thailand 5.6% | ||
Beauty Community PCL Cosmetic and beauty products | 2,760,000 | 1,761,522 |
Home Product Center PCL, Foreign Registered Shares Building materials and home improvement products | 3,197,000 | 1,255,649 |
Samui Airport Property Fund Leasehold Closed-end property fund incorporated in Thailand | 2,092,100 | 1,476,475 |
Tisco Financial Group PCL Bank holding company | 550,000 | 1,493,556 |
Total | 5,987,202 | |
Turkey 2.6% | ||
Logo Yazilim Sanayi Ve Ticaret AS(a) Enterprise resource planning software | 178,000 | 2,758,871 |
Total Common Stocks (Cost: $78,018,490) | 102,854,328 | |
Securities Lending Collateral 1.4% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 1.190%(c),(d) | 1,505,875 | 1,505,875 |
Total Securities Lending Collateral (Cost: $1,505,875) | 1,505,875 | |
Money Market Funds 3.3% | ||
JPMorgan U.S. Government Money Market Fund, IM Shares, 1.192%(c) | 3,458,712 | 3,458,712 |
Total Money Market Funds (Cost: $3,458,712) | 3,458,712 | |
Total Investments (Cost: $82,983,077) | 107,818,915 | |
Obligation to Return Collateral for Securities Loaned | (1,505,875) | |
Other Assets & Liabilities, Net | (90,805) | |
Net Assets | $106,222,235 |
Columbia Acorn Family of Funds | Annual Report 2017 | 77 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, December 31, 2017
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2017. The total market value of securities on loan at December 31, 2017 was $1,444,123. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2017. |
(d) | Investment made with cash collateral received from securities lending activity. |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
¦ | Level 1 – quoted prices in active markets for identical securities |
¦ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
¦ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Brazil | 5,763,037 | — | — | 5,763,037 |
Cambodia | — | 3,486,248 | — | 3,486,248 |
Cayman Islands | 6,277,287 | 4,262,352 | — | 10,539,639 |
China | 7,505,507 | 4,780,445 | — | 12,285,952 |
Egypt | — | 1,031,434 | — | 1,031,434 |
Hong Kong | — | 5,749,198 | — | 5,749,198 |
India | — | 13,465,504 | — | 13,465,504 |
Indonesia | — | 6,189,703 | — | 6,189,703 |
Mexico | 5,000,232 | — | — | 5,000,232 |
Philippines | — | 1,484,415 | — | 1,484,415 |
Russian Federation | — | 1,246,410 | — | 1,246,410 |
78 | Columbia Acorn Family of Funds | Annual Report 2017 |
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Columbia Acorn Emerging Markets FundSM, December 31, 2017
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
South Africa | — | 7,541,667 | — | 7,541,667 |
South Korea | — | 12,688,995 | — | 12,688,995 |
Taiwan | — | 7,635,821 | — | 7,635,821 |
Thailand | — | 5,987,202 | — | 5,987,202 |
Turkey | — | 2,758,871 | — | 2,758,871 |
Total Common Stocks | 24,546,063 | 78,308,265 | — | 102,854,328 |
Securities Lending Collateral | 1,505,875 | — | — | 1,505,875 |
Money Market Funds | 3,458,712 | — | — | 3,458,712 |
Total Investments | 29,510,650 | 78,308,265 | — | 107,818,915 |
Columbia Acorn Family of Funds | Annual Report 2017 | 79 |
Table of Contents
Columbia Acorn European FundSM, December 31, 2017
Common Stocks 94.9% | ||
Issuer | Shares | Value ($) |
Australia 0.9% | ||
Domino’s Pizza Enterprises Ltd. Pizza delivery stores | 26,236 | 953,573 |
Belgium 1.1% | ||
Melexis NV Advanced integrated semiconductors, sensor ICs, and programmable sensor IC systems | 11,328 | 1,146,748 |
Denmark 4.7% | ||
ALK-Abello AS Pharmaceuticals for allergy vaccinations | 8,000 | 954,115 |
SimCorp AS Global provider of highly specialised software for the investment management industry | 40,716 | 2,318,398 |
William Demant Holding AS(a) Hearing aids, audiometers, tympanometers, diagnostic instruments, and wireless communication equipment | 56,417 | 1,577,570 |
Total | 4,850,083 | |
Finland 3.1% | ||
Ahlstrom-Munksjo Oyj Industrial paper | 66,959 | 1,459,791 |
Ahlstrom-Munksjo Oyj(b) Industrial paper | 81,220 | 1,755,471 |
Total | 3,215,262 | |
France 3.1% | ||
Akka Technologies High-technology engineering consulting services | 28,468 | 1,581,484 |
Elior Group SA Provides catering, cleaning, and facility management services | 38,012 | 785,609 |
Korian SA Healthcare facilities & medical establishments | 22,124 | 781,631 |
Total | 3,148,724 | |
Germany 24.7% | ||
AURELIUS Equity Opportunities SE & Co. KGaA Loans to distressed companies | 17,182 | 1,171,712 |
CTS Eventim AG & Co. KGaA Online ticket sales | 50,642 | 2,354,429 |
Deutsche Beteiligungs AG Private equity company, investing in domestic medium-sized companies | 19,672 | 1,108,116 |
Fielmann AG Prescription eyeglasses, specialty glasses, sunglasses, contact lenses, and optical supplies | 21,878 | 1,927,101 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 17,396 | 3,108,574 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 39,719 | 3,553,265 |
Norma Group SE Plastic and metal-based components and systems in connecting technology | 20,772 | 1,390,801 |
Rational AG Food preparation appliances/processors and kitchen accessories | 3,563 | 2,292,139 |
Stroeer SE & Co. KGaA Digital multi-channel media company | 37,274 | 2,746,498 |
Vapiano SE(a),(c) Chain of restaurants | 70,299 | 2,045,444 |
Wirecard AG Internet payment and processing services | 32,300 | 3,589,899 |
Total | 25,287,978 | |
Ireland 1.9% | ||
UDG Healthcare PLC Commercialisation solutions for health care companies | 167,169 | 1,903,183 |
Italy 3.9% | ||
Brembo SpA Braking systems and components | 164,845 | 2,505,989 |
Industria Macchine Automatiche SpA Packaging machinery for the food, pharmaceuticals, and cosmetics industries | 18,549 | 1,508,957 |
Total | 4,014,946 | |
Luxembourg 2.6% | ||
eDreams ODIGEO SA(a) Online travel company | 460,388 | 2,634,930 |
Malta 3.7% | ||
Kindred Group PLC Online gambling services | 267,905 | 3,834,166 |
Netherlands 1.9% | ||
Aalberts Industries NV Industrial services and flow control systems | 37,735 | 1,919,489 |
Norway 2.7% | ||
Atea ASA Nordic and Baltic supplier of IT infrastructure | 160,172 | 2,253,169 |
XXL ASA Multi-sports retail store | 49,387 | 511,277 |
Total | 2,764,446 |
80 | Columbia Acorn Family of Funds | Annual Report 2017 |
Table of Contents
Columbia Acorn European FundSM, December 31, 2017
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Spain 1.5% | ||
Prosegur Cia de Seguridad SA, Registered Shares Security and transportation services | 192,983 | 1,516,656 |
Sweden 9.5% | ||
Byggmax Group AB Discount provider of building materials | 169,627 | 1,137,312 |
NetEnt AB Computer gaming software | 251,342 | 1,731,153 |
Recipharm AB, B Shares(c) Contract development and manufacture of pharmaceuticals | 87,952 | 1,058,778 |
Sectra AB, B Shares Medical and communication systems | 109,397 | 2,293,802 |
Sweco AB, Class B Consulting company specializing in engineering, environmental technology, and architecture | 64,982 | 1,440,154 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 90,761 | 2,102,204 |
Total | 9,763,403 | |
Switzerland 4.7% | ||
Inficon Holding AG Vacuum instruments used to monitor and control production processes | 3,625 | 2,263,649 |
Partners Group Holding AG(c) Global private markets asset management firm | 3,779 | 2,590,561 |
Total | 4,854,210 | |
Turkey 1.6% | ||
Logo Yazilim Sanayi Ve Ticaret AS(a) Enterprise resource planning software | 105,919 | 1,641,668 |
United Kingdom 23.3% | ||
Ascential PLC Media and consultancy services | 294,357 | 1,526,646 |
Assura PLC Primary healthcare property group | 1,564,565 | 1,349,823 |
Big Yellow Group PLC Self-storage company | 111,007 | 1,303,173 |
Connect Group PLC Distribution of newspapers and magazines, and books | 197,388 | 298,484 |
Croda International PLC Chemicals and chemical products | 17,712 | 1,055,860 |
Domino’s Pizza Group PLC Pizza delivery stores | 450,122 | 2,100,932 |
DS Smith PLC Provides corrugated packaging services | 108,743 | 757,992 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 207,214 | 3,520,807 |
Hastings Group Holdings PLC General insurance services to the automobile and home insurance products | 307,577 | 1,328,881 |
Intermediate Capital Group PLC Private equity firm | 75,792 | 1,170,295 |
Polypipe Group PLC Plastic piping systems | 191,479 | 1,016,522 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 562,861 | 2,411,390 |
Rightmove PLC Website that lists properties across Britain | 29,893 | 1,814,079 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 17,832 | 1,348,184 |
WH Smith PLC Retails books, magazines, newspapers, and periodicals | 90,889 | 2,880,094 |
Total | 23,883,162 | |
Total Common Stocks (Cost: $74,521,269) | 97,332,627 |
Preferred Stocks 1.3% | |||
Issuer | Coupon Rate | Shares | Value ($) |
Germany 1.3% | |||
Sartorius AG Precision electronic equipment and components | — | 14,034 | 1,333,122 |
Total Preferred Stocks (Cost: $1,384,144) | 1,333,122 |
Securities Lending Collateral 2.8% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 1.190%(d),(e) | 2,892,531 | 2,892,531 |
Total Securities Lending Collateral (Cost: $2,892,531) | 2,892,531 | |
Columbia Acorn Family of Funds | Annual Report 2017 | 81 |
Table of Contents
Columbia Acorn European FundSM, December 31, 2017
Money Market Funds 5.2% | ||
Shares | Value ($) | |
JPMorgan U.S. Government Money Market Fund, IM Shares, 1.192%(d) | 5,272,202 | 5,272,202 |
Total Money Market Funds (Cost: $5,272,202) | 5,272,202 | |
Total Investments (Cost: $84,070,146) | 106,830,482 | |
Obligation to Return Collateral for Securities Loaned | (2,892,531) | |
Other Assets & Liabilities, Net | (1,380,528) | |
Net Assets | $102,557,423 |
(a) | Non-income producing security. |
(b) | Security is traded on a Swedish exchange. |
(c) | All or a portion of this security was on loan at December 31, 2017. The total market value of securities on loan at December 31, 2017 was $2,762,415. |
(d) | The rate shown is the seven-day current annualized yield at December 31, 2017. |
(e) | Investment made with cash collateral received from securities lending activity. |
¦ | Level 1 – quoted prices in active markets for identical securities |
¦ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
¦ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
82 | Columbia Acorn Family of Funds | Annual Report 2017 |
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Columbia Acorn European FundSM, December 31, 2017
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2017:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments | ||||
Common Stocks | ||||
Australia | — | 953,573 | — | 953,573 |
Belgium | — | 1,146,748 | — | 1,146,748 |
Denmark | — | 4,850,083 | — | 4,850,083 |
Finland | — | 3,215,262 | — | 3,215,262 |
France | — | 3,148,724 | — | 3,148,724 |
Germany | — | 25,287,978 | — | 25,287,978 |
Ireland | — | 1,903,183 | — | 1,903,183 |
Italy | — | 4,014,946 | — | 4,014,946 |
Luxembourg | — | 2,634,930 | — | 2,634,930 |
Malta | — | 3,834,166 | — | 3,834,166 |
Netherlands | — | 1,919,489 | — | 1,919,489 |
Norway | — | 2,764,446 | — | 2,764,446 |
Spain | — | 1,516,656 | — | 1,516,656 |
Sweden | — | 9,763,403 | — | 9,763,403 |
Switzerland | — | 4,854,210 | — | 4,854,210 |
Turkey | — | 1,641,668 | — | 1,641,668 |
United Kingdom | — | 23,883,162 | — | 23,883,162 |
Total Common Stocks | — | 97,332,627 | — | 97,332,627 |
Preferred Stocks | ||||
Germany | — | 1,333,122 | — | 1,333,122 |
Total Preferred Stocks | — | 1,333,122 | — | 1,333,122 |
Securities Lending Collateral | 2,892,531 | — | — | 2,892,531 |
Money Market Funds | 5,272,202 | — | — | 5,272,202 |
Total Investments | 8,164,733 | 98,665,749 | — | 106,830,482 |
Columbia Acorn Family of Funds | Annual Report 2017 | 83 |
Table of Contents
December 31, 2017
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Assets | ||||
Investments in unaffiliated issuers, at cost | $3,343,839,258 | $3,292,075,107 | $263,850,755 | $94,852,211 |
Investments in affiliated issuers, at cost | 24,580,987 | — | — | — |
Investments in unaffiliated issuers, at value (including securities on loan: $35,927,492, 125,615,479, 3,128,036 and 5,681,155, respectively) | 4,650,220,117 | 5,035,302,321 | 330,021,967 | 136,456,784 |
Investments in affiliated issuers, at value | 23,079,229 | — | — | — |
Receivable for: | ||||
Investments sold | 21,590,773 | 3,398,701 | 864,280 | — |
Capital shares sold | 1,504,375 | 4,838,289 | 149,393 | 329,478 |
Regulatory settlements (Note 7) | — | — | — | 33,279 |
Dividends | 1,892,550 | 5,070,556 | 151,971 | 49,205 |
Securities lending income | 25,078 | 24,368 | 2,475 | 224 |
Foreign tax reclaims | — | 2,980,068 | 193 | 65,904 |
Expense reimbursement due from Investment Manager | — | — | — | 474 |
Prepaid expenses | 94,491 | 98,727 | 6,686 | 2,453 |
Trustees’ deferred compensation plan | 3,203,749 | 1,577,980 | 311,456 | — |
Total assets | 4,701,610,362 | 5,053,291,010 | 331,508,421 | 136,937,801 |
Liabilities | ||||
Due to custodian | 277,081 | — | — | — |
Due upon return of securities on loan | 37,208,360 | 131,643,758 | 3,283,375 | 5,961,556 |
Payable for: | ||||
Investments purchased | 9,918,141 | 3,549,268 | 40,227 | — |
Capital shares purchased | 11,907,502 | 8,358,000 | 5,095,481 | 54,818 |
Foreign capital gains taxes deferred | — | — | — | 14,814 |
Investment advisory fee | 85,941 | 103,083 | 8,346 | 3,186 |
Distribution and/or service fees | 12,601 | 5,147 | 606 | 317 |
Transfer agent fees | 423,757 | 471,114 | 28,368 | 11,810 |
Administration fees | 6,038 | 6,328 | 426 | 168 |
Trustees’ fees | 12,331 | 12,510 | 1,924 | 53,867 |
Compensation of chief compliance officer | 7,229 | 7,506 | 801 | 174 |
Other expenses | 373,916 | 574,912 | 59,813 | 42,287 |
Trustees’ deferred compensation plan | 3,203,749 | 1,577,980 | 311,456 | — |
Other liabilities | — | 21,401 | — | — |
Total liabilities | 63,436,646 | 146,331,007 | 8,830,823 | 6,142,997 |
Net assets applicable to outstanding capital stock | $4,638,173,716 | $4,906,960,003 | $322,677,598 | $130,794,804 |
Represented by | ||||
Paid in capital | 3,137,690,010 | 3,041,875,892 | 246,699,051 | 95,755,312 |
Undistributed (excess of distributions over) net investment income | (2,220,754) | 4,411,242 | (254,453) | (53,622) |
Accumulated net realized gain (loss) | 197,825,359 | 117,314,526 | 10,061,788 | (6,500,696) |
Unrealized appreciation (depreciation) on: | ||||
Investments - unaffiliated issuers | 1,306,380,859 | 1,743,227,214 | 66,171,212 | 41,604,573 |
Investments - affiliated issuers | (1,501,758) | — | — | — |
Foreign currency translations | — | 131,129 | — | 4,051 |
Foreign capital gains tax | — | — | — | (14,814) |
Total - representing net assets applicable to outstanding capital stock | $4,638,173,716 | $4,906,960,003 | $322,677,598 | $130,794,804 |
84 | Columbia Acorn Family of Funds | Annual Report 2017 |
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December 31, 2017
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Class A | ||||
Net assets | $830,453,904 | $465,829,790 | $47,959,906 | $26,335,763 |
Shares outstanding | 64,264,622 | 10,016,089 | 3,842,664 | 911,546 |
Net asset value per share(a) | $12.92 | $46.51 | $12.48 | $28.89 |
Maximum offering price per share(b) | $13.71 | $49.35 | $13.24 | $30.65 |
Advisor Class(c) | ||||
Net assets | $38,587,545 | $99,578,069 | $16,354,747 | $1,820,332 |
Shares outstanding | 2,402,202 | 2,120,998 | 1,016,837 | 61,790 |
Net asset value per share(d) | $16.06 | $46.95 | $16.08 | $29.46 |
Class C | ||||
Net assets | $246,449,676 | $63,787,452 | $9,802,468 | $5,026,983 |
Shares outstanding | 37,432,288 | 1,431,137 | 1,495,177 | 187,235 |
Net asset value per share(a) | $6.58 | $44.57 | $6.56 | $26.85 |
Institutional Class(e) | ||||
Net assets | $3,407,214,054 | $3,116,383,483 | $189,408,217 | $89,266,371 |
Shares outstanding | 221,458,807 | 66,925,208 | 12,455,486 | 3,052,280 |
Net asset value per share(d) | $15.39 | $46.57 | $15.21 | $29.25 |
Institutional 2 Class(f) | ||||
Net assets | $67,932,344 | $422,916,456 | $10,132,867 | $613,805 |
Shares outstanding | 4,193,532 | 9,086,725 | 625,210 | 20,846 |
Net asset value per share(d) | $16.20 | $46.54 | $16.21 | $29.44 |
Institutional 3 Class(g) | ||||
Net assets | $47,536,193 | $725,247,067 | $49,019,393 | $7,731,550 |
Shares outstanding | 2,909,525 | 15,446,492 | 2,997,137 | 262,788 |
Net asset value per share(d) | $16.34 | $46.95 | $16.36 | $29.42 |
Class R | ||||
Net assets | $— | $13,217,686 | $— | $— |
Shares outstanding | — | 284,187 | — | — |
Net asset value per share(d) | $— | $46.51 | $— | $— |
(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) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(d) | Redemption price per share is equal to net asset value. |
(e) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(f) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(g) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
Columbia Acorn Family of Funds | Annual Report 2017 | 85 |
Table of Contents
December 31, 2017
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Assets | ||||
Investments in unaffiliated issuers, at cost | $225,426,664 | $1,910,983 | $82,983,077 | $84,070,146 |
Investments in affiliated issuers, at cost | — | 828,051,082 | — | — |
Investments in unaffiliated issuers, at value (including securities on loan: $—, —, 1,444,123 and 2,762,415, respectively) | 308,092,917 | 1,910,983 | 107,818,915 | 106,830,482 |
Investments in affiliated issuers, at value | — | 856,813,897 | — | — |
Receivable for: | ||||
Investments sold | 1,262,926 | 2,391,940 | 13 | 58,802 |
Capital shares sold | 131,377 | 968,787 | 44,473 | 612,894 |
Dividends | 184,971 | 1,638,418 | 180,675 | 59,462 |
Securities lending income | — | — | 4,755 | 4,626 |
Foreign tax reclaims | — | — | 10,776 | 80,242 |
Expense reimbursement due from Investment Manager | — | 136 | 786 | 1,134 |
Prepaid expenses | 6,163 | 18,312 | 2,027 | 1,703 |
Trustees’ deferred compensation plan | 260,013 | — | — | — |
Other assets | — | — | — | 2,739 |
Total assets | 309,938,367 | 863,742,473 | 108,062,420 | 107,652,084 |
Liabilities | ||||
Due upon return of securities on loan | — | — | 1,505,875 | 2,892,531 |
Payable for: | ||||
Investments purchased | — | 1,638,418 | 31,867 | 1,989,431 |
Capital shares purchased | 706,046 | 2,529,778 | 166,346 | 153,284 |
Foreign capital gains taxes deferred | — | — | 33,847 | — |
Investment advisory fee | 5,560 | 2,360 | 3,587 | 3,309 |
Distribution and/or service fees | 1,354 | 8,657 | 657 | 603 |
Transfer agent fees | 30,591 | 76,379 | 12,363 | 8,511 |
Administration fees | 402 | 1,109 | 136 | 131 |
Trustees’ fees | 811 | 171,456 | 34,560 | 8,180 |
Compensation of chief compliance officer | 473 | 1,514 | 158 | 94 |
Other expenses | 55,181 | 81,756 | 48,843 | 38,587 |
Trustees’ deferred compensation plan | 260,013 | — | — | — |
Other liabilities | — | — | 1,946 | — |
Total liabilities | 1,060,431 | 4,511,427 | 1,840,185 | 5,094,661 |
Net assets applicable to outstanding capital stock | $308,877,936 | $859,231,046 | $106,222,235 | $102,557,423 |
Represented by | ||||
Paid in capital | 203,204,712 | 821,658,915 | 163,858,627 | 88,174,431 |
Undistributed (excess of distributions over) net investment income | (231,199) | 731,622 | (572,645) | (202,643) |
Accumulated net realized gain (loss) | 23,238,170 | 8,077,694 | (81,866,145) | (8,177,711) |
Unrealized appreciation (depreciation) on: | ||||
Investments - unaffiliated issuers | 82,666,253 | — | 24,835,838 | 22,760,336 |
Investments - affiliated issuers | — | 28,762,815 | — | — |
Foreign currency translations | — | — | 407 | 3,010 |
Foreign capital gains tax | — | — | (33,847) | — |
Total - representing net assets applicable to outstanding capital stock | $308,877,936 | $859,231,046 | $106,222,235 | $102,557,423 |
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December 31, 2017
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Class A | ||||
Net assets | $106,329,974 | $257,752,361 | $33,982,215 | $32,486,521 |
Shares outstanding | 7,275,357 | 17,614,443 | 2,566,875 | 1,685,907 |
Net asset value per share(a) | $14.62 | $14.63 | $13.24 | $19.27 |
Maximum offering price per share(b) | $15.51 | $15.52 | $14.05 | $20.45 |
Advisor Class(c) | ||||
Net assets | $5,589,599 | $16,226,545 | $1,336,981 | $2,942,394 |
Shares outstanding | 325,249 | 1,118,814 | 99,932 | 151,958 |
Net asset value per share(d) | $17.19 | $14.50 | $13.38 | $19.36 |
Class C | ||||
Net assets | $22,558,622 | $250,783,960 | $15,545,602 | $13,965,075 |
Shares outstanding | 2,351,967 | 17,019,023 | 1,187,827 | 730,421 |
Net asset value per share(a) | $9.59 | $14.74 | $13.09 | $19.12 |
Institutional Class(e) | ||||
Net assets | $157,663,840 | $320,483,190 | $53,415,034 | $48,965,011 |
Shares outstanding | 9,530,372 | 22,215,139 | 4,017,934 | 2,541,227 |
Net asset value per share(d) | $16.54 | $14.43 | $13.29 | $19.27 |
Institutional 2 Class(f) | ||||
Net assets | $1,734,914 | $13,464,394 | $1,030,171 | $3,988,146 |
Shares outstanding | 100,420 | 927,432 | 76,965 | 204,890 |
Net asset value per share(d) | $17.28 | $14.52 | $13.38 | $19.46 |
Institutional 3 Class(g) | ||||
Net assets | $15,000,987 | $520,596 | $912,232 | $210,276 |
Shares outstanding | 860,446 | 35,914 | 68,726 | 10,970 |
Net asset value per share(d) | $17.43 | $14.50 | $13.27 | $19.17 |
(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) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(d) | Redemption price per share is equal to net asset value. |
(e) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(f) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(g) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
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Year Ended December 31, 2017
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Net investment income | ||||
Income: | ||||
Dividends — unaffiliated issuers | $42,132,788 | $96,832,015 | $3,973,872 | $1,919,026 |
Income from securities lending — net | 3,183,634 | 1,619,814 | 452,239 | 30,101 |
Foreign taxes withheld | (38,556) | (9,208,984) | (30,468) | (216,850) |
Total income | 45,277,866 | 89,242,845 | 4,395,643 | 1,732,277 |
Expenses: | ||||
Investment advisory fee | 31,741,253 | 37,729,491 | 4,463,500 | 1,035,732 |
Distribution and/or service fees | ||||
Class A | 2,162,306 | 1,265,450 | 149,631 | 55,225 |
Class B(a) | — | 1,526 | — | — |
Class C | 2,729,135 | 642,236 | 111,462 | 46,893 |
Class R | — | 53,251 | — | — |
Transfer agent fees | ||||
Class A | 691,048 | 533,170 | 86,521 | 29,491 |
Advisor Class(b) | 29,223 | 105,644 | 18,885 | 1,953 |
Class B(a) | — | 211 | — | — |
Class C | 216,635 | 66,069 | 16,241 | 6,243 |
Institutional Class(c) | 2,769,995 | 3,571,183 | 504,951 | 114,128 |
Institutional 2 Class(d) | 30,615 | 207,834 | 4,558 | 318 |
Institutional 3 Class(e) | 68 | 240 | 19 | 12 |
Class R | — | 11,213 | — | — |
Administration fees | 2,222,205 | 2,306,975 | 231,229 | 54,465 |
Trustees’ fees | 456,449 | 469,502 | 53,543 | 10,557 |
Custodian fees | 43,104 | 763,192 | 14,100 | 22,244 |
Printing and postage fees | 339,797 | 432,591 | 51,437 | 30,411 |
Registration fees | 114,121 | 145,350 | 90,801 | 90,337 |
Audit fees | 124,798 | 177,306 | 42,158 | 55,237 |
Legal fees | 875,736 | 898,537 | 97,685 | 21,333 |
Compensation of chief compliance officer | 14,750 | 14,432 | 1,838 | 321 |
Other | 255,539 | 331,837 | 46,942 | 25,670 |
Total expenses | 44,816,777 | 49,727,240 | 5,985,501 | 1,600,570 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | — | — | — | (165,619) |
Fees waived by transfer agent | ||||
Class A | (103,938) | (141,368) | (3,418) | — |
Advisor Class(b) | (4,529) | (4,348) | (1,276) | — |
Class B(a) | — | (211) | — | — |
Class C | (31,581) | (9,193) | (751) | — |
Institutional Class(c) | (422,922) | (151,535) | (8,865) | — |
Institutional 2 Class(d) | (4,859) | (17,538) | (120) | (56) |
Institutional 3 Class(e) | (68) | (240) | (19) | (12) |
Class R | — | (515) | — | — |
Expense reduction | (10,206) | (10,492) | (1,720) | (816) |
Total net expenses | 44,238,674 | 49,391,800 | 5,969,332 | 1,434,067 |
Net investment income (loss) | 1,039,192 | 39,851,045 | (1,573,689) | 298,210 |
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Year Ended December 31, 2017
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Realized and unrealized gain (loss) — net | ||||
Net realized gain (loss) on: | ||||
Investments — unaffiliated issuers | $1,178,101,659 | $452,786,613 | $212,473,392 | $8,209,957 |
Investments — affiliated issuers | (1,002,159) | — | — | — |
Foreign currency translations | 5,907 | (897,730) | — | (17,399) |
Futures contracts | (846,958) | — | (111,277) | — |
Net realized gain | 1,176,258,449 | 451,888,883 | 212,362,115 | 8,192,558 |
Net change in unrealized appreciation (depreciation) on: | ||||
Investments — unaffiliated issuers | (106,824,734) | 879,901,697 | (119,147,241) | 26,154,093 |
Investments — affiliated issuers | (3,247,118) | — | — | — |
Foreign currency translations | — | 446,749 | — | 10,577 |
Foreign capital gains tax | — | — | — | (3,652) |
Net change in unrealized appreciation (depreciation) | (110,071,852) | 880,348,446 | (119,147,241) | 26,161,018 |
Net realized and unrealized gain | 1,066,186,597 | 1,332,237,329 | 93,214,874 | 34,353,576 |
Net increase in net assets resulting from operations | $1,067,225,789 | $1,372,088,374 | $91,641,185 | $34,651,786 |
(a) | Effective July 17, 2017, Class B shares were automatically converted to Class A shares. |
(b) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(c) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(d) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(e) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
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Year Ended December 31, 2017
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM(a) | |
Net investment income | ||||
Income: | ||||
Dividends — unaffiliated issuers | $2,954,990 | $16,841 | $1,860,453 | $1,431,772 |
Dividends — affiliated issuers | — | 21,576,982 | — | — |
Interest | — | — | — | 167 |
Income from securities lending — net | 5,639 | — | 13,164 | 52,695 |
Foreign taxes withheld | — | — | (165,183) | (127,115) |
Total income | 2,960,629 | 21,593,823 | 1,708,434 | 1,357,519 |
Expenses: | ||||
Investment advisory fee | 2,640,268 | 977,373 | 1,288,662 | 800,001 |
Distribution and/or service fees | ||||
Class A | 274,273 | 770,365 | 89,673 | 58,156 |
Class C | 241,033 | 2,944,899 | 155,232 | 101,990 |
Transfer agent fees | ||||
Class A | 137,636 | 247,759 | 51,008 | 25,912 |
Advisor Class(b) | 2,738 | 12,303 | 1,704 | 999 |
Class C | 30,029 | 238,192 | 21,913 | 11,281 |
Institutional Class(c) | 195,117 | 283,129 | 70,476 | 33,801 |
Institutional 2 Class(d) | 789 | 7,052 | 567 | 1,389 |
Institutional 3 Class(e) | 10 | 28 | 13 | 15 |
Administration fees | 145,346 | 457,272 | 48,634 | 31,480 |
Trustees’ fees | 30,017 | 98,928 | 9,991 | 5,394 |
Custodian fees | 4,238 | 2,652 | 80,656 | 37,385 |
Printing and postage fees | 57,676 | 97,569 | 28,663 | 20,436 |
Registration fees | 88,630 | 110,901 | 88,190 | 82,208 |
Audit fees | 41,801 | 23,768 | 60,559 | 40,820 |
Legal fees | 58,111 | 187,361 | 18,698 | 11,602 |
Compensation of chief compliance officer | 950 | 3,180 | 313 | 161 |
Other | 34,837 | 62,668 | 32,490 | 33,574 |
Total expenses | 3,983,499 | 6,525,399 | 2,047,442 | 1,296,604 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (621,240) | (367,668) | (314,962) | (257,322) |
Fees waived by transfer agent | ||||
Class A | (16,920) | — | — | — |
Advisor Class(b) | (437) | — | — | — |
Class C | (3,522) | — | — | — |
Institutional Class(c) | (25,172) | — | — | — |
Institutional 2 Class(d) | (114) | (778) | (99) | (197) |
Institutional 3 Class(e) | (10) | (28) | (13) | (15) |
Expense reduction | (1,847) | (680) | (80) | (20) |
Total net expenses | 3,314,237 | 6,156,245 | 1,732,288 | 1,039,050 |
Net investment income (loss) | (353,608) | 15,437,578 | (23,854) | 318,469 |
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Year Ended December 31, 2017
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM(a) | |
Realized and unrealized gain (loss) — net | ||||
Net realized gain (loss) on: | ||||
Investments — unaffiliated issuers | $40,516,594 | $— | $5,008,488 | $2,108,520 |
Investments — affiliated issuers | — | 14,222,008 | — | — |
Capital gain distributions from underlying affiliated funds | — | 9,432,065 | — | — |
Foreign currency translations | — | — | (49,155) | 4,917 |
Net realized gain | 40,516,594 | 23,654,073 | 4,959,333 | 2,113,437 |
Net change in unrealized appreciation (depreciation) on: | ||||
Investments — unaffiliated issuers | 32,742,921 | — | 26,106,868 | 17,434,649 |
Investments — affiliated issuers | — | 10,450,897 | — | — |
Foreign currency translations | — | — | 106 | 8,899 |
Foreign capital gains tax | — | — | (25,658) | — |
Net change in unrealized appreciation (depreciation) | 32,742,921 | 10,450,897 | 26,081,316 | 17,443,548 |
Net realized and unrealized gain | 73,259,515 | 34,104,970 | 31,040,649 | 19,556,985 |
Net increase in net assets resulting from operations | $72,905,907 | $49,542,548 | $31,016,795 | $19,875,454 |
(a) | Institutional 3 Class shares are based on operations from March 1, 2017 (commencement of operations) through the stated period end. |
(b) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(c) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(d) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(e) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
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Columbia Acorn® Fund | Columbia Acorn International® | |||
Year Ended December 31, 2017 | Year Ended December 31, 2016 | Year Ended December 31, 2017 | Year Ended December 31, 2016 | |
Operations | ||||
Net investment income (loss) | $1,039,192 | $(2,693,471) | $39,851,045 | $63,212,029 |
Net realized gain (loss) | 1,176,258,449 | 1,510,848,459 | 451,888,883 | (14,787,593) |
Net change in unrealized appreciation (depreciation) | (110,071,852) | (1,031,158,606) | 880,348,446 | (171,914,114) |
Net increase (decrease) in net assets resulting from operations | 1,067,225,789 | 476,996,382 | 1,372,088,374 | (123,489,678) |
Distributions to shareholders | ||||
Net investment income | ||||
Class A | — | — | (7,118,778) | (2,294,349) |
Advisor Class(a) | — | — | (1,687,012) | (643,271) |
Class B(b) | — | — | (2,069) | — |
Class C | — | — | (387,660) | — |
Class I(c) | — | — | — | (250,719) |
Institutional Class(d) | — | — | (57,030,081) | (22,632,732) |
Institutional 2 Class(e) | — | — | (7,070,007) | (2,042,254) |
Institutional 3 Class(f) | — | — | (8,860,457) | (1,616,789) |
Class R | — | — | (149,105) | (1,758) |
Net realized gains | ||||
Class A | (198,597,993) | (355,213,879) | (23,914,812) | (4,791,671) |
Advisor Class(a) | (7,546,403) | (10,648,130) | (5,256,918) | (3,192,056) |
Class B(b) | — | — | — | (6,422) |
Class C | (98,221,494) | (162,765,900) | (3,412,394) | (553,766) |
Class I(c) | — | (6,394,000) | — | (367,390) |
Institutional Class(d) | (708,224,553) | (1,202,301,687) | (160,560,346) | (27,548,483) |
Institutional 2 Class(e) | (13,004,610) | (15,236,759) | (21,942,004) | (2,010,528) |
Institutional 3 Class(f) | (11,007,435) | (25,706,160) | (35,892,439) | (1,662,627) |
Class R | — | — | (676,321) | (30,861) |
Total distributions to shareholders | (1,036,602,488) | (1,778,266,515) | (333,960,403) | (69,645,676) |
Decrease in net assets from capital stock activity | (221,183,341) | (1,063,279,983) | (784,106,134) | (1,887,104,246) |
Total increase (decrease) in net assets | (190,560,040) | (2,364,550,116) | 254,021,837 | (2,080,239,600) |
Net assets at beginning of year | 4,828,733,756 | 7,193,283,872 | 4,652,938,166 | 6,733,177,766 |
Net assets at end of year | $4,638,173,716 | $4,828,733,756 | $4,906,960,003 | $4,652,938,166 |
Undistributed (excess of distributions over) net investment income | $(2,220,754) | $(3,783,993) | $4,411,242 | $30,644,829 |
(a) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(b) | Effective July 17, 2017, Class B shares were automatically converted to Class A shares. |
(c) | Effective March 27, 2017, Class I shares were redeemed or exchanged for Institutional 3 Class shares. |
(d) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(e) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(f) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
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Columbia Acorn USA® | Columbia Acorn International SelectSM | |||
Year Ended December 31, 2017 | Year Ended December 31, 2016 | Year Ended December 31, 2017 | Year Ended December 31, 2016 | |
Operations | ||||
Net investment income (loss) | $(1,573,689) | $(2,585,435) | $298,210 | $727,712 |
Net realized gain | 212,362,115 | 173,306,331 | 8,192,558 | 406,852 |
Net change in unrealized appreciation (depreciation) | (119,147,241) | (116,920,216) | 26,161,018 | (727,228) |
Net increase in net assets resulting from operations | 91,641,185 | 53,800,680 | 34,651,786 | 407,336 |
Distributions to shareholders | ||||
Net investment income | ||||
Class A | — | — | (9,521) | (128,440) |
Advisor Class(a) | — | — | (4,562) | (10,361) |
Class I(b) | — | — | — | (21) |
Institutional Class(c) | — | — | (228,058) | (688,337) |
Institutional 2 Class(d) | — | — | (1,921) | (4,257) |
Institutional 3 Class(e) | — | — | (26,734) | (3,239) |
Net realized gains | ||||
Class A | (15,531,538) | (32,380,146) | — | — |
Advisor Class(a) | (4,118,797) | (2,636,761) | — | — |
Class C | (4,827,537) | (6,855,670) | — | — |
Class I(b) | — | (535) | — | — |
Institutional Class(c) | (61,910,319) | (176,812,357) | — | — |
Institutional 2 Class(d) | (3,183,971) | (6,082,950) | — | — |
Institutional 3 Class(e) | (12,346,845) | (13,772,136) | — | — |
Return of capital | ||||
Class A | — | — | — | (21,491) |
Advisor Class(a) | — | — | — | (1,231) |
Class I(b) | — | — | — | (2) |
Institutional Class(c) | — | — | — | (79,155) |
Institutional 2 Class(d) | — | — | — | (474) |
Institutional 3 Class(e) | — | — | — | (333) |
Total distributions to shareholders | (101,919,007) | (238,540,555) | (270,796) | (937,341) |
Decrease in net assets from capital stock activity | (310,665,005) | (129,621,627) | (3,597,759) | (38,779,298) |
Total increase (decrease) in net assets | (320,942,827) | (314,361,502) | 30,783,231 | (39,309,303) |
Net assets at beginning of year | 643,620,425 | 957,981,927 | 100,011,573 | 139,320,876 |
Net assets at end of year | $322,677,598 | $643,620,425 | $130,794,804 | $100,011,573 |
Excess of distributions over net investment income | $(254,453) | $(324,258) | $(53,622) | $(76,287) |
(a) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(b) | Effective March 27, 2017, Class I shares were redeemed or exchanged for Institutional 3 Class shares. |
(c) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(d) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(e) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
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Columbia Acorn SelectSM | Columbia Thermostat FundSM | |||
Year Ended December 31, 2017 | Year Ended December 31, 2016 | Year Ended December 31, 2017 | Year Ended December 31, 2016 | |
Operations | ||||
Net investment income (loss) | $(353,608) | $(636,264) | $15,437,578 | $13,815,474 |
Net realized gain | 40,516,594 | 51,359,334 | 23,654,073 | 6,455,376 |
Net change in unrealized appreciation (depreciation) | 32,742,921 | (13,696,714) | 10,450,897 | 27,501,996 |
Net increase in net assets resulting from operations | 72,905,907 | 37,026,356 | 49,542,548 | 47,772,846 |
Distributions to shareholders | ||||
Net investment income | ||||
Class A | — | — | (9,278,829) | (2,065,216) |
Advisor Class(a) | — | — | (559,209) | (116,893) |
Class C | — | — | (5,769,999) | (1,254,586) |
Institutional Class(b) | — | — | (12,343,315) | (2,661,104) |
Institutional 2 Class(c) | — | — | (468,756) | (93,729) |
Institutional 3 Class(d) | — | — | (17,424) | (3,227) |
Net realized gains | ||||
Class A | (13,531,635) | (20,956,929) | (3,927,704) | (7,330,165) |
Advisor Class(a) | (268,631) | (137,648) | (231,441) | (270,622) |
Class C | (4,068,306) | (6,613,573) | (3,875,776) | (6,807,442) |
Class I(e) | — | (3,413,863) | — | — |
Institutional Class(b) | (17,384,449) | (23,230,145) | (4,913,074) | (6,421,250) |
Institutional 2 Class(c) | (135,711) | (169,378) | (192,959) | (227,023) |
Institutional 3 Class(d) | (2,568,205) | (675,691) | (7,159) | (6,939) |
Total distributions to shareholders | (37,956,937) | (55,197,227) | (41,585,645) | (27,258,196) |
Decrease in net assets from capital stock activity | (34,460,018) | (72,642,815) | (256,152,474) | (15,113,859) |
Total increase (decrease) in net assets | 488,952 | (90,813,686) | (248,195,571) | 5,400,791 |
Net assets at beginning of year | 308,388,984 | 399,202,670 | 1,107,426,617 | 1,102,025,826 |
Net assets at end of year | $308,877,936 | $308,388,984 | $859,231,046 | $1,107,426,617 |
Undistributed (excess of distributions over) net investment income | $(231,199) | $(319,341) | $731,622 | $13,506,415 |
(a) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(b) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(c) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(d) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
(e) | Effective March 27, 2017, Class I shares were redeemed or exchanged for Institutional 3 Class shares. |
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Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||
Year Ended December 31, 2017 | Year Ended December 31, 2016 | Year Ended December 31, 2017 (a) | Year Ended December 31, 2016 | |
Operations | ||||
Net investment income (loss) | $(23,854) | $(284,926) | $318,469 | $590,637 |
Net realized gain (loss) | 4,959,333 | (45,598,080) | 2,113,437 | (4,579,308) |
Net change in unrealized appreciation (depreciation) | 26,081,316 | 36,302,688 | 17,443,548 | 1,960,685 |
Net increase (decrease) in net assets resulting from operations | 31,016,795 | (9,580,318) | 19,875,454 | (2,027,986) |
Distributions to shareholders | ||||
Net investment income | ||||
Class A | — | (194,500) | (276,319) | (259,174) |
Advisor Class(b) | — | (9,157) | (26,878) | (4,237) |
Class C | — | — | (21,994) | (14,070) |
Class I(c) | — | (15) | — | (29) |
Institutional Class(d) | — | (333,824) | (555,415) | (127,499) |
Institutional 2 Class(e) | — | (6,632) | (51,520) | (14,327) |
Institutional 3 Class(f) | — | (14) | (2,414) | — |
Return of capital | ||||
Class A | — | (199,268) | — | — |
Advisor Class(b) | — | (5,302) | — | — |
Class I(c) | — | (8) | — | — |
Institutional Class(d) | — | (196,472) | — | — |
Institutional 2 Class(e) | — | (3,262) | — | — |
Institutional 3 Class(f) | — | (7) | — | — |
Total distributions to shareholders | — | (948,461) | (934,540) | (419,336) |
Increase (decrease) in net assets from capital stock activity | (30,554,959) | (159,031,334) | 37,264,196 | (13,086,756) |
Total increase (decrease) in net assets | 461,836 | (169,560,113) | 56,205,110 | (15,534,078) |
Net assets at beginning of year | 105,760,399 | 275,320,512 | 46,352,313 | 61,886,391 |
Net assets at end of year | $106,222,235 | $105,760,399 | $102,557,423 | $46,352,313 |
Undistributed (excess of distributions over) net investment income | $(572,645) | $(1,216,803) | $(202,643) | $55,698 |
(a) | Institutional 3 Class shares are based on operations from March 1, 2017 (commencement of operations) through the stated period end. |
(b) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(c) | Effective March 27, 2017, Class I shares were redeemed or exchanged for Institutional 3 Class shares. |
(d) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(e) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(f) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
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Columbia Acorn® Fund | Columbia Acorn International® | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2017 | December 31, 2016 | December 31, 2017 | December 31, 2016 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A(a) | ||||||||
Subscriptions | 5,214,954 | 73,286,260 | 4,853,520 | 75,803,085 | 1,610,233 | 69,246,137 | 1,974,708 | 75,655,038 |
Distributions reinvested | 13,895,471 | 179,901,741 | 22,814,791 | 328,819,766 | 650,590 | 29,823,976 | 175,532 | 6,887,710 |
Redemptions | (24,594,980) | (349,452,663) | (36,704,218) | (594,559,320) | (7,526,663) | (320,009,215) | (7,659,549) | (295,352,503) |
Net decrease | (5,484,555) | (96,264,662) | (9,035,907) | (189,936,469) | (5,265,840) | (220,939,102) | (5,509,309) | (212,809,755) |
Advisor Class(b) | ||||||||
Subscriptions | 1,188,440 | 20,475,315 | 495,492 | 9,093,680 | 507,657 | 22,001,991 | 2,310,115 | 89,193,756 |
Distributions reinvested | 404,423 | 6,463,098 | 568,047 | 9,572,736 | 149,964 | 6,941,523 | 95,799 | 3,833,333 |
Redemptions | (1,298,639) | (22,111,783) | (1,492,520) | (27,409,512) | (1,218,557) | (52,979,195) | (12,076,499) | (488,580,771) |
Net increase (decrease) | 294,224 | 4,826,630 | (428,981) | (8,743,096) | (560,936) | (24,035,681) | (9,670,585) | (395,553,682) |
Class B(a) | ||||||||
Distributions reinvested | — | — | — | — | 48 | 2,052 | 166 | 6,407 |
Redemptions | — | — | (93,870) | (1,194,420) | (13,438) | (556,263) | (29,829) | (1,084,349) |
Net decrease | — | — | (93,870) | (1,194,420) | (13,390) | (554,211) | (29,663) | (1,077,942) |
Class C | ||||||||
Subscriptions | 1,151,804 | 9,081,597 | 2,850,481 | 28,830,261 | 90,241 | 3,793,139 | 88,146 | 3,250,023 |
Distributions reinvested | 14,018,509 | 94,772,247 | 15,224,608 | 142,292,662 | 83,543 | 3,674,876 | 12,938 | 497,985 |
Redemptions | (13,966,397) | (120,313,372) | (16,527,105) | (189,293,788) | (526,608) | (21,906,351) | (670,819) | (24,917,914) |
Net increase (decrease) | 1,203,916 | (16,459,528) | 1,547,984 | (18,170,865) | (352,824) | (14,438,336) | (569,735) | (21,169,906) |
Class I(c) | ||||||||
Subscriptions | — | — | 2,241,456 | 40,012,558 | — | — | 2,023,643 | 76,814,214 |
Distributions reinvested | — | — | 384,162 | 6,393,601 | — | — | 15,790 | 618,080 |
Redemptions | (704,360) | (11,413,339) | (3,318,699) | (60,309,700) | (587,108) | (24,144,151) | (2,841,410) | (108,946,434) |
Net decrease | (704,360) | (11,413,339) | (693,081) | (13,903,541) | (587,108) | (24,144,151) | (801,977) | (31,514,140) |
Institutional Class(d) | ||||||||
Subscriptions | 11,660,704 | 189,841,275 | 12,510,656 | 225,203,283 | 7,013,514 | 296,426,276 | 10,938,039 | 423,737,709 |
Distributions reinvested | 41,736,204 | 640,071,038 | 65,323,103 | 1,066,953,832 | 3,676,468 | 168,682,272 | 1,012,550 | 39,453,071 |
Redemptions | (55,995,598) | (919,152,154) | (115,579,393) | (2,071,442,868) | (32,696,730) | (1,462,774,955) | (41,785,744) | (1,603,157,736) |
Net decrease | (2,598,690) | (89,239,841) | (37,745,634) | (779,285,753) | (22,006,748) | (997,666,407) | (29,835,155) | (1,139,966,956) |
Institutional 2 Class(e) | ||||||||
Subscriptions | 1,892,132 | 34,420,349 | 904,623 | 16,475,579 | 4,209,934 | 183,599,629 | 2,366,752 | 90,215,384 |
Distributions reinvested | 809,341 | 13,002,370 | 896,900 | 15,226,488 | 525,236 | 24,092,915 | 103,055 | 4,001,510 |
Redemptions | (1,361,035) | (23,541,410) | (2,784,189) | (50,798,909) | (3,251,747) | (145,206,557) | (3,057,775) | (116,417,523) |
Net increase (decrease) | 1,340,438 | 23,881,309 | (982,666) | (19,096,842) | 1,483,423 | 62,485,987 | (587,968) | (22,200,629) |
Institutional 3 Class(c),(f) | ||||||||
Subscriptions | 3,152,141 | 55,149,044 | 631,619 | 11,532,036 | 14,596,689 | 678,353,931 | 1,867,415 | 72,910,693 |
Distributions reinvested | 669,887 | 11,007,435 | 1,502,317 | 25,706,160 | 964,050 | 44,705,035 | 83,697 | 3,278,372 |
Redemptions | (5,871,346) | (102,670,389) | (3,702,598) | (70,187,193) | (6,419,328) | (294,475,318) | (3,723,583) | (138,860,801) |
Net increase (decrease) | (2,049,318) | (36,513,910) | (1,568,662) | (32,948,997) | 9,141,411 | 428,583,648 | (1,772,471) | (62,671,736) |
Class R | ||||||||
Subscriptions | — | — | — | — | 247,904 | 10,356,515 | 42,672 | 1,642,911 |
Distributions reinvested | — | — | — | — | 17,022 | 780,530 | 704 | 28,080 |
Redemptions | — | — | — | — | (103,693) | (4,534,926) | (46,971) | (1,810,491) |
Net increase (decrease) | — | — | — | — | 161,233 | 6,602,119 | (3,595) | (139,500) |
Total net decrease | (7,998,345) | (221,183,341) | (49,000,817) | (1,063,279,983) | (18,000,779) | (784,106,134) | (48,780,458) | (1,887,104,246) |
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(a) | Effective July 17, 2017, Class B shares were automatically converted to Class A shares. |
(b) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(c) | Effective March 27, 2017, Class I shares were redeemed or exchanged for Institutional 3 Class shares. |
(d) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(e) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(f) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
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Columbia Acorn USA® | Columbia Acorn International SelectSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2017 | December 31, 2016 | December 31, 2017 | December 31, 2016 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 488,025 | 7,442,932 | 570,239 | 10,137,511 | 433,475 | 11,022,848 | 144,898 | 3,073,366 |
Distributions reinvested | 1,137,099 | 14,397,674 | 1,919,989 | 30,640,598 | 318 | 9,147 | 6,931 | 145,542 |
Redemptions | (3,181,282) | (49,739,118) | (1,785,208) | (32,134,125) | (466,338) | (11,345,132) | (791,209) | (16,621,178) |
Net increase (decrease) | (1,556,158) | (27,898,512) | 705,020 | 8,643,984 | (32,545) | (313,137) | (639,380) | (13,402,270) |
Advisor Class(a) | ||||||||
Subscriptions | 591,993 | 11,469,434 | 182,950 | 4,045,095 | 22,202 | 594,789 | 37,828 | 786,212 |
Distributions reinvested | 255,091 | 4,118,796 | 139,452 | 2,636,761 | 156 | 4,554 | 541 | 11,569 |
Redemptions | (174,410) | (3,344,051) | (338,183) | (6,985,619) | (11,360) | (303,363) | (28,908) | (628,248) |
Net increase (decrease) | 672,674 | 12,244,179 | (15,781) | (303,763) | 10,998 | 295,980 | 9,461 | 169,533 |
Class B | ||||||||
Redemptions | — | — | (1,541) | (21,538) | — | — | (984) | (18,165) |
Net decrease | — | — | (1,541) | (21,538) | — | — | (984) | (18,165) |
Class C | ||||||||
Subscriptions | 99,275 | 974,077 | 117,283 | 1,391,102 | 27,511 | 676,101 | 14,021 | 278,937 |
Distributions reinvested | 703,494 | 4,761,201 | 573,317 | 6,404,572 | — | — | — | — |
Redemptions | (510,499) | (5,076,159) | (566,118) | (7,483,741) | (57,659) | (1,371,955) | (66,643) | (1,312,570) |
Net increase (decrease) | 292,270 | 659,119 | 124,482 | 311,933 | (30,148) | (695,854) | (52,622) | (1,033,633) |
Class I(b) | ||||||||
Redemptions | (70) | (1,266) | — | — | (92) | (2,211) | — | — |
Net decrease | (70) | (1,266) | — | — | (92) | (2,211) | — | — |
Institutional Class(c) | ||||||||
Subscriptions | 1,272,209 | 22,899,278 | 2,044,441 | 42,076,329 | 632,322 | 15,614,831 | 496,718 | 10,632,273 |
Distributions reinvested | 3,701,495 | 58,121,333 | 9,206,155 | 166,971,786 | 5,869 | 170,675 | 25,779 | 547,806 |
Redemptions | (21,166,533) | (389,628,621) | (17,240,685) | (343,518,307) | (992,393) | (25,627,432) | (1,578,100) | (33,618,763) |
Net decrease | (16,192,829) | (308,608,010) | (5,990,089) | (134,470,192) | (354,202) | (9,841,926) | (1,055,603) | (22,438,684) |
Institutional 2 Class(d) | ||||||||
Subscriptions | 494,678 | 10,218,003 | 204,798 | 4,201,531 | 6,125 | 155,951 | 6,007 | 129,000 |
Distributions reinvested | 194,941 | 3,183,608 | 314,491 | 6,082,419 | 65 | 1,913 | 220 | 4,710 |
Redemptions | (828,227) | (15,512,332) | (939,630) | (19,229,210) | (5,576) | (139,156) | (90,410) | (1,874,479) |
Net increase (decrease) | (138,608) | (2,110,721) | (420,341) | (8,945,260) | 614 | 18,708 | (84,183) | (1,740,769) |
Institutional 3 Class(b),(e) | ||||||||
Subscriptions | 540,484 | 10,276,457 | 160,115 | 3,363,597 | 268,318 | 7,467,361 | 9,194 | 207,948 |
Distributions reinvested | 694,408 | 11,402,230 | 722,739 | 13,771,606 | 914 | 26,725 | 166 | 3,550 |
Redemptions | (340,563) | (6,628,481) | (591,947) | (11,971,994) | (21,261) | (553,405) | (24,953) | (526,808) |
Net increase (decrease) | 894,329 | 15,050,206 | 290,907 | 5,163,209 | 247,971 | 6,940,681 | (15,593) | (315,310) |
Total net decrease | (16,028,392) | (310,665,005) | (5,307,343) | (129,621,627) | (157,404) | (3,597,759) | (1,838,904) | (38,779,298) |
(a) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(b) | Effective March 27, 2017, Class I shares were redeemed or exchanged for Institutional 3 Class shares. |
(c) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(d) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(e) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
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Columbia Acorn SelectSM | Columbia Thermostat FundSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2017 | December 31, 2016 | December 31, 2017 | December 31, 2016 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 831,684 | 11,552,003 | 504,342 | 6,690,492 | 1,609,689 | 23,841,063 | 8,041,017 | 116,448,340 |
Distributions reinvested | 859,784 | 11,678,407 | 1,437,616 | 19,010,001 | 840,860 | 12,338,875 | 598,148 | 8,686,416 |
Redemptions | (3,504,699) | (48,437,824) | (3,388,242) | (45,317,466) | (12,154,415) | (179,914,818) | (8,433,395) | (122,528,839) |
Net increase (decrease) | (1,813,231) | (25,207,414) | (1,446,284) | (19,616,973) | (9,703,866) | (143,734,880) | 205,770 | 2,605,917 |
Advisor Class(a) | ||||||||
Subscriptions | 297,546 | 4,898,165 | 20,875 | 314,488 | 565,162 | 8,354,290 | 628,375 | 9,077,683 |
Distributions reinvested | 16,388 | 268,631 | 9,104 | 137,648 | 54,380 | 790,505 | 26,865 | 387,442 |
Redemptions | (45,047) | (730,797) | (32,975) | (491,350) | (582,985) | (8,576,681) | (803,020) | (11,457,488) |
Net increase (decrease) | 268,887 | 4,435,999 | (2,996) | (39,214) | 36,557 | 568,114 | (147,780) | (1,992,363) |
Class B | ||||||||
Redemptions | — | — | (26,947) | (277,346) | — | — | (20,546) | (294,082) |
Net decrease | — | — | (26,947) | (277,346) | — | — | (20,546) | (294,082) |
Class C | ||||||||
Subscriptions | 86,931 | 825,976 | 247,884 | 2,349,868 | 1,107,876 | 16,440,929 | 3,516,437 | 51,108,804 |
Distributions reinvested | 428,882 | 3,895,445 | 573,270 | 5,430,627 | 536,248 | 7,916,684 | 433,622 | 6,322,208 |
Redemptions | (1,148,372) | (11,025,586) | (1,129,045) | (11,022,448) | (7,807,143) | (116,029,441) | (6,071,444) | (88,504,045) |
Net decrease | (632,559) | (6,304,165) | (307,891) | (3,241,953) | (6,163,019) | (91,671,828) | (2,121,385) | (31,073,033) |
Class I(b) | ||||||||
Subscriptions | — | — | 2,747,662 | 39,487,939 | — | — | — | — |
Distributions reinvested | — | — | 231,745 | 3,413,645 | — | — | — | — |
Redemptions | (738,244) | (11,402,065) | (3,993,682) | (59,895,103) | — | — | — | — |
Net decrease | (738,244) | (11,402,065) | (1,014,275) | (16,993,519) | — | — | — | — |
Institutional Class(c) | ||||||||
Subscriptions | 1,381,191 | 21,252,498 | 573,558 | 8,420,465 | 8,573,428 | 125,070,056 | 7,615,049 | 109,081,660 |
Distributions reinvested | 1,040,184 | 15,939,038 | 1,406,945 | 20,616,589 | 844,055 | 12,217,159 | 426,415 | 6,116,187 |
Redemptions | (2,758,485) | (43,032,113) | (4,164,970) | (61,166,990) | (10,927,093) | (160,162,349) | (7,344,820) | (105,190,921) |
Net increase (decrease) | (337,110) | (5,840,577) | (2,184,467) | (32,129,936) | (1,509,610) | (22,875,134) | 696,644 | 10,006,926 |
Institutional 2 Class(d) | ||||||||
Subscriptions | 61,419 | 987,353 | 34,905 | 518,997 | 385,136 | 5,673,263 | 641,667 | 9,116,272 |
Distributions reinvested | 8,423 | 135,545 | 11,146 | 169,161 | 45,470 | 661,715 | 22,173 | 319,988 |
Redemptions | (37,575) | (614,799) | (35,794) | (532,564) | (333,143) | (4,893,764) | (264,332) | (3,843,375) |
Net increase | 32,267 | 508,099 | 10,257 | 155,594 | 97,463 | 1,441,214 | 399,508 | 5,592,885 |
Institutional 3 Class(b),(e) | ||||||||
Subscriptions | 1,808,898 | 29,600,372 | 86,025 | 1,305,072 | 36,425 | 537,605 | 4,847 | 70,136 |
Distributions reinvested | 161,019 | 2,568,039 | 44,223 | 675,474 | 1,683 | 24,446 | 701 | 10,096 |
Redemptions | (1,396,136) | (22,818,306) | (162,905) | (2,480,014) | (29,767) | (442,011) | (2,796) | (40,341) |
Net increase (decrease) | 573,781 | 9,350,105 | (32,657) | (499,468) | 8,341 | 120,040 | 2,752 | 39,891 |
Total net decrease | (2,646,209) | (34,460,018) | (5,005,260) | (72,642,815) | (17,234,134) | (256,152,474) | (985,037) | (15,113,859) |
(a) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(b) | Effective March 27, 2017, Class I shares were redeemed or exchanged for Institutional 3 Class shares. |
(c) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(d) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(e) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
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Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2017 | December 31, 2016 | December 31, 2017 (a) | December 31, 2016 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 441,162 | 5,127,794 | 511,014 | 5,151,768 | 1,140,391 | 20,187,059 | 614,988 | 8,800,628 |
Distributions reinvested | — | — | 38,980 | 390,579 | 14,776 | 276,319 | 18,095 | 259,128 |
Redemptions | (2,868,148) | (31,102,071) | (4,201,955) | (43,044,856) | (1,330,219) | (21,179,443) | (1,508,418) | (21,629,960) |
Net decrease | (2,426,986) | (25,974,277) | (3,651,961) | (37,502,509) | (175,052) | (716,065) | (875,335) | (12,570,204) |
Advisor Class(b) | ||||||||
Subscriptions | 47,248 | 568,561 | 48,605 | 497,849 | 126,977 | 2,378,990 | 6,570 | 97,107 |
Distributions reinvested | — | — | 1,429 | 14,438 | 1,412 | 26,840 | 296 | 4,213 |
Redemptions | (78,974) | (905,107) | (253,438) | (2,611,137) | (1,986) | (33,180) | (8,873) | (126,268) |
Net increase (decrease) | (31,726) | (336,546) | (203,404) | (2,098,850) | 126,403 | 2,372,650 | (2,007) | (24,948) |
Class C | ||||||||
Subscriptions | 86,043 | 990,408 | 87,820 | 876,756 | 337,990 | 5,828,257 | 189,633 | 2,692,628 |
Distributions reinvested | — | — | — | — | 1,230 | 21,994 | 926 | 14,070 |
Redemptions | (483,515) | (5,492,520) | (752,453) | (7,590,091) | (117,103) | (1,947,925) | (175,620) | (2,481,569) |
Net increase (decrease) | (397,472) | (4,502,112) | (664,633) | (6,713,335) | 222,117 | 3,902,326 | 14,939 | 225,129 |
Class I(c) | ||||||||
Distributions reinvested | — | — | 2 | 23 | — | — | 2 | 29 |
Redemptions | (205) | (2,252) | — | — | (173) | (2,700) | — | — |
Net increase (decrease) | (205) | (2,252) | 2 | 23 | (173) | (2,700) | 2 | 29 |
Institutional Class(d) | ||||||||
Subscriptions | 2,164,060 | 23,600,425 | 1,761,120 | 18,169,951 | 2,162,206 | 36,835,519 | 767,402 | 10,950,673 |
Distributions reinvested | — | — | 50,737 | 508,887 | 29,529 | 554,395 | 8,898 | 126,581 |
Redemptions | (2,100,848) | (24,137,744) | (12,253,429) | (119,474,532) | (454,340) | (7,965,911) | (770,123) | (10,997,473) |
Net increase (decrease) | 63,212 | (537,319) | (10,441,572) | (100,795,694) | 1,737,395 | 29,424,003 | 6,177 | 79,781 |
Institutional 2 Class(e) | ||||||||
Subscriptions | 34,601 | 400,968 | 79,534 | 799,097 | 283,318 | 5,035,710 | 13,780 | 200,355 |
Distributions reinvested | — | — | 966 | 9,749 | 2,733 | 51,481 | 997 | 14,301 |
Redemptions | (38,991) | (455,733) | (1,224,039) | (12,729,815) | (169,753) | (2,999,705) | (68,695) | (1,011,199) |
Net increase (decrease) | (4,390) | (54,765) | (1,143,539) | (11,920,969) | 116,298 | 2,087,486 | (53,918) | (796,543) |
Institutional 3 Class(f) | ||||||||
Subscriptions | 72,757 | 905,959 | — | — | 11,313 | 202,597 | — | — |
Distributions reinvested | — | — | — | — | 126 | 2,367 | — | — |
Redemptions | (4,221) | (53,647) | — | — | (469) | (8,468) | — | — |
Net increase | 68,536 | 852,312 | — | — | 10,970 | 196,496 | — | — |
Total net increase (decrease) | (2,729,031) | (30,554,959) | (16,105,107) | (159,031,334) | 2,037,958 | 37,264,196 | (910,142) | (13,086,756) |
(a) | Institutional 3 Class shares are based on operations from March 1, 2017 (commencement of operations) through the stated period end. |
(b) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(c) | Effective March 27, 2017, Class I shares were redeemed or exchanged for Institutional 3 Class shares. |
(d) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(e) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(f) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
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Columbia Acorn Family of Funds | Annual Report 2017 | 101 |
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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 | ||||||
12/31/2017 | $13.35 | (0.02) | 3.23 | 3.21 | — | (3.64) |
12/31/2016 | $17.63 | (0.03) | 1.73 | 1.70 | — | (5.98) |
12/31/2015 | $30.30 | (0.12) | (0.27) (d) | (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) |
Advisor Class(e) | ||||||
12/31/2017 | $15.83 | 0.02 | 3.85 | 3.87 | — | (3.64) |
12/31/2016 | $19.84 | 0.00 (f) | 1.97 | 1.97 | — | (5.98) |
12/31/2015 | $32.51 | (0.07) | (0.32) (d) | (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) |
Class C | ||||||
12/31/2017 | $8.34 | (0.08) | 1.96 | 1.88 | — | (3.64) |
12/31/2016 | $13.16 | (0.11) | 1.27 | 1.16 | — | (5.98) |
12/31/2015 | $25.92 | (0.27) | (0.21) (d) | (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) |
Institutional Class(g) | ||||||
12/31/2017 | $15.29 | 0.02 | 3.72 | 3.74 | — | (3.64) |
12/31/2016 | $19.34 | 0.01 | 1.92 | 1.93 | — | (5.98) |
12/31/2015 | $31.95 | (0.04) | (0.29) (d) | (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) |
Institutional 2 Class(h) | ||||||
12/31/2017 | $15.94 | 0.02 | 3.88 | 3.90 | — | (3.64) |
12/31/2016 | $19.92 | 0.01 | 1.99 | 2.00 | — | (5.98) |
12/31/2015 | $32.55 | (0.04) | (0.31) (d) | (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) |
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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) |
(3.64) | $12.92 | 24.91% | 1.09% | 1.08% (b) | (0.13%) | 72% | $830,454 |
(5.98) | $13.35 | 10.06% | 1.10% (c) | 1.10% (c) | (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 |
(3.64) | $16.06 | 25.19% | 0.84% | 0.83% (b) | 0.12% | 72% | $38,588 |
(5.98) | $15.83 | 10.32% | 0.89% (c) | 0.89% (c) | — | 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 |
(3.64) | $6.58 | 23.88% | 1.84% | 1.83% (b) | (0.88%) | 72% | $246,450 |
(5.98) | $8.34 | 9.29% | 1.84% (c) | 1.84% (c) | (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 |
(3.64) | $15.39 | 25.24% | 0.84% | 0.83% (b) | 0.12% | 72% | $3,407,214 |
(5.98) | $15.29 | 10.39% | 0.82% (c) | 0.82% (c) | 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 |
(3.64) | $16.20 | 25.21% | 0.82% | 0.81% | 0.14% | 72% | $67,932 |
(5.98) | $15.94 | 10.43% | 0.81% (c) | 0.81% (c) | 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 |
Columbia Acorn Family of Funds | Annual Report 2017 | 103 |
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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 |
Institutional 3 Class(i) | ||||||
12/31/2017 | $16.04 | 0.03 | 3.91 | 3.94 | — | (3.64) |
12/31/2016 | $20.00 | 0.02 | 2.00 | 2.02 | — | (5.98) |
12/31/2015 | $32.61 | (0.02) | (0.31) (d) | (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) |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(c) | Ratios include line of credit interest expense which is less than 0.01%. |
(d) | 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. |
(e) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(f) | Rounds to zero. |
(g) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(h) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(i) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
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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) |
(3.64) | $16.34 | 25.31% | 0.76% | 0.76% | 0.19% | 72% | $47,536 |
(5.98) | $16.04 | 10.50% | 0.76% (c) | 0.76% (c) | 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 |
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Columbia Acorn International®
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 | ||||||
12/31/2017 | $37.71 | 0.25 | 11.71 | 11.96 | (0.67) | (2.49) |
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) |
Advisor Class(d) | ||||||
12/31/2017 | $38.03 | 0.36 | 11.82 | 12.18 | (0.77) | (2.49) |
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) |
Class C | ||||||
12/31/2017 | $36.18 | (0.06) | 11.20 | 11.14 | (0.26) | (2.49) |
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) |
Institutional Class(e) | ||||||
12/31/2017 | $37.74 | 0.37 | 11.73 | 12.10 | (0.78) | (2.49) |
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) |
Institutional 2 Class(f) | ||||||
12/31/2017 | $37.72 | 0.38 | 11.72 | 12.10 | (0.79) | (2.49) |
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) |
Institutional 3 Class(g) | ||||||
12/31/2017 | $38.02 | 0.40 | 11.83 | 12.23 | (0.81) | (2.49) |
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) |
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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) |
(3.16) | — | $46.51 | 31.91% (b) | 1.23% | 1.20% (c) | 0.56% | 37% | $465,830 |
(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 |
(3.26) | — | $46.95 | 32.21% | 0.98% | 0.98% (c) | 0.81% | 37% | $99,578 |
(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 |
(2.75) | — | $44.57 | 30.93% (b) | 1.98% | 1.97% (c) | (0.15%) | 37% | $63,787 |
(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 |
(3.27) | — | $46.57 | 32.24% | 0.98% | 0.98% (c) | 0.85% | 37% | $3,116,383 |
(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 |
(3.28) | — | $46.54 | 32.27% | 0.93% | 0.93% | 0.87% | 37% | $422,916 |
(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 |
(3.30) | — | $46.95 | 32.36% | 0.88% | 0.88% | 0.89% | 37% | $725,247 |
(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 |
Columbia Acorn Family of Funds | Annual Report 2017 | 107 |
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Columbia Acorn International®
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 R | ||||||
12/31/2017 | $37.71 | 0.21 | 11.63 | 11.84 | (0.55) | (2.49) |
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) |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(e) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(f) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(g) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
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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) |
(3.04) | — | $46.51 | 31.58% | 1.49% | 1.48% (c) | 0.46% | 37% | $13,218 |
(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 |
Columbia Acorn Family of Funds | Annual Report 2017 | 109 |
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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 realized gains |
Class A | |||||
12/31/2017 | $14.95 | (0.09) | 2.84 | 2.75 | (5.22) |
12/31/2016 | $20.25 | (0.11) | 2.43 | 2.32 | (7.62) |
12/31/2015 | $29.13 | (0.18) | (0.18) (d) | (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) |
Advisor Class(e) | |||||
12/31/2017 | $17.93 | (0.06) | 3.43 | 3.37 | (5.22) |
12/31/2016 | $22.85 | (0.07) | 2.77 | 2.70 | (7.62) |
12/31/2015 | $31.70 | (0.13) | (0.20) (d) | (0.33) | (8.52) |
12/31/2014 | $36.55 | (0.11) | 1.30 | 1.19 | (6.04) |
12/31/2013 | $29.92 | 0.00 (f) | 9.63 | 9.63 | (3.00) |
Class C | |||||
12/31/2017 | $10.05 | (0.13) | 1.86 | 1.73 | (5.22) |
12/31/2016 | $16.00 | (0.18) | 1.85 | 1.67 | (7.62) |
12/31/2015 | $24.98 | (0.33) | (0.13) (d) | (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) |
Institutional Class(g) | |||||
12/31/2017 | $17.20 | (0.05) | 3.28 | 3.23 | (5.22) |
12/31/2016 | $22.19 | (0.07) | 2.70 | 2.63 | (7.62) |
12/31/2015 | $31.03 | (0.12) | (0.20) (d) | (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) |
Institutional 2 Class(h) | |||||
12/31/2017 | $18.02 | (0.03) | 3.44 | 3.41 | (5.22) |
12/31/2016 | $22.90 | (0.06) | 2.80 | 2.74 | (7.62) |
12/31/2015 | $31.71 | (0.10) | (0.19) (d) | (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) |
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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) |
(5.22) | $12.48 | 19.14% (b) | 1.44% | 1.43% (c) | (0.55%) | 84% | $47,960 |
(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 |
(5.22) | $16.08 | 19.42% (b) | 1.21% | 1.20% (c) | (0.31%) | 84% | $16,355 |
(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 |
(5.22) | $6.56 | 18.30% (b) | 2.19% | 2.19% (c) | (1.31%) | 84% | $9,802 |
(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 |
(5.22) | $15.21 | 19.44% (b) | 1.16% | 1.16% (c) | (0.27%) | 84% | $189,408 |
(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 |
(5.22) | $16.21 | 19.56% (b) | 1.08% | 1.08% | (0.17%) | 84% | $10,133 |
(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 |
Columbia Acorn Family of Funds | Annual Report 2017 | 111 |
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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 realized gains |
Institutional 3 Class(i) | |||||
12/31/2017 | $18.14 | (0.03) | 3.47 | 3.44 | (5.22) |
12/31/2016 | $22.99 | (0.04) | 2.81 | 2.77 | (7.62) |
12/31/2015 | $31.80 | (0.08) | (0.21) (d) | (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) |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | 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. |
(e) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(f) | Rounds to zero. |
(g) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(h) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(i) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
112 | Columbia Acorn Family of Funds | Annual Report 2017 |
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) |
(5.22) | $16.36 | 19.60% (b) | 1.05% | 1.05% | (0.17%) | 84% | $49,019 |
(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 |
Columbia Acorn Family of Funds | Annual Report 2017 | 113 |
Table of Contents
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 | |||||||
12/31/2017 | $21.36 | 0.02 | 7.52 | 7.54 | (0.01) | — | — |
12/31/2016 | $21.33 | 0.10 | 0.09 (d) | 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) | — |
Advisor Class(h) | |||||||
12/31/2017 | $21.77 | 0.08 | 7.68 | 7.76 | (0.07) | — | — |
12/31/2016 | $21.74 | 0.17 | 0.08 (d) | 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) | — |
Class C | |||||||
12/31/2017 | $19.99 | (0.15) | 7.01 | 6.86 | — | — | — |
12/31/2016 | $19.96 | (0.06) | 0.09 (d) | 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) | — |
Institutional Class(i) | |||||||
12/31/2017 | $21.61 | 0.09 | 7.62 | 7.71 | (0.07) | — | — |
12/31/2016 | $21.58 | 0.16 | 0.09 (d) | 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) | — |
Institutional 2 Class(j) | |||||||
12/31/2017 | $21.76 | 0.11 | 7.66 | 7.77 | (0.09) | — | — |
12/31/2016 | $21.72 | 0.16 | 0.11 (d) | 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) | — |
114 | Columbia Acorn Family of Funds | Annual Report 2017 |
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) |
(0.01) | — | $28.89 | 35.30% (b) | 1.54% | 1.40% (c) | 0.07% | 49% | $26,336 |
(0.16) | — | $21.36 | 0.90% (b) | 1.55% (e) | 1.48% (e) | 0.49% | 49% | $20,165 |
(0.43) | 0.00 (f) | $21.33 | (1.30%) (g) | 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 |
(0.07) | — | $29.46 | 35.67% (b) | 1.29% | 1.15% (c) | 0.30% | 49% | $1,820 |
(0.22) | — | $21.77 | 1.15% (b) | 1.29% (e) | 1.21% (e) | 0.77% | 49% | $1,106 |
(0.49) | 0.00 (f) | $21.74 | (1.00%) (g) | 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 |
— | — | $26.85 | 34.32% (b) | 2.29% | 2.15% (c) | (0.64%) | 49% | $5,027 |
— | — | $19.99 | 0.15% (b) | 2.31% (e) | 2.23% (e) | (0.29%) | 49% | $4,346 |
(0.16) | 0.00 (f) | $19.96 | (2.05%) (g) | 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 |
(0.07) | — | $29.25 | 35.70% (b) | 1.29% | 1.15% (c) | 0.36% | 49% | $89,266 |
(0.22) | — | $21.61 | 1.18% (b) | 1.26% (e) | 1.19% (e) | 0.74% | 49% | $73,631 |
(0.50) | 0.00 (f) | $21.58 | (1.03%) (g) | 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 |
(0.09) | — | $29.44 | 35.72% (b) | 1.22% | 1.08% | 0.41% | 49% | $614 |
(0.23) | — | $21.76 | 1.25% (b) | 1.23% (e) | 1.19% (e) | 0.76% | 49% | $440 |
(0.51) | 0.00 (f) | $21.72 | (0.94%) (g) | 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% (b) | 1.15% | 1.15% | 1.40% | 72% | $956 |
Columbia Acorn Family of Funds | Annual Report 2017 | 115 |
Table of Contents
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 |
Institutional 3 Class(k) | |||||||
12/31/2017 | $21.74 | (0.07) | 7.86 | 7.79 | (0.11) | — | — |
12/31/2016 | $21.71 | 0.16 | 0.12 (d) | 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) | — |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | 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. |
(e) | 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 the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | |
12/31/2016 | 0.06 % | 0.06 % | 0.06 % | 0.06 % | 0.04 % | 0.09 % |
(f) | Rounds to zero. |
(g) | The Fund received proceeds from regulatory settlements. Had the Fund not received these proceeds, the total return would have been lower by 0.02%. |
(h) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(i) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(j) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(k) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
116 | Columbia Acorn Family of Funds | Annual Report 2017 |
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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) |
(0.11) | — | $29.42 | 35.81% (b) | 1.17% | 1.03% | (0.24%) | 49% | $7,732 |
(0.25) | — | $21.74 | 1.29% (b) | 1.12% (e) | 1.04% (e) | 0.74% | 49% | $322 |
(0.52) | 0.00 (f) | $21.71 | (0.89%) (g) | 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 |
Columbia Acorn Family of Funds | Annual Report 2017 | 117 |
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 | ||||||
12/31/2017 | $13.13 | (0.03) | 3.31 | 3.28 | — | (1.79) |
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) |
Advisor Class(e) | ||||||
12/31/2017 | $15.13 | 0.01 | 3.84 | 3.85 | — | (1.79) |
12/31/2016 | $15.69 | (0.00) (f) | 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) |
Class C | ||||||
12/31/2017 | $9.22 | (0.09) | 2.25 | 2.16 | — | (1.79) |
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) |
Institutional Class(g) | ||||||
12/31/2017 | $14.63 | 0.01 | 3.69 | 3.70 | — | (1.79) |
12/31/2016 | $15.24 | (0.00) (f) | 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) |
Institutional 2 Class(h) | ||||||
12/31/2017 | $15.20 | 0.02 | 3.85 | 3.87 | — | (1.79) |
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) |
118 | Columbia Acorn Family of Funds | Annual Report 2017 |
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) |
(1.79) | $14.62 | 26.42% (b) | 1.37% | 1.16% (c) | (0.20%) | 41% | $106,330 |
(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% (d) | 1.22% (d) | (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% (d) | 1.31% (d) | (0.54%) | 20% | $333,193 |
(1.79) | $17.19 | 26.71% (b) | 1.14% | 0.91% (c) | 0.05% | 41% | $5,590 |
(2.33) | $15.13 | 11.86% (b) | 1.13% | 0.93% | (0.02%) | 75% | $853 |
(7.14) | $15.69 | (0.53%) (b) | 1.12% (d) | 0.99% (d) | (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% (d) | 1.02% (d) | (0.20%) | 20% | $1,383 |
(1.79) | $9.59 | 25.40% (b) | 2.12% | 1.91% (c) | (0.95%) | 41% | $22,559 |
(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% (d) | 1.95% (d) | (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% (d) | 2.04% (d) | (1.28%) | 20% | $61,537 |
(1.79) | $16.54 | 26.59% (b) | 1.13% | 0.91% (c) | 0.04% | 41% | $157,664 |
(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% (d) | 0.95% (d) | (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% (d) | 1.02% (d) | (0.26%) | 20% | $431,990 |
(1.79) | $17.28 | 26.72% (b) | 1.06% | 0.85% | 0.11% | 41% | $1,735 |
(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% (d) | 0.95% (d) | (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% (d) | 0.97% (d) | (0.13%) | 20% | $11,996 |
Columbia Acorn Family of Funds | Annual Report 2017 | 119 |
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 |
Institutional 3 Class(i) | ||||||
12/31/2017 | $15.31 | 0.02 | 3.89 | 3.91 | — | (1.79) |
12/31/2016 | $15.83 | 0.02 | 1.79 | 1.81 | — | (2.33) |
12/31/2015 | $22.86 | 0.00 (f) | 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) |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Ratios include line of credit interest expense which is less than 0.01%. |
(e) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(f) | Rounds to zero. |
(g) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(h) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(i) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
120 | Columbia Acorn Family of Funds | Annual Report 2017 |
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) |
(1.79) | $17.43 | 26.79% (b) | 1.00% | 0.80% | 0.15% | 41% | $15,001 |
(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% (d) | 0.85% (d) | 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% (d) | 0.93% (d) | (0.09%) | 20% | $4,847 |
Columbia Acorn Family of Funds | Annual Report 2017 | 121 |
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 | ||||||
12/31/2017 | $14.60 | 0.25 | 0.50 | 0.75 | (0.50) | (0.22) |
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) |
Advisor Class(d) | ||||||
12/31/2017 | $14.47 | 0.29 | 0.50 | 0.79 | (0.54) | (0.22) |
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) |
Class C | ||||||
12/31/2017 | $14.62 | 0.14 | 0.51 | 0.65 | (0.31) | (0.22) |
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) |
Institutional Class(e) | ||||||
12/31/2017 | $14.40 | 0.29 | 0.50 | 0.79 | (0.54) | (0.22) |
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) |
Institutional 2 Class(f) | ||||||
12/31/2017 | $14.49 | 0.29 | 0.50 | 0.79 | (0.54) | (0.22) |
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) |
Institutional 3 Class(g) | ||||||
12/31/2017 | $14.46 | 0.30 | 0.51 | 0.81 | (0.55) | (0.22) |
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) |
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 expense reductions had an impact of less than 0.01%. |
(d) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(e) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(f) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(g) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
122 | Columbia Acorn Family of Funds | Annual Report 2017 |
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) |
(0.72) | $14.63 | 5.19% | 0.54% | 0.50% (c) | 1.70% | 33% | $257,752 |
(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 |
(0.76) | $14.50 | 5.49% | 0.29% | 0.25% (c) | 1.98% | 33% | $16,227 |
(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 |
(0.53) | $14.74 | 4.48% | 1.29% | 1.25% (c) | 0.96% | 33% | $250,784 |
(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 |
(0.76) | $14.43 | 5.52% | 0.29% | 0.25% (c) | 1.97% | 33% | $320,483 |
(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 |
(0.76) | $14.52 | 5.51% | 0.26% | 0.23% | 1.97% | 33% | $13,464 |
(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 |
(0.77) | $14.50 | 5.64% | 0.21% | 0.18% | 2.04% | 33% | $521 |
(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 |
Columbia Acorn Family of Funds | Annual Report 2017 | 123 |
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 | ||||||
12/31/2017 | $9.84 | (0.02) | 3.42 | 3.40 | — | — |
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) | — |
Advisor Class(e) | ||||||
12/31/2017 | $9.92 | 0.02 | 3.44 | 3.46 | — | — |
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) | — |
Class C | ||||||
12/31/2017 | $9.80 | (0.09) | 3.38 | 3.29 | — | — |
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 | — | — |
Institutional Class(f) | ||||||
12/31/2017 | $9.85 | 0.03 | 3.41 | 3.44 | — | — |
12/31/2016 | $10.26 | (0.00) (g) | (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) | — |
Institutional 2 Class(h) | ||||||
12/31/2017 | $9.91 | 0.04 | 3.43 | 3.47 | — | — |
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) | — |
124 | Columbia Acorn Family of Funds | Annual Report 2017 |
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) |
— | $13.24 | 34.55% (b) | 1.98% | 1.70% (c) | (0.14%) | 47% | $33,982 |
(0.07) | $9.84 | (3.20%) (b) | 1.84% (d) | 1.84% (d) | (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 |
— | $13.38 | 34.88% (b) | 1.73% | 1.43% (c) | 0.19% | 47% | $1,337 |
(0.10) | $9.92 | (2.91%) | 1.57% (d) | 1.57% (d) | 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 |
— | $13.09 | 33.57% (b) | 2.74% | 2.43% (c) | (0.78%) | 47% | $15,546 |
— | $9.80 | (3.92%) (b) | 2.60% (d) | 2.59% (d) | (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 |
— | $13.29 | 34.92% (b) | 1.74% | 1.42% (c) | 0.28% | 47% | $53,415 |
(0.10) | $9.85 | (3.04%) (b) | 1.59% (d) | 1.58% (d) | (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 |
— | $13.38 | 35.02% (b) | 1.65% | 1.33% | 0.33% | 47% | $1,030 |
(0.11) | $9.91 | (2.90%) | 1.46% (d) | 1.46% (d) | (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 |
Columbia Acorn Family of Funds | Annual Report 2017 | 125 |
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 |
Institutional 3 Class(i) | ||||||
12/31/2017 | $9.82 | 0.02 | 3.43 | 3.45 | — | — |
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 (j) | $12.22 | 0.07 | 1.20 | 1.27 | (0.13) | — |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Ratios include line of credit interest expense which is less than 0.01%. |
(e) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(f) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(g) | Rounds to zero. |
(h) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(i) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
(j) | Institutional 3 Class shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
(k) | Annualized. |
126 | Columbia Acorn Family of Funds | Annual Report 2017 |
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) |
— | $13.27 | 35.13% (b) | 1.59% | 1.14% | 0.16% | 47% | $912 |
(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% (k) | 1.36% (k) | 0.97% (k) | 36% | $3 |
Columbia Acorn Family of Funds | Annual Report 2017 | 127 |
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 | ||||||
12/31/2017 | $14.12 | 0.06 | 5.28 | 5.34 | (0.19) | — |
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) |
Advisor Class(d) | ||||||
12/31/2017 | $14.18 | 0.10 | 5.32 | 5.42 | (0.24) | — |
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 C | ||||||
12/31/2017 | $13.99 | (0.04) | 5.21 | 5.17 | (0.04) | — |
12/31/2016 | $14.63 | 0.03 | (0.64) | (0.61) | (0.03) | — |
12/31/2015 | $14.16 | (0.00) (g) | 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) |
Institutional Class(h) | ||||||
12/31/2017 | $14.11 | 0.14 | 5.26 | 5.40 | (0.24) | — |
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) |
Institutional 2 Class(i) | ||||||
12/31/2017 | $14.25 | 0.20 | 5.25 | 5.45 | (0.24) | — |
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) |
Institutional 3 Class(j) | ||||||
12/31/2017 (k) | $15.02 | 0.03 | 4.40 | 4.43 | (0.28) | — |
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 expense reductions had an impact of less than 0.01%. |
(d) | Prior to November 1, 2017, Advisor Class shares were known as Class R4 shares. |
(e) | Advisor Class shares commenced operations on June 25, 2014. Per share data and total return reflect activity from that date. |
(f) | Annualized. |
(g) | Rounds to zero. |
(h) | Prior to November 1, 2017, Institutional Class shares were known as Class Z shares. |
(i) | Prior to November 1, 2017, Institutional 2 Class shares were known as Class R5 shares. |
(j) | Prior to November 1, 2017, Institutional 3 Class shares were known as Class Y shares. |
(k) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
128 | Columbia Acorn Family of Funds | Annual Report 2017 |
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) |
(0.19) | $19.27 | 37.89% | 1.94% | 1.58% (c) | 0.33% | 34% | $32,487 |
(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 |
(0.24) | $19.36 | 38.29% | 1.71% | 1.28% (c) | 0.55% | 34% | $2,942 |
(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 |
(0.04) | $19.12 | 36.95% | 2.69% | 2.31% (c) | (0.25%) | 34% | $13,965 |
(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 |
(0.24) | $19.27 | 38.35% | 1.69% | 1.29% (c) | 0.77% | 34% | $48,965 |
(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 |
(0.24) | $19.46 | 38.32% | 1.64% | 1.28% | 1.14% | 34% | $3,988 |
(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 |
(0.28) | $19.17 | 29.55% | 1.58% (f) | 1.09% (f) | 0.17% (f) | 34% | $210 |
Columbia Acorn Family of Funds | Annual Report 2017 | 129 |
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130 | Columbia Acorn Family of Funds | Annual Report 2017 |
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Columbia Acorn Family of Funds | Annual Report 2017 | 131 |
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December 31, 2017
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (846,958) |
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December 31, 2017
Derivative instrument | Average notional amounts ($)** |
Futures contracts — long | 1,543,835 |
** | Based on the ending daily outstanding amounts for the entire year ended December 31, 2017, however actual investments in futures were made only between November 29, 2017 and December 5, 2017. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (111,277) |
Derivative instrument | Average notional amounts ($)** |
Futures contracts — long | 150,447 |
** | Based on the ending daily outstanding amounts for the entire year ended December 31, 2017, however actual investments in futures were made only between November 29, 2017 and December 5, 2017. |
Columbia Acorn Family of Funds | Annual Report 2017 | 133 |
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December 31, 2017
Columbia Acorn Fund® | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||
Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | |||
Liabilities | ||||||||
Collateral on Securities loaned | 37,208,360 | 131,643,758 | 3,283,375 | 5,961,556 | 1,505,875 | 2,892,531 | ||
Total Liabilities | 37,208,360 | 131,643,758 | 3,283,375 | 5,961,556 | 1,505,875 | 2,892,531 | ||
Total Financial and Derivative Net Assets | (37,208,360) | (131,643,758) | (3,283,375) | (5,961,556) | (1,505,875) | (2,892,531) | ||
Financial Instruments | 35,927,492 | 125,615,479 | 3,128,036 | 5,681,155 | 1,444,123 | 2,762,415 | ||
Net Amount (a) | (1,280,868) | (6,028,279) | (155,339) | (280,401) | (61,752) | (130,116) |
(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 | $35,927,492 | $— | $— | $— | $35,927,492 |
Gross amount of recognized liabilities for securities lending (collateral received) | 37,208,360 | ||||
Amounts due to counterparty in the event of default | $1,280,868 | ||||
Columbia Acorn International® | |||||
Securities lending transactions | |||||
Equity securities | $125,615,479 | $— | $— | $— | $125,615,479 |
Gross amount of recognized liabilities for securities lending (collateral received) | 131,643,758 | ||||
Amounts due to counterparty in the event of default | $6,028,279 |
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Overnight and continuous | Up to 30 days | 30-90 days | Greater than 90 days | Total | |
Columbia Acorn USA® | |||||
Securities lending transactions | |||||
Equity securities | $3,128,036 | $— | $— | $— | $3,128,036 |
Gross amount of recognized liabilities for securities lending (collateral received) | 3,283,375 | ||||
Amounts due to counterparty in the event of default | $155,339 | ||||
Columbia Acorn International SelectSM | |||||
Securities lending transactions | |||||
Equity securities | $5,681,155 | $— | $— | $— | $5,681,155 |
Gross amount of recognized liabilities for securities lending (collateral received) | 5,961,556 | ||||
Amounts due to counterparty in the event of default | $280,401 | ||||
Columbia Acorn Emerging Markets FundSM | |||||
Securities lending transactions | |||||
Equity securities | $1,444,123 | $— | $— | $— | $1,444,123 |
Gross amount of recognized liabilities for securities lending (collateral received) | 1,505,875 | ||||
Amounts due to counterparty in the event of default | $61,752 | ||||
Columbia Acorn European FundSM | |||||
Securities lending transactions | |||||
Equity securities | $2,762,415 | $— | $— | $— | $2,762,415 |
Gross amount of recognized liabilities for securities lending (collateral received) | 2,892,531 | ||||
Amounts due to counterparty in the event of default | $130,116 |
Columbia Acorn Family of Funds | Annual Report 2017 | 135 |
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December 31, 2017
Columbia Acorn® Fund | |
Average daily net assets | Annual fee rate |
Up to $700 million | 0.74% |
$700 million to $2 billion | 0.69% |
$2 billion to $6 billion | 0.64% |
$6 billion and over | 0.63% |
Columbia Acorn International® | |
Average daily net assets | Annual fee rate |
Up to $100 million | 1.19% |
$100 million to $500 million | 0.94% |
$500 million and over | 0.74% |
Columbia Acorn USA® | |
Average daily net assets | Annual fee rate |
Up to $200 million | 0.94% |
$200 million to $500 million | 0.89% |
$500 million to $2 billion | 0.84% |
$2 billion to $3 billion | 0.80% |
$3 billion and over | 0.70% |
Columbia Acorn International SelectSM | |
Average daily net assets | Annual fee rate |
Up to $500 million | 0.89% |
$500 million and over | 0.85% |
Columbia Acorn SelectSM | |
Average daily net assets | Annual fee rate |
Up to $700 million | 0.85% |
$700 million to $2 billion | 0.80% |
$2 billion to $3 billion | 0.75% |
$3 billion and over | 0.70% |
Columbia Thermostat FundSM | |
Annual fee rate | |
All Average Daily Net Assets | 0.10% |
136 | Columbia Acorn Family of Funds | Annual Report 2017 |
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December 31, 2017
Columbia Acorn Emerging Markets FundSM | |
Average daily net assets | Annual fee rate |
Up to $100 million | 1.25% |
$100 million to $500 million | 1.00% |
$500 million and over | 0.80% |
Columbia Acorn European FundSM | |
Average daily net assets | Annual fee rate |
Up to $100 million | 1.19% |
$100 million to $500 million | 0.94% |
$500 million and over | 0.74% |
Fund | Effective investment advisory fee rate (%) |
Columbia Acorn® Fund | 0.67 |
Columbia Acorn International® | 0.77 |
Columbia Acorn USA® | 0.90 |
Columbia Acorn International SelectSM | 0.89 |
Columbia Acorn SelectSM | 0.65 |
Columbia Thermostat FundSM | 0.10 |
Columbia Acorn Emerging Markets FundSM | 1.24 |
Columbia Acorn European FundSM | 1.19 |
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% |
$45 billion and over | 0.015% |
Columbia Acorn Family of Funds | Annual Report 2017 | 137 |
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December 31, 2017
Fund | Purchases ($) | Sales ($) | Realized gain/(loss) from sale transactions ($) |
Columbia Acorn International® | — | 762,759 | 354,209 |
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December 31, 2017
Fund | Class A (%) | Advisor Class (%) | Class B (%) | Class C (%) | Institutional Class (%) | Institutional 2 Class (%) | Institutional 3 Class (%) | Class R (%) |
Columbia Acorn® Fund | 0.07 | 0.07 | — | 0.07 | 0.07 | 0.05 | — | — |
Columbia Acorn International® | 0.10 | 0.10 | — | 0.10 | 0.10 | 0.05 | — | 0.10 |
Columbia Acorn USA® | 0.14 | 0.14 | — | 0.14 | 0.14 | 0.05 | — | — |
Columbia Acorn International SelectSM | 0.13 | 0.13 | — | 0.13 | 0.13 | 0.05 | — | — |
Columbia Acorn SelectSM | 0.11 | 0.11 | — | 0.11 | 0.11 | 0.05 | — | — |
Columbia Thermostat FundSM | 0.08 | 0.08 | — | 0.08 | 0.08 | 0.05 | — | — |
Columbia Acorn Emerging Markets FundSM | 0.14 | 0.14 | — | 0.14 | 0.14 | 0.05 | — | — |
Columbia Acorn European FundSM | 0.11 | 0.11 | — | 0.11 | 0.11 | 0.05 | — | — |
Columbia Acorn Family of Funds | Annual Report 2017 | 139 |
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December 31, 2017
Fund | Amount ($) |
Columbia Acorn® Fund | 10,206 |
Columbia Acorn International® | 10,492 |
Columbia Acorn USA® | 1,720 |
Columbia Acorn International SelectSM | 816 |
Columbia Acorn SelectSM | 1,847 |
Columbia Thermostat FundSM | 680 |
Columbia Acorn Emerging Markets FundSM | 80 |
Columbia Acorn European FundSM | 20 |
Underwriting discounts ($) | CDSCs ($) | |||
Fund | Class A | Class A | Class B | Class C |
Columbia Acorn® Fund | 306,791 | 231 | — | 4,135 |
Columbia Acorn International® | 241,989 | 131 | — | 1,311 |
Columbia Acorn USA® | 33,124 | 21 | — | 172 |
Columbia Acorn International SelectSM | 53,340 | — | — | 303 |
Columbia Acorn SelectSM | 34,325 | 17 | — | 83 |
Columbia Thermostat FundSM | 286,559 | 355 | — | 37,402 |
Columbia Acorn Emerging Markets FundSM | 32,427 | 63 | — | 444 |
Columbia Acorn European FundSM | 120,775 | — | — | 766 |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn Emerging Markets Fund | 1.55% | 1.30% | 2.30% | 1.30% | 1.19% | 1.14% |
Columbia Acorn European Fund | 1.45% | 1.20% | 2.20% | 1.20% | 1.13% | 1.08% |
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Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn Emerging Markets Fund | 1.85% | 1.60% | 2.60% | 1.60% | 1.49% | 1.44% |
Columbia Acorn European Fund | 1.75% | 1.50% | 2.50% | 1.50% | 1.43% | 1.38% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn Select | 1.60% | 1.35% | 2.35% | 1.35% | 1.29% | 1.24% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn International Select | 1.40% | 1.15% | 2.15% | 1.15% | 1.08% | 1.03% |
Columbia Thermostat Fund | 0.50% | 0.25% | 1.25% | 0.25% | 0.23% | 0.18% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn Select | 1.60% | 1.35% | 2.35% | 1.35% | 1.30% | 1.25% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn International Select | 1.40% | 1.15% | 2.15% | 1.15% | 1.07% | 1.02% |
Columbia Thermostat Fund | 0.50% | 0.25% | 1.25% | 0.25% | 0.24% | 0.19% |
Columbia Acorn Emerging Markets Fund | 1.85% | 1.60% | 2.60% | 1.60% | 1.50% | 1.45% |
Columbia Acorn European Fund | 1.75% | 1.50% | 2.50% | 1.50% | 1.47% | 1.42% |
Columbia Acorn Family of Funds | Annual Report 2017 | 141 |
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December 31, 2017
Fund | Expenses waived and/or reimbursed ($) |
Columbia Acorn® Fund | 567,897 |
Columbia Acorn International® | 324,948 |
Columbia Acorn USA® | 14,449 |
Columbia Acorn International SelectSM | 165,687 |
Columbia Acorn SelectSM | 667,415 |
Columbia Thermostat FundSM | 368,474 |
Columbia Acorn Emerging Markets FundSM | 315,074 |
Columbia Acorn European FundSM | 257,534 |
Fund | Undistributed (excess of distributions over) net investment income ($) | Accumulated net realized gain (loss) ($) | Paid in capital increase (decrease) ($) |
Columbia Acorn® Fund | 524,047 | (100,822,335) | 100,298,288 |
Columbia Acorn International® | 16,220,537 | (16,220,537) | — |
Columbia Acorn USA® | 1,643,494 | (118,042,167) | 116,398,673 |
Columbia Acorn International SelectSM | (4,749) | 17,400 | (12,651) |
Columbia Acorn SelectSM | 441,750 | (4,473,546) | 4,031,796 |
Columbia Thermostat FundSM | 225,161 | (3,317,437) | 3,092,276 |
Columbia Acorn Emerging Markets FundSM | 668,012 | (322,791) | (345,221) |
Columbia Acorn European FundSM | 357,730 | (357,730) | — |
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Year Ended December 31, 2017 | Year Ended December 31, 2016 | ||||||
Fund | Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Tax return of capital ($) | Total ($) |
Columbia Acorn® Fund | 131,865,579 | 904,736,909 | 1,036,602,488 | — | 1,778,266,515 | — | 1,778,266,515 |
Columbia Acorn International® | 82,305,169 | 251,655,234 | 333,960,403 | 29,981,674 | 39,664,002 | — | 69,645,676 |
Columbia Acorn USA® | 14,725,782 | 87,193,225 | 101,919,007 | — | 238,540,555 | — | 238,540,555 |
Columbia Acorn International SelectSM | 270,796 | — | 270,796 | 834,655 | — | 102,686 | 937,341 |
Columbia Acorn SelectSM | — | 37,956,937 | 37,956,937 | — | 55,197,227 | — | 55,197,227 |
Columbia Thermostat FundSM | 30,150,540 | 11,435,105 | 41,585,645 | 6,194,754 | 21,063,441 | — | 27,258,195 |
Columbia Acorn Emerging Markets FundSM | — | — | — | 544,142 | — | 404,319 | 948,461 |
Columbia Acorn European FundSM | 934,540 | — | 934,540 | 419,336 | — | — | 419,336 |
Fund | Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
Columbia Acorn® Fund | 38,036,318 | 169,873,329 | — | 1,295,387,341 |
Columbia Acorn International® | 20,627,781 | 120,661,915 | — | 1,725,147,024 |
Columbia Acorn USA® | 2,284,574 | 8,423,546 | — | 65,524,880 |
Columbia Acorn International SelectSM | — | — | (6,453,644) | 41,557,521 |
Columbia Acorn SelectSM | 5,760,563 | 17,604,720 | — | 82,539,140 |
Columbia Thermostat FundSM | 2,427,872 | 8,008,823 | — | 27,303,976 |
Columbia Acorn Emerging Markets FundSM | — | — | (81,214,778) | 23,703,831 |
Columbia Acorn European FundSM | 676,746 | — | (7,749,232) | 21,460,585 |
Fund | Tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
Columbia Acorn® Fund | 3,377,912,005 | 1,395,238,534 | (99,851,193) | 1,295,387,341 |
Columbia Acorn International® | 3,310,286,427 | 1,804,820,370 | (79,673,346) | 1,725,147,024 |
Columbia Acorn USA® | 264,497,087 | 72,790,218 | (7,265,338) | 65,524,880 |
Columbia Acorn International SelectSM | 94,899,263 | 43,000,275 | (1,442,754) | 41,557,521 |
Columbia Acorn SelectSM | 225,553,777 | 85,031,740 | (2,492,600) | 82,539,140 |
Columbia Thermostat FundSM | 831,420,904 | 29,894,232 | (2,590,256) | 27,303,976 |
Columbia Acorn Emerging Markets FundSM | 84,115,084 | 32,071,817 | (8,367,986) | 23,703,831 |
Columbia Acorn European FundSM | 85,369,896 | 22,127,907 | (667,322) | 21,460,585 |
Columbia Acorn Family of Funds | Annual Report 2017 | 143 |
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December 31, 2017
Fund | 2018 ($) | 2019 ($) | No expiration short-term ($) | No expiration long-term ($) | Total ($) | Utilized ($) | Expired ($) | Permanently lost ($) |
Columbia Acorn International® | — | — | — | — | — | 46,821,711 | — | — |
Columbia Acorn International SelectSM | — | — | 6,453,644 | — | 6,453,644 | 8,208,369 | — | — |
Columbia Acorn Emerging Markets FundSM | — | — | 44,045,008 | 37,169,770 | 81,214,778 | 4,484,740 | — | — |
Columbia Acorn European FundSM | — | — | 5,685,111 | 2,064,121 | 7,749,232 | 1,694,612 | — | — |
Fund | Late year ordinary losses ($) | Post-October capital losses ($) |
Columbia Acorn Emerging Markets FundSM | 57,729 | — |
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Purchases ($) | Proceeds from sales ($) | |
Columbia Acorn® Fund | 3,389,510,036 | 4,630,139,508 |
Columbia Acorn International® | 1,791,982,692 | 2,905,225,970 |
Columbia Acorn USA® | 410,000,080 | 816,946,812 |
Columbia Acorn International SelectSM | 55,314,810 | 60,880,744 |
Columbia Acorn SelectSM | 124,277,914 | 197,374,630 |
Columbia Thermostat FundSM | 317,957,548 | 597,053,567 |
Columbia Acorn Emerging Markets FundSM | 47,868,156 | 76,032,702 |
Columbia Acorn European FundSM | 56,095,853 | 22,081,087 |
Columbia Acorn Family of Funds | Annual Report 2017 | 145 |
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December 31, 2017
Fund | Number of unaffiliated accounts | Percentage of shares outstanding held — unaffiliated (%) | Percentage of shares outstanding held — affiliated (%) |
Columbia Acorn® Fund | 1 | 10.4 | — |
Columbia Acorn International® | 2 | 27.9 | — |
Columbia Acorn USA® | 1 | 26.3 | — |
Columbia Acorn International SelectSM | 2 | 27.9 | 14.8 |
Columbia Acorn SelectSM | 1 | 19.7 | 11.9 |
Columbia Thermostat FundSM | 1 | 17.6 | 25.1 |
Columbia Acorn Emerging Markets FundSM | 2 | 23.9 | 29.4 |
Columbia Acorn European FundSM | 2 | 23.1 | 30.4 |
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148 | Columbia Acorn Family of Funds | Annual Report 2017 |
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(Unaudited)
Qualified dividend income | Dividends received deduction | Capital gain dividend | Foreign taxes paid to foreign countries | Foreign taxes paid per share to foreign countries | Foreign source income | Foreign source income per share | |
Columbia Acorn® Fund | 32.31% | 31.82% | $1,056,953,266 | $0 | $0.00 | $0 | $0.00 |
Columbia Acorn International® | 100.00% | 0.00% | $390,933,006 | $7,856,731 | $0.07 | $88,181,220 | $0.84 |
Columbia Acorn USA® | 22.10% | 20.40% | $115,045,515 | $0 | $0.00 | $0 | $0.00 |
Columbia Acorn International SelectSM | 100.00% | 0.00% | $0 | $187,281 | $0.04 | $1,686,595 | $0.38 |
Columbia Acorn SelectSM | 0.00% | 0.00% | $34,702,708 | $0 | $0.00 | $0 | $0.00 |
Columbia Thermostat FundSM | 18.18% | 14.82% | $18,800,469 | $25,444 | $0.00 | $504,970 | $0.01 |
Columbia Acorn Emerging Markets FundSM | 0.00% | 0.00% | $0 | $215,138 | $0.03 | $1,841,894 | $0.23 |
Columbia Acorn European FundSM | 100.00% | 0.00% | $0 | $101,578 | $0.02 | $1,289,156 | $0.24 |
Columbia Acorn Family of Funds | Annual Report 2017 | 149 |
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Shareholder Services Group
227 W. Monroe, Suite 3000
800.922.6769
Name and age at December 31, 2017 | 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, 52, 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, 69 | 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, 64 | 2002 | 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, 58 | 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; Kemper Corporation (insurance). |
John C. Heaton, 58 | 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. |
150 | Columbia Acorn Family of Funds | Annual Report 2017 |
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Name and age at December 31, 2017 | 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, 61 | 2015 | Consultant, Finger Rock, LLC (strategic consulting business). 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, 64, 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, 2017 | 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, 49 (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. |
Name and age at December 31, 2017 | 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 |
Ralph Wanger, 83 (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 Advisors 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. |
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(4) | Dates prior to 1992 relate to the Acorn Fund, Inc., the predecessor trust to Columbia Acorn Trust. |
Name and age at December 31, 2017 | 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, 57 | 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, 48 | 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. |
P. Zachary Egan, 49 | 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, 54 | 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, 49 | 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. |
John Kunka, 47 | 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, 50 | 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, 48 | Vice President | 2006 | Chief Compliance Officer, CWAM since 2005. |
Ryan C. Larrenaga, 47 | 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, 46 | 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, 46 | 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. |
Thomas P. McGuire, 45 | Chief Compliance Officer | 2015 | Senior Vice President and Chief Compliance Officer of the Columbia Funds 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. |
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Name and age at December 31, 2017 | 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 |
Louis J. Mendes III, 53 | 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, 50 | Assistant Treasurer | 2015 | Vice President – Tax, Columbia Management Investment Advisers, LLC since 2009. |
Martha A. Skinner, 43 | 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, 40 | 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. |
Linda Roth-Wiszowaty, 48 | 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, 2017
Columbia Acorn® Fund | Class A | Class ADV | Class C | Class I1 | Class I2 | Class I3 | Class R | |||||||||
Investment advisory fee | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% | ||||||||||
Distribution and/or service fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses (a) | 0.16% | 0.16% | 0.16% | 0.16% | 0.14% | 0.09% | ||||||||||
Net expense ratio | 1.08% | 0.83% | 1.83% | 0.83% | 0.81% | 0.76% | ||||||||||
Columbia Acorn International® | ||||||||||||||||
Investment advisory fee | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | |||||||||
Distribution and/or service fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | 0.50% | |||||||||
Other expenses (a) | 0.18% | 0.21% | 0.20% | 0.21% | 0.16% | 0.11% | 0.21% | |||||||||
Net expense ratio | 1.20% | 0.98% | 1.97% | 0.98% | 0.93% | 0.88% | 1.48% | |||||||||
Columbia Acorn USA® | ||||||||||||||||
Investment advisory fee | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | ||||||||||
Distribution and/or service fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses (a) | 0.28% | 0.30% | 0.29% | 0.26% | 0.18% | 0.15% | ||||||||||
Net expense ratio | 1.43% | 1.20% | 2.19% | 1.16% | 1.08% | 1.05% | ||||||||||
Columbia Acorn International SelectSM | ||||||||||||||||
Investment advisory fee | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% | ||||||||||
Distribution and/or service fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses (a) | 0.26% | 0.26% | 0.26% | 0.26% | 0.19% | 0.14% | ||||||||||
Net expense ratio | 1.40% | 1.15% | 2.15% | 1.15% | 1.08% | 1.03% | ||||||||||
Columbia Acorn SelectSM | ||||||||||||||||
Investment advisory fee | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | ||||||||||
Distribution and/or service fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses (a) | 0.26% | 0.26% | 0.26% | 0.26% | 0.20% | 0.15% | ||||||||||
Net expense ratio | 1.16% | 0.91% | 1.91% | 0.91% | 0.85% | 0.80% | ||||||||||
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% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses (a) | 0.15% | 0.15% | 0.15% | 0.15% | 0.13% | 0.08% | ||||||||||
Net expense ratio (b) | 0.50% | 0.25% | 1.25% | 0.25% | 0.23% | 0.18% | ||||||||||
Columbia Acorn Emerging Markets FundSM | ||||||||||||||||
Investment advisory fee | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | ||||||||||
Distribution and/or service fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses (a) | 0.21% | 0.19% | 0.19% | 0.18% | 0.09% | -0.10% | ||||||||||
Net expense ratio | 1.70% | 1.43% | 2.43% | 1.42% | 1.33% | 1.14% | ||||||||||
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% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses (a) | 0.14% | 0.09% | 0.12% | 0.10% | 0.09% | -0.10% | ||||||||||
Net expense ratio | 1.58% | 1.28% | 2.31% | 1.29% | 1.28% | 1.09% |
(a) | Other expenses include certain fee waivers and/or reimbursements, if applicable, which can potentially exceed other expenses charged. |
(b) | Does not include estimated fees and expenses of 0.49% incurred by the Fund from the underlying portfolio funds in which it invests. |
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Columbia Acorn Family of Funds | Annual Report 2017 | 155 |
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investor.columbiathreadneedleus.com. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Wanger Asset Management, LLC.
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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.
Fee information below is disclosed for the eight series of the registrant whose reports to stockholders are included in this annual filing.
(a) Audit Fees. Aggregate Audit Fees billed by the principal accountant for professional services rendered during the fiscal years ended December 31, 2017 and December 31, 2016 are approximately as follows:
2017 | 2016 | |
$304,700 | $295,800 |
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, 2017 and December 31, 2016 are approximately as follows:
2017 | 2016 | |
$25,700 | $25,000 |
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 2017 and
2016, 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, 2017 and December 31, 2016, 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, 2017 and December 31, 2016 are approximately as follows:
2017 | 2016 | |
$72,900 | $70,800 |
Tax Fees incurred in both fiscal years 2017 and 2016 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, 2017 and December 31, 2016, 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, 2017 and December 31, 2016 are as follows:
2017 | 2016 | |
$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
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operations and financial reporting of the registrant during the fiscal years ended December 31, 2017 and December 31, 2016 are approximately as follows:
2017 | 2016 | |
$225,000 | $225,000 |
In both fiscal years 2017 and 2016, 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, 2017 and December 31, 2016 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, 2017 and December 31, 2016 are approximately as follows:
2017 | 2016 | |
$323,700 | $320,800 |
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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 |
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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. |
(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. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 13. Exhibits.
(a)(1) Code of ethics required to be disclosed under Item 2 of Form N-CSR 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, 2018 |
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, 2018 |
By (Signature and Title) /s/ John M. Kunka | ||
John M. Kunka, Treasurer and Principal Accounting and Financial Officer |
Date February 21, 2018 |