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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)
Ryan C. Larrenaga
c/o Columbia Management
Investment Advisers, LLC
225 Franklin Street
Boston, MA 02110
Alan Berkshire
Columbia Acorn Trust
227 West Monroe Street, Suite 3000
Chicago, Illinois 60606
Mary C. Moynihan
Perkins Coie LLP
700 13th Street, NW
Suite 600
Washington, DC 20005
(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: June 30, 2018
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.
Table of Contents
June 30, 2018
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Columbia Acorn® Fund (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2018) | |||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 10.21 | 22.62 | 12.07 | 9.92 | 14.06 |
Including sales charges | 3.86 | 15.57 | 10.75 | 9.27 | 13.92 | ||
Advisor Class | 11/08/12 | 10.38 | 22.98 | 12.32 | 10.21 | 14.42 | |
Class C | Excluding sales charges | 10/16/00 | 9.81 | 21.64 | 11.25 | 9.10 | 13.19 |
Including sales charges | 8.81 | 20.88 | 11.25 | 9.10 | 13.19 | ||
Institutional Class | 06/10/70 | 10.31 | 22.97 | 12.38 | 10.24 | 14.42 | |
Institutional 2 Class | 11/08/12 | 10.37 | 23.00 | 12.41 | 10.25 | 14.43 | |
Institutional 3 Class | 11/08/12 | 10.38 | 23.14 | 12.47 | 10.29 | 14.43 | |
Russell 2500 Growth Index | 8.04 | 21.53 | 13.87 | 11.38 | - |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 3 |
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Columbia Acorn® Fund (Unaudited)
Top ten holdings (%) (at June 30, 2018) | |
Masimo Corp. Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 1.9 |
Old Dominion Freight Line, Inc. Inter-regional and multi-regional motor carrier | 1.7 |
Pra Health Sciences, Inc. Global contract research organization | 1.6 |
Bio-Techne Corp. Biotechnology products and clinical diagnostic controls | 1.6 |
Encompass Health Corp. Inpatient rehabilitative healthcare services | 1.4 |
Pool Corp. Swimming pool supplies, equipment and leisure products | 1.3 |
Cadence Design Systems, Inc. Software technology, design and consulting services and technology | 1.3 |
Amedisys, Inc. Provider of alternate-site health care services | 1.3 |
Texas Roadhouse, Inc. Moderately priced, full service restaurant chain | 1.3 |
Ligand Pharmaceuticals, Inc. Drugs that regulate hormone activated intracellular receptors | 1.3 |
Portfolio breakdown (%) (at June 30, 2018) | |
Common Stocks | 95.8 |
Limited Partnerships | 0.4 |
Money Market Funds | 2.7 |
Securities Lending Collateral | 1.1 |
Total | 100.0 |
Equity sector breakdown (%) (at June 30, 2018) | |
Consumer Discretionary | 21.0 |
Consumer Staples | 2.8 |
Energy | 1.2 |
Financials | 8.8 |
Health Care | 20.7 |
Industrials | 14.9 |
Information Technology | 24.0 |
Materials | 2.7 |
Real Estate | 3.0 |
Telecommunication Services | 0.9 |
Total | 100.0 |
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Columbia Acorn® Fund
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Columbia Acorn® Fund
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Columbia Acorn International® (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2018) | |||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | -0.06 | 11.32 | 6.85 | 5.22 | 9.97 |
Including sales charges | -5.81 | 4.92 | 5.59 | 4.60 | 9.72 | ||
Advisor Class | 11/08/12 | 0.07 | 11.59 | 7.08 | 5.52 | 10.36 | |
Class C | Excluding sales charges | 10/16/00 | -0.42 | 10.48 | 6.05 | 4.43 | 9.16 |
Including sales charges | -1.38 | 9.48 | 6.05 | 4.43 | 9.16 | ||
Institutional Class | 09/23/92 | 0.07 | 11.60 | 7.14 | 5.55 | 10.37 | |
Institutional 2 Class | 08/02/11 | 0.11 | 11.67 | 7.18 | 5.57 | 10.38 | |
Institutional 3 Class | 11/08/12 | 0.13 | 11.73 | 7.24 | 5.60 | 10.39 | |
Class R | 08/02/11 | -0.17 | 11.04 | 6.49 | 4.90 | 9.69 | |
MSCI ACWI ex USA SMID Cap Index (Net) | -2.90 | 9.69 | 8.15 | 4.78 | - | ||
MSCI ACWI ex USA SMID Cap Growth Index (Net) | -1.38 | 12.07 | 8.81 | 4.23 | - |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 7 |
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Columbia Acorn International® (Unaudited)
Top ten holdings (%) (at June 30, 2018) | |
CCL Industries, Inc. (Canada) Manufacturing services and specialty packaging products for the non-durable consumer products market | 3.0 |
Rentokil Initial PLC (United Kingdom) Fully integrated facilities management and essential support services | 2.7 |
Hexagon AB, Class B (Sweden) Design, measurement and visualisation technologies | 2.4 |
MTU Aero Engines AG (Germany) Develops and manufactures engines and offers commercial engine services and support | 2.2 |
Brembo SpA (Italy) Braking systems and components | 1.9 |
Halma PLC (United Kingdom) Products that detect hazards and protect assets and people in public and commercial buildings | 1.9 |
Unibet Group PLC (Malta) Online gambling services | 1.8 |
Novozymes AS, Class B (Denmark) Enzymes for industrial use | 1.8 |
Spirax-Sarco Engineering PLC (United Kingdom) Consultation, service and products for the control and efficient management of steam and industrial fluids | 1.8 |
SimCorp AS (Denmark) Global provider of highly specialised software for the investment management industry | 1.8 |
Equity sector breakdown (%) (at June 30, 2018) | |
Consumer Discretionary | 18.5 |
Consumer Staples | 5.4 |
Energy | 0.9 |
Financials | 9.4 |
Health Care | 8.1 |
Industrials | 25.2 |
Information Technology | 19.9 |
Materials | 10.5 |
Real Estate | 2.1 |
Total | 100.0 |
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Columbia Acorn International® (Unaudited)
Country breakdown (%) (at June 30, 2018) | |
Australia | 1.7 |
Belgium | 0.4 |
Brazil | 1.2 |
Cambodia | 0.5 |
Canada | 5.8 |
Cayman Islands | 1.9 |
China | 4.3 |
Denmark | 4.7 |
France | 0.4 |
Germany | 9.7 |
Hong Kong | 1.0 |
India | 1.4 |
Indonesia | 0.8 |
Ireland | 1.1 |
Italy | 3.2 |
Japan | 22.2 |
Malta | 1.8 |
Mexico | 1.6 |
Netherlands | 1.4 |
Philippines | 0.5 |
Poland | 0.3 |
Russian Federation | 0.4 |
Singapore | 1.8 |
South Africa | 1.5 |
South Korea | 4.2 |
Spain | 0.8 |
Sweden | 4.7 |
Switzerland | 2.4 |
Taiwan | 0.7 |
Thailand | 0.9 |
United Kingdom | 12.8 |
United States(a) | 3.9 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 9 |
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Columbia Acorn International®
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Columbia Acorn International®
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Columbia Acorn USA® (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2018) | |||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 15.24 | 23.39 | 13.34 | 10.41 | 10.81 |
Including sales charges | 8.63 | 16.30 | 12.01 | 9.76 | 10.51 | ||
Advisor Class | 11/08/12 | 15.43 | 23.68 | 13.64 | 10.70 | 11.17 | |
Class C | Excluding sales charges | 10/16/00 | 14.78 | 22.45 | 12.56 | 9.61 | 10.01 |
Including sales charges | 13.78 | 21.78 | 12.56 | 9.61 | 10.01 | ||
Institutional Class | 09/04/96 | 15.37 | 23.67 | 13.64 | 10.70 | 11.17 | |
Institutional 2 Class | 11/08/12 | 15.44 | 23.83 | 13.74 | 10.76 | 11.20 | |
Institutional 3 Class | 11/08/12 | 15.45 | 23.84 | 13.80 | 10.79 | 11.21 | |
Russell 2000 Growth Index | 9.70 | 21.86 | 13.65 | 11.24 | - |
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Columbia Acorn USA® (Unaudited)
Top ten holdings (%) (at June 30, 2018) | |
First Busey Corp. Multi-bank holding company | 1.6 |
Houlihan Lokey, Inc. Investment bank | 1.6 |
HealthEquity, Inc. Technology-enabled services platforms for consumers to make healthcare saving and spending decisions | 1.5 |
Dave & Buster’s Entertainment, Inc. Venues that combine dining and entertainment for adults and families | 1.5 |
Cabot Microelectronics Corp. Slurries used in chemical mechanical planarization | 1.5 |
ICF International, Inc. Management, technology, policy consulting, and implementation services | 1.5 |
Orion Engineered Carbons SA Global supplier of Carbon Black | 1.5 |
Texas Roadhouse, Inc. Moderately priced, full service restaurant chain | 1.4 |
iRhythm Technologies, Inc. Medical instruments | 1.4 |
Extended Stay America, Inc. Hotels and motels | 1.4 |
Portfolio breakdown (%) (at June 30, 2018) | |
Common Stocks | 94.5 |
Limited Partnerships | 0.5 |
Money Market Funds | 3.7 |
Securities Lending Collateral | 1.3 |
Total | 100.0 |
Equity sector breakdown (%) (at June 30, 2018) | |
Consumer Discretionary | 17.6 |
Consumer Staples | 5.0 |
Energy | 1.5 |
Financials | 14.5 |
Health Care | 26.5 |
Industrials | 10.1 |
Information Technology | 18.1 |
Materials | 2.8 |
Real Estate | 3.4 |
Telecommunication Services | 0.5 |
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 (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2018) | |||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 1.80 | 14.66 | 7.48 | 4.25 | 8.62 |
Including sales charges | -4.05 | 8.05 | 6.21 | 3.63 | 8.29 | ||
Advisor Class | 11/08/12 | 1.90 | 14.92 | 7.75 | 4.57 | 8.96 | |
Class C | Excluding sales charges | 10/16/00 | 1.38 | 13.75 | 6.65 | 3.43 | 7.80 |
Including sales charges | 0.38 | 12.75 | 6.65 | 3.43 | 7.80 | ||
Institutional Class | 11/23/98 | 1.88 | 14.91 | 7.78 | 4.58 | 8.96 | |
Institutional 2 Class | 11/08/12 | 1.97 | 14.99 | 7.84 | 4.61 | 8.98 | |
Institutional 3 Class | 11/08/12 | 1.97 | 15.05 | 7.89 | 4.64 | 8.99 | |
MSCI ACWI ex USA Index (Net) | -3.77 | 7.28 | 5.99 | 2.54 | - | ||
MSCI ACWI ex USA Growth Index (Net) | -2.28 | 9.90 | 7.18 | 3.01 | - |
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Columbia Acorn International SelectSM (Unaudited)
Top ten holdings (%) (at June 30, 2018) | |
Koninklijke Philips NV (Netherlands) Health technology focused on improving people’s health | 4.9 |
Hexagon AB, Class B (Sweden) Design, measurement and visualisation technologies | 4.7 |
Novozymes AS, Class B (Denmark) Enzymes for industrial use | 4.5 |
NetEase, Inc., ADR (China) Internet technology company that develops applications, services and Internet technologies | 4.3 |
CCL Industries, Inc. (Canada) Manufacturing services and specialty packaging products for the non-durable consumer products market | 4.2 |
Partners Group Holding AG (Switzerland) Global private markets asset management firm | 4.2 |
MTU Aero Engines AG (Germany) Develops and manufactures engines and offers commercial engine services and support | 4.2 |
Recruit Holdings Co., Ltd. (Japan) Information providing services in human resource, housing, bridal, travel, restaurants, beauty, automobiles, and education and more | 4.1 |
Wirecard AG (Germany) Internet payment and processing services | 3.8 |
Sony Financial Holdings, Inc. (Japan) Financial holding company | 3.7 |
Equity sector breakdown (%) (at June 30, 2018) | |
Consumer Discretionary | 16.2 |
Financials | 7.9 |
Health Care | 10.7 |
Industrials | 25.5 |
Information Technology | 20.5 |
Materials | 13.7 |
Real Estate | 5.5 |
Total | 100.0 |
Country breakdown (%) (at June 30, 2018) | |
Australia | 1.8 |
Canada | 4.1 |
China | 7.1 |
Denmark | 4.3 |
France | 2.1 |
Germany | 10.8 |
India | 3.0 |
Italy | 3.2 |
Japan | 17.2 |
Jersey | 3.0 |
Mexico | 1.9 |
Netherlands | 5.7 |
Singapore | 2.0 |
South Africa | 2.4 |
South Korea | 3.0 |
Sweden | 7.3 |
Switzerland | 4.0 |
Taiwan | 2.0 |
United Kingdom | 11.3 |
United States(a) | 3.8 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 17 |
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Columbia Acorn International SelectSM
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Columbia Acorn International SelectSM
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Columbia Acorn SelectSM (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2018) | |||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 6.16 | 20.19 | 12.64 | 8.02 | 10.30 |
Including sales charges | 0.07 | 13.30 | 11.32 | 7.38 | 9.97 | ||
Advisor Class | 11/08/12 | 6.25 | 20.45 | 12.90 | 8.30 | 10.63 | |
Class C | Excluding sales charges | 10/16/00 | 5.81 | 19.23 | 11.81 | 7.20 | 9.47 |
Including sales charges | 4.86 | 18.23 | 11.81 | 7.20 | 9.47 | ||
Institutional Class | 11/23/98 | 6.32 | 20.41 | 12.94 | 8.32 | 10.64 | |
Institutional 2 Class | 11/08/12 | 6.33 | 20.53 | 12.99 | 8.35 | 10.65 | |
Institutional 3 Class | 11/08/12 | 6.37 | 20.59 | 13.05 | 8.38 | 10.67 | |
Russell 2500 Growth Index | 8.04 | 21.53 | 13.87 | 11.38 | - |
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Columbia Acorn SelectSM (Unaudited)
Top ten holdings (%) (at June 30, 2018) | |
Vail Resorts, Inc. Operates resorts globally | 5.5 |
Masimo Corp. Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 5.5 |
VeriSign, Inc. Domain names and Internet security services | 5.2 |
JB Hunt Transport Services, Inc. Logistics services | 5.1 |
ANSYS, Inc. Software solutions for design analysis and optimization | 5.0 |
CDW Corp. IT products and services | 4.6 |
LCI Industries Recreational vehicles and equipment | 4.6 |
GoDaddy, Inc., Class A Cloud-based web platform for small businesses, web design professionals and individuals | 4.5 |
SVB Financial Group Holding company for Silicon Valley Bank | 4.1 |
Cavco Industries, Inc. Designs and manufactures systems-built structures | 4.0 |
Portfolio breakdown (%) (at June 30, 2018) | |
Common Stocks | 98.0 |
Money Market Funds | 2.0 |
Total | 100.0 |
Equity sector breakdown (%) (at June 30, 2018) | |
Consumer Discretionary | 20.6 |
Financials | 15.7 |
Health Care | 14.5 |
Industrials | 16.5 |
Information Technology | 24.4 |
Materials | 3.3 |
Real Estate | 5.0 |
Total | 100.0 |
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Columbia Acorn SelectSM
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Columbia Acorn SelectSM
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Columbia Thermostat FundSM (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2018) | |||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 03/03/03 | 0.50 | 2.53 | 4.06 | 5.41 | 6.63 |
Including sales charges | -5.26 | -3.36 | 2.83 | 4.79 | 6.23 | ||
Advisor Class | 11/08/12 | 0.58 | 2.74 | 4.31 | 5.67 | 6.90 | |
Class C | Excluding sales charges | 03/03/03 | 0.02 | 1.76 | 3.26 | 4.62 | 5.83 |
Including sales charges | -0.96 | 0.78 | 3.26 | 4.62 | 5.83 | ||
Institutional Class | 09/25/02 | 0.58 | 2.82 | 4.32 | 5.68 | 6.90 | |
Institutional 2 Class | 11/08/12 | 0.57 | 2.82 | 4.33 | 5.69 | 6.91 | |
Institutional 3 Class | 11/08/12 | 0.58 | 2.88 | 4.37 | 5.71 | 6.92 | |
Blended Benchmark | 0.58 | 6.86 | 7.85 | 7.20 | - | ||
S&P 500 Index | 2.65 | 14.37 | 13.42 | 10.17 | - | ||
Bloomberg Barclays U.S. Aggregate Bond Index | -1.62 | -0.40 | 2.27 | 3.72 | - |
24 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
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Columbia Thermostat FundSM (Unaudited)
Portfolio breakdown (%) (at June 30, 2018) | |
Equity Funds | 14.8 |
Exchange-Traded Funds | 8.5 |
Fixed-Income Funds | 76.7 |
Money Market Funds | 0.0 (a) |
Total | 100.0 |
(a) | Rounds to zero. |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 25 |
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Columbia Thermostat FundSM
Fund | Weightings in category | 2nd quarter performance | Year to date performance |
Columbia Large Cap Index Fund, Institutional 3 Class | 40% | 3.38% | 2.55% |
Columbia Acorn Fund, Institutional 3 Class | 10% | 6.47% | 10.38% |
Columbia Acorn International, Institutional 3 Class | 10% | -2.06% | 0.13% |
Columbia Acorn Select, Institutional 3 Class | 10% | 7.17% | 6.37% |
Columbia Contrarian Core, Institutional 3 Class | 10% | 1.83% | -0.65% |
Columbia Dividend Income, Institutional 3 Class | 10% | 0.70% | -1.28% |
Columbia Large Cap Enhanced Core, Institutional 3 Class | 10% | 2.99% | 2.66% |
Weighted Average Equity Gain/Loss | 100% | 3.05% | 3.21% |
Fund | Weightings in category | 2nd quarter performance | Year to date performance |
Columbia U.S. Treasury Index, Institutional 3 Class | 35% | 0.02% | -1.18% |
Columbia Short Term Bond, Institutional 3 Class | 25% | 0.32% | 0.04% |
Columbia Quality Income, Institutional 3 Class | 20% | 0.69% | -0.14% |
Columbia Corporate Income, Institutional 3 Class | 10% | -0.90% | -3.26% |
Columbia Diversified Fixed Income Allocation ETF | 10% | -0.89% | -2.31% |
Weighted Average Income Gain/Loss | 100% | 0.05% | -0.69% |
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Columbia Thermostat FundSM
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Columbia Acorn Emerging Markets FundSM (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2018) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 08/19/11 | -5.51 | 5.75 | 1.56 | 3.94 |
Including sales charges | -10.96 | -0.32 | 0.36 | 3.05 | ||
Advisor Class | 11/08/12 | -5.38 | 6.03 | 1.84 | 4.26 | |
Class C | Excluding sales charges | 08/19/11 | -5.88 | 4.94 | 0.80 | 3.18 |
Including sales charges | -6.82 | 3.94 | 0.80 | 3.18 | ||
Institutional Class | 08/19/11 | -5.34 | 6.07 | 1.82 | 4.22 | |
Institutional 2 Class | 11/08/12 | -5.31 | 6.11 | 1.91 | 4.31 | |
Institutional 3 Class | 06/13/13 | -5.28 | 6.17 | 1.96 | 4.34 | |
MSCI Emerging Markets SMID Cap Index (Net) | -7.32 | 6.44 | 4.01 | - |
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Columbia Acorn Emerging Markets FundSM (Unaudited)
Top ten holdings (%) (at June 30, 2018) | |
Vitasoy International Holdings Ltd. (Hong Kong) Food and beverages | 3.8 |
Xiabuxiabu Catering Management China Holdings Co., Ltd. (Cayman Islands) Chain of restaurants in China | 3.7 |
Koh Young Technology, Inc. (South Korea) 3D measurement and inspection equipment for testing various machineries | 3.5 |
New Oriental Education & Technology Group, Inc., ADR (China) Educational services | 3.2 |
Qualitas Controladora SAB de CV (Mexico) Insurance holding company | 3.1 |
Zee Entertainment Enterprises Ltd. (India) Hindi films, serials, game shows and children’s programs | 3.1 |
NagaCorp Ltd. (Cambodia) Leisure and tourism company | 3.0 |
51job, Inc., ADR (China) Integrated human resource services | 3.0 |
GRUH Finance Ltd. (India) Provides a range of home loans as well as insurance products | 2.9 |
Gourmet Master Co., Ltd. (Cayman Islands) Coffee & bakery cafes | 2.8 |
Equity sector breakdown (%) (at June 30, 2018) | |
Consumer Discretionary | 26.8 |
Consumer Staples | 9.8 |
Financials | 22.2 |
Health Care | 4.0 |
Industrials | 10.7 |
Information Technology | 19.5 |
Materials | 4.1 |
Telecommunication Services | 2.9 |
Total | 100.0 |
Country breakdown (%) (at June 30, 2018) | |
Brazil | 4.7 |
Cambodia | 2.9 |
Cayman Islands | 11.9 |
China | 10.1 |
Egypt | 1.3 |
Hong Kong | 6.1 |
India | 9.0 |
Indonesia | 4.3 |
Japan | 1.0 |
Malaysia | 1.2 |
Mexico | 4.3 |
Philippines | 2.3 |
Poland | 0.9 |
Russian Federation | 1.4 |
South Africa | 6.3 |
South Korea | 14.1 |
Spain | 1.0 |
Taiwan | 9.0 |
Thailand | 2.9 |
Turkey | 1.4 |
United States(a) | 3.9 |
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 (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2018) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 08/19/11 | 0.59 | 12.32 | 9.87 | 11.01 |
Including sales charges | -5.21 | 5.86 | 8.57 | 10.06 | ||
Advisor Class | 06/25/14 | 0.74 | 12.57 | 10.18 | 11.31 | |
Class C | Excluding sales charges | 08/19/11 | 0.23 | 11.47 | 9.06 | 10.20 |
Including sales charges | -0.77 | 10.47 | 9.06 | 10.20 | ||
Institutional Class | 08/19/11 | 0.69 | 12.53 | 10.15 | 11.30 | |
Institutional 2 Class | 11/08/12 | 0.79 | 12.70 | 10.18 | 11.32 | |
Institutional 3 Class | 03/01/17 | 0.70 | 12.62 | 10.17 | 11.31 | |
MSCI AC Europe Small Cap Index (Net) | -1.29 | 11.82 | 11.98 | - |
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Columbia Acorn European FundSM (Unaudited)
Top ten holdings (%) (at June 30, 2018) | |
Sectra AB, B Shares (Sweden) Medical and communication systems | 3.8 |
Wirecard AG (Germany) Internet payment and processing services | 3.3 |
Nemetschek SE (Germany) Standard software for designing, constructing and managing buildings and real estate | 3.3 |
Rentokil Initial PLC (United Kingdom) Fully integrated facilities management and essential support services | 3.2 |
Unibet Group PLC (Malta) Online gambling services | 3.1 |
SimCorp AS (Denmark) Global provider of highly specialised software for the investment management industry | 3.0 |
Halma PLC (United Kingdom) Products that detect hazards and protect assets and people in public and commercial buildings | 3.0 |
Spirax-Sarco Engineering PLC (United Kingdom) Consultation, service and products for the control and efficient management of steam and industrial fluids | 2.9 |
Brembo SpA (Italy) Braking systems and components | 2.8 |
Sweco AB, Class B (Sweden) Consulting company specializing in engineering, environmental technology, and architecture | 2.7 |
Equity sector breakdown (%) (at June 30, 2018) | |
Consumer Discretionary | 20.4 |
Consumer Staples | 1.1 |
Financials | 9.6 |
Health Care | 10.2 |
Industrials | 30.1 |
Information Technology | 22.0 |
Materials | 4.1 |
Real Estate | 2.5 |
Total | 100.0 |
Country breakdown (%) (at June 30, 2018) | |
Belgium | 1.6 |
Denmark | 5.7 |
Finland | 2.4 |
France | 1.8 |
Germany | 23.5 |
Ireland | 1.6 |
Italy | 5.2 |
Luxembourg | 1.6 |
Malta | 3.0 |
Netherlands | 2.4 |
Norway | 3.0 |
Poland | 0.9 |
Russian Federation | 1.0 |
Spain | 1.1 |
Sweden | 11.5 |
Switzerland | 7.9 |
Turkey | 0.9 |
United Kingdom | 22.4 |
United States(a) | 2.5 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 33 |
Table of Contents
Columbia Acorn European FundSM
34 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn European FundSM
Columbia Acorn Family of Funds | Semiannual Report 2018 | 35 |
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 | 0.10674 | 0.54539 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Advisor Class | None | 0.14518 | 0.54539 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Class C | None | None | 0.54539 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional Class | None | 0.14518 | 0.54539 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional 2 Class | None | 0.14825 | 0.54539 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional 3 Class | None | 0.15594 | 0.54539 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Columbia Acorn International® | ||||||
Class A | 0.23669 | None | 1.38063 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Advisor Class | 0.23669 | None | 1.38063 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Class C | 0.23669 | None | 1.38063 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional Class | 0.23669 | None | 1.38063 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional 2 Class | 0.23669 | None | 1.38063 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional 3 Class | 0.23669 | None | 1.38063 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Class R | 0.23669 | None | 1.38063 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Columbia Acorn USA® | ||||||
Class A | None | 0.07369 | 0.39855 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Advisor Class | None | 0.11401 | 0.39855 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Class C | None | None | 0.39855 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional Class | None | 0.12102 | 0.39855 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional 2 Class | None | 0.13505 | 0.39855 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional 3 Class | None | 0.14031 | 0.39855 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Columbia Acorn SelectSM | ||||||
Class A | None | 0.29153 | 0.91638 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Advisor Class | None | 0.32744 | 0.91638 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Class C | None | 0.18378 | 0.91638 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional Class | None | 0.32744 | 0.91638 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional 2 Class | None | 0.33606 | 0.91638 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional 3 Class | None | 0.34325 | 0.91638 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Columbia Thermostat FundSM | ||||||
Class A | 0.01830 | 0.02984 | 0.15556 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Advisor Class | 0.01830 | 0.02984 | 0.15556 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Class C | 0.01830 | 0.02984 | 0.15556 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional Class | 0.01830 | 0.02984 | 0.15556 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional 2 Class | 0.01830 | 0.02984 | 0.15556 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional 3 Class | 0.01830 | 0.02984 | 0.15556 | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Columbia Acorn European FundSM | ||||||
Class A | 0.11981 | None | None | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Advisor Class | 0.11981 | None | None | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Class C | 0.11981 | None | None | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional Class | 0.11981 | None | None | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional 2 Class | 0.11981 | None | None | 6/11/2018 | 6/12/2018 | 6/12/2018 |
Institutional 3 Class | 0.11981 | None | None | 6/11/2018 | 6/12/2018 | 6/12/2018 |
36 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
(Unaudited)
January 1, 2018 — June 30, 2018 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Columbia Acorn® Fund | |||||||
Class A | 1,000.00 | 1,000.00 | 1,102.10 | 1,019.55 | 5.66 | 5.44 | 1.08 |
Advisor Class | 1,000.00 | 1,000.00 | 1,103.80 | 1,020.79 | 4.35 | 4.18 | 0.83 |
Class C | 1,000.00 | 1,000.00 | 1,098.10 | 1,015.81 | 9.57 | 9.20 | 1.83 |
Institutional Class | 1,000.00 | 1,000.00 | 1,103.10 | 1,020.79 | 4.35 | 4.18 | 0.83 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,103.70 | 1,020.89 | 4.25 | 4.08 | 0.81 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,103.80 | 1,021.14 | 3.99 | 3.83 | 0.76 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 37 |
Table of Contents
(Unaudited)
January 1, 2018 — June 30, 2018 | |||||||
Account value at the beginning of the period ($) | 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 | 999.40 | 1,018.75 | 6.18 | 6.24 | 1.24 |
Advisor Class | 1,000.00 | 1,000.00 | 1,000.70 | 1,020.00 | 4.94 | 4.99 | 0.99 |
Class C | 1,000.00 | 1,000.00 | 995.80 | 1,015.01 | 9.90 | 10.00 | 1.99 |
Institutional Class | 1,000.00 | 1,000.00 | 1,000.70 | 1,020.00 | 4.94 | 4.99 | 0.99 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,001.10 | 1,020.29 | 4.64 | 4.68 | 0.93 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,001.30 | 1,020.59 | 4.34 | 4.38 | 0.87 |
Class R | 1,000.00 | 1,000.00 | 998.30 | 1,017.50 | 7.42 | 7.49 | 1.49 |
Columbia Acorn USA® | |||||||
Class A | 1,000.00 | 1,000.00 | 1,152.40 | 1,017.80 | 7.67 | 7.19 | 1.43 |
Advisor Class | 1,000.00 | 1,000.00 | 1,154.30 | 1,019.05 | 6.34 | 5.94 | 1.18 |
Class C | 1,000.00 | 1,000.00 | 1,147.80 | 1,014.06 | 11.67 | 10.95 | 2.18 |
Institutional Class | 1,000.00 | 1,000.00 | 1,153.70 | 1,019.05 | 6.34 | 5.94 | 1.18 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,154.40 | 1,019.45 | 5.91 | 5.54 | 1.10 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,154.50 | 1,019.70 | 5.64 | 5.29 | 1.05 |
Columbia Acorn International SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,018.00 | 1,017.95 | 7.04 | 7.04 | 1.40 |
Advisor Class | 1,000.00 | 1,000.00 | 1,019.00 | 1,019.20 | 5.79 | 5.79 | 1.15 |
Class C | 1,000.00 | 1,000.00 | 1,013.80 | 1,014.21 | 10.79 | 10.80 | 2.15 |
Institutional Class | 1,000.00 | 1,000.00 | 1,018.80 | 1,019.20 | 5.79 | 5.79 | 1.15 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,019.70 | 1,019.60 | 5.39 | 5.39 | 1.07 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,019.70 | 1,019.85 | 5.14 | 5.14 | 1.02 |
Columbia Acorn SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,061.60 | 1,019.20 | 5.91 | 5.79 | 1.15 |
Advisor Class | 1,000.00 | 1,000.00 | 1,062.50 | 1,020.44 | 4.63 | 4.53 | 0.90 |
Class C | 1,000.00 | 1,000.00 | 1,058.10 | 1,015.46 | 9.75 | 9.55 | 1.90 |
Institutional Class | 1,000.00 | 1,000.00 | 1,063.20 | 1,020.44 | 4.63 | 4.53 | 0.90 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,063.30 | 1,020.74 | 4.32 | 4.23 | 0.84 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,063.70 | 1,020.99 | 4.06 | 3.98 | 0.79 |
Columbia Acorn Emerging Markets FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 944.90 | 1,017.40 | 7.32 | 7.59 | 1.51 |
Advisor Class | 1,000.00 | 1,000.00 | 946.20 | 1,018.65 | 6.11 | 6.34 | 1.26 |
Class C | 1,000.00 | 1,000.00 | 941.20 | 1,013.66 | 10.94 | 11.35 | 2.26 |
Institutional Class | 1,000.00 | 1,000.00 | 946.60 | 1,018.65 | 6.11 | 6.34 | 1.26 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 946.90 | 1,019.00 | 5.78 | 5.99 | 1.19 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 947.20 | 1,019.25 | 5.53 | 5.74 | 1.14 |
Columbia Acorn European FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,005.90 | 1,017.75 | 7.20 | 7.24 | 1.44 |
Advisor Class | 1,000.00 | 1,000.00 | 1,007.40 | 1,019.00 | 5.96 | 5.99 | 1.19 |
Class C | 1,000.00 | 1,000.00 | 1,002.30 | 1,014.01 | 10.93 | 11.00 | 2.19 |
Institutional Class | 1,000.00 | 1,000.00 | 1,006.90 | 1,019.00 | 5.95 | 5.99 | 1.19 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,007.90 | 1,019.30 | 5.66 | 5.69 | 1.13 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,007.00 | 1,019.55 | 5.40 | 5.44 | 1.08 |
38 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
(Unaudited)
January 1, 2018 — June 30, 2018 | ||||||||||
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 | 1,005.00 | 1,022.44 | 2.50 | 2.52 | 0.50 | 4.60 | 4.64 | 0.92 |
Advisor Class | 1,000.00 | 1,000.00 | 1,005.80 | 1,023.68 | 1.25 | 1.26 | 0.25 | 3.35 | 3.38 | 0.67 |
Class C | 1,000.00 | 1,000.00 | 1,000.20 | 1,018.70 | 6.23 | 6.29 | 1.25 | 8.33 | 8.40 | 1.67 |
Institutional Class | 1,000.00 | 1,000.00 | 1,005.80 | 1,023.68 | 1.25 | 1.26 | 0.25 | 3.35 | 3.38 | 0.67 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,005.70 | 1,023.83 | 1.10 | 1.11 | 0.22 | 3.20 | 3.23 | 0.64 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,005.80 | 1,024.08 | 0.85 | 0.86 | 0.17 | 2.95 | 2.98 | 0.59 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 39 |
Table of Contents
Columbia Acorn® Fund, June 30, 2018 (Unaudited)
Common Stocks 96.0% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 19.8% | ||
Auto Components 3.6% | ||
Cooper-Standard Holding, Inc.(a) Sealing, fuel and brake delivery, fluid transfer systems, anti-vibration systems components, subsystems, and modules | 381,375 | 49,834,271 |
Dorman Products, Inc.(a) Automotive products and home hardware | 419,384 | 28,648,121 |
Gentex Corp. Products that use electro-optic technology | 1,395,983 | 32,135,529 |
LCI Industries Recreational vehicles and equipment | 314,881 | 28,386,522 |
Tenneco, Inc. Emission control and ride control products and systems | 710,483 | 31,232,833 |
Total | 170,237,276 | |
Distributors 1.7% | ||
LKQ Corp.(a) Automotive products and services | 593,633 | 18,936,893 |
Pool Corp. Swimming pool supplies, equipment and leisure products | 404,067 | 61,216,150 |
Total | 80,153,043 | |
Diversified Consumer Services 2.5% | ||
Adtalem Global Education, Inc.(a) Higher education institutions | 962,394 | 46,291,152 |
Bright Horizons Family Solutions, Inc.(a) Child care and early education services | 290,295 | 29,761,043 |
Grand Canyon Education, Inc.(a) Online post secondary education | 398,464 | 44,472,567 |
Total | 120,524,762 | |
Hotels, Restaurants & Leisure 5.2% | ||
Dave & Buster’s Entertainment, Inc.(a) Venues that combine dining and entertainment for adults and families | 751,597 | 35,776,017 |
Domino’s Pizza, Inc. Network of company-owned and franchise Domino’s Pizza stores | 91,833 | 25,912,518 |
Dunkin’ Brands Group, Inc. Quick service restaurants serving hot and cold coffee and baked goods | 439,602 | 30,363,310 |
Extended Stay America, Inc. Hotels and motels | 1,545,157 | 33,390,843 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Papa John’s International, Inc.(b) Pizza delivery and carry-out restaurants | 174,618 | 8,856,625 |
Texas Roadhouse, Inc. Moderately priced, full service restaurant chain | 885,011 | 57,977,070 |
Vail Resorts, Inc. Operates resorts globally | 81,062 | 22,226,390 |
Wingstop, Inc. Cooked-to-order chicken wings | 643,639 | 33,546,465 |
Total | 248,049,238 | |
Household Durables 1.6% | ||
Cavco Industries, Inc.(a) Designs and manufactures systems-built structures | 139,806 | 29,030,716 |
iRobot Corp.(a),(b) Manufactures robots for cleaning | 376,562 | 28,532,102 |
NVR, Inc.(a) Builds and markets homes and conducts mortgage banking activities | 6,100 | 18,119,135 |
Total | 75,681,953 | |
Internet & Direct Marketing Retail 0.8% | ||
Wayfair, Inc., Class A(a) Retails household goods online | 303,419 | 36,034,040 |
Leisure Products 0.8% | ||
Brunswick Corp. Consumer products serving the outdoor and indoor active recreation markets | 614,352 | 39,613,417 |
Media 0.5% | ||
Cable One, Inc. Cable company | 33,500 | 24,565,215 |
Specialty Retail 2.5% | ||
Five Below, Inc.(a) Specialty value retailer | 319,361 | 31,204,763 |
Monro, Inc. Automotive undercar repair and tire services | 362,003 | 21,032,374 |
Tractor Supply Co. Retail farm store chain | 561,854 | 42,976,213 |
Ulta Beauty, Inc.(a) Chain of beauty stores | 94,556 | 22,075,044 |
Total | 117,288,394 |
40 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn® Fund, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Textiles, Apparel & Luxury Goods 0.6% | ||
Carter’s, Inc. Markets baby and young children’s apparel | 260,000 | 28,181,400 |
Total Consumer Discretionary | 940,328,738 | |
Consumer Staples 2.7% | ||
Food & Staples Retailing 1.1% | ||
U.S. Foods Holding Corp.(a) Catering services | 1,336,033 | 50,528,768 |
Household Products 1.2% | ||
Central Garden & Pet Co.(a),(c) Lawn, garden & pet supply products | 745,000 | 32,392,600 |
WD-40 Co. Multi-purpose lubricant products and heavy-duty hand cleaners | 164,398 | 24,043,207 |
Total | 56,435,807 | |
Personal Products 0.4% | ||
Inter Parfums, Inc. Fragrances and related products | 367,951 | 19,685,379 |
Total Consumer Staples | 126,649,954 | |
Energy 1.1% | ||
Oil, Gas & Consumable Fuels 1.1% | ||
Cimarex Energy Co. Crude oil and natural gas | 147,390 | 14,995,459 |
Diamondback Energy, Inc. Independent oil and natural gas company | 294,534 | 38,751,838 |
Total | 53,747,297 | |
Total Energy | 53,747,297 | |
Financials 8.5% | ||
Banks 1.6% | ||
BOK Financial Corp. Multi-bank holding company | 367,144 | 34,515,207 |
SVB Financial Group(a) Holding company for Silicon Valley Bank | 148,227 | 42,802,029 |
Total | 77,317,236 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Capital Markets 5.8% | ||
Ares Management LP Asset management firm | 1,465,000 | 30,325,500 |
Eaton Vance Corp. Creates, markets, and manages mutual funds | 943,078 | 49,219,241 |
Factset Research Systems, Inc. Global economic and financial data to analysts, investment bankers, and financial professionals | 164,763 | 32,639,550 |
Houlihan Lokey, Inc. Investment bank | 624,963 | 32,010,605 |
Lazard Ltd., Class A Corporate Advisory & Asset Management | 1,173,299 | 57,386,054 |
MarketAxess Holdings, Inc. Electronic, multi-dealer to client platform for bond trading | 160,939 | 31,843,391 |
Raymond James Financial, Inc. Financial services to individuals, corporations, and municipalities | 446,709 | 39,913,449 |
Total | 273,337,790 | |
Consumer Finance 0.6% | ||
Credit Acceptance Corp.(a) Funding, receivables management, collection, sales training, and related services to automobile dealers | 82,711 | 29,230,067 |
Insurance 0.5% | ||
Primerica, Inc. Distributes financial products to middle income households | 245,000 | 24,402,000 |
Total Financials | 404,287,093 | |
Health Care 20.0% | ||
Biotechnology 4.0% | ||
Agios Pharmaceuticals, Inc.(a) Therapeutics in the field of cancer metabolism | 212,809 | 17,924,902 |
Alkermes PLC(a) Develops treatments for central nervous system disorders | 485,253 | 19,973,013 |
Ligand Pharmaceuticals, Inc.(a) Drugs that regulate hormone activated intracellular receptors | 277,166 | 57,420,480 |
Loxo Oncology, Inc.(a) Researches and develops cancer drugs | 114,070 | 19,788,864 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 41 |
Table of Contents
Columbia Acorn® Fund, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Seattle Genetics, Inc.(a) Monoclonal antibody-based drugs to treat cancer and related diseases | 674,494 | 44,779,657 |
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 392,364 | 30,161,021 |
Total | 190,047,937 | |
Health Care Equipment & Supplies 6.9% | ||
Align Technology, Inc.(a) Designs, manufactures, and markets the Invisalign System | 73,647 | 25,197,584 |
AxoGen, Inc.(a) Technologies for peripheral nerve reconstruction and regeneration | 624,339 | 31,373,035 |
Haemonetics Corp.(a) Automated blood processing systems | 276,947 | 24,836,607 |
iRhythm Technologies, Inc.(a) Medical instruments | 421,643 | 34,207,897 |
LivaNova PLC(a) Medical technology focusing on neuromodulation, cardiac surgery and rhythm management | 305,000 | 30,445,100 |
Masimo Corp.(a) Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 870,420 | 84,996,513 |
Penumbra, Inc.(a) Peripheral vascular & neurovascular devices | 128,000 | 17,683,200 |
ResMed, Inc. Medical equipment for the treatment of sleep disordered breathing | 322,545 | 33,409,211 |
Varex Imaging Corp.(a) X-ray imaging components | 669,059 | 24,815,398 |
Varian Medical Systems, Inc.(a) Medical equipment | 182,447 | 20,747,873 |
Total | 327,712,418 | |
Health Care Providers & Services 4.1% | ||
Amedisys, Inc.(a) Provider of alternate-site health care services | 692,504 | 59,181,392 |
AMN Healthcare Services, Inc.(a) Temporary healthcare staffing | 475,389 | 27,857,795 |
Chemed Corp. Hospice and palliative care services | 132,300 | 42,575,463 |
Encompass Health Corp. Inpatient rehabilitative healthcare services | 930,237 | 62,995,650 |
Total | 192,610,300 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Technology 1.6% | ||
Evolent Health, Inc., Class A(a) Purpose-built platform enables providers to migrate their payment models | 1,111,064 | 23,387,897 |
Veeva Systems Inc., Class A(a) Cloud-based business services | 710,556 | 54,613,334 |
Total | 78,001,231 | |
Life Sciences Tools & Services 3.4% | ||
Bio-Techne Corp. Biotechnology products and clinical diagnostic controls | 482,462 | 71,380,253 |
Mettler-Toledo International, Inc.(a) Weighing instruments for use in laboratory, industrial, and food retailing applications | 30,543 | 17,673,096 |
Pra Health Sciences, Inc.(a) Global contract research organization | 784,432 | 73,234,572 |
Total | 162,287,921 | |
Total Health Care | 950,659,807 | |
Industrials 14.3% | ||
Aerospace & Defense 0.7% | ||
HEICO Corp., Class A Aerospace products and services | 559,795 | 34,119,505 |
Air Freight & Logistics 0.5% | ||
Expeditors International of Washington, Inc. Global logistics company | 330,439 | 24,155,091 |
Commercial Services & Supplies 1.8% | ||
Brink’s Co. (The) Provides security services globally | 380,358 | 30,333,550 |
Copart, Inc.(a) Services to process and sell salvage vehicles through auctions | 438,776 | 24,817,171 |
Unifirst Corp. Workplace uniforms and protective clothing | 176,205 | 31,170,664 |
Total | 86,321,385 |
42 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn® Fund, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Machinery 6.4% | ||
Gardner Denver Holdings, Inc.(a) Vacuum systems, bottle blowers, pumps and air & gas compressors | 575,000 | 16,899,250 |
Graco, Inc. Technology for the management of fluids in industrial and commercial applications | 1,234,634 | 55,830,149 |
ITT, Inc. Engineered components & customized technology solutions | 523,500 | 27,363,345 |
Nordson Corp. Systems that apply adhesives, sealants, and coatings to products during manufacturing | 258,744 | 33,225,317 |
Oshkosh Corp. Fire and emergency apparatuses and specialty commercial, and military trucks | 441,462 | 31,043,608 |
Toro Co. (The) Turf equipment | 918,438 | 55,335,889 |
WABCO Holdings, Inc.(a) Electronic braking, stability, suspension, and transmission control systems commercial vehicles | 388,178 | 45,424,590 |
Woodward, Inc. Energy control systems and components for aircraft, industrial engines and turbines | 504,500 | 38,775,870 |
Total | 303,898,018 | |
Professional Services 1.9% | ||
CoStar Group, Inc.(a) Provides building-specific information to the United States commercial real estate industry and related industries | 61,466 | 25,362,716 |
ManpowerGroup, Inc. Non-governmental employment services | 367,737 | 31,647,446 |
Robert Half International, Inc. Temporary and permanent staffing services | 528,720 | 34,419,672 |
Total | 91,429,834 | |
Road & Rail 2.1% | ||
JB Hunt Transport Services, Inc. Logistics services | 165,266 | 20,088,083 |
Old Dominion Freight Line, Inc. Inter-regional and multi-regional motor carrier | 534,818 | 79,666,489 |
Total | 99,754,572 | |
Trading Companies & Distributors 0.9% | ||
Watsco, Inc. Air conditioning, heating, and refrigeration equipment | 234,128 | 41,740,340 |
Total Industrials | 681,418,745 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Information Technology 23.2% | ||
Electronic Equipment, Instruments & Components 3.3% | ||
CDW Corp. IT products and services | 606,575 | 49,005,194 |
Cognex Corp. Machine vision systems | 780,000 | 34,795,800 |
Coherent, Inc.(a) Laser-based photonic products | 58,000 | 9,072,360 |
II-VI, Inc.(a) Optical and optoelectronic devices | 500,550 | 21,748,898 |
IPG Photonics Corp.(a) High-power fiber lasers and amplifiers | 187,098 | 41,279,432 |
Total | 155,901,684 | |
Internet Software & Services 3.5% | ||
Alteryx, Inc., Class A(a),(b) Data storage, retrieval, management, reporting, and analytics solutions | 685,198 | 26,147,156 |
Mimecast Ltd.(a) Cloud security and risk management services for corporate information and email | 476,700 | 19,644,807 |
MINDBODY, Inc., Class A(a) Business management software | 911,360 | 35,178,496 |
Nutanix, Inc., Class A(a) Enterprise cloud platforms | 353,803 | 18,245,621 |
Q2 Holdings, Inc.(a) Secure, cloud-based virtual banking solutions | 390,631 | 22,285,498 |
Quotient Technology, Inc.(a) Operates a promotion platform | 1,597,710 | 20,930,001 |
VeriSign, Inc.(a) Domain names and Internet security services | 177,571 | 24,401,807 |
Total | 166,833,386 | |
IT Services 4.6% | ||
Black Knight, Inc.(a) Integrated technology, work flow automation, data and analytic solutions | 622,215 | 33,319,613 |
Booz Allen Hamilton Holdings Corp. Technology consulting services to the U.S. government in the defense, intelligence, and civil markets | 1,062,403 | 46,458,883 |
Broadridge Financial Solutions, Inc. Technology-based outsourcing solutions to the financial services industry | 294,817 | 33,933,437 |
CoreLogic, Inc.(a) Consumer, financial and property information, analytics and services to business and government | 368,760 | 19,138,644 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 43 |
Table of Contents
Columbia Acorn® Fund, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
EPAM Systems, Inc.(a) Provides software development, outsourcing services, e-business, enterprise relationship management and content management solutions | 291,000 | 36,180,030 |
Gartner, Inc.(a) Research and analysis on computer hardware, software, communications, and information technology | 212,622 | 28,257,464 |
GreenSky, Inc., Class A(a) Technology company | 1,096,242 | 23,185,518 |
Total | 220,473,589 | |
Semiconductors & Semiconductor Equipment 6.1% | ||
Advanced Energy Industries, Inc.(a) Engineered precision power conversion, measurement and control solutions | 665,818 | 38,677,368 |
Brooks Automation, Inc. Automation solutions for the global semiconductor and related industries | 1,123,474 | 36,647,722 |
Cabot Microelectronics Corp. Slurries used in chemical mechanical planarization | 384,000 | 41,303,040 |
Inphi Corp.(a),(b) Analog semiconductor solutions | 634,916 | 20,704,611 |
MKS Instruments, Inc. Instruments and components used to control and analyze gases in semiconductor manufacturing | 437,784 | 41,895,929 |
Monolithic Power Systems, Inc. Power management solutions | 225,441 | 30,134,698 |
Semtech Corp.(a) Analog and mixed-signal semiconductors | 861,391 | 40,528,446 |
Teradyne, Inc. Semiconductor test products and services | 1,005,400 | 38,275,578 |
Total | 288,167,392 | |
Software 5.7% | ||
ANSYS, Inc.(a) Software solutions for design analysis and optimization | 207,331 | 36,112,914 |
Blackline, Inc.(a) Develops and markets enterprise software | 497,040 | 21,586,447 |
Cadence Design Systems, Inc.(a) Software technology, design and consulting services and technology | 1,388,503 | 60,136,065 |
CyberArk Software Ltd.(a) IT security solutions | 423,051 | 26,635,291 |
Guidewire Software, Inc.(a) Enterprise software for the property and casualty insurance industry | 226,040 | 20,067,831 |
Proofpoint, Inc.(a) On-demand data protection solutions | 191,000 | 22,024,210 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Qualys, Inc.(a) Information technology security risk and compliance management solutions | 417,251 | 35,174,259 |
Synopsys, Inc.(a) Electronic design automation solutions | 294,590 | 25,208,066 |
Ultimate Software Group, Inc. (The)(a) Software solutions | 89,935 | 23,141,175 |
Total | 270,086,258 | |
Total Information Technology | 1,101,462,309 | |
Materials 2.6% | ||
Chemicals 1.6% | ||
Celanese Corp., Class A Global integrated producer of chemicals and advanced materials | 271,263 | 30,126,469 |
PolyOne Corp. International polymer services company | 575,000 | 24,851,500 |
Quaker Chemical Corp. Custom-formulated chemical specialty products | 151,400 | 23,447,318 |
Total | 78,425,287 | |
Containers & Packaging 1.0% | ||
Avery Dennison Corp. Pressure-sensitive materials and a variety of tickets, tags and labels | 279,691 | 28,556,451 |
Sealed Air Corp. Packaging and performance-based materials and equipment | 448,600 | 19,043,070 |
Total | 47,599,521 | |
Total Materials | 126,024,808 | |
Real Estate 2.9% | ||
Equity Real Estate Investment Trusts (REITS) 2.2% | ||
Coresite Realty Corp. Develops, owns & operates data centers | 321,881 | 35,670,853 |
Equity LifeStyle Properties, Inc. Acquires properties such as camping grounds and seasonal resort communities | 213,266 | 19,599,145 |
Lamar Advertising Co., Class A Outdoor advertising structures | 684,333 | 46,746,787 |
Total | 102,016,785 | |
Real Estate Management & Development 0.7% | ||
Jones Lang LaSalle, Inc. Real estate and investment management services | 210,632 | 34,962,806 |
Total Real Estate | 136,979,591 |
44 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn® Fund, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Telecommunication Services 0.9% | ||
Diversified Telecommunication Services 0.4% | ||
Zayo Group Holdings, Inc.(a) Global provider of bandwidth infrastructure services | 547,191 | 19,961,528 |
Wireless Telecommunication Services 0.5% | ||
Boingo Wireless, Inc.(a) Mobile internet services | 965,652 | 21,814,078 |
Total Telecommunication Services | 41,775,606 | |
Total Common Stocks (Cost: $3,106,264,249) | 4,563,333,948 | |
Limited Partnerships 0.4% | ||
Consumer Discretionary 0.4% | ||
Hotels, Restaurants & Leisure 0.4% | ||
Cedar Fair LP Owns and operates amusement parks | 326,046 | 20,544,159 |
Total Consumer Discretionary | 20,544,159 | |
Total Limited Partnerships (Cost: $21,498,282) | 20,544,159 | |
Securities Lending Collateral 1.1% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 1.810%(d),(e) | 50,735,444 | 50,735,444 |
Total Securities Lending Collateral (Cost: $50,735,444) | 50,735,444 | |
Money Market Funds 2.7% | ||
JPMorgan U.S. Government Money Market Fund, IM Shares, 1.819%(d) | 127,557,532 | 127,557,532 |
Total Money Market Funds (Cost: $127,557,532) | 127,557,532 | |
Total Investments in Securities (Cost $3,306,055,507) | 4,762,171,083 | |
Obligation to Return Collateral for Securities Loaned | (50,735,444) | |
Other Assets & Liabilities, Net | 42,360,019 | |
Net Assets | $4,753,795,658 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at June 30, 2018. The total market value of securities on loan at June 30, 2018 was $49,634,346. |
(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 six months ended June 30, 2018, are as follows. The aggregate cost and value of these companies at June 30, 2018, was $30,351,061 and $32,392,600, respectively. Investments in affiliated companies represented 0.68% of the Fund’s total net assets at June 30, 2018. |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Celldex Therapeutics, Inc. † | ||||||||
8,126,489 | — | (8,126,489) | — | (17,193,753) | 1,501,758 | — | — | |
Central Garden & Pet Co. ‡ | ||||||||
— | 745,000 | — | 745,000 | — | 2,041,539 | — | 32,392,600 | |
Total of Affiliated Transactions | (17,193,753) | 3,543,297 | — | 32,392,600 |
† | Issuer was not an affiliate at the end of period. |
‡ | Issuer was not an affiliate at the beginning of period. |
(d) | The rate shown is the seven-day current annualized yield at June 30, 2018. |
(e) | Investment made with cash collateral received from securities lending activity. |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 45 |
Table of Contents
Columbia Acorn® Fund, June 30, 2018 (Unaudited)
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Consumer Discretionary | 940,328,738 | — | — | 940,328,738 |
Consumer Staples | 126,649,954 | — | — | 126,649,954 |
Energy | 53,747,297 | — | — | 53,747,297 |
Financials | 404,287,093 | — | — | 404,287,093 |
Health Care | 950,659,807 | — | — | 950,659,807 |
Industrials | 681,418,745 | — | — | 681,418,745 |
Information Technology | 1,101,462,309 | — | — | 1,101,462,309 |
Materials | 126,024,808 | — | — | 126,024,808 |
Real Estate | 136,979,591 | — | — | 136,979,591 |
Telecommunication Services | 41,775,606 | — | — | 41,775,606 |
Total Common Stocks | 4,563,333,948 | — | — | 4,563,333,948 |
Limited Partnerships | ||||
Consumer Discretionary | 20,544,159 | — | — | 20,544,159 |
Total Limited Partnerships | 20,544,159 | — | — | 20,544,159 |
Securities Lending Collateral | 50,735,444 | — | — | 50,735,444 |
Money Market Funds | 127,557,532 | — | — | 127,557,532 |
Total Investments in Securities | 4,762,171,083 | — | — | 4,762,171,083 |
46 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn International®, June 30, 2018 (Unaudited)
Common Stocks 96.3% | ||
Issuer | Shares | Value ($) |
Australia 1.7% | ||
carsales.com Ltd. Automotive & related industry websites | 3,859,000 | 43,135,487 |
DuluxGroup Ltd. Manufactures and supplies paints and other surface coatings | 3,872,000 | 21,893,919 |
National Storage REIT Owns self storage facilities | 726,693 | 884,776 |
Total | 65,914,182 | |
Belgium 0.4% | ||
Melexis NV Advanced integrated semiconductors, sensor ICs, and programmable sensor IC systems | 159,030 | 14,722,465 |
Brazil 1.2% | ||
Odontoprev SA Dental benefits company | 3,809,000 | 12,972,663 |
Qualicorp SA Insurance and benefits packages | 3,746,000 | 17,784,016 |
Raia Drogasil SA Chain of pharmaceutical stores | 1,082,000 | 18,288,543 |
Total | 49,045,222 | |
Cambodia 0.5% | ||
NagaCorp Ltd. Leisure and tourism company | 20,536,000 | 18,625,081 |
Canada 5.8% | ||
CAE, Inc. Training solutions based on simulation technology and integrated training services | 2,499,934 | 51,932,604 |
CCL Industries, Inc. Manufacturing services and specialty packaging products for the non-durable consumer products market | 2,353,220 | 115,365,329 |
CES Energy Solutions Corp. Oil and natural gas industry | 3,140,000 | 10,724,223 |
ShawCor Ltd. Energy services company | 1,209,367 | 23,476,245 |
Winpak Ltd. Packaging materials and machines for the protection of perishables | 880,000 | 29,452,706 |
Total | 230,951,107 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Cayman Islands 1.9% | ||
Gourmet Master Co., Ltd. Coffee & bakery cafes | 1,450,656 | 14,015,162 |
Parade Technologies Ltd. Fabless semiconductor company | 1,986,000 | 33,219,208 |
Silicon Motion Technology Corp., ADR Semiconductor products | 567,000 | 29,988,630 |
Total | 77,223,000 | |
China 4.3% | ||
51job, Inc., ADR(a) Integrated human resource services | 352,772 | 34,444,658 |
58.Com, Inc., ADR(a) Local life service platform | 315,107 | 21,849,520 |
China Medical System Holdings Ltd. Pharmaceutical and medical products | 9,151,000 | 18,227,395 |
New Oriental Education & Technology Group, Inc., ADR Educational services | 466,864 | 44,193,346 |
Shenzhou International Group Holdings Ltd. Manufactures and processes textiles | 2,498,000 | 30,738,849 |
TravelSky Technology Ltd., Class H IT solutions for China’s air travel and tourism industries | 7,100,000 | 20,608,700 |
Total | 170,062,468 | |
Denmark 4.7% | ||
Novozymes AS, Class B Enzymes for industrial use | 1,372,079 | 69,397,344 |
SimCorp AS Global provider of highly specialised software for the investment management industry | 838,367 | 67,711,570 |
William Demant Holding AS(a) Hearing aids, audiometers, tympanometers, diagnostic instruments, and wireless communication equipment | 1,221,031 | 49,002,509 |
Total | 186,111,423 | |
France 0.4% | ||
Elior Group SA Provides catering, cleaning, and facility management services | 1,208,500 | 17,418,090 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 47 |
Table of Contents
Columbia Acorn International®, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Germany 8.7% | ||
AURELIUS Equity Opportunities SE & Co. KGaA Loans to distressed companies | 245,007 | 14,501,555 |
CTS Eventim AG & Co. KGaA Online ticket sales | 570,000 | 27,985,699 |
Fielmann AG Prescription eyeglasses, specialty glasses, sunglasses, contact lenses, and optical supplies | 440,000 | 30,421,714 |
KION Group AG Material handling solutions | 316,000 | 22,682,305 |
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 445,000 | 85,235,959 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 191,000 | 22,892,617 |
Rational AG Food preparation appliances/processors and kitchen accessories | 66,275 | 43,158,868 |
Stroeer SE & Co. KGaA Digital multi-channel media company | 627,251 | 37,870,210 |
Wirecard AG Internet payment and processing services | 367,000 | 58,727,497 |
Total | 343,476,424 | |
Hong Kong 1.0% | ||
ASM Pacific Technology Ltd. Machines, tools & materials used in the semiconductor industry | 1,646,800 | 20,755,490 |
Value Partners Group Ltd. Independent, value oriented asset management group | 24,498,000 | 19,262,552 |
Total | 40,018,042 | |
India 1.4% | ||
Havells India Ltd. Manufactures electrical products | 2,775,000 | 22,001,400 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 4,125,681 | 32,781,554 |
Total | 54,782,954 | |
Indonesia 0.8% | ||
PT Matahari Department Store Tbk Retail clothes, accessories, bags, shoes, cosmetics, household appliances, and management consulting services. | 52,107,800 | 31,913,673 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Ireland 1.1% | ||
UDG Healthcare PLC Commercialisation solutions for health care companies | 4,148,000 | 45,077,710 |
Italy 3.2% | ||
Brembo SpA Braking systems and components | 5,509,337 | 74,303,145 |
Davide Campari-Milano SpA Global producer & distributor of branded spirits, wines and soft drinks | 3,276,000 | 26,889,168 |
Industria Macchine Automatiche SpA Packaging machinery for the food, pharmaceuticals, and cosmetics industries | 290,000 | 25,163,674 |
Total | 126,355,987 | |
Japan 22.2% | ||
Aeon Credit Service Co., Ltd. Credit card company | 1,491,000 | 31,779,216 |
Aeon Mall Co., Ltd. Large-scale shopping malls | 2,345,500 | 42,076,033 |
Amano Corp. Electronic time recorders and information systems | 913,000 | 21,566,523 |
Asahi Intecc Co., Ltd. Manufactures medical tools and stainless wire rope | 955,400 | 36,072,162 |
Azbil Corp. Provides measurement and control technologies | 456,000 | 19,841,191 |
cocokara fine, Inc. Drug chain stores | 349,000 | 21,458,075 |
CyberAgent, Inc. Operates websites, internet advertising agency and creates PC and mobile contents | 419,300 | 25,146,818 |
Daiseki Co., Ltd. Waste Disposal & Recycling | 582,400 | 17,075,157 |
Disco Corp. Abrasive and precision industrial machinery for cutting and grinding purposes | 164,800 | 28,056,052 |
Fuji Oil Holdings, Inc. Specialty vegetable oils and fats | 1,276,000 | 45,869,447 |
Glory Ltd. Vending machines, coin-operated lockers, money handling machines, and data processing terminals | 1,032,900 | 28,860,106 |
Hikari Tsushin, Inc. Distribution network, telecommunication, office automation equipment, in-house products and individual insurance plans | 384,428 | 67,466,834 |
Kansai Paint Paints and related products | 1,050,000 | 21,790,104 |
48 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn International®, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
KH Neochem Co., Ltd. Manufactures and sells petroleum chemical products | 15,500 | 468,981 |
Mandom Corp. Cosmetic products for men and women | 688,400 | 21,410,004 |
Miura Co., Ltd. Industrial boilers and related equipment | 960,400 | 23,303,967 |
MonotaRO Co., Ltd(b) Machine tools, engine parts, and factory consumable goods | 522,800 | 23,095,027 |
Nabtesco Corp. Aircraft and hydraulic products | 640,000 | 19,663,936 |
NGK Insulators Ltd. Electrical insulators, industrial ceramic products, environmental systems and electronic parts | 1,375,200 | 24,434,667 |
Nissan Chemical Industries Ltd. Variety of chemical products | 902,000 | 42,017,011 |
Obic Co., Ltd. Computer system integration, office automation, consultation, and system support services | 400,100 | 33,054,899 |
OSG Corp. Manufactures machine tool equipment | 1,128,300 | 23,207,593 |
Otsuka Corp. Computer information system and software | 494,000 | 19,338,793 |
Persol Holdings Co., Ltd. Human resource solutions | 1,768,000 | 39,374,059 |
Santen Pharmaceutical Co., Ltd. Ophthalmic medicine | 2,662,000 | 46,309,257 |
Sekisui Chemical Co., Ltd. Unit residential houses in addition to parcels of land | 2,639,500 | 44,899,473 |
Seria Co., Ltd. Operates 100 yen chain stores | 991,000 | 47,493,151 |
Sohgo Security Services Co., Ltd. Around the clock security services | 641,400 | 30,176,377 |
Sony Financial Holdings, Inc. Financial holding company | 1,113,000 | 21,206,102 |
Ushio, Inc. Lamps and optical equipment | 1,246,100 | 15,825,090 |
Total | 882,336,105 | |
Malta 1.8% | ||
Unibet Group PLC Online gambling services | 5,704,948 | 71,470,248 |
Mexico 1.6% | ||
Grupo Aeroportuario del Sureste SAB de CV, ADR(b) Operates airports in Mexico | 393,900 | 62,693,124 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Netherlands 1.4% | ||
Aalberts Industries NV Industrial services and flow control systems | 1,183,797 | 56,550,545 |
Philippines 0.5% | ||
Universal Robina Corp. Branded consumer foods | 8,800,000 | 19,919,185 |
Poland 0.3% | ||
KRUK SA Debt collection services | 214,000 | 11,404,434 |
Russian Federation 0.4% | ||
TCS Group Holding PLC, GDR Online retail financial services | 821,000 | 16,994,700 |
Singapore 1.8% | ||
Mapletree Commercial Trust Singapore-focused real estate investment trust | 32,720,300 | 37,703,776 |
Singapore Exchange Singapore’s Securities and derivatives exchange and clearing houses | 6,123,200 | 32,176,825 |
Total | 69,880,601 | |
South Africa 1.5% | ||
Clicks Group Ltd. Owns and operates chains of retail stores | 2,058,748 | 29,395,655 |
PSG Group Ltd. Diversified financial services | 1,986,169 | 31,242,983 |
Total | 60,638,638 | |
South Korea 4.2% | ||
CJ Logistics Corp.(a) Logistics services | 178,764 | 26,959,739 |
GS Retail Co., Ltd. Chain of retail stores | 670,961 | 26,477,297 |
Koh Young Technology, Inc. 3D measurement and inspection equipment for testing various machineries | 251,000 | 22,946,339 |
Korea Investment Holdings Co., Ltd. Financial holding company | 493,000 | 37,172,010 |
Korea Zinc Co. Ltd. Non-ferrous metal smelting | 114,000 | 39,485,869 |
Modetour Network, Inc. Travel services | 555,515 | 13,548,516 |
Total | 166,589,770 | |
Spain 0.8% | ||
Prosegur Cia de Seguridad SA, Registered Shares Security and transportation services | 5,000,000 | 32,571,239 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 49 |
Table of Contents
Columbia Acorn International®, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sweden 4.8% | ||
Hexagon AB, Class B Design, measurement and visualisation technologies | 1,662,231 | 92,365,463 |
NetEnt AB Develops and markets computer gaming software | 3,854,000 | 20,470,993 |
Sweco AB, Class B Consulting company specializing in engineering, environmental technology, and architecture | 772,443 | 18,185,612 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 2,710,587 | 57,637,139 |
Total | 188,659,207 | |
Switzerland 2.4% | ||
Bossard Holding AG, Class A, Registered Shares Fastening devices, industrial adhesives & tools | 73,000 | 13,532,630 |
Inficon Holding AG Vacuum instruments used to monitor and control production processes | 25,000 | 12,707,761 |
Partners Group Holding AG Global private markets asset management firm | 92,000 | 67,256,229 |
Total | 93,496,620 | |
Taiwan 0.7% | ||
Silergy Corp. High performance analog integrated circuits | 1,085,000 | 26,364,772 |
Thailand 0.9% | ||
Muangthai Leasing PCL, Foreign Registered Shares Commercial lending company | 7,444,200 | 7,418,599 |
Tisco Financial Group PCL Bank holding company | 10,621,000 | 26,903,597 |
Total | 34,322,196 | |
United Kingdom 12.8% | ||
Ascential PLC Media and consultancy services | 3,537,056 | 21,055,720 |
Croda International PLC Chemicals and chemical products | 691,401 | 43,680,741 |
Domino’s Pizza Group PLC Pizza delivery stores | 6,479,327 | 29,571,199 |
DS Smith PLC Provides corrugated packaging services | 3,449,569 | 23,635,292 |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 4,062,325 | 73,147,466 |
Intermediate Capital Group PLC Private equity firm | 3,049,079 | 44,171,721 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 22,831,609 | 105,268,103 |
Rightmove PLC Website that lists properties across Britain | 944,752 | 66,040,501 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 802,262 | 68,796,870 |
WH Smith PLC Retails books, magazines, newspapers, and periodicals | 1,294,564 | 34,075,612 |
Total | 509,443,225 | |
United States 1.1% | ||
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 590,087 | 45,359,988 |
Total Common Stocks (Cost: $2,642,697,569) | 3,820,392,425 |
Preferred Stocks 1.1% | |||
Issuer | Shares | Value ($) | |
Germany 1.1% | |||
Sartorius AG Precision electronic equipment and components | 295,000 | 43,917,004 | |
Total Preferred Stocks (Cost: $29,150,140) | 43,917,004 |
Securities Lending Collateral 0.4% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 1.810%(c),(d) | 14,853,961 | 14,853,961 |
Total Securities Lending Collateral (Cost: $14,853,961) | 14,853,961 | |
50 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn International®, June 30, 2018 (Unaudited)
Money Market Funds 2.4% | ||
Shares | Value ($) | |
JPMorgan U.S. Government Money Market Fund, IM Shares, 1.819%(c) | 95,244,402 | 95,244,402 |
Total Money Market Funds (Cost: $95,244,402) | 95,244,402 | |
Total Investments in Securities (Cost: $2,781,946,072) | 3,974,407,792 | |
Obligation to Return Collateral for Securities Loaned | (14,853,961) | |
Other Assets & Liabilities, Net | 5,629,536 | |
Net Assets | $3,965,183,367 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
MSCI EAFE Index | 239 | 09/2018 | USD | 23,367,030 | — | (921,931) |
MSCI Emerging Markets Index | 114 | 09/2018 | USD | 6,060,810 | — | (379,899) |
Total | — | (1,301,830) |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at June 30, 2018. The total market value of securities on loan at June 30, 2018 was $14,348,902. |
(c) | The rate shown is the seven-day current annualized yield at June 30, 2018. |
(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) |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 51 |
Table of Contents
Columbia Acorn International®, June 30, 2018 (Unaudited)
The Committee meets as necessary, and no less frequently than quarterly, to determine fair values for securities for which market quotations are not readily available or for which Columbia Wanger Asset Management believes that available market quotations are unreliable. The Committee also reviews the continuing appropriateness of the Policies. In circumstances where a security has been fair valued, the Committee will also review the continuing appropriateness of the current value of the security. The Policies address, among other things: circumstances under which market quotations will be deemed readily available; selection of third party pricing vendors; appropriate pricing methodologies; events that 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 ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Australia | — | 65,914,182 | — | 65,914,182 |
Belgium | — | 14,722,465 | — | 14,722,465 |
Brazil | 49,045,222 | — | — | 49,045,222 |
Cambodia | — | 18,625,081 | — | 18,625,081 |
Canada | 230,951,107 | — | — | 230,951,107 |
Cayman Islands | 29,988,630 | 47,234,370 | — | 77,223,000 |
China | 100,487,524 | 69,574,944 | — | 170,062,468 |
Denmark | — | 186,111,423 | — | 186,111,423 |
France | — | 17,418,090 | — | 17,418,090 |
Germany | — | 343,476,424 | — | 343,476,424 |
Hong Kong | — | 40,018,042 | — | 40,018,042 |
India | — | 54,782,954 | — | 54,782,954 |
Indonesia | — | 31,913,673 | — | 31,913,673 |
Ireland | — | 45,077,710 | — | 45,077,710 |
Italy | — | 126,355,987 | — | 126,355,987 |
Japan | — | 882,336,105 | — | 882,336,105 |
Malta | — | 71,470,248 | — | 71,470,248 |
Mexico | 62,693,124 | — | — | 62,693,124 |
Netherlands | — | 56,550,545 | — | 56,550,545 |
Philippines | — | 19,919,185 | — | 19,919,185 |
Poland | — | 11,404,434 | — | 11,404,434 |
Russian Federation | — | 16,994,700 | — | 16,994,700 |
Singapore | — | 69,880,601 | — | 69,880,601 |
South Africa | — | 60,638,638 | — | 60,638,638 |
South Korea | — | 166,589,770 | — | 166,589,770 |
Spain | — | 32,571,239 | — | 32,571,239 |
Sweden | — | 188,659,207 | — | 188,659,207 |
Switzerland | — | 93,496,620 | — | 93,496,620 |
Taiwan | — | 26,364,772 | — | 26,364,772 |
Thailand | — | 34,322,196 | — | 34,322,196 |
52 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn International®, June 30, 2018 (Unaudited)
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
United Kingdom | — | 509,443,225 | — | 509,443,225 |
United States | 45,359,988 | — | — | 45,359,988 |
Total Common Stocks | 518,525,595 | 3,301,866,830 | — | 3,820,392,425 |
Preferred Stocks | ||||
Germany | — | 43,917,004 | — | 43,917,004 |
Total Preferred Stocks | — | 43,917,004 | — | 43,917,004 |
Securities Lending Collateral | 14,853,961 | — | — | 14,853,961 |
Money Market Funds | 95,244,402 | — | — | 95,244,402 |
Total Investments in Securities | 628,623,958 | 3,345,783,834 | — | 3,974,407,792 |
Investments in Derivatives | ||||
Liability | ||||
Futures Contracts | (1,301,830) | — | — | (1,301,830) |
Total | 627,322,128 | 3,345,783,834 | — | 3,973,105,962 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 53 |
Table of Contents
Columbia Acorn USA®, June 30, 2018 (Unaudited)
Common Stocks 96.0% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 16.5% | ||
Auto Components 4.2% | ||
Cooper-Standard Holding, Inc.(a) Sealing, fuel and brake delivery, fluid transfer systems, anti-vibration systems components, subsystems, and modules | 31,571 | 4,125,382 |
Dorman Products, Inc.(a) Automotive products and home hardware | 56,417 | 3,853,845 |
LCI Industries Recreational vehicles and equipment | 31,012 | 2,795,732 |
Tenneco, Inc. Emission control and ride control products and systems | 86,306 | 3,794,012 |
Total | 14,568,971 | |
Distributors 0.7% | ||
Pool Corp. Swimming pool supplies, equipment and leisure products | 15,683 | 2,375,975 |
Diversified Consumer Services 2.0% | ||
Adtalem Global Education, Inc.(a) Higher education institutions | 86,631 | 4,166,951 |
Bright Horizons Family Solutions, Inc.(a) Child care and early education services | 27,091 | 2,777,370 |
Total | 6,944,321 | |
Hotels, Restaurants & Leisure 6.4% | ||
Churchill Downs, Inc. Horse racing company, home of the Kentucky Derby | 6,100 | 1,808,650 |
Dave & Buster’s Entertainment, Inc.(a) Venues that combine dining and entertainment for adults and families | 107,565 | 5,120,094 |
Extended Stay America, Inc. Hotels and motels | 219,362 | 4,740,413 |
Red Rock Resorts, Inc., Class A Casino & entertainment properties | 94,821 | 3,176,503 |
Texas Roadhouse, Inc. Moderately priced, full service restaurant chain | 73,402 | 4,808,565 |
Wingstop, Inc. Cooked-to-order chicken wings | 53,473 | 2,787,013 |
Total | 22,441,238 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Durables 1.9% | ||
Cavco Industries, Inc.(a) Designs and manufactures systems-built structures | 12,809 | 2,659,789 |
iRobot Corp.(a),(b) Manufactures robots for cleaning | 50,947 | 3,860,254 |
Total | 6,520,043 | |
Leisure Products 1.3% | ||
Brunswick Corp. Consumer products serving the outdoor and indoor active recreation markets | 39,106 | 2,521,555 |
MCBC Holdings, Inc.(a) Sport boats | 67,851 | 1,964,286 |
Total | 4,485,841 | |
Total Consumer Discretionary | 57,336,389 | |
Consumer Staples 4.8% | ||
Beverages 0.7% | ||
MGP Ingredients, Inc. Distillery ingredients and products | 26,305 | 2,336,147 |
Food & Staples Retailing 0.6% | ||
BJ’s Wholesale Club Holdings, Inc.(a) Warehouse club | 86,742 | 2,051,448 |
Food Products 0.7% | ||
Hostess Brands, Inc.(a) Packaged baked sweet goods | 184,781 | 2,513,022 |
Household Products 1.8% | ||
Central Garden & Pet Co.(a) Lawn, garden & pet supply products | 98,115 | 4,266,040 |
WD-40 Co. Multi-purpose lubricant products and heavy-duty hand cleaners | 12,594 | 1,841,873 |
Total | 6,107,913 | |
Personal Products 1.0% | ||
Inter Parfums, Inc. Fragrances and related products | 68,457 | 3,662,449 |
Total Consumer Staples | 16,670,979 | |
Energy 1.5% | ||
Energy Equipment & Services 0.6% | ||
Core Laboratories NV Reservoir description, production enhancement, and reservoir management services | 15,262 | 1,926,217 |
54 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn USA®, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Oil, Gas & Consumable Fuels 0.9% | ||
PDC Energy, Inc.(a) Petroleum products | 52,746 | 3,188,496 |
Total Energy | 5,114,713 | |
Financials 13.9% | ||
Banks 5.4% | ||
First Busey Corp. Multi-bank holding company | 167,976 | 5,328,199 |
Great Southern Bancorp, Inc. Real estate, commercial real estate, commercial business, consumer, and construction loans | 51,689 | 2,956,611 |
Lakeland Financial Corp. Bank holding company | 89,676 | 4,321,486 |
Sandy Spring Bancorp, Inc. Holding company for Sandy Spring Bank | 78,505 | 3,219,490 |
Trico Bancshares Holding company for Tri Counties Bank | 80,866 | 3,028,432 |
Total | 18,854,218 | |
Capital Markets 4.0% | ||
Ares Management LP Asset management firm | 163,552 | 3,385,526 |
Hamilton Lane, Inc., Class A Private market investment solutions | 37,493 | 1,798,539 |
Houlihan Lokey, Inc. Investment bank | 103,363 | 5,294,253 |
OM Asset Management Plc Asset management company | 234,507 | 3,344,070 |
Total | 13,822,388 | |
Consumer Finance 1.9% | ||
FirstCash, Inc. Owns and operates pawn stores | 51,897 | 4,662,945 |
PRA Group, Inc.(a) Provides outsourced receivables management | 50,500 | 1,946,775 |
Total | 6,609,720 | |
Thrifts & Mortgage Finance 2.6% | ||
Merchants Bancorp Bank holding company | 96,445 | 2,751,576 |
OceanFirst Financial Corp. New Jersey banks | 116,000 | 3,475,360 |
Walker & Dunlop, Inc. Commercial real estate financial services | 52,386 | 2,915,281 |
Total | 9,142,217 | |
Total Financials | 48,428,543 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care 25.6% | ||
Biotechnology 8.2% | ||
Agios Pharmaceuticals, Inc.(a) Therapeutics in the field of cancer metabolism | 26,518 | 2,233,611 |
Amicus Therapeutics, Inc.(a) Orally-administered, small molecule drugs to treat human genetic diseases | 136,000 | 2,124,320 |
Clovis Oncology, Inc.(a) Pre-commercial Biotech Company | 40,649 | 1,848,310 |
Genomic Health, Inc.(a) Development and commercialization of genomic-based clinical diagnostic tests for cancer | 48,712 | 2,455,085 |
Kiniksa Pharmaceuticals Ltd., Class A(a) Clinical-stage biopharmaceutical company | 191,445 | 3,321,571 |
Ligand Pharmaceuticals, Inc.(a) Drugs that regulate hormone activated intracellular receptors | 21,813 | 4,518,999 |
Loxo Oncology, Inc.(a) Researches and develops cancer drugs | 10,090 | 1,750,413 |
MacroGenics, Inc.(a) Treatments for autoimmune disorders, cancer and infectious diseases | 157,974 | 3,262,163 |
Repligen Corp.(a) Supplier to Biopharma Industry | 98,200 | 4,619,328 |
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 28,778 | 2,212,165 |
Total | 28,345,965 | |
Health Care Equipment & Supplies 8.9% | ||
Atrion Corp. Medical products and components | 4,256 | 2,551,046 |
AxoGen, Inc.(a) Technologies for peripheral nerve reconstruction and regeneration | 60,047 | 3,017,362 |
Haemonetics Corp.(a) Automated blood processing systems | 23,359 | 2,094,835 |
iRhythm Technologies, Inc.(a) Medical instruments | 58,885 | 4,777,340 |
Masimo Corp.(a) Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 44,630 | 4,358,120 |
Orthofix International NV(a) Spine fixation and other orthopedic & spine solutions | 44,759 | 2,543,206 |
Sientra, Inc.(a) Plastic surgery implantable devices | 158,757 | 3,097,349 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 55 |
Table of Contents
Columbia Acorn USA®, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Tactile Systems Technology, Inc.(a) Technology for treating lymphedema, chronic swelling & venous ulcers | 74,500 | 3,874,000 |
Tandem Diabetes Care, Inc.(a) Produces medical devices | 108,605 | 2,391,482 |
Varex Imaging Corp.(a) X-ray imaging components | 63,906 | 2,370,274 |
Total | 31,075,014 | |
Health Care Providers & Services 6.5% | ||
Amedisys, Inc.(a) Provider of alternate-site health care services | 54,257 | 4,636,803 |
AMN Healthcare Services, Inc.(a) Temporary healthcare staffing | 79,676 | 4,669,014 |
Chemed Corp. Hospice and palliative care services | 9,300 | 2,992,833 |
Encompass Health Corp. Inpatient rehabilitative healthcare services | 27,093 | 1,834,738 |
HealthEquity, Inc.(a) Technology-enabled services platforms for consumers to make healthcare saving and spending decisions | 68,924 | 5,176,192 |
Tivity Health, Inc.(a) Health fitness solutions | 90,512 | 3,186,022 |
Total | 22,495,602 | |
Pharmaceuticals 2.0% | ||
Optinose, Inc.(a) Health care services | 127,333 | 3,562,778 |
Reata Pharmaceuticals, Inc., Class A(a) Biopharmaceutical company | 94,058 | 3,289,208 |
Total | 6,851,986 | |
Total Health Care | 88,768,567 | |
Industrials 9.7% | ||
Building Products 0.7% | ||
American Woodmark Corp.(a) Kitchen cabinets and vanities | 27,764 | 2,541,794 |
Commercial Services & Supplies 2.9% | ||
Brink’s Co. (The) Provides security services globally | 24,745 | 1,973,414 |
Healthcare Services Group, Inc. Housekeeping, laundry, linen, facility maintenance, and food services | 61,498 | 2,656,099 |
Knoll, Inc. Branded office furniture products and textiles | 85,250 | 1,774,052 |
Unifirst Corp. Workplace uniforms and protective clothing | 21,172 | 3,745,327 |
Total | 10,148,892 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Machinery 1.3% | ||
ESCO Technologies, Inc. Engineered products and solutions | 50,404 | 2,908,311 |
Toro Co. (The) Turf equipment | 24,965 | 1,504,141 |
Total | 4,412,452 | |
Professional Services 2.8% | ||
Exponent, Inc. Science and engineering consulting firm | 50,520 | 2,440,116 |
ICF International, Inc. Management, technology, policy consulting, and implementation services | 69,174 | 4,914,813 |
Wageworks, Inc.(a) Tax-advantaged programs for consumer-directed health, commuter, and other employee spending account benefits | 49,359 | 2,467,950 |
Total | 9,822,879 | |
Road & Rail 1.2% | ||
Saia, Inc.(a) Trucking transportation | 48,935 | 3,956,395 |
Trading Companies & Distributors 0.8% | ||
SiteOne Landscape Supply, Inc.(a) Landscape supplies | 33,681 | 2,828,193 |
Total Industrials | 33,710,605 | |
Information Technology 17.4% | ||
Electronic Equipment, Instruments & Components 2.3% | ||
ePlus, Inc.(a) Provides IT hardware, software and services | 50,373 | 4,740,099 |
II-VI, Inc.(a) Optical and optoelectronic devices | 75,819 | 3,294,336 |
Total | 8,034,435 |
56 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn USA®, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Internet Software & Services 4.5% | ||
Alteryx, Inc., Class A(a),(b) Data storage, retrieval, management, reporting, and analytics solutions | 87,704 | 3,346,785 |
Apptio, Inc., Class A(a) Cloud-based business management solutions | 96,043 | 3,476,757 |
Mimecast Ltd.(a) Cloud security and risk management services for corporate information and email | 68,743 | 2,832,899 |
MINDBODY, Inc., Class A(a) Business management software | 91,441 | 3,529,622 |
Q2 Holdings, Inc.(a) Secure, cloud-based virtual banking solutions | 45,459 | 2,593,436 |
Total | 15,779,499 | |
IT Services 0.7% | ||
CoreLogic, Inc.(a) Consumer, financial and property information, analytics and services to business and government | 45,489 | 2,360,879 |
Semiconductors & Semiconductor Equipment 5.8% | ||
Advanced Energy Industries, Inc.(a) Engineered precision power conversion, measurement and control solutions | 64,515 | 3,747,676 |
Brooks Automation, Inc. Automation solutions for the global semiconductor and related industries | 118,369 | 3,861,197 |
Cabot Microelectronics Corp. Slurries used in chemical mechanical planarization | 46,369 | 4,987,450 |
Inphi Corp.(a) Analog semiconductor solutions | 75,682 | 2,467,990 |
Monolithic Power Systems, Inc. Power management solutions | 15,821 | 2,114,793 |
Semtech Corp.(a) Analog and mixed-signal semiconductors | 62,780 | 2,953,799 |
Total | 20,132,905 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Software 4.1% | ||
Blackline, Inc.(a) Develops and markets enterprise software | 67,398 | 2,927,095 |
CyberArk Software Ltd.(a) IT security solutions | 51,747 | 3,257,991 |
Qualys, Inc.(a) Information technology security risk and compliance management solutions | 47,268 | 3,984,692 |
Zscaler, Inc.(a),(b) Cloud-based internet security platform | 53,174 | 1,900,971 |
Zuora, Inc., Class A(a),(b) Develops cloud based software | 82,088 | 2,232,794 |
Total | 14,303,543 | |
Total Information Technology | 60,611,261 | |
Materials 2.8% | ||
Chemicals 2.8% | ||
Orion Engineered Carbons SA Global supplier of Carbon Black | 158,522 | 4,890,404 |
PolyOne Corp. International polymer services company | 41,000 | 1,772,020 |
Quaker Chemical Corp. Custom-formulated chemical specialty products | 18,651 | 2,888,480 |
Total | 9,550,904 | |
Total Materials | 9,550,904 | |
Real Estate 3.3% | ||
Equity Real Estate Investment Trusts (REITS) 2.6% | ||
CoreCivic, Inc. Detention and corrections services | 101,617 | 2,427,630 |
Coresite Realty Corp. Develops, owns & operates data centers | 25,612 | 2,838,322 |
UMH Properties, Inc. Real estate investment trust | 244,551 | 3,753,858 |
Total | 9,019,810 | |
Real Estate Management & Development 0.7% | ||
Colliers International Group, Inc. Commercial real estate, residential property management and property services | 32,866 | 2,487,956 |
Total Real Estate | 11,507,766 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 57 |
Table of Contents
Columbia Acorn USA®, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Telecommunication Services 0.5% | ||
Wireless Telecommunication Services 0.5% | ||
Boingo Wireless, Inc.(a) Mobile internet services | 75,000 | 1,694,250 |
Total Telecommunication Services | 1,694,250 | |
Total Common Stocks (Cost: $248,565,011) | 333,393,977 | |
Limited Partnerships 0.5% | ||
Consumer Discretionary 0.5% | ||
Hotels, Restaurants & Leisure 0.5% | ||
Cedar Fair LP Owns and operates amusement parks | 25,900 | 1,631,959 |
Total Consumer Discretionary | 1,631,959 | |
Total Limited Partnerships (Cost: $1,711,740) | 1,631,959 | |
Securities Lending Collateral 1.3% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 1.810%(c),(d) | 4,633,100 | 4,633,100 |
Total Securities Lending Collateral (Cost: $4,633,100) | 4,633,100 | |
Money Market Funds 3.8% | ||
JPMorgan U.S. Government Money Market Fund, Agency Shares, 1.713%(c) | 13,232,780 | 13,232,780 |
Total Money Market Funds (Cost: $13,232,780) | 13,232,780 | |
Total Investments in Securities (Cost $268,142,631) | 352,891,816 | |
Obligation to Return Collateral for Securities Loaned | (4,633,100) | |
Other Assets & Liabilities, Net | (898,605) | |
Net Assets | $347,360,111 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at June 30, 2018. The total market value of securities on loan at June 30, 2018 was $4,523,791. |
(c) | The rate shown is the seven-day current annualized yield at June 30, 2018. |
(d) | Investment made with cash collateral received from securities lending activity. |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
58 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn USA®, June 30, 2018 (Unaudited)
For investments categorized as Level 3, the significant unobservable inputs used in the fair value measurement of the Fund’s securities may include: (i) data specific to the issuer or comparable issuers, (ii) general market or specific sector news and (iii) quoted prices and specific or similar security transactions. The Committee considers this data and any changes from prior periods in order to assess the reasonableness of observable and unobservable inputs, any assumptions or internal models used to value those securities and changes in fair value. Significant changes in any of these factors could result in lower or higher fair value measurements. Various factors impact the frequency of monitoring (which may occur as often as daily), however the Committee may determine that changes to inputs, assumptions and models are not required with the same frequency.
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Consumer Discretionary | 57,336,389 | — | — | 57,336,389 |
Consumer Staples | 16,670,979 | — | — | 16,670,979 |
Energy | 5,114,713 | — | — | 5,114,713 |
Financials | 48,428,543 | — | — | 48,428,543 |
Health Care | 88,768,567 | — | — | 88,768,567 |
Industrials | 33,710,605 | — | — | 33,710,605 |
Information Technology | 60,611,261 | — | — | 60,611,261 |
Materials | 9,550,904 | — | — | 9,550,904 |
Real Estate | 11,507,766 | — | — | 11,507,766 |
Telecommunication Services | 1,694,250 | — | — | 1,694,250 |
Total Common Stocks | 333,393,977 | — | — | 333,393,977 |
Limited Partnerships | ||||
Consumer Discretionary | 1,631,959 | — | — | 1,631,959 |
Total Limited Partnerships | 1,631,959 | — | — | 1,631,959 |
Securities Lending Collateral | 4,633,100 | — | — | 4,633,100 |
Money Market Funds | 13,232,780 | — | — | 13,232,780 |
Total Investments in Securities | 352,891,816 | — | — | 352,891,816 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 59 |
Table of Contents
Columbia Acorn International SelectSM, June 30, 2018 (Unaudited)
Common Stocks 93.9% | ||
Issuer | Shares | Value ($) |
Australia 1.8% | ||
DuluxGroup Ltd. Manufactures and supplies paints and other surface coatings | 382,000 | 2,159,989 |
Canada 4.1% | ||
CCL Industries, Inc. Manufacturing services and specialty packaging products for the non-durable consumer products market | 99,600 | 4,882,836 |
China 7.2% | ||
NetEase, Inc., ADR Internet technology company that develops applications, services and Internet technologies | 19,600 | 4,952,332 |
New Oriental Education & Technology Group, Inc., ADR Educational services | 37,600 | 3,559,216 |
Total | 8,511,548 | |
Denmark 4.4% | ||
Novozymes AS, Class B Enzymes for industrial use | 102,955 | 5,207,283 |
France 2.1% | ||
Legrand SA Products and systems for electrical installations and information networks | 35,000 | 2,563,649 |
Germany 7.7% | ||
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 25,000 | 4,788,537 |
Wirecard AG Internet payment and processing services | 27,600 | 4,416,564 |
Total | 9,205,101 | |
India 3.0% | ||
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 452,000 | 3,591,471 |
Italy 3.3% | ||
Brembo SpA Braking systems and components | 288,000 | 3,884,189 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Japan 17.4% | ||
Aeon Mall Co., Ltd. Large-scale shopping malls | 221,600 | 3,975,292 |
Hikari Tsushin, Inc. Distribution network, telecommunication, office automation equipment, in-house products and individual insurance plans | 13,900 | 2,439,440 |
Recruit Holdings Co., Ltd. Information providing services in human resource, housing, bridal, travel, restaurants, beauty, automobiles, and education and more | 171,200 | 4,728,315 |
Santen Pharmaceutical Co., Ltd. Ophthalmic medicine | 165,200 | 2,873,888 |
Sekisui Chemical Co., Ltd. Unit residential houses in addition to parcels of land | 139,000 | 2,364,473 |
Sony Financial Holdings, Inc. Financial holding company | 224,500 | 4,277,421 |
Total | 20,658,829 | |
Jersey 3.0% | ||
Ferguson PLC Heating and plumbing products | 43,704 | 3,535,996 |
Mexico 1.9% | ||
Grupo Aeroportuario del Sureste SAB de CV, ADR(a) Operates airports in Mexico | 14,000 | 2,228,240 |
Netherlands 5.8% | ||
Aalberts Industries NV Industrial services and flow control systems | 24,500 | 1,170,376 |
Koninklijke Philips NV Health technology focused on improving people’s health | 134,620 | 5,703,577 |
Total | 6,873,953 | |
Singapore 2.0% | ||
Mapletree Commercial Trust Singapore-focused real estate investment trust | 2,041,000 | 2,351,855 |
South Africa 2.4% | ||
Naspers Ltd., Class N Electronic and print media industries | 11,300 | 2,849,225 |
South Korea 3.0% | ||
Korea Zinc Co. Ltd. Non-ferrous metal smelting | 10,200 | 3,532,946 |
60 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn International SelectSM, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sweden 7.4% | ||
Hexagon AB, Class B Design, measurement and visualisation technologies | 96,600 | 5,367,788 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 159,000 | 3,380,930 |
Total | 8,748,718 | |
Switzerland 4.0% | ||
Partners Group Holding AG Global private markets asset management firm | 6,574 | 4,805,896 |
Taiwan 2.0% | ||
Largan Precision Co., Ltd. Optical lens modules and optoelectronic components | 16,000 | 2,350,519 |
United Kingdom 11.4% | ||
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 194,071 | 3,494,502 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 912,142 | 4,205,549 |
Rightmove PLC Website that lists properties across Britain | 43,800 | 3,061,728 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 33,000 | 2,829,870 |
Total | 13,591,649 | |
Total Common Stocks (Cost: $81,811,970) | 111,533,892 |
Preferred Stocks 3.1% | |||
Issuer | Shares | Value ($) | |
Germany 3.1% | |||
Sartorius AG Precision electronic equipment and components | 25,000 | 3,721,780 | |
Total Preferred Stocks (Cost: $2,475,898) | 3,721,780 |
Securities Lending Collateral 1.1% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 1.810%(b),(c) | 1,312,200 | 1,312,200 |
Total Securities Lending Collateral (Cost: $1,312,200) | 1,312,200 | |
Money Market Funds 2.7% | ||
JPMorgan U.S. Government Money Market Fund, IM Shares, 1.819%(b) | 3,253,463 | 3,253,463 |
Total Money Market Funds (Cost: $3,253,463) | 3,253,463 | |
Total Investments in Securities (Cost: $88,853,531) | 119,821,335 | |
Obligation to Return Collateral for Securities Loaned | (1,312,200) | |
Other Assets & Liabilities, Net | 306,252 | |
Net Assets | $118,815,387 |
(a) | All or a portion of this security was on loan at June 30, 2018. The total market value of securities on loan at June 30, 2018 was $1,289,196. |
(b) | The rate shown is the seven-day current annualized yield at June 30, 2018. |
(c) | Investment made with cash collateral received from securities lending activity. |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 61 |
Table of Contents
Columbia Acorn International SelectSM, June 30, 2018 (Unaudited)
Examples of the types of securities in which the Fund would typically invest and how they are classified within this hierarchy are as follows. Typical Level 1 securities include exchange traded domestic equities, mutual funds whose net asset values are published each day and exchange traded foreign equities that are not statistically fair valued. Typical Level 2 securities include exchange traded foreign equities that are statistically fair valued, forward foreign currency exchange contracts and short-term investments valued at amortized cost. Additionally, securities fair valued by Columbia Wanger Asset Management’s Valuation Committee (the Committee) that rely on significant observable inputs are also included in Level 2. Typical Level 3 securities include any security fair valued by the Committee that relies on significant unobservable inputs.
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Australia | — | 2,159,989 | — | 2,159,989 |
Canada | 4,882,836 | — | — | 4,882,836 |
China | 8,511,548 | — | — | 8,511,548 |
Denmark | — | 5,207,283 | — | 5,207,283 |
France | — | 2,563,649 | — | 2,563,649 |
Germany | — | 9,205,101 | — | 9,205,101 |
India | — | 3,591,471 | — | 3,591,471 |
Italy | — | 3,884,189 | — | 3,884,189 |
Japan | — | 20,658,829 | — | 20,658,829 |
Jersey | — | 3,535,996 | — | 3,535,996 |
Mexico | 2,228,240 | — | — | 2,228,240 |
Netherlands | — | 6,873,953 | — | 6,873,953 |
Singapore | — | 2,351,855 | — | 2,351,855 |
South Africa | — | 2,849,225 | — | 2,849,225 |
South Korea | — | 3,532,946 | — | 3,532,946 |
Sweden | — | 8,748,718 | — | 8,748,718 |
Switzerland | — | 4,805,896 | — | 4,805,896 |
Taiwan | — | 2,350,519 | — | 2,350,519 |
United Kingdom | — | 13,591,649 | — | 13,591,649 |
Total Common Stocks | 15,622,624 | 95,911,268 | — | 111,533,892 |
Preferred Stocks | ||||
Germany | — | 3,721,780 | — | 3,721,780 |
Total Preferred Stocks | — | 3,721,780 | — | 3,721,780 |
Securities Lending Collateral | 1,312,200 | — | — | 1,312,200 |
Money Market Funds | 3,253,463 | — | — | 3,253,463 |
Total Investments in Securities | 20,188,287 | 99,633,048 | — | 119,821,335 |
62 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn International SelectSM, June 30, 2018 (Unaudited)
There were no transfers of financial assets between levels during the period.
Columbia Acorn Family of Funds | Semiannual Report 2018 | 63 |
Table of Contents
Columbia Acorn SelectSM, June 30, 2018 (Unaudited)
Common Stocks 98.0% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 20.2% | ||
Auto Components 4.5% | ||
LCI Industries Recreational vehicles and equipment | 153,182 | 13,809,357 |
Distributors 3.9% | ||
LKQ Corp.(a) Automotive products and services | 378,404 | 12,071,088 |
Hotels, Restaurants & Leisure 5.4% | ||
Vail Resorts, Inc. Operates resorts globally | 60,436 | 16,570,947 |
Household Durables 4.0% | ||
Cavco Industries, Inc.(a) Designs and manufactures systems-built structures | 58,222 | 12,089,798 |
Media 2.4% | ||
Liberty Global PLC, Class A(a) Broadband, distribution, and content companies | 268,692 | 7,399,778 |
Total Consumer Discretionary | 61,940,968 | |
Financials 15.4% | ||
Banks 4.1% | ||
SVB Financial Group(a) Holding company for Silicon Valley Bank | 43,149 | 12,459,705 |
Capital Markets 8.5% | ||
Ares Management LP Asset management firm | 296,416 | 6,135,811 |
Eaton Vance Corp. Creates, markets, and manages mutual funds | 219,159 | 11,437,908 |
Lazard Ltd., Class A Corporate Advisory & Asset Management | 171,663 | 8,396,038 |
Total | 25,969,757 | |
Consumer Finance 2.8% | ||
FirstCash, Inc. Owns and operates pawn stores | 97,132 | 8,727,310 |
Total Financials | 47,156,772 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care 14.2% | ||
Biotechnology 4.1% | ||
Genomic Health, Inc.(a) Development and commercialization of genomic-based clinical diagnostic tests for cancer | 166,223 | 8,377,639 |
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 54,290 | 4,173,273 |
Total | 12,550,912 | |
Health Care Equipment & Supplies 6.2% | ||
Anika Therapeutics, Inc.(a) Integrated orthopedic medicines company | 81,300 | 2,601,600 |
Masimo Corp.(a) Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 169,012 | 16,504,022 |
Total | 19,105,622 | |
Health Care Providers & Services 3.9% | ||
Encompass Health Corp. Inpatient rehabilitative healthcare services | 176,917 | 11,980,819 |
Total Health Care | 43,637,353 | |
Industrials 16.2% | ||
Machinery 6.4% | ||
Nordson Corp. Systems that apply adhesives, sealants, and coatings to products during manufacturing | 70,520 | 9,055,473 |
Oshkosh Corp. Fire and emergency apparatuses and specialty commercial, and military trucks | 152,090 | 10,694,969 |
Total | 19,750,442 | |
Professional Services 1.2% | ||
Wageworks, Inc.(a) Tax-advantaged programs for consumer-directed health, commuter, and other employee spending account benefits | 70,638 | 3,531,900 |
Road & Rail 5.0% | ||
JB Hunt Transport Services, Inc. Logistics services | 125,270 | 15,226,569 |
Trading Companies & Distributors 3.6% | ||
SiteOne Landscape Supply, Inc.(a) Landscape supplies | 132,393 | 11,117,040 |
Total Industrials | 49,625,951 |
64 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn SelectSM, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Information Technology 23.9% | ||
Electronic Equipment, Instruments & Components 6.1% | ||
CDW Corp. IT products and services | 172,311 | 13,921,006 |
Coherent, Inc.(a) Laser-based photonic products | 31,192 | 4,879,052 |
Total | 18,800,058 | |
Internet Software & Services 12.0% | ||
GoDaddy, Inc., Class A(a) Cloud-based web platform for small businesses, web design professionals and individuals | 190,509 | 13,449,935 |
SPS Commerce, Inc.(a) On-demand supply chain management solutions through an online hosted software suite | 103,064 | 7,573,143 |
VeriSign, Inc.(a) Domain names and Internet security services | 114,173 | 15,689,654 |
Total | 36,712,732 | |
IT Services 0.9% | ||
GreenSky, Inc., Class A(a) Technology company | 125,500 | 2,654,325 |
Software 4.9% | ||
ANSYS, Inc.(a) Software solutions for design analysis and optimization | 87,056 | 15,163,414 |
Total Information Technology | 73,330,529 | |
Materials 3.2% | ||
Chemicals 3.2% | ||
Celanese Corp., Class A Global integrated producer of chemicals and advanced materials | 90,152 | 10,012,281 |
Total Materials | 10,012,281 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 4.9% | ||
Equity Real Estate Investment Trusts (REITS) 4.9% | ||
Coresite Realty Corp. Develops, owns & operates data centers | 94,017 | 10,418,964 |
UMH Properties, Inc. Real estate investment trust | 299,584 | 4,598,614 |
Total | 15,017,578 | |
Total Real Estate | 15,017,578 | |
Total Common Stocks (Cost: $219,930,078) | 300,721,432 | |
Money Market Funds 2.0% | ||
Shares | Value ($) | |
JPMorgan U.S. Government Money Market Fund, Agency Shares, 1.713%(b) | 6,094,730 | 6,094,730 |
Total Money Market Funds (Cost: $6,094,730) | 6,094,730 | |
Total Investments in Securities (Cost $226,024,808) | 306,816,162 | |
Other Assets & Liabilities, Net | 80,515 | |
Net Assets | $306,896,677 |
(a) | Non-income producing security. |
(b) | The rate shown is the seven-day current annualized yield at June 30, 2018. |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 65 |
Table of Contents
Columbia Acorn SelectSM, June 30, 2018 (Unaudited)
Examples of the types of securities in which the Fund would typically invest and how they are classified within this hierarchy are as follows. Typical Level 1 securities include exchange traded domestic equities, mutual funds whose net asset values are published each day and exchange traded foreign equities that are not statistically fair valued. Typical Level 2 securities include exchange traded foreign equities that are statistically fair valued, forward foreign currency exchange contracts and short-term investments valued at amortized cost. Additionally, securities fair valued by Columbia Wanger Asset Management’s Valuation Committee (the Committee) that rely on significant observable inputs are also included in Level 2. Typical Level 3 securities include any security fair valued by the Committee that relies on significant unobservable inputs.
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Consumer Discretionary | 61,940,968 | — | — | 61,940,968 |
Financials | 47,156,772 | — | — | 47,156,772 |
Health Care | 43,637,353 | — | — | 43,637,353 |
Industrials | 49,625,951 | — | — | 49,625,951 |
Information Technology | 73,330,529 | — | — | 73,330,529 |
Materials | 10,012,281 | — | — | 10,012,281 |
Real Estate | 15,017,578 | — | — | 15,017,578 |
Total Common Stocks | 300,721,432 | — | — | 300,721,432 |
Money Market Funds | 6,094,730 | — | — | 6,094,730 |
Total Investments in Securities | 306,816,162 | — | — | 306,816,162 |
66 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Thermostat FundSM, June 30, 2018 (Unaudited)
Equity Funds 14.7% | ||
Issuer | Shares | Value ($) |
Dividend Income 1.5% | ||
Columbia Dividend Income Fund, Institutional 3 Class(a) | 506,588 | 11,099,351 |
Total Dividend Income | 11,099,351 | |
International Small Mid Cap 1.4% | ||
Columbia Acorn International®, Institutional 3 Class(a) | 238,051 | 10,821,800 |
Total International Small Mid Cap | 10,821,800 | |
U.S. Large Cap 8.9% | ||
Columbia Contrarian Core Fund, Institutional 3 Class(a) | 425,388 | 11,106,876 |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class(a) | 456,670 | 11,028,585 |
Columbia Large Cap Index Fund, Institutional 3 Class(a) | 906,027 | 44,286,604 |
Total U.S. Large Cap | 66,422,065 | |
U.S. Mid Cap 1.5% | ||
Columbia Acorn SelectSM, Institutional 3 Class(a),(b) | 629,349 | 10,906,616 |
Total U.S. Mid Cap | 10,906,616 | |
U.S. Small Mid Cap 1.4% | ||
Columbia Acorn® Fund, Institutional 3 Class(a),(b) | 627,612 | 10,895,341 |
Total U.S. Small Mid Cap | 10,895,341 | |
Total Equity Funds (Cost: $92,433,826) | 110,145,173 | |
Exchange-Traded Funds 8.5% | ||
Columbia Diversified Fixed Income Allocation ETF(a) | 3,324,457 | 63,495,134 |
Total Exchange-Traded Funds (Cost: $64,662,787) | 63,495,134 | |
Fixed-Income Funds 76.3% | ||
Issuer | Shares | Value ($) |
Investment Grade 76.3% | ||
Columbia Corporate Income Fund, Institutional 3 Class(a) | 6,491,877 | 63,685,316 |
Columbia Quality Income Fund, Institutional 3 Class(a) | 24,020,128 | 127,306,677 |
Columbia Short Term Bond Fund, Institutional 3 Class(a) | 16,122,001 | 158,962,924 |
Columbia U.S. Treasury Index Fund, Institutional 3 Class(a) | 20,464,496 | 222,449,075 |
Total Investment Grades | 572,403,992 | |
Total Fixed-Income Funds (Cost: $578,063,756) | 572,403,992 | |
Money Market Funds 0.0% | ||
Shares | Value ($) | |
JPMorgan U.S. Government Money Market Fund, Agency Shares, 1.713%(c) | 63,234 | 63,234 |
Total Money Market Funds (Cost: $63,234) | 63,234 | |
Total Investments in Securities (Cost $735,223,603) | 746,107,533 | |
Other Assets & Liabilities, Net | 3,507,258 | |
Net Assets | $749,614,791 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 67 |
Table of Contents
Columbia Thermostat FundSM, June 30, 2018 (Unaudited)
(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 six months ended June 30, 2018, are as follows. The aggregate cost and value of these companies at June 30, 2018, was $735,160,369 and $746,044,299, respectively. Investments in affiliated companies represented 99.52% of the Fund’s total net assets at June 30, 2018. |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | 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 International®, Institutional 3 Class | |||||||||
364,288 | 448,801 | (575,038) | 238,051 | 3,269,053 | (2,680,101) | 55,295 | 322,537 | 10,821,800 | |
Columbia Acorn SelectSM, Institutional 3 Class | |||||||||
487,249 | 976,845 | (834,745) | 629,349 | 1,312,474 | (426,384) | — | 745,292 | 10,906,616 | |
Columbia Acorn® Fund, Institutional 3 Class | |||||||||
519,202 | 1,008,947 | (900,537) | 627,612 | 899,947 | 822,104 | — | 431,586 | 10,895,341 | |
Columbia Contrarian Core Fund, Institutional 3 Class | |||||||||
323,920 | 639,919 | (538,451) | 425,388 | 761,545 | (194,939) | — | — | 11,106,876 | |
Columbia Corporate Income Fund, Institutional 3 Class | |||||||||
— | 8,121,614 | (1,629,737) | 6,491,877 | (148,731) | (878,682) | 641,980 | — | 63,685,316 | |
Columbia Diversified Fixed Income Allocation ETF | |||||||||
— | 4,136,944 | (812,487) | 3,324,457 | (189,008) | (1,167,653) | 531,843 | — | 63,495,134 | |
Columbia Dividend Income Fund, Institutional 3 Class | |||||||||
759,793 | 971,998 | (1,225,203) | 506,588 | 3,896,513 | (3,101,572) | 96,328 | — | 11,099,351 | |
Columbia Income Opportunities Fund, Institutional 3 Class | |||||||||
7,774,323 | 59,913 | (7,834,236) | — | 2,103,636 | (3,913,900) | 696,670 | — | — | |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class | |||||||||
345,654 | 682,669 | (571,653) | 456,670 | 915,747 | (448,564) | 24,193 | 471,984 | 11,028,585 | |
Columbia Large Cap Index Fund, Institutional 3 Class | |||||||||
— | 1,607,561 | (701,534) | 906,027 | (72,932) | (108,300) | 109,472 | 1,182,953 | 44,286,604 | |
Columbia Quality Income Fund, Institutional 3 Class | |||||||||
28,648,549 | 4,631,447 | (9,259,868) | 24,020,128 | (938,544) | (1,699,450) | 2,131,429 | — | 127,306,677 | |
Columbia Select Large Cap Equity Fund, Institutional 3 Class | |||||||||
595,505 | 330,247 | (925,752) | — | 1,195,080 | (595,150) | — | — | — | |
Columbia Select Large Cap Growth Fund, Institutional 3 Class | |||||||||
492,597 | 265,317 | (757,914) | — | 3,424,753 | (1,924,787) | — | — | — | |
Columbia Short Term Bond Fund, Institutional 3 Class | |||||||||
31,104,620 | 1,989,754 | (16,972,373) | 16,122,001 | (1,574,271) | (264,992) | 1,382,296 | — | 158,962,924 | |
Columbia Total Return Bond Fund, Institutional 3 Class | |||||||||
17,065,809 | 71,871 | (17,137,680) | — | (2,138,391) | (854,368) | 764,183 | — | — | |
Columbia U.S. Treasury Index Fund, Institutional 3 Class | |||||||||
6,949,835 | 19,632,274 | (6,117,613) | 20,464,496 | (874,800) | (442,147) | 1,571,007 | — | 222,449,075 | |
Total of Affiliated Transactions | 11,842,071 | (17,878,885) | 8,004,696 | 3,154,352 | 746,044,299 |
(b) | Non-income producing security. |
(c) | The rate shown is the seven-day current annualized yield at June 30, 2018. |
68 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Thermostat FundSM, June 30, 2018 (Unaudited)
■ | 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 in Securities | ||||
Equity Funds | 110,145,173 | — | — | 110,145,173 |
Exchange-Traded Funds | 63,495,134 | — | — | 63,495,134 |
Fixed-Income Funds | 572,403,992 | — | — | 572,403,992 |
Money Market Funds | 63,234 | — | — | 63,234 |
Total Investments in Securities | 746,107,533 | — | — | 746,107,533 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 69 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, June 30, 2018 (Unaudited)
Common Stocks 96.5% | ||
Issuer | Shares | Value ($) |
Brazil 4.7% | ||
Odontoprev SA Dental benefits company | 560,000 | 1,907,244 |
Qualicorp SA Insurance and benefits packages | 158,000 | 750,100 |
Raia Drogasil SA Chain of pharmaceutical stores | 88,000 | 1,487,423 |
Total | 4,144,767 | |
Cambodia 2.9% | ||
NagaCorp Ltd. Leisure and tourism company | 2,848,000 | 2,582,988 |
Cayman Islands 12.0% | ||
Gourmet Master Co., Ltd. Coffee & bakery cafes | 245,088 | 2,367,858 |
Huazhu Group Ltd., ADR Hotel operator and franchisor | 29,600 | 1,242,904 |
Parade Technologies Ltd. Fabless semiconductor company | 111,000 | 1,856,663 |
Silicon Motion Technology Corp., ADR Semiconductor products | 36,799 | 1,946,299 |
Xiabuxiabu Catering Management China Holdings Co., Ltd. Chain of restaurants in China | 1,456,000 | 3,179,422 |
Total | 10,593,146 | |
China 10.2% | ||
51job, Inc., ADR(a) Integrated human resource services | 26,116 | 2,549,966 |
58.Com, Inc., ADR(a) Local life service platform | 25,893 | 1,795,421 |
China Medical System Holdings Ltd. Pharmaceutical and medical products | 396,000 | 788,772 |
New Oriental Education & Technology Group, Inc., ADR Educational services | 28,500 | 2,697,810 |
TravelSky Technology Ltd., Class H IT solutions for China’s air travel and tourism industries | 401,000 | 1,163,956 |
Total | 8,995,925 | |
Egypt 1.3% | ||
Commercial International Bank of Egypt Provides a range of financial services | 237,000 | 1,130,975 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hong Kong 6.1% | ||
ASM Pacific Technology Ltd. Machines, tools & materials used in the semiconductor industry | 68,800 | 867,123 |
Value Partners Group Ltd. Independent, value oriented asset management group | 1,653,000 | 1,299,739 |
Vitasoy International Holdings Ltd. Food and beverages | 1,008,000 | 3,220,771 |
Total | 5,387,633 | |
India 9.0% | ||
Care Ratings Ltd. Credit rating services | 101,000 | 1,849,315 |
GRUH Finance Ltd. Provides a range of home loans as well as insurance products | 558,148 | 2,480,258 |
Havells India Ltd. Manufactures electrical products | 129,000 | 1,022,768 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 329,472 | 2,617,896 |
Total | 7,970,237 | |
Indonesia 4.3% | ||
PT Link Net Tbk High-speed internet connection through fiber optic lines | 3,902,900 | 1,196,492 |
PT Matahari Department Store Tbk Retail clothes, accessories, bags, shoes, cosmetics, household appliances, and management consulting services. | 2,300,000 | 1,408,646 |
PT Tower Bersama Infrastructure Tbk Telecommunication infrastructure services to Indonesian wireless carriers | 3,550,000 | 1,235,735 |
Total | 3,840,873 | |
Japan 1.0% | ||
Mandom Corp. Cosmetic products for men and women | 29,000 | 901,932 |
Malaysia 1.2% | ||
AEON Credit Service M Bhd Consumer financing products | 295,000 | 1,051,169 |
70 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Mexico 4.3% | ||
Grupo Aeroportuario del Sureste SAB de CV, ADR(b) Operates airports in Mexico | 7,000 | 1,114,120 |
Qualitas Controladora SAB de CV Insurance holding company | 1,079,000 | 2,660,522 |
Total | 3,774,642 | |
Philippines 2.3% | ||
D&L Industries, Inc. Customized raw materials | 6,000,000 | 1,142,268 |
Security Bank Corp. Financial products & services | 229,000 | 856,389 |
Total | 1,998,657 | |
Poland 0.9% | ||
KRUK SA Debt collection services | 15,000 | 799,376 |
Russian Federation 1.4% | ||
TCS Group Holding PLC, GDR Online retail financial services | 59,000 | 1,221,300 |
South Africa 6.4% | ||
Clicks Group Ltd. Owns and operates chains of retail stores | 114,687 | 1,637,548 |
Famous Brands Ltd.(a) Food and beverage company | 258,936 | 2,140,650 |
PSG Group Ltd. Diversified financial services | 117,696 | 1,851,390 |
Total | 5,629,588 | |
South Korea 14.2% | ||
CJ Logistics Corp.(a) Logistics services | 11,681 | 1,761,634 |
GS Retail Co., Ltd. Chain of retail stores | 27,911 | 1,101,417 |
Koh Young Technology, Inc. 3D measurement and inspection equipment for testing various machineries | 32,515 | 2,972,511 |
Korea Investment Holdings Co., Ltd. Financial holding company | 26,676 | 2,011,360 |
Korea Zinc Co. Ltd. Non-ferrous metal smelting | 6,800 | 2,355,297 |
Modetour Network, Inc. Travel services | 94,518 | 2,305,210 |
Total | 12,507,429 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Spain 1.0% | ||
Prosegur Cia de Seguridad SA, Registered Shares Security and transportation services | 131,000 | 853,366 |
Taiwan 9.0% | ||
Basso Industry Corp. Pneumatic nailers and staplers | 639,000 | 1,362,382 |
Largan Precision Co., Ltd. Optical lens modules and optoelectronic components | 9,000 | 1,322,167 |
Silergy Corp. High performance analog integrated circuits | 75,000 | 1,822,450 |
Sinbon Electronics Co., Ltd. Cable, connectors & modems | 587,000 | 1,601,977 |
Voltronic Power Technology Corp. Uninterruptible power supply products, inverters, multiple surface mounted devices and other power products | 108,000 | 1,844,112 |
Total | 7,953,088 | |
Thailand 2.9% | ||
Beauty Community PCL Cosmetic and beauty products | 2,436,000 | 895,757 |
Muangthai Leasing PCL, Foreign Registered Shares Commercial lending company | 446,600 | 445,064 |
Tisco Financial Group PCL Bank holding company | 500,000 | 1,266,529 |
Total | 2,607,350 | |
Turkey 1.4% | ||
Logo Yazilim Sanayi Ve Ticaret AS(a) Enterprise resource planning software | 139,000 | 1,272,645 |
Total Common Stocks (Cost: $72,615,336) | 85,217,086 | |
Securities Lending Collateral 0.4% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 1.810%(c),(d) | 405,000 | 405,000 |
Total Securities Lending Collateral (Cost: $405,000) | 405,000 | |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 71 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, June 30, 2018 (Unaudited)
Money Market Funds 3.5% | ||
Shares | Value ($) | |
JPMorgan U.S. Government Money Market Fund, IM Shares, 1.819%(c) | 3,062,786 | 3,062,786 |
Total Money Market Funds (Cost: $3,062,786) | 3,062,786 | |
Total Investments in Securities (Cost: $76,083,122) | 88,684,872 | |
Obligation to Return Collateral for Securities Loaned | (405,000) | |
Other Assets & Liabilities, Net | 54,436 | |
Net Assets | $88,334,308 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at June 30, 2018. The total market value of securities on loan at June 30, 2018 was $397,900. |
(c) | The rate shown is the seven-day current annualized yield at June 30, 2018. |
(d) | Investment made with cash collateral received from securities lending activity. |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
72 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, June 30, 2018 (Unaudited)
The following table is a summary of the inputs used to value the Fund’s investments at June 30, 2018:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Brazil | 4,144,767 | — | — | 4,144,767 |
Cambodia | — | 2,582,988 | — | 2,582,988 |
Cayman Islands | 3,189,203 | 7,403,943 | — | 10,593,146 |
China | 7,043,197 | 1,952,728 | — | 8,995,925 |
Egypt | — | 1,130,975 | — | 1,130,975 |
Hong Kong | — | 5,387,633 | — | 5,387,633 |
India | — | 7,970,237 | — | 7,970,237 |
Indonesia | — | 3,840,873 | — | 3,840,873 |
Japan | — | 901,932 | — | 901,932 |
Malaysia | — | 1,051,169 | — | 1,051,169 |
Mexico | 3,774,642 | — | — | 3,774,642 |
Philippines | — | 1,998,657 | — | 1,998,657 |
Poland | — | 799,376 | — | 799,376 |
Russian Federation | — | 1,221,300 | — | 1,221,300 |
South Africa | — | 5,629,588 | — | 5,629,588 |
South Korea | — | 12,507,429 | — | 12,507,429 |
Spain | — | 853,366 | — | 853,366 |
Taiwan | — | 7,953,088 | — | 7,953,088 |
Thailand | — | 2,607,350 | — | 2,607,350 |
Turkey | — | 1,272,645 | — | 1,272,645 |
Total Common Stocks | 18,151,809 | 67,065,277 | — | 85,217,086 |
Securities Lending Collateral | 405,000 | — | — | 405,000 |
Money Market Funds | 3,062,786 | — | — | 3,062,786 |
Total Investments in Securities | 21,619,595 | 67,065,277 | — | 88,684,872 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 73 |
Table of Contents
Columbia Acorn European FundSM, June 30, 2018 (Unaudited)
Common Stocks 96.8% | ||
Issuer | Shares | Value ($) |
Belgium 1.6% | ||
Melexis NV Advanced integrated semiconductors, sensor ICs, and programmable sensor IC systems | 19,371 | 1,793,302 |
Denmark 5.8% | ||
ALK-Abello AS(a) Pharmaceuticals for allergy vaccinations | 6,861 | 1,143,262 |
SimCorp AS Global provider of highly specialised software for the investment management industry | 41,214 | 3,328,691 |
William Demant Holding AS(b) Hearing aids, audiometers, tympanometers, diagnostic instruments, and wireless communication equipment | 50,241 | 2,016,276 |
Total | 6,488,229 | |
Finland 2.4% | ||
Ahlstrom-Munksjo Oyj Industrial paper | 67,778 | 1,222,546 |
Ahlstrom-Munksjo Oyj(c) Industrial paper | 82,213 | 1,490,651 |
Total | 2,713,197 | |
France 1.8% | ||
Akka Technologies High-technology engineering consulting services | 28,816 | 2,055,858 |
Germany 22.0% | ||
AURELIUS Equity Opportunities SE & Co. KGaA Loans to distressed companies | 30,014 | 1,776,478 |
CTS Eventim AG & Co. KGaA Online ticket sales | 51,261 | 2,516,798 |
Deutsche Beteiligungs AG Private equity company, investing in domestic medium-sized companies | 26,050 | 1,031,418 |
Fielmann AG Prescription eyeglasses, specialty glasses, sunglasses, contact lenses, and optical supplies | 22,146 | 1,531,180 |
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 12,349 | 2,365,346 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 30,204 | 3,620,150 |
Norma Group SE Plastic and metal-based components and systems in connecting technology | 21,026 | 1,436,568 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Rational AG Food preparation appliances/processors and kitchen accessories | 3,607 | 2,348,910 |
Stroeer SE & Co. KGaA Digital multi-channel media company | 32,815 | 1,981,202 |
Vapiano SE(b) Chain of restaurants | 71,159 | 1,679,763 |
Varta AG(b) Manufactures and markets a wide range of industrial, commercial and miniaturized batteries | 28,977 | 785,750 |
Wirecard AG Internet payment and processing services | 22,879 | 3,661,107 |
Total | 24,734,670 | |
Ireland 1.6% | ||
UDG Healthcare PLC Commercialisation solutions for health care companies | 169,213 | 1,838,895 |
Italy 5.2% | ||
Brembo SpA Braking systems and components | 228,119 | 3,076,588 |
Davide Campari-Milano SpA Global producer & distributor of branded spirits, wines and soft drinks | 145,165 | 1,191,503 |
Industria Macchine Automatiche SpA Packaging machinery for the food, pharmaceuticals, and cosmetics industries | 18,776 | 1,629,218 |
Total | 5,897,309 | |
Luxembourg 1.7% | ||
eDreams ODIGEO SA(b) Online travel company | 466,018 | 1,891,869 |
Malta 3.0% | ||
Unibet Group PLC Online gambling services | 271,181 | 3,397,292 |
Netherlands 2.4% | ||
Aalberts Industries NV Industrial services and flow control systems | 57,813 | 2,761,755 |
Norway 3.0% | ||
Atea ASA Nordic and Baltic supplier of IT infrastructure | 162,131 | 2,334,851 |
XXL ASA Multi-sports retail store | 133,240 | 1,077,058 |
Total | 3,411,909 |
74 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn European FundSM, June 30, 2018 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Poland 0.9% | ||
KRUK SA Debt collection services | 19,295 | 1,028,264 |
Russian Federation 1.0% | ||
TCS Group Holding PLC, GDR Online retail financial services | 54,000 | 1,117,800 |
Spain 1.1% | ||
Prosegur Cia de Seguridad SA, Registered Shares Security and transportation services | 195,343 | 1,272,513 |
Sweden 11.7% | ||
AddTech AB, Class B High-tech industrial components and systems | 51,227 | 1,129,472 |
Byggmax Group AB(a) Discount provider of building materials | 168,340 | 731,712 |
NetEnt AB Develops and markets computer gaming software | 254,416 | 1,351,362 |
Sectra AB, B Shares Medical and communication systems | 158,796 | 4,194,399 |
Sweco AB, Class B Consulting company specializing in engineering, environmental technology, and architecture | 127,061 | 2,991,395 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 128,163 | 2,725,221 |
Total | 13,123,561 | |
Switzerland 8.0% | ||
Belimo Holding AG, Registered Shares Manufactures heating, ventilation and air conditioning equipment | 216 | 940,079 |
Bossard Holding AG, Class A, Registered Shares Fastening devices, industrial adhesives & tools | 11,100 | 2,057,701 |
Inficon Holding AG Vacuum instruments used to monitor and control production processes | 3,890 | 1,977,328 |
Kardex AG Storage, warehouse and materials handling systems | 8,800 | 1,217,714 |
Partners Group Holding AG Global private markets asset management firm | 3,825 | 2,796,251 |
Total | 8,989,073 | |
Turkey 0.9% | ||
Logo Yazilim Sanayi Ve Ticaret AS(b) Enterprise resource planning software | 109,492 | 1,002,478 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
United Kingdom 22.7% | ||
Ascential PLC Media and consultancy services | 297,956 | 1,773,700 |
Assura PLC Primary healthcare property group | 2,110,582 | 1,603,058 |
Big Yellow Group PLC Self-storage company | 93,728 | 1,174,939 |
Croda International PLC Chemicals and chemical products | 28,718 | 1,814,321 |
Domino’s Pizza Group PLC Pizza delivery stores | 298,662 | 1,363,073 |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 182,470 | 3,285,611 |
Hastings Group Holdings PLC General insurance services to the automobile and home insurance products | 321,271 | 1,076,594 |
Intermediate Capital Group PLC Private equity firm | 132,186 | 1,914,966 |
Polypipe Group PLC Plastic piping systems | 191,479 | 970,238 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 776,908 | 3,582,035 |
Rightmove PLC Website that lists properties across Britain | 30,259 | 2,115,179 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 37,402 | 3,207,357 |
WH Smith PLC Retails books, magazines, newspapers, and periodicals | 62,620 | 1,648,288 |
Total | 25,529,359 | |
Total Common Stocks (Cost: $89,049,582) | 109,047,333 |
Preferred Stocks 1.9% | |||
Issuer | Shares | Value ($) | |
Germany 1.9% | |||
Sartorius AG Precision electronic equipment and components | 14,206 | 2,114,864 | |
Total Preferred Stocks (Cost: $1,401,736) | 2,114,864 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 75 |
Table of Contents
Columbia Acorn European FundSM, June 30, 2018 (Unaudited)
Securities Lending Collateral 1.0% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 1.810%(d),(e) | 1,168,500 | 1,168,500 |
Total Securities Lending Collateral (Cost: $1,168,500) | 1,168,500 | |
Money Market Funds 1.5% | ||
JPMorgan U.S. Government Money Market Fund, IM Shares, 1.819%(d) | 1,646,588 | 1,646,588 |
Total Money Market Funds (Cost: $1,646,588) | 1,646,588 | |
Total Investments in Securities (Cost: $93,266,406) | 113,977,285 | |
Obligation to Return Collateral for Securities Loaned | (1,168,500) | |
Other Assets & Liabilities, Net | (212,437) | |
Net Assets | $112,596,348 |
(a) | All or a portion of this security was on loan at June 30, 2018. The total market value of securities on loan at June 30, 2018 was $1,140,391. |
(b) | Non-income producing security. |
(c) | Security is traded on a Swedish exchange. |
(d) | The rate shown is the seven-day current annualized yield at June 30, 2018. |
(e) | Investment made with cash collateral received from securities lending activity. |
GDR | Global Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
76 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn European FundSM, June 30, 2018 (Unaudited)
require fair valuation and fair value techniques; circumstances under which securities will be deemed to pose a potential for stale pricing, including when securities are illiquid, restricted, or in default; and certain delegations of authority to determine fair values to the Fund’s investment manager. The Committee may also meet to discuss additional valuation matters, which may include review of back-testing results, review of time-sensitive information or approval of other valuation related actions, and to review the appropriateness of the Policies.
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Belgium | — | 1,793,302 | — | 1,793,302 |
Denmark | — | 6,488,229 | — | 6,488,229 |
Finland | — | 2,713,197 | — | 2,713,197 |
France | — | 2,055,858 | — | 2,055,858 |
Germany | — | 24,734,670 | — | 24,734,670 |
Ireland | — | 1,838,895 | — | 1,838,895 |
Italy | — | 5,897,309 | — | 5,897,309 |
Luxembourg | — | 1,891,869 | — | 1,891,869 |
Malta | — | 3,397,292 | — | 3,397,292 |
Netherlands | — | 2,761,755 | — | 2,761,755 |
Norway | — | 3,411,909 | — | 3,411,909 |
Poland | — | 1,028,264 | — | 1,028,264 |
Russian Federation | — | 1,117,800 | — | 1,117,800 |
Spain | — | 1,272,513 | — | 1,272,513 |
Sweden | — | 13,123,561 | — | 13,123,561 |
Switzerland | — | 8,989,073 | — | 8,989,073 |
Turkey | — | 1,002,478 | — | 1,002,478 |
United Kingdom | — | 25,529,359 | — | 25,529,359 |
Total Common Stocks | — | 109,047,333 | — | 109,047,333 |
Preferred Stocks | ||||
Germany | — | 2,114,864 | — | 2,114,864 |
Total Preferred Stocks | — | 2,114,864 | — | 2,114,864 |
Securities Lending Collateral | 1,168,500 | — | — | 1,168,500 |
Money Market Funds | 1,646,588 | — | — | 1,646,588 |
Total Investments in Securities | 2,815,088 | 111,162,197 | — | 113,977,285 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 77 |
Table of Contents
June 30, 2018 (Unaudited)
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Assets | ||||
Investments in securities, at value* | ||||
Unaffiliated issuers (cost $3,275,704,446, $2,781,946,072, $268,142,631, $88,853,531, respectively) | $4,729,778,483 | $3,974,407,792 | $352,891,816 | $119,821,335 |
Affiliated issuers (cost $30,351,061, $—, $—, $—, respectively) | 32,392,600 | — | — | — |
Foreign currency (cost $—, $1,012,513, $—, $37,523, respectively) | — | 1,014,849 | — | 36,744 |
Margin deposits on: | ||||
Futures contracts | — | 1,371,900 | — | — |
Receivable for: | ||||
Investments sold | 48,429,034 | 811,443 | 2,011,476 | — |
Capital shares sold | 1,455,668 | 1,871,608 | 262,402 | 270,316 |
Dividends | 1,823,104 | 3,303,794 | 185,604 | 201,505 |
Securities lending income | 27,019 | 7,070 | 4,703 | 58 |
Foreign tax reclaims | — | 4,447,126 | 164 | 89,791 |
Variation margin for futures contracts | — | 252,435 | — | — |
Expense reimbursement due from Investment Manager | — | — | 351 | 489 |
Prepaid expenses | 31,497 | 32,909 | 2,229 | 817 |
Trustees’ deferred compensation plan | 3,476,108 | 1,771,290 | 336,877 | — |
Other assets | — | 3,401 | — | — |
Total assets | 4,817,413,513 | 3,989,295,617 | 355,695,622 | 120,421,055 |
Liabilities | ||||
Due to custodian | — | — | — | 69,586 |
Due upon return of securities on loan | 50,735,444 | 14,853,961 | 4,633,100 | 1,312,200 |
Payable for: | ||||
Investments purchased | 2,148,155 | 1,503,905 | 3,182,569 | — |
Capital shares purchased | 6,474,434 | 4,953,535 | 73,875 | 99,148 |
Investment advisory fee | 87,113 | 82,954 | 8,741 | 2,855 |
Distribution and/or service fees | 12,142 | 4,502 | 623 | 323 |
Transfer agent fees | 412,366 | 383,859 | 35,005 | 11,145 |
Administration fees | 6,216 | 5,126 | 454 | 153 |
Trustees’ fees | 12,243 | 13,272 | 3,191 | 53,232 |
Compensation of chief compliance officer | — | — | 193 | — |
Other expenses | 253,634 | 527,360 | 60,883 | 57,026 |
Trustees’ deferred compensation plan | 3,476,108 | 1,771,290 | 336,877 | — |
Other liabilities | — | 12,486 | — | — |
Total liabilities | 63,617,855 | 24,112,250 | 8,335,511 | 1,605,668 |
Net assets applicable to outstanding capital stock | $4,753,795,658 | $3,965,183,367 | $347,360,111 | $118,815,387 |
Represented by | ||||
Paid in capital | 2,994,392,691 | 2,210,721,421 | 234,003,006 | 81,439,512 |
Undistributed (excess of distributions over) net investment income | (38,449) | 12,611,314 | (661,914) | 519,601 |
Accumulated net realized gain | 303,325,840 | 550,692,969 | 29,269,834 | 5,887,899 |
Unrealized appreciation (depreciation) on: | ||||
Investments - unaffiliated issuers | 1,454,074,037 | 1,192,461,720 | 84,749,185 | 30,967,804 |
Investments - affiliated issuers | 2,041,539 | — | — | — |
Foreign currency translations | — | (2,227) | — | 571 |
Futures contracts | — | (1,301,830) | — | — |
Total - representing net assets applicable to outstanding capital stock | $4,753,795,658 | $3,965,183,367 | $347,360,111 | $118,815,387 |
* Value of securities on loan | 49,634,346 | 14,348,902 | 4,523,791 | 1,289,196 |
78 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
June 30, 2018 (Unaudited)
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Class A | ||||
Net assets | $848,905,467 | $415,541,471 | $50,822,748 | $27,687,391 |
Shares outstanding | 62,353,247 | 9,247,900 | 3,650,188 | 941,569 |
Net asset value per share(a) | $13.61 | $44.93 | $13.92 | $29.41 |
Maximum sales charge | 5.75% | 5.75% | 5.75% | 5.75% |
Maximum offering price per share(b) (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $14.44 | $47.67 | $14.77 | $31.20 |
Advisor Class | ||||
Net assets | $49,882,672 | $77,843,741 | $19,073,259 | $1,003,885 |
Shares outstanding | 2,923,833 | 1,713,397 | 1,056,164 | 33,437 |
Net asset value per share(c) | $17.06 | $45.43 | $18.06 | $30.02 |
Class C | ||||
Net assets | $230,376,218 | $55,771,319 | $10,026,465 | $5,030,771 |
Shares outstanding | 34,365,505 | 1,302,106 | 1,404,507 | 184,794 |
Net asset value per share(a) | $6.70 | $42.83 | $7.14 | $27.22 |
Institutional Class | ||||
Net assets | $3,513,311,119 | $2,687,589,704 | $205,984,074 | $75,280,427 |
Shares outstanding | 215,372,887 | 59,659,720 | 12,087,904 | 2,525,978 |
Net asset value per share(c) | $16.31 | $45.05 | $17.04 | $29.80 |
Institutional 2 Class | ||||
Net assets | $47,150,693 | $325,738,022 | $3,700,559 | $1,075,969 |
Shares outstanding | 2,739,781 | 7,232,403 | 203,462 | 35,845 |
Net asset value per share(c) | $17.21 | $45.04 | $18.19 | $30.02 |
Institutional 3 Class | ||||
Net assets | $64,169,489 | $389,854,273 | $57,753,006 | $8,736,944 |
Shares outstanding | 3,695,928 | 8,575,280 | 3,145,694 | 291,227 |
Net asset value per share(c) | $17.36 | $45.46 | $18.36 | $30.00 |
Class R | ||||
Net assets | $— | $12,844,837 | $— | $— |
Shares outstanding | — | 286,216 | — | — |
Net asset value per share(c) | $— | $44.88 | $— | $— |
(a) | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
(b) | On sales of $50,000 or more the offering price is reduced. |
(c) | Redemption price per share is equal to net asset value. |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 79 |
Table of Contents
June 30, 2018 (Unaudited)
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Assets | ||||
Investments in securities, at value* | ||||
Unaffiliated issuers (cost $226,024,808, $63,234, $76,083,122, $93,266,406, respectively) | $306,816,162 | $63,234 | $88,684,872 | $113,977,285 |
Affiliated issuers (cost $—, $735,160,369, $—, $—, respectively) | — | 746,044,299 | — | — |
Cash | — | — | 20,705 | — |
Foreign currency (cost $—, $—, $—, $6,499, respectively) | — | — | — | 6,507 |
Receivable for: | ||||
Investments sold | 1,367,334 | 3,686,786 | 69,238 | 20,813 |
Capital shares sold | 85,062 | 1,059,134 | 25,547 | 157,042 |
Dividends | 229,908 | 982,637 | 96,528 | 135,875 |
Securities lending income | — | — | 19 | 2,957 |
Foreign tax reclaims | — | — | 429 | 162,894 |
Expense reimbursement due from Investment Manager | — | 1,452 | 1,246 | 1,136 |
Prepaid expenses | 2,054 | 6,103 | 675 | 567 |
Trustees’ deferred compensation plan | 280,084 | — | — | — |
Other assets | — | 8,014 | 4,395 | 14,208 |
Total assets | 308,780,604 | 751,851,659 | 88,903,654 | 114,479,284 |
Liabilities | ||||
Due to custodian | — | 10,935 | — | — |
Due upon return of securities on loan | — | — | 405,000 | 1,168,500 |
Payable for: | ||||
Investments purchased | 1,255,184 | 982,637 | 38 | 112,855 |
Capital shares purchased | 255,349 | 928,978 | 58,324 | 540,078 |
Investment advisory fee | 5,463 | 2,054 | 2,990 | 3,546 |
Distribution and/or service fees | 1,272 | 7,192 | 559 | 651 |
Transfer agent fees | 27,697 | 65,924 | 10,651 | 9,671 |
Administration fees | 401 | 980 | 114 | 145 |
Trustees’ fees | 826 | 182,555 | 35,770 | 9,319 |
Compensation of chief compliance officer | — | 62 | — | — |
Custodian fees | 1,406 | 120 | 30,151 | 11,136 |
Other expenses | 56,245 | 55,431 | 24,699 | 27,035 |
Trustees’ deferred compensation plan | 280,084 | — | — | — |
Other liabilities | — | — | 1,050 | — |
Total liabilities | 1,883,927 | 2,236,868 | 569,346 | 1,882,936 |
Net assets applicable to outstanding capital stock | $306,896,677 | $749,614,791 | $88,334,308 | $112,596,348 |
Represented by | ||||
Paid in capital | 205,196,251 | 719,936,527 | 150,983,886 | 98,686,583 |
Undistributed (excess of distributions over) net investment income | 67,326 | 5,365,800 | (267,833) | 73,445 |
Accumulated net realized gain (loss) | 20,841,746 | 13,428,534 | (74,982,589) | (6,874,714) |
Unrealized appreciation (depreciation) on: | ||||
Investments - unaffiliated issuers | 80,791,354 | — | 12,601,750 | 20,710,879 |
Investments - affiliated issuers | — | 10,883,930 | — | — |
Foreign currency translations | — | — | (906) | 155 |
Total - representing net assets applicable to outstanding capital stock | $306,896,677 | $749,614,791 | $88,334,308 | $112,596,348 |
* Value of securities on loan | — | — | 397,900 | 1,140,391 |
80 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
June 30, 2018 (Unaudited)
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Class A | ||||
Net assets | $105,638,878 | $224,218,745 | $29,176,157 | $35,428,360 |
Shares outstanding | 7,358,785 | 15,467,908 | 2,332,214 | 1,838,707 |
Net asset value per share(a) | $14.36 | $14.50 | $12.51 | $19.27 |
Maximum sales charge | 5.75% | 5.75% | 5.75% | 5.75% |
Maximum offering price per share(b) (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $15.24 | $15.38 | $13.27 | $20.45 |
Advisor Class | ||||
Net assets | $5,625,805 | $14,014,371 | $1,114,815 | $2,847,329 |
Shares outstanding | 329,524 | 974,338 | 88,071 | 146,875 |
Net asset value per share(c) | $17.07 | $14.38 | $12.66 | $19.39 |
Class C | ||||
Net assets | $20,076,671 | $206,076,816 | $13,343,225 | $15,302,128 |
Shares outstanding | 2,209,121 | 14,169,701 | 1,082,982 | 803,472 |
Net asset value per share(a) | $9.09 | $14.54 | $12.32 | $19.05 |
Institutional Class | ||||
Net assets | $155,930,654 | $289,196,388 | $43,048,932 | $53,801,869 |
Shares outstanding | 9,513,605 | 20,214,931 | 3,422,499 | 2,788,983 |
Net asset value per share(c) | $16.39 | $14.31 | $12.58 | $19.29 |
Institutional 2 Class | ||||
Net assets | $2,080,152 | $15,648,005 | $747,817 | $5,213,468 |
Shares outstanding | 121,175 | 1,086,627 | 59,032 | 267,416 |
Net asset value per share(c) | $17.17 | $14.40 | $12.67 | $19.50 |
Institutional 3 Class | ||||
Net assets | $17,544,517 | $460,466 | $903,362 | $3,194 |
Shares outstanding | 1,012,106 | 32,017 | 71,890 | 166 |
Net asset value per share(c) | $17.33 | $14.38 | $12.57 | $19.19 (d) |
(a) | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
(b) | On sales of $50,000 or more the offering price is reduced. |
(c) | Redemption price per share is equal to net asset value. |
(d) | Net asset value per share rounds to this amount due to fractional shares outstanding. |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 81 |
Table of Contents
Six Months Ended June 30, 2018 (Unaudited)
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Net investment income | ||||
Income: | ||||
Dividends — unaffiliated issuers | $23,821,143 | $57,136,325 | $1,610,354 | $1,488,106 |
Income from securities lending — net | 134,116 | 348,858 | 31,536 | 5,431 |
Foreign taxes withheld | — | (5,024,295) | (12,565) | (139,248) |
Total income | 23,955,259 | 52,460,888 | 1,629,325 | 1,354,289 |
Expenses: | ||||
Investment advisory fee | 15,805,540 | 17,975,708 | 1,534,383 | 562,302 |
Distribution and/or service fees | ||||
Class A | 1,048,207 | 565,595 | 60,521 | 33,532 |
Class C | 1,215,747 | 312,792 | 49,659 | 26,491 |
Class R | — | 32,839 | — | — |
Transfer agent fees | ||||
Class A | 400,806 | 274,338 | 32,481 | 19,422 |
Advisor Class | 22,099 | 53,577 | 11,589 | 740 |
Class C | 116,184 | 37,926 | 6,664 | 3,832 |
Institutional Class | 1,662,999 | 1,801,968 | 130,585 | 60,893 |
Institutional 2 Class | 15,956 | 105,602 | 2,884 | 204 |
Institutional 3 Class | 930 | 3,510 | 442 | 45 |
Class R | — | 7,969 | — | — |
Administration fees | 1,114,274 | 1,104,851 | 78,611 | 29,771 |
Trustees’ fees | 240,117 | 249,282 | 17,965 | 6,443 |
Custodian fees | 14,758 | 392,186 | 5,449 | 12,611 |
Printing and postage fees | 167,800 | 221,029 | 23,633 | 14,223 |
Registration fees | 56,643 | 70,080 | 45,170 | 44,868 |
Audit fees | 60,122 | 88,546 | 20,884 | 23,567 |
Legal fees | 326,378 | 336,219 | 22,756 | 9,016 |
Compensation of chief compliance officer | 7,291 | 7,603 | 416 | 209 |
Other | 96,578 | 111,772 | 15,281 | 11,141 |
Total expenses | 22,372,429 | 23,753,392 | 2,059,373 | 859,310 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | — | — | (20,378) | (77,510) |
Fees waived by transfer agent | ||||
Class A | (107,308) | (25,477) | — | — |
Advisor Class | (5,938) | (4,958) | — | — |
Class C | (31,082) | (3,519) | — | — |
Institutional Class | (445,076) | (166,434) | — | — |
Institutional 2 Class | (1,441) | (7,553) | (347) | (49) |
Institutional 3 Class | (930) | (3,510) | (442) | (45) |
Class R | — | (743) | — | — |
Expense reduction | (7,700) | (8,672) | (1,420) | (640) |
Total net expenses | 21,772,954 | 23,532,526 | 2,036,786 | 781,066 |
Net investment income (loss) | 2,182,305 | 28,928,362 | (407,461) | 573,223 |
82 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Six Months Ended June 30, 2018 (Unaudited)
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 | $331,454,232 | $560,211,254 | $30,015,888 | $12,420,442 |
Investments — affiliated issuers | (17,193,753) | — | — | — |
Foreign currency translations | — | (1,116,371) | — | (31,847) |
Futures contracts | — | (4,806,843) | — | — |
Net realized gain | 314,260,479 | 554,288,040 | 30,015,888 | 12,388,595 |
Net change in unrealized appreciation (depreciation) on: | ||||
Investments — unaffiliated issuers | 147,693,178 | (550,765,494) | 18,577,973 | (10,636,769) |
Investments — affiliated issuers | 3,543,297 | — | — | — |
Foreign currency translations | — | (133,356) | — | (3,480) |
Futures contracts | — | (1,301,830) | — | — |
Foreign capital gains tax | — | — | — | 14,814 |
Net change in unrealized appreciation (depreciation) | 151,236,475 | (552,200,680) | 18,577,973 | (10,625,435) |
Net realized and unrealized gain | 465,496,954 | 2,087,360 | 48,593,861 | 1,763,160 |
Net increase in net assets resulting from operations | $467,679,259 | $31,015,722 | $48,186,400 | $2,336,383 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 83 |
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Six Months Ended June 30, 2018 (Unaudited)
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Net investment income | ||||
Income: | ||||
Dividends — unaffiliated issuers | $1,901,958 | $12,949 | $1,104,489 | $1,952,194 |
Dividends — affiliated issuers | — | 8,004,696 | — | — |
Income from securities lending — net | 2,441 | — | 15,734 | 22,879 |
Foreign taxes withheld | — | — | (62,127) | (183,226) |
Total income | 1,904,399 | 8,017,645 | 1,058,096 | 1,791,847 |
Expenses: | ||||
Investment advisory fee | 1,301,250 | 399,813 | 628,878 | 670,914 |
Distribution and/or service fees | ||||
Class A | 129,951 | 298,142 | 40,942 | 45,189 |
Class C | 108,059 | 1,136,075 | 75,225 | 78,889 |
Transfer agent fees | ||||
Class A | 72,953 | 122,813 | 19,455 | 20,408 |
Advisor Class | 3,790 | 7,661 | 719 | 2,440 |
Class C | 15,153 | 116,913 | 8,936 | 8,906 |
Institutional Class | 109,107 | 156,474 | 29,948 | 30,847 |
Institutional 2 Class | 519 | 4,164 | 314 | 1,450 |
Institutional 3 Class | 171 | 25 | 12 | 5 |
Administration fees | 72,145 | 188,396 | 23,883 | 27,389 |
Trustees’ fees | 15,584 | 44,573 | 5,305 | 4,994 |
Custodian fees | 1,957 | 826 | 43,571 | 16,176 |
Printing and postage fees | 25,881 | 47,026 | 13,369 | 9,964 |
Registration fees | 43,731 | 50,526 | 43,559 | 45,807 |
Audit fees | 20,885 | 11,526 | 23,707 | 20,542 |
Legal fees | 21,041 | 56,797 | 7,287 | 8,084 |
Compensation of chief compliance officer | 481 | 1,276 | 164 | 179 |
Other | 14,382 | 24,686 | 12,300 | 13,867 |
Total expenses | 1,957,040 | 2,667,712 | 977,574 | 1,006,050 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (306,177) | (235,339) | (224,168) | (190,304) |
Fees waived by transfer agent | ||||
Class A | (15,774) | — | — | — |
Advisor Class | (820) | — | — | — |
Class C | (3,267) | — | — | — |
Institutional Class | (23,593) | — | — | — |
Institutional 2 Class | (44) | (464) | (70) | (127) |
Institutional 3 Class | (171) | (25) | (12) | (5) |
Expense reduction | (1,320) | (580) | (40) | — |
Total net expenses | 1,605,874 | 2,431,304 | 753,284 | 815,614 |
Net investment income | 298,525 | 5,586,341 | 304,812 | 976,233 |
84 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
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Six Months Ended June 30, 2018 (Unaudited)
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Realized and unrealized gain (loss) — net | ||||
Net realized gain (loss) on: | ||||
Investments — unaffiliated issuers | $21,043,823 | $— | $6,901,551 | $1,313,081 |
Investments — affiliated issuers | — | 11,842,071 | — | — |
Capital gain distributions from underlying affiliated funds | — | 3,154,352 | — | — |
Foreign currency translations | — | — | (17,995) | (10,084) |
Net realized gain | 21,043,823 | 14,996,423 | 6,883,556 | 1,302,997 |
Net change in unrealized appreciation (depreciation) on: | ||||
Investments — unaffiliated issuers | (1,874,899) | — | (12,234,088) | (2,049,457) |
Investments — affiliated issuers | — | (17,878,885) | — | — |
Foreign currency translations | — | — | (1,313) | (2,855) |
Foreign capital gains tax | — | — | 33,847 | — |
Net change in unrealized appreciation (depreciation) | (1,874,899) | (17,878,885) | (12,201,554) | (2,052,312) |
Net realized and unrealized gain (loss) | 19,168,924 | (2,882,462) | (5,317,998) | (749,315) |
Net increase (decrease) in net assets resulting from operations | $19,467,449 | $2,703,879 | $(5,013,186) | $226,918 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 85 |
Table of Contents
Columbia Acorn® Fund | Columbia Acorn International® | |||
Six Months Ended June 30, 2018 (Unaudited) | Year Ended December 31, 2017 | Six Months Ended June 30, 2018 (Unaudited) | Year Ended December 31, 2017 | |
Operations | ||||
Net investment income | $2,182,305 | $1,039,192 | $28,928,362 | $39,851,045 |
Net realized gain | 314,260,479 | 1,176,258,449 | 554,288,040 | 451,888,883 |
Net change in unrealized appreciation (depreciation) | 151,236,475 | (110,071,852) | (552,200,680) | 880,348,446 |
Net increase in net assets resulting from operations | 467,679,259 | 1,067,225,789 | 31,015,722 | 1,372,088,374 |
Distributions to shareholders | ||||
Net investment income | ||||
Class A | — | — | (2,142,268) | (7,118,778) |
Advisor Class | — | — | (416,769) | (1,687,012) |
Class B | — | — | — | (2,069) |
Class C | — | — | (314,157) | (387,660) |
Institutional Class | — | — | (13,895,282) | (57,030,081) |
Institutional 2 Class | — | — | (1,673,225) | (7,070,007) |
Institutional 3 Class | — | — | (2,221,224) | (8,860,457) |
Class R | — | — | (65,365) | (149,105) |
Net realized gains | ||||
Class A | (38,912,823) | (198,597,993) | (12,495,999) | (23,914,812) |
Advisor Class | (1,964,901) | (7,546,403) | (2,431,042) | (5,256,918) |
Class C | (18,218,848) | (98,221,494) | (1,832,499) | (3,412,394) |
Institutional Class | (144,705,603) | (708,224,553) | (81,052,175) | (160,560,346) |
Institutional 2 Class | (2,396,441) | (13,004,610) | (9,760,044) | (21,942,004) |
Institutional 3 Class | (2,561,382) | (11,007,435) | (12,956,559) | (35,892,439) |
Class R | — | — | (381,279) | (676,321) |
Total distributions to shareholders | (208,759,998) | (1,036,602,488) | (141,637,887) | (333,960,403) |
Decrease in net assets from capital stock activity | (143,297,319) | (221,183,341) | (831,154,471) | (784,106,134) |
Total increase (decrease) in net assets | 115,621,942 | (190,560,040) | (941,776,636) | 254,021,837 |
Net assets at beginning of period | 4,638,173,716 | 4,828,733,756 | 4,906,960,003 | 4,652,938,166 |
Net assets at end of period | $4,753,795,658 | $4,638,173,716 | $3,965,183,367 | $4,906,960,003 |
Undistributed (excess of distributions over) net investment income | $(38,449) | $(2,220,754) | $12,611,314 | $4,411,242 |
86 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
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Columbia Acorn USA® | Columbia Acorn International SelectSM | |||
Six Months Ended June 30, 2018 (Unaudited) | Year Ended December 31, 2017 | Six Months Ended June 30, 2018 (Unaudited) | Year Ended December 31, 2017 | |
Operations | ||||
Net investment income (loss) | $(407,461) | $(1,573,689) | $573,223 | $298,210 |
Net realized gain | 30,015,888 | 212,362,115 | 12,388,595 | 8,192,558 |
Net change in unrealized appreciation (depreciation) | 18,577,973 | (119,147,241) | (10,625,435) | 26,161,018 |
Net increase in net assets resulting from operations | 48,186,400 | 91,641,185 | 2,336,383 | 34,651,786 |
Distributions to shareholders | ||||
Net investment income | ||||
Class A | — | — | — | (9,521) |
Advisor Class | — | — | — | (4,562) |
Institutional Class | — | — | — | (228,058) |
Institutional 2 Class | — | — | — | (1,921) |
Institutional 3 Class | — | — | — | (26,734) |
Net realized gains | ||||
Class A | (1,673,917) | (15,531,538) | — | — |
Advisor Class | (506,255) | (4,118,797) | — | — |
Class C | (542,232) | (4,827,537) | — | — |
Institutional Class | (6,094,532) | (61,910,319) | — | — |
Institutional 2 Class | (333,927) | (3,183,971) | — | — |
Institutional 3 Class | (1,656,979) | (12,346,845) | — | — |
Total distributions to shareholders | (10,807,842) | (101,919,007) | — | (270,796) |
Decrease in net assets from capital stock activity | (12,696,045) | (310,665,005) | (14,315,800) | (3,597,759) |
Total increase (decrease) in net assets | 24,682,513 | (320,942,827) | (11,979,417) | 30,783,231 |
Net assets at beginning of period | 322,677,598 | 643,620,425 | 130,794,804 | 100,011,573 |
Net assets at end of period | $347,360,111 | $322,677,598 | $118,815,387 | $130,794,804 |
Undistributed (excess of distributions over) net investment income | $(661,914) | $(254,453) | $519,601 | $(53,622) |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 87 |
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Columbia Acorn SelectSM | Columbia Thermostat FundSM | |||
Six Months Ended June 30, 2018 (Unaudited) | Year Ended December 31, 2017 | Six Months Ended June 30, 2018 (Unaudited) | Year Ended December 31, 2017 | |
Operations | ||||
Net investment income (loss) | $298,525 | $(353,608) | $5,586,341 | $15,437,578 |
Net realized gain | 21,043,823 | 40,516,594 | 14,996,423 | 23,654,073 |
Net change in unrealized appreciation (depreciation) | (1,874,899) | 32,742,921 | (17,878,885) | 10,450,897 |
Net increase in net assets resulting from operations | 19,467,449 | 72,905,907 | 2,703,879 | 49,542,548 |
Distributions to shareholders | ||||
Net investment income | ||||
Class A | — | — | (281,543) | (9,278,829) |
Advisor Class | — | — | (17,921) | (559,209) |
Class C | — | — | (263,369) | (5,769,999) |
Institutional Class | — | — | (369,303) | (12,343,315) |
Institutional 2 Class | — | — | (19,414) | (468,756) |
Institutional 3 Class | — | — | (613) | (17,424) |
Net realized gains | ||||
Class A | (8,172,215) | (13,531,635) | (2,852,358) | (3,927,704) |
Advisor Class | (381,928) | (268,631) | (181,559) | (231,441) |
Class C | (2,369,599) | (4,068,306) | (2,668,232) | (3,875,776) |
Institutional Class | (11,183,196) | (17,384,449) | (3,740,545) | (4,913,074) |
Institutional 2 Class | (139,019) | (135,711) | (196,684) | (192,959) |
Institutional 3 Class | (1,194,290) | (2,568,205) | (6,205) | (7,159) |
Total distributions to shareholders | (23,440,247) | (37,956,937) | (10,597,746) | (41,585,645) |
Increase (decrease) in net assets from capital stock activity | 1,991,539 | (34,460,018) | (101,722,388) | (256,152,474) |
Total increase (decrease) in net assets | (1,981,259) | 488,952 | (109,616,255) | (248,195,571) |
Net assets at beginning of period | 308,877,936 | 308,388,984 | 859,231,046 | 1,107,426,617 |
Net assets at end of period | $306,896,677 | $308,877,936 | $749,614,791 | $859,231,046 |
Undistributed (excess of distributions over) net investment income | $67,326 | $(231,199) | $5,365,800 | $731,622 |
88 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
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Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||
Six Months Ended June 30, 2018 (Unaudited) | Year Ended December 31, 2017 | Six Months Ended June 30, 2018 (Unaudited) | Year Ended December 31, 2017 (a) | |
Operations | ||||
Net investment income (loss) | $304,812 | $(23,854) | $976,233 | $318,469 |
Net realized gain | 6,883,556 | 4,959,333 | 1,302,997 | 2,113,437 |
Net change in unrealized appreciation (depreciation) | (12,201,554) | 26,081,316 | (2,052,312) | 17,443,548 |
Net increase (decrease) in net assets resulting from operations | (5,013,186) | 31,016,795 | 226,918 | 19,875,454 |
Distributions to shareholders | ||||
Net investment income | ||||
Class A | — | — | (219,414) | (276,319) |
Advisor Class | — | — | (17,370) | (26,878) |
Class C | — | — | (95,170) | (21,994) |
Institutional Class | — | — | (336,429) | (555,415) |
Institutional 2 Class | — | — | (31,742) | (51,520) |
Institutional 3 Class | — | — | (20) | (2,414) |
Total distributions to shareholders | — | — | (700,145) | (934,540) |
Increase (decrease) in net assets from capital stock activity | (12,874,741) | (30,554,959) | 10,512,152 | 37,264,196 |
Total increase (decrease) in net assets | (17,887,927) | 461,836 | 10,038,925 | 56,205,110 |
Net assets at beginning of period | 106,222,235 | 105,760,399 | 102,557,423 | 46,352,313 |
Net assets at end of period | $88,334,308 | $106,222,235 | $112,596,348 | $102,557,423 |
Undistributed (excess of distributions over) net investment income | $(267,833) | $(572,645) | $73,445 | $(202,643) |
(a) | Institutional 3 Class shares are based on operations from March 1, 2017 (commencement of operations) through the stated period end. |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 89 |
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Columbia Acorn® Fund | Columbia Acorn International® | |||||||
Six Months Ended | Year Ended | Six Months Ended | Year Ended | |||||
June 30, 2018 (Unaudited) | December 31, 2017 | June 30, 2018 (Unaudited) | December 31, 2017 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 2,473,481 | 34,144,492 | 5,214,954 | 73,286,260 | 428,957 | 20,377,529 | 1,610,233 | 69,246,137 |
Distributions reinvested | 2,504,584 | 35,339,675 | 13,895,471 | 179,901,741 | 299,787 | 14,036,038 | 650,590 | 29,823,976 |
Redemptions | (6,889,440) | (93,523,081) | (24,594,980) | (349,452,663) | (1,496,933) | (70,913,815) | (7,526,663) | (320,009,215) |
Net decrease | (1,911,375) | (24,038,914) | (5,484,555) | (96,264,662) | (768,189) | (36,500,248) | (5,265,840) | (220,939,102) |
Advisor Class | ||||||||
Subscriptions | 891,009 | 14,928,324 | 1,188,440 | 20,475,315 | 229,098 | 10,984,063 | 507,657 | 22,001,991 |
Distributions reinvested | 96,676 | 1,709,227 | 404,423 | 6,463,098 | 60,129 | 2,846,525 | 149,964 | 6,941,523 |
Redemptions | (466,054) | (8,006,298) | (1,298,639) | (22,111,783) | (696,828) | (33,381,820) | (1,218,557) | (52,979,195) |
Net increase (decrease) | 521,631 | 8,631,253 | 294,224 | 4,826,630 | (407,601) | (19,551,232) | (560,936) | (24,035,681) |
Class B | ||||||||
Distributions reinvested | — | — | — | — | — | — | 48 | 2,052 |
Redemptions | — | — | — | — | — | — | (13,438) | (556,263) |
Net decrease | — | — | — | — | — | — | (13,390) | (554,211) |
Class C | ||||||||
Subscriptions | 684,050 | 4,715,351 | 1,151,804 | 9,081,597 | 44,646 | 2,029,375 | 90,241 | 3,793,139 |
Distributions reinvested | 2,550,866 | 17,728,517 | 14,018,509 | 94,772,247 | 47,150 | 2,105,242 | 83,543 | 3,674,876 |
Redemptions | (6,301,699) | (43,490,923) | (13,966,397) | (120,313,372) | (220,827) | (9,969,923) | (526,608) | (21,906,351) |
Net increase (decrease) | (3,066,783) | (21,047,055) | 1,203,916 | (16,459,528) | (129,031) | (5,835,306) | (352,824) | (14,438,336) |
Class I | ||||||||
Redemptions | — | — | (704,360) | (11,413,339) | — | — | (587,108) | (24,144,151) |
Net decrease | — | — | (704,360) | (11,413,339) | — | — | (587,108) | (24,144,151) |
Institutional Class | ||||||||
Subscriptions | 3,537,290 | 57,558,006 | 11,660,704 | 189,841,275 | 1,387,120 | 66,179,017 | 7,013,514 | 296,426,276 |
Distributions reinvested | 7,826,930 | 132,278,156 | 41,736,204 | 640,071,038 | 1,531,166 | 71,873,009 | 3,676,468 | 168,682,272 |
Redemptions | (17,450,140) | (283,879,793) | (55,995,598) | (919,152,154) | (10,183,774) | (485,430,861) | (32,696,730) | (1,462,774,955) |
Net decrease | (6,085,920) | (94,043,631) | (2,598,690) | (89,239,841) | (7,265,488) | (347,378,835) | (22,006,748) | (997,666,407) |
Institutional 2 Class | ||||||||
Subscriptions | 481,596 | 8,251,367 | 1,892,132 | 34,420,349 | 1,100,440 | 52,556,979 | 4,209,934 | 183,599,629 |
Distributions reinvested | 134,386 | 2,396,110 | 809,341 | 13,002,370 | 172,585 | 8,097,665 | 525,236 | 24,092,915 |
Redemptions | (2,069,733) | (35,810,125) | (1,361,035) | (23,541,410) | (3,127,347) | (150,356,713) | (3,251,747) | (145,206,557) |
Net increase (decrease) | (1,453,751) | (25,162,648) | 1,340,438 | 23,881,309 | (1,854,322) | (89,702,069) | 1,483,423 | 62,485,987 |
Institutional 3 Class | ||||||||
Subscriptions | 2,226,794 | 37,557,668 | 3,152,141 | 55,149,044 | 3,226,936 | 154,516,327 | 14,596,689 | 678,353,931 |
Distributions reinvested | 142,378 | 2,561,382 | 669,887 | 11,007,435 | 270,497 | 12,810,747 | 964,050 | 44,705,035 |
Redemptions | (1,582,769) | (27,755,374) | (5,871,346) | (102,670,389) | (10,368,645) | (499,598,247) | (6,419,328) | (294,475,318) |
Net increase (decrease) | 786,403 | 12,363,676 | (2,049,318) | (36,513,910) | (6,871,212) | (332,271,173) | 9,141,411 | 428,583,648 |
Class R | ||||||||
Subscriptions | — | — | — | — | 63,801 | 3,028,250 | 247,904 | 10,356,515 |
Distributions reinvested | — | — | — | — | 9,054 | 423,450 | 17,022 | 780,530 |
Redemptions | — | — | — | — | (70,826) | (3,367,308) | (103,693) | (4,534,926) |
Net increase | — | — | — | — | 2,029 | 84,392 | 161,233 | 6,602,119 |
Total net decrease | (11,209,795) | (143,297,319) | (7,998,345) | (221,183,341) | (17,293,814) | (831,154,471) | (18,000,779) | (784,106,134) |
90 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn USA® | Columbia Acorn International SelectSM | |||||||
Six Months Ended | Year Ended | Six Months Ended | Year Ended | |||||
June 30, 2018 (Unaudited) | December 31, 2017 | June 30, 2018 (Unaudited) | December 31, 2017 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 190,151 | 2,581,500 | 488,025 | 7,442,932 | 147,938 | 4,368,090 | 433,475 | 11,022,848 |
Distributions reinvested | 109,999 | 1,565,282 | 1,137,099 | 14,397,674 | — | — | 318 | 9,147 |
Redemptions | (492,626) | (6,539,973) | (3,181,282) | (49,739,118) | (117,915) | (3,435,196) | (466,338) | (11,345,132) |
Net increase (decrease) | (192,476) | (2,393,191) | (1,556,158) | (27,898,512) | 30,023 | 932,894 | (32,545) | (313,137) |
Advisor Class | ||||||||
Subscriptions | 120,618 | 2,096,703 | 591,993 | 11,469,434 | 4,888 | 147,605 | 22,202 | 594,789 |
Distributions reinvested | 27,439 | 506,255 | 255,091 | 4,118,796 | — | — | 156 | 4,554 |
Redemptions | (108,730) | (1,835,900) | (174,410) | (3,344,051) | (33,241) | (1,004,847) | (11,360) | (303,363) |
Net increase (decrease) | 39,327 | 767,058 | 672,674 | 12,244,179 | (28,353) | (857,242) | 10,998 | 295,980 |
Class C | ||||||||
Subscriptions | 42,634 | 298,861 | 99,275 | 974,077 | 23,799 | 663,360 | 27,511 | 676,101 |
Distributions reinvested | 73,371 | 535,611 | 703,494 | 4,761,201 | — | — | — | — |
Redemptions | (206,675) | (1,453,592) | (510,499) | (5,076,159) | (26,240) | (726,165) | (57,659) | (1,371,955) |
Net increase (decrease) | (90,670) | (619,120) | 292,270 | 659,119 | (2,441) | (62,805) | (30,148) | (695,854) |
Class I | ||||||||
Redemptions | — | — | (70) | (1,266) | — | — | (92) | (2,211) |
Net decrease | — | — | (70) | (1,266) | — | — | (92) | (2,211) |
Institutional Class | ||||||||
Subscriptions | 453,468 | 7,551,957 | 1,272,209 | 22,899,278 | 116,816 | 3,495,425 | 632,322 | 15,614,831 |
Distributions reinvested | 329,326 | 5,733,556 | 3,701,495 | 58,121,333 | — | — | 5,869 | 170,675 |
Redemptions | (1,150,376) | (18,567,552) | (21,166,533) | (389,628,621) | (643,118) | (19,128,066) | (992,393) | (25,627,432) |
Net decrease | (367,582) | (5,282,039) | (16,192,829) | (308,608,010) | (526,302) | (15,632,641) | (354,202) | (9,841,926) |
Institutional 2 Class | ||||||||
Subscriptions | 13,033 | 235,480 | 494,678 | 10,218,003 | 17,051 | 509,501 | 6,125 | 155,951 |
Distributions reinvested | 17,961 | 333,890 | 194,941 | 3,183,608 | — | — | 65 | 1,913 |
Redemptions | (452,742) | (8,459,675) | (828,227) | (15,512,332) | (2,052) | (61,867) | (5,576) | (139,156) |
Net increase (decrease) | (421,748) | (7,890,305) | (138,608) | (2,110,721) | 14,999 | 447,634 | 614 | 18,708 |
Institutional 3 Class | ||||||||
Subscriptions | 341,961 | 6,014,035 | 540,484 | 10,276,457 | 53,177 | 1,600,589 | 268,318 | 7,467,361 |
Distributions reinvested | 86,114 | 1,615,497 | 694,408 | 11,402,230 | — | — | 914 | 26,725 |
Redemptions | (279,518) | (4,907,980) | (340,563) | (6,628,481) | (24,738) | (744,229) | (21,261) | (553,405) |
Net increase | 148,557 | 2,721,552 | 894,329 | 15,050,206 | 28,439 | 856,360 | 247,971 | 6,940,681 |
Total net decrease | (884,592) | (12,696,045) | (16,028,392) | (310,665,005) | (483,635) | (14,315,800) | (157,404) | (3,597,759) |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 91 |
Table of Contents
Columbia Acorn SelectSM | Columbia Thermostat FundSM | |||||||
Six Months Ended | Year Ended | Six Months Ended | Year Ended | |||||
June 30, 2018 (Unaudited) | December 31, 2017 | June 30, 2018 (Unaudited) | December 31, 2017 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 328,954 | 4,899,025 | 831,684 | 11,552,003 | 551,921 | 8,040,248 | 1,609,689 | 23,841,063 |
Distributions reinvested | 480,856 | 7,183,998 | 859,784 | 11,678,407 | 203,298 | 2,951,887 | 840,860 | 12,338,875 |
Redemptions | (726,382) | (10,719,638) | (3,504,699) | (48,437,824) | (2,901,754) | (42,306,099) | (12,154,415) | (179,914,818) |
Net increase (decrease) | 83,428 | 1,363,385 | (1,813,231) | (25,207,414) | (2,146,535) | (31,313,964) | (9,703,866) | (143,734,880) |
Advisor Class | ||||||||
Subscriptions | 54,534 | 947,948 | 297,546 | 4,898,165 | 102,547 | 1,481,257 | 565,162 | 8,354,290 |
Distributions reinvested | 21,493 | 381,928 | 16,388 | 268,631 | 13,850 | 199,441 | 54,380 | 790,505 |
Redemptions | (71,752) | (1,248,306) | (45,047) | (730,797) | (260,873) | (3,771,932) | (582,985) | (8,576,681) |
Net increase (decrease) | 4,275 | 81,570 | 268,887 | 4,435,999 | (144,476) | (2,091,234) | 36,557 | 568,114 |
Class C | ||||||||
Subscriptions | 21,566 | 207,931 | 86,931 | 825,976 | 282,972 | 4,146,396 | 1,107,876 | 16,440,929 |
Distributions reinvested | 241,896 | 2,288,336 | 428,882 | 3,895,445 | 167,551 | 2,441,219 | 536,248 | 7,916,684 |
Redemptions | (406,308) | (3,885,401) | (1,148,372) | (11,025,586) | (3,299,845) | (48,358,753) | (7,807,143) | (116,029,441) |
Net decrease | (142,846) | (1,389,134) | (632,559) | (6,304,165) | (2,849,322) | (41,771,138) | (6,163,019) | (91,671,828) |
Class I | ||||||||
Redemptions | — | — | (738,244) | (11,402,065) | — | — | — | — |
Net decrease | — | — | (738,244) | (11,402,065) | — | — | — | — |
Institutional Class | ||||||||
Subscriptions | 226,577 | 3,802,714 | 1,381,191 | 21,252,498 | 1,994,905 | 28,686,020 | 8,573,428 | 125,070,056 |
Distributions reinvested | 613,385 | 10,464,345 | 1,040,184 | 15,939,038 | 203,861 | 2,919,298 | 844,055 | 12,217,159 |
Redemptions | (856,729) | (14,398,152) | (2,758,485) | (43,032,113) | (4,198,974) | (60,399,722) | (10,927,093) | (160,162,349) |
Net decrease | (16,767) | (131,093) | (337,110) | (5,840,577) | (2,000,208) | (28,794,404) | (1,509,610) | (22,875,134) |
Institutional 2 Class | ||||||||
Subscriptions | 27,342 | 475,841 | 61,419 | 987,353 | 291,979 | 4,227,897 | 385,136 | 5,673,263 |
Distributions reinvested | 7,773 | 138,903 | 8,423 | 135,545 | 14,986 | 216,098 | 45,470 | 661,715 |
Redemptions | (14,360) | (250,211) | (37,575) | (614,799) | (147,770) | (2,139,265) | (333,143) | (4,893,764) |
Net increase | 20,755 | 364,533 | 32,267 | 508,099 | 159,195 | 2,304,730 | 97,463 | 1,441,214 |
Institutional 3 Class | ||||||||
Subscriptions | 959,459 | 16,600,425 | 1,808,898 | 29,600,372 | 1,203 | 17,379 | 36,425 | 537,605 |
Distributions reinvested | 66,196 | 1,194,173 | 161,019 | 2,568,039 | 471 | 6,781 | 1,683 | 24,446 |
Redemptions | (873,995) | (16,092,320) | (1,396,136) | (22,818,306) | (5,571) | (80,538) | (29,767) | (442,011) |
Net increase (decrease) | 151,660 | 1,702,278 | 573,781 | 9,350,105 | (3,897) | (56,378) | 8,341 | 120,040 |
Total net increase (decrease) | 100,505 | 1,991,539 | (2,646,209) | (34,460,018) | (6,985,243) | (101,722,388) | (17,234,134) | (256,152,474) |
92 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
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Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||||||
Six Months Ended | Year Ended | Six Months Ended | Year Ended | |||||
June 30, 2018 (Unaudited) | December 31, 2017 | June 30, 2018 (Unaudited) | December 31, 2017 (a) | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 186,773 | 2,507,757 | 441,162 | 5,127,794 | 530,172 | 10,519,924 | 1,140,391 | 20,187,059 |
Distributions reinvested | — | — | — | — | 10,793 | 219,313 | 14,776 | 276,319 |
Redemptions | (421,434) | (5,659,354) | (2,868,148) | (31,102,071) | (388,165) | (7,643,584) | (1,330,219) | (21,179,443) |
Net increase (decrease) | (234,661) | (3,151,597) | (2,426,986) | (25,974,277) | 152,800 | 3,095,653 | (175,052) | (716,065) |
Advisor Class | ||||||||
Subscriptions | 9,323 | 127,673 | 47,248 | 568,561 | 160,438 | 3,176,212 | 126,977 | 2,378,990 |
Distributions reinvested | — | — | — | — | 849 | 17,351 | 1,412 | 26,840 |
Redemptions | (21,184) | (289,426) | (78,974) | (905,107) | (166,370) | (3,335,733) | (1,986) | (33,180) |
Net increase (decrease) | (11,861) | (161,753) | (31,726) | (336,546) | (5,083) | (142,170) | 126,403 | 2,372,650 |
Class C | ||||||||
Subscriptions | 35,023 | 462,458 | 86,043 | 990,408 | 162,523 | 3,193,335 | 337,990 | 5,828,257 |
Distributions reinvested | — | — | — | — | 4,735 | 95,138 | 1,230 | 21,994 |
Redemptions | (139,868) | (1,839,688) | (483,515) | (5,492,520) | (94,207) | (1,856,939) | (117,103) | (1,947,925) |
Net increase (decrease) | (104,845) | (1,377,230) | (397,472) | (4,502,112) | 73,051 | 1,431,534 | 222,117 | 3,902,326 |
Class I | ||||||||
Redemptions | — | — | (205) | (2,252) | — | — | (173) | (2,700) |
Net decrease | — | — | (205) | (2,252) | — | — | (173) | (2,700) |
Institutional Class | ||||||||
Subscriptions | 172,605 | 2,353,262 | 2,164,060 | 23,600,425 | 825,009 | 16,369,846 | 2,162,206 | 36,835,519 |
Distributions reinvested | — | — | — | — | 16,480 | 335,198 | 29,529 | 554,395 |
Redemptions | (768,040) | (10,345,447) | (2,100,848) | (24,137,744) | (593,733) | (11,632,543) | (454,340) | (7,965,911) |
Net increase (decrease) | (595,435) | (7,992,185) | 63,212 | (537,319) | 247,756 | 5,072,501 | 1,737,395 | 29,424,003 |
Institutional 2 Class | ||||||||
Subscriptions | 4,448 | 60,818 | 34,601 | 400,968 | 132,200 | 2,679,765 | 283,318 | 5,035,710 |
Distributions reinvested | — | — | — | — | 1,543 | 31,723 | 2,733 | 51,481 |
Redemptions | (22,381) | (296,701) | (38,991) | (455,733) | (71,217) | (1,441,414) | (169,753) | (2,999,705) |
Net increase (decrease) | (17,933) | (235,883) | (4,390) | (54,765) | 62,526 | 1,270,074 | 116,298 | 2,087,486 |
Institutional 3 Class | ||||||||
Subscriptions | 11,793 | 158,477 | 72,757 | 905,959 | 39 | 764 | 11,313 | 202,597 |
Distributions reinvested | — | — | — | — | — | — | 126 | 2,367 |
Redemptions | (8,629) | (114,570) | (4,221) | (53,647) | (10,843) | (216,204) | (469) | (8,468) |
Net increase (decrease) | 3,164 | 43,907 | 68,536 | 852,312 | (10,804) | (215,440) | 10,970 | 196,496 |
Total net increase (decrease) | (961,571) | (12,874,741) | (2,729,031) | (30,554,959) | 520,246 | 10,512,152 | 2,037,958 | 37,264,196 |
(a) | Institutional 3 Class shares are based on operations from March 1, 2017 (commencement of operations) through the stated period end. |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 93 |
Table of Contents
Columbia Acorn® Fund
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 | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $12.92 | (0.00) (b) | 1.34 | 1.34 | — | (0.65) | (0.65) |
Year Ended 12/31/2017 | $13.35 | (0.02) | 3.23 | 3.21 | — | (3.64) | (3.64) |
Year Ended 12/31/2016 | $17.63 | (0.03) | 1.73 | 1.70 | — | (5.98) | (5.98) |
Year Ended 12/31/2015 | $30.30 | (0.12) | (0.27) (g) | (0.39) | — | (12.28) | (12.28) |
Year Ended 12/31/2014 | $35.78 | (0.08) | 0.21 | 0.13 | — | (5.61) | (5.61) |
Year Ended 12/31/2013 | $29.36 | (0.06) | 8.84 | 8.78 | (0.04) | (2.32) | (2.36) |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $16.06 | 0.02 | 1.67 | 1.69 | — | (0.69) | (0.69) |
Year Ended 12/31/2017 | $15.83 | 0.02 | 3.85 | 3.87 | — | (3.64) | (3.64) |
Year Ended 12/31/2016 | $19.84 | 0.00 | 1.97 | 1.97 | — | (5.98) | (5.98) |
Year Ended 12/31/2015 | $32.51 | (0.07) | (0.32) (g) | (0.39) | — | (12.28) | (12.28) |
Year Ended 12/31/2014 | $37.88 | 0.02 | 0.22 | 0.24 | — | (5.61) | (5.61) |
Year Ended 12/31/2013 | $30.90 | 0.06 | 9.29 | 9.35 | (0.05) | (2.32) | (2.37) |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $6.58 | (0.03) | 0.70 | 0.67 | — | (0.55) | (0.55) |
Year Ended 12/31/2017 | $8.34 | (0.08) | 1.96 | 1.88 | — | (3.64) | (3.64) |
Year Ended 12/31/2016 | $13.16 | (0.11) | 1.27 | 1.16 | — | (5.98) | (5.98) |
Year Ended 12/31/2015 | $25.92 | (0.27) | (0.21) (g) | (0.48) | — | (12.28) | (12.28) |
Year Ended 12/31/2014 | $31.64 | (0.28) | 0.17 | (0.11) | — | (5.61) | (5.61) |
Year Ended 12/31/2013 | $26.34 | (0.26) | 7.88 | 7.62 | — | (2.32) | (2.32) |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $15.39 | 0.02 | 1.59 | 1.61 | — | (0.69) | (0.69) |
Year Ended 12/31/2017 | $15.29 | 0.02 | 3.72 | 3.74 | — | (3.64) | (3.64) |
Year Ended 12/31/2016 | $19.34 | 0.01 | 1.92 | 1.93 | — | (5.98) | (5.98) |
Year Ended 12/31/2015 | $31.95 | (0.04) | (0.29) (g) | (0.33) | — | (12.28) | (12.28) |
Year Ended 12/31/2014 | $37.32 | 0.02 | 0.22 | 0.24 | — | (5.61) | (5.61) |
Year Ended 12/31/2013 | $30.45 | 0.04 | 9.19 | 9.23 | (0.04) | (2.32) | (2.36) |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $16.20 | 0.02 | 1.68 | 1.70 | — | (0.69) | (0.69) |
Year Ended 12/31/2017 | $15.94 | 0.02 | 3.88 | 3.90 | — | (3.64) | (3.64) |
Year Ended 12/31/2016 | $19.92 | 0.01 | 1.99 | 2.00 | — | (5.98) | (5.98) |
Year Ended 12/31/2015 | $32.55 | (0.04) | (0.31) (g) | (0.35) | — | (12.28) | (12.28) |
Year Ended 12/31/2014 | $37.89 | 0.04 | 0.23 | 0.27 | — | (5.61) | (5.61) |
Year Ended 12/31/2013 | $30.88 | 0.07 | 9.30 | 9.37 | (0.04) | (2.32) | (2.36) |
94 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn® Fund
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) | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $13.61 | 10.21% (c) | 1.10% (d) | 1.08% (d),(e) | (0.06%) (d) | 27% | $848,905 |
Year Ended 12/31/2017 | $12.92 | 24.91% | 1.09% | 1.08% (e) | (0.13%) | 72% | $830,454 |
Year Ended 12/31/2016 | $13.35 | 10.06% | 1.10% (f) | 1.10% (f) | (0.21%) | 85% | $931,460 |
Year Ended 12/31/2015 | $17.63 | (1.87%) | 1.08% | 1.08% | (0.39%) | 21% | $1,388,893 |
Year Ended 12/31/2014 | $30.30 | 0.55% | 1.08% | 1.08% | (0.22%) | 17% | $2,694,610 |
Year Ended 12/31/2013 | $35.78 | 30.53% | 1.07% | 1.07% | (0.17%) | 18% | $3,869,734 |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $17.06 | 10.38% (c) | 0.85% (d) | 0.83% (d),(e) | 0.19% (d) | 27% | $49,883 |
Year Ended 12/31/2017 | $16.06 | 25.19% | 0.84% | 0.83% (e) | 0.12% | 72% | $38,588 |
Year Ended 12/31/2016 | $15.83 | 10.32% | 0.89% (f) | 0.89% (f) | 0.00% (b) | 85% | $33,378 |
Year Ended 12/31/2015 | $19.84 | (1.75%) | 0.89% | 0.89% | (0.23%) | 21% | $50,335 |
Year Ended 12/31/2014 | $32.51 | 0.81% | 0.84% | 0.84% | 0.05% | 17% | $250,457 |
Year Ended 12/31/2013 | $37.88 | 30.85% | 0.80% | 0.80% | 0.16% | 18% | $74,188 |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $6.70 | 9.81% (c) | 1.85% (d) | 1.83% (d),(e) | (0.81%) (d) | 27% | $230,376 |
Year Ended 12/31/2017 | $6.58 | 23.88% | 1.84% | 1.83% (e) | (0.88%) | 72% | $246,450 |
Year Ended 12/31/2016 | $8.34 | 9.29% | 1.84% (f) | 1.84% (f) | (0.95%) | 85% | $302,119 |
Year Ended 12/31/2015 | $13.16 | (2.57%) | 1.80% | 1.80% | (1.11%) | 21% | $456,348 |
Year Ended 12/31/2014 | $25.92 | (0.16%) | 1.77% | 1.77% | (0.92%) | 17% | $776,370 |
Year Ended 12/31/2013 | $31.64 | 29.58% | 1.78% | 1.78% | (0.88%) | 18% | $938,644 |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $16.31 | 10.31% (c) | 0.85% (d) | 0.83% (d),(e) | 0.19% (d) | 27% | $3,513,311 |
Year Ended 12/31/2017 | $15.39 | 25.24% | 0.84% | 0.83% (e) | 0.12% | 72% | $3,407,214 |
Year Ended 12/31/2016 | $15.29 | 10.39% | 0.82% (f) | 0.82% (f) | 0.07% | 85% | $3,425,935 |
Year Ended 12/31/2015 | $19.34 | (1.57%) | 0.80% | 0.80% | (0.11%) | 21% | $5,062,313 |
Year Ended 12/31/2014 | $31.95 | 0.82% | 0.79% | 0.79% | 0.07% | 17% | $11,340,770 |
Year Ended 12/31/2013 | $37.32 | 30.90% | 0.78% | 0.78% | 0.12% | 18% | $14,703,948 |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $17.21 | 10.37% (c) | 0.81% (d) | 0.81% (d) | 0.20% (d) | 27% | $47,151 |
Year Ended 12/31/2017 | $16.20 | 25.21% | 0.82% | 0.81% | 0.14% | 72% | $67,932 |
Year Ended 12/31/2016 | $15.94 | 10.43% | 0.81% (f) | 0.81% (f) | 0.08% | 85% | $45,475 |
Year Ended 12/31/2015 | $19.92 | (1.60%) | 0.77% | 0.77% | (0.11%) | 21% | $76,412 |
Year Ended 12/31/2014 | $32.55 | 0.89% | 0.76% | 0.76% | 0.10% | 17% | $458,223 |
Year Ended 12/31/2013 | $37.89 | 30.94% | 0.75% | 0.75% | 0.20% | 18% | $496,906 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 95 |
Table of Contents
Columbia Acorn® Fund
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 | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $16.34 | 0.02 | 1.70 | 1.72 | — | (0.70) | (0.70) |
Year Ended 12/31/2017 | $16.04 | 0.03 | 3.91 | 3.94 | — | (3.64) | (3.64) |
Year Ended 12/31/2016 | $20.00 | 0.02 | 2.00 | 2.02 | — | (5.98) | (5.98) |
Year Ended 12/31/2015 | $32.61 | (0.02) | (0.31) (g) | (0.33) | — | (12.28) | (12.28) |
Year Ended 12/31/2014 | $37.93 | 0.05 | 0.24 | 0.29 | — | (5.61) | (5.61) |
Year Ended 12/31/2013 | $30.90 | 0.09 | 9.31 | 9.40 | (0.05) | (2.32) | (2.37) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Rounds to zero. |
(c) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(d) | Annualized. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | Ratios include line of credit interest expense which is less than 0.01%. |
(g) | 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. |
96 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn® Fund
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) | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $17.36 | 10.38% (c) | 0.76% (d) | 0.76% (d) | 0.27% (d) | 27% | $64,169 |
Year Ended 12/31/2017 | $16.34 | 25.31% | 0.76% | 0.76% | 0.19% | 72% | $47,536 |
Year Ended 12/31/2016 | $16.04 | 10.50% | 0.76% (f) | 0.76% (f) | 0.12% | 85% | $79,518 |
Year Ended 12/31/2015 | $20.00 | (1.54%) | 0.73% | 0.73% | (0.06%) | 21% | $130,546 |
Year Ended 12/31/2014 | $32.61 | 0.94% | 0.70% | 0.70% | 0.13% | 17% | $378,780 |
Year Ended 12/31/2013 | $37.93 | 30.99% | 0.70% | 0.70% | 0.26% | 18% | $1,227,891 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 97 |
Table of Contents
Columbia Acorn International®
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 | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $46.51 | 0.24 | (0.20) (b) | 0.04 | (0.24) | (1.38) | (1.62) |
Year Ended 12/31/2017 | $37.71 | 0.25 | 11.71 | 11.96 | (0.67) | (2.49) | (3.16) |
Year Ended 12/31/2016 | $39.08 | 0.35 | (1.31) | (0.96) | (0.15) | (0.26) | (0.41) |
Year Ended 12/31/2015 | $41.68 | 0.39 | (1.02) | (0.63) | (0.40) | (1.57) | (1.97) |
Year Ended 12/31/2014 | $46.63 | 0.42 | (2.51) | (2.09) | (0.55) | (2.31) | (2.86) |
Year Ended 12/31/2013 | $40.79 | 0.45 | 8.37 | 8.82 | (1.05) | (1.93) | (2.98) |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $46.95 | 0.30 | (0.20) (b) | 0.10 | (0.24) | (1.38) | (1.62) |
Year Ended 12/31/2017 | $38.03 | 0.36 | 11.82 | 12.18 | (0.77) | (2.49) | (3.26) |
Year Ended 12/31/2016 | $39.41 | 0.48 | (1.38) | (0.90) | (0.22) | (0.26) | (0.48) |
Year Ended 12/31/2015 | $42.02 | 0.47 | (1.03) | (0.56) | (0.48) | (1.57) | (2.05) |
Year Ended 12/31/2014 | $46.99 | 0.50 | (2.52) | (2.02) | (0.64) | (2.31) | (2.95) |
Year Ended 12/31/2013 | $41.08 | 0.34 | 8.67 | 9.01 | (1.17) | (1.93) | (3.10) |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $44.57 | 0.06 | (0.18) (b) | (0.12) | (0.24) | (1.38) | (1.62) |
Year Ended 12/31/2017 | $36.18 | (0.06) | 11.20 | 11.14 | (0.26) | (2.49) | (2.75) |
Year Ended 12/31/2016 | $37.65 | 0.05 | (1.26) | (1.21) | — | (0.26) | (0.26) |
Year Ended 12/31/2015 | $40.20 | 0.07 | (0.97) | (0.90) | (0.08) | (1.57) | (1.65) |
Year Ended 12/31/2014 | $45.04 | 0.07 | (2.40) | (2.33) | (0.20) | (2.31) | (2.51) |
Year Ended 12/31/2013 | $39.50 | 0.10 | 8.08 | 8.18 | (0.71) | (1.93) | (2.64) |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $46.57 | 0.30 | (0.20) (b) | 0.10 | (0.24) | (1.38) | (1.62) |
Year Ended 12/31/2017 | $37.74 | 0.37 | 11.73 | 12.10 | (0.78) | (2.49) | (3.27) |
Year Ended 12/31/2016 | $39.12 | 0.44 | (1.32) | (0.88) | (0.24) | (0.26) | (0.50) |
Year Ended 12/31/2015 | $41.73 | 0.51 | (1.03) | (0.52) | (0.52) | (1.57) | (2.09) |
Year Ended 12/31/2014 | $46.68 | 0.56 | (2.51) | (1.95) | (0.69) | (2.31) | (3.00) |
Year Ended 12/31/2013 | $40.84 | 0.58 | 8.38 | 8.96 | (1.19) | (1.93) | (3.12) |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $46.54 | 0.30 | (0.18) (b) | 0.12 | (0.24) | (1.38) | (1.62) |
Year Ended 12/31/2017 | $37.72 | 0.38 | 11.72 | 12.10 | (0.79) | (2.49) | (3.28) |
Year Ended 12/31/2016 | $39.10 | 0.44 | (1.30) | (0.86) | (0.26) | (0.26) | (0.52) |
Year Ended 12/31/2015 | $41.71 | 0.54 | (1.05) | (0.51) | (0.53) | (1.57) | (2.10) |
Year Ended 12/31/2014 | $46.66 | 0.57 | (2.51) | (1.94) | (0.70) | (2.31) | (3.01) |
Year Ended 12/31/2013 | $40.81 | 0.63 | 8.34 | 8.97 | (1.19) | (1.93) | (3.12) |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $46.95 | 0.34 | (0.21) (b) | 0.13 | (0.24) | (1.38) | (1.62) |
Year Ended 12/31/2017 | $38.02 | 0.40 | 11.83 | 12.23 | (0.81) | (2.49) | (3.30) |
Year Ended 12/31/2016 | $39.41 | 0.47 | (1.32) | (0.85) | (0.28) | (0.26) | (0.54) |
Year Ended 12/31/2015 | $42.02 | 0.53 | (1.01) | (0.48) | (0.56) | (1.57) | (2.13) |
Year Ended 12/31/2014 | $46.99 | 0.58 | (2.52) | (1.94) | (0.72) | (2.31) | (3.03) |
Year Ended 12/31/2013 | $41.08 | 0.57 | 8.48 | 9.05 | (1.21) | (1.93) | (3.14) |
98 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn International®
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) | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $44.93 | (0.06%) (c) | 1.25% (d) | 1.24% (d),(e) | 1.00% (d) | 14% | $415,541 |
Year Ended 12/31/2017 | $46.51 | 31.91% (c) | 1.23% | 1.20% (e) | 0.56% | 37% | $465,830 |
Year Ended 12/31/2016 | $37.71 | (2.51%) (c) | 1.27% | 1.23% | 0.90% | 46% | $576,235 |
Year Ended 12/31/2015 | $39.08 | (1.59%) (c) | 1.28% | 1.24% | 0.93% | 50% | $812,479 |
Year Ended 12/31/2014 | $41.68 | (4.58%) (c) | 1.26% | 1.22% | 0.91% | 28% | $946,553 |
Year Ended 12/31/2013 | $46.63 | 22.00% (c) | 1.27% | 1.23% | 1.02% | 45% | $1,089,263 |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $45.43 | 0.07% (c) | 1.00% (d) | 0.99% (d),(e) | 1.26% (d) | 14% | $77,844 |
Year Ended 12/31/2017 | $46.95 | 32.21% | 0.98% | 0.98% (e) | 0.81% | 37% | $99,578 |
Year Ended 12/31/2016 | $38.03 | (2.32%) | 1.05% | 1.05% | 1.22% | 46% | $101,988 |
Year Ended 12/31/2015 | $39.41 | (1.41%) | 1.06% | 1.06% | 1.10% | 50% | $486,763 |
Year Ended 12/31/2014 | $42.02 | (4.39%) | 1.04% | 1.04% | 1.07% | 28% | $424,425 |
Year Ended 12/31/2013 | $46.99 | 22.32% | 1.03% | 1.03% | 0.73% | 45% | $355,616 |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $42.83 | (0.42%) (c) | 2.00% (d) | 1.99% (d),(e) | 0.26% (d) | 14% | $55,771 |
Year Ended 12/31/2017 | $44.57 | 30.93% (c) | 1.98% | 1.97% (e) | (0.15%) | 37% | $63,787 |
Year Ended 12/31/2016 | $36.18 | (3.26%) (c) | 2.01% | 1.99% | 0.13% | 46% | $64,548 |
Year Ended 12/31/2015 | $37.65 | (2.33%) (c) | 2.01% | 1.99% | 0.18% | 50% | $88,606 |
Year Ended 12/31/2014 | $40.20 | (5.27%) (c) | 1.99% | 1.97% | 0.16% | 28% | $103,691 |
Year Ended 12/31/2013 | $45.04 | 21.07% (c) | 2.01% | 1.99% | 0.23% | 45% | $110,875 |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $45.05 | 0.07% (c) | 1.00% (d) | 0.99% (d),(e) | 1.24% (d) | 14% | $2,687,590 |
Year Ended 12/31/2017 | $46.57 | 32.24% | 0.98% | 0.98% (e) | 0.85% | 37% | $3,116,383 |
Year Ended 12/31/2016 | $37.74 | (2.28%) | 0.98% | 0.98% | 1.13% | 46% | $3,356,348 |
Year Ended 12/31/2015 | $39.12 | (1.33%) | 0.97% | 0.97% | 1.21% | 50% | $4,645,797 |
Year Ended 12/31/2014 | $41.73 | (4.28%) | 0.93% | 0.93% | 1.20% | 28% | $5,585,035 |
Year Ended 12/31/2013 | $46.68 | 22.33% | 0.93% | 0.93% | 1.30% | 45% | $6,293,552 |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $45.04 | 0.11% (c) | 0.93% (d) | 0.93% (d) | 1.25% (d) | 14% | $325,738 |
Year Ended 12/31/2017 | $46.54 | 32.27% | 0.93% | 0.93% | 0.87% | 37% | $422,916 |
Year Ended 12/31/2016 | $37.72 | (2.23%) | 0.93% | 0.93% | 1.15% | 46% | $286,786 |
Year Ended 12/31/2015 | $39.10 | (1.29%) | 0.92% | 0.92% | 1.26% | 50% | $320,252 |
Year Ended 12/31/2014 | $41.71 | (4.25%) | 0.90% | 0.90% | 1.23% | 28% | $397,882 |
Year Ended 12/31/2013 | $46.66 | 22.38% | 0.91% | 0.91% | 1.40% | 45% | $274,415 |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $45.46 | 0.13% (c) | 0.88% (d) | 0.87% (d) | 1.43% (d) | 14% | $389,854 |
Year Ended 12/31/2017 | $46.95 | 32.36% | 0.88% | 0.88% | 0.89% | 37% | $725,247 |
Year Ended 12/31/2016 | $38.02 | (2.19%) | 0.88% | 0.88% | 1.20% | 46% | $239,733 |
Year Ended 12/31/2015 | $39.41 | (1.23%) | 0.88% | 0.88% | 1.26% | 50% | $318,326 |
Year Ended 12/31/2014 | $42.02 | (4.21%) | 0.85% | 0.85% | 1.25% | 28% | $225,012 |
Year Ended 12/31/2013 | $46.99 | 22.44% | 0.86% | 0.86% | 1.26% | 45% | $155,140 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 99 |
Table of Contents
Columbia Acorn International®
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 | Total distributions to shareholders | |
Class R | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $46.51 | 0.18 | (0.19) (b) | (0.01) | (0.24) | (1.38) | (1.62) |
Year Ended 12/31/2017 | $37.71 | 0.21 | 11.63 | 11.84 | (0.55) | (2.49) | (3.04) |
Year Ended 12/31/2016 | $39.07 | 0.21 | (1.30) | (1.09) | (0.01) | (0.26) | (0.27) |
Year Ended 12/31/2015 | $41.67 | 0.23 | (1.02) | (0.79) | (0.24) | (1.57) | (1.81) |
Year Ended 12/31/2014 | $46.60 | 0.24 | (2.50) | (2.26) | (0.36) | (2.31) | (2.67) |
Year Ended 12/31/2013 | $40.79 | 0.26 | 8.36 | 8.62 | (0.88) | (1.93) | (2.81) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statements of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(c) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(d) | Annualized. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
100 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn International®
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) | |
Class R | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $44.88 | (0.17%) (c) | 1.50% (d) | 1.49% (d),(e) | 0.77% (d) | 14% | $12,845 |
Year Ended 12/31/2017 | $46.51 | 31.58% | 1.49% | 1.48% (e) | 0.46% | 37% | $13,218 |
Year Ended 12/31/2016 | $37.71 | (2.82%) | 1.55% | 1.55% | 0.55% | 46% | $4,637 |
Year Ended 12/31/2015 | $39.07 | (1.98%) | 1.62% | 1.62% | 0.54% | 50% | $4,945 |
Year Ended 12/31/2014 | $41.67 | (4.95%) | 1.63% | 1.63% | 0.52% | 28% | $5,560 |
Year Ended 12/31/2013 | $46.60 | 21.50% | 1.63% | 1.63% | 0.58% | 45% | $5,822 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 101 |
Table of Contents
Columbia Acorn USA®
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 | Total distributions to shareholders | |
Class A | ||||||
Six Months Ended 6/30/2018 (Unaudited) | $12.48 | (0.03) | 1.94 | 1.91 | (0.47) | (0.47) |
Year Ended 12/31/2017 | $14.95 | (0.09) | 2.84 | 2.75 | (5.22) | (5.22) |
Year Ended 12/31/2016 | $20.25 | (0.11) | 2.43 | 2.32 | (7.62) | (7.62) |
Year Ended 12/31/2015 | $29.13 | (0.18) | (0.18) (e) | (0.36) | (8.52) | (8.52) |
Year Ended 12/31/2014 | $34.15 | (0.20) | 1.22 | 1.02 | (6.04) | (6.04) |
Year Ended 12/31/2013 | $28.21 | (0.15) | 9.09 | 8.94 | (3.00) | (3.00) |
Advisor Class | ||||||
Six Months Ended 6/30/2018 (Unaudited) | $16.08 | (0.02) | 2.51 | 2.49 | (0.51) | (0.51) |
Year Ended 12/31/2017 | $17.93 | (0.06) | 3.43 | 3.37 | (5.22) | (5.22) |
Year Ended 12/31/2016 | $22.85 | (0.07) | 2.77 | 2.70 | (7.62) | (7.62) |
Year Ended 12/31/2015 | $31.70 | (0.13) | (0.20) (e) | (0.33) | (8.52) | (8.52) |
Year Ended 12/31/2014 | $36.55 | (0.11) | 1.30 | 1.19 | (6.04) | (6.04) |
Year Ended 12/31/2013 | $29.92 | 0.00 (f) | 9.63 | 9.63 | (3.00) | (3.00) |
Class C | ||||||
Six Months Ended 6/30/2018 (Unaudited) | $6.56 | (0.04) | 1.02 | 0.98 | (0.40) | (0.40) |
Year Ended 12/31/2017 | $10.05 | (0.13) | 1.86 | 1.73 | (5.22) | (5.22) |
Year Ended 12/31/2016 | $16.00 | (0.18) | 1.85 | 1.67 | (7.62) | (7.62) |
Year Ended 12/31/2015 | $24.98 | (0.33) | (0.13) (e) | (0.46) | (8.52) | (8.52) |
Year Ended 12/31/2014 | $30.33 | (0.37) | 1.06 | 0.69 | (6.04) | (6.04) |
Year Ended 12/31/2013 | $25.49 | (0.33) | 8.17 | 7.84 | (3.00) | (3.00) |
Institutional Class | ||||||
Six Months Ended 6/30/2018 (Unaudited) | $15.21 | (0.02) | 2.37 | 2.35 | (0.52) | (0.52) |
Year Ended 12/31/2017 | $17.20 | (0.05) | 3.28 | 3.23 | (5.22) | (5.22) |
Year Ended 12/31/2016 | $22.19 | (0.07) | 2.70 | 2.63 | (7.62) | (7.62) |
Year Ended 12/31/2015 | $31.03 | (0.12) | (0.20) (e) | (0.32) | (8.52) | (8.52) |
Year Ended 12/31/2014 | $35.90 | (0.12) | 1.29 | 1.17 | (6.04) | (6.04) |
Year Ended 12/31/2013 | $29.45 | (0.07) | 9.52 | 9.45 | (3.00) | (3.00) |
Institutional 2 Class | ||||||
Six Months Ended 6/30/2018 (Unaudited) | $16.21 | (0.01) | 2.52 | 2.51 | (0.53) | (0.53) |
Year Ended 12/31/2017 | $18.02 | (0.03) | 3.44 | 3.41 | (5.22) | (5.22) |
Year Ended 12/31/2016 | $22.90 | (0.06) | 2.80 | 2.74 | (7.62) | (7.62) |
Year Ended 12/31/2015 | $31.71 | (0.10) | (0.19) (e) | (0.29) | (8.52) | (8.52) |
Year Ended 12/31/2014 | $36.53 | (0.06) | 1.28 | 1.22 | (6.04) | (6.04) |
Year Ended 12/31/2013 | $29.90 | 0.02 | 9.61 | 9.63 | (3.00) | (3.00) |
102 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn USA®
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) | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $13.92 | 15.24% (b) | 1.44% (c) | 1.43% (c),(d) | (0.45%) (c) | 35% | $50,823 |
Year Ended 12/31/2017 | $12.48 | 19.14% (b) | 1.44% | 1.43% (d) | (0.55%) | 84% | $47,960 |
Year Ended 12/31/2016 | $14.95 | 12.70% | 1.41% | 1.41% | (0.58%) | 98% | $80,721 |
Year Ended 12/31/2015 | $20.25 | (1.60%) | 1.34% | 1.34% | (0.63%) | 35% | $95,048 |
Year Ended 12/31/2014 | $29.13 | 3.35% | 1.33% | 1.33% | (0.60%) | 12% | $148,089 |
Year Ended 12/31/2013 | $34.15 | 32.34% | 1.32% | 1.32% | (0.46%) | 17% | $201,559 |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $18.06 | 15.43% (b) | 1.19% (c) | 1.18% (c),(d) | (0.20%) (c) | 35% | $19,073 |
Year Ended 12/31/2017 | $16.08 | 19.42% (b) | 1.21% | 1.20% (d) | (0.31%) | 84% | $16,355 |
Year Ended 12/31/2016 | $17.93 | 12.93% | 1.18% | 1.18% | (0.35%) | 98% | $6,172 |
Year Ended 12/31/2015 | $22.85 | (1.36%) | 1.12% | 1.12% | (0.40%) | 35% | $8,224 |
Year Ended 12/31/2014 | $31.70 | 3.60% | 1.07% | 1.07% | (0.32%) | 12% | $7,952 |
Year Ended 12/31/2013 | $36.55 | 32.80% | 1.00% | 1.00% | 0.01% | 17% | $6,441 |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $7.14 | 14.78% (b) | 2.19% (c) | 2.18% (c),(d) | (1.21%) (c) | 35% | $10,026 |
Year Ended 12/31/2017 | $6.56 | 18.30% (b) | 2.19% | 2.19% (d) | (1.31%) | 84% | $9,802 |
Year Ended 12/31/2016 | $10.05 | 11.92% | 2.13% | 2.13% | (1.31%) | 98% | $12,088 |
Year Ended 12/31/2015 | $16.00 | (2.28%) | 2.02% | 2.02% | (1.32%) | 35% | $17,255 |
Year Ended 12/31/2014 | $24.98 | 2.67% | 2.00% | 2.00% | (1.26%) | 12% | $36,476 |
Year Ended 12/31/2013 | $30.33 | 31.47% | 2.00% | 2.00% | (1.14%) | 17% | $40,395 |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $17.04 | 15.37% (b) | 1.19% (c) | 1.18% (c),(d) | (0.20%) (c) | 35% | $205,984 |
Year Ended 12/31/2017 | $15.21 | 19.44% (b) | 1.16% | 1.16% (d) | (0.27%) | 84% | $189,408 |
Year Ended 12/31/2016 | $17.20 | 13.00% | 1.16% | 1.16% | (0.34%) | 98% | $492,739 |
Year Ended 12/31/2015 | $22.19 | (1.36%) | 1.10% | 1.10% | (0.40%) | 35% | $768,658 |
Year Ended 12/31/2014 | $31.03 | 3.61% | 1.08% | 1.08% | (0.34%) | 12% | $1,132,223 |
Year Ended 12/31/2013 | $35.90 | 32.72% | 1.06% | 1.06% | (0.20%) | 17% | $1,496,775 |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $18.19 | 15.44% (b) | 1.11% (c) | 1.10% (c) | (0.14%) (c) | 35% | $3,701 |
Year Ended 12/31/2017 | $16.21 | 19.56% (b) | 1.08% | 1.08% | (0.17%) | 84% | $10,133 |
Year Ended 12/31/2016 | $18.02 | 13.09% | 1.07% | 1.07% | (0.27%) | 98% | $13,764 |
Year Ended 12/31/2015 | $22.90 | (1.23%) | 1.01% | 1.01% | (0.30%) | 35% | $27,112 |
Year Ended 12/31/2014 | $31.71 | 3.68% | 0.99% | 0.99% | (0.17%) | 12% | $36,689 |
Year Ended 12/31/2013 | $36.53 | 32.83% | 0.97% | 0.97% | 0.06% | 17% | $6,068 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 103 |
Table of Contents
Columbia Acorn USA®
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 | Total distributions to shareholders | |
Institutional 3 Class | ||||||
Six Months Ended 6/30/2018 (Unaudited) | $16.36 | (0.01) | 2.55 | 2.54 | (0.54) | (0.54) |
Year Ended 12/31/2017 | $18.14 | (0.03) | 3.47 | 3.44 | (5.22) | (5.22) |
Year Ended 12/31/2016 | $22.99 | (0.04) | 2.81 | 2.77 | (7.62) | (7.62) |
Year Ended 12/31/2015 | $31.80 | (0.08) | (0.21) (e) | (0.29) | (8.52) | (8.52) |
Year Ended 12/31/2014 | $36.59 | (0.07) | 1.32 | 1.25 | (6.04) | (6.04) |
Year Ended 12/31/2013 | $29.93 | 0.02 | 9.64 | 9.66 | (3.00) | (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) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | 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. |
(f) | Rounds to zero. |
104 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn USA®
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) | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $18.36 | 15.45% (b) | 1.06% (c) | 1.05% (c) | (0.06%) (c) | 35% | $57,753 |
Year Ended 12/31/2017 | $16.36 | 19.60% (b) | 1.05% | 1.05% | (0.17%) | 84% | $49,019 |
Year Ended 12/31/2016 | $18.14 | 13.18% | 1.01% | 1.01% | (0.18%) | 98% | $38,136 |
Year Ended 12/31/2015 | $22.99 | (1.23%) | 0.97% | 0.97% | (0.25%) | 35% | $41,658 |
Year Ended 12/31/2014 | $31.80 | 3.76% | 0.93% | 0.93% | (0.19%) | 12% | $35,551 |
Year Ended 12/31/2013 | $36.59 | 32.89% | 0.93% | 0.93% | 0.07% | 17% | $48,479 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 105 |
Table of Contents
Columbia Acorn International SelectSM
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 | Total distributions to shareholders | |
Class A | ||||||||
Six Months Ended 6/30/2018 (Unaudited) | $28.89 | 0.12 | 0.40 | 0.52 | — | — | — | — |
Year Ended 12/31/2017 | $21.36 | 0.02 | 7.52 | 7.54 | (0.01) | — | — | (0.01) |
Year Ended 12/31/2016 | $21.33 | 0.10 | 0.09 (e) | 0.19 | (0.14) | — | (0.02) | (0.16) |
Year Ended 12/31/2015 | $22.04 | 0.17 | (0.45) | (0.28) | (0.42) | — | (0.01) | (0.43) |
Year Ended 12/31/2014 | $26.91 | 0.29 | (2.17) | (1.88) | (0.10) | (2.89) | — | (2.99) |
Year Ended 12/31/2013 | $25.61 | 0.29 | 3.29 | 3.58 | (0.37) | (1.91) | — | (2.28) |
Advisor Class | ||||||||
Six Months Ended 6/30/2018 (Unaudited) | $29.46 | 0.13 | 0.43 | 0.56 | — | — | — | — |
Year Ended 12/31/2017 | $21.77 | 0.08 | 7.68 | 7.76 | (0.07) | — | — | (0.07) |
Year Ended 12/31/2016 | $21.74 | 0.17 | 0.08 (e) | 0.25 | (0.20) | — | (0.02) | (0.22) |
Year Ended 12/31/2015 | $22.45 | 0.22 | (0.44) | (0.22) | (0.48) | — | (0.01) | (0.49) |
Year Ended 12/31/2014 | $27.36 | 0.37 | (2.22) | (1.85) | (0.17) | (2.89) | — | (3.06) |
Year Ended 12/31/2013 | $25.99 | 0.29 | 3.42 | 3.71 | (0.43) | (1.91) | — | (2.34) |
Class C | ||||||||
Six Months Ended 6/30/2018 (Unaudited) | $26.85 | 0.01 | 0.36 | 0.37 | — | — | — | — |
Year Ended 12/31/2017 | $19.99 | (0.15) | 7.01 | 6.86 | — | — | — | — |
Year Ended 12/31/2016 | $19.96 | (0.06) | 0.09 (e) | 0.03 | — | — | — | — |
Year Ended 12/31/2015 | $20.54 | (0.01) | (0.41) | (0.42) | (0.15) | — | (0.01) | (0.16) |
Year Ended 12/31/2014 | $25.39 | 0.07 | (2.03) | (1.96) | — | (2.89) | — | (2.89) |
Year Ended 12/31/2013 | $24.28 | 0.08 | 3.10 | 3.18 | (0.16) | (1.91) | — | (2.07) |
Institutional Class | ||||||||
Six Months Ended 6/30/2018 (Unaudited) | $29.25 | 0.14 | 0.41 | 0.55 | — | — | — | — |
Year Ended 12/31/2017 | $21.61 | 0.09 | 7.62 | 7.71 | (0.07) | — | — | (0.07) |
Year Ended 12/31/2016 | $21.58 | 0.16 | 0.09 (e) | 0.25 | (0.20) | — | (0.02) | (0.22) |
Year Ended 12/31/2015 | $22.30 | 0.24 | (0.46) | (0.22) | (0.49) | — | (0.01) | (0.50) |
Year Ended 12/31/2014 | $27.20 | 0.38 | (2.21) | (1.83) | (0.18) | (2.89) | — | (3.07) |
Year Ended 12/31/2013 | $25.86 | 0.37 | 3.33 | 3.70 | (0.45) | (1.91) | — | (2.36) |
Institutional 2 Class | ||||||||
Six Months Ended 6/30/2018 (Unaudited) | $29.44 | 0.16 | 0.42 | 0.58 | — | — | — | — |
Year Ended 12/31/2017 | $21.76 | 0.11 | 7.66 | 7.77 | (0.09) | — | — | (0.09) |
Year Ended 12/31/2016 | $21.72 | 0.16 | 0.11 (e) | 0.27 | (0.21) | — | (0.02) | (0.23) |
Year Ended 12/31/2015 | $22.43 | 0.22 | (0.42) | (0.20) | (0.50) | — | (0.01) | (0.51) |
Year Ended 12/31/2014 | $27.34 | 0.36 | (2.19) | (1.83) | (0.19) | (2.89) | — | (3.08) |
Year Ended 12/31/2013 | $25.98 | 0.38 | 3.35 | 3.73 | (0.46) | (1.91) | — | (2.37) |
106 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn International SelectSM
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) | |
Class A | ||||||||
Six Months Ended 6/30/2018 (Unaudited) | — | $29.41 | 1.80% (b) | 1.53% (c) | 1.40% (c),(d) | 0.79% (c) | 23% | $27,687 |
Year Ended 12/31/2017 | — | $28.89 | 35.30% (b) | 1.54% | 1.40% (d) | 0.07% | 49% | $26,336 |
Year Ended 12/31/2016 | — | $21.36 | 0.90% (b) | 1.55% (f) | 1.48% (f) | 0.49% | 49% | $20,165 |
Year Ended 12/31/2015 | 0.00 (g) | $21.33 | (1.30%) (h) | 1.55% | 1.55% | 0.74% | 59% | $33,772 |
Year Ended 12/31/2014 | — | $22.04 | (7.06%) | 1.47% | 1.47% | 1.05% | 58% | $53,419 |
Year Ended 12/31/2013 | — | $26.91 | 14.42% | 1.47% | 1.47% | 1.08% | 72% | $73,911 |
Advisor Class | ||||||||
Six Months Ended 6/30/2018 (Unaudited) | — | $30.02 | 1.90% (b) | 1.27% (c) | 1.15% (c),(d) | 0.89% (c) | 23% | $1,004 |
Year Ended 12/31/2017 | — | $29.46 | 35.67% (b) | 1.29% | 1.15% (d) | 0.30% | 49% | $1,820 |
Year Ended 12/31/2016 | — | $21.77 | 1.15% (b) | 1.29% (f) | 1.21% (f) | 0.77% | 49% | $1,106 |
Year Ended 12/31/2015 | 0.00 (g) | $21.74 | (1.00%) (h) | 1.27% | 1.27% | 0.97% | 59% | $898 |
Year Ended 12/31/2014 | — | $22.45 | (6.83%) | 1.21% | 1.21% | 1.33% | 58% | $974 |
Year Ended 12/31/2013 | — | $27.36 | 14.72% | 1.24% | 1.24% | 1.06% | 72% | $417 |
Class C | ||||||||
Six Months Ended 6/30/2018 (Unaudited) | — | $27.22 | 1.38% (b) | 2.28% (c) | 2.15% (c),(d) | 0.05% (c) | 23% | $5,031 |
Year Ended 12/31/2017 | — | $26.85 | 34.32% (b) | 2.29% | 2.15% (d) | (0.64%) | 49% | $5,027 |
Year Ended 12/31/2016 | — | $19.99 | 0.15% (b) | 2.31% (f) | 2.23% (f) | (0.29%) | 49% | $4,346 |
Year Ended 12/31/2015 | 0.00 (g) | $19.96 | (2.05%) (h) | 2.32% | 2.32% | (0.06%) | 59% | $5,390 |
Year Ended 12/31/2014 | — | $20.54 | (7.80%) | 2.23% | 2.23% | 0.29% | 58% | $8,057 |
Year Ended 12/31/2013 | — | $25.39 | 13.52% | 2.26% | 2.26% | 0.32% | 72% | $10,311 |
Institutional Class | ||||||||
Six Months Ended 6/30/2018 (Unaudited) | — | $29.80 | 1.88% (b) | 1.27% (c) | 1.15% (c),(d) | 0.97% (c) | 23% | $75,280 |
Year Ended 12/31/2017 | — | $29.25 | 35.70% (b) | 1.29% | 1.15% (d) | 0.36% | 49% | $89,266 |
Year Ended 12/31/2016 | — | $21.61 | 1.18% (b) | 1.26% (f) | 1.19% (f) | 0.74% | 49% | $73,631 |
Year Ended 12/31/2015 | 0.00 (g) | $21.58 | (1.03%) (h) | 1.24% | 1.24% | 1.05% | 59% | $96,311 |
Year Ended 12/31/2014 | — | $22.30 | (6.79%) | 1.17% | 1.17% | 1.36% | 58% | $175,764 |
Year Ended 12/31/2013 | — | $27.20 | 14.75% | 1.19% | 1.19% | 1.37% | 72% | $256,100 |
Institutional 2 Class | ||||||||
Six Months Ended 6/30/2018 (Unaudited) | — | $30.02 | 1.97% (b) | 1.20% (c) | 1.07% (c) | 1.10% (c) | 23% | $1,076 |
Year Ended 12/31/2017 | — | $29.44 | 35.72% (b) | 1.22% | 1.08% | 0.41% | 49% | $614 |
Year Ended 12/31/2016 | — | $21.76 | 1.25% (b) | 1.23% (f) | 1.19% (f) | 0.76% | 49% | $440 |
Year Ended 12/31/2015 | 0.00 (g) | $21.72 | (0.94%) (h) | 1.21% | 1.21% | 0.96% | 59% | $2,268 |
Year Ended 12/31/2014 | — | $22.43 | (6.77%) | 1.15% | 1.15% | 1.30% | 58% | $2,593 |
Year Ended 12/31/2013 | — | $27.34 | 14.80% (b) | 1.15% | 1.15% | 1.40% | 72% | $956 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 107 |
Table of Contents
Columbia Acorn International SelectSM
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 | Total distributions to shareholders | |
Institutional 3 Class | ||||||||
Six Months Ended 6/30/2018 (Unaudited) | $29.42 | 0.18 | 0.40 | 0.58 | — | — | — | — |
Year Ended 12/31/2017 | $21.74 | (0.07) | 7.86 | 7.79 | (0.11) | — | — | (0.11) |
Year Ended 12/31/2016 | $21.71 | 0.16 | 0.12 (e) | 0.28 | (0.23) | — | (0.02) | (0.25) |
Year Ended 12/31/2015 | $22.42 | 0.28 | (0.47) | (0.19) | (0.51) | — | (0.01) | (0.52) |
Year Ended 12/31/2014 | $27.33 | 0.40 | (2.21) | (1.81) | (0.21) | (2.89) | — | (3.10) |
Year Ended 12/31/2013 | $25.98 | 0.11 | 3.62 | 3.73 | (0.47) | (1.91) | — | (2.38) |
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) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | 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. |
(f) | 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. |
Year Ended | 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 % |
(g) | Rounds to zero. |
(h) | The Fund received proceeds from regulatory settlements. Had the Fund not received these proceeds, the total return would have been lower by 0.02%. |
108 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn International SelectSM
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) | |
Institutional 3 Class | ||||||||
Six Months Ended 6/30/2018 (Unaudited) | — | $30.00 | 1.97% (b) | 1.13% (c) | 1.02% (c) | 1.19% (c) | 23% | $8,737 |
Year Ended 12/31/2017 | — | $29.42 | 35.81% (b) | 1.17% | 1.03% | (0.24%) | 49% | $7,732 |
Year Ended 12/31/2016 | — | $21.74 | 1.29% (b) | 1.12% (f) | 1.04% (f) | 0.74% | 49% | $322 |
Year Ended 12/31/2015 | 0.00 (g) | $21.71 | (0.89%) (h) | 1.14% | 1.14% | 1.21% | 59% | $660 |
Year Ended 12/31/2014 | — | $22.42 | (6.71%) | 1.09% | 1.09% | 1.43% | 58% | $11,755 |
Year Ended 12/31/2013 | — | $27.33 | 14.82% | 1.09% | 1.09% | 0.40% | 72% | $13,318 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 109 |
Table of Contents
Columbia Acorn SelectSM
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 | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.62 | 0.01 | 0.94 | 0.95 | — | (1.21) | (1.21) |
Year Ended 12/31/2017 | $13.13 | (0.03) | 3.31 | 3.28 | — | (1.79) | (1.79) |
Year Ended 12/31/2016 | $13.94 | (0.04) | 1.56 | 1.52 | — | (2.33) | (2.33) |
Year Ended 12/31/2015 | $21.03 | (0.09) | 0.14 | 0.05 | — | (7.14) | (7.14) |
Year Ended 12/31/2014 | $25.57 | (0.14) | 0.64 | 0.50 | — | (5.04) | (5.04) |
Year Ended 12/31/2013 | $24.72 | (0.15) | 7.92 | 7.77 | (0.07) | (6.85) | (6.92) |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $17.19 | 0.03 | 1.09 | 1.12 | — | (1.24) | (1.24) |
Year Ended 12/31/2017 | $15.13 | 0.01 | 3.84 | 3.85 | — | (1.79) | (1.79) |
Year Ended 12/31/2016 | $15.69 | (0.00) (f) | 1.77 | 1.77 | — | (2.33) | (2.33) |
Year Ended 12/31/2015 | $22.75 | (0.04) | 0.12 | 0.08 | — | (7.14) | (7.14) |
Year Ended 12/31/2014 | $27.20 | (0.10) | 0.69 | 0.59 | — | (5.04) | (5.04) |
Year Ended 12/31/2013 | $25.92 | (0.06) | 8.32 | 8.26 | (0.13) | (6.85) | (6.98) |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $9.59 | (0.03) | 0.63 | 0.60 | — | (1.10) | (1.10) |
Year Ended 12/31/2017 | $9.22 | (0.09) | 2.25 | 2.16 | — | (1.79) | (1.79) |
Year Ended 12/31/2016 | $10.51 | (0.10) | 1.14 | 1.04 | — | (2.33) | (2.33) |
Year Ended 12/31/2015 | $17.69 | (0.19) | 0.15 | (0.04) | — | (7.14) | (7.14) |
Year Ended 12/31/2014 | $22.46 | (0.28) | 0.55 | 0.27 | — | (5.04) | (5.04) |
Year Ended 12/31/2013 | $22.48 | (0.32) | 7.15 | 6.83 | — | (6.85) | (6.85) |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $16.54 | 0.03 | 1.06 | 1.09 | — | (1.24) | (1.24) |
Year Ended 12/31/2017 | $14.63 | 0.01 | 3.69 | 3.70 | — | (1.79) | (1.79) |
Year Ended 12/31/2016 | $15.24 | (0.00) (f) | 1.72 | 1.72 | — | (2.33) | (2.33) |
Year Ended 12/31/2015 | $22.28 | (0.03) | 0.13 | 0.10 | — | (7.14) | (7.14) |
Year Ended 12/31/2014 | $26.72 | (0.08) | 0.68 | 0.60 | — | (5.04) | (5.04) |
Year Ended 12/31/2013 | $25.57 | (0.07) | 8.21 | 8.14 | (0.14) | (6.85) | (6.99) |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $17.28 | 0.04 | 1.10 | 1.14 | — | (1.25) | (1.25) |
Year Ended 12/31/2017 | $15.20 | 0.02 | 3.85 | 3.87 | — | (1.79) | (1.79) |
Year Ended 12/31/2016 | $15.74 | 0.01 | 1.78 | 1.79 | — | (2.33) | (2.33) |
Year Ended 12/31/2015 | $22.78 | (0.08) | 0.18 | 0.10 | — | (7.14) | (7.14) |
Year Ended 12/31/2014 | $27.20 | (0.07) | 0.69 | 0.62 | — | (5.04) | (5.04) |
Year Ended 12/31/2013 | $25.93 | (0.04) | 8.31 | 8.27 | (0.15) | (6.85) | (7.00) |
110 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn SelectSM
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) | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.36 | 6.16% (b) | 1.38% (c) | 1.15% (c),(d) | 0.10% (c) | 32% | $105,639 |
Year Ended 12/31/2017 | $14.62 | 26.42% (b) | 1.37% | 1.16% (d) | (0.20%) | 41% | $106,330 |
Year Ended 12/31/2016 | $13.13 | 11.54% (b) | 1.37% | 1.17% | (0.27%) | 75% | $119,364 |
Year Ended 12/31/2015 | $13.94 | (0.73%) (b) | 1.35% (e) | 1.22% (e) | (0.42%) | 55% | $146,864 |
Year Ended 12/31/2014 | $21.03 | 2.17% | 1.32% | 1.32% | (0.58%) | 17% | $264,234 |
Year Ended 12/31/2013 | $25.57 | 33.77% | 1.31% (e) | 1.31% (e) | (0.54%) | 20% | $333,193 |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $17.07 | 6.25% (b) | 1.13% (c) | 0.90% (c),(d) | 0.34% (c) | 32% | $5,626 |
Year Ended 12/31/2017 | $17.19 | 26.71% (b) | 1.14% | 0.91% (d) | 0.05% | 41% | $5,590 |
Year Ended 12/31/2016 | $15.13 | 11.86% (b) | 1.13% | 0.93% | (0.02%) | 75% | $853 |
Year Ended 12/31/2015 | $15.69 | (0.53%) (b) | 1.12% (e) | 0.99% (e) | (0.18%) | 55% | $932 |
Year Ended 12/31/2014 | $22.75 | 2.39% | 1.12% | 1.12% | (0.37%) | 17% | $1,193 |
Year Ended 12/31/2013 | $27.20 | 34.16% | 1.02% (e) | 1.02% (e) | (0.20%) | 20% | $1,383 |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $9.09 | 5.81% (b) | 2.13% (c) | 1.90% (c),(d) | (0.66%) (c) | 32% | $20,077 |
Year Ended 12/31/2017 | $9.59 | 25.40% (b) | 2.12% | 1.91% (d) | (0.95%) | 41% | $22,559 |
Year Ended 12/31/2016 | $9.22 | 10.67% (b) | 2.11% | 1.91% | (1.01%) | 75% | $27,524 |
Year Ended 12/31/2015 | $10.51 | (1.41%) (b) | 2.08% (e) | 1.95% (e) | (1.15%) | 55% | $34,589 |
Year Ended 12/31/2014 | $17.69 | 1.42% | 2.04% | 2.04% | (1.30%) | 17% | $48,591 |
Year Ended 12/31/2013 | $22.46 | 32.85% | 2.04% (e) | 2.04% (e) | (1.28%) | 20% | $61,537 |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $16.39 | 6.32% (b) | 1.13% (c) | 0.90% (c),(d) | 0.35% (c) | 32% | $155,931 |
Year Ended 12/31/2017 | $16.54 | 26.59% (b) | 1.13% | 0.91% (d) | 0.04% | 41% | $157,664 |
Year Ended 12/31/2016 | $14.63 | 11.88% (b) | 1.10% | 0.90% | (0.02%) | 75% | $144,313 |
Year Ended 12/31/2015 | $15.24 | (0.44%) (b) | 1.07% (e) | 0.95% (e) | (0.15%) | 55% | $183,642 |
Year Ended 12/31/2014 | $22.28 | 2.47% | 1.04% | 1.04% | (0.30%) | 17% | $318,487 |
Year Ended 12/31/2013 | $26.72 | 34.16% | 1.02% (e) | 1.02% (e) | (0.26%) | 20% | $431,990 |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $17.17 | 6.33% (b) | 1.05% (c) | 0.84% (c) | 0.43% (c) | 32% | $2,080 |
Year Ended 12/31/2017 | $17.28 | 26.72% (b) | 1.06% | 0.85% | 0.11% | 41% | $1,735 |
Year Ended 12/31/2016 | $15.20 | 11.96% (b) | 1.05% | 0.85% | 0.07% | 75% | $1,036 |
Year Ended 12/31/2015 | $15.74 | (0.44%) (b) | 1.02% (e) | 0.95% (e) | (0.33%) | 55% | $911 |
Year Ended 12/31/2014 | $22.78 | 2.50% | 1.00% | 1.00% | (0.26%) | 17% | $10,697 |
Year Ended 12/31/2013 | $27.20 | 34.21% | 0.97% (e) | 0.97% (e) | (0.13%) | 20% | $11,996 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 111 |
Table of Contents
Columbia Acorn SelectSM
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 | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $17.43 | 0.04 | 1.12 | 1.16 | — | (1.26) | (1.26) |
Year Ended 12/31/2017 | $15.31 | 0.02 | 3.89 | 3.91 | — | (1.79) | (1.79) |
Year Ended 12/31/2016 | $15.83 | 0.02 | 1.79 | 1.81 | — | (2.33) | (2.33) |
Year Ended 12/31/2015 | $22.86 | 0.00 (f) | 0.11 | 0.11 | — | (7.14) | (7.14) |
Year Ended 12/31/2014 | $27.27 | (0.06) | 0.69 | 0.63 | — | (5.04) | (5.04) |
Year Ended 12/31/2013 | $25.98 | (0.03) | 8.34 | 8.31 | (0.17) | (6.85) | (7.02) |
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) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Ratios include line of credit interest expense which is less than 0.01%. |
(f) | Rounds to zero. |
112 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn SelectSM
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) | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $17.33 | 6.37% (b) | 0.99% (c) | 0.79% (c) | 0.41% (c) | 32% | $17,545 |
Year Ended 12/31/2017 | $17.43 | 26.79% (b) | 1.00% | 0.80% | 0.15% | 41% | $15,001 |
Year Ended 12/31/2016 | $15.31 | 12.02% (b) | 1.00% | 0.80% | 0.10% | 75% | $4,389 |
Year Ended 12/31/2015 | $15.83 | (0.39%) (b) | 0.98% (e) | 0.85% (e) | 0.02% | 55% | $5,056 |
Year Ended 12/31/2014 | $22.86 | 2.53% | 0.95% | 0.95% | (0.22%) | 17% | $3,644 |
Year Ended 12/31/2013 | $27.27 | 34.30% | 0.93% (e) | 0.93% (e) | (0.09%) | 20% | $4,847 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 113 |
Table of Contents
Columbia Thermostat FundSM
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 | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.63 | 0.11 | (0.04) | 0.07 | (0.01) | (0.19) | (0.20) |
Year Ended 12/31/2017 | $14.60 | 0.25 | 0.50 | 0.75 | (0.50) | (0.22) | (0.72) |
Year Ended 12/31/2016 | $14.31 | 0.20 | 0.44 | 0.64 | (0.08) | (0.27) | (0.35) |
Year Ended 12/31/2015 | $14.86 | 0.27 | (0.26) | 0.01 | (0.28) | (0.28) | (0.56) |
Year Ended 12/31/2014 | $14.58 | 0.28 | 0.49 | 0.77 | (0.28) | (0.21) | (0.49) |
Year Ended 12/31/2013 | $14.29 | 0.29 | 1.00 | 1.29 | (0.25) | (0.75) | (1.00) |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.50 | 0.13 | (0.05) | 0.08 | (0.01) | (0.19) | (0.20) |
Year Ended 12/31/2017 | $14.47 | 0.29 | 0.50 | 0.79 | (0.54) | (0.22) | (0.76) |
Year Ended 12/31/2016 | $14.19 | 0.24 | 0.42 | 0.66 | (0.11) | (0.27) | (0.38) |
Year Ended 12/31/2015 | $14.74 | 0.30 | (0.25) | 0.05 | (0.32) | (0.28) | (0.60) |
Year Ended 12/31/2014 | $14.46 | 0.32 | 0.49 | 0.81 | (0.32) | (0.21) | (0.53) |
Year Ended 12/31/2013 | $14.19 | 0.36 | 0.95 | 1.31 | (0.29) | (0.75) | (1.04) |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.74 | 0.06 | (0.06) | 0.00 (e) | (0.01) | (0.19) | (0.20) |
Year Ended 12/31/2017 | $14.62 | 0.14 | 0.51 | 0.65 | (0.31) | (0.22) | (0.53) |
Year Ended 12/31/2016 | $14.41 | 0.09 | 0.44 | 0.53 | (0.05) | (0.27) | (0.32) |
Year Ended 12/31/2015 | $14.96 | 0.16 | (0.26) | (0.10) | (0.17) | (0.28) | (0.45) |
Year Ended 12/31/2014 | $14.68 | 0.17 | 0.49 | 0.66 | (0.17) | (0.21) | (0.38) |
Year Ended 12/31/2013 | $14.39 | 0.18 | 1.00 | 1.18 | (0.14) | (0.75) | (0.89) |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.43 | 0.13 | (0.05) | 0.08 | (0.01) | (0.19) | (0.20) |
Year Ended 12/31/2017 | $14.40 | 0.29 | 0.50 | 0.79 | (0.54) | (0.22) | (0.76) |
Year Ended 12/31/2016 | $14.12 | 0.23 | 0.43 | 0.66 | (0.11) | (0.27) | (0.38) |
Year Ended 12/31/2015 | $14.67 | 0.31 | (0.26) | 0.05 | (0.32) | (0.28) | (0.60) |
Year Ended 12/31/2014 | $14.40 | 0.32 | 0.48 | 0.80 | (0.32) | (0.21) | (0.53) |
Year Ended 12/31/2013 | $14.13 | 0.32 | 0.99 | 1.31 | (0.29) | (0.75) | (1.04) |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.52 | 0.13 | (0.05) | 0.08 | (0.01) | (0.19) | (0.20) |
Year Ended 12/31/2017 | $14.49 | 0.29 | 0.50 | 0.79 | (0.54) | (0.22) | (0.76) |
Year Ended 12/31/2016 | $14.20 | 0.24 | 0.43 | 0.67 | (0.11) | (0.27) | (0.38) |
Year Ended 12/31/2015 | $14.75 | 0.31 | (0.26) | 0.05 | (0.32) | (0.28) | (0.60) |
Year Ended 12/31/2014 | $14.47 | 0.31 | 0.50 | 0.81 | (0.32) | (0.21) | (0.53) |
Year Ended 12/31/2013 | $14.19 | 0.37 | 0.96 | 1.33 | (0.30) | (0.75) | (1.05) |
114 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Thermostat FundSM
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) | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.50 | 0.50% | 0.56% (c) | 0.50% (c),(d) | 1.50% (c) | 77% | $224,219 |
Year Ended 12/31/2017 | $14.63 | 5.19% | 0.54% | 0.50% (d) | 1.70% | 33% | $257,752 |
Year Ended 12/31/2016 | $14.60 | 4.47% | 0.54% | 0.50% | 1.39% | 95% | $398,781 |
Year Ended 12/31/2015 | $14.31 | 0.07% | 0.52% | 0.50% | 1.82% | 69% | $387,967 |
Year Ended 12/31/2014 | $14.86 | 5.30% | 0.51% | 0.50% | 1.88% | 95% | $450,258 |
Year Ended 12/31/2013 | $14.58 | 9.07% | 0.52% | 0.50% | 1.91% | 92% | $513,293 |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.38 | 0.58% | 0.31% (c) | 0.25% (c),(d) | 1.76% (c) | 77% | $14,014 |
Year Ended 12/31/2017 | $14.50 | 5.49% | 0.29% | 0.25% (d) | 1.98% | 33% | $16,227 |
Year Ended 12/31/2016 | $14.47 | 4.69% | 0.30% | 0.25% | 1.64% | 95% | $15,664 |
Year Ended 12/31/2015 | $14.19 | 0.33% | 0.28% | 0.25% | 2.06% | 69% | $17,453 |
Year Ended 12/31/2014 | $14.74 | 5.61% | 0.26% | 0.25% | 2.14% | 95% | $23,412 |
Year Ended 12/31/2013 | $14.46 | 9.26% | 0.28% | 0.25% | 2.39% | 92% | $14,651 |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.54 | 0.02% | 1.31% (c) | 1.25% (c),(d) | 0.76% (c) | 77% | $206,077 |
Year Ended 12/31/2017 | $14.74 | 4.48% | 1.29% | 1.25% (d) | 0.96% | 33% | $250,784 |
Year Ended 12/31/2016 | $14.62 | 3.69% | 1.28% | 1.25% | 0.63% | 95% | $338,930 |
Year Ended 12/31/2015 | $14.41 | (0.68%) | 1.27% | 1.25% | 1.08% | 69% | $364,684 |
Year Ended 12/31/2014 | $14.96 | 4.50% | 1.26% | 1.25% | 1.14% | 95% | $404,456 |
Year Ended 12/31/2013 | $14.68 | 8.23% | 1.27% | 1.25% | 1.16% | 92% | $430,173 |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.31 | 0.58% | 0.31% (c) | 0.25% (c),(d) | 1.75% (c) | 77% | $289,196 |
Year Ended 12/31/2017 | $14.43 | 5.52% | 0.29% | 0.25% (d) | 1.97% | 33% | $320,483 |
Year Ended 12/31/2016 | $14.40 | 4.72% | 0.28% | 0.25% | 1.64% | 95% | $341,629 |
Year Ended 12/31/2015 | $14.12 | 0.33% | 0.26% | 0.25% | 2.08% | 69% | $325,159 |
Year Ended 12/31/2014 | $14.67 | 5.57% | 0.25% | 0.24% | 2.16% | 95% | $377,119 |
Year Ended 12/31/2013 | $14.40 | 9.30% | 0.26% | 0.25% | 2.14% | 92% | $375,444 |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.40 | 0.57% | 0.26% (c) | 0.22% (c) | 1.78% (c) | 77% | $15,648 |
Year Ended 12/31/2017 | $14.52 | 5.51% | 0.26% | 0.23% | 1.97% | 33% | $13,464 |
Year Ended 12/31/2016 | $14.49 | 4.77% | 0.27% | 0.24% | 1.66% | 95% | $12,024 |
Year Ended 12/31/2015 | $14.20 | 0.33% | 0.25% | 0.24% | 2.14% | 69% | $6,114 |
Year Ended 12/31/2014 | $14.75 | 5.62% | 0.24% | 0.23% | 2.11% | 95% | $3,536 |
Year Ended 12/31/2013 | $14.47 | 9.35% | 0.25% | 0.23% | 2.44% | 92% | $979 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 115 |
Table of Contents
Columbia Thermostat FundSM
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 | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.50 | 0.14 | (0.06) | 0.08 | (0.01) | (0.19) | (0.20) |
Year Ended 12/31/2017 | $14.46 | 0.30 | 0.51 | 0.81 | (0.55) | (0.22) | (0.77) |
Year Ended 12/31/2016 | $14.18 | 0.25 | 0.42 | 0.67 | (0.12) | (0.27) | (0.39) |
Year Ended 12/31/2015 | $14.74 | 0.31 | (0.26) | 0.05 | (0.33) | (0.28) | (0.61) |
Year Ended 12/31/2014 | $14.46 | 0.32 | 0.50 | 0.82 | (0.33) | (0.21) | (0.54) |
Year Ended 12/31/2013 | $14.18 | 0.33 | 1.01 | 1.34 | (0.31) | (0.75) | (1.06) |
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) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Rounds to zero. |
116 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Thermostat FundSM
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) | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $14.38 | 0.58% | 0.22% (c) | 0.17% (c) | 1.87% (c) | 77% | $460 |
Year Ended 12/31/2017 | $14.50 | 5.64% | 0.21% | 0.18% | 2.04% | 33% | $521 |
Year Ended 12/31/2016 | $14.46 | 4.76% | 0.21% | 0.19% | 1.71% | 95% | $399 |
Year Ended 12/31/2015 | $14.18 | 0.32% | 0.20% | 0.19% | 2.08% | 69% | $352 |
Year Ended 12/31/2014 | $14.74 | 5.68% | 0.19% | 0.18% | 2.19% | 95% | $401 |
Year Ended 12/31/2013 | $14.46 | 9.46% | 0.14% | 0.14% | 2.23% | 92% | $3 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 117 |
Table of Contents
Columbia Acorn Emerging Markets FundSM
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 | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $13.24 | 0.04 | (0.77) | (0.73) | — | — | — |
Year Ended 12/31/2017 | $9.84 | (0.02) | 3.42 | 3.40 | — | — | — |
Year Ended 12/31/2016 | $10.24 | (0.01) | (0.32) | (0.33) | (0.03) | (0.04) | (0.07) |
Year Ended 12/31/2015 | $12.72 | 0.10 | (2.42) | (2.32) | (0.15) | (0.01) | (0.16) |
Year Ended 12/31/2014 | $13.37 | 0.06 | (0.63) | (0.57) | (0.08) | — | (0.08) |
Year Ended 12/31/2013 | $12.04 | 0.07 | 1.34 | 1.41 | (0.08) | — | (0.08) |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $13.38 | 0.06 | (0.78) | (0.72) | — | — | — |
Year Ended 12/31/2017 | $9.92 | 0.02 | 3.44 | 3.46 | — | — | — |
Year Ended 12/31/2016 | $10.32 | 0.01 | (0.31) | (0.30) | (0.06) | (0.04) | (0.10) |
Year Ended 12/31/2015 | $12.83 | 0.17 | (2.49) | (2.32) | (0.18) | (0.01) | (0.19) |
Year Ended 12/31/2014 | $13.49 | 0.09 | (0.63) | (0.54) | (0.12) | — | (0.12) |
Year Ended 12/31/2013 | $12.14 | 0.12 | 1.35 | 1.47 | (0.12) | — | (0.12) |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $13.09 | (0.01) | (0.76) | (0.77) | — | — | — |
Year Ended 12/31/2017 | $9.80 | (0.09) | 3.38 | 3.29 | — | — | — |
Year Ended 12/31/2016 | $10.20 | (0.09) | (0.31) | (0.40) | — | — | — |
Year Ended 12/31/2015 | $12.65 | 0.01 | (2.39) | (2.38) | (0.06) | (0.01) | (0.07) |
Year Ended 12/31/2014 | $13.32 | (0.05) | (0.62) | (0.67) | — | — | — |
Year Ended 12/31/2013 | $12.01 | (0.03) | 1.34 | 1.31 | — | — | — |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $13.29 | 0.05 | (0.76) | (0.71) | — | — | — |
Year Ended 12/31/2017 | $9.85 | 0.03 | 3.41 | 3.44 | — | — | — |
Year Ended 12/31/2016 | $10.26 | (0.00) (f) | (0.31) | (0.31) | (0.06) | (0.04) | (0.10) |
Year Ended 12/31/2015 | $12.74 | 0.13 | (2.42) | (2.29) | (0.18) | (0.01) | (0.19) |
Year Ended 12/31/2014 | $13.40 | 0.08 | (0.63) | (0.55) | (0.11) | — | (0.11) |
Year Ended 12/31/2013 | $12.07 | 0.11 | 1.33 | 1.44 | (0.11) | — | (0.11) |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $13.38 | 0.06 | (0.77) | (0.71) | — | — | — |
Year Ended 12/31/2017 | $9.91 | 0.04 | 3.43 | 3.47 | — | — | — |
Year Ended 12/31/2016 | $10.32 | (0.02) | (0.28) | (0.30) | (0.07) | (0.04) | (0.11) |
Year Ended 12/31/2015 | $12.82 | 0.15 | (2.45) | (2.30) | (0.19) | (0.01) | (0.20) |
Year Ended 12/31/2014 | $13.48 | 0.10 | (0.64) | (0.54) | (0.12) | — | (0.12) |
Year Ended 12/31/2013 | $12.14 | 0.12 | 1.34 | 1.46 | (0.12) | — | (0.12) |
118 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn Emerging Markets FundSM
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) | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $12.51 | (5.51%) (b) | 1.95% (c) | 1.51% (c),(d) | 0.60% (c) | 27% | $29,176 |
Year Ended 12/31/2017 | $13.24 | 34.55% (b) | 1.98% | 1.70% (d) | (0.14%) | 47% | $33,982 |
Year Ended 12/31/2016 | $9.84 | (3.20%) (b) | 1.84% (e) | 1.84% (e) | (0.11%) | 43% | $49,141 |
Year Ended 12/31/2015 | $10.24 | (18.25%) | 1.67% | 1.67% | 0.88% | 58% | $88,574 |
Year Ended 12/31/2014 | $12.72 | (4.28%) | 1.56% | 1.56% | 0.42% | 45% | $160,969 |
Year Ended 12/31/2013 | $13.37 | 11.73% (b) | 1.80% | 1.76% | 0.52% | 36% | $177,158 |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $12.66 | (5.38%) (b) | 1.70% (c) | 1.26% (c),(d) | 0.84% (c) | 27% | $1,115 |
Year Ended 12/31/2017 | $13.38 | 34.88% (b) | 1.73% | 1.43% (d) | 0.19% | 47% | $1,337 |
Year Ended 12/31/2016 | $9.92 | (2.91%) | 1.57% (e) | 1.57% (e) | 0.09% | 43% | $1,306 |
Year Ended 12/31/2015 | $10.32 | (18.04%) | 1.36% | 1.36% | 1.37% | 58% | $3,459 |
Year Ended 12/31/2014 | $12.83 | (4.03%) | 1.28% | 1.28% | 0.66% | 45% | $15,467 |
Year Ended 12/31/2013 | $13.49 | 12.13% (b) | 1.44% | 1.44% | 0.92% | 36% | $13,583 |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $12.32 | (5.88%) (b) | 2.70% (c) | 2.26% (c),(d) | (0.16%) (c) | 27% | $13,343 |
Year Ended 12/31/2017 | $13.09 | 33.57% (b) | 2.74% | 2.43% (d) | (0.78%) | 47% | $15,546 |
Year Ended 12/31/2016 | $9.80 | (3.92%) (b) | 2.60% (e) | 2.59% (e) | (0.87%) | 43% | $15,534 |
Year Ended 12/31/2015 | $10.20 | (18.83%) | 2.42% | 2.42% | 0.12% | 58% | $22,953 |
Year Ended 12/31/2014 | $12.65 | (5.03%) | 2.33% | 2.33% | (0.36%) | 45% | $41,208 |
Year Ended 12/31/2013 | $13.32 | 10.91% (b) | 2.55% | 2.51% | (0.23%) | 36% | $32,636 |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $12.58 | (5.34%) (b) | 1.70% (c) | 1.26% (c),(d) | 0.81% (c) | 27% | $43,049 |
Year Ended 12/31/2017 | $13.29 | 34.92% (b) | 1.74% | 1.42% (d) | 0.28% | 47% | $53,415 |
Year Ended 12/31/2016 | $9.85 | (3.04%) (b) | 1.59% (e) | 1.58% (e) | (0.04%) | 43% | $38,969 |
Year Ended 12/31/2015 | $10.26 | (17.98%) | 1.42% | 1.42% | 1.12% | 58% | $147,688 |
Year Ended 12/31/2014 | $12.74 | (4.12%) | 1.33% | 1.33% | 0.62% | 45% | $245,053 |
Year Ended 12/31/2013 | $13.40 | 11.92% (b) | 1.58% | 1.54% | 0.89% | 36% | $177,693 |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $12.67 | (5.31%) (b) | 1.65% (c) | 1.19% (c) | 0.92% (c) | 27% | $748 |
Year Ended 12/31/2017 | $13.38 | 35.02% (b) | 1.65% | 1.33% | 0.33% | 47% | $1,030 |
Year Ended 12/31/2016 | $9.91 | (2.90%) | 1.46% (e) | 1.46% (e) | (0.23%) | 43% | $806 |
Year Ended 12/31/2015 | $10.32 | (17.96%) | 1.34% | 1.34% | 1.22% | 58% | $12,643 |
Year Ended 12/31/2014 | $12.82 | (4.02%) | 1.26% | 1.26% | 0.72% | 45% | $19,632 |
Year Ended 12/31/2013 | $13.48 | 12.07% (b) | 1.42% | 1.42% | 0.94% | 36% | $13,625 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 119 |
Table of Contents
Columbia Acorn Emerging Markets FundSM
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 | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $13.27 | 0.07 | (0.77) | (0.70) | — | — | — |
Year Ended 12/31/2017 | $9.82 | 0.02 | 3.43 | 3.45 | — | — | — |
Year Ended 12/31/2016 | $10.23 | 0.03 | (0.33) | (0.30) | (0.07) | (0.04) | (0.11) |
Year Ended 12/31/2015 | $12.71 | 0.15 | (2.43) | (2.28) | (0.19) | (0.01) | (0.20) |
Year Ended 12/31/2014 | $13.36 | 0.09 | (0.62) | (0.53) | (0.12) | — | (0.12) |
Year Ended 12/31/2013(g) | $12.22 | 0.07 | 1.20 | 1.27 | (0.13) | — | (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. 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) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Ratios include line of credit interest expense which is less than 0.01%. |
(f) | Rounds to zero. |
(g) | Institutional 3 Class shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
120 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn Emerging Markets FundSM
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) | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $12.57 | (5.28%) (b) | 1.59% (c) | 1.14% (c) | 0.99% (c) | 27% | $903 |
Year Ended 12/31/2017 | $13.27 | 35.13% (b) | 1.59% | 1.14% | 0.16% | 47% | $912 |
Year Ended 12/31/2016 | $9.82 | (2.92%) (b) | 1.45% | 1.45% | 0.29% | 43% | $2 |
Year Ended 12/31/2015 | $10.23 | (17.90%) | 1.27% | 1.27% | 1.24% | 58% | $2 |
Year Ended 12/31/2014 | $12.71 | (3.95%) | 1.22% | 1.22% | 0.68% | 45% | $2 |
Year Ended 12/31/2013(g) | $13.36 | 10.43% (b) | 1.36% (c) | 1.36% (c) | 0.97% (c) | 36% | $3 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 121 |
Table of Contents
Columbia Acorn European FundSM
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 | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $19.27 | 0.16 | (0.04) | 0.12 | (0.12) | — | (0.12) |
Year Ended 12/31/2017 | $14.12 | 0.06 | 5.28 | 5.34 | (0.19) | — | (0.19) |
Year Ended 12/31/2016 | $14.75 | 0.16 | (0.67) | (0.51) | (0.12) | — | (0.12) |
Year Ended 12/31/2015 | $14.34 | 0.10 | 0.50 | 0.60 | (0.19) | — | (0.19) |
Year Ended 12/31/2014 | $15.68 | 0.13 | (1.34) | (1.21) | (0.05) | (0.08) | (0.13) |
Year Ended 12/31/2013 | $11.76 | (0.02) | 3.97 | 3.95 | (0.01) | (0.02) | (0.03) |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $19.36 | 0.18 | (0.03) | 0.15 | (0.12) | — | (0.12) |
Year Ended 12/31/2017 | $14.18 | 0.10 | 5.32 | 5.42 | (0.24) | — | (0.24) |
Year Ended 12/31/2016 | $14.82 | 0.17 | (0.65) | (0.48) | (0.16) | — | (0.16) |
Year Ended 12/31/2015 | $14.40 | 0.24 | 0.41 | 0.65 | (0.23) | — | (0.23) |
Year Ended 12/31/2014(e) | $15.85 | (0.02) | (1.34) | (1.36) | (0.09) | — | (0.09) |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $19.12 | 0.09 | (0.04) | 0.05 | (0.12) | — | (0.12) |
Year Ended 12/31/2017 | $13.99 | (0.04) | 5.21 | 5.17 | (0.04) | — | (0.04) |
Year Ended 12/31/2016 | $14.63 | 0.03 | (0.64) | (0.61) | (0.03) | — | (0.03) |
Year Ended 12/31/2015 | $14.16 | (0.00) (f) | 0.48 | 0.48 | (0.01) | — | (0.01) |
Year Ended 12/31/2014 | $15.54 | (0.01) | (1.29) | (1.30) | — | (0.08) | (0.08) |
Year Ended 12/31/2013 | $11.73 | (0.15) | 3.98 | 3.83 | — | (0.02) | (0.02) |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $19.27 | 0.19 | (0.05) | 0.14 | (0.12) | — | (0.12) |
Year Ended 12/31/2017 | $14.11 | 0.14 | 5.26 | 5.40 | (0.24) | — | (0.24) |
Year Ended 12/31/2016 | $14.75 | 0.19 | (0.67) | (0.48) | (0.16) | — | (0.16) |
Year Ended 12/31/2015 | $14.34 | 0.15 | 0.49 | 0.64 | (0.23) | — | (0.23) |
Year Ended 12/31/2014 | $15.68 | 0.15 | (1.32) | (1.17) | (0.09) | (0.08) | (0.17) |
Year Ended 12/31/2013 | $11.76 | 0.11 | 3.88 | 3.99 | (0.05) | (0.02) | (0.07) |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $19.46 | 0.20 | (0.04) | 0.16 | (0.12) | — | (0.12) |
Year Ended 12/31/2017 | $14.25 | 0.20 | 5.25 | 5.45 | (0.24) | — | (0.24) |
Year Ended 12/31/2016 | $14.89 | 0.18 | (0.66) | (0.48) | (0.16) | — | (0.16) |
Year Ended 12/31/2015 | $14.47 | 0.15 | 0.50 | 0.65 | (0.23) | — | (0.23) |
Year Ended 12/31/2014 | $15.82 | 0.14 | (1.32) | (1.18) | (0.09) | (0.08) | (0.17) |
Year Ended 12/31/2013 | $11.86 | (0.04) | 4.06 | 4.02 | (0.04) | (0.02) | (0.06) |
122 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn European FundSM
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) | |
Class A | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $19.27 | 0.59% | 1.77% (c) | 1.44% (c) | 1.64% (c) | 12% | $35,428 |
Year Ended 12/31/2017 | $19.27 | 37.89% | 1.94% | 1.58% (d) | 0.33% | 34% | $32,487 |
Year Ended 12/31/2016 | $14.12 | (3.47%) | 2.00% | 1.75% | 1.07% | 40% | $26,269 |
Year Ended 12/31/2015 | $14.75 | 4.17% | 2.06% | 1.75% | 0.67% | 37% | $40,368 |
Year Ended 12/31/2014 | $14.34 | (7.77%) | 2.05% | 1.75% | 0.86% | 74% | $21,101 |
Year Ended 12/31/2013 | $15.68 | 33.64% | 3.33% | 1.74% | (0.11%) | 42% | $19,078 |
Advisor Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $19.39 | 0.74% | 1.52% (c) | 1.19% (c) | 1.81% (c) | 12% | $2,847 |
Year Ended 12/31/2017 | $19.36 | 38.29% | 1.71% | 1.28% (d) | 0.55% | 34% | $2,942 |
Year Ended 12/31/2016 | $14.18 | (3.27%) | 1.79% | 1.50% | 1.15% | 40% | $362 |
Year Ended 12/31/2015 | $14.82 | 4.48% | 1.81% | 1.50% | 1.59% | 37% | $408 |
Year Ended 12/31/2014(e) | $14.40 | (8.60%) | 1.87% (c) | 1.50% (c) | (0.30%) (c) | 74% | $302 |
Class C | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $19.05 | 0.23% | 2.52% (c) | 2.19% (c) | 0.93% (c) | 12% | $15,302 |
Year Ended 12/31/2017 | $19.12 | 36.95% | 2.69% | 2.31% (d) | (0.25%) | 34% | $13,965 |
Year Ended 12/31/2016 | $13.99 | (4.21%) | 2.75% | 2.50% | 0.18% | 40% | $7,112 |
Year Ended 12/31/2015 | $14.63 | 3.41% | 2.82% | 2.50% | (0.02%) | 37% | $7,220 |
Year Ended 12/31/2014 | $14.16 | (8.44%) | 2.84% | 2.50% | (0.10%) | 74% | $5,096 |
Year Ended 12/31/2013 | $15.54 | 32.63% | 4.19% | 2.50% | (1.10%) | 42% | $1,400 |
Institutional Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $19.29 | 0.69% | 1.52% (c) | 1.19% (c) | 1.88% (c) | 12% | $53,802 |
Year Ended 12/31/2017 | $19.27 | 38.35% | 1.69% | 1.29% (d) | 0.77% | 34% | $48,965 |
Year Ended 12/31/2016 | $14.11 | (3.29%) | 1.73% | 1.50% | 1.29% | 40% | $11,345 |
Year Ended 12/31/2015 | $14.75 | 4.43% | 1.78% | 1.50% | 1.01% | 37% | $11,766 |
Year Ended 12/31/2014 | $14.34 | (7.52%) | 1.79% | 1.50% | 0.97% | 74% | $8,499 |
Year Ended 12/31/2013 | $15.68 | 33.98% | 3.98% | 1.45% | 0.83% | 42% | $4,407 |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $19.50 | 0.79% | 1.46% (c) | 1.13% (c) | 2.06% (c) | 12% | $5,213 |
Year Ended 12/31/2017 | $19.46 | 38.32% | 1.64% | 1.28% | 1.14% | 34% | $3,988 |
Year Ended 12/31/2016 | $14.25 | (3.23%) | 1.68% | 1.47% | 1.26% | 40% | $1,262 |
Year Ended 12/31/2015 | $14.89 | 4.48% | 1.75% | 1.48% | 0.98% | 37% | $2,122 |
Year Ended 12/31/2014 | $14.47 | (7.54%) | 1.75% | 1.52% | 0.92% | 74% | $1,633 |
Year Ended 12/31/2013 | $15.82 | 33.97% | 2.76% | 1.51% | (0.29%) | 42% | $1,891 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 123 |
Table of Contents
Columbia Acorn European FundSM
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 | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $19.17 | (0.02) | 0.16 (g) | 0.14 | (0.12) | — | (0.12) |
Year Ended 12/31/2017(h) | $15.02 | 0.03 | 4.40 | 4.43 | (0.28) | — | (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) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Advisor Class shares commenced operations on June 25, 2014. Per share data and total return reflect activity from that date. |
(f) | Rounds to zero. |
(g) | 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 Statement of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(h) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
124 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
Columbia Acorn European FundSM
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) | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2018 (Unaudited) | $19.19 | 0.70% | 1.41% (c) | 1.08% (c) | (0.20%) (c) | 12% | $3 |
Year Ended 12/31/2017(h) | $19.17 | 29.55% | 1.58% (c) | 1.09% (c) | 0.17% (c) | 34% | $210 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 125 |
Table of Contents
June 30, 2018 (Unaudited)
126 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
June 30, 2018 (Unaudited)
Columbia Acorn Family of Funds | Semiannual Report 2018 | 127 |
Table of Contents
June 30, 2018 (Unaudited)
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Net assets — unrealized depreciation on futures contracts | 1,301,830* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
128 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
Table of Contents
June 30, 2018 (Unaudited)
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (4,806,843) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (1,301,830) |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 77,389,935 |
* | Based on the ending quarterly outstanding amounts for the six months ended June 30, 2018. |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 129 |
Table of Contents
June 30, 2018 (Unaudited)
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | |
Liabilities | ||||||
Collateral on Securities loaned(a) | 50,735,444 | 14,853,961 | 4,633,100 | 1,312,200 | 405,000 | 1,168,500 |
Total Liabilities | 50,735,444 | 14,853,961 | 4,633,100 | 1,312,200 | 405,000 | 1,168,500 |
Total Financial and Derivative Net Assets | (50,735,444) | (14,853,961) | (4,633,100) | (1,312,200) | (405,000) | (1,168,500) |
Financial Instruments | 49,634,346 | 14,348,902 | 4,523,791 | 1,289,196 | 397,900 | 1,140,391 |
Net Amount (b) | (1,101,098) | (505,059) | (109,309) | (23,004) | (7,100) | (28,109) |
(a) | Columbia Acorn SelectSM and Columbia Thermostat FundSM had no securities on loan outstanding at June 30, 2018. |
(b) | 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 | $49,634,346 | $— | $— | $— | $49,634,346 |
Gross amount of recognized liabilities for securities lending (collateral received) | 50,735,444 | ||||
Amounts due to counterparty in the event of default | $1,101,098 |
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Overnight and continuous | Up to 30 days | 30-90 days | Greater than 90 days | Total | |
Columbia Acorn International® | |||||
Securities lending transactions | |||||
Equity securities | $14,348,902 | $— | $— | $— | $14,348,902 |
Gross amount of recognized liabilities for securities lending (collateral received) | 14,853,961 | ||||
Amounts due to counterparty in the event of default | $505,059 | ||||
Columbia Acorn USA® | |||||
Securities lending transactions | |||||
Equity securities | $4,523,791 | $— | $— | $— | $4,523,791 |
Gross amount of recognized liabilities for securities lending (collateral received) | 4,633,100 | ||||
Amounts due to counterparty in the event of default | $109,309 | ||||
Columbia Acorn International SelectSM | |||||
Securities lending transactions | |||||
Equity securities | $1,289,196 | $— | $— | $— | $1,289,196 |
Gross amount of recognized liabilities for securities lending (collateral received) | 1,312,200 | ||||
Amounts due to counterparty in the event of default | $23,004 | ||||
Columbia Acorn Emerging Markets FundSM | |||||
Securities lending transactions | |||||
Equity securities | $397,900 | $— | $— | $— | $397,900 |
Gross amount of recognized liabilities for securities lending (collateral received) | 405,000 | ||||
Amounts due to counterparty in the event of default | $7,100 | ||||
Columbia Acorn European FundSM | |||||
Securities lending transactions | |||||
Equity securities | $1,140,391 | $— | $— | $— | $1,140,391 |
Gross amount of recognized liabilities for securities lending (collateral received) | 1,168,500 | ||||
Amounts due to counterparty in the event of default | $28,109 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 131 |
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June 30, 2018 (Unaudited)
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% |
132 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
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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 Assets | 0.10% |
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® | 0.92 |
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 | 1.15 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 133 |
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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% |
$45 billion and over | 0.015% |
Fund | Purchases ($) | Sales ($) | Realized gain/(loss) from sale transactions ($) |
Columbia Acorn International® | — | 2,485,568 | (11,943) |
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Fund | Class A (%) | Advisor Class (%) | 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 | 0.00 | — |
Columbia Acorn International® | 0.11 | 0.11 | 0.11 | 0.11 | 0.05 | 0.00 | 0.11 |
Columbia Acorn USA® | 0.13 | 0.13 | 0.13 | 0.13 | 0.05 | 0.00 | — |
Columbia Acorn International SelectSM | 0.14 | 0.14 | 0.14 | 0.14 | 0.05 | 0.00 | — |
Columbia Acorn SelectSM | 0.11 | 0.11 | 0.11 | 0.11 | 0.05 | 0.00 | — |
Columbia Thermostat FundSM | 0.10 | 0.10 | 0.10 | 0.10 | 0.05 | 0.00 | — |
Columbia Acorn Emerging Markets FundSM | 0.12 | 0.12 | 0.12 | 0.12 | 0.05 | 0.00 | — |
Columbia Acorn European FundSM | 0.11 | 0.11 | 0.11 | 0.11 | 0.05 | 0.00 | — |
Fund | Amount ($) |
Columbia Acorn® Fund | 7,700 |
Columbia Acorn International® | 8,672 |
Columbia Acorn USA® | 1,420 |
Columbia Acorn International SelectSM | 640 |
Columbia Acorn SelectSM | 1,320 |
Columbia Thermostat FundSM | 580 |
Columbia Acorn Emerging Markets FundSM | 40 |
Columbia Acorn European FundSM | — |
136 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
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June 30, 2018 (Unaudited)
Underwriting discounts ($) | CDSCs ($) | ||
Fund | Class A | Class A | Class C |
Columbia Acorn® Fund | 188,294 | 1,543 | 1,545 |
Columbia Acorn International® | 81,452 | 4 | 448 |
Columbia Acorn USA® | 16,061 | 42 | 926 |
Columbia Acorn International SelectSM | 45,347 | 139 | 2 |
Columbia Acorn SelectSM | 12,943 | 61 | 26 |
Columbia Thermostat FundSM | 88,097 | 695 | 3,132 |
Columbia Acorn Emerging Markets FundSM | 12,669 | 196 | 60 |
Columbia Acorn European FundSM | 78,722 | 44 | 427 |
Fund | Class A | Advisor | Class C | Institutional | Institutional 2 | Institutional 3 |
Columbia Acorn Emerging Markets Fund | 1.55% | 1.30% | 2.30% | 1.30% | 1.19% | 1.14% |
Columbia Acorn European Fund | 1.45% | 1.20% | 2.20% | 1.20% | 1.13% | 1.08% |
Fund | Class A | Advisor | Class C | Institutional Class | Institutional Class 2 | Institutional Class 3 |
Columbia Acorn Fund | 1.11% | 0.86% | 1.86% | 0.86% | 0.84% | 0.79% |
Columbia Acorn USA Fund | 1.42% | 1.17% | 2.17% | 1.17% | 1.08% | 1.03% |
Fund | Class A | Advisor | Class C | Institutional | Institutional Class 2 | Institutional Class 3 |
Columbia Acorn International Select | 1.40% | 1.15% | 2.15% | 1.15% | 1.06% | 1.01% |
Columbia Thermostat Fund | 0.50% | 0.25% | 1.25% | 0.25% | 0.20% | 0.15% |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 137 |
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June 30, 2018 (Unaudited)
Fund | Class A | Advisor | Class C | Institutional | Institutional Class 2 | Institutional Class 3 |
Columbia Acorn Select | 1.60% | 1.35% | 2.35% | 1.35% | 1.29% | 1.24% |
Fund | Class A | Advisor | Class C | Institutional Class | Institutional Class 2 | Institutional Class 3 |
Columbia Acorn International Select | 1.40% | 1.15% | 2.15% | 1.15% | 1.08% | 1.03% |
Columbia Thermostat Fund | 0.50% | 0.25% | 1.25% | 0.25% | 0.23% | 0.18% |
Fund | Expenses waived and/or reimbursed ($) |
Columbia Acorn® Fund | 591,775 |
Columbia Acorn International® | 212,194 |
Columbia Acorn USA® | 21,167 |
Columbia Acorn International SelectSM | 77,604 |
Columbia Acorn SelectSM | 349,846 |
Columbia Thermostat FundSM | 235,828 |
Columbia Acorn Emerging Markets FundSM | 224,250 |
Columbia Acorn European FundSM | 190,436 |
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June 30, 2018 (Unaudited)
Fund | Tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
Columbia Acorn® Fund | 3,306,055,000 | 1,497,538,000 | (41,422,000) | 1,456,116,000 |
Columbia Acorn International® | 2,781,946,000 | 1,354,532,000 | (163,372,000) | 1,191,160,000 |
Columbia Acorn USA® | 268,143,000 | 90,861,000 | (6,112,000) | 84,749,000 |
Columbia Acorn International SelectSM | 88,853,000 | 33,469,000 | (2,501,000) | 30,968,000 |
Columbia Acorn SelectSM | 226,025,000 | 85,132,000 | (4,341,000) | 80,791,000 |
Columbia Thermostat FundSM | 735,224,000 | 17,820,000 | (6,936,000) | 10,884,000 |
Columbia Acorn Emerging Markets FundSM | 76,083,000 | 19,693,000 | (7,091,000) | 12,602,000 |
Columbia Acorn European FundSM | 93,266,000 | 24,517,000 | (3,806,000) | 20,711,000 |
Fund | 2018 ($) | 2019 ($) | No expiration short-term ($) | No expiration long-term ($) | Total ($) |
Columbia Acorn International SelectSM | — | — | 6,453,644 | — | 6,453,644 |
Columbia Acorn Emerging Markets FundSM | — | — | 44,045,008 | 37,169,770 | 81,214,778 |
Columbia Acorn European FundSM | — | — | 5,685,111 | 2,064,121 | 7,749,232 |
Fund | Late year ordinary losses ($) | Post-October capital losses ($) |
Columbia Acorn Emerging Markets FundSM | 57,729 | — |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 139 |
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June 30, 2018 (Unaudited)
Purchases ($) | Proceeds from sales ($) | |
Columbia Acorn® Fund | 1,246,291,998 | 1,734,478,065 |
Columbia Acorn International® | 612,908,304 | 1,556,288,509 |
Columbia Acorn USA® | 114,587,042 | 153,673,591 |
Columbia Acorn International SelectSM | 28,141,887 | 39,937,470 |
Columbia Acorn SelectSM | 95,741,924 | 118,003,578 |
Columbia Thermostat FundSM | 618,002,879 | 725,482,615 |
Columbia Acorn Emerging Markets FundSM | 26,141,993 | 38,446,698 |
Columbia Acorn European FundSM | 27,095,644 | 13,862,820 |
140 | Columbia Acorn Family of Funds | Semiannual Report 2018 |
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June 30, 2018 (Unaudited)
Fund | Number of unaffiliated accounts | Percentage of shares outstanding held — unaffiliated (%) | Percentage of shares outstanding held — affiliated (%) |
Columbia Acorn® Fund | 1 | 10.1 | — |
Columbia Acorn International® | 1 | 14.8 | — |
Columbia Acorn USA® | 1 | 25.5 | — |
Columbia Acorn International SelectSM | 1 | 13.5 | 18.0 |
Columbia Acorn SelectSM | 1 | 20.0 | 12.6 |
Columbia Thermostat FundSM | 1 | 16.9 | 23.0 |
Columbia Acorn Emerging Markets FundSM | 1 | 12.3 | 30.9 |
Columbia Acorn European FundSM | 3 | 33.8 | 30.3 |
Columbia Acorn Family of Funds | Semiannual Report 2018 | 141 |
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as of June 30, 2018
Columbia Acorn® Fund | Class A | Class AD | 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) | 0.22% | 0.22% | 0.22% | 0.22% | 0.16% | 0.10% | 0.22% | |||||||||
Net expense ratio | 1.24% | 0.99% | 1.99% | 0.99% | 0.93% | 0.87% | 1.49% | |||||||||
Columbia Acorn USA® | ||||||||||||||||
Investment advisory fee | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% | ||||||||||
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% | 0.18% | 0.13% | ||||||||||
Net expense ratio | 1.43% | 1.18% | 2.18% | 1.18% | 1.10% | 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% | 0.18% | 0.13% | ||||||||||
Net expense ratio | 1.40% | 1.15% | 2.15% | 1.15% | 1.07% | 1.02% | ||||||||||
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) | 0.25% | 0.25% | 0.25% | 0.25% | 0.19% | 0.14% | ||||||||||
Net expense ratio | 1.15% | 0.90% | 1.90% | 0.90% | 0.84% | 0.79% | ||||||||||
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% | 0.12% | 0.07% | ||||||||||
Net expense ratio (b) | 0.50% | 0.25% | 1.25% | 0.25% | 0.22% | 0.17% | ||||||||||
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) | 0.02% | 0.02% | 0.02% | 0.02% | -0.05% | -0.10% | ||||||||||
Net expense ratio | 1.51% | 1.26% | 2.26% | 1.26% | 1.19% | 1.14% | ||||||||||
Columbia Acorn European FundSM | ||||||||||||||||
Investment advisory fee | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% | ||||||||||
Distribution and/or service fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses (a) | 0.04% | 0.04% | 0.04% | 0.04% | -0.02% | -0.07% | ||||||||||
Net expense ratio | 1.44% | 1.19% | 2.19% | 1.19% | 1.13% | 1.08% |
(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 0.42% incurred by the Fund from the underlying portfolio funds in which it invests. |
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Item 2. Code of Ethics.
Not applicable for semiannual reports.
Item 3. Audit Committee Financial Expert.
Not applicable for semiannual reports.
Item 4. Principal Accountant Fees and Services.
Not applicable for semiannual reports.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments
(a) | The registrant’s “Schedule I – Investments in securities of unaffiliated issuers” (as set forth in 17 CFR 210.12-12) is included in Item 1 of this Form N-CSR. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive officer and principal financial officers, 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: Not applicable for semiannual reports.
(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/ Alan Berkshire | |
Alan Berkshire, President and Principal Executive Officer | ||
Date | August 17, 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/ Alan Berkshire | |
Alan Berkshire, President and Principal Executive Officer | ||
Date | August 17, 2018 | |
By (Signature and Title) | /s/ John M. Kunka | |
John M. Kunka, Treasurer and Principal Accounting and Financial Officer | ||
Date | August 17, 2018 |