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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORMN-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number811-01829
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: December 31, 2018
FormN-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 Rule30e-1 under the Investment Company Act of 1940 (17 CFR270.30e-1). The Commission may use the information provided on FormN-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by FormN-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in FormN-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
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Item 1. Reports to Stockholders.
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December 31, 2018
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Columbia Acorn® Fund
Average annual total returns (%) (for the period ended December 31, 2018) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | -5.22 | 5.15 | 12.62 | 13.55 |
Including sales charges | -10.68 | 3.92 | 11.96 | 13.41 | ||
Advisor Class | 11/08/12 | -5.00 | 5.38 | 12.90 | 13.90 | |
Class C | Excluding sales charges | 10/16/00 | -5.86 | 4.39 | 11.79 | 12.69 |
Including sales charges | -6.58 | 4.39 | 11.79 | 12.69 | ||
Institutional Class | 06/10/70 | -5.09 | 5.42 | 12.93 | 13.91 | |
Institutional 2 Class | 11/08/12 | -5.00 | 5.45 | 12.95 | 13.91 | |
Institutional 3 Class | 11/08/12 | -4.98 | 5.51 | 12.99 | 13.92 | |
Russell 2500 Growth Index | -7.47 | 6.19 | 14.76 | - |
Columbia Acorn Family of Funds | Annual Report 2018 | 3 |
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Columbia Acorn® Fund
Top ten holdings (%) (at December 31, 2018) | |
Old Dominion Freight Line, Inc. Inter-regional and multi-regional motor carrier | 1.9 |
Pool Corp. Swimming pool supplies, equipment and leisure products | 1.6 |
Toro Co. (The) Turf equipment | 1.6 |
Jones Lang LaSalle, Inc. Real estate and investment management services | 1.6 |
EPAM Systems, Inc. Provides software development, outsourcing services, e-business, enterprise relationship management and content management solutions | 1.5 |
Texas Roadhouse, Inc. Moderately priced, full service restaurant chain | 1.4 |
Masimo Corp. Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 1.4 |
Inter Parfums, Inc. Fragrances and related products | 1.3 |
Chemed Corp. Hospice and palliative care services | 1.3 |
Booz Allen Hamilton Holdings Corp. Technology consulting services to the U.S. government in the defense, intelligence, and civil markets | 1.2 |
Portfolio breakdown (%) (at December 31, 2018) | |
Common Stocks | 98.5 |
Money Market Funds | 1.1 |
Securities Lending Collateral | 0.4 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2018) | |
Communication Services | 0.8 |
Consumer Discretionary | 21.2 |
Consumer Staples | 2.8 |
Energy | 1.5 |
Financials | 9.4 |
Health Care | 20.1 |
Industrials | 16.7 |
Information Technology | 20.2 |
Materials | 3.2 |
Real Estate | 4.1 |
Total | 100.0 |
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Columbia Acorn® Fund
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Columbia Acorn® Fund
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Columbia Acorn International®
Average annual total returns (%) (for the period ended December 31, 2018) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | -16.13 | 0.26 | 8.95 | 9.04 |
Including sales charges | -20.96 | -0.92 | 8.31 | 8.80 | ||
Advisor Class | 11/08/12 | -15.90 | 0.47 | 9.26 | 9.43 | |
Class C | Excluding sales charges | 10/16/00 | -16.76 | -0.49 | 8.13 | 8.23 |
Including sales charges | -17.38 | -0.49 | 8.13 | 8.23 | ||
Institutional Class | 09/23/92 | -15.93 | 0.52 | 9.28 | 9.44 | |
Institutional 2 Class | 08/02/11 | -15.85 | 0.57 | 9.31 | 9.44 | |
Institutional 3 Class | 11/08/12 | -15.82 | 0.62 | 9.35 | 9.46 | |
Class R | 08/02/11 | -16.32 | -0.06 | 8.62 | 8.76 | |
MSCI ACWI ex USA SMID Cap Index (Net) | -17.06 | 1.75 | 8.84 | - | ||
MSCI ACWI ex USA SMID Cap Growth Index (Net) | -17.28 | 2.09 | 8.72 | - |
Columbia Acorn Family of Funds | Annual Report 2018 | 7 |
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Columbia Acorn International®
Top ten holdings (%) (at December 31, 2018) | |
SimCorp AS (Denmark) Global provider of highly specialised software for the investment management industry | 2.3 |
CCL Industries, Inc. (Canada) Manufacturing services and specialty packaging products for the non-durable consumer products market | 2.3 |
Brembo SpA (Italy) Braking systems and components | 2.2 |
Rentokil Initial PLC (United Kingdom) Fully integrated facilities management and essential support services | 2.1 |
Unibet Group PLC (Malta) Online gambling services | 2.1 |
Hexagon AB, Class B (Sweden) Design, measurement and visualisation technologies | 2.1 |
Grupo Aeroportuario del Sureste SAB de CV, ADR (Mexico) Operates airports in Mexico | 1.9 |
Hikari Tsushin, Inc. (Japan) Distribution network, telecommunication, office automation equipment, in-house products and individual insurance plans | 1.8 |
Rational AG (Germany) Food preparation appliances/processors and kitchen accessories | 1.8 |
Trelleborg AB, Class B (Sweden) Manufactures and distributes industrial products | 1.7 |
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Columbia Acorn International®
Equity sector breakdown (%) (at December 31, 2018) | |
Communication Services | 5.9 |
Consumer Discretionary | 14.8 |
Consumer Staples | 7.4 |
Energy | 1.0 |
Financials | 9.9 |
Health Care | 5.2 |
Industrials | 25.2 |
Information Technology | 16.7 |
Materials | 10.5 |
Real Estate | 3.4 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2018) | |
Australia | 3.1 |
Belgium | 0.3 |
Brazil | 2.1 |
Cambodia | 1.1 |
Canada | 6.4 |
China | 2.1 |
Denmark | 3.6 |
France | 0.5 |
Germany | 8.2 |
Hong Kong | 1.1 |
India | 2.4 |
Indonesia | 0.5 |
Ireland | 1.0 |
Italy | 3.9 |
Japan | 20.7 |
Malta | 2.1 |
Mexico | 1.9 |
Netherlands | 1.5 |
Norway | 0.4 |
Philippines | 0.5 |
Poland | 0.4 |
Russian Federation | 0.9 |
Singapore | 1.3 |
South Africa | 1.4 |
South Korea | 4.0 |
Spain | 1.3 |
Sweden | 4.4 |
Switzerland | 2.5 |
Taiwan | 3.0 |
Thailand | 0.4 |
United Kingdom | 14.5 |
United States(a) | 2.5 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
Columbia Acorn Family of Funds | Annual Report 2018 | 9 |
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Columbia Acorn International®
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Columbia Acorn International®
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Columbia Acorn USA®
Average annual total returns (%) (for the period ended December 31, 2018) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | -2.15 | 5.97 | 13.17 | 9.75 |
Including sales charges | -7.77 | 4.72 | 12.50 | 9.46 | ||
Advisor Class | 11/08/12 | -1.91 | 6.22 | 13.47 | 10.10 | |
Class C | Excluding sales charges | 10/16/00 | -2.92 | 5.22 | 12.35 | 8.95 |
Including sales charges | -3.61 | 5.22 | 12.35 | 8.95 | ||
Institutional Class | 09/04/96 | -1.98 | 6.22 | 13.46 | 10.10 | |
Institutional 2 Class | 11/08/12 | -1.89 | 6.32 | 13.52 | 10.12 | |
Institutional 3 Class | 11/08/12 | -1.86 | 6.37 | 13.56 | 10.14 | |
Russell 2000 Growth Index | -9.31 | 5.13 | 13.52 | - |
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Columbia Acorn USA®
Top ten holdings (%) (at December 31, 2018) | |
Unifirst Corp. Workplace uniforms and protective clothing | 1.9 |
CyberArk Software Ltd. IT security solutions | 1.8 |
Houlihan Lokey, Inc. Investment bank | 1.7 |
Inter Parfums, Inc. Fragrances and related products | 1.7 |
Chemed Corp. Hospice and palliative care services | 1.7 |
Cedar Fair LP Owns and operates amusement parks | 1.6 |
Dave & Buster’s Entertainment, Inc. Venues that combine dining and entertainment for adults and families | 1.6 |
Central Garden & Pet Co. Lawn, garden & pet supply products | 1.5 |
Dorman Products, Inc. Automotive products and home hardware | 1.5 |
Alteryx, Inc., Class A Data storage, retrieval, management, reporting, and analytics solutions | 1.5 |
Portfolio breakdown (%) (at December 31, 2018) | |
Common Stocks | 94.7 |
Limited Partnerships | 1.5 |
Money Market Funds | 2.3 |
Securities Lending Collateral | 1.5 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2018) | |
Communication Services | 0.8 |
Consumer Discretionary | 19.7 |
Consumer Staples | 6.3 |
Energy | 1.1 |
Financials | 13.3 |
Health Care | 20.1 |
Industrials | 11.2 |
Information Technology | 21.0 |
Materials | 2.6 |
Real Estate | 3.9 |
Total | 100.0 |
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Columbia Acorn USA®
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Columbia Acorn USA®
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Columbia Acorn International SelectSM
Average annual total returns (%) (for the period ended December 31, 2018) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | -12.46 | 1.86 | 8.15 | 7.58 |
Including sales charges | -17.49 | 0.66 | 7.51 | 7.27 | ||
Advisor Class | 11/08/12 | -12.26 | 2.12 | 8.47 | 7.92 | |
Class C | Excluding sales charges | 10/16/00 | -13.11 | 1.09 | 7.32 | 6.77 |
Including sales charges | -13.91 | 1.09 | 7.32 | 6.77 | ||
Institutional Class | 11/23/98 | -12.28 | 2.13 | 8.49 | 7.92 | |
Institutional 2 Class | 11/08/12 | -12.16 | 2.20 | 8.52 | 7.94 | |
Institutional 3 Class | 11/08/12 | -12.14 | 2.25 | 8.55 | 7.96 | |
MSCI ACWI ex USA Index (Net) | -14.20 | 0.68 | 6.57 | - | ||
MSCI ACWI ex USA Growth Index (Net) | -14.43 | 1.69 | 7.15 | - |
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Columbia Acorn International SelectSM
Top ten holdings (%) (at December 31, 2018) | |
Recruit Holdings Co., Ltd. (Japan) Information providing services in human resource, housing, bridal, travel, restaurants, beauty, automobiles, and education and more | 4.5 |
Koninklijke Philips NV (Netherlands) Health technology focused on improving people’s health | 4.4 |
Hexagon AB, Class B (Sweden) Design, measurement and visualisation technologies | 4.3 |
CCL Industries, Inc. (Canada) Manufacturing services and specialty packaging products for the non-durable consumer products market | 3.9 |
Novozymes AS, Class B (Denmark) Enzymes for industrial use | 3.9 |
MTU Aero Engines AG (Germany) Develops and manufactures engines and offers commercial engine services and support | 3.7 |
Korea Zinc Co. Ltd. (South Korea) Non-ferrous metal smelting | 3.7 |
New Oriental Education & Technology Group, Inc., ADR (China) Educational services | 3.5 |
Aeon Mall Co., Ltd. (Japan) Large-scale shopping malls | 3.3 |
Nemetschek SE (Germany) Standard software for designing, constructing and managing buildings and real estate | 3.3 |
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Columbia Acorn International SelectSM
Equity sector breakdown (%) (at December 31, 2018) | |
Communication Services | 9.3 |
Consumer Discretionary | 10.0 |
Consumer Staples | 2.2 |
Financials | 10.3 |
Health Care | 9.2 |
Industrials | 24.6 |
Information Technology | 15.4 |
Materials | 13.4 |
Real Estate | 5.6 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2018) | |
Australia | 1.9 |
Canada | 5.7 |
China | 5.6 |
Denmark | 3.7 |
France | 2.1 |
Germany | 11.9 |
India | 5.0 |
Italy | 4.5 |
Japan | 16.6 |
Mexico | 2.3 |
Netherlands | 6.4 |
Singapore | 2.2 |
South Africa | 2.0 |
South Korea | 5.5 |
Sweden | 6.2 |
Switzerland | 2.7 |
Taiwan | 1.8 |
United Kingdom | 10.7 |
United States(a) | 3.2 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
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Columbia Acorn International SelectSM
Columbia Acorn Family of Funds | Annual Report 2018 | 19 |
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Columbia Acorn International SelectSM
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Columbia Acorn SelectSM
Average annual total returns (%) (for the period ended December 31, 2018) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | -12.71 | 4.54 | 12.68 | 8.96 |
Including sales charges | -17.72 | 3.31 | 12.02 | 8.64 | ||
Advisor Class | 11/08/12 | -12.50 | 4.78 | 12.98 | 9.29 | |
Class C | Excluding sales charges | 10/16/00 | -13.32 | 3.76 | 11.83 | 8.15 |
Including sales charges | -13.94 | 3.76 | 11.83 | 8.15 | ||
Institutional Class | 11/23/98 | -12.45 | 4.82 | 13.00 | 9.30 | |
Institutional 2 Class | 11/08/12 | -12.46 | 4.86 | 13.03 | 9.31 | |
Institutional 3 Class | 11/08/12 | -12.31 | 4.93 | 13.08 | 9.33 | |
Russell 2500 Growth Index | -7.47 | 6.19 | 14.76 | - |
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Columbia Acorn SelectSM
Top ten holdings (%) (at December 31, 2018) | |
Masimo Corp. Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 6.0 |
GoDaddy, Inc., Class A Cloud-based web platform for small businesses, web design professionals and individuals | 5.4 |
ANSYS, Inc. Software solutions for design analysis and optimization | 5.4 |
JB Hunt Transport Services, Inc. Logistics services | 5.1 |
Encompass Health Corp. Inpatient rehabilitative healthcare services | 4.7 |
VeriSign, Inc. Domain names and Internet security services | 4.5 |
SVB Financial Group Holding company for Silicon Valley Bank | 4.5 |
Vail Resorts, Inc. Operates resorts globally | 4.5 |
LCI Industries Recreational vehicles and equipment | 4.4 |
LKQ Corp. Automotive products and services | 3.9 |
Portfolio breakdown (%) (at December 31, 2018) | |
Common Stocks | 95.8 |
Limited Partnerships | 1.8 |
Money Market Funds | 2.4 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2018) | |
Consumer Discretionary | 18.3 |
Financials | 14.2 |
Health Care | 20.0 |
Industrials | 10.8 |
Information Technology | 22.0 |
Materials | 7.4 |
Real Estate | 7.3 |
Total | 100.0 |
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Columbia Acorn SelectSM
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Columbia Acorn SelectSM
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Columbia Thermostat FundSM
Average annual total returns (%) (for the period ended December 31, 2018) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 03/03/03 | -0.13 | 2.95 | 8.76 | 6.38 |
Including sales charges | -5.86 | 1.74 | 8.12 | 5.99 | ||
Advisor Class | 11/08/12 | 0.12 | 3.22 | 9.03 | 6.64 | |
Class C | Excluding sales charges | 03/03/03 | -0.88 | 2.19 | 7.95 | 5.59 |
Including sales charges | -1.83 | 2.19 | 7.95 | 5.59 | ||
Institutional Class | 09/25/02 | 0.12 | 3.22 | 9.04 | 6.65 | |
Institutional 2 Class | 11/08/12 | 0.16 | 3.25 | 9.05 | 6.66 | |
Institutional 3 Class | 11/08/12 | 0.21 | 3.29 | 9.08 | 6.68 | |
Blended Benchmark | -1.90 | 5.65 | 8.46 | - | ||
S&P 500® Index | -4.38 | 8.49 | 13.12 | - | ||
Bloomberg Barclays U.S. Aggregate Bond Index | 0.01 | 2.52 | 3.48 | - |
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Columbia Thermostat FundSM
Portfolio breakdown (%) (at December 31, 2018) | |
Equity Funds | 13.8 |
Exchange-Traded Funds | 8.6 |
Fixed-Income Funds | 77.6 |
Total | 100.0 |
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Columbia Thermostat FundSM
• | On February 8, the S&P 500® Index fell below the 2,592 threshold, triggering a reallocation to 15% stocks and 85% bonds on February 9. |
• | On March 9, the S&P 500® Index rose above 2,592 and the Fund reallocated back to 10% stocks and 90% bonds on March 12. |
• | On May 1, the Fund reset its stock/bond allocation table in connection with the annual review called for by the prospectus. This annual reset caused the stock/bond allocation to move to 25% stocks and 75% bonds. |
• | On May 31, the S&P 500® Index rose above the 2,672 threshold, triggering a reallocation to 20% stocks and 80% bonds on June 1. |
• | On June 8, the S&P 500® Index rose above 2,779 and the Fund reallocated back to 15% stocks and 85% bonds on June 11. |
• | On July 11, the S&P 500® Index fell below the 2,779 threshold, triggering a reallocation to 20% stocks and 80% bonds on July 12. |
• | On August 10, the S&P 500® Index rose above 2,779 and the Fund reallocated to 15% stocks and 85% bonds on August 13. |
• | On August 27, the S&P 500® Index rose above 2,890 and the Fund reallocated to 10% stocks and 90% bonds on August 28. |
• | On October 5, the S&P 500® Index fell below 2,890 and the Fund reallocated back to 15% stocks and 85% bonds on October 8. |
• | On October 11, the S&P 500® Index fell below 2,779 and the Fund reallocated to 20% stocks and 80% bonds on October 12. |
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Columbia Thermostat FundSM
• | On October 24, the S&P 500® Index fell below 2,672 and the Fund reallocated to 25% stocks and 75% bonds on October 25. |
• | On November 26, the S&P 500® Index rose above 2,672 and the Fund reallocated back to 20% stocks and 80% bonds on November 27. |
• | On December 3, the S&P 500® Index rose above 2,779 and the Fund reallocated to 15% stocks and 85% bonds on December 4. |
Stock Funds | Weightings in category | 4th quarter performance | 1 year performance |
Columbia Large Cap Index Fund, Institutional 3 Class | 40% | -13.58% | -4.59% |
Columbia Acorn Fund®, Institutional 3 Class | 10% | -19.74% | -4.98% |
Columbia Acorn International®, Institutional 3 Class | 10% | -15.67% | -15.82% |
Columbia Acorn SelectSM, Institutional 3 Class | 10% | -21.93% | -12.31% |
Columbia Contrarian Core Fund, Institutional 3 Class | 10% | -14.78% | -8.81% |
Columbia Dividend Income Fund, Institutional 3 Class | 10% | -9.64% | -4.28% |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class | 10% | -14.11% | -4.68% |
Weighted Average Equity Gain/Loss | 100% | -15.03% | -6.50% |
Bond Funds | Weightings in category | 4th quarter performance | 1 year performance |
Columbia U.S. Treasury Index Fund, Institutional 3 Class | 35% | 2.50% | 0.69% |
Columbia Short Term Bond Fund, Institutional 3 Class | 25% | 0.32% | 0.76% |
Columbia Quality Income Fund, Institutional 3 Class | 20% | 2.42% | 2.11% |
Columbia Corporate Income Fund, Institutional 3 Class | 10% | -1.55% | -3.48% |
Columbia Diversified Fixed Income Allocation ETF | 10% | -0.17% | -1.53% |
Weighted Average Income Gain/Loss | 100% | 1.26% | 0.59% |
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Columbia Acorn Emerging Markets FundSM
Average annual total returns (%) (for the period ended December 31, 2018) | |||||
Inception | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 08/19/11 | -17.58 | -3.43 | 1.76 |
Including sales charges | -22.33 | -4.57 | 0.95 | ||
Advisor Class | 11/08/12 | -17.39 | -3.18 | 2.07 | |
Class C | Excluding sales charges | 08/19/11 | -18.20 | -4.15 | 1.02 |
Including sales charges | -19.01 | -4.15 | 1.02 | ||
Institutional Class | 08/19/11 | -17.28 | -3.17 | 2.05 | |
Institutional 2 Class | 11/08/12 | -17.24 | -3.10 | 2.12 | |
Institutional 3 Class | 06/13/13 | -17.27 | -3.06 | 2.15 | |
MSCI Emerging Markets SMID Cap Index (Net) | -15.83 | 0.87 | - |
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Columbia Acorn Emerging Markets FundSM
Top ten holdings (%) (at December 31, 2018) | |
Korea Zinc Co. Ltd. (South Korea) Non-ferrous metal smelting | 4.1 |
Zee Entertainment Enterprises Ltd. (India) Hindi films, serials, game shows and children’s programs | 3.7 |
Korea Investment Holdings Co., Ltd. (South Korea) Financial holding company | 3.6 |
Vitasoy International Holdings Ltd. (Hong Kong) Food and beverages | 3.4 |
Koh Young Technology, Inc. (South Korea) 3D measurement and inspection equipment for testing various machineries | 3.3 |
PSG Group Ltd. (South Africa) Diversified financial services | 3.2 |
GS Retail Co., Ltd. (South Korea) Chain of retail stores | 3.1 |
Sinbon Electronics Co., Ltd. (Taiwan) Cable, connectors & modems | 3.0 |
NagaCorp Ltd. (Cambodia) Leisure and tourism company | 3.0 |
Modetour Network, Inc. (South Korea) Travel services | 2.9 |
Equity sector breakdown (%) (at December 31, 2018) | |
Communication Services | 7.0 |
Consumer Discretionary | 20.8 |
Consumer Staples | 11.2 |
Financials | 26.6 |
Health Care | 2.2 |
Industrials | 9.9 |
Information Technology | 15.2 |
Materials | 6.5 |
Real Estate | 0.6 |
Total | 100.0 |
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Columbia Acorn Emerging Markets FundSM
Country breakdown (%) (at December 31, 2018) | |
Brazil | 7.9 |
Cambodia | 2.9 |
China | 6.4 |
Egypt | 1.3 |
Hong Kong | 5.8 |
India | 10.7 |
Indonesia | 4.7 |
Japan | 1.3 |
Malaysia | 1.1 |
Mexico | 3.5 |
Philippines | 2.4 |
Poland | 1.0 |
Russian Federation | 1.7 |
South Africa | 7.8 |
South Korea | 16.6 |
Taiwan | 16.5 |
Thailand | 4.0 |
Turkey | 1.1 |
United Kingdom | 1.4 |
United States(a) | 1.9 |
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
Average annual total returns (%) (for the period ended December 31, 2018) | |||||
Inception | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 08/19/11 | -18.78 | 0.76 | 7.08 |
Including sales charges | -23.46 | -0.43 | 6.22 | ||
Advisor Class | 06/25/14 | -18.53 | 1.04 | 7.37 | |
Class C | Excluding sales charges | 08/19/11 | -19.34 | 0.04 | 6.30 |
Including sales charges | -20.15 | 0.04 | 6.30 | ||
Institutional Class | 08/19/11 | -18.57 | 1.02 | 7.35 | |
Institutional 2 Class | 11/08/12 | -18.44 | 1.07 | 7.38 | |
Institutional 3 Class | 03/01/17 | -18.51 | 1.05 | 7.37 | |
MSCI AC Europe Small Cap Index (Net) | -20.10 | 1.83 | - |
34 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn European FundSM
Top ten holdings (%) (at December 31, 2018) | |
Nemetschek SE (Germany) Standard software for designing, constructing and managing buildings and real estate | 3.5 |
Rational AG (Germany) Food preparation appliances/processors and kitchen accessories | 3.5 |
Halma PLC (United Kingdom) Products that detect hazards and protect assets and people in public and commercial buildings | 3.4 |
Rentokil Initial PLC (United Kingdom) Fully integrated facilities management and essential support services | 3.3 |
Sectra AB, Class B (Sweden) Medical and communication systems | 3.3 |
Sweco AB, Class B (Sweden) Consulting company specializing in engineering, environmental technology, and architecture | 3.3 |
Wirecard AG (Germany) Internet payment and processing services | 3.3 |
MTU Aero Engines AG (Germany) Develops and manufactures engines and offers commercial engine services and support | 3.2 |
Spirax-Sarco Engineering PLC (United Kingdom) Consultation, service and products for the control and efficient management of steam and industrial fluids | 3.0 |
Unibet Group PLC (Malta) Online gambling services | 3.0 |
Columbia Acorn Family of Funds | Annual Report 2018 | 35 |
Table of Contents
Columbia Acorn European FundSM
Equity sector breakdown (%) (at December 31, 2018) | |
Communication Services | 5.7 |
Consumer Discretionary | 11.4 |
Consumer Staples | 1.5 |
Financials | 10.0 |
Health Care | 10.1 |
Industrials | 35.3 |
Information Technology | 22.7 |
Materials | 1.4 |
Real Estate | 1.9 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2018) | |
Belgium | 1.4 |
Denmark | 4.2 |
France | 1.8 |
Germany | 22.1 |
Ireland | 2.2 |
Italy | 6.9 |
Malta | 3.0 |
Netherlands | 1.7 |
Norway | 2.4 |
Poland | 1.0 |
Russian Federation | 1.0 |
Spain | 3.8 |
Sweden | 14.0 |
Switzerland | 9.3 |
Turkey | 0.7 |
United Kingdom | 24.3 |
United States(a) | 0.2 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
36 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn European FundSM
Columbia Acorn Family of Funds | Annual Report 2018 | 37 |
Table of Contents
Columbia Acorn European FundSM
38 | Columbia Acorn Family of Funds | Annual Report 2018 |
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 | None | 1.10962 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Advisor Class | None | None | 1.10962 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Class C | None | None | 1.10962 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Institutional Class | None | None | 1.10962 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Institutional 2 Class | None | None | 1.10962 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Institutional 3 Class | None | None | 1.10962 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Columbia Acorn International® | ||||||
Class A | 0.04809 | None | 8.18055 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Advisor Class | 0.16183 | None | 8.18055 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Class C | None | None | 8.18055 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Institutional Class | 0.16183 | None | 8.18055 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Institutional 2 Class | 0.18913 | None | 8.18055 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Institutional 3 Class | 0.21188 | None | 8.18055 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Class R | None | None | 8.18055 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Columbia Acorn USA® | ||||||
Class A | None | 0.02122 | 1.59600 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Advisor Class | None | 0.06105 | 1.59600 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Class C | None | None | 1.59600 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Institutional Class | None | 0.06105 | 1.59600 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Institutional 2 Class | None | 0.07379 | 1.59600 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Institutional 3 Class | None | 0.08175 | 1.59600 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Columbia Acorn International SelectSM | ||||||
Class A | None | None | 1.85474 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Advisor Class | None | None | 1.85474 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Class C | None | None | 1.85474 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Institutional Class | None | None | 1.85474 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Institutional 2 Class | None | None | 1.85474 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Institutional 3 Class | None | None | 1.85474 | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Columbia Acorn SelectSM | ||||||
Class A | None | 0.11555 | 1.43219 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Advisor Class | None | 0.11555 | 1.43219 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Class C | None | 0.11555 | 1.43219 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Institutional Class | None | 0.11555 | 1.43219 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Institutional 2 Class | None | 0.11555 | 1.43219 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Institutional 3 Class | None | 0.11555 | 1.43219 | 12/10/2018 | 12/11/2018 | 12/11/2018 |
Columbia Thermostat FundSM | ||||||
Class A | 0.25408 | 0.10241 | 0.19687 | 12/20/2018 | 12/21/2018 | 12/21/2018 |
Advisor Class | 0.29031 | 0.10241 | 0.19687 | 12/20/2018 | 12/21/2018 | 12/21/2018 |
Class C | 0.14539 | 0.10241 | 0.19687 | 12/20/2018 | 12/21/2018 | 12/21/2018 |
Institutional Class | 0.29031 | 0.10241 | 0.19687 | 12/20/2018 | 12/21/2018 | 12/21/2018 |
Institutional 2 Class | 0.29610 | 0.10241 | 0.19687 | 12/20/2018 | 12/21/2018 | 12/21/2018 |
Institutional 3 Class | 0.30335 | 0.10241 | 0.19687 | 12/20/2018 | 12/21/2018 | 12/21/2018 |
Columbia Acorn Family of Funds | Annual Report 2018 | 39 |
Table of Contents
Fund | Ordinary income | Short-term capital gain | Long-term capital gain | Record date | Ex-dividend date | Payable date |
Columbia Acorn Emerging Markets FundSM | ||||||
Class A | 0.17166 | None | None | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Advisor Class | 0.20305 | None | None | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Class C | 0.07750 | None | None | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Institutional Class | 0.20305 | None | None | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Institutional 2 Class | 0.21184 | None | None | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Institutional 3 Class | 0.21812 | None | None | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Columbia Acorn European FundSM | ||||||
Class A | None | None | None | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Advisor Class | None | None | None | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Class C | None | None | None | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Institutional Class | None | None | None | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Institutional 2 Class | None | None | None | 12/17/2018 | 12/18/2018 | 12/18/2018 |
Institutional 3 Class | None | None | None | 12/17/2018 | 12/18/2018 | 12/18/2018 |
40 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
(Unaudited)
July 1, 2018 — December 31, 2018 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Columbia Acorn® Fund | |||||||
Class A | 1,000.00 | 1,000.00 | 860.00 | 1,019.92 | 5.04 | 5.48 | 1.07 |
Advisor Class | 1,000.00 | 1,000.00 | 860.70 | 1,021.19 | 3.87 | 4.20 | 0.82 |
Class C | 1,000.00 | 1,000.00 | 857.20 | 1,016.12 | 8.57 | 9.30 | 1.82 |
Institutional Class | 1,000.00 | 1,000.00 | 860.40 | 1,021.19 | 3.87 | 4.20 | 0.82 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 860.80 | 1,021.29 | 3.77 | 4.10 | 0.80 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 860.80 | 1,021.54 | 3.54 | 3.84 | 0.75 |
Columbia Acorn Family of Funds | Annual Report 2018 | 41 |
Table of Contents
(Unaudited)
July 1, 2018 — December 31, 2018 | |||||||
Account value at the beginning of the period ($) | 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 | 839.20 | 1,019.01 | 5.83 | 6.40 | 1.25 |
Advisor Class | 1,000.00 | 1,000.00 | 840.50 | 1,020.32 | 4.62 | 5.07 | 0.99 |
Class C | 1,000.00 | 1,000.00 | 836.00 | 1,015.21 | 9.31 | 10.21 | 2.00 |
Institutional Class | 1,000.00 | 1,000.00 | 840.20 | 1,020.27 | 4.66 | 5.12 | 1.00 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 840.50 | 1,020.58 | 4.38 | 4.81 | 0.94 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 840.70 | 1,020.83 | 4.15 | 4.56 | 0.89 |
Class R | 1,000.00 | 1,000.00 | 838.20 | 1,017.74 | 6.99 | 7.67 | 1.50 |
Columbia Acorn USA® | |||||||
Class A | 1,000.00 | 1,000.00 | 849.10 | 1,018.20 | 6.61 | 7.21 | 1.41 |
Advisor Class | 1,000.00 | 1,000.00 | 849.80 | 1,019.46 | 5.44 | 5.94 | 1.16 |
Class C | 1,000.00 | 1,000.00 | 845.80 | 1,014.39 | 10.10 | 11.03 | 2.16 |
Institutional Class | 1,000.00 | 1,000.00 | 849.60 | 1,019.46 | 5.44 | 5.94 | 1.16 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 849.90 | 1,019.87 | 5.06 | 5.53 | 1.08 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 850.00 | 1,020.12 | 4.83 | 5.27 | 1.03 |
Columbia Acorn International SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 859.90 | 1,018.25 | 6.60 | 7.16 | 1.40 |
Advisor Class | 1,000.00 | 1,000.00 | 861.10 | 1,019.51 | 5.42 | 5.89 | 1.15 |
Class C | 1,000.00 | 1,000.00 | 857.10 | 1,014.45 | 10.12 | 10.98 | 2.15 |
Institutional Class | 1,000.00 | 1,000.00 | 861.10 | 1,019.51 | 5.42 | 5.89 | 1.15 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 861.40 | 1,019.97 | 5.00 | 5.43 | 1.06 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 861.60 | 1,020.22 | 4.76 | 5.17 | 1.01 |
Columbia Acorn SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 822.20 | 1,019.56 | 5.26 | 5.83 | 1.14 |
Advisor Class | 1,000.00 | 1,000.00 | 823.50 | 1,020.83 | 4.11 | 4.56 | 0.89 |
Class C | 1,000.00 | 1,000.00 | 819.20 | 1,015.76 | 8.71 | 9.65 | 1.89 |
Institutional Class | 1,000.00 | 1,000.00 | 823.50 | 1,020.83 | 4.11 | 4.56 | 0.89 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 823.30 | 1,021.14 | 3.84 | 4.25 | 0.83 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 824.40 | 1,021.39 | 3.61 | 4.00 | 0.78 |
Columbia Acorn Emerging Markets FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 872.30 | 1,017.64 | 7.21 | 7.77 | 1.52 |
Advisor Class | 1,000.00 | 1,000.00 | 873.10 | 1,018.91 | 6.03 | 6.50 | 1.27 |
Class C | 1,000.00 | 1,000.00 | 869.10 | 1,013.84 | 10.75 | 11.59 | 2.27 |
Institutional Class | 1,000.00 | 1,000.00 | 873.90 | 1,018.91 | 6.03 | 6.50 | 1.27 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 873.90 | 1,019.31 | 5.65 | 6.09 | 1.19 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 873.40 | 1,019.56 | 5.41 | 5.83 | 1.14 |
Columbia Acorn European FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 807.50 | 1,017.99 | 6.64 | 7.42 | 1.45 |
Advisor Class | 1,000.00 | 1,000.00 | 808.70 | 1,019.26 | 5.50 | 6.14 | 1.20 |
Class C | 1,000.00 | 1,000.00 | 804.70 | 1,014.19 | 10.06 | 11.23 | 2.20 |
Institutional Class | 1,000.00 | 1,000.00 | 808.70 | 1,019.26 | 5.50 | 6.14 | 1.20 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 809.20 | 1,019.62 | 5.18 | 5.78 | 1.13 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 809.30 | 1,019.82 | 5.00 | 5.58 | 1.09(a) |
42 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
(Unaudited)
July 1, 2018 — December 31, 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 | 993.70 | 1,022.81 | 2.53 | 2.56 | 0.50 | 4.40 | 4.46 | 0.87 |
Advisor Class | 1,000.00 | 1,000.00 | 995.50 | 1,024.08 | 1.26 | 1.28 | 0.25 | 3.14 | 3.18 | 0.62 |
Class C | 1,000.00 | 1,000.00 | 991.00 | 1,019.01 | 6.31 | 6.40 | 1.25 | 8.17 | 8.29 | 1.62 |
Institutional Class | 1,000.00 | 1,000.00 | 995.40 | 1,024.08 | 1.26 | 1.28 | 0.25 | 3.14 | 3.18 | 0.62 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 995.90 | 1,024.33 | 1.01 | 1.03 | 0.20 | 2.88 | 2.92 | 0.57 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 996.40 | 1,024.58 | 0.76 | 0.77 | 0.15 | 2.63 | 2.67 | 0.52 |
Columbia Acorn Family of Funds | Annual Report 2018 | 43 |
Table of Contents
Columbia Acorn® Fund, December 31, 2018
Common Stocks 98.9% | ||
Issuer | Shares | Value ($) |
Communication Services 0.8% | ||
Media 0.8% | ||
Cable One, Inc. Cable company | 35,546 | 29,151,275 |
Total Communication Services | 29,151,275 | |
Consumer Discretionary 21.0% | ||
Auto Components 2.8% | ||
Dorman Products, Inc.(a) Automotive products and home hardware | 482,776 | 43,459,496 |
Gentex Corp. Products that use electro-optic technology | 1,142,654 | 23,093,037 |
LCI Industries Recreational vehicles and equipment | 309,638 | 20,683,819 |
Tenneco, Inc. Emission control and ride control products and systems | 656,316 | 17,976,495 |
Total | 105,212,847 | |
Distributors 1.6% | ||
Pool Corp. Swimming pool supplies, equipment and leisure products | 412,603 | 61,333,436 |
Diversified Consumer Services 3.7% | ||
Adtalem Global Education, Inc.(a) Higher education institutions | 651,126 | 30,811,282 |
Bright Horizons Family Solutions, Inc.(a) Child care and early education services | 405,058 | 45,143,714 |
Grand Canyon Education, Inc.(a) Online post secondary education | 482,511 | 46,388,608 |
Weight Watchers International, Inc.(a) Weight control programs | 507,140 | 19,550,247 |
Total | 141,893,851 | |
Hotels, Restaurants & Leisure 5.1% | ||
Dave & Buster’s Entertainment, Inc. Venues that combine dining and entertainment for adults and families | 668,512 | 29,788,895 |
Domino’s Pizza, Inc. Network of company-owned and franchise Domino’s Pizza stores | 91,833 | 22,773,665 |
Dunkin’ Brands Group, Inc. Quick service restaurants serving hot and cold coffee and baked goods | 471,539 | 30,235,081 |
Extended Stay America, Inc. Hotels and motels | 1,680,793 | 26,052,291 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Texas Roadhouse, Inc. Moderately priced, full service restaurant chain | 906,671 | 54,128,259 |
Vail Resorts, Inc. Operates resorts globally | 142,334 | 30,006,854 |
Total | 192,985,045 | |
Household Durables 2.3% | ||
Cavco Industries, Inc.(a) Designs and manufactures systems-built structures | 166,456 | 21,702,533 |
iRobot Corp.(a),(b) Manufactures robots for cleaning | 309,745 | 25,938,046 |
NVR, Inc.(a) Builds and markets homes and conducts mortgage banking activities | 16,440 | 40,064,116 |
Total | 87,704,695 | |
Internet & Direct Marketing Retail 2.1% | ||
Liberty Expedia Holdings, Inc., Class A(a) Tools and information to research, plan, book and experience travel | 765,000 | 29,919,150 |
Quotient Technology, Inc.(a) Operates a promotion platform | 2,037,710 | 21,762,743 |
Wayfair, Inc., Class A(a) Retails household goods online | 291,219 | 26,233,007 |
Total | 77,914,900 | |
Leisure Products 0.8% | ||
Brunswick Corp. Consumer products serving the outdoor and indoor active recreation markets | 680,497 | 31,609,086 |
Specialty Retail 1.7% | ||
Five Below, Inc.(a) Specialty value retailer | 186,284 | 19,060,579 |
Monro, Inc. Automotive undercar repair and tire services | 394,826 | 27,144,287 |
Tractor Supply Co. Retail farm store chain | 228,556 | 19,070,713 |
Total | 65,275,579 | |
Textiles, Apparel & Luxury Goods 0.9% | ||
Carter’s, Inc. Markets baby and young children’s apparel | 398,200 | 32,501,084 |
Total Consumer Discretionary | 796,430,523 |
44 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn® Fund, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Staples 2.8% | ||
Household Products 1.5% | ||
Central Garden & Pet Co.(a),(c) Lawn, garden & pet supply products | 683,522 | 23,547,333 |
WD-40 Co. Multi-purpose lubricant products and heavy-duty hand cleaners | 178,785 | 32,764,139 |
Total | 56,311,472 | |
Personal Products 1.3% | ||
Inter Parfums, Inc. Fragrances and related products | 745,630 | 48,890,959 |
Total Consumer Staples | 105,202,431 | |
Energy 1.4% | ||
Energy Equipment & Services 0.4% | ||
Core Laboratories NV Reservoir description, production enhancement, and reservoir management services | 256,000 | 15,272,960 |
Oil, Gas & Consumable Fuels 1.0% | ||
Diamondback Energy, Inc. Independent oil and natural gas company | 283,894 | 26,316,974 |
Parsley Energy, Inc., Class A(a) Oil and natural gas company | 875,000 | 13,982,500 |
Total | 40,299,474 | |
Total Energy | 55,572,434 | |
Financials 9.3% | ||
Banks 1.5% | ||
BOK Financial Corp. Multi-bank holding company | 539,361 | 39,551,342 |
SVB Financial Group(a) Holding company for Silicon Valley Bank | 94,722 | 17,989,603 |
Total | 57,540,945 | |
Capital Markets 6.2% | ||
Affiliated Managers Group, Inc. Global asset management company that invests in boutique investment management firms | 386,344 | 37,645,359 |
Ares Management Corp., Class A Asset management firm | 2,295,000 | 40,805,100 |
Eaton Vance Corp. Creates, markets, and manages mutual funds | 839,859 | 29,546,240 |
Factset Research Systems, Inc. Global economic and financial data to analysts, investment bankers, and financial professionals | 90,205 | 18,052,727 |
Houlihan Lokey, Inc. Investment bank | 630,844 | 23,215,059 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Lazard Ltd., Class A Corporate Advisory & Asset Management | 818,411 | 30,207,550 |
MarketAxess Holdings, Inc. Electronic, multi-dealer to client platform for bond trading | 119,765 | 25,307,542 |
Raymond James Financial, Inc. Financial services to individuals, corporations, and municipalities | 430,571 | 32,038,788 |
Total | 236,818,365 | |
Consumer Finance 0.7% | ||
Credit Acceptance Corp.(a) Funding, receivables management, collection, sales training, and related services to automobile dealers | 66,304 | 25,312,215 |
Insurance 0.9% | ||
Primerica, Inc. Distributes financial products to middle income households | 338,320 | 33,057,247 |
Total Financials | 352,728,772 | |
Health Care 19.9% | ||
Biotechnology 4.0% | ||
Agios Pharmaceuticals, Inc.(a) Therapeutics in the field of cancer metabolism | 470,809 | 21,709,003 |
Alkermes PLC(a) Develops treatments for central nervous system disorders | 735,000 | 21,689,850 |
Exact Sciences Corp.(a) Developing and commercializing a test for the early detection and prevention of colorectal cancer | 401,500 | 25,334,650 |
Ligand Pharmaceuticals, Inc.(a) Drugs that regulate hormone activated intracellular receptors | 242,158 | 32,860,841 |
Loxo Oncology, Inc.(a) Researches and develops cancer drugs | 187,805 | 26,305,846 |
Seattle Genetics, Inc.(a) Monoclonal antibody-based drugs to treat cancer and related diseases | 447,127 | 25,334,216 |
Total | 153,234,406 |
Columbia Acorn Family of Funds | Annual Report 2018 | 45 |
Table of Contents
Columbia Acorn® Fund, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Equipment & Supplies 6.4% | ||
AxoGen, Inc.(a) Technologies for peripheral nerve reconstruction and regeneration | 1,032,339 | 21,090,686 |
Haemonetics Corp.(a) Automated blood processing systems | 228,474 | 22,858,824 |
Insulet Corp.(a) Insulin infusion systems | 210,000 | 16,657,200 |
iRhythm Technologies, Inc.(a) Medical instruments | 525,987 | 36,545,577 |
LivaNova PLC(a) Medical technology focusing on neuromodulation, cardiac surgery and rhythm management | 253,377 | 23,176,394 |
Masimo Corp.(a) Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 490,627 | 52,678,621 |
Penumbra, Inc.(a) Peripheral vascular & neurovascular devices | 240,118 | 29,342,419 |
Tactile Systems Technology, Inc.(a) Technology for treating lymphedema, chronic swelling & venous ulcers | 475,273 | 21,648,685 |
Varian Medical Systems, Inc.(a) Medical equipment | 175,856 | 19,926,243 |
Total | 243,924,649 | |
Health Care Providers & Services 5.4% | ||
Amedisys, Inc.(a) Provider of alternate-site health care services | 131,053 | 15,347,617 |
AMN Healthcare Services, Inc.(a) Temporary healthcare staffing | 476,056 | 26,973,333 |
Chemed Corp. Hospice and palliative care services | 167,778 | 47,528,152 |
Encompass Health Corp. Inpatient rehabilitative healthcare services | 647,630 | 39,958,771 |
HealthEquity, Inc.(a) Technology-enabled services platforms for consumers to make healthcare saving and spending decisions | 255,855 | 15,261,751 |
LHC Group, Inc.(a) Post-acute healthcare services | 207,075 | 19,440,201 |
Premier, Inc.(a) Healthcare services | 1,074,376 | 40,127,943 |
Total | 204,637,768 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Technology 1.4% | ||
Evolent Health, Inc., Class A(a) Purpose-built platform enables providers to migrate their payment models | 909,064 | 18,135,827 |
Veeva Systems Inc., Class A(a) Cloud-based business services | 365,366 | 32,634,491 |
Total | 50,770,318 | |
Life Sciences Tools & Services 2.1% | ||
Bio-Techne Corp. Biotechnology products and clinical diagnostic controls | 238,311 | 34,488,368 |
Pra Health Sciences, Inc.(a) Global contract research organization | 490,930 | 45,145,923 |
Total | 79,634,291 | |
Pharmaceuticals 0.6% | ||
Jazz Pharmaceuticals PLC(a) Specialty biopharmaceuticals | 191,946 | 23,793,626 |
Total Health Care | 755,995,058 | |
Industrials 16.5% | ||
Aerospace & Defense 0.6% | ||
HEICO Corp., Class A Aerospace products and services | 367,072 | 23,125,536 |
Air Freight & Logistics 0.6% | ||
Expeditors International of Washington, Inc. Global logistics company | 318,502 | 21,686,801 |
Commercial Services & Supplies 1.2% | ||
Copart, Inc.(a) Services to process and sell salvage vehicles through auctions | 422,925 | 20,207,357 |
Unifirst Corp. Workplace uniforms and protective clothing | 193,302 | 27,655,717 |
Total | 47,863,074 |
46 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn® Fund, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Machinery 8.0% | ||
Gardner Denver Holdings, Inc.(a) Vacuum systems, bottle blowers, pumps and air & gas compressors | 1,818,560 | 37,189,552 |
Graco, Inc. Technology for the management of fluids in industrial and commercial applications | 893,030 | 37,373,306 |
ITT, Inc. Engineered components & customized technology solutions | 736,968 | 35,573,445 |
Nordson Corp. Systems that apply adhesives, sealants, and coatings to products during manufacturing | 277,134 | 33,075,943 |
Oshkosh Corp. Fire and emergency apparatuses and specialty commercial, and military trucks | 241,762 | 14,822,428 |
Toro Co. (The) Turf equipment | 1,094,231 | 61,145,628 |
WABCO Holdings, Inc.(a) Electronic braking, stability, suspension, and transmission control systems commercial vehicles | 371,655 | 39,893,448 |
Woodward, Inc. Energy control systems and components for aircraft, industrial engines and turbines | 605,374 | 44,973,234 |
Total | 304,046,984 | |
Professional Services 2.5% | ||
CoStar Group, Inc.(a) Provides building-specific information to the United States commercial real estate industry and related industries | 46,316 | 15,624,239 |
Exponent, Inc. Science and engineering consulting firm | 412,000 | 20,892,520 |
ICF International, Inc. Management, technology, policy consulting, and implementation services | 297,984 | 19,303,403 |
ManpowerGroup, Inc. Non-governmental employment services | 290,452 | 18,821,290 |
Robert Half International, Inc. Temporary and permanent staffing services | 357,119 | 20,427,207 |
Total | 95,068,659 | |
Road & Rail 2.3% | ||
JB Hunt Transport Services, Inc. Logistics services | 161,937 | 15,066,619 |
Old Dominion Freight Line, Inc. Inter-regional and multi-regional motor carrier | 581,778 | 71,843,765 |
Total | 86,910,384 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Trading Companies & Distributors 1.3% | ||
SiteOne Landscape Supply, Inc.(a) Landscape supplies | 349,614 | 19,323,166 |
Watsco, Inc. Air conditioning, heating, and refrigeration equipment | 221,628 | 30,837,320 |
Total | 50,160,486 | |
Total Industrials | 628,861,924 | |
Information Technology 20.0% | ||
Electronic Equipment, Instruments & Components 1.7% | ||
Cognex Corp. Machine vision systems | 407,000 | 15,738,690 |
Coherent, Inc.(a) Laser-based photonic products | 140,000 | 14,799,400 |
ePlus, Inc.(a) Provides IT hardware, software and services | 205,657 | 14,636,609 |
IPG Photonics Corp.(a) High-power fiber lasers and amplifiers | 168,125 | 19,046,881 |
Total | 64,221,580 | |
IT Services 4.6% | ||
Black Knight, Inc.(a) Integrated technology, work flow automation, data and analytic solutions | 832,215 | 37,499,608 |
Booz Allen Hamilton Holdings Corp. Technology consulting services to the U.S. government in the defense, intelligence, and civil markets | 1,030,728 | 46,454,911 |
Broadridge Financial Solutions, Inc. Technology-based outsourcing solutions to the financial services industry | 198,382 | 19,094,267 |
EPAM Systems, Inc.(a) Provides software development, outsourcing services, e-business, enterprise relationship management and content management solutions | 481,460 | 55,854,175 |
Science Applications International Corp. Scientific, Engineering and technology consulting services | 255,000 | 16,243,500 |
Total | 175,146,461 |
Columbia Acorn Family of Funds | Annual Report 2018 | 47 |
Table of Contents
Columbia Acorn® Fund, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Semiconductors & Semiconductor Equipment 4.0% | ||
Brooks Automation, Inc. Automation solutions for the global semiconductor and related industries | 626,080 | 16,390,774 |
Inphi Corp.(a) Analog semiconductor solutions | 765,916 | 24,624,199 |
MKS Instruments, Inc. Instruments and components used to control and analyze gases in semiconductor manufacturing | 392,824 | 25,380,359 |
Monolithic Power Systems, Inc. Power management solutions | 241,726 | 28,100,648 |
Semtech Corp.(a) Analog and mixed-signal semiconductors | 568,617 | 26,082,462 |
Teradyne, Inc. Semiconductor test products and services | 1,017,317 | 31,923,407 |
Total | 152,501,849 | |
Software 9.7% | ||
Alteryx, Inc., Class A(a) Data storage, retrieval, management, reporting, and analytics solutions | 435,444 | 25,895,855 |
ANSYS, Inc.(a) Software solutions for design analysis and optimization | 142,041 | 20,303,341 |
Blackline, Inc.(a) Develops and markets enterprise software | 497,540 | 20,374,263 |
Cadence Design Systems, Inc.(a) Software technology, design and consulting services and technology | 855,340 | 37,190,183 |
CyberArk Software Ltd.(a) IT security solutions | 339,075 | 25,139,020 |
Guidewire Software, Inc.(a) Enterprise software for the property and casualty insurance industry | 217,874 | 17,480,031 |
Mimecast Ltd.(a) Cloud security and risk management services for corporate information and email | 866,150 | 29,128,624 |
MINDBODY, Inc., Class A(a) Business management software | 554,360 | 20,178,704 |
Nutanix, Inc., Class A(a) Enterprise cloud platforms | 598,803 | 24,904,217 |
Paylocity Holding Corp.(a) Cloud-based payroll and human capital management | 332,000 | 19,989,720 |
Q2 Holdings, Inc.(a) Secure, cloud-based virtual banking solutions | 524,168 | 25,972,524 |
Qualys, Inc.(a) Information technology security risk and compliance management solutions | 570,134 | 42,611,815 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Synopsys, Inc.(a) Electronic design automation solutions | 189,948 | 16,001,220 |
Ultimate Software Group, Inc. (The)(a) Software solutions | 86,686 | 21,226,801 |
Zuora, Inc., Class A(a) Develops cloud based software | 1,125,000 | 20,407,500 |
Total | 366,803,818 | |
Total Information Technology | 758,673,708 | |
Materials 3.2% | ||
Chemicals 2.0% | ||
Celanese Corp., Class A Global integrated producer of chemicals and advanced materials | 261,463 | 23,523,826 |
Orion Engineered Carbons SA Global supplier of Carbon Black | 705,000 | 17,822,400 |
Quaker Chemical Corp. Custom-formulated chemical specialty products | 189,772 | 33,724,382 |
Total | 75,070,608 | |
Containers & Packaging 1.2% | ||
Avery Dennison Corp. Pressure-sensitive materials and a variety of tickets, tags and labels | 515,799 | 46,334,224 |
Total Materials | 121,404,832 | |
Real Estate 4.0% | ||
Equity Real Estate Investment Trusts (REITS) 2.0% | ||
Coresite Realty Corp. Develops, owns & operates data centers | 413,743 | 36,090,802 |
Lamar Advertising Co., Class A Outdoor advertising structures | 582,133 | 40,271,961 |
Total | 76,362,763 | |
Real Estate Management & Development 2.0% | ||
Colliers International Group, Inc. Commercial real estate, residential property management and property services | 331,000 | 18,218,240 |
Jones Lang LaSalle, Inc. Real estate and investment management services | 465,756 | 58,964,709 |
Total | 77,182,949 | |
Total Real Estate | 153,545,712 | |
Total Common Stocks (Cost: $3,182,316,690) | 3,757,566,669 | |
48 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn® Fund, December 31, 2018
Securities Lending Collateral 0.4% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 2.372%(d),(e) | 15,645,500 | 15,645,500 |
Total Securities Lending Collateral (Cost: $15,645,500) | 15,645,500 | |
Money Market Funds 1.1% | ||
Columbia Short-Term Cash Fund, 2.459%(c),(d) | 41,013,366 | 41,009,265 |
Total Money Market Funds (Cost: $41,009,265) | 41,009,265 | |
Total Investments in Securities (Cost $3,238,971,455) | 3,814,221,434 | |
Obligation to Return Collateral for Securities Loaned | (15,645,500) | |
Other Assets & Liabilities, Net | (210,879) | |
Net Assets | $3,798,365,055 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2018. The total market value of securities on loan at December 31, 2018 was $15,784,990. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2018 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Celldex Therapeutics, Inc† | ||||||||
8,126,489 | — | (8,126,489) | — | (17,193,753) | 1,501,758 | — | — | |
Central Garden & Pet Co.‡ | ||||||||
— | 876,522 | (193,000) | 683,522 | (1,317,892) | (2,815,890) | — | 23,547,333 | |
Columbia Short-Term Cash Fund, 2.459% | ||||||||
— | 911,010,611 | (869,997,245) | 41,013,366 | — | — | 626,471 | 41,009,265 | |
Total of Affiliated Transactions | (18,511,645) | (1,314,132) | 626,471 | 64,556,598 |
† | Issuer was not an affiliate at the end of period. |
‡ | Issuer was not an affiliate at the beginning of period. |
(d) | The rate shown is the seven-day current annualized yield at December 31, 2018. |
(e) | Investment made with cash collateral received from securities lending activity. |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Annual Report 2018 | 49 |
Table of Contents
Columbia Acorn® Fund, December 31, 2018
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Investments measured at net asset value ($) | Total ($) | |
Investments in Securities | |||||
Common Stocks | |||||
Communication Services | 29,151,275 | — | — | — | 29,151,275 |
Consumer Discretionary | 796,430,523 | — | — | — | 796,430,523 |
Consumer Staples | 105,202,431 | — | — | — | 105,202,431 |
Energy | 55,572,434 | — | — | — | 55,572,434 |
Financials | 352,728,772 | — | — | — | 352,728,772 |
Health Care | 755,995,058 | — | — | — | 755,995,058 |
Industrials | 628,861,924 | — | — | — | 628,861,924 |
Information Technology | 758,673,708 | — | — | — | 758,673,708 |
Materials | 121,404,832 | — | — | — | 121,404,832 |
Real Estate | 153,545,712 | — | — | — | 153,545,712 |
Total Common Stocks | 3,757,566,669 | — | — | — | 3,757,566,669 |
Securities Lending Collateral | 15,645,500 | — | — | — | 15,645,500 |
Money Market Funds | — | — | — | 41,009,265 | 41,009,265 |
Total Investments in Securities | 3,773,212,169 | — | — | 41,009,265 | 3,814,221,434 |
50 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn International®, December 31, 2018
Common Stocks 97.2% | ||
Issuer | Shares | Value ($) |
Australia 3.1% | ||
carsales.com Ltd. Automotive & related industry websites | 2,576,672 | 19,974,268 |
Costa Group Holdings Ltd. Fruits and vegetables | 3,284,000 | 17,175,174 |
DuluxGroup Ltd. Manufactures and supplies paints and other surface coatings | 5,257,000 | 24,294,526 |
National Storage REIT Owns self storage facilities | 14,039,881 | 17,357,982 |
Total | 78,801,950 | |
Belgium 0.3% | ||
Melexis NV Advanced integrated semiconductors, sensor ICs, and programmable sensor IC systems | 114,030 | 6,636,118 |
Brazil 2.0% | ||
CVC Brasil Operadora e Agencia de Viagens SA Travel services | 879,000 | 13,875,307 |
Localiza Rent a Car SA Rents automobiles | 1,907,100 | 14,638,773 |
Raia Drogasil SA Chain of pharmaceutical stores | 477,000 | 7,033,619 |
Sul America SA Full service insurance company | 2,200,900 | 16,240,919 |
Total | 51,788,618 | |
Cambodia 1.1% | ||
NagaCorp Ltd. Leisure and tourism company | 25,806,000 | 27,726,048 |
Canada 6.4% | ||
CAE, Inc. Training solutions based on simulation technology and integrated training services | 1,874,424 | 34,448,651 |
CCL Industries, Inc. Manufacturing services and specialty packaging products for the non-durable consumer products market | 1,527,489 | 56,010,914 |
CES Energy Solutions Corp. Oil and natural gas industry | 6,003,704 | 13,852,672 |
Osisko Gold Royalties Ltd. Precious metal royalty and stream company | 1,817,605 | 15,936,663 |
ShawCor Ltd. Energy services company | 920,156 | 11,175,056 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Winpak Ltd. Packaging materials and machines for the protection of perishables | 842,770 | 29,477,195 |
Total | 160,901,151 | |
China 2.1% | ||
51job, Inc., ADR(a) Integrated human resource services | 173,235 | 10,816,794 |
Minth Group Ltd. Exterior automobile body parts | 2,421,000 | 7,812,496 |
New Oriental Education & Technology Group, Inc., ADR(a) Educational services | 419,014 | 22,966,157 |
Shenzhou International Group Holdings Ltd. Manufactures and processes textiles | 1,005,000 | 11,422,682 |
Total | 53,018,129 | |
Denmark 3.5% | ||
Novozymes AS, Class B Enzymes for industrial use | 739,159 | 33,027,415 |
SimCorp AS Global provider of highly specialised software for the investment management industry | 818,342 | 56,122,928 |
Total | 89,150,343 | |
France 0.5% | ||
Akka Technologies High-technology engineering consulting services | 258,246 | 13,073,631 |
Germany 7.6% | ||
AURELIUS Equity Opportunities SE & Co. KGaA Loans to distressed companies | 209,007 | 7,599,336 |
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 202,357 | 36,748,361 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 238,010 | 26,183,973 |
Norma Group SE Plastic and metal-based components and systems in connecting technology | 408,568 | 20,255,094 |
Rational AG Food preparation appliances/processors and kitchen accessories | 77,835 | 44,230,076 |
Stroeer SE & Co. KGaA Digital multi-channel media company | 604,421 | 29,295,175 |
Columbia Acorn Family of Funds | Annual Report 2018 | 51 |
Table of Contents
Columbia Acorn International®, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Wirecard AG Internet payment and processing services | 179,230 | 27,019,321 |
Total | 191,331,336 | |
Hong Kong 1.1% | ||
Value Partners Group Ltd. Independent, value oriented asset management group | 21,941,000 | 15,234,813 |
Vitasoy International Holdings Ltd. Food and beverages | 3,312,000 | 12,607,708 |
Total | 27,842,521 | |
India 2.4% | ||
Cholamandalam Investment and Finance Co., Ltd. Financial services provider | 694,000 | 12,513,731 |
Havells India Ltd. Manufactures electrical products | 1,590,907 | 15,741,968 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 4,656,780 | 31,765,005 |
Total | 60,020,704 | |
Indonesia 0.5% | ||
PT Matahari Department Store Tbk Retail clothes, accessories, bags, shoes, cosmetics, household appliances, and management consulting services. | 30,711,200 | 11,953,196 |
Ireland 1.0% | ||
UDG Healthcare PLC Commercialisation solutions for health care companies | 3,459,938 | 26,341,261 |
Italy 3.9% | ||
Brembo SpA Braking systems and components | 5,385,271 | 54,960,935 |
Davide Campari-Milano SpA Global producer & distributor of branded spirits, wines and soft drinks | 3,165,856 | 26,809,712 |
Industria Macchine Automatiche SpA Packaging machinery for the food, pharmaceuticals, and cosmetics industries | 261,370 | 16,316,713 |
Total | 98,087,360 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Japan 20.5% | ||
Aeon Credit Service Co., Ltd. Credit card company | 1,113,000 | 19,745,555 |
Aeon Mall Co., Ltd. Large-scale shopping malls | 2,007,700 | 31,986,134 |
Aica Kogyo Co., Ltd. Manufactures adhesives, melamine boards, and housing materials | 320,000 | 10,700,317 |
Amano Corp. Electronic time recorders and information systems | 485,000 | 9,357,297 |
Azbil Corp. Provides measurement and control technologies | 1,238,440 | 24,476,264 |
cocokara fine, Inc. Drug chain stores | 390,200 | 19,006,593 |
Daiseki Co., Ltd. Waste Disposal & Recycling | 582,400 | 12,027,372 |
Disco Corp. Abrasive and precision industrial machinery for cutting and grinding purposes | 112,600 | 13,091,850 |
Fuji Oil Holdings, Inc. Specialty vegetable oils and fats | 640,800 | 20,456,369 |
Glory Ltd. Vending machines, coin-operated lockers, money handling machines, and data processing terminals | 995,400 | 22,384,674 |
Hikari Tsushin, Inc. Distribution network, telecommunication, office automation equipment, in-house products and individual insurance plans | 286,628 | 44,801,679 |
Hoshizaki Corp. Commercial Kitchen Equipment | 123,000 | 7,463,486 |
KH Neochem Co., Ltd. Manufactures and sells petroleum chemical products | 614,800 | 12,932,574 |
Mandom Corp. Cosmetic products for men and women | 827,200 | 22,537,886 |
Milbon Co., Ltd. Hair Products for Salons | 140,000 | 5,698,993 |
Miura Co., Ltd. Industrial boilers and related equipment | 564,400 | 12,820,025 |
Nakanishi, Inc. Dental Tools & Machinery | 490,000 | 8,355,528 |
Nissan Chemical Industries Ltd. Variety of chemical products | 257,300 | 13,426,672 |
Obic Co., Ltd. Computer system integration, office automation, consultation, and system support services | 334,500 | 25,819,554 |
Persol Holdings Co., Ltd. Human resource solutions | 1,162,200 | 17,239,450 |
52 | Columbia Acorn Family of Funds | Annual Report 2018 |
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Columbia Acorn International®, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Santen Pharmaceutical Co., Ltd. Ophthalmic medicine | 1,656,500 | 23,900,416 |
SCSK Corp. IT services | 410,900 | 14,559,666 |
Sekisui Chemical Co., Ltd. Unit residential houses in addition to parcels of land | 1,763,000 | 26,208,123 |
Seria Co., Ltd.(b) Operates 100 yen chain stores | 1,201,100 | 40,846,722 |
Sohgo Security Services Co., Ltd. Around the clock security services | 451,400 | 21,090,612 |
Sony Financial Holdings, Inc. Financial holding company | 459,000 | 8,554,196 |
TechnoPro Holdings, Inc. Medical & electronic design and IT & software development | 176,000 | 7,230,466 |
Ushio, Inc. Lamps and optical equipment | 1,174,000 | 12,437,849 |
Valqua Ltd. Rubber, fiber and resin products | 396,000 | 7,959,653 |
Total | 517,115,975 | |
Malta 2.1% | ||
Unibet Group PLC Online gambling services | 5,676,638 | 52,183,641 |
Mexico 1.9% | ||
Grupo Aeroportuario del Sureste SAB de CV, ADR Operates airports in Mexico | 311,000 | 46,836,600 |
Netherlands 1.5% | ||
Aalberts Industries NV Industrial services and flow control systems | 1,140,709 | 37,938,182 |
Norway 0.4% | ||
Atea ASA Nordic and Baltic supplier of IT infrastructure | 738,000 | 9,490,714 |
Philippines 0.5% | ||
Universal Robina Corp. Branded consumer foods | 5,173,340 | 12,465,559 |
Poland 0.4% | ||
KRUK SA Debt collection services | 214,000 | 8,970,233 |
Russian Federation 0.9% | ||
TCS Group Holding PLC, GDR Online retail financial services | 1,430,130 | 22,252,823 |
Singapore 1.3% |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Mapletree Commercial Trust Singapore-focused real estate investment trust | 13,953,300 | 16,883,488 |
Singapore Exchange Singapore’s Securities and derivatives exchange and clearing houses | 3,156,000 | 16,540,003 |
Total | 33,423,491 | |
South Africa 1.4% | ||
Clicks Group Ltd. Owns and operates chains of retail stores | 596,748 | 7,933,418 |
PSG Group Ltd. Diversified financial services | 1,579,507 | 26,782,450 |
Total | 34,715,868 | |
South Korea 3.9% | ||
GS Retail Co., Ltd. Chain of retail stores | 465,563 | 16,871,999 |
Koh Young Technology, Inc. 3D measurement and inspection equipment for testing various machineries | 318,715 | 23,595,451 |
Korea Investment Holdings Co., Ltd. Financial holding company | 319,916 | 17,109,841 |
Korea Zinc Co. Ltd. Non-ferrous metal smelting | 96,746 | 37,460,732 |
Modetour Network, Inc. Travel services | 180,585 | 3,897,762 |
Total | 98,935,785 | |
Spain 1.3% | ||
Fluidra SA(a) Irrigation and swimming pool equipment | 730,694 | 8,196,113 |
Prosegur Cia de Seguridad SA, Registered Shares Security and transportation services | 4,818,009 | 24,382,325 |
Total | 32,578,438 | |
Sweden 4.3% | ||
Hexagon AB, Class B Design, measurement and visualisation technologies | 1,110,108 | 51,317,572 |
Sweco AB, Class B Consulting company specializing in engineering, environmental technology, and architecture | 744,328 | 16,573,033 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 2,611,927 | 41,152,561 |
Total | 109,043,166 |
Columbia Acorn Family of Funds | Annual Report 2018 | 53 |
Table of Contents
Columbia Acorn International®, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Switzerland 2.4% | ||
Belimo Holding AG, Registered Shares Manufactures heating, ventilation and air conditioning equipment | 2,200 | 8,824,354 |
Bossard Holding AG, Class A, Registered Shares Fastening devices, industrial adhesives & tools | 62,500 | 8,921,647 |
Inficon Holding AG Vacuum instruments used to monitor and control production processes | 18,750 | 9,506,290 |
Kardex AG Storage, warehouse and materials handling systems | 72,000 | 8,325,455 |
Partners Group Holding AG(b) Global private markets asset management firm | 43,073 | 26,203,315 |
Total | 61,781,061 | |
Taiwan 2.9% | ||
Gourmet Master Co., Ltd. Coffee & bakery cafes | 1,495,656 | 10,013,640 |
Parade Technologies Ltd. Fabless semiconductor company | 1,502,000 | 21,126,495 |
Silergy Corp. High performance analog integrated circuits | 1,071,000 | 15,760,491 |
Silicon Motion Technology Corp., ADR Semiconductor products | 322,703 | 11,133,254 |
Sinbon Electronics Co., Ltd. Cable, connectors & modems | 5,946,000 | 16,016,985 |
Total | 74,050,865 | |
Thailand 0.4% | ||
Muangthai Capital PCL, Foreign Registered Shares Commercial lending company | 7,444,200 | 11,218,899 |
United Kingdom 14.3% | ||
Ascential PLC Media and consultancy services | 5,036,056 | 24,199,406 |
Croda International PLC Chemicals and chemical products | 492,098 | 29,388,541 |
Dechra Pharmaceuticals PLC International veterinary pharmaceuticals | 783,027 | 20,688,439 |
Domino’s Pizza Group PLC Pizza delivery stores | 2,441,242 | 7,255,473 |
GW Pharmaceuticals PLC, ADR(a) Cannabinoid prescription medicines | 195,000 | 18,991,050 |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 2,166,921 | 37,748,700 |
Intermediate Capital Group PLC Private equity firm | 2,995,287 | 35,728,434 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Renishaw PLC High technology precision measuring and calibration equipment | 235,000 | 12,723,431 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 12,190,346 | 52,442,835 |
Rightmove PLC Website that lists properties across Britain | 7,174,517 | 39,539,447 |
Safestore Holdings PLC Self storage facilities | 2,605,580 | 16,821,228 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 478,199 | 38,062,673 |
WH Smith PLC Retails books, magazines, newspapers, and periodicals | 1,309,564 | 28,727,345 |
Total | 362,317,002 | |
United States 1.3% | ||
Inter Parfums, Inc. Fragrances and related products | 210,851 | 13,825,500 |
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 430,153 | 18,703,053 |
Total | 32,528,553 | |
Total Common Stocks (Cost: $2,049,675,096) | 2,454,519,221 |
Preferred Stocks 0.5% | |||
Issuer | Shares | Value ($) | |
Germany 0.5% | |||
Sartorius AG Precision electronic equipment and components | 99,747 | 12,414,214 | |
Total Preferred Stocks (Cost: $9,748,894) | 12,414,214 |
54 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn International®, December 31, 2018
Securities Lending Collateral 1.2% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 2.372%(c),(d) | 30,272,040 | 30,272,040 |
Total Securities Lending Collateral (Cost: $30,272,040) | 30,272,040 | |
Total Investments in Securities(e) (Cost: $2,089,696,030) | 2,497,205,475 | |
Obligation to Return Collateral for Securities Loaned | (30,272,040) | |
Other Assets & Liabilities, Net | 58,497,908 | |
Net Assets | $2,525,431,343 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2018. The total market value of securities on loan at December 31, 2018 was $29,435,320. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2018. |
(d) | Investment made with cash collateral received from securities lending activity. |
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2018 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.459% | ||||||||
— | 586,517,692 | (586,517,692) | — | — | — | 536,387 | — |
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 | Annual Report 2018 | 55 |
Table of Contents
Columbia Acorn International®, December 31, 2018
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 | — | 78,801,950 | — | 78,801,950 |
Belgium | — | 6,636,118 | — | 6,636,118 |
Brazil | 51,788,618 | — | — | 51,788,618 |
Cambodia | — | 27,726,048 | — | 27,726,048 |
Canada | 160,901,151 | — | — | 160,901,151 |
China | 33,782,951 | 19,235,178 | — | 53,018,129 |
Denmark | — | 89,150,343 | — | 89,150,343 |
France | — | 13,073,631 | — | 13,073,631 |
Germany | — | 191,331,336 | — | 191,331,336 |
Hong Kong | — | 27,842,521 | — | 27,842,521 |
India | — | 60,020,704 | — | 60,020,704 |
Indonesia | — | 11,953,196 | — | 11,953,196 |
Ireland | — | 26,341,261 | — | 26,341,261 |
Italy | — | 98,087,360 | — | 98,087,360 |
Japan | — | 517,115,975 | — | 517,115,975 |
Malta | — | 52,183,641 | — | 52,183,641 |
Mexico | 46,836,600 | — | — | 46,836,600 |
Netherlands | — | 37,938,182 | — | 37,938,182 |
Norway | — | 9,490,714 | — | 9,490,714 |
Philippines | — | 12,465,559 | — | 12,465,559 |
Poland | — | 8,970,233 | — | 8,970,233 |
Russian Federation | — | 22,252,823 | — | 22,252,823 |
Singapore | — | 33,423,491 | — | 33,423,491 |
South Africa | — | 34,715,868 | — | 34,715,868 |
South Korea | — | 98,935,785 | — | 98,935,785 |
Spain | — | 32,578,438 | — | 32,578,438 |
Sweden | — | 109,043,166 | — | 109,043,166 |
Switzerland | — | 61,781,061 | — | 61,781,061 |
Taiwan | 11,133,254 | 62,917,611 | — | 74,050,865 |
Thailand | — | 11,218,899 | — | 11,218,899 |
United Kingdom | 18,991,050 | 343,325,952 | — | 362,317,002 |
United States | 32,528,553 | — | — | 32,528,553 |
Total Common Stocks | 355,962,177 | 2,098,557,044 | — | 2,454,519,221 |
Preferred Stocks | ||||
Germany | — | 12,414,214 | — | 12,414,214 |
Total Preferred Stocks | — | 12,414,214 | — | 12,414,214 |
Securities Lending Collateral | 30,272,040 | — | — | 30,272,040 |
Total Investments in Securities | 386,234,217 | 2,110,971,258 | — | 2,497,205,475 |
56 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn International®, December 31, 2018
The Fund’s assets assigned to the Level 2 input category are generally valued using a market approach, in which a security’s value is determined through its correlation to prices and information from observable market transactions for similar or identical assets. Foreign equities are generally valued at the last sale price on the foreign exchange or market on which they trade. The Fund may use a statistical fair valuation model, in accordance with the policy adopted by the Board of Trustees, provided by an independent third party to value securities principally traded in foreign markets in order to adjust for possible stale pricing that may occur between the close of the foreign exchanges and the time for valuation. These models take into account available market data including intraday index, ADR, and ETF movements.
Columbia Acorn Family of Funds | Annual Report 2018 | 57 |
Table of Contents
Columbia Acorn USA®, December 31, 2018
Common Stocks 96.1% | ||
Issuer | Shares | Value ($) |
Communication Services 0.8% | ||
Interactive Media & Services 0.8% | ||
Care.com, Inc.(a) Child, adult, senior, pet and home care services | 115,119 | 2,222,948 |
Total Communication Services | 2,222,948 | |
Consumer Discretionary 17.7% | ||
Auto Components 3.5% | ||
Cooper-Standard Holding, Inc.(a) Sealing, fuel and brake delivery, fluid transfer systems, anti-vibration systems components, subsystems, and modules | 27,020 | 1,678,482 |
Dorman Products, Inc.(a) Automotive products and home hardware | 44,962 | 4,047,479 |
LCI Industries Recreational vehicles and equipment | 40,956 | 2,735,861 |
Visteon Corp.(a) Automotive systems, modules and components | 20,359 | 1,227,241 |
Total | 9,689,063 | |
Distributors 0.9% | ||
Pool Corp. Swimming pool supplies, equipment and leisure products | 16,235 | 2,413,333 |
Diversified Consumer Services 0.8% | ||
Adtalem Global Education, Inc.(a) Higher education institutions | 49,721 | 2,352,798 |
Hotels, Restaurants & Leisure 7.6% | ||
Choice Hotels International, Inc. Vacation rental properties, travel tips and other services | 26,916 | 1,926,647 |
Churchill Downs, Inc. Horse racing company, home of the Kentucky Derby | 12,538 | 3,058,520 |
Dave & Buster’s Entertainment, Inc. Venues that combine dining and entertainment for adults and families | 96,842 | 4,315,280 |
Extended Stay America, Inc. Hotels and motels | 250,248 | 3,878,844 |
Red Rock Resorts, Inc., Class A Casino & entertainment properties | 125,621 | 2,551,362 |
Six Flags Entertainment Corp. Theme parks across North America | 25,704 | 1,429,914 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Texas Roadhouse, Inc. Moderately priced, full service restaurant chain | 33,606 | 2,006,278 |
Wingstop, Inc. Cooked-to-order chicken wings | 28,338 | 1,819,016 |
Total | 20,985,861 | |
Household Durables 2.4% | ||
Cavco Industries, Inc.(a) Designs and manufactures systems-built structures | 12,102 | 1,577,859 |
Helen of Troy Ltd.(a) Brand-name hair and comfort products | 13,251 | 1,738,266 |
iRobot Corp.(a),(b) Manufactures robots for cleaning | 25,419 | 2,128,587 |
Skyline Champion Corp. Factory-built housing | 82,302 | 1,209,016 |
Total | 6,653,728 | |
Leisure Products 1.8% | ||
Brunswick Corp. Consumer products serving the outdoor and indoor active recreation markets | 43,110 | 2,002,459 |
MasterCraft Boat Holdings, Inc.(a) Recreational powerboats | 157,000 | 2,935,900 |
Total | 4,938,359 | |
Specialty Retail 0.7% | ||
Boot Barn Holdings, Inc.(a) Western and work gear | 110,000 | 1,873,300 |
Total Consumer Discretionary | 48,906,442 | |
Consumer Staples 6.1% | ||
Beverages 0.8% | ||
MGP Ingredients, Inc. Distillery ingredients and products | 40,503 | 2,310,696 |
Food & Staples Retailing 0.9% | ||
BJ’s Wholesale Club Holdings, Inc.(a) Warehouse club | 116,508 | 2,581,817 |
Household Products 2.7% | ||
Central Garden & Pet Co.(a) Lawn, garden & pet supply products | 119,159 | 4,105,028 |
WD-40 Co. Multi-purpose lubricant products and heavy-duty hand cleaners | 18,343 | 3,361,538 |
Total | 7,466,566 |
58 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn USA®, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Personal Products 1.7% | ||
Inter Parfums, Inc. Fragrances and related products | 69,416 | 4,551,607 |
Total Consumer Staples | 16,910,686 | |
Energy 1.1% | ||
Energy Equipment & Services 0.5% | ||
Core Laboratories NV Reservoir description, production enhancement, and reservoir management services | 21,287 | 1,269,982 |
Oil, Gas & Consumable Fuels 0.6% | ||
Callon Petroleum Co.(a) Independent energy company | 251,416 | 1,631,690 |
Total Energy | 2,901,672 | |
Financials 12.9% | ||
Banks 5.8% | ||
First Busey Corp. Multi-bank holding company | 124,292 | 3,050,126 |
Great Southern Bancorp, Inc. Real estate, commercial real estate, commercial business, consumer, and construction loans | 53,511 | 2,463,111 |
Lakeland Financial Corp. Bank holding company | 77,026 | 3,093,364 |
OFG Bancorp Holding company for Oriental Bank | 168,694 | 2,776,703 |
Sandy Spring Bancorp, Inc. Holding company for Sandy Spring Bank | 79,368 | 2,487,393 |
Trico Bancshares Holding company for Tri Counties Bank | 64,874 | 2,192,093 |
Total | 16,062,790 | |
Capital Markets 3.9% | ||
Ares Management Corp., Class A Asset management firm | 132,856 | 2,362,180 |
Hamilton Lane, Inc., Class A Private market investment solutions | 43,093 | 1,594,441 |
Houlihan Lokey, Inc. Investment bank | 125,793 | 4,629,182 |
OM Asset Management Plc Asset management company | 196,982 | 2,103,768 |
Total | 10,689,571 | |
Consumer Finance 0.7% | ||
FirstCash, Inc. Owns and operates pawn stores | 27,591 | 1,996,209 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Thrifts & Mortgage Finance 2.5% | ||
Merchants Bancorp Bank holding company | 99,844 | 1,992,886 |
OceanFirst Financial Corp. New Jersey banks | 117,313 | 2,640,716 |
Walker & Dunlop, Inc. Commercial real estate financial services | 54,382 | 2,352,021 |
Total | 6,985,623 | |
Total Financials | 35,734,193 | |
Health Care 19.6% | ||
Biotechnology 7.0% | ||
Agios Pharmaceuticals, Inc.(a) Therapeutics in the field of cancer metabolism | 45,060 | 2,077,717 |
Amicus Therapeutics, Inc.(a) Orally-administered, small molecule drugs to treat human genetic diseases | 257,532 | 2,467,156 |
Enanta Pharmaceuticals, Inc.(a) Pharmaceutical products | 30,827 | 2,183,476 |
Kiniksa Pharmaceuticals Ltd., Class A(a),(b) Clinical-stage biopharmaceutical company | 80,085 | 2,249,588 |
Ligand Pharmaceuticals, Inc.(a) Drugs that regulate hormone activated intracellular receptors | 19,052 | 2,585,356 |
Loxo Oncology, Inc.(a) Researches and develops cancer drugs | 17,232 | 2,413,686 |
MacroGenics, Inc.(a) Treatments for autoimmune disorders, cancer and infectious diseases | 164,378 | 2,087,601 |
Repligen Corp.(a) Supplier to Biopharma Industry | 29,635 | 1,562,950 |
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 38,095 | 1,656,371 |
Total | 19,283,901 | |
Health Care Equipment & Supplies 6.8% | ||
Atrion Corp. Medical products and components | 4,707 | 3,488,263 |
AxoGen, Inc.(a) Technologies for peripheral nerve reconstruction and regeneration | 133,013 | 2,717,455 |
Cerus Corp.(a) Systems to enhance the safety of blood transfusions | 285,000 | 1,444,950 |
iRhythm Technologies, Inc.(a) Medical instruments | 32,696 | 2,271,718 |
Columbia Acorn Family of Funds | Annual Report 2018 | 59 |
Table of Contents
Columbia Acorn USA®, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Orthofix Medical, Inc.(a) Spine fixation, biological, and other orthopedic and spine solutions | 40,883 | 2,145,949 |
Sientra, Inc.(a) Plastic surgery implantable devices | 107,211 | 1,362,652 |
Tactile Systems Technology, Inc.(a) Technology for treating lymphedema, chronic swelling & venous ulcers | 55,560 | 2,530,758 |
Tandem Diabetes Care, Inc.(a) Produces medical devices | 75,913 | 2,882,417 |
Total | 18,844,162 | |
Health Care Providers & Services 3.7% | ||
AMN Healthcare Services, Inc.(a) Temporary healthcare staffing | 39,952 | 2,263,681 |
Chemed Corp. Hospice and palliative care services | 15,694 | 4,445,796 |
HealthEquity, Inc.(a) Technology-enabled services platforms for consumers to make healthcare saving and spending decisions | 32,335 | 1,928,783 |
Tivity Health, Inc.(a) Health fitness solutions | 65,655 | 1,628,901 |
Total | 10,267,161 | |
Pharmaceuticals 2.1% | ||
GW Pharmaceuticals PLC, ADR(a) Cannabinoid prescription medicines | 19,253 | 1,875,050 |
Optinose, Inc.(a),(b) Health care services | 268,539 | 1,664,942 |
Reata Pharmaceuticals, Inc., Class A(a) Biopharmaceutical company | 38,006 | 2,132,136 |
Total | 5,672,128 | |
Total Health Care | 54,067,352 | |
Industrials 11.0% | ||
Aerospace & Defense 0.8% | ||
BWX Technologies, Inc. Nuclear components and fuel | 56,066 | 2,143,403 |
Commercial Services & Supplies 3.3% | ||
Brink’s Co. (The) Provides security services globally | 24,128 | 1,559,875 |
Healthcare Services Group, Inc.(b) Housekeeping, laundry, linen, facility maintenance, and food services | 57,386 | 2,305,770 |
Unifirst Corp. Workplace uniforms and protective clothing | 35,687 | 5,105,739 |
Total | 8,971,384 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Machinery 2.5% | ||
ITT, Inc. Engineered components & customized technology solutions | 54,040 | 2,608,511 |
Toro Co. (The) Turf equipment | 31,383 | 1,753,682 |
Woodward, Inc. Energy control systems and components for aircraft, industrial engines and turbines | 35,023 | 2,601,859 |
Total | 6,964,052 | |
Professional Services 1.8% | ||
Exponent, Inc. Science and engineering consulting firm | 58,076 | 2,945,034 |
ICF International, Inc. Management, technology, policy consulting, and implementation services | 31,904 | 2,066,741 |
Total | 5,011,775 | |
Road & Rail 1.7% | ||
Landstar System, Inc. Truckload carrier | 19,877 | 1,901,633 |
Saia, Inc.(a) Trucking transportation | 50,659 | 2,827,785 |
Total | 4,729,418 | |
Trading Companies & Distributors 0.9% | ||
SiteOne Landscape Supply, Inc.(a) Landscape supplies | 44,703 | 2,470,735 |
Total Industrials | 30,290,767 | |
Information Technology 20.5% | ||
Electronic Equipment, Instruments & Components 1.7% | ||
ePlus, Inc.(a) Provides IT hardware, software and services | 40,707 | 2,897,117 |
Novanta, Inc.(a) Precision photonics and motion control components and subsystems | 29,298 | 1,845,774 |
Total | 4,742,891 |
60 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn USA®, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
IT Services 2.3% | ||
CoreLogic, Inc.(a) Consumer, financial and property information, analytics and services to business and government | 37,239 | 1,244,527 |
Endava PLC, ADR(a) IT services | 75,554 | 1,831,429 |
Hackett Group Business consulting and technology implementation | 107,666 | 1,723,733 |
Science Applications International Corp. Scientific, Engineering and technology consulting services | 24,846 | 1,582,690 |
Total | 6,382,379 | |
Semiconductors & Semiconductor Equipment 3.6% | ||
Advanced Energy Industries, Inc.(a) Engineered precision power conversion, measurement and control solutions | 49,349 | 2,118,553 |
Entegris, Inc. Microelectronics materials management | 64,185 | 1,790,441 |
Inphi Corp.(a) Analog semiconductor solutions | 64,327 | 2,068,113 |
MKS Instruments, Inc. Instruments and components used to control and analyze gases in semiconductor manufacturing | 25,881 | 1,672,171 |
Semtech Corp.(a) Analog and mixed-signal semiconductors | 45,892 | 2,105,066 |
Total | 9,754,344 | |
Software 12.9% | ||
Alteryx, Inc., Class A(a) Data storage, retrieval, management, reporting, and analytics solutions | 67,594 | 4,019,815 |
Anaplan, Inc.(a) Cloud platform for business applications | 70,085 | 1,860,056 |
Blackline, Inc.(a) Develops and markets enterprise software | 70,291 | 2,878,416 |
CyberArk Software Ltd.(a) IT security solutions | 65,210 | 4,834,669 |
j2 Global, Inc. Cloud-based communications and storage messaging services | 35,205 | 2,442,523 |
Manhattan Associates, Inc.(a) Information technology solutions for distribution centers | 67,394 | 2,855,484 |
Mimecast Ltd.(a) Cloud security and risk management services for corporate information and email | 97,221 | 3,269,542 |
MINDBODY, Inc., Class A(a) Business management software | 57,779 | 2,103,156 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Q2 Holdings, Inc.(a) Secure, cloud-based virtual banking solutions | 38,675 | 1,916,346 |
Qualys, Inc.(a) Information technology security risk and compliance management solutions | 50,844 | 3,800,081 |
Zscaler, Inc.(a) Cloud-based internet security platform | 74,502 | 2,921,223 |
Zuora, Inc., Class A(a) Develops cloud based software | 151,340 | 2,745,308 |
Total | 35,646,619 | |
Total Information Technology | 56,526,233 | |
Materials 2.6% | ||
Chemicals 2.6% | ||
Orion Engineered Carbons SA Global supplier of Carbon Black | 124,013 | 3,135,049 |
PolyOne Corp. International polymer services company | 64,910 | 1,856,426 |
Quaker Chemical Corp. Custom-formulated chemical specialty products | 12,069 | 2,144,782 |
Total | 7,136,257 | |
Total Materials | 7,136,257 | |
Real Estate 3.8% | ||
Equity Real Estate Investment Trusts (REITS) 2.1% | ||
Coresite Realty Corp. Develops, owns & operates data centers | 34,445 | 3,004,638 |
UMH Properties, Inc. Real estate investment trust | 248,655 | 2,944,075 |
Total | 5,948,713 | |
Real Estate Management & Development 1.7% | ||
Colliers International Group, Inc. Commercial real estate, residential property management and property services | 40,266 | 2,216,241 |
FirstService Corp. Real estate services | 34,415 | 2,356,739 |
Total | 4,572,980 | |
Total Real Estate | 10,521,693 | |
Total Common Stocks (Cost: $251,994,876) | 265,218,243 | |
Columbia Acorn Family of Funds | Annual Report 2018 | 61 |
Table of Contents
Columbia Acorn USA®, December 31, 2018
Limited Partnerships 1.5% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 1.5% | ||
Hotels, Restaurants & Leisure 1.5% | ||
Cedar Fair LP Owns and operates amusement parks | 91,301 | 4,318,537 |
Total Consumer Discretionary | 4,318,537 | |
Total Limited Partnerships (Cost: $5,072,954) | 4,318,537 | |
Securities Lending Collateral 1.5% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 2.372%(c),(d) | 4,068,915 | 4,068,915 |
Total Securities Lending Collateral (Cost: $4,068,915) | 4,068,915 | |
Money Market Funds 2.4% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 2.459%(c),(e) | 6,552,142 | 6,551,486 |
Total Money Market Funds (Cost: $6,551,486) | 6,551,486 | |
Total Investments in Securities (Cost $267,688,231) | 280,157,181 | |
Obligation to Return Collateral for Securities Loaned | (4,068,915) | |
Other Assets & Liabilities, Net | (94,502) | |
Net Assets | $275,993,764 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2018. The total market value of securities on loan at December 31, 2018 was $3,898,417. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2018. |
(d) | Investment made with cash collateral received from securities lending activity. |
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2018 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.459% | ||||||||
— | 97,052,141 | (90,499,999) | 6,552,142 | — | — | 84,599 | 6,551,486 |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
62 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn USA®, December 31, 2018
foreign currency exchange contracts and short-term investments valued at amortized cost. Additionally, securities fair valued by Columbia Wanger Asset Management’s Valuation Committee (the Committee) that rely on significant observable inputs are also included in Level 2. Typical Level 3 securities include any security fair valued by the Committee that relies on significant unobservable inputs.
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Investments measured at net asset value ($) | Total ($) | |
Investments in Securities | |||||
Common Stocks | |||||
Communication Services | 2,222,948 | — | — | — | 2,222,948 |
Consumer Discretionary | 48,906,442 | — | — | — | 48,906,442 |
Consumer Staples | 16,910,686 | — | — | — | 16,910,686 |
Energy | 2,901,672 | — | — | — | 2,901,672 |
Financials | 35,734,193 | — | — | — | 35,734,193 |
Health Care | 54,067,352 | — | — | — | 54,067,352 |
Industrials | 30,290,767 | — | — | — | 30,290,767 |
Information Technology | 56,526,233 | — | — | — | 56,526,233 |
Materials | 7,136,257 | — | — | — | 7,136,257 |
Real Estate | 10,521,693 | — | — | — | 10,521,693 |
Total Common Stocks | 265,218,243 | — | — | — | 265,218,243 |
Limited Partnerships | |||||
Consumer Discretionary | 4,318,537 | — | — | — | 4,318,537 |
Securities Lending Collateral | 4,068,915 | — | — | — | 4,068,915 |
Money Market Funds | — | — | — | 6,551,486 | 6,551,486 |
Total Investments in Securities | 273,605,695 | — | — | 6,551,486 | 280,157,181 |
Columbia Acorn Family of Funds | Annual Report 2018 | 63 |
Table of Contents
Columbia Acorn International SelectSM, December 31, 2018
Common Stocks 94.2% | ||
Issuer | Shares | Value ($) |
Australia 1.9% | ||
DuluxGroup Ltd. Manufactures and supplies paints and other surface coatings | 454,738 | 2,101,511 |
Canada 5.7% | ||
CAE, Inc. Training solutions based on simulation technology and integrated training services | 113,000 | 2,076,743 |
CCL Industries, Inc. Manufacturing services and specialty packaging products for the non-durable consumer products market | 111,624 | 4,093,098 |
Total | 6,169,841 | |
China 5.6% | ||
NetEase, Inc., ADR Internet technology company that develops applications, services and Internet technologies | 10,293 | 2,422,663 |
New Oriental Education & Technology Group, Inc., ADR(a) Educational services | 67,508 | 3,700,114 |
Total | 6,122,777 | |
Denmark 3.7% | ||
Novozymes AS, Class B Enzymes for industrial use | 90,956 | 4,064,135 |
France 2.1% | ||
Legrand SA Products and systems for electrical installations and information networks | 39,673 | 2,242,812 |
Germany 9.5% | ||
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 21,697 | 3,940,210 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 31,629 | 3,479,572 |
Wirecard AG Internet payment and processing services | 19,216 | 2,896,855 |
Total | 10,316,637 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
India 5.0% | ||
Cholamandalam Investment and Finance Co., Ltd. Financial services provider | 145,516 | 2,623,844 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 416,338 | 2,839,941 |
Total | 5,463,785 | |
Italy 4.5% | ||
Brembo SpA Braking systems and components | 259,154 | 2,644,871 |
Davide Campari-Milano SpA Global producer & distributor of branded spirits, wines and soft drinks | 269,811 | 2,284,865 |
Total | 4,929,736 | |
Japan 16.5% | ||
Aeon Mall Co., Ltd. Large-scale shopping malls | 219,200 | 3,492,235 |
Hikari Tsushin, Inc. Distribution network, telecommunication, office automation equipment, in-house products and individual insurance plans | 13,800 | 2,157,023 |
Recruit Holdings Co., Ltd. Information providing services in human resource, housing, bridal, travel, restaurants, beauty, automobiles, and education and more | 196,600 | 4,749,607 |
Santen Pharmaceutical Co., Ltd. Ophthalmic medicine | 163,500 | 2,359,021 |
Sekisui Chemical Co., Ltd. Unit residential houses in addition to parcels of land | 137,500 | 2,044,025 |
Sony Financial Holdings, Inc. Financial holding company | 174,600 | 3,253,949 |
Total | 18,055,860 | |
Mexico 2.3% | ||
Grupo Aeroportuario del Sureste SAB de CV, ADR Operates airports in Mexico | 16,879 | 2,541,978 |
Netherlands 6.3% | ||
Aalberts Industries NV Industrial services and flow control systems | 67,200 | 2,234,966 |
Koninklijke Philips NV Health technology focused on improving people’s health | 133,716 | 4,688,015 |
Total | 6,922,981 |
64 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn International SelectSM, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Singapore 2.2% | ||
Mapletree Commercial Trust Singapore-focused real estate investment trust | 2,018,800 | 2,442,747 |
South Africa 2.0% | ||
Naspers Ltd., Class N Electronic and print media industries | 11,061 | 2,214,594 |
South Korea 5.5% | ||
Korea Investment Holdings Co., Ltd. Financial holding company | 38,200 | 2,043,024 |
Korea Zinc Co. Ltd. Non-ferrous metal smelting | 10,090 | 3,906,919 |
Total | 5,949,943 | |
Sweden 6.2% | ||
Hexagon AB, Class B Design, measurement and visualisation technologies | 98,952 | 4,574,309 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 138,696 | 2,185,243 |
Total | 6,759,552 | |
Switzerland 2.7% | ||
Partners Group Holding AG Global private markets asset management firm | 4,785 | 2,910,939 |
Taiwan 1.8% | ||
Largan Precision Co., Ltd. Optical lens modules and optoelectronic components | 19,000 | 1,982,555 |
United Kingdom 10.7% | ||
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 193,191 | 3,365,471 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 779,714 | 3,354,327 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Rightmove PLC Website that lists properties across Britain | 433,244 | 2,387,649 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 32,642 | 2,598,169 |
Total | 11,705,616 | |
Total Common Stocks (Cost: $92,474,929) | 102,897,999 |
Preferred Stocks 2.4% | |||
Issuer | Shares | Value ($) | |
Germany 2.4% | |||
Sartorius AG Precision electronic equipment and components | 21,266 | 2,646,703 | |
Total Preferred Stocks (Cost: $2,108,325) | 2,646,703 |
Money Market Funds 3.2% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 2.459%(b),(c) | 3,482,775 | 3,482,426 |
Total Money Market Funds (Cost: $3,482,426) | 3,482,426 | |
Total Investments in Securities (Cost: $98,065,680) | 109,027,128 | |
Other Assets & Liabilities, Net | 239,053 | |
Net Assets | $109,266,181 |
Columbia Acorn Family of Funds | Annual Report 2018 | 65 |
Table of Contents
Columbia Acorn International SelectSM, December 31, 2018
(a) | Non-income producing security. |
(b) | The rate shown is the seven-day current annualized yield at December 31, 2018. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2018 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.459% | ||||||||
— | 23,901,675 | (20,418,900) | 3,482,775 | — | — | 34,282 | 3,482,426 |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
66 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn International SelectSM, December 31, 2018
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2018:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Investments measured at net asset value ($) | Total ($) | |
Investments in Securities | |||||
Common Stocks | |||||
Australia | — | 2,101,511 | — | — | 2,101,511 |
Canada | 6,169,841 | — | — | — | 6,169,841 |
China | 6,122,777 | — | — | — | 6,122,777 |
Denmark | — | 4,064,135 | — | — | 4,064,135 |
France | — | 2,242,812 | — | — | 2,242,812 |
Germany | — | 10,316,637 | — | — | 10,316,637 |
India | — | 5,463,785 | — | — | 5,463,785 |
Italy | — | 4,929,736 | — | — | 4,929,736 |
Japan | — | 18,055,860 | — | — | 18,055,860 |
Mexico | 2,541,978 | — | — | — | 2,541,978 |
Netherlands | — | 6,922,981 | — | — | 6,922,981 |
Singapore | — | 2,442,747 | — | — | 2,442,747 |
South Africa | — | 2,214,594 | — | — | 2,214,594 |
South Korea | — | 5,949,943 | — | — | 5,949,943 |
Sweden | — | 6,759,552 | — | — | 6,759,552 |
Switzerland | — | 2,910,939 | — | — | 2,910,939 |
Taiwan | — | 1,982,555 | — | — | 1,982,555 |
United Kingdom | — | 11,705,616 | — | — | 11,705,616 |
Total Common Stocks | 14,834,596 | 88,063,403 | — | — | 102,897,999 |
Preferred Stocks | |||||
Germany | — | 2,646,703 | — | — | 2,646,703 |
Total Preferred Stocks | — | 2,646,703 | — | — | 2,646,703 |
Money Market Funds | — | — | — | 3,482,426 | 3,482,426 |
Total Investments in Securities | 14,834,596 | 90,710,106 | — | 3,482,426 | 109,027,128 |
Columbia Acorn Family of Funds | Annual Report 2018 | 67 |
Table of Contents
Columbia Acorn SelectSM, December 31, 2018
Common Stocks 96.1% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 17.9% | ||
Auto Components 4.4% | ||
LCI Industries Recreational vehicles and equipment | 153,182 | 10,232,558 |
Distributors 3.8% | ||
LKQ Corp.(a) Automotive products and services | 378,404 | 8,979,527 |
Hotels, Restaurants & Leisure 4.4% | ||
Vail Resorts, Inc. Operates resorts globally | 49,136 | 10,358,851 |
Household Durables 4.4% | ||
Cavco Industries, Inc.(a) Designs and manufactures systems-built structures | 41,822 | 5,452,752 |
NVR, Inc.(a) Builds and markets homes and conducts mortgage banking activities | 2,050 | 4,995,830 |
Total | 10,448,582 | |
Specialty Retail 0.9% | ||
Boot Barn Holdings, Inc.(a) Western and work gear | 120,000 | 2,043,600 |
Total Consumer Discretionary | 42,063,118 | |
Financials 12.1% | ||
Banks 4.4% | ||
SVB Financial Group(a) Holding company for Silicon Valley Bank | 54,849 | 10,416,922 |
Capital Markets 5.0% | ||
Ares Management Corp., Class A Asset management firm | 296,416 | 5,270,277 |
Raymond James Financial, Inc. Financial services to individuals, corporations, and municipalities | 87,800 | 6,533,198 |
Total | 11,803,475 | |
Thrifts & Mortgage Finance 2.7% | ||
OceanFirst Financial Corp. New Jersey banks | 281,000 | 6,325,310 |
Total Financials | 28,545,707 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care 19.6% | ||
Biotechnology 2.6% | ||
Seattle Genetics, Inc.(a) Monoclonal antibody-based drugs to treat cancer and related diseases | 65,300 | 3,699,898 |
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 54,290 | 2,360,529 |
Total | 6,060,427 | |
Health Care Equipment & Supplies 7.0% | ||
Anika Therapeutics, Inc.(a) Integrated orthopedic medicines company | 81,300 | 2,732,493 |
Masimo Corp.(a) Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 129,102 | 13,861,682 |
Total | 16,594,175 | |
Health Care Providers & Services 8.0% | ||
Encompass Health Corp. Inpatient rehabilitative healthcare services | 176,917 | 10,915,779 |
Premier, Inc.(a) Healthcare services | 212,800 | 7,948,080 |
Total | 18,863,859 | |
Life Sciences Tools & Services 2.0% | ||
Pra Health Sciences, Inc.(a) Global contract research organization | 50,800 | 4,671,568 |
Total Health Care | 46,190,029 | |
Industrials 10.6% | ||
Machinery 5.6% | ||
Gardner Denver Holdings, Inc.(a) Vacuum systems, bottle blowers, pumps and air & gas compressors | 234,000 | 4,785,300 |
Nordson Corp. Systems that apply adhesives, sealants, and coatings to products during manufacturing | 70,520 | 8,416,562 |
Total | 13,201,862 | |
Road & Rail 5.0% | ||
JB Hunt Transport Services, Inc. Logistics services | 125,270 | 11,655,121 |
Total Industrials | 24,856,983 |
68 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn SelectSM, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Information Technology 21.5% | ||
Electronic Equipment, Instruments & Components 5.7% | ||
CDW Corp. IT products and services | 96,811 | 7,846,531 |
Coherent, Inc.(a) Laser-based photonic products | 54,167 | 5,725,994 |
Total | 13,572,525 | |
IT Services 10.5% | ||
GoDaddy, Inc., Class A(a) Cloud-based web platform for small businesses, web design professionals and individuals | 190,509 | 12,501,201 |
GreenSky, Inc., Class A(a) Technology company | 175,500 | 1,679,535 |
VeriSign, Inc.(a) Domain names and Internet security services | 70,573 | 10,465,270 |
Total | 24,646,006 | |
Software 5.3% | ||
ANSYS, Inc.(a) Software solutions for design analysis and optimization | 87,056 | 12,443,784 |
Total Information Technology | 50,662,315 | |
Materials 7.2% | ||
Chemicals 7.2% | ||
Celanese Corp., Class A Global integrated producer of chemicals and advanced materials | 90,152 | 8,110,975 |
Orion Engineered Carbons SA Global supplier of Carbon Black | 350,900 | 8,870,752 |
Total | 16,981,727 | |
Total Materials | 16,981,727 | |
Real Estate 7.2% | ||
Equity Real Estate Investment Trusts (REITS) 7.2% | ||
Coresite Realty Corp. Develops, owns & operates data centers | 94,817 | 8,270,887 |
UMH Properties, Inc. Real estate investment trust | 728,350 | 8,623,664 |
Total | 16,894,551 | |
Total Real Estate | 16,894,551 | |
Total Common Stocks (Cost: $214,263,158) | 226,194,430 | |
Limited Partnerships 1.8% | ||
Issuer | Shares | Value ($) |
Financials 1.8% | ||
Capital Markets 1.8% | ||
Oaktree Capital Group LLC Investment management firm focused on alternative markets | 105,500 | 4,193,625 |
Total Financials | 4,193,625 | |
Total Limited Partnerships (Cost: $4,491,286) | 4,193,625 | |
Money Market Funds 2.4% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 2.459%(b),(c) | 5,598,686 | 5,598,126 |
Total Money Market Funds (Cost: $5,598,126) | 5,598,126 | |
Total Investments in Securities (Cost $224,352,570) | 235,986,181 | |
Other Assets & Liabilities, Net | (591,536) | |
Net Assets | $235,394,645 |
Columbia Acorn Family of Funds | Annual Report 2018 | 69 |
Table of Contents
Columbia Acorn SelectSM, December 31, 2018
(a) | Non-income producing security. |
(b) | The rate shown is the seven-day current annualized yield at December 31, 2018. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2018 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.459% | ||||||||
— | 57,519,079 | (51,920,393) | 5,598,686 | — | — | 58,197 | 5,598,126 |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
70 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn SelectSM, December 31, 2018
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2018:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Investments measured at net asset value ($) | Total ($) | |
Investments in Securities | |||||
Common Stocks | |||||
Consumer Discretionary | 42,063,118 | — | — | — | 42,063,118 |
Financials | 28,545,707 | — | — | — | 28,545,707 |
Health Care | 46,190,029 | — | — | — | 46,190,029 |
Industrials | 24,856,983 | — | — | — | 24,856,983 |
Information Technology | 50,662,315 | — | — | — | 50,662,315 |
Materials | 16,981,727 | — | — | — | 16,981,727 |
Real Estate | 16,894,551 | — | — | — | 16,894,551 |
Total Common Stocks | 226,194,430 | — | — | — | 226,194,430 |
Limited Partnerships | |||||
Financials | 4,193,625 | — | — | — | 4,193,625 |
Money Market Funds | — | — | — | 5,598,126 | 5,598,126 |
Total Investments in Securities | 230,388,055 | — | — | 5,598,126 | 235,986,181 |
Columbia Acorn Family of Funds | Annual Report 2018 | 71 |
Table of Contents
Columbia Thermostat FundSM, December 31, 2018
Equity Funds 13.9% | ||
Issuer | Shares | Value ($) |
Dividend Income 1.4% | ||
Columbia Dividend Income Fund, Institutional 3 Class(a) | 453,812 | 9,080,772 |
Total Dividend Income | 9,080,772 | |
International Small Mid Cap 1.4% | ||
Columbia Acorn International®, Institutional 3 Class(a) | 310,169 | 9,252,339 |
Total International Small Mid Cap | 9,252,339 | |
U.S. Large Cap 8.4% | ||
Columbia Contrarian Core Fund, Institutional 3 Class(a) | 405,496 | 8,868,206 |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class(a) | 425,513 | 8,935,764 |
Columbia Large Cap Index Fund, Institutional 3 Class(a) | 834,492 | 35,799,703 |
Total U.S. Large Cap | 53,603,673 | |
U.S. Mid Cap 1.3% | ||
Columbia Acorn SelectSM, Institutional 3 Class(a),(b) | 675,954 | 8,665,733 |
Total U.S. Mid Cap | 8,665,733 | |
U.S. Small Mid Cap 1.4% | ||
Columbia Acorn® Fund, Institutional 3 Class(a),(b) | 626,508 | 8,702,202 |
Total U.S. Small Mid Cap | 8,702,202 | |
Total Equity Funds (Cost: $89,505,476) | 89,304,719 | |
Exchange-Traded Funds 8.6% | ||
Issuer | Shares | Value ($) |
Columbia Diversified Fixed Income Allocation ETF(a) | 2,936,569 | 55,413,057 |
Total Exchange-Traded Funds (Cost: $56,815,707) | 55,413,057 | |
Fixed-Income Funds 78.0% | ||
Investment Grade 78.0% | ||
Columbia Corporate Income Fund, Institutional 3 Class(a) | 5,784,658 | 55,648,413 |
Columbia Quality Income Fund, Institutional 3 Class(a) | 20,836,213 | 111,473,738 |
Columbia Short Term Bond Fund, Institutional 3 Class(a) | 14,104,862 | 138,791,841 |
Columbia U.S. Treasury Index Fund, Institutional 3 Class(a) | 17,758,369 | 194,631,722 |
Total Investment Grades | 500,545,714 | |
Total Fixed-Income Funds (Cost: $502,603,371) | 500,545,714 | |
Total Investments in Securities (Cost $648,924,554) | 645,263,490 | |
Other Assets & Liabilities, Net | (3,410,608) | |
Net Assets | $641,852,882 |
72 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Thermostat FundSM, December 31, 2018
(a) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2018 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | 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 | 887,730 | (941,849) | 310,169 | 2,697,722 | (5,859,756) | 106,587 | 2,302,914 | 9,252,339 | |
Columbia Acorn SelectSM, Institutional 3 Class | |||||||||
487,249 | 1,985,785 | (1,797,080) | 675,954 | 1,031,031 | (2,714,823) | — | 1,684,028 | 8,665,733 | |
Columbia Acorn® Fund, Institutional 3 Class | |||||||||
519,202 | 1,965,073 | (1,857,767) | 626,508 | 983,805 | (1,101,780) | — | 1,077,762 | 8,702,202 | |
Columbia Contrarian Core Fund, Institutional 3 Class | |||||||||
323,920 | 1,226,247 | (1,144,671) | 405,496 | 1,465,203 | (2,537,859) | 120,465 | 701,285 | 8,868,206 | |
Columbia Corporate Income Fund, Institutional 3 Class | |||||||||
— | 9,635,083 | (3,850,425) | 5,784,658 | (534,317) | (1,572,715) | 1,651,038 | — | 55,648,413 | |
Columbia Diversified Fixed Income Allocation ETF | |||||||||
— | 4,851,268 | (1,914,699) | 2,936,569 | (882,908) | (1,402,651) | 1,808,254 | — | 55,413,057 | |
Columbia Dividend Income Fund, Institutional 3 Class | |||||||||
759,793 | 1,643,587 | (1,949,568) | 453,812 | 4,740,549 | (4,596,821) | 185,099 | 457,730 | 9,080,772 | |
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 | 1,314,270 | (1,234,411) | 425,513 | 1,528,052 | (2,330,223) | 137,052 | 969,978 | 8,935,764 | |
Columbia Large Cap Index Fund, Institutional 3 Class | |||||||||
— | 2,843,203 | (2,008,711) | 834,492 | 2,392 | (4,908,597) | 764,736 | 2,706,588 | 35,799,703 | |
Columbia Quality Income Fund, Institutional 3 Class | |||||||||
28,648,549 | 9,836,816 | (17,649,152) | 20,836,213 | (1,722,301) | (210,216) | 3,639,432 | — | 111,473,738 | |
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 | 5,601,572 | (22,601,330) | 14,104,862 | (1,829,652) | (312,909) | 2,723,852 | — | 138,791,841 | |
Columbia Short-Term Cash Fund, 2.459% | |||||||||
— | 55,337,290 | (55,337,290) | — | — | — | 17,487 | — | — | |
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 | 24,121,919 | (13,313,385) | 17,758,369 | (2,697,300) | 2,412,676 | 3,707,127 | — | 194,631,722 | |
Total of Affiliated Transactions | 9,367,354 | (32,423,879) | 16,321,982 | 9,900,285 | 645,263,490 |
(b) | Non-income producing security. |
■ | Level 1 – quoted prices in active markets for identical securities |
Columbia Acorn Family of Funds | Annual Report 2018 | 73 |
Table of Contents
Columbia Thermostat FundSM, December 31, 2018
■ | 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 | 89,304,719 | — | — | 89,304,719 |
Exchange-Traded Funds | 55,413,057 | — | — | 55,413,057 |
Fixed-Income Funds | 500,545,714 | — | — | 500,545,714 |
Total Investments in Securities | 645,263,490 | — | — | 645,263,490 |
74 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, December 31, 2018
Common Stocks 98.1% | ||
Issuer | Shares | Value ($) |
Brazil 7.9% | ||
CVC Brasil Operadora e Agencia de Viagens SA Travel services | 62,000 | 978,690 |
Localiza Rent a Car SA Rents automobiles | 219,100 | 1,681,797 |
Raia Drogasil SA Chain of pharmaceutical stores | 39,900 | 588,347 |
Sul America SA Full service insurance company | 194,000 | 1,431,568 |
Total | 4,680,402 | |
Cambodia 2.9% | ||
NagaCorp Ltd. Leisure and tourism company | 1,617,000 | 1,737,310 |
China 6.4% | ||
51job, Inc., ADR(a) Integrated human resource services | 10,377 | 647,940 |
Huazhu Group Ltd., ADR Hotel operator and franchisor | 11,600 | 332,108 |
Minth Group Ltd. Exterior automobile body parts | 148,000 | 477,592 |
New Oriental Education & Technology Group, Inc., ADR(a) Educational services | 22,131 | 1,213,000 |
TravelSky Technology Ltd., Class H IT solutions for China’s air travel and tourism industries | 131,000 | 335,748 |
Xiabuxiabu Catering Management China Holdings Co., Ltd. Chain of restaurants in China | 504,000 | 787,908 |
Total | 3,794,296 | |
Egypt 1.3% | ||
Commercial International Bank of Egypt Provides a range of financial services | 185,273 | 766,333 |
Hong Kong 5.8% | ||
ASM Pacific Technology Ltd. Machines, tools & materials used in the semiconductor industry | 34,700 | 335,000 |
Value Partners Group Ltd. Independent, value oriented asset management group | 1,628,000 | 1,130,408 |
Vitasoy International Holdings Ltd. Food and beverages | 522,000 | 1,987,084 |
Total | 3,452,492 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
India 10.7% | ||
Care Ratings Ltd. Credit rating services | 51,439 | 726,749 |
Cholamandalam Investment and Finance Co., Ltd. Financial services provider | 71,351 | 1,286,552 |
GRUH Finance Ltd. Provides a range of home loans as well as insurance products | 196,230 | 887,518 |
Havells India Ltd. Manufactures electrical products | 66,528 | 658,292 |
PI Industries Ltd. Agricultural and fine chemicals and polymers | 49,962 | 617,064 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 313,889 | 2,141,112 |
Total | 6,317,287 | |
Indonesia 4.7% | ||
PT Link Net Tbk High-speed internet connection through fiber optic lines | 3,135,800 | 1,068,527 |
PT Matahari Department Store Tbk Retail clothes, accessories, bags, shoes, cosmetics, household appliances, and management consulting services. | 2,166,700 | 843,308 |
PT Tower Bersama Infrastructure Tbk Telecommunication infrastructure services to Indonesian wireless carriers | 3,344,300 | 835,828 |
Total | 2,747,663 | |
Japan 1.3% | ||
Mandom Corp. Cosmetic products for men and women | 27,400 | 746,540 |
Malaysia 1.1% | ||
AEON Credit Service M Bhd Consumer financing products | 175,000 | 647,846 |
Mexico 3.5% | ||
Corporación Inmobiliaria Vesta SAB de CV Real estate owner, developer and asset administrator | 249,000 | 334,885 |
Grupo Aeroportuario del Sureste SAB de CV, ADR Operates airports in Mexico | 7,420 | 1,117,452 |
Qualitas Controladora SAB de CV Insurance holding company | 280,700 | 590,775 |
Total | 2,043,112 |
Columbia Acorn Family of Funds | Annual Report 2018 | 75 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Philippines 2.4% | ||
D&L Industries, Inc. Customized raw materials | 3,785,900 | 790,514 |
Security Bank Corp. Financial products & services | 215,730 | 636,139 |
Total | 1,426,653 | |
Poland 1.0% | ||
KRUK SA Debt collection services | 14,131 | 592,329 |
Russian Federation 1.7% | ||
TCS Group Holding PLC, GDR Online retail financial services | 65,474 | 1,018,775 |
South Africa 7.8% | ||
Clicks Group Ltd. Owns and operates chains of retail stores | 80,044 | 1,064,139 |
Famous Brands Ltd.(a) Food and beverage company | 243,938 | 1,657,168 |
PSG Group Ltd. Diversified financial services | 110,879 | 1,880,087 |
Total | 4,601,394 | |
South Korea 16.6% | ||
GS Retail Co., Ltd. Chain of retail stores | 49,172 | 1,781,993 |
Koh Young Technology, Inc. 3D measurement and inspection equipment for testing various machineries | 25,500 | 1,887,843 |
Korea Investment Holdings Co., Ltd. Financial holding company | 38,649 | 2,067,037 |
Korea Zinc Co. Ltd. Non-ferrous metal smelting | 6,167 | 2,387,906 |
Modetour Network, Inc. Travel services | 78,370 | 1,691,545 |
Total | 9,816,324 | |
Taiwan 16.5% | ||
Basso Industry Corp. Pneumatic nailers and staplers | 659,000 | 974,132 |
Chailease Holding Co., Ltd. Financing services | 114,000 | 359,575 |
Gourmet Master Co., Ltd. Coffee & bakery cafes | 131,088 | 877,654 |
Grape King Bio Ltd. Beverages, nutrition, pharmaceuticals, syrups and hair care products | 52,000 | 322,273 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Largan Precision Co., Ltd. Optical lens modules and optoelectronic components | 10,000 | 1,043,450 |
Parade Technologies Ltd. Fabless semiconductor company | 89,000 | 1,251,836 |
Silergy Corp. High performance analog integrated circuits | 81,000 | 1,191,970 |
Silicon Motion Technology Corp., ADR Semiconductor products | 9,710 | 334,995 |
Sinbon Electronics Co., Ltd. Cable, connectors & modems | 650,000 | 1,750,932 |
Voltronic Power Technology Corp. Uninterruptible power supply products, inverters, multiple surface mounted devices and other power products | 94,000 | 1,642,255 |
Total | 9,749,072 | |
Thailand 4.0% | ||
Bangkok Chain Hospital PCL, Foreign Registered Shares Chain of hospitals in Thailand | 1,090,000 | 559,410 |
Beauty Community PCL Cosmetic and beauty products | 2,294,900 | 462,353 |
Mega Lifesciences PCL, Foreign Registered Shares Nutritional and herbal supplement, OTC and ethical drugs | 844,000 | 745,306 |
Muangthai Capital PCL, Foreign Registered Shares Commercial lending company | 384,700 | 579,768 |
Total | 2,346,837 | |
Turkey 1.1% | ||
Logo Yazilim Sanayi Ve Ticaret AS(a) Enterprise resource planning software | 130,949 | 671,508 |
United Kingdom 1.4% | ||
ASA International Group PLC(a) Micro financing company | 149,000 | 796,315 |
Total Common Stocks (Cost: $57,098,961) | 57,952,488 | |
Money Market Funds 1.9% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 2.459%(b),(c) | 1,107,016 | 1,106,905 |
Total Money Market Funds (Cost: $1,106,905) | 1,106,905 | |
Total Investments in Securities (Cost: $58,205,866) | 59,059,393 | |
Other Assets & Liabilities, Net | 26,876 | |
Net Assets | $59,086,269 |
76 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, December 31, 2018
(a) | Non-income producing security. |
(b) | The rate shown is the seven-day current annualized yield at December 31, 2018. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2018 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.459% | ||||||||
— | 19,123,347 | (18,016,331) | 1,107,016 | — | — | 17,928 | 1,106,905 |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Annual Report 2018 | 77 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, December 31, 2018
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2018:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Investments measured at net asset value ($) | Total ($) | |
Investments in Securities | |||||
Common Stocks | |||||
Brazil | 4,680,402 | — | — | — | 4,680,402 |
Cambodia | — | 1,737,310 | — | — | 1,737,310 |
China | 2,193,048 | 1,601,248 | — | — | 3,794,296 |
Egypt | — | 766,333 | — | — | 766,333 |
Hong Kong | — | 3,452,492 | — | — | 3,452,492 |
India | — | 6,317,287 | — | — | 6,317,287 |
Indonesia | — | 2,747,663 | — | — | 2,747,663 |
Japan | — | 746,540 | — | — | 746,540 |
Malaysia | — | 647,846 | — | — | 647,846 |
Mexico | 2,043,112 | — | — | — | 2,043,112 |
Philippines | — | 1,426,653 | — | — | 1,426,653 |
Poland | — | 592,329 | — | — | 592,329 |
Russian Federation | — | 1,018,775 | — | — | 1,018,775 |
South Africa | — | 4,601,394 | — | — | 4,601,394 |
South Korea | — | 9,816,324 | — | — | 9,816,324 |
Taiwan | 334,995 | 9,414,077 | — | — | 9,749,072 |
Thailand | — | 2,346,837 | — | — | 2,346,837 |
Turkey | — | 671,508 | — | — | 671,508 |
United Kingdom | — | 796,315 | — | — | 796,315 |
Total Common Stocks | 9,251,557 | 48,700,931 | — | — | 57,952,488 |
Money Market Funds | — | — | — | 1,106,905 | 1,106,905 |
Total Investments in Securities | 9,251,557 | 48,700,931 | — | 1,106,905 | 59,059,393 |
78 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn European FundSM, December 31, 2018
Common Stocks 98.3% | ||
Issuer | Shares | Value ($) |
Belgium 1.4% | ||
Melexis NV Advanced integrated semiconductors, sensor ICs, and programmable sensor IC systems | 16,065 | 934,923 |
Denmark 4.2% | ||
ALK-Abello AS Pharmaceuticals for allergy vaccinations | 5,694 | 841,973 |
SimCorp AS Global provider of highly specialised software for the investment management industry | 29,598 | 2,029,869 |
Total | 2,871,842 | |
France 1.8% | ||
Akka Technologies High-technology engineering consulting services | 24,780 | 1,254,481 |
Germany 20.6% | ||
AURELIUS Equity Opportunities SE & Co. KGaA Loans to distressed companies | 24,888 | 904,909 |
Deutsche Beteiligungs AG Private equity company, investing in domestic medium-sized companies | 21,603 | 832,101 |
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 12,044 | 2,187,210 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 21,541 | 2,369,770 |
Norma Group SE Plastic and metal-based components and systems in connecting technology | 17,437 | 864,453 |
Rational AG Food preparation appliances/processors and kitchen accessories | 4,163 | 2,365,643 |
Stroeer SE & Co. KGaA Digital multi-channel media company | 27,210 | 1,318,819 |
Varta AG(a) Manufactures and markets a wide range of industrial, commercial and miniaturized batteries | 35,624 | 1,015,507 |
Wirecard AG Internet payment and processing services | 14,771 | 2,226,761 |
Total | 14,085,173 | |
Ireland 2.2% | ||
UDG Healthcare PLC Commercialisation solutions for health care companies | 194,722 | 1,482,461 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Italy 6.9% | ||
Brembo SpA Braking systems and components | 189,133 | 1,930,251 |
Carel Industries SpA(a) Control solutions for HVAC and humidification systems | 79,640 | 822,874 |
Davide Campari-Milano SpA Global producer & distributor of branded spirits, wines and soft drinks | 120,359 | 1,019,247 |
Industria Macchine Automatiche SpA Packaging machinery for the food, pharmaceuticals, and cosmetics industries | 15,573 | 972,186 |
Total | 4,744,558 | |
Malta 3.0% | ||
Unibet Group PLC Online gambling services | 224,836 | 2,066,850 |
Netherlands 1.7% | ||
Aalberts Industries NV Industrial services and flow control systems | 35,973 | 1,196,405 |
Norway 2.4% | ||
Atea ASA Nordic and Baltic supplier of IT infrastructure | 126,182 | 1,622,706 |
Poland 1.0% | ||
KRUK SA Debt collection services | 16,292 | 682,911 |
Russian Federation 1.0% | ||
TCS Group Holding PLC, GDR Online retail financial services | 45,582 | 709,256 |
Spain 3.8% | ||
eDreams ODIGEO SA(a) Online travel company | 386,373 | 1,051,381 |
Fluidra SA(a) Irrigation and swimming pool equipment | 63,618 | 713,596 |
Prosegur Cia de Seguridad SA, Registered Shares Security and transportation services | 161,960 | 819,625 |
Total | 2,584,602 |
Columbia Acorn Family of Funds | Annual Report 2018 | 79 |
Table of Contents
Columbia Acorn European FundSM, December 31, 2018
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sweden 14.0% | ||
AddTech AB, Class B High-tech industrial components and systems | 61,942 | 1,107,037 |
Hexagon AB, Class B Design, measurement and visualisation technologies | 31,857 | 1,472,671 |
NetEnt AB Develops and markets computer gaming software | 210,936 | 868,403 |
Sectra AB, Class B Medical and communication systems | 104,190 | 2,237,222 |
Sweco AB, Class B Consulting company specializing in engineering, environmental technology, and architecture | 100,375 | 2,234,926 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 106,262 | 1,674,225 |
Total | 9,594,484 | |
Switzerland 9.3% | ||
Belimo Holding AG, Registered Shares Manufactures heating, ventilation and air conditioning equipment | 373 | 1,496,129 |
Bossard Holding AG, Class A, Registered Shares Fastening devices, industrial adhesives & tools | 4,784 | 682,898 |
Inficon Holding AG Vacuum instruments used to monitor and control production processes | 2,479 | 1,256,858 |
Kardex AG Storage, warehouse and materials handling systems | 10,500 | 1,214,129 |
Partners Group Holding AG Global private markets asset management firm | 2,823 | 1,717,363 |
Total | 6,367,377 | |
Turkey 0.7% | ||
Logo Yazilim Sanayi Ve Ticaret AS(a) Enterprise resource planning software | 94,094 | 482,515 |
United Kingdom 24.3% | ||
Ascential PLC Media and consultancy services | 247,033 | 1,187,050 |
Croda International PLC Chemicals and chemical products | 16,269 | 971,600 |
Dechra Pharmaceuticals PLC International veterinary pharmaceuticals | 27,832 | 735,352 |
Domino’s Pizza Group PLC Pizza delivery stores | 240,130 | 713,676 |
GW Pharmaceuticals PLC, ADR(a) Cannabinoid prescription medicines | 5,880 | 572,653 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 131,904 | 2,297,825 |
Hastings Group Holdings PLC General insurance services to the automobile and home insurance products | 282,649 | 672,699 |
Intermediate Capital Group PLC Private equity firm | 111,779 | 1,333,324 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 525,198 | 2,259,400 |
Rightmove PLC Website that lists properties across Britain | 250,884 | 1,382,646 |
Safestore Holdings PLC Self storage facilities | 206,175 | 1,331,034 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 25,983 | 2,068,140 |
WH Smith PLC Retails books, magazines, newspapers, and periodicals | 51,922 | 1,138,991 |
Total | 16,664,390 | |
Total Common Stocks (Cost: $63,748,175) | 67,344,934 |
Preferred Stocks 1.5% | |||
Issuer | Shares | Value ($) | |
Germany 1.5% | |||
Sartorius AG Precision electronic equipment and components | 8,266 | 1,028,762 | |
Total Preferred Stocks (Cost: $807,485) | 1,028,762 |
Money Market Funds 0.2% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 2.459%(b),(c) | 133,396 | 133,382 |
Total Money Market Funds (Cost: $133,382) | 133,382 | |
Total Investments in Securities (Cost: $64,689,042) | 68,507,078 | |
Other Assets & Liabilities, Net | (1,497) | |
Net Assets | $68,505,581 |
80 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn European FundSM, December 31, 2018
(a) | Non-income producing security. |
(b) | The rate shown is the seven-day current annualized yield at December 31, 2018. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2018 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.459% | ||||||||
— | 15,561,882 | (15,428,486) | 133,396 | — | — | 11,604 | 133,382 |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Annual Report 2018 | 81 |
Table of Contents
Columbia Acorn European FundSM, December 31, 2018
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2018:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Investments measured at net asset value ($) | Total ($) | |
Investments in Securities | |||||
Common Stocks | |||||
Belgium | — | 934,923 | — | — | 934,923 |
Denmark | — | 2,871,842 | — | — | 2,871,842 |
France | — | 1,254,481 | — | — | 1,254,481 |
Germany | — | 14,085,173 | — | — | 14,085,173 |
Ireland | — | 1,482,461 | — | — | 1,482,461 |
Italy | — | 4,744,558 | — | — | 4,744,558 |
Malta | — | 2,066,850 | — | — | 2,066,850 |
Netherlands | — | 1,196,405 | — | — | 1,196,405 |
Norway | — | 1,622,706 | — | — | 1,622,706 |
Poland | — | 682,911 | — | — | 682,911 |
Russian Federation | — | 709,256 | — | — | 709,256 |
Spain | — | 2,584,602 | — | — | 2,584,602 |
Sweden | — | 9,594,484 | — | — | 9,594,484 |
Switzerland | — | 6,367,377 | — | — | 6,367,377 |
Turkey | — | 482,515 | — | — | 482,515 |
United Kingdom | 572,653 | 16,091,737 | — | — | 16,664,390 |
Total Common Stocks | 572,653 | 66,772,281 | — | — | 67,344,934 |
Preferred Stocks | |||||
Germany | — | 1,028,762 | — | — | 1,028,762 |
Total Preferred Stocks | — | 1,028,762 | — | — | 1,028,762 |
Money Market Funds | — | — | — | 133,382 | 133,382 |
Total Investments in Securities | 572,653 | 67,801,043 | — | 133,382 | 68,507,078 |
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December 31, 2018
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Assets | ||||
Investments in securities, at value* | ||||
Unaffiliated issuers (cost $3,171,598,967, $2,089,696,030, $261,136,745, $94,583,254, respectively) | $3,749,664,836 | $2,497,205,475 | $273,605,695 | $105,544,702 |
Affiliated issuers (cost $67,372,488, $—, $6,551,486, $3,482,426, respectively) | 64,556,598 | — | 6,551,486 | 3,482,426 |
Cash | — | 881,393 | — | — |
Receivable for: | ||||
Investments sold | 4,386,731 | 93,079,902 | — | — |
Capital shares sold | 1,590,680 | 2,218,588 | 429,796 | 577,678 |
Dividends | 1,802,158 | 3,428,676 | 207,917 | 146,848 |
Securities lending income | 931 | 2,686 | 2,192 | — |
Foreign tax reclaims | 1,655 | 3,721,154 | 666 | 90,220 |
Expense reimbursement due from Investment Manager | — | — | 113 | 823 |
Prepaid expenses | 109,536 | 79,140 | 8,265 | 2,627 |
Trustees’ deferred compensation plan | 2,835,892 | 1,504,437 | 276,041 | — |
Total assets | 3,824,949,017 | 2,602,121,451 | 281,082,171 | 109,845,324 |
Liabilities | ||||
Due upon return of securities on loan | 15,645,500 | 30,949,500 | 4,068,915 | — |
Payable for: | ||||
Investments purchased | — | 1,554,956 | — | — |
Capital shares purchased | 7,153,106 | 15,192,880 | 611,722 | 434,662 |
Distributions to shareholders | — | — | — | 290 |
Investment advisory fee | 209,609 | 164,564 | 20,836 | 7,948 |
Distribution and/or service fees | 22,301 | 8,423 | 1,373 | 763 |
Transfer agent fees | 413,846 | 333,921 | 37,896 | 12,675 |
Administration fees | 15,509 | 10,425 | 1,124 | 447 |
Trustees’ fees | — | 1,196 | — | 54,676 |
Compensation of chief compliance officer | 7,825 | 7,005 | 566 | 201 |
Audit fees | 50,745 | 71,565 | 42,555 | 47,115 |
Line of credit borrowings | — | 26,500,000 | — | — |
Other expenses | 229,629 | 391,236 | 27,379 | 20,366 |
Trustees’ deferred compensation plan | 2,835,892 | 1,504,437 | 276,041 | — |
Total liabilities | 26,583,962 | 76,690,108 | 5,088,407 | 579,143 |
Net assets applicable to outstanding capital stock | $3,798,365,055 | $2,525,431,343 | $275,993,764 | $109,266,181 |
Represented by | ||||
Paid in capital | 3,028,984,376 | 1,956,301,316 | 254,180,717 | 96,794,836 |
Total distributable earnings (loss) (Note 2) | 769,380,679 | 569,130,027 | 21,813,047 | 12,471,345 |
Total - representing net assets applicable to outstanding capital stock | $3,798,365,055 | $2,525,431,343 | $275,993,764 | $109,266,181 |
* Includes the value of securities on loan | 15,784,990 | 29,435,320 | 3,898,417 | — |
Columbia Acorn Family of Funds | Annual Report 2018 | 83 |
Table of Contents
December 31, 2018
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Class A | ||||
Net assets | $768,031,089 | $296,348,606 | $49,178,788 | $26,072,692 |
Shares outstanding | 72,139,876 | 10,051,829 | 4,784,721 | 1,112,431 |
Net asset value per share(a) | $10.65 | $29.48 | $10.28 | $23.44 |
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) | $11.30 | $31.28 | $10.91 | $24.87 |
Advisor Class | ||||
Net assets | $40,425,118 | $12,739,847 | $14,578,534 | $1,201,169 |
Shares outstanding | 2,966,578 | 427,006 | 1,058,459 | 50,042 |
Net asset value per share(c) | $13.63 | $29.84 | $13.77 | $24.00 |
Class C | ||||
Net assets | $81,148,832 | $22,816,836 | $4,608,374 | $2,752,067 |
Shares outstanding | 17,315,664 | 825,742 | 1,020,158 | 128,151 |
Net asset value per share(a) | $4.69 | $27.63 | $4.52 | $21.48 |
Institutional Class | ||||
Net assets | $2,816,947,535 | $1,824,055,421 | $149,048,190 | $69,412,599 |
Shares outstanding | 216,971,605 | 61,805,503 | 11,550,958 | 2,915,082 |
Net asset value per share(c) | $12.98 | $29.51 | $12.90 | $23.81 |
Institutional 2 Class | ||||
Net assets | $37,124,324 | $160,488,316 | $3,331,598 | $1,200,215 |
Shares outstanding | 2,698,576 | 5,442,302 | 240,150 | 49,992 |
Net asset value per share(c) | $13.76 | $29.49 | $13.87 | $24.01 |
Institutional 3 Class | ||||
Net assets | $54,688,157 | $198,933,497 | $55,248,280 | $8,627,439 |
Shares outstanding | 3,936,739 | 6,668,546 | 3,942,177 | 359,474 |
Net asset value per share(c) | $13.89 | $29.83 | $14.01 | $24.00 |
Class R | ||||
Net assets | $— | $10,048,820 | $— | $— |
Shares outstanding | — | 341,363 | — | — |
Net asset value per share(c) | $— | $29.44 | $— | $— |
(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. |
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December 31, 2018
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Assets | ||||
Investments in securities, at value | ||||
Unaffiliated issuers (cost $218,754,444, $—, $57,098,961, $64,555,660, respectively) | $230,388,055 | $— | $57,952,488 | $68,373,696 |
Affiliated issuers (cost $5,598,126, $648,924,554, $1,106,905, $133,382, respectively) | 5,598,126 | 645,263,490 | 1,106,905 | 133,382 |
Cash | — | 91,999 | — | — |
Foreign currency (cost $—, $—, $67,088, $—, respectively) | — | — | 67,389 | — |
Receivable for: | ||||
Investments sold | — | 4,104,364 | 308,319 | 11,585 |
Capital shares sold | 163,091 | 773,879 | 83,568 | 212,414 |
Dividends | 257,610 | 1,154,819 | 160,858 | 26,315 |
Securities lending income | 103 | — | — | — |
Foreign tax reclaims | — | — | 10,310 | 163,345 |
Expense reimbursement due from Investment Manager | — | 2,158 | 2,829 | 2,900 |
Reimbursement due from affiliates | — | — | 34,559 | — |
Prepaid expenses | 6,886 | 15,615 | 1,703 | 2,317 |
Trustees’ deferred compensation plan | 224,321 | — | — | — |
Total assets | 236,638,192 | 651,406,324 | 59,728,928 | 68,925,954 |
Liabilities | ||||
Payable for: | ||||
Investments purchased | — | 1,150,770 | 154,489 | — |
Capital shares purchased | 905,354 | 7,130,394 | 218,393 | 320,904 |
Distributions to shareholders | 726 | — | — | — |
Foreign capital gains taxes deferred | — | — | 135,319 | — |
Investment advisory fee | 12,522 | 5,321 | 6,060 | 6,684 |
Distribution and/or service fees | 2,183 | 17,728 | 1,213 | 1,186 |
Transfer agent fees | 28,692 | 81,274 | 9,973 | 8,281 |
Administration fees | 963 | 2,660 | 242 | 281 |
Trustees’ fees | — | 188,422 | 36,705 | 11,215 |
Compensation of chief compliance officer | 506 | 1,261 | 151 | 184 |
Audit fees | 42,555 | 29,275 | 46,555 | 46,555 |
Line of credit borrowings | — | 900,000 | — | — |
Other expenses | 25,725 | 46,337 | 33,559 | 25,083 |
Trustees’ deferred compensation plan | 224,321 | — | — | — |
Total liabilities | 1,243,547 | 9,553,442 | 642,659 | 420,373 |
Net assets applicable to outstanding capital stock | $235,394,645 | $641,852,882 | $59,086,269 | $68,505,581 |
Represented by | ||||
Paid in capital | 218,476,056 | 643,710,407 | 132,797,066 | 73,645,664 |
Total distributable earnings (loss) (Note 2) | 16,918,589 | (1,857,525) | (73,710,797) | (5,140,083) |
Total - representing net assets applicable to outstanding capital stock | $235,394,645 | $641,852,882 | $59,086,269 | $68,505,581 |
Columbia Acorn Family of Funds | Annual Report 2018 | 85 |
Table of Contents
December 31, 2018
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Class A | ||||
Net assets | $90,910,517 | $193,683,129 | $22,442,224 | $22,869,836 |
Shares outstanding | 8,792,082 | 13,981,533 | 2,090,050 | 1,469,338 |
Net asset value per share(a) | $10.34 | $13.85 | $10.74 | $15.56 |
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) | $10.97 | $14.69 | $11.40 | $16.51 |
Advisor Class | ||||
Net assets | $4,303,906 | $11,815,825 | $827,541 | $1,496,254 |
Shares outstanding | 341,793 | 861,043 | 76,280 | 95,426 |
Net asset value per share(c) | $12.59 | $13.72 | $10.85 | $15.68 |
Class C | ||||
Net assets | $3,854,873 | $166,291,602 | $9,137,920 | $8,770,220 |
Shares outstanding | 644,600 | 11,916,020 | 859,659 | 572,257 |
Net asset value per share(a) | $5.98 | $13.96 | $10.63 | $15.33 |
Institutional Class | ||||
Net assets | $119,464,556 | $253,123,490 | $25,476,033 | $32,812,674 |
Shares outstanding | 9,930,227 | 18,549,554 | 2,361,942 | 2,103,001 |
Net asset value per share(c) | $12.03 | $13.65 | $10.79 | $15.60 |
Institutional 2 Class | ||||
Net assets | $2,026,841 | $16,477,695 | $509,088 | $2,554,012 |
Shares outstanding | 159,922 | 1,199,450 | 46,881 | 161,896 |
Net asset value per share(c) | $12.67 | $13.74 | $10.86 | $15.78 |
Institutional 3 Class | ||||
Net assets | $14,833,952 | $461,141 | $693,463 | $2,585 |
Shares outstanding | 1,157,432 | 33,622 | 64,444 | 166 |
Net asset value per share(c) | $12.82 | $13.72 | $10.76 | $15.53(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. |
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Year Ended December 31, 2018
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Net investment income | ||||
Income: | ||||
Dividends — unaffiliated issuers | $40,215,192 | $78,585,732 | $2,972,412 | $2,099,316 |
Dividends — affiliated issuers | 626,471 | 536,387 | 84,599 | 34,282 |
Income from securities lending — net | 502,608 | 342,516 | 91,717 | 5,971 |
Foreign taxes withheld | (57,682) | (6,663,081) | (27,973) | (181,289) |
Total income | 41,286,589 | 72,801,554 | 3,120,755 | 1,958,280 |
Expenses: | ||||
Investment advisory fee | 31,455,072 | 31,457,852 | 3,140,973 | 1,078,537 |
Distribution and/or service fees | ||||
Class A | 2,213,309 | 1,045,019 | 131,655 | 69,152 |
Class C | 1,801,003 | 475,857 | 78,536 | 44,592 |
Class R | — | 62,582 | — | — |
Transfer agent fees | ||||
Class A | 827,283 | 493,300 | 69,469 | 40,116 |
Advisor Class | 44,227 | 70,199 | 24,394 | 1,732 |
Class C | 169,788 | 56,660 | 10,414 | 6,464 |
Institutional Class | 3,250,553 | 3,199,384 | 259,819 | 113,281 |
Institutional 2 Class | 26,443 | 182,441 | 4,517 | 586 |
Institutional 3 Class | 1,036 | 3,933 | 479 | 72 |
Class R | — | 14,752 | — | — |
Administration fees | 2,242,562 | 1,942,209 | 162,955 | 57,783 |
Trustees’ fees | 439,810 | 416,578 | 30,279 | 11,552 |
Custodian fees | 33,494 | 721,391 | 9,636 | 27,812 |
Printing and postage fees | 291,152 | 370,546 | 41,675 | 26,720 |
Registration fees | 101,887 | 123,067 | 86,514 | 87,348 |
Audit fees | 59,296 | 135,947 | 46,378 | 57,848 |
Legal fees | 680,107 | 596,467 | 49,255 | 17,628 |
Line of credit interest | — | 39 | 4,314 | — |
Compensation of chief compliance officer | 15,223 | 14,746 | 789 | 430 |
Other | 197,785 | 214,665 | 24,892 | 16,344 |
Total expenses | 43,850,030 | 41,597,634 | 4,176,943 | 1,657,997 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | — | — | (55,563) | (162,309) |
Fees waived by transfer agent | ||||
Class A | (207,556) | (33,492) | — | — |
Advisor Class | (11,155) | (5,914) | — | — |
Class C | (43,718) | (4,316) | — | — |
Institutional Class | (818,422) | (217,251) | — | — |
Institutional 2 Class | (844) | (12,355) | (491) | (127) |
Institutional 3 Class | (1,036) | (3,933) | (479) | (72) |
Class R | — | (983) | — | — |
Expense reduction | (7,700) | (8,672) | (1,420) | (640) |
Total net expenses | 42,759,599 | 41,310,718 | 4,118,990 | 1,494,849 |
Net investment income (loss) | (1,473,010) | 31,490,836 | (998,235) | 463,431 |
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Year Ended December 31, 2018
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 | $587,314,313 | $781,221,077 | $51,544,360 | $15,599,401 |
Investments — affiliated issuers | (18,511,645) | — | — | — |
Foreign currency translations | — | (1,618,469) | — | (50,130) |
Futures contracts | — | (11,785,180) | — | — |
Net realized gain | 568,802,668 | 767,817,428 | 51,544,360 | 15,549,271 |
Net change in unrealized appreciation (depreciation) on: | ||||
Investments — unaffiliated issuers | (728,314,990) | (1,335,717,769) | (53,702,262) | (30,643,125) |
Investments — affiliated issuers | (1,314,132) | — | — | — |
Foreign currency translations | — | (194,316) | — | (2,994) |
Foreign capital gains tax | — | — | — | 14,814 |
Net change in unrealized appreciation (depreciation) | (729,629,122) | (1,335,912,085) | (53,702,262) | (30,631,305) |
Net realized and unrealized loss | (160,826,454) | (568,094,657) | (2,157,902) | (15,082,034) |
Net decrease in net assets resulting from operations | $(162,299,464) | $(536,603,821) | $(3,156,137) | $(14,618,603) |
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Year Ended December 31, 2018
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Net investment income | ||||
Income: | ||||
Dividends — unaffiliated issuers | $3,347,404 | $19,032 | $1,922,434 | $2,340,365 |
Dividends — affiliated issuers | 58,197 | 16,321,982 | 17,928 | 11,604 |
Interest | — | 222 | — | — |
Income from securities lending — net | 2,667 | — | 16,126 | 23,913 |
Foreign taxes withheld | (16,284) | — | (147,060) | (204,779) |
Total income | 3,391,984 | 16,341,236 | 1,809,428 | 2,171,103 |
Expenses: | ||||
Investment advisory fee | 2,574,956 | 757,511 | 1,095,287 | 1,249,377 |
Distribution and/or service fees | ||||
Class A | 272,434 | 570,205 | 73,655 | 83,804 |
Class C | 142,517 | 2,074,515 | 131,023 | 142,068 |
Transfer agent fees | ||||
Class A | 151,648 | 233,742 | 36,608 | 37,977 |
Advisor Class | 7,574 | 14,440 | 1,369 | 3,943 |
Class C | 19,909 | 212,564 | 16,233 | 16,086 |
Institutional Class | 214,329 | 299,164 | 52,690 | 57,968 |
Institutional 2 Class | 1,199 | 8,682 | 479 | 2,714 |
Institutional 3 Class | 188 | 54 | 25 | 5 |
Administration fees | 144,437 | 361,110 | 41,876 | 51,074 |
Trustees’ fees | 28,573 | 73,555 | 8,905 | 10,316 |
Custodian fees | 4,306 | 2,338 | 84,447 | 44,363 |
Printing and postage fees | 43,796 | 82,466 | 23,034 | 24,079 |
Registration fees | 84,884 | 97,154 | 81,387 | 88,525 |
Audit fees | 43,878 | 30,598 | 77,069 | 47,878 |
Legal fees | 43,777 | 108,120 | 12,747 | 16,374 |
Line of credit interest | — | — | 869 | 1,991 |
Compensation of chief compliance officer | 1,003 | 2,476 | 318 | 396 |
Other | 21,822 | 41,293 | 16,237 | 19,910 |
Total expenses | 3,801,230 | 4,969,987 | 1,754,258 | 1,898,848 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (605,872) | (436,701) | (438,089) | (394,003) |
Fees waived by transfer agent | ||||
Class A | (31,777) | — | — | — |
Advisor Class | (1,594) | — | — | — |
Class C | (4,232) | — | — | — |
Institutional Class | (44,979) | — | — | — |
Institutional 2 Class | (155) | (912) | (86) | (295) |
Institutional 3 Class | (188) | (54) | (25) | (5) |
Expense reduction | (1,320) | (580) | (40) | — |
Total net expenses | 3,111,113 | 4,531,740 | 1,316,018 | 1,504,545 |
Net investment income | 280,871 | 11,809,496 | 493,410 | 666,558 |
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Year Ended December 31, 2018
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 | $38,584,900 | $— | $8,429,566 | $(558,557) |
Investments — affiliated issuers | — | 9,367,354 | — | — |
Capital gain distributions from underlying affiliated funds | — | 9,900,285 | — | — |
Foreign currency translations | — | — | (57,359) | (18,012) |
Net realized gain (loss) | 38,584,900 | 19,267,639 | 8,372,207 | (576,569) |
Net change in unrealized appreciation (depreciation) on: | ||||
Investments — unaffiliated issuers | (71,032,642) | — | (23,982,311) | (18,942,300) |
Investments — affiliated issuers | — | (32,423,879) | — | — |
Foreign currency translations | — | — | 1,350 | (4,741) |
Foreign capital gains tax | — | — | (101,472) | — |
Net change in unrealized appreciation (depreciation) | (71,032,642) | (32,423,879) | (24,082,433) | (18,947,041) |
Net realized and unrealized loss | (32,447,742) | (13,156,240) | (15,710,226) | (19,523,610) |
Net decrease in net assets resulting from operations | $(32,166,871) | $(1,346,744) | $(15,216,816) | $(18,857,052) |
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Columbia Acorn® Fund | Columbia Acorn International® | |||
Year Ended December 31, 2018 | Year Ended December 31, 2017 | Year Ended December 31, 2018 | Year Ended December 31, 2017 | |
Operations | ||||
Net investment income (loss) | $(1,473,010) | $1,039,192 | $31,490,836 | $39,851,045 |
Net realized gain | 568,802,668 | 1,176,258,449 | 767,817,428 | 451,888,883 |
Net change in unrealized appreciation (depreciation) | (729,629,122) | (110,071,852) | (1,335,912,085) | 880,348,446 |
Net increase (decrease) in net assets resulting from operations | (162,299,464) | 1,067,225,789 | (536,603,821) | 1,372,088,374 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (112,814,791) | (82,964,499) | ||
Advisor Class | (5,081,826) | (5,904,555) | ||
Class C | (34,387,755) | (7,690,257) | ||
Institutional Class | (373,295,790) | (540,013,173) | ||
Institutional 2 Class | (5,204,282) | (57,983,593) | ||
Institutional 3 Class | (6,583,918) | (62,135,761) | ||
Class R | — | (2,658,425) | ||
Net investment income | ||||
Class A | — | (7,118,778) | ||
Advisor Class | — | (1,687,012) | ||
Class B | — | (2,069) | ||
Class C | — | (387,660) | ||
Institutional Class | — | (57,030,081) | ||
Institutional 2 Class | — | (7,070,007) | ||
Institutional 3 Class | — | (8,860,457) | ||
Class R | — | (149,105) | ||
Net realized gains | ||||
Class A | (198,597,993) | (23,914,812) | ||
Advisor Class | (7,546,403) | (5,256,918) | ||
Class C | (98,221,494) | (3,412,394) | ||
Institutional Class | (708,224,553) | (160,560,346) | ||
Institutional 2 Class | (13,004,610) | (21,942,004) | ||
Institutional 3 Class | (11,007,435) | (35,892,439) | ||
Class R | — | (676,321) | ||
Total distributions to shareholders (Note 2) | (537,368,362) | (1,036,602,488) | (759,350,263) | (333,960,403) |
Decrease in net assets from capital stock activity | (140,140,835) | (221,183,341) | (1,085,574,576) | (784,106,134) |
Total increase (decrease) in net assets | (839,808,661) | (190,560,040) | (2,381,528,660) | 254,021,837 |
Net assets at beginning of year | 4,638,173,716 | 4,828,733,756 | 4,906,960,003 | 4,652,938,166 |
Net assets at end of year | $3,798,365,055 | $4,638,173,716 | $2,525,431,343 | $4,906,960,003 |
Undistributed (excess of distributions over) net investment income | $(1,994,706) | $(2,220,754) | $5,300,099 | $4,411,242 |
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Columbia Acorn USA® | Columbia Acorn International SelectSM | |||
Year Ended December 31, 2018 | Year Ended December 31, 2017 | Year Ended December 31, 2018 | Year Ended December 31, 2017 | |
Operations | ||||
Net investment income (loss) | $(998,235) | $(1,573,689) | $463,431 | $298,210 |
Net realized gain | 51,544,360 | 212,362,115 | 15,549,271 | 8,192,558 |
Net change in unrealized appreciation (depreciation) | (53,702,262) | (119,147,241) | (30,631,305) | 26,161,018 |
Net increase (decrease) in net assets resulting from operations | (3,156,137) | 91,641,185 | (14,618,603) | 34,651,786 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (8,375,728) | (1,884,728) | ||
Advisor Class | (2,089,581) | (88,392) | ||
Class C | (1,803,921) | (230,740) | ||
Institutional Class | (23,581,038) | (5,035,667) | ||
Institutional 2 Class | (718,944) | (87,496) | ||
Institutional 3 Class | (7,584,575) | (622,521) | ||
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 | (15,531,538) | — | ||
Advisor Class | (4,118,797) | — | ||
Class C | (4,827,537) | — | ||
Institutional Class | (61,910,319) | — | ||
Institutional 2 Class | (3,183,971) | — | ||
Institutional 3 Class | (12,346,845) | — | ||
Total distributions to shareholders (Note 2) | (44,153,787) | (101,919,007) | (7,949,544) | (270,796) |
Increase (decrease) in net assets from capital stock activity | 626,090 | (310,665,005) | 1,039,524 | (3,597,759) |
Total increase (decrease) in net assets | (46,683,834) | (320,942,827) | (21,528,623) | 30,783,231 |
Net assets at beginning of year | 322,677,598 | 643,620,425 | 130,794,804 | 100,011,573 |
Net assets at end of year | $275,993,764 | $322,677,598 | $109,266,181 | $130,794,804 |
Undistributed (excess of distributions over) net investment income | $(736,167) | $(254,453) | $359,960 | $(53,622) |
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Columbia Acorn SelectSM | Columbia Thermostat FundSM | |||
Year Ended December 31, 2018 | Year Ended December 31, 2017 | Year Ended December 31, 2018 | Year Ended December 31, 2017 | |
Operations | ||||
Net investment income (loss) | $280,871 | $(353,608) | $11,809,496 | $15,437,578 |
Net realized gain | 38,584,900 | 40,516,594 | 19,267,639 | 23,654,073 |
Net change in unrealized appreciation (depreciation) | (71,032,642) | 32,742,921 | (32,423,879) | 10,450,897 |
Net increase (decrease) in net assets resulting from operations | (32,166,871) | 72,905,907 | (1,346,744) | 49,542,548 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (20,308,218) | (10,673,840) | ||
Advisor Class | (881,008) | (708,559) | ||
Class C | (3,272,890) | (8,158,095) | ||
Institutional Class | (25,262,616) | (15,036,009) | ||
Institutional 2 Class | (361,405) | (900,690) | ||
Institutional 3 Class | (2,802,824) | (26,585) | ||
Net investment income | ||||
Class A | — | (9,278,829) | ||
Advisor Class | — | (559,209) | ||
Class C | — | (5,769,999) | ||
Institutional Class | — | (12,343,315) | ||
Institutional 2 Class | — | (468,756) | ||
Institutional 3 Class | — | (17,424) | ||
Net realized gains | ||||
Class A | (13,531,635) | (3,927,704) | ||
Advisor Class | (268,631) | (231,441) | ||
Class C | (4,068,306) | (3,875,776) | ||
Institutional Class | (17,384,449) | (4,913,074) | ||
Institutional 2 Class | (135,711) | (192,959) | ||
Institutional 3 Class | (2,568,205) | (7,159) | ||
Total distributions to shareholders (Note 2) | (52,888,961) | (37,956,937) | (35,503,778) | (41,585,645) |
Increase (decrease) in net assets from capital stock activity | 11,572,541 | (34,460,018) | (180,527,642) | (256,152,474) |
Total increase (decrease) in net assets | (73,483,291) | 488,952 | (217,378,164) | (248,195,571) |
Net assets at beginning of year | 308,877,936 | 308,388,984 | 859,231,046 | 1,107,426,617 |
Net assets at end of year | $235,394,645 | $308,877,936 | $641,852,882 | $859,231,046 |
Undistributed (excess of distributions over) net investment income | $(125,238) | $(231,199) | $(188,699) | $731,622 |
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Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||
Year Ended December 31, 2018 | Year Ended December 31, 2017 | Year Ended December 31, 2018 | Year Ended December 31, 2017(a) | |
Operations | ||||
Net investment income (loss) | $493,410 | $(23,854) | $666,558 | $318,469 |
Net realized gain (loss) | 8,372,207 | 4,959,333 | (576,569) | 2,113,437 |
Net change in unrealized appreciation (depreciation) | (24,082,433) | 26,081,316 | (18,947,041) | 17,443,548 |
Net increase (decrease) in net assets resulting from operations | (15,216,816) | 31,016,795 | (18,857,052) | 19,875,454 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (348,800) | (219,414) | ||
Advisor Class | (15,124) | (17,370) | ||
Class C | (56,171) | (95,170) | ||
Institutional Class | (452,975) | (336,429) | ||
Institutional 2 Class | (9,169) | (31,742) | ||
Institutional 3 Class | (13,183) | (20) | ||
Net investment income | ||||
Class A | — | (276,319) | ||
Advisor Class | — | (26,878) | ||
Class C | — | (21,994) | ||
Institutional Class | — | (555,415) | ||
Institutional 2 Class | — | (51,520) | ||
Institutional 3 Class | — | (2,414) | ||
Return of capital | ||||
Class A | (28,167) | — | — | — |
Advisor Class | (1,020) | — | — | — |
Class C | (11,141) | — | — | — |
Institutional Class | (30,545) | — | — | — |
Institutional 2 Class | (591) | — | — | — |
Institutional 3 Class | (823) | — | — | — |
Total distributions to shareholders (Note 2) | (967,709) | — | (700,145) | (934,540) |
Increase (decrease) in net assets from capital stock activity | (30,986,000) | (30,554,959) | (14,494,645) | 37,264,196 |
Increase from payment by affiliate (Note 6) | 34,559 | — | — | — |
Total increase (decrease) in net assets | (47,135,966) | 461,836 | (34,051,842) | 56,205,110 |
Net assets at beginning of year | 106,222,235 | 105,760,399 | 102,557,423 | 46,352,313 |
Net assets at end of year | $59,086,269 | $106,222,235 | $68,505,581 | $102,557,423 |
Excess of distributions over net investment income | $(319,394) | $(572,645) | $(139,042) | $(202,643) |
(a) | Institutional 3 Class shares are based on operations from March 1, 2017 (commencement of operations) through the stated period end. |
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Columbia Acorn® Fund | Columbia Acorn International® | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2018 | December 31, 2017 | December 31, 2018 | December 31, 2017 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 14,482,087 | 199,117,901 | 5,214,954 | 73,286,260 | 1,204,707 | 53,366,756 | 1,610,233 | 69,246,137 |
Distributions reinvested | 8,565,521 | 103,282,789 | 13,895,471 | 179,901,741 | 2,517,943 | 79,449,411 | 650,590 | 29,823,976 |
Redemptions | (15,172,354) | (202,514,211) | (24,594,980) | (349,452,663) | (3,686,910) | (156,642,002) | (7,526,663) | (320,009,215) |
Net increase (decrease) | 7,875,254 | 99,886,479 | (5,484,555) | (96,264,662) | 35,740 | (23,825,835) | (5,265,840) | (220,939,102) |
Advisor Class | ||||||||
Subscriptions | 1,389,865 | 23,281,479 | 1,188,440 | 20,475,315 | 370,989 | 17,261,530 | 507,657 | 22,001,991 |
Distributions reinvested | 286,808 | 4,437,619 | 404,423 | 6,463,098 | 162,265 | 5,894,237 | 149,964 | 6,941,523 |
Redemptions | (1,112,297) | (18,894,372) | (1,298,639) | (22,111,783) | (2,227,246) | (101,932,993) | (1,218,557) | (52,979,195) |
Net increase (decrease) | 564,376 | 8,824,726 | 294,224 | 4,826,630 | (1,693,992) | (78,777,226) | (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 | 1,447,676 | 9,225,458 | 1,151,804 | 9,081,597 | 65,481 | 2,775,489 | 90,241 | 3,793,139 |
Distributions reinvested | 5,636,603 | 32,972,060 | 14,018,509 | 94,772,247 | 241,578 | 7,481,172 | 83,543 | 3,674,876 |
Redemptions | (27,200,903) | (186,297,980) | (13,966,397) | (120,313,372) | (912,454) | (38,562,522) | (526,608) | (21,906,351) |
Net increase (decrease) | (20,116,624) | (144,100,462) | 1,203,916 | (16,459,528) | (605,395) | (28,305,861) | (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 | 7,560,930 | 122,219,111 | 11,660,704 | 189,841,275 | 2,947,643 | 124,432,793 | 7,013,514 | 296,426,276 |
Distributions reinvested | 23,112,853 | 341,236,718 | 41,736,204 | 640,071,038 | 13,084,488 | 412,927,075 | 3,676,468 | 168,682,272 |
Redemptions | (35,160,985) | (557,342,383) | (55,995,598) | (919,152,154) | (21,151,836) | (898,058,188) | (32,696,730) | (1,462,774,955) |
Net decrease | (4,487,202) | (93,886,554) | (2,598,690) | (89,239,841) | (5,119,705) | (360,698,320) | (22,006,748) | (997,666,407) |
Institutional 2 Class | ||||||||
Subscriptions | 973,489 | 16,597,800 | 1,892,132 | 34,420,349 | 1,564,761 | 72,479,772 | 4,209,934 | 183,599,629 |
Distributions reinvested | 328,128 | 5,203,420 | 809,341 | 13,002,370 | 1,121,675 | 36,095,844 | 525,236 | 24,092,915 |
Redemptions | (2,796,573) | (48,203,357) | (1,361,035) | (23,541,410) | (6,330,859) | (270,594,603) | (3,251,747) | (145,206,557) |
Net increase (decrease) | (1,494,956) | (26,402,137) | 1,340,438 | 23,881,309 | (3,644,423) | (162,018,987) | 1,483,423 | 62,485,987 |
Institutional 3 Class | ||||||||
Subscriptions | 3,490,426 | 59,038,867 | 3,152,141 | 55,149,044 | 4,105,290 | 192,225,142 | 14,596,689 | 678,353,931 |
Distributions reinvested | 417,329 | 6,583,918 | 669,887 | 11,007,435 | 1,430,787 | 47,433,802 | 964,050 | 44,705,035 |
Redemptions | (2,880,541) | (50,085,672) | (5,871,346) | (102,670,389) | (14,314,023) | (673,079,067) | (6,419,328) | (294,475,318) |
Net increase (decrease) | 1,027,214 | 15,537,113 | (2,049,318) | (36,513,910) | (8,777,946) | (433,420,123) | 9,141,411 | 428,583,648 |
Class R | ||||||||
Subscriptions | — | — | — | — | 111,819 | 4,932,695 | 247,904 | 10,356,515 |
Distributions reinvested | — | — | — | — | 81,344 | 2,552,399 | 17,022 | 780,530 |
Redemptions | — | — | — | — | (135,987) | (6,013,318) | (103,693) | (4,534,926) |
Net increase | — | — | — | — | 57,176 | 1,471,776 | 161,233 | 6,602,119 |
Total net decrease | (16,631,938) | (140,140,835) | (7,998,345) | (221,183,341) | (19,748,545) | (1,085,574,576) | (18,000,779) | (784,106,134) |
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Columbia Acorn USA® | Columbia Acorn International SelectSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2018 | December 31, 2017 | December 31, 2018 | December 31, 2017 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 1,376,744 | 18,267,295 | 488,025 | 7,442,932 | 375,760 | 10,651,053 | 433,475 | 11,022,848 |
Distributions reinvested | 699,793 | 7,935,061 | 1,137,099 | 14,397,674 | 77,655 | 1,824,896 | 318 | 9,147 |
Redemptions | (1,134,480) | (14,506,433) | (3,181,282) | (49,739,118) | (252,530) | (7,123,558) | (466,338) | (11,345,132) |
Net increase (decrease) | 942,057 | 11,695,923 | (1,556,158) | (27,898,512) | 200,885 | 5,352,391 | (32,545) | (313,137) |
Advisor Class | ||||||||
Subscriptions | 837,779 | 15,358,547 | 591,993 | 11,469,434 | 38,028 | 1,123,008 | 22,202 | 594,789 |
Distributions reinvested | 136,861 | 2,089,581 | 255,091 | 4,118,796 | 3,664 | 88,202 | 156 | 4,554 |
Redemptions | (933,018) | (16,954,707) | (174,410) | (3,344,051) | (53,440) | (1,565,189) | (11,360) | (303,363) |
Net increase (decrease) | 41,622 | 493,421 | 672,674 | 12,244,179 | (11,748) | (353,979) | 10,998 | 295,980 |
Class C | ||||||||
Subscriptions | 313,173 | 2,077,318 | 99,275 | 974,077 | 36,333 | 979,251 | 27,511 | 676,101 |
Distributions reinvested | 334,238 | 1,774,726 | 703,494 | 4,761,201 | 10,568 | 227,625 | — | — |
Redemptions | (1,122,430) | (7,883,868) | (510,499) | (5,076,159) | (105,985) | (2,845,286) | (57,659) | (1,371,955) |
Net increase (decrease) | (475,019) | (4,031,824) | 292,270 | 659,119 | (59,084) | (1,638,410) | (30,148) | (695,854) |
Class I | ||||||||
Redemptions | — | — | (70) | (1,266) | — | — | (92) | (2,211) |
Net decrease | — | — | (70) | (1,266) | — | — | (92) | (2,211) |
Institutional Class | ||||||||
Subscriptions | 1,614,982 | 26,732,776 | 1,272,209 | 22,899,278 | 793,679 | 22,244,906 | 632,322 | 15,614,831 |
Distributions reinvested | 1,536,419 | 22,101,744 | 3,701,495 | 58,121,333 | 184,011 | 4,394,183 | 5,869 | 170,675 |
Redemptions | (4,055,929) | (65,587,290) | (21,166,533) | (389,628,621) | (1,114,888) | (32,550,369) | (992,393) | (25,627,432) |
Net decrease | (904,528) | (16,752,770) | (16,192,829) | (308,608,010) | (137,198) | (5,911,280) | (354,202) | (9,841,926) |
Institutional 2 Class | ||||||||
Subscriptions | 265,478 | 4,960,411 | 494,678 | 10,218,003 | 29,291 | 879,117 | 6,125 | 155,951 |
Distributions reinvested | 44,378 | 718,791 | 194,941 | 3,183,608 | 3,628 | 87,329 | 65 | 1,913 |
Redemptions | (694,916) | (12,588,773) | (828,227) | (15,512,332) | (3,773) | (108,283) | (5,576) | (139,156) |
Net increase (decrease) | (385,060) | (6,909,571) | (138,608) | (2,110,721) | 29,146 | 858,163 | 614 | 18,708 |
Institutional 3 Class | ||||||||
Subscriptions | 1,017,530 | 18,563,862 | 540,484 | 10,276,457 | 131,427 | 3,864,719 | 268,318 | 7,467,361 |
Distributions reinvested | 486,992 | 7,516,430 | 694,408 | 11,402,230 | 25,856 | 622,353 | 914 | 26,725 |
Redemptions | (559,482) | (9,949,381) | (340,563) | (6,628,481) | (60,597) | (1,754,433) | (21,261) | (553,405) |
Net increase | 945,040 | 16,130,911 | 894,329 | 15,050,206 | 96,686 | 2,732,639 | 247,971 | 6,940,681 |
Total net increase (decrease) | 164,112 | 626,090 | (16,028,392) | (310,665,005) | 118,687 | 1,039,524 | (157,404) | (3,597,759) |
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Columbia Acorn SelectSM | Columbia Thermostat FundSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2018 | December 31, 2017 | December 31, 2018 | December 31, 2017 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 1,647,135 | 23,680,572 | 831,684 | 11,552,003 | 1,333,900 | 19,378,036 | 1,609,689 | 23,841,063 |
Distributions reinvested | 1,474,425 | 18,023,829 | 859,784 | 11,678,407 | 720,600 | 10,054,448 | 840,860 | 12,338,875 |
Redemptions | (1,604,835) | (22,562,970) | (3,504,699) | (48,437,824) | (5,687,410) | (82,591,620) | (12,154,415) | (179,914,818) |
Net increase (decrease) | 1,516,725 | 19,141,431 | (1,813,231) | (25,207,414) | (3,632,910) | (53,159,136) | (9,703,866) | (143,734,880) |
Advisor Class | ||||||||
Subscriptions | 81,585 | 1,421,965 | 297,546 | 4,898,165 | 151,388 | 2,184,819 | 565,162 | 8,354,290 |
Distributions reinvested | 59,074 | 881,008 | 16,388 | 268,631 | 51,274 | 708,407 | 54,380 | 790,505 |
Redemptions | (124,115) | (2,084,875) | (45,047) | (730,797) | (460,433) | (6,620,916) | (582,985) | (8,576,681) |
Net increase (decrease) | 16,544 | 218,098 | 268,887 | 4,435,999 | (257,771) | (3,727,690) | 36,557 | 568,114 |
Class C | ||||||||
Subscriptions | 88,638 | 780,854 | 86,931 | 825,976 | 511,824 | 7,413,115 | 1,107,876 | 16,440,929 |
Distributions reinvested | 367,957 | 3,083,783 | 428,882 | 3,895,445 | 477,573 | 6,731,929 | 536,248 | 7,916,684 |
Redemptions | (2,163,962) | (20,060,290) | (1,148,372) | (11,025,586) | (6,092,400) | (88,882,083) | (7,807,143) | (116,029,441) |
Net decrease | (1,707,367) | (16,195,653) | (632,559) | (6,304,165) | (5,103,003) | (74,737,039) | (6,163,019) | (91,671,828) |
Class I | ||||||||
Redemptions | — | — | (738,244) | (11,402,065) | — | — | — | — |
Net decrease | — | — | (738,244) | (11,402,065) | — | — | — | — |
Institutional Class | ||||||||
Subscriptions | 532,047 | 8,619,479 | 1,381,191 | 21,252,498 | 3,997,657 | 57,171,246 | 8,573,428 | 125,070,056 |
Distributions reinvested | 1,656,299 | 23,698,931 | 1,040,184 | 15,939,038 | 792,087 | 10,877,990 | 844,055 | 12,217,159 |
Redemptions | (1,788,491) | (28,387,175) | (2,758,485) | (43,032,113) | (8,455,329) | (120,813,058) | (10,927,093) | (160,162,349) |
Net increase (decrease) | 399,855 | 3,931,235 | (337,110) | (5,840,577) | (3,665,585) | (52,763,822) | (1,509,610) | (22,875,134) |
Institutional 2 Class | ||||||||
Subscriptions | 57,873 | 1,009,610 | 61,419 | 987,353 | 474,655 | 6,839,482 | 385,136 | 5,673,263 |
Distributions reinvested | 24,396 | 361,145 | 8,423 | 135,545 | 65,250 | 900,690 | 45,470 | 661,715 |
Redemptions | (22,767) | (390,419) | (37,575) | (614,799) | (267,887) | (3,847,004) | (333,143) | (4,893,764) |
Net increase | 59,502 | 980,336 | 32,267 | 508,099 | 272,018 | 3,893,168 | 97,463 | 1,441,214 |
Institutional 3 Class | ||||||||
Subscriptions | 1,992,595 | 33,938,673 | 1,808,898 | 29,600,372 | 6,170 | 89,446 | 36,425 | 537,605 |
Distributions reinvested | 185,160 | 2,802,564 | 161,019 | 2,568,039 | 1,918 | 26,442 | 1,683 | 24,446 |
Redemptions | (1,880,769) | (33,244,143) | (1,396,136) | (22,818,306) | (10,380) | (149,011) | (29,767) | (442,011) |
Net increase (decrease) | 296,986 | 3,497,094 | 573,781 | 9,350,105 | (2,292) | (33,123) | 8,341 | 120,040 |
Total net increase (decrease) | 582,245 | 11,572,541 | (2,646,209) | (34,460,018) | (12,389,543) | (180,527,642) | (17,234,134) | (256,152,474) |
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Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2018 | December 31, 2017 | December 31, 2018 | December 31, 2017(a) | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 359,020 | 4,465,310 | 441,162 | 5,127,794 | 802,766 | 15,619,783 | 1,140,391 | 20,187,059 |
Distributions reinvested | 34,864 | 373,040 | — | — | 10,793 | 219,313 | 14,776 | 276,319 |
Redemptions | (870,709) | (10,745,642) | (2,868,148) | (31,102,071) | (1,030,128) | (19,193,737) | (1,330,219) | (21,179,443) |
Net decrease | (476,825) | (5,907,292) | (2,426,986) | (25,974,277) | (216,569) | (3,354,641) | (175,052) | (716,065) |
Advisor Class | ||||||||
Subscriptions | 23,068 | 293,516 | 47,248 | 568,561 | 187,846 | 3,709,574 | 126,977 | 2,378,990 |
Distributions reinvested | 1,489 | 16,102 | — | — | 849 | 17,351 | 1,412 | 26,840 |
Redemptions | (48,209) | (606,821) | (78,974) | (905,107) | (245,227) | (4,686,268) | (1,986) | (33,180) |
Net increase (decrease) | (23,652) | (297,203) | (31,726) | (336,546) | (56,532) | (959,343) | 126,403 | 2,372,650 |
Class C | ||||||||
Subscriptions | 51,305 | 644,223 | 86,043 | 990,408 | 198,850 | 3,839,604 | 337,990 | 5,828,257 |
Distributions reinvested | 6,305 | 66,771 | — | — | 4,735 | 95,138 | 1,230 | 21,994 |
Redemptions | (385,778) | (4,633,912) | (483,515) | (5,492,520) | (361,749) | (6,657,723) | (117,103) | (1,947,925) |
Net increase (decrease) | (328,168) | (3,922,918) | (397,472) | (4,502,112) | (158,164) | (2,722,981) | 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 | 339,519 | 4,283,831 | 2,164,060 | 23,600,425 | 1,355,100 | 26,110,809 | 2,162,206 | 36,835,519 |
Distributions reinvested | 42,914 | 460,898 | — | — | 16,480 | 335,198 | 29,529 | 554,395 |
Redemptions | (2,038,425) | (25,173,138) | (2,100,848) | (24,137,744) | (1,809,806) | (33,173,356) | (454,340) | (7,965,911) |
Net increase (decrease) | (1,655,992) | (20,428,409) | 63,212 | (537,319) | (438,226) | (6,727,349) | 1,737,395 | 29,424,003 |
Institutional 2 Class | ||||||||
Subscriptions | 7,090 | 91,329 | 34,601 | 400,968 | 168,588 | 3,341,522 | 283,318 | 5,035,710 |
Distributions reinvested | 903 | 9,760 | — | — | 1,543 | 31,723 | 2,733 | 51,481 |
Redemptions | (38,077) | (485,026) | (38,991) | (455,733) | (213,125) | (3,888,136) | (169,753) | (2,999,705) |
Net increase (decrease) | (30,084) | (383,937) | (4,390) | (54,765) | (42,994) | (514,891) | 116,298 | 2,087,486 |
Institutional 3 Class | ||||||||
Subscriptions | 20,711 | 263,504 | 72,757 | 905,959 | 39 | 763 | 11,313 | 202,597 |
Distributions reinvested | 1,303 | 13,965 | — | — | — | — | 126 | 2,367 |
Redemptions | (26,296) | (323,710) | (4,221) | (53,647) | (10,843) | (216,203) | (469) | (8,468) |
Net increase (decrease) | (4,282) | (46,241) | 68,536 | 852,312 | (10,804) | (215,440) | 10,970 | 196,496 |
Total net increase (decrease) | (2,519,003) | (30,986,000) | (2,729,031) | (30,554,959) | (923,289) | (14,494,645) | 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. |
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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 realized gains | Total distributions to shareholders | |
Class A | ||||||
Year Ended 12/31/2018 | $12.92 | (0.03) | (0.48) | (0.51) | (1.76) | (1.76) |
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)(e) | (0.39) | (12.28) | (12.28) |
Year Ended 12/31/2014 | $35.78 | (0.08) | 0.21 | 0.13 | (5.61) | (5.61) |
Advisor Class | ||||||
Year Ended 12/31/2018 | $16.06 | 0.01 | (0.64) | (0.63) | (1.80) | (1.80) |
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(f) | 1.97 | 1.97 | (5.98) | (5.98) |
Year Ended 12/31/2015 | $32.51 | (0.07) | (0.32)(e) | (0.39) | (12.28) | (12.28) |
Year Ended 12/31/2014 | $37.88 | 0.02 | 0.22 | 0.24 | (5.61) | (5.61) |
Class C | ||||||
Year Ended 12/31/2018 | $6.58 | (0.06) | (0.17) | (0.23) | (1.66) | (1.66) |
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)(e) | (0.48) | (12.28) | (12.28) |
Year Ended 12/31/2014 | $31.64 | (0.28) | 0.17 | (0.11) | (5.61) | (5.61) |
Institutional Class | ||||||
Year Ended 12/31/2018 | $15.39 | 0.01 | (0.62) | (0.61) | (1.80) | (1.80) |
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)(e) | (0.33) | (12.28) | (12.28) |
Year Ended 12/31/2014 | $37.32 | 0.02 | 0.22 | 0.24 | (5.61) | (5.61) |
Institutional 2 Class | ||||||
Year Ended 12/31/2018 | $16.20 | 0.01 | (0.65) | (0.64) | (1.80) | (1.80) |
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)(e) | (0.35) | (12.28) | (12.28) |
Year Ended 12/31/2014 | $37.89 | 0.04 | 0.23 | 0.27 | (5.61) | (5.61) |
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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 | |||||||
Year Ended 12/31/2018 | $10.65 | (5.22%)(b) | 1.10% | 1.08%(c) | (0.20%) | 66% | $768,031 |
Year Ended 12/31/2017 | $12.92 | 24.91% | 1.09% | 1.08%(c) | (0.13%) | 72% | $830,454 |
Year Ended 12/31/2016 | $13.35 | 10.06% | 1.10%(d) | 1.10%(d) | (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 |
Advisor Class | |||||||
Year Ended 12/31/2018 | $13.63 | (5.00%)(b) | 0.85% | 0.83%(c) | 0.05% | 66% | $40,425 |
Year Ended 12/31/2017 | $16.06 | 25.19% | 0.84% | 0.83%(c) | 0.12% | 72% | $38,588 |
Year Ended 12/31/2016 | $15.83 | 10.32% | 0.89%(d) | 0.89%(d) | 0.00%(f) | 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 |
Class C | |||||||
Year Ended 12/31/2018 | $4.69 | (5.86%)(b) | 1.85% | 1.82%(c) | (0.94%) | 66% | $81,149 |
Year Ended 12/31/2017 | $6.58 | 23.88% | 1.84% | 1.83%(c) | (0.88%) | 72% | $246,450 |
Year Ended 12/31/2016 | $8.34 | 9.29% | 1.84%(d) | 1.84%(d) | (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 |
Institutional Class | |||||||
Year Ended 12/31/2018 | $12.98 | (5.09%)(b) | 0.85% | 0.83%(c) | 0.05% | 66% | $2,816,948 |
Year Ended 12/31/2017 | $15.39 | 25.24% | 0.84% | 0.83%(c) | 0.12% | 72% | $3,407,214 |
Year Ended 12/31/2016 | $15.29 | 10.39% | 0.82%(d) | 0.82%(d) | 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 |
Institutional 2 Class | |||||||
Year Ended 12/31/2018 | $13.76 | (5.00%)(b) | 0.81% | 0.80% | 0.08% | 66% | $37,124 |
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%(d) | 0.81%(d) | 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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 101 |
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 realized gains | Total distributions to shareholders | |
Institutional 3 Class | ||||||
Year Ended 12/31/2018 | $16.34 | 0.02 | (0.66) | (0.64) | (1.81) | (1.81) |
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)(e) | (0.33) | (12.28) | (12.28) |
Year Ended 12/31/2014 | $37.93 | 0.05 | 0.24 | 0.29 | (5.61) | (5.61) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Ratios include line of credit interest expense which is less than 0.01%. |
(e) | 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. |
(f) | Rounds to zero. |
102 | Columbia Acorn Family of Funds | Annual 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 | |||||||
Year Ended 12/31/2018 | $13.89 | (4.98%)(b) | 0.76% | 0.76% | 0.13% | 66% | $54,688 |
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%(d) | 0.76%(d) | 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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 103 |
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 | |||||||
Year Ended 12/31/2018 | $46.51 | 0.23 | (7.41) | (7.18) | (0.29) | (9.56) | (9.85) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2018 | $46.95 | 0.46 | (7.61) | (7.15) | (0.40) | (9.56) | (9.96) |
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) |
Class C | |||||||
Year Ended 12/31/2018 | $44.57 | (0.05) | (7.09) | (7.14) | (0.24) | (9.56) | (9.80) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2018 | $46.57 | 0.34 | (7.44) | (7.10) | (0.40) | (9.56) | (9.96) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2018 | $46.54 | 0.37 | (7.43) | (7.06) | (0.43) | (9.56) | (9.99) |
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) |
Institutional 3 Class | |||||||
Year Ended 12/31/2018 | $46.95 | 0.51 | (7.62) | (7.11) | (0.45) | (9.56) | (10.01) |
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) |
104 | Columbia Acorn Family of Funds | Annual 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 | |||||||
Year Ended 12/31/2018 | $29.48 | (16.13%)(b) | 1.25%(c) | 1.24%(c),(d) | 0.51% | 32% | $296,349 |
Year Ended 12/31/2017 | $46.51 | 31.91%(b) | 1.23% | 1.20%(d) | 0.56% | 37% | $465,830 |
Year Ended 12/31/2016 | $37.71 | (2.51%)(b) | 1.27% | 1.23% | 0.90% | 46% | $576,235 |
Year Ended 12/31/2015 | $39.08 | (1.59%)(b) | 1.28% | 1.24% | 0.93% | 50% | $812,479 |
Year Ended 12/31/2014 | $41.68 | (4.58%)(b) | 1.26% | 1.22% | 0.91% | 28% | $946,553 |
Advisor Class | |||||||
Year Ended 12/31/2018 | $29.84 | (15.90%)(b) | 1.00%(c) | 0.99%(c),(d) | 0.97% | 32% | $12,740 |
Year Ended 12/31/2017 | $46.95 | 32.21% | 0.98% | 0.98%(d) | 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 |
Class C | |||||||
Year Ended 12/31/2018 | $27.63 | (16.76%)(b) | 2.00%(c) | 1.99%(c),(d) | (0.11%) | 32% | $22,817 |
Year Ended 12/31/2017 | $44.57 | 30.93%(b) | 1.98% | 1.97%(d) | (0.15%) | 37% | $63,787 |
Year Ended 12/31/2016 | $36.18 | (3.26%)(b) | 2.01% | 1.99% | 0.13% | 46% | $64,548 |
Year Ended 12/31/2015 | $37.65 | (2.33%)(b) | 2.01% | 1.99% | 0.18% | 50% | $88,606 |
Year Ended 12/31/2014 | $40.20 | (5.27%)(b) | 1.99% | 1.97% | 0.16% | 28% | $103,691 |
Institutional Class | |||||||
Year Ended 12/31/2018 | $29.51 | (15.93%)(b) | 1.00%(c) | 0.99%(c),(d) | 0.76% | 32% | $1,824,055 |
Year Ended 12/31/2017 | $46.57 | 32.24% | 0.98% | 0.98%(d) | 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 |
Institutional 2 Class | |||||||
Year Ended 12/31/2018 | $29.49 | (15.85%)(b) | 0.93%(c) | 0.93%(c) | 0.81% | 32% | $160,488 |
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 |
Institutional 3 Class | |||||||
Year Ended 12/31/2018 | $29.83 | (15.82%)(b) | 0.88%(c) | 0.88%(c) | 1.10% | 32% | $198,933 |
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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 105 |
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 | |||||||
Year Ended 12/31/2018 | $46.51 | 0.12 | (7.39) | (7.27) | (0.24) | (9.56) | (9.80) |
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) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | Ratios include line of credit interest expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
106 | Columbia Acorn Family of Funds | Annual 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 | |||||||
Year Ended 12/31/2018 | $29.44 | (16.32%)(b) | 1.50%(c) | 1.49%(c),(d) | 0.26% | 32% | $10,049 |
Year Ended 12/31/2017 | $46.51 | 31.58% | 1.49% | 1.48%(d) | 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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 107 |
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 | ||||||
Year Ended 12/31/2018 | $12.48 | (0.07) | (0.04) | (0.11) | (2.09) | (2.09) |
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) |
Advisor Class | ||||||
Year Ended 12/31/2018 | $16.08 | (0.05) | (0.09) | (0.14) | (2.17) | (2.17) |
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) |
Class C | ||||||
Year Ended 12/31/2018 | $6.56 | (0.09) | 0.04(e) | (0.05) | (1.99) | (1.99) |
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) |
Institutional Class | ||||||
Year Ended 12/31/2018 | $15.21 | (0.04) | (0.09) | (0.13) | (2.18) | (2.18) |
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) |
Institutional 2 Class | ||||||
Year Ended 12/31/2018 | $16.21 | (0.03) | (0.11) | (0.14) | (2.20) | (2.20) |
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) |
108 | Columbia Acorn Family of Funds | Annual 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 | |||||||
Year Ended 12/31/2018 | $10.28 | (2.15%)(b) | 1.44%(c) | 1.42%(c),(d) | (0.49%) | 86% | $49,179 |
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 |
Advisor Class | |||||||
Year Ended 12/31/2018 | $13.77 | (1.91%)(b) | 1.18%(c) | 1.17%(c),(d) | (0.27%) | 86% | $14,579 |
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 |
Class C | |||||||
Year Ended 12/31/2018 | $4.52 | (2.92%)(b) | 2.19%(c) | 2.17%(c),(d) | (1.30%) | 86% | $4,608 |
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 |
Institutional Class | |||||||
Year Ended 12/31/2018 | $12.90 | (1.98%)(b) | 1.18%(c) | 1.17%(c),(d) | (0.26%) | 86% | $149,048 |
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 |
Institutional 2 Class | |||||||
Year Ended 12/31/2018 | $13.87 | (1.89%)(b) | 1.11%(c) | 1.09%(c) | (0.19%) | 86% | $3,332 |
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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 109 |
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 | ||||||
Year Ended 12/31/2018 | $16.36 | (0.02) | (0.11) | (0.13) | (2.22) | (2.22) |
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) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | Ratios include line of credit interest expense which is less than 0.01%. |
(d) | The benefits derived from 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 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. |
110 | Columbia Acorn Family of Funds | Annual 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 | |||||||
Year Ended 12/31/2018 | $14.01 | (1.86%)(b) | 1.06%(c) | 1.04%(c) | (0.11%) | 86% | $55,248 |
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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 111 |
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 | ||||||||
Year Ended 12/31/2018 | $28.89 | 0.06 | (3.66) | (3.60) | — | (1.85) | — | (1.85) |
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(d) | 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) |
Advisor Class | ||||||||
Year Ended 12/31/2018 | $29.46 | 0.09 | (3.70) | (3.61) | — | (1.85) | — | (1.85) |
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(d) | 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) |
Class C | ||||||||
Year Ended 12/31/2018 | $26.85 | (0.12) | (3.40) | (3.52) | — | (1.85) | — | (1.85) |
Year Ended 12/31/2017 | $19.99 | (0.15) | 7.01 | 6.86 | — | — | — | — |
Year Ended 12/31/2016 | $19.96 | (0.06) | 0.09(d) | 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) |
Institutional Class | ||||||||
Year Ended 12/31/2018 | $29.25 | 0.14 | (3.73) | (3.59) | — | (1.85) | — | (1.85) |
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(d) | 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) |
Institutional 2 Class | ||||||||
Year Ended 12/31/2018 | $29.44 | 0.11 | (3.69) | (3.58) | — | (1.85) | — | (1.85) |
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(d) | 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) |
112 | Columbia Acorn Family of Funds | Annual 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 | ||||||||
Year Ended 12/31/2018 | — | $23.44 | (12.46%)(b) | 1.54% | 1.40%(c) | 0.20% | 48% | $26,073 |
Year Ended 12/31/2017 | — | $28.89 | 35.30%(b) | 1.54% | 1.40%(c) | 0.07% | 49% | $26,336 |
Year Ended 12/31/2016 | — | $21.36 | 0.90%(b) | 1.55%(e) | 1.48%(e) | 0.49% | 49% | $20,165 |
Year Ended 12/31/2015 | 0.00(f) | $21.33 | (1.30%)(g) | 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 |
Advisor Class | ||||||||
Year Ended 12/31/2018 | — | $24.00 | (12.26%)(b) | 1.29% | 1.15%(c) | 0.31% | 48% | $1,201 |
Year Ended 12/31/2017 | — | $29.46 | 35.67%(b) | 1.29% | 1.15%(c) | 0.30% | 49% | $1,820 |
Year Ended 12/31/2016 | — | $21.77 | 1.15%(b) | 1.29%(e) | 1.21%(e) | 0.77% | 49% | $1,106 |
Year Ended 12/31/2015 | 0.00(f) | $21.74 | (1.00%)(g) | 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 |
Class C | ||||||||
Year Ended 12/31/2018 | — | $21.48 | (13.11%)(b) | 2.28% | 2.15%(c) | (0.43%) | 48% | $2,752 |
Year Ended 12/31/2017 | — | $26.85 | 34.32%(b) | 2.29% | 2.15%(c) | (0.64%) | 49% | $5,027 |
Year Ended 12/31/2016 | — | $19.99 | 0.15%(b) | 2.31%(e) | 2.23%(e) | (0.29%) | 49% | $4,346 |
Year Ended 12/31/2015 | 0.00(f) | $19.96 | (2.05%)(g) | 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 |
Institutional Class | ||||||||
Year Ended 12/31/2018 | — | $23.81 | (12.28%)(b) | 1.28% | 1.15%(c) | 0.47% | 48% | $69,413 |
Year Ended 12/31/2017 | — | $29.25 | 35.70%(b) | 1.29% | 1.15%(c) | 0.36% | 49% | $89,266 |
Year Ended 12/31/2016 | — | $21.61 | 1.18%(b) | 1.26%(e) | 1.19%(e) | 0.74% | 49% | $73,631 |
Year Ended 12/31/2015 | 0.00(f) | $21.58 | (1.03%)(g) | 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 |
Institutional 2 Class | ||||||||
Year Ended 12/31/2018 | — | $24.01 | (12.16%)(b) | 1.21% | 1.06% | 0.36% | 48% | $1,200 |
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%(e) | 1.19%(e) | 0.76% | 49% | $440 |
Year Ended 12/31/2015 | 0.00(f) | $21.72 | (0.94%)(g) | 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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 113 |
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 | ||||||||
Year Ended 12/31/2018 | $29.42 | 0.17 | (3.74) | (3.57) | — | (1.85) | — | (1.85) |
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(d) | 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) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the 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. |
(e) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
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% |
(f) | Rounds to zero. |
(g) | The Fund received proceeds from regulatory settlements. Had the Fund not received these proceeds, the total return would have been lower by 0.02%. |
114 | Columbia Acorn Family of Funds | Annual 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 | ||||||||
Year Ended 12/31/2018 | — | $24.00 | (12.14%)(b) | 1.14% | 1.02% | 0.58% | 48% | $8,627 |
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%(e) | 1.04%(e) | 0.74% | 49% | $322 |
Year Ended 12/31/2015 | 0.00(f) | $21.71 | (0.89%)(g) | 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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 115 |
Table of Contents
Columbia Acorn SelectSM
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 | ||||||
Year Ended 12/31/2018 | $14.62 | (0.00)(b) | (1.52) | (1.52) | (2.76) | (2.76) |
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) |
Advisor Class | ||||||
Year Ended 12/31/2018 | $17.19 | 0.04 | (1.85) | (1.81) | (2.79) | (2.79) |
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) |
Class C | ||||||
Year Ended 12/31/2018 | $9.59 | (0.08) | (0.88) | (0.96) | (2.65) | (2.65) |
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) |
Institutional Class | ||||||
Year Ended 12/31/2018 | $16.54 | 0.04 | (1.76) | (1.72) | (2.79) | (2.79) |
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) |
Institutional 2 Class | ||||||
Year Ended 12/31/2018 | $17.28 | 0.05 | (1.86) | (1.81) | (2.80) | (2.80) |
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) |
116 | Columbia Acorn Family of Funds | Annual Report 2018 |
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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 | |||||||
Year Ended 12/31/2018 | $10.34 | (12.71%)(c) | 1.38% | 1.15%(d) | (0.02%) | 60% | $90,911 |
Year Ended 12/31/2017 | $14.62 | 26.42%(c) | 1.37% | 1.16%(d) | (0.20%) | 41% | $106,330 |
Year Ended 12/31/2016 | $13.13 | 11.54%(c) | 1.37% | 1.17% | (0.27%) | 75% | $119,364 |
Year Ended 12/31/2015 | $13.94 | (0.73%)(c) | 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 |
Advisor Class | |||||||
Year Ended 12/31/2018 | $12.59 | (12.50%)(c) | 1.13% | 0.90%(d) | 0.22% | 60% | $4,304 |
Year Ended 12/31/2017 | $17.19 | 26.71%(c) | 1.14% | 0.91%(d) | 0.05% | 41% | $5,590 |
Year Ended 12/31/2016 | $15.13 | 11.86%(c) | 1.13% | 0.93% | (0.02%) | 75% | $853 |
Year Ended 12/31/2015 | $15.69 | (0.53%)(c) | 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 |
Class C | |||||||
Year Ended 12/31/2018 | $5.98 | (13.32%)(c) | 2.13% | 1.90%(d) | (0.83%) | 60% | $3,855 |
Year Ended 12/31/2017 | $9.59 | 25.40%(c) | 2.12% | 1.91%(d) | (0.95%) | 41% | $22,559 |
Year Ended 12/31/2016 | $9.22 | 10.67%(c) | 2.11% | 1.91% | (1.01%) | 75% | $27,524 |
Year Ended 12/31/2015 | $10.51 | (1.41%)(c) | 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 |
Institutional Class | |||||||
Year Ended 12/31/2018 | $12.03 | (12.45%)(c) | 1.13% | 0.90%(d) | 0.22% | 60% | $119,465 |
Year Ended 12/31/2017 | $16.54 | 26.59%(c) | 1.13% | 0.91%(d) | 0.04% | 41% | $157,664 |
Year Ended 12/31/2016 | $14.63 | 11.88%(c) | 1.10% | 0.90% | (0.02%) | 75% | $144,313 |
Year Ended 12/31/2015 | $15.24 | (0.44%)(c) | 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 |
Institutional 2 Class | |||||||
Year Ended 12/31/2018 | $12.67 | (12.46%)(c) | 1.05% | 0.84% | 0.31% | 60% | $2,027 |
Year Ended 12/31/2017 | $17.28 | 26.72%(c) | 1.06% | 0.85% | 0.11% | 41% | $1,735 |
Year Ended 12/31/2016 | $15.20 | 11.96%(c) | 1.05% | 0.85% | 0.07% | 75% | $1,036 |
Year Ended 12/31/2015 | $15.74 | (0.44%)(c) | 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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 117 |
Table of Contents
Columbia Acorn SelectSM
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 | ||||||
Year Ended 12/31/2018 | $17.43 | 0.06 | (1.86) | (1.80) | (2.81) | (2.81) |
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) |
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) | 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) | 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. |
118 | Columbia Acorn Family of Funds | Annual Report 2018 |
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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 | |||||||
Year Ended 12/31/2018 | $12.82 | (12.31%)(c) | 0.99% | 0.79% | 0.33% | 60% | $14,834 |
Year Ended 12/31/2017 | $17.43 | 26.79%(c) | 1.00% | 0.80% | 0.15% | 41% | $15,001 |
Year Ended 12/31/2016 | $15.31 | 12.02%(c) | 1.00% | 0.80% | 0.10% | 75% | $4,389 |
Year Ended 12/31/2015 | $15.83 | (0.39%)(c) | 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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 119 |
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 | |||||||
Year Ended 12/31/2018 | $14.63 | 0.24 | (0.26) | (0.02) | (0.28) | (0.48) | (0.76) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2018 | $14.50 | 0.28 | (0.27) | 0.01 | (0.31) | (0.48) | (0.79) |
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) |
Class C | |||||||
Year Ended 12/31/2018 | $14.74 | 0.13 | (0.26) | (0.13) | (0.17) | (0.48) | (0.65) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2018 | $14.43 | 0.28 | (0.27) | 0.01 | (0.31) | (0.48) | (0.79) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2018 | $14.52 | 0.29 | (0.27) | 0.02 | (0.32) | (0.48) | (0.80) |
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) |
120 | Columbia Acorn Family of Funds | Annual 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 | |||||||
Year Ended 12/31/2018 | $13.85 | (0.13%) | 0.56% | 0.50%(c) | 1.66% | 122% | $193,683 |
Year Ended 12/31/2017 | $14.63 | 5.19% | 0.54% | 0.50%(c) | 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 |
Advisor Class | |||||||
Year Ended 12/31/2018 | $13.72 | 0.12% | 0.31% | 0.25%(c) | 1.91% | 122% | $11,816 |
Year Ended 12/31/2017 | $14.50 | 5.49% | 0.29% | 0.25%(c) | 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 |
Class C | |||||||
Year Ended 12/31/2018 | $13.96 | (0.88%) | 1.31% | 1.25%(c) | 0.90% | 122% | $166,292 |
Year Ended 12/31/2017 | $14.74 | 4.48% | 1.29% | 1.25%(c) | 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 |
Institutional Class | |||||||
Year Ended 12/31/2018 | $13.65 | 0.12% | 0.31% | 0.25%(c) | 1.91% | 122% | $253,123 |
Year Ended 12/31/2017 | $14.43 | 5.52% | 0.29% | 0.25%(c) | 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 |
Institutional 2 Class | |||||||
Year Ended 12/31/2018 | $13.74 | 0.16% | 0.26% | 0.21% | 1.97% | 122% | $16,478 |
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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 121 |
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 | |||||||
Year Ended 12/31/2018 | $14.50 | 0.30 | (0.27) | 0.03 | (0.33) | (0.48) | (0.81) |
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) |
Notes to Financial Highlights | |
(a) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(b) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
122 | Columbia Acorn Family of Funds | Annual 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 | |||||||
Year Ended 12/31/2018 | $13.72 | 0.21% | 0.22% | 0.16% | 2.04% | 122% | $461 |
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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 123 |
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 | |||||||
Year Ended 12/31/2018 | $13.24 | 0.07 | (2.40) | (2.33) | (0.16) | (0.01) | (0.17) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2018 | $13.38 | 0.10 | (2.43) | (2.33) | (0.19) | (0.01) | (0.20) |
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) |
Class C | |||||||
Year Ended 12/31/2018 | $13.09 | (0.02) | (2.37) | (2.39) | (0.07) | (0.01) | (0.08) |
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) | — | — | — |
Institutional Class | |||||||
Year Ended 12/31/2018 | $13.29 | 0.10 | (2.41) | (2.31) | (0.19) | (0.01) | (0.20) |
Year Ended 12/31/2017 | $9.85 | 0.03 | 3.41 | 3.44 | — | — | — |
Year Ended 12/31/2016 | $10.26 | (0.00)(i) | (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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2018 | $13.38 | 0.11 | (2.43) | (2.32) | (0.20) | (0.01) | (0.21) |
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) |
124 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn Emerging Markets FundSM
Reimbursement from affiliate | 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 | ||||||||
Year Ended 12/31/2018 | — | $10.74 | (17.58%)(b),(c) | 2.02%(d) | 1.52%(d),(e) | 0.54% | 53% | $22,442 |
Year Ended 12/31/2017 | — | $13.24 | 34.55%(b) | 1.98% | 1.70%(e) | (0.14%) | 47% | $33,982 |
Year Ended 12/31/2016 | — | $9.84 | (3.20%)(b) | 1.84%(d) | 1.84%(d) | (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 |
Advisor Class | ||||||||
Year Ended 12/31/2018 | — | $10.85 | (17.39%)(b),(f) | 1.77%(d) | 1.27%(d),(e) | 0.79% | 53% | $828 |
Year Ended 12/31/2017 | — | $13.38 | 34.88%(b) | 1.73% | 1.43%(e) | 0.19% | 47% | $1,337 |
Year Ended 12/31/2016 | — | $9.92 | (2.91%) | 1.57%(d) | 1.57%(d) | 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 |
Class C | ||||||||
Year Ended 12/31/2018 | 0.01 | $10.63 | (18.20%)(b),(g) | 2.76%(d) | 2.26%(d),(e) | (0.20%) | 53% | $9,138 |
Year Ended 12/31/2017 | — | $13.09 | 33.57%(b) | 2.74% | 2.43%(e) | (0.78%) | 47% | $15,546 |
Year Ended 12/31/2016 | — | $9.80 | (3.92%)(b) | 2.60%(d) | 2.59%(d) | (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 |
Institutional Class | ||||||||
Year Ended 12/31/2018 | 0.01 | $10.79 | (17.28%)(b),(h) | 1.76%(d) | 1.26%(d),(e) | 0.79% | 53% | $25,476 |
Year Ended 12/31/2017 | — | $13.29 | 34.92%(b) | 1.74% | 1.42%(e) | 0.28% | 47% | $53,415 |
Year Ended 12/31/2016 | — | $9.85 | (3.04%)(b) | 1.59%(d) | 1.58%(d) | (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 |
Institutional 2 Class | ||||||||
Year Ended 12/31/2018 | 0.01 | $10.86 | (17.24%)(b),(j) | 1.69%(d) | 1.19%(d) | 0.88% | 53% | $509 |
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%(d) | 1.46%(d) | (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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 125 |
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 | |||||||
Year Ended 12/31/2018 | $13.27 | 0.12 | (2.41) | (2.29) | (0.21) | (0.01) | (0.22) |
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) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.03%. |
(d) | Ratios include line of credit interest expense which is less than 0.01%. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.02%. |
(g) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.06%. |
(h) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.09%. |
(i) | Rounds to zero. |
(j) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.07%. |
126 | Columbia Acorn Family of Funds | Annual Report 2018 |
Table of Contents
Columbia Acorn Emerging Markets FundSM
Reimbursement from affiliate | 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 | ||||||||
Year Ended 12/31/2018 | — | $10.76 | (17.27%)(b),(c) | 1.65%(d) | 1.14%(d) | 0.94% | 53% | $693 |
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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 127 |
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 | |||||||
Year Ended 12/31/2018 | $19.27 | 0.11 | (3.70) | (3.59) | (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) |
Advisor Class | |||||||
Year Ended 12/31/2018 | $19.36 | 0.19 | (3.75) | (3.56) | (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 | |||||||
Year Ended 12/31/2018 | $19.12 | (0.02) | (3.65) | (3.67) | (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)(g) | 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) |
Institutional Class | |||||||
Year Ended 12/31/2018 | $19.27 | 0.15 | (3.70) | (3.55) | (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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2018 | $19.46 | 0.19 | (3.75) | (3.56) | (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) |
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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 | |||||||
Year Ended 12/31/2018 | $15.56 | (18.78%) | 1.81%(c) | 1.45%(c) | 0.57% | 39% | $22,870 |
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 |
Advisor Class | |||||||
Year Ended 12/31/2018 | $15.68 | (18.53%) | 1.55%(c) | 1.19%(c) | 0.97% | 39% | $1,496 |
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%(f) | 1.50%(f) | (0.30%)(f) | 74% | $302 |
Class C | |||||||
Year Ended 12/31/2018 | $15.33 | (19.34%) | 2.56%(c) | 2.20%(c) | (0.12%) | 39% | $8,770 |
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 |
Institutional Class | |||||||
Year Ended 12/31/2018 | $15.60 | (18.57%) | 1.56%(c) | 1.20%(c) | 0.80% | 39% | $32,813 |
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 |
Institutional 2 Class | |||||||
Year Ended 12/31/2018 | $15.78 | (18.44%) | 1.50%(c) | 1.13%(c) | 0.96% | 39% | $2,554 |
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 |
Columbia Acorn Family of Funds | Annual Report 2018 | 129 |
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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 | |||||||
Year Ended 12/31/2018 | $19.17 | (0.04) | (3.48) | (3.52) | (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) | Ratios include line of credit interest expense which is less than 0.01%. |
(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) | Annualized. |
(g) | Rounds to zero. |
(h) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
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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 | |||||||
Year Ended 12/31/2018 | $15.53 | (18.51%) | 1.41%(c) | 1.08%(c) | (0.21%) | 39% | $3 |
Year Ended 12/31/2017(h) | $19.17 | 29.55% | 1.58%(f) | 1.09%(f) | 0.17%(f) | 34% | $210 |
Columbia Acorn Family of Funds | Annual Report 2018 | 131 |
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December 31, 2018
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (11,785,180) |
134 | Columbia Acorn Family of Funds | Annual Report 2018 |
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December 31, 2018
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 38,694,968 |
* | Based on the ending quarterly outstanding amounts for the year ended December 31, 2018. |
Columbia Acorn Family of Funds | Annual Report 2018 | 135 |
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December 31, 2018
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | |
Liabilities | |||
Collateral on Securities Loaned | 15,645,500 | 30,949,500 | 4,068,915 |
Total Liabilities | 15,645,500 | 30,949,500 | 4,068,915 |
Total Financial and Derivative Net Assets | (15,645,500) | (30,949,500) | (4,068,915) |
Financial Instruments | 15,784,990 | 29,435,320 | 3,898,417 |
Net Amount(a) | 139,490 | (1,514,180) | (170,498) |
(a) | Represents the net amount due from/(to) counterparties in the event of default. |
Overnight and continuous | Up to 30 days | 30-90 days | Greater than 90 days | Total | |
Columbia Acorn® Fund | |||||
Securities lending transactions | |||||
Equity securities | $15,784,990 | $— | $— | $— | $15,784,990 |
Gross amount of recognized liabilities for securities lending (collateral received) | 15,645,500 | ||||
Amounts due to counterparty in the event of default | $(139,490) | ||||
Columbia Acorn International® | |||||
Securities lending transactions | |||||
Equity securities | $29,435,320 | $— | $— | $— | $29,435,320 |
Gross amount of recognized liabilities for securities lending (collateral received) | 30,949,500 | ||||
Amounts due to counterparty in the event of default | $1,514,180 | ||||
Columbia Acorn USA® | |||||
Securities lending transactions | |||||
Equity securities | $3,898,417 | $— | $— | $— | $3,898,417 |
Gross amount of recognized liabilities for securities lending (collateral received) | 4,068,915 | ||||
Amounts due to counterparty in the event of default | $170,498 |
136 | Columbia Acorn Family of Funds | Annual Report 2018 |
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December 31, 2018
Columbia Acorn® Fund | |
Average daily net assets | Annual fee rate |
Up to $700 million | 0.74% |
$700 million to $2 billion | 0.69% |
$2 billion to $6 billion | 0.64% |
$6 billion and over | 0.63% |
Columbia Acorn International® | |
Average daily net assets | Annual fee rate |
Up to $100 million | 1.19% |
$100 million to $500 million | 0.94% |
$500 million and over | 0.74% |
Columbia Acorn USA® | |
Average daily net assets | Annual fee rate |
Up to $200 million | 0.94% |
$200 million to $500 million | 0.89% |
$500 million to $2 billion | 0.84% |
$2 billion to $3 billion | 0.80% |
$3 billion and over | 0.70% |
Columbia Acorn International SelectSM | |
Average daily net assets | Annual fee rate |
Up to $500 million | 0.89% |
$500 million and over | 0.85% |
Columbia Acorn SelectSM | |
Average daily net assets | Annual fee rate |
Up to $700 million | 0.85% |
$700 million to $2 billion | 0.80% |
$2 billion to $3 billion | 0.75% |
$3 billion and over | 0.70% |
Columbia Thermostat FundSM | |
Annual fee rate | |
All average daily net assets | 0.10% |
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% |
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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 | 1.16 |
Columbia Acorn Trust | |
Aggregate average daily net assets of the trust | Annual fee rate |
Up to $8 billion | 0.050% |
$8 billion to $16 billion | 0.040% |
$16 billion to $35 billion | 0.030% |
$35 billion to $45 billion | 0.025% |
$45 billion and over | 0.015% |
Columbia Acorn Family of Funds | Annual Report 2018 | 139 |
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December 31, 2018
Fund | Purchases ($) | Sales ($) | Realized gain/(loss) from sale transactions ($) |
Columbia Acorn International® | — | 2,485,568 | (11,943) |
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December 31, 2018
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 | — | — |
Columbia Acorn International® | 0.11 | 0.11 | 0.11 | 0.11 | 0.05 | — | 0.11 |
Columbia Acorn USA® | 0.13 | 0.13 | 0.13 | 0.13 | 0.05 | — | — |
Columbia Acorn International SelectSM | 0.15 | 0.15 | 0.14 | 0.14 | 0.05 | — | — |
Columbia Acorn SelectSM | 0.11 | 0.11 | 0.11 | 0.11 | 0.05 | — | — |
Columbia Thermostat FundSM | 0.10 | 0.10 | 0.10 | 0.10 | 0.05 | — | — |
Columbia Acorn Emerging Markets FundSM | 0.12 | 0.12 | 0.12 | 0.12 | 0.05 | — | — |
Columbia Acorn European FundSM | 0.11 | 0.11 | 0.11 | 0.11 | 0.05 | — | — |
Columbia Acorn Family of Funds | Annual Report 2018 | 141 |
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December 31, 2018
Fund | Amount ($) |
Columbia Acorn® Fund | 7,700 |
Columbia Acorn International® | 8,672 |
Columbia Acorn USA® | 1,420 |
Columbia Acorn International SelectSM | 640 |
Columbia Acorn SelectSM | 1,320 |
Columbia Thermostat FundSM | 580 |
Columbia Acorn Emerging Markets FundSM | 40 |
Columbia Acorn European FundSM | — |
Underwriting discounts ($) | CDSCs ($) | ||
Fund | Class A | Class A | Class C |
Columbia Acorn® Fund | 423,053 | 1,543 | 2,415 |
Columbia Acorn International® | 122,471 | 446 | 1,963 |
Columbia Acorn USA® | 64,855 | 42 | 1,322 |
Columbia Acorn International SelectSM | 73,351 | 370 | 157 |
Columbia Acorn SelectSM | 35,268 | 198 | 27 |
Columbia Thermostat FundSM | 163,349 | 695 | 5,166 |
Columbia Acorn Emerging Markets FundSM | 19,868 | 196 | 233 |
Columbia Acorn European FundSM | 97,102 | 44 | 12,986 |
Fund | Class A | Advisor | Class C | Institutional | Institutional 2 | Institutional 3 |
Columbia Acorn Emerging Markets FundSM | 1.55% | 1.30% | 2.30% | 1.30% | 1.19% | 1.14% |
Columbia Acorn European FundSM | 1.45% | 1.20% | 2.20% | 1.20% | 1.13% | 1.08% |
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December 31, 2018
Fund | Class A | Advisor | Class C | Institutional Class | Institutional Class 2 | Institutional Class 3 |
Columbia Acorn Fund® | 1.11% | 0.86% | 1.86% | 0.86% | 0.84% | 0.79% |
Columbia Acorn USA ® | 1.42% | 1.17% | 2.17% | 1.17% | 1.08% | 1.03% |
Fund | Class A | Advisor | Class C | Institutional | Institutional Class 2 | Institutional Class 3 |
Columbia Acorn International SelectSM | 1.40% | 1.15% | 2.15% | 1.15% | 1.06% | 1.01% |
Columbia Thermostat FundSM | 0.50% | 0.25% | 1.25% | 0.25% | 0.20% | 0.15% |
Fund | Class A | Advisor | Class C | Institutional | Institutional Class 2 | Institutional Class 3 |
Columbia Acorn SelectSM | 1.60% | 1.35% | 2.35% | 1.35% | 1.29% | 1.24% |
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December 31, 2018
Fund | Class A | Advisor | Class C | Institutional Class | Institutional Class 2 | Institutional Class 3 |
Columbia Acorn International SelectSM | 1.40% | 1.15% | 2.15% | 1.15% | 1.08% | 1.03% |
Columbia Thermostat FundSM | 0.50% | 0.25% | 1.25% | 0.25% | 0.23% | 0.18% |
Fund | Expenses waived and/or reimbursed ($) |
Columbia Acorn® Fund | 1,082,731 |
Columbia Acorn International® | 278,244 |
Columbia Acorn USA® | 56,533 |
Columbia Acorn International SelectSM | 162,508 |
Columbia Acorn SelectSM | 688,797 |
Columbia Thermostat FundSM | 437,667 |
Columbia Acorn Emerging Markets FundSM | 438,200 |
Columbia Acorn European FundSM | 394,303 |
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Fund | Undistributed (excess of distributions over) net investment income ($) | Accumulated net realized gain (loss) ($) | Paid in capital increase (decrease) ($) |
Columbia Acorn® Fund | 1,699,058 | (33,134,259) | 31,435,201 |
Columbia Acorn International® | 1,455,958 | (1,455,958) | — |
Columbia Acorn USA® | 516,521 | (7,372,097) | 6,855,576 |
Columbia Acorn International SelectSM | (49,849) | 49,849 | — |
Columbia Acorn SelectSM | (174,910) | (3,523,893) | 3,698,803 |
Columbia Thermostat FundSM | (625,713) | (1,953,421) | 2,579,134 |
Columbia Acorn Emerging Markets FundSM | 655,263 | (617,430) | (37,833) |
Columbia Acorn European FundSM | 97,188 | (63,066) | (34,122) |
Year Ended December 31, 2018 | Year Ended December 31, 2017 | ||||||
Fund | Ordinary income ($) | Long-term capital gains ($) | Tax return of capital ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
Columbia Acorn® Fund | 37,915,020 | 499,453,341 | — | 537,368,361 | 131,865,579 | 904,736,909 | 1,036,602,488 |
Columbia Acorn International® | 32,057,937 | 727,292,326 | — | 759,350,263 | 82,305,169 | 251,655,234 | 333,960,403 |
Columbia Acorn USA® | 3,405,694 | 40,748,093 | — | 44,153,787 | 14,725,782 | 87,193,225 | 101,919,007 |
Columbia Acorn International SelectSM | — | 7,949,544 | — | 7,949,544 | 270,796 | — | 270,796 |
Columbia Acorn SelectSM | 6,598,354 | 46,290,607 | — | 52,888,961 | — | 37,956,937 | 37,956,937 |
Columbia Thermostat FundSM | 18,363,013 | 17,140,765 | — | 35,503,778 | 30,150,540 | 11,435,105 | 41,585,645 |
Columbia Acorn Emerging Markets FundSM | 895,420 | — | 72,290 | 967,710 | — | — | — |
Columbia Acorn European FundSM | 700,145 | — | — | 700,145 | 934,540 | — | 934,540 |
Fund | Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation (depreciation) ($) |
Columbia Acorn® Fund | — | 200,034,216 | — | 571,867,183 |
Columbia Acorn International® | 8,592,533 | 156,572,797 | — | 405,383,823 |
Columbia Acorn USA® | 2,298,139 | 9,714,180 | — | 10,028,865 |
Columbia Acorn International SelectSM | 448,079 | 1,196,283 | — | 10,881,738 |
Columbia Acorn SelectSM | — | 5,416,093 | — | 11,701,584 |
Columbia Thermostat FundSM | — | 5,150,839 | — | (5,028,711) |
Columbia Acorn Emerging Markets FundSM | — | — | (73,789,265) | 352,254 |
Columbia Acorn European FundSM | — | — | (8,459,096) | 3,361,860 |
Columbia Acorn Family of Funds | Annual Report 2018 | 145 |
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December 31, 2018
Fund | Tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation (depreciation) ($) |
Columbia Acorn® Fund | 3,242,354,251 | 813,426,412 | (241,559,229) | 571,867,183 |
Columbia Acorn International® | 2,091,821,652 | 637,935,652 | (232,551,829) | 405,383,823 |
Columbia Acorn USA® | 270,128,316 | 38,740,563 | (28,711,698) | 10,028,865 |
Columbia Acorn International SelectSM | 98,146,447 | 20,044,670 | (9,162,932) | 10,881,738 |
Columbia Acorn SelectSM | 224,284,597 | 39,414,365 | (27,712,781) | 11,701,584 |
Columbia Thermostat FundSM | 650,292,201 | 8,551,939 | (13,580,650) | (5,028,711) |
Columbia Acorn Emerging Markets FundSM | 58,707,138 | 8,809,465 | (8,457,211) | 352,254 |
Columbia Acorn European FundSM | 65,145,218 | 11,004,756 | (7,642,896) | 3,361,860 |
Fund | 2019 ($) | No expiration short-term ($) | No expiration long-term ($) | Total ($) | Utilized ($) | Expired ($) | Permanently lost ($) |
Columbia Acorn International SelectSM | — | — | — | — | 6,453,644 | — | — |
Columbia Acorn Emerging Markets FundSM | — | 47,094,479 | 26,694,786 | 73,789,265 | 7,425,513 | — | — |
Columbia Acorn European FundSM | — | 8,459,096 | — | 8,459,096 | — | — | — |
Fund | Late year ordinary losses ($) | Post-October capital losses ($) |
Columbia Thermostat FundSM | — | 1,790,953 |
Columbia Acorn Emerging Markets FundSM | 103,544 | — |
Columbia Acorn European FundSM | 29,882 | — |
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December 31, 2018
Purchases ($) | Proceeds from sales ($) | |
Columbia Acorn® Fund | 3,020,609,804 | 3,708,609,289 |
Columbia Acorn International® | 1,257,641,424 | 3,034,455,170 |
Columbia Acorn USA® | 281,184,119 | 334,784,018 |
Columbia Acorn International SelectSM | 55,759,328 | 60,438,484 |
Columbia Acorn SelectSM | 176,408,137 | 217,073,071 |
Columbia Thermostat FundSM | 917,204,315 | 1,115,049,131 |
Columbia Acorn Emerging Markets FundSM | 45,335,258 | 74,710,345 |
Columbia Acorn European FundSM | 39,665,254 | 50,456,450 |
Fund | Average loan balance ($) | Weighted average interest rate (%) | Days outstanding |
Columbia Acorn International® | 18,040,000 | 3.51 | 5 |
Columbia Acorn USA® | 6,871,429 | 3.16 | 7 |
Columbia Thermostat FundSM | 900,000 | 3.50 | 1 |
Columbia Acorn Emerging Markets FundSM | 1,187,500 | 3.32 | 8 |
Columbia Acorn European FundSM | 788,889 | 3.26 | 27 |
Columbia Acorn Family of Funds | Annual Report 2018 | 147 |
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Fund | Number of unaffiliated accounts | Percentage of shares outstanding held — unaffiliated (%) | Percentage of shares outstanding held — affiliated (%) |
Columbia Acorn® Fund | — | — | — |
Columbia Acorn International® | 1 | 14.4 | — |
Columbia Acorn USA® | 1 | 24.2 | — |
Columbia Acorn International SelectSM | 1 | 10.4 | 27.4 |
Columbia Acorn SelectSM | 1 | 20.3 | 12.7 |
Columbia Thermostat FundSM | 1 | 15.6 | 22.8 |
Columbia Acorn Emerging Markets FundSM | 1 | 14.3 | 33.3 |
Columbia Acorn European FundSM | 2 | 23.9 | 30.7 |
Columbia Acorn Family of Funds | Annual Report 2018 | 149 |
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(Unaudited)
Qualified dividend income | Dividends received deduction | Capital gain dividend | Foreign taxes paid to foreign countries | Foreign taxes paid per share to foreign countries | Foreign source income | Foreign source income per share | |
Columbia Acorn® Fund | 16.48% | 16.48% | $592,699,923 | $0 | $0.00 | $0 | $0.00 |
Columbia Acorn International® | 100.00% | 0.00% | $801,363,368 | $5,921,547 | $0.07 | $72,574,846 | $0.85 |
Columbia Acorn USA® | 72.06% | 64.38% | $49,961,863 | $0 | $0.00 | $0 | $0.00 |
Columbia Acorn International SelectSM | 0.00% | 0.00% | $9,603,118 | $150,714 | $0.03 | $1,910,065 | $0.41 |
Columbia Acorn SelectSM | 48.78% | 47.43% | $39,685,639 | $0 | $0.00 | $0 | $0.00 |
Columbia Thermostat FundSM | 8.33% | 7.73% | $17,705,011 | $17,769 | $0.00 | $170,200 | $0.00 |
Columbia Acorn Emerging Markets FundSM | 67.07% | 0.00% | $0 | $173,052 | $0.03 | $1,885,184 | $0.34 |
Columbia Acorn European FundSM | 66.27% | 0.00% | $0 | $167,085 | $0.04 | $2,129,096 | $0.48 |
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Shareholder Services Group
227 W. Monroe, Suite 3000
Chicago, IL 60606
800.922.6769
Name and age at December 31, 2018 | Year first appointed or elected to a Board in the Columbia Funds Complex | Principal occupation(s) during the past five years | Number of Funds in the Columbia Funds Complex overseen (1) | Other directorships held by the Trustee during the past five years in addition to Columbia Acorn Trust and Wanger Advisors Trust |
Laura M. Born, 53, Chair | 2007 | Adjunct Associate Professor of Finance, University of Chicago Booth School of Business since 2007; Advisory Board Member, Driehaus Capital Management since 2018; Director, Carlson Inc. (private global hospitalities and travel company) since 2015; Managing Director – Investment Banking, JP Morgan Chase & Co. (broker-dealer) 2002-2007. | 11 | None. |
Maureen M. Culhane, 70 | 2007 | Retired. Formerly, Vice President, Goldman Sachs Asset Management, L.P. (investment adviser), 2005-2007; Vice President (Consultant) – Strategic Relationship Management, Goldman, Sachs & Co., 1999-2005. | 11 | None. |
Margaret M. Eisen, 65 | 2002 | Trustee, Smith College, 2012-2016; Chief Investment Officer, EAM International LLC (corporate finance and asset management), 2003-2013; Managing Director, CFA Institute, 2005-2008. | 11 | Chair, RMB Investors Trust (formerly Burnham Investors Trust) (6 series). |
Eric A. Feldstein, 59 | 2018 | Chief Financial Officer, Health Care Service Corporation (HCSC) since 2016; Executive Vice President, American Express Company, 2010-2016. | 11 | Board Member, Northern Trust Mutual Fund Complex (51 series), 2015-2016. |
John C. Heaton, 59 | 2010 | Deputy Dean for Faculty, University of Chicago Booth School of Business; Joseph L. Gidwitz Professor of Finance, University of Chicago Booth School of Business since July 2000. | 11 | None. |
Charles R. Phillips, 62 | 2015 | Retired. Formerly, Vice Chairman, J.P. Morgan Private Bank, 2011-2014; Managing Director, J.P. Morgan Private Bank, 2001-2011. | 11 | None. |
Columbia Acorn Family of Funds | Annual Report 2018 | 153 |
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Name and age at December 31, 2018 | Year first appointed or elected to a Board in the Columbia Funds Complex | Principal occupation(s) during the past five years | Number of Funds in the Columbia Funds Complex overseen (1) | Other directorships held by the Trustee during the past five years in addition to Columbia Acorn Trust and Wanger Advisors Trust |
David J. Rudis, 65, Vice Chair | 2010 | Consultant, Finger Rock, LLC (strategic consulting business). Formerly, National Checking and Debit Executive, and Illinois President, Bank of America, 2007-2009; President, Consumer Banking Group, LaSalle National Bank, 2004-2007. | 11 | None. |
Name and age at December 31, 2018 | Year first appointed or elected to a Board in the Columbia Funds Complex | Principal occupation(s) during the past five years | Number of Funds in the Columbia Funds Complex overseen (1) | Other directorships held by the Trustee during the past five years in addition to Columbia Acorn Trust and Wanger Advisors Trust |
Ralph Wanger, 84 (2) | 1970 (3) | Founder, CWAM. Formerly, President, Chief Investment Officer and portfolio manager, CWAM or its predecessors, July 1992-September 2003; Director, Wanger Investment Company PLC; Consultant to CWAM or its predecessors, September 2003-September 2005. | 11 | None. |
(1) | The Trustees oversee the series of Wanger Advisors Trust and Columbia Acorn Trust. |
(2) | As permitted under the Trust’s Bylaws, Mr. Wanger serves as a non-voting Trustee Emeritus of Columbia Acorn Trust and Wanger Advisors Trust. |
(3) | Dates prior to 1992 relate to the Acorn Fund, Inc., the predecessor trust to Columbia Acorn Trust. |
Name and age at December 31, 2018 | Position held with Columbia Acorn Trust and Wanger Advisors Trust | Year first appointed or elected to office | Principal occupation(s) during the past five years |
Alan G. Berkshire, 58 | President | 2015 | Global Chief Operating Officer - Investments, Columbia Threadneedle Inc. since 2017 and Chief Operating Officer, CWAM since April 2015. Formerly, Independent Director, ValueQuest India Moat Fund Limited (Mauritius), April 2014-March 2015; President – North America, Religare Global Asset Management, Inc., June 2011-November 2013. |
Michael G. Clarke, 49 | Assistant Treasurer | 2004 | Vice President – Mutual Fund Administration, Columbia Management Investment Advisers, LLC since May 2010; senior officer of Columbia Funds and affiliated funds since 2002. |
David L. Frank, 55 | Vice President | 2014 | Portfolio manager and/or analyst, CWAM or its predecessors since 2002; Vice President, Columbia Acorn Trust and Wanger Advisors Trust since 2014. |
154 | Columbia Acorn Family of Funds | Annual Report 2018 |
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Name and age at December 31, 2018 | Position held with Columbia Acorn Trust and Wanger Advisors Trust | Year first appointed or elected to office | Principal occupation(s) during the past five years |
Paul B. Goucher, 50 | Assistant Secretary | 2015 | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively; Chief Counsel, January 2010 - January 2013); Vice President, Chief Legal Counsel and Assistant Secretary, Columbia Management Investment Advisers, LLC since May 2010. |
Tae Han (Simon) Kim, 38 | Vice President | 2018 | Portfolio manager and/or analyst, CWAM since 2011. |
John Kunka, 48 | Treasurer | 2006 | Vice President, Treasurer and Principal Accounting and Financial Officer, Columbia Acorn Trust and Wanger Advisors Trust since 2014; Treasurer and Chief Financial Officer, CWAM since 2014; Vice President of Accounting and Operations, CWAM since May 2006; formerly, Assistant Treasurer, Columbia Acorn Trust and Wanger Advisors Trust 2006-2014. |
Stephen Kusmierczak, 51 | Vice President | 2011 | Portfolio manager and/or analyst, CWAM or its predecessors since 2001. |
Joseph C. LaPalm, 49 | Vice President | 2006 | Chief Compliance Officer, CWAM since 2005. |
Ryan C. Larrenaga, 48 | Assistant Secretary | 2015 | Vice President and Group Counsel, Ameriprise Financial, Inc. since August 2011 (previously, Counsel, May 2010-August 2011); officer of Columbia Funds and affiliated funds since 2005. |
Matthew A. Litfin, 47 | Vice President | 2016 | Director of Research (U.S.) and portfolio manager, CWAM since December 2015; formerly, portfolio manager, William Blair & Company 1997-2015. |
Satoshi Matsunaga, 47 | Vice President | 2015 | Portfolio manager and/or analyst, CWAM or its predecessors since 2005. |
Thomas P. McGuire, 46 | Chief Compliance Officer | 2015 | Senior Vice President and Chief Compliance Officer of the Columbia Funds since 2012; Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Ameriprise Certificate Company since September 2010. |
Louis J. Mendes III, 54 | Vice President | 2005 | Director of International Research, CWAM, since 2015; portfolio manager and/or analyst, CWAM or its predecessors since 2001; Vice President, Columbia Acorn Trust since 2003 and Wanger Advisors Trust since 2005. |
Julian Quero, 51 | Assistant Treasurer | 2015 | Vice President – Tax, Columbia Management Investment Advisers, LLC since 2009. |
Martha A. Skinner, 44 | Assistant Treasurer | 2016 | Vice President of Financial Reporting and Administration, Columbia Management since November 2015; Director of Financial Reporting, Columbia Management, April 2013-November 2015; Manager of Financial Reporting, Columbia Management, August 2010-April 2013. |
Richard Watson, 49 | Vice President | 2018 | Portfolio manager and/or analyst, CWAM or its predecessors since 2006. |
Linda Roth-Wiszowaty, 49 | Secretary | 2006 | Business support analyst, CWAM since April 2007; Secretary, Columbia Acorn Trust and Wanger Advisors Trust since 2014; Assistant Secretary, Columbia Acorn Trust and Wanger Advisors Trust, 2006-2014. |
Charles C. Young, 50 | Vice President | 2018 | Portfolio manager and/or analyst, CWAM since 2011. |
Columbia Acorn Family of Funds | Annual Report 2018 | 155 |
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as of December 31, 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% | 0.15% | 0.16% | 0.13% | 0.09% | ||||||||||
Net expense ratio | 1.08% | 0.83% | 1.82% | 0.83% | 0.80% | 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% | 0.11% | 0.22% | |||||||||
Net expense ratio | 1.24% | 0.99% | 1.99% | 0.99% | 0.93% | 0.88% | 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) | 0.25% | 0.25% | 0.25% | 0.25% | 0.17% | 0.12% | ||||||||||
Net expense ratio | 1.42% | 1.17% | 2.17% | 1.17% | 1.09% | 1.04% | ||||||||||
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% | 0.17% | 0.13% | ||||||||||
Net expense ratio | 1.40% | 1.15% | 2.15% | 1.15% | 1.06% | 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% | 0.11% | 0.06% | ||||||||||
Net expense ratio(b) | 0.50% | 0.25% | 1.25% | 0.25% | 0.21% | 0.16% | ||||||||||
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) | 0.03% | 0.03% | 0.02% | 0.02% | -0.05% | -0.10% | ||||||||||
Net expense ratio | 1.52% | 1.27% | 2.26% | 1.26% | 1.19% | 1.14% | ||||||||||
Columbia Acorn European FundSM | ||||||||||||||||
Investment advisory fee | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% | ||||||||||
Distribution and/or service fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses(a) | 0.04% | 0.03% | 0.04% | 0.04% | -0.03% | -0.08% | ||||||||||
Net expense ratio | 1.45% | 1.19% | 2.20% | 1.20% | 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 0.40% incurred by the Fund from the underlying portfolio funds in which it invests. |
156 | Columbia Acorn Family of Funds | Annual Report 2018 |
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Columbia Acorn Family of Funds | Annual Report 2018 | 157 |
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Item 2. Code of Ethics.
(a) | The registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. |
(b) | During the period covered by this report, there were not any amendments to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics definition enumerated in paragraph (b) of this Item. |
(c) | During the period covered by this report, there were no waivers, including any implicit waivers, from a provision of the code of ethics to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party that relates to one or more of the items set forth in paragraph (b) of this Item. |
Item 3. Audit Committee Financial Expert.
The registrant’s Board of Trustees has determined that Eric Feldstein, a member of the registrant’s Board of Trustees and Audit Committee, qualifies as an audit committee financial expert. Mr. Feldstein is an independent trustee, as defined in paragraph (a)(2) of this item’s instructions.
Item 4. Principal Accountant Fees and Services.
Fee information below is disclosed for the eight series of the registrant whose reports to stockholders are included in this annual filing.
(a)Audit Fees. Aggregate Audit Fees billed by the principal accountant for professional services rendered during the fiscal years ended December 31, 2018 and December 31, 2017 are approximately as follows:
2018 | 2017 | |||
$272,000 | $ | 304,700 |
Audit Fees include amounts related to the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years.
(b)Audit-Related Fees. Aggregate Audit-Related Fees billed to the registrant by the principal accountant for professional services rendered during the fiscal years ended December 31, 2018 and December 31, 2017 are approximately as follows:
2018 | 2017 | |||
$26,500 | $ | 25,700 |
Audit-Related Fees include amounts for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported in Audit Fees above. In fiscal years 2018 and 2017, Audit-Related Fees consist of agreed-upon procedures performed for other audit-related additional testing.
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During the fiscal years ended December 31, 2018 and December 31, 2017, there were no Audit-Related Fees billed by the registrant’s principal accountant to the registrant’s investment adviser (not including anysub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for an engagement that related directly to the operations and financial reporting of the registrant.
(c)Tax Fees. Aggregate Tax Fees billed by the principal accountant to the registrant for professional services rendered during the fiscal years ended December 31, 2018 and December 31, 2017 are approximately as follows:
2018 | 2017 | |||
$75,400 | $ | 72,900 |
Tax Fees incurred in both fiscal years 2018 and 2017 relate to the review of annual tax returns, the review of required shareholder distribution calculations and include amounts for professional services by the principal accountant for tax compliance, tax advice and tax planning.
During the fiscal years ended December 31, 2018 and December 31, 2017, there were no Tax Fees billed by the registrant’s principal accountant to the registrant’s investment adviser (not including anysub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for an engagement that related directly to the operations and financial reporting of the registrant.
(d)All Other Fees. Aggregate All Other Fees billed by the principal accountant to the registrant for professional services rendered during the fiscal years ended December 31, 2018 and December 31, 2017 are as follows:
2018 | 2017 | |||
$0 | $ | 0 |
All Other Fees include amounts for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) above. Aggregate All Other Fees billed by the registrant’s principal accountant to the registrant’s investment adviser (not including anysub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for an engagement that related directly to the operations and financial reporting of the registrant during the fiscal years ended December 31, 2018 and December 31, 2018 are approximately as follows:
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2018 | 2017 | |||
$225,000 | $ | 225,000 |
In both fiscal years 2018 and 2017, All Other Fees primarily consist of professional services rendered for internal control reviews.
(e)(1) Audit CommitteePre-Approval Policies and Procedures
The policy of the registrant’s Audit Committee is to specificallypre-approve (i) all audit andnon-audit (including audit related, tax and all other) services provided by the registrant’s independent auditor to the registrant and individual funds (collectively “Fund Services”) and (ii) allnon-audit services provided by the registrant’s independent auditor to the funds’ adviser or a control affiliate of the adviser, that relate directly to the funds’ operations and financial reporting (collectively “Fund-related Adviser Services”). A “control affiliate” is an entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the funds, and the term “adviser” is deemed to exclude any unaffiliatedsub-adviser whose role is primarily portfolio management and issub-contracted or overseen by another investment adviser.
If such Fund Services or Fund-related Adviser Services are required during the period between the Audit Committee’s regularly scheduled meetings, the Chairman of the Audit Committee has the authority topre-approve the service, with reporting to the full Audit Committee at the next regularly scheduled meeting.
The Audit Committee will waivepre-approval of Fund Services or Fund-related Adviser Services provided that the requirements under paragraph (c)(7)(i)(C) of Rule2-01 of RegulationS-X are met.
(e)(2) The percentage of services described in paragraphs (b) through (d) of this Item approved pursuant to the “de minimis” exception under paragraph (c)(7)(i)(C) of Rule 2-01 of RegulationS-X during both fiscal years ended December 31, 2018 and December 31, 2018 was zero.
(f) Not applicable.
(g) The aggregatenon-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including anysub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for the fiscal years ended December 31, 2018 and December 31, 2017 are approximately as follows:
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2018 | 2017 | |||
$326,900 | $ | 323,700 |
(h) The registrant’s Audit Committee of the Board of Directors has considered whether the provision ofnon-audit services that were rendered to the registrant’s adviser (not including anysub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were notpre-approved pursuant to paragraph (c)(7)(ii) of Rule2-01 of RegulationS-X, is compatible with maintaining the principal accountant’s independence.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments
(a) | The registrant’s “Schedule I – Investments in securities of unaffiliated issuers” (as set forth in 17 CFR210.12-12) is included in Item 1 of this FormN-CSR. |
(b) | Not applicable |
Item 7. Disclosure of Proxy Voting Policies and Procedures forClosed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers ofClosed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities byClosed-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.
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Item 11. Controls and Procedures.
(a) | The registrant’s principal executive officer and principal financial officer, based on their evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in FormN-CSR is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. |
(b) | There was no change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities forClosed-End Management Investment Companies
Not applicable.
Item 13. Exhibits.
(a)(1) Code of ethics required to be disclosed under Item 2 of FormN-CSR attached hereto as Exhibit 99.CODE ETH.
(a)(2) Certifications pursuant to Rule30a-2(a) under the Investment Company Act of 1940 (17 CFR270.30a-2(a)) attached hereto as Exhibit 99.CERT.
(a)(3) Not applicable.
(b) Certification pursuant to Rule30a-2(b) under the Investment Company Act of 1940 (17 CFR270.30a-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 | February 21, 2019 |
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 | February 21, 2019 |
By (Signature and Title) | /s/ John M. Kunka | |
John M. Kunka, Treasurer and Principal Accounting and Financial Officer |
Date | February 21, 2019 |