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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
Louis Mendes
Columbia Acorn Trust
227 West Monroe Street, Suite 3000
Chicago, Illinois 60606
Mary C. Moynihan
Perkins Coie LLP
700 13th Street, NW
Suite 600
Washington, DC 20005
(Name and address of agent for service)
Registrant’s telephone number, including area code:(312)634-9200
Date of fiscal year end: December 31
Date of reporting period: June 30, 2019
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 Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-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.
Table of Contents
June 30, 2019
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Columbia Acorn® Fund (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2019) | |||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 20.94 | 4.00 | 8.70 | 13.73 | 13.84 |
Including sales charges | 13.98 | -1.98 | 7.41 | 13.06 | 13.71 | ||
Advisor Class | 11/08/12 | 21.13 | 4.26 | 8.93 | 14.02 | 14.20 | |
Class C | Excluding sales charges | 10/16/00 | 20.48 | 3.28 | 7.90 | 12.90 | 12.98 |
Including sales charges | 19.48 | 2.54 | 7.90 | 12.90 | 12.98 | ||
Institutional Class | 06/10/70 | 21.19 | 4.27 | 8.98 | 14.06 | 14.21 | |
Institutional 2 Class | 11/08/12 | 21.15 | 4.28 | 9.01 | 14.07 | 14.21 | |
Institutional 3 Class | 11/08/12 | 21.24 | 4.36 | 9.07 | 14.12 | 14.22 | |
Russell 2500 Growth Index | 23.92 | 6.13 | 9.98 | 15.67 | - |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 3 |
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Columbia Acorn® Fund (Unaudited)
Top ten holdings (%) (at June 30, 2019) | |
Booz Allen Hamilton Holdings Corp. Technology consulting services to the U.S. government in the defense, intelligence, and civil markets | 1.8 |
CDW Corp. IT products and services | 1.7 |
Grand Canyon Education, Inc. Online post secondary education | 1.7 |
Exact Sciences Corp. Developing and commercializing a test for the early detection and prevention of colorectal cancer | 1.6 |
Masimo Corp. Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 1.5 |
EPAM Systems, Inc. Provides software development, outsourcing services, e-business, enterprise relationship management and content management solutions | 1.5 |
Chemed Corp. Hospice and palliative care services | 1.5 |
Vail Resorts, Inc. Operates resorts globally | 1.5 |
Seattle Genetics, Inc. Monoclonal antibody-based drugs to treat cancer and related diseases | 1.5 |
Tractor Supply Co. Retail farm store chain | 1.4 |
Portfolio breakdown (%) (at June 30, 2019) | |
Common Stocks | 99.0 |
Money Market Funds | 1.0 |
Securities Lending Collateral | 0.0(a) |
Total | 100.0 |
(a) | Rounds to zero. |
Equity sector breakdown (%) (at June 30, 2019) | |
Communication Services | 4.7 |
Consumer Discretionary | 17.1 |
Consumer Staples | 1.8 |
Energy | 1.8 |
Financials | 7.1 |
Health Care | 22.2 |
Industrials | 14.6 |
Information Technology | 26.3 |
Materials | 1.4 |
Real Estate | 3.0 |
Total | 100.0 |
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Columbia Acorn® Fund
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Columbia Acorn® Fund
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Columbia Acorn International® (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2019) | |||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 18.38 | -0.66 | 2.52 | 8.71 | 9.56 |
Including sales charges | 11.56 | -6.37 | 1.32 | 8.07 | 9.32 | ||
Advisor Class | 11/08/12 | 18.49 | -0.41 | 2.75 | 9.00 | 9.94 | |
Class C | Excluding sales charges | 10/16/00 | 17.93 | -1.41 | 1.76 | 7.89 | 8.74 |
Including sales charges | 16.93 | -2.13 | 1.76 | 7.89 | 8.74 | ||
Institutional Class | 09/23/92 | 18.53 | -0.42 | 2.79 | 9.03 | 9.95 | |
Institutional 2 Class | 08/02/11 | 18.54 | -0.37 | 2.84 | 9.06 | 9.95 | |
Institutional 3 Class | 11/08/12 | 18.60 | -0.29 | 2.89 | 9.10 | 9.98 | |
Class R | 08/02/11 | 18.23 | -0.91 | 2.21 | 8.37 | 9.27 | |
MSCI ACWI ex USA SMID Cap Growth Index (Net) | 14.84 | -3.67 | 3.63 | 8.15 | - | ||
MSCI ACWI ex USA SMID Cap Index (Net) | 12.61 | -3.81 | 2.80 | 7.93 | - |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 7 |
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Columbia Acorn International® (Unaudited)
Top ten holdings (%) (at June 30, 2019) | |
CCL Industries, Inc. (Canada) Manufacturing services and specialty packaging products for the non-durable consumer products market | 2.9 |
SimCorp AS (Denmark) Global provider of highly specialised software for the investment management industry | 2.4 |
Hexagon AB, Class B (Sweden) Design, measurement and visualisation technologies | 2.3 |
Hikari Tsushin, Inc. (Japan) Distribution network, telecommunication, office automation equipment, in-house products and individual insurance plans | 1.8 |
Rightmove PLC (United Kingdom) Website that lists properties across Britain | 1.8 |
Kindred Group PLC (Malta) Online gambling services | 1.8 |
Korea Zinc Co. Ltd. (South Korea) Non-ferrous metal smelting | 1.7 |
Intermediate Capital Group PLC (United Kingdom) Private equity firm | 1.6 |
Rational AG (Germany) Food preparation appliances/processors and kitchen accessories | 1.6 |
Nemetschek SE (Germany) Standard software for designing, constructing and managing buildings and real estate | 1.6 |
Equity sector breakdown (%) (at June 30, 2019) | |
Communication Services | 6.5 |
Consumer Discretionary | 12.9 |
Consumer Staples | 5.3 |
Energy | 1.3 |
Financials | 11.9 |
Health Care | 8.4 |
Industrials | 22.5 |
Information Technology | 17.3 |
Materials | 9.8 |
Real Estate | 4.1 |
Total | 100.0 |
Country breakdown (%) (at June 30, 2019) | |
Australia | 5.1 |
Belgium | 0.3 |
Brazil | 2.0 |
Cambodia | 1.1 |
Canada | 6.7 |
China | 1.5 |
Cyprus | 0.1 |
Denmark | 2.3 |
France | 0.7 |
Germany | 6.5 |
Hong Kong | 1.2 |
India | 2.2 |
Ireland | 1.2 |
Italy | 3.4 |
Japan | 20.0 |
Malta | 1.7 |
Mexico | 0.8 |
Netherlands | 1.7 |
New Zealand | 0.9 |
Norway | 0.5 |
Philippines | 0.5 |
Poland | 0.6 |
Russian Federation | 1.0 |
Singapore | 1.4 |
South Africa | 1.1 |
South Korea | 4.3 |
Spain | 0.5 |
Sweden | 3.8 |
Switzerland | 3.4 |
Taiwan | 3.3 |
Thailand | 0.6 |
United Kingdom | 13.0 |
United States(a) | 6.6 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
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Columbia Acorn International®
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Columbia Acorn International®
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Columbia Acorn USA® (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2019) | |||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 19.53 | 1.49 | 9.26 | 14.33 | 10.39 |
Including sales charges | 12.63 | -4.35 | 7.97 | 13.65 | 10.10 | ||
Advisor Class | 11/08/12 | 19.74 | 1.75 | 9.53 | 14.64 | 10.74 | |
Class C | Excluding sales charges | 10/16/00 | 18.98 | 0.63 | 8.46 | 13.49 | 9.58 |
Including sales charges | 17.98 | -0.04 | 8.46 | 13.49 | 9.58 | ||
Institutional Class | 09/04/96 | 19.75 | 1.74 | 9.53 | 14.63 | 10.74 | |
Institutional 2 Class | 11/08/12 | 19.82 | 1.83 | 9.64 | 14.70 | 10.77 | |
Institutional 3 Class | 11/08/12 | 19.83 | 1.86 | 9.68 | 14.74 | 10.78 | |
Russell 2000 Growth Index | 20.36 | -0.49 | 8.63 | 14.41 | - |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 11 |
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Columbia Acorn USA® (Unaudited)
Top ten holdings (%) (at June 30, 2019) | |
Cedar Fair LP Owns and operates amusement parks | 2.1 |
Manhattan Associates, Inc. Information technology solutions for distribution centers | 2.0 |
Chemed Corp. Hospice and palliative care services | 2.0 |
Dorman Products, Inc. Automotive products and home hardware | 1.9 |
Extended Stay America, Inc. Hotels and motels | 1.6 |
ITT, Inc. Engineered components & customized technology solutions | 1.6 |
National Research Corp., Class A Survey-based healthcare performance, analysis and tracking | 1.5 |
WD-40 Co. Multi-purpose lubricant products and heavy-duty hand cleaners | 1.5 |
HealthEquity, Inc. Technology-enabled services platforms for consumers to make healthcare saving and spending decisions | 1.4 |
BWX Technologies, Inc. Nuclear components and fuel | 1.4 |
Portfolio breakdown (%) (at June 30, 2019) | |
Common Stocks | 93.4 |
Limited Partnerships | 2.0 |
Money Market Funds | 4.4 |
Securities Lending Collateral | 0.2 |
Total | 100.0 |
Equity sector breakdown (%) (at June 30, 2019) | |
Communication Services | 0.5 |
Consumer Discretionary | 20.7 |
Consumer Staples | 5.4 |
Energy | 1.3 |
Financials | 11.8 |
Health Care | 24.8 |
Industrials | 12.4 |
Information Technology | 17.3 |
Materials | 2.8 |
Real Estate | 3.0 |
Total | 100.0 |
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Columbia Acorn USA®
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Columbia Acorn USA®
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Columbia Acorn International SelectSM (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2019) | |||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 23.22 | 5.96 | 4.28 | 9.45 | 8.49 |
Including sales charges | 16.13 | -0.12 | 3.05 | 8.81 | 8.18 | ||
Advisor Class | 11/08/12 | 23.41 | 6.26 | 4.55 | 9.77 | 8.82 | |
Class C | Excluding sales charges | 10/16/00 | 22.76 | 5.21 | 3.49 | 8.60 | 7.67 |
Including sales charges | 21.76 | 4.25 | 3.49 | 8.60 | 7.67 | ||
Institutional Class | 11/23/98 | 23.38 | 6.24 | 4.56 | 9.78 | 8.83 | |
Institutional 2 Class | 11/08/12 | 23.43 | 6.32 | 4.63 | 9.82 | 8.85 | |
Institutional 3 Class | 11/08/12 | 23.49 | 6.40 | 4.68 | 9.86 | 8.87 | |
MSCI ACWI ex USA Growth Index (Net) | 17.20 | 2.64 | 4.00 | 7.61 | - | ||
MSCI ACWI ex USA Index (Net) | 13.60 | 1.29 | 2.16 | 6.54 | - |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 15 |
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Columbia Acorn International SelectSM (Unaudited)
Top ten holdings (%) (at June 30, 2019) | |
Koninklijke Philips NV (Netherlands) Health technology focused on improving people’s health | 5.1 |
Hexagon AB, Class B (Sweden) Design, measurement and visualisation technologies | 5.0 |
New Oriental Education & Technology Group, Inc., ADR (China) Educational services | 4.1 |
Nemetschek SE (Germany) Standard software for designing, constructing and managing buildings and real estate | 4.1 |
CCL Industries, Inc. (Canada) Manufacturing services and specialty packaging products for the non-durable consumer products market | 3.9 |
Recruit Holdings Co., Ltd. (Japan) Information providing services in human resource, housing, bridal, travel, restaurants, beauty, automobiles, and education and more | 3.3 |
Halma PLC (United Kingdom) Products that detect hazards and protect assets and people in public and commercial buildings | 3.3 |
MTU Aero Engines AG (Germany) Develops and manufactures engines and offers commercial engine services and support | 3.0 |
Korea Zinc Co. Ltd. (South Korea) Non-ferrous metal smelting | 3.0 |
Hikari Tsushin, Inc. (Japan) Distribution network, telecommunication, office automation equipment, in-house products and individual insurance plans | 2.9 |
Equity sector breakdown (%) (at June 30, 2019) | |
Communication Services | 8.1 |
Consumer Discretionary | 15.7 |
Consumer Staples | 1.9 |
Financials | 11.6 |
Health Care | 9.6 |
Industrials | 23.0 |
Information Technology | 16.7 |
Materials | 8.8 |
Real Estate | 4.6 |
Total | 100.0 |
Country breakdown (%) (at June 30, 2019) | |
Australia | 1.9 |
Brazil | 2.1 |
Canada | 5.9 |
China | 6.1 |
France | 2.5 |
Germany | 9.0 |
India | 4.0 |
Italy | 3.8 |
Japan | 19.0 |
Mexico | 1.9 |
Netherlands | 4.9 |
Singapore | 2.2 |
South Africa | 1.8 |
South Korea | 5.2 |
Sweden | 6.8 |
Switzerland | 4.9 |
Taiwan | 1.9 |
United Kingdom | 12.4 |
United States(a) | 3.7 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
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Columbia Acorn International SelectSM
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Columbia Acorn International SelectSM
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Columbia Acorn SelectSM (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2019) | |||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 16.30 | -4.38 | 7.48 | 11.95 | 9.54 |
Including sales charges | 9.62 | -9.90 | 6.21 | 11.29 | 9.22 | ||
Advisor Class | 11/08/12 | 16.48 | -4.08 | 7.74 | 12.24 | 9.86 | |
Class C | Excluding sales charges | 10/16/00 | 15.80 | -5.13 | 6.67 | 11.10 | 8.71 |
Including sales charges | 14.80 | -5.86 | 6.67 | 11.10 | 8.71 | ||
Institutional Class | 11/23/98 | 16.50 | -4.06 | 7.78 | 12.27 | 9.87 | |
Institutional 2 Class | 11/08/12 | 16.54 | -4.05 | 7.82 | 12.30 | 9.89 | |
Institutional 3 Class | 11/08/12 | 16.50 | -3.95 | 7.88 | 12.34 | 9.91 | |
Russell 2500 Growth Index | 23.92 | 6.13 | 9.98 | 15.67 | - |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 19 |
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Columbia Acorn SelectSM (Unaudited)
Top ten holdings (%) (at June 30, 2019) | |
Masimo Corp. Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 4.4 |
Bright Horizons Family Solutions, Inc. Child care and early education services | 4.4 |
Black Knight, Inc. Integrated technology, work flow automation, data and analytic solutions | 4.4 |
Encompass Health Corp. Inpatient rehabilitative healthcare services | 4.3 |
Gartner, Inc. Research and analysis on computer hardware, software, communications, and information technology | 4.0 |
Toro Co. (The) Turf equipment | 3.9 |
SVB Financial Group Holding company for Silicon Valley Bank | 3.8 |
GoDaddy, Inc., Class A Cloud-based web platform for small businesses, web design professionals and individuals | 3.7 |
Dorman Products, Inc. Automotive products and home hardware | 3.5 |
BWX Technologies, Inc. Nuclear components and fuel | 3.3 |
Portfolio breakdown (%) (at June 30, 2019) | |
Common Stocks | 98.6 |
Money Market Funds | 1.4 |
Securities Lending Collateral | 0.0(a) |
Total | 100.0 |
(a) | Rounds to zero. |
Equity sector breakdown (%) (at June 30, 2019) | |
Communication Services | 4.8 |
Consumer Discretionary | 16.3 |
Financials | 9.3 |
Health Care | 24.7 |
Industrials | 16.2 |
Information Technology | 26.1 |
Real Estate | 2.6 |
Total | 100.0 |
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Columbia Acorn SelectSM
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Columbia Acorn SelectSM
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Columbia Thermostat FundSM (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2019) | |||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 03/03/03 | 9.52 | 8.83 | 4.04 | 8.96 | 6.76 |
Including sales charges | 3.26 | 2.60 | 2.82 | 8.32 | 6.38 | ||
Advisor Class | 11/08/12 | 9.68 | 9.19 | 4.31 | 9.23 | 7.03 | |
Class C | Excluding sales charges | 03/03/03 | 9.09 | 8.10 | 3.27 | 8.15 | 5.97 |
Including sales charges | 8.09 | 7.10 | 3.27 | 8.15 | 5.97 | ||
Institutional Class | 09/25/02 | 9.59 | 9.09 | 4.29 | 9.23 | 7.03 | |
Institutional 2 Class | 11/08/12 | 9.67 | 9.22 | 4.33 | 9.25 | 7.04 | |
Institutional 3 Class | 11/08/12 | 9.68 | 9.29 | 4.37 | 9.28 | 7.06 | |
Blended Benchmark | 12.39 | 9.63 | 6.98 | 9.42 | - | ||
S&P 500® Index | 18.54 | 10.42 | 10.71 | 14.70 | - | ||
Bloomberg Barclays U.S. Aggregate Bond Index | 6.11 | 7.87 | 2.95 | 3.90 | - |
* | The Blended Benchmark, established by the Fund’s investment manager, is an equally weighted custom composite of Columbia Thermostat Fund’s primary equity and primary debt benchmarks, the S&P 500® Index and the Bloomberg Barclays U.S. Aggregate Bond Index, respectively. The percentage of the Fund’s assets allocated to underlying stock and bond portfolio funds will vary, and accordingly the composition of the Fund’s portfolio will not always reflect the composition of the Blended Benchmark. |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 23 |
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Columbia Thermostat FundSM (Unaudited)
Portfolio breakdown (%) (at June 30, 2019) | |
Equity Funds | 45.6 |
Exchange-Traded Funds | 5.4 |
Fixed-Income Funds | 48.3 |
Money Market Funds | 0.7 |
Total | 100.0 |
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Columbia Thermostat FundSM
• | The Fund began 2019 with an allocation of 15% to stocks and 85% to bonds, using the S&P 500® Index levels reflected in the prospectus stock/bond allocation table in place at the time. |
• | On January 3, the S&P 500® Index fell below the 2,470 threshold, triggering a reallocation to 35% stocks and 65% bonds on January 4. |
• | On February 1, the S&P 500® Index rose above the 2,672 threshold, triggering a reallocation to 20% stocks and 80% bonds on February 4. |
• | On February 19, the S&P 500® Index rose above the 2,779 threshold, triggering a reallocation to 15% stocks and 85% bonds on February 20. |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 25 |
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Columbia Thermostat FundSM
• | On April 5, the S&P 500® Index rose above the 2,890 threshold, triggering a reallocation to 10% stocks and 90% bonds on April 8. |
• | On May 1, the Fund increased the S&P 500®Index levels in its stock/bond allocation table in connection with the annual prospectus review and update. |
• | On May 8, the S&P 500® Index fell below the 2,981 threshold, triggering a reallocation to 35% stocks and 65% bonds on May 9. |
• | On May 13, the S&P 500® Index fell below the 2,866 threshold, triggering a reallocation to 40% stocks and 60% bonds on May 14. |
• | On May 31, the S&P 500® Index fell below the 2,756 threshold, triggering a reallocation to 45% stocks and 55% bonds on June 3. |
Stock Funds | Weightings in allocation | 2nd quarter performance | Year-to-date performance |
Columbia Acorn Fund®, Institutional 3 Class | 10% | 3.95% | 21.24% |
Columbia Acorn International®, Institutional 3 Class | 10% | 5.38% | 18.60% |
Columbia Acorn SelectSM, Institutional 3 Class | 10% | 2.86% | 16.50% |
Columbia Contrarian Core Fund, Institutional 3 Class | 10% | 4.68% | 19.57% |
Columbia Dividend Income Fund, Institutional 3 Class | 10% | 4.12% | 16.64% |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class | 10% | 1.98% | 14.99% |
Columbia Large Cap Index Fund, Institutional 3 Class | 40% | 4.24% | 18.43% |
Weighted Average Income Gain/Loss | 100% | 4.00% | 18.15% |
Bond Funds | Weightings in allocation | 2nd quarter performance | Year-to-date performance |
Columbia Corporate Income Fund, Institutional 3 Class | 10% | 4.70% | 10.67% |
Columbia Diversified Fixed Income Allocation ETF | 10% | 3.68% | 9.47% |
Columbia Inflation Protected Securities Fund, Institutional 3 Class | 10% | 2.67% | 6.43% |
Columbia Quality Income Fund, Institutional 3 Class | 20% | 2.34% | 4.88% |
Columbia Short Term Bond Fund, Institutional 3 Class | 15% | 1.76% | 3.69% |
Columbia U.S. Treasury Index Fund, Institutional 3 Class | 35% | 2.98% | 5.04% |
Weighted Average Income Gain/Loss | 100% | 2.86% | 5.79% |
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Columbia Thermostat FundSM
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Columbia Acorn Emerging Markets FundSM (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2019) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 08/19/11 | 10.89 | -3.27 | -2.04 | 2.99 |
Including sales charges | 4.47 | -8.81 | -3.19 | 2.22 | ||
Advisor Class | 11/08/12 | 11.06 | -3.03 | -1.78 | 3.30 | |
Class C | Excluding sales charges | 08/19/11 | 10.44 | -4.01 | -2.77 | 2.24 |
Including sales charges | 9.44 | -4.96 | -2.77 | 2.24 | ||
Institutional Class | 08/19/11 | 11.03 | -2.97 | -1.78 | 3.28 | |
Institutional 2 Class | 11/08/12 | 11.05 | -2.95 | -1.71 | 3.36 | |
Institutional 3 Class | 06/13/13 | 11.15 | -2.92 | -1.66 | 3.39 | |
MSCI Emerging Markets SMID Cap Index (Net) | 7.62 | -2.26 | 0.87 | - |
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Columbia Acorn Emerging Markets FundSM (Unaudited)
Top ten holdings (%) (at June 30, 2019) | |
Sul America SA (Brazil) Full service insurance company | 4.1 |
Localiza Rent a Car SA (Brazil) Rents automobiles | 4.0 |
Sinbon Electronics Co., Ltd. (Taiwan) Cable, connectors & modems | 3.5 |
Korea Zinc Co. Ltd. (South Korea) Non-ferrous metal smelting | 3.4 |
Vitasoy International Holdings Ltd. (Hong Kong) Food and beverages | 3.3 |
DoubleUGames Co., Ltd. (South Korea) Online and mobile games | 3.3 |
Koh Young Technology, Inc. (South Korea) 3D measurement and inspection equipment for testing various machineries | 3.2 |
Korea Investment Holdings Co., Ltd. (South Korea) Financial holding company | 3.2 |
PSG Group Ltd. (South Africa) Diversified financial services | 2.9 |
New Oriental Education & Technology Group, Inc., ADR (China) Educational services | 2.7 |
Equity sector breakdown (%) (at June 30, 2019) | |
Communication Services | 6.9 |
Consumer Discretionary | 18.0 |
Consumer Staples | 6.8 |
Financials | 29.7 |
Health Care | 3.3 |
Industrials | 11.4 |
Information Technology | 15.7 |
Materials | 6.7 |
Real Estate | 1.5 |
Total | 100.0 |
Country breakdown (%) (at June 30, 2019) | |
Brazil | 8.2 |
Cambodia | 2.6 |
China | 6.3 |
Egypt | 1.5 |
Hong Kong | 6.4 |
India | 11.7 |
Indonesia | 3.1 |
Malaysia | 1.0 |
Mexico | 3.4 |
Philippines | 2.4 |
Poland | 1.9 |
Russian Federation | 2.2 |
South Africa | 6.8 |
South Korea | 14.2 |
Taiwan | 18.8 |
Thailand | 4.3 |
Turkey | 1.0 |
United Kingdom | 0.8 |
United States(a) | 3.4 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 29 |
Table of Contents
Columbia Acorn Emerging Markets FundSM
30 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn Emerging Markets FundSM
Columbia Acorn Family of Funds | Semiannual Report 2019 | 31 |
Table of Contents
Columbia Acorn European FundSM (Unaudited)
Average annual total returns (%) (for the period ended June 30, 2019) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 08/19/11 | 29.56 | 4.62 | 5.64 | 10.18 |
Including sales charges | 22.11 | -1.42 | 4.40 | 9.35 | ||
Advisor Class | 06/25/14 | 29.72 | 4.90 | 5.93 | 10.48 | |
Class C | Excluding sales charges | 08/19/11 | 29.03 | 3.83 | 4.86 | 9.37 |
Including sales charges | 28.03 | 2.83 | 4.86 | 9.37 | ||
Institutional Class | 08/19/11 | 29.74 | 4.92 | 5.91 | 10.47 | |
Institutional 2 Class | 11/08/12 | 29.72 | 4.97 | 5.96 | 10.50 | |
Institutional 3 Class | 03/01/17 | 29.75 | 5.00 | 5.95 | 10.49 | |
MSCI AC Europe Small Cap Index (Net) | 15.41 | -6.58 | 3.68 | - |
32 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn European FundSM (Unaudited)
Top ten holdings (%) (at June 30, 2019) | |
Sectra AB, Class B (Sweden) Medical and communication systems | 4.5 |
Nemetschek SE (Germany) Standard software for designing, constructing and managing buildings and real estate | 4.2 |
Belimo Holding AG, Registered Shares (Switzerland) Manufactures heating, ventilation and air conditioning equipment | 3.6 |
SimCorp AS (Denmark) Global provider of highly specialised software for the investment management industry | 3.4 |
Sweco AB, Class B (Sweden) Consulting company specializing in engineering, environmental technology, and architecture | 3.3 |
Halma PLC (United Kingdom) Products that detect hazards and protect assets and people in public and commercial buildings | 3.2 |
Rentokil Initial PLC (United Kingdom) Fully integrated facilities management and essential support services | 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 |
Rational AG (Germany) Food preparation appliances/processors and kitchen accessories | 3.0 |
IMCD NV (Netherlands) Specialty chemicals and food ingredients | 2.9 |
Equity sector breakdown (%) (at June 30, 2019) | |
Communication Services | 5.8 |
Consumer Discretionary | 7.3 |
Consumer Staples | 1.5 |
Financials | 8.1 |
Health Care | 13.6 |
Industrials | 38.8 |
Information Technology | 20.8 |
Materials | 2.1 |
Real Estate | 2.0 |
Total | 100.0 |
Country breakdown (%) (at June 30, 2019) | |
Belgium | 1.3 |
Denmark | 4.7 |
France | 3.4 |
Germany | 18.5 |
Ireland | 1.8 |
Italy | 7.1 |
Malta | 2.3 |
Netherlands | 3.9 |
Norway | 0.9 |
Poland | 1.5 |
Russian Federation | 1.0 |
Spain | 2.9 |
Sweden | 13.8 |
Switzerland | 9.3 |
Turkey | 0.8 |
Ukraine | 0.4 |
United Kingdom | 25.1 |
United States(a) | 1.3 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 33 |
Table of Contents
Columbia Acorn European FundSM
34 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn European FundSM
Columbia Acorn Family of Funds | Semiannual Report 2019 | 35 |
Table of Contents
Fund | Ordinary income | Short-term capital gain | Long-term capital gain | Record date | Ex-dividend date | Payable date |
Columbia Acorn® Fund | ||||||
Class A | None | None | 0.66818 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Advisor Class | None | None | 0.66818 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Class C | None | None | 0.66818 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional Class | None | None | 0.66818 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional 2 Class | None | None | 0.66818 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional 3 Class | None | None | 0.66818 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Columbia Acorn International® | ||||||
Class A | 0.10873 | None | 1.94754 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Advisor Class | 0.10873 | None | 1.94754 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Class C | None | None | 1.94754 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional Class | 0.10873 | None | 1.94754 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional 2 Class | 0.10873 | None | 1.94754 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional 3 Class | 0.10873 | None | 1.94754 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Class R | 0.02956 | None | 1.94754 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Columbia Acorn USA® | ||||||
Class A | 0.00988 | 0.10130 | 0.46222 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Advisor Class | 0.00988 | 0.10130 | 0.46222 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Class C | None | 0.10130 | 0.46222 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional Class | 0.00988 | 0.10130 | 0.46222 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional 2 Class | 0.00988 | 0.10130 | 0.46222 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional 3 Class | 0.00988 | 0.10130 | 0.46222 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Columbia Acorn International SelectSM | ||||||
Class A | 0.04233 | None | 0.25869 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Advisor Class | 0.11499 | None | 0.25869 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Class C | None | None | 0.25869 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional Class | 0.11499 | None | 0.25869 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional 2 Class | 0.14114 | None | 0.25869 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional 3 Class | 0.15277 | None | 0.25869 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Columbia Acorn SelectSM | ||||||
Class A | None | None | 0.26946 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Advisor Class | None | None | 0.26946 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Class C | None | None | 0.26946 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional Class | None | None | 0.26946 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional 2 Class | None | None | 0.26946 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional 3 Class | None | None | 0.26946 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Columbia Thermostat FundSM | ||||||
Class A | None | None | 0.11686 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Advisor Class | None | None | 0.11686 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Class C | None | None | 0.11686 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional Class | None | None | 0.11686 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional 2 Class | None | None | 0.11686 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
Institutional 3 Class | None | None | 0.11686 | 6/11/2019 | 6/12/2019 | 6/12/2019 |
36 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
(Unaudited)
January 1, 2019 — June 30, 2019 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Columbia Acorn® Fund | |||||||
Class A | 1,000.00 | 1,000.00 | 1,209.40 | 1,019.18 | 5.91 | 5.40 | 1.09 |
Advisor Class | 1,000.00 | 1,000.00 | 1,211.30 | 1,020.40 | 4.55 | 4.16 | 0.84 |
Class C | 1,000.00 | 1,000.00 | 1,204.80 | 1,015.50 | 9.95 | 9.09 | 1.84 |
Institutional Class | 1,000.00 | 1,000.00 | 1,211.90 | 1,020.40 | 4.56 | 4.16 | 0.84 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,211.50 | 1,020.50 | 4.45 | 4.06 | 0.82 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,212.40 | 1,020.74 | 4.18 | 3.82 | 0.77 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 37 |
Table of Contents
(Unaudited)
January 1, 2019 — June 30, 2019 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Columbia Acorn International® | |||||||
Class A | 1,000.00 | 1,000.00 | 1,183.80 | 1,018.34 | 6.75 | 6.24 | 1.26 |
Advisor Class | 1,000.00 | 1,000.00 | 1,184.90 | 1,019.57 | 5.41 | 5.00 | 1.01 |
Class C | 1,000.00 | 1,000.00 | 1,179.30 | 1,014.66 | 10.74 | 9.93 | 2.01 |
Institutional Class | 1,000.00 | 1,000.00 | 1,185.30 | 1,019.57 | 5.41 | 5.00 | 1.01 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,185.40 | 1,019.86 | 5.09 | 4.71 | 0.95 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,186.00 | 1,020.11 | 4.82 | 4.46 | 0.90 |
Class R | 1,000.00 | 1,000.00 | 1,182.30 | 1,017.12 | 8.08 | 7.47 | 1.51 |
Columbia Acorn USA® | |||||||
Class A | 1,000.00 | 1,000.00 | 1,195.30 | 1,017.56 | 7.64 | 7.02 | 1.42 |
Advisor Class | 1,000.00 | 1,000.00 | 1,197.40 | 1,018.83 | 6.25 | 5.74 | 1.16 |
Class C | 1,000.00 | 1,000.00 | 1,189.80 | 1,013.93 | 11.60 | 10.67 | 2.16 |
Institutional Class | 1,000.00 | 1,000.00 | 1,197.50 | 1,018.83 | 6.25 | 5.74 | 1.16 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,198.20 | 1,019.22 | 5.82 | 5.35 | 1.08 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,198.30 | 1,019.47 | 5.55 | 5.10 | 1.03 |
Columbia Acorn International SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,232.20 | 1,017.65 | 7.66 | 6.93 | 1.40 |
Advisor Class | 1,000.00 | 1,000.00 | 1,234.10 | 1,018.88 | 6.30 | 5.69 | 1.15 |
Class C | 1,000.00 | 1,000.00 | 1,227.60 | 1,013.98 | 11.74 | 10.62 | 2.15 |
Institutional Class | 1,000.00 | 1,000.00 | 1,233.80 | 1,018.88 | 6.30 | 5.69 | 1.15 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,234.30 | 1,019.32 | 5.81 | 5.25 | 1.06 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,234.90 | 1,019.57 | 5.53 | 5.00 | 1.01 |
Columbia Acorn SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,163.00 | 1,018.78 | 6.21 | 5.79 | 1.17 |
Advisor Class | 1,000.00 | 1,000.00 | 1,164.80 | 1,020.06 | 4.83 | 4.51 | 0.91 |
Class C | 1,000.00 | 1,000.00 | 1,158.00 | 1,015.15 | 10.11 | 9.44 | 1.91 |
Institutional Class | 1,000.00 | 1,000.00 | 1,165.00 | 1,020.01 | 4.88 | 4.56 | 0.92 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,165.40 | 1,020.30 | 4.57 | 4.26 | 0.86 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,165.00 | 1,020.55 | 4.30 | 4.01 | 0.81 |
Columbia Acorn Emerging Markets FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,108.90 | 1,017.02 | 7.91 | 7.57 | 1.53 |
Advisor Class | 1,000.00 | 1,000.00 | 1,110.60 | 1,018.24 | 6.62 | 6.33 | 1.28 |
Class C | 1,000.00 | 1,000.00 | 1,104.40 | 1,013.34 | 11.77 | 11.26 | 2.28 |
Institutional Class | 1,000.00 | 1,000.00 | 1,110.30 | 1,018.24 | 6.62 | 6.33 | 1.28 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,110.50 | 1,018.68 | 6.16 | 5.89 | 1.19 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,111.50 | 1,018.93 | 5.90 | 5.64 | 1.14 |
Columbia Acorn European FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,295.60 | 1,017.46 | 8.11 | 7.12 | 1.44 |
Advisor Class | 1,000.00 | 1,000.00 | 1,297.20 | 1,018.68 | 6.70 | 5.89 | 1.19 |
Class C | 1,000.00 | 1,000.00 | 1,290.30 | 1,013.73 | 12.36 | 10.86 | 2.20 |
Institutional Class | 1,000.00 | 1,000.00 | 1,297.40 | 1,018.68 | 6.70 | 5.89 | 1.19 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,297.20 | 1,018.98 | 6.37 | 5.59 | 1.13 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,297.50 | 1,019.22 | 6.08 | 5.35 | 1.08 |
38 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
(Unaudited)
January 1, 2019 — June 30, 2019 | ||||||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | Effective expenses paid during the period ($) | Fund’s effective annualized expense ratio (%) | |||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,095.20 | 1,022.07 | 2.57 | 2.48 | 0.50 | 4.57 | 4.41 | 0.89 |
Advisor Class | 1,000.00 | 1,000.00 | 1,096.80 | 1,023.29 | 1.29 | 1.24 | 0.25 | 3.29 | 3.18 | 0.64 |
Class C | 1,000.00 | 1,000.00 | 1,090.90 | 1,018.39 | 6.41 | 6.19 | 1.25 | 8.41 | 8.12 | 1.64 |
Institutional Class | 1,000.00 | 1,000.00 | 1,095.90 | 1,023.29 | 1.28 | 1.24 | 0.25 | 3.29 | 3.18 | 0.64 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,096.70 | 1,023.54 | 1.03 | 0.99 | 0.20 | 3.03 | 2.93 | 0.59 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,096.80 | 1,023.78 | 0.77 | 0.74 | 0.15 | 2.78 | 2.68 | 0.54 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 39 |
Table of Contents
Columbia Acorn® Fund, June 30, 2019 (Unaudited)
Common Stocks 98.7% | ||
Issuer | Shares | Value ($) |
Communication Services 4.6% | ||
Entertainment 4.0% | ||
Live Nation Entertainment, Inc.(a) Live concerts and ticket sales | 595,434 | 39,447,502 |
Madison Square Garden Co. (The), Class A(a) Sports, entertainment and media | 71,000 | 19,875,740 |
Take-Two Interactive Software, Inc.(a) Interactive entertainment software games and accessories | 543,500 | 61,703,555 |
World Wrestling Entertainment, Inc., Class A Media and entertainment company | 350,200 | 25,287,942 |
Zynga, Inc., Class A(a) Social gaming company | 4,795,000 | 29,393,350 |
Total | 175,708,089 | |
Media 0.6% | ||
Cable One, Inc. Cable company | 22,849 | 26,755,951 |
Total Communication Services | 202,464,040 | |
Consumer Discretionary 16.8% | ||
Auto Components 1.2% | ||
Dorman Products, Inc.(a) Automotive products and home hardware | 614,883 | 53,580,904 |
Distributors 0.6% | ||
Pool Corp. Swimming pool supplies, equipment and leisure products | 139,037 | 26,556,067 |
Diversified Consumer Services 3.7% | ||
Adtalem Global Education, Inc.(a) Higher education institutions | 581,823 | 26,211,126 |
Bright Horizons Family Solutions, Inc.(a) Child care and early education services | 298,273 | 45,000,448 |
Chegg, Inc.(a) Online educational platform | 483,548 | 18,660,117 |
Grand Canyon Education, Inc.(a) Online post secondary education | 607,287 | 71,064,725 |
Total | 160,936,416 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hotels, Restaurants & Leisure 3.4% | ||
Dunkin’ Brands Group, Inc. Quick service restaurants serving hot and cold coffee and baked goods | 301,422 | 24,011,276 |
Extended Stay America, Inc. Hotels and motels | 1,680,793 | 28,388,594 |
Texas Roadhouse, Inc. Moderately priced, full service restaurant chain | 600,473 | 32,227,386 |
Vail Resorts, Inc. Operates resorts globally | 290,060 | 64,735,591 |
Total | 149,362,847 | |
Household Durables 2.8% | ||
Helen of Troy Ltd.(a) Brand-name hair and comfort products | 124,547 | 16,264,593 |
iRobot Corp.(a),(b) Manufactures robots for cleaning | 387,904 | 35,547,523 |
NVR, Inc.(a) Builds and markets homes and conducts mortgage banking activities | 7,890 | 26,591,272 |
Skyline Champion Corp.(a) Factory-built housing | 1,545,405 | 42,313,189 |
Total | 120,716,577 | |
Internet & Direct Marketing Retail 0.9% | ||
Wayfair, Inc., Class A(a) Retails household goods online | 280,746 | 40,988,916 |
Leisure Products 0.6% | ||
Brunswick Corp. Consumer products serving the outdoor and indoor active recreation markets | 561,497 | 25,767,097 |
Specialty Retail 2.9% | ||
Five Below, Inc.(a) Specialty value retailer | 331,333 | 39,766,587 |
Monro, Inc. Automotive undercar repair and tire services | 263,523 | 22,478,512 |
Tractor Supply Co. Retail farm store chain | 567,948 | 61,792,742 |
Total | 124,037,841 | |
Textiles, Apparel & Luxury Goods 0.7% | ||
Carter’s, Inc. Markets baby and young children’s apparel | 330,200 | 32,207,708 |
Total Consumer Discretionary | 734,154,373 |
40 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn® Fund, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Staples 1.8% | ||
Food & Staples Retailing 0.5% | ||
BJ’s Wholesale Club Holdings, Inc.(a) Warehouse club | 875,000 | 23,100,000 |
Household Products 1.3% | ||
WD-40 Co. Multi-purpose lubricant products and heavy-duty hand cleaners | 347,934 | 55,335,424 |
Total Consumer Staples | 78,435,424 | |
Energy 1.8% | ||
Energy Equipment & Services 0.4% | ||
Helmerich & Payne, Inc. Contract drilling of oil and gas wells | 312,132 | 15,800,122 |
Oil, Gas & Consumable Fuels 1.4% | ||
Callon Petroleum Co.(a) Independent energy company | 3,415,455 | 22,507,848 |
Diamondback Energy, Inc. Independent oil and natural gas company | 356,816 | 38,882,240 |
Total | 61,390,088 | |
Total Energy | 77,190,210 | |
Financials 7.0% | ||
Banks 1.7% | ||
BOK Financial Corp. Multi-bank holding company | 290,911 | 21,957,962 |
OFG Bancorp Holding company for Oriental Bank | 860,000 | 20,442,200 |
SVB Financial Group(a) Holding company for Silicon Valley Bank | 144,722 | 32,503,114 |
Total | 74,903,276 | |
Capital Markets 2.4% | ||
Ares Management Corp., Class A Asset management firm | 1,477,000 | 38,653,090 |
Houlihan Lokey, Inc. Investment bank | 398,342 | 17,738,169 |
Raymond James Financial, Inc. Financial services to individuals, corporations, and municipalities | 382,123 | 32,308,500 |
Virtu Financial, Inc. Class A technology-enabled market maker and liquidity provider | 744,584 | 16,217,040 |
Total | 104,916,799 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Finance 0.6% | ||
Credit Acceptance Corp.(a) Funding, receivables management, collection, sales training, and related services to automobile dealers | 54,613 | 26,423,408 |
Insurance 1.8% | ||
Assured Guaranty Ltd. Financial guaranty insurance and reinsurance coverage | 410,000 | 17,252,800 |
Primerica, Inc. Distributes financial products to middle income households | 505,212 | 60,600,179 |
Total | 77,852,979 | |
Thrifts & Mortgage Finance 0.5% | ||
Walker & Dunlop, Inc. Commercial real estate financial services | 410,000 | 21,816,100 |
Total Financials | 305,912,562 | |
Health Care 22.0% | ||
Biotechnology 7.5% | ||
Agios Pharmaceuticals, Inc.(a) Therapeutics in the field of cancer metabolism | 883,362 | 44,062,097 |
Anika Therapeutics, Inc.(a),(c) Integrated orthopedic medicines company | 922,672 | 37,478,937 |
Enanta Pharmaceuticals, Inc.(a) Pharmaceutical products | 332,486 | 28,055,169 |
Exact Sciences Corp.(a) Developing and commercializing a test for the early detection and prevention of colorectal cancer | 586,950 | 69,283,578 |
Fate Therapeutics, Inc.(a) Biotechnology services | 512,004 | 10,393,681 |
MacroGenics, Inc.(a) Treatments for autoimmune disorders, cancer and infectious diseases | 1,725,000 | 29,273,250 |
Sage Therapeutics, Inc.(a) Treatments for central nervous system disorders | 249,294 | 45,643,238 |
Seattle Genetics, Inc.(a) Monoclonal antibody-based drugs to treat cancer and related diseases | 925,000 | 64,019,250 |
Total | 328,209,200 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 41 |
Table of Contents
Columbia Acorn® Fund, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Equipment & Supplies 7.3% | ||
ABIOMED, Inc.(a) Medical Devices for Cardiac Conditions | 68,540 | 17,853,985 |
AxoGen, Inc.(a) Technologies for peripheral nerve reconstruction and regeneration | 1,672,597 | 33,117,421 |
Globus Medical, Inc., Class A(a) Medical device company | 415,000 | 17,554,500 |
Insulet Corp.(a) Insulin infusion systems | 188,000 | 22,443,440 |
iRhythm Technologies, Inc.(a) Medical instruments | 276,644 | 21,877,007 |
Masimo Corp.(a) Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 447,452 | 66,589,807 |
Penumbra, Inc.(a) Peripheral vascular & neurovascular devices | 144,089 | 23,054,240 |
STERIS PLC Infection prevention products | 291,209 | 43,355,196 |
Tactile Systems Technology, Inc.(a) Technology for treating lymphedema, chronic swelling & venous ulcers | 322,800 | 18,373,776 |
Varian Medical Systems, Inc.(a) Medical equipment | 385,596 | 52,491,183 |
Total | 316,710,555 | |
Health Care Providers & Services 4.6% | ||
Chemed Corp. Hospice and palliative care services | 180,488 | 65,127,290 |
Encompass Health Corp. Inpatient rehabilitative healthcare services | 647,630 | 41,033,837 |
Laboratory Corp. of America Holdings(a) Clinical laboratory tests | 292,092 | 50,502,707 |
LHC Group, Inc.(a) Post-acute healthcare services | 207,075 | 24,762,028 |
Premier, Inc.(a) Healthcare services | 454,853 | 17,789,301 |
Total | 199,215,163 | |
Life Sciences Tools & Services 1.6% | ||
Bio-Techne Corp. Biotechnology products and clinical diagnostic controls | 157,802 | 32,900,139 |
Pra Health Sciences, Inc.(a) Global contract research organization | 365,262 | 36,215,727 |
Total | 69,115,866 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Pharmaceuticals 1.0% | ||
Horizon Therapeutics PLC(a) biopharmaceuitcal therapies | 1,861,457 | 44,786,655 |
Total Health Care | 958,037,439 | |
Industrials 14.4% | ||
Aerospace & Defense 0.8% | ||
HEICO Corp., Class A Aerospace products and services | 323,272 | 33,416,627 |
Air Freight & Logistics 1.1% | ||
Expeditors International of Washington, Inc. Global logistics company | 624,237 | 47,354,619 |
Building Products 1.4% | ||
Allegion PLC Security products and solutions | 542,420 | 59,964,531 |
Commercial Services & Supplies 0.6% | ||
Unifirst Corp. Workplace uniforms and protective clothing | 138,000 | 26,022,660 |
Construction & Engineering 0.7% | ||
Comfort Systems U.S.A., Inc. Heating, ventilation and air conditioning systems | 612,000 | 31,205,880 |
Machinery 4.0% | ||
Graco, Inc. Technology for the management of fluids in industrial and commercial applications | 776,812 | 38,980,426 |
ITT, Inc. Engineered components & customized technology solutions | 751,568 | 49,212,673 |
Nordson Corp. Systems that apply adhesives, sealants, and coatings to products during manufacturing | 134,721 | 19,037,424 |
Oshkosh Corp. Fire and emergency apparatuses and specialty commercial, and military trucks | 219,198 | 18,300,841 |
Toro Co. (The) Turf equipment | 483,510 | 32,346,819 |
Woodward, Inc. Energy control systems and components for aircraft, industrial engines and turbines | 154,374 | 17,468,962 |
Total | 175,347,145 |
42 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn® Fund, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Professional Services 1.9% | ||
Exponent, Inc. Science and engineering consulting firm | 448,000 | 26,225,920 |
ICF International, Inc. Management, technology, policy consulting, and implementation services | 223,021 | 16,235,929 |
ManpowerGroup, Inc. Non-governmental employment services | 217,593 | 21,019,483 |
Robert Half International, Inc. Temporary and permanent staffing services | 385,081 | 21,953,468 |
Total | 85,434,800 | |
Road & Rail 1.7% | ||
JB Hunt Transport Services, Inc. Logistics services | 580,380 | 53,052,536 |
Old Dominion Freight Line, Inc. Inter-regional and multi-regional motor carrier | 143,890 | 21,477,021 |
Total | 74,529,557 | |
Trading Companies & Distributors 2.2% | ||
Air Lease Corp. Aircraft leasing company | 560,000 | 23,150,400 |
HD Supply Holdings, Inc.(a) Industrial distributor | 515,000 | 20,744,200 |
SiteOne Landscape Supply, Inc.(a) Landscape supplies | 349,614 | 24,228,250 |
Watsco, Inc. Air conditioning, heating, and refrigeration equipment | 167,628 | 27,412,207 |
Total | 95,535,057 | |
Total Industrials | 628,810,876 | |
Information Technology 26.0% | ||
Electronic Equipment, Instruments & Components 2.8% | ||
CDW Corp. IT products and services | 662,872 | 73,578,792 |
Cognex Corp. Machine vision systems | 671,683 | 32,227,350 |
Dolby Laboratories, Inc., Class A Audio signal processing systems | 280,000 | 18,088,000 |
Total | 123,894,142 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
IT Services 7.8% | ||
Black Knight, Inc.(a) Integrated technology, work flow automation, data and analytic solutions | 800,103 | 48,126,196 |
Booz Allen Hamilton Holdings Corp. Technology consulting services to the U.S. government in the defense, intelligence, and civil markets | 1,179,928 | 78,123,033 |
EPAM Systems, Inc.(a) Provides software development, outsourcing services, e-business, enterprise relationship management and content management solutions | 382,412 | 66,195,517 |
Jack Henry & Associates, Inc. Integrated computer systems | 186,500 | 24,976,080 |
Live Ramp Holdings, Inc.(a) Marketing technology company | 655,659 | 31,786,348 |
Okta, Inc.(a) Internet applications software | 330,000 | 40,758,300 |
Science Applications International Corp. Scientific, Engineering and technology consulting services | 255,000 | 22,072,800 |
Wix.com Ltd.(a) Web platform | 186,500 | 26,501,650 |
Total | 338,539,924 | |
Semiconductors & Semiconductor Equipment 3.6% | ||
Brooks Automation, Inc. Automation solutions for the global semiconductor and related industries | 822,098 | 31,856,298 |
Inphi Corp.(a) Analog semiconductor solutions | 400,001 | 20,040,050 |
MKS Instruments, Inc. Instruments and components used to control and analyze gases in semiconductor manufacturing | 463,142 | 36,074,130 |
Semtech Corp.(a) Analog and mixed-signal semiconductors | 740,301 | 35,571,463 |
Silicon Laboratories, Inc.(a) Semiconductor company | 320,048 | 33,092,963 |
Total | 156,634,904 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 43 |
Table of Contents
Columbia Acorn® Fund, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Software 11.8% | ||
Alteryx, Inc., Class A(a) Data storage, retrieval, management, reporting, and analytics solutions | 269,404 | 29,397,365 |
Anaplan, Inc.(a) Cloud platform for business applications | 775,000 | 39,114,250 |
ANSYS, Inc.(a) Software solutions for design analysis and optimization | 114,117 | 23,373,444 |
Aspen Technology, Inc.(a) Process optimization software, products and services | 279,600 | 34,748,688 |
Blackline, Inc.(a) Develops and markets enterprise software | 849,805 | 45,473,066 |
Cadence Design Systems, Inc.(a) Software technology, design and consulting services and technology | 617,340 | 43,713,845 |
CyberArk Software Ltd.(a) IT security solutions | 427,377 | 54,635,876 |
Mimecast Ltd.(a) Cloud security and risk management services for corporate information and email | 552,989 | 25,830,116 |
New Relic, Inc.(a) Cloud based application performance management solutions | 452,381 | 39,135,480 |
Paylocity Holding Corp.(a) Cloud-based payroll and human capital management | 434,328 | 40,748,653 |
Q2 Holdings, Inc.(a) Secure, cloud-based virtual banking solutions | 301,395 | 23,014,522 |
Qualys, Inc.(a) Information technology security risk and compliance management solutions | 479,881 | 41,788,038 |
Synopsys, Inc.(a) Electronic design automation solutions | 187,763 | 24,163,220 |
Zscaler, Inc.(a) Cloud-based internet security platform | 628,600 | 48,175,904 |
Total | 513,312,467 | |
Total Information Technology | 1,132,381,437 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Materials 1.4% | ||
Containers & Packaging 1.4% | ||
Avery Dennison Corp. Pressure-sensitive materials and a variety of tickets, tags and labels | 343,325 | 39,715,836 |
Sealed Air Corp. Packaging and performance-based materials and equipment | 476,000 | 20,363,280 |
Total | 60,079,116 | |
Total Materials | 60,079,116 | |
Real Estate 2.9% | ||
Equity Real Estate Investment Trusts (REITS) 0.6% | ||
Lamar Advertising Co., Class A Outdoor advertising structures | 315,188 | 25,438,823 |
Real Estate Management & Development 2.3% | ||
Colliers International Group, Inc. Commercial real estate, residential property management and property services | 635,374 | 45,505,486 |
FirstService Corp. Real estate services | 217,000 | 20,814,640 |
Jones Lang LaSalle, Inc. Real estate and investment management services | 260,256 | 36,615,417 |
Total | 102,935,543 | |
Total Real Estate | 128,374,366 | |
Total Common Stocks (Cost: $3,374,770,201) | 4,305,839,843 | |
Securities Lending Collateral 0.0% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 2.250%(d),(e) | 666,000 | 666,000 |
Total Securities Lending Collateral (Cost: $666,000) | 666,000 | |
Money Market Funds 1.0% | ||
Columbia Short-Term Cash Fund, 2.433%(c),(d) | 41,795,215 | 41,791,036 |
Total Money Market Funds (Cost: $41,791,036) | 41,791,036 | |
Total Investments in Securities (Cost $3,417,227,237) | 4,348,296,879 | |
Obligation to Return Collateral for Securities Loaned | (666,000) | |
Other Assets & Liabilities, Net | 15,155,430 | |
Net Assets | $4,362,786,309 |
44 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn® Fund, June 30, 2019 (Unaudited)
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at June 30, 2019. The total market value of securities on loan at June 30, 2019 was $659,808. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended June 30, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Anika Therapeutics, Inc.‡ | ||||||||
— | 922,672 | — | 922,672 | — | 1,793,722 | — | 37,478,937 | |
Central Garden & Pet Co.† | ||||||||
683,522 | — | (683,522) | — | (7,870,504) | 2,815,890 | — | — | |
Columbia Short-Term Cash Fund, 2.433% | ||||||||
41,013,366 | 935,375,355 | (934,593,506) | 41,795,215 | (2,252) | — | 1,202,995 | 41,791,036 | |
Total of Affiliated Transactions | (7,872,756) | 4,609,612 | 1,202,995 | 79,269,973 |
‡ | Issuer was not an affiliate at the beginning of period. |
† | Issuer was not an affiliate at the end of period. |
(d) | The rate shown is the seven-day current annualized yield at June 30, 2019. |
(e) | Investment made with cash collateral received from securities lending activity. |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 45 |
Table of Contents
Columbia Acorn® Fund, June 30, 2019 (Unaudited)
The following table is a summary of the inputs used to value the Fund’s investments at June 30, 2019:
Level 1 quoted prices in active markets for identical assets ($) | 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 | 202,464,040 | — | — | — | 202,464,040 |
Consumer Discretionary | 734,154,373 | — | — | — | 734,154,373 |
Consumer Staples | 78,435,424 | — | — | — | 78,435,424 |
Energy | 77,190,210 | — | — | — | 77,190,210 |
Financials | 305,912,562 | — | — | — | 305,912,562 |
Health Care | 958,037,439 | — | — | — | 958,037,439 |
Industrials | 628,810,876 | — | — | — | 628,810,876 |
Information Technology | 1,132,381,437 | — | — | — | 1,132,381,437 |
Materials | 60,079,116 | — | — | — | 60,079,116 |
Real Estate | 128,374,366 | — | — | — | 128,374,366 |
Total Common Stocks | 4,305,839,843 | — | — | — | 4,305,839,843 |
Securities Lending Collateral | 666,000 | — | — | — | 666,000 |
Money Market Funds | — | — | — | 41,791,036 | 41,791,036 |
Total Investments in Securities | 4,306,505,843 | — | — | 41,791,036 | 4,348,296,879 |
46 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn International®, June 30, 2019 (Unaudited)
Common Stocks 94.2% | ||
Issuer | Shares | Value ($) |
Australia 5.1% | ||
carsales.com Ltd. Automotive & related industry websites | 3,033,523 | 28,872,761 |
Cleanaway Waste Management Ltd. Waste management services | 8,216,503 | 13,466,533 |
Costa Group Holdings Ltd. Fruits and vegetables | 2,448,000 | 6,955,472 |
DuluxGroup Ltd. Manufactures and supplies paints and other surface coatings | 5,423,000 | 35,494,255 |
Evolution Mining Ltd. Gold exploration | 3,469,000 | 10,631,805 |
National Storage REIT Owns self storage facilities | 17,772,881 | 21,854,480 |
National Storage REIT(a) Self storage facilities | 1,777,000 | 2,185,094 |
Star Entertainment Group Ltd. (The) Casinos and hotels | 6,979,955 | 20,210,738 |
Total | 139,671,138 | |
Belgium 0.3% | ||
Melexis NV Advanced integrated semiconductors, sensor ICs, and programmable sensor IC systems | 110,173 | 7,449,533 |
Brazil 2.0% | ||
Localiza Rent a Car SA Rents automobiles | 1,907,100 | 20,208,570 |
Sul America SA Full service insurance company | 3,668,400 | 35,882,005 |
Total | 56,090,575 | |
Cambodia 1.1% | ||
NagaCorp Ltd. Leisure and tourism company | 24,490,000 | 30,121,691 |
Canada 6.7% | ||
CAE, Inc. Training solutions based on simulation technology and integrated training services | 1,381,934 | 37,156,196 |
CCL Industries, Inc. Manufacturing services and specialty packaging products for the non-durable consumer products market | 1,525,004 | 74,785,810 |
CES Energy Solutions Corp. Oil and natural gas industry | 7,381,235 | 13,640,249 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Osisko Gold Royalties Ltd. Precious metal royalty and stream company | 2,231,969 | 23,264,768 |
Seven Generations Energy Ltd.(a) Oil and gas resources | 2,823,500 | 13,842,060 |
ShawCor Ltd. Energy services company | 472,515 | 6,610,267 |
Winpak Ltd. Packaging materials and machines for the protection of perishables | 446,289 | 14,722,374 |
Total | 184,021,724 | |
China 1.4% | ||
New Oriental Education & Technology Group, Inc., ADR(a) Educational services | 275,014 | 26,560,852 |
Shenzhou International Group Holdings Ltd. Manufactures and processes textiles | 971,000 | 13,394,666 |
Total | 39,955,518 | |
Cyprus 0.1% | ||
TCS Group Holding PLC, GDR Online retail financial services | 91,057 | 1,784,717 |
Denmark 2.3% | ||
SimCorp AS Global provider of highly specialised software for the investment management industry | 648,852 | 62,810,234 |
France 0.7% | ||
Akka Technologies High-technology engineering consulting services | 249,511 | 17,969,062 |
Germany 6.0% | ||
Hypoport AG(a) Technology service provider | 18,067 | 4,932,392 |
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 151,212 | 36,065,660 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 689,880 | 41,560,372 |
Rational AG Food preparation appliances/processors and kitchen accessories | 60,502 | 41,697,686 |
Stroeer SE & Co. KGaA Digital multi-channel media company | 374,850 | 28,161,018 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 47 |
Table of Contents
Columbia Acorn International®, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Varta AG(a) Manufactures and markets a wide range of industrial, commercial and miniaturized batteries | 200,760 | 12,464,319 |
Total | 164,881,447 | |
Hong Kong 1.2% | ||
Value Partners Group Ltd. Independent, value oriented asset management group | 20,810,000 | 13,899,320 |
Vitasoy International Holdings Ltd. Food and beverages | 3,880,000 | 18,658,820 |
Total | 32,558,140 | |
India 2.2% | ||
Cholamandalam Investment and Finance Co., Ltd. Financial services provider | 3,352,635 | 13,872,077 |
GRUH Finance Ltd.(a) Provides a range of home loans as well as insurance products | 2,560,000 | 10,237,242 |
Havells India Ltd. Manufactures electrical products | 1,266,099 | 14,417,236 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 4,499,278 | 22,100,185 |
Total | 60,626,740 | |
Ireland 1.2% | ||
UDG Healthcare PLC Commercialisation solutions for health care companies | 3,342,915 | 33,912,150 |
Italy 3.4% | ||
Amplifon SpA Hearing aids | 772,000 | 18,088,669 |
Davide Campari-Milano SpA Global producer & distributor of branded spirits, wines and soft drinks | 1,409,760 | 13,810,938 |
Freni Brembo SpA Braking systems and components | 3,472,807 | 39,966,416 |
Industria Macchine Automatiche SpA Packaging machinery for the food, pharmaceuticals, and cosmetics industries | 260,173 | 21,576,202 |
Total | 93,442,225 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Japan 19.9% | ||
Aeon Credit Service Co., Ltd. Credit card company | 1,075,300 | 17,355,189 |
Aeon Mall Co., Ltd. Large-scale shopping malls | 1,939,700 | 29,227,362 |
Aica Kogyo Co., Ltd. Manufactures adhesives, melamine boards, and housing materials | 398,100 | 13,343,866 |
Aruhi Corp.(b) Finance services | 662,000 | 13,015,792 |
Azbil Corp. Provides measurement and control technologies | 1,163,440 | 28,489,228 |
CyberAgent, Inc. Operates websites, internet advertising agency and creates PC and mobile contents | 530,600 | 19,336,173 |
Daiseki Co., Ltd. Waste Disposal & Recycling | 451,700 | 11,325,291 |
Disco Corp. Abrasive and precision industrial machinery for cutting and grinding purposes | 134,800 | 22,244,139 |
Fuji Oil Holdings, Inc. Specialty vegetable oils and fats | 619,100 | 18,675,705 |
Glory Ltd. Vending machines, coin-operated lockers, money handling machines, and data processing terminals | 756,500 | 20,020,613 |
Hikari Tsushin, Inc. Distribution network, telecommunication, office automation equipment, in-house products and individual insurance plans | 217,928 | 47,609,972 |
Hoshizaki Corp. Commercial Kitchen Equipment | 190,000 | 14,168,547 |
Invesco Office J-REIT, Inc. Commercial and office buildings | 83,000 | 13,886,980 |
KH Neochem Co., Ltd. Manufactures and sells petroleum chemical products | 481,000 | 11,828,017 |
Mandom Corp. Cosmetic products for men and women | 799,200 | 19,379,347 |
Milbon Co., Ltd. Hair Products for Salons | 173,800 | 8,434,531 |
Miura Co., Ltd. Industrial boilers and related equipment | 539,300 | 16,715,879 |
Nihon Unisys Ltd. Computers and peripheral equipment | 545,000 | 18,333,743 |
NSD Co., Ltd. Computer software development | 288,700 | 8,358,509 |
48 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn International®, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Obic Co., Ltd. Computer system integration, office automation, consultation, and system support services | 112,100 | 12,739,630 |
Persol Holdings Co., Ltd. Human resource solutions | 1,122,800 | 26,471,245 |
Santen Pharmaceutical Co., Ltd. Ophthalmic medicine | 1,600,400 | 26,606,878 |
SCSK Corp. IT services | 326,000 | 16,069,820 |
Seiren Co., Ltd. Advertising services | 611,700 | 8,534,771 |
Sekisui Chemical Co., Ltd. Unit residential houses in addition to parcels of land | 2,212,300 | 33,311,116 |
Seria Co., Ltd. Operates 100 yen chain stores | 378,600 | 8,757,222 |
Sohgo Security Services Co., Ltd. Around the clock security services | 390,800 | 18,063,639 |
Solasto Corp. Medical related contract services | 2,406,000 | 21,003,747 |
Ushio, Inc. Lamps and optical equipment | 1,087,100 | 14,046,730 |
Valqua Ltd. Rubber, fiber and resin products | 462,800 | 9,743,500 |
Yokogawa Electric Corp. Information technology solutions | 60,900 | 1,198,672 |
Total | 548,295,853 | |
Malta 1.7% | ||
Kindred Group PLC Online gambling services | 5,549,333 | 47,110,538 |
Mexico 0.8% | ||
Grupo Aeroportuario del Sureste SAB de CV, ADR Operates airports in Mexico | 141,379 | 22,918,950 |
Netherlands 1.6% | ||
Aalberts NV Industrial services and flow control systems | 559,127 | 21,946,989 |
IMCD NV Specialty chemicals and food ingredients | 255,000 | 23,391,430 |
Total | 45,338,419 | |
New Zealand 0.9% | ||
Fisher & Paykel Healthcare Corp., Ltd. Heated humidification products and systems | 2,400,000 | 24,966,035 |
Norway 0.5% | ||
Atea ASA(a) Nordic and Baltic supplier of IT infrastructure | 927,039 | 12,606,196 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Philippines 0.5% | ||
Universal Robina Corp. Branded consumer foods | 4,106,730 | 13,307,312 |
Poland 0.6% | ||
KRUK SA(a) Debt collection services | 341,762 | 16,756,173 |
Russian Federation 1.0% | ||
TCS Group Holding PLC, GDR Online retail financial services | 1,381,760 | 27,082,496 |
Singapore 1.4% | ||
Mapletree Commercial Trust Singapore-focused real estate investment trust | 13,481,300 | 20,831,468 |
Singapore Exchange Singapore’s Securities and derivatives exchange and clearing houses | 3,049,200 | 17,863,821 |
Total | 38,695,289 | |
South Africa 1.1% | ||
Clicks Group Ltd. Owns and operates chains of retail stores | 663,564 | 9,671,498 |
PSG Group Ltd. Diversified financial services | 1,240,770 | 21,054,770 |
Total | 30,726,268 | |
South Korea 4.3% | ||
DoubleUGames Co., Ltd. Online and mobile games | 447,574 | 24,054,871 |
Koh Young Technology, Inc. 3D measurement and inspection equipment for testing various machineries | 314,135 | 22,646,578 |
Korea Investment Holdings Co., Ltd. Financial holding company | 365,098 | 25,553,544 |
Korea Zinc Co. Ltd. Non-ferrous metal smelting | 109,731 | 45,258,555 |
Total | 117,513,548 | |
Spain 0.5% | ||
Befesa SA Waste recycling services | 344,000 | 13,690,686 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 49 |
Table of Contents
Columbia Acorn International®, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sweden 3.8% | ||
AddTech AB, Class B High-tech industrial components and systems | 38,939 | 1,182,394 |
Hexagon AB, Class B Design, measurement and visualisation technologies | 1,072,561 | 59,638,315 |
Sweco AB, Class B Consulting company specializing in engineering, environmental technology, and architecture | 719,153 | 19,758,243 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 1,742,586 | 24,772,633 |
Total | 105,351,585 | |
Switzerland 3.4% | ||
Belimo Holding AG, Registered Shares Manufactures heating, ventilation and air conditioning equipment | 2,705 | 16,625,691 |
Bossard Holding AG, Class A, Registered Shares Fastening devices, industrial adhesives & tools | 87,726 | 13,656,646 |
Inficon Holding AG Vacuum instruments used to monitor and control production processes | 23,123 | 14,112,258 |
Kardex AG Storage, warehouse and materials handling systems | 89,964 | 15,718,122 |
Partners Group Holding AG Global private markets asset management firm | 41,616 | 32,727,644 |
Total | 92,840,361 | |
Taiwan 3.3% | ||
Gourmet Master Co., Ltd.(a) Coffee & bakery cafes | 1,514,656 | 8,468,235 |
Grape King Bio Ltd. Beverages, nutrition, pharmaceuticals, syrups and hair care products | 1,228,000 | 8,097,577 |
Parade Technologies Ltd. Fabless semiconductor company | 1,572,000 | 26,742,041 |
Silergy Corp. High performance analog integrated circuits | 663,000 | 12,998,543 |
Silicon Motion Technology Corp., ADR Semiconductor products | 322,703 | 14,321,559 |
Sinbon Electronics Co., Ltd. Cable, connectors & modems | 5,740,000 | 21,000,032 |
Total | 91,627,987 | |
Thailand 0.6% | ||
Muangthai Capital PCL, Foreign Registered Shares Commercial lending company | 9,048,400 | 16,683,980 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
United Kingdom 12.9% | ||
Ascential PLC Media and consultancy services | 5,036,056 | 22,782,101 |
Croda International PLC Diverse range of chemicals and chemical products | 464,133 | 30,190,138 |
Dechra Pharmaceuticals PLC International veterinary pharmaceuticals | 801,027 | 27,957,735 |
GW Pharmaceuticals PLC, ADR(a) Cannabinoid prescription medicines | 154,000 | 26,548,060 |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 1,329,631 | 34,148,398 |
Intermediate Capital Group PLC Private equity firm | 2,432,353 | 42,664,924 |
Renishaw PLC High technology precision measuring and calibration equipment | 270,199 | 14,634,904 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 6,901,043 | 34,841,191 |
Rightmove PLC Website that lists properties across Britain | 6,931,860 | 47,157,763 |
Safestore Holdings PLC Self storage facilities | 2,552,083 | 19,883,634 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 237,025 | 27,670,352 |
WH Smith PLC Retails books, magazines, newspapers, and periodicals | 1,110,564 | 27,818,135 |
Total | 356,297,335 | |
United States 1.7% | ||
Inter Parfums, Inc. Fragrances and related products | 309,851 | 20,601,993 |
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 430,153 | 27,314,715 |
Total | 47,916,708 | |
Total Common Stocks (Cost: $1,873,849,650) | 2,595,020,613 |
50 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn International®, June 30, 2019 (Unaudited)
Preferred Stocks 0.5% | |||
Issuer | Shares | Value ($) | |
Germany 0.5% | |||
Sartorius AG Precision electronic equipment and components | 65,063 | 13,343,406 | |
Total Preferred Stocks (Cost: $6,358,216) | 13,343,406 |
Securities Lending Collateral 0.3% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 2.250%(c),(d) | 9,138,242 | 9,138,242 |
Total Securities Lending Collateral (Cost: $9,138,242) | 9,138,242 | |
Money Market Funds 4.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 2.433%(c),(e) | 123,202,485 | 123,190,165 |
Total Money Market Funds (Cost: $123,190,165) | 123,190,165 | |
Total Investments in Securities (Cost: $2,012,536,273) | 2,740,692,426 | |
Obligation to Return Collateral for Securities Loaned | (9,138,242) | |
Other Assets & Liabilities, Net | 22,650,418 | |
Net Assets | $2,754,204,602 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
MSCI EAFE Index Future | 951 | 09/2019 | USD | 91,452,915 | 2,053,007 | — |
MSCI Emerging Markets Index | 427 | 09/2019 | USD | 22,490,090 | 806,901 | — |
Total | 2,859,908 | — |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at June 30, 2019. The total market value of securities on loan at June 30, 2019 was $8,688,917. |
(c) | The rate shown is the seven-day current annualized yield at June 30, 2019. |
(d) | Investment made with cash collateral received from securities lending activity. |
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended June 30, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.433% | ||||||||
— | 468,390,541 | (345,188,056) | 123,202,485 | 675 | — | 1,254,044 | 123,190,165 |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
USD | US Dollar |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 51 |
Table of Contents
Columbia Acorn International®, June 30, 2019 (Unaudited)
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Investments measured at net asset value ($) | Total ($) | |
Investments in Securities | |||||
Common Stocks | |||||
Australia | — | 139,671,138 | — | — | 139,671,138 |
Belgium | — | 7,449,533 | — | — | 7,449,533 |
Brazil | 56,090,575 | — | — | — | 56,090,575 |
Cambodia | — | 30,121,691 | — | — | 30,121,691 |
Canada | 184,021,724 | — | — | — | 184,021,724 |
China | 26,560,852 | 13,394,666 | — | — | 39,955,518 |
Cyprus | — | 1,784,717 | — | — | 1,784,717 |
Denmark | — | 62,810,234 | — | — | 62,810,234 |
France | — | 17,969,062 | — | — | 17,969,062 |
Germany | — | 164,881,447 | — | — | 164,881,447 |
Hong Kong | — | 32,558,140 | — | — | 32,558,140 |
India | — | 60,626,740 | — | — | 60,626,740 |
Ireland | — | 33,912,150 | — | — | 33,912,150 |
Italy | — | 93,442,225 | — | — | 93,442,225 |
Japan | — | 548,295,853 | — | — | 548,295,853 |
Malta | — | 47,110,538 | — | — | 47,110,538 |
Mexico | 22,918,950 | — | — | — | 22,918,950 |
52 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
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Columbia Acorn International®, June 30, 2019 (Unaudited)
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 ($) | |
Netherlands | — | 45,338,419 | — | — | 45,338,419 |
New Zealand | — | 24,966,035 | — | — | 24,966,035 |
Norway | — | 12,606,196 | — | — | 12,606,196 |
Philippines | — | 13,307,312 | — | — | 13,307,312 |
Poland | — | 16,756,173 | — | — | 16,756,173 |
Russian Federation | — | 27,082,496 | — | — | 27,082,496 |
Singapore | — | 38,695,289 | — | — | 38,695,289 |
South Africa | — | 30,726,268 | — | — | 30,726,268 |
South Korea | — | 117,513,548 | — | — | 117,513,548 |
Spain | — | 13,690,686 | — | — | 13,690,686 |
Sweden | — | 105,351,585 | — | — | 105,351,585 |
Switzerland | — | 92,840,361 | — | — | 92,840,361 |
Taiwan | 14,321,559 | 77,306,428 | — | — | 91,627,987 |
Thailand | — | 16,683,980 | — | — | 16,683,980 |
United Kingdom | 26,548,060 | 329,749,275 | — | — | 356,297,335 |
United States | 47,916,708 | — | — | — | 47,916,708 |
Total Common Stocks | 378,378,428 | 2,216,642,185 | — | — | 2,595,020,613 |
Preferred Stocks | |||||
Germany | — | 13,343,406 | — | — | 13,343,406 |
Total Preferred Stocks | — | 13,343,406 | — | — | 13,343,406 |
Securities Lending Collateral | 9,138,242 | — | — | — | 9,138,242 |
Money Market Funds | — | — | — | 123,190,165 | 123,190,165 |
Total Investments in Securities | 387,516,670 | 2,229,985,591 | — | 123,190,165 | 2,740,692,426 |
Investments in Derivatives | |||||
Asset | |||||
Futures Contracts | 2,859,908 | — | — | — | 2,859,908 |
Total | 390,376,578 | 2,229,985,591 | — | 123,190,165 | 2,743,552,334 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 53 |
Table of Contents
Columbia Acorn USA®, June 30, 2019 (Unaudited)
Common Stocks 94.8% | ||
Issuer | Shares | Value ($) |
Communication Services 0.5% | ||
Interactive Media & Services 0.5% | ||
Care.com, Inc.(a) Child, adult, senior, pet and home care services | 132,000 | 1,449,360 |
Total Communication Services | 1,449,360 | |
Consumer Discretionary 18.0% | ||
Auto Components 3.1% | ||
Dorman Products, Inc.(a) Automotive products and home hardware | 65,584 | 5,714,990 |
LCI Industries Recreational vehicles and equipment | 24,339 | 2,190,510 |
Visteon Corp.(a) Automotive systems, modules and components | 26,000 | 1,523,080 |
Total | 9,428,580 | |
Diversified Consumer Services 1.0% | ||
Adtalem Global Education, Inc.(a) Higher education institutions | 69,282 | 3,121,154 |
Hotels, Restaurants & Leisure 6.8% | ||
Choice Hotels International, Inc. Vacation rental properties, travel tips and other services | 21,156 | 1,840,784 |
Churchill Downs, Inc. Horse racing company, home of the Kentucky Derby | 29,118 | 3,350,608 |
Dave & Buster’s Entertainment, Inc. Venues that combine dining and entertainment for adults and families | 75,429 | 3,052,612 |
Extended Stay America, Inc. Hotels and motels | 288,060 | 4,865,333 |
Red Rock Resorts, Inc., Class A Casino & entertainment properties | 127,855 | 2,746,325 |
Wendy’s Co. (The) Fast-food restaurants | 120,313 | 2,355,729 |
Wingstop, Inc. Cooked-to-order chicken wings | 29,969 | 2,839,563 |
Total | 21,050,954 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Durables 3.9% | ||
Cavco Industries, Inc.(a) Designs and manufactures systems-built structures | 10,141 | 1,597,613 |
Helen of Troy Ltd.(a) Brand-name hair and comfort products | 22,001 | 2,873,111 |
iRobot Corp.(a) Manufactures robots for cleaning | 33,382 | 3,059,126 |
Skyline Champion Corp.(a) Factory-built housing | 102,882 | 2,816,909 |
TopBuild Corp.(a) Insulation installation services | 19,564 | 1,619,117 |
Total | 11,965,876 | |
Leisure Products 2.4% | ||
Brunswick Corp. Consumer products serving the outdoor and indoor active recreation markets | 48,252 | 2,214,284 |
Johnson Outdoors, Inc., Class A Outdoor recreational products | 26,838 | 2,001,310 |
MasterCraft Boat Holdings, Inc.(a) Recreational powerboats | 156,484 | 3,065,521 |
Total | 7,281,115 | |
Specialty Retail 0.8% | ||
Boot Barn Holdings, Inc.(a) Western and work gear | 69,394 | 2,473,202 |
Total Consumer Discretionary | 55,320,881 | |
Consumer Staples 5.2% | ||
Beverages 0.6% | ||
Cott Corp. Route based service provider | 138,000 | 1,842,300 |
Food & Staples Retailing 0.7% | ||
BJ’s Wholesale Club Holdings, Inc.(a) Warehouse club | 84,848 | 2,239,987 |
Food Products 0.6% | ||
Calavo Growers, Inc. Avocados and other perishable foods | 20,401 | 1,973,593 |
54 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn USA®, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Products 2.3% | ||
Central Garden & Pet Co.(a) Lawn, garden & pet supply products | 97,280 | 2,621,696 |
WD-40 Co. Multi-purpose lubricant products and heavy-duty hand cleaners | 27,288 | 4,339,883 |
Total | 6,961,579 | |
Personal Products 1.0% | ||
Inter Parfums, Inc. Fragrances and related products | 46,300 | 3,078,487 |
Total Consumer Staples | 16,095,946 | |
Energy 1.3% | ||
Energy Equipment & Services 0.6% | ||
Helmerich & Payne, Inc. Contract drilling of oil and gas wells | 37,500 | 1,898,250 |
Oil, Gas & Consumable Fuels 0.7% | ||
Callon Petroleum Co.(a) Independent energy company | 300,014 | 1,977,092 |
Total Energy | 3,875,342 | |
Financials 11.4% | ||
Banks 3.9% | ||
Bank of NT Butterfield & Son Ltd. (The) Community bank and specialized international financial services | 67,166 | 2,280,957 |
First Busey Corp. Multi-bank holding company | 97,740 | 2,581,313 |
Great Southern Bancorp, Inc. Real estate, commercial real estate, commercial business, consumer, and construction loans | 52,232 | 3,126,085 |
Lakeland Financial Corp. Bank holding company | 46,560 | 2,180,405 |
Trico Bancshares Holding company for Tri Counties Bank | 44,872 | 1,696,162 |
Total | 11,864,922 | |
Capital Markets 2.7% | ||
Ares Management Corp., Class A Asset management firm | 102,638 | 2,686,037 |
Hamilton Lane, Inc., Class A Private market investment solutions | 43,298 | 2,470,584 |
Houlihan Lokey, Inc. Investment bank | 69,906 | 3,112,914 |
Total | 8,269,535 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Finance 1.1% | ||
FirstCash, Inc. Owns and operates pawn stores | 33,704 | 3,371,074 |
Insurance 0.8% | ||
Palomar Holdings, Inc.(a) Insurance services | 106,713 | 2,565,381 |
Thrifts & Mortgage Finance 2.9% | ||
Merchants Bancorp Bank holding company | 193,206 | 3,290,298 |
OceanFirst Financial Corp. New Jersey banks | 62,375 | 1,550,019 |
Walker & Dunlop, Inc. Commercial real estate financial services | 78,458 | 4,174,750 |
Total | 9,015,067 | |
Total Financials | 35,085,979 | |
Health Care 24.0% | ||
Biotechnology 7.9% | ||
Agios Pharmaceuticals, Inc.(a) Therapeutics in the field of cancer metabolism | 52,783 | 2,632,816 |
Amicus Therapeutics, Inc.(a) Orally-administered, small molecule drugs to treat human genetic diseases | 219,743 | 2,742,393 |
Enanta Pharmaceuticals, Inc.(a) Pharmaceutical products | 34,582 | 2,918,029 |
Fate Therapeutics, Inc.(a) Biotechnology services | 42,971 | 872,311 |
Genomic Health, Inc.(a) Development and commercialization of genomic-based clinical diagnostic tests for cancer | 41,109 | 2,391,311 |
Immunomedics, Inc.(a) Diagnostic imaging and therapeutic products | 141,793 | 1,966,669 |
Intercept Pharmaceuticals, Inc.(a) biopharmaceutical products | 23,000 | 1,830,110 |
Kiniksa Pharmaceuticals Ltd., Class A(a) Clinical-stage biopharmaceutical company | 190,842 | 2,584,001 |
MacroGenics, Inc.(a) Treatments for autoimmune disorders, cancer and infectious diseases | 169,984 | 2,884,628 |
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 53,841 | 3,418,903 |
Total | 24,241,171 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 55 |
Table of Contents
Columbia Acorn USA®, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Equipment & Supplies 7.2% | ||
Atrion Corp. Medical products and components | 4,367 | 3,723,916 |
AxoGen, Inc.(a) Technologies for peripheral nerve reconstruction and regeneration | 131,689 | 2,607,442 |
iRhythm Technologies, Inc.(a) Medical instruments | 37,443 | 2,960,992 |
Orthofix Medical, Inc.(a) Spine fixation, biological, and other orthopedic and spine solutions | 65,563 | 3,466,972 |
Penumbra, Inc.(a) Peripheral vascular & neurovascular devices | 20,156 | 3,224,960 |
SI-BONE, Inc.(a) Medical devices | 133,500 | 2,715,390 |
Tactile Systems Technology, Inc.(a) Technology for treating lymphedema, chronic swelling & venous ulcers | 59,160 | 3,367,387 |
Total | 22,067,059 | |
Health Care Providers & Services 5.8% | ||
Chemed Corp. Hospice and palliative care services | 16,158 | 5,830,453 |
Hanger, Inc.(a) Orthotics and prosthetics | 84,742 | 1,622,809 |
HealthEquity, Inc.(a) Technology-enabled services platforms for consumers to make healthcare saving and spending decisions | 65,530 | 4,285,662 |
National Research Corp., Class A Survey-based healthcare performance, analysis and tracking | 78,138 | 4,499,967 |
Tivity Health, Inc.(a) Health fitness solutions | 105,961 | 1,741,999 |
Total | 17,980,890 | |
Life Sciences Tools & Services 0.8% | ||
NanoString Technologies, Inc.(a) Translational research and molecular diagnostics | 78,796 | 2,391,459 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Pharmaceuticals 2.3% | ||
GW Pharmaceuticals PLC, ADR(a) Cannabinoid prescription medicines | 8,596 | 1,481,865 |
Optinose, Inc.(a),(b) Health care services | 273,552 | 1,936,748 |
Reata Pharmaceuticals, Inc., Class A(a) Biopharmaceutical company | 17,340 | 1,636,029 |
Theravance Biopharma, Inc.(a) Small molecule medicines | 118,849 | 1,940,804 |
Total | 6,995,446 | |
Total Health Care | 73,676,025 | |
Industrials 12.0% | ||
Aerospace & Defense 1.4% | ||
BWX Technologies, Inc. Nuclear components and fuel | 80,578 | 4,198,114 |
Commercial Services & Supplies 2.7% | ||
Brink’s Co. (The) Provides security services globally | 24,772 | 2,010,991 |
Knoll, Inc. Branded office furniture products and textiles | 107,949 | 2,480,668 |
Unifirst Corp. Workplace uniforms and protective clothing | 20,070 | 3,784,600 |
Total | 8,276,259 | |
Construction & Engineering 1.1% | ||
Comfort Systems U.S.A., Inc. Heating, ventilation and air conditioning systems | 66,247 | 3,377,935 |
Electrical Equipment 0.8% | ||
Atkore International Group, Inc.(a) Metal products and electrical raceway solutions | 94,158 | 2,435,867 |
Machinery 1.5% | ||
ITT, Inc. Engineered components & customized technology solutions | 70,490 | 4,615,685 |
Professional Services 1.8% | ||
Exponent, Inc. Science and engineering consulting firm | 51,029 | 2,987,237 |
ICF International, Inc. Management, technology, policy consulting, and implementation services | 34,946 | 2,544,069 |
Total | 5,531,306 | |
Road & Rail 1.0% | ||
Saia, Inc.(a) Trucking transportation | 47,309 | 3,059,473 |
56 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn USA®, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Trading Companies & Distributors 1.7% | ||
Air Lease Corp. Aircraft leasing company | 76,816 | 3,175,574 |
SiteOne Landscape Supply, Inc.(a) Landscape supplies | 31,654 | 2,193,622 |
Total | 5,369,196 | |
Total Industrials | 36,863,835 | |
Information Technology 16.8% | ||
Electronic Equipment, Instruments & Components 2.4% | ||
Badger Meter, Inc. Flow measurement and control solutions | 48,000 | 2,865,120 |
ePlus, Inc.(a) Provides IT hardware, software and services | 30,804 | 2,123,628 |
Rogers Corp.(a) Specialty materials and components for applications | 13,444 | 2,320,165 |
Total | 7,308,913 | |
IT Services 1.9% | ||
Endava PLC, ADR(a) IT services | 75,401 | 3,034,136 |
Science Applications International Corp. Scientific, Engineering and technology consulting services | 33,489 | 2,898,808 |
Total | 5,932,944 | |
Semiconductors & Semiconductor Equipment 4.3% | ||
Advanced Energy Industries, Inc.(a) Engineered precision power conversion, measurement and control solutions | 59,970 | 3,374,512 |
Inphi Corp.(a) Analog semiconductor solutions | 44,736 | 2,241,274 |
MKS Instruments, Inc. Instruments and components used to control and analyze gases in semiconductor manufacturing | 24,910 | 1,940,240 |
Rudolph Technologies, Inc.(a) Systems and software used by semiconductor device manufacturers worldwide | 77,947 | 2,153,676 |
Semtech Corp.(a) Analog and mixed-signal semiconductors | 72,311 | 3,474,543 |
Total | 13,184,245 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Software 8.2% | ||
Alteryx, Inc., Class A(a) Data storage, retrieval, management, reporting, and analytics solutions | 28,797 | 3,142,329 |
Blackline, Inc.(a) Develops and markets enterprise software | 42,275 | 2,262,135 |
CyberArk Software Ltd.(a) IT security solutions | 27,486 | 3,513,810 |
j2 Global, Inc. Cloud-based communications and storage messaging services | 24,405 | 2,169,361 |
Manhattan Associates, Inc.(a) Information technology solutions for distribution centers | 87,597 | 6,073,100 |
Mimecast Ltd.(a) Cloud security and risk management services for corporate information and email | 58,885 | 2,750,518 |
Q2 Holdings, Inc.(a) Secure, cloud-based virtual banking solutions | 29,425 | 2,246,893 |
Qualys, Inc.(a) Information technology security risk and compliance management solutions | 34,848 | 3,034,564 |
Total | 25,192,710 | |
Total Information Technology | 51,618,812 | |
Materials 2.7% | ||
Chemicals 2.7% | ||
Ingevity Corp.(a) Specialty chemicals | 14,600 | 1,535,482 |
Orion Engineered Carbons SA Global supplier of Carbon Black | 85,233 | 1,824,839 |
PolyOne Corp. International polymer services company | 59,924 | 1,881,014 |
Quaker Chemical Corp. Custom-formulated chemical specialty products | 14,652 | 2,972,598 |
Total | 8,213,933 | |
Total Materials | 8,213,933 | |
Real Estate 2.9% | ||
Equity Real Estate Investment Trusts (REITS) 1.5% | ||
Coresite Realty Corp. Develops, owns & operates data centers | 15,670 | 1,804,714 |
UMH Properties, Inc. Real estate investment trust | 226,272 | 2,808,035 |
Total | 4,612,749 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 57 |
Table of Contents
Columbia Acorn USA®, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate Management & Development 1.4% | ||
Colliers International Group, Inc. Commercial real estate, residential property management and property services | 27,095 | 1,940,544 |
FirstService Corp. Real estate services | 23,738 | 2,276,949 |
Total | 4,217,493 | |
Total Real Estate | 8,830,242 | |
Total Common Stocks (Cost: $245,220,993) | 291,030,355 | |
Limited Partnerships 2.0% | ||
Consumer Discretionary 2.0% | ||
Hotels, Restaurants & Leisure 2.0% | ||
Cedar Fair LP Owns and operates amusement parks | 131,361 | 6,264,606 |
Total Consumer Discretionary | 6,264,606 | |
Total Limited Partnerships (Cost: $7,138,315) | 6,264,606 | |
Securities Lending Collateral 0.2% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 2.250%(c),(d) | 638,793 | 638,793 |
Total Securities Lending Collateral (Cost: $638,793) | 638,793 | |
Money Market Funds 4.5% | ||
Columbia Short-Term Cash Fund, 2.433%(c),(e) | 13,755,284 | 13,753,908 |
Total Money Market Funds (Cost: $13,753,908) | 13,753,908 | |
Total Investments in Securities (Cost $266,752,009) | 311,687,662 | |
Obligation to Return Collateral for Securities Loaned | (638,793) | |
Other Assets & Liabilities, Net | (4,029,036) | |
Net Assets | $307,019,833 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
Russell 2000 E-mini | 80 | 09/2019 | USD | 6,268,400 | 154,203 | — |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at June 30, 2019. The total market value of securities on loan at June 30, 2019 was $670,023. |
(c) | The rate shown is the seven-day current annualized yield at June 30, 2019. |
(d) | Investment made with cash collateral received from securities lending activity. |
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended June 30, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.433% | ||||||||
6,552,142 | 95,813,116 | (88,609,974) | 13,755,284 | (291) | — | 115,304 | 13,753,908 |
58 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn USA®, June 30, 2019 (Unaudited)
ADR | American Depositary Receipt |
USD | US Dollar |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Investments measured at net asset value ($) | Total ($) | |
Investments in Securities | |||||
Common Stocks | |||||
Communication Services | 1,449,360 | — | — | — | 1,449,360 |
Consumer Discretionary | 55,320,881 | — | — | — | 55,320,881 |
Consumer Staples | 16,095,946 | — | — | — | 16,095,946 |
Energy | 3,875,342 | — | — | — | 3,875,342 |
Financials | 35,085,979 | — | — | — | 35,085,979 |
Health Care | 73,676,025 | — | — | — | 73,676,025 |
Industrials | 36,863,835 | — | — | — | 36,863,835 |
Information Technology | 51,618,812 | — | — | — | 51,618,812 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 59 |
Table of Contents
Columbia Acorn USA®, June 30, 2019 (Unaudited)
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 ($) | |
Materials | 8,213,933 | — | — | — | 8,213,933 |
Real Estate | 8,830,242 | — | — | — | 8,830,242 |
Total Common Stocks | 291,030,355 | — | — | — | 291,030,355 |
Limited Partnerships | |||||
Consumer Discretionary | 6,264,606 | — | — | — | 6,264,606 |
Securities Lending Collateral | 638,793 | — | — | — | 638,793 |
Money Market Funds | — | — | — | 13,753,908 | 13,753,908 |
Total Investments in Securities | 297,933,754 | — | — | 13,753,908 | 311,687,662 |
Investments in Derivatives | |||||
Asset | |||||
Futures Contracts | 154,203 | — | — | — | 154,203 |
Total | 298,087,957 | — | — | 13,753,908 | 311,841,865 |
60 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn International SelectSM, June 30, 2019 (Unaudited)
Common Stocks 94.0% | ||
Issuer | Shares | Value ($) |
Australia 1.9% | ||
Star Entertainment Group Ltd. (The) Casinos and hotels | 898,192 | 2,600,751 |
Brazil 2.1% | ||
Sul America SA Full service insurance company | 298,400 | 2,918,763 |
Canada 5.9% | ||
CAE, Inc. Training solutions based on simulation technology and integrated training services | 107,398 | 2,887,620 |
CCL Industries, Inc. Manufacturing services and specialty packaging products for the non-durable consumer products market | 106,092 | 5,202,725 |
Total | 8,090,345 | |
China 6.1% | ||
NetEase, Inc., ADR Internet technology company that develops applications, services and Internet technologies | 11,348 | 2,902,478 |
New Oriental Education & Technology Group, Inc., ADR(a) Educational services | 56,735 | 5,479,466 |
Total | 8,381,944 | |
France 2.5% | ||
Legrand SA Products and systems for electrical installations and information networks | 46,503 | 3,399,780 |
Germany 6.8% | ||
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 16,713 | 3,986,227 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 90,186 | 5,433,066 |
Total | 9,419,293 | |
India 4.0% | ||
Cholamandalam Investment and Finance Co., Ltd. Financial services provider | 691,520 | 2,861,278 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 530,012 | 2,603,387 |
Total | 5,464,665 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Italy 3.8% | ||
Davide Campari-Milano SpA Global producer & distributor of branded spirits, wines and soft drinks | 256,436 | 2,512,216 |
Freni Brembo SpA Braking systems and components | 237,539 | 2,733,691 |
Total | 5,245,907 | |
Japan 18.9% | ||
Aeon Credit Service Co., Ltd. Credit card company | 169,200 | 2,730,864 |
Aeon Mall Co., Ltd. Large-scale shopping malls | 208,400 | 3,140,167 |
CyberAgent, Inc. Operates websites, internet advertising agency and creates PC and mobile contents | 67,400 | 2,456,197 |
Hikari Tsushin, Inc. Distribution network, telecommunication, office automation equipment, in-house products and individual insurance plans | 17,800 | 3,888,704 |
Obic Co., Ltd. Computer system integration, office automation, consultation, and system support services | 26,700 | 3,034,328 |
Recruit Holdings Co., Ltd. Information providing services in human resource, housing, bridal, travel, restaurants, beauty, automobiles, and education and more | 132,200 | 4,426,306 |
Santen Pharmaceutical Co., Ltd. Ophthalmic medicine | 175,000 | 2,909,400 |
Sekisui Chemical Co., Ltd. Unit residential houses in addition to parcels of land | 230,600 | 3,472,198 |
Total | 26,058,164 | |
Mexico 1.9% | ||
Grupo Aeroportuario del Sureste SAB de CV, ADR Operates airports in Mexico | 15,960 | 2,587,276 |
Netherlands 4.9% | ||
Koninklijke Philips NV(b) Health technology focused on improving people’s health | 156,247 | 6,792,987 |
Singapore 2.2% | ||
Mapletree Commercial Trust Singapore-focused real estate investment trust | 1,918,800 | 2,964,953 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 61 |
Table of Contents
Columbia Acorn International SelectSM, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
South Africa 1.8% | ||
Naspers Ltd., Class N Electronic and print media industries | 10,514 | 2,544,916 |
South Korea 5.2% | ||
Korea Investment Holdings Co., Ltd. Financial holding company | 46,300 | 3,240,579 |
Korea Zinc Co. Ltd. Non-ferrous metal smelting | 9,590 | 3,955,396 |
Total | 7,195,975 | |
Sweden 6.8% | ||
Hexagon AB, Class B Design, measurement and visualisation technologies | 118,482 | 6,588,033 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 190,535 | 2,708,649 |
Total | 9,296,682 | |
Switzerland 4.9% | ||
Belimo Holding AG, Registered Shares Manufactures heating, ventilation and air conditioning equipment | 513 | 3,153,042 |
Partners Group Holding AG Global private markets asset management firm | 4,548 | 3,576,637 |
Total | 6,729,679 | |
Taiwan 1.9% | ||
Largan Precision Co., Ltd. Optical lens modules and optoelectronic components | 21,000 | 2,622,765 |
United Kingdom 12.4% | ||
Croda International PLC Diverse range of chemicals and chemical products | 38,162 | 2,482,297 |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 170,810 | 4,386,847 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 741,061 | 3,741,384 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Rightmove PLC Website that lists properties across Britain | 411,766 | 2,801,263 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 31,024 | 3,621,749 |
Total | 17,033,540 | |
Total Common Stocks (Cost: $99,875,326) | 129,348,385 |
Preferred Stocks 2.2% | |||
Issuer | Shares | Value ($) | |
Germany 2.2% | |||
Sartorius AG Precision electronic equipment and components | 14,563 | 2,986,644 | |
Total Preferred Stocks (Cost: $1,434,455) | 2,986,644 |
Securities Lending Collateral 0.1% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 2.250%(c),(d) | 127,574 | 127,574 |
Total Securities Lending Collateral (Cost: $127,574) | 127,574 | |
Money Market Funds 3.6% | ||
Columbia Short-Term Cash Fund, 2.433%(c),(e) | 4,926,790 | 4,926,297 |
Total Money Market Funds (Cost: $4,926,297) | 4,926,297 | |
Total Investments in Securities (Cost: $106,363,652) | 137,388,900 | |
Obligation to Return Collateral for Securities Loaned | (127,574) | |
Other Assets & Liabilities, Net | 246,753 | |
Net Assets | $137,508,079 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at June 30, 2019. The total market value of securities on loan at June 30, 2019 was $122,193. |
(c) | The rate shown is the seven-day current annualized yield at June 30, 2019. |
(d) | Investment made with cash collateral received from securities lending activity. |
62 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn International SelectSM, June 30, 2019 (Unaudited)
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended June 30, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.433% | ||||||||
3,482,775 | 26,360,619 | (24,916,604) | 4,926,790 | (28) | — | 42,468 | 4,926,297 |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 63 |
Table of Contents
Columbia Acorn International SelectSM, June 30, 2019 (Unaudited)
The following table is a summary of the inputs used to value the Fund’s investments at June 30, 2019:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Investments measured at net asset value ($) | Total ($) | |
Investments in Securities | |||||
Common Stocks | |||||
Australia | — | 2,600,751 | — | — | 2,600,751 |
Brazil | 2,918,763 | — | — | — | 2,918,763 |
Canada | 8,090,345 | — | — | — | 8,090,345 |
China | 8,381,944 | — | — | — | 8,381,944 |
France | — | 3,399,780 | — | — | 3,399,780 |
Germany | — | 9,419,293 | — | — | 9,419,293 |
India | — | 5,464,665 | — | — | 5,464,665 |
Italy | — | 5,245,907 | — | — | 5,245,907 |
Japan | — | 26,058,164 | — | — | 26,058,164 |
Mexico | 2,587,276 | — | — | — | 2,587,276 |
Netherlands | — | 6,792,987 | — | — | 6,792,987 |
Singapore | — | 2,964,953 | — | — | 2,964,953 |
South Africa | — | 2,544,916 | — | — | 2,544,916 |
South Korea | — | 7,195,975 | — | — | 7,195,975 |
Sweden | — | 9,296,682 | — | — | 9,296,682 |
Switzerland | — | 6,729,679 | — | — | 6,729,679 |
Taiwan | — | 2,622,765 | — | — | 2,622,765 |
United Kingdom | — | 17,033,540 | — | — | 17,033,540 |
Total Common Stocks | 21,978,328 | 107,370,057 | — | — | 129,348,385 |
Preferred Stocks | |||||
Germany | — | 2,986,644 | — | — | 2,986,644 |
Total Preferred Stocks | — | 2,986,644 | — | — | 2,986,644 |
Securities Lending Collateral | 127,574 | — | — | — | 127,574 |
Money Market Funds | — | — | — | 4,926,297 | 4,926,297 |
Total Investments in Securities | 22,105,902 | 110,356,701 | — | 4,926,297 | 137,388,900 |
64 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn SelectSM, June 30, 2019 (Unaudited)
Common Stocks 98.6% | ||
Issuer | Shares | Value ($) |
Communication Services 4.7% | ||
Entertainment 4.7% | ||
Madison Square Garden Co. (The), Class A(a) Sports, entertainment and media | 24,148 | 6,759,991 |
Zynga, Inc., Class A(a) Social gaming company | 987,399 | 6,052,756 |
Total | 12,812,747 | |
Total Communication Services | 12,812,747 | |
Consumer Discretionary 16.0% | ||
Auto Components 6.3% | ||
Dorman Products, Inc.(a) Automotive products and home hardware | 106,179 | 9,252,438 |
LCI Industries Recreational vehicles and equipment | 87,763 | 7,898,670 |
Total | 17,151,108 | |
Diversified Consumer Services 7.3% | ||
Bright Horizons Family Solutions, Inc.(a) Child care and early education services | 77,420 | 11,680,355 |
Grand Canyon Education, Inc.(a) Online post secondary education | 69,605 | 8,145,177 |
Total | 19,825,532 | |
Hotels, Restaurants & Leisure 2.4% | ||
Extended Stay America, Inc. Hotels and motels | 387,000 | 6,536,430 |
Total Consumer Discretionary | 43,513,070 | |
Financials 9.2% | ||
Banks 3.7% | ||
SVB Financial Group(a) Holding company for Silicon Valley Bank | 45,137 | 10,137,319 |
Capital Markets 3.0% | ||
Ares Management Corp., Class A Asset management firm | 308,867 | 8,083,049 |
Thrifts & Mortgage Finance 2.5% | ||
Walker & Dunlop, Inc. Commercial real estate financial services | 126,500 | 6,731,065 |
Total Financials | 24,951,433 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care 24.4% | ||
Biotechnology 3.5% | ||
Seattle Genetics, Inc.(a) Monoclonal antibody-based drugs to treat cancer and related diseases | 87,111 | 6,028,952 |
Ultragenyx Pharmaceutical, Inc.(a) Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases | 56,570 | 3,592,195 |
Total | 9,621,147 | |
Health Care Equipment & Supplies 9.3% | ||
Masimo Corp.(a) Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 79,662 | 11,855,299 |
Penumbra, Inc.(a) Peripheral vascular & neurovascular devices | 43,191 | 6,910,560 |
Tactile Systems Technology, Inc.(a) Technology for treating lymphedema, chronic swelling & venous ulcers | 113,161 | 6,441,124 |
Total | 25,206,983 | |
Health Care Providers & Services 7.5% | ||
Chemed Corp. Hospice and palliative care services | 24,486 | 8,835,528 |
Encompass Health Corp. Inpatient rehabilitative healthcare services | 179,755 | 11,389,277 |
Total | 20,224,805 | |
Life Sciences Tools & Services 3.0% | ||
Pra Health Sciences, Inc.(a) Global contract research organization | 81,588 | 8,089,450 |
Pharmaceuticals 1.1% | ||
Optinose, Inc.(a),(b) Health care services | 420,407 | 2,976,482 |
Total Health Care | 66,118,867 | |
Industrials 16.0% | ||
Aerospace & Defense 3.3% | ||
BWX Technologies, Inc. Nuclear components and fuel | 170,306 | 8,872,942 |
Construction & Engineering 2.9% | ||
Comfort Systems U.S.A., Inc. Heating, ventilation and air conditioning systems | 154,438 | 7,874,794 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 65 |
Table of Contents
Columbia Acorn SelectSM, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Machinery 7.1% | ||
ITT, Inc. Engineered components & customized technology solutions | 133,376 | 8,733,460 |
Toro Co. (The) Turf equipment | 155,675 | 10,414,658 |
Total | 19,148,118 | |
Trading Companies & Distributors 2.7% | ||
Air Lease Corp. Aircraft leasing company | 178,599 | 7,383,283 |
Total Industrials | 43,279,137 | |
Information Technology 25.8% | ||
Electronic Equipment, Instruments & Components 3.1% | ||
Cognex Corp. Machine vision systems | 174,536 | 8,374,237 |
IT Services 14.4% | ||
Black Knight, Inc.(a) Integrated technology, work flow automation, data and analytic solutions | 193,812 | 11,657,792 |
Booz Allen Hamilton Holdings Corp. Technology consulting services to the U.S. government in the defense, intelligence, and civil markets | 100,588 | 6,659,931 |
Gartner, Inc.(a) Research and analysis on computer hardware, software, communications, and information technology | 66,739 | 10,740,975 |
GoDaddy, Inc., Class A(a) Cloud-based web platform for small businesses, web design professionals and individuals | 139,898 | 9,813,845 |
Total | 38,872,543 | |
Semiconductors & Semiconductor Equipment 3.1% | ||
MKS Instruments, Inc. Instruments and components used to control and analyze gases in semiconductor manufacturing | 108,990 | 8,489,231 |
Software 5.2% | ||
Cadence Design Systems, Inc.(a) Software technology, design and consulting services and technology | 121,900 | 8,631,739 |
New Relic, Inc.(a) Cloud based application performance management solutions | 63,502 | 5,493,558 |
Total | 14,125,297 | |
Total Information Technology | 69,861,308 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 2.5% | ||
Equity Real Estate Investment Trusts (REITS) 2.5% | ||
UMH Properties, Inc. Real estate investment trust | 553,148 | 6,864,567 |
Total Real Estate | 6,864,567 | |
Total Common Stocks (Cost: $239,591,700) | 267,401,129 | |
Securities Lending Collateral 0.0% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 2.250%(c),(d) | 52,650 | 52,650 |
Total Securities Lending Collateral (Cost: $52,650) | 52,650 | |
Money Market Funds 1.4% | ||
Columbia Short-Term Cash Fund, 2.433%(c),(e) | 3,818,553 | 3,818,172 |
Total Money Market Funds (Cost: $3,818,172) | 3,818,172 | |
Total Investments in Securities (Cost $243,462,522) | 271,271,951 | |
Obligation to Return Collateral for Securities Loaned | (52,650) | |
Other Assets & Liabilities, Net | (43,050) | |
Net Assets | $271,176,251 |
66 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn SelectSM, June 30, 2019 (Unaudited)
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at June 30, 2019. The total market value of securities on loan at June 30, 2019 was $55,224. |
(c) | The rate shown is the seven-day current annualized yield at June 30, 2019. |
(d) | Investment made with cash collateral received from securities lending activity. |
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended June 30, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.433% | ||||||||
5,598,686 | 111,333,962 | (113,114,095) | 3,818,553 | (286) | — | 72,407 | 3,818,172 |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 67 |
Table of Contents
Columbia Acorn SelectSM, June 30, 2019 (Unaudited)
The following table is a summary of the inputs used to value the Fund’s investments at June 30, 2019:
Level 1 quoted prices in active markets for identical assets ($) | 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 | 12,812,747 | — | — | — | 12,812,747 |
Consumer Discretionary | 43,513,070 | — | — | — | 43,513,070 |
Financials | 24,951,433 | — | — | — | 24,951,433 |
Health Care | 66,118,867 | — | — | — | 66,118,867 |
Industrials | 43,279,137 | — | — | — | 43,279,137 |
Information Technology | 69,861,308 | — | — | — | 69,861,308 |
Real Estate | 6,864,567 | — | — | — | 6,864,567 |
Total Common Stocks | 267,401,129 | — | — | — | 267,401,129 |
Securities Lending Collateral | 52,650 | — | — | — | 52,650 |
Money Market Funds | — | — | — | 3,818,172 | 3,818,172 |
Total Investments in Securities | 267,453,779 | — | — | 3,818,172 | 271,271,951 |
68 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Thermostat FundSM, June 30, 2019 (Unaudited)
Equity Funds 45.6% | ||
Issuer | Shares | Value ($) |
Dividend Income 4.5% | ||
Columbia Dividend Income Fund, Institutional 3 Class(a) | 1,339,448 | 30,941,257 |
Total Dividend Income | 30,941,257 | |
International Small Mid Cap 4.6% | ||
Columbia Acorn International®, Institutional 3 Class(a) | 941,492 | 31,314,020 |
Total International Small Mid Cap | 31,314,020 | |
U.S. Large Cap 27.3% | ||
Columbia Contrarian Core Fund, Institutional 3 Class(a) | 1,189,281 | 31,099,690 |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class(a) | 1,309,912 | 31,123,517 |
Columbia Large Cap Index Fund, Institutional 3 Class(a) | 2,586,037 | 124,414,221 |
Total U.S. Large Cap | 186,637,428 | |
U.S. Mid Cap 4.6% | ||
Columbia Acorn SelectSM, Institutional 3 Class(a),(b) | 2,143,188 | 31,419,138 |
Total U.S. Mid Cap | 31,419,138 | |
U.S. Small Mid Cap 4.6% | ||
Columbia Acorn® Fund, Institutional 3 Class(a),(b) | 1,943,331 | 31,404,232 |
Total U.S. Small Mid Cap | 31,404,232 | |
Total Equity Funds (Cost: $295,549,521) | 311,716,075 | |
Exchange-Traded Funds 5.4% | ||
Columbia Diversified Fixed Income Allocation ETF(a) | 1,816,393 | 37,099,827 |
Total Exchange-Traded Funds (Cost: $34,987,779) | 37,099,827 | |
Fixed-Income Funds 48.4% | ||
Issuer | Shares | Value ($) |
Inflation Protected Securities 5.4% | ||
Columbia Inflation Protected Securities Fund, Institutional 3 Class(a) | 3,826,099 | 36,730,554 |
Total Inflation Protected Securities | 36,730,554 | |
Investment Grade 43.0% | ||
Columbia Corporate Income Fund, Institutional 3 Class(a) | 3,572,917 | 37,372,716 |
Columbia Quality Income Fund, Institutional 3 Class(a) | 13,252,200 | 73,152,142 |
Columbia Short Term Bond Fund, Institutional 3 Class(a) | 5,464,596 | 54,864,548 |
Columbia U.S. Treasury Index Fund, Institutional 3 Class(a) | 11,267,125 | 128,332,548 |
Total Investment Grades | 293,721,954 | |
Total Fixed-Income Funds (Cost: $318,221,916) | 330,452,508 | |
Money Market Funds 0.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 2.433%(a),(c) | 4,570,208 | 4,569,751 |
Total Money Market Funds (Cost: $4,569,751) | 4,569,751 | |
Total Investments in Securities (Cost $653,328,967) | 683,838,161 | |
Other Assets & Liabilities, Net | (359,588) | |
Net Assets | $683,478,573 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 69 |
Table of Contents
Columbia Thermostat FundSM, June 30, 2019 (Unaudited)
(a) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended June 30, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | 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 | |||||||||
310,169 | 1,214,260 | (582,937) | 941,492 | 1,108,604 | 914,962 | 96,646 | 1,731,093 | 31,314,020 | |
Columbia Acorn SelectSM, Institutional 3 Class | |||||||||
675,954 | 2,809,815 | (1,342,581) | 2,143,188 | 1,107,448 | 1,927,885 | — | 569,644 | 31,419,138 | |
Columbia Acorn® Fund, Institutional 3 Class | |||||||||
626,508 | 2,571,037 | (1,254,214) | 1,943,331 | 1,034,826 | 1,762,531 | — | 1,249,915 | 31,404,232 | |
Columbia Contrarian Core Fund, Institutional 3 Class | |||||||||
405,496 | 1,598,374 | (814,589) | 1,189,281 | 1,179,016 | 2,527,951 | — | — | 31,099,690 | |
Columbia Corporate Income Fund, Institutional 3 Class | |||||||||
5,784,658 | 2,002,452 | (4,214,193) | 3,572,917 | (18,485) | 3,874,061 | 902,768 | — | 37,372,716 | |
Columbia Diversified Fixed Income Allocation ETF | |||||||||
2,936,569 | 1,001,927 | (2,122,103) | 1,816,393 | (119,727) | 3,514,699 | 776,289 | — | 37,099,827 | |
Columbia Dividend Income Fund, Institutional 3 Class | |||||||||
453,812 | 1,767,177 | (881,541) | 1,339,448 | 1,166,042 | 1,871,313 | 212,995 | — | 30,941,257 | |
Columbia Inflation Protected Securities Fund, Institutional 3 Class | |||||||||
— | 4,674,587 | (848,488) | 3,826,099 | 85,667 | 880,003 | — | — | 36,730,554 | |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class | |||||||||
425,513 | 1,727,781 | (843,382) | 1,309,912 | 1,166,951 | 1,479,632 | — | 507,514 | 31,123,517 | |
Columbia Large Cap Index Fund, Institutional 3 Class | |||||||||
834,492 | 3,411,954 | (1,660,409) | 2,586,037 | 1,883,736 | 5,883,037 | 397,359 | 6,306,086 | 124,414,221 | |
Columbia Quality Income Fund, Institutional 3 Class | |||||||||
20,836,213 | 8,022,917 | (15,606,930) | 13,252,200 | 69,283 | 3,102,154 | 1,653,606 | — | 73,152,142 | |
Columbia Short Term Bond Fund, Institutional 3 Class | |||||||||
14,104,862 | 5,395,478 | (14,035,744) | 5,464,596 | 332,106 | 1,870,469 | 1,771,437 | — | 54,864,548 | |
Columbia Short-Term Cash Fund, 2.433% | |||||||||
— | 67,580,417 | (63,010,209) | 4,570,208 | 389 | — | 55,720 | — | 4,569,751 | |
Columbia U.S. Treasury Index Fund, Institutional 3 Class | |||||||||
17,758,369 | 6,839,300 | (13,330,544) | 11,267,125 | 1,852,714 | 4,561,561 | 1,895,376 | — | 128,332,548 | |
Total of Affiliated Transactions | 10,848,570 | 34,170,258 | 7,762,196 | 10,364,252 | 683,838,161 |
(b) | Non-income producing security. |
(c) | The rate shown is the seven-day current annualized yield at June 30, 2019. |
■ | 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 | Semiannual Report 2019 |
Table of Contents
Columbia Thermostat FundSM, June 30, 2019 (Unaudited)
Examples of the types of securities in which the Fund would typically invest and how they are classified within this hierarchy are as follows. Typical Level 1 securities include mutual funds whose net asset values are published each day.
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 ($) | |
Investments in Securities | |||||
Equity Funds | 311,716,075 | — | — | — | 311,716,075 |
Exchange-Traded Funds | 37,099,827 | — | — | — | 37,099,827 |
Fixed-Income Funds | 330,452,508 | — | — | — | 330,452,508 |
Money Market Funds | — | — | — | 4,569,751 | 4,569,751 |
Total Investments in Securities | 679,268,410 | — | — | 4,569,751 | 683,838,161 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 71 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, June 30, 2019 (Unaudited)
Common Stocks 97.0% | ||
Issuer | Shares | Value ($) |
Brazil 8.2% | ||
Iguatemi Empresa de Shopping Centers SA Shopping centers throughout Brazil | 16,000 | 190,253 |
Localiza Rent a Car SA Rents automobiles | 219,100 | 2,321,691 |
Sul America SA Full service insurance company | 239,200 | 2,339,705 |
Total | 4,851,649 | |
Cambodia 2.6% | ||
NagaCorp Ltd. Leisure and tourism company | 1,251,000 | 1,538,679 |
China 6.3% | ||
51job, Inc., ADR(a) Integrated human resource services | 7,057 | 532,803 |
58.Com, Inc., ADR(a) Local life service platform | 6,700 | 416,539 |
China Medical System Holdings Ltd. Pharmaceutical and medical products | 394,000 | 361,820 |
New Oriental Education & Technology Group, Inc., ADR(a) Educational services | 16,331 | 1,577,248 |
TravelSky Technology Ltd., Class H IT solutions for China’s air travel and tourism industries | 181,000 | 364,024 |
Xiabuxiabu Catering Management China Holdings Co., Ltd.(b) Chain of restaurants in China | 348,500 | 505,968 |
Total | 3,758,402 | |
Egypt 1.5% | ||
Commercial International Bank of Egypt Provides a range of financial services | 203,591 | 899,849 |
Hong Kong 6.4% | ||
ASM Pacific Technology Ltd. Machines, tools & materials used in the semiconductor industry | 34,700 | 355,759 |
Stella International Holdings Ltd. Footwear products | 369,500 | 624,371 |
Value Partners Group Ltd. Independent, value oriented asset management group | 1,426,000 | 952,447 |
Vitasoy International Holdings Ltd. Food and beverages | 392,000 | 1,885,118 |
Total | 3,817,695 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
India 11.8% | ||
Care Ratings Ltd. Credit rating services | 41,539 | 567,771 |
Cholamandalam Investment and Finance Co., Ltd. Financial services provider | 356,755 | 1,476,132 |
GRUH Finance Ltd.(a) Provides a range of home loans as well as insurance products | 215,699 | 862,564 |
Havells India Ltd. Manufactures electrical products | 58,028 | 660,772 |
Info Edge India Ltd. Online job posting website | 11,400 | 371,530 |
PI Industries Ltd. Agricultural and fine chemicals and polymers | 66,362 | 1,128,000 |
Shriram Transport Finance Co., Ltd. Finance for trucks | 18,000 | 281,740 |
Tube Investments of India Ltd. Fabricated metal products | 53,000 | 294,845 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 271,889 | 1,335,502 |
Total | 6,978,856 | |
Indonesia 3.1% | ||
PT Link Net Tbk High-speed internet connection through fiber optic lines | 3,135,800 | 943,348 |
PT Tower Bersama Infrastructure Tbk Telecommunication infrastructure services to Indonesian wireless carriers | 3,344,300 | 897,699 |
Total | 1,841,047 | |
Malaysia 1.0% | ||
AEON Credit Service M Bhd Consumer financing products | 150,000 | 609,800 |
Mexico 3.4% | ||
Corporación Inmobiliaria Vesta SAB de CV Real estate owner, developer and asset administrator | 448,000 | 659,615 |
Grupo Aeroportuario del Sureste SAB de CV, ADR Operates airports in Mexico | 3,420 | 554,416 |
Qualitas Controladora SAB de CV Insurance holding company | 280,700 | 787,678 |
Total | 2,001,709 |
72 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Philippines 2.4% | ||
D&L Industries, Inc. Customized raw materials | 3,587,900 | 732,496 |
Security Bank Corp. Financial products & services | 213,730 | 709,166 |
Total | 1,441,662 | |
Poland 2.0% | ||
KRUK SA(a) Debt collection services | 23,703 | 1,162,129 |
Russian Federation 2.2% | ||
TCS Group Holding PLC, GDR Online retail financial services | 65,474 | 1,283,290 |
South Africa 6.8% | ||
Clicks Group Ltd. Owns and operates chains of retail stores | 61,544 | 897,009 |
Famous Brands Ltd.(a) Food and beverage company | 243,938 | 1,489,953 |
PSG Group Ltd. Diversified financial services | 96,879 | 1,643,951 |
Total | 4,030,913 | |
South Korea 14.2% | ||
DoubleUGames Co., Ltd. Online and mobile games | 35,000 | 1,881,075 |
KEPCO Plant Service & Engineering Co., Ltd. Power Plant & Grid Maintenance | 33,000 | 893,803 |
Koh Young Technology, Inc. 3D measurement and inspection equipment for testing various machineries | 25,500 | 1,838,342 |
Korea Investment Holdings Co., Ltd. Financial holding company | 26,249 | 1,837,192 |
Korea Zinc Co. Ltd. Non-ferrous metal smelting | 4,792 | 1,976,461 |
Total | 8,426,873 | |
Taiwan 18.9% | ||
Basso Industry Corp. Pneumatic nailers and staplers | 721,000 | 1,354,970 |
Chailease Holding Co., Ltd. Financing services | 114,000 | 472,416 |
Gourmet Master Co., Ltd.(a) Coffee & bakery cafes | 143,088 | 799,985 |
Grape King Bio Ltd. Beverages, nutrition, pharmaceuticals, syrups and hair care products | 168,000 | 1,107,812 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Largan Precision Co., Ltd. Optical lens modules and optoelectronic components | 9,000 | 1,124,042 |
Parade Technologies Ltd. Fabless semiconductor company | 92,000 | 1,565,056 |
Silergy Corp. High performance analog integrated circuits | 38,000 | 745,014 |
Silicon Motion Technology Corp., ADR Semiconductor products | 9,710 | 430,930 |
Sinbon Electronics Co., Ltd. Cable, connectors & modems | 547,000 | 2,001,223 |
Voltronic Power Technology Corp. Uninterruptible power supply products, inverters, multiple surface mounted devices and other power products | 72,000 | 1,569,375 |
Total | 11,170,823 | |
Thailand 4.3% | ||
Bangkok Chain Hospital PCL, Foreign Registered Shares Chain of hospitals in Thailand | 1,574,000 | 852,191 |
Beauty Community PCL Cosmetic and beauty products | 2,294,900 | 305,763 |
Mega Lifesciences PCL, Foreign Registered Shares Nutritional and herbal supplement, OTC and ethical drugs | 630,000 | 719,865 |
Muangthai Capital PCL, Foreign Registered Shares Commercial lending company | 374,700 | 690,894 |
Total | 2,568,713 | |
Turkey 1.0% | ||
Logo Yazilim Sanayi Ve Ticaret AS(a) Enterprise resource planning software | 82,949 | 596,812 |
United Kingdom 0.9% | ||
ASA International Group PLC Micro financing company | 113,000 | 503,700 |
Total Common Stocks (Cost: $50,576,028) | 57,482,601 | |
Securities Lending Collateral 0.5% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Institutional Shares, 2.250%(c),(d) | 270,088 | 270,088 |
Total Securities Lending Collateral (Cost: $270,088) | 270,088 | |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 73 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, June 30, 2019 (Unaudited)
Money Market Funds 3.0% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 2.433%(c),(e) | 1,753,573 | 1,753,397 |
Total Money Market Funds (Cost: $1,753,397) | 1,753,397 | |
Total Investments in Securities (Cost: $52,599,513) | 59,506,086 | |
Obligation to Return Collateral for Securities Loaned | (270,088) | |
Other Assets & Liabilities, Net | (9,282) | |
Net Assets | $59,226,716 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at June 30, 2019. The total market value of securities on loan at June 30, 2019 was $253,354. |
(c) | The rate shown is the seven-day current annualized yield at June 30, 2019. |
(d) | Investment made with cash collateral received from securities lending activity. |
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended June 30, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.433% | ||||||||
1,107,016 | 9,919,676 | (9,273,119) | 1,753,573 | 19 | — | 20,511 | 1,753,397 |
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) |
74 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn Emerging Markets FundSM, June 30, 2019 (Unaudited)
The Committee meets as necessary, and no less frequently than quarterly, to determine fair values for securities for which market quotations are not readily available or for which Columbia Wanger Asset Management believes that available market quotations are unreliable. The Committee also reviews the continuing appropriateness of the Policies. In circumstances where a security has been fair valued, the Committee will also review the continuing appropriateness of the current value of the security. The Policies address, among other things: circumstances under which market quotations will be deemed readily available; selection of third party pricing vendors; appropriate pricing methodologies; events that require fair valuation and fair value techniques; circumstances under which securities will be deemed to pose a potential for stale pricing, including when securities are illiquid, restricted, or in default; and certain delegations of authority to determine fair values to the Fund’s investment manager. The Committee may also meet to discuss additional valuation matters, which may include review of back-testing results, review of time-sensitive information or approval of other valuation related actions, and to review the appropriateness of the Policies.
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Investments measured at net asset value ($) | Total ($) | |
Investments in Securities | |||||
Common Stocks | |||||
Brazil | 4,851,649 | — | — | — | 4,851,649 |
Cambodia | — | 1,538,679 | — | — | 1,538,679 |
China | 2,526,590 | 1,231,812 | — | — | 3,758,402 |
Egypt | — | 899,849 | — | — | 899,849 |
Hong Kong | — | 3,817,695 | — | — | 3,817,695 |
India | — | 6,978,856 | — | — | 6,978,856 |
Indonesia | — | 1,841,047 | — | — | 1,841,047 |
Malaysia | — | 609,800 | — | — | 609,800 |
Mexico | 2,001,709 | — | — | — | 2,001,709 |
Philippines | — | 1,441,662 | — | — | 1,441,662 |
Poland | — | 1,162,129 | — | — | 1,162,129 |
Russian Federation | — | 1,283,290 | — | — | 1,283,290 |
South Africa | — | 4,030,913 | — | — | 4,030,913 |
South Korea | — | 8,426,873 | — | — | 8,426,873 |
Taiwan | 430,930 | 10,739,893 | — | — | 11,170,823 |
Thailand | — | 2,568,713 | — | — | 2,568,713 |
Turkey | — | 596,812 | — | — | 596,812 |
United Kingdom | — | 503,700 | — | — | 503,700 |
Total Common Stocks | 9,810,878 | 47,671,723 | — | — | 57,482,601 |
Securities Lending Collateral | 270,088 | — | — | — | 270,088 |
Money Market Funds | — | — | — | 1,753,397 | 1,753,397 |
Total Investments in Securities | 10,080,966 | 47,671,723 | — | 1,753,397 | 59,506,086 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 75 |
Table of Contents
Columbia Acorn European FundSM, June 30, 2019 (Unaudited)
Common Stocks 97.2% | ||
Issuer | Shares | Value ($) |
Belgium 1.3% | ||
Melexis NV Advanced integrated semiconductors, sensor ICs, and programmable sensor IC systems | 15,254 | 1,031,425 |
Denmark 4.7% | ||
ALK-Abello AS(a) Pharmaceuticals for allergy vaccinations | 4,486 | 1,047,433 |
SimCorp AS Global provider of highly specialised software for the investment management industry | 28,103 | 2,720,429 |
Total | 3,767,862 | |
France 3.3% | ||
Akka Technologies High-technology engineering consulting services | 27,528 | 1,982,487 |
Robertet SA Liquid flavorings, perfumes and associated natural aromatic ingredients | 980 | 712,075 |
Total | 2,694,562 | |
Germany 17.3% | ||
Deutsche Beteiligungs AG Private equity company, investing in domestic medium-sized companies | 20,513 | 791,895 |
Hypoport AG(a) Technology service provider | 1,725 | 470,935 |
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 8,416 | 2,007,305 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 55,356 | 3,334,806 |
Rational AG Food preparation appliances/processors and kitchen accessories | 3,454 | 2,380,480 |
Stroeer SE & Co. KGaA Digital multi-channel media company | 25,835 | 1,940,883 |
Varta AG(a) Manufactures and markets a wide range of industrial, commercial and miniaturized batteries | 33,824 | 2,099,986 |
Washtec AG Car, truck and railroad car washing systems | 13,288 | 903,565 |
Total | 13,929,855 | |
Ireland 1.8% | ||
UDG Healthcare PLC Commercialisation solutions for health care companies | 139,875 | 1,418,960 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Italy 7.1% | ||
Amplifon SpA Hearing aids | 37,609 | 881,213 |
Carel Industries SpA Control solutions for HVAC and humidification systems | 97,613 | 1,187,655 |
Davide Campari-Milano SpA Global producer & distributor of branded spirits, wines and soft drinks | 80,273 | 786,407 |
Freni Brembo SpA Braking systems and components | 119,438 | 1,374,539 |
Industria Macchine Automatiche SpA Packaging machinery for the food, pharmaceuticals, and cosmetics industries | 17,786 | 1,474,997 |
Total | 5,704,811 | |
Malta 2.3% | ||
Kindred Group PLC Online gambling services | 213,466 | 1,812,199 |
Netherlands 3.8% | ||
Aalberts NV Industrial services and flow control systems | 21,501 | 843,963 |
IMCD NV Specialty chemicals and food ingredients | 24,600 | 2,256,585 |
Total | 3,100,548 | |
Norway 0.9% | ||
Atea ASA(a) Nordic and Baltic supplier of IT infrastructure | 55,656 | 756,830 |
Poland 1.5% | ||
KRUK SA(a) Debt collection services | 24,470 | 1,199,734 |
Russian Federation 1.1% | ||
TCS Group Holding PLC, GDR Online retail financial services | 43,279 | 848,268 |
Spain 2.9% | ||
Befesa SA Waste recycling services | 18,177 | 723,417 |
eDreams ODIGEO SA(a) Online travel company | 366,832 | 1,608,016 |
Total | 2,331,433 |
76 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn European FundSM, June 30, 2019 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sweden 13.8% | ||
AddTech AB, Class B High-tech industrial components and systems | 58,811 | 1,785,813 |
Hexagon AB, Class B Design, measurement and visualisation technologies | 30,248 | 1,681,899 |
Sectra AB, Class B(a) Medical and communication systems | 98,922 | 3,584,613 |
Sweco AB, Class B Consulting company specializing in engineering, environmental technology, and architecture | 95,299 | 2,618,276 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 100,889 | 1,434,240 |
Total | 11,104,841 | |
Switzerland 9.2% | ||
Belimo Holding AG, Registered Shares Manufactures heating, ventilation and air conditioning equipment | 467 | 2,870,314 |
Bossard Holding AG, Class A, Registered Shares Fastening devices, industrial adhesives & tools | 4,545 | 707,538 |
Inficon Holding AG Vacuum instruments used to monitor and control production processes | 1,450 | 884,953 |
Kardex AG Storage, warehouse and materials handling systems | 9,971 | 1,742,090 |
Partners Group Holding AG Global private markets asset management firm | 1,583 | 1,244,902 |
Total | 7,449,797 | |
Turkey 0.8% | ||
Logo Yazilim Sanayi Ve Ticaret AS(a) Enterprise resource planning software | 91,257 | 656,587 |
Ukraine 0.4% | ||
Kernel Holding SA Diversified agri-business | 28,000 | 362,219 |
United Kingdom 25.0% | ||
Ascential PLC Media and consultancy services | 234,540 | 1,061,012 |
Croda International PLC Diverse range of chemicals and chemical products | 15,080 | 980,898 |
Dechra Pharmaceuticals PLC International veterinary pharmaceuticals | 56,426 | 1,969,401 |
GW Pharmaceuticals PLC, ADR(a) Cannabinoid prescription medicines | 5,698 | 982,278 |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 98,334 | 2,525,474 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Intermediate Capital Group PLC Private equity firm | 107,246 | 1,881,159 |
Renishaw PLC High technology precision measuring and calibration equipment | 15,470 | 837,908 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 498,636 | 2,517,456 |
Rightmove PLC Website that lists properties across Britain | 238,196 | 1,620,458 |
Safestore Holdings PLC Self storage facilities | 198,440 | 1,546,074 |
Spectris PLC Products for electronic control and process instrumentation sectors | 23,000 | 840,122 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 20,671 | 2,413,137 |
WH Smith PLC Retails books, magazines, newspapers, and periodicals | 38,298 | 959,314 |
Total | 20,134,691 | |
Total Common Stocks (Cost: $57,163,917) | 78,304,622 |
Preferred Stocks 1.1% | |||
Issuer | Shares | Value ($) | |
Germany 1.1% | |||
Sartorius AG Precision electronic equipment and components | 4,340 | 890,066 | |
Total Preferred Stocks (Cost: $419,934) | 890,066 |
Money Market Funds 1.3% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 2.433%(b),(c) | 1,014,619 | 1,014,517 |
Total Money Market Funds (Cost: $1,014,517) | 1,014,517 | |
Total Investments in Securities (Cost: $58,598,368) | 80,209,205 | |
Other Assets & Liabilities, Net | 336,229 | |
Net Assets | $80,545,434 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 77 |
Table of Contents
Columbia Acorn European FundSM, June 30, 2019 (Unaudited)
(a) | Non-income producing security. |
(b) | The rate shown is the seven-day current annualized yield at June 30, 2019. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended June 30, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.433% | ||||||||
133,396 | 16,246,576 | (15,365,353) | 1,014,619 | (54) | — | 16,759 | 1,014,517 |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
78 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn European FundSM, June 30, 2019 (Unaudited)
The following table is a summary of the inputs used to value the Fund’s investments at June 30, 2019:
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Investments measured at net asset value ($) | Total ($) | |
Investments in Securities | |||||
Common Stocks | |||||
Belgium | — | 1,031,425 | — | — | 1,031,425 |
Denmark | — | 3,767,862 | — | — | 3,767,862 |
France | — | 2,694,562 | — | — | 2,694,562 |
Germany | — | 13,929,855 | — | — | 13,929,855 |
Ireland | — | 1,418,960 | — | — | 1,418,960 |
Italy | — | 5,704,811 | — | — | 5,704,811 |
Malta | — | 1,812,199 | — | — | 1,812,199 |
Netherlands | — | 3,100,548 | — | — | 3,100,548 |
Norway | — | 756,830 | — | — | 756,830 |
Poland | — | 1,199,734 | — | — | 1,199,734 |
Russian Federation | — | 848,268 | — | — | 848,268 |
Spain | — | 2,331,433 | — | — | 2,331,433 |
Sweden | — | 11,104,841 | — | — | 11,104,841 |
Switzerland | — | 7,449,797 | — | — | 7,449,797 |
Turkey | — | 656,587 | — | — | 656,587 |
Ukraine | — | 362,219 | — | — | 362,219 |
United Kingdom | 982,278 | 19,152,413 | — | — | 20,134,691 |
Total Common Stocks | 982,278 | 77,322,344 | — | — | 78,304,622 |
Preferred Stocks | |||||
Germany | — | 890,066 | — | — | 890,066 |
Total Preferred Stocks | — | 890,066 | — | — | 890,066 |
Money Market Funds | — | — | — | 1,014,517 | 1,014,517 |
Total Investments in Securities | 982,278 | 78,212,410 | — | 1,014,517 | 80,209,205 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 79 |
Table of Contents
June 30, 2019 (Unaudited)
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Assets | ||||
Investments in securities, at value* | ||||
Unaffiliated issuers (cost $3,339,750,986, $1,889,346,108, $252,998,101, $101,437,355, respectively) | $4,269,026,906 | $2,617,502,261 | $297,933,754 | $132,462,603 |
Affiliated issuers (cost $77,476,251, $123,190,165, $13,753,908, $4,926,297, respectively) | 79,269,973 | 123,190,165 | 13,753,908 | 4,926,297 |
Margin deposits on: | ||||
Futures contracts | — | 5,054,000 | 284,000 | — |
Receivable for: | ||||
Investments sold | 26,020,323 | 21,270,756 | 1,274,511 | — |
Capital shares sold | 696,265 | 666,302 | 208,415 | 374,244 |
Dividends | 1,451,733 | 3,593,586 | 169,795 | 21,847 |
Securities lending income | 368,464 | 47,768 | 579 | 97 |
Foreign tax reclaims | 6,432 | 3,813,491 | 492 | 109,926 |
Variation margin for futures contracts | — | 432,332 | 69,200 | — |
Expense reimbursement due from Investment Manager | — | 2,686 | 280 | 397 |
Prepaid expenses | 37,716 | 27,250 | 2,845 | 905 |
Trustees’ deferred compensation plan | 3,191,773 | 1,693,467 | 307,531 | — |
Other assets | 3,456 | 11,082 | — | — |
Total assets | 4,380,073,041 | 2,777,305,146 | 314,005,310 | 137,896,316 |
Liabilities | ||||
Due to custodian | — | — | 2,557 | 2 |
Foreign currency (cost $—, $ 222,316, $ —, $—, respectively) | — | 222,992 | — | — |
Due upon return of securities on loan | 666,000 | 9,138,242 | 638,793 | 127,574 |
Payable for: | ||||
Investments purchased | 10,119,656 | 8,756,779 | 5,934,564 | — |
Capital shares purchased | 2,661,415 | 2,451,734 | 14,138 | 130,564 |
Variation margin for futures contracts | — | 54,000 | — | — |
Investment advisory fee | 79,531 | 58,742 | 7,669 | 3,318 |
Distribution and/or service fees | 8,078 | 2,748 | 497 | 300 |
Transfer agent fees | 378,795 | 226,228 | 34,361 | 11,749 |
Administration fees | 5,844 | 3,687 | 410 | 184 |
Trustees’ fees | 2,557 | 315 | 100 | 67,781 |
Compensation of chief compliance officer | — | 475 | — | — |
Audit fees | 28,185 | 9,854 | 23,823 | 24,494 |
Other expenses | 144,898 | 481,281 | 21,034 | 22,271 |
Trustees’ deferred compensation plan | 3,191,773 | 1,693,467 | 307,531 | — |
Total liabilities | 17,286,732 | 23,100,544 | 6,985,477 | 388,237 |
Net assets applicable to outstanding capital stock | $4,362,786,309 | $2,754,204,602 | $307,019,833 | $137,508,079 |
Represented by | ||||
Paid in capital | 3,001,611,084 | 1,892,807,438 | 243,408,234 | 100,882,141 |
Total distributable earnings (loss) | 1,361,175,225 | 861,397,164 | 63,611,599 | 36,625,938 |
Total - representing net assets applicable to outstanding capital stock | $4,362,786,309 | $2,754,204,602 | $307,019,833 | $137,508,079 |
* Includes the value of securities on loan | 659,808 | 8,688,917 | 670,023 | 122,193 |
80 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
June 30, 2019 (Unaudited)
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Class A | ||||
Net assets | $859,314,946 | $312,654,484 | $57,098,733 | $34,103,107 |
Shares outstanding | 70,409,310 | 9,537,711 | 4,879,886 | 1,193,574 |
Net asset value per share(a) | $12.20 | $32.78 | $11.70 | $28.57 |
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) | $12.94 | $34.78 | $12.41 | $30.31 |
Advisor Class | ||||
Net assets | $46,170,444 | $13,360,713 | $17,793,010 | $2,749,204 |
Shares outstanding | 2,916,359 | 401,918 | 1,119,079 | 94,056 |
Net asset value per share(c) | $15.83 | $33.24 | $15.90 | $29.23 |
Class C | ||||
Net assets | $82,027,700 | $21,202,988 | $4,066,281 | $2,488,482 |
Shares outstanding | 16,503,889 | 693,290 | 846,533 | 95,352 |
Net asset value per share(a) | $4.97 | $30.58 | $4.80 | $26.10 |
Institutional Class | ||||
Net assets | $3,240,797,387 | $1,952,121,489 | $157,700,976 | $84,677,694 |
Shares outstanding | 215,315,638 | 59,406,650 | 10,613,444 | 2,920,586 |
Net asset value per share(c) | $15.05 | $32.86 | $14.86 | $28.99 |
Institutional 2 Class | ||||
Net assets | $48,608,928 | $190,577,638 | $4,163,650 | $2,158,121 |
Shares outstanding | 3,039,816 | 5,802,839 | 259,807 | 73,851 |
Net asset value per share(c) | $15.99 | $32.84 | $16.03 | $29.22 |
Institutional 3 Class | ||||
Net assets | $85,866,904 | $260,602,370 | $66,197,183 | $11,331,471 |
Shares outstanding | 5,313,711 | 7,836,095 | 4,086,367 | 387,961 |
Net asset value per share(c) | $16.16 | $33.26 | $16.20 | $29.21 |
Class R | ||||
Net assets | $— | $3,684,920 | $— | $— |
Shares outstanding | — | 112,462 | — | — |
Net asset value per share(c) | $— | $32.77 | $— | $— |
(a) | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
(b) | On sales of $50,000 or more the offering price is reduced. |
(c) | Redemption price per share is equal to net asset value. |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 81 |
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June 30, 2019 (Unaudited)
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Assets | ||||
Investments in securities, at value* | ||||
Unaffiliated issuers (cost $239,644,350, $—, $50,846,116, $57,583,851, respectively) | $267,453,779 | $— | $57,752,689 | $79,194,688 |
Affiliated issuers (cost $3,818,172, $653,328,967, $1,753,397, $1,014,517, respectively) | 3,818,172 | 683,838,161 | 1,753,397 | 1,014,517 |
Foreign currency (cost $—, $—, $8,009, $17,510, respectively) | — | — | 8,009 | 17,514 |
Receivable for: | ||||
Investments sold | — | — | 217,109 | — |
Capital shares sold | 10,598 | 819,725 | 4,989 | 104,646 |
Dividends | 133,700 | 739,559 | 58,169 | 93,351 |
Securities lending income | 114 | — | 757 | 110 |
Foreign tax reclaims | — | — | 258 | 212,836 |
Expense reimbursement due from Investment Manager | — | 1,255 | 912 | 1,022 |
Prepaid expenses | 2,372 | 5,376 | 586 | 798 |
Trustees’ deferred compensation plan | 255,337 | — | — | — |
Other assets | — | 9,298 | 26,645 | 32,112 |
Total assets | 271,674,072 | 685,413,374 | 59,823,520 | 80,671,594 |
Liabilities | ||||
Due upon return of securities on loan | 52,650 | — | 270,088 | — |
Payable for: | ||||
Investments purchased | — | 732,482 | 125,677 | — |
Capital shares purchased | 111,654 | 864,361 | 46,757 | 45,282 |
Foreign capital gains taxes deferred | — | — | 38,388 | — |
Investment advisory fee | 4,702 | 1,867 | 2,013 | 2,601 |
Distribution and/or service fees | 746 | 5,777 | 399 | 362 |
Transfer agent fees | 23,041 | 61,969 | 7,784 | 8,697 |
Administration fees | 362 | 921 | 79 | 108 |
Trustees’ fees | 73 | 227,446 | 43,160 | 14,207 |
Compensation of chief compliance officer | — | — | 9 | 15 |
Audit fees | 23,823 | 15,052 | 21,642 | 25,900 |
Custodian fees | 2,191 | 914 | 37,113 | 25,190 |
Other expenses | 23,242 | 24,012 | 3,695 | 3,798 |
Trustees’ deferred compensation plan | 255,337 | — | — | — |
Total liabilities | 497,821 | 1,934,801 | 596,804 | 126,160 |
Net assets applicable to outstanding capital stock | $271,176,251 | $683,478,573 | $59,226,716 | $80,545,434 |
Represented by | ||||
Paid in capital | 220,202,593 | 629,426,892 | 126,718,088 | 66,261,394 |
Total distributable earnings (loss) | 50,973,658 | 54,051,681 | (67,491,372) | 14,284,040 |
Total - representing net assets applicable to outstanding capital stock | $271,176,251 | $683,478,573 | $59,226,716 | $80,545,434 |
* Includes the value of securities on loan | 55,224 | — | 253,354 | — |
82 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
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June 30, 2019 (Unaudited)
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Class A | ||||
Net assets | $96,988,277 | $212,579,622 | $24,296,060 | $25,931,653 |
Shares outstanding | 8,253,139 | 14,124,563 | 2,040,434 | 1,285,978 |
Net asset value per share(a) | $11.75 | $15.05 | $11.91 | $20.16 |
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) | $12.47 | $15.97 | $12.64 | $21.39 |
Advisor Class | ||||
Net assets | $2,289,893 | $13,720,406 | $830,374 | $1,629,848 |
Shares outstanding | 159,123 | 919,266 | 68,936 | 80,134 |
Net asset value per share(c) | $14.39 | $14.93 | $12.05 | $20.34 |
Class C | ||||
Net assets | $3,287,890 | $158,154,569 | $8,611,961 | $6,765,607 |
Shares outstanding | 494,134 | 10,468,960 | 733,301 | 342,008 |
Net asset value per share(a) | $6.65 | $15.11 | $11.74 | $19.78 |
Institutional Class | ||||
Net assets | $128,379,343 | $266,020,033 | $24,165,229 | $44,677,405 |
Shares outstanding | 9,346,856 | 17,923,151 | 2,017,939 | 2,207,437 |
Net asset value per share(c) | $13.74 | $14.84 | $11.98 | $20.24 |
Institutional 2 Class | ||||
Net assets | $2,513,287 | $32,104,863 | $544,189 | $1,527,949 |
Shares outstanding | 173,461 | 2,147,775 | 45,119 | 74,652 |
Net asset value per share(c) | $14.49 | $14.95 | $12.06 | $20.47 |
Institutional 3 Class | ||||
Net assets | $37,717,561 | $899,080 | $778,903 | $12,972 |
Shares outstanding | 2,572,596 | 60,237 | 65,151 | 644 |
Net asset value per share(c) | $14.66 | $14.93 | $11.96 | $20.15(d) |
(a) | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
(b) | On sales of $50,000 or more the offering price is reduced. |
(c) | Redemption price per share is equal to net asset value. |
(d) | Net asset value per share rounds to this amount due to fractional shares outstanding. |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 83 |
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Six Months Ended June 30, 2019 (Unaudited)
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Net investment income | ||||
Income: | ||||
Dividends — unaffiliated issuers | $17,527,457 | $34,688,220 | $1,540,737 | $1,337,071 |
Dividends — affiliated issuers | 1,202,995 | 1,254,044 | 115,304 | 42,468 |
Income from securities lending — net | 711,725 | 125,928 | 8,108 | 1,051 |
Foreign taxes withheld | (80,503) | (3,306,252) | (13,835) | (129,570) |
Total income | 19,361,674 | 32,761,940 | 1,650,314 | 1,251,020 |
Expenses: | ||||
Investment advisory fee | 14,072,373 | 10,508,168 | 1,401,531 | 551,620 |
Distribution and/or service fees | ||||
Class A | 1,045,195 | 382,615 | 68,835 | 37,533 |
Class C | 431,552 | 113,553 | 24,052 | 13,292 |
Class R | — | 15,205 | — | — |
Transfer agent fees | ||||
Class A | 396,169 | 183,350 | 37,319 | 21,871 |
Advisor Class | 21,456 | 8,012 | 11,444 | 1,529 |
Class C | 40,895 | 13,603 | 3,263 | 1,942 |
Institutional Class | 1,473,722 | 1,145,446 | 107,946 | 56,639 |
Institutional 2 Class | 13,226 | 50,161 | 1,130 | 499 |
Institutional 3 Class | 2,518 | 8,437 | 2,300 | 416 |
Class R | — | 3,680 | — | — |
Administration fees | 1,034,676 | 660,342 | 75,040 | 30,604 |
Trustees’ fees | 242,270 | 156,136 | 17,865 | 21,655 |
Custodian fees | 17,181 | 260,681 | 5,560 | 9,851 |
Printing and postage fees | 136,088 | 159,195 | 21,852 | 14,069 |
Registration fees | 51,444 | 61,498 | 45,749 | 44,499 |
Audit fees | 25,047 | 51,796 | 19,913 | 24,229 |
Legal fees | 398,163 | 259,559 | 29,248 | 11,465 |
Line of credit interest | — | 11,346 | 795 | 143 |
Compensation of chief compliance officer | 8,624 | 5,401 | 628 | 248 |
Other | 103,761 | 88,381 | 15,736 | 7,685 |
Total expenses | 19,514,360 | 14,146,565 | 1,890,206 | 849,789 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (14,971) | (183,805) | (68,765) | (93,149) |
Fees waived by transfer agent | ||||
Class A | (103,514) | (14,999) | — | — |
Advisor Class | (5,606) | (653) | — | — |
Class C | (10,686) | (1,113) | — | — |
Institutional Class | (384,985) | (93,549) | — | — |
Institutional 2 Class | (2,150) | (5,729) | (163) | (112) |
Institutional 3 Class | (2,518) | (8,437) | (2,300) | (416) |
Class R | — | (336) | — | — |
Total net expenses | 18,989,930 | 13,837,944 | 1,818,978 | 756,112 |
Net investment income (loss) | 371,744 | 18,923,996 | (168,664) | 494,908 |
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Six Months Ended June 30, 2019 (Unaudited)
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Realized and unrealized gain (loss) — net | ||||
Net realized gain (loss) on: | ||||
Investments — unaffiliated issuers | $445,416,988 | $105,151,365 | $21,008,925 | $5,267,746 |
Investments — affiliated issuers | (7,872,756) | 675 | (291) | (28) |
Foreign currency translations | — | (286,161) | — | (3,712) |
Futures contracts | — | 10,394,339 | 445,545 | — |
Net realized gain | 437,544,232 | 115,260,218 | 21,454,179 | 5,264,006 |
Net change in unrealized appreciation (depreciation) on: | ||||
Investments — unaffiliated issuers | 351,210,051 | 320,646,708 | 32,466,703 | 20,063,800 |
Investments — affiliated issuers | 4,609,612 | — | — | — |
Foreign currency translations | — | 60,006 | — | (457) |
Futures contracts | — | 2,859,908 | 154,203 | — |
Net change in unrealized appreciation (depreciation) | 355,819,663 | 323,566,622 | 32,620,906 | 20,063,343 |
Net realized and unrealized gain | 793,363,895 | 438,826,840 | 54,075,085 | 25,327,349 |
Net increase in net assets resulting from operations | $793,735,639 | $457,750,836 | $53,906,421 | $25,822,257 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 85 |
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Six Months Ended June 30, 2019 (Unaudited)
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Net investment income | ||||
Income: | ||||
Dividends — unaffiliated issuers | $1,361,570 | $— | $470,215 | $1,175,319 |
Dividends — affiliated issuers | 72,407 | 7,762,196 | 20,511 | 16,759 |
Interest | — | 71 | — | — |
Income from securities lending — net | 1,456 | — | 5,534 | 549 |
Foreign taxes withheld | (10,527) | — | (46,308) | (120,528) |
Total income | 1,424,906 | 7,762,267 | 449,952 | 1,072,099 |
Expenses: | ||||
Investment advisory fee | 1,084,631 | 335,021 | 372,828 | 443,078 |
Distribution and/or service fees | ||||
Class A | 120,445 | 248,664 | 29,576 | 29,020 |
Class C | 19,525 | 822,547 | 45,156 | 39,494 |
Transfer agent fees | ||||
Class A | 71,417 | 103,878 | 16,412 | 13,335 |
Advisor Class | 1,748 | 8,739 | 581 | 847 |
Class C | 2,894 | 85,888 | 6,276 | 4,554 |
Institutional Class | 94,121 | 137,997 | 17,272 | 22,715 |
Institutional 2 Class | 723 | 7,252 | 190 | 714 |
Institutional 3 Class | 860 | 85 | 62 | 1 |
Administration fees | 63,017 | 165,444 | 14,729 | 18,386 |
Trustees’ fees | 14,899 | 80,616 | 13,120 | 6,430 |
Custodian fees | 2,091 | 925 | 27,756 | 25,607 |
Printing and postage fees | 22,558 | 39,229 | 11,445 | 11,012 |
Registration fees | 42,976 | 45,909 | 41,092 | 44,310 |
Audit fees | 19,913 | 10,412 | 35,343 | 21,880 |
Legal fees | 24,370 | 64,204 | 5,890 | 7,072 |
Line of credit interest | 668 | 3,135 | — | — |
Compensation of chief compliance officer | 533 | 1,434 | 122 | 143 |
Other | 11,694 | 19,462 | 7,157 | 7,382 |
Total expenses | 1,599,083 | 2,180,841 | 645,007 | 695,980 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (259,474) | (274,418) | (189,462) | (183,178) |
Fees waived by transfer agent | ||||
Class A | (18,421) | — | — | — |
Advisor Class | (454) | — | — | — |
Class C | (746) | — | — | — |
Institutional Class | (24,276) | — | — | — |
Institutional 2 Class | (152) | (1,059) | (55) | (160) |
Institutional 3 Class | (860) | (85) | (62) | (1) |
Total net expenses | 1,294,700 | 1,905,279 | 455,428 | 512,641 |
Net investment income (loss) | 130,206 | 5,856,988 | (5,476) | 559,458 |
86 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
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Six Months Ended June 30, 2019 (Unaudited)
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Realized and unrealized gain (loss) — net | ||||
Net realized gain (loss) on: | ||||
Investments — unaffiliated issuers | $23,350,766 | $— | $95,524 | $1,080,740 |
Investments — affiliated issuers | (286) | 10,848,570 | 19 | (54) |
Capital gain distributions from underlying affiliated funds | — | 10,364,252 | — | — |
Foreign currency translations | — | — | (19,144) | (9,541) |
Net realized gain | 23,350,480 | 21,212,822 | 76,399 | 1,071,145 |
Net change in unrealized appreciation (depreciation) on: | ||||
Investments — unaffiliated issuers | 16,175,818 | — | 6,053,045 | 17,792,801 |
Investments — affiliated issuers | — | 34,170,258 | — | — |
Foreign currency translations | — | — | (1,474) | 719 |
Foreign capital gains tax | — | — | 96,931 | — |
Net change in unrealized appreciation (depreciation) | 16,175,818 | 34,170,258 | 6,148,502 | 17,793,520 |
Net realized and unrealized gain | 39,526,298 | 55,383,080 | 6,224,901 | 18,864,665 |
Net increase in net assets resulting from operations | $39,656,504 | $61,240,068 | $6,219,425 | $19,424,123 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 87 |
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Columbia Acorn® Fund | Columbia Acorn International® | |||
Six Months Ended June 30, 2019 (Unaudited) | Year Ended December 31, 2018 | Six Months Ended June 30, 2019 (Unaudited) | Year Ended December 31, 2018 | |
Operations | ||||
Net investment income (loss) | $371,744 | $(1,473,010) | $18,923,996 | $31,490,836 |
Net realized gain | 437,544,232 | 568,802,668 | 115,260,218 | 767,817,428 |
Net change in unrealized appreciation (depreciation) | 355,819,663 | (729,629,122) | 323,566,622 | (1,335,912,085) |
Net increase (decrease) in net assets resulting from operations | 793,735,639 | (162,299,464) | 457,750,836 | (536,603,821) |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (45,045,853) | (112,814,791) | (18,641,968) | (82,964,499) |
Advisor Class | (1,894,417) | (5,081,826) | (810,125) | (5,904,555) |
Class C | (10,411,299) | (34,387,755) | (1,338,733) | (7,690,257) |
Institutional Class | (139,201,940) | (373,295,790) | (117,245,059) | (540,013,173) |
Institutional 2 Class | (1,967,756) | (5,204,282) | (11,761,709) | (57,983,593) |
Institutional 3 Class | (3,419,828) | (6,583,918) | (15,473,917) | (62,135,761) |
Class R | (212,188) | (2,658,425) | ||
Total distributions to shareholders | (201,941,093) | (537,368,362) | (165,483,699) | (759,350,263) |
Decrease in net assets from capital stock activity | (27,373,292) | (140,140,835) | (63,493,878) | (1,085,574,576) |
Total increase (decrease) in net assets | 564,421,254 | (839,808,661) | 228,773,259 | (2,381,528,660) |
Net assets at beginning of period | 3,798,365,055 | 4,638,173,716 | 2,525,431,343 | 4,906,960,003 |
Net assets at end of period | $4,362,786,309 | $3,798,365,055 | $2,754,204,602 | $2,525,431,343 |
88 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
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Columbia Acorn USA® | Columbia Acorn International SelectSM | |||
Six Months Ended June 30, 2019 (Unaudited) | Year Ended December 31, 2018 | Six Months Ended June 30, 2019 (Unaudited) | Year Ended December 31, 2018 | |
Operations | ||||
Net investment income (loss) | $(168,664) | $(998,235) | $494,908 | $463,431 |
Net realized gain | 21,454,179 | 51,544,360 | 5,264,006 | 15,549,271 |
Net change in unrealized appreciation (depreciation) | 32,620,906 | (53,702,262) | 20,063,343 | (30,631,305) |
Net increase (decrease) in net assets resulting from operations | 53,906,421 | (3,156,137) | 25,822,257 | (14,618,603) |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (2,660,977) | (8,375,728) | (350,342) | (1,884,728) |
Advisor Class | (623,053) | (2,089,581) | (31,882) | (88,392) |
Class C | (505,050) | (1,803,921) | (26,716) | (230,740) |
Institutional Class | (5,894,745) | (23,581,038) | (1,073,641) | (5,035,667) |
Institutional 2 Class | (144,479) | (718,944) | (29,086) | (87,496) |
Institutional 3 Class | (2,279,565) | (7,584,575) | (155,997) | (622,521) |
Total distributions to shareholders | (12,107,869) | (44,153,787) | (1,667,664) | (7,949,544) |
Increase (decrease) in net assets from capital stock activity | (10,772,483) | 626,090 | 4,087,305 | 1,039,524 |
Total increase (decrease) in net assets | 31,026,069 | (46,683,834) | 28,241,898 | (21,528,623) |
Net assets at beginning of period | 275,993,764 | 322,677,598 | 109,266,181 | 130,794,804 |
Net assets at end of period | $307,019,833 | $275,993,764 | $137,508,079 | $109,266,181 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 89 |
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Columbia Acorn SelectSM | Columbia Thermostat FundSM | |||
Six Months Ended June 30, 2019 (Unaudited) | Year Ended December 31, 2018 | Six Months Ended June 30, 2019 (Unaudited) | Year Ended December 31, 2018 | |
Operations | ||||
Net investment income | $130,206 | $280,871 | $5,856,988 | $11,809,496 |
Net realized gain | 23,350,480 | 38,584,900 | 21,212,822 | 19,267,639 |
Net change in unrealized appreciation (depreciation) | 16,175,818 | (71,032,642) | 34,170,258 | (32,423,879) |
Net increase (decrease) in net assets resulting from operations | 39,656,504 | (32,166,871) | 61,240,068 | (1,346,744) |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (2,187,833) | (20,308,218) | (1,569,492) | (10,673,840) |
Advisor Class | (43,116) | (881,008) | (104,748) | (708,559) |
Class C | (147,396) | (3,272,890) | (1,300,292) | (8,158,095) |
Institutional Class | (2,493,618) | (25,262,616) | (2,103,209) | (15,036,009) |
Institutional 2 Class | (45,860) | (361,405) | (246,148) | (900,690) |
Institutional 3 Class | (683,612) | (2,802,824) | (6,973) | (26,585) |
Total distributions to shareholders | (5,601,435) | (52,888,961) | (5,330,862) | (35,503,778) |
Increase (decrease) in net assets from capital stock activity | 1,726,537 | 11,572,541 | (14,283,515) | (180,527,642) |
Total increase (decrease) in net assets | 35,781,606 | (73,483,291) | 41,625,691 | (217,378,164) |
Net assets at beginning of period | 235,394,645 | 308,877,936 | 641,852,882 | 859,231,046 |
Net assets at end of period | $271,176,251 | $235,394,645 | $683,478,573 | $641,852,882 |
90 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
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Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||
Six Months Ended June 30, 2019 (Unaudited) | Year Ended December 31, 2018 | Six Months Ended June 30, 2019 (Unaudited) | Year Ended December 31, 2018 | |
Operations | ||||
Net investment income (loss) | $(5,476) | $493,410 | $559,458 | $666,558 |
Net realized gain (loss) | 76,399 | 8,372,207 | 1,071,145 | (576,569) |
Net change in unrealized appreciation (depreciation) | 6,148,502 | (24,082,433) | 17,793,520 | (18,947,041) |
Net increase (decrease) in net assets resulting from operations | 6,219,425 | (15,216,816) | 19,424,123 | (18,857,052) |
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) |
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 | — | (967,709) | — | (700,145) |
Decrease in net assets from capital stock activity | (6,078,978) | (30,986,000) | (7,384,270) | (14,494,645) |
Increase from payment by affiliate | — | 34,559 | — | — |
Total increase (decrease) in net assets | 140,447 | (47,135,966) | 12,039,853 | (34,051,842) |
Net assets at beginning of period | 59,086,269 | 106,222,235 | 68,505,581 | 102,557,423 |
Net assets at end of period | $59,226,716 | $59,086,269 | $80,545,434 | $68,505,581 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 91 |
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Columbia Acorn® Fund | Columbia Acorn International® | |||||||
Six Months Ended | Year Ended | Six Months Ended | Year Ended | |||||
June 30, 2019 (Unaudited) | December 31, 2018 | June 30, 2019 (Unaudited) | December 31, 2018 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 2,344,567 | 28,438,112 | 14,482,087 | 199,117,901 | 397,301 | 12,884,297 | 1,204,707 | 53,366,756 |
Distributions reinvested | 3,459,095 | 41,474,551 | 8,565,521 | 103,282,789 | 561,490 | 17,877,924 | 2,517,943 | 79,449,411 |
Redemptions | (7,534,228) | (91,799,469) | (15,172,354) | (202,514,211) | (1,472,909) | (48,123,102) | (3,686,910) | (156,642,002) |
Net increase (decrease) | (1,730,566) | (21,886,806) | 7,875,254 | 99,886,479 | (514,118) | (17,360,881) | 35,740 | (23,825,835) |
Advisor Class | ||||||||
Subscriptions | 438,032 | 6,736,911 | 1,389,865 | 23,281,479 | 88,064 | 2,881,221 | 370,989 | 17,261,530 |
Distributions reinvested | 109,228 | 1,698,502 | 286,808 | 4,437,619 | 25,020 | 807,899 | 162,265 | 5,894,237 |
Redemptions | (597,479) | (9,415,398) | (1,112,297) | (18,894,372) | (138,172) | (4,544,878) | (2,227,246) | (101,932,993) |
Net increase (decrease) | (50,219) | (979,985) | 564,376 | 8,824,726 | (25,088) | (855,758) | (1,693,992) | (78,777,226) |
Class C | ||||||||
Subscriptions | 683,946 | 3,544,784 | 1,447,676 | 9,225,458 | 19,906 | 607,688 | 65,481 | 2,775,489 |
Distributions reinvested | 2,015,449 | 9,835,388 | 5,636,603 | 32,972,060 | 43,760 | 1,300,539 | 241,578 | 7,481,172 |
Redemptions | (3,511,170) | (18,317,795) | (27,200,903) | (186,297,980) | (196,118) | (6,018,633) | (912,454) | (38,562,522) |
Net decrease | (811,775) | (4,937,623) | (20,116,624) | (144,100,462) | (132,452) | (4,110,406) | (605,395) | (28,305,861) |
Institutional Class | ||||||||
Subscriptions | 3,077,138 | 45,741,148 | 7,560,930 | 122,219,111 | 1,714,420 | 54,188,226 | 2,947,643 | 124,432,793 |
Distributions reinvested | 8,608,486 | 127,233,421 | 23,112,853 | 341,236,718 | 2,931,816 | 93,584,584 | 13,084,488 | 412,927,075 |
Redemptions | (13,341,591) | (198,710,974) | (35,160,985) | (557,342,383) | (7,045,089) | (229,969,934) | (21,151,836) | (898,058,188) |
Net decrease | (1,655,967) | (25,736,405) | (4,487,202) | (93,886,554) | (2,398,853) | (82,197,124) | (5,119,705) | (360,698,320) |
Institutional 2 Class | ||||||||
Subscriptions | 646,994 | 10,198,278 | 973,489 | 16,597,800 | 1,314,043 | 42,601,071 | 1,564,761 | 72,479,772 |
Distributions reinvested | 125,335 | 1,967,756 | 328,128 | 5,203,420 | 169,089 | 5,393,946 | 1,121,675 | 36,095,844 |
Redemptions | (431,089) | (6,866,692) | (2,796,573) | (48,203,357) | (1,122,595) | (36,146,340) | (6,330,859) | (270,594,603) |
Net increase (decrease) | 341,240 | 5,299,342 | (1,494,956) | (26,402,137) | 360,537 | 11,848,677 | (3,644,423) | (162,018,987) |
Institutional 3 Class | ||||||||
Subscriptions | 2,850,191 | 44,311,311 | 3,490,426 | 59,038,867 | 2,218,901 | 71,683,427 | 4,105,290 | 192,225,142 |
Distributions reinvested | 215,490 | 3,419,828 | 417,329 | 6,583,918 | 355,028 | 11,467,414 | 1,430,787 | 47,433,802 |
Redemptions | (1,688,709) | (26,862,954) | (2,880,541) | (50,085,672) | (1,406,380) | (46,586,153) | (14,314,023) | (673,079,067) |
Net increase (decrease) | 1,376,972 | 20,868,185 | 1,027,214 | 15,537,113 | 1,167,549 | 36,564,688 | (8,777,946) | (433,420,123) |
Class R | ||||||||
Subscriptions | — | — | — | — | 21,872 | 704,809 | 111,819 | 4,932,695 |
Distributions reinvested | — | — | — | — | 6,132 | 195,161 | 81,344 | 2,552,399 |
Redemptions | — | — | — | — | (256,905) | (8,283,044) | (135,987) | (6,013,318) |
Net increase (decrease) | — | — | — | — | (228,901) | (7,383,074) | 57,176 | 1,471,776 |
Total net decrease | (2,530,315) | (27,373,292) | (16,631,938) | (140,140,835) | (1,771,326) | (63,493,878) | (19,748,545) | (1,085,574,576) |
92 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
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Columbia Acorn USA® | Columbia Acorn International SelectSM | |||||||
Six Months Ended | Year Ended | Six Months Ended | Year Ended | |||||
June 30, 2019 (Unaudited) | December 31, 2018 | June 30, 2019 (Unaudited) | December 31, 2018 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 306,572 | 3,600,650 | 1,376,744 | 18,267,295 | 196,126 | 5,221,968 | 375,760 | 10,651,053 |
Distributions reinvested | 223,014 | 2,544,585 | 699,793 | 7,935,061 | 12,295 | 338,504 | 77,655 | 1,824,896 |
Redemptions | (434,421) | (5,140,057) | (1,134,480) | (14,506,433) | (127,278) | (3,390,787) | (252,530) | (7,123,558) |
Net increase | 95,165 | 1,005,178 | 942,057 | 11,695,923 | 81,143 | 2,169,685 | 200,885 | 5,352,391 |
Advisor Class | ||||||||
Subscriptions | 76,109 | 1,223,845 | 837,779 | 15,358,547 | 57,409 | 1,521,400 | 38,028 | 1,123,008 |
Distributions reinvested | 40,197 | 623,053 | 136,861 | 2,089,581 | 1,131 | 31,844 | 3,664 | 88,202 |
Redemptions | (55,686) | (886,887) | (933,018) | (16,954,707) | (14,526) | (396,778) | (53,440) | (1,565,189) |
Net increase (decrease) | 60,620 | 960,011 | 41,622 | 493,421 | 44,014 | 1,156,466 | (11,748) | (353,979) |
Class C | ||||||||
Subscriptions | 73,340 | 383,196 | 313,173 | 2,077,318 | 7,881 | 193,147 | 36,333 | 979,251 |
Distributions reinvested | 105,595 | 494,186 | 334,238 | 1,774,726 | 1,045 | 26,316 | 10,568 | 227,625 |
Redemptions | (352,560) | (1,758,898) | (1,122,430) | (7,883,868) | (41,725) | (1,010,969) | (105,985) | (2,845,286) |
Net decrease | (173,625) | (881,516) | (475,019) | (4,031,824) | (32,799) | (791,506) | (59,084) | (1,638,410) |
Institutional Class | ||||||||
Subscriptions | 413,053 | 6,038,493 | 1,614,982 | 26,732,776 | 411,591 | 11,143,313 | 793,679 | 22,244,906 |
Distributions reinvested | 389,421 | 5,642,709 | 1,536,419 | 22,101,744 | 34,432 | 961,690 | 184,011 | 4,394,183 |
Redemptions | (1,739,988) | (26,078,124) | (4,055,929) | (65,587,290) | (440,519) | (12,009,550) | (1,114,888) | (32,550,369) |
Net increase (decrease) | (937,514) | (14,396,922) | (904,528) | (16,752,770) | 5,504 | 95,453 | (137,198) | (5,911,280) |
Institutional 2 Class | ||||||||
Subscriptions | 28,156 | 455,793 | 265,478 | 4,960,411 | 26,254 | 723,257 | 29,291 | 879,117 |
Distributions reinvested | 9,247 | 144,439 | 44,378 | 718,791 | 1,032 | 29,050 | 3,628 | 87,329 |
Redemptions | (17,746) | (282,199) | (694,916) | (12,588,773) | (3,427) | (91,054) | (3,773) | (108,283) |
Net increase (decrease) | 19,657 | 318,033 | (385,060) | (6,909,571) | 23,859 | 661,253 | 29,146 | 858,163 |
Institutional 3 Class | ||||||||
Subscriptions | 381,281 | 6,158,380 | 1,017,530 | 18,563,862 | 89,043 | 2,434,275 | 131,427 | 3,864,719 |
Distributions reinvested | 144,221 | 2,277,249 | 486,992 | 7,516,430 | 5,535 | 155,761 | 25,856 | 622,353 |
Redemptions | (381,312) | (6,212,896) | (559,482) | (9,949,381) | (66,091) | (1,794,082) | (60,597) | (1,754,433) |
Net increase | 144,190 | 2,222,733 | 945,040 | 16,130,911 | 28,487 | 795,954 | 96,686 | 2,732,639 |
Total net increase (decrease) | (791,507) | (10,772,483) | 164,112 | 626,090 | 150,208 | 4,087,305 | 118,687 | 1,039,524 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 93 |
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Columbia Acorn SelectSM | Columbia Thermostat FundSM | |||||||
Six Months Ended | Year Ended | Six Months Ended | Year Ended | |||||
June 30, 2019 (Unaudited) | December 31, 2018 | June 30, 2019 (Unaudited) | December 31, 2018 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 154,739 | 1,793,330 | 1,647,135 | 23,680,572 | 1,908,982 | 27,793,252 | 1,333,900 | 19,378,036 |
Distributions reinvested | 169,522 | 1,951,203 | 1,474,425 | 18,023,829 | 99,272 | 1,473,204 | 720,600 | 10,054,448 |
Redemptions | (863,204) | (9,989,493) | (1,604,835) | (22,562,970) | (1,865,224) | (27,189,363) | (5,687,410) | (82,591,620) |
Net increase (decrease) | (538,943) | (6,244,960) | 1,516,725 | 19,141,431 | 143,030 | 2,077,093 | (3,632,910) | (53,159,136) |
Advisor Class | ||||||||
Subscriptions | 13,783 | 192,818 | 81,585 | 1,421,965 | 741,450 | 10,462,043 | 151,388 | 2,184,819 |
Distributions reinvested | 3,060 | 43,116 | 59,074 | 881,008 | 7,119 | 104,726 | 51,274 | 708,407 |
Redemptions | (199,513) | (2,598,627) | (124,115) | (2,084,875) | (690,346) | (10,049,520) | (460,433) | (6,620,916) |
Net increase (decrease) | (182,670) | (2,362,693) | 16,544 | 218,098 | 58,223 | 517,249 | (257,771) | (3,727,690) |
Class C | ||||||||
Subscriptions | 27,190 | 182,196 | 88,638 | 780,854 | 391,803 | 5,701,657 | 511,824 | 7,413,115 |
Distributions reinvested | 19,811 | 129,169 | 367,957 | 3,083,783 | 71,473 | 1,064,948 | 477,573 | 6,731,929 |
Redemptions | (197,467) | (1,322,867) | (2,163,962) | (20,060,290) | (1,910,336) | (28,110,609) | (6,092,400) | (88,882,083) |
Net decrease | (150,466) | (1,011,502) | (1,707,367) | (16,195,653) | (1,447,060) | (21,344,004) | (5,103,003) | (74,737,039) |
Institutional Class | ||||||||
Subscriptions | 123,120 | 1,652,557 | 532,047 | 8,619,479 | 2,670,167 | 37,817,055 | 3,997,657 | 57,171,246 |
Distributions reinvested | 174,104 | 2,341,696 | 1,656,299 | 23,698,931 | 110,266 | 1,613,187 | 792,087 | 10,877,990 |
Redemptions | (880,595) | (11,780,562) | (1,788,491) | (28,387,175) | (3,406,836) | (48,997,989) | (8,455,329) | (120,813,058) |
Net increase (decrease) | (583,371) | (7,786,309) | 399,855 | 3,931,235 | (626,403) | (9,567,747) | (3,665,585) | (52,763,822) |
Institutional 2 Class | ||||||||
Subscriptions | 44,147 | 637,860 | 57,873 | 1,009,610 | 1,201,618 | 17,370,100 | 474,655 | 6,839,482 |
Distributions reinvested | 3,230 | 45,835 | 24,396 | 361,145 | 16,711 | 246,148 | 65,250 | 900,690 |
Redemptions | (33,838) | (490,086) | (22,767) | (390,419) | (270,004) | (3,949,403) | (267,887) | (3,847,004) |
Net increase | 13,539 | 193,609 | 59,502 | 980,336 | 948,325 | 13,666,845 | 272,018 | 3,893,168 |
Institutional 3 Class | ||||||||
Subscriptions | 2,800,219 | 39,215,893 | 1,992,595 | 33,938,673 | 49,670 | 693,602 | 6,170 | 89,446 |
Distributions reinvested | 47,604 | 683,587 | 185,160 | 2,802,564 | 473 | 6,952 | 1,918 | 26,442 |
Redemptions | (1,432,659) | (20,961,088) | (1,880,769) | (33,244,143) | (23,528) | (333,505) | (10,380) | (149,011) |
Net increase (decrease) | 1,415,164 | 18,938,392 | 296,986 | 3,497,094 | 26,615 | 367,049 | (2,292) | (33,123) |
Total net increase (decrease) | (26,747) | 1,726,537 | 582,245 | 11,572,541 | (897,270) | (14,283,515) | (12,389,543) | (180,527,642) |
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Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||||||
Six Months Ended | Year Ended | Six Months Ended | Year Ended | |||||
June 30, 2019 (Unaudited) | December 31, 2018 | June 30, 2019 (Unaudited) | December 31, 2018 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 280,179 | 3,243,454 | 359,020 | 4,465,310 | 215,757 | 4,049,816 | 802,766 | 15,619,783 |
Distributions reinvested | — | — | 34,864 | 373,040 | — | — | 10,793 | 219,313 |
Redemptions | (329,795) | (3,795,722) | (870,709) | (10,745,642) | (399,117) | (7,128,300) | (1,030,128) | (19,193,737) |
Net decrease | (49,616) | (552,268) | (476,825) | (5,907,292) | (183,360) | (3,078,484) | (216,569) | (3,354,641) |
Advisor Class | ||||||||
Subscriptions | 3,322 | 37,317 | 23,068 | 293,516 | 25,532 | 482,133 | 187,846 | 3,709,574 |
Distributions reinvested | — | — | 1,489 | 16,102 | — | — | 849 | 17,351 |
Redemptions | (10,666) | (123,326) | (48,209) | (606,821) | (40,824) | (743,480) | (245,227) | (4,686,268) |
Net decrease | (7,344) | (86,009) | (23,652) | (297,203) | (15,292) | (261,347) | (56,532) | (959,343) |
Class C | ||||||||
Subscriptions | 14,448 | 165,920 | 51,305 | 644,223 | 13,647 | 247,858 | 198,850 | 3,839,604 |
Distributions reinvested | — | — | 6,305 | 66,771 | — | — | 4,735 | 95,138 |
Redemptions | (140,806) | (1,594,771) | (385,778) | (4,633,912) | (243,896) | (4,337,176) | (361,749) | (6,657,723) |
Net decrease | (126,358) | (1,428,851) | (328,168) | (3,922,918) | (230,249) | (4,089,318) | (158,164) | (2,722,981) |
Institutional Class | ||||||||
Subscriptions | 62,988 | 727,642 | 339,519 | 4,283,831 | 480,790 | 8,478,973 | 1,355,100 | 26,110,809 |
Distributions reinvested | — | — | 42,914 | 460,898 | — | — | 16,480 | 335,198 |
Redemptions | (406,991) | (4,726,160) | (2,038,425) | (25,173,138) | (376,354) | (6,813,200) | (1,809,806) | (33,173,356) |
Net increase (decrease) | (344,003) | (3,998,518) | (1,655,992) | (20,428,409) | 104,436 | 1,665,773 | (438,226) | (6,727,349) |
Institutional 2 Class | ||||||||
Subscriptions | 2,474 | 29,194 | 7,090 | 91,329 | 8,202 | 155,577 | 168,588 | 3,341,522 |
Distributions reinvested | — | — | 903 | 9,760 | — | — | 1,543 | 31,723 |
Redemptions | (4,236) | (49,982) | (38,077) | (485,026) | (95,446) | (1,784,669) | (213,125) | (3,888,136) |
Net decrease | (1,762) | (20,788) | (30,084) | (383,937) | (87,244) | (1,629,092) | (42,994) | (514,891) |
Institutional 3 Class | ||||||||
Subscriptions | 8,319 | 95,579 | 20,711 | 263,504 | 484 | 8,305 | 39 | 763 |
Distributions reinvested | — | — | 1,303 | 13,965 | — | — | — | — |
Redemptions | (7,612) | (88,123) | (26,296) | (323,710) | (6) | (107) | (10,843) | (216,203) |
Net increase (decrease) | 707 | 7,456 | (4,282) | (46,241) | 478 | 8,198 | (10,804) | (215,440) |
Total net decrease | (528,376) | (6,078,978) | (2,519,003) | (30,986,000) | (411,231) | (7,384,270) | (923,289) | (14,494,645) |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 95 |
Table of Contents
Columbia Acorn® Fund
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net realized gains | Total distributions to shareholders | |
Class A | ||||||
Six Months Ended 6/30/2019 (Unaudited) | $10.65 | (0.01) | 2.23 | 2.22 | (0.67) | (0.67) |
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)(f) | (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 | ||||||
Six Months Ended 6/30/2019 (Unaudited) | $13.63 | 0.01 | 2.86 | 2.87 | (0.67) | (0.67) |
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(g) | 1.97 | 1.97 | (5.98) | (5.98) |
Year Ended 12/31/2015 | $32.51 | (0.07) | (0.32)(f) | (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 | ||||||
Six Months Ended 6/30/2019 (Unaudited) | $4.69 | (0.02) | 0.97 | 0.95 | (0.67) | (0.67) |
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)(f) | (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 | ||||||
Six Months Ended 6/30/2019 (Unaudited) | $12.98 | 0.01 | 2.73 | 2.74 | (0.67) | (0.67) |
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)(f) | (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 | ||||||
Six Months Ended 6/30/2019 (Unaudited) | $13.76 | 0.01 | 2.89 | 2.90 | (0.67) | (0.67) |
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)(f) | (0.35) | (12.28) | (12.28) |
Year Ended 12/31/2014 | $37.89 | 0.04 | 0.23 | 0.27 | (5.61) | (5.61) |
96 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
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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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $12.20 | 20.94%(b) | 1.11%(c) | 1.09%(c) | (0.16%)(c) | 68% | $859,315 |
Year Ended 12/31/2018 | $10.65 | (5.22%)(b) | 1.10% | 1.08%(d) | (0.20%) | 66% | $768,031 |
Year Ended 12/31/2017 | $12.92 | 24.91% | 1.09% | 1.08%(d) | (0.13%) | 72% | $830,454 |
Year Ended 12/31/2016 | $13.35 | 10.06% | 1.10%(e) | 1.10%(e) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $15.83 | 21.13%(b) | 0.86%(c) | 0.84%(c) | 0.08%(c) | 68% | $46,170 |
Year Ended 12/31/2018 | $13.63 | (5.00%)(b) | 0.85% | 0.83%(d) | 0.05% | 66% | $40,425 |
Year Ended 12/31/2017 | $16.06 | 25.19% | 0.84% | 0.83%(d) | 0.12% | 72% | $38,588 |
Year Ended 12/31/2016 | $15.83 | 10.32% | 0.89%(e) | 0.89%(e) | 0.00%(g) | 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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $4.97 | 20.48%(b) | 1.86%(c) | 1.84%(c) | (0.92%)(c) | 68% | $82,028 |
Year Ended 12/31/2018 | $4.69 | (5.86%)(b) | 1.85% | 1.82%(d) | (0.94%) | 66% | $81,149 |
Year Ended 12/31/2017 | $6.58 | 23.88% | 1.84% | 1.83%(d) | (0.88%) | 72% | $246,450 |
Year Ended 12/31/2016 | $8.34 | 9.29% | 1.84%(e) | 1.84%(e) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $15.05 | 21.19%(b) | 0.86%(c) | 0.84%(c) | 0.09%(c) | 68% | $3,240,797 |
Year Ended 12/31/2018 | $12.98 | (5.09%)(b) | 0.85% | 0.83%(d) | 0.05% | 66% | $2,816,948 |
Year Ended 12/31/2017 | $15.39 | 25.24% | 0.84% | 0.83%(d) | 0.12% | 72% | $3,407,214 |
Year Ended 12/31/2016 | $15.29 | 10.39% | 0.82%(e) | 0.82%(e) | 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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $15.99 | 21.15%(b) | 0.83%(c) | 0.82%(c) | 0.11%(c) | 68% | $48,609 |
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%(e) | 0.81%(e) | 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 | Semiannual Report 2019 | 97 |
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 | ||||||
Six Months Ended 6/30/2019 (Unaudited) | $13.89 | 0.01 | 2.93 | 2.94 | (0.67) | (0.67) |
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)(f) | (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) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Ratios include line of credit interest expense which is less than 0.01%. |
(f) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statements of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(g) | Rounds to zero. |
98 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn® Fund
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $16.16 | 21.24%(b) | 0.78%(c) | 0.77%(c) | 0.18%(c) | 68% | $85,867 |
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%(e) | 0.76%(e) | 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 | Semiannual Report 2019 | 99 |
Table of Contents
Columbia Acorn International®
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $29.48 | 0.19 | 5.17 | 5.36 | (0.11) | (1.95) | (2.06) |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $29.84 | 0.23 | 5.23 | 5.46 | (0.11) | (1.95) | (2.06) |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $27.63 | 0.06 | 4.84 | 4.90 | — | (1.95) | (1.95) |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $29.51 | 0.23 | 5.18 | 5.41 | (0.11) | (1.95) | (2.06) |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $29.49 | 0.24 | 5.17 | 5.41 | (0.11) | (1.95) | (2.06) |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $29.83 | 0.26 | 5.23 | 5.49 | (0.11) | (1.95) | (2.06) |
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) |
100 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn International®
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $32.78 | 18.38%(b) | 1.28%(c),(d) | 1.26%(c),(d) | 1.19%(c) | 17% | $312,654 |
Year Ended 12/31/2018 | $29.48 | (16.13%)(b) | 1.25%(d) | 1.24%(d),(e) | 0.51% | 32% | $296,349 |
Year Ended 12/31/2017 | $46.51 | 31.91% | 1.23% | 1.20%(e) | 0.56% | 37% | $465,830 |
Year Ended 12/31/2016 | $37.71 | (2.51%) | 1.27% | 1.23% | 0.90% | 46% | $576,235 |
Year Ended 12/31/2015 | $39.08 | (1.59%) | 1.28% | 1.24% | 0.93% | 50% | $812,479 |
Year Ended 12/31/2014 | $41.68 | (4.58%) | 1.26% | 1.22% | 0.91% | 28% | $946,553 |
Advisor Class | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $33.24 | 18.49%(b) | 1.03%(c),(d) | 1.01%(c),(d) | 1.43%(c) | 17% | $13,361 |
Year Ended 12/31/2018 | $29.84 | (15.90%)(b) | 1.00%(d) | 0.99%(d),(e) | 0.97% | 32% | $12,740 |
Year Ended 12/31/2017 | $46.95 | 32.21% | 0.98% | 0.98%(e) | 0.81% | 37% | $99,578 |
Year Ended 12/31/2016 | $38.03 | (2.32%) | 1.05% | 1.05% | 1.22% | 46% | $101,988 |
Year Ended 12/31/2015 | $39.41 | (1.41%) | 1.06% | 1.06% | 1.10% | 50% | $486,763 |
Year Ended 12/31/2014 | $42.02 | (4.39%) | 1.04% | 1.04% | 1.07% | 28% | $424,425 |
Class C | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $30.58 | 17.93%(b) | 2.03%(c),(d) | 2.01%(c),(d) | 0.38%(c) | 17% | $21,203 |
Year Ended 12/31/2018 | $27.63 | (16.76%)(b) | 2.00%(d) | 1.99%(d),(e) | (0.11%) | 32% | $22,817 |
Year Ended 12/31/2017 | $44.57 | 30.93% | 1.98% | 1.97%(e) | (0.15%) | 37% | $63,787 |
Year Ended 12/31/2016 | $36.18 | (3.26%) | 2.01% | 1.99% | 0.13% | 46% | $64,548 |
Year Ended 12/31/2015 | $37.65 | (2.33%) | 2.01% | 1.99% | 0.18% | 50% | $88,606 |
Year Ended 12/31/2014 | $40.20 | (5.27%) | 1.99% | 1.97% | 0.16% | 28% | $103,691 |
Institutional Class | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $32.86 | 18.53%(b) | 1.03%(c),(d) | 1.01%(c),(d) | 1.44%(c) | 17% | $1,952,121 |
Year Ended 12/31/2018 | $29.51 | (15.93%)(b) | 1.00%(d) | 0.99%(d),(e) | 0.76% | 32% | $1,824,055 |
Year Ended 12/31/2017 | $46.57 | 32.24% | 0.98% | 0.98%(e) | 0.85% | 37% | $3,116,383 |
Year Ended 12/31/2016 | $37.74 | (2.28%) | 0.98% | 0.98% | 1.13% | 46% | $3,356,348 |
Year Ended 12/31/2015 | $39.12 | (1.33%) | 0.97% | 0.97% | 1.21% | 50% | $4,645,797 |
Year Ended 12/31/2014 | $41.73 | (4.28%) | 0.93% | 0.93% | 1.20% | 28% | $5,585,035 |
Institutional 2 Class | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $32.84 | 18.54%(b) | 0.97%(c),(d) | 0.95%(c),(d) | 1.51%(c) | 17% | $190,578 |
Year Ended 12/31/2018 | $29.49 | (15.85%)(b) | 0.93%(d) | 0.93%(d) | 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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $33.26 | 18.60%(b) | 0.92%(c),(d) | 0.90%(c),(d) | 1.59%(c) | 17% | $260,602 |
Year Ended 12/31/2018 | $29.83 | (15.82%)(b) | 0.88%(d) | 0.88%(d) | 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 | Semiannual Report 2019 | 101 |
Table of Contents
Columbia Acorn International®
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class R | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $29.44 | 0.04 | 5.27 | 5.31 | (0.03) | (1.95) | (1.98) |
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) | Annualized. |
(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%. |
102 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn International®
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class R | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $32.77 | 18.23%(b) | 1.53%(c),(d) | 1.51%(c),(d) | 0.25%(c) | 17% | $3,685 |
Year Ended 12/31/2018 | $29.44 | (16.32%)(b) | 1.50%(d) | 1.49%(d),(e) | 0.26% | 32% | $10,049 |
Year Ended 12/31/2017 | $46.51 | 31.58% | 1.49% | 1.48%(e) | 0.46% | 37% | $13,218 |
Year Ended 12/31/2016 | $37.71 | (2.82%) | 1.55% | 1.55% | 0.55% | 46% | $4,637 |
Year Ended 12/31/2015 | $39.07 | (1.98%) | 1.62% | 1.62% | 0.54% | 50% | $4,945 |
Year Ended 12/31/2014 | $41.67 | (4.95%) | 1.63% | 1.63% | 0.52% | 28% | $5,560 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 103 |
Table of Contents
Columbia Acorn USA®
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $10.28 | (0.02) | 2.01 | 1.99 | (0.01) | (0.56) | (0.57) |
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)(f) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $13.77 | (0.01) | 2.71 | 2.70 | (0.01) | (0.56) | (0.57) |
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)(f) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $4.52 | (0.03) | 0.87 | 0.84 | — | (0.56) | (0.56) |
Year Ended 12/31/2018 | $6.56 | (0.09) | 0.04(f) | (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)(f) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $12.90 | (0.01) | 2.54 | 2.53 | (0.01) | (0.56) | (0.57) |
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)(f) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $13.87 | 0.00(g) | 2.73 | 2.73 | (0.01) | (0.56) | (0.57) |
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)(f) | (0.29) | — | (8.52) | (8.52) |
Year Ended 12/31/2014 | $36.53 | (0.06) | 1.28 | 1.22 | — | (6.04) | (6.04) |
104 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn USA®
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $11.70 | 19.53%(b) | 1.46%(c),(d) | 1.42%(c),(d) | (0.33%)(c) | 56% | $57,099 |
Year Ended 12/31/2018 | $10.28 | (2.15%)(b) | 1.44%(d) | 1.42%(d),(e) | (0.49%) | 86% | $49,179 |
Year Ended 12/31/2017 | $12.48 | 19.14%(b) | 1.44% | 1.43%(e) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $15.90 | 19.74%(b) | 1.21%(c),(d) | 1.16%(c),(d) | (0.07%)(c) | 56% | $17,793 |
Year Ended 12/31/2018 | $13.77 | (1.91%)(b) | 1.18%(d) | 1.17%(d),(e) | (0.27%) | 86% | $14,579 |
Year Ended 12/31/2017 | $16.08 | 19.42%(b) | 1.21% | 1.20%(e) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $4.80 | 18.98%(b) | 2.21%(c),(d) | 2.16%(c),(d) | (1.09%)(c) | 56% | $4,066 |
Year Ended 12/31/2018 | $4.52 | (2.92%)(b) | 2.19%(d) | 2.17%(d),(e) | (1.30%) | 86% | $4,608 |
Year Ended 12/31/2017 | $6.56 | 18.30%(b) | 2.19% | 2.19%(e) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $14.86 | 19.75%(b) | 1.21%(c),(d) | 1.16%(c),(d) | (0.08%)(c) | 56% | $157,701 |
Year Ended 12/31/2018 | $12.90 | (1.98%)(b) | 1.18%(d) | 1.17%(d),(e) | (0.26%) | 86% | $149,048 |
Year Ended 12/31/2017 | $15.21 | 19.44%(b) | 1.16% | 1.16%(e) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $16.03 | 19.82%(b) | 1.13%(c),(d) | 1.08%(c),(d) | 0.02%(c) | 56% | $4,164 |
Year Ended 12/31/2018 | $13.87 | (1.89%)(b) | 1.11%(d) | 1.09%(d) | (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 | Semiannual Report 2019 | 105 |
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 investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $14.01 | 0.00(g) | 2.76 | 2.76 | (0.01) | (0.56) | (0.57) |
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)(f) | (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. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | Annualized. |
(d) | 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) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statements of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(g) | Rounds to zero. |
106 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn USA®
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $16.20 | 19.83%(b) | 1.08%(c),(d) | 1.03%(c),(d) | 0.06%(c) | 56% | $66,197 |
Year Ended 12/31/2018 | $14.01 | (1.86%)(b) | 1.06%(d) | 1.04%(d) | (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 | Semiannual Report 2019 | 107 |
Table of Contents
Columbia Acorn International SelectSM
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Tax return of capital | Total distributions to shareholders | |
Class A | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | $23.44 | 0.08 | 5.35 | 5.43 | (0.04) | (0.26) | — | (0.30) |
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(f) | 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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | $24.00 | 0.13 | 5.47 | 5.60 | (0.11) | (0.26) | — | (0.37) |
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(f) | 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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | $21.48 | (0.02) | 4.90 | 4.88 | — | (0.26) | — | (0.26) |
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(f) | 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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | $23.81 | 0.11 | 5.44 | 5.55 | (0.11) | (0.26) | — | (0.37) |
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(f) | 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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | $24.01 | 0.13 | 5.48 | 5.61 | (0.14) | (0.26) | — | (0.40) |
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(f) | 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) |
108 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn International SelectSM
Proceeds from regulatory settlements | Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | — | $28.57 | 23.22%(b) | 1.55%(c),(d) | 1.40%(c),(d) | 0.63%(c) | 22% | $34,103 |
Year Ended 12/31/2018 | — | $23.44 | (12.46%)(b) | 1.54% | 1.40%(e) | 0.20% | 48% | $26,073 |
Year Ended 12/31/2017 | — | $28.89 | 35.30%(b) | 1.54% | 1.40%(e) | 0.07% | 49% | $26,336 |
Year Ended 12/31/2016 | — | $21.36 | 0.90%(b) | 1.55%(g) | 1.48%(g) | 0.49% | 49% | $20,165 |
Year Ended 12/31/2015 | 0.00(h) | $21.33 | (1.30%)(i) | 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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | — | $29.23 | 23.41%(b) | 1.30%(c),(d) | 1.15%(c),(d) | 0.95%(c) | 22% | $2,749 |
Year Ended 12/31/2018 | — | $24.00 | (12.26%)(b) | 1.29% | 1.15%(e) | 0.31% | 48% | $1,201 |
Year Ended 12/31/2017 | — | $29.46 | 35.67%(b) | 1.29% | 1.15%(e) | 0.30% | 49% | $1,820 |
Year Ended 12/31/2016 | — | $21.77 | 1.15%(b) | 1.29%(g) | 1.21%(g) | 0.77% | 49% | $1,106 |
Year Ended 12/31/2015 | 0.00(h) | $21.74 | (1.00%)(i) | 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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | — | $26.10 | 22.76%(b) | 2.30%(c),(d) | 2.15%(c),(d) | (0.20%)(c) | 22% | $2,488 |
Year Ended 12/31/2018 | — | $21.48 | (13.11%)(b) | 2.28% | 2.15%(e) | (0.43%) | 48% | $2,752 |
Year Ended 12/31/2017 | — | $26.85 | 34.32%(b) | 2.29% | 2.15%(e) | (0.64%) | 49% | $5,027 |
Year Ended 12/31/2016 | — | $19.99 | 0.15%(b) | 2.31%(g) | 2.23%(g) | (0.29%) | 49% | $4,346 |
Year Ended 12/31/2015 | 0.00(h) | $19.96 | (2.05%)(i) | 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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | — | $28.99 | 23.38%(b) | 1.30%(c),(d) | 1.15%(c),(d) | 0.86%(c) | 22% | $84,678 |
Year Ended 12/31/2018 | — | $23.81 | (12.28%)(b) | 1.28% | 1.15%(e) | 0.47% | 48% | $69,413 |
Year Ended 12/31/2017 | — | $29.25 | 35.70%(b) | 1.29% | 1.15%(e) | 0.36% | 49% | $89,266 |
Year Ended 12/31/2016 | — | $21.61 | 1.18%(b) | 1.26%(g) | 1.19%(g) | 0.74% | 49% | $73,631 |
Year Ended 12/31/2015 | 0.00(h) | $21.58 | (1.03%)(i) | 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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | — | $29.22 | 23.43%(b) | 1.22%(c),(d) | 1.06%(c),(d) | 0.99%(c) | 22% | $2,158 |
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%(g) | 1.19%(g) | 0.76% | 49% | $440 |
Year Ended 12/31/2015 | 0.00(h) | $21.72 | (0.94%)(i) | 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 | Semiannual Report 2019 | 109 |
Table of Contents
Columbia Acorn International SelectSM
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Tax return of capital | Total distributions to shareholders | |
Institutional 3 Class | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | $24.00 | 0.14 | 5.48 | 5.62 | (0.15) | (0.26) | — | (0.41) |
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(f) | 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) | Annualized. |
(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) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statements of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(g) | 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% |
(h) | Rounds to zero. |
(i) | The Fund received proceeds from regulatory settlements. Had the Fund not received these proceeds, the total return would have been lower by 0.02%. |
110 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn International SelectSM
Proceeds from regulatory settlements | Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | — | $29.21 | 23.49%(b) | 1.16%(c),(d) | 1.01%(c),(d) | 1.01%(c) | 22% | $11,331 |
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%(g) | 1.04%(g) | 0.74% | 49% | $322 |
Year Ended 12/31/2015 | 0.00(h) | $21.71 | (0.89%)(i) | 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 | Semiannual Report 2019 | 111 |
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 | ||||||
Six Months Ended 6/30/2019 (Unaudited) | $10.34 | (0.00)(b) | 1.68 | 1.68 | (0.27) | (0.27) |
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 | ||||||
Six Months Ended 6/30/2019 (Unaudited) | $12.59 | 0.01 | 2.06 | 2.07 | (0.27) | (0.27) |
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)(b) | 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 | ||||||
Six Months Ended 6/30/2019 (Unaudited) | $5.98 | (0.03) | 0.97 | 0.94 | (0.27) | (0.27) |
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 | ||||||
Six Months Ended 6/30/2019 (Unaudited) | $12.03 | 0.01 | 1.97 | 1.98 | (0.27) | (0.27) |
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)(b) | 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 | ||||||
Six Months Ended 6/30/2019 (Unaudited) | $12.67 | 0.02 | 2.07 | 2.09 | (0.27) | (0.27) |
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) |
112 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn SelectSM
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $11.75 | 16.30%(c) | 1.41%(d),(e) | 1.17%(d),(e) | (0.06%)(d) | 91% | $96,988 |
Year Ended 12/31/2018 | $10.34 | (12.71%)(c) | 1.38% | 1.15%(f) | (0.02%) | 60% | $90,911 |
Year Ended 12/31/2017 | $14.62 | 26.42%(c) | 1.37% | 1.16%(f) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $14.39 | 16.48%(c) | 1.15%(d),(e) | 0.91%(d),(e) | 0.18%(d) | 91% | $2,290 |
Year Ended 12/31/2018 | $12.59 | (12.50%)(c) | 1.13% | 0.90%(f) | 0.22% | 60% | $4,304 |
Year Ended 12/31/2017 | $17.19 | 26.71%(c) | 1.14% | 0.91%(f) | 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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $6.65 | 15.80%(c) | 2.16%(d),(e) | 1.91%(d),(e) | (0.80%)(d) | 91% | $3,288 |
Year Ended 12/31/2018 | $5.98 | (13.32%)(c) | 2.13% | 1.90%(f) | (0.83%) | 60% | $3,855 |
Year Ended 12/31/2017 | $9.59 | 25.40%(c) | 2.12% | 1.91%(f) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $13.74 | 16.50%(c) | 1.16%(d),(e) | 0.92%(d),(e) | 0.20%(d) | 91% | $128,379 |
Year Ended 12/31/2018 | $12.03 | (12.45%)(c) | 1.13% | 0.90%(f) | 0.22% | 60% | $119,465 |
Year Ended 12/31/2017 | $16.54 | 26.59%(c) | 1.13% | 0.91%(f) | 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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $14.49 | 16.54%(c) | 1.07%(d),(e) | 0.86%(d),(e) | 0.27%(d) | 91% | $2,513 |
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 | Semiannual Report 2019 | 113 |
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 | ||||||
Six Months Ended 6/30/2019 (Unaudited) | $12.82 | 0.03 | 2.08 | 2.11 | (0.27) | (0.27) |
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(b) | 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) | Annualized. |
(e) | Ratios include line of credit interest expense which is less than 0.01%. |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
114 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn SelectSM
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $14.66 | 16.50%(c) | 1.02%(d),(e) | 0.81%(d),(e) | 0.37%(d) | 91% | $37,718 |
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 | Semiannual Report 2019 | 115 |
Table of Contents
Columbia Thermostat FundSM
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $13.85 | 0.13 | 1.19 | 1.32 | — | (0.12) | (0.12) |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $13.72 | 0.15 | 1.18 | 1.33 | — | (0.12) | (0.12) |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $13.96 | 0.08 | 1.19 | 1.27 | — | (0.12) | (0.12) |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $13.65 | 0.15 | 1.16 | 1.31 | — | (0.12) | (0.12) |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $13.74 | 0.15 | 1.18 | 1.33 | — | (0.12) | (0.12) |
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) |
116 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Thermostat FundSM
Net asset value, end of period | Total return(a) | Total gross expense ratio to average net assets(b) | Total net expense ratio to average net assets(b) | Net investment income ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $15.05 | 9.52% | 0.58%(c),(d) | 0.50%(c),(d) | 1.81%(c) | 96% | $212,580 |
Year Ended 12/31/2018 | $13.85 | (0.13%) | 0.56% | 0.50%(e) | 1.66% | 122% | $193,683 |
Year Ended 12/31/2017 | $14.63 | 5.19% | 0.54% | 0.50%(e) | 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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $14.93 | 9.68% | 0.33%(c),(d) | 0.25%(c),(d) | 2.09%(c) | 96% | $13,720 |
Year Ended 12/31/2018 | $13.72 | 0.12% | 0.31% | 0.25%(e) | 1.91% | 122% | $11,816 |
Year Ended 12/31/2017 | $14.50 | 5.49% | 0.29% | 0.25%(e) | 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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $15.11 | 9.09% | 1.33%(c),(d) | 1.25%(c),(d) | 1.06%(c) | 96% | $158,155 |
Year Ended 12/31/2018 | $13.96 | (0.88%) | 1.31% | 1.25%(e) | 0.90% | 122% | $166,292 |
Year Ended 12/31/2017 | $14.74 | 4.48% | 1.29% | 1.25%(e) | 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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $14.84 | 9.59% | 0.33%(c),(d) | 0.25%(c),(d) | 2.07%(c) | 96% | $266,020 |
Year Ended 12/31/2018 | $13.65 | 0.12% | 0.31% | 0.25%(e) | 1.91% | 122% | $253,123 |
Year Ended 12/31/2017 | $14.43 | 5.52% | 0.29% | 0.25%(e) | 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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $14.95 | 9.67% | 0.29%(c),(d) | 0.20%(c),(d) | 2.16%(c) | 96% | $32,105 |
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 | Semiannual Report 2019 | 117 |
Table of Contents
Columbia Thermostat FundSM
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $13.72 | 0.15 | 1.18 | 1.33 | — | (0.12) | (0.12) |
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) | Annualized. |
(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%. |
118 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Thermostat FundSM
Net asset value, end of period | Total return(a) | Total gross expense ratio to average net assets(b) | Total net expense ratio to average net assets(b) | Net investment income ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $14.93 | 9.68% | 0.25%(c),(d) | 0.15%(c),(d) | 2.17%(c) | 96% | $899 |
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 | Semiannual Report 2019 | 119 |
Table of Contents
Columbia Acorn Emerging Markets FundSM
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Tax return of capital | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $10.74 | 0.00(b) | 1.17 | 1.17 | — | — | — |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $10.85 | 0.01 | 1.19 | 1.20 | — | — | — |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $10.63 | (0.04) | 1.15 | 1.11 | — | — | — |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $10.79 | 0.01 | 1.18 | 1.19 | — | — | — |
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)(b) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $10.86 | 0.02 | 1.18 | 1.20 | — | — | — |
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) |
120 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | — | $11.91 | 10.89%(c) | 2.16%(d) | 1.53%(d) | 0.00%(d) | 16% | $24,296 |
Year Ended 12/31/2018 | — | $10.74 | (17.58%)(c),(e) | 2.02%(f) | 1.52%(f),(g) | 0.54% | 53% | $22,442 |
Year Ended 12/31/2017 | — | $13.24 | 34.55%(c) | 1.98% | 1.70%(g) | (0.14%) | 47% | $33,982 |
Year Ended 12/31/2016 | — | $9.84 | (3.20%)(c) | 1.84%(f) | 1.84%(f) | (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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | — | $12.05 | 11.06%(c) | 1.91%(d) | 1.28%(d) | 0.22%(d) | 16% | $830 |
Year Ended 12/31/2018 | — | $10.85 | (17.39%)(c),(h) | 1.77%(f) | 1.27%(f),(g) | 0.79% | 53% | $828 |
Year Ended 12/31/2017 | — | $13.38 | 34.88%(c) | 1.73% | 1.43%(g) | 0.19% | 47% | $1,337 |
Year Ended 12/31/2016 | — | $9.92 | (2.91%) | 1.57%(f) | 1.57%(f) | 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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | — | $11.74 | 10.44%(c) | 2.91%(d) | 2.28%(d) | (0.78%)(d) | 16% | $8,612 |
Year Ended 12/31/2018 | 0.01 | $10.63 | (18.20%)(c),(i) | 2.76%(f) | 2.26%(f),(g) | (0.20%) | 53% | $9,138 |
Year Ended 12/31/2017 | — | $13.09 | 33.57%(c) | 2.74% | 2.43%(g) | (0.78%) | 47% | $15,546 |
Year Ended 12/31/2016 | — | $9.80 | (3.92%)(c) | 2.60%(f) | 2.59%(f) | (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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | — | $11.98 | 11.03%(c) | 1.91%(d) | 1.28%(d) | 0.21%(d) | 16% | $24,165 |
Year Ended 12/31/2018 | 0.01 | $10.79 | (17.28%)(c),(j) | 1.76%(f) | 1.26%(f),(g) | 0.79% | 53% | $25,476 |
Year Ended 12/31/2017 | — | $13.29 | 34.92%(c) | 1.74% | 1.42%(g) | 0.28% | 47% | $53,415 |
Year Ended 12/31/2016 | — | $9.85 | (3.04%)(c) | 1.59%(f) | 1.58%(f) | (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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | — | $12.06 | 11.05%(c) | 1.85%(d) | 1.19%(d) | 0.35%(d) | 16% | $544 |
Year Ended 12/31/2018 | 0.01 | $10.86 | (17.24%)(c),(k) | 1.69%(f) | 1.19%(f) | 0.88% | 53% | $509 |
Year Ended 12/31/2017 | — | $13.38 | 35.02%(c) | 1.65% | 1.33% | 0.33% | 47% | $1,030 |
Year Ended 12/31/2016 | — | $9.91 | (2.90%) | 1.46%(f) | 1.46%(f) | (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 | Semiannual Report 2019 | 121 |
Table of Contents
Columbia Acorn Emerging Markets FundSM
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Tax return of capital | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $10.76 | 0.02 | 1.18 | 1.20 | — | — | — |
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) | Rounds to zero. |
(c) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(d) | Annualized. |
(e) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.03%. |
(f) | Ratios include line of credit interest expense which is less than 0.01%. |
(g) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(h) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.02%. |
(i) | 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%. |
(j) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.09%. |
(k) | 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%. |
122 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
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 | ||||||||
Six Months Ended 6/30/2019 (Unaudited) | — | $11.96 | 11.15%(c) | 1.79%(d) | 1.14%(d) | 0.38%(d) | 16% | $779 |
Year Ended 12/31/2018 | — | $10.76 | (17.27%)(c),(e) | 1.65%(f) | 1.14%(f) | 0.94% | 53% | $693 |
Year Ended 12/31/2017 | — | $13.27 | 35.13%(c) | 1.59% | 1.14% | 0.16% | 47% | $912 |
Year Ended 12/31/2016 | — | $9.82 | (2.92%)(c) | 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 | Semiannual Report 2019 | 123 |
Table of Contents
Columbia Acorn European FundSM
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $15.56 | 0.12 | 4.48 | 4.60 | — | — | — |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $15.68 | 0.15 | 4.51 | 4.66 | — | — | — |
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(f) | $15.85 | (0.02) | (1.34) | (1.36) | (0.09) | — | (0.09) |
Class C | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $15.33 | 0.04 | 4.41 | 4.45 | — | — | — |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $15.60 | 0.16 | 4.48 | 4.64 | — | — | — |
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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $15.78 | 0.14 | 4.55 | 4.69 | — | — | — |
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) |
124 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn European FundSM
Net asset value, end of period | Total return(a) | Total gross expense ratio to average net assets(b) | Total net expense ratio to average net assets(b) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $20.16 | 29.56% | 1.94%(c) | 1.44%(c) | 1.38%(c) | 14% | $25,932 |
Year Ended 12/31/2018 | $15.56 | (18.78%) | 1.81%(d) | 1.45%(d) | 0.57% | 39% | $22,870 |
Year Ended 12/31/2017 | $19.27 | 37.89% | 1.94% | 1.58%(e) | 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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $20.34 | 29.72% | 1.68%(c) | 1.19%(c) | 1.63%(c) | 14% | $1,630 |
Year Ended 12/31/2018 | $15.68 | (18.53%) | 1.55%(d) | 1.19%(d) | 0.97% | 39% | $1,496 |
Year Ended 12/31/2017 | $19.36 | 38.29% | 1.71% | 1.28%(e) | 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(f) | $14.40 | (8.60%) | 1.87%(c) | 1.50%(c) | (0.30%)(c) | 74% | $302 |
Class C | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $19.78 | 29.03% | 2.68%(c) | 2.20%(c) | 0.51%(c) | 14% | $6,766 |
Year Ended 12/31/2018 | $15.33 | (19.34%) | 2.56%(d) | 2.20%(d) | (0.12%) | 39% | $8,770 |
Year Ended 12/31/2017 | $19.12 | 36.95% | 2.69% | 2.31%(e) | (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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $20.24 | 29.74% | 1.69%(c) | 1.19%(c) | 1.76%(c) | 14% | $44,677 |
Year Ended 12/31/2018 | $15.60 | (18.57%) | 1.56%(d) | 1.20%(d) | 0.80% | 39% | $32,813 |
Year Ended 12/31/2017 | $19.27 | 38.35% | 1.69% | 1.29%(e) | 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 | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $20.47 | 29.72% | 1.63%(c) | 1.13%(c) | 1.51%(c) | 14% | $1,528 |
Year Ended 12/31/2018 | $15.78 | (18.44%) | 1.50%(d) | 1.13%(d) | 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 | Semiannual Report 2019 | 125 |
Table of Contents
Columbia Acorn European FundSM
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $15.53 | 0.21 | 4.41 | 4.62 | — | — | — |
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) | Annualized. |
(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) | Advisor Class shares commenced operations on June 25, 2014. Per share data and total return reflect activity from that date. |
(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. |
126 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
Table of Contents
Columbia Acorn European FundSM
Net asset value, end of period | Total return(a) | Total gross expense ratio to average net assets(b) | Total net expense ratio to average net assets(b) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Six Months Ended 6/30/2019 (Unaudited) | $20.15 | 29.75% | 1.60%(c) | 1.08%(c) | 2.34%(c) | 14% | $13 |
Year Ended 12/31/2018 | $15.53 | (18.51%) | 1.41%(d) | 1.08%(d) | (0.21%) | 39% | $3 |
Year Ended 12/31/2017(h) | $19.17 | 29.55% | 1.58%(c) | 1.09%(c) | 0.17%(c) | 34% | $210 |
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June 30, 2019 (Unaudited)
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June 30, 2019 (Unaudited)
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June 30, 2019 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 2,859,908* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
130 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
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Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 10,394,339 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 2,859,908 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 96,257,523 |
* | Based on the ending quarterly outstanding amounts for the six months ended June 30, 2019. |
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 154,203* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 445,545 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 154,203 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 3,134,200 |
* | Based on the ending quarterly outstanding amounts for the six months ended June 30, 2019. |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 131 |
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Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | Columbia Acorn SelectSM | Columbia Acorn Emerging Markets FundSM | |
Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | |
Liabilities | ||||||
Collateral on Securities Loaned | 666,000 | 9,138,242 | 638,793 | 127,574 | 52,650 | 270,088 |
Total Liabilities | 666,000 | 9,138,242 | 638,793 | 127,574 | 52,650 | 270,088 |
Total Financial and Derivative Net Assets | (666,000) | (9,138,242) | (638,793) | (127,574) | (52,650) | (270,088) |
Financial Instruments | 659,808 | 8,688,917 | 670,023 | 122,193 | 55,224 | 253,354 |
Net Amount(a) | (6,192) | (449,325) | 31,230 | (5,381) | 2,574 | (16,734) |
(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 | $659,808 | $— | $— | $— | $659,808 |
Gross amount of recognized liabilities for securities lending (collateral received) | 666,000 | ||||
Amounts due to counterparty in the event of default | $6,192 | ||||
Columbia Acorn International® | |||||
Securities lending transactions | |||||
Equity securities | $8,688,917 | $— | $— | $— | $8,688,917 |
Gross amount of recognized liabilities for securities lending (collateral received) | 9,138,242 | ||||
Amounts due to counterparty in the event of default | $449,325 | ||||
Columbia Acorn USA® | |||||
Securities lending transactions | |||||
Equity securities | $670,023 | $— | $— | $— | $670,023 |
Gross amount of recognized liabilities for securities lending (collateral received) | 638,793 | ||||
Amounts due to counterparty in the event of default | $(31,230) | ||||
Columbia Acorn International SelectSM | |||||
Securities lending transactions | |||||
Equity securities | $122,193 | $— | $— | $— | $122,193 |
Gross amount of recognized liabilities for securities lending (collateral received) | 127,574 | ||||
Amounts due to counterparty in the event of default | $5,381 | ||||
Columbia Acorn SelectSM | |||||
Securities lending transactions | |||||
Equity securities | $55,224 | $— | $— | $— | $55,224 |
Gross amount of recognized liabilities for securities lending (collateral received) | 52,650 | ||||
Amounts due to counterparty in the event of default | $(2,574) |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 133 |
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Overnight and continuous | Up to 30 days | 30-90 days | Greater than 90 days | Total | |
Columbia Acorn Emerging Markets FundSM | |||||
Securities lending transactions | |||||
Equity securities | $253,354 | $— | $— | $— | $253,354 |
Gross amount of recognized liabilities for securities lending (collateral received) | 270,088 | ||||
Amounts due to counterparty in the event of default | $16,734 |
134 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
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June 30, 2019 (Unaudited)
Columbia Acorn® Fund | |
Average daily net assets | Annual fee rate |
Up to $700 million | 0.74% |
$700 million to $2 billion | 0.69% |
$2 billion to $6 billion | 0.64% |
$6 billion and over | 0.63% |
Columbia Acorn International® | |
Average daily net assets | Annual fee rate |
Up to $100 million | 1.19% |
$100 million to $500 million | 0.94% |
$500 million and over | 0.74% |
Columbia Acorn USA® | |
Average daily net assets | Annual fee rate |
Up to $200 million | 0.94% |
$200 million to $500 million | 0.89% |
$500 million to $2 billion | 0.84% |
$2 billion to $3 billion | 0.80% |
$3 billion and over | 0.70% |
Columbia Acorn International SelectSM | |
Average daily net assets | Annual fee rate |
Up to $500 million | 0.89% |
$500 million and over | 0.85% |
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% |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 135 |
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June 30, 2019 (Unaudited)
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® | 0.79 |
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 | 1.25 |
Columbia Acorn European FundSM | 1.19 |
Columbia Acorn Trust | |
Aggregate average daily net assets of the trust | Annual fee rate |
Up to $8 billion | 0.050% |
$8 billion to $16 billion | 0.040% |
$16 billion to $35 billion | 0.030% |
$35 billion to $45 billion | 0.025% |
$45 billion and over | 0.015% |
136 | Columbia Acorn Family of Funds | Semiannual Report 2019 |
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June 30, 2019 (Unaudited)
Fund | Purchases ($) | Sales ($) | Realized gain/(loss) from sale transactions ($) |
Columbia Acorn International® | 1,296,836 | — | — |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 137 |
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Fund | Class A (%) | Advisor Class (%) | Class C (%) | Institutional Class (%) | Institutional 2 Class (%) | Institutional 3 Class (%) | Class R (%) |
Columbia Acorn® Fund | 0.07 | 0.07 | 0.07 | 0.07 | 0.05 | — | — |
Columbia Acorn International® | 0.11 | 0.11 | 0.11 | 0.11 | 0.05 | — | 0.11 |
Columbia Acorn USA® | 0.14 | 0.14 | 0.14 | 0.14 | 0.05 | — | — |
Columbia Acorn International SelectSM | 0.15 | 0.15 | 0.15 | 0.15 | 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 | 0.14 | 0.14 | 0.14 | 0.14 | 0.05 | — | — |
Columbia Acorn European FundSM | 0.11 | 0.11 | 0.12 | 0.11 | 0.05 | — | — |
Underwriting discounts ($) | CDSCs ($) | ||
Fund | Class A | Class A | Class C |
Columbia Acorn® Fund | 157,860 | 760 | 1,265 |
Columbia Acorn International® | 37,260 | 79 | 807 |
Columbia Acorn USA® | 34,075 | 3 | 350 |
Columbia Acorn International SelectSM | 36,108 | 4 | 228 |
Columbia Acorn SelectSM | 8,372 | 2 | 4 |
Columbia Thermostat FundSM | 98,663 | — | 2,790 |
Columbia Acorn Emerging Markets FundSM | 5,790 | — | 107 |
Columbia Acorn European FundSM | 9,347 | — | 1,215 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 139 |
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June 30, 2019 (Unaudited)
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn International SelectSM | 1.31% | 1.06% | 2.06% | 1.06% | 0.97% | 0.92% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn Emerging Markets FundSM | 1.55% | 1.30% | 2.30% | 1.30% | 1.24% | 1.19% |
Columbia Acorn European FundSM | 1.45% | 1.20% | 2.20% | 1.20% | 1.14% | 1.09% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn USA® | 1.42% | 1.17% | 2.17% | 1.17% | 1.08% | 1.04% |
Columbia Thermostat FundSM | 0.50% | 0.25% | 1.25% | 0.25% | 0.21% | 0.17% |
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June 30, 2019 (Unaudited)
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | Class R |
Columbia Acorn® Fund | 1.11% | 0.86% | 1.86% | 0.86% | 0.82% | 0.78% | — |
Columbia Acorn InternationalSM | 1.24% | 0.99% | 1.99% | 0.99% | 0.92% | 0.88% | 1.49% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
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% |
Columbia Acorn International SelectSM | 1.40% | 1.15% | 2.15% | 1.15% | 1.06% | 1.01% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Thermostat FundSM | 0.50% | 0.25% | 1.25% | 0.25% | 0.20% | 0.15% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
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% |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 141 |
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June 30, 2019 (Unaudited)
Fund | Expenses waived and/or reimbursed ($) |
Columbia Acorn® Fund | 524,430 |
Columbia Acorn International® | 308,621 |
Columbia Acorn USA® | 71,228 |
Columbia Acorn International SelectSM | 93,677 |
Columbia Acorn SelectSM | 304,383 |
Columbia Thermostat FundSM | 275,562 |
Columbia Acorn Emerging Markets FundSM | 189,579 |
Columbia Acorn European FundSM | 183,339 |
Fund | Tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
Columbia Acorn® Fund | 3,417,227,000 | 991,422,000 | (60,352,000) | 931,070,000 |
Columbia Acorn International® | 2,012,536,000 | 818,105,000 | (87,089,000) | 731,016,000 |
Columbia Acorn USA® | 266,752,000 | 56,974,000 | (11,884,000) | 45,090,000 |
Columbia Acorn International SelectSM | 106,364,000 | 36,138,000 | (5,113,000) | 31,025,000 |
Columbia Acorn SelectSM | 243,463,000 | 34,841,000 | (7,032,000) | 27,809,000 |
Columbia Thermostat FundSM | 653,329,000 | 30,509,000 | — | 30,509,000 |
Columbia Acorn Emerging Markets FundSM | 52,600,000 | 11,787,000 | (4,881,000) | 6,906,000 |
Columbia Acorn European FundSM | 58,598,000 | 23,942,000 | (2,331,000) | 21,611,000 |
Fund | 2019 ($) | No expiration short-term ($) | No expiration long-term ($) | Total ($) |
Columbia Acorn Emerging Markets FundSM | — | 47,094,479 | 26,694,786 | 73,789,265 |
Columbia Acorn European FundSM | — | 8,459,096 | — | 8,459,096 |
Fund | Late year ordinary losses ($) | Post-October capital losses ($) |
Columbia Thermostat FundSM | — | 1,790,953 |
Columbia Acorn Emerging Markets FundSM | 103,544 | — |
Columbia Acorn European FundSM | 29,882 | — |
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June 30, 2019 (Unaudited)
Purchases ($) | Proceeds from sales ($) | |
Columbia Acorn® Fund | 2,807,799,405 | 3,052,892,378 |
Columbia Acorn International® | 437,908,605 | 722,276,095 |
Columbia Acorn USA® | 166,892,702 | 192,610,149 |
Columbia Acorn International SelectSM | 28,973,195 | 27,514,414 |
Columbia Acorn SelectSM | 229,427,496 | 231,941,006 |
Columbia Thermostat FundSM | 648,717,283 | 659,730,873 |
Columbia Acorn Emerging Markets FundSM | 9,737,425 | 16,440,038 |
Columbia Acorn European FundSM | 10,221,776 | 18,274,325 |
Fund | Average loan balance ($) | Weighted average interest rate (%) | Days outstanding |
Columbia Acorn International® | 26,500,000 | 3.50 | 1 |
Columbia Acorn USA® | 4,100,000 | 3.49 | 2 |
Columbia Acorn International SelectSM | 500,000 | 3.44 | 3 |
Columbia Acorn SelectSM | 1,725,000 | 3.48 | 4 |
Columbia Thermostat FundSM | 5,266,667 | 3.48 | 6 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 143 |
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Fund | Percentage of shares outstanding held — unaffiliated (%) | Percentage of shares outstanding held — affiliated (%) |
Columbia Acorn® Fund | — | — |
Columbia Acorn International® | 13.2 | — |
Columbia Acorn USA® | 25.5 | — |
Columbia Acorn International SelectSM | — | 28.3 |
Columbia Acorn SelectSM | 17.1 | 20.0 |
Columbia Thermostat FundSM | 14.6 | 22.1 |
Columbia Acorn Emerging Markets FundSM | 17.2 | 32.6 |
Columbia Acorn European FundSM | 36.3 | 29.7 |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 145 |
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as of June 30, 2019
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) | 0.17% | 0.17% | 0.17% | 0.17% | 0.15% | 0.10% | ||||||||||
Net expense ratio | 1.09% | 0.84% | 1.84% | 0.84% | 0.82% | 0.77% | ||||||||||
Columbia Acorn International® | ||||||||||||||||
Investment advisory fee | 0.79% | 0.79% | 0.78% | 0.79% | 0.79% | 0.79% | 0.79% | |||||||||
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% | 0.23% | 0.22% | 0.16% | 0.11% | 0.22% | |||||||||
Net expense ratio | 1.26% | 1.01% | 2.01% | 1.01% | 0.95% | 0.90% | 1.51% | |||||||||
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% | 0.24% | 0.24% | 0.24% | 0.16% | 0.11% | ||||||||||
Net expense ratio | 1.42% | 1.16% | 2.16% | 1.16% | 1.08% | 1.03% | ||||||||||
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% | 0.12% | ||||||||||
Net expense ratio | 1.40% | 1.15% | 2.15% | 1.15% | 1.06% | 1.01% | ||||||||||
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) | 0.27% | 0.26% | 0.26% | 0.27% | 0.21% | 0.16% | ||||||||||
Net expense ratio | 1.17% | 0.91% | 1.91% | 0.92% | 0.86% | 0.81% | ||||||||||
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% | 0.10% | 0.05% | ||||||||||
Net expense ratio (b) | 0.50% | 0.25% | 1.25% | 0.25% | 0.20% | 0.15% | ||||||||||
Columbia Acorn Emerging Markets FundSM | ||||||||||||||||
Investment advisory fee | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% | ||||||||||
Distribution and/or service fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses (a) | 0.03% | 0.03% | 0.03% | 0.03% | -0.06% | -0.11% | ||||||||||
Net expense ratio | 1.53% | 1.28% | 2.28% | 1.28% | 1.19% | 1.14% | ||||||||||
Columbia Acorn European FundSM | ||||||||||||||||
Investment advisory fee | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | ||||||||||
Distribution and/or service fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses (a) | 0.00% | 0.00% | 0.01% | 0.00% | -0.06% | -0.11% | ||||||||||
Net expense ratio | 1.44% | 1.19% | 2.20% | 1.19% | 1.13% | 1.08% |
(a) | Other expenses include certain fee waivers and/or reimbursements, if applicable, which can potentially exceed other expenses charged. |
(b) | Does not include estimated fees and expenses of 0.39% incurred by the Fund from the underlying portfolio funds in which it invests. |
Columbia Acorn Family of Funds | Semiannual Report 2019 | 153 |
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Item 2. Code of Ethics.
Not applicable for semiannual reports.
Item 3. Audit Committee Financial Expert.
Not applicable for semiannual reports.
Item 4. Principal Accountant Fees and Services.
Not applicable for semiannual reports.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments
(a) | The registrant’s “Schedule I – Investments in securities of unaffiliated issuers” (as set forth in 17 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 officers, 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: Not applicable for semiannual reports.
(a)(2) Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.
(a)(3) Not applicable.
(b) Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) attached hereto as Exhibit 99.906CERT.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(registrant) | Columbia Acorn Trust |
By (Signature and Title) | /s/ Louis Mendes | |
Louis Mendes, Co-President and Principal Executive Officer |
Date | August 22, 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/ Louis Mendes | |
Louis Mendes, Co-President and Principal Executive Officer |
Date | August 22, 2019 |
By (Signature and Title) | /s/ John M. Kunka | |
John M. Kunka, Treasurer and Principal Accounting and Financial Officer |
Date | August 22, 2019 |