UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM N-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)
71 S Wacker Dr.
Suite 2500
Chicago, IL 60606, USA
(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
71 S Wacker Dr.
Suite 2500
Chicago, IL 60606, USA
Mary C. Moynihan
Perkins Coie LLP
700 13th Street, NW
Suite 800
Washington, DC 20005
(Name and address of agent for service)
Registrant's telephone number, including area code: (312) 634-9200
Date of fiscal year end: December 31
Date of reporting period: December 31, 2019
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 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.
Item 1. Reports to Stockholders.
December 31, 2019
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Columbia Acorn® Fund
Average annual total returns (%) (for the period ended December 31, 2019) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 26.21 | 10.04 | 11.52 | 13.79 |
Including sales charges | 18.95 | 8.75 | 10.86 | 13.66 | ||
Advisor Class | 11/08/12 | 26.58 | 10.29 | 11.80 | 14.15 | |
Class C | Excluding sales charges | 10/16/00 | 25.12 | 9.21 | 10.69 | 12.93 |
Including sales charges | 24.24 | 9.21 | 10.69 | 12.93 | ||
Institutional Class | 06/10/70 | 26.60 | 10.33 | 11.83 | 14.15 | |
Institutional 2 Class | 11/08/12 | 26.63 | 10.36 | 11.85 | 14.16 | |
Institutional 3 Class | 11/08/12 | 26.74 | 10.43 | 11.90 | 14.17 | |
Russell 2500 Growth Index | 32.65 | 10.84 | 14.01 | - |
Columbia Acorn Family of Funds | Annual Report 2019 | 3 |
Columbia Acorn® Fund
Portfolio breakdown (%) (at December 31, 2019) | |
Common Stocks | 98.3 |
Money Market Funds | 1.4 |
Securities Lending Collateral | 0.3 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2019) | |
Communication Services | 4.9 |
Consumer Discretionary | 14.5 |
Consumer Staples | 2.1 |
Energy | 0.6 |
Financials | 8.4 |
Health Care | 22.0 |
Industrials | 17.2 |
Information Technology | 24.9 |
Materials | 1.0 |
Real Estate | 4.4 |
Total | 100.0 |
4 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn® Fund
Columbia Acorn Family of Funds | Annual Report 2019 | 5 |
Columbia Acorn® Fund
6 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International®
Average annual total returns (%) (for the period ended December 31, 2019) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 29.56 | 6.58 | 7.34 | 9.74 |
Including sales charges | 22.11 | 5.33 | 6.71 | 9.50 | ||
Advisor Class | 11/08/12 | 29.86 | 6.82 | 7.62 | 10.12 | |
Class C | Excluding sales charges | 10/16/00 | 28.61 | 5.78 | 6.54 | 8.92 |
Including sales charges | 27.61 | 5.78 | 6.54 | 8.92 | ||
Institutional Class | 09/23/92 | 29.89 | 6.85 | 7.65 | 10.13 | |
Institutional 2 Class | 08/02/11 | 29.95 | 6.90 | 7.69 | 10.13 | |
Institutional 3 Class | 11/08/12 | 30.04 | 6.96 | 7.73 | 10.15 | |
Class R | 08/02/11 | 29.21 | 6.27 | 7.01 | 9.45 | |
MSCI ACWI ex USA SMID Cap Growth Index (Net) | 25.07 | 7.37 | 6.68 | - | ||
MSCI ACWI ex USA SMID Cap Index (Net) | 22.36 | 6.59 | 6.40 | - |
Columbia Acorn Family of Funds | Annual Report 2019 | 7 |
Columbia Acorn International®
Equity sector breakdown (%) (at December 31, 2019) | |
Communication Services | 6.3 |
Consumer Discretionary | 13.6 |
Consumer Staples | 5.6 |
Energy | 1.6 |
Financials | 10.2 |
Health Care | 10.2 |
Industrials | 23.3 |
Information Technology | 16.5 |
Materials | 7.1 |
Real Estate | 5.6 |
Total | 100.0 |
8 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International®
Country breakdown (%) (at December 31, 2019) | |
Australia | 4.1 |
Brazil | 3.0 |
Cambodia | 1.5 |
Canada | 6.4 |
China | 1.7 |
Cyprus | 0.1 |
Denmark | 2.2 |
France | 0.7 |
Germany | 8.7 |
Hong Kong | 0.7 |
India | 2.0 |
Ireland | 1.3 |
Italy | 3.6 |
Japan | 20.9 |
Malta | 0.6 |
Mexico | 0.8 |
Netherlands | 2.6 |
New Zealand | 1.3 |
Philippines | 0.4 |
Russian Federation | 1.1 |
Singapore | 1.6 |
South Africa | 1.0 |
South Korea | 3.1 |
Spain | 0.8 |
Sweden | 5.1 |
Switzerland | 3.3 |
Taiwan | 3.2 |
Thailand | 0.7 |
United Kingdom | 12.9 |
United States(a) | 4.6 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
Columbia Acorn Family of Funds | Annual Report 2019 | 9 |
Columbia Acorn International®
10 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International®
Columbia Acorn Family of Funds | Annual Report 2019 | 11 |
Columbia Acorn USA®
Average annual total returns (%) (for the period ended December 31, 2019) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 30.88 | 11.09 | 12.32 | 10.58 |
Including sales charges | 23.32 | 9.78 | 11.66 | 10.30 | ||
Advisor Class | 11/08/12 | 31.27 | 11.36 | 12.62 | 10.93 | |
Class C | Excluding sales charges | 10/16/00 | 29.93 | 10.29 | 11.52 | 9.78 |
Including sales charges | 29.02 | 10.29 | 11.52 | 9.78 | ||
Institutional Class | 09/04/96 | 31.28 | 11.37 | 12.62 | 10.93 | |
Institutional 2 Class | 11/08/12 | 31.41 | 11.48 | 12.69 | 10.96 | |
Institutional 3 Class | 11/08/12 | 31.45 | 11.52 | 12.72 | 10.98 | |
Russell 2000 Growth Index | 28.48 | 9.34 | 13.01 | - |
12 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn USA®
Portfolio breakdown (%) (at December 31, 2019) | |
Common Stocks | 93.8 |
Limited Partnerships | 1.5 |
Money Market Funds | 4.3 |
Securities Lending Collateral | 0.4 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2019) | |
Consumer Discretionary | 14.4 |
Consumer Staples | 4.3 |
Energy | 1.1 |
Financials | 9.9 |
Health Care | 27.8 |
Industrials | 17.4 |
Information Technology | 18.5 |
Materials | 2.5 |
Real Estate | 4.1 |
Total | 100.0 |
Columbia Acorn Family of Funds | Annual Report 2019 | 13 |
Columbia Acorn USA®
14 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn USA®
Columbia Acorn Family of Funds | Annual Report 2019 | 15 |
Columbia Acorn International SelectSM
Average annual total returns (%) (for the period ended December 31, 2019) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 33.37 | 9.49 | 8.34 | 8.69 |
Including sales charges | 25.70 | 8.20 | 7.70 | 8.38 | ||
Advisor Class | 11/08/12 | 33.73 | 9.77 | 8.65 | 9.02 | |
Class C | Excluding sales charges | 10/16/00 | 32.31 | 8.66 | 7.51 | 7.86 |
Including sales charges | 31.31 | 8.66 | 7.51 | 7.86 | ||
Institutional Class | 11/23/98 | 33.71 | 9.77 | 8.66 | 9.02 | |
Institutional 2 Class | 11/08/12 | 33.82 | 9.86 | 8.71 | 9.05 | |
Institutional 3 Class | 11/08/12 | 33.90 | 9.91 | 8.75 | 9.06 | |
MSCI ACWI ex USA Growth Index (Net) | 27.34 | 7.30 | 6.24 | - | ||
MSCI ACWI ex USA Index (Net) | 21.51 | 5.51 | 4.97 | - |
16 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International SelectSM
Equity sector breakdown (%) (at December 31, 2019) | |
Communication Services | 8.7 |
Consumer Discretionary | 12.9 |
Consumer Staples | 5.2 |
Financials | 12.9 |
Health Care | 6.8 |
Industrials | 21.0 |
Information Technology | 22.0 |
Materials | 6.0 |
Real Estate | 4.5 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2019) | |
Australia | 2.1 |
Brazil | 4.5 |
Canada | 5.7 |
China | 6.3 |
Country breakdown (%) (at December 31, 2019) | |
Germany | 9.2 |
Hong Kong | 1.6 |
India | 3.3 |
Italy | 3.7 |
Japan | 21.4 |
Malta | 1.1 |
Netherlands | 4.8 |
Singapore | 2.1 |
South Korea | 3.9 |
Sweden | 6.8 |
Switzerland | 5.4 |
Taiwan | 2.2 |
United Kingdom | 15.1 |
United States(a) | 0.8 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
Columbia Acorn Family of Funds | Annual Report 2019 | 17 |
Columbia Acorn International SelectSM
18 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International SelectSM
Columbia Acorn Family of Funds | Annual Report 2019 | 19 |
Columbia Acorn SelectSM
Average annual total returns (%) (for the period ended December 31, 2019) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 10/16/00 | 28.53 | 9.45 | 9.86 | 9.82 |
Including sales charges | 21.15 | 8.16 | 9.21 | 9.51 | ||
Advisor Class | 11/08/12 | 28.84 | 9.71 | 10.14 | 10.14 | |
Class C | Excluding sales charges | 10/16/00 | 27.57 | 8.63 | 9.04 | 9.00 |
Including sales charges | 26.57 | 8.63 | 9.04 | 9.00 | ||
Institutional Class | 11/23/98 | 28.85 | 9.73 | 10.17 | 10.15 | |
Institutional 2 Class | 11/08/12 | 28.98 | 9.79 | 10.20 | 10.17 | |
Institutional 3 Class | 11/08/12 | 28.94 | 9.85 | 10.24 | 10.19 | |
Russell 2500 Growth Index | 32.65 | 10.84 | 14.01 | - |
20 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn SelectSM
Portfolio breakdown (%) (at December 31, 2019) | |
Common Stocks | 99.4 |
Money Market Funds | 0.3 |
Securities Lending Collateral | 0.3 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2019) | |
Communication Services | 6.0 |
Consumer Discretionary | 10.8 |
Consumer Staples | 2.0 |
Financials | 10.5 |
Health Care | 27.9 |
Industrials | 15.3 |
Information Technology | 24.8 |
Real Estate | 2.7 |
Total | 100.0 |
Columbia Acorn Family of Funds | Annual Report 2019 | 21 |
Columbia Acorn SelectSM
22 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn SelectSM
Columbia Acorn Family of Funds | Annual Report 2019 | 23 |
Columbia Thermostat FundSM
Average annual total returns (%) (for the period ended December 31, 2019) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life | ||
Class A | Excluding sales charges | 03/03/03 | 14.94 | 4.77 | 7.26 | 6.85 |
Including sales charges | 8.37 | 3.53 | 6.64 | 6.49 | ||
Advisor Class | 11/08/12 | 15.21 | 5.03 | 7.53 | 7.12 | |
Class C | Excluding sales charges | 03/03/03 | 14.02 | 3.99 | 6.47 | 6.06 |
Including sales charges | 13.02 | 3.99 | 6.47 | 6.06 | ||
Institutional Class | 09/25/02 | 15.14 | 5.03 | 7.53 | 7.12 | |
Institutional 2 Class | 11/08/12 | 15.25 | 5.07 | 7.56 | 7.14 | |
Institutional 3 Class | 11/08/12 | 15.24 | 5.10 | 7.59 | 7.15 | |
Blended Benchmark | 19.89 | 7.51 | 8.79 | - | ||
S&P® 500 Index | 31.49 | 11.70 | 13.56 | - | ||
Bloomberg Barclays U.S. Aggregate Bond Index | 8.72 | 3.05 | 3.75 | - |
24 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Thermostat FundSM
Portfolio breakdown (%) (at December 31, 2019) | |
Equity Funds | 19.8 |
Exchange-Traded Fixed Income Funds | 7.9 |
Fixed Income Funds | 71.4 |
Money Market Funds | 0.9 |
Total | 100.0 |
Columbia Acorn Family of Funds | Annual Report 2019 | 25 |
Columbia Thermostat FundSM
26 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Thermostat FundSM
Stock Funds | Weightings in category | 4th quarter performance | 1 year performance |
Columbia Large Cap Index Fund, Institutional 3 Class | 40% | 9.00% | 31.24% |
Columbia Acorn Fund®, Institutional 3 Class | 10% | 8.56% | 26.74% |
Columbia Acorn International®, Institutional 3 Class | 10% | 13.18% | 30.04% |
Columbia Acorn SelectSM, Institutional 3 Class | 10% | 13.39% | 28.94% |
Columbia Contrarian Core Fund, Institutional 3 Class | 10% | 9.21% | 33.08% |
Columbia Dividend Income Fund, Institutional 3 Class | 10% | 6.64% | 28.31% |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class | 10% | 9.13% | 25.96% |
Weighted Average Equity Gain/Loss | 100% | 9.62% | 29.88% |
Bond Funds | Weightings in category | 4th quarter performance | 1 year performance |
Columbia U.S. Treasury Index Fund, Institutional 3 Class | 35% | -0.88% | 6.57% |
Columbia Short Term Bond Fund, Institutional 3 Class | 15% | 0.71% | 5.23% |
Columbia Quality Income Fund, Institutional 3 Class | 20% | 0.82% | 6.97% |
Columbia Inflation Protected Securities Fund, Institutional 3 Class | 10% | 1.24% | 8.98% |
Columbia Corporate Income Fund, Institutional 3 Class | 10% | 1.53% | 15.55% |
Columbia Diversified Fixed Income Allocation ETF | 10% | 1.17% | 13.54% |
Weighted Average Income Gain/Loss | 100% | 0.35% | 8.10% |
Columbia Acorn Family of Funds | Annual Report 2019 | 27 |
Columbia Acorn Emerging Markets FundSM
Average annual total returns (%) (for the period ended December 31, 2019) | |||||
Inception | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 08/19/11 | 20.58 | 1.14 | 3.84 |
Including sales charges | 13.60 | -0.06 | 3.11 | ||
Advisor Class | 11/08/12 | 20.92 | 1.40 | 4.16 | |
Class C | Excluding sales charges | 08/19/11 | 19.76 | 0.40 | 3.10 |
Including sales charges | 18.76 | 0.40 | 3.10 | ||
Institutional Class | 08/19/11 | 20.85 | 1.41 | 4.13 | |
Institutional 2 Class | 11/08/12 | 20.99 | 1.49 | 4.21 | |
Institutional 3 Class | 06/13/13 | 21.10 | 1.54 | 4.24 | |
MSCI Emerging Markets SMID Cap Index (Net) | 12.37 | 3.43 | 2.14 |
28 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn Emerging Markets FundSM
Equity sector breakdown (%) (at December 31, 2019) | |
Communication Services | 7.6 |
Consumer Discretionary | 15.8 |
Consumer Staples | 6.9 |
Energy | 0.6 |
Financials | 28.5 |
Health Care | 7.2 |
Industrials | 8.0 |
Information Technology | 20.1 |
Materials | 2.6 |
Real Estate | 2.7 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2019) | |
Brazil | 12.6 |
Cambodia | 2.7 |
Canada | 0.6 |
China | 9.5 |
Egypt | 1.5 |
Hong Kong | 5.5 |
India | 9.0 |
Indonesia | 3.7 |
Malaysia | 0.9 |
Country breakdown (%) (at December 31, 2019) | |
Mexico | 4.3 |
Philippines | 2.4 |
Poland | 1.5 |
Russian Federation | 2.5 |
South Africa | 5.5 |
South Korea | 12.3 |
Taiwan | 15.9 |
Thailand | 4.1 |
Turkey | 1.1 |
United Kingdom | 0.5 |
United States(a) | 3.9 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
Columbia Acorn Family of Funds | Annual Report 2019 | 29 |
Columbia Acorn Emerging Markets FundSM
30 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn Emerging Markets FundSM
Columbia Acorn Family of Funds | Annual Report 2019 | 31 |
Columbia Acorn European FundSM
Average annual total returns (%) (for the period ended December 31, 2019) | |||||
Inception | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 08/19/11 | 45.96 | 10.45 | 11.11 |
Including sales charges | 37.56 | 9.16 | 10.33 | ||
Advisor Class | 06/25/14 | 46.30 | 10.74 | 11.41 | |
Class C | Excluding sales charges | 08/19/11 | 44.79 | 9.64 | 10.30 |
Including sales charges | 43.79 | 9.64 | 10.30 | ||
Institutional Class | 08/19/11 | 46.35 | 10.74 | 11.40 | |
Institutional 2 Class | 11/08/12 | 46.33 | 10.79 | 11.43 | |
Institutional 3 Class | 03/01/17 | 46.42 | 10.78 | 11.43 | |
MSCI AC Europe Small Cap Index (Net) | 29.03 | 8.70 | 10.63 |
32 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn European FundSM
Equity sector breakdown (%) (at December 31, 2019) | |
Communication Services | 5.8 |
Consumer Discretionary | 7.4 |
Consumer Staples | 1.5 |
Financials | 8.4 |
Health Care | 13.3 |
Industrials | 38.6 |
Information Technology | 17.9 |
Materials | 3.5 |
Real Estate | 3.6 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2019) | |
Belgium | 1.2 |
Denmark | 4.1 |
France | 4.3 |
Germany | 20.5 |
Ireland | 1.6 |
Italy | 6.6 |
Malta | 0.7 |
Netherlands | 3.3 |
Poland | 1.0 |
Russian Federation | 1.0 |
Spain | 2.4 |
Country breakdown (%) (at December 31, 2019) | |
Sweden | 17.4 |
Switzerland | 7.3 |
Ukraine | 0.5 |
United Kingdom | 22.2 |
United States(a) | 5.9 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
Columbia Acorn Family of Funds | Annual Report 2019 | 33 |
Columbia Acorn European FundSM
34 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn European FundSM
Columbia Acorn Family of Funds | Annual Report 2019 | 35 |
Fund | Ordinary income | Short-term capital gain | Long-term capital gain | Record date | Ex-dividend date | Payable date |
Columbia Acorn® Fund | ||||||
Class A | None | None | 1.01168 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Advisor Class | None | None | 1.01168 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Class C | None | None | 1.01168 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Institutional Class | None | None | 1.01168 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Institutional 2 Class | None | None | 1.01168 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Institutional 3 Class | None | None | 1.01168 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Columbia Acorn International® | ||||||
Class A | 0.53730 | None | 1.12171 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Advisor Class | 0.61914 | None | 1.12171 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Class C | 0.29176 | None | 1.12171 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Institutional Class | 0.61914 | None | 1.12171 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Institutional 2 Class | 0.63878 | None | 1.12171 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Institutional 3 Class | 0.65515 | None | 1.12171 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Class R | 0.45545 | None | 1.12171 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Columbia Acorn USA® | ||||||
Class A | None | None | 1.10803 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Advisor Class | None | None | 1.10803 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Class C | None | None | 1.10803 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Institutional Class | None | None | 1.10803 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Institutional 2 Class | None | None | 1.10803 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Institutional 3 Class | None | None | 1.10803 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Columbia Acorn International SelectSM | ||||||
Class A | 0.24206 | 0.06026 | 2.01839 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Advisor Class | 0.31137 | 0.06026 | 2.01839 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Class C | 0.03136 | 0.06026 | 2.01839 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Institutional Class | 0.31137 | 0.06026 | 2.01839 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Institutional 2 Class | 0.33632 | 0.06026 | 2.01839 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Institutional 3 Class | 0.35019 | 0.06026 | 2.01839 | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Columbia Acorn SelectSM | ||||||
Class A | None | None | 1.01257 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Advisor Class | None | None | 1.01257 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Class C | None | None | 1.01257 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Institutional Class | None | None | 1.01257 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Institutional 2 Class | None | None | 1.01257 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Institutional 3 Class | None | None | 1.01257 | 12/11/2019 | 12/12/2019 | 12/12/2019 |
Columbia Thermostat FundSM | ||||||
Class A | 0.25763 | 0.20300 | 0.21380 | 12/19/2019 | 12/20/2019 | 12/20/2019 |
Advisor Class | 0.29478 | 0.20300 | 0.21380 | 12/19/2019 | 12/20/2019 | 12/20/2019 |
Class C | 0.14617 | 0.20300 | 0.21380 | 12/19/2019 | 12/20/2019 | 12/20/2019 |
Institutional Class | 0.29478 | 0.20300 | 0.21380 | 12/19/2019 | 12/20/2019 | 12/20/2019 |
Institutional 2 Class | 0.30221 | 0.20300 | 0.21380 | 12/19/2019 | 12/20/2019 | 12/20/2019 |
Institutional 3 Class | 0.30815 | 0.20300 | 0.21380 | 12/19/2019 | 12/20/2019 | 12/20/2019 |
36 | Columbia Acorn Family of Funds | Annual Report 2019 |
Fund | Ordinary income | Short-term capital gain | Long-term capital gain | Record date | Ex-dividend date | Payable date |
Columbia Acorn European FundSM | ||||||
Class A | 0.18755 | None | None | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Advisor Class | 0.23495 | None | None | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Class C | 0.04533 | None | None | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Institutional Class | 0.23495 | None | None | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Institutional 2 Class | 0.24633 | None | None | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Institutional 3 Class | 0.25391 | None | None | 12/16/2019 | 12/17/2019 | 12/17/2019 |
Columbia Acorn Family of Funds | Annual Report 2019 | 37 |
(Unaudited)
July 1, 2019 — December 31, 2019 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Columbia Acorn® Fund | |||||||
Class A | 1,000.00 | 1,000.00 | 1,043.60 | 1,019.82 | 5.78 | 5.71 | 1.11 |
Advisor Class | 1,000.00 | 1,000.00 | 1,045.00 | 1,021.10 | 4.48 | 4.43 | 0.86 |
Class C | 1,000.00 | 1,000.00 | 1,038.50 | 1,016.00 | 9.66 | 9.55 | 1.86 |
Institutional Class | 1,000.00 | 1,000.00 | 1,044.70 | 1,021.10 | 4.48 | 4.43 | 0.86 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,045.20 | 1,021.30 | 4.27 | 4.22 | 0.82 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,045.30 | 1,021.56 | 4.01 | 3.97 | 0.77 |
38 | Columbia Acorn Family of Funds | Annual Report 2019 |
(Unaudited)
July 1, 2019 — December 31, 2019 | |||||||
Account value at the beginning of the period ($) | 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 | 1,094.50 | 1,019.21 | 6.56 | 6.33 | 1.23 |
Advisor Class | 1,000.00 | 1,000.00 | 1,096.00 | 1,020.49 | 5.23 | 5.05 | 0.98 |
Class C | 1,000.00 | 1,000.00 | 1,090.60 | 1,015.39 | 10.55 | 10.17 | 1.98 |
Institutional Class | 1,000.00 | 1,000.00 | 1,095.90 | 1,020.49 | 5.23 | 5.05 | 0.98 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,096.30 | 1,020.79 | 4.91 | 4.74 | 0.92 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,096.50 | 1,021.00 | 4.70 | 4.53 | 0.88 |
Class R | 1,000.00 | 1,000.00 | 1,092.90 | 1,017.94 | 7.89 | 7.61 | 1.48 |
Columbia Acorn USA® | |||||||
Class A | 1,000.00 | 1,000.00 | 1,094.90 | 1,018.35 | 7.47 | 7.20 | 1.40 |
Advisor Class | 1,000.00 | 1,000.00 | 1,096.30 | 1,019.62 | 6.14 | 5.92 | 1.15 |
Class C | 1,000.00 | 1,000.00 | 1,092.00 | 1,014.52 | 11.46 | 11.04 | 2.15 |
Institutional Class | 1,000.00 | 1,000.00 | 1,096.30 | 1,019.62 | 6.14 | 5.92 | 1.15 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,096.80 | 1,019.98 | 5.77 | 5.56 | 1.08 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,097.00 | 1,020.18 | 5.56 | 5.35 | 1.04 |
Columbia Acorn International SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,082.40 | 1,018.85 | 6.90 | 6.69 | 1.30 |
Advisor Class | 1,000.00 | 1,000.00 | 1,083.60 | 1,020.13 | 5.57 | 5.40 | 1.05 |
Class C | 1,000.00 | 1,000.00 | 1,077.80 | 1,015.03 | 10.85 | 10.53 | 2.05 |
Institutional Class | 1,000.00 | 1,000.00 | 1,083.60 | 1,020.13 | 5.57 | 5.40 | 1.05 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,084.20 | 1,020.54 | 5.15 | 4.99 | 0.97 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,084.40 | 1,020.79 | 4.89 | 4.74 | 0.92 |
Columbia Acorn SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,105.20 | 1,019.52 | 6.28 | 6.02 | 1.17 |
Advisor Class | 1,000.00 | 1,000.00 | 1,106.00 | 1,020.79 | 4.94 | 4.74 | 0.92 |
Class C | 1,000.00 | 1,000.00 | 1,101.60 | 1,015.70 | 10.28 | 9.86 | 1.92 |
Institutional Class | 1,000.00 | 1,000.00 | 1,106.00 | 1,020.79 | 4.94 | 4.74 | 0.92 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,106.70 | 1,021.15 | 4.56 | 4.38 | 0.85 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,106.80 | 1,021.45 | 4.24 | 4.07 | 0.79 |
Columbia Acorn Emerging Markets FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,087.30 | 1,017.58 | 8.24 | 7.97 | 1.55 |
Advisor Class | 1,000.00 | 1,000.00 | 1,088.80 | 1,018.85 | 6.92 | 6.69 | 1.30 |
Class C | 1,000.00 | 1,000.00 | 1,084.30 | 1,013.76 | 12.21 | 11.80 | 2.30 |
Institutional Class | 1,000.00 | 1,000.00 | 1,088.50 | 1,018.85 | 6.92 | 6.69 | 1.30 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,089.60 | 1,019.16 | 6.60 | 6.38 | 1.24 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,089.50 | 1,019.42 | 6.34 | 6.12 | 1.19 |
Columbia Acorn European FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,126.60 | 1,018.14 | 7.80 | 7.40 | 1.44 |
Advisor Class | 1,000.00 | 1,000.00 | 1,127.80 | 1,019.42 | 6.45 | 6.12 | 1.19 |
Class C | 1,000.00 | 1,000.00 | 1,122.20 | 1,014.32 | 11.84 | 11.24 | 2.19 |
Institutional Class | 1,000.00 | 1,000.00 | 1,128.00 | 1,019.42 | 6.45 | 6.12 | 1.19 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,128.10 | 1,019.67 | 6.18 | 5.87 | 1.14 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,128.50 | 1,019.92 | 5.91 | 5.61 | 1.09 |
Columbia Acorn Family of Funds | Annual Report 2019 | 39 |
(Unaudited)
July 1, 2019 — December 31, 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 | 1,049.50 | 1,022.93 | 2.61 | 2.58 | 0.50 | 4.65 | 4.59 | 0.89 |
Advisor Class | 1,000.00 | 1,000.00 | 1,050.40 | 1,024.21 | 1.31 | 1.29 | 0.25 | 3.34 | 3.30 | 0.64 |
Class C | 1,000.00 | 1,000.00 | 1,045.20 | 1,019.11 | 6.51 | 6.43 | 1.25 | 8.55 | 8.44 | 1.64 |
Institutional Class | 1,000.00 | 1,000.00 | 1,050.70 | 1,024.21 | 1.31 | 1.29 | 0.25 | 3.34 | 3.30 | 0.64 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,050.90 | 1,024.41 | 1.10 | 1.08 | 0.21 | 3.14 | 3.09 | 0.60 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,050.60 | 1,024.61 | 0.89 | 0.88 | 0.17 | 2.93 | 2.89 | 0.56 |
40 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn® Fund, December 31, 2019
Common Stocks 98.9% | ||
Issuer | Shares | Value ($) |
Communication Services 4.8% | ||
Entertainment 4.0% | ||
Live Nation Entertainment, Inc.(a) Live concerts and ticket sales | 412,149 | 29,456,289 |
Madison Square Garden Co. (The), Class A(a) Sports, entertainment and media | 60,814 | 17,890,871 |
Take-Two Interactive Software, Inc.(a) Interactive entertainment software games and accessories | 382,000 | 46,768,260 |
World Wrestling Entertainment, Inc., Class A Media and entertainment company | 333,000 | 21,601,710 |
Zynga, Inc., Class A(a) Social gaming company | 8,375,000 | 51,255,000 |
Total | 166,972,130 | |
Media 0.8% | ||
Cable One, Inc. Cable company | 22,849 | 34,010,051 |
Total Communication Services | 200,982,181 | |
Consumer Discretionary 14.3% | ||
Auto Components 1.3% | ||
Dorman Products, Inc.(a) Automotive products and home hardware | 404,233 | 30,608,523 |
LCI Industries Recreational vehicles and equipment | 223,097 | 23,900,381 |
Total | 54,508,904 | |
Diversified Consumer Services 2.8% | ||
Bright Horizons Family Solutions, Inc.(a) Child care and early education services | 233,973 | 35,163,802 |
Chegg, Inc.(a) Online educational platform | 1,049,168 | 39,773,959 |
Grand Canyon Education, Inc.(a) Online post secondary education | 420,287 | 40,259,292 |
Total | 115,197,053 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hotels, Restaurants & Leisure 3.9% | ||
Choice Hotels International, Inc. Vacation rental properties, travel tips and other services | 260,000 | 26,891,800 |
Dunkin’ Brands Group, Inc. Quick service restaurants serving hot and cold coffee and baked goods | 302,813 | 22,874,494 |
Planet Fitness, Inc., Class A(a) Chain of fitness clubs | 400,000 | 29,872,000 |
Texas Roadhouse, Inc. Moderately priced, full service restaurant chain | 408,073 | 22,982,671 |
Wendy’s Co. (The) Fast-food restaurants | 1,445,000 | 32,093,450 |
Wingstop, Inc. Cooked-to-order chicken wings | 327,000 | 28,197,210 |
Total | 162,911,625 | |
Household Durables 1.9% | ||
Helen of Troy Ltd.(a) Brand-name hair and comfort products | 197,547 | 35,516,975 |
Skyline Champion Corp.(a) Factory-built housing | 1,396,497 | 44,268,955 |
Total | 79,785,930 | |
Specialty Retail 3.5% | ||
Five Below, Inc.(a) Specialty value retailer | 271,614 | 34,728,566 |
Monro, Inc. Automotive undercar repair and tire services | 103,267 | 8,075,480 |
Tractor Supply Co. Retail farm store chain | 567,948 | 53,069,061 |
Williams-Sonoma, Inc. Cooking & serving equipment and home furnishings | 685,000 | 50,306,400 |
Total | 146,179,507 | |
Textiles, Apparel & Luxury Goods 0.9% | ||
Carter’s, Inc. Markets baby and young children’s apparel | 330,200 | 36,104,068 |
Total Consumer Discretionary | 594,687,087 | |
Consumer Staples 2.0% | ||
Food & Staples Retailing 1.0% | ||
BJ’s Wholesale Club Holdings, Inc.(a) Warehouse club | 1,883,368 | 42,827,789 |
Columbia Acorn Family of Funds | Annual Report 2019 | 41 |
Columbia Acorn® Fund, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Products 1.0% | ||
WD-40 Co. Multi-purpose lubricant products and heavy-duty hand cleaners | 215,809 | 41,897,159 |
Total Consumer Staples | 84,724,948 | |
Energy 0.6% | ||
Oil, Gas & Consumable Fuels 0.6% | ||
Diamondback Energy, Inc. Independent oil and natural gas company | 275,816 | 25,612,274 |
Total Energy | 25,612,274 | |
Financials 8.3% | ||
Banks 2.6% | ||
BOK Financial Corp. Multi-bank holding company | 290,911 | 25,425,621 |
OFG Bancorp Holding company for Oriental Bank | 1,612,838 | 38,079,105 |
SVB Financial Group(a) Holding company for Silicon Valley Bank | 178,068 | 44,702,191 |
Total | 108,206,917 | |
Capital Markets 3.0% | ||
Ares Management Corp., Class A Asset management firm | 1,638,335 | 58,472,176 |
Houlihan Lokey, Inc. Investment bank | 609,342 | 29,778,543 |
Raymond James Financial, Inc. Financial services to individuals, corporations, and municipalities | 382,123 | 34,184,724 |
Total | 122,435,443 | |
Consumer Finance 0.5% | ||
OneMain Holdings, Inc. Personal and auto loan products | 475,000 | 20,021,250 |
Insurance 1.4% | ||
Assured Guaranty Ltd. Financial guaranty insurance and reinsurance coverage | 410,000 | 20,098,200 |
Primerica, Inc. Distributes financial products to middle income households | 305,212 | 39,848,479 |
Total | 59,946,679 | |
Thrifts & Mortgage Finance 0.8% | ||
Walker & Dunlop, Inc. Commercial real estate financial services | 534,000 | 34,539,120 |
Total Financials | 345,149,409 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care 21.8% | ||
Biotechnology 7.4% | ||
ACADIA Pharmaceuticals, Inc.(a) Small molecule drugs for central nervous system disorders | 660,000 | 28,234,800 |
Agios Pharmaceuticals, Inc.(a) Therapeutics in the field of cancer metabolism | 748,362 | 35,734,286 |
Anika Therapeutics, Inc.(a),(b) Integrated orthopedic medicines company | 292,624 | 15,172,554 |
Argenx SE, ADR(a) Anitbody based therapies | 218,766 | 35,116,318 |
CRISPR Therapeutics AG(a) Biological transformative gene-based medicines & related products | 391,000 | 23,813,855 |
Exact Sciences Corp.(a) Developing and commercializing a test for the early detection and prevention of colorectal cancer | 635,484 | 58,769,560 |
Fate Therapeutics, Inc.(a) Biotechnology services | 1,120,000 | 21,918,400 |
Immunomedics, Inc.(a) Diagnostic imaging and therapeutic products | 1,535,996 | 32,501,675 |
Insmed, Inc.(a) Biopharmaceuticals focused on rare diseases | 1,535,000 | 36,655,800 |
Intercept Pharmaceuticals, Inc.(a) Biopharmaceutical products | 140,316 | 17,387,959 |
MacroGenics, Inc.(a) Treatments for autoimmune disorders, cancer and infectious diseases | 479,294 | 5,214,719 |
Total | 310,519,926 | |
Health Care Equipment & Supplies 7.0% | ||
Globus Medical, Inc., Class A(a) Medical device company | 795,000 | 46,809,600 |
Hill-Rom Holdings, Inc. Equipment and services for the healthcare industry | 240,000 | 27,247,200 |
Masimo Corp.(a) Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 447,452 | 70,724,263 |
Penumbra, Inc.(a) Peripheral vascular & neurovascular devices | 151,389 | 24,868,671 |
STERIS PLC Infection prevention products | 291,209 | 44,386,076 |
Tactile Systems Technology, Inc.(a) Technology for treating lymphedema, chronic swelling & venous ulcers | 430,687 | 29,075,679 |
Varian Medical Systems, Inc.(a) Medical equipment | 333,296 | 47,331,365 |
Total | 290,442,854 |
42 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn® Fund, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Providers & Services 2.3% | ||
Chemed Corp. Hospice and palliative care services | 135,438 | 59,492,496 |
Encompass Health Corp. Inpatient rehabilitative healthcare services | 515,243 | 35,690,883 |
Total | 95,183,379 | |
Health Care Technology 0.6% | ||
Livongo Health, Inc.(a),(c) Applied health signals for treatment of chronic conditions | 957,730 | 24,000,714 |
Life Sciences Tools & Services 2.4% | ||
Bio-Techne Corp. Biotechnology products and clinical diagnostic controls | 179,802 | 39,468,337 |
Pra Health Sciences, Inc.(a) Global contract research organization | 536,040 | 59,580,846 |
Total | 99,049,183 | |
Pharmaceuticals 2.1% | ||
Horizon Therapeutics PLC(a) Biopharmaceuitcal therapies | 1,831,589 | 66,303,522 |
Reata Pharmaceuticals, Inc., Class A(a) Biopharmaceutical company | 98,171 | 20,069,097 |
Total | 86,372,619 | |
Total Health Care | 905,568,675 | |
Industrials 17.1% | ||
Aerospace & Defense 2.6% | ||
Curtiss-Wright Corp. Precision components and systems | 311,000 | 43,816,790 |
HEICO Corp., Class A Aerospace products and services | 323,272 | 28,942,542 |
Hexcel Corp. Reinforcement products, composite materials & engineered products | 485,000 | 35,555,350 |
Total | 108,314,682 | |
Air Freight & Logistics 0.5% | ||
Expeditors International of Washington, Inc. Global logistics company | 284,237 | 22,176,171 |
Building Products 1.6% | ||
Allegion PLC Security products and solutions | 542,420 | 67,552,987 |
Commercial Services & Supplies 0.7% | ||
Unifirst Corp. Workplace uniforms and protective clothing | 138,000 | 27,873,240 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Electrical Equipment 0.6% | ||
Atkore International Group, Inc.(a) Metal products and electrical raceway solutions | 640,187 | 25,901,966 |
Machinery 6.7% | ||
Donaldson Co., Inc. Filtration systems and replacement parts | 370,548 | 21,350,976 |
Graco, Inc. Technology for the management of fluids in industrial and commercial applications | 612,836 | 31,867,472 |
IDEX Corp. Pump and dispensing equipment & other engineered products | 188,000 | 32,336,000 |
ITT, Inc. Engineered components & customized technology solutions | 472,470 | 34,920,258 |
Nordson Corp. Systems that apply adhesives, sealants, and coatings to products during manufacturing | 103,337 | 16,827,397 |
Oshkosh Corp. Fire and emergency apparatuses and specialty commercial, and military trucks | 219,198 | 20,747,091 |
SPX Corp.(a) Engineered products and technologies | 1,012,428 | 51,512,336 |
Toro Co. (The) Turf equipment | 483,510 | 38,521,242 |
Woodward, Inc. Energy control systems and components for aircraft, industrial engines and turbines | 237,474 | 28,126,420 |
Total | 276,209,192 | |
Professional Services 1.3% | ||
Exponent, Inc. Science and engineering consulting firm | 448,000 | 30,916,480 |
ICF International, Inc. Management, technology, policy consulting, and implementation services | 223,021 | 20,433,184 |
Total | 51,349,664 | |
Road & Rail 1.0% | ||
Old Dominion Freight Line, Inc. Inter-regional and multi-regional motor carrier | 217,890 | 41,351,164 |
Columbia Acorn Family of Funds | Annual Report 2019 | 43 |
Columbia Acorn® Fund, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Trading Companies & Distributors 2.1% | ||
Air Lease Corp. Aircraft leasing company | 560,000 | 26,611,200 |
SiteOne Landscape Supply, Inc.(a) Landscape supplies | 349,614 | 31,692,509 |
Watsco, Inc. Air conditioning, heating, and refrigeration equipment | 167,628 | 30,198,184 |
Total | 88,501,893 | |
Total Industrials | 709,230,959 | |
Information Technology 24.6% | ||
Electronic Equipment, Instruments & Components 2.7% | ||
CDW Corp. IT products and services | 246,872 | 35,263,197 |
Cognex Corp. Machine vision systems | 415,683 | 23,294,875 |
Dolby Laboratories, Inc., Class A Audio signal processing systems | 280,000 | 19,264,000 |
ePlus, Inc.(a) Provides IT hardware, software and services | 424,122 | 35,749,243 |
Total | 113,571,315 | |
IT Services 6.3% | ||
Booz Allen Hamilton Holdings Corp. Technology consulting services to the U.S. government in the defense, intelligence, and civil markets | 963,985 | 68,568,253 |
EPAM Systems, Inc.(a) Provides software development, outsourcing services, e-business, enterprise relationship management and content management solutions | 257,012 | 54,527,666 |
Gartner, Inc.(a) Research and analysis on computer hardware, software, communications, and information technology | 210,000 | 32,361,000 |
Jack Henry & Associates, Inc. Integrated computer systems | 250,500 | 36,490,335 |
LiveRamp Holdings, Inc.(a) Marketing technology company | 942,659 | 45,313,618 |
Wix.com Ltd.(a) Web platform | 186,500 | 22,823,870 |
Total | 260,084,742 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Semiconductors & Semiconductor Equipment 4.1% | ||
Brooks Automation, Inc. Automation solutions for the global semiconductor and related industries | 822,098 | 34,495,232 |
Cabot Microelectronics Corp. Slurries used in chemical mechanical planarization | 163,000 | 23,524,160 |
Inphi Corp.(a) Analog semiconductor solutions | 196,000 | 14,507,920 |
MKS Instruments, Inc. Instruments and components used to control and analyze gases in semiconductor manufacturing | 233,792 | 25,719,458 |
Semtech Corp.(a) Analog and mixed-signal semiconductors | 708,492 | 37,479,227 |
Teradyne, Inc. Semiconductor test products and services | 527,597 | 35,976,839 |
Total | 171,702,836 | |
Software 11.5% | ||
Alteryx, Inc., Class A(a) Data storage, retrieval, management, reporting, and analytics solutions | 430,404 | 43,070,528 |
ANSYS, Inc.(a) Software solutions for design analysis and optimization | 114,117 | 29,374,857 |
Aspen Technology, Inc.(a) Process optimization software, products and services | 279,600 | 33,812,028 |
Blackline, Inc.(a) Develops and markets enterprise software | 849,805 | 43,815,946 |
Cadence Design Systems, Inc.(a) Software technology, design and consulting services and technology | 295,340 | 20,484,782 |
CyberArk Software Ltd.(a) IT security solutions | 525,438 | 61,255,562 |
j2 Global, Inc. Cloud-based communications and storage messaging services | 410,000 | 38,421,100 |
Manhattan Associates, Inc.(a) Information technology solutions for distribution centers | 385,000 | 30,703,750 |
Mimecast Ltd.(a) Cloud security and risk management services for corporate information and email | 696,465 | 30,212,652 |
Paylocity Holding Corp.(a) Cloud-based payroll and human capital management | 434,328 | 52,475,509 |
Qualys, Inc.(a) Information technology security risk and compliance management solutions | 562,637 | 46,907,047 |
44 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn® Fund, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Synopsys, Inc.(a) Electronic design automation solutions | 129,363 | 18,007,330 |
Zscaler, Inc.(a),(c) Cloud-based internet security platform | 667,176 | 31,023,684 |
Total | 479,564,775 | |
Total Information Technology | 1,024,923,668 | |
Materials 1.0% | ||
Containers & Packaging 1.0% | ||
Avery Dennison Corp. Pressure-sensitive materials and a variety of tickets, tags and labels | 324,021 | 42,388,427 |
Total Materials | 42,388,427 | |
Real Estate 4.4% | ||
Equity Real Estate Investment Trusts (REITS) 1.8% | ||
Americold Realty Trust Temperature-controlled food distribution services | 909,532 | 31,888,192 |
Lamar Advertising Co., Class A Outdoor advertising structures | 486,593 | 43,433,291 |
Total | 75,321,483 | |
Real Estate Management & Development 2.6% | ||
Colliers International Group, Inc. Commercial real estate, residential property management and property services | 635,374 | 49,540,111 |
FirstService Corp. Real estate services | 217,000 | 20,189,680 |
Jones Lang LaSalle, Inc. Real estate and investment management services | 211,256 | 36,777,557 |
Total | 106,507,348 | |
Total Real Estate | 181,828,831 | |
Total Common Stocks (Cost: $3,099,919,034) | 4,115,096,459 | |
Securities Lending Collateral 0.3% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Instutional Shares, 1.512%(d),(e) | 11,246,025 | 11,246,025 |
Total Securities Lending Collateral (Cost: $11,246,025) | 11,246,025 | |
Money Market Funds 1.4% | ||
Columbia Short-Term Cash Fund, 1.699%(b),(d) | 57,996,583 | 57,990,784 |
Total Money Market Funds (Cost: $57,990,784) | 57,990,784 | |
Total Investments in Securities (Cost $3,169,155,843) | 4,184,333,268 | |
Obligation to Return Collateral for Securities Loaned | (11,246,025) | |
Other Assets & Liabilities, Net | (13,924,331) | |
Net Assets | $4,159,162,912 |
Columbia Acorn Family of Funds | Annual Report 2019 | 45 |
Columbia Acorn® Fund, December 31, 2019
(a) | Non-income producing security. |
(b) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Anika Therapeutics, Inc. ‡,† | ||||||||
— | 922,672 | (630,048) | 292,624 | 10,543,860 | — | — | — | |
Central Garden & Pet Co. † | ||||||||
683,522 | — | (683,522) | — | (7,870,504) | 2,815,890 | — | — | |
Columbia Short-Term Cash Fund, 1.699% | ||||||||
41,013,366 | 1,586,762,821 | (1,569,779,604) | 57,996,583 | 9,527 | — | 1,969,461 | 57,990,784 | |
Total of Affiliated Transactions | 2,682,883 | 2,815,890 | 1,969,461 | 57,990,784 |
‡ | Issuer was not an affiliate at the beginning of period. |
† | Issuer was not an affiliate at the end of period. |
(c) | All or a portion of this security was on loan at December 31, 2019. The total market value of securities on loan at December 31, 2019 was $11,301,714. |
(d) | The rate shown is the seven-day current annualized yield at December 31, 2019. |
(e) | Investment made with cash collateral received from securities lending activity. |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
46 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn® Fund, December 31, 2019
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2019:
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 200,982,181 | — | — | 200,982,181 |
Consumer Discretionary | 594,687,087 | — | — | 594,687,087 |
Consumer Staples | 84,724,948 | — | — | 84,724,948 |
Energy | 25,612,274 | — | — | 25,612,274 |
Financials | 345,149,409 | — | — | 345,149,409 |
Health Care | 905,568,675 | — | — | 905,568,675 |
Industrials | 709,230,959 | — | — | 709,230,959 |
Information Technology | 1,024,923,668 | — | — | 1,024,923,668 |
Materials | 42,388,427 | — | — | 42,388,427 |
Real Estate | 181,828,831 | — | — | 181,828,831 |
Total Common Stocks | 4,115,096,459 | — | — | 4,115,096,459 |
Securities Lending Collateral | 11,246,025 | — | — | 11,246,025 |
Money Market Funds | 57,990,784 | — | — | 57,990,784 |
Total Investments in Securities | 4,184,333,268 | — | — | 4,184,333,268 |
Columbia Acorn Family of Funds | Annual Report 2019 | 47 |
Columbia Acorn International®, December 31, 2019
Common Stocks 97.7% | ||
Issuer | Shares | Value ($) |
Australia 4.2% | ||
carsales.com Ltd. Automotive & related industry websites | 3,033,523 | 35,376,283 |
Cleanaway Waste Management Ltd. Waste management services | 11,545,503 | 16,295,487 |
Evolution Mining Ltd. Gold exploration | 3,469,000 | 9,222,112 |
National Storage REIT Owns self storage facilities | 19,549,881 | 25,170,498 |
Star Entertainment Group Ltd. (The) Casinos and hotels | 8,192,000 | 26,427,421 |
Total | 112,491,801 | |
Brazil 3.0% | ||
Ez Tec Empreendimentos e Participacoes SA Residential real estate projects in Sao Paulo | 787,000 | 10,153,703 |
Localiza Rent a Car SA Rents automobiles | 743,610 | 8,763,902 |
Notre Dame Intermedica Participacoes SA Managed health care services | 1,086,000 | 18,425,311 |
Sul America SA Full service insurance company | 1,596,400 | 23,779,126 |
TOTVS SA Software solutions | 1,333,000 | 21,389,900 |
Total | 82,511,942 | |
Cambodia 1.6% | ||
NagaCorp Ltd. Leisure and tourism company | 24,490,000 | 42,771,634 |
Canada 6.5% | ||
Agnico Eagle Mines Ltd. Gold producer | 239,727 | 14,765,211 |
CAE, Inc. Training solutions based on simulation technology and integrated training services | 1,063,934 | 28,168,381 |
CCL Industries, Inc. Manufacturing services and specialty packaging products for the non-durable consumer products market | 1,525,004 | 64,967,249 |
CES Energy Solutions Corp.(a) Oil and natural gas industry | 4,894,311 | 8,781,906 |
Osisko Gold Royalties Ltd. Precious metal royalty and stream company | 1,261,119 | 12,256,226 |
Parex Resources, Inc.(b) Oil and gas exploration and production | 917,300 | 17,059,640 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Pason Systems, Inc. Rental oilfield instrumentation systems | 332,238 | 3,354,234 |
Seven Generations Energy Ltd.(b) Oil and gas resources | 2,227,060 | 14,526,355 |
Winpak Ltd. Packaging materials and machines for the protection of perishables | 369,289 | 13,360,438 |
Total | 177,239,640 | |
China 1.7% | ||
Minth Group Ltd. Exterior automobile body parts | 3,885,000 | 13,718,243 |
New Oriental Education & Technology Group, Inc., ADR(b) Educational services | 156,614 | 18,989,448 |
Shenzhou International Group Holdings Ltd. Manufactures and processes textiles | 971,000 | 14,191,239 |
Total | 46,898,930 | |
Cyprus 0.1% | ||
TCS Group Holding PLC, GDR(c) Online retail financial services | 91,057 | 1,957,725 |
Denmark 2.2% | ||
SimCorp AS Global provider of highly specialised software for the investment management industry | 532,852 | 60,589,084 |
France 0.7% | ||
Akka Technologies High-technology engineering consulting services | 249,511 | 18,405,463 |
Germany 8.8% | ||
Corestate Capital Holding SA(a),(b) Real estate investment company | 396,300 | 16,669,864 |
Eckert & Ziegler Strahlen- und Medizintechnik AG Equipment for the pharmaceutical industry | 93,444 | 19,847,662 |
Hypoport AG(b) Technology service provider | 46,338 | 16,347,030 |
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 98,912 | 28,182,572 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 747,880 | 49,269,187 |
Rational AG Food preparation appliances/processors and kitchen accessories | 52,402 | 41,980,118 |
48 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International®, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Stroeer SE & Co. KGaA Digital multi-channel media company | 334,150 | 26,921,125 |
Varta AG(b) Manufactures and markets a wide range of industrial, commercial and miniaturized batteries | 293,288 | 39,760,165 |
Total | 238,977,723 | |
Hong Kong 0.7% | ||
Vitasoy International Holdings Ltd. Food and beverages | 5,132,000 | 18,616,929 |
India 2.0% | ||
Bandhan Bank Ltd. Commercial bank | 1,454,080 | 10,357,828 |
Cholamandalam Investment and Finance Co., Ltd. Financial services provider | 3,352,635 | 14,351,441 |
Havells India Ltd. Manufactures electrical products | 1,266,099 | 11,479,087 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 4,499,278 | 18,418,648 |
Total | 54,607,004 | |
Ireland 1.3% | ||
UDG Healthcare PLC Commercialisation solutions for health care companies | 3,342,915 | 35,740,681 |
Italy 3.6% | ||
Amplifon SpA Hearing aids | 772,000 | 22,217,591 |
Davide Campari-Milano SpA Global producer & distributor of branded spirits, wines and soft drinks | 1,409,760 | 12,881,392 |
Freni Brembo SpA Braking systems and components | 2,761,807 | 34,289,658 |
Industria Macchine Automatiche SpA Packaging machinery for the food, pharmaceuticals, and cosmetics industries | 401,173 | 28,851,886 |
Total | 98,240,527 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Japan 21.2% | ||
Aeon Credit Service Co., Ltd. Credit card company | 686,500 | 10,816,922 |
Aeon Mall Co., Ltd. Large-scale shopping malls | 1,780,700 | 31,585,221 |
Aica Kogyo Co., Ltd. Manufactures adhesives, melamine boards, and housing materials | 398,100 | 13,136,349 |
Aruhi Corp.(a) Finance services | 662,000 | 13,593,001 |
Azbil Corp. Provides measurement and control technologies | 825,440 | 23,249,107 |
CyberAgent, Inc. Operates websites, internet advertising agency and creates PC and mobile contents | 780,100 | 27,175,397 |
Daifuku Co., Ltd. Material handling equipment | 280,000 | 16,921,765 |
Daiseki Co., Ltd. Waste Disposal & Recycling | 451,700 | 12,995,296 |
Disco Corp. Abrasive and precision industrial machinery for cutting and grinding purposes | 94,700 | 22,237,937 |
Fuji Oil Holdings, Inc. Specialty vegetable oils and fats | 973,100 | 26,175,748 |
Glory Ltd. Vending machines, coin-operated lockers, money handling machines, and data processing terminals | 635,500 | 19,204,202 |
Hikari Tsushin, Inc. Distribution network, telecommunication, office automation equipment, in-house products and individual insurance plans | 207,928 | 52,251,876 |
Hoshizaki Corp. Commercial Kitchen Equipment | 190,000 | 16,940,430 |
Invesco Office J-REIT, Inc. Commercial and office buildings | 72,000 | 14,913,923 |
KH Neochem Co., Ltd. Manufactures and sells petroleum chemical products | 824,000 | 17,570,271 |
Mandom Corp. Cosmetic products for men and women | 812,200 | 22,203,807 |
Milbon Co., Ltd. Hair Products for Salons | 173,800 | 9,854,994 |
Miura Co., Ltd. Industrial boilers and related equipment | 442,300 | 15,282,642 |
Nihon Unisys Ltd. Computers and peripheral equipment | 545,000 | 17,096,105 |
NSD Co., Ltd. Computer software development | 785,400 | 12,932,581 |
Columbia Acorn Family of Funds | Annual Report 2019 | 49 |
Columbia Acorn International®, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Persol Holdings Co., Ltd. Human resource solutions | 846,800 | 15,870,007 |
Santen Pharmaceutical Co., Ltd. Ophthalmic medicine | 1,252,400 | 23,849,638 |
SCSK Corp. IT services | 326,000 | 16,904,523 |
Seiren Co., Ltd. Advertising services | 797,000 | 11,456,684 |
Sekisui Chemical Co., Ltd. Unit residential houses in addition to parcels of land | 1,336,300 | 23,184,681 |
Seria Co., Ltd. Operates 100 yen chain stores | 526,291 | 14,338,024 |
Solasto Corp. Medical related contract services | 2,045,100 | 23,924,123 |
Ushio, Inc. Lamps and optical equipment | 1,268,200 | 18,804,945 |
Valqua Ltd. Rubber, fiber and resin products | 462,800 | 11,085,214 |
Yokogawa Electric Corp. Information technology solutions | 1,113,000 | 19,545,481 |
Total | 575,100,894 | |
Malta 0.6% | ||
Kindred Group PLC Online gambling services | 2,834,312 | 17,357,470 |
Mexico 0.8% | ||
Corporación Inmobiliaria Vesta SAB de CV Real estate owner, developer and asset administrator | 4,801,000 | 8,663,764 |
Grupo Aeroportuario del Sureste SAB de CV, ADR Operates airports in Mexico | 74,379 | 13,937,881 |
Total | 22,601,645 | |
Netherlands 2.7% | ||
Aalberts NV Industrial services and flow control systems | 559,127 | 25,165,111 |
Argenx SE, ADR(b) Anitbody based therapies | 162,000 | 26,004,240 |
IMCD NV Specialty chemicals and food ingredients | 239,000 | 20,926,129 |
Total | 72,095,480 | |
New Zealand 1.3% | ||
Fisher & Paykel Healthcare Corp., Ltd. Heated humidification products and systems | 2,400,000 | 35,918,335 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Philippines 0.4% | ||
Universal Robina Corp. Branded consumer foods | 4,106,730 | 11,757,841 |
Russian Federation 1.1% | ||
TCS Group Holding PLC, GDR Online retail financial services | 1,381,760 | 29,707,840 |
Singapore 1.6% | ||
Mapletree Commercial Trust Singapore-focused real estate investment trust | 13,481,300 | 23,973,168 |
Singapore Exchange Singapore’s Securities and derivatives exchange and clearing houses | 3,049,200 | 20,082,445 |
Total | 44,055,613 | |
South Africa 1.0% | ||
Clicks Group Ltd. Owns and operates chains of retail stores | 663,564 | 12,156,496 |
PSG Group Ltd. Diversified financial services | 874,770 | 14,624,885 |
Total | 26,781,381 | |
South Korea 3.1% | ||
DoubleUGames Co., Ltd.(b) Online and mobile games | 447,574 | 19,232,738 |
Koh Young Technology, Inc.(b) 3D measurement and inspection equipment for testing various machineries | 314,135 | 28,626,009 |
Korea Investment Holdings Co., Ltd.(b) Financial holding company | 365,098 | 22,800,908 |
Korea Zinc Co. Ltd.(b) Non-ferrous metal smelting | 38,662 | 14,207,344 |
Total | 84,866,999 | |
Spain 0.8% | ||
Befesa SA Waste recycling services | 494,857 | 21,037,119 |
Sweden 5.2% | ||
AddTech AB, Class B High-tech industrial components and systems | 38,939 | 1,259,671 |
Dometic Group AB Transportation climate control and convenience products | 1,526,397 | 15,395,774 |
Dustin Group AB IT products and related services | 1,016,691 | 8,157,321 |
Hexagon AB, Class B Design, measurement and visualisation technologies | 699,561 | 39,211,309 |
50 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International®, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sectra AB, Class B(b) Medical and communication systems | 265,000 | 11,131,949 |
Sweco AB, Class B Consulting company specializing in engineering, environmental technology, and architecture | 857,153 | 33,045,601 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 1,742,586 | 31,369,893 |
Total | 139,571,518 | |
Switzerland 3.4% | ||
Belimo Holding AG, Registered Shares Manufactures heating, ventilation and air conditioning equipment | 3,146 | 23,697,396 |
Inficon Holding AG Vacuum instruments used to monitor and control production processes | 29,613 | 23,514,766 |
Kardex AG Storage, warehouse and materials handling systems | 89,964 | 15,152,028 |
Partners Group Holding AG(a) Global private markets asset management firm | 31,016 | 28,427,011 |
Total | 90,791,201 | |
Taiwan 3.3% | ||
Getac Technology Corp. Laptops | 8,428,000 | 13,142,220 |
Grape King Bio Ltd. Beverages, nutrition, pharmaceuticals, syrups and hair care products | 1,228,000 | 7,989,091 |
Parade Technologies Ltd. Fabless semiconductor company | 1,360,000 | 27,956,153 |
Silergy Corp. High performance analog integrated circuits | 260,000 | 8,278,484 |
Sinbon Electronics Co., Ltd. Cable, connectors & modems | 5,740,000 | 23,727,914 |
Voltronic Power Technology Corp. Uninterruptible power supply products, inverters, multiple surface mounted devices and other power products | 350,000 | 8,355,043 |
Total | 89,448,905 | |
Thailand 0.7% | ||
Muangthai Capital PCL, Foreign Registered Shares Commercial lending company | 9,048,400 | 19,230,786 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
United Kingdom 13.1% | ||
Abcam PLC Research-grade antibodies via an online catalog | 1,081,000 | 19,359,185 |
Croda International PLC Diverse range of chemicals and chemical products | 464,133 | 31,527,920 |
Dechra Pharmaceuticals PLC International veterinary pharmaceuticals | 877,027 | 33,721,708 |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 1,079,631 | 30,232,517 |
Intermediate Capital Group PLC Private equity firm | 2,079,382 | 44,351,018 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 6,901,043 | 41,361,887 |
Rightmove PLC Website that lists properties across Britain | 6,931,860 | 58,166,279 |
Safestore Holdings PLC Self storage facilities | 2,552,083 | 27,246,738 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 269,025 | 31,667,879 |
WH Smith PLC Retails books, magazines, newspapers, and periodicals | 1,110,564 | 38,274,243 |
Total | 355,909,374 | |
United States 1.0% | ||
Inter Parfums, Inc. Fragrances and related products | 352,851 | 25,655,796 |
Total Common Stocks (Cost: $1,757,986,296) | 2,650,937,280 | |
Securities Lending Collateral 1.7% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Instutional Shares, 1.512%(d),(e) | 46,598,154 | 46,598,154 |
Total Securities Lending Collateral (Cost: $46,598,154) | 46,598,154 | |
Columbia Acorn Family of Funds | Annual Report 2019 | 51 |
Columbia Acorn International®, December 31, 2019
Money Market Funds 2.0% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 1.699%(d),(f) | 55,986,344 | 55,980,746 |
Total Money Market Funds (Cost: $55,980,746) | 55,980,746 | |
Total Investments in Securities (Cost: $1,860,565,196) | 2,753,516,180 | |
Obligation to Return Collateral for Securities Loaned | (46,598,154) | |
Other Assets & Liabilities, Net | 7,330,152 | |
Net Assets | $2,714,248,178 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
MSCI EAFE Index Future | 333 | 03/2020 | USD | 33,907,725 | 95,124 | — |
MSCI Emerging Markets Index | 151 | 03/2020 | USD | 8,457,510 | 37,712 | — |
Total | 132,836 | — |
(a) | All or a portion of this security was on loan at December 31, 2019. The total market value of securities on loan at December 31, 2019 was $44,403,298. |
(b) | Non-income producing security. |
(c) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. The Fund may invest in private placements determined to be liquid as well as those determined to be illiquid. Private placements may be determined to be liquid under guidelines established by the Fund’s Board of Trustees. At December 31, 2019, the total value of these securities amounted to $1,957,725, which represents 0.07% of total net assets. |
(d) | The rate shown is the seven-day current annualized yield at December 31, 2019. |
(e) | Investment made with cash collateral received from securities lending activity. |
(f) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 1.699% | ||||||||
— | 777,047,609 | (721,061,265) | 55,986,344 | (27) | — | 2,074,574 | 55,980,746 |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
USD | US Dollar |
52 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International®, December 31, 2019
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Australia | — | 112,491,801 | — | 112,491,801 |
Brazil | 82,511,942 | — | — | 82,511,942 |
Cambodia | — | 42,771,634 | — | 42,771,634 |
Canada | 177,239,640 | — | — | 177,239,640 |
China | 18,989,448 | 27,909,482 | — | 46,898,930 |
Cyprus | — | 1,957,725 | — | 1,957,725 |
Denmark | — | 60,589,084 | — | 60,589,084 |
France | — | 18,405,463 | — | 18,405,463 |
Germany | — | 238,977,723 | — | 238,977,723 |
Hong Kong | — | 18,616,929 | — | 18,616,929 |
India | — | 54,607,004 | — | 54,607,004 |
Ireland | — | 35,740,681 | — | 35,740,681 |
Italy | — | 98,240,527 | — | 98,240,527 |
Japan | — | 575,100,894 | — | 575,100,894 |
Malta | — | 17,357,470 | — | 17,357,470 |
Mexico | 22,601,645 | — | — | 22,601,645 |
Netherlands | 26,004,240 | 46,091,240 | — | 72,095,480 |
New Zealand | — | 35,918,335 | — | 35,918,335 |
Philippines | — | 11,757,841 | — | 11,757,841 |
Russian Federation | — | 29,707,840 | — | 29,707,840 |
Singapore | — | 44,055,613 | — | 44,055,613 |
South Africa | — | 26,781,381 | — | 26,781,381 |
South Korea | — | 84,866,999 | — | 84,866,999 |
Spain | — | 21,037,119 | — | 21,037,119 |
Sweden | — | 139,571,518 | — | 139,571,518 |
Switzerland | — | 90,791,201 | — | 90,791,201 |
Taiwan | — | 89,448,905 | — | 89,448,905 |
Thailand | — | 19,230,786 | — | 19,230,786 |
Columbia Acorn Family of Funds | Annual Report 2019 | 53 |
Columbia Acorn International®, December 31, 2019
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
United Kingdom | — | 355,909,374 | — | 355,909,374 |
United States | 25,655,796 | — | — | 25,655,796 |
Total Common Stocks | 353,002,711 | 2,297,934,569 | — | 2,650,937,280 |
Securities Lending Collateral | 46,598,154 | — | — | 46,598,154 |
Money Market Funds | 55,980,746 | — | — | 55,980,746 |
Total Investments in Securities | 455,581,611 | 2,297,934,569 | — | 2,753,516,180 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 132,836 | — | — | 132,836 |
Total | 455,714,447 | 2,297,934,569 | — | 2,753,649,016 |
54 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn USA®, December 31, 2019
Common Stocks 94.2% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 12.3% | ||
Auto Components 3.0% | ||
Dorman Products, Inc.(a) Automotive products and home hardware | 40,368 | 3,056,665 |
LCI Industries Recreational vehicles and equipment | 25,506 | 2,732,458 |
Visteon Corp.(a) Automotive systems, modules and components | 39,412 | 3,412,685 |
Total | 9,201,808 | |
Hotels, Restaurants & Leisure 5.4% | ||
Churchill Downs, Inc. Horse racing company, home of the Kentucky Derby | 30,065 | 4,124,918 |
Dave & Buster’s Entertainment, Inc. Venues that combine dining and entertainment for adults and families | 80,301 | 3,225,691 |
Extended Stay America, Inc. Hotels and motels | 168,696 | 2,506,822 |
Red Rock Resorts, Inc., Class A Casino & entertainment properties | 166,206 | 3,980,634 |
Wendy’s Co. (The) Fast-food restaurants | 129,591 | 2,878,216 |
Total | 16,716,281 | |
Household Durables 2.1% | ||
Helen of Troy Ltd.(a) Brand-name hair and comfort products | 22,359 | 4,019,925 |
Skyline Champion Corp.(a) Factory-built housing | 81,586 | 2,586,276 |
Total | 6,606,201 | |
Leisure Products 0.6% | ||
Brunswick Corp. Consumer products serving the outdoor and indoor active recreation markets | 32,217 | 1,932,376 |
Specialty Retail 1.2% | ||
Boot Barn Holdings, Inc.(a) Western and work gear | 80,193 | 3,570,994 |
Total Consumer Discretionary | 38,027,660 | |
Consumer Staples 4.1% | ||
Beverages 0.7% | ||
Cott Corp. Route based service provider | 165,005 | 2,257,268 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Food & Staples Retailing 0.8% | ||
BJ’s Wholesale Club Holdings, Inc.(a) Warehouse club | 108,504 | 2,467,381 |
Food Products 0.6% | ||
Calavo Growers, Inc. Avocados and other perishable foods | 18,708 | 1,694,758 |
Household Products 1.3% | ||
WD-40 Co. Multi-purpose lubricant products and heavy-duty hand cleaners | 20,398 | 3,960,068 |
Personal Products 0.7% | ||
Inter Parfums, Inc. Fragrances and related products | 30,674 | 2,230,306 |
Total Consumer Staples | 12,609,781 | |
Energy 1.1% | ||
Energy Equipment & Services 0.6% | ||
Core Laboratories NV Reservoir description, production enhancement, and reservoir management services | 46,871 | 1,765,631 |
Oil, Gas & Consumable Fuels 0.5% | ||
Callon Petroleum Co.(a) Independent energy company | 330,000 | 1,593,900 |
Total Energy | 3,359,531 | |
Financials 9.5% | ||
Banks 2.9% | ||
Bank of NT Butterfield & Son Ltd. (The) Community bank and specialized international financial services | 60,330 | 2,233,416 |
Lakeland Financial Corp. Bank holding company | 58,074 | 2,841,561 |
OFG Bancorp Holding company for Oriental Bank | 70,000 | 1,652,700 |
Trico Bancshares Holding company for Tri Counties Bank | 58,462 | 2,385,834 |
Total | 9,113,511 | |
Capital Markets 1.4% | ||
Houlihan Lokey, Inc. Investment bank | 88,416 | 4,320,890 |
Columbia Acorn Family of Funds | Annual Report 2019 | 55 |
Columbia Acorn USA®, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Finance 1.1% | ||
FirstCash, Inc. Owns and operates pawn stores | 42,609 | 3,435,564 |
Insurance 0.6% | ||
Palomar Holdings, Inc.(a) Insurance services | 33,850 | 1,709,086 |
Thrifts & Mortgage Finance 3.5% | ||
Merchants Bancorp Bank holding company | 222,709 | 4,389,594 |
Walker & Dunlop, Inc. Commercial real estate financial services | 98,430 | 6,366,453 |
Total | 10,756,047 | |
Total Financials | 29,335,098 | |
Health Care 26.6% | ||
Biotechnology 10.5% | ||
Agios Pharmaceuticals, Inc.(a) Therapeutics in the field of cancer metabolism | 65,169 | 3,111,820 |
Anika Therapeutics, Inc.(a) Integrated orthopedic medicines company | 65,747 | 3,408,982 |
Argenx SE, ADR(a) Anitbody based therapies | 22,646 | 3,635,136 |
Fate Therapeutics, Inc.(a) Biotechnology services | 164,952 | 3,228,111 |
Immunomedics, Inc.(a) Diagnostic imaging and therapeutic products | 212,432 | 4,495,061 |
Insmed, Inc.(a) Biopharmaceuticals focused on rare diseases | 125,300 | 2,992,164 |
Intercept Pharmaceuticals, Inc.(a) Biopharmaceutical products | 29,775 | 3,689,718 |
Kiniksa Pharmaceuticals Ltd., Class A(a) Clinical-stage biopharmaceutical company | 293,282 | 3,243,699 |
MacroGenics, Inc.(a) Treatments for autoimmune disorders, cancer and infectious diseases | 283,996 | 3,089,876 |
Natera, Inc.(a) Preconception and prenatal genetic testing services | 48,800 | 1,644,072 |
Total | 32,538,639 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Equipment & Supplies 7.0% | ||
Atrion Corp. Medical products and components | 5,513 | 4,143,020 |
AxoGen, Inc.(a) Technologies for peripheral nerve reconstruction and regeneration | 272,861 | 4,881,483 |
Penumbra, Inc.(a) Peripheral vascular & neurovascular devices | 17,738 | 2,913,821 |
SI-BONE, Inc.(a) Medical devices | 170,112 | 3,657,408 |
Tactile Systems Technology, Inc.(a) Technology for treating lymphedema, chronic swelling & venous ulcers | 89,220 | 6,023,242 |
Total | 21,618,974 | |
Health Care Providers & Services 5.8% | ||
Chemed Corp. Hospice and palliative care services | 4,175 | 1,833,911 |
Corvel Corp.(a) Managed care services | 7,931 | 692,852 |
Hanger, Inc.(a) Orthotics and prosthetics | 109,892 | 3,034,118 |
HealthEquity, Inc.(a) Technology-enabled services platforms for consumers to make healthcare saving and spending decisions | 82,392 | 6,102,776 |
National Research Corp., Class A Survey-based healthcare performance, analysis and tracking | 59,012 | 3,891,251 |
Tivity Health, Inc.(a) Health fitness solutions | 124,559 | 2,534,153 |
Total | 18,089,061 | |
Life Sciences Tools & Services 1.2% | ||
NanoString Technologies, Inc.(a) Translational research and molecular diagnostics | 131,410 | 3,655,826 |
Pharmaceuticals 2.1% | ||
Menlo Therapeutics, Inc.(a) Clinical stage bio-pharmaceuticals | 259,628 | 1,204,674 |
Optinose, Inc.(a),(b) Health care services | 260,809 | 2,404,659 |
Theravance Biopharma, Inc.(a) Small molecule medicines | 108,260 | 2,802,851 |
Total | 6,412,184 | |
Total Health Care | 82,314,684 |
56 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn USA®, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Industrials 16.6% | ||
Aerospace & Defense 1.6% | ||
BWX Technologies, Inc. Nuclear components and fuel | 80,549 | 5,000,482 |
Commercial Services & Supplies 3.7% | ||
Brink’s Co. (The) Provides security services globally | 30,068 | 2,726,566 |
Knoll, Inc. Branded office furniture products and textiles | 137,408 | 3,470,926 |
Unifirst Corp. Workplace uniforms and protective clothing | 25,254 | 5,100,803 |
Total | 11,298,295 | |
Construction & Engineering 1.0% | ||
Comfort Systems U.S.A., Inc. Heating, ventilation and air conditioning systems | 61,711 | 3,076,293 |
Electrical Equipment 0.8% | ||
Atkore International Group, Inc.(a) Metal products and electrical raceway solutions | 64,118 | 2,594,214 |
Machinery 3.2% | ||
ITT, Inc. Engineered components & customized technology solutions | 79,873 | 5,903,414 |
SPX Corp.(a) Engineered products and technologies | 80,864 | 4,114,360 |
Total | 10,017,774 | |
Professional Services 2.7% | ||
Exponent, Inc. Science and engineering consulting firm | 64,352 | 4,440,931 |
ICF International, Inc. Management, technology, policy consulting, and implementation services | 44,451 | 4,072,601 |
Total | 8,513,532 | |
Road & Rail 1.0% | ||
Saia, Inc.(a) Trucking transportation | 33,123 | 3,084,414 |
Trading Companies & Distributors 2.6% | ||
Air Lease Corp. Aircraft leasing company | 89,714 | 4,263,209 |
SiteOne Landscape Supply, Inc.(a) Landscape supplies | 40,424 | 3,664,436 |
Total | 7,927,645 | |
Total Industrials | 51,512,649 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Information Technology 17.7% | ||
Electronic Equipment, Instruments & Components 1.6% | ||
Badger Meter, Inc. Flow measurement and control solutions | 26,509 | 1,721,229 |
ePlus, Inc.(a) Provides IT hardware, software and services | 39,260 | 3,309,226 |
Total | 5,030,455 | |
IT Services 2.3% | ||
Endava PLC, ADR(a) IT services | 95,802 | 4,464,373 |
LiveRamp Holdings, Inc.(a) Marketing technology company | 52,000 | 2,499,640 |
Total | 6,964,013 | |
Semiconductors & Semiconductor Equipment 6.6% | ||
Advanced Energy Industries, Inc.(a) Engineered precision power conversion, measurement and control solutions | 75,711 | 5,390,623 |
Impinj, Inc.(a) Radio-frequency identification solutions | 50,171 | 1,297,422 |
Inphi Corp.(a) Analog semiconductor solutions | 46,260 | 3,424,165 |
MKS Instruments, Inc. Instruments and components used to control and analyze gases in semiconductor manufacturing | 22,522 | 2,477,645 |
Onto Innovation, Inc.(a) Process control solutions and inspection systems | 81,044 | 2,961,348 |
Semtech Corp.(a) Analog and mixed-signal semiconductors | 91,335 | 4,831,622 |
Total | 20,382,825 | |
Software 7.2% | ||
Bill.com Holdings, Inc.(a) Infrastructure software | 41,667 | 1,585,429 |
Blackline, Inc.(a) Develops and markets enterprise software | 54,335 | 2,801,513 |
CyberArk Software Ltd.(a) IT security solutions | 35,245 | 4,108,862 |
j2 Global, Inc. Cloud-based communications and storage messaging services | 46,520 | 4,359,389 |
Manhattan Associates, Inc.(a) Information technology solutions for distribution centers | 52,162 | 4,159,920 |
Columbia Acorn Family of Funds | Annual Report 2019 | 57 |
Columbia Acorn USA®, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Mimecast Ltd.(a) Cloud security and risk management services for corporate information and email | 37,169 | 1,612,391 |
Qualys, Inc.(a) Information technology security risk and compliance management solutions | 44,284 | 3,691,957 |
Total | 22,319,461 | |
Total Information Technology | 54,696,754 | |
Materials 2.4% | ||
Chemicals 2.4% | ||
Ingevity Corp.(a) Specialty chemicals | 36,232 | 3,165,952 |
PolyOne Corp. International polymer services company | 113,909 | 4,190,712 |
Total | 7,356,664 | |
Total Materials | 7,356,664 | |
Real Estate 3.9% | ||
Equity Real Estate Investment Trusts (REITS) 2.1% | ||
Coresite Realty Corp. Develops, owns & operates data centers | 18,807 | 2,108,641 |
UMH Properties, Inc. Real estate investment trust | 286,440 | 4,505,701 |
Total | 6,614,342 | |
Real Estate Management & Development 1.8% | ||
Colliers International Group, Inc. Commercial real estate, residential property management and property services | 35,024 | 2,730,821 |
FirstService Corp. Real estate services | 30,308 | 2,819,857 |
Total | 5,550,678 | |
Total Real Estate | 12,165,020 | |
Total Common Stocks (Cost: $229,178,297) | 291,377,841 | |
Limited Partnerships 1.5% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 1.5% | ||
Hotels, Restaurants & Leisure 1.5% | ||
Cedar Fair LP Owns and operates amusement parks | 83,261 | 4,615,990 |
Total Consumer Discretionary | 4,615,990 | |
Total Limited Partnerships (Cost: $4,353,694) | 4,615,990 | |
Securities Lending Collateral 0.4% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Instutional Shares, 1.512%(c),(d) | 1,229,360 | 1,229,360 |
Total Securities Lending Collateral (Cost: $1,229,360) | 1,229,360 | |
Money Market Funds 4.3% | ||
Columbia Short-Term Cash Fund, 1.699%(c),(e) | 13,293,422 | 13,292,093 |
Total Money Market Funds (Cost: $13,292,093) | 13,292,093 | |
Total Investments in Securities (Cost $248,053,444) | 310,515,284 | |
Obligation to Return Collateral for Securities Loaned | (1,229,360) | |
Other Assets & Liabilities, Net | 112,383 | |
Net Assets | $309,398,307 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2019. The total market value of securities on loan at December 31, 2019 was $1,133,470. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2019. |
(d) | Investment made with cash collateral received from securities lending activity. |
58 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn USA®, December 31, 2019
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 1.699% | ||||||||
6,552,142 | 163,114,827 | (156,373,547) | 13,293,422 | (383) | — | 208,687 | 13,292,093 |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Consumer Discretionary | 38,027,660 | — | — | 38,027,660 |
Consumer Staples | 12,609,781 | — | — | 12,609,781 |
Energy | 3,359,531 | — | — | 3,359,531 |
Financials | 29,335,098 | — | — | 29,335,098 |
Health Care | 82,314,684 | — | — | 82,314,684 |
Industrials | 51,512,649 | — | — | 51,512,649 |
Information Technology | 54,696,754 | — | — | 54,696,754 |
Columbia Acorn Family of Funds | Annual Report 2019 | 59 |
Columbia Acorn USA®, December 31, 2019
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Materials | 7,356,664 | — | — | 7,356,664 |
Real Estate | 12,165,020 | — | — | 12,165,020 |
Total Common Stocks | 291,377,841 | — | — | 291,377,841 |
Limited Partnerships | ||||
Consumer Discretionary | 4,615,990 | — | — | 4,615,990 |
Total Limited Partnerships | 4,615,990 | — | — | 4,615,990 |
Securities Lending Collateral | 1,229,360 | — | — | 1,229,360 |
Money Market Funds | 13,292,093 | — | — | 13,292,093 |
Total Investments in Securities | 310,515,284 | — | — | 310,515,284 |
60 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International SelectSM, December 31, 2019
Common Stocks 98.9% | ||
Issuer | Shares | Value ($) |
Australia 2.1% | ||
Star Entertainment Group Ltd. (The) Casinos and hotels | 952,519 | 3,072,830 |
Brazil 4.5% | ||
Sul America SA Full service insurance company | 219,500 | 3,269,555 |
TOTVS SA Software solutions | 207,700 | 3,332,845 |
Total | 6,602,400 | |
Canada 5.7% | ||
CAE, Inc. Training solutions based on simulation technology and integrated training services | 104,460 | 2,765,650 |
CCL Industries, Inc. Manufacturing services and specialty packaging products for the non-durable consumer products market | 132,562 | 5,647,322 |
Total | 8,412,972 | |
China 6.3% | ||
NetEase, Inc., ADR Internet technology company that develops applications, services and Internet technologies | 9,366 | 2,871,990 |
New Oriental Education & Technology Group, Inc., ADR(a) Educational services | 29,301 | 3,552,747 |
Shenzhou International Group Holdings Ltd. Manufactures and processes textiles | 199,600 | 2,917,169 |
Total | 9,341,906 | |
Germany 9.1% | ||
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 16,255 | 4,631,468 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 87,718 | 5,778,727 |
Varta AG(a) Manufactures and markets a wide range of industrial, commercial and miniaturized batteries | 23,187 | 3,143,391 |
Total | 13,553,586 | |
Hong Kong 1.6% | ||
Vitasoy International Holdings Ltd. Food and beverages | 662,000 | 2,401,482 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
India 3.3% | ||
Cholamandalam Investment and Finance Co., Ltd. Financial services provider | 646,573 | 2,767,749 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 530,012 | 2,169,705 |
Total | 4,937,454 | |
Italy 3.7% | ||
Davide Campari-Milano SpA Global producer & distributor of branded spirits, wines and soft drinks | 279,694 | 2,555,646 |
Nexi SpA(a) Payment services | 207,000 | 2,875,546 |
Total | 5,431,192 | |
Japan 21.4% | ||
Aeon Credit Service Co., Ltd. Credit card company | 184,900 | 2,913,400 |
Aeon Mall Co., Ltd. Large-scale shopping malls | 202,700 | 3,595,398 |
CyberAgent, Inc. Operates websites, internet advertising agency and creates PC and mobile contents | 72,400 | 2,522,111 |
Fuji Oil Holdings, Inc. Specialty vegetable oils and fats | 96,600 | 2,598,476 |
Hikari Tsushin, Inc. Distribution network, telecommunication, office automation equipment, in-house products and individual insurance plans | 18,700 | 4,699,271 |
Nihon Unisys Ltd. Computers and peripheral equipment | 43,000 | 1,348,867 |
Obic Co., Ltd. Computer system integration, office automation, consultation, and system support services | 23,400 | 3,151,999 |
Recruit Holdings Co., Ltd. Information providing services in human resource, housing, bridal, travel, restaurants, beauty, automobiles, and education and more | 128,600 | 4,816,758 |
Santen Pharmaceutical Co., Ltd. Ophthalmic medicine | 150,600 | 2,867,898 |
Sekisui Chemical Co., Ltd. Unit residential houses in addition to parcels of land | 179,600 | 3,116,043 |
Total | 31,630,221 |
Columbia Acorn Family of Funds | Annual Report 2019 | 61 |
Columbia Acorn International SelectSM, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Malta 1.0% | ||
Kindred Group PLC Online gambling services | 252,706 | 1,547,584 |
Netherlands 4.8% | ||
Koninklijke Philips NV Health technology focused on improving people’s health | 146,427 | 7,157,895 |
Singapore 2.1% | ||
Mapletree Commercial Trust Singapore-focused real estate investment trust | 1,726,700 | 3,070,510 |
South Korea 3.9% | ||
Koh Young Technology, Inc.(a) 3D measurement and inspection equipment for testing various machineries | 33,000 | 3,007,173 |
Korea Investment Holdings Co., Ltd.(a) Financial holding company | 45,033 | 2,812,377 |
Total | 5,819,550 | |
Sweden 6.8% | ||
Hexagon AB, Class B Design, measurement and visualisation technologies | 115,240 | 6,459,353 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 200,569 | 3,610,627 |
Total | 10,069,980 | |
Switzerland 5.4% | ||
Belimo Holding AG, Registered Shares Manufactures heating, ventilation and air conditioning equipment | 524 | 3,947,055 |
Partners Group Holding AG Global private markets asset management firm | 4,423 | 4,053,801 |
Total | 8,000,856 | |
Taiwan 2.1% | ||
Largan Precision Co., Ltd. Optical lens modules and optoelectronic components | 19,000 | 3,173,726 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
United Kingdom 15.1% | ||
Croda International PLC Diverse range of chemicals and chemical products | 46,968 | 3,190,472 |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 112,058 | 3,137,920 |
Intermediate Capital Group PLC Private equity firm | 143,552 | 3,061,812 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 720,782 | 4,320,058 |
Rightmove PLC Website that lists properties across Britain | 609,928 | 5,117,998 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 30,175 | 3,552,005 |
Total | 22,380,265 | |
Total Common Stocks (Cost: $108,017,007) | 146,604,409 | |
Money Market Funds 0.8% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 1.699%(b),(c) | 1,151,656 | 1,151,541 |
Total Money Market Funds (Cost: $1,151,541) | 1,151,541 | |
Total Investments in Securities (Cost: $109,168,548) | 147,755,950 | |
Other Assets & Liabilities, Net | 402,681 | |
Net Assets | $148,158,631 |
62 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International SelectSM, December 31, 2019
(a) | Non-income producing security. |
(b) | The rate shown is the seven-day current annualized yield at December 31, 2019. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 1.699% | ||||||||
3,482,775 | 51,579,204 | (53,910,323) | 1,151,656 | 222 | — | 76,841 | 1,151,541 |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Australia | — | 3,072,830 | — | 3,072,830 |
Brazil | 6,602,400 | — | — | 6,602,400 |
Canada | 8,412,972 | — | — | 8,412,972 |
China | 6,424,737 | 2,917,169 | — | 9,341,906 |
Germany | — | 13,553,586 | — | 13,553,586 |
Hong Kong | — | 2,401,482 | — | 2,401,482 |
India | — | 4,937,454 | — | 4,937,454 |
Italy | — | 5,431,192 | — | 5,431,192 |
Japan | — | 31,630,221 | — | 31,630,221 |
Malta | — | 1,547,584 | — | 1,547,584 |
Columbia Acorn Family of Funds | Annual Report 2019 | 63 |
Columbia Acorn International SelectSM, December 31, 2019
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Netherlands | — | 7,157,895 | — | 7,157,895 |
Singapore | — | 3,070,510 | — | 3,070,510 |
South Korea | — | 5,819,550 | — | 5,819,550 |
Sweden | — | 10,069,980 | — | 10,069,980 |
Switzerland | — | 8,000,856 | — | 8,000,856 |
Taiwan | — | 3,173,726 | — | 3,173,726 |
United Kingdom | — | 22,380,265 | — | 22,380,265 |
Total Common Stocks | 21,440,109 | 125,164,300 | — | 146,604,409 |
Money Market Funds | 1,151,541 | — | — | 1,151,541 |
Total Investments in Securities | 22,591,650 | 125,164,300 | — | 147,755,950 |
64 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn SelectSM, December 31, 2019
Common Stocks 99.3% | ||
Issuer | Shares | Value ($) |
Communication Services 5.9% | ||
Entertainment 5.9% | ||
Madison Square Garden Co. (The), Class A(a) Sports, entertainment and media | 19,523 | 5,743,471 |
Zynga, Inc., Class A(a) Social gaming company | 1,521,899 | 9,314,022 |
Total | 15,057,493 | |
Total Communication Services | 15,057,493 | |
Consumer Discretionary 10.7% | ||
Hotels, Restaurants & Leisure 2.1% | ||
Extended Stay America, Inc. Hotels and motels | 356,549 | 5,298,318 |
Internet & Direct Marketing Retail 2.5% | ||
Wayfair, Inc., Class A(a) Retails household goods online | 69,000 | 6,235,530 |
Specialty Retail 6.1% | ||
Five Below, Inc.(a) Specialty value retailer | 78,425 | 10,027,421 |
Ulta Beauty, Inc.(a) Chain of beauty stores | 22,100 | 5,594,394 |
Total | 15,621,815 | |
Total Consumer Discretionary | 27,155,663 | |
Consumer Staples 2.0% | ||
Food & Staples Retailing 2.0% | ||
BJ’s Wholesale Club Holdings, Inc.(a) Warehouse club | 225,007 | 5,116,659 |
Total Consumer Staples | 5,116,659 | |
Financials 10.4% | ||
Banks 3.9% | ||
SVB Financial Group(a) Holding company for Silicon Valley Bank | 39,857 | 10,005,702 |
Capital Markets 3.5% | ||
Ares Management Corp., Class A Asset management firm | 246,367 | 8,792,838 |
Thrifts & Mortgage Finance 3.0% | ||
Walker & Dunlop, Inc. Commercial real estate financial services | 116,700 | 7,548,156 |
Total Financials | 26,346,696 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care 27.7% | ||
Biotechnology 5.9% | ||
Agios Pharmaceuticals, Inc.(a) Therapeutics in the field of cancer metabolism | 73,400 | 3,504,850 |
Fate Therapeutics, Inc.(a) Biotechnology services | 151,800 | 2,970,726 |
Kiniksa Pharmaceuticals Ltd., Class A(a) Clinical-stage biopharmaceutical company | 113,392 | 1,254,115 |
Seattle Genetics, Inc.(a) Monoclonal antibody-based drugs to treat cancer and related diseases | 63,961 | 7,308,184 |
Total | 15,037,875 | |
Health Care Equipment & Supplies 9.8% | ||
AxoGen, Inc.(a) Technologies for peripheral nerve reconstruction and regeneration | 330,600 | 5,914,434 |
Masimo Corp.(a) Medical signal processing and sensor technology for non-invasive monitoring of physiological parameters | 70,312 | 11,113,515 |
Tactile Systems Technology, Inc.(a) Technology for treating lymphedema, chronic swelling & venous ulcers | 115,261 | 7,781,270 |
Total | 24,809,219 | |
Health Care Providers & Services 7.9% | ||
Chemed Corp. Hospice and palliative care services | 23,536 | 10,338,424 |
Encompass Health Corp. Inpatient rehabilitative healthcare services | 139,205 | 9,642,730 |
Total | 19,981,154 | |
Life Sciences Tools & Services 2.8% | ||
Pra Health Sciences, Inc.(a) Global contract research organization | 62,760 | 6,975,774 |
Pharmaceuticals 1.3% | ||
Optinose, Inc.(a),(b) Health care services | 368,142 | 3,394,269 |
Total Health Care | 70,198,291 | |
Industrials 15.2% | ||
Construction & Engineering 2.1% | ||
Comfort Systems U.S.A., Inc. Heating, ventilation and air conditioning systems | 107,875 | 5,377,569 |
Columbia Acorn Family of Funds | Annual Report 2019 | 65 |
Columbia Acorn SelectSM, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Electrical Equipment 3.1% | ||
Atkore International Group, Inc.(a) Metal products and electrical raceway solutions | 196,950 | 7,968,597 |
Machinery 6.9% | ||
ITT, Inc. Engineered components & customized technology solutions | 91,376 | 6,753,600 |
SPX Corp.(a) Engineered products and technologies | 210,850 | 10,728,048 |
Total | 17,481,648 | |
Trading Companies & Distributors 3.1% | ||
Air Lease Corp. Aircraft leasing company | 164,299 | 7,807,488 |
Total Industrials | 38,635,302 | |
Information Technology 24.7% | ||
Electronic Equipment, Instruments & Components 2.2% | ||
Cognex Corp. Machine vision systems | 98,186 | 5,502,344 |
IT Services 8.2% | ||
Gartner, Inc.(a) Research and analysis on computer hardware, software, communications, and information technology | 41,289 | 6,362,635 |
GoDaddy, Inc., Class A(a) Cloud-based web platform for small businesses, web design professionals and individuals | 133,798 | 9,087,560 |
LiveRamp Holdings, Inc.(a) Marketing technology company | 113,000 | 5,431,910 |
Total | 20,882,105 | |
Semiconductors & Semiconductor Equipment 3.4% | ||
MKS Instruments, Inc. Instruments and components used to control and analyze gases in semiconductor manufacturing | 77,440 | 8,519,174 |
Software 10.9% | ||
Alteryx, Inc., Class A(a) Data storage, retrieval, management, reporting, and analytics solutions | 84,650 | 8,470,926 |
Cadence Design Systems, Inc.(a) Software technology, design and consulting services and technology | 131,700 | 9,134,712 |
Qualys, Inc.(a) Information technology security risk and compliance management solutions | 121,050 | 10,091,938 |
Total | 27,697,576 | |
Total Information Technology | 62,601,199 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 2.7% | ||
Equity Real Estate Investment Trusts (REITS) 2.7% | ||
UMH Properties, Inc. Real estate investment trust | 435,748 | 6,854,316 |
Total Real Estate | 6,854,316 | |
Total Common Stocks (Cost: $205,303,714) | 251,965,619 | |
Securities Lending Collateral 0.3% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Instutional Shares, 1.512%(c),(d) | 789,000 | 789,000 |
Total Securities Lending Collateral (Cost: $789,000) | 789,000 | |
Money Market Funds 0.3% | ||
Columbia Short-Term Cash Fund, 1.699%(c),(e) | 745,920 | 745,845 |
Total Money Market Funds (Cost: $745,845) | 745,845 | |
Total Investments in Securities (Cost $206,838,559) | 253,500,464 | |
Obligation to Return Collateral for Securities Loaned | (789,000) | |
Other Assets & Liabilities, Net | 1,135,531 | |
Net Assets | $253,846,995 |
66 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn SelectSM, December 31, 2019
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2019. The total market value of securities on loan at December 31, 2019 was $727,458. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2019. |
(d) | Investment made with cash collateral received from securities lending activity. |
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 1.699% | ||||||||
5,598,686 | 172,111,974 | (176,964,740) | 745,920 | 158 | — | 118,587 | 745,845 |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 15,057,493 | — | — | 15,057,493 |
Consumer Discretionary | 27,155,663 | — | — | 27,155,663 |
Consumer Staples | 5,116,659 | — | — | 5,116,659 |
Financials | 26,346,696 | — | — | 26,346,696 |
Health Care | 70,198,291 | — | — | 70,198,291 |
Industrials | 38,635,302 | — | — | 38,635,302 |
Information Technology | 62,601,199 | — | — | 62,601,199 |
Real Estate | 6,854,316 | — | — | 6,854,316 |
Total Common Stocks | 251,965,619 | — | — | 251,965,619 |
Securities Lending Collateral | 789,000 | — | — | 789,000 |
Money Market Funds | 745,845 | — | — | 745,845 |
Total Investments in Securities | 253,500,464 | — | — | 253,500,464 |
Columbia Acorn Family of Funds | Annual Report 2019 | 67 |
Columbia Thermostat FundSM, December 31, 2019
Equity Funds 19.7% | ||
Issuer | Shares | Value ($) |
Dividend Income 2.0% | ||
Columbia Dividend Income Fund, Institutional 3 Class(a) | 573,097 | 14,264,391 |
Total Dividend Income | 14,264,391 | |
International Small Mid Cap 2.0% | ||
Columbia Acorn International®, Institutional 3 Class(a) | 413,525 | 14,336,928 |
Total International Small Mid Cap | 14,336,928 | |
U.S. Large Cap 11.8% | ||
Columbia Contrarian Core Fund, Institutional 3 Class(a) | 520,355 | 14,273,333 |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class(a) | 562,946 | 14,253,804 |
Columbia Large Cap Index Fund, Institutional 3 Class(a) | 1,122,403 | 57,074,167 |
Total U.S. Large Cap | 85,601,304 | |
U.S. Mid Cap 1.9% | ||
Columbia Acorn SelectSM, Institutional 3 Class(a),(b) | 934,588 | 14,215,080 |
Total U.S. Mid Cap | 14,215,080 | |
U.S. Small Mid Cap 2.0% | ||
Columbia Acorn® Fund, Institutional 3 Class(a),(b) | 898,189 | 14,254,256 |
Total U.S. Small Mid Cap | 14,254,256 | |
Total Equity Funds (Cost: $116,911,429) | 142,671,959 | |
Exchange-Traded Fixed Income Funds 7.9% | ||
Multisector 7.9% | ||
Columbia Diversified Fixed Income Allocation ETF(a) | 2,750,083 | 57,229,227 |
Total Multisector | 57,229,227 | |
Total Exchange-Traded Fixed Income Funds (Cost: $54,312,137) | 57,229,227 | |
Fixed Income Funds 71.1% | ||
Issuer | Shares | Value ($) |
Inflation Protected Securities 7.9% | ||
Columbia Inflation Protected Securities Fund, Institutional 3 Class(a),(b) | 5,817,386 | 57,184,897 |
Total Inflation Protected Securities | 57,184,897 | |
Investment Grade 63.2% | ||
Columbia Corporate Income Fund, Institutional 3 Class(a) | 5,328,073 | 57,276,785 |
Columbia Quality Income Fund, Institutional 3 Class(a) | 20,667,880 | 114,706,732 |
Columbia Short Term Bond Fund, Institutional 3 Class(a),(b) | 8,617,919 | 86,093,014 |
Columbia U.S. Treasury Index Fund, Institutional 3 Class(a) | 17,495,440 | 200,147,836 |
Total Investment Grades | 458,224,367 | |
Total Fixed Income Funds (Cost: $500,293,577) | 515,409,264 | |
Money Market Funds 0.9% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 1.699%(a),(c) | 6,263,810 | 6,263,184 |
Total Money Market Funds (Cost: $6,263,184) | 6,263,184 | |
Total Investments in Securities (Cost $677,780,327) | 721,573,634 | |
Other Assets & Liabilities, Net | 2,815,138 | |
Net Assets | $724,388,772 |
68 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Thermostat FundSM, December 31, 2019
(a) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | 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 | 1,602,177 | (1,498,821) | 413,525 | 1,474,562 | 1,966,953 | 431,231 | 2,303,950 | 14,336,928 | |
Columbia Acorn SelectSM, Institutional 3 Class | |||||||||
675,954 | 3,747,789 | (3,489,155) | 934,588 | 1,846,257 | 2,815,610 | — | 1,728,665 | 14,215,080 | |
Columbia Acorn® Fund, Institutional 3 Class | |||||||||
626,508 | 3,385,568 | (3,113,887) | 898,189 | 795,839 | 2,251,719 | — | 2,343,110 | 14,254,256 | |
Columbia Contrarian Core Fund, Institutional 3 Class | |||||||||
405,496 | 2,074,737 | (1,959,878) | 520,355 | 2,733,978 | 2,740,528 | 206,540 | 819,449 | 14,273,333 | |
Columbia Corporate Income Fund, Institutional 3 Class | |||||||||
5,784,658 | 4,846,346 | (5,302,931) | 5,328,073 | 23,357 | 5,121,500 | 1,657,159 | — | 57,276,785 | |
Columbia Diversified Fixed Income Allocation ETF | |||||||||
2,936,569 | 2,476,459 | (2,662,945) | 2,750,083 | (152,307) | 4,319,741 | 1,640,541 | — | 57,229,227 | |
Columbia Dividend Income Fund, Institutional 3 Class | |||||||||
453,812 | 2,272,458 | (2,153,173) | 573,097 | 2,685,261 | 2,473,341 | 407,831 | 191,357 | 14,264,391 | |
Columbia Inflation Protected Securities Fund, Institutional 3 Class | |||||||||
— | 7,837,213 | (2,019,827) | 5,817,386 | 134,394 | 1,971,512 | — | — | 57,184,897 | |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class | |||||||||
425,513 | 2,249,246 | (2,111,813) | 562,946 | 2,177,519 | 2,426,897 | 225,066 | 773,023 | 14,253,804 | |
Columbia Large Cap Index Fund, Institutional 3 Class | |||||||||
834,492 | 4,453,008 | (4,165,097) | 1,122,403 | 4,190,095 | 11,286,238 | 1,559,742 | 8,491,065 | 57,074,167 | |
Columbia Quality Income Fund, Institutional 3 Class | |||||||||
20,836,213 | 19,629,742 | (19,798,075) | 20,667,880 | 147,939 | 3,591,553 | 3,000,520 | — | 114,706,732 | |
Columbia Short Term Bond Fund, Institutional 3 Class | |||||||||
14,104,862 | 10,248,573 | (15,735,516) | 8,617,919 | 342,351 | 1,560,035 | 3,163,923 | — | 86,093,014 | |
Columbia Short-Term Cash Fund, 1.699% | |||||||||
— | 97,759,866 | (91,496,056) | 6,263,810 | 309 | — | 109,567 | — | 6,263,184 | |
Columbia U.S. Treasury Index Fund, Institutional 3 Class | |||||||||
17,758,369 | 16,644,087 | (16,907,016) | 17,495,440 | 2,188,471 | 4,928,744 | 3,572,403 | — | 200,147,836 | |
Total of Affiliated Transactions | 18,588,025 | 47,454,371 | 15,974,523 | 16,650,619 | 721,573,634 |
(b) | Non-income producing security. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 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) |
Columbia Acorn Family of Funds | Annual Report 2019 | 69 |
Columbia Thermostat FundSM, December 31, 2019
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 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Equity Funds | 142,671,959 | — | — | 142,671,959 |
Exchange-Traded Fixed Income Funds | 57,229,227 | — | — | 57,229,227 |
Fixed Income Funds | 515,409,264 | — | — | 515,409,264 |
Money Market Funds | 6,263,184 | — | — | 6,263,184 |
Total Investments in Securities | 721,573,634 | — | — | 721,573,634 |
70 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn Emerging Markets FundSM, December 31, 2019
Common Stocks 96.6% | ||
Issuer | Shares | Value ($) |
Brazil 12.6% | ||
Ez Tec Empreendimentos e Participacoes SA Residential real estate projects in Sao Paulo | 27,000 | 348,348 |
Localiza Rent a Car SA Rents automobiles | 69,405 | 817,981 |
Magazine Luiza SA Multichannel retail platform | 27,000 | 320,158 |
Multiplan Empreendimentos Imobiliarios SA Builds and markets real estate | 78,000 | 641,808 |
Notre Dame Intermedica Participacoes SA Managed health care services | 81,000 | 1,374,263 |
Sul America SA Full service insurance company | 141,200 | 2,103,240 |
TOTVS SA Software solutions | 96,000 | 1,540,458 |
Total | 7,146,256 | |
Cambodia 2.7% | ||
NagaCorp Ltd. Leisure and tourism company | 863,000 | 1,507,224 |
Canada 0.6% | ||
Parex Resources, Inc.(a) Oil and gas exploration and production | 18,500 | 344,057 |
China 9.6% | ||
3SBio, Inc.(a) Mammalian cell-based biopharmaceuticals | 117,000 | 151,575 |
51job, Inc., ADR(a) Integrated human resource services | 7,057 | 599,139 |
58.Com, Inc., ADR(a) Local life service platform | 8,700 | 563,151 |
China Medical System Holdings Ltd. Pharmaceutical and medical products | 597,000 | 859,321 |
Minth Group Ltd. Exterior automobile body parts | 169,000 | 596,752 |
New Oriental Education & Technology Group, Inc., ADR(a) Educational services | 10,831 | 1,313,259 |
Shenzhou International Group Holdings Ltd. Manufactures and processes textiles | 40,000 | 584,603 |
TravelSky Technology Ltd., Class H IT solutions for China’s air travel and tourism industries | 122,000 | 297,826 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Xiabuxiabu Catering Management China Holdings Co., Ltd.(a),(b) Chain of restaurants in China | 348,500 | 456,331 |
Total | 5,421,957 | |
Egypt 1.5% | ||
Commercial International Bank of Egypt Provides a range of financial services | 160,591 | 830,671 |
Hong Kong 5.5% | ||
ASM Pacific Technology Ltd. Machines, tools & materials used in the semiconductor industry | 34,700 | 481,649 |
Stella International Holdings Ltd. Footwear products | 426,500 | 684,169 |
Value Partners Group Ltd. Independent, value oriented asset management group | 1,058,000 | 652,141 |
Vitasoy International Holdings Ltd. Food and beverages | 360,000 | 1,305,942 |
Total | 3,123,901 | |
India 9.1% | ||
Bandhan Bank Ltd. Commercial bank | 101,785 | 725,044 |
Cholamandalam Investment and Finance Co., Ltd. Financial services provider | 270,755 | 1,159,006 |
Havells India Ltd. Manufactures electrical products | 58,028 | 526,111 |
Info Edge India Ltd. Online job posting website | 11,400 | 404,081 |
PI Industries Ltd. Agricultural and fine chemicals and polymers | 27,642 | 559,941 |
Shriram Transport Finance Co., Ltd. Finance for trucks | 18,000 | 295,326 |
Tube Investments of India Ltd. Fabricated metal products | 53,000 | 357,600 |
Zee Entertainment Enterprises Ltd. Hindi films, serials, game shows and children’s programs | 271,889 | 1,113,029 |
Total | 5,140,138 |
Columbia Acorn Family of Funds | Annual Report 2019 | 71 |
Columbia Acorn Emerging Markets FundSM, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Indonesia 3.7% | ||
PT Link Net Tbk High-speed internet connection through fiber optic lines | 3,135,800 | 894,491 |
PT Tower Bersama Infrastructure Tbk Telecommunication infrastructure services to Indonesian wireless carriers | 13,536,500 | 1,198,437 |
Total | 2,092,928 | |
Malaysia 0.9% | ||
AEON Credit Service M Bhd Consumer financing products | 150,000 | 518,519 |
Mexico 4.4% | ||
Corporación Inmobiliaria Vesta SAB de CV Real estate owner, developer and asset administrator | 448,000 | 808,449 |
Qualitas Controladora SAB de CV Insurance holding company | 393,459 | 1,657,283 |
Total | 2,465,732 | |
Philippines 2.4% | ||
D&L Industries, Inc. Customized raw materials | 1,619,400 | 303,767 |
Security Bank Corp. Financial products & services | 215,530 | 829,222 |
Universal Robina Corp. Branded consumer foods | 80,000 | 229,045 |
Total | 1,362,034 | |
Poland 1.5% | ||
KRUK SA Debt collection services | 19,887 | 878,007 |
Russian Federation 2.5% | ||
TCS Group Holding PLC, GDR Online retail financial services | 65,474 | 1,407,691 |
South Africa 5.6% | ||
Clicks Group Ltd. Owns and operates chains of retail stores | 79,544 | 1,457,246 |
Pepkor Holdings Ltd. Retails household products | 239,435 | 308,910 |
PSG Group Ltd. Diversified financial services | 82,879 | 1,385,617 |
Total | 3,151,773 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
South Korea 12.4% | ||
DoubleUGames Co., Ltd.(a) Online and mobile games | 35,000 | 1,503,988 |
KEPCO Plant Service & Engineering Co., Ltd.(a) Power Plant & Grid Maintenance | 29,000 | 981,798 |
Koh Young Technology, Inc.(a) 3D measurement and inspection equipment for testing various machineries | 25,500 | 2,323,725 |
Korea Investment Holdings Co., Ltd.(a) Financial holding company | 26,249 | 1,639,289 |
Korea Zinc Co. Ltd.(a) Non-ferrous metal smelting | 1,561 | 573,629 |
Total | 7,022,429 | |
Taiwan 15.9% | ||
Basso Industry Corp. Pneumatic nailers and staplers | 390,000 | 639,916 |
Chailease Holding Co., Ltd. Financing services | 89,420 | 412,212 |
Getac Technology Corp. Laptops | 475,000 | 740,692 |
Grape King Bio Ltd. Beverages, nutrition, pharmaceuticals, syrups and hair care products | 122,000 | 793,704 |
Largan Precision Co., Ltd. Optical lens modules and optoelectronic components | 9,000 | 1,503,344 |
Parade Technologies Ltd. Fabless semiconductor company | 58,000 | 1,192,248 |
Silergy Corp. High performance analog integrated circuits | 17,000 | 541,286 |
Sinbon Electronics Co., Ltd. Cable, connectors & modems | 428,000 | 1,769,259 |
Voltronic Power Technology Corp. Uninterruptible power supply products, inverters, multiple surface mounted devices and other power products | 59,850 | 1,428,712 |
Total | 9,021,373 | |
Thailand 4.1% | ||
Bangkok Chain Hospital PCL, Foreign Registered Shares Chain of hospitals in Thailand | 1,574,000 | 897,370 |
Mega Lifesciences PCL, Foreign Registered Shares Nutritional and herbal supplement, OTC and ethical drugs | 755,000 | 654,498 |
Muangthai Capital PCL, Foreign Registered Shares Commercial lending company | 374,700 | 796,359 |
Total | 2,348,227 |
72 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn Emerging Markets FundSM, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Turkey 1.1% | ||
Logo Yazilim Sanayi Ve Ticaret AS(a) Enterprise resource planning software | 59,775 | 610,593 |
United Kingdom 0.5% | ||
ASA International Group PLC Micro financing company | 87,500 | 307,721 |
Total Common Stocks (Cost: $42,490,057) | 54,701,231 | |
Securities Lending Collateral 0.4% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Instutional Shares, 1.512%(c),(d) | 242,900 | 242,900 |
Total Securities Lending Collateral (Cost: $242,900) | 242,900 | |
Money Market Funds 3.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 1.699%(c),(e) | 1,956,200 | 1,956,005 |
Total Money Market Funds (Cost: $1,956,005) | 1,956,005 | |
Total Investments in Securities (Cost: $44,688,962) | 56,900,136 | |
Obligation to Return Collateral for Securities Loaned | (242,900) | |
Other Assets & Liabilities, Net | (20,600) | |
Net Assets | $56,636,636 |
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2019. The total market value of securities on loan at December 31, 2019 was $227,259. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2019. |
(d) | Investment made with cash collateral received from securities lending activity. |
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 1.699% | ||||||||
1,107,016 | 19,067,784 | (18,218,600) | 1,956,200 | 18 | — | 36,374 | 1,956,005 |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Annual Report 2019 | 73 |
Columbia Acorn Emerging Markets FundSM, December 31, 2019
Examples of the types of securities in which the Fund would typically invest and how they are classified within this hierarchy are as follows. Typical Level 1 securities include exchange traded domestic equities, mutual funds whose net asset values are published each day and exchange traded foreign equities that are not typically statistically fair valued. Typical Level 2 securities include exchange traded foreign equities that are traded in the European region or Asia Pacific region time zones which are typically statistically fair valued, forward foreign currency exchange contracts and short-term investments valued at amortized cost. Additionally, securities fair valued by Columbia Wanger Asset Management’s Valuation Committee (the Committee) that rely on significant observable inputs are also included in Level 2. Typical Level 3 securities include any security fair valued by the Committee that relies on significant unobservable inputs.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Brazil | 7,146,256 | — | — | 7,146,256 |
Cambodia | — | 1,507,224 | — | 1,507,224 |
Canada | 344,057 | — | — | 344,057 |
China | 2,475,549 | 2,946,408 | — | 5,421,957 |
Egypt | — | 830,671 | — | 830,671 |
Hong Kong | — | 3,123,901 | — | 3,123,901 |
India | — | 5,140,138 | — | 5,140,138 |
Indonesia | — | 2,092,928 | — | 2,092,928 |
Malaysia | — | 518,519 | — | 518,519 |
Mexico | 2,465,732 | — | — | 2,465,732 |
Philippines | — | 1,362,034 | — | 1,362,034 |
Poland | — | 878,007 | — | 878,007 |
Russian Federation | — | 1,407,691 | — | 1,407,691 |
South Africa | — | 3,151,773 | — | 3,151,773 |
South Korea | — | 7,022,429 | — | 7,022,429 |
Taiwan | — | 9,021,373 | — | 9,021,373 |
Thailand | — | 2,348,227 | — | 2,348,227 |
Turkey | — | 610,593 | — | 610,593 |
United Kingdom | — | 307,721 | — | 307,721 |
Total Common Stocks | 12,431,594 | 42,269,637 | — | 54,701,231 |
Securities Lending Collateral | 242,900 | — | — | 242,900 |
Money Market Funds | 1,956,005 | — | — | 1,956,005 |
Total Investments in Securities | 14,630,499 | 42,269,637 | — | 56,900,136 |
74 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn European FundSM, December 31, 2019
Common Stocks 95.8% | ||
Issuer | Shares | Value ($) |
Belgium 1.2% | ||
Melexis NV Advanced integrated semiconductors, sensor ICs, and programmable sensor IC systems | 15,322 | 1,155,781 |
Denmark 4.1% | ||
ALK-Abello AS(a) Pharmaceuticals for allergy vaccinations | 4,507 | 1,106,141 |
SimCorp AS Global provider of highly specialised software for the investment management industry | 24,138 | 2,744,663 |
Total | 3,850,804 | |
France 4.4% | ||
Akka Technologies(b) High-technology engineering consulting services | 27,648 | 2,039,486 |
Robertet SA(b) Liquid flavorings, perfumes and associated natural aromatic ingredients | 1,994 | 2,064,446 |
Total | 4,103,932 | |
Germany 20.9% | ||
Corestate Capital Holding SA(a),(b) Real estate investment company | 25,778 | 1,084,319 |
Deutsche Beteiligungs AG Private equity company, investing in domestic medium-sized companies | 20,756 | 918,475 |
Eckert & Ziegler Strahlen- und Medizintechnik AG Equipment for the pharmaceutical industry | 4,440 | 943,063 |
Hypoport AG(a) Technology service provider | 2,582 | 910,873 |
MTU Aero Engines AG Develops and manufactures engines and offers commercial engine services and support | 8,454 | 2,408,762 |
Nemetschek SE Standard software for designing, constructing and managing buildings and real estate | 55,598 | 3,662,711 |
Rational AG Food preparation appliances/processors and kitchen accessories | 3,469 | 2,779,074 |
Stroeer SE & Co. KGaA Digital multi-channel media company | 27,603 | 2,223,863 |
Varta AG(a) Manufactures and markets a wide range of industrial, commercial and miniaturized batteries | 27,444 | 3,720,500 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Washtec AG Car, truck and railroad car washing systems | 14,270 | 859,558 |
Total | 19,511,198 | |
Ireland 1.6% | ||
UDG Healthcare PLC Commercialisation solutions for health care companies | 140,483 | 1,501,970 |
Italy 6.7% | ||
Amplifon SpA Hearing aids | 37,772 | 1,087,050 |
Carel Industries SpA Control solutions for HVAC and humidification systems | 113,548 | 1,765,304 |
Davide Campari-Milano SpA Global producer & distributor of branded spirits, wines and soft drinks | 97,692 | 892,640 |
Freni Brembo SpA Braking systems and components | 97,206 | 1,206,877 |
Industria Macchine Automatiche SpA Packaging machinery for the food, pharmaceuticals, and cosmetics industries | 17,864 | 1,284,758 |
Total | 6,236,629 | |
Malta 0.7% | ||
Kindred Group PLC Online gambling services | 105,886 | 648,451 |
Netherlands 3.4% | ||
Aalberts NV Industrial services and flow control systems | 21,596 | 971,990 |
IMCD NV Specialty chemicals and food ingredients | 24,707 | 2,163,271 |
Total | 3,135,261 | |
Poland 1.1% | ||
KRUK SA Debt collection services | 22,615 | 998,448 |
Russian Federation 1.0% | ||
TCS Group Holding PLC, GDR Online retail financial services | 42,033 | 903,709 |
Spain 2.5% | ||
Befesa SA Waste recycling services | 31,828 | 1,353,056 |
eDreams ODIGEO SA(a) Online travel company | 197,558 | 948,266 |
Total | 2,301,322 |
Columbia Acorn Family of Funds | Annual Report 2019 | 75 |
Columbia Acorn European FundSM, December 31, 2019
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sweden 17.7% | ||
AddTech AB, Class B High-tech industrial components and systems | 59,067 | 1,910,809 |
Dometic Group AB Transportation climate control and convenience products | 137,093 | 1,382,768 |
Dustin Group AB IT products and related services | 142,222 | 1,141,104 |
Hexagon AB, Class B Design, measurement and visualisation technologies | 44,521 | 2,495,460 |
Sectra AB, Class B(a) Medical and communication systems | 96,910 | 4,070,933 |
Sweco AB, Class B Consulting company specializing in engineering, environmental technology, and architecture | 95,714 | 3,690,037 |
Trelleborg AB, Class B Manufactures and distributes industrial products | 101,327 | 1,824,081 |
Total | 16,515,192 | |
Switzerland 7.4% | ||
Belimo Holding AG, Registered Shares Manufactures heating, ventilation and air conditioning equipment | 314 | 2,365,220 |
Inficon Holding AG Vacuum instruments used to monitor and control production processes | 1,778 | 1,411,855 |
Kardex AG Storage, warehouse and materials handling systems | 10,016 | 1,686,927 |
Partners Group Holding AG Global private markets asset management firm | 1,591 | 1,458,195 |
Total | 6,922,197 | |
Ukraine 0.5% | ||
Kernel Holding SA Diversified agri-business | 40,308 | 480,304 |
United Kingdom 22.6% | ||
Abcam PLC Research-grade antibodies via an online catalog | 51,707 | 925,999 |
Croda International PLC Diverse range of chemicals and chemical products | 15,146 | 1,028,847 |
Dechra Pharmaceuticals PLC International veterinary pharmaceuticals | 58,741 | 2,258,593 |
Halma PLC Products that detect hazards and protect assets and people in public and commercial buildings | 64,634 | 1,809,922 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Intermediate Capital Group PLC Private equity firm | 107,711 | 2,297,362 |
Rentokil Initial PLC Fully integrated facilities management and essential support services | 500,796 | 3,001,556 |
Rightmove PLC Website that lists properties across Britain | 351,949 | 2,953,257 |
Safestore Holdings PLC Self storage facilities | 199,301 | 2,127,792 |
Spectris PLC Products for electronic control and process instrumentation sectors | 23,876 | 920,125 |
Spirax-Sarco Engineering PLC Consultation, service and products for the control and efficient management of steam and industrial fluids | 20,762 | 2,443,968 |
WH Smith PLC Retails books, magazines, newspapers, and periodicals | 38,465 | 1,325,650 |
Total | 21,093,071 | |
Total Common Stocks (Cost: $58,225,121) | 89,358,269 | |
Securities Lending Collateral 2.3% | ||
Shares | Value ($) | |
Dreyfus Government Cash Management Fund, Instutional Shares, 1.512%(c),(d) | 2,126,840 | 2,126,840 |
Total Securities Lending Collateral (Cost: $2,126,840) | 2,126,840 | |
Money Market Funds 3.7% | ||
Columbia Short-Term Cash Fund, 1.699%(c),(e) | 3,469,459 | 3,469,112 |
Total Money Market Funds (Cost: $3,469,112) | 3,469,112 | |
Total Investments in Securities (Cost: $63,821,073) | 94,954,221 | |
Obligation to Return Collateral for Securities Loaned | (2,126,840) | |
Other Assets & Liabilities, Net | 434,816 | |
Net Assets | $93,262,197 |
76 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn European FundSM, December 31, 2019
(a) | Non-income producing security. |
(b) | All or a portion of this security was on loan at December 31, 2019. The total market value of securities on loan at December 31, 2019 was $2,041,650. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2019. |
(d) | Investment made with cash collateral received from securities lending activity. |
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the year ended December 31, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividend — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 1.699% | ||||||||
133,396 | 31,369,512 | (28,033,449) | 3,469,459 | (371) | — | 32,244 | 3,469,112 |
GDR | Global Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Belgium | — | 1,155,781 | — | 1,155,781 |
Denmark | — | 3,850,804 | — | 3,850,804 |
France | — | 4,103,932 | — | 4,103,932 |
Germany | — | 19,511,198 | — | 19,511,198 |
Ireland | — | 1,501,970 | — | 1,501,970 |
Italy | — | 6,236,629 | — | 6,236,629 |
Malta | — | 648,451 | — | 648,451 |
Netherlands | — | 3,135,261 | — | 3,135,261 |
Columbia Acorn Family of Funds | Annual Report 2019 | 77 |
Columbia Acorn European FundSM, December 31, 2019
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Poland | — | 998,448 | — | 998,448 |
Russian Federation | — | 903,709 | — | 903,709 |
Spain | — | 2,301,322 | — | 2,301,322 |
Sweden | — | 16,515,192 | — | 16,515,192 |
Switzerland | — | 6,922,197 | — | 6,922,197 |
Ukraine | — | 480,304 | — | 480,304 |
United Kingdom | — | 21,093,071 | — | 21,093,071 |
Total Common Stocks | — | 89,358,269 | — | 89,358,269 |
Securities Lending Collateral | 2,126,840 | — | — | 2,126,840 |
Money Market Funds | 3,469,112 | — | — | 3,469,112 |
Total Investments in Securities | 5,595,952 | 89,358,269 | — | 94,954,221 |
78 | Columbia Acorn Family of Funds | Annual Report 2019 |
December 31, 2019
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Assets | ||||
Investments in securities, at value* | ||||
Unaffiliated issuers (cost $3,111,165,059, $1,804,584,450, $234,761,351, $108,017,007, respectively) | $4,126,342,484 | $2,697,535,434 | $297,223,191 | $146,604,409 |
Affiliated issuers (cost $57,990,784, $55,980,746, $13,292,093, $1,151,541, respectively) | 57,990,784 | 55,980,746 | 13,292,093 | 1,151,541 |
Foreign currency (cost $—, $87,316, $—, $8,688, respectively) | — | 87,423 | — | 8,717 |
Margin deposits on: | ||||
Futures contracts | — | 1,891,100 | — | — |
Receivable for: | ||||
Investments sold | 2,720,886 | 2,117,632 | 384,609 | 148,026 |
Capital shares sold | 789,021 | 500,884 | 71,176 | 291,023 |
Dividends | 1,152,432 | 3,271,029 | 151,248 | 170,199 |
Securities lending income | 95,424 | 146,635 | 1,017 | 292 |
Foreign tax reclaims | 6,432 | 2,999,881 | 630 | 86,102 |
Variation margin for futures contracts | — | 193,235 | — | — |
Expense reimbursement due from Investment Manager | — | 445 | 94 | 1,095 |
Prepaid expenses | 110,089 | 69,471 | 7,750 | 3,550 |
Trustees’ deferred compensation plan | 3,271,035 | 1,790,925 | 315,639 | — |
Total assets | 4,192,478,587 | 2,766,584,840 | 311,447,447 | 148,464,954 |
Liabilities | ||||
Due to custodian | — | 27 | — | — |
Due upon return of securities on loan | 11,246,025 | 46,598,154 | 1,229,360 | — |
Payable for: | ||||
Investments purchased | 9,230,511 | 561,635 | 186,492 | — |
Capital shares purchased | 8,820,195 | 2,571,576 | 214,822 | 142,989 |
Investment advisory fee | 76,850 | 58,452 | 7,833 | 3,603 |
Distribution and/or service fees | 7,482 | 2,680 | 477 | 323 |
Transfer agent fees | 380,402 | 225,820 | 29,662 | 13,697 |
Administration fees | 5,652 | 3,677 | 420 | 200 |
Trustees’ fees | 5,030 | 2,986 | 352 | 72,975 |
Compensation of chief compliance officer | 8,808 | 5,563 | 630 | 268 |
Audit fees | 32,379 | 26,802 | 32,379 | 32,379 |
Custodian fees | 25,508 | 323,401 | 8,252 | 23,318 |
Other expenses | 205,798 | 164,964 | 22,822 | 16,571 |
Trustees’ deferred compensation plan | 3,271,035 | 1,790,925 | 315,639 | — |
Total liabilities | 33,315,675 | 52,336,662 | 2,049,140 | 306,323 |
Net assets applicable to outstanding capital stock | $4,159,162,912 | $2,714,248,178 | $309,398,307 | $148,158,631 |
Represented by | ||||
Paid in capital | 2,947,577,022 | 1,742,768,403 | 242,468,533 | 111,209,703 |
Total distributable earnings (loss) | 1,211,585,890 | 971,479,775 | 66,929,774 | 36,948,928 |
Total - representing net assets applicable to outstanding capital stock | $4,159,162,912 | $2,714,248,178 | $309,398,307 | $148,158,631 |
* Includes the value of securities on loan | 11,301,714 | 44,403,298 | 1,133,470 | — |
Columbia Acorn Family of Funds | Annual Report 2019 | 79 |
December 31, 2019
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Class A | ||||
Net assets | $810,965,896 | $307,871,788 | $56,577,858 | $37,461,475 |
Shares outstanding | 69,241,437 | 9,001,105 | 4,839,144 | 1,310,910 |
Net asset value per share(a) | $11.71 | $34.20 | $11.69 | $28.58 |
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) | $12.42 | $36.29 | $12.40 | $30.32 |
Advisor Class | ||||
Net assets | $44,247,978 | $12,732,666 | $19,201,705 | $2,029,507 |
Shares outstanding | 2,851,431 | 367,231 | 1,177,163 | 69,361 |
Net asset value per share(c) | $15.52 | $34.67 | $16.31 | $29.26 |
Class C | ||||
Net assets | $69,471,113 | $18,748,651 | $3,194,626 | $2,492,851 |
Shares outstanding | 16,765,729 | 587,384 | 775,655 | 95,863 |
Net asset value per share(a) | $4.14 | $31.92 | $4.12 | $26.00 |
Institutional Class | ||||
Net assets | $3,117,485,836 | $1,947,994,825 | $158,696,484 | $88,921,549 |
Shares outstanding | 212,037,211 | 56,870,026 | 10,461,052 | 3,066,080 |
Net asset value per share(c) | $14.70 | $34.25 | $15.17 | $29.00 |
Institutional 2 Class | ||||
Net assets | $51,584,147 | $183,763,331 | $3,806,386 | $3,391,981 |
Shares outstanding | 3,288,390 | 5,369,426 | 231,306 | 116,014 |
Net asset value per share(c) | $15.69 | $34.22 | $16.46 | $29.24 |
Institutional 3 Class | ||||
Net assets | $65,407,942 | $239,441,329 | $67,921,248 | $13,861,268 |
Shares outstanding | 4,122,398 | 6,906,276 | 4,079,188 | 474,427 |
Net asset value per share(c) | $15.87 | $34.67 | $16.65 | $29.22 |
Class R | ||||
Net assets | $— | $3,695,588 | $— | $— |
Shares outstanding | — | 107,980 | — | — |
Net asset value per share(c) | $— | $34.22 | $— | $— |
(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. |
80 | Columbia Acorn Family of Funds | Annual Report 2019 |
December 31, 2019
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Assets | ||||
Investments in securities, at value* | ||||
Unaffiliated issuers (cost $206,092,714, $—, $42,732,957, $60,351,961, respectively) | $252,754,619 | $— | $54,944,131 | $91,485,109 |
Affiliated issuers (cost $745,845, $677,780,327, $1,956,005, $3,469,112, respectively) | 745,845 | 721,573,634 | 1,956,005 | 3,469,112 |
Foreign currency (cost $—, $—, $1,536, $—, respectively) | — | — | 1,536 | — |
Receivable for: | ||||
Investments sold | 6,501,547 | — | 11,507 | 61,084 |
Capital shares sold | 29,291 | 3,632,377 | 14,774 | 766,275 |
Dividends | 68,660 | 917,711 | 130,110 | 31,751 |
Securities lending income | 1,054 | — | 429 | 8,501 |
Foreign tax reclaims | — | — | 8,153 | 190,343 |
Expense reimbursement due from Investment Manager | — | 1,230 | 730 | 424 |
Prepaid expenses | 6,787 | 17,795 | 1,477 | 2,021 |
Trustees’ deferred compensation plan | 256,684 | — | — | — |
Total assets | 260,364,487 | 726,142,747 | 57,068,852 | 96,014,620 |
Liabilities | ||||
Due to custodian | 285 | — | — | — |
Due upon return of securities on loan | 789,000 | — | 242,900 | 2,126,840 |
Payable for: | ||||
Investments purchased | 4,934,356 | 909,510 | 14 | 470,082 |
Capital shares purchased | 449,526 | 440,802 | 54,692 | 60,607 |
Investment advisory fee | 4,461 | 1,977 | 1,940 | 3,028 |
Distribution and/or service fees | 740 | 5,812 | 368 | 396 |
Transfer agent fees | 23,507 | 67,687 | 6,588 | 8,670 |
Administration fees | 345 | 978 | 77 | 126 |
Trustees’ fees | 282 | 249,356 | 45,998 | 16,233 |
Compensation of chief compliance officer | 534 | 1,413 | 123 | 157 |
Audit fees | 32,379 | 23,379 | 32,379 | 32,379 |
Custodian fees | 4,020 | 2,610 | 37,114 | 23,269 |
Other expenses | 21,373 | 50,451 | 10,023 | 10,636 |
Trustees’ deferred compensation plan | 256,684 | — | — | — |
Total liabilities | 6,517,492 | 1,753,975 | 432,216 | 2,752,423 |
Net assets applicable to outstanding capital stock | $253,846,995 | $724,388,772 | $56,636,636 | $93,262,197 |
Represented by | ||||
Paid in capital | 200,385,154 | 670,145,255 | 119,391,163 | 69,905,069 |
Total distributable earnings (loss) | 53,461,841 | 54,243,517 | (62,754,527) | 23,357,128 |
Total - representing net assets applicable to outstanding capital stock | $253,846,995 | $724,388,772 | $56,636,636 | $93,262,197 |
* Includes the value of securities on loan | 727,458 | — | 227,259 | 2,041,650 |
Columbia Acorn Family of Funds | Annual Report 2019 | 81 |
December 31, 2019
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Class A | ||||
Net assets | $96,240,883 | $225,113,181 | $22,673,545 | $33,360,585 |
Shares outstanding | 8,042,695 | 14,892,733 | 1,750,673 | 1,481,218 |
Net asset value per share(a) | $11.97 | $15.12 | $12.95 | $22.52 |
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) | $12.70 | $16.04 | $13.74 | $23.89 |
Advisor Class | ||||
Net assets | $2,007,450 | $16,208,181 | $796,684 | $1,905,504 |
Shares outstanding | 134,712 | 1,082,889 | 60,728 | 83,947 |
Net asset value per share(c) | $14.90 | $14.97 | $13.12 | $22.70 |
Class C | ||||
Net assets | $2,859,898 | $156,027,270 | $7,810,845 | $6,185,858 |
Shares outstanding | 453,404 | 10,247,262 | 613,801 | 279,260 |
Net asset value per share(a) | $6.31 | $15.23 | $12.73 | $22.15 |
Institutional Class | ||||
Net assets | $129,406,613 | $285,443,724 | $22,304,553 | $49,615,856 |
Shares outstanding | 9,128,430 | 19,183,186 | 1,710,267 | 2,196,698 |
Net asset value per share(c) | $14.18 | $14.88 | $13.04 | $22.59 |
Institutional 2 Class | ||||
Net assets | $2,871,537 | $40,759,408 | $2,171,761 | $2,174,933 |
Shares outstanding | 191,239 | 2,719,837 | 165,235 | 95,227 |
Net asset value per share(c) | $15.02 | $14.99 | $13.14 | $22.84 |
Institutional 3 Class | ||||
Net assets | $20,460,614 | $837,008 | $879,248 | $19,461 |
Shares outstanding | 1,345,035 | 55,948 | 67,492 | 866 |
Net asset value per share(c) | $15.21 | $14.96 | $13.03 | $22.48(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. |
82 | Columbia Acorn Family of Funds | Annual Report 2019 |
Year Ended December 31, 2019
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn International SelectSM | |
Net investment income | ||||
Income: | ||||
Dividends — unaffiliated issuers | $30,926,142 | $54,392,533 | $2,769,495 | $2,361,927 |
Dividends — affiliated issuers | 1,969,461 | 2,074,574 | 208,687 | 76,841 |
Interest | — | 999,318 | — | — |
Income from securities lending — net | 889,088 | 803,814 | 14,281 | 1,497 |
Foreign taxes withheld | (114,185) | (4,429,909) | (25,158) | (195,457) |
Total income | 33,670,506 | 53,840,330 | 2,967,305 | 2,244,808 |
Expenses: | ||||
Investment advisory fee | 28,458,416 | 21,150,671 | 2,798,827 | 1,182,279 |
Distribution and/or service fees | ||||
Class A | 2,092,261 | 764,190 | 138,841 | 81,763 |
Class C | 811,859 | 211,728 | 42,050 | 25,631 |
Class R | — | 24,053 | — | — |
Transfer agent fees | ||||
Class A | 769,939 | 350,813 | 69,665 | 44,863 |
Advisor Class | 41,715 | 15,453 | 21,975 | 3,116 |
Class C | 74,819 | 24,379 | 5,344 | 3,546 |
Institutional Class | 2,898,621 | 2,200,107 | 197,965 | 112,270 |
Institutional 2 Class | 28,510 | 106,906 | 2,209 | 1,356 |
Institutional 3 Class | 5,492 | 17,499 | 4,716 | 976 |
Class R | — | 5,621 | — | — |
Administration fees | 2,095,088 | 1,330,244 | 149,987 | 65,714 |
Trustees’ fees | 467,155 | 297,146 | 33,776 | 31,412 |
Custodian fees | 38,747 | 445,230 | 13,698 | 35,953 |
Printing and postage fees | 215,532 | 232,323 | 42,486 | 38,789 |
Registration fees | 99,020 | 117,366 | 87,915 | 87,343 |
Audit fees | 40,423 | 99,040 | 32,379 | 42,535 |
Legal fees | 870,224 | 547,848 | 62,366 | 27,271 |
Line of credit interest | — | 11,707 | 795 | 143 |
Compensation of chief compliance officer | 17,984 | 10,489 | 1,292 | 541 |
Other | 217,764 | 178,281 | 29,418 | 18,090 |
Total expenses | 39,243,569 | 28,141,094 | 3,735,704 | 1,803,591 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (17,300) | (627,433) | (117,850) | (255,234) |
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) | (5,728) | (476) | (266) |
Institutional 3 Class | (2,518) | (8,438) | (4,715) | (977) |
Class R | — | (336) | — | — |
Expense reduction | (7,439) | (8,156) | (1,322) | (580) |
Total net expenses | 38,709,371 | 27,380,689 | 3,611,341 | 1,546,534 |
Net investment income (loss) | (5,038,865) | 26,459,641 | (644,036) | 698,274 |
Columbia Acorn Family of Funds | Annual Report 2019 | 83 |
Year Ended December 31, 2019
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 | $535,276,503 | $172,784,458 | $31,235,114 | $9,166,021 |
Investments — affiliated issuers | 2,682,883 | (27) | (383) | 222 |
Foreign currency translations | — | (539,056) | — | (14,644) |
Futures contracts | — | 17,116,780 | 626,727 | — |
Net realized gain | 537,959,386 | 189,362,155 | 31,861,458 | 9,151,599 |
Net change in unrealized appreciation (depreciation) on: | ||||
Investments — unaffiliated issuers | 437,111,556 | 485,441,539 | 49,992,890 | 27,625,954 |
Investments — affiliated issuers | 2,815,890 | — | — | — |
Foreign currency translations | — | 35,562 | — | (169) |
Futures contracts | — | 132,836 | — | — |
Net change in unrealized appreciation (depreciation) | 439,927,446 | 485,609,937 | 49,992,890 | 27,625,785 |
Net realized and unrealized gain | 977,886,832 | 674,972,092 | 81,854,348 | 36,777,384 |
Net increase in net assets resulting from operations | $972,847,967 | $701,431,733 | $81,210,312 | $37,475,658 |
84 | Columbia Acorn Family of Funds | Annual Report 2019 |
Year Ended December 31, 2019
Columbia Acorn SelectSM | Columbia Thermostat FundSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Net investment income | ||||
Income: | ||||
Dividends — unaffiliated issuers | $1,777,181 | $— | $1,161,164 | $1,493,592 |
Dividends — affiliated issuers | 118,587 | 15,974,523 | 36,374 | 32,244 |
Interest | — | 71 | — | — |
Income from securities lending — net | 7,306 | — | 9,568 | 26,120 |
Foreign taxes withheld | (10,527) | — | (124,205) | (141,642) |
Total income | 1,892,547 | 15,974,594 | 1,082,901 | 1,410,314 |
Expenses: | ||||
Investment advisory fee | 2,191,076 | 691,695 | 729,426 | 922,332 |
Distribution and/or service fees | ||||
Class A | 240,058 | 522,221 | 58,888 | 62,327 |
Class C | 35,066 | 1,621,485 | 86,216 | 69,875 |
Transfer agent fees | ||||
Class A | 134,204 | 211,776 | 31,638 | 26,927 |
Advisor Class | 3,204 | 16,227 | 1,092 | 1,649 |
Class C | 4,935 | 164,680 | 11,607 | 7,655 |
Institutional Class | 177,625 | 278,289 | 32,039 | 45,452 |
Institutional 2 Class | 1,568 | 17,290 | 504 | 1,298 |
Institutional 3 Class | 1,964 | 171 | 127 | 3 |
Administration fees | 127,509 | 342,180 | 28,863 | 38,339 |
Trustees’ fees | 28,444 | 125,723 | 17,896 | 11,027 |
Custodian fees | 5,958 | 3,861 | 50,337 | 35,572 |
Printing and postage fees | 39,707 | 95,391 | 25,169 | 24,898 |
Registration fees | 84,238 | 94,124 | 83,178 | 85,887 |
Audit fees | 32,379 | 23,379 | 63,634 | 32,889 |
Legal fees | 52,832 | 142,011 | 12,326 | 15,624 |
Line of credit interest | 785 | 3,135 | — | — |
Compensation of chief compliance officer | 1,089 | 2,979 | 235 | 285 |
Other | 24,084 | 41,378 | 15,821 | 15,645 |
Total expenses | 3,186,725 | 4,397,995 | 1,248,996 | 1,397,684 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (532,831) | (539,471) | (352,935) | (341,396) |
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) | (54) | (318) |
Institutional 3 Class | (860) | (85) | (63) | (3) |
Expense reduction | (1,300) | (450) | (40) | — |
Total net expenses | 2,607,685 | 3,856,930 | 895,904 | 1,055,967 |
Net investment income (loss) | (715,138) | 12,117,664 | 186,997 | 354,347 |
Columbia Acorn Family of Funds | Annual Report 2019 | 85 |
Year Ended December 31, 2019
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 | $31,548,796 | $— | $(856,474) | $1,665,171 |
Investments — affiliated issuers | 158 | 18,588,025 | 18 | (371) |
Capital gain distributions from underlying affiliated funds | — | 16,650,619 | — | — |
Foreign currency translations | — | — | (29,073) | (10,687) |
Net realized gain (loss) | 31,548,954 | 35,238,644 | (885,529) | 1,654,113 |
Net change in unrealized appreciation (depreciation) on: | ||||
Investments — unaffiliated issuers | 35,028,294 | — | 11,357,647 | 27,315,112 |
Investments — affiliated issuers | — | 47,454,371 | — | — |
Foreign currency translations | — | — | (870) | (601) |
Foreign capital gains tax | — | — | 135,319 | — |
Net change in unrealized appreciation (depreciation) | 35,028,294 | 47,454,371 | 11,492,096 | 27,314,511 |
Net realized and unrealized gain | 66,577,248 | 82,693,015 | 10,606,567 | 28,968,624 |
Net increase in net assets resulting from operations | $65,862,110 | $94,810,679 | $10,793,564 | $29,322,971 |
86 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn® Fund | Columbia Acorn International® | |||
Year Ended December 31, 2019 | Year Ended December 31, 2018 | Year Ended December 31, 2019 | Year Ended December 31, 2018 | |
Operations | ||||
Net investment income (loss) | $(5,038,865) | $(1,473,010) | $26,459,641 | $31,490,836 |
Net realized gain | 537,959,386 | 568,802,668 | 189,362,155 | 767,817,428 |
Net change in unrealized appreciation (depreciation) | 439,927,446 | (729,629,122) | 485,609,937 | (1,335,912,085) |
Net increase (decrease) in net assets resulting from operations | 972,847,967 | (162,299,464) | 701,431,733 | (536,603,821) |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (110,582,346) | (112,814,791) | (33,066,056) | (82,964,499) |
Advisor Class | (4,615,704) | (5,081,826) | (1,425,903) | (5,904,555) |
Class C | (24,489,308) | (34,387,755) | (2,146,649) | (7,690,257) |
Institutional Class | (344,231,371) | (373,295,790) | (213,404,097) | (540,013,173) |
Institutional 2 Class | (5,227,592) | (5,204,282) | (21,058,497) | (57,983,593) |
Institutional 3 Class | (7,796,098) | (6,583,918) | (27,606,607) | (62,135,761) |
Class R | — | — | (374,176) | (2,658,425) |
Total distributions to shareholders | (496,942,419) | (537,368,362) | (299,081,985) | (759,350,263) |
Decrease in net assets from capital stock activity | (115,107,691) | (140,140,835) | (213,532,913) | (1,085,574,576) |
Total increase (decrease) in net assets | 360,797,857 | (839,808,661) | 188,816,835 | (2,381,528,660) |
Net assets at beginning of year | 3,798,365,055 | 4,638,173,716 | 2,525,431,343 | 4,906,960,003 |
Net assets at end of year | $4,159,162,912 | $3,798,365,055 | $2,714,248,178 | $2,525,431,343 |
Columbia Acorn Family of Funds | Annual Report 2019 | 87 |
Columbia Acorn USA® | Columbia Acorn International SelectSM | |||
Year Ended December 31, 2019 | Year Ended December 31, 2018 | Year Ended December 31, 2019 | Year Ended December 31, 2018 | |
Operations | ||||
Net investment income (loss) | $(644,036) | $(998,235) | $698,274 | $463,431 |
Net realized gain | 31,861,458 | 51,544,360 | 9,151,599 | 15,549,271 |
Net change in unrealized appreciation (depreciation) | 49,992,890 | (53,702,262) | 27,625,785 | (30,631,305) |
Net increase (decrease) in net assets resulting from operations | 81,210,312 | (3,156,137) | 37,475,658 | (14,618,603) |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (7,620,982) | (8,375,728) | (3,162,237) | (1,884,728) |
Advisor Class | (1,842,281) | (2,089,581) | (194,771) | (88,392) |
Class C | (1,208,980) | (1,803,921) | (214,120) | (230,740) |
Institutional Class | (16,965,767) | (23,581,038) | (7,922,245) | (5,035,667) |
Institutional 2 Class | (383,196) | (718,944) | (289,819) | (87,496) |
Institutional 3 Class | (6,484,915) | (7,584,575) | (1,214,883) | (622,521) |
Total distributions to shareholders | (34,506,121) | (44,153,787) | (12,998,075) | (7,949,544) |
Increase (decrease) in net assets from capital stock activity | (13,299,648) | 626,090 | 14,414,867 | 1,039,524 |
Total increase (decrease) in net assets | 33,404,543 | (46,683,834) | 38,892,450 | (21,528,623) |
Net assets at beginning of year | 275,993,764 | 322,677,598 | 109,266,181 | 130,794,804 |
Net assets at end of year | $309,398,307 | $275,993,764 | $148,158,631 | $109,266,181 |
88 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn SelectSM | Columbia Thermostat FundSM | |||
Year Ended December 31, 2019 | Year Ended December 31, 2018 | Year Ended December 31, 2019 | Year Ended December 31, 2018 | |
Operations | ||||
Net investment income (loss) | $(715,138) | $280,871 | $12,117,664 | $11,809,496 |
Net realized gain | 31,548,954 | 38,584,900 | 35,238,644 | 19,267,639 |
Net change in unrealized appreciation (depreciation) | 35,028,294 | (71,032,642) | 47,454,371 | (32,423,879) |
Net increase (decrease) in net assets resulting from operations | 65,862,110 | (32,166,871) | 94,810,679 | (1,346,744) |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (9,817,828) | (20,308,218) | (11,138,390) | (10,673,840) |
Advisor Class | (175,832) | (881,008) | (822,651) | (708,559) |
Class C | (557,316) | (3,272,890) | (6,895,240) | (8,158,095) |
Institutional Class | (11,309,913) | (25,262,616) | (15,210,441) | (15,036,009) |
Institutional 2 Class | (227,384) | (361,405) | (2,004,840) | (900,690) |
Institutional 3 Class | (2,234,860) | (2,802,824) | (45,752) | (26,585) |
Total distributions to shareholders | (24,323,133) | (52,888,961) | (36,117,314) | (35,503,778) |
Increase (decrease) in net assets from capital stock activity | (23,086,627) | 11,572,541 | 23,842,525 | (180,527,642) |
Total increase (decrease) in net assets | 18,452,350 | (73,483,291) | 82,535,890 | (217,378,164) |
Net assets at beginning of year | 235,394,645 | 308,877,936 | 641,852,882 | 859,231,046 |
Net assets at end of year | $253,846,995 | $235,394,645 | $724,388,772 | $641,852,882 |
Columbia Acorn Family of Funds | Annual Report 2019 | 89 |
Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||
Year Ended December 31, 2019 | Year Ended December 31, 2018 | Year Ended December 31, 2019 | Year Ended December 31, 2018 | |
Operations | ||||
Net investment income | $186,997 | $493,410 | $354,347 | $666,558 |
Net realized gain (loss) | (885,529) | 8,372,207 | 1,654,113 | (576,569) |
Net change in unrealized appreciation (depreciation) | 11,492,096 | (24,082,433) | 27,314,511 | (18,947,041) |
Net increase (decrease) in net assets resulting from operations | 10,793,564 | (15,216,816) | 29,322,971 | (18,857,052) |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | — | (348,800) | (264,373) | (219,414) |
Advisor Class | — | (15,124) | (18,540) | (17,370) |
Class C | — | (56,171) | (12,781) | (95,170) |
Institutional Class | — | (452,975) | (509,487) | (336,429) |
Institutional 2 Class | — | (9,169) | (20,361) | (31,742) |
Institutional 3 Class | — | (13,183) | (218) | (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) | (825,760) | (700,145) |
Decrease in net assets from capital stock activity | (13,243,197) | (30,986,000) | (3,740,595) | (14,494,645) |
Increase from payment by affiliate (Note 6) | — | 34,559 | — | — |
Total increase (decrease) in net assets | (2,449,633) | (47,135,966) | 24,756,616 | (34,051,842) |
Net assets at beginning of year | 59,086,269 | 106,222,235 | 68,505,581 | 102,557,423 |
Net assets at end of year | $56,636,636 | $59,086,269 | $93,262,197 | $68,505,581 |
90 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn® Fund | Columbia Acorn International® | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2019 | December 31, 2018 | December 31, 2019 | December 31, 2018 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 4,133,500 | 49,889,518 | 14,482,087 | 199,117,901 | 677,087 | 22,088,511 | 1,204,707 | 53,366,756 |
Distributions reinvested | 8,657,230 | 101,720,934 | 8,565,521 | 103,282,789 | 970,899 | 31,720,047 | 2,517,943 | 79,449,411 |
Redemptions | (15,689,169) | (189,802,211) | (15,172,354) | (202,514,211) | (2,698,710) | (88,374,572) | (3,686,910) | (156,642,002) |
Net increase (decrease) | (2,898,439) | (38,191,759) | 7,875,254 | 99,886,479 | (1,050,724) | (34,566,014) | 35,740 | (23,825,835) |
Advisor Class | ||||||||
Subscriptions | 634,032 | 9,825,645 | 1,389,865 | 23,281,479 | 208,923 | 6,902,364 | 370,989 | 17,261,530 |
Distributions reinvested | 267,774 | 4,133,765 | 286,808 | 4,437,619 | 42,987 | 1,423,610 | 162,265 | 5,894,237 |
Redemptions | (1,016,953) | (15,975,063) | (1,112,297) | (18,894,372) | (311,685) | (10,230,546) | (2,227,246) | (101,932,993) |
Net increase (decrease) | (115,147) | (2,015,653) | 564,376 | 8,824,726 | (59,775) | (1,904,572) | (1,693,992) | (78,777,226) |
Class C | ||||||||
Subscriptions | 1,119,825 | 5,491,211 | 1,447,676 | 9,225,458 | 29,066 | 886,533 | 65,481 | 2,775,489 |
Distributions reinvested | 5,251,248 | 23,102,168 | 5,636,603 | 32,972,060 | 68,676 | 2,086,897 | 241,578 | 7,481,172 |
Redemptions | (6,921,008) | (34,594,301) | (27,200,903) | (186,297,980) | (336,100) | (10,292,732) | (912,454) | (38,562,522) |
Net decrease | (549,935) | (6,000,922) | (20,116,624) | (144,100,462) | (238,358) | (7,319,302) | (605,395) | (28,305,861) |
Institutional Class | ||||||||
Subscriptions | 5,282,488 | 78,653,539 | 7,560,930 | 122,219,111 | 3,027,722 | 97,126,882 | 2,947,643 | 124,432,793 |
Distributions reinvested | 21,464,688 | 314,291,159 | 23,112,853 | 341,236,718 | 5,165,099 | 169,181,217 | 13,084,488 | 412,927,075 |
Redemptions | (31,681,570) | (472,045,610) | (35,160,985) | (557,342,383) | (13,128,298) | (430,557,597) | (21,151,836) | (898,058,188) |
Net decrease | (4,934,394) | (79,100,912) | (4,487,202) | (93,886,554) | (4,935,477) | (164,249,498) | (5,119,705) | (360,698,320) |
Institutional 2 Class | ||||||||
Subscriptions | 1,259,715 | 19,821,837 | 973,489 | 16,597,800 | 1,727,791 | 55,959,823 | 1,564,761 | 72,479,772 |
Distributions reinvested | 335,376 | 5,227,592 | 328,128 | 5,203,420 | 291,169 | 9,522,689 | 1,121,675 | 36,095,844 |
Redemptions | (1,005,277) | (15,963,671) | (2,796,573) | (48,203,357) | (2,091,836) | (68,276,761) | (6,330,859) | (270,594,603) |
Net increase (decrease) | 589,814 | 9,085,758 | (1,494,956) | (26,402,137) | (72,876) | (2,794,249) | (3,644,423) | (162,018,987) |
Institutional 3 Class | ||||||||
Subscriptions | 3,890,545 | 60,686,076 | 3,490,426 | 59,038,867 | 2,923,055 | 94,591,351 | 4,105,290 | 192,225,142 |
Distributions reinvested | 493,331 | 7,781,931 | 417,329 | 6,583,918 | 612,009 | 20,271,580 | 1,430,787 | 47,433,802 |
Redemptions | (4,198,217) | (67,352,210) | (2,880,541) | (50,085,672) | (3,297,334) | (110,042,832) | (14,314,023) | (673,079,067) |
Net increase (decrease) | 185,659 | 1,115,797 | 1,027,214 | 15,537,113 | 237,730 | 4,820,099 | (8,777,946) | (433,420,123) |
Class R | ||||||||
Subscriptions | — | — | — | — | 30,713 | 995,788 | 111,819 | 4,932,695 |
Distributions reinvested | — | — | — | — | 10,724 | 350,523 | 81,344 | 2,552,399 |
Redemptions | — | — | — | — | (274,820) | (8,865,688) | (135,987) | (6,013,318) |
Net increase (decrease) | — | — | — | — | (233,383) | (7,519,377) | 57,176 | 1,471,776 |
Total net decrease | (7,722,442) | (115,107,691) | (16,631,938) | (140,140,835) | (6,352,863) | (213,532,913) | (19,748,545) | (1,085,574,576) |
Columbia Acorn Family of Funds | Annual Report 2019 | 91 |
Columbia Acorn USA® | Columbia Acorn International SelectSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2019 | December 31, 2018 | December 31, 2019 | December 31, 2018 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 491,865 | 5,786,792 | 1,376,744 | 18,267,295 | 347,272 | 9,462,114 | 375,760 | 10,651,053 |
Distributions reinvested | 634,698 | 7,303,655 | 699,793 | 7,935,061 | 109,077 | 3,076,483 | 77,655 | 1,824,896 |
Redemptions | (1,072,140) | (12,603,235) | (1,134,480) | (14,506,433) | (257,870) | (7,091,324) | (252,530) | (7,123,558) |
Net increase | 54,423 | 487,212 | 942,057 | 11,695,923 | 198,479 | 5,447,273 | 200,885 | 5,352,391 |
Advisor Class | ||||||||
Subscriptions | 120,871 | 1,933,694 | 837,779 | 15,358,547 | 79,526 | 2,161,624 | 38,028 | 1,123,008 |
Distributions reinvested | 115,785 | 1,842,281 | 136,861 | 2,089,581 | 6,747 | 194,489 | 3,664 | 88,202 |
Redemptions | (117,952) | (1,888,811) | (933,018) | (16,954,707) | (66,954) | (1,894,157) | (53,440) | (1,565,189) |
Net increase (decrease) | 118,704 | 1,887,164 | 41,622 | 493,421 | 19,319 | 461,956 | (11,748) | (353,979) |
Class C | ||||||||
Subscriptions | 92,806 | 473,031 | 313,173 | 2,077,318 | 15,892 | 397,853 | 36,333 | 979,251 |
Distributions reinvested | 274,808 | 1,182,883 | 334,238 | 1,774,726 | 8,233 | 211,391 | 10,568 | 227,625 |
Redemptions | (612,117) | (2,976,839) | (1,122,430) | (7,883,868) | (56,413) | (1,390,018) | (105,985) | (2,845,286) |
Net decrease | (244,503) | (1,320,925) | (475,019) | (4,031,824) | (32,288) | (780,774) | (59,084) | (1,638,410) |
Institutional Class | ||||||||
Subscriptions | 675,875 | 10,092,246 | 1,614,982 | 26,732,776 | 722,561 | 20,085,054 | 793,679 | 22,244,906 |
Distributions reinvested | 1,087,911 | 16,120,066 | 1,536,419 | 22,101,744 | 249,415 | 7,131,691 | 184,011 | 4,394,183 |
Redemptions | (2,853,692) | (42,620,474) | (4,055,929) | (65,587,290) | (820,978) | (22,993,971) | (1,114,888) | (32,550,369) |
Net increase (decrease) | (1,089,906) | (16,408,162) | (904,528) | (16,752,770) | 150,998 | 4,222,774 | (137,198) | (5,911,280) |
Institutional 2 Class | ||||||||
Subscriptions | 70,285 | 1,123,435 | 265,478 | 4,960,411 | 69,064 | 1,956,202 | 29,291 | 879,117 |
Distributions reinvested | 23,915 | 383,079 | 44,378 | 718,791 | 10,034 | 289,564 | 3,628 | 87,329 |
Redemptions | (103,044) | (1,613,701) | (694,916) | (12,588,773) | (13,076) | (375,971) | (3,773) | (108,283) |
Net increase (decrease) | (8,844) | (107,187) | (385,060) | (6,909,571) | 66,022 | 1,869,795 | 29,146 | 858,163 |
Institutional 3 Class | ||||||||
Subscriptions | 548,567 | 8,889,451 | 1,017,530 | 18,563,862 | 215,978 | 6,017,663 | 131,427 | 3,864,719 |
Distributions reinvested | 399,438 | 6,478,123 | 486,992 | 7,516,430 | 42,076 | 1,212,536 | 25,856 | 622,353 |
Redemptions | (810,994) | (13,205,324) | (559,482) | (9,949,381) | (143,101) | (4,036,356) | (60,597) | (1,754,433) |
Net increase | 137,011 | 2,162,250 | 945,040 | 16,130,911 | 114,953 | 3,193,843 | 96,686 | 2,732,639 |
Total net increase (decrease) | (1,033,115) | (13,299,648) | 164,112 | 626,090 | 517,483 | 14,414,867 | 118,687 | 1,039,524 |
92 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn SelectSM | Columbia Thermostat FundSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2019 | December 31, 2018 | December 31, 2019 | December 31, 2018 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 310,595 | 3,646,132 | 1,647,135 | 23,680,572 | 3,581,278 | 53,531,987 | 1,333,900 | 19,378,036 |
Distributions reinvested | 738,947 | 8,744,433 | 1,474,425 | 18,023,829 | 696,942 | 10,498,008 | 720,600 | 10,054,448 |
Redemptions | (1,798,929) | (21,114,961) | (1,604,835) | (22,562,970) | (3,367,020) | (50,214,156) | (5,687,410) | (82,591,620) |
Net increase (decrease) | (749,387) | (8,724,396) | 1,516,725 | 19,141,431 | 911,200 | 13,815,839 | (3,632,910) | (53,159,136) |
Advisor Class | ||||||||
Subscriptions | 21,953 | 314,901 | 81,585 | 1,421,965 | 973,291 | 13,978,579 | 151,388 | 2,184,819 |
Distributions reinvested | 11,997 | 175,831 | 59,074 | 881,008 | 55,095 | 821,970 | 51,274 | 708,407 |
Redemptions | (241,031) | (3,217,568) | (124,115) | (2,084,875) | (806,540) | (11,813,803) | (460,433) | (6,620,916) |
Net increase (decrease) | (207,081) | (2,726,836) | 16,544 | 218,098 | 221,846 | 2,986,746 | (257,771) | (3,727,690) |
Class C | ||||||||
Subscriptions | 43,809 | 288,185 | 88,638 | 780,854 | 832,275 | 12,480,689 | 511,824 | 7,413,115 |
Distributions reinvested | 75,190 | 477,504 | 367,957 | 3,083,783 | 370,397 | 5,611,576 | 477,573 | 6,731,929 |
Redemptions | (310,195) | (2,073,320) | (2,163,962) | (20,060,290) | (2,871,430) | (42,896,426) | (6,092,400) | (88,882,083) |
Net decrease | (191,196) | (1,307,631) | (1,707,367) | (16,195,653) | (1,668,758) | (24,804,161) | (5,103,003) | (74,737,039) |
Institutional Class | ||||||||
Subscriptions | 381,259 | 5,311,586 | 532,047 | 8,619,479 | 5,266,201 | 76,965,586 | 3,997,657 | 57,171,246 |
Distributions reinvested | 753,611 | 10,530,126 | 1,656,299 | 23,698,931 | 778,189 | 11,538,524 | 792,087 | 10,877,990 |
Redemptions | (1,936,667) | (26,456,006) | (1,788,491) | (28,387,175) | (5,410,758) | (79,342,105) | (8,455,329) | (120,813,058) |
Net increase (decrease) | (801,797) | (10,614,294) | 399,855 | 3,931,235 | 633,632 | 9,162,005 | (3,665,585) | (52,763,822) |
Institutional 2 Class | ||||||||
Subscriptions | 57,886 | 833,240 | 57,873 | 1,009,610 | 2,180,445 | 32,262,973 | 474,655 | 6,839,482 |
Distributions reinvested | 15,358 | 227,265 | 24,396 | 361,145 | 134,270 | 2,004,839 | 65,250 | 900,690 |
Redemptions | (41,927) | (609,157) | (22,767) | (390,419) | (794,328) | (11,886,178) | (267,887) | (3,847,004) |
Net increase | 31,317 | 451,348 | 59,502 | 980,336 | 1,520,387 | 22,381,634 | 272,018 | 3,893,168 |
Institutional 3 Class | ||||||||
Subscriptions | 3,695,613 | 51,857,064 | 1,992,595 | 33,938,673 | 58,523 | 828,161 | 6,170 | 89,446 |
Distributions reinvested | 149,922 | 2,234,741 | 185,160 | 2,802,564 | 3,059 | 45,602 | 1,918 | 26,442 |
Redemptions | (3,657,932) | (54,256,623) | (1,880,769) | (33,244,143) | (39,256) | (573,301) | (10,380) | (149,011) |
Net increase (decrease) | 187,603 | (164,818) | 296,986 | 3,497,094 | 22,326 | 300,462 | (2,292) | (33,123) |
Total net increase (decrease) | (1,730,541) | (23,086,627) | 582,245 | 11,572,541 | 1,640,633 | 23,842,525 | (12,389,543) | (180,527,642) |
Columbia Acorn Family of Funds | Annual Report 2019 | 93 |
Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2019 | December 31, 2018 | December 31, 2019 | December 31, 2018 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 389,408 | 4,556,362 | 359,020 | 4,465,310 | 588,163 | 11,883,992 | 802,766 | 15,619,783 |
Distributions reinvested | — | — | 34,864 | 373,040 | 11,556 | 254,820 | 10,793 | 219,313 |
Redemptions | (728,785) | (8,618,320) | (870,709) | (10,745,642) | (587,839) | (10,901,694) | (1,030,128) | (19,193,737) |
Net increase (decrease) | (339,377) | (4,061,958) | (476,825) | (5,907,292) | 11,880 | 1,237,118 | (216,569) | (3,354,641) |
Advisor Class | ||||||||
Subscriptions | 8,788 | 102,728 | 23,068 | 293,516 | 45,419 | 904,047 | 187,846 | 3,709,574 |
Distributions reinvested | — | — | 1,489 | 16,102 | 833 | 18,503 | 849 | 17,351 |
Redemptions | (24,340) | (289,309) | (48,209) | (606,821) | (57,731) | (1,073,237) | (245,227) | (4,686,268) |
Net decrease | (15,552) | (186,581) | (23,652) | (297,203) | (11,479) | (150,687) | (56,532) | (959,343) |
Class C | ||||||||
Subscriptions | 22,883 | 265,684 | 51,305 | 644,223 | 21,243 | 401,532 | 198,850 | 3,839,604 |
Distributions reinvested | — | — | 6,305 | 66,771 | 589 | 12,768 | 4,735 | 95,138 |
Redemptions | (268,741) | (3,112,294) | (385,778) | (4,633,912) | (314,829) | (5,716,994) | (361,749) | (6,657,723) |
Net decrease | (245,858) | (2,846,610) | (328,168) | (3,922,918) | (292,997) | (5,302,694) | (158,164) | (2,722,981) |
Institutional Class | ||||||||
Subscriptions | 125,924 | 1,492,856 | 339,519 | 4,283,831 | 792,207 | 14,929,566 | 1,355,100 | 26,110,809 |
Distributions reinvested | — | — | 42,914 | 460,898 | 22,896 | 506,245 | 16,480 | 335,198 |
Redemptions | (777,599) | (9,170,301) | (2,038,425) | (25,173,138) | (721,406) | (13,775,797) | (1,809,806) | (33,173,356) |
Net increase (decrease) | (651,675) | (7,677,445) | (1,655,992) | (20,428,409) | 93,697 | 1,660,014 | (438,226) | (6,727,349) |
Institutional 2 Class | ||||||||
Subscriptions | 126,385 | 1,588,565 | 7,090 | 91,329 | 42,517 | 875,563 | 168,588 | 3,341,522 |
Distributions reinvested | — | — | 903 | 9,760 | 909 | 20,321 | 1,543 | 31,723 |
Redemptions | (8,031) | (96,730) | (38,077) | (485,026) | (110,095) | (2,092,686) | (213,125) | (3,888,136) |
Net increase (decrease) | 118,354 | 1,491,835 | (30,084) | (383,937) | (66,669) | (1,196,802) | (42,994) | (514,891) |
Institutional 3 Class | ||||||||
Subscriptions | 21,739 | 259,887 | 20,711 | 263,504 | 773 | 13,848 | 39 | 763 |
Distributions reinvested | — | — | 1,303 | 13,965 | 8 | 176 | — | — |
Redemptions | (18,691) | (222,325) | (26,296) | (323,710) | (81) | (1,568) | (10,843) | (216,203) |
Net increase (decrease) | 3,048 | 37,562 | (4,282) | (46,241) | 700 | 12,456 | (10,804) | (215,440) |
Total net decrease | (1,131,060) | (13,243,197) | (2,519,003) | (30,986,000) | (264,868) | (3,740,595) | (923,289) | (14,494,645) |
94 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn Family of Funds | Annual Report 2019 | 95 |
Columbia Acorn® Fund
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net realized gains | Total distributions to shareholders | |
Class A | ||||||
Year Ended 12/31/2019 | $10.65 | (0.04) | 2.78 | 2.74 | (1.68) | (1.68) |
Year Ended 12/31/2018 | $12.92 | (0.03) | (0.48) | (0.51) | (1.76) | (1.76) |
Year Ended 12/31/2017 | $13.35 | (0.02) | 3.23 | 3.21 | (3.64) | (3.64) |
Year Ended 12/31/2016 | $17.63 | (0.03) | 1.73 | 1.70 | (5.98) | (5.98) |
Year Ended 12/31/2015 | $30.30 | (0.12) | (0.27)(e) | (0.39) | (12.28) | (12.28) |
Advisor Class | ||||||
Year Ended 12/31/2019 | $13.63 | (0.01) | 3.58 | 3.57 | (1.68) | (1.68) |
Year Ended 12/31/2018 | $16.06 | 0.01 | (0.64) | (0.63) | (1.80) | (1.80) |
Year Ended 12/31/2017 | $15.83 | 0.02 | 3.85 | 3.87 | (3.64) | (3.64) |
Year Ended 12/31/2016 | $19.84 | 0.00(f) | 1.97 | 1.97 | (5.98) | (5.98) |
Year Ended 12/31/2015 | $32.51 | (0.07) | (0.32)(e) | (0.39) | (12.28) | (12.28) |
Class C | ||||||
Year Ended 12/31/2019 | $4.69 | (0.05) | 1.18 | 1.13 | (1.68) | (1.68) |
Year Ended 12/31/2018 | $6.58 | (0.06) | (0.17) | (0.23) | (1.66) | (1.66) |
Year Ended 12/31/2017 | $8.34 | (0.08) | 1.96 | 1.88 | (3.64) | (3.64) |
Year Ended 12/31/2016 | $13.16 | (0.11) | 1.27 | 1.16 | (5.98) | (5.98) |
Year Ended 12/31/2015 | $25.92 | (0.27) | (0.21)(e) | (0.48) | (12.28) | (12.28) |
Institutional Class | ||||||
Year Ended 12/31/2019 | $12.98 | (0.01) | 3.41 | 3.40 | (1.68) | (1.68) |
Year Ended 12/31/2018 | $15.39 | 0.01 | (0.62) | (0.61) | (1.80) | (1.80) |
Year Ended 12/31/2017 | $15.29 | 0.02 | 3.72 | 3.74 | (3.64) | (3.64) |
Year Ended 12/31/2016 | $19.34 | 0.01 | 1.92 | 1.93 | (5.98) | (5.98) |
Year Ended 12/31/2015 | $31.95 | (0.04) | (0.29)(e) | (0.33) | (12.28) | (12.28) |
Institutional 2 Class | ||||||
Year Ended 12/31/2019 | $13.76 | (0.00)(f) | 3.61 | 3.61 | (1.68) | (1.68) |
Year Ended 12/31/2018 | $16.20 | 0.01 | (0.65) | (0.64) | (1.80) | (1.80) |
Year Ended 12/31/2017 | $15.94 | 0.02 | 3.88 | 3.90 | (3.64) | (3.64) |
Year Ended 12/31/2016 | $19.92 | 0.01 | 1.99 | 2.00 | (5.98) | (5.98) |
Year Ended 12/31/2015 | $32.55 | (0.04) | (0.31)(e) | (0.35) | (12.28) | (12.28) |
96 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn® Fund
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Year Ended 12/31/2019 | $11.71 | 26.21%(b) | 1.11% | 1.10%(c) | (0.30%) | 101% | $810,966 |
Year Ended 12/31/2018 | $10.65 | (5.22%)(b) | 1.10% | 1.08%(c) | (0.20%) | 66% | $768,031 |
Year Ended 12/31/2017 | $12.92 | 24.91% | 1.09% | 1.08%(c) | (0.13%) | 72% | $830,454 |
Year Ended 12/31/2016 | $13.35 | 10.06% | 1.10%(d) | 1.10%(d) | (0.21%) | 85% | $931,460 |
Year Ended 12/31/2015 | $17.63 | (1.87%) | 1.08% | 1.08% | (0.39%) | 21% | $1,388,893 |
Advisor Class | |||||||
Year Ended 12/31/2019 | $15.52 | 26.58%(b) | 0.86% | 0.85%(c) | (0.05%) | 101% | $44,248 |
Year Ended 12/31/2018 | $13.63 | (5.00%)(b) | 0.85% | 0.83%(c) | 0.05% | 66% | $40,425 |
Year Ended 12/31/2017 | $16.06 | 25.19% | 0.84% | 0.83%(c) | 0.12% | 72% | $38,588 |
Year Ended 12/31/2016 | $15.83 | 10.32% | 0.89%(d) | 0.89%(d) | 0.00%(f) | 85% | $33,378 |
Year Ended 12/31/2015 | $19.84 | (1.75%) | 0.89% | 0.89% | (0.23%) | 21% | $50,335 |
Class C | |||||||
Year Ended 12/31/2019 | $4.14 | 25.12%(b) | 1.86% | 1.85%(c) | (1.05%) | 101% | $69,471 |
Year Ended 12/31/2018 | $4.69 | (5.86%)(b) | 1.85% | 1.82%(c) | (0.94%) | 66% | $81,149 |
Year Ended 12/31/2017 | $6.58 | 23.88% | 1.84% | 1.83%(c) | (0.88%) | 72% | $246,450 |
Year Ended 12/31/2016 | $8.34 | 9.29% | 1.84%(d) | 1.84%(d) | (0.95%) | 85% | $302,119 |
Year Ended 12/31/2015 | $13.16 | (2.57%) | 1.80% | 1.80% | (1.11%) | 21% | $456,348 |
Institutional Class | |||||||
Year Ended 12/31/2019 | $14.70 | 26.60%(b) | 0.86% | 0.85%(c) | (0.05%) | 101% | $3,117,486 |
Year Ended 12/31/2018 | $12.98 | (5.09%)(b) | 0.85% | 0.83%(c) | 0.05% | 66% | $2,816,948 |
Year Ended 12/31/2017 | $15.39 | 25.24% | 0.84% | 0.83%(c) | 0.12% | 72% | $3,407,214 |
Year Ended 12/31/2016 | $15.29 | 10.39% | 0.82%(d) | 0.82%(d) | 0.07% | 85% | $3,425,935 |
Year Ended 12/31/2015 | $19.34 | (1.57%) | 0.80% | 0.80% | (0.11%) | 21% | $5,062,313 |
Institutional 2 Class | |||||||
Year Ended 12/31/2019 | $15.69 | 26.63%(b) | 0.83% | 0.82% | (0.02%) | 101% | $51,584 |
Year Ended 12/31/2018 | $13.76 | (5.00%)(b) | 0.81% | 0.80% | 0.08% | 66% | $37,124 |
Year Ended 12/31/2017 | $16.20 | 25.21% | 0.82% | 0.81% | 0.14% | 72% | $67,932 |
Year Ended 12/31/2016 | $15.94 | 10.43% | 0.81%(d) | 0.81%(d) | 0.08% | 85% | $45,475 |
Year Ended 12/31/2015 | $19.92 | (1.60%) | 0.77% | 0.77% | (0.11%) | 21% | $76,412 |
Columbia Acorn Family of Funds | Annual Report 2019 | 97 |
Columbia Acorn® Fund
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | ||||||
Year Ended 12/31/2019 | $13.89 | 0.00(f) | 3.66 | 3.66 | (1.68) | (1.68) |
Year Ended 12/31/2018 | $16.34 | 0.02 | (0.66) | (0.64) | (1.81) | (1.81) |
Year Ended 12/31/2017 | $16.04 | 0.03 | 3.91 | 3.94 | (3.64) | (3.64) |
Year Ended 12/31/2016 | $20.00 | 0.02 | 2.00 | 2.02 | (5.98) | (5.98) |
Year Ended 12/31/2015 | $32.61 | (0.02) | (0.31)(e) | (0.33) | (12.28) | (12.28) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Ratios include line of credit interest expense which is less than 0.01%. |
(e) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statements of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(f) | Rounds to zero. |
98 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn® Fund
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Year Ended 12/31/2019 | $15.87 | 26.74%(b) | 0.78% | 0.77% | 0.03% | 101% | $65,408 |
Year Ended 12/31/2018 | $13.89 | (4.98%)(b) | 0.76% | 0.76% | 0.13% | 66% | $54,688 |
Year Ended 12/31/2017 | $16.34 | 25.31% | 0.76% | 0.76% | 0.19% | 72% | $47,536 |
Year Ended 12/31/2016 | $16.04 | 10.50% | 0.76%(d) | 0.76%(d) | 0.12% | 85% | $79,518 |
Year Ended 12/31/2015 | $20.00 | (1.54%) | 0.73% | 0.73% | (0.06%) | 21% | $130,546 |
Columbia Acorn Family of Funds | Annual Report 2019 | 99 |
Columbia Acorn International®
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Year Ended 12/31/2019 | $29.48 | 0.25 | 8.19 | 8.44 | (0.65) | (3.07) | (3.72) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2019 | $29.84 | 0.33 | 8.30 | 8.63 | (0.73) | (3.07) | (3.80) |
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) |
Class C | |||||||
Year Ended 12/31/2019 | $27.63 | 0.00(e) | 7.65 | 7.65 | (0.29) | (3.07) | (3.36) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2019 | $29.51 | 0.33 | 8.21 | 8.54 | (0.73) | (3.07) | (3.80) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2019 | $29.49 | 0.35 | 8.20 | 8.55 | (0.75) | (3.07) | (3.82) |
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) |
Institutional 3 Class | |||||||
Year Ended 12/31/2019 | $29.83 | 0.37 | 8.30 | 8.67 | (0.76) | (3.07) | (3.83) |
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) |
100 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International®
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Year Ended 12/31/2019 | $34.20 | 29.56%(b) | 1.27%(c) | 1.24%(c),(d) | 0.76% | 32% | $307,872 |
Year Ended 12/31/2018 | $29.48 | (16.13%)(b) | 1.25%(c) | 1.24%(c),(d) | 0.51% | 32% | $296,349 |
Year Ended 12/31/2017 | $46.51 | 31.91% | 1.23% | 1.20%(d) | 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 |
Advisor Class | |||||||
Year Ended 12/31/2019 | $34.67 | 29.86%(b) | 1.02%(c) | 0.99%(c),(d) | 1.00% | 32% | $12,733 |
Year Ended 12/31/2018 | $29.84 | (15.90%)(b) | 1.00%(c) | 0.99%(c),(d) | 0.97% | 32% | $12,740 |
Year Ended 12/31/2017 | $46.95 | 32.21% | 0.98% | 0.98%(d) | 0.81% | 37% | $99,578 |
Year Ended 12/31/2016 | $38.03 | (2.32%) | 1.05% | 1.05% | 1.22% | 46% | $101,988 |
Year Ended 12/31/2015 | $39.41 | (1.41%) | 1.06% | 1.06% | 1.10% | 50% | $486,763 |
Class C | |||||||
Year Ended 12/31/2019 | $31.92 | 28.61%(b) | 2.02%(c) | 2.00%(c),(d) | 0.01% | 32% | $18,749 |
Year Ended 12/31/2018 | $27.63 | (16.76%)(b) | 2.00%(c) | 1.99%(c),(d) | (0.11%) | 32% | $22,817 |
Year Ended 12/31/2017 | $44.57 | 30.93% | 1.98% | 1.97%(d) | (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 |
Institutional Class | |||||||
Year Ended 12/31/2019 | $34.25 | 29.89%(b) | 1.02%(c) | 0.99%(c),(d) | 1.01% | 32% | $1,947,995 |
Year Ended 12/31/2018 | $29.51 | (15.93%)(b) | 1.00%(c) | 0.99%(c),(d) | 0.76% | 32% | $1,824,055 |
Year Ended 12/31/2017 | $46.57 | 32.24% | 0.98% | 0.98%(d) | 0.85% | 37% | $3,116,383 |
Year Ended 12/31/2016 | $37.74 | (2.28%) | 0.98% | 0.98% | 1.13% | 46% | $3,356,348 |
Year Ended 12/31/2015 | $39.12 | (1.33%) | 0.97% | 0.97% | 1.21% | 50% | $4,645,797 |
Institutional 2 Class | |||||||
Year Ended 12/31/2019 | $34.22 | 29.95%(b) | 0.97%(c) | 0.93%(c) | 1.06% | 32% | $183,763 |
Year Ended 12/31/2018 | $29.49 | (15.85%)(b) | 0.93%(c) | 0.93%(c) | 0.81% | 32% | $160,488 |
Year Ended 12/31/2017 | $46.54 | 32.27% | 0.93% | 0.93% | 0.87% | 37% | $422,916 |
Year Ended 12/31/2016 | $37.72 | (2.23%) | 0.93% | 0.93% | 1.15% | 46% | $286,786 |
Year Ended 12/31/2015 | $39.10 | (1.29%) | 0.92% | 0.92% | 1.26% | 50% | $320,252 |
Institutional 3 Class | |||||||
Year Ended 12/31/2019 | $34.67 | 30.04%(b) | 0.92%(c) | 0.89%(c) | 1.12% | 32% | $239,441 |
Year Ended 12/31/2018 | $29.83 | (15.82%)(b) | 0.88%(c) | 0.88%(c) | 1.10% | 32% | $198,933 |
Year Ended 12/31/2017 | $46.95 | 32.36% | 0.88% | 0.88% | 0.89% | 37% | $725,247 |
Year Ended 12/31/2016 | $38.02 | (2.19%) | 0.88% | 0.88% | 1.20% | 46% | $239,733 |
Year Ended 12/31/2015 | $39.41 | (1.23%) | 0.88% | 0.88% | 1.26% | 50% | $318,326 |
Columbia Acorn Family of Funds | Annual Report 2019 | 101 |
Columbia Acorn International®
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class R | |||||||
Year Ended 12/31/2019 | $29.44 | 0.06 | 8.27 | 8.33 | (0.48) | (3.07) | (3.55) |
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) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | Ratios include line of credit interest expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Rounds to zero. |
102 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International®
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class R | |||||||
Year Ended 12/31/2019 | $34.22 | 29.21%(b) | 1.52%(c) | 1.50%(c),(d) | 0.19% | 32% | $3,696 |
Year Ended 12/31/2018 | $29.44 | (16.32%)(b) | 1.50%(c) | 1.49%(c),(d) | 0.26% | 32% | $10,049 |
Year Ended 12/31/2017 | $46.51 | 31.58% | 1.49% | 1.48%(d) | 0.46% | 37% | $13,218 |
Year Ended 12/31/2016 | $37.71 | (2.82%) | 1.55% | 1.55% | 0.55% | 46% | $4,637 |
Year Ended 12/31/2015 | $39.07 | (1.98%) | 1.62% | 1.62% | 0.54% | 50% | $4,945 |
Columbia Acorn Family of Funds | Annual Report 2019 | 103 |
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 | |||||||
Year Ended 12/31/2019 | $10.28 | (0.05) | 3.14 | 3.09 | (0.01) | (1.67) | (1.68) |
Year Ended 12/31/2018 | $12.48 | (0.07) | (0.04) | (0.11) | — | (2.09) | (2.09) |
Year Ended 12/31/2017 | $14.95 | (0.09) | 2.84 | 2.75 | — | (5.22) | (5.22) |
Year Ended 12/31/2016 | $20.25 | (0.11) | 2.43 | 2.32 | — | (7.62) | (7.62) |
Year Ended 12/31/2015 | $29.13 | (0.18) | (0.18)(e) | (0.36) | — | (8.52) | (8.52) |
Advisor Class | |||||||
Year Ended 12/31/2019 | $13.77 | (0.03) | 4.25 | 4.22 | (0.01) | (1.67) | (1.68) |
Year Ended 12/31/2018 | $16.08 | (0.05) | (0.09) | (0.14) | — | (2.17) | (2.17) |
Year Ended 12/31/2017 | $17.93 | (0.06) | 3.43 | 3.37 | — | (5.22) | (5.22) |
Year Ended 12/31/2016 | $22.85 | (0.07) | 2.77 | 2.70 | — | (7.62) | (7.62) |
Year Ended 12/31/2015 | $31.70 | (0.13) | (0.20)(e) | (0.33) | — | (8.52) | (8.52) |
Class C | |||||||
Year Ended 12/31/2019 | $4.52 | (0.06) | 1.33 | 1.27 | — | (1.67) | (1.67) |
Year Ended 12/31/2018 | $6.56 | (0.09) | 0.04(e) | (0.05) | — | (1.99) | (1.99) |
Year Ended 12/31/2017 | $10.05 | (0.13) | 1.86 | 1.73 | — | (5.22) | (5.22) |
Year Ended 12/31/2016 | $16.00 | (0.18) | 1.85 | 1.67 | — | (7.62) | (7.62) |
Year Ended 12/31/2015 | $24.98 | (0.33) | (0.13)(e) | (0.46) | — | (8.52) | (8.52) |
Institutional Class | |||||||
Year Ended 12/31/2019 | $12.90 | (0.03) | 3.98 | 3.95 | (0.01) | (1.67) | (1.68) |
Year Ended 12/31/2018 | $15.21 | (0.04) | (0.09) | (0.13) | — | (2.18) | (2.18) |
Year Ended 12/31/2017 | $17.20 | (0.05) | 3.28 | 3.23 | — | (5.22) | (5.22) |
Year Ended 12/31/2016 | $22.19 | (0.07) | 2.70 | 2.63 | — | (7.62) | (7.62) |
Year Ended 12/31/2015 | $31.03 | (0.12) | (0.20)(e) | (0.32) | — | (8.52) | (8.52) |
Institutional 2 Class | |||||||
Year Ended 12/31/2019 | $13.87 | (0.01) | 4.28 | 4.27 | (0.01) | (1.67) | (1.68) |
Year Ended 12/31/2018 | $16.21 | (0.03) | (0.11) | (0.14) | — | (2.20) | (2.20) |
Year Ended 12/31/2017 | $18.02 | (0.03) | 3.44 | 3.41 | — | (5.22) | (5.22) |
Year Ended 12/31/2016 | $22.90 | (0.06) | 2.80 | 2.74 | — | (7.62) | (7.62) |
Year Ended 12/31/2015 | $31.71 | (0.10) | (0.19)(e) | (0.29) | — | (8.52) | (8.52) |
104 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn USA®
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Year Ended 12/31/2019 | $11.69 | 30.88%(b) | 1.45%(c) | 1.41%(c),(d) | (0.43%) | 91% | $56,578 |
Year Ended 12/31/2018 | $10.28 | (2.15%)(b) | 1.44%(c) | 1.42%(c),(d) | (0.49%) | 86% | $49,179 |
Year Ended 12/31/2017 | $12.48 | 19.14%(b) | 1.44% | 1.43%(d) | (0.55%) | 84% | $47,960 |
Year Ended 12/31/2016 | $14.95 | 12.70% | 1.41% | 1.41% | (0.58%) | 98% | $80,721 |
Year Ended 12/31/2015 | $20.25 | (1.60%) | 1.34% | 1.34% | (0.63%) | 35% | $95,048 |
Advisor Class | |||||||
Year Ended 12/31/2019 | $16.31 | 31.27%(b) | 1.20%(c) | 1.16%(c),(d) | (0.18%) | 91% | $19,202 |
Year Ended 12/31/2018 | $13.77 | (1.91%)(b) | 1.18%(c) | 1.17%(c),(d) | (0.27%) | 86% | $14,579 |
Year Ended 12/31/2017 | $16.08 | 19.42%(b) | 1.21% | 1.20%(d) | (0.31%) | 84% | $16,355 |
Year Ended 12/31/2016 | $17.93 | 12.93% | 1.18% | 1.18% | (0.35%) | 98% | $6,172 |
Year Ended 12/31/2015 | $22.85 | (1.36%) | 1.12% | 1.12% | (0.40%) | 35% | $8,224 |
Class C | |||||||
Year Ended 12/31/2019 | $4.12 | 29.93%(b) | 2.20%(c) | 2.16%(c),(d) | (1.19%) | 91% | $3,195 |
Year Ended 12/31/2018 | $4.52 | (2.92%)(b) | 2.19%(c) | 2.17%(c),(d) | (1.30%) | 86% | $4,608 |
Year Ended 12/31/2017 | $6.56 | 18.30%(b) | 2.19% | 2.19%(d) | (1.31%) | 84% | $9,802 |
Year Ended 12/31/2016 | $10.05 | 11.92% | 2.13% | 2.13% | (1.31%) | 98% | $12,088 |
Year Ended 12/31/2015 | $16.00 | (2.28%) | 2.02% | 2.02% | (1.32%) | 35% | $17,255 |
Institutional Class | |||||||
Year Ended 12/31/2019 | $15.17 | 31.28%(b) | 1.20%(c) | 1.16%(c),(d) | (0.18%) | 91% | $158,696 |
Year Ended 12/31/2018 | $12.90 | (1.98%)(b) | 1.18%(c) | 1.17%(c),(d) | (0.26%) | 86% | $149,048 |
Year Ended 12/31/2017 | $15.21 | 19.44%(b) | 1.16% | 1.16%(d) | (0.27%) | 84% | $189,408 |
Year Ended 12/31/2016 | $17.20 | 13.00% | 1.16% | 1.16% | (0.34%) | 98% | $492,739 |
Year Ended 12/31/2015 | $22.19 | (1.36%) | 1.10% | 1.10% | (0.40%) | 35% | $768,658 |
Institutional 2 Class | |||||||
Year Ended 12/31/2019 | $16.46 | 31.41%(b) | 1.13%(c) | 1.08%(c) | (0.09%) | 91% | $3,806 |
Year Ended 12/31/2018 | $13.87 | (1.89%)(b) | 1.11%(c) | 1.09%(c) | (0.19%) | 86% | $3,332 |
Year Ended 12/31/2017 | $16.21 | 19.56%(b) | 1.08% | 1.08% | (0.17%) | 84% | $10,133 |
Year Ended 12/31/2016 | $18.02 | 13.09% | 1.07% | 1.07% | (0.27%) | 98% | $13,764 |
Year Ended 12/31/2015 | $22.90 | (1.23%) | 1.01% | 1.01% | (0.30%) | 35% | $27,112 |
Columbia Acorn Family of Funds | Annual Report 2019 | 105 |
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 | |||||||
Year Ended 12/31/2019 | $14.01 | (0.01) | 4.33 | 4.32 | (0.01) | (1.67) | (1.68) |
Year Ended 12/31/2018 | $16.36 | (0.02) | (0.11) | (0.13) | — | (2.22) | (2.22) |
Year Ended 12/31/2017 | $18.14 | (0.03) | 3.47 | 3.44 | — | (5.22) | (5.22) |
Year Ended 12/31/2016 | $22.99 | (0.04) | 2.81 | 2.77 | — | (7.62) | (7.62) |
Year Ended 12/31/2015 | $31.80 | (0.08) | (0.21)(e) | (0.29) | — | (8.52) | (8.52) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | Ratios include line of credit interest expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the 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. |
106 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn USA®
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Year Ended 12/31/2019 | $16.65 | 31.45%(b) | 1.08%(c) | 1.03%(c) | (0.05%) | 91% | $67,921 |
Year Ended 12/31/2018 | $14.01 | (1.86%)(b) | 1.06%(c) | 1.04%(c) | (0.11%) | 86% | $55,248 |
Year Ended 12/31/2017 | $16.36 | 19.60%(b) | 1.05% | 1.05% | (0.17%) | 84% | $49,019 |
Year Ended 12/31/2016 | $18.14 | 13.18% | 1.01% | 1.01% | (0.18%) | 98% | $38,136 |
Year Ended 12/31/2015 | $22.99 | (1.23%) | 0.97% | 0.97% | (0.25%) | 35% | $41,658 |
Columbia Acorn Family of Funds | Annual Report 2019 | 107 |
Columbia Acorn International SelectSM
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Tax return of capital | Total distributions to shareholders | |
Class A | ||||||||
Year Ended 12/31/2019 | $23.44 | 0.09 | 7.67 | 7.76 | (0.28) | (2.34) | — | (2.62) |
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(e) | 0.19 | (0.14) | — | (0.02) | (0.16) |
Year Ended 12/31/2015 | $22.04 | 0.17 | (0.45) | (0.28) | (0.42) | — | (0.01) | (0.43) |
Advisor Class | ||||||||
Year Ended 12/31/2019 | $24.00 | 0.18 | 7.84 | 8.02 | (0.42) | (2.34) | — | (2.76) |
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(e) | 0.25 | (0.20) | — | (0.02) | (0.22) |
Year Ended 12/31/2015 | $22.45 | 0.22 | (0.44) | (0.22) | (0.48) | — | (0.01) | (0.49) |
Class C | ||||||||
Year Ended 12/31/2019 | $21.48 | (0.10) | 6.99 | 6.89 | (0.03) | (2.34) | — | (2.37) |
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(e) | 0.03 | — | — | — | — |
Year Ended 12/31/2015 | $20.54 | (0.01) | (0.41) | (0.42) | (0.15) | — | (0.01) | (0.16) |
Institutional Class | ||||||||
Year Ended 12/31/2019 | $23.81 | 0.17 | 7.78 | 7.95 | (0.42) | (2.34) | — | (2.76) |
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(e) | 0.25 | (0.20) | — | (0.02) | (0.22) |
Year Ended 12/31/2015 | $22.30 | 0.24 | (0.46) | (0.22) | (0.49) | — | (0.01) | (0.50) |
Institutional 2 Class | ||||||||
Year Ended 12/31/2019 | $24.01 | 0.18 | 7.86 | 8.04 | (0.47) | (2.34) | — | (2.81) |
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(e) | 0.27 | (0.21) | — | (0.02) | (0.23) |
Year Ended 12/31/2015 | $22.43 | 0.22 | (0.42) | (0.20) | (0.50) | — | (0.01) | (0.51) |
108 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International SelectSM
Proceeds from regulatory settlements | Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | ||||||||
Year Ended 12/31/2019 | — | $28.58 | 33.37%(b) | 1.54%(c) | 1.35%(c),(d) | 0.34% | 46% | $37,461 |
Year Ended 12/31/2018 | — | $23.44 | (12.46%)(b) | 1.54% | 1.40%(d) | 0.20% | 48% | $26,073 |
Year Ended 12/31/2017 | — | $28.89 | 35.30%(b) | 1.54% | 1.40%(d) | 0.07% | 49% | $26,336 |
Year Ended 12/31/2016 | — | $21.36 | 0.90%(b) | 1.55%(f) | 1.48%(f) | 0.49% | 49% | $20,165 |
Year Ended 12/31/2015 | 0.00(g) | $21.33 | (1.30%)(h) | 1.55% | 1.55% | 0.74% | 59% | $33,772 |
Advisor Class | ||||||||
Year Ended 12/31/2019 | — | $29.26 | 33.73%(b) | 1.29%(c) | 1.10%(c),(d) | 0.63% | 46% | $2,030 |
Year Ended 12/31/2018 | — | $24.00 | (12.26%)(b) | 1.29% | 1.15%(d) | 0.31% | 48% | $1,201 |
Year Ended 12/31/2017 | — | $29.46 | 35.67%(b) | 1.29% | 1.15%(d) | 0.30% | 49% | $1,820 |
Year Ended 12/31/2016 | — | $21.77 | 1.15%(b) | 1.29%(f) | 1.21%(f) | 0.77% | 49% | $1,106 |
Year Ended 12/31/2015 | 0.00(g) | $21.74 | (1.00%)(h) | 1.27% | 1.27% | 0.97% | 59% | $898 |
Class C | ||||||||
Year Ended 12/31/2019 | — | $26.00 | 32.31%(b) | 2.29%(c) | 2.10%(c),(d) | (0.42%) | 46% | $2,493 |
Year Ended 12/31/2018 | — | $21.48 | (13.11%)(b) | 2.28% | 2.15%(d) | (0.43%) | 48% | $2,752 |
Year Ended 12/31/2017 | — | $26.85 | 34.32%(b) | 2.29% | 2.15%(d) | (0.64%) | 49% | $5,027 |
Year Ended 12/31/2016 | — | $19.99 | 0.15%(b) | 2.31%(f) | 2.23%(f) | (0.29%) | 49% | $4,346 |
Year Ended 12/31/2015 | 0.00(g) | $19.96 | (2.05%)(h) | 2.32% | 2.32% | (0.06%) | 59% | $5,390 |
Institutional Class | ||||||||
Year Ended 12/31/2019 | — | $29.00 | 33.71%(b) | 1.29%(c) | 1.10%(c),(d) | 0.59% | 46% | $88,922 |
Year Ended 12/31/2018 | — | $23.81 | (12.28%)(b) | 1.28% | 1.15%(d) | 0.47% | 48% | $69,413 |
Year Ended 12/31/2017 | — | $29.25 | 35.70%(b) | 1.29% | 1.15%(d) | 0.36% | 49% | $89,266 |
Year Ended 12/31/2016 | — | $21.61 | 1.18%(b) | 1.26%(f) | 1.19%(f) | 0.74% | 49% | $73,631 |
Year Ended 12/31/2015 | 0.00(g) | $21.58 | (1.03%)(h) | 1.24% | 1.24% | 1.05% | 59% | $96,311 |
Institutional 2 Class | ||||||||
Year Ended 12/31/2019 | — | $29.24 | 33.82%(b) | 1.22%(c) | 1.00%(c) | 0.65% | 46% | $3,392 |
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%(f) | 1.19%(f) | 0.76% | 49% | $440 |
Year Ended 12/31/2015 | 0.00(g) | $21.72 | (0.94%)(h) | 1.21% | 1.21% | 0.96% | 59% | $2,268 |
Columbia Acorn Family of Funds | Annual Report 2019 | 109 |
Columbia Acorn International SelectSM
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Tax return of capital | Total distributions to shareholders | |
Institutional 3 Class | ||||||||
Year Ended 12/31/2019 | $24.00 | 0.20 | 7.86 | 8.06 | (0.50) | (2.34) | — | (2.84) |
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(e) | 0.28 | (0.23) | — | (0.02) | (0.25) |
Year Ended 12/31/2015 | $22.42 | 0.28 | (0.47) | (0.19) | (0.51) | — | (0.01) | (0.52) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | Ratios include line of credit interest expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statements of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(f) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Year Ended | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
12/31/2016 | 0.06% | 0.06% | 0.06% | 0.06% | 0.04% | 0.09% |
(g) | Rounds to zero. |
(h) | The Fund received proceeds from regulatory settlements. Had the Fund not received these proceeds, the total return would have been lower by 0.02%. |
110 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn International SelectSM
Proceeds from regulatory settlements | Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | ||||||||
Year Ended 12/31/2019 | — | $29.22 | 33.90%(b) | 1.16%(c) | 0.96%(c) | 0.72% | 46% | $13,861 |
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%(f) | 1.04%(f) | 0.74% | 49% | $322 |
Year Ended 12/31/2015 | 0.00(g) | $21.71 | (0.89%)(h) | 1.14% | 1.14% | 1.21% | 59% | $660 |
Columbia Acorn Family of Funds | Annual Report 2019 | 111 |
Columbia Acorn SelectSM
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net realized gains | Total distributions to shareholders | |
Class A | ||||||
Year Ended 12/31/2019 | $10.34 | (0.05) | 2.96 | 2.91 | (1.28) | (1.28) |
Year Ended 12/31/2018 | $14.62 | (0.00)(e) | (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) |
Advisor Class | ||||||
Year Ended 12/31/2019 | $12.59 | (0.03) | 3.62 | 3.59 | (1.28) | (1.28) |
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)(e) | 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) |
Class C | ||||||
Year Ended 12/31/2019 | $5.98 | (0.08) | 1.69 | 1.61 | (1.28) | (1.28) |
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) |
Institutional Class | ||||||
Year Ended 12/31/2019 | $12.03 | (0.03) | 3.46 | 3.43 | (1.28) | (1.28) |
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)(e) | 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) |
Institutional 2 Class | ||||||
Year Ended 12/31/2019 | $12.67 | (0.02) | 3.65 | 3.63 | (1.28) | (1.28) |
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) |
Institutional 3 Class | ||||||
Year Ended 12/31/2019 | $12.82 | (0.01) | 3.68 | 3.67 | (1.28) | (1.28) |
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(e) | 0.11 | 0.11 | (7.14) | (7.14) |
Notes to Financial Highlights | |
(a) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(b) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(c) | Ratios include line of credit interest expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Rounds to zero. |
112 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn SelectSM
Net asset value, end of period | Total return(a) | Total gross expense ratio to average net assets(b) | Total net expense ratio to average net assets(b) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Year Ended 12/31/2019 | $11.97 | 28.53% | 1.39%(c) | 1.17%(c),(d) | (0.43%) | 140% | $96,241 |
Year Ended 12/31/2018 | $10.34 | (12.71%) | 1.38% | 1.15%(d) | (0.02%) | 60% | $90,911 |
Year Ended 12/31/2017 | $14.62 | 26.42% | 1.37% | 1.16%(d) | (0.20%) | 41% | $106,330 |
Year Ended 12/31/2016 | $13.13 | 11.54% | 1.37% | 1.17% | (0.27%) | 75% | $119,364 |
Year Ended 12/31/2015 | $13.94 | (0.73%) | 1.35%(c) | 1.22%(c) | (0.42%) | 55% | $146,864 |
Advisor Class | |||||||
Year Ended 12/31/2019 | $14.90 | 28.84% | 1.14%(c) | 0.92%(c),(d) | (0.18%) | 140% | $2,007 |
Year Ended 12/31/2018 | $12.59 | (12.50%) | 1.13% | 0.90%(d) | 0.22% | 60% | $4,304 |
Year Ended 12/31/2017 | $17.19 | 26.71% | 1.14% | 0.91%(d) | 0.05% | 41% | $5,590 |
Year Ended 12/31/2016 | $15.13 | 11.86% | 1.13% | 0.93% | (0.02%) | 75% | $853 |
Year Ended 12/31/2015 | $15.69 | (0.53%) | 1.12%(c) | 0.99%(c) | (0.18%) | 55% | $932 |
Class C | |||||||
Year Ended 12/31/2019 | $6.31 | 27.57% | 2.14%(c) | 1.92%(c),(d) | (1.16%) | 140% | $2,860 |
Year Ended 12/31/2018 | $5.98 | (13.32%) | 2.13% | 1.90%(d) | (0.83%) | 60% | $3,855 |
Year Ended 12/31/2017 | $9.59 | 25.40% | 2.12% | 1.91%(d) | (0.95%) | 41% | $22,559 |
Year Ended 12/31/2016 | $9.22 | 10.67% | 2.11% | 1.91% | (1.01%) | 75% | $27,524 |
Year Ended 12/31/2015 | $10.51 | (1.41%) | 2.08%(c) | 1.95%(c) | (1.15%) | 55% | $34,589 |
Institutional Class | |||||||
Year Ended 12/31/2019 | $14.18 | 28.85% | 1.14%(c) | 0.92%(c),(d) | (0.18%) | 140% | $129,407 |
Year Ended 12/31/2018 | $12.03 | (12.45%) | 1.13% | 0.90%(d) | 0.22% | 60% | $119,465 |
Year Ended 12/31/2017 | $16.54 | 26.59% | 1.13% | 0.91%(d) | 0.04% | 41% | $157,664 |
Year Ended 12/31/2016 | $14.63 | 11.88% | 1.10% | 0.90% | (0.02%) | 75% | $144,313 |
Year Ended 12/31/2015 | $15.24 | (0.44%) | 1.07%(c) | 0.95%(c) | (0.15%) | 55% | $183,642 |
Institutional 2 Class | |||||||
Year Ended 12/31/2019 | $15.02 | 28.98% | 1.07%(c) | 0.85%(c) | (0.12%) | 140% | $2,872 |
Year Ended 12/31/2018 | $12.67 | (12.46%) | 1.05% | 0.84% | 0.31% | 60% | $2,027 |
Year Ended 12/31/2017 | $17.28 | 26.72% | 1.06% | 0.85% | 0.11% | 41% | $1,735 |
Year Ended 12/31/2016 | $15.20 | 11.96% | 1.05% | 0.85% | 0.07% | 75% | $1,036 |
Year Ended 12/31/2015 | $15.74 | (0.44%) | 1.02%(c) | 0.95%(c) | (0.33%) | 55% | $911 |
Institutional 3 Class | |||||||
Year Ended 12/31/2019 | $15.21 | 28.94% | 1.01%(c) | 0.80%(c) | (0.07%) | 140% | $20,461 |
Year Ended 12/31/2018 | $12.82 | (12.31%) | 0.99% | 0.79% | 0.33% | 60% | $14,834 |
Year Ended 12/31/2017 | $17.43 | 26.79% | 1.00% | 0.80% | 0.15% | 41% | $15,001 |
Year Ended 12/31/2016 | $15.31 | 12.02% | 1.00% | 0.80% | 0.10% | 75% | $4,389 |
Year Ended 12/31/2015 | $15.83 | (0.39%) | 0.98%(c) | 0.85%(c) | 0.02% | 55% | $5,056 |
Columbia Acorn Family of Funds | Annual Report 2019 | 113 |
Columbia Thermostat FundSM
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Year Ended 12/31/2019 | $13.85 | 0.27 | 1.79 | 2.06 | (0.26) | (0.53) | (0.79) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2019 | $13.72 | 0.31 | 1.77 | 2.08 | (0.30) | (0.53) | (0.83) |
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) |
Class C | |||||||
Year Ended 12/31/2019 | $13.96 | 0.16 | 1.79 | 1.95 | (0.15) | (0.53) | (0.68) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2019 | $13.65 | 0.30 | 1.76 | 2.06 | (0.30) | (0.53) | (0.83) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2019 | $13.74 | 0.32 | 1.77 | 2.09 | (0.31) | (0.53) | (0.84) |
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) |
Institutional 3 Class | |||||||
Year Ended 12/31/2019 | $13.72 | 0.32 | 1.76 | 2.08 | (0.31) | (0.53) | (0.84) |
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) |
Notes to Financial Highlights | |
(a) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(b) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(c) | Ratios include line of credit interest expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
114 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Thermostat FundSM
Net asset value, end of period | Total return(a) | Total gross expense ratio to average net assets(b) | Total net expense ratio to average net assets(b) | Net investment income ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Year Ended 12/31/2019 | $15.12 | 14.94% | 0.58%(c) | 0.50%(c),(d) | 1.81% | 158% | $225,113 |
Year Ended 12/31/2018 | $13.85 | (0.13%) | 0.56% | 0.50%(d) | 1.66% | 122% | $193,683 |
Year Ended 12/31/2017 | $14.63 | 5.19% | 0.54% | 0.50%(d) | 1.70% | 33% | $257,752 |
Year Ended 12/31/2016 | $14.60 | 4.47% | 0.54% | 0.50% | 1.39% | 95% | $398,781 |
Year Ended 12/31/2015 | $14.31 | 0.07% | 0.52% | 0.50% | 1.82% | 69% | $387,967 |
Advisor Class | |||||||
Year Ended 12/31/2019 | $14.97 | 15.21% | 0.33%(c) | 0.25%(c),(d) | 2.08% | 158% | $16,208 |
Year Ended 12/31/2018 | $13.72 | 0.12% | 0.31% | 0.25%(d) | 1.91% | 122% | $11,816 |
Year Ended 12/31/2017 | $14.50 | 5.49% | 0.29% | 0.25%(d) | 1.98% | 33% | $16,227 |
Year Ended 12/31/2016 | $14.47 | 4.69% | 0.30% | 0.25% | 1.64% | 95% | $15,664 |
Year Ended 12/31/2015 | $14.19 | 0.33% | 0.28% | 0.25% | 2.06% | 69% | $17,453 |
Class C | |||||||
Year Ended 12/31/2019 | $15.23 | 14.02% | 1.33%(c) | 1.25%(c),(d) | 1.05% | 158% | $156,027 |
Year Ended 12/31/2018 | $13.96 | (0.88%) | 1.31% | 1.25%(d) | 0.90% | 122% | $166,292 |
Year Ended 12/31/2017 | $14.74 | 4.48% | 1.29% | 1.25%(d) | 0.96% | 33% | $250,784 |
Year Ended 12/31/2016 | $14.62 | 3.69% | 1.28% | 1.25% | 0.63% | 95% | $338,930 |
Year Ended 12/31/2015 | $14.41 | (0.68%) | 1.27% | 1.25% | 1.08% | 69% | $364,684 |
Institutional Class | |||||||
Year Ended 12/31/2019 | $14.88 | 15.14% | 0.33%(c) | 0.25%(c),(d) | 2.06% | 158% | $285,444 |
Year Ended 12/31/2018 | $13.65 | 0.12% | 0.31% | 0.25%(d) | 1.91% | 122% | $253,123 |
Year Ended 12/31/2017 | $14.43 | 5.52% | 0.29% | 0.25%(d) | 1.97% | 33% | $320,483 |
Year Ended 12/31/2016 | $14.40 | 4.72% | 0.28% | 0.25% | 1.64% | 95% | $341,629 |
Year Ended 12/31/2015 | $14.12 | 0.33% | 0.26% | 0.25% | 2.08% | 69% | $325,159 |
Institutional 2 Class | |||||||
Year Ended 12/31/2019 | $14.99 | 15.25% | 0.28%(c) | 0.21%(c) | 2.16% | 158% | $40,759 |
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 |
Institutional 3 Class | |||||||
Year Ended 12/31/2019 | $14.96 | 15.24% | 0.25%(c) | 0.16%(c) | 2.13% | 158% | $837 |
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 |
Columbia Acorn Family of Funds | Annual Report 2019 | 115 |
Columbia Acorn Emerging Markets FundSM
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Tax return of capital | Total distributions to shareholders | |
Class A | |||||||
Year Ended 12/31/2019 | $10.74 | 0.04 | 2.17 | 2.21 | — | — | — |
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) |
Advisor Class | |||||||
Year Ended 12/31/2019 | $10.85 | 0.07 | 2.20 | 2.27 | — | — | — |
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) |
Class C | |||||||
Year Ended 12/31/2019 | $10.63 | (0.05) | 2.15 | 2.10 | — | — | — |
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) |
Institutional Class | |||||||
Year Ended 12/31/2019 | $10.79 | 0.07 | 2.18 | 2.25 | — | — | — |
Year Ended 12/31/2018 | $13.29 | 0.10 | (2.41) | (2.31) | (0.19) | (0.01) | (0.20) |
Year Ended 12/31/2017 | $9.85 | 0.03 | 3.41 | 3.44 | — | — | — |
Year Ended 12/31/2016 | $10.26 | (0.00)(i) | (0.31) | (0.31) | (0.06) | (0.04) | (0.10) |
Year Ended 12/31/2015 | $12.74 | 0.13 | (2.42) | (2.29) | (0.18) | (0.01) | (0.19) |
Institutional 2 Class | |||||||
Year Ended 12/31/2019 | $10.86 | 0.07 | 2.21 | 2.28 | — | — | — |
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) |
116 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn Emerging Markets FundSM
Reimbursement from affiliate | Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | ||||||||
Year Ended 12/31/2019 | — | $12.95 | 20.58%(b) | 2.14% | 1.54%(c) | 0.33% | 31% | $22,674 |
Year Ended 12/31/2018 | — | $10.74 | (17.58%)(b),(d) | 2.02%(e) | 1.52%(c),(e) | 0.54% | 53% | $22,442 |
Year Ended 12/31/2017 | — | $13.24 | 34.55%(b) | 1.98% | 1.70%(c) | (0.14%) | 47% | $33,982 |
Year Ended 12/31/2016 | — | $9.84 | (3.20%)(b) | 1.84%(e) | 1.84%(e) | (0.11%) | 43% | $49,141 |
Year Ended 12/31/2015 | — | $10.24 | (18.25%) | 1.67% | 1.67% | 0.88% | 58% | $88,574 |
Advisor Class | ||||||||
Year Ended 12/31/2019 | — | $13.12 | 20.92%(b) | 1.89% | 1.29%(c) | 0.55% | 31% | $797 |
Year Ended 12/31/2018 | — | $10.85 | (17.39%)(b),(f) | 1.77%(e) | 1.27%(c),(e) | 0.79% | 53% | $828 |
Year Ended 12/31/2017 | — | $13.38 | 34.88%(b) | 1.73% | 1.43%(c) | 0.19% | 47% | $1,337 |
Year Ended 12/31/2016 | — | $9.92 | (2.91%) | 1.57%(e) | 1.57%(e) | 0.09% | 43% | $1,306 |
Year Ended 12/31/2015 | — | $10.32 | (18.04%) | 1.36% | 1.36% | 1.37% | 58% | $3,459 |
Class C | ||||||||
Year Ended 12/31/2019 | — | $12.73 | 19.76%(b) | 2.90% | 2.29%(c) | (0.45%) | 31% | $7,811 |
Year Ended 12/31/2018 | 0.01 | $10.63 | (18.20%)(b),(g) | 2.76%(e) | 2.26%(c),(e) | (0.20%) | 53% | $9,138 |
Year Ended 12/31/2017 | — | $13.09 | 33.57%(b) | 2.74% | 2.43%(c) | (0.78%) | 47% | $15,546 |
Year Ended 12/31/2016 | — | $9.80 | (3.92%)(b) | 2.60%(e) | 2.59%(e) | (0.87%) | 43% | $15,534 |
Year Ended 12/31/2015 | — | $10.20 | (18.83%) | 2.42% | 2.42% | 0.12% | 58% | $22,953 |
Institutional Class | ||||||||
Year Ended 12/31/2019 | — | $13.04 | 20.85%(b) | 1.89% | 1.29%(c) | 0.56% | 31% | $22,305 |
Year Ended 12/31/2018 | 0.01 | $10.79 | (17.28%)(b),(h) | 1.76%(e) | 1.26%(c),(e) | 0.79% | 53% | $25,476 |
Year Ended 12/31/2017 | — | $13.29 | 34.92%(b) | 1.74% | 1.42%(c) | 0.28% | 47% | $53,415 |
Year Ended 12/31/2016 | — | $9.85 | (3.04%)(b) | 1.59%(e) | 1.58%(e) | (0.04%) | 43% | $38,969 |
Year Ended 12/31/2015 | — | $10.26 | (17.98%) | 1.42% | 1.42% | 1.12% | 58% | $147,688 |
Institutional 2 Class | ||||||||
Year Ended 12/31/2019 | — | $13.14 | 20.99%(b) | 1.81% | 1.22% | 0.61% | 31% | $2,172 |
Year Ended 12/31/2018 | 0.01 | $10.86 | (17.24%)(b),(j) | 1.69%(e) | 1.19%(e) | 0.88% | 53% | $509 |
Year Ended 12/31/2017 | — | $13.38 | 35.02%(b) | 1.65% | 1.33% | 0.33% | 47% | $1,030 |
Year Ended 12/31/2016 | — | $9.91 | (2.90%) | 1.46%(e) | 1.46%(e) | (0.23%) | 43% | $806 |
Year Ended 12/31/2015 | — | $10.32 | (17.96%) | 1.34% | 1.34% | 1.22% | 58% | $12,643 |
Columbia Acorn Family of Funds | Annual Report 2019 | 117 |
Columbia Acorn Emerging Markets FundSM
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Tax return of capital | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Year Ended 12/31/2019 | $10.76 | 0.08 | 2.19 | 2.27 | — | — | — |
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) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | 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%. |
(e) | Ratios include line of credit interest expense which is less than 0.01%. |
(f) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.02%. |
(g) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.06%. |
(h) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.09%. |
(i) | Rounds to zero. |
(j) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.07%. |
118 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn Emerging Markets FundSM
Reimbursement from affiliate | Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | ||||||||
Year Ended 12/31/2019 | — | $13.03 | 21.10%(b) | 1.78% | 1.17% | 0.71% | 31% | $879 |
Year Ended 12/31/2018 | — | $10.76 | (17.27%)(b),(d) | 1.65%(e) | 1.14%(e) | 0.94% | 53% | $693 |
Year Ended 12/31/2017 | — | $13.27 | 35.13%(b) | 1.59% | 1.14% | 0.16% | 47% | $912 |
Year Ended 12/31/2016 | — | $9.82 | (2.92%)(b) | 1.45% | 1.45% | 0.29% | 43% | $2 |
Year Ended 12/31/2015 | — | $10.23 | (17.90%) | 1.27% | 1.27% | 1.24% | 58% | $2 |
Columbia Acorn Family of Funds | Annual Report 2019 | 119 |
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 | Total distributions to shareholders | |
Class A | ||||||
Year Ended 12/31/2019 | $15.56 | 0.06 | 7.09 | 7.15 | (0.19) | (0.19) |
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) |
Advisor Class | ||||||
Year Ended 12/31/2019 | $15.68 | 0.12 | 7.13 | 7.25 | (0.23) | (0.23) |
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) |
Class C | ||||||
Year Ended 12/31/2019 | $15.33 | (0.06) | 6.93 | 6.87 | (0.05) | (0.05) |
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)(e) | 0.48 | 0.48 | (0.01) | (0.01) |
Institutional Class | ||||||
Year Ended 12/31/2019 | $15.60 | 0.12 | 7.10 | 7.22 | (0.23) | (0.23) |
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) |
Institutional 2 Class | ||||||
Year Ended 12/31/2019 | $15.78 | 0.14 | 7.17 | 7.31 | (0.25) | (0.25) |
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) |
Institutional 3 Class | ||||||
Year Ended 12/31/2019 | $15.53 | 0.14 | 7.06 | 7.20 | (0.25) | (0.25) |
Year Ended 12/31/2018 | $19.17 | (0.04) | (3.48) | (3.52) | (0.12) | (0.12) |
Year Ended 12/31/2017(f) | $15.02 | 0.03 | 4.40 | 4.43 | (0.28) | (0.28) |
Notes to Financial Highlights | |
(a) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(b) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(c) | Ratios include line of credit interest expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Rounds to zero. |
(f) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
(g) | Annualized. |
120 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn European FundSM
Net asset value, end of period | Total return(a) | Total gross expense ratio to average net assets(b) | Total net expense ratio to average net assets(b) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Year Ended 12/31/2019 | $22.52 | 45.96% | 1.88% | 1.44% | 0.33% | 30% | $33,361 |
Year Ended 12/31/2018 | $15.56 | (18.78%) | 1.81%(c) | 1.45%(c) | 0.57% | 39% | $22,870 |
Year Ended 12/31/2017 | $19.27 | 37.89% | 1.94% | 1.58%(d) | 0.33% | 34% | $32,487 |
Year Ended 12/31/2016 | $14.12 | (3.47%) | 2.00% | 1.75% | 1.07% | 40% | $26,269 |
Year Ended 12/31/2015 | $14.75 | 4.17% | 2.06% | 1.75% | 0.67% | 37% | $40,368 |
Advisor Class | |||||||
Year Ended 12/31/2019 | $22.70 | 46.30% | 1.63% | 1.19% | 0.60% | 30% | $1,906 |
Year Ended 12/31/2018 | $15.68 | (18.53%) | 1.55%(c) | 1.19%(c) | 0.97% | 39% | $1,496 |
Year Ended 12/31/2017 | $19.36 | 38.29% | 1.71% | 1.28%(d) | 0.55% | 34% | $2,942 |
Year Ended 12/31/2016 | $14.18 | (3.27%) | 1.79% | 1.50% | 1.15% | 40% | $362 |
Year Ended 12/31/2015 | $14.82 | 4.48% | 1.81% | 1.50% | 1.59% | 37% | $408 |
Class C | |||||||
Year Ended 12/31/2019 | $22.15 | 44.79% | 2.64% | 2.19% | (0.30%) | 30% | $6,186 |
Year Ended 12/31/2018 | $15.33 | (19.34%) | 2.56%(c) | 2.20%(c) | (0.12%) | 39% | $8,770 |
Year Ended 12/31/2017 | $19.12 | 36.95% | 2.69% | 2.31%(d) | (0.25%) | 34% | $13,965 |
Year Ended 12/31/2016 | $13.99 | (4.21%) | 2.75% | 2.50% | 0.18% | 40% | $7,112 |
Year Ended 12/31/2015 | $14.63 | 3.41% | 2.82% | 2.50% | (0.02%) | 37% | $7,220 |
Institutional Class | |||||||
Year Ended 12/31/2019 | $22.59 | 46.35% | 1.63% | 1.19% | 0.64% | 30% | $49,616 |
Year Ended 12/31/2018 | $15.60 | (18.57%) | 1.56%(c) | 1.20%(c) | 0.80% | 39% | $32,813 |
Year Ended 12/31/2017 | $19.27 | 38.35% | 1.69% | 1.29%(d) | 0.77% | 34% | $48,965 |
Year Ended 12/31/2016 | $14.11 | (3.29%) | 1.73% | 1.50% | 1.29% | 40% | $11,345 |
Year Ended 12/31/2015 | $14.75 | 4.43% | 1.78% | 1.50% | 1.01% | 37% | $11,766 |
Institutional 2 Class | |||||||
Year Ended 12/31/2019 | $22.84 | 46.33% | 1.60% | 1.13% | 0.73% | 30% | $2,175 |
Year Ended 12/31/2018 | $15.78 | (18.44%) | 1.50%(c) | 1.13%(c) | 0.96% | 39% | $2,554 |
Year Ended 12/31/2017 | $19.46 | 38.32% | 1.64% | 1.28% | 1.14% | 34% | $3,988 |
Year Ended 12/31/2016 | $14.25 | (3.23%) | 1.68% | 1.47% | 1.26% | 40% | $1,262 |
Year Ended 12/31/2015 | $14.89 | 4.48% | 1.75% | 1.48% | 0.98% | 37% | $2,122 |
Institutional 3 Class | |||||||
Year Ended 12/31/2019 | $22.48 | 46.42% | 1.54% | 1.09% | 0.74% | 30% | $19 |
Year Ended 12/31/2018 | $15.53 | (18.51%) | 1.41%(c) | 1.08%(c) | (0.21%) | 39% | $3 |
Year Ended 12/31/2017(f) | $19.17 | 29.55% | 1.58%(g) | 1.09%(g) | 0.17%(g) | 34% | $210 |
Columbia Acorn Family of Funds | Annual Report 2019 | 121 |
December 31, 2019
122 | Columbia Acorn Family of Funds | Annual Report 2019 |
December 31, 2019
Columbia Acorn Family of Funds | Annual Report 2019 | 123 |
December 31, 2019
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 132,836* |
* | 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 ($) |
Equity risk | 17,116,780 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 132,836 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 69,389,273 |
124 | Columbia Acorn Family of Funds | Annual Report 2019 |
December 31, 2019
* | Based on the ending quarterly outstanding amounts for the year ended December 31, 2019. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 626,727 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 2,087,724 |
* | Based on the ending daily outstanding amounts for the year ended December 31, 2019. |
Columbia Acorn Family of Funds | Annual Report 2019 | 125 |
December 31, 2019
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn SelectSM | Columbia Acorn Emerging Markets FundSM | Columbia Acorn European FundSM | |
Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | |
Liabilities | ||||||
Collateral on Securities Loaned | 11,246,025 | 46,598,154 | 1,229,360 | 789,000 | 242,900 | 2,126,840 |
Total Liabilities | 11,246,025 | 46,598,154 | 1,229,360 | 789,000 | 242,900 | 2,126,840 |
Total Financial and Derivative Net Assets | (11,246,025) | (46,598,154) | (1,229,360) | (789,000) | (242,900) | (2,126,840) |
Financial Instruments | 11,301,714 | 44,403,298 | 1,133,470 | 727,458 | 227,259 | 2,041,650 |
Net Amount (a) | 55,689 | (2,194,856) | (95,890) | (61,542) | (15,641) | (85,190) |
(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 | $11,301,714 | $— | $— | $— | $11,301,714 |
Gross amount of recognized liabilities for securities lending (collateral received) | 11,246,025 | ||||
Amounts due to counterparty in the event of default | $(55,689) |
126 | Columbia Acorn Family of Funds | Annual Report 2019 |
December 31, 2019
Overnight and continuous | Up to 30 days | 30-90 days | Greater than 90 days | Total | |
Columbia Acorn International® | |||||
Securities lending transactions | |||||
Equity securities | $44,403,298 | $— | $— | $— | $44,403,298 |
Gross amount of recognized liabilities for securities lending (collateral received) | 46,598,154 | ||||
Amounts due to counterparty in the event of default | $2,194,856 | ||||
Columbia Acorn USA® | |||||
Securities lending transactions | |||||
Equity securities | $1,133,470 | $— | $— | $— | $1,133,470 |
Gross amount of recognized liabilities for securities lending (collateral received) | 1,229,360 | ||||
Amounts due to counterparty in the event of default | $95,890 | ||||
Columbia Acorn SelectSM | |||||
Securities lending transactions | |||||
Equity securities | $727,458 | $— | $— | $— | $727,458 |
Gross amount of recognized liabilities for securities lending (collateral received) | 789,000 | ||||
Amounts due to counterparty in the event of default | $61,542 | ||||
Columbia Acorn Emerging Markets FundSM | |||||
Securities lending transactions | |||||
Equity securities | $227,259 | $— | $— | $— | $227,259 |
Gross amount of recognized liabilities for securities lending (collateral received) | 242,900 | ||||
Amounts due to counterparty in the event of default | $15,641 | ||||
Columbia Acorn European FundSM | |||||
Securities lending transactions | |||||
Equity securities | $2,041,650 | $— | $— | $— | $2,041,650 |
Gross amount of recognized liabilities for securities lending (collateral received) | 2,126,840 | ||||
Amounts due to counterparty in the event of default | $85,190 |
Columbia Acorn Family of Funds | Annual Report 2019 | 127 |
December 31, 2019
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% |
128 | Columbia Acorn Family of Funds | Annual Report 2019 |
December 31, 2019
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 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 | 0.64 |
Columbia Thermostat FundSM | 0.10 |
Columbia Acorn Emerging Markets FundSM | 1.25 |
Columbia Acorn European FundSM | 1.19 |
Columbia Acorn Family of Funds | Annual Report 2019 | 129 |
December 31, 2019
Columbia Acorn Trust | |
Aggregate average daily net assets of the trust | Annual fee rate |
Up to $8 billion | 0.050% |
$8 billion to $16 billion | 0.040% |
$16 billion to $35 billion | 0.030% |
$35 billion to $45 billion | 0.025% |
$45 billion and over | 0.015% |
130 | Columbia Acorn Family of Funds | Annual Report 2019 |
December 31, 2019
Fund | Purchases ($) | Sales ($) | Realized gain/(loss) from sale transactions ($) |
Columbia Acorn International® | 1,771,218 | — | — |
Columbia Acorn European FundSM | — | 1,021,813 | 533,029 |
Columbia Acorn Family of Funds | Annual Report 2019 | 131 |
December 31, 2019
Fund | Class A (%) | Advisor Class (%) | Class C (%) | Institutional Class (%) | Institutional 2 Class (%) | Institutional 3 Class (%) | Class R (%) |
Columbia Acorn® Fund | 0.08 | 0.08 | 0.08 | 0.08 | 0.06 | 0.00 | — |
Columbia Acorn International® | 0.11 | 0.11 | 0.11 | 0.11 | 0.06 | 0.00 | 0.11 |
Columbia Acorn USA® | 0.13 | 0.13 | 0.13 | 0.13 | 0.05 | — | — |
Columbia Acorn International SelectSM | 0.14 | 0.14 | 0.14 | 0.14 | 0.05 | — | — |
Columbia Acorn SelectSM | 0.12 | 0.12 | 0.12 | 0.12 | 0.06 | 0.00 | — |
Columbia Thermostat FundSM | 0.10 | 0.10 | 0.10 | 0.10 | 0.06 | 0.01 | — |
Columbia Acorn Emerging Markets FundSM | 0.13 | 0.13 | 0.13 | 0.13 | 0.06 | 0.01 | — |
Columbia Acorn European FundSM | 0.11 | 0.11 | 0.11 | 0.11 | 0.05 | — | — |
Fund | Amount ($) |
Columbia Acorn® Fund | 7,439 |
Columbia Acorn International® | 8,156 |
Columbia Acorn USA® | 1,322 |
Columbia Acorn International SelectSM | 580 |
Columbia Acorn SelectSM | 1,300 |
Columbia Thermostat FundSM | 450 |
Columbia Acorn Emerging Markets FundSM | 40 |
132 | Columbia Acorn Family of Funds | Annual Report 2019 |
December 31, 2019
Front End (%) | CDSC (%) | Amount ($) | ||||
Fund | Class A | Class C | Class A | Class C | Class A | Class C |
Columbia Acorn® Fund | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 245,197 | 2,917 |
Columbia Acorn International® | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 71,964 | 1,096 |
Columbia Acorn USA® | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 45,810 | 729 |
Columbia Acorn International SelectSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 64,793 | 240 |
Columbia Acorn SelectSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 14,307 | 4 |
Columbia Thermostat FundSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 284,851 | 4,093 |
Columbia Acorn Emerging Markets FundSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 9,021 | 223 |
Columbia Acorn European FundSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 34,957 | 1,655 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Fund | Class A | Advisor | Class C | Institutional | Institutional 2 | Institutional 3 | |
Columbia Acorn International SelectSM | 1.31% | 1.06% | 2.06% | 1.06% | 0.97% | 0.92% |
Fund | Class A | Advisor | Class C | Institutional Class | Institutional Class 2 | Institutional Class 3 | |
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% |
Columbia Acorn Family of Funds | Annual Report 2019 | 133 |
December 31, 2019
Fund | Class A | Advisor | Class C | Institutional | Institutional Class 2 | Institutional Class 3 |
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% |
Fund | Class A | Advisor | Class C | Institutional | Institutional Class 2 | Institutional Class 3 | Class R |
Columbia Acorn® Fund | 1.11% | 0.86% | 1.86% | 0.86% | 0.82% | 0.78% | — |
Columbia Acorn International FundSM | 1.24% | 0.99% | 1.99% | 0.99% | 0.92% | 0.88% | 1.49% |
Fund | Class A | Advisor | Class C | Institutional Class | Institutional Class 2 | Institutional Class 3 |
Columbia Acorn Emerging Markets FundSM | 1.55% | 1.30% | 2.30% | 1.30% | 1.19% | 1.14% |
Columbia Acorn European FundSM | 1.45% | 1.20% | 2.20% | 1.20% | 1.13% | 1.08% |
Columbia Acorn International SelectSM | 1.40% | 1.15% | 2.15% | 1.15% | 1.06% | 1.01% |
Fund | Class A | Advisor | Class C | Institutional Class | Institutional Class 2 | Institutional Class 3 |
Columbia Thermostat FundSM | 0.50% | 0.25% | 1.25% | 0.25% | 0.20% | 0.15% |
Fund | Class A | Advisor | Class C | Institutional Class | Institutional Class 2 | Institutional Class 3 |
Columbia Acorn® Fund | 1.11% | 0.86% | 1.86% | 0.86% | 0.84% | 0.79% |
Columbia Acorn USA® | 1.42% | 1.17% | 2.17% | 1.17% | 1.08% | 1.03% |
134 | Columbia Acorn Family of Funds | Annual Report 2019 |
December 31, 2019
Fund | Expenses waived and/or reimbursed ($) |
Columbia Acorn® Fund | 526,759 |
Columbia Acorn International® | 752,249 |
Columbia Acorn USA® | 123,041 |
Columbia Acorn International SelectSM | 256,477 |
Columbia Acorn SelectSM | 577,740 |
Columbia Thermostat FundSM | 540,615 |
Columbia Acorn Emerging Markets FundSM | 353,052 |
Columbia Acorn European FundSM | 341,717 |
Fund | Undistributed (excess of distributions over) net investment income ($) | Accumulated net realized gain (loss) ($) | Paid in capital increase (decrease) ($) |
Columbia Acorn® Fund | 3,763,852 | (37,464,189) | 33,700,337 |
Columbia Acorn International® | 2,564,696 | (2,564,696) | — |
Columbia Acorn USA® | 446,604 | (2,034,068) | 1,587,464 |
Columbia Acorn International SelectSM | 107,089 | (107,089) | — |
Columbia Acorn SelectSM | 970,675 | (5,966,400) | 4,995,725 |
Columbia Thermostat FundSM | (69,686) | (2,522,637) | 2,592,323 |
Columbia Acorn Emerging Markets FundSM | 80,208 | 82,498 | (162,706) |
Columbia Acorn European FundSM | (4,126) | 4,126 | — |
Columbia Acorn Family of Funds | Annual Report 2019 | 135 |
December 31, 2019
Year Ended December 31, 2019 | Year Ended December 31, 2018 | ||||||
Fund | Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Tax return of capital ($) | Total ($) |
Columbia Acorn® Fund | — | 496,942,419 | 496,942,419 | 37,915,020 | 499,453,341 | — | 537,368,361 |
Columbia Acorn International® | 55,821,641 | 243,260,344 | 299,081,985 | 32,057,937 | 727,292,326 | — | 759,350,263 |
Columbia Acorn USA® | 2,301,803 | 32,204,318 | 34,506,121 | 3,405,694 | 40,748,093 | — | 44,153,787 |
Columbia Acorn International SelectSM | 2,144,105 | 10,853,970 | 12,998,075 | — | 7,949,544 | — | 7,949,544 |
Columbia Acorn SelectSM | — | 24,323,133 | 24,323,133 | 6,598,354 | 46,290,607 | — | 52,888,961 |
Columbia Thermostat FundSM | 20,939,965 | 15,177,349 | 36,117,314 | 18,363,013 | 17,140,765 | — | 35,503,778 |
Columbia Acorn Emerging Markets FundSM | — | — | — | 895,420 | — | 72,290 | 967,710 |
Columbia Acorn European FundSM | 825,760 | — | 825,760 | 700,145 | — | — | 700,145 |
Fund | Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
Columbia Acorn® Fund | — | 200,927,488 | — | 1,013,928,121 |
Columbia Acorn International® | 14,611,679 | 100,345,476 | — | 858,292,229 |
Columbia Acorn USA® | — | 6,700,747 | — | 60,540,143 |
Columbia Acorn International SelectSM | 670,388 | — | — | 37,149,085 |
Columbia Acorn SelectSM | 992,766 | 6,674,900 | — | 46,054,190 |
Columbia Thermostat FundSM | 6,514,040 | 5,759,456 | — | 42,218,646 |
Columbia Acorn Emerging Markets FundSM | — | — | (74,627,251) | 11,917,768 |
Columbia Acorn European FundSM | 410,423 | — | (6,998,201) | 29,963,394 |
Fund | Tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
Columbia Acorn® Fund | 3,170,405,147 | 1,032,234,605 | (18,306,484) | 1,013,928,121 |
Columbia Acorn International® | 1,895,356,787 | 893,230,980 | (34,938,751) | 858,292,229 |
Columbia Acorn USA® | 249,975,142 | 66,633,742 | (6,093,599) | 60,540,143 |
Columbia Acorn International SelectSM | 110,606,865 | 39,920,989 | (2,771,904) | 37,149,085 |
Columbia Acorn SelectSM | 207,446,274 | 49,176,307 | (3,122,117) | 46,054,190 |
Columbia Thermostat FundSM | 679,354,988 | 42,218,646 | — | 42,218,646 |
Columbia Acorn Emerging Markets FundSM | 44,982,368 | 14,400,770 | (2,483,002) | 11,917,768 |
Columbia Acorn European FundSM | 64,990,827 | 30,623,935 | (660,541) | 29,963,394 |
136 | Columbia Acorn Family of Funds | Annual Report 2019 |
December 31, 2019
Fund | No expiration short-term ($) | No expiration long-term ($) | Total ($) | Utilized ($) | Expired ($) |
Columbia Acorn Emerging Markets FundSM | (45,869,771) | (28,757,480) | (74,627,251) | — | — |
Columbia Acorn European FundSM | (6,998,201) | — | (6,998,201) | 1,460,895 | — |
Fund | Late year ordinary losses ($) | Post-October capital losses ($) |
Columbia Acorn International SelectSM | — | 798,590 |
Purchases ($) | Proceeds from sales ($) | |
Columbia Acorn® Fund | 4,194,233,277 | 4,813,578,526 |
Columbia Acorn International® | 821,417,653 | 1,295,637,909 |
Columbia Acorn USA® | 268,637,678 | 323,193,841 |
Columbia Acorn International SelectSM | 63,390,521 | 59,122,789 |
Columbia Acorn SelectSM | 352,255,707 | 396,850,576 |
Columbia Thermostat FundSM | 1,089,429,655 | 1,085,424,853 |
Columbia Acorn Emerging Markets FundSM | 17,651,150 | 31,485,149 |
Columbia Acorn European FundSM | 22,933,448 | 30,929,158 |
Columbia Acorn Family of Funds | Annual Report 2019 | 137 |
December 31, 2019
Fund | Average loan balance ($) | Weighted average interest rate (%) | Days outstanding |
Columbia Acorn International® | 15,600,000 | 3.13 | 2 |
Columbia Acorn USA® | 4,100,000 | 3.49 | 2 |
Columbia Acorn International SelectSM | 500,000 | 3.44 | 3 |
Columbia Acorn SelectSM | 1,680,000 | 3.35 | 5 |
Columbia Thermostat FundSM | 5,266,667 | 3.48 | 6 |
138 | Columbia Acorn Family of Funds | Annual Report 2019 |
December 31, 2019
Fund | Number of unaffiliated accounts | Percentage of shares outstanding held — unaffiliated (%) | Percentage of shares outstanding held — affiliated (%) |
Columbia Acorn® Fund | — | — | — |
Columbia Acorn International® | 1 | 12.7 | — |
Columbia Acorn USA® | 1 | 25.4 | — |
Columbia Acorn International SelectSM | — | — | 27.8 |
Columbia Acorn SelectSM | 1 | 18.3 | 14.1 |
Columbia Thermostat FundSM | 1 | 14.6 | 21.5 |
Columbia Acorn Emerging Markets FundSM | 1 | 18.9 | 31.5 |
Columbia Acorn European FundSM | 3 | 35.9 | 25.7 |
Columbia Acorn Family of Funds | Annual Report 2019 | 139 |
December 31, 2019
140 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn Family of Funds | Annual Report 2019 | 141 |
(Unaudited)
Qualified dividend income | Dividends received deduction | Capital gain dividend | Foreign taxes paid to foreign countries | Foreign taxes paid per share to foreign countries | Foreign source income | Foreign source income per share | |
Columbia Acorn® Fund | 0.00% | 0.00% | $563,463,175 | $0 | $0.0000 | $0 | $0.00 |
Columbia Acorn International® | 89.01% | 0.59% | $196,384,674 | $3,116,727 | $0.0393 | $52,950,211 | $0.67 |
Columbia Acorn USA® | 0.00% | 0.00% | $33,347,490 | $0 | $0.0000 | $0 | $0.00 |
Columbia Acorn International SelectSM | 100.00% | 0.00% | $10,140,571 | $168,746 | $0.0329 | $2,261,878 | $0.44 |
Columbia Acorn SelectSM | 0.00% | 0.00% | $31,311,069 | $0 | $0.0000 | $0 | $0.00 |
Columbia Thermostat FundSM | 12.22% | 11.57% | $17,852,561 | $31,787 | $0.0007 | $391,898 | $0.01 |
Columbia Acorn Emerging Markets FundSM | 0.00% | 0.00% | $0 | $231,765 | $0.0531 | $1,159,638 | $0.27 |
Columbia Acorn European FundSM | 100.00% | 0.00% | $0 | $126,313 | $0.0305 | $1,434,925 | $0.35 |
142 | Columbia Acorn Family of Funds | Annual Report 2019 |
Shareholder Services Group
71 S Wacker Drive, Suite 2500
Chicago, IL 60606
800.922.6769
Name and age at December 31, 2019 | Year first appointed or elected to a Board in the Columbia Funds Complex | Principal occupation(s) during the past five years | Number of Funds in the Columbia Funds Complex overseen (1) | Other directorships held by the Trustee during the past five years in addition to Columbia Acorn Trust and Wanger Advisors Trust |
Laura M. Born, 54, Chair | 2007 | Adjunct Professor of Finance, University of Chicago Booth School of Business since 2007; Advisory Board Member, Driehaus Capital Management since 2018; Director, Carlson Inc. (private global travel company) since 2015; Managing Director – Investment Banking, JP Morgan Chase & Co. (broker-dealer) 2002-2007. | 11 | None. |
Maureen M. Culhane, 71 | 2007 | Retired. Formerly, Vice President, Goldman Sachs Asset Management, L.P. (investment adviser), 2005-2007; Vice President (Consultant) – Strategic Relationship Management, Goldman, Sachs & Co., 1999-2005. | 11 | None. |
Margaret M. Eisen, 66 | 2002 | Trustee, Smith College, 2012-2016; Chief Investment Officer, EAM International LLC (corporate finance and asset management), 2003-2013; Managing Director, CFA Institute, 2005-2008. | 11 | Chair, RMB Investors Trust (9 series). |
Eric A. Feldstein (2), 60 | 2018 | Chief Financial Officer, Health Care Service Corporation (HCSC) since 2016; Executive Vice President, American Express Company, 2010-2016. | 11 | Board Member, (as HCSC’s delegate), BCS Financial Corporation, 2016-2019; Board Member, Northern Trust Mutual Fund Complex (51 series), 2015-2016. |
John C. Heaton, 60 | 2010 | Joseph L. Gidwitz Professor of Finance, University of Chicago Booth School of Business since July 2000; Deputy Dean for Faculty, University of Chicago Booth School of Business, 2012-2019. | 11 | None. |
Columbia Acorn Family of Funds | Annual Report 2019 | 143 |
Name and age at December 31, 2019 | Year first appointed or elected to a Board in the Columbia Funds Complex | Principal occupation(s) during the past five years | Number of Funds in the Columbia Funds Complex overseen (1) | Other directorships held by the Trustee during the past five years in addition to Columbia Acorn Trust and Wanger Advisors Trust |
Charles R. Phillips, 63 | 2015 | Retired. Formerly, Vice Chairman, J.P. Morgan Private Bank, 2011-2014; Managing Director, J.P. Morgan Private Bank, 2001-2011. | 11 | None. |
David J. Rudis, 66, Vice Chair | 2010 | Chief Executive Officer, Finger Rock, LLC (strategic consulting business). Formerly, National Checking and Debit Executive, and Illinois President, Bank of America, 2007-2009; President, Consumer Banking Group, LaSalle National Bank, 2004-2007. | 11 | None. |
Name and age at December 31, 2019 | Year first appointed or elected to a Board in the Columbia Funds Complex | Principal occupation(s) during the past five years | Number of Funds in the Columbia Funds Complex overseen (1) | Other directorships held by the Trustee during the past five years in addition to Columbia Acorn Trust and Wanger Advisors Trust |
Ralph Wanger, 85 (3) | 1970 (4) | Founder, CWAM. Formerly, President, Chief Investment Officer and portfolio manager, CWAM or its predecessors, July 1992-September 2003; Director, Wanger Investment Company PLC; Consultant, CWAM or its predecessors, September 2003-September 2005. | 11 | None. |
(1) | The Trustees oversee the series of Wanger Advisors Trust and Columbia Acorn Trust. |
(2) | Mr. Feldstein no longer serves as a trustee of the Trust effective January 1, 2020. |
(3) | As permitted under the Trust’s Bylaws, Mr. Wanger serves as a non-voting Trustee Emeritus of Columbia Acorn Trust and Wanger Advisors Trust. |
(4) | Dates prior to April 1992 correspond to the date first elected as a director of The Acorn Fund, Inc., the Trust’s predecessor. |
Name and age at December 31, 2019 | Position held with Columbia Acorn Trust and Wanger Advisors Trust | Year first appointed or elected to office | Principal occupation(s) during the past five years |
Michael G. Clarke, 50 | Assistant Treasurer | 2004 | Vice President – Accounting and Tax, Columbia Management Investment Advisers, LLC since May 2010; senior officer of Columbia Funds and affiliated funds since 2002. |
David L. Frank, 56 | Vice President | 2014 | Portfolio manager and/or analyst, CWAM or its predecessors since 2002. |
Paul B. Goucher, 51 | Assistant Secretary | 2015 | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since March 2015. |
Tae Han (Simon) Kim, 39 | Vice President | 2018 | Portfolio manager and/or analyst, CWAM since 2011. |
144 | Columbia Acorn Family of Funds | Annual Report 2019 |
Name and age at December 31, 2019 | Position held with Columbia Acorn Trust and Wanger Advisors Trust | Year first appointed or elected to office | Principal occupation(s) during the past five years |
John Kunka, 49 | Treasurer | 2006 | Vice President, Treasurer and Principal Accounting and Financial Officer, Columbia Acorn Trust and Wanger Advisors Trust since 2014; Treasurer and Chief Financial Officer, CWAM since 2014; Vice President of Accounting and Operations, CWAM since May 2006. |
Stephen Kusmierczak, 52 | Vice President | 2011 | Portfolio manager and/or analyst, CWAM or its predecessors since 2001. |
Joseph C. LaPalm, 50 | Vice President | 2006 | Chief Compliance Officer, CWAM since 2005. |
Ryan C. Larrenaga, 49 | Assistant Secretary | 2015 | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously, Vice President and Group Counsel, August 2011 - August 2018); officer of Columbia Funds and affiliated funds since 2005. |
Matthew A. Litfin, 48 | Co-President | 2019 | Director of Research (U.S.) and portfolio manager, CWAM since December 2015; Vice President, Columbia Acorn Trust and Wanger Advisors Trust, 2016 - 2019; formerly, portfolio manager, William Blair & Company 1993-2015. |
Satoshi Matsunaga, 48 | Vice President | 2015 | Portfolio manager and/or analyst, CWAM or its predecessors since 2005. |
Thomas P. McGuire, 47 | Chief Compliance Officer | 2015 | Senior Vice President and Chief Compliance Officer of the Columbia Funds since 2012; Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Ameriprise Certificate Company since September 2010. |
Louis J. Mendes III, 55 | Co-President | 2019 | Director of International Research, CWAM, since 2015; Principal Executive Officer, Columbia Acorn Trust and Wanger Advisors Trust since 2019; Vice President, Columbia Acorn Trust and Wanger Advisors Trust, 2003-2019; portfolio manager and/or analyst, CWAM or its predecessors since 2001. |
Julian Quero, 52 | Assistant Treasurer | 2015 | Vice President – Tax, Columbia Management Investment Advisers, LLC since 2009. |
Martha A. Skinner, 45 | Assistant Treasurer | 2016 | Vice President of Financial Reporting and Administration, Columbia Management since November 2015; Director of Financial Reporting, Columbia Management, April 2013-November 2015. |
Richard Watson, 50 | Vice President | 2018 | Portfolio manager and/or analyst, CWAM or its predecessors since 2006. |
Linda Roth-Wiszowaty, 50 | Secretary | 2006 | Business support analyst, CWAM since April 2007. |
Charles C. Young, 51 | Vice President | 2018 | Portfolio manager and/or analyst, CWAM since 2011; associated with CWAM or its predecessors since 1995. |
Columbia Acorn Family of Funds | Annual Report 2019 | 145 |
as of December 31, 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) | 0.18% | 0.18% | 0.18% | 0.18% | 0.15% | 0.10% | ||||||||||
Net expense ratio | 1.10% | 0.85% | 1.85% | 0.85% | 0.82% | 0.77% | ||||||||||
Columbia Acorn International® | ||||||||||||||||
Investment advisory fee | 0.79% | 0.79% | 0.79% | 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) | 0.20% | 0.20% | 0.21% | 0.20% | 0.14% | 0.10% | 0.21% | |||||||||
Net expense ratio | 1.24% | 0.99% | 2.00% | 0.99% | 0.93% | 0.89% | 1.50% | |||||||||
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) | 0.24% | 0.24% | 0.24% | 0.24% | 0.16% | 0.11% | ||||||||||
Net expense ratio | 1.41% | 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) | 0.21% | 0.21% | 0.21% | 0.21% | 0.11% | 0.07% | ||||||||||
Net expense ratio | 1.35% | 1.10% | 2.10% | 1.10% | 1.00% | 0.96% | ||||||||||
Columbia Acorn SelectSM | ||||||||||||||||
Investment advisory fee | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | ||||||||||
Distribution and/or service fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses(a) | 0.28% | 0.28% | 0.28% | 0.28% | 0.21% | 0.16% | ||||||||||
Net expense ratio | 1.17% | 0.92% | 1.92% | 0.92% | 0.85% | 0.80% | ||||||||||
Columbia Thermostat FundSM | ||||||||||||||||
Investment advisory fee | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | ||||||||||
Distribution and/or service fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | ||||||||||
Other expenses(a) | 0.15% | 0.15% | 0.15% | 0.15% | 0.11% | 0.06% | ||||||||||
Net expense ratio(b) | 0.50% | 0.25% | 1.25% | 0.25% | 0.21% | 0.16% | ||||||||||
Columbia Acorn Emerging Markets FundSM | ||||||||||||||||
Investment advisory fee | 1.25% | 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) | 0.04% | 0.04% | 0.04% | 0.04% | -0.03% | -0.08% | ||||||||||
Net expense ratio | 1.54% | 1.29% | 2.29% | 1.29% | 1.22% | 1.17% | ||||||||||
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% | 0.00% | 0.00% | -0.06% | -0.10% | ||||||||||
Net expense ratio | 1.44% | 1.19% | 2.19% | 1.19% | 1.13% | 1.09% |
(a) | Other expenses include certain fee waivers and/or reimbursements, if applicable, which can potentially exceed other expenses charged. |
(b) | Does not include estimated fees and expenses of 0.39% incurred by the Fund from the underlying portfolio funds in which it invests. |
146 | Columbia Acorn Family of Funds | Annual Report 2019 |
Columbia Acorn Family of Funds | Annual Report 2019 | 147 |
Item 2. Code of Ethics.
(a)The registrant has adopted a code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party.
(b)During the period covered by this report, there were not any amendments to a provision of the code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics definition enumerated in paragraph (b) of this Item.
(c)During the period covered by this report, there were no waivers, including any implicit waivers, from a provision of the code of ethics to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party that relates to one or more of the items set forth in paragraph (b) of this Item.
Item 3. Audit Committee Financial Expert.
During the period covered by this report, the registrant's Board of Trustees determined that Eric Feldstein, a member of the registrant's Board of Trustees and Audit Committee, qualified as an audit committee financial expert. During the period covered by this report, Mr. Feldstein was an independent trustee, as defined in paragraph (a)(2) of this item's instructions. Mr. Feldstein no longer serves on the registrant's Board of Trustees effective January 1, 2020.
Item 4. Principal Accountant Fees and Services.
Fee information below is disclosed for the eight series of the registrant whose reports to stockholders are included in this annual filing.
(a)Audit Fees. Aggregate Audit Fees billed by the principal accountant for professional services rendered during the fiscal years ended December 31, 2019 and December 31,
2018 are approximately as follows:
2019 | 2018 |
$223,000 | $272,000 |
Audit Fees include amounts related to the audit of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years.
(b)Audit-Related Fees. Aggregate Audit-Related Fees billed to the registrant by the principal accountant for professional services rendered during the fiscal years ended December 31, 2019 and December 31, 2018 are approximately as follows:
2019 | 2018 |
$27,030 | $26,500 |
Audit-Related Fees include amounts for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant's financial statements and are not reported in Audit Fees above. In both fiscal years 2019 and 2018, Audit-Related Fees consist of agreed-upon procedures performed for other audit-related additional testing.
During the fiscal years ended December 31, 2019 and December 31, 2018, there were no Audit-Related Fees billed by the registrant's principal accountant to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for an engagement that related directly to the operations and financial reporting of the registrant.
(c)Tax Fees. Aggregate Tax Fees billed by the principal accountant to the registrant for professional services rendered during the fiscal years ended December 31, 2019 and December 31, 2018 are approximately as follows:
2019 | 2018 |
$86,100 | $75,400 |
Tax Fees incurred in both fiscal years 2019 and 2018 relate to the review of annual tax returns, the review of required shareholder distribution calculations and include amounts for professional services by the principal accountant for tax compliance, tax advice and tax planning.
During the fiscal years ended December 31, 2019 and December 31, 2018, there were no Tax Fees billed by the registrant's principal accountant to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for an engagement that related directly to the operations and financial reporting of the registrant.
(d)All Other Fees. Aggregate All Other Fees billed by the principal accountant to the registrant for professional services rendered during the fiscal years ended December 31,
2019 and December 31, 2018 are as follows:
20192018
$0$0
All Other Fees include amounts for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) above. Aggregate All Other Fees billed by the registrant's principal accountant to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for an engagement that related directly to the operations and financial reporting of the registrant during the fiscal years ended December 31, 2019 and December 31, 2018 are approximately as follows:
2019 | 2018 |
$225,000 | $225,000 |
In both fiscal years 2019 and 2018, All Other Fees primarily consist of professional services rendered for internal control reviews.
(e)(1) Audit Committee Pre-Approval Policies and Procedures
The policy of the registrant's Audit Committee is to specifically pre-approve (i) all audit and non-audit (including audit related, tax and all other) services provided by the registrant's independent auditor to the registrant and individual funds (collectively "Fund Services") and (ii) all non-audit services provided by the registrant's independent auditor to the funds' adviser or a control affiliate of the adviser, that relate directly to the funds' operations and financial reporting (collectively "Fund-related Adviser Services"). A "control affiliate" is an entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the funds, and the term "adviser" is deemed to exclude any unaffiliated sub-adviser whose role is primarily portfolio management and is sub-contracted or overseen by another investment adviser.
If such Fund Services or Fund-related Adviser Services are required during the period between the Audit Committee's regularly scheduled meetings, the Chairman of the Audit Committee has the authority to pre-approve the service, with reporting to the full Audit Committee at the next regularly scheduled meeting.
The Audit Committee will waive pre-approval of Fund Services or Fund-related Adviser Services provided that the requirements under paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X are met.
(e)(2) The percentage of services described in paragraphs (b) through (d) of this Item approved pursuant to the "de minimis" exception under paragraph (c)(7)(i)(C) of Rule 2- 01 of Regulation S-X during both fiscal years ended December 31, 2019 and December 31, 2018 was zero.
(f) Not applicable.
(g)The aggregate non-audit fees billed by the registrant's accountant for services rendered to the registrant, and rendered to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for the fiscal years ended December 31, 2019 and December 31, 2018 are approximately as follows:
2019 | 2018 |
$338,100 | $326,900 |
(h)The registrant's Audit Committee of the Board of Directors has considered whether the provision of non-audit services that were rendered to the registrant's adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X, is compatible with maintaining the principal accountant's independence.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments
(a)The registrant's "Schedule I – Investments in securities of unaffiliated issuers" (as set forth in 17 CFR 210.12-12) is included in Item 1 of this Form N-CSR.
(b)Not applicable
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of directors.
Item 11. Controls and Procedures.
(a)The registrant's principal executive officer and principal financial officer, based on their evaluation of the registrant's disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form N-CSR is accumulated and communicated to the registrant's management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
(b)There was no change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 13. Exhibits.
(a)(1) Code of ethics required to be disclosed under Item 2 of Form N-CSR attached hereto as Exhibit 99.CODE ETH.
(a)(2) Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.
(a)(3) Not applicable.
(b)Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940
(17 CFR 270.30a-2(b)) attached hereto as Exhibit 99.906CERT.
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 |
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By (Signature and Title) | /s/ Louis Mendes | _______ |
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| Louis Mendes, Co-President and Principal Executive Officer | |||
Date |
| February 21, 2020 |
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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 |
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| Louis Mendes, Co-President and Principal Executive Officer | |
Date |
| February 21, 2020 |
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By (Signature and Title) | /s/ John M. Kunka | ||
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| John M. Kunka, Treasurer and Principal Accounting and Financial Officer | |
Date |
| February 21, 2020 |
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