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
Matthew Litfin
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, 2020
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, 2020
Acorn® Fund
Acorn International®
Acorn USA®
Acorn International SelectSM
Thermostat FundSM
Acorn European FundSM
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Columbia Acorn® Fund
Average annual total returns (%) (for the period ended December 31, 2020) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 10/16/00 | 29.18 | 16.26 | 11.83 | 14.08 |
Including sales charges | 21.80 | 14.89 | 11.17 | 13.94 | ||
Advisor Class | 11/08/12 | 29.44 | 16.54 | 12.10 | 14.43 | |
Class C | Excluding sales charges | 10/16/00 | 28.27 | 15.39 | 11.01 | 13.21 |
Including sales charges | 27.30 | 15.39 | 11.01 | 13.21 | ||
Institutional Class | 06/10/70 | 29.51 | 16.56 | 12.14 | 14.44 | |
Institutional 2 Class | 11/08/12 | 29.50 | 16.59 | 12.16 | 14.44 | |
Institutional 3 Class | 11/08/12 | 29.54 | 16.65 | 12.21 | 14.45 | |
Russell 2500 Growth Index | 40.47 | 18.68 | 15.00 | - |
Columbia Acorn Family of Funds | Annual Report 2020 | 3 |
Columbia Acorn® Fund
Portfolio breakdown (%) (at December 31, 2020) | |
Common Stocks | 95.9 |
Limited Partnerships | 0.5 |
Money Market Funds | 0.8 |
Securities Lending Collateral | 2.8 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2020) | |
Communication Services | 2.4 |
Consumer Discretionary | 14.8 |
Consumer Staples | 2.2 |
Financials | 4.1 |
Health Care | 31.7 |
Industrials | 13.4 |
Information Technology | 26.1 |
Materials | 3.4 |
Real Estate | 1.9 |
Total | 100.0 |
4 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn® Fund
Columbia Acorn Family of Funds | Annual Report 2020 | 5 |
Columbia Acorn® Fund
6 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn International®
Average annual total returns (%) (for the period ended December 31, 2020) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 10/16/00 | 14.68 | 9.89 | 6.66 | 9.91 |
Including sales charges | 8.08 | 8.60 | 6.03 | 9.68 | ||
Advisor Class | 11/08/12 | 14.98 | 10.15 | 6.93 | 10.28 | |
Class C | Excluding sales charges | 10/16/00 | 13.82 | 9.07 | 5.86 | 9.09 |
Including sales charges | 12.84 | 9.07 | 5.86 | 9.09 | ||
Institutional Class | 09/23/92 | 14.99 | 10.17 | 6.96 | 10.30 | |
Institutional 2 Class | 08/02/11 | 15.06 | 10.23 | 7.00 | 10.30 | |
Institutional 3 Class | 11/08/12 | 15.10 | 10.28 | 7.04 | 10.33 | |
Class R | 08/02/11 | 14.40 | 9.60 | 6.33 | 9.62 | |
MSCI ACWI ex USA SMID Cap Growth Index (Net) | 19.88 | 10.43 | 6.57 | - | ||
MSCI ACWI ex USA SMID Cap Index (Net) | 12.01 | 8.94 | 5.61 | - |
Columbia Acorn Family of Funds | Annual Report 2020 | 7 |
Columbia Acorn International®
Equity sector breakdown (%) (at December 31, 2020) | |
Communication Services | 4.6 |
Consumer Discretionary | 13.3 |
Consumer Staples | 2.7 |
Energy | 0.6 |
Financials | 8.1 |
Health Care | 15.6 |
Industrials | 19.0 |
Information Technology | 25.5 |
Materials | 5.7 |
Real Estate | 4.9 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2020) | |
Australia | 4.4 |
Austria | 0.8 |
Brazil | 2.5 |
Cambodia | 1.1 |
Canada | 2.5 |
China | 3.6 |
Cyprus | 0.7 |
Denmark | 2.9 |
France | 0.6 |
Country breakdown (%) (at December 31, 2020) | |
Germany | 6.9 |
Greece | 0.4 |
Hong Kong | 0.9 |
Ireland | 1.0 |
Italy | 2.8 |
Japan | 18.7 |
Malta | 1.5 |
Mexico | 0.6 |
Netherlands | 4.2 |
New Zealand | 1.9 |
Singapore | 2.4 |
South Korea | 3.4 |
Spain | 2.6 |
Sweden | 9.9 |
Switzerland | 3.0 |
Taiwan | 2.8 |
Thailand | 0.8 |
United Kingdom | 12.8 |
United States(a) | 4.3 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
8 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn International®
Columbia Acorn Family of Funds | Annual Report 2020 | 9 |
Columbia Acorn International®
10 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn USA®
Average annual total returns (%) (for the period ended December 31, 2020) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 10/16/00 | 23.70 | 16.29 | 12.41 | 11.09 |
Including sales charges | 16.62 | 14.92 | 11.74 | 10.82 | ||
Advisor Class | 11/08/12 | 24.08 | 16.59 | 12.70 | 11.44 | |
Class C | Excluding sales charges | 10/16/00 | 22.79 | 15.45 | 11.60 | 10.28 |
Including sales charges | 21.79 | 15.45 | 11.60 | 10.28 | ||
Institutional Class | 09/04/96 | 24.04 | 16.59 | 12.70 | 11.44 | |
Institutional 2 Class | 11/08/12 | 24.10 | 16.69 | 12.77 | 11.47 | |
Institutional 3 Class | 11/08/12 | 24.16 | 16.74 | 12.81 | 11.49 | |
Russell 2000 Growth Index | 34.63 | 16.36 | 13.48 | - |
Columbia Acorn Family of Funds | Annual Report 2020 | 11 |
Columbia Acorn USA®
Portfolio breakdown (%) (at December 31, 2020) | |
Common Stocks | 96.1 |
Limited Partnerships | 0.6 |
Money Market Funds | 1.0 |
Securities Lending Collateral | 2.3 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2020) | |
Consumer Discretionary | 14.4 |
Consumer Staples | 3.1 |
Financials | 5.5 |
Health Care | 38.2 |
Industrials | 15.5 |
Information Technology | 18.9 |
Materials | 1.6 |
Real Estate | 2.8 |
Total | 100.0 |
12 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn USA®
Columbia Acorn Family of Funds | Annual Report 2020 | 13 |
Columbia Acorn USA®
14 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn International SelectSM
Average annual total returns (%) (for the period ended December 31, 2020) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 10/16/00 | 18.21 | 13.51 | 8.06 | 9.10 |
Including sales charges | 11.43 | 12.17 | 7.42 | 8.81 | ||
Advisor Class | 11/08/12 | 18.51 | 13.80 | 8.35 | 9.43 | |
Class C | Excluding sales charges | 10/16/00 | 17.37 | 12.66 | 7.23 | 8.28 |
Including sales charges | 16.37 | 12.66 | 7.23 | 8.28 | ||
Institutional Class | 11/23/98 | 18.50 | 13.80 | 8.36 | 9.44 | |
Institutional 2 Class | 11/08/12 | 18.63 | 13.89 | 8.42 | 9.46 | |
Institutional 3 Class | 11/08/12 | 18.67 | 13.94 | 8.46 | 9.48 | |
MSCI ACWI ex USA Growth Index (Net) | 22.20 | 11.97 | 6.94 | - | ||
MSCI ACWI ex USA Index (Net) | 10.65 | 8.93 | 4.92 | - |
Columbia Acorn Family of Funds | Annual Report 2020 | 15 |
Columbia Acorn International SelectSM
Equity sector breakdown (%) (at December 31, 2020) | |
Communication Services | 10.0 |
Consumer Discretionary | 14.7 |
Financials | 7.7 |
Health Care | 16.8 |
Industrials | 18.5 |
Information Technology | 27.5 |
Materials | 2.7 |
Real Estate | 2.1 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2020) | |
Australia | 2.3 |
Brazil | 2.0 |
Canada | 2.7 |
China | 12.5 |
Denmark | 2.7 |
Germany | 4.4 |
Country breakdown (%) (at December 31, 2020) | |
Italy | 4.0 |
Japan | 16.4 |
Malta | 0.0(a) |
Netherlands | 5.8 |
New Zealand | 3.0 |
Singapore | 2.1 |
South Korea | 5.7 |
Sweden | 13.0 |
Switzerland | 7.1 |
Taiwan | 2.3 |
United Kingdom | 13.3 |
United States(b) | 0.7 |
Total | 100.0 |
(a) | Rounds to zero. |
(b) | Includes investments in Money Market Funds. |
16 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn International SelectSM
Columbia Acorn Family of Funds | Annual Report 2020 | 17 |
Columbia Acorn International SelectSM
18 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Thermostat FundSM
Average annual total returns (%) (for the period ended December 31, 2020) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 03/03/03 | 29.27 | 10.27 | 8.31 | 7.97 |
Including sales charges | 21.86 | 8.98 | 7.67 | 7.62 | ||
Advisor Class | 11/08/12 | 29.58 | 10.55 | 8.58 | 8.24 | |
Class C | Excluding sales charges | 03/03/03 | 28.28 | 9.45 | 7.50 | 7.17 |
Including sales charges | 27.28 | 9.45 | 7.50 | 7.17 | ||
Institutional Class | 09/25/02 | 29.63 | 10.55 | 8.59 | 8.25 | |
Institutional 2 Class | 11/08/12 | 29.59 | 10.58 | 8.61 | 8.26 | |
Institutional 3 Class | 11/08/12 | 29.69 | 10.64 | 8.65 | 8.28 | |
Blended Benchmark | 13.66 | 10.03 | 9.02 | - | ||
S&P 500® Index | 18.40 | 15.22 | 13.88 | - | ||
Bloomberg Barclays U.S. Aggregate Bond Index | 7.51 | 4.44 | 3.84 | - |
Columbia Acorn Family of Funds | Annual Report 2020 | 19 |
Columbia Thermostat FundSM
Portfolio breakdown (%) (at December 31, 2020) | |
Equity Funds | 45.0 |
Exchange-Traded Equity Funds | 4.9 |
Exchange-Traded Fixed Income Funds | 5.0 |
Fixed Income Funds | 44.7 |
Money Market Funds | 0.4 |
Total | 100.0 |
20 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Thermostat FundSM
Columbia Acorn Family of Funds | Annual Report 2020 | 21 |
Columbia Thermostat FundSM
22 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn European FundSM
Average annual total returns (%) (for the period ended December 31, 2020) | |||||
Inception | 1 Year | 5 Years | Life of Fund | ||
Class A | Excluding sales charges | 08/19/11 | 22.80 | 14.15 | 12.31 |
Including sales charges | 15.76 | 12.80 | 11.60 | ||
Advisor Class | 06/25/14 | 23.10 | 14.44 | 12.60 | |
Class C | Excluding sales charges | 08/19/11 | 21.87 | 13.30 | 11.48 |
Including sales charges | 20.87 | 13.30 | 11.48 | ||
Institutional Class | 08/19/11 | 23.08 | 14.44 | 12.59 | |
Institutional 2 Class | 11/08/12 | 23.23 | 14.51 | 12.63 | |
Institutional 3 Class | 03/01/17 | 23.24 | 14.51 | 12.63 | |
MSCI AC Europe Small Cap Index (Net) | 14.11 | 9.43 | 11.00 |
Columbia Acorn Family of Funds | Annual Report 2020 | 23 |
Columbia Acorn European FundSM
Equity sector breakdown (%) (at December 31, 2020) | |
Communication Services | 3.8 |
Consumer Discretionary | 5.3 |
Consumer Staples | 1.9 |
Financials | 7.6 |
Health Care | 20.5 |
Industrials | 30.5 |
Information Technology | 23.7 |
Materials | 5.5 |
Real Estate | 1.2 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2020) | |
Austria | 1.5 |
Denmark | 5.2 |
France | 2.0 |
Germany | 12.9 |
Greece | 0.8 |
Ireland | 1.7 |
Italy | 6.8 |
Malta | 1.5 |
Netherlands | 5.5 |
Spain | 4.2 |
Sweden | 22.9 |
Switzerland | 7.4 |
United Kingdom | 23.0 |
United States(a) | 4.6 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
24 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn European FundSM
Columbia Acorn Family of Funds | Annual Report 2020 | 25 |
Columbia Acorn European FundSM
26 | Columbia Acorn Family of Funds | Annual Report 2020 |
(Unaudited)
July 1, 2020 — December 31, 2020 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Columbia Acorn® Fund | |||||||
Class A | 1,000.00 | 1,000.00 | 1,279.90 | 1,019.61 | 6.30 | 5.58 | 1.10 |
Advisor Class | 1,000.00 | 1,000.00 | 1,281.20 | 1,020.86 | 4.87 | 4.32 | 0.85 |
Class C | 1,000.00 | 1,000.00 | 1,273.90 | 1,015.84 | 10.57 | 9.37 | 1.85 |
Institutional Class | 1,000.00 | 1,000.00 | 1,282.10 | 1,020.86 | 4.88 | 4.32 | 0.85 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,282.00 | 1,021.01 | 4.70 | 4.17 | 0.82 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,281.80 | 1,021.22 | 4.47 | 3.96 | 0.78 |
Columbia Acorn Family of Funds | Annual Report 2020 | 27 |
(Unaudited)
July 1, 2020 — December 31, 2020 | |||||||
Account value at the beginning of the period ($) | 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 | 1,261.90 | 1,018.90 | 7.05 | 6.29 | 1.24 |
Advisor Class | 1,000.00 | 1,000.00 | 1,263.40 | 1,020.16 | 5.63 | 5.03 | 0.99 |
Class C | 1,000.00 | 1,000.00 | 1,257.10 | 1,015.13 | 11.29 | 10.08 | 1.99 |
Institutional Class | 1,000.00 | 1,000.00 | 1,263.40 | 1,020.16 | 5.63 | 5.03 | 0.99 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,264.00 | 1,020.51 | 5.24 | 4.67 | 0.92 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,263.90 | 1,020.71 | 5.01 | 4.47 | 0.88 |
Class R | 1,000.00 | 1,000.00 | 1,259.90 | 1,017.65 | 8.46 | 7.56 | 1.49 |
Columbia Acorn USA® | |||||||
Class A | 1,000.00 | 1,000.00 | 1,339.60 | 1,018.10 | 8.23 | 7.10 | 1.40 |
Advisor Class | 1,000.00 | 1,000.00 | 1,341.60 | 1,019.36 | 6.77 | 5.84 | 1.15 |
Class C | 1,000.00 | 1,000.00 | 1,336.90 | 1,014.33 | 12.63 | 10.89 | 2.15 |
Institutional Class | 1,000.00 | 1,000.00 | 1,341.70 | 1,019.36 | 6.77 | 5.84 | 1.15 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,342.60 | 1,019.71 | 6.36 | 5.48 | 1.08 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,342.00 | 1,019.91 | 6.12 | 5.28 | 1.04 |
Columbia Acorn International SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,261.50 | 1,018.85 | 7.11 | 6.34 | 1.25 |
Advisor Class | 1,000.00 | 1,000.00 | 1,263.20 | 1,020.06 | 5.75 | 5.13 | 1.01 |
Class C | 1,000.00 | 1,000.00 | 1,256.70 | 1,015.03 | 11.40 | 10.18 | 2.01 |
Institutional Class | 1,000.00 | 1,000.00 | 1,262.90 | 1,020.06 | 5.75 | 5.13 | 1.01 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,263.50 | 1,020.56 | 5.18 | 4.62 | 0.91 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,264.10 | 1,020.81 | 4.89 | 4.37 | 0.86 |
Columbia Acorn European FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,313.40 | 1,017.85 | 8.43 | 7.35 | 1.45 |
Advisor Class | 1,000.00 | 1,000.00 | 1,315.30 | 1,019.10 | 6.98 | 6.09 | 1.20 |
Class C | 1,000.00 | 1,000.00 | 1,308.80 | 1,014.08 | 12.77 | 11.14 | 2.20 |
Institutional Class | 1,000.00 | 1,000.00 | 1,315.60 | 1,019.10 | 6.98 | 6.09 | 1.20 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,316.10 | 1,019.41 | 6.64 | 5.79 | 1.14 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,316.40 | 1,019.61 | 6.40 | 5.58 | 1.10 |
July 1, 2020 — December 31, 2020 | ||||||||||
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 | 1,123.90 | 1,022.62 | 2.67 | 2.54 | 0.50 | 4.86 | 4.63 | 0.91 |
Advisor Class | 1,000.00 | 1,000.00 | 1,125.10 | 1,023.88 | 1.34 | 1.27 | 0.25 | 3.53 | 3.36 | 0.66 |
Class C | 1,000.00 | 1,000.00 | 1,119.50 | 1,018.85 | 6.66 | 6.34 | 1.25 | 8.84 | 8.42 | 1.66 |
Institutional Class | 1,000.00 | 1,000.00 | 1,125.30 | 1,023.88 | 1.34 | 1.27 | 0.25 | 3.53 | 3.36 | 0.66 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,124.70 | 1,024.08 | 1.12 | 1.07 | 0.21 | 3.31 | 3.15 | 0.62 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,125.30 | 1,024.28 | 0.91 | 0.87 | 0.17 | 3.10 | 2.95 | 0.58 |
28 | Columbia Acorn Family of Funds | Annual Report 2020 |
(Unaudited)
Columbia Acorn Family of Funds | Annual Report 2020 | 29 |
Columbia Acorn® Fund, December 31, 2020
Common Stocks 98.8% | ||
Issuer | Shares | Value ($) |
Communication Services 2.3% | ||
Entertainment 2.3% | ||
Take-Two Interactive Software, Inc.(a) | 211,000 | 43,843,690 |
Zynga, Inc., Class A(a) | 7,153,599 | 70,606,022 |
Total | 114,449,712 | |
Total Communication Services | 114,449,712 | |
Consumer Discretionary 14.2% | ||
Auto Components 0.7% | ||
Visteon Corp.(a) | 281,454 | 35,328,106 |
Diversified Consumer Services 1.8% | ||
Chegg, Inc.(a) | 552,043 | 49,866,044 |
Grand Canyon Education, Inc.(a) | 388,887 | 36,209,269 |
Total | 86,075,313 | |
Hotels, Restaurants & Leisure 3.8% | ||
Churchill Downs, Inc. | 227,000 | 44,217,330 |
DraftKings, Inc., Class A(a) | 812,500 | 37,830,000 |
Planet Fitness, Inc., Class A(a) | 958,817 | 74,432,964 |
Wingstop, Inc. | 209,304 | 27,743,245 |
Total | 184,223,539 | |
Household Durables 2.7% | ||
Helen of Troy Ltd.(a) | 206,897 | 45,970,444 |
NVR, Inc.(a) | 12,000 | 48,958,320 |
Skyline Champion Corp.(a) | 1,240,905 | 38,393,601 |
Total | 133,322,365 | |
Internet & Direct Marketing Retail 1.4% | ||
Etsy, Inc.(a) | 390,800 | 69,527,228 |
Specialty Retail 3.8% | ||
Five Below, Inc.(a) | 355,000 | 62,117,900 |
Floor & Decor Holdings, Inc.(a) | 518,000 | 48,096,300 |
Tractor Supply Co. | 132,773 | 18,665,228 |
Vroom, Inc.(a) | 780,807 | 31,989,663 |
Williams-Sonoma, Inc. | 230,000 | 23,423,200 |
Total | 184,292,291 | |
Total Consumer Discretionary | 692,768,842 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Staples 2.2% | ||
Food & Staples Retailing 0.6% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 824,000 | 30,718,720 |
Food Products 0.7% | ||
Beyond Meat, Inc.(a),(b) | 252,000 | 31,500,000 |
Household Products 0.9% | ||
WD-40 Co. | 171,759 | 45,632,931 |
Total Consumer Staples | 107,851,651 | |
Financials 4.1% | ||
Banks 1.1% | ||
Lakeland Financial Corp. | 426,821 | 22,869,069 |
SVB Financial Group(a) | 81,084 | 31,446,808 |
Total | 54,315,877 | |
Capital Markets 3.0% | ||
Ares Management Corp., Class A | 1,876,790 | 88,302,969 |
GCM Grosvenor, Inc., Class A(a),(b) | 2,226,000 | 29,650,320 |
Hamilton Lane, Inc., Class A | 343,000 | 26,771,150 |
Total | 144,724,439 | |
Total Financials | 199,040,316 | |
Health Care 31.5% | ||
Biotechnology 13.3% | ||
ACADIA Pharmaceuticals, Inc.(a) | 851,490 | 45,520,656 |
Acceleron Pharma, Inc.(a) | 385,693 | 49,345,563 |
Anika Therapeutics, Inc.(a) | 648,943 | 29,371,160 |
Arcus Biosciences, Inc.(a) | 1,072,015 | 27,829,510 |
Argenx SE, ADR(a) | 172,201 | 50,642,592 |
BioMarin Pharmaceutical, Inc.(a) | 340,000 | 29,814,600 |
CRISPR Therapeutics AG(a) | 340,199 | 52,087,869 |
Exact Sciences Corp.(a) | 494,400 | 65,503,056 |
Insmed, Inc.(a) | 1,350,721 | 44,965,502 |
Intercept Pharmaceuticals, Inc.(a) | 852,000 | 21,044,400 |
Kiniksa Pharmaceuticals Ltd., Class A(a),(c) | 1,593,917 | 28,164,513 |
Kura Oncology, Inc.(a) | 809,000 | 26,421,940 |
Mirati Therapeutics, Inc.(a) | 187,230 | 41,123,197 |
30 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn® Fund, December 31, 2020
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Natera, Inc.(a) | 667,000 | 66,379,840 |
Sarepta Therapeutics, Inc.(a) | 397,117 | 67,704,477 |
Total | 645,918,875 | |
Health Care Equipment & Supplies 6.5% | ||
Eargo, Inc.(a) | 630,706 | 28,268,243 |
Globus Medical, Inc., Class A(a) | 1,221,000 | 79,633,620 |
Haemonetics Corp.(a) | 428,000 | 50,825,000 |
Masimo Corp.(a) | 312,900 | 83,976,102 |
Penumbra, Inc.(a),(b) | 296,747 | 51,930,725 |
West Pharmaceutical Services, Inc. | 82,694 | 23,428,037 |
Total | 318,061,727 | |
Health Care Providers & Services 4.1% | ||
Amedisys, Inc.(a) | 187,300 | 54,940,709 |
Chemed Corp. | 135,196 | 72,006,742 |
Encompass Health Corp. | 840,663 | 69,514,423 |
Total | 196,461,874 | |
Health Care Technology 0.5% | ||
American Well Corp., Class A(a),(b) | 1,027,000 | 26,013,910 |
Life Sciences Tools & Services 6.1% | ||
10X Genomics, Inc., Class A(a) | 325,453 | 46,084,145 |
Bio-Rad Laboratories, Inc., Class A(a) | 82,000 | 47,801,080 |
Bio-Techne Corp. | 231,502 | 73,513,460 |
Pacific Biosciences of California, Inc.(a) | 1,800,000 | 46,692,000 |
Pra Health Sciences, Inc.(a) | 322,941 | 40,509,719 |
Repligen Corp.(a) | 218,000 | 41,775,340 |
Total | 296,375,744 | |
Pharmaceuticals 1.0% | ||
Horizon Therapeutics PLC(a) | 681,589 | 49,858,235 |
Total Health Care | 1,532,690,365 | |
Industrials 13.3% | ||
Aerospace & Defense 0.9% | ||
BWX Technologies, Inc. | 747,700 | 45,071,356 |
Commercial Services & Supplies 1.7% | ||
Copart, Inc.(a) | 221,000 | 28,122,250 |
Unifirst Corp. | 250,000 | 52,922,500 |
Total | 81,044,750 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Construction & Engineering 0.5% | ||
Comfort Systems U.S.A., Inc. | 421,000 | 22,169,860 |
Electrical Equipment 1.8% | ||
Atkore International Group, Inc.(a),(c) | 667,000 | 27,420,370 |
Generac Holdings, Inc.(a) | 271,300 | 61,696,333 |
Total | 89,116,703 | |
Machinery 5.5% | ||
Donaldson Co., Inc. | 550,000 | 30,734,000 |
IDEX Corp. | 225,000 | 44,820,000 |
ITT, Inc. | 440,311 | 33,912,753 |
Nordson Corp. | 225,000 | 45,213,750 |
SPX Corp.(a) | 742,866 | 40,515,912 |
Toro Co. (The) | 486,010 | 46,093,188 |
Watts Water Technologies, Inc., Class A | 222,400 | 27,066,080 |
Total | 268,355,683 | |
Professional Services 1.4% | ||
Exponent, Inc. | 396,300 | 35,678,889 |
ICF International, Inc. | 441,000 | 32,779,530 |
Total | 68,458,419 | |
Road & Rail 0.6% | ||
Old Dominion Freight Line, Inc. | 156,310 | 30,508,586 |
Trading Companies & Distributors 0.9% | ||
Watsco, Inc. | 185,652 | 42,059,461 |
Total Industrials | 646,784,818 | |
Information Technology 25.9% | ||
Electronic Equipment, Instruments & Components 3.5% | ||
CDW Corp. | 530,772 | 69,950,442 |
Dolby Laboratories, Inc., Class A | 637,000 | 61,871,810 |
ePlus, Inc.(a) | 424,122 | 37,301,530 |
Total | 169,123,782 | |
IT Services 5.6% | ||
Booz Allen Hamilton Holdings Corp. | 588,785 | 51,330,276 |
Endava PLC, ADR(a) | 345,100 | 26,486,425 |
EPAM Systems, Inc.(a) | 82,012 | 29,389,000 |
GoDaddy, Inc., Class A(a) | 815,347 | 67,633,034 |
Jack Henry & Associates, Inc. | 210,900 | 34,163,691 |
Columbia Acorn Family of Funds | Annual Report 2020 | 31 |
Columbia Acorn® Fund, December 31, 2020
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
VeriSign, Inc.(a) | 133,000 | 28,781,200 |
Wix.com Ltd.(a) | 142,725 | 35,675,541 |
Total | 273,459,167 | |
Semiconductors & Semiconductor Equipment 3.4% | ||
SolarEdge Technologies, Inc.(a) | 246,519 | 78,669,143 |
Teradyne, Inc. | 750,261 | 89,948,791 |
Total | 168,617,934 | |
Software 13.4% | ||
Alteryx, Inc., Class A(a) | 305,597 | 37,218,659 |
Anaplan, Inc.(a) | 637,000 | 45,768,450 |
Cadence Design Systems, Inc.(a) | 343,871 | 46,914,320 |
ContextLogic, Inc., Class A(a),(b) | 1,270,000 | 23,164,800 |
CyberArk Software Ltd.(a) | 216,638 | 35,006,534 |
Elastic NV(a) | 388,000 | 56,698,440 |
j2 Global, Inc.(a) | 384,000 | 37,512,960 |
JFrog Ltd.(a),(b) | 535,319 | 33,634,093 |
Manhattan Associates, Inc.(a) | 589,760 | 62,030,957 |
Mimecast Ltd.(a) | 1,511,795 | 85,930,428 |
Qualys, Inc.(a) | 330,800 | 40,314,596 |
Sprout Social, Inc., Class A(a) | 468,870 | 21,291,387 |
Zendesk, Inc.(a) | 461,400 | 66,035,568 |
Zscaler, Inc.(a) | 298,076 | 59,528,758 |
Total | 651,049,950 | |
Total Information Technology | 1,262,250,833 | |
Materials 3.4% | ||
Chemicals 1.7% | ||
Avient Corp. | 958,000 | 38,588,240 |
Celanese Corp., Class A | 356,000 | 46,258,640 |
Total | 84,846,880 | |
Containers & Packaging 1.7% | ||
Avery Dennison Corp. | 520,221 | 80,691,479 |
Total Materials | 165,538,359 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 1.9% | ||
Equity Real Estate Investment Trusts (REITS) 0.7% | ||
Americold Realty Trust | 891,532 | 33,280,890 |
Real Estate Management & Development 1.2% | ||
Colliers International Group, Inc. | 453,617 | 40,430,883 |
FirstService Corp. | 132,500 | 18,120,700 |
Total | 58,551,583 | |
Total Real Estate | 91,832,473 | |
Total Common Stocks (Cost $3,290,105,651) | 4,813,207,369 | |
Limited Partnerships 0.5% | ||
Consumer Discretionary 0.5% | ||
Hotels, Restaurants & Leisure 0.5% | ||
Cedar Fair LP | 623,000 | 24,508,820 |
Total Consumer Discretionary | 24,508,820 | |
Total Limited Partnerships (Cost $22,095,257) | 24,508,820 | |
Securities Lending Collateral 3.0% | ||
Dreyfus Government Cash Management Fund, Instutional Shares, 0.030%(d),(e) | 143,378,229 | 143,378,229 |
Total Securities Lending Collateral (Cost $143,378,229) | 143,378,229 | |
Money Market Funds 0.8% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.107%(c),(d) | 39,799,697 | 39,795,717 |
Total Money Market Funds (Cost $39,790,513) | 39,795,717 | |
Total Investments in Securities (Cost: $3,495,369,650) | 5,020,890,135 | |
Obligation to Return Collateral for Securities Loaned | (143,378,229) | |
Other Assets & Liabilities, Net | (7,671,336) | |
Net Assets | 4,869,840,570 |
32 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn® Fund, December 31, 2020
(a) | Non-income producing investment. |
(b) | All or a portion of this security was on loan at December 31, 2020. The total market value of securities on loan at December 31, 2020 was $138,033,364. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Atkore International Group, Inc.‡,†,* | ||||||||
— | 81,482,771 | (78,450,102) | — | — | (21,491,745) | — | — | |
CF Finance Acquisition CL A‡,†,* | ||||||||
— | 23,302,361 | (23,302,361) | — | — | — | — | — | |
Columbia Short-Term Cash Fund, 0.107% | ||||||||
57,990,784 | 1,617,608,265 | (1,635,808,536) | 5,204 | 39,795,717 | (58,648) | 529,252 | 39,799,697 | |
Kiniksa Pharmaceuticals Ltd., Class A‡ | ||||||||
— | 31,166,939 | — | (3,002,426) | 28,164,513 | — | — | 1,593,917 | |
Total | 57,990,784 | (2,997,222) | 67,960,230 | (21,550,393) | 529,252 |
‡ | Issuer was not an affiliate at the beginning of period. |
† | Issuer was not an affiliate at the end of period. |
* | Includes the effect of underlying fund reorganization. |
(d) | The rate shown is the seven-day current annualized yield at December 31, 2020. |
(e) | Investment made with cash collateral received from securities lending activity. |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Annual Report 2020 | 33 |
Columbia Acorn® Fund, December 31, 2020
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2020:
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 114,449,712 | — | — | 114,449,712 |
Consumer Discretionary | 692,768,842 | — | — | 692,768,842 |
Consumer Staples | 107,851,651 | — | — | 107,851,651 |
Financials | 199,040,316 | — | — | 199,040,316 |
Health Care | 1,532,690,365 | — | — | 1,532,690,365 |
Industrials | 646,784,818 | — | — | 646,784,818 |
Information Technology | 1,262,250,833 | — | — | 1,262,250,833 |
Materials | 165,538,359 | — | — | 165,538,359 |
Real Estate | 91,832,473 | — | — | 91,832,473 |
Total Common Stocks | 4,813,207,369 | — | — | 4,813,207,369 |
Limited Partnerships | ||||
Consumer Discretionary | 24,508,820 | — | — | 24,508,820 |
Total Limited Partnerships | 24,508,820 | — | — | 24,508,820 |
Securities Lending Collateral | 143,378,229 | — | — | 143,378,229 |
Money Market Funds | 39,795,717 | — | — | 39,795,717 |
Total Investments in Securities | 5,020,890,135 | — | — | 5,020,890,135 |
34 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn International®, December 31, 2020
Common Stocks 96.7% | ||
Issuer | Shares | Value ($) |
Australia 4.4% | ||
Bapcor Ltd. | 5,031,000 | 30,254,582 |
carsales.com Ltd. | 2,523,977 | 38,985,355 |
Evolution Mining Ltd. | 3,232,513 | 12,439,897 |
Technology One Ltd. | 2,904,116 | 18,381,795 |
Temple & Webster Group Ltd.(a) | 1,148,109 | 9,829,135 |
Total | 109,890,764 | |
Austria 0.8% | ||
S&T AG(a) | 855,700 | 20,192,322 |
Brazil 2.5% | ||
Notre Dame Intermedica Participacoes SA | 2,323,600 | 35,045,016 |
TOTVS SA | 4,881,300 | 26,989,900 |
Total | 62,034,916 | |
Cambodia 1.1% | ||
NagaCorp Ltd. | 20,161,000 | 26,480,298 |
Canada 2.5% | ||
CCL Industries, Inc. | 399,673 | 18,145,261 |
Osisko Gold Royalties Ltd. | 2,455,317 | 31,113,413 |
Parex Resources, Inc.(a) | 1,006,070 | 13,847,393 |
Total | 63,106,067 | |
China 3.6% | ||
A-Living Smart City Services Co., Ltd. | 5,100,750 | 22,639,910 |
Shenzhou International Group Holdings Ltd. | 1,288,100 | 25,244,507 |
Silergy Corp. | 474,000 | 40,793,239 |
Total | 88,677,656 | |
Cyprus 0.7% | ||
TCS Group Holding PLC, GDR(b) | 564,034 | 18,557,540 |
Denmark 2.9% | ||
ALK-Abello AS(a) | 60,000 | 24,714,354 |
SimCorp AS | 318,967 | 47,422,832 |
Total | 72,137,186 | |
France 0.6% | ||
Robertet SA | 13,120 | 14,505,385 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Germany 6.8% | ||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 478,281 | 26,199,654 |
Hypoport SE(a) | 78,979 | 50,189,479 |
Jenoptik AG | 668,000 | 20,404,073 |
Nemetschek SE | 396,847 | 29,493,024 |
TeamViewer AG(a) | 825,280 | 44,331,907 |
Total | 170,618,137 | |
Greece 0.4% | ||
JUMBO SA | 610,544 | 10,528,837 |
Hong Kong 0.9% | ||
Vitasoy International Holdings Ltd. | 5,666,000 | 22,070,042 |
Ireland 1.0% | ||
UDG Healthcare PLC | 2,427,523 | 25,911,198 |
Italy 2.8% | ||
Amplifon SpA(a) | 614,628 | 25,547,740 |
GVS SpA(a) | 1,238,790 | 23,078,860 |
Nexi SpA(a) | 1,028,739 | 20,470,993 |
Total | 69,097,593 | |
Japan 18.5% | ||
Aica Kogyo Co., Ltd. | 185,600 | 6,424,677 |
Aruhi Corp.(c) | 994,500 | 17,472,778 |
Azbil Corp. | 237,540 | 12,993,942 |
Daifuku Co., Ltd. | 159,600 | 19,749,795 |
Daiseki Co., Ltd. | 818,133 | 24,022,515 |
Daiwa Securities Living Investments Corp. | 6,135 | 5,695,263 |
Disco Corp. | 57,500 | 19,379,394 |
Elecom Co., Ltd. | 384,300 | 19,845,937 |
Fuso Chemical Co., Ltd. | 414,600 | 14,950,071 |
Glory Ltd. | 325,900 | 6,581,800 |
Hikari Tsushin, Inc. | 278,728 | 65,399,080 |
Invesco Office J-REIT, Inc. | 140,671 | 20,646,694 |
Lasertec Corp. | 233,600 | 27,418,321 |
Nihon M&A Center, Inc. | 409,300 | 27,371,217 |
Nihon Unisys Ltd. | 1,005,200 | 39,399,679 |
NSD Co., Ltd. | 731,900 | 15,789,329 |
Seiren Co., Ltd. | 929,900 | 14,080,950 |
Columbia Acorn Family of Funds | Annual Report 2020 | 35 |
Columbia Acorn International®, December 31, 2020
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sekisui Chemical Co., Ltd. | 3,105,200 | 58,878,710 |
Seria Co., Ltd. | 466,691 | 17,132,393 |
Solasto Corp. | 1,354,800 | 20,999,829 |
Valqua Ltd. | 440,100 | 8,768,099 |
Total | 463,000,473 | |
Malta 1.4% | ||
Kindred Group PLC(a) | 3,697,935 | 36,181,867 |
Mexico 0.6% | ||
Corporación Inmobiliaria Vesta SAB de CV | 7,519,000 | 14,736,099 |
Netherlands 4.2% | ||
Argenx SE, ADR(a) | 123,933 | 36,447,456 |
BE Semiconductor Industries NV | 313,560 | 18,829,699 |
IMCD NV | 391,434 | 49,821,728 |
Total | 105,098,883 | |
New Zealand 1.9% | ||
Fisher & Paykel Healthcare Corp., Ltd. | 2,013,595 | 47,820,345 |
Singapore 2.4% | ||
Mapletree Commercial Trust | 18,056,300 | 29,106,247 |
Mapletree Logistics Trust | 19,842,744 | 30,199,978 |
Total | 59,306,225 | |
South Korea 3.4% | ||
Koh Young Technology, Inc.(a) | 376,801 | 36,456,372 |
Korea Investment Holdings Co., Ltd.(a) | 661,699 | 48,216,913 |
Total | 84,673,285 | |
Spain 2.5% | ||
Befesa SA | 601,467 | 37,936,652 |
Vidrala SA | 219,159 | 25,408,109 |
Total | 63,344,761 | |
Sweden 9.8% | ||
AddTech AB, B Shares | 2,727,260 | 36,243,904 |
Dometic Group AB(a) | 2,028,960 | 26,907,134 |
Hexagon AB, Class B | 659,512 | 60,465,407 |
Munters Group AB(a) | 3,393,226 | 34,230,852 |
Sectra AB, Class B(a) | 252,016 | 22,312,625 |
Sweco AB, Class B | 1,834,118 | 33,661,313 |
Trelleborg AB, Class B(a) | 1,413,641 | 31,399,809 |
Total | 245,221,044 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Switzerland 3.0% | ||
Belimo Holding AG, Registered Shares | 3,584 | 31,136,034 |
Gurit Holding AG | 4,564 | 12,857,098 |
Inficon Holding AG | 33,679 | 30,851,256 |
Total | 74,844,388 | |
Taiwan 2.8% | ||
Parade Technologies Ltd. | 417,000 | 16,509,573 |
Sinbon Electronics Co., Ltd. | 3,344,000 | 25,778,847 |
Voltronic Power Technology Corp. | 663,408 | 26,508,163 |
Total | 68,796,583 | |
Thailand 0.8% | ||
Muangthai Capital PCL, Foreign Registered Shares | 9,594,300 | 18,842,849 |
United Kingdom 12.7% | ||
Abcam PLC | 1,280,332 | 27,138,252 |
Auto Trader Group PLC | 3,922,473 | 31,927,919 |
Dechra Pharmaceuticals PLC | 906,087 | 42,673,746 |
Diploma PLC | 656,106 | 19,618,089 |
Genus PLC | 341,944 | 19,566,020 |
Halma PLC | 697,883 | 23,372,305 |
Intermediate Capital Group PLC | 1,771,553 | 41,684,811 |
Rentokil Initial PLC(a) | 4,699,905 | 32,768,569 |
Rightmove PLC(a) | 4,514,214 | 40,107,810 |
Safestore Holdings PLC | 1,705,112 | 18,224,317 |
Spirax-Sarco Engineering PLC | 128,788 | 19,880,226 |
Total | 316,962,064 | |
United States 1.7% | ||
Inter Parfums, Inc. | 713,595 | 43,165,362 |
Total Common Stocks (Cost $1,497,906,677) | 2,415,802,169 | |
Securities Lending Collateral 0.0% | ||
Dreyfus Government Cash Management Fund, Instutional Shares, 0.030%(d),(e) | 259,440 | 259,440 |
Total Securities Lending Collateral (Cost $259,440) | 259,440 | |
36 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn International®, December 31, 2020
Money Market Funds 2.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.107%(d),(f) | 61,940,708 | 61,934,514 |
Total Money Market Funds (Cost $61,934,514) | 61,934,514 | |
Total Investments in Securities (Cost $1,560,100,631) | 2,477,996,123 | |
Obligation to Return Collateral for Securities Loaned | (259,440) | |
Other Assets & Liabilities, Net | 19,803,943 | |
Net Assets | $2,497,540,626 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
Mini MSCI EAFE Index | 215 | 03/2021 | USD | 22,906,100 | 219,057 | — |
Mini MSCI Emerging Markets Index | 479 | 03/2021 | USD | 30,852,390 | 923,452 | — |
Total | 1,142,509 | — |
(a) | Non-income producing investment. |
(b) | 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. At December 31, 2020, the total value of these securities amounted to $18,557,540, which represents 0.74% of total net assets. |
(c) | All or a portion of this security was on loan at December 31, 2020. The total market value of securities on loan at December 31, 2020 was $247,052. |
(d) | The rate shown is the seven-day current annualized yield at December 31, 2020. |
(e) | Investment made with cash collateral received from securities lending activity. |
(f) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.107% | ||||||||
55,980,746 | 833,754,905 | (827,801,137) | — | 61,934,514 | 1,777 | 360,888 | 61,940,708 |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
USD | US Dollar |
■ | Level 1 – quoted prices in active markets for identical securities |
Columbia Acorn Family of Funds | Annual Report 2020 | 37 |
Columbia Acorn International®, December 31, 2020
■ | 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 | — | 109,890,764 | — | 109,890,764 |
Austria | — | 20,192,322 | — | 20,192,322 |
Brazil | 62,034,916 | — | — | 62,034,916 |
Cambodia | — | 26,480,298 | — | 26,480,298 |
Canada | 63,106,067 | — | — | 63,106,067 |
China | — | 88,677,656 | — | 88,677,656 |
Cyprus | — | 18,557,540 | — | 18,557,540 |
Denmark | — | 72,137,186 | — | 72,137,186 |
France | — | 14,505,385 | — | 14,505,385 |
Germany | — | 170,618,137 | — | 170,618,137 |
Greece | — | 10,528,837 | — | 10,528,837 |
Hong Kong | — | 22,070,042 | — | 22,070,042 |
Ireland | — | 25,911,198 | — | 25,911,198 |
Italy | — | 69,097,593 | — | 69,097,593 |
Japan | — | 463,000,473 | — | 463,000,473 |
Malta | — | 36,181,867 | — | 36,181,867 |
Mexico | 14,736,099 | — | — | 14,736,099 |
Netherlands | 36,447,456 | 68,651,427 | — | 105,098,883 |
New Zealand | — | 47,820,345 | — | 47,820,345 |
Singapore | — | 59,306,225 | — | 59,306,225 |
South Korea | — | 84,673,285 | — | 84,673,285 |
Spain | — | 63,344,761 | — | 63,344,761 |
Sweden | — | 245,221,044 | — | 245,221,044 |
Switzerland | — | 74,844,388 | — | 74,844,388 |
Taiwan | — | 68,796,583 | — | 68,796,583 |
Thailand | — | 18,842,849 | — | 18,842,849 |
United Kingdom | — | 316,962,064 | — | 316,962,064 |
United States | 43,165,362 | — | — | 43,165,362 |
Total Common Stocks | 219,489,900 | 2,196,312,269 | — | 2,415,802,169 |
Securities Lending Collateral | 259,440 | — | — | 259,440 |
Money Market Funds | 61,934,514 | — | — | 61,934,514 |
Total Investments in Securities | 281,683,854 | 2,196,312,269 | — | 2,477,996,123 |
Investments in Derivatives |
38 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn International®, December 31, 2020
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Asset | ||||
Futures Contracts | 1,142,509 | — | — | 1,142,509 |
Total | 282,826,363 | 2,196,312,269 | — | 2,479,138,632 |
Columbia Acorn Family of Funds | Annual Report 2020 | 39 |
Columbia Acorn USA®, December 31, 2020
Common Stocks 98.3% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 13.6% | ||
Auto Components 1.7% | ||
Dorman Products, Inc.(a) | 27,500 | 2,387,550 |
LCI Industries | 24,700 | 3,203,096 |
Total | 5,590,646 | |
Diversified Consumer Services 0.8% | ||
Grand Canyon Education, Inc.(a) | 28,594 | 2,662,387 |
Hotels, Restaurants & Leisure 4.4% | ||
Choice Hotels International, Inc. | 25,783 | 2,751,819 |
Churchill Downs, Inc. | 22,182 | 4,320,832 |
Planet Fitness, Inc., Class A(a) | 36,200 | 2,810,206 |
Wendy’s Co. (The) | 99,000 | 2,170,080 |
Wingstop, Inc. | 20,900 | 2,770,295 |
Total | 14,823,232 | |
Household Durables 2.3% | ||
Helen of Troy Ltd.(a) | 14,827 | 3,294,411 |
Skyline Champion Corp.(a) | 147,481 | 4,563,062 |
Total | 7,857,473 | |
Leisure Products 1.3% | ||
Brunswick Corp. | 56,906 | 4,338,514 |
Specialty Retail 3.1% | ||
Boot Barn Holdings, Inc.(a) | 94,190 | 4,084,078 |
Five Below, Inc.(a) | 24,814 | 4,341,954 |
Vroom, Inc.(a) | 48,737 | 1,996,755 |
Total | 10,422,787 | |
Total Consumer Discretionary | 45,695,039 | |
Consumer Staples 3.1% | ||
Food & Staples Retailing 0.9% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 83,401 | 3,109,189 |
Household Products 1.0% | ||
WD-40 Co. | 12,296 | 3,266,801 |
Personal Products 1.2% | ||
Inter Parfums, Inc. | 67,338 | 4,073,276 |
Total Consumer Staples | 10,449,266 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Financials 5.4% | ||
Banks 1.0% | ||
Lakeland Financial Corp. | 59,365 | 3,180,777 |
Capital Markets 2.5% | ||
GCM Grosvenor, Inc., Class A(a),(b) | 158,000 | 2,104,560 |
Hamilton Lane, Inc., Class A | 29,601 | 2,310,358 |
Houlihan Lokey, Inc. | 61,530 | 4,136,662 |
Total | 8,551,580 | |
Consumer Finance 0.8% | ||
FirstCash, Inc. | 40,452 | 2,833,258 |
Thrifts & Mortgage Finance 1.1% | ||
Merchants Bancorp | 131,252 | 3,626,493 |
Total Financials | 18,192,108 | |
Health Care 37.8% | ||
Biotechnology 17.3% | ||
ACADIA Pharmaceuticals, Inc.(a) | 36,989 | 1,977,432 |
Acceleron Pharma, Inc.(a) | 41,692 | 5,334,074 |
Anika Therapeutics, Inc.(a) | 89,694 | 4,059,550 |
Arcus Biosciences, Inc.(a) | 96,284 | 2,499,533 |
CRISPR Therapeutics AG(a) | 24,042 | 3,681,071 |
Fate Therapeutics, Inc.(a) | 76,109 | 6,920,591 |
Immunogen, Inc.(a) | 588,000 | 3,792,600 |
Insmed, Inc.(a) | 168,010 | 5,593,053 |
Intercept Pharmaceuticals, Inc.(a) | 88,378 | 2,182,937 |
Kiniksa Pharmaceuticals Ltd., Class A(a) | 238,096 | 4,207,156 |
Kura Oncology, Inc.(a) | 78,847 | 2,575,143 |
Mirati Therapeutics, Inc.(a) | 21,034 | 4,619,908 |
Natera, Inc.(a) | 85,805 | 8,539,314 |
Ultragenyx Pharmaceutical, Inc.(a) | 16,200 | 2,242,566 |
Total | 58,224,928 |
40 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn USA®, December 31, 2020
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Equipment & Supplies 6.0% | ||
Atrion Corp. | 4,453 | 2,859,895 |
Eargo, Inc.(a),(b) | 65,037 | 2,914,958 |
Globus Medical, Inc., Class A(a) | 91,326 | 5,956,282 |
Haemonetics Corp.(a) | 30,267 | 3,594,206 |
SI-BONE, Inc.(a) | 168,284 | 5,031,692 |
Total | 20,357,033 | |
Health Care Providers & Services 8.3% | ||
Amedisys, Inc.(a) | 20,229 | 5,933,773 |
Chemed Corp. | 10,612 | 5,652,057 |
Corvel Corp.(a) | 40,895 | 4,334,870 |
HealthEquity, Inc.(a) | 48,500 | 3,380,935 |
LHC Group, Inc.(a) | 20,525 | 4,378,393 |
National Research Corp., Class A | 95,966 | 4,102,546 |
Total | 27,782,574 | |
Health Care Technology 0.9% | ||
American Well Corp., Class A(a),(b) | 120,400 | 3,049,732 |
Life Sciences Tools & Services 3.8% | ||
NanoString Technologies, Inc.(a) | 58,167 | 3,890,209 |
Pacific Biosciences of California, Inc.(a) | 165,000 | 4,280,100 |
Repligen Corp.(a) | 23,740 | 4,549,296 |
Total | 12,719,605 | |
Pharmaceuticals 1.5% | ||
Reata Pharmaceuticals, Inc., Class A(a) | 24,500 | 3,028,690 |
Theravance Biopharma, Inc.(a) | 105,821 | 1,880,439 |
Total | 4,909,129 | |
Total Health Care | 127,043,001 | |
Industrials 15.4% | ||
Aerospace & Defense 2.0% | ||
BWX Technologies, Inc. | 60,974 | 3,675,513 |
Curtiss-Wright Corp. | 27,241 | 3,169,490 |
Total | 6,845,003 | |
Commercial Services & Supplies 0.8% | ||
Unifirst Corp. | 11,788 | 2,495,402 |
Construction & Engineering 1.5% | ||
Comfort Systems U.S.A., Inc. | 92,527 | 4,872,472 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Electrical Equipment 2.5% | ||
Atkore International Group, Inc.(a) | 120,921 | 4,971,062 |
Plug Power, Inc.(a) | 96,500 | 3,272,315 |
Total | 8,243,377 | |
Machinery 3.5% | ||
ITT, Inc. | 56,948 | 4,386,135 |
SPX Corp.(a) | 57,155 | 3,117,234 |
Watts Water Technologies, Inc., Class A | 36,171 | 4,402,010 |
Total | 11,905,379 | |
Professional Services 2.8% | ||
Exponent, Inc. | 73,090 | 6,580,293 |
ICF International, Inc. | 39,936 | 2,968,443 |
Total | 9,548,736 | |
Road & Rail 1.2% | ||
Saia, Inc.(a) | 22,226 | 4,018,461 |
Trading Companies & Distributors 1.1% | ||
SiteOne Landscape Supply, Inc.(a) | 23,843 | 3,782,215 |
Total Industrials | 51,711,045 | |
Information Technology 18.6% | ||
Electronic Equipment, Instruments & Components 2.7% | ||
Badger Meter, Inc. | 43,615 | 4,102,427 |
ePlus, Inc.(a) | 55,368 | 4,869,615 |
Total | 8,972,042 | |
IT Services 1.4% | ||
Endava PLC, ADR(a) | 35,024 | 2,688,092 |
LiveRamp Holdings, Inc.(a) | 28,070 | 2,054,443 |
Total | 4,742,535 | |
Semiconductors & Semiconductor Equipment 2.2% | ||
Advanced Energy Industries, Inc.(a) | 48,186 | 4,672,597 |
Inphi Corp.(a) | 18,079 | 2,901,137 |
Total | 7,573,734 | |
Software 12.3% | ||
Blackline, Inc.(a) | 30,576 | 4,078,227 |
CyberArk Software Ltd.(a) | 23,818 | 3,848,751 |
Elastic NV(a) | 19,023 | 2,779,831 |
j2 Global, Inc.(a) | 32,059 | 3,131,844 |
JFrog Ltd.(a),(b) | 41,296 | 2,594,628 |
Columbia Acorn Family of Funds | Annual Report 2020 | 41 |
Columbia Acorn USA®, December 31, 2020
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Manhattan Associates, Inc.(a) | 56,440 | 5,936,359 |
Mimecast Ltd.(a) | 75,564 | 4,295,058 |
Qualys, Inc.(a) | 42,059 | 5,125,730 |
Sprout Social, Inc., Class A(a) | 119,108 | 5,408,694 |
Upstart Holdings, Inc.(a) | 103,518 | 4,218,358 |
Total | 41,417,480 | |
Total Information Technology | 62,705,791 | |
Materials 1.6% | ||
Chemicals 1.6% | ||
Avient Corp. | 130,388 | 5,252,029 |
Total Materials | 5,252,029 | |
Real Estate 2.8% | ||
Equity Real Estate Investment Trusts (REITS) 0.2% | ||
UMH Properties, Inc. | 34,701 | 513,922 |
Real Estate Management & Development 2.6% | ||
Colliers International Group, Inc. | 36,100 | 3,217,593 |
FirstService Corp. | 14,395 | 1,968,660 |
Redfin Corp.(a) | 53,122 | 3,645,763 |
Total | 8,832,016 | |
Total Real Estate | 9,345,938 | |
Total Common Stocks (Cost $221,391,978) | 330,394,217 | |
Limited Partnerships 0.7% | ||
Issuer | Shares | Value ($) |
Consumer Discretionary 0.7% | ||
Hotels, Restaurants & Leisure 0.7% | ||
Cedar Fair LP | 56,500 | 2,222,710 |
Total Consumer Discretionary | 2,222,710 | |
Total Limited Partnerships (Cost $1,481,370) | 2,222,710 | |
Securities Lending Collateral 2.3% | ||
Dreyfus Government Cash Management Fund, Instutional Shares, 0.030%(c),(d) | 7,793,305 | 7,793,305 |
Total Securities Lending Collateral (Cost $7,793,305) | 7,793,305 | |
Money Market Funds 1.0% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.107%(c),(e) | 3,541,168 | 3,540,814 |
Total Money Market Funds (Cost $3,539,991) | 3,540,814 | |
Total Investments in Securities (Cost: $234,206,644) | 343,951,046 | |
Obligation to Return Collateral for Securities Loaned | (7,793,305) | |
Other Assets & Liabilities, Net | 5,254 | |
Net Assets | 336,162,995 |
(a) | Non-income producing investment. |
(b) | All or a portion of this security was on loan at December 31, 2020. The total market value of securities on loan at December 31, 2020 was $7,268,332. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2020. |
(d) | Investment made with cash collateral received from securities lending activity. |
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.107% | ||||||||
13,292,093 | 155,600,619 | (165,352,721) | 823 | 3,540,814 | (3,923) | 75,196 | 3,541,168 |
ADR | American Depositary Receipt |
42 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn USA®, December 31, 2020
■ | 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 | 45,695,039 | — | — | 45,695,039 |
Consumer Staples | 10,449,266 | — | — | 10,449,266 |
Financials | 18,192,108 | — | — | 18,192,108 |
Health Care | 127,043,001 | — | — | 127,043,001 |
Industrials | 51,711,045 | — | — | 51,711,045 |
Information Technology | 62,705,791 | — | — | 62,705,791 |
Materials | 5,252,029 | — | — | 5,252,029 |
Real Estate | 9,345,938 | — | — | 9,345,938 |
Total Common Stocks | 330,394,217 | — | — | 330,394,217 |
Limited Partnerships | ||||
Consumer Discretionary | 2,222,710 | — | — | 2,222,710 |
Total Limited Partnerships | 2,222,710 | — | — | 2,222,710 |
Securities Lending Collateral | 7,793,305 | — | — | 7,793,305 |
Money Market Funds | 3,540,814 | — | — | 3,540,814 |
Total Investments in Securities | 343,951,046 | — | — | 343,951,046 |
Columbia Acorn Family of Funds | Annual Report 2020 | 43 |
Columbia Acorn International SelectSM, December 31, 2020
Common Stocks 98.9% | ||
Issuer | Shares | Value ($) |
Australia 2.3% | ||
carsales.com Ltd. | 729,442 | 11,266,963 |
Brazil 2.0% | ||
TOTVS SA | 1,758,700 | 9,724,282 |
Canada 2.7% | ||
CCL Industries, Inc. | 297,220 | 13,493,867 |
China 12.5% | ||
NetEase, Inc., ADR | 158,741 | 15,202,626 |
New Oriental Education & Technology Group, Inc., ADR(a) | 104,477 | 19,412,871 |
Shenzhou International Group Holdings Ltd. | 906,500 | 17,765,814 |
Silergy Corp. | 112,000 | 9,638,909 |
Total | 62,020,220 | |
Denmark 2.6% | ||
SimCorp AS | 88,434 | 13,148,040 |
Germany 4.4% | ||
Nemetschek SE | 143,348 | 10,653,391 |
TeamViewer AG(a) | 207,309 | 11,136,103 |
Total | 21,789,494 | |
Italy 4.0% | ||
Amplifon SpA(a) | 242,619 | 10,084,745 |
Nexi SpA(a) | 481,575 | 9,582,915 |
Total | 19,667,660 | |
Japan 16.4% | ||
Hikari Tsushin, Inc. | 77,400 | 18,160,675 |
Lasertec Corp. | 88,900 | 10,434,455 |
Nihon Unisys Ltd. | 359,800 | 14,102,671 |
Obic Co., Ltd. | 47,900 | 9,626,838 |
Recruit Holdings Co., Ltd. | 293,900 | 12,344,669 |
Sekisui Chemical Co., Ltd. | 879,900 | 16,684,071 |
Total | 81,353,379 | |
Malta 0.0% | ||
BGP Holdings PLC(a),(b),(c) | 2,232,232 | 3 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Netherlands 5.8% | ||
IMCD NV | 100,318 | 12,768,477 |
Koninklijke Philips NV(a) | 298,829 | 16,097,186 |
Total | 28,865,663 | |
New Zealand 3.0% | ||
Fisher & Paykel Healthcare Corp., Ltd. | 620,507 | 14,736,260 |
Singapore 2.0% | ||
Mapletree Logistics Trust | 6,704,000 | 10,203,259 |
South Korea 5.7% | ||
Koh Young Technology, Inc.(a) | 129,161 | 12,496,627 |
Korea Investment Holdings Co., Ltd.(a) | 216,130 | 15,749,036 |
Total | 28,245,663 | |
Sweden 13.0% | ||
Hexagon AB, Class B | 264,975 | 24,293,449 |
Sectra AB, Class B(a) | 189,568 | 16,783,695 |
Sweco AB, Class B | 659,267 | 12,099,436 |
Trelleborg AB, Class B(a) | 507,423 | 11,270,885 |
Total | 64,447,465 | |
Switzerland 7.0% | ||
Belimo Holding AG, Registered Shares | 1,451 | 12,605,576 |
Lonza Group AG, Registered Shares | 18,255 | 11,759,265 |
Partners Group Holding AG | 9,044 | 10,627,080 |
Total | 34,991,921 | |
Taiwan 2.3% | ||
Voltronic Power Technology Corp. | 281,852 | 11,262,117 |
United Kingdom 13.2% | ||
Auto Trader Group PLC | 1,194,903 | 9,726,203 |
Dechra Pharmaceuticals PLC | 280,725 | 13,221,233 |
Intermediate Capital Group PLC | 477,435 | 11,234,091 |
Rentokil Initial PLC(a) | 1,277,712 | 8,908,434 |
Rightmove PLC(a) | 1,474,133 | 13,097,351 |
Spirax-Sarco Engineering PLC | 60,850 | 9,393,047 |
Total | 65,580,359 | |
Total Common Stocks (Cost $359,980,426) | 490,796,615 | |
44 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn International SelectSM, December 31, 2020
Money Market Funds 0.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.107%(d),(e) | 3,595,338 | 3,594,978 |
Total Money Market Funds (Cost $3,594,978) | 3,594,978 | |
Total Investments in Securities (Cost $363,575,404) | 494,391,593 | |
Other Assets & Liabilities, Net | 1,742,950 | |
Net Assets | $496,134,543 |
(a) | Non-income producing investment. |
(b) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At December 31, 2020, the total value of these securities amounted to $3, which represents less than 0.01% of total net assets. |
(c) | Valuation based on significant unobservable inputs. |
(d) | The rate shown is the seven-day current annualized yield at December 31, 2020. |
(e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.107% | ||||||||
1,151,541 | 137,927,461 | (135,484,024) | — | 3,594,978 | (2,877) | 32,847 | 3,595,338 |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Annual Report 2020 | 45 |
Columbia Acorn International SelectSM, December 31, 2020
The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2020:
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Australia | — | 11,266,963 | — | 11,266,963 |
Brazil | 9,724,282 | — | — | 9,724,282 |
Canada | 13,493,867 | — | — | 13,493,867 |
China | 34,615,497 | 27,404,723 | — | 62,020,220 |
Denmark | — | 13,148,040 | — | 13,148,040 |
Germany | — | 21,789,494 | — | 21,789,494 |
Italy | — | 19,667,660 | — | 19,667,660 |
Japan | — | 81,353,379 | — | 81,353,379 |
Malta | — | — | 3 | 3 |
Netherlands | — | 28,865,663 | — | 28,865,663 |
New Zealand | — | 14,736,260 | — | 14,736,260 |
Singapore | — | 10,203,259 | — | 10,203,259 |
South Korea | — | 28,245,663 | — | 28,245,663 |
Sweden | — | 64,447,465 | — | 64,447,465 |
Switzerland | — | 34,991,921 | — | 34,991,921 |
Taiwan | — | 11,262,117 | — | 11,262,117 |
United Kingdom | — | 65,580,359 | — | 65,580,359 |
Total Common Stocks | 57,833,646 | 432,962,966 | 3 | 490,796,615 |
Money Market Funds | 3,594,978 | — | — | 3,594,978 |
Total Investments in Securities | 61,428,624 | 432,962,966 | 3 | 494,391,593 |
46 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Thermostat FundSM, December 31, 2020
Equity Funds 44.9% | ||
Shares | Value ($) | |
Dividend Income 4.9% | ||
Columbia Dividend Income Fund, Institutional 3 Class(a) | 3,195,219 | 83,970,346 |
International Small Mid Cap 5.1% | ||
Columbia Acorn International®, Institutional 3 Class(a) | 2,460,313 | 86,086,340 |
U.S. Large Cap 24.8% | ||
Columbia Contrarian Core Fund, Institutional 3 Class(a) | 2,735,145 | 85,172,403 |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class(a) | 3,136,625 | 84,343,847 |
Columbia Large Cap Index Fund, Institutional 3 Class(a) | 4,577,815 | 254,114,521 |
Total | 423,630,771 | |
U.S. Mid Cap 5.1% | ||
Columbia Select Mid Cap Value Fund, Institutional 3 Class(a) | 7,580,779 | 87,709,618 |
U.S. Small Mid Cap 5.0% | ||
Columbia Acorn® Fund, Institutional 3 Class(a),(b) | 4,677,248 | 84,751,736 |
Total Equity Funds (Cost $595,511,631) | 766,148,811 | |
Exchange-Traded Equity Funds 4.9% | ||
U.S. Large Cap 4.9% | ||
Columbia Research Enhanced Core ETF(a) | 3,382,155 | 83,125,929 |
Total Exchange-Traded Equity Funds (Cost $66,922,896) | 83,125,929 | |
Exchange-Traded Fixed Income Funds 4.9% | ||
Shares | Value ($) | |
Multisector 4.9% | ||
Columbia Diversified Fixed Income Allocation ETF(a) | 3,822,732 | 84,444,150 |
Total Exchange-Traded Fixed Income Funds (Cost $78,259,124) | 84,444,150 | |
Fixed Income Funds 44.6% | ||
Investment Grade 44.6% | ||
Columbia Corporate Income Fund, Institutional 3 Class(a) | 7,564,342 | 84,644,993 |
Columbia Quality Income Fund, Institutional 3 Class(a) | 7,516,902 | 169,430,970 |
Columbia Short Term Bond Fund, Institutional 3 Class(a) | 12,542,953 | 126,683,822 |
Columbia Total Return Bond Fund, Institutional 3 Class(a) | 2,204,312 | 84,645,589 |
Columbia U.S. Treasury Index Fund, Institutional 3 Class(a) | 24,496,004 | 295,666,771 |
Total | 761,072,145 | |
Total Fixed Income Funds (Cost $747,938,384) | 761,072,145 | |
Money Market Funds 0.4% | ||
Columbia Short-Term Cash Fund, 0.107%(a),(c) | 6,901,721 | 6,901,030 |
Total Money Market Funds (Cost $6,901,028) | 6,901,030 | |
Total Investments in Securities (Cost: $1,495,533,063) | 1,701,692,065 | |
Other Assets & Liabilities, Net | 4,581,828 | |
Net Assets | 1,706,273,893 |
(a) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Capital gain distributions($) | Realized gain (loss)($) | Dividends — affiliated issuers ($) | End of period shares |
Columbia Acorn International®, Institutional 3 Class | |||||||||
14,336,928 | 87,609,263 | (32,216,193) | 16,356,342 | 86,086,340 | 8,828,609 | 1,124,582 | 328,362 | 2,460,313 | |
Columbia Acorn SelectSM, Institutional 3 Class | |||||||||
14,215,080 | 44,681,686 | (57,267,750) | (1,629,016) | — | 1,414,804 | 10,745,116 | 322,525 | — |
Columbia Acorn Family of Funds | Annual Report 2020 | 47 |
Columbia Thermostat FundSM, December 31, 2020
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Capital gain distributions($) | Realized gain (loss)($) | Dividends — affiliated issuers ($) | End of period shares |
Columbia Acorn® Fund, Institutional 3 Class | |||||||||
14,254,256 | 83,528,847 | (32,270,245) | 19,238,878 | 84,751,736 | 8,760,167 | 2,658,707 | — | 4,677,248 | |
Columbia Contrarian Core Fund, Institutional 3 Class | |||||||||
14,273,333 | 85,618,649 | (30,211,479) | 15,491,900 | 85,172,403 | 5,352,003 | 3,893,355 | 689,266 | 2,735,145 | |
Columbia Corporate Income Fund, Institutional 3 Class | |||||||||
57,276,785 | 82,037,105 | (54,636,521) | (32,376) | 84,644,993 | 3,269,427 | (994,680) | 1,655,558 | 7,564,342 | |
Columbia Diversified Fixed Income Allocation ETF | |||||||||
57,229,227 | 77,832,280 | (53,885,292) | 3,267,935 | 84,444,150 | — | (2,879,267) | 1,675,131 | 3,822,732 | |
Columbia Dividend Income Fund, Institutional 3 Class | |||||||||
14,264,391 | 86,719,825 | (31,497,062) | 14,483,192 | 83,970,346 | — | 2,668,584 | 1,266,559 | 3,195,219 | |
Columbia Inflation Protected Securities Fund | |||||||||
57,184,897 | 9,333,718 | (64,547,102) | (1,971,513) | — | — | 1,550,026 | — | — | |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class | |||||||||
14,253,804 | 86,735,124 | (30,710,810) | 14,065,729 | 84,343,847 | 3,747,344 | 3,446,431 | 1,054,184 | 3,136,625 | |
Columbia Large Cap Index Fund, Institutional 3 Class | |||||||||
57,074,167 | 306,193,398 | (155,409,624) | 46,256,580 | 254,114,521 | 11,985,901 | 13,800,420 | 3,763,552 | 4,577,815 | |
Columbia Quality Income Fund, Institutional 3 Class | |||||||||
114,706,732 | 166,127,389 | (113,264,781) | 1,861,630 | 169,430,970 | 1,897,643 | 2,349,289 | 4,189,528 | 7,516,902 | |
Columbia Research Enhanced Core ETF | |||||||||
— | 95,476,685 | (28,553,789) | 16,203,033 | 83,125,929 | — | 391,836 | 902,580 | 3,382,155 | |
Columbia Select Mid Cap Value Fund, Institutional 3 Class | |||||||||
— | 67,096,572 | — | 20,613,046 | 87,709,618 | 1,587,312 | — | 503,180 | 7,580,779 | |
Columbia Short Term Bond Fund, Institutional 3 Class | |||||||||
86,093,014 | 122,981,213 | (86,247,331) | 3,856,926 | 126,683,822 | — | (1,859,247) | 2,209,786 | 12,542,953 | |
Columbia Short-Term Cash Fund, 0.107% | |||||||||
6,263,184 | 452,493,844 | (451,856,000) | 2 | 6,901,030 | — | 146 | 42,089 | 6,901,721 | |
Columbia Total Return Bond Fund, Institutional 3 Class | |||||||||
— | 155,076,617 | (71,794,838) | 1,363,810 | 84,645,589 | 3,784,222 | 719,524 | 1,416,004 | 2,204,312 | |
Columbia U.S. Treasury Index Fund, Institutional 3 Class | |||||||||
200,147,836 | 300,181,101 | (197,601,763) | (7,060,403) | 295,666,771 | 1,610,700 | 16,080,412 | 3,261,279 | 24,496,004 | |
Total | 721,573,634 | 162,365,695 | 1,701,692,065 | 52,238,132 | 53,695,234 | 23,279,583 |
(b) | Non-income producing investment. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2020. |
■ | 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) |
48 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Thermostat FundSM, December 31, 2020
The Committee is responsible for applying the Columbia Acorn Trust Portfolio Pricing Policy and the Columbia Wanger Asset Management pricing procedures (the Policies), which are approved by and subject to the oversight of the Board of Trustees.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Equity Funds | 766,148,811 | — | — | 766,148,811 |
Exchange-Traded Equity Funds | 83,125,929 | — | — | 83,125,929 |
Exchange-Traded Fixed Income Funds | 84,444,150 | — | — | 84,444,150 |
Fixed Income Funds | 761,072,145 | — | — | 761,072,145 |
Money Market Funds | 6,901,030 | — | — | 6,901,030 |
Total Investments in Securities | 1,701,692,065 | — | — | 1,701,692,065 |
Columbia Acorn Family of Funds | Annual Report 2020 | 49 |
Columbia Acorn European FundSM, December 31, 2020
Common Stocks 96.9% | ||
Issuer | Shares | Value ($) |
Austria 1.4% | ||
S&T AG(a) | 66,900 | 1,578,668 |
Denmark 5.2% | ||
ALK-Abello AS(a) | 5,757 | 2,371,342 |
SimCorp AS | 21,892 | 3,254,822 |
Total | 5,626,164 | |
France 2.0% | ||
Robertet SA | 1,957 | 2,163,646 |
Germany 12.8% | ||
Deutsche Beteiligungs AG | 25,555 | 1,033,358 |
Eckert & Ziegler Strahlen- und Medizintechnik AG | 34,566 | 1,893,484 |
Exasol AG(a) | 31,254 | 1,063,735 |
Hypoport SE(a) | 5,308 | 3,373,121 |
Jenoptik AG | 52,200 | 1,594,450 |
Nemetschek SE | 27,035 | 2,009,197 |
TeamViewer AG(a) | 34,538 | 1,855,292 |
Washtec AG(a) | 21,109 | 1,136,733 |
Total | 13,959,370 | |
Greece 0.8% | ||
JUMBO SA | 52,245 | 900,965 |
Ireland 1.7% | ||
UDG Healthcare PLC | 174,139 | 1,858,746 |
Italy 6.8% | ||
Amplifon SpA(a) | 42,715 | 1,775,499 |
Carel Industries SpA | 98,151 | 2,299,801 |
GVS SpA(a) | 103,821 | 1,934,202 |
Nexi SpA(a) | 70,479 | 1,402,470 |
Total | 7,411,972 | |
Malta 1.4% | ||
Kindred Group PLC(a) | 160,295 | 1,568,381 |
Netherlands 5.5% | ||
Argenx SE(a) | 3,935 | 1,159,570 |
BE Semiconductor Industries NV | 27,842 | 1,671,949 |
IMCD NV | 24,325 | 3,096,087 |
Total | 5,927,606 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Spain 4.2% | ||
Befesa SA | 36,034 | 2,272,792 |
Vidrala SA | 19,382 | 2,247,044 |
Total | 4,519,836 | |
Sweden 22.9% | ||
AddTech AB, B Shares | 231,739 | 3,079,694 |
Dometic Group AB(a) | 134,466 | 1,783,226 |
Dustin Group AB | 168,551 | 1,317,130 |
Hexagon AB, Class B | 43,672 | 4,003,938 |
Munters Group AB(a) | 373,373 | 3,766,585 |
Sectra AB, Class B(a) | 61,901 | 5,480,500 |
Sweco AB, Class B | 174,060 | 3,194,499 |
Trelleborg AB, Class B(a) | 99,389 | 2,207,630 |
Total | 24,833,202 | |
Switzerland 7.4% | ||
Belimo Holding AG, Registered Shares | 246 | 2,137,128 |
Gurit Holding AG | 499 | 1,405,717 |
Inficon Holding AG | 2,301 | 2,107,804 |
Kardex Energy AG | 5,800 | 1,278,144 |
Partners Group Holding AG | 928 | 1,090,439 |
Total | 8,019,232 | |
United Kingdom 22.9% | ||
Abcam PLC | 54,262 | 1,150,152 |
Auto Trader Group PLC | 228,647 | 1,861,128 |
Dechra Pharmaceuticals PLC | 61,591 | 2,900,735 |
Diploma PLC | 91,461 | 2,734,756 |
Genus PLC | 18,100 | 1,035,681 |
Halma PLC | 63,394 | 2,123,083 |
Intermediate Capital Group PLC | 108,337 | 2,549,180 |
Rentokil Initial PLC(a) | 443,866 | 3,094,712 |
Rightmove PLC(a) | 240,962 | 2,140,895 |
RWS Holdings PLC | 124,820 | 914,440 |
Safestore Holdings PLC | 115,461 | 1,234,053 |
Spirax-Sarco Engineering PLC | 20,361 | 3,143,005 |
Total | 24,881,820 |
50 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn European FundSM, December 31, 2020
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
United States 1.9% | ||
Inter Parfums, Inc. | 33,377 | 2,018,975 |
Total Common Stocks (Cost $62,654,576) | 105,268,583 | |
Money Market Funds 2.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.107%(b),(c) | 2,989,901 | 2,989,602 |
Total Money Market Funds (Cost $2,989,602) | 2,989,602 | |
Total Investments in Securities (Cost $65,644,178) | 108,258,185 | |
Other Assets & Liabilities, Net | 381,008 | |
Net Assets | $108,639,193 |
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at December 31, 2020. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.122% | ||||||||
3,469,112 | 42,003,534 | (42,483,044) | — | 2,989,602 | (913) | 12,063 | 2,989,901 |
■ | 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 2020 | 51 |
Columbia Acorn European FundSM, December 31, 2020
require fair valuation and fair value techniques; circumstances under which securities will be deemed to pose a potential for stale pricing, including when securities are illiquid, restricted, or in default; and certain delegations of authority to determine fair values to the Fund’s investment manager. The Committee may also meet to discuss additional valuation matters, which may include review of back-testing results, review of time-sensitive information or approval of other valuation related actions, and to review the appropriateness of the Policies.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Austria | — | 1,578,668 | — | 1,578,668 |
Denmark | — | 5,626,164 | — | 5,626,164 |
France | — | 2,163,646 | — | 2,163,646 |
Germany | — | 13,959,370 | — | 13,959,370 |
Greece | — | 900,965 | — | 900,965 |
Ireland | — | 1,858,746 | — | 1,858,746 |
Italy | — | 7,411,972 | — | 7,411,972 |
Malta | — | 1,568,381 | — | 1,568,381 |
Netherlands | — | 5,927,606 | — | 5,927,606 |
Spain | — | 4,519,836 | — | 4,519,836 |
Sweden | — | 24,833,202 | — | 24,833,202 |
Switzerland | — | 8,019,232 | — | 8,019,232 |
United Kingdom | — | 24,881,820 | — | 24,881,820 |
United States | 2,018,975 | — | — | 2,018,975 |
Total Common Stocks | 2,018,975 | 103,249,608 | — | 105,268,583 |
Money Market Funds | 2,989,602 | — | — | 2,989,602 |
Total Investments in Securities | 5,008,577 | 103,249,608 | — | 108,258,185 |
52 | Columbia Acorn Family of Funds | Annual Report 2020 |
December 31, 2020
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Assets | |||
Investments in securities, at value* | |||
Unaffiliated issuers (cost $3,424,412,198, $1,498,166,117, $230,666,653, respectively) | $4,952,929,905 | $2,416,061,609 | $340,410,232 |
Affiliated issuers (cost $70,957,452, $61,934,514, $3,539,991, respectively) | 67,960,230 | 61,934,514 | 3,540,814 |
Foreign currency (cost $—, $110,020, $—, respectively) | — | 110,836 | — |
Margin deposits on: | |||
Futures contracts | — | 3,987,630 | — |
Receivable for: | |||
Investments sold | — | 14,161,121 | 406,617 |
Capital shares sold | 526,247 | 587,905 | 90,120 |
Dividends | 1,323,169 | 3,140,994 | 74,151 |
Securities lending income | 246,350 | 3,663 | 22,185 |
Foreign tax reclaims | 4,454 | 1,997,202 | 418 |
Expense reimbursement due from Investment Manager | — | 789 | — |
Prepaid expenses | 115,437 | 63,652 | 7,192 |
Trustees’ deferred compensation plan | 4,451,066 | 2,266,398 | 391,437 |
Total assets | 5,027,556,858 | 2,504,316,313 | 344,943,166 |
Liabilities | |||
Due to custodian | — | 8,854 | — |
Due upon return of securities on loan | 143,378,229 | 259,440 | 7,793,305 |
Payable for: | |||
Investments purchased | — | 1,877,832 | — |
Capital shares purchased | 9,170,044 | 1,581,904 | 519,632 |
Variation margin for futures contracts | — | 235,195 | — |
Investment advisory fee | 89,300 | 53,978 | 8,486 |
Distribution and/or service fees | 8,306 | 2,532 | 478 |
Transfer agent fees | 399,421 | 199,444 | 27,833 |
Administration fees | 6,417 | 3,278 | 443 |
Trustees’ fees | 6,039 | 54,295 | 367 |
Compensation of chief compliance officer | 8,681 | 4,864 | 560 |
Other expenses | 198,785 | 227,673 | 37,630 |
Trustees’ deferred compensation plan | 4,451,066 | 2,266,398 | 391,437 |
Total liabilities | 157,716,288 | 6,775,687 | 8,780,171 |
Net assets applicable to outstanding capital stock | $4,869,840,570 | $2,497,540,626 | $336,162,995 |
Represented by | |||
Paid in capital | 3,143,806,241 | 1,605,558,728 | 222,188,736 |
Total distributable earnings (loss) | 1,726,034,329 | 891,981,898 | 113,974,259 |
Total - representing net assets applicable to outstanding capital stock | $4,869,840,570 | $2,497,540,626 | $336,162,995 |
* Includes the value of securities on loan | 138,033,364 | 247,052 | 7,268,332 |
Columbia Acorn Family of Funds | Annual Report 2020 | 53 |
December 31, 2020
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Class A | |||
Net assets | $983,708,699 | $283,477,871 | $59,049,654 |
Shares outstanding | 77,521,539 | 8,261,596 | 4,347,560 |
Net asset value per share(a) | $12.69 | $34.31 | $13.58 |
Maximum sales charge | 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) | $13.46 | $36.40 | $14.41 |
Advisor Class | |||
Net assets | $44,138,706 | $22,548,891 | $23,157,764 |
Shares outstanding | 2,500,338 | 645,210 | 1,198,907 |
Net asset value per share(c) | $17.65 | $34.95 | $19.32 |
Class C | |||
Net assets | $55,861,299 | $19,998,074 | $2,658,057 |
Shares outstanding | 3,460,619 | 636,333 | 146,551 |
Net asset value per share(a) | $16.14 | $31.43 | $18.14 |
Institutional Class | |||
Net assets | $3,569,793,847 | $1,760,927,289 | $170,649,846 |
Shares outstanding | 215,069,131 | 51,091,575 | 9,533,249 |
Net asset value per share(c) | $16.60 | $34.47 | $17.90 |
Institutional 2 Class | |||
Net assets | $61,000,489 | $129,575,886 | $3,344,003 |
Shares outstanding | 3,411,715 | 3,760,398 | 171,510 |
Net asset value per share(c) | $17.88 | $34.46 | $19.50 |
Institutional 3 Class | |||
Net assets | $155,337,530 | $277,614,466 | $77,303,671 |
Shares outstanding | 8,570,463 | 7,934,661 | 3,915,310 |
Net asset value per share(c) | $18.12 | $34.99 | $19.74 |
Class R | |||
Net assets | $— | $3,398,149 | $— |
Shares outstanding | — | 99,241 | — |
Net asset value per share(c) | $— | $34.24 | $— |
(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. |
54 | Columbia Acorn Family of Funds | Annual Report 2020 |
December 31, 2020
Columbia Acorn International SelectSM | Columbia Thermostat FundSM | Columbia Acorn European FundSM | |
Assets | |||
Investments in securities, at value | |||
Unaffiliated issuers (cost $359,980,426, $—, $62,654,576, respectively) | $490,796,615 | $— | $105,268,583 |
Affiliated issuers (cost $3,594,978, $1,495,533,063, $2,989,602, respectively) | 3,594,978 | 1,701,692,065 | 2,989,602 |
Cash | — | 12,400 | — |
Foreign currency (cost $106,606, $—, $16,027, respectively) | 107,126 | — | 16,126 |
Receivable for: | |||
Investments sold | 745,271 | — | — |
Capital shares sold | 146,086 | 6,504,990 | 529,894 |
Dividends | 740,276 | 1,848,177 | 68,992 |
Securities lending income | 1,340 | — | 202 |
Foreign tax reclaims | 619,865 | — | 174,739 |
Expense reimbursement due from Investment Manager | 2,690 | 3,124 | 937 |
Prepaid expenses | 12,999 | 39,605 | 2,524 |
Total assets | 496,767,246 | 1,710,100,361 | 109,051,599 |
Liabilities | |||
Due to custodian | 200 | — | — |
Payable for: | |||
Investments purchased | — | 1,847,289 | — |
Capital shares purchased | 152,975 | 1,431,554 | 345,847 |
Investment advisory fee | 12,059 | 4,639 | 3,487 |
Distribution and/or service fees | 1,662 | 9,123 | 446 |
Transfer agent fees | 43,846 | 144,421 | 9,268 |
Administration fees | 650 | 2,225 | 143 |
Trustees’ fees | 351,749 | 304,560 | 20,626 |
Compensation of chief compliance officer | 824 | 2,627 | 163 |
Other expenses | 68,738 | 80,030 | 32,426 |
Total liabilities | 632,703 | 3,826,468 | 412,406 |
Net assets applicable to outstanding capital stock | $496,134,543 | $1,706,273,893 | $108,639,193 |
Represented by | |||
Paid in capital | 370,855,403 | 1,475,594,906 | 70,547,977 |
Total distributable earnings (loss) | 125,279,140 | 230,678,987 | 38,091,216 |
Total - representing net assets applicable to outstanding capital stock | $496,134,543 | $1,706,273,893 | $108,639,193 |
Columbia Acorn Family of Funds | Annual Report 2020 | 55 |
December 31, 2020
Columbia Acorn International SelectSM | Columbia Thermostat FundSM | Columbia Acorn European FundSM | |
Class A | |||
Net assets | $230,518,582 | $505,237,612 | $42,058,594 |
Shares outstanding | 6,846,928 | 27,601,028 | 1,529,725 |
Net asset value per share(a) | $33.67 | $18.31 | $27.49 |
Maximum sales charge | 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) | $35.72 | $19.43 | $29.17 |
Advisor Class | |||
Net assets | $2,747,569 | $130,921,104 | $1,781,434 |
Shares outstanding | 79,499 | 7,225,110 | 64,125 |
Net asset value per share(c) | $34.56 | $18.12 | $27.78 |
Class C | |||
Net assets | $3,250,699 | $208,937,451 | $5,705,241 |
Shares outstanding | 106,942 | 11,336,914 | 212,605 |
Net asset value per share(a) | $30.40 | $18.43 | $26.83 |
Institutional Class | |||
Net assets | $155,133,320 | $729,118,856 | $55,170,732 |
Shares outstanding | 4,528,825 | 40,494,959 | 1,995,913 |
Net asset value per share(c) | $34.25 | $18.01 | $27.64 |
Institutional 2 Class | |||
Net assets | $77,420,026 | $129,197,137 | $3,854,519 |
Shares outstanding | 2,239,367 | 7,121,059 | 137,778 |
Net asset value per share(c) | $34.57 | $18.14 | $27.98 |
Institutional 3 Class | |||
Net assets | $27,064,347 | $2,861,733 | $68,673 |
Shares outstanding | 783,182 | 157,997 | 2,494 |
Net asset value per share(c) | $34.56 | $18.11 | $27.54 |
(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. |
56 | Columbia Acorn Family of Funds | Annual Report 2020 |
Year Ended December 31, 2020
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Net investment income | |||
Income: | |||
Dividends — unaffiliated issuers | $21,547,824 | $35,848,378 | $1,245,312 |
Dividends — affiliated issuers | 529,252 | 360,888 | 75,196 |
Income from securities lending — net | 462,100 | 887,939 | 40,800 |
Foreign taxes withheld | (36,464) | (3,150,201) | (7,665) |
Total income | 22,502,712 | 33,947,004 | 1,353,643 |
Expenses: | |||
Investment advisory fee | 27,510,670 | 18,520,125 | 2,571,334 |
Distribution and/or service fees | |||
Class A | 2,026,552 | 633,994 | 124,356 |
Class C | 567,348 | 168,116 | 26,145 |
Class R | — | 14,823 | — |
Transfer agent fees | |||
Class A | 697,212 | 276,231 | 57,371 |
Advisor Class | 34,687 | 22,560 | 20,740 |
Class C | 49,154 | 18,211 | 3,033 |
Institutional Class | 2,604,152 | 1,806,253 | 164,180 |
Institutional 2 Class | 29,467 | 83,445 | 1,675 |
Institutional 3 Class | 7,424 | 16,236 | 4,309 |
Class R | — | 3,231 | — |
Administration fees | 2,013,589 | 1,150,836 | 136,880 |
Trustees’ fees | 474,755 | 286,157 | 32,612 |
Custodian fees | 23,737 | 403,494 | 9,402 |
Printing and postage fees | 156,321 | 148,757 | 31,268 |
Registration fees | 108,582 | 109,517 | 94,223 |
Audit fees | 36,863 | 102,797 | 34,128 |
Legal fees | 882,490 | 517,208 | 60,254 |
Line of credit interest | — | 86 | — |
Compensation of chief compliance officer | 17,088 | 10,445 | 1,193 |
Other | 249,894 | 168,437 | 23,720 |
Total expenses | 37,489,985 | 24,460,959 | 3,396,823 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (3,090) | (894,866) | (113,004) |
Fees waived by transfer agent | |||
Institutional 2 Class | (2,205) | (16,079) | (596) |
Institutional 3 Class | — | (11,038) | (4,309) |
Expense reduction | (6,726) | (6,632) | (1,080) |
Total net expenses | 37,477,964 | 23,532,344 | 3,277,834 |
Net investment income (loss) | (14,975,252) | 10,414,660 | (1,924,191) |
Realized and unrealized gain (loss) — net | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers | 701,856,947 | 249,417,964 | 14,290,968 |
Investments — affiliated issuers | (21,550,393) | 1,777 | (3,923) |
Foreign currency translations | — | (128,203) | — |
Futures contracts | 278,742 | 21,979,409 | 3,013,592 |
Net realized gain | 680,585,296 | 271,270,947 | 17,300,637 |
Net change in unrealized appreciation (depreciation) on: | |||
Investments — unaffiliated issuers | 468,100,275 | 21,576,120 | 47,281,739 |
Investments — affiliated issuers | (2,997,222) | — | 823 |
Foreign currency translations | — | 160,265 | — |
Futures contracts | — | 1,009,673 | — |
Net change in unrealized appreciation (depreciation) | 465,103,053 | 22,746,058 | 47,282,562 |
Net realized and unrealized gain | 1,145,688,349 | 294,017,005 | 64,583,199 |
Net increase in net assets resulting from operations | $1,130,713,097 | $304,431,665 | $62,659,008 |
Columbia Acorn Family of Funds | Annual Report 2020 | 57 |
Year Ended December 31, 2020
Columbia Acorn International SelectSM | Columbia Thermostat FundSM | Columbia Acorn European FundSM | |
Net investment income | |||
Income: | |||
Dividends — unaffiliated issuers | $3,760,980 | $— | $794,375 |
Dividends — affiliated issuers | 32,847 | 23,279,583 | 12,063 |
Other Income | — | 6 | — |
Income from securities lending — net | 12,876 | — | 25,080 |
Foreign taxes withheld | (409,927) | — | (83,499) |
Total income | 3,396,776 | 23,279,589 | 748,019 |
Expenses: | |||
Investment advisory fee | 2,613,625 | 1,141,494 | 978,881 |
Distribution and/or service fees | |||
Class A | 267,833 | 871,193 | 77,498 |
Class C | 23,256 | 1,781,122 | 52,000 |
Transfer agent fees | |||
Class A | 169,834 | 343,660 | 32,946 |
Advisor Class | 3,140 | 54,040 | 1,558 |
Class C | 3,491 | 175,279 | 5,585 |
Institutional Class | 162,740 | 469,322 | 44,322 |
Institutional 2 Class | 31,605 | 47,988 | 1,751 |
Institutional 3 Class | 1,506 | 367 | 4 |
Administration fees | 143,124 | 561,618 | 40,553 |
Trustees’ fees | 77,307 | 156,726 | 12,147 |
Custodian fees | 59,960 | 2,495 | 30,673 |
Printing and postage fees | 42,170 | 95,830 | 19,901 |
Registration fees | 95,185 | 186,560 | 92,089 |
Audit fees | 38,405 | 15,198 | 33,883 |
Legal fees | 57,982 | 229,459 | 18,020 |
Line of credit interest | — | 322 | 207 |
Compensation of chief compliance officer | 1,106 | 4,161 | 371 |
Other | 29,516 | 58,496 | 14,241 |
Total expenses | 3,821,785 | 6,195,330 | 1,456,630 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (616,055) | (740,077) | (340,414) |
Fees waived by transfer agent | |||
Institutional 2 Class | (2,267) | — | (536) |
Institutional 3 Class | (692) | — | (4) |
Expense reduction | (9,771) | (160) | — |
Total net expenses | 3,193,000 | 5,455,093 | 1,115,676 |
Net investment income (loss) | 203,776 | 17,824,496 | (367,657) |
Realized and unrealized gain (loss) — net | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers | (2,943,460) | — | 3,858,453 |
Investments — affiliated issuers | (2,877) | 53,695,234 | (913) |
Capital gain distributions from underlying affiliated funds | — | 52,238,132 | — |
Foreign currency translations | (62,851) | — | (26,795) |
Net realized gain (loss) | (3,009,188) | 105,933,366 | 3,830,745 |
Net change in unrealized appreciation (depreciation) on: | |||
Investments — unaffiliated issuers | 82,947,678 | — | 11,480,859 |
Investments — affiliated issuers | — | 162,365,695 | — |
Foreign currency translations | 48,659 | — | 13,886 |
Net change in unrealized appreciation (depreciation) | 82,996,337 | 162,365,695 | 11,494,745 |
Net realized and unrealized gain | 79,987,149 | 268,299,061 | 15,325,490 |
Net increase in net assets resulting from operations | $80,190,925 | $286,123,557 | $14,957,833 |
58 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn® Fund | Columbia Acorn International® | |||
Year Ended December 31, 2020 | Year Ended December 31, 2019 | Year Ended December 31, 2020 | Year Ended December 31, 2019 | |
Operations | ||||
Net investment income (loss) | $(14,975,252) | $(5,038,865) | $10,414,660 | $26,459,641 |
Net realized gain | 680,585,296 | 537,959,386 | 271,270,947 | 189,362,155 |
Net change in unrealized appreciation (depreciation) | 465,103,053 | 439,927,446 | 22,746,058 | 485,609,937 |
Net increase in net assets resulting from operations | 1,130,713,097 | 972,847,967 | 304,431,665 | 701,431,733 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (150,373,734) | (110,582,346) | (34,334,393) | (33,066,056) |
Advisor Class | (5,281,322) | (4,615,704) | (2,890,397) | (1,425,903) |
Class C | (14,567,713) | (24,489,308) | (2,457,496) | (2,146,649) |
Institutional Class | (438,953,007) | (344,231,371) | (221,646,811) | (213,404,097) |
Institutional 2 Class | (6,996,582) | (5,227,592) | (18,032,639) | (21,058,497) |
Institutional 3 Class | (16,279,584) | (7,796,098) | (33,290,405) | (27,606,607) |
Class R | — | — | (402,136) | (374,176) |
Total distributions to shareholders | (632,451,942) | (496,942,419) | (313,054,277) | (299,081,985) |
Increase (decrease) in net assets from capital stock activity | 212,416,503 | (115,107,691) | (208,084,940) | (213,532,913) |
Total increase (decrease) in net assets | 710,677,658 | 360,797,857 | (216,707,552) | 188,816,835 |
Net assets at beginning of year | 4,159,162,912 | 3,798,365,055 | 2,714,248,178 | 2,525,431,343 |
Net assets at end of year | $4,869,840,570 | $4,159,162,912 | $2,497,540,626 | $2,714,248,178 |
Columbia Acorn Family of Funds | Annual Report 2020 | 59 |
Columbia Acorn USA® | Columbia Acorn International SelectSM | |||
Year Ended December 31, 2020 | Year Ended December 31, 2019 | Year Ended December 31, 2020 | Year Ended December 31, 2019 | |
Operations | ||||
Net investment income (loss) | $(1,924,191) | $(644,036) | $203,776 | $698,274 |
Net realized gain (loss) | 17,300,637 | 31,861,458 | (3,009,188) | 9,151,599 |
Net change in unrealized appreciation (depreciation) | 47,282,562 | 49,992,890 | 82,996,337 | 27,625,785 |
Net increase in net assets resulting from operations | 62,659,008 | 81,210,312 | 80,190,925 | 37,475,658 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (3,334,546) | (7,620,982) | (137,241) | (3,162,237) |
Advisor Class | (927,003) | (1,842,281) | (6,211) | (194,771) |
Class C | (298,962) | (1,208,980) | (6,451) | (214,120) |
Institutional Class | (7,684,936) | (16,965,767) | (262,018) | (7,922,245) |
Institutional 2 Class | (135,059) | (383,196) | (225,716) | (289,819) |
Institutional 3 Class | (3,102,308) | (6,484,915) | (53,063) | (1,214,883) |
Total distributions to shareholders | (15,482,814) | (34,506,121) | (690,700) | (12,998,075) |
Increase (decrease) in net assets from capital stock activity | (20,411,506) | (13,299,648) | 268,475,687 | 14,414,867 |
Total increase in net assets | 26,764,688 | 33,404,543 | 347,975,912 | 38,892,450 |
Net assets at beginning of year | 309,398,307 | 275,993,764 | 148,158,631 | 109,266,181 |
Net assets at end of year | $336,162,995 | $309,398,307 | $496,134,543 | $148,158,631 |
60 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Thermostat FundSM | Columbia Acorn European FundSM | |||
Year Ended December 31, 2020 | Year Ended December 31, 2019 | Year Ended December 31, 2020 | Year Ended December 31, 2019 | |
Operations | ||||
Net investment income (loss) | $17,824,496 | $12,117,664 | $(367,657) | $354,347 |
Net realized gain | 105,933,366 | 35,238,644 | 3,830,745 | 1,654,113 |
Net change in unrealized appreciation (depreciation) | 162,365,695 | 47,454,371 | 11,494,745 | 27,314,511 |
Net increase in net assets resulting from operations | 286,123,557 | 94,810,679 | 14,957,833 | 29,322,971 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (29,853,089) | (11,138,390) | (160,959) | (264,373) |
Advisor Class | (7,487,768) | (822,651) | (7,030) | (18,540) |
Class C | (11,618,991) | (6,895,240) | (30,429) | (12,781) |
Institutional Class | (44,952,118) | (15,210,441) | (199,953) | (509,487) |
Institutional 2 Class | (7,900,364) | (2,004,840) | (22,104) | (20,361) |
Institutional 3 Class | (182,364) | (45,752) | (21) | (218) |
Total distributions to shareholders | (101,994,694) | (36,117,314) | (420,496) | (825,760) |
Increase (decrease) in net assets from capital stock activity | 797,756,258 | 23,842,525 | 839,659 | (3,740,595) |
Total increase in net assets | 981,885,121 | 82,535,890 | 15,376,996 | 24,756,616 |
Net assets at beginning of year | 724,388,772 | 641,852,882 | 93,262,197 | 68,505,581 |
Net assets at end of year | $1,706,273,893 | $724,388,772 | $108,639,193 | $93,262,197 |
Columbia Acorn Family of Funds | Annual Report 2020 | 61 |
Columbia Acorn® Fund | Columbia Acorn International® | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | |||||
Shares(a) | Dollars ($) | Shares(a) | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 4,688,264 | 54,407,624 | 4,133,500 | 49,889,518 | 435,640 | 13,349,899 | 677,087 | 22,088,511 |
Fund reorganization | 7,633,122 | 86,559,646 | — | — | 401,457 | 12,160,120 | — | — |
Distributions reinvested | 11,451,072 | 137,106,865 | 8,657,230 | 101,720,934 | 1,022,070 | 32,891,134 | 970,899 | 31,720,047 |
Redemptions | (15,492,356) | (179,323,557) | (15,689,169) | (189,802,211) | (2,598,676) | (79,701,674) | (2,698,710) | (88,374,572) |
Net increase (decrease) | 8,280,102 | 98,750,578 | (2,898,439) | (38,191,759) | (739,509) | (21,300,521) | (1,050,724) | (34,566,014) |
Advisor Class | ||||||||
Subscriptions | 462,475 | 7,310,751 | 634,032 | 9,825,645 | 505,382 | 16,108,591 | 208,923 | 6,902,364 |
Fund reorganization | 86,140 | 1,315,365 | — | — | 10,583 | 325,654 | — | — |
Distributions reinvested | 279,871 | 4,586,563 | 267,774 | 4,133,765 | 88,709 | 2,890,336 | 42,987 | 1,423,610 |
Redemptions | (1,179,579) | (18,249,135) | (1,016,953) | (15,975,063) | (326,695) | (10,135,796) | (311,685) | (10,230,546) |
Net increase (decrease) | (351,093) | (5,036,456) | (115,147) | (2,015,653) | 277,979 | 9,188,785 | (59,775) | (1,904,572) |
Class C | ||||||||
Subscriptions | 202,898 | 2,992,920 | 279,956 | 5,491,211 | 21,414 | 615,973 | 29,066 | 886,533 |
Fund reorganization | 139,092 | 1,964,002 | — | — | 206,250 | 5,785,299 | — | — |
Distributions reinvested | 965,200 | 14,020,819 | 1,312,812 | 23,102,168 | 81,909 | 2,439,825 | 68,676 | 2,086,897 |
Redemptions | (2,038,003) | (30,727,957) | (1,730,252) | (34,594,301) | (260,624) | (7,549,238) | (336,100) | (10,292,732) |
Net increase (decrease) | (730,813) | (11,750,216) | (137,484) | (6,000,922) | 48,949 | 1,291,859 | (238,358) | (7,319,302) |
Institutional Class | ||||||||
Subscriptions | 4,362,457 | 64,578,049 | 5,282,488 | 78,653,539 | 2,231,454 | 67,688,698 | 3,027,722 | 97,126,882 |
Fund reorganization | 8,169,626 | 117,887,709 | — | — | 435,556 | 13,232,202 | — | — |
Distributions reinvested | 26,042,782 | 403,676,921 | 21,464,688 | 314,291,159 | 5,578,841 | 180,071,314 | 5,165,099 | 169,181,217 |
Redemptions | (35,542,945) | (518,688,814) | (31,681,570) | (472,045,610) | (14,024,302) | (429,532,164) | (13,128,298) | (430,557,597) |
Net increase (decrease) | 3,031,920 | 67,453,865 | (4,934,394) | (79,100,912) | (5,778,451) | (168,539,950) | (4,935,477) | (164,249,498) |
Institutional 2 Class | ||||||||
Subscriptions | 817,139 | 12,495,019 | 1,259,715 | 19,821,837 | 642,789 | 20,785,644 | 1,727,791 | 55,959,823 |
Fund reorganization | 204,341 | 3,157,067 | — | — | 8,252 | 250,540 | — | — |
Distributions reinvested | 420,207 | 6,994,417 | 335,376 | 5,227,592 | 265,894 | 8,594,008 | 291,169 | 9,522,689 |
Redemptions | (1,318,362) | (20,493,897) | (1,005,277) | (15,963,671) | (2,525,963) | (80,967,049) | (2,091,836) | (68,276,761) |
Net increase (decrease) | 123,325 | 2,152,606 | 589,814 | 9,085,758 | (1,609,028) | (51,336,857) | (72,876) | (2,794,249) |
Institutional 3 Class | ||||||||
Subscriptions | 6,783,381 | 92,424,393 | 3,890,545 | 60,686,076 | 3,467,150 | 93,267,502 | 2,923,055 | 94,591,351 |
Fund reorganization | 367,453 | 5,746,856 | — | — | 20,109 | 619,153 | — | — |
Distributions reinvested | 956,314 | 16,224,539 | 493,331 | 7,781,931 | 775,293 | 25,432,820 | 612,009 | 20,271,580 |
Redemptions | (3,659,083) | (53,549,662) | (4,198,217) | (67,352,210) | (3,234,167) | (96,540,634) | (3,297,334) | (110,042,832) |
Net increase | 4,448,065 | 60,846,126 | 185,659 | 1,115,797 | 1,028,385 | 22,778,841 | 237,730 | 4,820,099 |
Class R | ||||||||
Subscriptions | — | — | — | — | 12,442 | 384,006 | 30,713 | 995,788 |
Distributions reinvested | — | — | — | — | 12,421 | 399,796 | 10,724 | 350,523 |
Redemptions | — | — | — | — | (33,602) | (950,899) | (274,820) | (8,865,688) |
Net decrease | — | — | — | — | (8,739) | (167,097) | (233,383) | (7,519,377) |
Total net increase (decrease) | 14,801,506 | 212,416,503 | (7,309,991) | (115,107,691) | (6,780,414) | (208,084,940) | (6,352,863) | (213,532,913) |
(a) | Share activity for Class C has been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
62 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn USA® | Columbia Acorn International SelectSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | |||||
Shares(a) | Dollars ($) | Shares(a) | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 346,060 | 3,817,424 | 491,865 | 5,786,792 | 628,129 | 16,436,706 | 347,272 | 9,462,114 |
Fund reorganization | — | — | — | — | 5,674,674 | 165,360,417 | — | — |
Distributions reinvested | 266,526 | 3,190,992 | 634,698 | 7,303,655 | 5,030 | 134,560 | 109,077 | 3,076,483 |
Redemptions | (1,104,170) | (11,907,742) | (1,072,140) | (12,603,235) | (771,815) | (20,777,304) | (257,870) | (7,091,324) |
Net increase (decrease) | (491,584) | (4,899,326) | 54,423 | 487,212 | 5,536,018 | 161,154,379 | 198,479 | 5,447,273 |
Advisor Class | ||||||||
Subscriptions | 219,087 | 3,501,300 | 120,871 | 1,933,694 | 34,327 | 949,659 | 79,526 | 2,161,624 |
Fund reorganization | — | — | — | — | 13,886 | 415,049 | — | — |
Distributions reinvested | 54,222 | 927,003 | 115,785 | 1,842,281 | 226 | 6,202 | 6,747 | 194,489 |
Redemptions | (251,565) | (3,745,560) | (117,952) | (1,888,811) | (38,301) | (1,005,492) | (66,954) | (1,894,157) |
Net increase | 21,744 | 682,743 | 118,704 | 1,887,164 | 10,138 | 365,418 | 19,319 | 461,956 |
Class C | ||||||||
Subscriptions | 20,827 | 297,879 | 23,201 | 473,031 | 11,506 | 302,527 | 15,892 | 397,853 |
Fund reorganization | — | — | — | — | 51,121 | 1,349,083 | — | — |
Distributions reinvested | 19,743 | 289,386 | 68,702 | 1,182,883 | 265 | 6,424 | 8,233 | 211,391 |
Redemptions | (87,933) | (1,291,382) | (153,029) | (2,976,839) | (51,813) | (1,235,107) | (56,413) | (1,390,018) |
Net increase (decrease) | (47,363) | (704,117) | (61,126) | (1,320,925) | 11,079 | 422,927 | (32,288) | (780,774) |
Institutional Class | ||||||||
Subscriptions | 310,344 | 4,280,049 | 675,875 | 10,092,246 | 550,028 | 15,266,316 | 722,561 | 20,085,054 |
Fund reorganization | — | — | — | — | 2,384,285 | 70,622,469 | — | — |
Distributions reinvested | 466,504 | 7,368,960 | 1,087,911 | 16,120,066 | 8,639 | 234,705 | 249,415 | 7,131,691 |
Redemptions | (1,704,651) | (24,375,489) | (2,853,692) | (42,620,474) | (1,480,207) | (42,408,722) | (820,978) | (22,993,971) |
Net increase (decrease) | (927,803) | (12,726,480) | (1,089,906) | (16,408,162) | 1,462,745 | 43,714,768 | 150,998 | 4,222,774 |
Institutional 2 Class | ||||||||
Subscriptions | 50,915 | 759,419 | 70,285 | 1,123,435 | 2,597,666 | 67,295,084 | 69,064 | 1,956,202 |
Fund reorganization | — | — | — | — | 27,450 | 820,474 | — | — |
Distributions reinvested | 7,827 | 135,002 | 23,915 | 383,079 | 8,235 | 225,716 | 10,034 | 289,564 |
Redemptions | (118,538) | (1,926,685) | (103,044) | (1,613,701) | (509,998) | (14,522,127) | (13,076) | (375,971) |
Net increase (decrease) | (59,796) | (1,032,264) | (8,844) | (107,187) | 2,123,353 | 53,819,147 | 66,022 | 1,869,795 |
Institutional 3 Class | ||||||||
Subscriptions | 462,738 | 7,546,284 | 548,567 | 8,889,451 | 437,355 | 12,374,906 | 215,978 | 6,017,663 |
Fund reorganization | — | — | — | — | 152,649 | 4,559,646 | — | — |
Distributions reinvested | 177,436 | 3,099,067 | 399,438 | 6,478,123 | 1,931 | 52,896 | 42,076 | 1,212,536 |
Redemptions | (804,052) | (12,377,413) | (810,994) | (13,205,324) | (283,180) | (7,988,400) | (143,101) | (4,036,356) |
Net increase (decrease) | (163,878) | (1,732,062) | 137,011 | 2,162,250 | 308,755 | 8,999,048 | 114,953 | 3,193,843 |
Total net increase (decrease) | (1,668,680) | (20,411,506) | (849,738) | (13,299,648) | 9,452,088 | 268,475,687 | 517,483 | 14,414,867 |
(a) | Share activity for Class C has been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
Columbia Acorn Family of Funds | Annual Report 2020 | 63 |
Columbia Thermostat FundSM | Columbia Acorn European FundSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 17,213,419 | 298,463,150 | 3,581,278 | 53,531,987 | 753,063 | 17,268,947 | 588,163 | 11,883,992 |
Distributions reinvested | 1,520,872 | 27,445,861 | 696,942 | 10,498,008 | 7,687 | 160,744 | 11,556 | 254,820 |
Redemptions | (6,025,996) | (102,931,026) | (3,367,020) | (50,214,156) | (712,243) | (14,706,843) | (587,839) | (10,901,694) |
Net increase | 12,708,295 | 222,977,985 | 911,200 | 13,815,839 | 48,507 | 2,722,848 | 11,880 | 1,237,118 |
Advisor Class | ||||||||
Subscriptions | 6,863,588 | 119,997,025 | 973,291 | 13,978,579 | 20,311 | 460,105 | 45,419 | 904,047 |
Distributions reinvested | 415,096 | 7,440,017 | 55,095 | 821,970 | 332 | 7,010 | 833 | 18,503 |
Redemptions | (1,136,463) | (18,534,553) | (806,540) | (11,813,803) | (40,465) | (719,702) | (57,731) | (1,073,237) |
Net increase (decrease) | 6,142,221 | 108,902,489 | 221,846 | 2,986,746 | (19,822) | (252,587) | (11,479) | (150,687) |
Class C | ||||||||
Subscriptions | 4,134,190 | 72,312,804 | 832,275 | 12,480,689 | 10,212 | 224,937 | 21,243 | 401,532 |
Distributions reinvested | 597,023 | 10,828,046 | 370,397 | 5,611,576 | 1,483 | 30,396 | 589 | 12,768 |
Redemptions | (3,641,561) | (62,976,289) | (2,871,430) | (42,896,426) | (78,350) | (1,572,649) | (314,829) | (5,716,994) |
Net increase (decrease) | 1,089,652 | 20,164,561 | (1,668,758) | (24,804,161) | (66,655) | (1,317,316) | (292,997) | (5,302,694) |
Institutional Class | ||||||||
Subscriptions | 26,620,852 | 453,014,337 | 5,266,201 | 76,965,586 | 810,554 | 18,752,767 | 792,207 | 14,929,566 |
Distributions reinvested | 2,026,638 | 36,002,075 | 778,189 | 11,538,524 | 9,440 | 198,135 | 22,896 | 506,245 |
Redemptions | (7,335,717) | (120,216,003) | (5,410,758) | (79,342,105) | (1,020,779) | (19,997,548) | (721,406) | (13,775,797) |
Net increase (decrease) | 21,311,773 | 368,800,409 | 633,632 | 9,162,005 | (200,785) | (1,046,646) | 93,697 | 1,660,014 |
Institutional 2 Class | ||||||||
Subscriptions | 6,788,489 | 114,076,072 | 2,180,445 | 32,262,973 | 221,913 | 4,629,697 | 42,517 | 875,563 |
Distributions reinvested | 441,392 | 7,900,050 | 134,270 | 2,004,839 | 1,040 | 22,084 | 909 | 20,321 |
Redemptions | (2,828,659) | (46,801,458) | (794,328) | (11,886,178) | (180,402) | (3,964,044) | (110,095) | (2,092,686) |
Net increase (decrease) | 4,401,222 | 75,174,664 | 1,520,387 | 22,381,634 | 42,551 | 687,737 | (66,669) | (1,196,802) |
Institutional 3 Class | ||||||||
Subscriptions | 118,904 | 2,017,296 | 58,523 | 828,161 | 2,370 | 58,624 | 773 | 13,848 |
Distributions reinvested | 10,200 | 182,140 | 3,059 | 45,602 | — | — | 8 | 176 |
Redemptions | (27,055) | (463,286) | (39,256) | (573,301) | (742) | (13,001) | (81) | (1,568) |
Net increase | 102,049 | 1,736,150 | 22,326 | 300,462 | 1,628 | 45,623 | 700 | 12,456 |
Total net increase (decrease) | 45,755,212 | 797,756,258 | 1,640,633 | 23,842,525 | (194,576) | 839,659 | (264,868) | (3,740,595) |
64 | Columbia Acorn Family of Funds | Annual Report 2020 |
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 12/31/2020 | $11.71 | (0.06) | 3.24 | 3.18 | (2.20) | (2.20) |
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) |
Advisor Class | ||||||
Year Ended 12/31/2020 | $15.52 | (0.05) | 4.38 | 4.33 | (2.20) | (2.20) |
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(e) | 1.97 | 1.97 | (5.98) | (5.98) |
Class C(f) | ||||||
Year Ended 12/31/2020 | $16.57 | (0.20) | 4.08 | 3.88 | (4.31) | (4.31) |
Year Ended 12/31/2019 | $18.75 | (0.20) | 4.74 | 4.54 | (6.72) | (6.72) |
Year Ended 12/31/2018 | $26.34 | (0.24) | (0.71) | (0.95) | (6.64) | (6.64) |
Year Ended 12/31/2017 | $33.36 | (0.32) | 7.86 | 7.54 | (14.56) | (14.56) |
Year Ended 12/31/2016 | $52.63 | (0.44) | 5.09 | 4.65 | (23.92) | (23.92) |
Institutional Class | ||||||
Year Ended 12/31/2020 | $14.70 | (0.04) | 4.14 | 4.10 | (2.20) | (2.20) |
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) |
Institutional 2 Class | ||||||
Year Ended 12/31/2020 | $15.69 | (0.04) | 4.43 | 4.39 | (2.20) | (2.20) |
Year Ended 12/31/2019 | $13.76 | (0.00)(e) | 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) |
66 | Columbia Acorn Family of Funds | Annual Report 2020 |
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 12/31/2020 | $12.69 | 29.18%(b) | 1.11% | 1.11%(c) | (0.56%) | 86% | $983,709 |
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 |
Advisor Class | |||||||
Year Ended 12/31/2020 | $17.65 | 29.44%(b) | 0.86% | 0.86%(c) | (0.30%) | 86% | $44,139 |
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%(e) | 85% | $33,378 |
Class C(f) | |||||||
Year Ended 12/31/2020 | $16.14 | 28.27%(b) | 1.86% | 1.86%(c) | (1.30%) | 86% | $55,861 |
Year Ended 12/31/2019 | $16.57 | 25.12%(b) | 1.86% | 1.85%(c) | (1.05%) | 101% | $69,471 |
Year Ended 12/31/2018 | $18.75 | (5.86%)(b) | 1.85% | 1.82%(c) | (0.94%) | 66% | $81,149 |
Year Ended 12/31/2017 | $26.34 | 23.88% | 1.84% | 1.83%(c) | (0.88%) | 72% | $246,450 |
Year Ended 12/31/2016 | $33.36 | 9.29% | 1.84%(d) | 1.84%(d) | (0.95%) | 85% | $302,119 |
Institutional Class | |||||||
Year Ended 12/31/2020 | $16.60 | 29.51%(b) | 0.86% | 0.86%(c) | (0.30%) | 86% | $3,569,794 |
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 |
Institutional 2 Class | |||||||
Year Ended 12/31/2020 | $17.88 | 29.50%(b) | 0.83% | 0.82% | (0.27%) | 86% | $61,000 |
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 |
Columbia Acorn Family of Funds | Annual Report 2020 | 67 |
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 12/31/2020 | $15.87 | (0.04) | 4.49 | 4.45 | (2.20) | (2.20) |
Year Ended 12/31/2019 | $13.89 | 0.00(e) | 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) |
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) | Rounds to zero. |
(f) | Per share amounts have been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
68 | Columbia Acorn Family of Funds | Annual Report 2020 |
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 12/31/2020 | $18.12 | 29.54%(b) | 0.78% | 0.78% | (0.25%) | 86% | $155,338 |
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 |
Columbia Acorn Family of Funds | Annual Report 2020 | 69 |
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 12/31/2020 | $34.20 | 0.06 | 4.51 | 4.57 | (0.20) | (4.26) | (4.46) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2020 | $34.67 | 0.16 | 4.58 | 4.74 | (0.20) | (4.26) | (4.46) |
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) |
Class C | |||||||
Year Ended 12/31/2020 | $31.92 | (0.17) | 4.14 | 3.97 | (0.20) | (4.26) | (4.46) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2020 | $34.25 | 0.14 | 4.54 | 4.68 | (0.20) | (4.26) | (4.46) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2020 | $34.22 | 0.16 | 4.54 | 4.70 | (0.20) | (4.26) | (4.46) |
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) |
Institutional 3 Class | |||||||
Year Ended 12/31/2020 | $34.67 | 0.19 | 4.59 | 4.78 | (0.20) | (4.26) | (4.46) |
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) |
70 | Columbia Acorn Family of Funds | Annual Report 2020 |
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 12/31/2020 | $34.31 | 14.68%(b) | 1.28%(c) | 1.24%(c),(d) | 0.21% | 55% | $283,478 |
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 |
Advisor Class | |||||||
Year Ended 12/31/2020 | $34.95 | 14.98%(b) | 1.03%(c) | 0.99%(c),(d) | 0.52% | 55% | $22,549 |
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 |
Class C | |||||||
Year Ended 12/31/2020 | $31.43 | 13.82%(b) | 2.02%(c) | 1.99%(c),(d) | (0.57%) | 55% | $19,998 |
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 |
Institutional Class | |||||||
Year Ended 12/31/2020 | $34.47 | 14.99%(b) | 1.03%(c) | 0.99%(c),(d) | 0.46% | 55% | $1,760,927 |
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 |
Institutional 2 Class | |||||||
Year Ended 12/31/2020 | $34.46 | 15.06%(b) | 0.97%(c) | 0.92%(c) | 0.53% | 55% | $129,576 |
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 |
Institutional 3 Class | |||||||
Year Ended 12/31/2020 | $34.99 | 15.10%(b) | 0.93%(c) | 0.88%(c) | 0.60% | 55% | $277,614 |
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 |
Columbia Acorn Family of Funds | Annual Report 2020 | 71 |
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 12/31/2020 | $34.22 | (0.01) | 4.49 | 4.48 | (0.20) | (4.26) | (4.46) |
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) |
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. |
72 | Columbia Acorn Family of Funds | Annual Report 2020 |
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 12/31/2020 | $34.24 | 14.40%(b) | 1.53%(c) | 1.49%(c),(d) | (0.04%) | 55% | $3,398 |
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 |
Columbia Acorn Family of Funds | Annual Report 2020 | 73 |
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 12/31/2020 | $11.69 | (0.10) | 2.76 | 2.66 | — | (0.77) | (0.77) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2020 | $16.31 | (0.10) | 3.91 | 3.81 | — | (0.80) | (0.80) |
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) |
Class C(e) | |||||||
Year Ended 12/31/2020 | $16.47 | (0.25) | 3.60 | 3.35 | — | (1.68) | (1.68) |
Year Ended 12/31/2019 | $18.07 | (0.24) | 5.32 | 5.08 | — | (6.68) | (6.68) |
Year Ended 12/31/2018 | $26.22 | (0.36) | 0.17(f) | (0.19) | — | (7.96) | (7.96) |
Year Ended 12/31/2017 | $40.19 | (0.52) | 7.43 | 6.91 | — | (20.88) | (20.88) |
Year Ended 12/31/2016 | $64.00 | (0.72) | 7.39 | 6.67 | — | (30.48) | (30.48) |
Institutional Class | |||||||
Year Ended 12/31/2020 | $15.17 | (0.10) | 3.63 | 3.53 | — | (0.80) | (0.80) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2020 | $16.46 | (0.10) | 3.95 | 3.85 | — | (0.81) | (0.81) |
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) |
74 | Columbia Acorn Family of Funds | Annual Report 2020 |
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 12/31/2020 | $13.58 | 23.70%(b) | 1.44% | 1.40%(c) | (0.91%) | 94% | $59,050 |
Year Ended 12/31/2019 | $11.69 | 30.88%(b) | 1.45%(d) | 1.41%(c),(d) | (0.43%) | 91% | $56,578 |
Year Ended 12/31/2018 | $10.28 | (2.15%)(b) | 1.44%(d) | 1.42%(c),(d) | (0.49%) | 86% | $49,179 |
Year Ended 12/31/2017 | $12.48 | 19.14%(b) | 1.44% | 1.43%(c) | (0.55%) | 84% | $47,960 |
Year Ended 12/31/2016 | $14.95 | 12.70% | 1.41% | 1.41% | (0.58%) | 98% | $80,721 |
Advisor Class | |||||||
Year Ended 12/31/2020 | $19.32 | 24.08%(b) | 1.19% | 1.15%(c) | (0.66%) | 94% | $23,158 |
Year Ended 12/31/2019 | $16.31 | 31.27%(b) | 1.20%(d) | 1.16%(c),(d) | (0.18%) | 91% | $19,202 |
Year Ended 12/31/2018 | $13.77 | (1.91%)(b) | 1.18%(d) | 1.17%(c),(d) | (0.27%) | 86% | $14,579 |
Year Ended 12/31/2017 | $16.08 | 19.42%(b) | 1.21% | 1.20%(c) | (0.31%) | 84% | $16,355 |
Year Ended 12/31/2016 | $17.93 | 12.93% | 1.18% | 1.18% | (0.35%) | 98% | $6,172 |
Class C(e) | |||||||
Year Ended 12/31/2020 | $18.14 | 22.79%(b) | 2.19% | 2.15%(c) | (1.66%) | 94% | $2,658 |
Year Ended 12/31/2019 | $16.47 | 29.93%(b) | 2.20%(d) | 2.16%(c),(d) | (1.19%) | 91% | $3,195 |
Year Ended 12/31/2018 | $18.07 | (2.92%)(b) | 2.19%(d) | 2.17%(c),(d) | (1.30%) | 86% | $4,608 |
Year Ended 12/31/2017 | $26.22 | 18.30%(b) | 2.19% | 2.19%(c) | (1.31%) | 84% | $9,802 |
Year Ended 12/31/2016 | $40.19 | 11.92% | 2.13% | 2.13% | (1.31%) | 98% | $12,088 |
Institutional Class | |||||||
Year Ended 12/31/2020 | $17.90 | 24.04%(b) | 1.19% | 1.15%(c) | (0.67%) | 94% | $170,650 |
Year Ended 12/31/2019 | $15.17 | 31.28%(b) | 1.20%(d) | 1.16%(c),(d) | (0.18%) | 91% | $158,696 |
Year Ended 12/31/2018 | $12.90 | (1.98%)(b) | 1.18%(d) | 1.17%(c),(d) | (0.26%) | 86% | $149,048 |
Year Ended 12/31/2017 | $15.21 | 19.44%(b) | 1.16% | 1.16%(c) | (0.27%) | 84% | $189,408 |
Year Ended 12/31/2016 | $17.20 | 13.00% | 1.16% | 1.16% | (0.34%) | 98% | $492,739 |
Institutional 2 Class | |||||||
Year Ended 12/31/2020 | $19.50 | 24.10%(b) | 1.14% | 1.08% | (0.60%) | 94% | $3,344 |
Year Ended 12/31/2019 | $16.46 | 31.41%(b) | 1.13%(d) | 1.08%(d) | (0.09%) | 91% | $3,806 |
Year Ended 12/31/2018 | $13.87 | (1.89%)(b) | 1.11%(d) | 1.09%(d) | (0.19%) | 86% | $3,332 |
Year Ended 12/31/2017 | $16.21 | 19.56%(b) | 1.08% | 1.08% | (0.17%) | 84% | $10,133 |
Year Ended 12/31/2016 | $18.02 | 13.09% | 1.07% | 1.07% | (0.27%) | 98% | $13,764 |
Columbia Acorn Family of Funds | Annual Report 2020 | 75 |
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 12/31/2020 | $16.65 | (0.09) | 4.00 | 3.91 | — | (0.82) | (0.82) |
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) |
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) | Per share amounts have been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
(f) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
76 | Columbia Acorn Family of Funds | Annual Report 2020 |
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 12/31/2020 | $19.74 | 24.16%(b) | 1.09% | 1.04% | (0.55%) | 94% | $77,304 |
Year Ended 12/31/2019 | $16.65 | 31.45%(b) | 1.08%(d) | 1.03%(d) | (0.05%) | 91% | $67,921 |
Year Ended 12/31/2018 | $14.01 | (1.86%)(b) | 1.06%(d) | 1.04%(d) | (0.11%) | 86% | $55,248 |
Year Ended 12/31/2017 | $16.36 | 19.60%(b) | 1.05% | 1.05% | (0.17%) | 84% | $49,019 |
Year Ended 12/31/2016 | $18.14 | 13.18% | 1.01% | 1.01% | (0.18%) | 98% | $38,136 |
Columbia Acorn Family of Funds | Annual Report 2020 | 77 |
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 12/31/2020 | $28.58 | (0.03) | 5.21 | 5.18 | (0.09) | — | — | (0.09) |
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) |
Advisor Class | ||||||||
Year Ended 12/31/2020 | $29.26 | 0.04 | 5.35 | 5.39 | (0.09) | — | — | (0.09) |
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) |
Class C | ||||||||
Year Ended 12/31/2020 | $26.00 | (0.23) | 4.72 | 4.49 | (0.09) | — | — | (0.09) |
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 | — | — | — | — |
Institutional Class | ||||||||
Year Ended 12/31/2020 | $29.00 | 0.03 | 5.31 | 5.34 | (0.09) | — | — | (0.09) |
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) |
Institutional 2 Class | ||||||||
Year Ended 12/31/2020 | $29.24 | 0.08 | 5.34 | 5.42 | (0.09) | — | — | (0.09) |
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) |
78 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn International 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 12/31/2020 | $33.67 | 18.21% | 1.48% | 1.26%(c) | (0.10%) | 68% | $230,519 |
Year Ended 12/31/2019 | $28.58 | 33.37% | 1.54%(d) | 1.35%(c),(d) | 0.34% | 46% | $37,461 |
Year Ended 12/31/2018 | $23.44 | (12.46%) | 1.54% | 1.40%(c) | 0.20% | 48% | $26,073 |
Year Ended 12/31/2017 | $28.89 | 35.30% | 1.54% | 1.40%(c) | 0.07% | 49% | $26,336 |
Year Ended 12/31/2016 | $21.36 | 0.90% | 1.55%(f) | 1.48%(f) | 0.49% | 49% | $20,165 |
Advisor Class | |||||||
Year Ended 12/31/2020 | $34.56 | 18.51% | 1.23% | 1.02%(c) | 0.12% | 68% | $2,748 |
Year Ended 12/31/2019 | $29.26 | 33.73% | 1.29%(d) | 1.10%(c),(d) | 0.63% | 46% | $2,030 |
Year Ended 12/31/2018 | $24.00 | (12.26%) | 1.29% | 1.15%(c) | 0.31% | 48% | $1,201 |
Year Ended 12/31/2017 | $29.46 | 35.67% | 1.29% | 1.15%(c) | 0.30% | 49% | $1,820 |
Year Ended 12/31/2016 | $21.77 | 1.15% | 1.29%(f) | 1.21%(f) | 0.77% | 49% | $1,106 |
Class C | |||||||
Year Ended 12/31/2020 | $30.40 | 17.37% | 2.23% | 2.02%(c) | (0.88%) | 68% | $3,251 |
Year Ended 12/31/2019 | $26.00 | 32.31% | 2.29%(d) | 2.10%(c),(d) | (0.42%) | 46% | $2,493 |
Year Ended 12/31/2018 | $21.48 | (13.11%) | 2.28% | 2.15%(c) | (0.43%) | 48% | $2,752 |
Year Ended 12/31/2017 | $26.85 | 34.32% | 2.29% | 2.15%(c) | (0.64%) | 49% | $5,027 |
Year Ended 12/31/2016 | $19.99 | 0.15% | 2.31%(f) | 2.23%(f) | (0.29%) | 49% | $4,346 |
Institutional Class | |||||||
Year Ended 12/31/2020 | $34.25 | 18.50% | 1.23% | 1.02%(c) | 0.12% | 68% | $155,133 |
Year Ended 12/31/2019 | $29.00 | 33.71% | 1.29%(d) | 1.10%(c),(d) | 0.59% | 46% | $88,922 |
Year Ended 12/31/2018 | $23.81 | (12.28%) | 1.28% | 1.15%(c) | 0.47% | 48% | $69,413 |
Year Ended 12/31/2017 | $29.25 | 35.70% | 1.29% | 1.15%(c) | 0.36% | 49% | $89,266 |
Year Ended 12/31/2016 | $21.61 | 1.18% | 1.26%(f) | 1.19%(f) | 0.74% | 49% | $73,631 |
Institutional 2 Class | |||||||
Year Ended 12/31/2020 | $34.57 | 18.63% | 1.15% | 0.93% | 0.27% | 68% | $77,420 |
Year Ended 12/31/2019 | $29.24 | 33.82% | 1.22%(d) | 1.00%(d) | 0.65% | 46% | $3,392 |
Year Ended 12/31/2018 | $24.01 | (12.16%) | 1.21% | 1.06% | 0.36% | 48% | $1,200 |
Year Ended 12/31/2017 | $29.44 | 35.72% | 1.22% | 1.08% | 0.41% | 49% | $614 |
Year Ended 12/31/2016 | $21.76 | 1.25% | 1.23%(f) | 1.19%(f) | 0.76% | 49% | $440 |
Columbia Acorn Family of Funds | Annual Report 2020 | 79 |
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 12/31/2020 | $29.22 | 0.07 | 5.36 | 5.43 | (0.09) | — | — | (0.09) |
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) |
Notes to Financial Highlights | |
(a) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(b) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests, if any. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Ratios include line of credit interest expense which is less than 0.01%. |
(e) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(f) | 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% |
80 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn International 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) | |
Institutional 3 Class | |||||||
Year Ended 12/31/2020 | $34.56 | 18.67% | 1.09% | 0.89% | 0.24% | 68% | $27,064 |
Year Ended 12/31/2019 | $29.22 | 33.90% | 1.16%(d) | 0.96%(d) | 0.72% | 46% | $13,861 |
Year Ended 12/31/2018 | $24.00 | (12.14%) | 1.14% | 1.02% | 0.58% | 48% | $8,627 |
Year Ended 12/31/2017 | $29.42 | 35.81% | 1.17% | 1.03% | (0.24%) | 49% | $7,732 |
Year Ended 12/31/2016 | $21.74 | 1.29% | 1.12%(f) | 1.04%(f) | 0.74% | 49% | $322 |
Columbia Acorn Family of Funds | Annual Report 2020 | 81 |
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 12/31/2020 | $15.12 | 0.26 | 4.13 | 4.39 | (0.27) | (0.93) | (1.20) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2020 | $14.97 | 0.36 | 4.04 | 4.40 | (0.32) | (0.93) | (1.25) |
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) |
Class C | |||||||
Year Ended 12/31/2020 | $15.23 | 0.12 | 4.16 | 4.28 | (0.15) | (0.93) | (1.08) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2020 | $14.88 | 0.31 | 4.07 | 4.38 | (0.32) | (0.93) | (1.25) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2020 | $14.99 | 0.31 | 4.09 | 4.40 | (0.32) | (0.93) | (1.25) |
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) |
82 | Columbia Acorn Family of Funds | Annual Report 2020 |
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 12/31/2020 | $18.31 | 29.27% | 0.56%(c) | 0.50%(c),(d) | 1.53% | 97% | $505,238 |
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 |
Advisor Class | |||||||
Year Ended 12/31/2020 | $18.12 | 29.58% | 0.32%(c) | 0.25%(c),(d) | 2.04% | 97% | $130,921 |
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 |
Class C | |||||||
Year Ended 12/31/2020 | $18.43 | 28.28% | 1.31%(c) | 1.25%(c),(d) | 0.72% | 97% | $208,937 |
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 |
Institutional Class | |||||||
Year Ended 12/31/2020 | $18.01 | 29.63% | 0.31%(c) | 0.25%(c),(d) | 1.80% | 97% | $729,119 |
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 |
Institutional 2 Class | |||||||
Year Ended 12/31/2020 | $18.14 | 29.59% | 0.27%(c) | 0.21%(c) | 1.82% | 97% | $129,197 |
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 |
Columbia Acorn Family of Funds | Annual Report 2020 | 83 |
Columbia Thermostat FundSM
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Year Ended 12/31/2020 | $14.96 | 0.33 | 4.08 | 4.41 | (0.33) | (0.93) | (1.26) |
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) |
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%. |
84 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Thermostat FundSM
Net asset value, end of period | Total return(a) | Total gross expense ratio to average net assets(b) | Total net expense ratio to average net assets(b) | Net investment income ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Year Ended 12/31/2020 | $18.11 | 29.69% | 0.24%(c) | 0.17%(c) | 1.89% | 97% | $2,862 |
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 |
Columbia Acorn Family of Funds | Annual Report 2020 | 85 |
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 12/31/2020 | $22.52 | (0.12) | 5.22 | 5.10 | (0.13) | (0.13) |
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) |
Advisor Class | ||||||
Year Ended 12/31/2020 | $22.70 | (0.06) | 5.27 | 5.21 | (0.13) | (0.13) |
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) |
Class C | ||||||
Year Ended 12/31/2020 | $22.15 | (0.27) | 5.08 | 4.81 | (0.13) | (0.13) |
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) |
Institutional Class | ||||||
Year Ended 12/31/2020 | $22.59 | (0.06) | 5.24 | 5.18 | (0.13) | (0.13) |
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) |
Institutional 2 Class | ||||||
Year Ended 12/31/2020 | $22.84 | (0.05) | 5.32 | 5.27 | (0.13) | (0.13) |
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) |
86 | Columbia Acorn Family of Funds | Annual Report 2020 |
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 12/31/2020 | $27.49 | 22.80% | 1.86%(c) | 1.45%(c) | (0.54%) | 45% | $42,059 |
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 |
Advisor Class | |||||||
Year Ended 12/31/2020 | $27.78 | 23.10% | 1.61%(c) | 1.20%(c) | (0.29%) | 45% | $1,781 |
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 |
Class C | |||||||
Year Ended 12/31/2020 | $26.83 | 21.87% | 2.61%(c) | 2.20%(c) | (1.27%) | 45% | $5,705 |
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 |
Institutional Class | |||||||
Year Ended 12/31/2020 | $27.64 | 23.08% | 1.61%(c) | 1.20%(c) | (0.29%) | 45% | $55,171 |
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 |
Institutional 2 Class | |||||||
Year Ended 12/31/2020 | $27.98 | 23.23% | 1.58%(c) | 1.14%(c) | (0.24%) | 45% | $3,855 |
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 |
Columbia Acorn Family of Funds | Annual Report 2020 | 87 |
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 | |
Institutional 3 Class | ||||||
Year Ended 12/31/2020 | $22.48 | (0.02) | 5.21 | 5.19 | (0.13) | (0.13) |
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(e) | $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) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
(f) | Annualized. |
88 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn European FundSM
Net asset value, end of period | Total return(a) | Total gross expense ratio to average net assets(b) | Total net expense ratio to average net assets(b) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Year Ended 12/31/2020 | $27.54 | 23.24% | 1.52%(c) | 1.10%(c) | (0.08%) | 45% | $69 |
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(e) | $19.17 | 29.55% | 1.58%(f) | 1.09%(f) | 0.17%(f) | 34% | $210 |
Columbia Acorn Family of Funds | Annual Report 2020 | 89 |
December 31, 2020
90 | Columbia Acorn Family of Funds | Annual Report 2020 |
December 31, 2020
Columbia Acorn Family of Funds | Annual Report 2020 | 91 |
December 31, 2020
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 278,742 |
92 | Columbia Acorn Family of Funds | Annual Report 2020 |
December 31, 2020
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 483,363 |
* | Based on the ending daily outstanding amounts for the year ended December 31, 2020. |
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 1,142,509* |
* | 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 ($) |
Equity risk | 21,979,409 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 1,009,673 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 72,311,064 |
* | Based on the ending quarterly outstanding amounts for the year ended December 31, 2020. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 3,013,592 |
Columbia Acorn Family of Funds | Annual Report 2020 | 93 |
December 31, 2020
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 4,893,915 |
* | Based on the ending quarterly outstanding amounts for the year ended December 31, 2020. |
94 | Columbia Acorn Family of Funds | Annual Report 2020 |
December 31, 2020
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | |
Liabilities | |||
Collateral on Securities Loaned | 143,378,229 | 259,440 | 7,793,305 |
Total Liabilities | 143,378,229 | 259,440 | 7,793,305 |
Total Financial and Derivative Net Assets | (143,378,229) | (259,440) | (7,793,305) |
Financial Instruments | 138,033,364 | 247,052 | 7,268,332 |
Net Amount (a) | (5,344,865) | (12,388) | (524,973) |
(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 | $138,033,364 | $— | $— | $— | $138,033,364 |
Gross amount of recognized liabilities for securities lending (collateral received) | 143,378,229 | ||||
Amounts due to counterparty in the event of default | $5,344,865 | ||||
Columbia Acorn International® | |||||
Securities lending transactions | |||||
Equity securities | $247,052 | $— | $— | $— | $247,052 |
Gross amount of recognized liabilities for securities lending (collateral received) | 259,440 | ||||
Amounts due to counterparty in the event of default | $12,388 | ||||
Columbia Acorn USA® | |||||
Securities lending transactions | |||||
Equity securities | $7,268,332 | $— | $— | $— | $7,268,332 |
Gross amount of recognized liabilities for securities lending (collateral received) | 7,793,305 | ||||
Amounts due to counterparty in the event of default | $524,973 |
Columbia Acorn Family of Funds | Annual Report 2020 | 95 |
December 31, 2020
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% |
96 | Columbia Acorn Family of Funds | Annual Report 2020 |
December 31, 2020
Columbia Thermostat FundSM | |
Annual fee rate | |
All average daily net assets | 0.10% |
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® | 0.93 |
Columbia Acorn International SelectSM | 0.89 |
Columbia Thermostat FundSM | 0.10 |
Columbia Acorn European FundSM | 1.19 |
Columbia Acorn Trust | |
Aggregate average daily net assets of the trust | Annual fee rate |
Up to $8 billion | 0.050% |
$8 billion to $16 billion | 0.040% |
$16 billion to $35 billion | 0.030% |
$35 billion to $45 billion | 0.025% |
$45 billion and over | 0.015% |
Columbia Acorn Family of Funds | Annual Report 2020 | 97 |
December 31, 2020
98 | Columbia Acorn Family of Funds | Annual Report 2020 |
December 31, 2020
Fund | Class A (%) | Advisor Class (%) | Class C (%) | Institutional Class (%) | Institutional 2 Class (%) | Institutional 3 Class (%) | Class R (%) |
Columbia Acorn® Fund | 0.09 | 0.09 | 0.09 | 0.09 | 0.05 | 0.01 | — |
Columbia Acorn International® | 0.11 | 0.11 | 0.11 | 0.11 | 0.05 | 0.00 | 0.11 |
Columbia Acorn USA® | 0.12 | 0.12 | 0.12 | 0.12 | 0.04 | 0.00 | — |
Columbia Acorn International SelectSM | 0.16 | 0.15 | 0.15 | 0.15 | 0.05 | 0.00 | — |
Columbia Thermostat FundSM | 0.10 | 0.10 | 0.10 | 0.10 | 0.06 | 0.02 | — |
Columbia Acorn European FundSM | 0.11 | 0.11 | 0.11 | 0.11 | 0.04 | 0.00 | — |
Fund | Amount ($) |
Columbia Acorn® Fund | 6,726 |
Columbia Acorn International® | 6,632 |
Columbia Acorn USA® | 1,080 |
Columbia Acorn International SelectSM | 9,771 |
Columbia Thermostat FundSM | 160 |
Columbia Acorn European FundSM | — |
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) | 183,359 | 1,738 |
Columbia Acorn International® | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 53,821 | 79 |
Columbia Acorn USA® | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 19,070 | — |
Columbia Acorn International SelectSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 45,534 | 293 |
Columbia Thermostat FundSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 1,597,730 | 6,286 |
Columbia Acorn European FundSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 56,793 | 956 |
(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. |
Columbia Acorn Family of Funds | Annual Report 2020 | 99 |
December 31, 2020
Fund | Class A | Advisor | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn®Fund | 1.11% | 0.86% | 1.86% | 0.86% | 0.82% | 0.78% |
Fund | Class A | Advisor | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | Class R |
Columbia Acorn International® | 1.24% | 0.99% | 1.99% | 0.99% | 0.92% | 0.88% | 1.49% |
Fund | Class A | Advisor | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn USA® | 1.41% | 1.16% | 2.16% | 1.16% | 1.08% | 1.04% |
100 | Columbia Acorn Family of Funds | Annual Report 2020 |
December 31, 2020
Fund | Class A | Advisor | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn International SelectSM | 1.28% | 1.03% | 2.03% | 1.03% | 0.96% | 0.91% |
Fund | Class A | Advisor | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn International SelectSM | 1.28% | 1.03% | 2.03% | 1.03% | 0.90% | 0.85% |
Fund | Class A | Advisor | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Thermostat FundSM | 0.50% | 0.25% | 1.25% | 0.25% | 0.21% | 0.17% |
Columbia Acorn Family of Funds | Annual Report 2020 | 101 |
December 31, 2020
Fund | Class A | Advisor | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn European FundSM | 1.45% | 1.20% | 2.20% | 1.20% | 1.14% | 1.10% |
102 | Columbia Acorn Family of Funds | Annual Report 2020 |
December 31, 2020
Fund | Undistributed (excess of distributions over) net investment income ($) | Accumulated net realized gain (loss) ($) | Paid in capital increase (decrease) ($) |
Columbia Acorn® Fund | 13,857,527 | (42,910,250) | 29,052,723 |
Columbia Acorn International® | 8,547,919 | (82,791,572) | 74,243,653 |
Columbia Acorn USA® | 684,040 | (815,749) | 131,709 |
Columbia Acorn International SelectSM | (327,097) | (124,025) | 451,122 |
Columbia Thermostat FundSM | 7,317,510 | (15,010,903) | 7,693,393 |
Columbia Acorn European FundSM | 172,864 | 23,887 | (196,751) |
Year Ended December 31, 2020 | Year Ended December 31, 2019 | |||||
Fund | Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
Columbia Acorn® Fund | — | 632,451,942 | 632,451,942 | — | 496,942,419 | 496,942,419 |
Columbia Acorn International® | 14,685,330 | 298,368,947 | 313,054,277 | 55,821,641 | 243,260,344 | 299,081,985 |
Columbia Acorn USA® | 2,090,215 | 13,392,599 | 15,482,814 | 2,301,803 | 32,204,318 | 34,506,121 |
Columbia Acorn International SelectSM | 690,700 | — | 690,700 | 2,144,105 | 10,853,970 | 12,998,075 |
Columbia Thermostat FundSM | 64,049,306 | 37,945,388 | 101,994,694 | 20,939,965 | 15,177,349 | 36,117,314 |
Columbia Acorn European FundSM | 420,496 | — | 420,496 | 825,760 | — | 825,760 |
Fund | Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
Columbia Acorn® Fund | 20,907,010 | 183,827,243 | — | 1,525,228,250 |
Columbia Acorn International® | 11,317,813 | 66,362,958 | (74,033,761) | 890,200,446 |
Columbia Acorn USA® | 1,618,543 | 5,325,475 | — | 107,379,515 |
Columbia Acorn International SelectSM | 2,508,329 | — | (3,759,384) | 126,831,882 |
Columbia Thermostat FundSM | 3,213,852 | 23,657,582 | — | 204,110,474 |
Columbia Acorn European FundSM | — | — | (2,973,064) | 41,073,235 |
Fund | Tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
Columbia Acorn® Fund | 3,495,661,885 | 1,575,526,189 | (50,297,939) | 1,525,228,250 |
Columbia Acorn International® | 1,588,938,186 | 894,424,100 | (4,223,654) | 890,200,446 |
Columbia Acorn USA® | 236,571,531 | 112,529,109 | (5,149,594) | 107,379,515 |
Columbia Acorn International SelectSM | 367,559,711 | 126,831,882 | — | 126,831,882 |
Columbia Thermostat FundSM | 1,497,581,591 | 205,034,079 | (923,605) | 204,110,474 |
Columbia Acorn European FundSM | 67,184,950 | 41,188,690 | (115,455) | 41,073,235 |
Columbia Acorn Family of Funds | Annual Report 2020 | 103 |
December 31, 2020
Fund | No expiration short-term ($) | No expiration long-term ($) | Total ($) | Utilized ($) |
Columbia Acorn International® | (47,764,662) | (26,269,099) | (74,033,761) | 134,193 |
Columbia Acorn International SelectSM | (3,759,384) | — | (3,759,384) | — |
Columbia Acorn European FundSM | (2,973,064) | — | (2,973,064) | 4,025,137 |
Purchases ($) | Proceeds from sales ($) | |
Columbia Acorn® Fund | 3,445,254,321 | 4,045,532,182 |
Columbia Acorn International® | 1,237,736,704 | 1,760,750,576 |
Columbia Acorn USA® | 251,255,498 | 275,863,215 |
Columbia Acorn International SelectSM | 206,407,578 | 191,736,502 |
Columbia Thermostat FundSM | 1,857,229,472 | 1,093,809,668 |
Columbia Acorn European FundSM | 37,218,433 | 36,647,431 |
104 | Columbia Acorn Family of Funds | Annual Report 2020 |
December 31, 2020
Fund | Average loan balance ($) | Weighted average interest rate (%) | Days outstanding |
Columbia Acorn International® | 2,700,000 | 1.15 | 1 |
Columbia Thermostat FundSM | 3,050,000 | 1.85 | 2 |
Columbia Acorn European FundSM | 512,500 | 1.87 | 8 |
Columbia Acorn Family of Funds | Annual Report 2020 | 105 |
December 31, 2020
106 | Columbia Acorn Family of Funds | Annual Report 2020 |
December 31, 2020
Fund | Number of unaffiliated accounts | Percentage of shares outstanding held — unaffiliated (%) | Percentage of shares outstanding held — affiliated (%) |
Columbia Acorn® Fund | — | — | — |
Columbia Acorn International® | 1 | 11.9 | 10.1 |
Columbia Acorn USA® | 1 | 25.4 | — |
Columbia Acorn International SelectSM | 1 | 20.4 | 24.0 |
Columbia Thermostat FundSM | 2 | 26.7 | 19.9 |
Columbia Acorn European FundSM | 5 | 54.9 | 27.3 |
Columbia Acorn Family of Funds | Annual Report 2020 | 107 |
December 31, 2020
Shares | |
Class A | 7,633,122 |
Advisor Class | 86,140 |
Class C | 139,092(a) |
Institutional Class | 8,169,626 |
Institutional 2 Class | 204,341 |
Institutional 3 Class | 367,453 |
(a) | Share activity for Class C has been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
108 | Columbia Acorn Family of Funds | Annual Report 2020 |
December 31, 2020
($) | |
Net investment loss | (13,866,000) |
Net realized gain | 692,024,000 |
Net change in unrealized appreciation | 463,288,000 |
Net increase in net asset from operations | 1,141,446,000 |
Shares | |
Class A | 401,457 |
Advisor Class | 10,583 |
Class C | 206,250 |
Institutional Class | 435,556 |
Institutional 2 Class | 8,252 |
Institutional 3 Class | 20,109 |
Columbia Acorn Family of Funds | Annual Report 2020 | 109 |
December 31, 2020
($) | |
Net investment income | 10,398,000 |
Net realized gain | 271,863,000 |
Net change in unrealized appreciation | 13,902,000 |
Net increase in net asset from operations | 296,163,000 |
Shares | |
Class A | 5,674,674(a) |
Advisor Class | 13,886 |
Class C | 51,121 |
Institutional Class | 2,384,285 |
Institutional 2 Class | 27,450 |
Institutional 3 Class | 152,649 |
(a) | 20,130 shares of Class A were issued in exchange of Class R shares of the Acquired fund. |
($) | |
Net investment income | 1,375,000 |
Net realized gain | 35,106,000 |
Net change in unrealized appreciation | 38,903,000 |
Net increase in net asset from operations | 75,384,000 |
110 | Columbia Acorn Family of Funds | Annual Report 2020 |
Columbia Acorn Family of Funds | Annual Report 2020 | 111 |
(Unaudited)
Qualified dividend income | Dividends received deduction | Section 199A dividends | 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% | 0.00% | $673,772,049 | $0 | $0.0000 | $0 | $0.00 |
Columbia Acorn International® | 0.00% | 0.00% | 0.00% | $277,605,750 | $2,932,206 | $0.0405 | $34,940,429 | $0.48 |
Columbia Acorn USA® | 55.66% | 53.20% | 0.00% | $12,798,267 | $0 | $0.0000 | $0 | $0.00 |
Columbia Acorn International SelectSM | 15.25% | 0.00% | 0.00% | $0 | $370,602 | $0.0254 | $3,511,553 | $0.24 |
Columbia Thermostat FundSM | 13.34% | 13.20% | 0.18% | $65,747,606 | $69,165 | $0.0007 | $307,640 | $0.00 |
Columbia Acorn European FundSM | 74.12% | 0.00% | 0.00% | $0 | $73,565 | $0.0187 | $763,564 | $0.19 |
112 | Columbia Acorn Family of Funds | Annual Report 2020 |
Shareholder Services Group
71 S Wacker Drive, Suite 2500
Chicago, IL 60606
800.922.6769
Name and age at December 31, 2020 | 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, 55, Chair* | 2007 | Adjunct Professor of Finance, University of Chicago Booth School of Business since 2007; Advisory Board Member, Driehaus Capital Management since 2018; Director and Audit Committee Chair, Carlson Inc. (private global travel company) since 2015; Managing Director – Investment Banking, JP Morgan Chase & Co. (broker-dealer) 2002-2007. | 9 | None. |
Maureen M. Culhane, 72 | 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. | 9 | None. |
Margaret M. Eisen, 67 | 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. | 9 | Chair, RMB Investors Trust (9 series). |
John C. Heaton, 61 | 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. | 9 | None. |
Charles R. Phillips, 64 | 2015 | Retired. Formerly, Vice Chairman, J.P. Morgan Private Bank, 2011-2014; Managing Director, J.P. Morgan Private Bank, 2001-2011; Managing Director, J.P. Morgan Private Bank, 2001-2011. | 9 | None. |
Columbia Acorn Family of Funds | Annual Report 2020 | 113 |
Name and age at December 31, 2020 | Year first appointed or elected to a Board in the Columbia Funds Complex | Principal occupation(s) during the past five years | Number of Funds in the Columbia Funds Complex overseen (1) | Other directorships held by the Trustee during the past five years in addition to Columbia Acorn Trust and Wanger Advisors Trust |
David J. Rudis, 67, 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. | 9 | None. |
Name and age at December 31, 2020 | 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, 86 (2) | 1970 (3) | Founder, CWAM. Formerly, President, Chief Investment Officer and portfolio manager, CWAM or its predecessors, July 1992-September 2003; Director, Wanger Investment Company PLC; Consultant, CWAM or its predecessors, September 2003-September 2005. | 9 | None. |
* | On December 10, 2020, the Board of Trustees appointed Mr. Rudis as Chair, effective January 1, 2021. |
(1) | The Trustees oversee the series of Wanger Advisors Trust and Columbia Acorn Trust. |
(2) | As permitted under the Trust’s Bylaws, Mr. Wanger serves as a non-voting Trustee Emeritus of Columbia Acorn Trust and Wanger Advisors Trust. Prior to September 2009, Mr. Wanger served as an “interested” trustee of the Columbia Acorn Trust and Wanger Advisors Trust. Mr. Wanger was considered an “interested person” of the Trusts and of CWAM within the meaning of the 1940 Act because of certain ownership interests. |
(3) | 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, 2020 | 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, Head of North American Operations, and Tax Co-Head of Global Operations, Columbia Management since June 2019 (previously Vice President, Accounting and Tax, May 2010-May 2019); senior officer of Columbia Funds and affiliated funds since 2002. |
John L. Emerson, 45 | Vice President | 2020 | Portfolio manager and/or analyst, CWAM or its predecessors since 2003. |
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. |
114 | Columbia Acorn Family of Funds | Annual Report 2020 |
Name and age at December 31, 2020 | 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 |
Stephen Kusmierczak, 53 | Co-President | 2011 | Portfolio manager and/or analyst, CWAM or its predecessors since 2001. Vice President, Columbia Acorn Trust and Wanger Advisors Trust, 2011 - 2020. |
Joseph C. LaPalm, 50 | Vice President | 2006 | Chief Compliance Officer, CWAM since 2005. |
Ryan C. Larrenaga, 49 | Chief Legal Officer and 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 - March 2019; formerly, portfolio manager, William Blair & Company 1993-2015. |
Erika K. Maschmeyer, 39 | Vice President | 2020 | Portfolio manager and/or analyst, CWAM or its predecessors since 2016. |
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. |
Julian Quero, 53 | 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. |
Hans F. Stege, 36 | Vice President | 2020 | Portfolio manager and/or analyst, CWAM or its predecessors since 2017. |
Richard Watson, 51 | 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. |
* | On December 10, 2020, the Board of Trustees appointed Mr. Clarke as the Treasurer and Principal Accounting and Financial Officer of the Trust, effective January 1, 2021. |
Columbia Acorn Family of Funds | Annual Report 2020 | 115 |
116 | Columbia Acorn Family of Funds | Annual Report 2020 |
Item 2. Code of Ethics.
(a)The registrant has adopted a code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party.
(b)During the period covered by this report, there were not any amendments to a provision of the code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics definition enumerated in paragraph (b) of this Item.
(c)During the period covered by this report, there were no waivers, including any implicit waivers, from a provision of the code of ethics to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party that relates to one or more of the items set forth in paragraph (b) of this Item.
Item 3. Audit Committee Financial Expert.
The registrant's Board of Trustees has determined that Maureen Culhane, a member of the registrant's Board of Trustees and Audit Committee, qualifies as an audit committee financial expert. Ms. Culhane is an independent trustee, as defined in paragraph (a)(2) of this item's instructions
Item 4. Principal Accountant Fees and Services.
Fee information below is disclosed for the six 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, 2020 and December 31,
2019 are approximately as follows:
2020 | 2019 |
$192,900 | $223,000 |
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, 2020 and December 31, 2019 are approximately as follows:
2020 | 2019 |
$32,000 | $27,000 |
Audit-Related Fees include amounts for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant's financial statements and are not reported in Audit Fees above. In both fiscal years 2020 and 2019, Audit-Related Fees consist of agreed-upon procedures performed for other audit-related additional testing.
During the fiscal years ended December 31, 2020 and December 31, 2019, 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, 2020 and December 31, 2019 are approximately as follows:
2020 | 2019 |
$0 | $86,100 |
Tax Fees incurred in both fiscal years 2020 and 2019 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. Fiscal year 2019 also includes Tax Fees for foreign tax filings.
During the fiscal years ended December 31, 2020 and December 31, 2019, 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,
2020 and December 31, 2019 are as follows:
2020 | 2019 |
$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, 2020 and December 31, 2019 are approximately as follows:
2020 | 2019 |
$233,000 | $225,000 |
In both fiscal years 2020 and 2019, 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) None, or 0%, of the Audit-Related Fees, Tax Fees and All Other Fees paid by the Fund or affiliated entities relating directly to the operations and financial reporting of the Registrant disclosed above were approved by the audit committee pursuant to paragraphs (c)(7)(i)(C) of Rule 2-01 of Regulation S-X (which permits audit committee approval after the start of the engagement with respect to services other than audit, review or attest services, if certain conditions are satisfied).
(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, 2020 and December 31, 2019 are approximately as follows:
2020 | 2019 |
$265,000 | $338,100 |
(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)(3) Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(registrant) |
| Columbia Acorn Trust |
| ||
By (Signature and Title) | /s/ Matthew A. Litfin | _______ | |||
|
|
|
| Matthew A. Litfin, Co-President and Principal Executive Officer | |
Date |
| February 22, 2021 |
|
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/ Matthew A. Litfin | ||||
|
|
| Matthew A. Litfin, Co-President and Principal Executive Officer |
| |
Date |
| February 22, 2021 |
| ||
By (Signature and Title) | /s/ Michael G. Clarke | ||||
|
|
| Michael G. Clarke, Treasurer and Principal Accounting and Financial Officer | ||
Date |
| February 22, 2021 |
|