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
290 Congress Street
Boston, Massachusetts 02210
Daniel J. Beckman
c/o Columbia Management Investment Advisers, LLC
290 Congress Street
Boston, Massachusetts 02210
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, 2021
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, 2021
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, 2021) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 10/16/00 | 8.79 | 16.00 | 13.35 | 13.97 |
Including sales charges | 2.57 | 14.64 | 12.68 | 13.84 | ||
Advisor Class | 11/08/12 | 9.03 | 16.27 | 13.61 | 14.32 | |
Class C | Excluding sales charges | 10/16/00 | 7.95 | 15.11 | 12.51 | 13.11 |
Including sales charges | 7.10 | 15.11 | 12.51 | 13.11 | ||
Institutional Class | 06/10/70 | 8.99 | 16.26 | 13.64 | 14.33 | |
Institutional 2 Class | 11/08/12 | 9.09 | 16.30 | 13.67 | 14.34 | |
Institutional 3 Class | 11/08/12 | 9.16 | 16.37 | 13.73 | 14.35 | |
Russell 2500 Growth Index | 5.04 | 17.65 | 15.75 | - |
Columbia Acorn Family of Funds | Annual Report 2021 | 3 |
Columbia Acorn® Fund
Portfolio breakdown (%) (at December 31, 2021) | |
Common Stocks | 97.4 |
Money Market Funds | 1.8 |
Securities Lending Collateral | 0.8 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2021) | |
Communication Services | 3.5 |
Consumer Discretionary | 19.0 |
Consumer Staples | 2.3 |
Energy | 1.5 |
Financials | 4.4 |
Health Care | 22.1 |
Industrials | 14.6 |
Information Technology | 28.3 |
Materials | 2.6 |
Real Estate | 1.7 |
Total | 100.0 |
4 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn® Fund
• | Our process generated the best relative performance in the Fund’s information technology sector holdings. |
○ | Endava PLC, an IT consultant focused on helping its customers with digital transformations, was a top contributor in the sector. The company has effectively capitalized on the strong growth of its end markets, fueling an acceleration in revenues and bottom-line earnings. |
○ | Sprout Social, Inc., a provider of social media marketing management software, benefited from the rapid shift in corporate marketing budgets toward social media. |
○ | Bill.com Holdings, Inc. offers cloud-based software that helps small and mid-size businesses automate their back office financial operations. The shares rose due to an acquisition that is expected to help the company expand its customer base. |
• | Our investments in financials also outpaced their sector peers by a wide margin. Upstart Holdings, Inc., which operates an artificial intelligence (AI)-based lending platform primarily serving the personal and auto loan market, was the leading contributor. The shares jumped as the company grew more quickly than expected since its December 2020 initial public offering. We sold the stock on the basis of valuation prior to its downturn late in the year. |
• | Industrials was also an area of relative strength in 2021. |
Columbia Acorn Family of Funds | Annual Report 2021 | 5 |
Columbia Acorn® Fund
○ | Atkor, Inc., a specialized producer of electrical products used in commercial and industrial end markets, is one of only a handful of vendors that supply a very fragmented customer base. This affords Atkor with what we call “niche dominance,” one of the key features we look for in our portfolio holdings. Broader trends were also at the company’s back in 2021, highlighted by rising prices for PVC pipe and steel. |
○ | Generac Holdings, Inc., a manufacturer of power-generation equipment, was another top performer in industrials. Generac’s offerings saw rapid adoption in recent years as the strained and aging U.S. power grid reinforced the value proposition of its products. |
• | Sector allocations, while a residual effect of our bottom-up stock selection process, nonetheless contributed to performance in the annual period. Overweight positions in the strong-performing information technology and consumer discretionary sectors were the primary source of the positive results. |
• | Consumer discretionary was one of only three sectors in which our stock picks underperformed. |
○ | Chegg, Inc., a provider of online education-related content and support, was the largest detractor in both the sector and the Fund as a whole. Its growth rate moderated more than we expected following its pandemic-assisted gains in 2020, weighing on its shares. Still, we believe the company continues to offer the world’s leading online learning platform. |
○ | Vroom, Inc., an e-commerce platform for buying and selling new and used cars, also hurt relative performance in consumer discretionary. Vroom has a leading market position in this small but fast-growing area, but its stock lagged due in part to its announcement that it was increasing its investment in infrastructure. While investors focused on the effect this move would have on near-term profits, we believe it can help the company build its brand and achieve longer term scale benefits. |
• | Our investments in health care trailed their sector peers as well. Amedisys, Inc., a home healthcare and hospice service provider, declined as the firm saw incrementally lower average length of patient stays. The downturn occurred despite positive trends in Amedisys’ core business segments and the broader backdrop of the aging U.S. population. |
6 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn International®
Average annual total returns (%) (for the period ended December 31, 2021) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 10/16/00 | 12.63 | 13.11 | 9.62 | 10.00 |
Including sales charges | 6.17 | 11.78 | 8.98 | 9.78 | ||
Advisor Class | 11/08/12 | 12.88 | 13.39 | 9.88 | 10.37 | |
Class C | Excluding sales charges | 10/16/00 | 11.76 | 12.26 | 8.80 | 9.18 |
Including sales charges | 10.81 | 12.26 | 8.80 | 9.18 | ||
Institutional Class | 09/23/92 | 12.89 | 13.39 | 9.91 | 10.38 | |
Institutional 2 Class | 08/02/11 | 12.97 | 13.46 | 9.97 | 10.39 | |
Institutional 3 Class | 11/08/12 | 13.00 | 13.51 | 10.01 | 10.42 | |
Class R | 08/02/11 | 12.34 | 12.83 | 9.29 | 9.71 | |
MSCI ACWI ex USA SMID Cap Growth Index (Net) | 8.51 | 12.25 | 9.34 | - | ||
MSCI ACWI ex USA SMID Cap Index (Net) | 10.16 | 10.30 | 8.63 | - |
Columbia Acorn Family of Funds | Annual Report 2021 | 7 |
Columbia Acorn International®
Equity sector breakdown (%) (at December 31, 2021) | |
Communication Services | 4.4 |
Consumer Discretionary | 12.6 |
Consumer Staples | 2.7 |
Financials | 8.6 |
Health Care | 17.2 |
Industrials | 21.2 |
Information Technology | 25.1 |
Materials | 4.4 |
Real Estate | 3.8 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2021) | |
Australia | 5.3 |
Austria | 0.6 |
Brazil | 1.8 |
Canada | 2.6 |
China | 2.4 |
Denmark | 3.6 |
Finland | 0.8 |
France | 0.6 |
Germany | 7.5 |
Country breakdown (%) (at December 31, 2021) | |
Greece | 0.5 |
Italy | 4.6 |
Japan | 16.5 |
Malta | 0.5 |
Mexico | 1.1 |
Netherlands | 4.3 |
New Zealand | 1.9 |
Russian Federation | 1.6 |
Singapore | 1.1 |
South Korea | 2.4 |
Spain | 1.9 |
Sweden | 9.8 |
Switzerland | 3.6 |
Taiwan | 5.4 |
United Kingdom | 15.2 |
United States(a) | 4.0 |
Vietnam | 0.4 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
8 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn International®
• | Our process generated strong relative performance in Fund holdings in the consumer staples sector. The luxury consumer products company Inter Parfums, Inc. accounted for nearly all of the contribution. While the company is based in France, the stock is listed in the United States. The valuation between the U.S. and French listings narrowed, benefiting the Fund. The market also recognized the potential for significant value creation from the company’s addition of two new luxury perfume brands. |
• | The industrials sector was another area of strength for the Fund in the annual period. |
○ | IMCD NV, a Netherlands-based distributor of specialty chemicals, gained ground on the strength of better-than-expected results, rising market share, and improved pricing power. |
○ | AddTech AB, a Swedish provider of automation and manufacturing equipment, also made a sizable contribution to the Fund’s results. A larger, similar company went public late in the year, prompting investors to assign a higher valuation to AddTech. |
• | Our stock picks also performed very well in the health care and communication services sectors. |
○ | Eckert & Ziegler Strahlen- und Medizintechnik AG, a German producer of radioactive isotopes and associated technology for use in medical, scientific and industrial end markets, was a top performer in health care. The company’s rapidly growing radiopharma segment benefited from the rise of precision oncology radiology treatments and associated advancements in PET/CT scan imaging systems. In addition, positive news flow around the use of these targeted therapies for prostate cancer raised expectations that the company could benefit from a large increase its addressable market. |
○ | Rightmove PLC, which operates the United Kingdom’s largest online real estate portal and property website, was the leading contributor in communication services. The stock rallied on the strength of the company’s sustained pricing power, rising revenue per user, and the general upswing in the nation’s property market. |
Columbia Acorn Family of Funds | Annual Report 2021 | 9 |
Columbia Acorn International®
• | Sector allocations, while a residual effect of our bottom-up stock selection process, nonetheless contributed to performance in the annual period. Overweight positions in information technology and financials aided results, as did an underweight in the defensive consumer staples sector and a lack of exposure to utilities stocks. |
• | The materials sector was one of only three sectors in which our stock picks underperformed. The shortfall was largely a result of weakness in the shares of the Swiss composite engineering company Gurit Holding AG. |
• | The Fund also lost some ground in the consumer discretionary sector. Hikari Tsushin, Inc., a sales outsourcing company operating in Japan, was the largest detractor in the sector. The stock slid as volatility in its end markets caused investors to overlook the company’s ongoing shift to a recurring revenue model. |
• | While the Fund’s information technology holdings lagged only slightly behind those in the benchmark, certain stocks finished among our largest detractors in 2021. |
○ | TeamViewer AG, based in Germany, was the Fund’s leading individual detractor. The stock was hurt by a management shuffle and weaker-than-expected profit margins. We became less enthusiastic on the company’s growth prospects, prompting us to sell the position. |
○ | Elecom Co., Ltd. is a Japanese producer of personal computer peripherals with an asset-light, e-commerce-driven business model. Although the firm has demonstrated prowess in development and execution, its shares experienced short-term weakness after its results came in below expectations. |
○ | SimCorp AS, a provider of investment management software solutions and services, also detracted due to slower new client signings stemming from COVID-related uncertainty. |
10 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn USA®
Average annual total returns (%) (for the period ended December 31, 2021) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 10/16/00 | 8.74 | 15.46 | 13.96 | 11.00 |
Including sales charges | 2.48 | 14.11 | 13.29 | 10.74 | ||
Advisor Class | 11/08/12 | 8.92 | 15.75 | 14.25 | 11.34 | |
Class C | Excluding sales charges | 10/16/00 | 7.85 | 14.59 | 13.14 | 10.18 |
Including sales charges | 7.02 | 14.59 | 13.14 | 10.18 | ||
Institutional Class | 09/04/96 | 8.95 | 15.74 | 14.24 | 11.34 | |
Institutional 2 Class | 11/08/12 | 8.99 | 15.83 | 14.33 | 11.37 | |
Institutional 3 Class | 11/08/12 | 9.09 | 15.88 | 14.38 | 11.39 | |
Russell 2000 Growth Index | 2.83 | 14.53 | 14.14 | - |
Columbia Acorn Family of Funds | Annual Report 2021 | 11 |
Columbia Acorn USA®
Portfolio breakdown (%) (at December 31, 2021) | |
Common Stocks | 93.9 |
Limited Partnerships | 1.5 |
Money Market Funds | 2.9 |
Securities Lending Collateral | 1.6 |
Warrants | 0.1 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2021) | |
Communication Services | 1.5 |
Consumer Discretionary | 22.3 |
Consumer Staples | 3.3 |
Energy | 1.1 |
Financials | 6.4 |
Health Care | 26.5 |
Industrials | 16.5 |
Information Technology | 18.2 |
Materials | 1.6 |
Real Estate | 2.6 |
Total | 100.0 |
12 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn USA®
• | Our process generated strong relative performance in Fund holdings in the industrials sector. |
○ | Atkor, Inc., a specialized producer of electrical products used in commercial and industrial end markets, is one of only a handful of vendors that supply a very fragmented customer base. This affords Atkor with what we call “niche dominance,” one of the key features we look for in our portfolio holdings. Broader trends were also at the company’s back in 2021, highlighted by rising prices for PVC pipe and steel. |
○ | SiteOne Landscape Supply, Inc. further contributed to results. The company benefited from its position as a distributor situated between a fragmented group of suppliers (equipment makers) and an equally fragmented customer base (landscapers). The company has both scale power and an excellent management team, and these traits fed through to performance. |
• | The health care and consumer discretionary sectors were also areas in which our stock picks outperformed in 2021. |
• | Upstart Holdings, Inc., a financial stock, was the leading individual contributor for the year. The company operates an artificial intelligence (AI)-based lending platform primarily serving the personal and auto loan market. The shares jumped as the company grew more quickly than expected since its December 2020 initial public offering. We sold the stock on the basis of valuation prior to its downturn late in the year. |
• | Sprout Social, Inc., a provider of social media marketing management software that has benefited from the rapid shift in corporate marketing budgets toward to social media, was another top contributor in 2021. |
Columbia Acorn Family of Funds | Annual Report 2021 | 13 |
Columbia Acorn USA®
• | Sector allocations, while a residual effect of our bottom-up stock selection process, nonetheless contributed to performance. An overweight position in the industrials sector aided results, as did a zero weighting in the poor-performing communication services sector. |
• | Information technology, while home to a number of our top contributors, was a sector in which the Fund underperformed by a meaningful margin. Voyager Digital Ltd., an operator of a cryptocurrency trading app, and Olo, Inc., a software-as-a-service provider for restaurants, were two significant detractors. |
• | Poshmark, Inc., an operator of an online marketplace for resellers of apparel and accessories, was the Fund’s largest individual detractor in 2021. The company’s initial results and conservative guidance weighed on the shares, as did the overall weakness in recent initial public offerings during the second half of the year. Nevertheless, we believe Poshmark possesses a compelling platform that effectively blends valuable aspects of social media with e-commerce to create a collaborative, highly engaged and growing network of buyers and sellers. |
• | Vroom, Inc., an e-commerce platform for buying and selling new and used cars, was another notable detractor in consumer discretionary. Vroom has a leading market position in this small but fast-growing area, but its stock lagged due in part to its announcement that it was increasing its investment in infrastructure. While investors focused on the effect this move would have on near-term profits, we believe it can help the company build its brand and achieve longer term scale benefits. |
14 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn International SelectSM
Average annual total returns (%) (for the period ended December 31, 2021) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 10/16/00 | 10.49 | 15.59 | 10.31 | 9.16 |
Including sales charges | 4.15 | 14.23 | 9.66 | 8.88 | ||
Advisor Class | 11/08/12 | 10.78 | 15.89 | 10.60 | 9.49 | |
Class C | Excluding sales charges | 10/16/00 | 9.68 | 14.73 | 9.47 | 8.34 |
Including sales charges | 8.68 | 14.73 | 9.47 | 8.34 | ||
Institutional Class | 11/23/98 | 10.79 | 15.88 | 10.61 | 9.49 | |
Institutional 2 Class | 11/08/12 | 10.87 | 15.98 | 10.67 | 9.52 | |
Institutional 3 Class | 11/08/12 | 10.93 | 16.04 | 10.72 | 9.54 | |
MSCI ACWI ex USA Growth Index (Net) | 5.09 | 13.06 | 9.13 | - | ||
MSCI ACWI ex USA Index (Net) | 7.82 | 9.61 | 7.28 | - |
Columbia Acorn Family of Funds | Annual Report 2021 | 15 |
Columbia Acorn International SelectSM
Equity sector breakdown (%) (at December 31, 2021) | |
Communication Services | 6.0 |
Consumer Discretionary | 9.7 |
Financials | 7.8 |
Health Care | 20.7 |
Industrials | 28.8 |
Information Technology | 23.2 |
Materials | 1.8 |
Real Estate | 2.0 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2021) | |
Australia | 2.1 |
Brazil | 2.1 |
Canada | 1.8 |
China | 4.9 |
Denmark | 3.0 |
Finland | 2.2 |
Germany | 4.2 |
Italy | 4.8 |
Japan | 13.5 |
Malta | 0.0(a) |
Netherlands | 6.5 |
New Zealand | 3.4 |
Singapore | 2.0 |
South Korea | 1.6 |
Sweden | 11.5 |
Switzerland | 11.6 |
Taiwan | 7.3 |
United Kingdom | 16.6 |
United States(b) | 0.9 |
Total | 100.0 |
(a) | Rounds to zero. |
(b) | Includes investments in Money Market Funds. |
16 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn International SelectSM
• | Our process generated strong relative performance in Fund holdings in the communication services sector. |
○ | Rightmove PLC, which operates the United Kingdom’s largest online real estate portal and property website, was the leading contributor in communication services. The stock rallied on the strength of the company’s sustained pricing power, rising revenue per user, and the general upswing in the nation’s property market. |
• | The industrials sector was a further area of strength for the Fund in the annual period. |
○ | IMCD NV, a Netherlands-based distributor of specialty chemicals, gained ground on the strength of better-than-expected results. The company’s introduction of new products, together with its successful pricing increases, helped it generate higher profit margins. |
○ | Belimo Holding AG, based in Switzerland, was also a top contributor in industrials. The company, which makes actuators and valves for HVAC systems, benefited from trends such as rising infrastructure spending, urbanization, and the shift toward energy efficiency. |
• | Our stock picks also performed very well in health care and financials. |
○ | Dechra Pharmaceuticals PLC, a U.K.-based provider of pharmaceuticals and related health care products for animals, was a top contributor in the health care sector. The company continued to leverage a strong and diverse product portfolio to drive robust results. |
○ | Partners Group Holding AG was the leading contributor in financials. One of Europe’s largest private equity companies, Partners benefited from a very healthy environment for initial public offerings. Fundraising and investment levels were also quite strong, pointing to healthy fundamentals for the company. |
• | The technology sector was home to two of the Fund’s top performing stocks for the year. |
Columbia Acorn Family of Funds | Annual Report 2021 | 17 |
Columbia Acorn International SelectSM
○ | Shares of Nemetschek SE, a provider of building information modeling software that helps architects and builders improve efficiency and reduce costs, rallied on the strength of rising earnings and improving guidance. In addition, the broader construction software segment experienced valuation expansion amid growing investor interest in this area. |
○ | Parade Technologies Ltd., a Taiwanese semiconductor equipment company whose products enable higher speed connections between the chips on the motherboards in personal computers (PCs), also contributed. Parade was well positioned to capitalize on both the robust semiconductor cycle and better-than-expected global PC sales. |
• | Sector allocations, while a residual effect of our bottom-up stock selection process, nonetheless contributed to performance in the annual period. Overweight positions in information technology, industrials, and health care aided results, as did an underweight in the consumer discretionary sector. |
• | Consumer discretionary was one area in which our stock picks underperformed to a meaningful degree. |
○ | New Oriental Education & Technology Group, Inc. was the largest detractor in both the sector and the Fund as a whole. The stock lagged in the first half of the year due to a significant increase in regulatory uncertainty, and we exited the position. Shortly after we sold the stock, China’s government announced a rule change that forced private tutoring companies to become non-profit entities. The stock plunged in response, so our decision to sell helped protect the Fund from additional downside. |
○ | Hikari Tsushin, Inc., a sales outsourcing company operating in Japan, was another notable detractor in consumer discretionary. The stock slid as volatility in its end markets caused investors to overlook the company’s ongoing shift to a recurring revenue model. |
• | While the Fund’s holdings in information technology as a whole only slightly underperformed those in the benchmark, several stocks finished among our largest detractors in 2021. |
○ | TeamViewer AG, based in Germany, lagged due to a management shuffle and weaker-than-expected profit margins. We became less enthusiastic on the company’s growth prospects, prompting us to sell the stock from the portfolio. |
○ | SimCorp AS, a provider of investment management software solutions and services, also detracted due to slower new client signings stemming from COVID-related uncertainty. |
○ | Nexi SpA, an Italy-based payments-system provider and credit card payment processor, declined after a competitor reduced its guidance. We maintained the position on the basis of the company’s long-term growth potential. |
18 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Thermostat FundSM
Average annual total returns (%) (for the period ended December 31, 2021) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 03/03/03 | 6.16 | 10.63 | 8.47 | 7.88 |
Including sales charges | 0.04 | 9.33 | 7.83 | 7.55 | ||
Advisor Class | 11/08/12 | 6.43 | 10.91 | 8.74 | 8.15 | |
Class C | Excluding sales charges | 03/03/03 | 5.40 | 9.81 | 7.66 | 7.08 |
Including sales charges | 4.47 | 9.81 | 7.66 | 7.08 | ||
Institutional Class | 09/25/02 | 6.42 | 10.91 | 8.75 | 8.15 | |
Institutional 2 Class | 11/08/12 | 6.53 | 10.95 | 8.78 | 8.17 | |
Institutional 3 Class | 11/08/12 | 6.52 | 11.00 | 8.82 | 8.19 | |
Blended Benchmark | 12.80 | 11.12 | 9.78 | - | ||
S&P 500® Index | 28.71 | 18.47 | 16.55 | - | ||
Bloomberg U.S. Aggregate Bond Index | -1.54 | 3.57 | 2.90 | - |
Columbia Acorn Family of Funds | Annual Report 2021 | 19 |
Columbia Thermostat FundSM
Portfolio breakdown (%) (at December 31, 2021) | |
Equity Funds | 9.1 |
Exchange-Traded Equity Funds | 0.8 |
Exchange-Traded Fixed Income Funds | 9.0 |
Fixed Income Funds | 80.9 |
Money Market Funds | 0.2 |
Total | 100.0 |
20 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Thermostat FundSM
Columbia Acorn Family of Funds | Annual Report 2021 | 21 |
Columbia Thermostat FundSM
22 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn European FundSM
Average annual total returns (%) (for the period ended December 31, 2021) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 08/19/11 | 21.47 | 19.52 | 14.26 | 13.16 |
Including sales charges | 14.47 | 18.11 | 13.58 | 12.51 | ||
Advisor Class | 06/25/14 | 21.75 | 19.83 | 14.55 | 13.45 | |
Class C | Excluding sales charges | 08/19/11 | 20.57 | 18.64 | 13.40 | 12.32 |
Including sales charges | 19.57 | 18.64 | 13.40 | 12.32 | ||
Institutional Class | 08/19/11 | 21.76 | 19.83 | 14.54 | 13.45 | |
Institutional 2 Class | 11/08/12 | 21.80 | 19.90 | 14.58 | 13.49 | |
Institutional 3 Class | 03/01/17 | 21.83 | 19.93 | 14.58 | 13.49 | |
MSCI AC Europe Small Cap Index (Net) | 14.74 | 12.84 | 12.67 | - |
Columbia Acorn Family of Funds | Annual Report 2021 | 23 |
Columbia Acorn European FundSM
Equity sector breakdown (%) (at December 31, 2021) | |
Communication Services | 5.7 |
Consumer Discretionary | 5.3 |
Consumer Staples | 4.7 |
Financials | 8.7 |
Health Care | 19.0 |
Industrials | 29.7 |
Information Technology | 21.7 |
Materials | 3.0 |
Real Estate | 2.2 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2021) | |
Austria | 1.0 |
Cyprus | 0.8 |
Denmark | 5.1 |
Finland | 1.8 |
France | 1.3 |
Germany | 12.8 |
Greece | 0.9 |
Italy | 9.1 |
Malta | 1.1 |
Netherlands | 5.5 |
Spain | 2.8 |
Sweden | 17.5 |
Switzerland | 8.3 |
United Kingdom | 27.1 |
United States(a) | 4.9 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
24 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn European FundSM
• | Our process generated the best relative performance in Fund holdings in the industrials sector during the annual period. |
○ | AddTech AB, a Swedish provider of automation and manufacturing equipment, made a sizable contribution to the Fund’s results. A larger, similar firm went public late in the year, prompting investors to assign a higher valuation to AddTech. |
○ | IMCD NV, a Netherlands-based distributor of specialty chemicals, gained ground on the strength of better-than-expected results, rising market share, and improved pricing power. |
• | The Fund outperformed the benchmark in the consumer staples sector, where the luxury consumer products company Inter Parfums, Inc.accounted for nearly all of the contribution. While the company is based in France, the stock is listed in the United States. The valuation between the U.S. and French listings narrowed, benefiting the Fund. The market also recognized the potential for significant value creation from the company’s addition of two new luxury perfume brands. |
• | Our stock picks also performed very well in the health care sector. |
○ | Eckert & Ziegler Strahlen- und Medizintechnik AG, a German producer of radioactive isotopes and associated technology for use in medical, scientific and industrial end markets, was a top performer in the sector. The company’s rapidly growing radiopharma segment benefited from the rise of precision oncology radiology treatments and associated advancements in PET/CT scan imaging systems. In addition, positive news flow around the use of these targeted therapies in prostate cancer raised expectations that the company could benefit from a large increase its addressable market. |
○ | Dechra Pharmaceuticals PLC is a U.K.-based provider of pharmaceuticals and related health care products for animals, with a primary focus on companion animals. The company continued to leverage a strong and diverse product portfolio to drive robust results. |
• | The technology sector was home to one of the Fund’s top performing stocks for the year. Shares of Nemetschek SE, a provider of building information modeling software that helps architects and builders improve efficiency and reduce costs, rallied on the strength of rising earnings and improving guidance. In addition, the broader construction software segment experienced valuation expansion amid growing investor interest in this area. |
• | Sector allocations, while a residual effect of our bottom-up stock selection process, nonetheless contributed to performance in the annual period. An overweight in the industrials sector, where we have found an abundance of companies that are well positioned for long-term growth, made the largest contribution. We believe there is an attractive and large opportunity set in European industrial companies that are global leaders in niche segments. Several of our |
Columbia Acorn Family of Funds | Annual Report 2021 | 25 |
Columbia Acorn European FundSM
portfolio companies occupy strong positions in customer acquisition and retention through digital platforms, and they have key competitive advantages versus smaller players. We are also focusing on areas such as efficient climate control, factory automation, and the shift toward more environmentally friendly clean energy options. |
• | The materials sector was one of only two sectors where the Fund had holdings in which our stock picks underperformed. |
○ | The shortfall was largely a result of weakness in the shares of the Swiss composite engineering company Gurit Holding AG. |
○ | Vidrala SA, a Spain-based producer of glass packaging, was another notable detractor in the sector. |
○ | We sold the position in Gurit Holding, but Vidrala remained in the portfolio at year-end. |
• | Despite the contribution from Nemetschek noted above, our overall stock selection in information technology detracted from the Fund’s 12-month performance results, as well. |
○ | TeamViewer AG, based in Germany, was the leading detractor in both the sector and the Fund as a whole. The stock was hurt by a management shuffle and weaker-than-expected profit margins. We became less enthusiastic on the company’s growth prospects, prompting us to sell the position. |
○ | Exasol AG, based in Germany, develops database software for analytics applications. While the firm has been successful in driving adoption of its real-time analytics offering in Europe, the process of gaining traction in the massive U.S. market has proved more gradual than investors expected. |
○ | SimCorp AS, a provider of investment management software solutions and services, also detracted due to slower new client signings stemming from COVID-19-related uncertainty. |
26 | Columbia Acorn Family of Funds | Annual Report 2021 |
(Unaudited)
July 1, 2021 — December 31, 2021 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Columbia Acorn® Fund | |||||||
Class A | 1,000.00 | 1,000.00 | 1,009.90 | 1,019.76 | 5.47 | 5.50 | 1.08 |
Advisor Class | 1,000.00 | 1,000.00 | 1,010.30 | 1,021.07 | 4.15 | 4.18 | 0.82 |
Class C | 1,000.00 | 1,000.00 | 1,005.60 | 1,016.03 | 9.20 | 9.25 | 1.82 |
Institutional Class | 1,000.00 | 1,000.00 | 1,010.30 | 1,021.02 | 4.21 | 4.23 | 0.83 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,011.00 | 1,021.17 | 4.06 | 4.08 | 0.80 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,011.30 | 1,021.42 | 3.80 | 3.82 | 0.75 |
Columbia Acorn Family of Funds | Annual Report 2021 | 27 |
(Unaudited)
July 1, 2021 — December 31, 2021 | |||||||
Account value at the beginning of the period ($) | 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 | 1,040.60 | 1,019.06 | 6.27 | 6.21 | 1.22 |
Advisor Class | 1,000.00 | 1,000.00 | 1,041.60 | 1,020.32 | 4.99 | 4.94 | 0.97 |
Class C | 1,000.00 | 1,000.00 | 1,036.60 | 1,015.27 | 10.11 | 10.01 | 1.97 |
Institutional Class | 1,000.00 | 1,000.00 | 1,041.70 | 1,020.32 | 4.99 | 4.94 | 0.97 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,042.00 | 1,020.57 | 4.74 | 4.69 | 0.92 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,042.10 | 1,020.77 | 4.53 | 4.48 | 0.88 |
Class R | 1,000.00 | 1,000.00 | 1,039.00 | 1,017.80 | 7.55 | 7.48 | 1.47 |
Columbia Acorn USA® | |||||||
Class A | 1,000.00 | 1,000.00 | 990.50 | 1,018.20 | 6.97 | 7.07 | 1.39 |
Advisor Class | 1,000.00 | 1,000.00 | 991.70 | 1,019.46 | 5.72 | 5.80 | 1.14 |
Class C | 1,000.00 | 1,000.00 | 986.70 | 1,014.42 | 10.72 | 10.87 | 2.14 |
Institutional Class | 1,000.00 | 1,000.00 | 991.50 | 1,019.46 | 5.72 | 5.80 | 1.14 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 991.80 | 1,019.76 | 5.42 | 5.50 | 1.08 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 992.40 | 1,019.96 | 5.22 | 5.30 | 1.04 |
Columbia Acorn International SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,059.70 | 1,019.06 | 6.33 | 6.21 | 1.22 |
Advisor Class | 1,000.00 | 1,000.00 | 1,061.10 | 1,020.32 | 5.04 | 4.94 | 0.97 |
Class C | 1,000.00 | 1,000.00 | 1,055.80 | 1,015.27 | 10.21 | 10.01 | 1.97 |
Institutional Class | 1,000.00 | 1,000.00 | 1,061.10 | 1,020.32 | 5.04 | 4.94 | 0.97 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,061.20 | 1,020.77 | 4.57 | 4.48 | 0.88 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,061.70 | 1,021.02 | 4.31 | 4.23 | 0.83 |
Columbia Acorn European FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,090.10 | 1,017.95 | 7.59 | 7.32 | 1.44 |
Advisor Class | 1,000.00 | 1,000.00 | 1,091.40 | 1,019.21 | 6.27 | 6.06 | 1.19 |
Class C | 1,000.00 | 1,000.00 | 1,086.30 | 1,014.17 | 11.52 | 11.12 | 2.19 |
Institutional Class | 1,000.00 | 1,000.00 | 1,091.60 | 1,019.21 | 6.27 | 6.06 | 1.19 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,091.90 | 1,019.46 | 6.01 | 5.80 | 1.14 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,091.90 | 1,019.66 | 5.80 | 5.60 | 1.10 |
July 1, 2021 — December 31, 2021 | ||||||||||
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 | 1,002.40 | 1,022.68 | 2.52 | 2.55 | 0.50 | 4.29 | 4.33 | 0.85 |
Advisor Class | 1,000.00 | 1,000.00 | 1,003.30 | 1,023.95 | 1.26 | 1.28 | 0.25 | 3.03 | 3.06 | 0.60 |
Class C | 1,000.00 | 1,000.00 | 998.60 | 1,018.90 | 6.30 | 6.36 | 1.25 | 8.06 | 8.14 | 1.60 |
Institutional Class | 1,000.00 | 1,000.00 | 1,003.30 | 1,023.95 | 1.26 | 1.28 | 0.25 | 3.03 | 3.06 | 0.60 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,003.80 | 1,024.20 | 1.01 | 1.02 | 0.20 | 2.78 | 2.81 | 0.55 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,003.60 | 1,024.35 | 0.86 | 0.87 | 0.17 | 2.63 | 2.65 | 0.52 |
28 | Columbia Acorn Family of Funds | Annual Report 2021 |
(Unaudited)
Columbia Acorn Family of Funds | Annual Report 2021 | 29 |
Columbia Acorn® Fund, December 31, 2021
Common Stocks 98.3% | ||
Issuer | Shares | Value ($) |
Communication Services 3.5% | ||
Entertainment 3.5% | ||
Roblox Corp., Class A(a) | 538,439 | 55,545,367 |
Roku, Inc.(a) | 116,894 | 26,675,211 |
Take-Two Interactive Software, Inc.(a) | 211,000 | 37,498,920 |
Zynga, Inc., Class A(a) | 5,912,599 | 37,840,634 |
Total | 157,560,132 | |
Total Communication Services | 157,560,132 | |
Consumer Discretionary 18.7% | ||
Auto Components 1.4% | ||
Visteon Corp.(a) | 569,901 | 63,338,797 |
Diversified Consumer Services 2.3% | ||
Bright Horizons Family Solutions, Inc.(a) | 342,825 | 43,154,811 |
Chegg, Inc.(a) | 1,965,290 | 60,334,403 |
Total | 103,489,214 | |
Hotels, Restaurants & Leisure 6.2% | ||
Churchill Downs, Inc. | 227,000 | 54,684,300 |
DraftKings, Inc., Class A(a) | 433,250 | 11,901,378 |
Planet Fitness, Inc., Class A(a) | 1,422,769 | 128,874,416 |
Wingstop, Inc. | 482,304 | 83,342,131 |
Total | 278,802,225 | |
Household Durables 1.5% | ||
Skyline Champion Corp.(a) | 859,991 | 67,922,089 |
Internet & Direct Marketing Retail 2.3% | ||
Etsy, Inc.(a) | 430,740 | 94,306,216 |
Poshmark, Inc., Class A(a),(b) | 580,349 | 9,883,343 |
Total | 104,189,559 | |
Leisure Products 0.5% | ||
Brunswick Corp. | 202,371 | 20,384,831 |
Specialty Retail 4.5% | ||
Five Below, Inc.(a) | 416,030 | 86,072,447 |
Floor & Decor Holdings, Inc.(a) | 518,000 | 67,345,180 |
Vroom, Inc.(a),(c) | 1,932,383 | 20,850,412 |
Williams-Sonoma, Inc. | 186,700 | 31,576,571 |
Total | 205,844,610 | |
Total Consumer Discretionary | 843,971,325 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Staples 2.2% | ||
Food & Staples Retailing 1.2% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 824,000 | 55,183,280 |
Household Products 1.0% | ||
WD-40 Co. | 184,759 | 45,199,442 |
Total Consumer Staples | 100,382,722 | |
Energy 1.5% | ||
Oil, Gas & Consumable Fuels 1.5% | ||
Devon Energy Corp. | 669,600 | 29,495,880 |
Diamondback Energy, Inc. | 247,600 | 26,703,660 |
Matador Resources Co. | 339,948 | 12,550,880 |
Total | 68,750,420 | |
Total Energy | 68,750,420 | |
Financials 4.3% | ||
Banks 1.3% | ||
Lakeland Financial Corp. | 715,615 | 57,349,386 |
Capital Markets 3.0% | ||
Ares Management Corp., Class A | 459,290 | 37,326,498 |
GCM Grosvenor, Inc., Class A(b) | 2,226,000 | 23,373,000 |
Hamilton Lane, Inc., Class A(b) | 211,113 | 21,875,529 |
Houlihan Lokey, Inc., Class A | 265,400 | 27,474,208 |
Open Lending Corp., Class A(a) | 1,233,417 | 27,727,214 |
Total | 137,776,449 | |
Total Financials | 195,125,835 | |
Health Care 21.7% | ||
Biotechnology 6.5% | ||
Anika Therapeutics, Inc.(a) | 582,331 | 20,864,920 |
Argenx SE, ADR(a) | 114,951 | 40,254,691 |
Exact Sciences Corp.(a) | 341,400 | 26,571,162 |
Fate Therapeutics, Inc.(a) | 213,689 | 12,502,943 |
Horizon Therapeutics PLC(a) | 538,364 | 58,014,104 |
Insmed, Inc.(a) | 1,675,370 | 45,637,079 |
Intellia Therapeutics, Inc.(a) | 183,000 | 21,637,920 |
Iovance Biotherapeutics, Inc.(a) | 650,700 | 12,421,863 |
30 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn® Fund, December 31, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Mirati Therapeutics, Inc.(a) | 187,230 | 27,464,769 |
Natera, Inc.(a) | 307,600 | 28,726,764 |
Total | 294,096,215 | |
Health Care Equipment & Supplies 3.3% | ||
Align Technology, Inc.(a) | 102,250 | 67,196,655 |
Globus Medical, Inc., Class A(a) | 433,100 | 31,269,820 |
Masimo Corp.(a) | 168,910 | 49,453,470 |
Total | 147,919,945 | |
Health Care Providers & Services 4.5% | ||
Amedisys, Inc.(a) | 650,005 | 105,222,810 |
Chemed Corp. | 92,296 | 48,828,276 |
Encompass Health Corp. | 479,663 | 31,302,807 |
P3 Health Partners, Inc.(a),(d),(e),(f) | 2,500,000 | 16,550,000 |
Total | 201,903,893 | |
Health Care Technology 0.7% | ||
Doximity, Inc., Class A(a),(c) | 681,102 | 34,143,643 |
Life Sciences Tools & Services 6.7% | ||
10X Genomics, Inc., Class A(a) | 619,098 | 92,220,838 |
Bio-Techne Corp. | 159,302 | 82,413,297 |
Codexis, Inc.(a) | 310,586 | 9,712,024 |
Pacific Biosciences of California, Inc.(a) | 1,316,600 | 26,937,636 |
Repligen Corp.(a) | 354,199 | 93,806,063 |
Total | 305,089,858 | |
Total Health Care | 983,153,554 | |
Industrials 14.3% | ||
Electrical Equipment 4.8% | ||
AMETEK, Inc. | 343,667 | 50,532,796 |
Atkor, Inc.(a) | 359,364 | 39,957,683 |
Generac Holdings, Inc.(a) | 131,180 | 46,164,866 |
Plug Power, Inc.(a) | 1,723,000 | 48,640,290 |
Shoals Technologies Group, Inc., Class A(a) | 1,267,675 | 30,804,502 |
Total | 216,100,137 | |
Machinery 5.1% | ||
IDEX Corp. | 133,500 | 31,548,720 |
Ingersoll Rand, Inc. | 808,068 | 49,995,167 |
Kornit Digital Ltd.(a) | 499,638 | 76,069,886 |
SPX Corp.(a) | 1,233,872 | 73,637,481 |
Total | 231,251,254 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Professional Services 2.1% | ||
CoStar Group, Inc.(a) | 655,860 | 51,832,616 |
ICF International, Inc. | 441,000 | 45,224,550 |
Total | 97,057,166 | |
Trading Companies & Distributors 2.3% | ||
SiteOne Landscape Supply, Inc.(a) | 430,151 | 104,216,984 |
Total Industrials | 648,625,541 | |
Information Technology 27.8% | ||
Communications Equipment 0.8% | ||
Calix, Inc.(a) | 432,291 | 34,570,311 |
Electronic Equipment, Instruments & Components 1.6% | ||
CDW Corp. | 347,683 | 71,198,525 |
IT Services 7.1% | ||
Endava PLC, ADR(a) | 451,510 | 75,817,559 |
EPAM Systems, Inc.(a) | 67,994 | 45,450,589 |
MongoDB, Inc.(a) | 166,250 | 88,004,437 |
Shift4 Payments, Inc., Class A(a) | 647,419 | 37,504,983 |
VeriSign, Inc.(a) | 217,675 | 55,250,269 |
Wix.com Ltd.(a) | 122,120 | 19,269,315 |
Total | 321,297,152 | |
Semiconductors & Semiconductor Equipment 2.9% | ||
Enphase Energy, Inc.(a) | 304,253 | 55,660,044 |
Teradyne, Inc. | 479,339 | 78,386,306 |
Total | 134,046,350 | |
Software 15.4% | ||
Avalara, Inc.(a) | 496,000 | 64,038,560 |
Bill.com Holdings, Inc.(a) | 410,636 | 102,309,959 |
Blackline, Inc.(a) | 426,525 | 44,162,398 |
Cadence Design Systems, Inc.(a) | 244,059 | 45,480,395 |
Crowdstrike Holdings, Inc., Class A(a) | 162,291 | 33,229,082 |
DocuSign, Inc.(a) | 130,620 | 19,894,732 |
Elastic NV(a) | 213,424 | 26,270,360 |
Five9, Inc.(a) | 419,315 | 57,580,336 |
HubSpot, Inc.(a) | 52,050 | 34,308,758 |
Olo, Inc., Class A(a) | 991,000 | 20,622,710 |
Trade Desk, Inc. (The), Class A(a) | 1,357,784 | 124,427,326 |
Voyager Digital Ltd.(a),(c) | 1,953,276 | 24,382,172 |
Columbia Acorn Family of Funds | Annual Report 2021 | 31 |
Columbia Acorn® Fund, December 31, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Zendesk, Inc.(a) | 362,877 | 37,844,442 |
Zscaler, Inc.(a) | 202,044 | 64,922,799 |
Total | 699,474,029 | |
Total Information Technology | 1,260,586,367 | |
Materials 2.6% | ||
Chemicals 2.6% | ||
Albemarle Corp. | 268,600 | 62,790,622 |
Avient Corp. | 958,000 | 53,600,100 |
Total | 116,390,722 | |
Total Materials | 116,390,722 | |
Real Estate 1.7% | ||
Real Estate Management & Development 1.7% | ||
Colliers International Group, Inc. | 336,817 | 50,067,847 |
FirstService Corp. | 132,500 | 26,032,275 |
Total | 76,100,122 | |
Total Real Estate | 76,100,122 | |
Total Common Stocks (Cost $3,563,490,313) | 4,450,646,740 | |
Securities Lending Collateral 0.8% | ||
Issuer | Shares | Value ($) |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.030%(g),(h) | 36,269,919 | 36,269,919 |
Total Securities Lending Collateral (Cost $36,269,919) | 36,269,919 | |
Money Market Funds 1.8% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.085%(b),(g) | 81,677,236 | 81,660,901 |
Total Money Market Funds (Cost $81,660,223) | 81,660,901 | |
Total Investments in Securities (Cost: $3,681,420,455) | 4,568,577,560 | |
Obligation to Return Collateral for Securities Loaned | (36,269,919) | |
Other Assets & Liabilities, Net | (3,683,971) | |
Net Assets | 4,528,623,670 |
(a) | Non-income producing investment. |
(b) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.085% | ||||||||
39,795,717 | 1,744,139,977 | (1,702,270,267) | (4,526) | 81,660,901 | (1,213) | 58,825 | 81,677,236 | |
ePlus, Inc.‡,† | ||||||||
— | 47,101,170 | (79,036,447) | — | — | 7,473,170 | — | — | |
GCM Grosvenor, Inc., Class A‡ | ||||||||
— | — | — | 70,639 | 23,373,000 | — | 734,580 | 2,226,000 | |
Hamilton Lane, Inc., Class A‡,† | ||||||||
— | 48,305,512 | (55,510,979) | — | — | 4,493,833 | 821,911 | — | |
Kiniksa Pharmaceuticals Ltd., Class A† | ||||||||
28,164,513 | — | (31,166,939) | 3,002,426 | — | (4,332,697) | — | — | |
Poshmark, Inc., Class A‡,† | ||||||||
— | 57,202,730 | (25,734,533) | — | — | (15,581,834) | — | — | |
Total | 67,960,230 | 3,068,539 | 105,033,901 | (7,948,741) | 1,615,316 |
‡ | Issuer was not an affiliate at the beginning of period. |
† | Issuer was not an affiliate at the end of period. |
32 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn® Fund, December 31, 2021
(c) | All or a portion of this security was on loan at December 31, 2021. The total market value of securities on loan at December 31, 2021 was $33,010,589. |
(d) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At December 31, 2021, the total value of these securities amounted to $16,550,000, which represents 0.37% of total net assets. |
(e) | Denotes a restricted security, which is subject to legal or contractual restrictions on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These securities are valued at fair value determined in good faith under consistently applied procedures established by the Fund’s Board of Trustees. At December 31, 2021, the total market value of these securities amounted to $16,550,000, which represents 0.37% of total net assets. Additional information on these securities is as follows: |
Security | Acquisition Dates | Shares | Cost ($) | Value ($) |
P3 Health Partners, Inc. | 05/26/2021 | 2,500,000 | 25,000,000 | 16,550,000 |
(f) | Valuation based on significant unobservable inputs. |
(g) | The rate shown is the seven-day current annualized yield at December 31, 2021. |
(h) | Investment made with cash collateral received from securities lending activity. |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 157,560,132 | — | — | 157,560,132 |
Consumer Discretionary | 843,971,325 | — | — | 843,971,325 |
Consumer Staples | 100,382,722 | — | — | 100,382,722 |
Energy | 68,750,420 | — | — | 68,750,420 |
Financials | 195,125,835 | — | — | 195,125,835 |
Health Care | 966,603,554 | — | 16,550,000 | 983,153,554 |
Columbia Acorn Family of Funds | Annual Report 2021 | 33 |
Columbia Acorn® Fund, December 31, 2021
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Industrials | 648,625,541 | — | — | 648,625,541 |
Information Technology | 1,260,586,367 | — | — | 1,260,586,367 |
Materials | 116,390,722 | — | — | 116,390,722 |
Real Estate | 76,100,122 | — | — | 76,100,122 |
Total Common Stocks | 4,434,096,740 | — | 16,550,000 | 4,450,646,740 |
Securities Lending Collateral | 36,269,919 | — | — | 36,269,919 |
Money Market Funds | 81,660,901 | — | — | 81,660,901 |
Total Investments in Securities | 4,552,027,560 | — | 16,550,000 | 4,568,577,560 |
34 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn International®, December 31, 2021
Common Stocks 98.9% | ||
Issuer | Shares | Value ($) |
Australia 5.3% | ||
Bapcor Ltd. | 8,198,062 | 41,787,728 |
carsales.com Ltd. | 990,365 | 18,095,622 |
IDP Education Ltd. | 1,459,389 | 36,765,335 |
Pro Medicus Ltd. | 289,845 | 13,154,462 |
Temple & Webster Group Ltd.(a) | 1,845,783 | 14,449,564 |
Total | 124,252,711 | |
Austria 0.6% | ||
S&T AG(b) | 878,104 | 14,588,437 |
Brazil 1.8% | ||
Notre Dame Intermedica Participacoes SA | 1,756,438 | 19,030,706 |
TOTVS SA | 4,694,127 | 24,136,409 |
Total | 43,167,115 | |
Canada 2.6% | ||
Altus Group Ltd. | 456,750 | 25,625,952 |
Osisko Gold Royalties Ltd. | 2,866,342 | 35,077,255 |
Total | 60,703,207 | |
China 2.5% | ||
Shenzhou International Group Holdings Ltd. | 1,145,600 | 22,183,034 |
Silergy Corp. | 194,000 | 35,113,285 |
Total | 57,296,319 | |
Denmark 3.6% | ||
ALK-Abello AS(a) | 76,663 | 40,255,982 |
SimCorp AS | 394,321 | 42,977,746 |
Total | 83,233,728 | |
Finland 0.8% | ||
Valmet OYJ | 419,361 | 17,980,387 |
France 0.6% | ||
Robertet SA | 12,149 | 13,485,846 |
Germany 7.5% | ||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 249,713 | 26,686,191 |
Hypoport SE(a) | 93,752 | 54,374,471 |
Jenoptik AG | 1,073,686 | 45,306,306 |
Nemetschek SE | 384,791 | 49,200,954 |
Total | 175,567,922 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Greece 0.5% | ||
JUMBO SA | 882,707 | 12,662,520 |
Italy 4.7% | ||
Amplifon SpA | 977,347 | 52,589,300 |
Carel Industries SpA | 289,182 | 8,745,373 |
GVS SpA | 1,147,087 | 13,768,727 |
Nexi SpA(a) | 2,125,392 | 33,679,810 |
Total | 108,783,210 | |
Japan 16.5% | ||
Aruhi Corp. | 1,484,700 | 13,491,683 |
CyberAgent, Inc. | 682,300 | 11,373,825 |
Daifuku Co., Ltd. | 458,900 | 37,526,510 |
Daiseki Co., Ltd. | 932,119 | 41,408,850 |
Disco Corp. | 66,000 | 20,173,068 |
Elecom Co., Ltd. | 1,180,700 | 15,539,751 |
Fuso Chemical Co., Ltd. | 561,800 | 23,703,810 |
Hikari Tsushin, Inc. | 424,828 | 65,426,745 |
Hoshizaki Corp. | 149,200 | 11,225,489 |
NSD Co., Ltd. | 588,100 | 10,682,687 |
Obic Co., Ltd. | 139,100 | 26,032,456 |
Seiren Co., Ltd. | 861,000 | 18,863,267 |
Sekisui Chemical Co., Ltd. | 2,216,400 | 37,067,418 |
Shima Seiki Manufacturing Ltd. | 325,900 | 5,590,745 |
Simplex Holdings, Inc.(a) | 799,700 | 19,734,355 |
Solasto Corp. | 1,803,300 | 19,374,629 |
Valqua Ltd. | 407,600 | 9,607,063 |
Total | 386,822,351 | |
Malta 0.5% | ||
Kindred Group PLC | 1,069,580 | 12,671,973 |
Mexico 1.1% | ||
Corporación Inmobiliaria Vesta SAB de CV | 12,567,607 | 25,189,841 |
Netherlands 4.3% | ||
Argenx SE, ADR(a) | 114,759 | 40,187,454 |
BE Semiconductor Industries NV | 144,137 | 12,253,484 |
IMCD NV | 222,632 | 49,202,402 |
Total | 101,643,340 |
Columbia Acorn Family of Funds | Annual Report 2021 | 35 |
Columbia Acorn International®, December 31, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
New Zealand 1.9% | ||
Fisher & Paykel Healthcare Corp., Ltd. | 1,978,513 | 44,325,753 |
Russian Federation 1.6% | ||
TCS Group Holding PLC, GDR(c) | 448,967 | 37,847,872 |
Singapore 1.1% | ||
Mapletree Logistics Trust | 17,732,544 | 25,008,848 |
South Korea 2.4% | ||
Koh Young Technology, Inc.(a) | 1,266,645 | 25,229,265 |
Korea Investment Holdings Co., Ltd.(a) | 442,611 | 29,987,138 |
Total | 55,216,403 | |
Spain 1.9% | ||
Befesa SA | 308,579 | 23,677,972 |
Vidrala SA | 213,082 | 21,008,628 |
Total | 44,686,600 | |
Sweden 9.8% | ||
AddTech AB, B Shares | 2,032,021 | 48,332,282 |
Dometic Group AB | 2,163,171 | 28,396,471 |
Hexagon AB, Class B | 4,274,829 | 67,715,642 |
Munters Group AB | 3,142,036 | 24,322,770 |
Sectra AB, Class B(a) | 996,824 | 22,084,965 |
Sweco AB, Class B | 2,035,816 | 38,308,843 |
Total | 229,160,973 | |
Switzerland 3.6% | ||
Belimo Holding AG, Registered Shares | 66,374 | 42,146,582 |
Inficon Holding AG | 18,546 | 27,113,314 |
Montana Aerospace AG(a),(c) | 391,115 | 14,529,459 |
Total | 83,789,355 | |
Taiwan 5.5% | ||
Parade Technologies Ltd. | 756,000 | 57,516,566 |
Sinbon Electronics Co., Ltd. | 2,393,000 | 24,513,062 |
Universal Vision Biotechnology Co., Ltd. | 1,110,000 | 11,339,944 |
Voltronic Power Technology Corp. | 613,408 | 34,220,807 |
Total | 127,590,379 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
United Kingdom 15.2% | ||
Abcam PLC(a) | 625,142 | 14,663,969 |
Auto Trader Group PLC | 2,123,901 | 21,270,608 |
Dechra Pharmaceuticals PLC | 773,015 | 55,869,431 |
Diploma PLC | 688,467 | 31,563,804 |
Genus PLC | 368,303 | 24,700,928 |
Halma PLC | 460,960 | 19,986,715 |
Intermediate Capital Group PLC | 1,765,720 | 52,584,435 |
Rentokil Initial PLC | 5,597,778 | 44,310,603 |
Rightmove PLC | 4,790,311 | 51,691,274 |
Safestore Holdings PLC | 645,592 | 12,312,420 |
Spirax-Sarco Engineering PLC | 123,404 | 26,856,471 |
Total | 355,810,658 | |
United States 2.6% | ||
Inter Parfums, Inc. | 576,834 | 61,663,555 |
Vietnam 0.4% | ||
Asia Commercial Bank JSC(a) | 6,638,667 | 10,039,269 |
Total Common Stocks (Cost $1,397,467,893) | 2,313,188,572 | |
Securities Lending Collateral 0.4% | ||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.030%(d),(e) | 10,493,519 | 10,493,519 |
Total Securities Lending Collateral (Cost $10,493,519) | 10,493,519 | |
Money Market Funds 1.0% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.085%(d),(f) | 22,668,846 | 22,664,312 |
Total Money Market Funds (Cost $22,664,312) | 22,664,312 | |
Total Investments in Securities (Cost $1,430,625,724) | 2,346,346,403 | |
Obligation to Return Collateral for Securities Loaned | (10,493,519) | |
Other Assets & Liabilities, Net | 3,935,189 | |
Net Assets | $2,339,788,073 |
36 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn International®, December 31, 2021
(a) | Non-income producing investment. |
(b) | All or a portion of this security was on loan at December 31, 2021. The total market value of securities on loan at December 31, 2021 was $10,018,113. |
(c) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At December 31, 2021, the total value of these securities amounted to $52,377,331, which represents 2.24% of total net assets. |
(d) | The rate shown is the seven-day current annualized yield at December 31, 2021. |
(e) | Investment made with cash collateral received from securities lending activity. |
(f) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.085% | ||||||||
61,934,514 | 628,270,129 | (667,540,331) | — | 22,664,312 | (3,531) | 35,467 | 22,668,846 |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Australia | — | 124,252,711 | — | 124,252,711 |
Austria | — | 14,588,437 | — | 14,588,437 |
Brazil | 43,167,115 | — | — | 43,167,115 |
Canada | 60,703,207 | — | — | 60,703,207 |
China | — | 57,296,319 | — | 57,296,319 |
Columbia Acorn Family of Funds | Annual Report 2021 | 37 |
Columbia Acorn International®, December 31, 2021
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Denmark | — | 83,233,728 | — | 83,233,728 |
Finland | — | 17,980,387 | — | 17,980,387 |
France | — | 13,485,846 | — | 13,485,846 |
Germany | — | 175,567,922 | — | 175,567,922 |
Greece | — | 12,662,520 | — | 12,662,520 |
Italy | — | 108,783,210 | — | 108,783,210 |
Japan | — | 386,822,351 | — | 386,822,351 |
Malta | — | 12,671,973 | — | 12,671,973 |
Mexico | 25,189,841 | — | — | 25,189,841 |
Netherlands | 40,187,454 | 61,455,886 | — | 101,643,340 |
New Zealand | — | 44,325,753 | — | 44,325,753 |
Russian Federation | — | 37,847,872 | — | 37,847,872 |
Singapore | — | 25,008,848 | — | 25,008,848 |
South Korea | — | 55,216,403 | — | 55,216,403 |
Spain | — | 44,686,600 | — | 44,686,600 |
Sweden | — | 229,160,973 | — | 229,160,973 |
Switzerland | — | 83,789,355 | — | 83,789,355 |
Taiwan | — | 127,590,379 | — | 127,590,379 |
United Kingdom | — | 355,810,658 | — | 355,810,658 |
United States | 61,663,555 | — | — | 61,663,555 |
Vietnam | — | 10,039,269 | — | 10,039,269 |
Total Common Stocks | 230,911,172 | 2,082,277,400 | — | 2,313,188,572 |
Securities Lending Collateral | 10,493,519 | — | — | 10,493,519 |
Money Market Funds | 22,664,312 | — | — | 22,664,312 |
Total Investments in Securities | 264,069,003 | 2,082,277,400 | — | 2,346,346,403 |
38 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn USA®, December 31, 2021
Common Stocks 95.5% | ||
Issuer | Shares | Value ($) |
Communication Services 1.4% | ||
Interactive Media & Services 1.4% | ||
Ziff Davis, Inc.(a) | 39,592 | 4,389,169 |
Total Communication Services | 4,389,169 | |
Consumer Discretionary 20.1% | ||
Auto Components 3.6% | ||
Dorman Products, Inc.(a) | 37,320 | 4,217,533 |
LCI Industries | 23,146 | 3,607,767 |
Visteon Corp.(a) | 27,625 | 3,070,243 |
Total | 10,895,543 | |
Diversified Consumer Services 1.7% | ||
Bright Horizons Family Solutions, Inc.(a) | 22,625 | 2,848,035 |
Chegg, Inc.(a) | 74,626 | 2,291,018 |
Total | 5,139,053 | |
Hotels, Restaurants & Leisure 8.2% | ||
Churchill Downs, Inc. | 20,741 | 4,996,507 |
First Watch Restaurant Group, Inc.(a) | 71,141 | 1,192,323 |
Planet Fitness, Inc., Class A(a) | 102,132 | 9,251,117 |
Wendy’s Co. (The) | 126,471 | 3,016,333 |
Wingstop, Inc. | 36,835 | 6,365,088 |
Total | 24,821,368 | |
Household Durables 2.4% | ||
Skyline Champion Corp.(a) | 91,970 | 7,263,790 |
Internet & Direct Marketing Retail 0.6% | ||
Poshmark, Inc., Class A(a) | 109,356 | 1,862,333 |
Leisure Products 1.1% | ||
Brunswick Corp. | 31,210 | 3,143,783 |
Specialty Retail 2.5% | ||
Five Below, Inc.(a) | 30,943 | 6,401,797 |
Vroom, Inc.(a) | 109,388 | 1,180,297 |
Total | 7,582,094 | |
Total Consumer Discretionary | 60,707,964 | |
Consumer Staples 3.2% | ||
Food & Staples Retailing 2.2% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 99,903 | 6,690,504 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Products 1.0% | ||
WD-40 Co. | 12,497 | 3,057,266 |
Total Consumer Staples | 9,747,770 | |
Energy 1.1% | ||
Oil, Gas & Consumable Fuels 1.1% | ||
Matador Resources Co. | 87,600 | 3,234,192 |
Total Energy | 3,234,192 | |
Financials 6.2% | ||
Banks 1.7% | ||
Lakeland Financial Corp. | 61,687 | 4,943,596 |
Capital Markets 4.5% | ||
GCM Grosvenor, Inc., Class A(b) | 399,884 | 4,198,782 |
Hamilton Lane, Inc., Class A | 28,490 | 2,952,134 |
Houlihan Lokey, Inc., Class A | 34,098 | 3,529,825 |
Open Lending Corp., Class A(a) | 133,304 | 2,996,674 |
Total | 13,677,415 | |
Total Financials | 18,621,011 | |
Health Care 25.7% | ||
Biotechnology 5.5% | ||
Anika Therapeutics, Inc.(a) | 56,439 | 2,022,209 |
Fate Therapeutics, Inc.(a) | 71,320 | 4,172,933 |
Insmed, Inc.(a) | 140,494 | 3,827,057 |
Intellia Therapeutics, Inc.(a) | 14,185 | 1,677,234 |
Iovance Biotherapeutics, Inc.(a) | 43,100 | 822,779 |
Mirati Therapeutics, Inc.(a) | 16,049 | 2,354,228 |
Natera, Inc.(a) | 20,515 | 1,915,896 |
Total | 16,792,336 | |
Health Care Equipment & Supplies 1.3% | ||
Glaukos Corp.(a) | 31,345 | 1,392,972 |
Globus Medical, Inc., Class A(a) | 34,005 | 2,455,161 |
Total | 3,848,133 |
Columbia Acorn Family of Funds | Annual Report 2021 | 39 |
Columbia Acorn USA®, December 31, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Providers & Services 7.2% | ||
Amedisys, Inc.(a) | 38,777 | 6,277,221 |
Chemed Corp. | 13,474 | 7,128,285 |
Encompass Health Corp. | 17,875 | 1,166,522 |
National Research Corp., Class A | 89,928 | 3,733,811 |
P3 Health Partners, Inc.(a),(b) | 484,027 | 3,407,550 |
Total | 21,713,389 | |
Health Care Technology 1.8% | ||
Doximity, Inc., Class A(a),(b) | 74,307 | 3,725,010 |
Schrodinger, Inc.(a) | 46,765 | 1,628,825 |
Total | 5,353,835 | |
Life Sciences Tools & Services 9.3% | ||
10X Genomics, Inc., Class A(a) | 25,835 | 3,848,381 |
Bio-Techne Corp. | 5,335 | 2,760,009 |
Codexis, Inc.(a) | 139,525 | 4,362,947 |
DNA Script(a),(c),(d),(e) | 1,139 | 791,265 |
NanoString Technologies, Inc.(a) | 54,507 | 2,301,830 |
NeoGenomics, Inc.(a) | 70,000 | 2,388,400 |
Pacific Biosciences of California, Inc.(a) | 160,030 | 3,274,214 |
Repligen Corp.(a) | 31,921 | 8,453,958 |
Total | 28,181,004 | |
Pharmaceuticals 0.6% | ||
Nuvation Bio, Inc.(a),(b) | 225,836 | 1,919,606 |
Total Health Care | 77,808,303 | |
Industrials 16.0% | ||
Electrical Equipment 5.3% | ||
Atkor, Inc.(a) | 48,782 | 5,424,071 |
Plug Power, Inc.(a) | 155,838 | 4,399,307 |
Shoals Technologies Group, Inc., Class A(a) | 194,351 | 4,722,729 |
Sunrun, Inc.(a) | 47,715 | 1,636,624 |
Total | 16,182,731 | |
Machinery 5.3% | ||
ITT, Inc. | 40,315 | 4,119,790 |
Kornit Digital Ltd.(a) | 33,162 | 5,048,914 |
SPX Corp.(a) | 68,525 | 4,089,572 |
Watts Water Technologies, Inc., Class A | 13,603 | 2,641,295 |
Total | 15,899,571 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Professional Services 1.3% | ||
ICF International, Inc. | 37,423 | 3,837,729 |
Road & Rail 0.8% | ||
Saia, Inc.(a) | 7,395 | 2,492,337 |
Trading Companies & Distributors 3.3% | ||
SiteOne Landscape Supply, Inc.(a) | 40,720 | 9,865,641 |
Total Industrials | 48,278,009 | |
Information Technology 17.7% | ||
Communications Equipment 1.3% | ||
Calix, Inc.(a) | 49,458 | 3,955,156 |
Electronic Equipment, Instruments & Components 1.9% | ||
Advanced Energy Industries, Inc. | 25,115 | 2,286,972 |
Badger Meter, Inc. | 33,421 | 3,561,342 |
Total | 5,848,314 | |
IT Services 3.1% | ||
Endava PLC, ADR(a) | 40,620 | 6,820,910 |
Shift4 Payments, Inc., Class A(a) | 42,350 | 2,453,336 |
Total | 9,274,246 | |
Software 11.4% | ||
Avalara, Inc.(a) | 30,690 | 3,962,386 |
Blackline, Inc.(a) | 82,127 | 8,503,429 |
Elastic NV(a) | 33,701 | 4,148,256 |
Five9, Inc.(a) | 39,690 | 5,450,231 |
Manhattan Associates, Inc.(a) | 18,114 | 2,816,546 |
Olo, Inc., Class A(a) | 148,321 | 3,086,560 |
Sprout Social, Inc., Class A(a) | 34,123 | 3,094,615 |
Voyager Digital Ltd.(a) | 258,787 | 3,230,362 |
Total | 34,292,385 | |
Total Information Technology | 53,370,101 | |
Materials 1.6% | ||
Chemicals 1.6% | ||
Avient Corp. | 86,200 | 4,822,890 |
Total Materials | 4,822,890 |
40 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn USA®, December 31, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 2.5% | ||
Real Estate Management & Development 2.5% | ||
Colliers International Group, Inc. | 33,829 | 5,028,681 |
FirstService Corp. | 13,489 | 2,650,184 |
Total | 7,678,865 | |
Total Real Estate | 7,678,865 | |
Total Common Stocks (Cost $233,026,036) | 288,658,274 | |
Limited Partnerships 1.5% | ||
Consumer Discretionary 1.5% | ||
Hotels, Restaurants & Leisure 1.5% | ||
Cedar Fair LP(a) | 92,580 | 4,634,555 |
Total Consumer Discretionary | 4,634,555 | |
Total Limited Partnerships (Cost $3,167,884) | 4,634,555 | |
Securities Lending Collateral 1.7% | ||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.030%(f),(g) | 5,034,920 | 5,034,920 |
Total Securities Lending Collateral (Cost $5,034,920) | 5,034,920 | |
Warrants 0.0% | ||
Issuer | Shares | Value ($) |
Financials 0.0% | ||
Capital Markets 0.0% | ||
P3 Health Partners, Inc.(a) | 161,342 | 169,409 |
Total Financials | 169,409 | |
Total Warrants (Cost $232,971) | 169,409 | |
Money Market Funds 2.9% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.085%(f),(h) | 8,760,878 | 8,759,126 |
Total Money Market Funds (Cost $8,759,128) | 8,759,126 | |
Total Investments in Securities (Cost: $250,220,939) | 307,256,284 | |
Obligation to Return Collateral for Securities Loaned | (5,034,920) | |
Other Assets & Liabilities, Net | 80,546 | |
Net Assets | 302,301,910 |
(a) | Non-income producing investment. |
(b) | All or a portion of this security was on loan at December 31, 2021. The total market value of securities on loan at December 31, 2021 was $4,773,190. |
(c) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At December 31, 2021, the total value of these securities amounted to $791,265, which represents 0.26% of total net assets. |
(d) | Denotes a restricted security, which is subject to legal or contractual restrictions on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These securities are valued at fair value determined in good faith under consistently applied procedures established by the Fund’s Board of Trustees. At December 31, 2021, the total market value of these securities amounted to $791,265, which represents 0.26% of total net assets. Additional information on these securities is as follows: |
Security | Acquisition Dates | Shares | Cost ($) | Value ($) |
DNA Script | 10/01/2021 | 1,139 | 990,759 | 791,265 |
(e) | Valuation based on significant unobservable inputs. |
(f) | The rate shown is the seven-day current annualized yield at December 31, 2021. |
(g) | Investment made with cash collateral received from securities lending activity. |
Columbia Acorn Family of Funds | Annual Report 2021 | 41 |
Columbia Acorn USA®, December 31, 2021
(h) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.085% | ||||||||
3,540,814 | 137,512,366 | (132,293,229) | (825) | 8,759,126 | 48 | 6,269 | 8,760,878 |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 4,389,169 | — | — | 4,389,169 |
Consumer Discretionary | 60,707,964 | — | — | 60,707,964 |
Consumer Staples | 9,747,770 | — | — | 9,747,770 |
Energy | 3,234,192 | — | — | 3,234,192 |
Financials | 18,621,011 | — | — | 18,621,011 |
Health Care | 77,017,038 | — | 791,265 | 77,808,303 |
Industrials | 48,278,009 | — | — | 48,278,009 |
Information Technology | 53,370,101 | — | — | 53,370,101 |
42 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn USA®, December 31, 2021
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Materials | 4,822,890 | — | — | 4,822,890 |
Real Estate | 7,678,865 | — | — | 7,678,865 |
Total Common Stocks | 287,867,009 | — | 791,265 | 288,658,274 |
Limited Partnerships | ||||
Consumer Discretionary | 4,634,555 | — | — | 4,634,555 |
Total Limited Partnerships | 4,634,555 | — | — | 4,634,555 |
Securities Lending Collateral | 5,034,920 | — | — | 5,034,920 |
Warrants | ||||
Financials | 169,409 | — | — | 169,409 |
Total Warrants | 169,409 | — | — | 169,409 |
Money Market Funds | 8,759,126 | — | — | 8,759,126 |
Total Investments in Securities | 306,465,019 | — | 791,265 | 307,256,284 |
Columbia Acorn Family of Funds | Annual Report 2021 | 43 |
Columbia Acorn International SelectSM, December 31, 2021
Common Stocks 99.0% | ||
Issuer | Shares | Value ($) |
Australia 2.1% | ||
IDP Education Ltd. | 400,593 | 10,091,850 |
Brazil 2.0% | ||
TOTVS SA | 1,916,627 | 9,854,973 |
Canada 1.8% | ||
CCL Industries, Inc. | 160,856 | 8,625,529 |
China 4.9% | ||
NetEase, Inc., ADR | 100,870 | 10,266,549 |
Shenzhou International Group Holdings Ltd. | 686,200 | 13,287,358 |
Total | 23,553,907 | |
Denmark 3.0% | ||
SimCorp AS | 134,165 | 14,622,882 |
Finland 2.2% | ||
Valmet OYJ | 247,415 | 10,608,085 |
Germany 4.2% | ||
Nemetschek SE | 157,608 | 20,152,405 |
Italy 4.8% | ||
Amplifon SpA | 218,529 | 11,758,656 |
Nexi SpA(a) | 710,729 | 11,262,495 |
Total | 23,021,151 | |
Japan 13.5% | ||
Daifuku Co., Ltd. | 143,700 | 11,751,055 |
Hikari Tsushin, Inc. | 76,600 | 11,796,983 |
Obic Co., Ltd. | 53,800 | 10,068,628 |
Recruit Holdings Co., Ltd. | 333,100 | 20,271,041 |
Sekisui Chemical Co., Ltd. | 643,200 | 10,756,977 |
Total | 64,644,684 | |
Malta 0.0% | ||
BGP Holdings PLC(a),(b),(c) | 2,232,232 | 3 |
Netherlands 6.5% | ||
IMCD NV | 84,826 | 18,746,824 |
Koninklijke Philips NV | 343,011 | 12,695,395 |
Total | 31,442,219 | |
New Zealand 3.4% | ||
Fisher & Paykel Healthcare Corp., Ltd. | 734,738 | 16,460,754 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Singapore 2.0% | ||
Mapletree Logistics Trust | 6,796,400 | 9,585,209 |
South Korea 1.6% | ||
Korea Investment Holdings Co., Ltd.(a) | 113,871 | 7,714,822 |
Sweden 11.5% | ||
Hexagon AB, Class B | 1,543,356 | 24,447,607 |
Sectra AB, Class B(a) | 736,044 | 16,307,298 |
Sweco AB, Class B | 756,833 | 14,241,659 |
Total | 54,996,564 | |
Switzerland 11.6% | ||
Belimo Holding AG, Registered Shares | 28,026 | 17,796,127 |
Lonza Group AG, Registered Shares | 24,445 | 20,352,622 |
Partners Group Holding AG | 10,574 | 17,455,659 |
Total | 55,604,408 | |
Taiwan 7.3% | ||
Parade Technologies Ltd. | 264,000 | 20,085,150 |
Voltronic Power Technology Corp. | 265,852 | 14,831,352 |
Total | 34,916,502 | |
United Kingdom 16.6% | ||
Dechra Pharmaceuticals PLC | 286,174 | 20,683,141 |
Diploma PLC | 243,568 | 11,166,741 |
Intermediate Capital Group PLC | 406,974 | 12,119,984 |
Rentokil Initial PLC | 2,187,196 | 17,313,294 |
Rightmove PLC | 1,705,190 | 18,400,359 |
Total | 79,683,519 | |
Total Common Stocks (Cost $329,618,085) | 475,579,466 | |
Money Market Funds 0.9% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.085%(d),(e) | 4,211,446 | 4,210,604 |
Total Money Market Funds (Cost $4,210,604) | 4,210,604 | |
Total Investments in Securities (Cost $333,828,689) | 479,790,070 | |
Other Assets & Liabilities, Net | 296,031 | |
Net Assets | $480,086,101 |
44 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn International SelectSM, December 31, 2021
(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, 2021, the total value of these securities amounted to $3, which represents less than 0.01% of total net assets. |
(c) | Valuation based on significant unobservable inputs. |
(d) | The rate shown is the seven-day current annualized yield at December 31, 2021. |
(e) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.085% | ||||||||
3,594,978 | 106,127,799 | (105,512,173) | — | 4,210,604 | (733) | 4,022 | 4,211,446 |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Australia | — | 10,091,850 | — | 10,091,850 |
Brazil | 9,854,973 | — | — | 9,854,973 |
Canada | 8,625,529 | — | — | 8,625,529 |
China | 10,266,549 | 13,287,358 | — | 23,553,907 |
Denmark | — | 14,622,882 | — | 14,622,882 |
Finland | — | 10,608,085 | — | 10,608,085 |
Germany | — | 20,152,405 | — | 20,152,405 |
Italy | — | 23,021,151 | — | 23,021,151 |
Columbia Acorn Family of Funds | Annual Report 2021 | 45 |
Columbia Acorn International SelectSM, December 31, 2021
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Japan | — | 64,644,684 | — | 64,644,684 |
Malta | — | — | 3 | 3 |
Netherlands | — | 31,442,219 | — | 31,442,219 |
New Zealand | — | 16,460,754 | — | 16,460,754 |
Singapore | — | 9,585,209 | — | 9,585,209 |
South Korea | — | 7,714,822 | — | 7,714,822 |
Sweden | — | 54,996,564 | — | 54,996,564 |
Switzerland | — | 55,604,408 | — | 55,604,408 |
Taiwan | — | 34,916,502 | — | 34,916,502 |
United Kingdom | — | 79,683,519 | — | 79,683,519 |
Total Common Stocks | 28,747,051 | 446,832,412 | 3 | 475,579,466 |
Money Market Funds | 4,210,604 | — | — | 4,210,604 |
Total Investments in Securities | 32,957,655 | 446,832,412 | 3 | 479,790,070 |
46 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Thermostat FundSM, December 31, 2021
Equity Funds 9.1% | ||
Shares | Value ($) | |
International 1.0% | ||
Columbia Emerging Markets Fund, Institutional 3 Class(a) | 1,218,923 | 21,148,316 |
U.S. Large Cap 6.1% | ||
Columbia Contrarian Core Fund, Institutional 3 Class(a) | 921,681 | 31,401,672 |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class(a) | 1,149,329 | 31,422,661 |
Columbia Large Cap Index Fund, Institutional 3 Class(a) | 1,032,471 | 62,412,872 |
Total | 125,237,205 | |
U.S. Mid Cap 1.0% | ||
Columbia Select Mid Cap Value Fund, Institutional 3 Class(a) | 1,513,851 | 21,178,767 |
U.S. Small Mid Cap 1.0% | ||
Columbia Acorn® Fund, Institutional 3 Class(a) | 1,325,008 | 21,041,129 |
Total Equity Funds (Cost $149,869,127) | 188,605,417 | |
Exchange-Traded Equity Funds 0.9% | ||
U.S. Large Cap 0.9% | ||
Columbia Research Enhanced Core ETF(a) | 670,118 | 18,034,082 |
Total Exchange-Traded Equity Funds (Cost $13,490,445) | 18,034,082 | |
Exchange-Traded Fixed Income Funds 9.0% | ||
Multisector 9.0% | ||
Columbia Diversified Fixed Income Allocation ETF(a) | 8,763,915 | 186,759,029 |
Total Exchange-Traded Fixed Income Funds (Cost $183,988,282) | 186,759,029 | |
Fixed Income Funds 81.0% | ||
Shares | Value ($) | |
Investment Grade 81.0% | ||
Columbia Corporate Income Fund, Institutional 3 Class(a) | 17,545,432 | 186,858,848 |
Columbia Quality Income Fund, Institutional 3 Class(a) | 16,954,146 | 373,669,379 |
Columbia Short Term Bond Fund, Institutional 3 Class(a) | 27,950,303 | 280,062,035 |
Columbia Total Return Bond Fund, Institutional 3 Class(a) | 5,014,417 | 186,937,454 |
Columbia U.S. Treasury Index Fund, Institutional 3 Class(a) | 56,302,120 | 653,104,595 |
Total | 1,680,632,311 | |
Total Fixed Income Funds (Cost $1,700,273,230) | 1,680,632,311 | |
Money Market Funds 0.2% | ||
Columbia Short-Term Cash Fund, 0.085%(a),(b) | 3,640,895 | 3,640,167 |
Total Money Market Funds (Cost $3,640,167) | 3,640,167 | |
Total Investments in Securities (Cost: $2,051,261,251) | 2,077,671,006 | |
Other Assets & Liabilities, Net | (3,478,051) | |
Net Assets | 2,074,192,955 |
Columbia Acorn Family of Funds | Annual Report 2021 | 47 |
Columbia Thermostat FundSM, December 31, 2021
(a) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | 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 | |||||||||
86,086,340 | 7,937,567 | (75,823,509) | (18,200,398) | — | — | 24,867,255 | — | — | |
Columbia Acorn® Fund, Institutional 3 Class | |||||||||
84,751,736 | 19,884,132 | (66,175,727) | (17,419,012) | 21,041,129 | 4,111,522 | 18,503,455 | 153,944 | 1,325,008 | |
Columbia Contrarian Core Fund, Institutional 3 Class | |||||||||
85,172,403 | 8,894,443 | (52,629,114) | (10,036,060) | 31,401,672 | 3,737,024 | 20,716,448 | 174,275 | 921,681 | |
Columbia Corporate Income Fund, Institutional 3 Class | |||||||||
84,644,993 | 120,715,693 | (13,359,985) | (5,141,853) | 186,858,848 | 3,945,249 | (504,507) | 3,625,504 | 17,545,432 | |
Columbia Diversified Fixed Income Allocation ETF | |||||||||
84,444,150 | 118,421,250 | (12,692,092) | (3,414,279) | 186,759,029 | — | (256,624) | 3,871,931 | 8,763,915 | |
Columbia Dividend Income Fund, Institutional 3 Class | |||||||||
83,970,346 | 6,162,809 | (70,514,613) | (19,618,542) | — | — | 30,600,431 | 412,805 | — | |
Columbia Emerging Markets Fund, Institutional 3 Class | |||||||||
— | 23,839,475 | (30,540) | (2,660,619) | 21,148,316 | 89,369 | (3,765) | 243,233 | 1,218,923 | |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class | |||||||||
84,343,847 | 13,537,278 | (55,119,307) | (11,339,157) | 31,422,661 | 7,336,130 | 20,438,268 | 390,412 | 1,149,329 | |
Columbia Large Cap Index Fund, Institutional 3 Class | |||||||||
254,114,521 | 29,753,623 | (181,218,240) | (40,237,032) | 62,412,872 | 9,398,738 | 71,200,310 | 756,389 | 1,032,471 | |
Columbia Quality Income Fund, Institutional 3 Class | |||||||||
169,430,970 | 238,733,385 | (23,820,420) | (10,674,556) | 373,669,379 | — | (526,918) | 7,349,279 | 16,954,146 | |
Columbia Research Enhanced Core ETF | |||||||||
83,125,929 | 6,453,488 | (59,885,938) | (11,659,397) | 18,034,082 | — | 24,043,526 | 3,722,968 | 670,118 | |
Columbia Select Mid Cap Value Fund, Institutional 3 Class | |||||||||
87,709,618 | 3,753,602 | (57,894,384) | (12,390,069) | 21,178,767 | 1,774,535 | 29,692,974 | 268,078 | 1,513,851 | |
Columbia Short Term Bond Fund, Institutional 3 Class | |||||||||
126,683,822 | 175,142,303 | (19,414,825) | (2,349,265) | 280,062,035 | — | (115,376) | 3,901,221 | 27,950,303 | |
Columbia Short-Term Cash Fund, 0.085% | |||||||||
6,901,030 | 382,639,146 | (385,900,007) | (2) | 3,640,167 | — | (498) | 5,270 | 3,640,895 | |
Columbia Total Return Bond Fund, Institutional 3 Class | |||||||||
84,645,589 | 118,872,388 | (12,919,767) | (3,660,756) | 186,937,454 | 436,881 | (477,168) | 4,541,210 | 5,014,417 | |
Columbia U.S. Treasury Index Fund, Institutional 3 Class | |||||||||
295,666,771 | 415,449,706 | (47,063,632) | (10,948,250) | 653,104,595 | 1,350,886 | (1,591,576) | 6,420,577 | 56,302,120 | |
Total | 1,701,692,065 | (179,749,247) | 2,077,671,006 | 32,180,334 | 236,586,235 | 35,837,096 |
(b) | The rate shown is the seven-day current annualized yield at December 31, 2021. |
■ | 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 2021 |
Columbia Thermostat FundSM, December 31, 2021
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Equity Funds | 188,605,417 | — | — | 188,605,417 |
Exchange-Traded Equity Funds | 18,034,082 | — | — | 18,034,082 |
Exchange-Traded Fixed Income Funds | 186,759,029 | — | — | 186,759,029 |
Fixed Income Funds | 1,680,632,311 | — | — | 1,680,632,311 |
Money Market Funds | 3,640,167 | — | — | 3,640,167 |
Total Investments in Securities | 2,077,671,006 | — | — | 2,077,671,006 |
Columbia Acorn Family of Funds | Annual Report 2021 | 49 |
Columbia Acorn European FundSM, December 31, 2021
Common Stocks 98.3% | ||
Issuer | Shares | Value ($) |
Austria 1.0% | ||
S&T AG | 126,843 | 2,107,314 |
Cyprus 0.8% | ||
TCS Group Holding PLC GDR(a) | 19,600 | 1,652,278 |
Denmark 5.0% | ||
ALK-Abello AS(b) | 11,014 | 5,783,486 |
SimCorp AS | 45,991 | 5,012,641 |
Total | 10,796,127 | |
Finland 1.8% | ||
Valmet OYJ | 88,836 | 3,808,904 |
France 1.3% | ||
Robertet SA | 2,492 | 2,766,213 |
Germany 12.7% | ||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 24,036 | 2,568,666 |
Hypoport SE(b) | 12,003 | 6,961,524 |
Jenoptik AG | 140,427 | 5,925,595 |
Nemetschek SE | 54,886 | 7,017,949 |
Washtec AG | 76,811 | 4,796,511 |
Total | 27,270,245 | |
Greece 0.9% | ||
JUMBO SA | 140,864 | 2,020,708 |
Italy 9.1% | ||
Amplifon SpA | 108,560 | 5,841,420 |
Carel Industries SpA | 129,950 | 3,929,917 |
GVS SpA | 156,229 | 1,875,250 |
Intercos SpA(b) | 142,235 | 2,276,800 |
Nexi SpA(b) | 347,497 | 5,506,576 |
Total | 19,429,963 | |
Malta 1.1% | ||
Kindred Group PLC | 199,244 | 2,360,566 |
Netherlands 5.5% | ||
Argenx SE(b) | 5,539 | 1,969,713 |
BE Semiconductor Industries NV | 21,146 | 1,797,680 |
IMCD NV | 30,631 | 6,769,552 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Koninklijke Philips NV | 34,695 | 1,284,118 |
Total | 11,821,063 | |
Spain 2.8% | ||
Befesa SA | 30,087 | 2,308,644 |
Vidrala SA | 36,799 | 3,628,164 |
Total | 5,936,808 | |
Sweden 17.5% | ||
AddTech AB, B Shares | 300,980 | 7,158,907 |
Dometic Group AB | 267,059 | 3,505,748 |
Dustin Group AB | 269,475 | 3,164,084 |
Hexagon AB, Class B | 499,098 | 7,905,987 |
Munters Group AB | 538,296 | 4,166,996 |
Sectra AB, Class B(b) | 294,747 | 6,530,217 |
Sweco AB, Class B | 263,918 | 4,966,261 |
Total | 37,398,200 | |
Switzerland 8.3% | ||
Belimo Holding AG, Registered Shares | 8,479 | 5,384,049 |
Inficon Holding AG | 2,170 | 3,172,430 |
Kardex Energy AG | 10,968 | 3,600,052 |
Montana Aerospace AG(a),(b) | 67,731 | 2,516,127 |
Partners Group Holding AG | 1,830 | 3,020,981 |
Total | 17,693,639 | |
United Kingdom 27.0% | ||
Abcam PLC(b) | 103,385 | 2,425,104 |
Auto Trader Group PLC | 513,380 | 5,141,438 |
Dechra Pharmaceuticals PLC | 107,588 | 7,775,891 |
Diploma PLC | 139,482 | 6,394,762 |
Genus PLC | 59,585 | 3,996,179 |
Halma PLC | 74,854 | 3,245,587 |
Intermediate Capital Group PLC | 221,628 | 6,600,244 |
Rentokil Initial PLC | 759,235 | 6,009,913 |
Rightmove PLC | 643,671 | 6,945,723 |
Safestore Holdings PLC | 243,743 | 4,648,550 |
Spirax-Sarco Engineering PLC | 21,210 | 4,615,942 |
Total | 57,799,333 |
50 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn European FundSM, December 31, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
United States 3.5% | ||
Inter Parfums, Inc. | 70,760 | 7,564,244 |
Total Common Stocks (Cost $138,891,685) | 210,425,605 | |
Money Market Funds 1.4% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.085%(c),(d) | 2,949,088 | 2,948,499 |
Total Money Market Funds (Cost $2,948,499) | 2,948,499 | |
Total Investments in Securities (Cost $141,840,184) | 213,374,104 | |
Other Assets & Liabilities, Net | 565,316 | |
Net Assets | $213,939,420 |
(a) | 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, 2021, the total value of these securities amounted to $4,168,405, which represents 1.95% of total net assets. |
(b) | Non-income producing investment. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2021. |
(d) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.085% | ||||||||
2,989,602 | 95,831,533 | (95,872,636) | — | 2,948,499 | (482) | 2,437 | 2,949,088 |
GDR | Global Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
Columbia Acorn Family of Funds | Annual Report 2021 | 51 |
Columbia Acorn European FundSM, December 31, 2021
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 | ||||
Common Stocks | ||||
Austria | — | 2,107,314 | — | 2,107,314 |
Cyprus | — | 1,652,278 | — | 1,652,278 |
Denmark | — | 10,796,127 | — | 10,796,127 |
Finland | — | 3,808,904 | — | 3,808,904 |
France | — | 2,766,213 | — | 2,766,213 |
Germany | — | 27,270,245 | — | 27,270,245 |
Greece | — | 2,020,708 | — | 2,020,708 |
Italy | — | 19,429,963 | — | 19,429,963 |
Malta | — | 2,360,566 | — | 2,360,566 |
Netherlands | — | 11,821,063 | — | 11,821,063 |
Spain | — | 5,936,808 | — | 5,936,808 |
Sweden | — | 37,398,200 | — | 37,398,200 |
Switzerland | — | 17,693,639 | — | 17,693,639 |
United Kingdom | — | 57,799,333 | — | 57,799,333 |
United States | 7,564,244 | — | — | 7,564,244 |
Total Common Stocks | 7,564,244 | 202,861,361 | — | 210,425,605 |
Money Market Funds | 2,948,499 | — | — | 2,948,499 |
Total Investments in Securities | 10,512,743 | 202,861,361 | — | 213,374,104 |
52 | Columbia Acorn Family of Funds | Annual Report 2021 |
December 31, 2021
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Assets | |||
Investments in securities, at value* | |||
Unaffiliated issuers (cost $3,576,457,871, $1,407,961,412, $241,461,811, respectively) | $4,463,543,659 | $2,323,682,091 | $298,497,158 |
Affiliated issuers (cost $104,962,584, $22,664,312, $8,759,128, respectively) | 105,033,901 | 22,664,312 | 8,759,126 |
Cash | — | 151 | — |
Foreign currency (cost $—, $3,562,547, $—, respectively) | — | 3,596,758 | — |
Receivable for: | |||
Investments sold | 585,815 | — | 56,788 |
Capital shares sold | 586,477 | 264,948 | 331,740 |
Dividends | 853,585 | 2,369,568 | 72,700 |
Securities lending income | 21,794 | 62,798 | 3,011 |
Foreign tax reclaims | 7,470 | 1,769,155 | 754 |
Expense reimbursement due from Investment Manager | — | 588 | 40 |
Prepaid expenses | 111,336 | 57,001 | 7,492 |
Trustees’ deferred compensation plan | 4,847,548 | 2,349,222 | 425,133 |
Total assets | 4,575,591,585 | 2,356,816,592 | 308,153,942 |
Liabilities | |||
Foreign currency (cost $—, $ —, $27, respectively) | — | — | 27 |
Due upon return of securities on loan | 36,269,919 | 10,493,519 | 5,034,920 |
Payable for: | |||
Investments purchased | — | 2,220,186 | — |
Capital shares purchased | 5,159,594 | 1,440,182 | 320,640 |
Investment advisory fee | 83,624 | 50,746 | 7,674 |
Distribution and/or service fees | 7,024 | 2,272 | 413 |
Transfer agent fees | 410,278 | 176,452 | 28,590 |
Administration fees | 5,997 | 3,071 | 399 |
Trustees’ fees | 1,171 | 56,873 | 79 |
Compensation of chief compliance officer | 8,236 | 4,097 | 546 |
Other expenses | 174,524 | 231,899 | 33,611 |
Trustees’ deferred compensation plan | 4,847,548 | 2,349,222 | 425,133 |
Total liabilities | 46,967,915 | 17,028,519 | 5,852,032 |
Net assets applicable to outstanding capital stock | $4,528,623,670 | $2,339,788,073 | $302,301,910 |
Represented by | |||
Paid in capital | 3,497,529,921 | 1,492,284,211 | 238,282,462 |
Total distributable earnings (loss) | 1,031,093,749 | 847,503,862 | 64,019,448 |
Total - representing net assets applicable to outstanding capital stock | $4,528,623,670 | $2,339,788,073 | $302,301,910 |
* Includes the value of securities on loan | 33,010,589 | 10,018,113 | 4,773,190 |
Columbia Acorn Family of Funds | Annual Report 2021 | 53 |
December 31, 2021
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Class A | |||
Net assets | $919,642,819 | $282,125,290 | $53,016,033 |
Shares outstanding | 91,904,408 | 8,500,228 | 5,229,995 |
Net asset value per share(a) | $10.01 | $33.19 | $10.14 |
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) | $10.62 | $35.21 | $10.76 |
Advisor Class | |||
Net assets | $39,676,453 | $9,279,494 | $24,058,165 |
Shares outstanding | 2,580,959 | 274,353 | 1,469,372 |
Net asset value per share(c) | $15.37 | $33.82 | $16.37 |
Class C | |||
Net assets | $24,545,900 | $10,686,519 | $1,809,279 |
Shares outstanding | 1,788,799 | 355,404 | 120,366 |
Net asset value per share(a) | $13.72 | $30.07 | $15.03 |
Institutional Class | |||
Net assets | $3,413,006,232 | $1,727,042,213 | $169,844,453 |
Shares outstanding | 239,945,539 | 51,891,501 | 11,450,751 |
Net asset value per share(c) | $14.22 | $33.28 | $14.83 |
Institutional 2 Class | |||
Net assets | $52,797,296 | $126,972,704 | $3,271,060 |
Shares outstanding | 3,381,171 | 3,818,843 | 197,351 |
Net asset value per share(c) | $15.62 | $33.25 | $16.57 |
Institutional 3 Class | |||
Net assets | $78,954,970 | $179,991,313 | $50,302,920 |
Shares outstanding | 4,972,492 | 5,320,258 | 2,987,286 |
Net asset value per share(c) | $15.88 | $33.83 | $16.84 |
Class R | |||
Net assets | $— | $3,690,540 | $— |
Shares outstanding | — | 111,182 | — |
Net asset value per share(c) | $— | $33.19 | $— |
(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 2021 |
December 31, 2021
Columbia Acorn International SelectSM | Columbia Thermostat FundSM | Columbia Acorn European FundSM | |
Assets | |||
Investments in securities, at value | |||
Unaffiliated issuers (cost $329,618,085, $—, $138,891,685, respectively) | $475,579,466 | $— | $210,425,605 |
Affiliated issuers (cost $4,210,604, $2,051,261,251, $2,948,499, respectively) | 4,210,604 | 2,077,671,006 | 2,948,499 |
Cash | 20,603 | — | — |
Foreign currency (cost $—, $—, $29,378, respectively) | — | — | 29,494 |
Receivable for: | |||
Investments sold | — | 1,612,924 | — |
Capital shares sold | 34,970 | 5,418,593 | 564,207 |
Dividends | 514,413 | 2,495,894 | 63,328 |
Securities lending income | — | — | 1,231 |
Foreign tax reclaims | 560,675 | — | 195,156 |
Expense reimbursement due from Investment Manager | 2,491 | 2,150 | 989 |
Prepaid expenses | 11,299 | 52,036 | 4,951 |
Total assets | 480,934,521 | 2,087,252,603 | 214,233,460 |
Liabilities | |||
Due to custodian | — | 3,553 | 1,741 |
Foreign currency (cost $20,603, $ —, $—, respectively) | 20,729 | — | — |
Payable for: | |||
Investments purchased | — | 2,495,620 | — |
Capital shares purchased | 360,790 | 9,852,088 | 200,897 |
Investment advisory fee | 11,694 | 5,716 | 6,163 |
Distribution and/or service fees | 1,668 | 9,565 | 645 |
Transfer agent fees | 44,854 | 200,011 | 18,113 |
Administration fees | 631 | 2,745 | 280 |
Trustees’ fees | 334,684 | 401,833 | 27,779 |
Compensation of chief compliance officer | 832 | 3,661 | 353 |
Audit fees | 14,750 | 5,500 | 14,750 |
Other expenses | 57,788 | 79,356 | 23,319 |
Total liabilities | 848,420 | 13,059,648 | 294,040 |
Net assets applicable to outstanding capital stock | $480,086,101 | $2,074,192,955 | $213,939,420 |
Represented by | |||
Paid in capital | 329,365,717 | 2,035,909,789 | 147,861,132 |
Total distributable earnings (loss) | 150,720,384 | 38,283,166 | 66,078,288 |
Total - representing net assets applicable to outstanding capital stock | $480,086,101 | $2,074,192,955 | $213,939,420 |
Columbia Acorn Family of Funds | Annual Report 2021 | 55 |
December 31, 2021
Columbia Acorn International SelectSM | Columbia Thermostat FundSM | Columbia Acorn European FundSM | |
Class A | |||
Net assets | $235,103,038 | $624,372,719 | $66,374,215 |
Shares outstanding | 6,635,855 | 36,711,447 | 1,991,389 |
Net asset value per share(a) | $35.43 | $17.01 | $33.33 |
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) | $37.59 | $18.05 | $35.36 |
Advisor Class | |||
Net assets | $2,462,210 | $172,161,977 | $3,083,158 |
Shares outstanding | 67,741 | 10,241,050 | 91,540 |
Net asset value per share(c) | $36.35 | $16.81 | $33.68 |
Class C | |||
Net assets | $2,145,925 | $189,990,435 | $7,077,565 |
Shares outstanding | 67,363 | 11,086,332 | 218,813 |
Net asset value per share(a) | $31.86 | $17.14 | $32.35 |
Institutional Class | |||
Net assets | $159,876,324 | $902,840,759 | $111,462,246 |
Shares outstanding | 4,440,042 | 54,099,020 | 3,326,095 |
Net asset value per share(c) | $36.01 | $16.69 | $33.51 |
Institutional 2 Class | |||
Net assets | $51,804,593 | $169,246,295 | $25,881,901 |
Shares outstanding | 1,425,785 | 10,053,058 | 763,035 |
Net asset value per share(c) | $36.33 | $16.84 | $33.92 |
Institutional 3 Class | |||
Net assets | $28,694,011 | $15,580,770 | $60,335 |
Shares outstanding | 790,337 | 927,381 | 1,807 |
Net asset value per share(c) | $36.31 | $16.80 | $33.38(d) |
(a) | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
(b) | On sales of $50,000 or more the offering price is reduced. |
(c) | Redemption price per share is equal to net asset value. |
(d) | Net asset value per share rounds to this amount due to fractional shares outstanding. |
56 | Columbia Acorn Family of Funds | Annual Report 2021 |
Year Ended December 31, 2021
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Net investment income | |||
Income: | |||
Dividends — unaffiliated issuers | $9,836,968 | $33,079,359 | $987,408 |
Dividends — affiliated issuers | 1,615,316 | 35,467 | 6,269 |
Income from securities lending — net | 2,312,817 | 367,236 | 194,538 |
Foreign taxes withheld | (24,613) | (2,425,919) | (2,492) |
Total income | 13,740,488 | 31,056,143 | 1,185,723 |
Expenses: | |||
Investment advisory fee | 32,530,585 | 19,533,295 | 3,011,389 |
Distribution and/or service fees | |||
Class A | 2,470,521 | 724,440 | 146,378 |
Class C | 362,402 | 139,535 | 21,508 |
Class R | — | 17,201 | — |
Transfer agent fees | |||
Class A | 790,130 | 280,799 | 60,040 |
Advisor Class | 35,199 | 12,092 | 25,593 |
Class C | 29,062 | 13,626 | 2,206 |
Institutional Class | 2,902,980 | 1,723,130 | 184,432 |
Institutional 2 Class | 32,971 | 76,392 | 2,126 |
Institutional 3 Class | 6,206 | 12,265 | 3,090 |
Class R | — | 3,331 | — |
Administration fees | 2,324,934 | 1,179,111 | 156,104 |
Trustees’ fees | 438,137 | 231,741 | 29,784 |
Custodian fees | 32,637 | 380,591 | 9,327 |
Printing and postage fees | 104,745 | 90,376 | 24,861 |
Registration fees | 109,612 | 107,911 | 87,646 |
Audit fees | 25,920 | 106,749 | 27,343 |
Legal fees | 667,207 | 335,566 | 45,064 |
Line of credit interest | — | — | 1,454 |
Compensation of chief compliance officer | 16,953 | 7,978 | 1,182 |
Other | 259,766 | 145,314 | 27,028 |
Total expenses | 43,139,967 | 25,121,443 | 3,866,555 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | — | (376,336) | (19,062) |
Fees waived by transfer agent | |||
Institutional 2 Class | (3,081) | (21,001) | (674) |
Institutional 3 Class | — | (12,265) | (3,090) |
Expense reduction | (5,161) | (4,960) | (720) |
Total net expenses | 43,131,725 | 24,706,881 | 3,843,009 |
Net investment income (loss) | (29,391,237) | 6,349,262 | (2,657,286) |
Realized and unrealized gain (loss) — net | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers | 1,099,695,646 | 296,531,448 | 86,736,519 |
Investments — affiliated issuers | (7,948,741) | (3,531) | 48 |
Foreign currency translations | 840 | (453,821) | (150) |
Futures contracts | (2,338,271) | 654,234 | 142,295 |
Net realized gain | 1,089,409,474 | 296,728,330 | 86,878,712 |
Net change in unrealized appreciation (depreciation) on: | |||
Investments — unaffiliated issuers | (641,431,919) | (2,174,813) | (52,708,232) |
Investments — affiliated issuers | 3,068,539 | — | (825) |
Foreign currency translations | — | (88,396) | — |
Futures contracts | — | (1,142,509) | — |
Net change in unrealized appreciation (depreciation) | (638,363,380) | (3,405,718) | (52,709,057) |
Net realized and unrealized gain | 451,046,094 | 293,322,612 | 34,169,655 |
Net increase in net assets resulting from operations | $421,654,857 | $299,671,874 | $31,512,369 |
Columbia Acorn Family of Funds | Annual Report 2021 | 57 |
Year Ended December 31, 2021
Columbia Acorn International SelectSM | Columbia Thermostat FundSM | Columbia Acorn European FundSM | |
Net investment income | |||
Income: | |||
Dividends — unaffiliated issuers | $5,738,001 | $— | $1,738,420 |
Dividends — affiliated issuers | 4,022 | 35,837,096 | 2,437 |
Income from securities lending — net | 27,055 | — | 3,772 |
Foreign taxes withheld | (505,494) | — | (159,885) |
Total income | 5,263,584 | 35,837,096 | 1,584,744 |
Expenses: | |||
Investment advisory fee | 4,342,199 | 2,037,101 | 1,796,167 |
Distribution and/or service fees | |||
Class A | 587,856 | 1,514,500 | 137,142 |
Class C | 24,577 | 1,955,747 | 58,318 |
Transfer agent fees | |||
Class A | 347,749 | 592,008 | 48,977 |
Advisor Class | 3,899 | 160,715 | 2,638 |
Class C | 3,648 | 191,010 | 5,225 |
Institutional Class | 234,751 | 851,331 | 75,365 |
Institutional 2 Class | 33,841 | 102,778 | 9,220 |
Institutional 3 Class | 1,402 | 1,189 | 13 |
Administration fees | 232,872 | 972,231 | 78,489 |
Trustees’ fees | 115,613 | 243,397 | 17,565 |
Custodian fees | 88,788 | 2,576 | 37,781 |
Printing and postage fees | 58,830 | 109,620 | 20,762 |
Registration fees | 92,629 | 168,523 | 95,448 |
Audit fees | 57,279 | 8,843 | 27,343 |
Legal fees | 66,522 | 280,906 | 22,394 |
Line of credit interest | 193 | 5,186 | 1,100 |
Compensation of chief compliance officer | 1,730 | 7,002 | 565 |
Other | 46,982 | 94,367 | 23,149 |
Total expenses | 6,341,360 | 9,299,030 | 2,457,661 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (1,037,358) | (869,098) | (310,320) |
Fees waived by transfer agent | |||
Institutional 2 Class | — | — | (2,745) |
Institutional 3 Class | — | — | (13) |
Expense reduction | (7,690) | (160) | (20) |
Total net expenses | 5,296,312 | 8,429,772 | 2,144,563 |
Net investment income (loss) | (32,728) | 27,407,324 | (559,819) |
Realized and unrealized gain (loss) — net | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers | 33,780,732 | — | (171,276) |
Investments — affiliated issuers | (733) | 236,586,235 | (482) |
Capital gain distributions from underlying affiliated funds | — | 32,180,334 | — |
Foreign currency translations | (123,730) | — | (9,711) |
Net realized gain (loss) | 33,656,269 | 268,766,569 | (181,469) |
Net change in unrealized appreciation (depreciation) on: | |||
Investments — unaffiliated issuers | 15,145,192 | — | 28,919,913 |
Investments — affiliated issuers | — | (179,749,247) | — |
Foreign currency translations | (37,786) | — | (9,952) |
Net change in unrealized appreciation (depreciation) | 15,107,406 | (179,749,247) | 28,909,961 |
Net realized and unrealized gain | 48,763,675 | 89,017,322 | 28,728,492 |
Net increase in net assets resulting from operations | $48,730,947 | $116,424,646 | $28,168,673 |
58 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn® Fund | Columbia Acorn International® | |||
Year Ended December 31, 2021 | Year Ended December 31, 2020 | Year Ended December 31, 2021 | Year Ended December 31, 2020 | |
Operations | ||||
Net investment income (loss) | $(29,391,237) | $(14,975,252) | $6,349,262 | $10,414,660 |
Net realized gain | 1,089,409,474 | 680,585,296 | 296,728,330 | 271,270,947 |
Net change in unrealized appreciation (depreciation) | (638,363,380) | 465,103,053 | (3,405,718) | 22,746,058 |
Net increase in net assets resulting from operations | 421,654,857 | 1,130,713,097 | 299,671,874 | 304,431,665 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (263,150,366) | (150,373,734) | (40,052,526) | (34,334,393) |
Advisor Class | (8,201,757) | (5,281,322) | (1,374,206) | (2,890,397) |
Class C | (5,787,484) | (14,567,713) | (1,615,464) | (2,457,496) |
Institutional Class | (758,479,695) | (438,953,007) | (254,146,337) | (221,646,811) |
Institutional 2 Class | (10,983,732) | (6,996,582) | (20,003,620) | (18,032,639) |
Institutional 3 Class | (16,278,812) | (16,279,584) | (26,466,011) | (33,290,405) |
Class R | — | — | (491,746) | (402,136) |
Total distributions to shareholders | (1,062,881,846) | (632,451,942) | (344,149,910) | (313,054,277) |
Increase (decrease) in net assets from capital stock activity | 300,010,089 | 212,416,503 | (113,274,517) | (208,084,940) |
Total increase (decrease) in net assets | (341,216,900) | 710,677,658 | (157,752,553) | (216,707,552) |
Net assets at beginning of year | 4,869,840,570 | 4,159,162,912 | 2,497,540,626 | 2,714,248,178 |
Net assets at end of year | $4,528,623,670 | $4,869,840,570 | $2,339,788,073 | $2,497,540,626 |
Columbia Acorn Family of Funds | Annual Report 2021 | 59 |
Columbia Acorn USA® | Columbia Acorn International SelectSM | |||
Year Ended December 31, 2021 | Year Ended December 31, 2020 | Year Ended December 31, 2021 | Year Ended December 31, 2020 | |
Operations | ||||
Net investment income (loss) | $(2,657,286) | $(1,924,191) | $(32,728) | $203,776 |
Net realized gain (loss) | 86,878,712 | 17,300,637 | 33,656,269 | (3,009,188) |
Net change in unrealized appreciation (depreciation) | (52,709,057) | 47,282,562 | 15,107,406 | 82,996,337 |
Net increase in net assets resulting from operations | 31,512,369 | 62,659,008 | 48,730,947 | 80,190,925 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (17,031,591) | (3,334,546) | (10,962,872) | (137,241) |
Advisor Class | (5,338,855) | (927,003) | (121,956) | (6,211) |
Class C | (429,752) | (298,962) | (93,404) | (6,451) |
Institutional Class | (41,782,773) | (7,684,936) | (7,965,017) | (262,018) |
Institutional 2 Class | (727,072) | (135,059) | (2,689,582) | (225,716) |
Institutional 3 Class | (10,854,053) | (3,102,308) | (1,456,872) | (53,063) |
Total distributions to shareholders | (76,164,096) | (15,482,814) | (23,289,703) | (690,700) |
Increase (decrease) in net assets from capital stock activity | 10,790,642 | (20,411,506) | (41,489,686) | 268,475,687 |
Total increase (decrease) in net assets | (33,861,085) | 26,764,688 | (16,048,442) | 347,975,912 |
Net assets at beginning of year | 336,162,995 | 309,398,307 | 496,134,543 | 148,158,631 |
Net assets at end of year | $302,301,910 | $336,162,995 | $480,086,101 | $496,134,543 |
60 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Thermostat FundSM | Columbia Acorn European FundSM | |||
Year Ended December 31, 2021 | Year Ended December 31, 2020 | Year Ended December 31, 2021 | Year Ended December 31, 2020 | |
Operations | ||||
Net investment income (loss) | $27,407,324 | $17,824,496 | $(559,819) | $(367,657) |
Net realized gain (loss) | 268,766,569 | 105,933,366 | (181,469) | 3,830,745 |
Net change in unrealized appreciation (depreciation) | (179,749,247) | 162,365,695 | 28,909,961 | 11,494,745 |
Net increase in net assets resulting from operations | 116,424,646 | 286,123,557 | 28,168,673 | 14,957,833 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (80,263,851) | (29,853,089) | (114,318) | (160,959) |
Advisor Class | (22,778,179) | (7,487,768) | (12,346) | (7,030) |
Class C | (23,284,536) | (11,618,991) | — | (30,429) |
Institutional Class | (121,876,270) | (44,952,118) | (446,763) | (199,953) |
Institutional 2 Class | (23,468,843) | (7,900,364) | (117,513) | (22,104) |
Institutional 3 Class | (1,952,903) | (182,364) | (292) | (21) |
Total distributions to shareholders | (273,624,582) | (101,994,694) | (691,232) | (420,496) |
Increase in net assets from capital stock activity | 525,118,998 | 797,756,258 | 77,822,786 | 839,659 |
Total increase in net assets | 367,919,062 | 981,885,121 | 105,300,227 | 15,376,996 |
Net assets at beginning of year | 1,706,273,893 | 724,388,772 | 108,639,193 | 93,262,197 |
Net assets at end of year | $2,074,192,955 | $1,706,273,893 | $213,939,420 | $108,639,193 |
Columbia Acorn Family of Funds | Annual Report 2021 | 61 |
Columbia Acorn® Fund | Columbia Acorn International® | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | |||||
Shares | Dollars ($) | Shares(a) | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 5,982,210 | 71,946,347 | 4,688,264 | 54,407,624 | 525,959 | 18,837,295 | 435,640 | 13,349,899 |
Fund reorganization | — | — | 7,633,122 | 86,559,646 | — | — | 401,457 | 12,160,120 |
Distributions reinvested | 23,766,788 | 239,307,360 | 11,451,072 | 137,106,865 | 1,182,480 | 38,446,481 | 1,022,070 | 32,891,134 |
Redemptions | (15,366,129) | (195,707,426) | (15,492,356) | (179,323,557) | (1,469,807) | (52,814,377) | (2,598,676) | (79,701,674) |
Net increase (decrease) | 14,382,869 | 115,546,281 | 8,280,102 | 98,750,578 | 238,632 | 4,469,399 | (739,509) | (21,300,521) |
Advisor Class | ||||||||
Subscriptions | 418,484 | 7,441,995 | 462,475 | 7,310,751 | 45,084 | 1,658,003 | 505,382 | 16,108,591 |
Fund reorganization | — | — | 86,140 | 1,315,365 | — | — | 10,583 | 325,654 |
Distributions reinvested | 456,762 | 6,995,207 | 279,871 | 4,586,563 | 41,395 | 1,374,206 | 88,709 | 2,890,336 |
Redemptions | (794,625) | (14,613,929) | (1,179,579) | (18,249,135) | (457,336) | (16,418,304) | (326,695) | (10,135,796) |
Net increase (decrease) | 80,621 | (176,727) | (351,093) | (5,036,456) | (370,857) | (13,386,095) | 277,979 | 9,188,785 |
Class C | ||||||||
Subscriptions | 120,678 | 1,999,707 | 202,898 | 2,992,920 | 26,738 | 858,219 | 21,414 | 615,973 |
Fund reorganization | — | — | 139,092 | 1,964,002 | — | — | 206,250 | 5,785,299 |
Distributions reinvested | 418,581 | 5,742,544 | 965,200 | 14,020,819 | 54,287 | 1,610,276 | 81,909 | 2,439,825 |
Redemptions | (2,211,079) | (37,166,378) | (2,038,003) | (30,727,957) | (361,954) | (11,928,781) | (260,624) | (7,549,238) |
Net increase (decrease) | (1,671,820) | (29,424,127) | (730,813) | (11,750,216) | (280,929) | (9,460,286) | 48,949 | 1,291,859 |
Institutional Class | ||||||||
Subscriptions | 4,017,788 | 66,770,286 | 4,362,457 | 64,578,049 | 1,856,604 | 64,984,126 | 2,231,454 | 67,688,698 |
Fund reorganization | — | — | 8,169,626 | 117,887,709 | — | — | 435,556 | 13,232,202 |
Distributions reinvested | 49,029,210 | 694,440,015 | 26,042,782 | 403,676,921 | 6,346,780 | 207,227,903 | 5,578,841 | 180,071,314 |
Redemptions | (28,170,590) | (472,694,167) | (35,542,945) | (518,688,814) | (7,403,458) | (266,653,814) | (14,024,302) | (429,532,164) |
Net increase (decrease) | 24,876,408 | 288,516,134 | 3,031,920 | 67,453,865 | 799,926 | 5,558,215 | (5,778,451) | (168,539,950) |
Institutional 2 Class | ||||||||
Subscriptions | 499,108 | 9,331,106 | 817,139 | 12,495,019 | 769,576 | 27,594,261 | 642,789 | 20,785,644 |
Fund reorganization | — | — | 204,341 | 3,157,067 | — | — | 8,252 | 250,540 |
Distributions reinvested | 706,732 | 10,980,954 | 420,207 | 6,994,417 | 292,244 | 9,532,906 | 265,894 | 8,594,008 |
Redemptions | (1,236,384) | (22,900,725) | (1,318,362) | (20,493,897) | (1,003,375) | (36,329,973) | (2,525,963) | (80,967,049) |
Net increase (decrease) | (30,544) | (2,588,665) | 123,325 | 2,152,606 | 58,445 | 797,194 | (1,609,028) | (51,336,857) |
Institutional 3 Class | ||||||||
Subscriptions | 1,316,568 | 24,299,474 | 6,783,381 | 92,424,393 | 1,798,774 | 66,229,977 | 3,467,150 | 93,267,502 |
Fund reorganization | — | — | 367,453 | 5,746,856 | — | — | 20,109 | 619,153 |
Distributions reinvested | 1,022,162 | 16,168,756 | 956,314 | 16,224,539 | 735,758 | 24,286,390 | 775,293 | 25,432,820 |
Redemptions | (5,936,701) | (112,331,037) | (3,659,083) | (53,549,662) | (5,148,935) | (192,165,037) | (3,234,167) | (96,540,634) |
Net increase (decrease) | (3,597,971) | (71,862,807) | 4,448,065 | 60,846,126 | (2,614,403) | (101,648,670) | 1,028,385 | 22,778,841 |
Class R | ||||||||
Subscriptions | — | — | — | — | 17,904 | 666,373 | 12,442 | 384,006 |
Distributions reinvested | — | — | — | — | 15,168 | 491,746 | 12,421 | 399,796 |
Redemptions | — | — | — | — | (21,131) | (762,393) | (33,602) | (950,899) |
Net increase (decrease) | — | — | — | — | 11,941 | 395,726 | (8,739) | (167,097) |
Total net increase (decrease) | 34,039,563 | 300,010,089 | 14,801,506 | 212,416,503 | (2,157,245) | (113,274,517) | (6,780,414) | (208,084,940) |
(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 2021 |
Columbia Acorn USA® | Columbia Acorn International SelectSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | |||||
Shares | Dollars ($) | Shares(a) | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 304,197 | 3,931,345 | 346,060 | 3,817,424 | 297,746 | 10,412,479 | 628,129 | 16,436,706 |
Fund reorganization | — | — | — | — | — | — | 5,674,674 | 165,360,417 |
Distributions reinvested | 1,601,884 | 16,216,954 | 266,526 | 3,190,992 | 296,896 | 10,055,469 | 5,030 | 134,560 |
Redemptions | (1,023,646) | (14,153,596) | (1,104,170) | (11,907,742) | (805,715) | (28,236,000) | (771,815) | (20,777,304) |
Net increase (decrease) | 882,435 | 5,994,703 | (491,584) | (4,899,326) | (211,073) | (7,768,052) | 5,536,018 | 161,154,379 |
Advisor Class | ||||||||
Subscriptions | 129,536 | 2,717,808 | 219,087 | 3,501,300 | 13,489 | 488,352 | 34,327 | 949,659 |
Fund reorganization | — | — | — | — | — | — | 13,886 | 415,049 |
Distributions reinvested | 329,508 | 5,338,855 | 54,222 | 927,003 | 3,497 | 121,768 | 226 | 6,202 |
Redemptions | (188,579) | (3,873,759) | (251,565) | (3,745,560) | (28,744) | (1,028,388) | (38,301) | (1,005,492) |
Net increase (decrease) | 270,465 | 4,182,904 | 21,744 | 682,743 | (11,758) | (418,268) | 10,138 | 365,418 |
Class C | ||||||||
Subscriptions | 11,681 | 227,915 | 20,827 | 297,879 | 7,563 | 241,176 | 11,506 | 302,527 |
Fund reorganization | — | — | — | — | — | — | 51,121 | 1,349,083 |
Distributions reinvested | 28,737 | 429,313 | 19,743 | 289,386 | 3,065 | 93,006 | 265 | 6,424 |
Redemptions | (66,603) | (1,284,123) | (87,933) | (1,291,382) | (50,207) | (1,577,049) | (51,813) | (1,235,107) |
Net increase (decrease) | (26,185) | (626,895) | (47,363) | (704,117) | (39,579) | (1,242,867) | 11,079 | 422,927 |
Institutional Class | ||||||||
Subscriptions | 466,246 | 8,703,797 | 310,344 | 4,280,049 | 336,387 | 11,967,996 | 550,028 | 15,266,316 |
Fund reorganization | — | — | — | — | — | — | 2,384,285 | 70,622,469 |
Distributions reinvested | 2,718,115 | 39,971,652 | 466,504 | 7,368,960 | 206,883 | 7,130,545 | 8,639 | 234,705 |
Redemptions | (1,266,859) | (22,954,249) | (1,704,651) | (24,375,489) | (632,053) | (22,509,312) | (1,480,207) | (42,408,722) |
Net increase (decrease) | 1,917,502 | 25,721,200 | (927,803) | (12,726,480) | (88,783) | (3,410,771) | 1,462,745 | 43,714,768 |
Institutional 2 Class | ||||||||
Subscriptions | 62,684 | 1,319,886 | 50,915 | 759,419 | 45,098 | 1,648,451 | 2,597,666 | 67,295,084 |
Fund reorganization | — | — | — | — | — | — | 27,450 | 820,474 |
Distributions reinvested | 44,190 | 726,755 | 7,827 | 135,002 | 77,216 | 2,689,582 | 8,235 | 225,716 |
Redemptions | (81,033) | (1,693,362) | (118,538) | (1,926,685) | (935,896) | (33,189,189) | (509,998) | (14,522,127) |
Net increase (decrease) | 25,841 | 353,279 | (59,796) | (1,032,264) | (813,582) | (28,851,156) | 2,123,353 | 53,819,147 |
Institutional 3 Class | ||||||||
Subscriptions | 571,882 | 12,216,299 | 462,738 | 7,546,284 | 81,741 | 2,892,773 | 437,355 | 12,374,906 |
Fund reorganization | — | — | — | — | — | — | 152,649 | 4,559,646 |
Distributions reinvested | 650,390 | 10,837,536 | 177,436 | 3,099,067 | 41,832 | 1,454,524 | 1,931 | 52,896 |
Redemptions | (2,150,296) | (47,888,384) | (804,052) | (12,377,413) | (116,418) | (4,145,869) | (283,180) | (7,988,400) |
Net increase (decrease) | (928,024) | (24,834,549) | (163,878) | (1,732,062) | 7,155 | 201,428 | 308,755 | 8,999,048 |
Total net increase (decrease) | 2,142,034 | 10,790,642 | (1,668,680) | (20,411,506) | (1,157,620) | (41,489,686) | 9,452,088 | 268,475,687 |
(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 2021 | 63 |
Columbia Thermostat FundSM | Columbia Acorn European FundSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 13,658,871 | 258,098,220 | 17,213,419 | 298,463,150 | 959,587 | 29,875,035 | 753,063 | 17,268,947 |
Distributions reinvested | 4,372,709 | 75,185,933 | 1,520,872 | 27,445,861 | 3,639 | 114,289 | 7,687 | 160,744 |
Redemptions | (8,921,161) | (167,460,803) | (6,025,996) | (102,931,026) | (501,562) | (15,663,044) | (712,243) | (14,706,843) |
Net increase | 9,110,419 | 165,823,350 | 12,708,295 | 222,977,985 | 461,664 | 14,326,280 | 48,507 | 2,722,848 |
Advisor Class | ||||||||
Subscriptions | 6,093,506 | 114,247,815 | 6,863,588 | 119,997,025 | 120,472 | 3,957,317 | 20,311 | 460,105 |
Distributions reinvested | 1,338,083 | 22,736,494 | 415,096 | 7,440,017 | 388 | 12,325 | 332 | 7,010 |
Redemptions | (4,415,649) | (82,862,865) | (1,136,463) | (18,534,553) | (93,445) | (2,989,540) | (40,465) | (719,702) |
Net increase (decrease) | 3,015,940 | 54,121,444 | 6,142,221 | 108,902,489 | 27,415 | 980,102 | (19,822) | (252,587) |
Class C | ||||||||
Subscriptions | 3,926,971 | 74,641,306 | 4,134,190 | 72,312,804 | 69,074 | 2,141,558 | 10,212 | 224,937 |
Distributions reinvested | 1,266,735 | 21,949,471 | 597,023 | 10,828,046 | — | — | 1,483 | 30,396 |
Redemptions | (5,444,288) | (102,926,754) | (3,641,561) | (62,976,289) | (62,866) | (1,823,948) | (78,350) | (1,572,649) |
Net increase (decrease) | (250,582) | (6,335,977) | 1,089,652 | 20,164,561 | 6,208 | 317,610 | (66,655) | (1,317,316) |
Institutional Class | ||||||||
Subscriptions | 23,405,839 | 433,982,285 | 26,620,852 | 453,014,337 | 1,874,052 | 58,837,993 | 810,554 | 18,752,767 |
Distributions reinvested | 6,038,529 | 101,815,509 | 2,026,638 | 36,002,075 | 13,945 | 440,394 | 9,440 | 198,135 |
Redemptions | (15,840,307) | (291,081,612) | (7,335,717) | (120,216,003) | (557,815) | (17,639,234) | (1,020,779) | (19,997,548) |
Net increase (decrease) | 13,604,061 | 244,716,182 | 21,311,773 | 368,800,409 | 1,330,182 | 41,639,153 | (200,785) | (1,046,646) |
Institutional 2 Class | ||||||||
Subscriptions | 8,585,734 | 161,733,267 | 6,788,489 | 114,076,072 | 965,317 | 31,689,444 | 221,913 | 4,629,697 |
Distributions reinvested | 1,375,116 | 23,468,768 | 441,392 | 7,900,050 | 3,676 | 117,489 | 1,040 | 22,084 |
Redemptions | (7,028,851) | (132,937,074) | (2,828,659) | (46,801,458) | (343,736) | (11,227,611) | (180,402) | (3,964,044) |
Net increase | 2,931,999 | 52,264,961 | 4,401,222 | 75,174,664 | 625,257 | 20,579,322 | 42,551 | 687,737 |
Institutional 3 Class | ||||||||
Subscriptions | 810,188 | 15,437,620 | 118,904 | 2,017,296 | 681 | 21,164 | 2,370 | 58,624 |
Distributions reinvested | 115,933 | 1,952,462 | 10,200 | 182,140 | 9 | 265 | — | — |
Redemptions | (156,737) | (2,861,044) | (27,055) | (463,286) | (1,377) | (41,110) | (742) | (13,001) |
Net increase (decrease) | 769,384 | 14,529,038 | 102,049 | 1,736,150 | (687) | (19,681) | 1,628 | 45,623 |
Total net increase (decrease) | 29,181,221 | 525,118,998 | 45,755,212 | 797,756,258 | 2,450,039 | 77,822,786 | (194,576) | 839,659 |
64 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn® Fund
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Year Ended 12/31/2021 | $12.69 | (0.10) | 1.07 | 0.97 | (0.14) | (3.51) | (3.65) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2021 | $17.65 | (0.10) | 1.54 | 1.44 | (0.13) | (3.59) | (3.72) |
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) |
Class C(d) | |||||||
Year Ended 12/31/2021 | $16.14 | (0.26) | 1.40 | 1.14 | (0.13) | (3.43) | (3.56) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2021 | $16.60 | (0.09) | 1.43 | 1.34 | (0.13) | (3.59) | (3.72) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2021 | $17.88 | (0.10) | 1.57 | 1.47 | (0.13) | (3.60) | (3.73) |
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) |
66 | Columbia Acorn Family of Funds | Annual Report 2021 |
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 12/31/2021 | $10.01 | 8.79% | 1.08% | 1.08%(b) | (0.80%) | 75% | $919,643 |
Year Ended 12/31/2020 | $12.69 | 29.18%(c) | 1.11% | 1.11%(b) | (0.56%) | 86% | $983,709 |
Year Ended 12/31/2019 | $11.71 | 26.21%(c) | 1.11% | 1.10%(b) | (0.30%) | 101% | $810,966 |
Year Ended 12/31/2018 | $10.65 | (5.22%)(c) | 1.10% | 1.08%(b) | (0.20%) | 66% | $768,031 |
Year Ended 12/31/2017 | $12.92 | 24.91% | 1.09% | 1.08%(b) | (0.13%) | 72% | $830,454 |
Advisor Class | |||||||
Year Ended 12/31/2021 | $15.37 | 9.03% | 0.83% | 0.83%(b) | (0.55%) | 75% | $39,676 |
Year Ended 12/31/2020 | $17.65 | 29.44%(c) | 0.86% | 0.86%(b) | (0.30%) | 86% | $44,139 |
Year Ended 12/31/2019 | $15.52 | 26.58%(c) | 0.86% | 0.85%(b) | (0.05%) | 101% | $44,248 |
Year Ended 12/31/2018 | $13.63 | (5.00%)(c) | 0.85% | 0.83%(b) | 0.05% | 66% | $40,425 |
Year Ended 12/31/2017 | $16.06 | 25.19% | 0.84% | 0.83%(b) | 0.12% | 72% | $38,588 |
Class C(d) | |||||||
Year Ended 12/31/2021 | $13.72 | 7.95% | 1.83% | 1.83%(b) | (1.54%) | 75% | $24,546 |
Year Ended 12/31/2020 | $16.14 | 28.27%(c) | 1.86% | 1.86%(b) | (1.30%) | 86% | $55,861 |
Year Ended 12/31/2019 | $16.57 | 25.12%(c) | 1.86% | 1.85%(b) | (1.05%) | 101% | $69,471 |
Year Ended 12/31/2018 | $18.75 | (5.86%)(c) | 1.85% | 1.82%(b) | (0.94%) | 66% | $81,149 |
Year Ended 12/31/2017 | $26.34 | 23.88% | 1.84% | 1.83%(b) | (0.88%) | 72% | $246,450 |
Institutional Class | |||||||
Year Ended 12/31/2021 | $14.22 | 8.99% | 0.83% | 0.83%(b) | (0.55%) | 75% | $3,413,006 |
Year Ended 12/31/2020 | $16.60 | 29.51%(c) | 0.86% | 0.86%(b) | (0.30%) | 86% | $3,569,794 |
Year Ended 12/31/2019 | $14.70 | 26.60%(c) | 0.86% | 0.85%(b) | (0.05%) | 101% | $3,117,486 |
Year Ended 12/31/2018 | $12.98 | (5.09%)(c) | 0.85% | 0.83%(b) | 0.05% | 66% | $2,816,948 |
Year Ended 12/31/2017 | $15.39 | 25.24% | 0.84% | 0.83%(b) | 0.12% | 72% | $3,407,214 |
Institutional 2 Class | |||||||
Year Ended 12/31/2021 | $15.62 | 9.09%(c) | 0.80% | 0.80% | (0.52%) | 75% | $52,797 |
Year Ended 12/31/2020 | $17.88 | 29.50%(c) | 0.83% | 0.82% | (0.27%) | 86% | $61,000 |
Year Ended 12/31/2019 | $15.69 | 26.63%(c) | 0.83% | 0.82% | (0.02%) | 101% | $51,584 |
Year Ended 12/31/2018 | $13.76 | (5.00%)(c) | 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 |
Columbia Acorn Family of Funds | Annual Report 2021 | 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 investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Year Ended 12/31/2021 | $18.12 | (0.09) | 1.60 | 1.51 | (0.14) | (3.61) | (3.75) |
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) |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(c) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(d) | 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. |
(e) | Rounds to zero. |
68 | Columbia Acorn Family of Funds | Annual Report 2021 |
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 12/31/2021 | $15.88 | 9.16% | 0.75% | 0.75% | (0.46%) | 75% | $78,955 |
Year Ended 12/31/2020 | $18.12 | 29.54%(c) | 0.78% | 0.78% | (0.25%) | 86% | $155,338 |
Year Ended 12/31/2019 | $15.87 | 26.74%(c) | 0.78% | 0.77% | 0.03% | 101% | $65,408 |
Year Ended 12/31/2018 | $13.89 | (4.98%)(c) | 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 |
Columbia Acorn Family of Funds | Annual Report 2021 | 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 12/31/2021 | $34.31 | 0.01 | 4.08 | 4.09 | (0.38) | (4.83) | (5.21) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2021 | $34.95 | 0.05 | 4.20 | 4.25 | (0.55) | (4.83) | (5.38) |
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) |
Class C | |||||||
Year Ended 12/31/2021 | $31.43 | (0.24) | 3.72 | 3.48 | (0.01) | (4.83) | (4.84) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2021 | $34.47 | 0.10 | 4.09 | 4.19 | (0.55) | (4.83) | (5.38) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2021 | $34.46 | 0.12 | 4.09 | 4.21 | (0.59) | (4.83) | (5.42) |
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) |
Institutional 3 Class | |||||||
Year Ended 12/31/2021 | $34.99 | 0.15 | 4.14 | 4.29 | (0.62) | (4.83) | (5.45) |
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) |
70 | Columbia Acorn Family of Funds | Annual Report 2021 |
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 12/31/2021 | $33.19 | 12.63%(b) | 1.24% | 1.23%(c) | 0.03% | 27% | $282,125 |
Year Ended 12/31/2020 | $34.31 | 14.68%(b) | 1.28%(d) | 1.24%(c),(d) | 0.21% | 55% | $283,478 |
Year Ended 12/31/2019 | $34.20 | 29.56%(b) | 1.27%(d) | 1.24%(c),(d) | 0.76% | 32% | $307,872 |
Year Ended 12/31/2018 | $29.48 | (16.13%)(b) | 1.25%(d) | 1.24%(c),(d) | 0.51% | 32% | $296,349 |
Year Ended 12/31/2017 | $46.51 | 31.91% | 1.23% | 1.20%(c) | 0.56% | 37% | $465,830 |
Advisor Class | |||||||
Year Ended 12/31/2021 | $33.82 | 12.88%(b) | 0.99% | 0.98%(c) | 0.14% | 27% | $9,279 |
Year Ended 12/31/2020 | $34.95 | 14.98%(b) | 1.03%(d) | 0.99%(c),(d) | 0.52% | 55% | $22,549 |
Year Ended 12/31/2019 | $34.67 | 29.86%(b) | 1.02%(d) | 0.99%(c),(d) | 1.00% | 32% | $12,733 |
Year Ended 12/31/2018 | $29.84 | (15.90%)(b) | 1.00%(d) | 0.99%(c),(d) | 0.97% | 32% | $12,740 |
Year Ended 12/31/2017 | $46.95 | 32.21% | 0.98% | 0.98%(c) | 0.81% | 37% | $99,578 |
Class C | |||||||
Year Ended 12/31/2021 | $30.07 | 11.76%(b) | 1.99% | 1.98%(c) | (0.74%) | 27% | $10,687 |
Year Ended 12/31/2020 | $31.43 | 13.82%(b) | 2.02%(d) | 1.99%(c),(d) | (0.57%) | 55% | $19,998 |
Year Ended 12/31/2019 | $31.92 | 28.61%(b) | 2.02%(d) | 2.00%(c),(d) | 0.01% | 32% | $18,749 |
Year Ended 12/31/2018 | $27.63 | (16.76%)(b) | 2.00%(d) | 1.99%(c),(d) | (0.11%) | 32% | $22,817 |
Year Ended 12/31/2017 | $44.57 | 30.93% | 1.98% | 1.97%(c) | (0.15%) | 37% | $63,787 |
Institutional Class | |||||||
Year Ended 12/31/2021 | $33.28 | 12.89%(b) | 0.99% | 0.98%(c) | 0.28% | 27% | $1,727,042 |
Year Ended 12/31/2020 | $34.47 | 14.99%(b) | 1.03%(d) | 0.99%(c),(d) | 0.46% | 55% | $1,760,927 |
Year Ended 12/31/2019 | $34.25 | 29.89%(b) | 1.02%(d) | 0.99%(c),(d) | 1.01% | 32% | $1,947,995 |
Year Ended 12/31/2018 | $29.51 | (15.93%)(b) | 1.00%(d) | 0.99%(c),(d) | 0.76% | 32% | $1,824,055 |
Year Ended 12/31/2017 | $46.57 | 32.24% | 0.98% | 0.98%(c) | 0.85% | 37% | $3,116,383 |
Institutional 2 Class | |||||||
Year Ended 12/31/2021 | $33.25 | 12.97%(b) | 0.95% | 0.92% | 0.34% | 27% | $126,973 |
Year Ended 12/31/2020 | $34.46 | 15.06%(b) | 0.97%(d) | 0.92%(d) | 0.53% | 55% | $129,576 |
Year Ended 12/31/2019 | $34.22 | 29.95%(b) | 0.97%(d) | 0.93%(d) | 1.06% | 32% | $183,763 |
Year Ended 12/31/2018 | $29.49 | (15.85%)(b) | 0.93%(d) | 0.93%(d) | 0.81% | 32% | $160,488 |
Year Ended 12/31/2017 | $46.54 | 32.27% | 0.93% | 0.93% | 0.87% | 37% | $422,916 |
Institutional 3 Class | |||||||
Year Ended 12/31/2021 | $33.83 | 13.00%(b) | 0.90% | 0.88% | 0.40% | 27% | $179,991 |
Year Ended 12/31/2020 | $34.99 | 15.10%(b) | 0.93%(d) | 0.88%(d) | 0.60% | 55% | $277,614 |
Year Ended 12/31/2019 | $34.67 | 30.04%(b) | 0.92%(d) | 0.89%(d) | 1.12% | 32% | $239,441 |
Year Ended 12/31/2018 | $29.83 | (15.82%)(b) | 0.88%(d) | 0.88%(d) | 1.10% | 32% | $198,933 |
Year Ended 12/31/2017 | $46.95 | 32.36% | 0.88% | 0.88% | 0.89% | 37% | $725,247 |
Columbia Acorn Family of Funds | Annual Report 2021 | 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 12/31/2021 | $34.24 | (0.08) | 4.07 | 3.99 | (0.21) | (4.83) | (5.04) |
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) |
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. |
72 | Columbia Acorn Family of Funds | Annual Report 2021 |
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 12/31/2021 | $33.19 | 12.34%(b) | 1.49% | 1.48%(c) | (0.22%) | 27% | $3,691 |
Year Ended 12/31/2020 | $34.24 | 14.40%(b) | 1.53%(d) | 1.49%(c),(d) | (0.04%) | 55% | $3,398 |
Year Ended 12/31/2019 | $34.22 | 29.21%(b) | 1.52%(d) | 1.50%(c),(d) | 0.19% | 32% | $3,696 |
Year Ended 12/31/2018 | $29.44 | (16.32%)(b) | 1.50%(d) | 1.49%(c),(d) | 0.26% | 32% | $10,049 |
Year Ended 12/31/2017 | $46.51 | 31.58% | 1.49% | 1.48%(c) | 0.46% | 37% | $13,218 |
Columbia Acorn Family of Funds | Annual Report 2021 | 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 12/31/2021 | $13.58 | (0.15) | 1.20 | 1.05 | (0.12) | (4.37) | (4.49) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2021 | $19.32 | (0.16) | 1.75 | 1.59 | (0.13) | (4.41) | (4.54) |
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) |
Class C(e) | |||||||
Year Ended 12/31/2021 | $18.14 | (0.34) | 1.64 | 1.30 | (0.13) | (4.28) | (4.41) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2021 | $17.90 | (0.15) | 1.62 | 1.47 | (0.13) | (4.41) | (4.54) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2021 | $19.50 | (0.15) | 1.77 | 1.62 | (0.12) | (4.43) | (4.55) |
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) |
74 | Columbia Acorn Family of Funds | Annual Report 2021 |
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 12/31/2021 | $10.14 | 8.74%(b) | 1.40%(c) | 1.39%(c),(d) | (1.03%) | 69% | $53,016 |
Year Ended 12/31/2020 | $13.58 | 23.70%(b) | 1.44% | 1.40%(d) | (0.91%) | 94% | $59,050 |
Year Ended 12/31/2019 | $11.69 | 30.88%(b) | 1.45%(c) | 1.41%(c),(d) | (0.43%) | 91% | $56,578 |
Year Ended 12/31/2018 | $10.28 | (2.15%)(b) | 1.44%(c) | 1.42%(c),(d) | (0.49%) | 86% | $49,179 |
Year Ended 12/31/2017 | $12.48 | 19.14%(b) | 1.44% | 1.43%(d) | (0.55%) | 84% | $47,960 |
Advisor Class | |||||||
Year Ended 12/31/2021 | $16.37 | 8.92%(b) | 1.15%(c) | 1.14%(c),(d) | (0.78%) | 69% | $24,058 |
Year Ended 12/31/2020 | $19.32 | 24.08%(b) | 1.19% | 1.15%(d) | (0.66%) | 94% | $23,158 |
Year Ended 12/31/2019 | $16.31 | 31.27%(b) | 1.20%(c) | 1.16%(c),(d) | (0.18%) | 91% | $19,202 |
Year Ended 12/31/2018 | $13.77 | (1.91%)(b) | 1.18%(c) | 1.17%(c),(d) | (0.27%) | 86% | $14,579 |
Year Ended 12/31/2017 | $16.08 | 19.42%(b) | 1.21% | 1.20%(d) | (0.31%) | 84% | $16,355 |
Class C(e) | |||||||
Year Ended 12/31/2021 | $15.03 | 7.85%(b) | 2.15%(c) | 2.14%(c),(d) | (1.78%) | 69% | $1,809 |
Year Ended 12/31/2020 | $18.14 | 22.79%(b) | 2.19% | 2.15%(d) | (1.66%) | 94% | $2,658 |
Year Ended 12/31/2019 | $16.47 | 29.93%(b) | 2.20%(c) | 2.16%(c),(d) | (1.19%) | 91% | $3,195 |
Year Ended 12/31/2018 | $18.07 | (2.92%)(b) | 2.19%(c) | 2.17%(c),(d) | (1.30%) | 86% | $4,608 |
Year Ended 12/31/2017 | $26.22 | 18.30%(b) | 2.19% | 2.19%(d) | (1.31%) | 84% | $9,802 |
Institutional Class | |||||||
Year Ended 12/31/2021 | $14.83 | 8.95%(b) | 1.15%(c) | 1.14%(c),(d) | (0.78%) | 69% | $169,844 |
Year Ended 12/31/2020 | $17.90 | 24.04%(b) | 1.19% | 1.15%(d) | (0.67%) | 94% | $170,650 |
Year Ended 12/31/2019 | $15.17 | 31.28%(b) | 1.20%(c) | 1.16%(c),(d) | (0.18%) | 91% | $158,696 |
Year Ended 12/31/2018 | $12.90 | (1.98%)(b) | 1.18%(c) | 1.17%(c),(d) | (0.26%) | 86% | $149,048 |
Year Ended 12/31/2017 | $15.21 | 19.44%(b) | 1.16% | 1.16%(d) | (0.27%) | 84% | $189,408 |
Institutional 2 Class | |||||||
Year Ended 12/31/2021 | $16.57 | 8.99%(b) | 1.11%(c) | 1.08%(c) | (0.71%) | 69% | $3,271 |
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%(c) | 1.08%(c) | (0.09%) | 91% | $3,806 |
Year Ended 12/31/2018 | $13.87 | (1.89%)(b) | 1.11%(c) | 1.09%(c) | (0.19%) | 86% | $3,332 |
Year Ended 12/31/2017 | $16.21 | 19.56%(b) | 1.08% | 1.08% | (0.17%) | 84% | $10,133 |
Columbia Acorn Family of Funds | Annual Report 2021 | 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 12/31/2021 | $19.74 | (0.15) | 1.81 | 1.66 | (0.13) | (4.43) | (4.56) |
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) |
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) | 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 Statements of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
76 | Columbia Acorn Family of Funds | Annual Report 2021 |
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 12/31/2021 | $16.84 | 9.09%(b) | 1.05%(c) | 1.04%(c) | (0.69%) | 69% | $50,303 |
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%(c) | 1.03%(c) | (0.05%) | 91% | $67,921 |
Year Ended 12/31/2018 | $14.01 | (1.86%)(b) | 1.06%(c) | 1.04%(c) | (0.11%) | 86% | $55,248 |
Year Ended 12/31/2017 | $16.36 | 19.60%(b) | 1.05% | 1.05% | (0.17%) | 84% | $49,019 |
Columbia Acorn Family of Funds | Annual Report 2021 | 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 | Total distributions to shareholders | |
Class A | |||||||
Year Ended 12/31/2021 | $33.67 | (0.05) | 3.50 | 3.45 | (0.28) | (1.41) | (1.69) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2021 | $34.56 | 0.04 | 3.59 | 3.63 | (0.43) | (1.41) | (1.84) |
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) |
Class C | |||||||
Year Ended 12/31/2021 | $30.40 | (0.30) | 3.17 | 2.87 | — | (1.41) | (1.41) |
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 | — | — | — |
Institutional Class | |||||||
Year Ended 12/31/2021 | $34.25 | 0.04 | 3.56 | 3.60 | (0.43) | (1.41) | (1.84) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2021 | $34.57 | 0.06 | 3.60 | 3.66 | (0.49) | (1.41) | (1.90) |
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) |
78 | Columbia Acorn Family of Funds | Annual Report 2021 |
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 12/31/2021 | $35.43 | 10.49% | 1.44%(c) | 1.23%(c),(d) | (0.15%) | 27% | $235,103 |
Year Ended 12/31/2020 | $33.67 | 18.21% | 1.48% | 1.26%(d) | (0.10%) | 68% | $230,519 |
Year Ended 12/31/2019 | $28.58 | 33.37% | 1.54%(c) | 1.35%(c),(d) | 0.34% | 46% | $37,461 |
Year Ended 12/31/2018 | $23.44 | (12.46%) | 1.54% | 1.40%(d) | 0.20% | 48% | $26,073 |
Year Ended 12/31/2017 | $28.89 | 35.30% | 1.54% | 1.40%(d) | 0.07% | 49% | $26,336 |
Advisor Class | |||||||
Year Ended 12/31/2021 | $36.35 | 10.78% | 1.19%(c) | 0.98%(c),(d) | 0.11% | 27% | $2,462 |
Year Ended 12/31/2020 | $34.56 | 18.51% | 1.23% | 1.02%(d) | 0.12% | 68% | $2,748 |
Year Ended 12/31/2019 | $29.26 | 33.73% | 1.29%(c) | 1.10%(c),(d) | 0.63% | 46% | $2,030 |
Year Ended 12/31/2018 | $24.00 | (12.26%) | 1.29% | 1.15%(d) | 0.31% | 48% | $1,201 |
Year Ended 12/31/2017 | $29.46 | 35.67% | 1.29% | 1.15%(d) | 0.30% | 49% | $1,820 |
Class C | |||||||
Year Ended 12/31/2021 | $31.86 | 9.68% | 2.19%(c) | 1.98%(c),(d) | (0.93%) | 27% | $2,146 |
Year Ended 12/31/2020 | $30.40 | 17.37% | 2.23% | 2.02%(d) | (0.88%) | 68% | $3,251 |
Year Ended 12/31/2019 | $26.00 | 32.31% | 2.29%(c) | 2.10%(c),(d) | (0.42%) | 46% | $2,493 |
Year Ended 12/31/2018 | $21.48 | (13.11%) | 2.28% | 2.15%(d) | (0.43%) | 48% | $2,752 |
Year Ended 12/31/2017 | $26.85 | 34.32% | 2.29% | 2.15%(d) | (0.64%) | 49% | $5,027 |
Institutional Class | |||||||
Year Ended 12/31/2021 | $36.01 | 10.79% | 1.19%(c) | 0.98%(c),(d) | 0.10% | 27% | $159,876 |
Year Ended 12/31/2020 | $34.25 | 18.50% | 1.23% | 1.02%(d) | 0.12% | 68% | $155,133 |
Year Ended 12/31/2019 | $29.00 | 33.71% | 1.29%(c) | 1.10%(c),(d) | 0.59% | 46% | $88,922 |
Year Ended 12/31/2018 | $23.81 | (12.28%) | 1.28% | 1.15%(d) | 0.47% | 48% | $69,413 |
Year Ended 12/31/2017 | $29.25 | 35.70% | 1.29% | 1.15%(d) | 0.36% | 49% | $89,266 |
Institutional 2 Class | |||||||
Year Ended 12/31/2021 | $36.33 | 10.87% | 1.10%(c) | 0.89%(c) | 0.17% | 27% | $51,805 |
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%(c) | 1.00%(c) | 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 |
Columbia Acorn Family of Funds | Annual Report 2021 | 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 | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Year Ended 12/31/2021 | $34.56 | 0.09 | 3.59 | 3.68 | (0.52) | (1.41) | (1.93) |
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) |
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%. |
80 | Columbia Acorn Family of Funds | Annual Report 2021 |
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 12/31/2021 | $36.31 | 10.93% | 1.05%(c) | 0.84%(c) | 0.24% | 27% | $28,694 |
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%(c) | 0.96%(c) | 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 |
Columbia Acorn Family of Funds | Annual Report 2021 | 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 12/31/2021 | $18.31 | 0.24 | 0.89 | 1.13 | (0.26) | (2.17) | (2.43) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2021 | $18.12 | 0.28 | 0.88 | 1.16 | (0.30) | (2.17) | (2.47) |
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) |
Class C | |||||||
Year Ended 12/31/2021 | $18.43 | 0.09 | 0.90 | 0.99 | (0.11) | (2.17) | (2.28) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2021 | $18.01 | 0.28 | 0.87 | 1.15 | (0.30) | (2.17) | (2.47) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2021 | $18.14 | 0.29 | 0.89 | 1.18 | (0.31) | (2.17) | (2.48) |
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) |
82 | Columbia Acorn Family of Funds | Annual Report 2021 |
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 12/31/2021 | $17.01 | 6.16% | 0.54%(c) | 0.50%(c),(d) | 1.26% | 49% | $624,373 |
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 |
Advisor Class | |||||||
Year Ended 12/31/2021 | $16.81 | 6.43% | 0.29%(c) | 0.25%(c),(d) | 1.51% | 49% | $172,162 |
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 |
Class C | |||||||
Year Ended 12/31/2021 | $17.14 | 5.40% | 1.29%(c) | 1.25%(c),(d) | 0.48% | 49% | $189,990 |
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 |
Institutional Class | |||||||
Year Ended 12/31/2021 | $16.69 | 6.42% | 0.29%(c) | 0.25%(c),(d) | 1.52% | 49% | $902,841 |
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 |
Institutional 2 Class | |||||||
Year Ended 12/31/2021 | $16.84 | 6.53% | 0.25%(c) | 0.20%(c) | 1.53% | 49% | $169,246 |
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 |
Columbia Acorn Family of Funds | Annual Report 2021 | 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 12/31/2021 | $18.11 | 0.36 | 0.82 | 1.18 | (0.32) | (2.17) | (2.49) |
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) |
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 2021 |
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 12/31/2021 | $16.80 | 6.52% | 0.21%(c) | 0.17%(c) | 1.94% | 49% | $15,581 |
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 |
Columbia Acorn Family of Funds | Annual Report 2021 | 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 12/31/2021 | $27.49 | (0.14) | 6.04 | 5.90 | (0.06) | (0.06) |
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) |
Advisor Class | ||||||
Year Ended 12/31/2021 | $27.78 | (0.10) | 6.13 | 6.03 | (0.13) | (0.13) |
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) |
Class C | ||||||
Year Ended 12/31/2021 | $26.83 | (0.36) | 5.88 | 5.52 | — | — |
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) |
Institutional Class | ||||||
Year Ended 12/31/2021 | $27.64 | (0.06) | 6.06 | 6.00 | (0.13) | (0.13) |
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) |
Institutional 2 Class | ||||||
Year Ended 12/31/2021 | $27.98 | (0.12) | 6.21 | 6.09 | (0.15) | (0.15) |
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) |
86 | Columbia Acorn Family of Funds | Annual Report 2021 |
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 12/31/2021 | $33.33 | 21.47% | 1.63%(c) | 1.44%(c),(d) | (0.45%) | 21% | $66,374 |
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 |
Advisor Class | |||||||
Year Ended 12/31/2021 | $33.68 | 21.75% | 1.37%(c) | 1.19%(c),(d) | (0.32%) | 21% | $3,083 |
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 |
Class C | |||||||
Year Ended 12/31/2021 | $32.35 | 20.57% | 2.39%(c) | 2.19%(c),(d) | (1.20%) | 21% | $7,078 |
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 |
Institutional Class | |||||||
Year Ended 12/31/2021 | $33.51 | 21.76% | 1.38%(c) | 1.19%(c),(d) | (0.21%) | 21% | $111,462 |
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 |
Institutional 2 Class | |||||||
Year Ended 12/31/2021 | $33.92 | 21.80% | 1.32%(c) | 1.14%(c) | (0.38%) | 21% | $25,882 |
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 |
Columbia Acorn Family of Funds | Annual Report 2021 | 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 12/31/2021 | $27.54 | (0.05) | 6.05 | 6.00 | (0.16) | (0.16) |
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 2021 |
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 12/31/2021 | $33.38 | 21.83% | 1.32%(c) | 1.10%(c) | (0.15%) | 21% | $60 |
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% | $210 |
Columbia Acorn Family of Funds | Annual Report 2021 | 89 |
December 31, 2021
90 | Columbia Acorn Family of Funds | Annual Report 2021 |
December 31, 2021
Columbia Acorn Family of Funds | Annual Report 2021 | 91 |
December 31, 2021
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (2,338,271) |
Derivative instrument | Average notional amounts ($) |
Futures contracts — long | 2,310,111* |
* | Based on the ending daily outstanding amounts for the year ended December 31, 2021. |
92 | Columbia Acorn Family of Funds | Annual Report 2021 |
December 31, 2021
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 654,234 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (1,142,509) |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 33,841,428 |
* | Based on the ending quarterly outstanding amounts for the year ended December 31, 2021. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 142,295 |
Derivative instrument | Average notional amounts ($) |
Futures contracts — long | 1,244,414* |
* | Based on the ending daily outstanding amounts for the year ended December 31, 2021. |
Columbia Acorn Family of Funds | Annual Report 2021 | 93 |
December 31, 2021
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | |
Liabilities | |||
Collateral on Securities Loaned | 36,269,919 | 10,493,519 | 5,034,920 |
Total Liabilities | 36,269,919 | 10,493,519 | 5,034,920 |
Total Financial and Derivative Net Assets | (36,269,919) | (10,493,519) | (5,034,920) |
Financial Instruments | 33,010,589 | 10,018,113 | 4,773,190 |
Net Amount (a) | (3,259,330) | (475,406) | (261,730) |
94 | Columbia Acorn Family of Funds | Annual Report 2021 |
December 31, 2021
(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 | $33,010,589 | $— | $— | $— | $33,010,589 |
Gross amount of recognized liabilities for securities lending (collateral received) | 36,269,919 | ||||
Amounts due to counterparty in the event of default | $3,259,330 | ||||
Columbia Acorn International® | |||||
Securities lending transactions | |||||
Equity securities | $10,018,113 | $— | $— | $— | $10,018,113 |
Gross amount of recognized liabilities for securities lending (collateral received) | 10,493,519 | ||||
Amounts due to counterparty in the event of default | $475,406 | ||||
Columbia Acorn USA® | |||||
Securities lending transactions | |||||
Equity securities | $4,773,190 | $— | $— | $— | $4,773,190 |
Gross amount of recognized liabilities for securities lending (collateral received) | 5,034,920 | ||||
Amounts due to counterparty in the event of default | $261,730 |
Columbia Acorn Family of Funds | Annual Report 2021 | 95 |
December 31, 2021
Columbia Acorn® Fund | |
Average daily net assets | Annual fee rate |
Up to $700 million | 0.74% |
$700 million to $2 billion | 0.69% |
$2 billion to $6 billion | 0.64% |
$6 billion and over | 0.63% |
Columbia Acorn International® | |
Average daily net assets | Annual fee rate |
Up to $100 million | 1.19% |
$100 million to $500 million | 0.94% |
$500 million and over | 0.74% |
Columbia Acorn USA® | |
Average daily net assets | Annual fee rate |
Up to $200 million | 0.94% |
$200 million to $500 million | 0.89% |
$500 million to $2 billion | 0.84% |
$2 billion to $3 billion | 0.80% |
$3 billion and over | 0.70% |
Columbia Acorn International SelectSM | |
Average daily net assets | Annual fee rate |
Up to $500 million | 0.89% |
$500 million and over | 0.85% |
Columbia 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% |
96 | Columbia Acorn Family of Funds | Annual Report 2021 |
December 31, 2021
Fund | Effective investment advisory fee rate (%) |
Columbia Acorn® Fund | 0.67 |
Columbia Acorn International® | 0.79 |
Columbia Acorn USA® | 0.92 |
Columbia Acorn International SelectSM | 0.89 |
Columbia Thermostat FundSM | 0.10 |
Columbia Acorn European FundSM | 1.09 |
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% |
$45 billion and over | 0.015% |
Columbia Acorn Family of Funds | Annual Report 2021 | 97 |
December 31, 2021
Fund | Class A (%) | Advisor Class (%) | Class C (%) | Institutional Class (%) | Institutional 2 Class (%) | Institutional 3 Class (%) | Class R (%) |
Columbia Acorn® Fund | 0.08 | 0.08 | 0.08 | 0.08 | 0.05 | 0.01 | — |
Columbia Acorn International® | 0.10 | 0.10 | 0.10 | 0.10 | 0.04 | 0.00 | 0.10 |
Columbia Acorn USA® | 0.10 | 0.10 | 0.10 | 0.10 | 0.04 | 0.00 | — |
Columbia Acorn International SelectSM | 0.15 | 0.15 | 0.15 | 0.15 | 0.06 | 0.01 | — |
Columbia Thermostat FundSM | 0.10 | 0.10 | 0.10 | 0.10 | 0.05 | 0.02 | — |
Columbia Acorn European FundSM | 0.09 | 0.09 | 0.09 | 0.09 | 0.04 | 0.00 | — |
98 | Columbia Acorn Family of Funds | Annual Report 2021 |
December 31, 2021
Fund | Amount ($) |
Columbia Acorn® Fund | 5,161 |
Columbia Acorn International® | 4,960 |
Columbia Acorn USA® | 720 |
Columbia Acorn International SelectSM | 7,690 |
Columbia Thermostat FundSM | 160 |
Columbia Acorn European FundSM | 20 |
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) | 156,998 | 1,345 |
Columbia Acorn International® | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 53,199 | 565 |
Columbia Acorn USA® | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 13,766 | 6 |
Columbia Acorn International SelectSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 34,396 | 29 |
Columbia Thermostat FundSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 1,226,900 | 25,723 |
Columbia Acorn European FundSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 134,757 | 307 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn® Fund | 1.11% | 0.86% | 1.86% | 0.86% | 0.83% | 0.79% |
Columbia Acorn Family of Funds | Annual Report 2021 | 99 |
December 31, 2021
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | Class R |
Columbia Acorn International® | 1.24% | 0.99% | 1.99% | 0.99% | 0.92% | 0.88% | 1.49% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn USA® | 1.40% | 1.15% | 2.15% | 1.15% | 1.08% | 1.04% |
100 | Columbia Acorn Family of Funds | Annual Report 2021 |
December 31, 2021
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn International SelectSM | 1.24% | 0.99% | 1.99% | 0.99% | 0.89% | 0.84% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Thermostat FundSM | 0.50% | 0.25% | 1.25% | 0.25% | 0.21% | 0.17% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
Columbia Acorn European FundSM | 1.45% | 1.20% | 2.20% | 1.20% | 1.14% | 1.10% |
Columbia Acorn Family of Funds | Annual Report 2021 | 101 |
December 31, 2021
Fund | Undistributed net investment income ($) | Accumulated net realized gain (loss) ($) | Paid in capital increase (decrease) ($) |
Columbia Acorn® Fund | 67,719,825 | (121,433,416) | 53,713,591 |
Columbia Acorn International® | 14,466,556 | (14,466,556) | — |
Columbia Acorn USA® | 6,707,858 | (12,010,942) | 5,303,084 |
Columbia Acorn International SelectSM | 241,919 | (241,919) | — |
Columbia Thermostat FundSM | 3,276,451 | (38,472,336) | 35,195,885 |
Columbia Acorn European FundSM | 665,609 | (155,978) | (509,631) |
102 | Columbia Acorn Family of Funds | Annual Report 2021 |
December 31, 2021
Year Ended December 31, 2021 | Year Ended December 31, 2020 | |||||
Fund | Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
Columbia Acorn® Fund | 78,584,909 | 984,296,937 | 1,062,881,846 | — | 632,451,942 | 632,451,942 |
Columbia Acorn International® | 40,477,298 | 303,672,612 | 344,149,910 | 14,685,330 | 298,368,947 | 313,054,277 |
Columbia Acorn USA® | 6,190,063 | 69,974,033 | 76,164,096 | 2,090,215 | 13,392,599 | 15,482,814 |
Columbia Acorn International SelectSM | 4,850,979 | 18,438,724 | 23,289,703 | 690,700 | — | 690,700 |
Columbia Thermostat FundSM | 100,826,478 | 172,798,104 | 273,624,582 | 64,049,306 | 37,945,388 | 101,994,694 |
Columbia Acorn European FundSM | 691,232 | — | 691,232 | 420,496 | — | 420,496 |
Fund | Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
Columbia Acorn® Fund | 22,568,989 | 131,434,154 | — | 881,851,752 |
Columbia Acorn International® | — | 44,648,525 | (73,745,642) | 883,383,296 |
Columbia Acorn USA® | 221,425 | 7,878,468 | — | 56,337,176 |
Columbia Acorn International SelectSM | — | 11,225,292 | — | 140,057,707 |
Columbia Thermostat FundSM | 2,756,953 | 12,725,392 | — | 23,202,085 |
Columbia Acorn European FundSM | — | — | (2,471,500) | 68,575,942 |
Fund | Tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
Columbia Acorn® Fund | 3,686,725,808 | 1,193,325,549 | (311,473,797) | 881,851,752 |
Columbia Acorn International® | 1,462,963,107 | 927,178,914 | (43,795,618) | 883,383,296 |
Columbia Acorn USA® | 250,919,108 | 81,460,047 | (25,122,871) | 56,337,176 |
Columbia Acorn International SelectSM | 339,732,363 | 150,855,258 | (10,797,551) | 140,057,707 |
Columbia Thermostat FundSM | 2,054,468,921 | 48,699,095 | (25,497,010) | 23,202,085 |
Columbia Acorn European FundSM | 144,798,162 | 71,133,819 | (2,557,877) | 68,575,942 |
Fund | No expiration short-term ($) | No expiration long-term ($) | Total ($) | Utilized ($) |
Columbia Acorn International® | (47,476,543) | (26,269,099) | (73,745,642) | 288,119 |
Columbia Acorn International SelectSM | — | — | — | 3,759,384 |
Columbia Acorn European FundSM | (2,471,500) | — | (2,471,500) | 501,564 |
Columbia Acorn Family of Funds | Annual Report 2021 | 103 |
December 31, 2021
Fund | Late year ordinary losses ($) | Post-October capital losses ($) |
Columbia Acorn International® | — | 4,464,242 |
Columbia Acorn International SelectSM | 239,817 | — |
Purchases ($) | Proceeds from sales ($) | |
Columbia Acorn® Fund | 3,577,728,511 | 4,415,976,284 |
Columbia Acorn International® | 647,243,793 | 1,044,213,112 |
Columbia Acorn USA® | 217,990,026 | 291,164,803 |
Columbia Acorn International SelectSM | 130,079,843 | 194,222,587 |
Columbia Thermostat FundSM | 1,307,551,140 | 985,148,824 |
Columbia Acorn European FundSM | 109,306,352 | 32,897,967 |
104 | Columbia Acorn Family of Funds | Annual Report 2021 |
December 31, 2021
Fund | Average loan balance ($) | Weighted average interest rate (%) | Days outstanding |
Columbia Acorn USA® | 19,150,000 | 1.37 | 2 |
Columbia Acorn International SelectSM | 2,550,000 | 1.36 | 2 |
Columbia Thermostat FundSM | 17,700,000 | 1.30 | 8 |
Columbia Acorn European FundSM | 8,500,000 | 1.16 | 4 |
Columbia Acorn Family of Funds | Annual Report 2021 | 105 |
December 31, 2021
106 | Columbia Acorn Family of Funds | Annual Report 2021 |
December 31, 2021
Fund | Number of unaffiliated accounts | Percentage of shares outstanding held — unaffiliated (%) | Percentage of shares outstanding held — affiliated (%) |
Columbia Acorn® Fund | — | — | — |
Columbia Acorn International® | 1 | 11.2 | — |
Columbia Acorn USA® | 1 | 18.6 | — |
Columbia Acorn International SelectSM | 1 | 16.0 | 25.0 |
Columbia Thermostat FundSM | 1 | 15.4 | 20.2 |
Columbia Acorn European FundSM | 2 | 27.9 | 21.8 |
Columbia Acorn Family of Funds | Annual Report 2021 | 107 |
December 31, 2021
108 | Columbia Acorn Family of Funds | Annual Report 2021 |
December 31, 2021
Shares | |
Class A | 7,633,122 |
Advisor Class | 86,140 |
Class C | 139,092(a) |
Institutional Class | 8,169,626 |
Institutional 2 Class | 204,341 |
Institutional 3 Class | 367,453 |
(a) | Share activity for Class C has been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
($) | |
Net investment loss | (13,866,000) |
Net realized gain | 692,024,000 |
Net change in unrealized appreciation | 463,288,000 |
Net increase in net assets 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 2021 | 109 |
December 31, 2021
($) | |
Net investment income | 10,398,000 |
Net realized gain | 271,863,000 |
Net change in unrealized appreciation | 13,902,000 |
Net increase in net assets from operations | 296,163,000 |
Shares | |
Class A | 5,674,674(a) |
Advisor Class | 13,886 |
Class C | 51,121 |
Institutional Class | 2,384,285 |
Institutional 2 Class | 27,450 |
Institutional 3 Class | 152,649 |
(a) | 20,130 shares of Class A were issued in exchange of Class R shares of the Acquired Fund. |
110 | Columbia Acorn Family of Funds | Annual Report 2021 |
December 31, 2021
($) | |
Net investment income | 1,375,000 |
Net realized gain | 35,106,000 |
Net change in unrealized appreciation | 38,903,000 |
Net increase in net assets from operations | 75,384,000 |
Columbia Acorn Family of Funds | Annual Report 2021 | 111 |
112 | Columbia Acorn Family of Funds | Annual Report 2021 |
(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 | 42.83% | 41.48% | 0.00% | $1,035,605,564 | $0 | $0.0000 | $0 | $0.00 |
Columbia Acorn International® | 87.57% | 1.55% | 0.00% | $296,056,088 | $2,173,379 | $0.0309 | $32,088,258 | $0.46 |
Columbia Acorn USA® | 15.27% | 15.00% | 0.00% | $81,795,532 | $0 | $0.0000 | $0 | $0.00 |
Columbia Acorn International SelectSM | 100.00% | 0.00% | 0.00% | $31,147,217 | $425,308 | $0.0317 | $5,277,262 | $0.39 |
Columbia Thermostat FundSM | 3.54% | 3.30% | 0.06% | $200,334,164 | $46,074 | $0.0004 | $242,844 | $0.00 |
Columbia Acorn European FundSM | 100.00% | 6.34% | 0.00% | $0 | $136,804 | $0.0214 | $1,598,335 | $0.25 |
Columbia Acorn Family of Funds | Annual Report 2021 | 113 |
Shareholder Services Group
71 S Wacker Drive, Suite 2500
Chicago, IL 60606
800.922.6769
Name and age at December 31, 2021 | 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, 56* | 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, 73 | 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, 68 | 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, 62 | 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. |
Dianne Lob, 67 | 2021 | Retired. Formerly, Senior Vice President and Senior Managing Director, Global Head of Business and Product Development, AllianceBernstein Holding L.P. (asset management), 2014-2020; Chairman, Private Client Investment Policy Group, Alliance Bernstein Holding L.P., 2005-2014. | 9 | None. |
114 | Columbia Acorn Family of Funds | Annual Report 2021 |
Name and age at December 31, 2021 | Year first appointed or elected to a Board in the Columbia Funds Complex | Principal occupation(s) during the past five years | Number of Funds in the Columbia Funds Complex overseen (1) | Other directorships held by the Trustee during the past five years in addition to Columbia Acorn Trust and Wanger Advisors Trust |
Charles R. Phillips, 65 | 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. |
David J. Rudis, 66, 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, 2021 | 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, 87 (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. |
* | Ms. Born retired from the Board, effective December 31, 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, 2021 | 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 |
Daniel Beckman, 60 | Co-President* | 2021 | Vice President, Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015); officer of Columbia Funds and affiliated funds since 2020. |
Michael G. Clarke, 51 | Treasurer and Principal Accounting and Financial Officer | 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. |
Columbia Acorn Family of Funds | Annual Report 2021 | 115 |
Name and age at December 31, 2021 | Position held with Columbia Acorn Trust and Wanger Advisors Trust | Year first appointed or elected to office | Principal occupation(s) during the past five years |
John L. Emerson, 46 | Vice President | 2020 | Portfolio manager and/or analyst, CWAM or its predecessors since 2003. |
Tae Han (Simon) Kim, 40 | Vice President | 2018 | Portfolio manager and/or analyst, CWAM since 2011. |
Stephen Kusmierczak, 54 | 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, 51 | Vice President | 2006 | Chief Compliance Officer, CWAM since 2005. |
Ryan C. Larrenaga, 50 | 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. |
Erika K. Maschmeyer, 40 | Vice President | 2020 | Portfolio manager and/or analyst, CWAM or its predecessors since 2016. |
Thomas P. McGuire, 48 | 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. |
Sebastien Pigeon, 49 | Vice President | 2021 | Portfolio manager and/or analyst, CWAM or its predecessors since 2017. |
Julian Quero, 54 | Assistant Treasurer | 2015 | Vice President – Tax, Columbia Management Investment Advisers, LLC since 2009. |
Martha A. Skinner, 46 | 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, 37 | Vice President | 2020 | Portfolio manager and/or analyst, CWAM or its predecessors since 2017. |
Linda Roth-Wiszowaty, 51 | Secretary | 2006 | Business support analyst, CWAM since April 2007. |
* | Mr. Beckman also serves as the Principal Executive Officer of the Trust for purposes of the Sarbanes Oxley Act of 2002. |
116 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn Family of Funds | Annual Report 2021 | 117 |
118 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn Family of Funds | Annual Report 2021 | 119 |
120 | Columbia Acorn Family of Funds | Annual Report 2021 |
Columbia Acorn Family of Funds | Annual Report 2021 | 121 |
122 | Columbia Acorn Family of Funds | Annual Report 2021 |
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, 2021 and December 31,
2020 are approximately as follows:
2021 | 2020 |
$158,500 | $192,900 |
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, 2021 and December 31, 2020 are approximately as follows:
2021 | 2020 |
$0 | $32,000 |
Audit-Related Fees, if any, 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 2021 and 2020, Audit-Related Fees consist of agreed-upon procedures performed for other audit-related additional testing.
During the fiscal years ended December 31, 2021 and December 31, 2020, 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, 2021 and December 31, 2020 are approximately as follows:
2021 | 2020 |
$4,200 | $0 |
Tax Fees, if any, incurred in both fiscal years 2021 and 2020 relate to the review of annual tax returns, the review of required shareholder distribution calculations and include amounts for professional services by the principal accountant for tax compliance, tax advice and tax planning.
During the fiscal years ended December 31, 2021 and December 31, 2020, 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,
2021 and December 31, 2020 are as follows:
2021 | 2020 |
$0 | $0 |
All Other Fees, if any, 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, 2021 and December 31, 2020 are approximately as follows:
2021 | 2020 |
$520,000 | $520,000 |
In both fiscal years 2021 and 2020, 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, 2021 and December 31, 2020 are approximately as follows:
2021 | 2020 |
$524,200 | $552,000 |
(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.
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/ Daniel J. Beckman | _______ | |||
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| Daniel J. Beckman, President and Principal Executive Officer | |
Date |
| February 18, 2022 |
|
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/ Daniel J. Beckman | ||||
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| Daniel J. Beckman, President and Principal Executive Officer |
| |
Date |
| February 18, 2022 |
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By (Signature and Title) | /s/ Michael G. Clarke | ||||
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| Michael G. Clarke, Treasurer and Principal Accounting and Financial Officer | ||
Date |
| February 18, 2022 |
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