UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-01829
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, 2022
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, 2022
Acorn® Fund
Acorn International®
Acorn USA®
Acorn International SelectSM
Thermostat FundSM
Acorn European FundSM
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Columbia Acorn® Fund (Unaudited)
Average annual total returns (%) (for the period ended December 31, 2022) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 10/16/00 | -34.01 | 2.10 | 6.98 | 12.79 |
Including sales charges | -37.80 | 0.89 | 6.35 | 12.67 | ||
Advisor Class | 11/08/12 | -33.79 | 2.36 | 7.24 | 13.14 | |
Class C | Excluding sales charges | 10/16/00 | -34.48 | 1.34 | 6.19 | 11.94 |
Including sales charges | -35.10 | 1.34 | 6.19 | 11.94 | ||
Institutional Class | 06/10/70 | -33.78 | 2.35 | 7.27 | 13.15 | |
Institutional 2 Class | 11/08/12 | -33.83 | 2.38 | 7.29 | 13.15 | |
Institutional 3 Class | 11/08/12 | -33.77 | 2.44 | 7.35 | 13.17 | |
Russell 2500 Growth Index | -26.21 | 5.97 | 10.62 | - |
Columbia Acorn Family of Funds | Annual Report 2022 | 3 |
Columbia Acorn® Fund (Unaudited)
Portfolio breakdown (%) (at December 31, 2022) | |
Common Stocks | 97.0 |
Money Market Funds | 3.0 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2022) | |
Communication Services | 2.7 |
Consumer Discretionary | 19.1 |
Consumer Staples | 2.4 |
Energy | 3.8 |
Financials | 6.9 |
Health Care | 19.0 |
Industrials | 20.7 |
Information Technology | 19.9 |
Materials | 2.5 |
Real Estate | 3.0 |
Total | 100.0 |
4 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn® Fund (Unaudited)
• | Kornit Digital Ltd. is an Israeli-American international company that manufactures, markets and services a range of digital printing applications for the textile industry. Prior to 2022, Kornit benefited from several years of robust demand for its equipment as customers scrambled to meet sky-rocketing demand from end-customers. However, the re-calibration of e-commerce growth in a post-COVID scenario, coupled with macro headwinds, resulted in a greater-than-expected pause in demand. |
• | The Trade Desk, Inc., is a technology platform company, enabling real-time programmatic advertising designed to personalize digital content delivery to users. Higher interest rates and fears that a recession would disproportionately hurt programmatic advertising weighed on investor sentiment. |
• | 10x Genomics, Inc. is an American biotechnology company designing, and manufacturing gene sequencing technology used in scientific research. The stock lost ground amid the broader downturn in companies with high future-earnings expectations that saw near term impact to operating profits, coupled with supply chain disruptions from China and Europe. We sold the position during the period. |
• | Wingstop, Inc. is a multinational chain of restaurants specializing in chicken wings. Following a temporary slower COVID period, Wingstop boosted Fund performance with re-accelerating sales as customers began to re-prioritize going out to restaurants. |
Columbia Acorn Family of Funds | Annual Report 2022 | 5 |
Columbia Acorn® Fund (Unaudited)
• | Axon Enterprise, Inc. is the manufacturer of Tasers and market leading provider of law enforcement technology including body and vehicle cameras. The company utilized its monopolistic position to make market expansions into judiciary, corrections, federal agency and other governmental affairs. Revenue, along with international contract wins and strong revenue forecasts, helped to separate Axon Enterprise from an uncertain and challenging macro environment. |
• | Enphase Energy, Inc., a global energy management company that is a leading provider of solar technologies in the information technology sector, benefited from strong performance and positive guidance and is improving its long-term prospects as it expands into Europe. This company is strongly positioned to capitalize on growing demand for solar energy. Rising energy prices were also a tailwind as it resulted in solar energy being seen as more attractively valued. We sold the position during the period. |
6 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn International® (Unaudited)
Average annual total returns (%) (for the period ended December 31, 2022) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 10/16/00 | -33.81 | -1.46 | 3.19 | 8.17 |
Including sales charges | -37.61 | -2.62 | 2.58 | 7.96 | ||
Advisor Class | 11/08/12 | -33.62 | -1.21 | 3.43 | 8.53 | |
Class C | Excluding sales charges | 10/16/00 | -34.30 | -2.20 | 2.42 | 7.36 |
Including sales charges | -34.94 | -2.20 | 2.42 | 7.36 | ||
Institutional Class | 09/23/92 | -33.63 | -1.21 | 3.46 | 8.54 | |
Institutional 2 Class | 08/02/11 | -33.60 | -1.15 | 3.51 | 8.56 | |
Institutional 3 Class | 11/08/12 | -33.58 | -1.11 | 3.56 | 8.58 | |
Class R | 08/02/11 | -33.96 | -1.71 | 2.88 | 7.89 | |
MSCI ACWI ex USA SMID Cap Growth Index (Net) | -25.66 | 0.01 | 4.57 | - | ||
MSCI ACWI ex USA SMID Cap Index (Net) | -19.49 | 0.16 | 4.56 | - |
Columbia Acorn Family of Funds | Annual Report 2022 | 7 |
Columbia Acorn International® (Unaudited)
Equity sector breakdown (%) (at December 31, 2022) | |
Communication Services | 6.1 |
Consumer Discretionary | 7.8 |
Consumer Staples | 2.7 |
Energy | 1.1 |
Financials | 5.9 |
Health Care | 17.3 |
Industrials | 25.4 |
Information Technology | 24.9 |
Materials | 4.1 |
Real Estate | 4.7 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2022) | |
Australia | 6.4 |
Austria | 0.5 |
Brazil | 1.0 |
Canada | 4.6 |
China | 2.3 |
Denmark | 2.8 |
Country breakdown (%) (at December 31, 2022) | |
Finland | 2.1 |
France | 0.8 |
Germany | 5.9 |
Italy | 3.6 |
Japan | 14.5 |
Mexico | 2.1 |
Netherlands | 3.5 |
New Zealand | 2.1 |
South Korea | 4.4 |
Spain | 0.6 |
Sweden | 9.6 |
Switzerland | 4.0 |
Taiwan | 5.3 |
United Kingdom | 17.5 |
United States(a) | 4.9 |
Vietnam | 1.5 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
8 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn International® (Unaudited)
• | Parade Technologies Ltd. is a fabless semiconductor company offering high-speed interface and display systems used in computers, consumer electronics, and display panels. In 2022, the company was negatively impacted as the semiconductor industry entered a downturn driven by a destocking in personal computers. Parade is a leader in technology and has consistently retained the largest market share in the display segment. We expect that it will be able to replicate that success in high-speed applications relating to servers, driven by structural growth of high-performance computing. |
• | Hypoport provides technology platforms that support the German credit, real estate and insurance industries through EUROSPACE, the largest B2B marketplace for loan products in Germany. 2022 saw large shifts in Germany’s property market, as prices fell amid higher interest rates. Beyond the challenges of higher mortgage rates, banks have been tightening lending conditions as they have become more risk-cognizant on real estate loans. However, the company remains fundamentally sound and continues to gain market share, which we believe should enable strong growth even in a higher interest rate environment. |
• | Silergy Corp. designs and manufactures a broad range of high performance analog integrated circuits. The company’s stock price declined as the semiconductor industry headed into a downcycle driven by weakening demand and a |
Columbia Acorn Family of Funds | Annual Report 2022 | 9 |
Columbia Acorn International® (Unaudited)
reduction in inventory in consumer electronics. The company is actively expanding into new applications with higher margins and longer growth trajectory such as automotives. It is also reducing its exposure to more cyclical consumer applications. We maintain our position due to a more favorable long-term outlook. |
• | Munters Group is a Swedish company that provides stand-alone dehumidification and air treatment solutions to the food, pharma, agriculture and electronics industries. Munters has consistently won large de-humidification contracts, causing it to report several quarters of consecutive record order book increases. Its energy-saving cooling solutions for data centers and de-humidification equipment for electric vehicle lithium-ion battery plants are in high demand.We are watching carefully if the company can overcome recent supply chain challenges to meet its target profitability level. |
• | Corporacion Inmobiliaria Vesta SAB de CV is a real estate owner, developer and asset administrator of industrial buildings and distribution centers in Mexico. Vesta’s competitive advantage is in anticipating demand given its proximity to customers. The company outperformed in 2022 as it benefited from an acceleration in nearshoring (outsourcing business to a neighboring country or region) demand. This, coupled with relatively limited supply due to high construction costs, led to a surge in leasing spreads. We believe that Vesta will continue to benefit from a favorable supply-demand environment. |
• | Jeisys Medical, Inc. is a manufacturer of high-end medical aesthetic devices for aestheticians, plastic surgeons, physicians and health care professionals. During the year, earnings were buoyed by strong demand, particularly in the United States and Japan. In addition, the company benefited from its synergies with U.S. laser manufacturer Cynosure, underscoring brisk growth in the aesthetic market that is being propelled forward by an aging population. Continued product innovation driven by a strong competitive market in South Korea has also had a bearing on performance. |
10 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn USA® (Unaudited)
Average annual total returns (%) (for the period ended December 31, 2022) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 10/16/00 | -33.75 | 2.68 | 7.51 | 8.84 |
Including sales charges | -37.57 | 1.47 | 6.87 | 8.60 | ||
Advisor Class | 11/08/12 | -33.55 | 2.95 | 7.79 | 9.18 | |
Class C | Excluding sales charges | 10/16/00 | -34.23 | 1.90 | 6.73 | 8.05 |
Including sales charges | -34.86 | 1.90 | 6.73 | 8.05 | ||
Institutional Class | 09/04/96 | -33.60 | 2.92 | 7.77 | 9.18 | |
Institutional 2 Class | 11/08/12 | -33.51 | 3.00 | 7.87 | 9.21 | |
Institutional 3 Class | 11/08/12 | -33.56 | 3.03 | 7.91 | 9.23 | |
Russell 2500 Growth Index | -26.21 | 5.97 | 10.62 | - | ||
Russell 2000 Growth Index | -26.36 | 3.51 | 9.20 | - |
Columbia Acorn Family of Funds | Annual Report 2022 | 11 |
Columbia Acorn USA® (Unaudited)
Portfolio breakdown (%) (at December 31, 2022) | |
Common Stocks | 96.8 |
Money Market Funds | 2.9 |
Securities Lending Collateral | 0.3 |
Total | 100.0 |
Equity sector breakdown (%) (at December 31, 2022) | |
Communication Services | 2.7 |
Consumer Discretionary | 19.0 |
Consumer Staples | 2.4 |
Energy | 3.8 |
Financials | 6.9 |
Health Care | 19.2 |
Industrials | 20.7 |
Information Technology | 19.8 |
Materials | 2.5 |
Real Estate | 3.0 |
Total | 100.0 |
12 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn USA® (Unaudited)
• | Kornit Digital Ltd. is an Israeli-American international company that manufactures, markets and services a range of digital printing applications for the textile industry. Prior to 2022, Kornit benefited from several years of robust demand for its equipment as customers scrambled to meet sky-rocketing demand from end-customers. However, the re-calibration of e-commerce growth in a post-COVID scenario, coupled with macro headwinds, resulted in a greater-than-expected pause in demand. |
Columbia Acorn Family of Funds | Annual Report 2022 | 13 |
Columbia Acorn USA® (Unaudited)
• | SiteOne Landscape Supply, Inc. is the largest and only national wholesale distributor of landscape supplies. While the fundamentals of SiteOne remain sound, the company was impacted by broader exogenous factors including global supply chain issues, product inflation and economic uncertainty. |
• | Amedisys, Inc. is a leading provider of home health, hospice and personal care. During the year, the U.S. Centers for Medicaid & Medicare Services (CMS) proposed new reimbursement guidelines for home health services, adding to an increasingly complex backdrop for the home health sector. The proposed adjustment was at the lower end of investor expectations. This caused angst over future potential EBITDA (earnings before interest, taxes, depreciation and amortization) revisions and earnings forecasts for the company. |
• | CoStar Group is a company that provides commercial real estate information, analytics, and online marketplaces. The company’s top three products (CoStar, Apartments.com and LoopNet) had strong sales growth based off consistent, subscription based recurring revenues that beat expectations. CoStar has done a good job of articulating its strategy for moving into the residential marketplace business. Improving multi-family market conditions also provided tailwinds during the year. |
• | Stock selection in the consumer discretionary sector was a significant positive contributor, much of which is attributable to Wingstop, Inc., a multinational chain of restaurants specializing in chicken wings. Following a temporary slower COVID period, Wingstop boosted Fund performance with re-accelerating sales as customers began to re-prioritize going out to restaurants. |
• | Axon Enterprise is the manufacturer of Tasers and market leading provider of law enforcement technology including body and vehicle cameras. The company utilized its monopolistic position to make market expansions into judiciary, corrections, federal agency and other governmental affairs. Revenue along with international contract wins and strong revenue forecasts helped to separate Axon Enterprise from an uncertain and challenging macro environment. |
14 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn International SelectSM (Unaudited)
Average annual total returns (%) (for the period ended December 31, 2022) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 10/16/00 | -36.80 | -0.73 | 3.28 | 6.71 |
Including sales charges | -40.43 | -1.90 | 2.67 | 6.45 | ||
Advisor Class | 11/08/12 | -36.63 | -0.48 | 3.55 | 7.03 | |
Class C | Excluding sales charges | 10/16/00 | -37.29 | -1.48 | 2.50 | 5.91 |
Including sales charges | -37.89 | -1.48 | 2.50 | 5.91 | ||
Institutional Class | 11/23/98 | -36.65 | -0.49 | 3.55 | 7.04 | |
Institutional 2 Class | 11/08/12 | -36.57 | -0.39 | 3.63 | 7.07 | |
Institutional 3 Class | 11/08/12 | -36.56 | -0.35 | 3.68 | 7.09 | |
MSCI ACWI ex USA Growth Index (Net) | -23.05 | 1.49 | 4.68 | - | ||
MSCI ACWI ex USA Index (Net) | -16.00 | 0.88 | 3.80 | - |
Columbia Acorn Family of Funds | Annual Report 2022 | 15 |
Columbia Acorn International SelectSM (Unaudited)
Equity sector breakdown (%) (at December 31, 2022) | |
Communication Services | 5.1 |
Consumer Discretionary | 9.3 |
Financials | 9.5 |
Health Care | 19.2 |
Industrials | 31.8 |
Information Technology | 23.2 |
Materials | 1.9 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2022) | |
Australia | 4.1 |
Brazil | 2.8 |
Canada | 1.9 |
China | 7.0 |
Denmark | 1.7 |
Finland | 4.0 |
Germany | 2.4 |
Italy | 3.9 |
Japan | 13.1 |
Netherlands | 4.0 |
New Zealand | 3.9 |
South Korea | 2.4 |
Sweden | 11.3 |
Switzerland | 13.5 |
Taiwan | 5.9 |
United Kingdom | 17.2 |
United States(a) | 0.9 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
16 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn International SelectSM (Unaudited)
• | Parade Technologies Ltd. is a fabless semiconductor company offering high-speed interface and display systems used in computers, consumer electronics and display panels. In 2022, the company was negatively impacted as the semiconductor industry entered a downturn driven by a destocking in personal computers. Parade is a leader in technology and has consistently retained the largest market share in the display segment. We expect that Parade will be able to replicate that success in high-speed applications relating to servers, driven by structural growth of high-performance computing. |
• | Dechra Pharmaceuticals PLC is a U.K.-based company that is involved in the development and marketing of veterinary products. During the period, investors had concerns over generic competition mostly because of two competing Indian manufacturers, Cronos Pharma and Felix Generics, that are more aggressively pursuing animal pharma markets in the United States. We believe these concerns are exaggerated. Most of Dechra’s generics portfolio addresses relatively niche markets. These small markets will likely prove to be uneconomical for new generic entrants which do not enjoy the scale benefits of a large group like Dechra. |
• | Nemetschek SE is a Germany-based company that develops and sells its software into the architecture, engineering and construction verticals (construction that is built vertically, such as skyscrapers or high rises). While still a largely underpenetrated field, the company’s share price weakened in 2022 amid concerns of a slowing residential and commercial construction market. The company has also seen some management turnover as it undergoes the next |
Columbia Acorn Family of Funds | Annual Report 2022 | 17 |
Columbia Acorn International SelectSM (Unaudited)
stages of brand harmonization and transitioning of products into license to subscription models. We continue to monitor the effect of recent management changes, but are optimistic regarding the business growth prospects for the Nemetschek in the fast-evolving ‘design, build and manage’ software space in which our team has particular expertise. |
• | Disco Corporation, headquartered in Japan, is one of the world’s largest manufacturers of specialized cutting and polishing equipment, such as wafer saws, used in semiconductor manufacturing. During the year, the company managed to buck the downcycle in semiconductors and posted double digit returns. This was supported by new growth in the area of silicon carbide (a version of the traditional semiconductor that has significantly higher breakdown strength and hardness) and expansion into the areas of power semiconductors and wafer transport. |
• | HOSHIZAKI Corp. is a Japanese manufacturer of ‘cold’ commercial kitchen equipment, including ice machines, water filters, freezers, prep tables and refrigerated display cases. The company had strong returns in 2022 as a result of robust demand for their products that was boosted by a post-COVID recovery in restaurant businesses. Other factors that buttressed performance were a resolution of production issues in Japan as supply chain disruptions eased, as well as the positive effect from price hikes globally, which came through during the year. |
• | Spirax-Sarco Engineering PLC is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions and peristaltic pumps used across multiple industries. The company has benefited from the strong demand for pressure reducing valves in a backdrop of solid global demand for oil and gas, chemicals and power. In addition, during the year, strong growth from its Watson Marlow division (based off strength in the biopharmaceutical industry) and acquisitions of thermal solutions companies, Vulcanic Group and Durex International Corporation, helped to boost performance. |
18 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Thermostat FundSM (Unaudited)
Average annual total returns (%) (for the period ended December 31, 2022) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 03/03/03 | -13.14 | 6.47 | 5.62 | 6.73 |
Including sales charges | -18.14 | 5.22 | 5.00 | 6.42 | ||
Advisor Class | 11/08/12 | -12.89 | 6.74 | 5.89 | 7.00 | |
Class C | Excluding sales charges | 03/03/03 | -13.75 | 5.68 | 4.84 | 5.94 |
Including sales charges | -14.60 | 5.68 | 4.84 | 5.94 | ||
Institutional Class | 09/25/02 | -12.92 | 6.73 | 5.89 | 7.00 | |
Institutional 2 Class | 11/08/12 | -12.88 | 6.78 | 5.93 | 7.02 | |
Institutional 3 Class | 11/08/12 | -12.82 | 6.82 | 5.97 | 7.04 | |
Blended Benchmark | -15.26 | 5.03 | 6.94 | - | ||
S&P 500® Index | -18.11 | 9.42 | 12.56 | - | ||
Bloomberg U.S. Aggregate Bond Index | -13.01 | 0.02 | 1.06 | - |
Columbia Acorn Family of Funds | Annual Report 2022 | 19 |
Columbia Thermostat FundSM (Unaudited)
Portfolio breakdown (%) (at December 31, 2022) | |
Equity Funds | 13.5 |
Exchange-Traded Equity Funds | 1.5 |
Exchange-Traded Fixed Income Funds | 8.5 |
Fixed Income Funds | 76.2 |
Money Market Funds | 0.3 |
Total | 100.0 |
20 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Thermostat FundSM (Unaudited)
Columbia Acorn Family of Funds | Annual Report 2022 | 21 |
Columbia Thermostat FundSM (Unaudited)
22 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn European FundSM (Unaudited)
Average annual total returns (%) (for the period ended December 31, 2022) | ||||||
Inception | 1 Year | 5 Years | 10 Years | Life of Fund | ||
Class A | Excluding sales charges | 08/19/11 | -38.16 | 1.80 | 6.45 | 7.30 |
Including sales charges | -41.71 | 0.60 | 5.82 | 6.74 | ||
Advisor Class* | 06/25/14 | -38.03 | 2.05 | 6.73 | 7.58 | |
Class C | Excluding sales charges | 08/19/11 | -38.64 | 1.04 | 5.66 | 6.51 |
Including sales charges | -39.25 | 1.04 | 5.66 | 6.51 | ||
Institutional Class | 08/19/11 | -38.02 | 2.05 | 6.72 | 7.57 | |
Institutional 2 Class | 11/08/12 | -37.97 | 2.13 | 6.77 | 7.61 | |
Institutional 3 Class* | 03/01/17 | -37.96 | 2.14 | 6.77 | 7.62 | |
MSCI AC Europe Small Cap Index (Net) | -26.59 | -0.18 | 6.48 | - |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s Institutional Class. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia Acorn Family of Funds | Annual Report 2022 | 23 |
Columbia Acorn European FundSM (Unaudited)
Equity sector breakdown (%) (at December 31, 2022) | |
Communication Services | 6.0 |
Consumer Discretionary | 1.2 |
Consumer Staples | 5.7 |
Financials | 4.9 |
Health Care | 19.3 |
Industrials | 36.9 |
Information Technology | 22.4 |
Materials | 1.6 |
Real Estate | 2.0 |
Total | 100.0 |
Country breakdown (%) (at December 31, 2022) | |
Austria | 0.6 |
Denmark | 4.4 |
Finland | 2.9 |
France | 1.5 |
Germany | 11.0 |
Italy | 10.2 |
Netherlands | 6.2 |
Russian Federation | 0.0(a) |
Spain | 1.1 |
Sweden | 17.5 |
Switzerland | 7.6 |
United Kingdom | 30.4 |
United States(b) | 6.6 |
Total | 100.0 |
(a) | Rounds to zero. |
(b) | Includes investments in Money Market Funds. |
24 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn European FundSM (Unaudited)
• | Dechra Pharmaceuticals PLC is a U.K.-based company that is involved in the development and marketing of veterinary products. During the period, investors had concerns over generic competition mostly because of two competing Indian manufacturers, Cronos Pharma and Felix Generics, that are more aggressively pursuing animal pharma markets in the United States. We believe these concerns are exaggerated. Most of Dechra’s generics portfolio addresses relatively niche markets. These small markets will likely prove to be uneconomical for new generic entrants which do not enjoy the scale benefits of a large group like Dechra. |
• | Hypoport provides technology platforms that support the German credit, real estate and insurance industries through EUROSPACE, the largest B2B market place for loan products in Germany. 2022 saw large shifts in Germany’s property market, as prices fell amid higher interest rates. Beyond the challenges of higher mortgage rates, banks have been tightening lending conditions as they have become more risk-cognizant on real estate loans. However, the company remains fundamentally sound and continues to take market share, which should enable strong growth even in a higher rate environment. |
• | Intermediate Capital Group PLC is a U.K.-headquartered investment firm with a strong position in the private debt and equity markets. Intermediate Capital Group ended the year among the Fund’s top detractors because, for the first nine months of the year, the company was weighed down by concerns over the impact of rising interest rates on new issuance of debt. However, in the fourth quarter of 2022, as these concerns reached an inflection point, there was a reversal in investor sentiment and the stock bounced back strongly. We believe private debt is an interesting and underfollowed asset class versus its equity counterpart, and we like the Fund’s position in this name. |
Columbia Acorn Family of Funds | Annual Report 2022 | 25 |
Columbia Acorn European FundSM (Unaudited)
• | Munters Group is a Swedish company that provides stand-alone dehumidification and air treatment solutions to the food, pharma, agriculture and electronics industries. Munters has consistently won large de-humidification contracts, causing it to report several quarters of consecutive record order book increases. Its energy-saving cooling solutions for data centers and de-humidification equipment for electric vehicle lithium-ion battery plants are in high demand. We are watching carefully if the company can overcome recent supply chain challenges to meet its target profitability level. Energy savings, especially in climate control, is an important theme for the Fund. |
• | Argenx SE is a well-managed Netherlands-based biotechnology company developing antibody-based medicines. At the end of 2021, the company received FDA approval for its first drug product, Vyvgart. During 2022, sales of the drug exceeded expectations. Additionally, investors have been optimistic about prospects for the company’s more convenient subcutaneous formulation, which is equally efficacious and expected to be approved in 2023. We remain optimistic this positive momentum will continue, especially as direct competition seems to be two to three years behind. |
• | Inter Parfums designs and markets a portfolio of fragrances for 20+ mass and luxury brands under license agreements. In 2022, the company’s strong portfolio of brands enjoyed a recovery in a post-COVID re-opening that has seen a return to perfume usage. In addition, the stock received a boost during the period when the company signed an exclusive fragrance license agreement with fashion sports brand, Lacoste, to create, develop, produce and market all perfume and cosmetics lines. |
26 | Columbia Acorn Family of Funds | Annual Report 2022 |
(Unaudited)
July 1, 2022 — December 31, 2022 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Columbia Acorn® Fund | |||||||
Class A | 1,000.00 | 1,000.00 | 1,047.60 | 1,019.75 | 5.44 | 5.37 | 1.06 |
Advisor Class | 1,000.00 | 1,000.00 | 1,049.60 | 1,021.01 | 4.16 | 4.10 | 0.81 |
Class C | 1,000.00 | 1,000.00 | 1,043.60 | 1,016.04 | 9.22 | 9.10 | 1.80 |
Institutional Class | 1,000.00 | 1,000.00 | 1,050.40 | 1,021.01 | 4.16 | 4.10 | 0.81 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,049.90 | 1,021.16 | 4.01 | 3.95 | 0.78 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,050.10 | 1,021.21 | 3.96 | 3.90 | 0.77 |
Columbia Acorn Family of Funds | Annual Report 2022 | 27 |
(Unaudited)
July 1, 2022 — December 31, 2022 | |||||||
Account value at the beginning of the period ($) | 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 | 1,035.90 | 1,018.90 | 6.28 | 6.23 | 1.23 |
Advisor Class | 1,000.00 | 1,000.00 | 1,037.60 | 1,020.16 | 5.01 | 4.96 | 0.98 |
Class C | 1,000.00 | 1,000.00 | 1,032.40 | 1,015.14 | 10.09 | 10.00 | 1.98 |
Institutional Class | 1,000.00 | 1,000.00 | 1,037.70 | 1,020.16 | 5.01 | 4.96 | 0.98 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,037.70 | 1,020.46 | 4.70 | 4.66 | 0.92 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,037.50 | 1,020.66 | 4.49 | 4.46 | 0.88 |
Class R | 1,000.00 | 1,000.00 | 1,035.00 | 1,017.65 | 7.55 | 7.49 | 1.48 |
Columbia Acorn USA® | |||||||
Class A | 1,000.00 | 1,000.00 | 1,046.50 | 1,019.65 | 5.54 | 5.47 | 1.08 |
Advisor Class | 1,000.00 | 1,000.00 | 1,047.00 | 1,020.91 | 4.26 | 4.20 | 0.83 |
Class C | 1,000.00 | 1,000.00 | 1,041.80 | 1,015.89 | 9.37 | 9.25 | 1.83 |
Institutional Class | 1,000.00 | 1,000.00 | 1,046.60 | 1,020.91 | 4.26 | 4.20 | 0.83 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,047.40 | 1,021.06 | 4.11 | 4.05 | 0.80 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,047.70 | 1,021.26 | 3.90 | 3.85 | 0.76 |
Columbia Acorn International SelectSM | |||||||
Class A | 1,000.00 | 1,000.00 | 989.40 | 1,018.80 | 6.23 | 6.33 | 1.25 |
Advisor Class | 1,000.00 | 1,000.00 | 991.10 | 1,020.05 | 4.99 | 5.06 | 1.00 |
Class C | 1,000.00 | 1,000.00 | 985.60 | 1,015.04 | 9.96 | 10.10 | 2.00 |
Institutional Class | 1,000.00 | 1,000.00 | 991.00 | 1,020.05 | 4.99 | 5.06 | 1.00 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 991.50 | 1,020.61 | 4.44 | 4.51 | 0.89 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 991.50 | 1,020.86 | 4.19 | 4.26 | 0.84 |
Columbia Acorn European FundSM | |||||||
Class A | 1,000.00 | 1,000.00 | 1,016.30 | 1,017.80 | 7.33 | 7.33 | 1.45 |
Advisor Class | 1,000.00 | 1,000.00 | 1,017.10 | 1,019.05 | 6.07 | 6.07 | 1.20 |
Class C | 1,000.00 | 1,000.00 | 1,012.80 | 1,014.04 | 11.10 | 11.11 | 2.20 |
Institutional Class | 1,000.00 | 1,000.00 | 1,017.60 | 1,019.05 | 6.07 | 6.07 | 1.20 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,017.90 | 1,019.35 | 5.77 | 5.77 | 1.14 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,018.20 | 1,019.50 | 5.62 | 5.62 | 1.11 |
July 1, 2022 — December 31, 2022 | ||||||||||
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 | 991.70 | 1,022.61 | 2.45 | 2.48 | 0.49 | 4.24 | 4.31 | 0.85 |
Advisor Class | 1,000.00 | 1,000.00 | 993.50 | 1,023.87 | 1.20 | 1.22 | 0.24 | 3.00 | 3.04 | 0.60 |
Class C | 1,000.00 | 1,000.00 | 988.20 | 1,018.85 | 6.18 | 6.28 | 1.24 | 7.97 | 8.10 | 1.60 |
Institutional Class | 1,000.00 | 1,000.00 | 992.80 | 1,023.87 | 1.20 | 1.22 | 0.24 | 3.00 | 3.04 | 0.60 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 993.40 | 1,024.07 | 1.00 | 1.01 | 0.20 | 2.80 | 2.84 | 0.56 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 993.80 | 1,024.27 | 0.80 | 0.81 | 0.16 | 2.60 | 2.64 | 0.52 |
28 | Columbia Acorn Family of Funds | Annual Report 2022 |
(Unaudited)
Columbia Acorn Family of Funds | Annual Report 2022 | 29 |
Columbia Acorn® Fund, December 31, 2022
Common Stocks 97.2% | ||
Issuer | Shares | Value ($) |
Communication Services 2.6% | ||
Entertainment 1.6% | ||
Take-Two Interactive Software, Inc.(a) | 388,309 | 40,434,616 |
Media 1.0% | ||
Trade Desk, Inc. (The), Class A(a) | 549,801 | 24,647,579 |
Total Communication Services | 65,082,195 | |
Consumer Discretionary 18.5% | ||
Auto Components 0.9% | ||
Dorman Products, Inc.(a) | 291,841 | 23,601,182 |
Diversified Consumer Services 2.4% | ||
Bright Horizons Family Solutions, Inc.(a) | 578,074 | 36,476,469 |
Chegg, Inc.(a) | 880,056 | 22,239,015 |
Total | 58,715,484 | |
Hotels, Restaurants & Leisure 7.2% | ||
Churchill Downs, Inc. | 274,113 | 57,955,712 |
Planet Fitness, Inc., Class A(a) | 677,884 | 53,417,259 |
Wingstop, Inc. | 493,783 | 67,954,416 |
Total | 179,327,387 | |
Household Durables 2.3% | ||
Skyline Champion Corp.(a) | 1,104,814 | 56,908,969 |
Internet & Direct Marketing Retail 1.0% | ||
Etsy, Inc.(a) | 203,287 | 24,349,717 |
Specialty Retail 4.7% | ||
Five Below, Inc.(a) | 382,265 | 67,611,211 |
Floor & Decor Holdings, Inc., Class A(a) | 277,987 | 19,356,235 |
Williams-Sonoma, Inc. | 264,009 | 30,339,914 |
Total | 117,307,360 | |
Total Consumer Discretionary | 460,210,099 | |
Consumer Staples 2.4% | ||
Food & Staples Retailing 0.7% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 250,162 | 16,550,718 |
Household Products 1.7% | ||
WD-40 Co. | 261,685 | 42,186,239 |
Total Consumer Staples | 58,736,957 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Energy 3.7% | ||
Oil, Gas & Consumable Fuels 3.7% | ||
Antero Resources Corp.(a) | 765,755 | 23,730,748 |
Diamondback Energy, Inc. | 257,680 | 35,245,470 |
Matador Resources Co. | 587,042 | 33,602,284 |
Total | 92,578,502 | |
Total Energy | 92,578,502 | |
Financials 6.7% | ||
Banks 1.8% | ||
Lakeland Financial Corp. | 196,978 | 14,373,484 |
Pinnacle Financial Partners, Inc. | 403,897 | 29,646,040 |
Total | 44,019,524 | |
Capital Markets 3.2% | ||
Ares Management Corp., Class A | 522,274 | 35,744,433 |
GCM Grosvenor, Inc., Class A(b) | 3,261,587 | 24,820,677 |
Houlihan Lokey, Inc., Class A | 217,781 | 18,981,792 |
Total | 79,546,902 | |
Insurance 1.7% | ||
Ryan Specialty Holdings, Inc., Class A(a) | 1,035,084 | 42,966,337 |
Total Financials | 166,532,763 | |
Health Care 18.4% | ||
Biotechnology 3.2% | ||
Exact Sciences Corp.(a) | 324,921 | 16,086,839 |
Insmed, Inc.(a) | 842,546 | 16,834,069 |
Intellia Therapeutics, Inc.(a) | 183,000 | 6,384,870 |
Natera, Inc.(a) | 993,550 | 39,910,903 |
Total | 79,216,681 | |
Health Care Equipment & Supplies 3.4% | ||
Axonics, Inc.(a) | 129,274 | 8,083,503 |
Inspire Medical Systems, Inc.(a) | 111,666 | 28,126,432 |
Insulet Corp.(a) | 166,703 | 49,075,696 |
Total | 85,285,631 |
30 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn® Fund, December 31, 2022
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Providers & Services 4.4% | ||
Amedisys, Inc.(a) | 394,573 | 32,962,628 |
Chemed Corp. | 141,985 | 72,473,404 |
P3 Health Partners, Inc., Class A(a),(b) | 2,500,000 | 4,600,000 |
Total | 110,036,032 | |
Health Care Technology 0.4% | ||
Doximity, Inc., Class A(a) | 323,894 | 10,869,883 |
Life Sciences Tools & Services 7.0% | ||
Bio-Techne Corp. | 814,904 | 67,539,243 |
Repligen Corp.(a) | 340,265 | 57,610,267 |
West Pharmaceutical Services, Inc. | 205,533 | 48,372,192 |
Total | 173,521,702 | |
Total Health Care | 458,929,929 | |
Industrials 20.1% | ||
Aerospace & Defense 2.8% | ||
Axon Enterprise, Inc.(a) | 215,461 | 35,751,444 |
Curtiss-Wright Corp. | 208,261 | 34,777,504 |
Total | 70,528,948 | |
Building Products 1.3% | ||
Simpson Manufacturing Co., Inc. | 166,499 | 14,761,801 |
Trex Company, Inc.(a) | 413,582 | 17,506,926 |
Total | 32,268,727 | |
Commercial Services & Supplies 1.2% | ||
Rollins, Inc. | 789,964 | 28,865,285 |
Electrical Equipment 3.6% | ||
AMETEK, Inc. | 278,820 | 38,956,730 |
Atkore, Inc.(a) | 257,702 | 29,228,561 |
Generac Holdings, Inc.(a) | 208,119 | 20,949,259 |
Total | 89,134,550 | |
Machinery 5.5% | ||
Evoqua Water Technologies Corp.(a) | 721,704 | 28,579,478 |
Ingersoll Rand, Inc. | 365,482 | 19,096,434 |
Middleby Corp. (The)(a) | 375,993 | 50,345,463 |
SPX Technologies, Inc.(a) | 582,255 | 38,225,041 |
Total | 136,246,416 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Professional Services 3.5% | ||
CoStar Group, Inc.(a) | 722,346 | 55,822,899 |
ICF International, Inc. | 330,012 | 32,687,689 |
Total | 88,510,588 | |
Trading Companies & Distributors 2.2% | ||
SiteOne Landscape Supply, Inc.(a) | 473,575 | 55,559,819 |
Total Industrials | 501,114,333 | |
Information Technology 19.3% | ||
Communications Equipment 0.7% | ||
Calix, Inc.(a) | 239,070 | 16,359,560 |
Electronic Equipment, Instruments & Components 1.8% | ||
CDW Corp. | 250,791 | 44,786,257 |
IT Services 3.6% | ||
Endava PLC, ADR(a) | 227,592 | 17,410,788 |
MongoDB, Inc.(a) | 234,701 | 46,198,545 |
VeriSign, Inc.(a) | 125,888 | 25,862,430 |
Total | 89,471,763 | |
Semiconductors & Semiconductor Equipment 1.9% | ||
Monolithic Power Systems, Inc. | 92,607 | 32,746,761 |
Wolfspeed, Inc.(a) | 220,093 | 15,195,221 |
Total | 47,941,982 | |
Software 11.3% | ||
Bill.com Holdings, Inc.(a) | 210,341 | 22,918,755 |
Crowdstrike Holdings, Inc., Class A(a) | 330,299 | 34,777,182 |
Datadog, Inc., Class A(a) | 295,613 | 21,727,556 |
Five9, Inc.(a) | 680,319 | 46,166,447 |
HubSpot, Inc.(a) | 115,063 | 33,268,165 |
Paycom Software, Inc.(a) | 207,487 | 64,385,291 |
Sprout Social, Inc., Class A(a) | 230,834 | 13,032,888 |
Workiva, Inc., Class A(a) | 285,752 | 23,994,595 |
Zscaler, Inc.(a) | 199,415 | 22,314,539 |
Total | 282,585,418 | |
Total Information Technology | 481,144,980 |
Columbia Acorn Family of Funds | Annual Report 2022 | 31 |
Columbia Acorn® Fund, December 31, 2022
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Materials 2.5% | ||
Chemicals 1.7% | ||
Albemarle Corp. | 76,395 | 16,567,020 |
Avient Corp. | 750,897 | 25,350,283 |
Total | 41,917,303 | |
Construction Materials 0.8% | ||
Vulcan Materials Co. | 107,121 | 18,757,958 |
Total Materials | 60,675,261 | |
Real Estate 3.0% | ||
Real Estate Management & Development 3.0% | ||
Colliers International Group, Inc. | 517,006 | 47,585,232 |
FirstService Corp. | 209,311 | 25,651,063 |
Total | 73,236,295 | |
Total Real Estate | 73,236,295 | |
Total Common Stocks (Cost $2,444,055,714) | 2,418,241,314 | |
Money Market Funds 3.0% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 4.318%(b),(c) | 75,795,925 | 75,773,186 |
Total Money Market Funds (Cost $75,768,189) | 75,773,186 | |
Total Investments in Securities (Cost: $2,519,823,903) | 2,494,014,500 | |
Other Assets & Liabilities, Net | (4,765,380) | |
Net Assets | 2,489,249,120 |
(a) | Non-income producing investment. |
(b) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 4.318% | ||||||||
81,660,901 | 1,176,748,138 | (1,182,640,172) | 4,319 | 75,773,186 | 2,661 | 1,044,015 | 75,795,925 | |
GCM Grosvenor, Inc., Class A | ||||||||
23,373,000 | 8,782,055 | — | (7,334,378) | 24,820,677 | — | 1,233,692 | 3,261,587 | |
P3 Health Partners, Inc., Class A‡ | ||||||||
— | — | — | (20,400,000) | 4,600,000 | — | — | 2,500,000 | |
Total | 105,033,901 | (27,730,059) | 105,193,863 | 2,661 | 2,277,707 |
‡ | Issuer was not an affiliate at the beginning of period. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2022. |
ADR | American Depositary Receipt |
■ | Level 1 – quoted prices in active markets for identical securities |
32 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn® Fund, December 31, 2022
■ | 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 | 65,082,195 | — | — | 65,082,195 |
Consumer Discretionary | 460,210,099 | — | — | 460,210,099 |
Consumer Staples | 58,736,957 | — | — | 58,736,957 |
Energy | 92,578,502 | — | — | 92,578,502 |
Financials | 166,532,763 | — | — | 166,532,763 |
Health Care | 458,929,929 | — | — | 458,929,929 |
Industrials | 501,114,333 | — | — | 501,114,333 |
Information Technology | 481,144,980 | — | — | 481,144,980 |
Materials | 60,675,261 | — | — | 60,675,261 |
Real Estate | 73,236,295 | — | — | 73,236,295 |
Total Common Stocks | 2,418,241,314 | — | — | 2,418,241,314 |
Money Market Funds | 75,773,186 | — | — | 75,773,186 |
Total Investments in Securities | 2,494,014,500 | — | — | 2,494,014,500 |
Columbia Acorn Family of Funds | Annual Report 2022 | 33 |
Columbia Acorn International®, December 31, 2022
Common Stocks 98.8% | ||
Issuer | Shares | Value ($) |
Australia 6.4% | ||
Bapcor Ltd. | 2,817,959 | 12,348,658 |
carsales.com Ltd. | 1,163,917 | 16,379,275 |
IDP Education Ltd. | 1,682,669 | 31,010,301 |
Johns Lyng Group Ltd. | 3,025,695 | 12,721,415 |
Pro Medicus Ltd. | 268,576 | 10,038,199 |
Total | 82,497,848 | |
Austria 0.5% | ||
Kontron AG(a) | 362,372 | 5,906,851 |
Brazil 1.0% | ||
TOTVS SA | 2,456,209 | 12,849,187 |
Canada 4.6% | ||
Altus Group Ltd.(a) | 430,766 | 17,192,463 |
ARC Resources Ltd.(a) | 494,553 | 6,665,873 |
Osisko Gold Royalties Ltd. | 2,367,857 | 28,540,197 |
Whitecap Resources, Inc. | 913,546 | 7,246,295 |
Total | 59,644,828 | |
China 2.3% | ||
Shenzhou International Group Holdings Ltd. | 1,035,100 | 11,543,287 |
Silergy Corp. | 1,254,000 | 17,712,646 |
Total | 29,255,933 | |
Denmark 2.8% | ||
ALK-Abello A/S(b) | 1,521,219 | 21,219,577 |
Netcompany Group AS(b) | 362,909 | 15,442,621 |
Total | 36,662,198 | |
Finland 2.2% | ||
Valmet OYJ | 1,028,541 | 27,765,152 |
France 0.8% | ||
Robertet SA | 11,095 | 9,936,382 |
Germany 6.0% | ||
Amadeus Fire AG | 34,405 | 4,246,249 |
Eckert & Ziegler Strahlen- und Medizintechnik AG | 395,968 | 19,569,759 |
Hypoport SE(b) | 95,379 | 9,899,560 |
Jenoptik AG | 969,576 | 26,370,819 |
Nemetschek SE | 322,355 | 16,480,836 |
Total | 76,567,223 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Italy 3.7% | ||
Amplifon SpA | 696,713 | 20,803,703 |
Carel Industries SpA | 306,550 | 7,711,977 |
GVS SpA(b) | 1,419,848 | 6,169,270 |
Nexi SpA(b) | 1,574,414 | 12,428,330 |
Total | 47,113,280 | |
Japan 14.7% | ||
CyberAgent, Inc. | 1,414,600 | 12,593,879 |
Daiseki Co., Ltd. | 953,519 | 32,727,839 |
Disco Corp. | 69,300 | 19,751,960 |
Fuso Chemical Co., Ltd. | 522,400 | 13,397,170 |
Hikari Tsushin, Inc. | 217,728 | 30,646,141 |
Hoshizaki Corp. | 830,200 | 29,191,521 |
NSD Co., Ltd. | 447,800 | 7,738,900 |
Obic Co., Ltd. | 97,500 | 14,313,884 |
Seiren Co., Ltd. | 309,000 | 5,663,930 |
Simplex Holdings, Inc. | 794,300 | 12,551,027 |
Solasto Corp. | 1,875,800 | 10,259,714 |
Total | 188,835,965 | |
Mexico 2.1% | ||
Corporación Inmobiliaria Vesta SAB de CV | 11,645,314 | 27,597,598 |
Netherlands 3.6% | ||
Argenx SE, ADR(b) | 17,265 | 6,540,500 |
BE Semiconductor Industries NV | 104,732 | 6,382,466 |
IMCD NV | 230,066 | 32,909,003 |
Total | 45,831,969 | |
New Zealand 2.1% | ||
Fisher & Paykel Healthcare Corp., Ltd. | 1,906,301 | 27,275,526 |
South Korea 4.4% | ||
Jeisys Medical, Inc. | 2,322,373 | 15,727,360 |
KEPCO Plant Service & Engineering Co., Ltd.(b) | 245,542 | 6,445,910 |
Koh Young Technology, Inc.(b) | 1,073,581 | 10,891,218 |
Korea Investment Holdings Co., Ltd.(b) | 565,920 | 24,016,642 |
Total | 57,081,130 | |
Spain 0.7% | ||
Befesa SA | 174,753 | 8,429,930 |
34 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn International®, December 31, 2022
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sweden 9.7% | ||
AddTech AB, B Shares | 1,788,406 | 25,531,615 |
Dometic Group AB | 1,186,295 | 7,674,643 |
Hexagon AB, Class B | 4,198,732 | 44,024,092 |
Munters Group AB | 2,328,569 | 22,956,751 |
Sectra AB, Class B(b) | 1,210,509 | 17,309,206 |
Sweco AB, Class B | 772,261 | 7,405,540 |
Total | 124,901,847 | |
Switzerland 4.0% | ||
Belimo Holding AG, Registered Shares | 62,595 | 29,862,695 |
Inficon Holding AG | 25,186 | 22,053,070 |
Total | 51,915,765 | |
Taiwan 5.3% | ||
Parade Technologies Ltd. | 771,000 | 19,319,151 |
Sinbon Electronics Co., Ltd. | 2,217,000 | 19,804,594 |
Universal Vision Biotechnology Co., Ltd. | 1,105,550 | 10,731,215 |
Voltronic Power Technology Corp. | 367,408 | 18,433,488 |
Total | 68,288,448 | |
United Kingdom 17.7% | ||
Abcam PLC, ADR(b) | 1,192,169 | 18,550,150 |
Auto Trader Group PLC | 3,058,899 | 19,048,849 |
Dechra Pharmaceuticals PLC | 785,627 | 24,762,819 |
Diploma PLC | 595,928 | 20,033,708 |
Genus PLC | 455,892 | 16,365,906 |
Halma PLC | 630,872 | 15,024,186 |
Intermediate Capital Group PLC | 2,325,589 | 32,109,831 |
Rentokil Initial PLC | 2,929,586 | 17,998,696 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Rightmove PLC | 4,822,464 | 29,833,885 |
Safestore Holdings PLC | 1,323,802 | 15,095,844 |
Spirax-Sarco Engineering PLC | 149,106 | 19,045,397 |
Total | 227,869,271 | |
United States 2.7% | ||
Inter Parfums, Inc. | 357,797 | 34,534,566 |
Vietnam 1.5% | ||
Asia Commercial Bank JSC(b) | 9,760,665 | 9,058,981 |
FPT Corp. | 3,038,340 | 9,896,989 |
Total | 18,955,970 | |
Total Common Stocks (Cost $1,087,628,692) | 1,269,716,867 | |
Securities Lending Collateral 1.4% | ||
Dreyfus Government Cash Management Fund, Institutional Shares, 4.190%(c),(d) | 17,725,620 | 17,725,620 |
Total Securities Lending Collateral (Cost $17,725,620) | 17,725,620 | |
Money Market Funds 0.9% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 4.318%(c),(e) | 10,831,588 | 10,828,339 |
Total Money Market Funds (Cost $10,827,278) | 10,828,339 | |
Total Investments in Securities (Cost $1,116,181,590) | 1,298,270,826 | |
Obligation to Return Collateral for Securities Loaned | (17,725,620) | |
Other Assets & Liabilities, Net | 4,181,207 | |
Net Assets | $1,284,726,413 |
(a) | All or a portion of this security was on loan at December 31, 2022. The total market value of securities on loan at December 31, 2022 was $16,762,998. |
(b) | Non-income producing investment. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2022. |
(d) | Investment made with cash collateral received from securities lending activity. |
Columbia Acorn Family of Funds | Annual Report 2022 | 35 |
Columbia Acorn International®, December 31, 2022
(e) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 4.318% | ||||||||
22,664,312 | 401,580,830 | (413,417,864) | 1,061 | 10,828,339 | (1,729) | 295,501 | 10,831,588 |
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 | — | 82,497,848 | — | 82,497,848 |
Austria | — | 5,906,851 | — | 5,906,851 |
Brazil | 12,849,187 | — | — | 12,849,187 |
Canada | 59,644,828 | — | — | 59,644,828 |
China | — | 29,255,933 | — | 29,255,933 |
Denmark | — | 36,662,198 | — | 36,662,198 |
Finland | — | 27,765,152 | — | 27,765,152 |
France | — | 9,936,382 | — | 9,936,382 |
Germany | — | 76,567,223 | — | 76,567,223 |
Italy | — | 47,113,280 | — | 47,113,280 |
Japan | — | 188,835,965 | — | 188,835,965 |
Mexico | 27,597,598 | — | — | 27,597,598 |
36 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn International®, December 31, 2022
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Netherlands | 6,540,500 | 39,291,469 | — | 45,831,969 |
New Zealand | — | 27,275,526 | — | 27,275,526 |
South Korea | — | 57,081,130 | — | 57,081,130 |
Spain | — | 8,429,930 | — | 8,429,930 |
Sweden | — | 124,901,847 | — | 124,901,847 |
Switzerland | — | 51,915,765 | — | 51,915,765 |
Taiwan | — | 68,288,448 | — | 68,288,448 |
United Kingdom | 18,550,150 | 209,319,121 | — | 227,869,271 |
United States | 34,534,566 | — | — | 34,534,566 |
Vietnam | — | 18,955,970 | — | 18,955,970 |
Total Common Stocks | 159,716,829 | 1,110,000,038 | — | 1,269,716,867 |
Securities Lending Collateral | 17,725,620 | — | — | 17,725,620 |
Money Market Funds | 10,828,339 | — | — | 10,828,339 |
Total Investments in Securities | 188,270,788 | 1,110,000,038 | — | 1,298,270,826 |
Columbia Acorn Family of Funds | Annual Report 2022 | 37 |
Columbia Acorn USA®, December 31, 2022
Common Stocks 97.4% | ||
Issuer | Shares | Value ($) |
Communication Services 2.6% | ||
Entertainment 1.6% | ||
Take-Two Interactive Software, Inc.(a) | 24,645 | 2,566,284 |
Media 1.0% | ||
Trade Desk, Inc. (The), Class A(a) | 34,894 | 1,564,298 |
Total Communication Services | 4,130,582 | |
Consumer Discretionary 18.5% | ||
Auto Components 0.9% | ||
Dorman Products, Inc.(a) | 18,522 | 1,497,874 |
Diversified Consumer Services 2.4% | ||
Bright Horizons Family Solutions, Inc.(a) | 36,688 | 2,315,013 |
Chegg, Inc.(a) | 55,854 | 1,411,430 |
Total | 3,726,443 | |
Hotels, Restaurants & Leisure 7.2% | ||
Churchill Downs, Inc. | 17,397 | 3,678,248 |
Planet Fitness, Inc., Class A(a) | 43,023 | 3,390,212 |
Wingstop, Inc. | 31,339 | 4,312,873 |
Total | 11,381,333 | |
Household Durables 2.3% | ||
Skyline Champion Corp.(a) | 70,118 | 3,611,778 |
Internet & Direct Marketing Retail 1.0% | ||
Etsy, Inc.(a) | 12,902 | 1,545,402 |
Specialty Retail 4.7% | ||
Five Below, Inc.(a) | 24,261 | 4,291,043 |
Floor & Decor Holdings, Inc., Class A(a) | 17,643 | 1,228,482 |
Williams-Sonoma, Inc. | 16,756 | 1,925,600 |
Total | 7,445,125 | |
Total Consumer Discretionary | 29,207,955 | |
Consumer Staples 2.4% | ||
Food & Staples Retailing 0.7% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 15,877 | 1,050,422 |
Household Products 1.7% | ||
WD-40 Co. | 16,608 | 2,677,376 |
Total Consumer Staples | 3,727,798 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Energy 3.7% | ||
Oil, Gas & Consumable Fuels 3.7% | ||
Antero Resources Corp.(a) | 48,600 | 1,506,114 |
Diamondback Energy, Inc. | 16,354 | 2,236,900 |
Matador Resources Co. | 37,257 | 2,132,591 |
Total | 5,875,605 | |
Total Energy | 5,875,605 | |
Financials 6.7% | ||
Banks 1.8% | ||
Lakeland Financial Corp. | 12,501 | 912,198 |
Pinnacle Financial Partners, Inc. | 25,634 | 1,881,536 |
Total | 2,793,734 | |
Capital Markets 3.2% | ||
Ares Management Corp., Class A | 33,147 | 2,268,581 |
GCM Grosvenor, Inc., Class A(b) | 207,001 | 1,575,278 |
Houlihan Lokey, Inc., Class A | 13,822 | 1,204,725 |
Total | 5,048,584 | |
Insurance 1.7% | ||
Ryan Specialty Holdings, Inc., Class A(a) | 65,693 | 2,726,916 |
Total Financials | 10,569,234 | |
Health Care 18.7% | ||
Biotechnology 3.2% | ||
Exact Sciences Corp.(a) | 20,622 | 1,020,995 |
Insmed, Inc.(a) | 53,473 | 1,068,391 |
Intellia Therapeutics, Inc.(a) | 11,614 | 405,212 |
Natera, Inc.(a) | 63,057 | 2,533,000 |
Total | 5,027,598 | |
Health Care Equipment & Supplies 3.4% | ||
Axonics, Inc.(a) | 8,040 | 502,741 |
Inspire Medical Systems, Inc.(a) | 7,087 | 1,785,074 |
Insulet Corp.(a) | 10,580 | 3,114,646 |
Total | 5,402,461 |
38 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn USA®, December 31, 2022
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Providers & Services 4.4% | ||
Amedisys, Inc.(a) | 25,042 | 2,092,009 |
Chemed Corp. | 9,011 | 4,599,485 |
P3 Health Partners, Inc., Class A(a),(b) | 158,666 | 291,945 |
Total | 6,983,439 | |
Health Care Technology 0.5% | ||
Doximity, Inc., Class A(a) | 20,556 | 689,859 |
Life Sciences Tools & Services 7.2% | ||
Bio-Techne Corp. | 51,719 | 4,286,471 |
DNA Script(a),(c),(d),(e) | 1,139 | 354,568 |
Repligen Corp.(a) | 21,595 | 3,656,250 |
West Pharmaceutical Services, Inc. | 13,044 | 3,069,905 |
Total | 11,367,194 | |
Total Health Care | 29,470,551 | |
Industrials 20.1% | ||
Aerospace & Defense 2.8% | ||
Axon Enterprise, Inc.(a) | 13,675 | 2,269,093 |
Curtiss-Wright Corp. | 13,218 | 2,207,274 |
Total | 4,476,367 | |
Building Products 1.3% | ||
Simpson Manufacturing Co., Inc. | 10,567 | 936,870 |
Trex Company, Inc.(a) | 26,248 | 1,111,078 |
Total | 2,047,948 | |
Commercial Services & Supplies 1.2% | ||
Rollins, Inc. | 50,136 | 1,831,969 |
Electrical Equipment 3.6% | ||
AMETEK, Inc. | 17,696 | 2,472,485 |
Atkore, Inc.(a) | 16,355 | 1,854,984 |
Generac Holdings, Inc.(a) | 13,209 | 1,329,618 |
Total | 5,657,087 | |
Machinery 5.5% | ||
Evoqua Water Technologies Corp.(a) | 45,804 | 1,813,838 |
Ingersoll Rand, Inc. | 23,196 | 1,211,991 |
Middleby Corp. (The)(a) | 23,863 | 3,195,256 |
SPX Technologies, Inc.(a) | 36,954 | 2,426,030 |
Total | 8,647,115 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Professional Services 3.5% | ||
CoStar Group, Inc.(a) | 45,845 | 3,542,902 |
ICF International, Inc. | 20,945 | 2,074,602 |
Total | 5,617,504 | |
Trading Companies & Distributors 2.2% | ||
SiteOne Landscape Supply, Inc.(a) | 30,056 | 3,526,170 |
Total Industrials | 31,804,160 | |
Information Technology 19.3% | ||
Communications Equipment 0.7% | ||
Calix, Inc.(a) | 15,173 | 1,038,288 |
Electronic Equipment, Instruments & Components 1.8% | ||
CDW Corp. | 15,917 | 2,842,458 |
IT Services 3.6% | ||
Endava PLC, ADR(a) | 14,444 | 1,104,966 |
MongoDB, Inc.(a) | 14,896 | 2,932,129 |
VeriSign, Inc.(a) | 7,990 | 1,641,465 |
Total | 5,678,560 | |
Semiconductors & Semiconductor Equipment 1.9% | ||
Monolithic Power Systems, Inc. | 5,877 | 2,078,166 |
Wolfspeed, Inc.(a) | 13,968 | 964,351 |
Total | 3,042,517 | |
Software 11.3% | ||
Bill.com Holdings, Inc.(a) | 13,350 | 1,454,616 |
Crowdstrike Holdings, Inc., Class A(a) | 20,963 | 2,207,194 |
Datadog, Inc., Class A(a) | 18,761 | 1,378,934 |
Five9, Inc.(a) | 43,177 | 2,929,991 |
HubSpot, Inc.(a) | 7,303 | 2,111,516 |
Paycom Software, Inc.(a) | 13,168 | 4,086,162 |
Sprout Social, Inc., Class A(a) | 14,650 | 827,139 |
Workiva, Inc., Class A(a) | 18,136 | 1,522,880 |
Zscaler, Inc.(a) | 12,656 | 1,416,207 |
Total | 17,934,639 | |
Total Information Technology | 30,536,462 |
Columbia Acorn Family of Funds | Annual Report 2022 | 39 |
Columbia Acorn USA®, December 31, 2022
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Materials 2.4% | ||
Chemicals 1.7% | ||
Albemarle Corp. | 4,849 | 1,051,554 |
Avient Corp. | 47,657 | 1,608,900 |
Total | 2,660,454 | |
Construction Materials 0.7% | ||
Vulcan Materials Co. | 6,799 | 1,190,573 |
Total Materials | 3,851,027 | |
Real Estate 3.0% | ||
Real Estate Management & Development 3.0% | ||
Colliers International Group, Inc. | 32,812 | 3,020,017 |
FirstService Corp. | 13,284 | 1,627,954 |
Total | 4,647,971 | |
Total Real Estate | 4,647,971 | |
Total Common Stocks (Cost $154,999,349) | 153,821,345 | |
Securities Lending Collateral 0.3% | ||
Issuer | Shares | Value ($) |
Dreyfus Government Cash Management Fund, Institutional Shares, 4.190%(f),(g) | 493,800 | 493,800 |
Total Securities Lending Collateral (Cost $493,800) | 493,800 | |
Money Market Funds 2.9% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 4.318%(f),(h) | 4,533,180 | 4,531,820 |
Total Money Market Funds (Cost $4,531,065) | 4,531,820 | |
Total Investments in Securities (Cost: $160,024,214) | 158,846,965 | |
Obligation to Return Collateral for Securities Loaned | (493,800) | |
Other Assets & Liabilities, Net | (435,730) | |
Net Assets | 157,917,435 |
(a) | Non-income producing investment. |
(b) | All or a portion of this security was on loan at December 31, 2022. The total market value of securities on loan at December 31, 2022 was $461,096. |
(c) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At December 31, 2022, the total value of these securities amounted to $354,568, which represents 0.22% 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, 2022, the total market value of these securities amounted to $354,568, which represents 0.22% of total net assets. Additional information on these securities is as follows: |
Security | Acquisition Dates | Shares | Cost ($) | Value ($) |
DNA Script | 10/01/2021 | 1,139 | 993,179 | 354,568 |
(e) | Valuation based on significant unobservable inputs. |
(f) | The rate shown is the seven-day current annualized yield at December 31, 2022. |
(g) | Investment made with cash collateral received from securities lending activity. |
(h) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 4.318% | ||||||||
8,759,126 | 94,687,901 | (98,915,964) | 757 | 4,531,820 | (626) | 80,901 | 4,533,180 |
40 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn USA®, December 31, 2022
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 | 4,130,582 | — | — | 4,130,582 |
Consumer Discretionary | 29,207,955 | — | — | 29,207,955 |
Consumer Staples | 3,727,798 | — | — | 3,727,798 |
Energy | 5,875,605 | — | — | 5,875,605 |
Financials | 10,569,234 | — | — | 10,569,234 |
Health Care | 29,115,983 | — | 354,568 | 29,470,551 |
Industrials | 31,804,160 | — | — | 31,804,160 |
Information Technology | 30,536,462 | — | — | 30,536,462 |
Materials | 3,851,027 | — | — | 3,851,027 |
Real Estate | 4,647,971 | — | — | 4,647,971 |
Total Common Stocks | 153,466,777 | — | 354,568 | 153,821,345 |
Securities Lending Collateral | 493,800 | — | — | 493,800 |
Money Market Funds | 4,531,820 | — | — | 4,531,820 |
Total Investments in Securities | 158,492,397 | — | 354,568 | 158,846,965 |
Columbia Acorn Family of Funds | Annual Report 2022 | 41 |
Columbia Acorn International SelectSM, December 31, 2022
Common Stocks 98.8% | ||
Issuer | Shares | Value ($) |
Australia 4.0% | ||
IDP Education Ltd. | 498,540 | 9,187,711 |
Brazil 2.8% | ||
TOTVS SA | 1,224,410 | 6,405,266 |
Canada 1.9% | ||
CCL Industries, Inc. | 100,323 | 4,285,585 |
China 7.0% | ||
NetEase, Inc., ADR | 70,202 | 5,098,771 |
Shenzhou International Group Holdings Ltd. | 581,500 | 6,484,805 |
Silergy Corp. | 304,000 | 4,293,975 |
Total | 15,877,551 | |
Denmark 1.7% | ||
ALK-Abello A/S(a) | 281,902 | 3,932,268 |
Finland 4.0% | ||
Valmet OYJ | 333,857 | 9,012,368 |
Germany 2.3% | ||
Nemetschek SE | 104,136 | 5,324,094 |
Italy 3.9% | ||
Amplifon SpA | 157,413 | 4,700,319 |
Nexi SpA(a) | 527,233 | 4,161,946 |
Total | 8,862,265 | |
Japan 13.1% | ||
Disco Corp. | 16,500 | 4,702,848 |
Hikari Tsushin, Inc. | 36,400 | 5,123,454 |
Hoshizaki Corp. | 104,700 | 3,681,465 |
Obic Co., Ltd. | 34,700 | 5,094,275 |
Recruit Holdings Co., Ltd. | 354,000 | 11,080,900 |
Total | 29,682,942 | |
Netherlands 4.0% | ||
IMCD NV | 62,927 | 9,001,177 |
New Zealand 3.9% | ||
Fisher & Paykel Healthcare Corp., Ltd. | 616,099 | 8,815,200 |
South Korea 2.4% | ||
Korea Investment Holdings Co., Ltd.(a) | 130,223 | 5,526,433 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sweden 11.3% | ||
Hexagon AB, Class B | 1,122,140 | 11,765,741 |
Sectra AB, Class B(a) | 662,356 | 9,471,104 |
Sweco AB, Class B | 451,411 | 4,328,773 |
Total | 25,565,618 | |
Switzerland 13.4% | ||
Belimo Holding AG, Registered Shares | 22,216 | 10,598,764 |
Lonza Group AG, Registered Shares | 20,777 | 10,198,920 |
Partners Group Holding AG | 11,025 | 9,762,459 |
Total | 30,560,143 | |
Taiwan 5.9% | ||
Parade Technologies Ltd. | 232,000 | 5,813,285 |
Voltronic Power Technology Corp. | 151,852 | 7,618,675 |
Total | 13,431,960 | |
United Kingdom 17.2% | ||
Dechra Pharmaceuticals PLC | 187,717 | 5,916,806 |
Diploma PLC | 192,398 | 6,467,972 |
Halma PLC | 195,633 | 4,658,990 |
Intermediate Capital Group PLC | 434,157 | 5,994,485 |
Rentokil Initial PLC | 923,540 | 5,674,015 |
Rightmove PLC | 1,021,675 | 6,320,531 |
Spirax-Sarco Engineering PLC | 31,083 | 3,970,250 |
Total | 39,003,049 | |
Total Common Stocks (Cost $222,314,262) | 224,473,630 | |
Money Market Funds 0.9% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 4.318%(b),(c) | 2,143,835 | 2,143,192 |
Total Money Market Funds (Cost $2,143,175) | 2,143,192 | |
Total Investments in Securities (Cost $224,457,437) | 226,616,822 | |
Other Assets & Liabilities, Net | 596,662 | |
Net Assets | $227,213,484 |
42 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn International SelectSM, December 31, 2022
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at December 31, 2022. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 4.318% | ||||||||
4,210,604 | 78,520,494 | (80,587,923) | 17 | 2,143,192 | (1,116) | 36,071 | 2,143,835 |
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 | — | 9,187,711 | — | 9,187,711 |
Brazil | 6,405,266 | — | — | 6,405,266 |
Canada | 4,285,585 | — | — | 4,285,585 |
China | 5,098,771 | 10,778,780 | — | 15,877,551 |
Denmark | — | 3,932,268 | — | 3,932,268 |
Finland | — | 9,012,368 | — | 9,012,368 |
Germany | — | 5,324,094 | — | 5,324,094 |
Italy | — | 8,862,265 | — | 8,862,265 |
Japan | — | 29,682,942 | — | 29,682,942 |
Netherlands | — | 9,001,177 | — | 9,001,177 |
New Zealand | — | 8,815,200 | — | 8,815,200 |
Columbia Acorn Family of Funds | Annual Report 2022 | 43 |
Columbia Acorn International SelectSM, December 31, 2022
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
South Korea | — | 5,526,433 | — | 5,526,433 |
Sweden | — | 25,565,618 | — | 25,565,618 |
Switzerland | — | 30,560,143 | — | 30,560,143 |
Taiwan | — | 13,431,960 | — | 13,431,960 |
United Kingdom | — | 39,003,049 | — | 39,003,049 |
Total Common Stocks | 15,789,622 | 208,684,008 | — | 224,473,630 |
Money Market Funds | 2,143,192 | — | — | 2,143,192 |
Total Investments in Securities | 17,932,814 | 208,684,008 | — | 226,616,822 |
44 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Thermostat FundSM, December 31, 2022
Equity Funds 13.5% | ||
Shares | Value ($) | |
International 1.5% | ||
Columbia Emerging Markets Fund, Institutional 3 Class(a),(b) | 1,794,642 | 20,889,634 |
U.S. Large Cap 9.0% | ||
Columbia Contrarian Core Fund, Institutional 3 Class(a) | 1,206,514 | 30,404,160 |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class(a) | 1,462,528 | 30,435,205 |
Columbia Large Cap Index Fund, Institutional 3 Class(a) | 1,401,415 | 61,073,643 |
Total | 121,913,008 | |
U.S. Mid Cap 1.5% | ||
Columbia Select Mid Cap Value Fund, Institutional 3 Class(a) | 1,729,649 | 20,582,824 |
U.S. Small Mid Cap 1.5% | ||
Columbia Acorn® Fund, Institutional 3 Class(a),(b) | 2,038,392 | 20,526,610 |
Total Equity Funds (Cost $174,419,480) | 183,912,076 | |
Exchange-Traded Equity Funds 1.5% | ||
U.S. Large Cap 1.5% | ||
Columbia Research Enhanced Core ETF(a) | 890,379 | 20,231,103 |
Total Exchange-Traded Equity Funds (Cost $19,098,748) | 20,231,103 | |
Exchange-Traded Fixed Income Funds 8.5% | ||
Multisector 8.5% | ||
Columbia Diversified Fixed Income Allocation ETF(a) | 6,658,630 | 115,127,713 |
Total Exchange-Traded Fixed Income Funds (Cost $132,394,928) | 115,127,713 | |
Fixed Income Funds 76.3% | ||
Shares | Value ($) | |
Investment Grade 76.3% | ||
Columbia Corporate Income Fund, Institutional 3 Class(a) | 13,143,466 | 114,873,896 |
Columbia Quality Income Fund, Institutional 3 Class(a) | 12,940,944 | 230,219,391 |
Columbia Short Term Bond Fund, Institutional 3 Class(a) | 18,426,091 | 172,099,694 |
Columbia Total Return Bond Fund, Institutional 3 Class(a) | 3,876,029 | 114,885,482 |
Columbia U.S. Treasury Index Fund, Institutional 3 Class(a) | 40,226,047 | 401,455,944 |
Total | 1,033,534,407 | |
Total Fixed Income Funds (Cost $1,169,095,487) | 1,033,534,407 | |
Money Market Funds 0.3% | ||
Columbia Short-Term Cash Fund, 4.318%(a),(c) | 3,994,203 | 3,993,005 |
Total Money Market Funds (Cost $3,993,004) | 3,993,005 | |
Total Investments in Securities (Cost: $1,499,001,647) | 1,356,798,304 | |
Other Assets & Liabilities, Net | (1,813,041) | |
Net Assets | 1,354,985,263 |
Columbia Acorn Family of Funds | Annual Report 2022 | 45 |
Columbia Thermostat FundSM, December 31, 2022
(a) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | 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® Fund, Institutional 3 Class | |||||||||
21,041,129 | 83,783,288 | (82,542,002) | (1,755,805) | 20,526,610 | 1,830,014 | (4,282,155) | — | 2,038,392 | |
Columbia Contrarian Core Fund, Institutional 3 Class | |||||||||
31,401,672 | 116,522,473 | (109,276,232) | (8,243,753) | 30,404,160 | 2,698,590 | 2,366,804 | 191,129 | 1,206,514 | |
Columbia Corporate Income Fund, Institutional 3 Class | |||||||||
186,858,848 | 66,338,069 | (122,017,497) | (16,305,524) | 114,873,896 | — | (16,381,285) | 4,453,012 | 13,143,466 | |
Columbia Diversified Fixed Income Allocation ETF | |||||||||
186,759,029 | 58,398,675 | (109,992,030) | (20,037,961) | 115,127,713 | — | (14,841,155) | 4,337,844 | 6,658,630 | |
Columbia Emerging Markets Fund, Institutional 3 Class | |||||||||
21,148,316 | 76,514,823 | (80,391,217) | 3,617,712 | 20,889,634 | — | (11,228,719) | — | 1,794,642 | |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class | |||||||||
31,422,661 | 118,368,764 | (114,916,058) | (4,440,162) | 30,435,205 | 4,535,571 | (2,597,221) | 475,166 | 1,462,528 | |
Columbia Large Cap Index Fund, Institutional 3 Class | |||||||||
62,412,872 | 240,668,293 | (227,447,003) | (14,560,519) | 61,073,643 | 10,558,587 | (1,966,655) | 1,164,050 | 1,401,415 | |
Columbia Quality Income Fund, Institutional 3 Class | |||||||||
373,669,379 | 136,208,876 | (244,080,212) | (35,578,652) | 230,219,391 | — | (27,491,986) | 7,909,106 | 12,940,944 | |
Columbia Research Enhanced Core ETF | |||||||||
18,034,082 | 77,605,525 | (71,997,222) | (3,411,282) | 20,231,103 | — | 2,210,208 | 285,402 | 890,379 | |
Columbia Select Mid Cap Value Fund, Institutional 3 Class | |||||||||
21,178,767 | 77,843,906 | (74,578,682) | (3,861,167) | 20,582,824 | 2,190,469 | 1,980,732 | 314,628 | 1,729,649 | |
Columbia Short Term Bond Fund, Institutional 3 Class | |||||||||
280,062,035 | 103,045,943 | (203,066,317) | (7,941,967) | 172,099,694 | — | (7,903,826) | 4,576,017 | 18,426,091 | |
Columbia Short-Term Cash Fund, 4.318% | |||||||||
3,640,167 | 289,846,278 | (289,493,441) | 1 | 3,993,005 | — | (2,017) | 82,720 | 3,994,203 | |
Columbia Total Return Bond Fund, Institutional 3 Class | |||||||||
186,937,454 | 69,728,739 | (122,092,607) | (19,688,104) | 114,885,482 | — | (14,869,391) | 5,034,243 | 3,876,029 | |
Columbia U.S. Treasury Index Fund, Institutional 3 Class | |||||||||
653,104,595 | 238,866,357 | (454,109,093) | (36,405,915) | 401,455,944 | — | (46,154,580) | 7,446,698 | 40,226,047 | |
Total | 2,077,671,006 | (168,613,098) | 1,356,798,304 | 21,813,231 | (141,161,246) | 36,270,015 |
(b) | Non-income producing investment. |
(c) | The rate shown is the seven-day current annualized yield at December 31, 2022. |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
46 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Thermostat FundSM, December 31, 2022
In connection with Rule 2a-5 under the Investment Company Act of 1940, as amended, which became effective September 8, 2022, the Board of Trustees has designated the Investment Manager as the Fund’s valuation designee. The Investment Manager, in turn, has authorized its Valuation Committee (the Committee) to make fair value determinations and to carry out supervisory and certain other functions relating to the valuation of Fund portfolio securities, pursuant to the valuation policies and procedures approved by the Board of Trustees (the Policies).
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Equity Funds | 183,912,076 | — | — | 183,912,076 |
Exchange-Traded Equity Funds | 20,231,103 | — | — | 20,231,103 |
Exchange-Traded Fixed Income Funds | 115,127,713 | — | — | 115,127,713 |
Fixed Income Funds | 1,033,534,407 | — | — | 1,033,534,407 |
Money Market Funds | 3,993,005 | — | — | 3,993,005 |
Total Investments in Securities | 1,356,798,304 | — | — | 1,356,798,304 |
Columbia Acorn Family of Funds | Annual Report 2022 | 47 |
Columbia Acorn European FundSM, December 31, 2022
Common Stocks 97.6% | ||
Issuer | Shares | Value ($) |
Austria 0.6% | ||
Kontron AG(a) | 27,203 | 443,423 |
Denmark 4.4% | ||
ALK-Abello A/S(b) | 132,891 | 1,853,705 |
Netcompany Group AS(b) | 32,541 | 1,384,695 |
Total | 3,238,400 | |
Finland 2.9% | ||
Valmet OYJ | 79,806 | 2,154,339 |
France 1.6% | ||
Robertet SA | 1,274 | 1,140,960 |
Germany 11.0% | ||
Amadeus Fire AG | 3,156 | 389,512 |
Eckert & Ziegler Strahlen- und Medizintechnik AG | 24,652 | 1,218,365 |
Hypoport SE(b) | 4,184 | 434,265 |
Jenoptik AG | 79,121 | 2,151,957 |
Nemetschek SE | 27,656 | 1,413,950 |
Washtec AG | 68,313 | 2,524,614 |
Total | 8,132,663 | |
Italy 10.2% | ||
Amplifon SpA | 52,064 | 1,554,620 |
Carel Industries SpA | 118,889 | 2,990,929 |
GVS SpA(b) | 70,625 | 306,867 |
Intercos SpA(b) | 87,103 | 1,184,141 |
Nexi SpA(b) | 185,517 | 1,464,460 |
Total | 7,501,017 | |
Netherlands 6.2% | ||
Argenx SE(b) | 2,063 | 774,463 |
BE Semiconductor Industries NV | 11,953 | 728,427 |
IMCD NV | 21,373 | 3,057,227 |
Total | 4,560,117 | |
Russian Federation —% | ||
TCS Group Holding PLC GDR(b),(c),(d),(e),(f) | 17,858 | 0 |
Spain 1.1% | ||
Befesa SA | 17,398 | 839,264 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sweden 17.5% | ||
AddTech AB, B Shares | 166,659 | 2,379,255 |
Dometic Group AB | 134,840 | 872,337 |
Hexagon AB, Class B | 275,693 | 2,890,667 |
Munters Group AB | 306,979 | 3,026,425 |
Sectra AB, Class B(b) | 188,869 | 2,700,659 |
Sweco AB, Class B | 109,471 | 1,049,764 |
Total | 12,919,107 | |
Switzerland 7.6% | ||
Belimo Holding AG, Registered Shares | 5,693 | 2,716,005 |
Inficon Holding AG | 1,129 | 988,562 |
Kardex Energy AG | 7,133 | 1,171,104 |
Partners Group Holding AG | 825 | 730,524 |
Total | 5,606,195 | |
United Kingdom 30.5% | ||
Abcam PLC, ADR(b) | 135,681 | 2,111,196 |
Auto Trader Group PLC | 306,702 | 1,909,942 |
Dechra Pharmaceuticals PLC | 70,178 | 2,211,998 |
Diploma PLC | 68,414 | 2,299,919 |
Genus PLC | 40,518 | 1,454,541 |
Halma PLC | 67,155 | 1,599,293 |
Intermediate Capital Group PLC | 170,717 | 2,357,121 |
Rentokil Initial PLC | 345,237 | 2,121,056 |
Rightmove PLC | 391,292 | 2,420,705 |
Safestore Holdings PLC | 127,687 | 1,456,066 |
Spirax-Sarco Engineering PLC | 19,669 | 2,512,333 |
Total | 22,454,170 | |
United States 4.0% | ||
Inter Parfums, Inc. | 30,364 | 2,930,733 |
Total Common Stocks (Cost $61,124,775) | 71,920,388 | |
Securities Lending Collateral 0.5% | ||
Dreyfus Government Cash Management Fund, Institutional Shares, 4.190%(g),(h) | 365,056 | 365,056 |
Total Securities Lending Collateral (Cost $365,056) | 365,056 | |
48 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn European FundSM, December 31, 2022
Money Market Funds 2.2% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 4.318%(g),(i) | 1,603,361 | 1,602,880 |
Total Money Market Funds (Cost $1,602,846) | 1,602,880 | |
Total Investments in Securities (Cost $63,092,677) | 73,888,324 | |
Obligation to Return Collateral for Securities Loaned | (365,056) | |
Other Assets & Liabilities, Net | 113,489 | |
Net Assets | $73,636,757 |
(a) | All or a portion of this security was on loan at December 31, 2022. The total market value of securities on loan at December 31, 2022 was $343,744. |
(b) | Non-income producing investment. |
(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, 2022, the total value of these securities amounted to $0, which represents less than 0.01% of total net assets. |
(d) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At December 31, 2022, the total value of these securities amounted to $0, which represents less than 0.01% 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, 2022, the total market value of these securities amounted to $0, which represents less than 0.01% of total net assets. Additional information on these securities is as follows: |
Security | Acquisition Dates | Shares | Cost ($) | Value ($) |
TCS Group Holding PLC GDR | 01/22/2021—03/02/2021 | 17,858 | 784,598 | — |
(f) | Valuation based on significant unobservable inputs. |
(g) | The rate shown is the seven-day current annualized yield at December 31, 2022. |
(h) | Investment made with cash collateral received from securities lending activity. |
(i) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended December 31, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 4.318% | ||||||||
2,948,499 | 66,143,022 | (67,488,675) | 34 | 1,602,880 | (300) | 11,426 | 1,603,361 |
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) |
Columbia Acorn Family of Funds | Annual Report 2022 | 49 |
Columbia Acorn European FundSM, December 31, 2022
■ | 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 | ||||
Austria | — | 443,423 | — | 443,423 |
Denmark | — | 3,238,400 | — | 3,238,400 |
Finland | — | 2,154,339 | — | 2,154,339 |
France | — | 1,140,960 | — | 1,140,960 |
Germany | — | 8,132,663 | — | 8,132,663 |
Italy | — | 7,501,017 | — | 7,501,017 |
Netherlands | — | 4,560,117 | — | 4,560,117 |
Russian Federation | — | — | 0* | 0* |
Spain | — | 839,264 | — | 839,264 |
Sweden | — | 12,919,107 | — | 12,919,107 |
Switzerland | — | 5,606,195 | — | 5,606,195 |
United Kingdom | 2,111,196 | 20,342,974 | — | 22,454,170 |
United States | 2,930,733 | — | — | 2,930,733 |
Total Common Stocks | 5,041,929 | 66,878,459 | 0* | 71,920,388 |
Securities Lending Collateral | 365,056 | — | — | 365,056 |
Money Market Funds | 1,602,880 | — | — | 1,602,880 |
Total Investments in Securities | 7,009,865 | 66,878,459 | 0* | 73,888,324 |
* | Rounds to zero. |
50 | Columbia Acorn Family of Funds | Annual Report 2022 |
December 31, 2022
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Assets | |||
Investments in securities, at value* | |||
Unaffiliated issuers (cost $2,386,971,298, $1,105,354,312, $155,493,149, respectively) | $2,388,820,637 | $1,287,442,487 | $154,315,145 |
Affiliated issuers (cost $132,852,605, $10,827,278, $4,531,065, respectively) | 105,193,863 | 10,828,339 | 4,531,820 |
Cash | — | 36,966 | — |
Foreign currency (cost $—, $914,913, $—, respectively) | — | 937,032 | — |
Receivable for: | |||
Investments sold | — | 1,304,869 | — |
Capital shares sold | 325,161 | 201,932 | 148,377 |
Dividends | 815,323 | 3,781,695 | 61,276 |
Securities lending income | 45 | 82,387 | 2,978 |
Foreign tax reclaims | 11,994 | 2,893,193 | 1,995 |
Expense reimbursement due from Investment Manager | — | 2,960 | 874 |
Prepaid expenses | 88,384 | 39,798 | 5,323 |
Trustees’ deferred compensation plan | — | — | 1,602 |
Total assets | 2,495,255,407 | 1,307,551,658 | 159,069,390 |
Liabilities | |||
Due upon return of securities on loan | — | 17,725,620 | 493,800 |
Payable for: | |||
Investments purchased | — | 51,195 | — |
Capital shares purchased | 2,516,529 | 3,254,550 | 326,042 |
Investment advisory fee | 47,727 | 29,815 | 3,228 |
Distribution and/or service fees | 3,852 | 1,193 | 215 |
Transfer agent fees | 187,935 | 94,322 | 15,669 |
Administration fees | 3,440 | 1,783 | 218 |
Trustees’ fees(a) | 3,087,664 | 1,500,893 | 266,888 |
Compensation of chief compliance officer | 8,051 | 3,728 | 495 |
Other expenses | 151,089 | 162,146 | 45,400 |
Total liabilities | 6,006,287 | 22,825,245 | 1,151,955 |
Net assets applicable to outstanding capital stock | $2,489,249,120 | $1,284,726,413 | $157,917,435 |
Represented by | |||
Paid in capital | 3,076,884,556 | 1,257,391,554 | 194,040,929 |
Total distributable earnings (loss) | (587,635,436) | 27,334,859 | (36,123,494) |
Total - representing net assets applicable to outstanding capital stock | $2,489,249,120 | $1,284,726,413 | $157,917,435 |
* Includes the value of securities on loan | — | 16,762,998 | 461,096 |
Columbia Acorn Family of Funds | Annual Report 2022 | 51 |
December 31, 2022
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Class A | |||
Net assets | $521,242,760 | $151,724,943 | $28,457,344 |
Shares outstanding | 84,596,110 | 7,108,800 | 4,518,186 |
Net asset value per share(b) | $6.16 | $21.34 | $6.30 |
Maximum sales charge | 5.75% | 5.75% | 5.75% |
Maximum offering price per share(c) (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $6.54 | $22.64 | $6.68 |
Advisor Class | |||
Net assets | $21,945,858 | $6,643,591 | $14,777,591 |
Shares outstanding | 2,255,508 | 304,497 | 1,413,160 |
Net asset value per share(d) | $9.73 | $21.82 | $10.46 |
Class C | |||
Net assets | $9,152,521 | $4,069,854 | $694,366 |
Shares outstanding | 1,062,607 | 212,743 | 73,254 |
Net asset value per share(b) | $8.61 | $19.13 | $9.48 |
Institutional Class | |||
Net assets | $1,865,518,334 | $906,414,857 | $98,678,567 |
Shares outstanding | 207,998,028 | 42,240,360 | 10,459,275 |
Net asset value per share(d) | $8.97 | $21.46 | $9.43 |
Institutional 2 Class | |||
Net assets | $23,445,051 | $80,058,556 | $3,147,667 |
Shares outstanding | 2,369,529 | 3,732,441 | 297,040 |
Net asset value per share(d) | $9.89 | $21.45 | $10.60 |
Institutional 3 Class | |||
Net assets | $47,944,596 | $133,737,955 | $12,161,900 |
Shares outstanding | 4,762,272 | 6,122,175 | 1,128,906 |
Net asset value per share(d) | $10.07 | $21.84 | $10.77 |
Class R | |||
Net assets | $— | $2,076,657 | $— |
Shares outstanding | — | 97,531 | — |
Net asset value per share(d) | $— | $21.29 | $— |
(a) | Includes Trustees’ fees deferred as well as any gains or losses on the Trustees’ deferred compensation balances as a result of market fluctuations of $3,076,926, $1,495,948 and $266,229, respectively. Prior to January 1, 2022, the Trustees’ deferred fees were presented separately. |
(b) | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
(c) | On sales of $50,000 or more the offering price is reduced. |
(d) | Redemption price per share is equal to net asset value. |
52 | Columbia Acorn Family of Funds | Annual Report 2022 |
December 31, 2022
Columbia Acorn International SelectSM | Columbia Thermostat FundSM | Columbia Acorn European FundSM | |
Assets | |||
Investments in securities, at value* | |||
Unaffiliated issuers (cost $222,314,262, $—, $61,489,831, respectively) | $224,473,630 | $— | $72,285,444 |
Affiliated issuers (cost $2,143,175, $1,499,001,647, $1,602,846, respectively) | 2,143,192 | 1,356,798,304 | 1,602,880 |
Cash | — | 1,070 | — |
Foreign currency (cost $—, $—, $631, respectively) | — | — | 631 |
Receivable for: | |||
Capital shares sold | 12,792 | 2,171,748 | 64,765 |
Dividends | 703,487 | 3,541,526 | 60,826 |
Securities lending income | — | — | 6,032 |
Foreign tax reclaims | 636,454 | — | 168,631 |
Expense reimbursement due from Investment Manager | 2,039 | 1,859 | 852 |
Prepaid expenses | 7,158 | 52,063 | 1,990 |
Total assets | 227,978,752 | 1,362,566,570 | 74,192,051 |
Liabilities | |||
Due upon return of securities on loan | — | — | 365,056 |
Payable for: | |||
Investments purchased | — | 3,527,481 | 4,227 |
Capital shares purchased | 453,388 | 3,518,579 | 105,751 |
Investment advisory fee | 5,633 | 3,734 | 2,431 |
Distribution and/or service fees | 900 | 6,609 | 266 |
Transfer agent fees | 27,446 | 125,044 | 8,430 |
Administration fees | 316 | 1,867 | 102 |
Trustees’ fees | 205,443 | 298,324 | 21,238 |
Compensation of chief compliance officer | 686 | 4,433 | 215 |
Audit fees | 29,500 | 11,000 | 29,500 |
Other expenses | 41,956 | 84,236 | 18,078 |
Total liabilities | 765,268 | 7,581,307 | 555,294 |
Net assets applicable to outstanding capital stock | $227,213,484 | $1,354,985,263 | $73,636,757 |
Represented by | |||
Paid in capital | 252,643,996 | 1,619,118,651 | 81,966,533 |
Total distributable earnings (loss) | (25,430,512) | (264,133,388) | (8,329,776) |
Total - representing net assets applicable to outstanding capital stock | $227,213,484 | $1,354,985,263 | $73,636,757 |
* Includes the value of securities on loan | — | — | 343,744 |
Columbia Acorn Family of Funds | Annual Report 2022 | 53 |
December 31, 2022
Columbia Acorn International SelectSM | Columbia Thermostat FundSM | Columbia Acorn European FundSM | |
Class A | |||
Net assets | $124,962,560 | $450,566,340 | $28,891,602 |
Shares outstanding | 5,793,626 | 31,371,666 | 1,402,057 |
Net asset value per share(a) | $21.57 | $14.36 | $20.61 |
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) | $22.89 | $15.24 | $21.87 |
Advisor Class | |||
Net assets | $924,164 | $76,472,148 | $1,161,195 |
Shares outstanding | 41,619 | 5,389,311 | 55,630 |
Net asset value per share(c) | $22.21 | $14.19 | $20.87 |
Class C | |||
Net assets | $1,085,397 | $126,801,655 | $2,372,271 |
Shares outstanding | 56,658 | 8,758,671 | 119,522 |
Net asset value per share(a) | $19.16 | $14.48 | $19.85 |
Institutional Class | |||
Net assets | $79,828,552 | $600,671,207 | $38,307,475 |
Shares outstanding | 3,630,219 | 42,651,042 | 1,844,339 |
Net asset value per share(c) | $21.99 | $14.08 | $20.77 |
Institutional 2 Class | |||
Net assets | $9,224,826 | $90,290,169 | $2,862,882 |
Shares outstanding | 415,184 | 6,354,033 | 136,098 |
Net asset value per share(c) | $22.22 | $14.21 | $21.04 |
Institutional 3 Class | |||
Net assets | $11,187,985 | $10,183,744 | $41,332 |
Shares outstanding | 503,684 | 718,183 | 1,996 |
Net asset value per share(c) | $22.21 | $14.18 | $20.71 |
(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 2022 |
Year Ended December 31, 2022
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Net investment income | |||
Income: | |||
Dividends — unaffiliated issuers | $14,177,196 | $30,342,480 | $1,035,653 |
Dividends — affiliated issuers | 2,277,707 | 295,501 | 80,901 |
Income from securities lending — net | 95,563 | 1,554,981 | 52,735 |
European Union tax reclaim | 335,931 | 1,274,798 | — |
Foreign taxes withheld | (48,697) | (3,084,681) | (3,775) |
Total income | 16,837,700 | 30,383,079 | 1,165,514 |
Expenses: | |||
Investment advisory fee | 20,846,354 | 12,797,768 | 1,559,789 |
Distribution and/or service fees | |||
Class A | 1,561,278 | 464,174 | 87,424 |
Class C | 146,402 | 59,135 | 9,951 |
Class R | — | 11,990 | — |
Transfer agent fees | |||
Class A | 530,280 | 200,292 | 40,475 |
Advisor Class | 23,997 | 7,012 | 18,955 |
Class C | 12,442 | 6,336 | 1,146 |
Institutional Class | 1,937,452 | 1,212,701 | 134,996 |
Institutional 2 Class | 19,134 | 50,503 | 1,560 |
Institutional 3 Class | 3,885 | 8,266 | 1,095 |
Class R | — | 2,584 | — |
Administration fees | 1,517,335 | 777,265 | 94,952 |
Trustees’ fees(a) | (557,997) | (274,876) | (58,031) |
Custodian fees | 19,140 | 303,068 | 7,029 |
Printing and postage fees | 118,421 | 102,117 | 31,568 |
Registration fees | 124,587 | 121,412 | 97,368 |
Audit fees | 33,971 | 98,225 | 30,722 |
Legal fees | 475,633 | 240,410 | 29,455 |
Line of credit interest | — | 42 | 476 |
Interest on collateral | — | 50 | — |
Compensation of chief compliance officer | 15,966 | 7,835 | 1,017 |
Other | 234,406 | 136,526 | 25,694 |
Total expenses | 27,062,686 | 16,332,835 | 2,115,641 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | — | (663,165) | (165,063) |
Fees waived by transfer agent | |||
Class A | — | — | (8,401) |
Advisor Class | — | — | (4,050) |
Class C | — | — | (224) |
Institutional Class | — | — | (28,411) |
Institutional 2 Class | (1,019) | (14,154) | (180) |
Institutional 3 Class | — | (8,266) | (525) |
Expense reduction | (7,579) | (7,775) | (1,300) |
Total net expenses | 27,054,088 | 15,639,475 | 1,907,487 |
Net investment income (loss) | (10,216,388) | 14,743,604 | (741,973) |
Columbia Acorn Family of Funds | Annual Report 2022 | 55 |
Year Ended December 31, 2022
Columbia Acorn® Fund | Columbia Acorn International® | Columbia Acorn USA® | |
Realized and unrealized gain (loss) — net | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers | $(553,195,783) | $(51,660,648) | $(34,950,434) |
Investments — affiliated issuers | 2,661 | (1,729) | (626) |
Foreign currency translations | (80) | (759,090) | (186) |
Futures contracts | — | (5,769,485) | — |
Net realized loss | (553,193,202) | (58,190,952) | (34,951,246) |
Net change in unrealized appreciation (depreciation) on: | |||
Investments — unaffiliated issuers | (885,236,449) | (733,632,504) | (58,213,351) |
Investments — affiliated issuers | (27,730,059) | 1,061 | 757 |
Foreign currency translations | — | (110,044) | — |
Net change in unrealized appreciation (depreciation) | (912,966,508) | (733,741,487) | (58,212,594) |
Net realized and unrealized loss | (1,466,159,710) | (791,932,439) | (93,163,840) |
Net decrease in net assets resulting from operations | $(1,476,376,098) | $(777,188,835) | $(93,905,813) |
(a) | Includes Trustees’ fees deferred during the current period as well as any gains or (losses) on the Trustees’ deferred compensation balances as a result of market fluctuations of $(899,395), $(448,817) and $(79,707), respectively. |
56 | Columbia Acorn Family of Funds | Annual Report 2022 |
Year Ended December 31, 2022
Columbia Acorn International SelectSM | Columbia Thermostat FundSM | Columbia Acorn European FundSM | |
Net investment income | |||
Income: | |||
Dividends — unaffiliated issuers | $5,478,278 | $— | $1,899,771 |
Dividends — affiliated issuers | 36,071 | 36,270,015 | 11,426 |
Income from securities lending — net | 8,197 | — | 137,067 |
European Union tax reclaim | 210,688 | — | — |
Foreign taxes withheld | (570,218) | — | (194,838) |
Total income | 5,163,016 | 36,270,015 | 1,853,426 |
Expenses: | |||
Investment advisory fee | 2,684,730 | 1,668,082 | 1,265,030 |
Distribution and/or service fees | |||
Class A | 387,045 | 1,295,496 | 98,849 |
Class C | 13,822 | 1,556,255 | 38,412 |
Transfer agent fees | |||
Class A | 289,978 | 491,469 | 44,755 |
Advisor Class | 2,723 | 115,916 | 2,009 |
Class C | 2,580 | 147,680 | 4,324 |
Institutional Class | 194,658 | 693,965 | 60,053 |
Institutional 2 Class | 14,164 | 66,065 | 6,498 |
Institutional 3 Class | 872 | 1,503 | 9 |
Administration fees | 150,173 | 830,931 | 55,153 |
Trustees’ fees(a) | (11,468) | 88,148 | 7,695 |
Custodian fees | 65,522 | 2,769 | 38,294 |
Printing and postage fees | 59,158 | 133,848 | 27,696 |
Registration fees | 97,065 | 156,347 | 99,160 |
Audit fees | 52,582 | 12,222 | 33,222 |
Legal fees | 46,477 | 267,274 | 16,866 |
Line of credit interest | 311 | 4,403 | 2,616 |
Compensation of chief compliance officer | 1,542 | 8,359 | 617 |
Other | 46,767 | 110,832 | 34,063 |
Total expenses | 4,098,701 | 7,651,564 | 1,835,321 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (746,708) | (777,232) | (370,233) |
Fees waived by transfer agent | |||
Institutional 2 Class | — | — | (1,841) |
Institutional 3 Class | — | — | (9) |
Expense reduction | (11,529) | (280) | (160) |
Total net expenses | 3,340,464 | 6,874,052 | 1,463,078 |
Net investment income | 1,822,552 | 29,395,963 | 390,348 |
Realized and unrealized gain (loss) — net | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers | (26,776,061) | — | (15,398,885) |
Investments — affiliated issuers | (1,116) | (141,161,246) | (300) |
Capital gain distributions from underlying affiliated funds | — | 21,813,231 | — |
Foreign currency translations | (137,232) | — | (150,000) |
Net realized loss | (26,914,409) | (119,348,015) | (15,549,185) |
Net change in unrealized appreciation (depreciation) on: | |||
Investments — unaffiliated issuers | (143,802,013) | — | (60,738,307) |
Investments — affiliated issuers | 17 | (168,613,098) | 34 |
Foreign currency translations | (17,494) | — | (9,921) |
Net change in unrealized appreciation (depreciation) | (143,819,490) | (168,613,098) | (60,748,194) |
Net realized and unrealized loss | (170,733,899) | (287,961,113) | (76,297,379) |
Net decrease in net assets resulting from operations | $(168,911,347) | $(258,565,150) | $(75,907,031) |
(a) | Includes Trustees’ fees deferred during the current period as well as any gains or (losses) on the Trustees’ deferred compensation balances as a result of market fluctuations of $(45,760), $(92,264) and $(5,624), respectively. |
Columbia Acorn Family of Funds | Annual Report 2022 | 57 |
Columbia Acorn® Fund | Columbia Acorn International® | |||
Year Ended December 31, 2022 | Year Ended December 31, 2021 | Year Ended December 31, 2022 | Year Ended December 31, 2021 | |
Operations | ||||
Net investment income (loss) | $(10,216,388) | $(29,391,237) | $14,743,604 | $6,349,262 |
Net realized gain (loss) | (553,193,202) | 1,089,409,474 | (58,190,952) | 296,728,330 |
Net change in unrealized appreciation (depreciation) | (912,966,508) | (638,363,380) | (733,741,487) | (3,405,718) |
Net increase (decrease) in net assets resulting from operations | (1,476,376,098) | 421,654,857 | (777,188,835) | 299,671,874 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (41,011,712) | (263,150,366) | (5,361,144) | (40,052,526) |
Advisor Class | (1,229,726) | (8,201,757) | (168,978) | (1,374,206) |
Class C | (608,986) | (5,787,484) | (185,732) | (1,615,464) |
Institutional Class | (106,713,651) | (758,479,695) | (31,799,977) | (254,146,337) |
Institutional 2 Class | (1,365,961) | (10,983,732) | (2,796,677) | (20,003,620) |
Institutional 3 Class | (3,270,753) | (16,278,812) | (4,521,218) | (26,466,011) |
Class R | — | — | (65,963) | (491,746) |
Total distributions to shareholders | (154,200,789) | (1,062,881,846) | (44,899,689) | (344,149,910) |
Increase (decrease) in net assets from capital stock activity | (408,797,663) | 300,010,089 | (232,973,136) | (113,274,517) |
Total decrease in net assets | (2,039,374,550) | (341,216,900) | (1,055,061,660) | (157,752,553) |
Net assets at beginning of year | 4,528,623,670 | 4,869,840,570 | 2,339,788,073 | 2,497,540,626 |
Net assets at end of year | $2,489,249,120 | $4,528,623,670 | $1,284,726,413 | $2,339,788,073 |
58 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn USA® | Columbia Acorn International SelectSM | |||
Year Ended December 31, 2022 | Year Ended December 31, 2021 | Year Ended December 31, 2022 | Year Ended December 31, 2021 | |
Operations | ||||
Net investment income (loss) | $(741,973) | $(2,657,286) | $1,822,552 | $(32,728) |
Net realized gain (loss) | (34,951,246) | 86,878,712 | (26,914,409) | 33,656,269 |
Net change in unrealized appreciation (depreciation) | (58,212,594) | (52,709,057) | (143,819,490) | 15,107,406 |
Net increase (decrease) in net assets resulting from operations | (93,905,813) | 31,512,369 | (168,911,347) | 48,730,947 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (2,107,177) | (17,031,591) | (5,779,291) | (10,962,872) |
Advisor Class | (595,586) | (5,338,855) | (51,312) | (121,956) |
Class C | (37,617) | (429,752) | (57,732) | (93,404) |
Institutional Class | (4,744,627) | (41,782,773) | (3,890,418) | (7,965,017) |
Institutional 2 Class | (95,567) | (727,072) | (975,433) | (2,689,582) |
Institutional 3 Class | (555,076) | (10,854,053) | (506,064) | (1,456,872) |
Total distributions to shareholders | (8,135,650) | (76,164,096) | (11,260,250) | (23,289,703) |
Increase (decrease) in net assets from capital stock activity | (42,343,012) | 10,790,642 | (72,701,020) | (41,489,686) |
Total decrease in net assets | (144,384,475) | (33,861,085) | (252,872,617) | (16,048,442) |
Net assets at beginning of year | 302,301,910 | 336,162,995 | 480,086,101 | 496,134,543 |
Net assets at end of year | $157,917,435 | $302,301,910 | $227,213,484 | $480,086,101 |
Columbia Acorn Family of Funds | Annual Report 2022 | 59 |
Columbia Thermostat FundSM | Columbia Acorn European FundSM | |||
Year Ended December 31, 2022 | Year Ended December 31, 2021 | Year Ended December 31, 2022 | Year Ended December 31, 2021 | |
Operations | ||||
Net investment income (loss) | $29,395,963 | $27,407,324 | $390,348 | $(559,819) |
Net realized gain (loss) | (119,348,015) | 268,766,569 | (15,549,185) | (181,469) |
Net change in unrealized appreciation (depreciation) | (168,613,098) | (179,749,247) | (60,748,194) | 28,909,961 |
Net increase (decrease) in net assets resulting from operations | (258,565,150) | 116,424,646 | (75,907,031) | 28,168,673 |
Distributions to shareholders | ||||
Net investment income and net realized gains | ||||
Class A | (13,588,692) | (80,263,851) | — | (114,318) |
Advisor Class | (3,137,330) | (22,778,179) | — | (12,346) |
Class C | (2,912,905) | (23,284,536) | — | — |
Institutional Class | (20,546,977) | (121,876,270) | — | (446,763) |
Institutional 2 Class | (3,327,846) | (23,468,843) | — | (117,513) |
Institutional 3 Class | (337,655) | (1,952,903) | — | (292) |
Total distributions to shareholders | (43,851,405) | (273,624,582) | — | (691,232) |
Increase (decrease) in net assets from capital stock activity | (416,791,137) | 525,118,998 | (64,395,632) | 77,822,786 |
Total increase (decrease) in net assets | (719,207,692) | 367,919,062 | (140,302,663) | 105,300,227 |
Net assets at beginning of year | 2,074,192,955 | 1,706,273,893 | 213,939,420 | 108,639,193 |
Net assets at end of year | $1,354,985,263 | $2,074,192,955 | $73,636,757 | $213,939,420 |
60 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn® Fund | Columbia Acorn International® | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2022 | December 31, 2021 | December 31, 2022 | December 31, 2021 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 3,841,202 | 27,530,049 | 5,982,210 | 71,946,347 | 417,699 | 10,032,981 | 525,959 | 18,837,295 |
Distributions reinvested | 5,676,330 | 37,236,731 | 23,766,788 | 239,307,360 | 226,394 | 5,150,468 | 1,182,480 | 38,446,481 |
Redemptions | (16,825,830) | (118,360,587) | (15,366,129) | (195,707,426) | (2,035,521) | (46,371,623) | (1,469,807) | (52,814,377) |
Net increase (decrease) | (7,308,298) | (53,593,807) | 14,382,869 | 115,546,281 | (1,391,428) | (31,188,174) | 238,632 | 4,469,399 |
Advisor Class | ||||||||
Subscriptions | 521,853 | 5,802,489 | 418,484 | 7,441,995 | 133,125 | 2,888,745 | 45,084 | 1,658,003 |
Distributions reinvested | 101,973 | 1,054,403 | 456,762 | 6,995,207 | 7,277 | 168,978 | 41,395 | 1,374,206 |
Redemptions | (949,277) | (10,134,232) | (794,625) | (14,613,929) | (110,258) | (2,607,879) | (457,336) | (16,418,304) |
Net increase (decrease) | (325,451) | (3,277,340) | 80,621 | (176,727) | 30,144 | 449,844 | (370,857) | (13,386,095) |
Class C | ||||||||
Subscriptions | 130,090 | 1,338,904 | 120,678 | 1,999,707 | 24,534 | 566,274 | 26,738 | 858,219 |
Distributions reinvested | 64,371 | 592,861 | 418,581 | 5,742,544 | 9,069 | 185,720 | 54,287 | 1,610,276 |
Redemptions | (920,653) | (8,750,945) | (2,211,079) | (37,166,378) | (176,264) | (3,789,782) | (361,954) | (11,928,781) |
Net decrease | (726,192) | (6,819,180) | (1,671,820) | (29,424,127) | (142,661) | (3,037,788) | (280,929) | (9,460,286) |
Institutional Class | ||||||||
Subscriptions | 3,404,616 | 34,714,184 | 4,017,788 | 66,770,286 | 2,161,892 | 49,621,347 | 1,856,604 | 64,984,126 |
Distributions reinvested | 10,327,259 | 98,418,808 | 49,029,210 | 694,440,015 | 1,159,396 | 26,480,610 | 6,346,780 | 207,227,903 |
Redemptions | (45,679,386) | (461,943,597) | (28,170,590) | (472,694,167) | (12,972,429) | (296,525,222) | (7,403,458) | (266,653,814) |
Net increase (decrease) | (31,947,511) | (328,810,605) | 24,876,408 | 288,516,134 | (9,651,141) | (220,423,265) | 799,926 | 5,558,215 |
Institutional 2 Class | ||||||||
Subscriptions | 543,152 | 6,139,315 | 499,108 | 9,331,106 | 925,676 | 22,125,006 | 769,576 | 27,594,261 |
Distributions reinvested | 129,844 | 1,365,961 | 706,732 | 10,980,954 | 48,905 | 1,116,012 | 292,244 | 9,532,906 |
Redemptions | (1,684,638) | (18,199,954) | (1,236,384) | (22,900,725) | (1,060,983) | (24,110,868) | (1,003,375) | (36,329,973) |
Net increase (decrease) | (1,011,642) | (10,694,678) | (30,544) | (2,588,665) | (86,402) | (869,850) | 58,445 | 797,194 |
Institutional 3 Class | ||||||||
Subscriptions | 8,597,429 | 90,011,192 | 1,316,568 | 24,299,474 | 3,157,192 | 74,140,786 | 1,798,774 | 66,229,977 |
Distributions reinvested | 304,164 | 3,254,550 | 1,022,162 | 16,168,756 | 151,936 | 3,530,989 | 735,758 | 24,286,390 |
Redemptions | (9,111,813) | (98,867,795) | (5,936,701) | (112,331,037) | (2,507,211) | (55,246,843) | (5,148,935) | (192,165,037) |
Net increase (decrease) | (210,220) | (5,602,053) | (3,597,971) | (71,862,807) | 801,917 | 22,424,932 | (2,614,403) | (101,648,670) |
Class R | ||||||||
Subscriptions | — | — | — | — | 13,918 | 319,569 | 17,904 | 666,373 |
Distributions reinvested | — | — | — | — | 2,902 | 65,963 | 15,168 | 491,746 |
Redemptions | — | — | — | — | (30,471) | (714,367) | (21,131) | (762,393) |
Net increase (decrease) | — | — | — | — | (13,651) | (328,835) | 11,941 | 395,726 |
Total net increase (decrease) | (41,529,314) | (408,797,663) | 34,039,563 | 300,010,089 | (10,453,222) | (232,973,136) | (2,157,245) | (113,274,517) |
Columbia Acorn Family of Funds | Annual Report 2022 | 61 |
Columbia Acorn USA® | Columbia Acorn International SelectSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2022 | December 31, 2021 | December 31, 2022 | December 31, 2021 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 530,741 | 3,899,740 | 304,197 | 3,931,345 | 164,236 | 4,018,820 | 297,746 | 10,412,479 |
Distributions reinvested | 298,366 | 2,002,035 | 1,601,884 | 16,216,954 | 221,041 | 5,355,805 | 296,896 | 10,055,469 |
Redemptions | (1,540,916) | (11,218,320) | (1,023,646) | (14,153,596) | (1,227,506) | (29,435,787) | (805,715) | (28,236,000) |
Net increase (decrease) | (711,809) | (5,316,545) | 882,435 | 5,994,703 | (842,229) | (20,061,162) | (211,073) | (7,768,052) |
Advisor Class | ||||||||
Subscriptions | 88,075 | 1,030,814 | 129,536 | 2,717,808 | 2,601 | 75,193 | 13,489 | 488,352 |
Distributions reinvested | 53,560 | 595,586 | 329,508 | 5,338,855 | 2,056 | 51,217 | 3,497 | 121,768 |
Redemptions | (197,847) | (2,655,272) | (188,579) | (3,873,759) | (30,779) | (738,678) | (28,744) | (1,028,388) |
Net increase (decrease) | (56,212) | (1,028,872) | 270,465 | 4,182,904 | (26,122) | (612,268) | (11,758) | (418,268) |
Class C | ||||||||
Subscriptions | 6,081 | 63,436 | 11,681 | 227,915 | 5,905 | 133,531 | 7,563 | 241,176 |
Distributions reinvested | 3,710 | 37,617 | 28,737 | 429,313 | 2,663 | 57,570 | 3,065 | 93,006 |
Redemptions | (56,903) | (633,092) | (66,603) | (1,284,123) | (19,273) | (417,002) | (50,207) | (1,577,049) |
Net decrease | (47,112) | (532,039) | (26,185) | (626,895) | (10,705) | (225,901) | (39,579) | (1,242,867) |
Institutional Class | ||||||||
Subscriptions | 274,928 | 2,952,082 | 466,246 | 8,703,797 | 249,962 | 6,149,181 | 336,387 | 11,967,996 |
Distributions reinvested | 452,099 | 4,539,072 | 2,718,115 | 39,971,652 | 140,836 | 3,474,436 | 206,883 | 7,130,545 |
Redemptions | (1,718,503) | (18,220,042) | (1,266,859) | (22,954,249) | (1,200,621) | (28,390,658) | (632,053) | (22,509,312) |
Net increase (decrease) | (991,476) | (10,728,888) | 1,917,502 | 25,721,200 | (809,823) | (18,767,041) | (88,783) | (3,410,771) |
Institutional 2 Class | ||||||||
Subscriptions | 129,024 | 1,491,727 | 62,684 | 1,319,886 | 57,386 | 1,552,892 | 45,098 | 1,648,451 |
Distributions reinvested | 8,381 | 94,452 | 44,190 | 726,755 | 39,142 | 975,433 | 77,216 | 2,689,582 |
Redemptions | (37,716) | (428,990) | (81,033) | (1,693,362) | (1,107,129) | (27,154,884) | (935,896) | (33,189,189) |
Net increase (decrease) | 99,689 | 1,157,189 | 25,841 | 353,279 | (1,010,601) | (24,626,559) | (813,582) | (28,851,156) |
Institutional 3 Class | ||||||||
Subscriptions | 114,696 | 1,510,978 | 571,882 | 12,216,299 | 81,296 | 2,018,245 | 81,741 | 2,892,773 |
Distributions reinvested | 48,296 | 553,480 | 650,390 | 10,837,536 | 20,303 | 505,535 | 41,832 | 1,454,524 |
Redemptions | (2,021,372) | (27,958,315) | (2,150,296) | (47,888,384) | (388,252) | (10,931,869) | (116,418) | (4,145,869) |
Net increase (decrease) | (1,858,380) | (25,893,857) | (928,024) | (24,834,549) | (286,653) | (8,408,089) | 7,155 | 201,428 |
Total net increase (decrease) | (3,565,300) | (42,343,012) | 2,142,034 | 10,790,642 | (2,986,133) | (72,701,020) | (1,157,620) | (41,489,686) |
62 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Thermostat FundSM | Columbia Acorn European FundSM | |||||||
Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2022 | December 31, 2021 | December 31, 2022 | December 31, 2021 | |||||
Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||||||
Class A | ||||||||
Subscriptions | 4,779,635 | 74,320,265 | 13,658,871 | 258,098,220 | 499,655 | 12,080,215 | 959,587 | 29,875,035 |
Distributions reinvested | 854,305 | 12,622,769 | 4,372,709 | 75,185,933 | — | — | 3,639 | 114,289 |
Redemptions | (10,973,721) | (168,238,979) | (8,921,161) | (167,460,803) | (1,088,987) | (24,655,242) | (501,562) | (15,663,044) |
Net increase (decrease) | (5,339,781) | (81,295,945) | 9,110,419 | 165,823,350 | (589,332) | (12,575,027) | 461,664 | 14,326,280 |
Advisor Class | ||||||||
Subscriptions | 2,848,884 | 43,186,337 | 6,093,506 | 114,247,815 | 25,378 | 563,008 | 120,472 | 3,957,317 |
Distributions reinvested | 213,969 | 3,128,499 | 1,338,083 | 22,736,494 | — | — | 388 | 12,325 |
Redemptions | (7,914,592) | (119,461,531) | (4,415,649) | (82,862,865) | (61,288) | (1,400,836) | (93,445) | (2,989,540) |
Net increase (decrease) | (4,851,739) | (73,146,695) | 3,015,940 | 54,121,444 | (35,910) | (837,828) | 27,415 | 980,102 |
Class C | ||||||||
Subscriptions | 1,908,866 | 30,241,005 | 3,926,971 | 74,641,306 | 14,975 | 413,475 | 69,074 | 2,141,558 |
Distributions reinvested | 182,360 | 2,729,808 | 1,266,735 | 21,949,471 | — | — | — | — |
Redemptions | (4,418,887) | (67,545,215) | (5,444,288) | (102,926,754) | (114,266) | (2,516,468) | (62,866) | (1,823,948) |
Net increase (decrease) | (2,327,661) | (34,574,402) | (250,582) | (6,335,977) | (99,291) | (2,102,993) | 6,208 | 317,610 |
Institutional Class | ||||||||
Subscriptions | 13,490,772 | 206,555,299 | 23,405,839 | 433,982,285 | 620,948 | 15,491,624 | 1,874,052 | 58,837,993 |
Distributions reinvested | 1,162,441 | 16,843,875 | 6,038,529 | 101,815,509 | — | — | 13,945 | 440,394 |
Redemptions | (26,101,191) | (392,930,550) | (15,840,307) | (291,081,612) | (2,102,704) | (51,583,730) | (557,815) | (17,639,234) |
Net increase (decrease) | (11,447,978) | (169,531,376) | 13,604,061 | 244,716,182 | (1,481,756) | (36,092,106) | 1,330,182 | 41,639,153 |
Institutional 2 Class | ||||||||
Subscriptions | 2,306,144 | 35,639,654 | 8,585,734 | 161,733,267 | 783,511 | 22,322,468 | 965,317 | 31,689,444 |
Distributions reinvested | 227,328 | 3,327,846 | 1,375,116 | 23,468,768 | — | — | 3,676 | 117,489 |
Redemptions | (6,232,497) | (93,772,730) | (7,028,851) | (132,937,074) | (1,410,448) | (35,115,863) | (343,736) | (11,227,611) |
Net increase (decrease) | (3,699,025) | (54,805,230) | 2,931,999 | 52,264,961 | (626,937) | (12,793,395) | 625,257 | 20,579,322 |
Institutional 3 Class | ||||||||
Subscriptions | 241,620 | 3,652,789 | 810,188 | 15,437,620 | 189 | 5,717 | 681 | 21,164 |
Distributions reinvested | 23,163 | 336,817 | 115,933 | 1,952,462 | — | — | 9 | 265 |
Redemptions | (473,981) | (7,427,095) | (156,737) | (2,861,044) | — | — | (1,377) | (41,110) |
Net increase (decrease) | (209,198) | (3,437,489) | 769,384 | 14,529,038 | 189 | 5,717 | (687) | (19,681) |
Total net increase (decrease) | (27,875,382) | (416,791,137) | 29,181,221 | 525,118,998 | (2,833,037) | (64,395,632) | 2,450,039 | 77,822,786 |
Columbia Acorn Family of Funds | Annual Report 2022 | 63 |
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 12/31/2022 | $10.01 | (0.04) | (3.34) | (3.38) | — | (0.47) | (0.47) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2022 | $15.37 | (0.03) | (5.14) | (5.17) | — | (0.47) | (0.47) |
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) |
Class C(e) | |||||||
Year Ended 12/31/2022 | $13.72 | (0.13) | (4.57) | (4.70) | — | (0.41) | (0.41) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2022 | $14.22 | (0.03) | (4.75) | (4.78) | — | (0.47) | (0.47) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2022 | $15.62 | (0.03) | (5.23) | (5.26) | — | (0.47) | (0.47) |
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)(f) | 3.61 | 3.61 | — | (1.68) | (1.68) |
Year Ended 12/31/2018 | $16.20 | 0.01 | (0.65) | (0.64) | — | (1.80) | (1.80) |
64 | Columbia Acorn Family of Funds | Annual Report 2022 |
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 12/31/2022 | $6.16 | (34.01%) | 1.08%(b) | 1.08%(b),(c) | (0.53%) | 64% | $521,243 |
Year Ended 12/31/2021 | $10.01 | 8.79% | 1.08% | 1.08%(c) | (0.80%) | 75% | $919,643 |
Year Ended 12/31/2020 | $12.69 | 29.18%(d) | 1.11% | 1.11%(c) | (0.56%) | 86% | $983,709 |
Year Ended 12/31/2019 | $11.71 | 26.21%(d) | 1.11% | 1.10%(c) | (0.30%) | 101% | $810,966 |
Year Ended 12/31/2018 | $10.65 | (5.22%)(d) | 1.10% | 1.08%(c) | (0.20%) | 66% | $768,031 |
Advisor Class | |||||||
Year Ended 12/31/2022 | $9.73 | (33.79%) | 0.83%(b) | 0.83%(b),(c) | (0.27%) | 64% | $21,946 |
Year Ended 12/31/2021 | $15.37 | 9.03% | 0.83% | 0.83%(c) | (0.55%) | 75% | $39,676 |
Year Ended 12/31/2020 | $17.65 | 29.44%(d) | 0.86% | 0.86%(c) | (0.30%) | 86% | $44,139 |
Year Ended 12/31/2019 | $15.52 | 26.58%(d) | 0.86% | 0.85%(c) | (0.05%) | 101% | $44,248 |
Year Ended 12/31/2018 | $13.63 | (5.00%)(d) | 0.85% | 0.83%(c) | 0.05% | 66% | $40,425 |
Class C(e) | |||||||
Year Ended 12/31/2022 | $8.61 | (34.48%) | 1.83%(b) | 1.83%(b),(c) | (1.29%) | 64% | $9,153 |
Year Ended 12/31/2021 | $13.72 | 7.95% | 1.83% | 1.83%(c) | (1.54%) | 75% | $24,546 |
Year Ended 12/31/2020 | $16.14 | 28.27%(d) | 1.86% | 1.86%(c) | (1.30%) | 86% | $55,861 |
Year Ended 12/31/2019 | $16.57 | 25.12%(d) | 1.86% | 1.85%(c) | (1.05%) | 101% | $69,471 |
Year Ended 12/31/2018 | $18.75 | (5.86%)(d) | 1.85% | 1.82%(c) | (0.94%) | 66% | $81,149 |
Institutional Class | |||||||
Year Ended 12/31/2022 | $8.97 | (33.78%) | 0.83%(b) | 0.83%(b),(c) | (0.28%) | 64% | $1,865,518 |
Year Ended 12/31/2021 | $14.22 | 8.99% | 0.83% | 0.83%(c) | (0.55%) | 75% | $3,413,006 |
Year Ended 12/31/2020 | $16.60 | 29.51%(d) | 0.86% | 0.86%(c) | (0.30%) | 86% | $3,569,794 |
Year Ended 12/31/2019 | $14.70 | 26.60%(d) | 0.86% | 0.85%(c) | (0.05%) | 101% | $3,117,486 |
Year Ended 12/31/2018 | $12.98 | (5.09%)(d) | 0.85% | 0.83%(c) | 0.05% | 66% | $2,816,948 |
Institutional 2 Class | |||||||
Year Ended 12/31/2022 | $9.89 | (33.83%)(d) | 0.81%(b) | 0.80%(b) | (0.26%) | 64% | $23,445 |
Year Ended 12/31/2021 | $15.62 | 9.09%(d) | 0.80% | 0.80% | (0.52%) | 75% | $52,797 |
Year Ended 12/31/2020 | $17.88 | 29.50%(d) | 0.83% | 0.82% | (0.27%) | 86% | $61,000 |
Year Ended 12/31/2019 | $15.69 | 26.63%(d) | 0.83% | 0.82% | (0.02%) | 101% | $51,584 |
Year Ended 12/31/2018 | $13.76 | (5.00%)(d) | 0.81% | 0.80% | 0.08% | 66% | $37,124 |
Columbia Acorn Family of Funds | Annual Report 2022 | 65 |
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 12/31/2022 | $15.88 | (0.02) | (5.32) | (5.34) | — | (0.47) | (0.47) |
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(f) | 3.66 | 3.66 | — | (1.68) | (1.68) |
Year Ended 12/31/2018 | $16.34 | 0.02 | (0.66) | (0.64) | — | (1.81) | (1.81) |
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) | Ratios include Trustees’ fees deferred during the current period as well as any gains or losses on the Trustees’ deferred compensation balances as a result of market fluctuations. If these had been excluded, expenses would have been higher by 0.03%. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Had the Investment Manager and/or Transfer Agent not waived fees and/or reimbursed a portion of expenses, total return would have been reduced. |
(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) | Rounds to zero. |
66 | Columbia Acorn Family of Funds | Annual Report 2022 |
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 12/31/2022 | $10.07 | (33.77%) | 0.77%(b) | 0.77%(b) | (0.23%) | 64% | $47,945 |
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%(d) | 0.78% | 0.78% | (0.25%) | 86% | $155,338 |
Year Ended 12/31/2019 | $15.87 | 26.74%(d) | 0.78% | 0.77% | 0.03% | 101% | $65,408 |
Year Ended 12/31/2018 | $13.89 | (4.98%)(d) | 0.76% | 0.76% | 0.13% | 66% | $54,688 |
Columbia Acorn Family of Funds | Annual Report 2022 | 67 |
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 12/31/2022 | $33.19 | 0.17(c) | (11.35) | (11.18) | — | (0.67) | (0.67) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2022 | $33.82 | 0.22(c) | (11.55) | (11.33) | — | (0.67) | (0.67) |
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) |
Class C | |||||||
Year Ended 12/31/2022 | $30.07 | (0.02)(c) | (10.25) | (10.27) | — | (0.67) | (0.67) |
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(h) | 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) |
Institutional Class | |||||||
Year Ended 12/31/2022 | $33.28 | 0.23(c) | (11.38) | (11.15) | — | (0.67) | (0.67) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2022 | $33.25 | 0.24(c) | (11.37) | (11.13) | — | (0.67) | (0.67) |
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) |
Institutional 3 Class | |||||||
Year Ended 12/31/2022 | $33.83 | 0.26(c) | (11.58) | (11.32) | — | (0.67) | (0.67) |
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) |
68 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn International®
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 12/31/2022 | $21.34 | (33.81%) | 1.27%(d),(e),(f) | 1.23%(d),(e),(f),(g) | 0.71% | 29% | $151,725 |
Year Ended 12/31/2021 | $33.19 | 12.63% | 1.24% | 1.23%(g) | 0.03% | 27% | $282,125 |
Year Ended 12/31/2020 | $34.31 | 14.68% | 1.28%(f) | 1.24%(f),(g) | 0.21% | 55% | $283,478 |
Year Ended 12/31/2019 | $34.20 | 29.56% | 1.27%(f) | 1.24%(f),(g) | 0.76% | 32% | $307,872 |
Year Ended 12/31/2018 | $29.48 | (16.13%) | 1.25%(f) | 1.24%(f),(g) | 0.51% | 32% | $296,349 |
Advisor Class | |||||||
Year Ended 12/31/2022 | $21.82 | (33.62%) | 1.04%(d),(e),(f) | 0.98%(d),(e),(f),(g) | 0.96% | 29% | $6,644 |
Year Ended 12/31/2021 | $33.82 | 12.88% | 0.99% | 0.98%(g) | 0.14% | 27% | $9,279 |
Year Ended 12/31/2020 | $34.95 | 14.98% | 1.03%(f) | 0.99%(f),(g) | 0.52% | 55% | $22,549 |
Year Ended 12/31/2019 | $34.67 | 29.86% | 1.02%(f) | 0.99%(f),(g) | 1.00% | 32% | $12,733 |
Year Ended 12/31/2018 | $29.84 | (15.90%) | 1.00%(f) | 0.99%(f),(g) | 0.97% | 32% | $12,740 |
Class C | |||||||
Year Ended 12/31/2022 | $19.13 | (34.30%) | 2.02%(d),(e),(f) | 1.98%(d),(e),(f),(g) | (0.07%) | 29% | $4,070 |
Year Ended 12/31/2021 | $30.07 | 11.76% | 1.99% | 1.98%(g) | (0.74%) | 27% | $10,687 |
Year Ended 12/31/2020 | $31.43 | 13.82% | 2.02%(f) | 1.99%(f),(g) | (0.57%) | 55% | $19,998 |
Year Ended 12/31/2019 | $31.92 | 28.61% | 2.02%(f) | 2.00%(f),(g) | 0.01% | 32% | $18,749 |
Year Ended 12/31/2018 | $27.63 | (16.76%) | 2.00%(f) | 1.99%(f),(g) | (0.11%) | 32% | $22,817 |
Institutional Class | |||||||
Year Ended 12/31/2022 | $21.46 | (33.63%) | 1.03%(d),(e),(f) | 0.98%(d),(e),(f),(g) | 0.96% | 29% | $906,415 |
Year Ended 12/31/2021 | $33.28 | 12.89% | 0.99% | 0.98%(g) | 0.28% | 27% | $1,727,042 |
Year Ended 12/31/2020 | $34.47 | 14.99% | 1.03%(f) | 0.99%(f),(g) | 0.46% | 55% | $1,760,927 |
Year Ended 12/31/2019 | $34.25 | 29.89% | 1.02%(f) | 0.99%(f),(g) | 1.01% | 32% | $1,947,995 |
Year Ended 12/31/2018 | $29.51 | (15.93%) | 1.00%(f) | 0.99%(f),(g) | 0.76% | 32% | $1,824,055 |
Institutional 2 Class | |||||||
Year Ended 12/31/2022 | $21.45 | (33.60%) | 0.97%(d),(e),(f) | 0.92%(d),(e),(f) | 1.04% | 29% | $80,059 |
Year Ended 12/31/2021 | $33.25 | 12.97% | 0.95% | 0.92% | 0.34% | 27% | $126,973 |
Year Ended 12/31/2020 | $34.46 | 15.06% | 0.97%(f) | 0.92%(f) | 0.53% | 55% | $129,576 |
Year Ended 12/31/2019 | $34.22 | 29.95% | 0.97%(f) | 0.93%(f) | 1.06% | 32% | $183,763 |
Year Ended 12/31/2018 | $29.49 | (15.85%) | 0.93%(f) | 0.93%(f) | 0.81% | 32% | $160,488 |
Institutional 3 Class | |||||||
Year Ended 12/31/2022 | $21.84 | (33.58%) | 0.92%(d),(e),(f) | 0.88%(d),(e),(f) | 1.10% | 29% | $133,738 |
Year Ended 12/31/2021 | $33.83 | 13.00% | 0.90% | 0.88% | 0.40% | 27% | $179,991 |
Year Ended 12/31/2020 | $34.99 | 15.10% | 0.93%(f) | 0.88%(f) | 0.60% | 55% | $277,614 |
Year Ended 12/31/2019 | $34.67 | 30.04% | 0.92%(f) | 0.89%(f) | 1.12% | 32% | $239,441 |
Year Ended 12/31/2018 | $29.83 | (15.82%) | 0.88%(f) | 0.88%(f) | 1.10% | 32% | $198,933 |
Columbia Acorn Family of Funds | Annual Report 2022 | 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 R | |||||||
Year Ended 12/31/2022 | $33.19 | 0.11(c) | (11.34) | (11.23) | — | (0.67) | (0.67) |
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) |
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) | Net investment income per share includes European Union tax reclaims. The effect of these reclaims amounted to $0.02 per share. |
(d) | Ratios include Trustees’ fees deferred during the current period as well as any gains or losses on the Trustees’ deferred compensation balances as a result of market fluctuations. If these had been excluded, expenses would have been higher by 0.03%. |
(e) | Ratios include interest on collateral expense which is less than 0.01%. |
(f) | Ratios include line of credit interest expense which is less than 0.01%. |
(g) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(h) | Rounds to zero. |
70 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn International®
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 R | |||||||
Year Ended 12/31/2022 | $21.29 | (33.96%) | 1.52%(d),(e),(f) | 1.48%(d),(e),(f),(g) | 0.47% | 29% | $2,077 |
Year Ended 12/31/2021 | $33.19 | 12.34% | 1.49% | 1.48%(g) | (0.22%) | 27% | $3,691 |
Year Ended 12/31/2020 | $34.24 | 14.40% | 1.53%(f) | 1.49%(f),(g) | (0.04%) | 55% | $3,398 |
Year Ended 12/31/2019 | $34.22 | 29.21% | 1.52%(f) | 1.50%(f),(g) | 0.19% | 32% | $3,696 |
Year Ended 12/31/2018 | $29.44 | (16.32%) | 1.50%(f) | 1.49%(f),(g) | 0.26% | 32% | $10,049 |
Columbia Acorn Family of Funds | Annual Report 2022 | 71 |
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 12/31/2022 | $10.14 | (0.04) | (3.36) | (3.40) | — | (0.44) | (0.44) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2022 | $16.37 | (0.04) | (5.43) | (5.47) | — | (0.44) | (0.44) |
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) |
Class C(f) | |||||||
Year Ended 12/31/2022 | $15.03 | (0.15) | (4.97) | (5.12) | — | (0.43) | (0.43) |
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(g) | (0.19) | — | (7.96) | (7.96) |
Institutional Class | |||||||
Year Ended 12/31/2022 | $14.83 | (0.04) | (4.92) | (4.96) | — | (0.44) | (0.44) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2022 | $16.57 | (0.03) | (5.50) | (5.53) | — | (0.44) | (0.44) |
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) |
72 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn USA®
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 12/31/2022 | $6.30 | (33.75%) | 1.32%(c),(d) | 1.21%(c),(d),(e) | (0.59%) | 105% | $28,457 |
Year Ended 12/31/2021 | $10.14 | 8.74% | 1.40%(d) | 1.39%(d),(e) | (1.03%) | 69% | $53,016 |
Year Ended 12/31/2020 | $13.58 | 23.70% | 1.44% | 1.40%(e) | (0.91%) | 94% | $59,050 |
Year Ended 12/31/2019 | $11.69 | 30.88% | 1.45%(d) | 1.41%(d),(e) | (0.43%) | 91% | $56,578 |
Year Ended 12/31/2018 | $10.28 | (2.15%) | 1.44%(d) | 1.42%(d),(e) | (0.49%) | 86% | $49,179 |
Advisor Class | |||||||
Year Ended 12/31/2022 | $10.46 | (33.55%) | 1.07%(c),(d) | 0.95%(c),(d),(e) | (0.33%) | 105% | $14,778 |
Year Ended 12/31/2021 | $16.37 | 8.92% | 1.15%(d) | 1.14%(d),(e) | (0.78%) | 69% | $24,058 |
Year Ended 12/31/2020 | $19.32 | 24.08% | 1.19% | 1.15%(e) | (0.66%) | 94% | $23,158 |
Year Ended 12/31/2019 | $16.31 | 31.27% | 1.20%(d) | 1.16%(d),(e) | (0.18%) | 91% | $19,202 |
Year Ended 12/31/2018 | $13.77 | (1.91%) | 1.18%(d) | 1.17%(d),(e) | (0.27%) | 86% | $14,579 |
Class C(f) | |||||||
Year Ended 12/31/2022 | $9.48 | (34.23%) | 2.07%(c),(d) | 1.97%(c),(d),(e) | (1.37%) | 105% | $694 |
Year Ended 12/31/2021 | $15.03 | 7.85% | 2.15%(d) | 2.14%(d),(e) | (1.78%) | 69% | $1,809 |
Year Ended 12/31/2020 | $18.14 | 22.79% | 2.19% | 2.15%(e) | (1.66%) | 94% | $2,658 |
Year Ended 12/31/2019 | $16.47 | 29.93% | 2.20%(d) | 2.16%(d),(e) | (1.19%) | 91% | $3,195 |
Year Ended 12/31/2018 | $18.07 | (2.92%) | 2.19%(d) | 2.17%(d),(e) | (1.30%) | 86% | $4,608 |
Institutional Class | |||||||
Year Ended 12/31/2022 | $9.43 | (33.60%) | 1.07%(c),(d) | 0.95%(c),(d),(e) | (0.33%) | 105% | $98,679 |
Year Ended 12/31/2021 | $14.83 | 8.95% | 1.15%(d) | 1.14%(d),(e) | (0.78%) | 69% | $169,844 |
Year Ended 12/31/2020 | $17.90 | 24.04% | 1.19% | 1.15%(e) | (0.67%) | 94% | $170,650 |
Year Ended 12/31/2019 | $15.17 | 31.28% | 1.20%(d) | 1.16%(d),(e) | (0.18%) | 91% | $158,696 |
Year Ended 12/31/2018 | $12.90 | (1.98%) | 1.18%(d) | 1.17%(d),(e) | (0.26%) | 86% | $149,048 |
Institutional 2 Class | |||||||
Year Ended 12/31/2022 | $10.60 | (33.51%) | 1.00%(c),(d) | 0.90%(c),(d) | (0.26%) | 105% | $3,148 |
Year Ended 12/31/2021 | $16.57 | 8.99% | 1.11%(d) | 1.08%(d) | (0.71%) | 69% | $3,271 |
Year Ended 12/31/2020 | $19.50 | 24.10% | 1.14% | 1.08% | (0.60%) | 94% | $3,344 |
Year Ended 12/31/2019 | $16.46 | 31.41% | 1.13%(d) | 1.08%(d) | (0.09%) | 91% | $3,806 |
Year Ended 12/31/2018 | $13.87 | (1.89%) | 1.11%(d) | 1.09%(d) | (0.19%) | 86% | $3,332 |
Columbia Acorn Family of Funds | Annual Report 2022 | 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 | |
Institutional 3 Class | |||||||
Year Ended 12/31/2022 | $16.84 | (0.05) | (5.58) | (5.63) | — | (0.44) | (0.44) |
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) |
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 Trustees’ fees deferred during the current period as well as any gains or losses on the Trustees’ deferred compensation balances as a result of market fluctuations. If these had been excluded, expenses would have been higher by 0.04%. |
(d) | Ratios include line of credit interest expense which is less than 0.01%. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | 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. |
(g) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
74 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn USA®
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 12/31/2022 | $10.77 | (33.56%) | 0.97%(c),(d) | 0.91%(c),(d) | (0.38%) | 105% | $12,162 |
Year Ended 12/31/2021 | $16.84 | 9.09% | 1.05%(d) | 1.04%(d) | (0.69%) | 69% | $50,303 |
Year Ended 12/31/2020 | $19.74 | 24.16% | 1.09% | 1.04% | (0.55%) | 94% | $77,304 |
Year Ended 12/31/2019 | $16.65 | 31.45% | 1.08%(d) | 1.03%(d) | (0.05%) | 91% | $67,921 |
Year Ended 12/31/2018 | $14.01 | (1.86%) | 1.06%(d) | 1.04%(d) | (0.11%) | 86% | $55,248 |
Columbia Acorn Family of Funds | Annual Report 2022 | 75 |
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 12/31/2022 | $35.43 | 0.12(c) | (13.06) | (12.94) | — | (0.92) | (0.92) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2022 | $36.35 | 0.18(c) | (13.40) | (13.22) | — | (0.92) | (0.92) |
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) |
Class C | |||||||
Year Ended 12/31/2022 | $31.86 | (0.06)(c) | (11.72) | (11.78) | — | (0.92) | (0.92) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2022 | $36.01 | 0.18(c) | (13.28) | (13.10) | — | (0.92) | (0.92) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2022 | $36.33 | 0.20(c) | (13.39) | (13.19) | — | (0.92) | (0.92) |
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) |
76 | Columbia Acorn Family of Funds | Annual Report 2022 |
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 12/31/2022 | $21.57 | (36.80%) | 1.50%(d),(e) | 1.24%(d),(e),(f) | 0.48% | 21% | $124,963 |
Year Ended 12/31/2021 | $35.43 | 10.49% | 1.44%(e) | 1.23%(e),(f) | (0.15%) | 27% | $235,103 |
Year Ended 12/31/2020 | $33.67 | 18.21% | 1.48% | 1.26%(f) | (0.10%) | 68% | $230,519 |
Year Ended 12/31/2019 | $28.58 | 33.37% | 1.54%(e) | 1.35%(e),(f) | 0.34% | 46% | $37,461 |
Year Ended 12/31/2018 | $23.44 | (12.46%) | 1.54% | 1.40%(f) | 0.20% | 48% | $26,073 |
Advisor Class | |||||||
Year Ended 12/31/2022 | $22.21 | (36.63%) | 1.24%(d),(e) | 0.99%(d),(e),(f) | 0.71% | 21% | $924 |
Year Ended 12/31/2021 | $36.35 | 10.78% | 1.19%(e) | 0.98%(e),(f) | 0.11% | 27% | $2,462 |
Year Ended 12/31/2020 | $34.56 | 18.51% | 1.23% | 1.02%(f) | 0.12% | 68% | $2,748 |
Year Ended 12/31/2019 | $29.26 | 33.73% | 1.29%(e) | 1.10%(e),(f) | 0.63% | 46% | $2,030 |
Year Ended 12/31/2018 | $24.00 | (12.26%) | 1.29% | 1.15%(f) | 0.31% | 48% | $1,201 |
Class C | |||||||
Year Ended 12/31/2022 | $19.16 | (37.29%) | 2.25%(d),(e) | 1.99%(d),(e),(f) | (0.27%) | 21% | $1,085 |
Year Ended 12/31/2021 | $31.86 | 9.68% | 2.19%(e) | 1.98%(e),(f) | (0.93%) | 27% | $2,146 |
Year Ended 12/31/2020 | $30.40 | 17.37% | 2.23% | 2.02%(f) | (0.88%) | 68% | $3,251 |
Year Ended 12/31/2019 | $26.00 | 32.31% | 2.29%(e) | 2.10%(e),(f) | (0.42%) | 46% | $2,493 |
Year Ended 12/31/2018 | $21.48 | (13.11%) | 2.28% | 2.15%(f) | (0.43%) | 48% | $2,752 |
Institutional Class | |||||||
Year Ended 12/31/2022 | $21.99 | (36.65%) | 1.25%(d),(e) | 0.99%(d),(e),(f) | 0.73% | 21% | $79,829 |
Year Ended 12/31/2021 | $36.01 | 10.79% | 1.19%(e) | 0.98%(e),(f) | 0.10% | 27% | $159,876 |
Year Ended 12/31/2020 | $34.25 | 18.50% | 1.23% | 1.02%(f) | 0.12% | 68% | $155,133 |
Year Ended 12/31/2019 | $29.00 | 33.71% | 1.29%(e) | 1.10%(e),(f) | 0.59% | 46% | $88,922 |
Year Ended 12/31/2018 | $23.81 | (12.28%) | 1.28% | 1.15%(f) | 0.47% | 48% | $69,413 |
Institutional 2 Class | |||||||
Year Ended 12/31/2022 | $22.22 | (36.57%) | 1.11%(d),(e) | 0.89%(d),(e) | 0.78% | 21% | $9,225 |
Year Ended 12/31/2021 | $36.33 | 10.87% | 1.10%(e) | 0.89%(e) | 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%(e) | 1.00%(e) | 0.65% | 46% | $3,392 |
Year Ended 12/31/2018 | $24.01 | (12.16%) | 1.21% | 1.06% | 0.36% | 48% | $1,200 |
Columbia Acorn Family of Funds | Annual Report 2022 | 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 | |
Institutional 3 Class | |||||||
Year Ended 12/31/2022 | $36.31 | 0.21(c) | (13.39) | (13.18) | — | (0.92) | (0.92) |
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) |
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) | Net investment income per share includes European Union tax reclaims. The effect of these reclaims amounted to $0.02 per share. |
(d) | Ratios include Trustees’ fees deferred during the current period as well as any gains or losses on the Trustees’ deferred compensation balances as a result of market fluctuations. If these had been excluded, expenses would have been higher by 0.02%. |
(e) | Ratios include line of credit interest expense which is less than 0.01%. |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
78 | Columbia Acorn Family of Funds | Annual Report 2022 |
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 12/31/2022 | $22.21 | (36.56%) | 1.06%(d),(e) | 0.84%(d),(e) | 0.81% | 21% | $11,188 |
Year Ended 12/31/2021 | $36.31 | 10.93% | 1.05%(e) | 0.84%(e) | 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%(e) | 0.96%(e) | 0.72% | 46% | $13,861 |
Year Ended 12/31/2018 | $24.00 | (12.14%) | 1.14% | 1.02% | 0.58% | 48% | $8,627 |
Columbia Acorn Family of Funds | Annual Report 2022 | 79 |
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 12/31/2022 | $17.01 | 0.26 | (2.49) | (2.23) | (0.28) | (0.14) | (0.42) |
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) |
Advisor Class | |||||||
Year Ended 12/31/2022 | $16.81 | 0.29 | (2.45) | (2.16) | (0.32) | (0.14) | (0.46) |
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) |
Class C | |||||||
Year Ended 12/31/2022 | $17.14 | 0.14 | (2.49) | (2.35) | (0.17) | (0.14) | (0.31) |
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) |
Institutional Class | |||||||
Year Ended 12/31/2022 | $16.69 | 0.29 | (2.44) | (2.15) | (0.32) | (0.14) | (0.46) |
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) |
Institutional 2 Class | |||||||
Year Ended 12/31/2022 | $16.84 | 0.29 | (2.45) | (2.16) | (0.33) | (0.14) | (0.47) |
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) |
80 | Columbia Acorn Family of Funds | Annual Report 2022 |
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 12/31/2022 | $14.36 | (13.14%) | 0.54%(c),(d) | 0.50%(c),(d),(e) | 1.70% | 88% | $450,566 |
Year Ended 12/31/2021 | $17.01 | 6.16% | 0.54%(d) | 0.50%(d),(e) | 1.26% | 49% | $624,373 |
Year Ended 12/31/2020 | $18.31 | 29.27% | 0.56%(d) | 0.50%(d),(e) | 1.53% | 97% | $505,238 |
Year Ended 12/31/2019 | $15.12 | 14.94% | 0.58%(d) | 0.50%(d),(e) | 1.81% | 158% | $225,113 |
Year Ended 12/31/2018 | $13.85 | (0.13%) | 0.56% | 0.50%(e) | 1.66% | 122% | $193,683 |
Advisor Class | |||||||
Year Ended 12/31/2022 | $14.19 | (12.89%) | 0.29%(c),(d) | 0.25%(c),(d),(e) | 1.88% | 88% | $76,472 |
Year Ended 12/31/2021 | $16.81 | 6.43% | 0.29%(d) | 0.25%(d),(e) | 1.51% | 49% | $172,162 |
Year Ended 12/31/2020 | $18.12 | 29.58% | 0.32%(d) | 0.25%(d),(e) | 2.04% | 97% | $130,921 |
Year Ended 12/31/2019 | $14.97 | 15.21% | 0.33%(d) | 0.25%(d),(e) | 2.08% | 158% | $16,208 |
Year Ended 12/31/2018 | $13.72 | 0.12% | 0.31% | 0.25%(e) | 1.91% | 122% | $11,816 |
Class C | |||||||
Year Ended 12/31/2022 | $14.48 | (13.75%) | 1.29%(c),(d) | 1.25%(c),(d),(e) | 0.93% | 88% | $126,802 |
Year Ended 12/31/2021 | $17.14 | 5.40% | 1.29%(d) | 1.25%(d),(e) | 0.48% | 49% | $189,990 |
Year Ended 12/31/2020 | $18.43 | 28.28% | 1.31%(d) | 1.25%(d),(e) | 0.72% | 97% | $208,937 |
Year Ended 12/31/2019 | $15.23 | 14.02% | 1.33%(d) | 1.25%(d),(e) | 1.05% | 158% | $156,027 |
Year Ended 12/31/2018 | $13.96 | (0.88%) | 1.31% | 1.25%(e) | 0.90% | 122% | $166,292 |
Institutional Class | |||||||
Year Ended 12/31/2022 | $14.08 | (12.92%) | 0.29%(c),(d) | 0.25%(c),(d),(e) | 1.93% | 88% | $600,671 |
Year Ended 12/31/2021 | $16.69 | 6.42% | 0.29%(d) | 0.25%(d),(e) | 1.52% | 49% | $902,841 |
Year Ended 12/31/2020 | $18.01 | 29.63% | 0.31%(d) | 0.25%(d),(e) | 1.80% | 97% | $729,119 |
Year Ended 12/31/2019 | $14.88 | 15.14% | 0.33%(d) | 0.25%(d),(e) | 2.06% | 158% | $285,444 |
Year Ended 12/31/2018 | $13.65 | 0.12% | 0.31% | 0.25%(e) | 1.91% | 122% | $253,123 |
Institutional 2 Class | |||||||
Year Ended 12/31/2022 | $14.21 | (12.88%) | 0.25%(c),(d) | 0.20%(c),(d) | 1.94% | 88% | $90,290 |
Year Ended 12/31/2021 | $16.84 | 6.53% | 0.25%(d) | 0.20%(d) | 1.53% | 49% | $169,246 |
Year Ended 12/31/2020 | $18.14 | 29.59% | 0.27%(d) | 0.21%(d) | 1.82% | 97% | $129,197 |
Year Ended 12/31/2019 | $14.99 | 15.25% | 0.28%(d) | 0.21%(d) | 2.16% | 158% | $40,759 |
Year Ended 12/31/2018 | $13.74 | 0.16% | 0.26% | 0.21% | 1.97% | 122% | $16,478 |
Columbia Acorn Family of Funds | Annual Report 2022 | 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 | |
Institutional 3 Class | |||||||
Year Ended 12/31/2022 | $16.80 | 0.31 | (2.45) | (2.14) | (0.34) | (0.14) | (0.48) |
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) |
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 Trustees’ fees deferred during the current period as well as any gains or losses on the Trustees’ deferred compensation balances as a result of market fluctuations. If these had been excluded, expenses would have been higher by 0.01%. |
(d) | Ratios include line of credit interest expense which is less than 0.01%. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
82 | Columbia Acorn Family of Funds | Annual Report 2022 |
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 12/31/2022 | $14.18 | (12.82%) | 0.21%(c),(d) | 0.16%(c),(d) | 2.04% | 88% | $10,184 |
Year Ended 12/31/2021 | $16.80 | 6.52% | 0.21%(d) | 0.17%(d) | 1.94% | 49% | $15,581 |
Year Ended 12/31/2020 | $18.11 | 29.69% | 0.24%(d) | 0.17%(d) | 1.89% | 97% | $2,862 |
Year Ended 12/31/2019 | $14.96 | 15.24% | 0.25%(d) | 0.16%(d) | 2.13% | 158% | $837 |
Year Ended 12/31/2018 | $13.72 | 0.21% | 0.22% | 0.16% | 2.04% | 122% | $461 |
Columbia Acorn Family of Funds | Annual Report 2022 | 83 |
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 12/31/2022 | $33.33 | 0.06(c) | (12.78) | (12.72) | — | — |
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) |
Advisor Class | ||||||
Year Ended 12/31/2022 | $33.68 | 0.11(c) | (12.92) | (12.81) | — | — |
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) |
Class C | ||||||
Year Ended 12/31/2022 | $32.35 | (0.10)(c) | (12.40) | (12.50) | — | — |
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) |
Institutional Class | ||||||
Year Ended 12/31/2022 | $33.51 | 0.11(c) | (12.85) | (12.74) | — | — |
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) |
Institutional 2 Class | ||||||
Year Ended 12/31/2022 | $33.92 | 0.12(c) | (13.00) | (12.88) | — | — |
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) |
84 | Columbia Acorn Family of Funds | Annual Report 2022 |
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 12/31/2022 | $20.61 | (38.16%) | 1.80%(d),(e) | 1.45%(d),(e),(f) | 0.25% | 31% | $28,892 |
Year Ended 12/31/2021 | $33.33 | 21.47% | 1.63%(e) | 1.44%(e),(f) | (0.45%) | 21% | $66,374 |
Year Ended 12/31/2020 | $27.49 | 22.80% | 1.86%(e) | 1.45%(e) | (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%(e) | 1.45%(e) | 0.57% | 39% | $22,870 |
Advisor Class | |||||||
Year Ended 12/31/2022 | $20.87 | (38.03%) | 1.55%(d),(e) | 1.20%(d),(e),(f) | 0.47% | 31% | $1,161 |
Year Ended 12/31/2021 | $33.68 | 21.75% | 1.37%(e) | 1.19%(e),(f) | (0.32%) | 21% | $3,083 |
Year Ended 12/31/2020 | $27.78 | 23.10% | 1.61%(e) | 1.20%(e) | (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%(e) | 1.19%(e) | 0.97% | 39% | $1,496 |
Class C | |||||||
Year Ended 12/31/2022 | $19.85 | (38.64%) | 2.54%(d),(e) | 2.20%(d),(e),(f) | (0.47%) | 31% | $2,372 |
Year Ended 12/31/2021 | $32.35 | 20.57% | 2.39%(e) | 2.19%(e),(f) | (1.20%) | 21% | $7,078 |
Year Ended 12/31/2020 | $26.83 | 21.87% | 2.61%(e) | 2.20%(e) | (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%(e) | 2.20%(e) | (0.12%) | 39% | $8,770 |
Institutional Class | |||||||
Year Ended 12/31/2022 | $20.77 | (38.02%) | 1.54%(d),(e) | 1.20%(d),(e),(f) | 0.46% | 31% | $38,307 |
Year Ended 12/31/2021 | $33.51 | 21.76% | 1.38%(e) | 1.19%(e),(f) | (0.21%) | 21% | $111,462 |
Year Ended 12/31/2020 | $27.64 | 23.08% | 1.61%(e) | 1.20%(e) | (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%(e) | 1.20%(e) | 0.80% | 39% | $32,813 |
Institutional 2 Class | |||||||
Year Ended 12/31/2022 | $21.04 | (37.97%) | 1.40%(d),(e) | 1.14%(d),(e) | 0.48% | 31% | $2,863 |
Year Ended 12/31/2021 | $33.92 | 21.80% | 1.32%(e) | 1.14%(e) | (0.38%) | 21% | $25,882 |
Year Ended 12/31/2020 | $27.98 | 23.23% | 1.58%(e) | 1.14%(e) | (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%(e) | 1.13%(e) | 0.96% | 39% | $2,554 |
Columbia Acorn Family of Funds | Annual Report 2022 | 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 | |
Institutional 3 Class | ||||||
Year Ended 12/31/2022 | $33.38 | 0.13(c) | (12.80) | (12.67) | — | — |
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) |
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) | Net investment income per share includes special dividends. The effect of these dividends amounted to $0.01 per share. |
(d) | Ratios include Trustees’ fees deferred during the current period as well as any gains or losses on the Trustees’ deferred compensation balances as a result of market fluctuations. If these had been excluded, expenses would have been higher by 0.01%. |
(e) | Ratios include line of credit interest expense which is less than 0.01%. |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
86 | Columbia Acorn Family of Funds | Annual Report 2022 |
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 12/31/2022 | $20.71 | (37.96%) | 1.47%(d),(e) | 1.11%(d),(e) | 0.56% | 31% | $41 |
Year Ended 12/31/2021 | $33.38 | 21.83% | 1.32%(e) | 1.10%(e) | (0.15%) | 21% | $60 |
Year Ended 12/31/2020 | $27.54 | 23.24% | 1.52%(e) | 1.10%(e) | (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%(e) | 1.08%(e) | (0.21%) | 39% | $3 |
Columbia Acorn Family of Funds | Annual Report 2022 | 87 |
December 31, 2022
88 | Columbia Acorn Family of Funds | Annual Report 2022 |
December 31, 2022
Columbia Acorn Family of Funds | Annual Report 2022 | 89 |
December 31, 2022
90 | Columbia Acorn Family of Funds | Annual Report 2022 |
December 31, 2022
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (5,769,485) |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 13,204,593 |
* | Based on the ending quarterly outstanding amounts for the year ended December 31, 2022. |
Columbia Acorn Family of Funds | Annual Report 2022 | 91 |
December 31, 2022
Columbia Acorn International® | Columbia Acorn USA® | Columbia Acorn European FundSM | |
Goldman Sachs ($) | Goldman Sachs ($) | Goldman Sachs ($) | |
Liabilities | |||
Collateral on Securities Loaned | 17,725,620 | 493,800 | 365,056 |
Total Liabilities | 17,725,620 | 493,800 | 365,056 |
Total Financial and Derivative Net Assets | (17,725,620) | (493,800) | (365,056) |
Financial Instruments | 16,762,998 | 461,096 | 343,744 |
Net Amount (a) | (962,622) | (32,704) | (21,312) |
(a) | Represents the net amount due from/(to) counterparties in the event of default. |
92 | Columbia Acorn Family of Funds | Annual Report 2022 |
December 31, 2022
Overnight and continuous | Up to 30 days | 30-90 days | Greater than 90 days | Total | |
Columbia Acorn International® | |||||
Securities lending transactions | |||||
Equity securities | $16,762,998 | $— | $— | $— | $16,762,998 |
Gross amount of recognized liabilities for securities lending (collateral received) | 17,725,620 | ||||
Amounts due to counterparty in the event of default | $962,622 | ||||
Columbia Acorn USA® | |||||
Securities lending transactions | |||||
Equity securities | $461,096 | $— | $— | $— | $461,096 |
Gross amount of recognized liabilities for securities lending (collateral received) | 493,800 | ||||
Amounts due to counterparty in the event of default | $32,704 | ||||
Columbia Acorn European FundSM | |||||
Securities lending transactions | |||||
Equity securities | $343,744 | $— | $— | $— | $343,744 |
Gross amount of recognized liabilities for securities lending (collateral received) | 365,056 | ||||
Amounts due to counterparty in the event of default | $21,312 |
Columbia Acorn Family of Funds | Annual Report 2022 | 93 |
December 31, 2022
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 $700 million | 0.74% |
$700 million to $2 billion | 0.69% |
$2 billion to $6 billion | 0.64% |
$6 billion and over | 0.63% |
94 | Columbia Acorn Family of Funds | Annual Report 2022 |
December 31, 2022
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% |
Fund | Effective investment advisory fee rate (%) |
Columbia Acorn® Fund | 0.68 |
Columbia Acorn International® | 0.82 |
Columbia Acorn USA® | 0.82 |
Columbia Acorn International SelectSM | 0.89 |
Columbia Thermostat FundSM | 0.10 |
Columbia Acorn European FundSM | 1.14 |
Columbia Acorn Family of Funds | Annual Report 2022 | 95 |
December 31, 2022
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% |
$45 billion and over | 0.015% |
96 | Columbia Acorn Family of Funds | Annual Report 2022 |
December 31, 2022
Fund | Class A (%) | Advisor Class (%) | Class C (%) | Institutional Class (%) | Institutional 2 Class (%) | Institutional 3 Class (%) | Class R (%) |
Columbia Acorn® Fund | 0.08 | 0.09 | 0.08 | 0.08 | 0.05 | 0.01 | — |
Columbia Acorn International® | 0.11 | 0.11 | 0.11 | 0.11 | 0.04 | 0.00 | 0.11 |
Columbia Acorn USA® | 0.09 | 0.09 | 0.09 | 0.09 | 0.05 | 0.00 | — |
Columbia Acorn International SelectSM | 0.19 | 0.19 | 0.19 | 0.19 | 0.06 | 0.01 | — |
Columbia Thermostat FundSM | 0.09 | 0.09 | 0.09 | 0.09 | 0.05 | 0.01 | — |
Columbia Acorn European FundSM | 0.11 | 0.11 | 0.11 | 0.11 | 0.04 | 0.00 | — |
Fund | Amount ($) |
Columbia Acorn® Fund | 7,579 |
Columbia Acorn International® | 7,775 |
Columbia Acorn USA® | 1,300 |
Columbia Acorn International SelectSM | 11,529 |
Columbia Thermostat FundSM | 280 |
Columbia Acorn European FundSM | 160 |
Columbia Acorn Family of Funds | Annual Report 2022 | 97 |
December 31, 2022
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) | 93,350 | 763 |
Columbia Acorn International® | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 40,541 | 513 |
Columbia Acorn USA® | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 12,371 | 130 |
Columbia Acorn International SelectSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 21,817 | 15 |
Columbia Thermostat FundSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 428,371 | 35,844 |
Columbia Acorn European FundSM | 5.75 | — | 0.50 - 1.00(a) | 1.00(b) | 31,003 | 546 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | |
Columbia Acorn®Fund | 1.11% | 0.86% | 1.86% | 0.86% | 0.84% | 0.79% |
98 | Columbia Acorn Family of Funds | Annual Report 2022 |
December 31, 2022
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | Class R |
Columbia Acorn International® | 1.23% | 0.98% | 1.98% | 0.98% | 0.92% | 0.88% | 1.48% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | |
Columbia Acorn USA® | 1.08% | 0.83% | 1.83% | 0.83% | 0.81% | 0.76% |
Columbia Acorn Family of Funds | Annual Report 2022 | 99 |
December 31, 2022
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | |
Columbia Acorn International SelectSM | 1.24% | 0.99% | 1.99% | 0.99% | 0.89% | 0.84% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | |
Columbia Thermostat FundSM | 0.50% | 0.25% | 1.25% | 0.25% | 0.20% | 0.16% |
Fund | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | |
Columbia Acorn European FundSM | 1.45% | 1.20% | 2.20% | 1.20% | 1.14% | 1.11% |
100 | Columbia Acorn Family of Funds | Annual Report 2022 |
December 31, 2022
Fund | Undistributed net investment income ($) | Accumulated net realized gain (loss) ($) | Paid in capital decrease ($) |
Columbia Acorn® Fund | 11,900,608 | (52,906) | (11,847,702) |
Columbia Acorn International® | 918,865 | 1,000,656 | (1,919,521) |
Columbia Acorn USA® | 893,386 | 1,005,135 | (1,898,521) |
Columbia Acorn International SelectSM | 3,848,511 | 172,190 | (4,020,701) |
Columbia Thermostat FundSM | 950,198 | (950,197) | (1) |
Columbia Acorn European FundSM | 1,364,702 | 134,265 | (1,498,967) |
Year Ended December 31, 2022 | Year Ended December 31, 2021 | |||||
Fund | Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
Columbia Acorn® Fund | 22,200,389 | 132,000,400 | 154,200,789 | 78,584,909 | 984,296,937 | 1,062,881,846 |
Columbia Acorn International® | — | 44,899,689 | 44,899,689 | 40,477,298 | 303,672,612 | 344,149,910 |
Columbia Acorn USA® | 207,105 | 7,928,545 | 8,135,650 | 6,190,063 | 69,974,033 | 76,164,096 |
Columbia Acorn International SelectSM | — | 11,260,250 | 11,260,250 | 4,850,979 | 18,438,724 | 23,289,703 |
Columbia Thermostat FundSM | 31,126,013 | 12,725,392 | 43,851,405 | 100,826,478 | 172,798,104 | 273,624,582 |
Columbia Acorn European FundSM | — | — | — | 691,232 | — | 691,232 |
Columbia Acorn Family of Funds | Annual Report 2022 | 101 |
December 31, 2022
Fund | Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation (depreciation) ($) |
Columbia Acorn® Fund | — | — | (554,398,601) | (30,159,909) |
Columbia Acorn International® | — | — | (114,341,355) | 163,095,811 |
Columbia Acorn USA® | — | — | (32,951,654) | (2,905,632) |
Columbia Acorn International SelectSM | — | — | (26,189,404) | 969,156 |
Columbia Thermostat FundSM | 2,117,771 | — | (109,247,022) | (156,711,730) |
Columbia Acorn European FundSM | — | — | (17,812,649) | 9,512,145 |
Fund | Tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation (depreciation) ($) |
Columbia Acorn® Fund | 2,524,174,409 | 320,565,748 | (350,725,657) | (30,159,909) |
Columbia Acorn International® | 1,135,175,015 | 272,605,417 | (109,509,606) | 163,095,811 |
Columbia Acorn USA® | 161,752,597 | 18,997,477 | (21,903,109) | (2,905,632) |
Columbia Acorn International SelectSM | 225,647,666 | 34,722,120 | (33,752,964) | 969,156 |
Columbia Thermostat FundSM | 1,513,510,034 | 12,788,282 | (169,500,012) | (156,711,730) |
Columbia Acorn European FundSM | 64,376,179 | 18,767,151 | (9,255,006) | 9,512,145 |
Fund | No expiration short-term ($) | No expiration long-term ($) | Total ($) | Utilized ($) |
Columbia Acorn® Fund | (554,398,601) | — | (554,398,601) | — |
Columbia Acorn International® | (88,072,256) | (26,269,099) | (114,341,355) | — |
Columbia Acorn USA® | (32,951,654) | — | (32,951,654) | — |
Columbia Acorn International SelectSM | (9,822,688) | (16,366,716) | (26,189,404) | — |
Columbia Thermostat FundSM | (45,168,210) | (64,078,812) | (109,247,022) | — |
Columbia Acorn European FundSM | (17,634,463) | (178,186) | (17,812,649) | — |
Fund | Late year ordinary losses ($) | Post-October capital losses ($) |
Columbia Acorn International® | — | 19,857,848 |
102 | Columbia Acorn Family of Funds | Annual Report 2022 |
December 31, 2022
Purchases ($) | Proceeds from sales ($) | |
Columbia Acorn® Fund | 1,963,272,553 | 2,528,015,634 |
Columbia Acorn International® | 457,685,287 | 715,863,840 |
Columbia Acorn USA® | 201,844,356 | 248,290,863 |
Columbia Acorn International SelectSM | 64,065,707 | 144,593,469 |
Columbia Thermostat FundSM | 1,463,893,730 | 1,875,346,942 |
Columbia Acorn European FundSM | 35,367,745 | 97,735,770 |
Fund | Average loan balance ($) | Weighted average interest rate (%) | Days outstanding |
Columbia Acorn International® | 1,300,000 | 1.16 | 1 |
Columbia Acorn USA® | 14,700,000 | 1.16 | 1 |
Columbia Acorn International SelectSM | 1,675,000 | 2.47 | 4 |
Columbia Thermostat FundSM | 2,642,857 | 2.23 | 21 |
Columbia Acorn European FundSM | 3,270,000 | 2.48 | 20 |
Columbia Acorn Family of Funds | Annual Report 2022 | 103 |
December 31, 2022
104 | Columbia Acorn Family of Funds | Annual Report 2022 |
December 31, 2022
Columbia Acorn Family of Funds | Annual Report 2022 | 105 |
December 31, 2022
Fund | Number of unaffiliated accounts | Percentage of shares outstanding held — unaffiliated (%) | Percentage of shares outstanding held — affiliated (%) |
Columbia Acorn® Fund | — | — | — |
Columbia Acorn International® | 2 | 21.6 | — |
Columbia Acorn USA® | 1 | 10.1 | — |
Columbia Acorn International SelectSM | — | — | 26.4 |
Columbia Thermostat FundSM | 2 | 23.2 | 23.5 |
Columbia Acorn European FundSM | 2 | 30.9 | 28.1 |
106 | Columbia Acorn Family of Funds | Annual Report 2022 |
December 31, 2022
Columbia Acorn Family of Funds | Annual Report 2022 | 107 |
108 | Columbia Acorn Family of Funds | Annual Report 2022 |
(Unaudited)
Qualified dividend income | Dividends received deduction | Section 199A dividends | 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 | 26.32% | 26.05% | 0.00% | $0 | $0.0000 | $0 | $0.0000 |
Columbia Acorn International® | 100.00% | 0.00% | 0.00% | $1,381,065 | $0.0231 | $29,536,706 | $0.4938 |
Columbia Acorn USA® | 37.70% | 37.05% | 0.00% | $0 | $0.0000 | $0 | $0.0000 |
Columbia Acorn International SelectSM | 100.00% | 0.00% | 0.00% | $295,683 | $0.0283 | $5,478,279 | $0.5247 |
Columbia Thermostat FundSM | 7.80% | 7.75% | 0.16% | $149,461 | $0.0016 | $364,248 | $0.0038 |
Columbia Acorn European FundSM | 100.00% | 0.00% | 0.00% | $141,174 | $0.0397 | $1,820,281 | $0.5114 |
Columbia Acorn Family of Funds | Annual Report 2022 | 109 |
Shareholder Services Group
71 S Wacker Drive, 25th Floor
Chicago, IL 60606
800.922.6769
Name and age at December 31, 2022 | 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 |
Maureen M. Culhane, 74 | 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, 69 | 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 (6 series). |
John C. Heaton, 63 | 2010 | Joseph L. Gidwitz Professor of Finance, University of Chicago Booth School of Business since 2000; Deputy Dean for Faculty, University of Chicago Booth School of Business, 2012-2019. | 9 | None. |
Dianne F. Lob, 68 | 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. |
Charles R. Phillips, 66 | 2015 | Retired. Formerly, Vice Chairman, J.P. Morgan Private Bank, 2011-2014; Managing Director, J.P. Morgan Private Bank, 2001-2011. | 9 | None. |
110 | Columbia Acorn Family of Funds | Annual Report 2022 |
Name and age at December 31, 2022 | Year first appointed or elected to a Board in the Columbia Funds Complex | Principal occupation(s) during the past five years | Number of Funds in the Columbia Funds Complex overseen (1) | Other directorships held by the Trustee during the past five years in addition to Columbia Acorn Trust and Wanger Advisors Trust |
David J. Rudis, 69, 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, 2022 | 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, 88 (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. |
(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 predecessor to Columbia Acorn Trust. |
Name and age at December 31, 2022 | 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, 61 | Co-President and Principal Executive Officer | 2021 | Vice President, Head of North America Product, Columbia Management Investment Advisers, LLC since April 2015; Trustee, President and Principal Executive Officer of the Columbia Funds since June 2021; officer of Columbia Funds and affiliated funds, 2020-2021; Board of Governors, CWAM since January 2022; Director, Ameriprise Trust Company since October 2016; Director, Columbia Management Investment Distributors, Inc. since November 2018. |
Joseph Beranek, 57 | Assistant Treasurer | 2022 | Vice President - Mutual Fund Accounting and Financial Reporting, Columbia Management, since December 2018 and March 2017, respectively (previously Vice President - Pricing and Corporate Actions, May 2010-March 2017); Treasurer and Chief Accounting Officer of Columbia Funds since 2019. |
James Chapman, 52 | Vice President | 2021 | Portfolio manager and/or analyst, CWAM since 2018; partner, TDKY Advisors, September 2017-July 2018; portfolio manager and analyst, GMO LLC, November 2009-June 2017. |
Columbia Acorn Family of Funds | Annual Report 2022 | 111 |
Name and age at December 31, 2022 | Position held with Columbia Acorn Trust and Wanger Advisors Trust | Year first appointed or elected to office | Principal occupation(s) during the past five years |
Michael G. Clarke, 52 | Treasurer and Principal Accounting and Financial Officer | 2004 | Senior Vice President - Head of Global Operations since February 2022, Vice President - Co-Head of Global Operations from June 2019 to January 2022, Vice President - Mutual Fund Accounting & Administration Services, Columbia Management from May 2010 to May 2019; Assistant Treasurer, Columbia Acorn Trust and Wanger Advisors Trust from 2004 to 2021; senior officer of Columbia Funds and affiliated funds since 2002. |
John L. Emerson, 47 | Vice President | 2020 | Portfolio manager and/or analyst, CWAM since 2003. |
Tae Han (Simon) Kim, 42 | Vice President | 2018 | Director of International Research, CWAM since 2020; portfolio manager and/or analyst, CWAM since 2011. |
Stephen Kusmierczak, 55 | Co-President | 2011 | Internaional Team Head, CWAM since 2020; portfolio manager and/or analyst, CWAM or its predecessors since 2001; President, Columbia Acorn Trust and Wanger Advisors Trust, April 2021-July 2022 and Co-President, Columbia Acorn Trust and Wanger Advisors Trust, September 2020-April 2021; Vice President, Columbia Acorn Trust and Wanger Advisors Trust, 2011 - 2020. |
Joseph C. LaPalm, 52 | Vice President | 2006 | Chief Compliance Officer, CWAM since 2005. |
Ryan C. Larrenaga, 51 | Assistant Secretary and Chief Legal Officer | 2015 | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously, Vice President and Group Counsel, August 2011-August 2018); Senior Vice President and Chief Legal Officer since 2017, and Secretary, Columbia Funds since 2015; officer of Columbia Funds and affiliated funds since 2005. |
Erika K. Maschmeyer, 41 | Vice President | 2020 | Director of Research (U.S.), CWAM since April 2021; portfolio manager and/or analyst, CWAM since 2016. |
Thomas P. McGuire, 49 | 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, September 2010-September 2020. |
Sebastien Pigeon, 50 | Vice President | 2021 | Portfolio manager and/or analyst, CWAM since 2015. |
Marybeth Pilat, 53 | Assistant Treasurer | 2022 | Vice President - Product Pricing and Administration, Columbia Management since May 2017; Director - Fund Administration, Calvert Investments, August 2015-March 2017. |
Julian Quero, 55 | Assistant Treasurer | 2015 | Vice President – Tax, Columbia Management Investment Advisers, LLC since 2009. |
Martha A. Skinner, 47 | Assistant Treasurer | 2016 | Vice President of Financial Reporting and Administration, Columbia Management since November 2015. |
Hans F. Stege, 38 | Vice President | 2020 | Portfolio manager and/or analyst, CWAM since 2017; prior thereto, analyst, Copia Capital. |
Zoe Tan, 37 | Vice President | 2021 | Portfolio manager and/or analyst, CWAM, since 2018; senior analyst, Driehaus Capital Management, January 2014-June 2017. |
Linda Roth, 52 | Secretary | 2006 | Business support analyst, CWAM since April 2007; Assistant Secretary, Columbia Acorn Trust and Wanger Advisors Trust, 2011-2020. |
112 | Columbia Acorn Family of Funds | Annual Report 2022 |
Columbia Acorn Family of Funds | Annual Report 2022 | 113 |
Item 2. Code of Ethics.
(a)The registrant has adopted a code of ethics that applies to the registrant's prin cipal 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 and Dianne Lob, members of the registrant's Board of Trustees and Audit Committee, qualify as audit committee financial experts. Ms. Culhane and Ms. Lob are independent trustees, 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, 2022 and December 31,
2021 are approximately as follows:
2022 | 2021 |
$158,500 | $158,500 |
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, 2022 and December 31, 2021 are approximately as follows:
2022 | 2021 |
$0 | $0 |
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 2022 and 2021, Audit-Related Fees consist of agreed-upon procedures performed for other audit-related additional testing.
During the fiscal years ended December 31, 2022 and December 31, 2021, 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, 2022 and December 31, 2021 are approximately as follows:
2022 | 2021 |
$104,600 | $11,200 |
Tax Fees incurred in both fiscal years 2022 and 2021 relate to the review of annual tax returns, the review of required shareholder distribution calculations and include amounts for professional services by the principal accountant for tax compliance, tax advice and tax planning. Fiscal year 2021 and 2022 also include Tax Fees for foreign tax filings.
During the fiscal years ended December 31, 2022 and December 31, 2021, 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,
2022 and December 31, 2021 are as follows:
2022 | 2021 |
$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) throu gh (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, 2022 and December 31, 2021 are approximately as follows:
2022 | 2021 |
$535,000 | $520,000 |
In both fiscal years 2022 and 2021, 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 Chairma n 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, 2022 and December 31, 2021 are approximately as follows:
2022 | 2021 |
$639,600 | $531,200 |
(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 |
| Daniel J. Beckman, Co-President and Principal Executive Officer |
|
|
Date | February 22, 2023 |
|
|
|
|
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 |
| Daniel J. Beckman, Co-President and Principal Executive Officer |
|
|
Date | February 22, 2023 |
By (Signature and Title) | /s/ Michael G. Clarke |
| Michael G. Clarke, Treasurer and Principal Accounting |
| and Financial Officer |
|
|
Date | February 22, 2023 |