1-800-345-6611.
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Class A | $ 106 | 1.01 % |
Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
Class A (excluding sales charges) | 10.26 | 4.69 | 4.34 |
Class A (including sales charges) | 3.88 | 3.45 | 3.73 |
Modified Blended Benchmark - 60% MSCI ACWI Index (Net), 40% Bloomberg Global Aggregate Index | 14.03 | 6.41 | 5.01 |
Blended Benchmark - 60% MSCI ACWI Index (Net) Hedged to DM Currencies, 40% Bloomberg Global Aggregate Hedged USD Index | 15.87 | 7.93 | 6.87 |
FTSE Three-Month U.S. Treasury Bill Index | 5.61 | 2.17 | 1.48 |
MSCI ACWI (Net) | 23.56 | 11.68 | 8.40 |
Bloomberg Global Aggregate Index | 0.77 | (1.62 ) | (0.37 ) |
Fund net assets | $ 2,658,705,110 |
Total number of portfolio holdings | 383 |
Management services fees (represents 0.69% of Fund average net assets) | $ 21,348,501 |
Portfolio turnover for the reporting period | 190% |
Portfolio turnover for the reporting period excluding to be announced (TBA) securities | 28% |
Long | |
Credit Risk | 30.0 % |
Equity Risk | 50.7 % |
Foreign Exchange Risk | 55.1 % |
Interest Rate Risk | 17.7 % |
Short | |
Equity Risk | 10.1 % |
Foreign Exchange Risk | 82.8 % |
Interest Rate Risk | 4.9 % |
1-800-345-6611.
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Advisor Class | $ 80 | 0.76 % |
Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
Advisor Class (a) | 10.61 | 4.97 | 4.60 |
Modified Blended Benchmark - 60% MSCI ACWI Index (Net), 40% Bloomberg Global Aggregate Index | 14.03 | 6.41 | 5.01 |
Blended Benchmark - 60% MSCI ACWI Index (Net) Hedged to DM Currencies, 40% Bloomberg Global Aggregate Hedged USD Index | 15.87 | 7.93 | 6.87 |
FTSE Three-Month U.S. Treasury Bill Index | 5.61 | 2.17 | 1.48 |
MSCI ACWI (Net) | 23.56 | 11.68 | 8.40 |
Bloomberg Global Aggregate Index | 0.77 | (1.62 ) | (0.37 ) |
(a) | The returns shown for periods prior to October 1, 2014 (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of Class A. 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 formore information. |
Fund net assets | $ 2,658,705,110 |
Total number of portfolio holdings | 383 |
Management services fees (represents 0.69% of Fund average net assets) | $ 21,348,501 |
Portfolio turnover for the reporting period | 190% |
Portfolio turnover for the reporting period excluding to be announced (TBA) securities | 28% |
Long | |
Credit Risk | 30.0 % |
Equity Risk | 50.7 % |
Foreign Exchange Risk | 55.1 % |
Interest Rate Risk | 17.7 % |
Short | |
Equity Risk | 10.1 % |
Foreign Exchange Risk | 82.8 % |
Interest Rate Risk | 4.9 % |
1-800-345-6611.
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Class C | $ 184 | 1.76 % |
Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
Class C (excluding sales charges) | 9.36 | 3.91 | 3.57 |
Class C (including sales charges) | 8.36 | 3.91 | 3.57 |
Modified Blended Benchmark - 60% MSCI ACWI Index (Net), 40% Bloomberg Global Aggregate Index | 14.03 | 6.41 | 5.01 |
Blended Benchmark - 60% MSCI ACWI Index (Net) Hedged to DM Currencies, 40% Bloomberg Global Aggregate Hedged USD Index | 15.87 | 7.93 | 6.87 |
FTSE Three-Month U.S. Treasury Bill Index | 5.61 | 2.17 | 1.48 |
MSCI ACWI (Net) | 23.56 | 11.68 | 8.40 |
Bloomberg Global Aggregate Index | 0.77 | (1.62 ) | (0.37 ) |
Fund net assets | $ 2,658,705,110 |
Total number of portfolio holdings | 383 |
Management services fees (represents 0.69% of Fund average net assets) | $ 21,348,501 |
Portfolio turnover for the reporting period | 190% |
Portfolio turnover for the reporting period excluding to be announced (TBA) securities | 28% |
Long | |
Credit Risk | 30.0 % |
Equity Risk | 50.7 % |
Foreign Exchange Risk | 55.1 % |
Interest Rate Risk | 17.7 % |
Short | |
Equity Risk | 10.1 % |
Foreign Exchange Risk | 82.8 % |
Interest Rate Risk | 4.9 % |
1-800-345-6611.
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Institutional Class | $ 80 | 0.76 % |
Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
Institutional Class | 10.63 | 4.96 | 4.61 |
Modified Blended Benchmark - 60% MSCI ACWI Index (Net), 40% Bloomberg Global Aggregate Index | 14.03 | 6.41 | 5.01 |
Blended Benchmark - 60% MSCI ACWI Index (Net) Hedged to DM Currencies, 40% Bloomberg Global Aggregate Hedged USD Index | 15.87 | 7.93 | 6.87 |
FTSE Three-Month U.S. Treasury Bill Index | 5.61 | 2.17 | 1.48 |
MSCI ACWI (Net) | 23.56 | 11.68 | 8.40 |
Bloomberg Global Aggregate Index | 0.77 | (1.62 ) | (0.37 ) |
Fund net assets | $ 2,658,705,110 |
Total number of portfolio holdings | 383 |
Management services fees (represents 0.69% of Fund average net assets) | $ 21,348,501 |
Portfolio turnover for the reporting period | 190% |
Portfolio turnover for the reporting period excluding to be announced (TBA) securities | 28% |
Long | |
Credit Risk | 30.0 % |
Equity Risk | 50.7 % |
Foreign Exchange Risk | 55.1 % |
Interest Rate Risk | 17.7 % |
Short | |
Equity Risk | 10.1 % |
Foreign Exchange Risk | 82.8 % |
Interest Rate Risk | 4.9 % |
1-800-345-6611.
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Institutional 2 Class | $ 81 | 0.77 % |
Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
Institutional 2 Class | 10.58 | 4.94 | 4.62 |
Modified Blended Benchmark - 60% MSCI ACWI Index (Net), 40% Bloomberg Global Aggregate Index | 14.03 | 6.41 | 5.01 |
Blended Benchmark - 60% MSCI ACWI Index (Net) Hedged to DM Currencies, 40% Bloomberg Global Aggregate Hedged USD Index | 15.87 | 7.93 | 6.87 |
FTSE Three-Month U.S. Treasury Bill Index | 5.61 | 2.17 | 1.48 |
MSCI ACWI (Net) | 23.56 | 11.68 | 8.40 |
Bloomberg Global Aggregate Index | 0.77 | (1.62 ) | (0.37 ) |
Fund net assets | $ 2,658,705,110 |
Total number of portfolio holdings | 383 |
Management services fees (represents 0.69% of Fund average net assets) | $ 21,348,501 |
Portfolio turnover for the reporting period | 190% |
Portfolio turnover for the reporting period excluding to be announced (TBA) securities | 28% |
Long | |
Credit Risk | 30.0 % |
Equity Risk | 50.7 % |
Foreign Exchange Risk | 55.1 % |
Interest Rate Risk | 17.7 % |
Short | |
Equity Risk | 10.1 % |
Foreign Exchange Risk | 82.8 % |
Interest Rate Risk | 4.9 % |
1-800-345-6611.
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Institutional 3 Class | $ 76 | 0.72 % |
Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
Institutional 3 Class (a) | 10.61 | 5.00 | 4.67 |
Modified Blended Benchmark - 60% MSCI ACWI Index (Net), 40% Bloomberg Global Aggregate Index | 14.03 | 6.41 | 5.01 |
Blended Benchmark - 60% MSCI ACWI Index (Net) Hedged to DM Currencies, 40% Bloomberg Global Aggregate Hedged USD Index | 15.87 | 7.93 | 6.87 |
FTSE Three-Month U.S. Treasury Bill Index | 5.61 | 2.17 | 1.48 |
MSCI ACWI (Net) | 23.56 | 11.68 | 8.40 |
Bloomberg Global Aggregate Index | 0.77 | (1.62 ) | (0.37 ) |
(a) | The returns shown for periods prior to October 1, 2014 (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of Class A. 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. |
Fund net assets | $ 2,658,705,110 |
Total number of portfolio holdings | 383 |
Management services fees (represents 0.69% of Fund average net assets) | $ 21,348,501 |
Portfolio turnover for the reporting period | 190% |
Portfolio turnover for the reporting period excluding to be announced (TBA) securities | 28% |
Long | |
Credit Risk | 30.0 % |
Equity Risk | 50.7 % |
Foreign Exchange Risk | 55.1 % |
Interest Rate Risk | 17.7 % |
Short | |
Equity Risk | 10.1 % |
Foreign Exchange Risk | 82.8 % |
Interest Rate Risk | 4.9 % |
Item 2. Code of Ethics.
The registrant has adopted a code of ethics (the “Code”) 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. During the period covered by this report, there were not any amendments to a provision of the Code that relates to any element of the code of ethics definition enumerated in paragraph (b) of Item 2 of Form N-CSR. During the period covered by this report, there were no waivers, including any implicit waivers, from a provision of the Code that relates to one or more of the items set forth in paragraph (b) of Item 2 of Form N-CSR. A copy of the Code is attached hereto.
Item 3. Audit Committee Financial Expert.
The registrant’s Board of Trustees has determined that J. Kevin Connaughton, Brian J. Gallagher, Douglas A. Hacker, David M. Moffett and Sandra L. Yeager qualify as “audit committee financial experts,” as such term is defined in Form N-CSR. Mr. Connaughton, Mr. Gallagher, Mr. Hacker, Mr. Moffett and Ms. Yeager, are also each “independent” members of the Audit Committee pursuant to paragraph (a)(2) of Item 3 of Form N-CSR.
Item 4. Principal Accountant Fees and Services.
The Registrant has engaged its principal accountant to perform audit services, audit-related services, tax services and other services during the past two fiscal years. The following table details the aggregate fees billed or expected to be billed for each of the last two fiscal years for the series of the relevant registrant whose reports to shareholders are included in this annual filing.
Amount billed to the registrant | Amount billed to the registrant's investment advisor | |||
May 31, 2024 | May 31, 2023 | May 31, 2024 | May 31, 2023 | |
Audit fees (a) | $52,505 | $50,490 | $0 | $0 |
Audit-related fees (b) | $0 | $0 | $0 | $0 |
Tax fees (c) | $12,850 | $14,350 | $0 | $0 |
All other fees (d) | $0 | $0 | $0 | $0 |
Non-audit fees (g) | $0 | $0 | $581,000 | $577,000 |
(a) 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 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.
(c) Tax Fees include amounts for the review of annual tax returns, the review of required shareholder distribution calculations and typically include amounts for professional services by the principal accountant for tax compliance, tax advice, tax planning and foreign tax filings, if applicable.
(d) All Other Fees include amounts for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) above and typically include SOC-1 reviews.
(e)(1) Audit Committee Pre-Approval Policies and Procedures
The registrant’s Audit Committee is required to pre-approve the engagement of the registrant’s independent auditors to provide audit and non-audit services to the registrant and non-audit services to its investment adviser (excluding any sub-adviser whose role is primarily portfolio management and is sub-contracted or overseen by another investment adviser (the “Adviser”) or any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Fund (a “Control Affiliate”) if the engagement relates directly to the operations and financial reporting of the registrant.
The Audit Committee has adopted a Policy for Engagement of Independent Auditors for Audit and Non-Audit Services (the “Policy”). The Policy sets forth the understanding of the Audit Committee regarding the engagement of the registrant’s independent accountants to provide (i) audit and permissible audit-related, tax and other services to the registrant (“Fund Services”); (ii) non-audit services to the registrant’s Adviser and any Control Affiliates, that relates directly to the operations and financial reporting of a Fund (“Fund-related Adviser Services”); and (iii) certain other audit and non-audit services to the registrant’s Adviser and its Control Affiliates. A service will require specific pre-approval by the Audit Committee if it is to be provided by the Fund’s independent auditor; provided, however, that pre-approval of non-audit services to the Fund, the Adviser or Control Affiliates may be waived if certain de minimis requirements set forth in the SEC’s rules are met.
Under the Policy, the Audit Committee may delegate pre-approval authority to any pre-designated member or members who are independent board members. The member(s) to whom such authority is delegated must report, for informational purposes only, any pre-approval decisions to the Audit Committee at its next regular meeting. The Audit Committee's responsibilities with respect to the pre-approval of services performed by the independent auditor may not be delegated to management.
On an annual basis, at a regularly scheduled Audit Committee meeting, the Fund’s Treasurer or other Fund officer shall submit to the Audit Committee a schedule of the types of Fund Services and Fund-related Adviser Services that are subject to specific pre-approval. This schedule will provide a description of each type of service that is subject to specific pre-approval, along with total projected fees for each service. The pre-approval will generally cover a one-year period. The Audit Committee will review and approve the types of services and the projected fees for the next one-year period and may add to, or subtract from, the list of pre-approved services from time to time, based on subsequent determinations. This specific approval acknowledges that the Audit Committee is in agreement with the specific types of services that the independent auditor will be permitted to perform and the projected fees for each service.
The Fund’s Treasurer or other Fund officer shall report to the Audit Committee at each of its regular meetings regarding all Fund Services or Fund-related Adviser Services provided since the last such report was rendered, including a description of the services, by category, with forecasted fees for the annual reporting period, proposed changes requiring specific pre-approval and a description of services provided by the independent auditor, by category, with actual fees during the current reporting period.
(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.
(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.
(i) Not applicable.
(j) Not applicable.
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 7 of this Form N-CSR.
(b) Not applicable.
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
Not FDIC or NCUA Insured | No Financial Institution Guarantee | May Lose Value |
Alternative Strategies Funds 7.9% | ||
Shares | Value ($) | |
Columbia Commodity Strategy Fund, Institutional 3 Class(a) | 20,481,406 | 210,958,482 |
Total Alternative Strategies Funds (Cost $208,311,271) | 210,958,482 | |
Common Stocks 5.8% | ||
Issuer | Shares | Value ($) |
Health Care 0.0% | ||
Health Care Providers & Services 0.0% | ||
Chartwell Retirement Residences | 17,500 | 160,113 |
Total Health Care | 160,113 | |
Real Estate 5.8% | ||
Diversified REITs 0.3% | ||
Activia Properties, Inc. | 126 | 296,285 |
American Assets Trust, Inc. | 9,000 | 195,750 |
CapitaLand Ascott Trust | 177,800 | 117,999 |
Daiwa House REIT Investment Corp. | 210 | 332,365 |
Empire State Realty Trust, Inc., Class A | 166,900 | 1,590,557 |
GPT Group (The) | 268,911 | 754,378 |
H&R Real Estate Investment Trust | 30,400 | 205,202 |
Heiwa Real Estate REIT, Inc. | 129 | 107,364 |
Hulic REIT, Inc. | 101 | 92,740 |
Kenedix Office Investment | 477 | 460,587 |
Merlin Properties Socimi SA | 56,194 | 677,373 |
Mirvac Group | 556,813 | 731,310 |
Mori Trust Sogo REIT, Inc. | 174 | 77,476 |
NIPPON REIT Investment Corp. | 36 | 77,721 |
Nomura Real Estate Master Fund, Inc. | 519 | 487,679 |
Premier Investment Corp. | 113 | 84,231 |
Sekisui House REIT, Inc. | 404 | 210,772 |
Star Asia Investment Corp. | 337 | 126,417 |
Stockland | 311,106 | 937,456 |
Suntec Real Estate Investment Trust | 180,100 | 142,976 |
Tokyu REIT, Inc. | 90 | 89,000 |
United Urban Investment Corp. | 299 | 266,470 |
Total | 8,062,108 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care REITs 0.6% | ||
Alexandria Real Estate Equities, Inc.(b) | 18,024 | 2,144,856 |
CareTrust REIT, Inc. | 11,000 | 281,270 |
Cofinimmo SA | 3,905 | 258,624 |
Healthcare Realty Trust, Inc. | 35,900 | 582,657 |
Healthpeak Properties, Inc. | 72,661 | 1,445,954 |
Medical Properties Trust, Inc. | 74,200 | 397,712 |
National Health Investors, Inc. | 4,600 | 303,968 |
Omega Healthcare Investors, Inc. | 25,500 | 824,415 |
Parkway Life Real Estate Investment Trust | 23,800 | 63,105 |
Sabra Health Care REIT, Inc. | 25,600 | 373,248 |
Ventas, Inc. | 41,200 | 2,070,712 |
Welltower, Inc.(b) | 57,380 | 5,948,584 |
Total | 14,695,105 | |
Hotel & Resort REITs 0.2% | ||
Apple Hospitality REIT, Inc. | 23,000 | 332,120 |
CDL Hospitality Trusts | 90,700 | 65,943 |
DiamondRock Hospitality Co. | 267,600 | 2,266,572 |
Hoshino Resorts REIT, Inc. | 32 | 105,638 |
Invincible Investment Corp. | 807 | 350,812 |
Japan Hotel REIT Investment Corp. | 406 | 202,198 |
Park Hotels & Resorts, Inc. | 1,700 | 26,962 |
Ryman Hospitality Properties, Inc. | 6,500 | 682,955 |
Service Properties Trust | 25,200 | 135,576 |
Sunstone Hotel Investors, Inc. | 21,700 | 223,076 |
Xenia Hotels & Resorts, Inc. | 12,200 | 176,778 |
Total | 4,568,630 | |
Industrial REITs 0.8% | ||
Americold Realty Trust, Inc. | 30,100 | 802,767 |
CapitaLand Ascendas REIT | 338,600 | 656,136 |
Dream Industrial Real Estate Investment Trust | 21,500 | 193,555 |
EastGroup Properties, Inc. | 5,100 | 842,418 |
ESR-LOGOS REIT | 650,900 | 139,699 |
First Industrial Realty Trust, Inc. | 35,435 | 1,669,697 |
Frasers Logistics & Commercial Trust(c) | 288,400 | 211,814 |
GLP J-REIT | 563 | 468,124 |
Goodman Group | 201,552 | 4,529,781 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Goodman Property Trust | 108,356 | 145,868 |
Granite Real Estate Investment Trust | 8,700 | 430,356 |
Industrial & Infrastructure Fund Investment Corp. | 191 | 152,418 |
Innovative Industrial Properties, Inc. | 3,000 | 323,340 |
Japan Logistics Fund, Inc. | 76 | 131,413 |
LaSalle Logiport REIT | 177 | 166,305 |
LXP Industrial Trust | 150,400 | 1,278,400 |
Mapletree Industrial Trust | 245,500 | 400,978 |
Mapletree Logistics Trust | 513,600 | 508,099 |
Mitsubishi Estate Logistics REIT Investment Corp. | 33 | 80,417 |
Mitsui Fudosan Logistics Park, Inc. | 43 | 120,584 |
Montea NV | 7,089 | 646,570 |
Nippon Prologis REIT, Inc. | 267 | 440,724 |
Prologis, Inc.(b) | 63,027 | 6,963,853 |
Total | 21,303,316 | |
Office REITs 0.2% | ||
Allied Properties Real Estate Investment Trust | 12,800 | 158,621 |
COPT Defense Properties | 12,300 | 303,441 |
Cousins Properties, Inc. | 82,300 | 1,903,599 |
Daiwa Office Investment Corp. | 50 | 88,511 |
Dexus Property Group | 130,299 | 591,157 |
Easterly Government Properties, Inc. | 18,200 | 215,488 |
Global One Real Estate Investment Corp. | 86 | 55,735 |
Hudson Pacific Properties, Inc. | 25,400 | 124,714 |
Ichigo Office REIT Investment Corp. | 103 | 53,712 |
Japan Excellent, Inc. | 130 | 99,505 |
Japan Prime Realty Investment Corp. | 94 | 196,579 |
Japan Real Estate Investment Corp. | 130 | 428,682 |
Keppel REIT | 167,700 | 106,382 |
Mori Hills REIT Investment Corp. | 137 | 114,191 |
Nippon Building Fund, Inc. | 177 | 660,999 |
ORIX JREIT, Inc. | 263 | 266,687 |
Piedmont Office Realty Trust, Inc. | 20,600 | 150,174 |
Precinct Properties Group | 258,892 | 185,399 |
Total | 5,703,576 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate Management & Development 1.2% | ||
Aeon Mall Co., Ltd. | 10,500 | 126,307 |
Aroundtown SA(d) | 65,726 | 155,052 |
Azrieli Group Ltd. | 3,614 | 218,910 |
CapitaLand Investment Ltd. | 252,700 | 499,408 |
Castellum AB(d) | 47,204 | 589,508 |
Catena AB | 14,292 | 730,806 |
City Developments Ltd. | 41,300 | 171,923 |
CK Asset Holdings Ltd. | 196,500 | 778,304 |
CTP NV(c) | 30,640 | 548,300 |
Dios Fastigheter AB | 318,770 | 2,759,031 |
Fastighets AB Balder, Class B(d) | 332,635 | 2,252,182 |
Grand City Properties SA(d) | 335,488 | 4,109,998 |
Heiwa Real Estate Co., Ltd. | 4,700 | 113,478 |
Hongkong Land Holdings Ltd. | 112,200 | 381,410 |
Hulic Co., Ltd. | 55,200 | 511,336 |
Hysan Development Co., Ltd. | 62,000 | 96,131 |
Kennedy-Wilson Holdings, Inc. | 12,000 | 122,640 |
Mitsubishi Estate Co., Ltd. | 110,500 | 1,863,448 |
Mitsui Fudosan Co., Ltd. | 270,900 | 2,488,775 |
New World Development Co., Ltd. | 153,000 | 166,187 |
Nomura Real Estate Holdings, Inc. | 10,800 | 278,448 |
Nyfosa AB | 88,988 | 909,746 |
Platzer Fastigheter Holding AB, Class B | 130,630 | 1,149,380 |
PSP Swiss Property AG | 15,181 | 1,909,934 |
Sagax AB, Class B | 26,172 | 690,910 |
Sino Land Co., Ltd. | 382,000 | 406,540 |
Sumitomo Realty & Development Co., Ltd. | 39,700 | 1,243,119 |
Sun Hung Kai Properties Ltd. | 144,000 | 1,391,402 |
Swire Properties Ltd. | 105,800 | 194,596 |
Swiss Prime Site AG | 35,439 | 3,282,392 |
Tokyo Tatemono Co., Ltd. | 19,900 | 322,288 |
UOL Group Ltd. | 86,400 | 345,861 |
Wharf Real Estate Investment Co., Ltd. | 189,000 | 549,917 |
Total | 31,357,667 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Residential REITs 0.9% | ||
Advance Residence Investment Corp. | 130 | 267,761 |
Apartment Income REIT Corp. | 15,700 | 608,375 |
AvalonBay Communities, Inc.(b) | 26,280 | 5,063,630 |
Boardwalk Real Estate Investment Trust | 2,800 | 144,566 |
Canadian Apartment Properties REIT | 16,600 | 543,204 |
Care Property Invest NV | 144,037 | 2,180,419 |
Centerspace | 2,638 | 180,070 |
Comforia Residential REIT, Inc. | 69 | 141,221 |
Daiwa Securities Living Investments Corp. | 166 | 109,707 |
Elme Communities | 8,100 | 124,821 |
Equity LifeStyle Properties, Inc. | 1,200 | 75,324 |
Equity Residential(b) | 74,400 | 4,838,232 |
Essex Property Trust, Inc.(b) | 6,500 | 1,688,635 |
Independence Realty Trust, Inc. | 23,300 | 389,110 |
Invitation Homes, Inc.(b) | 88,920 | 3,093,527 |
Killam Apartment Real Estate Investment Trust | 11,100 | 140,486 |
Nippon Accommodations Fund, Inc. | 40 | 161,718 |
Sun Communities, Inc. | 19,974 | 2,356,732 |
UDR, Inc. | 32,254 | 1,245,650 |
Veris Residential, Inc. | 11,100 | 169,719 |
Total | 23,522,907 | |
Retail REITs 0.8% | ||
AEON REIT Investment Corp. | 137 | 116,109 |
Brixmor Property Group, Inc. | 102,378 | 2,304,529 |
CapitaLand Mall Trust | 602,400 | 877,433 |
Choice Properties Real Estate Investment Trust | 25,600 | 238,541 |
Crombie Real Estate Investment Trust | 9,900 | 91,667 |
Federal Realty Investment Trust(b) | 8,444 | 852,422 |
First Capital Realty, Inc. | 28,000 | 295,213 |
Fortune Real Estate Investment Trust | 120,000 | 61,235 |
Frasers Centrepoint Trust | 93,300 | 150,116 |
Frontier Real Estate Investment Corp. | 40 | 113,882 |
Fukuoka REIT Corp. | 62 | 63,754 |
Japan Retail Fund Investment Corp. | 855 | 503,583 |
Kimco Realty Corp.(b) | 147,400 | 2,853,664 |
Kiwi Property Group Ltd. | 219,516 | 110,711 |
Lendlease Global Commercial REIT | 490,300 | 201,793 |
Link REIT (The) | 253,500 | 1,068,861 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Macerich Co. (The) | 24,700 | 373,464 |
Mapletree Commercial Trust | 192,000 | 174,172 |
Realty Income Corp.(b) | 53,744 | 2,851,657 |
RioCan Real Estate Investment Trust | 30,800 | 390,720 |
Scentre Group | 669,334 | 1,412,368 |
Simon Property Group, Inc.(b) | 39,827 | 6,026,223 |
SITE Centers Corp. | 21,964 | 316,721 |
Smart Real Estate Investment Trust | 18,100 | 296,941 |
Vicinity Ltd. | 615,926 | 805,126 |
Total | 22,550,905 | |
Specialized REITs 0.8% | ||
CubeSmart | 22,500 | 951,975 |
Digital Realty Trust, Inc.(b) | 14,800 | 2,151,032 |
EPR Properties | 14,100 | 578,664 |
Equinix, Inc.(b) | 12,480 | 9,521,990 |
Extra Space Storage, Inc.(b) | 20,425 | 2,956,927 |
Four Corners Property Trust, Inc. | 16,500 | 402,765 |
Keppel DC REIT | 103,500 | 138,348 |
National Storage REIT | 189,349 | 283,643 |
Public Storage(b) | 13,000 | 3,559,790 |
SBA Communications Corp. | 4,500 | 885,060 |
Total | 21,430,194 | |
Total Real Estate | 153,194,408 | |
Total Common Stocks (Cost $151,425,554) | 153,354,521 |
Foreign Government Obligations(e),(f) 10.2% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Canada 0.3% | ||||
Canadian Government Bond | ||||
06/01/2033 | 2.750% | CAD | 12,000,000 | 8,215,770 |
China 2.8% | ||||
China Development Bank | ||||
07/18/2032 | 2.960% | CNY | 110,000,000 | 15,788,700 |
China Government Bond | ||||
11/21/2029 | 3.130% | CNY | 38,350,000 | 5,585,325 |
05/21/2030 | 2.680% | CNY | 52,200,000 | 7,392,772 |
05/15/2032 | 2.760% | CNY | 110,000,000 | 15,673,690 |
05/25/2033 | 2.670% | CNY | 146,000,000 | 20,694,080 |
04/15/2053 | 3.190% | CNY | 63,000,000 | 9,760,116 |
Total | 74,894,683 |
Foreign Government Obligations(e),(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
France 1.5% | ||||
French Republic Government Bond OAT(c),(g) | ||||
11/25/2030 | 0.000% | EUR | 12,178,000 | 10,926,742 |
French Republic Government Bond OAT(c) | ||||
05/25/2033 | 3.000% | EUR | 20,300,000 | 21,837,140 |
05/25/2036 | 1.250% | EUR | 7,807,000 | 6,817,550 |
Total | 39,581,432 | |||
Italy 0.3% | ||||
Italy Buoni Poliennali Del Tesoro(c) | ||||
02/01/2037 | 4.000% | EUR | 7,350,000 | 7,964,788 |
Japan 3.4% | ||||
Japan Government 10-Year Bond | ||||
06/20/2031 | 0.100% | JPY | 2,812,450,000 | 17,058,991 |
Japan Government 20-Year Bond | ||||
06/20/2041 | 0.400% | JPY | 1,417,800,000 | 7,311,800 |
09/20/2041 | 0.500% | JPY | 1,391,000,000 | 7,268,353 |
03/20/2042 | 0.800% | JPY | 1,325,400,000 | 7,248,564 |
03/20/2043 | 1.100% | JPY | 2,830,000,000 | 16,050,076 |
Japan Government 30-Year Bond | ||||
06/20/2050 | 0.600% | JPY | 1,068,800,000 | 4,791,872 |
06/20/2051 | 0.700% | JPY | 1,028,650,000 | 4,658,321 |
09/20/2051 | 0.700% | JPY | 1,022,300,000 | 4,611,956 |
12/20/2051 | 0.700% | JPY | 1,015,450,000 | 4,562,933 |
03/20/2052 | 1.000% | JPY | 968,200,000 | 4,715,393 |
03/20/2053 | 1.400% | JPY | 1,392,000,000 | 7,460,695 |
Japan Government 40-Year Bond | ||||
03/20/2063 | 1.300% | JPY | 573,000,000 | 2,709,127 |
Total | 88,448,081 | |||
New Zealand 0.3% | ||||
New Zealand Government Bond(c) | ||||
04/14/2033 | 3.500% | NZD | 15,000,000 | 8,374,516 |
South Korea 0.8% | ||||
Korea Treasury Bond | ||||
06/10/2033 | 3.250% | KRW | 30,000,000,000 | 21,450,604 |
Spain 0.2% | ||||
Spain Government Bond(c) | ||||
04/30/2033 | 3.150% | EUR | 4,660,000 | 4,995,439 |
Sweden 0.6% | ||||
Sweden Government Bond | ||||
03/30/2039 | 3.500% | SEK | 151,000,000 | 16,049,260 |
Total Foreign Government Obligations (Cost $329,768,147) | 269,974,573 | |||
Inflation-Indexed Bonds(e) 13.5% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Australia 0.6% | ||||
Australia Government Bond(c) | ||||
11/21/2027 | 0.750% | AUD | 4,929,639 | 3,188,064 |
08/21/2035 | 2.000% | AUD | 3,970,601 | 2,645,803 |
08/21/2040 | 1.250% | AUD | 2,434,833 | 1,430,743 |
Australia Government Index-Linked Bond(c) | ||||
09/20/2025 | 3.000% | AUD | 11,727,079 | 7,924,616 |
Total | 15,189,226 | |||
Canada 0.5% | ||||
Canadian Government Real Return Bond | ||||
12/01/2031 | 4.000% | CAD | 6,917,818 | 5,853,925 |
12/01/2036 | 3.000% | CAD | 6,381,648 | 5,269,355 |
12/01/2041 | 2.000% | CAD | 3,616,451 | 2,710,616 |
Total | 13,833,896 | |||
France 1.2% | ||||
France Government Bond OAT(c) | ||||
07/25/2030 | 0.700% | EUR | 2,499,140 | 2,706,423 |
07/25/2032 | 3.150% | EUR | 10,342,249 | 13,275,503 |
French Republic Government Bond OAT(c) | ||||
07/25/2036 | 0.100% | EUR | 8,640,621 | 8,485,216 |
07/25/2040 | 1.800% | EUR | 5,888,256 | 7,169,675 |
Total | 31,636,817 | |||
Germany 0.5% | ||||
Bundesrepublik Deutschland Bundesobligation Inflation-Linked Bond(c) | ||||
04/15/2030 | 0.500% | EUR | 12,141,790 | 13,078,360 |
Italy 0.7% | ||||
Italy Buoni Poliennali Del Tesoro(c) | ||||
09/15/2026 | 3.100% | EUR | 2,627,102 | 2,958,321 |
05/15/2028 | 1.300% | EUR | 9,615,711 | 10,337,613 |
09/15/2035 | 2.350% | EUR | 4,701,272 | 5,369,000 |
Total | 18,664,934 | |||
Japan 0.6% | ||||
Japanese Government CPI-Linked Bond | ||||
03/10/2029 | 0.100% | JPY | 1,745,633,880 | 11,666,742 |
03/10/2033 | 0.005% | JPY | 533,000,000 | 3,565,116 |
Total | 15,231,858 | |||
New Zealand 0.1% | ||||
New Zealand Government Inflation-Linked Bond(c) | ||||
09/20/2030 | 3.000% | NZD | 6,039,260 | 3,858,386 |
Sweden 0.2% | ||||
Sweden Inflation-Linked Bond(c) | ||||
06/01/2032 | 0.125% | SEK | 49,322,628 | 4,421,444 |
06/01/2039 | 0.125% | SEK | 24,273,020 | 2,077,739 |
Total | 6,499,183 |
Inflation-Indexed Bonds(e) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
United Kingdom 3.6% | ||||
United Kingdom Gilt Inflation-Linked Bond(c) | ||||
03/22/2029 | 0.125% | GBP | 15,913,922 | 20,068,400 |
03/22/2034 | 0.750% | GBP | 13,266,406 | 17,116,189 |
11/22/2037 | 1.125% | GBP | 10,120,254 | 13,349,047 |
03/22/2044 | 0.125% | GBP | 11,135,065 | 11,368,127 |
11/22/2047 | 0.750% | GBP | 6,083,253 | 6,859,245 |
03/22/2050 | 0.500% | GBP | 6,416,231 | 6,614,156 |
03/22/2052 | 0.250% | GBP | 6,514,412 | 6,158,462 |
11/22/2056 | 0.125% | GBP | 7,951,114 | 6,941,253 |
11/22/2065 | 0.125% | GBP | 5,073,768 | 4,102,529 |
03/22/2068 | 0.125% | GBP | 2,931,168 | 2,334,786 |
Total | 94,912,194 | |||
United States 5.5% | ||||
U.S. Treasury Inflation-Indexed Bond | ||||
07/15/2027 | 0.375% | 17,390,152 | 16,437,770 | |
01/15/2028 | 0.500% | 19,951,828 | 18,737,573 | |
01/15/2029 | 0.875% | 22,195,831 | 20,951,650 | |
07/15/2029 | 0.250% | 12,836,688 | 11,731,530 | |
07/15/2030 | 0.125% | 19,398,458 | 17,288,875 | |
04/15/2032 | 3.375% | 19,883,706 | 21,647,608 | |
02/15/2042 | 0.750% | 15,306,926 | 11,919,073 | |
02/15/2043 | 0.625% | 4,413,734 | 3,307,714 | |
02/15/2045 | 0.750% | 9,799,074 | 7,316,387 | |
02/15/2048 | 1.000% | 7,767,874 | 5,911,170 | |
02/15/2050 | 0.250% | 10,629,937 | 6,444,815 | |
02/15/2053 | 1.500% | 3,992,736 | 3,339,705 | |
Total | 145,033,870 | |||
Total Inflation-Indexed Bonds (Cost $435,566,170) | 357,938,724 | |||
Residential Mortgage-Backed Securities - Agency 4.6% | ||||
Government National Mortgage Association TBA(h) | ||||
06/20/2054 | 3.000% | 15,250,000 | 13,172,040 | |
06/20/2054 | 3.500% | 12,150,000 | 10,841,743 | |
06/20/2054 | 4.000% | 7,820,000 | 7,187,920 | |
Uniform Mortgage-Backed Security TBA(h) | ||||
06/18/2039 | 2.500% | 8,148,328 | 7,318,628 | |
06/18/2039- 06/13/2054 | 3.000% | 37,900,000 | 32,211,928 | |
06/13/2054 | 3.500% | 23,700,000 | 20,777,780 | |
06/13/2054 | 4.000% | 19,440,000 | 17,640,879 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
06/13/2054 | 4.500% | 14,330,000 | 13,417,780 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $122,815,153) | 122,568,698 | |||
U.S. Treasury Obligations 17.1% | ||||
U.S. Treasury | ||||
10/31/2026 | 1.125% | 43,400,000 | 39,826,281 | |
11/30/2028 | 1.500% | 22,742,000 | 19,961,435 | |
04/30/2029 | 2.875% | 19,089,000 | 17,721,452 | |
05/15/2029 | 2.375% | 7,507,000 | 6,802,046 | |
08/15/2029 | 1.625% | 10,483,500 | 9,105,903 | |
05/31/2030 | 3.750% | 80,600,000 | 77,407,485 | |
06/30/2030 | 3.750% | 38,850,000 | 37,286,895 | |
08/15/2030 | 0.625% | 26,810,000 | 21,240,642 | |
02/15/2031 | 1.125% | 24,922,000 | 20,151,773 | |
08/15/2031 | 1.250% | 31,458,000 | 25,245,045 | |
11/15/2031 | 1.375% | 26,522,000 | 21,325,346 | |
05/15/2033 | 3.375% | 173,400,000 | 159,175,781 | |
Total U.S. Treasury Obligations (Cost $499,997,602) | 455,250,084 |
Money Market Funds 41.0% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.547%(a),(i) | 1,091,165,440 | 1,090,947,206 |
Total Money Market Funds (Cost $1,090,912,169) | 1,090,947,206 | |
Total Investments in Securities (Cost: $2,838,796,066) | 2,660,992,288 | |
Other Assets & Liabilities, Net | (2,287,178 ) | |
Net Assets | 2,658,705,110 |
Forward foreign currency exchange contracts | |||||
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) |
56,739,000 AUD | 36,483,177 USD | Barclays | 06/04/2024 | — | (1,268,118 ) |
32,234,000 GBP | 40,315,064 USD | Barclays | 06/04/2024 | — | (759,111 ) |
60,215,000 HKD | 7,699,783 USD | Barclays | 06/04/2024 | 49 | — |
2,489,000 MXN | 146,625 USD | Barclays | 06/04/2024 | — | (76 ) |
459,450,000 NOK | 43,584,672 USD | Barclays | 06/04/2024 | — | (187,895 ) |
42,425,783 USD | 65,981,000 AUD | Barclays | 06/04/2024 | 1,474,675 | — |
1,907,879 USD | 20,112,000 NOK | Barclays | 06/04/2024 | 8,225 | — |
20,112,000 NOK | 1,909,718 USD | Barclays | 07/12/2024 | — | (8,248 ) |
145,750 USD | 2,489,000 MXN | Barclays | 07/12/2024 | 47 | — |
53,107,664 USD | 559,226,000 NOK | Barclays | 07/12/2024 | 222,503 | — |
57,280,000 CHF | 63,394,950 USD | Citi | 06/04/2024 | — | (83,744 ) |
3,824,697 USD | 3,553,000 EUR | Citi | 06/04/2024 | 30,486 | — |
12,934,496 USD | 21,131,000 NZD | Citi | 06/04/2024 | 54,729 | — |
31,137,663 USD | 330,573,000 SEK | Citi | 06/04/2024 | 273,832 | — |
1,560,000 AUD | 1,043,428 USD | Citi | 06/13/2024 | 5,202 | — |
14,243,000 AUD | 9,436,734 USD | Citi | 06/13/2024 | — | (42,410 ) |
1,198,000 EUR | 1,301,856 USD | Citi | 06/13/2024 | 1,434 | — |
10,841,000 EUR | 11,697,399 USD | Citi | 06/13/2024 | — | (70,441 ) |
6,912,000 SGD | 5,117,244 USD | Citi | 06/13/2024 | — | (484 ) |
21,131,000 NZD | 12,934,547 USD | Citi | 07/12/2024 | — | (54,622 ) |
330,573,000 SEK | 31,196,668 USD | Citi | 07/12/2024 | — | (276,089 ) |
42,722,768 USD | 39,345,000 EUR | Citi | 07/12/2024 | 43,122 | — |
5,282,000 SGD | 3,889,528 USD | Goldman Sachs International | 06/04/2024 | — | (19,590 ) |
173,225,872 USD | 136,098,265 GBP | Goldman Sachs International | 06/04/2024 | 197,343 | — |
136,098,265 GBP | 173,256,494 USD | Goldman Sachs International | 07/12/2024 | — | (200,836 ) |
12,041,845 USD | 1,877,090,000 JPY | Goldman Sachs International | 07/12/2024 | — | (34,665 ) |
564,810,000 CNY | 79,232,658 USD | HSBC | 06/04/2024 | 1,263,304 | — |
33,415,585,803 JPY | 216,734,970 USD | HSBC | 06/04/2024 | 4,255,487 | — |
29,232,000,000 KRW | 21,262,729 USD | HSBC | 06/04/2024 | 149,732 | — |
79,416,479 USD | 564,810,000 CNY | HSBC | 06/04/2024 | — | (1,447,125 ) |
7,702,583 USD | 60,215,000 HKD | HSBC | 06/04/2024 | — | (2,849 ) |
202,605,524 USD | 31,619,132,803 JPY | HSBC | 06/04/2024 | — | (1,549,137 ) |
21,343,458 USD | 29,232,000,000 KRW | HSBC | 06/04/2024 | — | (230,461 ) |
143,056 USD | 2,489,000 MXN | HSBC | 06/04/2024 | 3,645 | — |
8,458,640 USD | 92,298,000 SEK | HSBC | 06/04/2024 | 311,641 | — |
3,911,857 USD | 5,282,000 SGD | HSBC | 06/04/2024 | — | (2,739 ) |
564,810,000 CNY | 79,288,271 USD | HSBC | 07/12/2024 | — | (101,789 ) |
60,215,000 HKD | 7,710,781 USD | HSBC | 07/12/2024 | 2,626 | — |
25,174,159,803 JPY | 161,571,158 USD | HSBC | 07/12/2024 | 539,635 | — |
29,232,000,000 KRW | 21,377,797 USD | HSBC | 07/12/2024 | 195,501 | — |
5,282,000 SGD | 3,919,116 USD | HSBC | 07/12/2024 | 2,653 | — |
41,364,707 USD | 6,444,973,000 JPY | HSBC | 07/12/2024 | — | (138,155 ) |
53,911,000 DKK | 7,721,584 USD | JPMorgan | 06/04/2024 | — | (120,814 ) |
4,719,213 USD | 3,777,000 GBP | JPMorgan | 06/04/2024 | 93,629 | — |
2,893,376 USD | 2,662,000 EUR | JPMorgan | 07/12/2024 | 75 | — |
65,981,000 AUD | 43,797,495 USD | Morgan Stanley | 06/04/2024 | — | (102,963 ) |
245,677,296 EUR | 262,822,230 USD | Morgan Stanley | 06/04/2024 | — | (3,749,920 ) |
20,731,000 NZD | 12,222,894 USD | Morgan Stanley | 06/04/2024 | — | (520,452 ) |
37,662,752 USD | 56,739,000 AUD | Morgan Stanley | 06/04/2024 | 88,541 | — |
260,590,409 USD | 240,907,288 EUR | Morgan Stanley | 06/04/2024 | 806,044 | — |
2,097,526 USD | 327,339,000 JPY | Morgan Stanley | 06/04/2024 | — | (16,078 ) |
41,586,261 USD | 452,340,000 SEK | Morgan Stanley | 06/04/2024 | 1,395,699 | — |
745,636 USD | 13,870,000 ZAR | Morgan Stanley | 06/04/2024 | — | (7,281 ) |
13,870,000 ZAR | 722,304 USD | Morgan Stanley | 06/04/2024 | — | (16,051 ) |
4,935,000 CAD | 3,607,127 USD | Morgan Stanley | 06/13/2024 | — | (14,350 ) |
Forward foreign currency exchange contracts (continued) | |||||
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) |
4,834,000 CHF | 5,351,757 USD | Morgan Stanley | 06/13/2024 | — | (11,050 ) |
38,364,000 HKD | 4,911,611 USD | Morgan Stanley | 06/13/2024 | 4,695 | — |
2,589,631,000 JPY | 16,863,762 USD | Morgan Stanley | 06/13/2024 | 373,738 | — |
89,314,000 SEK | 8,269,566 USD | Morgan Stanley | 06/13/2024 | — | (221,077 ) |
2,763,624 USD | 2,541,000 EUR | Morgan Stanley | 06/13/2024 | — | (5,384 ) |
56,739,000 AUD | 37,704,722 USD | Morgan Stanley | 07/12/2024 | — | (89,693 ) |
9,421,000 CHF | 10,471,421 USD | Morgan Stanley | 07/12/2024 | — | (15,873 ) |
218,082,288 EUR | 236,580,028 USD | Morgan Stanley | 07/12/2024 | — | (463,643 ) |
43,846,301 USD | 65,981,000 AUD | Morgan Stanley | 07/12/2024 | 104,303 | — |
13,870,000 ZAR | 743,354 USD | Morgan Stanley | 07/12/2024 | 7,382 | — |
108,881,265 GBP | 135,674,767 USD | State Street | 06/04/2024 | — | (3,067,185 ) |
20,112,000 NOK | 1,827,789 USD | State Street | 06/04/2024 | — | (88,315 ) |
400,000 NZD | 241,298 USD | State Street | 06/04/2024 | — | (4,582 ) |
9,581,952 USD | 1,469,114,000 JPY | State Street | 06/04/2024 | — | (240,305 ) |
41,755,048 USD | 459,450,000 NOK | State Street | 06/04/2024 | 2,017,520 | — |
65,981,000 AUD | 43,846,486 USD | State Street | 07/12/2024 | — | (104,118 ) |
116,343,000 CAD | 84,990,138 USD | UBS | 06/04/2024 | — | (371,027 ) |
872,611,000 SEK | 80,168,291 USD | UBS | 06/04/2024 | — | (2,748,390 ) |
23,055,738 USD | 31,561,000 CAD | UBS | 06/04/2024 | 100,651 | — |
7,829,537 USD | 53,911,000 DKK | UBS | 06/04/2024 | 12,861 | — |
75,296,000 CAD | 55,080,545 USD | UBS | 07/12/2024 | — | (207,765 ) |
53,911,000 DKK | 7,846,248 USD | UBS | 07/12/2024 | — | (13,498 ) |
85,053,203 USD | 116,343,000 CAD | UBS | 07/12/2024 | 375,079 | — |
32,210,000 CAD | 23,440,798 USD | Wells Fargo | 06/04/2024 | — | (191,764 ) |
2,600,000 SEK | 240,275 USD | Wells Fargo | 06/04/2024 | — | (6,781 ) |
85,140,183 USD | 116,992,000 CAD | Wells Fargo | 06/04/2024 | 697,156 | — |
63,257,869 USD | 57,280,000 CHF | Wells Fargo | 06/04/2024 | 220,826 | — |
1,316,806 USD | 1,217,008 EUR | Wells Fargo | 06/04/2024 | 3,708 | — |
1,559,224 USD | 1,240,000 GBP | Wells Fargo | 06/04/2024 | 20,846 | — |
9,701,000 SEK | 905,987 USD | Wells Fargo | 06/13/2024 | — | (16,239 ) |
1,651,613 USD | 259,354,000 JPY | Wells Fargo | 06/13/2024 | — | (122 ) |
57,280,000 CHF | 63,529,738 USD | Wells Fargo | 07/12/2024 | — | (233,366 ) |
9,450,000 GBP | 12,038,507 USD | Wells Fargo | 07/12/2024 | — | (5,524 ) |
2,029,468 USD | 317,336,815 JPY | Wells Fargo | 07/12/2024 | 440 | — |
2,053,717 USD | 21,573,000 SEK | Wells Fargo | 07/12/2024 | 177 | — |
Total | 15,359,241 | (19,132,194 ) |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
Australian 10-Year Bond | 280 | 06/2024 | AUD | 31,544,696 | — | (688,605 ) |
Canadian Government 10-Year Bond | 417 | 09/2024 | CAD | 49,572,960 | — | (104,022 ) |
Euro-Bobl | 69 | 09/2024 | EUR | 7,961,910 | 9,615 | — |
Euro-BTP | 22 | 09/2024 | EUR | 2,556,840 | — | (1,702 ) |
Euro-Bund | 155 | 09/2024 | EUR | 20,146,900 | 14,921 | — |
Euro-Buxl 30-Year | 47 | 09/2024 | EUR | 6,016,940 | 51,057 | — |
Euro-OAT | 105 | 09/2024 | EUR | 13,052,550 | 14,665 | — |
Long Gilt | 445 | 09/2024 | GBP | 42,862,400 | — | (310,658 ) |
MSCI EAFE Index | 1,836 | 06/2024 | USD | 217,584,360 | 1,344,227 | — |
MSCI Emerging Markets Index | 3,885 | 06/2024 | USD | 205,225,125 | 1,740,936 | — |
S&P 500 Index E-mini | 2,993 | 06/2024 | USD | 792,471,575 | 10,196,638 | — |
TOPIX Index | 390 | 06/2024 | JPY | 10,810,800,000 | 2,363,884 | — |
U.S. Treasury 10-Year Note | 905 | 09/2024 | USD | 98,461,172 | — | (219,807 ) |
U.S. Treasury Ultra 10-Year Note | 1,844 | 09/2024 | USD | 206,585,625 | — | (839,435 ) |
Total | 15,735,943 | (2,164,229 ) |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
FTSE 100 Index | (758) | 06/2024 | GBP | (62,807,880 ) | — | (2,780,756 ) |
Japanese 10-Year Government Bond | (24) | 06/2024 | JPY | (3,431,760,000 ) | 377,087 | — |
Russell 2000 Index E-mini | (644) | 06/2024 | USD | (66,840,760 ) | — | (2,905,393 ) |
S&P/TSX 60 Index | (179) | 06/2024 | CAD | (47,771,520 ) | — | (377,944 ) |
SPI 200 Index | (261) | 06/2024 | AUD | (50,366,475 ) | 324,872 | — |
U.S. Treasury 5-Year Note | (1,020) | 09/2024 | USD | (107,912,813 ) | 70,393 | — |
Total | 772,352 | (6,064,093 ) |
Cleared credit default swap contracts - sell protection | ||||||||||||
Reference entity | Counterparty | Maturity date | Receive fixed rate (%) | Payment frequency | Implied credit spread (%)* | Notional currency | Notional amount | Value ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Markit CDX Emerging Markets Index, Series 41 | Morgan Stanley | 06/20/2029 | 1.000 | Quarterly | 1.633 | USD | 218,777,000 | 1,391,709 | — | — | 1,391,709 | — |
Markit CDX North America High Yield Index, Series 42 | Morgan Stanley | 06/20/2029 | 5.000 | Quarterly | 3.348 | USD | 371,716,000 | 3,435,118 | — | — | 3,435,118 | — |
Markit CDX North America Investment Grade Index, Series 42 | Morgan Stanley | 06/20/2029 | 1.000 | Quarterly | 0.502 | USD | 207,168,000 | 646,643 | — | — | 646,643 | — |
Total | 5,473,470 | — | — | 5,473,470 | — |
Swap arrangement - contracts for differences | ||||||||||
Fund receives | Fund pays | Payment frequency | Counterparty | Maturity date | Notional currency | Notional amount | Value ($) | Cash & other receivable (payable) ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Appreciation on underlying contracts for differences (CFDs), accrued income on long CFDs, and SOFR, SONIA, ESTR, STIBOR or SARON less spreads of 40-975 bps on short CFDs | Depreciation on underlying CFDs, accrued income on underlying short CFDs, and SOFR, SONIA, or ESTR plus a spread of 0-45 bps on long CFDs | Monthly | Goldman Sachs International | 06/03/2027 | USD | 99,502,845 | (400,234 ) | (440,903 ) | — | (841,137 ) |
Description | Shares | Notional Amount ($) | Appreciation (Depreciation) ($) | (%) |
Long Equity Contracts for Differences | ||||
Real Estate | ||||
Diversified REITs | ||||
British Land Co. PLC (The) | 84,737 | 463,301 | 13,295 | (1.6 ) |
Broadstone Net Lease, Inc. | 120,600 | 1,891,008 | (39,798 ) | 4.7 |
Fonciere Des Regions | 5,617 | 306,552 | (14,207 ) | 1.7 |
Land Securities Group PLC | 181,299 | 1,573,888 | (51,957 ) | 6.2 |
LondonMetric Property PLC | 1,760,709 | 4,675,942 | (43,622 ) | 5.2 |
Picton Property Income Ltd. | 380,636 | 332,126 | (2,811 ) | 0.3 |
Health Care REITs | ||||
Assura PLC | 230,955 | 127,298 | (4,817 ) | 0.6 |
Primary Health Properties PLC | 2,490,184 | 3,065,010 | (89,213 ) | 10.6 |
Description | Shares | Notional Amount ($) | Appreciation (Depreciation) ($) | (%) |
Hotel & Resort REITs | ||||
Apple Hospitality REIT, Inc. | 142,700 | 2,092,810 | (32,222 ) | 3.8 |
Host Hotels & Resorts, Inc. | 74,308 | 1,373,212 | (40,126 ) | 4.8 |
Park Hotels & Resorts, Inc. | 19,000 | 306,470 | (5,130 ) | 0.6 |
Industrial REITs | ||||
Americold Realty Trust, Inc. | 39,000 | 993,330 | 46,800 | (5.6 ) |
ARGAN SA | 37,264 | 3,203,651 | (56,288 ) | 6.7 |
Tritax Big Box REIT PLC | 187,028 | 390,666 | (12,242 ) | 1.5 |
Office REITs | ||||
Boston Properties, Inc. | 16,700 | 1,080,156 | (66,967 ) | 8.0 |
Gecina SA | 30,485 | 3,393,833 | (103,362 ) | 12.3 |
Kilroy Realty Corp. | 58,700 | 2,074,458 | (106,247 ) | 12.6 |
Real Estate Management & Development | ||||
Grainger PLC | 555,786 | 1,917,262 | (146,736 ) | 17.4 |
TAG Immobilien AG | 249,919 | 3,992,583 | (87,743 ) | 10.4 |
Tritax EuroBox PLC | 1,286,692 | 1,011,745 | (129,658 ) | 15.4 |
Residential REITs | ||||
Unite Group PLC (The) | 103,524 | 1,275,524 | (40,709 ) | 4.8 |
Retail REITs | ||||
Agree Realty Corp. | 9,800 | 582,011 | 13,437 | (1.6 ) |
Carmila SA | 6,133 | 110,392 | 8,030 | (1.0 ) |
Kite Realty Group Trust | 24,000 | 507,360 | 18,720 | (2.2 ) |
Klepierre | 174,239 | 4,857,951 | 199,498 | (23.7 ) |
Mercialys SA | 3,176 | 38,633 | 1,504 | (0.2 ) |
NNN REIT, Inc. | 19,200 | 820,608 | (18,624 ) | 2.2 |
Retail Opportunity Investments Corp. | 137,200 | 1,732,836 | (15,092 ) | 1.8 |
Unibail-Rodamco-Westfield | 10,380 | 903,683 | 10,898 | (1.3 ) |
Specialized REITs | ||||
Gaming and Leisure Properties, Inc. | 88,495 | 3,937,958 | 35,467 | (4.2 ) |
Safestore Holdings PLC | 165,545 | 1,821,601 | 91,777 | (10.9 ) |
VICI Properties, Inc. | 5,400 | 164,754 | (9,720 ) | 1.2 |
Total | 51,018,612 | (677,865 ) |
Description | Shares | Notional Amount ($) | Appreciation (Depreciation) ($) | (%) |
Short Equity Contracts for Differences | ||||
Real Estate | ||||
Diversified REITs | ||||
ICADE | (55,351 ) | (1,697,774 ) | (9,166 ) | 1.1 |
WP Carey, Inc. | (5,300 ) | (303,976 ) | 5,056 | (0.6 ) |
Health Care REITs | ||||
Aedifica SA | (8,615 ) | (598,143 ) | 37,836 | (4.5 ) |
Hotel & Resort REITs | ||||
RLJ Lodging Trust | (190,200 ) | (1,965,976 ) | 67,780 | (8.1 ) |
Industrial REITs | ||||
Segro PLC | (52,454 ) | (590,318 ) | (25,666 ) | 3.1 |
STAG Industrial Inc | (25,900 ) | (924,713 ) | 16,659 | (2.0 ) |
Terreno Realty Corp | (18,500 ) | (1,047,260 ) | 530 | (0.1 ) |
Warehouses De Pauw CVA | (20,655 ) | (615,892 ) | 10,503 | (1.2 ) |
Office REITs | ||||
Derwent London PLC | (100,375 ) | (2,925,191 ) | (52,388 ) | 6.2 |
Douglas Emmett, Inc. | (96,600 ) | (1,424,850 ) | 77,280 | (9.2 ) |
Great Portland Estates PLC | (173,374 ) | (790,164 ) | 26,879 | (3.2 ) |
Great Portland Estates PLC - Rights | (104,024 ) | (156,426 ) | 14,595 | (1.7 ) |
Inmobiliaria Colonial Socimi SA | (293,766 ) | (1,964,500 ) | (28,455 ) | 3.4 |
JBG Smith Properties | (92,700 ) | (1,385,865 ) | 50,985 | (6.1 ) |
Paramount Group, Inc. | (254,900 ) | (1,238,814 ) | 79,019 | (9.4 ) |
Description | Shares | Notional Amount ($) | Appreciation (Depreciation) ($) | (%) |
Workspace Group PLC | (24,390 ) | (172,604 ) | 4,935 | (0.6 ) |
Real Estate Management & Development | ||||
Allreal Holding AG | (28,526 ) | (4,807,816 ) | (26,838 ) | 3.2 |
Atrium Ljungberg AB | (47,126 ) | (927,834 ) | 29,999 | (3.6 ) |
Citycon OYJ | (84,704 ) | (383,566 ) | (9,031 ) | 1.1 |
Corem Property Group AB | (915,802 ) | (782,616 ) | (57,513 ) | 6.8 |
Fabege AB | (271,815 ) | (2,395,474 ) | 71,160 | (8.5 ) |
Hufvudstaden AB | (176,460 ) | (2,160,627 ) | (33,909 ) | 4.0 |
Kojamo OYJ | (77,464 ) | (876,048 ) | 25,644 | (3.0 ) |
LEG Immobilien SE | (4,564 ) | (395,016 ) | (10,880 ) | 1.3 |
Mobimo Holding AG | (4,402 ) | (1,253,256 ) | 1,655 | (0.2 ) |
Peach Property Group AG | (27,619 ) | (315,750 ) | 51,299 | (6.1 ) |
Vonovia SE | (71,859 ) | (2,341,325 ) | 82,392 | (9.8 ) |
Wihlborgs Fastigheter AB | (64,311 ) | (610,177 ) | (1,632 ) | 0.2 |
Residential REITs | ||||
Camden Property Trust | (12,500 ) | (1,350,125 ) | 67,000 | (8.0 ) |
Mid-America Apartment Communities, Inc. | (4,700 ) | (647,237 ) | 18,800 | (2.2 ) |
Retail REITs | ||||
Phillips Edison & Co., Inc. | (34,100 ) | (1,118,821 ) | 29,667 | (3.5 ) |
Regency Centers Corp. | (5,700 ) | (345,135 ) | (4,845 ) | 0.6 |
Shaftesbury Capital PLC | (1,002,027 ) | (1,791,857 ) | (87,434 ) | 10.4 |
Urban Edge Properties | (83,200 ) | (1,450,176 ) | (24,960 ) | 3.0 |
Wereldhave NV | (34,956 ) | (524,203 ) | (9,790 ) | 1.2 |
Specialized REITs | ||||
American Tower Corp. | (4,700 ) | (902,494 ) | (17,484 ) | 2.1 |
Big Yellow Group PLC | (149,646 ) | (2,247,096 ) | (147,795 ) | 17.6 |
National Storage Affiliates Trust | (63,600 ) | (2,398,356 ) | 71,868 | (8.5 ) |
Shurgard Self Storage Ltd. | (15,232 ) | (656,762 ) | (16,124 ) | 1.9 |
Total | (48,484,233 ) | 277,631 |
Swap arrangement - contracts for differences | ||||||||||
Fund receives | Fund pays | Payment frequency | Counterparty | Maturity date | Notional currency | Notional amount | Value ($) | Cash & other receivable (payable) ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Appreciation on underlying contracts for difference (CFDs), accrued income on long CFDs, and 1-Day Overnight Fed Funds Effective Rate less a spread of 35-68 basis points on short CFDs | Depreciation on underlying CFDs, accrued income on underlying short CFDs, and 1-Day Overnight Fed Funds Effective Rate or SONIA plus a spread of 40 basis points on long CFDs | Monthly | Morgan Stanley | 05/04/2026 | USD | 13,722,139 | (187,332 ) | (13,939 ) | — | (201,271 ) |
Description | Shares | Notional Amount ($) | Appreciation (Depreciation) ($) | (%) |
Long Equity Contracts for Differences | ||||
Real Estate | ||||
Diversified REITs | ||||
Essential Properties Realty Trust, Inc. | 73,200 | 2,008,619 | (48,323 ) | 24.0 |
Industrial REITs | ||||
Rexford Industrial Realty, Inc. | 22,000 | 1,009,800 | (11,880 ) | 5.9 |
Office REITs | ||||
Brandywine Realty Trust | 23,800 | 117,810 | (8,092 ) | 4.0 |
Highwoods Properties, Inc. | 10,500 | 287,280 | (14,595 ) | 7.3 |
Vornado Realty Trust | 81,800 | 2,079,356 | (73,620 ) | 36.6 |
Real Estate Management & Development | ||||
Sirius Real Estate Ltd. | 114,570 | 143,874 | (334 ) | 0.2 |
Description | Shares | Notional Amount ($) | Appreciation (Depreciation) ($) | (%) |
Specialized REITs | ||||
Public Storage | 12,400 | 3,554,460 | (158,968 ) | 79.0 |
Total | 9,201,199 | (315,812 ) |
Description | Shares | Notional Amount ($) | Appreciation (Depreciation) ($) | (%) |
Short Equity Contracts for Differences | ||||
Real Estate | ||||
Hotel & Resort REITs | ||||
Pebblebrook Hotel Trust | (133,400 ) | (1,967,070 ) | 79,460 | (39.5 ) |
Office REITs | ||||
SL Green Realty Corp. | (30,000 ) | (1,620,300 ) | 31,200 | (15.5 ) |
Retail REITs | ||||
Tanger, Inc. | (33,000 ) | (933,570 ) | 17,820 | (8.9 ) |
Total | (4,520,940 ) | 128,480 |
Swap arrangement - contracts for differences | ||||||||||
Fund receives | Fund pays | Payment frequency | Counterparty | Maturity date | Notional currency | Notional amount | Value ($) | Cash & other receivable (payable) ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Appreciation on underlying contracts for differences (CFDs) and accrued income on long CFDs | Depreciation on underlying CFDs and OBFR or SONIA plus a spread of 38.5-46.5 basis points on long CFDs | Monthly | UBS | 04/02/2027 | USD | 3,645,941 | 6,114 | (9,202 ) | — | (3,088 ) |
Description | Shares | Notional Amount ($) | Appreciation (Depreciation) ($) | (%) |
Long Equity Contracts for Differences | ||||
Real Estate | ||||
Industrial REITs | ||||
Prologis, Inc. | 30,000 | 3,299,700 | 15,000 | (485.8 ) |
Retail REITs | ||||
Hammerson PLC | 663,394 | 239,785 | (3,769 ) | 122.1 |
Specialized REITs | ||||
Extra Space Storage, Inc. | 700 | 106,456 | (5,117 ) | 165.7 |
Total | 3,645,941 | 6,114 |
Reference index and values for swap contracts as of period end | ||
Reference index | Reference rate | |
1-Day Overnight Fed Funds Effective Rate | Overnight Federal Funds Effective Rate | 5.330% |
1-Month SEK STIBOR | Stockholm Interbank Offered Rate | 3.751% |
3-Month SEK STIBOR | Stockholm Interbank Offered Rate | 3.751% |
ESTR | Euro Short Term Rate | 3.910% |
OBFR | Overnight Bank Funding Rate | 5.320% |
SARON | Swiss Average Rate Overnight | 1.453% |
SOFR | Secured Overnight Financing Rate | 5.330% |
SONIA | Sterling Overnight Index Average | 5.200% |
(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 May 31, 2024 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 Commodity Strategy Fund, Institutional 3 Class | |||||||||
175,783,540 | 120,266,359 | (106,027,653 ) | 20,936,236 | 210,958,482 | — | (4,726,254 ) | 7,266,358 | 20,481,406 | |
Columbia Short-Term Cash Fund, 5.547% | |||||||||
1,612,883,985 | 3,388,490,976 | (3,910,657,015 ) | 229,260 | 1,090,947,206 | — | 138,102 | 63,154,500 | 1,091,165,440 | |
Columbia Solutions Aggressive Portfolio | |||||||||
1,120,628 | — | (1,556,231 ) | 435,603 | — | — | (388,270 ) | — | — | |
Columbia Solutions Conservative Portfolio | |||||||||
6,272,511 | 61,344 | (7,470,144 ) | 1,136,289 | — | — | (1,098,275 ) | 61,344 | — | |
Total | 1,796,060,664 | 22,737,388 | 1,301,905,688 | — | (6,074,697 ) | 70,482,202 |
(b) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(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 May 31, 2024, the total value of these securities amounted to $245,515,389, which represents 9.23% of total net assets. |
(d) | Non-income producing investment. |
(e) | Principal amounts are denominated in United States Dollars unless otherwise noted. |
(f) | Principal and interest may not be guaranteed by a governmental entity. |
(g) | Zero coupon bond. |
(h) | Represents a security purchased on a when-issued basis. |
(i) | The rate shown is the seven-day current annualized yield at May 31, 2024. |
TBA | To Be Announced |
AUD | Australian Dollar |
CAD | Canada Dollar |
CHF | Swiss Franc |
CNY | China Yuan Renminbi |
DKK | Danish Krone |
EUR | Euro |
GBP | British Pound |
HKD | Hong Kong Dollar |
JPY | Japanese Yen |
KRW | South Korean Won |
MXN | Mexican Peso |
NOK | Norwegian Krone |
NZD | New Zealand Dollar |
SEK | Swedish Krona |
SGD | Singapore Dollar |
USD | US Dollar |
ZAR | South African Rand |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Alternative Strategies Funds | 210,958,482 | — | — | 210,958,482 |
Common Stocks | ||||
Health Care | 160,113 | — | — | 160,113 |
Real Estate | 94,254,033 | 58,940,375 | — | 153,194,408 |
Total Common Stocks | 94,414,146 | 58,940,375 | — | 153,354,521 |
Foreign Government Obligations | — | 269,974,573 | — | 269,974,573 |
Inflation-Indexed Bonds | — | 357,938,724 | — | 357,938,724 |
Residential Mortgage-Backed Securities - Agency | — | 122,568,698 | — | 122,568,698 |
U.S. Treasury Obligations | — | 455,250,084 | — | 455,250,084 |
Money Market Funds | 1,090,947,206 | — | — | 1,090,947,206 |
Total Investments in Securities | 1,396,319,834 | 1,264,672,454 | — | 2,660,992,288 |
Investments in Derivatives | ||||
Asset | ||||
Forward Foreign Currency Exchange Contracts | — | 15,359,241 | — | 15,359,241 |
Futures Contracts | 16,508,295 | — | — | 16,508,295 |
Swap Contracts | — | 5,473,470 | — | 5,473,470 |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Liability | ||||
Forward Foreign Currency Exchange Contracts | — | (19,132,194 ) | — | (19,132,194 ) |
Futures Contracts | (8,228,322 ) | — | — | (8,228,322 ) |
Swap Contracts | — | (1,045,496 ) | — | (1,045,496 ) |
Total | 1,404,599,807 | 1,265,327,475 | — | 2,669,927,282 |
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,539,572,626) | $1,359,086,600 |
Affiliated issuers (cost $1,299,223,440) | 1,301,905,688 |
Foreign currency (cost $9,343,598) | 9,403,464 |
Cash collateral held at broker for: | |
Forward foreign currency exchange contracts | 420,000 |
TBA | 707,000 |
Margin deposits on: | |
Futures contracts | 69,107,251 |
Swap contracts | 55,119,950 |
Unrealized appreciation on forward foreign currency exchange contracts | 15,359,241 |
Receivable for: | |
Investments sold | 613,663 |
Capital shares sold | 575,228 |
Dividends | 5,475,842 |
Interest | 3,691,651 |
Foreign tax reclaims | 205,908 |
Variation margin for futures contracts | 10,970,036 |
Variation margin for swap contracts | 278,831 |
Prepaid expenses | 17,825 |
Deferred compensation of board members | 176,190 |
Total assets | 2,833,114,368 |
Liabilities | |
Unrealized depreciation on forward foreign currency exchange contracts | 19,132,194 |
Unrealized depreciation on swap contracts | 1,045,496 |
Payable for: | |
Investments purchased | 23,276,929 |
Investments purchased on a delayed delivery basis | 123,002,669 |
Capital shares redeemed | 3,543,903 |
Variation margin for futures contracts | 3,877,458 |
Variation margin for swap contracts | 8,865 |
Management services fees | 49,789 |
Distribution and/or service fees | 2,108 |
Transfer agent fees | 112,257 |
Compensation of board members | 3,949 |
Other expenses | 99,056 |
Deferred compensation of board members | 254,585 |
Total liabilities | 174,409,258 |
Net assets applicable to outstanding capital stock | $2,658,705,110 |
Represented by | |
Paid in capital | 3,286,520,453 |
Total distributable earnings (loss) | (627,815,343 ) |
Total - representing net assets applicable to outstanding capital stock | $2,658,705,110 |
Class A | |
Net assets | $128,468,327 |
Shares outstanding | 13,792,742 |
Net asset value per share | $9.31 |
Maximum sales charge | 5.75% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $9.88 |
Advisor Class | |
Net assets | $38,879,397 |
Shares outstanding | 4,164,675 |
Net asset value per share | $9.34 |
Class C | |
Net assets | $45,205,756 |
Shares outstanding | 5,157,751 |
Net asset value per share | $8.76 |
Institutional Class | |
Net assets | $2,382,959,846 |
Shares outstanding | 255,487,226 |
Net asset value per share | $9.33 |
Institutional 2 Class | |
Net assets | $42,264,849 |
Shares outstanding | 4,514,248 |
Net asset value per share | $9.36 |
Institutional 3 Class | |
Net assets | $20,926,935 |
Shares outstanding | 2,233,619 |
Net asset value per share | $9.37 |
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $5,597,536 |
Dividends — affiliated issuers | 70,482,202 |
Interest | 44,569,026 |
Interfund lending | 8,068 |
Foreign taxes withheld | (25,953 ) |
Total income | 120,630,879 |
Expenses: | |
Management services fees | 21,348,501 |
Distribution and/or service fees | |
Class A | 343,981 |
Class C | 540,444 |
Class R | 2,786 |
Transfer agent fees | |
Class A | 68,133 |
Advisor Class | 23,770 |
Class C | 26,798 |
Institutional Class | 1,377,202 |
Institutional 2 Class | 28,221 |
Institutional 3 Class | 1,394 |
Class R | 279 |
Custodian fees | 124,080 |
Printing and postage fees | 91,680 |
Registration fees | 136,357 |
Accounting services fees | 52,005 |
Legal fees | 47,170 |
Interest on collateral | 12,614 |
Compensation of chief compliance officer | 566 |
Compensation of board members | 47,842 |
Deferred compensation of board members | 22,564 |
Other | 57,554 |
Total expenses | 24,353,941 |
Expense reduction | (20 ) |
Total net expenses | 24,353,921 |
Net investment income | 96,276,958 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (131,296,663 ) |
Investments — affiliated issuers | (6,074,697 ) |
Foreign currency translations | (1,498,197 ) |
Forward foreign currency exchange contracts | 55,350,076 |
Futures contracts | 127,902,563 |
Swap contracts | 73,392,779 |
Net realized gain | 117,775,861 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 58,700,015 |
Investments — affiliated issuers | 22,737,388 |
Foreign currency translations | 45,364 |
Forward foreign currency exchange contracts | (14,147,645 ) |
Futures contracts | 25,714,983 |
Swap contracts | (8,790,531 ) |
Net change in unrealized appreciation (depreciation) | 84,259,574 |
Net realized and unrealized gain | 202,035,435 |
Net increase in net assets resulting from operations | $298,312,393 |
Year Ended May 31, 2024 | Year Ended May 31, 2023 | |
Operations | ||
Net investment income | $96,276,958 | $112,546,626 |
Net realized gain (loss) | 117,775,861 | (373,971,275 ) |
Net change in unrealized appreciation (depreciation) | 84,259,574 | 31,095,275 |
Net increase (decrease) in net assets resulting from operations | 298,312,393 | (230,329,374 ) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (418,432 ) | (11,873,896 ) |
Advisor Class | (236,325 ) | (5,273,571 ) |
Class C | — | (5,093,443 ) |
Institutional Class | (14,958,569 ) | (251,264,077 ) |
Institutional 2 Class | (265,405 ) | (4,075,406 ) |
Institutional 3 Class | (120,353 ) | (1,397,994 ) |
Class R | (491 ) | (58,023 ) |
Total distributions to shareholders | (15,999,575 ) | (279,036,410 ) |
Decrease in net assets from capital stock activity | (1,162,453,410 ) | (95,567,586 ) |
Total decrease in net assets | (880,140,592 ) | (604,933,370 ) |
Net assets at beginning of year | 3,538,845,702 | 4,143,779,072 |
Net assets at end of year | $2,658,705,110 | $3,538,845,702 |
Year Ended | Year Ended | |||
May 31, 2024 | May 31, 2023 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Shares sold | 1,785,856 | 15,829,384 | 2,634,914 | 23,700,063 |
Distributions reinvested | 43,072 | 387,652 | 1,304,532 | 11,010,253 |
Shares redeemed | (5,648,153 ) | (49,578,093 ) | (5,434,560 ) | (48,034,292 ) |
Net decrease | (3,819,225 ) | (33,361,057 ) | (1,495,114 ) | (13,323,976 ) |
Advisor Class | ||||
Shares sold | 365,151 | 3,186,393 | 1,143,174 | 10,469,562 |
Distributions reinvested | 26,227 | 236,301 | 624,051 | 5,273,235 |
Shares redeemed | (3,363,458 ) | (29,444,766 ) | (3,545,592 ) | (31,729,001 ) |
Net decrease | (2,972,080 ) | (26,022,072 ) | (1,778,367 ) | (15,986,204 ) |
Class C | ||||
Shares sold | 232,954 | 1,922,048 | 456,117 | 3,888,469 |
Distributions reinvested | — | — | 625,107 | 5,000,855 |
Shares redeemed | (3,069,621 ) | (25,361,947 ) | (3,328,572 ) | (28,096,249 ) |
Net decrease | (2,836,667 ) | (23,439,899 ) | (2,247,348 ) | (19,206,925 ) |
Institutional Class | ||||
Shares sold | 26,699,112 | 233,601,712 | 64,767,472 | 582,553,921 |
Distributions reinvested | 1,634,036 | 14,722,667 | 29,058,557 | 245,254,217 |
Shares redeemed | (149,034,314 ) | (1,310,160,576 ) | (98,381,681 ) | (875,993,796 ) |
Net decrease | (120,701,166 ) | (1,061,836,197 ) | (4,555,652 ) | (48,185,658 ) |
Institutional 2 Class | ||||
Shares sold | 1,390,039 | 12,251,450 | 2,999,867 | 26,797,099 |
Distributions reinvested | 29,359 | 265,405 | 481,158 | 4,075,406 |
Shares redeemed | (3,362,661 ) | (29,391,493 ) | (3,569,514 ) | (31,668,939 ) |
Net decrease | (1,943,263 ) | (16,874,638 ) | (88,489 ) | (796,434 ) |
Institutional 3 Class | ||||
Shares sold | 78,965 | 673,895 | 121,791 | 1,092,634 |
Distributions reinvested | 13,297 | 120,340 | 164,838 | 1,397,826 |
Shares redeemed | (89,844 ) | (812,026 ) | (65,570 ) | (602,579 ) |
Net increase (decrease) | 2,418 | (17,791 ) | 221,059 | 1,887,881 |
Class R | ||||
Shares sold | 1,678 | 14,481 | 8,821 | 76,894 |
Distributions reinvested | 55 | 489 | 6,945 | 57,852 |
Shares redeemed | (102,420 ) | (916,726 ) | (10,310 ) | (91,016 ) |
Net increase (decrease) | (100,687 ) | (901,756 ) | 5,456 | 43,730 |
Total net decrease | (132,370,670 ) | (1,162,453,410 ) | (9,938,455 ) | (95,567,586 ) |
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 5/31/2024 | $8.47 | 0.26 | 0.61 | 0.87 | (0.03 ) | — | (0.03 ) |
Year Ended 5/31/2023 | $9.69 | 0.24 | (0.80 ) | (0.56 ) | (0.66 ) | — | (0.66 ) |
Year Ended 5/31/2022 | $12.10 | 0.32 | (0.59 ) | (0.27 ) | (0.42 ) | (1.72 ) | (2.14 ) |
Year Ended 5/31/2021 | $10.25 | (0.01 ) | 1.97 | 1.96 | (0.04 ) | (0.07 ) | (0.11 ) |
Year Ended 5/31/2020 | $10.44 | 0.08 | 0.51 | 0.59 | (0.26 ) | (0.52 ) | (0.78 ) |
Advisor Class | |||||||
Year Ended 5/31/2024 | $8.49 | 0.28 | 0.62 | 0.90 | (0.05 ) | — | (0.05 ) |
Year Ended 5/31/2023 | $9.71 | 0.27 | (0.81 ) | (0.54 ) | (0.68 ) | — | (0.68 ) |
Year Ended 5/31/2022 | $12.12 | 0.38 | (0.62 ) | (0.24 ) | (0.44 ) | (1.73 ) | (2.17 ) |
Year Ended 5/31/2021 | $10.37 | 0.02 | 1.98 | 2.00 | (0.10 ) | (0.15 ) | (0.25 ) |
Year Ended 5/31/2020 | $10.55 | 0.10 | 0.53 | 0.63 | (0.29 ) | (0.52 ) | (0.81 ) |
Class C | |||||||
Year Ended 5/31/2024 | $8.01 | 0.18 | 0.57 | 0.75 | — | — | — |
Year Ended 5/31/2023 | $9.18 | 0.17 | (0.76 ) | (0.59 ) | (0.58 ) | — | (0.58 ) |
Year Ended 5/31/2022 | $11.57 | 0.23 | (0.57 ) | (0.34 ) | (0.37 ) | (1.68 ) | (2.05 ) |
Year Ended 5/31/2021 | $9.85 | (0.09 ) | 1.87 | 1.78 | — | (0.06 ) | (0.06 ) |
Year Ended 5/31/2020 | $10.05 | 0.00 (e) | 0.50 | 0.50 | (0.18 ) | (0.52 ) | (0.70 ) |
Institutional Class | |||||||
Year Ended 5/31/2024 | $8.48 | 0.28 | 0.62 | 0.90 | (0.05 ) | — | (0.05 ) |
Year Ended 5/31/2023 | $9.70 | 0.27 | (0.81 ) | (0.54 ) | (0.68 ) | — | (0.68 ) |
Year Ended 5/31/2022 | $12.11 | 0.35 | (0.59 ) | (0.24 ) | (0.44 ) | (1.73 ) | (2.17 ) |
Year Ended 5/31/2021 | $10.36 | 0.02 | 1.98 | 2.00 | (0.10 ) | (0.15 ) | (0.25 ) |
Year Ended 5/31/2020 | $10.55 | 0.11 | 0.51 | 0.62 | (0.29 ) | (0.52 ) | (0.81 ) |
Institutional 2 Class | |||||||
Year Ended 5/31/2024 | $8.51 | 0.28 | 0.62 | 0.90 | (0.05 ) | — | (0.05 ) |
Year Ended 5/31/2023 | $9.74 | 0.26 | (0.81 ) | (0.55 ) | (0.68 ) | — | (0.68 ) |
Year Ended 5/31/2022 | $12.15 | 0.32 | (0.56 ) | (0.24 ) | (0.44 ) | (1.73 ) | (2.17 ) |
Year Ended 5/31/2021 | $10.39 | 0.02 | 1.98 | 2.00 | (0.10 ) | (0.14 ) | (0.24 ) |
Year Ended 5/31/2020 | $10.57 | 0.10 | 0.53 | 0.63 | (0.29 ) | (0.52 ) | (0.81 ) |
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),(b) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Year Ended 5/31/2024 | $9.31 | 10.26% | 1.01% (c) | 1.01% (c),(d) | 2.90% | 190% | $128,468 |
Year Ended 5/31/2023 | $8.47 | (5.79% ) | 1.02% (c) | 1.02% (c),(d) | 2.71% | 199% | $149,173 |
Year Ended 5/31/2022 | $9.69 | (3.62% ) | 1.00% (c) | 1.00% (c) | 2.82% | 260% | $185,112 |
Year Ended 5/31/2021 | $12.10 | 19.17% | 1.00% (c) | 1.00% (c) | (0.06% ) | 227% | $175,015 |
Year Ended 5/31/2020 | $10.25 | 5.41% | 1.01% (c) | 1.01% (c),(d) | 0.74% | 314% | $141,074 |
Advisor Class | |||||||
Year Ended 5/31/2024 | $9.34 | 10.61% | 0.76% (c) | 0.76% (c),(d) | 3.14% | 190% | $38,879 |
Year Ended 5/31/2023 | $8.49 | (5.52% ) | 0.77% (c) | 0.77% (c),(d) | 2.96% | 199% | $60,582 |
Year Ended 5/31/2022 | $9.71 | (3.36% ) | 0.75% (c) | 0.75% (c) | 3.39% | 260% | $86,570 |
Year Ended 5/31/2021 | $12.12 | 19.38% | 0.75% (c) | 0.75% (c) | 0.20% | 227% | $61,716 |
Year Ended 5/31/2020 | $10.37 | 5.71% | 0.76% (c) | 0.76% (c),(d) | 0.98% | 314% | $41,312 |
Class C | |||||||
Year Ended 5/31/2024 | $8.76 | 9.36% | 1.76% (c) | 1.76% (c),(d) | 2.15% | 190% | $45,206 |
Year Ended 5/31/2023 | $8.01 | (6.37% ) | 1.77% (c) | 1.77% (c),(d) | 1.95% | 199% | $63,998 |
Year Ended 5/31/2022 | $9.18 | (4.39% ) | 1.75% (c) | 1.75% (c) | 2.11% | 260% | $94,069 |
Year Ended 5/31/2021 | $11.57 | 18.14% | 1.75% (c) | 1.75% (c) | (0.80% ) | 227% | $113,245 |
Year Ended 5/31/2020 | $9.85 | 4.73% | 1.76% (c) | 1.76% (c),(d) | 0.00% (e) | 314% | $95,090 |
Institutional Class | |||||||
Year Ended 5/31/2024 | $9.33 | 10.63% | 0.76% (c) | 0.76% (c),(d) | 3.15% | 190% | $2,382,960 |
Year Ended 5/31/2023 | $8.48 | (5.52% ) | 0.77% (c) | 0.77% (c),(d) | 2.97% | 199% | $3,190,280 |
Year Ended 5/31/2022 | $9.70 | (3.37% ) | 0.75% (c) | 0.75% (c) | 3.08% | 260% | $3,693,809 |
Year Ended 5/31/2021 | $12.11 | 19.40% | 0.75% (c) | 0.75% (c) | 0.19% | 227% | $3,831,565 |
Year Ended 5/31/2020 | $10.36 | 5.62% | 0.76% (c) | 0.76% (c),(d) | 1.00% | 314% | $2,845,593 |
Institutional 2 Class | |||||||
Year Ended 5/31/2024 | $9.36 | 10.58% | 0.77% (c) | 0.77% (c) | 3.14% | 190% | $42,265 |
Year Ended 5/31/2023 | $8.51 | (5.60% ) | 0.78% (c) | 0.78% (c) | 2.92% | 199% | $54,968 |
Year Ended 5/31/2022 | $9.74 | (3.36% ) | 0.76% (c) | 0.76% (c) | 2.78% | 260% | $63,729 |
Year Ended 5/31/2021 | $12.15 | 19.38% | 0.76% (c) | 0.76% (c) | 0.17% | 227% | $64,418 |
Year Ended 5/31/2020 | $10.39 | 5.69% | 0.77% (c) | 0.77% (c) | 0.95% | 314% | $38,829 |
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 5/31/2024 | $8.52 | 0.28 | 0.62 | 0.90 | (0.05 ) | — | (0.05 ) |
Year Ended 5/31/2023 | $9.74 | 0.27 | (0.81 ) | (0.54 ) | (0.68 ) | — | (0.68 ) |
Year Ended 5/31/2022 | $12.16 | 0.36 | (0.61 ) | (0.25 ) | (0.44 ) | (1.73 ) | (2.17 ) |
Year Ended 5/31/2021 | $10.41 | 0.03 | 1.99 | 2.02 | (0.11 ) | (0.16 ) | (0.27 ) |
Year Ended 5/31/2020 | $10.59 | 0.11 | 0.52 | 0.63 | (0.29 ) | (0.52 ) | (0.81 ) |
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. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Ratios include interest on collateral expense. For the periods indicated below, if interest on collateral expense had been excluded, expenses would have been lower by: |
Class | 5/31/2024 | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 |
Class A | less than 0.01% | less than 0.01% | 0.01% | less than 0.01% | less than 0.01% |
Advisor Class | less than 0.01% | less than 0.01% | 0.01% | less than 0.01% | less than 0.01% |
Class C | less than 0.01% | less than 0.01% | 0.01% | less than 0.01% | less than 0.01% |
Institutional Class | less than 0.01% | less than 0.01% | 0.01% | less than 0.01% | less than 0.01% |
Institutional 2 Class | less than 0.01% | less than 0.01% | 0.01% | less than 0.01% | less than 0.01% |
Institutional 3 Class | less than 0.01% | less than 0.01% | 0.01% | less than 0.01% | less than 0.01% |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Rounds to zero. |
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),(b) | Net investment income (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Year Ended 5/31/2024 | $9.37 | 10.61% | 0.72% (c) | 0.72% (c) | 3.20% | 190% | $20,927 |
Year Ended 5/31/2023 | $8.52 | (5.47% ) | 0.74% (c) | 0.74% (c) | 3.02% | 199% | $19,005 |
Year Ended 5/31/2022 | $9.74 | (3.40% ) | 0.72% (c) | 0.72% (c) | 3.13% | 260% | $19,579 |
Year Ended 5/31/2021 | $12.16 | 19.53% | 0.71% (c) | 0.71% (c) | 0.23% | 227% | $21,369 |
Year Ended 5/31/2020 | $10.41 | 5.73% | 0.72% (c) | 0.72% (c) | 1.04% | 314% | $14,168 |
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Credit risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | 5,473,470 * |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 15,970,557 * |
Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | 15,359,241 |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 537,738 * |
Total | 37,341,006 |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 6,064,093 * |
Equity risk | Component of total distributable earnings (loss) — unrealized depreciation on swap contracts | 1,045,496 * |
Foreign exchange risk | Unrealized depreciation on forward foreign currency exchange contracts | 19,132,194 |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 2,164,229 * |
Total | 28,406,012 |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | ||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Futures contracts ($) | Swap contracts ($) | Total ($) |
Credit risk | — | — | 73,378,907 | 73,378,907 |
Equity risk | — | 155,766,127 | 13,872 | 155,779,999 |
Foreign exchange risk | 55,350,076 | — | — | 55,350,076 |
Interest rate risk | — | (27,863,564 ) | — | (27,863,564 ) |
Total | 55,350,076 | 127,902,563 | 73,392,779 | 256,645,418 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Futures contracts ($) | Swap contracts ($) | Total ($) |
Credit risk | — | — | (7,745,035 ) | (7,745,035 ) |
Equity risk | — | 29,230,652 | (1,045,496 ) | 28,185,156 |
Foreign exchange risk | (14,147,645 ) | — | — | (14,147,645 ) |
Interest rate risk | — | (3,515,669 ) | — | (3,515,669 ) |
Total | (14,147,645 ) | 25,714,983 | (8,790,531 ) | 2,776,807 |
Derivative instrument | Average notional amounts ($) |
Futures contracts — long | 1,848,548,179 |
Futures contracts — short | 279,462,600 |
Credit default swap contracts — sell protection | 946,340,450 |
Derivative instrument | Average unrealized appreciation ($) | Average unrealized depreciation ($) |
Swap arrangements - contracts for differences | 194,175 | (225,915 ) |
Forward foreign currency exchange contracts | 12,741,201 | (7,595,856 ) |
Barclays ($) | Citi ($) | Goldman Sachs International ($) | HSBC ($) | JPMorgan ($) | Morgan Stanley ($)(a) | Morgan Stanley ($)(a) | State Street ($) | UBS ($) | Wells Fargo ($) | Total ($) | |
Assets | |||||||||||
Centrally cleared credit default swap contracts (b) | - | - | - | - | - | 278,831 | - | - | - | - | 278,831 |
Forward foreign currency exchange contracts | 1,705,499 | 408,805 | 197,343 | 6,724,224 | 93,704 | - | 2,780,402 | 2,017,520 | 488,591 | 943,153 | 15,359,241 |
Total assets | 1,705,499 | 408,805 | 197,343 | 6,724,224 | 93,704 | 278,831 | 2,780,402 | 2,017,520 | 488,591 | 943,153 | 15,638,072 |
Liabilities | |||||||||||
Centrally cleared credit default swap contracts (b) | - | - | - | - | - | 8,865 | - | - | - | - | 8,865 |
Forward foreign currency exchange contracts | 2,223,448 | 527,790 | 255,091 | 3,472,255 | 120,814 | - | 5,233,815 | 3,504,505 | 3,340,680 | 453,796 | 19,132,194 |
OTC Swap arrangements - contracts for differences (c) | - | - | 841,137 | - | - | - | 201,271 | - | 3,088 | - | 1,045,496 |
Total liabilities | 2,223,448 | 527,790 | 1,096,228 | 3,472,255 | 120,814 | 8,865 | 5,435,086 | 3,504,505 | 3,343,768 | 453,796 | 20,186,555 |
Total financial and derivative net assets | (517,949 ) | (118,985 ) | (898,885 ) | 3,251,969 | (27,110 ) | 269,966 | (2,654,684 ) | (1,486,985 ) | (2,855,177 ) | 489,357 | (4,548,483 ) |
Total collateral received (pledged) (d) | - | - | (898,885 ) | - | - | - | (2,654,684 ) | - | - | - | (3,553,569 ) |
Net amount (e) | (517,949 ) | (118,985 ) | - | 3,251,969 | (27,110 ) | 269,966 | - | (1,486,985 ) | (2,855,177 ) | 489,357 | (994,914 ) |
(a) | Exposure can only be netted across transactions governed under the same master agreement with the same legal entity. |
(b) | Centrally cleared swaps are included within payable/receivable for variation margin in the Statement of Assets and Liabilities. |
(c) | Over-the-Counter (OTC) swap contracts are presented at market value plus periodic payments receivable (payable), which is comprised of unrealized appreciation, unrealized depreciation, upfront payments and upfront receipts. |
(d) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(e) | Represents the net amount due from/(to) counterparties in the event of default. |
Effective rate (%) | |
Class A | 0.05 |
Advisor Class | 0.05 |
Class C | 0.05 |
Institutional Class | 0.05 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Class R | 0.04 (a) |
(a) | Unannualized. |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00 (a) | 146,481 |
Class C | — | 1.00 (b) | 3,517 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
October 1, 2023 through September 30, 2024 (%) | Prior to October 1, 2023 (%) | |
Class A | 1.22 | 1.25 |
Advisor Class | 0.97 | 1.00 |
Class C | 1.97 | 2.00 |
Institutional Class | 0.97 | 1.00 |
Institutional 2 Class | 0.98 | 1.01 |
Institutional 3 Class | 0.93 | 0.97 |
Undistributed net investment income ($) | Accumulated net realized (loss) ($) | Paid in capital ($) |
39,069,952 | (39,053,751 ) | (16,201 ) |
Year Ended May 31, 2024 | Year Ended May 31, 2023 | ||||
Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
15,999,575 | — | 15,999,575 | 279,036,410 | — | 279,036,410 |
Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized (depreciation) ($) |
27,224,673 | — | (467,268,150 ) | (187,576,084 ) |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
2,857,503,366 | 6,268,795 | (193,844,879 ) | (187,576,084 ) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) | Utilized ($) |
(296,856,129 ) | (170,412,021 ) | (467,268,150 ) | 95,276,251 |
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 5,511,111 | 5.86 | 9 |
Section 199A dividends | |
7.48% |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies is included in Item 7 of this Form N-CSR.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Not applicable.
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 15. 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 implemented since the registrant last provided disclosure as to such procedures in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K or Item 15 of Form N-CSR.
Item 16. 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 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable.
Item 19. 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 Funds Series Trust I |
By (Signature and Title) | /s/ Daniel J. Beckman |
Daniel J. Beckman, President and Principal Executive Officer | |
Date | July 23, 2024 |
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, President and Principal Executive Officer | |
Date | July 23, 2024 |
By (Signature and Title) | /s/ Michael G. Clarke |
Michael G. Clarke, Chief Financial Officer, | |
Principal Financial Officer and Senior Vice President | |
Date | July 23, 2024 |
By (Signature and Title) | /s/ Charles H. Chiesa |
Charles H. Chiesa, Treasurer, Chief Accounting | |
Officer and Principal Financial Officer | |
Date | July 23, 2024 |