Columbia Balanced Fund (CBALX) NPORT-P Columbia Emerging Markets Fund (Nov 2023 report)

   

                                 COLUMBIA EMERGING MARKETS FUND

Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value

PORTFOLIO OF INVESTMENTS

Columbia Emerging Markets Fund, November 30, 2023 (Unaudited)

(Percentages represent value of investments compared to net assets)

Investments in securities

Common Stocks 98.6%
Issuer	Shares		Value ($)
Brazil 9.6%
B3 SA - Brasil Bolsa Balcao		1,329,060		3,612,889
Banco BTG Pactual SA		1,586,170		11,472,385
Banco do Brasil SA		544,656		6,003,106
Itaú Unibanco Holding SA, ADR		2,253,068		14,419,635
Localiza Rent a Car SA		971,541		11,815,492
Localiza Rent a Car SA(a)		8,414		102,328
MercadoLibre, Inc.(a)		10,421		16,886,814
NU Holdings Ltd., Class A(a)		427,484		3,479,720
Petroleo Brasileiro SA, ADR		875,352		13,366,625
PRIO SA(a)		1,137,549		10,661,236
Sendas Distribuidora S/A		2,110,327		5,530,870
TOTVS SA		899,805		6,056,529
WEG SA		1,355,077		9,415,514
Total				112,823,143
Canada 0.8%
Parex Resources, Inc.		446,163		9,150,460
China 23.9%
Baidu, Inc. Class A(a)		1,599,500		23,735,167
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A		1,247,447		3,768,243
BYD Co., Ltd., Class H		446,500		12,000,406
China Animal Healthcare Ltd.(a),(b),(c)		6,354,000		1
China Resources Land Ltd.		1,802,000		6,597,466
Eastroc Beverage Group Co., Ltd., Class A		549,478		15,174,012
Full Truck Alliance Co., Ltd., ADR(a)		774,758		5,802,937
Kingdee International Software Group Co., Ltd.(a)		2,310,000		3,206,756
Kuaishou Technology(a)		1,400,000		10,322,691
Kweichow Moutai Co., Ltd., Class A		34,873		8,760,062
Medlive Technology Co., Ltd.(d)		2,685,573		3,356,900
Meituan, Class B(a)		1,102,340		12,761,243
Midea Group Co., Ltd., Class A		794,600		5,763,399
NetEase, Inc.		744,605		16,797,077
New Horizon Health Ltd.(a)		1,356,000		4,200,743
PDD Holdings, Inc., ADR(a)		201,918		29,770,790
Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A		185,647		7,561,931
Shenzhou International Group Holdings Ltd.		595,200		5,959,095

Common Stocks (continued)
Issuer	Shares		Value ($)
Songcheng Performance Development Co., Ltd., Class A		2,602,472		3,834,883
Sungrow Power Supply Co., Ltd., Class A		594,824		6,932,176
Tencent Holdings Ltd.		1,573,200		65,538,195
Trip.com Group Ltd., ADR(a)		316,887		11,148,085
Wuliangye Yibin Co., Ltd., Class A		294,302		6,137,646
WuXi Biologics Cayman, Inc.(a)		1,261,000		7,001,178
Zhejiang Sanhua Intelligent Controls Co., Ltd., Class A		1,538,451		6,240,980
Total				282,372,062
Greece 4.4%
Eurobank Ergasias Services and Holdings SA(a)		3,565,829		6,573,159
JUMBO SA		358,838		9,389,908
Mytilineos SA		113,020		4,519,838
National Bank of Greece SA(a)		2,097,859		14,378,619
OPAP SA		512,629		8,197,635
Piraeus Financial Holdings SA(a)		2,516,859		8,981,981
Total				52,041,140
Hong Kong 3.1%
AIA Group Ltd.		1,600,200		13,757,131
Samsonite International SA(a)		1,767,900		5,156,194
Sands China Ltd.(a)		4,750,400		11,650,336
Techtronic Industries Co., Ltd.		619,764		6,296,747
Total				36,860,408
India 16.4%
APL Apollo Tubes Ltd.		491,298		9,957,027
Astral Ltd.		331,748		7,765,586
AU Small Finance Bank Ltd.		760,950		6,779,818
Bajaj Finance Ltd.		104,891		8,966,712
Balkrishna Industries Ltd.		121,237		3,750,420
Cholamandalam Investment and Finance Co., Ltd.		805,636		10,814,071
CreditAccess Grameen Ltd.(a)		145,986		2,971,493
Eicher Motors Ltd.		90,028		4,212,285
HDFC Bank Ltd., ADR		308,917		18,547,377
ICICI Bank Ltd., ADR		1,417,521		31,426,441
IndusInd Bank Ltd.		1,329,759		23,414,166
Larsen & Toubro Ltd.		538,371		20,097,719

2 Columbia Emerging Markets Fund  |  First Quarter Report 2023

PORTFOLIO OF INVESTMENTS (continued)

Columbia Emerging Markets Fund, November 30, 2023 (Unaudited)

Common Stocks (continued)
Issuer	Shares		Value ($)
Max Healthcare Institute Ltd.		1,635,425		12,460,367
Persistent Systems Ltd.		59,778		4,593,718
Polycab India Ltd.		137,480		8,694,336
Reliance Industries Ltd.		284,443		8,118,587
Varun Beverages Ltd.		329,752		4,377,809
WNS Holdings Ltd., ADR(a)		121,559		7,230,329
Total				194,178,261
Indonesia 6.3%
Bank Negara Indonesia Persero Tbk PT		19,687,400		6,698,399
PT Astra International Tbk		15,350,300		5,348,628
PT Bank Central Asia Tbk		45,417,400		26,286,858
PT Bank Rakyat Indonesia Persero Tbk		89,005,829		30,290,855
PT Sumber Alfaria Trijaya Tbk		28,837,300		5,336,109
Total				73,960,849
Kazakhstan 0.5%
Kaspi.KZ JSC, GDR, Registered Shares(d)		62,413		6,366,126
Mexico 4.7%
Arca Continental SAB de CV		733,074		7,474,877
Banco del Bajio SA		988,177		3,165,626
Corporación Inmobiliaria Vesta SAB de CV		861,780		3,248,452
Grupo Aeroportuario del Centro Norte SAB de CV		596,758		5,337,958
Grupo Aeroportuario del Pacifico SAB de CV		311,735		4,759,888
Grupo Financiero Banorte SAB de CV, Class O		2,276,879		21,187,160
Wal-Mart de Mexico SAB de CV, Class V		2,723,127		10,720,985
Total				55,894,946
Philippines 1.2%
BDO Unibank, Inc.		5,706,240		13,737,377
Poland 1.3%
Dino Polska SA(a)		137,135		15,273,464
Russian Federation 0.4%
Detsky Mir PJSC(a),(b),(c),(e)		5,893,953		0
Fix Price Group PLC, GDR(a),(b),(c),(d),(e)		2,678,663		4,821,593
Total				4,821,593
Saudi Arabia 0.4%
Nahdi Medical Co.		138,495		5,011,035

Common Stocks (continued)
Issuer	Shares		Value ($)
South Africa 2.9%
Absa Group Ltd.		884,607		8,158,606
Capitec Bank Holdings Ltd.		94,802		9,876,698
Clicks Group Ltd.		458,070		7,171,661
Shoprite Holdings Ltd.		689,351		9,403,441
Total				34,610,406
South Korea 9.8%
Coupang, Inc.(a)		552,760		8,446,173
Samsung Biologics Co., Ltd.(a)		13,037		7,292,919
Samsung Electro-Mechanics Co., Ltd.		85,101		9,589,800
Samsung Electronics Co., Ltd.		1,126,029		63,494,228
SK Hynix, Inc.		260,576		27,037,750
Total				115,860,870
Taiwan 11.2%
ASPEED Technology, Inc.		114,000		10,716,434
Chailease Holding Co., Ltd.		657,594		3,907,266
Chroma ATE, Inc.		492,000		3,373,100
Delta Electronics, Inc.		418,000		4,227,782
eMemory Technology, Inc.		73,000		5,853,649
MediaTek, Inc.		362,000		10,932,223
Parade Technologies Ltd.		70,000		2,405,571
Taiwan Semiconductor Manufacturing Co., Ltd.		4,783,048		87,492,083
Unimicron Technology Corp.		489,000		2,770,583
Total				131,678,691
Thailand 0.6%
PTT Exploration & Production PCL		1,602,000		6,876,903
United States 1.1%
Freeport-McMoRan, Inc.		64,075		2,391,279
Globant SA(a)		37,977		8,385,322
Livent Corp.(a)		137,150		1,887,184
Total				12,663,785
Total Common Stocks (Cost $855,707,947)				1,164,181,519

Columbia Emerging Markets Fund  |  First Quarter Report 2023 3

PORTFOLIO OF INVESTMENTS (continued)

Columbia Emerging Markets Fund, November 30, 2023 (Unaudited)

Preferred Stocks 1.4%
Issuer	Shares		Value ($)
South Korea 1.4%
Samsung Electronics Co., Ltd.		361,629		16,223,196
Total Preferred Stocks (Cost $7,719,611)				16,223,196
Money Market Funds 0.1%
	Shares		Value ($)
Columbia Short-Term Cash Fund, 5.605%(f),(g)		1,710,994		1,710,651
Total Money Market Funds (Cost $1,710,644)				1,710,651
Total Investments in Securities (Cost $865,138,202)				1,182,115,366
Other Assets & Liabilities, Net				(1,754,445	)
Net Assets			$	1,180,360,921

Notes to Portfolio of Investments

(a) Non-income producing investment.

(b) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At November 30, 2023, the total value of these securities amounted to $4,821,594, which represents 0.41% of total net assets.

(c) Valuation based on significant unobservable inputs.

(d) 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 November 30, 2023, the total value of these securities amounted to $14,544,619, which represents 1.23% 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 approved by the Fund’s Board of Trustees. At November 30, 2023, the total market value of these securities amounted to $4,821,593, which represents 0.41% of total net assets. Additional information on these securities is as follows:

Security	Acquisition Dates	Shares		Cost ($)		Value ($)
Detsky Mir PJSC	02/08/2017-12/13/2021		5,893,953		8,677,339		—
Fix Price Group PLC, GDR	03/05/2021-03/08/2021		2,678,663		26,134,618		4,821,593
					34,811,957		4,821,593

(f) The rate shown is the seven-day current annualized yield at November 30, 2023.

(g) 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 period ended November 30, 2023 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, 5.605%		20,362,415		84,765,523		(103,416,311	)		(976	)		1,710,651		751		128,286		1,710,994

Abbreviation Legend

ADR American Depositary Receipt

GDR Global Depositary Receipt

4 Columbia Emerging Markets Fund  |  First Quarter Report 2023

PORTFOLIO OF INVESTMENTS (continued)

Columbia Emerging Markets Fund, November 30, 2023 (Unaudited)

Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.

Columbia Emerging Markets Fund  |  First Quarter Report 2023 5

You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.

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