First Quarter ReportJanuary 31, 2024 (Unaudited)
Columbia Massachusetts Intermediate Municipal Bond Fund
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Portfolio of InvestmentsColumbia Massachusetts Intermediate Municipal Bond Fund, January 31, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Floating Rate Notes 1.1% | ||||
Issue Description | Yield | Principal Amount ($) | Value ($) | |
Variable Rate Demand Notes 1.1% | ||||
City of New York(a),(b) | ||||
Unlimited General Obligation Bonds | ||||
Fiscal 2015 | ||||
Subordinated Series 2015 (JPMorgan Chase Bank) | ||||
06/01/2044 | 3.100% | 1,000,000 | 1,000,000 | |
Total Floating Rate Notes (Cost $1,000,000) | 1,000,000 | |||
Municipal Bonds 95.8% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Airport 5.2% | ||||
Massachusetts Port Authority(c) | ||||
Refunding Revenue Bonds | ||||
BosFuel Project | ||||
Series 2019A | ||||
07/01/2038 | 5.000% | 1,000,000 | 1,055,695 | |
Revenue Bonds | ||||
Series 2019C | ||||
07/01/2035 | 5.000% | 2,000,000 | 2,174,643 | |
Series 2021E | ||||
07/01/2038 | 5.000% | 1,000,000 | 1,086,982 | |
Massachusetts Port Authority | ||||
Revenue Bonds | ||||
Series 2015A | ||||
07/01/2026 | 5.000% | 600,000 | 618,330 | |
Total | 4,935,650 | |||
Charter Schools 2.2% | ||||
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
Foxborough Regional Charter | ||||
Series 2017 | ||||
07/01/2037 | 5.000% | 1,800,000 | 1,822,588 | |
International Charter School | ||||
Series 2015 | ||||
04/15/2025 | 5.000% | 215,000 | 215,411 | |
Total | 2,037,999 | |||
Higher Education 22.9% | ||||
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
Babson College | ||||
Series 2015A | ||||
10/01/2025 | 5.000% | 600,000 | 618,518 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Boston University | ||||
Series 2006BB2 | ||||
10/01/2037 | 4.000% | 2,120,000 | 2,147,392 | |
Brandeis University | ||||
Series 2018R | ||||
10/01/2035 | 5.000% | 1,005,000 | 1,097,372 | |
10/01/2036 | 5.000% | 1,140,000 | 1,239,281 | |
Series 2019 | ||||
10/01/2036 | 5.000% | 1,535,000 | 1,695,100 | |
Emerson College | ||||
Series 2017A | ||||
01/01/2033 | 5.000% | 1,500,000 | 1,564,865 | |
01/01/2034 | 5.000% | 1,000,000 | 1,041,628 | |
Simmons College | ||||
Series 2015K-1 | ||||
10/01/2026 | 5.000% | 3,005,000 | 3,068,117 | |
10/01/2028 | 5.000% | 1,100,000 | 1,125,795 | |
Simmons University | ||||
Series 2018L | ||||
10/01/2034 | 5.000% | 500,000 | 524,501 | |
10/01/2035 | 5.000% | 455,000 | 475,956 | |
Suffolk University | ||||
Series 2019 | ||||
07/01/2035 | 5.000% | 870,000 | 914,604 | |
Woods Hole Oceanographic Institution | ||||
Series 2018 | ||||
06/01/2036 | 5.000% | 650,000 | 699,646 | |
Worcester Polytechnic Institute | ||||
Series 2017 | ||||
09/01/2037 | 5.000% | 290,000 | 308,344 | |
Revenue Bonds | ||||
Babson College | ||||
Series 2017 | ||||
10/01/2032 | 5.000% | 885,000 | 943,124 | |
10/01/2033 | 5.000% | 900,000 | 957,804 | |
Bentley University | ||||
Series 2016 | ||||
07/01/2036 | 4.000% | 1,000,000 | 1,011,318 | |
Brandeis University | ||||
Series 2019S-2 | ||||
10/01/2033 | 5.000% | 1,150,000 | 1,287,265 | |
Worcester Polytechnic Institute | ||||
Series 2019 | ||||
09/01/2038 | 5.000% | 865,000 | 943,988 | |
Total | 21,664,618 |
2
Columbia Massachusetts Intermediate Municipal Bond Fund | First Quarter Report 2024
Portfolio of Investments (continued)Columbia Massachusetts Intermediate Municipal Bond Fund, January 31, 2024 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Hospital 12.6% | ||||
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
CareGroup | ||||
Series 2016I | ||||
07/01/2033 | 5.000% | 1,000,000 | 1,039,377 | |
Mass General Brigham | ||||
Series 2024D | ||||
07/01/2042 | 5.000% | 1,000,000 | 1,127,463 | |
Partners HealthCare System | ||||
Series 2016 | ||||
07/01/2031 | 5.000% | 3,000,000 | 3,141,142 | |
Series 2020 | ||||
07/01/2037 | 5.000% | 1,000,000 | 1,096,734 | |
UMass Memorial Healthcare | ||||
Series 2016I | ||||
07/01/2030 | 5.000% | 2,295,000 | 2,378,093 | |
Series 2017 | ||||
07/01/2031 | 5.000% | 1,000,000 | 1,046,129 | |
Revenue Bonds | ||||
CareGroup | ||||
Series 2018J1 | ||||
07/01/2036 | 5.000% | 985,000 | 1,052,743 | |
07/01/2037 | 5.000% | 1,035,000 | 1,100,752 | |
Total | 11,982,433 | |||
Human Service Provider 1.0% | ||||
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
Seven Hills Foundation | ||||
Series 2021 | ||||
09/01/2039 | 4.000% | 1,000,000 | 926,386 | |
Joint Power Authority 1.1% | ||||
Berkshire Wind Power Cooperative Corp. | ||||
Refunding Revenue Bonds | ||||
Berkshire Wind Project | ||||
Series 2017 | ||||
07/01/2029 | 5.000% | 1,000,000 | 1,074,473 | |
Multi-Family 1.1% | ||||
Massachusetts Development Finance Agency | ||||
Revenue Bonds | ||||
UMass Boston Student Housing Project | ||||
Series 2016 | ||||
10/01/2034 | 5.000% | 1,000,000 | 1,020,919 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Other Bond Issue 6.6% | ||||
Martha’s Vineyard Land Bank | ||||
Refunding Revenue Bonds | ||||
Green Bonds | ||||
Series 2017 (BAM) | ||||
05/01/2034 | 5.000% | 500,000 | 534,144 | |
05/01/2035 | 5.000% | 500,000 | 534,298 | |
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
Broad Institute | ||||
Series 2017 | ||||
04/01/2034 | 5.000% | 2,500,000 | 2,680,884 | |
04/01/2035 | 5.000% | 2,350,000 | 2,512,551 | |
Total | 6,261,877 | |||
Pool / Bond Bank 2.9% | ||||
Massachusetts Clean Water Trust (The) | ||||
Revenue Bonds | ||||
Green Bonds | ||||
Series 2019 | ||||
08/01/2038 | 5.000% | 2,000,000 | 2,212,346 | |
Sustainability Bonds | ||||
Series 2023-25B | ||||
02/01/2040 | 5.000% | 500,000 | 577,238 | |
Total | 2,789,584 | |||
Prep School 2.3% | ||||
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
Dexter Southfield | ||||
Series 2015 | ||||
05/01/2030 | 5.000% | 1,035,000 | 1,056,126 | |
Revenue Bonds | ||||
Trustees of Deerfield Academy | ||||
Series 2023 | ||||
10/01/2032 | 5.000% | 925,000 | 1,112,173 | |
Total | 2,168,299 | |||
Refunded / Escrowed 8.0% | ||||
Massachusetts Development Finance Agency | ||||
Prerefunded 07/01/25 Revenue Bonds | ||||
Partners HealthCare System | ||||
Series 2015 | ||||
07/01/2032 | 5.000% | 2,795,000 | 2,879,360 | |
Prerefunded 10/01/24 Revenue Bonds | ||||
Children’s Hospital | ||||
Series 2014P | ||||
10/01/2031 | 5.000% | 1,200,000 | 1,215,294 |
Columbia Massachusetts Intermediate Municipal Bond Fund | First Quarter Report 2024
3
Portfolio of Investments (continued)Columbia Massachusetts Intermediate Municipal Bond Fund, January 31, 2024 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Massachusetts State College Building Authority(d) | ||||
Revenue Bonds | ||||
Capital Appreciation | ||||
Series 1999A Escrowed to Maturity (NPFGC) | ||||
05/01/2028 | 0.000% | 4,000,000 | 3,526,579 | |
Total | 7,621,233 | |||
Retirement Communities 8.3% | ||||
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
1st Mortgage-Berkshire Retirement Community | ||||
Series 2015 | ||||
07/01/2031 | 5.000% | 1,250,000 | 1,267,107 | |
Orchard Cove, Inc. | ||||
Series 2019 | ||||
10/01/2039 | 4.000% | 985,000 | 919,488 | |
10/01/2039 | 5.000% | 250,000 | 254,664 | |
Salem Community Corp. | ||||
Series 2022 | ||||
01/01/2040 | 5.125% | 1,000,000 | 917,759 | |
Massachusetts Development Finance Agency(e) | ||||
Refunding Revenue Bonds | ||||
Loomis Obligated Group | ||||
Series 2022 | ||||
01/01/2031 | 4.000% | 1,500,000 | 1,499,060 | |
Newbridge Charles, Inc. | ||||
Series 2017 | ||||
10/01/2032 | 4.000% | 1,500,000 | 1,446,605 | |
Revenue Bonds | ||||
Linden Ponds, Inc. Facility | ||||
Series 2018 | ||||
11/15/2033 | 5.000% | 1,500,000 | 1,576,772 | |
Total | 7,881,455 | |||
Sales Tax 6.5% | ||||
Massachusetts Bay Transportation Authority(d) | ||||
Refunding Revenue Bonds | ||||
Series 2016A | ||||
07/01/2029 | 0.000% | 3,000,000 | 2,458,485 | |
07/01/2032 | 0.000% | 5,105,000 | 3,704,308 | |
Total | 6,162,793 | |||
State General Obligation 12.5% | ||||
Commonwealth of Massachusetts | ||||
Limited General Obligation Bonds | ||||
Consolidated Loan of 2023 | ||||
Series 2023 | ||||
05/01/2040 | 5.000% | 1,000,000 | 1,147,720 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2016I | ||||
12/01/2030 | 5.000% | 3,000,000 | 3,184,429 | |
Series 2019G | ||||
09/01/2036 | 4.000% | 2,000,000 | 2,086,553 | |
Limited General Obligation Refunding Bonds | ||||
Series 2023C | ||||
08/01/2040 | 5.000% | 1,000,000 | 1,151,200 | |
Series 2024A | ||||
03/01/2039 | 5.000% | 1,000,000 | 1,170,128 | |
Unlimited General Obligation Refunding Bonds | ||||
Series 2004C (AMBAC) | ||||
12/01/2024 | 5.500% | 3,000,000 | 3,064,153 | |
Total | 11,804,183 | |||
Student Loan 0.3% | ||||
Massachusetts Educational Financing Authority(c) | ||||
Revenue Bonds | ||||
Series 2020B | ||||
07/01/2028 | 5.000% | 250,000 | 263,135 | |
Turnpike / Bridge / Toll Road 2.3% | ||||
Massachusetts Transportation Trust Fund Metropolitan Highway System | ||||
Refunding Revenue Bonds | ||||
Series 2019A | ||||
01/01/2035 | 5.000% | 2,000,000 | 2,201,501 | |
Total Municipal Bonds (Cost $91,773,943) | 90,796,538 |
Money Market Funds 2.6% | ||
Shares | Value ($) | |
BlackRock Liquidity Funds MuniCash, Institutional Shares, 4.086%(f) | 2,428,177 | 2,428,420 |
Total Money Market Funds (Cost $2,428,177) | 2,428,420 | |
Total Investments in Securities (Cost: $95,202,120) | 94,224,958 | |
Other Assets & Liabilities, Net | 515,365 | |
Net Assets | 94,740,323 |
4
Columbia Massachusetts Intermediate Municipal Bond Fund | First Quarter Report 2024
Portfolio of Investments (continued)Columbia Massachusetts Intermediate Municipal Bond Fund, January 31, 2024 (Unaudited)
Notes to Portfolio of Investments
(a) | The Fund is entitled to receive principal and interest from the guarantor after a day or a week’s notice or upon maturity. The maturity date disclosed represents the final maturity. |
(b) | Represents a variable rate security where the coupon rate adjusts on specified dates (generally daily or weekly) using the prevailing money market rate. The interest rate shown was the current rate as of January 31, 2024. |
(c) | Income from this security may be subject to alternative minimum tax. |
(d) | Zero coupon bond. |
(e) | 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 January 31, 2024, the total value of these securities amounted to $4,522,437, which represents 4.77% of total net assets. |
(f) | The rate shown is the seven-day current annualized yield at January 31, 2024. |
Abbreviation Legend
AMBAC | Ambac Assurance Corporation |
BAM | Build America Mutual Assurance Co. |
NPFGC | National Public Finance Guarantee Corporation |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Columbia Massachusetts Intermediate Municipal Bond Fund | First Quarter Report 2024
5