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First Quarter ReportJanuary 31, 2024 (Unaudited)
Columbia Strategic California Municipal Income Fund
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Portfolio of InvestmentsColumbia Strategic California Municipal Income Fund, January 31, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Floating Rate Notes 3.5% | ||||
Issue Description | Yield | Principal Amount ($) | Value ($) | |
Variable Rate Demand Notes 3.5% | ||||
City of New York(a),(b) | ||||
Unlimited General Obligation Bonds | ||||
Fiscal 2015 | ||||
Subordinated Series 2015 (JPMorgan Chase Bank) | ||||
06/01/2044 | 3.100% | 900,000 | 900,000 | |
Subordinated Series 2014I-2 (JPMorgan Chase Bank) | ||||
03/01/2040 | 3.100% | 3,900,000 | 3,900,000 | |
New York City Transitional Finance Authority(a),(b) | ||||
Revenue Bonds | ||||
Future Tax Secured | ||||
Subordinated Series 2016 (JPMorgan Chase Bank) | ||||
02/01/2045 | 3.100% | 5,960,000 | 5,960,000 | |
New York City Water & Sewer System(a),(b) | ||||
Revenue Bonds | ||||
2nd General Resolution | ||||
Series 2013 (JPMorgan Chase Bank) | ||||
06/15/2050 | 3.100% | 2,260,000 | 2,260,000 | |
Total | 13,020,000 | |||
Total Floating Rate Notes (Cost $13,020,000) | 13,020,000 | |||
Municipal Bonds 95.9% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Airport 2.5% | ||||
San Diego County Regional Airport Authority(c) | ||||
Revenue Bonds | ||||
Private Activity | ||||
Series 2023 | ||||
07/01/2048 | 5.000% | 2,500,000 | 2,645,682 | |
San Francisco City & County Airport Commission - San Francisco International Airport(c) | ||||
Unrefunded Revenue Bonds | ||||
Series 2014A | ||||
05/01/2044 | 5.000% | 3,000,000 | 3,000,091 | |
San Francisco City & County Airport Commission-San Francisco International Airport(c) | ||||
Refunding Revenue Bonds | ||||
Second Series 2023C | ||||
05/01/2048 | 5.750% | 3,000,000 | 3,379,482 | |
Total | 9,025,255 | |||
Charter Schools 8.8% | ||||
California Infrastructure & Economic Development Bank | ||||
Revenue Bonds | ||||
Equitable School Revolving Fund | ||||
Series 2022 | ||||
11/01/2057 | 5.000% | 3,000,000 | 3,108,064 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
California Infrastructure & Economic Development Bank(d) | ||||
Revenue Bonds | ||||
WFCS Portfolio Project | ||||
Series 2021 | ||||
01/01/2056 | 5.000% | 1,300,000 | 1,020,183 | |
Wonderful Foundations Charter School Portfolio Projects | ||||
Series 2020 | ||||
01/01/2055 | 5.000% | 2,200,000 | 1,767,377 | |
California Infrastructure & Economic Development Bank(d),(e) | ||||
Revenue Bonds | ||||
WFCS Portfolio Project | ||||
Subordinated Series 2021 | ||||
01/01/2061 | 0.000% | 19,400,000 | 977,719 | |
California Public Finance Authority | ||||
Revenue Bonds | ||||
Laverne Elementary Prep Academy Project | ||||
Series 2019 | ||||
06/15/2039 | 5.000% | 870,000 | 826,071 | |
06/15/2049 | 5.000% | 1,400,000 | 1,265,821 | |
California School Finance Authority(d) | ||||
Refunding Revenue Bonds | ||||
Classical Academies Oceanside Project | ||||
Series 2022 | ||||
10/01/2061 | 5.000% | 3,500,000 | 3,347,697 | |
Ivy Academia Project | ||||
Series 2021A | ||||
06/01/2061 | 4.000% | 1,000,000 | 675,055 | |
Revenue Bonds | ||||
Alliance College-Ready Public Schools | ||||
Series 2015 | ||||
07/01/2035 | 5.000% | 3,010,000 | 3,042,261 | |
07/01/2045 | 5.000% | 1,705,000 | 1,707,382 | |
Aspire Public Schools | ||||
Series 2022 | ||||
08/01/2061 | 5.000% | 4,000,000 | 4,002,162 | |
Girls Athletic Leadership School | ||||
Series 2021 | ||||
06/01/2051 | 4.000% | 1,000,000 | 724,393 | |
06/01/2061 | 4.000% | 2,890,000 | 1,978,553 | |
Green Dot Public School Project | ||||
Series 2015A | ||||
08/01/2035 | 5.000% | 1,510,000 | 1,535,133 | |
Series 2018 | ||||
08/01/2048 | 5.000% | 1,750,000 | 1,756,827 | |
Hawking Steam Charter School Project | ||||
Series 2022 | ||||
07/01/2062 | 5.500% | 1,775,000 | 1,795,588 |
2
Columbia Strategic California Municipal Income Fund | First Quarter Report 2024
Portfolio of Investments (continued)Columbia Strategic California Municipal Income Fund, January 31, 2024 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
KIPP Los Angeles Projects | ||||
Series 2014A | ||||
07/01/2044 | 5.125% | 1,000,000 | 1,001,947 | |
Series 2015A | ||||
07/01/2045 | 5.000% | 1,000,000 | 1,004,378 | |
Santa Clarita Valley International School Project | ||||
Series 2021 | ||||
06/01/2061 | 4.000% | 1,175,000 | 866,060 | |
Total | 32,402,671 | |||
Disposal 0.2% | ||||
California Municipal Finance Authority(c),(f) | ||||
Revenue Bonds | ||||
Republic Services, Inc. Project | ||||
Series 2023 (Mandatory Put 09/01/33) | ||||
09/01/2053 | 4.375% | 750,000 | 782,379 | |
Higher Education 4.6% | ||||
California Public Finance Authority(d) | ||||
Revenue Bonds | ||||
California University of Science and Medicine | ||||
Series 2019 | ||||
07/01/2054 | 6.250% | 3,000,000 | 3,116,733 | |
California Statewide Communities Development Authority(d) | ||||
Revenue Bonds | ||||
California Baptist University | ||||
Series 2014A | ||||
11/01/2043 | 6.375% | 3,000,000 | 3,004,014 | |
Lancer Plaza Project | ||||
Series 2013 | ||||
11/01/2033 | 5.625% | 1,400,000 | 1,401,387 | |
11/01/2043 | 5.875% | 1,875,000 | 1,875,852 | |
University of California(g) | ||||
Refunding Revenue Bonds | ||||
Series 2024BS | ||||
05/15/2036 | 5.000% | 6,000,000 | 7,378,038 | |
Total | 16,776,024 | |||
Hospital 15.5% | ||||
California Health Facilities Financing Authority | ||||
Refunding Revenue Bonds | ||||
El Camino Hospital | ||||
Series 2015A | ||||
02/01/2040 | 5.000% | 2,000,000 | 2,015,930 | |
PIH Health | ||||
Series 2020A | ||||
06/01/2050 | 4.000% | 4,500,000 | 4,356,916 | |
Revenue Bonds | ||||
City of Hope Obligated Group | ||||
Series 2019 | ||||
11/15/2045 | 4.000% | 8,000,000 | 7,830,618 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
El Camino Hospital | ||||
Series 2017 | ||||
02/01/2047 | 5.000% | 4,000,000 | 4,113,359 | |
Kaiser Permanente | ||||
Subordinated Series 2017A-2 | ||||
11/01/2044 | 4.000% | 7,000,000 | 6,949,464 | |
Subordinated Series 2020A-2 | ||||
11/01/2051 | 4.000% | 1,000,000 | 954,730 | |
California Health Facilities Financing Authority(g) | ||||
Refunding Revenue Bonds | ||||
Scripps Health | ||||
Series 2024A | ||||
11/15/2043 | 5.000% | 2,000,000 | 2,283,092 | |
11/15/2044 | 5.000% | 2,000,000 | 2,266,696 | |
California Municipal Finance Authority | ||||
Refunding Revenue Bonds | ||||
Community Medical Centers | ||||
Series 2017A | ||||
02/01/2047 | 5.000% | 2,000,000 | 2,034,620 | |
Revenue Bonds | ||||
Clincas Del Camino Real, Inc. | ||||
Series 2020 | ||||
03/01/2050 | 4.000% | 5,000,000 | 3,806,711 | |
California Public Finance Authority | ||||
Refunding Revenue Bonds | ||||
Henry Mayo Newhall Memorial Hospital | ||||
Series 2017 | ||||
10/15/2047 | 5.000% | 4,000,000 | 4,015,004 | |
California Statewide Communities Development Authority | ||||
Refunding Revenue Bonds | ||||
Adventist Health System | ||||
Series 2018 | ||||
03/01/2042 | 4.000% | 5,000,000 | 4,877,349 | |
Revenue Bonds | ||||
Loma Linda University Medical Center | ||||
Series 2014 | ||||
12/01/2054 | 5.500% | 2,660,000 | 2,653,349 | |
California Statewide Communities Development Authority(d) | ||||
Revenue Bonds | ||||
Loma Linda University Medical Center | ||||
Series 2018 | ||||
12/01/2058 | 5.500% | 3,000,000 | 3,060,296 | |
City of Upland | ||||
Refunding Certificate of Participation | ||||
San Antonio Regional Hospital | ||||
Series 2017 | ||||
01/01/2042 | 4.000% | 3,000,000 | 2,808,239 | |
Regents of the University of California Medical Center | ||||
Revenue Bonds | ||||
Series 2022P | ||||
05/15/2053 | 4.000% | 2,500,000 | 2,481,508 |
Columbia Strategic California Municipal Income Fund | First Quarter Report 2024
3
Portfolio of Investments (continued)Columbia Strategic California Municipal Income Fund, January 31, 2024 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Washington Township Health Care District | ||||
Refunding Revenue Bonds | ||||
Series 2019A | ||||
07/01/2048 | 4.000% | 500,000 | 436,814 | |
Total | 56,944,695 | |||
Human Service Provider 1.5% | ||||
California Municipal Finance Authority | ||||
Refunding Revenue Bonds | ||||
Harbor Regional Center Project | ||||
Series 2015 | ||||
11/01/2039 | 5.000% | 2,000,000 | 2,033,920 | |
Inland Regional Center Project | ||||
Series 2015 | ||||
06/15/2045 | 5.000% | 3,500,000 | 3,538,577 | |
Total | 5,572,497 | |||
Local Appropriation 0.5% | ||||
Sacramento City Schools Joint Powers Financing Authority | ||||
Refunding Revenue Bonds | ||||
Series 2006A (BAM) | ||||
03/01/2040 | 5.000% | 2,000,000 | 2,001,947 | |
Local General Obligation 14.3% | ||||
Alameda Unified School District-Alameda County | ||||
Unlimited General Obligation Bonds | ||||
Election of 2014 | ||||
Series 2019C | ||||
08/01/2042 | 3.000% | 1,000,000 | 859,266 | |
Carlsbad Unified School District | ||||
Unlimited General Obligation Bonds | ||||
Election of 2018 | ||||
Series 2019A | ||||
08/01/2048 | 3.125% | 2,750,000 | 2,264,181 | |
Series 2021B | ||||
08/01/2046 | 3.000% | 3,175,000 | 2,590,405 | |
08/01/2050 | 2.375% | 3,000,000 | 1,998,528 | |
Cerritos Community College District | ||||
Unlimited General Obligation Bonds | ||||
Series 2019C | ||||
08/01/2044 | 3.000% | 5,000,000 | 4,211,278 | |
Chaffey Joint Union High School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2019D | ||||
08/01/2034 | 0.000% | 500,000 | 339,116 | |
08/01/2035 | 0.000% | 660,000 | 428,811 | |
08/01/2036 | 0.000% | 1,000,000 | 619,022 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Coast Community College District(e) | ||||
Unlimited General Obligation Bonds | ||||
Election of 2012 | ||||
Series 2019F | ||||
08/01/2041 | 0.000% | 2,125,000 | 1,035,346 | |
08/01/2043 | 0.000% | 7,250,000 | 3,184,127 | |
Compton Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Compton Unified School District | ||||
Series 2019B (BAM) | ||||
06/01/2036 | 0.000% | 2,750,000 | 1,705,171 | |
Conejo Valley Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2015A (AGM) | ||||
08/01/2030 | 0.000% | 1,000,000 | 748,020 | |
Desert Community College District(g) | ||||
Unlimited General Obligation Bonds | ||||
Election of 2016 | ||||
Series 2024 | ||||
08/01/2051 | 4.000% | 2,750,000 | 2,743,112 | |
East Side Union High School District | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2003B (NPFGC) | ||||
08/01/2026 | 5.250% | 360,000 | 383,212 | |
El Monte Union High School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2021E | ||||
06/01/2046 | 0.000% | 2,765,000 | 1,019,974 | |
Fremont Union High School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2021A | ||||
08/01/2037 | 3.000% | 2,045,000 | 1,926,560 | |
Glendale Community College District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2020B | ||||
08/01/2044 | 0.000% | 1,550,000 | 624,335 | |
02/01/2045 | 0.000% | 1,250,000 | 489,883 | |
Long Beach Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2015D-1 | ||||
08/01/2032 | 0.000% | 1,500,000 | 1,069,366 | |
Manteca Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation - Election of 2004 | ||||
Series 2006 (NPFGC) | ||||
08/01/2032 | 0.000% | 5,440,000 | 4,143,539 | |
Monterey Peninsula Community College District(e) | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2016 | ||||
08/01/2032 | 0.000% | 3,500,000 | 2,630,463 | |
08/01/2033 | 0.000% | 2,000,000 | 1,445,649 |
4
Columbia Strategic California Municipal Income Fund | First Quarter Report 2024
Portfolio of Investments (continued)Columbia Strategic California Municipal Income Fund, January 31, 2024 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Mount San Antonio Community College District(e) | ||||
Unlimited General Obligation Bonds | ||||
Election of 2008 | ||||
Series 2021E | ||||
08/01/2046 | 0.000% | 8,230,000 | 3,214,210 | |
Pomona Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2016G (AGM) | ||||
08/01/2033 | 0.000% | 1,000,000 | 722,988 | |
08/01/2034 | 0.000% | 1,610,000 | 1,119,440 | |
Poway Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Improvement District No. 2007-1-A | ||||
Series 2009 | ||||
08/01/2030 | 0.000% | 2,295,000 | 1,885,987 | |
San Diego Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation Bonds | ||||
Series 2016I | ||||
07/01/2034 | 0.000% | 5,000,000 | 3,326,103 | |
San Diego Unified School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2019B | ||||
07/01/2048 | 3.250% | 5,000,000 | 4,263,235 | |
Sierra Kings Health Care District | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2015 | ||||
08/01/2037 | 5.000% | 1,500,000 | 1,519,694 | |
Total | 52,511,021 | |||
Multi-Family 13.5% | ||||
California Community Housing Agency(d) | ||||
Revenue Bonds | ||||
Junior Bonds | ||||
Series 2021A-2 | ||||
02/01/2043 | 4.000% | 3,000,000 | 2,665,236 | |
The Arbors | ||||
Series 2020A | ||||
08/01/2050 | 5.000% | 3,500,000 | 3,233,914 | |
California Housing Finance Agency | ||||
Revenue Bonds | ||||
Series 2021-1A | ||||
11/20/2035 | 3.500% | 2,446,545 | 2,305,199 | |
California Municipal Finance Authority | ||||
Refunding Revenue Bonds | ||||
Caritas Projects | ||||
Series 2017A | ||||
08/15/2042 | 4.000% | 1,000,000 | 970,743 | |
Revenue Bonds | ||||
Bowles Hall Foundation | ||||
Series 2015A | ||||
06/01/2050 | 5.000% | 1,250,000 | 1,257,376 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Caritas Affordable Housing | ||||
Series 2014 | ||||
08/15/2049 | 5.250% | 3,500,000 | 3,515,435 | |
Subordinated Series 2014 | ||||
08/15/2049 | 5.875% | 1,000,000 | 1,002,242 | |
CMFA Special Finance Agency(d) | ||||
Revenue Bonds | ||||
Junior Bonds - Latitude33 | ||||
Series 2021A | ||||
12/01/2045 | 4.000% | 3,000,000 | 2,409,073 | |
Junior Bonds - Solana at Grand | ||||
Series 2021A-2 | ||||
08/01/2045 | 4.000% | 3,000,000 | 2,456,364 | |
CMFA Special Finance Agency VIII(d) | ||||
Revenue Bonds | ||||
Elan Huntington Beach | ||||
Series 2021 | ||||
08/01/2047 | 4.000% | 1,900,000 | 1,590,508 | |
CSCDA Community Improvement Authority(d) | ||||
Revenue Bonds | ||||
Jefferson-Anaheim Social Bonds | ||||
Series 2021 | ||||
08/01/2056 | 3.125% | 2,500,000 | 1,747,701 | |
Parallel-Anaheim Social Bonds | ||||
Series 2021 | ||||
08/01/2056 | 4.000% | 1,760,000 | 1,330,013 | |
Pasadena Portfolio Social Bonds | ||||
Series 2021 | ||||
12/01/2056 | 3.000% | 2,000,000 | 1,370,264 | |
12/01/2056 | 4.000% | 1,000,000 | 723,380 | |
Social Bonds | ||||
Series 2021A-2 | ||||
10/01/2056 | 4.000% | 3,000,000 | 2,161,456 | |
Social Bonds - Mezzanine Lien - 777 Place-Pomona | ||||
Series 2021 | ||||
05/01/2057 | 4.000% | 2,000,000 | 1,396,117 | |
Social Bonds - Mezzanine Lien - Park Crossing Apartments | ||||
Series 2021 | ||||
12/01/2048 | 4.000% | 2,000,000 | 1,462,130 | |
Social Bonds - Mezzanine Lien - Westgate Phase 1-Pasadena | ||||
Series 2021 | ||||
06/01/2057 | 4.000% | 2,000,000 | 1,325,791 | |
Social Bonds - Millennium South Bay-Hawthorne | ||||
Series 2021 | ||||
07/01/2058 | 4.000% | 2,000,000 | 1,337,717 | |
Social Bonds - Monterey Station-Pomona | ||||
Series 2021 | ||||
07/01/2058 | 4.000% | 2,000,000 | 1,352,002 |
Columbia Strategic California Municipal Income Fund | First Quarter Report 2024
5
Portfolio of Investments (continued)Columbia Strategic California Municipal Income Fund, January 31, 2024 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Social Bonds - Senior Lien - Park Crossing Apartments | ||||
Series 2021 | ||||
12/01/2058 | 3.250% | 1,500,000 | 1,003,003 | |
The Link - Glendale Social Bonds | ||||
Subordinated Series 2021 | ||||
07/01/2056 | 4.000% | 3,500,000 | 2,520,376 | |
Union South Bay Social Bonds | ||||
Series 2021 | ||||
07/01/2056 | 4.000% | 2,000,000 | 1,460,458 | |
Federal Home Loan Mortgage Corp. Multifamily ML Certificates | ||||
Revenue Bonds | ||||
Series 2019-ML05 | ||||
11/25/2033 | 3.350% | 3,735,930 | 3,514,732 | |
Freddie Mac Multifamily Certificates | ||||
Revenue Bonds | ||||
Series 2021-ML10 Class A (FHLMC) | ||||
06/25/2038 | 2.046% | 2,422,992 | 1,873,152 | |
Hastings Campus Housing Finance Authority | ||||
Revenue Bonds | ||||
Green Bonds | ||||
Series 2020A | ||||
07/01/2061 | 5.000% | 4,000,000 | 3,416,576 | |
Total | 49,400,958 | |||
Municipal Power 1.4% | ||||
Guam Power Authority(h) | ||||
Refunding Revenue Bonds | ||||
Series 2022A | ||||
10/01/2043 | 5.000% | 3,000,000 | 3,140,756 | |
Puerto Rico Electric Power Authority(h),(i) | ||||
Revenue Bonds | ||||
Series 2010XX | ||||
07/01/2040 | 0.000% | 1,965,000 | 604,237 | |
Series 2012A | ||||
07/01/2042 | 0.000% | 4,250,000 | 1,306,875 | |
Total | 5,051,868 | |||
Other Bond Issue 0.6% | ||||
City of Long Beach Marina System | ||||
Revenue Bonds | ||||
Series 2015 | ||||
05/15/2040 | 5.000% | 2,000,000 | 2,011,582 | |
Prepaid Gas 3.9% | ||||
California Community Choice Financing Authority(f) | ||||
Revenue Bonds | ||||
Clean Energy Project | ||||
Series 2023 (Mandatory Put 04/01/30) | ||||
10/31/2054 | 5.250% | 1,000,000 | 1,072,876 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Green Bonds - Clean Energy Project | ||||
Series 2023 (Mandatory Put 11/01/30) | ||||
10/01/2054 | 5.500% | 3,000,000 | 3,303,191 | |
California Community Choice Financing Authority | ||||
Revenue Bonds | ||||
Green Bonds - Clean Energy Project | ||||
Series 2023 (Mandatory Put 03/01/31) | ||||
02/01/2054 | 5.000% | 7,000,000 | 7,515,250 | |
Series 2023 (Mandatory Put 08/01/29) | ||||
12/01/2053 | 5.000% | 1,000,000 | 1,056,254 | |
M-S-R Energy Authority | ||||
Revenue Bonds | ||||
Series 2009B | ||||
11/01/2034 | 7.000% | 1,000,000 | 1,276,604 | |
Total | 14,224,175 | |||
Refunded / Escrowed 1.1% | ||||
California School Finance Authority(d) | ||||
Prerefunded 07/01/25 Revenue Bonds | ||||
River Springs Charter School Project | ||||
Series 2015 | ||||
07/01/2046 | 6.375% | 1,000,000 | 1,045,271 | |
07/01/2046 | 6.375% | 155,000 | 161,492 | |
Prerefunded 08/01/25 Revenue Bonds | ||||
Aspire Public Schools | ||||
Series 2016 | ||||
08/01/2041 | 5.000% | 150,000 | 154,737 | |
Glendale Unified School District(e) | ||||
Prerefunded 09/01/25 Unlimited General Obligation Bonds | ||||
Series 2015B | ||||
09/01/2031 | 0.000% | 1,900,000 | 1,391,262 | |
Prerefunded 09/01/25 Unlimited General Obligation Refunding Bonds | ||||
Series 2015B | ||||
09/01/2032 | 0.000% | 1,000,000 | 697,091 | |
Riverside Community College District(e) | ||||
Prerefunded 02/01/25 Unlimited General Obligation Bonds | ||||
Election of 2004 | ||||
Series 2015E | ||||
08/01/2030 | 0.000% | 600,000 | 454,406 | |
Total | 3,904,259 | |||
Resource Recovery 0.0% | ||||
California Municipal Finance Authority(c),(d),(i) | ||||
Revenue Bonds | ||||
UTS Renewable Energy-Waste Water Facilities | ||||
Series 2011 | ||||
12/01/2032 | 0.000% | 2,745,000 | 54,900 |
6
Columbia Strategic California Municipal Income Fund | First Quarter Report 2024
Portfolio of Investments (continued)Columbia Strategic California Municipal Income Fund, January 31, 2024 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Retirement Communities 4.1% | ||||
California Health Facilities Financing Authority | ||||
Revenue Bonds | ||||
Episcopal Communities & Services | ||||
Series 2024 | ||||
11/15/2058 | 5.250% | 1,000,000 | 1,057,440 | |
California Municipal Finance Authority | ||||
Refunding Revenue Bonds | ||||
HumanGood Obligation Group | ||||
Series 2019A | ||||
10/01/2044 | 4.000% | 2,500,000 | 2,436,243 | |
Revenue Bonds | ||||
HumanGood California Obligated Group | ||||
Series 2021 | ||||
10/01/2046 | 4.000% | 2,000,000 | 1,919,931 | |
10/01/2049 | 4.000% | 2,500,000 | 2,348,826 | |
California Public Finance Authority(d) | ||||
Revenue Bonds | ||||
Enso Village Project - Green Bonds | ||||
Series 2021 | ||||
11/15/2056 | 5.000% | 1,000,000 | 780,832 | |
California Statewide Communities Development Authority | ||||
Refunding Revenue Bonds | ||||
American Baptist Homes West | ||||
Series 2015 | ||||
10/01/2045 | 5.000% | 3,155,000 | 3,175,130 | |
Front Porch Communities & Services | ||||
Series 2017 | ||||
04/01/2047 | 4.000% | 1,750,000 | 1,666,637 | |
Series 2021 | ||||
04/01/2046 | 3.000% | 1,000,000 | 807,056 | |
04/01/2051 | 3.000% | 1,250,000 | 950,352 | |
Total | 15,142,447 | |||
Sales Tax 4.1% | ||||
Commonwealth of Puerto Rico(e),(h) | ||||
Revenue Notes | ||||
Series 2022 | ||||
11/01/2051 | 0.000% | 1,881,176 | 1,060,513 | |
Subordinated Series 2022 | ||||
11/01/2043 | 0.000% | 820,743 | 454,486 | |
Puerto Rico Sales Tax Financing Corp.(e),(h) | ||||
Revenue Bonds | ||||
Series 2018A-1 | ||||
07/01/2046 | 0.000% | 27,900,000 | 8,668,293 | |
Puerto Rico Sales Tax Financing Corp.(h) | ||||
Revenue Bonds | ||||
Series 2019A1 | ||||
07/01/2058 | 5.000% | 5,000,000 | 5,003,694 | |
Total | 15,186,986 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Special Property Tax 7.8% | ||||
Bakersfield Redevelopment Agency | ||||
Tax Allocation Bonds | ||||
Old Town Kern Pioneer | ||||
Series 2009A | ||||
08/01/2029 | 7.500% | 915,000 | 917,874 | |
Southeast Bakersfield | ||||
Series 2009B | ||||
08/01/2029 | 7.250% | 430,000 | 431,326 | |
Chula Vista Municipal Financing Authority | ||||
Refunding Special Tax Bonds | ||||
Series 2015A | ||||
09/01/2035 | 5.000% | 2,460,000 | 2,542,196 | |
09/01/2036 | 5.000% | 2,435,000 | 2,511,937 | |
City & County of San Francisco Infrastructure & Revitalization Financing District No. 1(d) | ||||
Tax Allocation Bonds | ||||
Facilities Increment - Treasure Island | ||||
Series 2022 | ||||
09/01/2052 | 5.000% | 1,000,000 | 974,004 | |
City of Dublin | ||||
Special Tax Bonds | ||||
Improvement Area No. 3 | ||||
Series 2021 | ||||
09/01/2045 | 4.000% | 850,000 | 780,287 | |
09/01/2051 | 4.000% | 865,000 | 761,552 | |
City of Irvine | ||||
Special Tax Bonds | ||||
Community Facilities District 2013-3 | ||||
Series 2014 | ||||
09/01/2039 | 5.000% | 750,000 | 755,188 | |
09/01/2044 | 5.000% | 2,525,000 | 2,538,322 | |
Elk Grove Unified School District | ||||
Refunding Special Tax Bonds | ||||
Community Facilities District No. 1 | ||||
Series 1995 (AMBAC) | ||||
12/01/2024 | 6.500% | 465,000 | 476,676 | |
Inland Valley Development Agency | ||||
Refunding Tax Allocation Bonds | ||||
Series 2014A | ||||
09/01/2044 | 5.000% | 5,000,000 | 5,000,477 | |
Irvine Facilities Financing Authority | ||||
Special Tax Bonds | ||||
Irvine Great Park Infrastructure Project | ||||
Series 2023 (BAM) | ||||
09/01/2058 | 4.000% | 1,000,000 | 1,001,843 | |
Irvine Unified School District | ||||
Special Tax Bonds | ||||
Community Facilities District Number 09-1 | ||||
Series 2019A | ||||
09/01/2040 | 4.000% | 685,000 | 673,891 |
Columbia Strategic California Municipal Income Fund | First Quarter Report 2024
7
Portfolio of Investments (continued)Columbia Strategic California Municipal Income Fund, January 31, 2024 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Jurupa Public Financing Authority | ||||
Refunding Special Tax Bonds | ||||
Series 2014A | ||||
09/01/2042 | 5.000% | 1,000,000 | 1,006,951 | |
Orange County Community Facilities District | ||||
Special Tax Bonds | ||||
Rienda Phase 2B | ||||
Series 2023 | ||||
08/15/2053 | 5.500% | 1,855,000 | 1,939,293 | |
Pittsburg Successor Agency Redevelopment Agency(e) | ||||
Tax Allocation Bonds | ||||
Los Medanos Community Development Project | ||||
Series 1999 (AMBAC) | ||||
08/01/2024 | 0.000% | 2,100,000 | 2,063,929 | |
River Islands Public Financing Authority | ||||
Special Tax Refunding Bonds | ||||
Improvement Area No. 1 | ||||
Series 2022A-1 (AGM) | ||||
09/01/2052 | 5.250% | 1,000,000 | 1,092,957 | |
San Francisco City & County Redevelopment Agency | ||||
Tax Allocation Bonds | ||||
Mission Bay South Redevelopment Project | ||||
Series 2014A | ||||
08/01/2043 | 5.000% | 1,000,000 | 1,003,578 | |
Santa Monica Redevelopment Agency | ||||
Tax Allocation Bonds | ||||
Earthquake Recovery Redevelopment | ||||
Series 2011 | ||||
07/01/2036 | 5.875% | 1,250,000 | 1,253,362 | |
Tracy Community Facilities District | ||||
Special Tax Bonds | ||||
Series 2023 | ||||
09/01/2053 | 5.875% | 1,000,000 | 1,069,930 | |
Total | 28,795,573 | |||
State Appropriated 0.8% | ||||
California State Public Works Board | ||||
Revenue Bonds | ||||
Series 2014B | ||||
10/01/2039 | 5.000% | 1,000,000 | 1,008,465 | |
Various Correctional Facilities | ||||
Series 2014A | ||||
09/01/2039 | 5.000% | 1,895,000 | 1,909,016 | |
Total | 2,917,481 | |||
State General Obligation 2.0% | ||||
State of California | ||||
Unlimited General Obligation Bonds | ||||
Series 2019 | ||||
04/01/2045 | 3.250% | 3,650,000 | 3,281,406 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Unlimited General Obligation Refunding Bonds | ||||
Series 2023 | ||||
10/01/2050 | 4.000% | 4,000,000 | 4,047,934 | |
Unrefunded Unlimited General Obligation Bonds | ||||
Series 2004 | ||||
04/01/2029 | 5.300% | 2,000 | 2,003 | |
Total | 7,331,343 | |||
Tobacco 3.4% | ||||
California County Tobacco Securitization Agency(e) | ||||
Refunding Revenue Bonds | ||||
Capital Allocation | ||||
Subordinated Series 2020B-2 | ||||
06/01/2055 | 0.000% | 17,780,000 | 3,400,480 | |
Sonoma County Securitization Corp. | ||||
Series 2020 | ||||
06/01/2055 | 0.000% | 10,000,000 | 2,158,429 | |
Golden State Tobacco Securitization Corp.(e) | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2021B-2 | ||||
06/01/2066 | 0.000% | 40,000,000 | 4,628,924 | |
Tobacco Securitization Authority of Northern California(e) | ||||
Refunding Revenue Bonds | ||||
Sacramento County Tobacco Securitization Corp. Senior Bonds | ||||
Series 2021 | ||||
06/01/2060 | 0.000% | 5,000,000 | 852,196 | |
Tobacco Securitization Authority of Southern California(e) | ||||
Refunding Revenue Bonds | ||||
San Diego County Tobacco Asset Securitization Corp. | ||||
Series 2019 | ||||
06/01/2054 | 0.000% | 7,000,000 | 1,350,025 | |
Total | 12,390,054 | |||
Turnpike / Bridge / Toll Road 3.4% | ||||
Foothill-Eastern Transportation Corridor Agency(e) | ||||
Refunding Revenue Bonds | ||||
Series 2015 | ||||
01/15/2033 | 0.000% | 5,000,000 | 3,591,618 | |
Foothill-Eastern Transportation Corridor Agency | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2019B-2 | ||||
01/15/2053 | 3.500% | 5,000,000 | 4,204,008 | |
Riverside County Transportation Commission(e) | ||||
Revenue Bonds | ||||
Capital Appreciation - Senior Lien | ||||
Series 2013B | ||||
06/01/2032 | 0.000% | 2,055,000 | 1,508,204 | |
06/01/2033 | 0.000% | 2,940,000 | 2,077,827 |
8
Columbia Strategic California Municipal Income Fund | First Quarter Report 2024
Portfolio of Investments (continued)Columbia Strategic California Municipal Income Fund, January 31, 2024 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Unrefunded Revenue Bonds | ||||
Senior Lien | ||||
Series 2013 | ||||
06/01/2029 | 0.000% | 1,265,000 | 1,037,964 | |
Total | 12,419,621 | |||
Water & Sewer 1.9% | ||||
Metropolitan Water District of Southern California | ||||
Revenue Bonds | ||||
Series 2023A | ||||
04/01/2053 | 5.000% | 5,000,000 | 5,651,384 | |
Puerto Rico Commonwealth Aqueduct & Sewer Authority(d),(h) | ||||
Refunding Revenue Bonds | ||||
Senior Lien | ||||
Series 2020A | ||||
07/01/2047 | 5.000% | 1,425,000 | 1,429,590 | |
Total | 7,080,974 | |||
Total Municipal Bonds (Cost $391,720,638) | 351,928,710 | |||
Municipal Short Term 1.1% | ||||
Issue Description | Yield | Principal Amount ($) | Value ($) | |
Disposal 0.5% | ||||
California Municipal Finance Authority(c) | ||||
Refunding Revenue Bonds | ||||
Republic Services, Inc. Project | ||||
Series 2021 (Mandatory Put 04/01/24) | ||||
07/01/2041 | 4.700% | 2,000,000 | 1,999,973 |
Municipal Short Term (continued) | ||||
Issue Description | Yield | Principal Amount ($) | Value ($) | |
Other Bond Issue 0.6% | ||||
California Infrastructure & Economic Development Bank(c),(d) | ||||
Revenue Bonds | ||||
Series 2023 (Mandatory Put 08/15/24) | ||||
01/01/2050 | 7.890% | 2,000,000 | 2,024,092 | |
Total Municipal Short Term (Cost $4,000,000) | 4,024,065 |
Money Market Funds 2.6% | ||
Shares | Value ($) | |
BlackRock Liquidity Funds MuniCash, Institutional Shares, 4.086%(j) | 9,402,521 | 9,403,461 |
Total Money Market Funds (Cost $9,402,521) | 9,403,461 | |
Total Investments in Securities (Cost: $418,143,159) | 378,376,236 | |
Other Assets & Liabilities, Net | (11,202,933 ) | |
Net Assets | 367,173,303 |
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) | 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 $77,831,418, which represents 21.20% of total net assets. |
(e) | Zero coupon bond. |
(f) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of January 31, 2024. |
(g) | Represents a security purchased on a when-issued basis. |
(h) | Municipal obligations include debt obligations issued by or on behalf of territories, possessions, or sovereign nations within the territorial boundaries of the United States. At January 31, 2024, the total value of these securities amounted to $21,668,444, which represents 5.90% of total net assets. |
(i) | Represents a security in default. |
(j) | The rate shown is the seven-day current annualized yield at January 31, 2024. |
Columbia Strategic California Municipal Income Fund | First Quarter Report 2024
9
Portfolio of Investments (continued)Columbia Strategic California Municipal Income Fund, January 31, 2024 (Unaudited)
Abbreviation Legend
AGM | Assured Guaranty Municipal Corporation |
AMBAC | Ambac Assurance Corporation |
BAM | Build America Mutual Assurance Co. |
FHLMC | Federal Home Loan Mortgage Corporation |
NPFGC | National Public Finance Guarantee Corporation |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
10
Columbia Strategic California Municipal Income Fund | First Quarter Report 2024