Columbia Emerging Markets Fund
Third Quarter Report
May 31, 2024 (Unaudited)
Not FDIC or NCUA Insured | No Financial Institution Guarantee | May Lose Value |
Portfolio of InvestmentsColumbia Emerging Markets Fund, May 31, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 99.1% | ||
Issuer | Shares | Value ($) |
Brazil 8.1% | ||
Banco BTG Pactual SA | 1,170,887 | 7,064,256 |
Banco do Brasil SA | 1,089,312 | 5,651,004 |
Equatorial Energia SA | 491,116 | 2,746,972 |
Equatorial Energia SA(a) | 7,491 | 41,900 |
Itaú Unibanco Holding SA, ADR | 1,456,666 | 8,725,429 |
MercadoLibre, Inc.(a) | 13,047 | 22,513,642 |
NU Holdings Ltd., Class A(a) | 716,042 | 8,506,579 |
Petroleo Brasileiro SA, ADR | 457,185 | 7,109,227 |
PRIO SA | 1,082,143 | 8,560,860 |
Raia Drogasil SA | 695,394 | 3,347,914 |
TOTVS SA | 899,805 | 4,923,232 |
WEG SA | 1,716,090 | 12,343,926 |
Total | 91,534,941 | |
China 22.5% | ||
Baidu, Inc. Class A(a) | 426,200 | 5,164,693 |
BYD Co., Ltd., Class H | 706,500 | 19,823,880 |
China Animal Healthcare Ltd.(a),(b),(c) | 6,354,000 | 1 |
China Resources Land Ltd. | 2,264,000 | 8,261,922 |
DiDi Global, Inc., ADR(a) | 797,352 | 3,647,885 |
Eastroc Beverage Group Co., Ltd., Class A | 505,478 | 14,929,018 |
Full Truck Alliance Co., Ltd., ADR | 385,794 | 3,410,419 |
Fuyao Glass Industry Group Co., Ltd., Class A | 741,986 | 4,736,255 |
Kuaishou Technology(a) | 1,641,100 | 11,718,399 |
Kweichow Moutai Co., Ltd., Class A | 34,873 | 7,933,815 |
Medlive Technology Co., Ltd. | 2,685,573 | 2,626,273 |
Meituan, Class B(a) | 1,079,400 | 14,708,104 |
NetEase, Inc. | 397,405 | 7,067,363 |
New Horizon Health Ltd.(a),(b),(c) | 1,356,000 | 1,839,696 |
New Oriental Education & Technology Group, Inc.(a) | 973,700 | 7,762,580 |
PDD Holdings, Inc., ADR(a) | 173,541 | 25,992,971 |
PetroChina Co., Ltd., Class H | 14,922,000 | 15,300,398 |
Shenzhen Inovance Technology Co., Ltd., Class A | 659,200 | 5,269,608 |
Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A | 220,247 | 8,816,248 |
Tencent Holdings Ltd. | 1,180,400 | 54,762,997 |
Trip.com Group Ltd., ADR(a) | 435,061 | 22,409,992 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Zhejiang Sanhua Intelligent Controls Co., Ltd., Class A | 1,538,451 | 4,892,327 |
Zijin Mining Group Co., Ltd., Class H | 1,106,000 | 2,349,050 |
Total | 253,423,894 | |
Greece 4.2% | ||
Eurobank Ergasias Services and Holdings SA(a) | 3,565,829 | 7,784,635 |
JUMBO SA | 385,724 | 11,049,187 |
Mytilineos SA | 145,249 | 5,784,319 |
National Bank of Greece SA(a) | 1,805,573 | 15,633,913 |
Piraeus Financial Holdings SA(a) | 1,756,233 | 6,899,450 |
Total | 47,151,504 | |
Hong Kong 1.7% | ||
AIA Group Ltd. | 1,020,000 | 7,922,546 |
Sands China Ltd.(a) | 1,949,600 | 4,672,546 |
Techtronic Industries Co., Ltd. | 497,264 | 6,117,223 |
Total | 18,712,315 | |
India 19.4% | ||
360 ONE WAM Ltd. | 556,410 | 5,173,616 |
APL Apollo Tubes Ltd. | 643,432 | 11,597,709 |
Astral Ltd. | 331,748 | 8,344,611 |
AU Small Finance Bank Ltd. | 760,950 | 5,964,320 |
Bajaj Finance Ltd. | 155,749 | 12,503,775 |
Bharti Airtel Ltd. | 824,634 | 13,579,128 |
Cholamandalam Investment and Finance Co., Ltd. | 683,402 | 10,174,063 |
CreditAccess Grameen Ltd.(a) | 204,846 | 3,249,241 |
Eicher Motors Ltd. | 52,413 | 2,974,967 |
HDFC Bank Ltd., ADR | 88,558 | 5,126,623 |
ICICI Bank Ltd., ADR | 929,217 | 24,847,263 |
IndusInd Bank Ltd. | 833,954 | 14,621,359 |
Larsen & Toubro Ltd. | 538,371 | 23,693,742 |
MakeMyTrip, Ltd.(a) | 56,584 | 4,277,185 |
Max Healthcare Institute Ltd. | 1,328,642 | 11,987,893 |
NTPC Ltd. | 2,326,876 | 10,016,280 |
Persistent Systems Ltd. | 119,556 | 4,887,024 |
Phoenix Mills Ltd. (The) | 269,617 | 10,022,978 |
Polycab India Ltd. | 135,500 | 10,978,007 |
REC Ltd. | 1,100,448 | 7,103,155 |
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Columbia Emerging Markets Fund | 2024
Portfolio of Investments (continued)Columbia Emerging Markets Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Reliance Industries Ltd. | 284,443 | 9,758,075 |
Varun Beverages Ltd. | 439,763 | 7,524,428 |
Total | 218,405,442 | |
Indonesia 5.0% | ||
Bank Negara Indonesia Persero Tbk PT | 10,174,700 | 2,760,895 |
PT Bank Central Asia Tbk | 44,304,200 | 25,207,877 |
PT Bank Rakyat Indonesia Persero Tbk | 89,005,829 | 23,857,073 |
PT Sumber Alfaria Trijaya Tbk | 28,837,300 | 4,702,698 |
Total | 56,528,543 | |
Jersey 0.1% | ||
Arcadium Lithium PLC(a) | 329,982 | 1,461,820 |
Kazakhstan 0.5% | ||
Kaspi.KZ JSC, ADR | 48,516 | 6,132,422 |
Mexico 5.1% | ||
Arca Continental SAB de CV | 733,074 | 7,515,019 |
Banco del Bajio SA | 988,177 | 3,421,766 |
BBB Foods, Inc., Class A(a) | 198,466 | 5,406,214 |
Corporación Inmobiliaria Vesta SAB de CV | 861,780 | 3,008,979 |
Gruma SAB de CV, Class B | 222,836 | 4,338,384 |
Grupo Aeroportuario del Centro Norte SAB de CV | 596,758 | 6,120,757 |
Grupo Aeroportuario del Pacifico SAB de CV | 311,735 | 5,868,331 |
Grupo Financiero Banorte SAB de CV, Class O | 1,634,932 | 15,530,722 |
Qualitas Controladora SAB de CV | 479,505 | 6,153,739 |
Total | 57,363,911 | |
Philippines 0.9% | ||
BDO Unibank, Inc. | 4,769,810 | 10,595,955 |
Poland 0.8% | ||
Dino Polska SA(a) | 88,978 | 8,866,528 |
Russian Federation 0.4% | ||
Detsky Mir PJSC(a),(b),(c),(d) | 5,893,953 | 0 |
Fix Price Group PLC, GDR(b),(c),(d),(e) | 2,678,663 | 4,232,288 |
Total | 4,232,288 | |
South Africa 1.0% | ||
Capitec Bank Holdings Ltd. | 37,205 | 4,222,349 |
Clicks Group Ltd. | 458,070 | 7,189,772 |
Total | 11,412,121 | |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
South Korea 10.6% | ||
Coupang, Inc., Class A(a) | 466,717 | 10,613,145 |
HD Hyundai Electric Co., Ltd. | 48,668 | 10,570,945 |
Samsung Biologics Co., Ltd.(a) | 13,037 | 6,877,611 |
Samsung Electro-Mechanics Co., Ltd. | 57,042 | 6,406,848 |
Samsung Electronics Co., Ltd. | 983,426 | 52,104,695 |
SK Hynix, Inc. | 238,750 | 32,896,943 |
Total | 119,470,187 | |
Taiwan 17.4% | ||
Accton Technology Corp. | 300,995 | 4,713,083 |
Alchip Technologies Ltd. | 55,000 | 4,913,882 |
ASMedia Technology, Inc. | 80,000 | 4,966,711 |
ASPEED Technology, Inc. | 106,000 | 11,996,673 |
Chailease Holding Co., Ltd. | 657,594 | 3,097,050 |
Chroma ATE, Inc. | 492,000 | 4,367,905 |
eMemory Technology, Inc. | 101,000 | 6,880,477 |
MediaTek, Inc. | 520,000 | 19,912,934 |
Parade Technologies Ltd. | 70,000 | 1,674,543 |
Taiwan Semiconductor Manufacturing Co., Ltd. | 4,398,048 | 112,624,967 |
Unimicron Technology Corp. | 515,000 | 2,927,308 |
Wiwynn Corp. | 228,000 | 17,449,874 |
Total | 195,525,407 | |
United States 1.4% | ||
Freeport-McMoRan, Inc. | 64,075 | 3,378,675 |
Globant SA(a) | 26,596 | 4,285,148 |
Samsonite International SA(a) | 2,434,200 | 7,736,588 |
Total | 15,400,411 | |
Total Common Stocks (Cost $765,425,235) | 1,116,217,689 | |
Preferred Stocks 1.1% | |||
Issuer | Shares | Value ($) | |
South Korea 1.1% | |||
Samsung Electronics Co., Ltd. | 283,756 | 12,380,586 | |
Total Preferred Stocks (Cost $5,801,048) | 12,380,586 | ||
Columbia Emerging Markets Fund | 2024
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Portfolio of Investments (continued)Columbia Emerging Markets Fund, May 31, 2024 (Unaudited)
Money Market Funds 0.0% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.547%(f),(g) | 86,902 | 86,885 |
Total Money Market Funds (Cost $86,875) | 86,885 | |
Total Investments in Securities (Cost $771,313,158) | 1,128,685,160 | |
Other Assets & Liabilities, Net | (2,813,697 ) | |
Net Assets | $1,125,871,463 | |
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 May 31, 2024, the total value of these securities amounted to $6,071,985, which represents 0.54% of total net assets. |
(c) | Valuation based on significant unobservable inputs. |
(d) | Denotes a restricted security, which is subject to legal or contractual restrictions on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund’s Board of Trustees. At May 31, 2024, the total market value of these securities amounted to $4,232,288, which represents 0.38% of total net assets. Additional information on these securities is as follows: |
Security | Acquisition Dates | Shares | Cost ($) | 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 | 4,232,288 |
34,811,957 | 4,232,288 |
(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 May 31, 2024, the total value of these securities amounted to $4,232,288, which represents 0.38% of total net assets. |
(f) | The rate shown is the seven-day current annualized yield at May 31, 2024. |
(g) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended May 31, 2024 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 5.547% | ||||||||
20,362,415 | 239,835,615 | (260,110,172 ) | (973 ) | 86,885 | 1,971 | 283,486 | 86,902 | |
Abbreviation Legend
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
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Columbia Emerging Markets Fund | 2024