UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number811-04367
Columbia Funds Series Trust I
(Exact name of registrant as specified in charter)
290 Congress Street
Boston, MA 02210
(Address of principal executive offices) (Zip code)
Daniel J. Beckman
c/o Columbia Management Investment Advisers, LLC
290 Congress Street
Boston, MA 02210
Ryan C. Larrenaga, Esq.
c/o Columbia Management Investment Advisers, LLC
290 Congress Street
Boston, MA 02210
(Name and address of agent for service)
Registrant's telephone number, including area code: (800) 345-6611
Date of fiscal year end: October 31
Date of reporting period: April 30, 2022
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
April 30, 2022 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended April 30, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 11/25/02 | -6.39 | -6.24 | 1.39 | 1.88 |
Including sales charges | -9.17 | -9.07 | 0.78 | 1.56 | ||
Advisor Class* | 03/19/13 | -6.30 | -6.06 | 1.57 | 2.06 | |
Class C | Excluding sales charges | 11/25/02 | -6.67 | -6.80 | 0.73 | 1.31 |
Including sales charges | -7.59 | -7.71 | 0.73 | 1.31 | ||
Institutional Class | 06/14/93 | -6.29 | -6.05 | 1.57 | 2.07 | |
Institutional 2 Class* | 11/08/12 | -6.36 | -6.00 | 1.64 | 2.14 | |
Institutional 3 Class* | 03/01/17 | -6.23 | -5.93 | 1.69 | 2.13 | |
Class V | Excluding sales charges | 06/26/00 | -6.36 | -6.19 | 1.44 | 1.93 |
Including sales charges | -10.80 | -10.66 | 0.46 | 1.44 | ||
Bloomberg 3-15 Year Blend Municipal Bond Index | -7.17 | -7.28 | 1.62 | 2.21 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. 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. |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 3 |
(Unaudited)
Quality breakdown (%) (at April 30, 2022) | |
AAA rating | 3.1 |
AA rating | 25.1 |
A rating | 42.9 |
BBB rating | 20.7 |
BB rating | 4.6 |
B rating | 0.1 |
CCC rating | 0.6 |
Not rated | 2.9 |
Total | 100.0 |
Top Ten States/Territories (%) (at April 30, 2022) | |
Illinois | 18.2 |
California | 11.0 |
Texas | 8.5 |
New York | 5.4 |
Florida | 5.2 |
Georgia | 4.4 |
New Jersey | 3.8 |
Colorado | 3.3 |
Pennsylvania | 3.1 |
Massachusetts | 2.8 |
4 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
(Unaudited)
November 1, 2021 — April 30, 2022 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 936.10 | 1,021.89 | 2.94 | 3.07 | 0.61 |
Advisor Class | 1,000.00 | 1,000.00 | 937.00 | 1,022.89 | 1.98 | 2.07 | 0.41 |
Class C | 1,000.00 | 1,000.00 | 933.30 | 1,018.90 | 5.83 | 6.09 | 1.21 |
Institutional Class | 1,000.00 | 1,000.00 | 937.10 | 1,022.89 | 1.98 | 2.07 | 0.41 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 936.40 | 1,023.29 | 1.59 | 1.66 | 0.33 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 937.70 | 1,023.54 | 1.35 | 1.41 | 0.28 |
Class V | 1,000.00 | 1,000.00 | 936.40 | 1,022.14 | 2.70 | 2.82 | 0.56 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 5 |
April 30, 2022 (Unaudited)
Floating Rate Notes 0.3% | ||||
Issue Description | Yield | Principal Amount ($) | Value ($) | |
Illinois 0.2% | ||||
JPMorgan Chase Putters/Drivers Trust(a),(b),(c),(d) | ||||
Tax-Exempt Preferred | ||||
Series 2020-5033 (JPMorgan Chase Bank) | ||||
11/16/2024 | 0.590% | 5,000,000 | 5,000,000 | |
New York 0.1% | ||||
City of New York(c),(d) | ||||
Unlimited General Obligation Bonds | ||||
Series 2015 (Barclays Bank PLC) | ||||
06/01/2044 | 0.350% | 1,200,000 | 1,200,000 | |
Total Floating Rate Notes (Cost $6,200,000) | 6,200,000 | |||
Municipal Bonds 97.9% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Alabama 1.2% | ||||
Black Belt Energy Gas District | ||||
Revenue Bonds | ||||
Project No. 5 | ||||
Series 2020A-1 (Mandatory Put 10/01/26) | ||||
10/01/2049 | 4.000% | 11,500,000 | 11,687,028 | |
Black Belt Energy Gas District(e) | ||||
Revenue Bonds | ||||
Series 2018B-1 (Mandatory Put 12/01/23) | ||||
0.7 x 1-month USD LIBOR + 0.900% 12/01/2048 | 1.204% | 4,000,000 | 3,977,865 | |
UAB Medicine Finance Authority | ||||
Refunding Revenue Bonds | ||||
University of Alabama - Medicine | ||||
Series 2017B2 | ||||
09/01/2036 | 5.000% | 2,340,000 | 2,538,211 | |
09/01/2037 | 5.000% | 2,030,000 | 2,201,952 | |
09/01/2041 | 5.000% | 1,020,000 | 1,104,020 | |
Revenue Bonds | ||||
University of Alabama - Medicine | ||||
Series 2019 | ||||
09/01/2044 | 4.000% | 2,470,000 | 2,457,970 | |
Total | 23,967,046 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Alaska 0.2% | ||||
Alaska Housing Finance Corp. | ||||
Prerefunded 12/01/24 Revenue Bonds | ||||
State Capital Project Bonds II | ||||
Series 2014 | ||||
12/01/2028 | 5.000% | 2,500,000 | 2,653,843 | |
06/01/2029 | 5.000% | 1,000,000 | 1,061,538 | |
Total | 3,715,381 | |||
Arizona 2.3% | ||||
Arizona Industrial Development Authority(a) | ||||
Refunding Revenue Bonds | ||||
Arizona Agribusiness & Equine Center, Inc. Project | ||||
Series 2017B | ||||
03/01/2037 | 5.000% | 1,250,000 | 1,303,892 | |
03/01/2042 | 5.000% | 1,000,000 | 1,032,918 | |
Revenue Bonds | ||||
Cadence Campus Project | ||||
Series 2020A | ||||
07/15/2030 | 4.000% | 625,000 | 607,494 | |
07/15/2040 | 4.000% | 925,000 | 834,761 | |
07/15/2050 | 4.000% | 1,600,000 | 1,355,121 | |
Doral Academy Nevada - Fire Mesa | ||||
Series 2019A | ||||
07/15/2029 | 3.550% | 1,290,000 | 1,246,095 | |
07/15/2049 | 5.000% | 3,350,000 | 3,400,287 | |
Lone Mountain Campus Projects | ||||
Series 2019 | ||||
12/15/2029 | 3.750% | 545,000 | 519,544 | |
12/15/2039 | 5.000% | 400,000 | 409,809 | |
12/15/2049 | 5.000% | 700,000 | 709,535 | |
Pinecrest Academy - Horizon | ||||
Series 2018 | ||||
07/15/2038 | 5.750% | 1,750,000 | 1,871,396 | |
Arizona State University | ||||
Revenue Bonds | ||||
Green Bonds | ||||
Series 2019A | ||||
07/01/2037 | 5.000% | 7,800,000 | 8,744,443 | |
Chandler Industrial Development Authority(b) | ||||
Revenue Bonds | ||||
Intel Corp. | ||||
Series 2019 (Mandatory Put 06/03/24) | ||||
06/01/2049 | 5.000% | 5,000,000 | 5,223,811 | |
City of Phoenix Civic Improvement Corp.(b) | ||||
Revenue Bonds | ||||
Junior Lien | ||||
Series 2019B | ||||
07/01/2036 | 5.000% | 3,500,000 | 3,759,783 |
6 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Industrial Development Authority of the City of Phoenix (The) | ||||
Revenue Bonds | ||||
FAC-Legacy Traditional Schools Project | ||||
Series 2016 | ||||
07/01/2031 | 5.000% | 3,000,000 | 3,110,298 | |
La Paz County Industrial Development Authority | ||||
Revenue Bonds | ||||
Charter School Solutions - Harmony Public Schools Project | ||||
Series 2016 | ||||
02/15/2036 | 5.000% | 2,800,000 | 2,880,496 | |
02/15/2046 | 5.000% | 1,000,000 | 1,019,542 | |
Series 2018 | ||||
02/15/2048 | 5.000% | 1,185,000 | 1,216,147 | |
Maricopa County Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Horizon Community Learning Center | ||||
Series 2016 | ||||
07/01/2035 | 5.000% | 2,325,000 | 2,364,274 | |
Legacy Traditional Schools Project | ||||
Series 2019 | ||||
07/01/2039 | 5.000% | 1,000,000 | 1,035,213 | |
Paradise Schools Project | ||||
Series 2016 | ||||
07/01/2047 | 5.000% | 1,225,000 | 1,254,456 | |
Revenue Bonds | ||||
Reid Traditional Schools Project | ||||
Series 2016 | ||||
07/01/2036 | 5.000% | 750,000 | 775,677 | |
Total | 44,674,992 | |||
Arkansas 0.1% | ||||
City of Springdale Sales & Use Tax | ||||
Prerefunded 11/01/22 Revenue Bonds | ||||
Series 2012 | ||||
11/01/2028 | 5.000% | 1,000,000 | 1,016,470 | |
University of Arkansas | ||||
Prerefunded 11/01/24 Revenue Bonds | ||||
Various Facilities - Fayetteville Campus | ||||
Series 2015 | ||||
11/01/2030 | 5.000% | 1,000,000 | 1,063,524 | |
Total | 2,079,994 | |||
California 10.8% | ||||
Alvord Unified School District(f) | ||||
Unlimited General Obligation Bonds | ||||
2007 Election | ||||
Series 2011B (AGM) | ||||
08/01/2046 | 0.000% | 1,150,000 | 1,251,120 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Bay Area Toll Authority(e) | ||||
Revenue Bonds | ||||
San Francisco Bay Area Toll Bridge | ||||
Series 2013 (Mandatory Put 04/01/27) | ||||
Muni Swap Index Yield + 1.250% 04/01/2036 | 1.690% | 5,000,000 | 5,084,740 | |
Burbank Unified School District(f) | ||||
Prerefunded 02/01/25 Unlimited General Obligation Bonds | ||||
Convertible | ||||
Series 2015A | ||||
08/01/2031 | 0.000% | 1,325,000 | 1,331,627 | |
California Educational Facilities Authority | ||||
Revenue Bonds | ||||
Chapman University | ||||
Series 2015 | ||||
04/01/2028 | 5.000% | 1,000,000 | 1,061,345 | |
04/01/2029 | 5.000% | 1,650,000 | 1,749,580 | |
04/01/2030 | 5.000% | 1,700,000 | 1,800,840 | |
California Health Facilities Financing Authority | ||||
Prerefunded 07/01/23 Revenue Bonds | ||||
St. Joseph Health System | ||||
Series 2013A | ||||
07/01/2037 | 5.000% | 2,000,000 | 2,065,243 | |
Prerefunded 11/15/25 Revenue Bonds | ||||
Sutter Health Obligation Group | ||||
Series 2016A | ||||
11/15/2033 | 5.000% | 5,000,000 | 5,430,778 | |
Refunding Revenue Bonds | ||||
Children’s Hospital | ||||
Series 2017A | ||||
08/15/2042 | 5.000% | 1,000,000 | 1,081,156 | |
El Camino Hospital | ||||
Series 2015A | ||||
02/01/2029 | 5.000% | 1,485,000 | 1,576,291 | |
Revenue Bonds | ||||
El Camino Hospital | ||||
Series 2017 | ||||
02/01/2034 | 5.000% | 1,750,000 | 1,913,187 | |
California Municipal Finance Authority | ||||
Refunding Revenue Bonds | ||||
Community Medical Centers | ||||
Series 2017A | ||||
02/01/2042 | 5.000% | 1,500,000 | 1,639,875 | |
Revenue Bonds | ||||
National University | ||||
Series 2019A | ||||
04/01/2037 | 5.000% | 1,470,000 | 1,621,274 | |
California School Finance Authority(a) | ||||
Refunding Revenue Bonds | ||||
Aspire Public School | ||||
Series 2016 | ||||
08/01/2036 | 5.000% | 1,910,000 | 1,956,539 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 7 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Revenue Bonds | ||||
Aspire Public Schools Obligation Group | ||||
Series 2021 | ||||
08/01/2041 | 4.000% | 500,000 | 464,719 | |
California State Public Works Board | ||||
Revenue Bonds | ||||
Various Capital Projects | ||||
Series 2013I | ||||
11/01/2028 | 5.250% | 9,225,000 | 9,600,139 | |
11/01/2029 | 5.000% | 5,000,000 | 5,178,376 | |
11/01/2031 | 5.500% | 2,930,000 | 3,062,916 | |
Various Correctional Facilities | ||||
Series 2014A | ||||
09/01/2031 | 5.000% | 15,350,000 | 16,133,553 | |
California Statewide Communities Development Authority | ||||
Prerefunded 10/01/24 Revenue Bonds | ||||
Henry Mayo Newhall Memorial Hospital | ||||
Series 2014A (AGM) | ||||
10/01/2034 | 5.000% | 5,000,000 | 5,299,483 | |
Revenue Bonds | ||||
Methodist Hospital of Southern California | ||||
Series 2018 | ||||
01/01/2038 | 5.000% | 3,000,000 | 3,239,449 | |
Series 2017 | ||||
05/15/2033 | 5.000% | 1,350,000 | 1,439,485 | |
05/15/2034 | 5.000% | 1,000,000 | 1,065,336 | |
05/15/2035 | 5.000% | 2,200,000 | 2,341,653 | |
City of Tulare Sewer | ||||
Refunding Revenue Bonds | ||||
Series 2015 (AGM) | ||||
11/15/2030 | 5.000% | 1,910,000 | 2,058,977 | |
11/15/2031 | 5.000% | 1,000,000 | 1,076,948 | |
11/15/2032 | 5.000% | 1,610,000 | 1,729,947 | |
City of Upland | ||||
Refunding Certificate of Participation | ||||
San Antonio Regional Hospital | ||||
Series 2017 | ||||
01/01/2035 | 4.000% | 1,000,000 | 1,013,111 | |
Del Mar Race Track Authority | ||||
Refunding Revenue Bonds | ||||
Series 2015 | ||||
10/01/2035 | 5.000% | 2,665,000 | 2,503,499 | |
Escondido Union High School District(f) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation - Election of 2008 | ||||
Series 2009A (AGM) | ||||
08/01/2031 | 0.000% | 480,000 | 349,145 | |
Escondido Union High School District(g) | ||||
Unlimited General Obligation Bonds | ||||
Convertible | ||||
Series 2011 | ||||
08/01/2032 | 5.450% | 1,250,000 | 1,353,637 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Fresno Joint Powers Financing Authority | ||||
Refunding Revenue Bonds | ||||
Master Lease Project | ||||
Series 2017A (AGM) | ||||
04/01/2033 | 5.000% | 1,000,000 | 1,086,335 | |
Fresno Unified School District | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2002A (MBIA) | ||||
08/01/2026 | 6.000% | 2,315,000 | 2,465,507 | |
Golden State Tobacco Securitization Corp. | ||||
Prerefunded 06/01/25 Asset-Backed Revenue Bonds | ||||
Series 2015A | ||||
06/01/2033 | 5.000% | 5,250,000 | 5,644,074 | |
Prerefunded 06/01/27 Revenue Bonds | ||||
Series 2017A-1 | ||||
06/01/2028 | 5.000% | 1,000,000 | 1,109,807 | |
06/01/2029 | 5.000% | 1,000,000 | 1,109,807 | |
Refunding Revenue Bonds | ||||
Series 2017A-1 Escrowed to Maturity | ||||
06/01/2024 | 5.000% | 5,000,000 | 5,261,639 | |
Hartnell Community College District(f) | ||||
Unlimited General Obligation Refunding Bonds | ||||
Capital Appreciation Serial Bonds | ||||
Series 2015A | ||||
08/01/2035 | 0.000% | 2,650,000 | 1,588,020 | |
La Quinta Redevelopment Agency Successor Agency | ||||
Prerefunded 09/01/23 Tax Allocation Bonds | ||||
Redevelopment Project | ||||
Subordinated Series 2013A | ||||
09/01/2029 | 5.000% | 5,000,000 | 5,186,081 | |
Lakeside Union School District/Kern County(f) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation - Election | ||||
Series 2009 Escrowed to Maturity (AGM) | ||||
09/01/2027 | 0.000% | 5,000 | 4,320 | |
Los Angeles County Sanitation Districts Financing Authority | ||||
Refunding Revenue Bonds | ||||
Capital Projects - District #14 | ||||
Subordinated Series 2015 | ||||
10/01/2033 | 5.000% | 4,000,000 | 4,286,127 | |
Manteca Unified School District(f) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation - Election of 2004 | ||||
Series 2006 (NPFGC) | ||||
08/01/2024 | 0.000% | 5,000,000 | 4,690,817 | |
Mount Diablo Unified School District(g) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation - Election of 2010 | ||||
Series 2010A (AGM) | ||||
08/01/2035 | 0.000% | 2,125,000 | 2,300,930 |
8 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Norman Y Mineta San Jose International Airport SJC | ||||
Refunding Revenue Bonds | ||||
Series 2017B | ||||
03/01/2042 | 5.000% | 1,665,000 | 1,787,068 | |
Norman Y. Mineta San Jose International Airport(b) | ||||
Refunding Revenue Bonds | ||||
Series 2017A | ||||
03/01/2041 | 5.000% | 1,000,000 | 1,047,302 | |
Pasadena Public Financing Authority(f) | ||||
Revenue Bonds | ||||
Capital Appreciation - Rose Bowl | ||||
Series 2010A | ||||
03/01/2029 | 0.000% | 2,000,000 | 1,588,699 | |
Pico Rivera Water Authority | ||||
Revenue Bonds | ||||
Water System Project | ||||
Series 1999A (NPFGC) | ||||
05/01/2029 | 5.500% | 2,520,000 | 2,707,776 | |
Rancho Santiago Community College District(f) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation - Election of 2002 | ||||
Series 2006C (AGM) | ||||
09/01/2031 | 0.000% | 28,000,000 | 20,304,029 | |
Sacramento Redevelopment Agency Successor Agency | ||||
Refunding Tax Allocation Bonds | ||||
Subordinated Series 2015A (BAM) | ||||
12/01/2027 | 5.000% | 235,000 | 254,201 | |
12/01/2028 | 5.000% | 425,000 | 458,605 | |
12/01/2030 | 5.000% | 1,000,000 | 1,079,160 | |
12/01/2031 | 5.000% | 2,000,000 | 2,157,792 | |
San Francisco City & County Airport Commission - San Francisco International Airport(b) | ||||
Revenue Bonds | ||||
Series 2019E | ||||
05/01/2045 | 5.000% | 13,500,000 | 14,348,029 | |
San Joaquin Hills Transportation Corridor Agency(f) | ||||
Revenue Bonds | ||||
Senior Lien | ||||
Series 1993 Escrowed to Maturity | ||||
01/01/2025 | 0.000% | 22,405,000 | 20,985,542 | |
San Jose Financing Authority | ||||
Prerefunded 06/01/23 Revenue Bonds | ||||
Civic Center Project | ||||
Series 2013A | ||||
06/01/2029 | 5.000% | 5,000,000 | 5,152,990 | |
06/01/2039 | 5.000% | 1,435,000 | 1,478,908 | |
San Jose Unified School District(f) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation - Election of 2002 | ||||
Series 2006C (NPFGC) | ||||
08/01/2027 | 0.000% | 1,495,000 | 1,269,888 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
State of California | ||||
Unlimited General Obligation Bonds | ||||
Series 2015 | ||||
03/01/2033 | 5.000% | 2,500,000 | 2,645,857 | |
Tustin Community Facilities District | ||||
Refunding Special Tax Bonds | ||||
Legacy Villages of Columbus #06-1 | ||||
Series 2015 | ||||
09/01/2031 | 5.000% | 1,000,000 | 1,074,832 | |
09/01/2033 | 5.000% | 1,250,000 | 1,343,229 | |
Vallejo City Unified School District | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2002A (MBIA) | ||||
08/01/2025 | 5.900% | 1,225,000 | 1,275,881 | |
Walnut Creek Elementary School District Contra Costa County(f) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation - Election of 2002 | ||||
Series 2010E | ||||
09/01/2023 | 0.000% | 1,560,000 | 1,508,787 | |
WateReuse Finance Authority | ||||
Refunding Revenue Bonds | ||||
Vallejo Sanitation and Flood | ||||
Series 2014 (BAM) | ||||
05/01/2036 | 5.500% | 2,635,000 | 2,784,375 | |
Westminster School District(f) | ||||
Prerefunded 08/01/23 Unlimited General Obligation Bonds | ||||
Election of 2008 | ||||
Series 2013 (BAM) | ||||
08/01/2048 | 0.000% | 7,045,000 | 1,227,641 | |
Total | 208,688,023 | |||
Colorado 3.3% | ||||
Adams County School District No. 14 | ||||
Prerefunded 12/01/24 Unlimited General Obligation Bonds | ||||
Series 2015 | ||||
12/01/2027 | 5.000% | 500,000 | 532,704 | |
Arkansas River Power Authority | ||||
Refunding Revenue Bonds | ||||
Series 2018A | ||||
10/01/2038 | 5.000% | 2,250,000 | 2,409,468 | |
City & County of Denver | ||||
Revenue Bonds | ||||
Series 2018A-1 | ||||
08/01/2041 | 5.000% | 8,000,000 | 8,594,953 | |
City & County of Denver Airport System | ||||
Prerefunded 11/15/22 Revenue Bonds | ||||
Series 2012B | ||||
11/15/2032 | 5.000% | 10,000,000 | 10,180,241 | |
City & County of Denver Airport System(b) | ||||
Refunding Revenue Bonds | ||||
Series 2017A | ||||
11/15/2030 | 5.000% | 5,010,000 | 5,368,638 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 9 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
System | ||||
Subordinated Series 2018A | ||||
12/01/2048 | 5.000% | 3,000,000 | 3,149,297 | |
Colorado Bridge Enterprise(b) | ||||
Revenue Bonds | ||||
Central 70 Project | ||||
Series 2017 | ||||
12/31/2028 | 4.000% | 2,760,000 | 2,871,945 | |
Colorado Health Facilities Authority | ||||
Prerefunded 06/01/27 Revenue Bonds | ||||
Evangelical Lutheran Good Samaritan Society | ||||
Series 2017 | ||||
06/01/2030 | 5.000% | 2,000,000 | 2,226,649 | |
Evangelical Lutheran Good Samaritan Society | ||||
Series 2017 | ||||
06/01/2047 | 5.000% | 1,000,000 | 1,113,325 | |
Prerefunded 12/01/22 Revenue Bonds | ||||
Covenant Retirement Communities | ||||
Series 2012A | ||||
12/01/2027 | 5.000% | 4,000,000 | 4,075,062 | |
Refunding Revenue Bonds | ||||
CommonSpirit Health | ||||
Series 2019A | ||||
08/01/2044 | 4.000% | 2,000,000 | 1,908,176 | |
08/01/2049 | 4.000% | 2,265,000 | 2,143,442 | |
Covenant Retirement Communities | ||||
Series 2015 | ||||
12/01/2023 | 5.000% | 215,000 | 223,235 | |
12/01/2026 | 5.000% | 1,860,000 | 1,985,897 | |
12/01/2028 | 5.000% | 1,000,000 | 1,063,585 | |
12/01/2030 | 5.000% | 1,400,000 | 1,483,184 | |
Revenue Bonds | ||||
Parkview Medical Center, Inc. Project | ||||
Series 2020 | ||||
09/01/2045 | 4.000% | 1,000,000 | 937,419 | |
09/01/2050 | 4.000% | 1,500,000 | 1,385,985 | |
Commerce City CO-Northern Infrastructure General Improvement District | ||||
Unlimited General Obligation Refunding & Public Improvement Bonds | ||||
Series 2013 (AGM) | ||||
12/01/2022 | 5.000% | 1,185,000 | 1,208,205 | |
Denver City & County School District No. 1 | ||||
Prerefunded 12/01/22 Unlimited General Obligation Bonds | ||||
Series 2012B | ||||
12/01/2032 | 5.000% | 1,500,000 | 1,529,023 | |
E-470 Public Highway Authority(e) | ||||
Refunding Revenue Bonds | ||||
Series 2021B (Mandatory Put 09/01/24) | ||||
0.7 x SOFR + 0.350% 09/01/2039 | 0.538% | 2,000,000 | 1,959,769 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Park Creek Metropolitan District | ||||
Refunding Revenue Bonds | ||||
Senior Limited Property Tax | ||||
Series 2015 | ||||
12/01/2030 | 5.000% | 1,895,000 | 2,019,082 | |
Refunding Tax Allocation Bonds | ||||
Limited Property Tax | ||||
Series 2015 | ||||
12/01/2032 | 5.000% | 1,500,000 | 1,594,553 | |
Regional Transportation District | ||||
Certificate of Participation | ||||
Series 2015 | ||||
06/01/2027 | 5.000% | 2,925,000 | 3,121,243 | |
Total | 63,085,080 | |||
Connecticut 1.4% | ||||
City of New Haven | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2019B (AGM) | ||||
02/01/2024 | 5.000% | 650,000 | 678,231 | |
Unrefunded Unlimited General Obligation Bonds | ||||
Series 2014B (AGM) | ||||
08/01/2023 | 5.000% | 1,765,000 | 1,824,310 | |
Connecticut State Health & Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Fairfield University | ||||
Series 2018S | ||||
07/01/2029 | 5.000% | 1,000,000 | 1,101,728 | |
Nuvance Health Issue Services | ||||
Series 2019A | ||||
07/01/2038 | 4.000% | 5,430,000 | 5,441,315 | |
State of Connecticut | ||||
Unlimited General Obligation Bonds | ||||
Series 2016A | ||||
03/15/2027 | 5.000% | 2,155,000 | 2,337,772 | |
Series 2017A | ||||
04/15/2034 | 5.000% | 3,000,000 | 3,266,347 | |
Series 2019A | ||||
04/15/2028 | 5.000% | 1,250,000 | 1,398,743 | |
04/15/2030 | 5.000% | 1,150,000 | 1,297,670 | |
04/15/2036 | 5.000% | 2,200,000 | 2,447,659 | |
University of Connecticut | ||||
Revenue Bonds | ||||
Series 2016A | ||||
03/15/2032 | 5.000% | 2,000,000 | 2,157,407 | |
Series 2017A | ||||
01/15/2033 | 5.000% | 4,000,000 | 4,332,295 | |
Series 2019A | ||||
11/01/2036 | 5.000% | 1,485,000 | 1,637,737 | |
Total | 27,921,214 |
10 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Delaware 0.2% | ||||
City of Wilmington | ||||
Unlimited General Obligation Bonds | ||||
Series 2013A | ||||
10/01/2025 | 5.000% | 3,715,000 | 3,855,213 | |
District of Columbia 2.6% | ||||
District of Columbia | ||||
Refunding Revenue Bonds | ||||
Children’s Hospital | ||||
Series 2015 | ||||
07/15/2030 | 5.000% | 3,000,000 | 3,216,278 | |
Friendship Public Charter School | ||||
Series 2016 | ||||
06/01/2036 | 5.000% | 4,815,000 | 4,946,249 | |
06/01/2046 | 5.000% | 1,385,000 | 1,408,871 | |
Revenue Bonds | ||||
KIPP DC Project | ||||
Series 2019 | ||||
07/01/2044 | 4.000% | 3,480,000 | 3,167,673 | |
Metropolitan Washington Airports Authority(b) | ||||
Refunding Revenue Bonds | ||||
Forward Delivery | ||||
Series 2020A | ||||
10/01/2030 | 5.000% | 2,500,000 | 2,789,138 | |
Metropolitan Washington Airports Authority Dulles Toll Road | ||||
Refunding Revenue Bonds | ||||
Dulles Metrorail | ||||
Subordinated Series 2019 | ||||
10/01/2034 | 5.000% | 1,000,000 | 1,099,530 | |
10/01/2049 | 4.000% | 1,000,000 | 992,174 | |
Metropolitan Washington Airports Authority Dulles Toll Road(f) | ||||
Revenue Bonds | ||||
Capital Appreciation - 2nd Senior Lien | ||||
Series 2009B (AGM) | ||||
10/01/2024 | 0.000% | 20,980,000 | 19,546,732 | |
10/01/2025 | 0.000% | 7,500,000 | 6,760,511 | |
10/01/2026 | 0.000% | 5,000,000 | 4,351,577 | |
Washington Convention & Sports Authority | ||||
Refunding Revenue Bonds | ||||
Series 2018A | ||||
10/01/2030 | 5.000% | 1,500,000 | 1,651,160 | |
Total | 49,929,893 | |||
Florida 5.1% | ||||
Central Florida Expressway Authority | ||||
Refunding Revenue Bonds | ||||
Senior Lien | ||||
Series 2017 (BAM) | ||||
07/01/2041 | 4.000% | 4,000,000 | 4,089,861 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
City of Atlantic Beach | ||||
Revenue Bonds | ||||
Fleet Landing Project | ||||
Series 2018 | ||||
11/15/2048 | 5.000% | 1,750,000 | 1,835,356 | |
Series 2018A | ||||
11/15/2043 | 5.000% | 1,085,000 | 1,143,635 | |
City of Lakeland Department of Electric Utilities | ||||
Refunding Revenue Bonds | ||||
Series 2010 (AGM) | ||||
10/01/2028 | 5.250% | 1,250,000 | 1,448,517 | |
City of Orlando Tourist Development Tax | ||||
Refunding Revenue Bonds | ||||
Senior Lien - Tourist Development | ||||
Series 2017 (AGM) | ||||
11/01/2035 | 5.000% | 2,270,000 | 2,508,506 | |
City of Tampa(f) | ||||
Revenue Bonds | ||||
Capital Appreciation | ||||
Series 2020A | ||||
09/01/2034 | 0.000% | 650,000 | 400,184 | |
County of Broward Airport System(b) | ||||
Revenue Bonds | ||||
Series 2015A | ||||
10/01/2026 | 5.000% | 750,000 | 796,675 | |
10/01/2031 | 5.000% | 1,000,000 | 1,048,867 | |
Series 2019A | ||||
10/01/2038 | 5.000% | 2,250,000 | 2,416,043 | |
County of Lee County Water & Sewer | ||||
Prerefunded 10/01/22 Revenue Bonds | ||||
Series 2012B | ||||
10/01/2029 | 5.000% | 2,000,000 | 2,028,873 | |
County of Miami-Dade Aviation | ||||
Refunding Revenue Bonds | ||||
Series 2014B | ||||
10/01/2025 | 5.000% | 800,000 | 839,661 | |
10/01/2032 | 5.000% | 6,620,000 | 6,908,856 | |
County of Miami-Dade Aviation(b) | ||||
Revenue Bonds | ||||
Series 2019A | ||||
10/01/2044 | 4.000% | 1,000,000 | 949,770 | |
County of Miami-Dade Rickenbacker Causeway | ||||
Revenue Bonds | ||||
Series 2014 | ||||
10/01/2033 | 5.000% | 1,215,000 | 1,257,190 | |
County of Miami-Dade Water & Sewer System | ||||
Revenue Bonds | ||||
Series 2017A | ||||
10/01/2033 | 5.000% | 2,000,000 | 2,132,313 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 11 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
County of Osceola Transportation(f) | ||||
Refunding Revenue Bonds | ||||
Series 2020A-2 | ||||
10/01/2034 | 0.000% | 1,850,000 | 1,090,866 | |
Series 2020A-2 (AGM) | ||||
10/01/2030 | 0.000% | 1,200,000 | 852,888 | |
Emerald Coast Utilities Authority | ||||
Refunding Revenue Bonds | ||||
Utility System | ||||
Series 2015 (BAM) | ||||
01/01/2032 | 5.000% | 1,445,000 | 1,526,886 | |
Florida Municipal Power Agency | ||||
Refunding Revenue Bonds | ||||
Series 2016A | ||||
10/01/2030 | 5.000% | 2,750,000 | 2,996,508 | |
Halifax Hospital Medical Center | ||||
Refunding Revenue Bonds | ||||
Series 2016 | ||||
06/01/2026 | 5.000% | 1,525,000 | 1,657,359 | |
06/01/2027 | 5.000% | 1,295,000 | 1,408,440 | |
Hillsborough County Aviation Authority | ||||
Prerefunded 10/01/24 Revenue Bonds | ||||
Tampa International Airport | ||||
Subordinated Series 2015B | ||||
10/01/2031 | 5.000% | 1,600,000 | 1,696,608 | |
10/01/2032 | 5.000% | 2,300,000 | 2,438,873 | |
Lee County School Board (The) | ||||
Refunding Certificate of Participation | ||||
Series 2014A | ||||
08/01/2028 | 5.000% | 2,500,000 | 2,619,608 | |
Miami-Dade County Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
University of Miami | ||||
Series 2015A | ||||
04/01/2031 | 5.000% | 2,000,000 | 2,096,312 | |
Mid-Bay Bridge Authority | ||||
Refunding Revenue Bonds | ||||
Series 2015A | ||||
10/01/2030 | 5.000% | 2,150,000 | 2,258,676 | |
Monroe County School District | ||||
Refunding Certificate of Participation | ||||
Series 2018A | ||||
06/01/2034 | 5.000% | 1,000,000 | 1,100,822 | |
Orange County School Board | ||||
Refunding Certificate of Participation | ||||
Series 2016C | ||||
08/01/2033 | 5.000% | 5,000,000 | 5,375,967 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Palm Beach County Health Facilities Authority | ||||
Revenue Bonds | ||||
Lifespace Communities, Inc. | ||||
Series 2018 | ||||
05/15/2036 | 5.000% | 2,550,000 | 2,610,273 | |
05/15/2037 | 5.000% | 2,500,000 | 2,550,060 | |
Pasco County School Board | ||||
Refunding Certificate of Participation | ||||
Series 2015A | ||||
08/01/2026 | 5.000% | 4,620,000 | 4,958,289 | |
08/01/2027 | 5.000% | 2,500,000 | 2,679,028 | |
Polk County Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Carpenter’s Home Estates | ||||
Series 2019 | ||||
01/01/2029 | 5.000% | 675,000 | 718,552 | |
01/01/2039 | 5.000% | 300,000 | 312,038 | |
01/01/2049 | 5.000% | 1,000,000 | 1,027,299 | |
Sarasota County Health Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Village of Isle Project | ||||
Series 2016 | ||||
01/01/2030 | 5.000% | 750,000 | 777,368 | |
01/01/2031 | 5.000% | 935,000 | 964,716 | |
01/01/2032 | 5.000% | 1,100,000 | 1,131,679 | |
Sarasota County Public Hospital District | ||||
Revenue Bonds | ||||
Memorial Hospital District | ||||
Series 2018 | ||||
07/01/2041 | 5.000% | 5,000,000 | 5,536,581 | |
School Board of Miami-Dade County (The) | ||||
Refunding Certificate of Participation | ||||
Series 2015A | ||||
05/01/2030 | 5.000% | 2,500,000 | 2,645,198 | |
Seminole County Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Legacy Pointe at UCF Project | ||||
Series 2019 | ||||
11/15/2025 | 3.750% | 3,000,000 | 2,843,569 | |
Southeast Overtown Park West Community Redevelopment Agency(a) | ||||
Tax Allocation Bonds | ||||
Series 2014A-1 | ||||
03/01/2030 | 5.000% | 2,925,000 | 3,024,148 | |
St. Johns County Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Vicar’s Landing Project | ||||
Series 2021 | ||||
12/15/2041 | 4.000% | 500,000 | 444,251 | |
12/15/2046 | 4.000% | 500,000 | 428,363 | |
12/15/2050 | 4.000% | 500,000 | 418,975 |
12 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Sterling Hill Community Development District(h) | ||||
Special Assessment Bonds | ||||
Series 2003B | ||||
11/01/2010 | 0.000% | 137,787 | 74,405 | |
Volusia County Educational Facility Authority | ||||
Refunding Revenue Bonds | ||||
Embry Riddle Aeronautical University | ||||
Series 2020 | ||||
10/15/2038 | 4.000% | 585,000 | 594,588 | |
10/15/2044 | 5.000% | 5,850,000 | 6,320,180 | |
Revenue Bonds | ||||
Series 2015B | ||||
10/15/2030 | 5.000% | 1,510,000 | 1,584,666 | |
Total | 98,568,346 | |||
Georgia 4.3% | ||||
Burke County Development Authority | ||||
Revenue Bonds | ||||
Georgia Power Co. Plant Vogtle Project | ||||
Series 2019 (Mandatory Put 05/25/23) | ||||
10/01/2032 | 2.250% | 3,000,000 | 2,982,625 | |
City of Atlanta Department of Aviation | ||||
Refunding Revenue Bonds | ||||
General | ||||
Subordinated Series 2014 | ||||
01/01/2031 | 5.000% | 1,000,000 | 1,038,014 | |
01/01/2033 | 5.000% | 1,000,000 | 1,034,709 | |
01/01/2034 | 5.000% | 1,000,000 | 1,033,884 | |
General - Subordinated Lien | ||||
Series 2014 | ||||
01/01/2032 | 5.000% | 4,500,000 | 4,662,131 | |
City of Atlanta Water & Wastewater | ||||
Revenue Bonds | ||||
Series 2018B | ||||
11/01/2043 | 5.000% | 3,000,000 | 3,273,977 | |
Development Authority of Burke County (The) | ||||
Revenue Bonds | ||||
Georgia Power Co. Plant Vogtle Project | ||||
Series 2019 (Mandatory Put 03/12/24) | ||||
11/01/2048 | 2.925% | 4,250,000 | 4,235,394 | |
Development Authority of Monroe County (The) | ||||
Revenue Bonds | ||||
Georgia Power Co. Plant Scherer Project | ||||
Series 2019 | ||||
07/01/2025 | 2.250% | 3,000,000 | 2,922,317 | |
Fulton County Development Authority | ||||
Refunding Revenue Bonds | ||||
Spelman College | ||||
Series 2015 | ||||
06/01/2032 | 5.000% | 3,630,000 | 3,851,464 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Gainesville & Hall County Development Authority | ||||
Refunding Revenue Bonds | ||||
Riverside Military Academy | ||||
Series 2017 | ||||
03/01/2027 | 5.000% | 500,000 | 458,808 | |
03/01/2037 | 5.000% | 2,500,000 | 2,040,392 | |
03/01/2052 | 5.125% | 2,925,000 | 2,198,201 | |
Gainesville & Hall County Hospital Authority | ||||
Refunding Revenue Bonds | ||||
Northeast Georgia Health System, Inc. Project | ||||
Series 2017 | ||||
02/15/2037 | 5.000% | 2,000,000 | 2,180,228 | |
Northeast Georgia Health Systems, Inc. | ||||
Series 2017 | ||||
02/15/2036 | 5.000% | 1,500,000 | 1,636,570 | |
02/15/2042 | 5.000% | 3,000,000 | 3,256,396 | |
Series 2020 | ||||
02/15/2040 | 4.000% | 7,000,000 | 7,021,451 | |
Georgia State Road & Tollway Authority(a),(f) | ||||
Prerefunded 06/01/24 Revenue Bonds | ||||
I-75 S Express Lanes Project | ||||
Series 2014 | ||||
06/01/2034 | 0.000% | 3,750,000 | 1,923,209 | |
Revenue Bonds | ||||
I-75 S Express Lanes Project | ||||
Series 2014 Escrowed to Maturity | ||||
06/01/2024 | 0.000% | 435,000 | 400,740 | |
Main Street Natural Gas, Inc.(e) | ||||
Revenue Bonds | ||||
Series 2018B (Mandatory Put 09/01/23) | ||||
0.7 x 1-month USD LIBOR + 0.750% 04/01/2048 | 1.054% | 11,500,000 | 11,435,651 | |
Series 2018D (Mandatory Put 12/01/23) | ||||
0.7 x 1-month USD LIBOR + 0.830% 08/01/2048 | 1.134% | 500,000 | 497,461 | |
Series 2018E (Mandatory Put 12/01/23) | ||||
Muni Swap Index Yield + 0.570% 08/01/2048 | 1.010% | 10,000,000 | 9,993,786 | |
Main Street Natural Gas, Inc. | ||||
Revenue Bonds | ||||
Series 2019A | ||||
05/15/2030 | 5.000% | 2,750,000 | 2,955,902 | |
05/15/2031 | 5.000% | 4,000,000 | 4,284,327 | |
Series 2019B (Mandatory Put 12/02/24) | ||||
08/01/2049 | 4.000% | 6,000,000 | 6,148,055 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 13 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
South Fulton Municipal Regional Water & Sewer Authority | ||||
Refunding Revenue Bonds | ||||
Series 2014 (BAM) | ||||
01/01/2023 | 5.000% | 800,000 | 816,363 | |
01/01/2024 | 5.000% | 1,000,000 | 1,041,667 | |
01/01/2025 | 5.000% | 700,000 | 727,409 | |
Total | 84,051,131 | |||
Guam 0.1% | ||||
Territory of Guam(i) | ||||
Refunding Revenue Bonds | ||||
Section 30 | ||||
Series 2016A | ||||
12/01/2032 | 5.000% | 1,310,000 | 1,396,262 | |
12/01/2033 | 5.000% | 1,000,000 | 1,064,736 | |
Total | 2,460,998 | |||
Idaho 0.1% | ||||
Canyon County School District No. 131 Nampa | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2013 | ||||
09/15/2023 | 5.000% | 1,000,000 | 1,039,081 | |
Idaho Health Facilities Authority | ||||
Revenue Bonds | ||||
Terraces of Boise Project | ||||
Series 2021 | ||||
10/01/2031 | 3.800% | 2,100,000 | 1,838,985 | |
Total | 2,878,066 | |||
Illinois 17.6% | ||||
Bureau County Township High School District No. 502 | ||||
Prerefunded 12/01/23 Unlimited General Obligation Bonds | ||||
Series 2013A (BAM) | ||||
10/01/2043 | 6.625% | 3,400,000 | 3,628,811 | |
Chicago Board of Education | ||||
Revenue Bonds | ||||
Series 2017 | ||||
04/01/2046 | 6.000% | 1,500,000 | 1,631,431 | |
Series 2018 | ||||
04/01/2042 | 5.000% | 1,500,000 | 1,559,542 | |
04/01/2046 | 5.000% | 1,250,000 | 1,292,067 | |
Chicago Housing Authority | ||||
Revenue Bonds | ||||
Series 2018A (HUD) | ||||
01/01/2023 | 5.000% | 710,000 | 721,643 | |
01/01/2037 | 5.000% | 2,500,000 | 2,692,179 | |
Chicago Midway International Airport | ||||
Refunding Revenue Bonds | ||||
2nd Lien | ||||
Series 2014B | ||||
01/01/2029 | 5.000% | 6,150,000 | 6,370,564 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Chicago O’Hare International Airport | ||||
General Obligation Refunding Bonds | ||||
Senior Lien | ||||
Series 2016B | ||||
01/01/2033 | 5.000% | 2,000,000 | 2,135,108 | |
Refunding Revenue Bonds | ||||
General Senior Lien | ||||
Series 2017B | ||||
01/01/2038 | 5.000% | 2,290,000 | 2,452,156 | |
Chicago O’Hare International Airport(b) | ||||
Refunding Revenue Bonds | ||||
Senior Lien | ||||
Series 2018 | ||||
01/01/2037 | 5.000% | 1,200,000 | 1,275,211 | |
Series 2018A | ||||
01/01/2038 | 5.000% | 4,250,000 | 4,510,031 | |
01/01/2039 | 5.000% | 1,250,000 | 1,324,638 | |
Series 2015A | ||||
01/01/2026 | 5.000% | 1,500,000 | 1,573,103 | |
01/01/2031 | 5.000% | 1,000,000 | 1,039,839 | |
Chicago Park District | ||||
Limited General Obligation Bonds | ||||
Series 2016A | ||||
01/01/2040 | 5.000% | 1,000,000 | 1,052,022 | |
Limited General Obligation Refunding Bonds | ||||
Limited Tax | ||||
Series 2014B | ||||
01/01/2028 | 5.000% | 2,500,000 | 2,583,619 | |
Series 2016B | ||||
01/01/2031 | 5.000% | 1,790,000 | 1,897,279 | |
Chicago Transit Authority | ||||
Revenue Bonds | ||||
Second Lien | ||||
Series 2017 | ||||
12/01/2046 | 5.000% | 3,000,000 | 3,213,271 | |
Chicago Transit Authority Sales Tax Receipts Fund | ||||
Refunding Revenue Bonds | ||||
Second Lien | ||||
Junior Subordinated Series 2020A | ||||
12/01/2050 | 4.000% | 3,000,000 | 2,956,775 | |
City of Chicago | ||||
Unlimited General Obligation Bonds | ||||
Series 2015A Escrowed to Maturity | ||||
01/01/2023 | 5.000% | 5,000,000 | 5,107,608 | |
Series 2017A | ||||
01/01/2038 | 6.000% | 10,000,000 | 10,941,497 | |
Series 2019A | ||||
01/01/2035 | 5.500% | 2,000,000 | 2,183,882 | |
01/01/2040 | 5.000% | 9,400,000 | 9,907,289 | |
01/01/2044 | 5.000% | 11,750,000 | 12,312,480 |
14 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Unlimited General Obligation Refunding Bonds | ||||
Series 2020A | ||||
01/01/2028 | 5.000% | 6,000,000 | 6,389,062 | |
City of Chicago Wastewater Transmission | ||||
Refunding Revenue Bonds | ||||
2nd Lien | ||||
Junior Subordinated Series 2017B | ||||
01/01/2032 | 5.000% | 2,000,000 | 2,159,382 | |
01/01/2035 | 5.000% | 3,310,000 | 3,564,846 | |
Series 2015C | ||||
01/01/2031 | 5.000% | 3,715,000 | 3,933,370 | |
01/01/2039 | 5.000% | 500,000 | 526,230 | |
Series 2017B | ||||
01/01/2033 | 5.000% | 2,500,000 | 2,696,977 | |
City of Chicago Waterworks | ||||
Refunding Revenue Bonds | ||||
2nd Lien | ||||
Series 2016 | ||||
11/01/2025 | 5.000% | 2,000,000 | 2,155,883 | |
11/01/2027 | 5.000% | 3,750,000 | 4,133,061 | |
Revenue Bonds | ||||
2nd Lien | ||||
Junior Subordinated Series 2016A-1 | ||||
11/01/2027 | 5.000% | 1,000,000 | 1,102,150 | |
11/01/2029 | 5.000% | 1,000,000 | 1,096,362 | |
Series 2016A-1 | ||||
11/01/2028 | 5.000% | 1,000,000 | 1,099,474 | |
City of Springfield Electric | ||||
Refunding Revenue Bonds | ||||
Senior Lien | ||||
Series 2015 | ||||
03/01/2028 | 5.000% | 1,000,000 | 1,058,902 | |
03/01/2029 | 5.000% | 1,000,000 | 1,058,343 | |
Cook County Community Consolidated School District No. 65 Evanston(f) | ||||
Unlimited General Obligation Bonds | ||||
Limited Tax | ||||
Series 2014 | ||||
12/01/2027 | 0.000% | 300,000 | 243,087 | |
12/01/2029 | 0.000% | 400,000 | 293,281 | |
12/01/2030 | 0.000% | 1,130,000 | 789,151 | |
12/01/2031 | 0.000% | 1,500,000 | 993,781 | |
Cook County School District No. 144 Prairie Hills(f) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation | ||||
Series 2011C (AGM) | ||||
12/01/2028 | 0.000% | 2,830,000 | 2,215,347 | |
12/01/2029 | 0.000% | 2,580,000 | 1,930,765 | |
Cook County School District No. 83 Mannheim | ||||
Unlimited General Obligation Bonds | ||||
School | ||||
Series 2013 | ||||
06/01/2033 | 5.625% | 2,980,000 | 3,512,001 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Cook County Township High School District No. 220 Reavis | ||||
Prerefunded 12/01/23 Limited General Obligation Bonds | ||||
School | ||||
Series 2013 | ||||
12/01/2030 | 6.000% | 1,000,000 | 1,056,865 | |
Series 2013 (BAM) | ||||
12/01/2031 | 6.000% | 2,035,000 | 2,150,721 | |
12/01/2032 | 6.000% | 2,160,000 | 2,282,829 | |
06/01/2033 | 6.000% | 2,235,000 | 2,362,094 | |
County of Cook | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2013B (BAM) | ||||
11/15/2023 | 5.000% | 1,000,000 | 1,041,448 | |
Series 2016A | ||||
11/15/2028 | 5.000% | 3,150,000 | 3,431,790 | |
11/15/2031 | 5.000% | 2,750,000 | 2,980,186 | |
County of Cook Sales Tax | ||||
Refunding Revenue Bonds | ||||
Series 2018 | ||||
11/15/2035 | 5.250% | 1,520,000 | 1,705,518 | |
11/15/2036 | 5.250% | 3,000,000 | 3,366,154 | |
Illinois Finance Authority | ||||
Improvement Refunding Bonds | ||||
Chicago International | ||||
Series 2017 | ||||
12/01/2037 | 5.000% | 1,000,000 | 1,038,332 | |
12/01/2047 | 5.000% | 1,000,000 | 1,023,361 | |
Prerefunded 01/01/27 Revenue Bonds | ||||
Edward-Elmhurst Healthcare | ||||
Series 2017 | ||||
01/01/2036 | 5.000% | 2,000,000 | 2,211,448 | |
Prerefunded 01/01/28 Revenue Bonds | ||||
Edward-Elmhurst Healthcare | ||||
Series 2018 | ||||
01/01/2044 | 5.000% | 5,000,000 | 5,613,729 | |
Prerefunded 05/15/25 Revenue Bonds | ||||
Plymouth Place | ||||
Series 2015 | ||||
05/15/2030 | 5.000% | 1,000,000 | 1,068,085 | |
Refunding Revenue Bonds | ||||
Lifespace Communities | ||||
Series 2015 | ||||
05/15/2023 | 5.000% | 445,000 | 453,619 | |
OSF Healthcare System | ||||
Series 2015A | ||||
11/15/2026 | 5.000% | 1,000,000 | 1,074,501 | |
11/15/2027 | 5.000% | 500,000 | 535,683 | |
Plymouth Place | ||||
Series 2015 Escrowed to Maturity | ||||
05/15/2025 | 5.000% | 820,000 | 852,437 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 15 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Rush University Medical Center | ||||
Series 2015A | ||||
11/15/2032 | 5.000% | 10,000,000 | 10,599,340 | |
Series 2018A | ||||
05/15/2043 | 5.000% | 5,000,000 | 5,414,693 | |
Revenue Bonds | ||||
University of Illinois at Urbana-Champaign Project | ||||
Series 2019 | ||||
10/01/2049 | 5.000% | 1,250,000 | 1,367,388 | |
Illinois Municipal Electric Agency | ||||
Refunding Revenue Bonds | ||||
Series 2015A | ||||
02/01/2030 | 5.000% | 12,060,000 | 12,853,959 | |
Illinois State Toll Highway Authority | ||||
Refunding Revenue Bonds | ||||
Series 2016A | ||||
12/01/2032 | 5.000% | 7,790,000 | 8,363,326 | |
Series 2019A | ||||
01/01/2031 | 5.000% | 500,000 | 559,978 | |
Revenue Bonds | ||||
Series 2013A | ||||
01/01/2028 | 5.000% | 1,000,000 | 1,017,990 | |
01/01/2029 | 5.000% | 1,000,000 | 1,017,525 | |
Series 2014C | ||||
01/01/2032 | 5.000% | 9,600,000 | 10,146,549 | |
Series 2015B | ||||
01/01/2030 | 5.000% | 1,000,000 | 1,077,207 | |
Unrefunded Revenue Bonds | ||||
Series 2016A | ||||
12/01/2031 | 4.000% | 5,000,000 | 5,179,555 | |
Kane & DeKalb Counties Community Unit School District No. 302 Kaneland(f) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation | ||||
Series 2004 (NPFGC) | ||||
02/01/2023 | 0.000% | 5,450,000 | 5,343,759 | |
Kane Cook & DuPage Counties School District No. U-46 Elgin | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2015D | ||||
01/01/2032 | 5.000% | 1,800,000 | 1,863,069 | |
01/01/2033 | 5.000% | 2,000,000 | 2,069,087 | |
Kane Cook & DuPage Counties School District No. U-46 Elgin(f) | ||||
Unrefunded Unlimited General Obligation Bonds | ||||
Series 2003B (AMBAC) | ||||
01/01/2023 | 0.000% | 650,000 | 640,922 | |
Kane McHenry Cook & De Kalb Counties Unit School District No. 300 | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2013 | ||||
01/01/2033 | 5.250% | 900,000 | 917,538 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2015 | ||||
01/01/2023 | 5.000% | 1,000,000 | 1,020,653 | |
01/01/2024 | 5.000% | 1,000,000 | 1,043,000 | |
01/01/2026 | 5.000% | 4,000,000 | 4,261,660 | |
Metropolitan Pier & Exposition Authority(f) | ||||
Refunding Revenue Bonds | ||||
Capital Appreciation - McCormick Place Expansion Project | ||||
Series 1996A (NPFGC) | ||||
06/15/2024 | 0.000% | 1,000,000 | 930,638 | |
Revenue Bonds | ||||
McCormick Place Expansion | ||||
Series 2002 Escrowed to Maturity (NPFGC) | ||||
12/15/2023 | 0.000% | 20,000 | 19,213 | |
Series 2002A (NPFGC) | ||||
12/15/2023 | 0.000% | 835,000 | 792,467 | |
Metropolitan Pier & Exposition Authority | ||||
Refunding Revenue Bonds | ||||
McCormick Place Expansion | ||||
Series 2002 (NPFGC) | ||||
06/15/2023 | 5.700% | 1,820,000 | 1,888,296 | |
Revenue Bonds | ||||
McCormick Place Expansion | ||||
Series 2002 Escrowed to Maturity (NPFGC) | ||||
06/15/2023 | 5.700% | 1,710,000 | 1,774,997 | |
Railsplitter Tobacco Settlement Authority | ||||
Revenue Bonds | ||||
Series 2017 | ||||
06/01/2027 | 5.000% | 4,185,000 | 4,473,614 | |
Sales Tax Securitization Corp. | ||||
Refunding Revenue Bonds | ||||
Sales Tax Securitization | ||||
Series 2017 | ||||
01/01/2029 | 5.000% | 1,000,000 | 1,095,640 | |
01/01/2030 | 5.000% | 1,450,000 | 1,584,355 | |
Senior Lien | ||||
Series 2020A | ||||
01/01/2030 | 5.000% | 2,000,000 | 2,233,178 | |
Series 2018A | ||||
01/01/2031 | 5.000% | 2,000,000 | 2,179,655 | |
Series 2018C | ||||
01/01/2043 | 5.250% | 5,000,000 | 5,461,153 | |
South Suburban College Community School District No. 510(f) | ||||
Limited General Obligation Bonds | ||||
Capital Appreciation - Limited Tax | ||||
Series 2009 (AGM) | ||||
12/01/2025 | 0.000% | 1,000,000 | 893,782 | |
Southern Illinois University | ||||
Refunding Revenue Bonds | ||||
Housing & Auxiliary Facilities | ||||
Series 2015 (BAM) | ||||
04/01/2026 | 5.000% | 1,175,000 | 1,247,671 |
16 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Southwestern Illinois Development Authority | ||||
Revenue Bonds | ||||
Local Government - Southwestern Illinois Flood Prevention District Council Project | ||||
Subordinated Series 2016 | ||||
10/15/2029 | 5.000% | 1,780,000 | 1,912,268 | |
10/15/2032 | 5.000% | 1,335,000 | 1,432,834 | |
State of Illinois | ||||
Revenue Bonds | ||||
Junior Obligations | ||||
Series 2018B | ||||
06/15/2034 | 5.000% | 5,000,000 | 5,305,870 | |
Unlimited General Obligation Bonds | ||||
Series 2013 | ||||
07/01/2026 | 5.500% | 10,100,000 | 10,415,116 | |
Series 2013A | ||||
04/01/2024 | 5.000% | 500,000 | 510,274 | |
Series 2013A (AGM) | ||||
04/01/2028 | 5.000% | 3,205,000 | 3,290,736 | |
Series 2014 | ||||
02/01/2031 | 5.250% | 5,000,000 | 5,142,046 | |
Series 2016 | ||||
06/01/2026 | 5.000% | 5,000,000 | 5,337,437 | |
11/01/2030 | 5.000% | 1,000,000 | 1,054,619 | |
Series 2019B | ||||
11/01/2034 | 4.000% | 5,000,000 | 4,866,307 | |
Series 2020 | ||||
05/01/2039 | 5.500% | 4,000,000 | 4,351,730 | |
05/01/2045 | 5.750% | 2,000,000 | 2,193,125 | |
Series 2020C | ||||
05/01/2030 | 5.500% | 1,500,000 | 1,672,694 | |
Series 2021A | ||||
03/01/2035 | 5.000% | 750,000 | 799,858 | |
03/01/2036 | 5.000% | 500,000 | 532,599 | |
03/01/2038 | 4.000% | 3,000,000 | 2,829,237 | |
Unlimited General Obligation Refunding Bonds | ||||
Series 2016 | ||||
02/01/2026 | 5.000% | 7,000,000 | 7,446,057 | |
Series 2018A | ||||
10/01/2029 | 5.000% | 2,400,000 | 2,593,615 | |
Series 2018B | ||||
10/01/2027 | 5.000% | 2,300,000 | 2,480,421 | |
10/01/2029 | 5.000% | 5,000,000 | 5,403,364 | |
Will County Community High School District No. 210 Lincoln-Way | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2013A | ||||
01/01/2027 | 5.000% | 1,250,000 | 1,267,533 | |
01/01/2030 | 5.000% | 2,000,000 | 2,025,557 | |
Series 2020 (AGM) | ||||
01/01/2034 | 4.000% | 650,000 | 667,972 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Will County Community Unit School District No. 201-U Crete-Monee(f) | ||||
Unlimited General Obligation Bonds | ||||
Series 2004 Escrowed to Maturity (NPFGC) | ||||
11/01/2022 | 0.000% | 10,000 | 9,916 | |
Will County School District No. 114 Manhattan(f) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation | ||||
Series 2005 (NPFGC) | ||||
12/01/2023 | 0.000% | 1,285,000 | 1,223,975 | |
Will Grundy Etc. Counties Community College District No. 525 | ||||
Prerefunded 12/01/23 Unlimited General Obligation Bonds | ||||
Alternative Revenue Source | ||||
Series 2013 | ||||
06/01/2036 | 5.250% | 3,400,000 | 3,560,550 | |
Winnebago & Boone Counties School District No. 205 Rockford | ||||
Prerefunded 02/01/23 Unlimited General Obligation Bonds | ||||
Series 2013 | ||||
02/01/2027 | 4.000% | 4,680,000 | 4,754,575 | |
Total | 341,974,442 | |||
Indiana 1.1% | ||||
City of Indianapolis Thermal Energy System | ||||
Refunding Revenue Bonds | ||||
1st Lien | ||||
Series 2014A | ||||
10/01/2032 | 5.000% | 1,400,000 | 1,481,491 | |
City of Rockport | ||||
Refunding Revenue Bonds | ||||
Power Company Project | ||||
Series 2018A | ||||
06/01/2025 | 3.050% | 2,100,000 | 2,108,419 | |
City of Whiting(b) | ||||
Refunding Revenue Bonds | ||||
BP Products North America | ||||
Series 2019 (Mandatory Put 06/05/26) | ||||
12/01/2044 | 5.000% | 3,800,000 | 4,048,094 | |
Franklin Township-Marion County Multiple School Building Corp. | ||||
Prerefunded 01/15/23 Revenue Bonds | ||||
1st Mortgage | ||||
Series 2012B | ||||
07/15/2029 | 5.000% | 2,565,000 | 2,621,614 | |
Indiana Bond Bank(e) | ||||
Revenue Bonds | ||||
BMA Index | ||||
Series 2007B-2 | ||||
Muni Swap Index Yield + 0.660% 10/15/2022 | 1.100% | 1,650,000 | 1,646,296 | |
Indiana Finance Authority | ||||
Revenue Bonds | ||||
BHI Senior Living | ||||
Series 2016A | ||||
11/15/2046 | 5.250% | 2,500,000 | 2,579,178 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 17 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2018 | ||||
11/15/2038 | 5.000% | 2,000,000 | 2,081,287 | |
Ohio Valley Electric Corp. Project | ||||
Series 2020 | ||||
11/01/2030 | 3.000% | 2,000,000 | 1,792,670 | |
11/01/2030 | 3.000% | 1,000,000 | 896,335 | |
Steuben Lakes Regional Waste District | ||||
Prerefunded 09/01/23 Revenue Bonds | ||||
Series 2014 | ||||
09/01/2024 | 5.000% | 1,225,000 | 1,270,262 | |
Total | 20,525,646 | |||
Iowa 0.5% | ||||
Iowa Finance Authority | ||||
Revenue Bonds | ||||
Lifespace Communities | ||||
Series 2016 | ||||
05/15/2036 | 5.000% | 4,065,000 | 4,143,643 | |
Lifespace Communities, Inc. | ||||
Series 2018A | ||||
05/15/2043 | 5.000% | 1,000,000 | 1,007,497 | |
Northcrest, Inc. Project | ||||
Series 2018A | ||||
03/01/2048 | 5.000% | 1,250,000 | 1,266,487 | |
PEFA, Inc. | ||||
Revenue Bonds | ||||
Series 2019 (Mandatory Put 09/01/26) | ||||
09/01/2049 | 5.000% | 3,000,000 | 3,165,875 | |
Total | 9,583,502 | |||
Kentucky 1.4% | ||||
Kentucky Asset Liability Commission | ||||
Revenue Bonds | ||||
Project Notes - Federal Highway Trust Fund | ||||
Series 2015 | ||||
09/01/2024 | 5.000% | 1,000,000 | 1,057,081 | |
09/01/2025 | 5.000% | 1,250,000 | 1,347,782 | |
Kentucky Economic Development Finance Authority | ||||
Revenue Bonds | ||||
Baptist Healthcare Systems | ||||
Series 2017B | ||||
08/15/2041 | 5.000% | 3,500,000 | 3,803,937 | |
Kentucky Municipal Power Agency | ||||
Refunding Revenue Bonds | ||||
Series 2015A | ||||
09/01/2029 | 5.000% | 4,000,000 | 4,252,335 | |
Kentucky Public Energy Authority(e) | ||||
Revenue Bonds | ||||
Series 2019A-2 (Mandatory Put 06/01/25) | ||||
0.7 x 1-month USD LIBOR + 1.120% 12/01/2049 | 1.424% | 7,000,000 | 6,946,747 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Louisville/Jefferson County Metropolitan Government | ||||
Refunding Revenue Bonds | ||||
Norton Healthcare, Inc. | ||||
Series 2016 | ||||
10/01/2030 | 5.000% | 1,300,000 | 1,415,968 | |
10/01/2031 | 5.000% | 3,500,000 | 3,809,190 | |
Paducah Electric Plant Board | ||||
Refunding Revenue Bonds | ||||
Series 2016A (AGM) | ||||
10/01/2027 | 5.000% | 2,000,000 | 2,199,324 | |
10/01/2028 | 5.000% | 1,850,000 | 2,031,135 | |
Total | 26,863,499 | |||
Louisiana 0.3% | ||||
City of Bossier City Utilities | ||||
Prerefunded 10/01/24 Revenue Bonds | ||||
Series 2014 | ||||
10/01/2031 | 5.000% | 1,160,000 | 1,231,443 | |
City of Shreveport Water & Sewer | ||||
Refunding Revenue Bonds | ||||
Series 2014A (BAM) | ||||
12/01/2025 | 4.000% | 2,210,000 | 2,292,303 | |
Louisiana Public Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Ochsner Clinic Foundation Project | ||||
Series 2017 | ||||
05/15/2042 | 5.000% | 2,500,000 | 2,700,509 | |
Total | 6,224,255 | |||
Maine 0.2% | ||||
Maine Health & Higher Educational Facilities Authority | ||||
Revenue Bonds | ||||
Main Health Services | ||||
Series 2018A | ||||
07/01/2043 | 5.000% | 3,500,000 | 3,842,326 | |
Maryland 0.9% | ||||
County of Anne Arundel | ||||
Limited General Obligation Bonds | ||||
Consolidated General Improvements | ||||
Series 2019 | ||||
10/01/2031 | 5.000% | 3,500,000 | 4,025,251 | |
Maryland Economic Development Corp. | ||||
Tax Allocation Bonds | ||||
Port Covington Project | ||||
Series 2020 | ||||
09/01/2030 | 3.250% | 500,000 | 465,766 | |
Maryland Health & Higher Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Meritus Medical Center Issue | ||||
Series 2015 | ||||
07/01/2028 | 5.000% | 1,300,000 | 1,389,733 |
18 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
State of Maryland | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2017B | ||||
08/01/2026 | 5.000% | 10,000,000 | 11,023,915 | |
Total | 16,904,665 | |||
Massachusetts 2.7% | ||||
Commonwealth of Massachusetts | ||||
Limited General Obligation Bonds | ||||
Series 2018A | ||||
01/01/2035 | 5.000% | 10,000,000 | 11,022,799 | |
Series 2019A | ||||
01/01/2037 | 5.000% | 850,000 | 948,612 | |
Massachusetts Bay Transportation Authority(f) | ||||
Refunding Revenue Bonds | ||||
Series 2016A | ||||
07/01/2029 | 0.000% | 3,500,000 | 2,788,530 | |
Massachusetts Bay Transportation Authority Sales Tax | ||||
Revenue Bonds | ||||
Sustainability Bonds | ||||
Subordinated Series 2017 | ||||
07/01/2046 | 5.000% | 4,465,000 | 4,844,083 | |
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
Emerson College | ||||
Series 2017A | ||||
01/01/2034 | 5.000% | 1,000,000 | 1,072,140 | |
Foxborough Regional Charter | ||||
Series 2017 | ||||
07/01/2037 | 5.000% | 1,400,000 | 1,431,136 | |
Lahey Clinic Obligation | ||||
Series 2015F | ||||
08/15/2031 | 5.000% | 2,490,000 | 2,620,490 | |
08/15/2032 | 5.000% | 4,120,000 | 4,333,287 | |
08/15/2033 | 5.000% | 3,000,000 | 3,152,443 | |
Series 2019A | ||||
07/01/2029 | 5.000% | 750,000 | 826,657 | |
07/01/2031 | 5.000% | 2,000,000 | 2,191,643 | |
Simmons University | ||||
Series 2018L | ||||
10/01/2034 | 5.000% | 2,390,000 | 2,589,189 | |
10/01/2035 | 5.000% | 2,000,000 | 2,164,553 | |
Revenue Bonds | ||||
UMass Boston Student Housing Project | ||||
Series 2016 | ||||
10/01/2032 | 5.000% | 1,300,000 | 1,340,904 | |
10/01/2036 | 5.000% | 4,600,000 | 4,735,405 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Massachusetts Development Finance Agency(a) | ||||
Refunding Revenue Bonds | ||||
Newbridge Charles, Inc. | ||||
Series 2017 | ||||
10/01/2032 | 4.000% | 2,000,000 | 2,108,020 | |
10/01/2037 | 5.000% | 500,000 | 529,572 | |
10/01/2047 | 5.000% | 500,000 | 529,031 | |
Revenue Bonds | ||||
Linden Ponds, Inc. Facility | ||||
Series 2018 | ||||
11/15/2033 | 5.000% | 975,000 | 1,046,360 | |
Massachusetts Health & Educational Facilities Authority | ||||
Revenue Bonds | ||||
Boston College | ||||
Series 2008M-1 | ||||
06/01/2024 | 5.500% | 2,670,000 | 2,832,141 | |
Total | 53,106,995 | |||
Michigan 2.6% | ||||
City of Detroit | ||||
Unlimited General Obligation Bonds | ||||
Social Bonds | ||||
Series 2021A | ||||
04/01/2038 | 5.000% | 750,000 | 787,612 | |
04/01/2039 | 5.000% | 600,000 | 628,980 | |
Dundee Community Schools | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2015 | ||||
05/01/2025 | 5.000% | 1,000,000 | 1,071,131 | |
Fraser Public School District | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2015 | ||||
05/01/2025 | 5.000% | 1,700,000 | 1,824,484 | |
Great Lakes Water Authority Sewage Disposal System | ||||
Refunding Revenue Bonds | ||||
Senior Lien | ||||
Series 2018B | ||||
07/01/2029 | 5.000% | 3,600,000 | 4,041,337 | |
Marshall Public Schools | ||||
Unlimited General Obligation Refunding Bonds | ||||
Marshall Public School District | ||||
Series 2015 | ||||
11/01/2028 | 4.000% | 1,380,000 | 1,430,512 | |
11/01/2029 | 4.000% | 940,000 | 973,858 | |
Michigan Finance Authority | ||||
Refunding Revenue Bonds | ||||
Henry Ford Health System | ||||
Series 2016 | ||||
11/15/2041 | 5.000% | 1,000,000 | 1,076,234 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 19 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Local Government Loan Program - Great Lakes Water Authority | ||||
Series 2015 | ||||
07/01/2029 | 5.000% | 950,000 | 1,009,931 | |
07/01/2032 | 5.000% | 1,500,000 | 1,590,897 | |
07/01/2034 | 5.000% | 500,000 | 532,010 | |
Senior Lien - Great Lakes Water Authority | ||||
Series 2014C-6 | ||||
07/01/2033 | 5.000% | 800,000 | 832,215 | |
Series 2014H-1 | ||||
10/01/2026 | 5.000% | 3,300,000 | 3,497,659 | |
Trinity Health Corp. | ||||
Series 2017 | ||||
12/01/2035 | 5.000% | 1,000,000 | 1,091,083 | |
Revenue Bonds | ||||
Local Government Loan Program - Great Lakes Water Authority | ||||
Series 2015 | ||||
07/01/2026 | 5.000% | 175,000 | 188,125 | |
07/01/2027 | 5.000% | 600,000 | 643,864 | |
07/01/2033 | 5.000% | 5,000,000 | 5,323,218 | |
Multimodal-McLaren Health Care | ||||
Series 2019 | ||||
02/15/2044 | 4.000% | 4,000,000 | 3,940,848 | |
Senior Lien - Great Lakes Water Authority | ||||
Series 2014 (AGM) | ||||
07/01/2029 | 5.000% | 1,500,000 | 1,579,071 | |
07/01/2030 | 5.000% | 1,500,000 | 1,577,127 | |
Series 2014C-3 (AGM) | ||||
07/01/2032 | 5.000% | 1,000,000 | 1,046,254 | |
Michigan Strategic Fund(b) | ||||
Revenue Bonds | ||||
I-75 Improvement Project | ||||
Series 2018 | ||||
12/31/2043 | 5.000% | 3,400,000 | 3,481,867 | |
Royal Oak Hospital Finance Authority | ||||
Refunding Revenue Bonds | ||||
William Beaumont Hospital | ||||
Series 2014D | ||||
09/01/2032 | 5.000% | 4,075,000 | 4,237,535 | |
Wayne County Airport Authority(b) | ||||
Refunding Revenue Bonds | ||||
Series 2015F | ||||
12/01/2026 | 5.000% | 3,000,000 | 3,194,394 | |
Wayne County Airport Authority | ||||
Revenue Bonds | ||||
Detroit Metro | ||||
Series 2018 | ||||
12/01/2036 | 5.000% | 3,205,000 | 3,502,305 | |
Series 2015D | ||||
12/01/2030 | 5.000% | 1,250,000 | 1,335,787 | |
Total | 50,438,338 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Minnesota 1.0% | ||||
City of Maple Grove | ||||
Refunding Revenue Bonds | ||||
Maple Grove Hospital Corp. | ||||
Series 2017 | ||||
05/01/2029 | 5.000% | 2,720,000 | 2,979,924 | |
City of St. Cloud | ||||
Refunding Revenue Bonds | ||||
CentraCare Health System | ||||
Series 2016A | ||||
05/01/2027 | 5.000% | 1,785,000 | 1,929,554 | |
Duluth Economic Development Authority | ||||
Refunding Revenue Bonds | ||||
Essentia Health Obligation Group | ||||
Series 2018 | ||||
02/15/2043 | 5.000% | 1,000,000 | 1,089,040 | |
Revenue Bonds | ||||
Benedictine Health System | ||||
Series 2021 | ||||
07/01/2036 | 4.000% | 3,000,000 | 2,790,350 | |
Housing & Redevelopment Authority of The City of St. Paul | ||||
Refunding Revenue Bonds | ||||
Fairview Health Services | ||||
Series 2017 | ||||
11/15/2029 | 5.000% | 1,050,000 | 1,146,813 | |
HealthPartners Obligation Group | ||||
Series 2015 | ||||
07/01/2028 | 5.000% | 6,400,000 | 6,823,710 | |
Minnesota Housing Finance Agency | ||||
Revenue Bonds | ||||
Series 2012A (GNMA) | ||||
09/01/2042 | 2.600% | 289,446 | 289,176 | |
Watertown-Mayer Independent School District No. 111(f) | ||||
Unlimited General Obligation Bonds | ||||
Series 2020A | ||||
02/01/2030 | 0.000% | 2,475,000 | 1,929,415 | |
Woodbury Housing & Redevelopment Authority | ||||
Revenue Bonds | ||||
St. Therese of Woodbury | ||||
Series 2014 | ||||
12/01/2034 | 5.000% | 1,000,000 | 980,758 | |
Total | 19,958,740 | |||
Mississippi 0.8% | ||||
County of Warren | ||||
Refunding Revenue Bonds | ||||
International Paper Co. Project | ||||
Series 2020 (Mandatory Put 06/16/25) | ||||
05/01/2034 | 1.375% | 1,625,000 | 1,541,455 |
20 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Mississippi Business Finance Corp. | ||||
Refunding Revenue Bonds | ||||
Pollution Control Project | ||||
Series 2019 | ||||
09/01/2028 | 3.200% | 4,000,000 | 4,034,206 | |
Mississippi Hospital Equipment & Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Forrest County General Hospital Project | ||||
Series 2019 | ||||
01/01/2039 | 4.000% | 1,500,000 | 1,506,814 | |
01/01/2040 | 4.000% | 1,100,000 | 1,103,330 | |
State of Mississippi | ||||
Revenue Bonds | ||||
Series 2015E | ||||
10/15/2029 | 5.000% | 3,500,000 | 3,748,514 | |
State of Mississippi Gaming Tax | ||||
Revenue Bonds | ||||
Series 2019A | ||||
10/15/2036 | 5.000% | 3,395,000 | 3,781,870 | |
Total | 15,716,189 | |||
Missouri 2.4% | ||||
Bi-State Development Agency of the Missouri-Illinois Metropolitan District | ||||
Prerefunded 10/01/22 Revenue Bonds | ||||
Combined Lien | ||||
Series 2013A | ||||
10/01/2033 | 5.000% | 4,000,000 | 4,057,747 | |
Health & Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Mosaic Health System | ||||
Series 2019 | ||||
02/15/2044 | 4.000% | 2,000,000 | 1,947,915 | |
02/15/2049 | 4.000% | 2,500,000 | 2,389,948 | |
Health & Educational Facilities Authority of the State of Missouri | ||||
Refunding Revenue Bonds | ||||
CoxHealth | ||||
Series 2015A | ||||
11/15/2028 | 5.000% | 6,210,000 | 6,685,674 | |
Lutheran Senior Service Projects | ||||
Series 2019 | ||||
02/01/2048 | 4.000% | 2,750,000 | 2,533,580 | |
St. Luke’s Health Systems, Inc. | ||||
Series 2016 | ||||
11/15/2034 | 5.000% | 3,000,000 | 3,233,022 | |
Revenue Bonds | ||||
Lutheran Senior Service Projects | ||||
Series 2019 | ||||
02/01/2042 | 5.000% | 3,000,000 | 3,157,148 | |
Lutheran Senior Services | ||||
Series 2014 | ||||
02/01/2026 | 5.000% | 1,300,000 | 1,339,331 | |
02/01/2029 | 5.000% | 5,975,000 | 6,130,175 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Kansas City Industrial Development Authority(b) | ||||
Revenue Bonds | ||||
Kansas City International Airport | ||||
Series 2019 | ||||
03/01/2046 | 5.000% | 2,000,000 | 2,107,198 | |
Series 2019 (AGM) | ||||
03/01/2035 | 5.000% | 3,000,000 | 3,212,075 | |
Kirkwood Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Aberdeen Heights Project | ||||
Series 2017 | ||||
05/15/2037 | 5.250% | 2,695,000 | 2,721,023 | |
Lee’s Summit Industrial Development Authority | ||||
Revenue Bonds | ||||
John Knox Village Project | ||||
Series 2016A | ||||
08/15/2036 | 5.000% | 1,100,000 | 1,126,733 | |
08/15/2051 | 5.000% | 2,405,000 | 2,430,669 | |
Missouri Joint Municipal Electric Utility Commission | ||||
Refunding Revenue Bonds | ||||
Prairie State Project | ||||
Series 2015A | ||||
12/01/2029 | 5.000% | 2,000,000 | 2,124,445 | |
St. Louis County Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Friendship Village St. Louis | ||||
Series 2017 | ||||
09/01/2048 | 5.000% | 1,000,000 | 1,003,641 | |
St. Andrew’s Resources for Seniors Obligated Group | ||||
Series 2015 | ||||
12/01/2025 | 5.000% | 825,000 | 846,626 | |
Total | 47,046,950 | |||
Nebraska 0.7% | ||||
Public Power Generation Agency | ||||
Refunding Revenue Bonds | ||||
Whelan Energy Center Unit | ||||
Series 2015 | ||||
01/01/2027 | 5.000% | 11,865,000 | 12,596,995 | |
Nevada 0.5% | ||||
City of Carson City | ||||
Refunding Revenue Bonds | ||||
Carson Tahoe Regional Medical Center | ||||
Series 2017 | ||||
09/01/2031 | 5.000% | 1,000,000 | 1,076,166 | |
09/01/2033 | 5.000% | 1,000,000 | 1,072,640 | |
City of North Las Vegas | ||||
Limited General Obligation Refunding Bonds | ||||
Building | ||||
Series 2018 (AGM) | ||||
06/01/2023 | 5.000% | 1,000,000 | 1,028,648 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 21 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
County of Clark Department of Aviation | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2017A-2 | ||||
07/01/2040 | 5.000% | 4,000,000 | 4,325,396 | |
System - Lien | ||||
Subordinated Series 2014 (AGM) | ||||
07/01/2029 | 5.000% | 1,200,000 | 1,254,733 | |
07/01/2030 | 5.000% | 1,000,000 | 1,044,111 | |
State of Nevada Department of Business & Industry(a) | ||||
Revenue Bonds | ||||
Somerset Academy | ||||
Series 2018A | ||||
12/15/2029 | 4.500% | 560,000 | 569,697 | |
Total | 10,371,391 | |||
New Hampshire 0.3% | ||||
New Hampshire Business Finance Authority | ||||
Refunding Revenue Bonds | ||||
Springpoint Senior Living | ||||
Series 2021 | ||||
01/01/2027 | 4.000% | 245,000 | 250,217 | |
01/01/2028 | 4.000% | 285,000 | 290,049 | |
01/01/2029 | 4.000% | 295,000 | 298,778 | |
01/01/2030 | 4.000% | 280,000 | 281,780 | |
01/01/2031 | 4.000% | 290,000 | 290,493 | |
New Hampshire Business Finance Authority(b) | ||||
Refunding Revenue Bonds | ||||
Waste Management, Inc. Project | ||||
Series 2019 (Mandatory Put 07/01/24) | ||||
07/01/2027 | 2.150% | 4,000,000 | 3,904,730 | |
Total | 5,316,047 | |||
New Jersey 3.7% | ||||
Hudson County Improvement Authority | ||||
Refunding Revenue Bonds | ||||
Hudson County Lease Project | ||||
Series 2010 (AGM) | ||||
10/01/2024 | 5.375% | 2,000,000 | 2,136,767 | |
New Jersey Economic Development Authority | ||||
Prerefunded 12/15/26 Revenue Bonds | ||||
Series 2016BBB | ||||
06/15/2030 | 5.500% | 2,500,000 | 2,822,363 | |
Revenue Bonds | ||||
Self-Designated Social Bonds | ||||
Series 2021 | ||||
06/15/2025 | 5.000% | 400,000 | 424,483 | |
Transportation Project | ||||
Series 2020 | ||||
11/01/2036 | 5.000% | 5,000,000 | 5,359,203 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
New Jersey Transportation Trust Fund Authority(f) | ||||
Capital Appreciation Revenue Bonds | ||||
Transportation System | ||||
Series 2006C (AGM) | ||||
12/15/2029 | 0.000% | 3,060,000 | 2,336,303 | |
Revenue Bonds | ||||
Capital Appreciation - Transportation System | ||||
Series 2006C | ||||
12/15/2024 | 0.000% | 440,000 | 409,529 | |
New Jersey Transportation Trust Fund Authority | ||||
Refunding Revenue Bonds | ||||
Federal Highway Reimbursement | ||||
Series 2018 | ||||
06/15/2030 | 5.000% | 1,000,000 | 1,067,212 | |
06/15/2031 | 5.000% | 1,000,000 | 1,062,550 | |
Series 2022AA | ||||
06/15/2038 | 5.000% | 1,000,000 | 1,071,396 | |
Transportation System | ||||
Series 2018A | ||||
12/15/2034 | 5.000% | 1,500,000 | 1,607,280 | |
Series 2019 | ||||
12/15/2033 | 5.000% | 3,000,000 | 3,247,909 | |
Revenue Bonds | ||||
Series 2019BB | ||||
06/15/2036 | 4.000% | 1,000,000 | 983,586 | |
06/15/2044 | 4.000% | 2,500,000 | 2,381,810 | |
06/15/2050 | 4.000% | 3,500,000 | 3,255,632 | |
Series 2020AA | ||||
06/15/2038 | 4.000% | 1,000,000 | 977,324 | |
Transportation Program | ||||
Series 2019 | ||||
06/15/2037 | 5.000% | 4,465,000 | 4,758,254 | |
Transportation System | ||||
Series 2006A (AGM) | ||||
12/15/2022 | 5.250% | 4,000,000 | 4,085,846 | |
Series 2010D | ||||
12/15/2023 | 5.250% | 240,000 | 249,803 | |
Series 2013AA (BAM) | ||||
06/15/2033 | 5.250% | 5,635,000 | 5,797,181 | |
Series 2014D | ||||
06/15/2032 | 5.000% | 5,000,000 | 5,214,334 | |
New Jersey Turnpike Authority | ||||
Refunding Revenue Bonds | ||||
Series 2017E | ||||
01/01/2029 | 5.000% | 1,500,000 | 1,658,206 | |
Series 2017G | ||||
01/01/2035 | 5.000% | 6,000,000 | 6,558,143 | |
Revenue Bonds | ||||
Series 2015E | ||||
01/01/2031 | 5.000% | 500,000 | 527,149 |
22 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
State of New Jersey | ||||
Unlimited General Obligation Bonds | ||||
COVID-19 Emergency Bonds | ||||
Series 2020 | ||||
06/01/2030 | 4.000% | 2,000,000 | 2,092,775 | |
Tobacco Settlement Financing Corp. | ||||
Refunding Revenue Bonds | ||||
Series 2018A | ||||
06/01/2031 | 5.000% | 2,750,000 | 2,953,306 | |
06/01/2032 | 5.000% | 2,000,000 | 2,144,190 | |
06/01/2033 | 5.000% | 1,500,000 | 1,605,117 | |
06/01/2034 | 5.000% | 2,000,000 | 2,138,054 | |
06/01/2046 | 5.250% | 2,440,000 | 2,605,753 | |
Total | 71,531,458 | |||
New Mexico 0.3% | ||||
City of Santa Fe | ||||
Revenue Bonds | ||||
El Castillo Retirement Project | ||||
Series 2019 | ||||
05/15/2025 | 2.625% | 750,000 | 738,049 | |
05/15/2044 | 5.000% | 1,350,000 | 1,379,671 | |
County of Bernalillo | ||||
Refunding Revenue Bonds | ||||
Series 1998 | ||||
04/01/2027 | 5.250% | 2,615,000 | 2,814,269 | |
New Mexico Hospital Equipment Loan Council | ||||
Revenue Bonds | ||||
La Vida Expansion Project | ||||
Series 2019 | ||||
07/01/2024 | 2.375% | 550,000 | 538,337 | |
Total | 5,470,326 | |||
New York 5.2% | ||||
Buffalo & Erie County Industrial Land Development Corp. | ||||
Refunding Revenue Bonds | ||||
Charter School For Applied Technologies Project | ||||
Series 2017 | ||||
06/01/2035 | 5.000% | 1,000,000 | 1,046,078 | |
Revenue Bonds | ||||
Catholic Health System | ||||
Series 2015 | ||||
07/01/2025 | 5.000% | 1,000,000 | 1,029,488 | |
Tapestry-Charter School Project | ||||
Series 2017 | ||||
08/01/2037 | 5.000% | 1,300,000 | 1,336,089 | |
08/01/2047 | 5.000% | 1,000,000 | 1,013,265 | |
City of New York | ||||
Unlimited General Obligation Bonds | ||||
Series 2018E-1 | ||||
03/01/2034 | 5.250% | 3,000,000 | 3,339,068 | |
03/01/2035 | 5.250% | 2,500,000 | 2,774,137 | |
03/01/2037 | 5.000% | 1,120,000 | 1,214,530 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
County of Nassau | ||||
Prerefunded 04/01/24 Limited General Obligation Bonds | ||||
Series 2014A | ||||
04/01/2027 | 5.000% | 8,000,000 | 8,401,222 | |
Hudson Yards Infrastructure Corp. | ||||
Refunding Revenue Bonds | ||||
Series 2017A | ||||
02/15/2034 | 5.000% | 5,000,000 | 5,466,912 | |
Long Island Power Authority(e) | ||||
Refunding Revenue Bonds | ||||
LIBOR Floating Rate Tender Notes | ||||
Series 2018C (Mandatory Put 10/01/23) | ||||
0.7 x 1-month USD LIBOR + 0.750% 05/01/2033 | 1.068% | 5,000,000 | 4,975,580 | |
Metropolitan Transportation Authority | ||||
Refunding Revenue Bonds | ||||
Green Bonds | ||||
Series 2017C-1 | ||||
11/15/2034 | 5.000% | 1,815,000 | 1,925,629 | |
Transportation | ||||
Subordinated Series 2021 (AGM) (Mandatory Put 04/01/24) | ||||
11/01/2032 | 0.737% | 2,250,000 | 2,248,327 | |
Revenue Bonds | ||||
Green Bonds | ||||
Subordinated Series 2019A (Mandatory Put 11/15/24) | ||||
11/15/2048 | 5.000% | 800,000 | 838,623 | |
Series 2016C-1 | ||||
11/15/2036 | 5.000% | 2,325,000 | 2,446,763 | |
Series 2020A-1 | ||||
02/01/2023 | 5.000% | 9,930,000 | 10,105,593 | |
Metropolitan Transportation Authority(e) | ||||
Revenue Bonds | ||||
SIFMA Floating Rate Tender Notes | ||||
Subordinated Series 2017D-2 (Mandatory Put 11/15/22) | ||||
Muni Swap Index Yield + 0.450% 11/15/2044 | 0.890% | 1,000,000 | 1,000,222 | |
New York City Transitional Finance Authority | ||||
Refunding Revenue Bonds | ||||
Future Tax Secured | ||||
Subordinated Series 2015C | ||||
11/01/2026 | 5.000% | 1,000,000 | 1,071,729 | |
Revenue Bonds | ||||
Future Tax Secured | ||||
Subordinated Series 2016B-1 | ||||
08/01/2034 | 5.000% | 4,000,000 | 4,332,243 | |
Subordinated Series 2017F-1 | ||||
05/01/2038 | 5.000% | 4,000,000 | 4,324,948 | |
Subordinated Series 2018 | ||||
08/01/2036 | 5.000% | 5,555,000 | 6,068,343 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 23 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
New York State Dormitory Authority(a) | ||||
Refunding Revenue Bonds | ||||
Garnet Health Medical Center | ||||
Series 2017 | ||||
12/01/2035 | 5.000% | 500,000 | 542,942 | |
Orange Regional Medical Center | ||||
Series 2017 | ||||
12/01/2037 | 5.000% | 500,000 | 542,328 | |
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
Memorial Sloan-Kettering Cancer Center | ||||
Series 2017 | ||||
07/01/2035 | 4.000% | 1,500,000 | 1,518,149 | |
North Shore - Long Island Jewish Obligation Group | ||||
Series 2015A | ||||
05/01/2031 | 5.000% | 9,830,000 | 10,444,443 | |
Series 2018A | ||||
03/15/2037 | 5.250% | 1,695,000 | 1,906,026 | |
Revenue Bonds | ||||
St. John’s University | ||||
Series 2007C (NPFGC) | ||||
07/01/2023 | 5.250% | 3,245,000 | 3,363,911 | |
New York State Urban Development Corp. | ||||
Revenue Bonds | ||||
State Personal Income Tax | ||||
Series 2013C | ||||
03/15/2028 | 5.000% | 1,000,000 | 1,022,100 | |
New York Transportation Development Corp.(b) | ||||
Refunding Revenue Bonds | ||||
Terminal 4 JFK International Airport | ||||
Series 2020 | ||||
12/01/2030 | 5.000% | 350,000 | 371,666 | |
12/01/2031 | 5.000% | 400,000 | 422,470 | |
12/01/2032 | 5.000% | 300,000 | 315,524 | |
12/01/2033 | 5.000% | 450,000 | 472,114 | |
12/01/2034 | 5.000% | 450,000 | 470,790 | |
12/01/2035 | 5.000% | 300,000 | 313,047 | |
Revenue Bonds | ||||
Delta Air Lines, Inc. LaGuardia | ||||
Series 2020 | ||||
10/01/2035 | 5.000% | 6,000,000 | 6,343,532 | |
10/01/2045 | 4.375% | 1,500,000 | 1,434,644 | |
LaGuardia Airport Terminal B | ||||
Series 2016 (AGM) | ||||
07/01/2032 | 4.000% | 2,500,000 | 2,501,972 | |
Triborough Bridge & Tunnel Authority(e) | ||||
Refunding Revenue Bonds | ||||
MTA Bridges and Tunnels | ||||
Series 2021 (Mandatory Put 02/01/24) | ||||
0.7 x SOFR + 0.380% 01/01/2032 | 0.568% | 1,958,988 | 1,954,771 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
TSASC, Inc. | ||||
Refunding Revenue Bonds | ||||
Series 2017A | ||||
06/01/2036 | 5.000% | 1,000,000 | 1,051,965 | |
06/01/2041 | 5.000% | 1,000,000 | 1,045,909 | |
Total | 100,997,092 | |||
North Carolina 1.4% | ||||
County of Union | ||||
Refunding Revenue Bonds | ||||
Series 2013 | ||||
12/01/2026 | 5.000% | 1,390,000 | 1,429,370 | |
12/01/2027 | 5.000% | 1,645,000 | 1,690,348 | |
North Carolina Capital Facilities Finance Agency | ||||
Refunding Revenue Bonds | ||||
The Arc of North Carolina | ||||
Series 2017 | ||||
10/01/2034 | 5.000% | 2,325,000 | 2,486,031 | |
North Carolina Medical Care Commission | ||||
Prerefunded 10/01/23 Revenue Bonds | ||||
United Methodist Retirement | ||||
Series 2017 | ||||
10/01/2037 | 5.000% | 1,100,000 | 1,172,362 | |
Refunding Revenue Bonds | ||||
Presbyterian Homes | ||||
Series 2016C | ||||
10/01/2031 | 4.000% | 1,000,000 | 1,000,773 | |
Sharon Towers | ||||
Series 2019A | ||||
07/01/2029 | 4.000% | 1,970,000 | 1,957,794 | |
Revenue Bonds | ||||
Presbyterian Homes | ||||
Series 2020 | ||||
10/01/2045 | 4.000% | 660,000 | 600,049 | |
10/01/2045 | 5.000% | 1,500,000 | 1,571,240 | |
North Carolina Municipal Power Agency No. 1 | ||||
Refunding Revenue Bonds | ||||
Series 2015A | ||||
01/01/2031 | 5.000% | 2,000,000 | 2,147,753 | |
North Carolina Turnpike Authority | ||||
Revenue Bonds | ||||
Senior Lien - Triangle Expressway | ||||
Series 2019 | ||||
01/01/2049 | 5.000% | 1,500,000 | 1,594,260 | |
Orange County Public Facilities Co. | ||||
Prerefunded 10/01/22 Revenue Bonds | ||||
Series 2012 | ||||
10/01/2026 | 5.000% | 1,130,000 | 1,146,314 | |
State of North Carolina | ||||
Refunding Revenue Bonds | ||||
Series 2014B | ||||
06/01/2025 | 5.000% | 5,000,000 | 5,375,309 |
24 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
University of North Carolina at Greensboro | ||||
Refunding Revenue Bonds | ||||
General | ||||
Series 2017 | ||||
04/01/2035 | 4.000% | 1,200,000 | 1,242,465 | |
04/01/2036 | 4.000% | 1,000,000 | 1,031,274 | |
University of North Carolina at Wilmington | ||||
Refunding Revenue Bonds | ||||
Student Housing Projects | ||||
Series 2016 | ||||
06/01/2031 | 4.000% | 2,040,000 | 2,118,649 | |
Total | 26,563,991 | |||
North Dakota 0.5% | ||||
County of Ward | ||||
Revenue Bonds | ||||
Trinity Obligation Group | ||||
Series 2017C | ||||
06/01/2034 | 5.000% | 2,500,000 | 2,698,150 | |
06/01/2043 | 5.000% | 2,500,000 | 2,662,006 | |
North Dakota Public Finance Authority | ||||
Revenue Bonds | ||||
Capital Financing Program | ||||
Series 2013A | ||||
06/01/2024 | 4.000% | 2,190,000 | 2,230,270 | |
06/01/2025 | 4.000% | 1,145,000 | 1,166,546 | |
Total | 8,756,972 | |||
Ohio 0.8% | ||||
City of Cleveland Income Tax | ||||
Prerefunded 10/01/22 Revenue Bonds | ||||
Bridges & Roadways Improvements | ||||
Subordinated Series 2014 | ||||
10/01/2029 | 5.000% | 2,290,000 | 2,323,060 | |
Public Facilities Improvements | ||||
Subordinated Series 2014 | ||||
10/01/2028 | 5.000% | 1,075,000 | 1,090,519 | |
Cleveland Department of Public Utilities Division of Water | ||||
Prerefunded 01/01/24 Revenue Bonds | ||||
Series 2015Y | ||||
01/01/2029 | 4.000% | 1,000,000 | 1,028,789 | |
01/01/2030 | 4.000% | 1,000,000 | 1,028,789 | |
County of Franklin | ||||
Prerefunded 05/15/23 Revenue Bonds | ||||
Refunding & Improvement - OhioHealth Corp. | ||||
Series 2013 | ||||
05/15/2028 | 5.000% | 2,000,000 | 2,060,921 | |
Revenue Bonds | ||||
OPRS Communities | ||||
Series 2016C | ||||
07/01/2029 | 5.000% | 2,000,000 | 2,135,109 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
County of Miami | ||||
Improvement Refunding Bonds | ||||
Kettering Health Network | ||||
Series 2019 | ||||
08/01/2045 | 5.000% | 2,220,000 | 2,408,740 | |
Delaware City School District | ||||
Prerefunded 06/01/23 Unlimited General Obligation Bonds | ||||
School Facilities Construction & Improvement | ||||
Series 2013 | ||||
12/01/2038 | 5.250% | 1,240,000 | 1,282,305 | |
New Albany Community Authority | ||||
Refunding Revenue Bonds | ||||
Series 2012C | ||||
10/01/2022 | 5.000% | 1,000,000 | 1,014,021 | |
North Olmsted City School District | ||||
Prerefunded 12/01/23 Unlimited General Obligation Bonds | ||||
Series 2015A | ||||
12/01/2029 | 5.000% | 500,000 | 521,683 | |
Ohio Turnpike & Infrastructure Commission | ||||
Prerefunded 02/15/23 Revenue Bonds | ||||
Junior Lien - Infrastructure Projects | ||||
Series 2013 | ||||
02/15/2033 | 5.250% | 1,330,000 | 1,362,000 | |
Total | 16,255,936 | |||
Oklahoma 0.5% | ||||
Norman Regional Hospital Authority | ||||
Refunding Revenue Bonds | ||||
Series 2016 | ||||
09/01/2027 | 5.000% | 2,000,000 | 2,156,668 | |
Oklahoma Development Finance Authority(b) | ||||
Revenue Bonds | ||||
Gilcrease Expressway West Project | ||||
Series 2020 | ||||
07/06/2023 | 1.625% | 3,000,000 | 2,949,523 | |
Tulsa Airports Improvement Trust(b) | ||||
Prerefunded 06/01/23 Revenue Bonds | ||||
Series 2013A (BAM) | ||||
06/01/2028 | 5.000% | 1,405,000 | 1,445,403 | |
Tulsa County Industrial Authority | ||||
Refunding Revenue Bonds | ||||
Montereau, Inc. Project | ||||
Series 2017 | ||||
11/15/2037 | 5.250% | 2,750,000 | 2,909,061 | |
11/15/2045 | 5.250% | 250,000 | 261,957 | |
Total | 9,722,612 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 25 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Oregon 0.4% | ||||
Clackamas & Washington Counties School District No. 3(f) | ||||
Unlimited General Obligation Bonds | ||||
Deferred Interest | ||||
Series 2003A (FGIC) | ||||
06/15/2023 | 0.000% | 2,000,000 | 1,950,758 | |
Hospital Facilities Authority of Multnomah County | ||||
Refunding Revenue Bonds | ||||
Mirabella at South Waterfront | ||||
Series 2014A | ||||
10/01/2034 | 5.125% | 1,000,000 | 1,020,733 | |
Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow(f) | ||||
Unlimited General Obligation Bonds | ||||
Series 2017A | ||||
06/15/2033 | 0.000% | 7,160,000 | 4,762,375 | |
Total | 7,733,866 | |||
Pennsylvania 3.1% | ||||
Berks County Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Highlands at Wyomissing | ||||
Series 2017 | ||||
05/15/2032 | 5.000% | 1,050,000 | 1,104,269 | |
05/15/2047 | 5.000% | 1,630,000 | 1,684,849 | |
Series 2018 | ||||
05/15/2038 | 5.000% | 255,000 | 267,184 | |
05/15/2043 | 5.000% | 350,000 | 364,028 | |
Revenue Bonds | ||||
Highlands at Wyomissing | ||||
Series 2017 | ||||
05/15/2042 | 5.000% | 1,655,000 | 1,723,626 | |
Bucks County Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Pennswood Village Project | ||||
Series 2018 | ||||
10/01/2037 | 5.000% | 1,250,000 | 1,322,340 | |
Commonwealth Financing Authority | ||||
Revenue Bonds | ||||
Tobacco Master Settlement Payment | ||||
Series 2018 | ||||
06/01/2029 | 5.000% | 1,500,000 | 1,639,873 | |
06/01/2032 | 5.000% | 1,000,000 | 1,085,055 | |
06/01/2033 | 5.000% | 1,250,000 | 1,352,709 | |
06/01/2034 | 5.000% | 1,000,000 | 1,080,396 | |
06/01/2035 | 5.000% | 1,000,000 | 1,079,304 | |
Cumberland County Municipal Authority | ||||
Prerefunded 01/01/25 Revenue Bonds | ||||
Diakon Lutheran Social Ministries | ||||
Series 2015 | ||||
01/01/2027 | 5.000% | 750,000 | 797,465 | |
01/01/2028 | 5.000% | 1,175,000 | 1,249,362 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Refunding Revenue Bonds | ||||
Diakon Lutheran | ||||
Series 2015 | ||||
01/01/2027 | 5.000% | 1,440,000 | 1,514,964 | |
01/01/2028 | 5.000% | 2,170,000 | 2,275,014 | |
Delaware River Joint Toll Bridge Commission | ||||
Revenue Bonds | ||||
Series 2017 | ||||
07/01/2033 | 5.000% | 2,250,000 | 2,467,048 | |
Delaware River Port Authority | ||||
Revenue Bonds | ||||
Series 2018A | ||||
01/01/2036 | 5.000% | 2,000,000 | 2,242,763 | |
Doylestown Hospital Authority | ||||
Revenue Bonds | ||||
Series 2019A | ||||
07/01/2045 | 4.000% | 1,250,000 | 1,194,786 | |
Geisinger Authority | ||||
Refunding Revenue Bonds | ||||
Geisinger Health System | ||||
Series 2017 | ||||
02/15/2039 | 5.000% | 2,500,000 | 2,695,189 | |
Lancaster County Hospital Authority | ||||
Revenue Bonds | ||||
Moravian Manors, Inc. Project | ||||
Series 2019A | ||||
06/15/2044 | 5.000% | 1,000,000 | 1,022,166 | |
Lancaster County Solid Waste Management Authority | ||||
Revenue Bonds | ||||
Series 2013A | ||||
12/15/2029 | 5.250% | 3,100,000 | 3,245,233 | |
Montgomery County Higher Education and Health Authority | ||||
Refunding Revenue Bonds | ||||
Thomas Jefferson University Project | ||||
Series 2019 | ||||
09/01/2044 | 4.000% | 1,000,000 | 984,989 | |
Montgomery County Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Acts Retirement - Life Communities | ||||
Series 2016 | ||||
11/15/2036 | 5.000% | 4,315,000 | 4,619,594 | |
Meadowood Senior Living Project | ||||
Series 2018 | ||||
12/01/2038 | 5.000% | 1,000,000 | 1,052,071 | |
Northampton County General Purpose Authority | ||||
Refunding Revenue Bonds | ||||
St. Luke’s University Health Network | ||||
Series 2016 | ||||
08/15/2026 | 5.000% | 3,770,000 | 4,125,260 |
26 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Pennsylvania Economic Development Financing Authority | ||||
Refunding Revenue Bonds | ||||
Philadelphia Biosolids Facility Project | ||||
Series 2020 | ||||
01/01/2030 | 4.000% | 1,275,000 | 1,302,245 | |
Pennsylvania Turnpike Commission | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2017-3 | ||||
12/01/2037 | 4.000% | 2,975,000 | 3,065,958 | |
Revenue Bonds | ||||
Series 2017A-1 | ||||
12/01/2037 | 5.000% | 1,250,000 | 1,375,251 | |
Series 2018A-2 | ||||
12/01/2036 | 5.000% | 2,500,000 | 2,789,591 | |
Subordinated Series 2017A | ||||
12/01/2042 | 5.500% | 3,000,000 | 3,280,492 | |
Subordinated Series 2017B-1 | ||||
06/01/2042 | 5.000% | 5,450,000 | 5,879,073 | |
Total | 59,882,147 | |||
Rhode Island 0.1% | ||||
Rhode Island Turnpike & Bridge Authority | ||||
Refunding Revenue Bonds | ||||
Series 2016A | ||||
10/01/2033 | 5.000% | 1,300,000 | 1,407,859 | |
South Carolina 2.7% | ||||
Beaufort-Jasper Water & Sewer Authority | ||||
Refunding Revenue Bonds | ||||
Series 2016B | ||||
03/01/2025 | 5.000% | 1,000,000 | 1,071,012 | |
County of Florence | ||||
Refunding Revenue Bonds | ||||
McLeod Regional Medical Center Project | ||||
Series 2014 | ||||
11/01/2031 | 5.000% | 3,610,000 | 3,800,726 | |
11/01/2032 | 5.000% | 5,000,000 | 5,262,929 | |
Patriots Energy Group Financing Agency | ||||
Revenue Bonds | ||||
Series 2018A (Mandatory Put 02/01/24) | ||||
10/01/2048 | 4.000% | 2,500,000 | 2,536,219 | |
Patriots Energy Group Financing Agency(e) | ||||
Revenue Bonds | ||||
Series 2018B (Mandatory Put 02/01/24) | ||||
0.7 x 1-month USD LIBOR + 0.860% 10/01/2048 | 1.164% | 8,000,000 | 7,953,080 | |
South Carolina Jobs-Economic Development Authority | ||||
Prerefunded 11/01/24 Revenue Bonds | ||||
York Preparatory Academy Project | ||||
Series 2014A | ||||
11/01/2033 | 7.000% | 590,000 | 652,436 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Refunding Revenue Bonds | ||||
Episcopal Home Still Hopes | ||||
Series 2018 | ||||
04/01/2038 | 5.000% | 2,000,000 | 2,054,184 | |
Prisma Health Obligated Group | ||||
Series 2018 | ||||
05/01/2036 | 5.000% | 7,000,000 | 7,641,558 | |
Revenue Bonds | ||||
Lutheran Homes of South Carolina Obligation Group | ||||
Series 2013 | ||||
05/01/2028 | 5.000% | 3,500,000 | 3,509,401 | |
Wofford College Project | ||||
Series 2019 | ||||
04/01/2038 | 5.000% | 930,000 | 1,015,811 | |
South Carolina Jobs-Economic Development Authority(a) | ||||
Revenue Bonds | ||||
Series 2015A | ||||
08/15/2025 | 4.500% | 345,000 | 350,840 | |
South Carolina Public Service Authority | ||||
Refunding Revenue Bonds | ||||
Series 2015A | ||||
12/01/2026 | 5.000% | 7,000,000 | 7,456,730 | |
Series 2016A | ||||
12/01/2030 | 5.000% | 4,000,000 | 4,294,484 | |
Series 2016B | ||||
12/01/2032 | 5.000% | 3,265,000 | 3,515,837 | |
Spartanburg Sanitary Sewer District | ||||
Prerefunded 03/01/23 Revenue Bonds | ||||
Convertible | ||||
Series 2013B | ||||
03/01/2030 | 5.000% | 1,500,000 | 1,538,439 | |
Total | 52,653,686 | |||
South Dakota 0.2% | ||||
South Dakota Health & Educational Facilities Authority | ||||
Revenue Bonds | ||||
Regional Health | ||||
Series 2017 | ||||
09/01/2029 | 5.000% | 1,700,000 | 1,860,674 | |
09/01/2030 | 5.000% | 2,250,000 | 2,456,873 | |
Total | 4,317,547 | |||
Tennessee 1.2% | ||||
Chattanooga Health Educational & Housing Facility Board | ||||
Refunding Revenue Bonds | ||||
Student Housing - CDFI Phase I | ||||
Series 2015 | ||||
10/01/2029 | 5.000% | 1,000,000 | 1,043,225 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 27 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Knox County Health Educational & Housing Facility Board | ||||
Refunding Revenue Bonds | ||||
Covenant Health Services | ||||
Series 2016A | ||||
01/01/2042 | 5.000% | 5,815,000 | 6,149,058 | |
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board | ||||
Revenue Bonds | ||||
Vanderbilt University Medical Center | ||||
Series 2016 | ||||
07/01/2031 | 5.000% | 1,000,000 | 1,080,086 | |
Tennessee Energy Acquisition Corp. | ||||
Revenue Bonds | ||||
Series 2006C | ||||
02/01/2023 | 5.000% | 5,310,000 | 5,408,609 | |
Series 2021 (Mandatory Put 11/01/31) | ||||
05/01/2052 | 5.000% | 9,000,000 | 9,786,631 | |
Total | 23,467,609 | |||
Texas 8.4% | ||||
Bexar County Health Facilities Development Corp. | ||||
Refunding Revenue Bonds | ||||
Army Retirement Residence Foundation | ||||
Series 2018 | ||||
07/15/2033 | 5.000% | 1,000,000 | 1,063,779 | |
Bexar County Hospital District | ||||
Limited General Obligation Refunding Bonds | ||||
Series 2019 | ||||
02/15/2034 | 5.000% | 1,000,000 | 1,103,596 | |
02/15/2038 | 5.000% | 1,250,000 | 1,366,109 | |
Central Texas Regional Mobility Authority | ||||
Prerefunded 07/01/25 Revenue Bonds | ||||
Senior Lien | ||||
Series 2015A | ||||
01/01/2030 | 5.000% | 1,550,000 | 1,669,185 | |
Central Texas Regional Mobility Authority(f) | ||||
Revenue Bonds | ||||
Capital Appreciation | ||||
Series 2010 | ||||
01/01/2025 | 0.000% | 1,000,000 | 907,884 | |
Central Texas Turnpike System | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2015C | ||||
08/15/2031 | 5.000% | 7,500,000 | 7,755,420 | |
08/15/2032 | 5.000% | 6,000,000 | 6,200,426 | |
08/15/2034 | 5.000% | 10,240,000 | 10,570,835 | |
City of Austin Airport System | ||||
Revenue Bonds | ||||
Series 2017A | ||||
11/15/2035 | 5.000% | 1,000,000 | 1,088,374 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
City of Beaumont Waterworks & Sewer System | ||||
Prerefunded 09/01/25 Revenue Bonds | ||||
Subordinated Series 2015A (BAM) | ||||
09/01/2030 | 5.000% | 1,000,000 | 1,066,681 | |
Refunding Revenue Bonds | ||||
Subordinated Series 2015A (BAM) | ||||
09/01/2026 | 5.000% | 1,000,000 | 1,074,912 | |
09/01/2027 | 5.000% | 600,000 | 643,758 | |
City of Garland Electric Utility System | ||||
Refunding Revenue Bonds | ||||
Series 2019 | ||||
03/01/2037 | 5.000% | 1,700,000 | 1,888,387 | |
City of Houston | ||||
Refunding Revenue Bonds | ||||
Convention & Entertainment Facilities | ||||
Series 2014 | ||||
09/01/2030 | 5.000% | 1,000,000 | 1,045,054 | |
Series 2015 | ||||
09/01/2027 | 5.000% | 1,215,000 | 1,273,374 | |
09/01/2029 | 5.000% | 1,500,000 | 1,567,580 | |
City of Houston Airport System | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2018B | ||||
07/01/2030 | 5.000% | 1,375,000 | 1,521,748 | |
Subordinated Series 2018D | ||||
07/01/2035 | 5.000% | 2,500,000 | 2,729,380 | |
City of Houston Airport System(b) | ||||
Revenue Bonds | ||||
Subordinated Series 2020A | ||||
07/01/2038 | 4.000% | 3,250,000 | 3,220,981 | |
City of Houston Combined Utility System | ||||
Refunding Revenue Bonds | ||||
1st Lien | ||||
Series 2016B | ||||
11/15/2034 | 5.000% | 10,000,000 | 10,885,698 | |
City of Houston Hotel Occupancy Tax | ||||
Refunding Revenue Bonds | ||||
Convention & Entertainment Facilities Department | ||||
Series 2015 | ||||
09/01/2026 | 5.000% | 250,000 | 262,473 | |
City of San Marcos Electric Utility System | ||||
Prerefunded 11/01/22 Revenue Bonds | ||||
Series 2013 (BAM) | ||||
11/01/2033 | 5.000% | 1,215,000 | 1,235,617 | |
Clifton Higher Education Finance Corp. | ||||
Revenue Bonds | ||||
International Leadership | ||||
Series 2015 | ||||
08/15/2035 | 5.500% | 11,500,000 | 12,162,958 |
28 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
County of Bexar | ||||
Prerefunded 08/15/24 Revenue Bonds | ||||
Venue Project | ||||
Series 2015 (AGM) | ||||
08/15/2031 | 5.000% | 1,280,000 | 1,353,637 | |
Crane County Water District | ||||
Prerefunded 02/15/25 Unlimited General Obligation Bonds | ||||
Series 2015 | ||||
02/15/2030 | 5.000% | 1,000,000 | 1,068,370 | |
Dallas/Fort Worth International Airport | ||||
Refunding Revenue Bonds | ||||
Joint | ||||
Series 2013D | ||||
11/01/2033 | 5.000% | 2,000,000 | 2,064,204 | |
Series 2013F | ||||
11/01/2033 | 5.250% | 1,200,000 | 1,242,884 | |
Georgetown Independent School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2019A | ||||
08/15/2027 | 5.000% | 1,000,000 | 1,119,326 | |
08/15/2028 | 5.000% | 1,000,000 | 1,135,022 | |
Grand Parkway Transportation Corp.(g) | ||||
Revenue Bonds | ||||
Convertible | ||||
Subordinated Series 2013 | ||||
10/01/2030 | 0.000% | 1,000,000 | 1,057,075 | |
Gulf Coast Authority | ||||
Prerefunded 10/01/22 Revenue Bonds | ||||
Bayport Area System | ||||
Series 2013 (AGM) | ||||
10/01/2030 | 5.000% | 1,505,000 | 1,526,414 | |
Lancaster Independent School District | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2015 (BAM) | ||||
02/15/2029 | 4.000% | 3,000,000 | 3,097,762 | |
Lower Colorado River Authority | ||||
Refunding Revenue Bonds | ||||
Series 2015D | ||||
05/15/2026 | 5.000% | 695,000 | 745,855 | |
05/15/2027 | 5.000% | 1,355,000 | 1,451,687 | |
New Hope Cultural Education Facilities Finance Corp. | ||||
Prerefunded 11/15/24 Revenue Bonds | ||||
MRC Crestview Project | ||||
Series 2016 | ||||
11/15/2031 | 5.000% | 850,000 | 916,437 | |
Revenue Bonds | ||||
NCCD-College Station Properties LLC | ||||
Series 2015 | ||||
07/01/2035 | 5.000% | 4,000,000 | 3,800,000 | |
Series 2015A | ||||
07/01/2030 | 5.000% | 7,800,000 | 7,410,000 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
New Hope Cultural Education Facilities Finance Corp.(h) | ||||
Revenue Bonds | ||||
Cardinal Bay, Inc. - Village on the Park | ||||
Series 2016 | ||||
07/01/2036 | 0.000% | 2,250,000 | 1,687,500 | |
North Texas Tollway Authority | ||||
Refunding Revenue Bonds | ||||
1st Tier | ||||
Series 2017A | ||||
01/01/2034 | 5.000% | 1,000,000 | 1,079,691 | |
01/01/2048 | 5.000% | 5,000,000 | 5,337,499 | |
Series 2019A | ||||
01/01/2036 | 4.000% | 1,000,000 | 1,039,274 | |
2nd Tier | ||||
Series 2015A | ||||
01/01/2032 | 5.000% | 16,800,000 | 17,632,904 | |
Series 2015B | ||||
01/01/2027 | 5.000% | 2,090,000 | 2,213,957 | |
System-2nd Tier | ||||
Series 2014 | ||||
01/01/2031 | 5.000% | 1,415,000 | 1,465,280 | |
North Texas Tollway Authority(f) | ||||
Refunding Revenue Bonds | ||||
Series 2008D (AGM) | ||||
01/01/2029 | 0.000% | 7,770,000 | 6,210,421 | |
Pleasanton Independent School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2015 | ||||
08/15/2029 | 5.000% | 1,000,000 | 1,052,213 | |
Port Beaumont Navigation District(a),(b) | ||||
Refunding Revenue Bonds | ||||
Jefferson Gulf Coast Energy LLC | ||||
Series 2020 | ||||
01/01/2035 | 3.625% | 1,500,000 | 1,358,066 | |
Revenue Bonds | ||||
Jefferson Gulf Coast Energy Project | ||||
Series 2021 | ||||
01/01/2036 | 2.750% | 1,275,000 | 1,026,396 | |
Tarrant County Cultural Education Facilities Finance Corp. | ||||
Prerefunded 10/01/23 Revenue Bond | ||||
Methodist Hospitals of Dallas | ||||
Series 2013 | ||||
10/01/2028 | 5.000% | 2,030,000 | 2,107,480 | |
Refunding Revenue Bonds | ||||
Air Force Villages Project | ||||
Series 2016 | ||||
05/15/2045 | 5.000% | 5,145,000 | 5,189,738 | |
Buckner Retirement Services | ||||
Series 2017 | ||||
11/15/2037 | 5.000% | 2,175,000 | 2,337,710 | |
11/15/2046 | 5.000% | 1,250,000 | 1,324,120 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 29 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Revenue Bonds | ||||
Buckner Retirement Services | ||||
Series 2016B | ||||
11/15/2046 | 5.000% | 2,000,000 | 2,104,047 | |
Texas Municipal Gas Acquisition & Supply Corp. III | ||||
Refunding Revenue Bonds | ||||
Senior | ||||
Series 2021 | ||||
12/15/2030 | 5.000% | 2,400,000 | 2,586,612 | |
12/15/2031 | 5.000% | 1,350,000 | 1,460,925 | |
Series 2021 | ||||
12/15/2025 | 5.000% | 700,000 | 734,258 | |
Texas Private Activity Bond Surface Transportation Corp. | ||||
Refunding Revenue Bonds | ||||
LBJ Infrastructure Group LLC I-635 Managed Lanes Project | ||||
Series 2020 | ||||
06/30/2039 | 4.000% | 300,000 | 300,639 | |
Texas Transportation Commission(f) | ||||
Revenue Bonds | ||||
First Tier Toll | ||||
Series 2019 | ||||
08/01/2038 | 0.000% | 550,000 | 267,759 | |
Waco Independent School District | ||||
Prerefunded 08/15/24 Unlimited General Obligation Bonds | ||||
Series 2015 | ||||
08/15/2028 | 4.000% | 1,000,000 | 1,036,575 | |
08/15/2029 | 4.000% | 2,380,000 | 2,467,048 | |
Total | 162,312,994 | |||
Utah 0.3% | ||||
City of Riverton | ||||
Prerefunded 06/01/23 Revenue Bonds | ||||
Series 2013 | ||||
12/01/2034 | 5.250% | 1,455,000 | 1,504,641 | |
12/01/2036 | 5.250% | 2,150,000 | 2,223,352 | |
Salt Lake City Corp. Airport | ||||
Revenue Bonds | ||||
Series 2017B | ||||
07/01/2032 | 5.000% | 1,000,000 | 1,084,002 | |
07/01/2033 | 5.000% | 1,000,000 | 1,082,528 | |
Total | 5,894,523 | |||
Vermont 0.6% | ||||
Vermont Educational & Health Buildings Financing Agency | ||||
Refunding Revenue Bonds | ||||
University of Vermont Medical Center | ||||
Series 2016A | ||||
12/01/2033 | 5.000% | 10,000,000 | 10,811,715 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Virgin Islands, U.S. 0.2% | ||||
Virgin Islands Public Finance Authority(a),(i) | ||||
Revenue Bonds | ||||
Grant Anticipation | ||||
Series 2015 | ||||
09/01/2030 | 5.000% | 2,320,000 | 2,457,328 | |
Series 2015 | ||||
09/01/2033 | 5.000% | 1,000,000 | 1,058,853 | |
Total | 3,516,181 | |||
Virginia 0.3% | ||||
Dulles Town Center Community Development Authority | ||||
Refunding Special Assessment Bonds | ||||
Dulles Town Center Project | ||||
Series 2012 | ||||
03/01/2026 | 4.250% | 1,000,000 | 984,347 | |
Henrico County Economic Development Authority | ||||
Refunding Revenue Bonds | ||||
Westminster Canterbury Project | ||||
Series 2018 | ||||
10/01/2037 | 5.000% | 1,000,000 | 1,055,957 | |
Henrico County Economic Development Authority(j) | ||||
Revenue Bonds | ||||
Registered Savrs | ||||
Series 1992 Escrowed to Maturity (AGM) | ||||
08/23/2027 | 0.562% | 50,000 | 49,875 | |
Virginia College Building Authority | ||||
Revenue Bonds | ||||
21st Century College Program | ||||
Series 2017 | ||||
02/01/2031 | 5.000% | 2,200,000 | 2,421,415 | |
Virginia Gateway Community Development Authority | ||||
Refunding Special Assessment Bonds | ||||
Series 2012 | ||||
03/01/2030 | 5.000% | 1,500,000 | 1,462,927 | |
Total | 5,974,521 | |||
Washington 1.8% | ||||
FYI Properties | ||||
Refunding Revenue Bonds | ||||
Green Bonds - State of Washington DIS Project | ||||
Series 2019 | ||||
06/01/2031 | 5.000% | 5,000,000 | 5,540,501 | |
King County Public Hospital District No. 1 | ||||
Limited General Obligation Refunding Bonds | ||||
Valley Medical Center | ||||
Series 2017 | ||||
12/01/2031 | 5.000% | 4,000,000 | 4,298,435 |
30 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
King County Public Hospital District No. 4 | ||||
Revenue Bonds | ||||
Series 2015A | ||||
12/01/2025 | 5.000% | 2,705,000 | 2,732,532 | |
12/01/2030 | 5.750% | 2,820,000 | 2,908,393 | |
Mason & Kitsap Counties School District No. 403 North Mason | ||||
Prerefunded 12/01/23 Unlimited General Obligation Bonds | ||||
Series 2013 | ||||
12/01/2035 | 5.000% | 2,025,000 | 2,112,814 | |
Port of Seattle(b) | ||||
Revenue Bonds | ||||
Intermediate Lien | ||||
Series 2019 | ||||
04/01/2036 | 5.000% | 5,000,000 | 5,440,449 | |
Subordinated Series 2019 | ||||
04/01/2044 | 4.000% | 1,000,000 | 964,141 | |
Snohomish County Housing Authority | ||||
Revenue Bonds | ||||
Series 2019 | ||||
04/01/2031 | 5.000% | 1,000,000 | 1,105,445 | |
Washington State Housing Finance Commission(a) | ||||
Refunding Revenue Bonds | ||||
Horizon House Project | ||||
Series 2017 | ||||
01/01/2029 | 5.000% | 840,000 | 904,642 | |
01/01/2038 | 5.000% | 2,000,000 | 2,123,139 | |
Presbyterian Retirement Co. | ||||
Series 2016 | ||||
01/01/2036 | 5.000% | 2,125,000 | 2,116,535 | |
Revenue Bonds | ||||
Transforming Age Project | ||||
Series 2019A | ||||
01/01/2044 | 5.000% | 1,000,000 | 957,827 | |
01/01/2049 | 5.000% | 1,000,000 | 939,718 | |
Washington State Housing Finance Commission | ||||
Revenue Bonds | ||||
Heron’s Key | ||||
Series 2015A | ||||
07/01/2030 | 6.500% | 570,000 | 593,990 | |
07/01/2035 | 6.750% | 1,090,000 | 1,138,888 | |
Transforming Age Projects | ||||
Series 2019 | ||||
01/01/2026 | 2.375% | 425,000 | 403,214 | |
Total | 34,280,663 | |||
West Virginia 0.5% | ||||
West Virginia Hospital Finance Authority | ||||
Refunding Revenue Bonds | ||||
Cabell Huntington Hospital Obligation | ||||
Series 2018 | ||||
01/01/2043 | 5.000% | 1,750,000 | 1,869,768 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Revenue Bonds | ||||
Charleston Area Medical Center, Inc. | ||||
Series 1993A Escrowed to Maturity | ||||
09/01/2023 | 6.500% | 1,325,000 | 1,371,706 | |
University Healthcare System | ||||
Series 2017 | ||||
06/01/2042 | 5.000% | 3,665,000 | 3,960,661 | |
West Virginia University(f) | ||||
Revenue Bonds | ||||
University System Project | ||||
Series 2019A (AMBAC) | ||||
04/01/2030 | 0.000% | 3,460,000 | 2,649,797 | |
Total | 9,851,932 | |||
Wisconsin 1.0% | ||||
Public Finance Authority | ||||
Refunding Revenue Bonds | ||||
Fellowship Senior Living Project | ||||
Series 2019A | ||||
01/01/2046 | 4.000% | 2,000,000 | 1,877,407 | |
Mountain Island Charter Schools | ||||
Series 2017 | ||||
07/01/2037 | 5.000% | 820,000 | 834,376 | |
07/01/2047 | 5.000% | 1,000,000 | 1,012,167 | |
Retirement Housing Foundation | ||||
Series 2017 | ||||
11/15/2029 | 5.000% | 2,500,000 | 2,679,705 | |
11/15/2030 | 5.000% | 1,620,000 | 1,741,836 | |
Revenue Bonds | ||||
ACTS Retirement - Life Communities | ||||
Series 2020 | ||||
11/15/2041 | 5.000% | 250,000 | 273,041 | |
Public Finance Authority(a) | ||||
Refunding Revenue Bonds | ||||
Mary’s Woods at Marylhurst | ||||
Series 2017 | ||||
05/15/2037 | 5.250% | 1,000,000 | 1,012,314 | |
Wisconsin Center District | ||||
Refunding Revenue Bonds | ||||
Junior Dedicated | ||||
Series 1999 (AGM) | ||||
12/15/2023 | 5.250% | 145,000 | 149,439 | |
12/15/2027 | 5.250% | 1,510,000 | 1,654,863 | |
Wisconsin Center District(f) | ||||
Revenue Bonds | ||||
Senior Dedicated - Milwaukee Arena Project | ||||
Series 2016 | ||||
12/15/2033 | 0.000% | 2,200,000 | 1,377,842 | |
12/15/2034 | 0.000% | 6,665,000 | 3,984,610 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 31 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Wisconsin Health & Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
ProHealth Care, Inc. Obligated Group | ||||
Series 2015 | ||||
08/15/2031 | 5.000% | 1,000,000 | 1,054,035 | |
Rogers Memorial Hospital, Inc. | ||||
Series 2014A | ||||
07/01/2034 | 5.000% | 2,500,000 | 2,617,244 | |
Total | 20,268,879 | |||
Total Municipal Bonds (Cost $1,883,026,121) | 1,898,017,866 |
Money Market Funds 0.3% | ||
Shares | Value ($) | |
Dreyfus Tax Exempt Cash Management Fund, Institutional Shares, 0.318%(k) | 71,568 | 71,561 |
JPMorgan Institutional Tax Free Money Market Fund, Institutional Shares, 0.283%(k) | 5,157,613 | 5,157,613 |
Total Money Market Funds (Cost $5,229,181) | 5,229,174 | |
Total Investments in Securities (Cost $1,894,455,302) | 1,909,447,040 | |
Other Assets & Liabilities, Net | 28,715,990 | |
Net Assets | $1,938,163,030 |
(a) | 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 April 30, 2022, the total value of these securities amounted to $46,233,815, which represents 2.39% of total net assets. |
(b) | Income from this security may be subject to alternative minimum tax. |
(c) | 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. |
(d) | 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 April 30, 2022. |
(e) | Variable rate security. The interest rate shown was the current rate as of April 30, 2022. |
(f) | Zero coupon bond. |
(g) | 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 April 30, 2022. |
(h) | Represents securities that have defaulted on payment of interest. The Fund has stopped accruing interest on these securities. At April 30, 2022, the total value of these securities amounted to $1,761,905, which represents 0.09% of total net assets. |
(i) | 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 April 30, 2022, the total value of these securities amounted to $5,977,179, which represents 0.31% of total net assets. |
(j) | Represents a variable rate security where the coupon adjusts periodically through an auction process. |
(k) | The rate shown is the seven-day current annualized yield at April 30, 2022. |
AGM | Assured Guaranty Municipal Corporation |
AMBAC | Ambac Assurance Corporation |
BAM | Build America Mutual Assurance Co. |
FGIC | Financial Guaranty Insurance Corporation |
GNMA | Government National Mortgage Association |
HUD | Department of Housing and Urban Development |
LIBOR | London Interbank Offered Rate |
NPFGC | National Public Finance Guarantee Corporation |
SOFR | Secured Overnight Financing Rate |
32 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Fair value inputs are summarized in the three broad levels listed below:
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Floating Rate Notes | — | 6,200,000 | — | 6,200,000 |
Municipal Bonds | — | 1,898,017,866 | — | 1,898,017,866 |
Money Market Funds | 5,229,174 | — | — | 5,229,174 |
Total Investments in Securities | 5,229,174 | 1,904,217,866 | — | 1,909,447,040 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 33 |
April 30, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,894,455,302) | $1,909,447,040 |
Receivable for: | |
Investments sold | 13,797,800 |
Capital shares sold | 5,031,870 |
Interest | 24,662,905 |
Expense reimbursement due from Investment Manager | 11,287 |
Prepaid expenses | 9,874 |
Trustees’ deferred compensation plan | 359,231 |
Other assets | 83,627 |
Total assets | 1,953,403,634 |
Liabilities | |
Due to custodian | 2,816 |
Payable for: | |
Capital shares purchased | 9,221,478 |
Distributions to shareholders | 4,953,552 |
Management services fees | 24,588 |
Distribution and/or service fees | 3,102 |
Transfer agent fees | 282,352 |
Compensation of board members | 348,852 |
Other expenses | 44,633 |
Trustees’ deferred compensation plan | 359,231 |
Total liabilities | 15,240,604 |
Net assets applicable to outstanding capital stock | $1,938,163,030 |
Represented by | |
Paid in capital | 1,925,219,473 |
Total distributable earnings (loss) | 12,943,557 |
Total - representing net assets applicable to outstanding capital stock | $1,938,163,030 |
34 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Class A | |
Net assets | $501,262,789 |
Shares outstanding | 52,016,629 |
Net asset value per share | $9.64 |
Maximum sales charge | 3.00% |
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) | $9.94 |
Advisor Class | |
Net assets | $427,703,333 |
Shares outstanding | 44,409,562 |
Net asset value per share | $9.63 |
Class C | |
Net assets | $14,405,053 |
Shares outstanding | 1,494,655 |
Net asset value per share | $9.64 |
Institutional Class | |
Net assets | $704,971,796 |
Shares outstanding | 73,120,945 |
Net asset value per share | $9.64 |
Institutional 2 Class | |
Net assets | $276,024,708 |
Shares outstanding | 28,682,523 |
Net asset value per share | $9.62 |
Institutional 3 Class | |
Net assets | $4,269,750 |
Shares outstanding | 442,486 |
Net asset value per share | $9.65 |
Class V | |
Net assets | $9,525,601 |
Shares outstanding | 988,494 |
Net asset value per share | $9.64 |
Maximum sales charge | 4.75% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class V shares) | $10.12 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 35 |
Six Months Ended April 30, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $1,119 |
Interest | 32,706,876 |
Total income | 32,707,995 |
Expenses: | |
Management services fees | 4,581,790 |
Distribution and/or service fees | |
Class A | 457,681 |
Class C | 63,732 |
Class V | 7,634 |
Transfer agent fees | |
Class A | 323,134 |
Advisor Class | 369,105 |
Class C | 10,986 |
Institutional Class | 557,314 |
Institutional 2 Class | 53,553 |
Institutional 3 Class | 154 |
Class V | 7,025 |
Compensation of board members | 28,446 |
Custodian fees | 8,434 |
Printing and postage fees | 14,841 |
Registration fees | 130,269 |
Audit fees | 14,691 |
Legal fees | 13,667 |
Compensation of chief compliance officer | 181 |
Other | 13,547 |
Total expenses | 6,656,184 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (2,109,765) |
Total net expenses | 4,546,419 |
Net investment income | 28,161,576 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (3,213,220) |
Net realized loss | (3,213,220) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (177,008,608) |
Net change in unrealized appreciation (depreciation) | (177,008,608) |
Net realized and unrealized loss | (180,221,828) |
Net decrease in net assets resulting from operations | $(152,060,252) |
36 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
Six Months Ended April 30, 2022 (Unaudited) | Year Ended October 31, 2021 | |
Operations | ||
Net investment income | $28,161,576 | $30,001,179 |
Net realized gain (loss) | (3,213,220) | 2,478,782 |
Net change in unrealized appreciation (depreciation) | (177,008,608) | (1,306,017) |
Net increase (decrease) in net assets resulting from operations | (152,060,252) | 31,173,944 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (6,542,017) | (5,097,345) |
Advisor Class | (7,414,305) | (211,361) |
Class C | (202,009) | (474,038) |
Institutional Class | (13,429,140) | (28,632,229) |
Institutional 2 Class | (2,869,165) | (943,115) |
Institutional 3 Class | (63,434) | (92,953) |
Class V | (161,679) | (330,141) |
Total distributions to shareholders | (30,681,749) | (35,781,182) |
Increase (decrease) in net assets from capital stock activity | 1,043,510,907 | (46,659,482) |
Total increase (decrease) in net assets | 860,768,906 | (51,266,720) |
Net assets at beginning of period | 1,077,394,124 | 1,128,660,844 |
Net assets at end of period | $1,938,163,030 | $1,077,394,124 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 37 |
Six Months Ended | Year Ended | |||
April 30, 2022 (Unaudited) | October 31, 2021 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 4,616,788 | 46,019,233 | 3,590,256 | 38,025,004 |
Fund reorganization | 40,018,544 | 418,942,544 | — | — |
Distributions reinvested | 609,905 | 6,151,879 | 418,945 | 4,428,423 |
Redemptions | (9,617,198) | (97,162,009) | (2,552,880) | (26,990,697) |
Net increase | 35,628,039 | 373,951,647 | 1,456,321 | 15,462,730 |
Advisor Class | ||||
Subscriptions | 3,837,106 | 38,496,540 | 144,951 | 1,536,076 |
Fund reorganization | 104,285,243 | 1,091,126,562 | — | — |
Distributions reinvested | 470,326 | 4,764,512 | 19,977 | 211,036 |
Redemptions | (64,815,915) | (664,178,317) | (127,353) | (1,343,291) |
Net increase | 43,776,760 | 470,209,297 | 37,575 | 403,821 |
Class C | ||||
Subscriptions | 102,577 | 1,043,020 | 387,986 | 4,106,394 |
Distributions reinvested | 19,507 | 198,771 | 43,653 | 461,575 |
Redemptions | (229,049) | (2,319,615) | (873,307) | (9,252,987) |
Net decrease | (106,965) | (1,077,824) | (441,668) | (4,685,018) |
Institutional Class | ||||
Subscriptions | 9,609,576 | 97,603,350 | 5,497,647 | 58,228,372 |
Distributions reinvested | 300,817 | 3,058,463 | 531,186 | 5,617,499 |
Redemptions | (17,422,621) | (174,859,511) | (11,089,869) | (117,227,760) |
Net decrease | (7,512,228) | (74,197,698) | (5,061,036) | (53,381,889) |
Institutional 2 Class | ||||
Subscriptions | 31,726,308 | 327,702,969 | 130,766 | 1,382,805 |
Distributions reinvested | 288,490 | 2,868,404 | 89,315 | 943,115 |
Redemptions | (5,773,245) | (57,535,860) | (643,990) | (6,819,315) |
Net increase (decrease) | 26,241,553 | 273,035,513 | (423,909) | (4,493,395) |
Institutional 3 Class | ||||
Subscriptions | 240,810 | 2,444,610 | 97,746 | 1,036,989 |
Distributions reinvested | 5,169 | 52,387 | 6,662 | 70,519 |
Redemptions | (80,067) | (798,956) | (64,961) | (685,910) |
Net increase | 165,912 | 1,698,041 | 39,447 | 421,598 |
Class V | ||||
Subscriptions | 1,944 | 19,868 | 8,149 | 86,535 |
Distributions reinvested | 11,993 | 122,065 | 23,602 | 249,503 |
Redemptions | (25,125) | (250,002) | (68,390) | (723,367) |
Net decrease | (11,188) | (108,069) | (36,639) | (387,329) |
Total net increase (decrease) | 98,181,883 | 1,043,510,907 | (4,429,909) | (46,659,482) |
38 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 39 |
Net asset value, beginning of period | Net investment income | 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 | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.46 | 0.14 | (0.80) | (0.66) | (0.14) | (0.02) | (0.16) |
Year Ended 10/31/2021 | $10.51 | 0.27 | 0.00(d) | 0.27 | (0.27) | (0.05) | (0.32) |
Year Ended 10/31/2020 | $10.59 | 0.28 | (0.03) | 0.25 | (0.29) | (0.04) | (0.33) |
Year Ended 10/31/2019 | $10.11 | 0.31 | 0.48 | 0.79 | (0.31) | (0.00)(d) | (0.31) |
Year Ended 10/31/2018 | $10.54 | 0.31 | (0.43) | (0.12) | (0.31) | — | (0.31) |
Year Ended 10/31/2017 | $10.71 | 0.31 | (0.17) | 0.14 | (0.31) | — | (0.31) |
Advisor Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.45 | 0.15 | (0.80) | (0.65) | (0.15) | (0.02) | (0.17) |
Year Ended 10/31/2021 | $10.50 | 0.29 | 0.00(d) | 0.29 | (0.29) | (0.05) | (0.34) |
Year Ended 10/31/2020 | $10.59 | 0.30 | (0.04) | 0.26 | (0.31) | (0.04) | (0.35) |
Year Ended 10/31/2019 | $10.11 | 0.33 | 0.48 | 0.81 | (0.33) | (0.00)(d) | (0.33) |
Year Ended 10/31/2018 | $10.53 | 0.33 | (0.42) | (0.09) | (0.33) | — | (0.33) |
Year Ended 10/31/2017 | $10.71 | 0.33 | (0.18) | 0.15 | (0.33) | — | (0.33) |
Class C | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.46 | 0.10 | (0.79) | (0.69) | (0.11) | (0.02) | (0.13) |
Year Ended 10/31/2021 | $10.51 | 0.21 | 0.00(d) | 0.21 | (0.21) | (0.05) | (0.26) |
Year Ended 10/31/2020 | $10.59 | 0.21 | (0.03) | 0.18 | (0.22) | (0.04) | (0.26) |
Year Ended 10/31/2019 | $10.12 | 0.24 | 0.48 | 0.72 | (0.25) | (0.00)(d) | (0.25) |
Year Ended 10/31/2018 | $10.54 | 0.24 | (0.42) | (0.18) | (0.24) | — | (0.24) |
Year Ended 10/31/2017 | $10.72 | 0.25 | (0.19) | 0.06 | (0.24) | — | (0.24) |
Institutional Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.46 | 0.15 | (0.80) | (0.65) | (0.15) | (0.02) | (0.17) |
Year Ended 10/31/2021 | $10.51 | 0.29 | 0.00(d) | 0.29 | (0.29) | (0.05) | (0.34) |
Year Ended 10/31/2020 | $10.60 | 0.30 | (0.04) | 0.26 | (0.31) | (0.04) | (0.35) |
Year Ended 10/31/2019 | $10.12 | 0.33 | 0.48 | 0.81 | (0.33) | (0.00)(d) | (0.33) |
Year Ended 10/31/2018 | $10.54 | 0.33 | (0.42) | (0.09) | (0.33) | — | (0.33) |
Year Ended 10/31/2017 | $10.72 | 0.33 | (0.18) | 0.15 | (0.33) | — | (0.33) |
Institutional 2 Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.45 | 0.15 | (0.81) | (0.66) | (0.15) | (0.02) | (0.17) |
Year Ended 10/31/2021 | $10.49 | 0.30 | 0.01 | 0.31 | (0.30) | (0.05) | (0.35) |
Year Ended 10/31/2020 | $10.58 | 0.31 | (0.05) | 0.26 | (0.31) | (0.04) | (0.35) |
Year Ended 10/31/2019 | $10.10 | 0.34 | 0.48 | 0.82 | (0.34) | (0.00)(d) | (0.34) |
Year Ended 10/31/2018 | $10.53 | 0.34 | (0.44) | (0.10) | (0.33) | — | (0.33) |
Year Ended 10/31/2017 | $10.70 | 0.34 | (0.17) | 0.17 | (0.34) | — | (0.34) |
40 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
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 ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.64 | (6.39%) | 0.82%(c) | 0.61%(c) | 2.67%(c) | 3% | $501,263 |
Year Ended 10/31/2021 | $10.46 | 2.61% | 0.83% | 0.70%(e) | 2.55% | 5% | $171,415 |
Year Ended 10/31/2020 | $10.51 | 2.36% | 0.82% | 0.73%(e) | 2.70% | 9% | $156,865 |
Year Ended 10/31/2019 | $10.59 | 7.94% | 0.82%(f) | 0.76%(e),(f) | 2.97% | 14% | $152,575 |
Year Ended 10/31/2018 | $10.11 | (1.18%) | 0.81%(g) | 0.76%(e),(g) | 2.98% | 8% | $157,597 |
Year Ended 10/31/2017 | $10.54 | 1.39% | 0.84%(h) | 0.77%(e),(h) | 2.99% | 11% | $189,260 |
Advisor Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.63 | (6.30%) | 0.61%(c) | 0.41%(c) | 2.85%(c) | 3% | $427,703 |
Year Ended 10/31/2021 | $10.45 | 2.81% | 0.63% | 0.50%(e) | 2.75% | 5% | $6,615 |
Year Ended 10/31/2020 | $10.50 | 2.47% | 0.62% | 0.53%(e) | 2.90% | 9% | $6,249 |
Year Ended 10/31/2019 | $10.59 | 8.15% | 0.62%(f) | 0.56%(e),(f) | 3.22% | 14% | $5,927 |
Year Ended 10/31/2018 | $10.11 | (0.89%) | 0.61%(g) | 0.56%(e),(g) | 3.18% | 8% | $20,349 |
Year Ended 10/31/2017 | $10.53 | 1.50% | 0.63% | 0.58%(e) | 3.16% | 11% | $17,306 |
Class C | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.64 | (6.67%) | 1.42%(c) | 1.21%(c) | 2.06%(c) | 3% | $14,405 |
Year Ended 10/31/2021 | $10.46 | 1.99% | 1.47% | 1.30%(e) | 1.94% | 5% | $16,754 |
Year Ended 10/31/2020 | $10.51 | 1.71% | 1.47% | 1.38%(e) | 2.06% | 9% | $21,469 |
Year Ended 10/31/2019 | $10.59 | 7.14% | 1.47%(f) | 1.41%(e),(f) | 2.33% | 14% | $23,522 |
Year Ended 10/31/2018 | $10.12 | (1.72%) | 1.46%(g) | 1.41%(e),(g) | 2.32% | 8% | $29,097 |
Year Ended 10/31/2017 | $10.54 | 0.64% | 1.49%(h) | 1.42%(e),(h) | 2.34% | 11% | $44,951 |
Institutional Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.64 | (6.29%) | 0.62%(c) | 0.41%(c) | 2.86%(c) | 3% | $704,972 |
Year Ended 10/31/2021 | $10.46 | 2.81% | 0.63% | 0.50%(e) | 2.75% | 5% | $843,761 |
Year Ended 10/31/2020 | $10.51 | 2.47% | 0.62% | 0.53%(e) | 2.90% | 9% | $900,641 |
Year Ended 10/31/2019 | $10.60 | 8.15% | 0.62%(f) | 0.56%(e),(f) | 3.17% | 14% | $1,012,229 |
Year Ended 10/31/2018 | $10.12 | (0.88%) | 0.61%(g) | 0.56%(e),(g) | 3.17% | 8% | $1,232,944 |
Year Ended 10/31/2017 | $10.54 | 1.50% | 0.63%(h) | 0.57%(e),(h) | 3.18% | 11% | $1,679,211 |
Institutional 2 Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.62 | (6.36%) | 0.55%(c) | 0.33%(c) | 2.98%(c) | 3% | $276,025 |
Year Ended 10/31/2021 | $10.45 | 2.98% | 0.56% | 0.44% | 2.81% | 5% | $25,496 |
Year Ended 10/31/2020 | $10.49 | 2.54% | 0.55% | 0.47% | 2.98% | 9% | $30,056 |
Year Ended 10/31/2019 | $10.58 | 8.24% | 0.55%(f) | 0.49%(f) | 3.21% | 14% | $35,836 |
Year Ended 10/31/2018 | $10.10 | (0.92%) | 0.55%(g) | 0.50%(g) | 3.25% | 8% | $15,697 |
Year Ended 10/31/2017 | $10.53 | 1.67% | 0.54%(h) | 0.50%(h) | 3.26% | 11% | $12,401 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 41 |
Net asset value, beginning of period | Net investment income | 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 | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.47 | 0.15 | (0.79) | (0.64) | (0.16) | (0.02) | (0.18) |
Year Ended 10/31/2021 | $10.52 | 0.30 | 0.01 | 0.31 | (0.31) | (0.05) | (0.36) |
Year Ended 10/31/2020 | $10.61 | 0.32 | (0.05) | 0.27 | (0.32) | (0.04) | (0.36) |
Year Ended 10/31/2019 | $10.13 | 0.34 | 0.49 | 0.83 | (0.35) | (0.00)(d) | (0.35) |
Year Ended 10/31/2018 | $10.55 | 0.34 | (0.42) | (0.08) | (0.34) | — | (0.34) |
Year Ended 10/31/2017(i) | $10.43 | 0.22 | 0.13(j) | 0.35 | (0.23) | — | (0.23) |
Class V | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.46 | 0.14 | (0.80) | (0.66) | (0.14) | (0.02) | (0.16) |
Year Ended 10/31/2021 | $10.50 | 0.27 | 0.02 | 0.29 | (0.28) | (0.05) | (0.33) |
Year Ended 10/31/2020 | $10.59 | 0.29 | (0.05) | 0.24 | (0.29) | (0.04) | (0.33) |
Year Ended 10/31/2019 | $10.11 | 0.32 | 0.48 | 0.80 | (0.32) | (0.00)(d) | (0.32) |
Year Ended 10/31/2018 | $10.54 | 0.31 | (0.43) | (0.12) | (0.31) | — | (0.31) |
Year Ended 10/31/2017 | $10.71 | 0.32 | (0.17) | 0.15 | (0.32) | — | (0.32) |
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) | Annualized. |
(d) | Rounds to zero. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | Ratios include line of credit interest expense which is less than 0.01%. |
(g) | Ratios include interfund lending expense which is less than 0.01%. |
(h) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Year Ended | Class A | Class C | Institutional Class | Institutional 2 Class | Class V |
10/31/2017 | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
(i) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
(j) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
42 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
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 ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.65 | (6.23%) | 0.50%(c) | 0.28%(c) | 3.00%(c) | 3% | $4,270 |
Year Ended 10/31/2021 | $10.47 | 2.93% | 0.52% | 0.39% | 2.86% | 5% | $2,897 |
Year Ended 10/31/2020 | $10.52 | 2.59% | 0.51% | 0.42% | 3.01% | 9% | $2,495 |
Year Ended 10/31/2019 | $10.61 | 8.27% | 0.51%(f) | 0.44%(f) | 3.28% | 14% | $2,542 |
Year Ended 10/31/2018 | $10.13 | (0.76%) | 0.50%(g) | 0.45%(g) | 3.31% | 8% | $1,836 |
Year Ended 10/31/2017(i) | $10.55 | 3.35% | 0.51%(c) | 0.47%(c) | 3.25%(c) | 11% | $1,865 |
Class V | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.64 | (6.36%) | 0.77%(c) | 0.56%(c) | 2.71%(c) | 3% | $9,526 |
Year Ended 10/31/2021 | $10.46 | 2.76% | 0.78% | 0.65%(e) | 2.60% | 5% | $10,456 |
Year Ended 10/31/2020 | $10.50 | 2.31% | 0.77% | 0.68%(e) | 2.75% | 9% | $10,887 |
Year Ended 10/31/2019 | $10.59 | 7.99% | 0.77%(f) | 0.71%(e),(f) | 3.02% | 14% | $11,562 |
Year Ended 10/31/2018 | $10.11 | (1.13%) | 0.76%(g) | 0.71%(e),(g) | 3.03% | 8% | $12,260 |
Year Ended 10/31/2017 | $10.54 | 1.44% | 0.79%(h) | 0.72%(e),(h) | 3.03% | 11% | $13,371 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 43 |
April 30, 2022 (Unaudited)
44 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 45 |
April 30, 2022 (Unaudited)
Purchases ($) | Sales ($) | Net realized gain (loss) ($) |
— | 18,355,903 | 520,097 |
46 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Effective rate (%) | |
Class A | 0.14 |
Advisor Class | 0.14 |
Class C | 0.14 |
Institutional Class | 0.14 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Class V | 0.14 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 3.00 | 0.75(a) | 33,042 |
Class C | — | 1.00(b) | 546 |
Class V | 4.75 | 0.50 - 1.00(c) | 201 |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 47 |
April 30, 2022 (Unaudited)
(a) | This charge is imposed on certain investments of $500,000 or more if redeemed within 12 months after purchase. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(c) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
December 11, 2021 through February 29, 2024 | Prior to December 11, 2021 | |
Class A | 0.61% | 0.61% |
Advisor Class | 0.41 | 0.41 |
Class C | 1.21 | 1.21 |
Institutional Class | 0.41 | 0.41 |
Institutional 2 Class | 0.33 | 0.35 |
Institutional 3 Class | 0.28 | 0.30 |
Class V | 0.56 | 0.56 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,894,455,000 | 39,071,000 | (24,079,000) | 14,992,000 |
48 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 49 |
April 30, 2022 (Unaudited)
Shares | |
Class A | 40,018,544 |
Advisor Class | 104,285,243 |
($) | |
Net investment income | 32,869,000 |
Net realized loss | (1,341,000) |
Net change in unrealized appreciation/(depreciation) | (173,821,000) |
Net decrease in net assets from operations | (142,293,000) |
50 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 51 |
April 30, 2022 (Unaudited)
52 | Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
Columbia Intermediate Municipal Bond Fund | Semiannual Report 2022 | 53 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
April 30, 2022 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended April 30, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 06/16/86 | -10.31 | -10.35 | 1.31 | 2.66 |
Including sales charges | -12.99 | -13.03 | 0.69 | 2.35 | ||
Advisor Class* | 03/19/13 | -10.24 | -10.16 | 1.57 | 2.90 | |
Class C | Excluding sales charges | 08/01/97 | -10.53 | -10.80 | 0.84 | 2.20 |
Including sales charges | -11.41 | -11.67 | 0.84 | 2.20 | ||
Institutional Class | 09/19/05 | -10.21 | -10.17 | 1.56 | 2.92 | |
Institutional 2 Class* | 03/01/16 | -10.22 | -10.13 | 1.58 | 2.82 | |
Institutional 3 Class* | 03/01/17 | -10.22 | -10.10 | 1.62 | 2.82 | |
Bloomberg California Municipal Bond Index | -8.20 | -8.20 | 1.67 | 2.64 | ||
Bloomberg Municipal Bond Index | -7.90 | -7.88 | 1.80 | 2.48 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. 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. |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 3 |
(Unaudited)
Quality breakdown (%) (at April 30, 2022) | |
AAA rating | 3.0 |
AA rating | 27.6 |
A rating | 23.6 |
BBB rating | 17.0 |
BB rating | 1.3 |
D rating | 1.6 |
Not rated | 25.9 |
Total | 100.0 |
4 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
(Unaudited)
November 1, 2021 — April 30, 2022 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 896.90 | 1,021.24 | 3.50 | 3.73 | 0.74 |
Advisor Class | 1,000.00 | 1,000.00 | 897.60 | 1,022.24 | 2.55 | 2.72 | 0.54 |
Class C | 1,000.00 | 1,000.00 | 894.70 | 1,018.75 | 5.86 | 6.24 | 1.24 |
Institutional Class | 1,000.00 | 1,000.00 | 897.90 | 1,022.24 | 2.56 | 2.72 | 0.54 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 897.80 | 1,022.34 | 2.46 | 2.62 | 0.52 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 897.80 | 1,022.59 | 2.22 | 2.37 | 0.47 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 5 |
April 30, 2022 (Unaudited)
Commercial Mortgage-Backed Securities - Agency 0.3% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Freddie Mac Multifamily Certificates | ||||
Series ML10 Class ACA (FHLMC) | ||||
06/25/2038 | 2.046% | 2,482,214 | 2,062,182 | |
Total Commercial Mortgage-Backed Securities - Agency (Cost $2,577,015) | 2,062,182 | |||
Floating Rate Notes 0.0% | ||||
Issue Description | Yield | Principal Amount ($) | Value ($) | |
Variable Rate Demand Notes 0.0% | ||||
State of California(a),(b) | ||||
Unlimited General Obligation Bonds | ||||
Kindergarten | ||||
Series 2013A2 (State Street) | ||||
05/01/2034 | 0.300% | 100,000 | 100,000 | |
Total Floating Rate Notes (Cost $100,000) | 100,000 | |||
Municipal Bonds 101.2% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Airport 7.0% | ||||
City of Fresno Airport(c) | ||||
Refunding Revenue Bonds | ||||
Series 2013B (BAM) | ||||
07/01/2028 | 5.000% | 500,000 | 512,358 | |
07/01/2030 | 5.125% | 1,050,000 | 1,076,833 | |
City of Los Angeles Department of Airports(c) | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2019A | ||||
05/15/2049 | 5.000% | 5,000,000 | 5,310,964 | |
Revenue Bonds | ||||
Los Angeles International Airport | ||||
Subordinated Series 2017 | ||||
05/15/2041 | 5.000% | 1,500,000 | 1,569,905 | |
Subordinated Series 2018 | ||||
05/15/2048 | 5.250% | 3,000,000 | 3,211,203 | |
Senior Series 2020C | ||||
05/15/2050 | 4.000% | 4,000,000 | 3,890,894 | |
Subordinated Series 2018C | ||||
05/15/2044 | 5.000% | 2,000,000 | 2,115,354 | |
County of Sacramento Airport System | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2016B | ||||
07/01/2041 | 5.000% | 5,500,000 | 5,857,442 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Norman Y Mineta San Jose International Airport SJC(c) | ||||
Refunding Revenue Bonds | ||||
Series 2021A (BAM) | ||||
03/01/2032 | 5.000% | 2,000,000 | 2,192,692 | |
03/01/2033 | 5.000% | 1,300,000 | 1,422,070 | |
Norman Y. Mineta San Jose International Airport(c) | ||||
Refunding Revenue Bonds | ||||
Series 2017A | ||||
03/01/2047 | 5.000% | 3,000,000 | 3,119,575 | |
San Francisco City & County Airport Commission - San Francisco International Airport(c) | ||||
Refunding Revenue Bonds | ||||
SFO Fuel Co., LLC | ||||
Series 2019 | ||||
01/01/2047 | 5.000% | 1,000,000 | 1,056,676 | |
Revenue Bonds | ||||
San Francisco International Airport | ||||
Series 2016 | ||||
05/01/2041 | 5.000% | 1,305,000 | 1,362,826 | |
Unrefunded Revenue Bonds | ||||
Series 2014A | ||||
05/01/2044 | 5.000% | 6,000,000 | 6,175,070 | |
Total | 38,873,862 | |||
Charter Schools 6.3% | ||||
California Infrastructure & Economic Development Bank(d) | ||||
Revenue Bonds | ||||
WFCS Portfolio Project | ||||
Series 2021 | ||||
01/01/2056 | 5.000% | 1,300,000 | 1,223,460 | |
Wonderful Foundations Charter School Portfolio Projects | ||||
Series 2020 | ||||
01/01/2055 | 5.000% | 2,300,000 | 2,169,434 | |
California Infrastructure & Economic Development Bank(d),(e) | ||||
Revenue Bonds | ||||
WFCS Portfolio Project | ||||
Subordinated Series 2021 | ||||
01/01/2061 | 0.000% | 39,900,000 | 2,864,900 | |
California Public Finance Authority | ||||
Revenue Bonds | ||||
Laverne Elementary Prep Academy Project | ||||
Series 2019 | ||||
06/15/2039 | 5.000% | 870,000 | 872,856 | |
06/15/2049 | 5.000% | 1,400,000 | 1,401,126 | |
California School Finance Authority(d) | ||||
Refunding Revenue Bonds | ||||
Aspire Public School | ||||
Series 2016 | ||||
08/01/2041 | 5.000% | 1,600,000 | 1,633,283 |
6 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Ivy Academia Project | ||||
Series 2021A | ||||
06/01/2061 | 4.000% | 1,000,000 | 769,068 | |
Revenue Bonds | ||||
Alliance College-Ready Public Schools | ||||
Series 2015 | ||||
07/01/2035 | 5.000% | 3,010,000 | 3,080,495 | |
07/01/2045 | 5.000% | 1,705,000 | 1,732,628 | |
Aspire Public Schools | ||||
Series 2020A | ||||
08/01/2059 | 5.000% | 3,120,000 | 3,154,753 | |
Girls Athletic Leadership School | ||||
Series 2021 | ||||
06/01/2051 | 4.000% | 1,000,000 | 779,922 | |
06/01/2061 | 4.000% | 2,890,000 | 2,134,421 | |
Green Dot Public School Project | ||||
Series 2015A | ||||
08/01/2035 | 5.000% | 1,510,000 | 1,553,089 | |
Series 2018 | ||||
08/01/2048 | 5.000% | 1,750,000 | 1,791,527 | |
KIPP Los Angeles Projects | ||||
Series 2014A | ||||
07/01/2044 | 5.125% | 1,000,000 | 1,018,801 | |
Series 2015A | ||||
07/01/2045 | 5.000% | 1,000,000 | 1,019,454 | |
Kipp SoCal Public Schools | ||||
Series 2019A | ||||
07/01/2049 | 5.000% | 1,000,000 | 1,029,807 | |
River Springs Charter School Project | ||||
Series 2015 | ||||
07/01/2046 | 6.375% | 1,000,000 | 1,054,902 | |
07/01/2046 | 6.375% | 155,000 | 163,510 | |
Santa Clarita Valley International School Project | ||||
Series 2021 | ||||
06/01/2051 | 4.000% | 750,000 | 631,301 | |
06/01/2061 | 4.000% | 1,175,000 | 944,734 | |
California School Finance Authority(d),(f) | ||||
Revenue Bonds | ||||
Aspire Public School | ||||
Series 2022 | ||||
08/01/2061 | 5.000% | 4,000,000 | 4,040,118 | |
Total | 35,063,589 | |||
Higher Education 5.1% | ||||
California Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Loma Linda University | ||||
Series 2017A | ||||
04/01/2047 | 5.000% | 4,250,000 | 4,539,050 | |
Series 2018-A | ||||
12/01/2044 | 5.000% | 2,000,000 | 2,130,918 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
University of the Pacific | ||||
Series 2015 | ||||
11/01/2036 | 5.000% | 2,000,000 | 2,130,972 | |
Revenue Bonds | ||||
Chapman University | ||||
Series 2015 | ||||
04/01/2040 | 5.000% | 2,500,000 | 2,631,670 | |
California Municipal Finance Authority | ||||
Refunding Revenue Bonds | ||||
Biola University | ||||
Series 2017 | ||||
10/01/2039 | 5.000% | 1,000,000 | 1,064,193 | |
California Lutheran University | ||||
Series 2018 | ||||
10/01/2038 | 5.000% | 300,000 | 322,501 | |
Revenue Bonds | ||||
Biola University | ||||
Series 2013 | ||||
10/01/2042 | 5.000% | 2,360,000 | 2,410,808 | |
National University | ||||
Series 2019A | ||||
04/01/2040 | 5.000% | 1,000,000 | 1,094,998 | |
04/01/2041 | 5.000% | 2,000,000 | 2,187,319 | |
California Public Finance Authority(d) | ||||
Revenue Bonds | ||||
California University of Science and Medicine | ||||
Series 2019 | ||||
07/01/2054 | 6.250% | 3,000,000 | 3,285,215 | |
California Statewide Communities Development Authority(d) | ||||
Revenue Bonds | ||||
California Baptist University | ||||
Series 2014A | ||||
11/01/2043 | 6.375% | 3,000,000 | 3,129,419 | |
Lancer Plaza Project | ||||
Series 2013 | ||||
11/01/2033 | 5.625% | 1,400,000 | 1,440,766 | |
11/01/2043 | 5.875% | 1,875,000 | 1,930,176 | |
Total | 28,298,005 | |||
Hospital 16.8% | ||||
California Health Facilities Financing Authority | ||||
Refunding Revenue Bonds | ||||
El Camino Hospital | ||||
Series 2015A | ||||
02/01/2040 | 5.000% | 5,000,000 | 5,277,463 | |
Marshal Medical Center | ||||
Series 2020 | ||||
11/01/2040 | 4.000% | 1,000,000 | 990,558 | |
11/01/2050 | 5.000% | 2,000,000 | 2,213,517 | |
PIH Health | ||||
Series 2020A | ||||
06/01/2050 | 4.000% | 4,500,000 | 4,283,992 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 7 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Revenue Bonds | ||||
City of Hope Obligated Group | ||||
Series 2019 | ||||
11/15/2045 | 4.000% | 8,000,000 | 7,805,639 | |
El Camino Hospital | ||||
Series 2017 | ||||
02/01/2047 | 5.000% | 4,000,000 | 4,334,205 | |
Kaiser Permanente | ||||
Subordinated Series 2017A-2 | ||||
11/01/2044 | 4.000% | 7,000,000 | 6,915,026 | |
Subordinated Series 2020A-2 | ||||
11/01/2051 | 4.000% | 5,195,000 | 5,043,428 | |
California Municipal Finance Authority | ||||
Refunding Revenue Bonds | ||||
Community Medical Centers | ||||
Series 2017A | ||||
02/01/2042 | 4.000% | 2,000,000 | 2,000,593 | |
02/01/2047 | 5.000% | 2,000,000 | 2,173,546 | |
Revenue Bonds | ||||
Clincas Del Camino Real, Inc. | ||||
Series 2020 | ||||
03/01/2050 | 4.000% | 5,000,000 | 4,800,254 | |
California Public Finance Authority | ||||
Refunding Revenue Bonds | ||||
Henry Mayo Newhall Memorial Hospital | ||||
Series 2017 | ||||
10/15/2047 | 5.000% | 4,000,000 | 4,272,268 | |
California Statewide Communities Development Authority | ||||
Refunding Revenue Bonds | ||||
Adventist Health System | ||||
Series 2018 | ||||
03/01/2042 | 4.000% | 5,000,000 | 5,014,769 | |
03/01/2048 | 5.000% | 5,000,000 | 5,411,856 | |
Adventist Health System West | ||||
Series 2015 | ||||
03/01/2035 | 5.000% | 3,850,000 | 4,153,249 | |
John Muir Health | ||||
Series 2018A | ||||
12/01/2053 | 5.000% | 700,000 | 763,758 | |
Redlands Community Hospital OB | ||||
Series 2016 | ||||
10/01/2046 | 5.000% | 1,000,000 | 1,069,915 | |
Revenue Bonds | ||||
Emanate Health | ||||
Series 2020A | ||||
04/01/2045 | 4.000% | 1,000,000 | 966,031 | |
Green - Marin General Hospital Project | ||||
Series 2018 | ||||
08/01/2038 | 5.000% | 475,000 | 511,618 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Loma Linda University Medical Center | ||||
Series 2014 | ||||
12/01/2054 | 5.500% | 2,660,000 | 2,747,487 | |
Methodist Hospital of Southern California | ||||
Series 2018 | ||||
01/01/2048 | 5.000% | 7,500,000 | 7,998,349 | |
California Statewide Communities Development Authority(d) | ||||
Revenue Bonds | ||||
Loma Linda University Medical Center | ||||
Series 2018 | ||||
12/01/2058 | 5.500% | 3,000,000 | 3,175,822 | |
City of Upland | ||||
Refunding Certificate of Participation | ||||
San Antonio Regional Hospital | ||||
Series 2017 | ||||
01/01/2042 | 4.000% | 3,000,000 | 3,014,690 | |
Regents of the University of California Medical Center(f) | ||||
Revenue Bonds | ||||
Series 2022P | ||||
05/15/2053 | 4.000% | 7,500,000 | 7,304,567 | |
Washington Township Health Care District | ||||
Refunding Revenue Bonds | ||||
Series 2019A | ||||
07/01/2036 | 5.000% | 500,000 | 550,938 | |
07/01/2048 | 4.000% | 500,000 | 503,769 | |
Total | 93,297,307 | |||
Human Service Provider 1.0% | ||||
California Municipal Finance Authority | ||||
Refunding Revenue Bonds | ||||
Harbor Regional Center Project | ||||
Series 2015 | ||||
11/01/2039 | 5.000% | 2,000,000 | 2,128,349 | |
Inland Regional Center Project | ||||
Series 2015 | ||||
06/15/2045 | 5.000% | 3,500,000 | 3,684,906 | |
Total | 5,813,255 | |||
Local Appropriation 0.7% | ||||
City of Modesto | ||||
Certificate of Participation | ||||
Community Center Refinancing Project | ||||
Series 1993A (AMBAC) | ||||
11/01/2023 | 5.000% | 575,000 | 569,632 | |
Los Angeles County Public Works Financing Authority | ||||
Revenue Bonds | ||||
Green Bonds - LACMA Building for the Permanent Collection Project | ||||
Series 2020A | ||||
12/01/2043 | 4.000% | 1,500,000 | 1,508,038 |
8 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Sacramento City Schools Joint Powers Financing Authority | ||||
Refunding Revenue Bonds | ||||
Series 2006A (BAM) | ||||
03/01/2040 | 5.000% | 2,000,000 | 2,074,690 | |
Total | 4,152,360 | |||
Local General Obligation 12.3% | ||||
Alameda Unified School District-Alameda County | ||||
Unlimited General Obligation Bonds | ||||
Election of 2014 | ||||
Series 2019C | ||||
08/01/2042 | 3.000% | 1,000,000 | 859,725 | |
Carlsbad Unified School District | ||||
Unlimited General Obligation Bonds | ||||
Election of 2018 | ||||
Series 2019A | ||||
08/01/2048 | 3.125% | 2,750,000 | 2,310,768 | |
Series 2021B | ||||
08/01/2046 | 3.000% | 3,175,000 | 2,628,743 | |
08/01/2050 | 2.375% | 3,000,000 | 2,024,943 | |
Cerritos Community College District | ||||
Unlimited General Obligation Bonds | ||||
Series 2019C | ||||
08/01/2044 | 3.000% | 5,000,000 | 4,235,735 | |
Chaffey Joint Union High School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2019D | ||||
08/01/2034 | 0.000% | 500,000 | 321,400 | |
08/01/2035 | 0.000% | 660,000 | 406,105 | |
08/01/2036 | 0.000% | 1,000,000 | 588,500 | |
Chino Valley Unified School District | ||||
Limited General Obligation Bonds | ||||
Series 2020B | ||||
08/01/2055 | 5.000% | 1,000,000 | 1,104,296 | |
Coast Community College District(e) | ||||
Unlimited General Obligation Bonds | ||||
Election of 2012 | ||||
Series 2019F | ||||
08/01/2041 | 0.000% | 2,125,000 | 954,210 | |
08/01/2043 | 0.000% | 7,250,000 | 2,951,385 | |
Compton Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Compton Unified School District | ||||
Series 2019B (BAM) | ||||
06/01/2036 | 0.000% | 2,750,000 | 1,543,754 | |
Conejo Valley Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2015A (AGM) | ||||
08/01/2029 | 0.000% | 1,650,000 | 1,235,210 | |
08/01/2030 | 0.000% | 1,000,000 | 708,540 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Corona-Norco Unified School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2019C | ||||
08/01/2049 | 4.000% | 1,500,000 | 1,480,945 | |
East Side Union High School District | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2003B (NPFGC) | ||||
08/01/2026 | 5.250% | 2,010,000 | 2,084,821 | |
El Monte Union High School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2019A | ||||
06/01/2044 | 4.000% | 2,750,000 | 2,753,315 | |
El Monte Union High School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2021E | ||||
06/01/2046 | 0.000% | 2,765,000 | 1,030,542 | |
Fremont Union High School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2021A | ||||
08/01/2037 | 3.000% | 2,045,000 | 1,860,234 | |
08/01/2038 | 3.000% | 5,615,000 | 5,068,214 | |
Fresno Unified School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2021A | ||||
08/01/2045 | 4.000% | 1,000,000 | 1,001,022 | |
Glendale Community College District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2020B | ||||
08/01/2044 | 0.000% | 1,550,000 | 557,024 | |
02/01/2045 | 0.000% | 1,250,000 | 435,300 | |
Long Beach Community College District | ||||
Unlimited General Obligation Bonds | ||||
Series 2019C | ||||
08/01/2045 | 4.000% | 725,000 | 727,638 | |
Long Beach Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2015D-1 | ||||
08/01/2032 | 0.000% | 1,500,000 | 1,007,203 | |
Los Angeles Unified School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2020RYQ | ||||
07/01/2035 | 5.000% | 1,250,000 | 1,411,467 | |
07/01/2044 | 4.000% | 3,000,000 | 3,011,709 | |
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 | 3,754,728 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 9 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Monterey Peninsula Community College District(e) | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2016 | ||||
08/01/2032 | 0.000% | 3,500,000 | 2,457,415 | |
08/01/2033 | 0.000% | 2,000,000 | 1,347,781 | |
Mount San Antonio Community College District(e) | ||||
Unlimited General Obligation Bonds | ||||
Election of 2008 | ||||
Series 2021E | ||||
08/01/2046 | 0.000% | 8,230,000 | 2,967,968 | |
Pomona Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2016G (AGM) | ||||
08/01/2033 | 0.000% | 1,000,000 | 680,193 | |
08/01/2034 | 0.000% | 1,610,000 | 1,046,173 | |
Poway Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Improvement District No. 2007-1-A | ||||
Series 2009 | ||||
08/01/2030 | 0.000% | 2,295,000 | 1,745,396 | |
San Diego Unified School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation Bonds | ||||
Series 2016I | ||||
07/01/2034 | 0.000% | 5,000,000 | 3,166,773 | |
San Diego Unified School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2019B | ||||
07/01/2048 | 3.250% | 5,000,000 | 4,336,264 | |
Sierra Kings Health Care District | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2015 | ||||
08/01/2037 | 5.000% | 1,500,000 | 1,577,736 | |
Simi Valley Unified School District | ||||
Refunding Certificate of Participation | ||||
Capital Improvement Projects | ||||
Series 1998 (AMBAC) | ||||
08/01/2022 | 5.250% | 235,000 | 235,392 | |
Val Verde Unified School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2020A (BAM) | ||||
08/01/2046 | 4.000% | 700,000 | 693,383 | |
Total | 68,311,950 | |||
Multi-Family 10.6% | ||||
California Community Housing Agency(d) | ||||
Revenue Bonds | ||||
Junior Bonds | ||||
Series 2021A-2 | ||||
02/01/2043 | 4.000% | 3,000,000 | 2,593,753 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Mira Vista Hills Apartments | ||||
Series 2021 | ||||
02/01/2056 | 4.000% | 4,000,000 | 3,272,635 | |
The Arbors | ||||
Series 2020A | ||||
08/01/2050 | 5.000% | 3,500,000 | 3,317,406 | |
California Housing Finance | ||||
Revenue Bonds | ||||
Series 2019-2 Class A | ||||
03/20/2033 | 4.000% | 4,625,108 | 4,750,826 | |
California Housing Finance Agency | ||||
Revenue Bonds | ||||
Series 2021-1A | ||||
11/20/2035 | 3.500% | 4,483,872 | 4,483,627 | |
California Municipal Finance Authority | ||||
Refunding Revenue Bonds | ||||
Caritas Projects | ||||
Series 2017A | ||||
08/15/2042 | 4.000% | 1,000,000 | 988,723 | |
Revenue Bonds | ||||
Bowles Hall Foundation | ||||
Series 2015A | ||||
06/01/2050 | 5.000% | 1,250,000 | 1,275,653 | |
Caritas Affordable Housing | ||||
Series 2014 | ||||
08/15/2049 | 5.250% | 3,500,000 | 3,591,473 | |
Subordinated Series 2014 | ||||
08/15/2049 | 5.875% | 1,000,000 | 1,015,125 | |
CMFA Special Finance Agency(d) | ||||
Revenue Bonds | ||||
Junior Bonds - Latitude33 | ||||
Series 2021A | ||||
12/01/2045 | 4.000% | 4,000,000 | 3,163,352 | |
Junior Bonds - Solana at Grand | ||||
Series 2021A-2 | ||||
08/01/2045 | 4.000% | 4,000,000 | 3,146,269 | |
CMFA Special Finance Agency VIII(d) | ||||
Revenue Bonds | ||||
Elan Huntington Beach | ||||
Series 2021 | ||||
08/01/2047 | 4.000% | 2,000,000 | 1,536,672 | |
CSCDA Community Improvement Authority(d) | ||||
Revenue Bonds | ||||
Jefferson-Anaheim Social Bonds | ||||
Series 2021 | ||||
08/01/2056 | 3.125% | 2,500,000 | 1,809,523 | |
Parallel-Anaheim Social Bonds | ||||
Series 2021 | ||||
08/01/2056 | 4.000% | 1,760,000 | 1,548,980 |
10 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Pasadena Portfolio Social Bonds | ||||
Series 2021 | ||||
12/01/2056 | 3.000% | 2,000,000 | 1,419,179 | |
12/01/2056 | 4.000% | 1,000,000 | 749,214 | |
Social Bonds | ||||
Series 2021A-2 | ||||
10/01/2056 | 4.000% | 3,000,000 | 2,599,271 | |
Social Bonds - Mezzanine Lien - 777 Place-Pomona | ||||
Series 2021 | ||||
05/01/2057 | 4.000% | 2,000,000 | 1,482,164 | |
Social Bonds - Mezzanine Lien - Park Crossing Apartments | ||||
Series 2021 | ||||
12/01/2048 | 4.000% | 2,000,000 | 1,510,636 | |
Social Bonds - Mezzanine Lien - Westgate Phase 1-Pasadena | ||||
Series 2021 | ||||
06/01/2057 | 4.000% | 2,000,000 | 1,484,097 | |
Social Bonds - Millennium South Bay-Hawthorne | ||||
Series 2021 | ||||
07/01/2058 | 4.000% | 3,000,000 | 2,229,575 | |
Social Bonds - Monterey Station-Pomona | ||||
Series 2021 | ||||
07/01/2058 | 4.000% | 2,000,000 | 1,383,217 | |
Social Bonds - Senior Lien - Park Crossing Apartments | ||||
Series 2021 | ||||
12/01/2058 | 3.250% | 1,500,000 | 1,051,415 | |
The Link - Glendale Social Bonds | ||||
Subordinated Series 2021 | ||||
07/01/2056 | 4.000% | 3,500,000 | 2,851,037 | |
Union South Bay Social Bonds | ||||
Series 2021 | ||||
07/01/2056 | 4.000% | 2,000,000 | 1,723,523 | |
Hastings Campus Housing Finance Authority | ||||
Revenue Bonds | ||||
Green Bonds | ||||
Series 2020A | ||||
07/01/2061 | 5.000% | 4,000,000 | 4,135,107 | |
Total | 59,112,452 | |||
Municipal Power 3.4% | ||||
City of Vernon Electric System(f) | ||||
Refunding Revenue Bonds | ||||
Series 2022A | ||||
08/01/2040 | 5.000% | 365,000 | 388,038 | |
08/01/2041 | 5.000% | 420,000 | 445,762 | |
Guam Power Authority(f),(g) | ||||
Refunding Revenue Bonds | ||||
Series 2022A | ||||
10/01/2043 | 5.000% | 3,000,000 | 3,142,934 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Puerto Rico Electric Power Authority(g),(h) | ||||
Revenue Bonds | ||||
Series 2010XX | ||||
07/01/2040 | 0.000% | 5,465,000 | 5,246,400 | |
Series 2012A | ||||
07/01/2042 | 0.000% | 4,250,000 | 4,058,750 | |
Turlock Irrigation District | ||||
Refunding Revenue Bonds | ||||
Series 2020 | ||||
01/01/2039 | 5.000% | 2,000,000 | 2,250,013 | |
01/01/2041 | 5.000% | 3,130,000 | 3,506,826 | |
Total | 19,038,723 | |||
Other Bond Issue 1.1% | ||||
City of Long Beach Marina System | ||||
Revenue Bonds | ||||
Series 2015 | ||||
05/15/2040 | 5.000% | 2,000,000 | 2,070,840 | |
Federal Home Loan Mortgage Corp. Multifamily ML Certificates | ||||
Series 2019-ML05 | ||||
11/25/2033 | 3.350% | 3,850,106 | 3,834,067 | |
Total | 5,904,907 | |||
Ports 0.9% | ||||
Port of Los Angeles(c) | ||||
Refunding Revenue Bonds | ||||
Series 2014A | ||||
08/01/2044 | 5.000% | 5,000,000 | 5,170,887 | |
Prepaid Gas 0.2% | ||||
M-S-R Energy Authority | ||||
Revenue Bonds | ||||
Series 2009B | ||||
11/01/2034 | 7.000% | 1,000,000 | 1,246,015 | |
Recreation 0.3% | ||||
California Infrastructure & Economic Development Bank | ||||
Refunding Revenue Bonds | ||||
Los Angeles County Museum of Natural History | ||||
Series 2020 | ||||
07/01/2050 | 4.000% | 1,500,000 | 1,471,141 | |
Refunded / Escrowed 8.5% | ||||
California Health Facilities Financing Authority | ||||
Prerefunded 07/01/23 Revenue Bonds | ||||
St. Joseph Health System | ||||
Series 2013A | ||||
07/01/2037 | 5.000% | 2,000,000 | 2,065,243 | |
California Municipal Finance Authority | ||||
Prerefunded 02/01/25 Revenue Bonds | ||||
Community Medical Centers | ||||
Series 2015A | ||||
02/01/2040 | 5.000% | 2,000,000 | 2,137,199 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 11 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
California School Finance Authority(d) | ||||
Prerefunded 08/01/25 Revenue Bonds | ||||
Aspire Public School | ||||
Series 2016 | ||||
08/01/2041 | 5.000% | 150,000 | 161,711 | |
California State Public Works Board | ||||
Prerefunded 11/01/22 Revenue Bonds | ||||
Various Capital Projects | ||||
Series 2012G | ||||
11/01/2037 | 5.000% | 6,825,000 | 6,941,153 | |
California Statewide Communities Development Authority | ||||
Prerefunded 07/01/24 Revenue Bonds | ||||
Huntington Memorial Hospital | ||||
Series 2014B | ||||
07/01/2044 | 5.000% | 1,000,000 | 1,054,229 | |
Prerefunded 10/01/24 Revenue Bonds | ||||
Henry Mayo Newhall Memorial Hospital | ||||
Series 2014A (AGM) | ||||
10/01/2043 | 5.250% | 3,120,000 | 3,325,034 | |
Prerefunded 12/01/23 Revenue Bonds | ||||
Covenant Retirement Communities, Inc. | ||||
Series 2013 | ||||
12/01/2036 | 5.625% | 2,000,000 | 2,101,859 | |
Chino Public Financing Authority | ||||
Prerefunded 09/01/22 Special Tax Bonds | ||||
Series 2012 | ||||
09/01/2030 | 5.000% | 2,500,000 | 2,529,462 | |
09/01/2038 | 5.000% | 625,000 | 632,366 | |
City of La Verne | ||||
Prerefunded 05/15/22 Certificate of Participation | ||||
Brethren Hillcrest Homes | ||||
Series 2014 | ||||
05/15/2036 | 5.000% | 1,100,000 | 1,112,373 | |
City of Pomona | ||||
Refunding Revenue Bonds | ||||
Series 1990B Escrowed to Maturity (GNMA / FHLMC) | ||||
08/01/2023 | 7.500% | 170,000 | 176,890 | |
City of Redding Electric System(i) | ||||
Revenue Bonds | ||||
Series 1992 Escrowed to Maturity (NPFGC) | ||||
07/01/2022 | 11.316% | 55,000 | 55,966 | |
City of Vernon Electric System | ||||
Prerefunded 08/01/22 Revenue Bonds | ||||
Series 2012A | ||||
08/01/2030 | 5.000% | 1,000,000 | 1,008,625 | |
Corona-Norco Unified School District | ||||
Prerefunded 09/01/23 Special Tax Bonds | ||||
Community Facilities District #98-1 | ||||
Series 2013 | ||||
09/01/2032 | 5.000% | 1,300,000 | 1,348,381 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Glendale Unified School District(e) | ||||
Prerefunded 09/01/25 Unlimited General Obligation Bonds | ||||
Series 2015B | ||||
09/01/2031 | 0.000% | 1,900,000 | 1,341,971 | |
Prerefunded 09/01/25 Unlimited General Obligation Refunding Bonds | ||||
Series 2015B | ||||
09/01/2032 | 0.000% | 1,000,000 | 672,394 | |
Golden State Tobacco Securitization Corp. | ||||
Prerefunded 06/01/22 Revenue Bonds | ||||
Series 2018A-1 | ||||
06/01/2047 | 5.000% | 4,000,000 | 4,011,352 | |
06/01/2047 | 5.250% | 1,500,000 | 1,504,547 | |
Series 2018A-2 | ||||
06/01/2047 | 5.000% | 6,900,000 | 6,920,681 | |
Oakland Unified School District/Alameda County | ||||
Prerefunded 08/01/25 Unlimited General Obligation Bonds | ||||
Series 2015A | ||||
08/01/2040 | 5.000% | 1,000,000 | 1,081,324 | |
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 | 437,117 | |
08/01/2031 | 0.000% | 1,000,000 | 691,493 | |
Riverside County Transportation Commission | ||||
Prerefunded 06/01/23 Revenue Bonds | ||||
Senior Lien | ||||
Series 2013A | ||||
06/01/2048 | 5.750% | 1,500,000 | 1,557,819 | |
Riverside County Transportation Commission(e) | ||||
Revenue Bonds | ||||
Senior Lien | ||||
Series 2013 Escrowed to Maturity | ||||
06/01/2029 | 0.000% | 1,235,000 | 1,002,130 | |
San Joaquin Hills Transportation Corridor Agency | ||||
Prerefunded 01/15/25 Revenue Bonds | ||||
Senior Lien | ||||
Series 2014A | ||||
01/15/2044 | 5.000% | 3,000,000 | 3,199,012 | |
Total | 47,070,331 | |||
Resource Recovery 0.0% | ||||
California Municipal Finance Authority(c),(d),(h) | ||||
Revenue Bonds | ||||
UTS Renewable Energy-Waste Water Facilities | ||||
Series 2011 | ||||
12/01/2032 | 0.000% | 2,745,000 | 54,900 |
12 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Retirement Communities 4.7% | ||||
California Health Facilities Financing Authority | ||||
Refunding Revenue Bonds | ||||
Northern California Presbyterian Homes | ||||
Series 2015 | ||||
07/01/2039 | 5.000% | 2,565,000 | 2,741,700 | |
07/01/2044 | 5.000% | 700,000 | 745,969 | |
California Municipal Finance Authority | ||||
Refunding Revenue Bonds | ||||
HumanGood Obligation Group | ||||
Series 2019A | ||||
10/01/2044 | 4.000% | 2,500,000 | 2,520,772 | |
Revenue Bonds | ||||
HumanGood California Obligated Group | ||||
Series 2021 | ||||
10/01/2046 | 4.000% | 2,000,000 | 1,953,775 | |
10/01/2049 | 4.000% | 2,500,000 | 2,427,963 | |
Paradise Valley Estates Project | ||||
Series 2019 | ||||
01/01/2043 | 5.000% | 3,000,000 | 3,293,968 | |
California Public Finance Authority(d) | ||||
Revenue Bonds | ||||
Enso Village Project - Green Bonds | ||||
Series 2021 | ||||
11/15/2046 | 5.000% | 1,000,000 | 998,577 | |
11/15/2056 | 5.000% | 1,000,000 | 980,633 | |
California Statewide Communities Development Authority(d) | ||||
Refunding Revenue Bonds | ||||
899 Charleston Project | ||||
Series 2014A | ||||
11/01/2049 | 5.375% | 1,885,000 | 1,846,557 | |
California Statewide Communities Development Authority | ||||
Refunding Revenue Bonds | ||||
American Baptist Homes West | ||||
Series 2015 | ||||
10/01/2045 | 5.000% | 3,155,000 | 3,290,054 | |
Front Porch Communities & Services | ||||
Series 2017 | ||||
04/01/2047 | 4.000% | 1,750,000 | 1,770,922 | |
04/01/2047 | 5.000% | 250,000 | 268,170 | |
Series 2021 | ||||
04/01/2046 | 3.000% | 1,000,000 | 818,526 | |
04/01/2051 | 3.000% | 1,250,000 | 987,280 | |
Revenue Bonds | ||||
Eskaton Properties, Inc. | ||||
Series 2012 | ||||
11/15/2034 | 5.250% | 1,250,000 | 1,259,132 | |
Total | 25,903,998 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Sales Tax 3.4% | ||||
Commonwealth of Puerto Rico(e),(g) | ||||
Revenue Notes | ||||
Subordinated Series 2022 | ||||
11/01/2043 | 0.000% | 924,532 | 480,757 | |
Puerto Rico Sales Tax Financing Corp.(e),(g) | ||||
Revenue Bonds | ||||
Series 2018A-1 | ||||
07/01/2046 | 0.000% | 37,900,000 | 10,641,607 | |
Puerto Rico Sales Tax Financing Corp.(g) | ||||
Revenue Bonds | ||||
Series 2019A1 | ||||
07/01/2058 | 5.000% | 6,000,000 | 6,149,760 | |
San Joaquin County Transportation Authority | ||||
Revenue Bonds | ||||
Measure K | ||||
Series 2019 | ||||
03/01/2039 | 5.000% | 1,500,000 | 1,653,708 | |
Total | 18,925,832 | |||
Special Non Property Tax 0.4% | ||||
Puerto Rico Highway & Transportation Authority(g),(h) | ||||
Revenue Bonds | ||||
Series 2007M | ||||
07/01/2046 | 0.000% | 555,000 | 333,000 | |
Unrefunded Revenue Bonds | ||||
Series 2003G | ||||
07/01/2042 | 0.000% | 2,780,000 | 1,668,000 | |
Total | 2,001,000 | |||
Special Property Tax 6.3% | ||||
Bakersfield Redevelopment Agency | ||||
Tax Allocation Bonds | ||||
Old Town Kern Pioneer | ||||
Series 2009A | ||||
08/01/2029 | 7.500% | 1,145,000 | 1,148,097 | |
Southeast Bakersfield | ||||
Series 2009B | ||||
08/01/2029 | 7.250% | 535,000 | 536,436 | |
Carson Public Financing Authority | ||||
Revenue Bonds | ||||
Series 2019 | ||||
09/02/2030 | 5.000% | 1,000,000 | 1,095,975 | |
Cerritos Public Financing Authority | ||||
Tax Allocation Bonds | ||||
Los Coyotes Redevelopment Project Loan | ||||
Series 1993A (AMBAC) | ||||
11/01/2023 | 6.500% | 2,000,000 | 2,097,184 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 13 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Chula Vista Municipal Financing Authority | ||||
Refunding Special Tax Bonds | ||||
Series 2015A | ||||
09/01/2035 | 5.000% | 2,460,000 | 2,612,868 | |
09/01/2036 | 5.000% | 2,435,000 | 2,584,994 | |
City of Carson | ||||
Special Assessment Bonds | ||||
Assessment District No. 92-1 | ||||
Series 1992 | ||||
09/02/2022 | 7.375% | 15,000 | 15,232 | |
City of Dublin | ||||
Special Tax Bonds | ||||
Improvement Area No. 3 | ||||
Series 2021 | ||||
09/01/2045 | 4.000% | 850,000 | 777,829 | |
09/01/2051 | 4.000% | 865,000 | 770,601 | |
City of Irvine | ||||
Special Tax Bonds | ||||
Community Facilities District 2013-3 | ||||
Series 2014 | ||||
09/01/2039 | 5.000% | 750,000 | 776,262 | |
09/01/2044 | 5.000% | 1,025,000 | 1,058,038 | |
City of Yucaipa | ||||
Refunding Special Tax Bonds | ||||
Community Facilities District No. 98-1 | ||||
Series 2011 | ||||
09/01/2030 | 5.375% | 1,500,000 | 1,506,260 | |
Elk Grove Unified School District | ||||
Refunding Special Tax Bonds | ||||
Community Facilities District No. 1 | ||||
Series 1995 (AMBAC) | ||||
12/01/2024 | 6.500% | 1,315,000 | 1,387,840 | |
Inglewood Redevelopment Agency Successor Agency | ||||
Refunding Tax Allocation Bonds | ||||
Merged Redevelopment Project | ||||
Series 1998A (AMBAC) | ||||
05/01/2023 | 5.250% | 530,000 | 541,670 | |
Inland Valley Development Agency | ||||
Refunding Tax Allocation Bonds | ||||
Series 2014A | ||||
09/01/2044 | 5.000% | 5,000,000 | 5,204,202 | |
Irvine Unified School District | ||||
Special Tax Bonds | ||||
Community Facilities District Number 09-1 | ||||
Series 2019A | ||||
09/01/2038 | 4.000% | 275,000 | 274,151 | |
09/01/2040 | 4.000% | 690,000 | 675,634 | |
Jurupa Public Financing Authority | ||||
Refunding Special Tax Bonds | ||||
Series 2014A | ||||
09/01/2042 | 5.000% | 1,000,000 | 1,050,121 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Mountain View Shoreline Regional Park Community | ||||
Tax Allocation Bonds | ||||
Series 2011A | ||||
08/01/2035 | 5.625% | 1,300,000 | 1,303,052 | |
08/01/2040 | 5.750% | 2,000,000 | 2,004,877 | |
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 | 1,974,509 | |
Poway Unified School District Public Financing Authority | ||||
Special Tax Refunding Bonds | ||||
Series 2015B (BAM) | ||||
09/01/2035 | 5.000% | 1,400,000 | 1,494,272 | |
San Francisco City & County Redevelopment Agency | ||||
Tax Allocation Bonds | ||||
Mission Bay South Redevelopment Project | ||||
Series 2014A | ||||
08/01/2043 | 5.000% | 1,000,000 | 1,048,485 | |
Santa Monica Redevelopment Agency | ||||
Tax Allocation Bonds | ||||
Earthquake Recovery Redevelopment | ||||
Series 2011 | ||||
07/01/2036 | 5.875% | 1,250,000 | 1,254,134 | |
Transbay Joint Powers Authority | ||||
Senior Tax Allocation Bonds | ||||
Green Bonds | ||||
Series 2020A | ||||
10/01/2045 | 5.000% | 1,000,000 | 1,082,517 | |
10/01/2049 | 5.000% | 1,000,000 | 1,079,359 | |
Total | 35,354,599 | |||
State Appropriated 2.5% | ||||
California State Public Works Board | ||||
Refunding Revenue Bonds | ||||
Various Purpose | ||||
Series 2022A | ||||
08/01/2035 | 5.000% | 3,750,000 | 4,279,705 | |
Revenue Bonds | ||||
Judicial Council Projects | ||||
Series 2013A | ||||
03/01/2038 | 5.000% | 2,500,000 | 2,554,481 | |
Series 2014B | ||||
10/01/2039 | 5.000% | 1,000,000 | 1,050,770 | |
Various Capital Projects | ||||
Series 2020B | ||||
03/01/2045 | 4.000% | 1,875,000 | 1,880,822 | |
Various Correctional Facilities | ||||
Series 2014A | ||||
09/01/2039 | 5.000% | 3,895,000 | 4,086,624 | |
Total | 13,852,402 |
14 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
State General Obligation 2.9% | ||||
Commonwealth of Puerto Rico(e),(g) | ||||
Unlimited General Obligation Bonds | ||||
Series 2021A | ||||
07/01/2024 | 0.000% | 95,247 | 86,601 | |
Commonwealth of Puerto Rico(g) | ||||
Unlimited General Obligation Bonds | ||||
Series 2021-A1 | ||||
07/01/2031 | 5.750% | 595,264 | 650,116 | |
07/01/2033 | 4.000% | 185,161 | 171,709 | |
07/01/2035 | 4.000% | 166,435 | 153,853 | |
07/01/2037 | 4.000% | 142,845 | 128,344 | |
07/01/2041 | 4.000% | 194,215 | 174,429 | |
07/01/2046 | 4.000% | 641,981 | 562,294 | |
State of California | ||||
Unlimited General Obligation Bonds | ||||
Series 2019 | ||||
04/01/2045 | 3.250% | 3,650,000 | 3,308,838 | |
Various Purpose - Bid Group A | ||||
Series 2018 | ||||
10/01/2048 | 5.000% | 10,000,000 | 10,879,739 | |
Unrefunded Unlimited General Obligation Bonds | ||||
Series 2004 | ||||
04/01/2029 | 5.300% | 2,000 | 2,005 | |
Total | 16,117,928 | |||
Tobacco 2.9% | ||||
California County Tobacco Securitization Agency(e) | ||||
Refunding Revenue Bonds | ||||
Capital Allocation | ||||
Subordinated Series 2020B-2 | ||||
06/01/2055 | 0.000% | 17,780,000 | 3,159,966 | |
Sonoma County Securitization Corp. | ||||
Series 2020 | ||||
06/01/2055 | 0.000% | 10,000,000 | 1,884,275 | |
Golden State Tobacco Securitization Corp.(e) | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2021B-2 | ||||
06/01/2066 | 0.000% | 40,000,000 | 4,306,264 | |
Tobacco Securitization Authority of Northern California(e) | ||||
Refunding Revenue Bonds | ||||
Sacramento County Tobacco Securitization Corp. Senior Bonds | ||||
Series 2021 | ||||
06/01/2060 | 0.000% | 5,000,000 | 779,776 | |
Tobacco Securitization Authority of Southern California | ||||
Refunding Revenue Bonds | ||||
San Diego County Tobacco Asset Securitization Corp. | ||||
Series 2019 | ||||
06/01/2048 | 5.000% | 4,890,000 | 5,048,520 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
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 | 1,217,819 | |
Total | 16,396,620 | |||
Turnpike / Bridge / Toll Road 2.1% | ||||
Foothill-Eastern Transportation Corridor Agency(e) | ||||
Refunding Revenue Bonds | ||||
Series 2015 | ||||
01/15/2033 | 0.000% | 5,000,000 | 3,280,919 | |
Foothill-Eastern Transportation Corridor Agency | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2019B-2 | ||||
01/15/2053 | 3.500% | 5,000,000 | 4,071,680 | |
Riverside County Transportation Commission | ||||
Refunding Revenue Bonds | ||||
RCTC 91 Express Lanes | ||||
Series 2021 | ||||
06/01/2046 | 4.000% | 525,000 | 499,137 | |
Riverside County Transportation Commission(e) | ||||
Revenue Bonds | ||||
Capital Appreciation - Senior Lien | ||||
Series 2013B | ||||
06/01/2032 | 0.000% | 2,055,000 | 1,320,523 | |
06/01/2033 | 0.000% | 2,940,000 | 1,798,206 | |
Unrefunded Revenue Bonds | ||||
Senior Lien | ||||
Series 2013 | ||||
06/01/2029 | 0.000% | 1,265,000 | 941,684 | |
Total | 11,912,149 | |||
Water & Sewer 1.8% | ||||
City of Riverside Sewer | ||||
Refunding Revenue Bonds | ||||
Series 2015A | ||||
08/01/2040 | 5.000% | 3,185,000 | 3,373,365 | |
City of Tulare Sewer | ||||
Refunding Revenue Bonds | ||||
Series 2015 (AGM) | ||||
11/15/2041 | 5.000% | 2,000,000 | 2,133,711 | |
Mountain House Public Financing Authority | ||||
Revenue Bonds | ||||
Green Bonds | ||||
Series 2020A (BAM) | ||||
12/01/2055 | 4.000% | 4,500,000 | 4,506,330 | |
Total | 10,013,406 | |||
Total Municipal Bonds (Cost $602,009,271) | 563,357,618 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 15 |
April 30, 2022 (Unaudited)
Money Market Funds 1.6% | ||
Shares | Value ($) | |
Dreyfus Tax Exempt Cash Management Fund, Institutional Shares, 0.318%(j) | 262,882 | 262,855 |
JPMorgan Institutional Tax Free Money Market Fund, Institutional Shares, 0.283%(j) | 8,569,003 | 8,569,003 |
Total Money Market Funds (Cost $8,831,875) | 8,831,858 | |
Total Investments in Securities (Cost: $613,518,161) | 574,351,658 | |
Other Assets & Liabilities, Net | (17,515,924) | |
Net Assets | 556,835,734 |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 10-Year Note | (458) | 06/2022 | USD | (54,573,562) | 1,326,929 | — |
(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 April 30, 2022. |
(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 April 30, 2022, the total value of these securities amounted to $88,665,301, which represents 15.92% of total net assets. |
(e) | Zero coupon bond. |
(f) | Represents a security purchased on a when-issued basis. |
(g) | 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 April 30, 2022, the total value of these securities amounted to $33,648,554, which represents 6.04% of total net assets. |
(h) | Represents securities that have defaulted on payment of interest. The Fund has stopped accruing interest on these securities. At April 30, 2022, the total value of these securities amounted to $11,361,050, which represents 2.04% of total net assets. |
(i) | Inverse floating rate security issued by a tender option bond (TOB) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust. The interest rate shown was the current rate as of April 30, 2022. |
(j) | The rate shown is the seven-day current annualized yield at April 30, 2022. |
ACA | ACA Financial Guaranty Corporation |
AGM | Assured Guaranty Municipal Corporation |
AMBAC | Ambac Assurance Corporation |
BAM | Build America Mutual Assurance Co. |
FHLMC | Federal Home Loan Mortgage Corporation |
GNMA | Government National Mortgage Association |
NPFGC | National Public Finance Guarantee Corporation |
16 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Commercial Mortgage-Backed Securities - Agency | — | 2,062,182 | — | 2,062,182 |
Floating Rate Notes | — | 100,000 | — | 100,000 |
Municipal Bonds | — | 563,357,618 | — | 563,357,618 |
Money Market Funds | 8,831,858 | — | — | 8,831,858 |
Total Investments in Securities | 8,831,858 | 565,519,800 | — | 574,351,658 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 1,326,929 | — | — | 1,326,929 |
Total | 10,158,787 | 565,519,800 | — | 575,678,587 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 17 |
April 30, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $613,518,161) | $574,351,658 |
Cash | 16,751 |
Margin deposits on: | |
Futures contracts | 857,199 |
Receivable for: | |
Investments sold | 14,330 |
Capital shares sold | 2,486,138 |
Interest | 6,361,011 |
Variation margin for futures contracts | 93,031 |
Expense reimbursement due from Investment Manager | 376 |
Prepaid expenses | 5,585 |
Trustees’ deferred compensation plan | 133,712 |
Total assets | 584,319,791 |
Liabilities | |
Payable for: | |
Investments purchased on a delayed delivery basis | 15,507,148 |
Capital shares purchased | 10,214,268 |
Distributions to shareholders | 1,511,150 |
Management services fees | 7,141 |
Distribution and/or service fees | 1,924 |
Transfer agent fees | 43,989 |
Compensation of board members | 42,567 |
Other expenses | 22,158 |
Trustees’ deferred compensation plan | 133,712 |
Total liabilities | 27,484,057 |
Net assets applicable to outstanding capital stock | $556,835,734 |
Represented by | |
Paid in capital | 600,743,289 |
Total distributable earnings (loss) | (43,907,555) |
Total - representing net assets applicable to outstanding capital stock | $556,835,734 |
18 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Class A | |
Net assets | $291,639,436 |
Shares outstanding | 10,625,459 |
Net asset value per share | $27.45 |
Maximum sales charge | 3.00% |
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) | $28.30 |
Advisor Class | |
Net assets | $6,153,023 |
Shares outstanding | 223,995 |
Net asset value per share | $27.47 |
Class C | |
Net assets | $16,298,098 |
Shares outstanding | 593,784 |
Net asset value per share | $27.45 |
Institutional Class | |
Net assets | $232,329,285 |
Shares outstanding | 8,461,151 |
Net asset value per share | $27.46 |
Institutional 2 Class | |
Net assets | $2,220,773 |
Shares outstanding | 80,767 |
Net asset value per share | $27.50 |
Institutional 3 Class | |
Net assets | $8,195,119 |
Shares outstanding | 296,899 |
Net asset value per share | $27.60 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 19 |
Six Months Ended April 30, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $2,945 |
Interest | 11,268,654 |
Total income | 11,271,599 |
Expenses: | |
Management services fees | 1,562,889 |
Distribution and/or service fees | |
Class A | 390,586 |
Class C | 85,743 |
Transfer agent fees | |
Class A | 125,413 |
Advisor Class | 2,231 |
Class C | 7,110 |
Institutional Class | 120,978 |
Institutional 2 Class | 776 |
Institutional 3 Class | 334 |
Compensation of board members | 12,929 |
Custodian fees | 6,484 |
Printing and postage fees | 10,549 |
Registration fees | 9,043 |
Audit fees | 14,629 |
Legal fees | 8,139 |
Interest on interfund lending | 1,071 |
Compensation of chief compliance officer | 80 |
Other | 8,867 |
Total expenses | 2,367,851 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (46,334) |
Fees waived by distributor | |
Class A | (57,665) |
Class C | (19,710) |
Total net expenses | 2,244,142 |
Net investment income | 9,027,457 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (2,121,451) |
Futures contracts | (811,589) |
Swap contracts | 55,000 |
Net realized loss | (2,878,040) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (76,064,417) |
Futures contracts | 1,307,001 |
Net change in unrealized appreciation (depreciation) | (74,757,416) |
Net realized and unrealized loss | (77,635,456) |
Net decrease in net assets resulting from operations | $(68,607,999) |
20 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
Six Months Ended April 30, 2022 (Unaudited) | Year Ended October 31, 2021 | |
Operations | ||
Net investment income | $9,027,457 | $16,662,541 |
Net realized loss | (2,878,040) | (385,543) |
Net change in unrealized appreciation (depreciation) | (74,757,416) | 6,159,439 |
Net increase (decrease) in net assets resulting from operations | (68,607,999) | 22,436,437 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (5,115,101) | (9,312,102) |
Advisor Class | (96,960) | (166,820) |
Class C | (242,784) | (504,032) |
Institutional Class | (5,240,614) | (8,784,913) |
Institutional 2 Class | (42,429) | (75,158) |
Institutional 3 Class | (174,835) | (280,494) |
Total distributions to shareholders | (10,912,723) | (19,123,519) |
Increase (decrease) in net assets from capital stock activity | (113,493,268) | 117,508,991 |
Total increase (decrease) in net assets | (193,013,990) | 120,821,909 |
Net assets at beginning of period | 749,849,724 | 629,027,815 |
Net assets at end of period | $556,835,734 | $749,849,724 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 21 |
Six Months Ended | Year Ended | |||
April 30, 2022 (Unaudited) | October 31, 2021 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 502,818 | 15,128,103 | 1,669,589 | 52,579,109 |
Distributions reinvested | 145,508 | 4,349,389 | 249,597 | 7,839,033 |
Redemptions | (1,164,017) | (34,250,710) | (1,471,663) | (46,235,237) |
Net increase (decrease) | (515,691) | (14,773,218) | 447,523 | 14,182,905 |
Advisor Class | ||||
Subscriptions | 71,055 | 2,023,539 | 152,743 | 4,820,360 |
Distributions reinvested | 3,236 | 96,797 | 5,297 | 166,515 |
Redemptions | (56,634) | (1,686,830) | (97,724) | (3,075,946) |
Net increase | 17,657 | 433,506 | 60,316 | 1,910,929 |
Class C | ||||
Subscriptions | 56,844 | 1,698,287 | 80,679 | 2,533,992 |
Distributions reinvested | 7,135 | 213,522 | 14,047 | 441,031 |
Redemptions | (108,119) | (3,196,499) | (228,115) | (7,181,925) |
Net decrease | (44,140) | (1,284,690) | (133,389) | (4,206,902) |
Institutional Class | ||||
Subscriptions | 1,195,333 | 36,151,115 | 4,891,749 | 154,009,974 |
Distributions reinvested | 99,996 | 2,988,605 | 163,010 | 5,122,037 |
Redemptions | (4,538,252) | (135,580,950) | (1,794,004) | (56,291,837) |
Net increase (decrease) | (3,242,923) | (96,441,230) | 3,260,755 | 102,840,174 |
Institutional 2 Class | ||||
Subscriptions | 1,399 | 43,945 | 30,507 | 955,518 |
Distributions reinvested | 1,412 | 42,274 | 2,379 | 74,866 |
Redemptions | (10,847) | (322,244) | (17,998) | (566,540) |
Net increase (decrease) | (8,036) | (236,025) | 14,888 | 463,844 |
Institutional 3 Class | ||||
Subscriptions | 90,560 | 2,697,989 | 121,159 | 3,832,501 |
Distributions reinvested | 5,810 | 174,670 | 8,867 | 280,073 |
Redemptions | (139,910) | (4,064,270) | (56,741) | (1,794,533) |
Net increase (decrease) | (43,540) | (1,191,611) | 73,285 | 2,318,041 |
Total net increase (decrease) | (3,836,673) | (113,493,268) | 3,723,378 | 117,508,991 |
22 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 23 |
Net asset value, beginning of period | Net investment income | 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(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $31.08 | 0.38 | (3.55) | (3.17) | (0.38) | (0.08) | (0.46) |
Year Ended 10/31/2021 | $30.83 | 0.74 | 0.37 | 1.11 | (0.74) | (0.12) | (0.86) |
Year Ended 10/31/2020 | $31.12 | 0.81 | 0.01(g) | 0.82 | (0.81) | (0.30) | (1.11) |
Year Ended 10/31/2019 | $29.49 | 1.00 | 1.71 | 2.71 | (1.00) | (0.08) | (1.08) |
Year Ended 10/31/2018 | $30.87 | 1.08 | (1.26) | (0.18) | (1.04) | (0.16) | (1.20) |
Year Ended 10/31/2017 | $31.74 | 1.12 | (0.67) | 0.45 | (1.12) | (0.20) | (1.32) |
Advisor Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $31.11 | 0.41 | (3.56) | (3.15) | (0.41) | (0.08) | (0.49) |
Year Ended 10/31/2021 | $30.86 | 0.80 | 0.37 | 1.17 | (0.80) | (0.12) | (0.92) |
Year Ended 10/31/2020 | $31.14 | 0.89 | 0.01(g) | 0.90 | (0.88) | (0.30) | (1.18) |
Year Ended 10/31/2019 | $29.50 | 1.04 | 1.72 | 2.76 | (1.04) | (0.08) | (1.12) |
Year Ended 10/31/2018 | $30.88 | 1.16 | (1.26) | (0.10) | (1.12) | (0.16) | (1.28) |
Year Ended 10/31/2017 | $31.75 | 1.16 | (0.63) | 0.53 | (1.20) | (0.20) | (1.40) |
Class C(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $31.08 | 0.31 | (3.55) | (3.24) | (0.31) | (0.08) | (0.39) |
Year Ended 10/31/2021 | $30.83 | 0.58 | 0.37 | 0.95 | (0.58) | (0.12) | (0.70) |
Year Ended 10/31/2020 | $31.12 | 0.67 | 0.01(g) | 0.68 | (0.67) | (0.30) | (0.97) |
Year Ended 10/31/2019 | $29.49 | 0.84 | 1.71 | 2.55 | (0.84) | (0.08) | (0.92) |
Year Ended 10/31/2018 | $30.87 | 0.92 | (1.22) | (0.30) | (0.92) | (0.16) | (1.08) |
Year Ended 10/31/2017 | $31.75 | 0.96 | (0.68) | 0.28 | (0.96) | (0.20) | (1.16) |
Institutional Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $31.09 | 0.41 | (3.55) | (3.14) | (0.41) | (0.08) | (0.49) |
Year Ended 10/31/2021 | $30.85 | 0.80 | 0.36 | 1.16 | (0.80) | (0.12) | (0.92) |
Year Ended 10/31/2020 | $31.13 | 0.88 | 0.02(g) | 0.90 | (0.88) | (0.30) | (1.18) |
Year Ended 10/31/2019 | $29.50 | 1.08 | 1.67 | 2.75 | (1.04) | (0.08) | (1.12) |
Year Ended 10/31/2018 | $30.88 | 1.12 | (1.22) | (0.10) | (1.12) | (0.16) | (1.28) |
Year Ended 10/31/2017 | $31.76 | 1.20 | (0.68) | 0.52 | (1.20) | (0.20) | (1.40) |
Institutional 2 Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $31.14 | 0.42 | (3.57) | (3.15) | (0.41) | (0.08) | (0.49) |
Year Ended 10/31/2021 | $30.89 | 0.81 | 0.37 | 1.18 | (0.81) | (0.12) | (0.93) |
Year Ended 10/31/2020 | $31.18 | 0.90 | 0.00(g),(j) | 0.90 | (0.89) | (0.30) | (1.19) |
Year Ended 10/31/2019 | $29.54 | 1.00 | 1.80 | 2.80 | (1.08) | (0.08) | (1.16) |
Year Ended 10/31/2018 | $30.92 | 1.16 | (1.22) | (0.06) | (1.16) | (0.16) | (1.32) |
Year Ended 10/31/2017 | $31.80 | 1.20 | (0.68) | 0.52 | (1.20) | (0.20) | (1.40) |
24 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
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 ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $27.45 | (10.31%) | 0.78%(d),(e) | 0.74%(d),(e) | 2.55%(d) | 12% | $291,639 |
Year Ended 10/31/2021 | $31.08 | 3.61% | 0.80% | 0.74%(f) | 2.35% | 14% | $346,280 |
Year Ended 10/31/2020 | $30.83 | 2.69% | 0.81% | 0.78%(f) | 2.64% | 30% | $329,728 |
Year Ended 10/31/2019 | $31.12 | 9.31% | 0.82%(e) | 0.80%(e),(f) | 3.26% | 37% | $347,854 |
Year Ended 10/31/2018 | $29.49 | (0.62%) | 0.82% | 0.82%(f) | 3.52% | 13% | $323,725 |
Year Ended 10/31/2017 | $30.87 | 1.49% | 0.82%(h) | 0.81%(f),(h) | 3.61% | 17% | $339,354 |
Advisor Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $27.47 | (10.24%) | 0.55%(d),(e) | 0.54%(d),(e) | 2.75%(d) | 12% | $6,153 |
Year Ended 10/31/2021 | $31.11 | 3.82% | 0.55% | 0.54%(f) | 2.55% | 14% | $6,418 |
Year Ended 10/31/2020 | $30.86 | 3.03% | 0.56% | 0.54%(f) | 2.88% | 30% | $4,506 |
Year Ended 10/31/2019 | $31.14 | 9.59% | 0.57%(e) | 0.54%(e),(f) | 3.37% | 37% | $6,206 |
Year Ended 10/31/2018 | $29.50 | (0.38%) | 0.57% | 0.57%(f) | 3.76% | 13% | $1,363 |
Year Ended 10/31/2017 | $30.88 | 1.75% | 0.57% | 0.56%(f) | 3.82% | 17% | $3,231 |
Class C(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $27.45 | (10.53%) | 1.46%(d),(e) | 1.24%(d),(e) | 2.04%(d) | 12% | $16,298 |
Year Ended 10/31/2021 | $31.08 | 3.09% | 1.55% | 1.24%(f) | 1.86% | 14% | $19,828 |
Year Ended 10/31/2020 | $30.83 | 2.22% | 1.56% | 1.24%(f),(i) | 2.19% | 30% | $23,783 |
Year Ended 10/31/2019 | $31.12 | 8.82% | 1.57%(e) | 1.25%(e),(f),(i) | 2.82% | 37% | $31,410 |
Year Ended 10/31/2018 | $29.49 | (1.07%) | 1.57% | 1.27%(f),(i) | 3.07% | 13% | $35,145 |
Year Ended 10/31/2017 | $30.87 | 1.03% | 1.57%(h) | 1.26%(f),(h),(i) | 3.16% | 17% | $46,521 |
Institutional Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $27.46 | (10.21%) | 0.55%(d),(e) | 0.54%(d),(e) | 2.71%(d) | 12% | $232,329 |
Year Ended 10/31/2021 | $31.09 | 3.78% | 0.55% | 0.54%(f) | 2.54% | 14% | $363,917 |
Year Ended 10/31/2020 | $30.85 | 3.00% | 0.56% | 0.54%(f) | 2.87% | 30% | $260,443 |
Year Ended 10/31/2019 | $31.13 | 9.58% | 0.57%(e) | 0.55%(e),(f) | 3.49% | 37% | $192,055 |
Year Ended 10/31/2018 | $29.50 | (0.37%) | 0.57% | 0.57%(f) | 3.77% | 13% | $143,156 |
Year Ended 10/31/2017 | $30.88 | 1.74% | 0.57%(h) | 0.56%(f),(h) | 3.86% | 17% | $120,839 |
Institutional 2 Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $27.50 | (10.22%) | 0.53%(d),(e) | 0.52%(d),(e) | 2.76%(d) | 12% | $2,221 |
Year Ended 10/31/2021 | $31.14 | 3.83% | 0.54% | 0.52% | 2.57% | 14% | $2,765 |
Year Ended 10/31/2020 | $30.89 | 2.89% | 0.54% | 0.52% | 2.92% | 30% | $2,283 |
Year Ended 10/31/2019 | $31.18 | 9.59% | 0.56%(e) | 0.53%(e) | 3.29% | 37% | $3,302 |
Year Ended 10/31/2018 | $29.54 | (0.21%) | 0.56% | 0.55% | 3.80% | 13% | $196 |
Year Ended 10/31/2017 | $30.92 | 1.75% | 0.55%(h) | 0.53%(h) | 3.95% | 17% | $78 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 25 |
Net asset value, beginning of period | Net investment income | 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(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $31.26 | 0.43 | (3.59) | (3.16) | (0.42) | (0.08) | (0.50) |
Year Ended 10/31/2021 | $31.01 | 0.82 | 0.38 | 1.20 | (0.83) | (0.12) | (0.95) |
Year Ended 10/31/2020 | $31.29 | 0.91 | 0.02(g) | 0.93 | (0.91) | (0.30) | (1.21) |
Year Ended 10/31/2019 | $29.65 | 1.08 | 1.72 | 2.80 | (1.08) | (0.08) | (1.16) |
Year Ended 10/31/2018 | $31.03 | 1.16 | (1.22) | (0.06) | (1.16) | (0.16) | (1.32) |
Year Ended 10/31/2017(k) | $30.52 | 0.80 | 0.51(g) | 1.31 | (0.80) | — | (0.80) |
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) | Per share amounts have been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
(d) | Annualized. |
(e) | Ratios include interfund lending expense which is less than 0.01%. |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(g) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(h) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Year Ended | Class A | Class C | Institutional Class | Institutional 2 Class |
10/31/2017 | 0.01% | 0.01% | 0.01% | 0.01% |
(i) | Ratios include the impact of voluntary waivers paid by the Investment Manager. For the periods indicated below, if the Investment Manager had not paid these voluntary waivers, the Fund’s net expense ratio would increase by: |
10/31/2020 | 10/31/2019 | 10/31/2018 | 10/31/2017 | |
Class C | 0.25% | 0.30% | 0.30% | 0.30% |
(j) | Rounds to zero. |
(k) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
26 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
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 ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $27.60 | (10.22%) | 0.48%(d),(e) | 0.47%(d),(e) | 2.81%(d) | 12% | $8,195 |
Year Ended 10/31/2021 | $31.26 | 3.88% | 0.48% | 0.47% | 2.62% | 14% | $10,641 |
Year Ended 10/31/2020 | $31.01 | 3.07% | 0.49% | 0.47% | 2.94% | 30% | $8,284 |
Year Ended 10/31/2019 | $31.29 | 9.63% | 0.50%(e) | 0.48%(e) | 3.55% | 37% | $6,648 |
Year Ended 10/31/2018 | $29.65 | (0.28%) | 0.50% | 0.50% | 3.85% | 13% | $3,905 |
Year Ended 10/31/2017(k) | $31.03 | 4.34% | 0.52%(d) | 0.51%(d) | 3.93%(d) | 17% | $3,187 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 27 |
April 30, 2022 (Unaudited)
28 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 29 |
April 30, 2022 (Unaudited)
30 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 1,326,929* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin 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 | Futures contracts ($) | Swap contracts ($) | Total ($) |
Interest rate risk | (811,589) | 55,000 | (756,589) |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 31 |
April 30, 2022 (Unaudited)
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | 1,307,001 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — short | 50,513,110 |
Derivative instrument | Average unrealized appreciation ($)** | Average unrealized depreciation ($)** |
Interest rate swap contracts | 1,900 | (9,674) |
* | Based on the ending quarterly outstanding amounts for the six months ended April 30, 2022. |
** | Based on the ending daily outstanding amounts for the six months ended April 30, 2022. |
32 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 33 |
April 30, 2022 (Unaudited)
Effective rate (%) | |
Class A | 0.08 |
Advisor Class | 0.08 |
Class C | 0.08 |
Institutional Class | 0.08 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
34 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 3.00 | 0.75(a) | 39,462 |
Class C | — | 1.00(b) | 266 |
(a) | This charge is imposed on certain investments of $500,000 or more if redeemed within 12 months after purchase. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
March 1, 2022 through February 28, 2023 | Prior to March 1, 2022 | |
Class A | 0.74% | 0.79% |
Advisor Class | 0.54 | 0.54 |
Class C | 1.24 | 1.54 |
Institutional Class | 0.54 | 0.54 |
Institutional 2 Class | 0.52 | 0.52 |
Institutional 3 Class | 0.47 | 0.47 |
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 35 |
April 30, 2022 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
613,518,000 | 8,312,000 | (46,151,000) | (37,839,000) |
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 63,500,000 | 0.61 | 1 |
36 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 37 |
April 30, 2022 (Unaudited)
38 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 | 39 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
40 | Columbia Strategic California Municipal Income Fund | Semiannual Report 2022 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
April 30, 2022 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended April 30, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 12/09/02 | -7.39 | -7.49 | 0.79 | 1.29 |
Including sales charges | -10.19 | -10.26 | 0.17 | 0.98 | ||
Advisor Class* | 03/19/13 | -7.28 | -7.27 | 1.04 | 1.55 | |
Class C | Excluding sales charges | 12/09/02 | -7.51 | -7.91 | 0.33 | 0.85 |
Including sales charges | -8.42 | -8.81 | 0.33 | 0.85 | ||
Institutional Class | 06/14/93 | -7.18 | -7.26 | 1.04 | 1.55 | |
Institutional 2 Class* | 03/01/16 | -7.23 | -7.20 | 1.10 | 1.59 | |
Institutional 3 Class* | 03/01/17 | -7.19 | -7.12 | 1.16 | 1.61 | |
Class V | Excluding sales charges | 06/26/00 | -7.34 | -7.40 | 0.89 | 1.40 |
Including sales charges | -11.76 | -11.77 | -0.09 | 0.90 | ||
Bloomberg 3-15 Year Blend Municipal Bond Index | -7.17 | -7.28 | 1.62 | 2.21 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. 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. |
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 3 |
(Unaudited)
Quality breakdown (%) (at April 30, 2022) | |
AAA rating | 3.6 |
AA rating | 53.6 |
A rating | 22.6 |
BBB rating | 16.7 |
BB rating | 3.0 |
Not rated | 0.5 |
Total | 100.0 |
4 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
(Unaudited)
November 1, 2021 — April 30, 2022 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 926.10 | 1,020.94 | 3.84 | 4.03 | 0.80 |
Advisor Class | 1,000.00 | 1,000.00 | 927.20 | 1,022.19 | 2.64 | 2.77 | 0.55 |
Class C | 1,000.00 | 1,000.00 | 924.90 | 1,018.70 | 6.00 | 6.29 | 1.25 |
Institutional Class | 1,000.00 | 1,000.00 | 928.20 | 1,022.19 | 2.64 | 2.77 | 0.55 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 927.70 | 1,022.44 | 2.40 | 2.52 | 0.50 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 928.10 | 1,022.69 | 2.16 | 2.27 | 0.45 |
Class V | 1,000.00 | 1,000.00 | 926.60 | 1,021.44 | 3.36 | 3.53 | 0.70 |
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 5 |
April 30, 2022 (Unaudited)
Municipal Bonds 98.8% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Airport 5.7% | ||||
Massachusetts Port Authority(a) | ||||
Refunding Revenue Bonds | ||||
BosFuel Project | ||||
Series 2019A | ||||
07/01/2038 | 5.000% | 1,000,000 | 1,071,614 | |
Series 2021B | ||||
07/01/2038 | 5.000% | 850,000 | 932,690 | |
Revenue Bonds | ||||
Series 2019C | ||||
07/01/2027 | 5.000% | 1,865,000 | 2,035,577 | |
07/01/2035 | 5.000% | 2,000,000 | 2,164,880 | |
Series 2021E | ||||
07/01/2038 | 5.000% | 1,000,000 | 1,097,283 | |
Massachusetts Port Authority | ||||
Refunding Revenue Bonds | ||||
Series 2014C | ||||
07/01/2031 | 5.000% | 1,900,000 | 1,990,232 | |
Revenue Bonds | ||||
Series 2015A | ||||
07/01/2026 | 5.000% | 600,000 | 641,521 | |
Total | 9,933,797 | |||
Charter Schools 2.0% | ||||
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
Foxborough Regional Charter | ||||
Series 2017 | ||||
07/01/2037 | 5.000% | 1,800,000 | 1,840,032 | |
International Charter School | ||||
Series 2015 | ||||
04/15/2025 | 5.000% | 315,000 | 322,118 | |
04/15/2033 | 5.000% | 1,335,000 | 1,369,364 | |
Total | 3,531,514 | |||
Higher Education 21.7% | ||||
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
Babson College | ||||
Series 2015A | ||||
10/01/2025 | 5.000% | 600,000 | 646,367 | |
Series 2022 | ||||
10/01/2039 | 4.000% | 400,000 | 412,550 | |
Boston University | ||||
Series 2006BB2 | ||||
10/01/2037 | 4.000% | 2,120,000 | 2,137,547 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Brandeis University | ||||
Series 2018R | ||||
10/01/2035 | 5.000% | 1,005,000 | 1,110,728 | |
10/01/2036 | 5.000% | 1,140,000 | 1,258,753 | |
Series 2019 | ||||
10/01/2036 | 5.000% | 1,535,000 | 1,701,043 | |
College of the Holy Cross | ||||
Series 2016A | ||||
09/01/2034 | 5.000% | 500,000 | 543,475 | |
Emerson College | ||||
Series 2017A | ||||
01/01/2033 | 5.000% | 1,500,000 | 1,610,966 | |
01/01/2034 | 5.000% | 1,000,000 | 1,072,140 | |
Harvard University | ||||
Series 2020A | ||||
10/15/2028 | 5.000% | 500,000 | 573,037 | |
Simmons College | ||||
Series 2015K-1 | ||||
10/01/2026 | 5.000% | 3,005,001 | 3,197,027 | |
10/01/2028 | 5.000% | 1,100,000 | 1,164,247 | |
Simmons University | ||||
Series 2018L | ||||
10/01/2034 | 5.000% | 500,000 | 541,671 | |
10/01/2035 | 5.000% | 455,000 | 492,436 | |
Suffolk University | ||||
Series 2019 | ||||
07/01/2035 | 5.000% | 870,000 | 929,855 | |
Tufts University | ||||
Series 2015Q | ||||
08/15/2030 | 5.000% | 1,000,000 | 1,072,379 | |
Western New England University | ||||
Series 2015 | ||||
09/01/2032 | 5.000% | 500,000 | 526,482 | |
09/01/2033 | 5.000% | 1,225,000 | 1,288,771 | |
09/01/2034 | 5.000% | 1,285,000 | 1,351,037 | |
Woods Hole Oceanographic Institution | ||||
Series 2018 | ||||
06/01/2036 | 5.000% | 650,000 | 717,778 | |
Worcester Polytechnic Institute | ||||
Series 2016 | ||||
09/01/2034 | 5.000% | 500,000 | 532,676 | |
Series 2017 | ||||
09/01/2037 | 5.000% | 290,000 | 311,826 | |
Revenue Bonds | ||||
Babson College | ||||
Series 2017 | ||||
10/01/2032 | 5.000% | 885,000 | 970,120 | |
10/01/2033 | 5.000% | 900,000 | 985,283 |
6 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Bentley University | ||||
Series 2016 | ||||
07/01/2035 | 4.000% | 1,000,000 | 1,011,849 | |
07/01/2036 | 4.000% | 1,000,000 | 1,011,228 | |
Boston University | ||||
Series 2019DD (Mandatory Put 04/01/24) | ||||
10/01/2042 | 5.000% | 1,000,000 | 1,034,348 | |
Brandeis University | ||||
Series 2019S-2 | ||||
10/01/2033 | 5.000% | 1,150,000 | 1,278,564 | |
Simmons College | ||||
Series 2006H | ||||
10/01/2033 | 5.250% | 1,000,000 | 1,121,382 | |
Series 2013J | ||||
10/01/2024 | 5.250% | 500,000 | 516,986 | |
10/01/2025 | 5.500% | 450,000 | 466,707 | |
Worcester Polytechnic Institute | ||||
Series 2019 | ||||
09/01/2038 | 5.000% | 865,000 | 945,519 | |
Massachusetts Health & Educational Facilities Authority | ||||
Revenue Bonds | ||||
Boston College | ||||
Series 2008M-1 | ||||
06/01/2024 | 5.500% | 3,000,000 | 3,182,180 | |
University of Massachusetts Building Authority | ||||
Revenue Bonds | ||||
Senior Lien | ||||
Series 2020-1 | ||||
11/01/2032 | 5.000% | 2,000,000 | 2,272,432 | |
Total | 37,989,389 | |||
Hospital 18.3% | ||||
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
Berkshire Health System | ||||
Series 2021 | ||||
10/01/2029 | 5.000% | 250,000 | 284,195 | |
CareGroup | ||||
Series 2015H-1 | ||||
07/01/2030 | 5.000% | 1,170,000 | 1,231,137 | |
Series 2016I | ||||
07/01/2033 | 5.000% | 3,000,000 | 3,235,377 | |
Lahey Clinic Obligation | ||||
Series 2015F | ||||
08/15/2031 | 5.000% | 3,000,000 | 3,157,216 | |
08/15/2034 | 5.000% | 2,250,000 | 2,362,902 | |
Partners HealthCare System | ||||
Series 2016 | ||||
07/01/2031 | 5.000% | 3,000,000 | 3,237,817 | |
Series 2020 | ||||
07/01/2037 | 5.000% | 2,250,000 | 2,473,263 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2020 (Mandatory Put 01/31/30) | ||||
07/01/2050 | 5.000% | 4,000,000 | 4,524,950 | |
Series 2019A (AGM) | ||||
07/01/2034 | 5.000% | 1,200,000 | 1,309,028 | |
Series 2019O | ||||
12/01/2035 | 5.000% | 175,000 | 192,755 | |
Series 2021G | ||||
07/01/2038 | 5.000% | 225,000 | 247,255 | |
UMass Memorial Healthcare | ||||
Series 2016I | ||||
07/01/2030 | 5.000% | 2,295,000 | 2,460,762 | |
Series 2017 | ||||
07/01/2031 | 5.000% | 1,000,000 | 1,083,452 | |
Revenue Bonds | ||||
Baystate Medical Center | ||||
Series 2014N | ||||
07/01/2028 | 5.000% | 1,000,000 | 1,045,825 | |
07/01/2034 | 5.000% | 1,500,000 | 1,565,525 | |
CareGroup | ||||
Series 2018J1 | ||||
07/01/2036 | 5.000% | 985,000 | 1,072,165 | |
07/01/2037 | 5.000% | 1,035,000 | 1,125,658 | |
Milford Regional Medical Center | ||||
Series 2014F | ||||
07/15/2026 | 5.000% | 315,000 | 322,161 | |
Southcoast Health System Obligation Group | ||||
Series 2013 | ||||
07/01/2027 | 5.000% | 1,050,000 | 1,077,637 | |
Total | 32,009,080 | |||
Human Service Provider 0.6% | ||||
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
Seven Hills Foundation | ||||
Series 2021 | ||||
09/01/2039 | 4.000% | 1,000,000 | 992,541 | |
Joint Power Authority 1.4% | ||||
Berkshire Wind Power Cooperative Corp. | ||||
Refunding Revenue Bonds | ||||
Berkshire Wind Project | ||||
Series 2017 | ||||
07/01/2029 | 5.000% | 1,000,000 | 1,111,674 | |
Massachusetts Municipal Wholesale Electric Co. | ||||
Revenue Bonds | ||||
Project 2015A | ||||
Series 2021A | ||||
07/01/2038 | 4.000% | 750,000 | 758,032 | |
07/01/2039 | 4.000% | 620,000 | 625,417 | |
Total | 2,495,123 |
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 7 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Local General Obligation 1.8% | ||||
City of Worcester | ||||
Limited General Obligation Bonds | ||||
Ballpark Project | ||||
Series 2020B | ||||
02/01/2029 | 4.000% | 415,000 | 441,328 | |
02/01/2031 | 4.000% | 495,000 | 521,635 | |
Town of Sharon | ||||
Limited General Obligation Bonds | ||||
Series 2020 | ||||
02/15/2029 | 5.000% | 2,000,000 | 2,274,200 | |
Total | 3,237,163 | |||
Multi-Family 1.9% | ||||
Massachusetts Development Finance Agency | ||||
Revenue Bonds | ||||
UMass Boston Student Housing Project | ||||
Series 2016 | ||||
10/01/2033 | 5.000% | 1,235,000 | 1,273,358 | |
10/01/2034 | 5.000% | 2,000,000 | 2,061,305 | |
Total | 3,334,663 | |||
Other Bond Issue 5.7% | ||||
Boston Housing Authority | ||||
Refunding Revenue Bonds | ||||
Series 2020A | ||||
10/01/2027 | 5.000% | 455,000 | 506,142 | |
04/01/2028 | 5.000% | 800,000 | 893,844 | |
Martha’s Vineyard Land Bank | ||||
Refunding Revenue Bonds | ||||
Green Bonds | ||||
Series 2014 | ||||
05/01/2029 | 5.000% | 1,000,000 | 1,062,604 | |
05/01/2031 | 5.000% | 1,000,000 | 1,063,691 | |
Series 2017 (BAM) | ||||
05/01/2034 | 5.000% | 500,000 | 549,299 | |
05/01/2035 | 5.000% | 500,000 | 548,090 | |
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
Broad Institute | ||||
Series 2017 | ||||
04/01/2034 | 5.000% | 2,500,000 | 2,756,463 | |
04/01/2035 | 5.000% | 2,350,000 | 2,588,637 | |
Total | 9,968,770 | |||
Pool / Bond Bank 1.3% | ||||
Massachusetts Clean Water Trust (The) | ||||
Revenue Bonds | ||||
Green Bonds | ||||
Series 2019 | ||||
08/01/2038 | 5.000% | 2,000,000 | 2,245,390 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Prep School 0.6% | ||||
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
Dexter Southfield | ||||
Series 2015 | ||||
05/01/2030 | 5.000% | 1,035,000 | 1,098,878 | |
Refunded / Escrowed 6.0% | ||||
Massachusetts Clean Energy Cooperative Corp. | ||||
Prerefunded 07/01/23 Revenue Bonds | ||||
Municipal Lighting Plant Cooperative | ||||
Series 2013 | ||||
07/01/2027 | 5.000% | 2,720,000 | 2,809,685 | |
Massachusetts Development Finance Agency | ||||
Prerefunded 07/01/25 Revenue Bonds | ||||
Partners HealthCare System | ||||
Series 2015 | ||||
07/01/2032 | 5.000% | 2,795,000 | 3,008,149 | |
Prerefunded 10/01/24 Revenue Bonds | ||||
Children’s Hospital | ||||
Series 2014P | ||||
10/01/2031 | 5.000% | 1,200,000 | 1,271,007 | |
Massachusetts State College Building Authority(b) | ||||
Revenue Bonds | ||||
Capital Appreciation | ||||
Series 1999A Escrowed to Maturity (NPFGC) | ||||
05/01/2028 | 0.000% | 4,000,000 | 3,356,587 | |
Total | 10,445,428 | |||
Retirement Communities 4.7% | ||||
Massachusetts Development Finance Agency | ||||
Refunding Revenue Bonds | ||||
1st Mortgage-Berkshire Retirement Community | ||||
Series 2015 | ||||
07/01/2031 | 5.000% | 1,250,000 | 1,328,284 | |
Orchard Cove, Inc. | ||||
Series 2019 | ||||
10/01/2039 | 4.000% | 985,000 | 988,846 | |
10/01/2039 | 5.000% | 250,000 | 265,022 | |
Massachusetts Development Finance Agency(c),(d) | ||||
Refunding Revenue Bonds | ||||
Loomis Obligated Group | ||||
Series 2022 | ||||
01/01/2031 | 4.000% | 1,500,000 | 1,469,048 | |
Massachusetts Development Finance Agency(c) | ||||
Refunding Revenue Bonds | ||||
Newbridge Charles, Inc. | ||||
Series 2017 | ||||
10/01/2032 | 4.000% | 1,500,000 | 1,581,015 |
8 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Revenue Bonds | ||||
Linden Ponds, Inc. Facility | ||||
Series 2018 | ||||
11/15/2033 | 5.000% | 1,500,000 | 1,609,784 | |
Massachusetts Development Finance Agency(d) | ||||
Refunding Revenue Bonds | ||||
Salem Community Corp. | ||||
Series 2022 | ||||
01/01/2040 | 5.125% | 1,000,000 | 1,010,171 | |
Total | 8,252,170 | |||
Sales Tax 10.3% | ||||
Massachusetts Bay Transportation Authority | ||||
Refunding Revenue Bonds | ||||
Sales Tax Bond | ||||
Subordinated Series 2020B | ||||
07/01/2033 | 5.000% | 1,250,000 | 1,423,980 | |
Senior Sales Tax Bonds | ||||
Series 2004B | ||||
07/01/2030 | 5.250% | 1,770,000 | 2,029,025 | |
Revenue Bonds | ||||
Series 2005B (NPFGC) | ||||
07/01/2023 | 5.500% | 2,890,000 | 3,003,808 | |
Series 2006A | ||||
07/01/2022 | 5.250% | 3,500,000 | 3,522,611 | |
Series 2008B | ||||
07/01/2023 | 5.000% | 910,000 | 940,644 | |
Massachusetts Bay Transportation Authority(b) | ||||
Refunding Revenue Bonds | ||||
Series 2016A | ||||
07/01/2029 | 0.000% | 3,000,000 | 2,390,168 | |
07/01/2032 | 0.000% | 5,105,000 | 3,602,776 | |
Massachusetts School Building Authority | ||||
Revenue Bonds | ||||
Subordinated Series 2019A | ||||
02/15/2029 | 5.000% | 1,000,000 | 1,137,100 | |
Total | 18,050,112 | |||
Single Family 0.3% | ||||
Massachusetts Housing Finance Agency | ||||
Refunding Revenue Bonds | ||||
Social Bonds | ||||
Series 2020-220 (GNMA) | ||||
06/01/2027 | 5.000% | 125,000 | 138,538 | |
12/01/2027 | 5.000% | 100,000 | 111,596 | |
06/01/2028 | 5.000% | 75,000 | 84,021 | |
12/01/2028 | 5.000% | 100,000 | 112,763 | |
06/01/2029 | 5.000% | 75,000 | 84,888 | |
Total | 531,806 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
State General Obligation 8.2% | ||||
Commonwealth of Massachusetts | ||||
Limited General Obligation Bonds | ||||
Series 2016I | ||||
12/01/2030 | 5.000% | 3,000,000 | 3,286,392 | |
Series 2019G | ||||
09/01/2036 | 4.000% | 2,000,000 | 2,069,509 | |
Series 2020B | ||||
03/01/2032 | 4.000% | 2,500,000 | 2,653,543 | |
Limited General Obligation Refunding Bonds | ||||
Series 2020D | ||||
11/01/2036 | 4.000% | 1,000,000 | 1,039,334 | |
Unlimited General Obligation Refunding Bonds | ||||
Series 2004C (AMBAC) | ||||
12/01/2024 | 5.500% | 5,000,000 | 5,389,188 | |
Total | 14,437,966 | |||
Student Loan 1.0% | ||||
Massachusetts Educational Financing Authority(a) | ||||
Revenue Bonds | ||||
Education Loan | ||||
Series 2021 | ||||
07/01/2029 | 5.000% | 1,250,000 | 1,393,886 | |
Series 2020B | ||||
07/01/2028 | 5.000% | 250,000 | 273,717 | |
Total | 1,667,603 | |||
Transportation 0.9% | ||||
Commonwealth of Massachusetts Federal Highway Grant Anticipation Note | ||||
Revenue Bonds | ||||
Accelerated Bridge Program | ||||
Series 2019 | ||||
06/15/2027 | 5.000% | 1,400,000 | 1,532,857 | |
Turnpike / Bridge / Toll Road 3.1% | ||||
Massachusetts Transportation Trust Fund Metropolitan Highway System | ||||
Refunding Revenue Bonds | ||||
Series 2019A | ||||
01/01/2035 | 5.000% | 2,000,000 | 2,229,571 | |
Subordinated Series 2019B | ||||
01/01/2030 | 5.000% | 2,825,000 | 3,197,099 | |
Total | 5,426,670 |
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 9 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Water & Sewer 3.3% | ||||
Massachusetts Water Resources Authority | ||||
Refunding Revenue Bonds | ||||
General | ||||
Series 2007B (AGM / TCRS) | ||||
08/01/2023 | 5.250% | 5,500,000 | 5,711,947 | |
Total Municipal Bonds (Cost $176,809,067) | 172,892,867 |
Money Market Funds 1.8% | ||
Shares | Value ($) | |
Dreyfus Tax Exempt Cash Management Fund, Institutional Shares, 0.318%(e) | 72,400 | 72,393 |
JPMorgan Institutional Tax Free Money Market Fund, Institutional Shares, 0.283%(e) | 3,159,026 | 3,159,026 |
Total Money Market Funds (Cost $3,231,426) | 3,231,419 | |
Total Investments in Securities (Cost: $180,040,493) | 176,124,286 | |
Other Assets & Liabilities, Net | (1,136,567) | |
Net Assets | 174,987,719 |
(a) | Income from this security may be subject to alternative minimum tax. |
(b) | Zero coupon bond. |
(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 April 30, 2022, the total value of these securities amounted to $4,659,847, which represents 2.66% of total net assets. |
(d) | Represents a security purchased on a when-issued basis. |
(e) | The rate shown is the seven-day current annualized yield at April 30, 2022. |
AGM | Assured Guaranty Municipal Corporation |
AMBAC | Ambac Assurance Corporation |
BAM | Build America Mutual Assurance Co. |
GNMA | Government National Mortgage Association |
NPFGC | National Public Finance Guarantee Corporation |
TCRS | Transferable Custody Receipts |
10 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Municipal Bonds | — | 172,892,867 | — | 172,892,867 |
Money Market Funds | 3,231,419 | — | — | 3,231,419 |
Total Investments in Securities | 3,231,419 | 172,892,867 | — | 176,124,286 |
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 11 |
April 30, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $180,040,493) | $176,124,286 |
Receivable for: | |
Capital shares sold | 168,057 |
Interest | 1,986,388 |
Expense reimbursement due from Investment Manager | 490 |
Prepaid expenses | 2,352 |
Trustees’ deferred compensation plan | 104,101 |
Other assets | 1,059 |
Total assets | 178,386,733 |
Liabilities | |
Due to custodian | 13,446 |
Payable for: | |
Investments purchased on a delayed delivery basis | 2,661,760 |
Capital shares purchased | 230,995 |
Distributions to shareholders | 338,176 |
Management services fees | 2,261 |
Distribution and/or service fees | 228 |
Transfer agent fees | 22,046 |
Compensation of board members | 10,351 |
Other expenses | 15,650 |
Trustees’ deferred compensation plan | 104,101 |
Total liabilities | 3,399,014 |
Net assets applicable to outstanding capital stock | $174,987,719 |
Represented by | |
Paid in capital | 179,642,450 |
Total distributable earnings (loss) | (4,654,731) |
Total - representing net assets applicable to outstanding capital stock | $174,987,719 |
12 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Class A | |
Net assets | $23,308,009 |
Shares outstanding | 2,405,219 |
Net asset value per share | $9.69 |
Maximum sales charge | 3.00% |
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) | $9.99 |
Advisor Class | |
Net assets | $2,220,079 |
Shares outstanding | 229,300 |
Net asset value per share | $9.68 |
Class C | |
Net assets | $1,328,424 |
Shares outstanding | 137,132 |
Net asset value per share | $9.69 |
Institutional Class | |
Net assets | $137,356,571 |
Shares outstanding | 14,174,868 |
Net asset value per share | $9.69 |
Institutional 2 Class | |
Net assets | $93,193 |
Shares outstanding | 9,599 |
Net asset value per share | $9.71 |
Institutional 3 Class | |
Net assets | $144,217 |
Shares outstanding | 14,810 |
Net asset value per share | $9.74 |
Class V | |
Net assets | $10,537,226 |
Shares outstanding | 1,087,396 |
Net asset value per share | $9.69 |
Maximum sales charge | 4.75% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class V shares) | $10.17 |
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 13 |
Six Months Ended April 30, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $368 |
Interest | 2,728,505 |
Total income | 2,728,873 |
Expenses: | |
Management services fees | 471,555 |
Distribution and/or service fees | |
Class A | 32,573 |
Class C | 7,256 |
Class V | 8,517 |
Transfer agent fees | |
Class A | 15,824 |
Advisor Class | 2,153 |
Class C | 971 |
Institutional Class | 95,934 |
Institutional 2 Class | 34 |
Institutional 3 Class | 16 |
Class V | 6,892 |
Compensation of board members | 9,179 |
Custodian fees | 820 |
Printing and postage fees | 5,056 |
Registration fees | 16,344 |
Audit fees | 14,629 |
Legal fees | 5,792 |
Compensation of chief compliance officer | 21 |
Other | 6,060 |
Total expenses | 699,626 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (98,033) |
Fees waived by distributor | |
Class C | (1,661) |
Total net expenses | 599,932 |
Net investment income | 2,128,941 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (829,122) |
Net realized loss | (829,122) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (15,751,843) |
Net change in unrealized appreciation (depreciation) | (15,751,843) |
Net realized and unrealized loss | (16,580,965) |
Net decrease in net assets resulting from operations | $(14,452,024) |
14 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
Six Months Ended April 30, 2022 (Unaudited) | Year Ended October 31, 2021 | |
Operations | ||
Net investment income | $2,128,941 | $4,708,519 |
Net realized gain (loss) | (829,122) | 522,371 |
Net change in unrealized appreciation (depreciation) | (15,751,843) | (1,134,827) |
Net increase (decrease) in net assets resulting from operations | (14,452,024) | 4,096,063 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (315,894) | (538,101) |
Advisor Class | (47,212) | (86,631) |
Class C | (15,743) | (31,410) |
Institutional Class | (2,111,222) | (3,815,010) |
Institutional 2 Class | (1,346) | (5,352) |
Institutional 3 Class | (2,112) | (3,766) |
Class V | (143,050) | (249,485) |
Total distributions to shareholders | (2,636,579) | (4,729,755) |
Decrease in net assets from capital stock activity | (19,615,832) | (17,242,060) |
Total decrease in net assets | (36,704,435) | (17,875,752) |
Net assets at beginning of period | 211,692,154 | 229,567,906 |
Net assets at end of period | $174,987,719 | $211,692,154 |
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 15 |
Six Months Ended | Year Ended | |||
April 30, 2022 (Unaudited) | October 31, 2021 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 112,558 | 1,154,964 | 354,630 | 3,803,971 |
Distributions reinvested | 27,659 | 285,361 | 45,037 | 481,701 |
Redemptions | (297,895) | (3,025,922) | (473,874) | (5,080,839) |
Net decrease | (157,678) | (1,585,597) | (74,207) | (795,167) |
Advisor Class | ||||
Subscriptions | 8,175 | 83,697 | 63,640 | 682,517 |
Distributions reinvested | 4,555 | 47,086 | 8,086 | 86,416 |
Redemptions | (149,520) | (1,501,175) | (66,876) | (714,779) |
Net increase (decrease) | (136,790) | (1,370,392) | 4,850 | 54,154 |
Class C | ||||
Subscriptions | 5,243 | 55,300 | 9,299 | 99,347 |
Distributions reinvested | 1,523 | 15,743 | 2,808 | 30,037 |
Redemptions | (31,265) | (316,950) | (96,891) | (1,038,099) |
Net decrease | (24,499) | (245,907) | (84,784) | (908,715) |
Institutional Class | ||||
Subscriptions | 178,302 | 1,855,634 | 670,741 | 7,181,132 |
Distributions reinvested | 19,874 | 205,133 | 28,289 | 302,500 |
Redemptions | (1,802,217) | (18,292,935) | (2,085,318) | (22,309,685) |
Net decrease | (1,604,041) | (16,232,168) | (1,386,288) | (14,826,053) |
Institutional 2 Class | ||||
Subscriptions | — | — | 4,381 | 47,170 |
Distributions reinvested | 118 | 1,219 | 470 | 5,042 |
Redemptions | (118) | (1,219) | (16,510) | (177,094) |
Net decrease | — | — | (11,659) | (124,882) |
Institutional 3 Class | ||||
Subscriptions | — | — | 117 | 1,270 |
Distributions reinvested | 191 | 1,976 | 329 | 3,533 |
Redemptions | (324) | (3,446) | (1,680) | (18,118) |
Net decrease | (133) | (1,470) | (1,234) | (13,315) |
Class V | ||||
Subscriptions | 3,273 | 33,892 | 32,988 | 351,723 |
Distributions reinvested | 8,329 | 85,903 | 13,578 | 145,224 |
Redemptions | (29,557) | (300,093) | (105,032) | (1,125,029) |
Net decrease | (17,955) | (180,298) | (58,466) | (628,082) |
Total net decrease | (1,941,096) | (19,615,832) | (1,611,788) | (17,242,060) |
16 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 17 |
Net asset value, beginning of period | Net investment income | 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 | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.59 | 0.10 | (0.88) | (0.78) | (0.09) | (0.03) | (0.12) |
Year Ended 10/31/2021 | $10.62 | 0.21 | (0.03) | 0.18 | (0.21) | (0.00)(d) | (0.21) |
Year Ended 10/31/2020 | $10.65 | 0.24 | (0.03) | 0.21 | (0.23) | (0.01) | (0.24) |
Year Ended 10/31/2019 | $10.17 | 0.29 | 0.51 | 0.80 | (0.29) | (0.03) | (0.32) |
Year Ended 10/31/2018 | $10.62 | 0.28 | (0.42) | (0.14) | (0.28) | (0.03) | (0.31) |
Year Ended 10/31/2017 | $10.88 | 0.29 | (0.19) | 0.10 | (0.29) | (0.07) | (0.36) |
Advisor Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.58 | 0.11 | (0.87) | (0.76) | (0.11) | (0.03) | (0.14) |
Year Ended 10/31/2021 | $10.61 | 0.23 | (0.03) | 0.20 | (0.23) | (0.00)(d) | (0.23) |
Year Ended 10/31/2020 | $10.64 | 0.26 | (0.02) | 0.24 | (0.26) | (0.01) | (0.27) |
Year Ended 10/31/2019 | $10.16 | 0.31 | 0.51 | 0.82 | (0.31) | (0.03) | (0.34) |
Year Ended 10/31/2018 | $10.61 | 0.31 | (0.43) | (0.12) | (0.30) | (0.03) | (0.33) |
Year Ended 10/31/2017 | $10.87 | 0.32 | (0.20) | 0.12 | (0.31) | (0.07) | (0.38) |
Class C | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.58 | 0.08 | (0.87) | (0.79) | (0.07) | (0.03) | (0.10) |
Year Ended 10/31/2021 | $10.62 | 0.16 | (0.04) | 0.12 | (0.16) | (0.00)(d) | (0.16) |
Year Ended 10/31/2020 | $10.64 | 0.19 | (0.02) | 0.17 | (0.18) | (0.01) | (0.19) |
Year Ended 10/31/2019 | $10.16 | 0.24 | 0.51 | 0.75 | (0.24) | (0.03) | (0.27) |
Year Ended 10/31/2018 | $10.62 | 0.24 | (0.44) | (0.20) | (0.23) | (0.03) | (0.26) |
Year Ended 10/31/2017 | $10.88 | 0.24 | (0.19) | 0.05 | (0.24) | (0.07) | (0.31) |
Institutional Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.58 | 0.11 | (0.86) | (0.75) | (0.11) | (0.03) | (0.14) |
Year Ended 10/31/2021 | $10.62 | 0.23 | (0.04) | 0.19 | (0.23) | (0.00)(d) | (0.23) |
Year Ended 10/31/2020 | $10.65 | 0.26 | (0.02) | 0.24 | (0.26) | (0.01) | (0.27) |
Year Ended 10/31/2019 | $10.17 | 0.31 | 0.51 | 0.82 | (0.31) | (0.03) | (0.34) |
Year Ended 10/31/2018 | $10.62 | 0.31 | (0.43) | (0.12) | (0.30) | (0.03) | (0.33) |
Year Ended 10/31/2017 | $10.88 | 0.32 | (0.20) | 0.12 | (0.31) | (0.07) | (0.38) |
Institutional 2 Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.61 | 0.11 | (0.87) | (0.76) | (0.11) | (0.03) | (0.14) |
Year Ended 10/31/2021 | $10.64 | 0.24 | (0.03) | 0.21 | (0.24) | (0.00)(d) | (0.24) |
Year Ended 10/31/2020 | $10.66 | 0.28 | (0.02) | 0.26 | (0.27) | (0.01) | (0.28) |
Year Ended 10/31/2019 | $10.18 | 0.32 | 0.51 | 0.83 | (0.32) | (0.03) | (0.35) |
Year Ended 10/31/2018 | $10.64 | 0.31 | (0.43) | (0.12) | (0.31) | (0.03) | (0.34) |
Year Ended 10/31/2017 | $10.90 | 0.32 | (0.19) | 0.13 | (0.32) | (0.07) | (0.39) |
18 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
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 ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.69 | (7.39%) | 0.90%(c) | 0.80%(c) | 1.92%(c) | 3% | $23,308 |
Year Ended 10/31/2021 | $10.59 | 1.65% | 0.90% | 0.81%(e) | 1.92% | 8% | $27,129 |
Year Ended 10/31/2020 | $10.62 | 2.02% | 0.90% | 0.81%(e) | 2.23% | 13% | $28,012 |
Year Ended 10/31/2019 | $10.65 | 7.92% | 0.90% | 0.80%(e) | 2.75% | 15% | $23,968 |
Year Ended 10/31/2018 | $10.17 | (1.36%) | 0.90% | 0.81%(e) | 2.72% | 13% | $19,046 |
Year Ended 10/31/2017 | $10.62 | 0.95% | 0.90%(f) | 0.78%(e),(f) | 2.74% | 5% | $18,512 |
Advisor Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.68 | (7.28%) | 0.65%(c) | 0.55%(c) | 2.15%(c) | 3% | $2,220 |
Year Ended 10/31/2021 | $10.58 | 1.91% | 0.65% | 0.56%(e) | 2.17% | 8% | $3,872 |
Year Ended 10/31/2020 | $10.61 | 2.27% | 0.65% | 0.56%(e) | 2.48% | 13% | $3,834 |
Year Ended 10/31/2019 | $10.64 | 8.19% | 0.65% | 0.55%(e) | 3.00% | 15% | $3,188 |
Year Ended 10/31/2018 | $10.16 | (1.12%) | 0.65% | 0.56%(e) | 2.97% | 13% | $2,568 |
Year Ended 10/31/2017 | $10.61 | 1.20% | 0.66%(f) | 0.54%(e),(f) | 2.98% | 5% | $3,502 |
Class C | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.69 | (7.51%) | 1.56%(c) | 1.25%(c) | 1.47%(c) | 3% | $1,328 |
Year Ended 10/31/2021 | $10.58 | 1.10% | 1.65% | 1.26%(e) | 1.47% | 8% | $1,710 |
Year Ended 10/31/2020 | $10.62 | 1.65% | 1.65% | 1.26%(e),(g) | 1.80% | 13% | $2,617 |
Year Ended 10/31/2019 | $10.64 | 7.44% | 1.65% | 1.25%(e),(g) | 2.32% | 15% | $3,472 |
Year Ended 10/31/2018 | $10.16 | (1.90%) | 1.65% | 1.26%(e),(g) | 2.27% | 13% | $5,780 |
Year Ended 10/31/2017 | $10.62 | 0.50% | 1.66%(f) | 1.24%(e),(f),(g) | 2.29% | 5% | $7,470 |
Institutional Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.69 | (7.18%) | 0.65%(c) | 0.55%(c) | 2.17%(c) | 3% | $137,357 |
Year Ended 10/31/2021 | $10.58 | 1.81% | 0.65% | 0.56%(e) | 2.17% | 8% | $167,020 |
Year Ended 10/31/2020 | $10.62 | 2.27% | 0.65% | 0.56%(e) | 2.49% | 13% | $182,343 |
Year Ended 10/31/2019 | $10.65 | 8.19% | 0.65% | 0.55%(e) | 3.01% | 15% | $177,665 |
Year Ended 10/31/2018 | $10.17 | (1.11%) | 0.65% | 0.56%(e) | 2.97% | 13% | $166,289 |
Year Ended 10/31/2017 | $10.62 | 1.20% | 0.66%(f) | 0.54%(e),(f) | 2.98% | 5% | $199,199 |
Institutional 2 Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.71 | (7.23%) | 0.60%(c) | 0.50%(c) | 2.22%(c) | 3% | $93 |
Year Ended 10/31/2021 | $10.61 | 1.96% | 0.59% | 0.50% | 2.23% | 8% | $102 |
Year Ended 10/31/2020 | $10.64 | 2.43% | 0.59% | 0.49% | 2.61% | 13% | $226 |
Year Ended 10/31/2019 | $10.66 | 8.25% | 0.59% | 0.49% | 3.03% | 15% | $408 |
Year Ended 10/31/2018 | $10.18 | (1.15%) | 0.57% | 0.50% | 3.01% | 13% | $41 |
Year Ended 10/31/2017 | $10.64 | 1.28% | 0.56%(f) | 0.47%(f) | 3.05% | 5% | $10 |
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 19 |
Net asset value, beginning of period | Net investment income | 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 | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.64 | 0.12 | (0.88) | (0.76) | (0.11) | (0.03) | (0.14) |
Year Ended 10/31/2021 | $10.67 | 0.24 | (0.02) | 0.22 | (0.25) | (0.00)(d) | (0.25) |
Year Ended 10/31/2020 | $10.70 | 0.27 | (0.02) | 0.25 | (0.27) | (0.01) | (0.28) |
Year Ended 10/31/2019 | $10.22 | 0.33 | 0.50 | 0.83 | (0.32) | (0.03) | (0.35) |
Year Ended 10/31/2018 | $10.67 | 0.32 | (0.42) | (0.10) | (0.32) | (0.03) | (0.35) |
Year Ended 10/31/2017(h) | $10.56 | 0.22 | 0.11(i) | 0.33 | (0.22) | — | (0.22) |
Class V | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.59 | 0.10 | (0.87) | (0.77) | (0.10) | (0.03) | (0.13) |
Year Ended 10/31/2021 | $10.62 | 0.22 | (0.03) | 0.19 | (0.22) | (0.00)(d) | (0.22) |
Year Ended 10/31/2020 | $10.65 | 0.25 | (0.03) | 0.22 | (0.24) | (0.01) | (0.25) |
Year Ended 10/31/2019 | $10.17 | 0.30 | 0.51 | 0.81 | (0.30) | (0.03) | (0.33) |
Year Ended 10/31/2018 | $10.62 | 0.29 | (0.42) | (0.13) | (0.29) | (0.03) | (0.32) |
Year Ended 10/31/2017 | $10.88 | 0.30 | (0.19) | 0.11 | (0.30) | (0.07) | (0.37) |
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) | Annualized. |
(d) | Rounds to zero. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Year Ended | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Class V |
10/31/2017 | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
(g) | Ratios include the impact of voluntary waivers paid by the Investment Manager. For the periods indicated below, if the Investment Manager had not paid these voluntary waivers, the Fund’s net expense ratio would increase by: |
10/31/2020 | 10/31/2019 | 10/31/2018 | 10/31/2017 | |
Class C | 0.25% | 0.30% | 0.30% | 0.30% |
(h) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
(i) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
20 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
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 ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.74 | (7.19%) | 0.55%(c) | 0.45%(c) | 2.27%(c) | 3% | $144 |
Year Ended 10/31/2021 | $10.64 | 2.02% | 0.55% | 0.45% | 2.28% | 8% | $159 |
Year Ended 10/31/2020 | $10.67 | 2.38% | 0.54% | 0.45% | 2.58% | 13% | $173 |
Year Ended 10/31/2019 | $10.70 | 8.28% | 0.54% | 0.44% | 3.12% | 15% | $128 |
Year Ended 10/31/2018 | $10.22 | (0.99%) | 0.54% | 0.45% | 3.08% | 13% | $108 |
Year Ended 10/31/2017(h) | $10.67 | 3.10% | 0.55%(c) | 0.45%(c) | 3.21%(c) | 5% | $110 |
Class V | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.69 | (7.34%) | 0.80%(c) | 0.70%(c) | 2.02%(c) | 3% | $10,537 |
Year Ended 10/31/2021 | $10.59 | 1.76% | 0.80% | 0.71%(e) | 2.02% | 8% | $11,700 |
Year Ended 10/31/2020 | $10.62 | 2.12% | 0.80% | 0.71%(e) | 2.34% | 13% | $12,363 |
Year Ended 10/31/2019 | $10.65 | 8.03% | 0.80% | 0.70%(e) | 2.86% | 15% | $12,839 |
Year Ended 10/31/2018 | $10.17 | (1.26%) | 0.80% | 0.71%(e) | 2.82% | 13% | $15,825 |
Year Ended 10/31/2017 | $10.62 | 1.05% | 0.81%(f) | 0.69%(e),(f) | 2.83% | 5% | $17,934 |
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 21 |
April 30, 2022 (Unaudited)
22 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 23 |
April 30, 2022 (Unaudited)
24 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Effective rate (%) | |
Class A | 0.12 |
Advisor Class | 0.12 |
Class C | 0.12 |
Institutional Class | 0.12 |
Institutional 2 Class | 0.07 |
Institutional 3 Class | 0.02 |
Class V | 0.12 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 3.00 | 0.75(a) | 5,345 |
Class C | — | 1.00(b) | 70 |
Class V | 4.75 | 0.50 - 1.00(c) | — |
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 25 |
April 30, 2022 (Unaudited)
(a) | This charge is imposed on certain investments of $500,000 or more if redeemed within 12 months after purchase. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(c) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
March 1, 2022 through February 28, 2023 | Prior to March 1, 2022 | |
Class A | 0.81% | 0.81% |
Advisor Class | 0.56 | 0.56 |
Class C | 1.26 | 1.56 |
Institutional Class | 0.56 | 0.56 |
Institutional 2 Class | 0.50 | 0.50 |
Institutional 3 Class | 0.45 | 0.45 |
Class V | 0.71 | 0.71 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
180,040,000 | 1,777,000 | (5,693,000) | (3,916,000) |
26 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 27 |
April 30, 2022 (Unaudited)
28 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 29 |
April 30, 2022 (Unaudited)
30 | Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
Columbia Massachusetts Intermediate Municipal Bond Fund | Semiannual Report 2022 | 31 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
April 30, 2022 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended April 30, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 09/26/86 | -9.47 | -9.09 | 1.42 | 2.40 |
Including sales charges | -12.19 | -11.80 | 0.80 | 2.09 | ||
Advisor Class* | 03/19/13 | -9.37 | -8.88 | 1.66 | 2.62 | |
Class C | Excluding sales charges | 08/01/97 | -9.68 | -9.51 | 0.95 | 1.93 |
Including sales charges | -10.56 | -10.39 | 0.95 | 1.93 | ||
Institutional Class | 09/01/11 | -9.36 | -8.87 | 1.68 | 2.64 | |
Institutional 2 Class* | 11/08/12 | -9.35 | -8.85 | 1.68 | 2.65 | |
Institutional 3 Class* | 03/01/17 | -9.33 | -8.80 | 1.72 | 2.55 | |
Bloomberg New York Municipal Bond Index | -8.21 | -8.19 | 1.47 | 2.31 | ||
Bloomberg Municipal Bond Index | -7.90 | -7.88 | 1.80 | 2.48 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. 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. |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 3 |
(Unaudited)
Quality breakdown (%) (at April 30, 2022) | |
AAA rating | 0.4 |
AA rating | 29.3 |
A rating | 28.9 |
BBB rating | 17.5 |
BB rating | 2.7 |
B rating | 1.8 |
D rating | 1.6 |
Not rated | 17.8 |
Total | 100.0 |
4 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
(Unaudited)
November 1, 2021 — April 30, 2022 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 905.30 | 1,021.04 | 3.71 | 3.93 | 0.78 |
Advisor Class | 1,000.00 | 1,000.00 | 906.30 | 1,022.29 | 2.52 | 2.67 | 0.53 |
Class C | 1,000.00 | 1,000.00 | 903.20 | 1,018.80 | 5.84 | 6.19 | 1.23 |
Institutional Class | 1,000.00 | 1,000.00 | 906.40 | 1,022.29 | 2.52 | 2.67 | 0.53 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 906.50 | 1,022.39 | 2.42 | 2.57 | 0.51 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 906.70 | 1,022.64 | 2.19 | 2.32 | 0.46 |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 5 |
April 30, 2022 (Unaudited)
Municipal Bonds 98.4% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Air Transportation 5.0% | ||||
New York City Industrial Development Agency(a) | ||||
Refunding Revenue Bonds | ||||
Trips Obligated Group | ||||
Series 2012A | ||||
07/01/2028 | 5.000% | 2,000,000 | 2,005,643 | |
New York Transportation Development Corp.(a) | ||||
Refunding Revenue Bonds | ||||
American Airlines, Inc. Project | ||||
Series 2021 | ||||
08/01/2031 | 3.000% | 1,300,000 | 1,203,240 | |
Terminal 4 John F. Kennedy International Airport Project | ||||
Series 2020 | ||||
12/01/2040 | 4.000% | 600,000 | 565,141 | |
12/01/2041 | 4.000% | 600,000 | 562,404 | |
Revenue Bonds | ||||
Delta Air Lines, Inc. LaGuardia | ||||
Series 2020 | ||||
10/01/2040 | 5.000% | 2,000,000 | 2,093,550 | |
Terminal 4 John F. Kennedy International Airport Project | ||||
Series 2022 | ||||
12/01/2041 | 5.000% | 1,000,000 | 1,043,910 | |
12/01/2042 | 4.000% | 1,000,000 | 930,540 | |
Total | 8,404,428 | |||
Airport 0.3% | ||||
Niagara Frontier Transportation Authority(a) | ||||
Refunding Revenue Bonds | ||||
Buffalo Niagara International Airport | ||||
Series 2019 | ||||
04/01/2039 | 5.000% | 525,000 | 557,382 | |
Charter Schools 4.4% | ||||
Albany Capital Resource Corp. | ||||
Refunding Revenue Bonds | ||||
Brighter Choice Elementary | ||||
Series 2021 | ||||
04/01/2037 | 4.000% | 1,000,000 | 903,560 | |
Build NYC Resource Corp. | ||||
Revenue Bonds | ||||
Academic Leadership Charter School Project | ||||
Series 2021 | ||||
06/15/2036 | 4.000% | 200,000 | 188,337 | |
Bronx Charter School for Excellence | ||||
Series 2013 | ||||
04/01/2033 | 5.000% | 1,000,000 | 1,009,690 | |
International Leadership Charter School | ||||
Series 2013 | ||||
07/01/2033 | 5.750% | 1,500,000 | 1,511,076 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Build NYC Resource Corp.(b) | ||||
Revenue Bonds | ||||
International Leadership Charter School | ||||
Series 2016 | ||||
07/01/2046 | 6.250% | 265,000 | 271,784 | |
New World Preparatory Charter School Project | ||||
Series 2021 | ||||
06/15/2051 | 4.000% | 690,000 | 589,435 | |
Richmond Preparatory School Project Social Bonds | ||||
Series 2021 | ||||
06/01/2056 | 5.000% | 1,250,000 | 1,229,844 | |
Secton Education Partners-Brilla Project | ||||
Series 2021 | ||||
11/01/2051 | 4.000% | 1,000,000 | 818,700 | |
Monroe County Industrial Development Corp.(b) | ||||
Revenue Bonds | ||||
True North Rochester Preparatory Charter School Project | ||||
Series 2020 | ||||
06/01/2059 | 5.000% | 1,000,000 | 1,011,967 | |
Total | 7,534,393 | |||
Disposal 1.1% | ||||
New York State Environmental Facilities Corp.(a),(b) | ||||
Revenue Bonds | ||||
Casella Waste Systems, Inc. | ||||
Series 2019 (Mandatory Put 12/03/29) | ||||
12/01/2044 | 2.875% | 2,000,000 | 1,871,512 | |
Health Services 0.9% | ||||
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
Icahn School of Medicine at Mount Sinai | ||||
Series 2015 | ||||
07/01/2040 | 5.000% | 1,500,000 | 1,573,901 | |
Higher Education 5.2% | ||||
Build NYC Resource Corp. | ||||
Refunding Revenue Bonds | ||||
City University of New York-Queens | ||||
Series 2014A | ||||
06/01/2043 | 5.000% | 1,000,000 | 1,042,600 | |
Manhattan College Project | ||||
Series 2017 | ||||
08/01/2042 | 4.000% | 750,000 | 737,490 | |
Dutchess County Local Development Corp. | ||||
Refunding Revenue Bonds | ||||
Culinary Institute of America (The) | ||||
Series 2018 | ||||
07/01/2033 | 5.000% | 230,000 | 245,683 | |
07/01/2034 | 5.000% | 500,000 | 533,782 |
6 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
Fordham University | ||||
Series 2017 | ||||
07/01/2035 | 4.000% | 1,000,000 | 1,009,758 | |
Teacher’s College | ||||
Series 2017 | ||||
07/01/2033 | 4.000% | 500,000 | 509,341 | |
Revenue Bonds | ||||
New York University | ||||
Series 2019A | ||||
07/01/2042 | 5.000% | 1,000,000 | 1,100,765 | |
Rochester Institute of Technology | ||||
Series 2019 | ||||
07/01/2049 | 5.000% | 1,250,000 | 1,358,942 | |
St. John’s University | ||||
Series 2007C (NPFGC) | ||||
07/01/2026 | 5.250% | 1,205,000 | 1,313,713 | |
St. Lawrence County Industrial Development Agency | ||||
Refunding Revenue Bonds | ||||
Clarkson University Project | ||||
Series 2021 | ||||
09/01/2040 | 5.000% | 200,000 | 217,819 | |
09/01/2040 | 5.000% | 200,000 | 217,819 | |
09/01/2041 | 5.000% | 225,000 | 244,297 | |
Troy Capital Resource Corp. | ||||
Refunding Revenue Bonds | ||||
Forward Delivery - Rensselaer Polytechnic Institute Project | ||||
Series 2020 | ||||
09/01/2038 | 5.000% | 250,000 | 276,389 | |
Total | 8,808,398 | |||
Hospital 6.4% | ||||
Monroe County Industrial Development Corp. | ||||
Refunding Revenue Bonds | ||||
University of Rochester Project | ||||
Series 2017 | ||||
07/01/2037 | 4.000% | 500,000 | 508,833 | |
Nassau County Local Economic Assistance Corp. | ||||
Revenue Bonds | ||||
Catholic Health Services of Long Island | ||||
Series 2014 | ||||
07/01/2032 | 5.000% | 750,000 | 783,565 | |
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
Montefiore Obligated Group | ||||
Series 2020A | ||||
09/01/2050 | 4.000% | 2,000,000 | 1,766,005 | |
Montefiore Obligation Group | ||||
Series 2018 | ||||
08/01/2035 | 5.000% | 350,000 | 365,404 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
North Shore - Long Island Jewish Obligation Group | ||||
Series 2015A | ||||
05/01/2037 | 5.000% | 2,000,000 | 2,117,926 | |
NYU Hospitals Center | ||||
Series 2014 | ||||
07/01/2036 | 5.000% | 1,000,000 | 1,042,188 | |
Series 2016 | ||||
07/01/2040 | 4.000% | 1,000,000 | 1,000,217 | |
Revenue Bonds | ||||
NYU Langone Hospitals Obligated Group | ||||
Series 2020A | ||||
07/01/2050 | 4.000% | 2,000,000 | 1,932,368 | |
New York State Dormitory Authority(b) | ||||
Refunding Revenue Bonds | ||||
Orange Regional Medical Center | ||||
Series 2017 | ||||
12/01/2037 | 5.000% | 400,000 | 433,862 | |
Westchester County Local Development Corp. | ||||
Refunding Revenue Bonds | ||||
Westchester Medical Center | ||||
Series 2016 | ||||
11/01/2037 | 3.750% | 1,000,000 | 965,630 | |
Total | 10,915,998 | |||
Independent Power 0.1% | ||||
Suffolk County Industrial Development Agency(a) | ||||
Revenue Bonds | ||||
Nissequogue Cogen Partners Facility | ||||
Series 1998 | ||||
01/01/2023 | 5.500% | 205,000 | 206,534 | |
Joint Power Authority 1.5% | ||||
New York Power Authority | ||||
Refunding Revenue Bonds | ||||
Series 2020A | ||||
11/15/2055 | 4.000% | 500,000 | 490,915 | |
Revenue Bonds | ||||
Green Transmission Project | ||||
Series 2022 (AGM) | ||||
11/15/2061 | 4.000% | 2,000,000 | 1,960,952 | |
Total | 2,451,867 | |||
Local Appropriation 0.6% | ||||
Suffolk County Judicial Facilities Agency | ||||
Revenue Bonds | ||||
H. Lee Dennison Building | ||||
Series 2013 | ||||
11/01/2025 | 5.000% | 1,000,000 | 1,031,063 |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 7 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Local General Obligation 7.3% | ||||
City of New York | ||||
Unlimited General Obligation Bonds | ||||
Series 2016B1 | ||||
12/01/2032 | 5.000% | 500,000 | 543,069 | |
Series 2017B-1 | ||||
10/01/2041 | 4.000% | 1,000,000 | 1,036,932 | |
Subordinated Series 2018F-1 | ||||
04/01/2043 | 5.000% | 4,000,000 | 4,294,456 | |
City of Poughkeepsie | ||||
Limited General Obligation Refunding Bonds | ||||
Series 2019 | ||||
06/01/2031 | 5.000% | 600,000 | 636,058 | |
County of Erie | ||||
Limited General Obligation Bonds | ||||
Public Improvement | ||||
Series 2015A | ||||
09/15/2028 | 5.000% | 275,000 | 296,277 | |
County of Nassau | ||||
Limited General Obligation Bonds | ||||
General Improvement | ||||
Series 2018B (AGM) | ||||
07/01/2034 | 5.000% | 2,000,000 | 2,226,942 | |
Series 2017B | ||||
04/01/2037 | 5.000% | 2,000,000 | 2,170,770 | |
Limited General Obligation Notes | ||||
Series 2019A (AGM) | ||||
04/01/2046 | 5.000% | 1,000,000 | 1,117,269 | |
Total | 12,321,773 | |||
Multi-Family 8.2% | ||||
Amherst Development Corp. | ||||
Refunding Revenue Bonds | ||||
University of Buffalo Student Housing | ||||
Series 2017 (AGM) | ||||
10/01/2045 | 5.000% | 500,000 | 539,229 | |
Housing Development Corp. | ||||
Revenue Bonds | ||||
Sustainable Neighborhood | ||||
Series 2017G | ||||
11/01/2047 | 3.700% | 2,000,000 | 1,792,171 | |
New York City Housing Development Corp. | ||||
Refunding Revenue Bonds | ||||
Sustainable Neighborhood | ||||
Series 2019 | ||||
11/01/2039 | 3.800% | 1,480,000 | 1,439,352 | |
11/01/2049 | 3.650% | 875,000 | 763,675 | |
Revenue Bonds | ||||
Series 2018K | ||||
11/01/2048 | 4.000% | 935,000 | 898,371 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Sustainable Development Bonds | ||||
Series 2021 | ||||
05/01/2051 | 2.750% | 1,000,000 | 725,536 | |
Sustainable Neighborhood | ||||
Series 2019 | ||||
11/01/2049 | 3.250% | 2,000,000 | 1,675,380 | |
New York State Dormitory Authority | ||||
Revenue Bonds | ||||
State University of New York | ||||
Series 2019 | ||||
07/01/2049 | 4.000% | 500,000 | 507,850 | |
New York State Housing Finance Agency | ||||
Revenue Bonds | ||||
Affordable Housing | ||||
Series 2017M | ||||
11/01/2042 | 3.650% | 750,000 | 694,472 | |
Series 2019D | ||||
11/01/2044 | 3.700% | 1,000,000 | 962,531 | |
Climate Bond Certified/Sustainability Bonds | ||||
Series 2019 | ||||
11/01/2044 | 3.150% | 840,000 | 701,302 | |
Green Bonds | ||||
Series 2017H | ||||
11/01/2047 | 3.650% | 1,360,000 | 1,208,296 | |
Series 2017L (GNMA) | ||||
11/01/2037 | 3.300% | 540,000 | 516,496 | |
Sustainability Bonds | ||||
Series 2019I | ||||
11/01/2039 | 3.000% | 800,000 | 693,603 | |
Series 2021J-1 (FHA) | ||||
11/01/2056 | 2.875% | 1,000,000 | 719,430 | |
Total | 13,837,694 | |||
Municipal Power 4.6% | ||||
Guam Power Authority(c),(d) | ||||
Refunding Revenue Bonds | ||||
Series 2022A | ||||
10/01/2043 | 5.000% | 500,000 | 523,822 | |
10/01/2044 | 5.000% | 500,000 | 523,507 | |
Long Island Power Authority | ||||
Refunding Revenue Bonds | ||||
Series 2014A | ||||
09/01/2044 | 5.000% | 1,000,000 | 1,049,428 | |
Revenue Bonds | ||||
Electric System General Purpose | ||||
Series 2015B | ||||
09/01/2045 | 5.000% | 1,380,000 | 1,459,423 | |
Series 2018 | ||||
09/01/2038 | 5.000% | 1,000,000 | 1,109,242 |
8 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2021A | ||||
09/01/2037 | 5.000% | 415,000 | 419,490 | |
Puerto Rico Electric Power Authority(c),(e) | ||||
Revenue Bonds | ||||
Series 2010XX | ||||
07/01/2040 | 0.000% | 1,500,000 | 1,440,000 | |
Series 2012A | ||||
07/01/2042 | 0.000% | 1,250,000 | 1,193,750 | |
Total | 7,718,662 | |||
Nursing Home 0.8% | ||||
Monroe County Industrial Development Corp. | ||||
Refunding Revenue Bonds | ||||
St. Ann’s Community Project | ||||
Series 2019 | ||||
01/01/2050 | 5.000% | 1,500,000 | 1,368,171 | |
Other Bond Issue 2.2% | ||||
New York Liberty Development Corp. | ||||
Refunding Revenue Bonds | ||||
Green Bonds - 4 World Trade Center Project | ||||
Series 2021 | ||||
11/15/2051 | 3.000% | 500,000 | 391,175 | |
New York Transportation Development Corp.(a) | ||||
Revenue Bonds | ||||
New York State Thruway Service Areas Project | ||||
Series 2021 | ||||
10/31/2046 | 4.000% | 1,500,000 | 1,460,799 | |
04/30/2053 | 4.000% | 2,000,000 | 1,904,329 | |
Total | 3,756,303 | |||
Other Industrial Development Bond 0.2% | ||||
New York Liberty Development Corp. | ||||
Revenue Bonds | ||||
Goldman Sachs Headquarters | ||||
Series 2007 | ||||
10/01/2037 | 5.500% | 260,000 | 304,505 | |
Pool / Bond Bank 0.9% | ||||
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
New School | ||||
Series 2015 | ||||
07/01/2050 | 5.000% | 1,395,000 | 1,462,762 | |
Unrefunded Revenue Bonds | ||||
School Districts Bond Financing Program | ||||
Series 2009 (AGM) | ||||
10/01/2036 | 5.125% | 15,000 | 15,045 | |
Total | 1,477,807 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Ports 9.9% | ||||
New York Liberty Development Corp. | ||||
Refunding Revenue Bonds | ||||
Series 2021-1WTC | ||||
02/15/2042 | 3.000% | 2,000,000 | 1,687,915 | |
Port Authority of New York & New Jersey(a) | ||||
Refunding Revenue Bonds | ||||
193rd Series 2015 | ||||
10/15/2035 | 5.000% | 3,135,000 | 3,339,198 | |
Consolidated 186th | ||||
Series 2014 | ||||
10/15/2044 | 5.000% | 1,000,000 | 1,031,834 | |
Consolidated 197th | ||||
Series 2016-197 | ||||
11/15/2036 | 5.000% | 1,000,000 | 1,076,672 | |
Consolidated 206th | ||||
Series 2017-206 | ||||
11/15/2047 | 5.000% | 1,000,000 | 1,061,932 | |
Series 2018-207 | ||||
09/15/2043 | 4.000% | 1,500,000 | 1,454,711 | |
Port Authority of New York & New Jersey | ||||
Refunding Revenue Bonds | ||||
Consolidated 211th | ||||
Series 2018 | ||||
09/01/2043 | 4.000% | 3,000,000 | 3,022,335 | |
Revenue Bonds | ||||
Consolidated 85th | ||||
Series 1993 | ||||
03/01/2028 | 5.375% | 1,640,000 | 1,783,382 | |
Consolidated 93rd | ||||
Series 1994 | ||||
06/01/2094 | 6.125% | 2,250,000 | 2,382,045 | |
Total | 16,840,024 | |||
Prep School 1.1% | ||||
Build NYC Resource Corp. | ||||
Refunding Revenue Bonds | ||||
Series 2015 | ||||
06/01/2033 | 5.000% | 500,000 | 525,456 | |
06/01/2035 | 5.000% | 700,000 | 734,792 | |
Rensselaer County Industrial Development Agency | ||||
Refunding Revenue Bonds | ||||
Emma Willard School Project | ||||
Series 2015A | ||||
01/01/2036 | 5.000% | 500,000 | 528,202 | |
Total | 1,788,450 |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 9 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Recreation 1.4% | ||||
New York City Industrial Development Agency | ||||
Refunding Revenue Bonds | ||||
Yankee Stadium Project - Pilot | ||||
Series 2020 | ||||
03/01/2045 | 4.000% | 500,000 | 504,113 | |
New York City Trust for Cultural Resources | ||||
Refunding Revenue Bonds | ||||
American Museum of Natural History | ||||
Series 2014S | ||||
07/01/2041 | 5.000% | 1,000,000 | 1,048,402 | |
Western Regional Off-Track Betting Corp.(b) | ||||
Refunding Revenue Bonds | ||||
Series 2021 | ||||
12/01/2041 | 4.125% | 1,000,000 | 827,984 | |
Total | 2,380,499 | |||
Refunded / Escrowed 1.2% | ||||
Build NYC Resource Corp. | ||||
Prerefunded 07/01/24 Revenue Bonds | ||||
New York Methodist Hospital Project | ||||
Series 2014 | ||||
07/01/2029 | 5.000% | 225,000 | 237,056 | |
07/01/2030 | 5.000% | 180,000 | 189,644 | |
Prerefunded 08/01/25 Revenue Bonds | ||||
YMCA of Greater New York Project | ||||
Series 2015 | ||||
08/01/2040 | 5.000% | 900,000 | 967,935 | |
Long Island Power Authority | ||||
Prerefunded 09/01/22 Revenue Bonds | ||||
Series 2012A | ||||
09/01/2037 | 5.000% | 330,000 | 333,856 | |
09/01/2037 | 5.000% | 255,000 | 257,980 | |
New York State Dormitory Authority | ||||
Prerefunded 07/01/25 Revenue Bonds | ||||
New School | ||||
Series 2015 | ||||
07/01/2050 | 5.000% | 105,000 | 112,908 | |
Total | 2,099,379 | |||
Resource Recovery 1.2% | ||||
Build NYC Resource Corp.(a),(b) | ||||
Refunding Revenue Bonds | ||||
Pratt Paper, Inc. Project | ||||
Series 2014 | ||||
01/01/2035 | 5.000% | 750,000 | 770,050 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Jefferson County Industrial Development Agency(a),(b) | ||||
Revenue Bonds | ||||
ReEnergy Black River LLC P | ||||
Series 2019 | ||||
01/01/2024 | 5.250% | 1,280,000 | 1,224,582 | |
Total | 1,994,632 | |||
Retirement Communities 5.7% | ||||
Brookhaven Local Development Corp. | ||||
Refunding Revenue Bonds | ||||
Jefferson’s Ferry Project | ||||
Series 2016 | ||||
11/01/2036 | 5.250% | 750,000 | 811,928 | |
Revenue Bonds | ||||
Jefferson’s Ferry Project | ||||
Series 2020 | ||||
11/01/2055 | 4.000% | 1,000,000 | 1,014,294 | |
Huntington Local Development Corp. | ||||
Revenue Bonds | ||||
Fountaingate Garden Project | ||||
Series 2021A | ||||
07/01/2056 | 5.250% | 2,000,000 | 1,932,136 | |
Suffolk County Economic Development Corp. | ||||
Refunding Revenue Bonds | ||||
Peconic Landing at Southhold, Inc. | ||||
Series 2020 | ||||
12/01/2040 | 5.000% | 1,540,000 | 1,651,822 | |
Tompkins County Development Corp. | ||||
Refunding Revenue Bonds | ||||
Kendal at Ithaca, Inc. Project | ||||
Series 2014 | ||||
07/01/2044 | 5.000% | 1,655,000 | 1,708,603 | |
Ulster County Capital Resource Corp.(b) | ||||
Refunding Revenue Bonds | ||||
Woodland Pond at New Paltz | ||||
Series 2017 | ||||
09/15/2047 | 5.250% | 500,000 | 404,323 | |
09/15/2053 | 5.250% | 1,000,000 | 788,206 | |
Westchester County Local Development Corp. | ||||
Refunding Revenue Bonds | ||||
Miriam Osborn Memorial Home Association Project | ||||
Series 2019 | ||||
07/01/2042 | 5.000% | 450,000 | 481,084 | |
Westchester County Local Development Corp.(b) | ||||
Revenue Bonds | ||||
Purchase Senior Learning Community | ||||
Series 2021 | ||||
07/01/2056 | 5.000% | 1,000,000 | 909,021 | |
Total | 9,701,417 |
10 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Sales Tax 2.7% | ||||
Commonwealth of Puerto Rico(c),(f) | ||||
Revenue Notes | ||||
Subordinated Series 2022 | ||||
11/01/2043 | 0.000% | 369,812 | 192,302 | |
Puerto Rico Sales Tax Financing Corp.(c),(f) | ||||
Revenue Bonds | ||||
Series 2018A-1 | ||||
07/01/2046 | 0.000% | 12,100,000 | 3,397,453 | |
Puerto Rico Sales Tax Financing Corp.(c) | ||||
Revenue Bonds | ||||
Series 2019A1 | ||||
07/01/2058 | 5.000% | 1,000,000 | 1,024,960 | |
Total | 4,614,715 | |||
Single Family 0.7% | ||||
State of New York Mortgage Agency | ||||
Refunding Revenue Bonds | ||||
Series 2019-217 | ||||
04/01/2039 | 3.625% | 135,000 | 133,730 | |
State of New York Mortgage Agency(a) | ||||
Refunding Revenue Bonds | ||||
Series 2019-218 | ||||
04/01/2033 | 3.600% | 950,000 | 921,295 | |
04/01/2038 | 3.850% | 170,000 | 170,744 | |
Total | 1,225,769 | |||
Special Non Property Tax 6.6% | ||||
Metropolitan Transportation Authority(f) | ||||
Refunding Revenue Bonds | ||||
Series 2012A | ||||
11/15/2032 | 0.000% | 2,500,000 | 1,716,568 | |
New York City Transitional Finance Authority | ||||
Refunding Revenue Bonds | ||||
Building Aid | ||||
Subordinated Series 2018S-3A | ||||
07/15/2037 | 5.000% | 2,000,000 | 2,175,004 | |
Revenue Bonds | ||||
Future Tax Secured | ||||
Subordinated Series 2019 | ||||
11/01/2037 | 4.000% | 2,000,000 | 2,023,036 | |
New York Convention Center Development Corp. | ||||
Refunding Revenue Bonds | ||||
Hotel Unit Fee Secured | ||||
Series 2015 | ||||
11/15/2045 | 5.000% | 1,500,000 | 1,577,126 | |
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
Series 2018A | ||||
03/15/2038 | 5.250% | 2,000,000 | 2,243,497 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
New York State Urban Development Corp. | ||||
Revenue Bonds | ||||
Series 2020A | ||||
03/15/2049 | 4.000% | 1,000,000 | 987,405 | |
Puerto Rico Highway & Transportation Authority(c),(e) | ||||
Refunding Revenue Bonds | ||||
Series 2007N | ||||
07/01/2025 | 0.000% | 455,000 | 273,000 | |
Puerto Rico Highways & Transportation Authority(c),(e) | ||||
Refunding Revenue Bonds | ||||
Series 2007N | ||||
07/01/2021 | 0.000% | 415,000 | 249,000 | |
Total | 11,244,636 | |||
Special Property Tax 1.4% | ||||
Glen Cove Local Economic Assistance Corp. | ||||
Refunding Revenue Bonds | ||||
Garview Point Public Improvement Project | ||||
Series 2016 | ||||
01/01/2056 | 5.000% | 1,000,000 | 963,688 | |
Hudson Yards Infrastructure Corp. | ||||
Refunding Revenue Bonds | ||||
Green Bonds | ||||
Series 2021 | ||||
02/15/2044 | 4.000% | 1,000,000 | 990,903 | |
New York Liberty Development Corp. | ||||
Refunding Revenue Bonds | ||||
Bank of America Tower at One Bryant Park Project | ||||
Series 2019 | ||||
09/15/2069 | 2.800% | 500,000 | 461,421 | |
Total | 2,416,012 | |||
State General Obligation 0.5% | ||||
Commonwealth of Puerto Rico(c),(f) | ||||
Unlimited General Obligation Bonds | ||||
Series 2021A | ||||
07/01/2024 | 0.000% | 38,098 | 34,640 | |
Commonwealth of Puerto Rico(c) | ||||
Unlimited General Obligation Bonds | ||||
Series 2021-A1 | ||||
07/01/2031 | 5.750% | 278,105 | 303,732 | |
07/01/2033 | 4.000% | 74,064 | 68,683 | |
07/01/2035 | 4.000% | 66,574 | 61,541 | |
07/01/2037 | 4.000% | 57,138 | 51,337 | |
07/01/2041 | 4.000% | 77,686 | 69,772 | |
07/01/2046 | 4.000% | 275,792 | 241,559 | |
Total | 831,264 |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 11 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Tobacco 4.7% | ||||
Chautauqua Tobacco Asset Securitization Corp. | ||||
Refunding Revenue Bonds | ||||
Series 2014 | ||||
06/01/2034 | 5.000% | 1,000,000 | 1,019,862 | |
New York Counties Tobacco Trust VI | ||||
Refunding Revenue Bonds | ||||
Tobacco Settlement Pass-Through | ||||
Series 2016 | ||||
06/01/2051 | 5.000% | 2,000,000 | 2,051,034 | |
Suffolk Tobacco Asset Securitization Corp.(f) | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2021B-2 | ||||
06/01/2066 | 0.000% | 3,000,000 | 338,755 | |
Suffolk Tobacco Asset Securitization Corp. | ||||
Refunding Revenue Bonds | ||||
Tobacco Settlement Asset-Backed Bonds | ||||
Subordinated Series 2021 | ||||
06/01/2050 | 4.000% | 1,500,000 | 1,396,904 | |
TSASC, Inc. | ||||
Refunding Revenue Bonds | ||||
Series 2017A | ||||
06/01/2041 | 5.000% | 3,000,000 | 3,137,727 | |
Total | 7,944,282 | |||
Transportation 7.4% | ||||
Metropolitan Transportation Authority | ||||
Refunding Revenue Bonds | ||||
Series 2017D | ||||
11/15/2035 | 5.000% | 1,330,000 | 1,408,323 | |
11/15/2042 | 4.000% | 2,000,000 | 1,939,512 | |
Revenue Bonds | ||||
Green Bonds | ||||
Series 2016A-1 | ||||
11/15/2041 | 5.000% | 1,000,000 | 1,043,778 | |
Series 2020A-1 | ||||
11/15/2048 | 5.000% | 2,000,000 | 2,082,116 | |
Series 2020C-1 | ||||
11/15/2050 | 5.000% | 2,000,000 | 2,079,036 | |
Series 2005B (AMBAC) | ||||
11/15/2023 | 5.250% | 1,250,000 | 1,307,770 | |
Transportation | ||||
Series 2015B | ||||
11/15/2040 | 5.000% | 1,675,000 | 1,732,157 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Transportation Program | ||||
Subordinated Series 2015A-1 | ||||
11/15/2045 | 5.000% | 1,000,000 | 1,034,124 | |
Total | 12,626,816 | |||
Turnpike / Bridge / Toll Road 1.5% | ||||
New York State Bridge Authority | ||||
Revenue Bonds | ||||
Series 2021A | ||||
01/01/2041 | 4.000% | 200,000 | 207,197 | |
New York State Thruway Authority | ||||
Revenue Bonds | ||||
Series 2019B | ||||
01/01/2045 | 4.000% | 2,415,000 | 2,354,098 | |
Total | 2,561,295 | |||
Water & Sewer 2.7% | ||||
New York City Water & Sewer System | ||||
Revenue Bonds | ||||
Series 2017 | ||||
06/15/2048 | 5.000% | 2,000,000 | 2,161,149 | |
Series 2019DD-1 | ||||
06/15/2049 | 5.000% | 2,000,000 | 2,162,987 | |
Western Nassau County Water Authority | ||||
Revenue Bonds | ||||
Green Bonds | ||||
Series 2021A | ||||
04/01/2051 | 4.000% | 225,000 | 233,318 | |
Total | 4,557,454 | |||
Total Municipal Bonds (Cost $175,308,193) | 166,967,035 |
Money Market Funds 1.2% | ||
Shares | Value ($) | |
JPMorgan Institutional Tax Free Money Market Fund, Institutional Shares, 0.283%(g) | 2,016,400 | 2,016,400 |
Total Money Market Funds (Cost $2,016,400) | 2,016,400 | |
Total Investments in Securities (Cost: $177,324,593) | 168,983,435 | |
Other Assets & Liabilities, Net | 732,318 | |
Net Assets | 169,715,753 |
12 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 10-Year Note | (124) | 06/2022 | USD | (14,775,375) | 318,171 | — |
(a) | Income from this security may be subject to alternative minimum tax. |
(b) | 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 April 30, 2022, the total value of these securities amounted to $11,151,270, which represents 6.57% of total net assets. |
(c) | 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 April 30, 2022, the total value of these securities amounted to $9,649,058, which represents 5.69% of total net assets. |
(d) | Represents a security purchased on a when-issued basis. |
(e) | Represents securities that have defaulted on payment of interest. The Fund has stopped accruing interest on these securities. At April 30, 2022, the total value of these securities amounted to $3,155,750, which represents 1.86% of total net assets. |
(f) | Zero coupon bond. |
(g) | The rate shown is the seven-day current annualized yield at April 30, 2022. |
AGM | Assured Guaranty Municipal Corporation |
AMBAC | Ambac Assurance Corporation |
FHA | Federal Housing Authority |
GNMA | Government National Mortgage Association |
NPFGC | National Public Finance Guarantee Corporation |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 13 |
April 30, 2022 (Unaudited)
illiquid, restricted, or in default; and the effectiveness of third party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. The Committee reports to the Board, with members of the Committee meeting with the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Municipal Bonds | — | 166,967,035 | — | 166,967,035 |
Money Market Funds | 2,016,400 | — | — | 2,016,400 |
Total Investments in Securities | 2,016,400 | 166,967,035 | — | 168,983,435 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 318,171 | — | — | 318,171 |
Total | 2,334,571 | 166,967,035 | — | 169,301,606 |
14 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $177,324,593) | $168,983,435 |
Cash | 3,762 |
Margin deposits on: | |
Futures contracts | 233,300 |
Receivable for: | |
Capital shares sold | 468,887 |
Interest | 2,262,667 |
Variation margin for futures contracts | 25,187 |
Expense reimbursement due from Investment Manager | 384 |
Prepaid expenses | 2,097 |
Trustees’ deferred compensation plan | 89,484 |
Total assets | 172,069,203 |
Liabilities | |
Payable for: | |
Investments purchased on a delayed delivery basis | 1,070,650 |
Capital shares purchased | 728,396 |
Distributions to shareholders | 419,327 |
Management services fees | 2,193 |
Distribution and/or service fees | 860 |
Transfer agent fees | 10,868 |
Compensation of board members | 10,239 |
Other expenses | 21,433 |
Trustees’ deferred compensation plan | 89,484 |
Total liabilities | 2,353,450 |
Net assets applicable to outstanding capital stock | $169,715,753 |
Represented by | |
Paid in capital | 178,893,688 |
Total distributable earnings (loss) | (9,177,935) |
Total - representing net assets applicable to outstanding capital stock | $169,715,753 |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 15 |
April 30, 2022 (Unaudited)
Class A | |
Net assets | $96,914,849 |
Shares outstanding | 3,602,016 |
Net asset value per share | $26.91 |
Maximum sales charge | 3.00% |
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) | $27.74 |
Advisor Class | |
Net assets | $10,442,025 |
Shares outstanding | 388,696 |
Net asset value per share | $26.86 |
Class C | |
Net assets | $10,247,310 |
Shares outstanding | 381,030 |
Net asset value per share | $26.89 |
Institutional Class | |
Net assets | $49,246,362 |
Shares outstanding | 1,831,949 |
Net asset value per share | $26.88 |
Institutional 2 Class | |
Net assets | $2,130,599 |
Shares outstanding | 79,451 |
Net asset value per share | $26.82 |
Institutional 3 Class | |
Net assets | $734,608 |
Shares outstanding | 27,309 |
Net asset value per share | $26.90 |
16 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
Six Months Ended April 30, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $478 |
Interest | 3,123,212 |
Total income | 3,123,690 |
Expenses: | |
Management services fees | 456,363 |
Distribution and/or service fees | |
Class A | 138,244 |
Class C | 52,778 |
Transfer agent fees | |
Class A | 42,214 |
Advisor Class | 4,737 |
Class C | 4,443 |
Institutional Class | 21,381 |
Institutional 2 Class | 773 |
Institutional 3 Class | 55 |
Compensation of board members | 9,133 |
Custodian fees | 5,278 |
Printing and postage fees | 7,253 |
Registration fees | 8,939 |
Audit fees | 14,629 |
Legal fees | 5,759 |
Interest on interfund lending | 7 |
Compensation of chief compliance officer | 21 |
Other | 5,610 |
Total expenses | 777,617 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (76,055) |
Fees waived by distributor | |
Class C | (12,043) |
Total net expenses | 689,519 |
Net investment income | 2,434,171 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (776,940) |
Futures contracts | (223,580) |
Swap contracts | 22,000 |
Net realized loss | (978,520) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (20,207,684) |
Futures contracts | 312,504 |
Net change in unrealized appreciation (depreciation) | (19,895,180) |
Net realized and unrealized loss | (20,873,700) |
Net decrease in net assets resulting from operations | $(18,439,529) |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 17 |
Six Months Ended April 30, 2022 (Unaudited) | Year Ended October 31, 2021 | |
Operations | ||
Net investment income | $2,434,171 | $4,847,512 |
Net realized gain (loss) | (978,520) | 1,029,118 |
Net change in unrealized appreciation (depreciation) | (19,895,180) | 4,181,313 |
Net increase (decrease) in net assets resulting from operations | (18,439,529) | 10,057,943 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (2,226,261) | (3,501,106) |
Advisor Class | (262,080) | (350,444) |
Class C | (207,613) | (352,513) |
Institutional Class | (1,181,996) | (1,705,752) |
Institutional 2 Class | (57,799) | (60,839) |
Institutional 3 Class | (18,596) | (27,385) |
Total distributions to shareholders | (3,954,345) | (5,998,039) |
Increase (decrease) in net assets from capital stock activity | (9,026,140) | 3,885,625 |
Total increase (decrease) in net assets | (31,420,014) | 7,945,529 |
Net assets at beginning of period | 201,135,767 | 193,190,238 |
Net assets at end of period | $169,715,753 | $201,135,767 |
18 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
Six Months Ended | Year Ended | |||
April 30, 2022 (Unaudited) | October 31, 2021 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 64,193 | 1,888,326 | 348,256 | 10,644,602 |
Distributions reinvested | 62,894 | 1,859,360 | 95,819 | 2,917,413 |
Redemptions | (413,172) | (12,074,331) | (426,551) | (13,004,856) |
Net increase (decrease) | (286,085) | (8,326,645) | 17,524 | 557,159 |
Advisor Class | ||||
Subscriptions | 57,625 | 1,682,794 | 136,465 | 4,155,951 |
Distributions reinvested | 8,898 | 261,863 | 11,508 | 350,104 |
Redemptions | (86,596) | (2,410,347) | (47,995) | (1,459,024) |
Net increase (decrease) | (20,073) | (465,690) | 99,978 | 3,047,031 |
Class C | ||||
Subscriptions | 17,966 | 524,805 | 48,086 | 1,466,017 |
Distributions reinvested | 6,098 | 180,322 | 9,726 | 295,664 |
Redemptions | (45,722) | (1,318,799) | (164,179) | (5,014,579) |
Net decrease | (21,658) | (613,672) | (106,367) | (3,252,898) |
Institutional Class | ||||
Subscriptions | 477,178 | 13,938,716 | 396,425 | 12,118,408 |
Distributions reinvested | 25,829 | 760,031 | 36,584 | 1,113,190 |
Redemptions | (518,500) | (14,870,012) | (315,309) | (9,608,582) |
Net increase (decrease) | (15,493) | (171,265) | 117,700 | 3,623,016 |
Institutional 2 Class | ||||
Subscriptions | 44,360 | 1,321,689 | 8,071 | 247,558 |
Distributions reinvested | 1,957 | 57,583 | 1,994 | 60,499 |
Redemptions | (28,410) | (799,776) | (15,344) | (466,433) |
Net increase (decrease) | 17,907 | 579,496 | (5,279) | (158,376) |
Institutional 3 Class | ||||
Subscriptions | 5,648 | 164,730 | 6,222 | 189,093 |
Distributions reinvested | 624 | 18,380 | 888 | 27,044 |
Redemptions | (7,568) | (211,474) | (4,806) | (146,444) |
Net increase (decrease) | (1,296) | (28,364) | 2,304 | 69,693 |
Total net increase (decrease) | (326,698) | (9,026,140) | 125,860 | 3,885,625 |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 19 |
Net asset value, beginning of period | Net investment income | 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(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $30.32 | 0.36 | (3.18) | (2.82) | (0.36) | (0.23) | (0.59) |
Year Ended 10/31/2021 | $29.68 | 0.73 | 0.81 | 1.54 | (0.72) | (0.18) | (0.90) |
Year Ended 10/31/2020 | $30.29 | 0.78 | (0.32) | 0.46 | (0.78) | (0.29) | (1.07) |
Year Ended 10/31/2019 | $28.51 | 0.88 | 1.78 | 2.66 | (0.88) | — | (0.88) |
Year Ended 10/31/2018 | $29.81 | 0.92 | (1.22) | (0.30) | (0.96) | (0.04) | (1.00) |
Year Ended 10/31/2017 | $30.33 | 0.96 | (0.52) | 0.44 | (0.92) | (0.04) | (0.96) |
Advisor Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $30.27 | 0.39 | (3.18) | (2.79) | (0.39) | (0.23) | (0.62) |
Year Ended 10/31/2021 | $29.64 | 0.80 | 0.81 | 1.61 | (0.80) | (0.18) | (0.98) |
Year Ended 10/31/2020 | $30.25 | 0.85 | (0.32) | 0.53 | (0.85) | (0.29) | (1.14) |
Year Ended 10/31/2019 | $28.47 | 0.96 | 1.78 | 2.74 | (0.96) | — | (0.96) |
Year Ended 10/31/2018 | $29.77 | 1.00 | (1.26) | (0.26) | (1.00) | (0.04) | (1.04) |
Year Ended 10/31/2017 | $30.27 | 1.04 | (0.50) | 0.54 | (1.00) | (0.04) | (1.04) |
Class C(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $30.30 | 0.29 | (3.18) | (2.89) | (0.29) | (0.23) | (0.52) |
Year Ended 10/31/2021 | $29.67 | 0.59 | 0.81 | 1.40 | (0.59) | (0.18) | (0.77) |
Year Ended 10/31/2020 | $30.28 | 0.65 | (0.33) | 0.32 | (0.64) | (0.29) | (0.93) |
Year Ended 10/31/2019 | $28.50 | 0.76 | 1.78 | 2.54 | (0.76) | — | (0.76) |
Year Ended 10/31/2018 | $29.80 | 0.80 | (1.26) | (0.46) | (0.80) | (0.04) | (0.84) |
Year Ended 10/31/2017 | $30.31 | 0.80 | (0.47) | 0.33 | (0.80) | (0.04) | (0.84) |
Institutional Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $30.29 | 0.39 | (3.18) | (2.79) | (0.39) | (0.23) | (0.62) |
Year Ended 10/31/2021 | $29.66 | 0.80 | 0.81 | 1.61 | (0.80) | (0.18) | (0.98) |
Year Ended 10/31/2020 | $30.26 | 0.85 | (0.31) | 0.54 | (0.85) | (0.29) | (1.14) |
Year Ended 10/31/2019 | $28.49 | 0.96 | 1.77 | 2.73 | (0.96) | — | (0.96) |
Year Ended 10/31/2018 | $29.79 | 1.00 | (1.26) | (0.26) | (1.00) | (0.04) | (1.04) |
Year Ended 10/31/2017 | $30.30 | 1.04 | (0.51) | 0.53 | (1.00) | (0.04) | (1.04) |
Institutional 2 Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $30.22 | 0.40 | (3.17) | (2.77) | (0.40) | (0.23) | (0.63) |
Year Ended 10/31/2021 | $29.58 | 0.81 | 0.81 | 1.62 | (0.80) | (0.18) | (0.98) |
Year Ended 10/31/2020 | $30.19 | 0.86 | (0.32) | 0.54 | (0.86) | (0.29) | (1.15) |
Year Ended 10/31/2019 | $28.42 | 0.96 | 1.77 | 2.73 | (0.96) | — | (0.96) |
Year Ended 10/31/2018 | $29.72 | 1.00 | (1.26) | (0.26) | (1.00) | (0.04) | (1.04) |
Year Ended 10/31/2017 | $30.22 | 1.04 | (0.50) | 0.54 | (1.00) | (0.04) | (1.04) |
20 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
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 ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $26.91 | (9.47%) | 0.85%(d),(e) | 0.78%(d),(e) | 2.44%(d) | 10% | $96,915 |
Year Ended 10/31/2021 | $30.32 | 5.23% | 0.85% | 0.78%(f) | 2.39% | 18% | $117,874 |
Year Ended 10/31/2020 | $29.68 | 1.59% | 0.85%(e) | 0.80%(e),(f) | 2.63% | 26% | $114,883 |
Year Ended 10/31/2019 | $30.29 | 9.37% | 0.85% | 0.80%(f) | 3.00% | 46% | $117,062 |
Year Ended 10/31/2018 | $28.51 | (1.02%) | 0.85% | 0.80%(f) | 3.21% | 19% | $120,625 |
Year Ended 10/31/2017 | $29.81 | 1.59% | 0.85% | 0.79%(f) | 3.21% | 7% | $134,602 |
Advisor Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $26.86 | (9.37%) | 0.60%(d),(e) | 0.53%(d),(e) | 2.69%(d) | 10% | $10,442 |
Year Ended 10/31/2021 | $30.27 | 5.46% | 0.61% | 0.53%(f) | 2.63% | 18% | $12,373 |
Year Ended 10/31/2020 | $29.64 | 1.84% | 0.60%(e) | 0.55%(e),(f) | 2.88% | 26% | $9,151 |
Year Ended 10/31/2019 | $30.25 | 9.66% | 0.60% | 0.55%(f) | 3.23% | 46% | $6,470 |
Year Ended 10/31/2018 | $28.47 | (0.78%) | 0.60% | 0.55%(f) | 3.48% | 19% | $4,821 |
Year Ended 10/31/2017 | $29.77 | 1.84% | 0.59% | 0.55%(f) | 3.46% | 7% | $2,518 |
Class C(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $26.89 | (9.68%) | 1.51%(d),(e) | 1.23%(d),(e) | 1.99%(d) | 10% | $10,247 |
Year Ended 10/31/2021 | $30.30 | 4.72% | 1.60% | 1.23%(f) | 1.94% | 18% | $12,203 |
Year Ended 10/31/2020 | $29.67 | 1.10% | 1.60%(e) | 1.25%(e),(f),(g) | 2.18% | 26% | $15,103 |
Year Ended 10/31/2019 | $30.28 | 9.04% | 1.60% | 1.25%(f),(g) | 2.56% | 46% | $19,693 |
Year Ended 10/31/2018 | $28.50 | (1.60%) | 1.60% | 1.25%(f),(g) | 2.76% | 19% | $21,111 |
Year Ended 10/31/2017 | $29.80 | 1.13% | 1.60% | 1.24%(f),(g) | 2.76% | 7% | $27,972 |
Institutional Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $26.88 | (9.36%) | 0.60%(d),(e) | 0.53%(d),(e) | 2.69%(d) | 10% | $49,246 |
Year Ended 10/31/2021 | $30.29 | 5.46% | 0.60% | 0.53%(f) | 2.63% | 18% | $55,959 |
Year Ended 10/31/2020 | $29.66 | 1.77% | 0.60%(e) | 0.55%(e),(f) | 2.88% | 26% | $51,296 |
Year Ended 10/31/2019 | $30.26 | 9.80% | 0.60% | 0.55%(f) | 3.24% | 46% | $52,745 |
Year Ended 10/31/2018 | $28.49 | (0.91%) | 0.60% | 0.55%(f) | 3.46% | 19% | $41,072 |
Year Ended 10/31/2017 | $29.79 | 1.84% | 0.60% | 0.55%(f) | 3.48% | 7% | $46,257 |
Institutional 2 Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $26.82 | (9.35%) | 0.59%(d),(e) | 0.51%(d),(e) | 2.71%(d) | 10% | $2,131 |
Year Ended 10/31/2021 | $30.22 | 5.52% | 0.59% | 0.52% | 2.65% | 18% | $1,860 |
Year Ended 10/31/2020 | $29.58 | 1.78% | 0.58%(e) | 0.53%(e) | 2.89% | 26% | $1,977 |
Year Ended 10/31/2019 | $30.19 | 9.84% | 0.58% | 0.53% | 3.28% | 46% | $4,207 |
Year Ended 10/31/2018 | $28.42 | (0.91%) | 0.58% | 0.54% | 3.46% | 19% | $5,457 |
Year Ended 10/31/2017 | $29.72 | 1.98% | 0.59% | 0.54% | 3.46% | 7% | $6,497 |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 21 |
Net asset value, beginning of period | Net investment income | 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(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $30.31 | 0.40 | (3.18) | (2.78) | (0.40) | (0.23) | (0.63) |
Year Ended 10/31/2021 | $29.67 | 0.82 | 0.82 | 1.64 | (0.82) | (0.18) | (1.00) |
Year Ended 10/31/2020 | $30.28 | 0.87 | (0.32) | 0.55 | (0.87) | (0.29) | (1.16) |
Year Ended 10/31/2019 | $28.50 | 0.96 | 1.78 | 2.74 | (0.96) | — | (0.96) |
Year Ended 10/31/2018 | $29.80 | 1.04 | (1.26) | (0.22) | (1.04) | (0.04) | (1.08) |
Year Ended 10/31/2017(h) | $29.32 | 0.68 | 0.48(i) | 1.16 | (0.68) | — | (0.68) |
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) | Per share amounts have been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
(d) | Annualized. |
(e) | Ratios include interfund lending expense which is less than 0.01%. |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(g) | Ratios include the impact of voluntary waivers paid by the Investment Manager. For the periods indicated below, if the Investment Manager had not paid these voluntary waivers, the Fund’s net expense ratio would increase by: |
10/31/2020 | 10/31/2019 | 10/31/2018 | 10/31/2017 | |
Class C | 0.25% | 0.30% | 0.30% | 0.30% |
(h) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
(i) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
22 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
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 ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class(c) | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $26.90 | (9.33%) | 0.54%(d),(e) | 0.46%(d),(e) | 2.76%(d) | 10% | $735 |
Year Ended 10/31/2021 | $30.31 | 5.56% | 0.54% | 0.47% | 2.70% | 18% | $867 |
Year Ended 10/31/2020 | $29.67 | 1.87% | 0.54%(e) | 0.49%(e) | 2.95% | 26% | $780 |
Year Ended 10/31/2019 | $30.28 | 9.71% | 0.54% | 0.49% | 3.17% | 46% | $741 |
Year Ended 10/31/2018 | $28.50 | (0.72%) | 0.54% | 0.50% | 3.49% | 19% | $38 |
Year Ended 10/31/2017(h) | $29.80 | 4.00% | 0.54%(d) | 0.50%(d) | 3.62%(d) | 7% | $105 |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 23 |
April 30, 2022 (Unaudited)
24 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 25 |
April 30, 2022 (Unaudited)
26 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 318,171* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin 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 | Futures contracts ($) | Swap contracts ($) | Total ($) |
Interest rate risk | (223,580) | 22,000 | (201,580) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | 312,504 |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 27 |
April 30, 2022 (Unaudited)
Derivative instrument | Average notional amounts ($)* |
Futures contracts — short | 11,546,672 |
Derivative instrument | Average unrealized appreciation ($)** | Average unrealized depreciation ($)** |
Interest rate swap contracts | 760 | (3,870) |
* | Based on the ending quarterly outstanding amounts for the six months ended April 30, 2022. |
** | Based on the ending daily outstanding amounts for the six months ended April 30, 2022. |
28 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 29 |
April 30, 2022 (Unaudited)
Effective rate (%) | |
Class A | 0.08 |
Advisor Class | 0.08 |
Class C | 0.08 |
Institutional Class | 0.08 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 3.00 | 0.75(a) | 2,948 |
Class C | — | 1.00(b) | — |
(a) | This charge is imposed on certain investments of $500,000 or more if redeemed within 12 months after purchase. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
30 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
March 1, 2022 through February 28, 2023 | Prior to March 1, 2022 | |
Class A | 0.78% | 0.78% |
Advisor Class | 0.53 | 0.53 |
Class C | 1.23 | 1.53 |
Institutional Class | 0.53 | 0.53 |
Institutional 2 Class | 0.51 | 0.51 |
Institutional 3 Class | 0.46 | 0.46 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
177,325,000 | 1,726,000 | (9,749,000) | (8,023,000) |
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 31 |
April 30, 2022 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 300,000 | 0.84 | 1 |
32 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 33 |
April 30, 2022 (Unaudited)
34 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 | 35 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
36 | Columbia Strategic New York Municipal Income Fund | Semiannual Report 2022 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
April 30, 2022 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended April 30, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 11/25/02 | -7.02 | -6.91 | 1.08 | 1.54 |
Including sales charges | -9.78 | -9.73 | 0.46 | 1.23 | ||
Advisor Class* | 03/19/13 | -6.99 | -6.69 | 1.33 | 1.78 | |
Class C | Excluding sales charges | 11/25/02 | -7.30 | -7.33 | 0.62 | 1.09 |
Including sales charges | -8.22 | -8.25 | 0.62 | 1.09 | ||
Institutional Class | 12/31/91 | -6.90 | -6.68 | 1.34 | 1.79 | |
Institutional 2 Class* | 03/01/16 | -6.94 | -6.69 | 1.40 | 1.82 | |
Institutional 3 Class* | 03/01/17 | -6.99 | -6.63 | 1.43 | 1.84 | |
Class V | Excluding sales charges | 12/31/91 | -6.97 | -6.82 | 1.19 | 1.64 |
Including sales charges | -11.37 | -11.26 | 0.21 | 1.15 | ||
Bloomberg New York 3-15 Year Blend Municipal Bond Index | -7.01 | -7.17 | 1.35 | 2.03 | ||
Bloomberg 3-15 Year Blend Municipal Bond Index | -7.17 | -7.28 | 1.62 | 2.21 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. Since the Fund launched more than one share class at its inception, Institutional Class shares were used. 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. |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 3 |
(Unaudited)
Quality breakdown (%) (at April 30, 2022) | |
AAA rating | 6.3 |
AA rating | 24.6 |
A rating | 52.8 |
BBB rating | 10.0 |
B rating | 1.5 |
Not rated | 4.8 |
Total | 100.0 |
4 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
(Unaudited)
November 1, 2021 — April 30, 2022 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 929.80 | 1,021.24 | 3.56 | 3.73 | 0.74 |
Advisor Class | 1,000.00 | 1,000.00 | 930.10 | 1,022.49 | 2.36 | 2.47 | 0.49 |
Class C | 1,000.00 | 1,000.00 | 927.00 | 1,019.00 | 5.72 | 5.99 | 1.19 |
Institutional Class | 1,000.00 | 1,000.00 | 931.00 | 1,022.49 | 2.36 | 2.47 | 0.49 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 930.60 | 1,022.79 | 2.07 | 2.17 | 0.43 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 930.10 | 1,023.04 | 1.83 | 1.92 | 0.38 |
Class V | 1,000.00 | 1,000.00 | 930.30 | 1,021.74 | 3.08 | 3.23 | 0.64 |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 5 |
April 30, 2022 (Unaudited)
Municipal Bonds 96.1% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Air Transportation 1.5% | ||||
New York Transportation Development Corp.(a) | ||||
Refunding Revenue Bonds | ||||
American Airlines, Inc. Project | ||||
Series 2021 | ||||
08/01/2031 | 3.000% | 650,000 | 601,620 | |
Terminal 4 John F. Kennedy International Airport Project | ||||
Series 2020 | ||||
12/01/2036 | 5.000% | 800,000 | 833,780 | |
12/01/2038 | 4.000% | 300,000 | 285,444 | |
New York Transportation Development Corp. | ||||
Refunding Revenue Bonds | ||||
Terminal 4 John F. Kennedy International Airport Project | ||||
Series 2020 | ||||
12/01/2038 | 5.000% | 1,000,000 | 1,059,633 | |
Total | 2,780,477 | |||
Charter Schools 1.3% | ||||
Build NYC Resource Corp. | ||||
Revenue Bonds | ||||
Academic Leadership Charter School Project | ||||
Series 2021 | ||||
06/15/2036 | 4.000% | 200,000 | 188,337 | |
International Leadership Charter School | ||||
Series 2013 | ||||
07/01/2023 | 5.000% | 765,000 | 771,758 | |
Build NYC Resource Corp.(b) | ||||
Revenue Bonds | ||||
International Leadership Charter School | ||||
Series 2016 | ||||
07/01/2046 | 6.250% | 420,000 | 430,752 | |
Monroe County Industrial Development Corp.(b) | ||||
Revenue Bonds | ||||
True North Rochester Preparatory Charter School Project | ||||
Series 2020 | ||||
06/01/2040 | 5.000% | 900,000 | 926,406 | |
Total | 2,317,253 | |||
Health Services 2.0% | ||||
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
Icahn School of Medicine at Mount Sinai | ||||
Series 2015 | ||||
07/01/2030 | 5.000% | 3,400,000 | 3,583,099 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Higher Education 7.8% | ||||
Albany Capital Resource Corp. | ||||
Refunding Revenue Bonds | ||||
Albany College of Pharmacy & Health Sciences | ||||
Series 2014 | ||||
12/01/2031 | 5.000% | 500,000 | 520,169 | |
Build NYC Resource Corp. | ||||
Refunding Revenue Bonds | ||||
City University of New York-Queens | ||||
Series 2014A | ||||
06/01/2029 | 5.000% | 225,000 | 236,353 | |
06/01/2030 | 5.000% | 300,000 | 315,137 | |
Manhattan College Project | ||||
Series 2017 | ||||
08/01/2033 | 5.000% | 400,000 | 431,461 | |
County of Saratoga | ||||
Revenue Bonds | ||||
Skidmore College Project | ||||
Series 2018 | ||||
07/01/2033 | 5.000% | 165,000 | 180,619 | |
07/01/2034 | 5.000% | 200,000 | 218,687 | |
07/01/2035 | 5.000% | 200,000 | 218,467 | |
Dutchess County Local Development Corp. | ||||
Refunding Revenue Bonds | ||||
Culinary Institute of America (The) | ||||
Series 2018 | ||||
07/01/2032 | 5.000% | 220,000 | 235,624 | |
Vassar College Project | ||||
Series 2017 | ||||
07/01/2034 | 5.000% | 500,000 | 541,486 | |
Revenue Bonds | ||||
Marist College Project | ||||
Series 2015A | ||||
07/01/2029 | 5.000% | 1,000,000 | 1,057,102 | |
Series 2018 | ||||
07/01/2031 | 5.000% | 170,000 | 186,178 | |
07/01/2032 | 5.000% | 210,000 | 229,631 | |
07/01/2033 | 5.000% | 205,000 | 223,808 | |
Hempstead Town Local Development Corp. | ||||
Revenue Bonds | ||||
Hofstra University Project | ||||
Series 2013 | ||||
07/01/2028 | 5.000% | 1,170,000 | 1,201,658 | |
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
Barnard College | ||||
Series 2015A | ||||
07/01/2030 | 5.000% | 700,000 | 738,776 |
6 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Rochester Institute | ||||
Series 2019A | ||||
07/01/2036 | 5.000% | 750,000 | 828,918 | |
St. John’s University | ||||
Series 2015A | ||||
07/01/2030 | 5.000% | 2,340,000 | 2,471,069 | |
Teacher’s College | ||||
Series 2017 | ||||
07/01/2029 | 5.000% | 175,000 | 190,663 | |
07/01/2030 | 5.000% | 150,000 | 163,013 | |
Revenue Bonds | ||||
New York University | ||||
Series 2019A | ||||
07/01/2037 | 5.000% | 2,000,000 | 2,224,514 | |
St. Lawrence County Industrial Development Agency | ||||
Refunding Revenue Bonds | ||||
Clarkson University Project | ||||
Series 2021 | ||||
09/01/2038 | 5.000% | 200,000 | 218,928 | |
09/01/2039 | 5.000% | 200,000 | 218,361 | |
Tompkins County Development Corp. | ||||
Refunding Revenue Bonds | ||||
Ithaca College Project | ||||
Series 2018 | ||||
07/01/2034 | 5.000% | 575,000 | 627,052 | |
Troy Capital Resource Corp. | ||||
Refunding Revenue Bonds | ||||
Forward Delivery - Rensselaer Polytechnic Institute Project | ||||
Series 2020 | ||||
09/01/2030 | 5.000% | 500,000 | 563,278 | |
09/01/2037 | 5.000% | 250,000 | 276,860 | |
Total | 14,317,812 | |||
Hospital 12.1% | ||||
Buffalo & Erie County Industrial Land Development Corp. | ||||
Revenue Bonds | ||||
Catholic Health System | ||||
Series 2015 | ||||
07/01/2027 | 5.000% | 400,000 | 410,558 | |
07/01/2028 | 5.000% | 360,000 | 368,682 | |
County of Saratoga | ||||
Revenue Bonds | ||||
Saratoga Hospital Project | ||||
Series 2013A | ||||
12/01/2024 | 5.000% | 1,085,000 | 1,129,643 | |
12/01/2025 | 5.000% | 1,115,000 | 1,160,348 | |
12/01/2027 | 5.000% | 1,225,000 | 1,273,659 | |
Dutchess County Local Development Corp. | ||||
Refunding Revenue Bonds | ||||
Nuvance Health Issue | ||||
Series 2019B | ||||
07/01/2033 | 5.000% | 1,250,000 | 1,353,861 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Monroe County Industrial Development Corp. | ||||
Refunding Revenue Bonds | ||||
Highland Hospital Rochester Project | ||||
Series 2015 | ||||
07/01/2025 | 5.000% | 450,000 | 478,528 | |
07/01/2026 | 5.000% | 350,000 | 372,407 | |
University of Rochester Project | ||||
Series 2017 | ||||
07/01/2035 | 4.000% | 1,285,000 | 1,310,835 | |
Revenue Bonds | ||||
Rochester General Hospital (The) | ||||
Series 2017 | ||||
12/01/2035 | 5.000% | 1,000,000 | 1,075,809 | |
Nassau County Local Economic Assistance Corp. | ||||
Revenue Bonds | ||||
Catholic Health Services of Long Island | ||||
Series 2014 | ||||
07/01/2032 | 5.000% | 1,250,000 | 1,305,942 | |
07/01/2033 | 5.000% | 675,000 | 704,486 | |
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
Catholic Health System Obligation Group | ||||
Series 2019 | ||||
07/01/2035 | 5.000% | 300,000 | 303,052 | |
07/01/2036 | 5.000% | 1,000,000 | 1,009,202 | |
Memorial Sloan-Kettering Cancer Center | ||||
Series 2017 | ||||
07/01/2034 | 4.000% | 1,000,000 | 1,015,806 | |
Montefiore Obligated Group | ||||
Series 2020A | ||||
09/01/2037 | 4.000% | 300,000 | 287,652 | |
North Shore - Long Island Jewish Obligation Group | ||||
Series 2015A | ||||
05/01/2031 | 5.000% | 3,000,000 | 3,187,521 | |
NYU Hospitals Center | ||||
Series 2014 | ||||
07/01/2030 | 5.000% | 1,000,000 | 1,046,468 | |
07/01/2031 | 5.000% | 1,000,000 | 1,044,968 | |
Revenue Bonds | ||||
Memorial Sloan Kettering Cancer Center | ||||
Series 2019 | ||||
07/01/2035 | 5.000% | 1,000,000 | 1,121,877 | |
07/01/2036 | 5.000% | 1,000,000 | 1,119,415 | |
New York State Dormitory Authority(b) | ||||
Refunding Revenue Bonds | ||||
Orange Regional Medical Center | ||||
Series 2017 | ||||
12/01/2031 | 5.000% | 1,000,000 | 1,092,423 | |
Total | 22,173,142 |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 7 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Local General Obligation 16.4% | ||||
City of New York | ||||
Unlimited General Obligation Bonds | ||||
Fiscal 2020 | ||||
Series 2019B-1 | ||||
10/01/2038 | 5.000% | 1,000,000 | 1,099,502 | |
Subordinated Series 2019H-A | ||||
01/01/2035 | 5.000% | 1,500,000 | 1,647,534 | |
Unlimited General Obligation Refunding Bonds | ||||
Series 2014J | ||||
08/01/2030 | 5.000% | 1,500,000 | 1,576,786 | |
Series 2019E | ||||
08/01/2025 | 5.000% | 1,000,000 | 1,073,868 | |
Unlimited General Obligation Refunding Notes | ||||
Series 2016C | ||||
08/01/2032 | 5.000% | 2,000,000 | 2,145,689 | |
City of Syracuse | ||||
Limited General Obligation Refunding & Public Improvement Bonds | ||||
Series 2014 | ||||
08/15/2023 | 5.000% | 405,000 | 419,382 | |
Limited General Obligation Refunding Bonds | ||||
Series 2015A | ||||
03/01/2024 | 5.000% | 1,000,000 | 1,046,824 | |
City of Yonkers | ||||
Limited General Obligation Bonds | ||||
Series 2016A (AGM) | ||||
11/15/2028 | 5.000% | 1,780,000 | 1,937,654 | |
Series 2017A (BAM) | ||||
09/01/2028 | 5.000% | 2,090,000 | 2,306,996 | |
County of Allegany | ||||
Limited General Obligation Refunding Bonds | ||||
Public Improvement | ||||
Series 2014 (BAM) | ||||
09/15/2028 | 5.000% | 1,375,000 | 1,452,391 | |
County of Monroe(a) | ||||
Limited General Obligation Public Improvement Bonds | ||||
Series 2019B (BAM) | ||||
06/01/2027 | 5.000% | 1,350,000 | 1,478,086 | |
County of Nassau | ||||
Limited General Obligation Bonds | ||||
Series 2017B | ||||
04/01/2033 | 5.000% | 2,000,000 | 2,173,620 | |
County of Rockland | ||||
Limited General Obligation Bonds | ||||
Series 2014A (AGM) | ||||
03/01/2024 | 5.000% | 1,450,000 | 1,519,224 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Monroe County Industrial Development Agency | ||||
Revenue Bonds | ||||
Rochester Schools Modernization Program | ||||
Series 2018 | ||||
05/01/2034 | 5.000% | 750,000 | 836,220 | |
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
School Districts Bond Financing | ||||
Series 2013E (AGM) | ||||
10/01/2031 | 5.000% | 500,000 | 526,342 | |
School Districts Financing Program | ||||
Series 2015B (AGM) | ||||
10/01/2027 | 5.000% | 2,010,000 | 2,164,648 | |
Revenue Bonds | ||||
School District Building Financing Program | ||||
Series 2018 | ||||
10/01/2032 | 5.000% | 2,000,000 | 2,186,226 | |
Ramapo Local Development Corp. | ||||
Refunding Revenue Bonds | ||||
Guaranteed | ||||
Series 2013 | ||||
03/15/2028 | 5.000% | 2,180,000 | 2,202,469 | |
Town of Oyster Bay | ||||
Limited General Obligation Refunding & Public Improvement Bonds | ||||
Series 2014B | ||||
08/15/2023 | 5.000% | 1,850,000 | 1,912,354 | |
Limited General Obligation Refunding Bonds | ||||
Series 2020 (BAM) | ||||
11/01/2027 | 4.000% | 250,000 | 263,270 | |
Total | 29,969,085 | |||
Multi-Family 1.7% | ||||
Amherst Development Corp. | ||||
Refunding Revenue Bonds | ||||
University of Buffalo Student Housing | ||||
Series 2017 (AGM) | ||||
10/01/2028 | 5.000% | 730,000 | 812,052 | |
10/01/2029 | 5.000% | 1,290,000 | 1,430,203 | |
Onondaga County Trust for Cultural Resources | ||||
Refunding Revenue Bonds | ||||
Abby Lane Housing Corp. Project | ||||
Series 2017 | ||||
05/01/2030 | 5.000% | 420,000 | 453,030 | |
05/01/2031 | 5.000% | 400,000 | 430,121 | |
Total | 3,125,406 | |||
Municipal Power 6.1% | ||||
Long Island Power Authority | ||||
Refunding Revenue Bonds | ||||
Series 2014A | ||||
09/01/2034 | 5.000% | 2,000,000 | 2,113,696 |
8 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2016B | ||||
09/01/2025 | 5.000% | 2,500,000 | 2,704,712 | |
09/01/2027 | 5.000% | 1,000,000 | 1,096,775 | |
09/01/2030 | 5.000% | 2,750,000 | 3,002,000 | |
Revenue Bonds | ||||
Electric System General Purpose | ||||
Series 2015B | ||||
09/01/2032 | 5.000% | 765,000 | 816,764 | |
General | ||||
Series 2017 | ||||
09/01/2035 | 5.000% | 1,200,000 | 1,317,749 | |
Total | 11,051,696 | |||
Nursing Home 0.7% | ||||
Monroe County Industrial Development Corp. | ||||
Refunding Revenue Bonds | ||||
St. Ann’s Community Project | ||||
Series 2019 | ||||
01/01/2030 | 4.000% | 1,325,000 | 1,243,865 | |
Other Bond Issue 1.4% | ||||
Build NYC Resource Corp. | ||||
Revenue Bonds | ||||
Children’s Aid Society Project (The) | ||||
Series 2019 | ||||
07/01/2036 | 4.000% | 100,000 | 102,786 | |
Series 2015 | ||||
07/01/2029 | 5.000% | 545,000 | 578,995 | |
07/01/2031 | 5.000% | 715,000 | 759,556 | |
New York Transportation Development Corp.(a) | ||||
Revenue Bonds | ||||
New York State Thruway Service Areas Project | ||||
Series 2021 | ||||
10/31/2034 | 4.000% | 500,000 | 508,434 | |
10/31/2041 | 4.000% | 570,000 | 569,695 | |
Total | 2,519,466 | |||
Other Revenue 0.2% | ||||
New York City Trust for Cultural Resources | ||||
Refunding Revenue Bonds | ||||
Carnegie Hall | ||||
Series 2019 | ||||
12/01/2037 | 5.000% | 275,000 | 310,816 | |
Pool / Bond Bank 0.2% | ||||
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
New School | ||||
Series 2015 | ||||
07/01/2029 | 5.000% | 420,000 | 445,675 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Ports 6.9% | ||||
Port Authority of New York & New Jersey | ||||
Refunding Revenue Bonds | ||||
Consolidated 184th | ||||
Series 2014 | ||||
09/01/2030 | 5.000% | 2,000,000 | 2,111,834 | |
Consolidated 211th | ||||
Series 2018 | ||||
09/01/2038 | 4.000% | 1,400,000 | 1,414,333 | |
Series 2018-209 | ||||
07/15/2034 | 5.000% | 2,500,000 | 2,797,197 | |
Series 2018-211 | ||||
09/01/2036 | 5.000% | 1,000,000 | 1,115,766 | |
Port Authority of New York & New Jersey(a) | ||||
Refunding Revenue Bonds | ||||
Series 2015-188 | ||||
05/01/2023 | 5.000% | 1,055,000 | 1,084,361 | |
Series 2018-207 | ||||
09/15/2024 | 5.000% | 1,985,000 | 2,077,136 | |
Revenue Bonds | ||||
Consolidated | ||||
Series 2019 | ||||
09/01/2033 | 5.000% | 1,000,000 | 1,093,948 | |
Consolidated Bonds | ||||
Series 221 | ||||
07/15/2037 | 4.000% | 1,000,000 | 986,404 | |
Total | 12,680,979 | |||
Prep School 1.5% | ||||
Build NYC Resource Corp. | ||||
Refunding Revenue Bonds | ||||
Horace Mann School Project | ||||
Series 2014 | ||||
07/01/2026 | 5.000% | 475,000 | 501,480 | |
07/01/2027 | 5.000% | 600,000 | 631,499 | |
Series 2015 | ||||
06/01/2026 | 5.000% | 225,000 | 238,501 | |
06/01/2028 | 5.000% | 250,000 | 264,353 | |
Rensselaer County Industrial Development Agency | ||||
Refunding Revenue Bonds | ||||
Emma Willard School Project | ||||
Series 2015A | ||||
01/01/2034 | 5.000% | 450,000 | 476,332 | |
01/01/2035 | 5.000% | 590,000 | 623,901 | |
Total | 2,736,066 |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 9 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Refunded / Escrowed 5.1% | ||||
Build NYC Resource Corp. | ||||
Prerefunded 07/01/24 Revenue Bonds | ||||
New York Methodist Hospital Project | ||||
Series 2014 | ||||
07/01/2028 | 5.000% | 150,000 | 158,037 | |
07/01/2029 | 5.000% | 175,000 | 184,377 | |
Prerefunded 08/01/25 Revenue Bonds | ||||
YMCA of Greater New York Project | ||||
Series 2015 | ||||
08/01/2029 | 5.000% | 430,000 | 462,458 | |
Dutchess County Local Development Corp. | ||||
Prerefunded 07/01/24 Revenue Bonds | ||||
Series 2014A | ||||
07/01/2034 | 5.000% | 300,000 | 316,074 | |
Metropolitan Transportation Authority | ||||
Prerefunded 11/15/24 Revenue Bonds | ||||
Series 2014C | ||||
11/15/2029 | 5.000% | 3,000,000 | 3,193,433 | |
New York State Dormitory Authority | ||||
Prerefunded 07/01/22 Revenue Bonds | ||||
Culinary Institute of America | ||||
Series 2012 | ||||
07/01/2028 | 5.000% | 500,000 | 502,940 | |
Prerefunded 07/01/24 Revenue Bonds | ||||
Pratt Institute | ||||
Series 2015A | ||||
07/01/2034 | 5.000% | 1,000,000 | 1,051,418 | |
Prerefunded 07/01/25 Revenue Bonds | ||||
New School | ||||
Series 2015 | ||||
07/01/2029 | 5.000% | 30,000 | 32,259 | |
New York State Dormitory Authority(c) | ||||
Revenue Bonds | ||||
Capital Appreciation - Memorial Sloan-Kettering Cancer Center | ||||
Series 2003-1 Escrowed to Maturity (NPFGC) | ||||
07/01/2025 | 0.000% | 3,750,000 | 3,460,709 | |
Total | 9,361,705 | |||
Retirement Communities 2.9% | ||||
Brookhaven Local Development Corp. | ||||
Refunding Revenue Bonds | ||||
Jefferson’s Ferry Project | ||||
Series 2016 | ||||
11/01/2036 | 5.250% | 750,000 | 811,928 | |
Buffalo & Erie County Industrial Land Development Corp. | ||||
Refunding Revenue Bonds | ||||
Orchard Park | ||||
Series 2015 | ||||
11/15/2029 | 5.000% | 550,000 | 579,621 | |
11/15/2030 | 5.000% | 650,000 | 682,795 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Suffolk County Economic Development Corp. | ||||
Refunding Revenue Bonds | ||||
Peconic Landing at Southhold, Inc. | ||||
Series 2020 | ||||
12/01/2034 | 5.000% | 1,000,000 | 1,080,365 | |
Tompkins County Development Corp. | ||||
Refunding Revenue Bonds | ||||
Kendal at Ithaca, Inc. Project | ||||
Series 2014 | ||||
07/01/2029 | 5.000% | 1,000,000 | 1,044,929 | |
07/01/2034 | 5.000% | 1,000,000 | 1,038,954 | |
Total | 5,238,592 | |||
Single Family 0.1% | ||||
State of New York Mortgage Agency | ||||
Refunding Revenue Bonds | ||||
Series 2018-211 | ||||
10/01/2038 | 3.625% | 110,000 | 110,327 | |
Special Non Property Tax 12.0% | ||||
New York City Transitional Finance Authority | ||||
Refunding Revenue Bonds | ||||
Building Aid | ||||
Series 2018S-2A | ||||
07/15/2036 | 5.000% | 2,000,000 | 2,180,227 | |
Revenue Bonds | ||||
Building Aid | ||||
Series 2018S-3 | ||||
07/15/2034 | 5.000% | 1,000,000 | 1,096,266 | |
Future Tax Bonds | ||||
Subordinated Series 2020C | ||||
05/01/2037 | 4.000% | 500,000 | 506,808 | |
Future Tax Secured | ||||
Subordinated Series 2016E-1 | ||||
02/01/2032 | 5.000% | 3,000,000 | 3,231,791 | |
Subordinated Series 2019 | ||||
11/01/2034 | 5.000% | 3,500,000 | 3,869,659 | |
New York Convention Center Development Corp. | ||||
Refunding Revenue Bonds | ||||
Hotel Unit Fee Secured | ||||
Series 2015 | ||||
11/15/2027 | 5.000% | 4,120,000 | 4,412,593 | |
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
Education | ||||
Series 2005B (AMBAC) | ||||
03/15/2026 | 5.500% | 1,000,000 | 1,107,717 | |
Series 2019A-2 | ||||
03/15/2035 | 5.000% | 2,000,000 | 2,197,746 |
10 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
New York State Urban Development Corp. | ||||
Refunding Revenue Bonds | ||||
State Personal Income Tax | ||||
Series 2020C | ||||
03/15/2037 | 4.000% | 1,000,000 | 1,007,696 | |
03/15/2039 | 4.000% | 1,130,000 | 1,134,741 | |
Revenue Bonds | ||||
Series 2020A | ||||
03/15/2037 | 5.000% | 1,000,000 | 1,111,711 | |
Total | 21,856,955 | |||
Special Property Tax 0.6% | ||||
Hudson Yards Infrastructure Corp. | ||||
Refunding Revenue Bonds | ||||
Series 2017A | ||||
02/15/2033 | 5.000% | 1,000,000 | 1,094,786 | |
Tobacco 2.9% | ||||
Chautauqua Tobacco Asset Securitization Corp. | ||||
Refunding Revenue Bonds | ||||
Series 2014 | ||||
06/01/2029 | 5.000% | 2,165,000 | 2,166,870 | |
Suffolk Tobacco Asset Securitization Corp. | ||||
Refunding Revenue Bonds | ||||
Tobacco Settlement Asset-Backed Bonds | ||||
Series 2021 | ||||
06/01/2038 | 4.000% | 1,000,000 | 1,007,593 | |
TSASC, Inc. | ||||
Refunding Revenue Bonds | ||||
Series 2017A | ||||
06/01/2031 | 5.000% | 2,000,000 | 2,122,490 | |
Total | 5,296,953 | |||
Transportation 5.4% | ||||
Metropolitan Transportation Authority | ||||
Refunding Revenue Bonds | ||||
Climate Bond Certified - Green | ||||
Series 2018 | ||||
11/15/2026 | 5.000% | 2,590,000 | 2,785,772 | |
Revenue Bonds | ||||
BAN Series 2019D-1 | ||||
09/01/2022 | 5.000% | 2,000,000 | 2,020,574 | |
Series 2005B (AMBAC) | ||||
11/15/2024 | 5.250% | 750,000 | 800,104 | |
Series 2016C-1 | ||||
11/15/2036 | 5.000% | 3,000,000 | 3,157,114 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Metropolitan Transportation Authority(c) | ||||
Refunding Revenue Bonds | ||||
Green Bonds | ||||
Series 2017C-2 | ||||
11/15/2029 | 0.000% | 1,500,000 | 1,148,175 | |
Total | 9,911,739 | |||
Turnpike / Bridge / Toll Road 6.1% | ||||
New York State Bridge Authority | ||||
Revenue Bonds | ||||
Series 2021A | ||||
01/01/2038 | 4.000% | 200,000 | 208,845 | |
01/01/2039 | 4.000% | 275,000 | 286,438 | |
New York State Thruway Authority | ||||
Refunding Revenue Bonds | ||||
Series 2014K | ||||
01/01/2029 | 5.000% | 1,850,000 | 1,952,399 | |
01/01/2032 | 5.000% | 1,000,000 | 1,053,772 | |
Revenue Bonds | ||||
Junior Lien | ||||
Series 2016A | ||||
01/01/2033 | 5.000% | 1,000,000 | 1,074,679 | |
Series 2019B | ||||
01/01/2036 | 5.000% | 2,000,000 | 2,196,182 | |
Triborough Bridge & Tunnel Authority | ||||
Refunding Revenue Bonds | ||||
Series 2018-B | ||||
11/15/2031 | 5.000% | 2,000,000 | 2,334,695 | |
Revenue Bonds | ||||
Series 2020D | ||||
11/15/2037 | 4.000% | 2,050,000 | 2,083,986 | |
Total | 11,190,996 | |||
Water & Sewer 1.2% | ||||
Buffalo Municipal Water Finance Authority | ||||
Refunding Revenue Bonds | ||||
Series 2015A | ||||
07/01/2028 | 5.000% | 700,000 | 747,000 | |
New York City Water & Sewer System | ||||
Refunding Revenue Bonds | ||||
Series 2019AA | ||||
06/15/2032 | 5.000% | 1,000,000 | 1,128,122 | |
Western Nassau County Water Authority | ||||
Revenue Bonds | ||||
Series 2015A | ||||
04/01/2027 | 5.000% | 145,000 | 154,848 | |
04/01/2028 | 5.000% | 175,000 | 186,531 | |
Total | 2,216,501 | |||
Total Municipal Bonds (Cost $178,931,090) | 175,533,391 |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 11 |
April 30, 2022 (Unaudited)
Money Market Funds 2.8% | ||
Shares | Value ($) | |
Dreyfus Tax Exempt Cash Management Fund, Institutional Shares, 0.318%(d) | 100,010 | 100,000 |
JPMorgan Institutional Tax Free Money Market Fund, Institutional Shares, 0.283%(d) | 4,963,523 | 4,963,523 |
Total Money Market Funds (Cost $5,063,523) | 5,063,523 | |
Total Investments in Securities (Cost: $183,994,613) | 180,596,914 | |
Other Assets & Liabilities, Net | 2,071,185 | |
Net Assets | 182,668,099 |
(a) | Income from this security may be subject to alternative minimum tax. |
(b) | 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 April 30, 2022, the total value of these securities amounted to $2,449,581, which represents 1.34% of total net assets. |
(c) | Zero coupon bond. |
(d) | The rate shown is the seven-day current annualized yield at April 30, 2022. |
AGM | Assured Guaranty Municipal Corporation |
AMBAC | Ambac Assurance Corporation |
BAM | Build America Mutual Assurance Co. |
BAN | Bond Anticipation Note |
NPFGC | National Public Finance Guarantee Corporation |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
12 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
The Committee meets at least monthly to review and approve valuation matters, which may include a description of specific valuation determinations, data regarding pricing information received from approved pricing vendors and brokers and the results of Board-approved valuation control policies and procedures (the Policies). The Policies address, among other things, instances when market quotations are or are not readily available, including recommendations of third party pricing vendors and a determination of appropriate pricing methodologies; events that require specific valuation determinations and assessment of fair value techniques; securities with a potential for stale pricing, including those that are illiquid, restricted, or in default; and the effectiveness of third party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. The Committee reports to the Board, with members of the Committee meeting with the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Municipal Bonds | — | 175,533,391 | — | 175,533,391 |
Money Market Funds | 5,063,523 | — | — | 5,063,523 |
Total Investments in Securities | 5,063,523 | 175,533,391 | — | 180,596,914 |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 13 |
April 30, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $183,994,613) | $180,596,914 |
Receivable for: | |
Capital shares sold | 188,802 |
Interest | 2,421,671 |
Expense reimbursement due from Investment Manager | 767 |
Prepaid expenses | 2,348 |
Trustees’ deferred compensation plan | 95,116 |
Total assets | 183,305,618 |
Liabilities | |
Due to custodian | 4,851 |
Payable for: | |
Capital shares purchased | 124,967 |
Distributions to shareholders | 358,799 |
Management services fees | 2,354 |
Distribution and/or service fees | 202 |
Transfer agent fees | 22,664 |
Compensation of board members | 10,355 |
Other expenses | 18,211 |
Trustees’ deferred compensation plan | 95,116 |
Total liabilities | 637,519 |
Net assets applicable to outstanding capital stock | $182,668,099 |
Represented by | |
Paid in capital | 186,636,422 |
Total distributable earnings (loss) | (3,968,323) |
Total - representing net assets applicable to outstanding capital stock | $182,668,099 |
14 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Class A | |
Net assets | $16,982,531 |
Shares outstanding | 1,529,040 |
Net asset value per share | $11.11 |
Maximum sales charge | 3.00% |
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) | $11.45 |
Advisor Class | |
Net assets | $4,760,388 |
Shares outstanding | 429,231 |
Net asset value per share | $11.09 |
Class C | |
Net assets | $3,513,864 |
Shares outstanding | 316,323 |
Net asset value per share | $11.11 |
Institutional Class | |
Net assets | $146,890,350 |
Shares outstanding | 13,226,896 |
Net asset value per share | $11.11 |
Institutional 2 Class | |
Net assets | $4,883,501 |
Shares outstanding | 439,025 |
Net asset value per share | $11.12 |
Institutional 3 Class | |
Net assets | $1,147,789 |
Shares outstanding | 102,993 |
Net asset value per share | $11.14 |
Class V | |
Net assets | $4,489,676 |
Shares outstanding | 404,286 |
Net asset value per share | $11.11 |
Maximum sales charge | 4.75% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class V shares) | $11.66 |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 15 |
Six Months Ended April 30, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $327 |
Interest | 2,747,452 |
Total income | 2,747,779 |
Expenses: | |
Management services fees | 480,426 |
Distribution and/or service fees | |
Class A | 24,385 |
Class C | 17,700 |
Class V | 3,685 |
Transfer agent fees | |
Class A | 11,950 |
Advisor Class | 3,576 |
Class C | 2,391 |
Institutional Class | 100,845 |
Institutional 2 Class | 1,262 |
Institutional 3 Class | 81 |
Class V | 3,006 |
Compensation of board members | 9,194 |
Custodian fees | 829 |
Printing and postage fees | 6,253 |
Registration fees | 10,720 |
Audit fees | 14,629 |
Legal fees | 5,805 |
Interest on interfund lending | 19 |
Compensation of chief compliance officer | 22 |
Other | 6,129 |
Total expenses | 702,907 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (155,816) |
Fees waived by distributor | |
Class C | (4,031) |
Total net expenses | 543,060 |
Net investment income | 2,204,719 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (613,945) |
Net realized loss | (613,945) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (15,907,321) |
Net change in unrealized appreciation (depreciation) | (15,907,321) |
Net realized and unrealized loss | (16,521,266) |
Net decrease in net assets resulting from operations | $(14,316,547) |
16 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
Six Months Ended April 30, 2022 (Unaudited) | Year Ended October 31, 2021 | |
Operations | ||
Net investment income | $2,204,719 | $4,670,467 |
Net realized gain (loss) | (613,945) | 411,451 |
Net change in unrealized appreciation (depreciation) | (15,907,321) | 1,823,798 |
Net increase (decrease) in net assets resulting from operations | (14,316,547) | 6,905,716 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (229,383) | (399,260) |
Advisor Class | (75,900) | (118,391) |
Class C | (37,281) | (77,803) |
Institutional Class | (2,143,937) | (4,035,527) |
Institutional 2 Class | (57,209) | (84,123) |
Institutional 3 Class | (16,925) | (26,504) |
Class V | (60,285) | (109,630) |
Total distributions to shareholders | (2,620,920) | (4,851,238) |
Decrease in net assets from capital stock activity | (14,853,056) | (18,739,579) |
Total decrease in net assets | (31,790,523) | (16,685,101) |
Net assets at beginning of period | 214,458,622 | 231,143,723 |
Net assets at end of period | $182,668,099 | $214,458,622 |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 17 |
Six Months Ended | Year Ended | |||
April 30, 2022 (Unaudited) | October 31, 2021 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 85,070 | 991,940 | 348,558 | 4,260,555 |
Distributions reinvested | 13,140 | 154,738 | 21,303 | 259,677 |
Redemptions | (248,939) | (2,865,649) | (528,646) | (6,430,053) |
Net decrease | (150,729) | (1,718,971) | (158,785) | (1,909,821) |
Advisor Class | ||||
Subscriptions | 26,403 | 315,512 | 199,900 | 2,437,253 |
Distributions reinvested | 6,448 | 75,772 | 9,707 | 118,166 |
Redemptions | (109,494) | (1,257,066) | (50,639) | (617,372) |
Net increase (decrease) | (76,643) | (865,782) | 158,968 | 1,938,047 |
Class C | ||||
Subscriptions | 11,892 | 141,623 | 39,109 | 476,677 |
Distributions reinvested | 2,552 | 30,078 | 5,177 | 63,111 |
Redemptions | (33,905) | (395,696) | (235,292) | (2,874,573) |
Net decrease | (19,461) | (223,995) | (191,006) | (2,334,785) |
Institutional Class | ||||
Subscriptions | 428,874 | 4,878,085 | 562,131 | 6,853,396 |
Distributions reinvested | 32,689 | 384,499 | 56,273 | 685,922 |
Redemptions | (1,569,524) | (18,091,856) | (2,011,197) | (24,512,912) |
Net decrease | (1,107,961) | (12,829,272) | (1,392,793) | (16,973,594) |
Institutional 2 Class | ||||
Subscriptions | 155,238 | 1,799,711 | 93,240 | 1,138,193 |
Distributions reinvested | 4,857 | 57,081 | 6,872 | 83,895 |
Redemptions | (74,774) | (883,237) | (36,868) | (448,169) |
Net increase | 85,321 | 973,555 | 63,244 | 773,919 |
Institutional 3 Class | ||||
Subscriptions | 11,236 | 134,576 | 21,852 | 268,366 |
Distributions reinvested | 1,225 | 14,449 | 1,806 | 22,090 |
Redemptions | (13,235) | (154,744) | (8,370) | (102,238) |
Net increase (decrease) | (774) | (5,719) | 15,288 | 188,218 |
Class V | ||||
Subscriptions | 1,767 | 20,172 | 2,290 | 27,897 |
Distributions reinvested | 3,440 | 40,484 | 5,784 | 70,504 |
Redemptions | (21,250) | (243,528) | (42,567) | (519,964) |
Net decrease | (16,043) | (182,872) | (34,493) | (421,563) |
Total net decrease | (1,286,290) | (14,853,056) | (1,539,577) | (18,739,579) |
18 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 19 |
Net asset value, beginning of period | Net investment income | 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 | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $12.09 | 0.11 | (0.95) | (0.84) | (0.12) | (0.02) | (0.14) |
Year Ended 10/31/2021 | $11.99 | 0.23 | 0.11 | 0.34 | (0.24) | (0.00)(e) | (0.24) |
Year Ended 10/31/2020 | $12.07 | 0.25 | (0.07) | 0.18 | (0.26) | (0.00)(e) | (0.26) |
Year Ended 10/31/2019 | $11.46 | 0.29 | 0.61 | 0.90 | (0.29) | — | (0.29) |
Year Ended 10/31/2018 | $11.91 | 0.31 | (0.44) | (0.13) | (0.31) | (0.01) | (0.32) |
Year Ended 10/31/2017 | $12.09 | 0.32 | (0.18) | 0.14 | (0.32) | (0.00)(e) | (0.32) |
Advisor Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $12.08 | 0.13 | (0.97) | (0.84) | (0.13) | (0.02) | (0.15) |
Year Ended 10/31/2021 | $11.98 | 0.26 | 0.11 | 0.37 | (0.27) | (0.00)(e) | (0.27) |
Year Ended 10/31/2020 | $12.06 | 0.28 | (0.07) | 0.21 | (0.29) | (0.00)(e) | (0.29) |
Year Ended 10/31/2019 | $11.45 | 0.32 | 0.61 | 0.93 | (0.32) | — | (0.32) |
Year Ended 10/31/2018 | $11.90 | 0.34 | (0.44) | (0.10) | (0.34) | (0.01) | (0.35) |
Year Ended 10/31/2017 | $12.08 | 0.35 | (0.18) | 0.17 | (0.35) | (0.00)(e) | (0.35) |
Class C | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $12.10 | 0.09 | (0.97) | (0.88) | (0.09) | (0.02) | (0.11) |
Year Ended 10/31/2021 | $12.00 | 0.18 | 0.10 | 0.28 | (0.18) | (0.00)(e) | (0.18) |
Year Ended 10/31/2020 | $12.07 | 0.20 | (0.07) | 0.13 | (0.20) | (0.00)(e) | (0.20) |
Year Ended 10/31/2019 | $11.46 | 0.24 | 0.61 | 0.85 | (0.24) | — | (0.24) |
Year Ended 10/31/2018 | $11.91 | 0.26 | (0.44) | (0.18) | (0.26) | (0.01) | (0.27) |
Year Ended 10/31/2017 | $12.09 | 0.27 | (0.18) | 0.09 | (0.27) | (0.00)(e) | (0.27) |
Institutional Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $12.09 | 0.13 | (0.96) | (0.83) | (0.13) | (0.02) | (0.15) |
Year Ended 10/31/2021 | $11.99 | 0.26 | 0.11 | 0.37 | (0.27) | (0.00)(e) | (0.27) |
Year Ended 10/31/2020 | $12.07 | 0.28 | (0.07) | 0.21 | (0.29) | (0.00)(e) | (0.29) |
Year Ended 10/31/2019 | $11.46 | 0.32 | 0.61 | 0.93 | (0.32) | — | (0.32) |
Year Ended 10/31/2018 | $11.91 | 0.34 | (0.44) | (0.10) | (0.34) | (0.01) | (0.35) |
Year Ended 10/31/2017 | $12.09 | 0.35 | (0.18) | 0.17 | (0.35) | (0.00)(e) | (0.35) |
Institutional 2 Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $12.11 | 0.13 | (0.96) | (0.83) | (0.14) | (0.02) | (0.16) |
Year Ended 10/31/2021 | $12.01 | 0.27 | 0.11 | 0.38 | (0.28) | (0.00)(e) | (0.28) |
Year Ended 10/31/2020 | $12.09 | 0.29 | (0.08) | 0.21 | (0.29) | (0.00)(e) | (0.29) |
Year Ended 10/31/2019 | $11.48 | 0.33 | 0.61 | 0.94 | (0.33) | — | (0.33) |
Year Ended 10/31/2018 | $11.93 | 0.35 | (0.44) | (0.09) | (0.35) | (0.01) | (0.36) |
Year Ended 10/31/2017 | $12.11 | 0.36 | (0.18) | 0.18 | (0.36) | (0.00)(e) | (0.36) |
20 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
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 ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $11.11 | (7.02%) | 0.90%(c),(d) | 0.74%(c),(d) | 1.95%(c) | 1% | $16,983 |
Year Ended 10/31/2021 | $12.09 | 2.84% | 0.90% | 0.75%(f) | 1.89% | 3% | $20,315 |
Year Ended 10/31/2020 | $11.99 | 1.47% | 0.89% | 0.75%(f) | 2.10% | 7% | $22,051 |
Year Ended 10/31/2019 | $12.07 | 7.96% | 0.90% | 0.75%(f) | 2.46% | 19% | $19,270 |
Year Ended 10/31/2018 | $11.46 | (1.11%) | 0.89% | 0.75%(f) | 2.68% | 15% | $13,368 |
Year Ended 10/31/2017 | $11.91 | 1.24% | 0.91%(g) | 0.74%(f),(g) | 2.70% | 9% | $15,639 |
Advisor Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $11.09 | (6.99%) | 0.64%(c),(d) | 0.49%(c),(d) | 2.19%(c) | 1% | $4,760 |
Year Ended 10/31/2021 | $12.08 | 3.09% | 0.65% | 0.50%(f) | 2.14% | 3% | $6,109 |
Year Ended 10/31/2020 | $11.98 | 1.72% | 0.65% | 0.50%(f) | 2.34% | 7% | $4,155 |
Year Ended 10/31/2019 | $12.06 | 8.23% | 0.65% | 0.50%(f) | 2.71% | 19% | $1,234 |
Year Ended 10/31/2018 | $11.45 | (0.87%) | 0.64% | 0.50%(f) | 2.91% | 15% | $745 |
Year Ended 10/31/2017 | $11.90 | 1.49% | 0.66%(g) | 0.49%(f),(g) | 2.96% | 9% | $1,296 |
Class C | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $11.11 | (7.30%) | 1.55%(c),(d) | 1.19%(c),(d) | 1.49%(c) | 1% | $3,514 |
Year Ended 10/31/2021 | $12.10 | 2.37% | 1.65% | 1.20%(f) | 1.45% | 3% | $4,062 |
Year Ended 10/31/2020 | $12.00 | 1.09% | 1.64% | 1.20%(f),(h) | 1.66% | 7% | $6,319 |
Year Ended 10/31/2019 | $12.07 | 7.47% | 1.65% | 1.20%(f),(h) | 2.05% | 19% | $9,996 |
Year Ended 10/31/2018 | $11.46 | (1.56%) | 1.64% | 1.20%(f),(h) | 2.23% | 15% | $12,491 |
Year Ended 10/31/2017 | $11.91 | 0.78% | 1.66%(g) | 1.19%(f),(g),(h) | 2.25% | 9% | $17,015 |
Institutional Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $11.11 | (6.90%) | 0.64%(c),(d) | 0.49%(c),(d) | 2.20%(c) | 1% | $146,890 |
Year Ended 10/31/2021 | $12.09 | 3.09% | 0.65% | 0.50%(f) | 2.14% | 3% | $173,347 |
Year Ended 10/31/2020 | $11.99 | 1.72% | 0.64% | 0.50%(f) | 2.36% | 7% | $188,611 |
Year Ended 10/31/2019 | $12.07 | 8.23% | 0.65% | 0.50%(f) | 2.72% | 19% | $191,680 |
Year Ended 10/31/2018 | $11.46 | (0.87%) | 0.64% | 0.50%(f) | 2.93% | 15% | $169,671 |
Year Ended 10/31/2017 | $11.91 | 1.49% | 0.66%(g) | 0.49%(f),(g) | 2.95% | 9% | $197,180 |
Institutional 2 Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $11.12 | (6.94%) | 0.58%(c),(d) | 0.43%(c),(d) | 2.27%(c) | 1% | $4,884 |
Year Ended 10/31/2021 | $12.11 | 3.16% | 0.58% | 0.43% | 2.21% | 3% | $4,284 |
Year Ended 10/31/2020 | $12.01 | 1.79% | 0.57% | 0.43% | 2.43% | 7% | $3,489 |
Year Ended 10/31/2019 | $12.09 | 8.29% | 0.58% | 0.43% | 2.77% | 19% | $3,916 |
Year Ended 10/31/2018 | $11.48 | (0.77%) | 0.58% | 0.44% | 3.03% | 15% | $1,472 |
Year Ended 10/31/2017 | $11.93 | 1.56% | 0.58%(g) | 0.42%(g) | 3.02% | 9% | $215 |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 21 |
Net asset value, beginning of period | Net investment income | 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 | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $12.14 | 0.14 | (0.98) | (0.84) | (0.14) | (0.02) | (0.16) |
Year Ended 10/31/2021 | $12.03 | 0.28 | 0.12 | 0.40 | (0.29) | (0.00)(e) | (0.29) |
Year Ended 10/31/2020 | $12.12 | 0.29 | (0.08) | 0.21 | (0.30) | (0.00)(e) | (0.30) |
Year Ended 10/31/2019 | $11.50 | 0.33 | 0.63 | 0.96 | (0.34) | — | (0.34) |
Year Ended 10/31/2018 | $11.95 | 0.36 | (0.45) | (0.09) | (0.35) | (0.01) | (0.36) |
Year Ended 10/31/2017(i) | $11.81 | 0.24 | 0.14(j) | 0.38 | (0.24) | — | (0.24) |
Class V | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $12.09 | 0.12 | (0.96) | (0.84) | (0.12) | (0.02) | (0.14) |
Year Ended 10/31/2021 | $11.99 | 0.24 | 0.11 | 0.35 | (0.25) | (0.00)(e) | (0.25) |
Year Ended 10/31/2020 | $12.07 | 0.26 | (0.07) | 0.19 | (0.27) | (0.00)(e) | (0.27) |
Year Ended 10/31/2019 | $11.46 | 0.31 | 0.61 | 0.92 | (0.31) | — | (0.31) |
Year Ended 10/31/2018 | $11.91 | 0.33 | (0.45) | (0.12) | (0.32) | (0.01) | (0.33) |
Year Ended 10/31/2017 | $12.09 | 0.33 | (0.17) | 0.16 | (0.34) | (0.00)(e) | (0.34) |
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) | Annualized. |
(d) | Ratios include interfund lending expense which is less than 0.01%. |
(e) | Rounds to zero. |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(g) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Year Ended | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Class V |
10/31/2017 | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
(h) | Ratios include the impact of voluntary waivers paid by the Investment Manager. For the periods indicated below, if the Investment Manager had not paid these voluntary waivers, the Fund’s net expense ratio would increase by: |
10/31/2020 | 10/31/2019 | 10/31/2018 | 10/31/2017 | |
Class C | 0.26% | 0.30% | 0.30% | 0.30% |
(i) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
(j) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
22 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
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 ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $11.14 | (6.99%) | 0.54%(c),(d) | 0.38%(c),(d) | 2.31%(c) | 1% | $1,148 |
Year Ended 10/31/2021 | $12.14 | 3.29% | 0.53% | 0.38% | 2.26% | 3% | $1,259 |
Year Ended 10/31/2020 | $12.03 | 1.75% | 0.53% | 0.39% | 2.45% | 7% | $1,065 |
Year Ended 10/31/2019 | $12.12 | 8.41% | 0.54% | 0.39% | 2.80% | 19% | $678 |
Year Ended 10/31/2018 | $11.50 | (0.73%) | 0.54% | 0.38% | 3.05% | 15% | $190 |
Year Ended 10/31/2017(i) | $11.95 | 3.24% | 0.52%(c) | 0.39%(c) | 3.06%(c) | 9% | $335 |
Class V | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $11.11 | (6.97%) | 0.80%(c),(d) | 0.64%(c),(d) | 2.05%(c) | 1% | $4,490 |
Year Ended 10/31/2021 | $12.09 | 2.94% | 0.80% | 0.65%(f) | 1.99% | 3% | $5,083 |
Year Ended 10/31/2020 | $11.99 | 1.57% | 0.79% | 0.65%(f) | 2.21% | 7% | $5,454 |
Year Ended 10/31/2019 | $12.07 | 8.07% | 0.80% | 0.65%(f) | 2.59% | 19% | $5,696 |
Year Ended 10/31/2018 | $11.46 | (1.01%) | 0.79% | 0.65%(f) | 2.78% | 15% | $6,077 |
Year Ended 10/31/2017 | $11.91 | 1.33% | 0.81%(g) | 0.64%(f),(g) | 2.80% | 9% | $6,533 |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 23 |
April 30, 2022 (Unaudited)
24 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 25 |
April 30, 2022 (Unaudited)
Purchases ($) | Sales ($) | Net realized gain (loss) ($) |
1,243,643 | — | — |
26 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Effective rate (%) | |
Class A | 0.12 |
Advisor Class | 0.12 |
Class C | 0.12 |
Institutional Class | 0.12 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Class V | 0.12 |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 27 |
April 30, 2022 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 3.00 | 0.75(a) | 124 |
Class C | — | 1.00(b) | 100 |
Class V | 4.75 | 0.50 - 1.00(c) | 499 |
(a) | This charge is imposed on certain investments of $500,000 or more if redeemed within 12 months after purchase. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(c) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
March 1, 2022 through February 28, 2023 | Prior to March 1, 2022 | |
Class A | 0.75% | 0.75% |
Advisor Class | 0.50 | 0.50 |
Class C | 1.20 | 1.50 |
Institutional Class | 0.50 | 0.50 |
Institutional 2 Class | 0.43 | 0.43 |
Institutional 3 Class | 0.38 | 0.39 |
Class V | 0.65 | 0.65 |
28 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
183,995,000 | 1,258,000 | (4,656,000) | (3,398,000) |
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 200,000 | 0.85 | 4 |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 29 |
April 30, 2022 (Unaudited)
30 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 31 |
April 30, 2022 (Unaudited)
32 | Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
Columbia New York Intermediate Municipal Bond Fund | Semiannual Report 2022 | 33 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
April 30, 2022 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended April 30, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 11/18/02 | -6.88 | -7.05 | 0.96 | 1.36 |
Including sales charges | -9.67 | -9.81 | 0.35 | 1.05 | ||
Advisor Class* | 03/19/13 | -6.87 | -6.92 | 1.20 | 1.61 | |
Class C | Excluding sales charges | 11/18/02 | -7.09 | -7.47 | 0.51 | 0.91 |
Including sales charges | -8.01 | -8.38 | 0.51 | 0.91 | ||
Institutional Class | 08/01/94 | -6.86 | -6.91 | 1.20 | 1.60 | |
Institutional 3 Class* | 03/01/17 | -6.79 | -6.80 | 1.30 | 1.67 | |
Class V | Excluding sales charges | 06/26/00 | -6.94 | -7.06 | 1.04 | 1.45 |
Including sales charges | -11.34 | -11.49 | 0.06 | 0.96 | ||
Bloomberg 3-15 Year Blend Municipal Bond Index | -7.17 | -7.28 | 1.62 | 2.21 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. 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. |
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 3 |
(Unaudited)
Quality breakdown (%) (at April 30, 2022) | |
AAA rating | 14.4 |
AA rating | 45.6 |
A rating | 32.4 |
BBB rating | 5.0 |
BB rating | 2.6 |
Total | 100.0 |
4 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
(Unaudited)
November 1, 2021 — April 30, 2022 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 931.20 | 1,020.94 | 3.85 | 4.03 | 0.80 |
Advisor Class | 1,000.00 | 1,000.00 | 931.30 | 1,022.19 | 2.65 | 2.77 | 0.55 |
Class C | 1,000.00 | 1,000.00 | 929.10 | 1,018.70 | 6.01 | 6.29 | 1.25 |
Institutional Class | 1,000.00 | 1,000.00 | 931.40 | 1,022.19 | 2.65 | 2.77 | 0.55 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 932.10 | 1,022.64 | 2.22 | 2.32 | 0.46 |
Class V | 1,000.00 | 1,000.00 | 930.60 | 1,021.44 | 3.37 | 3.53 | 0.70 |
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 5 |
April 30, 2022 (Unaudited)
Municipal Bonds 96.6% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Higher Education 10.1% | ||||
Connecticut State Health & Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Fairfield University | ||||
Series 2017R | ||||
07/01/2034 | 4.000% | 1,000,000 | 1,015,335 | |
Quinnipiac University | ||||
Series 2016M | ||||
07/01/2029 | 5.000% | 1,000,000 | 1,072,037 | |
Sacred Heart University Issue | ||||
Series 2017 | ||||
07/01/2033 | 5.000% | 300,000 | 323,870 | |
Series 2021S | ||||
06/01/2037 | 5.000% | 370,000 | 412,566 | |
Trinity College | ||||
Series 2020R | ||||
06/01/2032 | 5.000% | 265,000 | 295,181 | |
University of New Haven | ||||
Series 2018 | ||||
07/01/2033 | 5.000% | 500,000 | 526,500 | |
07/01/2034 | 5.000% | 500,000 | 525,636 | |
Revenue Bonds | ||||
Sacred Heart University | ||||
Series 2020K | ||||
07/01/2035 | 5.000% | 475,000 | 523,437 | |
07/01/2036 | 5.000% | 150,000 | 164,893 | |
University of Connecticut | ||||
Revenue Bonds | ||||
Series 2018A | ||||
11/15/2035 | 5.000% | 2,700,000 | 3,005,485 | |
Total | 7,864,940 | |||
Hospital 12.9% | ||||
Connecticut State Health & Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Nuvance Health Issue | ||||
Series 2019A | ||||
07/01/2033 | 5.000% | 400,000 | 431,928 | |
Stamford Hospital Issue | ||||
Series 2022 | ||||
07/01/2028 | 5.000% | 300,000 | 328,285 | |
Revenue Bonds | ||||
Bridgeport Hospital | ||||
Series 2012D | ||||
07/01/2022 | 5.000% | 1,000,000 | 1,006,043 | |
Hartford Healthcare | ||||
Series 2014E | ||||
07/01/2034 | 5.000% | 2,360,000 | 2,458,556 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2020A | ||||
07/01/2036 | 4.000% | 1,045,000 | 1,046,646 | |
Trinity Health Corp. | ||||
Series 2016 | ||||
12/01/2032 | 5.000% | 2,000,000 | 2,148,784 | |
Yale-New Haven Health | ||||
Series 2014A | ||||
07/01/2031 | 5.000% | 2,500,000 | 2,618,318 | |
Total | 10,038,560 | |||
Local General Obligation 22.0% | ||||
City of Bridgeport | ||||
Unlimited General Obligation Bonds | ||||
Series 2014A (AGM) | ||||
07/01/2031 | 5.000% | 1,350,000 | 1,418,762 | |
Series 2019-A (BAM) | ||||
02/01/2036 | 5.000% | 1,000,000 | 1,114,901 | |
Series 2021A | ||||
08/01/2029 | 5.000% | 175,000 | 196,982 | |
City of Middletown | ||||
Unlimited General Obligation Bonds | ||||
Series 2015 | ||||
04/01/2026 | 5.000% | 1,000,000 | 1,095,415 | |
City of Milford | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2017B | ||||
11/01/2030 | 4.000% | 450,000 | 473,856 | |
City of New Haven | ||||
Unlimited General Obligation Bonds | ||||
Series 2015 (AGM) | ||||
09/01/2027 | 5.000% | 1,200,000 | 1,281,986 | |
Unlimited General Obligation Refunding Bonds | ||||
Series 2015B (BAM) | ||||
08/15/2027 | 5.000% | 750,000 | 800,629 | |
Series 2019B AGM | ||||
02/01/2030 | 5.000% | 450,000 | 509,388 | |
City of Norwalk | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2017B | ||||
07/01/2026 | 4.000% | 750,000 | 785,230 | |
City of Waterbury | ||||
Unlimited General Obligation Bonds | ||||
Lot A | ||||
Series 2015 (BAM) | ||||
08/01/2031 | 5.000% | 500,000 | 534,841 | |
08/01/2032 | 5.000% | 500,000 | 534,520 | |
Series 2020A | ||||
02/01/2030 | 5.000% | 500,000 | 573,033 |
6 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Metropolitan District (The) | ||||
Unlimited General Obligation Bonds | ||||
Series 2018 | ||||
07/15/2034 | 5.000% | 500,000 | 558,537 | |
Series 2019A | ||||
07/15/2033 | 5.000% | 2,500,000 | 2,819,758 | |
Town of Guilford | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2016A | ||||
08/15/2029 | 4.000% | 450,000 | 473,557 | |
Town of Hamden | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2018A (BAM) | ||||
08/15/2030 | 5.000% | 1,000,000 | 1,110,678 | |
Town of North Haven | ||||
Unlimited General Obligation Bonds | ||||
Series 2007 | ||||
07/15/2024 | 4.750% | 1,150,000 | 1,207,256 | |
07/15/2025 | 4.750% | 1,150,000 | 1,226,955 | |
Town of Trumbull | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2017B | ||||
09/01/2030 | 4.000% | 350,000 | 368,029 | |
Total | 17,084,313 | |||
Pool / Bond Bank 2.9% | ||||
State of Connecticut Clean Water Fund - State Revolving Fund | ||||
Revenue Bonds | ||||
Green Bonds | ||||
Series 2017A | ||||
05/01/2034 | 5.000% | 1,500,000 | 1,645,057 | |
Series 2019A | ||||
02/01/2035 | 4.000% | 565,000 | 592,843 | |
Total | 2,237,900 | |||
Prep School 4.7% | ||||
Connecticut State Health & Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Choate Rosemary Hall Issue | ||||
Series 2020 | ||||
07/01/2037 | 4.000% | 300,000 | 312,054 | |
07/01/2038 | 4.000% | 310,000 | 321,901 | |
Taft School Issue | ||||
Series 2018K | ||||
07/01/2035 | 4.000% | 1,115,000 | 1,173,463 | |
Revenue Bonds | ||||
Loomis Chaffe School | ||||
Series 2005F (AMBAC) | ||||
07/01/2027 | 5.250% | 1,670,000 | 1,870,451 | |
Total | 3,677,869 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Refunded / Escrowed 6.3% | ||||
City of New Britain | ||||
Prerefunded 09/01/28 Unlimited General Obligation Bonds | ||||
Series 2018B (AGM) | ||||
09/01/2036 | 5.250% | 720,000 | 824,109 | |
Unlimited General Obligation Refunding Bonds | ||||
Series 2016A Escrowed to Maturity (BAM) | ||||
03/01/2025 | 5.000% | 10,000 | 10,682 | |
Connecticut State Health & Educational Facilities Authority | ||||
Revenue Bonds | ||||
Greenwich Academy | ||||
Series 2007E Escrowed to Maturity (AGM) | ||||
03/01/2026 | 5.250% | 1,945,000 | 2,064,403 | |
Greater New Haven Water Pollution Control Authority | ||||
Prerefunded 08/15/24 Revenue Bonds | ||||
Series 2014B | ||||
08/15/2031 | 5.000% | 1,000,000 | 1,058,674 | |
Puerto Rico Highway & Transportation Authority(a) | ||||
Refunding Revenue Bonds | ||||
Series 2005BB Escrowed to Maturity (AGM) | ||||
07/01/2022 | 5.250% | 895,000 | 900,546 | |
Total | 4,858,414 | |||
Retirement Communities 3.6% | ||||
Connecticut State Health & Educational Facilities Authority(b) | ||||
Revenue Bonds | ||||
Church Home of Hartford, Inc. | ||||
Series 2016 | ||||
09/01/2046 | 5.000% | 1,000,000 | 1,009,611 | |
McLean Issue | ||||
Series 2020A | ||||
01/01/2030 | 5.000% | 425,000 | 446,968 | |
McLean Issue - TEMPS-50 | ||||
Series 2020B-2 | ||||
01/01/2026 | 2.750% | 500,000 | 488,214 | |
Connecticut State Health & Educational Facilities Authority | ||||
Revenue Bonds | ||||
Covenant Home, Inc. | ||||
Series 2018 | ||||
12/01/2031 | 5.000% | 750,000 | 823,311 | |
Total | 2,768,104 | |||
Single Family 8.6% | ||||
Connecticut Housing Finance Authority(c) | ||||
Refunding Revenue Bonds | ||||
Home Mortgage | ||||
Series 2019D-2 | ||||
05/15/2033 | 3.000% | 690,000 | 645,574 | |
Series 2020A-2 | ||||
11/15/2030 | 2.150% | 1,000,000 | 898,879 | |
05/15/2031 | 2.200% | 1,000,000 | 901,722 |
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 7 |
April 30, 2022 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2020C | ||||
05/15/2027 | 5.000% | 790,000 | 859,481 | |
11/15/2028 | 5.000% | 575,000 | 625,489 | |
Connecticut Housing Finance Authority | ||||
Refunding Revenue Bonds | ||||
Series 2019B1 | ||||
11/15/2033 | 3.000% | 1,000,000 | 938,595 | |
Social Bonds | ||||
Series 2021D-1 | ||||
05/15/2029 | 5.000% | 700,000 | 784,328 | |
Subordinated Series 2017D-1 | ||||
11/15/2032 | 3.200% | 525,000 | 507,558 | |
Subordinated Series 2018C-1 | ||||
11/15/2038 | 3.625% | 540,000 | 528,758 | |
Total | 6,690,384 | |||
Special Non Property Tax 7.8% | ||||
State of Connecticut | ||||
Refunding Revenue Bonds | ||||
Series 2021C | ||||
01/01/2032 | 5.000% | 1,000,000 | 1,159,823 | |
Revenue Bonds | ||||
Special Tax Obligation Bonds | ||||
Series 2020A | ||||
05/01/2037 | 5.000% | 1,000,000 | 1,118,541 | |
State of Connecticut Special Tax | ||||
Revenue Bonds | ||||
Series 2018B | ||||
10/01/2035 | 5.000% | 1,000,000 | 1,107,648 | |
Transportation Infrastructure | ||||
Series 2014A | ||||
09/01/2025 | 5.000% | 2,500,000 | 2,639,211 | |
Total | 6,025,223 | |||
State Appropriated 4.9% | ||||
Connecticut State Health & Educational Facilities Authority | ||||
Revenue Bonds | ||||
Connecticut State University System | ||||
Series 2019 | ||||
11/01/2032 | 5.000% | 1,000,000 | 1,138,377 | |
University of Connecticut | ||||
Revenue Bonds | ||||
Series 2015A | ||||
02/15/2029 | 5.000% | 1,500,000 | 1,592,924 | |
Series 2020A | ||||
02/15/2037 | 5.000% | 1,000,000 | 1,107,061 | |
Total | 3,838,362 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
State General Obligation 4.3% | ||||
State of Connecticut | ||||
Unlimited General Obligation Bonds | ||||
Series 2018A | ||||
04/15/2031 | 5.000% | 1,000,000 | 1,108,583 | |
Series 2018-E | ||||
09/15/2033 | 5.000% | 1,000,000 | 1,111,192 | |
Series 2019A | ||||
04/15/2036 | 5.000% | 1,000,000 | 1,112,572 | |
Total | 3,332,347 | |||
Water & Sewer 8.5% | ||||
Greater New Haven Water Pollution Control Authority | ||||
Refunding Revenue Bonds | ||||
Series 2016A | ||||
11/15/2029 | 4.000% | 500,000 | 521,891 | |
11/15/2030 | 4.000% | 400,000 | 416,133 | |
11/15/2031 | 4.000% | 100,000 | 103,819 | |
11/15/2032 | 4.000% | 440,000 | 456,424 | |
Mattabassett District | ||||
Revenue Bonds | ||||
Green Bonds | ||||
Series 2021 (BAM) | ||||
08/01/2029 | 5.000% | 500,000 | 564,539 | |
South Central Connecticut Regional Water Authority | ||||
Refunding Revenue Bonds | ||||
20th Series 2007A (NPFGC) | ||||
08/01/2022 | 5.250% | 1,370,000 | 1,382,682 | |
08/01/2023 | 5.250% | 500,000 | 518,577 | |
29th Series 2014 | ||||
08/01/2025 | 5.000% | 500,000 | 516,927 | |
32nd Series 2016B | ||||
08/01/2035 | 4.000% | 1,000,000 | 1,037,327 | |
South Central Connecticut Regional Water Authority(d) | ||||
Refunding Revenue Bonds | ||||
Thirty Sixth Series 2022B-1 | ||||
08/01/2028 | 5.000% | 1,000,000 | 1,123,969 | |
Total | 6,642,288 | |||
Total Municipal Bonds (Cost $76,525,779) | 75,058,704 |
8 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Money Market Funds 4.0% | ||
Shares | Value ($) | |
Dreyfus Tax Exempt Cash Management Fund, Institutional Shares, 0.318%(e) | 229,771 | 229,748 |
JPMorgan Institutional Tax Free Money Market Fund, Institutional Shares, 0.283%(e) | 2,886,240 | 2,886,240 |
Total Money Market Funds (Cost $3,116,011) | 3,115,988 | |
Total Investments in Securities (Cost: $79,641,790) | 78,174,692 | |
Other Assets & Liabilities, Net | (443,955) | |
Net Assets | 77,730,737 |
(a) | 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 April 30, 2022, the total value of these securities amounted to $900,546, which represents 1.16% of total net assets. |
(b) | 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 April 30, 2022, the total value of these securities amounted to $1,944,793, which represents 2.50% of total net assets. |
(c) | Income from this security may be subject to alternative minimum tax. |
(d) | Represents a security purchased on a when-issued basis. |
(e) | The rate shown is the seven-day current annualized yield at April 30, 2022. |
AGM | Assured Guaranty Municipal Corporation |
AMBAC | Ambac Assurance Corporation |
BAM | Build America Mutual Assurance Co. |
NPFGC | National Public Finance Guarantee Corporation |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 9 |
April 30, 2022 (Unaudited)
Under the direction of the Fund’s Board of Trustees (the Board), the Investment Manager’s Valuation Committee (the Committee) is responsible for overseeing the valuation procedures approved by the Board. The Committee consists of voting and non-voting members from various groups within the Investment Manager’s organization, including operations and accounting, trading and investments, compliance, risk management and legal.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Municipal Bonds | — | 75,058,704 | — | 75,058,704 |
Money Market Funds | 3,115,988 | — | — | 3,115,988 |
Total Investments in Securities | 3,115,988 | 75,058,704 | — | 78,174,692 |
10 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $79,641,790) | $78,174,692 |
Receivable for: | |
Capital shares sold | 96,241 |
Interest | 988,656 |
Expense reimbursement due from Investment Manager | 299 |
Prepaid expenses | 1,326 |
Trustees’ deferred compensation plan | 87,423 |
Other assets | 48 |
Total assets | 79,348,685 |
Liabilities | |
Due to custodian | 1,665 |
Payable for: | |
Investments purchased on a delayed delivery basis | 1,217,180 |
Capital shares purchased | 131,160 |
Distributions to shareholders | 145,101 |
Management services fees | 1,006 |
Distribution and/or service fees | 103 |
Transfer agent fees | 9,231 |
Compensation of board members | 9,648 |
Other expenses | 15,431 |
Trustees’ deferred compensation plan | 87,423 |
Total liabilities | 1,617,948 |
Net assets applicable to outstanding capital stock | $77,730,737 |
Represented by | |
Paid in capital | 79,394,911 |
Total distributable earnings (loss) | (1,664,174) |
Total - representing net assets applicable to outstanding capital stock | $77,730,737 |
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 11 |
April 30, 2022 (Unaudited)
Class A | |
Net assets | $7,285,114 |
Shares outstanding | 740,633 |
Net asset value per share | $9.84 |
Maximum sales charge | 3.00% |
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) | $10.14 |
Advisor Class | |
Net assets | $1,406,927 |
Shares outstanding | 143,212 |
Net asset value per share | $9.82 |
Class C | |
Net assets | $1,166,324 |
Shares outstanding | 118,573 |
Net asset value per share | $9.84 |
Institutional Class | |
Net assets | $60,176,558 |
Shares outstanding | 6,120,417 |
Net asset value per share | $9.83 |
Institutional 3 Class | |
Net assets | $9,342 |
Shares outstanding | 948 |
Net asset value per share(a) | $9.86 |
Class V | |
Net assets | $7,686,472 |
Shares outstanding | 782,588 |
Net asset value per share | $9.82 |
Maximum sales charge | 4.75% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class V shares) | $10.31 |
(a) | Net asset value per share rounds to this amount due to fractional shares outstanding. |
12 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
Six Months Ended April 30, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $921 |
Interest | 1,155,850 |
Total income | 1,156,771 |
Expenses: | |
Management services fees | 205,429 |
Distribution and/or service fees | |
Class A | 8,972 |
Class C | 7,066 |
Class V | 6,162 |
Transfer agent fees | |
Class A | 4,083 |
Advisor Class | 813 |
Class C | 887 |
Institutional Class | 39,395 |
Institutional 3 Class | 1 |
Class V | 4,681 |
Compensation of board members | 8,538 |
Custodian fees | 568 |
Printing and postage fees | 4,529 |
Registration fees | 7,805 |
Audit fees | 14,629 |
Legal fees | 5,269 |
Compensation of chief compliance officer | 9 |
Other | 4,985 |
Total expenses | 323,821 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (59,445) |
Fees waived by distributor | |
Class C | (1,625) |
Total net expenses | 262,751 |
Net investment income | 894,020 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (123,627) |
Net realized loss | (123,627) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (6,715,009) |
Net change in unrealized appreciation (depreciation) | (6,715,009) |
Net realized and unrealized loss | (6,838,636) |
Net decrease in net assets resulting from operations | $(5,944,616) |
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 13 |
Six Months Ended April 30, 2022 (Unaudited) | Year Ended October 31, 2021 | |
Operations | ||
Net investment income | $894,020 | $2,066,819 |
Net realized gain (loss) | (123,627) | 41,894 |
Net change in unrealized appreciation (depreciation) | (6,715,009) | (485,902) |
Net increase (decrease) in net assets resulting from operations | (5,944,616) | 1,622,811 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (69,405) | (161,918) |
Advisor Class | (15,586) | (27,595) |
Class C | (11,452) | (26,785) |
Institutional Class | (750,895) | (1,753,952) |
Institutional 3 Class | (112) | (3,699) |
Class V | (83,337) | (190,930) |
Total distributions to shareholders | (930,787) | (2,164,879) |
Decrease in net assets from capital stock activity | (9,408,880) | (2,758,010) |
Total decrease in net assets | (16,284,283) | (3,300,078) |
Net assets at beginning of period | 94,015,020 | 97,315,098 |
Net assets at end of period | $77,730,737 | $94,015,020 |
14 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
Six Months Ended | Year Ended | |||
April 30, 2022 (Unaudited) | October 31, 2021 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 105,850 | 1,080,395 | 73,223 | 792,051 |
Distributions reinvested | 4,947 | 51,138 | 10,295 | 111,102 |
Redemptions | (84,672) | (894,238) | (101,450) | (1,094,544) |
Net increase (decrease) | 26,125 | 237,295 | (17,932) | (191,391) |
Advisor Class | ||||
Subscriptions | 12,046 | 122,903 | 45,117 | 487,069 |
Distributions reinvested | 1,499 | 15,482 | 2,541 | 27,367 |
Redemptions | (7,589) | (78,739) | (3,673) | (39,693) |
Net increase | 5,956 | 59,646 | 43,985 | 474,743 |
Class C | ||||
Subscriptions | 8,001 | 84,685 | 49,497 | 533,718 |
Distributions reinvested | 1,032 | 10,703 | 2,273 | 24,531 |
Redemptions | (47,278) | (480,762) | (48,406) | (522,369) |
Net increase (decrease) | (38,245) | (385,374) | 3,364 | 35,880 |
Institutional Class | ||||
Subscriptions | 195,141 | 2,008,853 | 554,611 | 5,992,959 |
Distributions reinvested | 11,033 | 114,168 | 21,149 | 228,078 |
Redemptions | (1,079,711) | (11,171,443) | (818,726) | (8,834,335) |
Net decrease | (873,537) | (9,048,422) | (242,966) | (2,613,298) |
Institutional 3 Class | ||||
Distributions reinvested | — | — | 311 | 3,362 |
Redemptions | — | — | (14,330) | (153,732) |
Net decrease | — | — | (14,019) | (150,370) |
Class V | ||||
Subscriptions | 776 | 8,020 | 1,790 | 19,287 |
Distributions reinvested | 4,638 | 47,967 | 10,191 | 109,819 |
Redemptions | (31,035) | (328,012) | (41,297) | (442,680) |
Net decrease | (25,621) | (272,025) | (29,316) | (313,574) |
Total net decrease | (905,322) | (9,408,880) | (256,884) | (2,758,010) |
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 15 |
Net asset value, beginning of period | Net investment income | 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 | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.67 | 0.10 | (0.83) | (0.73) | (0.10) | (0.00)(c) | (0.10) |
Year Ended 10/31/2021 | $10.74 | 0.21 | (0.06) | 0.15 | (0.21) | (0.01) | (0.22) |
Year Ended 10/31/2020 | $10.68 | 0.24 | 0.06 | 0.30 | (0.24) | — | (0.24) |
Year Ended 10/31/2019 | $10.16 | 0.27 | 0.53 | 0.80 | (0.28) | — | (0.28) |
Year Ended 10/31/2018 | $10.56 | 0.27 | (0.37) | (0.10) | (0.28) | (0.02) | (0.30) |
Year Ended 10/31/2017 | $10.86 | 0.29 | (0.26) | 0.03 | (0.29) | (0.04) | (0.33) |
Advisor Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.66 | 0.11 | (0.84) | (0.73) | (0.11) | (0.00)(c) | (0.11) |
Year Ended 10/31/2021 | $10.72 | 0.23 | (0.04) | 0.19 | (0.24) | (0.01) | (0.25) |
Year Ended 10/31/2020 | $10.67 | 0.27 | 0.05 | 0.32 | (0.27) | — | (0.27) |
Year Ended 10/31/2019 | $10.15 | 0.30 | 0.53 | 0.83 | (0.31) | — | (0.31) |
Year Ended 10/31/2018 | $10.54 | 0.30 | (0.37) | (0.07) | (0.30) | (0.02) | (0.32) |
Year Ended 10/31/2017 | $10.84 | 0.31 | (0.26) | 0.05 | (0.31) | (0.04) | (0.35) |
Class C | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.67 | 0.07 | (0.82) | (0.75) | (0.08) | (0.00)(c) | (0.08) |
Year Ended 10/31/2021 | $10.74 | 0.16 | (0.06) | 0.10 | (0.16) | (0.01) | (0.17) |
Year Ended 10/31/2020 | $10.68 | 0.19 | 0.06 | 0.25 | (0.19) | — | (0.19) |
Year Ended 10/31/2019 | $10.16 | 0.23 | 0.52 | 0.75 | (0.23) | — | (0.23) |
Year Ended 10/31/2018 | $10.55 | 0.23 | (0.37) | (0.14) | (0.23) | (0.02) | (0.25) |
Year Ended 10/31/2017 | $10.86 | 0.24 | (0.27) | (0.03) | (0.24) | (0.04) | (0.28) |
Institutional Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.67 | 0.11 | (0.84) | (0.73) | (0.11) | (0.00)(c) | (0.11) |
Year Ended 10/31/2021 | $10.73 | 0.24 | (0.05) | 0.19 | (0.24) | (0.01) | (0.25) |
Year Ended 10/31/2020 | $10.68 | 0.27 | 0.05 | 0.32 | (0.27) | — | (0.27) |
Year Ended 10/31/2019 | $10.16 | 0.30 | 0.53 | 0.83 | (0.31) | — | (0.31) |
Year Ended 10/31/2018 | $10.55 | 0.30 | (0.37) | (0.07) | (0.30) | (0.02) | (0.32) |
Year Ended 10/31/2017 | $10.86 | 0.31 | (0.27) | 0.04 | (0.31) | (0.04) | (0.35) |
Institutional 3 Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.70 | 0.11 | (0.83) | (0.72) | (0.12) | (0.00)(c) | (0.12) |
Year Ended 10/31/2021 | $10.76 | 0.25 | (0.05) | 0.20 | (0.25) | (0.01) | (0.26) |
Year Ended 10/31/2020 | $10.70 | 0.28 | 0.06 | 0.34 | (0.28) | — | (0.28) |
Year Ended 10/31/2019 | $10.18 | 0.31 | 0.53 | 0.84 | (0.32) | — | (0.32) |
Year Ended 10/31/2018 | $10.58 | 0.31 | (0.37) | (0.06) | (0.32) | (0.02) | (0.34) |
Year Ended 10/31/2017(h) | $10.55 | 0.21 | 0.03(i) | 0.24 | (0.21) | — | (0.21) |
16 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
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 ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.84 | (6.88%) | 0.94%(d) | 0.80%(d) | 1.85%(d) | 1% | $7,285 |
Year Ended 10/31/2021 | $10.67 | 1.39% | 0.94% | 0.81%(e) | 1.94% | 9% | $7,627 |
Year Ended 10/31/2020 | $10.74 | 2.87% | 0.93% | 0.80%(e) | 2.27% | 17% | $7,864 |
Year Ended 10/31/2019 | $10.68 | 7.95% | 0.93% | 0.80%(e) | 2.59% | 12% | $7,910 |
Year Ended 10/31/2018 | $10.16 | (0.97%) | 0.92% | 0.81%(e) | 2.63% | 13% | $6,967 |
Year Ended 10/31/2017 | $10.56 | 0.28% | 0.93%(f) | 0.77%(e),(f) | 2.71% | 6% | $6,424 |
Advisor Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.82 | (6.87%) | 0.69%(d) | 0.55%(d) | 2.10%(d) | 1% | $1,407 |
Year Ended 10/31/2021 | $10.66 | 1.74% | 0.69% | 0.56%(e) | 2.19% | 9% | $1,463 |
Year Ended 10/31/2020 | $10.72 | 3.03% | 0.68% | 0.55%(e) | 2.52% | 17% | $1,000 |
Year Ended 10/31/2019 | $10.67 | 8.23% | 0.68% | 0.55%(e) | 2.84% | 12% | $801 |
Year Ended 10/31/2018 | $10.15 | (0.63%) | 0.67% | 0.56%(e) | 2.89% | 13% | $357 |
Year Ended 10/31/2017 | $10.54 | 0.54% | 0.66%(f) | 0.51%(e),(f) | 2.96% | 6% | $511 |
Class C | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.84 | (7.09%) | 1.60%(d) | 1.25%(d) | 1.39%(d) | 1% | $1,166 |
Year Ended 10/31/2021 | $10.67 | 0.94% | 1.69% | 1.26%(e) | 1.49% | 9% | $1,674 |
Year Ended 10/31/2020 | $10.74 | 2.41% | 1.68% | 1.25%(e),(g) | 1.82% | 17% | $1,647 |
Year Ended 10/31/2019 | $10.68 | 7.47% | 1.68% | 1.25%(e),(g) | 2.15% | 12% | $2,038 |
Year Ended 10/31/2018 | $10.16 | (1.32%) | 1.67% | 1.26%(e),(g) | 2.17% | 13% | $2,312 |
Year Ended 10/31/2017 | $10.55 | (0.27%) | 1.68%(f) | 1.23%(e),(f),(g) | 2.26% | 6% | $3,914 |
Institutional Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.83 | (6.86%) | 0.69%(d) | 0.55%(d) | 2.09%(d) | 1% | $60,177 |
Year Ended 10/31/2021 | $10.67 | 1.74% | 0.69% | 0.56%(e) | 2.19% | 9% | $74,626 |
Year Ended 10/31/2020 | $10.73 | 3.03% | 0.68% | 0.55%(e) | 2.52% | 17% | $77,664 |
Year Ended 10/31/2019 | $10.68 | 8.22% | 0.68% | 0.55%(e) | 2.83% | 12% | $81,364 |
Year Ended 10/31/2018 | $10.16 | (0.63%) | 0.67% | 0.56%(e) | 2.87% | 13% | $80,804 |
Year Ended 10/31/2017 | $10.55 | 0.44% | 0.68%(f) | 0.53%(e),(f) | 2.95% | 6% | $100,370 |
Institutional 3 Class | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.86 | (6.79%) | 0.61%(d) | 0.46%(d) | 2.19%(d) | 1% | $9 |
Year Ended 10/31/2021 | $10.70 | 1.84% | 0.59% | 0.46% | 2.30% | 9% | $10 |
Year Ended 10/31/2020 | $10.76 | 3.23% | 0.58% | 0.45% | 2.62% | 17% | $161 |
Year Ended 10/31/2019 | $10.70 | 8.32% | 0.57% | 0.45% | 2.94% | 12% | $10 |
Year Ended 10/31/2018 | $10.18 | (0.61%) | 0.57% | 0.45% | 2.99% | 13% | $10 |
Year Ended 10/31/2017(h) | $10.58 | 2.31% | 0.56%(d) | 0.45%(d) | 3.02%(d) | 6% | $10 |
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 17 |
Net asset value, beginning of period | Net investment income | 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 V | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $10.66 | 0.10 | (0.83) | (0.73) | (0.11) | (0.00)(c) | (0.11) |
Year Ended 10/31/2021 | $10.72 | 0.22 | (0.05) | 0.17 | (0.22) | (0.01) | (0.23) |
Year Ended 10/31/2020 | $10.67 | 0.25 | 0.05 | 0.30 | (0.25) | — | (0.25) |
Year Ended 10/31/2019 | $10.15 | 0.28 | 0.53 | 0.81 | (0.29) | — | (0.29) |
Year Ended 10/31/2018 | $10.54 | 0.28 | (0.36) | (0.08) | (0.29) | (0.02) | (0.31) |
Year Ended 10/31/2017 | $10.85 | 0.30 | (0.27) | 0.03 | (0.30) | (0.04) | (0.34) |
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) | Rounds to zero. |
(d) | Annualized. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Year Ended | Class A | Advisor Class | Class C | Institutional Class | Class V |
10/31/2017 | 0.04% | 0.05% | 0.03% | 0.03% | 0.03% |
(g) | Ratios include the impact of voluntary waivers paid by the Investment Manager. For the periods indicated below, if the Investment Manager had not paid these voluntary waivers, the Fund’s net expense ratio would increase by: |
10/31/2020 | 10/31/2019 | 10/31/2018 | 10/31/2017 | |
Class C | 0.25% | 0.30% | 0.30% | 0.30% |
(h) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
(i) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
18 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
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 ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class V | |||||||
Six Months Ended 4/30/2022 (Unaudited) | $9.82 | (6.94%) | 0.84%(d) | 0.70%(d) | 1.95%(d) | 1% | $7,686 |
Year Ended 10/31/2021 | $10.66 | 1.59% | 0.84% | 0.71%(e) | 2.04% | 9% | $8,615 |
Year Ended 10/31/2020 | $10.72 | 2.88% | 0.83% | 0.70%(e) | 2.37% | 17% | $8,979 |
Year Ended 10/31/2019 | $10.67 | 8.06% | 0.83% | 0.70%(e) | 2.69% | 12% | $9,167 |
Year Ended 10/31/2018 | $10.15 | (0.78%) | 0.82% | 0.71%(e) | 2.73% | 13% | $9,477 |
Year Ended 10/31/2017 | $10.54 | 0.28% | 0.83%(f) | 0.68%(e),(f) | 2.80% | 6% | $10,456 |
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 19 |
April 30, 2022 (Unaudited)
20 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 21 |
April 30, 2022 (Unaudited)
22 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Effective rate (%) | |
Class A | 0.11 |
Advisor Class | 0.11 |
Class C | 0.11 |
Institutional Class | 0.11 |
Institutional 3 Class | 0.02 |
Class V | 0.11 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 3.00 | 0.75(a) | — |
Class C | — | 1.00(b) | — |
Class V | 4.75 | 0.50 - 1.00(c) | — |
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 23 |
April 30, 2022 (Unaudited)
(a) | This charge is imposed on certain investments of $500,000 or more if redeemed within 12 months after purchase. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(c) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
March 1, 2022 through February 28, 2023 | Prior to March 1, 2022 | |
Class A | 0.81% | 0.81% |
Advisor Class | 0.56 | 0.56 |
Class C | 1.26 | 1.56 |
Institutional Class | 0.56 | 0.56 |
Institutional 3 Class | 0.46 | 0.46 |
Class V | 0.71 | 0.71 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
79,642,000 | 781,000 | (2,248,000) | (1,467,000) |
24 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 25 |
April 30, 2022 (Unaudited)
26 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
April 30, 2022 (Unaudited)
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 27 |
April 30, 2022 (Unaudited)
28 | Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
Columbia Connecticut Intermediate Municipal Bond Fund | Semiannual Report 2022 | 29 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
Item 2. Code of Ethics.
Not applicable for semiannual reports.
Item 3. Audit Committee Financial Expert.
Not applicable for semiannual reports.
Item 4. Principal Accountant Fees and Services.
Not applicable for semiannual reports.
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 1 of this Form N-CSR.
(b)Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. 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.
Item 11. 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 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 13. Exhibits.
(a)(1) Code of ethics required to be disclosed under Item 2 of Form N-CSR: Not applicable for semiannual reports.
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 |
| June 23, 2022 |
|
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 |
| June 23, 2022 |
|
By (Signature and Title) | /s/ Michael G. Clarke | ||
|
| Michael G. Clarke, Chief Financial Officer, Principal Financial Officer | |
|
| and Senior Vice President | |
Date |
| June 23, 2022 |
|
By (Signature and Title) | /s/ Joseph Beranek | ||
|
| Joseph Beranek, Treasurer, Chief Accounting Officer and Principal | |
|
| Financial Officer | |
Date |
| June 23, 2022 |
|