UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-04367
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: April 30
Date of reporting period: October 31, 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.
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/imgcec3d3061.jpg)
October 31, 2022 (Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/imgd2c500492.jpg)
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 03/31/08 | -9.37 | -18.59 | -0.99 | 0.33 |
Including sales charges | -13.68 | -22.47 | -1.95 | -0.16 | ||
Advisor Class* | 11/08/12 | -9.24 | -18.39 | -0.74 | 0.58 | |
Class C | Excluding sales charges | 03/31/08 | -9.69 | -19.20 | -1.71 | -0.39 |
Including sales charges | -10.59 | -20.00 | -1.71 | -0.39 | ||
Institutional Class | 01/09/86 | -9.26 | -18.39 | -0.75 | 0.58 | |
Institutional 2 Class* | 11/08/12 | -9.22 | -18.33 | -0.64 | 0.68 | |
Institutional 3 Class | 07/15/09 | -9.18 | -18.28 | -0.58 | 0.74 | |
Class R | 11/16/11 | -9.48 | -18.83 | -1.24 | 0.08 | |
Class V | Excluding sales charges | 03/07/11 | -9.34 | -18.52 | -0.88 | 0.42 |
Including sales charges | -13.64 | -22.39 | -1.85 | -0.06 | ||
Bloomberg U.S. Aggregate Bond Index | -6.86 | -15.68 | -0.54 | 0.74 |
* | 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 Bond Fund | Semiannual Report 2022 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2022) | |
Asset-Backed Securities — Non-Agency | 14.2 |
Commercial Mortgage-Backed Securities - Agency | 0.5 |
Commercial Mortgage-Backed Securities - Non-Agency | 15.4 |
Common Stocks | 0.0(a) |
Corporate Bonds & Notes | 11.7 |
Money Market Funds | 5.4 |
Municipal Bonds | 1.0 |
Options Purchased Calls | 0.0(a) |
Residential Mortgage-Backed Securities - Agency | 26.7 |
Residential Mortgage-Backed Securities - Non-Agency | 25.1 |
Total | 100.0 |
(a) | Rounds to zero. |
Quality breakdown (%) (at October 31, 2022) | |
AAA rating | 42.0 |
AA rating | 14.6 |
A rating | 19.2 |
BBB rating | 17.5 |
BB rating | 0.0(a) |
Not rated | 6.7 |
Total | 100.0 |
(a) | Rounds to zero. |
4 | Columbia Bond Fund | Semiannual Report 2022 |
(Unaudited)
May 1, 2022 — October 31, 2022 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 906.30 | 1,021.44 | 3.72 | 3.94 | 0.77 |
Advisor Class | 1,000.00 | 1,000.00 | 907.60 | 1,022.71 | 2.51 | 2.67 | 0.52 |
Class C | 1,000.00 | 1,000.00 | 903.10 | 1,017.64 | 7.33 | 7.77 | 1.52 |
Institutional Class | 1,000.00 | 1,000.00 | 907.40 | 1,022.71 | 2.51 | 2.67 | 0.52 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 907.80 | 1,023.06 | 2.18 | 2.31 | 0.45 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 908.20 | 1,023.32 | 1.93 | 2.05 | 0.40 |
Class R | 1,000.00 | 1,000.00 | 905.20 | 1,020.17 | 4.92 | 5.22 | 1.02 |
Class V | 1,000.00 | 1,000.00 | 906.60 | 1,021.95 | 3.24 | 3.43 | 0.67 |
Columbia Bond Fund | Semiannual Report 2022 | 5 |
October 31, 2022 (Unaudited)
Asset-Backed Securities — Non-Agency 17.4% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
ACM Auto Trust(a) | ||||
Subordinated Series 2022-1A Class C | ||||
04/20/2029 | 5.480% | 3,750,000 | 3,721,793 | |
American Credit Acceptance Receivables Trust(a) | ||||
Subordinated Series 2021-3 Class B | ||||
02/13/2026 | 0.660% | 1,835,983 | 1,825,276 | |
Subordinated Series 2022-2 Class C | ||||
06/13/2028 | 4.410% | 5,000,000 | 4,809,301 | |
Ares LVIII CLO Ltd.(a),(b) | ||||
Series 2020-58A Class DR | ||||
3-month Term SOFR + 3.200% Floor 3.200% 01/15/2035 | 7.064% | 3,000,000 | 2,565,918 | |
Avant Loans Funding Trust(a) | ||||
Subordinated Series 2021-REV1 Class B | ||||
07/15/2030 | 1.640% | 3,950,000 | 3,623,055 | |
Bain Capital Credit CLO Ltd.(a),(b) | ||||
Series 2018-1A Class B | ||||
3-month USD LIBOR + 1.400% 04/23/2031 | 5.725% | 2,000,000 | 1,864,654 | |
Series 2020-5A Class A1 | ||||
3-month USD LIBOR + 1.220% Floor 1.220% 01/20/2032 | 5.463% | 10,000,000 | 9,736,330 | |
Series 2020-5A Class C | ||||
3-month USD LIBOR + 2.350% Floor 2.350% 01/20/2032 | 6.593% | 4,480,000 | 4,094,254 | |
Carlyle Group LP(a),(b) | ||||
Series 2017-5A Class A2 | ||||
3-month USD LIBOR + 1.400% 01/20/2030 | 5.643% | 2,000,000 | 1,870,816 | |
Carlyle US CLO Ltd.(a),(b) | ||||
Series 2020-2A Class CR | ||||
3-month USD LIBOR + 3.200% Floor 3.200% 01/25/2035 | 7.558% | 1,850,000 | 1,560,619 | |
Cent CLO Ltd.(a),(b) | ||||
Series 2018-C17A Class A2R | ||||
3-month USD LIBOR + 1.600% Floor 1.600% 04/30/2031 | 6.015% | 1,800,000 | 1,691,381 | |
Dryden 83 CLO Ltd.(a),(b) | ||||
Series 2020-83A Class C | ||||
3-month USD LIBOR + 2.150% Floor 2.150% 01/18/2032 | 6.344% | 5,000,000 | 4,632,385 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Dryden 86 CLO Ltd.(a),(b) | ||||
Series 2020-86A Class BR | ||||
3-month USD LIBOR + 1.700% Floor 1.700% 07/17/2034 | 5.779% | 1,250,000 | 1,165,250 | |
Dryden CLO Ltd.(a),(b) | ||||
Series 2018-57A Class B | ||||
3-month USD LIBOR + 1.350% Floor 1.350% 05/15/2031 | 4.255% | 1,250,000 | 1,170,203 | |
GLS Auto Receivables Issuer Trust(a) | ||||
Subordinated Series 2020-3A Class C | ||||
05/15/2025 | 1.920% | 2,210,286 | 2,188,031 | |
LendingPoint Asset Securitization Trust(a) | ||||
Series 2021-A Class A | ||||
12/15/2028 | 1.000% | 789,141 | 786,658 | |
Series 2021-B Class A | ||||
02/15/2029 | 1.110% | 1,154,755 | 1,142,072 | |
LendingPoint Pass-Through Trust(a) | ||||
Series 2022-ST1 Class A | ||||
03/15/2028 | 2.500% | 2,622,814 | 2,507,814 | |
LL ABS Trust(a) | ||||
Series 2021-1A Class A | ||||
05/15/2029 | 1.070% | 938,923 | 911,904 | |
Lucali CLO Ltd.(a),(b) | ||||
Series 2020-1A Class C | ||||
3-month USD LIBOR + 2.200% Floor 2.200% 01/15/2033 | 4.712% | 6,500,000 | 5,894,356 | |
Series 2020-1A Class D | ||||
3-month USD LIBOR + 3.600% Floor 3.600% 01/15/2033 | 6.112% | 1,500,000 | 1,329,435 | |
Madison Park Funding XXIV Ltd.(a),(b) | ||||
Series 2016-24A Class BR | ||||
3-month USD LIBOR + 1.750% 10/20/2029 | 5.975% | 5,000,000 | 4,825,000 | |
Madison Park Funding XXVII Ltd.(a),(b) | ||||
Series 2018-27A Class A2 | ||||
3-month USD LIBOR + 1.350% 04/20/2030 | 5.593% | 3,700,000 | 3,476,642 | |
Marlette Funding Trust(a) | ||||
Series 2021-1A Class B | ||||
06/16/2031 | 1.000% | 1,263,594 | 1,242,827 | |
Octagon Investment Partners 35 Ltd.(a),(b) | ||||
Series 2018-1A Class A2 | ||||
3-month USD LIBOR + 1.400% Floor 1.400% 01/20/2031 | 5.643% | 1,820,000 | 1,714,819 |
6 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Octagon Investment Partners XXII Ltd.(a),(b) | ||||
Series 2014-1A Class BRR | ||||
3-month USD LIBOR + 1.450% Floor 1.450% 01/22/2030 | 5.775% | 4,000,000 | 3,791,180 | |
Oportun Issuance Trust(a) | ||||
Series 2021-B Class A | ||||
05/08/2031 | 1.470% | 6,800,000 | 5,947,269 | |
OZLM XXI(a),(b) | ||||
Series 2017-21A Class A1 | ||||
3-month USD LIBOR + 1.150% 01/20/2031 | 5.393% | 7,500,000 | 7,304,902 | |
Pagaya AI Debt Selection Trust(a) | ||||
Series 2020-3 Class B | ||||
05/17/2027 | 3.220% | 1,665,606 | 1,658,583 | |
Series 2021-1 Class A | ||||
11/15/2027 | 1.180% | 3,730,684 | 3,656,400 | |
Series 2021-3 Class A | ||||
05/15/2029 | 1.150% | 3,626,936 | 3,523,472 | |
Series 2021-5 Class A | ||||
08/15/2029 | 1.530% | 2,968,310 | 2,863,422 | |
Pagaya AI Debt Trust(a) | ||||
Subordinated Series 2022-1 Class B | ||||
10/15/2029 | 3.344% | 2,199,709 | 1,970,933 | |
Subordinated Series 2022-2 Class B | ||||
01/15/2030 | 6.630% | 3,229,000 | 3,098,942 | |
Research-Driven Pagaya Motor Asset Trust IV(a) | ||||
Series 2021-2A Class A | ||||
03/25/2030 | 2.650% | 2,087,929 | 1,826,870 | |
RR 1 LLC(a),(b) | ||||
Series 2017-1A Class A2B | ||||
3-month USD LIBOR + 1.600% Floor 1.600% 07/15/2035 | 5.679% | 10,000,000 | 9,371,000 | |
RR 3 Ltd.(a),(b) | ||||
Series 2014-14A Class A1R2 | ||||
3-month USD LIBOR + 1.090% Floor 1.090% 01/15/2030 | 5.169% | 4,500,000 | 4,397,990 | |
Theorem Funding Trust(a) | ||||
Series 2021-1A Class A | ||||
12/15/2027 | 1.210% | 1,890,011 | 1,857,081 | |
Series 2022-1A Class A | ||||
02/15/2028 | 1.850% | 1,135,934 | 1,106,839 | |
Upstart Pass-Through Trust(a) | ||||
Series 2021-ST1 Class A | ||||
02/20/2027 | 2.750% | 898,584 | 852,535 | |
Series 2021-ST10 Class A | ||||
01/20/2030 | 2.250% | 4,053,219 | 3,828,774 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2021-ST6 Class A | ||||
08/20/2027 | 1.850% | 3,103,459 | 2,881,247 | |
Series 2021-ST9 Class A | ||||
11/20/2029 | 1.700% | 1,882,604 | 1,707,886 | |
Upstart Securitization Trust(a) | ||||
Series 2021-1 Class B | ||||
03/20/2031 | 1.890% | 4,250,000 | 4,093,635 | |
Series 2021-3 Class A | ||||
07/20/2031 | 0.830% | 3,599,133 | 3,472,602 | |
Series 2021-4 Class A | ||||
09/20/2031 | 0.840% | 2,669,995 | 2,563,834 | |
Subordinated Series 2020-3 Class B | ||||
11/20/2030 | 3.014% | 4,000,000 | 3,958,012 | |
Subordinated Series 2021-5 Class B | ||||
11/20/2031 | 2.490% | 5,000,000 | 4,450,697 | |
Total Asset-Backed Securities — Non-Agency (Cost $159,358,978) | 150,534,898 | |||
Commercial Mortgage-Backed Securities - Agency 0.6% | ||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates(c) | ||||
Series 2017-K070 Class A2 | ||||
11/25/2027 | 3.303% | 1,000,000 | 933,997 | |
Federal National Mortgage Association(c) | ||||
Series 2017-M15 Class ATS2 | ||||
11/25/2027 | 3.158% | 4,260,321 | 3,959,321 | |
Government National Mortgage Association(c),(d) | ||||
Series 2019-147 Class IO | ||||
06/16/2061 | 0.396% | 5,845,029 | 234,483 | |
Total Commercial Mortgage-Backed Securities - Agency (Cost $5,866,807) | 5,127,801 | |||
Commercial Mortgage-Backed Securities - Non-Agency 18.8% | ||||
American Homes 4 Rent Trust(a) | ||||
Series 2014-SFR2 Class A | ||||
10/17/2036 | 3.786% | 2,344,613 | 2,251,916 | |
Series 2014-SFR3 Class A | ||||
12/17/2036 | 3.678% | 2,909,313 | 2,775,902 | |
BAMLL Commercial Mortgage Securities Trust(a),(c) | ||||
Series 2013-WBRK Class A | ||||
03/10/2037 | 3.534% | 1,350,000 | 1,226,366 | |
BAMLL Commercial Mortgage Securities Trust(a),(b) | ||||
Series 2018-DSNY Class A | ||||
1-month USD LIBOR + 0.850% Floor 0.850% 09/15/2034 | 4.263% | 4,500,000 | 4,381,676 | |
Series 2019-RLJ Class D | ||||
1-month USD LIBOR + 1.950% Floor 1.950% 04/15/2036 | 5.362% | 1,300,000 | 1,275,020 |
Columbia Bond Fund | Semiannual Report 2022 | 7 |
October 31, 2022 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Subordinated Series 2018-DSNY Class B | ||||
1-month USD LIBOR + 1.150% Floor 1.150% 09/15/2034 | 4.563% | 9,325,000 | 8,928,041 | |
Subordinated Series 2018-DSNY Class D | ||||
1-month USD LIBOR + 1.700% Floor 1.700% 09/15/2034 | 5.113% | 1,000,000 | 940,528 | |
BBCMS Trust(a),(b) | ||||
Series 2018-BXH Class A | ||||
1-month USD LIBOR + 1.000% Floor 1.000% 10/15/2037 | 4.412% | 2,503,753 | 2,397,442 | |
Subordinated Series 2018-BXH Class D | ||||
1-month USD LIBOR + 2.000% Floor 2.000% 10/15/2037 | 5.412% | 2,000,000 | 1,870,954 | |
BFLD Trust(a),(b) | ||||
Series 2019-DPLO Class A | ||||
1-month USD LIBOR + 1.090% Floor 1.091% 10/15/2034 | 4.502% | 3,000,000 | 2,928,946 | |
BHMS Mortgage Trust(a),(b) | ||||
Series 2018-ATLS Class A | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 07/15/2035 | 4.663% | 3,000,000 | 2,888,046 | |
Braemar Hotels & Resorts Trust(a),(b) | ||||
Series 2018-PRME Class A | ||||
1-month USD LIBOR + 0.820% Floor 0.820% 06/15/2035 | 4.233% | 8,000,000 | 7,604,422 | |
BX Commercial Mortgage Trust(a) | ||||
Series 2020-VIV4 Class A | ||||
03/09/2044 | 2.843% | 7,500,000 | 5,874,754 | |
BX Trust(a),(b) | ||||
Series 2018-GW Class A | ||||
1-month USD LIBOR + 0.800% Floor 0.800% 05/15/2035 | 4.212% | 5,950,000 | 5,746,038 | |
Series 2019-ATL Class C | ||||
1-month USD LIBOR + 1.587% Floor 1.587% 10/15/2036 | 4.999% | 823,000 | 780,017 | |
Subordinated Series 2019-ATL Class D | ||||
1-month USD LIBOR + 1.887% Floor 1.887% 10/15/2036 | 5.299% | 747,000 | 693,120 | |
BX Trust(a) | ||||
Series 2019-OC11 Class A | ||||
12/09/2041 | 3.202% | 3,400,000 | 2,793,554 |
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Citigroup Commercial Mortgage Trust(a),(c) | ||||
Subordinated Series 2020-420K Class D | ||||
11/10/2042 | 3.312% | 2,250,000 | 1,660,240 | |
CLNY Trust(a),(b) | ||||
Series 2019-IKPR Class A | ||||
1-month USD LIBOR + 1.129% Floor 1.129% 11/15/2038 | 4.541% | 1,000,000 | 947,780 | |
COMM Mortgage Trust(a),(c) | ||||
Subordinated Series 2020-CBM Class D | ||||
02/10/2037 | 3.633% | 1,750,000 | 1,538,275 | |
Corevest American Finance Trust(a) | ||||
Series 2020-4 Class A | ||||
12/15/2052 | 1.174% | 8,632,878 | 7,629,176 | |
Credit Suisse Mortgage Capital Certificates OA LLC(a) | ||||
Series 2014-USA Class A2 | ||||
09/15/2037 | 3.953% | 6,220,000 | 5,592,221 | |
Extended Stay America Trust(a),(b) | ||||
Series 2021-ESH Class C | ||||
1-month USD LIBOR + 1.700% Floor 1.700% 07/15/2038 | 5.112% | 10,469,661 | 9,891,537 | |
Hilton USA Trust(a),(c) | ||||
Subordinated Series 2016-HHV Class C | ||||
11/05/2038 | 4.194% | 1,700,000 | 1,499,032 | |
Hilton USA Trust(a) | ||||
Subordinated Series 2016-SFP Class D | ||||
11/05/2035 | 4.927% | 1,646,000 | 1,497,633 | |
Independence Plaza Trust(a) | ||||
Series 2018-INDP Class B | ||||
07/10/2035 | 3.911% | 4,000,000 | 3,676,145 | |
Invitation Homes Trust(a),(b) | ||||
Subordinated Series 2018-SFR4 Class C | ||||
1-month USD LIBOR + 1.400% Floor 1.400% 01/17/2038 | 4.218% | 1,999,908 | 1,945,799 | |
JPMorgan Chase Commercial Mortgage Securities Trust(a),(c) | ||||
Subordinated Series 2021-2NU Class C | ||||
01/05/2040 | 2.077% | 1,750,000 | 1,339,960 | |
Morgan Stanley Capital I Trust(a),(c) | ||||
Series 2019-MEAD Class D | ||||
11/10/2036 | 3.177% | 1,200,000 | 1,032,374 | |
New Residential Mortgage Loan Trust(a) | ||||
Series 2022-SFR1 Class A | ||||
02/17/2039 | 2.400% | 6,182,813 | 5,304,819 | |
One New York Plaza Trust(a),(b) | ||||
Subordinated Series 2020-1NYP Class B | ||||
1-month USD LIBOR + 1.500% Floor 1.500% 01/15/2036 | 4.912% | 15,000,000 | 14,120,170 |
8 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Subordinated Series 2020-1NYP Class C | ||||
1-month USD LIBOR + 2.200% Floor 2.200% 01/15/2036 | 5.612% | 5,000,000 | 4,650,439 | |
Progress Residential Trust(a) | ||||
Series 2020-SFR1 Class E | ||||
04/17/2037 | 3.032% | 1,800,000 | 1,605,178 | |
Series 2020-SFR3 Class B | ||||
10/17/2027 | 1.495% | 4,000,000 | 3,483,182 | |
Series 2020-SFR3 Class C | ||||
10/17/2027 | 1.695% | 6,250,000 | 5,454,865 | |
Series 2022-SFR1 Class A | ||||
02/17/2041 | 2.709% | 3,000,000 | 2,472,467 | |
Subordinated Series 2022-SFR4 Class B | ||||
05/17/2041 | 4.788% | 6,000,000 | 5,382,321 | |
SFO Commercial Mortgage Trust(a),(b) | ||||
Series 2021-555 Class A | ||||
1-month USD LIBOR + 1.150% Floor 1.150% 05/15/2038 | 4.562% | 8,000,000 | 7,441,766 | |
Tricon American Homes(a) | ||||
Series 2020-SFR1 Class C | ||||
07/17/2038 | 2.249% | 7,000,000 | 6,002,859 | |
UBS Commercial Mortgage Trust(a),(b) | ||||
Series 2018-NYCH Class A | ||||
1-month USD LIBOR + 0.850% Floor 0.851% 02/15/2032 | 4.262% | 1,737,226 | 1,690,180 | |
Series 2018-NYCH Class B | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 02/15/2032 | 4.662% | 900,000 | 867,967 | |
Wells Fargo Commercial Mortgage Trust(a),(b) | ||||
Series 2017-SMP Class A | ||||
1-month USD LIBOR + 0.875% Floor 0.875% 12/15/2034 | 4.287% | 4,720,000 | 4,662,455 | |
Series 2020-SDAL Class D | ||||
1-month USD LIBOR + 2.090% Floor 2.090%, Cap 4.500% 02/15/2037 | 4.500% | 5,600,000 | 5,263,748 | |
Subordinated Series 2017-SMP Class C | ||||
1-month USD LIBOR + 1.325% Floor 1.200% 12/15/2034 | 4.738% | 800,000 | 775,002 | |
Total Commercial Mortgage-Backed Securities - Non-Agency (Cost $177,711,210) | 162,784,332 |
Common Stocks 0.0% | ||
Issuer | Shares | Value ($) |
Consumer Staples 0.0% | ||
Beverages 0.0% | ||
Crimson Wine Group Ltd.(e) | 3 | 18 |
Total Consumer Staples | 18 | |
Financials 0.0% | ||
Capital Markets 0.0% | ||
Jefferies Financial Group, Inc. | 39 | 1,342 |
Total Financials | 1,342 | |
Total Common Stocks (Cost $—) | 1,360 |
Corporate Bonds & Notes 14.3% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Aerospace & Defense 0.3% | ||||
Boeing Co. (The) | ||||
08/01/2059 | 3.950% | 3,377,000 | 2,105,435 | |
05/01/2060 | 5.930% | 361,000 | 305,353 | |
Total | 2,410,788 | |||
Banking 6.0% | ||||
Bank of America Corp.(f) | ||||
07/23/2031 | 1.898% | 7,130,000 | 5,289,827 | |
10/24/2031 | 1.922% | 2,300,000 | 1,689,764 | |
10/20/2032 | 2.572% | 2,220,000 | 1,676,485 | |
02/04/2033 | 2.972% | 5,600,000 | 4,339,306 | |
Citigroup, Inc.(f) | ||||
06/03/2031 | 2.572% | 864,000 | 676,784 | |
01/25/2033 | 3.057% | 5,541,000 | 4,328,181 | |
Goldman Sachs Group, Inc. (The)(f) | ||||
07/21/2032 | 2.383% | 3,506,000 | 2,610,109 | |
10/21/2032 | 2.650% | 5,160,000 | 3,898,527 | |
HSBC Holdings PLC(f) | ||||
05/24/2032 | 2.804% | 2,260,000 | 1,620,706 | |
11/22/2032 | 2.871% | 5,997,000 | 4,269,526 | |
JPMorgan Chase & Co.(f) | ||||
10/15/2030 | 2.739% | 1,812,000 | 1,467,132 | |
04/22/2032 | 2.580% | 8,049,000 | 6,190,685 | |
11/08/2032 | 2.545% | 3,472,000 | 2,623,726 | |
Morgan Stanley(f) | ||||
07/21/2032 | 2.239% | 1,219,000 | 904,454 | |
Subordinated | ||||
09/16/2036 | 2.484% | 500,000 | 355,219 | |
04/20/2037 | 5.297% | 2,540,000 | 2,259,149 |
Columbia Bond Fund | Semiannual Report 2022 | 9 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Wells Fargo & Co.(f) | ||||
10/30/2030 | 2.879% | 593,000 | 485,998 | |
02/11/2031 | 2.572% | 7,892,000 | 6,295,830 | |
03/02/2033 | 3.350% | 1,385,000 | 1,118,400 | |
Total | 52,099,808 | |||
Cable and Satellite 0.5% | ||||
Charter Communications Operating LLC/Capital | ||||
05/01/2047 | 5.375% | 610,000 | 470,278 | |
06/30/2062 | 3.950% | 2,446,000 | 1,436,027 | |
04/01/2063 | 5.500% | 2,914,000 | 2,200,201 | |
Total | 4,106,506 | |||
Diversified Manufacturing 0.5% | ||||
Carrier Global Corp. | ||||
02/15/2030 | 2.722% | 2,595,000 | 2,132,038 | |
GE Capital International Funding Co. Unlimited Co. | ||||
11/15/2035 | 4.418% | 2,735,000 | 2,410,708 | |
General Electric Co.(b) | ||||
Junior Subordinated | ||||
3-month USD LIBOR + 3.330% 12/31/2049 | 6.623% | 5,000 | 4,836 | |
Total | 4,547,582 | |||
Electric 1.2% | ||||
AEP Texas, Inc. | ||||
01/15/2050 | 3.450% | 2,980,000 | 1,938,500 | |
Duke Energy Corp. | ||||
09/01/2046 | 3.750% | 3,035,000 | 2,086,263 | |
Emera US Finance LP | ||||
06/15/2046 | 4.750% | 2,910,000 | 2,163,810 | |
Georgia Power Co. | ||||
03/15/2042 | 4.300% | 2,450,000 | 1,978,194 | |
Pacific Gas and Electric Co. | ||||
07/01/2050 | 4.950% | 2,270,000 | 1,693,850 | |
Total | 9,860,617 | |||
Food and Beverage 0.7% | ||||
Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | ||||
02/01/2046 | 4.900% | 3,162,000 | 2,743,168 | |
Bacardi Ltd.(a) | ||||
05/15/2048 | 5.300% | 3,445,000 | 2,819,944 | |
Kraft Heinz Foods Co. | ||||
06/01/2046 | 4.375% | 486,000 | 379,742 | |
Total | 5,942,854 | |||
Health Care 0.6% | ||||
CVS Health Corp. | ||||
03/25/2048 | 5.050% | 1,050,000 | 891,625 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
HCA, Inc.(a) | ||||
03/15/2052 | 4.625% | 6,239,000 | 4,586,778 | |
Total | 5,478,403 | |||
Integrated Energy 0.1% | ||||
Cenovus Energy, Inc. | ||||
02/15/2052 | 3.750% | 840,000 | 560,185 | |
Life Insurance 0.1% | ||||
Guardian Life Insurance Co. of America (The)(a) | ||||
Subordinated | ||||
06/19/2064 | 4.875% | 1,000,000 | 780,248 | |
Peachtree Corners Funding Trust(a) | ||||
02/15/2025 | 3.976% | 335,000 | 321,322 | |
Total | 1,101,570 | |||
Media and Entertainment 0.7% | ||||
Magallanes, Inc.(a) | ||||
03/15/2052 | 5.141% | 526,000 | 368,243 | |
03/15/2062 | 5.391% | 8,522,000 | 5,942,375 | |
Total | 6,310,618 | |||
Midstream 0.8% | ||||
Enterprise Products Operating LLC | ||||
01/31/2060 | 3.950% | 923,000 | 614,794 | |
Kinder Morgan, Inc. | ||||
02/15/2046 | 5.050% | 1,376,000 | 1,112,145 | |
08/01/2052 | 5.450% | 1,116,000 | 943,986 | |
Plains All American Pipeline LP/Finance Corp. | ||||
06/15/2044 | 4.700% | 4,576,000 | 3,234,899 | |
Western Gas Partners LP | ||||
08/15/2048 | 5.500% | 550,000 | 446,906 | |
Williams Companies, Inc. (The) | ||||
09/15/2045 | 5.100% | 821,000 | 676,218 | |
Total | 7,028,948 | |||
Natural Gas 0.2% | ||||
NiSource, Inc. | ||||
05/15/2047 | 4.375% | 2,380,000 | 1,837,578 | |
Pharmaceuticals 0.4% | ||||
AbbVie, Inc. | ||||
06/15/2044 | 4.850% | 2,780,000 | 2,367,185 | |
Amgen, Inc. | ||||
03/01/2053 | 4.875% | 8,000 | 6,785 | |
02/22/2062 | 4.400% | 1,527,000 | 1,161,440 | |
Total | 3,535,410 |
10 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Property & Casualty 0.1% | ||||
Berkshire Hathaway Finance Corp. | ||||
03/15/2052 | 3.850% | 777,000 | 571,207 | |
Retailers 0.5% | ||||
Lowe’s Companies, Inc. | ||||
04/01/2062 | 4.450% | 2,217,000 | 1,616,454 | |
09/15/2062 | 5.800% | 3,226,000 | 2,888,144 | |
Total | 4,504,598 | |||
Technology 0.5% | ||||
Broadcom, Inc.(a) | ||||
04/15/2034 | 3.469% | 2,096,000 | 1,568,837 | |
11/15/2036 | 3.187% | 876,000 | 597,704 | |
NXP BV/Funding LLC/USA, Inc. | ||||
05/01/2030 | 3.400% | 200,000 | 165,855 | |
01/15/2033 | 5.000% | 1,254,000 | 1,128,484 | |
Oracle Corp. | ||||
04/01/2050 | 3.600% | 320,000 | 197,014 | |
03/25/2061 | 4.100% | 1,305,000 | 817,690 | |
Total | 4,475,584 | |||
Wireless 0.8% | ||||
American Tower Corp. | ||||
08/15/2029 | 3.800% | 2,461,000 | 2,148,030 | |
06/15/2030 | 2.100% | 685,000 | 520,632 | |
T-Mobile US, Inc. | ||||
02/15/2031 | 2.875% | 5,325,000 | 4,288,962 | |
Total | 6,957,624 | |||
Wirelines 0.3% | ||||
AT&T, Inc. | ||||
12/01/2057 | 3.800% | 3,899,000 | 2,568,856 | |
Total Corporate Bonds & Notes (Cost $161,604,553) | 123,898,736 | |||
Municipal Bonds 1.2% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Local General Obligation 0.4% | ||||
City of New York | ||||
Unlimited General Obligation Bonds | ||||
Series 2021A-1 | ||||
08/01/2047 | 5.000% | 3,290,000 | 3,358,227 | |
Municipal Power 0.1% | ||||
Los Angeles Department of Water & Power | ||||
Refunding Revenue Bonds | ||||
Series 2021B | ||||
07/01/2051 | 5.000% | 1,285,000 | 1,322,690 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Special Non Property Tax 0.7% | ||||
New York State Urban Development Corp. | ||||
Refunding Revenue Bonds | ||||
State Personal Income Tax | ||||
Series 2020 | ||||
03/15/2050 | 5.000% | 5,600,000 | 5,706,935 | |
Total Municipal Bonds (Cost $10,962,477) | 10,387,852 | |||
Residential Mortgage-Backed Securities - Agency 32.7% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Federal Home Loan Mortgage Corp.(g) | ||||
06/01/2043 | 4.000% | 1,261,941 | 1,187,635 | |
Federal Home Loan Mortgage Corp. | ||||
08/01/2052 | 4.000% | 14,884,665 | 13,632,406 | |
Federal Home Loan Mortgage Corp.(b),(d) | ||||
CMO Series 4903 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 08/25/2049 | 2.464% | 2,122,632 | 214,104 | |
Federal Home Loan Mortgage Corp.(d) | ||||
CMO Series 5162 Class IA | ||||
11/25/2051 | 3.000% | 8,674,650 | 1,386,021 | |
Federal National Mortgage Association | ||||
08/01/2029- 09/01/2045 | 3.000% | 1,837,063 | 1,712,206 | |
05/01/2043- 05/01/2052 | 3.500% | 12,248,518 | 10,852,548 | |
02/01/2048- 08/01/2052 | 4.000% | 30,335,309 | 27,792,399 | |
Federal National Mortgage Association(g) | ||||
07/01/2038 | 6.000% | 592,737 | 612,132 | |
01/01/2040 | 5.500% | 709,465 | 727,504 | |
08/01/2040 | 4.500% | 1,123,034 | 1,071,785 | |
10/01/2042 | 3.000% | 1,563,154 | 1,370,990 | |
07/01/2045- 02/01/2046 | 3.500% | 1,914,032 | 1,722,735 | |
11/01/2045 | 4.000% | 582,951 | 538,210 | |
Federal National Mortgage Association(b),(d) | ||||
CMO Series 2016-53 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 08/25/2046 | 2.414% | 736,335 | 73,190 | |
CMO Series 2016-57 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 08/25/2046 | 2.414% | 1,871,729 | 182,401 |
Columbia Bond Fund | Semiannual Report 2022 | 11 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2016-93 Class SL | ||||
-1.0 x 1-month USD LIBOR + 6.650% Cap 6.650% 12/25/2046 | 3.064% | 2,730,850 | 186,086 | |
CMO Series 2017-109 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 01/25/2048 | 2.564% | 902,123 | 100,301 | |
CMO Series 2017-20 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.100% Cap 6.100% 04/25/2047 | 2.514% | 764,073 | 79,808 | |
CMO Series 2017-54 Class SN | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 07/25/2047 | 2.564% | 1,520,146 | 190,867 | |
CMO Series 2018-66 Class SM | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 09/25/2048 | 2.614% | 1,057,009 | 113,515 | |
CMO Series 2018-74 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 10/25/2048 | 2.564% | 1,323,776 | 140,540 | |
CMO Series 2019-33 Class SB | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 07/25/2049 | 2.464% | 3,183,128 | 325,025 | |
CMO Series 2019-60 Class SH | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 10/25/2049 | 2.464% | 1,203,842 | 122,910 | |
CMO Series 2019-67 Class SE | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 11/25/2049 | 2.464% | 1,877,646 | 239,881 | |
Federal National Mortgage Association(d) | ||||
CMO Series 2021-3 Class TI | ||||
02/25/2051 | 2.500% | 11,817,587 | 1,910,741 | |
Freddie Mac REMICS(d) | ||||
CMO Series 5152 Class XI | ||||
11/25/2050 | 2.500% | 15,591,986 | 2,192,656 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Government National Mortgage Association(b) | ||||
1-year CMT + 1.500% Cap 10.000% 04/20/2028 | 2.875% | 1,175 | 1,145 | |
Government National Mortgage Association(g) | ||||
04/20/2048 | 4.500% | 769,367 | 740,947 | |
Government National Mortgage Association(b),(d) | ||||
CMO Series 2017-112 Class SJ | ||||
-1.0 x 1-month USD LIBOR + 5.660% Cap 5.660% 07/20/2047 | 2.171% | 2,715,571 | 176,551 | |
CMO Series 2017-130 Class HS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2047 | 2.711% | 906,872 | 83,829 | |
CMO Series 2017-149 Class BS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 10/20/2047 | 2.711% | 1,158,900 | 121,063 | |
CMO Series 2017-163 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 11/20/2047 | 2.711% | 485,932 | 43,801 | |
CMO Series 2017-37 Class SB | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 03/20/2047 | 2.661% | 689,832 | 62,283 | |
CMO Series 2018-103 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2048 | 2.711% | 684,092 | 66,132 | |
CMO Series 2018-112 Class LS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2048 | 2.711% | 854,375 | 82,983 | |
CMO Series 2018-125 Class SK | ||||
-1.0 x 1-month USD LIBOR + 6.250% Cap 6.250% 09/20/2048 | 2.761% | 1,076,884 | 84,983 | |
CMO Series 2018-134 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 10/20/2048 | 2.711% | 872,971 | 82,282 |
12 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2018-148 Class SB | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 01/20/2048 | 2.711% | 1,632,020 | 168,484 | |
CMO Series 2018-151 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 11/20/2048 | 2.661% | 1,413,818 | 134,946 | |
CMO Series 2018-89 Class MS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 06/20/2048 | 2.711% | 894,471 | 73,822 | |
CMO Series 2018-91 Class DS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 07/20/2048 | 2.711% | 966,644 | 87,555 | |
CMO Series 2019-20 Class JS | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 02/20/2049 | 2.511% | 1,346,614 | 125,127 | |
CMO Series 2019-5 Class SH | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 01/20/2049 | 2.661% | 972,608 | 91,390 | |
CMO Series 2019-56 Class SG | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 05/20/2049 | 2.661% | 1,018,991 | 94,901 | |
CMO Series 2019-59 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 05/20/2049 | 2.561% | 1,016,644 | 96,676 | |
CMO Series 2019-85 Class SC | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 07/20/2049 | 2.661% | 974,886 | 88,408 | |
CMO Series 2019-90 Class SD | ||||
-1.0 x 1-month USD LIBOR + 6.150% 07/20/2049 | 2.661% | 2,372,877 | 237,333 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2019-92 Class SD | ||||
-1.0 x 1-month USD LIBOR + 6.100% Cap 6.100% 07/20/2049 | 2.611% | 5,715,749 | 578,393 | |
CMO Series 2020-188 Class SA | ||||
1-month USD LIBOR + 6.300% Cap 6.300% 12/20/2050 | 2.811% | 12,423,333 | 1,509,083 | |
CMO Series 2020-21 Class VS | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 02/20/2050 | 2.561% | 753,534 | 79,554 | |
CMO Series 2020-62 Class SG | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 05/20/2050 | 2.661% | 1,369,235 | 128,739 | |
Government National Mortgage Association(d) | ||||
CMO Series 2020-164 Class CI | ||||
11/20/2050 | 3.000% | 7,844,992 | 1,208,852 | |
CMO Series 2020-175 Class KI | ||||
11/20/2050 | 2.500% | 21,513,236 | 3,035,068 | |
CMO Series 2020-191 Class UG | ||||
12/20/2050 | 3.500% | 8,051,936 | 1,363,811 | |
CMO Series 2021-119 Class QI | ||||
07/20/2051 | 3.000% | 8,544,582 | 1,283,383 | |
CMO Series 2021-139 Class IC | ||||
08/20/2051 | 3.000% | 20,494,350 | 3,185,088 | |
CMO Series 2021-16 Class KI | ||||
01/20/2051 | 2.500% | 10,106,272 | 1,462,461 | |
CMO Series 2021-9 Class MI | ||||
01/20/2051 | 2.500% | 9,706,323 | 1,294,915 | |
Government National Mortgage Association TBA(h) | ||||
11/21/2052 | 4.000% | 18,000,000 | 16,585,031 | |
Uniform Mortgage-Backed Security TBA(h) | ||||
11/16/2037- 11/14/2052 | 3.000% | 61,478,000 | 52,408,582 | |
11/16/2037- 11/14/2052 | 3.500% | 29,000,000 | 25,728,569 | |
11/14/2052 | 4.000% | 22,000,000 | 19,995,593 | |
11/14/2052 | 4.500% | 43,580,000 | 40,876,678 | |
11/14/2052 | 5.000% | 42,000,000 | 40,498,828 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $296,310,047) | 282,645,865 | |||
Columbia Bond Fund | Semiannual Report 2022 | 13 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency 30.7% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
510 Asset Backed Trust(a),(c) | ||||
CMO Series 2021-NPL2 Class A1 | ||||
06/25/2061 | 2.116% | 3,422,852 | 3,159,267 | |
American Mortgage Trust(c),(i),(j) | ||||
CMO Series 2093-3 Class 3A | ||||
07/27/2023 | 8.188% | 54 | 33 | |
Angel Oak Mortgage Trust(a),(c) | ||||
CMO Series 2020-1 Class M1 | ||||
12/25/2059 | 3.161% | 3,000,000 | 2,564,187 | |
CMO Series 2020-3 Class A1 | ||||
04/25/2065 | 1.691% | 2,428,788 | 2,185,290 | |
CMO Series 2021-5 Class A2 | ||||
07/25/2066 | 1.208% | 4,836,573 | 3,723,280 | |
Angel Oak Mortgage Trust I LLC(a),(c) | ||||
CMO Series 2018-3 Class M1 | ||||
09/25/2048 | 4.421% | 960,000 | 930,309 | |
Arroyo Mortgage Trust(a),(c) | ||||
CMO Series 2019-2 Class A3 | ||||
04/25/2049 | 3.800% | 187,172 | 164,948 | |
Bellemeade Re Ltd.(a),(b) | ||||
CMO Series 2018-1A Class M2 | ||||
1-month USD LIBOR + 2.900% 04/25/2028 | 6.486% | 2,683,477 | 2,674,018 | |
CMO Series 2019-2A Class M1C | ||||
1-month USD LIBOR + 2.000% Floor 2.000% 04/25/2029 | 5.586% | 4,052,825 | 4,010,095 | |
CMO Series 2019-3A Class M1B | ||||
1-month USD LIBOR + 1.600% Floor 1.600% 07/25/2029 | 5.186% | 667,122 | 665,571 | |
CMO Series 2019-3A Class M1C | ||||
1-month USD LIBOR + 1.950% Floor 1.950% 07/25/2029 | 5.536% | 3,500,000 | 3,458,888 | |
CMO Series 2021-2A Class M1A | ||||
30-day Average SOFR + 1.200% Floor 1.200% 06/25/2031 | 3.481% | 2,935,544 | 2,904,133 | |
CMO Series 2021-2A Class M1B | ||||
30-day Average SOFR + 1.500% Floor 1.500% 06/25/2031 | 3.781% | 2,000,000 | 1,906,516 | |
CMO Series 2022-1 Class M1A | ||||
30-day Average SOFR + 1.750% Floor 1.750% 01/26/2032 | 4.775% | 4,900,000 | 4,865,152 | |
BRAVO Residential Funding Trust(a),(c) | ||||
CMO Series 2020-NQM1 Class M1 | ||||
05/25/2060 | 3.181% | 2,500,000 | 2,188,063 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2020-RPL2 Class A1 | ||||
05/25/2059 | 2.000% | 1,997,914 | 1,791,536 | |
Bunker Hill Loan Depositary Trust(a),(c) | ||||
CMO Series 2019-3 Class A2 | ||||
11/25/2059 | 2.981% | 983,994 | 929,528 | |
CMO Series 2019-3 Class A3 | ||||
11/25/2059 | 3.135% | 1,433,820 | 1,348,004 | |
CMO Series 2020-1 Class A1 | ||||
02/25/2055 | 1.724% | 3,358,469 | 3,182,655 | |
BVRT Financing Trust(a),(b),(j) | ||||
CMO Series 2021-3F Class M1 | ||||
30-day Average SOFR + 1.750% Floor 1.750% 07/12/2033 | 3.608% | 4,049,089 | 4,049,089 | |
CMO Series 2021-3F Class M2 | ||||
30-day Average SOFR + 2.900% Floor 2.900% 07/12/2033 | 4.187% | 6,000,000 | 6,000,000 | |
CHNGE Mortgage Trust(a),(c) | ||||
CMO Series 2022-1 Class A1 | ||||
01/25/2067 | 3.007% | 4,985,899 | 4,434,597 | |
CMO Series 2022-2 Class A1 | ||||
03/25/2067 | 3.757% | 4,203,633 | 3,800,376 | |
CIM Trust(a),(b) | ||||
CMO Series 2018-R6 Class A1 | ||||
1-month USD LIBOR + 1.076% Floor 1.076% 09/25/2058 | 4.204% | 674,591 | 659,842 | |
COLT Mortgage Loan Trust(a),(c) | ||||
CMO Series 2020-2 Class A2 | ||||
03/25/2065 | 3.094% | 350,000 | 322,219 | |
CMO Series 2021-3 Class A1 | ||||
09/27/2066 | 0.956% | 3,022,281 | 2,223,416 | |
CMO Series 2021-5 Class A2 | ||||
11/26/2066 | 2.606% | 4,270,000 | 2,715,765 | |
Connecticut Avenue Securities Trust(a),(b) | ||||
CMO Series 2022-R01 Class 1M2 | ||||
30-day Average SOFR + 1.900% 12/25/2041 | 4.897% | 2,650,000 | 2,405,514 | |
CMO Series 2022-R04 Class 1M2 | ||||
30-day Average SOFR + 3.100% 03/25/2042 | 6.097% | 4,000,000 | 3,740,815 | |
Credit Suisse Mortgage Capital Certificates(a),(c) | ||||
CMO Series 2020-SPT1 Class A1 | ||||
04/25/2065 | 1.616% | 310,545 | 299,534 | |
Credit Suisse Mortgage Trust(a),(c) | ||||
CMO Series 2021-RPL2 Class A1A | ||||
01/25/2060 | 1.115% | 3,486,840 | 2,648,674 |
14 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CSMC Trust(a),(c) | ||||
CMO Series 2020-RPL2 Class A12 | ||||
02/25/2060 | 3.451% | 906,237 | 887,160 | |
CMO Series 2020-RPL6 Class A1 | ||||
03/25/2059 | 2.688% | 9,359,380 | 8,903,602 | |
Subordinated CMO Series 2020-RPL3 Class A1 | ||||
03/25/2060 | 2.691% | 2,668,949 | 2,560,960 | |
Deephaven Residential Mortgage Trust(a),(c) | ||||
CMO Series 2021-1 Class A2 | ||||
05/25/2065 | 0.973% | 705,225 | 636,544 | |
Eagle Re Ltd.(a),(b) | ||||
CMO Series 2018-1 Class M1 | ||||
1-month USD LIBOR + 1.700% Floor 1.700% 11/25/2028 | 5.286% | 275,303 | 273,170 | |
Subordinated CMO Series 2020-1 Class M1B | ||||
1-month USD LIBOR + 1.450% 01/25/2030 | 5.036% | 2,862,259 | 2,818,783 | |
Ellington Financial Mortgage Trust(a),(c) | ||||
CMO Series 2020-1 Class A3 | ||||
05/25/2065 | 3.999% | 550,000 | 476,575 | |
Freddie Mac STACR REMIC Trust(a),(b) | ||||
CMO Series 2020-DNA4 Class M2 | ||||
1-month USD LIBOR + 3.750% Floor 3.750% 08/25/2050 | 7.336% | 241 | 240 | |
CMO Series 2021-DNA3 Class M1 | ||||
30-day Average SOFR + 0.750% 10/25/2033 | 3.747% | 3,851,546 | 3,795,446 | |
CMO Series 2022-DNA1 Class M1B | ||||
30-day Average SOFR + 1.850% 01/25/2042 | 4.847% | 3,000,000 | 2,693,359 | |
Subordinated CMO Series 2022-DNA6 Class M1A | ||||
30-day Average SOFR + 2.150% 09/25/2042 | 5.147% | 2,665,456 | 2,637,824 | |
Freddie Mac Structured Agency Credit Risk Debt Notes(a),(c) | ||||
CMO Series 2022-DNA2 Class M1B | ||||
02/25/2042 | 5.397% | 3,800,000 | 3,496,309 | |
FWD Securitization Trust(a),(c) | ||||
CMO Series 2020-INV1 Class M1 | ||||
01/25/2050 | 2.850% | 3,500,000 | 2,646,608 | |
GCAT LLC(a),(c) | ||||
CMO Series 2021-CM1 Class A1 | ||||
04/25/2065 | 1.469% | 2,997,594 | 2,827,370 | |
GCAT Trust(a),(c) | ||||
CMO Series 2021-CM2 Class A1 | ||||
08/25/2066 | 2.352% | 3,173,584 | 2,948,486 | |
CMO Series 2022-NQM2 Class A3 | ||||
02/25/2067 | 4.210% | 4,896,217 | 4,266,914 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
GS Mortgage-Backed Securities Corp. Trust(a),(c) | ||||
CMO Series 2021-NQM1 Class A1 | ||||
07/25/2061 | 1.017% | 2,578,842 | 2,083,809 | |
Home Re Ltd.(a),(b) | ||||
Subordinated CMO Series 2022-1 Class M1A | ||||
30-day Average SOFR + 2.850% 10/25/2034 | 5.847% | 2,700,000 | 2,688,560 | |
Imperial Fund Mortgage Trust(a),(c) | ||||
CMO Series 2021-NQM4 Class A2 | ||||
01/25/2057 | 2.296% | 1,857,955 | 1,378,701 | |
Legacy Mortgage Asset Trust(a),(c) | ||||
CMO Series 2021-GS2 Class A1 | ||||
04/25/2061 | 1.750% | 2,182,335 | 2,017,080 | |
CMO Series 2021-SL2 Class A | ||||
10/25/2068 | 1.875% | 3,025,702 | 2,595,697 | |
Loan Revolving Advance Investment Trust(a),(b),(i),(j) | ||||
CMO Series 2021-2 Class A1X | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 06/30/2023 | 6.089% | 1,777,968 | 1,757,521 | |
MFA Trust(a),(c) | ||||
CMO Series 2020-NQM2 Class M1 | ||||
04/25/2065 | 3.034% | 3,500,000 | 3,312,692 | |
CMO Series 2020-NQM3 Class A1 | ||||
01/26/2065 | 1.014% | 5,389,034 | 4,650,360 | |
CMO Series 2020-NQM3 Class A2 | ||||
01/26/2065 | 1.324% | 2,155,617 | 1,864,502 | |
CMO Series 2020-NQM3 Class A3 | ||||
01/26/2065 | 1.632% | 1,616,713 | 1,401,885 | |
CMO Series 2021-INV2 Class A3 | ||||
11/25/2056 | 2.264% | 2,593,883 | 2,052,873 | |
MFRA Trust(a),(c) | ||||
CMO Series 2021-INV1 Class A2 | ||||
01/25/2056 | 1.057% | 400,288 | 342,422 | |
CMO Series 2021-INV1 Class A3 | ||||
01/25/2056 | 1.262% | 624,049 | 532,064 | |
New Residential Mortgage Loan Trust(a),(c) | ||||
CMO Series 2018-1A Class A1A | ||||
12/25/2057 | 4.000% | 6,870,586 | 6,439,081 | |
NRZ Excess Spread-Collateralized Notes(a) | ||||
Series 2020-PLS1 Class A | ||||
12/25/2025 | 3.844% | 3,749,733 | 3,414,062 | |
Oaktown Re II Ltd.(a),(b) | ||||
CMO Series 2018-1A Class M1 | ||||
1-month USD LIBOR + 1.550% 07/25/2028 | 5.136% | 413,106 | 411,659 |
Columbia Bond Fund | Semiannual Report 2022 | 15 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Oaktown Re III Ltd.(a),(b) | ||||
CMO Series 2019-1A Class M1B | ||||
1-month USD LIBOR + 1.950% Floor 1.950% 07/25/2029 | 5.536% | 1,369,428 | 1,345,967 | |
Oaktown Re VI Ltd.(a),(b) | ||||
CMO Series 2021-1A Class M1A | ||||
30-day Average SOFR + 1.650% Floor 1.650% 10/25/2033 | 4.647% | 2,706,339 | 2,692,830 | |
PMT Credit Risk Transfer Trust(a),(b) | ||||
Series 2019-2R Class A | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 05/27/2023 | 6.346% | 435,599 | 419,322 | |
PNMAC GMSR Issuer Trust(a),(b) | ||||
CMO Series 2018-FT1 Class A | ||||
1-month USD LIBOR + 2.350% 04/25/2023 | 5.936% | 2,500,000 | 2,377,898 | |
CMO Series 2018-GT1 Class A | ||||
1-month USD LIBOR + 2.850% Floor 2.850% 02/25/2023 | 6.436% | 10,700,000 | 10,559,117 | |
CMO Series 2018-GT2 Class A | ||||
1-month USD LIBOR + 2.650% 08/25/2025 | 6.236% | 3,950,000 | 3,869,604 | |
Preston Ridge Partners Mortgage Trust(a),(c) | ||||
CMO Series 2020-6 Class A1 | ||||
11/25/2025 | 2.363% | 8,464,646 | 7,751,512 | |
CMO Series 2021-1 Class A1 | ||||
01/25/2026 | 2.115% | 5,796,407 | 5,337,939 | |
CMO Series 2021-2 Class A1 | ||||
03/25/2026 | 2.115% | 2,333,913 | 2,137,614 | |
CMO Series 2021-3 Class A1 | ||||
04/25/2026 | 1.867% | 2,188,973 | 1,904,076 | |
CMO Series 2021-8 Class A1 | ||||
09/25/2026 | 1.743% | 1,524,689 | 1,399,863 | |
Pretium Mortgage Credit Partners(a),(c) | ||||
CMO Series 2022-NPL1 Class A1 | ||||
01/25/2052 | 2.981% | 4,171,431 | 3,726,380 | |
PRKCM Trust(a),(c) | ||||
CMO Series 2021-AFC1 Class A3 | ||||
08/25/2056 | 2.069% | 5,711,526 | 4,449,161 | |
PRPM LLC(a),(c) | ||||
CMO Series 2021-RPL1 Class A1 | ||||
07/25/2051 | 1.319% | 4,182,478 | 3,716,964 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Radnor Re Ltd.(a),(b) | ||||
CMO Series 2019-2 Class M1B | ||||
1-month USD LIBOR + 1.750% Floor 1.750% 06/25/2029 | 5.336% | 263,428 | 262,805 | |
CMO Series 2020-1 Class M1A | ||||
1-month USD LIBOR + 0.950% Floor 0.950% 01/25/2030 | 4.536% | 1,229,066 | 1,211,973 | |
Residential Mortgage Loan Trust(a),(c) | ||||
CMO Series 2019-3 Class A3 | ||||
09/25/2059 | 3.044% | 33,381 | 32,256 | |
Stanwich Mortgage Loan Co. LLC(a),(c) | ||||
CMO Series 2021-NPB1 Class A1 | ||||
10/16/2026 | 2.735% | 2,662,733 | 2,432,027 | |
Starwood Mortgage Residential Trust(a),(c) | ||||
CMO Series 2019-INV1 Class A3 | ||||
09/27/2049 | 2.916% | 3,305,327 | 3,118,224 | |
CMO Series 2020-2 Class A3 | ||||
04/25/2060 | 3.000% | 8,250,000 | 7,830,435 | |
CMO Series 2020-3 Class A3 | ||||
04/25/2065 | 2.591% | 5,000,000 | 3,751,440 | |
CMO Series 2020-3 Class M1 | ||||
04/25/2065 | 3.544% | 2,800,000 | 2,616,876 | |
CMO Series 2020-INV1 Class A2 | ||||
11/25/2055 | 1.439% | 4,300,955 | 3,843,646 | |
CMO Series 2020-INV1 Class A3 | ||||
11/25/2055 | 1.593% | 1,627,947 | 1,446,203 | |
CMO Series 2021-3 Class A1 | ||||
06/25/2056 | 1.127% | 906,783 | 725,236 | |
Stonnington Mortgage Trust(a),(c),(i),(j) | ||||
CMO Series 2020-1 Class A | ||||
07/28/2024 | 3.500% | 1,343,113 | 1,343,113 | |
Towd Point Mortgage Trust(a),(c) | ||||
CMO Series 2019-4 Class M1B | ||||
10/25/2059 | 3.000% | 10,000,000 | 7,356,718 | |
Triangle Re Ltd.(a),(b) | ||||
CMO Series 2021-2 Class M1A | ||||
1-month USD LIBOR + 2.050% Floor 2.050% 10/25/2033 | 5.636% | 1,713,044 | 1,711,015 | |
TRK Trust(a),(c) | ||||
CMO Series 2021-INV2 Class A1 | ||||
11/25/2056 | 1.966% | 6,216,425 | 4,962,579 | |
Vendee Mortgage Trust(c),(d) | ||||
CMO Series 1998-1 Class 2IO | ||||
03/15/2028 | 0.000% | 524,864 | 0 | |
CMO Series 1998-3 Class IO | ||||
03/15/2029 | 0.000% | 633,576 | 1 |
16 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Verus Securitization Trust(a),(c) | ||||
CMO Series 2019-INV3 Class A3 | ||||
11/25/2059 | 3.100% | 366,825 | 346,063 | |
CMO Series 2020-1 Class A3 | ||||
01/25/2060 | 2.724% | 943,254 | 869,680 | |
CMO Series 2020-4 Class A3 | ||||
05/25/2065 | 2.321% | 1,598,923 | 1,448,232 | |
CMO Series 2021-4 Class A2 | ||||
07/25/2066 | 1.247% | 4,414,358 | 3,182,012 | |
Verus Securitization Trust(a) | ||||
CMO Series 2020-INV1 Class A2 | ||||
03/25/2060 | 3.035% | 4,000,000 | 3,741,301 | |
CMO Series 2020-INV1 Class A3 | ||||
03/25/2060 | 3.889% | 2,800,000 | 2,614,115 | |
Visio Trust(a) | ||||
CMO Series 2020-1R Class A3 | ||||
11/25/2055 | 1.873% | 1,611,148 | 1,463,583 | |
CMO Series 2021-1R Class A1 | ||||
05/25/2056 | 1.280% | 2,674,595 | 2,401,255 | |
Total Residential Mortgage-Backed Securities - Non-Agency (Cost $295,406,064) | 265,162,667 |
Options Purchased Calls 0.0% | ||||
Value ($) | ||||
(Cost $742,100) | 95,456 |
Money Market Funds 6.6% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 3.246%(k),(l) | 57,374,131 | 57,351,181 |
Total Money Market Funds (Cost $57,342,145) | 57,351,181 | |
Total Investments in Securities (Cost: $1,165,304,381) | 1,057,990,148 | |
Other Assets & Liabilities, Net | (192,804,031) | |
Net Assets | 865,186,117 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 10-Year Note | 1,756 | 12/2022 | USD | 194,202,625 | — | (11,770,906) |
U.S. Treasury 5-Year Note | 8 | 12/2022 | USD | 852,750 | — | (33,121) |
U.S. Ultra Treasury Bond | 283 | 12/2022 | USD | 36,126,719 | — | (6,216,390) |
Total | — | (18,020,417) |
Call option contracts purchased | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Cost ($) | Value ($) |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay SOFR | Citi | USD | 36,200,000 | 36,200,000 | 2.25 | 05/26/2023 | 742,100 | 95,456 |
(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 October 31, 2022, the total value of these securities amounted to $595,467,314, which represents 68.83% of total net assets. |
(b) | Variable rate security. The interest rate shown was the current rate as of October 31, 2022. |
(c) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of October 31, 2022. |
(d) | Represents interest only securities which have the right to receive the monthly interest payments on an underlying pool of mortgage loans. |
(e) | Non-income producing investment. |
Columbia Bond Fund | Semiannual Report 2022 | 17 |
October 31, 2022 (Unaudited)
(f) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of October 31, 2022. |
(g) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(h) | Represents a security purchased on a when-issued basis. |
(i) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At October 31, 2022, the total value of these securities amounted to $3,100,667, which represents 0.36% of total net assets. |
(j) | Valuation based on significant unobservable inputs. |
(k) | The rate shown is the seven-day current annualized yield at October 31, 2022. |
(l) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund.The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 3.246% | ||||||||
48,458,332 | 240,680,085 | (231,791,084) | 3,848 | 57,351,181 | (652) | 436,892 | 57,374,131 |
CMO | Collateralized Mortgage Obligation |
CMT | Constant Maturity Treasury |
LIBOR | London Interbank Offered Rate |
SOFR | Secured Overnight Financing Rate |
TBA | To Be Announced |
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). |
18 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
The Fund’s Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily available using 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 | ||||
Asset-Backed Securities — Non-Agency | — | 150,534,898 | — | 150,534,898 |
Commercial Mortgage-Backed Securities - Agency | — | 5,127,801 | — | 5,127,801 |
Commercial Mortgage-Backed Securities - Non-Agency | — | 162,784,332 | — | 162,784,332 |
Common Stocks | ||||
Consumer Staples | — | 18 | — | 18 |
Financials | 1,342 | — | — | 1,342 |
Total Common Stocks | 1,342 | 18 | — | 1,360 |
Corporate Bonds & Notes | — | 123,898,736 | — | 123,898,736 |
Municipal Bonds | — | 10,387,852 | — | 10,387,852 |
Residential Mortgage-Backed Securities - Agency | — | 282,645,865 | — | 282,645,865 |
Residential Mortgage-Backed Securities - Non-Agency | — | 252,012,911 | 13,149,756 | 265,162,667 |
Options Purchased Calls | — | 95,456 | — | 95,456 |
Money Market Funds | 57,351,181 | — | — | 57,351,181 |
Total Investments in Securities | 57,352,523 | 987,487,869 | 13,149,756 | 1,057,990,148 |
Investments in Derivatives | ||||
Liability | ||||
Futures Contracts | (18,020,417) | — | — | (18,020,417) |
Total | 39,332,106 | 987,487,869 | 13,149,756 | 1,039,969,731 |
Balance as of 04/30/2022 ($) | Increase (decrease) in accrued discounts/ premiums ($) | Realized gain (loss) ($) | Change in unrealized appreciation (depreciation)(a) ($) | Purchases ($) | Sales ($) | Transfers into Level 3 ($) | Transfers out of Level 3 ($) | Balance as of 10/31/2022 ($) | |
Asset-Backed Securities — Non-Agency | 6,544,011 | — | (39,757) | (1,680) | — | (1,154,915) | — | (5,347,659) | — |
Commercial Mortgage-Backed Securities — Non-Agency | 5,960,625 | — | — | — | — | — | — | (5,960,625) | — |
Residential Mortgage-Backed Securities — Non-Agency | 18,622,673 | 1 | — | (15,827) | (5,457,091) | — | — | — | 13,149,756 |
Total | 31,127,309 | 1 | (39,757) | (17,507) | (5,457,091) | (1,154,915) | — | (11,308,284) | 13,149,756 |
Columbia Bond Fund | Semiannual Report 2022 | 19 |
October 31, 2022 (Unaudited)
The Fund’s assets assigned to the Level 3 category are valued utilizing the valuation technique deemed the most appropriate in the circumstances. Certain residential mortgage backed securities classified as Level 3 securities are valued using the market approach and utilize single market quotations from broker dealers which may have included, but were not limited to, observable transactions for identical or similar assets in the market and the distressed nature of the security. The appropriateness of fair values for these securities is monitored on an ongoing basis which may include results of back testing, manual price reviews and other control procedures. Significant increases (decreases) to any of these inputs would have resulted in a significantly higher (lower) valuation measurement.
20 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,107,220,136) | $1,000,543,511 |
Affiliated issuers (cost $57,342,145) | 57,351,181 |
Options purchased (cost $742,100) | 95,456 |
Cash collateral held at broker for: | |
TBA | 3,088,151 |
Receivable for: | |
Investments sold | 2,450,527 |
Capital shares sold | 2,950,405 |
Dividends | 106,165 |
Interest | 3,548,361 |
Foreign tax reclaims | 11,164 |
Expense reimbursement due from Investment Manager | 9,674 |
Prepaid expenses | 12,145 |
Trustees’ deferred compensation plan | 191,825 |
Other assets | 14,912 |
Total assets | 1,070,373,477 |
Liabilities | |
Due to custodian | 97,225 |
Payable for: | |
Investments purchased on a delayed delivery basis | 200,043,461 |
Capital shares purchased | 559,353 |
Distributions to shareholders | 2,949,944 |
Variation margin for futures contracts | 1,193,187 |
Management services fees | 35,492 |
Distribution and/or service fees | 1,853 |
Transfer agent fees | 16,415 |
Compensation of board members | 63,189 |
Compensation of chief compliance officer | 90 |
Other expenses | 35,326 |
Trustees’ deferred compensation plan | 191,825 |
Total liabilities | 205,187,360 |
Net assets applicable to outstanding capital stock | $865,186,117 |
Represented by | |
Paid in capital | 1,094,950,999 |
Total distributable earnings (loss) | (229,764,882) |
Total - representing net assets applicable to outstanding capital stock | $865,186,117 |
Columbia Bond Fund | Semiannual Report 2022 | 21 |
October 31, 2022 (Unaudited)
Class A | |
Net assets | $71,265,412 |
Shares outstanding | 2,537,248 |
Net asset value per share | $28.09 |
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 A shares) | $29.49 |
Advisor Class | |
Net assets | $1,884,180 |
Shares outstanding | 67,172 |
Net asset value per share | $28.05 |
Class C | |
Net assets | $3,690,089 |
Shares outstanding | 131,568 |
Net asset value per share | $28.05 |
Institutional Class | |
Net assets | $58,388,598 |
Shares outstanding | 2,079,050 |
Net asset value per share | $28.08 |
Institutional 2 Class | |
Net assets | $10,009,509 |
Shares outstanding | 357,376 |
Net asset value per share | $28.01 |
Institutional 3 Class | |
Net assets | $714,284,025 |
Shares outstanding | 25,377,804 |
Net asset value per share | $28.15 |
Class R | |
Net assets | $287,238 |
Shares outstanding | 10,228 |
Net asset value per share | $28.08 |
Class V | |
Net assets | $5,377,066 |
Shares outstanding | 191,814 |
Net asset value per share | $28.03 |
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) | $29.43 |
22 | Columbia Bond Fund | Semiannual Report 2022 |
Six Months Ended October 31, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $24 |
Dividends — affiliated issuers | 436,892 |
Interest | 15,918,929 |
Interfund lending | 277 |
Total income | 16,356,122 |
Expenses: | |
Management services fees | 2,407,783 |
Distribution and/or service fees | |
Class A | 99,147 |
Class C | 21,673 |
Class R | 776 |
Class V | 4,479 |
Transfer agent fees | |
Class A | 51,170 |
Advisor Class | 2,077 |
Class C | 2,792 |
Institutional Class | 42,865 |
Institutional 2 Class | 3,220 |
Institutional 3 Class | 23,885 |
Class R | 200 |
Class V | 3,852 |
Compensation of board members | 1,191 |
Custodian fees | 15,511 |
Printing and postage fees | 13,778 |
Registration fees | 71,211 |
Audit fees | 20,397 |
Legal fees | 11,743 |
Interest on collateral | 16,290 |
Compensation of chief compliance officer | 90 |
Other | 12,750 |
Total expenses | 2,826,880 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (625,193) |
Fees waived by transfer agent | |
Institutional 2 Class | (376) |
Institutional 3 Class | (23,884) |
Expense reduction | (826) |
Total net expenses | 2,176,601 |
Net investment income | 14,179,521 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (28,395,361) |
Investments — affiliated issuers | (652) |
Futures contracts | (31,833,168) |
Options purchased | 4,921,873 |
Options contracts written | (7,610,230) |
Net realized loss | (62,917,538) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (44,630,471) |
Investments — affiliated issuers | 3,848 |
Futures contracts | 2,723,617 |
Options purchased | (7,025,242) |
Options contracts written | 8,126,711 |
Net change in unrealized appreciation (depreciation) | (40,801,537) |
Net realized and unrealized loss | (103,719,075) |
Net decrease in net assets resulting from operations | $(89,539,554) |
Columbia Bond Fund | Semiannual Report 2022 | 23 |
Six Months Ended October 31, 2022 (Unaudited) | Year Ended April 30, 2022 | |
Operations | ||
Net investment income | $14,179,521 | $20,201,870 |
Net realized loss | (62,917,538) | (35,518,353) |
Net change in unrealized appreciation (depreciation) | (40,801,537) | (97,265,103) |
Net decrease in net assets resulting from operations | (89,539,554) | (112,581,586) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (976,654) | (1,343,503) |
Advisor Class | (42,856) | (51,463) |
Class C | (36,390) | (42,853) |
Institutional Class | (890,855) | (1,380,038) |
Institutional 2 Class | (157,412) | (239,345) |
Institutional 3 Class | (11,247,955) | (16,563,854) |
Class R | (3,411) | (9,374) |
Class V | (76,402) | (107,146) |
Total distributions to shareholders | (13,431,935) | (19,737,576) |
Increase (decrease) in net assets from capital stock activity | (52,981,084) | 19,410,835 |
Total decrease in net assets | (155,952,573) | (112,908,327) |
Net assets at beginning of period | 1,021,138,690 | 1,134,047,017 |
Net assets at end of period | $865,186,117 | $1,021,138,690 |
24 | Columbia Bond Fund | Semiannual Report 2022 |
Six Months Ended | Year Ended | |||
October 31, 2022 (Unaudited) | April 30, 2022 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 219,566 | 6,685,497 | 514,592 | 18,041,620 |
Distributions reinvested | 28,136 | 839,143 | 33,550 | 1,162,376 |
Redemptions | (300,557) | (9,079,982) | (775,565) | (26,774,023) |
Net decrease | (52,855) | (1,555,342) | (227,423) | (7,570,027) |
Advisor Class | ||||
Subscriptions | 1,329 | 39,943 | 99,979 | 3,516,270 |
Distributions reinvested | 1,429 | 42,737 | 1,494 | 51,300 |
Redemptions | (46,475) | (1,344,076) | (50,685) | (1,764,363) |
Net increase (decrease) | (43,717) | (1,261,396) | 50,788 | 1,803,207 |
Class C | ||||
Subscriptions | 6,300 | 188,883 | 40,771 | 1,428,310 |
Distributions reinvested | 1,130 | 33,532 | 1,149 | 39,800 |
Redemptions | (33,012) | (1,012,921) | (102,150) | (3,537,125) |
Net decrease | (25,582) | (790,506) | (60,230) | (2,069,015) |
Institutional Class | ||||
Subscriptions | 270,930 | 8,226,076 | 874,794 | 30,582,605 |
Distributions reinvested | 26,632 | 795,516 | 35,702 | 1,234,732 |
Redemptions | (650,211) | (19,829,165) | (755,624) | (26,037,919) |
Net increase (decrease) | (352,649) | (10,807,573) | 154,872 | 5,779,418 |
Institutional 2 Class | ||||
Subscriptions | 40,994 | 1,253,889 | 255,038 | 8,966,455 |
Distributions reinvested | 5,282 | 157,412 | 6,934 | 239,285 |
Redemptions | (74,715) | (2,271,251) | (161,269) | (5,513,463) |
Net increase (decrease) | (28,439) | (859,950) | 100,703 | 3,692,277 |
Institutional 3 Class | ||||
Subscriptions | 360,025 | 10,863,397 | 3,064,643 | 107,828,340 |
Distributions reinvested | 233,014 | 6,978,169 | 295,435 | 10,247,690 |
Redemptions | (1,812,039) | (55,296,033) | (2,860,357) | (98,964,763) |
Net increase (decrease) | (1,219,000) | (37,454,467) | 499,721 | 19,111,267 |
Class R | ||||
Subscriptions | 1,314 | 40,018 | 4,102 | 144,331 |
Distributions reinvested | 113 | 3,355 | 260 | 9,131 |
Redemptions | (2,108) | (63,846) | (25,317) | (889,864) |
Net decrease | (681) | (20,473) | (20,955) | (736,402) |
Class V | ||||
Subscriptions | 229 | 6,853 | 585 | 20,248 |
Distributions reinvested | 1,807 | 53,835 | 2,229 | 77,103 |
Redemptions | (9,591) | (292,065) | (19,809) | (697,241) |
Net decrease | (7,555) | (231,377) | (16,995) | (599,890) |
Total net increase (decrease) | (1,730,478) | (52,981,084) | 480,481 | 19,410,835 |
Columbia Bond 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 | |
Class A(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $31.39 | 0.40 | (3.32) | (2.92) | (0.38) | — | (0.38) |
Year Ended 4/30/2022 | $35.38 | 0.50 | (4.00) | (3.50) | (0.49) | — | (0.49) |
Year Ended 4/30/2021 | $34.88 | 0.69 | 1.39 | 2.08 | (0.72) | (0.86) | (1.58) |
Year Ended 4/30/2020 | $33.84 | 0.88 | 1.48 | 2.36 | (0.88) | (0.44) | (1.32) |
Year Ended 4/30/2019 | $33.13 | 0.92 | 0.67 | 1.59 | (0.88) | — | (0.88) |
Year Ended 4/30/2018 | $33.87 | 0.64 | (0.74) | (0.10) | (0.60) | (0.04) | (0.64) |
Advisor Class(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $31.34 | 0.44 | (3.31) | (2.87) | (0.42) | — | (0.42) |
Year Ended 4/30/2022 | $35.33 | 0.58 | (4.00) | (3.42) | (0.57) | — | (0.57) |
Year Ended 4/30/2021 | $34.83 | 0.79 | 1.38 | 2.17 | (0.81) | (0.86) | (1.67) |
Year Ended 4/30/2020 | $33.80 | 0.96 | 1.47 | 2.43 | (0.96) | (0.44) | (1.40) |
Year Ended 4/30/2019 | $33.09 | 1.00 | 0.71 | 1.71 | (1.00) | — | (1.00) |
Year Ended 4/30/2018 | $33.85 | 0.72 | (0.72) | 0.00(g) | (0.72) | (0.04) | (0.76) |
Class C(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $31.34 | 0.28 | (3.31) | (3.03) | (0.26) | — | (0.26) |
Year Ended 4/30/2022 | $35.33 | 0.24 | (4.01) | (3.77) | (0.22) | — | (0.22) |
Year Ended 4/30/2021 | $34.83 | 0.43 | 1.38 | 1.81 | (0.45) | (0.86) | (1.31) |
Year Ended 4/30/2020 | $33.79 | 0.60 | 1.52 | 2.12 | (0.64) | (0.44) | (1.08) |
Year Ended 4/30/2019 | $33.08 | 0.64 | 0.71 | 1.35 | (0.64) | — | (0.64) |
Year Ended 4/30/2018 | $33.84 | 0.36 | (0.72) | (0.36) | (0.36) | (0.04) | (0.40) |
Institutional Class(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $31.38 | 0.44 | (3.32) | (2.88) | (0.42) | — | (0.42) |
Year Ended 4/30/2022 | $35.37 | 0.59 | (4.01) | (3.42) | (0.57) | — | (0.57) |
Year Ended 4/30/2021 | $34.88 | 0.78 | 1.38 | 2.16 | (0.81) | (0.86) | (1.67) |
Year Ended 4/30/2020 | $33.83 | 0.96 | 1.49 | 2.45 | (0.96) | (0.44) | (1.40) |
Year Ended 4/30/2019 | $33.13 | 1.00 | 0.70 | 1.70 | (1.00) | — | (1.00) |
Year Ended 4/30/2018 | $33.87 | 0.60 | (0.58) | 0.02 | (0.72) | (0.04) | (0.76) |
Institutional 2 Class(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $31.30 | 0.45 | (3.31) | (2.86) | (0.43) | — | (0.43) |
Year Ended 4/30/2022 | $35.28 | 0.61 | (3.99) | (3.38) | (0.60) | — | (0.60) |
Year Ended 4/30/2021 | $34.78 | 0.80 | 1.39 | 2.19 | (0.83) | (0.86) | (1.69) |
Year Ended 4/30/2020 | $33.74 | 1.00 | 1.48 | 2.48 | (1.00) | (0.44) | (1.44) |
Year Ended 4/30/2019 | $33.02 | 1.04 | 0.68 | 1.72 | (1.00) | — | (1.00) |
Year Ended 4/30/2018 | $33.78 | 0.76 | (0.76) | 0.00(g) | (0.72) | (0.04) | (0.76) |
26 | Columbia 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(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.09 | (9.37%) | 0.91%(d),(e) | 0.77%(d),(e),(f) | 2.61%(d) | 125% | $71,265 |
Year Ended 4/30/2022 | $31.39 | (10.02%) | 0.90%(e) | 0.77%(e),(f) | 1.44% | 224% | $81,291 |
Year Ended 4/30/2021 | $35.38 | 5.96% | 0.91%(e) | 0.77%(e),(f) | 1.92% | 227% | $99,681 |
Year Ended 4/30/2020 | $34.88 | 7.05% | 0.97% | 0.80%(f) | 2.50% | 229% | $75,375 |
Year Ended 4/30/2019 | $33.84 | 4.98% | 1.01% | 0.83%(f) | 2.73% | 236% | $49,696 |
Year Ended 4/30/2018 | $33.13 | (0.33%) | 1.00% | 0.86%(f) | 1.84% | 257% | $50,845 |
Advisor Class(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.05 | (9.24%) | 0.66%(d),(e) | 0.52%(d),(e),(f) | 2.84%(d) | 125% | $1,884 |
Year Ended 4/30/2022 | $31.34 | (9.81%) | 0.65%(e) | 0.52%(e),(f) | 1.70% | 224% | $3,475 |
Year Ended 4/30/2021 | $35.33 | 6.20% | 0.66%(e) | 0.52%(e),(f) | 2.19% | 227% | $2,123 |
Year Ended 4/30/2020 | $34.83 | 7.32% | 0.71% | 0.55%(f) | 2.74% | 229% | $1,676 |
Year Ended 4/30/2019 | $33.80 | 5.24% | 0.76% | 0.58%(f) | 3.03% | 236% | $738 |
Year Ended 4/30/2018 | $33.09 | (0.08%) | 0.75% | 0.61%(f) | 2.09% | 257% | $497 |
Class C(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.05 | (9.69%) | 1.66%(d),(e) | 1.52%(d),(e),(f) | 1.84%(d) | 125% | $3,690 |
Year Ended 4/30/2022 | $31.34 | (10.71%) | 1.65%(e) | 1.52%(e),(f) | 0.69% | 224% | $4,925 |
Year Ended 4/30/2021 | $35.33 | 5.15% | 1.66%(e) | 1.52%(e),(f) | 1.19% | 227% | $7,680 |
Year Ended 4/30/2020 | $34.83 | 6.26% | 1.72% | 1.55%(f) | 1.74% | 229% | $8,519 |
Year Ended 4/30/2019 | $33.79 | 4.20% | 1.76% | 1.59%(f) | 1.96% | 236% | $4,058 |
Year Ended 4/30/2018 | $33.08 | (1.08%) | 1.75% | 1.61%(f) | 1.04% | 257% | $6,001 |
Institutional Class(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.08 | (9.26%) | 0.66%(d),(e) | 0.52%(d),(e),(f) | 2.85%(d) | 125% | $58,389 |
Year Ended 4/30/2022 | $31.38 | (9.80%) | 0.65%(e) | 0.52%(e),(f) | 1.69% | 224% | $76,311 |
Year Ended 4/30/2021 | $35.37 | 6.19% | 0.66%(e) | 0.52%(e),(f) | 2.18% | 227% | $80,542 |
Year Ended 4/30/2020 | $34.88 | 7.32% | 0.72% | 0.55%(f) | 2.76% | 229% | $68,640 |
Year Ended 4/30/2019 | $33.83 | 5.24% | 0.76% | 0.58%(f) | 2.97% | 236% | $51,185 |
Year Ended 4/30/2018 | $33.13 | (0.08%) | 0.74% | 0.61%(f) | 1.74% | 257% | $56,556 |
Institutional 2 Class(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.01 | (9.22%) | 0.59%(d),(e) | 0.45%(d),(e) | 2.92%(d) | 125% | $10,010 |
Year Ended 4/30/2022 | $31.30 | (9.74%) | 0.58%(e) | 0.45%(e) | 1.76% | 224% | $12,075 |
Year Ended 4/30/2021 | $35.28 | 6.24% | 0.60%(e) | 0.45%(e) | 2.23% | 227% | $10,058 |
Year Ended 4/30/2020 | $34.78 | 7.55% | 0.62% | 0.46% | 2.83% | 229% | $6,038 |
Year Ended 4/30/2019 | $33.74 | 5.24% | 0.64% | 0.47% | 3.20% | 236% | $3,687 |
Year Ended 4/30/2018 | $33.02 | 0.13% | 0.64% | 0.51% | 2.20% | 257% | $864 |
Columbia Bond Fund | Semiannual Report 2022 | 27 |
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 10/31/2022 (Unaudited) | $31.45 | 0.46 | (3.32) | (2.86) | (0.44) | — | (0.44) |
Year Ended 4/30/2022 | $35.45 | 0.63 | (4.01) | (3.38) | (0.62) | — | (0.62) |
Year Ended 4/30/2021 | $34.95 | 0.79 | 1.42 | 2.21 | (0.85) | (0.86) | (1.71) |
Year Ended 4/30/2020 | $33.90 | 1.00 | 1.53 | 2.53 | (1.04) | (0.44) | (1.48) |
Year Ended 4/30/2019 | $33.19 | 1.04 | 0.71 | 1.75 | (1.04) | — | (1.04) |
Year Ended 4/30/2018 | $33.93 | 0.84 | (0.78) | 0.06 | (0.76) | (0.04) | (0.80) |
Class R(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $31.38 | 0.36 | (3.32) | (2.96) | (0.34) | — | (0.34) |
Year Ended 4/30/2022 | $35.38 | 0.41 | (4.01) | (3.60) | (0.40) | — | (0.40) |
Year Ended 4/30/2021 | $34.88 | 0.61 | 1.38 | 1.99 | (0.63) | (0.86) | (1.49) |
Year Ended 4/30/2020 | $33.83 | 0.80 | 1.49 | 2.29 | (0.80) | (0.44) | (1.24) |
Year Ended 4/30/2019 | $33.12 | 0.84 | 0.67 | 1.51 | (0.80) | — | (0.80) |
Year Ended 4/30/2018 | $33.88 | 0.52 | (0.72) | (0.20) | (0.52) | (0.04) | (0.56) |
Class V(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $31.33 | 0.42 | (3.33) | (2.91) | (0.39) | — | (0.39) |
Year Ended 4/30/2022 | $35.31 | 0.53 | (3.99) | (3.46) | (0.52) | — | (0.52) |
Year Ended 4/30/2021 | $34.82 | 0.73 | 1.37 | 2.10 | (0.75) | (0.86) | (1.61) |
Year Ended 4/30/2020 | $33.78 | 0.92 | 1.48 | 2.40 | (0.92) | (0.44) | (1.36) |
Year Ended 4/30/2019 | $33.07 | 0.92 | 0.71 | 1.63 | (0.92) | — | (0.92) |
Year Ended 4/30/2018 | $33.82 | 0.64 | (0.71) | (0.07) | (0.64) | (0.04) | (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 interest on collateral expense which is less than 0.01%. |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(g) | Rounds to zero. |
28 | Columbia 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(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.15 | (9.18%) | 0.54%(d),(e) | 0.40%(d),(e) | 2.98%(d) | 125% | $714,284 |
Year Ended 4/30/2022 | $31.45 | (9.70%) | 0.53%(e) | 0.40%(e) | 1.81% | 224% | $836,474 |
Year Ended 4/30/2021 | $35.45 | 6.31% | 0.55%(e) | 0.40%(e) | 2.22% | 227% | $925,195 |
Year Ended 4/30/2020 | $34.95 | 7.47% | 0.57% | 0.40% | 2.91% | 229% | $265,665 |
Year Ended 4/30/2019 | $33.90 | 5.41% | 0.58% | 0.42% | 3.14% | 236% | $257,417 |
Year Ended 4/30/2018 | $33.19 | 0.19% | 0.59% | 0.46% | 2.46% | 257% | $284,876 |
Class R(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.08 | (9.48%) | 1.16%(d),(e) | 1.02%(d),(e),(f) | 2.36%(d) | 125% | $287 |
Year Ended 4/30/2022 | $31.38 | (10.28%) | 1.14%(e) | 1.02%(e),(f) | 1.18% | 224% | $342 |
Year Ended 4/30/2021 | $35.38 | 5.70% | 1.16%(e) | 1.02%(e),(f) | 1.69% | 227% | $1,127 |
Year Ended 4/30/2020 | $34.88 | 6.79% | 1.22% | 1.05%(f) | 2.26% | 229% | $1,225 |
Year Ended 4/30/2019 | $33.83 | 4.71% | 1.26% | 1.08%(f) | 2.51% | 236% | $680 |
Year Ended 4/30/2018 | $33.12 | (0.58%) | 1.25% | 1.11%(f) | 1.54% | 257% | $550 |
Class V(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.03 | (9.34%) | 0.81%(d),(e) | 0.67%(d),(e),(f) | 2.71%(d) | 125% | $5,377 |
Year Ended 4/30/2022 | $31.33 | (9.93%) | 0.80%(e) | 0.67%(e),(f) | 1.54% | 224% | $6,246 |
Year Ended 4/30/2021 | $35.31 | 6.10% | 0.81%(e) | 0.67%(e),(f) | 2.04% | 227% | $7,640 |
Year Ended 4/30/2020 | $34.82 | 7.17% | 0.87% | 0.70%(f) | 2.62% | 229% | $8,145 |
Year Ended 4/30/2019 | $33.78 | 4.96% | 0.91% | 0.73%(f) | 2.83% | 236% | $8,242 |
Year Ended 4/30/2018 | $33.07 | (0.23%) | 0.90% | 0.76%(f) | 1.92% | 257% | $8,934 |
Columbia Bond Fund | Semiannual Report 2022 | 29 |
October 31, 2022 (Unaudited)
30 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Bond Fund | Semiannual Report 2022 | 31 |
October 31, 2022 (Unaudited)
32 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Bond Fund | Semiannual Report 2022 | 33 |
October 31, 2022 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Investments, at value — Options purchased | 95,456 |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 18,020,417* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | ||||
Risk exposure category | Futures contracts ($) | Options contracts written ($) | Options contracts purchased ($) | Total ($) |
Interest rate risk | (31,833,168) | (7,610,230) | 4,921,873 | (34,521,525) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||
Risk exposure category | Futures contracts ($) | Options contracts written ($) | Options contracts purchased ($) | Total ($) |
Interest rate risk | 2,723,617 | 8,126,711 | (7,025,242) | 3,825,086 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 294,631,907 |
Futures contracts — short | 29,114,001 |
Derivative instrument | Average value ($) |
Options contracts — purchased | 494,326* |
Options contracts — written | (1,953,861)** |
* | Based on the ending quarterly outstanding amounts for the six months ended October 31, 2022. |
** | Based on the ending daily outstanding amounts for the six months ended October 31, 2022. |
34 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Bond Fund | Semiannual Report 2022 | 35 |
October 31, 2022 (Unaudited)
Citi ($) | |
Assets | |
Options purchased calls | 95,456 |
Total financial and derivative net assets | 95,456 |
Total collateral received (pledged) (a) | 95,456 |
Net amount (b) | - |
(a) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(b) | Represents the net amount due from/(to) counterparties in the event of default. |
36 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Bond Fund | Semiannual Report 2022 | 37 |
October 31, 2022 (Unaudited)
Effective rate (%) | |
Class A | 0.13 |
Advisor Class | 0.13 |
Class C | 0.13 |
Institutional Class | 0.13 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Class R | 0.13 |
Class V | 0.13 |
38 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 4.75 | 0.50 - 1.00(a) | 16,451 |
Class C | — | 1.00(b) | 567 |
Class V | 4.75 | 0.50 - 1.00(a) | 11 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Columbia Bond Fund | Semiannual Report 2022 | 39 |
October 31, 2022 (Unaudited)
Fee rate(s) contractual through August 31, 2023 | |
Class A | 0.77% |
Advisor Class | 0.52 |
Class C | 1.52 |
Institutional Class | 0.52 |
Institutional 2 Class | 0.45 |
Institutional 3 Class | 0.40 |
Class R | 1.02 |
Class V | 0.67 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
1,165,304,000 | 2,596,000 | (127,930,000) | (125,334,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(33,282,749) | (31,574,295) | (64,857,044) |
40 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 2,800,000 | 3.57 | 1 |
Columbia Bond Fund | Semiannual Report 2022 | 41 |
October 31, 2022 (Unaudited)
42 | Columbia Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Bond Fund | Semiannual Report 2022 | 43 |
October 31, 2022 (Unaudited)
44 | Columbia Bond Fund | Semiannual Report 2022 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
Columbia Bond Fund | Semiannual Report 2022 | 45 |
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
46 | Columbia Bond Fund | Semiannual Report 2022 |
(Unaudited)
Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund
Columbia Bond Fund | Semiannual Report 2022 | 47 |
(Unaudited)
On June 23, 2022, the Board, including all of the Independent Trustees, determined that fees payable under the Management Agreement were fair and reasonable in light of the extent and quality of services provided and approved the renewal of the Management Agreement.
48 | Columbia Bond Fund | Semiannual Report 2022 |
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/imgd2c500492.jpg)
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/img04e342b71.jpg)
October 31, 2022 (Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/imgf19216442.jpg)
(Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/img4110b88e3.jpg)
Average annual total returns (%) (for the period ended October 31, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 07/25/86 | -0.80 | -8.95 | 5.02 | 9.69 |
Including sales charges | -6.51 | -14.19 | 3.78 | 9.04 | ||
Advisor Class* | 11/08/12 | -0.69 | -8.74 | 5.27 | 9.97 | |
Class C | Excluding sales charges | 01/15/96 | -1.20 | -9.66 | 4.22 | 8.86 |
Including sales charges | -2.09 | -10.37 | 4.22 | 8.86 | ||
Institutional Class | 07/31/95 | -0.69 | -8.74 | 5.27 | 9.96 | |
Institutional 2 Class* | 11/08/12 | -0.67 | -8.66 | 5.40 | 10.11 | |
Institutional 3 Class | 07/15/09 | -0.62 | -8.60 | 5.45 | 10.16 | |
Class R | 09/27/10 | -0.96 | -9.21 | 4.74 | 9.41 | |
Russell 2000 Value Index | -1.35 | -10.73 | 5.31 | 9.37 |
* | 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 Small Cap Value Fund I | Semiannual Report 2022 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2022) | |
Common Stocks | 98.7 |
Exchange-Traded Equity Funds | 0.4 |
Money Market Funds | 0.9 |
Total | 100.0 |
Equity sector breakdown (%) (at October 31, 2022) | |
Communication Services | 1.6 |
Consumer Discretionary | 12.0 |
Consumer Staples | 2.2 |
Energy | 5.6 |
Financials | 24.6 |
Health Care | 9.3 |
Industrials | 16.7 |
Information Technology | 12.5 |
Materials | 7.9 |
Real Estate | 6.8 |
Utilities | 0.8 |
Total | 100.0 |
4 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
(Unaudited)
May 1, 2022 — October 31, 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 | 992.00 | 1,019.06 | 6.26 | 6.34 | 1.24 |
Advisor Class | 1,000.00 | 1,000.00 | 993.10 | 1,020.32 | 5.00 | 5.07 | 0.99 |
Class C | 1,000.00 | 1,000.00 | 988.00 | 1,015.26 | 10.03 | 10.16 | 1.99 |
Institutional Class | 1,000.00 | 1,000.00 | 993.10 | 1,020.32 | 5.00 | 5.07 | 0.99 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 993.30 | 1,020.78 | 4.55 | 4.61 | 0.90 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 993.80 | 1,021.03 | 4.29 | 4.35 | 0.85 |
Class R | 1,000.00 | 1,000.00 | 990.40 | 1,017.79 | 7.52 | 7.62 | 1.49 |
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 5 |
October 31, 2022 (Unaudited)
Common Stocks 98.7% | ||
Issuer | Shares | Value ($) |
Communication Services 1.5% | ||
Entertainment 0.3% | ||
Gaia, Inc.(a),(b) | 691,561 | 1,618,253 |
Playstudios, Inc.(b) | 693,608 | 3,128,172 |
Total | 4,746,425 | |
Media 1.2% | ||
Criteo SA, ADR(b) | 241,530 | 6,159,015 |
Innovid Corp.(b) | 899,660 | 3,364,728 |
Integral Ad Science Holding Corp.(b) | 667,540 | 5,620,687 |
Total | 15,144,430 | |
Total Communication Services | 19,890,855 | |
Consumer Discretionary 11.9% | ||
Auto Components 1.6% | ||
Gentherm, Inc.(b) | 94,688 | 5,531,673 |
Modine Manufacturing Co.(b) | 415,993 | 7,454,595 |
Visteon Corp.(b) | 54,930 | 7,166,717 |
Total | 20,152,985 | |
Distributors 0.1% | ||
Educational Development Corp. | 392,636 | 981,590 |
Diversified Consumer Services 0.6% | ||
American Public Education, Inc.(b) | 174,984 | 2,241,545 |
Stride, Inc.(b) | 160,060 | 5,363,611 |
Total | 7,605,156 | |
Hotels, Restaurants & Leisure 0.3% | ||
PlayAGS, Inc.(b) | 646,673 | 4,345,642 |
Household Durables 3.7% | ||
Cavco Industries, Inc.(b) | 24,707 | 5,600,336 |
Century Communities, Inc. | 127,830 | 5,689,713 |
Ethan Allen Interiors, Inc. | 157,093 | 4,020,010 |
Hamilton Beach Brands Holding Co. | 307,076 | 3,617,355 |
Legacy Housing Corp.(b) | 239,575 | 4,446,512 |
Lifetime Brands, Inc. | 259,615 | 2,223,602 |
Lovesac Co. (The)(b) | 112,413 | 2,736,132 |
Meritage Homes Corp.(b) | 113,597 | 8,651,548 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Tri Pointe Homes, Inc.(b) | 390,273 | 6,537,073 |
Universal Electronics, Inc.(b) | 184,217 | 3,759,869 |
Total | 47,282,150 | |
Internet & Direct Marketing Retail 0.8% | ||
1-800-Flowers.com, Inc., Class A(b) | 344,714 | 2,512,965 |
Overstock.com, Inc.(b) | 169,320 | 3,936,690 |
Redbubble Ltd.(b) | 5,220,560 | 1,714,543 |
ThredUp, Inc., Class A(b) | 1,842,147 | 2,265,841 |
Total | 10,430,039 | |
Leisure Products 0.6% | ||
Latham Group, Inc.(b) | 640,820 | 2,832,424 |
Malibu Boats, Inc., Class A(b) | 102,122 | 5,402,254 |
Total | 8,234,678 | |
Multiline Retail 0.2% | ||
Big Lots, Inc. | 138,632 | 2,615,986 |
Specialty Retail 1.3% | ||
American Eagle Outfitters, Inc. | 435,350 | 4,945,576 |
Brilliant Earth Group, Inc., Class A(b) | 415,090 | 3,324,871 |
Urban Outfitters, Inc.(b) | 346,290 | 8,262,479 |
Total | 16,532,926 | |
Textiles, Apparel & Luxury Goods 2.7% | ||
Allbirds, Inc., Class A(b) | 1,160,654 | 3,992,650 |
Canada Goose Holdings, Inc.(b) | 363,840 | 5,952,422 |
Culp, Inc. | 381,560 | 1,915,431 |
Fossil Group, Inc.(b) | 1,033,487 | 4,392,320 |
Kontoor Brands, Inc. | 144,100 | 5,144,370 |
Movado Group, Inc. | 154,302 | 5,102,767 |
Steven Madden Ltd. | 273,770 | 8,177,510 |
Total | 34,677,470 | |
Total Consumer Discretionary | 152,858,622 | |
Consumer Staples 2.2% | ||
Beverages 0.5% | ||
Boston Beer Co., Inc. (The), Class A(b) | 18,440 | 6,883,468 |
Food & Staples Retailing 0.6% | ||
Andersons, Inc. (The) | 204,025 | 7,195,962 |
6 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Food Products 0.5% | ||
Fresh Del Monte Produce, Inc. | 237,754 | 6,200,624 |
Household Products 0.2% | ||
Oil-Dri Corp of America | 93,309 | 2,755,415 |
Personal Products 0.4% | ||
Honest Co., Inc. (The)(b) | 1,402,736 | 4,643,056 |
Total Consumer Staples | 27,678,525 | |
Energy 5.5% | ||
Energy Equipment & Services 2.8% | ||
ChampionX Corp. | 502,280 | 14,375,254 |
Expro Group Holdings NV(b) | 399,122 | 7,555,379 |
Natural Gas Services Group, Inc.(b) | 353,148 | 4,061,202 |
Newpark Resources, Inc.(b) | 1,559,504 | 5,707,785 |
Pason Systems, Inc. | 349,403 | 3,711,133 |
Profire Energy, Inc.(b) | 1,386,126 | 1,278,008 |
Total | 36,688,761 | |
Oil, Gas & Consumable Fuels 2.7% | ||
CVR Energy, Inc. | 222,300 | 8,683,038 |
Equitrans Midstream Corp. | 1,467,280 | 12,354,498 |
Talos Energy, Inc.(b) | 331,180 | 7,047,510 |
W&T Offshore, Inc.(b) | 855,751 | 6,495,150 |
Total | 34,580,196 | |
Total Energy | 71,268,957 | |
Financials 24.3% | ||
Banks 14.6% | ||
Ameris Bancorp | 219,524 | 11,307,681 |
Bank of Marin Bancorp | 134,745 | 4,864,295 |
BankUnited, Inc. | 335,156 | 12,048,858 |
Banner Corp. | 161,101 | 12,042,300 |
Brookline Bancorp, Inc. | 514,830 | 7,078,912 |
Capital Bancorp, Inc. | 206,130 | 5,087,288 |
Capital City Bank Group, Inc. | 101,747 | 3,603,879 |
Central Pacific Financial Corp. | 194,781 | 3,996,906 |
Central Valley Community Bancorp | 167,990 | 3,124,614 |
Community Trust Bancorp, Inc. | 137,456 | 6,500,294 |
First BanCorp | 794,316 | 12,542,250 |
First BanCorp | 164,818 | 7,345,938 |
First Community Corp. | 204,486 | 3,858,651 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
First Financial Corp. | 110,830 | 5,374,147 |
Hilltop Holdings, Inc. | 336,650 | 9,746,017 |
HomeStreet, Inc. | 126,207 | 3,276,334 |
Northrim BanCorp, Inc. | 148,076 | 7,215,743 |
OFG Bancorp | 285,511 | 7,960,047 |
Plumas Bancorp | 104,291 | 3,452,032 |
Popular, Inc. | 132,484 | 9,369,268 |
Riverview Bancorp, Inc. | 435,355 | 2,934,293 |
Sierra Bancorp | 177,497 | 3,913,809 |
Southern First Bancshares, Inc.(b) | 123,415 | 5,514,182 |
Towne Bank | 322,424 | 10,620,647 |
UMB Financial Corp. | 163,966 | 13,645,251 |
Washington Federal, Inc. | 295,890 | 11,450,943 |
Total | 187,874,579 | |
Capital Markets 0.7% | ||
StoneX Group, Inc.(b) | 94,319 | 8,801,849 |
Consumer Finance 0.7% | ||
Ezcorp, Inc., Class A(b) | 480,365 | 4,640,326 |
PROG Holdings, Inc.(b) | 243,043 | 4,015,070 |
Total | 8,655,396 | |
Diversified Financial Services 0.3% | ||
Alerus Financial Corp. | 154,532 | 3,446,064 |
Insurance 4.0% | ||
American Equity Investment Life Holding Co. | 259,532 | 11,180,639 |
Argo Group International Holdings Ltd. | 239,850 | 5,965,069 |
Employers Holdings, Inc. | 124,944 | 5,448,808 |
Global Indemnity Group LLC | 216,203 | 5,225,626 |
Horace Mann Educators Corp. | 130,581 | 5,152,726 |
Mercury General Corp. | 197,360 | 5,723,440 |
National Western Life Group, Inc., Class A | 32,976 | 6,529,908 |
ProAssurance Corp. | 305,934 | 6,794,794 |
Total | 52,021,010 | |
Thrifts & Mortgage Finance 4.0% | ||
Essent Group Ltd. | 264,940 | 10,486,325 |
MGIC Investment Corp. | 740,735 | 10,111,033 |
NMI Holdings, Inc., Class A(b) | 380,617 | 8,346,931 |
Provident Financial Holdings, Inc. | 200,140 | 2,731,911 |
Radian Group, Inc. | 571,260 | 11,922,196 |
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 7 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Territorial Bancorp, Inc. | 169,830 | 3,506,990 |
Western New England Bancorp, Inc. | 528,094 | 4,620,822 |
Total | 51,726,208 | |
Total Financials | 312,525,106 | |
Health Care 9.2% | ||
Biotechnology 4.2% | ||
ACADIA Pharmaceuticals, Inc.(b) | 213,932 | 3,429,330 |
Arcutis Biotherapeutics, Inc.(b) | 102,390 | 1,810,255 |
Atara Biotherapeutics, Inc.(b) | 422,210 | 1,967,499 |
BioCryst Pharmaceuticals, Inc.(b) | 151,780 | 2,026,263 |
Coherus Biosciences, Inc.(b) | 351,697 | 3,059,764 |
Eiger BioPharmaceuticals, Inc.(b) | 154,186 | 787,890 |
Insmed, Inc.(b) | 251,140 | 4,349,745 |
Iovance Biotherapeutics, Inc.(b) | 649,066 | 6,062,276 |
IVERIC bio, Inc.(b) | 115,230 | 2,756,301 |
Natera, Inc.(b) | 139,330 | 6,542,937 |
Replimune Group, Inc.(b) | 132,869 | 2,439,475 |
Sage Therapeutics, Inc.(b) | 224,240 | 8,444,878 |
SpringWorks Therapeutics, Inc.(b) | 85,888 | 2,062,171 |
Travere Therapeutics, Inc.(b) | 81,210 | 1,760,633 |
uniQure NV(b) | 202,740 | 3,775,019 |
Zentalis Pharmaceuticals, Inc.(b) | 109,620 | 2,750,366 |
Total | 54,024,802 | |
Health Care Equipment & Supplies 0.7% | ||
Inogen, Inc.(b) | 237,421 | 5,379,960 |
Zimvie, Inc.(b) | 341,690 | 2,996,621 |
Total | 8,376,581 | |
Health Care Providers & Services 1.6% | ||
Community Health Systems, Inc.(b) | 817,789 | 2,347,055 |
Encompass Health Corp. | 242,730 | 13,214,221 |
Enhabit, Inc.(b) | 367,855 | 4,568,759 |
Total | 20,130,035 | |
Health Care Technology 0.2% | ||
Sharecare, Inc.(b) | 1,405,397 | 2,698,362 |
Life Sciences Tools & Services 0.1% | ||
Codexis, Inc.(b) | 195,502 | 1,098,721 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Pharmaceuticals 2.4% | ||
ANI Pharmaceuticals, Inc.(b) | 124,734 | 4,813,485 |
Perrigo Co. PLC | 287,569 | 11,583,279 |
Satsuma Pharmaceuticals, Inc.(b) | 488,682 | 2,531,373 |
Supernus Pharmaceuticals, Inc.(b) | 252,255 | 8,644,779 |
Taro Pharmaceutical Industries Ltd.(b) | 129,976 | 3,890,182 |
Total | 31,463,098 | |
Total Health Care | 117,791,599 | |
Industrials 16.4% | ||
Aerospace & Defense 2.9% | ||
Aerojet Rocketdyne Holdings, Inc.(b) | 184,616 | 8,944,645 |
Curtiss-Wright Corp. | 52,270 | 8,772,474 |
Maxar Technologies, Inc. | 434,590 | 9,708,741 |
Moog, Inc., Class A | 113,540 | 9,622,515 |
Total | 37,048,375 | |
Air Freight & Logistics 0.2% | ||
Radiant Logistics, Inc.(b) | 405,631 | 2,462,180 |
Airlines 0.7% | ||
JetBlue Airways Corp.(b) | 1,066,040 | 8,570,962 |
Building Products 1.5% | ||
Caesarstone Ltd. | 368,114 | 3,268,852 |
Resideo Technologies, Inc.(b) | 352,549 | 8,327,208 |
UFP Industries, Inc. | 108,425 | 7,723,113 |
Total | 19,319,173 | |
Commercial Services & Supplies 0.8% | ||
Healthcare Services Group, Inc. | 360,039 | 5,026,145 |
HNI Corp. | 186,760 | 5,414,172 |
Total | 10,440,317 | |
Construction & Engineering 0.6% | ||
MDU Resources Group, Inc. | 286,040 | 8,146,419 |
Electrical Equipment 2.0% | ||
AZZ, Inc. | 189,060 | 7,600,212 |
Encore Wire Corp. | 76,831 | 10,571,177 |
Shoals Technologies Group, Inc., Class A(b) | 153,573 | 3,549,072 |
Thermon(b) | 252,230 | 4,479,605 |
Total | 26,200,066 |
8 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Machinery 3.6% | ||
CIRCOR International, Inc.(b) | 156,937 | 3,243,888 |
Gorman-Rupp Co. | 136,978 | 3,717,583 |
Greenbrier Companies, Inc. (The) | 166,720 | 5,886,883 |
Hurco Companies, Inc. | 151,475 | 3,506,646 |
John Bean Technologies Corp. | 56,340 | 5,138,208 |
LB Foster Co., Class A(b) | 206,226 | 2,062,260 |
Manitex International, Inc.(b) | 597,282 | 2,723,606 |
Miller Industries, Inc. | 82,300 | 2,092,889 |
Mueller Industries, Inc. | 164,810 | 10,323,698 |
Standex International Corp. | 71,614 | 7,093,367 |
Total | 45,789,028 | |
Marine 1.0% | ||
Costamare, Inc. | 617,000 | 5,824,480 |
Kirby Corp.(b) | 99,531 | 6,942,287 |
Total | 12,766,767 | |
Professional Services 0.9% | ||
Korn/Ferry International | 152,427 | 8,473,417 |
Red Violet, Inc.(b) | 201,480 | 3,513,811 |
Total | 11,987,228 | |
Road & Rail 1.1% | ||
Marten Transport Ltd. | 338,105 | 6,346,231 |
Schneider National, Inc., Class B | 378,818 | 8,424,912 |
Total | 14,771,143 | |
Trading Companies & Distributors 1.1% | ||
H&E Equipment Services, Inc. | 189,878 | 7,169,793 |
Textainer Group Holdings Ltd. | 232,512 | 6,956,759 |
Total | 14,126,552 | |
Total Industrials | 211,628,210 | |
Information Technology 12.4% | ||
Communications Equipment 1.5% | ||
Applied Optoelectronics, Inc.(b) | 855,757 | 2,353,332 |
Casa Systems, Inc.(b) | 882,804 | 2,780,833 |
KVH Industries, Inc.(b) | 212,640 | 2,281,627 |
Netscout Systems, Inc.(b) | 319,384 | 11,472,273 |
Total | 18,888,065 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Electronic Equipment, Instruments & Components 4.2% | ||
Airgain, Inc.(b) | 296,017 | 2,149,083 |
Bel Fuse, Inc., Class B | 164,832 | 5,342,205 |
ePlus, Inc.(b) | 144,560 | 7,042,963 |
FARO Technologies, Inc.(b) | 147,180 | 4,299,128 |
Knowles Corp.(b) | 470,370 | 6,467,588 |
Luna Innovations, Inc.(b) | 487,732 | 2,531,329 |
OSI Systems, Inc.(b) | 92,130 | 7,571,243 |
Powerfleet, Inc.(b) | 1,022,289 | 2,709,066 |
Vishay Intertechnology, Inc. | 594,670 | 12,434,550 |
Vishay Precision Group, Inc.(b) | 113,309 | 3,824,179 |
Total | 54,371,334 | |
IT Services 4.2% | ||
Cass Information Systems, Inc. | 127,322 | 5,446,835 |
DigitalOcean Holdings, Inc.(b) | 176,070 | 6,324,434 |
EVERTEC, Inc. | 235,670 | 8,439,343 |
IBEX Holdings Ltd.(b) | 356,436 | 6,854,264 |
International Money Express, Inc.(b) | 184,048 | 4,974,818 |
Kyndryl Holdings, Inc.(b) | 796,809 | 7,705,143 |
Payoneer Global, Inc.(b) | 933,528 | 7,234,842 |
Shift4 Payments, Inc., Class A(b) | 142,157 | 6,534,957 |
Total | 53,514,636 | |
Semiconductors & Semiconductor Equipment 1.5% | ||
Cohu, Inc.(b) | 243,672 | 8,021,682 |
SMART Global Holdings, Inc.(b) | 325,300 | 4,401,309 |
Synaptics, Inc.(b) | 52,390 | 4,641,754 |
Valens Semiconductor Ltd.(b) | 609,214 | 2,284,553 |
Total | 19,349,298 | |
Software 1.0% | ||
Cerence, Inc.(b) | 223,164 | 3,838,421 |
Cognyte Software Ltd.(b) | 474,914 | 1,291,766 |
Mitek Systems, Inc.(b) | 291,401 | 3,295,745 |
Upland Software, Inc.(b) | 541,183 | 4,351,111 |
Total | 12,777,043 | |
Total Information Technology | 158,900,376 |
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 9 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Materials 7.8% | ||
Chemicals 1.0% | ||
Aspen Aerogels, Inc.(b) | 352,260 | 4,466,657 |
Tronox Holdings PLC, Class A | 680,458 | 8,165,496 |
Total | 12,632,153 | |
Construction Materials 1.7% | ||
Eagle Materials, Inc. | 101,067 | 12,361,505 |
Summit Materials, Inc., Class A(b) | 370,007 | 9,749,684 |
Total | 22,111,189 | |
Containers & Packaging 0.6% | ||
Greif, Inc., Class A | 113,739 | 7,530,659 |
Metals & Mining 3.3% | ||
Ampco-Pittsburgh Corp.(b) | 621,644 | 1,896,014 |
Capstone Copper Corp.(b) | 1,960,351 | 4,547,076 |
Centerra Gold, Inc. | 943,400 | 4,383,398 |
Commercial Metals Co. | 324,671 | 14,772,531 |
Copper Mountain Mining Corp.(b) | 744,797 | 1,000,461 |
ERO Copper Corp.(b) | 329,584 | 3,752,228 |
Ferroglobe PLC(b) | 544,947 | 3,177,041 |
Olympic Steel, Inc. | 143,737 | 3,911,084 |
Torex Gold Resources, Inc.(b) | 436,186 | 2,971,194 |
Universal Stainless & Alloy Products, Inc.(b) | 314,706 | 2,313,089 |
Total | 42,724,116 | |
Paper & Forest Products 1.2% | ||
Clearwater Paper Corp.(b) | 95,753 | 4,259,093 |
Glatfelter Corp. | 454,202 | 1,285,392 |
Louisiana-Pacific Corp. | 180,120 | 10,203,798 |
Total | 15,748,283 | |
Total Materials | 100,746,400 | |
Real Estate 6.7% | ||
Equity Real Estate Investment Trusts (REITS) 6.4% | ||
American Assets Trust, Inc. | 242,870 | 6,674,068 |
Highwoods Properties, Inc. | 279,810 | 7,899,036 |
Hudson Pacific Properties, Inc. | 459,290 | 5,070,562 |
Macerich Co. (The) | 768,760 | 8,556,299 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Outfront Media, Inc. | 501,210 | 9,046,840 |
Park Hotels & Resorts, Inc. | 408,160 | 5,338,733 |
Pebblebrook Hotel Trust | 487,751 | 7,823,526 |
PotlatchDeltic Corp. | 241,953 | 10,764,489 |
RLJ Lodging Trust | 816,831 | 9,940,833 |
Sunstone Hotel Investors, Inc. | 946,922 | 10,558,180 |
Total | 81,672,566 | |
Real Estate Management & Development 0.3% | ||
Forestar Group, Inc.(b) | 359,784 | 4,166,299 |
Total Real Estate | 85,838,865 | |
Utilities 0.8% | ||
Gas Utilities 0.8% | ||
National Fuel Gas Co. | 94,070 | 6,348,785 |
RGC Resources, Inc. | 176,989 | 3,796,414 |
Total | 10,145,199 | |
Total Utilities | 10,145,199 | |
Total Common Stocks (Cost $1,056,976,811) | 1,269,272,714 | |
Exchange-Traded Equity Funds 0.4% | ||
Shares | Value ($) | |
U.S. Small Cap 0.4% | ||
iShares Russell 2000 Value ETF | 31,570 | 4,587,752 |
Total Exchange-Traded Equity Funds (Cost $4,180,307) | 4,587,752 | |
Money Market Funds 0.9% | ||
Columbia Short-Term Cash Fund, 3.246%(a),(c) | 12,218,797 | 12,213,909 |
Total Money Market Funds (Cost $12,213,685) | 12,213,909 | |
Total Investments in Securities (Cost: $1,073,370,803) | 1,286,074,375 | |
Other Assets & Liabilities, Net | 455,669 | |
Net Assets | 1,286,530,044 |
10 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
(a) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund.The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 3.246% | ||||||||
4,496,306 | 282,471,547 | (274,754,165) | 221 | 12,213,909 | 195 | 51,827 | 12,218,797 | |
Gaia, Inc.‡,† | ||||||||
— | 1,407,613 | (710,060) | — | — | (451,619) | — | 691,561 | |
Total | 4,496,306 | 221 | 12,213,909 | (451,424) | 51,827 |
‡ | Issuer was not an affiliate at the beginning of period. |
† | Issuer was not an affiliate at the end of period. |
(b) | Non-income producing investment. |
(c) | The rate shown is the seven-day current annualized yield at October 31, 2022. |
ADR | American Depositary Receipt |
■ | 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 Small Cap Value Fund I | Semiannual Report 2022 | 11 |
October 31, 2022 (Unaudited)
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. Representatives of Columbia Management Investment Advisers, LLC report to 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 | ||||
Common Stocks | ||||
Communication Services | 19,890,855 | — | — | 19,890,855 |
Consumer Discretionary | 151,144,079 | 1,714,543 | — | 152,858,622 |
Consumer Staples | 27,678,525 | — | — | 27,678,525 |
Energy | 71,268,957 | — | — | 71,268,957 |
Financials | 312,525,106 | — | — | 312,525,106 |
Health Care | 117,791,599 | — | — | 117,791,599 |
Industrials | 211,628,210 | — | — | 211,628,210 |
Information Technology | 158,900,376 | — | — | 158,900,376 |
Materials | 100,746,400 | — | — | 100,746,400 |
Real Estate | 85,838,865 | — | — | 85,838,865 |
Utilities | 10,145,199 | — | — | 10,145,199 |
Total Common Stocks | 1,267,558,171 | 1,714,543 | — | 1,269,272,714 |
Exchange-Traded Equity Funds | 4,587,752 | — | — | 4,587,752 |
Money Market Funds | 12,213,909 | — | — | 12,213,909 |
Total Investments in Securities | 1,284,359,832 | 1,714,543 | — | 1,286,074,375 |
12 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,061,157,118) | $1,273,860,466 |
Affiliated issuers (cost $12,213,685) | 12,213,909 |
Receivable for: | |
Investments sold | 5,574,423 |
Capital shares sold | 1,944,938 |
Dividends | 403,607 |
Prepaid expenses | 11,109 |
Trustees’ deferred compensation plan | 320,738 |
Other assets | 23,399 |
Total assets | 1,294,352,589 |
Liabilities | |
Due to custodian | 486 |
Payable for: | |
Investments purchased | 6,440,114 |
Capital shares purchased | 754,313 |
Management services fees | 85,416 |
Distribution and/or service fees | 5,507 |
Transfer agent fees | 170,049 |
Compensation of board members | 17,189 |
Compensation of chief compliance officer | 109 |
Other expenses | 28,624 |
Trustees’ deferred compensation plan | 320,738 |
Total liabilities | 7,822,545 |
Net assets applicable to outstanding capital stock | $1,286,530,044 |
Represented by | |
Paid in capital | 1,086,594,551 |
Total distributable earnings (loss) | 199,935,493 |
Total - representing net assets applicable to outstanding capital stock | $1,286,530,044 |
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 13 |
October 31, 2022 (Unaudited)
Class A | |
Net assets | $238,499,469 |
Shares outstanding | 6,239,286 |
Net asset value per share | $38.23 |
Maximum sales charge | 5.75% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $40.56 |
Advisor Class | |
Net assets | $55,456,267 |
Shares outstanding | 1,207,926 |
Net asset value per share | $45.91 |
Class C | |
Net assets | $6,325,503 |
Shares outstanding | 300,204 |
Net asset value per share | $21.07 |
Institutional Class | |
Net assets | $704,396,624 |
Shares outstanding | 15,939,980 |
Net asset value per share | $44.19 |
Institutional 2 Class | |
Net assets | $111,778,421 |
Shares outstanding | 2,429,775 |
Net asset value per share | $46.00 |
Institutional 3 Class | |
Net assets | $168,122,376 |
Shares outstanding | 3,771,447 |
Net asset value per share | $44.58 |
Class R | |
Net assets | $1,951,384 |
Shares outstanding | 51,456 |
Net asset value per share | $37.92 |
14 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
Six Months Ended October 31, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $10,217,098 |
Dividends — affiliated issuers | 51,827 |
Foreign taxes withheld | (84,802) |
Total income | 10,184,123 |
Expenses: | |
Management services fees | 4,916,137 |
Distribution and/or service fees | |
Class A | 301,309 |
Class C | 32,537 |
Class R | 4,951 |
Transfer agent fees | |
Class A | 175,991 |
Advisor Class | 40,657 |
Class C | 4,756 |
Institutional Class | 457,200 |
Institutional 2 Class | 30,771 |
Institutional 3 Class | 6,027 |
Class R | 1,446 |
Compensation of board members | 13,019 |
Custodian fees | 14,203 |
Printing and postage fees | 54,861 |
Registration fees | 79,604 |
Audit fees | 16,180 |
Legal fees | 13,003 |
Interest on interfund lending | 984 |
Compensation of chief compliance officer | 109 |
Other | 12,537 |
Total expenses | 6,176,282 |
Expense reduction | (2,680) |
Total net expenses | 6,173,602 |
Net investment income | 4,010,521 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 3,990,006 |
Investments — affiliated issuers | (451,424) |
Foreign currency translations | (2,166) |
Net realized gain | 3,536,416 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (4,704,133) |
Investments — affiliated issuers | 221 |
Foreign currency translations | 100 |
Net change in unrealized appreciation (depreciation) | (4,703,812) |
Net realized and unrealized loss | (1,167,396) |
Net increase in net assets resulting from operations | $2,843,125 |
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 15 |
Six Months Ended October 31, 2022 (Unaudited) | Year Ended April 30, 2022 | |
Operations | ||
Net investment income | $4,010,521 | $2,934,562 |
Net realized gain | 3,536,416 | 140,463,201 |
Net change in unrealized appreciation (depreciation) | (4,703,812) | (212,547,027) |
Net increase (decrease) in net assets resulting from operations | 2,843,125 | (69,149,264) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (13,108,565) | (34,661,347) |
Advisor Class | (2,517,919) | (6,688,259) |
Class C | (633,271) | (1,744,634) |
Institutional Class | (24,960,485) | (51,903,589) |
Institutional 2 Class | (4,693,495) | (12,568,941) |
Institutional 3 Class | (7,790,810) | (20,943,537) |
Class R | (110,762) | (329,937) |
Total distributions to shareholders | (53,815,307) | (128,840,244) |
Increase in net assets from capital stock activity | 191,341,780 | 257,119,317 |
Total increase in net assets | 140,369,598 | 59,129,809 |
Net assets at beginning of period | 1,146,160,446 | 1,087,030,637 |
Net assets at end of period | $1,286,530,044 | $1,146,160,446 |
16 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
Six Months Ended | Year Ended | |||
October 31, 2022 (Unaudited) | April 30, 2022 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 229,554 | 8,608,008 | 628,215 | 29,444,739 |
Distributions reinvested | 342,128 | 12,046,324 | 693,929 | 31,789,734 |
Redemptions | (459,051) | (17,307,846) | (1,004,933) | (46,390,939) |
Net increase | 112,631 | 3,346,486 | 317,211 | 14,843,534 |
Advisor Class | ||||
Subscriptions | 231,618 | 10,555,527 | 1,155,300 | 63,891,992 |
Distributions reinvested | 52,432 | 2,215,245 | 108,730 | 5,887,738 |
Redemptions | (283,759) | (12,853,334) | (1,006,847) | (56,195,509) |
Net increase (decrease) | 291 | (82,562) | 257,183 | 13,584,221 |
Class C | ||||
Subscriptions | 21,797 | 458,567 | 90,981 | 2,646,075 |
Distributions reinvested | 30,690 | 597,238 | 62,233 | 1,683,680 |
Redemptions | (58,982) | (1,256,816) | (119,948) | (3,311,185) |
Net increase (decrease) | (6,495) | (201,011) | 33,266 | 1,018,570 |
Institutional Class | ||||
Subscriptions | 6,012,365 | 252,464,963 | 5,939,467 | 306,524,158 |
Distributions reinvested | 504,828 | 20,531,353 | 779,290 | 40,687,924 |
Redemptions | (2,043,305) | (89,140,411) | (3,163,933) | (165,504,371) |
Net increase | 4,473,888 | 183,855,905 | 3,554,824 | 181,707,711 |
Institutional 2 Class | ||||
Subscriptions | 421,895 | 18,648,045 | 645,557 | 35,674,714 |
Distributions reinvested | 110,879 | 4,693,495 | 231,712 | 12,568,941 |
Redemptions | (264,777) | (11,885,914) | (735,537) | (39,935,484) |
Net increase | 267,997 | 11,455,626 | 141,732 | 8,308,171 |
Institutional 3 Class | ||||
Subscriptions | 355,190 | 15,671,254 | 1,330,426 | 70,352,538 |
Distributions reinvested | 132,899 | 5,450,181 | 299,125 | 15,740,695 |
Redemptions | (630,498) | (28,233,827) | (903,984) | (48,368,264) |
Net increase (decrease) | (142,409) | (7,112,392) | 725,567 | 37,724,969 |
Class R | ||||
Subscriptions | 3,190 | 119,389 | 18,879 | 895,719 |
Distributions reinvested | 3,162 | 110,581 | 7,230 | 329,493 |
Redemptions | (4,169) | (150,242) | (28,200) | (1,293,071) |
Net increase (decrease) | 2,183 | 79,728 | (2,091) | (67,859) |
Total net increase | 4,708,086 | 191,341,780 | 5,027,692 | 257,119,317 |
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 17 |
Net asset value, beginning of period | Net investment income (loss) | 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 10/31/2022 (Unaudited) | $40.91 | 0.09 | (0.60) | (0.51) | — | (2.17) | (2.17) |
Year Ended 4/30/2022 | $49.30 | 0.02 | (2.46) | (2.44) | (0.07) | (5.88) | (5.95) |
Year Ended 4/30/2021 | $26.90 | 0.19 | 22.41 | 22.60 | (0.17) | (0.03) | (0.20) |
Year Ended 4/30/2020 | $36.62 | 0.18 | (8.59) | (8.41) | (0.17) | (1.14) | (1.31) |
Year Ended 4/30/2019 | $40.70 | 0.08 | (1.08) | (1.00) | (0.13) | (2.95) | (3.08) |
Year Ended 4/30/2018 | $41.62 | (0.03) | 3.95 | 3.92 | (0.01) | (4.83) | (4.84) |
Advisor Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $48.60 | 0.16 | (0.68) | (0.52) | — | (2.17) | (2.17) |
Year Ended 4/30/2022 | $57.47 | 0.15 | (2.94) | (2.79) | (0.20) | (5.88) | (6.08) |
Year Ended 4/30/2021 | $31.32 | 0.37 | 26.06 | 26.43 | (0.25) | (0.03) | (0.28) |
Year Ended 4/30/2020 | $42.37 | 0.30 | (9.98) | (9.68) | (0.23) | (1.14) | (1.37) |
Year Ended 4/30/2019 | $46.56 | 0.21 | (1.25) | (1.04) | (0.20) | (2.95) | (3.15) |
Year Ended 4/30/2018 | $46.89 | 0.10 | 4.48 | 4.58 | (0.08) | (4.83) | (4.91) |
Class C | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $23.70 | (0.03) | (0.43) | (0.46) | — | (2.17) | (2.17) |
Year Ended 4/30/2022 | $31.15 | (0.20) | (1.37) | (1.57) | — | (5.88) | (5.88) |
Year Ended 4/30/2021 | $17.06 | (0.04) | 14.16 | 14.12 | — | (0.03) | (0.03) |
Year Ended 4/30/2020 | $23.72 | (0.04) | (5.48) | (5.52) | — | (1.14) | (1.14) |
Year Ended 4/30/2019 | $27.55 | (0.16) | (0.72) | (0.88) | — | (2.95) | (2.95) |
Year Ended 4/30/2018 | $29.86 | (0.24) | 2.76 | 2.52 | — | (4.83) | (4.83) |
Institutional Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $46.87 | 0.15 | (0.66) | (0.51) | — | (2.17) | (2.17) |
Year Ended 4/30/2022 | $55.63 | 0.15 | (2.82) | (2.67) | (0.21) | (5.88) | (6.09) |
Year Ended 4/30/2021 | $30.33 | 0.33 | 25.25 | 25.58 | (0.25) | (0.03) | (0.28) |
Year Ended 4/30/2020 | $41.07 | 0.30 | (9.67) | (9.37) | (0.23) | (1.14) | (1.37) |
Year Ended 4/30/2019 | $45.24 | 0.20 | (1.22) | (1.02) | (0.20) | (2.95) | (3.15) |
Year Ended 4/30/2018 | $45.70 | 0.08 | 4.37 | 4.45 | (0.08) | (4.83) | (4.91) |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $48.68 | 0.18 | (0.69) | (0.51) | — | (2.17) | (2.17) |
Year Ended 4/30/2022 | $57.55 | 0.21 | (2.94) | (2.73) | (0.26) | (5.88) | (6.14) |
Year Ended 4/30/2021 | $31.36 | 0.40 | 26.11 | 26.51 | (0.29) | (0.03) | (0.32) |
Year Ended 4/30/2020 | $42.40 | 0.36 | (10.00) | (9.64) | (0.26) | (1.14) | (1.40) |
Year Ended 4/30/2019 | $46.57 | 0.27 | (1.25) | (0.98) | (0.24) | (2.95) | (3.19) |
Year Ended 4/30/2018 | $46.88 | 0.17 | 4.46 | 4.63 | (0.11) | (4.83) | (4.94) |
18 | Columbia Small Cap Value Fund I | 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 (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $38.23 | (0.80%) | 1.24%(c),(d) | 1.24%(c),(d),(e) | 0.46%(c) | 34% | $238,499 |
Year Ended 4/30/2022 | $40.91 | (5.94%) | 1.26%(d) | 1.26%(d),(e) | 0.04% | 58% | $250,665 |
Year Ended 4/30/2021 | $49.30 | 84.29% | 1.33%(d) | 1.31%(d),(e) | 0.53% | 43% | $286,411 |
Year Ended 4/30/2020 | $26.90 | (23.69%) | 1.37%(d),(f) | 1.32%(d),(e),(f) | 0.55% | 60% | $152,006 |
Year Ended 4/30/2019 | $36.62 | (2.38%) | 1.36%(d),(f) | 1.32%(d),(e),(f) | 0.21% | 62% | $234,765 |
Year Ended 4/30/2018 | $40.70 | 10.03% | 1.35%(f) | 1.33%(e),(f) | (0.07%) | 51% | $248,266 |
Advisor Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $45.91 | (0.69%) | 0.99%(c),(d) | 0.99%(c),(d),(e) | 0.71%(c) | 34% | $55,456 |
Year Ended 4/30/2022 | $48.60 | (5.71%) | 1.01%(d) | 1.01%(d),(e) | 0.28% | 58% | $58,696 |
Year Ended 4/30/2021 | $57.47 | 84.74% | 1.08%(d) | 1.06%(d),(e) | 0.87% | 43% | $54,621 |
Year Ended 4/30/2020 | $31.32 | (23.49%) | 1.12%(d),(f) | 1.07%(d),(e),(f) | 0.79% | 60% | $19,077 |
Year Ended 4/30/2019 | $42.37 | (2.14%) | 1.12%(d),(f) | 1.07%(d),(e),(f) | 0.48% | 62% | $29,064 |
Year Ended 4/30/2018 | $46.56 | 10.34% | 1.10%(f) | 1.08%(e),(f) | 0.20% | 51% | $11,734 |
Class C | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $21.07 | (1.20%) | 1.99%(c),(d) | 1.99%(c),(d),(e) | (0.29%)(c) | 34% | $6,326 |
Year Ended 4/30/2022 | $23.70 | (6.66%) | 2.01%(d) | 2.01%(d),(e) | (0.71%) | 58% | $7,269 |
Year Ended 4/30/2021 | $31.15 | 82.90% | 2.08%(d) | 2.05%(d),(e) | (0.19%) | 43% | $8,516 |
Year Ended 4/30/2020 | $17.06 | (24.24%) | 2.12%(d),(f) | 2.07%(d),(e),(f) | (0.20%) | 60% | $3,178 |
Year Ended 4/30/2019 | $23.72 | (3.15%) | 2.10%(d),(f) | 2.07%(d),(e),(f) | (0.59%) | 62% | $7,969 |
Year Ended 4/30/2018 | $27.55 | 9.24% | 2.10%(f) | 2.08%(e),(f) | (0.83%) | 51% | $22,792 |
Institutional Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $44.19 | (0.69%) | 0.99%(c),(d) | 0.99%(c),(d),(e) | 0.68%(c) | 34% | $704,397 |
Year Ended 4/30/2022 | $46.87 | (5.70%) | 1.01%(d) | 1.01%(d),(e) | 0.30% | 58% | $537,447 |
Year Ended 4/30/2021 | $55.63 | 84.72% | 1.07%(d) | 1.05%(d),(e) | 0.77% | 43% | $440,126 |
Year Ended 4/30/2020 | $30.33 | (23.48%) | 1.12%(d),(f) | 1.07%(d),(e),(f) | 0.79% | 60% | $106,186 |
Year Ended 4/30/2019 | $41.07 | (2.16%) | 1.11%(d),(f) | 1.07%(d),(e),(f) | 0.47% | 62% | $192,878 |
Year Ended 4/30/2018 | $45.24 | 10.32% | 1.10%(f) | 1.08%(e),(f) | 0.17% | 51% | $209,822 |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $46.00 | (0.67%) | 0.90%(c),(d) | 0.90%(c),(d) | 0.78%(c) | 34% | $111,778 |
Year Ended 4/30/2022 | $48.68 | (5.60%) | 0.91%(d) | 0.91%(d) | 0.39% | 58% | $105,229 |
Year Ended 4/30/2021 | $57.55 | 84.97% | 0.95%(d) | 0.93%(d) | 0.93% | 43% | $116,249 |
Year Ended 4/30/2020 | $31.36 | (23.39%) | 0.98%(d),(f) | 0.94%(d),(f) | 0.96% | 60% | $52,825 |
Year Ended 4/30/2019 | $42.40 | (2.01%) | 0.97%(d),(f) | 0.94%(d),(f) | 0.61% | 62% | $39,831 |
Year Ended 4/30/2018 | $46.57 | 10.45% | 0.97%(f) | 0.96%(f) | 0.35% | 51% | $15,739 |
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 19 |
Net asset value, beginning of period | Net investment income (loss) | 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 10/31/2022 (Unaudited) | $47.23 | 0.19 | (0.67) | (0.48) | — | (2.17) | (2.17) |
Year Ended 4/30/2022 | $56.01 | 0.23 | (2.84) | (2.61) | (0.29) | (5.88) | (6.17) |
Year Ended 4/30/2021 | $30.53 | 0.39 | 25.43 | 25.82 | (0.31) | (0.03) | (0.34) |
Year Ended 4/30/2020 | $41.30 | 0.37 | (9.72) | (9.35) | (0.28) | (1.14) | (1.42) |
Year Ended 4/30/2019 | $45.45 | 0.28 | (1.22) | (0.94) | (0.26) | (2.95) | (3.21) |
Year Ended 4/30/2018 | $45.86 | 0.17 | 4.37 | 4.54 | (0.12) | (4.83) | (4.95) |
Class R | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $40.66 | 0.04 | (0.61) | (0.57) | — | (2.17) | (2.17) |
Year Ended 4/30/2022 | $49.08 | (0.09) | (2.45) | (2.54) | — | (5.88) | (5.88) |
Year Ended 4/30/2021 | $26.79 | 0.11 | 22.30 | 22.41 | (0.09) | (0.03) | (0.12) |
Year Ended 4/30/2020 | $36.50 | 0.10 | (8.56) | (8.46) | (0.11) | (1.14) | (1.25) |
Year Ended 4/30/2019 | $40.61 | (0.01) | (1.09) | (1.10) | (0.06) | (2.95) | (3.01) |
Year Ended 4/30/2018 | $41.63 | (0.13) | 3.94 | 3.81 | — | (4.83) | (4.83) |
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) | 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%. |
20 | Columbia Small Cap Value Fund I | 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 (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $44.58 | (0.62%) | 0.85%(c),(d) | 0.85%(c),(d) | 0.84%(c) | 34% | $168,122 |
Year Ended 4/30/2022 | $47.23 | (5.55%) | 0.86%(d) | 0.86%(d) | 0.44% | 58% | $184,850 |
Year Ended 4/30/2021 | $56.01 | 85.03% | 0.90%(d) | 0.88%(d) | 0.96% | 43% | $178,586 |
Year Ended 4/30/2020 | $30.53 | (23.34%) | 0.93%(d),(f) | 0.89%(d),(f) | 1.01% | 60% | $96,875 |
Year Ended 4/30/2019 | $41.30 | (1.97%) | 0.92%(d),(f) | 0.89%(d),(f) | 0.64% | 62% | $108,132 |
Year Ended 4/30/2018 | $45.45 | 10.50% | 0.93%(f) | 0.91%(f) | 0.37% | 51% | $115,296 |
Class R | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $37.92 | (0.96%) | 1.49%(c),(d) | 1.49%(c),(d),(e) | 0.20%(c) | 34% | $1,951 |
Year Ended 4/30/2022 | $40.66 | (6.17%) | 1.51%(d) | 1.51%(d),(e) | (0.20%) | 58% | $2,003 |
Year Ended 4/30/2021 | $49.08 | 83.85% | 1.58%(d) | 1.56%(d),(e) | 0.30% | 43% | $2,521 |
Year Ended 4/30/2020 | $26.79 | (23.87%) | 1.62%(d),(f) | 1.57%(d),(e),(f) | 0.31% | 60% | $1,487 |
Year Ended 4/30/2019 | $36.50 | (2.67%) | 1.60%(d),(f) | 1.57%(d),(e),(f) | (0.03%) | 62% | $2,048 |
Year Ended 4/30/2018 | $40.61 | 9.77% | 1.60%(f) | 1.58%(e),(f) | (0.31%) | 51% | $3,790 |
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 21 |
October 31, 2022 (Unaudited)
22 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 23 |
October 31, 2022 (Unaudited)
24 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Purchases ($) | Sales ($) | Net realized gain (loss) ($) |
(55,840,900) | — | — |
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 25 |
October 31, 2022 (Unaudited)
Effective rate (%) | |
Class A | 0.15 |
Advisor Class | 0.15 |
Class C | 0.15 |
Institutional Class | 0.15 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Class R | 0.15 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 28,247 |
Class C | — | 1.00(b) | 196 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
26 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Fee rate(s) contractual through August 31, 2023 | |
Class A | 1.27% |
Advisor Class | 1.02 |
Class C | 2.02 |
Institutional Class | 1.02 |
Institutional 2 Class | 0.93 |
Institutional 3 Class | 0.88 |
Class R | 1.52 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,073,371,000 | 296,303,000 | (83,600,000) | 212,703,000 |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(7,021,227) | — | (7,021,227) |
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 27 |
October 31, 2022 (Unaudited)
Late year ordinary losses ($) | Post-October capital losses ($) |
— | 8,619,206 |
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 2,288,889 | 1.92 | 9 |
28 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 29 |
October 31, 2022 (Unaudited)
30 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 31 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
32 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 33 |
(Unaudited)
Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund
34 | Columbia Small Cap Value Fund I | Semiannual Report 2022 |
(Unaudited)
On June 23, 2022, the Board, including all of the Independent Trustees, determined that fees payable under the Management Agreement were fair and reasonable in light of the extent and quality of services provided and approved the renewal of the Management Agreement.
Columbia Small Cap Value Fund I | Semiannual Report 2022 | 35 |
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/imgf19216442.jpg)
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/imgf3a94f171.jpg)
October 31, 2022 (Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/img77c4356f2.jpg)
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | 11/25/02 | -6.43 | -14.22 | -0.80 | 0.03 | |
Class C | Excluding sales charges | 11/25/02 | -6.74 | -14.78 | -1.47 | -0.64 |
Including sales charges | -7.67 | -15.62 | -1.47 | -0.64 | ||
Institutional Class | 06/04/91 | -6.36 | -14.16 | -0.65 | 0.20 | |
Institutional 2 Class* | 11/08/12 | -6.38 | -14.12 | -0.65 | 0.19 | |
Institutional 3 Class* | 03/01/17 | -6.32 | -14.08 | -0.65 | 0.19 | |
FTSE USBIG Treasury Index | -6.43 | -14.04 | -0.48 | 0.37 |
* | 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 U.S. Treasury Index Fund | Semiannual Report 2022 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2022) | |
Money Market Funds | 2.6 |
U.S. Treasury Obligations | 97.4 |
Total | 100.0 |
Quality breakdown (%) (at October 31, 2022) | |
AAA rating | 100.0 |
Total | 100.0 |
4 | Columbia U.S. Treasury Index Fund | Semiannual Report 2022 |
(Unaudited)
May 1, 2022 — October 31, 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 | 935.70 | 1,023.72 | 1.57 | 1.64 | 0.32 |
Class C | 1,000.00 | 1,000.00 | 932.60 | 1,020.43 | 4.75 | 4.97 | 0.97 |
Institutional Class | 1,000.00 | 1,000.00 | 936.40 | 1,024.48 | 0.83 | 0.87 | 0.17 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 936.20 | 1,024.48 | 0.83 | 0.87 | 0.17 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 936.80 | 1,024.48 | 0.83 | 0.87 | 0.17 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2022 | 5 |
October 31, 2022 (Unaudited)
U.S. Treasury Obligations 99.2% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury | ||||
11/15/2023 | 0.250% | 7,045,000 | 6,732,653 | |
11/15/2023 | 2.750% | 7,448,000 | 7,304,568 | |
11/30/2023 | 0.500% | 3,044,000 | 2,911,895 | |
11/30/2023 | 2.125% | 4,739,000 | 4,613,120 | |
11/30/2023 | 2.875% | 4,657,000 | 4,570,227 | |
12/15/2023 | 0.125% | 6,963,000 | 6,621,922 | |
12/31/2023 | 2.250% | 3,622,000 | 3,523,951 | |
12/31/2023 | 2.625% | 5,549,000 | 5,425,231 | |
01/15/2024 | 0.125% | 6,544,000 | 6,196,350 | |
01/31/2024 | 2.250% | 2,818,000 | 2,735,882 | |
01/31/2024 | 2.500% | 5,542,000 | 5,396,090 | |
02/15/2024 | 0.125% | 10,316,000 | 9,736,128 | |
02/15/2024 | 2.750% | 6,184,000 | 6,034,714 | |
02/29/2024 | 2.125% | 4,896,000 | 4,736,498 | |
02/29/2024 | 2.375% | 2,462,000 | 2,390,448 | |
03/15/2024 | 0.250% | 4,841,000 | 4,559,239 | |
03/31/2024 | 2.125% | 6,657,000 | 6,428,426 | |
03/31/2024 | 2.250% | 5,923,000 | 5,727,957 | |
04/15/2024 | 0.375% | 6,991,000 | 6,571,540 | |
04/30/2024 | 2.000% | 3,166,000 | 3,044,307 | |
04/30/2024 | 2.250% | 3,269,000 | 3,155,479 | |
05/15/2024 | 0.250% | 7,962,000 | 7,444,470 | |
05/15/2024 | 2.500% | 6,789,000 | 6,571,540 | |
05/31/2024 | 2.000% | 5,566,000 | 5,342,273 | |
05/31/2024 | 2.500% | 3,610,000 | 3,492,957 | |
06/15/2024 | 0.250% | 5,958,000 | 5,552,577 | |
06/30/2024 | 1.750% | 3,540,000 | 3,377,934 | |
06/30/2024 | 2.000% | 2,523,000 | 2,416,857 | |
06/30/2024 | 3.000% | 5,474,000 | 5,331,163 | |
07/15/2024 | 0.375% | 4,660,000 | 4,339,261 | |
07/31/2024 | 1.750% | 5,053,000 | 4,811,206 | |
07/31/2024 | 2.125% | 2,640,000 | 2,530,069 | |
07/31/2024 | 3.000% | 4,847,000 | 4,717,873 | |
08/15/2024 | 0.375% | 5,951,000 | 5,521,877 | |
08/15/2024 | 2.375% | 6,973,000 | 6,704,975 | |
08/31/2024 | 1.250% | 4,772,000 | 4,494,068 | |
08/31/2024 | 1.875% | 3,131,000 | 2,982,522 | |
08/31/2024 | 3.250% | 7,260,000 | 7,094,948 | |
09/15/2024 | 0.375% | 5,457,000 | 5,051,988 | |
09/30/2024 | 1.500% | 4,452,000 | 4,206,792 | |
10/15/2024 | 0.625% | 2,158,000 | 2,002,641 | |
10/31/2024 | 1.500% | 4,952,000 | 4,668,614 | |
10/31/2024 | 2.250% | 3,416,000 | 3,269,619 | |
11/15/2024 | 0.750% | 4,291,000 | 3,977,556 | |
11/15/2024 | 2.250% | 5,395,000 | 5,159,390 | |
11/30/2024 | 1.500% | 2,174,000 | 2,044,409 | |
11/30/2024 | 2.125% | 346,000 | 329,484 | |
12/15/2024 | 1.000% | 6,928,000 | 6,444,123 | |
12/31/2024 | 1.750% | 1,636,000 | 1,545,892 | |
12/31/2024 | 2.250% | 1,789,000 | 1,706,259 | |
01/15/2025 | 1.125% | 5,967,000 | 5,546,979 | |
01/31/2025 | 1.375% | 6,343,000 | 5,928,227 | |
01/31/2025 | 2.500% | 2,209,000 | 2,114,427 | |
02/15/2025 | 1.500% | 7,071,000 | 6,611,385 |
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
02/15/2025 | 2.000% | 5,435,000 | 5,141,595 | |
02/28/2025 | 1.125% | 3,322,000 | 3,077,522 | |
02/28/2025 | 2.750% | 5,138,000 | 4,942,917 | |
03/15/2025 | 1.750% | 5,249,000 | 4,931,189 | |
03/31/2025 | 0.500% | 3,215,000 | 2,930,422 | |
03/31/2025 | 2.625% | 3,771,000 | 3,615,446 | |
04/15/2025 | 2.625% | 4,295,000 | 4,112,127 | |
04/30/2025 | 0.375% | 4,205,000 | 3,808,153 | |
04/30/2025 | 2.875% | 3,597,000 | 3,462,113 | |
05/15/2025 | 2.125% | 5,903,000 | 5,570,034 | |
05/15/2025 | 2.750% | 4,352,000 | 4,174,180 | |
05/31/2025 | 0.250% | 5,499,000 | 4,938,789 | |
05/31/2025 | 2.875% | 2,362,000 | 2,269,550 | |
06/15/2025 | 2.875% | 3,831,000 | 3,682,848 | |
06/30/2025 | 0.250% | 5,929,000 | 5,318,498 | |
06/30/2025 | 2.750% | 3,280,000 | 3,142,650 | |
07/15/2025 | 3.000% | 5,781,000 | 5,568,277 | |
07/31/2025 | 0.250% | 3,576,000 | 3,192,977 | |
07/31/2025 | 2.875% | 2,468,000 | 2,368,123 | |
08/15/2025 | 2.000% | 6,371,000 | 5,962,858 | |
08/15/2025 | 3.125% | 10,514,000 | 10,154,224 | |
08/31/2025 | 0.250% | 4,979,000 | 4,428,198 | |
08/31/2025 | 2.750% | 2,414,000 | 2,305,181 | |
09/15/2025 | 3.500% | 3,425,000 | 3,339,375 | |
09/30/2025 | 0.250% | 5,798,000 | 5,147,537 | |
09/30/2025 | 3.000% | 2,420,000 | 2,325,469 | |
10/31/2025 | 0.250% | 7,432,000 | 6,568,611 | |
10/31/2025 | 3.000% | 3,111,000 | 2,986,074 | |
11/15/2025 | 2.250% | 6,847,000 | 6,423,342 | |
11/30/2025 | 0.375% | 4,597,000 | 4,065,113 | |
11/30/2025 | 2.875% | 3,722,000 | 3,557,127 | |
12/31/2025 | 0.375% | 7,714,000 | 6,805,194 | |
01/31/2026 | 0.375% | 3,746,000 | 3,291,212 | |
01/31/2026 | 2.625% | 4,569,000 | 4,321,632 | |
02/15/2026 | 1.625% | 5,126,000 | 4,689,089 | |
02/15/2026 | 6.000% | 2,388,000 | 2,496,579 | |
02/28/2026 | 2.500% | 4,259,000 | 4,007,120 | |
03/31/2026 | 0.750% | 7,887,000 | 6,979,995 | |
03/31/2026 | 2.250% | 4,111,000 | 3,833,186 | |
04/30/2026 | 0.750% | 7,190,000 | 6,345,175 | |
04/30/2026 | 2.375% | 3,631,000 | 3,396,403 | |
05/15/2026 | 1.625% | 5,906,000 | 5,374,460 | |
05/31/2026 | 2.125% | 4,135,000 | 3,826,167 | |
06/30/2026 | 0.875% | 1,645,000 | 1,450,813 | |
06/30/2026 | 1.875% | 3,287,000 | 3,011,714 | |
07/31/2026 | 0.625% | 6,384,000 | 5,562,060 | |
07/31/2026 | 1.875% | 3,061,000 | 2,797,706 | |
08/15/2026 | 1.500% | 6,599,000 | 5,938,069 | |
08/31/2026 | 0.750% | 4,634,000 | 4,046,423 | |
08/31/2026 | 1.375% | 2,513,000 | 2,249,331 | |
09/30/2026 | 0.875% | 5,441,000 | 4,763,425 | |
09/30/2026 | 1.625% | 1,997,000 | 1,804,321 | |
10/31/2026 | 1.625% | 2,647,000 | 2,383,748 | |
11/15/2026 | 2.000% | 6,170,000 | 5,633,499 | |
11/30/2026 | 1.250% | 6,559,000 | 5,806,765 |
6 | Columbia U.S. Treasury Index Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
11/30/2026 | 1.625% | 2,088,000 | 1,878,221 | |
12/31/2026 | 1.250% | 6,122,000 | 5,409,361 | |
12/31/2026 | 1.750% | 2,844,000 | 2,568,043 | |
01/31/2027 | 1.500% | 6,537,000 | 5,826,101 | |
02/15/2027 | 2.250% | 5,499,000 | 5,052,636 | |
02/28/2027 | 1.125% | 1,558,000 | 1,363,980 | |
02/28/2027 | 1.875% | 6,011,000 | 5,439,016 | |
03/31/2027 | 0.625% | 2,295,000 | 1,958,460 | |
03/31/2027 | 2.500% | 5,662,000 | 5,253,717 | |
04/30/2027 | 0.500% | 3,196,000 | 2,705,114 | |
04/30/2027 | 2.750% | 5,533,000 | 5,185,458 | |
05/15/2027 | 2.375% | 6,142,000 | 5,654,959 | |
05/31/2027 | 0.500% | 3,520,000 | 2,970,275 | |
05/31/2027 | 2.625% | 5,278,000 | 4,919,673 | |
06/30/2027 | 0.500% | 4,342,000 | 3,654,064 | |
06/30/2027 | 3.250% | 4,978,000 | 4,763,713 | |
07/31/2027 | 0.375% | 5,003,000 | 4,176,332 | |
07/31/2027 | 2.750% | 8,279,000 | 7,740,218 | |
08/15/2027 | 2.250% | 4,827,000 | 4,404,260 | |
08/31/2027 | 0.500% | 4,015,000 | 3,360,680 | |
08/31/2027 | 3.125% | 2,340,000 | 2,227,388 | |
09/30/2027 | 0.375% | 7,570,000 | 6,276,595 | |
10/31/2027 | 0.500% | 4,821,000 | 4,009,716 | |
11/15/2027 | 2.250% | 3,712,000 | 3,373,280 | |
11/30/2027 | 0.625% | 11,420,000 | 9,536,592 | |
12/31/2027 | 0.625% | 5,653,000 | 4,707,447 | |
01/31/2028 | 0.750% | 6,823,000 | 5,707,333 | |
02/15/2028 | 2.750% | 8,150,000 | 7,562,945 | |
02/29/2028 | 1.125% | 7,100,000 | 6,041,656 | |
03/31/2028 | 1.250% | 7,500,000 | 6,413,086 | |
04/30/2028 | 1.250% | 7,084,000 | 6,044,091 | |
05/15/2028 | 2.875% | 7,901,000 | 7,354,103 | |
06/30/2028 | 1.250% | 4,719,000 | 4,009,675 | |
07/31/2028 | 1.000% | 6,671,000 | 5,571,849 | |
08/15/2028 | 2.875% | 7,563,000 | 7,024,727 | |
08/31/2028 | 1.125% | 7,179,000 | 6,023,069 | |
09/30/2028 | 1.250% | 5,488,000 | 4,630,929 | |
10/31/2028 | 1.375% | 6,477,000 | 5,497,354 | |
11/15/2028 | 3.125% | 6,402,000 | 6,015,879 | |
11/15/2028 | 5.250% | 993,000 | 1,040,323 | |
11/30/2028 | 1.500% | 4,990,000 | 4,260,602 | |
12/31/2028 | 1.375% | 6,195,000 | 5,247,843 | |
01/31/2029 | 1.750% | 4,803,000 | 4,149,717 | |
02/15/2029 | 2.625% | 6,400,000 | 5,828,000 | |
02/15/2029 | 5.250% | 277,000 | 290,915 | |
02/28/2029 | 1.875% | 5,616,000 | 4,887,236 | |
03/31/2029 | 2.375% | 5,307,000 | 4,754,740 | |
04/30/2029 | 2.875% | 4,600,000 | 4,247,813 | |
05/15/2029 | 2.375% | 5,248,000 | 4,697,780 | |
05/31/2029 | 2.750% | 4,388,000 | 4,018,448 | |
06/30/2029 | 3.250% | 4,794,000 | 4,527,334 | |
07/31/2029 | 2.625% | 606,000 | 550,324 | |
08/15/2029 | 1.625% | 5,928,000 | 5,052,694 | |
08/31/2029 | 3.125% | 7,205,000 | 6,753,562 | |
11/15/2029 | 1.750% | 3,865,000 | 3,319,069 | |
02/15/2030 | 1.500% | 6,081,000 | 5,093,788 | |
05/15/2030 | 0.625% | 9,150,000 | 7,111,266 |
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
05/15/2030 | 6.250% | 687,000 | 776,847 | |
08/15/2030 | 0.625% | 12,227,000 | 9,447,268 | |
11/15/2030 | 0.875% | 10,849,000 | 8,535,112 | |
02/15/2031 | 1.125% | 12,586,000 | 10,066,833 | |
02/15/2031 | 5.375% | 1,250,000 | 1,355,664 | |
05/15/2031 | 1.625% | 11,805,000 | 9,761,259 | |
08/15/2031 | 1.250% | 12,218,000 | 9,719,037 | |
11/15/2031 | 1.375% | 12,264,000 | 9,792,037 | |
02/15/2032 | 1.875% | 11,184,000 | 9,307,185 | |
05/15/2032 | 2.875% | 11,657,000 | 10,567,799 | |
08/15/2032 | 2.750% | 8,127,000 | 7,277,475 | |
02/15/2036 | 4.500% | 729,000 | 758,957 | |
05/15/2038 | 4.500% | 736,000 | 757,965 | |
02/15/2039 | 3.500% | 721,000 | 654,308 | |
05/15/2039 | 4.250% | 1,200,000 | 1,193,813 | |
08/15/2039 | 4.500% | 1,476,000 | 1,513,592 | |
11/15/2039 | 4.375% | 1,401,000 | 1,411,289 | |
02/15/2040 | 4.625% | 1,628,000 | 1,691,085 | |
05/15/2040 | 1.125% | 4,837,000 | 2,887,084 | |
05/15/2040 | 4.375% | 1,837,000 | 1,847,046 | |
08/15/2040 | 1.125% | 4,574,000 | 2,705,807 | |
08/15/2040 | 3.875% | 2,664,000 | 2,502,079 | |
11/15/2040 | 1.375% | 6,031,000 | 3,725,085 | |
11/15/2040 | 4.250% | 1,640,000 | 1,617,963 | |
02/15/2041 | 1.875% | 7,805,000 | 5,279,351 | |
02/15/2041 | 4.750% | 1,371,000 | 1,441,906 | |
05/15/2041 | 2.250% | 5,539,000 | 3,995,004 | |
05/15/2041 | 4.375% | 1,334,000 | 1,335,251 | |
08/15/2041 | 1.750% | 6,939,000 | 4,527,698 | |
08/15/2041 | 3.750% | 2,049,000 | 1,877,716 | |
11/15/2041 | 2.000% | 6,638,000 | 4,526,286 | |
11/15/2041 | 3.125% | 1,514,000 | 1,255,910 | |
02/15/2042 | 2.375% | 4,679,000 | 3,417,132 | |
02/15/2042 | 3.125% | 1,649,000 | 1,368,928 | |
05/15/2042 | 3.000% | 1,197,000 | 969,570 | |
05/15/2042 | 3.250% | 5,326,000 | 4,504,631 | |
08/15/2042 | 2.750% | 1,659,000 | 1,282,096 | |
08/15/2042 | 3.375% | 3,208,000 | 2,768,905 | |
11/15/2042 | 2.750% | 2,482,000 | 1,911,916 | |
02/15/2043 | 3.125% | 1,668,000 | 1,366,196 | |
05/15/2043 | 2.875% | 3,125,000 | 2,448,242 | |
08/15/2043 | 3.625% | 2,459,000 | 2,180,057 | |
11/15/2043 | 3.750% | 2,473,000 | 2,231,883 | |
02/15/2044 | 3.625% | 2,403,000 | 2,120,648 | |
05/15/2044 | 3.375% | 2,463,000 | 2,082,390 | |
08/15/2044 | 3.125% | 2,631,000 | 2,129,466 | |
11/15/2044 | 3.000% | 2,528,000 | 1,998,700 | |
02/15/2045 | 2.500% | 3,581,000 | 2,576,641 | |
05/15/2045 | 3.000% | 1,686,000 | 1,329,569 | |
08/15/2045 | 2.875% | 2,243,000 | 1,727,110 | |
11/15/2045 | 3.000% | 1,425,000 | 1,122,188 | |
02/15/2046 | 2.500% | 2,715,000 | 1,940,801 | |
05/15/2046 | 2.500% | 2,806,000 | 2,001,467 | |
08/15/2046 | 2.250% | 3,519,000 | 2,381,923 | |
11/15/2046 | 2.875% | 1,519,000 | 1,167,969 | |
02/15/2047 | 3.000% | 3,192,000 | 2,509,211 | |
05/15/2047 | 3.000% | 2,450,000 | 1,926,313 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2022 | 7 |
October 31, 2022 (Unaudited)
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
08/15/2047 | 2.750% | 2,821,000 | 2,115,750 | |
11/15/2047 | 2.750% | 3,420,000 | 2,565,534 | |
02/15/2048 | 3.000% | 3,892,000 | 3,072,856 | |
05/15/2048 | 3.125% | 4,302,000 | 3,488,653 | |
08/15/2048 | 3.000% | 4,743,000 | 3,764,015 | |
11/15/2048 | 3.375% | 4,659,000 | 3,979,805 | |
02/15/2049 | 3.000% | 5,204,000 | 4,151,816 | |
05/15/2049 | 2.875% | 5,051,000 | 3,932,677 | |
08/15/2049 | 2.250% | 4,768,000 | 3,239,260 | |
11/15/2049 | 2.375% | 4,362,000 | 3,049,311 | |
02/15/2050 | 2.000% | 5,997,000 | 3,814,654 | |
05/15/2050 | 1.250% | 6,422,000 | 3,308,333 | |
08/15/2050 | 1.375% | 7,171,000 | 3,823,039 | |
11/15/2050 | 1.625% | 7,385,000 | 4,224,451 | |
02/15/2051 | 1.875% | 8,052,000 | 4,931,850 | |
05/15/2051 | 2.375% | 7,965,000 | 5,514,518 | |
08/15/2051 | 2.000% | 8,117,000 | 5,114,978 | |
11/15/2051 | 1.875% | 7,267,000 | 4,427,193 | |
02/15/2052 | 2.250% | 6,624,000 | 4,443,255 |
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
05/15/2052 | 2.875% | 6,272,000 | 4,870,600 | |
08/15/2052 | 3.000% | 5,272,000 | 4,224,190 | |
Total U.S. Treasury Obligations (Cost $1,164,453,023) | 1,021,851,435 |
Money Market Funds 2.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 3.246%(a),(b) | 27,823,944 | 27,812,814 |
Total Money Market Funds (Cost $27,812,606) | 27,812,814 | |
Total Investments in Securities (Cost: $1,192,265,629) | 1,049,664,249 | |
Other Assets & Liabilities, Net | (19,464,935) | |
Net Assets | 1,030,199,314 |
(a) | The rate shown is the seven-day current annualized yield at October 31, 2022. |
(b) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund.The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 3.246% | ||||||||
12,203,954 | 72,255,884 | (56,645,963) | (1,061) | 27,812,814 | (591) | 44,178 | 27,823,944 |
■ | 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). |
8 | Columbia U.S. Treasury Index Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
The Fund’s Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily available using 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 | ||||
U.S. Treasury Obligations | — | 1,021,851,435 | — | 1,021,851,435 |
Money Market Funds | 27,812,814 | — | — | 27,812,814 |
Total Investments in Securities | 27,812,814 | 1,021,851,435 | — | 1,049,664,249 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2022 | 9 |
October 31, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,164,453,023) | $1,021,851,435 |
Affiliated issuers (cost $27,812,606) | 27,812,814 |
Cash | 3,458 |
Receivable for: | |
Investments sold | 12,737,164 |
Capital shares sold | 1,779,986 |
Dividends | 15,807 |
Interest | 6,164,485 |
Interfund lending | 3,100,000 |
Expense reimbursement due from Investment Manager | 19,202 |
Trustees’ deferred compensation plan | 110,413 |
Total assets | 1,073,594,764 |
Liabilities | |
Payable for: | |
Investments purchased | 41,266,350 |
Capital shares purchased | 350,852 |
Distributions to shareholders | 1,614,698 |
Management services fees | 33,100 |
Distribution and/or service fees | 813 |
Compensation of board members | 19,224 |
Trustees’ deferred compensation plan | 110,413 |
Total liabilities | 43,395,450 |
Net assets applicable to outstanding capital stock | $1,030,199,314 |
Represented by | |
Paid in capital | 1,223,435,942 |
Total distributable earnings (loss) | (193,236,628) |
Total - representing net assets applicable to outstanding capital stock | $1,030,199,314 |
Class A | |
Net assets | $58,266,134 |
Shares outstanding | 5,965,653 |
Net asset value per share | $9.77 |
Class C | |
Net assets | $1,417,948 |
Shares outstanding | 145,187 |
Net asset value per share | $9.77 |
Institutional Class | |
Net assets | $450,812,999 |
Shares outstanding | 46,138,395 |
Net asset value per share | $9.77 |
Institutional 2 Class | |
Net assets | $21,641,331 |
Shares outstanding | 2,219,655 |
Net asset value per share | $9.75 |
Institutional 3 Class | |
Net assets | $498,060,902 |
Shares outstanding | 50,688,695 |
Net asset value per share | $9.83 |
10 | Columbia U.S. Treasury Index Fund | Semiannual Report 2022 |
Six Months Ended October 31, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $44,178 |
Interest | 10,305,602 |
Total income | 10,349,780 |
Expenses: | |
Management services fees | 2,318,247 |
Distribution and/or service fees | |
Class A | 42,728 |
Class C | 8,619 |
Compensation of board members | 12,806 |
Total expenses | 2,382,400 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (1,345,798) |
Expense reduction | (580) |
Total net expenses | 1,036,022 |
Net investment income | 9,313,758 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (45,418,673) |
Investments — affiliated issuers | (591) |
Net realized loss | (45,419,264) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (39,626,175) |
Investments — affiliated issuers | (1,061) |
Net change in unrealized appreciation (depreciation) | (39,627,236) |
Net realized and unrealized loss | (85,046,500) |
Net decrease in net assets resulting from operations | $(75,732,742) |
Columbia U.S. Treasury Index Fund | Semiannual Report 2022 | 11 |
Six Months Ended October 31, 2022 (Unaudited) | Year Ended April 30, 2022 | |
Operations | ||
Net investment income | $9,313,758 | $17,605,832 |
Net realized loss | (45,419,264) | (970,887) |
Net change in unrealized appreciation (depreciation) | (39,627,236) | (124,254,422) |
Net decrease in net assets resulting from operations | (75,732,742) | (107,619,477) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (427,589) | (508,052) |
Class C | (8,608) | (25,091) |
Institutional Class | (3,616,085) | (7,204,929) |
Institutional 2 Class | (168,199) | (725,831) |
Institutional 3 Class | (5,042,650) | (12,283,759) |
Total distributions to shareholders | (9,263,131) | (20,747,662) |
Increase (decrease) in net assets from capital stock activity | (177,640,269) | 182,947,241 |
Total increase (decrease) in net assets | (262,636,142) | 54,580,102 |
Net assets at beginning of period | 1,292,835,456 | 1,238,255,354 |
Net assets at end of period | $1,030,199,314 | $1,292,835,456 |
12 | Columbia U.S. Treasury Index Fund | Semiannual Report 2022 |
Six Months Ended | Year Ended | |||
October 31, 2022 (Unaudited) | April 30, 2022 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 3,438,331 | 36,169,927 | 823,155 | 9,394,626 |
Distributions reinvested | 13,693 | 139,842 | 25,050 | 286,578 |
Redemptions | (861,723) | (8,902,844) | (1,667,328) | (19,113,195) |
Net increase (decrease) | 2,590,301 | 27,406,925 | (819,123) | (9,431,991) |
Class C | ||||
Subscriptions | 2,129 | 21,614 | 20,460 | 237,356 |
Distributions reinvested | 842 | 8,608 | 2,179 | 25,022 |
Redemptions | (99,301) | (1,006,536) | (360,822) | (4,116,126) |
Net decrease | (96,330) | (976,314) | (338,183) | (3,853,748) |
Institutional Class | ||||
Subscriptions | 7,034,664 | 70,961,284 | 7,139,052 | 81,835,936 |
Distributions reinvested | 341,874 | 3,493,457 | 611,158 | 6,987,861 |
Redemptions | (3,521,750) | (36,199,345) | (12,069,469) | (137,444,941) |
Net increase (decrease) | 3,854,788 | 38,255,396 | (4,319,259) | (48,621,144) |
Institutional 2 Class | ||||
Subscriptions | 875,972 | 8,705,657 | 1,498,220 | 17,118,267 |
Distributions reinvested | 5,852 | 59,566 | 13,042 | 149,480 |
Redemptions | (2,827,969) | (29,796,723) | (1,968,952) | (22,484,879) |
Net decrease | (1,946,145) | (21,031,500) | (457,690) | (5,217,132) |
Institutional 3 Class | ||||
Subscriptions | 11,342,614 | 119,502,305 | 30,992,063 | 359,650,385 |
Distributions reinvested | 488,441 | 5,028,457 | 1,066,894 | 12,261,812 |
Redemptions | (33,556,059) | (345,825,538) | (10,775,546) | (121,840,941) |
Net increase (decrease) | (21,725,004) | (221,294,776) | 21,283,411 | 250,071,256 |
Total net increase (decrease) | (17,322,390) | (177,640,269) | 15,349,156 | 182,947,241 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2022 | 13 |
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 10/31/2022 (Unaudited) | $10.52 | 0.08 | (0.75) | (0.67) | (0.08) | — | (0.08) |
Year Ended 4/30/2022 | $11.52 | 0.12 | (0.98) | (0.86) | (0.12) | (0.02) | (0.14) |
Year Ended 4/30/2021 | $12.30 | 0.14 | (0.71) | (0.57) | (0.14) | (0.07) | (0.21) |
Year Ended 4/30/2020 | $11.00 | 0.21 | 1.30 | 1.51 | (0.21) | — | (0.21) |
Year Ended 4/30/2019 | $10.75 | 0.21 | 0.25 | 0.46 | (0.21) | — | (0.21) |
Year Ended 4/30/2018 | $11.06 | 0.16 | (0.31) | (0.15) | (0.16) | — | (0.16) |
Class C | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $10.52 | 0.04 | (0.75) | (0.71) | (0.04) | — | (0.04) |
Year Ended 4/30/2022 | $11.52 | 0.04 | (0.97) | (0.93) | (0.05) | (0.02) | (0.07) |
Year Ended 4/30/2021 | $12.29 | 0.06 | (0.70) | (0.64) | (0.06) | (0.07) | (0.13) |
Year Ended 4/30/2020 | $11.00 | 0.13 | 1.29 | 1.42 | (0.13) | — | (0.13) |
Year Ended 4/30/2019 | $10.75 | 0.13 | 0.25 | 0.38 | (0.13) | — | (0.13) |
Year Ended 4/30/2018 | $11.06 | 0.09 | (0.31) | (0.22) | (0.09) | — | (0.09) |
Institutional Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $10.52 | 0.08 | (0.75) | (0.67) | (0.08) | — | (0.08) |
Year Ended 4/30/2022 | $11.53 | 0.14 | (0.99) | (0.85) | (0.14) | (0.02) | (0.16) |
Year Ended 4/30/2021 | $12.30 | 0.16 | (0.70) | (0.54) | (0.16) | (0.07) | (0.23) |
Year Ended 4/30/2020 | $11.01 | 0.23 | 1.29 | 1.52 | (0.23) | — | (0.23) |
Year Ended 4/30/2019 | $10.75 | 0.22 | 0.27 | 0.49 | (0.23) | — | (0.23) |
Year Ended 4/30/2018 | $11.06 | 0.18 | (0.31) | (0.13) | (0.18) | — | (0.18) |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $10.50 | 0.08 | (0.75) | (0.67) | (0.08) | — | (0.08) |
Year Ended 4/30/2022 | $11.50 | 0.13 | (0.97) | (0.84) | (0.14) | (0.02) | (0.16) |
Year Ended 4/30/2021 | $12.27 | 0.16 | (0.70) | (0.54) | (0.16) | (0.07) | (0.23) |
Year Ended 4/30/2020 | $10.98 | 0.23 | 1.29 | 1.52 | (0.23) | — | (0.23) |
Year Ended 4/30/2019 | $10.73 | 0.23 | 0.25 | 0.48 | (0.23) | — | (0.23) |
Year Ended 4/30/2018 | $11.04 | 0.18 | (0.31) | (0.13) | (0.18) | — | (0.18) |
14 | Columbia U.S. Treasury Index 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 10/31/2022 (Unaudited) | $9.77 | (6.43%) | 0.56%(c) | 0.32%(c),(d) | 1.50%(c) | 24% | $58,266 |
Year Ended 4/30/2022 | $10.52 | (7.54%) | 0.59% | 0.32%(d) | 1.03% | 31% | $35,499 |
Year Ended 4/30/2021 | $11.52 | (4.66%) | 0.65% | 0.32%(d),(e) | 1.20% | 40% | $48,338 |
Year Ended 4/30/2020 | $12.30 | 13.88% | 0.65% | 0.33%(d),(e) | 1.83% | 54% | $51,890 |
Year Ended 4/30/2019 | $11.00 | 4.32% | 0.65% | 0.35%(d),(e) | 1.93% | 50% | $35,707 |
Year Ended 4/30/2018 | $10.75 | (1.35%) | 0.65% | 0.35%(d),(e) | 1.49% | 27% | $45,074 |
Class C | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $9.77 | (6.74%) | 1.20%(c) | 0.97%(c),(d) | 0.80%(c) | 24% | $1,418 |
Year Ended 4/30/2022 | $10.52 | (8.14%) | 1.29% | 0.97%(d) | 0.37% | 31% | $2,540 |
Year Ended 4/30/2021 | $11.52 | (5.22%) | 1.40% | 0.99%(d),(e) | 0.53% | 40% | $6,680 |
Year Ended 4/30/2020 | $12.29 | 13.00% | 1.41% | 1.03%(d),(e) | 1.12% | 54% | $6,910 |
Year Ended 4/30/2019 | $11.00 | 3.59% | 1.40% | 1.05%(d),(e) | 1.23% | 50% | $2,801 |
Year Ended 4/30/2018 | $10.75 | (2.03%) | 1.41% | 1.05%(d),(e) | 0.78% | 27% | $4,143 |
Institutional Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $9.77 | (6.36%) | 0.40%(c) | 0.17%(c),(d) | 1.63%(c) | 24% | $450,813 |
Year Ended 4/30/2022 | $10.52 | (7.48%) | 0.40% | 0.17%(d) | 1.18% | 31% | $444,883 |
Year Ended 4/30/2021 | $11.53 | (4.44%) | 0.40% | 0.17%(d) | 1.35% | 40% | $537,273 |
Year Ended 4/30/2020 | $12.30 | 13.95% | 0.40% | 0.18%(d) | 1.98% | 54% | $581,931 |
Year Ended 4/30/2019 | $11.01 | 4.57% | 0.40% | 0.20%(d) | 2.08% | 50% | $323,226 |
Year Ended 4/30/2018 | $10.75 | (1.20%) | 0.40% | 0.20%(d) | 1.64% | 27% | $392,889 |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $9.75 | (6.38%) | 0.39%(c) | 0.17%(c) | 1.54%(c) | 24% | $21,641 |
Year Ended 4/30/2022 | $10.50 | (7.42%) | 0.40% | 0.17% | 1.18% | 31% | $43,738 |
Year Ended 4/30/2021 | $11.50 | (4.45%) | 0.40% | 0.17% | 1.35% | 40% | $53,191 |
Year Ended 4/30/2020 | $12.27 | 13.98% | 0.40% | 0.18% | 1.98% | 54% | $51,284 |
Year Ended 4/30/2019 | $10.98 | 4.48% | 0.40% | 0.20% | 2.10% | 50% | $35,855 |
Year Ended 4/30/2018 | $10.73 | (1.20%) | 0.40% | 0.20% | 1.65% | 27% | $30,710 |
Columbia U.S. Treasury Index 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 | |
Institutional 3 Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $10.58 | 0.08 | (0.75) | (0.67) | (0.08) | — | (0.08) |
Year Ended 4/30/2022 | $11.59 | 0.14 | (0.99) | (0.85) | (0.14) | (0.02) | (0.16) |
Year Ended 4/30/2021 | $12.37 | 0.16 | (0.71) | (0.55) | (0.16) | (0.07) | (0.23) |
Year Ended 4/30/2020 | $11.07 | 0.23 | 1.30 | 1.53 | (0.23) | — | (0.23) |
Year Ended 4/30/2019 | $10.81 | 0.23 | 0.26 | 0.49 | (0.23) | — | (0.23) |
Year Ended 4/30/2018 | $11.13 | 0.18 | (0.32) | (0.14) | (0.18) | — | (0.18) |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | 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: |
4/30/2021 | 4/30/2020 | 4/30/2019 | 4/30/2018 | |
Class A | 0.03% | 0.10% | 0.10% | 0.10% |
Class C | 0.05% | 0.15% | 0.15% | 0.15% |
16 | Columbia U.S. Treasury Index 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 10/31/2022 (Unaudited) | $9.83 | (6.32%) | 0.40%(c) | 0.17%(c) | 1.61%(c) | 24% | $498,061 |
Year Ended 4/30/2022 | $10.58 | (7.44%) | 0.40% | 0.17% | 1.19% | 31% | $766,175 |
Year Ended 4/30/2021 | $11.59 | (4.49%) | 0.40% | 0.17% | 1.33% | 40% | $592,772 |
Year Ended 4/30/2020 | $12.37 | 13.97% | 0.40% | 0.18% | 2.00% | 54% | $415,616 |
Year Ended 4/30/2019 | $11.07 | 4.56% | 0.40% | 0.20% | 2.10% | 50% | $445,200 |
Year Ended 4/30/2018 | $10.81 | (1.27%) | 0.40% | 0.20% | 1.66% | 27% | $401,768 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2022 | 17 |
October 31, 2022 (Unaudited)
18 | Columbia U.S. Treasury Index Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia U.S. Treasury Index Fund | Semiannual Report 2022 | 19 |
October 31, 2022 (Unaudited)
20 | Columbia U.S. Treasury Index Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Fee rate(s) contractual through August 31, 2023 | |
Class A | 0.32% |
Class C | 0.97 |
Institutional Class | 0.17 |
Institutional 2 Class | 0.17 |
Institutional 3 Class | 0.17 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2022 | 21 |
October 31, 2022 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
1,192,266,000 | 2,000 | (142,604,000) | (142,602,000) |
Late year ordinary losses ($) | Post-October capital losses ($) |
— | 3,404,597 |
22 | Columbia U.S. Treasury Index Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 3,100,000 | 3.60 | 1 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2022 | 23 |
October 31, 2022 (Unaudited)
24 | Columbia U.S. Treasury Index Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia U.S. Treasury Index Fund | Semiannual Report 2022 | 25 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
26 | Columbia U.S. Treasury Index Fund | Semiannual Report 2022 |
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
Columbia U.S. Treasury Index Fund | Semiannual Report 2022 | 27 |
(Unaudited)
Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund
28 | Columbia U.S. Treasury Index Fund | Semiannual Report 2022 |
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/img77c4356f2.jpg)
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/img2ce8dbac1.jpg)
October 31, 2022 (Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/img85bc8dd12.jpg)
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 07/31/00 | -6.79 | -18.76 | -0.09 | 1.38 |
Including sales charges | -11.22 | -22.59 | -1.05 | 0.88 | ||
Advisor Class* | 11/08/12 | -6.79 | -18.60 | 0.15 | 1.63 | |
Class C | Excluding sales charges | 07/15/02 | -7.16 | -19.30 | -0.69 | 0.77 |
Including sales charges | -8.08 | -20.08 | -0.69 | 0.77 | ||
Institutional Class | 03/05/86 | -6.67 | -18.56 | 0.16 | 1.63 | |
Institutional 2 Class* | 11/08/12 | -6.64 | -18.42 | 0.27 | 1.75 | |
Institutional 3 Class* | 11/08/12 | -6.71 | -18.45 | 0.29 | 1.79 | |
Blended Benchmark | -7.30 | -18.36 | 0.03 | 1.87 | ||
Bloomberg U.S. Corporate Bond Index | -7.82 | -19.57 | -0.32 | 1.47 |
* | 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 Corporate Income Fund | Semiannual Report 2022 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2022) | |
Common Stocks | 0.0(a) |
Convertible Bonds | 0.0(a) |
Corporate Bonds & Notes | 94.9 |
Foreign Government Obligations | 0.0(a) |
Money Market Funds | 1.2 |
Senior Loans | 0.3 |
U.S. Treasury Obligations | 3.6 |
Total | 100.0 |
(a) | Rounds to zero. |
Quality breakdown (%) (at October 31, 2022) | |
AAA rating | 4.2 |
AA rating | 3.4 |
A rating | 24.5 |
BBB rating | 48.2 |
BB rating | 10.9 |
B rating | 7.0 |
CCC rating | 1.8 |
Total | 100.0 |
4 | Columbia Corporate Income Fund | Semiannual Report 2022 |
(Unaudited)
May 1, 2022 — October 31, 2022 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 932.10 | 1,020.93 | 4.26 | 4.46 | 0.87 |
Advisor Class | 1,000.00 | 1,000.00 | 932.10 | 1,022.20 | 3.04 | 3.18 | 0.62 |
Class C | 1,000.00 | 1,000.00 | 928.40 | 1,018.15 | 6.94 | 7.26 | 1.42 |
Institutional Class | 1,000.00 | 1,000.00 | 933.30 | 1,022.20 | 3.04 | 3.18 | 0.62 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 933.60 | 1,022.71 | 2.55 | 2.67 | 0.52 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 932.90 | 1,022.96 | 2.30 | 2.41 | 0.47 |
Columbia Corporate Income Fund | Semiannual Report 2022 | 5 |
October 31, 2022 (Unaudited)
Common Stocks 0.0% | ||
Issuer | Shares | Value ($) |
Financials 0.0% | ||
Insurance 0.0% | ||
Mr. Cooper Group, Inc.(a) | 1,782 | 70,371 |
Total Financials | 70,371 | |
Total Common Stocks (Cost $1,077,470) | 70,371 |
Convertible Bonds 0.0% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Cable and Satellite 0.0% | ||||
DISH Network Corp. | ||||
Subordinated | ||||
08/15/2026 | 3.375% | 471,000 | 325,697 | |
Total Convertible Bonds (Cost $448,542) | 325,697 | |||
Corporate Bonds & Notes 94.0% | ||||
Aerospace & Defense 4.6% | ||||
BAE Systems PLC(b) | ||||
02/15/2031 | 1.900% | 29,890,000 | 22,367,035 | |
Boeing Co. (The) | ||||
03/01/2029 | 3.200% | 5,263,000 | 4,385,977 | |
05/01/2034 | 3.600% | 7,309,000 | 5,441,978 | |
08/01/2059 | 3.950% | 12,255,000 | 7,640,541 | |
Bombardier, Inc.(b) | ||||
12/01/2024 | 7.500% | 269,000 | 268,321 | |
04/15/2027 | 7.875% | 360,000 | 342,059 | |
Howmet Aerospace, Inc. | ||||
01/15/2029 | 3.000% | 9,685,000 | 8,059,939 | |
Moog, Inc.(b) | ||||
12/15/2027 | 4.250% | 139,000 | 124,379 | |
Raytheon Technologies Corp. | ||||
03/15/2032 | 2.375% | 4,340,000 | 3,391,340 | |
Spirit AeroSystems, Inc.(b) | ||||
04/15/2025 | 7.500% | 879,000 | 856,061 | |
TransDigm, Inc.(b) | ||||
03/15/2026 | 6.250% | 5,391,000 | 5,316,089 | |
TransDigm, Inc. | ||||
06/15/2026 | 6.375% | 622,000 | 599,173 | |
11/15/2027 | 5.500% | 710,000 | 644,812 | |
05/01/2029 | 4.875% | 664,000 | 565,455 | |
Total | 60,003,159 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Airlines 0.4% | ||||
Air Canada(b) | ||||
08/15/2026 | 3.875% | 520,000 | 459,922 | |
American Airlines, Inc.(b) | ||||
07/15/2025 | 11.750% | 400,000 | 437,791 | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(b) | ||||
04/20/2026 | 5.500% | 2,322,207 | 2,213,153 | |
04/20/2029 | 5.750% | 179,155 | 163,031 | |
Delta Air Lines, Inc. | ||||
04/19/2028 | 4.375% | 135,000 | 120,451 | |
Hawaiian Brand Intellectual Property Ltd./Miles Loyalty Ltd.(b) | ||||
01/20/2026 | 5.750% | 482,739 | 445,370 | |
United Airlines, Inc.(b) | ||||
04/15/2026 | 4.375% | 219,000 | 200,375 | |
04/15/2029 | 4.625% | 245,000 | 210,337 | |
United Airlines, Inc. Pass-Through Trust | ||||
10/15/2027 | 5.875% | 1,304,132 | 1,255,494 | |
Total | 5,505,924 | |||
Automotive 1.2% | ||||
American Axle & Manufacturing, Inc. | ||||
03/15/2026 | 6.250% | 197,000 | 187,151 | |
Clarios Global LP(b) | ||||
05/15/2025 | 6.750% | 80,000 | 80,099 | |
Ford Motor Co. | ||||
02/12/2032 | 3.250% | 2,908,000 | 2,183,704 | |
12/08/2046 | 5.291% | 2,000,000 | 1,480,406 | |
Ford Motor Credit Co. LLC | ||||
09/08/2024 | 3.664% | 1,168,000 | 1,107,768 | |
06/16/2025 | 5.125% | 256,000 | 247,052 | |
08/04/2025 | 4.134% | 1,500,000 | 1,394,247 | |
11/13/2025 | 3.375% | 1,251,000 | 1,136,782 | |
08/17/2027 | 4.125% | 554,000 | 491,782 | |
02/10/2029 | 2.900% | 1,642,000 | 1,290,435 | |
11/13/2030 | 4.000% | 214,000 | 173,482 | |
General Motors Co. | ||||
04/01/2048 | 5.400% | 2,835,000 | 2,243,464 | |
Goodyear Tire & Rubber Co. (The) | ||||
07/15/2029 | 5.000% | 223,000 | 193,545 | |
IAA Spinco, Inc.(b) | ||||
06/15/2027 | 5.500% | 910,000 | 853,174 | |
Jaguar Land Rover Automotive PLC(b) | ||||
07/15/2029 | 5.500% | 312,000 | 220,052 | |
KAR Auction Services, Inc.(b) | ||||
06/01/2025 | 5.125% | 128,000 | 123,534 |
6 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Panther BF Aggregator 2 LP/Finance Co., Inc.(b) | ||||
05/15/2026 | 6.250% | 60,000 | 58,521 | |
05/15/2027 | 8.500% | 503,000 | 494,646 | |
Tenneco, Inc.(b) | ||||
01/15/2029 | 7.875% | 557,000 | 553,439 | |
04/15/2029 | 5.125% | 1,240,000 | 1,229,738 | |
Total | 15,743,021 | |||
Banking 19.7% | ||||
Bank of America Corp.(c) | ||||
10/22/2030 | 2.884% | 9,530,000 | 7,770,410 | |
07/23/2031 | 1.898% | 19,015,000 | 14,107,442 | |
10/24/2031 | 1.922% | 34,690,000 | 25,486,047 | |
02/04/2033 | 2.972% | 11,010,000 | 8,531,386 | |
Subordinated | ||||
09/21/2036 | 2.482% | 7,200,000 | 5,143,062 | |
Citigroup, Inc.(c) | ||||
06/03/2031 | 2.572% | 12,483,000 | 9,778,115 | |
01/25/2033 | 3.057% | 19,390,000 | 15,145,900 | |
Goldman Sachs Group, Inc. (The)(c) | ||||
07/21/2032 | 2.383% | 14,875,000 | 11,073,981 | |
10/21/2032 | 2.650% | 27,062,000 | 20,446,110 | |
HSBC Holdings PLC(c) | ||||
05/24/2032 | 2.804% | 14,401,000 | 10,327,343 | |
11/22/2032 | 2.871% | 19,440,000 | 13,840,183 | |
JPMorgan Chase & Co.(c) | ||||
10/15/2030 | 2.739% | 18,187,000 | 14,725,565 | |
11/19/2031 | 1.764% | 3,635,000 | 2,644,750 | |
04/22/2032 | 2.580% | 22,216,000 | 17,086,874 | |
11/08/2032 | 2.545% | 20,138,000 | 15,217,914 | |
Morgan Stanley(c) | ||||
07/21/2032 | 2.239% | 13,464,000 | 9,989,801 | |
10/20/2032 | 2.511% | 5,837,000 | 4,399,634 | |
Subordinated | ||||
09/16/2036 | 2.484% | 2,024,000 | 1,437,926 | |
04/20/2037 | 5.297% | 8,580,000 | 7,631,297 | |
Washington Mutual Bank(d),(e),(f) | ||||
Subordinated | ||||
01/15/2015 | 0.000% | 6,350,000 | 9,525 | |
Wells Fargo & Co.(c) | ||||
10/30/2030 | 2.879% | 13,846,000 | 11,347,603 | |
02/11/2031 | 2.572% | 37,514,000 | 29,926,732 | |
Total | 256,067,600 | |||
Brokerage/Asset Managers/Exchanges 0.4% | ||||
AG TTMT Escrow Issuer LLC(b) | ||||
09/30/2027 | 8.625% | 448,000 | 449,732 | |
Hightower Holding LLC(b) | ||||
04/15/2029 | 6.750% | 455,000 | 372,734 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
NFP Corp(b) | ||||
10/01/2030 | 7.500% | 2,497,000 | 2,395,227 | |
NFP Corp.(b) | ||||
08/15/2028 | 4.875% | 492,000 | 430,106 | |
08/15/2028 | 6.875% | 1,340,000 | 1,154,788 | |
Total | 4,802,587 | |||
Building Materials 0.3% | ||||
American Builders & Contractors Supply Co., Inc.(b) | ||||
01/15/2028 | 4.000% | 455,000 | 402,217 | |
Beacon Roofing Supply, Inc.(b) | ||||
11/15/2026 | 4.500% | 550,000 | 505,835 | |
Interface, Inc.(b) | ||||
12/01/2028 | 5.500% | 210,000 | 167,965 | |
James Hardie International Finance DAC(b) | ||||
01/15/2028 | 5.000% | 572,000 | 518,696 | |
SRS Distribution, Inc.(b) | ||||
07/01/2028 | 4.625% | 551,000 | 484,758 | |
07/01/2029 | 6.125% | 439,000 | 360,631 | |
12/01/2029 | 6.000% | 488,000 | 398,015 | |
White Cap Buyer LLC(b) | ||||
10/15/2028 | 6.875% | 567,000 | 481,844 | |
Total | 3,319,961 | |||
Cable and Satellite 2.9% | ||||
CCO Holdings LLC/Capital Corp.(b) | ||||
05/01/2027 | 5.125% | 324,000 | 300,212 | |
03/01/2030 | 4.750% | 1,263,000 | 1,052,302 | |
02/01/2031 | 4.250% | 1,353,000 | 1,068,827 | |
02/01/2032 | 4.750% | 531,000 | 425,688 | |
CCO Holdings LLC/Capital Corp. | ||||
05/01/2032 | 4.500% | 381,000 | 298,369 | |
Charter Communications Operating LLC/Capital | ||||
05/01/2047 | 5.375% | 17,235,000 | 13,287,267 | |
04/01/2063 | 5.500% | 5,013,000 | 3,785,041 | |
Comcast Corp. | ||||
11/01/2056 | 2.937% | 4,717,000 | 2,732,329 | |
CSC Holdings LLC(b) | ||||
01/15/2030 | 5.750% | 664,000 | 511,280 | |
12/01/2030 | 4.125% | 1,316,000 | 1,033,945 | |
02/15/2031 | 3.375% | 504,000 | 365,577 | |
DIRECTV Holdings LLC/Financing Co., Inc.(b) | ||||
08/15/2027 | 5.875% | 748,000 | 673,212 | |
DISH DBS Corp. | ||||
07/01/2026 | 7.750% | 1,153,000 | 974,036 | |
06/01/2029 | 5.125% | 833,000 | 563,037 | |
DISH DBS Corp.(b) | ||||
12/01/2028 | 5.750% | 1,026,000 | 828,070 |
Columbia Corporate Income Fund | Semiannual Report 2022 | 7 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
NBCUniversal Media LLC | ||||
01/15/2043 | 4.450% | 1,810,000 | 1,475,397 | |
Radiate Holdco LLC/Finance, Inc.(b) | ||||
09/15/2026 | 4.500% | 346,000 | 295,432 | |
09/15/2028 | 6.500% | 1,027,000 | 646,404 | |
Sirius XM Radio, Inc.(b) | ||||
09/01/2026 | 3.125% | 1,933,000 | 1,727,511 | |
07/15/2028 | 4.000% | 1,000,000 | 863,180 | |
07/01/2030 | 4.125% | 461,000 | 377,490 | |
Videotron Ltd.(b) | ||||
06/15/2029 | 3.625% | 255,000 | 213,837 | |
Virgin Media Finance PLC(b) | ||||
07/15/2030 | 5.000% | 1,806,000 | 1,446,908 | |
Virgin Media Secured Finance PLC(b) | ||||
05/15/2029 | 5.500% | 168,000 | 152,870 | |
VZ Secured Financing BV(b) | ||||
01/15/2032 | 5.000% | 990,000 | 794,217 | |
Ziggo Bond Co. BV(b) | ||||
02/28/2030 | 5.125% | 509,000 | 402,840 | |
Ziggo Bond Finance BV(b) | ||||
01/15/2027 | 6.000% | 501,000 | 453,285 | |
Ziggo BV(b) | ||||
01/15/2030 | 4.875% | 1,000,000 | 843,905 | |
Total | 37,592,468 | |||
Chemicals 0.8% | ||||
Ashland LLC(b) | ||||
09/01/2031 | 3.375% | 1,000,000 | 783,233 | |
Avient Corp.(b) | ||||
08/01/2030 | 7.125% | 428,000 | 409,569 | |
Axalta Coating Systems LLC(b) | ||||
02/15/2029 | 3.375% | 650,000 | 536,789 | |
Axalta Coating Systems LLC/Dutch Holding B BV(b) | ||||
06/15/2027 | 4.750% | 265,000 | 242,598 | |
Cheever Escrow Issuer LLC(b) | ||||
10/01/2027 | 7.125% | 554,000 | 507,775 | |
Element Solutions, Inc.(b) | ||||
09/01/2028 | 3.875% | 533,000 | 452,814 | |
HB Fuller Co. | ||||
10/15/2028 | 4.250% | 818,000 | 711,900 | |
Herens Holdco Sarl(b) | ||||
05/15/2028 | 4.750% | 369,000 | 302,164 | |
Illuminate Buyer LLC/Holdings IV, Inc.(b) | ||||
07/01/2028 | 9.000% | 355,000 | 300,202 | |
Innophos Holdings, Inc.(b) | ||||
02/15/2028 | 9.375% | 401,000 | 381,954 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Iris Holdings, Inc.(b),(g) | ||||
02/15/2026 | 8.750% | 245,000 | 214,062 | |
Olympus Water US Holding Corp.(b) | ||||
10/01/2028 | 4.250% | 432,000 | 354,499 | |
10/01/2029 | 6.250% | 348,000 | 241,074 | |
SPCM SA(b) | ||||
03/15/2027 | 3.125% | 46,000 | 40,197 | |
Unifrax Escrow Issuer Corp.(b) | ||||
09/30/2028 | 5.250% | 219,000 | 176,081 | |
09/30/2029 | 7.500% | 123,000 | 82,507 | |
WR Grace Holdings LLC(b) | ||||
06/15/2027 | 4.875% | 4,348,000 | 3,803,827 | |
08/15/2029 | 5.625% | 675,000 | 521,794 | |
Total | 10,063,039 | |||
Construction Machinery 0.8% | ||||
H&E Equipment Services, Inc.(b) | ||||
12/15/2028 | 3.875% | 895,000 | 756,941 | |
United Rentals North America, Inc. | ||||
05/15/2027 | 5.500% | 49,000 | 47,827 | |
11/15/2027 | 3.875% | 10,420,000 | 9,479,344 | |
02/15/2031 | 3.875% | 181,000 | 150,059 | |
01/15/2032 | 3.750% | 211,000 | 170,695 | |
Total | 10,604,866 | |||
Consumer Cyclical Services 0.3% | ||||
APX Group, Inc.(b) | ||||
07/15/2029 | 5.750% | 68,000 | 53,657 | |
Arches Buyer, Inc.(b) | ||||
12/01/2028 | 6.125% | 612,000 | 472,374 | |
Match Group, Inc.(b) | ||||
06/01/2028 | 4.625% | 174,000 | 154,610 | |
Staples, Inc.(b) | ||||
04/15/2026 | 7.500% | 338,000 | 293,967 | |
Uber Technologies, Inc.(b) | ||||
05/15/2025 | 7.500% | 778,000 | 778,087 | |
01/15/2028 | 6.250% | 257,000 | 246,737 | |
08/15/2029 | 4.500% | 1,635,000 | 1,401,658 | |
Total | 3,401,090 | |||
Consumer Products 0.3% | ||||
CD&R Smokey Buyer, Inc.(b) | ||||
07/15/2025 | 6.750% | 657,000 | 624,117 | |
Mattel, Inc.(b) | ||||
04/01/2026 | 3.375% | 171,000 | 156,615 | |
04/01/2029 | 3.750% | 532,000 | 460,366 | |
Mattel, Inc. | ||||
11/01/2041 | 5.450% | 54,000 | 42,454 |
8 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Newell Brands, Inc. | ||||
06/01/2025 | 4.875% | 92,000 | 88,763 | |
09/15/2027 | 6.375% | 169,000 | 165,481 | |
09/15/2029 | 6.625% | 240,000 | 234,541 | |
Prestige Brands, Inc.(b) | ||||
01/15/2028 | 5.125% | 509,000 | 472,896 | |
04/01/2031 | 3.750% | 237,000 | 190,718 | |
Scotts Miracle-Gro Co. (The) | ||||
04/01/2031 | 4.000% | 215,000 | 164,655 | |
Spectrum Brands, Inc. | ||||
07/15/2025 | 5.750% | 209,000 | 206,160 | |
Spectrum Brands, Inc.(b) | ||||
10/01/2029 | 5.000% | 292,000 | 238,529 | |
07/15/2030 | 5.500% | 36,000 | 29,156 | |
Tempur Sealy International, Inc.(b) | ||||
10/15/2031 | 3.875% | 303,000 | 228,120 | |
Total | 3,302,571 | |||
Diversified Manufacturing 2.6% | ||||
BWX Technologies, Inc.(b) | ||||
06/30/2028 | 4.125% | 231,000 | 203,883 | |
Carrier Global Corp. | ||||
02/15/2030 | 2.722% | 27,543,000 | 22,629,181 | |
Gates Global LLC/Co.(b) | ||||
01/15/2026 | 6.250% | 807,000 | 775,611 | |
GE Capital International Funding Co. Unlimited Co. | ||||
11/15/2035 | 4.418% | 8,827,000 | 7,780,372 | |
Madison IAQ LLC(b) | ||||
06/30/2028 | 4.125% | 600,000 | 500,804 | |
06/30/2029 | 5.875% | 538,000 | 370,108 | |
Resideo Funding, Inc.(b) | ||||
09/01/2029 | 4.000% | 422,000 | 345,278 | |
Vertical US Newco, Inc.(b) | ||||
07/15/2027 | 5.250% | 526,000 | 471,628 | |
WESCO Distribution, Inc.(b) | ||||
06/15/2025 | 7.125% | 302,000 | 305,023 | |
06/15/2028 | 7.250% | 558,000 | 565,924 | |
Total | 33,947,812 | |||
Electric 12.2% | ||||
AEP Texas, Inc. | ||||
01/15/2050 | 3.450% | 14,242,000 | 9,264,471 | |
AES Corp. (The) | ||||
01/15/2031 | 2.450% | 6,605,000 | 4,988,695 | |
American Electric Power Co., Inc.(h) | ||||
11/01/2032 | 5.950% | 3,021,000 | 3,000,367 | |
American Transmission Systems, Inc.(b) | ||||
01/15/2032 | 2.650% | 2,737,000 | 2,137,726 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CenterPoint Energy, Inc. | ||||
09/01/2024 | 2.500% | 3,517,000 | 3,329,934 | |
Clearway Energy Operating LLC(b) | ||||
03/15/2028 | 4.750% | 1,709,000 | 1,585,214 | |
02/15/2031 | 3.750% | 1,052,000 | 875,573 | |
01/15/2032 | 3.750% | 215,000 | 170,727 | |
CMS Energy Corp. | ||||
11/15/2025 | 3.600% | 8,564,000 | 8,075,666 | |
Dominion Energy, Inc. | ||||
08/15/2052 | 4.850% | 6,180,000 | 5,078,304 | |
DTE Energy Co. | ||||
11/01/2024 | 4.220% | 11,569,000 | 11,296,590 | |
06/15/2029 | 3.400% | 8,476,000 | 7,334,001 | |
Duke Energy Corp. | ||||
06/15/2031 | 2.550% | 11,660,000 | 9,133,503 | |
08/15/2052 | 5.000% | 8,650,000 | 7,144,281 | |
Emera US Finance LP | ||||
06/15/2046 | 4.750% | 4,303,000 | 3,199,613 | |
Eversource Energy | ||||
10/01/2024 | 2.900% | 5,000,000 | 4,775,893 | |
08/15/2030 | 1.650% | 24,816,000 | 18,617,281 | |
Exelon Corp.(b) | ||||
03/15/2032 | 3.350% | 10,315,000 | 8,575,142 | |
Georgia Power Co. | ||||
03/15/2042 | 4.300% | 12,855,000 | 10,379,462 | |
Jersey Central Power & Light Co.(b) | ||||
03/01/2032 | 2.750% | 1,783,000 | 1,390,388 | |
Leeward Renewable Energy Operations LLC(b) | ||||
07/01/2029 | 4.250% | 130,000 | 105,401 | |
NextEra Energy Operating Partners LP(b) | ||||
09/15/2027 | 4.500% | 425,000 | 395,904 | |
NRG Energy, Inc. | ||||
01/15/2028 | 5.750% | 7,000 | 6,664 | |
NRG Energy, Inc.(b) | ||||
06/15/2029 | 5.250% | 2,298,000 | 2,088,205 | |
02/15/2031 | 3.625% | 600,000 | 477,522 | |
02/15/2032 | 3.875% | 549,000 | 433,444 | |
Pacific Gas and Electric Co. | ||||
07/01/2050 | 4.950% | 7,360,000 | 5,491,953 | |
PG&E Corp. | ||||
07/01/2030 | 5.250% | 398,000 | 352,509 | |
Southern California Edison Co. | ||||
04/01/2047 | 4.000% | 1,665,000 | 1,192,839 | |
Southern Co. (The) | ||||
07/01/2046 | 4.400% | 5,220,000 | 4,050,323 |
Columbia Corporate Income Fund | Semiannual Report 2022 | 9 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Vistra Operations Co. LLC(b) | ||||
09/01/2026 | 5.500% | 159,000 | 152,520 | |
02/15/2027 | 5.625% | 408,000 | 388,839 | |
07/31/2027 | 5.000% | 252,000 | 232,476 | |
05/01/2029 | 4.375% | 310,000 | 265,684 | |
WEC Energy Group, Inc. | ||||
10/01/2027 | 5.150% | 7,652,000 | 7,527,903 | |
10/15/2027 | 1.375% | 7,695,000 | 6,316,409 | |
Xcel Energy, Inc. | ||||
11/15/2031 | 2.350% | 5,588,000 | 4,295,949 | |
12/01/2049 | 3.500% | 6,349,000 | 4,285,446 | |
Total | 158,412,821 | |||
Environmental 1.2% | ||||
GFL Environmental, Inc.(b) | ||||
06/01/2025 | 4.250% | 95,000 | 91,032 | |
08/01/2025 | 3.750% | 7,660,000 | 7,238,600 | |
12/15/2026 | 5.125% | 364,000 | 347,153 | |
08/01/2028 | 4.000% | 320,000 | 274,398 | |
06/15/2029 | 4.750% | 509,000 | 444,540 | |
Waste Connections, Inc. | ||||
01/15/2033 | 4.200% | 7,655,000 | 6,913,478 | |
Waste Pro USA, Inc.(b) | ||||
02/15/2026 | 5.500% | 941,000 | 870,372 | |
Total | 16,179,573 | |||
Finance Companies 0.4% | ||||
Navient Corp. | ||||
01/25/2023 | 5.500% | 508,000 | 508,057 | |
10/25/2024 | 5.875% | 111,000 | 107,950 | |
06/15/2026 | 6.750% | 475,000 | 448,175 | |
OneMain Finance Corp. | ||||
09/15/2030 | 4.000% | 35,000 | 26,392 | |
Provident Funding Associates LP/Finance Corp.(b) | ||||
06/15/2025 | 6.375% | 383,000 | 338,533 | |
Quicken Loans LLC/Co-Issuer, Inc.(b) | ||||
03/01/2029 | 3.625% | 321,000 | 248,755 | |
Rocket Mortgage LLC/Co-Issuer, Inc.(b) | ||||
10/15/2033 | 4.000% | 3,812,000 | 2,660,995 | |
Springleaf Finance Corp. | ||||
03/15/2024 | 6.125% | 585,000 | 571,668 | |
Total | 4,910,525 | |||
Food and Beverage 3.4% | ||||
Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | ||||
02/01/2046 | 4.900% | 15,141,000 | 13,135,455 | |
Bacardi Ltd.(b) | ||||
05/15/2038 | 5.150% | 3,790,000 | 3,175,641 | |
05/15/2048 | 5.300% | 8,920,000 | 7,301,569 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Darling Ingredients, Inc.(b) | ||||
06/15/2030 | 6.000% | 552,000 | 531,277 | |
FAGE International SA/USA Dairy Industry, Inc.(b) | ||||
08/15/2026 | 5.625% | 2,056,000 | 1,822,537 | |
JBS USA LUX SA/Food Co./Finance, Inc.(b) | ||||
12/01/2031 | 3.750% | 248,000 | 193,912 | |
Kraft Heinz Foods Co. | ||||
06/01/2046 | 4.375% | 5,916,000 | 4,622,531 | |
Lamb Weston Holdings, Inc.(b) | ||||
01/31/2032 | 4.375% | 463,000 | 398,885 | |
Mondelez International, Inc. | ||||
03/17/2027 | 2.625% | 7,780,000 | 6,930,562 | |
Pilgrim’s Pride Corp.(b) | ||||
09/30/2027 | 5.875% | 261,000 | 255,318 | |
04/15/2031 | 4.250% | 1,905,000 | 1,595,715 | |
03/01/2032 | 3.500% | 1,246,000 | 956,366 | |
Post Holdings, Inc.(b) | ||||
03/01/2027 | 5.750% | 910,000 | 881,560 | |
04/15/2030 | 4.625% | 736,000 | 622,163 | |
09/15/2031 | 4.500% | 523,000 | 432,514 | |
Primo Water Holdings, Inc.(b) | ||||
04/30/2029 | 4.375% | 309,000 | 259,341 | |
Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed(b) | ||||
03/01/2029 | 4.625% | 418,000 | 348,817 | |
Triton Water Holdings, Inc.(b) | ||||
04/01/2029 | 6.250% | 510,000 | 387,372 | |
US Foods, Inc.(b) | ||||
02/15/2029 | 4.750% | 523,000 | 465,349 | |
06/01/2030 | 4.625% | 354,000 | 307,511 | |
Total | 44,624,395 | |||
Gaming 0.6% | ||||
Boyd Gaming Corp. | ||||
12/01/2027 | 4.750% | 205,000 | 187,853 | |
Boyd Gaming Corp.(b) | ||||
06/15/2031 | 4.750% | 503,000 | 425,073 | |
Caesars Entertainment, Inc.(b) | ||||
10/15/2029 | 4.625% | 1,543,000 | 1,234,754 | |
Colt Merger Sub, Inc.(b) | ||||
07/01/2025 | 5.750% | 664,000 | 649,206 | |
07/01/2025 | 6.250% | 625,000 | 610,168 | |
07/01/2027 | 8.125% | 56,000 | 54,475 | |
International Game Technology PLC(b) | ||||
04/15/2026 | 4.125% | 2,003,000 | 1,858,283 | |
MGM Resorts International | ||||
05/01/2025 | 6.750% | 1,375,000 | 1,356,870 | |
Midwest Gaming Borrower LLC(b) | ||||
05/01/2029 | 4.875% | 414,000 | 352,936 |
10 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Penn National Gaming, Inc.(b) | ||||
07/01/2029 | 4.125% | 242,000 | 192,399 | |
Scientific Games Holdings LP/US FinCo, Inc.(b) | ||||
03/01/2030 | 6.625% | 719,000 | 622,916 | |
Scientific Games International, Inc.(b) | ||||
07/01/2025 | 8.625% | 104,000 | 107,185 | |
11/15/2029 | 7.250% | 579,000 | 559,394 | |
Wynn Resorts Finance LLC/Capital Corp.(b) | ||||
04/15/2025 | 7.750% | 94,000 | 91,623 | |
10/01/2029 | 5.125% | 126,000 | 100,428 | |
Total | 8,403,563 | |||
Health Care 2.5% | ||||
Acadia Healthcare Co., Inc.(b) | ||||
07/01/2028 | 5.500% | 1,258,000 | 1,167,099 | |
04/15/2029 | 5.000% | 109,000 | 98,200 | |
AdaptHealth LLC(b) | ||||
08/01/2029 | 4.625% | 1,135,000 | 966,726 | |
03/01/2030 | 5.125% | 749,000 | 649,497 | |
Avantor Funding, Inc.(b) | ||||
07/15/2028 | 4.625% | 914,000 | 825,624 | |
11/01/2029 | 3.875% | 941,000 | 794,313 | |
Catalent Pharma Solutions, Inc.(b) | ||||
04/01/2030 | 3.500% | 288,000 | 232,583 | |
Charles River Laboratories International, Inc.(b) | ||||
03/15/2029 | 3.750% | 148,000 | 128,095 | |
03/15/2031 | 4.000% | 194,000 | 163,257 | |
CHS/Community Health Systems, Inc.(b) | ||||
04/15/2029 | 6.875% | 459,000 | 189,198 | |
05/15/2030 | 5.250% | 1,288,000 | 892,129 | |
02/15/2031 | 4.750% | 244,000 | 163,735 | |
CVS Health Corp. | ||||
03/25/2048 | 5.050% | 8,535,000 | 7,247,634 | |
Encompass Health Corp. | ||||
02/01/2028 | 4.500% | 1,000,000 | 894,150 | |
HCA, Inc.(b) | ||||
03/15/2052 | 4.625% | 16,191,000 | 11,903,274 | |
Indigo Merger Sub, Inc.(b) | ||||
07/15/2026 | 2.875% | 200,000 | 181,851 | |
Mozart Debt Merger Sub, Inc.(b) | ||||
04/01/2029 | 3.875% | 100,000 | 81,680 | |
10/01/2029 | 5.250% | 215,000 | 167,589 | |
Owens & Minor, Inc.(b) | ||||
04/01/2030 | 6.625% | 459,000 | 383,186 | |
Radiology Partners, Inc.(b) | ||||
02/01/2028 | 9.250% | 151,000 | 80,388 | |
RP Escrow Issuer LLC(b) | ||||
12/15/2025 | 5.250% | 420,000 | 315,994 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Select Medical Corp.(b) | ||||
08/15/2026 | 6.250% | 1,121,000 | 1,069,513 | |
Tenet Healthcare Corp.(b) | ||||
01/01/2026 | 4.875% | 405,000 | 382,815 | |
02/01/2027 | 6.250% | 394,000 | 378,540 | |
11/01/2027 | 5.125% | 1,793,000 | 1,643,329 | |
10/01/2028 | 6.125% | 721,000 | 625,119 | |
01/15/2030 | 4.375% | 465,000 | 390,880 | |
Total | 32,016,398 | |||
Healthcare Insurance 2.4% | ||||
Aetna, Inc. | ||||
11/15/2042 | 4.125% | 2,500,000 | 1,889,434 | |
Centene Corp. | ||||
02/15/2030 | 3.375% | 7,594,000 | 6,305,696 | |
10/15/2030 | 3.000% | 2,046,000 | 1,642,777 | |
03/01/2031 | 2.500% | 6,742,000 | 5,152,669 | |
UnitedHealth Group, Inc. | ||||
02/15/2063 | 6.050% | 15,083,000 | 15,518,935 | |
Total | 30,509,511 | |||
Home Construction 0.1% | ||||
Meritage Homes Corp. | ||||
06/01/2025 | 6.000% | 330,000 | 322,414 | |
Meritage Homes Corp.(b) | ||||
04/15/2029 | 3.875% | 423,000 | 342,910 | |
Shea Homes LP/Funding Corp.(b) | ||||
02/15/2028 | 4.750% | 171,000 | 144,205 | |
04/01/2029 | 4.750% | 65,000 | 52,964 | |
Taylor Morrison Communities, Inc.(b) | ||||
01/15/2028 | 5.750% | 193,000 | 177,025 | |
08/01/2030 | 5.125% | 355,000 | 295,144 | |
Total | 1,334,662 | |||
Independent Energy 1.3% | ||||
Apache Corp. | ||||
02/01/2042 | 5.250% | 748,000 | 599,960 | |
04/15/2043 | 4.750% | 403,000 | 302,982 | |
Callon Petroleum Co. | ||||
07/01/2026 | 6.375% | 922,000 | 887,546 | |
Callon Petroleum Co.(b) | ||||
08/01/2028 | 8.000% | 191,000 | 190,467 | |
Canadian Natural Resources Ltd. | ||||
06/01/2027 | 3.850% | 4,885,000 | 4,508,574 | |
CNX Resources Corp.(b) | ||||
03/14/2027 | 7.250% | 57,000 | 56,550 | |
01/15/2029 | 6.000% | 519,000 | 484,898 | |
01/15/2031 | 7.375% | 200,000 | 198,551 |
Columbia Corporate Income Fund | Semiannual Report 2022 | 11 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Colgate Energy Partners III LLC(b) | ||||
07/01/2029 | 5.875% | 705,000 | 657,918 | |
Comstock Resources, Inc.(b) | ||||
03/01/2029 | 6.750% | 235,000 | 225,027 | |
01/15/2030 | 5.875% | 174,000 | 158,870 | |
CrownRock LP/Finance, Inc.(b) | ||||
10/15/2025 | 5.625% | 219,000 | 211,767 | |
05/01/2029 | 5.000% | 153,000 | 140,103 | |
Endeavor Energy Resources LP/Finance, Inc.(b) | ||||
01/30/2028 | 5.750% | 158,000 | 153,820 | |
Hilcorp Energy I LP/Finance Co.(b) | ||||
02/01/2029 | 5.750% | 731,000 | 668,992 | |
04/15/2030 | 6.000% | 226,000 | 205,901 | |
02/01/2031 | 6.000% | 300,000 | 272,095 | |
04/15/2032 | 6.250% | 353,000 | 324,981 | |
Matador Resources Co. | ||||
09/15/2026 | 5.875% | 520,000 | 510,900 | |
Occidental Petroleum Corp. | ||||
07/15/2025 | 8.000% | 786,000 | 834,086 | |
09/01/2030 | 6.625% | 593,000 | 617,179 | |
01/01/2031 | 6.125% | 1,173,000 | 1,177,463 | |
09/15/2036 | 6.450% | 208,000 | 206,569 | |
08/15/2039 | 4.300% | 1,250,000 | 1,029,103 | |
03/15/2046 | 6.600% | 1,048,000 | 1,032,908 | |
Southwestern Energy Co. | ||||
02/01/2029 | 5.375% | 227,000 | 211,393 | |
02/01/2032 | 4.750% | 1,134,000 | 982,868 | |
Total | 16,851,471 | |||
Integrated Energy 0.3% | ||||
BP Capital Markets America, Inc. | ||||
03/17/2052 | 3.001% | 755,000 | 469,427 | |
Cenovus Energy, Inc. | ||||
02/15/2052 | 3.750% | 5,913,000 | 3,943,303 | |
Total | 4,412,730 | |||
Leisure 0.5% | ||||
Carnival Corp.(b) | ||||
03/01/2027 | 5.750% | 1,309,000 | 908,470 | |
08/01/2028 | 4.000% | 740,000 | 597,084 | |
05/01/2029 | 6.000% | 572,000 | 378,433 | |
Carnival Holdings Bermuda Ltd.(b) | ||||
05/01/2028 | 10.375% | 354,000 | 358,986 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC(b) | ||||
05/01/2025 | 5.500% | 300,000 | 297,959 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC | ||||
10/01/2028 | 6.500% | 472,000 | 443,642 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Cinemark USA, Inc.(b) | ||||
05/01/2025 | 8.750% | 121,000 | 121,876 | |
03/15/2026 | 5.875% | 701,000 | 591,109 | |
07/15/2028 | 5.250% | 225,000 | 172,674 | |
Live Nation Entertainment, Inc.(b) | ||||
05/15/2027 | 6.500% | 258,000 | 256,638 | |
10/15/2027 | 4.750% | 398,000 | 354,369 | |
NCL Corp., Ltd.(b) | ||||
02/15/2029 | 7.750% | 112,000 | 89,296 | |
Royal Caribbean Cruises Ltd.(b) | ||||
07/01/2026 | 4.250% | 292,000 | 232,565 | |
08/31/2026 | 5.500% | 426,000 | 347,899 | |
07/15/2027 | 5.375% | 226,000 | 177,341 | |
08/15/2027 | 11.625% | 605,000 | 587,924 | |
04/01/2028 | 5.500% | 388,000 | 298,763 | |
01/15/2029 | 8.250% | 525,000 | 523,334 | |
Royal Caribbean Cruises Ltd. | ||||
03/15/2028 | 3.700% | 368,000 | 265,155 | |
Total | 7,003,517 | |||
Life Insurance 8.5% | ||||
AIG Global Funding(b) | ||||
09/22/2025 | 0.900% | 6,680,000 | 5,870,500 | |
CoreBridge Financial, Inc.(b) | ||||
04/05/2027 | 3.650% | 3,085,000 | 2,797,800 | |
Five Corners Funding Trust(b) | ||||
11/15/2023 | 4.419% | 23,065,000 | 22,792,835 | |
Guardian Life Global Funding(b) | ||||
12/10/2025 | 0.875% | 13,510,000 | 11,769,757 | |
New York Life Insurance Co.(b) | ||||
Subordinated | ||||
05/15/2050 | 3.750% | 2,780,000 | 1,976,491 | |
Northwestern Mutual Global Funding(b) | ||||
01/14/2026 | 0.800% | 8,667,000 | 7,530,596 | |
Northwestern Mutual Life Insurance Co. (The)(b) | ||||
Subordinated | ||||
09/30/2059 | 3.625% | 8,678,000 | 5,583,961 | |
Pacific Life Global Funding II(b) | ||||
04/14/2026 | 1.375% | 17,139,000 | 14,920,059 | |
Peachtree Corners Funding Trust(b) | ||||
02/15/2025 | 3.976% | 16,462,000 | 15,789,876 | |
Principal Life Global Funding II(b) | ||||
11/21/2024 | 2.250% | 11,590,000 | 10,854,590 | |
08/16/2026 | 1.250% | 1,000,000 | 850,377 | |
Teachers Insurance & Annuity Association of America(b) | ||||
Subordinated | ||||
09/15/2044 | 4.900% | 4,715,000 | 4,028,228 | |
05/15/2050 | 3.300% | 8,368,000 | 5,418,690 |
12 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Voya Financial, Inc. | ||||
06/15/2046 | 4.800% | 825,000 | 627,467 | |
Total | 110,811,227 | |||
Lodging 0.0% | ||||
Hilton Domestic Operating Co., Inc.(b) | ||||
05/01/2025 | 5.375% | 310,000 | 305,263 | |
Marriott Ownership Resorts, Inc.(b) | ||||
06/15/2029 | 4.500% | 128,000 | 107,137 | |
Total | 412,400 | |||
Media and Entertainment 3.7% | ||||
Cengage Learning, Inc.(b) | ||||
06/15/2024 | 9.500% | 524,000 | 496,513 | |
Clear Channel International BV(b) | ||||
08/01/2025 | 6.625% | 274,000 | 261,138 | |
Clear Channel Outdoor Holdings, Inc.(b) | ||||
04/15/2028 | 7.750% | 1,353,000 | 1,103,824 | |
06/01/2029 | 7.500% | 433,000 | 340,433 | |
iHeartCommunications, Inc. | ||||
05/01/2026 | 6.375% | 261,962 | 249,030 | |
05/01/2027 | 8.375% | 884,518 | 795,206 | |
iHeartCommunications, Inc.(b) | ||||
08/15/2027 | 5.250% | 102,000 | 92,964 | |
01/15/2028 | 4.750% | 749,000 | 653,436 | |
Magallanes, Inc.(b) | ||||
03/15/2062 | 5.391% | 31,436,000 | 21,920,265 | |
Netflix, Inc. | ||||
11/15/2028 | 5.875% | 995,000 | 988,391 | |
05/15/2029 | 6.375% | 388,000 | 395,699 | |
Netflix, Inc.(b) | ||||
11/15/2029 | 5.375% | 18,947,000 | 18,141,242 | |
06/15/2030 | 4.875% | 725,000 | 671,078 | |
Outfront Media Capital LLC/Corp.(b) | ||||
01/15/2029 | 4.250% | 216,000 | 177,571 | |
03/15/2030 | 4.625% | 367,000 | 302,825 | |
Playtika Holding Corp.(b) | ||||
03/15/2029 | 4.250% | 283,000 | 235,684 | |
Roblox Corp.(b) | ||||
05/01/2030 | 3.875% | 453,000 | 371,847 | |
Scripps Escrow, Inc.(b) | ||||
07/15/2027 | 5.875% | 564,000 | 510,855 | |
Univision Communications, Inc.(b) | ||||
05/01/2029 | 4.500% | 248,000 | 209,222 | |
06/30/2030 | 7.375% | 431,000 | 419,685 | |
Total | 48,336,908 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Metals and Mining 0.6% | ||||
Allegheny Technologies, Inc. | ||||
10/01/2029 | 4.875% | 122,000 | 102,502 | |
10/01/2031 | 5.125% | 590,000 | 494,724 | |
Constellium NV(b) | ||||
02/15/2026 | 5.875% | 376,000 | 349,789 | |
Constellium SE(b) | ||||
06/15/2028 | 5.625% | 893,000 | 785,133 | |
04/15/2029 | 3.750% | 491,000 | 384,983 | |
Hudbay Minerals, Inc.(b) | ||||
04/01/2026 | 4.500% | 344,000 | 302,288 | |
04/01/2029 | 6.125% | 403,000 | 333,603 | |
Kaiser Aluminum Corp.(b) | ||||
03/01/2028 | 4.625% | 91,000 | 79,612 | |
06/01/2031 | 4.500% | 836,000 | 656,506 | |
Novelis Corp.(b) | ||||
11/15/2026 | 3.250% | 370,000 | 325,790 | |
01/30/2030 | 4.750% | 3,836,000 | 3,263,080 | |
08/15/2031 | 3.875% | 367,000 | 284,618 | |
Total | 7,362,628 | |||
Midstream 3.4% | ||||
CNX Midstream Partners LP(b) | ||||
04/15/2030 | 4.750% | 485,000 | 399,275 | |
DT Midstream, Inc.(b) | ||||
06/15/2029 | 4.125% | 318,000 | 274,823 | |
06/15/2031 | 4.375% | 637,000 | 536,703 | |
Enterprise Products Operating LLC | ||||
03/15/2044 | 4.850% | 1,846,000 | 1,515,639 | |
01/31/2060 | 3.950% | 4,407,000 | 2,935,424 | |
EQM Midstream Partners LP | ||||
08/01/2024 | 4.000% | 562,000 | 531,998 | |
07/15/2048 | 6.500% | 230,000 | 177,180 | |
EQM Midstream Partners LP(b) | ||||
07/01/2025 | 6.000% | 212,000 | 205,487 | |
07/01/2027 | 6.500% | 307,000 | 299,281 | |
01/15/2029 | 4.500% | 333,000 | 283,069 | |
01/15/2031 | 4.750% | 1,171,000 | 978,300 | |
Hess Midstream Operations LP(b) | ||||
02/15/2030 | 4.250% | 143,000 | 122,248 | |
Holly Energy Partners LP/Finance Corp.(b) | ||||
04/15/2027 | 6.375% | 274,000 | 264,628 | |
ITT Holdings LLC(b) | ||||
08/01/2029 | 6.500% | 210,000 | 169,039 | |
Kinder Morgan Energy Partners LP | ||||
03/01/2043 | 5.000% | 5,946,000 | 4,788,364 | |
Kinder Morgan, Inc. | ||||
02/15/2046 | 5.050% | 3,281,000 | 2,651,852 | |
08/01/2052 | 5.450% | 2,663,000 | 2,252,540 |
Columbia Corporate Income Fund | Semiannual Report 2022 | 13 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
MPLX LP | ||||
04/15/2048 | 4.700% | 1,199,000 | 894,707 | |
03/14/2052 | 4.950% | 3,022,000 | 2,341,310 | |
NuStar Logistics LP | ||||
10/01/2025 | 5.750% | 182,000 | 176,503 | |
06/01/2026 | 6.000% | 132,000 | 127,920 | |
04/28/2027 | 5.625% | 247,000 | 229,400 | |
Plains All American Pipeline LP/Finance Corp. | ||||
06/15/2044 | 4.700% | 9,270,000 | 6,553,216 | |
Sunoco LP/Finance Corp. | ||||
04/15/2027 | 6.000% | 316,000 | 309,605 | |
Targa Resources Partners LP/Finance Corp. | ||||
01/15/2028 | 5.000% | 357,000 | 329,275 | |
03/01/2030 | 5.500% | 869,000 | 801,356 | |
TransMontaigne Partners LP/TLP Finance Corp. | ||||
02/15/2026 | 6.125% | 747,000 | 639,408 | |
Venture Global Calcasieu Pass LLC(b) | ||||
08/15/2029 | 3.875% | 699,000 | 604,735 | |
08/15/2031 | 4.125% | 1,016,000 | 868,602 | |
11/01/2033 | 3.875% | 562,000 | 451,051 | |
Western Gas Partners LP | ||||
03/01/2048 | 5.300% | 1,543,000 | 1,233,463 | |
08/15/2048 | 5.500% | 2,776,000 | 2,255,656 | |
Williams Companies, Inc. (The) | ||||
09/15/2045 | 5.100% | 2,955,000 | 2,433,890 | |
Williams Cos, Inc. (The) | ||||
08/15/2052 | 5.300% | 6,184,000 | 5,217,688 | |
Total | 43,853,635 | |||
Natural Gas 1.6% | ||||
NiSource, Inc. | ||||
09/01/2029 | 2.950% | 13,755,000 | 11,501,531 | |
05/15/2047 | 4.375% | 11,881,000 | 9,173,220 | |
Total | 20,674,751 | |||
Oil Field Services 0.1% | ||||
Nabors Industries Ltd.(b) | ||||
01/15/2026 | 7.250% | 220,000 | 212,151 | |
Transocean Guardian Ltd.(b) | ||||
01/15/2024 | 5.875% | 68,392 | 66,565 | |
Transocean Sentry Ltd.(b) | ||||
05/15/2023 | 5.375% | 356,484 | 352,287 | |
Total | 631,003 | |||
Other Industry 0.0% | ||||
Hillenbrand, Inc. | ||||
03/01/2031 | 3.750% | 215,000 | 172,328 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Other REIT 0.5% | ||||
Blackstone Mortgage Trust, Inc.(b) | ||||
01/15/2027 | 3.750% | 621,000 | 528,338 | |
Ladder Capital Finance Holdings LLLP/Corp.(b) | ||||
10/01/2025 | 5.250% | 558,000 | 514,624 | |
02/01/2027 | 4.250% | 390,000 | 329,663 | |
06/15/2029 | 4.750% | 3,536,000 | 2,826,447 | |
Park Intermediate Holdings LLC/Domestic Property/Finance Co-Issuer(b) | ||||
10/01/2028 | 5.875% | 384,000 | 348,397 | |
Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer(b) | ||||
05/15/2029 | 4.875% | 317,000 | 270,953 | |
RHP Hotel Properties LP/Finance Corp.(b) | ||||
02/15/2029 | 4.500% | 216,000 | 189,439 | |
RLJ Lodging Trust LP(b) | ||||
07/01/2026 | 3.750% | 222,000 | 203,112 | |
09/15/2029 | 4.000% | 275,000 | 230,325 | |
Service Properties Trust | ||||
03/15/2024 | 4.650% | 209,000 | 198,977 | |
10/01/2024 | 4.350% | 98,000 | 90,000 | |
12/15/2027 | 5.500% | 129,000 | 111,127 | |
Total | 5,841,402 | |||
Packaging 0.4% | ||||
Ardagh Metal Packaging Finance USA LLC/PLC(b) | ||||
06/15/2027 | 6.000% | 501,000 | 480,703 | |
09/01/2029 | 4.000% | 769,000 | 585,646 | |
Ardagh Packaging Finance PLC/Holdings USA, Inc.(b) | ||||
08/15/2026 | 4.125% | 594,000 | 510,989 | |
Berry Global, Inc. | ||||
01/15/2026 | 1.570% | 2,125,000 | 1,842,607 | |
Canpack SA/US LLC(b) | ||||
11/15/2029 | 3.875% | 829,000 | 658,298 | |
Trivium Packaging Finance BV(b) | ||||
08/15/2026 | 5.500% | 178,000 | 163,657 | |
08/15/2027 | 8.500% | 399,000 | 378,548 | |
Total | 4,620,448 | |||
Pharmaceuticals 1.2% | ||||
1375209 BC Ltd.(b) | ||||
01/30/2028 | 9.000% | 97,000 | 94,412 | |
AbbVie, Inc. | ||||
05/14/2035 | 4.500% | 3,064,000 | 2,725,119 | |
11/06/2042 | 4.400% | 4,425,000 | 3,623,291 | |
11/14/2048 | 4.875% | 1,296,000 | 1,109,598 | |
11/21/2049 | 4.250% | 689,000 | 534,371 | |
Amgen, Inc. | ||||
03/01/2053 | 4.875% | 2,054,000 | 1,742,106 | |
02/22/2062 | 4.400% | 5,792,000 | 4,405,408 |
14 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Bausch Health Companies, Inc.(b) | ||||
02/01/2027 | 6.125% | 486,000 | 320,426 | |
06/01/2028 | 4.875% | 152,000 | 93,277 | |
09/30/2028 | 11.000% | 173,000 | 135,074 | |
10/15/2030 | 14.000% | 34,000 | 19,471 | |
Endo Dac/Finance LLC/Finco, Inc.(b),(e) | ||||
06/30/2028 | 0.000% | 260,000 | 12,574 | |
Grifols Escrow Issuer SA(b) | ||||
10/15/2028 | 4.750% | 352,000 | 275,238 | |
Organon Finance 1 LLC(b) | ||||
04/30/2028 | 4.125% | 419,000 | 368,790 | |
04/30/2031 | 5.125% | 808,000 | 686,047 | |
Total | 16,145,202 | |||
Property & Casualty 0.4% | ||||
Alliant Holdings Intermediate LLC/Co-Issuer(b) | ||||
10/15/2027 | 4.250% | 32,000 | 28,915 | |
10/15/2027 | 6.750% | 834,000 | 762,268 | |
11/01/2029 | 5.875% | 332,000 | 281,945 | |
AssuredPartners, Inc.(b) | ||||
08/15/2025 | 7.000% | 568,000 | 547,856 | |
01/15/2029 | 5.625% | 608,000 | 499,989 | |
BroadStreet Partners, Inc.(b) | ||||
04/15/2029 | 5.875% | 716,000 | 578,760 | |
GTCR AP Finance, Inc.(b) | ||||
05/15/2027 | 8.000% | 39,000 | 37,194 | |
HUB International Ltd.(b) | ||||
05/01/2026 | 7.000% | 1,250,000 | 1,233,679 | |
12/01/2029 | 5.625% | 622,000 | 534,606 | |
Ryan Specialty Group LLC(b) | ||||
02/01/2030 | 4.375% | 75,000 | 63,977 | |
USI, Inc.(b) | ||||
05/01/2025 | 6.875% | 321,000 | 313,102 | |
Total | 4,882,291 | |||
Restaurants 0.1% | ||||
Fertitta Entertainment LLC/Finance Co., Inc.(b) | ||||
01/15/2030 | 6.750% | 605,000 | 474,856 | |
IRB Holding Corp.(b) | ||||
06/15/2025 | 7.000% | 874,000 | 874,347 | |
Yum! Brands, Inc. | ||||
04/01/2032 | 5.375% | 558,000 | 499,225 | |
Total | 1,848,428 | |||
Retailers 1.4% | ||||
Asbury Automotive Group, Inc.(b) | ||||
11/15/2029 | 4.625% | 142,000 | 116,770 | |
Group 1 Automotive, Inc.(b) | ||||
08/15/2028 | 4.000% | 100,000 | 82,321 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
L Brands, Inc.(b) | ||||
07/01/2025 | 9.375% | 37,000 | 38,551 | |
10/01/2030 | 6.625% | 498,000 | 446,202 | |
L Brands, Inc. | ||||
06/15/2029 | 7.500% | 113,000 | 107,173 | |
11/01/2035 | 6.875% | 227,000 | 193,029 | |
LCM Investments Holdings II LLC(b) | ||||
05/01/2029 | 4.875% | 273,000 | 231,065 | |
Lithia Motors, Inc.(b) | ||||
01/15/2031 | 4.375% | 255,000 | 207,511 | |
Lowe’s Companies, Inc. | ||||
04/01/2062 | 4.450% | 9,805,000 | 7,149,001 | |
09/15/2062 | 5.800% | 9,753,000 | 8,731,577 | |
PetSmart, Inc./Finance Corp.(b) | ||||
02/15/2028 | 4.750% | 423,000 | 385,583 | |
02/15/2029 | 7.750% | 603,000 | 566,132 | |
Total | 18,254,915 | |||
Supermarkets 0.1% | ||||
Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC(b) | ||||
03/15/2026 | 7.500% | 147,000 | 150,678 | |
Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(b) | ||||
03/15/2026 | 3.250% | 223,000 | 200,764 | |
01/15/2027 | 4.625% | 339,000 | 314,410 | |
Total | 665,852 | |||
Technology 5.7% | ||||
Black Knight InfoServ LLC(b) | ||||
09/01/2028 | 3.625% | 595,000 | 517,473 | |
Block, Inc. | ||||
06/01/2026 | 2.750% | 103,000 | 92,175 | |
06/01/2031 | 3.500% | 217,000 | 174,699 | |
Boxer Parent Co., Inc.(b) | ||||
10/02/2025 | 7.125% | 82,000 | 80,718 | |
Broadcom, Inc.(b) | ||||
11/15/2036 | 3.187% | 13,816,000 | 9,426,797 | |
Clarivate Science Holdings Corp.(b) | ||||
07/01/2028 | 3.875% | 258,000 | 223,469 | |
07/01/2029 | 4.875% | 695,000 | 579,483 | |
Condor Merger Sub, Inc.(b) | ||||
02/15/2030 | 7.375% | 940,000 | 778,679 | |
Dun & Bradstreet Corp. (The)(b) | ||||
12/15/2029 | 5.000% | 197,000 | 166,962 | |
Entegris Escrow Corp.(b) | ||||
04/15/2029 | 4.750% | 180,000 | 160,731 | |
06/15/2030 | 5.950% | 633,000 | 578,430 | |
Fidelity National Information Services, Inc. | ||||
07/15/2052 | 5.625% | 4,019,000 | 3,511,671 |
Columbia Corporate Income Fund | Semiannual Report 2022 | 15 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Gartner, Inc.(b) | ||||
07/01/2028 | 4.500% | 2,178,000 | 2,018,547 | |
06/15/2029 | 3.625% | 195,000 | 168,049 | |
HealthEquity, Inc.(b) | ||||
10/01/2029 | 4.500% | 626,000 | 547,048 | |
Helios Software Holdings, Inc.(b) | ||||
05/01/2028 | 4.625% | 476,000 | 367,211 | |
HP, Inc.(b) | ||||
03/01/2029 | 4.750% | 963,000 | 972,463 | |
Intel Corp. | ||||
08/05/2062 | 5.050% | 4,075,000 | 3,321,216 | |
International Business Machines Corp. | ||||
07/27/2052 | 4.900% | 3,090,000 | 2,605,799 | |
ION Trading Technologies Sarl(b) | ||||
05/15/2028 | 5.750% | 494,000 | 397,696 | |
Iron Mountain, Inc.(b) | ||||
07/15/2030 | 5.250% | 827,000 | 717,251 | |
Logan Merger Sub, Inc.(b) | ||||
09/01/2027 | 5.500% | 1,368,000 | 797,148 | |
Microchip Technology, Inc. | ||||
02/15/2024 | 0.972% | 8,629,000 | 8,120,619 | |
Minerva Merger Sub, Inc.(b) | ||||
02/15/2030 | 6.500% | 1,042,000 | 813,036 | |
MSCI, Inc.(b) | ||||
11/01/2031 | 3.625% | 7,585,000 | 6,251,149 | |
NCR Corp.(b) | ||||
09/01/2027 | 5.750% | 274,000 | 264,321 | |
10/01/2028 | 5.000% | 424,000 | 359,412 | |
04/15/2029 | 5.125% | 828,000 | 694,235 | |
09/01/2029 | 6.125% | 215,000 | 205,953 | |
10/01/2030 | 5.250% | 220,000 | 177,704 | |
NXP BV/Funding LLC/USA, Inc. | ||||
05/01/2030 | 3.400% | 1,375,000 | 1,140,253 | |
05/11/2031 | 2.500% | 15,995,000 | 12,017,481 | |
01/15/2033 | 5.000% | 2,407,000 | 2,166,078 | |
Oracle Corp. | ||||
03/25/2041 | 3.650% | 6,388,000 | 4,331,269 | |
04/01/2050 | 3.600% | 2,580,000 | 1,588,429 | |
Picard Midco, Inc.(b) | ||||
03/31/2029 | 6.500% | 366,000 | 317,542 | |
Shift4 Payments LLC/Finance Sub, Inc.(b) | ||||
11/01/2026 | 4.625% | 912,000 | 840,804 | |
Switch Ltd.(b) | ||||
09/15/2028 | 3.750% | 45,000 | 45,451 | |
06/15/2029 | 4.125% | 247,000 | 247,860 | |
Tempo Acquisition LLC/Finance Corp.(b) | ||||
06/01/2025 | 5.750% | 175,000 | 172,669 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
VeriSign, Inc. | ||||
06/15/2031 | 2.700% | 6,364,000 | 4,943,207 | |
Verscend Escrow Corp.(b) | ||||
08/15/2026 | 9.750% | 505,000 | 506,412 | |
ZoomInfo Technologies LLC/Finance Corp.(b) | ||||
02/01/2029 | 3.875% | 441,000 | 371,431 | |
Total | 73,779,030 | |||
Tobacco 0.2% | ||||
BAT Capital Corp. | ||||
08/15/2047 | 4.540% | 4,180,000 | 2,706,802 | |
Wireless 3.8% | ||||
Altice France Holding SA(b) | ||||
05/15/2027 | 10.500% | 329,000 | 256,176 | |
02/15/2028 | 6.000% | 343,000 | 221,626 | |
Altice France SA(b) | ||||
02/01/2027 | 8.125% | 372,000 | 340,747 | |
01/15/2028 | 5.500% | 1,647,000 | 1,306,759 | |
07/15/2029 | 5.125% | 1,059,000 | 798,297 | |
10/15/2029 | 5.500% | 120,000 | 91,471 | |
American Tower Corp. | ||||
08/15/2029 | 3.800% | 4,746,000 | 4,142,443 | |
06/15/2030 | 2.100% | 2,850,000 | 2,166,132 | |
Crown Castle International Corp. | ||||
04/01/2031 | 2.100% | 6,110,000 | 4,564,200 | |
SBA Communications Corp. | ||||
02/15/2027 | 3.875% | 277,000 | 250,346 | |
02/01/2029 | 3.125% | 110,000 | 89,130 | |
Sprint Capital Corp. | ||||
03/15/2032 | 8.750% | 125,000 | 146,647 | |
Sprint Corp. | ||||
06/15/2024 | 7.125% | 316,000 | 320,939 | |
03/01/2026 | 7.625% | 552,000 | 575,138 | |
T-Mobile US, Inc. | ||||
02/15/2026 | 2.250% | 1,147,000 | 1,030,367 | |
02/15/2029 | 2.625% | 20,007,000 | 16,602,935 | |
02/15/2031 | 2.875% | 3,544,000 | 2,854,475 | |
04/15/2031 | 3.500% | 13,814,000 | 11,689,392 | |
Vmed O2 UK Financing I PLC(b) | ||||
01/31/2031 | 4.250% | 1,059,000 | 852,513 | |
07/15/2031 | 4.750% | 849,000 | 689,057 | |
Total | 48,988,790 | |||
Wirelines 3.1% | ||||
AT&T, Inc. | ||||
05/15/2035 | 4.500% | 2,000,000 | 1,726,667 | |
12/01/2057 | 3.800% | 17,481,000 | 11,517,359 | |
CenturyLink, Inc.(b) | ||||
02/15/2027 | 4.000% | 205,000 | 174,486 |
16 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Front Range BidCo, Inc.(b) | ||||
03/01/2027 | 4.000% | 984,000 | 759,990 | |
Frontier Communications Holdings LLC(b) | ||||
05/15/2030 | 8.750% | 326,000 | 332,836 | |
Iliad Holding SAS(b) | ||||
10/15/2026 | 6.500% | 915,000 | 848,110 | |
10/15/2028 | 7.000% | 1,037,000 | 938,006 | |
Telefonica Emisiones SAU | ||||
03/06/2048 | 4.895% | 5,905,000 | 4,231,088 | |
Verizon Communications, Inc. | ||||
03/21/2031 | 2.550% | 24,815,000 | 19,602,486 | |
Total | 40,131,028 | |||
Total Corporate Bonds & Notes (Cost $1,486,670,861) | 1,219,132,332 | |||
Foreign Government Obligations(i) 0.1% | ||||
Canada 0.1% | ||||
NOVA Chemicals Corp.(b) | ||||
06/01/2027 | 5.250% | 251,000 | 224,291 | |
05/15/2029 | 4.250% | 313,000 | 255,633 | |
Total | 479,924 | |||
Total Foreign Government Obligations (Cost $560,329) | 479,924 | |||
Senior Loans 0.3% | ||||
Borrower | Coupon Rate | Principal Amount ($) | Value ($) | |
Chemicals 0.0% | ||||
WR Grace Holdings LLC(j),(k) | ||||
Term Loan | ||||
1-month USD LIBOR + 3.750% Floor 0.500% 09/22/2028 | 7.438% | 385,090 | 369,086 | |
Consumer Cyclical Services 0.0% | ||||
8th Avenue Food & Provisions, Inc.(j),(k) | ||||
1st Lien Term Loan | ||||
1-month USD LIBOR + 3.750% 10/01/2025 | 2.500% | 333,055 | 288,509 | |
8th Avenue Food & Provisions, Inc.(f),(j),(k) | ||||
2nd Lien Term Loan | ||||
1-month USD LIBOR + 7.750% 10/01/2026 | 6.750% | 78,084 | 62,467 | |
Total | 350,976 |
Senior Loans (continued) | ||||
Borrower | Coupon Rate | Principal Amount ($) | Value ($) | |
Consumer Products 0.1% | ||||
SWF Holdings I Corp.(j),(k) | ||||
1st Lien Term Loan | ||||
1-month USD LIBOR + 4.000% Floor 0.750% 10/06/2028 | 7.602% | 736,300 | 569,940 | |
Media and Entertainment 0.1% | ||||
Cengage Learning, Inc.(j),(k) | ||||
Tranche B 1st Lien Term Loan | ||||
1-month USD LIBOR + 4.750% Floor 1.000% 07/14/2026 | 7.814% | 461,654 | 406,832 | |
Technology 0.1% | ||||
Ascend Learning LLC(j),(k) | ||||
1st Lien Term Loan | ||||
1-month USD LIBOR + 3.500% Floor 0.500% 12/11/2028 | 2.500% | 409,902 | 375,176 | |
2nd Lien Term Loan | ||||
1-month USD LIBOR + 5.750% Floor 0.500% 12/10/2029 | 9.504% | 246,000 | 208,177 | |
DCert Buyer, Inc.(j),(k) | ||||
2nd Lien Term Loan | ||||
1-month USD LIBOR + 7.000% 02/19/2029 | 9.903% | 357,000 | 331,653 | |
Epicore Software Corp.(j),(k) | ||||
2nd Lien Term Loan | ||||
1-month USD LIBOR + 7.750% Floor 1.000% 07/31/2028 | 11.504% | 101,000 | 98,759 | |
UKG, Inc.(j),(k) | ||||
1st Lien Term Loan | ||||
1-month USD LIBOR + 3.250% Floor 0.500% 05/04/2026 | 6.998% | 245,772 | 236,794 | |
2nd Lien Term Loan | ||||
1-month USD LIBOR + 5.250% Floor 0.500% 05/03/2027 | 8.998% | 478,000 | 438,565 | |
Total | 1,689,124 | |||
Total Senior Loans (Cost $3,811,293) | 3,385,958 | |||
Columbia Corporate Income Fund | Semiannual Report 2022 | 17 |
October 31, 2022 (Unaudited)
U.S. Treasury Obligations 3.5% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury | ||||
06/30/2025 | 0.250% | 1,950,000 | 1,749,211 | |
12/31/2025 | 0.375% | 11,000,000 | 9,704,062 | |
06/30/2027 | 0.500% | 8,300,000 | 6,984,969 | |
07/31/2027 | 2.750% | 7,648,100 | 7,150,376 | |
12/31/2027 | 0.625% | 4,000,000 | 3,330,938 | |
08/15/2032 | 2.750% | 7,647,100 | 6,847,739 | |
08/15/2047 | 2.750% | 13,324,700 | 9,993,525 | |
Total U.S. Treasury Obligations (Cost $51,619,861) | 45,760,820 |
Money Market Funds 1.2% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 3.246%(l),(m) | 15,998,132 | 15,991,732 |
Total Money Market Funds (Cost $15,991,168) | 15,991,732 | |
Total Investments in Securities (Cost: $1,560,179,524) | 1,285,146,834 | |
Other Assets & Liabilities, Net | 12,224,650 | |
Net Assets | 1,297,371,484 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Long Bond | 486 | 12/2022 | USD | 58,563,000 | — | (6,730,828) |
U.S. Treasury 2-Year Note | 532 | 12/2022 | USD | 108,731,656 | — | (2,064,848) |
U.S. Treasury 5-Year Note | 1,637 | 12/2022 | USD | 174,493,969 | — | (6,645,342) |
Total | — | (15,441,018) |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 10-Year Note | (1,660) | 12/2022 | USD | (183,585,625) | 10,385,514 | — |
U.S. Treasury Ultra 10-Year Note | (985) | 12/2022 | USD | (114,244,609) | 9,441,519 | — |
U.S. Treasury Ultra Bond | (226) | 12/2022 | USD | (28,850,313) | 4,962,873 | — |
U.S. Ultra Treasury Bond | (52) | 12/2022 | USD | (6,638,125) | — | (4,046) |
Total | 24,789,906 | (4,046) |
(a) | Non-income producing investment. |
(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 October 31, 2022, the total value of these securities amounted to $399,190,413, which represents 30.77% of total net assets. |
(c) | 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 October 31, 2022. |
(d) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At October 31, 2022, the total value of these securities amounted to $9,525, which represents less than 0.01% of total net assets. |
(e) | Represents a security in default. |
(f) | Valuation based on significant unobservable inputs. |
(g) | Payment-in-kind security. Interest can be paid by issuing additional par of the security or in cash. |
(h) | Represents a security purchased on a when-issued basis. |
(i) | Principal and interest may not be guaranteed by a governmental entity. |
(j) | The stated interest rate represents the weighted average interest rate at October 31, 2022 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. These base lending rates are primarily the LIBOR and other short-term rates. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan. |
18 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
(k) | Variable rate security. The interest rate shown was the current rate as of October 31, 2022. |
(l) | The rate shown is the seven-day current annualized yield at October 31, 2022. |
(m) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund.The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 3.246% | ||||||||
108,888,867 | 260,548,498 | (353,439,827) | (5,806) | 15,991,732 | (18,416) | 385,756 | 15,998,132 |
LIBOR | London Interbank Offered Rate |
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). |
Columbia Corporate Income Fund | Semiannual Report 2022 | 19 |
October 31, 2022 (Unaudited)
The following table is a summary of the inputs used to value the Fund’s investments at October 31, 2022:
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Financials | 70,371 | — | — | 70,371 |
Total Common Stocks | 70,371 | — | — | 70,371 |
Convertible Bonds | — | 325,697 | — | 325,697 |
Corporate Bonds & Notes | — | 1,219,122,807 | 9,525 | 1,219,132,332 |
Foreign Government Obligations | — | 479,924 | — | 479,924 |
Senior Loans | — | 3,323,491 | 62,467 | 3,385,958 |
U.S. Treasury Obligations | — | 45,760,820 | — | 45,760,820 |
Money Market Funds | 15,991,732 | — | — | 15,991,732 |
Total Investments in Securities | 16,062,103 | 1,269,012,739 | 71,992 | 1,285,146,834 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 24,789,906 | — | — | 24,789,906 |
Liability | ||||
Futures Contracts | (15,445,064) | — | — | (15,445,064) |
Total | 25,406,945 | 1,269,012,739 | 71,992 | 1,294,491,676 |
20 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,544,188,356) | $1,269,155,102 |
Affiliated issuers (cost $15,991,168) | 15,991,732 |
Cash | 2,823 |
Margin deposits on: | |
Futures contracts | 5,025,580 |
Receivable for: | |
Investments sold | 3,734,661 |
Investments sold on a delayed delivery basis | 1,629,558 |
Capital shares sold | 3,881,227 |
Dividends | 41,125 |
Interest | 13,933,740 |
Foreign tax reclaims | 51,601 |
Variation margin for futures contracts | 1,763,152 |
Expense reimbursement due from Investment Manager | 5,193 |
Prepaid expenses | 15,347 |
Trustees’ deferred compensation plan | 161,131 |
Other assets | 21,136 |
Total assets | 1,315,413,108 |
Liabilities | |
Payable for: | |
Investments purchased | 5,937,290 |
Investments purchased on a delayed delivery basis | 4,616,221 |
Capital shares purchased | 1,802,398 |
Distributions to shareholders | 4,297,159 |
Variation margin for futures contracts | 971,395 |
Management services fees | 52,733 |
Distribution and/or service fees | 2,027 |
Transfer agent fees | 144,920 |
Compensation of board members | 20,198 |
Compensation of chief compliance officer | 140 |
Other expenses | 36,012 |
Trustees’ deferred compensation plan | 161,131 |
Total liabilities | 18,041,624 |
Net assets applicable to outstanding capital stock | $1,297,371,484 |
Represented by | |
Paid in capital | 1,637,914,239 |
Total distributable earnings (loss) | (340,542,755) |
Total - representing net assets applicable to outstanding capital stock | $1,297,371,484 |
Columbia Corporate Income Fund | Semiannual Report 2022 | 21 |
October 31, 2022 (Unaudited)
Class A | |
Net assets | $90,941,744 |
Shares outstanding | 10,752,610 |
Net asset value per share | $8.46 |
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 A shares) | $8.88 |
Advisor Class | |
Net assets | $116,543,947 |
Shares outstanding | 13,801,546 |
Net asset value per share | $8.44 |
Class C | |
Net assets | $2,282,710 |
Shares outstanding | 269,996 |
Net asset value per share | $8.45 |
Institutional Class | |
Net assets | $322,898,991 |
Shares outstanding | 38,183,130 |
Net asset value per share | $8.46 |
Institutional 2 Class | |
Net assets | $64,456,549 |
Shares outstanding | 7,631,405 |
Net asset value per share | $8.45 |
Institutional 3 Class | |
Net assets | $700,247,543 |
Shares outstanding | 82,841,473 |
Net asset value per share | $8.45 |
22 | Columbia Corporate Income Fund | Semiannual Report 2022 |
Six Months Ended October 31, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $385,756 |
Interest | 28,773,988 |
Total income | 29,159,744 |
Expenses: | |
Management services fees | 3,658,357 |
Distribution and/or service fees | |
Class A | 127,085 |
Class C | 9,859 |
Transfer agent fees | |
Class A | 80,651 |
Advisor Class | 132,170 |
Class C | 1,955 |
Institutional Class | 284,268 |
Institutional 2 Class | 13,948 |
Institutional 3 Class | 26,133 |
Compensation of board members | 14,797 |
Custodian fees | 6,668 |
Printing and postage fees | 18,576 |
Registration fees | 53,514 |
Audit fees | 16,611 |
Legal fees | 15,001 |
Compensation of chief compliance officer | 140 |
Other | 14,827 |
Total expenses | 4,474,560 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (331,500) |
Fees waived by transfer agent | |
Institutional 2 Class | (1,658) |
Institutional 3 Class | (26,132) |
Expense reduction | (1,001) |
Total net expenses | 4,114,269 |
Net investment income | 25,045,475 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (60,845,710) |
Investments — affiliated issuers | (18,416) |
Futures contracts | 7,173,202 |
Net realized loss | (53,690,924) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (73,891,428) |
Investments — affiliated issuers | (5,806) |
Futures contracts | 3,634,323 |
Net change in unrealized appreciation (depreciation) | (70,262,911) |
Net realized and unrealized loss | (123,953,835) |
Net decrease in net assets resulting from operations | $(98,908,360) |
Columbia Corporate Income Fund | Semiannual Report 2022 | 23 |
Six Months Ended October 31, 2022 (Unaudited) | Year Ended April 30, 2022 | |
Operations | ||
Net investment income | $25,045,475 | $37,488,969 |
Net realized loss | (53,690,924) | (2,173,302) |
Net change in unrealized appreciation (depreciation) | (70,262,911) | (226,095,867) |
Net decrease in net assets resulting from operations | (98,908,360) | (190,780,200) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (1,557,738) | (3,854,952) |
Advisor Class | (2,735,076) | (2,031,592) |
Class C | (31,088) | (130,378) |
Institutional Class | (5,931,404) | (18,611,079) |
Institutional 2 Class | (847,183) | (2,203,410) |
Institutional 3 Class | (13,987,395) | (43,577,361) |
Total distributions to shareholders | (25,089,884) | (70,408,772) |
Increase (decrease) in net assets from capital stock activity | (176,849,629) | 399,692,269 |
Total increase (decrease) in net assets | (300,847,873) | 138,503,297 |
Net assets at beginning of period | 1,598,219,357 | 1,459,716,060 |
Net assets at end of period | $1,297,371,484 | $1,598,219,357 |
24 | Columbia Corporate Income Fund | Semiannual Report 2022 |
Six Months Ended | Year Ended | |||
October 31, 2022 (Unaudited) | April 30, 2022 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 388,361 | 3,505,947 | 638,607 | 6,769,881 |
Fund reorganization | — | — | 5,714,967 | 59,304,731 |
Distributions reinvested | 165,377 | 1,468,870 | 343,238 | 3,605,192 |
Redemptions | (1,502,220) | (13,469,392) | (3,212,631) | (32,315,030) |
Net increase (decrease) | (948,482) | (8,494,575) | 3,484,181 | 37,364,774 |
Advisor Class | ||||
Subscriptions | 345,420 | 3,110,081 | 877,829 | 8,954,563 |
Fund reorganization | — | — | 24,537,894 | 254,220,549 |
Distributions reinvested | 208,698 | 1,855,942 | 145,363 | 1,444,471 |
Redemptions | (7,492,338) | (65,523,318) | (5,808,925) | (57,624,830) |
Net increase (decrease) | (6,938,220) | (60,557,295) | 19,752,161 | 206,994,753 |
Class C | ||||
Subscriptions | 40,935 | 367,749 | 53,093 | 553,091 |
Distributions reinvested | 3,338 | 29,600 | 11,849 | 125,621 |
Redemptions | (57,246) | (514,868) | (195,053) | (2,044,510) |
Net decrease | (12,973) | (117,519) | (130,111) | (1,365,798) |
Institutional Class | ||||
Subscriptions | 2,499,600 | 22,336,670 | 8,951,136 | 94,457,557 |
Distributions reinvested | 543,941 | 4,830,662 | 1,360,579 | 14,368,616 |
Redemptions | (6,153,209) | (55,011,699) | (9,054,166) | (95,583,271) |
Net increase (decrease) | (3,109,668) | (27,844,367) | 1,257,549 | 13,242,902 |
Institutional 2 Class | ||||
Subscriptions | 3,836,204 | 33,057,830 | 2,215,006 | 22,835,824 |
Distributions reinvested | 95,840 | 846,946 | 208,806 | 2,202,458 |
Redemptions | (1,852,952) | (16,783,788) | (1,448,999) | (15,704,938) |
Net increase | 2,079,092 | 17,120,988 | 974,813 | 9,333,344 |
Institutional 3 Class | ||||
Subscriptions | 6,894,543 | 62,974,429 | 17,930,828 | 191,386,445 |
Distributions reinvested | 1,434,009 | 12,738,509 | 3,706,220 | 39,133,542 |
Redemptions | (19,331,054) | (172,669,799) | (9,092,452) | (96,397,693) |
Net increase (decrease) | (11,002,502) | (96,956,861) | 12,544,596 | 134,122,294 |
Total net increase (decrease) | (19,932,753) | (176,849,629) | 37,883,189 | 399,692,269 |
Columbia Corporate 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 | |
Class A | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $9.22 | 0.14 | (0.76) | (0.62) | (0.14) | — | (0.14) |
Year Ended 4/30/2022 | $10.77 | 0.21 | (1.32) | (1.11) | (0.22) | (0.22) | (0.44) |
Year Ended 4/30/2021 | $10.87 | 0.23 | 0.38 | 0.61 | (0.24) | (0.47) | (0.71) |
Year Ended 4/30/2020 | $10.15 | 0.29 | 0.72 | 1.01 | (0.29) | — | (0.29) |
Year Ended 4/30/2019 | $9.88 | 0.30 | 0.27 | 0.57 | (0.30) | — | (0.30) |
Year Ended 4/30/2018 | $10.11 | 0.26 | (0.23) | 0.03 | (0.26) | — | (0.26) |
Advisor Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $9.21 | 0.15 | (0.77) | (0.62) | (0.15) | — | (0.15) |
Year Ended 4/30/2022 | $10.76 | 0.25 | (1.34) | (1.09) | (0.24) | (0.22) | (0.46) |
Year Ended 4/30/2021 | $10.85 | 0.27 | 0.37 | 0.64 | (0.26) | (0.47) | (0.73) |
Year Ended 4/30/2020 | $10.14 | 0.32 | 0.71 | 1.03 | (0.32) | — | (0.32) |
Year Ended 4/30/2019 | $9.87 | 0.33 | 0.27 | 0.60 | (0.33) | — | (0.33) |
Year Ended 4/30/2018 | $10.10 | 0.28 | (0.23) | 0.05 | (0.28) | — | (0.28) |
Class C | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $9.22 | 0.11 | (0.77) | (0.66) | (0.11) | — | (0.11) |
Year Ended 4/30/2022 | $10.77 | 0.15 | (1.32) | (1.17) | (0.16) | (0.22) | (0.38) |
Year Ended 4/30/2021 | $10.86 | 0.17 | 0.38 | 0.55 | (0.17) | (0.47) | (0.64) |
Year Ended 4/30/2020 | $10.15 | 0.23 | 0.71 | 0.94 | (0.23) | — | (0.23) |
Year Ended 4/30/2019 | $9.88 | 0.24 | 0.27 | 0.51 | (0.24) | — | (0.24) |
Year Ended 4/30/2018 | $10.11 | 0.20 | (0.23) | (0.03) | (0.20) | — | (0.20) |
Institutional Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $9.22 | 0.15 | (0.76) | (0.61) | (0.15) | — | (0.15) |
Year Ended 4/30/2022 | $10.77 | 0.24 | (1.33) | (1.09) | (0.24) | (0.22) | (0.46) |
Year Ended 4/30/2021 | $10.87 | 0.26 | 0.37 | 0.63 | (0.26) | (0.47) | (0.73) |
Year Ended 4/30/2020 | $10.15 | 0.32 | 0.72 | 1.04 | (0.32) | — | (0.32) |
Year Ended 4/30/2019 | $9.88 | 0.33 | 0.27 | 0.60 | (0.33) | — | (0.33) |
Year Ended 4/30/2018 | $10.11 | 0.28 | (0.23) | 0.05 | (0.28) | — | (0.28) |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $9.21 | 0.16 | (0.76) | (0.60) | (0.16) | — | (0.16) |
Year Ended 4/30/2022 | $10.76 | 0.25 | (1.32) | (1.07) | (0.26) | (0.22) | (0.48) |
Year Ended 4/30/2021 | $10.85 | 0.27 | 0.38 | 0.65 | (0.27) | (0.47) | (0.74) |
Year Ended 4/30/2020 | $10.14 | 0.33 | 0.71 | 1.04 | (0.33) | — | (0.33) |
Year Ended 4/30/2019 | $9.87 | 0.35 | 0.26 | 0.61 | (0.34) | — | (0.34) |
Year Ended 4/30/2018 | $10.09 | 0.29 | (0.22) | 0.07 | (0.29) | — | (0.29) |
26 | Columbia Corporate 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 | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $8.46 | (6.79%) | 0.92%(c) | 0.87%(c),(d) | 3.06%(c) | 27% | $90,942 |
Year Ended 4/30/2022 | $9.22 | (10.79%) | 0.92% | 0.87%(d) | 2.03% | 80% | $107,905 |
Year Ended 4/30/2021 | $10.77 | 5.47% | 0.93% | 0.88%(d) | 2.10% | 74% | $88,537 |
Year Ended 4/30/2020 | $10.87 | 10.10% | 0.95% | 0.91%(d) | 2.77% | 91% | $68,880 |
Year Ended 4/30/2019 | $10.15 | 5.93% | 0.93% | 0.91%(d) | 3.07% | 65% | $60,085 |
Year Ended 4/30/2018 | $9.88 | 0.22% | 0.95% | 0.92%(d) | 2.52% | 78% | $63,283 |
Advisor Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $8.44 | (6.79%) | 0.67%(c) | 0.62%(c),(d) | 3.28%(c) | 27% | $116,544 |
Year Ended 4/30/2022 | $9.21 | (10.58%) | 0.67% | 0.62%(d) | 2.54% | 80% | $190,943 |
Year Ended 4/30/2021 | $10.76 | 5.83% | 0.68% | 0.63%(d) | 2.38% | 74% | $10,624 |
Year Ended 4/30/2020 | $10.85 | 10.28% | 0.70% | 0.66%(d) | 3.02% | 91% | $18,086 |
Year Ended 4/30/2019 | $10.14 | 6.20% | 0.68% | 0.66%(d) | 3.32% | 65% | $8,289 |
Year Ended 4/30/2018 | $9.87 | 0.46% | 0.70% | 0.67%(d) | 2.75% | 78% | $9,009 |
Class C | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $8.45 | (7.16%) | 1.47%(c) | 1.42%(c),(d) | 2.51%(c) | 27% | $2,283 |
Year Ended 4/30/2022 | $9.22 | (11.28%) | 1.54% | 1.42%(d) | 1.41% | 80% | $2,609 |
Year Ended 4/30/2021 | $10.77 | 4.96% | 1.68% | 1.45%(d) | 1.53% | 74% | $4,450 |
Year Ended 4/30/2020 | $10.86 | 9.35% | 1.70% | 1.51%(d) | 2.17% | 91% | $5,646 |
Year Ended 4/30/2019 | $10.15 | 5.29% | 1.68% | 1.51%(d) | 2.45% | 65% | $5,045 |
Year Ended 4/30/2018 | $9.88 | (0.38%) | 1.70% | 1.52%(d) | 1.92% | 78% | $7,856 |
Institutional Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $8.46 | (6.67%) | 0.67%(c) | 0.62%(c),(d) | 3.31%(c) | 27% | $322,899 |
Year Ended 4/30/2022 | $9.22 | (10.57%) | 0.67% | 0.62%(d) | 2.24% | 80% | $380,743 |
Year Ended 4/30/2021 | $10.77 | 5.73% | 0.68% | 0.63%(d) | 2.36% | 74% | $431,331 |
Year Ended 4/30/2020 | $10.87 | 10.37% | 0.70% | 0.66%(d) | 3.02% | 91% | $364,875 |
Year Ended 4/30/2019 | $10.15 | 6.19% | 0.68% | 0.66%(d) | 3.31% | 65% | $579,312 |
Year Ended 4/30/2018 | $9.88 | 0.47% | 0.69% | 0.66%(d) | 2.78% | 78% | $760,048 |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $8.45 | (6.64%) | 0.57%(c) | 0.52%(c) | 3.45%(c) | 27% | $64,457 |
Year Ended 4/30/2022 | $9.21 | (10.49%) | 0.56% | 0.52% | 2.34% | 80% | $51,119 |
Year Ended 4/30/2021 | $10.76 | 5.94% | 0.58% | 0.53% | 2.45% | 74% | $49,251 |
Year Ended 4/30/2020 | $10.85 | 10.39% | 0.58% | 0.56% | 3.13% | 91% | $6,267 |
Year Ended 4/30/2019 | $10.14 | 6.29% | 0.59% | 0.58% | 3.52% | 65% | $8,052 |
Year Ended 4/30/2018 | $9.87 | 0.67% | 0.59% | 0.57% | 2.86% | 78% | $1,782 |
Columbia Corporate Income Fund | Semiannual Report 2022 | 27 |
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 10/31/2022 (Unaudited) | $9.22 | 0.16 | (0.77) | (0.61) | (0.16) | — | (0.16) |
Year Ended 4/30/2022 | $10.77 | 0.25 | (1.32) | (1.07) | (0.26) | (0.22) | (0.48) |
Year Ended 4/30/2021 | $10.86 | 0.28 | 0.38 | 0.66 | (0.28) | (0.47) | (0.75) |
Year Ended 4/30/2020 | $10.15 | 0.33 | 0.72 | 1.05 | (0.34) | — | (0.34) |
Year Ended 4/30/2019 | $9.88 | 0.34 | 0.27 | 0.61 | (0.34) | — | (0.34) |
Year Ended 4/30/2018 | $10.11 | 0.30 | (0.23) | 0.07 | (0.30) | — | (0.30) |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
28 | Columbia Corporate 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 | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $8.45 | (6.71%) | 0.52%(c) | 0.47%(c) | 3.46%(c) | 27% | $700,248 |
Year Ended 4/30/2022 | $9.22 | (10.43%) | 0.51% | 0.47% | 2.39% | 80% | $864,900 |
Year Ended 4/30/2021 | $10.77 | 5.99% | 0.52% | 0.47% | 2.49% | 74% | $875,524 |
Year Ended 4/30/2020 | $10.86 | 10.44% | 0.53% | 0.50% | 3.17% | 91% | $556,117 |
Year Ended 4/30/2019 | $10.15 | 6.34% | 0.53% | 0.52% | 3.44% | 65% | $442,521 |
Year Ended 4/30/2018 | $9.88 | 0.62% | 0.53% | 0.51% | 2.93% | 78% | $622,383 |
Columbia Corporate Income Fund | Semiannual Report 2022 | 29 |
October 31, 2022 (Unaudited)
30 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Corporate Income Fund | Semiannual Report 2022 | 31 |
October 31, 2022 (Unaudited)
32 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 24,789,906* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 15,445,064* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | ||||||
Risk exposure category | Futures contracts ($) | |||||
Interest rate risk | 7,173,202 | |||||
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||||
Risk exposure category | Futures contracts ($) | |||||
Interest rate risk | 3,634,323 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 367,029,118 |
Futures contracts — short | 330,955,883 |
* | Based on the ending quarterly outstanding amounts for the six months ended October 31, 2022. |
Columbia Corporate Income Fund | Semiannual Report 2022 | 33 |
October 31, 2022 (Unaudited)
34 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Corporate Income Fund | Semiannual Report 2022 | 35 |
October 31, 2022 (Unaudited)
36 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Effective rate (%) | |
Class A | 0.16 |
Advisor Class | 0.16 |
Class C | 0.16 |
Institutional Class | 0.16 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 4.75 | 0.50 - 1.00(a) | 6,506 |
Class C | — | 1.00(b) | 48 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Columbia Corporate Income Fund | Semiannual Report 2022 | 37 |
October 31, 2022 (Unaudited)
September 1, 2021 through August 31, 2024 | |
Class A | 0.87% |
Advisor Class | 0.62 |
Class C | 1.42 |
Institutional Class | 0.62 |
Institutional 2 Class | 0.52 |
Institutional 3 Class | 0.47 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
1,560,180,000 | 25,513,000 | (291,975,000) | (266,462,000) |
38 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Corporate Income Fund | Semiannual Report 2022 | 39 |
October 31, 2022 (Unaudited)
Shares | |
Class A | 5,714,967 |
Advisor Class | 24,537,894 |
($) | |
Net investment income | 45,018,000 |
Net realized gain | 9,130,000 |
Net change in unrealized appreciation/(depreciation) | (240,761,000) |
Net decrease in net assets from operations | (186,613,000) |
40 | Columbia Corporate Income Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Corporate Income Fund | Semiannual Report 2022 | 41 |
October 31, 2022 (Unaudited)
42 | Columbia Corporate Income Fund | Semiannual Report 2022 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
Columbia Corporate Income Fund | Semiannual Report 2022 | 43 |
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
44 | Columbia Corporate Income Fund | Semiannual Report 2022 |
(Unaudited)
Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund
Columbia Corporate Income Fund | Semiannual Report 2022 | 45 |
(Unaudited)
On June 23, 2022, the Board, including all of the Independent Trustees, determined that fees payable under the Management Agreement were fair and reasonable in light of the extent and quality of services provided and approved the renewal of the Management Agreement.
46 | Columbia Corporate Income Fund | Semiannual Report 2022 |
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/img85bc8dd12.jpg)
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/imgd01eab641.jpg)
October 31, 2022 (Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/imgac54f17a2.jpg)
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 07/31/00 | -11.09 | -20.93 | -0.66 | 0.71 |
Including sales charges | -13.76 | -23.30 | -1.26 | 0.41 | ||
Advisor Class* | 11/08/12 | -10.99 | -20.74 | -0.40 | 0.96 | |
Class C | Excluding sales charges | 02/01/02 | -11.42 | -21.52 | -1.40 | 0.00 |
Including sales charges | -12.30 | -22.29 | -1.40 | 0.00 | ||
Institutional Class | 12/05/78 | -11.00 | -20.74 | -0.41 | 0.97 | |
Institutional 2 Class* | 11/08/12 | -10.96 | -20.66 | -0.35 | 1.03 | |
Institutional 3 Class* | 11/08/12 | -10.91 | -20.62 | -0.28 | 1.09 | |
Class R | 01/23/06 | -11.22 | -21.12 | -0.90 | 0.47 | |
Bloomberg U.S. Aggregate Bond Index | -6.86 | -15.68 | -0.54 | 0.74 |
* | 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 Total Return Bond Fund | Semiannual Report 2022 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2022) | |
Asset-Backed Securities — Non-Agency | 9.0 |
Commercial Mortgage-Backed Securities - Agency | 0.2 |
Commercial Mortgage-Backed Securities - Non-Agency | 4.0 |
Common Stocks | 0.0(a) |
Convertible Bonds | 0.0(a) |
Corporate Bonds & Notes | 23.5 |
Foreign Government Obligations | 2.2 |
Money Market Funds | 6.4 |
Municipal Bonds | 0.6 |
Options Purchased Calls | 0.1 |
Residential Mortgage-Backed Securities - Agency | 24.5 |
Residential Mortgage-Backed Securities - Non-Agency | 27.6 |
Senior Loans | 0.2 |
U.S. Treasury Obligations | 1.7 |
Total | 100.0 |
(a) | Rounds to zero. |
Quality breakdown (%) (at October 31, 2022) | |
AAA rating | 29.8 |
AA rating | 4.2 |
A rating | 11.3 |
BBB rating | 22.5 |
BB rating | 12.2 |
B rating | 6.4 |
CCC rating | 1.2 |
D rating | 0.0(a) |
Not rated | 12.4 |
Total | 100.0 |
(a) | Rounds to zero. |
Market exposure through derivatives investments (% of notional exposure) (at October 31, 2022)(a) | |||
Long | Short | Net | |
Fixed Income Derivative Contracts | 190.4 | (88.8) | 101.6 |
Foreign Currency Derivative Contracts | — | (1.6) | (1.6) |
Total Notional Market Value of Derivative Contracts | 190.4 | (90.4) | 100.0 |
4 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
(Unaudited)
May 1, 2022 — October 31, 2022 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 889.10 | 1,021.59 | 3.54 | 3.79 | 0.74 |
Advisor Class | 1,000.00 | 1,000.00 | 890.10 | 1,022.86 | 2.35 | 2.51 | 0.49 |
Class C | 1,000.00 | 1,000.00 | 885.80 | 1,017.79 | 7.12 | 7.62 | 1.49 |
Institutional Class | 1,000.00 | 1,000.00 | 890.00 | 1,022.86 | 2.35 | 2.51 | 0.49 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 890.40 | 1,023.21 | 2.01 | 2.15 | 0.42 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 890.90 | 1,023.47 | 1.77 | 1.90 | 0.37 |
Class R | 1,000.00 | 1,000.00 | 887.80 | 1,020.27 | 4.78 | 5.12 | 1.00 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 5 |
October 31, 2022 (Unaudited)
Asset-Backed Securities — Non-Agency 10.8% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
American Credit Acceptance Receivables Trust(a) | ||||
Subordinated Series 2021-3 Class B | ||||
02/13/2026 | 0.660% | 5,392,668 | 5,361,219 | |
Ares LVIII CLO Ltd.(a),(b) | ||||
Series 2020-58A Class DR | ||||
3-month Term SOFR + 3.200% Floor 3.200% 01/15/2035 | 7.064% | 5,000,000 | 4,276,530 | |
Ares XLVI CLO Ltd.(a),(b) | ||||
Series 2017-46A Class B1 | ||||
3-month USD LIBOR + 1.350% Floor 1.350% 01/15/2030 | 5.429% | 7,780,000 | 7,301,219 | |
Atrium XIII(a),(b) | ||||
Series 2013A Class B | ||||
3-month USD LIBOR + 1.500% Floor 1.500% 11/21/2030 | 5.825% | 2,250,000 | 2,157,658 | |
Bain Capital Credit CLO Ltd.(a),(b) | ||||
Series 2020-3A Class DR | ||||
3-month USD LIBOR + 3.250% Floor 3.250% 10/23/2034 | 7.575% | 8,250,000 | 6,998,995 | |
Series 2020-4A Class D | ||||
3-month USD LIBOR + 4.250% Floor 4.250% 10/20/2033 | 8.493% | 3,750,000 | 3,420,761 | |
Carlyle Global Market Strategies CLO Ltd.(a),(b) | ||||
Series 2016-3A Class ERR | ||||
3-month USD LIBOR + 7.000% Floor 7.000% 07/20/2034 | 9.710% | 5,000,000 | 4,000,485 | |
Carlyle Group LP(a),(b) | ||||
Series 2017-5A Class A2 | ||||
3-month USD LIBOR + 1.400% 01/20/2030 | 5.643% | 3,810,000 | 3,563,904 | |
Carlyle US CLO Ltd.(a),(b) | ||||
Series 2019-3R Class CR | ||||
3-month USD LIBOR + 3.200% Floor 3.200% 10/20/2032 | 7.443% | 13,400,000 | 11,616,112 | |
Series 2020-2A Class CR | ||||
3-month USD LIBOR + 3.200% Floor 3.200% 01/25/2035 | 7.558% | 15,150,000 | 12,780,207 | |
Cent CLO Ltd.(a),(b) | ||||
Series 2018-C17A Class A2R | ||||
3-month USD LIBOR + 1.600% Floor 1.600% 04/30/2031 | 6.015% | 9,300,000 | 8,738,801 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Dryden CLO Ltd.(a),(b) | ||||
Series 2018-57A Class B | ||||
3-month USD LIBOR + 1.350% Floor 1.350% 05/15/2031 | 4.255% | 7,000,000 | 6,553,134 | |
Series 2020-83A Class D | ||||
3-month USD LIBOR + 3.500% Floor 3.500% 01/18/2032 | 7.694% | 4,000,000 | 3,508,528 | |
Exeter Automobile Receivables Trust(a) | ||||
Subordinated Series 2021-2A Class E | ||||
07/17/2028 | 2.900% | 6,000,000 | 5,128,420 | |
Goldentree Loan Management US CLO 10 Ltd.(a),(b) | ||||
Series 2021-10A Class D | ||||
3-month USD LIBOR + 3.050% Floor 3.050% 07/20/2034 | 7.293% | 12,750,000 | 10,939,028 | |
Goldentree Loan Opportunities XI Ltd.(a),(b) | ||||
Series 2015-11A Class BR2 | ||||
3-month USD LIBOR + 1.350% 01/18/2031 | 5.544% | 5,000,000 | 4,748,525 | |
LendingPoint Asset Securitization Trust(a),(c),(d) | ||||
Subordinated Series 2021-1 Class B | ||||
04/15/2027 | 2.853% | 1,398,646 | 1,391,653 | |
LP LMS Asset Securitization Trust(a) | ||||
Series 2021-2A Class A | ||||
01/15/2029 | 1.750% | 5,936,425 | 5,770,891 | |
Lucali CLO Ltd.(a),(b) | ||||
Series 2020-1A Class D | ||||
3-month USD LIBOR + 3.600% Floor 3.600% 01/15/2033 | 6.112% | 5,000,000 | 4,431,450 | |
Madison Park Funding XLVII Ltd.(a),(b) | ||||
Series 2020-47A Class D | ||||
3-month USD LIBOR + 4.100% Floor 4.000% 01/19/2034 | 6.738% | 6,800,000 | 6,227,964 | |
Madison Park Funding XXVII Ltd.(a),(b) | ||||
Series 2018-27A Class A2 | ||||
3-month USD LIBOR + 1.350% 04/20/2030 | 5.593% | 14,000,000 | 13,154,862 | |
Marlette Funding Trust(a) | ||||
Series 2020-2A Class D | ||||
09/16/2030 | 4.650% | 2,000,000 | 1,938,794 | |
Series 2021-1A Class B | ||||
06/16/2031 | 1.000% | 2,772,886 | 2,727,314 | |
Subordinated Series 2020-2A Class C | ||||
09/16/2030 | 2.830% | 1,451,816 | 1,444,325 |
6 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Octagon 55 Ltd.(a),(b) | ||||
Series 2021-1A Class D | ||||
3-month USD LIBOR + 3.100% Floor 3.100% 07/20/2034 | 5.810% | 8,750,000 | 7,545,204 | |
Octagon Investment Partners 35 Ltd.(a),(b) | ||||
Series 2018-1A Class A2 | ||||
3-month USD LIBOR + 1.400% Floor 1.400% 01/20/2031 | 5.643% | 9,350,000 | 8,809,645 | |
Oportun Issuance Trust(a) | ||||
Series 2021-B Class A | ||||
05/08/2031 | 1.470% | 15,100,000 | 13,206,436 | |
Subordinated Series 2021-B Class B | ||||
05/08/2031 | 1.960% | 3,100,000 | 2,631,556 | |
OZLM Funding IV Ltd.(a),(b) | ||||
Series 2013-4A Class D2R | ||||
3-month USD LIBOR + 7.250% Floor 7.250% 10/22/2030 | 11.575% | 1,000,000 | 783,053 | |
Pagaya AI Debt Selection Trust(a) | ||||
Series 2021-2 Class NOTE | ||||
01/25/2029 | 3.000% | 6,068,327 | 5,633,439 | |
Series 2021-5 Class A | ||||
08/15/2029 | 1.530% | 8,311,267 | 8,017,583 | |
Series 2021-HG1 Class A | ||||
01/16/2029 | 1.220% | 4,087,895 | 3,841,444 | |
Subordinated Series 2021-3 Class B | ||||
05/15/2029 | 1.740% | 6,199,663 | 5,594,469 | |
Subordinated Series 2021-5 Class B | ||||
08/15/2029 | 2.630% | 9,248,910 | 8,251,793 | |
Subordinated Series 2021-HG1 Class B | ||||
01/16/2029 | 1.820% | 945,810 | 901,187 | |
Pagaya AI Debt Trust(a) | ||||
Subordinated Series 2022-1 Class B | ||||
10/15/2029 | 3.344% | 4,999,339 | 4,479,393 | |
PAGAYA AI Debt Trust(a) | ||||
Subordinated Series 2022-3 Class B | ||||
03/15/2030 | 8.050% | 7,000,000 | 6,758,631 | |
Palmer Square Loan Funding Ltd.(a),(b) | ||||
Series 2021-4A Class B | ||||
3-month USD LIBOR + 1.750% Floor 1.750% 10/15/2029 | 5.829% | 15,000,000 | 13,770,675 | |
Prosper Pass-Through Trust(a),(d) | ||||
Series 2019-ST2 Class A | ||||
11/15/2025 | 3.750% | 470,123 | 470,123 | |
Research-Driven Pagaya Motor Asset Trust IV(a) | ||||
Series 2021-2A Class A | ||||
03/25/2030 | 2.650% | 5,701,652 | 4,988,761 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Stewart Park CLO Ltd.(a),(b) | ||||
Series 2017-1A Class BR | ||||
3-month USD LIBOR + 1.370% Floor 1.370% 01/15/2030 | 5.449% | 5,828,571 | 5,471,431 | |
Upstart Pass-Through Trust(a) | ||||
Series 2020-ST6 Class A | ||||
01/20/2027 | 3.000% | 2,124,837 | 2,010,706 | |
Series 2021-ST10 Class A | ||||
01/20/2030 | 2.250% | 5,877,167 | 5,551,723 | |
Series 2021-ST4 Class A | ||||
07/20/2027 | 2.000% | 4,983,443 | 4,590,731 | |
Series 2021-ST5 Class A | ||||
07/20/2027 | 2.000% | 4,753,947 | 4,509,487 | |
Voya CLO Ltd.(a),(b) | ||||
Series 2021-1A Class D | ||||
3-month USD LIBOR + 3.150% Floor 3.150% 07/15/2034 | 5.662% | 8,350,000 | 7,231,492 | |
Total Asset-Backed Securities — Non-Agency (Cost $290,383,405) | 263,229,741 | |||
Commercial Mortgage-Backed Securities - Agency 0.2% | ||||
FRESB Mortgage Trust(e) | ||||
Series 2018-SB45 Class A10F (FHLMC) | ||||
11/25/2027 | 3.160% | 4,049,323 | 3,769,354 | |
Government National Mortgage Association(e),(f) | ||||
Series 2019-147 Class IO | ||||
06/16/2061 | 0.396% | 59,362,070 | 2,381,410 | |
Total Commercial Mortgage-Backed Securities - Agency (Cost $9,776,639) | 6,150,764 | |||
Commercial Mortgage-Backed Securities - Non-Agency 4.7% | ||||
American Homes 4 Rent Trust(a) | ||||
Series 2014-SFR3 Class A | ||||
12/17/2036 | 3.678% | 1,365,074 | 1,302,476 | |
BAMLL Commercial Mortgage Securities Trust(a),(e) | ||||
Series 2013-WBRK Class A | ||||
03/10/2037 | 3.534% | 3,000,000 | 2,725,257 | |
BAMLL Commercial Mortgage Securities Trust(a),(b) | ||||
Series 2019-RLJ Class D | ||||
1-month USD LIBOR + 1.950% Floor 1.950% 04/15/2036 | 5.362% | 7,730,000 | 7,581,465 | |
BBCMS Trust(a),(b) | ||||
Subordinated Series 2018-BXH Class E | ||||
1-month USD LIBOR + 2.250% Floor 2.250% 10/15/2037 | 5.662% | 4,790,000 | 4,445,249 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 7 |
October 31, 2022 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
BFLD Trust(a),(b) | ||||
Series 2019-DPLO Class F | ||||
1-month USD LIBOR + 2.540% Floor 2.540% 10/15/2034 | 5.952% | 1,800,000 | 1,683,384 | |
Subordinated Series 2019-DPLO Class D | ||||
1-month USD LIBOR + 1.840% Floor 1.840% 10/15/2034 | 5.252% | 1,600,000 | 1,510,627 | |
Braemar Hotels & Resorts Trust(a),(b) | ||||
Series 2018-PRME Class E | ||||
1-month USD LIBOR + 2.400% Floor 2.400% 06/15/2035 | 5.813% | 6,850,000 | 6,313,139 | |
Subordinated Series 2018-PRME Class D | ||||
1-month USD LIBOR + 1.800% Floor 1.925% 06/15/2035 | 5.213% | 3,100,000 | 2,959,860 | |
BX Trust(a),(b) | ||||
Series 2019-ATL Class C | ||||
1-month USD LIBOR + 1.587% Floor 1.587%, Cap 1.587% 10/15/2036 | 4.999% | 4,361,000 | 4,133,237 | |
Subordinated Series 2019-ATL Class D | ||||
1-month USD LIBOR + 1.887% Floor 1.887% 10/15/2036 | 5.299% | 3,801,000 | 3,526,840 | |
BX Trust(a) | ||||
Series 2019-OC11 Class E | ||||
12/09/2041 | 4.076% | 2,850,000 | 2,106,198 | |
CLNY Trust(a),(b) | ||||
Subordinated Series 2019-IKPR Class E | ||||
1-month USD LIBOR + 2.721% Floor 2.721% 11/15/2038 | 6.133% | 8,500,000 | 7,737,556 | |
Cold Storage Trust(a),(b) | ||||
Subordinated Series 2020-ICE5 Class F | ||||
1-month USD LIBOR + 3.492% Floor 3.492% 11/15/2037 | 6.905% | 7,618,176 | 7,258,213 | |
COMM Mortgage Trust(a),(e) | ||||
Subordinated Series 2020-CBM Class E | ||||
02/10/2037 | 3.633% | 4,850,000 | 4,153,854 | |
Subordinated Series 2020-CX Class D | ||||
11/10/2046 | 2.684% | 5,600,000 | 3,786,652 | |
Credit Suisse Mortgage Capital Certificates OA LLC(a) | ||||
Subordinated Series 2014-USA Class E | ||||
09/15/2037 | 4.373% | 8,285,000 | 5,492,934 | |
Subordinated Series 2014-USA Class F | ||||
09/15/2037 | 4.373% | 7,750,000 | 4,146,998 |
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Extended Stay America Trust(a),(b) | ||||
Series 2021-ESH Class D | ||||
1-month USD LIBOR + 2.250% Floor 2.250% 07/15/2038 | 5.068% | 13,227,405 | 12,502,347 | |
Hilton USA Trust(a) | ||||
Subordinated Series 2016-SFP Class E | ||||
11/05/2035 | 5.519% | 5,500,000 | 5,114,072 | |
Morgan Stanley Capital I Trust(a),(e) | ||||
Series 2019-MEAD Class E | ||||
11/10/2036 | 3.177% | 6,200,000 | 5,273,456 | |
Progress Residential Trust(a) | ||||
Series 2020-SFR1 Class E | ||||
04/17/2037 | 3.032% | 8,750,000 | 7,802,946 | |
Subordinated Series 2019-SFR3 Class F | ||||
09/17/2036 | 3.867% | 1,225,000 | 1,139,495 | |
Subordinated Series 2019-SFR4 Class F | ||||
10/17/2036 | 3.684% | 765,000 | 720,681 | |
Subordinated Series 2020-SFR2 Class E | ||||
06/17/2037 | 5.115% | 2,800,000 | 2,647,294 | |
UBS Commercial Mortgage Trust(a),(b) | ||||
Series 2018-NYCH Class B | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 02/15/2032 | 4.662% | 4,800,000 | 4,629,157 | |
Wells Fargo Commercial Mortgage Trust(a),(b) | ||||
Series 2017-SMP Class A | ||||
1-month USD LIBOR + 0.875% Floor 0.875% 12/15/2034 | 4.287% | 4,555,000 | 4,499,467 | |
Total Commercial Mortgage-Backed Securities - Non-Agency (Cost $128,326,870) | 115,192,854 |
Common Stocks 0.0% | ||
Issuer | Shares | Value ($) |
Financials 0.0% | ||
Insurance 0.0% | ||
Mr. Cooper Group, Inc.(g) | 4,518 | 178,416 |
Total Financials | 178,416 | |
Industrials 0.0% | ||
Airlines 0.0% | ||
United Airlines Holdings, Inc.(g) | 1,493 | 64,318 |
Total Industrials | 64,318 | |
Total Common Stocks (Cost $1,511,077) | 242,734 |
8 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Convertible Bonds 0.0% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Cable and Satellite 0.0% | ||||
DISH Network Corp. | ||||
Subordinated | ||||
08/15/2026 | 3.375% | 572,000 | 395,538 | |
Total Convertible Bonds (Cost $543,974) | 395,538 | |||
Corporate Bonds & Notes(h) 28.2% | ||||
Aerospace & Defense 0.8% | ||||
Boeing Co. (The) | ||||
05/01/2025 | 4.875% | 3,750,000 | 3,662,929 | |
08/01/2059 | 3.950% | 7,513,000 | 4,684,079 | |
05/01/2060 | 5.930% | 4,074,000 | 3,446,007 | |
Bombardier, Inc.(a) | ||||
12/01/2024 | 7.500% | 471,000 | 469,812 | |
04/15/2027 | 7.875% | 353,000 | 335,407 | |
Howmet Aerospace, Inc. | ||||
01/15/2029 | 3.000% | 1,280,000 | 1,065,227 | |
TransDigm, Inc.(a) | ||||
03/15/2026 | 6.250% | 2,883,000 | 2,842,939 | |
TransDigm, Inc. | ||||
06/15/2026 | 6.375% | 668,000 | 643,485 | |
11/15/2027 | 5.500% | 1,012,000 | 919,085 | |
01/15/2029 | 4.625% | 50,000 | 42,614 | |
05/01/2029 | 4.875% | 543,000 | 462,412 | |
Total | 18,573,996 | |||
Airlines 0.1% | ||||
Air Canada(a) | ||||
08/15/2026 | 3.875% | 435,000 | 384,742 | |
American Airlines, Inc.(a) | ||||
07/15/2025 | 11.750% | 550,000 | 601,963 | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(a) | ||||
04/20/2026 | 5.500% | 1,269,643 | 1,210,019 | |
04/20/2029 | 5.750% | 172,571 | 157,040 | |
Hawaiian Brand Intellectual Property Ltd./Miles Loyalty Ltd.(a) | ||||
01/20/2026 | 5.750% | 657,100 | 606,233 | |
United Airlines, Inc.(a) | ||||
04/15/2026 | 4.375% | 215,000 | 196,715 | |
04/15/2029 | 4.625% | 240,000 | 206,045 | |
Total | 3,362,757 | |||
Automotive 0.4% | ||||
American Axle & Manufacturing, Inc. | ||||
04/01/2027 | 6.500% | 29,000 | 26,767 | |
Ford Motor Co. | ||||
02/12/2032 | 3.250% | 750,000 | 563,197 | |
01/15/2043 | 4.750% | 3,582,000 | 2,499,953 | |
12/08/2046 | 5.291% | 1,500,000 | 1,110,304 |
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Ford Motor Credit Co. LLC | ||||
09/08/2024 | 3.664% | 934,000 | 885,835 | |
11/13/2025 | 3.375% | 679,000 | 617,006 | |
01/09/2027 | 4.271% | 630,000 | 569,378 | |
08/17/2027 | 4.125% | 363,000 | 322,233 | |
02/16/2028 | 2.900% | 221,000 | 179,450 | |
11/13/2030 | 4.000% | 1,330,000 | 1,078,185 | |
Goodyear Tire & Rubber Co. (The) | ||||
07/15/2029 | 5.000% | 328,000 | 284,676 | |
IAA Spinco, Inc.(a) | ||||
06/15/2027 | 5.500% | 767,000 | 719,104 | |
KAR Auction Services, Inc.(a) | ||||
06/01/2025 | 5.125% | 320,000 | 308,834 | |
Panther BF Aggregator 2 LP/Finance Co., Inc.(a) | ||||
05/15/2026 | 6.250% | 664,000 | 647,626 | |
05/15/2027 | 8.500% | 592,000 | 582,168 | |
Tenneco, Inc.(a) | ||||
01/15/2029 | 7.875% | 416,000 | 413,341 | |
Total | 10,808,057 | |||
Banking 6.8% | ||||
Bank of America Corp.(i) | ||||
07/23/2031 | 1.898% | 18,920,000 | 14,036,961 | |
10/20/2032 | 2.572% | 18,220,000 | 13,759,262 | |
02/04/2033 | 2.972% | 18,480,000 | 14,319,711 | |
Citigroup, Inc.(i) | ||||
06/03/2031 | 2.572% | 3,633,000 | 2,845,781 | |
01/25/2033 | 3.057% | 17,722,000 | 13,842,994 | |
Goldman Sachs Group, Inc. (The)(i) | ||||
07/21/2032 | 2.383% | 17,727,000 | 13,197,208 | |
10/21/2032 | 2.650% | 7,961,000 | 6,014,762 | |
HSBC Holdings PLC(i) | ||||
05/24/2032 | 2.804% | 5,399,000 | 3,871,767 | |
11/22/2032 | 2.871% | 19,069,000 | 13,576,052 | |
JPMorgan Chase & Co.(i) | ||||
10/15/2030 | 2.739% | 4,175,000 | 3,380,395 | |
11/19/2031 | 1.764% | 7,725,000 | 5,620,549 | |
04/22/2032 | 2.580% | 21,216,000 | 16,317,749 | |
11/08/2032 | 2.545% | 15,753,000 | 11,904,250 | |
Morgan Stanley(i) | ||||
07/21/2032 | 2.239% | 3,556,000 | 2,638,423 | |
Subordinated | ||||
09/16/2036 | 2.484% | 1,460,000 | 1,037,239 | |
04/20/2037 | 5.297% | 7,450,000 | 6,626,243 | |
Washington Mutual Bank(c),(d),(j) | ||||
Subordinated | ||||
01/15/2015 | 0.000% | 27,379,000 | 41,069 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 9 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Wells Fargo & Co.(i) | ||||
10/30/2030 | 2.879% | 1,254,000 | 1,027,726 | |
02/11/2031 | 2.572% | 25,691,000 | 20,494,953 | |
Total | 164,553,094 | |||
Brokerage/Asset Managers/Exchanges 0.1% | ||||
AG TTMT Escrow Issuer LLC(a) | ||||
09/30/2027 | 8.625% | 567,000 | 569,193 | |
Hightower Holding LLC(a) | ||||
04/15/2029 | 6.750% | 450,000 | 368,638 | |
NFP Corp(a) | ||||
10/01/2030 | 7.500% | 640,000 | 613,915 | |
NFP Corp.(a) | ||||
08/15/2028 | 4.875% | 471,000 | 411,748 | |
08/15/2028 | 6.875% | 1,592,000 | 1,371,957 | |
Total | 3,335,451 | |||
Building Materials 0.1% | ||||
American Builders & Contractors Supply Co., Inc.(a) | ||||
01/15/2028 | 4.000% | 299,000 | 264,314 | |
Beacon Roofing Supply, Inc.(a) | ||||
11/15/2026 | 4.500% | 463,000 | 425,821 | |
James Hardie International Finance DAC(a) | ||||
01/15/2028 | 5.000% | 250,000 | 226,703 | |
SRS Distribution, Inc.(a) | ||||
07/01/2028 | 4.625% | 525,000 | 461,883 | |
07/01/2029 | 6.125% | 556,000 | 456,744 | |
12/01/2029 | 6.000% | 447,000 | 364,575 | |
White Cap Buyer LLC(a) | ||||
10/15/2028 | 6.875% | 319,000 | 271,091 | |
Total | 2,471,131 | |||
Cable and Satellite 1.3% | ||||
CCO Holdings LLC/Capital Corp.(a) | ||||
05/01/2027 | 5.125% | 396,000 | 366,926 | |
06/01/2029 | 5.375% | 233,000 | 208,328 | |
03/01/2030 | 4.750% | 862,000 | 718,198 | |
08/15/2030 | 4.500% | 1,140,000 | 926,504 | |
02/01/2031 | 4.250% | 194,000 | 153,254 | |
02/01/2032 | 4.750% | 619,000 | 496,235 | |
CCO Holdings LLC/Capital Corp. | ||||
05/01/2032 | 4.500% | 2,448,000 | 1,917,078 | |
Charter Communications Operating LLC/Capital | ||||
05/01/2047 | 5.375% | 1,980,000 | 1,526,475 | |
06/30/2062 | 3.950% | 3,523,000 | 2,068,325 | |
04/01/2063 | 5.500% | 7,937,000 | 5,992,792 | |
CSC Holdings LLC | ||||
06/01/2024 | 5.250% | 586,000 | 568,495 |
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CSC Holdings LLC(a) | ||||
02/01/2028 | 5.375% | 640,000 | 590,180 | |
01/15/2030 | 5.750% | 402,000 | 309,540 | |
12/01/2030 | 4.125% | 941,000 | 739,318 | |
12/01/2030 | 4.625% | 241,000 | 173,627 | |
02/15/2031 | 3.375% | 961,000 | 697,062 | |
11/15/2031 | 5.000% | 159,000 | 115,178 | |
DIRECTV Holdings LLC/Financing Co., Inc.(a) | ||||
08/15/2027 | 5.875% | 666,000 | 599,411 | |
DISH DBS Corp. | ||||
07/01/2026 | 7.750% | 799,000 | 674,983 | |
06/01/2029 | 5.125% | 1,341,000 | 906,403 | |
DISH DBS Corp.(a) | ||||
12/01/2028 | 5.750% | 944,000 | 761,889 | |
Radiate Holdco LLC/Finance, Inc.(a) | ||||
09/15/2026 | 4.500% | 599,000 | 511,457 | |
09/15/2028 | 6.500% | 1,312,000 | 825,786 | |
Sirius XM Radio, Inc.(a) | ||||
09/01/2026 | 3.125% | 411,000 | 367,308 | |
08/01/2027 | 5.000% | 347,000 | 319,240 | |
07/15/2028 | 4.000% | 813,000 | 701,765 | |
07/01/2030 | 4.125% | 244,000 | 199,800 | |
Videotron Ltd.(a) | ||||
06/15/2029 | 3.625% | 4,632,000 | 3,884,285 | |
Virgin Media Finance PLC(a) | ||||
07/15/2030 | 5.000% | 542,000 | 434,233 | |
Virgin Media Secured Finance PLC(a) | ||||
05/15/2029 | 5.500% | 316,000 | 287,541 | |
VZ Secured Financing BV(a) | ||||
01/15/2032 | 5.000% | 1,165,000 | 934,609 | |
Ziggo Bond Co. BV(a) | ||||
02/28/2030 | 5.125% | 373,000 | 295,205 | |
Ziggo Bond Finance BV(a) | ||||
01/15/2027 | 6.000% | 335,000 | 303,095 | |
Ziggo BV(a) | ||||
01/15/2030 | 4.875% | 1,110,000 | 936,735 | |
Total | 30,511,260 | |||
Chemicals 0.4% | ||||
Avient Corp.(a) | ||||
08/01/2030 | 7.125% | 544,000 | 520,574 | |
Axalta Coating Systems LLC(a) | ||||
02/15/2029 | 3.375% | 221,000 | 182,508 | |
Axalta Coating Systems LLC/Dutch Holding B BV(a) | ||||
06/15/2027 | 4.750% | 408,000 | 373,509 | |
Braskem Netherlands Finance BV(a) | ||||
01/31/2030 | 4.500% | 1,500,000 | 1,214,990 | |
Cheever Escrow Issuer LLC(a) | ||||
10/01/2027 | 7.125% | 695,000 | 637,010 |
10 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Element Solutions, Inc.(a) | ||||
09/01/2028 | 3.875% | 618,000 | 525,027 | |
HB Fuller Co. | ||||
10/15/2028 | 4.250% | 633,000 | 550,896 | |
Herens Holdco Sarl(a) | ||||
05/15/2028 | 4.750% | 476,000 | 389,783 | |
Illuminate Buyer LLC/Holdings IV, Inc.(a) | ||||
07/01/2028 | 9.000% | 829,000 | 701,034 | |
INEOS Quattro Finance 2 Plc(a) | ||||
01/15/2026 | 3.375% | 739,000 | 623,356 | |
Ingevity Corp.(a) | ||||
11/01/2028 | 3.875% | 494,000 | 419,175 | |
Innophos Holdings, Inc.(a) | ||||
02/15/2028 | 9.375% | 305,000 | 290,514 | |
Iris Holdings, Inc.(a),(k) | ||||
02/15/2026 | 8.750% | 188,000 | 164,260 | |
Olympus Water US Holding Corp.(a) | ||||
10/01/2028 | 4.250% | 568,000 | 466,101 | |
10/01/2029 | 6.250% | 300,000 | 207,823 | |
SPCM SA(a) | ||||
03/15/2027 | 3.125% | 190,000 | 166,031 | |
Unifrax Escrow Issuer Corp.(a) | ||||
09/30/2028 | 5.250% | 284,000 | 228,343 | |
WR Grace Holdings LLC(a) | ||||
06/15/2027 | 4.875% | 836,000 | 731,371 | |
08/15/2029 | 5.625% | 1,743,000 | 1,347,387 | |
Total | 9,739,692 | |||
Construction Machinery 0.1% | ||||
H&E Equipment Services, Inc.(a) | ||||
12/15/2028 | 3.875% | 1,248,000 | 1,055,489 | |
Herc Holdings, Inc.(a) | ||||
07/15/2027 | 5.500% | 87,000 | 82,322 | |
Ritchie Bros. Auctioneers, Inc.(a) | ||||
01/15/2025 | 5.375% | 123,000 | 121,233 | |
United Rentals North America, Inc. | ||||
05/15/2027 | 5.500% | 179,000 | 174,715 | |
02/15/2031 | 3.875% | 194,000 | 160,837 | |
01/15/2032 | 3.750% | 203,000 | 164,223 | |
Total | 1,758,819 | |||
Consumer Cyclical Services 0.1% | ||||
APX Group, Inc.(a) | ||||
07/15/2029 | 5.750% | 98,000 | 77,330 | |
Arches Buyer, Inc.(a) | ||||
12/01/2028 | 6.125% | 765,000 | 590,467 | |
ASGN, Inc.(a) | ||||
05/15/2028 | 4.625% | 268,000 | 238,190 |
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Staples, Inc.(a) | ||||
04/15/2026 | 7.500% | 278,000 | 241,783 | |
Uber Technologies, Inc.(a) | ||||
05/15/2025 | 7.500% | 463,000 | 463,052 | |
01/15/2028 | 6.250% | 135,000 | 129,609 | |
08/15/2029 | 4.500% | 2,043,000 | 1,751,430 | |
Total | 3,491,861 | |||
Consumer Products 0.3% | ||||
CD&R Smokey Buyer, Inc.(a) | ||||
07/15/2025 | 6.750% | 614,000 | 583,270 | |
Mattel, Inc.(a) | ||||
04/01/2026 | 3.375% | 166,000 | 152,036 | |
12/15/2027 | 5.875% | 300,000 | 291,656 | |
04/01/2029 | 3.750% | 765,000 | 661,993 | |
Mattel, Inc. | ||||
10/01/2040 | 6.200% | 925,000 | 787,660 | |
11/01/2041 | 5.450% | 28,000 | 22,013 | |
Newell Brands, Inc. | ||||
06/01/2025 | 4.875% | 371,000 | 357,945 | |
09/15/2027 | 6.375% | 215,000 | 210,523 | |
09/15/2029 | 6.625% | 304,000 | 297,085 | |
04/01/2046 | 5.750% | 2,422,000 | 1,862,474 | |
Prestige Brands, Inc.(a) | ||||
01/15/2028 | 5.125% | 214,000 | 198,821 | |
Scotts Miracle-Gro Co. (The) | ||||
04/01/2031 | 4.000% | 275,000 | 210,605 | |
Spectrum Brands, Inc. | ||||
07/15/2025 | 5.750% | 136,000 | 134,152 | |
Spectrum Brands, Inc.(a) | ||||
10/01/2029 | 5.000% | 368,000 | 300,611 | |
07/15/2030 | 5.500% | 45,000 | 36,445 | |
03/15/2031 | 3.875% | 247,000 | 182,074 | |
Tempur Sealy International, Inc.(a) | ||||
10/15/2031 | 3.875% | 318,000 | 239,413 | |
Total | 6,528,776 | |||
Diversified Manufacturing 0.9% | ||||
Carrier Global Corp. | ||||
02/15/2030 | 2.722% | 8,257,000 | 6,783,907 | |
Gates Global LLC/Co.(a) | ||||
01/15/2026 | 6.250% | 876,000 | 841,927 | |
GE Capital International Funding Co. Unlimited Co. | ||||
11/15/2035 | 4.418% | 5,680,000 | 5,006,515 | |
General Electric Co.(b) | ||||
Junior Subordinated | ||||
3-month USD LIBOR + 3.330% 12/31/2049 | 6.623% | 7,040,000 | 6,809,180 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 11 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Madison IAQ LLC(a) | ||||
06/30/2028 | 4.125% | 741,000 | 618,493 | |
06/30/2029 | 5.875% | 587,000 | 403,816 | |
Resideo Funding, Inc.(a) | ||||
09/01/2029 | 4.000% | 385,000 | 315,005 | |
Vertical US Newco, Inc.(a) | ||||
07/15/2027 | 5.250% | 229,000 | 205,329 | |
WESCO Distribution, Inc.(a) | ||||
06/15/2025 | 7.125% | 1,091,000 | 1,101,921 | |
06/15/2028 | 7.250% | 233,000 | 236,309 | |
Total | 22,322,402 | |||
Electric 1.6% | ||||
AEP Texas, Inc. | ||||
01/15/2050 | 3.450% | 4,500,000 | 2,927,266 | |
Calpine Corp.(a) | ||||
02/15/2028 | 4.500% | 520,000 | 468,085 | |
Clearway Energy Operating LLC(a) | ||||
02/15/2031 | 3.750% | 1,016,000 | 845,610 | |
01/15/2032 | 3.750% | 193,000 | 153,257 | |
Duke Energy Corp. | ||||
09/01/2046 | 3.750% | 8,515,000 | 5,853,223 | |
Emera US Finance LP | ||||
06/15/2046 | 4.750% | 7,655,000 | 5,692,085 | |
Georgia Power Co. | ||||
03/15/2042 | 4.300% | 4,320,000 | 3,488,081 | |
Leeward Renewable Energy Operations LLC(a) | ||||
07/01/2029 | 4.250% | 135,000 | 109,455 | |
NextEra Energy Operating Partners LP(a) | ||||
07/15/2024 | 4.250% | 988,000 | 958,405 | |
NRG Energy, Inc. | ||||
01/15/2028 | 5.750% | 15,000 | 14,279 | |
NRG Energy, Inc.(a) | ||||
02/15/2029 | 3.375% | 182,000 | 152,267 | |
06/15/2029 | 5.250% | 768,000 | 697,886 | |
02/15/2031 | 3.625% | 1,894,000 | 1,507,377 | |
02/15/2032 | 3.875% | 6,663,000 | 5,260,541 | |
Pacific Gas and Electric Co. | ||||
07/01/2050 | 4.950% | 6,365,000 | 4,749,495 | |
Pattern Energy Operations LP/Inc.(a) | ||||
08/15/2028 | 4.500% | 132,000 | 118,618 | |
PG&E Corp. | ||||
07/01/2028 | 5.000% | 80,000 | 72,536 | |
Southern Co. (The) | ||||
07/01/2046 | 4.400% | 2,083,000 | 1,616,249 | |
TerraForm Power Operating LLC(a) | ||||
01/15/2030 | 4.750% | 494,000 | 444,508 |
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Vistra Operations Co. LLC(a) | ||||
09/01/2026 | 5.500% | 68,000 | 65,229 | |
02/15/2027 | 5.625% | 209,000 | 199,184 | |
07/31/2027 | 5.000% | 712,000 | 656,836 | |
05/01/2029 | 4.375% | 2,677,000 | 2,294,307 | |
Total | 38,344,779 | |||
Environmental 0.1% | ||||
GFL Environmental, Inc.(a) | ||||
08/01/2025 | 3.750% | 852,000 | 805,129 | |
12/15/2026 | 5.125% | 274,000 | 261,318 | |
08/01/2028 | 4.000% | 343,000 | 294,121 | |
09/01/2028 | 3.500% | 299,000 | 253,324 | |
06/15/2029 | 4.750% | 504,000 | 440,173 | |
Waste Pro USA, Inc.(a) | ||||
02/15/2026 | 5.500% | 1,255,000 | 1,160,804 | |
Total | 3,214,869 | |||
Finance Companies 0.3% | ||||
Navient Corp. | ||||
01/25/2023 | 5.500% | 151,000 | 151,017 | |
06/25/2025 | 6.750% | 79,000 | 75,492 | |
06/15/2026 | 6.750% | 579,000 | 546,302 | |
OneMain Finance Corp. | ||||
09/15/2030 | 4.000% | 45,000 | 33,933 | |
Provident Funding Associates LP/Finance Corp.(a) | ||||
06/15/2025 | 6.375% | 618,000 | 546,249 | |
Quicken Loans LLC/Co-Issuer, Inc.(a) | ||||
03/01/2029 | 3.625% | 2,049,000 | 1,587,850 | |
03/01/2031 | 3.875% | 975,000 | 726,033 | |
Rocket Mortgage LLC/Co-Issuer, Inc.(a) | ||||
10/15/2033 | 4.000% | 5,070,000 | 3,539,151 | |
Springleaf Finance Corp. | ||||
03/15/2024 | 6.125% | 502,000 | 490,559 | |
03/15/2025 | 6.875% | 181,000 | 175,555 | |
Total | 7,872,141 | |||
Food and Beverage 1.6% | ||||
Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | ||||
02/01/2046 | 4.900% | 12,833,000 | 11,133,168 | |
Bacardi Ltd.(a) | ||||
05/15/2048 | 5.300% | 10,245,000 | 8,386,163 | |
Becle SAB de CV(a) | ||||
10/14/2031 | 2.500% | 3,000,000 | 2,256,892 | |
Darling Ingredients, Inc.(a) | ||||
06/15/2030 | 6.000% | 720,000 | 692,970 | |
FAGE International SA/USA Dairy Industry, Inc.(a) | ||||
08/15/2026 | 5.625% | 1,199,000 | 1,062,851 |
12 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Grupo Bimbo SAB de CV(a) | ||||
06/27/2024 | 3.875% | 971,000 | 951,625 | |
JBS USA LUX SA/Food Co./Finance, Inc.(a) | ||||
01/15/2030 | 5.500% | 223,000 | 203,628 | |
12/01/2031 | 3.750% | 362,000 | 283,049 | |
Kraft Heinz Foods Co. | ||||
06/01/2046 | 4.375% | 1,368,000 | 1,068,902 | |
Lamb Weston Holdings, Inc.(a) | ||||
01/31/2030 | 4.125% | 422,000 | 368,967 | |
01/31/2032 | 4.375% | 421,000 | 362,701 | |
MHP SE(a) | ||||
05/10/2024 | 7.750% | 581,000 | 279,467 | |
Pilgrim’s Pride Corp.(a) | ||||
09/30/2027 | 5.875% | 491,000 | 480,311 | |
04/15/2031 | 4.250% | 1,786,000 | 1,496,035 | |
03/01/2032 | 3.500% | 9,274,000 | 7,118,246 | |
Post Holdings, Inc.(a) | ||||
03/01/2027 | 5.750% | 293,000 | 283,843 | |
04/15/2030 | 4.625% | 624,000 | 527,486 | |
09/15/2031 | 4.500% | 864,000 | 714,516 | |
Primo Water Holdings, Inc.(a) | ||||
04/30/2029 | 4.375% | 450,000 | 377,681 | |
Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed(a) | ||||
03/01/2029 | 4.625% | 517,000 | 431,432 | |
US Foods, Inc.(a) | ||||
04/15/2025 | 6.250% | 379,000 | 379,067 | |
02/15/2029 | 4.750% | 585,000 | 520,515 | |
06/01/2030 | 4.625% | 328,000 | 284,926 | |
Total | 39,664,441 | |||
Gaming 0.4% | ||||
Boyd Gaming Corp. | ||||
12/01/2027 | 4.750% | 332,000 | 304,231 | |
Boyd Gaming Corp.(a) | ||||
06/15/2031 | 4.750% | 497,000 | 420,002 | |
Caesars Entertainment, Inc.(a) | ||||
10/15/2029 | 4.625% | 1,374,000 | 1,099,515 | |
Colt Merger Sub, Inc.(a) | ||||
07/01/2025 | 5.750% | 501,000 | 489,838 | |
07/01/2025 | 6.250% | 1,369,000 | 1,336,512 | |
07/01/2027 | 8.125% | 435,000 | 423,158 | |
International Game Technology PLC(a) | ||||
02/15/2025 | 6.500% | 382,000 | 382,109 | |
04/15/2026 | 4.125% | 352,000 | 326,568 | |
MGM Resorts International | ||||
05/01/2025 | 6.750% | 2,000,000 | 1,973,630 | |
Midwest Gaming Borrower LLC(a) | ||||
05/01/2029 | 4.875% | 408,000 | 347,821 |
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Penn National Gaming, Inc.(a) | ||||
07/01/2029 | 4.125% | 373,000 | 296,548 | |
Scientific Games Holdings LP/US FinCo, Inc.(a) | ||||
03/01/2030 | 6.625% | 680,000 | 589,128 | |
Scientific Games International, Inc.(a) | ||||
07/01/2025 | 8.625% | 122,000 | 125,736 | |
05/15/2028 | 7.000% | 88,000 | 85,150 | |
11/15/2029 | 7.250% | 406,000 | 392,252 | |
Wynn Las Vegas LLC/Capital Corp.(a) | ||||
03/01/2025 | 5.500% | 137,000 | 129,786 | |
Wynn Resorts Finance LLC/Capital Corp.(a) | ||||
04/15/2025 | 7.750% | 175,000 | 170,574 | |
10/01/2029 | 5.125% | 165,000 | 131,513 | |
Total | 9,024,071 | |||
Health Care 1.2% | ||||
Acadia Healthcare Co., Inc.(a) | ||||
07/01/2028 | 5.500% | 195,000 | 180,910 | |
04/15/2029 | 5.000% | 669,000 | 602,713 | |
AdaptHealth LLC(a) | ||||
08/01/2029 | 4.625% | 138,000 | 117,540 | |
03/01/2030 | 5.125% | 686,000 | 594,866 | |
Avantor Funding, Inc.(a) | ||||
07/15/2028 | 4.625% | 326,000 | 294,478 | |
11/01/2029 | 3.875% | 858,000 | 724,252 | |
Becton Dickinson Euro Finance SARL | ||||
08/13/2041 | 1.336% | EUR | 4,111,000 | 2,420,673 |
Catalent Pharma Solutions, Inc.(a) | ||||
02/15/2029 | 3.125% | 106,000 | 86,783 | |
04/01/2030 | 3.500% | 257,000 | 207,548 | |
Charles River Laboratories International, Inc.(a) | ||||
05/01/2028 | 4.250% | 28,000 | 25,471 | |
03/15/2029 | 3.750% | 215,000 | 186,083 | |
03/15/2031 | 4.000% | 185,000 | 155,684 | |
CHS/Community Health Systems, Inc.(a) | ||||
03/15/2027 | 5.625% | 87,000 | 69,369 | |
04/15/2029 | 6.875% | 422,000 | 173,947 | |
05/15/2030 | 5.250% | 1,150,000 | 796,544 | |
02/15/2031 | 4.750% | 307,000 | 206,011 | |
CVS Health Corp. | ||||
03/25/2048 | 5.050% | 3,100,000 | 2,632,415 | |
Encompass Health Corp. | ||||
02/01/2028 | 4.500% | 422,000 | 377,331 | |
HCA, Inc. | ||||
06/15/2026 | 5.250% | 850,000 | 824,415 | |
HCA, Inc.(a) | ||||
03/15/2052 | 4.625% | 17,920,000 | 13,174,397 | |
Hologic, Inc.(a) | ||||
02/15/2029 | 3.250% | 170,000 | 144,523 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 13 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Indigo Merger Sub, Inc.(a) | ||||
07/15/2026 | 2.875% | 281,000 | 255,500 | |
IQVIA, Inc.(a) | ||||
10/15/2026 | 5.000% | 653,000 | 624,249 | |
Mozart Debt Merger Sub, Inc.(a) | ||||
04/01/2029 | 3.875% | 135,000 | 110,268 | |
10/01/2029 | 5.250% | 193,000 | 150,440 | |
Owens & Minor, Inc.(a) | ||||
04/01/2030 | 6.625% | 416,000 | 347,289 | |
Radiology Partners, Inc.(a) | ||||
02/01/2028 | 9.250% | 125,000 | 66,546 | |
RP Escrow Issuer LLC(a) | ||||
12/15/2025 | 5.250% | 281,000 | 211,415 | |
Select Medical Corp.(a) | ||||
08/15/2026 | 6.250% | 1,178,000 | 1,123,895 | |
Syneos Health, Inc.(a) | ||||
01/15/2029 | 3.625% | 107,000 | 88,233 | |
Tenet Healthcare Corp. | ||||
07/15/2024 | 4.625% | 341,000 | 332,375 | |
Tenet Healthcare Corp.(a) | ||||
01/01/2026 | 4.875% | 220,000 | 207,949 | |
02/01/2027 | 6.250% | 389,000 | 373,736 | |
11/01/2027 | 5.125% | 521,000 | 477,509 | |
06/15/2028 | 4.625% | 69,000 | 60,814 | |
10/01/2028 | 6.125% | 605,000 | 524,545 | |
06/01/2029 | 4.250% | 84,000 | 70,767 | |
01/15/2030 | 4.375% | 633,000 | 532,102 | |
Total | 29,553,585 | |||
Healthcare Insurance 0.2% | ||||
Centene Corp. | ||||
02/15/2030 | 3.375% | 615,000 | 510,667 | |
10/15/2030 | 3.000% | 506,000 | 406,278 | |
08/01/2031 | 2.625% | 4,372,000 | 3,342,986 | |
Total | 4,259,931 | |||
Home Construction 0.1% | ||||
Meritage Homes Corp. | ||||
06/01/2025 | 6.000% | 277,000 | 270,632 | |
Meritage Homes Corp.(a) | ||||
04/15/2029 | 3.875% | 2,684,000 | 2,175,820 | |
Shea Homes LP/Funding Corp.(a) | ||||
02/15/2028 | 4.750% | 70,000 | 59,032 | |
Taylor Morrison Communities, Inc.(a) | ||||
01/15/2028 | 5.750% | 84,000 | 77,047 | |
Taylor Morrison Communities, Inc./Holdings II(a) | ||||
04/15/2023 | 5.875% | 284,000 | 285,080 | |
Total | 2,867,611 |
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Independent Energy 1.5% | ||||
Apache Corp. | ||||
02/01/2042 | 5.250% | 227,000 | 182,074 | |
04/15/2043 | 4.750% | 246,000 | 184,947 | |
Callon Petroleum Co. | ||||
07/01/2026 | 6.375% | 812,000 | 781,657 | |
Callon Petroleum Co.(a) | ||||
08/01/2028 | 8.000% | 215,000 | 214,399 | |
CNX Resources Corp.(a) | ||||
03/14/2027 | 7.250% | 29,000 | 28,771 | |
01/15/2029 | 6.000% | 305,000 | 284,959 | |
01/15/2031 | 7.375% | 880,000 | 873,623 | |
Colgate Energy Partners III LLC(a) | ||||
07/01/2029 | 5.875% | 902,000 | 841,762 | |
Comstock Resources, Inc.(a) | ||||
03/01/2029 | 6.750% | 191,000 | 182,894 | |
01/15/2030 | 5.875% | 286,000 | 261,130 | |
CrownRock LP/Finance, Inc.(a) | ||||
10/15/2025 | 5.625% | 648,000 | 626,598 | |
05/01/2029 | 5.000% | 223,000 | 204,203 | |
Endeavor Energy Resources LP/Finance, Inc.(a) | ||||
01/30/2028 | 5.750% | 213,000 | 207,364 | |
Hilcorp Energy I LP/Finance Co.(a) | ||||
11/01/2028 | 6.250% | 22,000 | 20,717 | |
02/01/2029 | 5.750% | 264,000 | 241,606 | |
04/15/2030 | 6.000% | 300,000 | 273,320 | |
02/01/2031 | 6.000% | 282,000 | 255,769 | |
04/15/2032 | 6.250% | 334,000 | 307,489 | |
Matador Resources Co. | ||||
09/15/2026 | 5.875% | 422,000 | 414,615 | |
Occidental Petroleum Corp. | ||||
07/15/2025 | 8.000% | 213,000 | 226,031 | |
09/01/2030 | 6.625% | 896,000 | 932,533 | |
01/01/2031 | 6.125% | 3,429,000 | 3,442,047 | |
09/15/2036 | 6.450% | 9,723,000 | 9,656,092 | |
03/15/2040 | 6.200% | 672,000 | 646,372 | |
03/15/2046 | 6.600% | 12,797,000 | 12,612,719 | |
Southwestern Energy Co. | ||||
02/01/2029 | 5.375% | 144,000 | 134,100 | |
02/01/2032 | 4.750% | 1,327,000 | 1,150,146 | |
Total | 35,187,937 | |||
Integrated Energy 0.1% | ||||
Cenovus Energy, Inc. | ||||
02/15/2052 | 3.750% | 2,315,000 | 1,543,844 | |
Lukoil International Finance BV(a) | ||||
04/24/2023 | 4.563% | 971,000 | 865,527 | |
Total | 2,409,371 |
14 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Leisure 0.4% | ||||
Carnival Corp.(a) | ||||
03/01/2026 | 7.625% | 862,000 | 648,879 | |
03/01/2027 | 5.750% | 1,610,000 | 1,117,369 | |
08/01/2028 | 4.000% | 623,000 | 502,681 | |
05/01/2029 | 6.000% | 521,000 | 344,692 | |
Carnival Holdings Bermuda Ltd.(a) | ||||
05/01/2028 | 10.375% | 461,000 | 467,493 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC(a) | ||||
05/01/2025 | 5.500% | 651,000 | 646,571 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC | ||||
10/01/2028 | 6.500% | 334,000 | 313,933 | |
Cinemark USA, Inc.(a) | ||||
05/01/2025 | 8.750% | 93,000 | 93,674 | |
03/15/2026 | 5.875% | 743,000 | 626,525 | |
07/15/2028 | 5.250% | 417,000 | 320,022 | |
NCL Corp., Ltd.(a) | ||||
02/15/2029 | 7.750% | 104,000 | 82,918 | |
NCL Finance Ltd.(a) | ||||
03/15/2028 | 6.125% | 113,000 | 87,840 | |
Royal Caribbean Cruises Ltd.(a) | ||||
07/01/2026 | 4.250% | 293,000 | 233,361 | |
08/31/2026 | 5.500% | 657,000 | 536,548 | |
07/15/2027 | 5.375% | 266,000 | 208,728 | |
08/15/2027 | 11.625% | 515,000 | 500,464 | |
04/01/2028 | 5.500% | 872,000 | 671,447 | |
01/15/2029 | 8.250% | 400,000 | 398,731 | |
Royal Caribbean Cruises Ltd. | ||||
03/15/2028 | 3.700% | 330,000 | 237,775 | |
Six Flags Entertainment Corp.(a) | ||||
07/31/2024 | 4.875% | 491,000 | 475,304 | |
Six Flags Theme Parks, Inc.(a) | ||||
07/01/2025 | 7.000% | 31,000 | 31,319 | |
Total | 8,546,274 | |||
Life Insurance 0.1% | ||||
Peachtree Corners Funding Trust(a) | ||||
02/15/2025 | 3.976% | 2,100,000 | 2,014,259 | |
Lodging 0.0% | ||||
Hilton Domestic Operating Co., Inc.(a) | ||||
05/01/2025 | 5.375% | 61,000 | 60,068 | |
05/01/2028 | 5.750% | 67,000 | 64,662 | |
02/15/2032 | 3.625% | 253,000 | 201,422 | |
Marriott Ownership Resorts, Inc.(a) | ||||
06/15/2029 | 4.500% | 188,000 | 157,358 |
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Wyndham Hotels & Resorts, Inc.(a) | ||||
08/15/2028 | 4.375% | 312,000 | 274,557 | |
Total | 758,067 | |||
Media and Entertainment 1.6% | ||||
Cengage Learning, Inc.(a) | ||||
06/15/2024 | 9.500% | 548,000 | 519,254 | |
Clear Channel International BV(a) | ||||
08/01/2025 | 6.625% | 289,000 | 275,434 | |
Clear Channel Outdoor Holdings, Inc.(a) | ||||
04/15/2028 | 7.750% | 716,000 | 584,137 | |
06/01/2029 | 7.500% | 1,217,000 | 956,829 | |
Clear Channel Worldwide Holdings, Inc.(a) | ||||
08/15/2027 | 5.125% | 452,000 | 406,754 | |
iHeartCommunications, Inc. | ||||
05/01/2026 | 6.375% | 516,634 | 491,130 | |
05/01/2027 | 8.375% | 670,507 | 602,804 | |
iHeartCommunications, Inc.(a) | ||||
01/15/2028 | 4.750% | 846,000 | 738,060 | |
Magallanes, Inc.(a) | ||||
03/15/2052 | 5.141% | 1,495,000 | 1,046,622 | |
03/15/2062 | 5.391% | 25,177,000 | 17,555,876 | |
Netflix, Inc. | ||||
04/15/2028 | 4.875% | 546,000 | 518,991 | |
11/15/2028 | 5.875% | 749,000 | 744,025 | |
05/15/2029 | 4.625% | EUR | 3,824,000 | 3,684,710 |
05/15/2029 | 6.375% | 525,000 | 535,418 | |
Netflix, Inc.(a) | ||||
11/15/2029 | 3.875% | EUR | 2,128,000 | 1,952,442 |
11/15/2029 | 5.375% | 167,000 | 159,898 | |
06/15/2030 | 3.625% | EUR | 3,632,000 | 3,250,114 |
06/15/2030 | 4.875% | 3,306,000 | 3,060,116 | |
Outfront Media Capital LLC/Corp.(a) | ||||
08/15/2027 | 5.000% | 180,000 | 162,145 | |
01/15/2029 | 4.250% | 139,000 | 114,270 | |
03/15/2030 | 4.625% | 97,000 | 80,038 | |
Playtika Holding Corp.(a) | ||||
03/15/2029 | 4.250% | 275,000 | 229,022 | |
Roblox Corp.(a) | ||||
05/01/2030 | 3.875% | 413,000 | 339,013 | |
Univision Communications, Inc.(a) | ||||
05/01/2029 | 4.500% | 243,000 | 205,003 | |
06/30/2030 | 7.375% | 540,000 | 525,824 | |
Total | 38,737,929 | |||
Metals and Mining 0.2% | ||||
Allegheny Technologies, Inc. | ||||
10/01/2029 | 4.875% | 108,000 | 90,740 | |
10/01/2031 | 5.125% | 777,000 | 651,527 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 15 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Commercial Metals Co. | ||||
02/15/2031 | 3.875% | 60,000 | 48,572 | |
Constellium NV(a) | ||||
02/15/2026 | 5.875% | 614,000 | 571,198 | |
Constellium SE(a) | ||||
06/15/2028 | 5.625% | 646,000 | 567,968 | |
04/15/2029 | 3.750% | 1,309,000 | 1,026,361 | |
Hudbay Minerals, Inc.(a) | ||||
04/01/2029 | 6.125% | 441,000 | 365,059 | |
Kaiser Aluminum Corp.(a) | ||||
03/01/2028 | 4.625% | 83,000 | 72,613 | |
06/01/2031 | 4.500% | 1,407,000 | 1,104,909 | |
Novelis Corp.(a) | ||||
11/15/2026 | 3.250% | 256,000 | 225,411 | |
01/30/2030 | 4.750% | 554,000 | 471,258 | |
08/15/2031 | 3.875% | 309,000 | 239,638 | |
Total | 5,435,254 | |||
Midstream 1.9% | ||||
Cheniere Energy Partners LP | ||||
10/01/2029 | 4.500% | 264,000 | 233,088 | |
03/01/2031 | 4.000% | 409,000 | 345,133 | |
01/31/2032 | 3.250% | 1,124,000 | 874,772 | |
CNX Midstream Partners LP(a) | ||||
04/15/2030 | 4.750% | 451,000 | 371,285 | |
DCP Midstream Operating LP | ||||
03/15/2023 | 3.875% | 48,000 | 47,717 | |
Delek Logistics Partners LP/Finance Corp. | ||||
05/15/2025 | 6.750% | 96,000 | 92,824 | |
DT Midstream, Inc.(a) | ||||
06/15/2029 | 4.125% | 315,000 | 272,230 | |
06/15/2031 | 4.375% | 626,000 | 527,434 | |
Enterprise Products Operating LLC | ||||
01/31/2060 | 3.950% | 3,114,000 | 2,074,180 | |
EQM Midstream Partners LP(a) | ||||
07/01/2025 | 6.000% | 106,000 | 102,744 | |
07/01/2027 | 6.500% | 281,000 | 273,934 | |
01/15/2029 | 4.500% | 315,000 | 267,768 | |
01/15/2031 | 4.750% | 2,619,000 | 2,188,018 | |
EQM Midstream Partners LP | ||||
07/15/2048 | 6.500% | 6,358,000 | 4,897,871 | |
Galaxy Pipeline Assets Bidco Ltd.(a) | ||||
09/30/2040 | 3.250% | 3,995,000 | 2,824,823 | |
Hess Midstream Operations LP(a) | ||||
02/15/2030 | 4.250% | 202,000 | 172,686 | |
Holly Energy Partners LP/Finance Corp.(a) | ||||
04/15/2027 | 6.375% | 246,000 | 237,586 | |
02/01/2028 | 5.000% | 486,000 | 441,899 |
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
ITT Holdings LLC(a) | ||||
08/01/2029 | 6.500% | 324,000 | 260,803 | |
Kinder Morgan, Inc. | ||||
02/15/2046 | 5.050% | 4,655,000 | 3,762,380 | |
08/01/2052 | 5.450% | 3,776,000 | 3,193,988 | |
NuStar Logistics LP | ||||
10/01/2025 | 5.750% | 832,000 | 806,871 | |
06/01/2026 | 6.000% | 191,000 | 185,097 | |
04/28/2027 | 5.625% | 111,000 | 103,091 | |
Plains All American Pipeline LP/Finance Corp. | ||||
06/15/2044 | 4.700% | 11,015,000 | 7,786,804 | |
Sunoco LP/Finance Corp. | ||||
04/15/2027 | 6.000% | 239,000 | 234,163 | |
Targa Resources Partners LP/Finance Corp. | ||||
01/15/2028 | 5.000% | 388,000 | 357,868 | |
01/15/2029 | 6.875% | 43,000 | 42,888 | |
03/01/2030 | 5.500% | 734,000 | 676,864 | |
TransMontaigne Partners LP/TLP Finance Corp. | ||||
02/15/2026 | 6.125% | 868,000 | 742,980 | |
Venture Global Calcasieu Pass LLC(a) | ||||
08/15/2029 | 3.875% | 1,179,000 | 1,020,003 | |
08/15/2031 | 4.125% | 3,380,000 | 2,889,639 | |
11/01/2033 | 3.875% | 6,510,000 | 5,224,808 | |
Williams Companies, Inc. (The) | ||||
09/15/2045 | 5.100% | 2,916,000 | 2,401,768 | |
Total | 45,936,007 | |||
Natural Gas 0.3% | ||||
NiSource, Inc. | ||||
05/15/2047 | 4.375% | 8,669,000 | 6,693,262 | |
Oil Field Services 0.0% | ||||
Archrock Partners LP/Finance Corp.(a) | ||||
04/01/2028 | 6.250% | 67,000 | 62,305 | |
Nabors Industries Ltd.(a) | ||||
01/15/2026 | 7.250% | 164,000 | 158,149 | |
Transocean Guardian Ltd.(a) | ||||
01/15/2024 | 5.875% | 45,052 | 43,848 | |
Transocean Pontus Ltd.(a) | ||||
08/01/2025 | 6.125% | 26,320 | 25,256 | |
Transocean Sentry Ltd.(a) | ||||
05/15/2023 | 5.375% | 473,069 | 467,500 | |
USA Compression Partners LP/Finance Corp. | ||||
04/01/2026 | 6.875% | 103,000 | 98,871 | |
Total | 855,929 | |||
Other Industry 0.0% | ||||
Hillenbrand, Inc. | ||||
03/01/2031 | 3.750% | 224,000 | 179,541 |
16 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Other REIT 0.3% | ||||
Blackstone Mortgage Trust, Inc.(a) | ||||
01/15/2027 | 3.750% | 555,000 | 472,186 | |
Digital Dutch Finco BV(a) | ||||
03/15/2030 | 1.500% | EUR | 2,343,000 | 1,750,815 |
Digital Intrepid Holding BV(a) | ||||
07/18/2032 | 1.375% | EUR | 4,067,000 | 2,698,685 |
Ladder Capital Finance Holdings LLLP/Corp.(a) | ||||
10/01/2025 | 5.250% | 531,000 | 489,723 | |
02/01/2027 | 4.250% | 372,000 | 314,448 | |
06/15/2029 | 4.750% | 1,761,000 | 1,407,628 | |
Park Intermediate Holdings LLC/Domestic Property/Finance Co-Issuer(a) | ||||
10/01/2028 | 5.875% | 256,000 | 232,265 | |
Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer(a) | ||||
05/15/2029 | 4.875% | 311,000 | 265,824 | |
RHP Hotel Properties LP/Finance Corp.(a) | ||||
02/15/2029 | 4.500% | 156,000 | 136,817 | |
RLJ Lodging Trust LP(a) | ||||
07/01/2026 | 3.750% | 219,000 | 200,367 | |
09/15/2029 | 4.000% | 241,000 | 201,849 | |
Service Properties Trust | ||||
03/15/2024 | 4.650% | 147,000 | 139,950 | |
Total | 8,310,557 | |||
Packaging 0.3% | ||||
Ardagh Metal Packaging Finance USA LLC/PLC(a) | ||||
06/15/2027 | 6.000% | 632,000 | 606,395 | |
09/01/2029 | 4.000% | 1,215,000 | 925,305 | |
Ardagh Packaging Finance PLC/Holdings USA, Inc.(a) | ||||
08/15/2026 | 4.125% | 1,004,000 | 863,691 | |
Berry Global, Inc. | ||||
01/15/2026 | 1.570% | 4,500,000 | 3,901,992 | |
BWAY Holding Co.(a) | ||||
04/15/2024 | 5.500% | 167,000 | 163,645 | |
CANPACK SA/Eastern PA Land Investment Holding LLC(a) | ||||
11/01/2025 | 3.125% | 147,000 | 127,700 | |
Canpack SA/US LLC(a) | ||||
11/15/2029 | 3.875% | 755,000 | 599,536 | |
Trivium Packaging Finance BV(a) | ||||
08/15/2026 | 5.500% | 799,000 | 734,617 | |
08/15/2027 | 8.500% | 373,000 | 353,881 | |
Total | 8,276,762 | |||
Pharmaceuticals 0.4% | ||||
1375209 BC Ltd.(a) | ||||
01/30/2028 | 9.000% | 123,000 | 119,719 |
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
AbbVie, Inc. | ||||
06/15/2044 | 4.850% | 2,170,000 | 1,847,767 | |
11/14/2048 | 4.875% | 1,748,000 | 1,496,587 | |
11/21/2049 | 4.250% | 2,630,000 | 2,039,762 | |
Amgen, Inc. | ||||
03/01/2053 | 4.875% | 949,000 | 804,897 | |
02/22/2062 | 4.400% | 1,410,000 | 1,072,449 | |
Bausch Health Companies, Inc.(a) | ||||
11/01/2025 | 5.500% | 167,000 | 134,051 | |
02/01/2027 | 6.125% | 462,000 | 304,602 | |
08/15/2027 | 5.750% | 409,000 | 259,948 | |
06/01/2028 | 4.875% | 150,000 | 92,050 | |
09/30/2028 | 11.000% | 220,000 | 171,771 | |
10/15/2030 | 14.000% | 43,000 | 24,626 | |
Endo Dac/Finance LLC/Finco, Inc.(a),(j) | ||||
06/30/2028 | 0.000% | 220,000 | 10,639 | |
Grifols Escrow Issuer SA(a) | ||||
10/15/2028 | 4.750% | 337,000 | 263,509 | |
Organon Finance 1 LLC(a) | ||||
04/30/2028 | 4.125% | 901,000 | 793,029 | |
04/30/2031 | 5.125% | 745,000 | 632,556 | |
Total | 10,067,962 | |||
Property & Casualty 0.5% | ||||
Alliant Holdings Intermediate LLC/Co-Issuer(a) | ||||
10/15/2027 | 4.250% | 472,000 | 426,504 | |
10/15/2027 | 6.750% | 786,000 | 718,396 | |
11/01/2029 | 5.875% | 1,030,000 | 874,708 | |
AssuredPartners, Inc.(a) | ||||
08/15/2025 | 7.000% | 719,000 | 693,500 | |
01/15/2029 | 5.625% | 517,000 | 425,155 | |
Berkshire Hathaway Finance Corp. | ||||
03/15/2052 | 3.850% | 8,582,000 | 6,309,012 | |
BroadStreet Partners, Inc.(a) | ||||
04/15/2029 | 5.875% | 683,000 | 552,085 | |
GTCR AP Finance, Inc.(a) | ||||
05/15/2027 | 8.000% | 186,000 | 177,389 | |
HUB International Ltd.(a) | ||||
12/01/2029 | 5.625% | 576,000 | 495,070 | |
Ryan Specialty Group LLC(a) | ||||
02/01/2030 | 4.375% | 87,000 | 74,213 | |
USI, Inc.(a) | ||||
05/01/2025 | 6.875% | 65,000 | 63,401 | |
Total | 10,809,433 | |||
Restaurants 0.1% | ||||
1011778 BC ULC/New Red Finance, Inc.(a) | ||||
04/15/2025 | 5.750% | 755,000 | 754,907 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 17 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Fertitta Entertainment LLC/Finance Co., Inc.(a) | ||||
01/15/2030 | 6.750% | 636,000 | 499,187 | |
IRB Holding Corp.(a) | ||||
06/15/2025 | 7.000% | 1,015,000 | 1,015,403 | |
Papa John’s International, Inc.(a) | ||||
09/15/2029 | 3.875% | 127,000 | 103,396 | |
Yum! Brands, Inc. | ||||
03/15/2031 | 3.625% | 223,000 | 179,037 | |
04/01/2032 | 5.375% | 507,000 | 453,597 | |
Total | 3,005,527 | |||
Retailers 0.6% | ||||
Asbury Automotive Group, Inc.(a) | ||||
11/15/2029 | 4.625% | 131,000 | 107,724 | |
Group 1 Automotive, Inc.(a) | ||||
08/15/2028 | 4.000% | 153,000 | 125,951 | |
L Brands, Inc.(a) | ||||
07/01/2025 | 9.375% | 28,000 | 29,173 | |
10/01/2030 | 6.625% | 187,000 | 167,550 | |
L Brands, Inc. | ||||
06/15/2029 | 7.500% | 63,000 | 59,752 | |
11/01/2035 | 6.875% | 135,000 | 114,797 | |
LCM Investments Holdings II LLC(a) | ||||
05/01/2029 | 4.875% | 254,000 | 214,983 | |
Lithia Motors, Inc.(a) | ||||
01/15/2031 | 4.375% | 325,000 | 264,475 | |
Lowe’s Companies, Inc. | ||||
04/01/2062 | 4.450% | 4,219,000 | 3,076,148 | |
09/15/2062 | 5.800% | 11,305,000 | 10,121,038 | |
PetSmart, Inc./Finance Corp.(a) | ||||
02/15/2028 | 4.750% | 406,000 | 370,087 | |
02/15/2029 | 7.750% | 636,000 | 597,115 | |
Total | 15,248,793 | |||
Supermarkets 0.1% | ||||
Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
03/15/2026 | 7.500% | 76,000 | 77,902 | |
Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
03/15/2026 | 3.250% | 841,000 | 757,142 | |
01/15/2027 | 4.625% | 688,000 | 638,094 | |
Total | 1,473,138 | |||
Technology 1.8% | ||||
Black Knight InfoServ LLC(a) | ||||
09/01/2028 | 3.625% | 181,000 | 157,416 | |
Block, Inc. | ||||
06/01/2026 | 2.750% | 151,000 | 135,131 | |
06/01/2031 | 3.500% | 214,000 | 172,284 |
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Boxer Parent Co., Inc.(a) | ||||
10/02/2025 | 7.125% | 63,000 | 62,015 | |
Broadcom, Inc.(a) | ||||
04/15/2034 | 3.469% | 10,850,000 | 8,121,124 | |
11/15/2036 | 3.187% | 4,079,000 | 2,783,143 | |
Camelot Finance SA(a) | ||||
11/01/2026 | 4.500% | 127,000 | 118,591 | |
Clarivate Science Holdings Corp.(a) | ||||
07/01/2028 | 3.875% | 252,000 | 218,272 | |
07/01/2029 | 4.875% | 596,000 | 496,938 | |
CommScope Technologies LLC(a) | ||||
06/15/2025 | 6.000% | 99,000 | 93,188 | |
Condor Merger Sub, Inc.(a) | ||||
02/15/2030 | 7.375% | 712,000 | 589,808 | |
Dun & Bradstreet Corp. (The)(a) | ||||
12/15/2029 | 5.000% | 182,000 | 154,249 | |
Entegris Escrow Corp.(a) | ||||
04/15/2029 | 4.750% | 236,000 | 210,736 | |
06/15/2030 | 5.950% | 834,000 | 762,103 | |
Gartner, Inc.(a) | ||||
07/01/2028 | 4.500% | 137,000 | 126,970 | |
06/15/2029 | 3.625% | 3,326,000 | 2,866,320 | |
10/01/2030 | 3.750% | 8,044,000 | 6,802,383 | |
HealthEquity, Inc.(a) | ||||
10/01/2029 | 4.500% | 669,000 | 584,625 | |
Helios Software Holdings, Inc.(a) | ||||
05/01/2028 | 4.625% | 466,000 | 359,496 | |
HP, Inc.(a) | ||||
03/01/2029 | 4.750% | 942,000 | 951,257 | |
ION Trading Technologies Sarl(a) | ||||
05/15/2028 | 5.750% | 413,000 | 332,487 | |
Iron Mountain, Inc.(a) | ||||
07/15/2028 | 5.000% | 140,000 | 125,187 | |
09/15/2029 | 4.875% | 42,000 | 36,195 | |
07/15/2030 | 5.250% | 517,000 | 448,391 | |
Logan Merger Sub, Inc.(a) | ||||
09/01/2027 | 5.500% | 1,160,000 | 675,944 | |
Minerva Merger Sub, Inc.(a) | ||||
02/15/2030 | 6.500% | 991,000 | 773,243 | |
NCR Corp.(a) | ||||
09/01/2027 | 5.750% | 91,000 | 87,785 | |
10/01/2028 | 5.000% | 516,000 | 437,397 | |
04/15/2029 | 5.125% | 594,000 | 498,038 | |
09/01/2029 | 6.125% | 184,000 | 176,257 | |
10/01/2030 | 5.250% | 235,000 | 189,820 | |
NXP BV/Funding LLC/USA, Inc. | ||||
05/01/2030 | 3.400% | 1,090,000 | 903,909 | |
01/15/2033 | 5.000% | 3,969,000 | 3,571,734 | |
02/15/2042 | 3.125% | 2,907,000 | 1,828,041 |
18 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Oracle Corp. | ||||
04/01/2050 | 3.600% | 1,980,000 | 1,219,027 | |
03/25/2061 | 4.100% | 2,769,000 | 1,735,007 | |
Picard Midco, Inc.(a) | ||||
03/31/2029 | 6.500% | 474,000 | 411,243 | |
PTC, Inc.(a) | ||||
02/15/2025 | 3.625% | 149,000 | 142,140 | |
Sabre GLBL, Inc.(a) | ||||
04/15/2025 | 9.250% | 73,000 | 71,171 | |
09/01/2025 | 7.375% | 100,000 | 94,003 | |
Sensata Technologies BV(a) | ||||
09/01/2030 | 5.875% | 496,000 | 471,126 | |
Shift4 Payments LLC/Finance Sub, Inc.(a) | ||||
11/01/2026 | 4.625% | 244,000 | 224,952 | |
Switch Ltd.(a) | ||||
09/15/2028 | 3.750% | 125,000 | 126,252 | |
06/15/2029 | 4.125% | 252,000 | 252,877 | |
Tempo Acquisition LLC/Finance Corp.(a) | ||||
06/01/2025 | 5.750% | 192,000 | 189,443 | |
Tencent Holdings Ltd.(a) | ||||
06/03/2050 | 3.240% | 2,050,000 | 1,072,866 | |
Verscend Escrow Corp.(a) | ||||
08/15/2026 | 9.750% | 497,000 | 498,389 | |
ZoomInfo Technologies LLC/Finance Corp.(a) | ||||
02/01/2029 | 3.875% | 240,000 | 202,140 | |
Total | 42,561,113 | |||
Wireless 0.8% | ||||
Altice France Holding SA(a) | ||||
02/15/2028 | 6.000% | 559,000 | 361,192 | |
Altice France SA(a) | ||||
02/01/2027 | 8.125% | 85,000 | 77,859 | |
01/15/2028 | 5.500% | 830,000 | 658,537 | |
07/15/2029 | 5.125% | 881,000 | 664,117 | |
10/15/2029 | 5.500% | 537,000 | 409,334 | |
American Tower Corp. | ||||
08/15/2029 | 3.800% | 7,011,000 | 6,119,399 | |
06/15/2030 | 2.100% | 1,950,000 | 1,482,090 | |
SBA Communications Corp. | ||||
02/15/2027 | 3.875% | 375,000 | 338,916 | |
02/01/2029 | 3.125% | 576,000 | 466,719 | |
Sprint Capital Corp. | ||||
03/15/2032 | 8.750% | 209,000 | 245,194 | |
Sprint Corp. | ||||
06/15/2024 | 7.125% | 669,000 | 679,455 | |
02/15/2025 | 7.625% | 741,000 | 765,117 | |
T-Mobile US, Inc. | ||||
02/15/2031 | 2.875% | 2,124,000 | 1,710,752 | |
04/15/2031 | 3.500% | 5,198,000 | 4,398,542 |
Corporate Bonds & Notes(h) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Vmed O2 UK Financing I PLC(a) | ||||
01/31/2031 | 4.250% | 1,220,000 | 982,120 | |
07/15/2031 | 4.750% | 777,000 | 630,621 | |
Total | 19,989,964 | |||
Wirelines 0.3% | ||||
AT&T, Inc. | ||||
12/01/2057 | 3.800% | 7,107,000 | 4,682,448 | |
CenturyLink, Inc.(a) | ||||
02/15/2027 | 4.000% | 227,000 | 193,212 | |
Front Range BidCo, Inc.(a) | ||||
03/01/2027 | 4.000% | 470,000 | 363,003 | |
Frontier Communications Holdings LLC(a) | ||||
05/15/2030 | 8.750% | 294,000 | 300,165 | |
Iliad Holding SAS(a) | ||||
10/15/2026 | 6.500% | 905,000 | 838,841 | |
10/15/2028 | 7.000% | 1,298,000 | 1,174,091 | |
Total | 7,551,760 | |||
Total Corporate Bonds & Notes (Cost $869,781,165) | 686,307,563 | |||
Foreign Government Obligations(l) 2.7% | ||||
Canada 0.0% | ||||
NOVA Chemicals Corp.(a) | ||||
05/01/2025 | 5.000% | 75,000 | 71,362 | |
06/01/2027 | 5.250% | 445,000 | 397,648 | |
05/15/2029 | 4.250% | 441,000 | 360,173 | |
Total | 829,183 | |||
Colombia 0.5% | ||||
Colombia Government International Bond | ||||
04/15/2031 | 3.125% | 3,793,000 | 2,606,965 | |
04/22/2032 | 3.250% | 2,860,000 | 1,911,793 | |
02/26/2044 | 5.625% | 775,000 | 503,243 | |
06/15/2045 | 5.000% | 3,000,000 | 1,814,252 | |
05/15/2049 | 5.200% | 4,442,000 | 2,705,345 | |
Ecopetrol SA | ||||
04/29/2030 | 6.875% | 4,400,000 | 3,613,138 | |
Total | 13,154,736 | |||
Dominican Republic 0.0% | ||||
Dominican Republic International Bond(a) | ||||
01/25/2027 | 5.950% | 785,000 | 739,327 | |
Egypt 0.1% | ||||
Egypt Government International Bond(a) | ||||
02/16/2031 | 5.875% | 4,255,000 | 2,604,321 | |
01/31/2047 | 8.500% | 1,015,000 | 593,203 | |
Total | 3,197,524 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 19 |
October 31, 2022 (Unaudited)
Foreign Government Obligations(l) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
India 0.1% | ||||
Export-Import Bank of India(a) | ||||
01/15/2030 | 3.250% | 2,250,000 | 1,829,391 | |
Indonesia 0.1% | ||||
PT Indonesia Asahan Aluminium Persero(a) | ||||
05/15/2025 | 4.750% | 342,000 | 326,824 | |
05/15/2030 | 5.450% | 1,700,000 | 1,488,389 | |
Total | 1,815,213 | |||
Ivory Coast 0.1% | ||||
Ivory Coast Government International Bond(a) | ||||
06/15/2033 | 6.125% | 2,801,000 | 2,194,921 | |
Mexico 0.8% | ||||
Petroleos Mexicanos | ||||
09/21/2047 | 6.750% | 14,016,000 | 8,410,244 | |
01/23/2050 | 7.690% | 6,500,000 | 4,213,322 | |
01/28/2060 | 6.950% | 11,185,000 | 6,702,187 | |
Total | 19,325,753 | |||
Paraguay 0.1% | ||||
Paraguay Government International Bond(a) | ||||
08/11/2044 | 6.100% | 2,465,000 | 2,155,754 | |
Qatar 0.3% | ||||
Qatar Government International Bond(a) | ||||
03/14/2049 | 4.817% | 2,400,000 | 2,142,596 | |
Qatar Petroleum(a) | ||||
07/12/2031 | 2.250% | 5,762,000 | 4,622,058 | |
Total | 6,764,654 | |||
Russian Federation 0.0% | ||||
Gazprom OAO Via Gaz Capital SA(a) | ||||
02/06/2028 | 4.950% | 1,320,000 | 708,052 | |
Saudi Arabia 0.1% | ||||
Saudi Government International Bond(a) | ||||
04/17/2049 | 5.000% | 2,550,000 | 2,173,673 | |
South Africa 0.2% | ||||
Republic of South Africa Government International Bond | ||||
09/30/2029 | 4.850% | 2,300,000 | 1,952,644 | |
09/30/2049 | 5.750% | 3,152,000 | 2,097,837 | |
Total | 4,050,481 | |||
Ukraine 0.0% | ||||
Ukraine Government International Bond(a) | ||||
09/25/2034 | 7.375% | 800,000 | 127,129 |
Foreign Government Obligations(l) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
United Arab Emirates 0.3% | ||||
DP World Ltd.(a) | ||||
09/25/2048 | 5.625% | 3,620,000 | 2,992,914 | |
DP World PLC(a) | ||||
07/02/2037 | 6.850% | 3,540,000 | 3,397,319 | |
Total | 6,390,233 | |||
Total Foreign Government Obligations (Cost $92,945,802) | 65,456,024 | |||
Municipal Bonds 0.7% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Local General Obligation 0.2% | ||||
City of New York | ||||
Unlimited General Obligation Bonds | ||||
Series 2021A-1 | ||||
08/01/2047 | 5.000% | 5,100,000 | 5,205,763 | |
Municipal Power 0.1% | ||||
Los Angeles Department of Water & Power | ||||
Refunding Revenue Bonds | ||||
Series 2021B | ||||
07/01/2051 | 5.000% | 2,605,000 | 2,681,406 | |
Special Non Property Tax 0.4% | ||||
New York State Urban Development Corp. | ||||
Refunding Revenue Bonds | ||||
State Personal Income Tax | ||||
Series 2020 | ||||
03/15/2050 | 5.000% | 8,250,000 | 8,407,538 | |
Total Municipal Bonds (Cost $17,207,591) | 16,294,707 | |||
Residential Mortgage-Backed Securities - Agency 29.4% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Federal Home Loan Mortgage Corp. | ||||
04/01/2026 | 4.000% | 68,734 | 67,501 | |
12/01/2046 | 3.500% | 6,079,116 | 5,474,280 | |
12/01/2051 | 2.500% | 23,203,736 | 19,109,711 | |
Federal Home Loan Mortgage Corp.(m) | ||||
09/01/2049 | 3.000% | 4,898,062 | 4,187,320 | |
Federal Home Loan Mortgage Corp.(b),(f) | ||||
CMO Series 3922 Class SH | ||||
-1.0 x 1-month USD LIBOR + 5.900% Cap 5.900% 09/15/2041 | 2.488% | 232,648 | 16,961 |
20 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 4097 Class ST | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 08/15/2042 | 2.638% | 637,891 | 88,350 | |
CMO Series 4903 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 08/25/2049 | 2.464% | 11,474,708 | 1,157,422 | |
CMO Series 4979 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 06/25/2048 | 2.464% | 5,292,874 | 610,996 | |
CMO STRIPS Series 2012-278 Class S1 | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 09/15/2042 | 2.638% | 856,507 | 78,749 | |
CMO STRIPS Series 309 Class S4 | ||||
-1.0 x 1-month USD LIBOR + 5.970% Cap 5.970% 08/15/2043 | 2.558% | 422,221 | 38,182 | |
Federal Home Loan Mortgage Corp.(f) | ||||
CMO Series 4176 Class BI | ||||
03/15/2043 | 3.500% | 789,691 | 113,853 | |
Federal Home Loan Mortgage Corp.(e),(f) | ||||
CMO Series 4620 Class AS | ||||
11/15/2042 | 0.000% | 721,368 | 30,662 | |
Federal Home Loan Mortgage Corp. REMICS(f) | ||||
CMO Series 5187 Class IK | ||||
01/25/2052 | 3.000% | 23,193,797 | 4,905,395 | |
Federal National Mortgage Association(b) | ||||
6-month USD LIBOR + 1.415% Floor 1.415%, Cap 11.040% 06/01/2032 | 2.665% | 2,511 | 2,455 | |
1-year CMT + 2.305% Floor 2.305%, Cap 10.430% 07/01/2037 | 4.055% | 48,797 | 48,222 | |
Federal National Mortgage Association(m) | ||||
08/01/2043- 02/01/2048 | 4.000% | 10,118,057 | 9,461,168 | |
04/01/2049- 11/01/2051 | 3.000% | 36,569,133 | 31,289,684 | |
Federal National Mortgage Association | ||||
06/01/2045- 05/01/2052 | 3.500% | 32,777,717 | 29,194,639 | |
09/01/2048 | 4.000% | 1,012,998 | 936,746 | |
11/01/2049- 04/01/2052 | 3.000% | 20,737,977 | 17,724,296 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2017-72 Class B | ||||
09/25/2047 | 3.000% | 5,372,602 | 4,806,448 | |
Federal National Mortgage Association(b),(f) | ||||
CMO Series 2013-101 Class CS | ||||
-1.0 x 1-month USD LIBOR + 5.900% Cap 5.900% 10/25/2043 | 2.314% | 2,099,044 | 195,630 | |
CMO Series 2014-93 Class ES | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 01/25/2045 | 2.564% | 1,267,184 | 133,799 | |
CMO Series 2016-31 Class VS | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 06/25/2046 | 2.414% | 933,275 | 81,854 | |
CMO Series 2016-53 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 08/25/2046 | 2.414% | 4,049,844 | 402,542 | |
CMO Series 2016-57 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 08/25/2046 | 2.414% | 9,306,203 | 906,892 | |
CMO Series 2017-109 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 01/25/2048 | 2.564% | 4,707,442 | 523,391 | |
CMO Series 2017-20 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.100% Cap 6.100% 04/25/2047 | 2.514% | 3,944,821 | 412,038 | |
CMO Series 2017-54 Class NS | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 07/25/2047 | 2.564% | 3,514,458 | 418,775 | |
CMO Series 2017-54 Class SN | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 07/25/2047 | 2.564% | 7,031,138 | 882,820 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 21 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2018-66 Class SM | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 09/25/2048 | 2.614% | 4,862,243 | 522,168 | |
CMO Series 2018-67 MS Class MS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 09/25/2048 | 2.614% | 3,593,052 | 398,764 | |
CMO Series 2018-74 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 10/25/2048 | 2.564% | 6,948,277 | 737,669 | |
CMO Series 2019-33 Class SB | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 07/25/2049 | 2.464% | 16,711,420 | 1,706,383 | |
CMO Series 2019-60 Class SH | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 10/25/2049 | 2.464% | 10,457,468 | 1,067,690 | |
CMO Series 2019-67 Class SE | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 11/25/2049 | 2.464% | 8,918,821 | 1,139,433 | |
Federal National Mortgage Association(f) | ||||
CMO Series 2020-76 Class EI | ||||
11/25/2050 | 2.500% | 13,785,850 | 2,157,178 | |
Freddie Mac REMICS(f) | ||||
CMO Series 5123 Class IG | ||||
08/25/2048 | 2.500% | 14,972,164 | 2,005,500 | |
CMO Series 5152 Class XI | ||||
11/25/2050 | 2.500% | 41,832,156 | 5,882,735 | |
Freddie Mac STACR REMIC Trust(a),(b) | ||||
Subordinated CMO Series 2021-HQA2 Class B2 | ||||
30-day Average SOFR + 5.450% 12/25/2033 | 8.447% | 5,000,000 | 3,805,613 | |
Government National Mortgage Association(b) | ||||
1-year CMT + 1.500% Floor 1.500%, Cap 11.500% 07/20/2025 | 1.625% | 3,430 | 3,384 | |
Government National Mortgage Association | ||||
12/15/2038- 01/15/2039 | 6.000% | 34,629 | 36,335 | |
02/15/2039 | 5.500% | 16,243 | 16,630 | |
10/15/2040- 04/15/2041 | 4.000% | 436,660 | 414,322 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Government National Mortgage Association(m) | ||||
04/20/2048 | 4.500% | 3,846,836 | 3,704,734 | |
Government National Mortgage Association(f) | ||||
CMO Series 2014-184 Class CI | ||||
11/16/2041 | 3.500% | 3,807,739 | 494,217 | |
CMO Series 2020-175 Class KI | ||||
11/20/2050 | 2.500% | 25,815,883 | 3,642,081 | |
CMO Series 2020-191 Class UG | ||||
12/20/2050 | 3.500% | 17,714,259 | 3,000,385 | |
CMO Series 2021-119 Class QI | ||||
07/20/2051 | 3.000% | 22,485,741 | 3,377,325 | |
CMO Series 2021-16 Class KI | ||||
01/20/2051 | 2.500% | 22,848,963 | 3,306,435 | |
CMO Series 2021-89 Class IO | ||||
05/20/2051 | 3.000% | 24,537,479 | 3,711,120 | |
CMO Series 2021-9 Class MI | ||||
01/20/2051 | 2.500% | 20,221,507 | 2,697,739 | |
CMO Series 2021-97 Class IQ | ||||
06/20/2051 | 2.500% | 15,057,218 | 1,922,890 | |
Government National Mortgage Association(b),(f) | ||||
CMO Series 2017-130 Class GS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2047 | 2.711% | 9,756,435 | 1,370,067 | |
CMO Series 2017-130 Class HS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2047 | 2.711% | 4,750,284 | 439,106 | |
CMO Series 2017-149 Class BS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 10/20/2047 | 2.711% | 6,180,800 | 645,670 | |
CMO Series 2017-163 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 11/20/2047 | 2.711% | 2,483,651 | 223,870 | |
CMO Series 2017-37 Class SB | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 03/20/2047 | 2.661% | 3,669,024 | 331,266 | |
CMO Series 2018-103 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2048 | 2.711% | 3,569,177 | 345,037 |
22 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2018-112 Class LS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2048 | 2.711% | 4,438,909 | 431,138 | |
CMO Series 2018-125 Class SK | ||||
-1.0 x 1-month USD LIBOR + 6.250% Cap 6.250% 09/20/2048 | 2.761% | 5,599,797 | 441,911 | |
CMO Series 2018-134 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 10/20/2048 | 2.711% | 4,466,364 | 420,976 | |
CMO Series 2018-139 Class SC | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 10/20/2048 | 2.661% | 3,197,657 | 296,765 | |
CMO Series 2018-148 Class SB | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 01/20/2048 | 2.711% | 8,730,052 | 901,260 | |
CMO Series 2018-151 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 11/20/2048 | 2.661% | 7,423,626 | 708,571 | |
CMO Series 2018-89 Class MS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 06/20/2048 | 2.711% | 4,609,179 | 380,401 | |
CMO Series 2018-89 Class SM | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 06/20/2048 | 2.711% | 5,874,064 | 437,345 | |
CMO Series 2018-91 Class DS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 07/20/2048 | 2.711% | 4,511,007 | 408,592 | |
CMO Series 2019-20 Class JS | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 02/20/2049 | 2.511% | 7,066,654 | 656,631 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2019-5 Class SH | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 01/20/2049 | 2.661% | 5,089,795 | 478,259 | |
CMO Series 2019-56 Class SG | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 05/20/2049 | 2.661% | 5,625,932 | 523,955 | |
CMO Series 2019-59 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 05/20/2049 | 2.561% | 5,404,464 | 513,929 | |
CMO Series 2019-85 Class SC | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 07/20/2049 | 2.661% | 4,893,033 | 443,730 | |
CMO Series 2019-90 Class SD | ||||
-1.0 x 1-month USD LIBOR + 6.150% 07/20/2049 | 2.661% | 8,107,330 | 810,886 | |
CMO Series 2020-21 Class VS | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 02/20/2050 | 2.561% | 3,680,964 | 388,617 | |
CMO Series 2020-62 Class SG | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 05/20/2050 | 2.661% | 6,761,553 | 635,737 | |
CMO Series 2022-18 Class SL | ||||
-1.0 x 30-day Average SOFR + 6.300% Cap 6.300% 01/20/2052 | 3.380% | 24,773,880 | 3,121,177 | |
CMO Series 2022-63 Class GS | ||||
-1.0 x 30-day Average SOFR + 5.500% Cap 5.500% 04/20/2052 | 2.580% | 26,177,311 | 2,405,218 | |
Government National Mortgage Association TBA(n) | ||||
11/21/2052 | 4.000% | 96,000,000 | 88,453,497 | |
Uniform Mortgage-Backed Security TBA(n) | ||||
11/16/2037- 11/14/2052 | 3.000% | 106,500,000 | 92,732,823 | |
11/14/2052 | 3.500% | 45,750,000 | 40,205,912 | |
11/14/2052 | 4.000% | 62,000,000 | 56,351,217 | |
11/14/2052 | 4.500% | 126,100,000 | 118,277,859 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 23 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
11/14/2052 | 5.000% | 128,000,000 | 123,425,000 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $760,252,294) | 716,257,933 | |||
Residential Mortgage-Backed Securities - Non-Agency 33.0% | ||||
510 Asset Backed Trust(a),(e) | ||||
CMO Series 2021-NPL2 Class A1 | ||||
06/25/2061 | 2.116% | 8,214,844 | 7,582,242 | |
American Mortgage Trust(c),(d),(e) | ||||
CMO Series 2093-3 Class 3A | ||||
07/27/2023 | 8.188% | 35 | 21 | |
Angel Oak Mortgage Trust I LLC(a),(e) | ||||
CMO Series 2018-3 Class M1 | ||||
09/25/2048 | 4.421% | 4,795,000 | 4,646,699 | |
Bellemeade Re Ltd.(a),(b) | ||||
CMO Series 2017-1 Class M2 | ||||
1-month USD LIBOR + 3.350% 10/25/2027 | 6.936% | 642,146 | 642,155 | |
CMO Series 2019-1A Class M1B | ||||
1-month USD LIBOR + 1.750% Floor 1.750% 03/25/2029 | 5.336% | 311,291 | 310,572 | |
CMO Series 2019-2A Class M1C | ||||
1-month USD LIBOR + 2.000% Floor 2.000% 04/25/2029 | 5.586% | 5,006,431 | 4,953,646 | |
CMO Series 2019-2A Class M2 | ||||
1-month USD LIBOR + 3.100% Floor 3.100% 04/25/2029 | 6.686% | 10,964,000 | 10,575,763 | |
CMO Series 2019-4A Class M1C | ||||
1-month USD LIBOR + 2.500% Floor 2.500% 10/25/2029 | 6.086% | 3,580,938 | 3,572,127 | |
CMO Series 2020-3A Class M1B | ||||
1-month USD LIBOR + 2.850% Floor 2.850% 10/25/2030 | 6.436% | 460,890 | 460,747 | |
CMO Series 2020-4A Class M2B | ||||
1-month USD LIBOR + 3.600% Floor 3.600% 06/25/2030 | 7.186% | 4,048,804 | 4,044,156 | |
CMO Series 2021-2A Class M1B | ||||
30-day Average SOFR + 1.500% Floor 1.500% 06/25/2031 | 3.781% | 8,000,000 | 7,626,064 | |
Subordinated CMO Series 2018-3A Class B1 | ||||
1-month USD LIBOR + 3.900% Floor 3.900% 10/25/2028 | 7.486% | 6,000,000 | 5,775,775 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
BVRT Financing Trust(a),(b),(d) | ||||
CMO Series 2021-3F Class M1 | ||||
30-day Average SOFR + 1.750% Floor 1.750% 07/12/2033 | 3.608% | 10,355,635 | 10,355,635 | |
CMO Series 2021-3F Class M2 | ||||
30-day Average SOFR + 2.900% Floor 2.900% 07/12/2033 | 4.187% | 15,300,000 | 15,300,000 | |
CMO Series 2021-CRT3 Class B1 | ||||
30-day Average SOFR + 4.300% Floor 4.300% 01/10/2031 | 4.338% | 10,000,000 | 10,000,000 | |
CMO Series 2021-CRT3 Class M3 | ||||
30-day Average SOFR + 3.150% Floor 3.150% 01/10/2031 | 3.188% | 411,023 | 411,023 | |
BVRT Financing Trust(a),(b),(c),(d) | ||||
CMO Series 2021-CRT1 Class M3 | ||||
1-month USD LIBOR + 2.750% Floor 3.000% 01/10/2033 | 3.000% | 11,752,556 | 11,351,206 | |
CHL GMSR Issuer Trust(a),(b) | ||||
CMO Series 2018-GT1 Class A | ||||
1-month USD LIBOR + 1.000% 05/25/2023 | 6.336% | 6,600,000 | 6,598,828 | |
CIM Trust(a),(b) | ||||
CMO Series 2018-R6 Class A1 | ||||
1-month USD LIBOR + 1.076% Floor 1.076% 09/25/2058 | 4.204% | 3,897,636 | 3,812,420 | |
Citigroup Mortgage Loan Trust, Inc.(a) | ||||
Subordinated CMO Series 2014-C Class B1 | ||||
02/25/2054 | 4.250% | 4,695,669 | 4,495,583 | |
COLT Mortgage Loan Trust(a),(e) | ||||
CMO Series 2021-3 Class A1 | ||||
09/27/2066 | 0.956% | 7,857,931 | 5,780,882 | |
CMO Series 2021-5 Class A3 | ||||
11/26/2066 | 2.807% | 6,400,000 | 3,771,556 | |
CMO Series 2021-6 Class A3 | ||||
12/25/2066 | 3.006% | 8,426,000 | 5,272,996 | |
Connecticut Avenue Securities Trust(a),(b) | ||||
CMO Series 2019-HRP1 Class M2 | ||||
1-month USD LIBOR + 2.150% 11/25/2039 | 5.736% | 4,927,767 | 4,695,039 | |
CMO Series 2022-R01 Class 1M2 | ||||
30-day Average SOFR + 1.900% 12/25/2041 | 4.897% | 15,000,000 | 13,616,115 | |
Subordinated CMO Series 2022-R01 Class 1B2 | ||||
30-day Average SOFR + 6.000% 12/25/2041 | 8.997% | 19,800,000 | 17,143,680 |
24 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Subordinated CMO Series 2022-R02 Class 2B1 | ||||
30-day Average SOFR + 4.500% 01/25/2042 | 7.497% | 10,000,000 | 8,959,976 | |
Credit Suisse Mortgage Trust(a),(e) | ||||
CMO Series 2021-NQM1 Class A3 | ||||
05/25/2065 | 1.199% | 1,917,922 | 1,747,703 | |
CSMC Trust(a),(e) | ||||
CMO Series 2020-RPL2 Class A12 | ||||
02/25/2060 | 3.451% | 14,499,791 | 14,194,563 | |
Deephaven Residential Mortgage Trust(a),(e) | ||||
CMO Series 2020-2 Class M1 | ||||
05/25/2065 | 4.112% | 7,190,000 | 6,634,512 | |
CMO Series 2021-4 Class A1 | ||||
11/25/2066 | 1.931% | 6,748,706 | 5,305,187 | |
CMO Series 2021-4 Class A3 | ||||
11/25/2066 | 2.239% | 7,001,782 | 5,457,047 | |
Eagle Re Ltd.(a),(b) | ||||
CMO Series 2018-1 Class B1 | ||||
1-month USD LIBOR + 4.000% Floor 4.000% 11/25/2028 | 7.586% | 3,000,000 | 3,004,760 | |
CMO Series 2018-1 Class M1 | ||||
1-month USD LIBOR + 1.700% Floor 1.700% 11/25/2028 | 5.286% | 1,376,515 | 1,365,848 | |
Subordinated CMO Series 2020-1 Class M1B | ||||
1-month USD LIBOR + 1.450% 01/25/2030 | 5.036% | 14,126,634 | 13,912,056 | |
Ellington Financial Mortgage Trust(a),(e) | ||||
CMO Series 2019-2 Class M1 | ||||
11/25/2059 | 3.469% | 2,500,000 | 2,098,698 | |
Federal Home Loan Mortgage Corp. STACR REMIC Trust(a),(b) | ||||
CMO Series 2020-HQA4 Class M2 | ||||
1-month USD LIBOR + 3.150% 09/25/2050 | 6.736% | 216,035 | 216,069 | |
FMC GMSR Issuer Trust(a),(e) | ||||
CMO Series 2020-GT1 Class A | ||||
01/25/2026 | 4.450% | 10,500,000 | 8,959,240 | |
Freddie Mac STACR REMIC Trust(a),(b) | ||||
CMO Series 2020-DNA4 Class M2 | ||||
1-month USD LIBOR + 3.750% Floor 3.750% 08/25/2050 | 7.336% | 2,050 | 2,040 | |
CMO Series 2021-DNA5 Class M2 | ||||
30-day Average SOFR + 1.650% 01/25/2034 | 4.647% | 3,896,060 | 3,738,686 | |
CMO Series 2021-HQA1 Class M2 | ||||
30-day Average SOFR + 2.250% 08/25/2033 | 5.247% | 8,500,000 | 7,754,951 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2022-DNA1 Class M1B | ||||
30-day Average SOFR + 1.850% 01/25/2042 | 4.847% | 7,900,000 | 7,092,512 | |
CMO Series 2022-HQA1 Class M2 | ||||
30-day Average SOFR + 5.250% 03/25/2042 | 8.247% | 9,150,000 | 8,588,028 | |
Subordinated CMO Series 2020-HQA3 Class B1 | ||||
1-month USD LIBOR + 5.750% 07/25/2050 | 9.336% | 7,625,000 | 7,586,875 | |
Subordinated CMO Series 2021-DNA5 Class B2 | ||||
30-day Average SOFR + 5.500% 01/25/2034 | 8.497% | 16,000,000 | 11,980,229 | |
Freddie Mac STACR Trust(a),(b) | ||||
Subordinated CMO Series 2019-DNA4 Class B1 | ||||
1-month USD LIBOR + 2.700% 10/25/2049 | 6.286% | 8,625,000 | 8,141,453 | |
Freddie Mac Structured Agency Credit Risk Debt Notes(a),(b) | ||||
CMO Series 2020-HQA5 Class M2 | ||||
30-day Average SOFR + 2.600% 11/25/2050 | 5.597% | 10,267,435 | 10,200,731 | |
Subordinated CMO Series 2020-HQA5 Class B1 | ||||
30-day Average SOFR + 4.000% 11/25/2050 | 6.997% | 8,500,000 | 7,683,203 | |
Subordinated CMO Series 2022-DNA2 Class B1 | ||||
30-day Average SOFR + 4.750% 02/25/2042 | 7.747% | 10,500,000 | 9,471,113 | |
Subordinated CMO Series 2022-DNA2 Class B2 | ||||
30-day Average SOFR + 8.500% 02/25/2042 | 11.497% | 8,750,000 | 7,448,053 | |
GCAT LLC(a),(e) | ||||
CMO Series 2021-CM1 Class A1 | ||||
04/25/2065 | 1.469% | 8,816,453 | 8,315,795 | |
GCAT Trust(a),(e) | ||||
CMO Series 2021-NQM6 Class A2 | ||||
08/25/2066 | 2.710% | 4,100,000 | 2,749,060 | |
CMO Series 2021-NQM6 Class A3 | ||||
08/25/2066 | 2.810% | 7,500,000 | 4,840,614 | |
CMO Series 2021-NQM7 Class A3 | ||||
08/25/2066 | 2.891% | 10,000,000 | 6,504,446 | |
Genworth Mortgage Insurance Corp.(a),(b) | ||||
CMO Series 2021-3 Class M1B | ||||
30-day Average SOFR + 2.900% Floor 2.900% 02/25/2034 | 5.181% | 18,000,000 | 16,652,324 | |
Glebe Funding Trust (The)(a),(d) | ||||
CMO Series 2021-1 Class PT | ||||
10/27/2023 | 3.000% | 15,274,906 | 13,785,602 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 25 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Home Re Ltd.(a),(b) | ||||
CMO Series 2020-1 Class M1C | ||||
1-month USD LIBOR + 4.150% Floor 4.150% 10/25/2030 | 7.736% | 6,508,008 | 6,498,463 | |
Subordinated CMO Series 2019-1 Class B1 | ||||
1-month USD LIBOR + 4.350% 05/25/2029 | 7.936% | 7,323,000 | 6,968,127 | |
Homeward Opportunities Fund Trust(a),(i) | ||||
CMO Series 2020-BPL1 Class A1 | ||||
08/25/2025 | 3.228% | 4,959,619 | 4,946,206 | |
Imperial Fund Mortgage Trust(a),(e) | ||||
CMO Series 2021-NQM4 Class A2 | ||||
01/25/2057 | 2.296% | 3,819,956 | 2,834,609 | |
Legacy Mortgage Asset Trust(a),(e) | ||||
CMO Series 2021-GS1 Class A1 | ||||
10/25/2066 | 1.892% | 5,833,512 | 5,418,725 | |
CMO Series 2021-GS2 Class A1 | ||||
04/25/2061 | 1.750% | 4,761,459 | 4,400,903 | |
CMO Series 2021-SL2 Class A | ||||
10/25/2068 | 1.875% | 8,868,436 | 7,608,078 | |
Loan Revolving Advance Investment Trust(a),(b),(c),(d) | ||||
CMO Series 2021-2 Class A1X | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 06/30/2023 | 6.089% | 8,134,204 | 8,040,660 | |
MFA Trust(a),(e) | ||||
CMO Series 2020-NQM1 Class M1 | ||||
08/25/2049 | 3.071% | 2,800,000 | 2,230,720 | |
CMO Series 2020-NQM2 Class M1 | ||||
04/25/2065 | 3.034% | 12,854,000 | 12,166,098 | |
Mortgage Acquisition Trust I LLC(a),(d) | ||||
CMO Series 2021-1 Class PT | ||||
11/29/2023 | 3.500% | 5,743,725 | 5,061,658 | |
Mortgage Insurance-Linked Notes(a),(b) | ||||
CMO Series 2020-1 Class M1C | ||||
1-month USD LIBOR + 1.750% Floor 1.750% 01/25/2030 | 5.336% | 2,387,788 | 2,264,028 | |
New York Mortgage Trust(a),(e) | ||||
CMO Series 2021-BPL1 Class A1 | ||||
05/25/2026 | 2.239% | 8,280,000 | 7,827,757 | |
NRZ Excess Spread-Collateralized Notes(a) | ||||
Series 2020-PLS1 Class A | ||||
12/25/2025 | 3.844% | 3,214,057 | 2,926,339 | |
Oaktown Re II Ltd.(a),(b) | ||||
CMO Series 2018-1A Class M1 | ||||
1-month USD LIBOR + 1.550% 07/25/2028 | 5.136% | 1,032,766 | 1,029,147 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Oaktown Re V Ltd.(a),(b) | ||||
CMO Series 2020-2A Class M1B | ||||
1-month USD LIBOR + 3.600% Floor 3.600% 10/25/2030 | 7.186% | 1,824,723 | 1,822,543 | |
Oaktown Re VI Ltd.(a),(b) | ||||
CMO Series 2021-1A Class M1B | ||||
30-day Average SOFR + 2.050% Floor 2.050% 10/25/2033 | 5.047% | 4,000,000 | 3,868,703 | |
PMT Credit Risk Transfer Trust(a),(b) | ||||
Series 2019-2R Class A | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 05/27/2023 | 6.346% | 2,439,353 | 2,348,203 | |
PNMAC GMSR Issuer Trust(a),(b) | ||||
CMO Series 2018-GT1 Class A | ||||
1-month USD LIBOR + 2.850% Floor 2.850% 02/25/2023 | 6.436% | 26,000,000 | 25,657,668 | |
CMO Series 2018-GT2 Class A | ||||
1-month USD LIBOR + 2.650% 08/25/2025 | 6.236% | 38,450,000 | 37,667,416 | |
Point Securitization Trust(a),(e) | ||||
CMO Series 2021-1 Class A1 | ||||
02/25/2052 | 3.228% | 10,555,561 | 10,050,214 | |
Preston Ridge Partners Mortgage Trust(a),(e) | ||||
CMO Series 2021-1 Class A1 | ||||
01/25/2026 | 2.115% | 12,317,364 | 11,343,121 | |
CMO Series 2021-2 Class A1 | ||||
03/25/2026 | 2.115% | 5,056,812 | 4,631,498 | |
CMO Series 2021-3 Class A1 | ||||
04/25/2026 | 1.867% | 14,593,156 | 12,693,843 | |
CMO Series 2021-7 Class A1 | ||||
08/25/2026 | 1.867% | 6,683,715 | 6,150,814 | |
CMO Series 2021-8 Class A1 | ||||
09/25/2026 | 1.743% | 5,227,506 | 4,799,530 | |
Pretium Mortgage Credit Partners(a),(e) | ||||
CMO Series 2022-NPL1 Class A1 | ||||
01/25/2052 | 2.981% | 20,857,155 | 18,631,899 | |
Pretium Mortgage Credit Partners I LLC(a),(e) | ||||
CMO Series 2021-NPL2 Class A1 | ||||
06/27/2060 | 1.992% | 8,296,222 | 7,618,868 | |
Pretium Mortgage Credit Partners LLC(a),(e) | ||||
CMO Series 2021-RN2 Class A1 | ||||
07/25/2051 | 1.744% | 4,918,346 | 4,427,390 | |
PRPM LLC(a),(e) | ||||
CMO Series 2021-RPL1 Class A1 | ||||
07/25/2051 | 1.319% | 4,531,017 | 4,026,711 |
26 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Radnor Re Ltd.(a),(b) | ||||
CMO Series 2020-1 Class M1B | ||||
1-month USD LIBOR + 1.450% Floor 1.450% 01/25/2030 | 5.036% | 12,340,000 | 11,921,380 | |
Radnor RE Ltd.(a),(b) | ||||
CMO Series 2021-1 Class M1A | ||||
30-day Average SOFR + 1.650% Floor 1.650% 12/27/2033 | 4.647% | 4,311,703 | 4,280,341 | |
CMO Series 2021-1 Class M1C | ||||
30-day Average SOFR + 2.700% Floor 2.700% 12/27/2033 | 5.697% | 14,000,000 | 12,900,619 | |
Residential Mortgage Loan Trust(a),(e) | ||||
CMO Series 2019-3 Class A3 | ||||
09/25/2059 | 3.044% | 213,636 | 206,440 | |
Saluda Grade Alternative Mortgage Trust(a) | ||||
CMO Series 2020-FIG1 Class A1 | ||||
09/25/2050 | 3.568% | 4,727,379 | 4,634,409 | |
SG Residential Mortgage Trust(a),(e) | ||||
CMO Series 2019-3 Class M1 | ||||
09/25/2059 | 3.526% | 3,801,000 | 3,587,821 | |
Stanwich Mortgage Loan Co. LLC(a),(e) | ||||
CMO Series 2021-NPB1 Class A1 | ||||
10/16/2026 | 2.735% | 8,653,881 | 7,904,088 | |
Starwood Mortgage Residential Trust(a),(e) | ||||
CMO Series 2020-3 Class M1 | ||||
04/25/2065 | 3.544% | 6,500,000 | 6,074,890 | |
CMO Series 2021-3 Class A1 | ||||
06/25/2056 | 1.127% | 2,266,957 | 1,813,089 | |
CMO Series 2021-6 Class A3 | ||||
11/25/2066 | 2.933% | 13,954,000 | 8,261,487 | |
Stonnington Mortgage Trust(a),(c),(d),(e) | ||||
CMO Series 2020-1 Class A | ||||
07/28/2024 | 3.500% | 2,116,011 | 2,116,011 | |
Toorak Mortgage Corp., Ltd.(a),(e) | ||||
CMO Series 2021-1 Class A1 | ||||
06/25/2024 | 2.240% | 15,000,000 | 14,288,580 | |
Triangle Re Ltd.(a),(b) | ||||
CMO Series 2021-1 Class M1C | ||||
1-month USD LIBOR + 3.400% Floor 3.400% 08/25/2033 | 6.986% | 2,132,289 | 2,125,950 | |
CMO Series 2021-2 Class M1B | ||||
1-month USD LIBOR + 2.600% Floor 2.600% 10/25/2033 | 6.186% | 8,800,000 | 8,678,454 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2021-2 Class M1C | ||||
1-month USD LIBOR + 4.500% Floor 4.500% 10/25/2033 | 8.086% | 4,800,000 | 4,722,424 | |
VCAT Asset Securitization LLC(a),(e) | ||||
CMO Series 2021-NPL6 Class A1 | ||||
09/25/2051 | 1.917% | 9,894,149 | 9,138,289 | |
VCAT LLC(a),(e) | ||||
CMO Series 2021-NPL5 Class A1 | ||||
08/25/2051 | 1.868% | 11,315,389 | 10,289,333 | |
Vericrest Opportunity Loan Transferee CVI LLC(a),(e) | ||||
CMO Series 2021-NP12 Class A1 | ||||
12/26/2051 | 2.734% | 22,925,805 | 20,978,707 | |
Vericrest Opportunity Loan Transferee XCIX LLC(a),(e) | ||||
CMO Series 2021-NPL8 Class A1 | ||||
04/25/2051 | 2.116% | 6,035,150 | 5,235,261 | |
Vericrest Opportunity Loan Transferee XCVI LLC(a),(e) | ||||
CMO Series 2021-NPL5 Class A1 | ||||
03/27/2051 | 2.116% | 7,887,344 | 7,166,690 | |
Verus Securitization Trust(a),(e) | ||||
CMO Series 2020-1 Class M1 | ||||
01/25/2060 | 3.021% | 13,245,000 | 9,635,613 | |
CMO Series 2020-4 Class M1 | ||||
05/25/2065 | 3.291% | 4,000,000 | 3,204,372 | |
CMO Series 2021-5 Class A2 | ||||
09/25/2066 | 1.218% | 2,209,134 | 1,611,534 | |
CMO Series 2021-5 Class A3 | ||||
09/25/2066 | 1.373% | 4,182,793 | 3,051,665 | |
CMO Series 2021-5 Class M1 | ||||
09/25/2066 | 2.331% | 2,600,000 | 1,456,912 | |
CMO Series 2021-7 Class A3 | ||||
10/25/2066 | 2.240% | 7,072,059 | 5,393,205 | |
CMO Series 2021-R1 Class A1 | ||||
10/25/2063 | 0.820% | 2,178,749 | 1,952,172 | |
Subordinated CMO Series 2021-8 Class B1 | ||||
11/25/2066 | 4.242% | 12,412,000 | 7,704,285 | |
Visio Trust(a),(e) | ||||
CMO Series 2019-2 Class A3 | ||||
11/25/2054 | 3.076% | 1,203,916 | 1,129,015 | |
Visio Trust(a) | ||||
CMO Series 2021-1R Class A1 | ||||
05/25/2056 | 1.280% | 8,023,784 | 7,203,765 | |
CMO Series 2021-1R Class A2 | ||||
05/25/2056 | 1.484% | 2,540,934 | 2,281,434 | |
Total Residential Mortgage-Backed Securities - Non-Agency (Cost $887,566,102) | 804,094,478 | |||
Columbia Total Return Bond Fund | Semiannual Report 2022 | 27 |
October 31, 2022 (Unaudited)
Senior Loans 0.2% | ||||
Borrower | Coupon Rate | Principal Amount ($) | Value ($) | |
Chemicals 0.0% | ||||
WR Grace Holdings LLC(b),(o) | ||||
Term Loan | ||||
1-month USD LIBOR + 3.750% Floor 0.500% 09/22/2028 | 7.438% | 521,062 | 499,407 | |
Consumer Cyclical Services 0.0% | ||||
8th Avenue Food & Provisions, Inc.(b),(o) | ||||
1st Lien Term Loan | ||||
1-month USD LIBOR + 3.750% 10/01/2025 | 2.500% | 381,806 | 330,739 | |
8th Avenue Food & Provisions, Inc.(b),(d),(o) | ||||
2nd Lien Term Loan | ||||
1-month USD LIBOR + 7.750% 10/01/2026 | 6.750% | 32,969 | 26,375 | |
Total | 357,114 | |||
Consumer Products 0.1% | ||||
SWF Holdings I Corp.(b),(o) | ||||
1st Lien Term Loan | ||||
1-month USD LIBOR + 4.000% Floor 0.750% 10/06/2028 | 7.602% | 1,044,750 | 808,699 | |
Media and Entertainment 0.0% | ||||
Cengage Learning, Inc.(b),(o) | ||||
Tranche B 1st Lien Term Loan | ||||
1-month USD LIBOR + 4.750% Floor 1.000% 07/14/2026 | 7.814% | 712,755 | 628,116 | |
Technology 0.1% | ||||
Ascend Learning LLC(b),(o) | ||||
1st Lien Term Loan | ||||
1-month USD LIBOR + 3.500% Floor 0.500% 12/11/2028 | 2.500% | 563,740 | 515,980 | |
2nd Lien Term Loan | ||||
1-month USD LIBOR + 5.750% Floor 0.500% 12/10/2029 | 9.504% | 338,000 | 286,033 | |
DCert Buyer, Inc.(b),(o) | ||||
2nd Lien Term Loan | ||||
1-month USD LIBOR + 7.000% 02/19/2029 | 9.903% | 404,000 | 375,316 | |
Epicore Software Corp.(b),(o) | ||||
2nd Lien Term Loan | ||||
1-month USD LIBOR + 7.750% Floor 1.000% 07/31/2028 | 11.504% | 106,000 | 103,648 |
Senior Loans (continued) | ||||
Borrower | Coupon Rate | Principal Amount ($) | Value ($) | |
UKG, Inc.(b),(o) | ||||
1st Lien Term Loan | ||||
1-month USD LIBOR + 3.250% Floor 0.500% 05/04/2026 | 6.998% | 338,268 | 325,911 | |
2nd Lien Term Loan | ||||
1-month USD LIBOR + 5.250% Floor 0.500% 05/03/2027 | 8.998% | 657,000 | 602,797 | |
Total | 2,209,685 | |||
Total Senior Loans (Cost $5,061,903) | 4,503,021 | |||
U.S. Treasury Obligations 2.1% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury | ||||
06/30/2025 | 2.750% | 20,000,000 | 19,162,500 | |
08/15/2025 | 2.000% | 15,000,000 | 14,039,062 | |
08/15/2045 | 2.875% | 14,000,000 | 10,780,000 | |
02/15/2046 | 2.500% | 9,000,000 | 6,433,594 | |
Total U.S. Treasury Obligations (Cost $54,049,618) | 50,415,156 |
Options Purchased Calls 0.2% | ||||
Value ($) | ||||
(Cost $22,039,792) | 3,878,918 |
Money Market Funds 7.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 3.246%(p),(q) | 187,138,197 | 187,063,342 |
Total Money Market Funds (Cost $187,048,878) | 187,063,342 | |
Total Investments in Securities (Cost: $3,326,495,110) | 2,919,482,773 | |
Other Assets & Liabilities, Net | (484,706,824) | |
Net Assets | 2,434,775,949 |
28 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Forward foreign currency exchange contracts | |||||
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) |
10,541,000 EUR | 10,541,464 USD | UBS | 11/10/2022 | 118,417 | — |
4,885,900 EUR | 4,774,535 USD | UBS | 11/10/2022 | — | (56,691) |
Total | 118,417 | (56,691) |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 10-Year Note | 4,329 | 12/2022 | USD | 478,760,344 | — | (5,561,570) |
U.S. Ultra Treasury Bond | 1,128 | 12/2022 | USD | 143,996,250 | — | (24,777,695) |
Total | — | (30,339,265) |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
Euro-Bobl | (338) | 12/2022 | EUR | (40,448,460) | 995,446 | — |
Euro-Bund | (1,107) | 12/2022 | EUR | (153,253,080) | 10,976 | — |
Japanese 10-Year Government Bond | (87) | 12/2022 | JPY | (12,942,990,000) | — | (235,867) |
U.S. Treasury 5-Year Note | (1,947) | 12/2022 | USD | (207,538,031) | 4,915,520 | — |
Total | 5,921,942 | (235,867) |
Call option contracts purchased | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Cost ($) | Value ($) |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay SOFR | Citi | USD | 81,730,000 | 81,730,000 | 2.25 | 04/27/2023 | 1,961,520 | 162,340 |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay SOFR | Citi | USD | 162,420,000 | 162,420,000 | 2.50 | 05/12/2023 | 4,856,358 | 608,133 |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay SOFR | Citi | USD | 110,230,000 | 110,230,000 | 2.25 | 05/26/2023 | 2,259,715 | 290,666 |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay SOFR | Citi | USD | 162,300,000 | 162,300,000 | 2.75 | 06/26/2023 | 5,270,692 | 1,240,280 |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay SOFR | Citi | USD | 60,310,000 | 60,310,000 | 2.75 | 07/11/2023 | 2,110,850 | 496,647 |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay SOFR | Citi | USD | 15,000,000 | 15,000,000 | 3.50 | 10/27/2023 | 570,000 | 472,719 |
10-Year OTC interest rate swap with Morgan Stanley to receive exercise rate and pay SOFR | Morgan Stanley | USD | 162,420,000 | 162,420,000 | 2.50 | 05/12/2023 | 5,010,657 | 608,133 |
Total | 22,039,792 | 3,878,918 |
Put option contracts written | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Premium received ($) | Value ($) |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay SOFR | Citi | USD | (125,000,000) | (125,000,000) | 3.60 | 01/05/2023 | (2,000,000) | (3,973,476) |
10-Year OTC interest rate swap with Morgan Stanley to receive exercise rate and pay SOFR | Morgan Stanley | USD | (128,640,000) | (128,640,000) | 3.75 | 12/29/2022 | (1,929,600) | (3,057,065) |
10-Year OTC interest rate swap with Morgan Stanley to receive exercise rate and pay SOFR | Morgan Stanley | USD | (104,500,000) | (104,500,000) | 3.90 | 01/27/2023 | (1,959,375) | (2,155,124) |
Total | (5,888,975) | (9,185,665) |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 29 |
October 31, 2022 (Unaudited)
Credit default swap contracts - buy protection | ||||||||||||
Reference entity | Counterparty | Maturity date | Pay fixed rate (%) | Payment frequency | Notional currency | Notional amount | Value ($) | Periodic payments receivable (payable) ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Markit CMBX North America Index, Series 11 BBB- | Goldman Sachs International | 11/18/2054 | 3.000 | Monthly | USD | 1,700,000 | 264,031 | (992) | 262,641 | — | 398 | — |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | USD | 8,000,000 | 1,410,256 | (4,667) | 327,153 | — | 1,078,436 | — |
Markit CMBX North America Index, Series 11 BBB- | JPMorgan | 11/18/2054 | 3.000 | Monthly | USD | 1,700,000 | 264,031 | (992) | 58,067 | — | 204,972 | — |
Markit CMBX North America Index, Series 11 BBB- | Morgan Stanley | 11/17/2059 | 3.000 | Monthly | USD | 1,000,000 | 176,282 | (583) | 58,499 | — | 117,200 | — |
Total | 2,114,600 | (7,234) | 706,360 | — | 1,401,006 | — |
Cleared credit default swap contracts - buy protection | |||||||||||
Reference entity | Counterparty | Maturity date | Pay fixed rate (%) | Payment frequency | Notional currency | Notional amount | Value ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Markit CDX North America High Yield Index, Series 39 | Morgan Stanley | 12/20/2027 | 5.000 | Quarterly | USD | 338,362,000 | (14,962,694) | — | — | — | (14,962,694) |
Credit default swap contracts - sell protection | |||||||||||||
Reference entity | Counterparty | Maturity date | Receive fixed rate (%) | Payment frequency | Implied credit spread (%)* | Notional currency | Notional amount | Value ($) | Periodic payments receivable (payable) ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Markit CMBX North America Index, Series 10 BBB- | Citi | 11/17/2059 | 3.000 | Monthly | 8.700 | USD | 4,000,000 | (705,128) | 2,333 | — | (876,613) | 173,818 | — |
Markit CMBX North America Index, Series 10 BBB- | Citi | 11/17/2059 | 3.000 | Monthly | 8.700 | USD | 5,000,000 | (881,410) | 2,917 | — | (598,307) | — | (280,186) |
Markit CMBX North America Index, Series 10 BBB- | Citi | 11/17/2059 | 3.000 | Monthly | 8.700 | USD | 7,000,000 | (1,233,974) | 4,083 | — | (841,693) | — | (388,198) |
Markit CMBX North America Index, Series 10 BBB- | Goldman Sachs International | 11/17/2059 | 3.000 | Monthly | 8.700 | USD | 7,500,000 | (1,322,115) | 4,375 | — | (849,014) | — | (468,726) |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | 8.700 | USD | 5,000,000 | (881,410) | 2,917 | — | (1,085,143) | 206,650 | — |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | 8.700 | USD | 5,000,000 | (881,410) | 2,917 | — | (840,588) | — | (37,905) |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | 8.700 | USD | 5,000,000 | (881,410) | 2,917 | — | (809,436) | — | (69,057) |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | 8.700 | USD | 6,000,000 | (1,057,692) | 3,500 | — | (939,953) | — | (114,239) |
Markit CMBX North America Index, Series 10 BBB- | Morgan Stanley | 11/17/2059 | 3.000 | Monthly | 8.700 | USD | 5,000,000 | (881,410) | 2,917 | — | (982,087) | 103,594 | — |
30 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Credit default swap contracts - sell protection (continued) | |||||||||||||
Reference entity | Counterparty | Maturity date | Receive fixed rate (%) | Payment frequency | Implied credit spread (%)* | Notional currency | Notional amount | Value ($) | Periodic payments receivable (payable) ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Markit CMBX North America Index, Series 10 BBB- | Morgan Stanley | 11/17/2059 | 3.000 | Monthly | 8.700 | USD | 3,000,000 | (528,846) | 1,750 | — | (571,830) | 44,734 | — |
Markit CMBX North America Index, Series 10 BBB- | Morgan Stanley | 11/17/2059 | 3.000 | Monthly | 8.700 | USD | 7,000,000 | (1,233,974) | 4,083 | — | (1,133,210) | — | (96,681) |
Total | (10,488,779) | 34,709 | — | (9,527,874) | 528,796 | (1,454,992) |
* | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
(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 October 31, 2022, the total value of these securities amounted to $1,487,538,937, which represents 61.10% of total net assets. |
(b) | Variable rate security. The interest rate shown was the current rate as of October 31, 2022. |
(c) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At October 31, 2022, the total value of these securities amounted to $22,940,620, which represents 0.94% of total net assets. |
(d) | Valuation based on significant unobservable inputs. |
(e) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of October 31, 2022. |
(f) | Represents interest only securities which have the right to receive the monthly interest payments on an underlying pool of mortgage loans. |
(g) | Non-income producing investment. |
(h) | Principal amounts are denominated in United States Dollars unless otherwise noted. |
(i) | 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 October 31, 2022. |
(j) | Represents a security in default. |
(k) | Payment-in-kind security. Interest can be paid by issuing additional par of the security or in cash. |
(l) | Principal and interest may not be guaranteed by a governmental entity. |
(m) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(n) | Represents a security purchased on a when-issued basis. |
(o) | The stated interest rate represents the weighted average interest rate at October 31, 2022 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. These base lending rates are primarily the LIBOR and other short-term rates. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan. |
(p) | The rate shown is the seven-day current annualized yield at October 31, 2022. |
(q) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund.The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 3.246% | ||||||||
121,311,912 | 749,795,418 | (684,045,236) | 1,248 | 187,063,342 | (24,225) | 973,781 | 187,138,197 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 31 |
October 31, 2022 (Unaudited)
CMO | Collateralized Mortgage Obligation |
CMT | Constant Maturity Treasury |
FHLMC | Federal Home Loan Mortgage Corporation |
LIBOR | London Interbank Offered Rate |
SOFR | Secured Overnight Financing Rate |
STRIPS | Separate Trading of Registered Interest and Principal Securities |
TBA | To Be Announced |
EUR | Euro |
JPY | Japanese Yen |
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 | ||||
Asset-Backed Securities — Non-Agency | — | 261,367,965 | 1,861,776 | 263,229,741 |
Commercial Mortgage-Backed Securities - Agency | — | 6,150,764 | — | 6,150,764 |
Commercial Mortgage-Backed Securities - Non-Agency | — | 115,192,854 | — | 115,192,854 |
32 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Common Stocks | ||||
Financials | 178,416 | — | — | 178,416 |
Industrials | 64,318 | — | — | 64,318 |
Total Common Stocks | 242,734 | — | — | 242,734 |
Convertible Bonds | — | 395,538 | — | 395,538 |
Corporate Bonds & Notes | — | 686,266,494 | 41,069 | 686,307,563 |
Foreign Government Obligations | — | 65,456,024 | — | 65,456,024 |
Municipal Bonds | — | 16,294,707 | — | 16,294,707 |
Residential Mortgage-Backed Securities - Agency | — | 716,257,933 | — | 716,257,933 |
Residential Mortgage-Backed Securities - Non-Agency | — | 727,672,662 | 76,421,816 | 804,094,478 |
Senior Loans | — | 4,476,646 | 26,375 | 4,503,021 |
U.S. Treasury Obligations | — | 50,415,156 | — | 50,415,156 |
Options Purchased Calls | — | 3,878,918 | — | 3,878,918 |
Money Market Funds | 187,063,342 | — | — | 187,063,342 |
Total Investments in Securities | 187,306,076 | 2,653,825,661 | 78,351,036 | 2,919,482,773 |
Investments in Derivatives | ||||
Asset | ||||
Forward Foreign Currency Exchange Contracts | — | 118,417 | — | 118,417 |
Futures Contracts | 5,921,942 | — | — | 5,921,942 |
Swap Contracts | — | 1,929,802 | — | 1,929,802 |
Liability | ||||
Forward Foreign Currency Exchange Contracts | — | (56,691) | — | (56,691) |
Futures Contracts | (30,575,132) | — | — | (30,575,132) |
Options Contracts Written | — | (9,185,665) | — | (9,185,665) |
Swap Contracts | — | (16,417,686) | — | (16,417,686) |
Total | 162,652,886 | 2,630,213,838 | 78,351,036 | 2,871,217,760 |
Balance as of 04/30/2022 ($) | Increase (decrease) in accrued discounts/ premiums ($) | Realized gain (loss) ($) | Change in unrealized appreciation (depreciation)(a) ($) | Purchases ($) | Sales ($) | Transfers into Level 3 ($) | Transfers out of Level 3 ($) | Balance as of 10/31/2022 ($) | |
Asset-Backed Securities — Non-Agency | 15,192,448 | (518,833) | 1,006,667 | (789,638) | — | (5,274,762) | — | (7,754,106) | 1,861,776 |
Corporate Bonds & Notes | 41,069 | — | — | — | — | — | — | — | 41,069 |
Residential Mortgage-Backed Securities — Non-Agency | 114,128,474 | (16,380) | 49,246 | (2,192,864) | — | (35,546,660) | — | — | 76,421,816 |
Senior Loans | — | — | — | (3,235) | — | — | 29,610 | — | 26,375 |
Total | 129,361,991 | (535,213) | 1,055,913 | (2,985,737) | — | (40,821,422) | 29,610 | (7,754,106) | 78,351,036 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 33 |
October 31, 2022 (Unaudited)
Certain residential mortgage backed securities, asset backed securities and senior loans classified as Level 3 securities are valued using the market approach and utilize single market quotations from broker dealers which may have included, but were not limited to, observable transactions for identical or similar assets in the market and the distressed nature of the security. The appropriateness of fair values for these securities is monitored on an ongoing basis which may include results of back testing, manual price reviews and other control procedures. Significant increases (decreases) to any of these inputs would have resulted in a significantly higher (lower) fair value measurement.
34 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $3,117,406,440) | $2,728,540,513 |
Affiliated issuers (cost $187,048,878) | 187,063,342 |
Options purchased (cost $22,039,792) | 3,878,918 |
Foreign currency (cost $8) | 8 |
Cash collateral held at broker for: | |
Swap contracts | 5,974,000 |
Options contracts written | 136,000 |
TBA | 8,870,260 |
Other(a) | 4,137,000 |
Margin deposits on: | |
Swap contracts | 22,666,717 |
Unrealized appreciation on forward foreign currency exchange contracts | 118,417 |
Unrealized appreciation on swap contracts | 1,929,802 |
Upfront payments on swap contracts | 706,360 |
Receivable for: | |
Investments sold | 7,630,176 |
Capital shares sold | 11,859,117 |
Dividends | 320,262 |
Interest | 15,479,597 |
Foreign tax reclaims | 31,056 |
Variation margin for futures contracts | 1,598,074 |
Variation margin for swap contracts | 2,251,557 |
Expense reimbursement due from Investment Manager | 29,886 |
Prepaid expenses | 24,935 |
Trustees’ deferred compensation plan | 305,548 |
Other assets | 20,834 |
Total assets | 3,003,572,379 |
Liabilities | |
Option contracts written, at value (premiums received $5,888,975) | 9,185,665 |
Due to custodian | 139,966 |
Unrealized depreciation on forward foreign currency exchange contracts | 56,691 |
Unrealized depreciation on swap contracts | 1,454,992 |
Upfront receipts on swap contracts | 9,527,874 |
Payable for: | |
Investments purchased on a delayed delivery basis | 528,325,823 |
Capital shares purchased | 4,544,295 |
Distributions to shareholders | 11,032,562 |
Variation margin for futures contracts | 3,662,156 |
Management services fees | 96,973 |
Distribution and/or service fees | 12,940 |
Transfer agent fees | 324,055 |
Compensation of board members | 30,833 |
Compensation of chief compliance officer | 273 |
Other expenses | 95,784 |
Trustees’ deferred compensation plan | 305,548 |
Total liabilities | 568,796,430 |
Net assets applicable to outstanding capital stock | $2,434,775,949 |
Represented by | |
Paid in capital | 3,245,458,267 |
Total distributable earnings (loss) | (810,682,318) |
Total - representing net assets applicable to outstanding capital stock | $2,434,775,949 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 35 |
October 31, 2022 (Unaudited)
Class A | |
Net assets | $565,165,526 |
Shares outstanding | 19,722,076 |
Net asset value per share | $28.66 |
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) | $29.55 |
Advisor Class | |
Net assets | $261,275,088 |
Shares outstanding | 9,128,681 |
Net asset value per share | $28.62 |
Class C | |
Net assets | $12,959,191 |
Shares outstanding | 452,192 |
Net asset value per share | $28.66 |
Institutional Class | |
Net assets | $1,202,948,737 |
Shares outstanding | 41,953,308 |
Net asset value per share | $28.67 |
Institutional 2 Class | |
Net assets | $102,716,668 |
Shares outstanding | 3,589,285 |
Net asset value per share | $28.62 |
Institutional 3 Class | |
Net assets | $284,359,170 |
Shares outstanding | 9,915,911 |
Net asset value per share | $28.68 |
Class R | |
Net assets | $5,351,569 |
Shares outstanding | 186,669 |
Net asset value per share | $28.67 |
(a) | Includes collateral related to options contracts written and swap contracts. |
36 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
Six Months Ended October 31, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $973,781 |
Interest | 60,947,832 |
Interfund lending | 199 |
Total income | 61,921,812 |
Expenses: | |
Management services fees | 6,905,840 |
Distribution and/or service fees | |
Class A | 813,249 |
Class C | 76,476 |
Class R | 15,275 |
Transfer agent fees | |
Class A | 407,916 |
Advisor Class | 201,719 |
Class C | 9,588 |
Institutional Class | 867,366 |
Institutional 2 Class | 39,804 |
Institutional 3 Class | 12,715 |
Class R | 3,833 |
Compensation of board members | 23,589 |
Custodian fees | 28,856 |
Printing and postage fees | 79,493 |
Registration fees | 106,197 |
Audit fees | 28,209 |
Legal fees | 23,890 |
Interest on collateral | 145,376 |
Compensation of chief compliance officer | 273 |
Other | 25,618 |
Total expenses | 9,815,282 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (2,053,411) |
Fees waived by transfer agent | |
Institutional 2 Class | (3,448) |
Institutional 3 Class | (12,715) |
Expense reduction | (1,683) |
Total net expenses | 7,744,025 |
Net investment income | 54,177,787 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 37 |
Six Months Ended October 31, 2022 (Unaudited)
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (131,121,288) |
Investments — affiliated issuers | (24,225) |
Foreign currency translations | 78,356 |
Forward foreign currency exchange contracts | 397,387 |
Futures contracts | (76,008,116) |
Options purchased | 10,354,996 |
Options contracts written | (31,156,675) |
Swap contracts | 8,467,556 |
Net realized loss | (219,012,009) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (126,874,576) |
Investments — affiliated issuers | 1,248 |
Foreign currency translations | (225) |
Forward foreign currency exchange contracts | (50,394) |
Futures contracts | (5,563,044) |
Options purchased | (35,331,869) |
Options contracts written | 32,097,320 |
Swap contracts | (19,989,720) |
Net change in unrealized appreciation (depreciation) | (155,711,260) |
Net realized and unrealized loss | (374,723,269) |
Net decrease in net assets resulting from operations | $(320,545,482) |
38 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
Six Months Ended October 31, 2022 (Unaudited) | Year Ended April 30, 2022 | |
Operations | ||
Net investment income | $54,177,787 | $88,163,629 |
Net realized loss | (219,012,009) | (145,343,382) |
Net change in unrealized appreciation (depreciation) | (155,711,260) | (350,962,116) |
Net decrease in net assets resulting from operations | (320,545,482) | (408,141,869) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (11,881,258) | (20,545,842) |
Advisor Class | (6,239,345) | (10,992,351) |
Class C | (222,364) | (365,555) |
Institutional Class | (26,972,754) | (39,125,903) |
Institutional 2 Class | (2,769,836) | (6,621,970) |
Institutional 3 Class | (7,075,922) | (13,245,990) |
Class R | (104,626) | (147,159) |
Total distributions to shareholders | (55,266,105) | (91,044,770) |
Increase (decrease) in net assets from capital stock activity | (383,063,223) | 1,148,230,395 |
Total increase (decrease) in net assets | (758,874,810) | 649,043,756 |
Net assets at beginning of period | 3,193,650,759 | 2,544,607,003 |
Net assets at end of period | $2,434,775,949 | $3,193,650,759 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 39 |
Six Months Ended | Year Ended | |||
October 31, 2022 (Unaudited) | April 30, 2022 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 607,969 | 19,106,187 | 3,044,452 | 113,585,218 |
Fund reorganization | — | — | 1,160,251 | 43,249,882 |
Distributions reinvested | 369,135 | 11,391,632 | 539,052 | 19,810,483 |
Redemptions | (2,547,245) | (80,244,817) | (4,293,120) | (156,197,661) |
Net increase (decrease) | (1,570,141) | (49,746,998) | 450,635 | 20,447,922 |
Advisor Class | ||||
Subscriptions | 945,086 | 30,033,827 | 4,447,352 | 164,193,332 |
Fund reorganization | — | — | 22,289,843 | 829,852,611 |
Distributions reinvested | 195,704 | 6,040,881 | 294,563 | 10,666,605 |
Redemptions | (2,946,173) | (91,845,150) | (20,328,558) | (718,469,434) |
Net increase (decrease) | (1,805,383) | (55,770,442) | 6,703,200 | 286,243,114 |
Class C | ||||
Subscriptions | 53,695 | 1,697,074 | 191,880 | 7,174,826 |
Distributions reinvested | 6,819 | 209,946 | 9,468 | 348,440 |
Redemptions | (106,566) | (3,325,221) | (245,685) | (9,028,183) |
Net decrease | (46,052) | (1,418,201) | (44,337) | (1,504,917) |
Institutional Class | ||||
Subscriptions | 8,927,632 | 279,524,225 | 33,295,466 | 1,210,427,840 |
Distributions reinvested | 798,127 | 24,638,170 | 915,801 | 33,518,142 |
Redemptions | (13,341,369) | (415,946,781) | (16,764,044) | (602,857,360) |
Net increase (decrease) | (3,615,610) | (111,784,386) | 17,447,223 | 641,088,622 |
Institutional 2 Class | ||||
Subscriptions | 916,539 | 28,586,441 | 6,069,976 | 224,354,721 |
Distributions reinvested | 89,076 | 2,765,081 | 180,719 | 6,615,919 |
Redemptions | (3,789,804) | (120,290,722) | (4,012,675) | (143,682,213) |
Net increase (decrease) | (2,784,189) | (88,939,200) | 2,238,020 | 87,288,427 |
Institutional 3 Class | ||||
Subscriptions | 1,696,575 | 54,196,786 | 5,326,489 | 198,016,596 |
Distributions reinvested | 120,765 | 3,736,722 | 187,435 | 6,885,479 |
Redemptions | (4,244,127) | (133,150,304) | (2,548,127) | (92,789,213) |
Net increase (decrease) | (2,426,787) | (75,216,796) | 2,965,797 | 112,112,862 |
Class R | ||||
Subscriptions | 13,420 | 418,987 | 109,119 | 4,081,279 |
Distributions reinvested | 3,344 | 103,064 | 3,963 | 145,150 |
Redemptions | (23,360) | (709,251) | (45,604) | (1,672,064) |
Net increase (decrease) | (6,596) | (187,200) | 67,478 | 2,554,365 |
Total net increase (decrease) | (12,254,758) | (383,063,223) | 29,828,016 | 1,148,230,395 |
40 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
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 | Tax return of capital | Total distributions to shareholders | |
Class A(c) | ||||||||
Six Months Ended 10/31/2022 (Unaudited) | $32.85 | 0.57 | (4.17) | (3.60) | (0.59) | — | — | (0.59) |
Year Ended 4/30/2022 | $37.76 | 0.91 | (4.87) | (3.96) | (0.87) | (0.08) | — | (0.95) |
Year Ended 4/30/2021 | $36.96 | 1.16 | 2.64 | 3.80 | (1.13) | (1.87) | — | (3.00) |
Year Ended 4/30/2020 | $36.19 | 1.12 | 1.17 | 2.29 | (1.04) | (0.48) | — | (1.52) |
Year Ended 4/30/2019 | $35.33 | 1.12 | 0.74 | 1.86 | (1.00) | — | — | (1.00) |
Year Ended 4/30/2018 | $36.14 | 0.92 | (0.85) | 0.07 | (0.84) | — | (0.04) | (0.88) |
Advisor Class(c) | ||||||||
Six Months Ended 10/31/2022 (Unaudited) | $32.81 | 0.61 | (4.18) | (3.57) | (0.62) | — | — | (0.62) |
Year Ended 4/30/2022 | $37.71 | 0.98 | (4.84) | (3.86) | (0.96) | (0.08) | — | (1.04) |
Year Ended 4/30/2021 | $36.91 | 1.26 | 2.64 | 3.90 | (1.23) | (1.87) | — | (3.10) |
Year Ended 4/30/2020 | $36.16 | 1.20 | 1.15 | 2.35 | (1.12) | (0.48) | — | (1.60) |
Year Ended 4/30/2019 | $35.29 | 1.24 | 0.75 | 1.99 | (1.12) | — | — | (1.12) |
Year Ended 4/30/2018 | $36.09 | 1.00 | (0.84) | 0.16 | (0.92) | — | (0.04) | (0.96) |
Class C(c) | ||||||||
Six Months Ended 10/31/2022 (Unaudited) | $32.85 | 0.45 | (4.17) | (3.72) | (0.47) | — | — | (0.47) |
Year Ended 4/30/2022 | $37.77 | 0.64 | (4.89) | (4.25) | (0.59) | (0.08) | — | (0.67) |
Year Ended 4/30/2021 | $36.96 | 0.87 | 2.65 | 3.52 | (0.84) | (1.87) | — | (2.71) |
Year Ended 4/30/2020 | $36.19 | 0.84 | 1.17 | 2.01 | (0.76) | (0.48) | — | (1.24) |
Year Ended 4/30/2019 | $35.33 | 0.84 | 0.78 | 1.62 | (0.76) | — | — | (0.76) |
Year Ended 4/30/2018 | $36.15 | 0.64 | (0.86) | (0.22) | (0.56) | — | (0.04) | (0.60) |
Institutional Class(c) | ||||||||
Six Months Ended 10/31/2022 (Unaudited) | $32.87 | 0.61 | (4.19) | (3.58) | (0.62) | — | — | (0.62) |
Year Ended 4/30/2022 | $37.78 | 1.01 | (4.87) | (3.86) | (0.97) | (0.08) | — | (1.05) |
Year Ended 4/30/2021 | $36.98 | 1.26 | 2.64 | 3.90 | (1.23) | (1.87) | — | (3.10) |
Year Ended 4/30/2020 | $36.21 | 1.24 | 1.13 | 2.37 | (1.12) | (0.48) | — | (1.60) |
Year Ended 4/30/2019 | $35.34 | 1.20 | 0.79 | 1.99 | (1.12) | — | — | (1.12) |
Year Ended 4/30/2018 | $36.16 | 1.00 | (0.86) | 0.14 | (0.92) | — | (0.04) | (0.96) |
Institutional 2 Class(c) | ||||||||
Six Months Ended 10/31/2022 (Unaudited) | $32.81 | 0.62 | (4.18) | (3.56) | (0.63) | — | — | (0.63) |
Year Ended 4/30/2022 | $37.71 | 1.03 | (4.86) | (3.83) | (0.99) | (0.08) | — | (1.07) |
Year Ended 4/30/2021 | $36.91 | 1.28 | 2.64 | 3.92 | (1.25) | (1.87) | — | (3.12) |
Year Ended 4/30/2020 | $36.15 | 1.24 | 1.16 | 2.40 | (1.16) | (0.48) | — | (1.64) |
Year Ended 4/30/2019 | $35.29 | 1.28 | 0.70 | 1.98 | (1.12) | — | — | (1.12) |
Year Ended 4/30/2018 | $36.11 | 1.04 | (0.86) | 0.18 | (0.96) | — | (0.04) | (1.00) |
42 | Columbia Total Return 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(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.66 | (11.09%) | 0.89%(d),(e) | 0.74%(d),(e),(f) | 3.57%(d) | 95% | $565,166 |
Year Ended 4/30/2022 | $32.85 | (10.72%) | 0.87%(e) | 0.74%(e),(f) | 2.48% | 173% | $699,471 |
Year Ended 4/30/2021 | $37.76 | 10.36% | 0.88%(e) | 0.74%(e),(f) | 3.00% | 295% | $786,976 |
Year Ended 4/30/2020 | $36.96 | 6.34% | 0.90%(e) | 0.74%(e),(f) | 3.05% | 272% | $694,852 |
Year Ended 4/30/2019 | $36.19 | 5.45% | 0.91%(e) | 0.86%(e),(f) | 3.19% | 262% | $681,416 |
Year Ended 4/30/2018 | $35.33 | 0.08% | 0.91% | 0.86%(f) | 2.51% | 300% | $711,850 |
Advisor Class(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.62 | (10.99%) | 0.64%(d),(e) | 0.49%(d),(e),(f) | 3.81%(d) | 95% | $261,275 |
Year Ended 4/30/2022 | $32.81 | (10.49%) | 0.62%(e) | 0.49%(e),(f) | 2.69% | 173% | $358,749 |
Year Ended 4/30/2021 | $37.71 | 10.62% | 0.63%(e) | 0.49%(e),(f) | 3.27% | 295% | $159,565 |
Year Ended 4/30/2020 | $36.91 | 6.61% | 0.65%(e) | 0.49%(e),(f) | 3.32% | 272% | $93,369 |
Year Ended 4/30/2019 | $36.16 | 5.72% | 0.66%(e) | 0.61%(e),(f) | 3.53% | 262% | $15,272 |
Year Ended 4/30/2018 | $35.29 | 0.44% | 0.66% | 0.61%(f) | 2.72% | 300% | $6,726 |
Class C(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.66 | (11.42%) | 1.64%(d),(e) | 1.49%(d),(e),(f) | 2.81%(d) | 95% | $12,959 |
Year Ended 4/30/2022 | $32.85 | (11.42%) | 1.62%(e) | 1.49%(e),(f) | 1.73% | 173% | $16,370 |
Year Ended 4/30/2021 | $37.77 | 9.57% | 1.63%(e) | 1.49%(e),(f) | 2.25% | 295% | $20,492 |
Year Ended 4/30/2020 | $36.96 | 5.55% | 1.65%(e) | 1.50%(e),(f) | 2.30% | 272% | $20,696 |
Year Ended 4/30/2019 | $36.19 | 4.66% | 1.66%(e) | 1.61%(e),(f) | 2.37% | 262% | $18,905 |
Year Ended 4/30/2018 | $35.33 | (0.67%) | 1.66% | 1.61%(f) | 1.75% | 300% | $38,975 |
Institutional Class(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.67 | (11.00%) | 0.64%(d),(e) | 0.49%(d),(e),(f) | 3.81%(d) | 95% | $1,202,949 |
Year Ended 4/30/2022 | $32.87 | (10.49%) | 0.62%(e) | 0.49%(e),(f) | 2.75% | 173% | $1,497,858 |
Year Ended 4/30/2021 | $37.78 | 10.70% | 0.63%(e) | 0.49%(e),(f) | 3.26% | 295% | $1,062,540 |
Year Ended 4/30/2020 | $36.98 | 6.61% | 0.65%(e) | 0.49%(e),(f) | 3.30% | 272% | $710,558 |
Year Ended 4/30/2019 | $36.21 | 5.60% | 0.66%(e) | 0.61%(e),(f) | 3.42% | 262% | $949,377 |
Year Ended 4/30/2018 | $35.34 | 0.44% | 0.66% | 0.61%(f) | 2.76% | 300% | $1,037,101 |
Institutional 2 Class(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.62 | (10.96%) | 0.56%(d),(e) | 0.42%(d),(e) | 3.84%(d) | 95% | $102,717 |
Year Ended 4/30/2022 | $32.81 | (10.43%) | 0.55%(e) | 0.42%(e) | 2.80% | 173% | $209,091 |
Year Ended 4/30/2021 | $37.71 | 10.69% | 0.57%(e) | 0.43%(e) | 3.33% | 295% | $155,945 |
Year Ended 4/30/2020 | $36.91 | 6.69% | 0.57%(e) | 0.42%(e) | 3.38% | 272% | $84,295 |
Year Ended 4/30/2019 | $36.15 | 5.81% | 0.58%(e) | 0.53%(e) | 3.64% | 262% | $80,083 |
Year Ended 4/30/2018 | $35.29 | 0.38% | 0.58% | 0.55% | 2.82% | 300% | $31,099 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 43 |
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 | Tax return of capital | Total distributions to shareholders | |
Institutional 3 Class(c) | ||||||||
Six Months Ended 10/31/2022 (Unaudited) | $32.87 | 0.63 | (4.18) | (3.55) | (0.64) | — | — | (0.64) |
Year Ended 4/30/2022 | $37.79 | 1.05 | (4.88) | (3.83) | (1.01) | (0.08) | — | (1.09) |
Year Ended 4/30/2021 | $36.98 | 1.29 | 2.66 | 3.95 | (1.27) | (1.87) | — | (3.14) |
Year Ended 4/30/2020 | $36.21 | 1.24 | 1.17 | 2.41 | (1.16) | (0.48) | — | (1.64) |
Year Ended 4/30/2019 | $35.35 | 1.28 | 0.74 | 2.02 | (1.16) | — | — | (1.16) |
Year Ended 4/30/2018 | $36.16 | 1.04 | (0.85) | 0.19 | (0.96) | — | (0.04) | (1.00) |
Class R(c) | ||||||||
Six Months Ended 10/31/2022 (Unaudited) | $32.87 | 0.53 | (4.18) | (3.65) | (0.55) | — | — | (0.55) |
Year Ended 4/30/2022 | $37.78 | 0.82 | (4.87) | (4.05) | (0.78) | (0.08) | — | (0.86) |
Year Ended 4/30/2021 | $36.97 | 1.06 | 2.66 | 3.72 | (1.04) | (1.87) | — | (2.91) |
Year Ended 4/30/2020 | $36.20 | 1.04 | 1.17 | 2.21 | (0.96) | (0.48) | — | (1.44) |
Year Ended 4/30/2019 | $35.33 | 1.04 | 0.75 | 1.79 | (0.92) | — | — | (0.92) |
Year Ended 4/30/2018 | $36.15 | 0.80 | (0.82) | (0.02) | (0.76) | — | (0.04) | (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 interest on collateral expense. For the periods indicated below, if interest on collateral expense had been excluded, expenses would have been lower by: |
Class | 10/31/2022 | 4/30/2022 | 4/30/2021 | 4/30/2020 | 4/30/2019 |
Class A | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
Advisor Class | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
Class C | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
Institutional Class | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
Institutional 2 Class | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
Institutional 3 Class | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
Class R | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
44 | Columbia Total Return 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(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.68 | (10.91%) | 0.52%(d),(e) | 0.37%(d),(e) | 3.93%(d) | 95% | $284,359 |
Year Ended 4/30/2022 | $32.87 | (10.41%) | 0.50%(e) | 0.37%(e) | 2.85% | 173% | $405,759 |
Year Ended 4/30/2021 | $37.79 | 10.73% | 0.52%(e) | 0.38%(e) | 3.32% | 295% | $354,336 |
Year Ended 4/30/2020 | $36.98 | 6.86% | 0.53%(e) | 0.37%(e) | 3.42% | 272% | $525,287 |
Year Ended 4/30/2019 | $36.21 | 5.73% | 0.53%(e) | 0.49%(e) | 3.56% | 262% | $258,172 |
Year Ended 4/30/2018 | $35.35 | 0.55% | 0.52% | 0.50% | 2.85% | 300% | $272,332 |
Class R(c) | |||||||
Six Months Ended 10/31/2022 (Unaudited) | $28.67 | (11.22%) | 1.14%(d),(e) | 1.00%(d),(e),(f) | 3.32%(d) | 95% | $5,352 |
Year Ended 4/30/2022 | $32.87 | (10.94%) | 1.12%(e) | 0.99%(e),(f) | 2.24% | 173% | $6,352 |
Year Ended 4/30/2021 | $37.78 | 10.15% | 1.13%(e) | 0.99%(e),(f) | 2.76% | 295% | $4,752 |
Year Ended 4/30/2020 | $36.97 | 6.08% | 1.15%(e) | 1.00%(e),(f) | 2.79% | 272% | $2,501 |
Year Ended 4/30/2019 | $36.20 | 5.19% | 1.16%(e) | 1.11%(e),(f) | 2.97% | 262% | $2,380 |
Year Ended 4/30/2018 | $35.33 | (0.17%) | 1.16% | 1.11%(f) | 2.24% | 300% | $1,637 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 45 |
October 31, 2022 (Unaudited)
46 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2022 | 47 |
October 31, 2022 (Unaudited)
48 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2022 | 49 |
October 31, 2022 (Unaudited)
50 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2022 | 51 |
October 31, 2022 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Credit risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | 1,929,802* |
Credit risk | Upfront payments on swap contracts | 706,360 |
Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | 118,417 |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 5,921,942* |
Interest rate risk | Investments, at value — Options purchased | 3,878,918 |
Total | 12,555,439 |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Credit risk | Component of total distributable earnings (loss) — unrealized depreciation on swap contracts | 16,417,686* |
Credit risk | Upfront receipts on swap contracts | 9,527,874 |
Foreign exchange risk | Unrealized depreciation on forward foreign currency exchange contracts | 56,691 |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 30,575,132* |
Interest rate risk | Options contracts written, at value | 9,185,665 |
Total | 65,763,048 |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | ||||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Futures contracts ($) | Options contracts written ($) | Options contracts purchased ($) | Swap contracts ($) | Total ($) |
Credit risk | — | — | — | — | 8,467,556 | 8,467,556 |
Foreign exchange risk | 397,387 | — | — | — | — | 397,387 |
Interest rate risk | — | (76,008,116) | (31,156,675) | 10,354,996 | — | (96,809,795) |
Total | 397,387 | (76,008,116) | (31,156,675) | 10,354,996 | 8,467,556 | (87,944,852) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Futures contracts ($) | Options contracts written ($) | Options contracts purchased ($) | Swap contracts ($) | Total ($) |
Credit risk | — | — | — | — | (19,989,720) | (19,989,720) |
Foreign exchange risk | (50,394) | — | — | — | — | (50,394) |
Interest rate risk | — | (5,563,044) | 32,097,320 | (35,331,869) | — | (8,797,593) |
Total | (50,394) | (5,563,044) | 32,097,320 | (35,331,869) | (19,989,720) | (28,837,707) |
52 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 821,535,212 |
Futures contracts — short | 583,073,959 |
Credit default swap contracts — buy protection | 348,022,190 |
Credit default swap contracts — sell protection | 68,150,000 |
Derivative instrument | Average value ($)* |
Options contracts — purchased | 20,320,583 |
Options contracts — written | (4,592,833) |
Derivative instrument | Average unrealized appreciation ($)* | Average unrealized depreciation ($)* |
Forward foreign currency exchange contracts | 135,045 | (28,346) |
* | Based on the ending quarterly outstanding amounts for the six months ended October 31, 2022. |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 53 |
October 31, 2022 (Unaudited)
54 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Citi ($)(a) | Citi ($)(a) | Goldman Sachs International ($) | JPMorgan ($) | Morgan Stanley ($)(a) | Morgan Stanley ($)(a) | UBS ($) | Total ($) | |
Assets | ||||||||
Centrally cleared credit default swap contracts (b) | - | - | - | - | - | 2,251,557 | - | 2,251,557 |
Forward foreign currency exchange contracts | - | - | - | - | - | - | 118,417 | 118,417 |
Options purchased calls | 3,270,785 | - | - | - | 608,133 | - | - | 3,878,918 |
OTC credit default swap contracts (c) | - | 173,818 | 263,039 | 1,875,278 | 324,027 | - | - | 2,636,162 |
Total assets | 3,270,785 | 173,818 | 263,039 | 1,875,278 | 932,160 | 2,251,557 | 118,417 | 8,885,054 |
Liabilities | ||||||||
Forward foreign currency exchange contracts | - | - | - | - | - | - | 56,691 | 56,691 |
Options contracts written | 3,973,476 | - | - | - | 5,212,189 | - | - | 9,185,665 |
OTC credit default swap contracts (c) | - | 2,984,997 | 1,317,740 | 3,896,321 | 2,783,808 | - | - | 10,982,866 |
Total liabilities | 3,973,476 | 2,984,997 | 1,317,740 | 3,896,321 | 7,995,997 | - | 56,691 | 20,225,222 |
Total financial and derivative net assets | (702,691) | (2,811,179) | (1,054,701) | (2,021,043) | (7,063,837) | 2,251,557 | 61,726 | (11,340,168) |
Total collateral received (pledged) (d) | (107,000) | (2,811,179) | (1,054,701) | (2,021,043) | (4,137,000) | - | - | (10,130,923) |
Net amount (e) | (595,691) | - | - | - | (2,926,837) | 2,251,557 | 61,726 | (1,209,245) |
(a) | Exposure can only be netted across transactions governed under the same master agreement with the same legal entity. |
(b) | Centrally cleared swaps are included within payable/receivable for variation margin in the Statement of Assets and Liabilities. |
(c) | Over-the-Counter (OTC) swap contracts are presented at market value plus periodic payments receivable (payable), which is comprised of unrealized appreciation, unrealized depreciation, upfront payments and upfront receipts. |
(d) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(e) | Represents the net amount due from/(to) counterparties in the event of default. |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 55 |
October 31, 2022 (Unaudited)
56 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2022 | 57 |
October 31, 2022 (Unaudited)
Effective rate (%) | |
Class A | 0.13 |
Advisor Class | 0.13 |
Class C | 0.13 |
Institutional Class | 0.13 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Class R | 0.13 |
58 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 3.00 | 0.50 - 1.00(a) | 74,954 |
Class C | — | 1.00(b) | 3,743 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Fee rate(s) contractual through August 31, 2024 | |
Class A | 0.74% |
Advisor Class | 0.49 |
Class C | 1.49 |
Institutional Class | 0.49 |
Institutional 2 Class | 0.42 |
Institutional 3 Class | 0.37 |
Class R | 0.99 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 59 |
October 31, 2022 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
3,311,785,000 | 16,630,000 | (466,019,000) | (449,389,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(91,843,703) | (83,876,363) | (175,720,066) |
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 2,000,000 | 3.58 | 1 |
60 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Shares | |
Class A | 1,160,251 |
Advisor Class | 22,289,843 |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 61 |
October 31, 2022 (Unaudited)
($) | |
Net investment income | 104,475,000 |
Net realized loss | (114,922,000) |
Net change in unrealized appreciation/(depreciation) | (384,820,000) |
Net decrease in net assets from operations | (395,267,000) |
62 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2022 | 63 |
October 31, 2022 (Unaudited)
64 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
Columbia Total Return Bond Fund | Semiannual Report 2022 | 65 |
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
66 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
(Unaudited)
Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund
Columbia Total Return Bond Fund | Semiannual Report 2022 | 67 |
(Unaudited)
On June 23, 2022, the Board, including all of the Independent Trustees, determined that fees payable under the Management Agreement were fair and reasonable in light of the extent and quality of services provided and approved the renewal of the Management Agreement.
68 | Columbia Total Return Bond Fund | Semiannual Report 2022 |
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/imgac54f17a2.jpg)
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/img0e14bf7f1.jpg)
October 31, 2022 (Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/img80ad5e332.jpg)
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2022) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | Life | ||
Institutional Class* | 01/03/17 | -3.64 | 3.96 | 1.70 | 3.57 | |
HFRX Equity Hedge Index | -1.82 | -3.35 | 2.89 | 3.92 | ||
Wilshire Liquid Alternative Equity Hedge Index | -3.69 | -6.62 | 1.97 | 2.99 | ||
MSCI World Index (Net) | -8.09 | -18.48 | 6.37 | 8.93 |
* | 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. Returns shown for periods prior to the inception date of the Fund’s Institutional Class shares include the returns of the Fund’s Class A shares for the period from October 17, 2016 (the inception date of the Fund) through January 2, 2017. Class A shares were offered prior to the Fund’s Institutional Class shares but have since been merged into the Fund’s Institutional Class shares. 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. The Fund’s performance prior to February 17, 2022, reflects returns achieved by one or more different subadviser(s) that managed the Fund according to different principal investment strategies. If the Fund’s current subadvisers and strategies had been in place for the prior periods, results shown may have been different. |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 3 |
(Unaudited)
Portfolio breakdown — long positions (%) (at October 31, 2022) | |
Common Stocks | 136.4 |
Exchange-Traded Equity Funds | 2.2 |
Preferred Stocks | 0.0(a) |
Warrants | 0.0(a) |
Money Market Funds(b) | 18.7 |
Total | 157.3 |
(a) | Rounds to zero. |
(b) | Includes investments in Money Market Funds which have been segregated to cover obligations relating to the Fund’s investment in derivatives and short positions. For a description of the Fund’s investments in derivatives, see Investments in derivatives following the Portfolio of Investments and Note 2 to the Notes to Financial Statements. |
Portfolio breakdown — short positions (%) (at October 31, 2022) | |
Common Stocks | (55.8) |
Exchange-Traded Equity Funds | (1.5) |
Total | (57.3) |
Equity sector breakdown — long positions (%) (at October 31, 2022) | |
Communication Services | 3.4 |
Consumer Discretionary | 10.4 |
Consumer Staples | 8.6 |
Energy | 8.5 |
Financials | 10.0 |
Health Care | 14.3 |
Industrials | 13.1 |
Information Technology | 15.3 |
Materials | 6.4 |
Real Estate | 3.0 |
Utilities | 7.0 |
Total | 100.0 |
Equity sector breakdown — short positions (%) (at October 31, 2022) | |
Communication Services | (6.1) |
Consumer Discretionary | (15.6) |
Consumer Staples | (4.7) |
Energy | (7.2) |
Financials | (15.8) |
Health Care | (6.0) |
Industrials | (19.7) |
Information Technology | (14.9) |
Materials | (7.7) |
Real Estate | (2.3) |
Total | (100.0) |
4 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
(Unaudited)
May 1, 2022 — October 31, 2022 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Institutional Class | 1,000.00 | 1,000.00 | 963.60 | 1,014.70 | 10.45 | 10.72 | 2.10 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 5 |
October 31, 2022 (Unaudited)
Common Stocks 83.3% | ||
Issuer | Shares | Value ($) |
Communication Services 2.9% | ||
Diversified Telecommunication Services 0.4% | ||
AT&T, Inc.(a) | 18,211 | 331,986 |
Deutsche Telekom AG, Registered Shares | 36,934 | 697,148 |
Liberty Global PLC, Class A(a),(b) | 3,246 | 54,728 |
Verizon Communications, Inc.(a) | 3,320 | 124,068 |
Total | 1,207,930 | |
Entertainment 0.5% | ||
Activision Blizzard, Inc. | 7,188 | 523,286 |
Live Nation Entertainment, Inc.(a),(b) | 4,627 | 368,356 |
Netflix, Inc.(a),(b) | 200 | 58,376 |
Nexon Co., Ltd. | 27,100 | 453,498 |
Total | 1,403,516 | |
Interactive Media & Services 0.6% | ||
Alphabet, Inc., Class A(a),(b) | 8,073 | 762,979 |
Alphabet, Inc., Class C(a),(b) | 8,058 | 762,771 |
Total | 1,525,750 | |
Media 1.1% | ||
Dentsu Group, Inc. | 29,100 | 905,108 |
Interpublic Group of Companies, Inc. (The)(a) | 13,154 | 391,858 |
Nexstar Media Group, Inc., Class A | 9,145 | 1,566,538 |
Total | 2,863,504 | |
Wireless Telecommunication Services 0.3% | ||
T-Mobile US, Inc.(b) | 4,649 | 704,602 |
Total Communication Services | 7,705,302 | |
Consumer Discretionary 8.6% | ||
Auto Components 0.0% | ||
BorgWarner, Inc.(a) | 2,653 | 99,567 |
Automobiles 0.9% | ||
Ferrari NV | 8,076 | 1,589,115 |
Harley-Davidson, Inc.(a) | 16,552 | 711,736 |
Mitsubishi Motors Corp.(b) | 5,000 | 16,844 |
Tesla, Inc.(b) | 173 | 39,364 |
Total | 2,357,059 | |
Distributors 0.2% | ||
LKQ Corp.(a) | 11,809 | 657,053 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Diversified Consumer Services 0.4% | ||
frontdoor, Inc.(b) | 20,114 | 443,715 |
Stride, Inc.(a),(b) | 15,729 | 527,079 |
Total | 970,794 | |
Hotels, Restaurants & Leisure 1.9% | ||
Booking Holdings, Inc.(a),(b) | 718 | 1,342,287 |
Entain PLC | 17,895 | 258,879 |
Flutter Entertainment PLC(b) | 5,071 | 672,117 |
International Game Technology PLC | 14,868 | 298,103 |
Restaurant Brands International, Inc. | 8,697 | 516,428 |
Royal Caribbean Cruises Ltd.(b) | 28,214 | 1,506,063 |
Wyndham Hotels & Resorts, Inc. | 7,064 | 536,370 |
Wynn Macau Ltd.(b) | 284,800 | 113,537 |
Total | 5,243,784 | |
Household Durables 0.6% | ||
Garmin Ltd. | 6,396 | 563,104 |
Mohawk Industries, Inc.(b) | 2,756 | 261,131 |
PulteGroup, Inc.(a) | 4,961 | 198,390 |
Tempur Sealy International, Inc.(a) | 13,438 | 361,348 |
Whirlpool Corp.(a) | 1,491 | 206,116 |
Total | 1,590,089 | |
Internet & Direct Marketing Retail 1.4% | ||
Amazon.com, Inc.(a),(b) | 32,443 | 3,323,461 |
MercadoLibre, Inc.(a),(b) | 281 | 253,355 |
ZOZO, Inc. | 3,500 | 74,264 |
Total | 3,651,080 | |
Leisure Products 0.4% | ||
Hasbro, Inc. | 6,004 | 391,761 |
Polaris, Inc. | 1,797 | 182,575 |
Sankyo Co., Ltd. | 5,200 | 171,714 |
Topgolf Callaway Brands Corp.(a),(b) | 18,878 | 353,396 |
Total | 1,099,446 | |
Multiline Retail 0.3% | ||
Dollar General Corp. | 3,400 | 867,170 |
6 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Specialty Retail 2.3% | ||
Advance Auto Parts, Inc.(a) | 4,074 | 773,734 |
AutoNation, Inc.(b) | 930 | 98,868 |
AutoZone, Inc.(a),(b) | 1,239 | 3,138,238 |
Home Depot, Inc. (The)(a) | 621 | 183,897 |
O’Reilly Automotive, Inc.(b) | 533 | 446,212 |
Ross Stores, Inc. | 6,179 | 591,269 |
TJX Companies, Inc. (The) | 6,501 | 468,722 |
Ulta Beauty, Inc.(a),(b) | 543 | 227,718 |
USS Co., Ltd. | 26,100 | 393,816 |
Total | 6,322,474 | |
Textiles, Apparel & Luxury Goods 0.2% | ||
Carter’s, Inc. | 2,265 | 153,726 |
Cie Financiere Richemont SA, Class A, Registered Shares | 1,391 | 135,947 |
Swatch Group AG (The) | 354 | 79,547 |
Swatch Group AG (The), Registered Shares | 2,492 | 104,112 |
Total | 473,332 | |
Total Consumer Discretionary | 23,331,848 | |
Consumer Staples 7.1% | ||
Beverages 1.5% | ||
Carlsberg AS, Class B | 1,858 | 218,771 |
Coca-Cola Europacific Partners PLC(a) | 30,794 | 1,448,858 |
Keurig Dr. Pepper, Inc.(a) | 29,899 | 1,161,277 |
Molson Coors Beverage Co., Class B(a) | 26,138 | 1,318,139 |
PepsiCo, Inc.(a) | 346 | 62,827 |
Total | 4,209,872 | |
Food & Staples Retailing 2.6% | ||
Albertsons Companies, Inc., Class A | 16,385 | 336,056 |
Alimentation Couche-Tard, Inc. | 9,100 | 407,458 |
Costco Wholesale Corp.(a) | 683 | 342,525 |
Empire Co., Ltd., Class A | 6,000 | 154,145 |
George Weston Ltd. | 6,900 | 759,463 |
GrainCorp Ltd. | 58,246 | 313,120 |
Ingles Markets, Inc., Class A(a) | 1,754 | 165,525 |
Jeronimo Martins SGPS SA | 19,543 | 404,404 |
Kroger Co. (The)(a) | 37,552 | 1,775,834 |
Loblaw Companies Ltd. | 6,900 | 565,331 |
SpartanNash Co.(a) | 11,816 | 421,949 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
U.S. Foods Holding Corp.(a),(b) | 15,110 | 449,674 |
Walgreens Boots Alliance, Inc.(a) | 3,638 | 132,787 |
Walmart, Inc. | 5,196 | 739,547 |
Total | 6,967,818 | |
Food Products 1.8% | ||
Archer-Daniels-Midland Co.(a) | 13,172 | 1,277,421 |
Cal-Maine Foods, Inc.(a) | 9,538 | 538,992 |
General Mills, Inc.(a) | 4,528 | 369,394 |
Golden Agri-Resources Ltd. | 438,900 | 90,001 |
Grieg Seafood ASA | 12,275 | 85,005 |
Hershey Co. (The)(a) | 4,763 | 1,137,261 |
JM Smucker Co. (The)(a) | 1,324 | 199,474 |
Kraft Heinz Co. (The)(a) | 22,099 | 850,148 |
WH Group Ltd. | 484,500 | 244,678 |
Total | 4,792,374 | |
Household Products 0.3% | ||
Kimberly-Clark Corp.(a) | 5,448 | 678,058 |
Procter & Gamble Co. (The)(a) | 454 | 61,140 |
Reckitt Benckiser Group PLC | 2,916 | 193,518 |
Total | 932,716 | |
Tobacco 0.9% | ||
Altria Group, Inc.(a) | 8,940 | 413,654 |
British American Tobacco, ADR(a) | 29,934 | 1,185,985 |
Philip Morris International, Inc. | 8,137 | 747,383 |
Total | 2,347,022 | |
Total Consumer Staples | 19,249,802 | |
Energy 7.1% | ||
Energy Equipment & Services 1.0% | ||
Halliburton Co.(a) | 36,665 | 1,335,340 |
Schlumberger NV | 27,041 | 1,406,943 |
Total | 2,742,283 | |
Oil, Gas & Consumable Fuels 6.1% | ||
APA Corp.(a) | 6,594 | 299,763 |
ARC Resources Ltd. | 69,000 | 971,424 |
Canadian Natural Resources Ltd. | 17,974 | 1,077,362 |
Cenovus Energy, Inc. | 56,621 | 1,144,597 |
Chord Energy Corp. | 4,612 | 706,051 |
ConocoPhillips Co. | 5,533 | 697,656 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 7 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Coterra Energy, Inc.(a) | 17,439 | 542,876 |
Devon Energy Corp.(a) | 14,827 | 1,146,869 |
Diamondback Energy, Inc. | 3,956 | 621,527 |
Enerplus Corp. | 33,302 | 577,380 |
ENI SpA | 4,488 | 58,944 |
EQT Corp.(a) | 361 | 15,104 |
Exxon Mobil Corp. | 11,937 | 1,322,739 |
Inpex Corp. | 65,500 | 661,052 |
Kosmos Energy Ltd.(a),(b) | 78,941 | 512,327 |
Marathon Petroleum Corp.(a) | 12,636 | 1,435,702 |
MEG Energy Corp.(b) | 42,512 | 635,644 |
New Hope Corp., Ltd. | 66,101 | 240,123 |
Occidental Petroleum Corp.(a) | 4,725 | 343,035 |
Pioneer Natural Resources Co. | 2,278 | 584,102 |
Tourmaline Oil Corp. | 15,200 | 856,426 |
Valero Energy Corp.(a) | 6,138 | 770,626 |
Vermilion Energy, Inc. | 32,533 | 759,147 |
Vista Energy SAB de CV(b) | 22,340 | 293,105 |
Whitehaven Coal Ltd. | 10,319 | 59,941 |
Total | 16,333,522 | |
Total Energy | 19,075,805 | |
Financials 8.3% | ||
Banks 3.9% | ||
Banca Monte dei Paschi di Siena SpA(b) | 1,818 | 3,430 |
Bank of America Corp.(a) | 23,278 | 838,939 |
DBS Group Holdings Ltd. | 6,500 | 157,146 |
East West Bancorp, Inc.(a) | 12,904 | 923,539 |
Fifth Third Bancorp(a) | 21,422 | 764,551 |
Hana Financial Group, Inc. | 5,801 | 167,715 |
HSBC Holdings PLC | 146,151 | 750,055 |
Huntington Bancshares, Inc.(a) | 62,055 | 941,995 |
ING Groep NV | 19,411 | 190,996 |
JPMorgan Chase & Co.(a) | 6,437 | 810,290 |
KeyCorp(a) | 38,253 | 683,581 |
NatWest Group PLC | 470,309 | 1,266,685 |
Nordea Bank Abp | 37,518 | 358,391 |
Regions Financial Corp. | 13,661 | 299,859 |
Standard Chartered PLC | 7,962 | 47,571 |
Truist Financial Corp. | 13,456 | 602,694 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
United Overseas Bank Ltd. | 12,900 | 253,083 |
Wells Fargo & Co.(a) | 29,348 | 1,349,715 |
Total | 10,410,235 | |
Capital Markets 1.3% | ||
Bank of New York Mellon Corp. (The)(a) | 3,595 | 151,385 |
Charles Schwab Corp. (The) | 9,122 | 726,750 |
Goldman Sachs Group, Inc. (The) | 1,480 | 509,875 |
Julius Baer Group Ltd. | 8,680 | 416,457 |
Northern Trust Corp.(a) | 1,148 | 96,834 |
S&P Global, Inc.(a) | 679 | 218,129 |
StoneX Group, Inc.(b) | 5,870 | 547,788 |
UBS AG | 40,143 | 636,434 |
UBS Group AG, Registered Shares | 10,498 | 166,498 |
Total | 3,470,150 | |
Consumer Finance 0.3% | ||
Capital One Financial Corp. | 1,048 | 111,109 |
Discover Financial Services | 3,142 | 328,213 |
SLM Corp.(a) | 24,236 | 402,075 |
Synchrony Financial(a) | 2,750 | 97,790 |
Total | 939,187 | |
Diversified Financial Services 1.0% | ||
A-Mark Precious Metals, Inc.(a) | 10,054 | 305,742 |
Berkshire Hathaway, Inc., Class B(b) | 1,740 | 513,456 |
Equitable Holdings, Inc.(a) | 37,701 | 1,154,405 |
ORIX Corp. | 56,300 | 826,918 |
Total | 2,800,521 | |
Insurance 1.8% | ||
Ageas SA/NV | 3,257 | 112,751 |
Allstate Corp. (The)(a) | 4,288 | 541,360 |
American International Group, Inc.(a) | 3,022 | 172,254 |
Aon PLC, Class A | 1,557 | 438,280 |
Chubb Ltd. | 1,555 | 334,154 |
Direct Line Insurance Group PLC | 178,879 | 413,289 |
Everest Re Group Ltd.(a) | 3,417 | 1,102,529 |
MS&AD Insurance Group Holdings, Inc. | 1,800 | 47,666 |
Principal Financial Group, Inc.(a) | 1,775 | 156,431 |
RenaissanceRe Holdings Ltd. | 3,061 | 473,475 |
Sampo OYJ, Class A | 10,918 | 499,256 |
8 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Swiss Re AG | 354 | 26,297 |
WR Berkley Corp. | 7,873 | 585,594 |
Total | 4,903,336 | |
Total Financials | 22,523,429 | |
Health Care 11.9% | ||
Biotechnology 2.5% | ||
AbbVie, Inc.(a) | 13,092 | 1,916,669 |
Amgen, Inc.(a) | 7,861 | 2,125,221 |
Biogen, Inc.(a),(b) | 368 | 104,306 |
Catalyst Pharmaceuticals, Inc.(a),(b) | 23,601 | 327,346 |
Genmab A/S(b) | 1,038 | 399,846 |
Gilead Sciences, Inc.(a) | 3,830 | 300,502 |
Grifols SA(b) | 7,456 | 63,432 |
Pharming Group NV(b) | 155,006 | 160,367 |
Vertex Pharmaceuticals, Inc.(a),(b) | 3,996 | 1,246,752 |
Total | 6,644,441 | |
Health Care Equipment & Supplies 1.1% | ||
Abbott Laboratories | 1,304 | 129,018 |
ABIOMED, Inc.(a),(b) | 3,353 | 845,224 |
Becton Dickinson and Co.(a) | 1,026 | 242,105 |
Boston Scientific Corp.(b) | 7,638 | 329,274 |
Envista Holdings Corp.(b) | 7,370 | 243,284 |
Medtronic PLC | 6,339 | 553,648 |
Sonova Holding AG | 316 | 74,691 |
Stryker Corp. | 1,048 | 240,244 |
Zimmer Biomet Holdings, Inc. | 3,854 | 436,851 |
Total | 3,094,339 | |
Health Care Providers & Services 4.9% | ||
Amedisys, Inc.(b) | 898 | 87,636 |
AmerisourceBergen Corp. | 484 | 76,094 |
Centene Corp.(a),(b) | 23,594 | 2,008,557 |
Cigna Corp.(a) | 1,959 | 632,875 |
CVS Health Corp.(a) | 11,567 | 1,095,395 |
DocGo, Inc.(a),(b) | 17,971 | 177,913 |
Elevance Health, Inc.(a) | 1,429 | 781,334 |
HCA Healthcare, Inc. | 1,492 | 324,465 |
Humana, Inc. | 2,244 | 1,252,331 |
Molina Healthcare, Inc.(a),(b) | 3,203 | 1,149,429 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Privia Health Group, Inc.(a),(b) | 9,174 | 307,146 |
R1 RCM, Inc.(b) | 6,643 | 117,315 |
UnitedHealth Group, Inc. | 9,279 | 5,151,237 |
Universal Health Services, Inc., Class B | 501 | 58,051 |
Total | 13,219,778 | |
Life Sciences Tools & Services 1.3% | ||
Avantor, Inc.(a),(b) | 16,755 | 337,948 |
ICON PLC(b) | 1,486 | 293,990 |
IQVIA Holdings, Inc.(b) | 1,651 | 346,165 |
Sartorius Stedim Biotech | 1,185 | 376,047 |
Sotera Health Co.(b) | 21,073 | 144,982 |
Syneos Health, Inc.(b) | 1,029 | 51,841 |
Thermo Fisher Scientific, Inc. | 3,942 | 2,026,070 |
Total | 3,577,043 | |
Pharmaceuticals 2.1% | ||
Amphastar Pharmaceuticals, Inc.(a),(b) | 3,384 | 104,566 |
AstraZeneca PLC | 3,401 | 399,047 |
Bristol-Myers Squibb Co.(a) | 14,997 | 1,161,818 |
Jazz Pharmaceuticals PLC(a),(b) | 79 | 11,359 |
Johnson & Johnson(a) | 3,278 | 570,274 |
Merck & Co., Inc. | 582 | 58,898 |
Novo Nordisk A/S, Class B | 18,736 | 2,037,189 |
Pfizer, Inc.(a) | 11,731 | 546,078 |
Sanofi | 5,674 | 488,292 |
UCB SA | 2,523 | 190,153 |
Viatris, Inc.(a) | 11,456 | 116,049 |
Total | 5,683,723 | |
Total Health Care | 32,219,324 | |
Industrials 10.9% | ||
Aerospace & Defense 0.7% | ||
Boeing Co. (The)(b) | 854 | 121,704 |
BWX Technologies, Inc. | 8,797 | 501,253 |
Curtiss-Wright Corp. | 2,278 | 382,317 |
Hexcel Corp. | 6,134 | 341,664 |
Howmet Aerospace, Inc.(a) | 11,022 | 391,832 |
Maxar Technologies, Inc. | 2,436 | 54,420 |
Textron, Inc. | 2,905 | 198,818 |
Total | 1,992,008 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 9 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Air Freight & Logistics 0.2% | ||
CH Robinson Worldwide, Inc.(a) | 4,341 | 424,202 |
Expeditors International of Washington, Inc. | 328 | 32,095 |
Total | 456,297 | |
Building Products 0.7% | ||
Advanced Drainage Systems, Inc. | 3,711 | 430,031 |
Allegion PLC | 4,142 | 433,957 |
Carlisle Companies, Inc.(a) | 2,851 | 680,819 |
Resideo Technologies, Inc.(a),(b) | 14,651 | 346,056 |
Total | 1,890,863 | |
Commercial Services & Supplies 0.7% | ||
Clean Harbors, Inc.(b) | 3,936 | 482,003 |
Copart, Inc.(b) | 5,876 | 675,857 |
Societe BIC SA | 11,731 | 673,431 |
Total | 1,831,291 | |
Electrical Equipment 0.5% | ||
AMETEK, Inc. | 2,082 | 269,952 |
Eaton Corp. PLC | 3,075 | 461,465 |
nVent Electric PLC | 11,043 | 403,069 |
Sensata Technologies Holding | 4,417 | 177,608 |
Total | 1,312,094 | |
Industrial Conglomerates 1.1% | ||
3M Co.(a) | 1,063 | 133,715 |
CK Hutchison Holdings Ltd. | 4,500 | 22,400 |
Honeywell International, Inc. | 7,387 | 1,507,096 |
Jardine Matheson Holdings Ltd. | 29,700 | 1,368,220 |
Total | 3,031,431 | |
Machinery 1.8% | ||
AGCO Corp. | 3,669 | 455,580 |
Allison Transmission Holdings, Inc. | 3,700 | 156,325 |
Caterpillar, Inc.(a) | 649 | 140,482 |
Deere & Co. | 1,019 | 403,341 |
Dover Corp. | 2,605 | 340,447 |
Fortive Corp. | 5,912 | 377,777 |
Mitsubishi Heavy Industries Ltd. | 19,200 | 661,326 |
Otis Worldwide Corp. | 3,737 | 263,982 |
PACCAR, Inc.(a) | 12,570 | 1,217,153 |
Parker-Hannifin Corp. | 1,627 | 472,839 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Volvo AB | 7,924 | 135,355 |
Westinghouse Air Brake Technologies Corp.(a) | 4,193 | 391,123 |
Total | 5,015,730 | |
Marine 0.2% | ||
AP Moller - Maersk A/S, Class A | 68 | 136,047 |
SITC International Holdings Co., Ltd. | 238,000 | 389,796 |
Total | 525,843 | |
Professional Services 1.2% | ||
ASGN, Inc.(b) | 3,801 | 322,249 |
Clarivate PLC(a),(b) | 26,076 | 269,365 |
FTI Consulting, Inc.(a),(b) | 7,029 | 1,093,923 |
Leidos Holdings, Inc. | 4,103 | 416,824 |
Science Applications International Corp. | 8,134 | 881,238 |
TransUnion(a) | 5,200 | 308,204 |
Total | 3,291,803 | |
Road & Rail 2.0% | ||
Canadian Pacific Railway Ltd. | 40,530 | 3,019,080 |
Landstar System, Inc. | 2,720 | 424,918 |
Norfolk Southern Corp. | 2,785 | 635,175 |
Union Pacific Corp. | 7,069 | 1,393,583 |
Total | 5,472,756 | |
Trading Companies & Distributors 1.8% | ||
Brenntag SE | 5,783 | 350,891 |
Ferguson PLC | 3,114 | 340,236 |
Marubeni Corp. | 128,900 | 1,128,380 |
Mitsubishi Corp. | 40,800 | 1,105,227 |
Mitsui & Co., Ltd. | 50,900 | 1,126,376 |
Sumitomo Corp. | 12,300 | 156,379 |
W.W. Grainger, Inc.(a) | 212 | 123,882 |
WESCO International, Inc.(b) | 3,251 | 447,890 |
Total | 4,779,261 | |
Total Industrials | 29,599,377 | |
Information Technology 12.8% | ||
Communications Equipment 0.4% | ||
Cisco Systems, Inc.(a) | 13,388 | 608,217 |
Motorola Solutions, Inc. | 1,640 | 409,524 |
Total | 1,017,741 |
10 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Electronic Equipment, Instruments & Components 0.6% | ||
Arrow Electronics, Inc.(a),(b) | 2,262 | 229,050 |
Corning, Inc.(a) | 4,532 | 145,795 |
Flex Ltd.(a),(b) | 31,811 | 622,859 |
Jabil, Inc.(a) | 10,685 | 686,511 |
Total | 1,684,215 | |
IT Services 2.9% | ||
Amdocs Ltd. | 6,874 | 593,295 |
Automatic Data Processing, Inc.(a) | 1,028 | 248,468 |
Capgemini SE | 3,145 | 515,437 |
Cognizant Technology Solutions Corp., Class A | 10,012 | 623,247 |
Concentrix Corp. | 4,053 | 495,398 |
Fidelity National Information Services, Inc. | 5,679 | 471,300 |
Fiserv, Inc.(b) | 31,235 | 3,209,084 |
FleetCor Technologies, Inc.(b) | 3,741 | 696,275 |
Global Payments, Inc.(a) | 4,197 | 479,549 |
SS&C Technologies Holdings, Inc. | 9,502 | 488,593 |
Total | 7,820,646 | |
Semiconductors & Semiconductor Equipment 3.3% | ||
Advanced Micro Devices, Inc.(b) | 4,651 | 279,339 |
Applied Materials, Inc. | 3,537 | 312,282 |
Broadcom, Inc.(a) | 1,865 | 876,774 |
Enphase Energy, Inc.(a),(b) | 3,154 | 968,278 |
KLA Corp. | 819 | 259,173 |
Lam Research Corp. | 828 | 335,158 |
Microchip Technology, Inc. | 7,471 | 461,259 |
Micron Technology, Inc. | 7,455 | 403,315 |
NXP Semiconductors NV | 26,895 | 3,928,822 |
Photronics, Inc.(a),(b) | 912 | 14,793 |
Qorvo, Inc.(a),(b) | 4,644 | 399,755 |
QUALCOMM, Inc.(a) | 5,146 | 605,478 |
Total | 8,844,426 | |
Software 4.4% | ||
Adobe, Inc.(a),(b) | 2,242 | 714,077 |
Autodesk, Inc.(a),(b) | 1,384 | 296,591 |
Cadence Design Systems, Inc.(a),(b) | 6,492 | 982,824 |
Check Point Software Technologies Ltd.(a),(b) | 6,184 | 799,158 |
Fair Isaac Corp.(b) | 895 | 428,562 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Microsoft Corp.(a) | 18,034 | 4,186,233 |
NortonLifeLock, Inc.(a) | 18,131 | 408,492 |
Open Text Corp. | 300 | 8,689 |
Oracle Corp.(a) | 4,933 | 385,119 |
Qualys, Inc.(a),(b) | 1,170 | 166,795 |
Synopsys, Inc.(a),(b) | 3,577 | 1,046,451 |
Trend Micro, Inc. | 2,600 | 131,101 |
Truecaller AB, Class B(b) | 21,714 | 79,477 |
Zscaler, Inc.(b) | 15,053 | 2,319,667 |
Total | 11,953,236 | |
Technology Hardware, Storage & Peripherals 1.2% | ||
Apple, Inc.(a) | 12,819 | 1,965,665 |
Hewlett Packard Enterprise Co.(a) | 10,311 | 147,138 |
NetApp, Inc. | 8,117 | 562,265 |
Super Micro Computer, Inc.(a),(b) | 6,352 | 442,036 |
Western Digital Corp.(b) | 1,730 | 59,460 |
Total | 3,176,564 | |
Total Information Technology | 34,496,828 | |
Materials 5.4% | ||
Chemicals 3.4% | ||
Albemarle Corp.(a) | 3,141 | 879,072 |
Axalta Coating Systems Ltd.(b) | 19,285 | 449,726 |
Cabot Corp. | 5,130 | 376,952 |
CF Industries Holdings, Inc.(a) | 7,700 | 818,202 |
Corteva, Inc.(a) | 15,681 | 1,024,597 |
DuPont de Nemours, Inc.(a) | 13,034 | 745,545 |
Eastman Chemical Co.(a) | 13,256 | 1,018,193 |
Elkem ASA | 55,398 | 184,046 |
FMC Corp. | 3,960 | 470,844 |
Linde PLC | 1,053 | 313,110 |
Mosaic Co. (The)(a) | 14,687 | 789,426 |
Nitto Denko Corp. | 2,900 | 152,789 |
OCI NV | 20,510 | 784,465 |
Olin Corp. | 8,597 | 455,211 |
Solvay SA | 1,357 | 122,457 |
Valvoline, Inc.(a) | 18,315 | 537,728 |
Total | 9,122,363 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 11 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Containers & Packaging 0.3% | ||
Avery Dennison Corp. | 2,496 | 423,197 |
WestRock Co. | 13,462 | 458,515 |
Total | 881,712 | |
Metals & Mining 1.6% | ||
Alpha Metallurgical Resources, Inc.(a) | 385 | 65,007 |
Coronado Global Resources, Inc.(c) | 195,792 | 233,606 |
Ferroglobe PLC(b) | 38,178 | 222,578 |
Glencore PLC | 327,061 | 1,875,065 |
Liontown Resources, Ltd.(b) | 270,669 | 325,891 |
Norsk Hydro ASA | 108,194 | 686,634 |
Rio Tinto Ltd. | 1,841 | 104,476 |
South32 Ltd. | 336,966 | 773,091 |
Total | 4,286,348 | |
Paper & Forest Products 0.1% | ||
Holmen AB, Class B | 5,094 | 184,863 |
Total Materials | 14,475,286 | |
Real Estate 2.5% | ||
Equity Real Estate Investment Trusts (REITS) 2.3% | ||
Americold Realty Trust, Inc.(a) | 15,956 | 386,933 |
British Land Co. PLC (The) | 53,935 | 226,252 |
Equity LifeStyle Properties, Inc. | 3,276 | 209,533 |
Essex Property Trust, Inc. | 1,124 | 249,798 |
Extra Space Storage, Inc.(a) | 2,825 | 501,268 |
Host Hotels & Resorts, Inc.(a) | 50,778 | 958,689 |
Klepierre(b) | 49,863 | 1,002,159 |
Lamar Advertising Co., Class A | 3,781 | 348,722 |
Land Securities Group PLC | 16,021 | 104,759 |
Medical Properties Trust, Inc.(a) | 47,109 | 539,398 |
Prologis, Inc.(a) | 299 | 33,114 |
Public Storage(a) | 672 | 208,152 |
Regency Centers Corp.(a) | 4,197 | 253,960 |
RioCan Real Estate Investment Trust | 12,200 | 173,819 |
Scentre Group | 32,616 | 60,699 |
Segro PLC | 5,204 | 46,836 |
Ventas, Inc. | 8,244 | 322,588 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Vicinity Ltd. | 94,300 | 117,560 |
Warehouses De Pauw CVA | 17,099 | 438,862 |
Total | 6,183,101 | |
Real Estate Management & Development 0.2% | ||
Swire Pacific Ltd., Class A | 90,000 | 597,017 |
Total Real Estate | 6,780,118 | |
Utilities 5.8% | ||
Electric Utilities 4.4% | ||
American Electric Power Co., Inc.(a) | 4,901 | 430,896 |
CK Infrastructure Holdings Ltd. | 51,500 | 244,662 |
Constellation Energy Corp.(a) | 42,573 | 4,024,851 |
Exelon Corp.(a) | 4,157 | 160,419 |
FirstEnergy Corp.(a) | 14,601 | 550,604 |
NextEra Energy, Inc.(a) | 66,144 | 5,126,160 |
NRG Energy, Inc.(a) | 27,717 | 1,230,635 |
Total | 11,768,227 | |
Gas Utilities 0.0% | ||
National Fuel Gas Co.(a) | 1,585 | 106,972 |
Independent Power and Renewable Electricity Producers 0.7% | ||
Clearway Energy, Inc., Class A(a) | 3,385 | 109,437 |
Clearway Energy, Inc., Class C(a) | 10,619 | 368,904 |
Drax Group PLC | 56,991 | 340,329 |
RWE AG | 3,517 | 135,387 |
Vistra Corp.(a) | 42,764 | 982,289 |
Total | 1,936,346 | |
Multi-Utilities 0.7% | ||
CenterPoint Energy, Inc. | 13,910 | 397,965 |
Engie SA | 82,100 | 1,066,755 |
NiSource, Inc.(a) | 16,342 | 419,826 |
Total | 1,884,546 | |
Total Utilities | 15,696,091 | |
Total Common Stocks (Cost $205,366,974) | 225,153,210 | |
12 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Exchange-Traded Equity Funds 1.4% | ||
Shares | Value ($) | |
U.S. Large Cap 1.4% | ||
SPDR S&P 500 ETF Trust | 9,395 | 3,628,443 |
Total Exchange-Traded Equity Funds (Cost $3,518,180) | 3,628,443 |
Preferred Stocks 0.0% | |||
Issuer | Shares | Value ($) | |
Consumer Discretionary 0.0% | |||
Automobiles 0.0% | |||
BMW AG | 1,493 | 110,100 | |
Total Consumer Discretionary | 110,100 | ||
Total Preferred Stocks (Cost $107,061) | 110,100 |
Warrants 0.0% | ||
Issuer | Shares | Value ($) |
Energy 0.0% | ||
Oil, Gas & Consumable Fuels 0.0% | ||
Vista Oil & Gas SAB de CV(b) | 3 | 1 |
Total Energy | 1 | |
Total Warrants (Cost $1) | 1 | |
Money Market Funds 11.4% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 3.246%(d),(e) | 30,865,376 | 30,853,030 |
Total Money Market Funds (Cost $30,849,143) | 30,853,030 | |
Total Investments (Cost $239,841,359) | 259,744,784 | |
Investments in Securities Sold Short | ||
Common Stocks (34.1)% | ||
Issuer | Shares | Value ($) |
Communication Services (2.1)% | ||
Diversified Telecommunication Services (0.4)% | ||
Cellnex Telecom SA | (25,955) | (849,514) |
Proximus SADP | (12,016) | (125,972) |
Telia Co. AB | (76,921) | (203,823) |
Total | (1,179,309) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Entertainment (1.0)% | ||
Lions Gate Entertainment Corp.(b) | (28,151) | (226,897) |
Madison Square Garden Entertainment Corp.(b) | (4,735) | (232,157) |
Roblox Corp. Class A(b) | (4,388) | (196,319) |
Roku, Inc.(b) | (14,212) | (789,335) |
Warner Bros Discovery, Inc.(b) | (68,423) | (889,499) |
Warner Music Group Corp., Class A | (11,967) | (311,381) |
Total | (2,645,588) | |
Interactive Media & Services (0.1)% | ||
Angi, Inc.(b) | (66,165) | (142,255) |
fuboTV, Inc.(b) | (77,000) | (281,820) |
Total | (424,075) | |
Media (0.3)% | ||
Cable One, Inc. | (177) | (152,119) |
Clear Channel Outdoor Holdings, Inc.(b) | (217,719) | (311,338) |
iHeartMedia, Inc., Class A(b) | (28,576) | (236,609) |
Total | (700,066) | |
Wireless Telecommunication Services (0.3)% | ||
SoftBank Corp. | (16,200) | (695,405) |
Total Communication Services | (5,644,443) | |
Consumer Discretionary (5.3)% | ||
Auto Components (0.4)% | ||
Adient PLC(b) | (14,691) | (513,891) |
Koito Manufacturing Co., Ltd. | (24,800) | (352,082) |
QuantumScape Corp.(b) | (34,295) | (285,677) |
Total | (1,151,650) | |
Automobiles (1.0)% | ||
Ford Motor Co. | (35,746) | (477,924) |
General Motors Co. | (12,843) | (504,088) |
Harley-Davidson, Inc. | (11,013) | (473,559) |
Lucid Group, Inc.(b) | (45,213) | (646,094) |
Rivian Automotive, Inc.(b) | (19,447) | (680,061) |
Total | (2,781,726) | |
Diversified Consumer Services (0.1)% | ||
Duolingo, Inc.(b) | (2,138) | (174,974) |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 13 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hotels, Restaurants & Leisure (1.0)% | ||
Accor SA(b) | (6,696) | (160,446) |
Carnival Corp.(b) | (8,121) | (73,576) |
Chipotle Mexican Grill, Inc.(b) | (188) | (281,686) |
Choice Hotels International, Inc. | (2,625) | (340,830) |
Dutch Bros, Inc., Class A(b) | (3,294) | (121,582) |
F45 Training Holdings, Inc.(b) | (38,500) | (128,590) |
Genius Sports Ltd.(b) | (35,281) | (181,344) |
Hyatt Hotels Corp., Class A(b) | (2,036) | (191,812) |
Membership Collective Group, Inc., Class A(b) | (27,657) | (126,669) |
Portillo’s, Inc., Class A(b) | (4,945) | (106,021) |
Shake Shack, Inc., Class A(b) | (1,557) | (86,522) |
Texas Roadhouse, Inc. | (2,517) | (249,057) |
Whitbread PLC | (7,094) | (208,791) |
Wingstop, Inc. | (1,639) | (259,601) |
Yum China Holdings, Inc. | (2,576) | (106,518) |
Total | (2,623,045) | |
Household Durables (0.2)% | ||
Fujitsu General Ltd. | (6,800) | (155,190) |
La-Z-Boy, Inc. | (18,212) | (451,111) |
Total | (606,301) | |
Internet & Direct Marketing Retail (0.8)% | ||
Boohoo Group PLC(b) | (139,058) | (64,625) |
DoorDash, Inc., Class A(b) | (13,574) | (590,876) |
Etsy, Inc.(b) | (1,604) | (150,632) |
Farfetch Ltd., Class A(b) | (10,094) | (85,597) |
Rakuten Group, Inc. | (50,000) | (223,218) |
Wayfair, Inc., Class A(b) | (19,213) | (728,557) |
Xometry, Inc., Class A(b) | (4,877) | (292,913) |
Total | (2,136,418) | |
Leisure Products (0.1)% | ||
Shimano, Inc. | (1,100) | (170,218) |
Multiline Retail (0.0)% | ||
Big Lots, Inc. | (5,168) | (97,520) |
Specialty Retail (1.4)% | ||
Abercrombie & Fitch Co., Class A(b) | (26,807) | (471,267) |
Carvana Co.(b) | (2,724) | (36,856) |
Dick’s Sporting Goods, Inc. | (3,374) | (383,826) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Five Below, Inc.(b) | (1,101) | (161,131) |
Floor & Decor Holdings, Inc., Class A(b) | (3,316) | (243,295) |
Gap, Inc. (The) | (35,884) | (404,413) |
Lowe’s Companies, Inc. | (1,306) | (254,605) |
National Vision Holdings, Inc.(b) | (3,876) | (143,567) |
RH(b) | (422) | (107,158) |
Signet Jewelers Ltd. | (16,940) | (1,105,165) |
Warby Parker, Inc.(b) | (6,234) | (100,056) |
Williams-Sonoma Inc | (2,914) | (360,841) |
Total | (3,772,180) | |
Textiles, Apparel & Luxury Goods (0.3)% | ||
Allbirds, Inc., Class A(b) | (79,481) | (273,415) |
Crocs, Inc.(b) | (691) | (48,888) |
Moncler SpA | (3,566) | (153,852) |
Tapestry, Inc. | (12,305) | (389,823) |
Total | (865,978) | |
Total Consumer Discretionary | (14,380,010) | |
Consumer Staples (1.6)% | ||
Beverages (0.3)% | ||
Coca-Cola Bottlers Japan Holdings, Inc. | (35,400) | (319,837) |
National Beverage Corp. | (7,318) | (347,020) |
Total | (666,857) | |
Food & Staples Retailing (0.1)% | ||
Ocado Group PLC(b) | (63,625) | (344,930) |
Rite Aid Corp.(b) | (8,346) | (43,566) |
Total | (388,496) | |
Food Products (0.5)% | ||
B&G Foods, Inc. | (13,590) | (222,604) |
Beyond Meat, Inc.(b) | (9,570) | (150,249) |
Kikkoman Corp. | (5,100) | (276,369) |
Mondelez International, Inc., Class A | (9,972) | (613,079) |
Oatly Group AB, ADR(b) | (81,959) | (180,310) |
Total | (1,442,611) |
14 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Products (0.6)% | ||
Central Garden & Pet Co., Class A(b) | (6,009) | (235,192) |
Kimberly-Clark Corp. | (3,056) | (380,350) |
Procter & Gamble Co. (The) | (3,846) | (517,941) |
WD-40 Co. | (2,122) | (339,859) |
Total | (1,473,342) | |
Personal Products (0.1)% | ||
Beauty Health Co. (The)(b) | (1,515) | (17,317) |
Coty, Inc., Class A(b) | (44,452) | (298,273) |
Total | (315,590) | |
Total Consumer Staples | (4,286,896) | |
Energy (2.4)% | ||
Energy Equipment & Services (0.3)% | ||
Baker Hughes, a GE Co. | (17,919) | (495,640) |
NOV, Inc. | (14,636) | (327,846) |
Total | (823,486) | |
Oil, Gas & Consumable Fuels (2.1)% | ||
Enbridge, Inc. | (30,500) | (1,188,344) |
Energy Fuels, Inc.(b) | (29,000) | (209,674) |
Gevo, Inc.(b) | (64,861) | (145,937) |
Green Plains, Inc.(b) | (10,673) | (308,343) |
Hess Corp. | (3,990) | (562,909) |
Keyera Corp. | (7,800) | (167,182) |
Neste OYJ | (8,285) | (363,119) |
NexGen Energy Ltd.(b) | (93,000) | (390,472) |
Parkland Corp. | (8,300) | (167,785) |
Permian Resources Corp.(b) | (55,887) | (546,016) |
Vista Energy SAB de CV, ADR(b) | (20,181) | (266,995) |
Washington H. Soul Pattinson & Co., Ltd. | (82,185) | (1,470,788) |
Total | (5,787,564) | |
Total Energy | (6,611,050) | |
Financials (5.4)% | ||
Banks (2.5)% | ||
Bank of Hawaii Corp. | (7,122) | (540,916) |
Commerce Bancshares, Inc. | (8,742) | (619,283) |
Commonwealth Bank of Australia | (9,095) | (609,791) |
Community Bank System, Inc. | (9,051) | (565,054) |
Cullen/Frost Bankers, Inc. | (4,379) | (678,964) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
CVB Financial Corp. | (15,995) | (459,376) |
First Financial Bankshares, Inc. | (14,262) | (548,944) |
Glacier Bancorp, Inc. | (9,358) | (536,026) |
Hang Seng Bank Ltd. | (35,000) | (492,723) |
NU Holdings Ltd., Class A(b) | (52,566) | (262,830) |
Trustmark Corp. | (6,632) | (242,532) |
United Bankshares, Inc. | (18,377) | (778,266) |
Westamerica Bancorporation | (7,112) | (446,136) |
Total | (6,780,841) | |
Capital Markets (1.2)% | ||
Ashmore Group PLC | (114,745) | (271,729) |
B. Riley Financial, Inc. | (9,489) | (386,013) |
Coinbase Global, Inc., Class A(b) | (8,726) | (578,097) |
Credit Suisse Group AG, Registered Shares | (77,044) | (319,152) |
Deutsche Bank AG | (50,825) | (484,451) |
Hamilton Lane, Inc., Class A | (2,083) | (124,605) |
Moody’s Corp. | (1,448) | (383,532) |
T Rowe Price Group, Inc. | (3,192) | (338,863) |
WisdomTree Investments, Inc. | (53,575) | (290,912) |
Total | (3,177,354) | |
Consumer Finance (0.8)% | ||
Ally Financial, Inc. | (25,792) | (710,828) |
Capital One Financial Corp. | (1,462) | (155,001) |
Credit Acceptance Corp.(b) | (832) | (387,396) |
SoFi Technologies, Inc.(b) | (62,007) | (337,318) |
Synchrony Financial | (12,999) | (462,244) |
Total | (2,052,787) | |
Diversified Financial Services (0.1)% | ||
Kinnevik AB, Class B(b) | (25,483) | (314,803) |
Insurance (0.8)% | ||
Aegon NV | (31,012) | (143,560) |
Alm Brand A/S | (48,478) | (66,251) |
Cincinnati Financial Corp. | (1,708) | (176,471) |
Goosehead Insurance, Inc.(b) | (3,004) | (124,696) |
Kinsale Capital Group, Inc. | (2,447) | (771,221) |
Phoenix Group Holdings PLC | (17,984) | (111,932) |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 15 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
RLI Corp. | (4,270) | (555,399) |
Trupanion, Inc.(b) | (1,965) | (99,173) |
Total | (2,048,703) | |
Thrifts & Mortgage Finance (0.0)% | ||
Rocket Cos, Inc., Class A | (21,704) | (149,757) |
Total Financials | (14,524,245) | |
Health Care (2.1)% | ||
Biotechnology (0.5)% | ||
Allogene Therapeutics, Inc.(b) | (12,206) | (125,722) |
Ascendis Pharma A/S ADR(b) | (1,543) | (177,445) |
Bioxcel Therapeutics, Inc.(b) | (12,273) | (154,517) |
CureVac NV(b) | (12,259) | (89,246) |
Exact Sciences Corp.(b) | (8,892) | (309,264) |
Fate Therapeutics, Inc.(b) | (2,986) | (62,467) |
Idorsia Ltd.(b) | (8,364) | (129,492) |
Mirati Therapeutics, Inc.(b) | (2,751) | (185,197) |
Myriad Genetics, Inc.(b) | (6,474) | (134,271) |
Twist Bioscience Corp.(b) | (2,688) | (88,247) |
Total | (1,455,868) | |
Health Care Equipment & Supplies (0.5)% | ||
Ambu A/S | (5,118) | (57,239) |
Establishment Labs Holdings, Inc.(b) | (2,339) | (131,896) |
Figs, Inc.(b) | (18,120) | (133,726) |
Glaukos Corp.(b) | (2,532) | (141,969) |
Neogen Corp.(b) | (10,433) | (137,716) |
Novocure Ltd.(b) | (6,940) | (490,380) |
Tandem Diabetes Care, Inc.(b) | (2,599) | (145,934) |
Total | (1,238,860) | |
Health Care Providers & Services (0.4)% | ||
Accolade, Inc.(b) | (5,268) | (56,789) |
CVS Health Corp. | (2,034) | (192,620) |
Fulgent Genetics, Inc.(b) | (1,416) | (56,116) |
Guardant Health, Inc.(b) | (2,221) | (109,939) |
Henry Schein, Inc.(b) | (4,697) | (321,557) |
ModivCare, Inc.(b) | (1,334) | (129,718) |
Oak Street Health, Inc.(b) | (5,412) | (109,485) |
Total | (976,224) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Technology (0.3)% | ||
Definitive Healthcare Corp.(b) | (11,845) | (186,914) |
Doximity, Inc., Class A(b) | (5,225) | (138,306) |
GoodRx Holdings, Inc., Class A(b) | (10,918) | (58,630) |
Phreesia, Inc.(b) | (4,183) | (114,279) |
Teladoc Health, Inc.(b) | (6,855) | (203,182) |
Total | (701,311) | |
Life Sciences Tools & Services (0.2)% | ||
Bachem Holding AG | (5,663) | (406,072) |
Codexis, Inc.(b) | (6,983) | (39,244) |
Oxford Nanopore Technologies PLC(b) | (27,497) | (82,830) |
Total | (528,146) | |
Pharmaceuticals (0.2)% | ||
Cassava Sciences, Inc.(b) | (3,020) | (110,049) |
Intra-Cellular Therapies, Inc.(b) | (2,893) | (132,123) |
Nippon Shinyaku Co., Ltd. | (2,600) | (143,952) |
Royalty Pharma PLC, Class A | (4,249) | (179,818) |
Ventyx Biosciences, Inc.(b) | (2,781) | (90,021) |
Total | (655,963) | |
Total Health Care | (5,556,372) | |
Industrials (6.7)% | ||
Aerospace & Defense (0.6)% | ||
Boeing Co. (The)(b) | (74) | (10,546) |
Kratos Defense & Security Solutions, Inc.(b) | (16,518) | (183,019) |
Rolls-Royce Holdings PLC(b) | (1,333,516) | (1,195,983) |
Virgin Galactic Holdings, Inc.(b) | (59,198) | (273,495) |
Total | (1,663,043) | |
Air Freight & Logistics (0.3)% | ||
FedEx Corp. | (3,945) | (632,305) |
InPost SA(b) | (24,928) | (158,906) |
Total | (791,211) | |
Airlines (0.2)% | ||
American Airlines Group, Inc.(b) | (30,024) | (425,741) |
United Continental Holdings, Inc.(b) | (4,378) | (188,604) |
Total | (614,345) |
16 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Building Products (0.4)% | ||
AO Smith Corp. | (9,394) | (514,603) |
Hayward Holdings, Inc.(b) | (32,670) | (302,198) |
Tecnoglass, Inc. | (13,351) | (274,096) |
Total | (1,090,897) | |
Commercial Services & Supplies (0.3)% | ||
Boyd Group Services, Inc. | (5,493) | (781,644) |
Healthcare Services Group, Inc. | (10,166) | (141,918) |
Total | (923,562) | |
Construction & Engineering (0.4)% | ||
Ameresco, Inc., Class A(b) | (12,007) | (726,183) |
MDU Resources Group, Inc. | (16,958) | (482,964) |
Total | (1,209,147) | |
Electrical Equipment (0.6)% | ||
Array Technologies, Inc.(b) | (17,768) | (321,601) |
Ballard Power Systems, Inc.(b) | (11,200) | (63,467) |
Ceres Power Holdings PLC(b) | (11,969) | (45,041) |
ITM Power PLC(b) | (101,462) | (95,848) |
PowerCell Sweden AB(b) | (17,026) | (187,005) |
Rockwell Automation, Inc. | (1,490) | (380,397) |
Vertiv Holdings Co. | (30,095) | (430,660) |
Total | (1,524,019) | |
Industrial Conglomerates (0.2)% | ||
General Electric Co. | (5,294) | (411,926) |
Machinery (0.6)% | ||
Hyliion Holdings Corp.(b) | (30,211) | (86,101) |
Kornit Digital Ltd.(b) | (7,206) | (192,544) |
Makita Corp. | (16,100) | (294,204) |
McPhy Energy SA(b) | (9,435) | (107,032) |
Pentair PLC | (6,959) | (298,889) |
Proto Labs, Inc.(b) | (6,800) | (259,692) |
Stanley Black & Decker, Inc. | (2,589) | (203,211) |
VAT Group AG | (1,006) | (229,671) |
Total | (1,671,344) | |
Professional Services (0.1)% | ||
ManpowerGroup, Inc. | (3,101) | (242,932) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Road & Rail (2.4)% | ||
AMERCO | (836) | (480,859) |
JB Hunt Transport Services, Inc. | (1,134) | (193,993) |
Knight-Swift Transportation Holdings, Inc. | (9,645) | (463,249) |
Old Dominion Freight Line, Inc. | (10,257) | (2,816,572) |
Saia, Inc.(b) | (6,654) | (1,323,215) |
TFI International, Inc. | (5,277) | (480,347) |
TuSimple Holdings, Inc.(b) | (8,151) | (27,958) |
XPO Logistics, Inc.(b) | (14,072) | (728,085) |
Total | (6,514,278) | |
Trading Companies & Distributors (0.6)% | ||
AerCap Holdings NV(b) | (11,523) | (615,444) |
Core & Main, Inc., Class A(b) | (17,035) | (401,685) |
Triton International Ltd. | (2,428) | (147,355) |
Watsco, Inc. | (1,290) | (349,538) |
Total | (1,514,022) | |
Total Industrials | (18,170,726) | |
Information Technology (5.1)% | ||
Communications Equipment (0.3)% | ||
Cisco Systems, Inc. | (17,250) | (783,668) |
Electronic Equipment, Instruments & Components (0.3)% | ||
Itron, Inc.(b) | (4,427) | (216,436) |
Novanta, Inc.(b) | (3,304) | (467,185) |
Taiyo Yuden Co., Ltd. | (9,400) | (255,788) |
Total | (939,409) | |
IT Services (0.9)% | ||
Affirm Holdings, Inc.(b) | (37,160) | (745,801) |
Megaport Ltd.(b) | (14,236) | (55,221) |
Okta, Inc.(b) | (9,374) | (526,069) |
Shopify, Inc., Class A(b) | (22,900) | (785,157) |
Toast, Inc. Class A(b) | (9,060) | (200,136) |
Total | (2,312,384) | |
Semiconductors & Semiconductor Equipment (0.6)% | ||
Allegro MicroSystems, Inc.(b) | (15,592) | (396,193) |
Intel Corp. | (28,238) | (802,806) |
Melexis NV | (4,683) | (322,079) |
Wolfspeed, Inc.(b) | (2,376) | (187,110) |
Total | (1,708,188) |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 17 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Software (1.5)% | ||
Appfolio, Inc., Class A(b) | (3,540) | (443,810) |
BlackBerry Ltd.(b) | (51,717) | (241,001) |
Blackline, Inc.(b) | (5,141) | (287,896) |
Ceridian HCM Holding, Inc.(b) | (6,351) | (420,373) |
CS Disco, Inc.(b) | (5,540) | (59,389) |
Guidewire Software, Inc.(b) | (4,490) | (266,751) |
Jamf Holding Corp.(b) | (11,510) | (272,442) |
Palantir Technologies, Inc., Class A(b) | (110,042) | (967,269) |
Procore Technologies, Inc.(b) | (6,902) | (377,263) |
Unity Software, Inc.(b) | (5,059) | (149,240) |
Wisetech Global Ltd. | (14,466) | (534,996) |
Total | (4,020,430) | |
Technology Hardware, Storage & Peripherals (1.5)% | ||
Apple, Inc. | (24,767) | (3,797,772) |
Western Digital Corp.(b) | (4,825) | (165,835) |
Total | (3,963,607) | |
Total Information Technology | (13,727,686) | |
Materials (2.6)% | ||
Chemicals (1.3)% | ||
Celanese Corp., Class A | (2,155) | (207,139) |
Covestro AG | (30,358) | (1,030,534) |
Dow, Inc. | (9,848) | (460,296) |
Eastman Chemical Co. | (1,052) | (80,804) |
EMS-Chemie Holding AG, Registered Shares | (445) | (279,812) |
Huntsman Corp. | (12,148) | (325,081) |
Mitsui Chemicals, Inc. | (10,900) | (201,747) |
PureCycle Technologies, Inc.(b) | (18,401) | (152,176) |
RPM International, Inc. | (1,590) | (150,366) |
Umicore SA | (6,039) | (199,081) |
Westlake Chemical Corp. | (2,703) | (261,245) |
Total | (3,348,281) | |
Construction Materials (0.1)% | ||
Cemex SAB de CV, ADR(b) | (68,721) | (265,263) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Containers & Packaging (0.2)% | ||
Ball Corp. | (3,759) | (185,657) |
Greif, Inc., Class A | (4,140) | (274,109) |
Packaging Corp. of America | (1,233) | (148,219) |
Total | (607,985) | |
Metals & Mining (0.8)% | ||
Antofagasta PLC | (37,954) | (511,446) |
Compass Minerals International, Inc. | (3,814) | (150,805) |
De Grey Mining Ltd.(b) | (544,230) | (368,165) |
Fortescue Metals Group Ltd. | (40,548) | (382,003) |
Grupo Mexico SAB de CV | (48,000) | (172,905) |
ioneer Ltd.(b) | (469,016) | (166,220) |
Southern Copper Corp. | (6,480) | (304,366) |
Standard Lithium Ltd.(b) | (46,146) | (191,506) |
Total | (2,247,416) | |
Paper & Forest Products (0.2)% | ||
Nippon Paper Industries Co., Ltd. | (63,300) | (368,511) |
UPM-Kymmene Oyj | (7,577) | (254,719) |
Total | (623,230) | |
Total Materials | (7,092,175) | |
Real Estate (0.8)% | ||
Equity Real Estate Investment Trusts (REITS) (0.5)% | ||
Alexandria Real Estate Equities, Inc. | (1,336) | (194,121) |
Extra Space Storage, Inc. | (1,373) | (243,625) |
Nomura Real Estate Master Fund, Inc. | (165) | (188,237) |
Orion Office REIT, Inc. | (12,268) | (114,951) |
Rexford Industrial Realty, Inc. | (5,694) | (314,764) |
SL Green Realty Corp. | (5,390) | (213,875) |
Unibail-Rodamco-Westfield(b) | (3,014) | (142,441) |
Total | (1,412,014) |
18 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate Management & Development (0.3)% | ||
Compass, Inc., Class A(b) | (29,183) | (77,043) |
Howard Hughes Corp. (The)(b) | (3,658) | (224,419) |
Redfin Corp.(b) | (47,564) | (228,783) |
WeWork, Inc., Class A(b) | (85,372) | (219,406) |
Total | (749,651) | |
Total Real Estate | (2,161,665) | |
Total Common Stocks (Proceeds $101,170,087) | (92,155,268) | |
Exchange-Traded Equity Funds (0.9)% | ||
Shares | Value ($) | |
Sector (0.9)% | ||
iShares Semiconductor ETF | (7,612) | (2,485,166) |
Total Exchange-Traded Equity Funds (Proceeds $2,487,406) | (2,485,166) | |
Total Investments in Securities Sold Short (Proceeds $103,657,493) | (94,640,434) | |
Total Investments in Securities, Net of Securities Sold Short | 165,104,350 | |
Other Assets & Liabilities, Net | 105,251,340 | |
Net Assets | 270,355,690 |
Call option contracts written | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Premium received ($) | Value ($) |
ConocoPhillips | Morgan Stanley | USD | (340,443) | (27) | 125.00 | 12/16/2022 | (21,653) | (21,870) |
Marathon Petroleum Corp. | Morgan Stanley | USD | (545,376) | (48) | 110.00 | 12/16/2022 | (40,757) | (40,320) |
Schlumberger NV | Morgan Stanley | USD | (374,616) | (72) | 50.00 | 12/16/2022 | (33,981) | (33,120) |
Total | (96,391) | (95,310) |
Total return swap contracts | ||||||||||||
Fund receives | Fund pays | Payment frequency | Counterparty | Maturity date | Notional currency | Notional amount | Value ($) | Periodic payments receivable (payable) ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Total return on Samsung Electronics Co., Ltd. | SOFR plus 0.800% | Monthly | Macquarie | 09/19/2023 | USD | 165,360 | 7,945 | 642 | — | — | 8,587 | — |
Reference index and values for swap contracts as of period end | ||
Reference index | Reference rate | |
SOFR | Secured Overnight Financing Rate | 3.050% |
(a) | This security or a portion of this security has been pledged as collateral in connection with investments sold short. |
(b) | Non-income producing investment. |
(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 October 31, 2022, the total value of these securities amounted to $233,606, which represents 0.09% of total net assets. |
(d) | The rate shown is the seven-day current annualized yield at October 31, 2022. |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 19 |
October 31, 2022 (Unaudited)
(e) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund.The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 3.246% | ||||||||
42,562,256 | 210,644,698 | (222,354,458) | 534 | 30,853,030 | (6,753) | 370,080 | 30,865,376 |
ADR | American Depositary Receipt |
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). |
20 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
The following table is a summary of the inputs used to value the Fund’s investments at October 31, 2022:
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 5,649,548 | 2,055,754 | — | 7,705,302 |
Consumer Discretionary | 21,311,071 | 2,020,777 | — | 23,331,848 |
Consumer Staples | 17,700,305 | 1,549,497 | — | 19,249,802 |
Energy | 18,055,745 | 1,020,060 | — | 19,075,805 |
Financials | 16,349,289 | 6,174,140 | — | 22,523,429 |
Health Care | 28,030,260 | 4,189,064 | — | 32,219,324 |
Industrials | 22,345,549 | 7,253,828 | — | 29,599,377 |
Information Technology | 33,770,813 | 726,015 | — | 34,496,828 |
Materials | 9,047,903 | 5,427,383 | — | 14,475,286 |
Real Estate | 4,185,974 | 2,594,144 | — | 6,780,118 |
Utilities | 13,908,958 | 1,787,133 | — | 15,696,091 |
Total Common Stocks | 190,355,415 | 34,797,795 | — | 225,153,210 |
Exchange-Traded Equity Funds | 3,628,443 | — | — | 3,628,443 |
Preferred Stocks | ||||
Consumer Discretionary | — | 110,100 | — | 110,100 |
Total Preferred Stocks | — | 110,100 | — | 110,100 |
Warrants | ||||
Energy | — | 1 | — | 1 |
Total Warrants | — | 1 | — | 1 |
Money Market Funds | 30,853,030 | — | — | 30,853,030 |
Total Investments in Securities | 224,836,888 | 34,907,896 | — | 259,744,784 |
Investments in Securities Sold Short | ||||
Common Stocks | ||||
Communication Services | (3,769,729) | (1,874,714) | — | (5,644,443) |
Consumer Discretionary | (12,891,588) | (1,488,422) | — | (14,380,010) |
Consumer Staples | (3,345,760) | (941,136) | — | (4,286,896) |
Energy | (4,777,143) | (1,833,907) | — | (6,611,050) |
Financials | (11,709,853) | (2,814,392) | — | (14,524,245) |
Health Care | (4,736,787) | (819,585) | — | (5,556,372) |
Industrials | (15,857,036) | (2,313,690) | — | (18,170,726) |
Information Technology | (12,559,602) | (1,168,084) | — | (13,727,686) |
Materials | (3,329,937) | (3,762,238) | — | (7,092,175) |
Real Estate | (1,830,987) | (330,678) | — | (2,161,665) |
Total Common Stocks | (74,808,422) | (17,346,846) | — | (92,155,268) |
Exchange-Traded Equity Funds | (2,485,166) | — | — | (2,485,166) |
Total Investments in Securities Sold Short | (77,293,588) | (17,346,846) | — | (94,640,434) |
Total Investments in Securities, Net of Securities Sold Short | 147,543,300 | 17,561,050 | — | 165,104,350 |
Investments in Derivatives | ||||
Asset | ||||
Swap Contracts | — | 8,587 | — | 8,587 |
Liability | ||||
Options Contracts Written | (95,310) | — | — | (95,310) |
Total | 147,447,990 | 17,569,637 | — | 165,017,627 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 21 |
October 31, 2022 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $208,992,216) | $228,891,754 |
Affiliated issuers (cost $30,849,143) | 30,853,030 |
Foreign currency (cost $1,405) | 1,278 |
Cash collateral held at broker for: | |
Swap contracts | 60,000 |
Securities sold short | 103,207,043 |
Unrealized appreciation on swap contracts | 8,587 |
Receivable for: | |
Investments sold | 2,739,858 |
Capital shares sold | 470,223 |
Dividends | 485,700 |
Foreign tax reclaims | 260,626 |
Expense reimbursement due from Investment Manager | 5,045 |
Prepaid expenses | 4,766 |
Trustees’ deferred compensation plan | 31,824 |
Other assets | 122,257 |
Total assets | 367,141,991 |
Liabilities | |
Securities sold short, at value (proceeds $103,657,493) | 94,640,434 |
Option contracts written, at value (premiums received $96,391) | 95,310 |
Due to custodian | 747 |
Payable for: | |
Investments purchased | 1,385,526 |
Capital shares purchased | 400,536 |
Dividends and interest on securities sold short | 58,379 |
Management services fees | 35,635 |
Transfer agent fees | 39,093 |
Compensation of board members | 11,803 |
Compensation of chief compliance officer | 23 |
Other expenses | 86,991 |
Trustees’ deferred compensation plan | 31,824 |
Total liabilities | 96,786,301 |
Net assets applicable to outstanding capital stock | $270,355,690 |
Represented by | |
Paid in capital | 232,883,467 |
Total distributable earnings (loss) | 37,472,223 |
Total - representing net assets applicable to outstanding capital stock | $270,355,690 |
Institutional Class | |
Net assets | $270,355,690 |
Shares outstanding | 37,834,863 |
Net asset value per share | $7.15 |
22 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
Six Months Ended October 31, 2022 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $2,817,825 |
Dividends — affiliated issuers | 370,080 |
Interfund lending | 1,803 |
Foreign taxes withheld | (114,298) |
Total income | 3,075,410 |
Expenses: | |
Management services fees | 2,104,939 |
Transfer agent fees | |
Institutional Class | 285,562 |
Compensation of board members | 8,148 |
Custodian fees | 184,859 |
Printing and postage fees | 30,717 |
Registration fees | 22,774 |
Audit fees | 39,945 |
Legal fees | 7,337 |
Dividends and interest on securities sold short | 342,145 |
Compensation of chief compliance officer | 23 |
Other | 47,760 |
Total expenses | 3,074,209 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (311,387) |
Total net expenses | 2,762,822 |
Net investment income | 312,588 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (17,585,199) |
Investments — affiliated issuers | (6,753) |
Foreign currency translations | (815,833) |
Securities sold short | 12,974,835 |
Swap contracts | (37,142) |
Net realized loss | (5,470,092) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 2,396,380 |
Investments — affiliated issuers | 534 |
Foreign currency translations | (194,544) |
Options contracts written | 1,081 |
Securities sold short | (6,636,418) |
Swap contracts | (16,535) |
Net change in unrealized appreciation (depreciation) | (4,449,502) |
Net realized and unrealized loss | (9,919,594) |
Net decrease in net assets resulting from operations | $(9,607,006) |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 23 |
Six Months Ended October 31, 2022 (Unaudited) | Year Ended April 30, 2022 | |
Operations | ||
Net investment income (loss) | $312,588 | $(2,699,534) |
Net realized gain (loss) | (5,470,092) | 43,103,719 |
Net change in unrealized appreciation (depreciation) | (4,449,502) | (11,258,958) |
Net increase (decrease) in net assets resulting from operations | (9,607,006) | 29,145,227 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Institutional Class | — | (19,622,766) |
Total distributions to shareholders | — | (19,622,766) |
Increase (decrease) in net assets from capital stock activity | 13,262,272 | (21,172,260) |
Total increase (decrease) in net assets | 3,655,266 | (11,649,799) |
Net assets at beginning of period | 266,700,424 | 278,350,223 |
Net assets at end of period | $270,355,690 | $266,700,424 |
Six Months Ended | Year Ended | |||
October 31, 2022 (Unaudited) | April 30, 2022 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Institutional Class | ||||
Subscriptions | 6,610,556 | 47,746,174 | 7,824,223 | 58,217,586 |
Distributions reinvested | — | — | 2,767,668 | 19,622,766 |
Redemptions | (4,711,619) | (34,483,902) | (13,156,101) | (99,012,612) |
Net increase (decrease) | 1,898,937 | 13,262,272 | (2,564,210) | (21,172,260) |
Total net increase (decrease) | 1,898,937 | 13,262,272 | (2,564,210) | (21,172,260) |
24 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
Institutional Class | Six Months Ended October 31, 2022 (Unaudited) | Year Ended April 30, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Per share data | ||||||
Net asset value, beginning of period | $7.42 | $7.23 | $6.00 | $6.78 | $10.82 | $10.60 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.01 | (0.07) | (0.08) | (0.01) | (0.01) | (0.09) |
Net realized and unrealized gain (loss) | (0.28) | 0.80 | 1.31 | (0.72) | (0.80) | 0.92 |
Total from investment operations | (0.27) | 0.73 | 1.23 | (0.73) | (0.81) | 0.83 |
Distributions to shareholders | ||||||
Distributions from net investment income | — | (0.08) | — | — | (0.06) | (0.18) |
Distributions from net realized gains | — | (0.46) | — | (0.05) | (3.17) | (0.43) |
Total distributions to shareholders | — | (0.54) | — | (0.05) | (3.23) | (0.61) |
Net asset value, end of period | $7.15 | $7.42 | $7.23 | $6.00 | $6.78 | $10.82 |
Total return | (3.64%) | 10.42% | 20.50% | (10.81%) | (5.65%) | 7.67% |
Ratios to average net assets | ||||||
Total gross expenses(a) | 2.34%(b),(c) | 2.61%(c),(d),(e) | 2.90%(c),(d),(e) | 2.31%(c),(d) | 2.16%(c),(d),(e) | 2.36%(c) |
Total net expenses(a),(f) | 2.10%(b),(c) | 2.43%(c),(d),(e) | 2.71%(c),(d),(e) | 2.19%(c),(d) | 2.12%(c),(d),(e) | 2.36%(c) |
Net investment income (loss) | 0.24%(b) | (1.00%) | (1.31%) | (0.14%) | (0.11%) | (0.83%) |
Supplemental data | ||||||
Net assets, end of period (in thousands) | $270,356 | $266,700 | $278,350 | $221,159 | $251,976 | $290,666 |
Portfolio turnover | 225% | 323% | 254% | 197% | 146%(g) | 158% |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Annualized. |
(c) | Ratios include dividends and interest on securities sold short. If dividends and interest on securities sold short had been excluded, annualized expenses would have been lower by: |
Class | 10/31/2022 | 4/30/2022 | 4/30/2021 | 4/30/2020 | 4/30/2019 | 4/30/2018 |
Institutional Class | 0.26% | 0.59% | 0.87% | 0.32% | 0.19% | 0.40% |
(d) | Ratios include interest on collateral expense which is less than 0.01%. |
(e) | Ratios include interfund lending expense which is less than 0.01%. |
(f) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(g) | The rate for the year ended April 30, 2019, as disclosed in the April 30, 2020 and 2019 financial statements was calculated and presented incorrectly and has been corrected. |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 25 |
October 31, 2022 (Unaudited)
26 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 27 |
October 31, 2022 (Unaudited)
28 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 29 |
October 31, 2022 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | 8,587* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Options contracts written, at value | 95,310 |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Swap contracts ($) |
Equity risk | (37,142) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |||
Risk exposure category | Options contracts written ($) | Swap contracts ($) | Total ($) |
Equity risk | 1,081 | (16,535) | (15,454) |
Derivative instrument | Average value ($)* |
Options contracts — written | (47,655) |
Derivative instrument | Average unrealized appreciation ($)* | Average unrealized depreciation ($) |
Total return swap contracts | 17,838 | — |
* | Based on the ending quarterly outstanding amounts for the six months ended October 31, 2022. |
30 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Citi ($) | JPMorgan ($) | Macquarie ($) | Morgan Stanley ($) | Total ($) | |
Assets | |||||
OTC total return swap contracts (a) | - | - | 8,587 | - | 8,587 |
Total assets | - | - | 8,587 | - | 8,587 |
Liabilities | |||||
Options contracts written | - | - | - | 95,310 | 95,310 |
Securities borrowed | 22,670,459 | 5,107,038 | - | 66,862,937 | 94,640,434 |
Total liabilities | 22,670,459 | 5,107,038 | - | 66,958,247 | 94,735,744 |
Total financial and derivative net assets | (22,670,459) | (5,107,038) | 8,587 | (66,958,247) | (94,727,157) |
Total collateral received (pledged) (b) | (22,670,459) | (5,107,038) | - | (66,958,247) | (94,735,744) |
Net amount (c) | - | - | 8,587 | - | 8,587 |
(a) | Over-the-Counter (OTC) swap contracts are presented at market value plus periodic payments receivable (payable), which is comprised of unrealized appreciation, unrealized depreciation, upfront payments and upfront receipts. |
(b) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(c) | Represents the net amount due from/(to) counterparties in the event of default. |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 31 |
October 31, 2022 (Unaudited)
32 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Effective rate (%) | |
Institutional Class | 0.22 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 33 |
October 31, 2022 (Unaudited)
Fee rate(s) contractual through August 31, 2023 | |
Institutional Class | 1.84% |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
136,087,000 | 42,197,000 | (13,266,000) | 28,931,000 |
34 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 4,500,000 | 3.61 | 4 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 35 |
October 31, 2022 (Unaudited)
36 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
October 31, 2022 (Unaudited)
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 37 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Advisory Agreements; |
• | Subadvisory fees payable by the Investment Manager under the Subadvisory Agreements; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager and the Subadvisers under the Advisory Agreements, including portfolio management and portfolio trading practices; |
38 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager and Subadvisers, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager and the Subadvisers with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 39 |
40 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2022 | 41 |
![](https://capedge.com/proxy/N-CSRS/0001683863-22-008018/img80ad5e332.jpg)
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 |
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By (Signature and Title) | /s/ Daniel J. Beckman |
| Daniel J. Beckman, President and Principal Executive Officer |
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Date | December 22, 2022 |
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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 |
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Date | December 22, 2022 |
By (Signature and Title) | /s/ Michael G. Clarke |
| Michael G. Clarke, Chief Financial Officer, |
| Principal Financial Officer and Senior Vice President |
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Date | December 22, 2022 |
By (Signature and Title) | /s/ Joseph Beranek |
| Joseph Beranek, Treasurer, Chief Accounting |
| Officer and Principal Financial Officer |
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Date | December 22, 2022 |