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: July 31
Date of reporting period: January 31, 2023
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.
January 31, 2023 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended January 31, 2023) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 11/01/98 | -5.84 | -20.21 | 8.86 | 12.52 |
Including sales charges | -11.25 | -24.80 | 7.58 | 11.85 | ||
Advisor Class | 11/08/12 | -5.73 | -20.01 | 9.13 | 12.80 | |
Class C | Excluding sales charges | 11/18/02 | -6.23 | -20.80 | 8.04 | 11.67 |
Including sales charges | -7.16 | -21.59 | 8.04 | 11.67 | ||
Class E | Excluding sales charges | 09/22/06 | -6.02 | -20.48 | 8.63 | 12.35 |
Including sales charges | -10.26 | -24.06 | 7.64 | 11.83 | ||
Institutional Class | 12/14/90 | -5.73 | -20.01 | 9.13 | 12.79 | |
Institutional 2 Class | 03/07/11 | -5.71 | -19.98 | 9.17 | 12.88 | |
Institutional 3 Class | 07/15/09 | -5.69 | -19.94 | 9.23 | 12.94 | |
Class R | 09/27/10 | -5.96 | -20.41 | 8.59 | 12.24 | |
Class V | Excluding sales charges | 12/14/90 | -5.83 | -20.20 | 8.86 | 12.50 |
Including sales charges | -11.25 | -24.79 | 7.58 | 11.84 | ||
Russell 1000 Growth Index | -4.71 | -16.02 | 11.22 | 14.53 |
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 3 |
(Unaudited)
Portfolio breakdown (%) (at January 31, 2023) | |
Common Stocks | 97.1 |
Money Market Funds | 2.9 |
Total | 100.0 |
Equity sector breakdown (%) (at January 31, 2023) | |
Communication Services | 8.7 |
Consumer Discretionary | 14.8 |
Consumer Staples | 6.5 |
Energy | 1.5 |
Financials | 1.9 |
Health Care | 15.3 |
Industrials | 8.0 |
Information Technology | 41.9 |
Real Estate | 1.4 |
Total | 100.0 |
Equity sub-industry breakdown (%) (at January 31, 2023) | |
Information Technology | |
Application Software | 2.3 |
Data Processing & Outsourced Services | 4.2 |
Electronic Equipment & Instruments | 1.5 |
Electronic Manufacturing Services | 1.3 |
Semiconductors | 9.3 |
Systems Software | 12.8 |
Technology Hardware, Storage & Peripherals | 10.5 |
Total | 41.9 |
4 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
(Unaudited)
August 1, 2022 — January 31, 2023 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 941.60 | 1,020.33 | 5.00 | 5.20 | 1.01 |
Advisor Class | 1,000.00 | 1,000.00 | 942.70 | 1,021.61 | 3.76 | 3.91 | 0.76 |
Class C | 1,000.00 | 1,000.00 | 937.70 | 1,016.51 | 8.69 | 9.04 | 1.76 |
Class E | 1,000.00 | 1,000.00 | 939.80 | 1,018.50 | 6.77 | 7.05 | 1.37 |
Institutional Class | 1,000.00 | 1,000.00 | 942.70 | 1,021.61 | 3.76 | 3.91 | 0.76 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 942.90 | 1,021.81 | 3.56 | 3.71 | 0.72 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 943.10 | 1,022.01 | 3.37 | 3.50 | 0.68 |
Class R | 1,000.00 | 1,000.00 | 940.40 | 1,019.06 | 6.23 | 6.48 | 1.26 |
Class V | 1,000.00 | 1,000.00 | 941.70 | 1,020.33 | 5.00 | 5.20 | 1.01 |
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 5 |
January 31, 2023 (Unaudited)
Common Stocks 98.0% | ||
Issuer | Shares | Value ($) |
Communication Services 8.6% | ||
Entertainment 1.3% | ||
Electronic Arts, Inc. | 397,802 | 51,189,161 |
Interactive Media & Services 7.3% | ||
Alphabet, Inc., Class A(a) | 1,165,845 | 115,232,120 |
Alphabet, Inc., Class C(a) | 1,432,793 | 143,093,037 |
ZoomInfo Technologies, Inc.(a) | 990,123 | 27,951,172 |
Total | 286,276,329 | |
Total Communication Services | 337,465,490 | |
Consumer Discretionary 14.5% | ||
Automobiles 1.1% | ||
Tesla, Inc.(a) | 246,832 | 42,756,239 |
Hotels, Restaurants & Leisure 3.0% | ||
Hilton Worldwide Holdings, Inc. | 423,392 | 61,429,945 |
Starbucks Corp. | 525,488 | 57,351,761 |
Total | 118,781,706 | |
Internet & Direct Marketing Retail 5.9% | ||
Amazon.com, Inc.(a) | 2,252,674 | 232,318,270 |
Specialty Retail 2.2% | ||
Home Depot, Inc. (The) | 272,197 | 88,238,101 |
Textiles, Apparel & Luxury Goods 2.3% | ||
NIKE, Inc., Class B | 712,708 | 90,749,110 |
Total Consumer Discretionary | 572,843,426 | |
Consumer Staples 6.4% | ||
Beverages 2.2% | ||
Coca-Cola Co. (The) | 1,408,362 | 86,360,758 |
Food & Staples Retailing 2.5% | ||
Costco Wholesale Corp. | 189,998 | 97,115,578 |
Household Products 1.7% | ||
Procter & Gamble Co. (The) | 482,120 | 68,644,245 |
Total Consumer Staples | 252,120,581 | |
Energy 1.5% | ||
Oil, Gas & Consumable Fuels 1.5% | ||
ConocoPhillips Co. | 472,495 | 57,582,966 |
Total Energy | 57,582,966 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Financials 1.9% | ||
Capital Markets 1.9% | ||
S&P Global, Inc. | 192,921 | 72,333,800 |
Total Financials | 72,333,800 | |
Health Care 15.0% | ||
Biotechnology 2.9% | ||
BioMarin Pharmaceutical, Inc.(a) | 240,123 | 27,698,188 |
Exact Sciences Corp.(a) | 445,401 | 30,073,476 |
Vertex Pharmaceuticals, Inc.(a) | 177,110 | 57,224,241 |
Total | 114,995,905 | |
Health Care Equipment & Supplies 4.3% | ||
Boston Scientific Corp.(a) | 1,133,072 | 52,404,580 |
DexCom, Inc.(a) | 497,365 | 53,262,818 |
Intuitive Surgical, Inc.(a) | 263,974 | 64,855,772 |
Total | 170,523,170 | |
Health Care Providers & Services 3.2% | ||
UnitedHealth Group, Inc. | 253,536 | 126,562,636 |
Life Sciences Tools & Services 0.7% | ||
Bio-Techne Corp. | 325,566 | 25,934,587 |
Pharmaceuticals 3.9% | ||
Eli Lilly & Co. | 272,799 | 93,883,776 |
Zoetis, Inc. | 366,977 | 60,731,024 |
Total | 154,614,800 | |
Total Health Care | 592,631,098 | |
Industrials 7.8% | ||
Building Products 1.6% | ||
Trane Technologies PLC | 349,437 | 62,591,155 |
Commercial Services & Supplies 1.4% | ||
Cintas Corp. | 125,845 | 55,842,460 |
Construction & Engineering 1.4% | ||
MasTec, Inc.(a) | 557,399 | 54,753,304 |
Electrical Equipment 1.4% | ||
AMETEK, Inc. | 381,068 | 55,224,375 |
Road & Rail 2.0% |
6 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Union Pacific Corp. | 385,549 | 78,725,250 |
Total Industrials | 307,136,544 | |
Information Technology 41.0% | ||
Electronic Equipment, Instruments & Components 2.8% | ||
TE Connectivity Ltd. | 408,110 | 51,891,187 |
Zebra Technologies Corp., Class A(a) | 187,523 | 59,291,022 |
Total | 111,182,209 | |
IT Services 4.1% | ||
Visa, Inc., Class A | 695,823 | 160,185,413 |
Semiconductors & Semiconductor Equipment 9.1% | ||
Advanced Micro Devices, Inc.(a) | 787,815 | 59,204,297 |
Broadcom, Inc. | 152,983 | 89,496,585 |
NVIDIA Corp. | 707,228 | 138,171,134 |
QUALCOMM, Inc. | 551,267 | 73,434,277 |
Total | 360,306,293 | |
Software 14.8% | ||
Adobe, Inc.(a) | 240,672 | 89,130,468 |
Microsoft Corp. | 1,437,990 | 356,348,302 |
Palo Alto Networks, Inc.(a) | 395,740 | 62,780,194 |
ServiceNow, Inc.(a) | 162,347 | 73,888,990 |
Total | 582,147,954 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Technology Hardware, Storage & Peripherals 10.2% | ||
Apple, Inc. | 2,797,039 | 403,584,757 |
Total Information Technology | 1,617,406,626 | |
Real Estate 1.3% | ||
Equity Real Estate Investment Trusts (REITS) 1.3% | ||
Prologis, Inc. | 406,937 | 52,608,815 |
Total Real Estate | 52,608,815 | |
Total Common Stocks (Cost $2,109,758,590) | 3,862,129,346 | |
Money Market Funds 2.9% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 4.559%(b),(c) | 117,014,676 | 116,967,870 |
Total Money Market Funds (Cost $116,979,126) | 116,967,870 | |
Total Investments in Securities (Cost: $2,226,737,716) | 3,979,097,216 | |
Other Assets & Liabilities, Net | (36,940,028) | |
Net Assets | 3,942,157,188 |
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at January 31, 2023. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended January 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 4.559% | ||||||||
142,242,537 | 225,459,076 | (250,719,008) | (14,735) | 116,967,870 | 14,114 | 1,045,616 | 117,014,676 |
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 7 |
January 31, 2023 (Unaudited)
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 337,465,490 | — | — | 337,465,490 |
Consumer Discretionary | 572,843,426 | — | — | 572,843,426 |
Consumer Staples | 252,120,581 | — | — | 252,120,581 |
Energy | 57,582,966 | — | — | 57,582,966 |
Financials | 72,333,800 | — | — | 72,333,800 |
Health Care | 592,631,098 | — | — | 592,631,098 |
Industrials | 307,136,544 | — | — | 307,136,544 |
Information Technology | 1,617,406,626 | — | — | 1,617,406,626 |
Real Estate | 52,608,815 | — | — | 52,608,815 |
Total Common Stocks | 3,862,129,346 | — | — | 3,862,129,346 |
Money Market Funds | 116,967,870 | — | — | 116,967,870 |
Total Investments in Securities | 3,979,097,216 | — | — | 3,979,097,216 |
8 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $2,109,758,590) | $3,862,129,346 |
Affiliated issuers (cost $116,979,126) | 116,967,870 |
Cash | 15,024 |
Receivable for: | |
Investments sold | 167,582,513 |
Capital shares sold | 434,959 |
Dividends | 701,772 |
Prepaid expenses | 38,623 |
Trustees’ deferred compensation plan | 387,854 |
Other assets | 41,777 |
Total assets | 4,148,299,738 |
Liabilities | |
Payable for: | |
Investments purchased | 201,763,062 |
Capital shares purchased | 3,610,366 |
Management services fees | 69,577 |
Distribution and/or service fees | 16,075 |
Transfer agent fees | 187,480 |
Compensation of board members | 55,559 |
Compensation of chief compliance officer | 385 |
Other expenses | 52,192 |
Trustees’ deferred compensation plan | 387,854 |
Total liabilities | 206,142,550 |
Net assets applicable to outstanding capital stock | $3,942,157,188 |
Represented by | |
Paid in capital | 2,173,228,479 |
Total distributable earnings (loss) | 1,768,928,709 |
Total - representing net assets applicable to outstanding capital stock | $3,942,157,188 |
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 9 |
January 31, 2023 (Unaudited)
Class A | |
Net assets | $1,990,818,413 |
Shares outstanding | 44,426,250 |
Net asset value per share | $44.81 |
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) | $47.54 |
Advisor Class | |
Net assets | $16,647,546 |
Shares outstanding | 338,286 |
Net asset value per share | $49.21 |
Class C | |
Net assets | $35,715,052 |
Shares outstanding | 1,078,093 |
Net asset value per share | $33.13 |
Class E | |
Net assets | $13,009,419 |
Shares outstanding | 294,438 |
Net asset value per share | $44.18 |
Maximum sales charge | 4.50% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class E shares) | $46.26 |
Institutional Class | |
Net assets | $960,137,987 |
Shares outstanding | 20,110,891 |
Net asset value per share | $47.74 |
Institutional 2 Class | |
Net assets | $20,348,691 |
Shares outstanding | 425,221 |
Net asset value per share | $47.85 |
Institutional 3 Class | |
Net assets | $680,601,615 |
Shares outstanding | 14,146,525 |
Net asset value per share | $48.11 |
Class R | |
Net assets | $7,009,225 |
Shares outstanding | 159,886 |
Net asset value per share | $43.84 |
Class V | |
Net assets | $217,869,240 |
Shares outstanding | 4,925,112 |
Net asset value per share | $44.24 |
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 V shares) | $46.94 |
10 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
Six Months Ended January 31, 2023 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $19,395,031 |
Dividends — affiliated issuers | 1,045,616 |
Interfund lending | 330 |
Total income | 20,440,977 |
Expenses: | |
Management services fees | 13,123,866 |
Distribution and/or service fees | |
Class A | 2,530,306 |
Class C | 195,547 |
Class E | 23,586 |
Class R | 18,449 |
Class V | 276,346 |
Transfer agent fees | |
Class A | 905,547 |
Advisor Class | 7,543 |
Class C | 17,485 |
Class E | 24,471 |
Institutional Class | 438,509 |
Institutional 2 Class | 16,558 |
Institutional 3 Class | 20,771 |
Class R | 3,301 |
Class V | 98,906 |
Compensation of board members | 40,831 |
Custodian fees | 11,483 |
Printing and postage fees | 78,414 |
Registration fees | 92,870 |
Audit fees | 15,523 |
Legal fees | 32,063 |
Interest on collateral | 461 |
Compensation of chief compliance officer | 384 |
Other | 37,296 |
Total expenses | 18,010,516 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (645) |
Expense reduction | (13,051) |
Total net expenses | 17,996,820 |
Net investment income | 2,444,157 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 80,666,025 |
Investments — affiliated issuers | 14,114 |
Futures contracts | (4,124,735) |
Net realized gain | 76,555,404 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (341,335,914) |
Investments — affiliated issuers | (14,735) |
Futures contracts | (477,343) |
Net change in unrealized appreciation (depreciation) | (341,827,992) |
Net realized and unrealized loss | (265,272,588) |
Net decrease in net assets resulting from operations | $(262,828,431) |
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 11 |
Six Months Ended January 31, 2023 (Unaudited) | Year Ended July 31, 2022 | |
Operations | ||
Net investment income (loss) | $2,444,157 | $(6,466,756) |
Net realized gain | 76,555,404 | 107,715,703 |
Net change in unrealized appreciation (depreciation) | (341,827,992) | (1,032,070,931) |
Net decrease in net assets resulting from operations | (262,828,431) | (930,821,984) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | — | (244,133,175) |
Advisor Class | — | (2,720,087) |
Class C | — | (7,868,155) |
Class E | — | (1,646,962) |
Institutional Class | — | (112,671,169) |
Institutional 2 Class | — | (8,905,905) |
Institutional 3 Class | — | (69,227,245) |
Class R | — | (875,965) |
Class V | — | (26,358,603) |
Total distributions to shareholders | — | (474,407,266) |
Increase (decrease) in net assets from capital stock activity | (178,400,064) | 99,431,405 |
Total decrease in net assets | (441,228,495) | (1,305,797,845) |
Net assets at beginning of period | 4,383,385,683 | 5,689,183,528 |
Net assets at end of period | $3,942,157,188 | $4,383,385,683 |
12 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
Six Months Ended | Year Ended | |||
January 31, 2023 (Unaudited) | July 31, 2022 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 548,584 | 24,013,410 | 1,281,703 | 71,064,106 |
Distributions reinvested | — | — | 3,855,701 | 235,930,336 |
Redemptions | (2,414,724) | (104,988,795) | (5,133,783) | (283,380,156) |
Net increase (decrease) | (1,866,140) | (80,975,385) | 3,621 | 23,614,286 |
Advisor Class | ||||
Subscriptions | 36,087 | 1,727,298 | 275,762 | 18,054,519 |
Distributions reinvested | — | — | 37,295 | 2,498,765 |
Redemptions | (35,029) | (1,650,753) | (280,142) | (16,225,069) |
Net increase | 1,058 | 76,545 | 32,915 | 4,328,215 |
Class C | ||||
Subscriptions | 95,678 | 2,929,438 | 183,635 | 7,860,947 |
Distributions reinvested | — | — | 168,255 | 7,677,476 |
Redemptions | (272,048) | (8,578,521) | (805,442) | (33,037,725) |
Net decrease | (176,370) | (5,649,083) | (453,552) | (17,499,302) |
Class E | ||||
Subscriptions | 385 | 17,993 | 2,538 | 138,782 |
Distributions reinvested | — | — | 27,191 | 1,646,962 |
Redemptions | (25,502) | (1,098,539) | (38,887) | (2,152,800) |
Net decrease | (25,117) | (1,080,546) | (9,158) | (367,056) |
Institutional Class | ||||
Subscriptions | 522,112 | 24,512,184 | 1,424,087 | 84,807,393 |
Distributions reinvested | — | — | 1,613,140 | 104,854,093 |
Redemptions | (1,479,502) | (68,343,483) | (2,479,529) | (144,313,236) |
Net increase (decrease) | (957,390) | (43,831,299) | 557,698 | 45,348,250 |
Institutional 2 Class | ||||
Subscriptions | 114,850 | 5,322,953 | 248,736 | 15,191,996 |
Distributions reinvested | — | — | 136,672 | 8,901,412 |
Redemptions | (1,341,587) | (60,037,513) | (359,667) | (21,334,730) |
Net increase (decrease) | (1,226,737) | (54,714,560) | 25,741 | 2,758,678 |
Institutional 3 Class | ||||
Subscriptions | 1,313,301 | 63,849,509 | 1,793,471 | 99,804,051 |
Distributions reinvested | — | — | 754,572 | 49,379,219 |
Redemptions | (975,665) | (47,477,294) | (1,880,381) | (116,684,279) |
Net increase | 337,636 | 16,372,215 | 667,662 | 32,498,991 |
Class R | ||||
Subscriptions | 26,600 | 1,110,792 | 36,034 | 2,024,734 |
Distributions reinvested | — | — | 13,640 | 818,807 |
Redemptions | (39,248) | (1,656,646) | (43,786) | (2,446,653) |
Net increase (decrease) | (12,648) | (545,854) | 5,888 | 396,888 |
Class V | ||||
Subscriptions | 12,345 | 520,830 | 112,136 | 6,547,297 |
Distributions reinvested | — | — | 325,429 | 19,655,902 |
Redemptions | (199,058) | (8,572,927) | (320,901) | (17,850,744) |
Net increase (decrease) | (186,713) | (8,052,097) | 116,664 | 8,352,455 |
Total net increase (decrease) | (4,112,421) | (178,400,064) | 947,479 | 99,431,405 |
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 13 |
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 1/31/2023 (Unaudited) | $47.59 | 0.00(c) | (2.78) | (2.78) | — | — | — |
Year Ended 7/31/2022 | $62.66 | (0.13) | (9.54) | (9.67) | — | (5.40) | (5.40) |
Year Ended 7/31/2021 | $50.90 | (0.11) | 18.52 | 18.41 | (0.07) | (6.58) | (6.65) |
Year Ended 7/31/2020 | $43.43 | (0.01) | 11.15 | 11.14 | — | (3.67) | (3.67) |
Year Ended 7/31/2019 | $43.86 | (0.04) | 2.98 | 2.94 | — | (3.37) | (3.37) |
Year Ended 7/31/2018 | $39.81 | (0.05) | 6.62 | 6.57 | — | (2.52) | (2.52) |
Advisor Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $52.20 | 0.06 | (3.05) | (2.99) | — | — | — |
Year Ended 7/31/2022 | $68.22 | 0.03 | (10.50) | (10.47) | — | (5.55) | (5.55) |
Year Ended 7/31/2021 | $54.87 | 0.02 | 20.10 | 20.12 | (0.19) | (6.58) | (6.77) |
Year Ended 7/31/2020 | $46.43 | 0.10 | 12.01 | 12.11 | — | (3.67) | (3.67) |
Year Ended 7/31/2019 | $46.53 | 0.07 | 3.20 | 3.27 | — | (3.37) | (3.37) |
Year Ended 7/31/2018 | $42.06 | 0.05 | 7.00 | 7.05 | (0.06) | (2.52) | (2.58) |
Class C | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $35.33 | (0.12) | (2.08) | (2.20) | — | — | — |
Year Ended 7/31/2022 | $47.73 | (0.41) | (7.05) | (7.46) | — | (4.94) | (4.94) |
Year Ended 7/31/2021 | $40.39 | (0.39) | 14.31 | 13.92 | — | (6.58) | (6.58) |
Year Ended 7/31/2020 | $35.43 | (0.27) | 8.90 | 8.63 | — | (3.67) | (3.67) |
Year Ended 7/31/2019 | $36.70 | (0.29) | 2.39 | 2.10 | — | (3.37) | (3.37) |
Year Ended 7/31/2018 | $33.95 | (0.30) | 5.57 | 5.27 | — | (2.52) | (2.52) |
Class E | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $47.01 | (0.08) | (2.75) | (2.83) | — | — | — |
Year Ended 7/31/2022 | $61.99 | (0.29) | (9.46) | (9.75) | — | (5.23) | (5.23) |
Year Ended 7/31/2021 | $50.50 | (0.26) | 18.35 | 18.09 | (0.02) | (6.58) | (6.60) |
Year Ended 7/31/2020 | $43.15 | (0.06) | 11.08 | 11.02 | — | (3.67) | (3.67) |
Year Ended 7/31/2019 | $43.65 | (0.08) | 2.95 | 2.87 | — | (3.37) | (3.37) |
Year Ended 7/31/2018 | $39.67 | (0.10) | 6.60 | 6.50 | — | (2.52) | (2.52) |
Institutional Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $50.64 | 0.06 | (2.96) | (2.90) | — | — | — |
Year Ended 7/31/2022 | $66.34 | 0.01 | (10.16) | (10.15) | — | (5.55) | (5.55) |
Year Ended 7/31/2021 | $53.52 | 0.03 | 19.56 | 19.59 | (0.19) | (6.58) | (6.77) |
Year Ended 7/31/2020 | $45.38 | 0.10 | 11.71 | 11.81 | — | (3.67) | (3.67) |
Year Ended 7/31/2019 | $45.56 | 0.06 | 3.13 | 3.19 | — | (3.37) | (3.37) |
Year Ended 7/31/2018 | $41.23 | 0.06 | 6.86 | 6.92 | (0.07) | (2.52) | (2.59) |
14 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
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 1/31/2023 (Unaudited) | $44.81 | (5.84%) | 1.01%(d),(e) | 1.01%(d),(e),(f) | 0.01%(d) | 21% | $1,990,818 |
Year Ended 7/31/2022 | $47.59 | (17.35%) | 0.98%(e) | 0.98%(e) | (0.23%) | 46% | $2,203,137 |
Year Ended 7/31/2021 | $62.66 | 39.24% | 0.99%(e) | 0.99%(e),(f) | (0.21%) | 52% | $2,900,684 |
Year Ended 7/31/2020 | $50.90 | 27.48% | 1.02% | 1.02%(f) | (0.03%) | 46% | $2,249,478 |
Year Ended 7/31/2019 | $43.43 | 7.84% | 1.04% | 1.04% | (0.10%) | 35% | $1,932,367 |
Year Ended 7/31/2018 | $43.86 | 17.26% | 1.05% | 1.05%(f) | (0.13%) | 32% | $1,976,097 |
Advisor Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $49.21 | (5.73%) | 0.76%(d),(e) | 0.76%(d),(e),(f) | 0.25%(d) | 21% | $16,648 |
Year Ended 7/31/2022 | $52.20 | (17.15%) | 0.73%(e) | 0.73%(e) | 0.05% | 46% | $17,603 |
Year Ended 7/31/2021 | $68.22 | 39.60% | 0.74%(e) | 0.74%(e),(f) | 0.03% | 52% | $20,760 |
Year Ended 7/31/2020 | $54.87 | 27.81% | 0.77% | 0.77%(f) | 0.21% | 46% | $11,934 |
Year Ended 7/31/2019 | $46.43 | 8.11% | 0.79% | 0.79% | 0.15% | 35% | $12,088 |
Year Ended 7/31/2018 | $46.53 | 17.52% | 0.80% | 0.80%(f) | 0.12% | 32% | $14,629 |
Class C | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $33.13 | (6.23%) | 1.76%(d),(e) | 1.76%(d),(e),(f) | (0.73%)(d) | 21% | $35,715 |
Year Ended 7/31/2022 | $35.33 | (17.96%) | 1.73%(e) | 1.73%(e) | (0.96%) | 46% | $44,314 |
Year Ended 7/31/2021 | $47.73 | 38.22% | 1.74%(e) | 1.74%(e),(f) | (0.93%) | 52% | $81,519 |
Year Ended 7/31/2020 | $40.39 | 26.54% | 1.77% | 1.77%(f) | (0.78%) | 46% | $86,411 |
Year Ended 7/31/2019 | $35.43 | 7.03% | 1.79% | 1.79% | (0.86%) | 35% | $78,293 |
Year Ended 7/31/2018 | $36.70 | 16.37% | 1.80% | 1.80%(f) | (0.87%) | 32% | $75,872 |
Class E | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $44.18 | (6.02%) | 1.38%(d),(e) | 1.37%(d),(e),(f) | (0.35%)(d) | 21% | $13,009 |
Year Ended 7/31/2022 | $47.01 | (17.61%) | 1.28%(e) | 1.28%(e) | (0.53%) | 46% | $15,022 |
Year Ended 7/31/2021 | $61.99 | 38.87% | 1.27%(e) | 1.26%(e),(f) | (0.48%) | 52% | $20,376 |
Year Ended 7/31/2020 | $50.50 | 27.37% | 1.12% | 1.12%(f) | (0.13%) | 46% | $17,216 |
Year Ended 7/31/2019 | $43.15 | 7.71% | 1.14% | 1.14% | (0.20%) | 35% | $15,875 |
Year Ended 7/31/2018 | $43.65 | 17.14% | 1.15% | 1.15%(f) | (0.23%) | 32% | $16,877 |
Institutional Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $47.74 | (5.73%) | 0.76%(d),(e) | 0.76%(d),(e),(f) | 0.26%(d) | 21% | $960,138 |
Year Ended 7/31/2022 | $50.64 | (17.15%) | 0.73%(e) | 0.73%(e) | 0.02% | 46% | $1,066,894 |
Year Ended 7/31/2021 | $66.34 | 39.61% | 0.74%(e) | 0.74%(e),(f) | 0.04% | 52% | $1,360,640 |
Year Ended 7/31/2020 | $53.52 | 27.79% | 0.77% | 0.77%(f) | 0.22% | 46% | $1,062,936 |
Year Ended 7/31/2019 | $45.38 | 8.11% | 0.79% | 0.79% | 0.15% | 35% | $975,664 |
Year Ended 7/31/2018 | $45.56 | 17.54% | 0.80% | 0.80%(f) | 0.13% | 32% | $996,845 |
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 15 |
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 2 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $50.75 | 0.11 | (3.01) | (2.90) | — | — | — |
Year Ended 7/31/2022 | $66.47 | 0.02 | (10.18) | (10.16) | — | (5.56) | (5.56) |
Year Ended 7/31/2021 | $53.62 | (0.00)(c) | 19.64 | 19.64 | (0.21) | (6.58) | (6.79) |
Year Ended 7/31/2020 | $45.44 | 0.12 | 11.73 | 11.85 | — | (3.67) | (3.67) |
Year Ended 7/31/2019 | $45.59 | 0.09 | 3.13 | 3.22 | — | (3.37) | (3.37) |
Year Ended 7/31/2018 | $41.25 | 0.08 | 6.87 | 6.95 | (0.09) | (2.52) | (2.61) |
Institutional 3 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $51.01 | 0.08 | (2.98) | (2.90) | — | — | — |
Year Ended 7/31/2022 | $66.78 | 0.05 | (10.23) | (10.18) | — | (5.59) | (5.59) |
Year Ended 7/31/2021 | $53.84 | 0.05 | 19.70 | 19.75 | (0.23) | (6.58) | (6.81) |
Year Ended 7/31/2020 | $45.59 | 0.14 | 11.78 | 11.92 | — | (3.67) | (3.67) |
Year Ended 7/31/2019 | $45.70 | 0.11 | 3.15 | 3.26 | — | (3.37) | (3.37) |
Year Ended 7/31/2018 | $41.35 | 0.09 | 6.88 | 6.97 | (0.10) | (2.52) | (2.62) |
Class R | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $46.62 | (0.05) | (2.73) | (2.78) | — | — | — |
Year Ended 7/31/2022 | $61.49 | (0.26) | (9.36) | (9.62) | — | (5.25) | (5.25) |
Year Ended 7/31/2021 | $50.11 | (0.23) | 18.19 | 17.96 | — | (6.58) | (6.58) |
Year Ended 7/31/2020 | $42.92 | (0.12) | 10.98 | 10.86 | — | (3.67) | (3.67) |
Year Ended 7/31/2019 | $43.49 | (0.14) | 2.94 | 2.80 | — | (3.37) | (3.37) |
Year Ended 7/31/2018 | $39.59 | (0.14) | 6.56 | 6.42 | — | (2.52) | (2.52) |
Class V | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $46.98 | 0.00(c) | (2.74) | (2.74) | — | — | — |
Year Ended 7/31/2022 | $61.93 | (0.13) | (9.42) | (9.55) | — | (5.40) | (5.40) |
Year Ended 7/31/2021 | $50.37 | (0.11) | 18.32 | 18.21 | (0.07) | (6.58) | (6.65) |
Year Ended 7/31/2020 | $43.01 | (0.01) | 11.04 | 11.03 | — | (3.67) | (3.67) |
Year Ended 7/31/2019 | $43.47 | (0.04) | 2.95 | 2.91 | — | (3.37) | (3.37) |
Year Ended 7/31/2018 | $39.48 | (0.05) | 6.56 | 6.51 | — | (2.52) | (2.52) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Rounds to zero. |
(d) | Annualized. |
(e) | 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%. |
16 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
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 2 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $47.85 | (5.71%) | 0.72%(d),(e) | 0.72%(d),(e) | 0.44%(d) | 21% | $20,349 |
Year Ended 7/31/2022 | $50.75 | (17.13%) | 0.71%(e) | 0.71%(e) | 0.04% | 46% | $83,838 |
Year Ended 7/31/2021 | $66.47 | 39.63% | 0.72%(e) | 0.72%(e) | (0.00%)(c) | 52% | $108,093 |
Year Ended 7/31/2020 | $53.62 | 27.84% | 0.73% | 0.73% | 0.26% | 46% | $17,929 |
Year Ended 7/31/2019 | $45.44 | 8.17% | 0.74% | 0.74% | 0.20% | 35% | $13,783 |
Year Ended 7/31/2018 | $45.59 | 17.63% | 0.73% | 0.73% | 0.19% | 32% | $12,715 |
Institutional 3 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $48.11 | (5.69%) | 0.68%(d),(e) | 0.68%(d),(e) | 0.34%(d) | 21% | $680,602 |
Year Ended 7/31/2022 | $51.01 | (17.09%) | 0.66%(e) | 0.66%(e) | 0.09% | 46% | $704,377 |
Year Ended 7/31/2021 | $66.78 | 39.70% | 0.66%(e) | 0.66%(e) | 0.09% | 52% | $877,535 |
Year Ended 7/31/2020 | $53.84 | 27.91% | 0.68% | 0.68% | 0.31% | 46% | $526,471 |
Year Ended 7/31/2019 | $45.59 | 8.24% | 0.69% | 0.69% | 0.26% | 35% | $394,049 |
Year Ended 7/31/2018 | $45.70 | 17.65% | 0.69% | 0.69% | 0.20% | 32% | $428,819 |
Class R | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $43.84 | (5.96%) | 1.26%(d),(e) | 1.26%(d),(e),(f) | (0.23%)(d) | 21% | $7,009 |
Year Ended 7/31/2022 | $46.62 | (17.56%) | 1.23%(e) | 1.23%(e) | (0.48%) | 46% | $8,043 |
Year Ended 7/31/2021 | $61.49 | 38.92% | 1.24%(e) | 1.24%(e),(f) | (0.44%) | 52% | $10,247 |
Year Ended 7/31/2020 | $50.11 | 27.14% | 1.27% | 1.27%(f) | (0.28%) | 46% | $11,856 |
Year Ended 7/31/2019 | $42.92 | 7.57% | 1.29% | 1.29% | (0.35%) | 35% | $13,233 |
Year Ended 7/31/2018 | $43.49 | 16.96% | 1.30% | 1.30%(f) | (0.35%) | 32% | $15,911 |
Class V | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $44.24 | (5.83%) | 1.01%(d),(e) | 1.01%(d),(e),(f) | 0.01%(d) | 21% | $217,869 |
Year Ended 7/31/2022 | $46.98 | (17.36%) | 0.98%(e) | 0.98%(e) | (0.23%) | 46% | $240,158 |
Year Ended 7/31/2021 | $61.93 | 39.26% | 0.99%(e) | 0.99%(e),(f) | (0.21%) | 52% | $309,330 |
Year Ended 7/31/2020 | $50.37 | 27.49% | 1.02% | 1.02%(f) | (0.03%) | 46% | $241,606 |
Year Ended 7/31/2019 | $43.01 | 7.84% | 1.04% | 1.04% | (0.11%) | 35% | $205,528 |
Year Ended 7/31/2018 | $43.47 | 17.25% | 1.05% | 1.05%(f) | (0.13%) | 32% | $208,329 |
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 17 |
January 31, 2023 (Unaudited)
18 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 19 |
January 31, 2023 (Unaudited)
20 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (4,124,735) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (477,343) |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 24,927,926 |
* | Based on the ending daily outstanding amounts for the six months ended January 31, 2023. |
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 21 |
January 31, 2023 (Unaudited)
22 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Effective rate (%) | |
Class A | 0.09 |
Advisor Class | 0.09 |
Class C | 0.09 |
Class E | 0.36 |
Institutional Class | 0.09 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Class R | 0.09 |
Class V | 0.09 |
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 23 |
January 31, 2023 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 193,318 |
Class C | — | 1.00(b) | 1,481 |
Class E | 4.50 | 1.00(b) | 354 |
Class V | 5.75 | 0.50 - 1.00(a) | 441 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
24 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
December 1, 2022 through November 30, 2023 | Prior to December 1, 2022 | |
Class A | 1.09% | 1.10% |
Advisor Class | 0.84 | 0.85 |
Class C | 1.84 | 1.85 |
Class E | 1.44 | 1.36 |
Institutional Class | 0.84 | 0.85 |
Institutional 2 Class | 0.81 | 0.83 |
Institutional 3 Class | 0.76 | 0.79 |
Class R | 1.34 | 1.35 |
Class V | 1.09 | 1.10 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
2,226,738,000 | 1,816,663,000 | (64,304,000) | 1,752,359,000 |
Late year ordinary losses ($) | Post-October capital losses ($) |
6,548,768 | 50,324,805 |
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 25 |
January 31, 2023 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 750,000 | 3.35 | 4 |
26 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Columbia Large Cap Growth Fund | Semiannual Report 2023 | 27 |
January 31, 2023 (Unaudited)
28 | Columbia Large Cap Growth Fund | Semiannual Report 2023 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
January 31, 2023 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended January 31, 2023) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 11/01/02 | 0.73 | -2.44 | 1.38 | 1.48 |
Including sales charges | -2.27 | -5.38 | 0.77 | 1.17 | ||
Advisor Class* | 03/19/13 | 0.77 | -2.20 | 1.64 | 1.73 | |
Class C | Excluding sales charges | 10/13/03 | 0.50 | -2.88 | 0.93 | 1.03 |
Including sales charges | -0.50 | -3.84 | 0.93 | 1.03 | ||
Institutional Class | 07/02/84 | 0.85 | -2.20 | 1.64 | 1.73 | |
Institutional 2 Class | 11/08/12 | 0.87 | -2.17 | 1.67 | 1.77 | |
Institutional 3 Class* | 03/01/17 | 0.81 | -2.11 | 1.72 | 1.77 | |
Bloomberg 3-15 Year Blend Municipal Bond Index | 1.01 | -1.59 | 2.17 | 2.28 |
* | 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 Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 3 |
(Unaudited)
Quality breakdown (%) (at January 31, 2023) | |
AAA rating | 6.4 |
AA rating | 69.6 |
A rating | 16.6 |
BBB rating | 1.6 |
BB rating | 0.9 |
Not rated | 4.9 |
Total | 100.0 |
4 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
(Unaudited)
August 1, 2022 — January 31, 2023 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,007.30 | 1,021.35 | 4.14 | 4.17 | 0.81 |
Advisor Class | 1,000.00 | 1,000.00 | 1,007.70 | 1,022.63 | 2.86 | 2.89 | 0.56 |
Class C | 1,000.00 | 1,000.00 | 1,005.00 | 1,019.06 | 6.44 | 6.48 | 1.26 |
Institutional Class | 1,000.00 | 1,000.00 | 1,008.50 | 1,022.63 | 2.87 | 2.89 | 0.56 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,008.70 | 1,022.78 | 2.71 | 2.73 | 0.53 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,008.10 | 1,023.03 | 2.46 | 2.47 | 0.48 |
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 5 |
January 31, 2023 (Unaudited)
Municipal Bonds 98.2% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Airport 5.3% | ||||
Port of Portland | ||||
Refunding Revenue Bonds | ||||
Portland International Airport | ||||
Series 2015-23 | ||||
07/01/2028 | 5.000% | 1,240,000 | 1,318,592 | |
07/01/2031 | 5.000% | 1,750,000 | 1,855,510 | |
07/01/2032 | 5.000% | 2,000,000 | 2,118,673 | |
Port of Portland(a) | ||||
Revenue Bonds | ||||
Portland International Airport | ||||
Series 2022 | ||||
07/01/2039 | 4.000% | 5,000,000 | 4,935,752 | |
Port of Portland Airport(a) | ||||
Revenue Bonds | ||||
Portland International Airport | ||||
Series 2019 | ||||
07/01/2035 | 5.000% | 1,680,000 | 1,825,378 | |
07/01/2036 | 5.000% | 650,000 | 700,879 | |
Series 2020A-27 | ||||
07/01/2030 | 5.000% | 3,000,000 | 3,389,460 | |
Total | 16,144,244 | |||
Charter Schools 0.2% | ||||
Oregon State Facilities Authority(b) | ||||
Revenue Bonds | ||||
Redmond Proficiency Academy Project | ||||
Series 2015 | ||||
06/15/2025 | 4.750% | 200,000 | 200,693 | |
06/15/2035 | 5.500% | 540,000 | 543,890 | |
Total | 744,583 | |||
Higher Education 1.6% | ||||
City of Forest Grove | ||||
Refunding Revenue Bonds | ||||
Campus Improvement Pacific University Project | ||||
Series 2015 | ||||
05/01/2030 | 5.000% | 550,000 | 570,299 | |
05/01/2036 | 5.000% | 1,500,000 | 1,538,141 | |
Oak Tree Foundation Project | ||||
Series 2017 | ||||
03/01/2024 | 5.000% | 250,000 | 253,563 | |
03/01/2025 | 5.000% | 200,000 | 205,074 | |
Pacific University | ||||
Series 2022 | ||||
05/01/2037 | 4.000% | 635,000 | 618,201 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
County of Yamhill | ||||
Refunding Revenue Bonds | ||||
George Fox University Project | ||||
Series 2021 | ||||
12/01/2036 | 4.000% | 500,000 | 507,488 | |
Oregon State Facilities Authority | ||||
Refunding Revenue Bonds | ||||
University of Portland | ||||
Series 2015A | ||||
04/01/2030 | 5.000% | 500,000 | 523,887 | |
04/01/2031 | 5.000% | 530,000 | 554,895 | |
Total | 4,771,548 | |||
Hospital 12.9% | ||||
Klamath Falls Intercommunity Hospital Authority | ||||
Refunding Revenue Bonds | ||||
Sky Lakes Medical Center Project | ||||
Series 2016 | ||||
09/01/2028 | 5.000% | 265,000 | 281,317 | |
09/01/2030 | 5.000% | 830,000 | 878,932 | |
09/01/2031 | 5.000% | 500,000 | 529,224 | |
09/01/2032 | 5.000% | 270,000 | 285,476 | |
Medford Hospital Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Asante Project | ||||
Series 2020A | ||||
08/15/2033 | 5.000% | 1,200,000 | 1,358,412 | |
08/15/2037 | 5.000% | 2,900,000 | 3,178,408 | |
08/15/2039 | 4.000% | 1,100,000 | 1,115,140 | |
Oregon Health & Science University | ||||
Refunding Revenue Bonds | ||||
Series 2016B | ||||
07/01/2034 | 5.000% | 7,500,000 | 8,029,726 | |
Series 2019A | ||||
07/01/2032 | 5.000% | 5,175,000 | 6,026,507 | |
Series 2021B-2 (Mandatory Put 02/01/32) | ||||
07/01/2046 | 5.000% | 1,235,000 | 1,457,026 | |
Revenue Bonds | ||||
Green Bonds | ||||
Series 2021A | ||||
07/01/2038 | 5.000% | 1,000,000 | 1,143,918 | |
Oregon State Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Legacy Health Project | ||||
Series 2016A | ||||
06/01/2033 | 5.000% | 1,600,000 | 1,699,316 | |
06/01/2034 | 5.000% | 3,185,000 | 3,373,957 | |
PeaceHealth Project | ||||
Series 2014A | ||||
11/15/2029 | 5.000% | 1,600,000 | 1,640,304 |
6 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Salem Hospital Facility Authority | ||||
Refunding Revenue Bonds | ||||
Salem Health Project | ||||
Series 2016A | ||||
05/15/2029 | 5.000% | 1,000,000 | 1,065,801 | |
05/15/2030 | 5.000% | 1,000,000 | 1,065,305 | |
05/15/2031 | 5.000% | 1,025,000 | 1,091,624 | |
Series 2019 | ||||
05/15/2037 | 5.000% | 2,305,000 | 2,486,115 | |
Salem Health Projects | ||||
Series 2016A | ||||
05/15/2041 | 4.000% | 2,500,000 | 2,504,654 | |
Total | 39,211,162 | |||
Local General Obligation 32.3% | ||||
Benton & Linn Counties Consolidated School District No. 509J & 509A Corvallis(c) | ||||
Unlimited General Obligation Bonds | ||||
Series 2018A | ||||
06/15/2038 | 5.000% | 500,000 | 550,372 | |
Blue Mountain Community College District | ||||
Unlimited General Obligation Bonds | ||||
Series 2015 | ||||
06/15/2029 | 4.000% | 1,000,000 | 1,042,564 | |
Boardman Park & Recreation District | ||||
Unlimited General Obligation Bonds | ||||
Series 2015 | ||||
06/15/2035 | 5.250% | 3,400,000 | 3,498,484 | |
Canyonville South Umpqua Rural Fire Protection District | ||||
Unlimited General Obligation Bonds | ||||
Series 2001 | ||||
07/01/2031 | 5.400% | 560,000 | 561,308 | |
Central Oregon Community College | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2021 | ||||
06/15/2028 | 4.000% | 525,000 | 570,516 | |
Chemeketa Community College District | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2014 | ||||
06/15/2026 | 5.000% | 1,100,000 | 1,138,600 | |
Series 2015 | ||||
06/15/2026 | 4.000% | 1,745,000 | 1,818,512 | |
City of Albany | ||||
Limited General Obligation Refunding Bonds | ||||
Series 2013 | ||||
08/01/2023 | 4.000% | 1,290,000 | 1,300,247 | |
City of Lebanon | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2015 | ||||
06/01/2026 | 5.000% | 1,675,000 | 1,773,283 | |
06/01/2027 | 5.000% | 1,715,000 | 1,812,428 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
City of Portland | ||||
Limited General Obligation Bonds | ||||
Limited Tax Sellwood Bridge Project | ||||
Series 2014 | ||||
06/01/2024 | 5.000% | 1,985,000 | 2,054,992 | |
Limited General Obligation Refunding Bonds | ||||
Series 2021A | ||||
06/01/2029 | 5.000% | 2,000,000 | 2,336,108 | |
Unlimited General Obligation Refunding Bonds | ||||
Public Safety Projects and Emergency Facilities | ||||
Series 2014 | ||||
06/15/2024 | 5.000% | 1,885,000 | 1,953,478 | |
City of Redmond | ||||
Limited General Obligation Bonds | ||||
Series 2014A | ||||
06/01/2027 | 5.000% | 685,000 | 708,330 | |
City of Salem | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2017 | ||||
06/01/2030 | 4.000% | 2,000,000 | 2,140,105 | |
City of Sisters | ||||
Limited General Obligation Refunding Bonds | ||||
Series 2016 | ||||
12/01/2035 | 4.000% | 620,000 | 629,687 | |
Clackamas & Washington Counties School District No. 3 | ||||
Unlimited General Obligation Bonds | ||||
Series 2020B | ||||
06/15/2028 | 5.000% | 275,000 | 314,011 | |
06/15/2029 | 5.000% | 435,000 | 507,093 | |
Clackamas Community College District(c) | ||||
Unlimited General Obligation Bonds | ||||
Convertible Deferred Interest | ||||
Series 2017A | ||||
06/15/2038 | 5.000% | 760,000 | 827,965 | |
Clackamas County School District No. 108 Estacada | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2005 (AGM) | ||||
06/15/2025 | 5.500% | 2,485,000 | 2,670,880 | |
Clackamas County School District No. 12 North Clackamas | ||||
Unlimited General Obligation Bonds | ||||
Series 2017B | ||||
06/15/2033 | 5.000% | 3,500,000 | 3,875,254 | |
Clatsop County School District No. 1-C | ||||
Unlimited General Obligation Bonds | ||||
Astoria | ||||
06/15/2035 | 5.000% | 1,000,000 | 1,137,805 | |
Clatsop County School District No. 30 Warrenton-Hammond(d) | ||||
Unlimited General Obligation Bonds | ||||
Deferred Interest | ||||
Series 2019 | ||||
06/15/2035 | 0.000% | 1,000,000 | 623,161 |
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 7 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Columbia County School District No. 502(d) | ||||
Unlimited General Obligation Bonds | ||||
Deferred Interest | ||||
Series 2020A | ||||
06/15/2033 | 0.000% | 300,000 | 208,541 | |
Coos County School District No. 9 Coos Bay | ||||
Unlimited General Obligation Bonds | ||||
Series 2018 | ||||
06/15/2034 | 5.000% | 500,000 | 565,508 | |
06/15/2035 | 5.000% | 1,000,000 | 1,122,982 | |
Deschutes & Jefferson Counties School District No. 2J Redmond | ||||
Unlimited General Obligation Bonds | ||||
Series 2021 | ||||
06/15/2038 | 4.000% | 650,000 | 680,286 | |
Deschutes County School District No. 6 Sisters | ||||
Unlimited General Obligation Bonds | ||||
Series 2021 | ||||
06/15/2028 | 5.000% | 335,000 | 381,611 | |
06/15/2033 | 4.000% | 380,000 | 419,838 | |
Hillsboro School District No. 1J | ||||
Unlimited General Obligation Bonds | ||||
Washington, Yamhill and Multnomah Counties | ||||
Series 2017 | ||||
06/15/2035 | 5.000% | 2,500,000 | 2,750,584 | |
Series 2020 | ||||
06/15/2029 | 5.000% | 550,000 | 637,960 | |
06/15/2038 | 4.000% | 2,500,000 | 2,584,380 | |
Jackson County School District No. 4(d) | ||||
Unlimited General Obligation Bonds | ||||
Series 2018A | ||||
06/15/2033 | 0.000% | 1,000,000 | 680,029 | |
Jackson County School District No. 5 Ashland | ||||
Unlimited General Obligation Bonds | ||||
Series 2019 | ||||
06/15/2036 | 5.000% | 3,000,000 | 3,377,431 | |
Jackson County School District No. 549C Medford | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2015 | ||||
12/15/2023 | 5.000% | 1,000,000 | 1,022,435 | |
Jackson County School District No. 6 Central Point | ||||
Unlimited General Obligation Bonds | ||||
Series 2019A | ||||
06/15/2036 | 4.000% | 1,145,000 | 1,203,037 | |
Lane Community College | ||||
Unlimited General Obligation Bonds | ||||
Series 2020A | ||||
06/15/2033 | 4.000% | 1,000,000 | 1,096,984 | |
06/15/2037 | 4.000% | 2,000,000 | 2,083,295 | |
Lane County School District No. 1 Pleasant Hill(d) | ||||
Unlimited General Obligation Bonds | ||||
Series 2014B | ||||
06/15/2029 | 0.000% | 1,775,000 | 1,453,951 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Lane County School District No. 19 Springfield(d) | ||||
Unlimited General Obligation Bonds | ||||
Series 2015B | ||||
06/15/2033 | 0.000% | 3,770,000 | 2,713,120 | |
Unlimited General Obligation Refunding Bonds | ||||
Series 2015D | ||||
06/15/2024 | 0.000% | 2,305,000 | 2,223,132 | |
06/15/2028 | 0.000% | 1,480,000 | 1,284,558 | |
Lane County School District No. 52 Bethel | ||||
Unlimited General Obligation Bonds | ||||
Series 2021B | ||||
06/15/2035 | 4.000% | 1,590,000 | 1,707,465 | |
Linn & Benton Counties School District No. 8J Greater Albany | ||||
Unlimited General Obligation Bonds | ||||
Series 2017 | ||||
06/15/2030 | 5.000% | 1,000,000 | 1,113,809 | |
Marion County School District No. 15 North Marion | ||||
Unlimited General Obligation Bonds | ||||
Series 2018B | ||||
06/15/2032 | 5.000% | 1,000,000 | 1,143,732 | |
06/15/2033 | 5.000% | 240,000 | 273,880 | |
Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow(d) | ||||
Unlimited General Obligation Bonds | ||||
Series 2017A | ||||
06/15/2033 | 0.000% | 4,000,000 | 2,662,206 | |
Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow | ||||
Unlimited General Obligation Bonds | ||||
Series 2017B | ||||
06/15/2031 | 5.000% | 3,000,000 | 3,328,224 | |
Multnomah County School District No. 1 Portland | ||||
Unlimited General Obligation Bonds | ||||
Series 2020 | ||||
06/15/2029 | 5.000% | 2,680,000 | 3,124,157 | |
Multnomah County School District No. 7 Reynolds(d) | ||||
Unlimited General Obligation Bonds | ||||
Deferred Interest | ||||
Series 2015B | ||||
06/15/2030 | 0.000% | 4,000,000 | 3,011,528 | |
Polk Marion & Benton Counties School District No. 13J Central | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2015 | ||||
02/01/2027 | 4.000% | 750,000 | 776,170 | |
02/01/2028 | 4.000% | 1,000,000 | 1,035,332 | |
Portland Community College District | ||||
Unlimited General Obligation Bonds | ||||
Series 2018 | ||||
06/15/2029 | 5.000% | 1,000,000 | 1,089,899 | |
Unlimited General Obligation Refunding Bonds | ||||
Series 2016 | ||||
06/15/2027 | 5.000% | 2,100,000 | 2,290,931 |
8 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Salem-Keizer School District No. 24J | ||||
Unlimited General Obligation Bonds | ||||
Series 2018 | ||||
06/15/2035 | 4.000% | 1,000,000 | 1,054,181 | |
Series 2020B | ||||
06/15/2033 | 5.000% | 1,450,000 | 1,698,107 | |
06/15/2034 | 5.000% | 2,000,000 | 2,336,713 | |
Washington Clackamas & Yamhill Counties School District No. 88J(d) | ||||
Unlimited General Obligation Bonds | ||||
Deferred Interest | ||||
Series 2018A | ||||
06/15/2037 | 0.000% | 3,500,000 | 1,948,767 | |
Washington Clackamas & Yamhill Counties School District No. 88J | ||||
Unlimited General Obligation Bonds | ||||
Sherwood College | ||||
Series 2017B | ||||
06/15/2031 | 5.000% | 4,500,000 | 4,990,361 | |
Yamhill Clackamas & Washington Counties School District No. 29J Newberg | ||||
Unlimited General Obligation Bonds | ||||
Series 2021B | ||||
06/15/2028 | 4.000% | 2,000,000 | 2,177,621 | |
06/15/2029 | 4.000% | 2,000,000 | 2,200,701 | |
Total | 98,298,629 | |||
Multi-Family 1.7% | ||||
Oregon State Facilities Authority(b) | ||||
Revenue Bonds | ||||
College Housing Northwest Project | ||||
Series 2016A | ||||
10/01/2026 | 4.000% | 300,000 | 293,485 | |
10/01/2036 | 5.000% | 1,000,000 | 959,752 | |
State of Oregon Housing & Community Services Department(c) | ||||
Revenue Bonds | ||||
Plaza Los Amigos Apartments Project | ||||
Series 2022 (Mandatory Put 02/01/25) | ||||
02/01/2026 | 3.000% | 2,000,000 | 1,975,371 | |
State of Oregon Housing & Community Services Department | ||||
Revenue Bonds | ||||
Susan Emmons Apartment Project (The) | ||||
Series 2021 (HUD) (Mandatory Put 12/01/23) | ||||
06/01/2024 | 0.380% | 2,000,000 | 1,941,807 | |
Total | 5,170,415 | |||
Municipal Power 2.2% | ||||
Central Lincoln People’s Utility District JATC, Inc. | ||||
Revenue Bonds | ||||
Series 2016 | ||||
12/01/2033 | 5.000% | 350,000 | 371,953 | |
12/01/2034 | 5.000% | 400,000 | 425,090 | |
12/01/2035 | 5.000% | 410,000 | 435,486 | |
12/01/2036 | 5.000% | 440,000 | 467,104 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
City of Eugene Electric Utility System | ||||
Revenue Bonds | ||||
Series 2017 | ||||
08/01/2029 | 5.000% | 530,000 | 589,646 | |
08/01/2030 | 5.000% | 420,000 | 466,319 | |
08/01/2031 | 5.000% | 450,000 | 496,999 | |
08/01/2032 | 5.000% | 250,000 | 275,439 | |
Northern Wasco County Peoples Utility District | ||||
Revenue Bonds | ||||
Series 2016 | ||||
12/01/2031 | 5.000% | 1,455,000 | 1,584,401 | |
12/01/2036 | 5.000% | 1,545,000 | 1,673,001 | |
Total | 6,785,438 | |||
Other Bond Issue 0.9% | ||||
Oregon State Business Development Commission | ||||
Revenue Bonds | ||||
Intel Corp. Project | ||||
Series 2018-232 (Mandatory Put 08/14/23) | ||||
12/01/2040 | 2.400% | 2,000,000 | 1,991,880 | |
Warm Springs Reservation Confederated Tribe(b),(e) | ||||
Refunding Revenue Bonds | ||||
Green Bonds - Pelton-Round Butte Project | ||||
Series 2019 | ||||
11/01/2036 | 5.000% | 590,000 | 653,523 | |
Total | 2,645,403 | |||
Pool / Bond Bank 0.7% | ||||
Oregon State Bond Bank | ||||
Refunding Revenue Bonds | ||||
Series 2018A | ||||
01/01/2028 | 5.000% | 850,000 | 915,498 | |
01/01/2029 | 5.000% | 1,120,000 | 1,205,645 | |
Total | 2,121,143 | |||
Ports 0.8% | ||||
Port of Morrow | ||||
Limited General Obligation Refunding Bonds | ||||
Subordinated Series 2021D | ||||
12/01/2034 | 4.000% | 1,250,000 | 1,299,617 | |
12/01/2035 | 4.000% | 1,290,000 | 1,327,451 | |
Total | 2,627,068 | |||
Refunded / Escrowed 8.6% | ||||
Clackamas County School District No. 12 North Clackamas | ||||
Prerefunded 06/15/24 Unlimited General Obligation Bonds | ||||
Series 2014 | ||||
06/15/2029 | 5.000% | 1,500,000 | 1,553,596 | |
Klamath Falls City Schools | ||||
Prerefunded 06/15/25 Unlimited General Obligation Bonds | ||||
Series 2015A | ||||
06/15/2028 | 4.000% | 500,000 | 519,659 |
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 9 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Lane County School District No. 19 Springfield | ||||
Prerefunded 06/15/25 Unlimited General Obligation Bonds | ||||
Series 2015A | ||||
06/15/2031 | 5.000% | 2,000,000 | 2,126,885 | |
Oregon State Facilities Authority | ||||
Prerefunded 07/01/27 Revenue Bonds | ||||
Reed College Project | ||||
Series 2017A | ||||
07/01/2032 | 4.000% | 250,000 | 269,597 | |
Port of Morrow | ||||
Prerefunded 06/01/23 Limited General Obligation Bonds | ||||
Series 2016 | ||||
12/01/2036 | 5.000% | 1,160,000 | 1,169,745 | |
Puerto Rico Public Finance Corp.(e) | ||||
Unrefunded Revenue Bonds | ||||
Commonwealth Appropriation | ||||
Series 2002E Escrowed to Maturity | ||||
08/01/2026 | 6.000% | 5,000,000 | 5,585,504 | |
Tri-County Metropolitan Transportation District of Oregon | ||||
Prerefunded 09/01/26 Revenue Bonds | ||||
Senior Lien | ||||
Series 2016 | ||||
09/01/2031 | 4.000% | 1,000,000 | 1,063,702 | |
09/01/2032 | 4.000% | 1,250,000 | 1,329,628 | |
Senior Lien Payroll Tax | ||||
Series 2017A | ||||
09/01/2032 | 5.000% | 1,595,000 | 1,751,293 | |
Prerefunded 09/01/27 Revenue Bonds | ||||
Series 2018A | ||||
09/01/2034 | 5.000% | 550,000 | 618,597 | |
09/01/2035 | 5.000% | 800,000 | 899,778 | |
Umatilla County School District No. 16R Pendleton | ||||
Prerefunded 06/15/24 Unlimited General Obligation Bonds | ||||
Series 2014A | ||||
06/15/2030 | 5.000% | 1,110,000 | 1,149,661 | |
06/15/2031 | 5.000% | 2,890,000 | 2,993,262 | |
Union County School District No. 1 La Grande | ||||
Prerefunded 06/15/25 Unlimited General Obligation Bonds | ||||
Series 2015 | ||||
06/15/2030 | 4.000% | 1,000,000 | 1,040,495 | |
Washington & Multnomah Counties School District No. 48J Beaverton | ||||
Prerefunded 06/15/24 Unlimited General Obligation Bonds | ||||
Series 2014 | ||||
06/15/2033 | 5.000% | 4,000,000 | 4,142,922 | |
Total | 26,214,324 | |||
Retirement Communities 2.7% | ||||
Clackamas County Hospital Facility Authority | ||||
Revenue Bonds | ||||
Mary’s Woods at Marylhurst, Inc. | ||||
Series 2018 | ||||
05/15/2038 | 5.000% | 220,000 | 205,258 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Hospital Facilities Authority of Multnomah County | ||||
Refunding Revenue Bonds | ||||
Mirabella at South Waterfront | ||||
Series 2014A | ||||
10/01/2034 | 5.125% | 4,000,000 | 4,006,345 | |
Terwilliger Plaza, Inc. | ||||
Series 2016 | ||||
12/01/2030 | 5.000% | 325,000 | 325,988 | |
12/01/2036 | 5.000% | 900,000 | 880,603 | |
Medford Hospital Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Rogue Valley Manor | ||||
Series 2013 | ||||
10/01/2023 | 5.000% | 645,000 | 652,447 | |
10/01/2024 | 5.000% | 455,000 | 460,636 | |
Salem Hospital Facility Authority | ||||
Refunding Revenue Bonds | ||||
Capital Manor Project | ||||
Series 2022 | ||||
05/15/2040 | 4.000% | 800,000 | 672,714 | |
Revenue Bonds | ||||
Capital Manor Project | ||||
Series 2018 | ||||
05/15/2033 | 5.000% | 550,000 | 554,276 | |
05/15/2038 | 5.000% | 500,000 | 500,652 | |
Total | 8,258,919 | |||
Single Family 2.4% | ||||
State of Oregon Housing & Community Services Department | ||||
Revenue Bonds | ||||
Series 2017D | ||||
07/01/2032 | 3.150% | 1,485,000 | 1,478,449 | |
Series 2020A | ||||
07/01/2028 | 1.700% | 1,040,000 | 961,268 | |
01/01/2029 | 1.750% | 1,010,000 | 929,642 | |
Series 2020C | ||||
07/01/2035 | 2.000% | 2,000,000 | 1,706,462 | |
Single-Family Mortgage Program | ||||
Series 2021A | ||||
01/01/2027 | 0.800% | 895,000 | 818,242 | |
07/01/2027 | 0.950% | 1,015,000 | 924,061 | |
01/01/2029 | 1.200% | 250,000 | 221,515 | |
01/01/2030 | 1.450% | 375,000 | 330,111 | |
Total | 7,369,750 |
10 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Special Non Property Tax 9.1% | ||||
Metro | ||||
Revenue Bonds | ||||
Convention Center Hotel | ||||
Series 2017 | ||||
06/15/2030 | 5.000% | 435,000 | 479,928 | |
06/15/2031 | 5.000% | 725,000 | 797,354 | |
06/15/2032 | 5.000% | 780,000 | 855,475 | |
Oregon State Lottery | ||||
Refunding Revenue Bonds | ||||
Series 2014B | ||||
04/01/2027 | 5.000% | 1,750,000 | 1,802,155 | |
Series 2015D | ||||
04/01/2027 | 5.000% | 2,500,000 | 2,640,767 | |
Revenue Bonds | ||||
Series 2019A | ||||
04/01/2036 | 5.000% | 1,000,000 | 1,126,223 | |
State of Oregon Department of Transportation | ||||
Refunding Revenue Bonds | ||||
Senior Lien | ||||
Series 2017B | ||||
11/15/2026 | 5.000% | 4,000,000 | 4,411,009 | |
Senior Lien User Tax | ||||
Series 2017C | ||||
11/15/2026 | 5.000% | 1,000,000 | 1,102,752 | |
Subordinated Series 2019A | ||||
11/15/2036 | 5.000% | 2,000,000 | 2,269,545 | |
11/15/2038 | 5.000% | 1,020,000 | 1,143,945 | |
Revenue Bonds | ||||
Series 2022A | ||||
11/15/2040 | 5.000% | 2,000,000 | 2,313,654 | |
Subordinated Series 2020A | ||||
11/15/2037 | 5.000% | 4,850,000 | 5,561,170 | |
Tri-County Metropolitan Transportation District of Oregon | ||||
Revenue Bonds | ||||
Series 2019A | ||||
09/01/2037 | 5.000% | 1,500,000 | 1,690,304 | |
09/01/2039 | 4.000% | 1,460,000 | 1,510,521 | |
Total | 27,704,802 | |||
Special Property Tax 0.6% | ||||
City of Keizer | ||||
Special Assessment Bonds | ||||
Keizer Station Area | ||||
Series 2008A | ||||
06/01/2031 | 5.200% | 1,745,000 | 1,779,611 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
State General Obligation 6.0% | ||||
State of Oregon | ||||
Limited General Obligation Refunding Bonds | ||||
Veterans Welfare Bonds | ||||
Series 2020I | ||||
12/01/2030 | 1.950% | 555,000 | 499,605 | |
12/01/2031 | 2.000% | 450,000 | 402,857 | |
Unlimited General Obligation Bonds | ||||
Article XI - Q State Project | ||||
Series 2017A | ||||
05/01/2026 | 5.000% | 1,250,000 | 1,362,854 | |
Series 2021 | ||||
05/01/2031 | 5.000% | 1,550,000 | 1,873,146 | |
Series 2021K | ||||
11/01/2029 | 5.000% | 1,275,000 | 1,501,653 | |
Series 2015F | ||||
05/01/2030 | 5.000% | 5,565,000 | 5,896,423 | |
Series 2019 | ||||
06/01/2038 | 5.000% | 3,000,000 | 3,362,520 | |
Series 2019G | ||||
08/01/2033 | 5.000% | 1,320,000 | 1,533,504 | |
Unlimited General Obligation Notes | ||||
Higher Education | ||||
Series 2016C | ||||
08/01/2033 | 5.000% | 750,000 | 816,266 | |
Series 2016A | ||||
08/01/2031 | 3.500% | 500,000 | 519,628 | |
08/01/2032 | 3.500% | 500,000 | 517,395 | |
Total | 18,285,851 | |||
Transportation 3.5% | ||||
Tri-County Metropolitan Transportation District of Oregon | ||||
Refunding Revenue Bonds | ||||
Series 2017 | ||||
10/01/2026 | 5.000% | 1,235,000 | 1,350,558 | |
10/01/2027 | 5.000% | 1,485,000 | 1,655,295 | |
Revenue Bonds | ||||
Series 2018A | ||||
10/01/2032 | 5.000% | 6,800,000 | 7,544,589 | |
Total | 10,550,442 | |||
Water & Sewer 6.7% | ||||
City of Beaverton Water | ||||
Revenue Bonds | ||||
Series 2018 | ||||
04/01/2034 | 5.000% | 1,125,000 | 1,268,725 | |
City of Bend Sewer | ||||
Revenue Bonds | ||||
Series 2020 | ||||
05/01/2039 | 5.000% | 1,390,000 | 1,559,400 |
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 11 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
City of Eugene Water Utility System | ||||
Refunding Revenue Bonds | ||||
Utility System | ||||
Series 2016 | ||||
08/01/2032 | 4.000% | 500,000 | 528,192 | |
City of Portland Water System | ||||
Refunding Revenue Bonds | ||||
1st Lien | ||||
Series 2016A | ||||
04/01/2030 | 4.000% | 7,375,000 | 7,778,366 | |
Subordinated Series 2021B | ||||
05/01/2028 | 5.000% | 1,000,000 | 1,138,848 | |
05/01/2029 | 5.000% | 1,000,000 | 1,161,644 | |
Revenue Bonds | ||||
Second Lien | ||||
Subordinated Series 2019A | ||||
05/01/2036 | 5.000% | 1,500,000 | 1,704,911 | |
Series 2014A | ||||
05/01/2028 | 4.000% | 3,390,000 | 3,461,024 | |
City of Springfield Sewer System | ||||
Refunding Revenue Bonds | ||||
Series 2017 | ||||
04/01/2025 | 4.000% | 200,000 | 207,018 | |
04/01/2026 | 4.000% | 250,000 | 263,218 | |
04/01/2027 | 4.000% | 270,000 | 288,425 | |
Clackamas River Water | ||||
Revenue Bonds | ||||
Series 2016 | ||||
11/01/2032 | 5.000% | 200,000 | 209,620 | |
11/01/2033 | 5.000% | 265,000 | 277,393 | |
11/01/2034 | 5.000% | 250,000 | 261,691 | |
11/01/2035 | 5.000% | 225,000 | 235,372 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
11/01/2036 | 5.000% | 200,000 | 209,086 | |
Total | 20,552,933 | |||
Total Municipal Bonds (Cost $304,070,481) | 299,236,265 |
Money Market Funds 0.9% | ||
Shares | Value ($) | |
Dreyfus Tax Exempt Cash Management Fund, Institutional Shares, 1.662%(f) | 51,435 | 51,435 |
JPMorgan Institutional Tax Free Money Market Fund, Institutional Shares, 1.588%(f) | 2,666,623 | 2,666,623 |
Total Money Market Funds (Cost $2,718,058) | 2,718,058 | |
Total Investments in Securities (Cost: $306,788,539) | 301,954,323 | |
Other Assets & Liabilities, Net | 2,625,958 | |
Net Assets | 304,580,281 |
(a) | Income from this security may be subject to alternative minimum tax. |
(b) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At January 31, 2023, the total value of these securities amounted to $2,651,343, which represents 0.87% 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 January 31, 2023. |
(d) | Zero coupon bond. |
(e) | Municipal obligations include debt obligations issued by or on behalf of territories, possessions, or sovereign nations within the territorial boundaries of the United States. At January 31, 2023, the total value of these securities amounted to $6,239,027, which represents 2.05% of total net assets. |
(f) | The rate shown is the seven-day current annualized yield at January 31, 2023. |
AGM | Assured Guaranty Municipal Corporation |
HUD | U.S. Department of Housing and Urban Development |
12 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Municipal Bonds | — | 299,236,265 | — | 299,236,265 |
Money Market Funds | 2,718,058 | — | — | 2,718,058 |
Total Investments in Securities | 2,718,058 | 299,236,265 | — | 301,954,323 |
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 13 |
January 31, 2023 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $306,788,539) | $301,954,323 |
Cash | 2,111 |
Receivable for: | |
Capital shares sold | 718,486 |
Interest | 2,640,162 |
Expense reimbursement due from Investment Manager | 281 |
Prepaid expenses | 4,234 |
Trustees’ deferred compensation plan | 103,854 |
Other assets | 203 |
Total assets | 305,423,654 |
Liabilities | |
Payable for: | |
Capital shares purchased | 142,851 |
Distributions to shareholders | 543,958 |
Management services fees | 3,911 |
Distribution and/or service fees | 263 |
Transfer agent fees | 18,780 |
Compensation of board members | 14,983 |
Compensation of chief compliance officer | 31 |
Other expenses | 14,742 |
Trustees’ deferred compensation plan | 103,854 |
Total liabilities | 843,373 |
Net assets applicable to outstanding capital stock | $304,580,281 |
Represented by | |
Paid in capital | 309,725,860 |
Total distributable earnings (loss) | (5,145,579) |
Total - representing net assets applicable to outstanding capital stock | $304,580,281 |
Class A | |
Net assets | $30,677,509 |
Shares outstanding | 2,618,447 |
Net asset value per share | $11.72 |
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) | $12.08 |
Advisor Class | |
Net assets | $3,752,335 |
Shares outstanding | 320,178 |
Net asset value per share | $11.72 |
Class C | |
Net assets | $2,804,667 |
Shares outstanding | 239,391 |
Net asset value per share | $11.72 |
Institutional Class | |
Net assets | $201,623,286 |
Shares outstanding | 17,208,644 |
Net asset value per share | $11.72 |
Institutional 2 Class | |
Net assets | $42,608,912 |
Shares outstanding | 3,642,828 |
Net asset value per share | $11.70 |
Institutional 3 Class | |
Net assets | $23,113,572 |
Shares outstanding | 1,970,030 |
Net asset value per share | $11.73 |
14 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
Six Months Ended January 31, 2023 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $26,378 |
Interest | 4,380,590 |
Total income | 4,406,968 |
Expenses: | |
Management services fees | 752,901 |
Distribution and/or service fees | |
Class A | 42,776 |
Class C | 10,696 |
Transfer agent fees | |
Class A | 14,788 |
Advisor Class | 1,496 |
Class C | 1,322 |
Institutional Class | 94,160 |
Institutional 2 Class | 11,535 |
Institutional 3 Class | 744 |
Compensation of board members | 11,446 |
Custodian fees | 1,090 |
Printing and postage fees | 8,272 |
Registration fees | 3,950 |
Audit fees | 15,250 |
Legal fees | 8,043 |
Interest on interfund lending | 377 |
Compensation of chief compliance officer | 31 |
Other | 7,050 |
Total expenses | 985,927 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (53,476) |
Expense reduction | (320) |
Total net expenses | 932,131 |
Net investment income | 3,474,837 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (459,867) |
Net realized loss | (459,867) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (1,425,526) |
Net change in unrealized appreciation (depreciation) | (1,425,526) |
Net realized and unrealized loss | (1,885,393) |
Net increase in net assets resulting from operations | $1,589,444 |
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 15 |
Six Months Ended January 31, 2023 (Unaudited) | Year Ended July 31, 2022 | |
Operations | ||
Net investment income | $3,474,837 | $6,927,136 |
Net realized loss | (459,867) | (200,083) |
Net change in unrealized appreciation (depreciation) | (1,425,526) | (27,176,242) |
Net increase (decrease) in net assets resulting from operations | 1,589,444 | (20,449,189) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (326,874) | (734,921) |
Advisor Class | (37,473) | (65,890) |
Class C | (22,391) | (53,550) |
Institutional Class | (2,342,561) | (5,138,933) |
Institutional 2 Class | (442,907) | (698,707) |
Institutional 3 Class | (253,831) | (252,762) |
Total distributions to shareholders | (3,426,037) | (6,944,763) |
Decrease in net assets from capital stock activity | (28,522,172) | (290,003) |
Total decrease in net assets | (30,358,765) | (27,683,955) |
Net assets at beginning of period | 334,939,046 | 362,623,001 |
Net assets at end of period | $304,580,281 | $334,939,046 |
16 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
Six Months Ended | Year Ended | |||
January 31, 2023 (Unaudited) | July 31, 2022 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 222,634 | 2,573,600 | 685,838 | 8,328,148 |
Distributions reinvested | 27,338 | 311,914 | 57,622 | 699,804 |
Redemptions | (748,611) | (8,557,243) | (1,138,898) | (13,602,558) |
Net decrease | (498,639) | (5,671,729) | (395,438) | (4,574,606) |
Advisor Class | ||||
Subscriptions | 80,152 | 917,960 | 141,491 | 1,708,751 |
Distributions reinvested | 3,264 | 37,286 | 5,427 | 65,890 |
Redemptions | (31,672) | (360,078) | (133,414) | (1,599,013) |
Net increase | 51,744 | 595,168 | 13,504 | 175,628 |
Class C | ||||
Subscriptions | 14,276 | 162,925 | 32,559 | 400,557 |
Distributions reinvested | 1,920 | 21,910 | 4,310 | 52,406 |
Redemptions | (52,763) | (603,472) | (144,606) | (1,751,482) |
Net decrease | (36,567) | (418,637) | (107,737) | (1,298,519) |
Institutional Class | ||||
Subscriptions | 762,838 | 8,764,803 | 2,204,837 | 26,856,497 |
Distributions reinvested | 169,067 | 1,929,653 | 325,614 | 3,950,321 |
Redemptions | (4,254,525) | (48,682,596) | (2,969,253) | (35,759,051) |
Net decrease | (3,322,620) | (37,988,140) | (438,802) | (4,952,233) |
Institutional 2 Class | ||||
Subscriptions | 823,672 | 9,410,760 | 1,692,676 | 19,937,658 |
Distributions reinvested | 38,642 | 440,559 | 57,828 | 698,693 |
Redemptions | (617,988) | (7,044,465) | (983,721) | (11,744,059) |
Net increase | 244,326 | 2,806,854 | 766,783 | 8,892,292 |
Institutional 3 Class | ||||
Subscriptions | 2,040,435 | 23,387,452 | 589,265 | 7,196,027 |
Distributions reinvested | 7,286 | 83,220 | 12,279 | 148,873 |
Redemptions | (988,595) | (11,316,360) | (496,051) | (5,877,465) |
Net increase | 1,059,126 | 12,154,312 | 105,493 | 1,467,435 |
Total net decrease | (2,502,630) | (28,522,172) | (56,197) | (290,003) |
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 17 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.75 | 0.11 | (0.03) | 0.08 | (0.11) | — | (0.11) |
Year Ended 7/31/2022 | $12.70 | 0.21 | (0.95) | (0.74) | (0.21) | — | (0.21) |
Year Ended 7/31/2021 | $12.79 | 0.23 | (0.06) | 0.17 | (0.23) | (0.03) | (0.26) |
Year Ended 7/31/2020 | $12.52 | 0.27 | 0.29 | 0.56 | (0.27) | (0.02) | (0.29) |
Year Ended 7/31/2019 | $12.14 | 0.30 | 0.41 | 0.71 | (0.31) | (0.02) | (0.33) |
Year Ended 7/31/2018 | $12.45 | 0.31 | (0.31) | 0.00(f) | (0.31) | — | (0.31) |
Advisor Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.76 | 0.13 | (0.04) | 0.09 | (0.13) | — | (0.13) |
Year Ended 7/31/2022 | $12.70 | 0.24 | (0.94) | (0.70) | (0.24) | — | (0.24) |
Year Ended 7/31/2021 | $12.79 | 0.26 | (0.05) | 0.21 | (0.27) | (0.03) | (0.30) |
Year Ended 7/31/2020 | $12.52 | 0.30 | 0.29 | 0.59 | (0.30) | (0.02) | (0.32) |
Year Ended 7/31/2019 | $12.14 | 0.33 | 0.41 | 0.74 | (0.34) | (0.02) | (0.36) |
Year Ended 7/31/2018 | $12.45 | 0.34 | (0.31) | 0.03 | (0.34) | — | (0.34) |
Class C | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.75 | 0.09 | (0.03) | 0.06 | (0.09) | — | (0.09) |
Year Ended 7/31/2022 | $12.70 | 0.16 | (0.95) | (0.79) | (0.16) | — | (0.16) |
Year Ended 7/31/2021 | $12.79 | 0.17 | (0.05) | 0.12 | (0.18) | (0.03) | (0.21) |
Year Ended 7/31/2020 | $12.52 | 0.22 | 0.28 | 0.50 | (0.21) | (0.02) | (0.23) |
Year Ended 7/31/2019 | $12.14 | 0.25 | 0.40 | 0.65 | (0.25) | (0.02) | (0.27) |
Year Ended 7/31/2018 | $12.45 | 0.25 | (0.31) | (0.06) | (0.25) | — | (0.25) |
Institutional Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.75 | 0.13 | (0.03) | 0.10 | (0.13) | — | (0.13) |
Year Ended 7/31/2022 | $12.70 | 0.24 | (0.95) | (0.71) | (0.24) | — | (0.24) |
Year Ended 7/31/2021 | $12.79 | 0.26 | (0.05) | 0.21 | (0.27) | (0.03) | (0.30) |
Year Ended 7/31/2020 | $12.52 | 0.30 | 0.29 | 0.59 | (0.30) | (0.02) | (0.32) |
Year Ended 7/31/2019 | $12.14 | 0.33 | 0.41 | 0.74 | (0.34) | (0.02) | (0.36) |
Year Ended 7/31/2018 | $12.45 | 0.34 | (0.31) | 0.03 | (0.34) | — | (0.34) |
Institutional 2 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.73 | 0.13 | (0.03) | 0.10 | (0.13) | — | (0.13) |
Year Ended 7/31/2022 | $12.68 | 0.25 | (0.95) | (0.70) | (0.25) | — | (0.25) |
Year Ended 7/31/2021 | $12.77 | 0.26 | (0.05) | 0.21 | (0.27) | (0.03) | (0.30) |
Year Ended 7/31/2020 | $12.51 | 0.31 | 0.27 | 0.58 | (0.30) | (0.02) | (0.32) |
Year Ended 7/31/2019 | $12.12 | 0.34 | 0.41 | 0.75 | (0.34) | (0.02) | (0.36) |
Year Ended 7/31/2018 | $12.43 | 0.34 | (0.31) | 0.03 | (0.34) | — | (0.34) |
18 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
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 1/31/2023 (Unaudited) | $11.72 | 0.73% | 0.84%(c),(d) | 0.81%(c),(d),(e) | 1.94%(c) | 2% | $30,678 |
Year Ended 7/31/2022 | $11.75 | (5.83%) | 0.84% | 0.81%(e) | 1.76% | 11% | $36,636 |
Year Ended 7/31/2021 | $12.70 | 1.38% | 0.84% | 0.81%(e) | 1.81% | 5% | $44,606 |
Year Ended 7/31/2020 | $12.79 | 4.52% | 0.84% | 0.81%(e) | 2.16% | 9% | $45,868 |
Year Ended 7/31/2019 | $12.52 | 5.94% | 0.84% | 0.83% | 2.49% | 8% | $44,185 |
Year Ended 7/31/2018 | $12.14 | 0.01% | 0.84% | 0.84%(e) | 2.53% | 10% | $39,896 |
Advisor Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.72 | 0.77% | 0.59%(c),(d) | 0.56%(c),(d),(e) | 2.19%(c) | 2% | $3,752 |
Year Ended 7/31/2022 | $11.76 | (5.52%) | 0.59% | 0.56%(e) | 2.01% | 11% | $3,156 |
Year Ended 7/31/2021 | $12.70 | 1.63% | 0.59% | 0.56%(e) | 2.06% | 5% | $3,238 |
Year Ended 7/31/2020 | $12.79 | 4.78% | 0.59% | 0.56%(e) | 2.40% | 9% | $2,415 |
Year Ended 7/31/2019 | $12.52 | 6.21% | 0.59% | 0.57% | 2.73% | 8% | $1,919 |
Year Ended 7/31/2018 | $12.14 | 0.25% | 0.59% | 0.59%(e) | 2.78% | 10% | $660 |
Class C | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.72 | 0.50% | 1.29%(c),(d) | 1.26%(c),(d),(e) | 1.49%(c) | 2% | $2,805 |
Year Ended 7/31/2022 | $11.75 | (6.26%) | 1.40% | 1.26%(e) | 1.30% | 11% | $3,243 |
Year Ended 7/31/2021 | $12.70 | 0.92% | 1.59% | 1.26%(e),(g) | 1.36% | 5% | $4,873 |
Year Ended 7/31/2020 | $12.79 | 4.05% | 1.59% | 1.26%(e),(g) | 1.72% | 9% | $6,740 |
Year Ended 7/31/2019 | $12.52 | 5.46% | 1.59% | 1.28%(g) | 2.05% | 8% | $8,434 |
Year Ended 7/31/2018 | $12.14 | (0.44%) | 1.59% | 1.29%(e) | 2.07% | 10% | $14,530 |
Institutional Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.72 | 0.85% | 0.59%(c),(d) | 0.56%(c),(d),(e) | 2.19%(c) | 2% | $201,623 |
Year Ended 7/31/2022 | $11.75 | (5.60%) | 0.59% | 0.56%(e) | 2.01% | 11% | $241,308 |
Year Ended 7/31/2021 | $12.70 | 1.63% | 0.59% | 0.56%(e) | 2.06% | 5% | $266,298 |
Year Ended 7/31/2020 | $12.79 | 4.78% | 0.59% | 0.56%(e) | 2.41% | 9% | $267,135 |
Year Ended 7/31/2019 | $12.52 | 6.20% | 0.59% | 0.58% | 2.74% | 8% | $270,831 |
Year Ended 7/31/2018 | $12.14 | 0.25% | 0.59% | 0.59%(e) | 2.77% | 10% | $293,485 |
Institutional 2 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.70 | 0.87% | 0.56%(c),(d) | 0.53%(c),(d) | 2.22%(c) | 2% | $42,609 |
Year Ended 7/31/2022 | $11.73 | (5.58%) | 0.55% | 0.52% | 2.05% | 11% | $39,878 |
Year Ended 7/31/2021 | $12.68 | 1.67% | 0.56% | 0.53% | 2.10% | 5% | $33,366 |
Year Ended 7/31/2020 | $12.77 | 4.73% | 0.56% | 0.53% | 2.45% | 9% | $23,286 |
Year Ended 7/31/2019 | $12.51 | 6.33% | 0.56% | 0.54% | 2.77% | 8% | $25,397 |
Year Ended 7/31/2018 | $12.12 | 0.28% | 0.56% | 0.56% | 2.80% | 10% | $31,451 |
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 19 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.77 | 0.13 | (0.04) | 0.09 | (0.13) | — | (0.13) |
Year Ended 7/31/2022 | $12.72 | 0.25 | (0.95) | (0.70) | (0.25) | — | (0.25) |
Year Ended 7/31/2021 | $12.81 | 0.27 | (0.05) | 0.22 | (0.28) | (0.03) | (0.31) |
Year Ended 7/31/2020 | $12.54 | 0.31 | 0.29 | 0.60 | (0.31) | (0.02) | (0.33) |
Year Ended 7/31/2019 | $12.15 | 0.34 | 0.42 | 0.76 | (0.35) | (0.02) | (0.37) |
Year Ended 7/31/2018 | $12.47 | 0.35 | (0.32) | 0.03 | (0.35) | — | (0.35) |
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) | Rounds to zero. |
(g) | Ratios include the impact of voluntary waivers paid by the Investment Manager. For the periods indicated below, if the Investment Manager had not paid these voluntary waivers, the Fund’s net expense ratio would increase by: |
7/31/2021 | 7/31/2020 | 7/31/2019 | |
Class C | 0.06% | 0.30% | 0.30% |
20 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
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 1/31/2023 (Unaudited) | $11.73 | 0.81% | 0.51%(c),(d) | 0.48%(c),(d) | 2.29%(c) | 2% | $23,114 |
Year Ended 7/31/2022 | $11.77 | (5.51%) | 0.50% | 0.48% | 2.09% | 11% | $10,718 |
Year Ended 7/31/2021 | $12.72 | 1.72% | 0.51% | 0.48% | 2.14% | 5% | $10,242 |
Year Ended 7/31/2020 | $12.81 | 4.86% | 0.51% | 0.48% | 2.49% | 9% | $7,945 |
Year Ended 7/31/2019 | $12.54 | 6.37% | 0.51% | 0.49% | 2.82% | 8% | $6,909 |
Year Ended 7/31/2018 | $12.15 | 0.26% | 0.51% | 0.51% | 2.90% | 10% | $3,871 |
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 21 |
January 31, 2023 (Unaudited)
22 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 23 |
January 31, 2023 (Unaudited)
24 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Effective rate (%) | |
Class A | 0.09 |
Advisor Class | 0.09 |
Class C | 0.09 |
Institutional Class | 0.09 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 3.00 | 0.75(a) | 9,255 |
Class C | — | 1.00(b) | — |
(a) | This charge is imposed on certain investments of $500,000 or more if redeemed within 12 months after purchase. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 25 |
January 31, 2023 (Unaudited)
Fee rate(s) contractual through November 30, 2023 | |
Class A | 0.81% |
Advisor Class | 0.56 |
Class C | 1.26 |
Institutional Class | 0.56 |
Institutional 2 Class | 0.53 |
Institutional 3 Class | 0.48 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
306,789,000 | 2,653,000 | (7,488,000) | (4,835,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(199,556) | — | (199,556) |
26 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 700,000 | 4.85 | 4 |
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 27 |
January 31, 2023 (Unaudited)
28 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 | 29 |
January 31, 2023 (Unaudited)
30 | Columbia Oregon Intermediate Municipal Bond Fund | Semiannual Report 2023 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
January 31, 2023 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended January 31, 2023) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 11/21/78 | -0.41 | -6.59 | 1.14 | 2.01 |
Including sales charges | -3.43 | -9.41 | 0.52 | 1.70 | ||
Advisor Class* | 03/19/13 | -0.31 | -6.33 | 1.35 | 2.22 | |
Class C | Excluding sales charges | 08/01/97 | -0.71 | -7.07 | 0.52 | 1.40 |
Including sales charges | -1.69 | -7.97 | 0.52 | 1.40 | ||
Institutional Class | 09/16/05 | -0.31 | -6.40 | 1.34 | 2.21 | |
Institutional 2 Class* | 12/11/13 | -0.30 | -6.39 | 1.35 | 2.22 | |
Institutional 3 Class* | 03/01/17 | -0.19 | -6.24 | 1.42 | 2.17 | |
Bloomberg Municipal Bond Index | 0.73 | -3.25 | 2.07 | 2.38 |
* | 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 Tax-Exempt Fund | Semiannual Report 2023 | 3 |
(Unaudited)
Quality breakdown (%) (at January 31, 2023) | |
AAA rating | 5.3 |
AA rating | 20.8 |
A rating | 39.8 |
BBB rating | 20.3 |
BB rating | 3.5 |
Not rated | 10.3 |
Total | 100.0 |
Top Ten States/Territories (%) (at January 31, 2023) | |
Illinois | 11.2 |
Texas | 10.1 |
Pennsylvania | 9.4 |
New York | 7.5 |
California | 5.7 |
Florida | 5.6 |
Colorado | 4.8 |
Michigan | 4.0 |
New Jersey | 3.6 |
Ohio | 2.5 |
4 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
(Unaudited)
August 1, 2022 — January 31, 2023 | |||||||
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 | 995.90 | 1,021.71 | 3.76 | 3.81 | 0.74 |
Advisor Class | 1,000.00 | 1,000.00 | 996.90 | 1,022.73 | 2.75 | 2.78 | 0.54 |
Class C | 1,000.00 | 1,000.00 | 992.90 | 1,018.65 | 6.80 | 6.89 | 1.34 |
Institutional Class | 1,000.00 | 1,000.00 | 996.90 | 1,022.73 | 2.75 | 2.78 | 0.54 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 997.00 | 1,022.78 | 2.70 | 2.73 | 0.53 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 998.10 | 1,023.03 | 2.44 | 2.47 | 0.48 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 5 |
January 31, 2023 (Unaudited)
Municipal Bonds 99.7% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Alaska 0.1% | ||||
Northern Tobacco Securitization Corp. | ||||
Refunding Revenue Bonds | ||||
Series 2021A Class 1 | ||||
06/01/2050 | 4.000% | 2,500,000 | 2,278,749 | |
Arizona 0.9% | ||||
Arizona Health Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Scottsdale Lincoln Hospital Project | ||||
Series 2014 | ||||
12/01/2042 | 5.000% | 5,000,000 | 5,082,352 | |
Arizona Industrial Development Authority | ||||
Revenue Bonds | ||||
Macombs Facility Project Social Bonds | ||||
Series 2021A | ||||
07/01/2051 | 4.000% | 850,000 | 722,520 | |
Social Bonds - Macombs Facility Project | ||||
Series 2021A | ||||
07/01/2061 | 4.000% | 2,500,000 | 2,038,848 | |
Industrial Development Authority of the City of Phoenix (The) | ||||
Revenue Bonds | ||||
Downtown Phoenix Student Housing II LLC - Arizona State University Project | ||||
Series 2019 | ||||
07/01/2044 | 5.000% | 1,000,000 | 1,010,887 | |
07/01/2049 | 5.000% | 1,125,000 | 1,130,465 | |
Industrial Development Authority of the County of Pima (The)(a) | ||||
Refunding Revenue Bonds | ||||
American Leadership Academy | ||||
Series 2022 | ||||
06/15/2051 | 4.000% | 1,300,000 | 1,002,974 | |
Industrial Development Authority of the County of Yavapai (The) | ||||
Refunding Revenue Bonds | ||||
Yavapai Regional Medical Center | ||||
Series 2019 | ||||
08/01/2038 | 4.000% | 1,000,000 | 1,005,326 | |
La Paz County Industrial Development Authority | ||||
Revenue Bonds | ||||
Charter School Solutions - Harmony Public Schools Project | ||||
Series 2018 | ||||
02/15/2038 | 5.000% | 825,000 | 843,525 | |
Salt Verde Financial Corp. | ||||
Revenue Bonds | ||||
Series 2007 | ||||
12/01/2032 | 5.000% | 7,170,000 | 7,821,284 | |
Total | 20,658,181 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
California 5.7% | ||||
California Community Choice Financing Authority | ||||
Revenue Bonds | ||||
Green Bonds - Clean Energy Project | ||||
Series 2023 (Mandatory Put 08/01/29) | ||||
07/01/2053 | 5.000% | 5,700,000 | 6,102,006 | |
California Health Facilities Financing Authority | ||||
Refunding Revenue Bonds | ||||
Sutter Health | ||||
Series 2016B | ||||
11/15/2041 | 4.000% | 10,000,000 | 9,963,521 | |
Revenue Bonds | ||||
Kaiser Permanente | ||||
Subordinated Series 2017A-2 | ||||
11/01/2044 | 4.000% | 10,000,000 | 10,055,301 | |
California Municipal Finance Authority | ||||
Refunding Revenue Bonds | ||||
Community Medical Centers | ||||
Series 2017A | ||||
02/01/2036 | 5.000% | 1,500,000 | 1,583,049 | |
02/01/2037 | 5.000% | 1,000,000 | 1,050,811 | |
California Municipal Finance Authority(a),(b),(c) | ||||
Revenue Bonds | ||||
UTS Renewable Energy-Waste Water Facilities | ||||
Series 2011 | ||||
12/01/2032 | 0.000% | 1,830,000 | 36,600 | |
California Public Finance Authority | ||||
Refunding Revenue Bonds | ||||
Sharp Healthcare | ||||
Series 2017A | ||||
08/01/2047 | 4.000% | 10,000,000 | 10,010,797 | |
California School Finance Authority(a) | ||||
Prerefunded 07/01/25 Revenue Bonds | ||||
River Springs Charter School Project | ||||
Series 2015 | ||||
07/01/2046 | 6.375% | 150,000 | 162,459 | |
California State Public Works Board | ||||
Revenue Bonds | ||||
Various Correctional Facilities | ||||
Series 2014A | ||||
09/01/2039 | 5.000% | 7,000,000 | 7,243,911 | |
California Statewide Communities Development Authority(a) | ||||
Refunding Revenue Bonds | ||||
899 Charleston Project | ||||
Series 2014A | ||||
11/01/2029 | 5.000% | 1,650,000 | 1,571,699 | |
11/01/2034 | 5.000% | 3,700,000 | 3,344,524 |
6 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Revenue Bonds | ||||
California Baptist University | ||||
Series 2014A | ||||
11/01/2033 | 6.125% | 1,560,000 | 1,585,320 | |
11/01/2043 | 6.375% | 1,035,000 | 1,049,776 | |
Lancer Plaza Project | ||||
Series 2013 | ||||
11/01/2043 | 5.875% | 1,875,000 | 1,885,760 | |
California Statewide Communities Development Authority | ||||
Revenue Bonds | ||||
Loma Linda University Medical Center | ||||
Series 2014 | ||||
12/01/2044 | 5.250% | 3,500,000 | 3,513,644 | |
Castaic Lake Water Agency(d) | ||||
Certificate of Participation | ||||
Capital Appreciation - Water System Improvement Project | ||||
Series 1999 (AMBAC) | ||||
08/01/2024 | 0.000% | 9,445,000 | 9,077,840 | |
City of Los Angeles Department of Airports(b) | ||||
Revenue Bonds | ||||
Subordinated Series 2017A | ||||
05/15/2042 | 5.000% | 4,375,000 | 4,553,516 | |
City of Pomona | ||||
Refunding Revenue Bonds | ||||
Mortgage-Backed Securities | ||||
Series 1990A Escrowed to Maturity (GNMA / FNMA) | ||||
05/01/2023 | 7.600% | 505,000 | 511,266 | |
Foothill-Eastern Transportation Corridor Agency | ||||
Refunding Revenue Bonds | ||||
Senior Lien | ||||
Series 2021A | ||||
01/15/2046 | 4.000% | 10,000,000 | 9,738,205 | |
Golden State Tobacco Securitization Corp.(d) | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2021B-2 | ||||
06/01/2066 | 0.000% | 10,000,000 | 1,259,053 | |
Golden State Tobacco Securitization Corp. | ||||
Refunding Revenue Bonds | ||||
Tobacco Settlement | ||||
Series 2022 | ||||
06/01/2051 | 5.000% | 3,000,000 | 3,189,037 | |
Los Angeles Department of Water & Power Water System | ||||
Refunding Revenue Bonds | ||||
Series 2022D | ||||
07/01/2052 | 5.000% | 3,500,000 | 3,944,448 | |
Norwalk-La Mirada Unified School District(d) | ||||
Unlimited General Obligation Bonds | ||||
Capital Appreciation | ||||
Series 2005B (NPFGC) | ||||
08/01/2023 | 0.000% | 9,790,000 | 9,658,149 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Palomar Health | ||||
Refunding Revenue Bonds | ||||
Series 2016 | ||||
11/01/2036 | 5.000% | 4,605,000 | 4,750,431 | |
San Francisco City & County Airport Commission - San Francisco International Airport(b) | ||||
Unrefunded Revenue Bonds | ||||
Series 2014A | ||||
05/01/2044 | 5.000% | 24,000,000 | 24,249,703 | |
State of California | ||||
Unlimited General Obligation Bonds | ||||
Series 2022 | ||||
09/01/2052 | 5.000% | 3,000,000 | 3,412,958 | |
Unrefunded Unlimited General Obligation Bonds | ||||
Series 2004 | ||||
04/01/2029 | 5.300% | 6,000 | 6,014 | |
West Contra Costa Unified School District | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2001B (NPFGC) | ||||
08/01/2024 | 6.000% | 755,000 | 768,868 | |
Total | 134,278,666 | |||
Colorado 4.8% | ||||
City & County of Denver Airport System(b) | ||||
Refunding Revenue Bonds | ||||
Series 2022D | ||||
11/15/2053 | 5.000% | 3,000,000 | 3,178,586 | |
Subordinated Series 2018A | ||||
12/01/2048 | 4.000% | 11,500,000 | 10,933,569 | |
Revenue Bonds | ||||
Series 2022A | ||||
11/15/2047 | 5.000% | 3,750,000 | 4,005,259 | |
11/15/2053 | 5.500% | 2,400,000 | 2,682,966 | |
Colorado Bridge Enterprise(b) | ||||
Revenue Bonds | ||||
Central 70 Project | ||||
Series 2017 | ||||
06/30/2051 | 4.000% | 9,240,000 | 8,885,614 | |
Colorado Educational & Cultural Facilities Authority(a) | ||||
Improvement Refunding Revenue Bonds | ||||
Skyview Charter School | ||||
Series 2014 | ||||
07/01/2034 | 5.125% | 1,525,000 | 1,531,839 | |
07/01/2044 | 5.375% | 2,100,000 | 2,104,845 | |
07/01/2049 | 5.500% | 925,000 | 928,065 | |
Colorado Health Facilities Authority | ||||
Improvement Refunding Revenue Bonds | ||||
Bethesda Project | ||||
Series 2018 | ||||
09/15/2048 | 5.000% | 15,000,000 | 14,433,321 | |
09/15/2053 | 5.000% | 10,000,000 | 9,518,412 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 7 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Refunding Revenue Bonds | ||||
AdventHealth Obligated | ||||
Series 2019 | ||||
11/15/2043 | 4.000% | 6,000,000 | 5,872,307 | |
CommonSpirit Health | ||||
Series 2019A | ||||
08/01/2049 | 4.000% | 8,640,000 | 8,124,047 | |
Covenant Retirement Communities | ||||
Series 2015 | ||||
12/01/2035 | 5.000% | 3,800,000 | 3,846,830 | |
Intermountain Healthcare | ||||
Series 2022 | ||||
05/15/2052 | 5.000% | 14,000,000 | 15,052,383 | |
Revenue Bonds | ||||
Aberdeen Ridge | ||||
Series 2021A | ||||
05/15/2044 | 5.000% | 2,250,000 | 1,895,556 | |
CommonSpirit Health Obligation Group | ||||
Series 2022 | ||||
11/01/2052 | 5.250% | 4,000,000 | 4,227,479 | |
NJH-SJH Center for Outpatient Health | ||||
Series 2019 | ||||
01/01/2050 | 4.000% | 15,105,000 | 14,937,127 | |
Fiddlers Business Improvement District(a) | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2022 | ||||
12/01/2047 | 5.550% | 800,000 | 813,467 | |
Total | 112,971,672 | |||
Connecticut 0.1% | ||||
Connecticut State Health & Educational Facilities Authority(a) | ||||
Revenue Bonds | ||||
Church Home of Hartford, Inc. | ||||
Series 2016 | ||||
09/01/2046 | 5.000% | 1,250,000 | 1,153,963 | |
State of Connecticut | ||||
Unlimited General Obligation Bonds | ||||
Series 2018E | ||||
09/15/2037 | 5.000% | 500,000 | 548,017 | |
Total | 1,701,980 | |||
District of Columbia 0.9% | ||||
District of Columbia | ||||
Prerefunded 07/01/23 Revenue Bonds | ||||
KIPP Charter School | ||||
Series 2013 | ||||
07/01/2033 | 6.000% | 250,000 | 253,533 | |
07/01/2048 | 6.000% | 1,150,000 | 1,166,250 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Refunding Revenue Bonds | ||||
Children’s Hospital | ||||
Series 2015 | ||||
07/15/2044 | 5.000% | 9,090,000 | 9,307,471 | |
Friendship Public Charter School | ||||
Series 2016 | ||||
06/01/2046 | 5.000% | 1,385,000 | 1,399,354 | |
Revenue Bonds | ||||
KIPP DC Project | ||||
Series 2019 | ||||
07/01/2044 | 4.000% | 1,240,000 | 1,094,442 | |
Metropolitan Washington Airports Authority Dulles Toll Road | ||||
Refunding Revenue Bonds | ||||
Dulles Metrorail | ||||
Subordinated Series 2019 | ||||
10/01/2049 | 4.000% | 7,950,000 | 7,545,252 | |
Total | 20,766,302 | |||
Florida 5.6% | ||||
Alachua County Health Facilities Authority | ||||
Revenue Bonds | ||||
Shands Teaching Hospital & Clinics | ||||
Series 2019 | ||||
12/01/2049 | 4.000% | 5,000,000 | 4,714,257 | |
Capital Trust Agency, Inc.(a) | ||||
04/27/2021 | ||||
07/01/2056 | 5.000% | 2,125,000 | 1,972,397 | |
Capital Trust Agency, Inc.(a),(c) | ||||
Revenue Bonds | ||||
1st Mortgage Tallahassee Tapestry Senior Housing Project | ||||
Series 2015 | ||||
12/01/2045 | 0.000% | 3,760,000 | 1,015,200 | |
12/01/2050 | 0.000% | 1,000,000 | 270,000 | |
Capital Trust Agency, Inc.(a),(d) | ||||
Revenue Bonds | ||||
WFCS Portfolio Project | ||||
Subordinated Series 2021 | ||||
01/01/2061 | 0.000% | 5,700,000 | 315,591 | |
Central Florida Expressway Authority | ||||
Refunding Revenue Bonds | ||||
Senior Lien | ||||
Series 2016B | ||||
07/01/2039 | 4.000% | 10,500,000 | 10,575,663 | |
City of Atlantic Beach | ||||
Revenue Bonds | ||||
Fleet Landing Project | ||||
Series 2018 | ||||
11/15/2048 | 5.000% | 2,500,000 | 2,425,787 |
8 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
City of Lakeland | ||||
Revenue Bonds | ||||
Lakeland Regional Health | ||||
Series 2015 | ||||
11/15/2045 | 5.000% | 12,000,000 | 12,191,983 | |
County of Broward Airport System(b) | ||||
Revenue Bonds | ||||
Series 2015A | ||||
10/01/2045 | 5.000% | 14,000,000 | 14,307,483 | |
Series 2019A | ||||
10/01/2049 | 5.000% | 1,000,000 | 1,041,115 | |
County of Miami-Dade Aviation(b) | ||||
Refunding Revenue Bonds | ||||
Series 2014A | ||||
10/01/2033 | 5.000% | 5,000,000 | 5,135,080 | |
10/01/2036 | 5.000% | 11,400,000 | 11,608,148 | |
County of Osceola Transportation(d) | ||||
Refunding Revenue Bonds | ||||
Series 2020A-2 | ||||
10/01/2040 | 0.000% | 4,650,000 | 1,823,413 | |
10/01/2041 | 0.000% | 2,500,000 | 918,088 | |
10/01/2042 | 0.000% | 3,250,000 | 1,121,725 | |
10/01/2043 | 0.000% | 2,750,000 | 892,709 | |
10/01/2044 | 0.000% | 3,000,000 | 912,498 | |
10/01/2046 | 0.000% | 3,000,000 | 801,223 | |
10/01/2048 | 0.000% | 4,000,000 | 940,748 | |
Florida Development Finance Corp. | ||||
Prerefunded 06/15/23 Revenue Bonds | ||||
Renaissance Charter School | ||||
Series 2013A | ||||
06/15/2044 | 8.500% | 9,000,000 | 9,185,956 | |
Florida Development Finance Corp.(a) | ||||
Revenue Bonds | ||||
Renaissance Charter School, Inc. Projects | ||||
Series 2015 | ||||
06/15/2035 | 6.000% | 4,000,000 | 4,065,730 | |
Florida Housing Finance Corp. | ||||
Revenue Bonds | ||||
Series 2018 (GNMA) | ||||
07/01/2043 | 3.800% | 1,395,000 | 1,380,836 | |
Greater Orlando Aviation Authority(b) | ||||
Revenue Bonds | ||||
Priority | ||||
Subordinated Series 2017A | ||||
10/01/2047 | 5.000% | 2,665,000 | 2,749,068 | |
Hillsborough County Aviation Authority(b) | ||||
Revenue Bonds | ||||
Tampa International Airport | ||||
Series 2022 | ||||
10/01/2052 | 4.000% | 2,645,000 | 2,533,470 | |
Subordinated Series 2018 | ||||
10/01/2048 | 5.000% | 5,550,000 | 5,752,192 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Miami-Dade County Expressway Authority | ||||
Revenue Bonds | ||||
Series 2014A | ||||
07/01/2044 | 5.000% | 5,000,000 | 5,078,581 | |
Mid-Bay Bridge Authority | ||||
Refunding Revenue Bonds | ||||
Series 2015A | ||||
10/01/2035 | 5.000% | 3,765,000 | 3,883,471 | |
Palm Beach County Health Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Toby & Leon Cooperman Sinai | ||||
Series 2022 | ||||
06/01/2041 | 4.000% | 1,000,000 | 825,057 | |
Polk County Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Carpenter’s Home Estates | ||||
Series 2019 | ||||
01/01/2039 | 5.000% | 1,700,000 | 1,620,945 | |
Putnam County Development Authority | ||||
Refunding Revenue Bonds | ||||
Seminole Project | ||||
Series 2018A | ||||
03/15/2042 | 5.000% | 6,665,000 | 7,238,554 | |
Sarasota County Public Hospital District | ||||
Refunding Revenue Bonds | ||||
Sarasota Memorial Hospital | ||||
Series 1998B (NPFGC) | ||||
07/01/2028 | 5.500% | 1,980,000 | 2,164,106 | |
Seminole County Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Legacy Pointe at UCF Project | ||||
Series 2019 | ||||
11/15/2049 | 5.500% | 4,200,000 | 3,580,639 | |
Tampa Sports Authority | ||||
Sales Tax Revenue Bonds | ||||
Tampa Bay Arena Project | ||||
Series 1995 (NPFGC) | ||||
10/01/2025 | 5.750% | 1,590,000 | 1,666,813 | |
Tampa-Hillsborough County Expressway Authority | ||||
Refunding Revenue Bonds | ||||
Series 2017B | ||||
07/01/2042 | 4.000% | 7,785,000 | 7,817,491 | |
Total | 132,526,017 | |||
Georgia 2.3% | ||||
City of Atlanta Department of Aviation(b) | ||||
Revenue Bonds | ||||
Airport | ||||
Subordinated Series 2019 | ||||
07/01/2039 | 4.000% | 5,250,000 | 5,201,103 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 9 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Fulton County Development Authority | ||||
Revenue Bonds | ||||
RAC Series 2017 | ||||
04/01/2047 | 5.000% | 3,000,000 | 3,105,020 | |
Fulton County Residential Care Facilities for the Elderly Authority | ||||
Refunding Revenue Bonds | ||||
Lenbrook Square Foundation, Inc. | ||||
Series 2016 | ||||
07/01/2036 | 5.000% | 3,500,000 | 3,493,072 | |
Georgia State Road & Tollway Authority(a),(d) | ||||
Revenue Bonds | ||||
I-75 S Express Lanes Project | ||||
Series 2014 Escrowed to Maturity | ||||
06/01/2024 | 0.000% | 260,000 | 247,460 | |
Glynn-Brunswick Memorial Hospital Authority | ||||
Revenue Bonds | ||||
SE Georgia Health System Anticipation Certificates | ||||
Series 2017 | ||||
08/01/2047 | 5.000% | 2,145,000 | 2,183,338 | |
Main Street Natural Gas, Inc. | ||||
Revenue Bonds | ||||
Series 2022B (Mandatory Put 06/01/29) | ||||
12/01/2052 | 5.000% | 10,000,000 | 10,569,129 | |
Main Street Natural Gas, Inc.(e) | ||||
Revenue Bonds | ||||
Series 2023A (Mandatory Put 06/01/30) | ||||
06/01/2053 | 5.000% | 13,300,000 | 14,116,152 | |
Metropolitan Atlanta Rapid Transit Authority | ||||
Refunding Revenue Bonds | ||||
Series 2007A (AMBAC) | ||||
07/01/2026 | 5.250% | 1,000,000 | 1,101,675 | |
Municipal Electric Authority of Georgia | ||||
Revenue Bonds | ||||
Plant Vogtle Units 3&4 Project | ||||
Series 2022 | ||||
07/01/2063 | 5.500% | 5,300,000 | 5,549,771 | |
Series 2022 (AGM) | ||||
07/01/2052 | 5.000% | 5,300,000 | 5,538,102 | |
Oconee County Industrial Development Authority | ||||
Revenue Bonds | ||||
Presbyterian Village Athens Project | ||||
Series 2018 | ||||
12/01/2048 | 6.250% | 2,945,000 | 2,612,313 | |
Total | 53,717,135 | |||
Idaho 0.9% | ||||
Idaho Health Facilities Authority | ||||
Refunding Revenue Bonds | ||||
St. Luke’s Health System Project | ||||
Series 2018 | ||||
03/01/2038 | 4.000% | 3,650,000 | 3,622,792 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2021 | ||||
03/01/2040 | 4.000% | 810,000 | 798,452 | |
03/01/2041 | 4.000% | 750,000 | 736,005 | |
03/01/2051 | 4.000% | 2,000,000 | 1,892,261 | |
Revenue Bonds | ||||
Taxable - Terraces of Boise Project | ||||
Series 2021 | ||||
10/01/2039 | 4.250% | 9,135,000 | 7,180,196 | |
Terraces of Boise Project | ||||
Series 2014 | ||||
10/01/2056 | 4.550% | 4,365,000 | 3,139,143 | |
Series 2021 | ||||
10/01/2050 | 4.500% | 5,635,000 | 4,139,815 | |
Total | 21,508,664 | |||
Illinois 11.1% | ||||
Chicago Board of Education(a) | ||||
Unlimited General Obligation Bonds | ||||
Dedicated | ||||
Series 2017A | ||||
12/01/2046 | 7.000% | 10,765,000 | 11,802,797 | |
Chicago Board of Education | ||||
Unlimited General Obligation Bonds | ||||
Series 2018 | ||||
12/01/2046 | 5.000% | 5,000,000 | 4,980,611 | |
Series 2021A | ||||
12/01/2033 | 5.000% | 2,000,000 | 2,114,894 | |
Series 2022A | ||||
12/01/2047 | 5.000% | 6,875,000 | 6,914,313 | |
Chicago Midway International Airport(b) | ||||
Refunding Revenue Bonds | ||||
2nd Lien | ||||
Series 2014A | ||||
01/01/2041 | 5.000% | 10,000,000 | 10,066,387 | |
Chicago O’Hare International Airport(b) | ||||
Refunding Revenue Bonds | ||||
Senior Lien | ||||
Series 2018A | ||||
01/01/2048 | 5.000% | 7,455,000 | 7,737,320 | |
Revenue Bonds | ||||
General Senior Lien | ||||
Series 2017D | ||||
01/01/2052 | 5.000% | 7,620,000 | 7,801,389 | |
Senior Lien | ||||
Series 2022 | ||||
01/01/2048 | 4.500% | 3,000,000 | 3,020,174 | |
01/01/2055 | 5.000% | 11,250,000 | 11,760,325 | |
Series 2015C | ||||
01/01/2046 | 5.000% | 12,525,000 | 12,707,351 |
10 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
TriPs Obligated Group | ||||
Series 2018 | ||||
07/01/2048 | 5.000% | 2,400,000 | 2,405,767 | |
Chicago O’Hare International Airport | ||||
Revenue Bonds | ||||
Series 2015D | ||||
01/01/2046 | 5.000% | 7,310,000 | 7,450,127 | |
Chicago Park District | ||||
Limited General Obligation Bonds | ||||
Series 2016A | ||||
01/01/2033 | 5.000% | 1,000,000 | 1,048,748 | |
01/01/2034 | 5.000% | 1,000,000 | 1,047,129 | |
01/01/2036 | 5.000% | 1,000,000 | 1,038,670 | |
City of Chicago Wastewater Transmission | ||||
Refunding Revenue Bonds | ||||
2nd Lien | ||||
Series 2015C | ||||
01/01/2034 | 5.000% | 1,250,000 | 1,279,265 | |
01/01/2039 | 5.000% | 2,970,000 | 3,002,355 | |
Revenue Bonds | ||||
2nd Lien | ||||
Series 2014 | ||||
01/01/2039 | 5.000% | 4,000,000 | 4,021,181 | |
01/01/2044 | 5.000% | 4,000,000 | 4,015,056 | |
City of Chicago Waterworks | ||||
Revenue Bonds | ||||
2nd Lien | ||||
Series 2014 | ||||
11/01/2034 | 5.000% | 1,000,000 | 1,022,663 | |
11/01/2039 | 5.000% | 2,000,000 | 2,027,628 | |
11/01/2044 | 5.000% | 2,850,000 | 2,877,297 | |
Cook County Community College District No. 508 | ||||
Unlimited General Obligation Bonds | ||||
Chicago City Colleges | ||||
Series 2017 (BAM) | ||||
12/01/2047 | 5.000% | 9,400,000 | 9,873,595 | |
Illinois Finance Authority | ||||
Refunding Revenue Bonds | ||||
LEARN Charter School Project Social Bonds | ||||
Series 2021 | ||||
11/01/2041 | 4.000% | 425,000 | 395,832 | |
Northshore University Health System | ||||
Series 2020A | ||||
08/15/2040 | 4.000% | 1,750,000 | 1,753,728 | |
Silver Cross Hospital & Medical Centers | ||||
Series 2015C | ||||
08/15/2044 | 5.000% | 9,400,000 | 9,439,699 | |
Illinois Housing Development Authority | ||||
Revenue Bonds | ||||
Series 2019D (GNMA) | ||||
10/01/2039 | 2.950% | 515,000 | 510,659 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Illinois State Toll Highway Authority | ||||
Revenue Bonds | ||||
Series 2019A | ||||
01/01/2044 | 4.000% | 5,000,000 | 4,952,757 | |
Metropolitan Pier & Exposition Authority(d) | ||||
Refunding Revenue Bonds | ||||
McCormick Place Expansion | ||||
Series 2022 | ||||
12/15/2039 | 0.000% | 3,000,000 | 1,354,849 | |
12/15/2040 | 0.000% | 3,050,000 | 1,293,854 | |
12/15/2041 | 0.000% | 2,200,000 | 873,202 | |
McCormick Place Expansion Project | ||||
Series 2012 (BAM) | ||||
12/15/2051 | 0.000% | 19,000,000 | 4,881,322 | |
Metropolitan Pier & Exposition Authority | ||||
Refunding Revenue Bonds | ||||
McCormick Place Expansion | ||||
Series 2022 | ||||
06/15/2052 | 4.000% | 3,000,000 | 2,648,102 | |
McCormick Place Expansion Project | ||||
Series 2020 | ||||
06/15/2050 | 4.000% | 2,400,000 | 2,139,061 | |
Metropolitan Water Reclamation District of Greater Chicago | ||||
Limited General Obligation Refunding Bonds | ||||
Series 2007C | ||||
12/01/2033 | 5.250% | 13,210,000 | 16,774,741 | |
Regional Transportation Authority | ||||
Revenue Bonds | ||||
Series 2002A (NPFGC) | ||||
07/01/2031 | 6.000% | 5,400,000 | 6,909,495 | |
State of Illinois | ||||
Unlimited General Obligation Bonds | ||||
1st Series 2001 (NPFGC) | ||||
11/01/2026 | 6.000% | 3,000,000 | 3,188,449 | |
Rebuild Illinois Program | ||||
Series 2019B | ||||
11/01/2039 | 4.000% | 7,580,000 | 7,273,075 | |
Series 2019C | ||||
11/01/2042 | 4.000% | 9,925,000 | 9,223,317 | |
11/01/2043 | 4.000% | 3,000,000 | 2,768,289 | |
11/01/2044 | 4.000% | 2,000,000 | 1,830,291 | |
Series 2013 | ||||
07/01/2038 | 5.500% | 4,125,000 | 4,150,616 | |
Series 2013A | ||||
04/01/2036 | 5.000% | 8,000,000 | 8,012,442 | |
Series 2014 | ||||
02/01/2039 | 5.000% | 15,000,000 | 15,116,412 | |
Series 2016 | ||||
11/01/2030 | 5.000% | 5,975,000 | 6,282,896 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 11 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2020 | ||||
05/01/2039 | 5.500% | 2,705,000 | 2,936,856 | |
Series 2020C | ||||
05/01/2024 | 5.500% | 1,000,000 | 1,032,223 | |
Series 2022A | ||||
03/01/2047 | 5.500% | 19,000,000 | 20,394,659 | |
Unlimited General Obligation Refunding Bonds | ||||
Series 2018-A | ||||
10/01/2033 | 5.000% | 6,000,000 | 6,392,501 | |
Total | 262,544,369 | |||
Indiana 0.0% | ||||
Indiana Housing & Community Development Authority | ||||
Refunding Revenue Bonds | ||||
Series 2020B-1 (GNMA) | ||||
07/01/2039 | 2.050% | 110,000 | 106,791 | |
Iowa 2.0% | ||||
Iowa Finance Authority | ||||
Refunding Revenue Bonds | ||||
Iowa Fertilizer Co. Project | ||||
Series 2022 | ||||
12/01/2050 | 5.000% | 6,900,000 | 6,931,463 | |
Lifespace Communities, Inc. | ||||
Series 2021 | ||||
05/15/2046 | 4.000% | 6,890,000 | 5,034,529 | |
05/15/2053 | 4.000% | 12,790,000 | 8,820,167 | |
Revenue Bonds | ||||
Council Bluffs, Inc. Project | ||||
Series 2018 | ||||
08/01/2033 | 5.000% | 500,000 | 457,094 | |
08/01/2038 | 5.000% | 500,000 | 426,561 | |
Lifespace Communities, Inc. | ||||
Series 2018A | ||||
05/15/2048 | 5.000% | 9,275,000 | 7,925,257 | |
PEFA, Inc. | ||||
Revenue Bonds | ||||
Series 2019 (Mandatory Put 09/01/26) | ||||
09/01/2049 | 5.000% | 17,500,000 | 18,164,676 | |
Total | 47,759,747 | |||
Kansas 1.0% | ||||
University of Kansas Hospital Authority | ||||
Improvement Refunding Revenue Bonds | ||||
Kansas University Health System | ||||
Series 2015 | ||||
09/01/2045 | 5.000% | 24,000,000 | 24,725,398 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Kentucky 0.5% | ||||
Kentucky Economic Development Finance Authority | ||||
Refunding Revenue Bonds | ||||
Owensboro Health System | ||||
Series 2017A | ||||
06/01/2041 | 5.000% | 1,750,000 | 1,783,457 | |
Kentucky Municipal Power Agency | ||||
Refunding Revenue Bonds | ||||
Forward Delivery Prairie State Project | ||||
Series 2020 | ||||
09/01/2035 | 5.000% | 1,080,000 | 1,181,672 | |
Series 2015A | ||||
09/01/2042 | 5.000% | 6,600,000 | 6,739,980 | |
Kentucky State Property & Building Commission | ||||
Revenue Bonds | ||||
Project #119 | ||||
Series 2018 (BAM) | ||||
05/01/2034 | 5.000% | 2,000,000 | 2,219,596 | |
Total | 11,924,705 | |||
Louisiana 2.2% | ||||
Louisiana Public Facilities Authority | ||||
Prerefunded 05/15/26 Revenue Bonds | ||||
Ochsner Clinic Foundation Project | ||||
Series 2016 | ||||
05/15/2035 | 4.000% | 25,000 | 26,258 | |
05/15/2041 | 4.000% | 25,000 | 26,258 | |
05/15/2047 | 5.000% | 15,000 | 16,226 | |
Refunding Revenue Bonds | ||||
Ochsner Clinic Foundation Project | ||||
Series 2016 | ||||
05/15/2047 | 5.000% | 1,185,000 | 1,217,187 | |
Series 2017 | ||||
05/15/2036 | 5.000% | 1,750,000 | 1,852,864 | |
Revenue Bonds | ||||
Provident Group - Flagship Properties | ||||
Series 2017 | ||||
07/01/2047 | 5.000% | 1,400,000 | 1,444,878 | |
07/01/2052 | 5.000% | 1,600,000 | 1,641,222 | |
Louisiana Public Facilities Authority(b) | ||||
Revenue Bonds | ||||
Impala Warehousing LLC Project | ||||
Series 2013 | ||||
07/01/2036 | 6.500% | 16,695,000 | 16,802,189 | |
New Orleans Aviation Board(b) | ||||
Revenue Bonds | ||||
General Airport-North Terminal | ||||
Series 2017B | ||||
01/01/2048 | 5.000% | 3,725,000 | 3,818,151 | |
Series 2015B | ||||
01/01/2045 | 5.000% | 21,150,000 | 21,372,426 |
12 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Parish of St. James(a) | ||||
Revenue Bonds | ||||
Nustar Logistics LP Project | ||||
Series 2011 (Mandatory Put 06/01/25) | ||||
08/01/2041 | 5.850% | 2,500,000 | 2,576,495 | |
Total | 50,794,154 | |||
Maryland 1.3% | ||||
Maryland Community Development Administration | ||||
Refunding Revenue Bonds | ||||
Series 2019B | ||||
09/01/2034 | 3.000% | 3,000,000 | 2,857,176 | |
Revenue Bonds | ||||
Series 2019C | ||||
09/01/2034 | 2.700% | 4,000,000 | 3,674,547 | |
Maryland Economic Development Corp.(b) | ||||
Revenue Bonds | ||||
Green Bonds - Purple Line Light Rail Project | ||||
Series 2022 | ||||
06/30/2055 | 5.250% | 9,500,000 | 9,733,951 | |
Maryland Economic Development Corp. | ||||
Tax Allocation Bonds | ||||
Port Covington Project | ||||
Series 2020 | ||||
09/01/2040 | 4.000% | 875,000 | 782,876 | |
Maryland Health & Higher Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Mercy Medical Center | ||||
Series 2016A | ||||
07/01/2042 | 4.000% | 5,250,000 | 4,872,960 | |
Meritus Medical Center Issue | ||||
Series 2015 | ||||
07/01/2045 | 5.000% | 3,000,000 | 3,029,816 | |
State of Maryland | ||||
Unlimited General Obligation Bonds | ||||
State & Local Facilities | ||||
Series 2022A | ||||
06/01/2036 | 5.000% | 5,000,000 | 5,945,748 | |
Total | 30,897,074 | |||
Massachusetts 1.3% | ||||
Commonwealth of Massachusetts | ||||
Refunding Revenue Bonds | ||||
Series 2005 (NPFGC) | ||||
01/01/2030 | 5.500% | 2,500,000 | 2,965,092 | |
Massachusetts Bay Transportation Authority | ||||
Revenue Bonds | ||||
Series 2008B | ||||
07/01/2027 | 5.250% | 710,000 | 804,134 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Massachusetts Clean Water Trust (The) | ||||
Refunding Revenue Bonds | ||||
Pool Program | ||||
Series 2006 | ||||
08/01/2030 | 5.250% | 1,000,000 | 1,216,558 | |
Massachusetts Development Finance Agency(c) | ||||
Revenue Bonds | ||||
Adventcare Project | ||||
Series 2007A | ||||
10/15/2028 | 0.000% | 4,150,132 | 415,013 | |
Massachusetts Development Finance Agency | ||||
Revenue Bonds | ||||
Series 2021V | ||||
07/01/2055 | 5.000% | 3,000,000 | 3,617,105 | |
UMass Boston Student Housing Project | ||||
Series 2016 | ||||
10/01/2048 | 5.000% | 6,360,000 | 6,260,150 | |
WGBH Educational Foundation | ||||
Series 2002A (AMBAC) | ||||
01/01/2042 | 5.750% | 2,000,000 | 2,573,331 | |
Massachusetts Health & Educational Facilities Authority | ||||
Revenue Bonds | ||||
Tufts University | ||||
Series 2009M | ||||
02/15/2028 | 5.500% | 1,000,000 | 1,144,546 | |
Massachusetts Housing Finance Agency | ||||
Revenue Bonds | ||||
Special Obligations | ||||
Series 2017D | ||||
12/01/2047 | 3.850% | 10,000,000 | 9,250,764 | |
Massachusetts Port Authority(b) | ||||
Refunding Revenue Bonds | ||||
BosFuel Project | ||||
Series 2019A | ||||
07/01/2044 | 4.000% | 1,500,000 | 1,447,524 | |
Total | 29,694,217 | |||
Michigan 4.0% | ||||
Great Lakes Water Authority Water Supply System | ||||
Revenue Bonds | ||||
2nd Lien | ||||
Series 2016B | ||||
07/01/2046 | 5.000% | 15,385,000 | 16,001,220 | |
Michigan Finance Authority | ||||
Prerefunded 12/01/29 Revenue Bonds | ||||
Trinity Health Group | ||||
Series 2019 | ||||
12/01/2040 | 4.000% | 380,000 | 421,721 | |
Refunding Revenue Bonds | ||||
Henry Ford Health System | ||||
Series 2016 | ||||
11/15/2046 | 4.000% | 9,420,000 | 9,098,838 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 13 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Senior Lien - Great Lakes Water Authority | ||||
Series 2014C-6 | ||||
07/01/2033 | 5.000% | 1,070,000 | 1,099,908 | |
Trinity Health Credit Group | ||||
Series 2019 | ||||
12/01/2038 | 4.000% | 3,250,000 | 3,279,605 | |
Revenue Bonds | ||||
Beaumont Health Credit Group | ||||
Series 2016S | ||||
11/01/2044 | 5.000% | 16,760,000 | 17,190,821 | |
CHE Trinity Health | ||||
Series 2019 | ||||
12/01/2040 | 4.000% | 5,620,000 | 5,607,797 | |
Henry Ford Health System | ||||
Series 2019A | ||||
11/15/2050 | 4.000% | 4,400,000 | 4,188,190 | |
Local Government Loan Program - Great Lakes Water Authority | ||||
Series 2015 | ||||
07/01/2034 | 5.000% | 2,095,000 | 2,184,627 | |
Michigan State Hospital Finance Authority | ||||
Refunding Revenue Bonds | ||||
Ascension Health Senior Care Group | ||||
Series 2010F-4 | ||||
11/15/2047 | 5.000% | 1,250,000 | 1,306,070 | |
Michigan State Housing Development Authority | ||||
Revenue Bonds | ||||
Series 2018A | ||||
10/01/2048 | 4.050% | 5,000,000 | 4,830,821 | |
Michigan Strategic Fund(b) | ||||
Revenue Bonds | ||||
I-75 Improvement Project | ||||
Series 2018 | ||||
12/31/2043 | 5.000% | 8,000,000 | 8,166,428 | |
06/30/2048 | 5.000% | 3,000,000 | 3,040,014 | |
Paw Paw Public Schools | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 1998 (NPFGC) (Qualified School Board Loan Fund) | ||||
05/01/2025 | 5.000% | 760,000 | 783,533 | |
St. John’s Public Schools | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 1998 (NPFGC) (Qualified School Bond Loan Fund) | ||||
05/01/2025 | 5.100% | 1,340,000 | 1,384,462 | |
Wayne County Airport Authority(b) | ||||
Refunding Revenue Bonds | ||||
Series 2015F | ||||
12/01/2033 | 5.000% | 11,495,000 | 12,026,476 | |
Revenue Bonds | ||||
Series 2017B | ||||
12/01/2047 | 5.000% | 1,000,000 | 1,029,482 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Wayne County Airport Authority | ||||
Revenue Bonds | ||||
Series 2015D | ||||
12/01/2045 | 5.000% | 1,945,000 | 2,013,915 | |
Williamston Community School District | ||||
Unlimited General Obligation Bonds | ||||
Series 1996 (NPFGC) (Qualified School Bond Loan Fund) | ||||
05/01/2025 | 5.500% | 305,000 | 316,619 | |
Total | 93,970,547 | |||
Minnesota 1.2% | ||||
City of Minneapolis | ||||
Revenue Bonds | ||||
Fairview Health Services | ||||
Series 2018A | ||||
11/15/2048 | 4.000% | 5,000,000 | 4,746,472 | |
City of Wayzata | ||||
Refunding Revenue Bonds | ||||
Folkstone Senior Living Co. | ||||
Series 2019 | ||||
08/01/2049 | 5.000% | 1,000,000 | 957,549 | |
Southern Minnesota Municipal Power Agency(d) | ||||
Revenue Bonds | ||||
Capital Appreciation | ||||
Series 1994A (NPFGC) | ||||
01/01/2025 | 0.000% | 17,500,000 | 16,563,837 | |
St. Cloud Housing & Redevelopment Authority(c) | ||||
Revenue Bonds | ||||
Sanctuary St. Cloud Project | ||||
Series 2016A | ||||
08/01/2036 | 0.000% | 7,125,000 | 6,056,250 | |
Total | 28,324,108 | |||
Mississippi 0.0% | ||||
Medical Center Educational Building Corp. | ||||
Refunding Revenue Bonds | ||||
University of Mississippi Medical Center | ||||
Series 1998B (AMBAC) | ||||
12/01/2023 | 5.500% | 890,000 | 911,588 | |
Missouri 2.0% | ||||
Health & Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Mosaic Health System | ||||
Series 2019 | ||||
02/15/2049 | 4.000% | 3,200,000 | 3,162,564 | |
Health & Educational Facilities Authority of the State of Missouri | ||||
Revenue Bonds | ||||
Lutheran Senior Services | ||||
Series 2014 | ||||
02/01/2035 | 5.000% | 7,350,000 | 7,356,350 | |
02/01/2044 | 5.000% | 12,725,000 | 12,291,739 |
14 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Kansas City Industrial Development Authority(b) | ||||
Revenue Bonds | ||||
Kansas City International Airport | ||||
Series 2020A | ||||
03/01/2045 | 4.000% | 6,000,000 | 5,737,604 | |
Kirkwood Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Aberdeen Heights Project | ||||
Series 2017 | ||||
05/15/2037 | 5.250% | 2,205,000 | 2,039,641 | |
05/15/2042 | 5.250% | 2,290,000 | 2,049,339 | |
Missouri Housing Development Commission | ||||
Revenue Bonds | ||||
First Place Homeownership Loan Program | ||||
Series 2020A (GNMA) | ||||
11/01/2040 | 2.550% | 1,280,000 | 1,049,909 | |
11/01/2045 | 2.700% | 1,045,000 | 830,047 | |
Missouri Joint Municipal Electric Utility Commission | ||||
Refunding Revenue Bonds | ||||
Series 2016A | ||||
12/01/2041 | 4.000% | 10,000,000 | 10,055,371 | |
St. Louis County Industrial Development Authority | ||||
Revenue Bonds | ||||
Friendship Village Sunset Hills | ||||
Series 2013A | ||||
09/01/2033 | 5.500% | 2,750,000 | 2,764,844 | |
Total | 47,337,408 | |||
Nebraska 2.1% | ||||
Central Plains Energy Project | ||||
Revenue Bonds | ||||
Gas Project No. 5 Series | ||||
Series 2022-1 (Mandatory Put 10/01/29) | ||||
05/01/2053 | 5.000% | 5,400,000 | 5,705,773 | |
Douglas County Hospital Authority No. 2 | ||||
Revenue Bonds | ||||
Madonna Rehabilitation Hospital | ||||
Series 2014 | ||||
05/15/2036 | 5.000% | 1,000,000 | 1,006,491 | |
05/15/2044 | 5.000% | 6,400,000 | 6,405,021 | |
Douglas County Hospital Authority No. 3 | ||||
Refunding Revenue Bonds | ||||
Health Facilities - Nebraska Methodist Health System | ||||
Series 2015 | ||||
11/01/2045 | 5.000% | 7,500,000 | 7,632,473 | |
Nebraska Educational Health Cultural & Social Services Finance Authority | ||||
Refunding Revenue Bonds | ||||
Immanuel Obligated Group | ||||
Series 2019 | ||||
01/01/2044 | 4.000% | 7,500,000 | 7,531,095 | |
01/01/2049 | 4.000% | 20,595,000 | 20,583,768 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Nebraska Investment Finance Authority | ||||
Revenue Bonds | ||||
Series 2019D | ||||
09/01/2042 | 3.050% | 260,000 | 249,018 | |
Total | 49,113,639 | |||
Nevada 0.2% | ||||
City of Carson City | ||||
Refunding Revenue Bonds | ||||
Carson Tahoe Regional Medical Center | ||||
Series 2017 | ||||
09/01/2042 | 5.000% | 1,120,000 | 1,154,866 | |
Revenue Bonds | ||||
Carson Tahoe Regional Medical Center | ||||
Series 2017 | ||||
09/01/2047 | 5.000% | 2,320,000 | 2,389,128 | |
State of Nevada Department of Business & Industry(a) | ||||
Revenue Bonds | ||||
Somerset Academy | ||||
Series 2015A | ||||
12/15/2035 | 5.000% | 1,025,000 | 1,033,655 | |
Series 2018A | ||||
12/15/2038 | 5.000% | 835,000 | 838,491 | |
Total | 5,416,140 | |||
New Hampshire 0.6% | ||||
New Hampshire Business Finance Authority | ||||
Revenue Bonds | ||||
Municipal Certificates | ||||
Series 2020A-1 | ||||
01/20/2034 | 4.125% | 9,374,085 | 9,470,432 | |
New Hampshire Business Finance Authority(a) | ||||
Revenue Bonds | ||||
The Vista Project | ||||
Series 2019A | ||||
07/01/2039 | 5.250% | 1,550,000 | 1,463,572 | |
New Hampshire Health & Education Facilities Authority Act | ||||
Refunding Revenue Bonds | ||||
Elliot Hospital | ||||
Series 2016 | ||||
10/01/2038 | 5.000% | 3,150,000 | 3,230,663 | |
New Hampshire Health & Education Facilities Authority Act(c) | ||||
Revenue Bonds | ||||
Hillside Village | ||||
Series 2017A | ||||
07/01/2037 | 0.000% | 1,460,876 | 321,393 | |
07/01/2042 | 0.000% | 834,787 | 183,653 | |
Total | 14,669,713 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 15 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
New Jersey 3.6% | ||||
City of Atlantic City | ||||
Unlimited General Obligation Bonds | ||||
Tax Appeal | ||||
Series 2017B (AGM) | ||||
03/01/2037 | 5.000% | 910,000 | 970,793 | |
City of Newark Mass Transit Access Tax | ||||
Revenue Bonds | ||||
Mulberry Pedestrian Bridge Redevelopment Project | ||||
Series 2022 (AGM) | ||||
11/15/2062 | 6.000% | 2,000,000 | 2,277,804 | |
Middlesex County Improvement Authority(c) | ||||
Revenue Bonds | ||||
Heldrich Center Hotel | ||||
Series 2005C | ||||
01/01/2037 | 0.000% | 1,500,000 | 15 | |
New Jersey Economic Development Authority | ||||
Refunding Revenue Bonds | ||||
School Facilities Construction | ||||
Series 2005N-1 (AGM) | ||||
09/01/2025 | 5.500% | 14,500,000 | 15,552,493 | |
Series 2005N-1 (NPFGC) | ||||
09/01/2027 | 5.500% | 5,000,000 | 5,599,875 | |
Subordinated Series 2017A | ||||
07/01/2034 | 4.000% | 1,750,000 | 1,778,936 | |
Revenue Bonds | ||||
Portal North Bridge Project | ||||
Series 2022 | ||||
11/01/2052 | 5.000% | 16,250,000 | 17,211,737 | |
Series 2017DDD | ||||
06/15/2042 | 5.000% | 1,250,000 | 1,293,306 | |
Unrefunded Revenue Bonds | ||||
Series 2015WW | ||||
06/15/2040 | 5.250% | 2,600,000 | 2,662,194 | |
New Jersey Housing & Mortgage Finance Agency | ||||
Refunding Revenue Bonds | ||||
Series 2020E (HUD) | ||||
10/01/2040 | 2.250% | 4,345,000 | 3,389,826 | |
New Jersey Transportation Trust Fund Authority | ||||
Refunding Revenue Bonds | ||||
Transportation System | ||||
Series 2018A | ||||
12/15/2034 | 5.000% | 6,000,000 | 6,559,190 | |
Series 2019 | ||||
12/15/2039 | 5.000% | 1,400,000 | 1,490,383 | |
Revenue Bonds | ||||
Transportation Program | ||||
Series 2019 | ||||
06/15/2046 | 5.000% | 3,500,000 | 3,646,302 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2022 | ||||
06/15/2048 | 5.000% | 3,750,000 | 3,990,811 | |
New Jersey Turnpike Authority | ||||
Refunding Revenue Bonds | ||||
Series 2005A (AGM) | ||||
01/01/2030 | 5.250% | 2,000,000 | 2,374,009 | |
Revenue Bonds | ||||
Series 2022B | ||||
01/01/2048 | 4.500% | 3,000,000 | 3,125,595 | |
01/01/2052 | 5.250% | 6,250,000 | 6,997,427 | |
Tobacco Settlement Financing Corp. | ||||
Refunding Revenue Bonds | ||||
Series 2018A | ||||
06/01/2046 | 5.250% | 2,000,000 | 2,089,532 | |
Subordinated Series 2018B | ||||
06/01/2046 | 5.000% | 3,845,000 | 3,882,284 | |
Total | 84,892,512 | |||
New Mexico 0.2% | ||||
New Mexico Mortgage Finance Authority | ||||
Revenue Bonds | ||||
Single Family Mortgage Program | ||||
Series 2019C Class I (GNMA) | ||||
07/01/2034 | 3.050% | 1,530,000 | 1,414,896 | |
07/01/2039 | 3.350% | 1,285,000 | 1,226,731 | |
07/01/2044 | 3.600% | 2,675,000 | 2,569,640 | |
Total | 5,211,267 | |||
New York 7.5% | ||||
Build NYC Resource Corp.(a),(b) | ||||
Refunding Revenue Bonds | ||||
Pratt Paper, Inc. Project | ||||
Series 2014 | ||||
01/01/2025 | 4.500% | 100,000 | 101,487 | |
City of New York | ||||
Unlimited General Obligation Bonds | ||||
Series 2022A-1 | ||||
09/01/2046 | 4.000% | 2,500,000 | 2,462,270 | |
Subordinated Series 2022B-1 | ||||
10/01/2047 | 5.250% | 2,500,000 | 2,828,388 | |
Housing Development Corp. | ||||
Revenue Bonds | ||||
Sustainable Neighborhood | ||||
Series 2017G | ||||
11/01/2042 | 3.600% | 4,000,000 | 3,647,591 | |
Metropolitan Transportation Authority | ||||
Revenue Bonds | ||||
Green Bonds | ||||
Series 2020C-1 | ||||
11/15/2050 | 5.000% | 4,915,000 | 5,035,207 |
16 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
New York City Housing Development Corp. | ||||
Revenue Bonds | ||||
Sustainable Neighborhood | ||||
Series 2019 | ||||
11/01/2044 | 3.150% | 8,000,000 | 6,628,446 | |
New York City Municipal Water Finance Authority | ||||
Revenue Bonds | ||||
Series 2022CC-1 | ||||
06/15/2052 | 4.000% | 19,575,000 | 19,205,076 | |
New York City Transitional Finance Authority | ||||
Revenue Bonds | ||||
Future Tax Secured | ||||
Subordinated Series 2020D | ||||
11/01/2040 | 4.000% | 10,000,000 | 10,094,625 | |
Subordinated Series 2022A-1 | ||||
08/01/2044 | 5.000% | 1,900,000 | 2,133,456 | |
08/01/2048 | 4.000% | 2,400,000 | 2,344,450 | |
Subordinated Series 2022F-1 | ||||
02/01/2051 | 4.000% | 2,000,000 | 1,946,294 | |
02/01/2051 | 5.000% | 1,375,000 | 1,514,795 | |
New York Counties Tobacco Trust VI | ||||
Tobacco Settlement Pass-Through Bonds | ||||
Series 2016 | ||||
06/01/2045 | 5.000% | 1,860,000 | 1,818,271 | |
New York Liberty Development Corp. | ||||
Refunding Revenue Bonds | ||||
Series 2021-1WTC | ||||
02/15/2042 | 3.000% | 1,210,000 | 1,011,561 | |
New York State Dormitory Authority | ||||
Refunding Revenue Bonds | ||||
Series 2019A-3 | ||||
03/15/2041 | 5.000% | 2,000,000 | 2,180,282 | |
Revenue Bonds | ||||
Independent School District-Educational Housing Services | ||||
Series 2005 (AMBAC) | ||||
07/01/2030 | 5.250% | 3,000,000 | 3,246,182 | |
Series 2020A | ||||
07/01/2053 | 4.000% | 4,000,000 | 3,850,354 | |
New York State Thruway Authority | ||||
Refunding Revenue Bonds | ||||
Personal Income Tax - Bidding Group | ||||
Series 2022A | ||||
03/15/2050 | 4.000% | 14,000,000 | 13,753,264 | |
New York Transportation Development Corp. | ||||
Refunding Revenue Bonds | ||||
Terminal 4 John F. Kennedy International Airport Project | ||||
Series 2020 | ||||
12/01/2040 | 4.000% | 1,800,000 | 1,742,562 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
New York Transportation Development Corp.(b) | ||||
Revenue Bonds | ||||
Delta Air Lines, Inc. LaGuardia | ||||
Series 2020 | ||||
10/01/2035 | 5.000% | 8,000,000 | 8,348,962 | |
New York State Thruway Service Areas Project | ||||
Series 2021 | ||||
10/31/2041 | 4.000% | 1,430,000 | 1,321,641 | |
Terminal 4 John F. Kennedy International Airport Project | ||||
Series 2022 | ||||
12/01/2041 | 5.000% | 5,750,000 | 5,940,234 | |
12/01/2042 | 4.000% | 4,355,000 | 4,015,031 | |
Port Authority of New York & New Jersey(b) | ||||
Revenue Bonds | ||||
Consolidated 218th | ||||
Series 2019 | ||||
11/01/2041 | 4.000% | 1,000,000 | 985,990 | |
Consolidated Bonds | ||||
Series 221 | ||||
07/15/2039 | 4.000% | 6,500,000 | 6,493,551 | |
07/15/2040 | 4.000% | 6,000,000 | 5,964,978 | |
State of New York Mortgage Agency | ||||
Refunding Revenue Bonds | ||||
Series 2018-211 | ||||
10/01/2043 | 3.750% | 11,620,000 | 10,850,799 | |
Triborough Bridge & Tunnel Authority | ||||
Refunding Revenue Bonds | ||||
MTA Bridges and Tunnels | ||||
Series 2022 | ||||
05/15/2052 | 5.000% | 6,000,000 | 7,074,284 | |
05/15/2057 | 5.000% | 10,500,000 | 11,460,965 | |
Revenue Bonds | ||||
Senior Lien Green Bonds | ||||
Series 2022D-2 | ||||
05/15/2052 | 5.500% | 3,000,000 | 3,501,190 | |
Series 2022A | ||||
11/15/2052 | 4.000% | 12,500,000 | 12,240,875 | |
Ulster County Capital Resource Corp.(a) | ||||
Refunding Revenue Bonds | ||||
Woodland Pond at New Paltz | ||||
Series 2017 | ||||
09/15/2042 | 5.250% | 2,480,000 | 2,013,742 | |
09/15/2047 | 5.250% | 3,025,000 | 2,357,694 | |
09/15/2053 | 5.250% | 6,240,000 | 4,694,302 | |
Westchester County Local Development Corp. | ||||
Refunding Revenue Bonds | ||||
Westchester Medical Center | ||||
Series 2016 | ||||
11/01/2046 | 5.000% | 4,000,000 | 3,876,266 | |
Total | 176,685,065 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 17 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
North Carolina 1.2% | ||||
North Carolina Department of Transportation(b) | ||||
Revenue Bonds | ||||
I-77 Hot Lanes Project | ||||
Series 2015 | ||||
06/30/2054 | 5.000% | 12,500,000 | 12,539,011 | |
North Carolina Medical Care Commission | ||||
Refunding Revenue Bonds | ||||
Series 2021C | ||||
03/01/2042 | 4.000% | 2,500,000 | 1,989,579 | |
Sharon Towers | ||||
Series 2019A | ||||
07/01/2039 | 5.000% | 1,650,000 | 1,613,789 | |
07/01/2044 | 5.000% | 2,260,000 | 2,159,776 | |
Revenue Bonds | ||||
Novant Health Obligated Group | ||||
Series 2019A | ||||
11/01/2052 | 4.000% | 2,815,000 | 2,728,494 | |
North Carolina Turnpike Authority(d) | ||||
Revenue Bonds | ||||
Series 2017C | ||||
07/01/2030 | 0.000% | 445,000 | 326,524 | |
07/01/2034 | 0.000% | 1,135,000 | 674,892 | |
Series 2019 | ||||
01/01/2044 | 0.000% | 4,000,000 | 1,659,832 | |
Triangle Expressway System | ||||
Series 2019 | ||||
01/01/2042 | 0.000% | 6,550,000 | 2,992,897 | |
01/01/2043 | 0.000% | 3,500,000 | 1,525,631 | |
Total | 28,210,425 | |||
North Dakota 0.2% | ||||
North Dakota Housing Finance Agency | ||||
Revenue Bonds | ||||
Home Mortgage Program | ||||
Series 2019 | ||||
07/01/2043 | 3.050% | 1,405,000 | 1,179,199 | |
Housing Finance Program | ||||
Series 2017 (FHA) | ||||
07/01/2037 | 3.450% | 700,000 | 690,502 | |
Housing Finance Program-Home Mortgage Finance | ||||
Series 2018 | ||||
07/01/2042 | 3.950% | 1,845,000 | 1,807,471 | |
Total | 3,677,172 | |||
Ohio 2.5% | ||||
Buckeye Tobacco Settlement Financing Authority | ||||
Refunding Revenue Bonds | ||||
Series 2020A-2 Class 1 | ||||
06/01/2039 | 4.000% | 2,000,000 | 1,936,744 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Refunding Senior Revenue Bonds | ||||
Series 2020B-2 | ||||
06/01/2055 | 5.000% | 25,090,000 | 23,923,751 | |
County of Hamilton | ||||
Revenue Bonds | ||||
Cincinnati Children’s Hospital Project | ||||
Series 2019 | ||||
11/15/2049 | 5.000% | 10,000,000 | 11,135,022 | |
County of Marion | ||||
Refunding Revenue Bonds | ||||
United Church Homes, Inc. | ||||
Series 2019 | ||||
12/01/2049 | 5.125% | 625,000 | 559,345 | |
Lake County Port & Economic Development Authority(a),(c) | ||||
Revenue Bonds | ||||
1st Mortgage - Tapestry Wickliffe LLC | ||||
Series 2017 | ||||
12/01/2037 | 0.000% | 6,000,000 | 1,740,000 | |
12/01/2052 | 0.000% | 1,500,000 | 435,000 | |
Ohio Air Quality Development Authority(a),(b) | ||||
Revenue Bonds | ||||
Pratt Paper LLC Project | ||||
Series 2017 | ||||
01/15/2038 | 4.250% | 1,000,000 | 969,805 | |
Ohio Turnpike & Infrastructure Commission | ||||
Refunding Revenue Bonds | ||||
Series 1998A (NPFGC) | ||||
02/15/2026 | 5.500% | 3,000,000 | 3,247,155 | |
State of Ohio(b) | ||||
Revenue Bonds | ||||
Portsmouth Bypass Project | ||||
Series 2015 | ||||
06/30/2053 | 5.000% | 9,835,000 | 9,882,307 | |
Toledo-Lucas County Port Authority | ||||
Revenue Bonds | ||||
University of Toledo Project | ||||
Series 2014 | ||||
07/01/2046 | 5.000% | 5,000,000 | 4,832,435 | |
Total | 58,661,564 | |||
Oklahoma 0.1% | ||||
Tulsa County Industrial Authority | ||||
Refunding Revenue Bonds | ||||
Montereau, Inc. Project | ||||
Series 2017 | ||||
11/15/2045 | 5.250% | 2,720,000 | 2,731,187 | |
Oregon 0.7% | ||||
Clackamas County Hospital Facility Authority | ||||
Refunding Revenue Bonds | ||||
Rose Villa Project | ||||
Series 2020A | ||||
11/15/2050 | 5.250% | 1,000,000 | 924,444 |
18 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Hospital Facilities Authority of Multnomah County | ||||
Refunding Revenue Bonds | ||||
Mirabella at South Waterfront | ||||
Series 2014A | ||||
10/01/2044 | 5.400% | 3,225,000 | 3,208,442 | |
Port of Portland Airport(b) | ||||
Revenue Bonds | ||||
Series 2017-24B | ||||
07/01/2034 | 5.000% | 1,355,000 | 1,439,354 | |
07/01/2042 | 5.000% | 2,000,000 | 2,071,422 | |
State of Oregon Housing & Community Services Department | ||||
Revenue Bonds | ||||
Series 2017D | ||||
01/01/2038 | 3.450% | 2,820,000 | 2,804,916 | |
Washington & Multnomah Counties School District No. 48J Beaverton(d) | ||||
Unlimited General Obligation Bonds | ||||
Series 2022A | ||||
06/15/2048 | 0.000% | 20,000,000 | 5,970,976 | |
Total | 16,419,554 | |||
Pennsylvania 9.4% | ||||
Bucks County Industrial Development Authority | ||||
Revenue Bonds | ||||
St. Luke’s University Health Network | ||||
Series 2019 | ||||
08/15/2050 | 4.000% | 4,000,000 | 3,699,000 | |
Commonwealth Financing Authority | ||||
Revenue Bonds | ||||
Tobacco Master Settlement Payment | ||||
Series 2018 | ||||
06/01/2034 | 5.000% | 1,000,000 | 1,101,431 | |
Commonwealth of Pennsylvania | ||||
Refunding Certificate of Participation | ||||
Series 2018A | ||||
07/01/2043 | 5.000% | 2,500,000 | 2,660,626 | |
Cumberland County Municipal Authority | ||||
Prerefunded 01/01/25 Revenue Bonds | ||||
Diakon Lutheran Social Ministries | ||||
Series 2015 | ||||
01/01/2038 | 5.000% | 865,000 | 907,083 | |
Refunding Revenue Bonds | ||||
Diakon Lutheran | ||||
Series 2015 | ||||
01/01/2038 | 5.000% | 4,385,000 | 4,429,413 | |
Delaware Valley Regional Finance Authority | ||||
Revenue Bonds | ||||
Series 1997C (AMBAC) | ||||
07/01/2027 | 7.750% | 1,000,000 | 1,216,237 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Franklin County Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Menno-Haven, Inc. Project | ||||
Series 2018 | ||||
12/01/2048 | 5.000% | 1,300,000 | 1,090,015 | |
Geisinger Authority | ||||
Refunding Revenue Bonds | ||||
Geisinger Health System | ||||
Series 2017 | ||||
02/15/2039 | 4.000% | 6,000,000 | 6,020,315 | |
Montgomery County Industrial Development Authority | ||||
Refunding Revenue Bonds | ||||
Meadowood Senior Living Project | ||||
Series 2018 | ||||
12/01/2048 | 5.000% | 2,000,000 | 1,999,846 | |
Northampton County General Purpose Authority | ||||
Refunding Revenue Bonds | ||||
St. Luke’s University Health Network | ||||
Series 2018 | ||||
08/15/2048 | 4.000% | 20,000,000 | 18,932,844 | |
Pennsylvania Economic Development Financing Authority | ||||
Refunding Revenue Bonds | ||||
Series 2017A | ||||
11/15/2042 | 4.000% | 30,000,000 | 29,498,034 | |
Pennsylvania Economic Development Financing Authority(a),(c) | ||||
Refunding Revenue Bonds | ||||
Tapestry Moon Senior Housing Project | ||||
Series 2018 | ||||
12/01/2053 | 0.000% | 5,625,000 | 2,144,531 | |
Pennsylvania Economic Development Financing Authority(b) | ||||
Revenue Bonds | ||||
PA Bridges Finco LP | ||||
Series 2015 | ||||
12/31/2038 | 5.000% | 1,625,000 | 1,641,847 | |
06/30/2042 | 5.000% | 24,375,000 | 24,454,075 | |
Proctor & Gamble Paper Project | ||||
Series 2001 | ||||
03/01/2031 | 5.375% | 1,000,000 | 1,175,893 | |
The PennDOT Major Bridges Package One Project | ||||
Series 2022 | ||||
06/30/2061 | 6.000% | 3,000,000 | 3,326,181 | |
Series 2022 (AGM) | ||||
12/31/2057 | 5.000% | 5,000,000 | 5,226,481 | |
Pennsylvania Housing Finance Agency | ||||
Refunding Revenue Bonds | ||||
Series 2017-124B | ||||
10/01/2037 | 3.500% | 16,000,000 | 15,160,307 | |
Revenue Bonds | ||||
Series 2019-129 | ||||
10/01/2039 | 3.150% | 7,730,000 | 6,885,520 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 19 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Pennsylvania Turnpike Commission | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2015A-1 | ||||
12/01/2045 | 5.250% | 25,295,000 | 26,408,220 | |
Subordinated Series 2016A-1 | ||||
12/01/2046 | 5.000% | 5,000,000 | 5,152,772 | |
Revenue Bonds | ||||
Series 2014B | ||||
12/01/2044 | 5.250% | 10,000,000 | 10,235,684 | |
Subordinated Series 2014A-1 | ||||
12/01/2043 | 5.000% | 16,940,000 | 17,276,212 | |
Subordinated Series 2017B-1 | ||||
06/01/2042 | 5.000% | 15,000,000 | 15,690,905 | |
Subordinated Series 2018B | ||||
12/01/2043 | 5.000% | 7,000,000 | 7,449,343 | |
Philadelphia Authority for Industrial Development | ||||
Revenue Bonds | ||||
First Philadelphia Preparatory Charter School | ||||
Series 2014 | ||||
06/15/2043 | 7.250% | 5,475,000 | 5,700,537 | |
School District of Philadelphia (The) | ||||
Limited General Obligation Bonds | ||||
Series 2018A | ||||
09/01/2037 | 5.000% | 1,000,000 | 1,084,377 | |
Series 2018B | ||||
09/01/2043 | 5.000% | 985,000 | 1,052,408 | |
Total | 221,620,137 | |||
Puerto Rico 2.2% | ||||
Commonwealth of Puerto Rico(d),(f) | ||||
Revenue Notes | ||||
Series 2022 | ||||
11/01/2051 | 0.000% | 3,508,841 | 1,543,890 | |
Subordinated Series 2022 | ||||
11/01/2043 | 0.000% | 2,805,420 | 1,237,892 | |
Puerto Rico Commonwealth Aqueduct & Sewer Authority(f) | ||||
Refunding Revenue Bonds | ||||
Senior Lien | ||||
Series 2020A | ||||
07/01/2047 | 5.000% | 2,000,000 | 1,972,163 | |
Puerto Rico Electric Power Authority(c),(f) | ||||
Revenue Bonds | ||||
Series 2010XX | ||||
07/01/2040 | 0.000% | 7,000,000 | 4,900,000 | |
Series 2012A | ||||
07/01/2042 | 0.000% | 7,000,000 | 4,882,500 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Puerto Rico Public Finance Corp.(f) | ||||
Revenue Bonds | ||||
Commonwealth Appropriation | ||||
Series 2002E Escrowed to Maturity (AMBAC) | ||||
08/01/2027 | 5.500% | 450,000 | 508,550 | |
Unrefunded Revenue Bonds | ||||
Commonwealth Appropriation | ||||
Series 2002E Escrowed to Maturity | ||||
08/01/2026 | 6.000% | 2,470,000 | 2,759,239 | |
Series 2002E Escrowed to Maturity (AMBAC) | ||||
08/01/2027 | 5.500% | 1,050,000 | 1,186,617 | |
Puerto Rico Sales Tax Financing Corp.(d),(f) | ||||
Revenue Bonds | ||||
Series 2018A-1 | ||||
07/01/2046 | 0.000% | 93,959,000 | 25,801,799 | |
Puerto Rico Sales Tax Financing Corp.(f) | ||||
Revenue Bonds | ||||
Series 2019A1 | ||||
07/01/2058 | 5.000% | 7,000,000 | 6,896,741 | |
Total | 51,689,391 | |||
South Carolina 1.7% | ||||
Piedmont Municipal Power Agency | ||||
Unrefunded Revenue Bonds | ||||
Series 1993 (NPFGC) | ||||
01/01/2025 | 5.375% | 10,660,000 | 11,185,725 | |
South Carolina Jobs-Economic Development Authority | ||||
Prerefunded 11/01/24 Revenue Bonds | ||||
York Preparatory Academy Project | ||||
Series 2014A | ||||
11/01/2033 | 7.000% | 910,000 | 976,337 | |
Refunding Revenue Bonds | ||||
Bon Secours Mercy Health, Inc. | ||||
Series 2020 | ||||
12/01/2046 | 5.000% | 4,200,000 | 4,489,577 | |
Revenue Bonds | ||||
York Preparatory Academy Project | ||||
Series 2014A Escrowed to Maturity | ||||
11/01/2023 | 5.750% | 185,000 | 189,195 | |
South Carolina Ports Authority(b) | ||||
Revenue Bonds | ||||
Series 2018 | ||||
07/01/2048 | 5.000% | 4,260,000 | 4,417,516 | |
07/01/2055 | 5.000% | 1,380,000 | 1,427,558 | |
South Carolina Public Service Authority | ||||
Revenue Bonds | ||||
Series 2022A | ||||
12/01/2052 | 4.000% | 18,000,000 | 16,834,502 |
20 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
South Carolina State Housing Finance & Development Authority | ||||
Revenue Bonds | ||||
Series 2020A | ||||
07/01/2035 | 2.650% | 895,000 | 815,328 | |
07/01/2040 | 3.000% | 895,000 | 777,681 | |
Total | 41,113,419 | |||
South Dakota 0.3% | ||||
South Dakota Health & Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Sanford Obligated Group | ||||
Series 2015 | ||||
11/01/2045 | 5.000% | 4,500,000 | 4,573,652 | |
Revenue Bonds | ||||
Regional Health | ||||
Series 2017 | ||||
09/01/2040 | 5.000% | 1,500,000 | 1,538,365 | |
Total | 6,112,017 | |||
Tennessee 2.5% | ||||
Chattanooga Health Educational & Housing Facility Board | ||||
Refunding Revenue Bonds | ||||
Student Housing - CDFI Phase I | ||||
Series 2015 | ||||
10/01/2032 | 5.000% | 1,300,000 | 1,317,697 | |
10/01/2035 | 5.000% | 645,000 | 651,520 | |
Greeneville Health & Educational Facilities Board | ||||
Refunding Revenue Bonds | ||||
Ballad Health Obligation Group | ||||
Series 2018 | ||||
07/01/2035 | 5.000% | 1,000,000 | 1,076,824 | |
07/01/2040 | 4.000% | 7,200,000 | 7,060,848 | |
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board | ||||
Revenue Bonds | ||||
Vanderbilt University Medical Center | ||||
Series 2016 | ||||
07/01/2046 | 5.000% | 6,800,000 | 6,964,936 | |
Series 2017A | ||||
07/01/2048 | 5.000% | 1,665,000 | 1,701,407 | |
New Memphis Arena Public Building Authority(d) | ||||
Revenue Bonds | ||||
City of Memphis Project | ||||
Series 2021 | ||||
04/01/2041 | 0.000% | 1,500,000 | 674,677 | |
04/01/2043 | 0.000% | 1,500,000 | 603,884 | |
04/01/2045 | 0.000% | 1,500,000 | 542,849 | |
04/01/2046 | 0.000% | 750,000 | 257,528 | |
Shelby County Health Educational & Housing Facilities Board | ||||
Revenue Bonds | ||||
Farms at Bailey Station (The) | ||||
Series 2019 | ||||
10/01/2054 | 5.750% | 12,000,000 | 8,562,220 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Tennessee Energy Acquisition Corp.(e) | ||||
Refunding Revenue Bonds | ||||
Gas Project | ||||
Series 2023A-1 (Mandatory Put 05/01/28) | ||||
05/01/2053 | 5.000% | 18,500,000 | 19,347,650 | |
Tennessee Housing Development Agency | ||||
Revenue Bonds | ||||
3rd Issue | ||||
Series 2017 | ||||
07/01/2037 | 3.400% | 690,000 | 673,125 | |
07/01/2042 | 3.600% | 460,000 | 450,832 | |
Issue 3 | ||||
Series 2018 | ||||
01/01/2049 | 3.950% | 4,855,000 | 4,791,099 | |
Social Bond | ||||
Series 2022-2 | ||||
01/01/2048 | 4.350% | 3,500,000 | 3,520,011 | |
Total | 58,197,107 | |||
Texas 10.1% | ||||
Arlington Higher Education Finance Corp.(a) | ||||
Revenue Bonds | ||||
Legacy Traditional Schools - Texas Project | ||||
Series 2022 | ||||
02/15/2062 | 6.750% | 5,000,000 | 5,024,768 | |
Austin Independent School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2023 | ||||
08/01/2048 | 4.000% | 4,400,000 | 4,411,447 | |
Central Texas Regional Mobility Authority(d) | ||||
Revenue Bonds | ||||
Capital Appreciation | ||||
Series 2010 | ||||
01/01/2025 | 0.000% | 2,000,000 | 1,870,678 | |
Central Texas Turnpike System | ||||
Refunding Revenue Bonds | ||||
Subordinated Series 2015C | ||||
08/15/2037 | 5.000% | 10,000,000 | 10,209,155 | |
08/15/2042 | 5.000% | 14,730,000 | 14,963,777 | |
City of Austin Airport System(b) | ||||
Revenue Bonds | ||||
Series 2017B | ||||
11/15/2041 | 5.000% | 1,000,000 | 1,036,976 | |
11/15/2046 | 5.000% | 3,000,000 | 3,083,191 | |
City of Houston Airport System(b) | ||||
Revenue Bonds | ||||
Subordinated Series 2020A | ||||
07/01/2047 | 4.000% | 800,000 | 762,061 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 21 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Clifton Higher Education Finance Corp. | ||||
Revenue Bonds | ||||
Idea Public Schools | ||||
Series 2012 | ||||
08/15/2032 | 5.000% | 2,165,000 | 2,168,799 | |
08/15/2042 | 5.000% | 2,350,000 | 2,352,356 | |
Series 2013 | ||||
08/15/2033 | 6.000% | 990,000 | 1,006,581 | |
International Leadership | ||||
Series 2015 | ||||
08/15/2038 | 5.750% | 3,000,000 | 3,055,761 | |
International Leadership of Texas | ||||
Series 2015 | ||||
08/15/2045 | 5.750% | 10,500,000 | 10,642,771 | |
Series 2015A | ||||
12/01/2035 | 5.000% | 2,200,000 | 2,249,121 | |
12/01/2045 | 5.000% | 1,100,000 | 1,111,275 | |
Collin County Community College District | ||||
Limited General Obligation Bonds | ||||
Series 2020A | ||||
08/15/2036 | 4.000% | 1,250,000 | 1,297,925 | |
Conroe Independent School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2022A | ||||
02/15/2047 | 4.000% | 4,310,000 | 4,347,105 | |
Dallas Independent School District(e) | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2023 | ||||
02/15/2048 | 5.000% | 5,000,000 | 5,584,669 | |
Dallas Love Field(b) | ||||
Revenue Bonds | ||||
Series 2017 | ||||
11/01/2034 | 5.000% | 750,000 | 793,581 | |
11/01/2035 | 5.000% | 1,000,000 | 1,050,751 | |
Dallas/Fort Worth International Airport(b) | ||||
Refunding Revenue Bonds | ||||
Series 2014A | ||||
11/01/2032 | 5.000% | 3,400,000 | 3,443,006 | |
Deaf Smith County Hospital District | ||||
Limited General Obligation Refunding Bonds | ||||
Series 2017 | ||||
03/01/2030 | 5.000% | 1,000,000 | 1,057,337 | |
03/01/2034 | 5.000% | 645,000 | 678,568 | |
Harris County Toll Road Authority (The) | ||||
Refunding Revenue Bonds | ||||
Senior Lien | ||||
Series 2018A | ||||
08/15/2048 | 4.000% | 4,000,000 | 3,963,309 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Humble Independent School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2022 | ||||
02/15/2052 | 4.000% | 2,000,000 | 2,005,823 | |
Katy Independent School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2022 | ||||
02/15/2052 | 4.000% | 3,300,000 | 3,306,446 | |
New Hope Cultural Education Facilities Finance Corp. | ||||
Refunding Revenue Bonds | ||||
Texas Children’s Health System | ||||
Series 2017A | ||||
08/15/2040 | 4.000% | 7,015,000 | 7,047,638 | |
Revenue Bonds | ||||
Collegiate Housing College Station | ||||
Series 2014 | ||||
04/01/2046 | 5.000% | 7,250,000 | 6,804,985 | |
New Hope Cultural Education Facilities Finance Corp.(c) | ||||
Revenue Bonds | ||||
Bridgemoor Plano Project | ||||
Series 2018 | ||||
12/01/2053 | 0.000% | 9,000,000 | 8,100,000 | |
Cardinal Bay, Inc. - Village on the Park | ||||
Series 2016 | ||||
07/01/2031 | 0.000% | 1,000,000 | 500,000 | |
07/01/2051 | 0.000% | 6,745,000 | 3,372,500 | |
Cardinal Bay, Inc. - Village on the Park/Carriage Inn Project | ||||
Series 2016 | ||||
07/01/2046 | 0.000% | 3,335,000 | 1,667,500 | |
North Texas Tollway Authority | ||||
Refunding Revenue Bonds | ||||
2nd Tier | ||||
Series 2015A | ||||
01/01/2038 | 5.000% | 9,230,000 | 9,532,961 | |
Series 2019A | ||||
01/01/2037 | 4.000% | 5,000,000 | 5,100,620 | |
Plano Independent School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2023 | ||||
02/15/2043 | 5.000% | 5,990,000 | 6,796,925 | |
Pottsboro Higher Education Finance Corp. | ||||
Revenue Bonds | ||||
Series 2016A | ||||
08/15/2036 | 5.000% | 390,000 | 382,479 | |
Prosper Independent School District | ||||
Unlimited General Obligation Bonds | ||||
Series 2022 | ||||
02/15/2052 | 4.000% | 4,800,000 | 4,811,494 |
22 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Red River Health Facilities Development Corp. | ||||
Prerefunded 11/15/24 Revenue Bonds | ||||
MRC Crossings Project | ||||
Series 2014A | ||||
11/15/2034 | 7.500% | 2,000,000 | 2,171,778 | |
Sanger Industrial Development Corp.(a),(b),(c) | ||||
Revenue Bonds | ||||
Texas Pellets Project | ||||
Series 2012B | ||||
07/01/2038 | 0.000% | 34,645,000 | 8,661,250 | |
Tarrant County College District | ||||
Limited General Obligation Bonds | ||||
Series 2022 | ||||
08/15/2042 | 4.000% | 15,600,000 | 16,119,895 | |
Tarrant County Cultural Education Facilities Finance Corp. | ||||
Refunding Revenue Bonds | ||||
Trinity Terrace Project | ||||
Series 2014 | ||||
10/01/2044 | 5.000% | 2,500,000 | 2,480,146 | |
10/01/2049 | 5.000% | 1,870,000 | 1,818,023 | |
Revenue Bonds | ||||
Methodist Hospitals of Dallas | ||||
Series 2022 | ||||
10/01/2052 | 4.000% | 2,650,000 | 2,573,087 | |
Tarrant County Cultural Education Facilities Finance Corp.(c) | ||||
Revenue Bonds | ||||
CC Young Memorial Home | ||||
Series 2009A | ||||
02/15/2038 | 0.000% | 3,500,000 | 1,925,000 | |
Texas Private Activity Bond Surface Transportation Corp. | ||||
Refunding Revenue Bonds | ||||
LBJ Infrastructure Group LLC I-635 Managed Lanes Project | ||||
Series 2020 | ||||
12/31/2039 | 4.000% | 400,000 | 386,691 | |
Senior Lien - North Tarrant Express | ||||
Series 2019 | ||||
12/31/2038 | 4.000% | 3,500,000 | 3,330,721 | |
Texas Private Activity Bond Surface Transportation Corp.(b) | ||||
Revenue Bonds | ||||
Segment 3C Project | ||||
Series 2019 | ||||
06/30/2058 | 5.000% | 22,445,000 | 22,713,828 | |
Senior Lien - Blueridge Transportation Group LLC | ||||
Series 2016 | ||||
12/31/2040 | 5.000% | 2,000,000 | 2,022,221 | |
12/31/2055 | 5.000% | 6,250,000 | 6,261,584 | |
Texas Transportation Commission | ||||
Revenue Bonds | ||||
State Highway 249 System Toll | ||||
Series 2019 | ||||
08/01/2057 | 5.000% | 2,000,000 | 2,031,110 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Tomball Independent School District | ||||
Unlimited General Obligation Bonds | ||||
School Building | ||||
Series 2020 | ||||
02/15/2034 | 3.000% | 1,750,000 | 1,762,090 | |
02/15/2035 | 3.000% | 1,750,000 | 1,736,403 | |
02/15/2036 | 3.000% | 1,435,000 | 1,397,501 | |
02/15/2038 | 4.000% | 500,000 | 516,843 | |
02/15/2040 | 4.000% | 1,000,000 | 1,025,481 | |
Tomball Independent School District(e) | ||||
Unlimited General Obligation Bonds | ||||
Series 2023 | ||||
02/15/2048 | 5.000% | 11,750,000 | 13,434,138 | |
Total | 237,962,129 | |||
Utah 0.4% | ||||
Salt Lake City Corp. Airport(b) | ||||
Revenue Bonds | ||||
Series 2017A | ||||
07/01/2047 | 5.000% | 6,500,000 | 6,687,250 | |
UIPA Crossroads Public Infrastructure District(a) | ||||
Tax Allocation Bonds | ||||
Series 2021 | ||||
06/01/2052 | 4.375% | 2,740,000 | 2,384,351 | |
Total | 9,071,601 | |||
Virginia 1.4% | ||||
Chesapeake Bay Bridge & Tunnel District | ||||
Revenue Bonds | ||||
1st Tier General Resolution | ||||
Series 2016 | ||||
07/01/2046 | 5.000% | 3,500,000 | 3,574,848 | |
Fredericksburg Economic Development Authority | ||||
Refunding Revenue Bonds | ||||
Mary Washington Healthcare Obligation | ||||
Series 2014 | ||||
06/15/2031 | 5.000% | 800,000 | 819,850 | |
06/15/2033 | 5.000% | 500,000 | 511,623 | |
Virginia Small Business Financing Authority(b) | ||||
Refunding Revenue Bonds | ||||
Senior Lien - 95 Express Lanes LLC Project | ||||
Series 2022 | ||||
01/01/2048 | 4.000% | 3,750,000 | 3,393,515 | |
Revenue Bonds | ||||
Transform 66 P3 Project | ||||
Series 2017 | ||||
12/31/2052 | 5.000% | 3,750,000 | 3,751,270 | |
12/31/2056 | 5.000% | 21,800,000 | 21,658,708 | |
Total | 33,709,814 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 23 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Washington 1.4% | ||||
King County Housing Authority | ||||
Refunding Revenue Bonds | ||||
Series 2018 | ||||
05/01/2038 | 3.750% | 2,915,000 | 2,833,457 | |
King County Public Hospital District No. 4 | ||||
Revenue Bonds | ||||
Series 2015A | ||||
12/01/2035 | 6.000% | 1,300,000 | 1,344,735 | |
12/01/2045 | 6.250% | 2,500,000 | 2,582,734 | |
Port of Seattle(b) | ||||
Revenue Bonds | ||||
Series 2018A | ||||
05/01/2043 | 5.000% | 8,000,000 | 8,299,193 | |
Washington Health Care Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Multicare Health System | ||||
Series 2017B | ||||
08/15/2041 | 4.000% | 10,500,000 | 10,142,580 | |
Virginia Mason Medical Center | ||||
Series 2017 | ||||
08/15/2042 | 4.000% | 3,335,000 | 3,085,284 | |
Washington State Housing Finance Commission | ||||
Prerefunded 07/01/25 Revenue Bonds | ||||
Heron’s Key | ||||
Series 2015A | ||||
07/01/2030 | 6.500% | 730,000 | 788,964 | |
07/01/2035 | 6.750% | 550,000 | 597,603 | |
Washington State Housing Finance Commission(a) | ||||
Prerefunded 07/01/25 Revenue Bonds | ||||
Heron’s Key | ||||
Series 2015A | ||||
07/01/2050 | 7.000% | 1,250,000 | 1,364,494 | |
Refunding Revenue Bonds | ||||
Skyline 1st Hill Project | ||||
Series 2015 | ||||
01/01/2025 | 5.000% | 330,000 | 327,496 | |
01/01/2035 | 5.750% | 575,000 | 561,421 | |
Total | 31,927,961 | |||
West Virginia 0.9% | ||||
West Virginia Hospital Finance Authority | ||||
Refunding Revenue Bonds | ||||
Cabell Huntington Hospital Obligation | ||||
Series 2018 | ||||
01/01/2047 | 4.125% | 5,000,000 | 4,458,660 | |
Revenue Bonds | ||||
West Virginia University Health System Obligation | ||||
Series 2018 | ||||
06/01/2052 | 5.000% | 16,500,000 | 16,767,920 | |
Total | 21,226,580 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Wisconsin 2.3% | ||||
Public Finance Authority | ||||
Refunding Revenue Bonds | ||||
Friends Homes | ||||
Series 2019 | ||||
09/01/2049 | 5.000% | 4,250,000 | 3,888,395 | |
Revenue Bonds | ||||
ACTS Retirement - Life Communities | ||||
Series 2020 | ||||
11/15/2041 | 5.000% | 4,000,000 | 4,017,626 | |
Public Finance Authority(a) | ||||
Refunding Revenue Bonds | ||||
Mary’s Woods at Marylhurst | ||||
Series 2017 | ||||
05/15/2042 | 5.250% | 820,000 | 767,980 | |
05/15/2047 | 5.250% | 1,105,000 | 1,008,836 | |
Public Finance Authority(b) | ||||
Revenue Bonds | ||||
Green Bonds - Fargo-Moorhead Metropolitan Area Flood Risk Management Project | ||||
Series 2021 | ||||
09/30/2051 | 4.000% | 4,000,000 | 3,344,275 | |
Public Finance Authority(a),(d) | ||||
Revenue Bonds | ||||
WFCS Portfolio Project | ||||
Subordinated Series 2021 | ||||
01/01/2061 | 0.000% | 21,200,000 | 1,173,776 | |
University of Wisconsin Hospitals & Clinics | ||||
Refunding Revenue Bonds | ||||
Green Bonds - University of Wisconsin Hospital | ||||
Series 2021 | ||||
04/01/2051 | 4.000% | 10,000,000 | 9,730,181 | |
Wisconsin Center District(d) | ||||
Revenue Bonds | ||||
Senior Dedicated | ||||
Series 2020 (AGM) | ||||
12/15/2060 | 0.000% | 18,625,000 | 2,902,719 | |
Wisconsin Health & Educational Facilities Authority | ||||
Prerefunded 08/15/23 Revenue Bonds | ||||
Beaver Dam Community Hospitals | ||||
Series 2013A | ||||
08/15/2028 | 5.125% | 5,000,000 | 5,070,397 | |
08/15/2034 | 5.250% | 8,000,000 | 8,117,926 | |
Refunding Revenue Bonds | ||||
St. Camillus Health System, Inc. | ||||
Series 2019 | ||||
11/01/2046 | 5.000% | 2,100,000 | 1,765,799 | |
Revenue Bonds | ||||
Covenant Communities, Inc. Project | ||||
Series 2018A | ||||
07/01/2048 | 4.000% | 2,335,000 | 1,891,365 | |
07/01/2053 | 4.125% | 5,000,000 | 4,008,546 |
24 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2018B | ||||
07/01/2038 | 4.375% | 1,250,000 | 960,205 | |
07/01/2043 | 4.500% | 1,375,000 | 1,003,212 | |
07/01/2048 | 5.000% | 500,000 | 376,249 | |
Unrefunded Refunding Revenue Bond | ||||
Ascension Health | ||||
Series 2016A | ||||
11/15/2046 | 4.000% | 3,610,000 | 3,556,199 | |
Total | 53,583,686 | |||
Wyoming 0.3% | ||||
County of Campbell | ||||
Refunding Revenue Bonds | ||||
Basin Electric Power Cooperative | ||||
Series 2019 | ||||
07/15/2039 | 3.625% | 7,600,000 | 6,919,359 | |
Total Municipal Bonds (Cost $2,499,790,990) | 2,348,218,911 |
Money Market Funds 2.1% | ||
Shares | Value ($) | |
Dreyfus Tax Exempt Cash Management Fund, Institutional Shares, 1.662%(g) | 204,290 | 204,290 |
JPMorgan Institutional Tax Free Money Market Fund, Institutional Shares, 1.588%(g) | 49,049,924 | 49,049,924 |
Total Money Market Funds (Cost $49,254,208) | 49,254,214 | |
Total Investments in Securities (Cost $2,549,045,198) | 2,397,473,125 | |
Other Assets & Liabilities, Net | (42,591,582) | |
Net Assets | $2,354,881,543 |
(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 January 31, 2023, the total value of these securities amounted to $78,503,612, which represents 3.33% of total net assets. |
(b) | Income from this security may be subject to alternative minimum tax. |
(c) | Represents a security in default. |
(d) | Zero coupon bond. |
(e) | Represents a security purchased on a when-issued basis. |
(f) | Municipal obligations include debt obligations issued by or on behalf of territories, possessions, or sovereign nations within the territorial boundaries of the United States. At January 31, 2023, the total value of these securities amounted to $51,689,391, which represents 2.19% of total net assets. |
(g) | The rate shown is the seven-day current annualized yield at January 31, 2023. |
AGM | Assured Guaranty Municipal Corporation |
AMBAC | Ambac Assurance Corporation |
BAM | Build America Mutual Assurance Co. |
FHA | Federal Housing Authority |
FNMA | Federal National Mortgage Association |
GNMA | Government National Mortgage Association |
HUD | U.S. Department of Housing and Urban Development |
NPFGC | National Public Finance Guarantee Corporation |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 25 |
January 31, 2023 (Unaudited)
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Municipal Bonds | — | 2,348,218,911 | — | 2,348,218,911 |
Money Market Funds | 49,254,214 | — | — | 49,254,214 |
Total Investments in Securities | 49,254,214 | 2,348,218,911 | — | 2,397,473,125 |
26 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $2,549,045,198) | $2,397,473,125 |
Cash | 37,089 |
Receivable for: | |
Investments sold | 1,720,732 |
Capital shares sold | 7,167,671 |
Interest | 23,274,573 |
Prepaid expenses | 25,805 |
Trustees’ deferred compensation plan | 538,576 |
Other assets | 44,759 |
Total assets | 2,430,282,330 |
Liabilities | |
Payable for: | |
Investments purchased on a delayed delivery basis | 63,151,847 |
Capital shares purchased | 4,269,758 |
Distributions to shareholders | 7,166,966 |
Management services fees | 29,316 |
Distribution and/or service fees | 10,681 |
Transfer agent fees | 116,886 |
Compensation of board members | 71,984 |
Compensation of chief compliance officer | 235 |
Other expenses | 44,538 |
Trustees’ deferred compensation plan | 538,576 |
Total liabilities | 75,400,787 |
Net assets applicable to outstanding capital stock | $2,354,881,543 |
Represented by | |
Paid in capital | 2,571,126,709 |
Total distributable earnings (loss) | (216,245,166) |
Total - representing net assets applicable to outstanding capital stock | $2,354,881,543 |
Class A | |
Net assets | $1,835,380,366 |
Shares outstanding | 154,222,571 |
Net asset value per share | $11.90 |
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) | $12.27 |
Advisor Class | |
Net assets | $13,285,195 |
Shares outstanding | 1,116,646 |
Net asset value per share | $11.90 |
Class C | |
Net assets | $28,860,619 |
Shares outstanding | 2,425,698 |
Net asset value per share | $11.90 |
Institutional Class | |
Net assets | $346,706,405 |
Shares outstanding | 29,124,462 |
Net asset value per share | $11.90 |
Institutional 2 Class | |
Net assets | $13,665,480 |
Shares outstanding | 1,147,942 |
Net asset value per share | $11.90 |
Institutional 3 Class | |
Net assets | $116,983,478 |
Shares outstanding | 9,799,005 |
Net asset value per share | $11.94 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 27 |
Six Months Ended January 31, 2023 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $44,047 |
Interest | 51,135,001 |
Total income | 51,179,048 |
Expenses: | |
Management services fees | 5,538,927 |
Distribution and/or service fees | |
Class A | 1,881,115 |
Class C | 118,810 |
Transfer agent fees | |
Class A | 624,578 |
Advisor Class | 5,572 |
Class C | 9,864 |
Institutional Class | 130,047 |
Institutional 2 Class | 3,916 |
Institutional 3 Class | 3,385 |
Compensation of board members | 29,337 |
Custodian fees | 10,957 |
Printing and postage fees | 44,394 |
Registration fees | 67,629 |
Audit fees | 20,419 |
Legal fees | 22,018 |
Interest on interfund lending | 7,930 |
Compensation of chief compliance officer | 235 |
Other | 24,617 |
Total expenses | 8,543,750 |
Fees waived by transfer agent | |
Institutional 3 Class | (2,077) |
Expense reduction | (2,795) |
Total net expenses | 8,538,878 |
Net investment income | 42,640,170 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (34,529,474) |
Futures contracts | 3,116,546 |
Net realized loss | (31,412,928) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (36,051,914) |
Net change in unrealized appreciation (depreciation) | (36,051,914) |
Net realized and unrealized loss | (67,464,842) |
Net decrease in net assets resulting from operations | $(24,824,672) |
28 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
Six Months Ended January 31, 2023 (Unaudited) | Year Ended July 31, 2022 | |
Operations | ||
Net investment income | $42,640,170 | $85,470,212 |
Net realized loss | (31,412,928) | (24,066,591) |
Net change in unrealized appreciation (depreciation) | (36,051,914) | (351,639,379) |
Net decrease in net assets resulting from operations | (24,824,672) | (290,235,758) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (32,014,007) | (77,176,902) |
Advisor Class | (299,235) | (950,141) |
Class C | (417,991) | (1,060,210) |
Institutional Class | (6,971,200) | (21,249,393) |
Institutional 2 Class | (258,930) | (661,141) |
Institutional 3 Class | (1,956,702) | (923,446) |
Total distributions to shareholders | (41,918,065) | (102,021,233) |
Decrease in net assets from capital stock activity | (238,616,620) | (245,080,848) |
Total decrease in net assets | (305,359,357) | (637,337,839) |
Net assets at beginning of period | 2,660,240,900 | 3,297,578,739 |
Net assets at end of period | $2,354,881,543 | $2,660,240,900 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 29 |
Six Months Ended | Year Ended | |||
January 31, 2023 (Unaudited) | July 31, 2022 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 11,190,969 | 130,084,623 | 9,708,549 | 123,022,678 |
Distributions reinvested | 2,620,104 | 30,143,907 | 5,617,395 | 73,011,313 |
Redemptions | (27,158,273) | (312,565,752) | (31,061,870) | (395,297,040) |
Net decrease | (13,347,200) | (152,337,222) | (15,735,926) | (199,263,049) |
Advisor Class | ||||
Subscriptions | 86,955 | 1,023,259 | 356,251 | 4,648,197 |
Distributions reinvested | 23,086 | 265,424 | 63,243 | 825,224 |
Redemptions | (783,104) | (8,847,769) | (781,887) | (9,969,995) |
Net decrease | (673,063) | (7,559,086) | (362,393) | (4,496,574) |
Class C | ||||
Subscriptions | 483,593 | 5,569,541 | 471,057 | 6,020,898 |
Distributions reinvested | 34,796 | 400,154 | 77,721 | 1,011,598 |
Redemptions | (686,266) | (7,949,501) | (1,189,578) | (15,212,863) |
Net decrease | (167,877) | (1,979,806) | (640,800) | (8,180,367) |
Institutional Class | ||||
Subscriptions | 6,390,892 | 74,440,373 | 10,379,714 | 131,939,975 |
Distributions reinvested | 472,501 | 5,436,582 | 957,213 | 12,417,286 |
Redemptions | (21,514,451) | (249,246,941) | (13,637,930) | (171,217,167) |
Net decrease | (14,651,058) | (169,369,986) | (2,301,003) | (26,859,906) |
Institutional 2 Class | ||||
Subscriptions | 150,090 | 1,741,020 | 360,125 | 4,703,575 |
Distributions reinvested | 22,386 | 257,556 | 50,657 | 660,216 |
Redemptions | (280,181) | (3,232,402) | (747,053) | (9,699,446) |
Net decrease | (107,705) | (1,233,826) | (336,271) | (4,335,655) |
Institutional 3 Class | ||||
Subscriptions | 12,670,081 | 147,428,669 | 746,569 | 9,507,614 |
Distributions reinvested | 32,304 | 372,963 | 67,158 | 874,575 |
Redemptions | (4,693,335) | (53,938,326) | (984,102) | (12,327,486) |
Net increase (decrease) | 8,009,050 | 93,863,306 | (170,375) | (1,945,297) |
Total net decrease | (20,937,853) | (238,616,620) | (19,546,768) | (245,080,848) |
30 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
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 1/31/2023 (Unaudited) | $12.16 | 0.20 | (0.26) | (0.06) | (0.20) | — | (0.20) |
Year Ended 7/31/2022 | $13.84 | 0.36 | (1.61) | (1.25) | (0.36) | (0.07) | (0.43) |
Year Ended 7/31/2021 | $13.50 | 0.38 | 0.38 | 0.76 | (0.38) | (0.04) | (0.42) |
Year Ended 7/31/2020 | $13.63 | 0.43 | (0.06) | 0.37 | (0.43) | (0.07) | (0.50) |
Year Ended 7/31/2019 | $13.35 | 0.50 | 0.34 | 0.84 | (0.55) | (0.01) | (0.56) |
Year Ended 7/31/2018 | $13.60 | 0.53 | (0.25) | 0.28 | (0.53) | — | (0.53) |
Advisor Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $12.16 | 0.22 | (0.27) | (0.05) | (0.21) | — | (0.21) |
Year Ended 7/31/2022 | $13.83 | 0.39 | (1.60) | (1.21) | (0.39) | (0.07) | (0.46) |
Year Ended 7/31/2021 | $13.50 | 0.40 | 0.38 | 0.78 | (0.41) | (0.04) | (0.45) |
Year Ended 7/31/2020 | $13.63 | 0.45 | (0.05) | 0.40 | (0.46) | (0.07) | (0.53) |
Year Ended 7/31/2019 | $13.35 | 0.52 | 0.35 | 0.87 | (0.58) | (0.01) | (0.59) |
Year Ended 7/31/2018 | $13.60 | 0.56 | (0.25) | 0.31 | (0.56) | — | (0.56) |
Class C | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $12.16 | 0.17 | (0.26) | (0.09) | (0.17) | — | (0.17) |
Year Ended 7/31/2022 | $13.83 | 0.29 | (1.60) | (1.31) | (0.29) | (0.07) | (0.36) |
Year Ended 7/31/2021 | $13.50 | 0.29 | 0.38 | 0.67 | (0.30) | (0.04) | (0.34) |
Year Ended 7/31/2020 | $13.63 | 0.34 | (0.06) | 0.28 | (0.34) | (0.07) | (0.41) |
Year Ended 7/31/2019 | $13.35 | 0.41 | 0.35 | 0.76 | (0.47) | (0.01) | (0.48) |
Year Ended 7/31/2018 | $13.60 | 0.44 | (0.25) | 0.19 | (0.44) | — | (0.44) |
Institutional Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $12.16 | 0.22 | (0.27) | (0.05) | (0.21) | — | (0.21) |
Year Ended 7/31/2022 | $13.84 | 0.39 | (1.61) | (1.22) | (0.39) | (0.07) | (0.46) |
Year Ended 7/31/2021 | $13.50 | 0.40 | 0.39 | 0.79 | (0.41) | (0.04) | (0.45) |
Year Ended 7/31/2020 | $13.64 | 0.45 | (0.06) | 0.39 | (0.46) | (0.07) | (0.53) |
Year Ended 7/31/2019 | $13.35 | 0.52 | 0.36 | 0.88 | (0.58) | (0.01) | (0.59) |
Year Ended 7/31/2018 | $13.60 | 0.56 | (0.25) | 0.31 | (0.56) | — | (0.56) |
Institutional 2 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $12.16 | 0.22 | (0.27) | (0.05) | (0.21) | — | (0.21) |
Year Ended 7/31/2022 | $13.84 | 0.39 | (1.61) | (1.22) | (0.39) | (0.07) | (0.46) |
Year Ended 7/31/2021 | $13.50 | 0.41 | 0.38 | 0.79 | (0.41) | (0.04) | (0.45) |
Year Ended 7/31/2020 | $13.64 | 0.45 | (0.06) | 0.39 | (0.46) | (0.07) | (0.53) |
Year Ended 7/31/2019 | $13.35 | 0.52 | 0.36 | 0.88 | (0.58) | (0.01) | (0.59) |
Year Ended 7/31/2018 | $13.60 | 0.56 | (0.25) | 0.31 | (0.56) | — | (0.56) |
32 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
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 1/31/2023 (Unaudited) | $11.90 | (0.41%) | 0.74%(c),(d) | 0.74%(c),(d),(e) | 3.46%(c) | 10% | $1,835,380 |
Year Ended 7/31/2022 | $12.16 | (9.15%) | 0.73%(d) | 0.72%(d),(e) | 2.80% | 16% | $2,037,502 |
Year Ended 7/31/2021 | $13.84 | 5.74% | 0.72%(f) | 0.72%(e),(f) | 2.78% | 13% | $2,536,239 |
Year Ended 7/31/2020 | $13.50 | 2.76% | 0.73%(f) | 0.73%(e),(f) | 3.16% | 29% | $2,550,497 |
Year Ended 7/31/2019 | $13.63 | 6.51% | 0.73% | 0.73% | 3.74% | 20% | $2,548,777 |
Year Ended 7/31/2018 | $13.35 | 2.08% | 0.72% | 0.72%(e) | 3.93% | 17% | $2,642,009 |
Advisor Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.90 | (0.31%) | 0.54%(c),(d) | 0.54%(c),(d),(e) | 3.63%(c) | 10% | $13,285 |
Year Ended 7/31/2022 | $12.16 | (8.91%) | 0.52%(d) | 0.52%(d),(e) | 2.99% | 16% | $21,757 |
Year Ended 7/31/2021 | $13.83 | 5.88% | 0.52%(f) | 0.52%(e),(f) | 2.97% | 13% | $29,770 |
Year Ended 7/31/2020 | $13.50 | 2.96% | 0.53%(f) | 0.53%(e),(f) | 3.36% | 29% | $26,679 |
Year Ended 7/31/2019 | $13.63 | 6.72% | 0.53% | 0.53% | 3.93% | 20% | $21,407 |
Year Ended 7/31/2018 | $13.35 | 2.29% | 0.52% | 0.52%(e) | 4.16% | 17% | $13,745 |
Class C | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.90 | (0.71%) | 1.34%(c),(d) | 1.34%(c),(d),(e) | 2.86%(c) | 10% | $28,861 |
Year Ended 7/31/2022 | $12.16 | (9.63%) | 1.38%(d) | 1.32%(d),(e) | 2.20% | 16% | $31,541 |
Year Ended 7/31/2021 | $13.83 | 5.03% | 1.47%(f) | 1.33%(e),(f),(g) | 2.17% | 13% | $44,740 |
Year Ended 7/31/2020 | $13.50 | 2.09% | 1.48%(f) | 1.38%(e),(f),(g) | 2.51% | 29% | $56,855 |
Year Ended 7/31/2019 | $13.63 | 5.82% | 1.48% | 1.38%(g) | 3.09% | 20% | $59,114 |
Year Ended 7/31/2018 | $13.35 | 1.42% | 1.47% | 1.37%(e) | 3.27% | 17% | $72,134 |
Institutional Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.90 | (0.31%) | 0.54%(c),(d) | 0.54%(c),(d),(e) | 3.63%(c) | 10% | $346,706 |
Year Ended 7/31/2022 | $12.16 | (8.97%) | 0.53%(d) | 0.53%(d),(e) | 3.01% | 16% | $532,342 |
Year Ended 7/31/2021 | $13.84 | 5.95% | 0.52%(f) | 0.52%(e),(f) | 2.97% | 13% | $637,596 |
Year Ended 7/31/2020 | $13.50 | 2.89% | 0.53%(f) | 0.53%(e),(f) | 3.37% | 29% | $613,307 |
Year Ended 7/31/2019 | $13.64 | 6.80% | 0.53% | 0.53% | 3.94% | 20% | $781,834 |
Year Ended 7/31/2018 | $13.35 | 2.29% | 0.52% | 0.52%(e) | 4.13% | 17% | $775,309 |
Institutional 2 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $11.90 | (0.30%) | 0.53%(c),(d) | 0.53%(c),(d) | 3.67%(c) | 10% | $13,665 |
Year Ended 7/31/2022 | $12.16 | (8.96%) | 0.51%(d) | 0.51%(d) | 3.00% | 16% | $15,272 |
Year Ended 7/31/2021 | $13.84 | 5.97% | 0.51%(f) | 0.51%(f) | 3.00% | 13% | $22,033 |
Year Ended 7/31/2020 | $13.50 | 2.90% | 0.52%(f) | 0.52%(f) | 3.36% | 29% | $50,150 |
Year Ended 7/31/2019 | $13.64 | 6.81% | 0.52% | 0.52% | 3.94% | 20% | $8,978 |
Year Ended 7/31/2018 | $13.35 | 2.29% | 0.51% | 0.51% | 4.16% | 17% | $6,239 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 33 |
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 1/31/2023 (Unaudited) | $12.19 | 0.22 | (0.25) | (0.03) | (0.22) | — | (0.22) |
Year Ended 7/31/2022 | $13.88 | 0.40 | (1.62) | (1.22) | (0.40) | (0.07) | (0.47) |
Year Ended 7/31/2021 | $13.54 | 0.41 | 0.39 | 0.80 | (0.42) | (0.04) | (0.46) |
Year Ended 7/31/2020 | $13.67 | 0.46 | (0.06) | 0.40 | (0.46) | (0.07) | (0.53) |
Year Ended 7/31/2019 | $13.39 | 0.53 | 0.35 | 0.88 | (0.59) | (0.01) | (0.60) |
Year Ended 7/31/2018 | $13.64 | 0.57 | (0.26) | 0.31 | (0.56) | — | (0.56) |
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 interest and fee expense related to the participation in certain inverse floater programs. If interest and fee expense related to the participation in certain inverse floater programs had been excluded, expenses would have been lower by less than 0.01%. Due to an equal increase in interest income from fixed rate municipal bonds held in trust, there is no impact on the Fund’s net assets, net asset value per share, total return or net investment income. |
(g) | Ratios include the impact of voluntary waivers paid by the Investment Manager. For the periods indicated below, if the Investment Manager had not paid these voluntary waivers, the Fund’s net expense ratio would increase by: |
7/31/2021 | 7/31/2020 | 7/31/2019 | |
Class C | 0.01% | 0.10% | 0.10% |
34 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
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 1/31/2023 (Unaudited) | $11.94 | (0.19%) | 0.48%(c),(d) | 0.48%(c),(d) | 3.82%(c) | 10% | $116,983 |
Year Ended 7/31/2022 | $12.19 | (8.96%) | 0.47%(d) | 0.46%(d) | 3.07% | 16% | $21,828 |
Year Ended 7/31/2021 | $13.88 | 6.01% | 0.47%(f) | 0.47%(f) | 3.03% | 13% | $27,202 |
Year Ended 7/31/2020 | $13.54 | 3.03% | 0.47%(f) | 0.47%(f) | 3.42% | 29% | $20,467 |
Year Ended 7/31/2019 | $13.67 | 6.78% | 0.47% | 0.47% | 3.97% | 20% | $17,056 |
Year Ended 7/31/2018 | $13.39 | 2.35% | 0.47% | 0.47% | 4.25% | 17% | $7,731 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 35 |
January 31, 2023 (Unaudited)
36 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 37 |
January 31, 2023 (Unaudited)
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | 3,116,546 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — short | 56,072,931 |
38 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
* | Based on the ending daily outstanding amounts for the six months ended January 31, 2023. |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 39 |
January 31, 2023 (Unaudited)
40 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Effective rate (%) | |
Class A | 0.07 |
Advisor Class | 0.07 |
Class C | 0.07 |
Institutional Class | 0.07 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 3.00 | 0.75(a) | 118,417 |
Class C | — | 1.00(b) | 2,095 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 41 |
January 31, 2023 (Unaudited)
(a) | This charge is imposed on certain investments of $500,000 or more if redeemed within 12 months after purchase. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
December 1, 2022 through November 30, 2023 | Prior to December 1, 2022 | |
Class A | 0.76% | 0.77% |
Advisor Class | 0.56 | 0.57 |
Class C | 1.36 | 1.37 |
Institutional Class | 0.56 | 0.57 |
Institutional 2 Class | 0.55 | 0.55 |
Institutional 3 Class | 0.50 | 0.51 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
2,549,045,000 | 25,776,000 | (177,348,000) | (151,572,000) |
42 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Late year ordinary losses ($) | Post-October capital losses ($) |
— | 33,845,056 |
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 2,265,625 | 3.93 | 32 |
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 43 |
January 31, 2023 (Unaudited)
44 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Columbia Tax-Exempt Fund | Semiannual Report 2023 | 45 |
January 31, 2023 (Unaudited)
46 | Columbia Tax-Exempt Fund | Semiannual Report 2023 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
January 31, 2023 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended January 31, 2023) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A* | 02/20/19 | 1.92 | 1.41 | 1.43 | 0.93 | |
Advisor Class* | 12/03/18 | 2.00 | 1.57 | 1.60 | 1.09 | |
Institutional Class* | 12/03/18 | 2.00 | 1.57 | 1.60 | 1.09 | |
Institutional 3 Class | 03/08/04 | 1.91 | 1.61 | 1.66 | 1.17 | |
Bloomberg U.S. Short-Term Government/Corporate Index | 1.30 | 1.17 | 1.41 | 0.96 |
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 3 |
(Unaudited)
Portfolio breakdown (%) (at January 31, 2023) | |
Asset-Backed Securities — Non-Agency | 32.2 |
Commercial Mortgage-Backed Securities - Non-Agency | 4.1 |
Corporate Bonds & Notes | 49.8 |
Foreign Government Obligations | 1.0 |
Money Market Funds | 2.2 |
Residential Mortgage-Backed Securities - Agency | 0.0(a) |
Residential Mortgage-Backed Securities - Non-Agency | 8.7 |
U.S. Government & Agency Obligations | 1.0 |
U.S. Treasury Obligations | 1.0 |
Total | 100.0 |
(a) | Rounds to zero. |
Quality breakdown (%) (at January 31, 2023) | |
AAA rating | 30.1 |
AA rating | 12.3 |
A rating | 28.4 |
BBB rating | 24.9 |
Not rated | 4.3 |
Total | 100.0 |
4 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
(Unaudited)
August 1, 2022 — January 31, 2023 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,019.20 | 1,023.29 | 2.21 | 2.22 | 0.43 |
Advisor Class | 1,000.00 | 1,000.00 | 1,020.00 | 1,024.05 | 1.44 | 1.44 | 0.28 |
Institutional Class | 1,000.00 | 1,000.00 | 1,020.00 | 1,024.05 | 1.44 | 1.44 | 0.28 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,019.10 | 1,024.26 | 1.23 | 1.24 | 0.24 |
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 5 |
January 31, 2023 (Unaudited)
Asset-Backed Securities — Non-Agency 32.0% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
ACC Auto Trust(a) | ||||
Series 2021-A Class A | ||||
04/15/2027 | 1.080% | 2,431,712 | 2,405,747 | |
ACC Trust(a) | ||||
Series 2022-1 Class A | ||||
09/20/2024 | 1.190% | 2,987,839 | 2,973,411 | |
ACM Auto Trust(a) | ||||
Series 2022-1A Class A | ||||
04/20/2029 | 3.230% | 1,130,161 | 1,128,294 | |
American Credit Acceptance Receivables Trust(a) | ||||
Series 2022-3 Class A | ||||
02/13/2026 | 4.120% | 2,844,263 | 2,825,248 | |
Subordinated Series 2020-3 Class C | ||||
06/15/2026 | 1.850% | 1,692,026 | 1,678,886 | |
Subordinated Series 2021-1 Class C | ||||
03/15/2027 | 0.830% | 1,189,356 | 1,167,521 | |
Subordinated Series 2021-3 Class C | ||||
11/15/2027 | 0.980% | 14,195,000 | 13,845,235 | |
Arivo Acceptance Auto Loan Receivables Trust(a) | ||||
Series 2021-1A Class A | ||||
01/15/2027 | 1.190% | 4,396,727 | 4,219,691 | |
Atalaya Equipment Leasing Trust(a) | ||||
Series 2021-1A Class A2 | ||||
05/15/2026 | 1.230% | 4,177,748 | 4,058,988 | |
Avis Budget Rental Car Funding AESOP LLC(a) | ||||
Series 2017-2A Class A | ||||
03/20/2024 | 2.970% | 11,447,667 | 11,421,812 | |
BMW Vehicle Lease Trust | ||||
Series 2021-1 Class A4 | ||||
07/25/2024 | 0.370% | 6,360,000 | 6,231,718 | |
Carmax Auto Owner Trust | ||||
Series 2019-2 Class A4 | ||||
12/16/2024 | 2.770% | 1,244,732 | 1,236,765 | |
CarMax Auto Owner Trust | ||||
Series 2022-1 Class A2 | ||||
02/18/2025 | 0.910% | 13,198,357 | 13,047,119 | |
Carvana Auto Receivables Trust | ||||
Series 2021-N1 Class A | ||||
01/10/2028 | 0.700% | 6,437,652 | 6,013,610 | |
Series 2021-N2 Class A1 | ||||
03/10/2028 | 0.320% | 1,459,199 | 1,435,101 | |
Series 2021-N3 Class A1 | ||||
06/12/2028 | 0.350% | 3,183,155 | 3,090,311 | |
CCG Receivables Trust(a) | ||||
Series 2019-2 Class A2 | ||||
03/15/2027 | 2.110% | 49,319 | 49,262 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2020-1 Class A2 | ||||
12/14/2027 | 0.540% | 6,343,183 | 6,205,710 | |
Series 2021-1 Class A2 | ||||
06/14/2027 | 0.300% | 3,239,252 | 3,143,620 | |
Chase Auto Credit Linked Notes(a) | ||||
Subordinated Series 2020-2 Class B | ||||
02/25/2028 | 0.840% | 4,463,415 | 4,358,327 | |
Subordinated Series 2020-2 Class C | ||||
02/25/2028 | 1.139% | 690,767 | 674,132 | |
Chase Auto Credit-Linked Notes(a) | ||||
Subordinated Series 2020-1 Class B | ||||
01/25/2028 | 0.991% | 833,459 | 820,939 | |
Commercial Equipment Finance LLC(a) | ||||
Series 2021-A Class A | ||||
02/16/2027 | 2.050% | 11,186,482 | 10,788,325 | |
CPS Auto Receivables Trust(a) | ||||
Series 2022-A Class A | ||||
04/16/2029 | 0.980% | 3,006,716 | 2,972,659 | |
Credit Acceptance Auto Loan Trust(a) | ||||
Series 2020-2A Class A | ||||
07/16/2029 | 1.370% | 1,210,349 | 1,200,182 | |
Credito Real USA Auto Receivables Trust(a) | ||||
Series 2021-1A Class A | ||||
02/16/2027 | 1.350% | 2,152,411 | 2,105,039 | |
Crossroads Asset Trust(a) | ||||
Series 2021-A Class A2 | ||||
03/20/2024 | 0.820% | 353,351 | 351,200 | |
Dext ABS LLC(a) | ||||
Series 2020-1 Class A | ||||
02/16/2027 | 1.460% | 3,397,958 | 3,350,312 | |
Dext Asset-Backed Security LLC(a) | ||||
Series 2021-1 Class A | ||||
02/15/2028 | 1.120% | 13,626,332 | 13,071,082 | |
Drive Auto Receivables Trust | ||||
Subordinated Series 2020-2 Class C | ||||
08/17/2026 | 2.280% | 4,115,245 | 4,081,432 | |
DT Auto Owner Trust(a) | ||||
Series 2020-2A Class C | ||||
03/16/2026 | 3.280% | 2,223,830 | 2,198,341 | |
Series 2022-1A Class A | ||||
04/15/2026 | 1.580% | 22,544,462 | 22,202,936 | |
Series 2022-3A Class A | ||||
10/15/2026 | 6.050% | 24,068,530 | 24,149,137 | |
Subordinated Series 2019-3A Class E | ||||
08/17/2026 | 3.850% | 19,375,000 | 19,070,251 |
6 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Exeter Automobile Receivables Trust(a) | ||||
Series 2020-2A Class C | ||||
05/15/2025 | 3.280% | 5,735,125 | 5,712,334 | |
Exeter Automobile Receivables Trust | ||||
Series 2022-4A Class A2 | ||||
08/15/2024 | 3.990% | 4,287,484 | 4,280,643 | |
Subordinated Series 2021-1A Class C | ||||
01/15/2026 | 0.740% | 10,819,094 | 10,617,984 | |
FHF Trust(a) | ||||
Series 2021-1A Class A | ||||
03/15/2027 | 1.270% | 4,012,113 | 3,855,988 | |
Series 2021-2A Class A | ||||
12/15/2026 | 0.830% | 9,125,985 | 8,763,094 | |
First Investors Auto Owner Trust(a) | ||||
Series 2021-2A Class A | ||||
03/15/2027 | 0.480% | 10,570,984 | 10,235,677 | |
Flagship Credit Auto Trust(a) | ||||
Series 2021-1 Class A | ||||
06/16/2025 | 0.310% | 594,505 | 592,597 | |
Series 2021-3 Class A | ||||
07/15/2027 | 0.360% | 12,560,961 | 12,220,110 | |
Ford Credit Auto Owner Trust(a) | ||||
Series 2019-1 Class A | ||||
07/15/2030 | 3.520% | 18,625,000 | 18,334,871 | |
Ford Credit Auto Owner Trust | ||||
Subordinated Series 2019-A Class B | ||||
10/15/2024 | 3.020% | 14,100,000 | 14,087,946 | |
Foursight Capital Automobile Receivables Trust(a) | ||||
Series 2022-1 Class A2 | ||||
09/15/2025 | 1.150% | 1,760,066 | 1,734,343 | |
FREED ABS Trust(a) | ||||
Series 2021-2 Class B | ||||
06/19/2028 | 1.030% | 92,372 | 92,203 | |
Series 2022-4FP Class A | ||||
12/18/2029 | 6.490% | 6,831,392 | 6,849,989 | |
Subordinated Series 2021-3FP Class B | ||||
11/20/2028 | 1.010% | 3,655,423 | 3,628,621 | |
GLS Auto Receivables Issuer Trust(a) | ||||
Subordinated Series 2020-4A Class C | ||||
11/17/2025 | 1.140% | 3,125,552 | 3,075,119 | |
Subordinated Series 2021-1A Class C | ||||
01/15/2027 | 1.200% | 1,125,000 | 1,102,868 | |
GLS Auto Receivables Trust(a) | ||||
Subordinated Series 2021-2A Class B | ||||
09/15/2025 | 0.770% | 6,323,079 | 6,253,428 | |
GM Financial Automobile Leasing Trust | ||||
Series 2020-3 Class A4 | ||||
10/21/2024 | 0.510% | 2,034,191 | 2,029,346 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
JPMorgan Chase Bank NA(a) | ||||
Subordinated Series 2021-1 Class C | ||||
09/25/2028 | 1.024% | 4,995,173 | 4,811,213 | |
Subordinated Series 2021-2 Class C | ||||
12/26/2028 | 0.969% | 1,772,021 | 1,698,354 | |
JPMorgan Chase Bank NA - CACLN(a) | ||||
Series 2021-3 Class B | ||||
02/26/2029 | 0.760% | 6,251,806 | 5,950,131 | |
Series 2021-3 Class C | ||||
02/26/2029 | 0.860% | 2,550,547 | 2,417,359 | |
LAD Auto Receivables Trust(a) | ||||
Series 2021-1A Class A | ||||
08/17/2026 | 1.300% | 2,604,045 | 2,533,631 | |
Lendbuzz Securitization Trust(a) | ||||
Series 2021-1A Class A | ||||
06/15/2026 | 1.460% | 12,554,573 | 11,994,045 | |
LendingPoint Asset Securitization Trust(a) | ||||
Series 2020-REV1 Class A | ||||
10/15/2028 | 2.731% | 3,296,666 | 3,255,371 | |
Series 2021-B Class A | ||||
02/15/2029 | 1.110% | 3,521,364 | 3,499,813 | |
Series 2022-A Class A | ||||
06/15/2029 | 1.680% | 8,571,903 | 8,527,061 | |
LL ABS Trust(a) | ||||
Series 2021-1A Class A | ||||
05/15/2029 | 1.070% | 2,897,593 | 2,799,938 | |
Marlin Receivables LLC(a) | ||||
Series 2022-1A Class A1 | ||||
07/20/2023 | 3.372% | 8,704,623 | 8,679,321 | |
Mercedes-Benz Auto Receivables Trust | ||||
Series 2020-1 Class A4 | ||||
10/15/2026 | 0.770% | 5,350,000 | 5,100,760 | |
MMAF Equipment Finance LLC(a) | ||||
Series 2020-A Class A2 | ||||
04/09/2024 | 0.740% | 258,236 | 256,266 | |
MVW Owner Trust(a) | ||||
Series 2017-1A Class A | ||||
12/20/2034 | 2.420% | 2,340,059 | 2,293,914 | |
NextGear Floorplan Master Owner Trust(a),(b) | ||||
Series 2020-1A Class A1 | ||||
1-month USD LIBOR + 0.800% 02/15/2025 | 5.254% | 10,440,000 | 10,438,780 | |
NextGear Floorplan Master Owner Trust(a) | ||||
Subordinated Series 2020-1A Class A2 | ||||
02/18/2025 | 1.550% | 7,984,000 | 7,972,564 | |
NMEF Funding LLC(a) | ||||
Series 2021-A Class A2 | ||||
12/15/2027 | 0.810% | 8,804,167 | 8,700,122 |
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 7 |
January 31, 2023 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Octane Receivables Trust(a) | ||||
Series 2020-1A Class A | ||||
02/20/2025 | 1.710% | 9,057,013 | 8,963,350 | |
Series 2021-2A Class A | ||||
09/20/2028 | 1.210% | 17,270,576 | 16,500,011 | |
Oportun Issuance Trust(a) | ||||
Series 2022-3 Class A | ||||
01/08/2030 | 7.451% | 11,651,329 | 11,639,363 | |
Oscar US Funding XIII LLC(a) | ||||
Series 2021-2A Class A2 | ||||
08/12/2024 | 0.390% | 3,140,212 | 3,108,666 | |
Pagaya AI Debt Selection Trust(a) | ||||
Series 2021-1 Class A | ||||
11/15/2027 | 1.180% | 7,486,151 | 7,388,147 | |
Series 2021-3 Class A | ||||
05/15/2029 | 1.150% | 14,889,653 | 14,558,031 | |
Series 2021-5 Class A | ||||
08/15/2029 | 1.530% | 8,039,070 | 7,850,772 | |
Pagaya AI Debt Trust(a) | ||||
Series 2022-1 Class A | ||||
10/15/2029 | 2.030% | 26,063,595 | 25,189,680 | |
Pawnee Equipment Receivables LLC(a) | ||||
Series 2022-1 Class A1 | ||||
08/15/2023 | 3.809% | 810,673 | 810,301 | |
Santander Drive Auto Receivables Trust | ||||
Series 2022-1 Class A3 | ||||
11/17/2025 | 1.940% | 2,050,000 | 2,023,982 | |
Series 2022-2 Class A2 | ||||
10/15/2026 | 2.120% | 5,101,216 | 5,092,231 | |
Series 2022-2 Class A3 | ||||
10/15/2026 | 2.980% | 1,350,000 | 1,328,861 | |
Series 2022-4 Class A2 | ||||
07/15/2025 | 4.050% | 4,731,637 | 4,718,846 | |
Subordinated Series 2020-4 Class C | ||||
01/15/2026 | 1.010% | 7,807,557 | 7,720,547 | |
Santander Retail Auto Lease Trust(a) | ||||
Series 2021-A Class A3 | ||||
07/22/2024 | 0.510% | 6,720,132 | 6,571,329 | |
Series 2021-B Class A2 | ||||
01/22/2024 | 0.310% | 31,669 | 31,559 | |
SoFi Consumer Loan Program Trust(a) | ||||
Series 2022-1S Class A | ||||
04/15/2031 | 6.210% | 10,720,489 | 10,710,236 | |
Theorem Funding Trust(a) | ||||
Series 2021-1A Class A | ||||
12/15/2027 | 1.210% | 3,343,693 | 3,293,014 | |
Series 2022-1A Class A | ||||
02/15/2028 | 1.850% | 16,522,658 | 16,159,997 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Tricolor Auto Securitization Trust(a) | ||||
Series 2022-1A Class A | ||||
02/18/2025 | 3.300% | 2,349,571 | 2,329,365 | |
Subordinated Series 2021-1A Class B | ||||
06/17/2024 | 1.000% | 1,254,515 | 1,252,408 | |
United Auto Credit Securitization Trust(a) | ||||
Series 2022-1 Class A | ||||
07/10/2024 | 1.110% | 1,643,595 | 1,641,251 | |
Upstart Pass-Through Trust(a) | ||||
Series 2020-ST6 Class A | ||||
01/20/2027 | 3.000% | 1,563,132 | 1,489,949 | |
Series 2021-ST2 Class A | ||||
04/20/2027 | 2.500% | 1,079,235 | 1,013,389 | |
Series 2021-ST6 Class A | ||||
08/20/2027 | 1.850% | 3,229,036 | 3,025,334 | |
Upstart Securitization Trust(a) | ||||
Series 2021-1 Class A | ||||
03/20/2031 | 0.870% | 25,752 | 25,653 | |
Series 2021-3 Class A | ||||
07/20/2031 | 0.830% | 9,941,280 | 9,738,746 | |
US Auto Funding(a) | ||||
Series 2021-1A Class A | ||||
07/15/2024 | 0.790% | 116,755 | 116,581 | |
VFI ABS LLC(a) | ||||
Series 2022-1A Class A | ||||
03/24/2028 | 2.230% | 8,620,381 | 8,403,253 | |
Volkswagen Auto Lease Trust | ||||
Series 2020-A Class A3 | ||||
01/22/2024 | 0.390% | 2,965,628 | 2,953,939 | |
Volkswagen Auto Loan Enhanced Trust | ||||
Series 2020-1 Class A4 | ||||
08/20/2026 | 1.260% | 7,425,000 | 7,187,002 | |
Westlake Automobile Receivables Trust(a) | ||||
Subordinated Series 2019-3A Class D | ||||
11/15/2024 | 2.720% | 5,556,823 | 5,516,011 | |
Subordinated Series 2021-2A Class B | ||||
07/15/2026 | 0.620% | 30,224,000 | 29,192,080 | |
World Omni Auto Receivables Trust | ||||
Series 2021-A Class A3 | ||||
01/15/2026 | 0.300% | 852,625 | 823,101 | |
World Omni Select Auto Trust | ||||
Series 2020-A Class A3 | ||||
07/15/2025 | 0.550% | 1,656,350 | 1,644,046 | |
Series 2021-A Class A3 | ||||
03/15/2027 | 0.530% | 22,621,000 | 21,875,070 | |
Total Asset-Backed Securities — Non-Agency (Cost $663,204,161) | 653,854,248 | |||
8 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency 4.1% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
GS Mortgage Securities Corp. Trust(a),(b) | ||||
Series 2022-SHIP Class A | ||||
1-month Term SOFR + 0.731% Floor 0.731% 08/15/2036 | 4.525% | 13,725,000 | 13,629,202 | |
GS Mortgage Securities Trust(c) | ||||
Series 2013-GC13 Class A5 | ||||
07/10/2046 | 4.046% | 25,000,000 | 24,634,130 | |
GS Mortgage Securities Trust | ||||
Series 2013-GC14 Class A5 | ||||
08/10/2046 | 4.243% | 13,010,369 | 12,922,254 | |
JPMBB Commercial Mortgage Securities Trust | ||||
Series 2014-C18 Class A5 | ||||
02/15/2047 | 4.079% | 3,500,000 | 3,416,841 | |
JPMDB Commercial Mortgage Securities Trust | ||||
Series 2016-C2 Class A2 | ||||
06/15/2049 | 2.662% | 16,957 | 16,914 | |
Morgan Stanley Bank of America Merrill Lynch Trust | ||||
Series 2013-C13 Class A4 | ||||
11/15/2046 | 4.039% | 4,885,000 | 4,807,308 | |
Morgan Stanley Bank of America Merrill Lynch Trust(c) | ||||
Subordinated Series 2014-C14 Class AS | ||||
02/15/2047 | 4.384% | 14,198,500 | 13,938,785 | |
Wells Fargo Commercial Mortgage Trust(a),(b) | ||||
Series 2017-SMP Class A | ||||
1-month USD LIBOR + 0.875% Floor 0.875% 12/15/2034 | 5.334% | 11,000,000 | 10,249,473 | |
Total Commercial Mortgage-Backed Securities - Non-Agency (Cost $84,502,759) | 83,614,907 | |||
Corporate Bonds & Notes 49.6% | ||||
Aerospace & Defense 1.7% | ||||
BAE Systems Holdings, Inc.(a) | ||||
12/15/2025 | 3.850% | 4,660,000 | 4,546,642 | |
Boeing Co. (The) | ||||
05/01/2025 | 4.875% | 10,075,000 | 10,076,609 | |
L3Harris Technologies, Inc.(b) | ||||
3-month USD LIBOR + 0.750% 03/10/2023 | 5.485% | 5,219,000 | 5,220,379 | |
L3Harris Technologies, Inc. | ||||
06/15/2023 | 3.850% | 5,000,000 | 4,971,892 | |
Raytheon Technologies Corp. | ||||
03/15/2024 | 3.200% | 10,000,000 | 9,831,506 | |
Total | 34,647,028 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Automotive 1.2% | ||||
Daimler Trucks Finance North America LLC(a),(b) | ||||
SOFR + 1.000% 04/05/2024 | 5.300% | 10,000,000 | 9,998,209 | |
Toyota Motor Credit Corp. | ||||
06/14/2024 | 0.500% | 15,040,000 | 14,163,872 | |
Total | 24,162,081 | |||
Banking 16.6% | ||||
American Express Co.(b) | ||||
3-month USD LIBOR + 0.750% 08/03/2023 | 5.210% | 12,081,000 | 12,093,339 | |
Bank of America Corp.(b) | ||||
3-month USD LIBOR + 0.430% 05/28/2024 | 4.963% | 20,577,000 | 20,457,242 | |
Bank of Montreal | ||||
12/12/2024 | 5.200% | 11,850,000 | 11,937,445 | |
Bank of New York Mellon Corp. (The)(b) | ||||
SOFR + 0.260% 04/26/2024 | 4.560% | 1,047,000 | 1,042,444 | |
Bank of Nova Scotia (The)(b) | ||||
SOFR + 0.380% 07/31/2024 | 4.680% | 12,562,000 | 12,498,977 | |
BBVA USA | ||||
08/27/2024 | 2.500% | 10,500,000 | 10,163,722 | |
Canadian Imperial Bank of Commerce(b) | ||||
3-month USD LIBOR + 0.660% 09/13/2023 | 5.393% | 11,370,000 | 11,384,289 | |
Citigroup, Inc.(b) | ||||
3-month USD LIBOR + 1.100% 05/17/2024 | 5.750% | 20,000,000 | 20,011,920 | |
Commonwealth Bank of Australia(a),(b) | ||||
3-month USD LIBOR + 0.820% 06/04/2024 | 5.585% | 10,383,000 | 10,416,436 | |
Cooperatieve Rabobank UA(b) | ||||
SOFR + 0.300% 01/12/2024 | 4.600% | 8,375,000 | 8,338,739 | |
Credit Suisse AG | ||||
08/09/2024 | 4.750% | 12,750,000 | 12,375,467 | |
Discover Bank | ||||
09/12/2024 | 2.450% | 10,000,000 | 9,571,373 | |
Goldman Sachs Group, Inc. (The)(b) | ||||
3-month USD LIBOR + 1.600% 11/29/2023 | 6.334% | 20,000,000 | 20,205,052 | |
HSBC Holdings PLC(d) | ||||
08/17/2024 | 0.732% | 11,887,000 | 11,572,759 | |
JPMorgan Chase & Co.(d) | ||||
12/15/2025 | 5.546% | 20,000,000 | 20,161,584 |
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 9 |
January 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Morgan Stanley(b) | ||||
3-month USD LIBOR + 1.220% 05/08/2024 | 5.770% | 20,000,000 | 20,042,296 | |
National Australia Bank Ltd. | ||||
11/22/2024 | 5.132% | 10,000,000 | 10,099,272 | |
Royal Bank of Canada(b) | ||||
3-month USD LIBOR + 0.660% 10/05/2023 | 5.442% | 10,889,000 | 10,907,935 | |
Skandinaviska Enskilda Banken AB(a),(b) | ||||
3-month USD LIBOR + 0.320% 09/01/2023 | 5.081% | 10,203,000 | 10,194,654 | |
State Street Corp.(d) | ||||
12/03/2024 | 3.776% | 10,629,000 | 10,528,403 | |
Svenska Handelsbanken AB(a) | ||||
06/30/2023 | 0.625% | 10,555,000 | 10,370,191 | |
Toronto-Dominion Bank (The)(b) | ||||
SOFR + 0.910% 03/08/2024 | 5.210% | 12,075,000 | 12,121,378 | |
Truist Bank(b) | ||||
SOFR + 0.200% 01/17/2024 | 4.500% | 12,100,000 | 12,064,483 | |
UBS Group AG(a),(d) | ||||
08/05/2025 | 4.490% | 10,600,000 | 10,493,539 | |
US Bancorp | ||||
07/30/2024 | 2.400% | 12,000,000 | 11,620,886 | |
Wells Fargo & Co.(d) | ||||
05/19/2025 | 0.805% | 18,000,000 | 17,035,412 | |
Westpac Banking Corp.(b) | ||||
3-month USD LIBOR + 0.770% 02/26/2024 | 5.506% | 11,000,000 | 11,044,822 | |
Total | 338,754,059 | |||
Cable and Satellite 0.9% | ||||
Charter Communications Operating LLC/Capital(b) | ||||
3-month USD LIBOR + 1.650% 02/01/2024 | 6.464% | 9,852,000 | 9,907,468 | |
Comcast Corp.(b) | ||||
3-month USD LIBOR + 0.630% 04/15/2024 | 5.422% | 8,823,000 | 8,860,966 | |
Total | 18,768,434 | |||
Chemicals 0.5% | ||||
DuPont de Nemours, Inc.(b) | ||||
3-month USD LIBOR + 1.110% 11/15/2023 | 5.716% | 9,889,000 | 9,930,811 | |
Construction Machinery 1.0% | ||||
Caterpillar Financial Services Corp. | ||||
01/17/2025 | 4.900% | 10,115,000 | 10,219,607 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
John Deere Capital Corp.(b) | ||||
SOFR + 0.200% 10/11/2024 | 4.500% | 10,000,000 | 9,942,031 | |
Total | 20,161,638 | |||
Diversified Manufacturing 0.5% | ||||
Siemens Financieringsmaatschappij NV(a) | ||||
05/27/2025 | 3.250% | 10,000,000 | 9,722,177 | |
Electric 4.6% | ||||
American Electric Power Co., Inc. | ||||
11/01/2023 | 0.750% | 10,000,000 | 9,695,863 | |
CenterPoint Energy, Inc.(b) | ||||
SOFR + 0.650% 05/13/2024 | 4.950% | 7,422,000 | 7,341,978 | |
Dominion Energy, Inc.(b) | ||||
3-month USD LIBOR + 0.530% 09/15/2023 | 5.299% | 10,000,000 | 10,002,401 | |
DTE Energy Co. | ||||
11/01/2024 | 4.220% | 10,000,000 | 9,884,729 | |
Duke Energy Corp.(b) | ||||
SOFR + 0.250% 06/10/2023 | 4.550% | 10,148,000 | 10,121,559 | |
Eversource Energy(b) | ||||
SOFR + 0.250% 08/15/2023 | 4.550% | 10,000,000 | 9,962,644 | |
Mississippi Power Co.(b) | ||||
SOFR + 0.300% 06/28/2024 | 4.600% | 10,286,000 | 10,118,851 | |
NextEra Energy Capital Holdings, Inc.(b) | ||||
SOFR + 1.020% 03/21/2024 | 5.320% | 10,006,000 | 9,994,936 | |
PPL Electric Utilities Corp.(b) | ||||
SOFR + 0.330% 06/24/2024 | 4.630% | 10,752,000 | 10,654,475 | |
Public Service Enterprise Group, Inc. | ||||
11/08/2023 | 0.841% | 4,262,000 | 4,124,533 | |
Xcel Energy, Inc. | ||||
06/01/2025 | 3.300% | 1,184,000 | 1,144,712 | |
Total | 93,046,681 | |||
Food and Beverage 1.5% | ||||
Bacardi Ltd.(a) | ||||
05/15/2025 | 4.450% | 10,175,000 | 9,919,225 | |
Campbell Soup Co. | ||||
03/15/2023 | 3.650% | 3,818,000 | 3,813,015 | |
Mondelez International, Inc. | ||||
03/17/2024 | 2.125% | 7,829,000 | 7,604,016 |
10 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Tyson Foods, Inc. | ||||
08/15/2024 | 3.950% | 10,000,000 | 9,875,359 | |
Total | 31,211,615 | |||
Health Care 3.0% | ||||
Becton Dickinson and Co. | ||||
06/06/2024 | 3.363% | 10,708,000 | 10,499,300 | |
Cigna Corp.(b) | ||||
3-month USD LIBOR + 0.890% 07/15/2023 | 5.682% | 10,362,000 | 10,382,419 | |
CVS Health Corp. | ||||
08/15/2024 | 2.625% | 10,000,000 | 9,690,128 | |
GE Healthcare Holding LLC(a) | ||||
11/15/2024 | 5.550% | 10,741,000 | 10,839,518 | |
HCA, Inc. | ||||
02/01/2025 | 5.375% | 9,200,000 | 9,235,575 | |
Thermo Fisher Scientific, Inc.(b) | ||||
SOFR + 0.350% 04/18/2023 | 4.650% | 10,000,000 | 10,001,155 | |
Total | 60,648,095 | |||
Healthcare Insurance 0.9% | ||||
UnitedHealth Group, Inc. | ||||
10/15/2024 | 5.000% | 9,286,000 | 9,378,682 | |
Wellpoint, Inc. | ||||
08/15/2024 | 3.500% | 10,003,000 | 9,789,820 | |
Total | 19,168,502 | |||
Independent Energy 0.6% | ||||
Pioneer Natural Resources Co. | ||||
05/15/2023 | 0.550% | 8,848,000 | 8,734,527 | |
Woodside Finance Ltd.(a) | ||||
03/05/2025 | 3.650% | 2,812,000 | 2,727,064 | |
Total | 11,461,591 | |||
Integrated Energy 1.1% | ||||
Chevron USA, Inc.(b) | ||||
3-month USD LIBOR + 0.200% 08/11/2023 | 4.850% | 11,020,000 | 11,014,726 | |
Shell International Finance BV(b) | ||||
3-month USD LIBOR + 0.400% 11/13/2023 | 5.050% | 11,529,000 | 11,547,662 | |
Total | 22,562,388 | |||
Life Insurance 2.5% | ||||
CoreBridge Financial, Inc.(a) | ||||
04/04/2025 | 3.500% | 11,000,000 | 10,634,654 | |
Five Corners Funding Trust(a) | ||||
11/15/2023 | 4.419% | 10,605,000 | 10,519,962 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Metropolitan Life Global Funding I(a) | ||||
09/27/2024 | 0.700% | 11,639,000 | 10,850,214 | |
New York Life Global Funding(a) | ||||
04/10/2024 | 2.875% | 10,000,000 | 9,781,655 | |
Principal Life Global Funding II(a) | ||||
01/08/2024 | 0.500% | 10,500,000 | 10,078,144 | |
Total | 51,864,629 | |||
Media and Entertainment 0.9% | ||||
Magallanes, Inc.(a),(b) | ||||
SOFR + 1.780% 03/15/2024 | 6.080% | 10,500,000 | 10,515,443 | |
Walt Disney Co. (The) | ||||
09/15/2024 | 3.700% | 8,149,000 | 8,013,254 | |
Total | 18,528,697 | |||
Midstream 2.7% | ||||
Enable Midstream Partners LP | ||||
05/15/2024 | 3.900% | 6,300,000 | 6,193,103 | |
Enbridge, Inc. | ||||
02/16/2024 | 2.150% | 8,708,000 | 8,454,490 | |
Enterprise Products Operating LLC | ||||
02/15/2024 | 3.900% | 10,169,000 | 10,061,899 | |
Kinder Morgan Energy Partners LP | ||||
02/01/2024 | 4.150% | 8,583,000 | 8,508,308 | |
05/01/2024 | 4.300% | 1,710,000 | 1,698,405 | |
Plains All American Pipeline LP/Finance Corp. | ||||
11/01/2024 | 3.600% | 10,175,000 | 9,932,238 | |
Williams Companies, Inc. (The) | ||||
06/24/2024 | 4.550% | 10,390,000 | 10,335,290 | |
Total | 55,183,733 | |||
Natural Gas 0.3% | ||||
NiSource, Inc. | ||||
08/15/2025 | 0.950% | 7,000,000 | 6,385,488 | |
Pharmaceuticals 2.6% | ||||
AbbVie, Inc. | ||||
03/15/2025 | 3.800% | 10,475,000 | 10,279,366 | |
Amgen, Inc. | ||||
05/01/2025 | 3.125% | 10,000,000 | 9,664,400 | |
Astrazeneca Finance LLC | ||||
05/28/2024 | 0.700% | 10,570,000 | 10,036,804 | |
Bristol-Myers Squibb Co. | ||||
11/13/2023 | 0.537% | 11,000,000 | 10,637,728 | |
Gilead Sciences, Inc. | ||||
02/01/2025 | 3.500% | 4,100,000 | 4,012,085 |
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 11 |
January 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Roche Holdings, Inc.(a),(b) | ||||
SOFR + 0.330% 09/11/2023 | 4.630% | 9,500,000 | 9,490,626 | |
Total | 54,121,009 | |||
Property & Casualty 1.0% | ||||
Chubb INA Holdings, Inc. | ||||
05/15/2024 | 3.350% | 10,000,000 | 9,838,932 | |
Loews Corp. | ||||
05/15/2023 | 2.625% | 10,750,000 | 10,673,527 | |
Total | 20,512,459 | |||
Railroads 0.9% | ||||
CSX Corp. | ||||
08/01/2024 | 3.400% | 10,394,000 | 10,193,079 | |
Union Pacific Corp. | ||||
01/15/2025 | 3.250% | 7,500,000 | 7,331,874 | |
Total | 17,524,953 | |||
Retailers 0.1% | ||||
Lowe’s Companies, Inc. | ||||
09/15/2024 | 3.125% | 2,900,000 | 2,824,082 | |
Technology 1.8% | ||||
Broadcom, Inc. | ||||
11/15/2025 | 3.150% | 3,403,000 | 3,256,477 | |
International Business Machines Corp. | ||||
02/12/2024 | 3.625% | 3,525,000 | 3,478,952 | |
Microchip Technology, Inc. | ||||
02/15/2024 | 0.972% | 10,629,000 | 10,175,565 | |
NXP BV/Funding LLC | ||||
03/01/2024 | 4.875% | 10,308,000 | 10,285,138 | |
Oracle Corp. | ||||
09/15/2023 | 2.400% | 10,000,000 | 9,832,021 | |
Total | 37,028,153 | |||
Transportation Services 0.5% | ||||
ERAC USA Finance LLC(a) | ||||
11/01/2023 | 2.700% | 11,035,000 | 10,809,466 | |
Wireless 1.0% | ||||
American Tower Corp. | ||||
05/15/2024 | 3.375% | 10,110,000 | 9,892,431 | |
T-Mobile USA, Inc. | ||||
04/15/2025 | 3.500% | 10,550,000 | 10,246,529 | |
Total | 20,138,960 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Wirelines 1.2% | ||||
AT&T, Inc.(b) | ||||
3-month USD LIBOR + 1.180% 06/12/2024 | 5.915% | 12,000,000 | 12,126,882 | |
Verizon Communications, Inc.(b) | ||||
SOFR + 0.500% 03/22/2024 | 4.800% | 12,000,000 | 11,955,072 | |
Total | 24,081,954 | |||
Total Corporate Bonds & Notes (Cost $1,022,188,345) | 1,013,248,683 | |||
Foreign Government Obligations(e) 1.0% | ||||
Canada 1.0% | ||||
Province of Ontario | ||||
01/29/2024 | 3.050% | 10,000,000 | 9,832,194 | |
Province of Quebec | ||||
10/16/2024 | 2.875% | 10,000,000 | 9,729,885 | |
Total | 19,562,079 | |||
Total Foreign Government Obligations (Cost $19,592,343) | 19,562,079 | |||
Residential Mortgage-Backed Securities - Agency 0.0% | ||||
Federal Home Loan Mortgage Corp.(b) | ||||
1-year CMT + 2.255% Cap 11.180% 02/01/2036 | 3.918% | 24,734 | 24,708 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $24,718) | 24,708 | |||
Residential Mortgage-Backed Securities - Non-Agency 8.7% | ||||
Bellemeade Re Ltd.(a),(b) | ||||
CMO Series 2021-1A Class M1A | ||||
30-day Average SOFR + 1.750% Floor 1.750% 03/25/2031 | 5.297% | 6,486,566 | 6,498,952 | |
CMO Series 2021-3A Class M1A | ||||
30-day Average SOFR + 1.000% Floor 1.000% 09/25/2031 | 5.310% | 6,134,374 | 6,012,767 | |
BVRT Financing Trust(a),(b),(f) | ||||
CMO Series 2021-3F Class M1 | ||||
30-day Average SOFR + 1.750% Floor 1.750% 07/12/2033 | 3.608% | 6,247,349 | 6,247,349 | |
CFMT LLC(a),(c) | ||||
CMO Series 2021-EBO1 Class A | ||||
11/25/2050 | 0.985% | 8,553,869 | 8,066,140 |
12 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Connecticut Avenue Securities Trust(a),(b) | ||||
CMO Series 2022-R05 Class 2M1 | ||||
30-day Average SOFR + 1.900% 04/25/2042 | 6.210% | 11,257,855 | 11,248,125 | |
Freddie Mac STACR REMIC Trust(a),(b) | ||||
CMO Series 2022-HQA1 Class M1A | ||||
30-day Average SOFR + 2.100% 03/25/2042 | 6.410% | 7,976,097 | 7,986,564 | |
Lakeview Trust(a) | ||||
CMO Series 2022-1 Class A | ||||
04/25/2052 | 2.389% | 14,440,168 | 14,113,666 | |
MFA Trust(a),(c) | ||||
CMO Series 2020-NQM3 Class A3 | ||||
01/26/2065 | 1.632% | 1,262,640 | 1,121,148 | |
NRZ Excess Spread-Collateralized Notes(a) | ||||
Series 2020-PLS1 Class A | ||||
12/25/2025 | 3.844% | 3,489,397 | 3,188,966 | |
Oceanview Trust(a),(c) | ||||
CMO Series 2021-1 Class A | ||||
12/29/2051 | 1.219% | 5,640,035 | 5,412,689 | |
Pretium Mortgage Credit Partners LLC(a),(c) | ||||
CMO Series 2021-RN2 Class A1 | ||||
07/25/2051 | 1.744% | 9,384,085 | 8,585,068 | |
Towd Point Mortgage Trust(a),(c) | ||||
CMO Series 2021-SJ1 Class A1 | ||||
07/25/2068 | 2.250% | 11,185,587 | 10,450,422 | |
CMO Series 2022-EBO1 Class A | ||||
01/25/2052 | 2.161% | 6,957,515 | 6,805,498 | |
CMO Series 2022-SJ1 Class A1B | ||||
03/25/2062 | 3.612% | 20,055,737 | 19,233,996 | |
VCAT Asset Securitization LLC(a),(c) | ||||
CMO Series 2021-NPL6 Class A1 | ||||
09/25/2051 | 1.917% | 15,507,728 | 14,418,834 | |
VCAT LLC(a),(c) | ||||
CMO Series 2021-NPL1 Class A1 | ||||
12/26/2050 | 2.289% | 1,284,285 | 1,217,812 | |
CMO Series 2021-NPL4 Class A1 | ||||
08/25/2051 | 1.868% | 27,120,129 | 24,394,852 | |
CMO Series 2021-NPL5 Class A1 | ||||
08/25/2051 | 1.868% | 12,543,746 | 11,654,679 | |
Vericrest Opportunity Loan Transferee XCIII LLC(a),(c) | ||||
CMO Series 2021-NPL2 Class A1 | ||||
02/27/2051 | 1.893% | 11,236,868 | 9,985,692 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Verus Securitization Trust(a),(c) | ||||
CMO Series 2020-1 Class A1 | ||||
01/25/2060 | 2.417% | 403,804 | 381,998 | |
Total Residential Mortgage-Backed Securities - Non-Agency (Cost $187,160,904) | 177,025,217 | |||
U.S. Government & Agency Obligations 1.0% | ||||
Federal Farm Credit Banks Funding Corp.(b) | ||||
SOFR + 0.050% 08/22/2023 | 4.350% | 350,000 | 349,825 | |
1-month USD LIBOR + 0.400% 12/08/2023 | 4.795% | 2,000,000 | 2,006,510 | |
SOFR + 0.060% 12/27/2023 | 4.360% | 2,575,000 | 2,573,528 | |
SOFR + 0.040% 02/09/2024 | 4.340% | 2,900,000 | 2,897,194 | |
Federal Home Loan Banks(b) | ||||
SOFR + 0.020% 04/21/2023 | 4.320% | 6,050,000 | 6,046,851 | |
SOFR + 0.070% 12/14/2023 | 4.370% | 7,000,000 | 6,996,204 | |
Total U.S. Government & Agency Obligations (Cost $20,881,225) | 20,870,112 | |||
U.S. Treasury Obligations 1.0% | ||||
U.S. Treasury | ||||
04/30/2023 | 0.125% | 21,075,000 | 20,842,022 | |
Total U.S. Treasury Obligations (Cost $20,848,901) | 20,842,022 |
Money Market Funds 2.2% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 4.559%(g),(h) | 44,281,331 | 44,263,618 |
Total Money Market Funds (Cost $44,260,467) | 44,263,618 | |
Total Investments in Securities (Cost: $2,062,663,823) | 2,033,305,594 | |
Other Assets & Liabilities, Net | 8,780,227 | |
Net Assets | 2,042,085,821 |
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 13 |
January 31, 2023 (Unaudited)
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 2-Year Note | (1,650) | 03/2023 | USD | (339,319,923) | — | (1,021,683) |
(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 January 31, 2023, the total value of these securities amounted to $900,045,599, which represents 44.07% of total net assets. |
(b) | Variable rate security. The interest rate shown was the current rate as of January 31, 2023. |
(c) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of January 31, 2023. |
(d) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of January 31, 2023. |
(e) | Principal and interest may not be guaranteed by a governmental entity. |
(f) | Valuation based on significant unobservable inputs. |
(g) | The rate shown is the seven-day current annualized yield at January 31, 2023. |
(h) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended January 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 4.559% | ||||||||
94,045,164 | 792,424,141 | (842,198,987) | (6,700) | 44,263,618 | 4,656 | 963,641 | 44,281,331 |
CMO | Collateralized Mortgage Obligation |
CMT | Constant Maturity Treasury |
LIBOR | London Interbank Offered Rate |
SOFR | Secured Overnight Financing 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). |
14 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Investment Manager, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Asset-Backed Securities — Non-Agency | — | 653,854,248 | — | 653,854,248 |
Commercial Mortgage-Backed Securities - Non-Agency | — | 83,614,907 | — | 83,614,907 |
Corporate Bonds & Notes | — | 1,013,248,683 | — | 1,013,248,683 |
Foreign Government Obligations | — | 19,562,079 | — | 19,562,079 |
Residential Mortgage-Backed Securities - Agency | — | 24,708 | — | 24,708 |
Residential Mortgage-Backed Securities - Non-Agency | — | 170,777,868 | 6,247,349 | 177,025,217 |
U.S. Government & Agency Obligations | — | 20,870,112 | — | 20,870,112 |
U.S. Treasury Obligations | — | 20,842,022 | — | 20,842,022 |
Money Market Funds | 44,263,618 | — | — | 44,263,618 |
Total Investments in Securities | 44,263,618 | 1,982,794,627 | 6,247,349 | 2,033,305,594 |
Investments in Derivatives | ||||
Liability | ||||
Futures Contracts | (1,021,683) | — | — | (1,021,683) |
Total | 43,241,935 | 1,982,794,627 | 6,247,349 | 2,032,283,911 |
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 15 |
January 31, 2023 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $2,018,403,356) | $1,989,041,976 |
Affiliated issuers (cost $44,260,467) | 44,263,618 |
Cash | 96,316 |
Margin deposits on: | |
Futures contracts | 1,711,250 |
Receivable for: | |
Investments sold | 20,100,741 |
Capital shares sold | 4,561,101 |
Dividends | 164,114 |
Interest | 9,641,956 |
Foreign tax reclaims | 174,583 |
Prepaid expenses | 25,949 |
Trustees’ deferred compensation plan | 158,868 |
Other assets | 408 |
Total assets | 2,069,940,880 |
Liabilities | |
Payable for: | |
Investments purchased | 16,820,473 |
Capital shares purchased | 5,275,576 |
Distributions to shareholders | 5,169,798 |
Variation margin for futures contracts | 309,375 |
Management services fees | 11,783 |
Distribution and/or service fees | 1,973 |
Transfer agent fees | 40,665 |
Compensation of board members | 41,012 |
Compensation of chief compliance officer | 248 |
Other expenses | 25,288 |
Trustees’ deferred compensation plan | 158,868 |
Total liabilities | 27,855,059 |
Net assets applicable to outstanding capital stock | $2,042,085,821 |
Represented by | |
Paid in capital | 2,076,740,042 |
Total distributable earnings (loss) | (34,654,221) |
Total - representing net assets applicable to outstanding capital stock | $2,042,085,821 |
Class A | |
Net assets | $478,689,804 |
Shares outstanding | 53,206,947 |
Net asset value per share | $9.00 |
Advisor Class | |
Net assets | $65,818,572 |
Shares outstanding | 7,306,846 |
Net asset value per share | $9.01 |
Institutional Class | |
Net assets | $464,002,285 |
Shares outstanding | 51,523,121 |
Net asset value per share | $9.01 |
Institutional 3 Class | |
Net assets | $1,033,575,160 |
Shares outstanding | 114,707,010 |
Net asset value per share | $9.01 |
16 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
Six Months Ended January 31, 2023 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $963,641 |
Interest | 29,605,450 |
Interfund lending | 9,390 |
Total income | 30,578,481 |
Expenses: | |
Management services fees | 2,557,577 |
Distribution and/or service fees | |
Class A | 444,921 |
Transfer agent fees | |
Class A | 159,162 |
Advisor Class | 15,825 |
Institutional Class | 120,713 |
Institutional 3 Class | 43,129 |
Compensation of board members | 28,550 |
Custodian fees | 11,201 |
Printing and postage fees | 19,117 |
Registration fees | 134,909 |
Audit fees | 15,250 |
Legal fees | 22,704 |
Compensation of chief compliance officer | 248 |
Other | 25,780 |
Total expenses | 3,599,086 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (24,972) |
Total net expenses | 3,574,114 |
Net investment income | 27,004,367 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (9,982,646) |
Investments — affiliated issuers | 4,656 |
Foreign currency translations | 2 |
Futures contracts | 11,290,933 |
Net realized gain | 1,312,945 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 17,519,833 |
Investments — affiliated issuers | (6,700) |
Futures contracts | (2,343,276) |
Net change in unrealized appreciation (depreciation) | 15,169,857 |
Net realized and unrealized gain | 16,482,802 |
Net increase in net assets resulting from operations | $43,487,169 |
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 17 |
Six Months Ended January 31, 2023 (Unaudited) | Year Ended July 31, 2022 | |
Operations | ||
Net investment income | $27,004,367 | $19,350,402 |
Net realized gain | 1,312,945 | 4,070,945 |
Net change in unrealized appreciation (depreciation) | 15,169,857 | (47,781,055) |
Net increase (decrease) in net assets resulting from operations | 43,487,169 | (24,359,708) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (6,402,824) | (3,424,548) |
Advisor Class | (708,837) | (252,722) |
Institutional Class | (5,346,328) | (2,283,532) |
Institutional 3 Class | (15,524,384) | (13,885,936) |
Total distributions to shareholders | (27,982,373) | (19,846,738) |
Decrease in net assets from capital stock activity | (781,725,284) | (1,122,950,875) |
Total decrease in net assets | (766,220,488) | (1,167,157,321) |
Net assets at beginning of period | 2,808,306,309 | 3,975,463,630 |
Net assets at end of period | $2,042,085,821 | $2,808,306,309 |
Six Months Ended | Year Ended | |||
January 31, 2023 (Unaudited) | July 31, 2022 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 11,062,676 | 98,958,947 | 35,534,103 | 320,107,044 |
Distributions reinvested | 713,660 | 6,390,564 | 381,031 | 3,420,523 |
Redemptions | (34,172,140) | (305,682,790) | (68,576,118) | (616,728,239) |
Net decrease | (22,395,804) | (200,333,279) | (32,660,984) | (293,200,672) |
Advisor Class | ||||
Subscriptions | 4,025,210 | 36,034,173 | 9,179,795 | 82,733,447 |
Distributions reinvested | 78,994 | 708,530 | 28,141 | 252,653 |
Redemptions | (2,940,810) | (26,340,813) | (5,271,360) | (47,488,719) |
Net increase | 1,163,394 | 10,401,890 | 3,936,576 | 35,497,381 |
Institutional Class | ||||
Subscriptions | 25,433,494 | 227,662,216 | 42,987,099 | 386,589,900 |
Distributions reinvested | 591,502 | 5,303,220 | 251,521 | 2,259,993 |
Redemptions | (21,740,880) | (194,734,604) | (40,880,635) | (368,018,292) |
Net increase | 4,284,116 | 38,230,832 | 2,357,985 | 20,831,601 |
Institutional 3 Class | ||||
Subscriptions | 7,904,501 | 70,778,906 | 114,442,793 | 1,033,394,227 |
Distributions reinvested | 492,121 | 4,412,347 | 261,517 | 2,350,277 |
Redemptions | (78,754,001) | (705,215,980) | (213,614,865) | (1,921,823,689) |
Net decrease | (70,357,379) | (630,024,727) | (98,910,555) | (886,079,185) |
Total net decrease | (87,305,673) | (781,725,284) | (125,276,978) | (1,122,950,875) |
18 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Total distributions to shareholders | |
Class A | ||||||
Six Months Ended 1/31/2023 (Unaudited) | $8.93 | 0.09 | 0.08 | 0.17 | (0.10) | (0.10) |
Year Ended 7/31/2022 | $9.04 | 0.03 | (0.10) | (0.07) | (0.04) | (0.04) |
Year Ended 7/31/2021 | $9.05 | 0.05 | 0.00(d) | 0.05 | (0.06) | (0.06) |
Year Ended 7/31/2020 | $9.03 | 0.16 | 0.03 | 0.19 | (0.17) | (0.17) |
Year Ended 7/31/2019(e) | $9.01 | 0.09 | 0.02 | 0.11 | (0.09) | (0.09) |
Advisor Class | ||||||
Six Months Ended 1/31/2023 (Unaudited) | $8.94 | 0.11 | 0.07 | 0.18 | (0.11) | (0.11) |
Year Ended 7/31/2022 | $9.05 | 0.05 | (0.11) | (0.06) | (0.05) | (0.05) |
Year Ended 7/31/2021 | $9.06 | 0.06 | 0.00(d) | 0.06 | (0.07) | (0.07) |
Year Ended 7/31/2020 | $9.04 | 0.16 | 0.05 | 0.21 | (0.19) | (0.19) |
Year Ended 7/31/2019(f) | $8.99 | 0.14 | 0.05 | 0.19 | (0.14) | (0.14) |
Institutional Class | ||||||
Six Months Ended 1/31/2023 (Unaudited) | $8.94 | 0.11 | 0.07 | 0.18 | (0.11) | (0.11) |
Year Ended 7/31/2022 | $9.05 | 0.05 | (0.11) | (0.06) | (0.05) | (0.05) |
Year Ended 7/31/2021 | $9.06 | 0.06 | 0.00(d) | 0.06 | (0.07) | (0.07) |
Year Ended 7/31/2020 | $9.04 | 0.17 | 0.04 | 0.21 | (0.19) | (0.19) |
Year Ended 7/31/2019(g) | $8.99 | 0.15 | 0.04 | 0.19 | (0.14) | (0.14) |
Institutional 3 Class | ||||||
Six Months Ended 1/31/2023 (Unaudited) | $8.95 | 0.10 | 0.07 | 0.17 | (0.11) | (0.11) |
Year Ended 7/31/2022 | $9.05 | 0.05 | (0.09) | (0.04) | (0.06) | (0.06) |
Year Ended 7/31/2021 | $9.06 | 0.07 | 0.00(d) | 0.07 | (0.08) | (0.08) |
Year Ended 7/31/2020 | $9.04 | 0.18 | 0.03 | 0.21 | (0.19) | (0.19) |
Year Ended 7/31/2019 | $9.00 | 0.22 | 0.04 | 0.26 | (0.22) | (0.22) |
Year Ended 7/31/2018 | $9.02 | 0.14 | (0.01) | 0.13 | (0.15) | (0.15) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | Rounds to zero. |
(e) | Class A shares commenced operations on February 20, 2019. Per share data and total return reflect activity from that date. |
(f) | Advisor Class shares commenced operations on December 3, 2018. Per share data and total return reflect activity from that date. |
(g) | Institutional Class shares commenced operations on December 3, 2018. Per share data and total return reflect activity from that date. |
20 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
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 1/31/2023 (Unaudited) | $9.00 | 1.92% | 0.44%(c) | 0.43%(c) | 2.07%(c) | 36% | $478,690 |
Year Ended 7/31/2022 | $8.93 | (0.80%) | 0.42% | 0.42% | 0.38% | 76% | $675,383 |
Year Ended 7/31/2021 | $9.04 | 0.56% | 0.43% | 0.43% | 0.55% | 87% | $978,846 |
Year Ended 7/31/2020 | $9.05 | 2.17% | 0.43% | 0.43% | 1.79% | 100% | $446,211 |
Year Ended 7/31/2019(e) | $9.03 | 1.27% | 0.42%(c) | 0.42%(c) | 2.43%(c) | 95% | $118,625 |
Advisor Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $9.01 | 2.00% | 0.29%(c) | 0.28%(c) | 2.35%(c) | 36% | $65,819 |
Year Ended 7/31/2022 | $8.94 | (0.65%) | 0.27% | 0.27% | 0.61% | 76% | $54,946 |
Year Ended 7/31/2021 | $9.05 | 0.71% | 0.28% | 0.28% | 0.63% | 87% | $19,969 |
Year Ended 7/31/2020 | $9.06 | 2.32% | 0.27% | 0.27% | 1.81% | 100% | $2,522 |
Year Ended 7/31/2019(f) | $9.04 | 2.16% | 0.27%(c) | 0.27%(c) | 2.52%(c) | 95% | $12 |
Institutional Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $9.01 | 2.00% | 0.29%(c) | 0.28%(c) | 2.31%(c) | 36% | $464,002 |
Year Ended 7/31/2022 | $8.94 | (0.65%) | 0.27% | 0.27% | 0.56% | 76% | $422,413 |
Year Ended 7/31/2021 | $9.05 | 0.71% | 0.28% | 0.28% | 0.71% | 87% | $406,157 |
Year Ended 7/31/2020 | $9.06 | 2.32% | 0.28% | 0.28% | 1.94% | 100% | $221,636 |
Year Ended 7/31/2019(g) | $9.04 | 2.18% | 0.30%(c) | 0.30%(c) | 2.63%(c) | 95% | $61,044 |
Institutional 3 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $9.01 | 1.91% | 0.24%(c) | 0.24%(c) | 2.24%(c) | 36% | $1,033,575 |
Year Ended 7/31/2022 | $8.95 | (0.50%) | 0.23% | 0.23% | 0.57% | 76% | $1,655,564 |
Year Ended 7/31/2021 | $9.05 | 0.75% | 0.24% | 0.24% | 0.75% | 87% | $2,570,491 |
Year Ended 7/31/2020 | $9.06 | 2.35% | 0.25% | 0.25% | 2.00% | 100% | $1,568,020 |
Year Ended 7/31/2019 | $9.04 | 2.91% | 0.25% | 0.25% | 2.40% | 95% | $780,430 |
Year Ended 7/31/2018 | $9.00 | 1.40% | 0.26% | 0.25% | 1.56% | 66% | $1,128,076 |
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 21 |
January 31, 2023 (Unaudited)
22 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 23 |
January 31, 2023 (Unaudited)
24 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 1,021,683* |
* | 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 ($) |
Interest rate risk | 11,290,933 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | (2,343,276) |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — short | 375,064,688 |
* | Based on the ending quarterly outstanding amounts for the six months ended January 31, 2023. |
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 25 |
January 31, 2023 (Unaudited)
26 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 27 |
January 31, 2023 (Unaudited)
Effective rate (%) | |
Class A | 0.05 |
Advisor Class | 0.05 |
Institutional Class | 0.05 |
Institutional 3 Class | 0.01 |
December 1, 2022 through November 30, 2023 | Prior to December 1, 2022 | |
Class A | 0.49% | 0.43% |
Advisor Class | 0.34 | 0.28 |
Institutional Class | 0.34 | 0.28 |
Institutional 3 Class | 0.25 | 0.25 |
28 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
2,062,664,000 | 2,280,000 | (32,660,000) | (30,380,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
— | (3,150,762) | (3,150,762) |
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 29 |
January 31, 2023 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 23,475,000 | 3.60 | 4 |
30 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 31 |
January 31, 2023 (Unaudited)
32 | Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Columbia Ultra Short Term Bond Fund | Semiannual Report 2023 | 33 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
January 31, 2023 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended January 31, 2023) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | Life | ||
Class A | Excluding sales charges | 03/26/15 | 0.12 | -5.12 | 1.44 | 1.69 |
Including sales charges | -2.86 | -7.95 | 0.83 | 1.29 | ||
Advisor Class | 03/26/15 | 0.35 | -4.88 | 1.70 | 1.95 | |
Class C | Excluding sales charges | 03/26/15 | -0.26 | -5.74 | 0.69 | 0.94 |
Including sales charges | -1.25 | -6.67 | 0.69 | 0.94 | ||
Institutional Class | 03/26/15 | 0.24 | -4.88 | 1.70 | 1.94 | |
Institutional 2 Class | 03/26/15 | 0.26 | -4.85 | 1.74 | 1.96 | |
Institutional 3 Class* | 03/01/17 | 0.29 | -4.78 | 1.76 | 1.92 | |
Bloomberg Municipal Bond Index | 0.73 | -3.25 | 2.07 | 2.17 |
* | 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. Since the Fund launched more than one share class at its inception, Class A shares were used. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 3 |
(Unaudited)
Portfolio breakdown (%) (at January 31, 2023) | |
Corporate Bonds & Notes | 8.1 |
Money Market Funds | 0.6 |
Municipal Bonds | 91.3 |
Total | 100.0 |
Quality breakdown (%) (at January 31, 2023) | |
AAA rating | 4.2 |
AA rating | 36.2 |
A rating | 31.9 |
BBB rating | 20.0 |
BB rating | 3.5 |
B rating | 0.2 |
Not rated | 4.0 |
Total | 100.0 |
Top Ten States/Territories (%) (at January 31, 2023) | |
New York | 8.9 |
Illinois | 6.9 |
California | 6.7 |
Pennsylvania | 6.3 |
Michigan | 4.7 |
Florida | 4.0 |
Texas | 3.9 |
Louisiana | 3.8 |
Ohio | 3.8 |
Massachusetts | 3.4 |
4 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
(Unaudited)
August 1, 2022 — January 31, 2023 | |||||||
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 | 1,001.20 | 1,021.91 | 3.57 | 3.61 | 0.70 |
Advisor Class | 1,000.00 | 1,000.00 | 1,003.50 | 1,023.19 | 2.30 | 2.32 | 0.45 |
Class C | 1,000.00 | 1,000.00 | 997.40 | 1,018.09 | 7.38 | 7.46 | 1.45 |
Institutional Class | 1,000.00 | 1,000.00 | 1,002.40 | 1,023.19 | 2.30 | 2.32 | 0.45 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,002.60 | 1,023.34 | 2.14 | 2.17 | 0.42 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,002.90 | 1,023.59 | 1.89 | 1.91 | 0.37 |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 5 |
January 31, 2023 (Unaudited)
Corporate Bonds & Notes 7.9% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
United States 7.9% | ||||
AbbVie, Inc. | ||||
05/14/2025 | 3.600% | 500,000 | 487,626 | |
American Tower Corp. | ||||
08/15/2029 | 3.800% | 650,000 | 607,504 | |
Apple, Inc. | ||||
Green Bond | ||||
02/23/2023 | 2.850% | 250,000 | 249,729 | |
AT&T, Inc. | ||||
02/01/2028 | 1.650% | 250,000 | 219,329 | |
Broadcom, Inc.(a) | ||||
04/15/2034 | 3.469% | 263,000 | 217,982 | |
11/15/2035 | 3.137% | 237,000 | 183,984 | |
Carrier Global Corp. | ||||
02/15/2027 | 2.493% | 67,000 | 61,947 | |
Cigna Corp. | ||||
10/15/2027 | 3.050% | 250,000 | 234,525 | |
10/15/2028 | 4.375% | 250,000 | 247,916 | |
Crown Castle International Corp. | ||||
02/15/2028 | 3.800% | 300,000 | 286,339 | |
Five Corners Funding Trust(a) | ||||
11/15/2023 | 4.419% | 500,000 | 495,991 | |
Kellogg Co. | ||||
12/01/2023 | 2.650% | 300,000 | 294,503 | |
Local Initiatives Support Corp. | ||||
03/01/2037 | 4.649% | 400,000 | 393,540 | |
Morgan Stanley(b) | ||||
10/20/2032 | 2.511% | 250,000 | 206,564 | |
NextEra Energy Capital Holdings, Inc. | ||||
06/01/2030 | 2.250% | 500,000 | 423,970 | |
St. Joseph’s Hospital & Medical Center | ||||
07/01/2027 | 4.584% | 300,000 | 286,196 | |
Verizon Communications, Inc. | ||||
09/21/2028 | 4.329% | 250,000 | 246,494 | |
Total | 5,144,139 | |||
Total Corporate Bonds & Notes (Cost $5,691,621) | 5,144,139 | |||
Municipal Bonds 89.1% | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Alabama 2.0% | ||||
Alabama Public School and College Authority | ||||
Refunding Revenue Bonds | ||||
Social Bonds | ||||
Series 2020A | ||||
11/01/2036 | 4.000% | 500,000 | 526,506 | |
Alabama Special Care Facilities Financing Authority | ||||
Refunding Revenue Bonds | ||||
Children’s Hospital of Alabama | ||||
Series 2015 | ||||
06/01/2027 | 5.000% | 250,000 | 264,520 | |
Butler County Board of Education | ||||
Refunding Revenue Bonds | ||||
Series 2015 (AGM) | ||||
07/01/2026 | 5.000% | 250,000 | 262,060 | |
Tuscaloosa City Board of Education | ||||
Revenue Bonds | ||||
Series 2016 | ||||
08/01/2030 | 5.000% | 200,000 | 216,912 | |
Total | 1,269,998 | |||
Arizona 2.8% | ||||
Arizona Industrial Development Authority | ||||
Revenue Bonds | ||||
Equitable School Revolving Fund | ||||
Series 2022 | ||||
11/01/2047 | 5.000% | 750,000 | 786,148 | |
Macombs Facility Project Social Bonds | ||||
Series 2021A | ||||
07/01/2051 | 4.000% | 300,000 | 255,007 | |
Glendale Union High School District No. 205 | ||||
Unlimited General Obligation Bonds | ||||
Series 2021A (AGM) | ||||
07/01/2034 | 4.000% | 200,000 | 217,563 | |
La Paz County Industrial Development Authority | ||||
Revenue Bonds | ||||
Charter School Solutions - Harmony Public Schools Project | ||||
Series 2016 | ||||
02/15/2036 | 5.000% | 100,000 | 102,121 | |
02/15/2046 | 5.000% | 210,000 | 211,356 | |
Pinal County Union High School District No. 82 Casa Grande | ||||
Unlimited General Obligation Refunding Bonds | ||||
Series 2015 (AGM) | ||||
07/01/2026 | 5.000% | 250,000 | 265,608 | |
Total | 1,837,803 |
6 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
California 6.5% | ||||
California Health Facilities Financing Authority | ||||
Taxable Senior Revenue Bonds | ||||
No Place Like Home Program | ||||
Series 2019 | ||||
06/01/2033 | 2.984% | 600,000 | 514,679 | |
California Housing Finance Agency | ||||
Revenue Bonds | ||||
Series 2021-1A | ||||
11/20/2035 | 3.500% | 291,941 | 282,861 | |
California Municipal Finance Authority | ||||
Refunding Revenue Bonds | ||||
Community Medical Centers | ||||
Series 2017A | ||||
02/01/2037 | 5.000% | 300,000 | 315,243 | |
Harbor Regional Center Project | ||||
Series 2015 | ||||
11/01/2024 | 5.000% | 250,000 | 261,192 | |
California School Finance Authority(a) | ||||
Prerefunded 08/01/25 Revenue Bonds | ||||
Aspire Public School | ||||
Series 2016 | ||||
08/01/2036 | 5.000% | 50,000 | 53,266 | |
Refunding Revenue Bonds | ||||
Aspire Public School | ||||
Series 2016 | ||||
08/01/2036 | 5.000% | 450,000 | 459,431 | |
Revenue Bonds | ||||
Green Dot Public School Project | ||||
Series 2015A | ||||
08/01/2025 | 4.000% | 250,000 | 252,508 | |
Hawking Steam Charter School Project | ||||
Series 2022 | ||||
07/01/2052 | 5.250% | 500,000 | 497,009 | |
California Statewide Communities Development Authority | ||||
Refunding Revenue Bonds | ||||
Adventist Health System West | ||||
Series 2015 | ||||
03/01/2025 | 5.000% | 250,000 | 260,901 | |
City & County of San Francisco Infrastructure & Revitalization Financing District No. 1(a) | ||||
Tax Allocation Bonds | ||||
Housing Increment - Treasure Island | ||||
Series 2022 | ||||
09/01/2052 | 5.000% | 500,000 | 497,593 | |
Lammersville Joint Unified School District | ||||
Refunding Special Tax Bonds | ||||
Community Facilities District #2002 | ||||
Series 2017 | ||||
09/01/2033 | 5.000% | 400,000 | 427,975 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Placer County Public Financing Authority | ||||
Refunding Taxable Revenue Bonds | ||||
mPOWER Program | ||||
Series 2018 (BAM) | ||||
10/01/2038 | 4.875% | 115,000 | 113,878 | |
San Francisco City & County Redevelopment Agency | ||||
Refunding Tax Allocation Bonds | ||||
Mission Bay Housing Project | ||||
Subordinated Series 2017 (AGM) | ||||
08/01/2025 | 3.250% | 300,000 | 291,189 | |
Total | 4,227,725 | |||
Colorado 3.1% | ||||
Colorado Health Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Parkview Medical Center | ||||
Series 2015B | ||||
09/01/2026 | 5.000% | 250,000 | 262,500 | |
Denver City & County School District No. 1 | ||||
Unlimited General Obligation Bonds | ||||
Series 2021 | ||||
12/01/2040 | 4.000% | 600,000 | 615,945 | |
Regional Transportation District | ||||
Refunding Revenue Bonds | ||||
Denver Transit Partners | ||||
Series 2020 | ||||
07/15/2035 | 4.000% | 250,000 | 252,213 | |
Regional Transportation District Sales Tax | ||||
Refunding Revenue Bonds | ||||
FasTracks Project Green Bonds | ||||
Series 2021 | ||||
11/01/2039 | 4.000% | 400,000 | 416,903 | |
State of Colorado | ||||
Certificate of Participation | ||||
Series 2020A | ||||
12/15/2034 | 4.000% | 125,000 | 133,164 | |
Series 2021A | ||||
12/15/2040 | 4.000% | 300,000 | 305,081 | |
Total | 1,985,806 | |||
Delaware 1.5% | ||||
Delaware State Health Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Bayhealth Medical Center Project | ||||
Series 2017 | ||||
07/01/2040 | 4.000% | 1,000,000 | 1,002,912 |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 7 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
District of Columbia 1.2% | ||||
District of Columbia | ||||
Refunding Revenue Bonds | ||||
Friendship Public Charter School | ||||
Series 2016 | ||||
06/01/2041 | 5.000% | 250,000 | 253,753 | |
Washington Metropolitan Area Transit Authority | ||||
Revenue Bonds | ||||
Series 2020A | ||||
07/15/2045 | 5.000% | 500,000 | 550,238 | |
Total | 803,991 | |||
Florida 3.9% | ||||
Alachua County Health Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Shands Teaching Hospital & Clinics | ||||
Series 2019 | ||||
12/01/2037 | 5.000% | 400,000 | 424,024 | |
City of Tallahassee | ||||
Revenue Bonds | ||||
Tallahassee Memorial Healthcare, Inc. Project | ||||
Series 2016 | ||||
12/01/2055 | 5.000% | 250,000 | 253,277 | |
County of Miami-Dade Water & Sewer System | ||||
Refunding Revenue Bonds | ||||
Series 2019C | ||||
10/01/2049 | 4.000% | 500,000 | 486,792 | |
Revenue Bonds | ||||
Subordinated Series 2021 | ||||
10/01/2038 | 4.000% | 250,000 | 257,043 | |
Miami-Dade County Health Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Nicklaus Childrens Hospital | ||||
Series 2017 | ||||
08/01/2037 | 5.000% | 500,000 | 526,177 | |
Palm Beach County School District | ||||
Certificate of Participation | ||||
Series 2020A | ||||
08/01/2034 | 5.000% | 250,000 | 289,117 | |
School District of Broward County | ||||
Refunding Certificate of Participation | ||||
Series 2016A | ||||
07/01/2032 | 5.000% | 250,000 | 269,009 | |
Total | 2,505,439 | |||
Georgia 0.4% | ||||
Cedartown Polk County Hospital Authority | ||||
Prerefunded 07/01/26 Revenue Bonds | ||||
RAC Series 2016 | ||||
07/01/2039 | 5.000% | 250,000 | 272,510 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Idaho 0.6% | ||||
Idaho Health Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Madison Memorial Hospital | ||||
Series 2016 | ||||
09/01/2028 | 5.000% | 250,000 | 259,806 | |
Idaho Housing & Finance Association | ||||
Revenue Bonds | ||||
Series 2015A-1 | ||||
07/01/2025 | 3.200% | 150,000 | 150,339 | |
Total | 410,145 | |||
Illinois 6.7% | ||||
Chicago Board of Education | ||||
Unlimited General Obligation Bonds | ||||
Dedicated | ||||
Series 2017H | ||||
12/01/2036 | 5.000% | 335,000 | 341,690 | |
Series 2022A | ||||
12/01/2047 | 5.000% | 125,000 | 125,715 | |
Chicago O’Hare International Airport(c) | ||||
Revenue Bonds | ||||
Senior Lien | ||||
Series 2022 | ||||
01/01/2048 | 5.000% | 1,000,000 | 1,053,770 | |
Chicago Park District | ||||
Limited General Obligation Bonds | ||||
Series 2016A | ||||
01/01/2032 | 5.000% | 300,000 | 314,954 | |
City of Chicago Wastewater Transmission | ||||
Revenue Bonds | ||||
2nd Lien | ||||
Series 2017A | ||||
01/01/2031 | 5.000% | 300,000 | 315,494 | |
City of Chicago Waterworks | ||||
Refunding Revenue Bonds | ||||
2nd Lien | ||||
Series 2001 (AMBAC) | ||||
11/01/2030 | 5.750% | 565,000 | 620,644 | |
Cook County Community College District No. 508 | ||||
Unlimited General Obligation Bonds | ||||
Chicago City Colleges | ||||
Series 2017 (BAM) | ||||
12/01/2047 | 5.000% | 100,000 | 105,038 | |
Cook County Community High School District No. 212 Leyden | ||||
Revenue Bonds | ||||
Series 2016C (BAM) | ||||
12/01/2034 | 5.000% | 250,000 | 258,966 |
8 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Illinois Finance Authority | ||||
Refunding Revenue Bonds | ||||
LEARN Charter School Project Social Bonds | ||||
Series 2021 | ||||
11/01/2041 | 4.000% | 300,000 | 279,411 | |
Southern Illinois Healthcare, Inc. | ||||
Series 2017 | ||||
03/01/2034 | 5.000% | 150,000 | 159,681 | |
Illinois State Toll Highway Authority | ||||
Revenue Bonds | ||||
Series 2021A | ||||
01/01/2042 | 4.000% | 250,000 | 250,734 | |
Metropolitan Water Reclamation District of Greater Chicago | ||||
Unlimited General Obligation Bonds | ||||
Green Bonds | ||||
Series 2016E | ||||
12/01/2035 | 5.000% | 500,000 | 538,213 | |
Total | 4,364,310 | |||
Indiana 2.6% | ||||
Ball State University | ||||
Revenue Bonds | ||||
Housing and Dining | ||||
Series 2018 | ||||
07/01/2038 | 5.000% | 500,000 | 541,391 | |
Indiana Finance Authority | ||||
Refunding Revenue Bonds | ||||
First Lien - CWA Authority Project | ||||
Series 2021 | ||||
10/01/2035 | 4.000% | 250,000 | 264,172 | |
Revenue Bonds | ||||
Green Bonds - CWA Authority Project | ||||
Series 2019 | ||||
10/01/2044 | 5.000% | 350,000 | 380,726 | |
Taxable Revenue Bonds | ||||
Series 2016A | ||||
07/01/2027 | 2.816% | 250,000 | 233,973 | |
Northern Indiana Commuter Transportation District | ||||
Revenue Bonds | ||||
Series 2016 | ||||
07/01/2032 | 5.000% | 250,000 | 268,417 | |
Total | 1,688,679 | |||
Kentucky 0.6% | ||||
Kentucky Economic Development Finance Authority | ||||
Refunding Revenue Bonds | ||||
Owensboro Health System | ||||
Series 2017A | ||||
06/01/2026 | 5.000% | 350,000 | 373,203 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Louisiana 3.7% | ||||
City of New Orleans Sewerage Service | ||||
Revenue Bonds | ||||
Series 2020B (AGM) | ||||
06/01/2035 | 4.000% | 150,000 | 159,053 | |
City of Shreveport Water & Sewer | ||||
Revenue Bonds | ||||
Junior Lien | ||||
Series 2017B (AGM) | ||||
12/01/2041 | 5.000% | 400,000 | 432,576 | |
Louisiana Local Government Environmental Facilities & Community Development Authority | ||||
Refunding Revenue Bonds | ||||
Act 391 Project | ||||
Series 2017 (BAM) | ||||
10/01/2028 | 5.000% | 300,000 | 337,561 | |
Ragin’ Cajun Facilities, Inc. - Student Housing | ||||
Series 2017 (AGM) | ||||
10/01/2039 | 5.000% | 300,000 | 315,001 | |
Revenue Bonds | ||||
Ragin’ Cajun Facilities, Inc. - Student Housing | ||||
Series 2018 | ||||
10/01/2043 | 5.000% | 200,000 | 207,358 | |
Louisiana Public Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Ochsner Clinic Foundation Project | ||||
Series 2017 | ||||
05/15/2034 | 5.000% | 400,000 | 429,370 | |
Revenue Bonds | ||||
LA Children’s Medical Center Project | ||||
Series 2018 | ||||
06/01/2039 | 5.000% | 500,000 | 521,612 | |
Total | 2,402,531 | |||
Maine 0.6% | ||||
Maine State Housing Authority | ||||
Revenue Bonds | ||||
Series 2016A | ||||
11/15/2035 | 3.300% | 250,000 | 247,224 | |
Series 2018B | ||||
11/15/2038 | 3.750% | 150,000 | 146,185 | |
Total | 393,409 | |||
Maryland 3.2% | ||||
City of Baltimore | ||||
Refunding Revenue Bonds | ||||
East Baltimore Research Park | ||||
Series 2017 | ||||
09/01/2038 | 5.000% | 300,000 | 303,891 |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 9 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Enterprise Community Loan Fund, Inc. | ||||
Series 2018 | ||||
11/01/2028 | 4.152% | 500,000 | 447,336 | |
Howard County Housing Commission | ||||
Revenue Bonds | ||||
Woodfield Oxford Square Apartments | ||||
Series 2017 | ||||
12/01/2037 | 5.000% | 300,000 | 319,881 | |
Maryland Economic Development Corp.(c) | ||||
Revenue Bonds | ||||
Green Bonds - Purple Line Light Rail Project | ||||
Series 2022 | ||||
12/31/2037 | 5.000% | 250,000 | 262,209 | |
Maryland Health & Higher Educational Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Meritus Medical Center Issue | ||||
Series 2015 | ||||
07/01/2023 | 5.000% | 250,000 | 251,838 | |
Revenue Bonds | ||||
MedStar Health | ||||
Series 1998A (AGM) | ||||
08/15/2038 | 5.250% | 425,000 | 494,964 | |
Total | 2,080,119 | |||
Massachusetts 3.3% | ||||
Martha’s Vineyard Land Bank | ||||
Refunding Revenue Bonds | ||||
Green Bonds | ||||
Series 2017 (BAM) | ||||
05/01/2036 | 5.000% | 300,000 | 324,170 | |
Massachusetts Bay Transportation Authority | ||||
Refunding Revenue Bonds | ||||
Series 2022A-1 | ||||
07/01/2037 | 5.000% | 750,000 | 886,410 | |
Massachusetts Development Finance Agency | ||||
Revenue Bonds | ||||
Green Bonds - Boston Medical Center | ||||
Series 2015 | ||||
07/01/2044 | 5.000% | 250,000 | 253,904 | |
Series 2017 | ||||
07/01/2028 | 5.000% | 200,000 | 213,384 | |
Massachusetts Housing Finance Agency | ||||
Revenue Bonds | ||||
Special Obligations | ||||
Series 2017D | ||||
12/01/2042 | 3.750% | 500,000 | 478,733 | |
Total | 2,156,601 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Michigan 4.6% | ||||
City of Detroit | ||||
Unlimited General Obligation Bonds | ||||
Social Bonds | ||||
Series 2021A | ||||
04/01/2035 | 5.000% | 150,000 | 156,433 | |
Karegnondi Water Authority | ||||
Refunding Revenue Bonds | ||||
Series 2018 | ||||
11/01/2045 | 5.000% | 400,000 | 417,313 | |
Michigan Finance Authority | ||||
Refunding Revenue Bonds | ||||
Beaumont-Spectrum Hospital | ||||
Series 2022 | ||||
04/15/2035 | 5.000% | 250,000 | 292,874 | |
Revenue Bonds | ||||
Local Government Loan Program - Great Lakes Water Authority | ||||
Series 2015 | ||||
07/01/2032 | 5.000% | 250,000 | 262,121 | |
Series 2015 (BAM) | ||||
07/01/2033 | 5.000% | 250,000 | 262,420 | |
Michigan Finance Authority(b) | ||||
Revenue Bonds | ||||
Bronson Healthcare Group | ||||
Series 2022 (Mandatory Put 11/16/26) | ||||
11/15/2044 | 5.000% | 1,000,000 | 1,077,847 | |
Michigan State Housing Development Authority | ||||
Revenue Bonds | ||||
Series 2018A | ||||
10/01/2033 | 3.550% | 500,000 | 506,105 | |
Total | 2,975,113 | |||
Minnesota 0.6% | ||||
Northwest Multi-County Housing & Redevelopment Authority | ||||
Refunding Revenue Bonds | ||||
Pooled Housing Program | ||||
Series 2015 | ||||
07/01/2024 | 4.000% | 170,000 | 169,164 | |
St. Cloud Housing & Redevelopment Authority(d) | ||||
Taxable Revenue Bonds | ||||
Sanctuary St. Cloud Project | ||||
Series 2016 | ||||
08/01/2036 | 0.000% | 240,000 | 204,000 | |
Total | 373,164 | |||
Mississippi 0.9% | ||||
Biloxi Public School District | ||||
Revenue Bonds | ||||
Trust Certificates | ||||
Series 2016 (BAM) | ||||
04/01/2029 | 5.000% | 250,000 | 270,135 |
10 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Mississippi Development Bank | ||||
Revenue Bonds | ||||
Mississippi Gulf Coast Community College District | ||||
Series 2016F | ||||
12/01/2032 | 4.000% | 300,000 | 316,391 | |
Total | 586,526 | |||
Missouri 0.0% | ||||
Missouri Housing Development Commission | ||||
Revenue Bonds | ||||
First Place Homeownership Loan Program | ||||
Series 2015 | ||||
11/01/2027 | 3.250% | 25,000 | 24,913 | |
Nevada 1.4% | ||||
City of Reno | ||||
Revenue Bonds | ||||
Reno Transportation 2nd Lien | ||||
Series 2018 (AGM) | ||||
06/01/2038 | 5.000% | 250,000 | 270,209 | |
Clark County School District | ||||
Limited General Obligation Bonds | ||||
Series 2020B (BAM) | ||||
06/15/2031 | 5.000% | 335,000 | 390,499 | |
State of Nevada Department of Business & Industry(a) | ||||
Revenue Bonds | ||||
Somerset Academy | ||||
Series 2018A | ||||
12/15/2038 | 5.000% | 250,000 | 251,046 | |
Total | 911,754 | |||
New Hampshire 1.1% | ||||
New Hampshire Business Finance Authority(a),(c) | ||||
Refunding Revenue Bonds | ||||
Green Bonds | ||||
Series 2020B (Mandatory Put 07/02/40) | ||||
07/01/2045 | 3.750% | 145,000 | 116,791 | |
New Hampshire Business Finance Authority | ||||
Revenue Bonds | ||||
Municipal Certificates | ||||
Series 2020A-1 | ||||
01/20/2034 | 4.125% | 191,308 | 193,274 | |
New Hampshire Health & Education Facilities Authority Act | ||||
Refunding Revenue Bonds | ||||
Dartmouth-Hitchcock Obligation | ||||
Series 2018 | ||||
08/01/2036 | 5.000% | 400,000 | 427,510 | |
Total | 737,575 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
New Jersey 2.0% | ||||
Camden County Improvement Authority (The) | ||||
Revenue Bonds | ||||
Social Bonds - KIPP: Cooper Norcross Academy | ||||
Series 2022 | ||||
06/15/2047 | 6.000% | 250,000 | 269,013 | |
New Jersey Economic Development Authority | ||||
Revenue Bonds | ||||
Transportation Project | ||||
Series 2020 | ||||
11/01/2040 | 5.000% | 500,000 | 529,682 | |
New Jersey Housing & Mortgage Finance Agency(c) | ||||
Refunding Revenue Bonds | ||||
Series 2017D | ||||
11/01/2032 | 3.900% | 300,000 | 302,302 | |
New Jersey Housing & Mortgage Finance Agency | ||||
Refunding Revenue Bonds | ||||
Series 2020A (HUD) | ||||
11/01/2035 | 2.100% | 200,000 | 164,991 | |
Total | 1,265,988 | |||
New York 8.6% | ||||
Build NYC Resource Corp. | ||||
Revenue Bonds | ||||
Academic Leadership Charter School Project | ||||
Series 2021 | ||||
06/15/2031 | 4.000% | 100,000 | 100,563 | |
Grand Concourse Academy Charter School Project | ||||
Series 2022 | ||||
07/01/2052 | 5.000% | 250,000 | 254,464 | |
07/01/2056 | 5.000% | 300,000 | 302,774 | |
Series 2015 | ||||
07/01/2028 | 5.000% | 250,000 | 261,640 | |
Build NYC Resource Corp.(a) | ||||
Revenue Bonds | ||||
Richmond Preparatory School Project Social Bonds | ||||
Series 2021 | ||||
06/01/2051 | 5.000% | 200,000 | 184,901 | |
Social Bonds - East Harlem Scholars Academy Charter School Project | ||||
Series 2022 | ||||
06/01/2042 | 5.750% | 250,000 | 260,903 | |
Housing Development Corp. | ||||
Refunding Revenue Bonds | ||||
Sustainable Neighborhood | ||||
Series 2015S | ||||
05/01/2026 | 3.400% | 495,000 | 499,768 | |
Revenue Bonds | ||||
Sustainable Neighborhood | ||||
Series 2016 | ||||
11/01/2031 | 3.600% | 300,000 | 304,067 |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 11 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Metropolitan Transportation Authority | ||||
Revenue Bonds | ||||
Green Bonds | ||||
Series 2016A-1 | ||||
11/15/2033 | 5.000% | 250,000 | 258,762 | |
Series 2020C-1 | ||||
11/15/2050 | 5.000% | 150,000 | 153,669 | |
Series 2020A-1 (AGM) | ||||
11/15/2041 | 4.000% | 500,000 | 496,709 | |
Monroe County Industrial Development Corp.(a) | ||||
Revenue Bonds | ||||
Social Bonds - Academy of Health Sciences Charter School Project | ||||
Series 2022 | ||||
07/01/2052 | 5.875% | 300,000 | 300,627 | |
New York City Housing Development Corp. | ||||
Revenue Bonds | ||||
Sustainability Bonds | ||||
Series 2020I-1 | ||||
11/01/2035 | 2.100% | 400,000 | 321,169 | |
New York City Water & Sewer System | ||||
Refunding Revenue Bonds | ||||
Series 2017EE | ||||
06/15/2037 | 5.000% | 300,000 | 323,791 | |
New York State Housing Finance Agency | ||||
Revenue Bonds | ||||
Green Bonds - Affordable Housing | ||||
Series 2017 (GNMA) | ||||
11/01/2042 | 4.000% | 300,000 | 296,184 | |
Series 2022E1 (FHA) | ||||
11/01/2052 | 4.200% | 750,000 | 715,489 | |
Niagara Falls Public Water Authority | ||||
Refunding Revenue Bonds | ||||
Series 2016A | ||||
07/15/2027 | 5.000% | 300,000 | 326,588 | |
Onondaga Civic Development Corp. | ||||
Refunding Revenue Bonds | ||||
Community College Housing Bonds | ||||
Series 2015 | ||||
10/01/2023 | 5.000% | 250,000 | 251,396 | |
Total | 5,613,464 | |||
North Carolina 1.5% | ||||
County of Scotland | ||||
Refunding Revenue Bonds | ||||
School Facilities | ||||
Series 2017 | ||||
12/01/2030 | 5.000% | 250,000 | 277,506 | |
North Carolina Capital Facilities Finance Agency | ||||
Refunding Revenue Bonds | ||||
The Arc of North Carolina | ||||
Series 2017 | ||||
10/01/2028 | 5.000% | 300,000 | 313,152 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
North Carolina Housing Finance Agency | ||||
Revenue Bonds | ||||
Series 44 | ||||
07/01/2040 | 2.850% | 460,000 | 389,085 | |
Total | 979,743 | |||
Ohio 3.7% | ||||
Akron Bath Copley Joint Township Hospital District | ||||
Refunding Revenue Bonds | ||||
Children’s Hospital Medical Center | ||||
Series 2022 | ||||
11/15/2031 | 5.000% | 250,000 | 293,393 | |
Summa Health Obligated Group-Hospital | ||||
Series 2020 | ||||
11/15/2036 | 4.000% | 250,000 | 242,387 | |
Columbus City School District | ||||
Unlimited General Obligation Refunding Bonds | ||||
School Facilities Construction & Improvement | ||||
Series 2016 | ||||
12/01/2032 | 5.000% | 250,000 | 269,710 | |
Miami Valley Career Technology Center | ||||
Unlimited General Obligation Bonds | ||||
Series 2018 | ||||
12/01/2044 | 5.000% | 400,000 | 431,546 | |
Ohio Higher Educational Facility Commission | ||||
Revenue Bonds | ||||
Ashtabula County Medical Center Obligated Group | ||||
Series 2022 | ||||
01/01/2052 | 5.250% | 750,000 | 793,657 | |
State of Ohio | ||||
Refunding Revenue Bonds | ||||
University Hospital Health System, Inc. | ||||
Series 2020 | ||||
01/15/2050 | 4.000% | 400,000 | 369,639 | |
Total | 2,400,332 | |||
Oregon 1.2% | ||||
Medford Hospital Facilities Authority | ||||
Refunding Revenue Bonds | ||||
Asante Project | ||||
Series 2020A | ||||
08/15/2050 | 5.000% | 400,000 | 423,712 | |
Union County Hospital Facility Authority | ||||
Revenue Bonds | ||||
Grande Ronde Hospital | ||||
Series 2022 | ||||
07/01/2052 | 5.000% | 375,000 | 382,857 | |
Total | 806,569 |
12 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Pennsylvania 6.1% | ||||
City of Philadelphia Water & Wastewater | ||||
Refunding Revenue Bonds | ||||
Series 2016 | ||||
10/01/2028 | 5.000% | 300,000 | 341,627 | |
Hospitals & Higher Education Facilities Authority of Philadelphia (The) | ||||
Refunding Revenue Bonds | ||||
Temple University Health Systems | ||||
Series 2022 (AGM) | ||||
07/01/2038 | 4.000% | 500,000 | 497,346 | |
Mifflinburg Area School District | ||||
Limited General Obligation Refunding Bonds | ||||
Series 2020A | ||||
06/15/2039 | 4.000% | 200,000 | 203,423 | |
06/15/2040 | 4.000% | 250,000 | 252,675 | |
Pennsylvania Economic Development Financing Authority | ||||
Refunding Revenue Bonds | ||||
Philadelphia Biosolids Facility Project | ||||
Series 2020 | ||||
01/01/2032 | 4.000% | 300,000 | 307,833 | |
Pennsylvania Turnpike Commission | ||||
Refunding Revenue Bonds | ||||
Mass Transit Projects | ||||
Subordinated Series 2016A-1 | ||||
12/01/2041 | 5.000% | 200,000 | 206,984 | |
Revenue Bonds | ||||
Series 2019A | ||||
12/01/2044 | 5.000% | 500,000 | 541,079 | |
Redevelopment Authority of the City of Philadelphia | ||||
Refunding Revenue Bonds | ||||
Series 2015A | ||||
04/15/2028 | 5.000% | 250,000 | 263,303 | |
Reinvestment Fund, Inc. (The) | ||||
Series 2018 | ||||
02/15/2028 | 3.930% | 500,000 | 468,232 | |
School District of Philadelphia (The) | ||||
Limited General Obligation Bonds | ||||
Series 2018A | ||||
09/01/2036 | 5.000% | 100,000 | 108,939 | |
Series 2021A | ||||
09/01/2035 | 5.000% | 300,000 | 342,374 | |
Scranton School District | ||||
Limited General Obligation Refunding Bonds | ||||
Series 2017D (NPFGC) | ||||
06/01/2037 | 4.250% | 250,000 | 253,915 | |
Series 2017E (BAM) | ||||
12/01/2035 | 5.000% | 150,000 | 164,205 | |
Total | 3,951,935 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Puerto Rico 1.2% | ||||
Puerto Rico Housing Finance Authority(e) | ||||
Refunding Revenue Bonds | ||||
Public Housing Project | ||||
Series 2020 | ||||
12/01/2026 | 5.000% | 700,000 | 755,610 | |
Rhode Island 2.0% | ||||
Rhode Island Health & Educational Building Corp. | ||||
Refunding Revenue Bonds | ||||
Woonsocket Schools | ||||
Series 2017A (AGM) | ||||
05/15/2028 | 5.000% | 300,000 | 332,295 | |
Rhode Island Health and Educational Building Corp. | ||||
Revenue Bonds | ||||
Public Schools Financing Program | ||||
Series 2022 | ||||
05/15/2042 | 4.000% | 250,000 | 252,615 | |
Rhode Island Housing & Mortgage Finance Corp.(c) | ||||
Refunding Revenue Bonds | ||||
Homeownership Opportunity | ||||
Series 2015 | ||||
10/01/2025 | 3.550% | 250,000 | 251,545 | |
Rhode Island Housing & Mortgage Finance Corp. | ||||
Revenue Bonds | ||||
Multi-Family Development and Sustainability | ||||
Series 2019 | ||||
10/01/2034 | 2.750% | 500,000 | 458,684 | |
Total | 1,295,139 | |||
Tennessee 1.2% | ||||
Greeneville Health & Educational Facilities Board | ||||
Refunding Revenue Bonds | ||||
Ballad Health Obligation Group | ||||
Series 2018 | ||||
07/01/2037 | 5.000% | 500,000 | 531,370 | |
New Memphis Arena Public Building Authority(f) | ||||
Revenue Bonds | ||||
City of Memphis Project | ||||
Series 2021 | ||||
04/01/2032 | 0.000% | 300,000 | 221,012 | |
Total | 752,382 | |||
Texas 3.8% | ||||
Alamo Community College District | ||||
Limited General Obligation Bonds | ||||
Series 2021 | ||||
08/15/2039 | 4.000% | 400,000 | 410,523 |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 13 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Arlington Higher Education Finance Corp. | ||||
Revenue Bonds | ||||
Harmony Public Schools | ||||
Series 2016A | ||||
02/15/2031 | 5.000% | 250,000 | 266,715 | |
Bexar County Hospital District | ||||
Limited General Obligation Bonds | ||||
Series 2018 | ||||
02/15/2043 | 4.000% | 300,000 | 301,624 | |
Clifton Higher Education Finance Corp. | ||||
Revenue Bonds | ||||
International Leadership of Texas, Inc. | ||||
Series 2021 | ||||
08/15/2031 | 5.000% | 300,000 | 355,412 | |
Deaf Smith County Hospital District | ||||
Limited General Obligation Refunding Bonds | ||||
Series 2017 | ||||
03/01/2034 | 5.000% | 500,000 | 526,022 | |
Old Spanish Trail-Almeda Corridors Redevelopment Authority | ||||
Refunding Tax Allocation Bonds | ||||
Series 2019 (BAM) | ||||
09/01/2036 | 4.000% | 250,000 | 262,032 | |
Texas Private Activity Bond Surface Transportation Corp. | ||||
Refunding Revenue Bonds | ||||
LBJ Infrastructure Group LLC I-635 Managed Lanes Project | ||||
Series 2020 | ||||
12/31/2039 | 4.000% | 100,000 | 96,673 | |
Texas State Technical College | ||||
Refunding Revenue Bonds | ||||
Improvements | ||||
Series 2016 (AGM) | ||||
10/15/2030 | 4.000% | 250,000 | 263,504 | |
Total | 2,482,505 | |||
Utah 0.7% | ||||
Central Utah Water Conservancy District | ||||
Revenue Bonds | ||||
Series 2020D | ||||
10/01/2040 | 4.000% | 420,000 | 430,389 | |
Virginia 1.3% | ||||
Virginia Housing Development Authority | ||||
Revenue Bonds | ||||
Series 2018A | ||||
03/01/2043 | 3.650% | 400,000 | 368,629 | |
Series 2020E | ||||
07/01/2040 | 2.300% | 585,000 | 442,796 | |
Total | 811,425 |
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Washington 2.2% | ||||
Energy Northwest | ||||
Wind Project Refunding Revenue Bonds | ||||
Series 2015 | ||||
07/01/2029 | 4.000% | 250,000 | 257,265 | |
King County Housing Authority | ||||
Refunding Revenue Bonds | ||||
Series 2018 | ||||
05/01/2038 | 3.750% | 400,000 | 388,811 | |
King County Public Hospital District No. 4 | ||||
Revenue Bonds | ||||
Series 2015A | ||||
12/01/2035 | 6.000% | 200,000 | 206,882 | |
Seattle Housing Authority | ||||
Refunding Revenue Bonds | ||||
Pooled Housing | ||||
Series 2018 | ||||
12/01/2047 | 3.750% | 300,000 | 277,291 | |
Washington Health Care Facilities Authority | ||||
Revenue Bonds | ||||
Seattle Childrens Hospital | ||||
Series 2017 | ||||
10/01/2047 | 5.000% | 300,000 | 311,005 | |
Total | 1,441,254 | |||
West Virginia 1.4% | ||||
West Virginia Hospital Finance Authority | ||||
Revenue Bonds | ||||
West Virginia University Health System Obligation | ||||
Series 2018 | ||||
06/01/2052 | 5.000% | 500,000 | 508,119 | |
West Virginia Housing Development Fund | ||||
Revenue Bonds | ||||
Series 2019B | ||||
11/01/2039 | 2.850% | 450,000 | 402,651 | |
Total | 910,770 | |||
Wisconsin 0.9% | ||||
University of Wisconsin Hospitals & Clinics | ||||
Refunding Revenue Bonds | ||||
Green Bonds - University of Wisconsin Hospital | ||||
Series 2021 | ||||
04/01/2051 | 4.000% | 250,000 | 243,254 | |
Wisconsin Health & Educational Facilities Authority | ||||
Revenue Bonds | ||||
Covenant Communities, Inc. Project | ||||
Series 2018B | ||||
07/01/2053 | 5.000% | 100,000 | 72,897 |
14 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Municipal Bonds (continued) | ||||
Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
Wisconsin Housing & Economic Development Authority | ||||
Revenue Bonds | ||||
Series 2019C (FNMA) | ||||
09/01/2030 | 2.100% | 300,000 | 270,151 | |
Total | 586,302 | |||
Total Municipal Bonds (Cost $60,355,675) | 57,868,033 |
Money Market Funds 0.6% | ||
Shares | Value ($) | |
JPMorgan Institutional Tax Free Money Market Fund, Institutional Shares, 1.588%(g) | 401,247 | 401,247 |
Total Money Market Funds (Cost $401,247) | 401,247 | |
Total Investments in Securities (Cost $66,448,543) | 63,413,419 | |
Other Assets & Liabilities, Net | 1,529,414 | |
Net Assets | $64,942,833 |
(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 January 31, 2023, the total value of these securities amounted to $3,772,032, which represents 5.81% of total net assets. |
(b) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of January 31, 2023. |
(c) | Income from this security may be subject to alternative minimum tax. |
(d) | Represents a security in default. |
(e) | Municipal obligations include debt obligations issued by or on behalf of territories, possessions, or sovereign nations within the territorial boundaries of the United States. At January 31, 2023, the total value of these securities amounted to $755,610, which represents 1.16% of total net assets. |
(f) | Zero coupon bond. |
(g) | The rate shown is the seven-day current annualized yield at January 31, 2023. |
AGM | Assured Guaranty Municipal Corporation |
AMBAC | Ambac Assurance Corporation |
BAM | Build America Mutual Assurance Co. |
FHA | Federal Housing Authority |
FNMA | Federal National Mortgage Association |
GNMA | Government National Mortgage Association |
HUD | U.S. Department of Housing and Urban Development |
NPFGC | National Public Finance Guarantee Corporation |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 15 |
January 31, 2023 (Unaudited)
pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset’s or liability’s fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Corporate Bonds & Notes | — | 5,144,139 | — | 5,144,139 |
Municipal Bonds | — | 57,868,033 | — | 57,868,033 |
Money Market Funds | 401,247 | — | — | 401,247 |
Total Investments in Securities | 401,247 | 63,012,172 | — | 63,413,419 |
16 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $66,448,543) | $63,413,419 |
Cash | 973,839 |
Receivable for: | |
Capital shares sold | 183,079 |
Interest | 638,826 |
Expense reimbursement due from Investment Manager | 692 |
Prepaid expenses | 2,040 |
Trustees’ deferred compensation plan | 33,029 |
Total assets | 65,244,924 |
Liabilities | |
Payable for: | |
Capital shares purchased | 76,178 |
Distributions to shareholders | 156,076 |
Management services fees | 849 |
Distribution and/or service fees | 117 |
Transfer agent fees | 4,206 |
Compensation of board members | 12,626 |
Compensation of chief compliance officer | 7 |
Audit fees | 15,250 |
Other expenses | 3,753 |
Trustees’ deferred compensation plan | 33,029 |
Total liabilities | 302,091 |
Net assets applicable to outstanding capital stock | $64,942,833 |
Represented by | |
Paid in capital | 69,498,946 |
Total distributable earnings (loss) | (4,556,113) |
Total - representing net assets applicable to outstanding capital stock | $64,942,833 |
Class A | |
Net assets | $13,575,387 |
Shares outstanding | 1,404,004 |
Net asset value per share | $9.67 |
Maximum sales charge | 3.00% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $9.97 |
Advisor Class | |
Net assets | $5,507,777 |
Shares outstanding | 569,839 |
Net asset value per share | $9.67 |
Class C | |
Net assets | $888,987 |
Shares outstanding | 91,963 |
Net asset value per share | $9.67 |
Institutional Class | |
Net assets | $35,423,026 |
Shares outstanding | 3,663,350 |
Net asset value per share | $9.67 |
Institutional 2 Class | |
Net assets | $2,465,958 |
Shares outstanding | 254,857 |
Net asset value per share | $9.68 |
Institutional 3 Class | |
Net assets | $7,081,698 |
Shares outstanding | 729,898 |
Net asset value per share | $9.70 |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 17 |
Six Months Ended January 31, 2023 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $16,329 |
Interest | 1,078,850 |
Total income | 1,095,179 |
Expenses: | |
Management services fees | 166,242 |
Distribution and/or service fees | |
Class A | 17,143 |
Class C | 4,796 |
Transfer agent fees | |
Class A | 6,504 |
Advisor Class | 2,728 |
Class C | 455 |
Institutional Class | 17,959 |
Institutional 2 Class | 1,107 |
Institutional 3 Class | 292 |
Compensation of board members | 9,567 |
Custodian fees | 701 |
Printing and postage fees | 6,577 |
Registration fees | 44,481 |
Audit fees | 15,250 |
Legal fees | 6,388 |
Line of credit interest | 115 |
Interest on interfund lending | 569 |
Compensation of chief compliance officer | 7 |
Other | 5,234 |
Total expenses | 306,115 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (131,183) |
Total net expenses | 174,932 |
Net investment income | 920,247 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (1,168,937) |
Net realized loss | (1,168,937) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (39,257) |
Net change in unrealized appreciation (depreciation) | (39,257) |
Net realized and unrealized loss | (1,208,194) |
Net decrease in net assets resulting from operations | $(287,947) |
18 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
Six Months Ended January 31, 2023 (Unaudited) | Year Ended July 31, 2022 | |
Operations | ||
Net investment income | $920,247 | $1,496,987 |
Net realized gain (loss) | (1,168,937) | 67,119 |
Net change in unrealized appreciation (depreciation) | (39,257) | (7,687,105) |
Net decrease in net assets resulting from operations | (287,947) | (6,122,999) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (166,646) | (270,527) |
Advisor Class | (77,133) | (63,564) |
Class C | (8,143) | (14,809) |
Institutional Class | (505,605) | (904,206) |
Institutional 2 Class | (49,246) | (82,050) |
Institutional 3 Class | (100,632) | (162,197) |
Total distributions to shareholders | (907,405) | (1,497,353) |
Increase (decrease) in net assets from capital stock activity | (8,877,918) | 11,353,597 |
Total increase (decrease) in net assets | (10,073,270) | 3,733,245 |
Net assets at beginning of period | 75,016,103 | 71,282,858 |
Net assets at end of period | $64,942,833 | $75,016,103 |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 19 |
Six Months Ended | Year Ended | |||
January 31, 2023 (Unaudited) | July 31, 2022 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 426,463 | 4,073,602 | 242,765 | 2,483,677 |
Distributions reinvested | 12,176 | 113,955 | 18,530 | 189,906 |
Redemptions | (427,354) | (4,023,652) | (234,701) | (2,386,161) |
Net increase | 11,285 | 163,905 | 26,594 | 287,422 |
Advisor Class | ||||
Subscriptions | 73,124 | 706,867 | 462,295 | 4,536,212 |
Distributions reinvested | 8,238 | 76,981 | 6,239 | 63,333 |
Redemptions | (101,228) | (934,029) | (113,955) | (1,154,640) |
Net increase (decrease) | (19,866) | (150,181) | 354,579 | 3,444,905 |
Class C | ||||
Subscriptions | 2,606 | 24,800 | 22,549 | 228,483 |
Distributions reinvested | 690 | 6,449 | 986 | 10,117 |
Redemptions | (15,007) | (141,445) | (53,926) | (536,467) |
Net decrease | (11,711) | (110,196) | (30,391) | (297,867) |
Institutional Class | ||||
Subscriptions | 1,505,294 | 14,163,407 | 2,035,390 | 20,719,858 |
Distributions reinvested | 37,566 | 351,489 | 65,810 | 672,843 |
Redemptions | (2,224,418) | (20,898,588) | (1,608,917) | (16,173,421) |
Net increase (decrease) | (681,558) | (6,383,692) | 492,283 | 5,219,280 |
Institutional 2 Class | ||||
Subscriptions | 63,538 | 593,154 | 218,005 | 2,191,834 |
Distributions reinvested | 5,258 | 49,113 | 8,018 | 81,827 |
Redemptions | (262,303) | (2,481,432) | (95,988) | (959,281) |
Net increase (decrease) | (193,507) | (1,839,165) | 130,035 | 1,314,380 |
Institutional 3 Class | ||||
Subscriptions | 35,461 | 337,095 | 258,588 | 2,599,714 |
Distributions reinvested | 8,553 | 80,282 | 14,634 | 150,406 |
Redemptions | (104,437) | (975,966) | (135,497) | (1,364,643) |
Net increase (decrease) | (60,423) | (558,589) | 137,725 | 1,385,477 |
Total net increase (decrease) | (955,780) | (8,877,918) | 1,110,825 | 11,353,597 |
20 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
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 1/31/2023 (Unaudited) | $9.78 | 0.12 | (0.11) | 0.01 | (0.12) | — | (0.12) |
Year Ended 7/31/2022 | $10.86 | 0.19 | (1.08) | (0.89) | (0.19) | — | (0.19) |
Year Ended 7/31/2021 | $10.75 | 0.21 | 0.11 | 0.32 | (0.21) | — | (0.21) |
Year Ended 7/31/2020 | $10.51 | 0.25 | 0.25 | 0.50 | (0.25) | (0.01) | (0.26) |
Year Ended 7/31/2019 | $10.05 | 0.27 | 0.45 | 0.72 | (0.26) | — | (0.26) |
Year Ended 7/31/2018 | $10.18 | 0.24 | (0.13) | 0.11 | (0.24) | — | (0.24) |
Advisor Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $9.77 | 0.13 | (0.10) | 0.03 | (0.13) | — | (0.13) |
Year Ended 7/31/2022 | $10.86 | 0.22 | (1.09) | (0.87) | (0.22) | — | (0.22) |
Year Ended 7/31/2021 | $10.75 | 0.24 | 0.11 | 0.35 | (0.24) | — | (0.24) |
Year Ended 7/31/2020 | $10.51 | 0.28 | 0.25 | 0.53 | (0.28) | (0.01) | (0.29) |
Year Ended 7/31/2019 | $10.05 | 0.29 | 0.46 | 0.75 | (0.29) | — | (0.29) |
Year Ended 7/31/2018 | $10.18 | 0.28 | (0.14) | 0.14 | (0.27) | — | (0.27) |
Class C | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $9.78 | 0.08 | (0.11) | (0.03) | (0.08) | — | (0.08) |
Year Ended 7/31/2022 | $10.86 | 0.12 | (1.08) | (0.96) | (0.12) | — | (0.12) |
Year Ended 7/31/2021 | $10.74 | 0.13 | 0.12 | 0.25 | (0.13) | — | (0.13) |
Year Ended 7/31/2020 | $10.51 | 0.17 | 0.24 | 0.41 | (0.17) | (0.01) | (0.18) |
Year Ended 7/31/2019 | $10.05 | 0.19 | 0.46 | 0.65 | (0.19) | — | (0.19) |
Year Ended 7/31/2018 | $10.17 | 0.17 | (0.12) | 0.05 | (0.17) | — | (0.17) |
Institutional Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $9.78 | 0.13 | (0.11) | 0.02 | (0.13) | — | (0.13) |
Year Ended 7/31/2022 | $10.86 | 0.22 | (1.08) | (0.86) | (0.22) | — | (0.22) |
Year Ended 7/31/2021 | $10.75 | 0.24 | 0.11 | 0.35 | (0.24) | — | (0.24) |
Year Ended 7/31/2020 | $10.51 | 0.28 | 0.25 | 0.53 | (0.28) | (0.01) | (0.29) |
Year Ended 7/31/2019 | $10.05 | 0.29 | 0.46 | 0.75 | (0.29) | — | (0.29) |
Year Ended 7/31/2018 | $10.18 | 0.27 | (0.13) | 0.14 | (0.27) | — | (0.27) |
Institutional 2 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $9.79 | 0.13 | (0.11) | 0.02 | (0.13) | — | (0.13) |
Year Ended 7/31/2022 | $10.87 | 0.22 | (1.08) | (0.86) | (0.22) | — | (0.22) |
Year Ended 7/31/2021 | $10.76 | 0.24 | 0.11 | 0.35 | (0.24) | — | (0.24) |
Year Ended 7/31/2020 | $10.52 | 0.28 | 0.25 | 0.53 | (0.28) | (0.01) | (0.29) |
Year Ended 7/31/2019 | $10.06 | 0.29 | 0.46 | 0.75 | (0.29) | — | (0.29) |
Year Ended 7/31/2018 | $10.18 | 0.27 | (0.12) | 0.15 | (0.27) | — | (0.27) |
22 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
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 1/31/2023 (Unaudited) | $9.67 | 0.12% | 1.08%(c),(d),(e) | 0.70%(c),(d),(e) | 2.46%(c) | 10% | $13,575 |
Year Ended 7/31/2022 | $9.78 | (8.22%) | 1.05% | 0.70% | 1.90% | 7% | $13,616 |
Year Ended 7/31/2021 | $10.86 | 3.03% | 1.08% | 0.70% | 1.98% | 13% | $14,841 |
Year Ended 7/31/2020 | $10.75 | 4.87% | 1.12% | 0.70% | 2.39% | 14% | $14,709 |
Year Ended 7/31/2019 | $10.51 | 7.33% | 1.14% | 0.70% | 2.63% | 11% | $11,797 |
Year Ended 7/31/2018 | $10.05 | 1.10% | 1.20% | 0.70% | 2.40% | 21% | $7,030 |
Advisor Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $9.67 | 0.35% | 0.83%(c),(d),(e) | 0.45%(c),(d),(e) | 2.72%(c) | 10% | $5,508 |
Year Ended 7/31/2022 | $9.77 | (8.08%) | 0.80% | 0.45% | 2.19% | 7% | $5,764 |
Year Ended 7/31/2021 | $10.86 | 3.29% | 0.83% | 0.45% | 2.23% | 13% | $2,554 |
Year Ended 7/31/2020 | $10.75 | 5.13% | 0.87% | 0.45% | 2.64% | 14% | $2,010 |
Year Ended 7/31/2019 | $10.51 | 7.60% | 0.89% | 0.45% | 2.86% | 11% | $629 |
Year Ended 7/31/2018 | $10.05 | 1.36% | 0.94% | 0.45% | 2.76% | 21% | $86 |
Class C | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $9.67 | (0.26%) | 1.83%(c),(d),(e) | 1.45%(c),(d),(e) | 1.73%(c) | 10% | $889 |
Year Ended 7/31/2022 | $9.78 | (8.91%) | 1.80% | 1.45% | 1.14% | 7% | $1,013 |
Year Ended 7/31/2021 | $10.86 | 2.36% | 1.83% | 1.45% | 1.23% | 13% | $1,456 |
Year Ended 7/31/2020 | $10.74 | 3.99% | 1.87% | 1.45% | 1.64% | 14% | $1,763 |
Year Ended 7/31/2019 | $10.51 | 6.53% | 1.89% | 1.45% | 1.88% | 11% | $1,803 |
Year Ended 7/31/2018 | $10.05 | 0.45% | 1.95% | 1.45% | 1.65% | 21% | $1,470 |
Institutional Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $9.67 | 0.24% | 0.83%(c),(d),(e) | 0.45%(c),(d),(e) | 2.71%(c) | 10% | $35,423 |
Year Ended 7/31/2022 | $9.78 | (7.99%) | 0.80% | 0.45% | 2.15% | 7% | $42,482 |
Year Ended 7/31/2021 | $10.86 | 3.29% | 0.83% | 0.45% | 2.23% | 13% | $41,856 |
Year Ended 7/31/2020 | $10.75 | 5.13% | 0.86% | 0.45% | 2.64% | 14% | $36,426 |
Year Ended 7/31/2019 | $10.51 | 7.60% | 0.90% | 0.45% | 2.88% | 11% | $31,708 |
Year Ended 7/31/2018 | $10.05 | 1.36% | 0.95% | 0.45% | 2.65% | 21% | $36,887 |
Institutional 2 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $9.68 | 0.26% | 0.79%(c),(d),(e) | 0.42%(c),(d),(e) | 2.71%(c) | 10% | $2,466 |
Year Ended 7/31/2022 | $9.79 | (7.95%) | 0.77% | 0.42% | 2.19% | 7% | $4,387 |
Year Ended 7/31/2021 | $10.87 | 3.31% | 0.80% | 0.43% | 2.25% | 13% | $3,461 |
Year Ended 7/31/2020 | $10.76 | 5.14% | 0.84% | 0.44% | 2.66% | 14% | $2,920 |
Year Ended 7/31/2019 | $10.52 | 7.60% | 0.87% | 0.44% | 2.89% | 11% | $3,018 |
Year Ended 7/31/2018 | $10.06 | 1.46% | 0.93% | 0.44% | 2.67% | 21% | $1,581 |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 23 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 1/31/2023 (Unaudited) | $9.81 | 0.13 | (0.11) | 0.02 | (0.13) | — | (0.13) |
Year Ended 7/31/2022 | $10.90 | 0.23 | (1.09) | (0.86) | (0.23) | — | (0.23) |
Year Ended 7/31/2021 | $10.78 | 0.25 | 0.12 | 0.37 | (0.25) | — | (0.25) |
Year Ended 7/31/2020 | $10.55 | 0.28 | 0.25 | 0.53 | (0.29) | (0.01) | (0.30) |
Year Ended 7/31/2019 | $10.09 | 0.30 | 0.45 | 0.75 | (0.29) | — | (0.29) |
Year Ended 7/31/2018 | $10.21 | 0.27 | (0.12) | 0.15 | (0.27) | — | (0.27) |
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) | Ratios include line of credit interest expense which is less than 0.01%. |
24 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
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 1/31/2023 (Unaudited) | $9.70 | 0.29% | 0.75%(c),(d),(e) | 0.37%(c),(d),(e) | 2.80%(c) | 10% | $7,082 |
Year Ended 7/31/2022 | $9.81 | (7.97%) | 0.72% | 0.37% | 2.23% | 7% | $7,754 |
Year Ended 7/31/2021 | $10.90 | 3.46% | 0.75% | 0.38% | 2.30% | 13% | $7,115 |
Year Ended 7/31/2020 | $10.78 | 5.08% | 0.79% | 0.40% | 2.69% | 14% | $5,202 |
Year Ended 7/31/2019 | $10.55 | 7.61% | 0.84% | 0.42% | 2.91% | 11% | $3,515 |
Year Ended 7/31/2018 | $10.09 | 1.49% | 0.90% | 0.43% | 2.72% | 21% | $2,420 |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 25 |
January 31, 2023 (Unaudited)
26 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 27 |
January 31, 2023 (Unaudited)
28 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Effective rate (%) | |
Class A | 0.09 |
Advisor Class | 0.09 |
Class C | 0.09 |
Institutional Class | 0.09 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 3.00 | 0.75(a) | 689 |
Class C | — | 1.00(b) | 56 |
(a) | This charge is imposed on certain investments of $500,000 or more if redeemed within 12 months after purchase. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 29 |
January 31, 2023 (Unaudited)
Fee rate(s) contractual through November 30, 2023 | |
Class A | 0.70% |
Advisor Class | 0.45 |
Class C | 1.45 |
Institutional Class | 0.45 |
Institutional 2 Class | 0.42 |
Institutional 3 Class | 0.37 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
66,449,000 | 330,000 | (3,366,000) | (3,036,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
— | (205,003) | (205,003) |
30 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 687,500 | 3.85 | 8 |
Average loan balance ($) | Weighted average interest rate (%) | Days outstanding |
1,000,000 | 4.15 | 1 |
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 31 |
January 31, 2023 (Unaudited)
32 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
January 31, 2023 (Unaudited)
Columbia U.S. Social Bond Fund | Semiannual Report 2023 | 33 |
January 31, 2023 (Unaudited)
34 | Columbia U.S. Social Bond Fund | Semiannual Report 2023 |
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 | March 24, 2023 |
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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 | March 24, 2023 |
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 | March 24, 2023 |
By (Signature and Title) | /s/ Joseph Beranek |
| Joseph Beranek, Treasurer, Chief Accounting |
| Officer and Principal Financial Officer |
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Date | March 24, 2023 |