UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-04367
Columbia Funds Series Trust I
(Exact name of registrant as specified in charter)
290 Congress Street
Boston, MA 02210
(Address of principal executive offices) (Zip code)
Daniel J. Beckman
c/o Columbia Management Investment Advisers, LLC
290 Congress Street
Boston, MA 02210
Ryan C. Larrenaga, Esq.
c/o Columbia Management Investment Advisers, LLC
290 Congress Street
Boston, MA 02210
(Name and address of agent for service)
Registrant's telephone number, including area code: (800) 345-6611
Date of fiscal year end: April 30
Date of reporting period: October 31, 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.
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/img7bbc467a1.jpg)
October 31, 2023 (Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imge6f8bf292.jpg)
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2023) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | Life | ||
Institutional Class* | 01/03/17 | 0.62 | 0.83 | 3.01 | 3.18 | |
HFRX Equity Hedge Index | 0.80 | 2.89 | 4.11 | 3.77 | ||
Wilshire Liquid Alternative Equity Hedge Index | 1.25 | 6.00 | 3.69 | 3.41 | ||
MSCI World Index (Net) | -1.59 | 10.48 | 8.27 | 9.15 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. Returns shown for periods prior to the inception date of the Fund’s Institutional Class shares include the returns of the Fund’s Class A shares for the period from October 17, 2016 (the inception date of the Fund) through January 2, 2017. Class A shares were offered prior to the Fund’s Institutional Class shares but have since been merged into the Fund’s Institutional Class shares. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information.The Fund’s performance prior to February 17, 2022, reflects returns achieved by one or more different subadviser(s) that managed the Fund according to different principal investment strategies. If the Fund’s current subadvisers and strategies had been in place for the prior periods, results shown may have been different. |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 3 |
(Unaudited)
Portfolio breakdown — long positions (%) (at October 31, 2023) | |
Common Stocks | 85.1 |
Exchange-Traded Equity Funds | 18.6 |
Preferred Stocks | 0.3 |
Warrants | 0.0 |
Money Market Funds(a) | 23.4 |
Total | 127.4 |
(a) | Includes investments in Money Market Funds, including investing for the purpose of covering obligations relating to the Fund’s investment in derivatives. For a description of the Fund’s investments in derivatives, see Investments in derivatives following the Portfolio of Investments and the derivative instruments discussion in Note 2 to the Notes to Financial Statements. |
Portfolio breakdown — short positions (%) (at October 31, 2023) | |
Common Stocks | (27.4) |
Equity sector breakdown — long positions (%) (at October 31, 2023) | |
Communication Services | 7.8 |
Consumer Discretionary | 9.0 |
Consumer Staples | 8.8 |
Energy | 7.4 |
Financials | 14.0 |
Health Care | 13.2 |
Industrials | 18.8 |
Information Technology | 12.2 |
Materials | 3.6 |
Real Estate | 2.0 |
Utilities | 3.2 |
Total | 100.0 |
Equity sector breakdown — short positions (%) (at October 31, 2023) | |
Communication Services | (8.5) |
Consumer Discretionary | (14.5) |
Consumer Staples | (5.7) |
Energy | (5.3) |
Financials | (17.6) |
Health Care | (10.8) |
Industrials | (14.5) |
Information Technology | (9.1) |
Materials | (6.5) |
Real Estate | (5.8) |
Utilities | (1.7) |
Total | (100.0) |
4 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
(Unaudited)
May 1, 2023 — October 31, 2023 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Institutional Class | 1,000.00 | 1,000.00 | 1,006.20 | 1,014.28 | 11.16 | 11.21 | 2.19 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 5 |
October 31, 2023 (Unaudited)
Common Stocks 67.1% | ||
Issuer | Shares | Value ($) |
Communication Services 5.2% | ||
Diversified Telecommunication Services 1.4% | ||
AT&T, Inc.(a) | 42,616 | 656,287 |
Bandwidth, Inc., Class A(a),(b) | 14,112 | 149,728 |
Deutsche Telekom AG, Registered Shares | 23,250 | 504,610 |
Lumen Technologies, Inc.(a),(b) | 197,611 | 288,512 |
Verizon Communications, Inc.(a) | 58,432 | 2,052,716 |
Total | 3,651,853 | |
Entertainment 0.5% | ||
Embracer Group AB(b) | 5,843 | 9,513 |
Live Nation Entertainment, Inc.(a),(b) | 5,494 | 439,630 |
Netflix, Inc.(a),(b) | 244 | 100,453 |
Take-Two Interactive Software, Inc.(b) | 4,233 | 566,164 |
Warner Bros Discovery, Inc.(b) | 33,430 | 332,294 |
Total | 1,448,054 | |
Interactive Media & Services 1.9% | ||
Alphabet, Inc., Class A(a),(b) | 17,874 | 2,217,806 |
Alphabet, Inc., Class C(a),(b) | 10,629 | 1,331,814 |
Cars.com, Inc.(b) | 27,458 | 418,185 |
Match Group, Inc.(b) | 7,826 | 270,779 |
Meta Platforms, Inc., Class A(a),(b) | 478 | 144,007 |
Shutterstock, Inc.(a) | 11,029 | 448,660 |
Total | 4,831,251 | |
Media 1.1% | ||
AMC Networks, Inc., Class A(a),(b) | 4,551 | 53,702 |
Fox Corp., Class A(a) | 17,874 | 543,191 |
Gray Television, Inc.(a) | 34,781 | 226,772 |
Informa PLC | 53,290 | 461,730 |
Interpublic Group of Companies, Inc. (The)(a) | 12,918 | 366,871 |
Nexstar Media Group, Inc., Class A | 5,313 | 744,245 |
TEGNA, Inc. | 30,364 | 440,582 |
Total | 2,837,093 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Wireless Telecommunication Services 0.3% | ||
T-Mobile US, Inc.(a),(b) | 4,363 | 627,661 |
Vodafone Group PLC | 111,814 | 102,929 |
Total | 730,590 | |
Total Communication Services | 13,498,841 | |
Consumer Discretionary 5.8% | ||
Automobiles 0.6% | ||
Ford Motor Co.(a) | 35,905 | 350,073 |
General Motors Co.(a) | 7,489 | 211,190 |
Renault SA | 2,194 | 76,975 |
Stellantis NV | 52,142 | 974,135 |
Total | 1,612,373 | |
Broadline Retail 0.2% | ||
eBay, Inc.(a) | 11,612 | 455,539 |
Distributors 0.1% | ||
LKQ Corp.(a) | 6,276 | 275,642 |
Diversified Consumer Services 0.2% | ||
frontdoor, Inc.(b) | 18,255 | 528,117 |
Hotels, Restaurants & Leisure 1.9% | ||
Booking Holdings, Inc.(b) | 348 | 970,767 |
Boyd Gaming Corp. | 8,039 | 444,155 |
Entain PLC | 28,667 | 325,436 |
Flutter Entertainment PLC(b) | 3,337 | 524,795 |
Genting Singapore Ltd. | 392,400 | 246,527 |
International Game Technology PLC | 8,648 | 219,832 |
MGM Resorts International | 14,154 | 494,258 |
Restaurant Brands International, Inc. | 9,270 | 622,944 |
Wyndham Hotels & Resorts, Inc. | 7,122 | 515,633 |
Wynn Macau Ltd.(b) | 574,000 | 508,339 |
Total | 4,872,686 | |
Household Durables 1.6% | ||
Beazer Homes USA, Inc.(a),(b) | 17,680 | 427,679 |
D.R. Horton, Inc.(a) | 8,399 | 876,856 |
Dream Finders Homes, Inc., Class A(a),(b) | 5,760 | 113,414 |
Green Brick Partners, Inc.(a),(b) | 4,160 | 160,992 |
Lennar Corp., Class A(a) | 6,147 | 655,762 |
6 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Mohawk Industries, Inc.(b) | 3,690 | 296,602 |
PulteGroup, Inc.(a) | 13,147 | 967,488 |
Tempur Sealy International, Inc.(a) | 13,552 | 541,131 |
Whirlpool Corp.(a) | 1,503 | 157,154 |
Total | 4,197,078 | |
Specialty Retail 0.9% | ||
AutoZone, Inc.(b) | 216 | 535,060 |
Best Buy Co., Inc.(a) | 7,271 | 485,848 |
Ross Stores, Inc. | 6,530 | 757,284 |
TJX Companies, Inc. (The) | 7,048 | 620,718 |
Total | 2,398,910 | |
Textiles, Apparel & Luxury Goods 0.3% | ||
Capri Holdings Ltd.(b) | 5,077 | 259,841 |
Ralph Lauren Corp. | 1,686 | 189,726 |
Swatch Group AG (The), Registered Shares | 3,916 | 189,655 |
Total | 639,222 | |
Total Consumer Discretionary | 14,979,567 | |
Consumer Staples 5.9% | ||
Beverages 1.2% | ||
Coca-Cola Europacific Partners PLC(a) | 17,270 | 1,010,468 |
Constellation Brands, Inc., Class A | 1,133 | 265,292 |
Keurig Dr. Pepper, Inc.(a) | 21,435 | 650,123 |
Molson Coors Beverage Co., Class B(a) | 19,500 | 1,126,515 |
Total | 3,052,398 | |
Consumer Staples Distribution & Retail 1.5% | ||
Albertsons Companies, Inc., Class A | 23,476 | 509,429 |
Carrefour SA | 15,899 | 278,733 |
Dollar General Corp. | 2,016 | 239,985 |
Empire Co., Ltd., Class A | 15,200 | 416,513 |
Kroger Co. (The)(a) | 5,205 | 236,151 |
U.S. Foods Holding Corp.(a),(b) | 15,236 | 593,290 |
Walgreens Boots Alliance, Inc.(a) | 51,583 | 1,087,369 |
Walmart, Inc. | 3,500 | 571,935 |
Total | 3,933,405 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Food Products 1.2% | ||
Archer-Daniels-Midland Co.(a) | 718 | 51,387 |
Campbell Soup Co.(a) | 4,208 | 170,045 |
ConAgra Foods, Inc.(a) | 5,243 | 143,448 |
Hershey Co. (The)(a) | 4,073 | 763,077 |
Kraft Heinz Co. (The)(a) | 26,046 | 819,407 |
Nomad Foods Ltd.(b) | 21,580 | 298,236 |
WH Group Ltd. | 1,608,000 | 960,351 |
Total | 3,205,951 | |
Household Products 1.2% | ||
Clorox Co. (The)(a) | 6,280 | 739,156 |
Essity AB, Class B | 15,533 | 354,182 |
Kimberly-Clark Corp.(a) | 16,699 | 1,997,868 |
Total | 3,091,206 | |
Personal Care Products 0.2% | ||
Unilever PLC | 9,070 | 429,562 |
Tobacco 0.6% | ||
Altria Group, Inc.(a) | 19,599 | 787,292 |
Philip Morris International, Inc.(a) | 8,204 | 731,469 |
Total | 1,518,761 | |
Total Consumer Staples | 15,231,283 | |
Energy 5.0% | ||
Energy Equipment & Services 1.0% | ||
Halliburton Co.(a) | 6,705 | 263,775 |
Noble Corp PLC | 14,504 | 677,192 |
Schlumberger NV | 7,428 | 413,442 |
Technip Energies NV | 21,048 | 461,156 |
Tidewater, Inc.(b) | 5,811 | 397,182 |
Weatherford International PLC(b) | 5,153 | 479,693 |
Total | 2,692,440 | |
Oil, Gas & Consumable Fuels 4.0% | ||
BP PLC, ADR | 28,401 | 1,038,909 |
Canadian Natural Resources Ltd. | 12,275 | 779,831 |
Cenovus Energy, Inc. | 36,436 | 695,199 |
Coterra Energy, Inc.(a) | 8,150 | 224,125 |
EQT Corp. | 12,274 | 520,172 |
Equinor ASA, ADR | 16,968 | 566,222 |
Hafnia Ltd. | 18,621 | 122,368 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 7 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Idemitsu Kosan Co., Ltd. | 1,200 | 27,246 |
Imperial Oil Ltd. | 6,500 | 370,431 |
Inpex Corp. | 6,500 | 94,321 |
International Seaways, Inc.(a) | 12,144 | 584,005 |
Kosmos Energy Ltd.(a),(b) | 54,473 | 394,384 |
Marathon Petroleum Corp.(a) | 6,438 | 973,747 |
MEG Energy Corp.(b) | 17,255 | 340,932 |
Phillips 66 | 3,021 | 344,605 |
Range Resources Corp. | 10,712 | 383,918 |
Repsol SA | 88,875 | 1,301,321 |
Shell PLC, ADR | 9,663 | 629,448 |
Spartan Delta Corp. | 17,500 | 56,283 |
Thungela Resources Ltd. | 28,498 | 254,345 |
Valero Energy Corp.(a) | 751 | 95,377 |
Vermilion Energy, Inc. | 30,244 | 436,118 |
Total | 10,233,307 | |
Total Energy | 12,925,747 | |
Financials 9.5% | ||
Banks 4.7% | ||
Bank of America Corp.(a) | 45,085 | 1,187,539 |
Bank of Georgia Group PLC | 5,613 | 227,183 |
Bankinter SA | 21,832 | 138,054 |
Barclays Bank PLC | 22,057 | 35,403 |
Commerzbank AG | 112,106 | 1,209,125 |
Danske Bank A/S | 3,177 | 74,528 |
DBS Group Holdings Ltd. | 6,600 | 158,554 |
East West Bancorp, Inc.(a) | 9,126 | 489,336 |
Fifth Third Bancorp(a) | 14,428 | 342,088 |
Hana Financial Group, Inc. | 5,850 | 170,099 |
HSBC Holdings PLC | 47,544 | 343,288 |
Huntington Bancshares, Inc.(a) | 61,302 | 591,564 |
ING Groep NV | 34,015 | 436,090 |
Intesa Sanpaolo SpA | 193,248 | 503,564 |
JPMorgan Chase & Co.(a) | 10,784 | 1,499,623 |
Mitsubishi UFJ Financial Group, Inc. | 100,800 | 845,626 |
Mizuho Financial Group, Inc. | 3,000 | 50,935 |
NatWest Group PLC | 87,056 | 189,418 |
Nordea Bank Abp | 46,518 | 489,938 |
Regions Financial Corp. | 11,051 | 160,571 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Societe Generale SA | 10,730 | 241,122 |
UniCredit SpA | 35,332 | 885,760 |
United Overseas Bank Ltd. | 12,800 | 252,476 |
Wells Fargo & Co.(a) | 35,310 | 1,404,279 |
Total | 11,926,163 | |
Capital Markets 1.4% | ||
3i Group PLC | 3,406 | 80,305 |
Bank of New York Mellon Corp. (The)(a) | 16,746 | 711,705 |
Charles Schwab Corp. (The) | 4,017 | 209,045 |
Deutsche Bank AG, Registered Shares | 66,283 | 729,415 |
Evercore, Inc., Class A(a) | 2,141 | 278,715 |
Goldman Sachs Group, Inc. (The) | 603 | 183,077 |
Invesco Ltd.(a) | 16,262 | 210,918 |
Morgan Stanley | 6,084 | 430,869 |
Nomura Holdings, Inc. | 148,400 | 573,330 |
UBS Group AG, Registered Shares | 9,770 | 229,204 |
Total | 3,636,583 | |
Consumer Finance 0.4% | ||
American Express Co. | 2,016 | 294,396 |
Discover Financial Services | 5,868 | 481,645 |
SLM Corp.(a) | 16,135 | 209,755 |
Synchrony Financial(a) | 2,774 | 77,811 |
Total | 1,063,607 | |
Financial Services 0.9% | ||
A-Mark Precious Metals, Inc.(a) | 15,316 | 414,757 |
Berkshire Hathaway, Inc., Class B(b) | 1,273 | 434,513 |
Eurazeo SA | 10,753 | 606,218 |
Fiserv, Inc.(b) | 1,774 | 201,793 |
FleetCor Technologies, Inc.(b) | 1,800 | 405,306 |
Global Payments, Inc.(a) | 2,714 | 288,281 |
Helia Group Ltd. | 11,291 | 25,967 |
Total | 2,376,835 | |
Insurance 2.1% | ||
Ageas SA/NV | 4,024 | 154,573 |
Aon PLC, Class A | 1,867 | 577,650 |
Arthur J Gallagher & Co. | 1,923 | 452,847 |
Chubb Ltd. | 2,585 | 554,793 |
Everest Group Ltd. | 1,309 | 517,867 |
8 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Fairfax Financial Holdings Ltd. | 300 | 249,655 |
Mandatum OYJ(b) | 5,651 | 21,836 |
Manulife Financial Corp. | 8,700 | 151,446 |
Power Corp. of Canada | 2,100 | 50,594 |
Progressive Corp. (The) | 3,512 | 555,212 |
RenaissanceRe Holdings Ltd. | 3,379 | 741,995 |
Ryan Specialty Holdings, Inc., Class A(b) | 6,223 | 268,834 |
Sampo OYJ, Class A | 5,649 | 222,168 |
Travelers Companies, Inc. (The) | 1,739 | 291,178 |
White Mountains Insurance Group Ltd. | 181 | 258,966 |
WR Berkley Corp. | 4,679 | 315,458 |
Total | 5,385,072 | |
Total Financials | 24,388,260 | |
Health Care 8.9% | ||
Biotechnology 2.4% | ||
AbbVie, Inc.(a) | 9,083 | 1,282,338 |
Amgen, Inc.(a) | 4,245 | 1,085,447 |
Catalyst Pharmaceuticals, Inc.(a),(b) | 29,793 | 369,731 |
Emergent BioSolutions, Inc.(a),(b) | 45,292 | 94,660 |
Gilead Sciences, Inc.(a) | 27,159 | 2,133,068 |
Halozyme Therapeutics, Inc.(a),(b) | 11,749 | 397,939 |
Incyte Corp.(a),(b) | 1,129 | 60,887 |
United Therapeutics Corp.(a),(b) | 3,790 | 844,639 |
Zymeworks, Inc.(a),(b) | 5,474 | 38,427 |
Total | 6,307,136 | |
Health Care Equipment & Supplies 0.7% | ||
Abbott Laboratories(a) | 9,242 | 873,831 |
Boston Scientific Corp.(b) | 5,065 | 259,277 |
Envista Holdings Corp.(a),(b) | 6,890 | 160,330 |
Medtronic PLC(a) | 968 | 68,302 |
Stryker Corp. | 485 | 131,057 |
Zimmer Biomet Holdings, Inc. | 3,982 | 415,761 |
Total | 1,908,558 | |
Health Care Providers & Services 3.3% | ||
AdaptHealth Corp.(a),(b) | 1,671 | 12,248 |
AMN Healthcare Services, Inc.(b) | 3,738 | 283,565 |
Cencora, Inc. | 1,929 | 357,154 |
Centene Corp.(a),(b) | 19,641 | 1,354,836 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Cigna Group (The)(a) | 1,970 | 609,124 |
CVS Health Corp.(a) | 27,576 | 1,903,020 |
Elevance Health, Inc.(a) | 1,469 | 661,182 |
HCA Healthcare, Inc. | 936 | 211,667 |
Henry Schein, Inc.(b) | 2,087 | 135,613 |
Humana, Inc.(a) | 1,509 | 790,248 |
McKesson Corp. | 595 | 270,939 |
Molina Healthcare, Inc.(b) | 388 | 129,185 |
R1 RCM, Inc.(b) | 13,096 | 154,402 |
UnitedHealth Group, Inc. | 2,908 | 1,557,409 |
Total | 8,430,592 | |
Life Sciences Tools & Services 0.5% | ||
Avantor, Inc.(a),(b) | 21,129 | 368,279 |
Fortrea Holdings, Inc.(b) | 7,233 | 205,417 |
ICON PLC(b) | 1,227 | 299,339 |
IQVIA Holdings, Inc.(b) | 1,047 | 189,329 |
Thermo Fisher Scientific, Inc. | 240 | 106,745 |
Total | 1,169,109 | |
Pharmaceuticals 2.0% | ||
AstraZeneca PLC | 1,856 | 232,378 |
Bristol-Myers Squibb Co.(a) | 36,418 | 1,876,619 |
Johnson & Johnson | 3,902 | 578,823 |
Merck & Co., Inc. | 585 | 60,079 |
Novo Nordisk A/S | 7,839 | 756,277 |
Pfizer, Inc. | 2,207 | 67,446 |
Roche Holding AG | 958 | 261,066 |
Sanofi SA | 4,981 | 452,306 |
UCB SA | 2,544 | 186,068 |
Viatris, Inc.(a) | 64,484 | 573,908 |
Total | 5,044,970 | |
Total Health Care | 22,860,365 | |
Industrials 12.6% | ||
Aerospace & Defense 2.3% | ||
Airbus Group SE | 3,317 | 444,731 |
Boeing Co. (The)(a),(b) | 2,262 | 422,587 |
BWX Technologies, Inc. | 6,579 | 488,688 |
Curtiss-Wright Corp. | 2,448 | 486,687 |
General Dynamics Corp. | 2,114 | 510,129 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 9 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hexcel Corp. | 3,431 | 212,448 |
Howmet Aerospace, Inc.(a) | 14,721 | 649,196 |
Lockheed Martin Corp.(a) | 3,239 | 1,472,579 |
RTX Corp. | 6,709 | 546,045 |
Textron, Inc. | 7,533 | 572,508 |
Total | 5,805,598 | |
Building Products 1.5% | ||
Advanced Drainage Systems, Inc. | 4,060 | 433,730 |
Allegion PLC | 4,177 | 410,850 |
Builders FirstSource, Inc.(a),(b) | 6,081 | 659,910 |
Carlisle Companies, Inc. | 1,783 | 453,042 |
Janus International Group, Inc.(a),(b) | 13,898 | 130,085 |
Johnson Controls International PLC(a) | 5,375 | 263,483 |
Lennox International, Inc.(a) | 820 | 303,843 |
Masco Corp. | 6,691 | 348,534 |
Owens Corning(a) | 7,739 | 877,370 |
Total | 3,880,847 | |
Commercial Services & Supplies 0.7% | ||
Brink’s Co. (The) | 5,456 | 364,788 |
Clean Harbors, Inc.(b) | 3,881 | 596,393 |
Securitas AB | 106,603 | 853,934 |
Veralto Corp.(a),(b) | 218 | 15,042 |
Total | 1,830,157 | |
Construction & Engineering 0.3% | ||
Aecon Group, Inc. | 12,300 | 90,471 |
Eiffage SA | 3,835 | 348,028 |
Valmont Industries, Inc. | 1,416 | 278,825 |
Total | 717,324 | |
Electrical Equipment 0.9% | ||
Acuity Brands, Inc. | 2,495 | 404,115 |
AMETEK, Inc. | 4,800 | 675,696 |
Atkore, Inc.(b) | 2,644 | 328,596 |
Eaton Corp. PLC | 2,005 | 416,860 |
nVent Electric PLC | 9,525 | 458,438 |
Sensata Technologies Holding | 4,454 | 141,994 |
Total | 2,425,699 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Industrial Conglomerates 1.0% | ||
CK Hutchison Holdings Ltd. | 314,000 | 1,589,558 |
Jardine Matheson Holdings Ltd. | 16,500 | 668,599 |
Siemens AG, Registered Shares | 3,270 | 433,925 |
Total | 2,692,082 | |
Machinery 2.8% | ||
AGCO Corp. | 2,213 | 253,743 |
Allison Transmission Holdings, Inc. | 8,763 | 441,830 |
Andritz AG | 7,013 | 322,802 |
Caterpillar, Inc.(a) | 5,121 | 1,157,602 |
Daimler Truck Holding AG | 31,024 | 974,781 |
Deere & Co. | 445 | 162,585 |
Dover Corp. | 3,547 | 460,933 |
Fortive Corp. | 8,847 | 577,532 |
Komatsu Ltd. | 8,600 | 197,597 |
Otis Worldwide Corp. | 6,708 | 517,925 |
PACCAR, Inc.(a) | 6,299 | 519,857 |
Parker-Hannifin Corp. | 702 | 258,975 |
Volvo AB | 6,272 | 125,749 |
Volvo AB, B Shares | 21,790 | 431,773 |
Wabash National Corp.(a) | 18,441 | 381,544 |
Westinghouse Air Brake Technologies Corp.(a) | 5,016 | 531,796 |
Total | 7,317,024 | |
Passenger Airlines 0.1% | ||
Ryanair Holdings PLC, ADR(b) | 3,001 | 263,188 |
Professional Services 1.3% | ||
Adecco Group AG, Registered Shares | 2,900 | 109,746 |
Concentrix Corp. | 4,085 | 311,318 |
FTI Consulting, Inc.(a),(b) | 2,545 | 540,202 |
Jacobs Solutions, Inc. | 3,329 | 443,756 |
Leidos Holdings, Inc. | 4,136 | 409,960 |
Science Applications International Corp. | 6,998 | 764,462 |
SS&C Technologies Holdings, Inc. | 9,582 | 481,495 |
TriNet Group, Inc.(b) | 2,902 | 298,180 |
Total | 3,359,119 |
10 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Trading Companies & Distributors 1.7% | ||
AerCap Holdings NV(a),(b) | 7,483 | 464,844 |
Beacon Roofing Supply, Inc.(b) | 3,187 | 226,819 |
Ferguson PLC | 2,566 | 385,413 |
Marubeni Corp. | 5,900 | 86,268 |
Mitsubishi Corp. | 11,700 | 545,402 |
Mitsui & Co., Ltd. | 13,100 | 476,109 |
Sumitomo Corp. | 46,100 | 906,219 |
Toyota Tsusho Corp. | 15,900 | 846,457 |
WESCO International, Inc.(a) | 2,929 | 375,498 |
Total | 4,313,029 | |
Total Industrials | 32,604,067 | |
Information Technology 8.2% | ||
Communications Equipment 0.4% | ||
Cisco Systems, Inc.(a) | 18,317 | 954,865 |
Electronic Equipment, Instruments & Components 1.4% | ||
Arrow Electronics, Inc.(a),(b) | 11,198 | 1,269,965 |
CDW Corp.(a) | 2,315 | 463,926 |
Celestica, Inc.(b) | 16,489 | 385,018 |
Flex Ltd.(a),(b) | 32,079 | 825,072 |
Jabil, Inc.(a) | 3,343 | 410,521 |
Zebra Technologies Corp., Class A(b) | 1,163 | 243,567 |
Total | 3,598,069 | |
IT Services 0.8% | ||
Capgemini SE | 3,172 | 560,584 |
Cognizant Technology Solutions Corp., Class A | 7,173 | 462,443 |
VeriSign, Inc.(a),(b) | 5,500 | 1,098,130 |
Total | 2,121,157 | |
Semiconductors & Semiconductor Equipment 2.7% | ||
Advanced Micro Devices, Inc.(b) | 4,691 | 462,063 |
Amkor Technology, Inc.(a) | 3,233 | 67,440 |
ams-OSRAM AG(b) | 4,123 | 14,712 |
Applied Materials, Inc. | 3,567 | 472,092 |
Axcelis Technologies, Inc.(a),(b) | 1,054 | 134,385 |
Broadcom, Inc.(a) | 1,412 | 1,188,014 |
Enphase Energy, Inc.(a),(b) | 674 | 53,637 |
Ferrotec Holdings Corp. | 800 | 14,062 |
KLA Corp. | 624 | 293,093 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Lam Research Corp. | 836 | 491,752 |
Microchip Technology, Inc.(a) | 12,971 | 924,703 |
Micron Technology, Inc. | 5,940 | 397,208 |
NVIDIA Corp.(a) | 2,797 | 1,140,617 |
NXP Semiconductors NV | 1,934 | 333,480 |
QUALCOMM, Inc.(a) | 5,978 | 651,542 |
Teradyne, Inc. | 2,913 | 242,566 |
Total | 6,881,366 | |
Software 1.6% | ||
Adeia, Inc.(a) | 44,125 | 371,974 |
Adobe, Inc.(a),(b) | 618 | 328,813 |
Check Point Software Technologies Ltd.(b) | 4,911 | 659,302 |
Ebix, Inc.(a) | 18,649 | 113,572 |
Fortinet, Inc.(a),(b) | 8,761 | 500,866 |
Gen Digital, Inc.(a) | 17,715 | 295,132 |
Microsoft Corp.(a) | 2,321 | 784,753 |
NiCE Ltd., ADR(b) | 1,737 | 268,106 |
Open Text Corp. | 16,800 | 560,909 |
Oracle Corp.(a) | 2,763 | 285,694 |
Total | 4,169,121 | |
Technology Hardware, Storage & Peripherals 1.3% | ||
Apple, Inc.(a) | 10,578 | 1,806,405 |
Dell Technologies, Inc. | 13,109 | 877,123 |
Hewlett Packard Enterprise Co.(a) | 27,387 | 421,212 |
NetApp, Inc. | 3,915 | 284,934 |
Super Micro Computer, Inc.(a),(b) | 361 | 86,449 |
Total | 3,476,123 | |
Total Information Technology | 21,200,701 | |
Materials 2.4% | ||
Chemicals 0.3% | ||
DuPont de Nemours, Inc.(a) | 3,445 | 251,072 |
FMC Corp. | 8,271 | 440,017 |
Solvay SA | 210 | 22,200 |
Total | 713,289 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 11 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Construction Materials 1.2% | ||
Cemex SAB de CV, ADR(b) | 110,154 | 657,620 |
CRH PLC | 12,690 | 679,803 |
Heidelberg Materials AG | 17,509 | 1,271,037 |
Holcim AG, Registered Shares(b) | 9,195 | 568,506 |
Total | 3,176,966 | |
Containers & Packaging 0.1% | ||
Avery Dennison Corp. | 1,093 | 190,258 |
Metals & Mining 0.8% | ||
Glencore PLC | 23,638 | 125,206 |
JFE Holdings, Inc. | 68,200 | 950,222 |
Kinross Gold Corp. | 28,600 | 149,316 |
Rio Tinto Ltd. | 6,582 | 491,663 |
Teck Resources Ltd., Class B | 12,791 | 452,034 |
Total | 2,168,441 | |
Total Materials | 6,248,954 | |
Real Estate 1.4% | ||
Health Care REITs 0.1% | ||
Medical Properties Trust, Inc.(a) | 56,101 | 268,163 |
Hotel & Resort REITs 0.0% | ||
Host Hotels & Resorts, Inc.(a) | 7,274 | 112,601 |
Industrial REITs 0.1% | ||
Americold Realty Trust, Inc.(a) | 9,779 | 256,405 |
Real Estate Management & Development 0.3% | ||
New World Development Co., Ltd. | 168,000 | 308,334 |
Swire Pacific Ltd., Class A | 53,000 | 338,555 |
Total | 646,889 | |
Residential REITs 0.2% | ||
Equity LifeStyle Properties, Inc. | 1,686 | 110,939 |
Essex Property Trust, Inc. | 1,798 | 384,628 |
Total | 495,567 | |
Retail REITs 0.1% | ||
Regency Centers Corp.(a) | 4,230 | 254,900 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Specialized REITs 0.6% | ||
Lamar Advertising Co., Class A | 6,514 | 535,907 |
Public Storage(a) | 2,821 | 673,401 |
VICI Properties, Inc. | 10,991 | 306,649 |
Total | 1,515,957 | |
Total Real Estate | 3,550,482 | |
Utilities 2.2% | ||
Electric Utilities 1.3% | ||
American Electric Power Co., Inc.(a) | 6,507 | 491,539 |
Chubu Electric Power Co., Inc. | 118,800 | 1,435,598 |
Entergy Corp. | 1,450 | 138,606 |
FirstEnergy Corp. | 14,738 | 524,673 |
PPL Corp. | 16,318 | 400,933 |
Southern Co. (The) | 5,891 | 396,464 |
Total | 3,387,813 | |
Independent Power and Renewable Electricity Producers 0.2% | ||
AES Corp. (The) | 16,733 | 249,322 |
Clearway Energy, Inc., Class A(a) | 10,753 | 219,038 |
Total | 468,360 | |
Multi-Utilities 0.7% | ||
Canadian Utilities Ltd., Class A | 800 | 16,926 |
CenterPoint Energy, Inc. | 19,826 | 532,923 |
Centrica PLC | 366,598 | 701,778 |
Consolidated Edison, Inc.(a) | 1,780 | 156,266 |
NiSource, Inc. | 15,505 | 390,106 |
Total | 1,797,999 | |
Total Utilities | 5,654,172 | |
Total Common Stocks (Cost $163,011,511) | 173,142,439 | |
Exchange-Traded Equity Funds 14.7% | ||
Shares | Value ($) | |
U.S. Large Cap 14.7% | ||
iShares Core S&P 500 ETF | 90,055 | 37,817,696 |
Total Exchange-Traded Equity Funds (Cost $40,818,888) | 37,817,696 |
12 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Preferred Stocks 0.2% | |||
Issuer | Shares | Value ($) | |
Consumer Discretionary 0.2% | |||
Automobiles 0.2% | |||
BMW AG | 1,541 | 131,031 | |
Volkswagen AG | 4,597 | 487,515 | |
Total | 618,546 | ||
Total Consumer Discretionary | 618,546 | ||
Total Preferred Stocks (Cost $733,925) | 618,546 |
Warrants —% | ||
Issuer | Shares | Value ($) |
Information Technology —% | ||
Software —% | ||
Constellation Software, Inc.(b),(c),(d) | 100 | — |
Total Information Technology | — | |
Total Warrants (Cost $—) | — | |
Money Market Funds 18.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.630%(e),(f) | 47,577,064 | 47,562,791 |
Total Money Market Funds (Cost $47,557,696) | 47,562,791 | |
Total Investments (Cost $252,122,020) | 259,141,472 | |
Investments in Securities Sold Short | ||
Common Stocks (21.6)% | ||
Issuer | Shares | Value ($) |
Communication Services (1.8)% | ||
Diversified Telecommunication Services (0.4)% | ||
Cellnex Telecom SA | (24,429) | (718,117) |
Infrastrutture Wireless Italiane SpA | (1,891) | (20,706) |
Liberty Global PLC(b) | (11,104) | (188,324) |
Proximus SADP | (12,061) | (99,968) |
Telia Co. AB | (27,517) | (58,335) |
Total | (1,085,450) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Entertainment (0.5)% | ||
Lions Gate Entertainment Corp.(b) | (37,074) | (291,401) |
Madison Square Garden Entertainment Corp.(b) | (2,593) | (79,035) |
Roblox Corp. Class A(b) | (29,791) | (947,652) |
Total | (1,318,088) | |
Interactive Media & Services (0.3)% | ||
Rumble, Inc.(b) | (26,335) | (118,244) |
Snap, Inc.(b) | (68,980) | (690,490) |
Total | (808,734) | |
Media (0.6)% | ||
Clear Channel Outdoor Holdings, Inc.(b) | (228,479) | (251,327) |
Dentsu, Inc. | (10,300) | (299,174) |
Septeni Holdings Co., Ltd.(b) | (23,900) | (67,184) |
Trade Desk, Inc. (The)(b) | (9,525) | (675,894) |
ViacomCBS, Inc., Class B | (21,724) | (236,357) |
Total | (1,529,936) | |
Total Communication Services | (4,742,208) | |
Consumer Discretionary (3.1)% | ||
Auto Components (0.5)% | ||
Luminar Technologies, Inc.(b) | (73,985) | (234,532) |
Nokian Renkaat OYJ | (56,841) | (429,864) |
QuantumScape Corp.(b) | (117,430) | (612,984) |
Solid Power, Inc.(b) | (64,915) | (85,688) |
Total | (1,363,068) | |
Automobiles (0.4)% | ||
Lucid Group, Inc.(b) | (126,359) | (520,599) |
Rivian Automotive, Inc.(b) | (28,157) | (456,707) |
Total | (977,306) | |
Broadline Retail (0.1)% | ||
B&M European Value Retail SA | (20,821) | (134,040) |
Rakuten Group, Inc. | (53,200) | (196,783) |
Total | (330,823) | |
Hotels, Restaurants & Leisure (0.9)% | ||
Accor SA | (6,256) | (199,583) |
Cheesecake Factory, Inc. (The) | (3,419) | (106,228) |
Choice Hotels International, Inc. | (3,629) | (401,005) |
Delivery Hero SE(b) | (8,299) | (212,090) |
Golden Entertainment, Inc., ADR | (2,878) | (90,254) |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 13 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hyatt Hotels Corp., Class A | (1,619) | (165,850) |
Krispy Kreme, Inc. | (11,200) | (144,816) |
Life Time Group Holdings, Inc.(b) | (11,130) | (131,557) |
Marriott Vacations Worldwide Corp. | (1,479) | (132,903) |
Playa Hotels & Resorts NV(b) | (24,269) | (175,465) |
Portillo’s, Inc., Class A(b) | (4,391) | (65,645) |
Sabre Corp.(b) | (47,309) | (165,582) |
SJM Holdings Ltd.(b) | (564,000) | (195,755) |
Soho House & Co., Inc., Class A(b) | (25,092) | (180,662) |
Total | (2,367,395) | |
Household Durables (0.3)% | ||
KB Home | (7,461) | (329,776) |
LGI Homes, Inc.(b) | (3,365) | (318,026) |
Total | (647,802) | |
Leisure Products (0.1)% | ||
Acushnet Holdings Corp. | (6,369) | (324,564) |
Specialty Retail (0.5)% | ||
Dick’s Sporting Goods, Inc. | (1,883) | (201,387) |
Five Below, Inc.(b) | (1,109) | (192,944) |
Floor & Decor Holdings, Inc., Class A(b) | (3,859) | (317,981) |
Lowe’s Companies, Inc. | (1,477) | (281,472) |
Revolve Group, Inc.(b) | (8,309) | (114,249) |
RH(b) | (274) | (59,721) |
Tractor Supply Co. | (864) | (166,372) |
Total | (1,334,126) | |
Textiles, Apparel & Luxury Goods (0.3)% | ||
Adidas AG | (2,018) | (358,816) |
Figs, Inc.(b) | (25,605) | (141,084) |
NIKE, Inc., Class B | (1,635) | (168,029) |
Salvatore Ferragamo SpA | (5,640) | (69,005) |
Total | (736,934) | |
Total Consumer Discretionary | (8,082,018) | |
Consumer Staples (1.2)% | ||
Beverages (0.3)% | ||
Coca-Cola Bottlers Japan Holdings, Inc. | (26,600) | (356,668) |
National Beverage Corp.(b) | (7,035) | (326,283) |
Treasury Wine Estates Ltd.(c),(d) | (24,557) | (178,365) |
Total | (861,316) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Staples Distribution & Retail (0.2)% | ||
HelloFresh SE(b) | (5,671) | (124,043) |
Ocado Group PLC(b) | (36,994) | (209,945) |
Sprouts Farmers Market, Inc.(b) | (3,287) | (138,120) |
Total | (472,108) | |
Food Products (0.3)% | ||
Beyond Meat, Inc.(b) | (8,196) | (48,930) |
Freshpet, Inc.(b) | (4,728) | (271,387) |
Hormel Foods Corp. | (9,488) | (308,834) |
McCormick & Co., Inc. | (4,050) | (258,795) |
Total | (887,946) | |
Household Products (0.4)% | ||
Central Garden & Pet Co., Class A(b) | (3,112) | (123,515) |
Kimberly-Clark Corp. | (3,315) | (396,607) |
WD-40 Co. | (2,050) | (433,370) |
Total | (953,492) | |
Total Consumer Staples | (3,174,862) | |
Energy (1.2)% | ||
Energy Equipment & Services (0.3)% | ||
Core Laboratories, Inc. | (6,076) | (130,148) |
Petrofac Ltd.(b) | (42,977) | (24,551) |
Schlumberger NV | (9,116) | (507,397) |
Total | (662,096) | |
Oil, Gas & Consumable Fuels (0.9)% | ||
Callon Petroleum Co.(b) | (4,161) | (155,413) |
Comstock Resources, Inc. | (24,118) | (303,887) |
Matador Resources Co. | (4,947) | (305,180) |
NexGen Energy Ltd.(b) | (87,200) | (526,313) |
NextDecade Corp.(b) | (54,958) | (241,266) |
Permian Resources Corp. | (15,823) | (230,541) |
Tellurian, Inc.(b) | (111,785) | (77,132) |
Uranium Energy Corp.(b) | (80,909) | (481,408) |
Total | (2,321,140) | |
Total Energy | (2,983,236) |
14 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Financials (3.8)% | ||
Banks (1.7)% | ||
Aozora Bank Ltd. | (18,900) | (385,498) |
Bank of Hawaii Corp. | (8,059) | (398,034) |
Commerce Bancshares, Inc. | (10,385) | (455,486) |
Commonwealth Bank of Australia | (10,292) | (633,122) |
Community Bank System, Inc. | (10,242) | (409,168) |
Cullen/Frost Bankers, Inc. | (2,352) | (214,008) |
CVB Financial Corp. | (4,409) | (68,868) |
First Financial Bankshares, Inc. | (19,193) | (461,592) |
Glacier Bancorp, Inc. | (14,449) | (436,215) |
Hang Seng Bank Ltd. | (39,800) | (455,037) |
Texas Capital Bancshares, Inc.(b) | (3,111) | (171,292) |
United Bankshares, Inc. | (6,222) | (176,954) |
Total | (4,265,274) | |
Capital Markets (0.7)% | ||
Ashmore Group PLC | (129,834) | (267,482) |
Avanza Bank Holding AB | (8,939) | (151,113) |
B. Riley Financial, Inc. | (8,425) | (305,069) |
Coinbase Global, Inc., Class A(b) | (672) | (51,825) |
Deutsche Bank AG | (17,673) | (194,484) |
EQT AB | (17,960) | (328,126) |
Moody’s Corp. | (421) | (129,668) |
T Rowe Price Group, Inc. | (4,128) | (373,584) |
Total | (1,801,351) | |
Consumer Finance (0.2)% | ||
American Express Co. | (947) | (138,290) |
Credit Acceptance Corp.(b) | (597) | (240,251) |
SoFi Technologies, Inc.(b) | (10,211) | (77,093) |
Upstart Holdings, Inc.(b) | (6,003) | (144,252) |
Total | (599,886) | |
Financial Services (0.5)% | ||
Affirm Holdings, Inc.(b) | (2,305) | (40,591) |
Edenred SE | (14,641) | (779,362) |
Toast, Inc. Class A(b) | (27,370) | (437,646) |
Wise PLC, Class A(b) | (3,768) | (30,626) |
Total | (1,288,225) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Insurance (0.5)% | ||
Brown & Brown, Inc. | (1,722) | (119,541) |
Cincinnati Financial Corp. | (1,981) | (197,446) |
Erie Indemnity Co., Class A | (467) | (128,981) |
Kinsale Capital Group, Inc. | (396) | (132,228) |
Lemonade, Inc.(b) | (1,963) | (21,475) |
Prudential PLC | (7,401) | (77,388) |
RLI Corp. | (3,621) | (482,462) |
Selective Insurance Group, Inc. | (1,007) | (104,839) |
Trupanion, Inc.(b) | (2,225) | (45,835) |
Total | (1,310,195) | |
Mortgage Real Estate Investment Trusts (REITS) (0.2)% | ||
Dynex Capital, Inc. | (56,129) | (563,535) |
Total Financials | (9,828,466) | |
Health Care (2.3)% | ||
Biotechnology (0.8)% | ||
Alnylam Pharmaceuticals, Inc.(b) | (2,664) | (404,395) |
Argenx SE(b) | (1,242) | (584,214) |
Ascendis Pharma A/S ADR(b) | (1,746) | (155,935) |
Celldex Therapeutics, Inc.(b) | (3,196) | (75,170) |
Idorsia Ltd.(b) | (8,754) | (16,649) |
ImmunityBio, Inc.(b) | (86,145) | (270,495) |
Karuna Therapeutics, Inc.(b) | (530) | (88,303) |
Madrigal Pharmaceuticals, Inc.(b) | (694) | (91,178) |
Moderna, Inc.(b) | (517) | (39,271) |
MoonLake Immunotherapeutics(b) | (1,198) | (62,068) |
Myriad Genetics, Inc.(b) | (7,329) | (114,186) |
Recursion Pharmaceuticals, Inc., Class A(b) | (11,543) | (60,947) |
Rhythm Pharmaceuticals, Inc.(b) | (7,681) | (177,508) |
TG Therapeutics, Inc.(b) | (6,602) | (51,034) |
Total | (2,191,353) | |
Health Care Equipment & Supplies (0.1)% | ||
Ambu A/S(b) | (5,795) | (57,192) |
Insulet Corp.(b) | (1,138) | (150,865) |
Neogen Corp.(b) | (6,509) | (96,919) |
Tandem Diabetes Care, Inc.(b) | (4,807) | (83,161) |
Total | (388,137) |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 15 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Providers & Services (0.2)% | ||
Amplifon SpA | (14,268) | (403,263) |
Guardant Health, Inc.(b) | (3,894) | (100,777) |
Total | (504,040) | |
Health Care Technology (0.1)% | ||
Definitive Healthcare Corp.(b) | (13,406) | (77,219) |
Doximity, Inc., Class A(b) | (3,842) | (78,492) |
Total | (155,711) | |
Life Sciences Tools & Services (0.1)% | ||
Oxford Nanopore Technologies PLC(b) | (31,118) | (77,006) |
Sartorius AG | (373) | (93,489) |
Total | (170,495) | |
Pharmaceuticals (1.0)% | ||
Aclaris Therapeutics, Inc.(b) | (4,479) | (22,305) |
Cassava Sciences, Inc.(b) | (3,419) | (68,893) |
Corcept Therapeutics, Inc.(b) | (6,210) | (174,377) |
Daiichi Sankyo Co., Ltd. | (30,100) | (776,104) |
Eisai Co., Ltd. | (17,500) | (927,121) |
Intra-Cellular Therapies, Inc.(b) | (3,274) | (162,914) |
Nippon Shinyaku Co., Ltd. | (3,000) | (121,668) |
Phathom Pharmaceuticals, Inc.(b) | (9,342) | (86,881) |
Pliant Therapeutics, Inc.(b) | (10,050) | (147,434) |
Revance Therapeutics, Inc.(b) | (8,609) | (67,925) |
Ventyx Biosciences, Inc.(b) | (3,150) | (45,423) |
Total | (2,601,045) | |
Total Health Care | (6,010,781) | |
Industrials (3.1)% | ||
Aerospace & Defense (0.5)% | ||
Airbus Group SE | (6,897) | (924,724) |
Boeing Co. (The)(b) | (918) | (171,501) |
Kratos Defense & Security Solutions, Inc.(b) | (7,273) | (124,005) |
Virgin Galactic Holdings, Inc.(b) | (151,876) | (224,776) |
Total | (1,445,006) | |
Air Freight & Logistics (0.1)% | ||
C.H. Robinson Worldwide, Inc. | (2,018) | (165,133) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Building Products (0.1)% | ||
American Woodmark Corp.(b) | (1,806) | (121,417) |
Hayward Holdings, Inc.(b) | (19,517) | (204,929) |
Total | (326,346) | |
Commercial Services & Supplies (0.1)% | ||
Montrose Environmental Group, Inc.(b) | (8,036) | (185,792) |
Construction & Engineering (0.0)% | ||
Ferrovial SE | (5,287) | (159,118) |
Electrical Equipment (0.7)% | ||
Ballard Power Systems, Inc.(b) | (30,401) | (101,501) |
Ceres Power Holdings PLC(b) | (18,193) | (43,783) |
FREYR Battery SA(b) | (56,117) | (180,136) |
FuelCell Energy, Inc.(b) | (29,960) | (32,656) |
Furukawa Electric Co., Ltd. | (22,700) | (340,150) |
Generac Holdings, Inc.(b) | (2,564) | (215,556) |
Nidec Corp. | (5,100) | (187,073) |
NuScale Power Corp.(b) | (17,329) | (58,572) |
PowerCell Sweden AB(b) | (15,451) | (62,426) |
Regal Rexnord Corp. | (3,244) | (384,122) |
Vestas Wind Systems A/S(b) | (6,696) | (145,134) |
Total | (1,751,109) | |
Ground Transportation (0.1)% | ||
Lyft, Inc.(b) | (20,119) | (184,491) |
TuSimple Holdings, Inc.(b) | (11,134) | (11,914) |
U-Haul Holding Co. | (2,715) | (128,175) |
Total | (324,580) | |
Machinery (0.9)% | ||
Husqvarna AB | (60,695) | (393,289) |
Kornit Digital Ltd.(b) | (12,714) | (175,453) |
Oshkosh Corp. | (4,783) | (419,613) |
Proto Labs, Inc.(b) | (11,862) | (280,062) |
Stanley Black & Decker, Inc. | (5,989) | (509,364) |
VAT Group AG | (1,139) | (403,912) |
Velo3D, Inc.(b) | (34,210) | (45,157) |
Total | (2,226,850) | |
Passenger Airlines (0.1)% | ||
Joby Aviation, Inc.(b) | (49,434) | (260,517) |
16 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Professional Services (0.4)% | ||
Ceridian HCM Holding, Inc.(b) | (4,603) | (294,638) |
Exponent, Inc. | (2,945) | (215,839) |
NV5 Global, Inc.(b) | (1,830) | (172,661) |
Paylocity Holding Corp.(b) | (1,941) | (348,215) |
Total | (1,031,353) | |
Transportation Infrastructure (0.1)% | ||
Atlas Arteria Ltd. | (56,901) | (192,361) |
Total Industrials | (8,068,165) | |
Information Technology (2.0)% | ||
Electronic Equipment, Instruments & Components (0.3)% | ||
Cognex Corp. | (8,405) | (302,496) |
Novanta, Inc.(b) | (2,252) | (297,399) |
Total | (599,895) | |
IT Services (0.2)% | ||
MongoDB, Inc.(b) | (973) | (335,286) |
Snowflake, Inc., Class A(b) | (1,082) | (157,030) |
Total | (492,316) | |
Semiconductors & Semiconductor Equipment (0.6)% | ||
Entegris, Inc. | (5,047) | (444,338) |
GCL Technology Holdings Ltd. | (1,576,000) | (232,094) |
Micron Technology, Inc. | (5,995) | (400,886) |
Wolfspeed, Inc.(b) | (15,273) | (516,838) |
Total | (1,594,156) | |
Software (0.6)% | ||
Blackline, Inc.(b) | (5,818) | (285,664) |
Jamf Holding Corp.(b) | (21,295) | (341,998) |
Palantir Technologies, Inc., Class A(b) | (60,942) | (901,941) |
Total | (1,529,603) | |
Technology Hardware, Storage & Peripherals (0.3)% | ||
Western Digital Corp.(b) | (21,086) | (846,603) |
Total Information Technology | (5,062,573) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Materials (1.4)% | ||
Chemicals (0.7)% | ||
DSM-Firmenich AG | (3,357) | (304,332) |
Mitsui Chemicals, Inc. | (7,600) | (191,554) |
Shin-Etsu Chemical Co., Ltd. | (9,200) | (275,111) |
Sumitomo Chemical Co., Ltd. | (74,700) | (189,870) |
Symrise AG | (6,662) | (680,785) |
Umicore SA | (5,656) | (134,572) |
Total | (1,776,224) | |
Construction Materials (0.0)% | ||
Siam Cement PCL (The), NVDR | (13,800) | (110,546) |
Metals & Mining (0.7)% | ||
Allkem Ltd.(b) | (29,937) | (182,936) |
De Grey Mining Ltd.(b) | (398,390) | (299,431) |
Filo Corp.(b) | (17,000) | (221,395) |
IGO Ltd. | (24,272) | (146,976) |
Ivanhoe Mines Ltd., Class A(b) | (9,900) | (72,960) |
Lithium Americas Argentina Corp.(b) | (19,100) | (105,640) |
Lithium Americas Corp.(b) | (19,100) | (128,229) |
Lynas Rare Earths Ltd.(b) | (50,373) | (226,597) |
Mineral Resources Ltd. | (3,232) | (119,123) |
MP Materials Corp.(b) | (12,189) | (199,900) |
Pan American Silver Corp. | (1,100) | (16,071) |
Total | (1,719,258) | |
Total Materials | (3,606,028) | |
Real Estate (1.3)% | ||
Diversified REITs (0.1)% | ||
Nomura Real Estate Master Fund, Inc. | (155) | (171,036) |
Industrial REITs (0.2)% | ||
Segro PLC | (57,906) | (503,328) |
Office REITs (0.2)% | ||
Gecina SA | (1,858) | (182,439) |
SL Green Realty Corp. | (6,266) | (183,531) |
Total | (365,970) |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 17 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate Management & Development (0.6)% | ||
CBRE Group, Inc.(b) | (3,788) | (262,660) |
CoStar Group, Inc.(b) | (1,647) | (120,906) |
Howard Hughes Holdings, Inc.(b) | (4,142) | (274,739) |
Sagax AB, Class B | (34,602) | (626,397) |
Zillow Group, Inc., Class C(b) | (9,424) | (341,620) |
Total | (1,626,322) | |
Residential REITs (0.1)% | ||
Camden Property Trust | (1,603) | (136,062) |
Mid-America Apartment Communities, Inc. | (1,519) | (179,470) |
Total | (315,532) | |
Retail REITs (0.0)% | ||
Unibail-Rodamco-Westfield(b) | (2,139) | (105,986) |
Specialized REITs (0.1)% | ||
Digital Realty Trust, Inc. | (1,011) | (125,728) |
Total Real Estate | (3,213,902) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Utilities (0.4)% | ||
Electric Utilities (0.2)% | ||
Avangrid, Inc. | (15,356) | (458,684) |
Independent Power and Renewable Electricity Producers (0.2)% | ||
Corp ACCIONA Energias Renovables SA | (9,873) | (267,224) |
EDP Renovaveis SA | (12,811) | (206,090) |
Total | (473,314) | |
Total Utilities | (931,998) | |
Total Common Stocks (Proceeds $66,776,536) | (55,704,237) | |
Total Investments in Securities Sold Short (Proceeds $66,776,536) | (55,704,237) | |
Total Investments in Securities, Net of Securities Sold Short | 203,437,235 | |
Other Assets & Liabilities, Net | 54,478,680 | |
Net Assets | 257,915,915 |
Call option contracts written | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Premium received ($) | Value ($) |
Equinor ASA | Morgan Stanley | USD | (423,799) | (127) | 31.00 | 11/17/2023 | (43,203) | (32,385) |
Kroger Co. (The) | Morgan Stanley | USD | (163,332) | (36) | 47.00 | 12/15/2023 | (2,717) | (3,834) |
Progressive Corp. (The) | Morgan Stanley | USD | (347,798) | (22) | 150.00 | 11/17/2023 | (5,388) | (20,460) |
Restaurant Brands International, Inc. | Morgan Stanley | USD | (87,360) | (13) | 70.00 | 11/17/2023 | (903) | (1,138) |
Restaurant Brands International, Inc. | Morgan Stanley | USD | (120,960) | (18) | 67.50 | 11/17/2023 | (2,883) | (3,375) |
Shell PLC | Morgan Stanley | USD | (469,008) | (72) | 62.50 | 11/17/2023 | (38,878) | (23,040) |
Walmart, Inc. | Morgan Stanley | USD | (228,774) | (14) | 167.50 | 11/17/2023 | (2,079) | (2,660) |
Total | (96,051) | (86,892) |
Put option contracts written | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Premium received ($) | Value ($) |
Cheesecake Factory, Inc. (The) | Morgan Stanley | USD | (99,424) | (32) | 27.50 | 11/17/2023 | (1,412) | (800) |
Floor & Decor Holdings, Inc. | Morgan Stanley | USD | (74,160) | (9) | 80.00 | 11/17/2023 | (2,838) | (2,407) |
Floor & Decor Holdings, Inc. | Morgan Stanley | USD | (115,360) | (14) | 75.00 | 12/15/2023 | (3,622) | (2,975) |
Tractor Supply Co. | Morgan Stanley | USD | (57,768) | (3) | 185.00 | 11/17/2023 | (696) | (525) |
Total | (8,568) | (6,707) |
18 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Total return swap contracts | ||||||||||||
Fund receives | Fund pays | Payment frequency | Counterparty | Maturity date | Notional currency | Notional amount | Value ($) | Periodic payments receivable (payable) ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Total return on Samsung Electronics Co., Ltd. | 1-Day Overnight Fed Funds Effective Rate plus 0.800% | Monthly | Macquarie | 09/19/2024 | USD | 178,730 | (5,214) | 421 | — | — | — | (4,793) |
Reference index and values for swap contracts as of period end | ||
Reference index | Reference rate | |
1-Day Overnight Fed Funds Effective Rate | Overnight Federal Funds Effective Rate | 5.330% |
(a) | This security or a portion of this security has been pledged as collateral in connection with investments sold short and/or derivative contracts. |
(b) | Non-income producing investment. |
(c) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At October 31, 2023, the total value of these securities amounted to $178,365, which represents 0.07% of total net assets. |
(d) | Valuation based on significant unobservable inputs. |
(e) | The rate shown is the seven-day current annualized yield at October 31, 2023. |
(f) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 5.630% | ||||||||
33,247,325 | 218,996,551 | (204,682,498) | 1,413 | 47,562,791 | (4,434) | 928,762 | 47,577,064 |
ADR | American Depositary Receipt |
NVDR | Non-Voting Depositary Receipt |
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 19 |
October 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 | ||||
Common Stocks | ||||
Communication Services | 12,420,059 | 1,078,782 | — | 13,498,841 |
Consumer Discretionary | 12,133,705 | 2,845,862 | — | 14,979,567 |
Consumer Staples | 13,208,455 | 2,022,828 | — | 15,231,283 |
Energy | 10,664,990 | 2,260,757 | — | 12,925,747 |
Financials | 15,723,285 | 8,664,975 | — | 24,388,260 |
Health Care | 20,972,270 | 1,888,095 | — | 22,860,365 |
Industrials | 23,242,389 | 9,361,678 | — | 32,604,067 |
Information Technology | 20,611,343 | 589,358 | — | 21,200,701 |
Materials | 2,820,120 | 3,428,834 | — | 6,248,954 |
Real Estate | 2,903,593 | 646,889 | — | 3,550,482 |
Utilities | 3,516,796 | 2,137,376 | — | 5,654,172 |
Total Common Stocks | 138,217,005 | 34,925,434 | — | 173,142,439 |
Exchange-Traded Equity Funds | 37,817,696 | — | — | 37,817,696 |
Preferred Stocks | ||||
Consumer Discretionary | — | 618,546 | — | 618,546 |
Total Preferred Stocks | — | 618,546 | — | 618,546 |
Warrants | ||||
Information Technology | — | — | 0* | 0* |
Total Warrants | — | — | 0* | 0* |
Money Market Funds | 47,562,791 | — | — | 47,562,791 |
Total Investments in Securities | 223,597,492 | 35,543,980 | 0* | 259,141,472 |
Investments in Securities Sold Short | ||||
Common Stocks | ||||
Communication Services | (3,478,724) | (1,263,484) | — | (4,742,208) |
Consumer Discretionary | (6,286,082) | (1,795,936) | — | (8,082,018) |
Consumer Staples | (2,305,841) | (690,656) | (178,365) | (3,174,862) |
Energy | (2,958,685) | (24,551) | — | (2,983,236) |
Financials | (6,526,228) | (3,302,238) | — | (9,828,466) |
Health Care | (2,954,075) | (3,056,706) | — | (6,010,781) |
20 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Industrials | (5,216,195) | (2,851,970) | — | (8,068,165) |
Information Technology | (4,830,479) | (232,094) | — | (5,062,573) |
Materials | (744,195) | (2,861,833) | — | (3,606,028) |
Real Estate | (1,624,716) | (1,589,186) | — | (3,213,902) |
Utilities | (458,684) | (473,314) | — | (931,998) |
Total Common Stocks | (37,383,904) | (18,141,968) | (178,365) | (55,704,237) |
Total Investments in Securities Sold Short | (37,383,904) | (18,141,968) | (178,365) | (55,704,237) |
Total Investments in Securities, Net of Securities Sold Short | 186,213,588 | 17,402,012 | (178,365) | 203,437,235 |
Investments in Derivatives | ||||
Liability | ||||
Call Option Contracts Written | (86,892) | — | — | (86,892) |
Put Option Contracts Written | (6,707) | — | — | (6,707) |
Swap Contracts | — | (4,793) | — | (4,793) |
Total | 186,119,989 | 17,397,219 | (178,365) | 203,338,843 |
* | Rounds to zero. |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 21 |
October 31, 2023 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $204,564,324) | $211,578,681 |
Affiliated issuers (cost $47,557,696) | 47,562,791 |
Cash | 259,248 |
Cash collateral held at broker for: | |
Swap contracts | 60,000 |
Securities sold short | 53,687,625 |
Receivable for: | |
Investments sold | 701,686 |
Capital shares sold | 331,565 |
Dividends | 506,210 |
Interest | 162,220 |
Foreign tax reclaims | 229,674 |
Trustees’ fees | 38,237 |
Expense reimbursement due from Investment Manager | 2,630 |
Prepaid expenses | 4,243 |
Other assets | 567 |
Total assets | 315,125,377 |
Liabilities | |
Securities sold short, at value (proceeds $66,776,536) | 55,704,237 |
Option contracts written, at value (premiums received $104,619) | 93,599 |
Foreign currency (cost $1,051) | 1,071 |
Unrealized depreciation on swap contracts | 4,793 |
Payable for: | |
Investments purchased | 692,686 |
Capital shares redeemed | 407,933 |
Dividends and interest on securities sold short | 57,258 |
Management services fees | 11,284 |
Transfer agent fees | 49,246 |
Trustees’ fees | 55,689 |
Compensation of chief compliance officer | 25 |
Other expenses | 131,641 |
Total liabilities | 57,209,462 |
Net assets applicable to outstanding capital stock | $257,915,915 |
Represented by | |
Paid in capital | 245,344,952 |
Total distributable earnings (loss) | 12,570,963 |
Total - representing net assets applicable to outstanding capital stock | $257,915,915 |
Institutional Class | |
Net assets | $257,915,915 |
Shares outstanding | 39,900,389 |
Net asset value per share | $6.46 |
22 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
Six Months Ended October 31, 2023 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $2,552,810 |
Dividends — affiliated issuers | 928,762 |
Interest | 1,311,337 |
Interfund lending | 280 |
Foreign taxes withheld | (71,739) |
Total income | 4,721,450 |
Expenses: | |
Management services fees | 2,148,292 |
Transfer agent fees | |
Institutional Class | 296,923 |
Trustees’ fees | 9,576 |
Custodian fees | 110,771 |
Printing and postage fees | 26,415 |
Registration fees | 20,393 |
Accounting services fees | 26,003 |
Legal fees | 7,599 |
Dividends and interest on securities sold short | 578,492 |
Compensation of chief compliance officer | 25 |
Other | 5,913 |
Total expenses | 3,230,402 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (296,348) |
Total net expenses | 2,934,054 |
Net investment income | 1,787,396 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 12,710,927 |
Investments — affiliated issuers | (4,434) |
Foreign currency translations | (153,967) |
Option contracts purchased | (236,499) |
Option contracts written | 123,840 |
Securities sold short | (2,178,545) |
Swap contracts | 2,086 |
Net realized gain | 10,263,408 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (14,519,773) |
Investments — affiliated issuers | 1,413 |
Foreign currency translations | (345,828) |
Option contracts purchased | 135,686 |
Option contracts written | 9,768 |
Securities sold short | 4,707,480 |
Swap contracts | (3,263) |
Net change in unrealized appreciation (depreciation) | (10,014,517) |
Net realized and unrealized gain | 248,891 |
Net increase in net assets resulting from operations | $2,036,287 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 23 |
Six Months Ended October 31, 2023 (Unaudited) | Year Ended April 30, 2023 | |
Operations | ||
Net investment income | $1,787,396 | $1,616,660 |
Net realized gain (loss) | 10,263,408 | (6,005,539) |
Net change in unrealized appreciation (depreciation) | (10,014,517) | (4,657,653) |
Net increase (decrease) in net assets resulting from operations | 2,036,287 | (9,046,532) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Institutional Class | — | (27,498,020) |
Total distributions to shareholders | — | (27,498,020) |
Increase (decrease) in net assets from capital stock activity | (3,883,371) | 29,607,127 |
Total decrease in net assets | (1,847,084) | (6,937,425) |
Net assets at beginning of period | 259,762,999 | 266,700,424 |
Net assets at end of period | $257,915,915 | $259,762,999 |
Six Months Ended | Year Ended | |||
October 31, 2023 (Unaudited) | April 30, 2023 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Institutional Class | ||||
Shares sold | 3,722,072 | 24,201,081 | 10,452,906 | 73,487,604 |
Distributions reinvested | — | — | 4,198,171 | 27,498,020 |
Shares redeemed | (4,313,819) | (28,084,452) | (10,094,867) | (71,378,497) |
Net increase (decrease) | (591,747) | (3,883,371) | 4,556,210 | 29,607,127 |
Total net increase (decrease) | (591,747) | (3,883,371) | 4,556,210 | 29,607,127 |
24 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
Institutional Class | Six Months Ended October 31, 2023 (Unaudited) | Year Ended April 30, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Per share data | ||||||
Net asset value, beginning of period | $6.42 | $7.42 | $7.23 | $6.00 | $6.78 | $10.82 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.04 | 0.04 | (0.07) | (0.08) | (0.01) | (0.01) |
Net realized and unrealized gain (loss) | 0.00(a) | (0.28) | 0.80 | 1.31 | (0.72) | (0.80) |
Total from investment operations | 0.04 | (0.24) | 0.73 | 1.23 | (0.73) | (0.81) |
Distributions to shareholders | ||||||
Distributions from net investment income | — | (0.15) | (0.08) | — | — | (0.06) |
Distributions from net realized gains | — | (0.61) | (0.46) | — | (0.05) | (3.17) |
Total distributions to shareholders | — | (0.76) | (0.54) | — | (0.05) | (3.23) |
Net asset value, end of period | $6.46 | $6.42 | $7.42 | $7.23 | $6.00 | $6.78 |
Total return | 0.62% | (3.44%) | 10.42% | 20.50% | (10.81%) | (5.65%) |
Ratios to average net assets | ||||||
Total gross expenses(b) | 2.41%(c) | 2.62%(c),(d) | 2.61%(c),(d),(e) | 2.90%(c),(d),(e) | 2.31%(c),(e) | 2.16%(c),(d),(e) |
Total net expenses(b),(f) | 2.19%(c) | 2.35%(c),(d) | 2.43%(c),(d),(e) | 2.71%(c),(d),(e) | 2.19%(c),(e) | 2.12%(c),(d),(e) |
Net investment income (loss) | 1.33% | 0.62% | (1.00%) | (1.31%) | (0.14%) | (0.11%) |
Supplemental data | ||||||
Net assets, end of period (in thousands) | $257,916 | $259,763 | $266,700 | $278,350 | $221,159 | $251,976 |
Portfolio turnover | 120% | 399% | 323% | 254% | 197% | 146%(g) |
Notes to Financial Highlights | |
(a) | Rounds to zero. |
(b) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(c) | Ratios include dividends and interest on securities sold short. If dividends and interest on securities sold short had been excluded, annualized expenses would have been lower by: |
Class | 10/31/2023 | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | 4/30/2019 |
Institutional Class | 0.43% | 0.51% | 0.59% | 0.87% | 0.32% | 0.19% |
(d) | Ratios include interfund lending expense which is less than 0.01%. |
(e) | Ratios include interest on collateral expense which is less than 0.01%. |
(f) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(g) | The rate for the year ended April 30, 2019, as disclosed in the April 30, 2020 and 2019 financial statements was calculated and presented incorrectly and has been corrected. |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 25 |
October 31, 2023 (Unaudited)
26 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 27 |
October 31, 2023 (Unaudited)
28 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 29 |
October 31, 2023 (Unaudited)
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Option contracts written, at value | 93,599 |
Equity risk | Component of total distributable earnings (loss) — unrealized depreciation on swap contracts | 4,793* |
Total | 98,392 |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin for futures and centrally cleared swaps, if any, 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 | Option contracts purchased ($) | Option contracts written ($) | Swap contracts ($) | Total ($) |
Equity risk | (236,499) | 123,840 | 2,086 | (110,573) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||
Risk exposure category | Option contracts purchased ($) | Option contracts written ($) | Swap contracts ($) | Total ($) |
Equity risk | 135,686 | 9,768 | (3,263) | 142,191 |
Derivative instrument | Average value ($) |
Option contracts purchased | 11,529 |
Option contracts written | (58,272) |
Derivative instrument | Average unrealized appreciation ($) | Average unrealized depreciation ($) |
Total return swap contracts | 5,010 | (4,954) |
30 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
JPMorgan ($) | Macquarie ($) | Morgan Stanley ($) | Total ($) | |
Liabilities | ||||
Call option contracts written | - | - | 86,892 | 86,892 |
Put option contracts written | - | - | 6,707 | 6,707 |
OTC total return swap contracts (a) | - | 4,793 | - | 4,793 |
Securities borrowed | 4,211,363 | - | 51,492,874 | 55,704,237 |
Total liabilities | 4,211,363 | 4,793 | 51,586,473 | 55,802,629 |
Total financial and derivative net assets | (4,211,363) | (4,793) | (51,586,473) | (55,802,629) |
Total collateral received (pledged) (b) | (4,211,363) | (4,793) | (51,586,473) | (55,802,629) |
Net amount (c) | - | - | - | - |
(a) | Over-the-Counter (OTC) swap contracts are presented at market value plus periodic payments receivable (payable), which is comprised of unrealized appreciation, unrealized depreciation, upfront payments and upfront receipts. |
(b) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(c) | Represents the net amount due from/(to) counterparties in the event of default. |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 31 |
October 31, 2023 (Unaudited)
32 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 33 |
October 31, 2023 (Unaudited)
Effective rate (%) | |
Institutional Class | 0.22 |
Fee rate(s) contractual through August 31, 2024 | |
Institutional Class | 1.84% |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
185,241,000 | 33,308,000 | (15,210,000) | 18,098,000 |
34 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(7,018,378) | — | (7,018,378) |
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 600,000 | 5.60 | 3 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 35 |
October 31, 2023 (Unaudited)
36 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 37 |
October 31, 2023 (Unaudited)
38 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to one or more benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Advisory Agreements; |
• | Subadvisory fees payable by the Investment Manager under the Subadvisory Agreements; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager and the Subadvisers under the Advisory Agreements, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 39 |
• | Information regarding the resources of the Investment Manager and Subadvisers, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager and the Subadvisers with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
40 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 | 41 |
42 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2023 |
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imge6f8bf292.jpg)
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/img55d2041f1.jpg)
October 31, 2023 (Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/img3c4eda682.jpg)
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2023) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 07/31/00 | -6.40 | 1.83 | 0.07 | 1.09 |
Including sales charges | -9.21 | -1.23 | -0.54 | 0.78 | ||
Advisor Class | 11/08/12 | -6.26 | 2.12 | 0.33 | 1.34 | |
Class C | Excluding sales charges | 02/01/02 | -6.72 | 1.11 | -0.67 | 0.35 |
Including sales charges | -7.63 | 0.13 | -0.67 | 0.35 | ||
Institutional Class | 12/05/78 | -6.27 | 2.13 | 0.31 | 1.34 | |
Institutional 2 Class | 11/08/12 | -6.22 | 2.20 | 0.40 | 1.41 | |
Institutional 3 Class | 11/08/12 | -6.22 | 2.22 | 0.44 | 1.45 | |
Class R | 01/23/06 | -6.48 | 1.62 | -0.16 | 0.84 | |
Bloomberg U.S. Aggregate Bond Index | -6.13 | 0.36 | -0.06 | 0.88 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2023) | |
Asset-Backed Securities — Non-Agency | 13.5 |
Call Option Contracts Purchased | 0.0(a) |
Commercial Mortgage-Backed Securities - Agency | 0.1 |
Commercial Mortgage-Backed Securities - Non-Agency | 2.6 |
Common Stocks | 0.0(a) |
Convertible Bonds | 0.0(a) |
Corporate Bonds & Notes | 22.0 |
Foreign Government Obligations | 1.5 |
Money Market Funds | 2.2 |
Residential Mortgage-Backed Securities - Agency | 36.1 |
Residential Mortgage-Backed Securities - Non-Agency | 20.5 |
Senior Loans | 0.1 |
U.S. Treasury Obligations | 1.4 |
Total | 100.0 |
(a) | Rounds to zero. |
Quality breakdown (%) (at October 31, 2023) | |
AA rating | 47.9 |
A rating | 14.1 |
BBB rating | 16.1 |
BB rating | 6.0 |
B rating | 6.4 |
CCC rating | 1.0 |
Not rated | 8.5 |
Total | 100.0 |
Derivative breakdown (%) (at October 31, 2023)(a) | |||
Asset | Liability | Net | |
Forward foreign currency exchange contracts | 0.00(b) | — | 0.00(b) |
Long futures contracts | 0.05 | (0.55) | (0.50) |
Short futures contracts | 0.27 | (0.02) | 0.25 |
Swap contracts | 0.15 | (0.17) | (0.02) |
Put option contracts written | — | (0.01) | (0.01) |
4 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
(Unaudited)
May 1, 2023 — October 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 | 936.00 | 1,021.65 | 3.64 | 3.80 | 0.74 |
Advisor Class | 1,000.00 | 1,000.00 | 937.40 | 1,022.92 | 2.41 | 2.52 | 0.49 |
Class C | 1,000.00 | 1,000.00 | 932.80 | 1,017.79 | 7.37 | 7.69 | 1.50 |
Institutional Class | 1,000.00 | 1,000.00 | 937.30 | 1,022.92 | 2.41 | 2.52 | 0.49 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 937.80 | 1,023.28 | 2.07 | 2.16 | 0.42 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 937.80 | 1,023.53 | 1.82 | 1.90 | 0.37 |
Class R | 1,000.00 | 1,000.00 | 935.20 | 1,020.38 | 4.87 | 5.08 | 0.99 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 5 |
October 31, 2023 (Unaudited)
Asset-Backed Securities — Non-Agency 17.3% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
ACM Auto Trust(a) | ||||
Series 2023-2A Class A | ||||
06/20/2030 | 7.970% | 8,123,785 | 8,134,472 | |
Affirm Asset Securitization Trust(a) | ||||
Series 2023-A Class 1A | ||||
01/18/2028 | 6.610% | 7,000,000 | 6,962,000 | |
Series 2023-A Class A | ||||
01/18/2028 | 6.610% | 7,950,000 | 7,906,843 | |
Series 2023-B Class A | ||||
09/15/2028 | 6.820% | 8,550,000 | 8,555,899 | |
Ares LVIII CLO Ltd.(a),(b) | ||||
Series 2020-58A Class DR | ||||
3-month Term SOFR + 3.200% Floor 3.200% 01/15/2035 | 8.594% | 5,000,000 | 4,659,165 | |
Ares XLVI CLO Ltd.(a),(b) | ||||
Series 2017-46A Class B1 | ||||
3-month Term SOFR + 1.612% Floor 1.350% 01/15/2030 | 7.006% | 7,780,000 | 7,667,353 | |
Atrium XIII(a),(b) | ||||
Series 2013A Class B | ||||
3-month Term SOFR + 1.762% Floor 1.500% 11/21/2030 | 7.174% | 2,250,000 | 2,206,903 | |
Bain Capital Credit CLO Ltd.(a),(b) | ||||
Series 2020-3A Class DR | ||||
3-month Term SOFR + 3.512% Floor 3.250% 10/23/2034 | 8.924% | 8,250,000 | 7,678,465 | |
Carlyle Global Market Strategies CLO Ltd.(a),(b) | ||||
Series 2016-1A Class A1R2 | ||||
3-month Term SOFR + 1.402% Floor 1.140% 04/20/2034 | 6.817% | 13,150,000 | 13,027,258 | |
Carlyle Group LP(a),(b) | ||||
Series 2017-5A Class A2 | ||||
3-month Term SOFR + 1.662% 01/20/2030 | 7.077% | 3,810,000 | 3,738,734 | |
Carlyle US CLO Ltd.(a),(b) | ||||
Series 2019-3R Class CR | ||||
3-month Term SOFR + 3.462% Floor 3.200% 10/20/2032 | 8.877% | 13,400,000 | 13,085,140 | |
Cent CLO Ltd.(a),(b) | ||||
Series 2018-C17A Class A2R | ||||
3-month Term SOFR + 1.862% Floor 1.600% 04/30/2031 | 7.252% | 9,300,000 | 9,171,511 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Conn’s Receivables Funding LLC(a) | ||||
Series 2023-A Class A | ||||
01/17/2028 | 8.010% | 1,364,332 | 1,366,914 | |
Dryden CLO Ltd.(a),(b) | ||||
Series 2018-57A Class B | ||||
3-month Term SOFR + 1.612% Floor 1.350% 05/15/2031 | 6.976% | 7,000,000 | 6,802,096 | |
DT Auto Owner Trust(a) | ||||
Series 2023-2A Class A | ||||
04/15/2027 | 5.880% | 18,281,937 | 18,226,303 | |
Subordinated Series 2022-1A Class C | ||||
11/15/2027 | 2.960% | 8,850,000 | 8,578,762 | |
Subordinated Series 2023-3A Class B | ||||
03/15/2028 | 6.070% | 15,200,000 | 15,118,695 | |
Exeter Automobile Receivables Trust(a) | ||||
Subordinated Series 2021-2A Class E | ||||
07/17/2028 | 2.900% | 6,000,000 | 5,486,973 | |
Exeter Automobile Receivables Trust | ||||
Subordinated Series 2023-3A Class B | ||||
09/15/2027 | 6.110% | 3,000,000 | 2,979,643 | |
GLS Auto Receivables Issuer Trust(a) | ||||
Subordinated Series 2022-1A-B Class B | ||||
05/15/2026 | 2.840% | 5,500,000 | 5,422,142 | |
Goldentree Loan Opportunities XI Ltd.(a),(b) | ||||
Series 2015-11A Class BR2 | ||||
3-month Term SOFR + 1.612% 01/18/2031 | 7.007% | 5,000,000 | 4,939,385 | |
LendingPoint Asset Securitization Trust(a) | ||||
Subordinated Series 2022-A Class C | ||||
06/15/2029 | 2.820% | 4,020,000 | 3,923,397 | |
LP LMS Asset Securitization Trust(a) | ||||
Series 2021-2A Class A | ||||
01/15/2029 | 1.750% | 1,313,248 | 1,296,527 | |
Lucali CLO Ltd.(a),(b) | ||||
Series 2020-1A Class D | ||||
3-month Term SOFR + 3.862% Floor 3.600% 01/15/2033 | 9.256% | 5,000,000 | 4,820,320 | |
Madison Park Funding XLVII Ltd.(a),(b) | ||||
Series 2020-47A Class D | ||||
3-month Term SOFR + 4.362% Floor 4.000% 01/19/2034 | 9.658% | 6,800,000 | 6,804,610 | |
Madison Park Funding XXVII Ltd.(a),(b) | ||||
Series 2018-27A Class A2 | ||||
3-month Term SOFR + 1.612% 04/20/2030 | 7.027% | 14,000,000 | 13,657,350 |
6 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Marlette Funding Trust(a) | ||||
Series 2020-2A Class D | ||||
09/16/2030 | 4.650% | 874,825 | 865,790 | |
Series 2023-2A Class A | ||||
06/15/2033 | 6.040% | 8,416,840 | 8,381,975 | |
Series 2023-3A Class A | ||||
09/15/2033 | 6.490% | 10,796,520 | 10,780,456 | |
Subordinated Series 2022-2A Class C | ||||
08/15/2032 | 6.140% | 4,510,000 | 4,426,143 | |
Netcredit Combined Receivables LLC(a),(c) | ||||
Series 2023-A Class A | ||||
12/20/2027 | 7.780% | 5,788,139 | 5,766,434 | |
Octagon Investment Partners 35 Ltd.(a),(b) | ||||
Series 2018-1A Class A2 | ||||
3-month Term SOFR + 1.662% Floor 1.400% 01/20/2031 | 7.077% | 9,350,000 | 9,178,427 | |
OHA Credit Partners XVI(a),(b) | ||||
Series 2021-16A Class A | ||||
3-month Term SOFR + 1.412% Floor 1.150% 10/18/2034 | 6.807% | 13,280,000 | 13,215,127 | |
Oportun Issuance Trust(a) | ||||
Series 2021-B Class A | ||||
05/08/2031 | 1.470% | 15,100,000 | 13,838,788 | |
Subordinated Series 2021-B Class B | ||||
05/08/2031 | 1.960% | 3,100,000 | 2,815,262 | |
OZLM Funding IV Ltd.(a),(b) | ||||
Series 2013-4A Class D2R | ||||
3-month Term SOFR + 7.512% Floor 7.250% 10/22/2030 | 12.924% | 1,000,000 | 935,493 | |
Pagaya AI Debt Selection Trust(a) | ||||
Series 2021-1 Class B | ||||
11/15/2027 | 2.130% | 3,002,526 | 2,975,180 | |
Series 2021-2 Class NOTE | ||||
01/25/2029 | 3.000% | 2,673,084 | 2,550,086 | |
Series 2021-5 Class A | ||||
08/15/2029 | 1.530% | 1,627,536 | 1,612,665 | |
Series 2021-HG1 Class A | ||||
01/16/2029 | 1.220% | 1,913,866 | 1,846,636 | |
Subordinated Series 2021-3 Class B | ||||
05/15/2029 | 1.740% | 6,199,662 | 6,091,648 | |
Subordinated Series 2021-5 Class B | ||||
08/15/2029 | 2.630% | 9,248,910 | 8,805,831 | |
Subordinated Series 2021-HG1 Class B | ||||
01/16/2029 | 1.820% | 442,808 | 422,827 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Pagaya AI Debt Trust(a) | ||||
Series 2022-2 Class A | ||||
01/15/2030 | 4.970% | 2,834,349 | 2,806,063 | |
Series 2023-1 Class A | ||||
07/15/2030 | 7.556% | 8,262,477 | 8,284,222 | |
Series 2023-3 Class A | ||||
12/16/2030 | 7.600% | 15,479,839 | 15,548,081 | |
Series 2023-6 Class A | ||||
06/16/2031 | 7.128% | 14,200,000 | 14,217,027 | |
Subordinated Series 2022-1 Class B | ||||
10/15/2029 | 3.344% | 10,598,598 | 9,973,685 | |
Subordinated Series 2022-3 Class B | ||||
03/15/2030 | 8.050% | 6,999,321 | 6,981,855 | |
Subordinated Series 2023-6 Class B | ||||
06/16/2031 | 7.464% | 11,000,000 | 11,010,113 | |
Pagaya AI Debt Trust(a),(d) | ||||
Subordinated Series 2023-5 Class AB | ||||
04/15/2031 | 7.277% | 11,548,493 | 11,551,987 | |
PAGAYA AI Debt Trust(a),(d) | ||||
Subordinated Series 2022-3 Class AB | ||||
03/15/2030 | 6.587% | 2,439,107 | 2,429,865 | |
Palmer Square Loan Funding Ltd.(a),(b) | ||||
Series 2021-4A Class B | ||||
3-month Term SOFR + 2.012% Floor 1.750% 10/15/2029 | 7.406% | 15,000,000 | 14,857,140 | |
Research-Driven Pagaya Motor Asset Trust IV(a) | ||||
Series 2021-2A Class A | ||||
03/25/2030 | 2.650% | 3,776,099 | 3,375,196 | |
Santander Drive Auto Receivables Trust | ||||
Series 2023-2 Class A2 | ||||
03/16/2026 | 5.870% | 9,240,276 | 9,228,816 | |
Santander Revolving Auto Loan Trust(a) | ||||
Series 2019-A Class A | ||||
01/26/2032 | 2.510% | 6,992,000 | 6,698,132 | |
Stewart Park CLO Ltd.(a),(b) | ||||
Series 2017-1A Class BR | ||||
3-month Term SOFR + 1.632% Floor 1.370% 01/15/2030 | 7.026% | 5,828,571 | 5,713,130 | |
Theorem Funding Trust(a) | ||||
Series 2022-3A Class A | ||||
04/15/2029 | 7.600% | 8,142,493 | 8,165,525 | |
Series 2023-1A Class A | ||||
04/15/2029 | 7.580% | 10,393,544 | 10,423,427 | |
Upstart Pass-Through Trust(a) | ||||
Series 2020-ST6 Class A | ||||
01/20/2027 | 3.000% | 991,834 | 967,078 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 7 |
October 31, 2023 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2021-ST10 Class A | ||||
01/20/2030 | 2.250% | 2,606,083 | 2,549,834 | |
Series 2021-ST4 Class A | ||||
07/20/2027 | 2.000% | 2,653,548 | 2,546,578 | |
Series 2021-ST5 Class A | ||||
07/20/2027 | 2.000% | 2,392,728 | 2,296,941 | |
Upstart Securitization Trust(a) | ||||
Series 2023-1 Class A | ||||
02/20/2033 | 6.590% | 3,420,252 | 3,405,189 | |
Series 2023-2 Class A | ||||
06/20/2033 | 6.770% | 7,479,195 | 7,461,052 | |
Subordinated Series 2021-4 Class B | ||||
09/20/2031 | 1.840% | 9,900,000 | 9,563,731 | |
Voya CLO Ltd.(a),(b) | ||||
Series 2021-1A Class D | ||||
3-month Term SOFR + 3.412% Floor 3.150% 07/15/2034 | 8.806% | 8,350,000 | 7,715,609 | |
Westlake Automobile Receivables Trust(a) | ||||
Series 2023-3A Class A3 | ||||
05/17/2027 | 5.820% | 4,800,000 | 4,768,165 | |
Total Asset-Backed Securities — Non-Agency (Cost $476,183,478) | 469,264,069 | |||
Commercial Mortgage-Backed Securities - Agency 0.1% | ||||
FRESB Mortgage Trust(d) | ||||
Series 2018-SB45 Class A10F (FHLMC) | ||||
11/25/2027 | 3.160% | 3,057,927 | 2,852,636 | |
Total Commercial Mortgage-Backed Securities - Agency (Cost $3,064,010) | 2,852,636 | |||
Commercial Mortgage-Backed Securities - Non-Agency 3.3% | ||||
BAMLL Commercial Mortgage Securities Trust(a),(d) | ||||
Series 2013-WBRK Class A | ||||
03/10/2037 | 3.652% | 3,000,000 | 2,608,951 | |
BAMLL Commercial Mortgage Securities Trust(a),(b) | ||||
Series 2019-RLJ Class D | ||||
1-month Term SOFR + 1.997% Floor 1.950% 04/15/2036 | 7.332% | 7,730,000 | 7,679,247 | |
BBCMS Trust(a),(b) | ||||
Subordinated Series 2018-BXH Class E | ||||
1-month Term SOFR + 2.364% Floor 2.250% 10/15/2037 | 7.699% | 4,790,000 | 4,613,604 | |
BFLD Trust(a),(b) | ||||
Series 2019-DPLO Class F | ||||
1-month Term SOFR + 2.654% Floor 2.540% 10/15/2034 | 7.989% | 1,800,000 | 1,754,385 |
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Braemar Hotels & Resorts Trust(a),(b) | ||||
Subordinated Series 2018-PRME Class D | ||||
1-month Term SOFR + 1.847% Floor 1.925% 06/15/2035 | 7.249% | 3,100,000 | 3,013,304 | |
BX Trust(a),(b) | ||||
Subordinated Series 2019-ATL Class C | ||||
1-month Term SOFR + 1.587% Floor 1.587% 10/15/2036 | 7.036% | 4,361,000 | 4,197,479 | |
Subordinated Series 2019-ATL Class D | ||||
1-month Term SOFR + 1.887% Floor 1.887% 10/15/2036 | 7.336% | 3,801,000 | 3,572,964 | |
CLNY Trust(a),(b) | ||||
Subordinated Series 2019-IKPR Class E | ||||
1-month Term SOFR + 2.721% Floor 2.721% 11/15/2038 | 8.172% | 6,100,000 | 5,403,348 | |
COMM Mortgage Trust(a),(d) | ||||
Subordinated Series 2020-CBM Class E | ||||
02/10/2037 | 3.633% | 4,850,000 | 4,446,908 | |
Credit Suisse Mortgage Capital Certificates OA LLC(a) | ||||
Subordinated Series 2014-USA Class E | ||||
09/15/2037 | 4.373% | 8,285,000 | 4,019,051 | |
Subordinated Series 2014-USA Class F | ||||
09/15/2037 | 4.373% | 7,750,000 | 3,093,351 | |
Extended Stay America Trust(a),(b) | ||||
Series 2021-ESH Class D | ||||
1-month Term SOFR + 2.364% Floor 2.250% 07/15/2038 | 7.699% | 12,836,591 | 12,555,918 | |
Hilton USA Trust(a) | ||||
Subordinated Series 2016-SFP Class E | ||||
11/05/2035 | 5.519% | 5,500,000 | 609,010 | |
Morgan Stanley Capital I Trust(a),(d) | ||||
Series 2019-MEAD Class E | ||||
11/10/2036 | 3.177% | 6,200,000 | 4,954,258 | |
Progress Residential Trust(a) | ||||
Series 2020-SFR1 Class E | ||||
04/17/2037 | 3.032% | 8,750,000 | 8,225,364 | |
Subordinated Series 2019-SFR3 Class F | ||||
09/17/2036 | 3.867% | 1,225,000 | 1,182,554 | |
Subordinated Series 2019-SFR4 Class F | ||||
10/17/2036 | 3.684% | 765,000 | 734,821 | |
Subordinated Series 2020-SFR2 Class E | ||||
06/17/2037 | 5.115% | 2,800,000 | 2,690,941 |
8 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
SFO Commercial Mortgage Trust(a),(b) | ||||
Series 2021-555 Class A | ||||
1-month Term SOFR + 1.264% Floor 1.150% 05/15/2038 | 6.599% | 5,000,000 | 4,562,757 | |
UBS Commercial Mortgage Trust(a),(b) | ||||
Series 2018-NYCH Class B | ||||
1-month Term SOFR + 1.297% Floor 1.250% 02/15/2032 | 6.632% | 4,800,000 | 4,733,246 | |
Wells Fargo Commercial Mortgage Trust(a),(b) | ||||
Series 2017-SMP Class A | ||||
1-month Term SOFR + 1.047% Floor 0.875% 12/15/2034 | 6.382% | 4,555,000 | 4,263,613 | |
Total Commercial Mortgage-Backed Securities - Non-Agency (Cost $105,124,731) | 88,915,074 |
Common Stocks 0.0% | ||
Issuer | Shares | Value ($) |
Financials 0.0% | ||
Financial Services 0.0% | ||
Mr. Cooper Group, Inc.(e) | 4,518 | 255,402 |
Total Financials | 255,402 | |
Industrials 0.0% | ||
Passenger Airlines 0.0% | ||
United Airlines Holdings, Inc.(e) | 1,493 | 52,270 |
Total Industrials | 52,270 | |
Total Common Stocks (Cost $1,511,077) | 307,672 |
Convertible Bonds 0.0% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Cable and Satellite 0.0% | ||||
DISH Network Corp. | ||||
Subordinated | ||||
08/15/2026 | 3.375% | 572,000 | 293,150 | |
Total Convertible Bonds (Cost $550,881) | 293,150 | |||
Corporate Bonds & Notes(f) 28.2% | ||||
Aerospace & Defense 0.9% | ||||
Boeing Co. (The) | ||||
08/01/2059 | 3.950% | 9,596,000 | 5,896,148 | |
05/01/2060 | 5.930% | 4,074,000 | 3,427,182 |
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Howmet Aerospace, Inc. | ||||
01/15/2029 | 3.000% | 1,280,000 | 1,079,175 | |
L3Harris Technologies, Inc. | ||||
07/31/2033 | 5.400% | 2,169,000 | 2,026,317 | |
Raytheon Technologies Corp. | ||||
03/15/2032 | 2.375% | 7,665,000 | 5,756,866 | |
Spirit AeroSystems, Inc.(a) | ||||
11/30/2029 | 9.375% | 782,000 | 803,323 | |
TransDigm, Inc.(a) | ||||
03/15/2026 | 6.250% | 2,883,000 | 2,818,853 | |
08/15/2028 | 6.750% | 886,000 | 861,074 | |
TransDigm, Inc. | ||||
11/15/2027 | 5.500% | 512,000 | 477,072 | |
01/15/2029 | 4.625% | 50,000 | 43,079 | |
Total | 23,189,089 | |||
Airlines 0.2% | ||||
Air Canada(a) | ||||
08/15/2026 | 3.875% | 435,000 | 395,999 | |
American Airlines, Inc.(a) | ||||
07/15/2025 | 11.750% | 550,000 | 583,033 | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(a) | ||||
04/20/2026 | 5.500% | 2,397,202 | 2,331,015 | |
04/20/2029 | 5.750% | 814,571 | 734,751 | |
Hawaiian Brand Intellectual Property Ltd./Miles Loyalty Ltd.(a) | ||||
01/20/2026 | 5.750% | 1,293,554 | 955,530 | |
United Airlines, Inc.(a) | ||||
04/15/2026 | 4.375% | 820,000 | 762,676 | |
04/15/2029 | 4.625% | 240,000 | 202,907 | |
Total | 5,965,911 | |||
Automotive 0.3% | ||||
American Axle & Manufacturing, Inc. | ||||
04/01/2027 | 6.500% | 29,000 | 27,354 | |
Clarios Global LP/US Finance Co.(a) | ||||
05/15/2028 | 6.750% | 960,000 | 933,733 | |
Ford Motor Credit Co. LLC | ||||
09/08/2024 | 3.664% | 934,000 | 909,143 | |
11/13/2025 | 3.375% | 679,000 | 633,556 | |
06/10/2026 | 6.950% | 578,000 | 579,184 | |
01/09/2027 | 4.271% | 630,000 | 582,159 | |
08/17/2027 | 4.125% | 363,000 | 329,837 | |
02/16/2028 | 2.900% | 221,000 | 187,910 | |
02/10/2029 | 2.900% | 929,000 | 759,669 | |
KAR Auction Services, Inc.(a) | ||||
06/01/2025 | 5.125% | 216,000 | 208,677 | |
Panther BF Aggregator 2 LP/Finance Co., Inc.(a) | ||||
05/15/2026 | 6.250% | 985,000 | 963,261 | |
05/15/2027 | 8.500% | 1,089,000 | 1,072,966 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 9 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
ZF North America Capital, Inc.(a) | ||||
04/14/2030 | 7.125% | 340,000 | 330,239 | |
Total | 7,517,688 | |||
Banking 7.6% | ||||
Ally Financial, Inc. | ||||
05/21/2024 | 3.875% | 185,000 | 181,835 | |
Subordinated | ||||
11/20/2025 | 5.750% | 2,336,000 | 2,232,481 | |
Bank of America Corp.(g) | ||||
07/23/2031 | 1.898% | 11,485,000 | 8,542,365 | |
10/20/2032 | 2.572% | 27,137,000 | 20,341,455 | |
02/04/2033 | 2.972% | 18,480,000 | 14,156,454 | |
Subordinated | ||||
09/21/2036 | 2.482% | 1,006,000 | 717,121 | |
Citigroup, Inc.(g) | ||||
01/25/2033 | 3.057% | 11,756,000 | 9,053,523 | |
Goldman Sachs Group, Inc. (The)(g) | ||||
07/21/2032 | 2.383% | 6,082,000 | 4,518,176 | |
10/21/2032 | 2.650% | 5,411,000 | 4,069,309 | |
HSBC Holdings PLC(g) | ||||
05/24/2032 | 2.804% | 8,837,000 | 6,646,080 | |
11/22/2032 | 2.871% | 16,017,000 | 11,946,486 | |
JPMorgan Chase & Co.(g) | ||||
10/15/2030 | 2.739% | 11,900,000 | 9,771,603 | |
04/22/2032 | 2.580% | 13,724,000 | 10,594,432 | |
11/08/2032 | 2.545% | 18,610,000 | 14,102,107 | |
Morgan Stanley(g) | ||||
07/21/2032 | 2.239% | 3,556,000 | 2,623,765 | |
10/20/2032 | 2.511% | 18,040,000 | 13,493,755 | |
07/21/2034 | 5.424% | 2,427,000 | 2,215,001 | |
Subordinated | ||||
09/16/2036 | 2.484% | 1,460,000 | 1,035,100 | |
Morgan Stanley(g),(h) | ||||
11/01/2034 | 6.627% | 5,506,000 | 5,506,000 | |
PNC Financial Services Group, Inc. (The)(g) | ||||
06/12/2029 | 5.582% | 8,693,000 | 8,322,277 | |
10/20/2034 | 6.875% | 5,815,000 | 5,811,482 | |
US Bancorp(g) | ||||
06/12/2034 | 5.836% | 2,529,000 | 2,332,352 | |
Washington Mutual Bank(c),(i),(j) | ||||
Subordinated | ||||
01/15/2015 | 0.000% | 27,379,000 | 41,069 | |
Wells Fargo & Co.(g) | ||||
07/25/2029 | 5.574% | 1,113,000 | 1,071,889 | |
10/23/2029 | 6.303% | 5,511,000 | 5,465,227 | |
10/30/2030 | 2.879% | 1,254,000 | 1,024,879 | |
02/11/2031 | 2.572% | 15,658,000 | 12,410,104 | |
07/25/2034 | 5.557% | 7,268,000 | 6,657,151 |
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
10/23/2034 | 6.491% | 22,266,000 | 21,881,648 | |
Total | 206,765,126 | |||
Brokerage/Asset Managers/Exchanges 0.2% | ||||
AG Issuer LLC(a) | ||||
03/01/2028 | 6.250% | 385,000 | 355,828 | |
AG TTMT Escrow Issuer LLC(a) | ||||
09/30/2027 | 8.625% | 567,000 | 569,448 | |
Hightower Holding LLC(a) | ||||
04/15/2029 | 6.750% | 450,000 | 383,471 | |
NFP Corp.(a) | ||||
08/15/2028 | 4.875% | 471,000 | 414,188 | |
08/15/2028 | 6.875% | 1,826,000 | 1,560,393 | |
10/01/2030 | 7.500% | 640,000 | 607,067 | |
10/01/2031 | 8.500% | 360,000 | 354,571 | |
Total | 4,244,966 | |||
Building Materials 0.2% | ||||
American Builders & Contractors Supply Co., Inc.(a) | ||||
01/15/2028 | 4.000% | 661,000 | 593,742 | |
Beacon Roofing Supply, Inc.(a) | ||||
11/15/2026 | 4.500% | 463,000 | 431,995 | |
08/01/2030 | 6.500% | 358,000 | 341,999 | |
James Hardie International Finance DAC(a) | ||||
01/15/2028 | 5.000% | 250,000 | 231,772 | |
SRS Distribution, Inc.(a) | ||||
07/01/2028 | 4.625% | 815,000 | 711,092 | |
07/01/2029 | 6.125% | 556,000 | 465,606 | |
12/01/2029 | 6.000% | 447,000 | 372,164 | |
Standard Industries, Inc.(a) | ||||
01/15/2028 | 4.750% | 1,310,000 | 1,173,950 | |
White Cap Buyer LLC(a) | ||||
10/15/2028 | 6.875% | 1,180,000 | 1,033,168 | |
Total | 5,355,488 | |||
Cable and Satellite 1.3% | ||||
CCO Holdings LLC/Capital Corp.(a) | ||||
05/01/2027 | 5.125% | 396,000 | 364,301 | |
02/01/2028 | 5.000% | 1,128,000 | 1,009,626 | |
06/01/2029 | 5.375% | 233,000 | 203,923 | |
03/01/2030 | 4.750% | 862,000 | 711,254 | |
08/15/2030 | 4.500% | 1,140,000 | 915,234 | |
02/01/2031 | 4.250% | 194,000 | 150,948 | |
02/01/2032 | 4.750% | 619,000 | 483,227 | |
CCO Holdings LLC/Capital Corp. | ||||
05/01/2032 | 4.500% | 2,448,000 | 1,873,368 | |
Charter Communications Operating LLC/Capital | ||||
05/01/2047 | 5.375% | 1,980,000 | 1,429,567 | |
12/01/2061 | 4.400% | 9,591,000 | 5,580,506 | |
06/30/2062 | 3.950% | 11,685,000 | 6,252,105 |
10 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CSC Holdings LLC | ||||
06/01/2024 | 5.250% | 586,000 | 547,920 | |
CSC Holdings LLC(a) | ||||
02/01/2028 | 5.375% | 640,000 | 509,775 | |
01/15/2030 | 5.750% | 402,000 | 211,027 | |
12/01/2030 | 4.125% | 941,000 | 630,485 | |
12/01/2030 | 4.625% | 241,000 | 121,850 | |
02/15/2031 | 3.375% | 961,000 | 615,572 | |
11/15/2031 | 5.000% | 159,000 | 81,590 | |
DIRECTV Holdings LLC/Financing Co., Inc.(a) | ||||
08/15/2027 | 5.875% | 366,000 | 320,503 | |
DISH DBS Corp. | ||||
07/01/2026 | 7.750% | 799,000 | 534,941 | |
06/01/2029 | 5.125% | 1,341,000 | 689,445 | |
DISH Network Corp.(a) | ||||
11/15/2027 | 11.750% | 1,492,000 | 1,477,743 | |
Radiate Holdco LLC/Finance, Inc.(a) | ||||
09/15/2026 | 4.500% | 507,000 | 388,707 | |
09/15/2028 | 6.500% | 260,000 | 128,692 | |
Sirius XM Radio, Inc.(a) | ||||
09/01/2026 | 3.125% | 411,000 | 368,856 | |
08/01/2027 | 5.000% | 1,062,000 | 975,102 | |
07/15/2028 | 4.000% | 813,000 | 691,141 | |
07/01/2030 | 4.125% | 244,000 | 193,714 | |
Videotron Ltd.(a) | ||||
06/15/2029 | 3.625% | 4,632,000 | 3,908,392 | |
Virgin Media Finance PLC(a) | ||||
07/15/2030 | 5.000% | 542,000 | 426,151 | |
Virgin Media Secured Finance PLC(a) | ||||
05/15/2029 | 5.500% | 316,000 | 279,780 | |
VZ Secured Financing BV(a) | ||||
01/15/2032 | 5.000% | 1,165,000 | 885,268 | |
Ziggo Bond Co. BV(a) | ||||
02/28/2030 | 5.125% | 373,000 | 271,647 | |
Ziggo Bond Finance BV(a) | ||||
01/15/2027 | 6.000% | 335,000 | 306,674 | |
Ziggo BV(a) | ||||
01/15/2030 | 4.875% | 1,110,000 | 887,741 | |
Total | 34,426,775 | |||
Chemicals 0.4% | ||||
Avient Corp.(a) | ||||
08/01/2030 | 7.125% | 544,000 | 525,654 | |
Axalta Coating Systems LLC(a) | ||||
02/15/2029 | 3.375% | 221,000 | 182,153 | |
Axalta Coating Systems LLC/Dutch Holding B BV(a) | ||||
06/15/2027 | 4.750% | 408,000 | 375,751 | |
Braskem Netherlands Finance BV(a) | ||||
01/31/2030 | 4.500% | 1,500,000 | 1,153,403 |
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Cheever Escrow Issuer LLC(a) | ||||
10/01/2027 | 7.125% | 695,000 | 644,653 | |
Element Solutions, Inc.(a) | ||||
09/01/2028 | 3.875% | 618,000 | 525,936 | |
HB Fuller Co. | ||||
10/15/2028 | 4.250% | 633,000 | 548,341 | |
Herens Holdco Sarl(a) | ||||
05/15/2028 | 4.750% | 949,000 | 735,558 | |
Illuminate Buyer LLC/Holdings IV, Inc.(a) | ||||
07/01/2028 | 9.000% | 829,000 | 774,708 | |
INEOS Quattro Finance 2 Plc(a) | ||||
01/15/2026 | 3.375% | 739,000 | 705,191 | |
Ingevity Corp.(a) | ||||
11/01/2028 | 3.875% | 652,000 | 533,963 | |
Innophos Holdings, Inc.(a) | ||||
02/15/2028 | 9.375% | 305,000 | 287,511 | |
Iris Holdings, Inc.(a),(k) | ||||
02/15/2026 | 8.750% | 188,000 | 167,465 | |
Olympus Water US Holding Corp.(a) | ||||
10/01/2028 | 4.250% | 568,000 | 453,206 | |
11/15/2028 | 9.750% | 1,134,000 | 1,108,255 | |
10/01/2029 | 6.250% | 742,000 | 561,610 | |
SPCM SA(a) | ||||
03/15/2027 | 3.125% | 190,000 | 167,841 | |
Tronox, Inc.(a) | ||||
03/15/2029 | 4.625% | 39,000 | 30,621 | |
WR Grace Holdings LLC(a) | ||||
06/15/2027 | 4.875% | 836,000 | 752,024 | |
08/15/2029 | 5.625% | 1,743,000 | 1,350,865 | |
03/01/2031 | 7.375% | 159,000 | 147,393 | |
Total | 11,732,102 | |||
Construction Machinery 0.2% | ||||
H&E Equipment Services, Inc.(a) | ||||
12/15/2028 | 3.875% | 2,585,000 | 2,190,200 | |
Herc Holdings, Inc.(a) | ||||
07/15/2027 | 5.500% | 87,000 | 81,858 | |
Ritchie Bros Holdings, Inc.(a) | ||||
03/15/2028 | 6.750% | 2,210,000 | 2,177,879 | |
03/15/2031 | 7.750% | 325,000 | 326,242 | |
United Rentals North America, Inc. | ||||
05/15/2027 | 5.500% | 179,000 | 172,767 | |
02/15/2031 | 3.875% | 194,000 | 159,383 | |
01/15/2032 | 3.750% | 203,000 | 161,511 | |
Total | 5,269,840 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 11 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Consumer Cyclical Services 0.3% | ||||
APX Group, Inc.(a) | ||||
07/15/2029 | 5.750% | 98,000 | 81,849 | |
Arches Buyer, Inc.(a) | ||||
06/01/2028 | 4.250% | 1,119,000 | 926,594 | |
12/01/2028 | 6.125% | 765,000 | 618,051 | |
ASGN, Inc.(a) | ||||
05/15/2028 | 4.625% | 268,000 | 237,990 | |
Match Group, Inc.(a) | ||||
12/15/2027 | 5.000% | 348,000 | 321,300 | |
06/01/2028 | 4.625% | 1,677,000 | 1,505,347 | |
Uber Technologies, Inc.(a) | ||||
05/15/2025 | 7.500% | 463,000 | 464,017 | |
09/15/2027 | 7.500% | 327,000 | 327,916 | |
01/15/2028 | 6.250% | 1,129,000 | 1,088,169 | |
08/15/2029 | 4.500% | 2,043,000 | 1,802,853 | |
Total | 7,374,086 | |||
Consumer Products 0.1% | ||||
Acushnet Co.(a) | ||||
10/15/2028 | 7.375% | 137,000 | 137,284 | |
CD&R Smokey Buyer, Inc.(a) | ||||
07/15/2025 | 6.750% | 1,565,000 | 1,492,095 | |
Newell Brands, Inc. | ||||
06/01/2025 | 4.875% | 371,000 | 356,297 | |
09/15/2027 | 6.375% | 215,000 | 201,364 | |
09/15/2029 | 6.625% | 304,000 | 279,905 | |
Prestige Brands, Inc.(a) | ||||
01/15/2028 | 5.125% | 214,000 | 197,617 | |
Scotts Miracle-Gro Co. (The) | ||||
04/01/2031 | 4.000% | 185,000 | 137,711 | |
02/01/2032 | 4.375% | 284,000 | 208,292 | |
Spectrum Brands, Inc.(a) | ||||
10/01/2029 | 5.000% | 618,000 | 554,412 | |
07/15/2030 | 5.500% | 226,000 | 202,546 | |
03/15/2031 | 3.875% | 247,000 | 198,200 | |
Total | 3,965,723 | |||
Diversified Manufacturing 0.6% | ||||
Carrier Global Corp. | ||||
02/15/2030 | 2.722% | 8,257,000 | 6,725,013 | |
Chart Industries, Inc.(a) | ||||
01/01/2030 | 7.500% | 340,000 | 334,057 | |
01/01/2031 | 9.500% | 117,000 | 120,541 | |
Emerald Debt Merger Sub LLC(a) | ||||
12/15/2030 | 6.625% | 1,525,000 | 1,451,898 | |
Gates Global LLC/Co.(a) | ||||
01/15/2026 | 6.250% | 1,444,000 | 1,411,134 |
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Madison IAQ LLC(a) | ||||
06/30/2028 | 4.125% | 741,000 | 618,780 | |
06/30/2029 | 5.875% | 587,000 | 454,678 | |
Resideo Funding, Inc.(a) | ||||
09/01/2029 | 4.000% | 891,000 | 718,139 | |
Vertical US Newco, Inc.(a) | ||||
07/15/2027 | 5.250% | 751,000 | 683,663 | |
WESCO Distribution, Inc.(a) | ||||
06/15/2025 | 7.125% | 1,091,000 | 1,092,582 | |
06/15/2028 | 7.250% | 2,222,000 | 2,209,968 | |
Total | 15,820,453 | |||
Electric 1.4% | ||||
AEP Texas, Inc. | ||||
01/15/2050 | 3.450% | 3,890,000 | 2,356,442 | |
Clearway Energy Operating LLC(a) | ||||
03/15/2028 | 4.750% | 315,000 | 282,122 | |
02/15/2031 | 3.750% | 1,016,000 | 795,682 | |
01/15/2032 | 3.750% | 956,000 | 724,637 | |
Duke Energy Corp. | ||||
09/01/2046 | 3.750% | 8,515,000 | 5,542,013 | |
Edison International | ||||
11/15/2028 | 5.250% | 5,156,000 | 4,890,432 | |
Emera US Finance LP | ||||
06/15/2046 | 4.750% | 7,655,000 | 5,337,316 | |
FirstEnergy Corp. | ||||
03/01/2050 | 3.400% | 1,537,000 | 928,279 | |
Georgia Power Co. | ||||
03/15/2042 | 4.300% | 2,286,000 | 1,748,322 | |
Leeward Renewable Energy Operations LLC(a) | ||||
07/01/2029 | 4.250% | 135,000 | 110,464 | |
NextEra Energy Operating Partners LP(a) | ||||
07/15/2024 | 4.250% | 988,000 | 969,371 | |
09/15/2027 | 4.500% | 781,000 | 700,181 | |
NRG Energy, Inc. | ||||
01/15/2028 | 5.750% | 384,000 | 360,608 | |
NRG Energy, Inc.(a) | ||||
02/15/2029 | 3.375% | 182,000 | 148,376 | |
06/15/2029 | 5.250% | 274,000 | 242,284 | |
02/15/2032 | 3.875% | 2,283,000 | 1,705,213 | |
Pacific Gas and Electric Co. | ||||
07/01/2050 | 4.950% | 9,055,000 | 6,326,158 | |
Pattern Energy Operations LP/Inc.(a) | ||||
08/15/2028 | 4.500% | 132,000 | 114,831 | |
PG&E Corp. | ||||
07/01/2028 | 5.000% | 80,000 | 72,490 |
12 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
TerraForm Power Operating LLC(a) | ||||
01/31/2028 | 5.000% | 770,000 | 704,856 | |
01/15/2030 | 4.750% | 527,000 | 448,245 | |
Vistra Operations Co. LLC(a) | ||||
09/01/2026 | 5.500% | 68,000 | 64,829 | |
02/15/2027 | 5.625% | 209,000 | 196,693 | |
07/31/2027 | 5.000% | 712,000 | 653,226 | |
05/01/2029 | 4.375% | 1,377,000 | 1,167,268 | |
10/15/2031 | 7.750% | 734,000 | 708,641 | |
Total | 37,298,979 | |||
Environmental 0.1% | ||||
Clean Harbors, Inc.(a) | ||||
02/01/2031 | 6.375% | 95,000 | 90,425 | |
GFL Environmental, Inc.(a) | ||||
08/01/2025 | 3.750% | 852,000 | 810,030 | |
12/15/2026 | 5.125% | 274,000 | 260,745 | |
08/01/2028 | 4.000% | 343,000 | 296,118 | |
09/01/2028 | 3.500% | 299,000 | 257,178 | |
06/15/2029 | 4.750% | 504,000 | 442,702 | |
Waste Pro USA, Inc.(a) | ||||
02/15/2026 | 5.500% | 1,255,000 | 1,155,888 | |
Total | 3,313,086 | |||
Finance Companies 0.4% | ||||
Aretec Escrow Issuer 2, Inc.(a),(h) | ||||
08/15/2030 | 10.000% | 562,000 | 568,581 | |
Navient Corp. | ||||
06/25/2025 | 6.750% | 79,000 | 77,155 | |
06/15/2026 | 6.750% | 579,000 | 549,738 | |
03/15/2027 | 5.000% | 508,000 | 447,296 | |
Navient Corp.(h) | ||||
03/15/2031 | 11.500% | 471,000 | 470,105 | |
OneMain Finance Corp. | ||||
01/15/2027 | 3.500% | 725,000 | 613,752 | |
01/15/2029 | 9.000% | 426,000 | 415,500 | |
09/15/2030 | 4.000% | 428,000 | 313,488 | |
Provident Funding Associates LP/Finance Corp.(a) | ||||
06/15/2025 | 6.375% | 524,000 | 466,239 | |
Quicken Loans LLC/Co-Issuer, Inc.(a) | ||||
03/01/2029 | 3.625% | 2,049,000 | 1,665,982 | |
03/01/2031 | 3.875% | 975,000 | 753,699 | |
Rocket Mortgage LLC/Co-Issuer, Inc.(a) | ||||
10/15/2033 | 4.000% | 5,070,000 | 3,727,950 | |
Springleaf Finance Corp. | ||||
03/15/2024 | 6.125% | 420,000 | 419,022 | |
03/15/2025 | 6.875% | 181,000 | 178,706 | |
11/15/2029 | 5.375% | 40,000 | 33,039 |
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
United Wholesale Mortgage LLC(a) | ||||
04/15/2029 | 5.500% | 36,000 | 30,116 | |
Total | 10,730,368 | |||
Food and Beverage 1.0% | ||||
Bacardi Ltd.(a) | ||||
05/15/2048 | 5.300% | 9,130,000 | 7,409,227 | |
Becle SAB de CV(a) | ||||
10/14/2031 | 2.500% | 3,000,000 | 2,192,116 | |
Constellation Brands, Inc. | ||||
05/01/2033 | 4.900% | 7,848,000 | 7,085,232 | |
Darling Ingredients, Inc.(a) | ||||
06/15/2030 | 6.000% | 720,000 | 670,930 | |
FAGE International SA/USA Dairy Industry, Inc.(a) | ||||
08/15/2026 | 5.625% | 1,199,000 | 1,150,033 | |
Grupo Bimbo SAB de CV(a) | ||||
06/27/2024 | 3.875% | 971,000 | 959,041 | |
Lamb Weston Holdings, Inc.(a) | ||||
01/31/2030 | 4.125% | 422,000 | 358,641 | |
Post Holdings, Inc.(a) | ||||
03/01/2027 | 5.750% | 622,000 | 593,379 | |
01/15/2028 | 5.625% | 725,000 | 673,396 | |
04/15/2030 | 4.625% | 624,000 | 523,578 | |
09/15/2031 | 4.500% | 864,000 | 701,314 | |
Primo Water Holdings, Inc.(a) | ||||
04/30/2029 | 4.375% | 1,247,000 | 1,054,004 | |
Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed(a) | ||||
03/01/2029 | 4.625% | 1,037,000 | 842,398 | |
Triton Water Holdings, Inc.(a) | ||||
04/01/2029 | 6.250% | 627,000 | 514,427 | |
Tyson Foods, Inc. | ||||
06/02/2047 | 4.550% | 567,000 | 405,090 | |
09/28/2048 | 5.100% | 2,296,000 | 1,777,335 | |
US Foods, Inc.(a) | ||||
09/15/2028 | 6.875% | 367,000 | 360,391 | |
02/15/2029 | 4.750% | 585,000 | 515,402 | |
06/01/2030 | 4.625% | 328,000 | 280,255 | |
01/15/2032 | 7.250% | 341,000 | 335,018 | |
Total | 28,401,207 | |||
Gaming 0.4% | ||||
Boyd Gaming Corp. | ||||
12/01/2027 | 4.750% | 332,000 | 302,828 | |
Boyd Gaming Corp.(a) | ||||
06/15/2031 | 4.750% | 497,000 | 412,809 | |
Caesars Entertainment, Inc.(a) | ||||
10/15/2029 | 4.625% | 1,823,000 | 1,499,246 | |
02/15/2030 | 7.000% | 969,000 | 932,680 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 13 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Churchill Downs, Inc.(a) | ||||
01/15/2028 | 4.750% | 656,000 | 589,041 | |
05/01/2031 | 6.750% | 310,000 | 289,489 | |
Colt Merger Sub, Inc.(a) | ||||
07/01/2025 | 5.750% | 501,000 | 493,622 | |
07/01/2025 | 6.250% | 1,369,000 | 1,347,304 | |
07/01/2027 | 8.125% | 769,000 | 761,555 | |
International Game Technology PLC(a) | ||||
02/15/2025 | 6.500% | 200,000 | 198,795 | |
04/15/2026 | 4.125% | 352,000 | 331,660 | |
Light & Wonder International, Inc.(a) | ||||
09/01/2031 | 7.500% | 157,000 | 153,352 | |
MGM Resorts International | ||||
05/01/2025 | 6.750% | 2,000,000 | 1,988,727 | |
Midwest Gaming Borrower LLC(a) | ||||
05/01/2029 | 4.875% | 408,000 | 339,891 | |
Penn National Gaming, Inc.(a) | ||||
01/15/2027 | 5.625% | 355,000 | 324,756 | |
07/01/2029 | 4.125% | 373,000 | 289,837 | |
Scientific Games Holdings LP/US FinCo, Inc.(a) | ||||
03/01/2030 | 6.625% | 731,000 | 628,750 | |
Scientific Games International, Inc.(a) | ||||
05/15/2028 | 7.000% | 88,000 | 85,899 | |
11/15/2029 | 7.250% | 406,000 | 393,787 | |
Wynn Las Vegas LLC/Capital Corp.(a) | ||||
03/01/2025 | 5.500% | 57,000 | 55,937 | |
Wynn Resorts Finance LLC/Capital Corp.(a) | ||||
10/01/2029 | 5.125% | 165,000 | 140,887 | |
Total | 11,560,852 | |||
Health Care 1.8% | ||||
Acadia Healthcare Co., Inc.(a) | ||||
07/01/2028 | 5.500% | 195,000 | 180,224 | |
04/15/2029 | 5.000% | 669,000 | 599,357 | |
AdaptHealth LLC(a) | ||||
08/01/2029 | 4.625% | 138,000 | 103,180 | |
03/01/2030 | 5.125% | 832,000 | 632,936 | |
Avantor Funding, Inc.(a) | ||||
07/15/2028 | 4.625% | 326,000 | 290,748 | |
11/01/2029 | 3.875% | 858,000 | 717,790 | |
Bausch & Lomb Escrow Corp.(a) | ||||
10/01/2028 | 8.375% | 580,000 | 576,433 | |
Becton Dickinson Euro Finance SARL | ||||
08/13/2041 | 1.336% | EUR | 890,000 | 554,631 |
Catalent Pharma Solutions, Inc.(a) | ||||
02/15/2029 | 3.125% | 106,000 | 83,917 | |
04/01/2030 | 3.500% | 498,000 | 391,015 |
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Charles River Laboratories International, Inc.(a) | ||||
05/01/2028 | 4.250% | 28,000 | 24,920 | |
03/15/2029 | 3.750% | 215,000 | 182,162 | |
03/15/2031 | 4.000% | 185,000 | 151,058 | |
CHS/Community Health Systems, Inc.(a) | ||||
04/15/2029 | 6.875% | 422,000 | 172,911 | |
05/15/2030 | 5.250% | 1,921,000 | 1,364,357 | |
02/15/2031 | 4.750% | 307,000 | 206,488 | |
CVS Health Corp. | ||||
07/20/2045 | 5.125% | 3,775,000 | 3,011,118 | |
03/25/2048 | 5.050% | 2,580,000 | 2,031,189 | |
Encompass Health Corp. | ||||
02/01/2028 | 4.500% | 422,000 | 380,438 | |
HCA, Inc. | ||||
03/15/2027 | 3.125% | 484,000 | 436,620 | |
06/01/2028 | 5.200% | 15,175,000 | 14,446,220 | |
09/01/2030 | 3.500% | 11,175,000 | 9,249,089 | |
03/15/2052 | 4.625% | 2,006,000 | 1,398,174 | |
Indigo Merger Sub, Inc.(a) | ||||
07/15/2026 | 2.875% | 281,000 | 258,034 | |
IQVIA, Inc.(a) | ||||
10/15/2026 | 5.000% | 653,000 | 622,601 | |
05/15/2030 | 6.500% | 294,000 | 285,233 | |
Mozart Debt Merger Sub, Inc.(a) | ||||
04/01/2029 | 3.875% | 2,576,000 | 2,173,956 | |
10/01/2029 | 5.250% | 1,964,000 | 1,672,277 | |
Select Medical Corp.(a) | ||||
08/15/2026 | 6.250% | 1,178,000 | 1,146,026 | |
Star Parent, Inc.(a) | ||||
10/01/2030 | 9.000% | 1,003,000 | 996,540 | |
Tenet Healthcare Corp. | ||||
01/01/2026 | 4.875% | 220,000 | 211,061 | |
02/01/2027 | 6.250% | 389,000 | 373,689 | |
11/01/2027 | 5.125% | 521,000 | 481,371 | |
06/15/2028 | 4.625% | 846,000 | 753,213 | |
10/01/2028 | 6.125% | 1,164,000 | 1,076,858 | |
06/01/2029 | 4.250% | 84,000 | 71,973 | |
01/15/2030 | 4.375% | 633,000 | 536,016 | |
Tenet Healthcare Corp.(a) | ||||
05/15/2031 | 6.750% | 229,000 | 217,522 | |
Total | 48,061,345 | |||
Healthcare Insurance 0.6% | ||||
Aetna, Inc. | ||||
11/15/2042 | 4.125% | 972,000 | 694,336 | |
08/15/2047 | 3.875% | 529,000 | 347,946 |
14 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Centene Corp. | ||||
02/15/2030 | 3.375% | 615,000 | 508,866 | |
10/15/2030 | 3.000% | 14,096,000 | 11,144,610 | |
08/01/2031 | 2.625% | 4,372,000 | 3,296,454 | |
Total | 15,992,212 | |||
Home Construction 0.1% | ||||
Meritage Homes Corp. | ||||
06/01/2025 | 6.000% | 171,000 | 167,793 | |
Meritage Homes Corp.(a) | ||||
04/15/2029 | 3.875% | 1,914,000 | 1,609,121 | |
Shea Homes LP/Funding Corp. | ||||
02/15/2028 | 4.750% | 692,000 | 611,584 | |
Taylor Morrison Communities, Inc.(a) | ||||
01/15/2028 | 5.750% | 84,000 | 76,432 | |
Total | 2,464,930 | |||
Independent Energy 0.5% | ||||
Baytex Energy Corp.(a) | ||||
04/30/2030 | 8.500% | 526,000 | 521,619 | |
Callon Petroleum Co. | ||||
07/01/2026 | 6.375% | 812,000 | 791,938 | |
Callon Petroleum Co.(a) | ||||
08/01/2028 | 8.000% | 215,000 | 213,120 | |
06/15/2030 | 7.500% | 210,000 | 203,417 | |
Centennial Resource Production LLC(a) | ||||
04/01/2027 | 6.875% | 121,000 | 118,588 | |
Civitas Resources, Inc.(a) | ||||
07/01/2028 | 8.375% | 209,000 | 210,500 | |
11/01/2030 | 8.625% | 187,000 | 190,333 | |
07/01/2031 | 8.750% | 230,000 | 232,238 | |
CNX Resources Corp.(a) | ||||
03/14/2027 | 7.250% | 29,000 | 28,558 | |
01/15/2029 | 6.000% | 305,000 | 280,056 | |
01/15/2031 | 7.375% | 880,000 | 844,401 | |
Colgate Energy Partners III LLC(a) | ||||
07/01/2029 | 5.875% | 1,930,000 | 1,801,056 | |
Comstock Resources, Inc.(a) | ||||
03/01/2029 | 6.750% | 191,000 | 173,981 | |
01/15/2030 | 5.875% | 286,000 | 244,526 | |
CrownRock LP/Finance, Inc.(a) | ||||
10/15/2025 | 5.625% | 973,000 | 963,809 | |
05/01/2029 | 5.000% | 1,697,000 | 1,598,874 | |
Endeavor Energy Resources LP/Finance, Inc.(a) | ||||
01/30/2028 | 5.750% | 213,000 | 204,440 |
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Hilcorp Energy I LP/Finance Co.(a) | ||||
11/01/2028 | 6.250% | 22,000 | 20,570 | |
02/01/2029 | 5.750% | 264,000 | 237,754 | |
04/15/2030 | 6.000% | 300,000 | 266,468 | |
02/01/2031 | 6.000% | 282,000 | 247,117 | |
04/15/2032 | 6.250% | 334,000 | 291,547 | |
Matador Resources Co. | ||||
09/15/2026 | 5.875% | 422,000 | 407,472 | |
Matador Resources Co.(a) | ||||
04/15/2028 | 6.875% | 320,000 | 313,830 | |
Permian Resources Operating LLC(a) | ||||
01/15/2032 | 7.000% | 765,000 | 744,971 | |
Southwestern Energy Co. | ||||
02/01/2029 | 5.375% | 144,000 | 133,228 | |
02/01/2032 | 4.750% | 1,327,000 | 1,141,172 | |
Total | 12,425,583 | |||
Integrated Energy 0.1% | ||||
Cenovus Energy, Inc. | ||||
02/15/2052 | 3.750% | 2,315,000 | 1,450,550 | |
Leisure 0.4% | ||||
Carnival Corp.(a) | ||||
03/01/2026 | 7.625% | 862,000 | 837,430 | |
03/01/2027 | 5.750% | 1,866,000 | 1,665,479 | |
08/01/2028 | 4.000% | 623,000 | 542,264 | |
08/15/2029 | 7.000% | 262,000 | 256,760 | |
Carnival Holdings Bermuda Ltd.(a) | ||||
05/01/2028 | 10.375% | 461,000 | 491,560 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op(a) | ||||
05/01/2025 | 5.500% | 651,000 | 638,442 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op | ||||
04/15/2027 | 5.375% | 342,000 | 316,725 | |
10/01/2028 | 6.500% | 334,000 | 310,602 | |
Cinemark USA, Inc.(a) | ||||
05/01/2025 | 8.750% | 55,000 | 55,577 | |
03/15/2026 | 5.875% | 530,000 | 505,226 | |
07/15/2028 | 5.250% | 262,000 | 228,098 | |
Live Nation Entertainment, Inc.(a) | ||||
03/15/2026 | 5.625% | 345,000 | 331,393 | |
NCL Corp., Ltd.(a) | ||||
02/15/2029 | 7.750% | 104,000 | 90,751 | |
NCL Finance Ltd.(a) | ||||
03/15/2028 | 6.125% | 113,000 | 94,412 | |
Royal Caribbean Cruises Ltd.(a) | ||||
07/01/2026 | 4.250% | 675,000 | 621,141 | |
08/31/2026 | 5.500% | 657,000 | 621,006 | |
07/15/2027 | 5.375% | 266,000 | 245,164 | |
01/15/2029 | 8.250% | 400,000 | 410,292 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 15 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
01/15/2030 | 7.250% | 675,000 | 667,131 | |
Six Flags Entertainment Corp.(a) | ||||
05/15/2031 | 7.250% | 797,000 | 733,443 | |
Six Flags Theme Parks, Inc.(a) | ||||
07/01/2025 | 7.000% | 31,000 | 30,812 | |
Viking Cruises Ltd.(a) | ||||
02/15/2029 | 7.000% | 290,000 | 262,220 | |
07/15/2031 | 9.125% | 344,000 | 337,932 | |
Total | 10,293,860 | |||
Life Insurance 0.1% | ||||
Peachtree Corners Funding Trust(a) | ||||
02/15/2025 | 3.976% | 2,100,000 | 2,033,159 | |
Voya Financial, Inc. | ||||
06/15/2046 | 4.800% | 82,000 | 59,282 | |
Total | 2,092,441 | |||
Lodging 0.0% | ||||
Hilton Domestic Operating Co., Inc.(a) | ||||
05/01/2025 | 5.375% | 61,000 | 60,029 | |
05/01/2028 | 5.750% | 67,000 | 64,265 | |
02/15/2032 | 3.625% | 253,000 | 199,979 | |
Marriott Ownership Resorts, Inc.(a) | ||||
06/15/2029 | 4.500% | 188,000 | 154,106 | |
Wyndham Hotels & Resorts, Inc.(a) | ||||
08/15/2028 | 4.375% | 312,000 | 275,438 | |
Total | 753,817 | |||
Media and Entertainment 0.9% | ||||
Clear Channel International BV(a) | ||||
08/01/2025 | 6.625% | 289,000 | 284,111 | |
Clear Channel Outdoor Holdings, Inc.(a) | ||||
04/15/2028 | 7.750% | 716,000 | 548,629 | |
09/15/2028 | 9.000% | 560,000 | 545,485 | |
06/01/2029 | 7.500% | 1,217,000 | 886,906 | |
Clear Channel Worldwide Holdings, Inc.(a) | ||||
08/15/2027 | 5.125% | 847,000 | 752,474 | |
iHeartCommunications, Inc. | ||||
05/01/2026 | 6.375% | 772,634 | 629,648 | |
05/01/2027 | 8.375% | 1,211,507 | 742,281 | |
iHeartCommunications, Inc.(a) | ||||
01/15/2028 | 4.750% | 846,000 | 598,720 | |
Netflix, Inc. | ||||
05/15/2029 | 4.625% | EUR | 1,696,000 | 1,827,290 |
Outfront Media Capital LLC/Corp.(a) | ||||
08/15/2027 | 5.000% | 972,000 | 865,922 | |
01/15/2029 | 4.250% | 139,000 | 113,275 | |
03/15/2030 | 4.625% | 764,000 | 616,412 |
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Playtika Holding Corp.(a) | ||||
03/15/2029 | 4.250% | 600,000 | 483,672 | |
Roblox Corp.(a) | ||||
05/01/2030 | 3.875% | 469,000 | 380,496 | |
Univision Communications, Inc.(a) | ||||
08/15/2028 | 8.000% | 214,000 | 202,450 | |
05/01/2029 | 4.500% | 243,000 | 193,215 | |
06/30/2030 | 7.375% | 540,000 | 476,185 | |
Warnermedia Holdings, Inc. | ||||
03/15/2062 | 5.391% | 21,129,000 | 14,798,542 | |
Total | 24,945,713 | |||
Metals and Mining 0.2% | ||||
Allegheny Technologies, Inc. | ||||
10/01/2029 | 4.875% | 108,000 | 92,238 | |
10/01/2031 | 5.125% | 777,000 | 639,469 | |
Constellium NV(a) | ||||
02/15/2026 | 5.875% | 614,000 | 592,447 | |
Constellium SE(a) | ||||
06/15/2028 | 5.625% | 988,000 | 903,698 | |
04/15/2029 | 3.750% | 1,309,000 | 1,076,770 | |
Hudbay Minerals, Inc.(a) | ||||
04/01/2026 | 4.500% | 906,000 | 841,863 | |
04/01/2029 | 6.125% | 441,000 | 396,207 | |
Kaiser Aluminum Corp.(a) | ||||
03/01/2028 | 4.625% | 83,000 | 69,200 | |
06/01/2031 | 4.500% | 507,000 | 374,616 | |
Novelis Corp.(a) | ||||
11/15/2026 | 3.250% | 256,000 | 228,181 | |
01/30/2030 | 4.750% | 554,000 | 471,595 | |
08/15/2031 | 3.875% | 309,000 | 241,567 | |
Total | 5,927,851 | |||
Midstream 1.5% | ||||
CNX Midstream Partners LP(a) | ||||
04/15/2030 | 4.750% | 451,000 | 371,692 | |
Delek Logistics Partners LP/Finance Corp. | ||||
05/15/2025 | 6.750% | 96,000 | 94,770 | |
DT Midstream, Inc.(a) | ||||
06/15/2029 | 4.125% | 891,000 | 766,624 | |
06/15/2031 | 4.375% | 626,000 | 520,464 | |
EQM Midstream Partners LP(a) | ||||
07/01/2025 | 6.000% | 106,000 | 103,976 | |
07/01/2027 | 6.500% | 281,000 | 274,451 | |
01/15/2029 | 4.500% | 315,000 | 276,013 | |
01/15/2031 | 4.750% | 1,099,000 | 920,456 | |
EQM Midstream Partners LP | ||||
07/15/2048 | 6.500% | 2,965,000 | 2,502,000 |
16 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Galaxy Pipeline Assets Bidco Ltd.(a) | ||||
09/30/2040 | 3.250% | 3,995,000 | 2,776,598 | |
Hess Midstream Operations LP(a) | ||||
02/15/2030 | 4.250% | 202,000 | 173,622 | |
Holly Energy Partners LP/Finance Corp.(a) | ||||
04/15/2027 | 6.375% | 246,000 | 239,576 | |
02/01/2028 | 5.000% | 486,000 | 450,130 | |
ITT Holdings LLC(a) | ||||
08/01/2029 | 6.500% | 324,000 | 271,810 | |
Kinder Morgan, Inc. | ||||
02/15/2046 | 5.050% | 2,270,000 | 1,732,594 | |
08/01/2052 | 5.450% | 5,818,000 | 4,698,935 | |
MPLX LP | ||||
03/14/2052 | 4.950% | 1,972,000 | 1,463,107 | |
NuStar Logistics LP | ||||
10/01/2025 | 5.750% | 832,000 | 807,406 | |
06/01/2026 | 6.000% | 1,385,000 | 1,340,831 | |
04/28/2027 | 5.625% | 111,000 | 105,355 | |
Plains All American Pipeline LP/Finance Corp. | ||||
06/15/2044 | 4.700% | 11,015,000 | 7,728,135 | |
Sunoco LP/Finance Corp. | ||||
04/15/2027 | 6.000% | 779,000 | 751,114 | |
TransMontaigne Partners LP/TLP Finance Corp. | ||||
02/15/2026 | 6.125% | 868,000 | 744,031 | |
Venture Global Calcasieu Pass LLC(a) | ||||
08/15/2029 | 3.875% | 1,179,000 | 983,606 | |
08/15/2031 | 4.125% | 3,380,000 | 2,722,838 | |
11/01/2033 | 3.875% | 6,510,000 | 4,932,425 | |
Western Midstream Operating LP(g) | ||||
02/01/2050 | 5.250% | 5,215,000 | 3,834,503 | |
Total | 41,587,062 | |||
Natural Gas 0.2% | ||||
NiSource, Inc. | ||||
05/01/2030 | 3.600% | 3,737,000 | 3,198,877 | |
05/15/2047 | 4.375% | 4,329,000 | 3,146,679 | |
Total | 6,345,556 | |||
Oil Field Services 0.1% | ||||
Archrock Partners LP/Finance Corp.(a) | ||||
04/01/2028 | 6.250% | 67,000 | 62,332 | |
Nabors Industries Ltd.(a) | ||||
01/15/2026 | 7.250% | 650,000 | 609,020 | |
Nabors Industries, Inc.(a) | ||||
05/15/2027 | 7.375% | 285,000 | 266,549 | |
Transocean Aquila Ltd.(a) | ||||
09/30/2028 | 8.000% | 649,000 | 638,656 |
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Transocean Titan Financing Ltd.(a) | ||||
02/01/2028 | 8.375% | 734,000 | 735,633 | |
USA Compression Partners LP/Finance Corp. | ||||
04/01/2026 | 6.875% | 103,000 | 100,405 | |
Venture Global LNG, Inc.(a) | ||||
06/01/2028 | 8.125% | 249,000 | 241,749 | |
02/01/2029 | 9.500% | 172,000 | 174,461 | |
06/01/2031 | 8.375% | 921,000 | 878,984 | |
02/01/2032 | 9.875% | 171,000 | 173,434 | |
Total | 3,881,223 | |||
Other Industry 0.0% | ||||
Hillenbrand, Inc. | ||||
03/01/2031 | 3.750% | 224,000 | 176,225 | |
Other REIT 0.2% | ||||
Blackstone Mortgage Trust, Inc.(a) | ||||
01/15/2027 | 3.750% | 555,000 | 461,923 | |
Digital Dutch Finco BV(a) | ||||
03/15/2030 | 1.500% | EUR | 1,680,000 | 1,423,765 |
Ladder Capital Finance Holdings LLLP/Corp.(a) | ||||
10/01/2025 | 5.250% | 531,000 | 505,335 | |
02/01/2027 | 4.250% | 893,000 | 784,131 | |
06/15/2029 | 4.750% | 2,141,000 | 1,725,563 | |
Park Intermediate Holdings LLC/Domestic Property/Finance Co-Issuer(a) | ||||
10/01/2028 | 5.875% | 256,000 | 230,562 | |
Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer(a) | ||||
05/15/2029 | 4.875% | 311,000 | 260,833 | |
RHP Hotel Properties LP/Finance Corp.(a) | ||||
07/15/2028 | 7.250% | 181,000 | 176,499 | |
02/15/2029 | 4.500% | 156,000 | 132,831 | |
RLJ Lodging Trust LP(a) | ||||
07/01/2026 | 3.750% | 219,000 | 197,627 | |
09/15/2029 | 4.000% | 241,000 | 196,543 | |
Service Properties Trust | ||||
03/15/2024 | 4.650% | 147,000 | 145,178 | |
Total | 6,240,790 | |||
Packaging 0.3% | ||||
Ardagh Metal Packaging Finance USA LLC/PLC(a) | ||||
06/15/2027 | 6.000% | 1,259,000 | 1,191,161 | |
09/01/2029 | 4.000% | 1,603,000 | 1,202,105 | |
Ardagh Packaging Finance PLC/Holdings USA, Inc.(a) | ||||
08/15/2026 | 4.125% | 1,004,000 | 886,150 | |
Ball Corp. | ||||
06/15/2029 | 6.000% | 652,000 | 624,465 | |
Berry Global, Inc.(a) | ||||
04/15/2028 | 5.500% | 1,470,000 | 1,408,194 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 17 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Canpack SA/Eastern PA Land Investment Holding LLC(a) | ||||
11/01/2025 | 3.125% | 147,000 | 134,624 | |
Canpack SA/US LLC(a) | ||||
11/15/2029 | 3.875% | 755,000 | 588,434 | |
Trivium Packaging Finance BV(a) | ||||
08/15/2026 | 5.500% | 799,000 | 725,166 | |
08/15/2027 | 8.500% | 373,000 | 311,446 | |
Total | 7,071,745 | |||
Pharmaceuticals 1.5% | ||||
1375209 BC Ltd.(a) | ||||
01/30/2028 | 9.000% | 123,000 | 119,328 | |
Amgen, Inc. | ||||
03/02/2063 | 5.750% | 19,918,000 | 17,240,338 | |
Bausch Health Companies, Inc.(a) | ||||
10/15/2030 | 14.000% | 43,000 | 23,425 | |
Grifols Escrow Issuer SA(a) | ||||
10/15/2028 | 4.750% | 337,000 | 282,427 | |
Organon Finance 1 LLC(a) | ||||
04/30/2028 | 4.125% | 726,000 | 627,189 | |
04/30/2031 | 5.125% | 1,057,000 | 825,934 | |
Pfizer Investment Enterprises Pte., Ltd. | ||||
05/19/2033 | 4.750% | 19,505,000 | 17,902,061 | |
05/19/2063 | 5.340% | 4,967,000 | 4,255,078 | |
Total | 41,275,780 | |||
Property & Casualty 0.5% | ||||
Alliant Holdings Intermediate LLC/Co-Issuer(a) | ||||
10/15/2027 | 4.250% | 472,000 | 414,831 | |
10/15/2027 | 6.750% | 786,000 | 717,130 | |
04/15/2028 | 6.750% | 1,147,000 | 1,090,722 | |
11/01/2029 | 5.875% | 1,796,000 | 1,501,015 | |
AssuredPartners, Inc.(a) | ||||
08/15/2025 | 7.000% | 1,065,000 | 1,043,576 | |
01/15/2029 | 5.625% | 670,000 | 569,594 | |
Berkshire Hathaway Finance Corp. | ||||
03/15/2052 | 3.850% | 3,100,000 | 2,161,922 | |
BroadStreet Partners, Inc.(a) | ||||
04/15/2029 | 5.875% | 683,000 | 595,196 | |
GTCR AP Finance, Inc.(a) | ||||
05/15/2027 | 8.000% | 186,000 | 180,880 | |
HUB International Ltd.(a) | ||||
05/01/2026 | 7.000% | 331,000 | 322,519 | |
12/01/2029 | 5.625% | 1,716,000 | 1,479,538 | |
HUB International, Ltd.(a) | ||||
06/15/2030 | 7.250% | 1,613,000 | 1,577,720 |
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
USI, Inc.(a) | ||||
05/01/2025 | 6.875% | 1,115,000 | 1,105,379 | |
Total | 12,760,022 | |||
Restaurants 0.1% | ||||
1011778 BC ULC/New Red Finance, Inc.(a) | ||||
04/15/2025 | 5.750% | 755,000 | 748,519 | |
10/15/2030 | 4.000% | 547,000 | 448,347 | |
Fertitta Entertainment LLC/Finance Co., Inc.(a) | ||||
01/15/2030 | 6.750% | 636,000 | 505,416 | |
IRB Holding Corp.(a) | ||||
06/15/2025 | 7.000% | 1,015,000 | 1,013,764 | |
Yum! Brands, Inc. | ||||
03/15/2031 | 3.625% | 223,000 | 181,145 | |
04/01/2032 | 5.375% | 507,000 | 455,599 | |
Total | 3,352,790 | |||
Retailers 0.6% | ||||
Asbury Automotive Group, Inc.(a) | ||||
11/15/2029 | 4.625% | 131,000 | 110,732 | |
02/15/2032 | 5.000% | 905,000 | 735,263 | |
Group 1 Automotive, Inc.(a) | ||||
08/15/2028 | 4.000% | 153,000 | 131,954 | |
Hanesbrands, Inc.(a) | ||||
05/15/2026 | 4.875% | 285,000 | 261,989 | |
02/15/2031 | 9.000% | 273,000 | 253,834 | |
L Brands, Inc.(a) | ||||
07/01/2025 | 9.375% | 28,000 | 28,849 | |
10/01/2030 | 6.625% | 789,000 | 727,003 | |
L Brands, Inc. | ||||
06/15/2029 | 7.500% | 63,000 | 61,595 | |
11/01/2035 | 6.875% | 135,000 | 119,119 | |
LCM Investments Holdings II LLC(a) | ||||
05/01/2029 | 4.875% | 254,000 | 213,321 | |
08/01/2031 | 8.250% | 414,000 | 395,719 | |
Lithia Motors, Inc.(a) | ||||
01/15/2031 | 4.375% | 325,000 | 263,175 | |
Lowe’s Companies, Inc. | ||||
04/01/2062 | 4.450% | 2,360,000 | 1,611,302 | |
09/15/2062 | 5.800% | 11,795,000 | 9,983,402 | |
PetSmart, Inc./Finance Corp.(a) | ||||
02/15/2028 | 4.750% | 406,000 | 359,226 | |
02/15/2029 | 7.750% | 628,000 | 578,510 | |
Wolverine World Wide, Inc.(a) | ||||
08/15/2029 | 4.000% | 947,000 | 705,183 | |
Total | 16,540,176 |
18 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Supermarkets 0.1% | ||||
Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
03/15/2026 | 7.500% | 76,000 | 77,220 | |
Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
03/15/2026 | 3.250% | 841,000 | 777,612 | |
01/15/2027 | 4.625% | 688,000 | 645,854 | |
Total | 1,500,686 | |||
Technology 1.3% | ||||
Black Knight InfoServ LLC(a) | ||||
09/01/2028 | 3.625% | 181,000 | 161,430 | |
Block, Inc. | ||||
06/01/2026 | 2.750% | 1,472,000 | 1,325,481 | |
06/01/2031 | 3.500% | 214,000 | 165,575 | |
Boxer Parent Co., Inc.(a) | ||||
10/02/2025 | 7.125% | 63,000 | 62,172 | |
Broadcom, Inc.(a) | ||||
11/15/2036 | 3.187% | 9,347,000 | 6,470,046 | |
Camelot Finance SA(a) | ||||
11/01/2026 | 4.500% | 657,000 | 609,441 | |
Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.(a) | ||||
06/15/2029 | 8.000% | 128,000 | 126,968 | |
Central Parent, Inc./CDK Global, Inc.(a) | ||||
06/15/2029 | 7.250% | 347,000 | 333,066 | |
Clarivate Science Holdings Corp.(a) | ||||
07/01/2028 | 3.875% | 252,000 | 217,244 | |
07/01/2029 | 4.875% | 1,249,000 | 1,053,081 | |
Cloud Software Group, Inc.(a) | ||||
09/30/2029 | 9.000% | 1,155,000 | 984,514 | |
Condor Merger Sub, Inc.(a) | ||||
02/15/2030 | 7.375% | 1,286,000 | 1,028,345 | |
Dun & Bradstreet Corp. (The)(a) | ||||
12/15/2029 | 5.000% | 182,000 | 156,653 | |
Entegris Escrow Corp.(a) | ||||
04/15/2029 | 4.750% | 3,232,000 | 2,903,810 | |
06/15/2030 | 5.950% | 1,139,000 | 1,041,909 | |
GTCR W-2 Merger Sub LLC(a) | ||||
01/15/2031 | 7.500% | 1,380,000 | 1,360,826 | |
HealthEquity, Inc.(a) | ||||
10/01/2029 | 4.500% | 669,000 | 573,878 | |
Helios Software Holdings, Inc.(a) | ||||
05/01/2028 | 4.625% | 749,000 | 629,820 | |
ION Trading Technologies Sarl(a) | ||||
05/15/2028 | 5.750% | 730,000 | 605,847 |
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Iron Mountain, Inc.(a) | ||||
09/15/2027 | 4.875% | 2,384,000 | 2,187,209 | |
07/15/2028 | 5.000% | 140,000 | 125,404 | |
09/15/2029 | 4.875% | 42,000 | 36,602 | |
07/15/2030 | 5.250% | 517,000 | 448,916 | |
Logan Merger Sub, Inc.(a) | ||||
09/01/2027 | 5.500% | 1,160,000 | 609,349 | |
Minerva Merger Sub, Inc.(a) | ||||
02/15/2030 | 6.500% | 991,000 | 807,755 | |
NCR Atleos Escrow Corp.(a) | ||||
04/01/2029 | 9.500% | 1,078,000 | 1,056,471 | |
NCR Corp.(a) | ||||
10/01/2028 | 5.000% | 516,000 | 445,756 | |
04/15/2029 | 5.125% | 679,000 | 584,076 | |
10/01/2030 | 5.250% | 235,000 | 194,583 | |
Neptune Bidco US, Inc.(a) | ||||
04/15/2029 | 9.290% | 957,000 | 845,329 | |
NXP BV/Funding LLC/USA, Inc. | ||||
05/01/2030 | 3.400% | 1,090,000 | 912,251 | |
01/15/2033 | 5.000% | 3,969,000 | 3,538,076 | |
Picard Midco, Inc.(a) | ||||
03/31/2029 | 6.500% | 1,485,000 | 1,303,263 | |
PTC, Inc.(a) | ||||
02/15/2025 | 3.625% | 149,000 | 143,907 | |
Sabre GLBL, Inc.(a) | ||||
06/01/2027 | 8.625% | 9,000 | 7,485 | |
Seagate HDD Cayman(a) | ||||
12/15/2029 | 8.250% | 336,000 | 342,058 | |
07/15/2031 | 8.500% | 374,000 | 380,883 | |
Sensata Technologies BV(a) | ||||
09/01/2030 | 5.875% | 496,000 | 453,033 | |
Shift4 Payments LLC/Finance Sub, Inc.(a) | ||||
11/01/2026 | 4.625% | 606,000 | 559,658 | |
Tempo Acquisition LLC/Finance Corp.(a) | ||||
06/01/2025 | 5.750% | 192,000 | 187,579 | |
Verscend Escrow Corp.(a) | ||||
08/15/2026 | 9.750% | 497,000 | 493,577 | |
ZoomInfo Technologies LLC/Finance Corp.(a) | ||||
02/01/2029 | 3.875% | 1,281,000 | 1,057,424 | |
Total | 36,530,750 | |||
Transportation Services 0.3% | ||||
ERAC USA Finance LLC(a) | ||||
05/01/2028 | 4.600% | 7,614,000 | 7,247,945 | |
Wireless 1.0% | ||||
Altice France Holding SA(a) | ||||
02/15/2028 | 6.000% | 559,000 | 244,909 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 19 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes(f) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Altice France SA(a) | ||||
02/01/2027 | 8.125% | 85,000 | 71,826 | |
01/15/2028 | 5.500% | 830,000 | 616,725 | |
07/15/2029 | 5.125% | 881,000 | 603,514 | |
10/15/2029 | 5.500% | 975,000 | 672,818 | |
American Tower Corp. | ||||
08/15/2029 | 3.800% | 3,505,000 | 3,067,335 | |
SBA Communications Corp. | ||||
02/15/2027 | 3.875% | 2,432,000 | 2,217,922 | |
02/01/2029 | 3.125% | 576,000 | 477,503 | |
Sprint Corp. | ||||
06/15/2024 | 7.125% | 669,000 | 672,599 | |
02/15/2025 | 7.625% | 741,000 | 751,183 | |
T-Mobile US, Inc. | ||||
02/15/2031 | 2.875% | 18,247,000 | 14,554,535 | |
04/15/2031 | 3.500% | 2,030,000 | 1,685,163 | |
Vmed O2 UK Financing I PLC(a) | ||||
01/31/2031 | 4.250% | 1,220,000 | 961,927 | |
07/15/2031 | 4.750% | 1,477,000 | 1,188,871 | |
Total | 27,786,830 | |||
Wirelines 0.2% | ||||
Frontier Communications Holdings LLC(a) | ||||
05/15/2030 | 8.750% | 599,000 | 570,851 | |
03/15/2031 | 8.625% | 576,000 | 541,816 | |
Iliad Holding SAS(a) | ||||
10/15/2026 | 6.500% | 1,160,000 | 1,082,732 | |
10/15/2028 | 7.000% | 1,654,000 | 1,495,632 | |
Verizon Communications, Inc. | ||||
03/21/2031 | 2.550% | 1,050,000 | 819,809 | |
Total | 4,510,840 | |||
Total Corporate Bonds & Notes (Cost $904,556,645) | 764,148,461 | |||
Foreign Government Obligations(l) 2.0% | ||||
Canada 0.0% | ||||
NOVA Chemicals Corp.(a) | ||||
05/01/2025 | 5.000% | 487,000 | 460,299 | |
06/01/2027 | 5.250% | 445,000 | 377,710 | |
05/15/2029 | 4.250% | 441,000 | 327,441 | |
Total | 1,165,450 | |||
Colombia 0.3% | ||||
Colombia Government International Bond | ||||
04/15/2031 | 3.125% | 3,793,000 | 2,797,763 | |
04/22/2032 | 3.250% | 2,860,000 | 2,048,268 | |
05/15/2049 | 5.200% | 4,442,000 | 2,840,493 | |
Total | 7,686,524 |
Foreign Government Obligations(l) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Dominican Republic 0.0% | ||||
Dominican Republic International Bond(a) | ||||
01/25/2027 | 5.950% | 785,000 | 757,384 | |
Egypt 0.1% | ||||
Egypt Government International Bond(a) | ||||
02/16/2031 | 5.875% | 4,255,000 | 2,324,277 | |
01/31/2047 | 8.500% | 1,015,000 | 526,117 | |
Total | 2,850,394 | |||
India 0.1% | ||||
Export-Import Bank of India(a) | ||||
01/15/2030 | 3.250% | 2,250,000 | 1,898,360 | |
Indonesia 0.1% | ||||
PT Indonesia Asahan Aluminium Persero(a) | ||||
11/15/2048 | 6.757% | 2,092,000 | 1,843,815 | |
Ivory Coast 0.1% | ||||
Ivory Coast Government International Bond(a) | ||||
06/15/2033 | 6.125% | 2,801,000 | 2,292,448 | |
Mexico 0.6% | ||||
Petroleos Mexicanos | ||||
03/13/2027 | 6.500% | 3,251,000 | 2,866,452 | |
09/21/2047 | 6.750% | 9,179,000 | 5,217,026 | |
01/23/2050 | 7.690% | 2,000,000 | 1,239,323 | |
01/28/2060 | 6.950% | 11,185,000 | 6,332,951 | |
Total | 15,655,752 | |||
Paraguay 0.1% | ||||
Paraguay Government International Bond(a) | ||||
08/11/2044 | 6.100% | 2,465,000 | 2,059,275 | |
Qatar 0.2% | ||||
Qatar Government International Bond(a) | ||||
03/14/2049 | 4.817% | 2,400,000 | 1,961,615 | |
Qatar Petroleum(a) | ||||
07/12/2031 | 2.250% | 5,762,000 | 4,494,647 | |
Total | 6,456,262 | |||
Russian Federation 0.0% | ||||
Gazprom OAO Via Gaz Capital SA(a) | ||||
02/06/2028 | 4.950% | 1,320,000 | 958,245 | |
Saudi Arabia 0.1% | ||||
Saudi Government International Bond(a) | ||||
04/17/2049 | 5.000% | 2,550,000 | 2,019,522 | |
South Africa 0.1% | ||||
Republic of South Africa Government International Bond | ||||
09/30/2049 | 5.750% | 1,994,000 | 1,287,224 |
20 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Foreign Government Obligations(l) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
United Arab Emirates 0.2% | ||||
DP World Ltd.(a) | ||||
09/25/2048 | 5.625% | 3,620,000 | 2,966,643 | |
DP World PLC(a) | ||||
07/02/2037 | 6.850% | 3,540,000 | 3,497,425 | |
Total | 6,464,068 | |||
Total Foreign Government Obligations (Cost $74,099,951) | 53,394,723 | |||
Residential Mortgage-Backed Securities - Agency 46.2% | ||||
Federal Home Loan Mortgage Corp. | ||||
04/01/2026 | 4.000% | 36,608 | 35,655 | |
12/01/2046- 08/01/2052 | 3.500% | 48,811,067 | 40,822,657 | |
12/01/2051 | 2.500% | 20,611,218 | 16,004,360 | |
02/01/2052- 05/01/2052 | 3.000% | 69,175,640 | 55,590,605 | |
03/01/2052 | 2.000% | 27,744,757 | 20,394,843 | |
02/01/2053 | 4.500% | 25,785,296 | 23,170,572 | |
Federal Home Loan Mortgage Corp.(m) | ||||
09/01/2049 | 3.000% | 4,468,620 | 3,614,827 | |
Federal Home Loan Mortgage Corp.(b),(n) | ||||
CMO Series 3922 Class SH | ||||
-1.0 x 30-day Average SOFR + 5.786% Cap 5.900% 09/15/2041 | 0.465% | 181,220 | 10,979 | |
CMO Series 4097 Class ST | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 08/15/2042 | 0.615% | 594,775 | 43,797 | |
CMO Series 4620 Class AS | ||||
-1.0 x 30-day Average SOFR + 0.554% 11/15/2042 | 0.000% | 581,098 | 31,132 | |
CMO Series 4903 Class SA | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 08/25/2049 | 0.615% | 10,104,331 | 776,388 | |
CMO Series 4979 Class KS | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 06/25/2048 | 0.615% | 4,847,544 | 434,212 | |
CMO STRIPS Series 2012-278 Class S1 | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 09/15/2042 | 0.615% | 757,652 | 56,978 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO STRIPS Series 309 Class S4 | ||||
-1.0 x 30-day Average SOFR + 5.856% Cap 5.970% 08/15/2043 | 0.535% | 370,677 | 26,241 | |
Federal Home Loan Mortgage Corp.(n) | ||||
CMO Series 4176 Class BI | ||||
03/15/2043 | 3.500% | 708,864 | 95,324 | |
Federal Home Loan Mortgage Corp. REMICS(b),(n) | ||||
CMO Series 4703 Class SA | ||||
-1.0 x 30-day Average SOFR + 6.036% Cap 6.150% 07/15/2047 | 0.715% | 19,409,932 | 1,729,720 | |
CMO Series 4920 Class SA | ||||
-1.0 x 30-day Average SOFR + 6.164% Cap 6.050% 10/15/2049 | 0.615% | 35,921,453 | 2,858,751 | |
Federal Home Loan Mortgage Corp. REMICS(n) | ||||
CMO Series 5034 Class GI | ||||
11/25/2050 | 2.500% | 18,529,201 | 2,647,347 | |
CMO Series 5078 Class TI | ||||
02/25/2051 | 2.500% | 23,881,994 | 3,733,119 | |
CMO Series 5187 Class IK | ||||
01/25/2052 | 3.000% | 22,460,656 | 4,179,629 | |
Federal National Mortgage Association(b) | ||||
6-month Term SOFR + 1.415% Floor 1.415%, Cap 11.040% 06/01/2032 | 4.665% | 2,298 | 2,255 | |
1-year CMT + 2.305% Floor 2.305%, Cap 10.430% 07/01/2037 | 6.055% | 46,312 | 45,961 | |
Federal National Mortgage Association(m) | ||||
08/01/2043- 02/01/2048 | 4.000% | 8,828,471 | 7,872,426 | |
04/01/2049- 11/01/2051 | 3.000% | 33,523,657 | 27,222,926 | |
Federal National Mortgage Association | ||||
06/01/2045- 05/01/2052 | 3.500% | 82,248,318 | 69,053,409 | |
09/01/2048- 07/01/2052 | 4.000% | 20,914,680 | 18,434,614 | |
11/01/2049- 04/01/2052 | 3.000% | 41,794,475 | 33,715,199 | |
01/01/2052- 04/01/2052 | 2.500% | 48,823,389 | 37,574,045 | |
09/01/2052 | 5.000% | 23,138,791 | 21,571,218 | |
CMO Series 2017-72 Class B | ||||
09/25/2047 | 3.000% | 4,749,501 | 4,102,441 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 21 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Federal National Mortgage Association(b),(n) | ||||
CMO Series 2013-101 Class CS | ||||
-1.0 x 30-day Average SOFR + 5.786% Cap 5.900% 10/25/2043 | 0.465% | 1,880,660 | 136,632 | |
CMO Series 2014-93 Class ES | ||||
-1.0 x 30-day Average SOFR + 6.036% Cap 6.150% 01/25/2045 | 0.715% | 1,118,706 | 98,068 | |
CMO Series 2016-31 Class VS | ||||
-1.0 x 30-day Average SOFR + 5.886% Cap 6.000% 06/25/2046 | 0.565% | 835,843 | 60,696 | |
CMO Series 2016-53 Class KS | ||||
-1.0 x 30-day Average SOFR + 5.886% Cap 6.000% 08/25/2046 | 0.565% | 3,668,068 | 291,217 | |
CMO Series 2016-57 Class SA | ||||
-1.0 x 30-day Average SOFR + 5.886% Cap 6.000% 08/25/2046 | 0.565% | 8,210,540 | 661,525 | |
CMO Series 2017-109 Class SA | ||||
-1.0 x 30-day Average SOFR + 6.036% Cap 6.150% 01/25/2048 | 0.715% | 4,085,222 | 385,874 | |
CMO Series 2017-20 Class SA | ||||
-1.0 x 30-day Average SOFR + 5.986% Cap 6.100% 04/25/2047 | 0.665% | 3,556,152 | 303,340 | |
CMO Series 2017-54 Class NS | ||||
-1.0 x 30-day Average SOFR + 6.036% Cap 6.150% 07/25/2047 | 0.715% | 3,136,533 | 297,404 | |
CMO Series 2017-54 Class SN | ||||
-1.0 x 30-day Average SOFR + 6.036% Cap 6.150% 07/25/2047 | 0.715% | 6,515,330 | 647,159 | |
CMO Series 2018-66 Class SM | ||||
-1.0 x 30-day Average SOFR + 6.086% Cap 6.200% 09/25/2048 | 0.765% | 4,360,216 | 379,501 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2018-67 MS Class MS | ||||
-1.0 x 30-day Average SOFR + 6.086% Cap 6.200% 09/25/2048 | 0.765% | 3,290,341 | 314,042 | |
CMO Series 2018-74 Class SA | ||||
-1.0 x 30-day Average SOFR + 6.036% Cap 6.150% 10/25/2048 | 0.715% | 6,090,828 | 520,886 | |
CMO Series 2019-33 Class SB | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 07/25/2049 | 0.615% | 14,694,974 | 1,198,607 | |
CMO Series 2019-42 Class SA | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 08/25/2049 | 0.615% | 26,395,372 | 2,106,393 | |
CMO Series 2019-60 Class SH | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 10/25/2049 | 0.615% | 9,327,255 | 779,992 | |
CMO Series 2019-67 Class SE | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 11/25/2049 | 0.615% | 8,006,875 | 823,304 | |
Federal National Mortgage Association REMICS(b),(n) | ||||
CMO Series 2013-26 Class SE | ||||
-1.0 x 30-day Average SOFR + 6.036% Cap 6.150% 04/25/2043 | 0.715% | 17,281,791 | 1,440,740 | |
CMO Series 2023-11 Class SB | ||||
-1.0 x 30-day Average SOFR + 5.550% Cap 5.550% 04/25/2053 | 0.229% | 24,795,949 | 734,501 | |
Freddie Mac REMICS(n) | ||||
CMO Series 5152 Class XI | ||||
11/25/2050 | 2.500% | 39,511,149 | 4,964,750 | |
CMO Series 5287 Class NI | ||||
05/25/2051 | 3.500% | 20,538,343 | 3,981,534 | |
Freddie Mac REMICS(b),(n) | ||||
CMO Series 5326 Class SE | ||||
-1.0 x 30-day Average SOFR + 5.950% Cap 5.950% 08/25/2053 | 0.635% | 21,691,919 | 1,556,987 |
22 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Freddie Mac STACR REMIC Trust(a),(b) | ||||
Subordinated CMO Series 2021-HQA2 Class B2 | ||||
30-day Average SOFR + 5.450% 12/25/2033 | 10.771% | 5,000,000 | 4,805,355 | |
Government National Mortgage Association(b) | ||||
1-year CMT + 1.500% Floor 1.500%, Cap 11.500% 07/20/2025 | 2.625% | 1,807 | 1,783 | |
Government National Mortgage Association | ||||
12/15/2038- 01/15/2039 | 6.000% | 28,258 | 28,480 | |
02/15/2039 | 5.500% | 15,598 | 15,419 | |
10/15/2040- 04/15/2041 | 4.000% | 405,827 | 369,900 | |
Government National Mortgage Association(m) | ||||
04/20/2048 | 4.500% | 3,389,348 | 3,110,217 | |
Government National Mortgage Association(n) | ||||
CMO Series 2014-184 Class CI | ||||
11/16/2041 | 3.500% | 3,311,599 | 394,455 | |
CMO Series 2020-175 Class KI | ||||
11/20/2050 | 2.500% | 23,396,599 | 3,182,595 | |
CMO Series 2020-189 Class HI | ||||
12/20/2050 | 3.000% | 29,286,899 | 4,343,458 | |
CMO Series 2020-191 Class UG | ||||
12/20/2050 | 3.500% | 15,551,371 | 2,533,318 | |
CMO Series 2021-119 Class QI | ||||
07/20/2051 | 3.000% | 20,863,579 | 3,020,932 | |
CMO Series 2021-140 Class IJ | ||||
08/20/2051 | 3.000% | 35,872,105 | 5,377,803 | |
CMO Series 2021-16 Class KI | ||||
01/20/2051 | 2.500% | 21,012,177 | 2,857,633 | |
CMO Series 2021-89 Class IO | ||||
05/20/2051 | 3.000% | 22,564,443 | 3,276,219 | |
CMO Series 2021-97 Class IQ | ||||
06/20/2051 | 2.500% | 13,659,550 | 1,699,411 | |
Government National Mortgage Association(b),(n) | ||||
CMO Series 2016-120 Class NS | ||||
-1.0 x 1-month Term SOFR + 5.986% Cap 6.100% 09/20/2046 | 0.646% | 22,467,259 | 2,009,762 | |
CMO Series 2017-130 Class GS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 08/20/2047 | 0.746% | 9,259,023 | 1,055,109 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2017-130 Class HS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 08/20/2047 | 0.746% | 4,318,676 | 293,309 | |
CMO Series 2017-134 Class SD | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 09/20/2047 | 0.746% | 16,555,486 | 1,488,972 | |
CMO Series 2017-149 Class BS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 10/20/2047 | 0.746% | 5,497,961 | 452,948 | |
CMO Series 2017-153 Class SE | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 10/20/2047 | 0.746% | 21,214,256 | 1,651,591 | |
CMO Series 2017-163 Class SA | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 11/20/2047 | 0.746% | 2,202,093 | 166,227 | |
CMO Series 2017-37 Class SB | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 03/20/2047 | 0.696% | 3,267,698 | 256,896 | |
CMO Series 2018-103 Class SA | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 08/20/2048 | 0.746% | 3,130,378 | 255,770 | |
CMO Series 2018-112 Class LS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 08/20/2048 | 0.746% | 3,941,457 | 316,094 | |
CMO Series 2018-125 Class SK | ||||
-1.0 x 1-month Term SOFR + 6.136% Cap 6.250% 09/20/2048 | 0.796% | 5,065,573 | 304,029 | |
CMO Series 2018-134 Class KS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 10/20/2048 | 0.746% | 4,022,962 | 320,727 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 23 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2018-139 Class SC | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 10/20/2048 | 0.696% | 2,820,254 | 214,653 | |
CMO Series 2018-148 Class HS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 11/20/2045 | 0.746% | 23,540,744 | 2,016,799 | |
CMO Series 2018-148 Class SB | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 01/20/2048 | 0.746% | 7,823,885 | 659,276 | |
CMO Series 2018-151 Class SA | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 11/20/2048 | 0.696% | 6,619,953 | 515,707 | |
CMO Series 2018-89 Class MS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 06/20/2048 | 0.746% | 4,072,793 | 287,340 | |
CMO Series 2018-89 Class SM | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 06/20/2048 | 0.746% | 5,206,191 | 327,988 | |
CMO Series 2018-91 Class DS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 07/20/2048 | 0.746% | 3,917,515 | 302,723 | |
CMO Series 2019-20 Class JS | ||||
-1.0 x 1-month Term SOFR + 5.886% Cap 6.000% 02/20/2049 | 0.546% | 6,293,324 | 474,581 | |
CMO Series 2019-5 Class SH | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 01/20/2049 | 0.696% | 4,554,990 | 358,092 | |
CMO Series 2019-56 Class SG | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 05/20/2049 | 0.696% | 4,991,647 | 390,988 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2019-59 Class KS | ||||
-1.0 x 1-month Term SOFR + 5.936% Cap 6.050% 05/20/2049 | 0.596% | 4,827,972 | 379,094 | |
CMO Series 2019-85 Class SC | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 07/20/2049 | 0.696% | 4,451,115 | 327,899 | |
CMO Series 2019-90 Class SD | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 07/20/2049 | 0.696% | 7,103,532 | 600,533 | |
CMO Series 2020-21 Class VS | ||||
-1.0 x 1-month Term SOFR + 6.164% Cap 6.050% 02/20/2050 | 0.596% | 3,437,433 | 306,221 | |
CMO Series 2020-62 Class SG | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 05/20/2050 | 0.696% | 5,998,112 | 466,409 | |
CMO Series 2021-116 Class YS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 09/20/2050 | 0.746% | 25,360,668 | 2,366,957 | |
CMO Series 2022-18 Class SL | ||||
-1.0 x 30-day Average SOFR + 6.300% Cap 6.300% 01/20/2052 | 0.979% | 23,000,024 | 2,446,547 | |
CMO Series 2022-63 Class GS | ||||
-1.0 x 30-day Average SOFR + 5.500% Cap 5.500% 04/20/2052 | 0.179% | 30,060,681 | 2,103,562 | |
CMO Series 2022-81 Class SK | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 08/20/2047 | 0.746% | 21,789,208 | 1,908,159 | |
CMO Series 2023-101 Class SE | ||||
-1.0 x 30-day Average SOFR + 6.000% Cap 6.000% 07/20/2053 | 0.679% | 34,819,222 | 1,429,124 |
24 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2023-66 Class AS | ||||
-1.0 x 1-month Term SOFR + 5.986% Cap 6.100% 09/20/2049 | 0.646% | 34,093,435 | 2,694,861 | |
Government National Mortgage Association TBA(h) | ||||
11/20/2053 | 4.000% | 96,000,000 | 84,378,750 | |
11/20/2053 | 4.500% | 50,000,000 | 45,174,993 | |
11/20/2053 | 5.000% | 75,000,000 | 69,782,227 | |
Uniform Mortgage-Backed Security TBA(h) | ||||
11/15/2038- 11/13/2053 | 3.000% | 168,000,000 | 137,408,849 | |
11/13/2053 | 4.000% | 62,000,000 | 53,552,500 | |
11/13/2053 | 4.500% | 26,000,000 | 23,214,746 | |
11/13/2053 | 5.000% | 128,000,000 | 118,000,000 | |
11/13/2053 | 5.500% | 154,000,000 | 146,059,375 | |
11/13/2053 | 6.000% | 96,000,000 | 93,411,331 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $1,346,864,109) | 1,252,683,478 | |||
Residential Mortgage-Backed Securities - Non-Agency 26.1% | ||||
510 Asset Backed Trust(a),(d) | ||||
CMO Series 2021-NPL2 Class A1 | ||||
06/25/2061 | 2.116% | 5,875,157 | 5,479,733 | |
Angel Oak Mortgage Trust I LLC(a),(d) | ||||
CMO Series 2018-3 Class M1 | ||||
09/25/2048 | 4.421% | 2,567,894 | 2,519,747 | |
Bellemeade Re Ltd.(a),(b) | ||||
CMO Series 2019-2A Class M1C | ||||
1-month Term SOFR + 2.114% Floor 2.000% 04/25/2029 | 7.439% | 2,457,037 | 2,459,847 | |
CMO Series 2019-2A Class M2 | ||||
1-month Term SOFR + 3.214% Floor 3.100% 04/25/2029 | 8.539% | 10,964,000 | 11,195,528 | |
CMO Series 2019-4A Class M1C | ||||
1-month Term SOFR + 2.614% Floor 2.500% 10/25/2029 | 7.939% | 1,636,730 | 1,640,372 | |
CMO Series 2020-4A Class M2B | ||||
1-month Term SOFR + 3.714% Floor 3.600% 06/25/2030 | 9.039% | 1,869,423 | 1,869,412 | |
CMO Series 2021-2A Class M1B | ||||
30-day Average SOFR + 1.500% Floor 1.500% 06/25/2031 | 6.815% | 8,000,000 | 7,979,647 | |
BRAVO Residential Funding Trust(a),(d) | ||||
CMO Series 2021-A Class A1 | ||||
10/25/2059 | 1.991% | 6,539,237 | 6,145,288 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
BVRT Financing Trust(a),(b),(c) | ||||
CMO Series 2021-3F Class M2 | ||||
30-day Average SOFR + 2.900% Floor 2.900% 07/12/2033 | 4.187% | 14,257,825 | 14,257,825 | |
CMO Series 2021-CRT3 Class B1 | ||||
30-day Average SOFR + 4.300% Floor 4.300% 01/10/2031 | 4.338% | 10,000,000 | 10,000,000 | |
CAFL Issuer LLC(a),(d) | ||||
CMO Series 2021-RTL1 Class A1 | ||||
03/28/2029 | 2.239% | 5,590,000 | 5,185,898 | |
CHNGE Mortgage Trust(a),(d) | ||||
CMO Series 2022-3 Class A1 | ||||
05/25/2067 | 5.000% | 13,897,504 | 13,138,499 | |
CMO Series 2022-5 Class A1 | ||||
01/25/2058 | 6.000% | 7,317,206 | 7,093,173 | |
CMO Series 2023-3 Class A1 | ||||
07/25/2058 | 7.100% | 15,628,549 | 15,442,685 | |
Citigroup Mortgage Loan Trust, Inc.(a) | ||||
Subordinated CMO Series 2014-C Class B1 | ||||
02/25/2054 | 4.250% | 2,907,023 | 2,800,026 | |
COLT Mortgage Loan Trust(a),(d) | ||||
CMO Series 2021-3 Class A1 | ||||
09/27/2066 | 0.956% | 7,074,595 | 5,213,557 | |
CMO Series 2021-5 Class A3 | ||||
11/26/2066 | 2.807% | 6,400,000 | 3,840,366 | |
CMO Series 2021-6 Class A3 | ||||
12/25/2066 | 3.006% | 8,426,000 | 5,305,690 | |
Connecticut Avenue Securities Trust(a),(b) | ||||
CMO Series 2019-HRP1 Class M2 | ||||
30-day Average SOFR + 2.264% 11/25/2039 | 7.585% | 2,899,743 | 2,921,815 | |
CMO Series 2022-R01 Class 1M2 | ||||
30-day Average SOFR + 1.900% 12/25/2041 | 7.221% | 15,000,000 | 14,819,230 | |
Subordinated CMO Series 2022-R01 Class 1B2 | ||||
30-day Average SOFR + 6.000% 12/25/2041 | 11.321% | 19,800,000 | 19,667,756 | |
Credit Suisse Mortgage Trust(a),(d) | ||||
CMO Series 2021-NQM1 Class A3 | ||||
05/25/2065 | 1.199% | 1,624,724 | 1,344,521 | |
CSMC Trust(a),(d) | ||||
CMO Series 2020-RPL2 Class A12 | ||||
02/25/2060 | 3.518% | 12,966,195 | 13,261,279 | |
CMO Series 2022-RPL3 Class A1 | ||||
03/25/2061 | 3.613% | 11,698,518 | 11,381,590 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 25 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Deephaven Residential Mortgage Trust(a),(d) | ||||
CMO Series 2020-2 Class M1 | ||||
05/25/2065 | 4.112% | 7,190,000 | 6,606,730 | |
CMO Series 2021-4 Class A1 | ||||
11/25/2066 | 1.931% | 6,150,191 | 4,841,813 | |
CMO Series 2021-4 Class A3 | ||||
11/25/2066 | 2.239% | 6,380,823 | 5,018,360 | |
Eagle Re Ltd.(a),(b) | ||||
CMO Series 2018-1 Class B1 | ||||
1-month Term SOFR + 4.114% Floor 4.000% 11/25/2028 | 9.439% | 3,000,000 | 3,025,871 | |
Subordinated CMO Series 2020-1 Class M1B | ||||
1-month Term SOFR + 1.564% 01/25/2030 | 6.889% | 3,311,784 | 3,309,824 | |
Ellington Financial Mortgage Trust(a),(d) | ||||
CMO Series 2019-2 Class M1 | ||||
11/25/2059 | 3.469% | 2,500,000 | 2,033,608 | |
FMC GMSR Issuer Trust(a),(d) | ||||
CMO Series 2020-GT1 Class A | ||||
01/25/2026 | 4.450% | 10,500,000 | 9,007,628 | |
Freddie Mac STACR(b) | ||||
CMO Series 2020-CS02 Class M4 | ||||
1-month Term SOFR + 0.000% 06/25/2033 | 4.617% | 4,484,454 | 4,209,725 | |
Freddie Mac STACR REMIC Trust(a),(b) | ||||
CMO Series 2021-DNA5 Class M2 | ||||
30-day Average SOFR + 1.650% 01/25/2034 | 6.971% | 3,011,433 | 3,015,255 | |
CMO Series 2021-HQA1 Class M2 | ||||
30-day Average SOFR + 2.250% 08/25/2033 | 7.571% | 11,153,212 | 11,062,574 | |
CMO Series 2022-DNA1 Class M1B | ||||
30-day Average SOFR + 1.850% 01/25/2042 | 7.171% | 7,900,000 | 7,763,340 | |
CMO Series 2022-HQA1 Class M2 | ||||
30-day Average SOFR + 5.250% 03/25/2042 | 10.571% | 16,582,000 | 17,455,538 | |
CMO Series 2023-HQA1 Class M1B | ||||
30-day Average SOFR + 3.500% 05/25/2043 | 8.821% | 6,000,000 | 6,156,772 | |
Subordinated CMO Series 2020-HQA3 Class B1 | ||||
30-day Average SOFR + 5.864% 07/25/2050 | 11.185% | 6,590,695 | 7,195,515 | |
Subordinated CMO Series 2021-DNA5 Class B2 | ||||
30-day Average SOFR + 5.500% 01/25/2034 | 10.821% | 16,000,000 | 15,470,080 | |
Subordinated CMO Series 2021-HQA1 Class B2 | ||||
30-day Average SOFR + 5.000% 08/25/2033 | 10.321% | 9,400,000 | 8,862,133 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Freddie Mac Structured Agency Credit Risk Debt Notes(a),(b) | ||||
CMO Series 2019-CS03 Class M2 | ||||
30-day Average SOFR + 0.114% 10/25/2032 | 5.435% | 3,887,689 | 3,852,102 | |
CMO Series 2020-HQA5 Class M2 | ||||
30-day Average SOFR + 2.600% 11/25/2050 | 7.921% | 7,873,127 | 7,962,368 | |
Subordinated CMO Series 2020-HQA5 Class B1 | ||||
30-day Average SOFR + 4.000% 11/25/2050 | 9.321% | 8,500,000 | 9,037,921 | |
Subordinated CMO Series 2022-DNA2 Class B2 | ||||
30-day Average SOFR + 8.500% 02/25/2042 | 13.821% | 8,750,000 | 9,048,520 | |
GCAT LLC(a),(d) | ||||
CMO Series 2021-CM1 Class A1 | ||||
04/25/2065 | 1.469% | 6,708,281 | 6,041,357 | |
GCAT Trust(a),(d) | ||||
CMO Series 2021-NQM6 Class A2 | ||||
08/25/2066 | 2.710% | 4,100,000 | 2,743,044 | |
CMO Series 2021-NQM6 Class A3 | ||||
08/25/2066 | 2.810% | 7,500,000 | 4,686,270 | |
CMO Series 2021-NQM7 Class A3 | ||||
08/25/2066 | 2.891% | 10,000,000 | 6,485,468 | |
Genworth Mortgage Insurance Corp.(a),(b) | ||||
CMO Series 2021-3 Class M1B | ||||
30-day Average SOFR + 2.900% Floor 2.900% 02/25/2034 | 8.215% | 18,000,000 | 18,060,091 | |
Homeward Opportunities Fund Trust(a),(g) | ||||
CMO Series 2020-BPL1 Class A1 | ||||
08/25/2025 | 3.228% | 312,714 | 311,995 | |
Imperial Fund Mortgage Trust(a),(d) | ||||
CMO Series 2021-NQM4 Class A2 | ||||
01/25/2057 | 2.296% | 3,461,484 | 2,767,715 | |
Legacy Mortgage Asset Trust(a),(d) | ||||
CMO Series 2021-GS1 Class A1 | ||||
10/25/2066 | 1.892% | 5,188,196 | 4,830,206 | |
CMO Series 2021-GS2 Class A1 | ||||
04/25/2061 | 1.750% | 4,235,492 | 3,909,524 | |
CMO Series 2021-SL2 Class A | ||||
10/25/2068 | 1.875% | 7,070,061 | 6,513,545 | |
MFA Trust(a),(d) | ||||
CMO Series 2020-NQM1 Class M1 | ||||
08/25/2049 | 3.071% | 2,800,000 | 2,304,949 | |
CMO Series 2020-NQM2 Class M1 | ||||
04/25/2065 | 3.034% | 12,854,000 | 10,127,652 | |
Mill City Mortgage Loan Trust(a),(d) | ||||
CMO Series 2023-NQM1 Class A1 | ||||
10/25/2067 | 6.050% | 8,002,349 | 7,805,416 |
26 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Mortgage Acquisition Trust I LLC(a),(c) | ||||
CMO Series 2021-1 Class PT | ||||
11/29/2023 | 3.500% | 4,212,764 | 3,812,551 | |
New Residential Mortgage Loan Trust(a),(d) | ||||
Subordinated CMO Series 2020-RPL1 Class B4 | ||||
11/25/2059 | 3.881% | 10,000,000 | 5,463,976 | |
New York Mortgage Trust(a),(d) | ||||
CMO Series 2021-BPL1 Class A1 | ||||
05/25/2026 | 2.239% | 5,595,968 | 5,481,644 | |
NRZ Excess Spread-Collateralized Notes(a) | ||||
Series 2020-PLS1 Class A | ||||
12/25/2025 | 3.844% | 2,320,240 | 2,167,256 | |
Oaktown Re VI Ltd.(a),(b) | ||||
CMO Series 2021-1A Class M1B | ||||
30-day Average SOFR + 2.050% Floor 2.050% 10/25/2033 | 7.371% | 2,554,773 | 2,553,984 | |
PMT Credit Risk Transfer Trust(a),(b) | ||||
Series 2019-2R Class A | ||||
1-month Term SOFR + 3.750% Floor 3.750% 05/30/2025 | 9.191% | 2,166,102 | 2,153,204 | |
PNMAC GMSR Issuer Trust(a),(b) | ||||
CMO Series 2018-GT1 Class A | ||||
1-month Term SOFR + 2.964% Floor 2.850% 02/25/2025 | 8.289% | 26,000,000 | 25,999,828 | |
CMO Series 2018-GT2 Class A | ||||
1-month Term SOFR + 2.764% 08/25/2025 | 8.089% | 38,450,000 | 38,427,184 | |
Point Securitization Trust(a),(d) | ||||
CMO Series 2021-1 Class A1 | ||||
02/25/2052 | 3.228% | 8,991,688 | 7,957,090 | |
Preston Ridge Partners Mortgage Trust(a),(d) | ||||
CMO Series 2021-1 Class A1 | ||||
01/25/2026 | 2.115% | 10,194,413 | 9,727,551 | |
CMO Series 2021-2 Class A1 | ||||
03/25/2026 | 2.115% | 3,928,745 | 3,743,609 | |
CMO Series 2021-3 Class A1 | ||||
04/25/2026 | 1.867% | 10,559,188 | 9,977,229 | |
CMO Series 2021-7 Class A1 | ||||
08/25/2026 | 1.867% | 5,475,097 | 5,128,399 | |
CMO Series 2021-8 Class A1 | ||||
09/25/2026 | 1.743% | 4,472,450 | 4,149,574 | |
Pretium Mortgage Credit Partners(a),(d) | ||||
CMO Series 2022-NPL1 Class A1 | ||||
01/25/2052 | 2.981% | 15,695,882 | 14,668,097 | |
Pretium Mortgage Credit Partners I LLC(a),(d) | ||||
CMO Series 2021-NPL2 Class A1 | ||||
06/27/2060 | 1.992% | 7,043,385 | 6,492,210 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Pretium Mortgage Credit Partners LLC(a),(d) | ||||
CMO Series 2021-RN2 Class A1 | ||||
07/25/2051 | 1.744% | 4,118,944 | 3,808,839 | |
PRPM LLC(a),(d) | ||||
CMO Series 2021-RPL1 Class A1 | ||||
07/25/2051 | 1.319% | 3,910,445 | 3,390,242 | |
Residential Mortgage Loan Trust(a),(d) | ||||
CMO Series 2019-3 Class A3 | ||||
09/25/2059 | 3.044% | 109,014 | 104,738 | |
Saluda Grade Alternative Mortgage Trust(a) | ||||
CMO Series 2020-FIG1 Class A1 | ||||
09/25/2050 | 3.568% | 3,084,865 | 2,941,390 | |
SG Residential Mortgage Trust(a),(d) | ||||
CMO Series 2019-3 Class M1 | ||||
09/25/2059 | 3.526% | 3,801,000 | 3,436,312 | |
Stanwich Mortgage Loan Co. LLC(a),(d) | ||||
CMO Series 2021-NPB1 Class A1 | ||||
10/16/2026 | 2.735% | 6,811,140 | 6,137,410 | |
Starwood Mortgage Residential Trust(a),(d) | ||||
CMO Series 2020-3 Class M1 | ||||
04/25/2065 | 3.544% | 6,500,000 | 4,915,784 | |
CMO Series 2021-3 Class A1 | ||||
06/25/2056 | 1.127% | 2,085,554 | 1,609,416 | |
CMO Series 2021-6 Class A3 | ||||
11/25/2066 | 2.933% | 13,954,000 | 7,947,431 | |
CMO Series 2022-2 Class A1 | ||||
02/25/2067 | 3.136% | 2,751,797 | 2,419,295 | |
Stonnington Mortgage Trust(a),(c),(d),(i) | ||||
CMO Series 2020-1 Class A | ||||
07/28/2024 | 5.500% | 393,784 | 387,877 | |
Toorak Mortgage Corp., Ltd.(a),(d) | ||||
CMO Series 2021-1 Class A1 | ||||
06/25/2024 | 2.240% | 10,193,354 | 9,861,581 | |
Triangle Re Ltd.(a),(b) | ||||
CMO Series 2021-2 Class M1B | ||||
1-month Term SOFR + 2.714% Floor 2.600% 10/25/2033 | 8.039% | 2,870,776 | 2,874,624 | |
Unlock HEA Trust(a) | ||||
CMO Series 2023-1 Class A | ||||
10/25/2038 | 7.000% | 7,800,000 | 7,171,147 | |
VCAT Asset Securitization LLC(a),(d) | ||||
CMO Series 2021-NPL3 Class A2 | ||||
05/25/2051 | 3.967% | 3,980,000 | 3,131,196 | |
CMO Series 2021-NPL6 Class A1 | ||||
09/25/2051 | 1.917% | 8,125,414 | 7,494,606 | |
VCAT LLC(a),(d) | ||||
CMO Series 2021-NPL4 Class A2 | ||||
08/25/2051 | 3.844% | 7,000,000 | 5,733,408 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 27 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2021-NPL5 Class A1 | ||||
08/25/2051 | 1.868% | 8,923,930 | 8,339,336 | |
CMO Series 2021-NPL5 Class A2 | ||||
08/25/2051 | 3.844% | 7,500,000 | 5,795,035 | |
Vericrest Opportunity Loan Transferee CVI LLC(a),(d) | ||||
CMO Series 2021-NP12 Class A1 | ||||
12/26/2051 | 2.734% | 17,967,405 | 16,174,941 | |
Vericrest Opportunity Loan Transferee XCIX LLC(a),(d) | ||||
CMO Series 2021-NPL8 Class A1 | ||||
04/25/2051 | 2.116% | 4,550,518 | 4,293,896 | |
Vericrest Opportunity Loan Transferee XCVI LLC(a),(d) | ||||
CMO Series 2021-NPL5 Class A1 | ||||
03/27/2051 | 2.116% | 5,435,109 | 5,148,599 | |
Verus Securitization Trust(a),(d) | ||||
CMO Series 2020-1 Class M1 | ||||
01/25/2060 | 3.021% | 13,245,000 | 10,396,255 | |
CMO Series 2020-4 Class M1 | ||||
05/25/2065 | 3.291% | 4,000,000 | 3,297,334 | |
CMO Series 2021-5 Class A2 | ||||
09/25/2066 | 1.218% | 1,937,026 | 1,475,712 | |
CMO Series 2021-5 Class A3 | ||||
09/25/2066 | 1.373% | 3,667,581 | 2,787,412 | |
CMO Series 2021-5 Class M1 | ||||
09/25/2066 | 2.331% | 2,600,000 | 1,370,009 | |
CMO Series 2021-7 Class A3 | ||||
10/25/2066 | 2.240% | 6,407,429 | 5,093,563 | |
CMO Series 2021-R1 Class A1 | ||||
10/25/2063 | 0.820% | 1,625,233 | 1,457,477 | |
Subordinated CMO Series 2021-8 Class B1 | ||||
11/25/2066 | 4.242% | 12,412,000 | 7,614,481 | |
Visio Trust(a),(d) | ||||
CMO Series 2019-2 Class A3 | ||||
11/25/2054 | 3.076% | 803,226 | 740,282 | |
Visio Trust(a) | ||||
CMO Series 2021-1R Class A1 | ||||
05/25/2056 | 1.280% | 6,455,002 | 5,839,719 | |
CMO Series 2021-1R Class A2 | ||||
05/25/2056 | 1.484% | 2,046,842 | 1,845,345 | |
Total Residential Mortgage-Backed Securities - Non-Agency (Cost $762,481,230) | 709,424,471 | |||
Senior Loans 0.1% | ||||
Borrower | Coupon Rate | Principal Amount ($) | Value ($) | |
Chemicals 0.0% | ||||
WR Grace Holdings LLC(b),(o) | ||||
Term Loan | ||||
3-month Term SOFR + 3.750% Floor 0.500% 09/22/2028 | 9.402% | 515,812 | 505,068 | |
Consumer Cyclical Services 0.0% | ||||
8th Avenue Food & Provisions, Inc.(b),(o) | ||||
1st Lien Term Loan | ||||
1-month Term SOFR + 3.750% 10/01/2025 | 9.189% | 377,839 | 355,935 | |
2nd Lien Term Loan | ||||
1-month Term SOFR + 7.750% 10/01/2026 | 13.189% | 32,969 | 24,782 | |
Total | 380,717 | |||
Media and Entertainment 0.0% | ||||
Cengage Learning, Inc.(b),(o) | ||||
Tranche B 1st Lien Term Loan | ||||
3-month Term SOFR + 4.750% Floor 1.000% 07/14/2026 | 10.405% | 705,556 | 697,139 | |
Technology 0.1% | ||||
Ascend Learning LLC(b),(o) | ||||
1st Lien Term Loan | ||||
1-month Term SOFR + 3.500% Floor 0.500% 12/11/2028 | 8.924% | 747,098 | 693,636 | |
2nd Lien Term Loan | ||||
1-month Term SOFR + 5.750% Floor 0.500% 12/10/2029 | 11.174% | 338,000 | 284,200 | |
DCert Buyer, Inc.(b),(o) | ||||
2nd Lien Term Loan | ||||
1-month Term SOFR + 7.000% 02/19/2029 | 12.324% | 404,000 | 360,235 | |
UKG, Inc.(b),(o) | ||||
1st Lien Term Loan | ||||
3-month Term SOFR + 3.250% Floor 0.500% 05/04/2026 | 8.764% | 334,860 | 332,803 | |
2nd Lien Term Loan | ||||
3-month Term SOFR + 5.250% Floor 0.500% 05/03/2027 | 10.764% | 657,000 | 655,522 | |
Total | 2,326,396 | |||
Total Senior Loans (Cost $4,074,494) | 3,909,320 | |||
28 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
U.S. Treasury Obligations 1.8% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury | ||||
06/30/2025 | 2.750% | 20,000,000 | 19,234,375 | |
08/15/2025 | 2.000% | 15,000,000 | 14,201,367 | |
08/15/2045 | 2.875% | 14,000,000 | 9,638,125 | |
02/15/2046 | 2.500% | 9,000,000 | 5,722,031 | |
Total U.S. Treasury Obligations (Cost $54,385,039) | 48,795,898 |
Call Option Contracts Purchased 0.0% | ||||
Value ($) | ||||
(Cost $9,086,790) | 5,217 |
Money Market Funds 2.8% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.630%(p),(q) | 75,457,531 | 75,434,893 |
Total Money Market Funds (Cost $75,419,159) | 75,434,893 | |
Total Investments in Securities (Cost: $3,817,401,594) | 3,469,429,062 | |
Other Assets & Liabilities, Net | (756,685,729) | |
Net Assets | 2,712,743,333 |
Forward foreign currency exchange contracts | |||||
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) |
3,494,900 EUR | 3,710,336 USD | Citi | 12/07/2023 | 6,575 | — |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
3-Month SONIA | 994 | 03/2026 | GBP | 237,826,925 | 296,299 | — |
Long Gilt | 465 | 12/2023 | GBP | 43,319,400 | 989,068 | — |
U.S. Treasury 5-Year Note | 8,572 | 12/2023 | USD | 895,573,098 | — | (14,321,114) |
U.S. Treasury Ultra Bond | 117 | 12/2023 | USD | 13,169,813 | — | (634,570) |
Total | 1,285,367 | (14,955,684) |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
3-Month SOFR | (1,850) | 03/2025 | USD | (441,016,875) | 1,721,717 | — |
3-Month SOFR | (1,225) | 03/2026 | USD | (293,571,250) | — | (152,666) |
U.S. Long Bond | (510) | 12/2023 | USD | (55,813,125) | 5,035,383 | — |
U.S. Treasury 10-Year Note | (2,109) | 12/2023 | USD | (223,916,484) | 267,065 | — |
U.S. Treasury 10-Year Note | (872) | 12/2023 | USD | (92,581,875) | — | (434,226) |
U.S. Treasury 2-Year Note | (376) | 12/2023 | USD | (76,110,625) | 382,606 | — |
Total | 7,406,771 | (586,892) |
Call option contracts purchased | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Cost ($) | Value ($) |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay SOFR | Citi | USD | 113,470,000 | 113,470,000 | 3.30 | 11/14/2023 | 3,631,040 | 23 |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay SOFR | Citi | USD | 135,000,000 | 135,000,000 | 3.30 | 11/30/2023 | 3,577,500 | 1,201 |
10-Year OTC interest rate swap with Morgan Stanley to receive exercise rate and pay SOFR | Morgan Stanley | USD | 55,000,000 | 55,000,000 | 3.00 | 01/10/2024 | 1,878,250 | 3,993 |
Total | 9,086,790 | 5,217 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 29 |
October 31, 2023 (Unaudited)
Put option contracts written | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Premium received ($) | Value ($) |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay SOFR | Citi | USD | (99,230,000) | (99,230,000) | 5.10 | 12/27/2023 | (275,363) | (348,396) |
Credit default swap contracts - buy protection | ||||||||||||
Reference entity | Counterparty | Maturity date | Pay fixed rate (%) | Payment frequency | Notional currency | Notional amount | Value ($) | Periodic payments receivable (payable) ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Markit CMBX North America Index, Series 11 BBB- | Citi | 11/18/2054 | 3.000 | Monthly | USD | 7,000,000 | 1,725,381 | (4,083) | 1,746,980 | — | — | (25,682) |
Markit CMBX North America Index, Series 12 BBB- | Citi | 08/17/2061 | 3.000 | Monthly | USD | 5,800,000 | 1,876,237 | (3,383) | 1,568,004 | — | 304,850 | — |
Markit CMBX North America Index, Series 11 BBB- | Goldman Sachs International | 11/18/2054 | 3.000 | Monthly | USD | 1,700,000 | 419,021 | (992) | 254,451 | — | 163,578 | — |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | USD | 8,000,000 | 2,637,685 | (4,667) | 318,328 | — | 2,314,690 | — |
Markit CMBX North America Index, Series 11 BBB- | JPMorgan | 11/18/2054 | 3.000 | Monthly | USD | 1,700,000 | 419,022 | (992) | 56,256 | — | 361,774 | — |
Markit CMBX North America Index, Series 11 BBB- | Morgan Stanley | 11/17/2059 | 3.000 | Monthly | USD | 1,000,000 | 329,711 | (583) | 56,921 | — | 272,207 | — |
Markit CMBX North America Index, Series 16 BBB- | Morgan Stanley | 04/17/2065 | 3.000 | Monthly | USD | 5,780,000 | 1,603,850 | (3,372) | 1,336,590 | — | 263,888 | — |
Total | 9,010,907 | (18,072) | 5,337,530 | — | 3,680,987 | (25,682) |
Cleared credit default swap contracts - buy protection | |||||||||||
Reference entity | Counterparty | Maturity date | Pay fixed rate (%) | Payment frequency | Notional currency | Notional amount | Value ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Markit CDX North America High Yield Index, Series 41 | Morgan Stanley | 12/20/2028 | 5.000 | Quarterly | USD | 89,362,000 | 499,907 | — | — | 499,907 | — |
Credit default swap contracts - sell protection | |||||||||||||
Reference entity | Counterparty | Maturity date | Receive fixed rate (%) | Payment frequency | Implied credit spread (%)* | Notional currency | Notional amount | Value ($) | Periodic payments receivable (payable) ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Markit CMBX North America Index, Series 10 BBB- | Citi | 11/17/2059 | 3.000 | Monthly | 18.519 | USD | 4,000,000 | (1,318,842) | 2,333 | — | (852,964) | — | (463,545) |
Markit CMBX North America Index, Series 10 BBB- | Citi | 11/17/2059 | 3.000 | Monthly | 18.519 | USD | 7,000,000 | (2,307,974) | 4,083 | — | (818,986) | — | (1,484,905) |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | 18.519 | USD | 5,000,000 | (1,648,553) | 2,917 | — | (1,055,869) | — | (589,767) |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | 18.519 | USD | 5,000,000 | (1,648,554) | 2,917 | — | (817,912) | — | (827,725) |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | 18.519 | USD | 5,000,000 | (1,648,553) | 2,917 | — | (787,599) | — | (858,037) |
30 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Credit default swap contracts - sell protection (continued) | |||||||||||||
Reference entity | Counterparty | Maturity date | Receive fixed rate (%) | Payment frequency | Implied credit spread (%)* | Notional currency | Notional amount | Value ($) | Periodic payments receivable (payable) ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Markit CMBX North America Index, Series 10 BBB- | Morgan Stanley | 11/17/2059 | 3.000 | Monthly | 18.519 | USD | 3,000,000 | (989,132) | 1,750 | — | (556,404) | — | (430,978) |
Markit CMBX North America Index, Series 8 BBB- | Morgan Stanley | 10/17/2057 | 3.000 | Monthly | 30.340 | USD | 7,000,000 | (1,465,363) | 4,083 | — | (1,405,531) | — | (55,749) |
Total | (11,026,971) | 21,000 | — | (6,295,265) | — | (4,710,706) |
(a) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At October 31, 2023, the total value of these securities amounted to $1,558,449,894, which represents 57.45% of total net assets. |
(b) | Variable rate security. The interest rate shown was the current rate as of October 31, 2023. |
(c) | Valuation based on significant unobservable inputs. |
(d) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of October 31, 2023. |
(e) | Non-income producing investment. |
(f) | Principal amounts are denominated in United States Dollars unless otherwise noted. |
(g) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of October 31, 2023. |
(h) | Represents a security purchased on a when-issued basis. |
(i) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At October 31, 2023, the total value of these securities amounted to $428,946, which represents 0.02% of total net assets. |
(j) | Represents a security in default. |
(k) | Payment-in-kind security. Interest can be paid by issuing additional par of the security or in cash. |
(l) | Principal and interest may not be guaranteed by a governmental entity. |
(m) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(n) | Represents interest only securities which have the right to receive the monthly interest payments on an underlying pool of mortgage loans. |
(o) | The stated interest rate represents the weighted average interest rate at October 31, 2023 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. These base lending rates are primarily the LIBOR and other short-term rates. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan. |
(p) | The rate shown is the seven-day current annualized yield at October 31, 2023. |
(q) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended October 31, 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, 5.630% | ||||||||
214,376,314 | 764,134,202 | (903,073,505) | (2,118) | 75,434,893 | 7,474 | 3,814,672 | 75,457,531 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 31 |
October 31, 2023 (Unaudited)
CMO | Collateralized Mortgage Obligation |
CMT | Constant Maturity Treasury |
FHLMC | Federal Home Loan Mortgage Corporation |
SOFR | Secured Overnight Financing Rate |
STRIPS | Separate Trading of Registered Interest and Principal Securities |
TBA | To Be Announced |
EUR | Euro |
GBP | British Pound |
USD | US Dollar |
�� | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Asset-Backed Securities — Non-Agency | — | 463,497,635 | 5,766,434 | 469,264,069 |
Commercial Mortgage-Backed Securities - Agency | — | 2,852,636 | — | 2,852,636 |
Commercial Mortgage-Backed Securities - Non-Agency | — | 88,915,074 | — | 88,915,074 |
32 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Common Stocks | ||||
Financials | 255,402 | — | — | 255,402 |
Industrials | 52,270 | — | — | 52,270 |
Total Common Stocks | 307,672 | — | — | 307,672 |
Convertible Bonds | — | 293,150 | — | 293,150 |
Corporate Bonds & Notes | — | 764,107,392 | 41,069 | 764,148,461 |
Foreign Government Obligations | — | 53,394,723 | — | 53,394,723 |
Residential Mortgage-Backed Securities - Agency | — | 1,252,683,478 | — | 1,252,683,478 |
Residential Mortgage-Backed Securities - Non-Agency | — | 680,966,218 | 28,458,253 | 709,424,471 |
Senior Loans | — | 3,909,320 | — | 3,909,320 |
U.S. Treasury Obligations | — | 48,795,898 | — | 48,795,898 |
Call Option Contracts Purchased | — | 5,217 | — | 5,217 |
Money Market Funds | 75,434,893 | — | — | 75,434,893 |
Total Investments in Securities | 75,742,565 | 3,359,420,741 | 34,265,756 | 3,469,429,062 |
Investments in Derivatives | ||||
Asset | ||||
Forward Foreign Currency Exchange Contracts | — | 6,575 | — | 6,575 |
Futures Contracts | 8,692,138 | — | — | 8,692,138 |
Swap Contracts | — | 4,180,894 | — | 4,180,894 |
Liability | ||||
Futures Contracts | (15,542,576) | — | — | (15,542,576) |
Put Option Contracts Written | — | (348,396) | — | (348,396) |
Swap Contracts | — | (4,736,388) | — | (4,736,388) |
Total | 68,892,127 | 3,358,523,426 | 34,265,756 | 3,461,681,309 |
Balance as of 04/30/2023 ($) | Increase (decrease) in accrued discounts/ premiums ($) | Realized gain (loss) ($) | Change in unrealized appreciation (depreciation)(a) ($) | Purchases ($) | Sales ($) | Transfers into Level 3 ($) | Transfers out of Level 3 ($) | Balance as of 10/31/2023 ($) | |
Asset-Backed Securities — Non-Agency | 16,858,904 | 45,422 | — | 31,814 | — | (4,187,206) | — | (6,982,500) | 5,766,434 |
Corporate Bonds & Notes | 41,069 | — | — | — | — | — | — | — | 41,069 |
Residential Mortgage-Backed Securities — Non-Agency | 51,697,995 | — | 19,720 | 1,075,649 | — | (24,335,111) | — | — | 28,458,253 |
Total | 68,597,968 | 45,422 | 19,720 | 1,107,463 | — | (28,522,317) | — | (6,982,500) | 34,265,756 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 33 |
October 31, 2023 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $3,732,895,645) | $3,393,988,952 |
Affiliated issuers (cost $75,419,159) | 75,434,893 |
Option contracts purchased (cost $9,086,790) | 5,217 |
Cash collateral held at broker for: | |
Swap contracts | 1,630,000 |
TBA | 6,830,289 |
Other(a) | 628,000 |
Margin deposits on: | |
Swap contracts | 5,534,850 |
Unrealized appreciation on forward foreign currency exchange contracts | 6,575 |
Unrealized appreciation on swap contracts | 3,680,987 |
Upfront payments on swap contracts | 5,337,530 |
Receivable for: | |
Investments sold | 2,114,290 |
Capital shares sold | 15,569,070 |
Dividends | 304,676 |
Interest | 19,631,431 |
Foreign tax reclaims | 7,870 |
Variation margin for futures contracts | 937,709 |
Trustees’ fees | 342,851 |
Expense reimbursement due from Investment Manager | 10,915 |
Prepaid expenses | 20,995 |
Other assets | 16,569 |
Total assets | 3,532,033,669 |
Liabilities | |
Option contracts written, at value (premiums received $275,363) | 348,396 |
Due to custodian | 689 |
Unrealized depreciation on swap contracts | 4,736,388 |
Upfront receipts on swap contracts | 6,295,265 |
Payable for: | |
Investments purchased | 30,243 |
Investments purchased on a delayed delivery basis | 785,908,697 |
Capital shares redeemed | 5,556,254 |
Distributions to shareholders | 14,270,286 |
Variation margin for futures contracts | 926,052 |
Variation margin for swap contracts | 390,710 |
Management services fees | 35,690 |
Distribution and/or service fees | 4,368 |
Transfer agent fees | 318,063 |
Trustees’ fees | 393,028 |
Compensation of chief compliance officer | 276 |
Other expenses | 75,931 |
Total liabilities | 819,290,336 |
Net assets applicable to outstanding capital stock | $2,712,743,333 |
Represented by | |
Paid in capital | 3,615,107,354 |
Total distributable earnings (loss) | (902,364,021) |
Total - representing net assets applicable to outstanding capital stock | $2,712,743,333 |
34 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Class A | |
Net assets | $550,848,104 |
Shares outstanding | 19,634,620 |
Net asset value per share | $28.05 |
Maximum sales charge | 3.00% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $28.92 |
Advisor Class | |
Net assets | $242,285,178 |
Shares outstanding | 8,646,755 |
Net asset value per share | $28.02 |
Class C | |
Net assets | $18,456,595 |
Shares outstanding | 657,822 |
Net asset value per share | $28.06 |
Institutional Class | |
Net assets | $1,260,448,845 |
Shares outstanding | 44,901,663 |
Net asset value per share | $28.07 |
Institutional 2 Class | |
Net assets | $242,836,983 |
Shares outstanding | 8,667,595 |
Net asset value per share | $28.02 |
Institutional 3 Class | |
Net assets | $391,275,926 |
Shares outstanding | 13,938,254 |
Net asset value per share | $28.07 |
Class R | |
Net assets | $6,591,702 |
Shares outstanding | 234,853 |
Net asset value per share | $28.07 |
(a) | Includes collateral related to option contracts purchased, option contracts written, forward foreign currency exchange contracts and swap contracts. |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 35 |
Six Months Ended October 31, 2023 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $3,814,672 |
Interest | 79,980,737 |
Interfund lending | 140 |
Foreign taxes withheld | (80,607) |
Total income | 83,714,942 |
Expenses: | |
Management services fees | 7,127,103 |
Distribution and/or service fees | |
Class A | 758,283 |
Class C | 93,208 |
Class R | 15,267 |
Transfer agent fees | |
Class A | 375,620 |
Advisor Class | 163,093 |
Class C | 11,546 |
Institutional Class | 830,330 |
Institutional 2 Class | 74,952 |
Institutional 3 Class | 13,642 |
Class R | 3,775 |
Trustees’ fees | 30,311 |
Custodian fees | 36,517 |
Printing and postage fees | 73,275 |
Registration fees | 114,408 |
Accounting services fees | 26,028 |
Legal fees | 24,814 |
Interest on collateral | 138,639 |
Compensation of chief compliance officer | 276 |
Other | 26,457 |
Total expenses | 9,937,544 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (2,127,397) |
Fees waived by transfer agent | |
Institutional 2 Class | (4,520) |
Institutional 3 Class | (9,242) |
Expense reduction | (1,477) |
Total net expenses | 7,794,908 |
Net investment income | 75,920,034 |
36 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
Six Months Ended October 31, 2023 (Unaudited)
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | $(79,733,271) |
Investments — affiliated issuers | 7,474 |
Foreign currency translations | (6,942) |
Forward foreign currency exchange contracts | 171,055 |
Futures contracts | (41,911,827) |
Option contracts purchased | (18,540,408) |
Option contracts written | 5,102,293 |
Swap contracts | (2,853,333) |
Net realized loss | (137,764,959) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (107,361,326) |
Investments — affiliated issuers | (2,118) |
Foreign currency translations | (2,945) |
Forward foreign currency exchange contracts | 16,934 |
Futures contracts | (21,300,014) |
Option contracts purchased | 8,926,822 |
Option contracts written | (4,449,540) |
Swap contracts | (92,223) |
Net change in unrealized appreciation (depreciation) | (124,264,410) |
Net realized and unrealized loss | (262,029,369) |
Net decrease in net assets resulting from operations | $(186,109,335) |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 37 |
Six Months Ended October 31, 2023 (Unaudited) | Year Ended April 30, 2023 | |
Operations | ||
Net investment income | $75,920,034 | $113,204,638 |
Net realized loss | (137,764,959) | (286,596,696) |
Net change in unrealized appreciation (depreciation) | (124,264,410) | 62,495,596 |
Net decrease in net assets resulting from operations | (186,109,335) | (110,896,462) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (14,284,790) | (20,978,581) |
Advisor Class | (6,538,202) | (10,698,456) |
Class C | (374,055) | (389,030) |
Institutional Class | (33,340,120) | (47,006,366) |
Institutional 2 Class | (6,900,694) | (5,384,392) |
Institutional 3 Class | (11,815,106) | (12,457,516) |
Class R | (138,924) | (181,261) |
Total distributions to shareholders | (73,391,891) | (97,095,602) |
Increase (decrease) in net assets from capital stock activity | 169,447,365 | (182,861,501) |
Total decrease in net assets | (90,053,861) | (390,853,565) |
Net assets at beginning of period | 2,802,797,194 | 3,193,650,759 |
Net assets at end of period | $2,712,743,333 | $2,802,797,194 |
38 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
Six Months Ended | Year Ended | |||
October 31, 2023 (Unaudited) | April 30, 2023 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Shares sold | 1,226,362 | 36,472,058 | 2,905,622 | 89,205,065 |
Distributions reinvested | 466,011 | 13,659,923 | 658,285 | 20,098,093 |
Shares redeemed | (2,304,792) | (67,776,767) | (4,609,085) | (142,309,477) |
Net decrease | (612,419) | (17,644,786) | (1,045,178) | (33,006,319) |
Advisor Class | ||||
Shares sold | 1,202,288 | 35,704,535 | 2,384,891 | 73,731,809 |
Distributions reinvested | 220,375 | 6,450,966 | 340,701 | 10,402,385 |
Shares redeemed | (1,401,048) | (41,105,958) | (5,034,516) | (154,910,307) |
Net increase (decrease) | 21,615 | 1,049,543 | (2,308,924) | (70,776,113) |
Class C | ||||
Shares sold | 219,648 | 6,525,904 | 211,304 | 6,480,416 |
Distributions reinvested | 12,008 | 351,378 | 12,072 | 368,005 |
Shares redeemed | (108,891) | (3,194,246) | (186,563) | (5,739,939) |
Net increase | 122,765 | 3,683,036 | 36,813 | 1,108,482 |
Institutional Class | ||||
Shares sold | 9,340,202 | 277,311,031 | 18,265,651 | 562,848,690 |
Distributions reinvested | 1,079,036 | 31,633,562 | 1,436,661 | 43,885,983 |
Shares redeemed | (8,099,533) | (238,097,471) | (22,689,272) | (693,946,716) |
Net increase (decrease) | 2,319,705 | 70,847,122 | (2,986,960) | (87,212,043) |
Institutional 2 Class | ||||
Shares sold | 1,392,850 | 41,165,961 | 7,214,082 | 220,022,628 |
Distributions reinvested | 235,672 | 6,899,660 | 175,765 | 5,378,164 |
Shares redeemed | (1,901,679) | (55,422,567) | (4,822,569) | (151,546,763) |
Net increase (decrease) | (273,157) | (7,356,946) | 2,567,278 | 73,854,029 |
Institutional 3 Class | ||||
Shares sold | 9,752,987 | 294,403,374 | 5,350,071 | 164,475,815 |
Distributions reinvested | 277,438 | 8,136,416 | 222,256 | 6,795,490 |
Shares redeemed | (6,287,963) | (185,767,671) | (7,719,233) | (237,241,565) |
Net increase (decrease) | 3,742,462 | 116,772,119 | (2,146,906) | (65,970,260) |
Class R | ||||
Shares sold | 89,952 | 2,659,467 | 28,342 | 869,254 |
Distributions reinvested | 4,720 | 137,945 | 5,849 | 178,470 |
Shares redeemed | (24,324) | (700,135) | (62,951) | (1,907,001) |
Net increase (decrease) | 70,348 | 2,097,277 | (28,760) | (859,277) |
Total net increase (decrease) | 5,391,319 | 169,447,365 | (5,912,637) | (182,861,501) |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 39 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $30.70 | 0.74 | (2.68) | (1.94) | (0.71) | — | (0.71) |
Year Ended 4/30/2023 | $32.85 | 1.24 | (2.34) | (1.10) | (1.05) | — | (1.05) |
Year Ended 4/30/2022 | $37.76 | 0.91 | (4.87) | (3.96) | (0.87) | (0.08) | (0.95) |
Year Ended 4/30/2021(e) | $36.96 | 1.16 | 2.64 | 3.80 | (1.13) | (1.87) | (3.00) |
Year Ended 4/30/2020(e) | $36.19 | 1.12 | 1.17 | 2.29 | (1.04) | (0.48) | (1.52) |
Year Ended 4/30/2019(e) | $35.33 | 1.12 | 0.74 | 1.86 | (1.00) | — | (1.00) |
Advisor Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $30.66 | 0.77 | (2.66) | (1.89) | (0.75) | — | (0.75) |
Year Ended 4/30/2023 | $32.81 | 1.30 | (2.32) | (1.02) | (1.13) | — | (1.13) |
Year Ended 4/30/2022 | $37.71 | 0.98 | (4.84) | (3.86) | (0.96) | (0.08) | (1.04) |
Year Ended 4/30/2021(e) | $36.91 | 1.26 | 2.64 | 3.90 | (1.23) | (1.87) | (3.10) |
Year Ended 4/30/2020(e) | $36.16 | 1.20 | 1.15 | 2.35 | (1.12) | (0.48) | (1.60) |
Year Ended 4/30/2019(e) | $35.29 | 1.24 | 0.75 | 1.99 | (1.12) | — | (1.12) |
Class C | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $30.70 | 0.62 | (2.66) | (2.04) | (0.60) | — | (0.60) |
Year Ended 4/30/2023 | $32.85 | 1.01 | (2.34) | (1.33) | (0.82) | — | (0.82) |
Year Ended 4/30/2022 | $37.77 | 0.64 | (4.89) | (4.25) | (0.59) | (0.08) | (0.67) |
Year Ended 4/30/2021(e) | $36.96 | 0.87 | 2.65 | 3.52 | (0.84) | (1.87) | (2.71) |
Year Ended 4/30/2020(e) | $36.19 | 0.84 | 1.17 | 2.01 | (0.76) | (0.48) | (1.24) |
Year Ended 4/30/2019(e) | $35.33 | 0.84 | 0.78 | 1.62 | (0.76) | — | (0.76) |
Institutional Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $30.72 | 0.77 | (2.67) | (1.90) | (0.75) | — | (0.75) |
Year Ended 4/30/2023 | $32.87 | 1.31 | (2.33) | (1.02) | (1.13) | — | (1.13) |
Year Ended 4/30/2022 | $37.78 | 1.01 | (4.87) | (3.86) | (0.97) | (0.08) | (1.05) |
Year Ended 4/30/2021(e) | $36.98 | 1.26 | 2.64 | 3.90 | (1.23) | (1.87) | (3.10) |
Year Ended 4/30/2020(e) | $36.21 | 1.24 | 1.13 | 2.37 | (1.12) | (0.48) | (1.60) |
Year Ended 4/30/2019(e) | $35.34 | 1.20 | 0.79 | 1.99 | (1.12) | — | (1.12) |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $30.66 | 0.78 | (2.66) | (1.88) | (0.76) | — | (0.76) |
Year Ended 4/30/2023 | $32.81 | 1.35 | (2.35) | (1.00) | (1.15) | — | (1.15) |
Year Ended 4/30/2022 | $37.71 | 1.03 | (4.86) | (3.83) | (0.99) | (0.08) | (1.07) |
Year Ended 4/30/2021(e) | $36.91 | 1.28 | 2.64 | 3.92 | (1.25) | (1.87) | (3.12) |
Year Ended 4/30/2020(e) | $36.15 | 1.24 | 1.16 | 2.40 | (1.16) | (0.48) | (1.64) |
Year Ended 4/30/2019(e) | $35.29 | 1.28 | 0.70 | 1.98 | (1.12) | — | (1.12) |
40 | Columbia Total Return 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 10/31/2023 (Unaudited) | $28.05 | (6.40%) | 0.89%(c) | 0.74%(c),(d) | 4.90% | 125% | $550,848 |
Year Ended 4/30/2023 | $30.70 | (3.27%) | 0.90%(c) | 0.75%(c),(d) | 4.02% | 247% | $621,570 |
Year Ended 4/30/2022 | $32.85 | (10.72%) | 0.87%(c) | 0.74%(c),(d) | 2.48% | 173% | $699,471 |
Year Ended 4/30/2021(e) | $37.76 | 10.36% | 0.88%(c) | 0.74%(c),(d) | 3.00% | 295% | $786,976 |
Year Ended 4/30/2020(e) | $36.96 | 6.34% | 0.90%(c) | 0.74%(c),(d) | 3.05% | 272% | $694,852 |
Year Ended 4/30/2019(e) | $36.19 | 5.45% | 0.91%(c) | 0.86%(c),(d) | 3.19% | 262% | $681,416 |
Advisor Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $28.02 | (6.26%) | 0.64%(c) | 0.49%(c),(d) | 5.16% | 125% | $242,285 |
Year Ended 4/30/2023 | $30.66 | (3.04%) | 0.64%(c) | 0.50%(c),(d) | 4.24% | 247% | $264,456 |
Year Ended 4/30/2022 | $32.81 | (10.49%) | 0.62%(c) | 0.49%(c),(d) | 2.69% | 173% | $358,749 |
Year Ended 4/30/2021(e) | $37.71 | 10.62% | 0.63%(c) | 0.49%(c),(d) | 3.27% | 295% | $159,565 |
Year Ended 4/30/2020(e) | $36.91 | 6.61% | 0.65%(c) | 0.49%(c),(d) | 3.32% | 272% | $93,369 |
Year Ended 4/30/2019(e) | $36.16 | 5.72% | 0.66%(c) | 0.61%(c),(d) | 3.53% | 262% | $15,272 |
Class C | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $28.06 | (6.72%) | 1.64%(c) | 1.50%(c),(d) | 4.16% | 125% | $18,457 |
Year Ended 4/30/2023 | $30.70 | (3.99%) | 1.65%(c) | 1.50%(c),(d) | 3.28% | 247% | $16,428 |
Year Ended 4/30/2022 | $32.85 | (11.42%) | 1.62%(c) | 1.49%(c),(d) | 1.73% | 173% | $16,370 |
Year Ended 4/30/2021(e) | $37.77 | 9.57% | 1.63%(c) | 1.49%(c),(d) | 2.25% | 295% | $20,492 |
Year Ended 4/30/2020(e) | $36.96 | 5.55% | 1.65%(c) | 1.50%(c),(d) | 2.30% | 272% | $20,696 |
Year Ended 4/30/2019(e) | $36.19 | 4.66% | 1.66%(c) | 1.61%(c),(d) | 2.37% | 262% | $18,905 |
Institutional Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $28.07 | (6.27%) | 0.64%(c) | 0.49%(c),(d) | 5.16% | 125% | $1,260,449 |
Year Ended 4/30/2023 | $30.72 | (3.02%) | 0.65%(c) | 0.50%(c),(d) | 4.26% | 247% | $1,307,981 |
Year Ended 4/30/2022 | $32.87 | (10.49%) | 0.62%(c) | 0.49%(c),(d) | 2.75% | 173% | $1,497,858 |
Year Ended 4/30/2021(e) | $37.78 | 10.70% | 0.63%(c) | 0.49%(c),(d) | 3.26% | 295% | $1,062,540 |
Year Ended 4/30/2020(e) | $36.98 | 6.61% | 0.65%(c) | 0.49%(c),(d) | 3.30% | 272% | $710,558 |
Year Ended 4/30/2019(e) | $36.21 | 5.60% | 0.66%(c) | 0.61%(c),(d) | 3.42% | 262% | $949,377 |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $28.02 | (6.22%) | 0.57%(c) | 0.42%(c) | 5.23% | 125% | $242,837 |
Year Ended 4/30/2023 | $30.66 | (2.96%) | 0.57%(c) | 0.42%(c) | 4.40% | 247% | $274,094 |
Year Ended 4/30/2022 | $32.81 | (10.43%) | 0.55%(c) | 0.42%(c) | 2.80% | 173% | $209,091 |
Year Ended 4/30/2021(e) | $37.71 | 10.69% | 0.57%(c) | 0.43%(c) | 3.33% | 295% | $155,945 |
Year Ended 4/30/2020(e) | $36.91 | 6.69% | 0.57%(c) | 0.42%(c) | 3.38% | 272% | $84,295 |
Year Ended 4/30/2019(e) | $36.15 | 5.81% | 0.58%(c) | 0.53%(c) | 3.64% | 262% | $80,083 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 41 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $30.72 | 0.79 | (2.67) | (1.88) | (0.77) | — | (0.77) |
Year Ended 4/30/2023 | $32.87 | 1.35 | (2.33) | (0.98) | (1.17) | — | (1.17) |
Year Ended 4/30/2022 | $37.79 | 1.05 | (4.88) | (3.83) | (1.01) | (0.08) | (1.09) |
Year Ended 4/30/2021(e) | $36.98 | 1.29 | 2.66 | 3.95 | (1.27) | (1.87) | (3.14) |
Year Ended 4/30/2020(e) | $36.21 | 1.24 | 1.17 | 2.41 | (1.16) | (0.48) | (1.64) |
Year Ended 4/30/2019(e) | $35.35 | 1.28 | 0.74 | 2.02 | (1.16) | — | (1.16) |
Class R | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $30.71 | 0.70 | (2.67) | (1.97) | (0.67) | — | (0.67) |
Year Ended 4/30/2023 | $32.87 | 1.15 | (2.33) | (1.18) | (0.98) | — | (0.98) |
Year Ended 4/30/2022 | $37.78 | 0.82 | (4.87) | (4.05) | (0.78) | (0.08) | (0.86) |
Year Ended 4/30/2021(e) | $36.97 | 1.06 | 2.66 | 3.72 | (1.04) | (1.87) | (2.91) |
Year Ended 4/30/2020(e) | $36.20 | 1.04 | 1.17 | 2.21 | (0.96) | (0.48) | (1.44) |
Year Ended 4/30/2019(e) | $35.33 | 1.04 | 0.75 | 1.79 | (0.92) | — | (0.92) |
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) | Ratios include interest on collateral expense. For the periods indicated below, if interest on collateral expense had been excluded, expenses would have been lower by: |
Class | 10/31/2023 | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | 4/30/2019 |
Class A | 0.01% | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
Advisor Class | 0.01% | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
Class C | 0.01% | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
Institutional Class | 0.01% | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
Institutional 2 Class | 0.01% | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
Institutional 3 Class | 0.01% | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
Class R | 0.01% | 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Per share amounts have been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
42 | Columbia Total Return 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 10/31/2023 (Unaudited) | $28.07 | (6.22%) | 0.52%(c) | 0.37%(c) | 5.29% | 125% | $391,276 |
Year Ended 4/30/2023 | $30.72 | (2.90%) | 0.52%(c) | 0.37%(c) | 4.38% | 247% | $313,215 |
Year Ended 4/30/2022 | $32.87 | (10.41%) | 0.50%(c) | 0.37%(c) | 2.85% | 173% | $405,759 |
Year Ended 4/30/2021(e) | $37.79 | 10.73% | 0.52%(c) | 0.38%(c) | 3.32% | 295% | $354,336 |
Year Ended 4/30/2020(e) | $36.98 | 6.86% | 0.53%(c) | 0.37%(c) | 3.42% | 272% | $525,287 |
Year Ended 4/30/2019(e) | $36.21 | 5.73% | 0.53%(c) | 0.49%(c) | 3.56% | 262% | $258,172 |
Class R | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $28.07 | (6.48%) | 1.14%(c) | 0.99%(c),(d) | 4.69% | 125% | $6,592 |
Year Ended 4/30/2023 | $30.71 | (3.54%) | 1.15%(c) | 1.00%(c),(d) | 3.75% | 247% | $5,052 |
Year Ended 4/30/2022 | $32.87 | (10.94%) | 1.12%(c) | 0.99%(c),(d) | 2.24% | 173% | $6,352 |
Year Ended 4/30/2021(e) | $37.78 | 10.15% | 1.13%(c) | 0.99%(c),(d) | 2.76% | 295% | $4,752 |
Year Ended 4/30/2020(e) | $36.97 | 6.08% | 1.15%(c) | 1.00%(c),(d) | 2.79% | 272% | $2,501 |
Year Ended 4/30/2019(e) | $36.20 | 5.19% | 1.16%(c) | 1.11%(c),(d) | 2.97% | 262% | $2,380 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 43 |
October 31, 2023 (Unaudited)
44 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2023 | 45 |
October 31, 2023 (Unaudited)
46 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2023 | 47 |
October 31, 2023 (Unaudited)
48 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2023 | 49 |
October 31, 2023 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Credit risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | 4,180,894* |
Credit risk | Upfront payments on swap contracts | 5,337,530 |
Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | 6,575 |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 8,692,138* |
Interest rate risk | Investments, at value — Option contracts purchased | 5,217 |
Total | 18,222,354 |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Credit risk | Component of total distributable earnings (loss) — unrealized depreciation on swap contracts | 4,736,388* |
Credit risk | Upfront receipts on swap contracts | 6,295,265 |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 15,542,576* |
Interest rate risk | Option contracts written, at value | 348,396 |
Total | 26,922,625 |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | ||||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Futures contracts ($) | Option contracts purchased ($) | Option contracts written ($) | Swap contracts ($) | Total ($) |
Credit risk | — | — | — | — | (2,853,333) | (2,853,333) |
Foreign exchange risk | 171,055 | — | — | — | — | 171,055 |
Interest rate risk | — | (41,911,827) | (18,540,408) | 5,102,293 | — | (55,349,942) |
Total | 171,055 | (41,911,827) | (18,540,408) | 5,102,293 | (2,853,333) | (58,032,220) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Futures contracts ($) | Option contracts purchased ($) | Option contracts written ($) | Swap contracts ($) | Total ($) |
Credit risk | — | — | — | — | (92,223) | (92,223) |
Foreign exchange risk | 16,934 | — | — | — | — | 16,934 |
Interest rate risk | — | (21,300,014) | 8,926,822 | (4,449,540) | — | (16,822,732) |
Total | 16,934 | (21,300,014) | 8,926,822 | (4,449,540) | (92,223) | (16,898,021) |
50 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Derivative instrument | Average notional amounts ($) |
Futures contracts — long | 1,160,390,729 |
Futures contracts — short | 604,157,126 |
Credit default swap contracts — buy protection | 220,788,827 |
Credit default swap contracts — sell protection | 39,709,677 |
Derivative instrument | Average value ($) |
Option contracts purchased | 3,966,555 |
Option contracts written | (387,844) |
Derivative instrument | Average unrealized appreciation ($) | Average unrealized depreciation ($) |
Forward foreign currency exchange contracts | 34,711 | (20,898) |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 51 |
October 31, 2023 (Unaudited)
52 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Citi ($)(a) | Citi ($)(a) | Goldman Sachs International ($) | JPMorgan ($) | Morgan Stanley ($)(a) | Morgan Stanley ($)(a) | Total ($) | |
Assets | |||||||
Forward foreign currency exchange contracts | 6,575 | - | - | - | - | - | 6,575 |
Call option contracts purchased | 1,224 | - | - | - | 3,993 | - | 5,217 |
OTC credit default swap contracts (b) | - | 3,619,834 | 418,029 | 3,051,048 | 1,929,606 | - | 9,018,517 |
Total assets | 7,799 | 3,619,834 | 418,029 | 3,051,048 | 1,933,599 | - | 9,030,309 |
Liabilities | |||||||
Centrally cleared credit default swap contracts (c) | - | - | - | - | - | 390,710 | 390,710 |
Put option contracts written | 348,396 | - | - | - | - | - | 348,396 |
OTC credit default swap contracts (b) | - | 3,646,082 | - | 4,936,909 | 2,448,662 | - | 11,031,653 |
Total liabilities | 348,396 | 3,646,082 | - | 4,936,909 | 2,448,662 | 390,710 | 11,770,759 |
Total financial and derivative net assets | (340,597) | (26,248) | 418,029 | (1,885,861) | (515,063) | (390,710) | (2,740,450) |
Total collateral received (pledged) (d) | (340,597) | - | 418,029 | (1,630,000) | (247,000) | (390,710) | (2,190,278) |
Net amount (e) | - | (26,248) | - | (255,861) | (268,063) | - | (550,172) |
(a) | Exposure can only be netted across transactions governed under the same master agreement with the same legal entity. |
(b) | Over-the-Counter (OTC) swap contracts are presented at market value plus periodic payments receivable (payable), which is comprised of unrealized appreciation, unrealized depreciation, upfront payments and upfront receipts. |
(c) | Centrally cleared swaps are included within payable/receivable for variation margin in the Statement of Assets and Liabilities. |
(d) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(e) | Represents the net amount due from/(to) counterparties in the event of default. |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 53 |
October 31, 2023 (Unaudited)
54 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2023 | 55 |
October 31, 2023 (Unaudited)
Effective rate (%) | |
Class A | 0.12 |
Advisor Class | 0.12 |
Class C | 0.12 |
Institutional Class | 0.12 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Class R | 0.12 |
56 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 3.00 | 0.50 - 1.00(a) | 191,254 |
Class C | — | 1.00(b) | 1,025 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
September 1, 2023 through August 31, 2024 | Prior to September 1, 2023 | |
Class A | 0.74% | 0.74% |
Advisor Class | 0.49 | 0.49 |
Class C | 1.49 | 1.49 |
Institutional Class | 0.49 | 0.49 |
Institutional 2 Class | 0.41 | 0.42 |
Institutional 3 Class | 0.37 | 0.37 |
Class R | 0.99 | 0.99 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 57 |
October 31, 2023 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
3,816,168,000 | 27,102,000 | (382,547,000) | (355,445,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(188,894,279) | (199,328,142) | (388,222,421) |
58 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 450,000 | 5.60 | 2 |
Columbia Total Return Bond Fund | Semiannual Report 2023 | 59 |
October 31, 2023 (Unaudited)
60 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2023 | 61 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to one or more benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
62 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
Columbia Total Return Bond Fund | Semiannual Report 2023 | 63 |
(Unaudited)
Investment Manager’s profitability. The Board reviewed the fees charged to comparable institutional or other accounts/vehicles managed by the Investment Manager and discussed differences in how the products are managed and operated, thus explaining many of the differences in fees.
64 | Columbia Total Return Bond Fund | Semiannual Report 2023 |
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/img3c4eda682.jpg)
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/img3697290a1.jpg)
October 31, 2023 (Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imgf465ea0d2.jpg)
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2023) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 03/31/08 | -6.56 | 0.92 | -0.25 | 0.69 |
Including sales charges | -11.01 | -3.87 | -1.21 | 0.21 | ||
Advisor Class | 11/08/12 | -6.45 | 1.16 | -0.01 | 0.94 | |
Class C | Excluding sales charges | 03/31/08 | -6.92 | 0.16 | -1.00 | -0.05 |
Including sales charges | -7.84 | -0.81 | -1.00 | -0.05 | ||
Institutional Class | 01/09/86 | -6.44 | 1.21 | 0.00 | 0.94 | |
Institutional 2 Class | 11/08/12 | -6.40 | 1.27 | 0.07 | 1.03 | |
Institutional 3 Class | 07/15/09 | -6.37 | 1.29 | 0.12 | 1.10 | |
Class R | 11/16/11 | -6.67 | 0.70 | -0.50 | 0.44 | |
Class V | Excluding sales charges | 03/07/11 | -6.49 | 1.05 | -0.17 | 0.79 |
Including sales charges | -10.93 | -3.76 | -1.12 | 0.30 | ||
Bloomberg U.S. Aggregate Bond Index | -6.13 | 0.36 | -0.06 | 0.88 |
Columbia Bond Fund | Semiannual Report 2023 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2023) | |
Asset-Backed Securities — Non-Agency | 18.3 |
Commercial Mortgage-Backed Securities - Agency | 0.1 |
Commercial Mortgage-Backed Securities - Non-Agency | 7.1 |
Common Stocks | 0.0(a) |
Corporate Bonds & Notes | 15.6 |
Money Market Funds | 3.4 |
Residential Mortgage-Backed Securities - Agency | 33.5 |
Residential Mortgage-Backed Securities - Non-Agency | 22.0 |
Total | 100.0 |
(a) | Rounds to zero. |
Quality breakdown (%) (at October 31, 2023) | |
AA rating | 62.9 |
A rating | 17.1 |
BBB rating | 14.5 |
BB rating | 0.1 |
Not rated | 5.4 |
Total | 100.0 |
4 | Columbia Bond Fund | Semiannual Report 2023 |
(Unaudited)
May 1, 2023 — October 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 | 934.40 | 1,021.55 | 3.74 | 3.90 | 0.76 |
Advisor Class | 1,000.00 | 1,000.00 | 935.50 | 1,022.82 | 2.51 | 2.62 | 0.51 |
Class C | 1,000.00 | 1,000.00 | 930.80 | 1,017.74 | 7.41 | 7.74 | 1.51 |
Institutional Class | 1,000.00 | 1,000.00 | 935.60 | 1,022.82 | 2.51 | 2.62 | 0.51 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 936.00 | 1,023.12 | 2.21 | 2.31 | 0.45 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 936.30 | 1,023.38 | 1.97 | 2.06 | 0.40 |
Class R | 1,000.00 | 1,000.00 | 933.30 | 1,020.28 | 4.96 | 5.18 | 1.01 |
Class V | 1,000.00 | 1,000.00 | 935.10 | 1,022.06 | 3.25 | 3.39 | 0.66 |
Columbia Bond Fund | Semiannual Report 2023 | 5 |
October 31, 2023 (Unaudited)
Asset-Backed Securities — Non-Agency 22.7% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
ACHV ABS Trust(a) | ||||
Subordinated Series 2023-1PL Class B | ||||
03/18/2030 | 6.800% | 2,000,000 | 1,997,767 | |
ACM Auto Trust(a) | ||||
Series 2023-2A Class A | ||||
06/20/2030 | 7.970% | 2,607,168 | 2,610,598 | |
Subordinated Series 2022-1A Class C | ||||
04/20/2029 | 5.480% | 766,323 | 765,315 | |
Affirm Asset Securitization Trust(a) | ||||
Series 2023-A Class 1A | ||||
01/18/2028 | 6.610% | 2,000,000 | 1,989,143 | |
Series 2023-A Class A | ||||
01/18/2028 | 6.610% | 2,900,000 | 2,884,257 | |
Series 2023-B Class A | ||||
09/15/2028 | 6.820% | 4,700,000 | 4,703,243 | |
American Credit Acceptance Receivables Trust(a) | ||||
Series 2023-2 Class A | ||||
10/13/2026 | 5.890% | 2,186,814 | 2,179,584 | |
Subordinated Series 2022-2 Class C | ||||
06/13/2028 | 4.410% | 5,000,000 | 4,935,203 | |
Avant Loans Funding Trust(a) | ||||
Subordinated Series 2021-REV1 Class B | ||||
07/15/2030 | 1.640% | 3,950,000 | 3,832,021 | |
Bain Capital Credit CLO Ltd.(a),(b) | ||||
Series 2018-1A Class B | ||||
3-month Term SOFR + 1.662% 04/23/2031 | 7.074% | 2,000,000 | 1,943,794 | |
Series 2020-5A Class A1 | ||||
3-month Term SOFR + 1.482% Floor 1.220% 01/20/2032 | 6.897% | 10,000,000 | 9,979,240 | |
Series 2020-5A Class C | ||||
3-month Term SOFR + 2.612% Floor 2.350% 01/20/2032 | 8.027% | 4,480,000 | 4,441,633 | |
Carlyle Global Market Strategies CLO Ltd.(a),(b) | ||||
Series 2016-1A Class A1R2 | ||||
3-month Term SOFR + 1.402% Floor 1.140% 04/20/2034 | 6.817% | 4,300,000 | 4,259,864 | |
Carlyle Group LP(a),(b) | ||||
Series 2017-5A Class A2 | ||||
3-month Term SOFR + 1.662% 01/20/2030 | 7.077% | 2,000,000 | 1,962,590 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Cent CLO Ltd.(a),(b) | ||||
Series 2018-C17A Class A2R | ||||
3-month Term SOFR + 1.862% Floor 1.600% 04/30/2031 | 7.252% | 1,800,000 | 1,775,131 | |
Dryden 83 CLO Ltd.(a),(b) | ||||
Series 2020-83A Class C | ||||
3-month Term SOFR + 2.412% Floor 2.150% 01/18/2032 | 7.807% | 5,000,000 | 4,840,610 | |
Dryden CLO Ltd.(a),(b) | ||||
Series 2018-57A Class B | ||||
3-month Term SOFR + 1.612% Floor 1.350% 05/15/2031 | 6.976% | 1,250,000 | 1,214,660 | |
DT Auto Owner Trust(a) | ||||
Series 2023-2A Class A | ||||
04/15/2027 | 5.880% | 6,297,112 | 6,277,949 | |
Subordinated Series 2021-3A Class C | ||||
05/17/2027 | 0.870% | 2,515,000 | 2,436,678 | |
Subordinated Series 2022-1A Class C | ||||
11/15/2027 | 2.960% | 2,850,000 | 2,762,652 | |
Subordinated Series 2023-3A Class B | ||||
03/15/2028 | 6.070% | 4,850,000 | 4,824,057 | |
Exeter Automobile Receivables Trust | ||||
Series 2023-2A Class A2 | ||||
11/17/2025 | 5.870% | 2,218,798 | 2,218,031 | |
Subordinated Series 2023-3A Class B | ||||
09/15/2027 | 6.110% | 800,000 | 794,571 | |
GLS Auto Receivables Issuer Trust(a) | ||||
Subordinated Series 2022-1A-B Class B | ||||
05/15/2026 | 2.840% | 1,900,000 | 1,873,104 | |
LendingPoint Asset Securitization Trust(a) | ||||
Subordinated Series 2022-A Class C | ||||
06/15/2029 | 2.820% | 1,430,000 | 1,395,636 | |
LendingPoint Pass-Through Trust(a) | ||||
Series 2022-ST1 Class A | ||||
03/15/2028 | 2.500% | 1,269,477 | 1,229,779 | |
LL ABS Trust(a) | ||||
Series 2021-1A Class A | ||||
05/15/2029 | 1.070% | 243,924 | 239,706 | |
Lucali CLO Ltd.(a),(b) | ||||
Series 2020-1A Class C | ||||
3-month Term SOFR + 2.462% Floor 2.200% 01/15/2033 | 7.856% | 6,500,000 | 6,425,510 |
6 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2020-1A Class D | ||||
3-month Term SOFR + 3.862% Floor 3.600% 01/15/2033 | 9.256% | 1,500,000 | 1,446,096 | |
Madison Park Funding XXIV Ltd.(a),(b) | ||||
Series 2016-24A Class BR | ||||
3-month Term SOFR + 2.012% 10/20/2029 | 7.427% | 5,000,000 | 4,956,750 | |
Madison Park Funding XXVII Ltd.(a),(b) | ||||
Series 2018-27A Class A2 | ||||
3-month Term SOFR + 1.612% 04/20/2030 | 7.027% | 3,700,000 | 3,609,442 | |
Marlette Funding Trust(a) | ||||
Series 2023-2A Class A | ||||
06/15/2033 | 6.040% | 2,945,894 | 2,933,691 | |
Series 2023-3A Class A | ||||
09/15/2033 | 6.490% | 3,428,092 | 3,422,991 | |
Octagon Investment Partners 35 Ltd.(a),(b) | ||||
Series 2018-1A Class A2 | ||||
3-month Term SOFR + 1.662% Floor 1.400% 01/20/2031 | 7.077% | 1,820,000 | 1,786,603 | |
Octagon Investment Partners XXII Ltd.(a),(b) | ||||
Series 2014-1A Class BRR | ||||
3-month Term SOFR + 1.712% Floor 1.450% 01/22/2030 | 7.124% | 4,000,000 | 3,941,800 | |
Oportun Issuance Trust(a) | ||||
Series 2021-B Class A | ||||
05/08/2031 | 1.470% | 6,800,000 | 6,232,037 | |
Series 2022-3 Class A | ||||
01/08/2030 | 7.451% | 1,196,303 | 1,196,250 | |
OZLM XXI(a),(b) | ||||
Series 2017-21A Class A1 | ||||
3-month Term SOFR + 1.412% 01/20/2031 | 6.827% | 6,017,143 | 5,997,202 | |
Pagaya AI Debt Selection Trust(a) | ||||
Series 2021-3 Class A | ||||
05/15/2029 | 1.150% | 162,432 | 162,084 | |
Series 2021-5 Class A | ||||
08/15/2029 | 1.530% | 581,263 | 575,952 | |
Pagaya AI Debt Trust(a) | ||||
Series 2022-1 Class A | ||||
10/15/2029 | 2.030% | 2,183,887 | 2,142,956 | |
Series 2023-3 Class A | ||||
12/16/2030 | 7.600% | 5,745,095 | 5,770,422 | |
Series 2023-5 Class A | ||||
04/15/2031 | 7.179% | 3,810,155 | 3,813,582 | |
Series 2023-6 Class A | ||||
06/16/2031 | 7.128% | 5,200,000 | 5,206,235 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Subordinated Series 2022-1 Class B | ||||
10/15/2029 | 3.344% | 4,199,445 | 3,951,837 | |
Subordinated Series 2022-2 Class B | ||||
01/15/2030 | 6.630% | 3,228,808 | 3,047,005 | |
Prosper Marketplace Issuance Trust(a) | ||||
Subordinated Series 2023-1A Class B | ||||
07/16/2029 | 7.480% | 1,800,000 | 1,798,028 | |
Reach ABS Trust(a) | ||||
Subordinated Series 2023-1A Class B | ||||
02/18/2031 | 7.330% | 4,550,000 | 4,557,222 | |
Research-Driven Pagaya Motor Asset Trust IV(a) | ||||
Series 2021-2A Class A | ||||
03/25/2030 | 2.650% | 1,382,797 | 1,235,987 | |
RR 1 LLC(a),(b) | ||||
Series 2017-1A Class A2B | ||||
3-month Term SOFR + 1.862% Floor 1.600% 07/15/2035 | 7.256% | 10,000,000 | 9,797,730 | |
RR 3 Ltd.(a),(b) | ||||
Series 2014-14A Class A1R2 | ||||
3-month Term SOFR + 1.352% Floor 1.090% 01/15/2030 | 6.746% | 3,616,488 | 3,605,766 | |
Santander Drive Auto Receivables Trust | ||||
Series 2023-2 Class A2 | ||||
03/16/2026 | 5.870% | 3,004,968 | 3,001,241 | |
Santander Revolving Auto Loan Trust(a) | ||||
Series 2019-A Class A | ||||
01/26/2032 | 2.510% | 3,496,000 | 3,349,066 | |
Theorem Funding Trust(a) | ||||
Series 2022-1A Class A | ||||
02/15/2028 | 1.850% | 151,616 | 150,645 | |
Series 2022-3A Class A | ||||
04/15/2029 | 7.600% | 3,419,847 | 3,429,521 | |
Series 2023-1A Class A | ||||
04/15/2029 | 7.580% | 1,698,292 | 1,703,174 | |
Upstart Pass-Through Trust(a) | ||||
Series 2021-ST1 Class A | ||||
02/20/2027 | 2.750% | 418,468 | 408,284 | |
Series 2021-ST10 Class A | ||||
01/20/2030 | 2.250% | 3,141,078 | 3,073,283 | |
Series 2021-ST6 Class A | ||||
08/20/2027 | 1.850% | 1,533,468 | 1,467,781 | |
Series 2021-ST9 Class A | ||||
11/20/2029 | 1.700% | 788,014 | 764,693 | |
Upstart Securitization Trust(a) | ||||
Series 2021-4 Class A | ||||
09/20/2031 | 0.840% | 413,913 | 411,592 |
Columbia Bond Fund | Semiannual Report 2023 | 7 |
October 31, 2023 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2023-1 Class A | ||||
02/20/2033 | 6.590% | 1,254,092 | 1,248,569 | |
Series 2023-2 Class A | ||||
06/20/2033 | 6.770% | 2,016,862 | 2,011,969 | |
Subordinated Series 2021-5 Class B | ||||
11/20/2031 | 2.490% | 5,000,000 | 4,815,148 | |
Westlake Automobile Receivables Trust(a) | ||||
Series 2023-3A Class A3 | ||||
05/17/2027 | 5.820% | 1,800,000 | 1,788,062 | |
Total Asset-Backed Securities — Non-Agency (Cost $197,948,438) | 195,603,022 | |||
Commercial Mortgage-Backed Securities - Agency 0.1% | ||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates(c) | ||||
Series 2017-K070 Class A2 | ||||
11/25/2027 | 3.303% | 1,000,000 | 925,865 | |
Total Commercial Mortgage-Backed Securities - Agency (Cost $1,013,324) | 925,865 | |||
Commercial Mortgage-Backed Securities - Non-Agency 8.8% | ||||
American Homes 4 Rent Trust(a) | ||||
Series 2014-SFR2 Class A | ||||
10/17/2036 | 3.786% | 2,290,511 | 2,241,429 | |
BAMLL Commercial Mortgage Securities Trust(a),(c) | ||||
Series 2013-WBRK Class A | ||||
03/10/2037 | 3.652% | 1,350,000 | 1,174,028 | |
BAMLL Commercial Mortgage Securities Trust(a),(b) | ||||
Series 2019-RLJ Class D | ||||
1-month Term SOFR + 1.997% Floor 1.950% 04/15/2036 | 7.332% | 1,300,000 | 1,291,465 | |
BBCMS Trust(a),(b) | ||||
Series 2018-BXH Class A | ||||
1-month Term SOFR + 1.114% Floor 1.000% 10/15/2037 | 6.449% | 129,186 | 127,235 | |
Braemar Hotels & Resorts Trust(a),(b) | ||||
Series 2018-PRME Class A | ||||
1-month Term SOFR + 0.867% Floor 0.820% 06/15/2035 | 6.269% | 79,212 | 78,684 | |
COMM Mortgage Trust(a),(c) | ||||
Subordinated Series 2020-CBM Class D | ||||
02/10/2037 | 3.633% | 1,750,000 | 1,609,858 | |
Corevest American Finance Trust(a) | ||||
Series 2020-4 Class A | ||||
12/15/2052 | 1.174% | 7,206,953 | 6,577,620 | |
Credit Suisse Mortgage Capital Certificates OA LLC(a) | ||||
Series 2014-USA Class A2 | ||||
09/15/2037 | 3.953% | 6,220,000 | 5,168,240 |
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Hilton USA Trust(a) | ||||
Subordinated Series 2016-SFP Class D | ||||
11/05/2035 | 4.927% | 1,646,000 | 691,951 | |
Invitation Homes Trust(a),(b) | ||||
Subordinated Series 2018-SFR4 Class C | ||||
1-month Term SOFR + 1.514% Floor 1.400% 01/17/2038 | 6.849% | 1,999,908 | 1,974,424 | |
JPMorgan Chase Commercial Mortgage Securities Trust(a),(c) | ||||
Subordinated Series 2021-2NU Class C | ||||
01/05/2040 | 2.077% | 1,750,000 | 1,291,080 | |
Morgan Stanley Capital I Trust(a),(c) | ||||
Series 2019-MEAD Class D | ||||
11/10/2036 | 3.283% | 1,200,000 | 1,000,594 | |
New Residential Mortgage Loan Trust(a) | ||||
Series 2022-SFR1 Class A | ||||
02/17/2039 | 2.400% | 6,182,813 | 5,405,427 | |
One New York Plaza Trust(a),(b) | ||||
Subordinated Series 2020-1NYP Class B | ||||
1-month Term SOFR + 1.614% Floor 1.500% 01/15/2036 | 6.949% | 5,000,000 | 4,475,197 | |
Subordinated Series 2020-1NYP Class C | ||||
1-month Term SOFR + 2.314% Floor 2.200% 01/15/2036 | 7.649% | 5,000,000 | 4,359,106 | |
Progress Residential Trust(a) | ||||
Series 2020-SFR1 Class E | ||||
04/17/2037 | 3.032% | 1,800,000 | 1,692,075 | |
Series 2020-SFR3 Class B | ||||
10/17/2027 | 1.495% | 4,000,000 | 3,636,468 | |
Series 2020-SFR3 Class C | ||||
10/17/2027 | 1.695% | 6,250,000 | 5,672,403 | |
Series 2022-SFR1 Class A | ||||
02/17/2041 | 2.709% | 2,987,754 | 2,490,753 | |
Subordinated Series 2022-SFR4 Class B | ||||
05/17/2041 | 4.788% | 6,000,000 | 5,490,759 | |
SFO Commercial Mortgage Trust(a),(b) | ||||
Series 2021-555 Class A | ||||
1-month Term SOFR + 1.264% Floor 1.150% 05/15/2038 | 6.599% | 8,000,000 | 7,300,411 | |
Tricon American Homes(a) | ||||
Series 2020-SFR1 Class C | ||||
07/17/2038 | 2.249% | 7,000,000 | 6,211,367 | |
UBS Commercial Mortgage Trust(a),(b) | ||||
Series 2018-NYCH Class B | ||||
1-month Term SOFR + 1.297% Floor 1.250% 02/15/2032 | 6.632% | 900,000 | 887,484 |
8 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Wells Fargo Commercial Mortgage Trust(a),(b) | ||||
Series 2017-SMP Class A | ||||
1-month Term SOFR + 1.047% Floor 0.875% 12/15/2034 | 6.382% | 4,720,000 | 4,418,058 | |
Subordinated Series 2017-SMP Class C | ||||
1-month Term SOFR + 1.372% Floor 1.200% 12/15/2034 | 6.707% | 800,000 | 720,627 | |
Total Commercial Mortgage-Backed Securities - Non-Agency (Cost $85,387,498) | 75,986,743 |
Common Stocks 0.0% | ||
Issuer | Shares | Value ($) |
Consumer Staples 0.0% | ||
Beverages 0.0% | ||
Crimson Wine Group Ltd.(d) | 3 | 16 |
Total Consumer Staples | 16 | |
Energy 0.0% | ||
Oil, Gas & Consumable Fuels 0.0% | ||
Vitesse Energy, Inc. | 4 | 95 |
Total Energy | 95 | |
Financials 0.0% | ||
Capital Markets 0.0% | ||
Jefferies Financial Group, Inc. | 39 | 1,255 |
Total Financials | 1,255 | |
Total Common Stocks (Cost $—) | 1,366 |
Corporate Bonds & Notes 19.4% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Aerospace & Defense 0.7% | ||||
Boeing Co. (The) | ||||
08/01/2059 | 3.950% | 5,058,000 | 3,107,828 | |
05/01/2060 | 5.930% | 361,000 | 303,685 | |
L3Harris Technologies, Inc. | ||||
07/31/2033 | 5.400% | 686,000 | 640,873 | |
Raytheon Technologies Corp. | ||||
03/15/2032 | 2.375% | 2,441,000 | 1,833,334 | |
Total | 5,885,720 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Banking 7.7% | ||||
Bank of America Corp.(e) | ||||
07/23/2031 | 1.898% | 4,505,000 | 3,350,749 | |
10/24/2031 | 1.922% | 2,300,000 | 1,696,366 | |
10/20/2032 | 2.572% | 5,507,000 | 4,127,958 | |
02/04/2033 | 2.972% | 5,600,000 | 4,289,834 | |
Subordinated | ||||
09/21/2036 | 2.482% | 357,000 | 254,485 | |
Citigroup, Inc.(e) | ||||
06/03/2031 | 2.572% | 864,000 | 676,396 | |
01/25/2033 | 3.057% | 3,676,000 | 2,830,959 | |
Goldman Sachs Group, Inc. (The)(e) | ||||
10/21/2032 | 2.650% | 3,570,000 | 2,684,796 | |
HSBC Holdings PLC(e) | ||||
05/24/2032 | 2.804% | 3,358,000 | 2,525,465 | |
11/22/2032 | 2.871% | 5,039,000 | 3,758,403 | |
JPMorgan Chase & Co.(e) | ||||
10/15/2030 | 2.739% | 1,812,000 | 1,487,911 | |
04/22/2032 | 2.580% | 10,847,000 | 8,373,492 | |
11/08/2032 | 2.545% | 1,694,000 | 1,283,663 | |
Morgan Stanley(e) | ||||
07/21/2032 | 2.239% | 1,219,000 | 899,429 | |
10/20/2032 | 2.511% | 5,410,000 | 4,046,631 | |
07/21/2034 | 5.424% | 761,000 | 694,527 | |
Subordinated | ||||
09/16/2036 | 2.484% | 500,000 | 354,486 | |
Morgan Stanley(e),(f) | ||||
11/01/2034 | 6.627% | 1,810,000 | 1,810,000 | |
PNC Financial Services Group, Inc. (The)(e) | ||||
06/12/2029 | 5.582% | 2,848,000 | 2,726,544 | |
10/20/2034 | 6.875% | 1,815,000 | 1,813,902 | |
US Bancorp(e) | ||||
06/12/2034 | 5.836% | 830,000 | 765,462 | |
Wells Fargo & Co.(e) | ||||
07/25/2029 | 5.574% | 234,000 | 225,357 | |
10/23/2029 | 6.303% | 1,154,000 | 1,144,415 | |
10/30/2030 | 2.879% | 2,323,000 | 1,898,560 | |
02/11/2031 | 2.572% | 7,294,000 | 5,781,025 | |
07/25/2034 | 5.557% | 1,971,000 | 1,805,345 | |
10/23/2034 | 6.491% | 5,004,000 | 4,917,622 | |
04/25/2053 | 4.611% | 320,000 | 235,776 | |
Total | 66,459,558 | |||
Cable and Satellite 0.6% | ||||
Charter Communications Operating LLC/Capital | ||||
05/01/2047 | 5.375% | 610,000 | 440,422 | |
12/01/2061 | 4.400% | 2,927,000 | 1,703,070 | |
06/30/2062 | 3.950% | 3,670,000 | 1,963,648 | |
04/01/2063 | 5.500% | 960,000 | 677,235 | |
Total | 4,784,375 |
Columbia Bond Fund | Semiannual Report 2023 | 9 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Construction Machinery 0.2% | ||||
John Deere Capital Corp. | ||||
07/14/2028 | 4.950% | 1,732,000 | 1,689,833 | |
Electric 1.3% | ||||
AEP Texas, Inc. | ||||
01/15/2050 | 3.450% | 1,400,000 | 848,077 | |
Duke Energy Corp. | ||||
09/01/2046 | 3.750% | 3,035,000 | 1,975,339 | |
08/15/2052 | 5.000% | 471,000 | 366,771 | |
Edison International | ||||
11/15/2028 | 5.250% | 1,658,000 | 1,572,602 | |
Emera US Finance LP | ||||
06/15/2046 | 4.750% | 2,910,000 | 2,028,947 | |
FirstEnergy Corp. | ||||
03/01/2050 | 3.400% | 532,000 | 321,304 | |
Georgia Power Co. | ||||
03/15/2042 | 4.300% | 1,671,000 | 1,277,973 | |
Pacific Gas and Electric Co. | ||||
07/01/2050 | 4.950% | 3,680,000 | 2,570,984 | |
Total | 10,961,997 | |||
Food and Beverage 1.1% | ||||
Bacardi Ltd.(a) | ||||
05/15/2048 | 5.300% | 3,330,000 | 2,702,379 | |
Constellation Brands, Inc. | ||||
05/01/2033 | 4.900% | 4,744,000 | 4,282,918 | |
Diageo Capital PLC | ||||
10/05/2033 | 5.625% | 2,185,000 | 2,144,944 | |
Tyson Foods, Inc. | ||||
06/02/2047 | 4.550% | 176,000 | 125,742 | |
09/28/2048 | 5.100% | 711,000 | 550,386 | |
Total | 9,806,369 | |||
Health Care 1.0% | ||||
CVS Health Corp. | ||||
07/20/2045 | 5.125% | 2,031,000 | 1,620,021 | |
03/25/2048 | 5.050% | 2,460,000 | 1,936,715 | |
GE HealthCare Technologies, Inc. | ||||
11/15/2027 | 5.650% | 586,000 | 580,077 | |
HCA, Inc. | ||||
09/01/2030 | 3.500% | 4,437,000 | 3,672,323 | |
03/15/2052 | 4.625% | 797,000 | 555,506 | |
Total | 8,364,642 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Healthcare Insurance 0.7% | ||||
Aetna, Inc. | ||||
11/15/2042 | 4.125% | 357,000 | 255,019 | |
08/15/2047 | 3.875% | 285,000 | 187,456 | |
Centene Corp. | ||||
10/15/2030 | 3.000% | 6,940,000 | 5,486,918 | |
UnitedHealth Group, Inc. | ||||
02/15/2030 | 5.300% | 520,000 | 510,308 | |
Total | 6,439,701 | |||
Integrated Energy 0.1% | ||||
Cenovus Energy, Inc. | ||||
02/15/2052 | 3.750% | 840,000 | 526,333 | |
Life Insurance 0.0% | ||||
Peachtree Corners Funding Trust(a) | ||||
02/15/2025 | 3.976% | 335,000 | 324,337 | |
Voya Financial, Inc. | ||||
06/15/2046 | 4.800% | 30,000 | 21,689 | |
Total | 346,026 | |||
Media and Entertainment 0.7% | ||||
Meta Platforms, Inc. | ||||
05/15/2063 | 5.750% | 1,929,000 | 1,731,215 | |
Warnermedia Holdings, Inc. | ||||
03/15/2062 | 5.391% | 6,782,000 | 4,750,045 | |
Total | 6,481,260 | |||
Midstream 1.0% | ||||
Kinder Morgan, Inc. | ||||
02/15/2046 | 5.050% | 671,000 | 512,146 | |
08/01/2052 | 5.450% | 2,051,000 | 1,656,500 | |
MPLX LP | ||||
03/14/2052 | 4.950% | 706,000 | 523,810 | |
Plains All American Pipeline LP/Finance Corp. | ||||
06/15/2044 | 4.700% | 4,576,000 | 3,210,526 | |
Western Gas Partners LP | ||||
08/15/2048 | 5.500% | 550,000 | 414,231 | |
Western Midstream Operating LP | ||||
01/15/2029 | 6.350% | 696,000 | 691,797 | |
Western Midstream Operating LP(e) | ||||
02/01/2050 | 5.250% | 1,335,000 | 981,603 | |
Williams Companies, Inc. (The) | ||||
09/15/2045 | 5.100% | 821,000 | 660,080 | |
Total | 8,650,693 |
10 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Natural Gas 0.1% | ||||
NiSource, Inc. | ||||
05/01/2030 | 3.600% | 981,000 | 839,737 | |
Pharmaceuticals 1.9% | ||||
AbbVie, Inc. | ||||
06/15/2044 | 4.850% | 2,780,000 | 2,322,438 | |
Amgen, Inc. | ||||
03/02/2063 | 5.750% | 7,091,000 | 6,137,726 | |
Pfizer Investment Enterprises Pte., Ltd. | ||||
05/19/2033 | 4.750% | 4,002,000 | 3,673,112 | |
05/19/2063 | 5.340% | 4,547,000 | 3,895,277 | |
Total | 16,028,553 | |||
Property & Casualty 0.1% | ||||
Berkshire Hathaway Finance Corp. | ||||
03/15/2052 | 3.850% | 777,000 | 541,876 | |
Restaurants 0.2% | ||||
McDonald’s Corp. | ||||
08/14/2053 | 5.450% | 2,057,000 | 1,811,006 | |
Retailers 0.5% | ||||
Lowe’s Companies, Inc. | ||||
04/01/2062 | 4.450% | 1,914,000 | 1,306,793 | |
09/15/2062 | 5.800% | 3,483,000 | 2,948,045 | |
Total | 4,254,838 | |||
Technology 0.4% | ||||
Broadcom, Inc.(a) | ||||
11/15/2036 | 3.187% | 3,417,000 | 2,365,267 | |
NXP BV/Funding LLC/USA, Inc. | ||||
05/01/2030 | 3.400% | 200,000 | 167,385 | |
01/15/2033 | 5.000% | 1,254,000 | 1,117,850 | |
Total | 3,650,502 | |||
Transportation Services 0.4% | ||||
ERAC USA Finance LLC(a) | ||||
05/01/2028 | 4.600% | 3,769,000 | 3,587,800 | |
Wireless 0.7% | ||||
American Tower Corp. | ||||
08/15/2029 | 3.800% | 1,231,000 | 1,077,286 | |
T-Mobile US, Inc. | ||||
02/15/2031 | 2.875% | 6,066,000 | 4,838,484 | |
Total | 5,915,770 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Wirelines 0.0% | ||||
AT&T, Inc. | ||||
03/01/2029 | 4.350% | 497,000 | 457,469 | |
Total Corporate Bonds & Notes (Cost $198,479,916) | 167,484,058 | |||
Residential Mortgage-Backed Securities - Agency 41.6% | ||||
Federal Home Loan Mortgage Corp.(g) | ||||
06/01/2043 | 4.000% | 1,153,687 | 1,045,066 | |
05/01/2052 | 3.000% | 8,863,108 | 7,164,762 | |
Federal Home Loan Mortgage Corp. | ||||
09/01/2051 | 2.500% | 15,909,650 | 12,237,157 | |
02/01/2052 | 3.000% | 6,134,064 | 4,926,284 | |
08/01/2052 | 4.000% | 13,812,915 | 12,055,164 | |
02/01/2053 | 4.500% | 6,741,745 | 6,058,107 | |
Federal Home Loan Mortgage Corp.(b),(h) | ||||
CMO Series 4903 Class SA | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 08/25/2049 | 0.615% | 1,869,135 | 143,619 | |
Federal Home Loan Mortgage Corp.(h) | ||||
CMO Series 5162 Class IA | ||||
11/25/2051 | 3.000% | 8,183,658 | 1,154,247 | |
Federal National Mortgage Association | ||||
08/01/2029- 09/01/2045 | 3.000% | 1,474,052 | 1,355,514 | |
05/01/2043- 05/01/2052 | 3.500% | 32,464,698 | 27,205,737 | |
02/01/2048- 08/01/2052 | 4.000% | 35,600,482 | 31,105,934 | |
01/01/2052 | 2.500% | 9,890,022 | 7,617,571 | |
Federal National Mortgage Association(g) | ||||
07/01/2038 | 6.000% | 514,277 | 515,624 | |
01/01/2040 | 5.500% | 608,948 | 597,403 | |
08/01/2040 | 4.500% | 995,587 | 908,036 | |
10/01/2042 | 3.000% | 1,433,626 | 1,208,919 | |
07/01/2045- 02/01/2046 | 3.500% | 1,746,372 | 1,505,628 | |
11/01/2045 | 4.000% | 524,509 | 460,016 | |
Federal National Mortgage Association(b),(h) | ||||
CMO Series 2016-53 Class KS | ||||
-1.0 x 30-day Average SOFR + 5.886% Cap 6.000% 08/25/2046 | 0.565% | 666,921 | 52,949 | |
CMO Series 2016-57 Class SA | ||||
-1.0 x 30-day Average SOFR + 5.886% Cap 6.000% 08/25/2046 | 0.565% | 1,651,361 | 133,051 |
Columbia Bond Fund | Semiannual Report 2023 | 11 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2016-93 Class SL | ||||
-1.0 x 30-day Average SOFR + 6.536% Cap 6.650% 12/25/2046 | 1.215% | 2,194,038 | 128,447 | |
CMO Series 2017-109 Class SA | ||||
-1.0 x 30-day Average SOFR + 6.036% Cap 6.150% 01/25/2048 | 0.715% | 782,882 | 73,948 | |
CMO Series 2017-20 Class SA | ||||
-1.0 x 30-day Average SOFR + 5.986% Cap 6.100% 04/25/2047 | 0.665% | 688,791 | 58,754 | |
CMO Series 2017-54 Class SN | ||||
-1.0 x 30-day Average SOFR + 6.036% Cap 6.150% 07/25/2047 | 0.715% | 1,408,627 | 139,917 | |
CMO Series 2018-66 Class SM | ||||
-1.0 x 30-day Average SOFR + 6.086% Cap 6.200% 09/25/2048 | 0.765% | 947,873 | 82,500 | |
CMO Series 2018-74 Class SA | ||||
-1.0 x 30-day Average SOFR + 6.036% Cap 6.150% 10/25/2048 | 0.715% | 1,160,416 | 99,239 | |
CMO Series 2019-33 Class SB | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 07/25/2049 | 0.615% | 2,799,043 | 228,306 | |
CMO Series 2019-60 Class SH | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 10/25/2049 | 0.615% | 1,073,734 | 89,791 | |
CMO Series 2019-67 Class SE | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 11/25/2049 | 0.615% | 1,685,658 | 173,327 | |
Federal National Mortgage Association(h) | ||||
CMO Series 2021-3 Class TI | ||||
02/25/2051 | 2.500% | 11,207,120 | 1,813,898 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Federal National Mortgage Association REMICS(b),(h) | ||||
CMO Series 2017-108 Class SA | ||||
-1.0 x 30-day Average SOFR + 6.036% Cap 6.150% 01/25/2048 | 0.715% | 11,743,877 | 1,031,078 | |
CMO Series 2019-73 Class SC | ||||
-1.0 x 30-day Average SOFR + 5.936% Cap 6.050% 12/25/2049 | 0.615% | 18,621,735 | 1,517,325 | |
CMO Series 2020-39 Class MS | ||||
-1.0 x 30-day Average SOFR + 5.966% Cap 6.080% 06/25/2050 | 0.645% | 11,793,656 | 1,034,670 | |
Freddie Mac REMICS(h) | ||||
CMO Series 5152 Class XI | ||||
11/25/2050 | 2.500% | 14,726,883 | 1,850,498 | |
CMO Series 5287 Class NI | ||||
05/25/2051 | 3.500% | 7,295,962 | 1,414,385 | |
Government National Mortgage Association(b) | ||||
1-year CMT + 1.500% Cap 10.000% 04/20/2028 | 3.875% | 925 | 901 | |
Government National Mortgage Association(g) | ||||
04/20/2048 | 4.500% | 677,870 | 622,043 | |
Government National Mortgage Association(b),(h) | ||||
CMO Series 2017-112 Class SJ | ||||
-1.0 x 1-month Term SOFR + 5.546% Cap 5.660% 07/20/2047 | 0.206% | 2,394,173 | 130,093 | |
CMO Series 2017-130 Class HS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 08/20/2047 | 0.746% | 824,475 | 55,995 | |
CMO Series 2017-149 Class BS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 10/20/2047 | 0.746% | 1,030,868 | 84,928 | |
CMO Series 2017-163 Class SA | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 11/20/2047 | 0.746% | 430,844 | 32,523 |
12 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2017-37 Class SB | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 03/20/2047 | 0.696% | 614,376 | 48,300 | |
CMO Series 2018-103 Class SA | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 08/20/2048 | 0.746% | 599,989 | 49,023 | |
CMO Series 2018-112 Class LS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 08/20/2048 | 0.746% | 758,628 | 60,840 | |
CMO Series 2018-125 Class SK | ||||
-1.0 x 1-month Term SOFR + 6.136% Cap 6.250% 09/20/2048 | 0.796% | 974,149 | 58,467 | |
CMO Series 2018-134 Class KS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 10/20/2048 | 0.746% | 786,306 | 62,687 | |
CMO Series 2018-148 Class SB | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 01/20/2048 | 0.746% | 1,462,619 | 123,247 | |
CMO Series 2018-151 Class SA | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 11/20/2048 | 0.696% | 1,260,760 | 98,216 | |
CMO Series 2018-89 Class MS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 06/20/2048 | 0.746% | 790,378 | 55,762 | |
CMO Series 2018-91 Class DS | ||||
-1.0 x 1-month Term SOFR + 6.086% Cap 6.200% 07/20/2048 | 0.746% | 839,467 | 64,869 | |
CMO Series 2019-20 Class JS | ||||
-1.0 x 1-month Term SOFR + 5.886% Cap 6.000% 02/20/2049 | 0.546% | 1,199,249 | 90,436 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2019-5 Class SH | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 01/20/2049 | 0.696% | 870,412 | 68,428 | |
CMO Series 2019-56 Class SG | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 05/20/2049 | 0.696% | 904,107 | 70,817 | |
CMO Series 2019-59 Class KS | ||||
-1.0 x 1-month Term SOFR + 5.936% Cap 6.050% 05/20/2049 | 0.596% | 908,199 | 71,312 | |
CMO Series 2019-74 Class PS | ||||
-1.0 x 1-month Term SOFR + 5.936% Cap 6.050% 06/20/2049 | 0.596% | 12,580,730 | 1,052,745 | |
CMO Series 2019-85 Class SC | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 07/20/2049 | 0.696% | 886,838 | 65,330 | |
CMO Series 2019-90 Class SD | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 07/20/2049 | 0.696% | 2,079,083 | 175,766 | |
CMO Series 2019-92 Class SD | ||||
-1.0 x 1-month Term SOFR + 5.986% Cap 6.100% 07/20/2049 | 0.646% | 5,068,090 | 421,236 | |
CMO Series 2020-11 Class LS | ||||
-1.0 x 1-month Term SOFR + 6.164% Cap 6.050% 01/20/2050 | 0.596% | 19,255,089 | 1,603,554 | |
CMO Series 2020-188 Class SA | ||||
-1.0 x 1-month Term SOFR + 6.186% Cap 6.300% 12/20/2050 | 0.846% | 11,091,836 | 1,105,656 | |
CMO Series 2020-21 Class VS | ||||
-1.0 x 1-month Term SOFR + 6.164% Cap 6.050% 02/20/2050 | 0.596% | 703,680 | 62,687 |
Columbia Bond Fund | Semiannual Report 2023 | 13 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2020-62 Class SG | ||||
-1.0 x 1-month Term SOFR + 6.036% Cap 6.150% 05/20/2050 | 0.696% | 1,214,636 | 94,449 | |
CMO Series 2022-207 Class SA | ||||
-1.0 x 1-month Term SOFR + 5.886% Cap 6.000% 09/20/2049 | 0.546% | 30,230,648 | 2,501,810 | |
Government National Mortgage Association(h) | ||||
CMO Series 2020-164 Class CI | ||||
11/20/2050 | 3.000% | 6,957,898 | 1,051,599 | |
CMO Series 2020-175 Class KI | ||||
11/20/2050 | 2.500% | 19,497,166 | 2,652,162 | |
CMO Series 2020-191 Class UG | ||||
12/20/2050 | 3.500% | 7,068,805 | 1,151,508 | |
CMO Series 2021-119 Class QI | ||||
07/20/2051 | 3.000% | 7,928,160 | 1,147,954 | |
CMO Series 2021-139 Class IC | ||||
08/20/2051 | 3.000% | 18,473,402 | 2,788,082 | |
CMO Series 2021-16 Class KI | ||||
01/20/2051 | 2.500% | 9,293,848 | 1,263,953 | |
Government National Mortgage Association TBA(f) | ||||
11/20/2053 | 4.000% | 18,000,000 | 15,821,016 | |
11/20/2053 | 4.500% | 10,000,000 | 9,034,999 | |
Uniform Mortgage-Backed Security TBA(f) | ||||
11/15/2038- 11/13/2053 | 3.000% | 88,078,000 | 70,687,779 | |
11/15/2038- 11/13/2053 | 3.500% | 19,000,000 | 16,141,016 | |
11/15/2038- 11/13/2053 | 4.000% | 28,000,000 | 24,595,741 | |
11/13/2053 | 4.500% | 13,000,000 | 11,607,373 | |
11/13/2053 | 5.000% | 42,000,000 | 38,718,750 | |
11/13/2053 | 6.000% | 27,000,000 | 26,271,937 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $386,451,001) | 359,052,860 | |||
Residential Mortgage-Backed Securities - Non-Agency 27.4% | ||||
510 Asset Backed Trust(a),(c) | ||||
CMO Series 2021-NPL2 Class A1 | ||||
06/25/2061 | 2.116% | 2,447,982 | 2,283,222 | |
Angel Oak Mortgage Trust(a),(c) | ||||
CMO Series 2020-1 Class M1 | ||||
12/25/2059 | 3.161% | 3,000,000 | 2,479,980 | |
CMO Series 2020-3 Class A1 | ||||
04/25/2065 | 1.691% | 1,920,976 | 1,735,749 | |
CMO Series 2021-5 Class A2 | ||||
07/25/2066 | 1.208% | 4,103,156 | 3,242,623 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Angel Oak Mortgage Trust I LLC(a),(c) | ||||
CMO Series 2018-3 Class M1 | ||||
09/25/2048 | 4.421% | 514,114 | 504,475 | |
Arroyo Mortgage Trust(a),(c) | ||||
CMO Series 2019-2 Class A3 | ||||
04/25/2049 | 3.800% | 152,421 | 137,196 | |
Arroyo Mortgage Trust(a) | ||||
CMO Series 2020-1 Class M1 | ||||
03/25/2055 | 4.277% | 3,946,000 | 3,361,370 | |
Bellemeade Re Ltd.(a),(b) | ||||
CMO Series 2018-1A Class M2 | ||||
1-month Term SOFR + 3.014% 04/25/2028 | 8.339% | 1,035,661 | 1,037,310 | |
CMO Series 2019-2A Class M1C | ||||
1-month Term SOFR + 2.114% Floor 2.000% 04/25/2029 | 7.439% | 1,989,030 | 1,991,304 | |
CMO Series 2019-3A Class M1C | ||||
1-month Term SOFR + 2.064% Floor 1.950% 07/25/2029 | 7.389% | 1,927,920 | 1,932,909 | |
CMO Series 2021-2A Class M1A | ||||
30-day Average SOFR + 1.200% Floor 1.200% 06/25/2031 | 6.515% | 1,067,962 | 1,066,224 | |
CMO Series 2021-2A Class M1B | ||||
30-day Average SOFR + 1.500% Floor 1.500% 06/25/2031 | 6.815% | 2,000,000 | 1,994,912 | |
CMO Series 2022-1 Class M1A | ||||
30-day Average SOFR + 1.750% Floor 1.750% 01/26/2032 | 7.071% | 3,764,133 | 3,754,577 | |
BRAVO Residential Funding Trust(a),(c) | ||||
CMO Series 2020-NQM1 Class M1 | ||||
05/25/2060 | 3.181% | 2,500,000 | 2,227,555 | |
CMO Series 2020-RPL2 Class A1 | ||||
05/25/2059 | 2.000% | 1,713,598 | 1,503,701 | |
CMO Series 2021-A Class A1 | ||||
10/25/2059 | 1.991% | 2,546,861 | 2,393,428 | |
Bunker Hill Loan Depositary Trust(a),(c) | ||||
CMO Series 2019-3 Class A2 | ||||
11/25/2059 | 2.981% | 639,517 | 605,153 | |
CMO Series 2019-3 Class A3 | ||||
11/25/2059 | 3.135% | 931,868 | 882,289 | |
CMO Series 2020-1 Class A1 | ||||
02/25/2055 | 1.724% | 2,311,016 | 2,186,983 |
14 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
BVRT Financing Trust(a),(b),(i) | ||||
CMO Series 2021-3F Class M2 | ||||
30-day Average SOFR + 2.900% Floor 2.900% 07/12/2033 | 4.187% | 5,591,304 | 5,591,304 | |
CHNGE Mortgage Trust(a),(c) | ||||
CMO Series 2022-1 Class A1 | ||||
01/25/2067 | 3.007% | 4,282,160 | 3,822,509 | |
CMO Series 2022-2 Class A1 | ||||
03/25/2067 | 3.757% | 3,793,667 | 3,319,931 | |
CMO Series 2022-3 Class A1 | ||||
05/25/2067 | 5.000% | 4,211,365 | 3,981,363 | |
CMO Series 2023-3 Class A1 | ||||
07/25/2058 | 7.100% | 5,021,786 | 4,962,064 | |
COLT Mortgage Loan Trust(a),(c) | ||||
CMO Series 2020-2 Class A2 | ||||
03/25/2065 | 3.094% | 350,000 | 331,428 | |
CMO Series 2021-3 Class A1 | ||||
09/27/2066 | 0.956% | 2,720,998 | 2,005,214 | |
CMO Series 2021-5 Class A2 | ||||
11/26/2066 | 2.606% | 4,270,000 | 2,777,113 | |
Connecticut Avenue Securities Trust(a),(b) | ||||
CMO Series 2022-R01 Class 1M2 | ||||
30-day Average SOFR + 1.900% 12/25/2041 | 7.221% | 2,650,000 | 2,618,064 | |
CMO Series 2022-R04 Class 1M2 | ||||
30-day Average SOFR + 3.100% 03/25/2042 | 8.421% | 4,000,000 | 4,069,739 | |
Credit Suisse Mortgage Capital Certificates(a),(c) | ||||
CMO Series 2020-SPT1 Class A1 | ||||
04/25/2065 | 1.616% | 51,491 | 50,824 | |
Credit Suisse Mortgage Trust(a),(c) | ||||
CMO Series 2021-NQM2 Class A2 | ||||
02/25/2066 | 1.384% | 3,127,554 | 2,553,036 | |
CMO Series 2021-RPL2 Class A1A | ||||
01/25/2060 | 1.115% | 3,093,028 | 2,414,495 | |
CSMC Trust(a),(c) | ||||
CMO Series 2020-RPL2 Class A12 | ||||
02/25/2060 | 3.518% | 810,387 | 828,830 | |
CMO Series 2020-RPL6 Class A1 | ||||
03/25/2059 | 2.688% | 8,398,658 | 8,079,321 | |
CMO Series 2021-NQM8 Class A1 | ||||
10/25/2066 | 1.841% | 3,548,613 | 2,851,108 | |
CMO Series 2022-NQM1 Class A3 | ||||
11/25/2066 | 2.675% | 3,134,965 | 2,416,759 | |
CMO Series 2022-RPL3 Class A1 | ||||
03/25/2061 | 3.613% | 3,784,853 | 3,682,317 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Subordinated CMO Series 2020-RPL3 Class A1 | ||||
03/25/2060 | 2.691% | 2,360,703 | 2,280,726 | |
Deephaven Residential Mortgage Trust(a),(c) | ||||
CMO Series 2021-1 Class A2 | ||||
05/25/2065 | 0.973% | 555,908 | 493,753 | |
Eagle Re Ltd.(a),(b) | ||||
Subordinated CMO Series 2020-1 Class M1B | ||||
1-month Term SOFR + 1.564% 01/25/2030 | 6.889% | 671,015 | 670,618 | |
Ellington Financial Mortgage Trust(a),(c) | ||||
CMO Series 2020-1 Class A3 | ||||
05/25/2065 | 3.999% | 550,000 | 489,804 | |
Freddie Mac STACR REMIC Trust(a),(b) | ||||
CMO Series 2021-DNA3 Class M1 | ||||
30-day Average SOFR + 0.750% 10/25/2033 | 6.071% | 1,577,491 | 1,575,003 | |
CMO Series 2022-DNA1 Class M1B | ||||
30-day Average SOFR + 1.850% 01/25/2042 | 7.171% | 3,000,000 | 2,948,104 | |
Subordinated CMO Series 2022-DNA6 Class M1A | ||||
30-day Average SOFR + 2.150% 09/25/2042 | 7.471% | 2,028,501 | 2,045,984 | |
Freddie Mac Structured Agency Credit Risk Debt Notes(a),(b) | ||||
CMO Series 2022-DNA2 Class M1B | ||||
30-day Average SOFR + 2.400% 02/25/2042 | 7.721% | 3,800,000 | 3,799,965 | |
FWD Securitization Trust(a),(c) | ||||
CMO Series 2020-INV1 Class M1 | ||||
01/25/2050 | 2.850% | 3,500,000 | 2,564,529 | |
GCAT LLC(a),(c) | ||||
CMO Series 2021-CM1 Class A1 | ||||
04/25/2065 | 1.469% | 2,280,815 | 2,054,061 | |
GCAT Trust(a),(c) | ||||
CMO Series 2021-CM2 Class A1 | ||||
08/25/2066 | 2.352% | 2,721,720 | 2,417,141 | |
CMO Series 2022-NQM2 Class A3 | ||||
02/25/2067 | 4.210% | 4,515,074 | 3,923,085 | |
GS Mortgage-Backed Securities Corp. Trust(a),(c) | ||||
CMO Series 2021-NQM1 Class A1 | ||||
07/25/2061 | 1.017% | 2,293,102 | 1,880,749 | |
Home Re Ltd.(a),(b) | ||||
Subordinated CMO Series 2022-1 Class M1A | ||||
30-day Average SOFR + 2.850% 10/25/2034 | 8.171% | 2,225,078 | 2,240,090 | |
Imperial Fund Mortgage Trust(a),(c) | ||||
CMO Series 2021-NQM4 Class A2 | ||||
01/25/2057 | 2.296% | 1,683,601 | 1,346,165 | |
Legacy Mortgage Asset Trust(a),(c) | ||||
CMO Series 2021-GS2 Class A1 | ||||
04/25/2061 | 1.750% | 1,941,267 | 1,791,865 |
Columbia Bond Fund | Semiannual Report 2023 | 15 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2021-SL2 Class A | ||||
10/25/2068 | 1.875% | 2,412,138 | 2,222,268 | |
MFA Trust(a),(c) | ||||
CMO Series 2020-NQM2 Class M1 | ||||
04/25/2065 | 3.034% | 3,500,000 | 2,757,646 | |
CMO Series 2020-NQM3 Class A1 | ||||
01/26/2065 | 1.014% | 4,193,024 | 3,674,985 | |
CMO Series 2020-NQM3 Class A2 | ||||
01/26/2065 | 1.324% | 1,677,213 | 1,476,014 | |
CMO Series 2020-NQM3 Class A3 | ||||
01/26/2065 | 1.632% | 1,257,910 | 1,106,710 | |
CMO Series 2021-INV2 Class A3 | ||||
11/25/2056 | 2.264% | 2,316,326 | 1,878,579 | |
MFRA Trust(a),(c) | ||||
CMO Series 2021-INV1 Class A2 | ||||
01/25/2056 | 1.057% | 285,442 | 256,042 | |
CMO Series 2021-INV1 Class A3 | ||||
01/25/2056 | 1.262% | 445,004 | 398,755 | |
New Residential Mortgage Loan Trust(a),(c) | ||||
CMO Series 2018-1A Class A1A | ||||
12/25/2057 | 4.000% | 5,790,042 | 5,337,318 | |
NRZ Excess Spread-Collateralized Notes(a) | ||||
Series 2020-PLS1 Class A | ||||
12/25/2025 | 3.844% | 2,706,947 | 2,528,465 | |
Oaktown Re III Ltd.(a),(b) | ||||
CMO Series 2019-1A Class M1B | ||||
30-day Average SOFR + 2.064% Floor 1.950% 07/25/2029 | 7.385% | 546,070 | 547,095 | |
PMT Credit Risk Transfer Trust(a),(b) | ||||
Series 2019-2R Class A | ||||
1-month Term SOFR + 3.750% Floor 3.750% 05/30/2025 | 9.191% | 386,804 | 384,501 | |
PNMAC GMSR Issuer Trust(a),(b) | ||||
CMO Series 2018-GT1 Class A | ||||
1-month Term SOFR + 2.964% Floor 2.850% 02/25/2025 | 8.289% | 9,400,000 | 9,399,938 | |
CMO Series 2018-GT2 Class A | ||||
1-month Term SOFR + 2.764% 08/25/2025 | 8.089% | 3,950,000 | 3,947,656 | |
Preston Ridge Partners Mortgage Trust(a),(c) | ||||
CMO Series 2020-6 Class A1 | ||||
11/25/2025 | 2.363% | 7,062,191 | 6,790,495 | |
CMO Series 2021-1 Class A1 | ||||
01/25/2026 | 2.115% | 4,797,371 | 4,577,671 | |
CMO Series 2021-2 Class A1 | ||||
03/25/2026 | 2.115% | 1,813,267 | 1,727,820 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2021-3 Class A1 | ||||
04/25/2026 | 1.867% | 1,583,878 | 1,496,584 | |
CMO Series 2021-8 Class A1 | ||||
09/25/2026 | 1.743% | 1,304,465 | 1,210,292 | |
Pretium Mortgage Credit Partners(a),(c) | ||||
CMO Series 2022-NPL1 Class A1 | ||||
01/25/2052 | 2.981% | 3,139,176 | 2,933,619 | |
PRKCM Trust(a),(c) | ||||
CMO Series 2021-AFC1 Class A3 | ||||
08/25/2056 | 2.069% | 5,196,754 | 3,921,619 | |
CMO Series 2021-AFC1 Class M1 | ||||
08/25/2056 | 3.114% | 4,516,000 | 2,381,975 | |
PRPM LLC(a),(c) | ||||
CMO Series 2021-RPL1 Class A1 | ||||
07/25/2051 | 1.319% | 3,609,642 | 3,129,454 | |
Residential Mortgage Loan Trust(a),(c) | ||||
CMO Series 2019-3 Class A3 | ||||
09/25/2059 | 3.044% | 17,034 | 16,365 | |
Stanwich Mortgage Loan Co. LLC(a),(c) | ||||
CMO Series 2021-NPB1 Class A1 | ||||
10/16/2026 | 2.735% | 2,095,735 | 1,888,434 | |
Starwood Mortgage Residential Trust(a),(c) | ||||
CMO Series 2019-INV1 Class A3 | ||||
09/27/2049 | 2.916% | 3,305,327 | 3,125,017 | |
CMO Series 2020-2 Class A3 | ||||
04/25/2060 | 3.000% | 5,565,245 | 5,360,324 | |
CMO Series 2020-3 Class A3 | ||||
04/25/2065 | 2.591% | 5,000,000 | 3,812,885 | |
CMO Series 2020-3 Class M1 | ||||
04/25/2065 | 3.544% | 2,800,000 | 2,117,569 | |
CMO Series 2020-INV1 Class A2 | ||||
11/25/2055 | 1.439% | 3,517,678 | 3,151,403 | |
CMO Series 2020-INV1 Class A3 | ||||
11/25/2055 | 1.593% | 1,331,470 | 1,194,222 | |
CMO Series 2021-3 Class A1 | ||||
06/25/2056 | 1.127% | 834,222 | 643,766 | |
Stonnington Mortgage Trust(a),(c),(i),(j) | ||||
CMO Series 2020-1 Class A | ||||
07/28/2024 | 5.500% | 249,950 | 246,200 | |
Towd Point Mortgage Trust(a),(c) | ||||
CMO Series 2019-4 Class M1B | ||||
10/25/2059 | 3.000% | 10,000,000 | 7,339,735 | |
TRK Trust(a),(c) | ||||
CMO Series 2021-INV2 Class A1 | ||||
11/25/2056 | 1.966% | 5,443,594 | 4,319,769 | |
Vendee Mortgage Trust(c),(h) | ||||
CMO Series 1998-1 Class 2IO | ||||
03/15/2028 | 0.000% | 385,868 | 0 |
16 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 1998-3 Class IO | ||||
03/15/2029 | 0.000% | 482,415 | 1 | |
Verus Securitization Trust(a),(c) | ||||
CMO Series 2019-INV3 Class A3 | ||||
11/25/2059 | 3.100% | 249,541 | 237,648 | |
CMO Series 2020-1 Class A3 | ||||
01/25/2060 | 2.724% | 757,198 | 709,797 | |
CMO Series 2020-4 Class A3 | ||||
05/25/2065 | 2.321% | 1,270,002 | 1,174,267 | |
CMO Series 2021-4 Class A2 | ||||
07/25/2066 | 1.247% | 3,943,252 | 2,940,913 | |
Verus Securitization Trust(a) | ||||
CMO Series 2020-INV1 Class A2 | ||||
03/25/2060 | 3.035% | 4,000,000 | 3,821,207 | |
CMO Series 2020-INV1 Class A3 | ||||
03/25/2060 | 3.889% | 2,800,000 | 2,620,978 | |
Visio Trust(a) | ||||
CMO Series 2020-1R Class A3 | ||||
11/25/2055 | 1.873% | 1,219,762 | 1,104,638 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2021-1R Class A1 | ||||
05/25/2056 | 1.280% | 2,151,667 | 1,946,573 | |
Total Residential Mortgage-Backed Securities - Non-Agency (Cost $261,632,917) | 236,055,233 |
Money Market Funds 4.3% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.630%(k),(l) | 36,867,734 | 36,856,674 |
Total Money Market Funds (Cost $36,852,040) | 36,856,674 | |
Total Investments in Securities (Cost: $1,167,765,134) | 1,071,965,821 | |
Other Assets & Liabilities, Net | (209,624,068) | |
Net Assets | 862,341,753 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 2-Year Note | 328 | 12/2023 | USD | 66,394,375 | — | (331,882) |
U.S. Treasury 5-Year Note | 1,555 | 12/2023 | USD | 162,461,055 | — | (2,433,302) |
U.S. Treasury Ultra Bond | 122 | 12/2023 | USD | 13,732,625 | — | (690,759) |
Total | — | (3,455,943) |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Long Bond | (165) | 12/2023 | USD | (18,057,188) | 1,629,094 | — |
U.S. Treasury 10-Year Note | (93) | 12/2023 | USD | (9,873,984) | 1,385 | — |
Total | 1,630,479 | — |
Put option contracts written | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Premium received ($) | Value ($) |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay SOFR | Citi | USD | (30,800,000) | (30,800,000) | 5.10 | 12/27/2023 | (85,470) | (108,139) |
Columbia Bond Fund | Semiannual Report 2023 | 17 |
October 31, 2023 (Unaudited)
(a) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At October 31, 2023, the total value of these securities amounted to $510,610,937, which represents 59.21% of total net assets. |
(b) | Variable rate security. The interest rate shown was the current rate as of October 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 October 31, 2023. |
(d) | Non-income producing investment. |
(e) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of October 31, 2023. |
(f) | Represents a security purchased on a when-issued basis. |
(g) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(h) | Represents interest only securities which have the right to receive the monthly interest payments on an underlying pool of mortgage loans. |
(i) | Valuation based on significant unobservable inputs. |
(j) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At October 31, 2023, the total value of these securities amounted to $246,200, which represents 0.03% of total net assets. |
(k) | The rate shown is the seven-day current annualized yield at October 31, 2023. |
(l) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 5.630% | ||||||||
92,910,208 | 184,385,688 | (240,443,695) | 4,473 | 36,856,674 | (1,103) | 1,366,760 | 36,867,734 |
CMO | Collateralized Mortgage Obligation |
CMT | Constant Maturity Treasury |
SOFR | Secured Overnight Financing Rate |
TBA | To Be Announced |
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
18 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Investment Manager. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Asset-Backed Securities — Non-Agency | — | 195,603,022 | — | 195,603,022 |
Commercial Mortgage-Backed Securities - Agency | — | 925,865 | — | 925,865 |
Commercial Mortgage-Backed Securities - Non-Agency | — | 75,986,743 | — | 75,986,743 |
Common Stocks | ||||
Consumer Staples | — | 16 | — | 16 |
Energy | 95 | — | — | 95 |
Financials | 1,255 | — | — | 1,255 |
Total Common Stocks | 1,350 | 16 | — | 1,366 |
Corporate Bonds & Notes | — | 167,484,058 | — | 167,484,058 |
Residential Mortgage-Backed Securities - Agency | — | 359,052,860 | — | 359,052,860 |
Residential Mortgage-Backed Securities - Non-Agency | — | 230,217,729 | 5,837,504 | 236,055,233 |
Money Market Funds | 36,856,674 | — | — | 36,856,674 |
Total Investments in Securities | 36,858,024 | 1,029,270,293 | 5,837,504 | 1,071,965,821 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 1,630,479 | — | — | 1,630,479 |
Liability | ||||
Futures Contracts | (3,455,943) | — | — | (3,455,943) |
Put Option Contracts Written | — | (108,139) | — | (108,139) |
Total | 35,032,560 | 1,029,162,154 | 5,837,504 | 1,070,032,218 |
Balance as of 04/30/2023 ($) | Increase (decrease) in accrued discounts/ premiums ($) | Realized gain (loss) ($) | Change in unrealized appreciation (depreciation)(a) ($) | Purchases ($) | Sales ($) | Transfers into Level 3 ($) | Transfers out of Level 3 ($) | Balance as of 10/31/2023 ($) | |
Asset-Backed Securities — Non-Agency | 1,995,000 | - | - | - | - | - | - | (1,995,000) | - |
Residential Mortgage-Backed Securities — Non-Agency | 9,051,066 | - | - | 10,137 | - | (3,223,699) | - | - | 5,837,504 |
Total | 11,046,066 | - | - | 10,137 | - | (3,223,699) | - | (1,995,000) | 5,837,504 |
Columbia Bond Fund | Semiannual Report 2023 | 19 |
October 31, 2023 (Unaudited)
(a) Change in unrealized appreciation (depreciation) relating to securities held at October 31, 2023 was $10,137, which is comprised of Residential Mortgage-Backed Securities — Non-Agency.
20 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,130,913,094) | $1,035,109,147 |
Affiliated issuers (cost $36,852,040) | 36,856,674 |
Cash collateral held at broker for: | |
TBA | 3,120,527 |
Receivable for: | |
Investments sold | 2,698,592 |
Capital shares sold | 3,505,520 |
Dividends | 105,461 |
Interest | 4,368,163 |
Variation margin for futures contracts | 35,855 |
Trustees’ fees | 205,226 |
Expense reimbursement due from Investment Manager | 3,694 |
Prepaid expenses | 10,085 |
Other assets | 2,624 |
Total assets | 1,086,021,568 |
Liabilities | |
Option contracts written, at value (premiums received $85,470) | 108,139 |
Payable for: | |
Investments purchased on a delayed delivery basis | 218,370,351 |
Capital shares redeemed | 870,316 |
Distributions to shareholders | 3,740,993 |
Variation margin for futures contracts | 246,582 |
Management services fees | 11,748 |
Distribution and/or service fees | 618 |
Transfer agent fees | 17,458 |
Trustees’ fees | 271,152 |
Compensation of chief compliance officer | 91 |
Other expenses | 42,367 |
Total liabilities | 223,679,815 |
Net assets applicable to outstanding capital stock | $862,341,753 |
Represented by | |
Paid in capital | 1,122,076,882 |
Total distributable earnings (loss) | (259,735,129) |
Total - representing net assets applicable to outstanding capital stock | $862,341,753 |
Columbia Bond Fund | Semiannual Report 2023 | 21 |
October 31, 2023 (Unaudited)
Class A | |
Net assets | $73,428,580 |
Shares outstanding | 2,695,613 |
Net asset value per share | $27.24 |
Maximum sales charge | 4.75% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $28.60 |
Advisor Class | |
Net assets | $1,064,389 |
Shares outstanding | 39,125 |
Net asset value per share | $27.20 |
Class C | |
Net assets | $3,383,699 |
Shares outstanding | 124,398 |
Net asset value per share | $27.20 |
Institutional Class | |
Net assets | $65,143,529 |
Shares outstanding | 2,391,711 |
Net asset value per share | $27.24 |
Institutional 2 Class | |
Net assets | $16,257,067 |
Shares outstanding | 598,415 |
Net asset value per share | $27.17 |
Institutional 3 Class | |
Net assets | $697,929,066 |
Shares outstanding | 25,568,404 |
Net asset value per share | $27.30 |
Class R | |
Net assets | $243,552 |
Shares outstanding | 8,942 |
Net asset value per share | $27.24 |
Class V | |
Net assets | $4,891,871 |
Shares outstanding | 179,937 |
Net asset value per share | $27.19 |
Maximum sales charge | 4.75% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class V shares) | $28.55 |
22 | Columbia Bond Fund | Semiannual Report 2023 |
Six Months Ended October 31, 2023 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $27 |
Dividends — affiliated issuers | 1,366,760 |
Interest | 21,775,763 |
Interfund lending | 1,245 |
Foreign taxes withheld | (29,284) |
Total income | 23,114,511 |
Expenses: | |
Management services fees | 2,364,484 |
Distribution and/or service fees | |
Class A | 99,092 |
Class C | 18,826 |
Class R | 619 |
Class V | 4,007 |
Transfer agent fees | |
Class A | 47,745 |
Advisor Class | 677 |
Class C | 2,268 |
Institutional Class | 53,360 |
Institutional 2 Class | 7,121 |
Institutional 3 Class | 20,593 |
Class R | 149 |
Class V | 3,216 |
Trustees’ fees | 15,409 |
Custodian fees | 15,536 |
Printing and postage fees | 15,119 |
Registration fees | 65,038 |
Accounting services fees | 20,770 |
Legal fees | 12,124 |
Interest on collateral | 1,988 |
Compensation of chief compliance officer | 91 |
Other | 13,733 |
Total expenses | 2,781,965 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (660,332) |
Fees waived by transfer agent | |
Institutional 2 Class | (534) |
Institutional 3 Class | (13,856) |
Expense reduction | (731) |
Total net expenses | 2,106,512 |
Net investment income | 21,007,999 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (25,231,885) |
Investments — affiliated issuers | (1,103) |
Futures contracts | (10,544,432) |
Option contracts purchased | (686,660) |
Net realized loss | (36,464,080) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (36,109,742) |
Investments — affiliated issuers | 4,473 |
Futures contracts | (9,995,508) |
Option contracts purchased | 738,534 |
Option contracts written | (22,669) |
Net change in unrealized appreciation (depreciation) | (45,384,912) |
Net realized and unrealized loss | (81,848,992) |
Net decrease in net assets resulting from operations | $(60,840,993) |
Columbia Bond Fund | Semiannual Report 2023 | 23 |
Six Months Ended October 31, 2023 (Unaudited) | Year Ended April 30, 2023 | |
Operations | ||
Net investment income | $21,007,999 | $31,854,281 |
Net realized loss | (36,464,080) | (83,187,911) |
Net change in unrealized appreciation (depreciation) | (45,384,912) | 32,270,579 |
Net decrease in net assets resulting from operations | (60,840,993) | (19,063,051) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (1,652,155) | (2,382,407) |
Advisor Class | (24,792) | (67,054) |
Class C | (64,489) | (91,492) |
Institutional Class | (1,946,338) | (2,168,440) |
Institutional 2 Class | (563,969) | (435,234) |
Institutional 3 Class | (16,881,090) | (26,451,528) |
Class R | (4,863) | (8,241) |
Class V | (113,757) | (181,843) |
Total distributions to shareholders | (21,251,453) | (31,786,239) |
Decrease in net assets from capital stock activity | (18,829,285) | (7,025,916) |
Total decrease in net assets | (100,921,731) | (57,875,206) |
Net assets at beginning of period | 963,263,484 | 1,021,138,690 |
Net assets at end of period | $862,341,753 | $963,263,484 |
24 | Columbia Bond Fund | Semiannual Report 2023 |
Six Months Ended | Year Ended | |||
October 31, 2023 (Unaudited) | April 30, 2023 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Shares sold | 337,681 | 9,761,698 | 507,815 | 15,160,104 |
Distributions reinvested | 50,397 | 1,436,344 | 69,426 | 2,051,769 |
Shares redeemed | (325,083) | (9,291,353) | (534,726) | (15,947,139) |
Net increase | 62,995 | 1,906,689 | 42,515 | 1,264,734 |
Advisor Class | ||||
Shares sold | 6,314 | 183,029 | 6,582 | 193,361 |
Distributions reinvested | 864 | 24,607 | 2,248 | 66,756 |
Shares redeemed | (7,242) | (209,694) | (80,530) | (2,318,622) |
Net decrease | (64) | (2,058) | (71,700) | (2,058,505) |
Class C | ||||
Shares sold | 28,711 | 828,060 | 27,540 | 810,763 |
Distributions reinvested | 2,191 | 62,350 | 2,893 | 85,203 |
Shares redeemed | (26,862) | (762,738) | (67,225) | (2,016,973) |
Net increase (decrease) | 4,040 | 127,672 | (36,792) | (1,121,007) |
Institutional Class | ||||
Shares sold | 637,677 | 18,498,951 | 1,502,427 | 44,900,228 |
Distributions reinvested | 63,528 | 1,815,167 | 66,293 | 1,961,422 |
Shares redeemed | (1,327,539) | (37,749,105) | (982,374) | (29,580,684) |
Net increase (decrease) | (626,334) | (17,434,987) | 586,346 | 17,280,966 |
Institutional 2 Class | ||||
Shares sold | 248,503 | 7,169,843 | 871,494 | 25,807,130 |
Distributions reinvested | 19,745 | 563,919 | 14,730 | 435,234 |
Shares redeemed | (731,345) | (20,957,288) | (210,527) | (6,176,709) |
Net increase (decrease) | (463,097) | (13,223,526) | 675,697 | 20,065,655 |
Institutional 3 Class | ||||
Shares sold | 737,479 | 21,237,884 | 982,696 | 29,129,632 |
Distributions reinvested | 362,596 | 10,356,471 | 552,905 | 16,392,158 |
Shares redeemed | (761,231) | (21,651,419) | (2,902,845) | (87,494,983) |
Net increase (decrease) | 338,844 | 9,942,936 | (1,367,244) | (41,973,193) |
Class R | ||||
Shares sold | 985 | 28,301 | 2,294 | 68,770 |
Distributions reinvested | 171 | 4,862 | 277 | 8,168 |
Shares redeemed | (534) | (15,683) | (5,160) | (152,998) |
Net increase (decrease) | 622 | 17,480 | (2,589) | (76,060) |
Class V | ||||
Shares sold | 715 | 20,270 | 1,455 | 43,393 |
Distributions reinvested | 2,896 | 82,390 | 4,356 | 128,524 |
Shares redeemed | (9,335) | (266,151) | (19,519) | (580,423) |
Net decrease | (5,724) | (163,491) | (13,708) | (408,506) |
Total net decrease | (688,718) | (18,829,285) | (187,475) | (7,025,916) |
Columbia Bond Fund | Semiannual Report 2023 | 25 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $29.78 | 0.60 | (2.53) | (1.93) | (0.61) | — | (0.61) |
Year Ended 4/30/2023 | $31.39 | 0.93 | (1.62) | (0.69) | (0.92) | — | (0.92) |
Year Ended 4/30/2022 | $35.38 | 0.50 | (4.00) | (3.50) | (0.49) | — | (0.49) |
Year Ended 4/30/2021(e) | $34.88 | 0.69 | 1.39 | 2.08 | (0.72) | (0.86) | (1.58) |
Year Ended 4/30/2020(e) | $33.84 | 0.88 | 1.48 | 2.36 | (0.88) | (0.44) | (1.32) |
Year Ended 4/30/2019(e) | $33.13 | 0.92 | 0.67 | 1.59 | (0.88) | — | (0.88) |
Advisor Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $29.74 | 0.64 | (2.54) | (1.90) | (0.64) | — | (0.64) |
Year Ended 4/30/2023 | $31.34 | 0.94 | (1.54) | (0.60) | (1.00) | — | (1.00) |
Year Ended 4/30/2022 | $35.33 | 0.58 | (4.00) | (3.42) | (0.57) | — | (0.57) |
Year Ended 4/30/2021(e) | $34.83 | 0.79 | 1.38 | 2.17 | (0.81) | (0.86) | (1.67) |
Year Ended 4/30/2020(e) | $33.80 | 0.96 | 1.47 | 2.43 | (0.96) | (0.44) | (1.40) |
Year Ended 4/30/2019(e) | $33.09 | 1.00 | 0.71 | 1.71 | (1.00) | — | (1.00) |
Class C | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $29.74 | 0.49 | (2.53) | (2.04) | (0.50) | — | (0.50) |
Year Ended 4/30/2023 | $31.34 | 0.69 | (1.59) | (0.90) | (0.70) | — | (0.70) |
Year Ended 4/30/2022 | $35.33 | 0.24 | (4.01) | (3.77) | (0.22) | — | (0.22) |
Year Ended 4/30/2021(e) | $34.83 | 0.43 | 1.38 | 1.81 | (0.45) | (0.86) | (1.31) |
Year Ended 4/30/2020(e) | $33.79 | 0.60 | 1.52 | 2.12 | (0.64) | (0.44) | (1.08) |
Year Ended 4/30/2019(e) | $33.08 | 0.64 | 0.71 | 1.35 | (0.64) | — | (0.64) |
Institutional Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $29.78 | 0.64 | (2.54) | (1.90) | (0.64) | — | (0.64) |
Year Ended 4/30/2023 | $31.38 | 1.01 | (1.61) | (0.60) | (1.00) | — | (1.00) |
Year Ended 4/30/2022 | $35.37 | 0.59 | (4.01) | (3.42) | (0.57) | — | (0.57) |
Year Ended 4/30/2021(e) | $34.88 | 0.78 | 1.38 | 2.16 | (0.81) | (0.86) | (1.67) |
Year Ended 4/30/2020(e) | $33.83 | 0.96 | 1.49 | 2.45 | (0.96) | (0.44) | (1.40) |
Year Ended 4/30/2019(e) | $33.13 | 1.00 | 0.70 | 1.70 | (1.00) | — | (1.00) |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $29.70 | 0.64 | (2.52) | (1.88) | (0.65) | — | (0.65) |
Year Ended 4/30/2023 | $31.30 | 1.06 | (1.64) | (0.58) | (1.02) | — | (1.02) |
Year Ended 4/30/2022 | $35.28 | 0.61 | (3.99) | (3.38) | (0.60) | — | (0.60) |
Year Ended 4/30/2021(e) | $34.78 | 0.80 | 1.39 | 2.19 | (0.83) | (0.86) | (1.69) |
Year Ended 4/30/2020(e) | $33.74 | 1.00 | 1.48 | 2.48 | (1.00) | (0.44) | (1.44) |
Year Ended 4/30/2019(e) | $33.02 | 1.04 | 0.68 | 1.72 | (1.00) | — | (1.00) |
26 | Columbia 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 10/31/2023 (Unaudited) | $27.24 | (6.56%) | 0.90%(c) | 0.76%(c),(d) | 4.12% | 131% | $73,429 |
Year Ended 4/30/2023 | $29.78 | (2.12%) | 0.91%(c) | 0.77%(c),(d) | 3.10% | 260% | $78,406 |
Year Ended 4/30/2022 | $31.39 | (10.02%) | 0.90%(c) | 0.77%(c),(d) | 1.44% | 224% | $81,291 |
Year Ended 4/30/2021(e) | $35.38 | 5.96% | 0.91%(c) | 0.77%(c),(d) | 1.92% | 227% | $99,681 |
Year Ended 4/30/2020(e) | $34.88 | 7.05% | 0.97% | 0.80%(d) | 2.50% | 229% | $75,375 |
Year Ended 4/30/2019(e) | $33.84 | 4.98% | 1.01% | 0.83%(d) | 2.73% | 236% | $49,696 |
Advisor Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $27.20 | (6.45%) | 0.65%(c) | 0.51%(c),(d) | 4.37% | 131% | $1,064 |
Year Ended 4/30/2023 | $29.74 | (1.85%) | 0.66%(c) | 0.52%(c),(d) | 3.11% | 260% | $1,166 |
Year Ended 4/30/2022 | $31.34 | (9.81%) | 0.65%(c) | 0.52%(c),(d) | 1.70% | 224% | $3,475 |
Year Ended 4/30/2021(e) | $35.33 | 6.20% | 0.66%(c) | 0.52%(c),(d) | 2.19% | 227% | $2,123 |
Year Ended 4/30/2020(e) | $34.83 | 7.32% | 0.71% | 0.55%(d) | 2.74% | 229% | $1,676 |
Year Ended 4/30/2019(e) | $33.80 | 5.24% | 0.76% | 0.58%(d) | 3.03% | 236% | $738 |
Class C | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $27.20 | (6.92%) | 1.66%(c) | 1.51%(c),(d) | 3.37% | 131% | $3,384 |
Year Ended 4/30/2023 | $29.74 | (2.82%) | 1.66%(c) | 1.52%(c),(d) | 2.31% | 260% | $3,579 |
Year Ended 4/30/2022 | $31.34 | (10.71%) | 1.65%(c) | 1.52%(c),(d) | 0.69% | 224% | $4,925 |
Year Ended 4/30/2021(e) | $35.33 | 5.15% | 1.66%(c) | 1.52%(c),(d) | 1.19% | 227% | $7,680 |
Year Ended 4/30/2020(e) | $34.83 | 6.26% | 1.72% | 1.55%(d) | 1.74% | 229% | $8,519 |
Year Ended 4/30/2019(e) | $33.79 | 4.20% | 1.76% | 1.59%(d) | 1.96% | 236% | $4,058 |
Institutional Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $27.24 | (6.44%) | 0.65%(c) | 0.51%(c),(d) | 4.36% | 131% | $65,144 |
Year Ended 4/30/2023 | $29.78 | (1.84%) | 0.66%(c) | 0.52%(c),(d) | 3.37% | 260% | $89,875 |
Year Ended 4/30/2022 | $31.38 | (9.80%) | 0.65%(c) | 0.52%(c),(d) | 1.69% | 224% | $76,311 |
Year Ended 4/30/2021(e) | $35.37 | 6.19% | 0.66%(c) | 0.52%(c),(d) | 2.18% | 227% | $80,542 |
Year Ended 4/30/2020(e) | $34.88 | 7.32% | 0.72% | 0.55%(d) | 2.76% | 229% | $68,640 |
Year Ended 4/30/2019(e) | $33.83 | 5.24% | 0.76% | 0.58%(d) | 2.97% | 236% | $51,185 |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $27.17 | (6.40%) | 0.59%(c) | 0.45%(c) | 4.40% | 131% | $16,257 |
Year Ended 4/30/2023 | $29.70 | (1.78%) | 0.59%(c) | 0.45%(c) | 3.58% | 260% | $31,528 |
Year Ended 4/30/2022 | $31.30 | (9.74%) | 0.58%(c) | 0.45%(c) | 1.76% | 224% | $12,075 |
Year Ended 4/30/2021(e) | $35.28 | 6.24% | 0.60%(c) | 0.45%(c) | 2.23% | 227% | $10,058 |
Year Ended 4/30/2020(e) | $34.78 | 7.55% | 0.62% | 0.46% | 2.83% | 229% | $6,038 |
Year Ended 4/30/2019(e) | $33.74 | 5.24% | 0.64% | 0.47% | 3.20% | 236% | $3,687 |
Columbia Bond Fund | Semiannual Report 2023 | 27 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $29.84 | 0.66 | (2.54) | (1.88) | (0.66) | — | (0.66) |
Year Ended 4/30/2023 | $31.45 | 1.04 | (1.61) | (0.57) | (1.04) | — | (1.04) |
Year Ended 4/30/2022 | $35.45 | 0.63 | (4.01) | (3.38) | (0.62) | — | (0.62) |
Year Ended 4/30/2021(e) | $34.95 | 0.79 | 1.42 | 2.21 | (0.85) | (0.86) | (1.71) |
Year Ended 4/30/2020(e) | $33.90 | 1.00 | 1.53 | 2.53 | (1.04) | (0.44) | (1.48) |
Year Ended 4/30/2019(e) | $33.19 | 1.04 | 0.71 | 1.75 | (1.04) | — | (1.04) |
Class R | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $29.78 | 0.56 | (2.53) | (1.97) | (0.57) | — | (0.57) |
Year Ended 4/30/2023 | $31.38 | 0.84 | (1.59) | (0.75) | (0.85) | — | (0.85) |
Year Ended 4/30/2022 | $35.38 | 0.41 | (4.01) | (3.60) | (0.40) | — | (0.40) |
Year Ended 4/30/2021(e) | $34.88 | 0.61 | 1.38 | 1.99 | (0.63) | (0.86) | (1.49) |
Year Ended 4/30/2020(e) | $33.83 | 0.80 | 1.49 | 2.29 | (0.80) | (0.44) | (1.24) |
Year Ended 4/30/2019(e) | $33.12 | 0.84 | 0.67 | 1.51 | (0.80) | — | (0.80) |
Class V | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $29.72 | 0.61 | (2.52) | (1.91) | (0.62) | — | (0.62) |
Year Ended 4/30/2023 | $31.33 | 0.95 | (1.61) | (0.66) | (0.95) | — | (0.95) |
Year Ended 4/30/2022 | $35.31 | 0.53 | (3.99) | (3.46) | (0.52) | — | (0.52) |
Year Ended 4/30/2021(e) | $34.82 | 0.73 | 1.37 | 2.10 | (0.75) | (0.86) | (1.61) |
Year Ended 4/30/2020(e) | $33.78 | 0.92 | 1.48 | 2.40 | (0.92) | (0.44) | (1.36) |
Year Ended 4/30/2019(e) | $33.07 | 0.92 | 0.71 | 1.63 | (0.92) | — | (0.92) |
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) | Ratios include interest on collateral expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Per share amounts have been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
28 | Columbia 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 10/31/2023 (Unaudited) | $27.30 | (6.37%) | 0.54%(c) | 0.40%(c) | 4.48% | 131% | $697,929 |
Year Ended 4/30/2023 | $29.84 | (1.74%) | 0.54%(c) | 0.40%(c) | 3.47% | 260% | $752,943 |
Year Ended 4/30/2022 | $31.45 | (9.70%) | 0.53%(c) | 0.40%(c) | 1.81% | 224% | $836,474 |
Year Ended 4/30/2021(e) | $35.45 | 6.31% | 0.55%(c) | 0.40%(c) | 2.22% | 227% | $925,195 |
Year Ended 4/30/2020(e) | $34.95 | 7.47% | 0.57% | 0.40% | 2.91% | 229% | $265,665 |
Year Ended 4/30/2019(e) | $33.90 | 5.41% | 0.58% | 0.42% | 3.14% | 236% | $257,417 |
Class R | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $27.24 | (6.67%) | 1.16%(c) | 1.01%(c),(d) | 3.87% | 131% | $244 |
Year Ended 4/30/2023 | $29.78 | (2.33%) | 1.16%(c) | 1.02%(c),(d) | 2.83% | 260% | $248 |
Year Ended 4/30/2022 | $31.38 | (10.28%) | 1.14%(c) | 1.02%(c),(d) | 1.18% | 224% | $342 |
Year Ended 4/30/2021(e) | $35.38 | 5.70% | 1.16%(c) | 1.02%(c),(d) | 1.69% | 227% | $1,127 |
Year Ended 4/30/2020(e) | $34.88 | 6.79% | 1.22% | 1.05%(d) | 2.26% | 229% | $1,225 |
Year Ended 4/30/2019(e) | $33.83 | 4.71% | 1.26% | 1.08%(d) | 2.51% | 236% | $680 |
Class V | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $27.19 | (6.49%) | 0.80%(c) | 0.66%(c),(d) | 4.22% | 131% | $4,892 |
Year Ended 4/30/2023 | $29.72 | (2.03%) | 0.81%(c) | 0.67%(c),(d) | 3.19% | 260% | $5,519 |
Year Ended 4/30/2022 | $31.33 | (9.93%) | 0.80%(c) | 0.67%(c),(d) | 1.54% | 224% | $6,246 |
Year Ended 4/30/2021(e) | $35.31 | 6.10% | 0.81%(c) | 0.67%(c),(d) | 2.04% | 227% | $7,640 |
Year Ended 4/30/2020(e) | $34.82 | 7.17% | 0.87% | 0.70%(d) | 2.62% | 229% | $8,145 |
Year Ended 4/30/2019(e) | $33.78 | 4.96% | 0.91% | 0.73%(d) | 2.83% | 236% | $8,242 |
Columbia Bond Fund | Semiannual Report 2023 | 29 |
October 31, 2023 (Unaudited)
30 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Bond Fund | Semiannual Report 2023 | 31 |
October 31, 2023 (Unaudited)
32 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Bond Fund | Semiannual Report 2023 | 33 |
October 31, 2023 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 1,630,479* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 3,455,943* |
Interest rate risk | Option contracts written, at value | 108,139 |
Total | 3,564,082 |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |||
Risk exposure category | Futures contracts ($) | Option contracts purchased ($) | Total ($) |
Interest rate risk | (10,544,432) | (686,660) | (11,231,092) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||
Risk exposure category | Futures contracts ($) | Option contracts purchased ($) | Option contracts written ($) | Total ($) |
Interest rate risk | (9,995,508) | 738,534 | (22,669) | (9,279,643) |
Derivative instrument | Average notional amounts ($) |
Futures contracts — long | 277,609,217 |
Futures contracts — short | 48,285,157 |
Derivative instrument | Average value ($) |
Option contracts purchased | 42,311 |
Option contracts written | (23,828) |
34 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Bond Fund | Semiannual Report 2023 | 35 |
October 31, 2023 (Unaudited)
Citi ($) | |
Liabilities | |
Put option contracts written | 108,139 |
Total financial and derivative net assets | (108,139) |
Total collateral received (pledged) (a) | - |
Net amount (b) | (108,139) |
(a) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(b) | Represents the net amount due from/(to) counterparties in the event of default. |
36 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Bond Fund | Semiannual Report 2023 | 37 |
October 31, 2023 (Unaudited)
Effective rate (%) | |
Class A | 0.12 |
Advisor Class | 0.12 |
Class C | 0.12 |
Institutional Class | 0.12 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Class R | 0.12 |
Class V | 0.12 |
38 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 4.75 | 0.50 - 1.00(a) | 38,611 |
Class C | — | 1.00(b) | — |
Class V | 4.75 | 0.50 - 1.00(a) | 23 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Columbia Bond Fund | Semiannual Report 2023 | 39 |
October 31, 2023 (Unaudited)
September 1, 2023 through August 31, 2024 | Prior to September 1, 2023 | |
Class A | 0.74% | 0.77% |
Advisor Class | 0.49 | 0.52 |
Class C | 1.49 | 1.52 |
Institutional Class | 0.49 | 0.52 |
Institutional 2 Class | 0.44 | 0.45 |
Institutional 3 Class | 0.39 | 0.40 |
Class R | 0.99 | 1.02 |
Class V | 0.64 | 0.67 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
1,167,680,000 | 4,374,000 | (102,022,000) | (97,648,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(57,211,023) | (58,164,276) | (115,375,299) |
40 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 2,000,000 | 5.60 | 4 |
Columbia Bond Fund | Semiannual Report 2023 | 41 |
October 31, 2023 (Unaudited)
42 | Columbia Bond Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Bond Fund | Semiannual Report 2023 | 43 |
October 31, 2023 (Unaudited)
44 | Columbia Bond Fund | Semiannual Report 2023 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to one or more benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
Columbia Bond Fund | Semiannual Report 2023 | 45 |
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
46 | Columbia Bond Fund | Semiannual Report 2023 |
(Unaudited)
Investment Manager’s profitability. The Board reviewed the fees charged to comparable institutional or other accounts/vehicles managed by the Investment Manager and discussed differences in how the products are managed and operated, thus explaining many of the differences in fees.
Columbia Bond Fund | Semiannual Report 2023 | 47 |
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imgf465ea0d2.jpg)
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/img4f6ff06f1.jpg)
October 31, 2023 (Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imgbfcc28a42.jpg)
(Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imga0f32cd43.jpg)
Average annual total returns (%) (for the period ended October 31, 2023) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 07/25/86 | -0.22 | -0.32 | 6.09 | 6.63 |
Including sales charges | -5.95 | -6.04 | 4.84 | 6.00 | ||
Advisor Class | 11/08/12 | -0.10 | -0.05 | 6.36 | 6.90 | |
Class C | Excluding sales charges | 01/15/96 | -0.62 | -1.04 | 5.30 | 5.83 |
Including sales charges | -1.58 | -2.00 | 5.30 | 5.83 | ||
Institutional Class | 07/31/95 | -0.11 | -0.06 | 6.36 | 6.89 | |
Institutional 2 Class | 11/08/12 | -0.05 | 0.03 | 6.47 | 7.03 | |
Institutional 3 Class | 07/15/09 | -0.01 | 0.08 | 6.53 | 7.08 | |
Class R | 09/27/10 | -0.37 | -0.55 | 5.82 | 6.36 | |
Russell 2000 Value Index | -3.44 | -9.93 | 3.26 | 5.20 |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2023) | |
Common Stocks | 99.5 |
Exchange-Traded Equity Funds | 0.2 |
Money Market Funds | 0.3 |
Total | 100.0 |
Equity sector breakdown (%) (at October 31, 2023) | |
Communication Services | 2.7 |
Consumer Discretionary | 14.4 |
Consumer Staples | 1.6 |
Energy | 8.6 |
Financials | 22.3 |
Health Care | 8.5 |
Industrials | 16.4 |
Information Technology | 8.2 |
Materials | 8.7 |
Real Estate | 5.0 |
Utilities | 3.6 |
Total | 100.0 |
4 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
(Unaudited)
May 1, 2023 — October 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 | 997.80 | 1,019.01 | 6.40 | 6.46 | 1.26 |
Advisor Class | 1,000.00 | 1,000.00 | 999.00 | 1,020.28 | 5.13 | 5.18 | 1.01 |
Class C | 1,000.00 | 1,000.00 | 993.80 | 1,015.20 | 10.18 | 10.29 | 2.01 |
Institutional Class | 1,000.00 | 1,000.00 | 998.90 | 1,020.33 | 5.08 | 5.13 | 1.00 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 999.50 | 1,020.79 | 4.62 | 4.67 | 0.91 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 999.90 | 1,021.04 | 4.37 | 4.42 | 0.86 |
Class R | 1,000.00 | 1,000.00 | 996.30 | 1,017.74 | 7.66 | 7.74 | 1.51 |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 5 |
October 31, 2023 (Unaudited)
Common Stocks 99.2% | ||
Issuer | Shares | Value ($) |
Communication Services 2.7% | ||
Diversified Telecommunication Services 0.2% | ||
Bandwidth, Inc., Class A(a) | 240,030 | 2,546,718 |
Entertainment 0.4% | ||
Gaia, Inc.(a),(b) | 754,004 | 2,035,811 |
Playstudios, Inc.(a) | 627,334 | 1,775,355 |
Total | 3,811,166 | |
Media 0.9% | ||
AdTheorent Holding Co., Inc.(a) | 1,762,426 | 2,062,038 |
Criteo SA, ADR(a) | 189,550 | 5,358,579 |
Innovid Corp.(a) | 2,946,011 | 2,946,011 |
Total | 10,366,628 | |
Wireless Telecommunication Services 1.2% | ||
Telephone and Data Systems, Inc. | 401,911 | 7,310,761 |
United States Cellular Corp.(a) | 133,815 | 5,624,245 |
Total | 12,935,006 | |
Total Communication Services | 29,659,518 | |
Consumer Discretionary 14.2% | ||
Auto Components 1.0% | ||
Gentherm, Inc.(a) | 101,248 | 4,072,195 |
Modine Manufacturing Co.(a) | 189,063 | 7,467,988 |
Total | 11,540,183 | |
Broadline Retail 0.9% | ||
Redbubble Ltd.(a) | 4,798,204 | 1,711,365 |
Savers Value Village, Inc.(a) | 529,985 | 7,933,875 |
Total | 9,645,240 | |
Distributors 0.0% | ||
Educational Development Corp.(a) | 350,171 | 332,557 |
Diversified Consumer Services 1.0% | ||
American Public Education, Inc.(a) | 573,670 | 2,392,204 |
Stride, Inc.(a) | 152,060 | 8,360,258 |
Total | 10,752,462 | |
Hotels, Restaurants & Leisure 1.0% | ||
Everi Holdings, Inc.(a) | 457,560 | 4,937,072 |
PlayAGS, Inc.(a) | 856,733 | 6,117,074 |
Total | 11,054,146 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Durables 2.9% | ||
Cavco Industries, Inc.(a) | 22,707 | 5,665,624 |
Century Communities, Inc. | 85,980 | 5,287,770 |
Hamilton Beach Brands Holding Co. | 452,923 | 5,580,011 |
iRobot Corp.(a) | 108,900 | 3,586,077 |
Landsea Homes Corp.(a) | 268,604 | 1,998,414 |
Legacy Housing Corp.(a) | 217,135 | 4,019,169 |
Lifetime Brands, Inc. | 435,547 | 2,325,821 |
Lovesac Co. (The)(a) | 99,713 | 1,641,276 |
Universal Electronics, Inc.(a) | 330,045 | 2,590,853 |
Total | 32,695,015 | |
Leisure Products 1.2% | ||
Latham Group, Inc.(a) | 688,658 | 1,577,027 |
Malibu Boats, Inc., Class A(a) | 86,095 | 3,755,464 |
Topgolf Callaway Brands Corp.(a) | 636,101 | 7,773,154 |
Total | 13,105,645 | |
Specialty Retail 4.5% | ||
1-800-Flowers.com, Inc., Class A(a) | 244,004 | 1,832,470 |
Advance Auto Parts, Inc. | 125,560 | 6,532,887 |
Brilliant Earth Group, Inc., Class A(a) | 447,385 | 1,301,890 |
Citi Trends, Inc.(a) | 133,860 | 3,226,026 |
Gap, Inc. (The) | 742,980 | 9,510,144 |
Leslie’s, Inc.(a) | 804,930 | 3,976,354 |
Lulu’s Fashion Lounge Holdings, Inc.(a) | 836,210 | 1,756,041 |
National Vision Holdings, Inc.(a) | 366,466 | 5,694,882 |
Overstock.com, Inc.(a) | 224,130 | 3,496,428 |
ThredUp, Inc., Class A(a) | 1,579,574 | 5,086,228 |
Victoria’s Secret & Co.(a) | 278,220 | 4,974,574 |
Zumiez, Inc.(a) | 175,260 | 2,879,522 |
Total | 50,267,446 |
6 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Textiles, Apparel & Luxury Goods 1.7% | ||
Canada Goose Holdings, Inc.(a) | 464,500 | 5,155,950 |
Culp, Inc.(a) | 283,370 | 1,550,034 |
Fossil Group, Inc.(a) | 997,503 | 1,556,105 |
Movado Group, Inc. | 151,136 | 4,210,649 |
Steven Madden Ltd. | 214,270 | 7,025,913 |
Total | 19,498,651 | |
Total Consumer Discretionary | 158,891,345 | |
Consumer Staples 1.6% | ||
Consumer Staples Distribution & Retail 0.6% | ||
Andersons, Inc. (The) | 133,465 | 6,690,601 |
Food Products 0.8% | ||
Fresh Del Monte Produce, Inc. | 214,754 | 5,368,850 |
Mission Produce, Inc.(a) | 412,275 | 3,879,508 |
Total | 9,248,358 | |
Personal Care Products 0.2% | ||
Honest Co., Inc. (The)(a) | 1,449,890 | 1,681,872 |
Total Consumer Staples | 17,620,831 | |
Energy 8.5% | ||
Energy Equipment & Services 2.4% | ||
Natural Gas Services Group, Inc.(a) | 343,479 | 5,042,272 |
Newpark Resources, Inc.(a) | 560,544 | 3,878,964 |
Pason Systems, Inc. | 661,110 | 6,335,787 |
Patterson-UTI Energy, Inc. | 795,790 | 10,106,533 |
Profire Energy, Inc.(a) | 917,453 | 1,697,288 |
Total | 27,060,844 | |
Oil, Gas & Consumable Fuels 6.1% | ||
Callon Petroleum Co.(a) | 176,920 | 6,607,962 |
CVR Energy, Inc. | 243,580 | 7,977,245 |
Delek U.S. Holdings, Inc. | 272,280 | 7,174,578 |
Kinetik Holdings, Inc. | 183,185 | 6,492,076 |
Magnolia Oil & Gas Corp., Class A | 244,400 | 5,486,780 |
Murphy Oil Corp. | 407,976 | 18,305,883 |
Ring Energy, Inc.(a) | 2,377,720 | 4,137,233 |
Talos Energy, Inc.(a) | 499,570 | 7,743,335 |
W&T Offshore, Inc.(a) | 1,102,941 | 4,577,205 |
Total | 68,502,297 | |
Total Energy | 95,563,141 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Financials 22.1% | ||
Banks 13.0% | ||
Ameris Bancorp | 227,674 | 8,492,240 |
Bank of Marin Bancorp | 136,214 | 2,288,395 |
BankUnited, Inc. | 299,216 | 6,525,901 |
Banner Corp. | 162,186 | 6,845,871 |
Capital Bancorp, Inc. | 190,430 | 3,892,389 |
Central Pacific Financial Corp. | 223,451 | 3,526,057 |
Central Valley Community Bancorp | 202,560 | 3,194,371 |
Columbia Banking System, Inc. | 455,920 | 8,967,946 |
Community Trust Bancorp, Inc. | 88,153 | 3,311,027 |
Eastern Bankshares, Inc. | 503,260 | 5,540,893 |
First Community Corp. | 197,330 | 3,492,741 |
First Financial Corp. | 94,120 | 3,238,669 |
Heritage Financial Corp. | 244,160 | 3,972,483 |
HomeStreet, Inc. | 234,637 | 1,133,297 |
Northrim BanCorp, Inc. | 138,226 | 5,765,407 |
OFG Bancorp | 232,631 | 6,890,530 |
Popular, Inc. | 163,794 | 10,653,162 |
Provident Financial Holdings, Inc. | 192,036 | 2,294,830 |
Riverview Bancorp, Inc. | 449,565 | 2,405,173 |
Sierra Bancorp | 191,997 | 3,379,147 |
Southern First Bancshares, Inc.(a) | 155,014 | 4,185,378 |
Synovus Financial Corp. | 279,020 | 7,274,051 |
Territorial Bancorp, Inc. | 248,777 | 1,920,559 |
Towne Bank | 262,244 | 6,278,121 |
UMB Financial Corp. | 155,952 | 9,781,310 |
WaFd, Inc. | 300,680 | 7,420,782 |
Western New England Bancorp, Inc. | 554,380 | 3,974,905 |
Zions Bancorp | 258,740 | 7,982,129 |
Total | 144,627,764 | |
Capital Markets 0.7% | ||
StoneX Group, Inc.(a) | 85,619 | 8,161,203 |
Consumer Finance 0.4% | ||
PROG Holdings, Inc.(a) | 166,683 | 4,565,447 |
Financial Services 5.3% | ||
Alerus Financial Corp. | 212,391 | 3,676,488 |
Cass Information Systems, Inc. | 87,522 | 3,309,207 |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 7 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Essent Group Ltd. | 322,470 | 15,233,483 |
EVERTEC, Inc. | 145,740 | 4,631,617 |
International Money Express, Inc.(a) | 182,290 | 2,909,348 |
MGIC Investment Corp. | 689,925 | 11,618,337 |
NMI Holdings, Inc., Class A(a) | 344,717 | 9,428,010 |
Payoneer Global, Inc.(a) | 1,424,288 | 8,246,628 |
Total | 59,053,118 | |
Insurance 2.7% | ||
Global Indemnity Group LLC | 202,223 | 7,065,671 |
Greenlight Capital Re Ltd., Class A(a) | 320,826 | 3,577,210 |
Horace Mann Educators Corp. | 219,960 | 6,979,331 |
Mercury General Corp. | 224,953 | 6,946,549 |
ProAssurance Corp. | 338,580 | 5,755,860 |
Total | 30,324,621 | |
Total Financials | 246,732,153 | |
Health Care 8.5% | ||
Biotechnology 3.7% | ||
Apellis Pharmaceuticals, Inc.(a) | 151,525 | 7,373,207 |
Arcutis Biotherapeutics, Inc.(a) | 693,660 | 1,560,735 |
Arrowhead Pharmaceuticals, Inc.(a) | 158,709 | 3,902,654 |
Atara Biotherapeutics, Inc.(a) | 1,314,215 | 1,695,337 |
BioCryst Pharmaceuticals, Inc.(a) | 345,960 | 1,899,320 |
Bioxcel Therapeutics, Inc.(a) | 346,826 | 1,392,506 |
Celcuity, Inc.(a) | 181,250 | 1,930,313 |
Insmed, Inc.(a) | 219,120 | 5,491,147 |
Lexicon Pharmaceuticals, Inc.(a) | 788,670 | 977,951 |
Natera, Inc.(a) | 102,790 | 4,057,121 |
Olema Pharmaceuticals, Inc.(a) | 223,720 | 2,973,239 |
Replimune Group, Inc.(a) | 217,449 | 3,168,232 |
SpringWorks Therapeutics, Inc.(a) | 143,468 | 3,285,417 |
Travere Therapeutics, Inc.(a) | 108,904 | 705,698 |
uniQure NV(a) | 236,010 | 1,345,257 |
Total | 41,758,134 | |
Health Care Equipment & Supplies 0.9% | ||
Inogen, Inc.(a) | 566,227 | 2,531,035 |
LivaNova PLC(a) | 114,573 | 5,619,805 |
Zimvie, Inc.(a) | 311,295 | 2,197,743 |
Total | 10,348,583 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Providers & Services 1.5% | ||
Castle Biosciences, Inc.(a) | 142,487 | 2,225,647 |
Enhabit, Inc.(a) | 264,563 | 1,949,829 |
Fulgent Genetics, Inc.(a) | 122,280 | 2,927,383 |
Guardant Health, Inc.(a) | 149,935 | 3,880,318 |
National HealthCare Corp. | 76,405 | 5,146,641 |
Total | 16,129,818 | |
Health Care Technology 0.2% | ||
Computer Programs & Systems, Inc.(a) | 155,483 | 2,190,755 |
Life Sciences Tools & Services 0.1% | ||
Codexis, Inc.(a) | 733,695 | 1,217,934 |
Pharmaceuticals 2.1% | ||
ANI Pharmaceuticals, Inc.(a) | 90,744 | 5,602,535 |
Perrigo Co. PLC | 244,749 | 6,764,862 |
Supernus Pharmaceuticals, Inc.(a) | 158,525 | 3,780,821 |
Taro Pharmaceutical Industries Ltd.(a) | 197,412 | 6,704,112 |
Total | 22,852,330 | |
Total Health Care | 94,497,554 | |
Industrials 16.3% | ||
Aerospace & Defense 1.0% | ||
Moog, Inc., Class A | 95,131 | 11,039,953 |
Air Freight & Logistics 0.7% | ||
Forward Air Corp. | 67,080 | 4,320,623 |
Radiant Logistics, Inc.(a) | 658,102 | 3,856,478 |
Total | 8,177,101 | |
Building Products 1.9% | ||
AZEK Co., Inc. (The)(a) | 158,726 | 4,158,621 |
AZZ, Inc. | 148,940 | 7,040,394 |
UFP Industries, Inc. | 101,745 | 9,683,072 |
Total | 20,882,087 | |
Commercial Services & Supplies 1.1% | ||
ACCO Brands Corp. | 548,321 | 2,774,504 |
HNI Corp. | 169,160 | 5,868,160 |
VSE Corp. | 65,792 | 3,539,610 |
Total | 12,182,274 |
8 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Electrical Equipment 1.4% | ||
Encore Wire Corp. | 60,063 | 10,741,066 |
Thermon(a) | 163,580 | 4,365,950 |
Total | 15,107,016 | |
Ground Transportation 1.9% | ||
Hertz Global Holdings, Inc.(a) | 775,900 | 6,540,837 |
Marten Transport Ltd. | 353,225 | 6,209,695 |
Schneider National, Inc., Class B | 342,918 | 8,686,113 |
Total | 21,436,645 | |
Machinery 3.7% | ||
Energy Recovery, Inc.(a) | 119,846 | 1,821,659 |
Gorman-Rupp Co. | 123,978 | 3,663,550 |
Greenbrier Companies, Inc. (The) | 151,020 | 5,223,782 |
Helios Technologies, Inc. | 94,089 | 4,866,283 |
Hurco Companies, Inc. | 179,935 | 3,598,700 |
John Bean Technologies Corp. | 91,300 | 9,497,026 |
Manitex International, Inc.(a) | 489,145 | 1,961,472 |
Markforged Holding Corp.(a) | 2,036,987 | 1,316,301 |
Miller Industries, Inc. | 74,200 | 2,698,654 |
Mueller Industries, Inc. | 175,640 | 6,623,384 |
Total | 41,270,811 | |
Marine Transportation 1.1% | ||
Costamare, Inc. | 592,665 | 5,351,765 |
Kirby Corp.(a) | 90,031 | 6,725,316 |
Total | 12,077,081 | |
Passenger Airlines 0.5% | ||
Hawaiian Holdings, Inc.(a) | 295,543 | 1,244,236 |
Spirit Airlines, Inc. | 166,670 | 1,913,372 |
Sun Country Airlines Holdings, Inc.(a) | 182,318 | 2,373,780 |
Total | 5,531,388 | |
Professional Services 1.9% | ||
IBEX Holdings Ltd.(a) | 224,901 | 3,670,384 |
Korn/Ferry International | 178,765 | 8,137,383 |
MAXIMUS, Inc. | 73,440 | 5,487,437 |
TaskUS, Inc., Class A(a) | 480,312 | 4,457,295 |
Total | 21,752,499 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Trading Companies & Distributors 1.1% | ||
BlueLinx Holdings, Inc.(a) | 39,077 | 2,778,765 |
H&E Equipment Services, Inc. | 120,036 | 4,887,866 |
Karat Packaging, Inc. | 220,758 | 4,554,238 |
Total | 12,220,869 | |
Total Industrials | 181,677,724 | |
Information Technology 8.2% | ||
Communications Equipment 1.6% | ||
Applied Optoelectronics, Inc.(a) | 432,866 | 3,216,195 |
Casa Systems, Inc.(a) | 1,515,040 | 845,089 |
Lumentum Holdings, Inc.(a) | 233,448 | 9,153,496 |
Netscout Systems, Inc.(a) | 206,417 | 4,506,083 |
Total | 17,720,863 | |
Electronic Equipment, Instruments & Components 2.5% | ||
Airgain, Inc.(a) | 395,337 | 1,308,565 |
FARO Technologies, Inc.(a) | 241,071 | 3,102,584 |
IPG Photonics Corp.(a) | 48,770 | 4,189,343 |
OSI Systems, Inc.(a) | 51,910 | 5,412,656 |
Powerfleet, Inc.(a) | 1,533,660 | 2,837,271 |
TTM Technologies, Inc.(a) | 369,000 | 4,239,810 |
Vishay Precision Group, Inc.(a) | 81,779 | 2,446,828 |
Vontier Corp. | 153,850 | 4,547,806 |
Total | 28,084,863 | |
IT Services 0.7% | ||
Kyndryl Holdings, Inc.(a) | 508,719 | 7,442,559 |
Semiconductors & Semiconductor Equipment 1.9% | ||
Cohu, Inc.(a) | 205,932 | 6,206,790 |
MagnaChip Semiconductor Corp.(a) | 235,740 | 1,742,119 |
SMART Global Holdings, Inc.(a) | 200,590 | 2,748,083 |
Synaptics, Inc.(a) | 107,190 | 8,967,515 |
Valens Semiconductor Ltd.(a) | 630,021 | 1,341,945 |
Total | 21,006,452 | |
Software 1.3% | ||
Cerence, Inc.(a) | 159,944 | 2,448,743 |
Cognyte Software Ltd.(a) | 428,614 | 1,791,606 |
Expensify, Inc., Class A(a) | 443,676 | 1,184,615 |
Mitek Systems, Inc.(a) | 263,601 | 2,815,259 |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 9 |
October 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Red Violet, Inc.(a) | 185,680 | 3,674,607 |
Upland Software, Inc.(a) | 737,565 | 2,463,467 |
Total | 14,378,297 | |
Technology Hardware, Storage & Peripherals 0.2% | ||
Nano Dimension Ltd., ADR(a) | 998,140 | 2,655,052 |
Total Information Technology | 91,288,086 | |
Materials 8.6% | ||
Chemicals 2.2% | ||
Aspen Aerogels, Inc.(a) | 483,326 | 3,731,277 |
Chemours Co. LLC (The) | 338,436 | 8,159,692 |
Livent Corp.(a) | 492,777 | 7,189,616 |
Tronox Holdings PLC, Class A | 563,478 | 6,023,580 |
Total | 25,104,165 | |
Construction Materials 1.0% | ||
Summit Materials, Inc., Class A(a) | 350,625 | 11,535,562 |
Containers & Packaging 0.6% | ||
Greif, Inc., Class A | 102,739 | 6,523,927 |
Metals & Mining 4.4% | ||
Ampco-Pittsburgh Corp.(a) | 629,962 | 1,669,399 |
Capstone Copper Corp.(a) | 1,359,241 | 4,626,369 |
Centerra Gold, Inc. | 834,230 | 4,241,083 |
ERO Copper Corp.(a) | 364,434 | 4,945,843 |
Ferroglobe PLC(a) | 917,285 | 4,173,647 |
Hudbay Minerals, Inc. | 1,091,585 | 4,762,278 |
MP Materials Corp.(a) | 421,389 | 6,910,779 |
Olympic Steel, Inc. | 60,649 | 3,079,150 |
Pan American Silver Corp. | 538,301 | 7,864,578 |
Torex Gold Resources, Inc.(a) | 303,502 | 2,926,138 |
Universal Stainless & Alloy Products, Inc.(a) | 240,121 | 3,467,347 |
Total | 48,666,611 | |
Paper & Forest Products 0.4% | ||
Clearwater Paper Corp.(a) | 86,853 | 2,936,500 |
Glatfelter Corp.(a) | 1,045,457 | 1,808,641 |
Total | 4,745,141 | |
Total Materials | 96,575,406 | |
Real Estate 5.0% | ||
Health Care REITs 0.2% | ||
Universal Health Realty Income Trust | 63,040 | 2,423,258 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hotel & Resort REITs 1.7% | ||
Park Hotels & Resorts, Inc. | 582,200 | 6,712,766 |
RLJ Lodging Trust | 658,251 | 6,187,559 |
Sunstone Hotel Investors, Inc. | 607,422 | 5,649,025 |
Total | 18,549,350 | |
Office REITs 0.8% | ||
Brandywine Realty Trust | 862,700 | 3,226,498 |
Highwoods Properties, Inc. | 305,690 | 5,468,794 |
Total | 8,695,292 | |
Retail REITs 0.6% | ||
Macerich Co. (The) | 754,630 | 7,335,004 |
Specialized REITs 1.7% | ||
Outfront Media, Inc. | 970,390 | 9,471,006 |
PotlatchDeltic Corp. | 219,253 | 9,394,991 |
Total | 18,865,997 | |
Total Real Estate | 55,868,901 | |
Utilities 3.5% | ||
Gas Utilities 2.0% | ||
National Fuel Gas Co. | 194,440 | 9,906,718 |
RGC Resources, Inc. | 226,389 | 3,540,724 |
UGI Corp. | 441,980 | 9,193,184 |
Total | 22,640,626 | |
Multi-Utilities 1.5% | ||
Black Hills Corp. | 180,463 | 8,725,386 |
Northwestern Energy Group, Inc. | 165,091 | 7,926,019 |
Total | 16,651,405 | |
Total Utilities | 39,292,031 | |
Total Common Stocks (Cost $995,149,494) | 1,107,666,690 | |
Exchange-Traded Equity Funds 0.2% | ||
Shares | Value ($) | |
U.S. Small Cap 0.2% | ||
iShares S&P Small-Cap 600 Value ETF | 26,610 | 2,223,265 |
Total Exchange-Traded Equity Funds (Cost $2,274,309) | 2,223,265 | |
10 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Money Market Funds 0.2% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.630%(b),(c) | 2,796,289 | 2,795,450 |
Total Money Market Funds (Cost $2,795,450) | 2,795,450 | |
Total Investments in Securities (Cost: $1,000,219,253) | 1,112,685,405 | |
Other Assets & Liabilities, Net | 4,460,811 | |
Net Assets | 1,117,146,216 |
(a) | Non-income producing investment. |
(b) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 5.630% | ||||||||
4,421,052 | 153,466,776 | (155,092,263) | (115) | 2,795,450 | (1,086) | 146,221 | 2,796,289 | |
Gaia, Inc.† | ||||||||
2,410,562 | 56,889 | (214,332) | 2,149,736 | — | (57,193) | — | — | |
Total | 6,831,614 | 2,149,621 | 2,795,450 | (58,279) | 146,221 |
† | Issuer was not an affiliate at the end of period. |
(c) | The rate shown is the seven-day current annualized yield at October 31, 2023. |
ADR | American Depositary Receipt |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 11 |
October 31, 2023 (Unaudited)
Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Investment Manager. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 29,659,518 | — | — | 29,659,518 |
Consumer Discretionary | 157,179,980 | 1,711,365 | — | 158,891,345 |
Consumer Staples | 17,620,831 | — | — | 17,620,831 |
Energy | 95,563,141 | — | — | 95,563,141 |
Financials | 246,732,153 | — | — | 246,732,153 |
Health Care | 94,497,554 | — | — | 94,497,554 |
Industrials | 181,677,724 | — | — | 181,677,724 |
Information Technology | 91,288,086 | — | — | 91,288,086 |
Materials | 96,575,406 | — | — | 96,575,406 |
Real Estate | 55,868,901 | — | — | 55,868,901 |
Utilities | 39,292,031 | — | — | 39,292,031 |
Total Common Stocks | 1,105,955,325 | 1,711,365 | — | 1,107,666,690 |
Exchange-Traded Equity Funds | 2,223,265 | — | — | 2,223,265 |
Money Market Funds | 2,795,450 | — | — | 2,795,450 |
Total Investments in Securities | 1,110,974,040 | 1,711,365 | — | 1,112,685,405 |
12 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $997,423,803) | $1,109,889,955 |
Affiliated issuers (cost $2,795,450) | 2,795,450 |
Receivable for: | |
Investments sold | 7,742,037 |
Capital shares sold | 1,787,780 |
Dividends | 354,935 |
Trustees’ fees | 347,514 |
Prepaid expenses | 9,757 |
Other assets | 18,826 |
Total assets | 1,122,946,254 |
Liabilities | |
Due to custodian | 3,079 |
Payable for: | |
Investments purchased | 4,559,811 |
Capital shares redeemed | 632,605 |
Management services fees | 24,858 |
Distribution and/or service fees | 1,717 |
Transfer agent fees | 154,014 |
Trustees’ fees | 376,109 |
Compensation of chief compliance officer | 117 |
Other expenses | 47,728 |
Total liabilities | 5,800,038 |
Net assets applicable to outstanding capital stock | $1,117,146,216 |
Represented by | |
Paid in capital | 946,770,084 |
Total distributable earnings (loss) | 170,376,132 |
Total - representing net assets applicable to outstanding capital stock | $1,117,146,216 |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 13 |
October 31, 2023 (Unaudited)
Class A | |
Net assets | $226,221,605 |
Shares outstanding | 6,062,146 |
Net asset value per share | $37.32 |
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) | $39.60 |
Advisor Class | |
Net assets | $71,920,269 |
Shares outstanding | 1,598,752 |
Net asset value per share | $44.99 |
Class C | |
Net assets | $5,602,138 |
Shares outstanding | 277,240 |
Net asset value per share | $20.21 |
Institutional Class | |
Net assets | $481,234,039 |
Shares outstanding | 11,122,393 |
Net asset value per share | $43.27 |
Institutional 2 Class | |
Net assets | $136,683,797 |
Shares outstanding | 3,031,819 |
Net asset value per share | $45.08 |
Institutional 3 Class | |
Net assets | $193,679,648 |
Shares outstanding | 4,436,338 |
Net asset value per share | $43.66 |
Class R | |
Net assets | $1,804,720 |
Shares outstanding | 48,765 |
Net asset value per share | $37.01 |
14 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
Six Months Ended October 31, 2023 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $10,598,128 |
Dividends — affiliated issuers | 146,221 |
Foreign taxes withheld | (69,651) |
Total income | 10,674,698 |
Expenses: | |
Management services fees | 4,920,362 |
Distribution and/or service fees | |
Class A | 310,850 |
Class C | 31,245 |
Class R | 4,661 |
Transfer agent fees | |
Class A | 187,786 |
Advisor Class | 56,954 |
Class C | 4,718 |
Institutional Class | 398,737 |
Institutional 2 Class | 40,203 |
Institutional 3 Class | 6,761 |
Class R | 1,409 |
Trustees’ fees | 17,304 |
Custodian fees | 18,335 |
Printing and postage fees | 63,600 |
Registration fees | 73,414 |
Accounting services fees | 15,512 |
Legal fees | 13,816 |
Interest on interfund lending | 10,260 |
Compensation of chief compliance officer | 117 |
Other | 14,393 |
Total expenses | 6,190,437 |
Expense reduction | (2,363) |
Total net expenses | 6,188,074 |
Net investment income | 4,486,624 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 80,627,877 |
Investments — affiliated issuers | (58,279) |
Foreign currency translations | (274) |
Net realized gain | 80,569,324 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (88,611,848) |
Investments — affiliated issuers | 2,149,621 |
Foreign currency translations | 655 |
Net change in unrealized appreciation (depreciation) | (86,461,572) |
Net realized and unrealized loss | (5,892,248) |
Net decrease in net assets resulting from operations | $(1,405,624) |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 15 |
Six Months Ended October 31, 2023 (Unaudited) | Year Ended April 30, 2023 | |
Operations | ||
Net investment income | $4,486,624 | $7,272,987 |
Net realized gain | 80,569,324 | 11,652,483 |
Net change in unrealized appreciation (depreciation) | (86,461,572) | (18,479,763) |
Net increase (decrease) in net assets resulting from operations | (1,405,624) | 445,707 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (4,197,497) | (13,945,771) |
Advisor Class | (1,052,813) | (2,764,530) |
Class C | (188,534) | (633,272) |
Institutional Class | (7,721,627) | (28,176,888) |
Institutional 2 Class | (2,104,798) | (5,246,792) |
Institutional 3 Class | (3,247,529) | (8,710,054) |
Class R | (30,663) | (113,858) |
Total distributions to shareholders | (18,543,461) | (59,591,165) |
Increase (decrease) in net assets from capital stock activity | (97,505,592) | 147,585,905 |
Total increase (decrease) in net assets | (117,454,677) | 88,440,447 |
Net assets at beginning of period | 1,234,600,893 | 1,146,160,446 |
Net assets at end of period | $1,117,146,216 | $1,234,600,893 |
16 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
Six Months Ended | Year Ended | |||
October 31, 2023 (Unaudited) | April 30, 2023 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Shares sold | 236,536 | 9,481,898 | 583,191 | 22,595,872 |
Distributions reinvested | 98,179 | 3,862,376 | 362,208 | 12,817,394 |
Shares redeemed | (409,812) | (16,290,399) | (934,811) | (35,949,994) |
Net increase (decrease) | (75,097) | (2,946,125) | 10,588 | (536,728) |
Advisor Class | ||||
Shares sold | 417,048 | 19,827,590 | 674,898 | 32,214,091 |
Distributions reinvested | 19,887 | 942,238 | 57,135 | 2,432,012 |
Shares redeemed | (268,392) | (12,668,852) | (509,459) | (23,528,750) |
Net increase | 168,543 | 8,100,976 | 222,574 | 11,117,353 |
Class C | ||||
Shares sold | 28,389 | 618,472 | 67,987 | 1,473,734 |
Distributions reinvested | 7,762 | 165,804 | 30,691 | 597,238 |
Shares redeemed | (45,810) | (999,333) | (118,478) | (2,541,729) |
Net decrease | (9,659) | (215,057) | (19,800) | (470,757) |
Institutional Class | ||||
Shares sold | 1,954,472 | 89,244,812 | 8,205,125 | 353,422,764 |
Distributions reinvested | 136,563 | 6,223,152 | 568,409 | 23,351,820 |
Shares redeemed | (4,891,287) | (219,928,081) | (6,316,981) | (281,131,997) |
Net increase (decrease) | (2,800,252) | (124,460,117) | 2,456,553 | 95,642,587 |
Institutional 2 Class | ||||
Shares sold | 530,082 | 25,805,057 | 1,267,764 | 58,607,741 |
Distributions reinvested | 44,336 | 2,104,636 | 122,865 | 5,246,792 |
Shares redeemed | (574,488) | (27,638,706) | (520,518) | (24,090,097) |
Net increase (decrease) | (70) | 270,987 | 870,111 | 39,764,436 |
Institutional 3 Class | ||||
Shares sold | 840,311 | 39,036,746 | 863,431 | 39,079,011 |
Distributions reinvested | 52,447 | 2,410,464 | 147,320 | 6,094,970 |
Shares redeemed | (428,005) | (19,823,760) | (953,022) | (42,957,800) |
Net increase | 464,753 | 21,623,450 | 57,729 | 2,216,181 |
Class R | ||||
Shares sold | 9,121 | 366,892 | 4,862 | 184,687 |
Distributions reinvested | 784 | 30,603 | 3,243 | 113,671 |
Shares redeemed | (6,958) | (277,201) | (11,560) | (445,525) |
Net increase (decrease) | 2,947 | 120,294 | (3,455) | (147,167) |
Total net increase (decrease) | (2,248,835) | (97,505,592) | 3,594,300 | 147,585,905 |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 17 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $38.06 | 0.10 | (0.15) | (0.05) | (0.01) | (0.68) | (0.69) |
Year Ended 4/30/2023 | $40.91 | 0.14 | (0.69) | (0.55) | (0.13) | (2.17) | (2.30) |
Year Ended 4/30/2022 | $49.30 | 0.02 | (2.46) | (2.44) | (0.07) | (5.88) | (5.95) |
Year Ended 4/30/2021 | $26.90 | 0.19 | 22.41 | 22.60 | (0.17) | (0.03) | (0.20) |
Year Ended 4/30/2020 | $36.62 | 0.18 | (8.59) | (8.41) | (0.17) | (1.14) | (1.31) |
Year Ended 4/30/2019 | $40.70 | 0.08 | (1.08) | (1.00) | (0.13) | (2.95) | (3.08) |
Advisor Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $45.73 | 0.18 | (0.19) | (0.01) | (0.05) | (0.68) | (0.73) |
Year Ended 4/30/2023 | $48.60 | 0.28 | (0.78) | (0.50) | (0.20) | (2.17) | (2.37) |
Year Ended 4/30/2022 | $57.47 | 0.15 | (2.94) | (2.79) | (0.20) | (5.88) | (6.08) |
Year Ended 4/30/2021 | $31.32 | 0.37 | 26.06 | 26.43 | (0.25) | (0.03) | (0.28) |
Year Ended 4/30/2020 | $42.37 | 0.30 | (9.98) | (9.68) | (0.23) | (1.14) | (1.37) |
Year Ended 4/30/2019 | $46.56 | 0.21 | (1.25) | (1.04) | (0.20) | (2.95) | (3.15) |
Class C | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $20.98 | (0.03) | (0.06) | (0.09) | — | (0.68) | (0.68) |
Year Ended 4/30/2023 | $23.70 | (0.08) | (0.47) | (0.55) | — | (2.17) | (2.17) |
Year Ended 4/30/2022 | $31.15 | (0.20) | (1.37) | (1.57) | — | (5.88) | (5.88) |
Year Ended 4/30/2021 | $17.06 | (0.04) | 14.16 | 14.12 | — | (0.03) | (0.03) |
Year Ended 4/30/2020 | $23.72 | (0.04) | (5.48) | (5.52) | — | (1.14) | (1.14) |
Year Ended 4/30/2019 | $27.55 | (0.16) | (0.72) | (0.88) | — | (2.95) | (2.95) |
Institutional Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $44.01 | 0.18 | (0.19) | (0.01) | (0.05) | (0.68) | (0.73) |
Year Ended 4/30/2023 | $46.87 | 0.27 | (0.76) | (0.49) | (0.20) | (2.17) | (2.37) |
Year Ended 4/30/2022 | $55.63 | 0.15 | (2.82) | (2.67) | (0.21) | (5.88) | (6.09) |
Year Ended 4/30/2021 | $30.33 | 0.33 | 25.25 | 25.58 | (0.25) | (0.03) | (0.28) |
Year Ended 4/30/2020 | $41.07 | 0.30 | (9.67) | (9.37) | (0.23) | (1.14) | (1.37) |
Year Ended 4/30/2019 | $45.24 | 0.20 | (1.22) | (1.02) | (0.20) | (2.95) | (3.15) |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $45.81 | 0.21 | (0.20) | 0.01 | (0.06) | (0.68) | (0.74) |
Year Ended 4/30/2023 | $48.68 | 0.32 | (0.79) | (0.47) | (0.23) | (2.17) | (2.40) |
Year Ended 4/30/2022 | $57.55 | 0.21 | (2.94) | (2.73) | (0.26) | (5.88) | (6.14) |
Year Ended 4/30/2021 | $31.36 | 0.40 | 26.11 | 26.51 | (0.29) | (0.03) | (0.32) |
Year Ended 4/30/2020 | $42.40 | 0.36 | (10.00) | (9.64) | (0.26) | (1.14) | (1.40) |
Year Ended 4/30/2019 | $46.57 | 0.27 | (1.25) | (0.98) | (0.24) | (2.95) | (3.19) |
18 | Columbia Small Cap Value Fund I | 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 10/31/2023 (Unaudited) | $37.32 | (0.22%) | 1.26%(c) | 1.26%(c),(d) | 0.51% | 50% | $226,222 |
Year Ended 4/30/2023 | $38.06 | (0.90%) | 1.24%(c) | 1.24%(c),(d) | 0.36% | 72% | $233,599 |
Year Ended 4/30/2022 | $40.91 | (5.94%) | 1.26%(c) | 1.26%(c),(d) | 0.04% | 58% | $250,665 |
Year Ended 4/30/2021 | $49.30 | 84.29% | 1.33%(c) | 1.31%(c),(d) | 0.53% | 43% | $286,411 |
Year Ended 4/30/2020 | $26.90 | (23.69%) | 1.37%(c),(e) | 1.32%(c),(d),(e) | 0.55% | 60% | $152,006 |
Year Ended 4/30/2019 | $36.62 | (2.38%) | 1.36%(c),(e) | 1.32%(c),(d),(e) | 0.21% | 62% | $234,765 |
Advisor Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $44.99 | (0.10%) | 1.01%(c) | 1.01%(c),(d) | 0.75% | 50% | $71,920 |
Year Ended 4/30/2023 | $45.73 | (0.64%) | 0.99%(c) | 0.99%(c),(d) | 0.61% | 72% | $65,398 |
Year Ended 4/30/2022 | $48.60 | (5.71%) | 1.01%(c) | 1.01%(c),(d) | 0.28% | 58% | $58,696 |
Year Ended 4/30/2021 | $57.47 | 84.74% | 1.08%(c) | 1.06%(c),(d) | 0.87% | 43% | $54,621 |
Year Ended 4/30/2020 | $31.32 | (23.49%) | 1.12%(c),(e) | 1.07%(c),(d),(e) | 0.79% | 60% | $19,077 |
Year Ended 4/30/2019 | $42.37 | (2.14%) | 1.12%(c),(e) | 1.07%(c),(d),(e) | 0.48% | 62% | $29,064 |
Class C | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $20.21 | (0.62%) | 2.01%(c) | 2.01%(c),(d) | (0.24%) | 50% | $5,602 |
Year Ended 4/30/2023 | $20.98 | (1.62%) | 1.99%(c) | 1.99%(c),(d) | (0.39%) | 72% | $6,018 |
Year Ended 4/30/2022 | $23.70 | (6.66%) | 2.01%(c) | 2.01%(c),(d) | (0.71%) | 58% | $7,269 |
Year Ended 4/30/2021 | $31.15 | 82.90% | 2.08%(c) | 2.05%(c),(d) | (0.19%) | 43% | $8,516 |
Year Ended 4/30/2020 | $17.06 | (24.24%) | 2.12%(c),(e) | 2.07%(c),(d),(e) | (0.20%) | 60% | $3,178 |
Year Ended 4/30/2019 | $23.72 | (3.15%) | 2.10%(c),(e) | 2.07%(c),(d),(e) | (0.59%) | 62% | $7,969 |
Institutional Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $43.27 | (0.11%) | 1.00%(c) | 1.00%(c),(d) | 0.78% | 50% | $481,234 |
Year Ended 4/30/2023 | $44.01 | (0.64%) | 0.99%(c) | 0.99%(c),(d) | 0.60% | 72% | $612,677 |
Year Ended 4/30/2022 | $46.87 | (5.70%) | 1.01%(c) | 1.01%(c),(d) | 0.30% | 58% | $537,447 |
Year Ended 4/30/2021 | $55.63 | 84.72% | 1.07%(c) | 1.05%(c),(d) | 0.77% | 43% | $440,126 |
Year Ended 4/30/2020 | $30.33 | (23.48%) | 1.12%(c),(e) | 1.07%(c),(d),(e) | 0.79% | 60% | $106,186 |
Year Ended 4/30/2019 | $41.07 | (2.16%) | 1.11%(c),(e) | 1.07%(c),(d),(e) | 0.47% | 62% | $192,878 |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $45.08 | (0.05%) | 0.91%(c) | 0.91%(c) | 0.86% | 50% | $136,684 |
Year Ended 4/30/2023 | $45.81 | (0.59%) | 0.90%(c) | 0.90%(c) | 0.68% | 72% | $138,905 |
Year Ended 4/30/2022 | $48.68 | (5.60%) | 0.91%(c) | 0.91%(c) | 0.39% | 58% | $105,229 |
Year Ended 4/30/2021 | $57.55 | 84.97% | 0.95%(c) | 0.93%(c) | 0.93% | 43% | $116,249 |
Year Ended 4/30/2020 | $31.36 | (23.39%) | 0.98%(c),(e) | 0.94%(c),(e) | 0.96% | 60% | $52,825 |
Year Ended 4/30/2019 | $42.40 | (2.01%) | 0.97%(c),(e) | 0.94%(c),(e) | 0.61% | 62% | $39,831 |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 19 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $44.38 | 0.21 | (0.18) | 0.03 | (0.07) | (0.68) | (0.75) |
Year Ended 4/30/2023 | $47.23 | 0.33 | (0.77) | (0.44) | (0.24) | (2.17) | (2.41) |
Year Ended 4/30/2022 | $56.01 | 0.23 | (2.84) | (2.61) | (0.29) | (5.88) | (6.17) |
Year Ended 4/30/2021 | $30.53 | 0.39 | 25.43 | 25.82 | (0.31) | (0.03) | (0.34) |
Year Ended 4/30/2020 | $41.30 | 0.37 | (9.72) | (9.35) | (0.28) | (1.14) | (1.42) |
Year Ended 4/30/2019 | $45.45 | 0.28 | (1.22) | (0.94) | (0.26) | (2.95) | (3.21) |
Class R | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $37.79 | 0.05 | (0.15) | (0.10) | — | (0.68) | (0.68) |
Year Ended 4/30/2023 | $40.66 | 0.04 | (0.68) | (0.64) | (0.06) | (2.17) | (2.23) |
Year Ended 4/30/2022 | $49.08 | (0.09) | (2.45) | (2.54) | — | (5.88) | (5.88) |
Year Ended 4/30/2021 | $26.79 | 0.11 | 22.30 | 22.41 | (0.09) | (0.03) | (0.12) |
Year Ended 4/30/2020 | $36.50 | 0.10 | (8.56) | (8.46) | (0.11) | (1.14) | (1.25) |
Year Ended 4/30/2019 | $40.61 | (0.01) | (1.09) | (1.10) | (0.06) | (2.95) | (3.01) |
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) | Ratios include interfund lending expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Ratios include line of credit interest expense which is less than 0.01%. |
20 | Columbia Small Cap Value Fund I | 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 3 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $43.66 | (0.01%) | 0.86%(c) | 0.86%(c) | 0.89% | 50% | $193,680 |
Year Ended 4/30/2023 | $44.38 | (0.53%) | 0.85%(c) | 0.85%(c) | 0.74% | 72% | $176,273 |
Year Ended 4/30/2022 | $47.23 | (5.55%) | 0.86%(c) | 0.86%(c) | 0.44% | 58% | $184,850 |
Year Ended 4/30/2021 | $56.01 | 85.03% | 0.90%(c) | 0.88%(c) | 0.96% | 43% | $178,586 |
Year Ended 4/30/2020 | $30.53 | (23.34%) | 0.93%(c),(e) | 0.89%(c),(e) | 1.01% | 60% | $96,875 |
Year Ended 4/30/2019 | $41.30 | (1.97%) | 0.92%(c),(e) | 0.89%(c),(e) | 0.64% | 62% | $108,132 |
Class R | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $37.01 | (0.37%) | 1.51%(c) | 1.51%(c),(d) | 0.24% | 50% | $1,805 |
Year Ended 4/30/2023 | $37.79 | (1.14%) | 1.49%(c) | 1.49%(c),(d) | 0.11% | 72% | $1,731 |
Year Ended 4/30/2022 | $40.66 | (6.17%) | 1.51%(c) | 1.51%(c),(d) | (0.20%) | 58% | $2,003 |
Year Ended 4/30/2021 | $49.08 | 83.85% | 1.58%(c) | 1.56%(c),(d) | 0.30% | 43% | $2,521 |
Year Ended 4/30/2020 | $26.79 | (23.87%) | 1.62%(c),(e) | 1.57%(c),(d),(e) | 0.31% | 60% | $1,487 |
Year Ended 4/30/2019 | $36.50 | (2.67%) | 1.60%(c),(e) | 1.57%(c),(d),(e) | (0.03%) | 62% | $2,048 |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 21 |
October 31, 2023 (Unaudited)
22 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 23 |
October 31, 2023 (Unaudited)
24 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Purchases ($) | Sales ($) | Net realized gain (loss) ($) |
418,069 | — | — |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 25 |
October 31, 2023 (Unaudited)
Effective rate (%) | |
Class A | 0.15 |
Advisor Class | 0.15 |
Class C | 0.15 |
Institutional Class | 0.15 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Class R | 0.15 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 33,564 |
Class C | — | 1.00(b) | 50 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
26 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Fee rate(s) contractual through August 31, 2024 | |
Class A | 1.27% |
Advisor Class | 1.02 |
Class C | 2.02 |
Institutional Class | 1.02 |
Institutional 2 Class | 0.93 |
Institutional 3 Class | 0.88 |
Class R | 1.52 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,000,219,000 | 209,272,000 | (96,806,000) | 112,466,000 |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(6,421,266) | — | (6,421,266) |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 27 |
October 31, 2023 (Unaudited)
Late year ordinary losses ($) | Post-October capital losses ($) |
— | 12,341,043 |
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 5,358,333 | 5.69 | 12 |
28 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 29 |
October 31, 2023 (Unaudited)
30 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to one or more benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 31 |
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
32 | Columbia Small Cap Value Fund I | Semiannual Report 2023 |
(Unaudited)
Investment Manager’s profitability. The Board reviewed the fees charged to comparable institutional or other accounts/vehicles managed by the Investment Manager and discussed differences in how the products are managed and operated, thus explaining many of the differences in fees.
Columbia Small Cap Value Fund I | Semiannual Report 2023 | 33 |
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imgbfcc28a42.jpg)
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imge9533fea1.jpg)
October 31, 2023 (Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imge7dce8252.jpg)
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2023) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | 11/25/02 | -6.13 | -0.94 | -0.52 | 0.12 | |
Class C | Excluding sales charges | 11/25/02 | -6.44 | -1.58 | -1.18 | -0.56 |
Including sales charges | -7.36 | -2.55 | -1.18 | -0.56 | ||
Institutional Class | 06/04/91 | -6.15 | -0.79 | -0.37 | 0.28 | |
Institutional 2 Class | 11/08/12 | -6.16 | -0.80 | -0.38 | 0.27 | |
Institutional 3 Class* | 03/01/17 | -6.11 | -0.77 | -0.38 | 0.27 | |
FTSE USBIG Treasury Index | -6.02 | -0.60 | -0.21 | 0.46 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2023) | |
Money Market Funds | 0.5 |
U.S. Treasury Obligations | 99.5 |
Total | 100.0 |
Quality breakdown (%) (at October 31, 2023) | |
AA rating | 100.0 |
Total | 100.0 |
4 | Columbia U.S. Treasury Index Fund | Semiannual Report 2023 |
(Unaudited)
May 1, 2023 — October 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 | 938.70 | 1,023.78 | 1.58 | 1.65 | 0.32 |
Class C | 1,000.00 | 1,000.00 | 935.60 | 1,020.48 | 4.77 | 4.98 | 0.97 |
Institutional Class | 1,000.00 | 1,000.00 | 938.50 | 1,024.55 | 0.84 | 0.87 | 0.17 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 938.40 | 1,024.55 | 0.84 | 0.87 | 0.17 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 938.90 | 1,024.55 | 0.84 | 0.87 | 0.17 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 5 |
October 31, 2023 (Unaudited)
U.S. Treasury Obligations 98.8% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury | ||||
11/15/2024 | 0.750% | 6,541,000 | 6,233,880 | |
11/15/2024 | 2.250% | 6,232,000 | 6,032,138 | |
11/30/2024 | 1.500% | 2,174,000 | 2,084,832 | |
11/30/2024 | 2.125% | 2,850,000 | 2,751,697 | |
11/30/2024 | 4.500% | 4,906,000 | 4,857,132 | |
12/15/2024 | 1.000% | 3,560,000 | 3,391,039 | |
12/31/2024 | 1.750% | 4,831,000 | 4,634,363 | |
12/31/2024 | 2.250% | 1,789,000 | 1,726,105 | |
12/31/2024 | 4.250% | 3,969,000 | 3,917,837 | |
01/15/2025 | 1.125% | 5,967,000 | 5,676,109 | |
01/31/2025 | 1.375% | 3,425,000 | 3,262,714 | |
01/31/2025 | 2.500% | 2,209,000 | 2,133,756 | |
01/31/2025 | 4.125% | 5,038,000 | 4,965,185 | |
02/15/2025 | 1.500% | 6,436,000 | 6,131,296 | |
02/15/2025 | 2.000% | 5,435,000 | 5,211,231 | |
02/28/2025 | 1.125% | 3,322,000 | 3,144,610 | |
02/28/2025 | 2.750% | 2,043,000 | 1,976,044 | |
02/28/2025 | 4.625% | 4,925,000 | 4,882,099 | |
03/15/2025 | 1.750% | 5,249,000 | 5,005,414 | |
03/31/2025 | 0.500% | 4,875,000 | 4,560,601 | |
03/31/2025 | 2.625% | 1,424,000 | 1,372,769 | |
03/31/2025 | 3.875% | 4,973,000 | 4,879,562 | |
04/15/2025 | 2.625% | 5,197,000 | 5,006,985 | |
04/30/2025 | 0.375% | 4,205,000 | 3,913,114 | |
04/30/2025 | 2.875% | 3,167,000 | 3,059,866 | |
04/30/2025 | 3.875% | 4,997,000 | 4,900,183 | |
05/15/2025 | 2.125% | 5,903,000 | 5,635,520 | |
05/15/2025 | 2.750% | 4,352,000 | 4,193,730 | |
05/31/2025 | 0.250% | 4,380,000 | 4,053,040 | |
05/31/2025 | 2.875% | 2,362,000 | 2,279,699 | |
05/31/2025 | 4.250% | 3,977,000 | 3,919,675 | |
06/15/2025 | 2.875% | 5,192,000 | 5,006,224 | |
06/30/2025 | 0.250% | 5,720,000 | 5,275,806 | |
06/30/2025 | 2.750% | 2,373,000 | 2,282,159 | |
06/30/2025 | 4.625% | 3,196,000 | 3,168,784 | |
07/15/2025 | 3.000% | 4,646,000 | 4,482,846 | |
07/31/2025 | 0.250% | 5,390,000 | 4,952,694 | |
07/31/2025 | 2.875% | 2,599,000 | 2,500,624 | |
07/31/2025 | 4.750% | 4,892,000 | 4,860,087 | |
08/15/2025 | 2.000% | 6,371,000 | 6,031,794 | |
08/15/2025 | 3.125% | 4,667,000 | 4,507,119 | |
08/31/2025 | 0.250% | 3,863,000 | 3,537,059 | |
08/31/2025 | 2.750% | 2,414,000 | 2,313,762 | |
09/15/2025 | 3.500% | 4,686,000 | 4,551,644 | |
09/30/2025 | 0.250% | 10,519,000 | 9,602,286 | |
09/30/2025 | 3.000% | 2,420,000 | 2,327,832 | |
10/15/2025 | 4.250% | 4,515,000 | 4,444,277 | |
10/31/2025 | 0.250% | 6,091,000 | 5,538,289 | |
10/31/2025 | 3.000% | 812,000 | 780,059 | |
11/15/2025 | 2.250% | 4,690,000 | 4,436,813 | |
11/15/2025 | 4.500% | 3,964,000 | 3,920,644 | |
11/30/2025 | 0.375% | 4,636,000 | 4,212,241 | |
11/30/2025 | 2.875% | 3,042,000 | 2,912,002 | |
12/15/2025 | 4.000% | 3,974,000 | 3,891,105 |
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
12/31/2025 | 0.375% | 5,876,000 | 5,324,666 | |
01/15/2026 | 3.875% | 4,463,000 | 4,357,004 | |
01/31/2026 | 0.375% | 5,670,000 | 5,116,289 | |
01/31/2026 | 2.625% | 2,446,000 | 2,322,362 | |
02/15/2026 | 1.625% | 5,549,000 | 5,145,830 | |
02/15/2026 | 4.000% | 4,164,000 | 4,073,563 | |
02/15/2026 | 6.000% | 485,000 | 493,374 | |
02/28/2026 | 0.500% | 4,996,000 | 4,507,329 | |
02/28/2026 | 2.500% | 3,002,000 | 2,839,001 | |
03/15/2026 | 4.625% | 4,555,000 | 4,517,991 | |
03/31/2026 | 0.750% | 5,353,000 | 4,848,647 | |
03/31/2026 | 2.250% | 2,475,000 | 2,323,020 | |
04/15/2026 | 3.750% | 4,239,000 | 4,120,109 | |
04/30/2026 | 0.750% | 5,550,000 | 5,008,008 | |
04/30/2026 | 2.375% | 2,036,000 | 1,913,522 | |
05/15/2026 | 1.625% | 4,562,000 | 4,201,673 | |
05/15/2026 | 3.625% | 4,372,000 | 4,234,692 | |
05/31/2026 | 0.750% | 6,266,000 | 5,634,505 | |
05/31/2026 | 2.125% | 2,186,000 | 2,037,762 | |
06/15/2026 | 4.125% | 3,692,000 | 3,618,160 | |
06/30/2026 | 0.875% | 4,848,000 | 4,366,987 | |
06/30/2026 | 1.875% | 2,504,000 | 2,316,200 | |
07/15/2026 | 4.500% | 4,201,000 | 4,154,723 | |
07/31/2026 | 0.625% | 5,615,000 | 5,003,491 | |
07/31/2026 | 1.875% | 2,172,000 | 2,003,161 | |
08/15/2026 | 1.500% | 4,527,000 | 4,126,997 | |
08/15/2026 | 4.375% | 4,258,000 | 4,196,791 | |
08/31/2026 | 0.750% | 5,997,000 | 5,343,421 | |
08/31/2026 | 1.375% | 2,513,000 | 2,280,155 | |
09/15/2026 | 4.625% | 1,213,000 | 1,203,997 | |
09/30/2026 | 0.875% | 5,942,000 | 5,305,092 | |
09/30/2026 | 1.625% | 1,209,000 | 1,103,118 | |
10/31/2026 | 1.125% | 5,699,000 | 5,107,729 | |
10/31/2026 | 1.625% | 2,647,000 | 2,408,356 | |
11/15/2026 | 2.000% | 4,199,000 | 3,858,815 | |
11/30/2026 | 1.250% | 5,048,000 | 4,528,214 | |
11/30/2026 | 1.625% | 2,088,000 | 1,895,676 | |
12/31/2026 | 1.250% | 6,122,000 | 5,481,103 | |
12/31/2026 | 1.750% | 2,601,000 | 2,364,675 | |
01/31/2027 | 1.500% | 7,713,000 | 6,937,482 | |
02/15/2027 | 2.250% | 4,400,000 | 4,051,781 | |
02/28/2027 | 1.125% | 1,558,000 | 1,381,021 | |
02/28/2027 | 1.875% | 6,011,000 | 5,461,087 | |
03/31/2027 | 0.625% | 2,295,000 | 1,991,271 | |
03/31/2027 | 2.500% | 5,662,000 | 5,244,870 | |
04/30/2027 | 0.500% | 2,502,000 | 2,153,284 | |
04/30/2027 | 2.750% | 3,889,000 | 3,625,277 | |
05/15/2027 | 2.375% | 6,142,000 | 5,644,882 | |
05/31/2027 | 0.500% | 3,520,000 | 3,018,675 | |
05/31/2027 | 2.625% | 5,278,000 | 4,889,985 | |
06/30/2027 | 0.500% | 4,342,000 | 3,711,392 | |
06/30/2027 | 3.250% | 4,978,000 | 4,710,044 | |
07/31/2027 | 0.375% | 5,003,000 | 4,239,261 | |
07/31/2027 | 2.750% | 5,098,000 | 4,728,793 | |
08/15/2027 | 2.250% | 4,827,000 | 4,391,062 |
6 | Columbia U.S. Treasury Index Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
08/31/2027 | 0.500% | 4,015,000 | 3,407,418 | |
08/31/2027 | 3.125% | 4,979,000 | 4,677,148 | |
09/30/2027 | 0.375% | 5,260,000 | 4,425,797 | |
09/30/2027 | 4.125% | 4,610,000 | 4,488,267 | |
10/31/2027 | 0.500% | 4,417,000 | 3,722,358 | |
10/31/2027 | 4.125% | 4,494,000 | 4,372,522 | |
11/15/2027 | 2.250% | 5,016,000 | 4,537,521 | |
11/30/2027 | 0.625% | 5,564,000 | 4,698,537 | |
11/30/2027 | 3.875% | 3,698,000 | 3,563,081 | |
12/31/2027 | 0.625% | 5,807,000 | 4,888,314 | |
12/31/2027 | 3.875% | 4,757,000 | 4,581,957 | |
01/31/2028 | 0.750% | 6,226,000 | 5,252,215 | |
01/31/2028 | 3.500% | 4,885,000 | 4,632,736 | |
02/15/2028 | 2.750% | 6,549,000 | 6,018,429 | |
02/29/2028 | 1.125% | 6,631,000 | 5,672,613 | |
02/29/2028 | 4.000% | 4,869,000 | 4,709,236 | |
03/31/2028 | 1.250% | 5,742,000 | 4,925,559 | |
03/31/2028 | 3.625% | 4,310,000 | 4,102,581 | |
04/30/2028 | 1.250% | 6,287,000 | 5,379,314 | |
04/30/2028 | 3.500% | 4,946,000 | 4,680,152 | |
05/15/2028 | 2.875% | 7,070,000 | 6,503,295 | |
05/31/2028 | 1.250% | 6,384,000 | 5,444,355 | |
05/31/2028 | 3.625% | 4,621,000 | 4,394,282 | |
06/30/2028 | 1.250% | 6,196,000 | 5,269,020 | |
06/30/2028 | 4.000% | 4,182,000 | 4,036,937 | |
07/31/2028 | 1.000% | 6,671,000 | 5,586,441 | |
07/31/2028 | 4.125% | 4,145,000 | 4,020,974 | |
08/15/2028 | 2.875% | 5,988,000 | 5,481,359 | |
08/31/2028 | 1.125% | 5,536,000 | 4,651,970 | |
09/30/2028 | 1.250% | 13,051,000 | 11,002,605 | |
10/31/2028 | 1.375% | 5,472,000 | 4,629,398 | |
11/15/2028 | 3.125% | 5,729,000 | 5,282,765 | |
11/15/2028 | 5.250% | 993,000 | 1,008,360 | |
11/30/2028 | 1.500% | 5,839,000 | 4,959,501 | |
12/31/2028 | 1.375% | 6,195,000 | 5,211,544 | |
01/31/2029 | 1.750% | 4,713,000 | 4,034,402 | |
02/15/2029 | 2.625% | 5,474,000 | 4,901,368 | |
02/15/2029 | 5.250% | 277,000 | 280,701 | |
02/28/2029 | 1.875% | 4,355,000 | 3,744,279 | |
03/31/2029 | 2.375% | 5,307,000 | 4,673,477 | |
04/30/2029 | 2.875% | 4,516,000 | 4,077,454 | |
05/15/2029 | 2.375% | 4,854,000 | 4,266,211 | |
05/31/2029 | 2.750% | 4,423,000 | 3,960,658 | |
06/30/2029 | 3.250% | 4,126,000 | 3,788,506 | |
07/31/2029 | 2.625% | 3,938,000 | 3,490,360 | |
08/15/2029 | 1.625% | 4,893,000 | 4,102,857 | |
08/31/2029 | 3.125% | 3,601,000 | 3,275,222 | |
09/30/2029 | 3.875% | 3,557,000 | 3,366,923 | |
10/31/2029 | 4.000% | 3,648,000 | 3,474,150 | |
11/15/2029 | 1.750% | 3,419,000 | 2,870,892 | |
11/30/2029 | 3.875% | 3,759,000 | 3,552,842 | |
12/31/2029 | 3.875% | 3,715,000 | 3,508,643 | |
01/31/2030 | 3.500% | 3,643,000 | 3,365,506 | |
02/15/2030 | 1.500% | 6,136,000 | 5,016,659 | |
02/28/2030 | 4.000% | 3,223,000 | 3,061,346 | |
03/31/2030 | 3.625% | 3,552,000 | 3,299,198 | |
04/30/2030 | 3.500% | 3,531,000 | 3,253,761 |
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
05/15/2030 | 0.625% | 8,230,000 | 6,272,803 | |
05/15/2030 | 6.250% | 687,000 | 736,808 | |
05/31/2030 | 3.750% | 3,529,000 | 3,297,409 | |
06/30/2030 | 3.750% | 3,427,000 | 3,199,961 | |
07/31/2030 | 4.000% | 3,270,000 | 3,097,814 | |
08/15/2030 | 0.625% | 11,017,000 | 8,322,999 | |
11/15/2030 | 0.875% | 10,718,000 | 8,194,246 | |
02/15/2031 | 1.125% | 10,817,000 | 8,378,105 | |
02/15/2031 | 5.375% | 1,356,000 | 1,393,502 | |
05/15/2031 | 1.625% | 10,583,000 | 8,426,714 | |
08/15/2031 | 1.250% | 12,234,000 | 9,370,479 | |
11/15/2031 | 1.375% | 11,425,000 | 8,768,687 | |
02/15/2032 | 1.875% | 10,662,000 | 8,472,958 | |
05/15/2032 | 2.875% | 11,203,000 | 9,613,574 | |
08/15/2032 | 2.750% | 10,691,000 | 9,043,918 | |
11/15/2032 | 4.125% | 10,855,000 | 10,227,445 | |
02/15/2033 | 3.500% | 10,233,000 | 9,161,733 | |
05/15/2033 | 3.375% | 10,638,000 | 9,407,981 | |
08/15/2033 | 3.875% | 7,595,000 | 6,990,960 | |
02/15/2036 | 4.500% | 931,000 | 896,669 | |
05/15/2037 | 5.000% | 666,000 | 667,041 | |
02/15/2038 | 4.375% | 353,000 | 328,786 | |
05/15/2038 | 4.500% | 614,000 | 577,352 | |
02/15/2039 | 3.500% | 721,000 | 596,177 | |
05/15/2039 | 4.250% | 1,208,000 | 1,090,409 | |
08/15/2039 | 4.500% | 1,183,000 | 1,097,048 | |
11/15/2039 | 4.375% | 1,490,000 | 1,357,995 | |
02/15/2040 | 4.625% | 1,282,000 | 1,201,875 | |
05/15/2040 | 1.125% | 4,267,000 | 2,324,182 | |
05/15/2040 | 4.375% | 1,194,000 | 1,083,928 | |
08/15/2040 | 1.125% | 4,879,000 | 2,633,898 | |
08/15/2040 | 3.875% | 1,302,000 | 1,105,886 | |
11/15/2040 | 1.375% | 5,439,000 | 3,064,537 | |
11/15/2040 | 4.250% | 1,289,000 | 1,147,009 | |
02/15/2041 | 1.875% | 6,378,000 | 3,931,439 | |
02/15/2041 | 4.750% | 1,479,000 | 1,399,273 | |
05/15/2041 | 2.250% | 5,883,000 | 3,856,123 | |
05/15/2041 | 4.375% | 1,334,000 | 1,203,310 | |
08/15/2041 | 1.750% | 7,640,000 | 4,535,056 | |
08/15/2041 | 3.750% | 1,217,000 | 1,006,877 | |
11/15/2041 | 2.000% | 6,459,000 | 3,997,515 | |
11/15/2041 | 3.125% | 1,514,000 | 1,138,339 | |
02/15/2042 | 2.375% | 5,295,000 | 3,496,355 | |
02/15/2042 | 3.125% | 1,487,000 | 1,115,250 | |
05/15/2042 | 3.000% | 1,389,000 | 1,017,008 | |
05/15/2042 | 3.250% | 4,500,000 | 3,426,328 | |
08/15/2042 | 2.750% | 1,659,000 | 1,160,782 | |
08/15/2042 | 3.375% | 4,004,000 | 3,098,095 | |
11/15/2042 | 2.750% | 2,482,000 | 1,729,256 | |
11/15/2042 | 4.000% | 3,675,000 | 3,114,563 | |
02/15/2043 | 3.125% | 1,981,000 | 1,464,702 | |
02/15/2043 | 3.875% | 3,979,000 | 3,308,165 | |
05/15/2043 | 2.875% | 3,096,000 | 2,189,453 | |
05/15/2043 | 3.875% | 3,965,000 | 3,292,189 | |
08/15/2043 | 3.625% | 1,923,000 | 1,533,292 | |
08/15/2043 | 4.375% | 1,484,000 | 1,323,079 | |
11/15/2043 | 3.750% | 2,268,000 | 1,840,269 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 7 |
October 31, 2023 (Unaudited)
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
02/15/2044 | 3.625% | 2,524,000 | 2,003,031 | |
05/15/2044 | 3.375% | 1,981,000 | 1,506,798 | |
08/15/2044 | 3.125% | 2,657,000 | 1,933,383 | |
11/15/2044 | 3.000% | 2,664,000 | 1,891,024 | |
02/15/2045 | 2.500% | 3,330,000 | 2,147,850 | |
05/15/2045 | 3.000% | 1,584,000 | 1,119,195 | |
08/15/2045 | 2.875% | 2,361,000 | 1,625,401 | |
11/15/2045 | 3.000% | 1,425,000 | 1,001,508 | |
02/15/2046 | 2.500% | 2,472,000 | 1,571,651 | |
05/15/2046 | 2.500% | 2,741,000 | 1,736,680 | |
08/15/2046 | 2.250% | 2,934,000 | 1,757,191 | |
11/15/2046 | 2.875% | 1,214,000 | 825,330 | |
02/15/2047 | 3.000% | 2,919,000 | 2,027,337 | |
05/15/2047 | 3.000% | 2,066,000 | 1,432,642 | |
08/15/2047 | 2.750% | 3,102,000 | 2,042,958 | |
11/15/2047 | 2.750% | 3,235,000 | 2,127,518 | |
02/15/2048 | 3.000% | 3,769,000 | 2,600,021 | |
05/15/2048 | 3.125% | 3,772,000 | 2,663,975 | |
08/15/2048 | 3.000% | 4,441,000 | 3,057,351 | |
11/15/2048 | 3.375% | 4,480,000 | 3,313,800 | |
02/15/2049 | 3.000% | 4,602,000 | 3,164,594 | |
05/15/2049 | 2.875% | 4,492,000 | 3,013,149 | |
08/15/2049 | 2.250% | 4,359,000 | 2,543,885 | |
11/15/2049 | 2.375% | 4,182,000 | 2,511,160 | |
02/15/2050 | 2.000% | 5,365,000 | 2,935,661 | |
05/15/2050 | 1.250% | 5,893,000 | 2,590,158 | |
08/15/2050 | 1.375% | 6,849,000 | 3,115,225 | |
11/15/2050 | 1.625% | 6,627,000 | 3,243,088 |
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
02/15/2051 | 1.875% | 7,805,000 | 4,096,405 | |
05/15/2051 | 2.375% | 7,892,000 | 4,700,672 | |
08/15/2051 | 2.000% | 7,706,000 | 4,164,852 | |
11/15/2051 | 1.875% | 7,109,000 | 3,707,788 | |
02/15/2052 | 2.250% | 6,605,000 | 3,802,003 | |
05/15/2052 | 2.875% | 6,147,000 | 4,101,202 | |
08/15/2052 | 3.000% | 5,826,000 | 3,996,272 | |
11/15/2052 | 4.000% | 5,987,000 | 5,003,822 | |
02/15/2053 | 3.625% | 6,016,000 | 4,687,780 | |
05/15/2053 | 3.625% | 5,934,000 | 4,624,811 | |
08/15/2053 | 4.125% | 1,907,000 | 1,631,379 | |
Total U.S. Treasury Obligations (Cost $1,124,236,737) | 992,524,882 |
Money Market Funds 0.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.630%(a),(b) | 5,068,038 | 5,066,517 |
Total Money Market Funds (Cost $5,065,963) | 5,066,517 | |
Total Investments in Securities (Cost: $1,129,302,700) | 997,591,399 | |
Other Assets & Liabilities, Net | 6,972,376 | |
Net Assets | 1,004,563,775 |
(a) | The rate shown is the seven-day current annualized yield at October 31, 2023. |
(b) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 5.630% | ||||||||
3,627,916 | 47,880,593 | (46,442,329) | 337 | 5,066,517 | 71 | 138,007 | 5,068,038 |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
8 | Columbia U.S. Treasury Index Fund | Semiannual Report 2023 |
October 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 | ||||
U.S. Treasury Obligations | — | 992,524,882 | — | 992,524,882 |
Money Market Funds | 5,066,517 | — | — | 5,066,517 |
Total Investments in Securities | 5,066,517 | 992,524,882 | — | 997,591,399 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 9 |
October 31, 2023 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,124,236,737) | $992,524,882 |
Affiliated issuers (cost $5,065,963) | 5,066,517 |
Receivable for: | |
Investments sold | 12,660,633 |
Capital shares sold | 2,914,331 |
Dividends | 19,978 |
Interest | 7,619,251 |
Trustees’ fees | 126,219 |
Expense reimbursement due from Investment Manager | 6,397 |
Total assets | 1,020,938,208 |
Liabilities | |
Payable for: | |
Investments purchased | 13,237,882 |
Capital shares redeemed | 247,295 |
Distributions to shareholders | 2,721,451 |
Management services fees | 10,991 |
Distribution and/or service fees | 269 |
Trustees’ fees | 156,545 |
Total liabilities | 16,374,433 |
Net assets applicable to outstanding capital stock | $1,004,563,775 |
Represented by | |
Paid in capital | 1,234,078,203 |
Total distributable earnings (loss) | (229,514,428) |
Total - representing net assets applicable to outstanding capital stock | $1,004,563,775 |
Class A | |
Net assets | $62,684,481 |
Shares outstanding | 6,632,821 |
Net asset value per share | $9.45 |
Class C | |
Net assets | $666,720 |
Shares outstanding | 70,545 |
Net asset value per share | $9.45 |
Institutional Class | |
Net assets | $476,066,027 |
Shares outstanding | 50,357,241 |
Net asset value per share | $9.45 |
Institutional 2 Class | |
Net assets | $17,716,454 |
Shares outstanding | 1,878,115 |
Net asset value per share | $9.43 |
Institutional 3 Class | |
Net assets | $447,430,093 |
Shares outstanding | 47,061,345 |
Net asset value per share | $9.51 |
10 | Columbia U.S. Treasury Index Fund | Semiannual Report 2023 |
Six Months Ended October 31, 2023 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $138,007 |
Interest | 16,268,262 |
Total income | 16,406,269 |
Expenses: | |
Management services fees | 2,255,330 |
Distribution and/or service fees | |
Class A | 49,995 |
Class C | 3,287 |
Trustees’ fees | 16,554 |
Total expenses | 2,325,166 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (1,316,063) |
Expense reduction | (600) |
Total net expenses | 1,008,503 |
Net investment income | 15,397,766 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (32,326,422) |
Investments — affiliated issuers | 71 |
Net realized loss | (32,326,351) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (52,029,974) |
Investments — affiliated issuers | 337 |
Net change in unrealized appreciation (depreciation) | (52,029,637) |
Net realized and unrealized loss | (84,355,988) |
Net decrease in net assets resulting from operations | $(68,958,222) |
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 11 |
Six Months Ended October 31, 2023 (Unaudited) | Year Ended April 30, 2023 | |
Operations | ||
Net investment income | $15,397,766 | $22,280,845 |
Net realized loss | (32,326,351) | (60,258,787) |
Net change in unrealized appreciation (depreciation) | (52,029,637) | 23,292,480 |
Net decrease in net assets resulting from operations | (68,958,222) | (14,685,462) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (854,152) | (1,129,848) |
Class C | (7,833) | (17,057) |
Institutional Class | (6,699,638) | (9,181,389) |
Institutional 2 Class | (309,559) | (432,012) |
Institutional 3 Class | (7,366,982) | (11,631,519) |
Total distributions to shareholders | (15,238,164) | (22,391,825) |
Decrease in net assets from capital stock activity | (104,359,302) | (62,638,706) |
Total decrease in net assets | (188,555,688) | (99,715,993) |
Net assets at beginning of period | 1,193,119,463 | 1,292,835,456 |
Net assets at end of period | $1,004,563,775 | $1,193,119,463 |
12 | Columbia U.S. Treasury Index Fund | Semiannual Report 2023 |
Six Months Ended | Year Ended | |||
October 31, 2023 (Unaudited) | April 30, 2023 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Shares sold | 908,315 | 8,915,938 | 4,981,834 | 51,719,018 |
Distributions reinvested | 32,235 | 315,535 | 37,842 | 383,115 |
Shares redeemed | (1,027,155) | (10,100,925) | (1,675,602) | (17,122,290) |
Net increase (decrease) | (86,605) | (869,452) | 3,344,074 | 34,979,843 |
Class C | ||||
Shares sold | 6,356 | 64,072 | 4,772 | 48,327 |
Distributions reinvested | 798 | 7,816 | 1,682 | 17,057 |
Shares redeemed | (23,589) | (231,635) | (160,991) | (1,623,685) |
Net decrease | (16,435) | (159,747) | (154,537) | (1,558,301) |
Institutional Class | ||||
Shares sold | 8,900,206 | 87,482,955 | 12,613,230 | 126,812,970 |
Distributions reinvested | 667,515 | 6,532,842 | 880,119 | 8,914,230 |
Shares redeemed | (8,083,031) | (79,875,376) | (6,904,405) | (70,132,989) |
Net increase | 1,484,690 | 14,140,421 | 6,588,944 | 65,594,211 |
Institutional 2 Class | ||||
Shares sold | 519,680 | 5,113,619 | 1,917,292 | 19,249,047 |
Distributions reinvested | 19,521 | 191,385 | 21,859 | 220,532 |
Shares redeemed | (1,440,993) | (14,167,178) | (3,325,044) | (34,809,795) |
Net decrease | (901,792) | (8,862,174) | (1,385,893) | (15,340,216) |
Institutional 3 Class | ||||
Shares sold | 11,053,428 | 110,353,936 | 32,582,117 | 333,437,917 |
Distributions reinvested | 745,036 | 7,337,342 | 1,137,179 | 11,596,979 |
Shares redeemed | (22,843,014) | (226,299,628) | (48,027,100) | (491,349,139) |
Net decrease | (11,044,550) | (108,608,350) | (14,307,804) | (146,314,243) |
Total net decrease | (10,564,692) | (104,359,302) | (5,915,216) | (62,638,706) |
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 13 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $10.20 | 0.13 | (0.75) | (0.62) | (0.13) | — | (0.13) |
Year Ended 4/30/2023 | $10.52 | 0.19 | (0.33) | (0.14) | (0.18) | — | (0.18) |
Year Ended 4/30/2022 | $11.52 | 0.12 | (0.98) | (0.86) | (0.12) | (0.02) | (0.14) |
Year Ended 4/30/2021 | $12.30 | 0.14 | (0.71) | (0.57) | (0.14) | (0.07) | (0.21) |
Year Ended 4/30/2020 | $11.00 | 0.21 | 1.30 | 1.51 | (0.21) | — | (0.21) |
Year Ended 4/30/2019 | $10.75 | 0.21 | 0.25 | 0.46 | (0.21) | — | (0.21) |
Class C | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $10.20 | 0.10 | (0.75) | (0.65) | (0.10) | — | (0.10) |
Year Ended 4/30/2023 | $10.52 | 0.11 | (0.31) | (0.20) | (0.12) | — | (0.12) |
Year Ended 4/30/2022 | $11.52 | 0.04 | (0.97) | (0.93) | (0.05) | (0.02) | (0.07) |
Year Ended 4/30/2021 | $12.29 | 0.06 | (0.70) | (0.64) | (0.06) | (0.07) | (0.13) |
Year Ended 4/30/2020 | $11.00 | 0.13 | 1.29 | 1.42 | (0.13) | — | (0.13) |
Year Ended 4/30/2019 | $10.75 | 0.13 | 0.25 | 0.38 | (0.13) | — | (0.13) |
Institutional Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $10.21 | 0.14 | (0.76) | (0.62) | (0.14) | — | (0.14) |
Year Ended 4/30/2023 | $10.52 | 0.20 | (0.31) | (0.11) | (0.20) | — | (0.20) |
Year Ended 4/30/2022 | $11.53 | 0.14 | (0.99) | (0.85) | (0.14) | (0.02) | (0.16) |
Year Ended 4/30/2021 | $12.30 | 0.16 | (0.70) | (0.54) | (0.16) | (0.07) | (0.23) |
Year Ended 4/30/2020 | $11.01 | 0.23 | 1.29 | 1.52 | (0.23) | — | (0.23) |
Year Ended 4/30/2019 | $10.75 | 0.22 | 0.27 | 0.49 | (0.23) | — | (0.23) |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $10.19 | 0.14 | (0.76) | (0.62) | (0.14) | — | (0.14) |
Year Ended 4/30/2023 | $10.50 | 0.20 | (0.31) | (0.11) | (0.20) | — | (0.20) |
Year Ended 4/30/2022 | $11.50 | 0.13 | (0.97) | (0.84) | (0.14) | (0.02) | (0.16) |
Year Ended 4/30/2021 | $12.27 | 0.16 | (0.70) | (0.54) | (0.16) | (0.07) | (0.23) |
Year Ended 4/30/2020 | $10.98 | 0.23 | 1.29 | 1.52 | (0.23) | — | (0.23) |
Year Ended 4/30/2019 | $10.73 | 0.23 | 0.25 | 0.48 | (0.23) | — | (0.23) |
14 | Columbia U.S. Treasury Index 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 10/31/2023 (Unaudited) | $9.45 | (6.13%) | 0.55% | 0.32%(c) | 2.60% | 25% | $62,684 |
Year Ended 4/30/2023 | $10.20 | (1.26%) | 0.56% | 0.32%(c) | 1.86% | 56% | $68,565 |
Year Ended 4/30/2022 | $10.52 | (7.54%) | 0.59% | 0.32%(c) | 1.03% | 31% | $35,499 |
Year Ended 4/30/2021 | $11.52 | (4.66%) | 0.65% | 0.32%(c),(d) | 1.20% | 40% | $48,338 |
Year Ended 4/30/2020 | $12.30 | 13.88% | 0.65% | 0.33%(c),(d) | 1.83% | 54% | $51,890 |
Year Ended 4/30/2019 | $11.00 | 4.32% | 0.65% | 0.35%(c),(d) | 1.93% | 50% | $35,707 |
Class C | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $9.45 | (6.44%) | 1.21% | 0.97%(c) | 1.93% | 25% | $667 |
Year Ended 4/30/2023 | $10.20 | (1.90%) | 1.20% | 0.97%(c) | 1.04% | 56% | $888 |
Year Ended 4/30/2022 | $10.52 | (8.14%) | 1.29% | 0.97%(c) | 0.37% | 31% | $2,540 |
Year Ended 4/30/2021 | $11.52 | (5.22%) | 1.40% | 0.99%(c),(d) | 0.53% | 40% | $6,680 |
Year Ended 4/30/2020 | $12.29 | 13.00% | 1.41% | 1.03%(c),(d) | 1.12% | 54% | $6,910 |
Year Ended 4/30/2019 | $11.00 | 3.59% | 1.40% | 1.05%(c),(d) | 1.23% | 50% | $2,801 |
Institutional Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $9.45 | (6.15%) | 0.40% | 0.17%(c) | 2.75% | 25% | $476,066 |
Year Ended 4/30/2023 | $10.21 | (1.02%) | 0.40% | 0.17%(c) | 1.98% | 56% | $498,884 |
Year Ended 4/30/2022 | $10.52 | (7.48%) | 0.40% | 0.17%(c) | 1.18% | 31% | $444,883 |
Year Ended 4/30/2021 | $11.53 | (4.44%) | 0.40% | 0.17%(c) | 1.35% | 40% | $537,273 |
Year Ended 4/30/2020 | $12.30 | 13.95% | 0.40% | 0.18%(c) | 1.98% | 54% | $581,931 |
Year Ended 4/30/2019 | $11.01 | 4.57% | 0.40% | 0.20%(c) | 2.08% | 50% | $323,226 |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $9.43 | (6.16%) | 0.40% | 0.17% | 2.72% | 25% | $17,716 |
Year Ended 4/30/2023 | $10.19 | (1.02%) | 0.40% | 0.17% | 1.94% | 56% | $28,314 |
Year Ended 4/30/2022 | $10.50 | (7.42%) | 0.40% | 0.17% | 1.18% | 31% | $43,738 |
Year Ended 4/30/2021 | $11.50 | (4.45%) | 0.40% | 0.17% | 1.35% | 40% | $53,191 |
Year Ended 4/30/2020 | $12.27 | 13.98% | 0.40% | 0.18% | 1.98% | 54% | $51,284 |
Year Ended 4/30/2019 | $10.98 | 4.48% | 0.40% | 0.20% | 2.10% | 50% | $35,855 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 15 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $10.27 | 0.14 | (0.76) | (0.62) | (0.14) | — | (0.14) |
Year Ended 4/30/2023 | $10.58 | 0.20 | (0.31) | (0.11) | (0.20) | — | (0.20) |
Year Ended 4/30/2022 | $11.59 | 0.14 | (0.99) | (0.85) | (0.14) | (0.02) | (0.16) |
Year Ended 4/30/2021 | $12.37 | 0.16 | (0.71) | (0.55) | (0.16) | (0.07) | (0.23) |
Year Ended 4/30/2020 | $11.07 | 0.23 | 1.30 | 1.53 | (0.23) | — | (0.23) |
Year Ended 4/30/2019 | $10.81 | 0.23 | 0.26 | 0.49 | (0.23) | — | (0.23) |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Ratios include the impact of voluntary waivers paid by the Investment Manager. For the periods indicated below, if the Investment Manager had not paid these voluntary waivers, the Fund’s net expense ratio would increase by: |
4/30/2021 | 4/30/2020 | 4/30/2019 | |
Class A | 0.03% | 0.10% | 0.10% |
Class C | 0.05% | 0.15% | 0.15% |
16 | Columbia U.S. Treasury Index 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 10/31/2023 (Unaudited) | $9.51 | (6.11%) | 0.40% | 0.17% | 2.75% | 25% | $447,430 |
Year Ended 4/30/2023 | $10.27 | (1.00%) | 0.40% | 0.17% | 1.94% | 56% | $596,470 |
Year Ended 4/30/2022 | $10.58 | (7.44%) | 0.40% | 0.17% | 1.19% | 31% | $766,175 |
Year Ended 4/30/2021 | $11.59 | (4.49%) | 0.40% | 0.17% | 1.33% | 40% | $592,772 |
Year Ended 4/30/2020 | $12.37 | 13.97% | 0.40% | 0.18% | 2.00% | 54% | $415,616 |
Year Ended 4/30/2019 | $11.07 | 4.56% | 0.40% | 0.20% | 2.10% | 50% | $445,200 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 17 |
October 31, 2023 (Unaudited)
18 | Columbia U.S. Treasury Index Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 19 |
October 31, 2023 (Unaudited)
20 | Columbia U.S. Treasury Index Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Fee rate(s) contractual through August 31, 2024 | |
Class A | 0.32% |
Class C | 0.97 |
Institutional Class | 0.17 |
Institutional 2 Class | 0.17 |
Institutional 3 Class | 0.17 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 21 |
October 31, 2023 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
1,129,303,000 | 1,000 | (131,713,000) | (131,712,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(7,906,155) | (52,484,666) | (60,390,821) |
22 | Columbia U.S. Treasury Index Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 23 |
October 31, 2023 (Unaudited)
24 | Columbia U.S. Treasury Index Fund | Semiannual Report 2023 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to one or more benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 25 |
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
26 | Columbia U.S. Treasury Index Fund | Semiannual Report 2023 |
(Unaudited)
The Board considered the reports of JDL, which assisted in the Board’s analysis of the Funds’ performance and expenses and the reasonableness of the Funds’ fee rates. The Board accorded particular weight to the notion that a primary objective of the level of fees is to achieve a rational pricing model applied consistently across the various product lines in the Fund family, while assuring that the overall fees for each Fund (with certain exceptions) are generally in line with the current “pricing philosophy” such that Fund total expense ratios, in general, approximate or are lower than the median expense ratios of funds in the same Lipper comparison universe. The Board took into account that the Fund’s total expense ratio (after considering proposed expense caps/waivers) was somewhat higher than the median ratio. After reviewing these and related factors, the Board concluded, within the context of their overall conclusions, that the levels of management fees and expenses of the Fund, in light of other considerations, supported the continuation of the Management Agreement.
Columbia U.S. Treasury Index Fund | Semiannual Report 2023 | 27 |
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imge7dce8252.jpg)
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imgd6dad80b1.jpg)
October 31, 2023 (Unaudited)
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imgbfc7a7cd2.jpg)
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2023) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 07/31/00 | -5.41 | 3.01 | 1.16 | 1.68 |
Including sales charges | -9.89 | -1.86 | 0.19 | 1.19 | ||
Advisor Class | 11/08/12 | -5.20 | 3.39 | 1.44 | 1.94 | |
Class C | Excluding sales charges | 07/15/02 | -5.68 | 2.57 | 0.61 | 1.09 |
Including sales charges | -6.60 | 1.57 | 0.61 | 1.09 | ||
Institutional Class | 03/05/86 | -5.29 | 3.27 | 1.42 | 1.93 | |
Institutional 2 Class | 11/08/12 | -5.25 | 3.38 | 1.54 | 2.05 | |
Institutional 3 Class | 11/08/12 | -5.11 | 3.55 | 1.59 | 2.09 | |
Blended Benchmark | -5.05 | 3.23 | 1.17 | 2.19 | ||
Bloomberg U.S. Corporate Bond Index | -5.90 | 2.77 | 0.85 | 1.89 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2023) | |
Common Stocks | 0.0(a) |
Convertible Bonds | 0.0(a) |
Corporate Bonds & Notes | 94.9 |
Foreign Government Obligations | 0.0(a) |
Money Market Funds | 2.5 |
Senior Loans | 0.2 |
U.S. Treasury Obligations | 2.4 |
Total | 100.0 |
(a) | Rounds to zero. |
Quality breakdown (%) (at October 31, 2023) | |
AA rating | 6.5 |
A rating | 29.4 |
BBB rating | 49.8 |
BB rating | 6.5 |
B rating | 6.2 |
CCC rating | 1.5 |
Not rated | 0.1 |
Total | 100.0 |
4 | Columbia Corporate Income Fund | Semiannual Report 2023 |
(Unaudited)
May 1, 2023 — October 31, 2023 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 945.90 | 1,020.99 | 4.30 | 4.47 | 0.87 |
Advisor Class | 1,000.00 | 1,000.00 | 948.00 | 1,022.26 | 3.07 | 3.19 | 0.62 |
Class C | 1,000.00 | 1,000.00 | 943.20 | 1,018.19 | 7.01 | 7.28 | 1.42 |
Institutional Class | 1,000.00 | 1,000.00 | 947.10 | 1,022.26 | 3.07 | 3.19 | 0.62 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 947.50 | 1,022.87 | 2.47 | 2.57 | 0.50 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 948.90 | 1,023.12 | 2.23 | 2.31 | 0.45 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 5 |
October 31, 2023 (Unaudited)
Common Stocks 0.0% | ||
Issuer | Shares | Value ($) |
Financials 0.0% | ||
Financial Services 0.0% | ||
Mr. Cooper Group, Inc.(a) | 1,782 | 100,736 |
Total Financials | 100,736 | |
Total Common Stocks (Cost $1,077,469) | 100,736 |
Convertible Bonds 0.0% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Cable and Satellite 0.0% | ||||
DISH Network Corp. | ||||
Subordinated | ||||
08/15/2026 | 3.375% | 471,000 | 241,388 | |
Total Convertible Bonds (Cost $454,080) | 241,388 | |||
Corporate Bonds & Notes 93.6% | ||||
Aerospace & Defense 4.9% | ||||
BAE Systems Holdings, Inc.(b) | ||||
10/07/2024 | 3.800% | 3,635,000 | 3,559,820 | |
BAE Systems PLC(b) | ||||
02/15/2031 | 1.900% | 29,890,000 | 22,525,867 | |
Boeing Co. (The) | ||||
08/01/2059 | 3.950% | 13,066,000 | 8,028,248 | |
05/01/2060 | 5.930% | 7,390,000 | 6,216,709 | |
Bombardier, Inc.(b) | ||||
04/15/2027 | 7.875% | 200,000 | 192,572 | |
Howmet Aerospace, Inc. | ||||
01/15/2029 | 3.000% | 9,685,000 | 8,165,479 | |
L3Harris Technologies, Inc. | ||||
07/31/2033 | 5.400% | 4,690,000 | 4,381,479 | |
Lockheed Martin Corp. | ||||
02/15/2055 | 5.200% | 3,435,000 | 2,996,436 | |
Moog, Inc.(b) | ||||
12/15/2027 | 4.250% | 139,000 | 125,785 | |
Raytheon Technologies Corp. | ||||
03/15/2032 | 2.375% | 19,696,000 | 14,792,854 | |
Spirit AeroSystems, Inc.(b) | ||||
11/30/2029 | 9.375% | 396,000 | 406,798 | |
TransDigm, Inc.(b) | ||||
03/15/2026 | 6.250% | 5,391,000 | 5,271,049 | |
08/15/2028 | 6.750% | 567,000 | 551,049 | |
Total | 77,214,145 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Airlines 0.3% | ||||
Air Canada(b) | ||||
08/15/2026 | 3.875% | 520,000 | 473,378 | |
American Airlines, Inc.(b) | ||||
07/15/2025 | 11.750% | 400,000 | 424,024 | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(b) | ||||
04/20/2026 | 5.500% | 1,935,172 | 1,881,742 | |
04/20/2029 | 5.750% | 179,155 | 161,600 | |
Hawaiian Brand Intellectual Property Ltd./Miles Loyalty Ltd.(b) | ||||
01/20/2026 | 5.750% | 949,003 | 701,015 | |
United Airlines, Inc.(b) | ||||
04/15/2026 | 4.375% | 219,000 | 203,690 | |
04/15/2029 | 4.625% | 245,000 | 207,135 | |
United Airlines, Inc. Pass-Through Trust | ||||
10/15/2027 | 5.875% | 1,067,523 | 1,046,465 | |
Total | 5,099,049 | |||
Automotive 0.6% | ||||
American Axle & Manufacturing, Inc. | ||||
03/15/2026 | 6.250% | 197,000 | 190,357 | |
Clarios Global LP(b) | ||||
05/15/2025 | 6.750% | 80,000 | 79,472 | |
Ford Motor Credit Co. LLC | ||||
09/08/2024 | 3.664% | 1,168,000 | 1,136,916 | |
06/16/2025 | 5.125% | 256,000 | 248,747 | |
08/04/2025 | 4.134% | 1,500,000 | 1,430,306 | |
11/13/2025 | 3.375% | 1,251,000 | 1,167,274 | |
06/10/2026 | 6.950% | 473,000 | 473,969 | |
08/17/2027 | 4.125% | 554,000 | 503,388 | |
02/10/2029 | 2.900% | 1,642,000 | 1,342,708 | |
General Motors Co. | ||||
04/01/2048 | 5.400% | 2,835,000 | 2,127,999 | |
KAR Auction Services, Inc.(b) | ||||
06/01/2025 | 5.125% | 110,000 | 106,271 | |
Panther BF Aggregator 2 LP/Finance Co., Inc.(b) | ||||
05/15/2026 | 6.250% | 60,000 | 58,676 | |
05/15/2027 | 8.500% | 703,000 | 692,649 | |
ZF North America Capital, Inc.(b) | ||||
04/14/2030 | 7.125% | 314,000 | 304,985 | |
Total | 9,863,717 | |||
Banking 19.3% | ||||
Ally Financial, Inc. | ||||
05/21/2024 | 3.875% | 171,000 | 168,075 | |
Subordinated | ||||
11/20/2025 | 5.750% | 300,000 | 286,706 |
6 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Bank of America Corp.(c) | ||||
10/22/2030 | 2.884% | 9,530,000 | 7,793,450 | |
07/23/2031 | 1.898% | 6,665,000 | 4,957,323 | |
10/24/2031 | 1.922% | 34,690,000 | 25,585,624 | |
10/20/2032 | 2.572% | 3,426,000 | 2,568,074 | |
02/04/2033 | 2.972% | 11,010,000 | 8,434,121 | |
Subordinated | ||||
09/21/2036 | 2.482% | 9,289,000 | 6,621,603 | |
Citigroup, Inc.(c) | ||||
06/03/2031 | 2.572% | 12,483,000 | 9,772,518 | |
01/25/2033 | 3.057% | 12,863,000 | 9,906,045 | |
Goldman Sachs Group, Inc. (The)(c) | ||||
07/21/2032 | 2.383% | 22,048,000 | 16,378,947 | |
10/21/2032 | 2.650% | 14,132,000 | 10,627,883 | |
HSBC Holdings PLC(c) | ||||
05/24/2032 | 2.804% | 11,340,000 | 8,528,522 | |
11/22/2032 | 2.871% | 16,329,000 | 12,179,195 | |
Subordinated | ||||
06/20/2034 | 6.547% | 6,023,000 | 5,615,883 | |
JPMorgan Chase & Co.(c) | ||||
10/15/2030 | 2.739% | 21,822,000 | 17,918,984 | |
04/22/2032 | 2.580% | 7,693,000 | 5,938,718 | |
11/08/2032 | 2.545% | 26,490,000 | 20,073,338 | |
Morgan Stanley(c) | ||||
07/21/2032 | 2.239% | 13,464,000 | 9,934,301 | |
10/20/2032 | 2.511% | 19,057,000 | 14,254,462 | |
07/21/2034 | 5.424% | 2,902,000 | 2,648,510 | |
Subordinated | ||||
09/16/2036 | 2.484% | 6,269,000 | 4,444,549 | |
Morgan Stanley(c),(d) | ||||
11/01/2034 | 6.627% | 4,351,000 | 4,351,000 | |
PNC Financial Services Group, Inc. (The)(c) | ||||
06/12/2029 | 5.582% | 19,260,000 | 18,438,634 | |
10/20/2034 | 6.875% | 10,940,000 | 10,933,381 | |
US Bancorp(c) | ||||
10/26/2027 | 6.787% | 7,880,000 | 7,934,636 | |
06/12/2034 | 5.836% | 6,511,000 | 6,004,723 | |
Washington Mutual Bank(e),(f),(g) | ||||
Subordinated | ||||
01/15/2015 | 0.000% | 6,350,000 | 9,525 | |
Wells Fargo & Co.(c) | ||||
10/30/2030 | 2.879% | 13,846,000 | 11,316,172 | |
02/11/2031 | 2.572% | 14,713,000 | 11,661,123 | |
07/25/2034 | 5.557% | 7,500,000 | 6,869,653 | |
10/23/2034 | 6.491% | 18,797,000 | 18,472,530 | |
04/25/2053 | 4.611% | 4,920,000 | 3,625,051 | |
Total | 304,253,259 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Brokerage/Asset Managers/Exchanges 0.3% | ||||
AG Issuer LLC(b) | ||||
03/01/2028 | 6.250% | 350,000 | 323,480 | |
AG TTMT Escrow Issuer LLC(b) | ||||
09/30/2027 | 8.625% | 448,000 | 449,934 | |
Hightower Holding LLC(b) | ||||
04/15/2029 | 6.750% | 455,000 | 387,732 | |
NFP Corp.(b) | ||||
08/15/2028 | 6.875% | 1,340,000 | 1,145,086 | |
10/01/2030 | 7.500% | 2,497,000 | 2,368,510 | |
10/01/2031 | 8.500% | 296,000 | 291,536 | |
Total | 4,966,278 | |||
Building Materials 0.3% | ||||
American Builders & Contractors Supply Co., Inc.(b) | ||||
01/15/2028 | 4.000% | 455,000 | 408,703 | |
Beacon Roofing Supply, Inc.(b) | ||||
11/15/2026 | 4.500% | 550,000 | 513,169 | |
08/01/2030 | 6.500% | 292,000 | 278,949 | |
Interface, Inc.(b) | ||||
12/01/2028 | 5.500% | 210,000 | 176,142 | |
James Hardie International Finance DAC(b) | ||||
01/15/2028 | 5.000% | 572,000 | 530,294 | |
SRS Distribution, Inc.(b) | ||||
07/01/2028 | 4.625% | 792,000 | 691,024 | |
07/01/2029 | 6.125% | 439,000 | 367,628 | |
12/01/2029 | 6.000% | 488,000 | 406,300 | |
White Cap Buyer LLC(b) | ||||
10/15/2028 | 6.875% | 567,000 | 496,446 | |
Total | 3,868,655 | |||
Cable and Satellite 3.3% | ||||
CCO Holdings LLC/Capital Corp.(b) | ||||
05/01/2027 | 5.125% | 324,000 | 298,065 | |
03/01/2030 | 4.750% | 1,263,000 | 1,042,128 | |
02/01/2031 | 4.250% | 1,353,000 | 1,052,749 | |
02/01/2032 | 4.750% | 531,000 | 414,529 | |
CCO Holdings LLC/Capital Corp. | ||||
05/01/2032 | 4.500% | 942,000 | 720,879 | |
Charter Communications Operating LLC/Capital | ||||
05/01/2047 | 5.375% | 19,808,000 | 14,301,442 | |
06/30/2062 | 3.950% | 2,456,000 | 1,314,092 | |
Comcast Corp. | ||||
10/15/2030 | 4.250% | 21,340,000 | 19,292,192 | |
CSC Holdings LLC(b) | ||||
01/15/2030 | 5.750% | 664,000 | 348,561 | |
12/01/2030 | 4.125% | 1,316,000 | 881,742 | |
02/15/2031 | 3.375% | 504,000 | 322,839 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 7 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
DIRECTV Holdings LLC/Financing Co., Inc.(b) | ||||
08/15/2027 | 5.875% | 298,000 | 260,956 | |
DISH DBS Corp. | ||||
07/01/2026 | 7.750% | 1,153,000 | 771,948 | |
06/01/2029 | 5.125% | 833,000 | 428,268 | |
DISH Network Corp.(b) | ||||
11/15/2027 | 11.750% | 996,000 | 986,482 | |
NBCUniversal Media LLC | ||||
01/15/2043 | 4.450% | 1,810,000 | 1,404,627 | |
Radiate Holdco LLC/Finance, Inc.(b) | ||||
09/15/2026 | 4.500% | 321,000 | 246,105 | |
09/15/2028 | 6.500% | 182,000 | 90,084 | |
Sirius XM Radio, Inc.(b) | ||||
09/01/2026 | 3.125% | 1,933,000 | 1,734,792 | |
07/15/2028 | 4.000% | 1,000,000 | 850,112 | |
07/01/2030 | 4.125% | 461,000 | 365,992 | |
Videotron Ltd.(b) | ||||
06/15/2029 | 3.625% | 255,000 | 215,164 | |
Virgin Media Finance PLC(b) | ||||
07/15/2030 | 5.000% | 1,806,000 | 1,419,979 | |
Virgin Media Secured Finance PLC(b) | ||||
05/15/2029 | 5.500% | 168,000 | 148,744 | |
VZ Secured Financing BV(b) | ||||
01/15/2032 | 5.000% | 990,000 | 752,287 | |
Ziggo Bond Co. BV(b) | ||||
02/28/2030 | 5.125% | 509,000 | 370,693 | |
Ziggo Bond Finance BV(b) | ||||
01/15/2027 | 6.000% | 501,000 | 458,638 | |
Ziggo BV(b) | ||||
01/15/2030 | 4.875% | 1,000,000 | 799,767 | |
Total | 51,293,856 | |||
Chemicals 0.8% | ||||
Avient Corp.(b) | ||||
08/01/2030 | 7.125% | 428,000 | 413,566 | |
Axalta Coating Systems LLC(b) | ||||
02/15/2029 | 3.375% | 650,000 | 535,745 | |
Axalta Coating Systems LLC/Dutch Holding B BV(b) | ||||
06/15/2027 | 4.750% | 265,000 | 244,054 | |
Cheever Escrow Issuer LLC(b) | ||||
10/01/2027 | 7.125% | 554,000 | 513,868 | |
Element Solutions, Inc.(b) | ||||
09/01/2028 | 3.875% | 533,000 | 453,599 | |
HB Fuller Co. | ||||
10/15/2028 | 4.250% | 818,000 | 708,598 | |
Herens Holdco Sarl(b) | ||||
05/15/2028 | 4.750% | 714,000 | 553,413 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Illuminate Buyer LLC/Holdings IV, Inc.(b) | ||||
07/01/2028 | 9.000% | 355,000 | 331,751 | |
Ingevity Corp.(b) | ||||
11/01/2028 | 3.875% | 366,000 | 299,740 | |
Innophos Holdings, Inc.(b) | ||||
02/15/2028 | 9.375% | 401,000 | 378,006 | |
Iris Holdings, Inc.(b),(h) | ||||
02/15/2026 | 8.750% | 245,000 | 218,239 | |
LYB International Finance III LLC | ||||
04/01/2051 | 3.625% | 1,850,000 | 1,114,605 | |
Olympus Water US Holding Corp.(b) | ||||
10/01/2028 | 4.250% | 432,000 | 344,692 | |
11/15/2028 | 9.750% | 956,000 | 934,296 | |
10/01/2029 | 6.250% | 393,000 | 297,456 | |
SPCM SA(b) | ||||
03/15/2027 | 3.125% | 46,000 | 40,635 | |
Tronox, Inc.(b) | ||||
03/15/2029 | 4.625% | 33,000 | 25,910 | |
WR Grace Holdings LLC(b) | ||||
06/15/2027 | 4.875% | 4,348,000 | 3,911,246 | |
08/15/2029 | 5.625% | 675,000 | 523,140 | |
03/01/2031 | 7.375% | 149,000 | 138,123 | |
Total | 11,980,682 | |||
Construction Machinery 0.5% | ||||
Caterpillar Financial Services Corp. | ||||
01/06/2026 | 4.800% | 6,845,000 | 6,751,532 | |
H&E Equipment Services, Inc.(b) | ||||
12/15/2028 | 3.875% | 895,000 | 758,309 | |
Ritchie Bros Holdings, Inc.(b) | ||||
03/15/2028 | 6.750% | 125,000 | 123,183 | |
03/15/2031 | 7.750% | 292,000 | 293,116 | |
United Rentals North America, Inc. | ||||
05/15/2027 | 5.500% | 49,000 | 47,294 | |
02/15/2031 | 3.875% | 181,000 | 148,703 | |
01/15/2032 | 3.750% | 211,000 | 167,876 | |
Total | 8,290,013 | |||
Consumer Cyclical Services 0.3% | ||||
APX Group, Inc.(b) | ||||
07/15/2029 | 5.750% | 68,000 | 56,793 | |
Arches Buyer, Inc.(b) | ||||
06/01/2028 | 4.250% | 600,000 | 496,833 | |
12/01/2028 | 6.125% | 612,000 | 494,441 | |
Match Group Holdings II LLC(b) | ||||
10/01/2031 | 3.625% | 590,000 | 455,753 | |
Match Group, Inc.(b) | ||||
06/01/2028 | 4.625% | 174,000 | 156,190 |
8 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Uber Technologies, Inc.(b) | ||||
05/15/2025 | 7.500% | 778,000 | 779,708 | |
01/15/2028 | 6.250% | 257,000 | 247,705 | |
08/15/2029 | 4.500% | 1,635,000 | 1,442,812 | |
Total | 4,130,235 | |||
Consumer Products 0.2% | ||||
Acushnet Co.(b) | ||||
10/15/2028 | 7.375% | 114,000 | 114,236 | |
CD&R Smokey Buyer, Inc.(b) | ||||
07/15/2025 | 6.750% | 962,000 | 917,185 | |
Newell Brands, Inc. | ||||
06/01/2025 | 4.875% | 92,000 | 88,354 | |
09/15/2027 | 6.375% | 169,000 | 158,282 | |
09/15/2029 | 6.625% | 240,000 | 220,978 | |
Prestige Brands, Inc.(b) | ||||
01/15/2028 | 5.125% | 509,000 | 470,033 | |
04/01/2031 | 3.750% | 237,000 | 188,527 | |
Scotts Miracle-Gro Co. (The) | ||||
04/01/2031 | 4.000% | 150,000 | 111,658 | |
02/01/2032 | 4.375% | 237,000 | 173,821 | |
Spectrum Brands, Inc.(b) | ||||
10/01/2029 | 5.000% | 492,000 | 441,376 | |
07/15/2030 | 5.500% | 184,000 | 164,905 | |
Total | 3,049,355 | |||
Diversified Manufacturing 1.8% | ||||
Carrier Global Corp. | ||||
02/15/2030 | 2.722% | 27,543,000 | 22,432,727 | |
Chart Industries, Inc.(b) | ||||
01/01/2030 | 7.500% | 282,000 | 277,071 | |
01/01/2031 | 9.500% | 97,000 | 99,936 | |
Emerald Debt Merger Sub LLC(b) | ||||
12/15/2030 | 6.625% | 1,239,000 | 1,179,607 | |
Gates Global LLC/Co.(b) | ||||
01/15/2026 | 6.250% | 807,000 | 788,632 | |
Madison IAQ LLC(b) | ||||
06/30/2028 | 4.125% | 600,000 | 501,037 | |
06/30/2029 | 5.875% | 538,000 | 416,723 | |
Resideo Funding, Inc.(b) | ||||
09/01/2029 | 4.000% | 422,000 | 340,129 | |
Vertical US Newco, Inc.(b) | ||||
07/15/2027 | 5.250% | 644,000 | 586,257 | |
WESCO Distribution, Inc.(b) | ||||
06/15/2025 | 7.125% | 302,000 | 302,438 | |
06/15/2028 | 7.250% | 603,000 | 599,735 | |
Total | 27,524,292 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Electric 11.4% | ||||
AEP Texas, Inc. | ||||
06/01/2033 | 5.400% | 4,773,000 | 4,430,056 | |
01/15/2050 | 3.450% | 14,242,000 | 8,627,366 | |
AES Corp. (The) | ||||
01/15/2031 | 2.450% | 3,865,000 | 2,904,724 | |
American Transmission Systems, Inc.(b) | ||||
01/15/2032 | 2.650% | 6,334,000 | 4,877,779 | |
Berkshire Hathaway Energy Co. | ||||
05/01/2053 | 4.600% | 1,130,000 | 837,704 | |
CenterPoint Energy, Inc. | ||||
09/01/2024 | 2.500% | 3,517,000 | 3,413,245 | |
08/10/2026 | 5.250% | 16,125,000 | 15,883,381 | |
Clearway Energy Operating LLC(b) | ||||
03/15/2028 | 4.750% | 1,709,000 | 1,530,627 | |
02/15/2031 | 3.750% | 1,052,000 | 823,876 | |
01/15/2032 | 3.750% | 215,000 | 162,968 | |
CMS Energy Corp. | ||||
11/15/2025 | 3.600% | 8,564,000 | 8,135,908 | |
Dominion Energy, Inc. | ||||
08/15/2052 | 4.850% | 3,710,000 | 2,819,169 | |
DTE Energy Co. | ||||
11/01/2024 | 4.220% | 11,569,000 | 11,341,002 | |
06/15/2029 | 3.400% | 8,476,000 | 7,351,418 | |
Duke Energy Corp. | ||||
06/15/2031 | 2.550% | 11,525,000 | 8,891,372 | |
08/15/2052 | 5.000% | 1,652,000 | 1,286,426 | |
Edison International | ||||
11/15/2028 | 5.250% | 8,457,000 | 8,021,409 | |
Emera US Finance LP | ||||
06/15/2046 | 4.750% | 7,153,000 | 4,987,305 | |
Eversource Energy | ||||
10/01/2024 | 2.900% | 5,000,000 | 4,859,499 | |
08/15/2030 | 1.650% | 23,726,000 | 17,773,936 | |
Exelon Corp. | ||||
03/15/2053 | 5.600% | 7,260,000 | 6,233,519 | |
FirstEnergy Corp. | ||||
03/01/2050 | 3.400% | 2,000,000 | 1,207,910 | |
Georgia Power Co. | ||||
05/17/2033 | 4.950% | 9,346,000 | 8,538,205 | |
Jersey Central Power & Light Co.(b) | ||||
03/01/2032 | 2.750% | 1,783,000 | 1,367,064 | |
Leeward Renewable Energy Operations LLC(b) | ||||
07/01/2029 | 4.250% | 130,000 | 106,373 | |
NextEra Energy Operating Partners LP(b) | ||||
09/15/2027 | 4.500% | 928,000 | 831,969 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 9 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
NRG Energy, Inc. | ||||
01/15/2028 | 5.750% | 7,000 | 6,574 | |
NRG Energy, Inc.(b) | ||||
06/15/2029 | 5.250% | 1,965,000 | 1,737,545 | |
Pacific Gas and Electric Co. | ||||
07/01/2050 | 4.950% | 12,925,000 | 9,029,883 | |
PacifiCorp | ||||
05/15/2054 | 5.500% | 2,100,000 | 1,711,233 | |
PG&E Corp. | ||||
07/01/2030 | 5.250% | 398,000 | 348,537 | |
San Diego Gas & Electric Co. | ||||
08/15/2028 | 4.950% | 6,360,000 | 6,133,149 | |
TerraForm Power Operating LLC(b) | ||||
01/15/2030 | 4.750% | 654,000 | 556,266 | |
Vistra Operations Co. LLC(b) | ||||
09/01/2026 | 5.500% | 159,000 | 151,585 | |
02/15/2027 | 5.625% | 408,000 | 383,975 | |
07/31/2027 | 5.000% | 252,000 | 231,198 | |
05/01/2029 | 4.375% | 310,000 | 262,783 | |
10/15/2031 | 7.750% | 606,000 | 585,063 | |
WEC Energy Group, Inc. | ||||
09/12/2026 | 5.600% | 6,850,000 | 6,807,487 | |
01/15/2028 | 4.750% | 4,058,000 | 3,876,980 | |
10/15/2030 | 1.800% | 5,309,000 | 3,970,375 | |
Xcel Energy, Inc. | ||||
11/15/2031 | 2.350% | 8,921,000 | 6,658,964 | |
Total | 179,695,807 | |||
Environmental 0.6% | ||||
Clean Harbors, Inc.(b) | ||||
02/01/2031 | 6.375% | 90,000 | 85,666 | |
GFL Environmental, Inc.(b) | ||||
06/01/2025 | 4.250% | 95,000 | 91,431 | |
08/01/2025 | 3.750% | 7,660,000 | 7,282,667 | |
12/15/2026 | 5.125% | 364,000 | 346,391 | |
08/01/2028 | 4.000% | 320,000 | 276,261 | |
06/15/2029 | 4.750% | 509,000 | 447,094 | |
Waste Pro USA, Inc.(b) | ||||
02/15/2026 | 5.500% | 941,000 | 866,686 | |
Total | 9,396,196 | |||
Finance Companies 0.4% | ||||
Aretec Escrow Issuer 2, Inc.(b),(d) | ||||
08/15/2030 | 10.000% | 480,000 | 485,621 | |
Navient Corp. | ||||
10/25/2024 | 5.875% | 111,000 | 108,594 | |
06/15/2026 | 6.750% | 475,000 | 450,994 | |
Navient Corp.(d) | ||||
03/15/2031 | 11.500% | 411,000 | 410,219 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
OneMain Finance Corp. | ||||
01/15/2029 | 9.000% | 349,000 | 340,398 | |
09/15/2030 | 4.000% | 381,000 | 279,062 | |
Provident Funding Associates LP/Finance Corp.(b) | ||||
06/15/2025 | 6.375% | 325,000 | 289,175 | |
Quicken Loans LLC/Co-Issuer, Inc.(b) | ||||
03/01/2029 | 3.625% | 321,000 | 260,996 | |
Rocket Mortgage LLC/Co-Issuer, Inc.(b) | ||||
10/15/2033 | 4.000% | 3,812,000 | 2,802,948 | |
Springleaf Finance Corp. | ||||
03/15/2024 | 6.125% | 291,000 | 290,322 | |
11/15/2029 | 5.375% | 33,000 | 27,257 | |
United Wholesale Mortgage LLC(b) | ||||
04/15/2029 | 5.500% | 30,000 | 25,097 | |
Total | 5,770,683 | |||
Food and Beverage 6.7% | ||||
Bacardi Ltd.(b) | ||||
05/15/2038 | 5.150% | 3,790,000 | 3,181,555 | |
Bacardi Ltd./Bacardi-Martini BV(b) | ||||
06/15/2033 | 5.400% | 16,685,000 | 15,246,610 | |
Constellation Brands, Inc. | ||||
05/01/2033 | 4.900% | 22,300,000 | 20,132,602 | |
Darling Ingredients, Inc.(b) | ||||
06/15/2030 | 6.000% | 552,000 | 514,380 | |
Diageo Capital PLC | ||||
10/05/2033 | 5.625% | 15,885,000 | 15,593,791 | |
FAGE International SA/USA Dairy Industry, Inc.(b) | ||||
08/15/2026 | 5.625% | 2,056,000 | 1,972,034 | |
Kraft Heinz Foods Co. | ||||
06/01/2026 | 3.000% | 20,937,000 | 19,557,965 | |
Mars, Inc.(b) | ||||
04/20/2033 | 4.750% | 14,830,000 | 13,608,324 | |
Mondelez International, Inc. | ||||
03/17/2027 | 2.625% | 7,780,000 | 7,040,483 | |
Post Holdings, Inc.(b) | ||||
03/01/2027 | 5.750% | 910,000 | 868,126 | |
04/15/2030 | 4.625% | 736,000 | 617,553 | |
09/15/2031 | 4.500% | 523,000 | 424,522 | |
Primo Water Holdings, Inc.(b) | ||||
04/30/2029 | 4.375% | 309,000 | 261,177 | |
Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed(b) | ||||
03/01/2029 | 4.625% | 823,000 | 668,557 | |
Triton Water Holdings, Inc.(b) | ||||
04/01/2029 | 6.250% | 510,000 | 418,434 | |
Tyson Foods, Inc. | ||||
06/02/2047 | 4.550% | 1,175,000 | 839,472 | |
09/28/2048 | 5.100% | 4,757,000 | 3,682,398 |
10 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
US Foods, Inc.(b) | ||||
09/15/2028 | 6.875% | 303,000 | 297,543 | |
02/15/2029 | 4.750% | 523,000 | 460,778 | |
06/01/2030 | 4.625% | 354,000 | 302,470 | |
01/15/2032 | 7.250% | 282,000 | 277,053 | |
Total | 105,965,827 | |||
Gaming 0.6% | ||||
Boyd Gaming Corp. | ||||
12/01/2027 | 4.750% | 205,000 | 186,987 | |
Boyd Gaming Corp.(b) | ||||
06/15/2031 | 4.750% | 503,000 | 417,792 | |
Caesars Entertainment, Inc.(b) | ||||
10/15/2029 | 4.625% | 1,543,000 | 1,268,972 | |
02/15/2030 | 7.000% | 913,000 | 878,779 | |
CDI Escrow Issuer, Inc.(b) | ||||
04/01/2030 | 5.750% | 500,000 | 447,512 | |
Churchill Downs, Inc.(b) | ||||
05/01/2031 | 6.750% | 284,000 | 265,210 | |
Colt Merger Sub, Inc.(b) | ||||
07/01/2025 | 5.750% | 664,000 | 654,221 | |
07/01/2025 | 6.250% | 625,000 | 615,095 | |
07/01/2027 | 8.125% | 56,000 | 55,458 | |
International Game Technology PLC(b) | ||||
04/15/2026 | 4.125% | 2,003,000 | 1,887,258 | |
Light & Wonder International, Inc.(b) | ||||
09/01/2031 | 7.500% | 127,000 | 124,049 | |
MGM Resorts International | ||||
05/01/2025 | 6.750% | 1,375,000 | 1,367,250 | |
Midwest Gaming Borrower LLC(b) | ||||
05/01/2029 | 4.875% | 414,000 | 344,890 | |
Penn National Gaming, Inc.(b) | ||||
07/01/2029 | 4.125% | 242,000 | 188,044 | |
Scientific Games Holdings LP/US FinCo, Inc.(b) | ||||
03/01/2030 | 6.625% | 747,000 | 642,512 | |
Scientific Games International, Inc.(b) | ||||
11/15/2029 | 7.250% | 579,000 | 561,583 | |
Wynn Resorts Finance LLC/Capital Corp.(b) | ||||
10/01/2029 | 5.125% | 126,000 | 107,587 | |
Total | 10,013,199 | |||
Health Care 2.8% | ||||
Acadia Healthcare Co., Inc.(b) | ||||
07/01/2028 | 5.500% | 1,258,000 | 1,162,678 | |
04/15/2029 | 5.000% | 109,000 | 97,653 | |
AdaptHealth LLC(b) | ||||
08/01/2029 | 4.625% | 235,000 | 175,705 | |
03/01/2030 | 5.125% | 557,000 | 423,732 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Avantor Funding, Inc.(b) | ||||
07/15/2028 | 4.625% | 914,000 | 815,164 | |
11/01/2029 | 3.875% | 941,000 | 787,227 | |
Bausch & Lomb Escrow Corp.(b) | ||||
10/01/2028 | 8.375% | 478,000 | 475,060 | |
Catalent Pharma Solutions, Inc.(b) | ||||
04/01/2030 | 3.500% | 501,000 | 393,370 | |
Charles River Laboratories International, Inc.(b) | ||||
03/15/2029 | 3.750% | 148,000 | 125,395 | |
03/15/2031 | 4.000% | 194,000 | 158,407 | |
CHS/Community Health Systems, Inc.(b) | ||||
04/15/2029 | 6.875% | 459,000 | 188,071 | |
05/15/2030 | 5.250% | 1,288,000 | 914,780 | |
02/15/2031 | 4.750% | 244,000 | 164,115 | |
CVS Health Corp. | ||||
07/20/2045 | 5.125% | 8,270,000 | 6,596,541 | |
DaVita, Inc.(b) | ||||
06/01/2030 | 4.625% | 235,000 | 184,245 | |
Encompass Health Corp. | ||||
02/01/2028 | 4.500% | 520,000 | 468,786 | |
GE HealthCare Technologies, Inc. | ||||
11/15/2027 | 5.650% | 2,990,000 | 2,959,780 | |
HCA, Inc. | ||||
06/01/2028 | 5.200% | 16,355,000 | 15,569,550 | |
09/01/2030 | 3.500% | 4,919,000 | 4,071,255 | |
03/15/2052 | 4.625% | 884,000 | 616,145 | |
Indigo Merger Sub, Inc.(b) | ||||
07/15/2026 | 2.875% | 200,000 | 183,654 | |
IQVIA, Inc.(b) | ||||
05/15/2030 | 6.500% | 239,000 | 231,873 | |
Mozart Debt Merger Sub, Inc.(b) | ||||
04/01/2029 | 3.875% | 100,000 | 84,393 | |
10/01/2029 | 5.250% | 1,422,000 | 1,210,783 | |
Select Medical Corp.(b) | ||||
08/15/2026 | 6.250% | 1,121,000 | 1,090,573 | |
Star Parent, Inc.(b) | ||||
10/01/2030 | 9.000% | 835,000 | 829,622 | |
Tenet Healthcare Corp. | ||||
01/01/2026 | 4.875% | 405,000 | 388,544 | |
02/01/2027 | 6.250% | 394,000 | 378,492 | |
11/01/2027 | 5.125% | 1,793,000 | 1,656,619 | |
10/01/2028 | 6.125% | 721,000 | 667,023 | |
Tenet Healthcare Corp.(b) | ||||
05/15/2031 | 6.750% | 716,000 | 680,112 | |
Total | 43,749,347 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 11 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Healthcare Insurance 1.9% | ||||
Aetna, Inc. | ||||
11/15/2042 | 4.125% | 2,686,000 | 1,918,711 | |
08/15/2047 | 3.875% | 1,157,000 | 761,007 | |
Centene Corp. | ||||
02/15/2030 | 3.375% | 7,594,000 | 6,283,464 | |
10/15/2030 | 3.000% | 2,046,000 | 1,617,613 | |
03/01/2031 | 2.500% | 11,897,000 | 9,009,499 | |
UnitedHealth Group, Inc. | ||||
04/15/2063 | 5.200% | 11,930,000 | 9,971,298 | |
Total | 29,561,592 | |||
Home Construction 0.1% | ||||
Meritage Homes Corp. | ||||
06/01/2025 | 6.000% | 206,000 | 202,137 | |
Meritage Homes Corp.(b) | ||||
04/15/2029 | 3.875% | 423,000 | 355,621 | |
Shea Homes LP/Funding Corp. | ||||
02/15/2028 | 4.750% | 171,000 | 151,128 | |
04/01/2029 | 4.750% | 65,000 | 55,065 | |
Taylor Morrison Communities, Inc.(b) | ||||
01/15/2028 | 5.750% | 193,000 | 175,611 | |
08/01/2030 | 5.125% | 355,000 | 299,141 | |
Total | 1,238,703 | |||
Independent Energy 0.9% | ||||
Baytex Energy Corp.(b) | ||||
04/30/2030 | 8.500% | 475,000 | 471,044 | |
Callon Petroleum Co. | ||||
07/01/2026 | 6.375% | 922,000 | 899,220 | |
Callon Petroleum Co.(b) | ||||
08/01/2028 | 8.000% | 191,000 | 189,330 | |
06/15/2030 | 7.500% | 175,000 | 169,514 | |
Canadian Natural Resources Ltd. | ||||
06/01/2027 | 3.850% | 4,885,000 | 4,530,821 | |
Centennial Resource Production LLC(b) | ||||
04/01/2027 | 6.875% | 114,000 | 111,727 | |
Civitas Resources, Inc.(b) | ||||
07/01/2028 | 8.375% | 174,000 | 175,249 | |
11/01/2030 | 8.625% | 155,000 | 157,762 | |
07/01/2031 | 8.750% | 192,000 | 193,868 | |
CNX Resources Corp.(b) | ||||
03/14/2027 | 7.250% | 57,000 | 56,132 | |
01/15/2029 | 6.000% | 519,000 | 476,555 | |
01/15/2031 | 7.375% | 200,000 | 191,909 | |
Colgate Energy Partners III LLC(b) | ||||
07/01/2029 | 5.875% | 1,402,000 | 1,308,332 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Comstock Resources, Inc.(b) | ||||
03/01/2029 | 6.750% | 235,000 | 214,060 | |
01/15/2030 | 5.875% | 174,000 | 148,768 | |
CrownRock LP/Finance, Inc.(b) | ||||
10/15/2025 | 5.625% | 219,000 | 216,931 | |
05/01/2029 | 5.000% | 153,000 | 144,153 | |
Endeavor Energy Resources LP/Finance, Inc.(b) | ||||
01/30/2028 | 5.750% | 158,000 | 151,650 | |
Hilcorp Energy I LP/Finance Co.(b) | ||||
02/01/2029 | 5.750% | 731,000 | 658,327 | |
04/15/2030 | 6.000% | 226,000 | 200,739 | |
02/01/2031 | 6.000% | 300,000 | 262,891 | |
04/15/2032 | 6.250% | 353,000 | 308,132 | |
Matador Resources Co. | ||||
09/15/2026 | 5.875% | 520,000 | 502,099 | |
Matador Resources Co.(b) | ||||
04/15/2028 | 6.875% | 297,000 | 291,273 | |
Permian Resources Operating LLC(b) | ||||
01/15/2032 | 7.000% | 630,000 | 613,506 | |
Southwestern Energy Co. | ||||
02/01/2029 | 5.375% | 227,000 | 210,019 | |
02/01/2032 | 4.750% | 991,000 | 852,224 | |
Total | 13,706,235 | |||
Integrated Energy 0.3% | ||||
BP Capital Markets America, Inc. | ||||
03/17/2052 | 3.001% | 755,000 | 439,270 | |
Cenovus Energy, Inc. | ||||
02/15/2052 | 3.750% | 5,913,000 | 3,705,010 | |
Total | 4,144,280 | |||
Leisure 0.5% | ||||
Carnival Corp.(b) | ||||
03/01/2027 | 5.750% | 1,309,000 | 1,168,335 | |
08/01/2028 | 4.000% | 740,000 | 644,102 | |
08/15/2029 | 7.000% | 212,000 | 207,760 | |
Carnival Holdings Bermuda Ltd.(b) | ||||
05/01/2028 | 10.375% | 354,000 | 377,467 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op(b) | ||||
05/01/2025 | 5.500% | 300,000 | 294,213 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op | ||||
10/01/2028 | 6.500% | 472,000 | 438,935 | |
Cinemark USA, Inc.(b) | ||||
05/01/2025 | 8.750% | 73,000 | 73,766 | |
03/15/2026 | 5.875% | 458,000 | 436,591 | |
07/15/2028 | 5.250% | 250,000 | 217,651 |
12 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Live Nation Entertainment, Inc.(b) | ||||
05/15/2027 | 6.500% | 258,000 | 251,807 | |
10/15/2027 | 4.750% | 398,000 | 363,878 | |
NCL Corp., Ltd.(b) | ||||
02/15/2029 | 7.750% | 112,000 | 97,732 | |
Royal Caribbean Cruises Ltd.(b) | ||||
07/01/2026 | 4.250% | 292,000 | 268,701 | |
08/31/2026 | 5.500% | 426,000 | 402,661 | |
07/15/2027 | 5.375% | 226,000 | 208,297 | |
01/15/2029 | 8.250% | 525,000 | 538,508 | |
01/15/2030 | 7.250% | 630,000 | 622,656 | |
Six Flags Entertainment Corp.(b) | ||||
05/15/2031 | 7.250% | 679,000 | 624,854 | |
Viking Cruises Ltd.(b) | ||||
02/15/2029 | 7.000% | 236,000 | 213,393 | |
07/15/2031 | 9.125% | 281,000 | 276,043 | |
Total | 7,727,350 | |||
Life Insurance 6.6% | ||||
Five Corners Funding Trust(b) | ||||
11/15/2023 | 4.419% | 13,065,000 | 13,056,039 | |
Guardian Life Global Funding(b) | ||||
12/10/2025 | 0.875% | 13,510,000 | 12,148,906 | |
New York Life Insurance Co.(b) | ||||
Subordinated | ||||
05/15/2050 | 3.750% | 2,780,000 | 1,825,964 | |
Northwestern Mutual Global Funding(b) | ||||
01/14/2026 | 0.800% | 8,667,000 | 7,777,908 | |
Northwestern Mutual Life Insurance Co. (The)(b) | ||||
Subordinated | ||||
09/30/2059 | 3.625% | 9,158,000 | 5,498,086 | |
Pacific Life Global Funding II(b) | ||||
04/14/2026 | 1.375% | 17,139,000 | 15,422,030 | |
Peachtree Corners Funding Trust(b) | ||||
02/15/2025 | 3.976% | 19,150,000 | 18,540,476 | |
Principal Life Global Funding II(b) | ||||
11/21/2024 | 2.250% | 11,590,000 | 11,068,426 | |
08/16/2026 | 1.250% | 1,000,000 | 877,770 | |
Teachers Insurance & Annuity Association of America(b) | ||||
Subordinated | ||||
09/15/2044 | 4.900% | 2,765,000 | 2,244,984 | |
05/15/2050 | 3.300% | 9,989,000 | 6,001,888 | |
Voya Financial, Inc. | ||||
06/15/2026 | 3.650% | 9,490,000 | 8,937,659 | |
06/15/2046 | 4.800% | 895,000 | 647,036 | |
Total | 104,047,172 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Lodging 0.0% | ||||
Hilton Domestic Operating Co., Inc.(b) | ||||
05/01/2025 | 5.375% | 310,000 | 305,065 | |
Marriott Ownership Resorts, Inc.(b) | ||||
06/15/2029 | 4.500% | 128,000 | 104,923 | |
Total | 409,988 | |||
Media and Entertainment 1.9% | ||||
Clear Channel International BV(b) | ||||
08/01/2025 | 6.625% | 274,000 | 269,365 | |
Clear Channel Outdoor Holdings, Inc.(b) | ||||
04/15/2028 | 7.750% | 1,353,000 | 1,036,725 | |
09/15/2028 | 9.000% | 455,000 | 443,207 | |
06/01/2029 | 7.500% | 433,000 | 315,555 | |
iHeartCommunications, Inc. | ||||
05/01/2026 | 6.375% | 496,962 | 404,993 | |
05/01/2027 | 8.375% | 884,518 | 541,937 | |
iHeartCommunications, Inc.(b) | ||||
08/15/2027 | 5.250% | 102,000 | 74,787 | |
01/15/2028 | 4.750% | 749,000 | 530,072 | |
Meta Platforms, Inc. | ||||
05/15/2063 | 5.750% | 7,318,000 | 6,567,667 | |
Netflix, Inc.(b) | ||||
11/15/2029 | 5.375% | 992,000 | 960,819 | |
Outfront Media Capital LLC/Corp.(b) | ||||
01/15/2029 | 4.250% | 216,000 | 176,024 | |
03/15/2030 | 4.625% | 721,000 | 581,719 | |
Playtika Holding Corp.(b) | ||||
03/15/2029 | 4.250% | 503,000 | 405,479 | |
Roblox Corp.(b) | ||||
05/01/2030 | 3.875% | 537,000 | 435,664 | |
Univision Communications, Inc.(b) | ||||
08/15/2028 | 8.000% | 174,000 | 164,609 | |
05/01/2029 | 4.500% | 248,000 | 197,190 | |
06/30/2030 | 7.375% | 431,000 | 380,066 | |
ViacomCBS, Inc. | ||||
01/15/2031 | 4.950% | 3,560,000 | 2,972,607 | |
Warnermedia Holdings, Inc. | ||||
03/15/2062 | 5.391% | 18,991,000 | 13,301,108 | |
Total | 29,759,593 | |||
Metals and Mining 0.4% | ||||
Allegheny Technologies, Inc. | ||||
10/01/2029 | 4.875% | 122,000 | 104,195 | |
10/01/2031 | 5.125% | 590,000 | 485,568 | |
Constellium NV(b) | ||||
02/15/2026 | 5.875% | 251,000 | 242,189 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 13 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Constellium SE(b) | ||||
06/15/2028 | 5.625% | 893,000 | 816,804 | |
04/15/2029 | 3.750% | 491,000 | 403,892 | |
Hudbay Minerals, Inc.(b) | ||||
04/01/2026 | 4.500% | 344,000 | 319,648 | |
04/01/2029 | 6.125% | 403,000 | 362,067 | |
Kaiser Aluminum Corp.(b) | ||||
03/01/2028 | 4.625% | 91,000 | 75,870 | |
06/01/2031 | 4.500% | 486,000 | 359,099 | |
Novelis Corp.(b) | ||||
11/15/2026 | 3.250% | 370,000 | 329,793 | |
01/30/2030 | 4.750% | 2,336,000 | 1,988,529 | |
08/15/2031 | 3.875% | 367,000 | 286,910 | |
Total | 5,774,564 | |||
Midstream 3.4% | ||||
CNX Midstream Partners LP(b) | ||||
04/15/2030 | 4.750% | 485,000 | 399,713 | |
DT Midstream, Inc.(b) | ||||
06/15/2029 | 4.125% | 318,000 | 273,610 | |
06/15/2031 | 4.375% | 637,000 | 529,610 | |
EQM Midstream Partners LP | ||||
08/01/2024 | 4.000% | 562,000 | 547,765 | |
07/15/2048 | 6.500% | 107,000 | 90,291 | |
EQM Midstream Partners LP(b) | ||||
07/01/2025 | 6.000% | 212,000 | 207,953 | |
07/01/2027 | 6.500% | 307,000 | 299,845 | |
01/15/2029 | 4.500% | 333,000 | 291,785 | |
01/15/2031 | 4.750% | 1,171,000 | 980,759 | |
Hess Midstream Operations LP(b) | ||||
02/15/2030 | 4.250% | 143,000 | 122,911 | |
Holly Energy Partners LP/Finance Corp.(b) | ||||
04/15/2027 | 6.375% | 274,000 | 266,844 | |
ITT Holdings LLC(b) | ||||
08/01/2029 | 6.500% | 210,000 | 176,173 | |
Kinder Morgan Energy Partners LP | ||||
03/01/2043 | 5.000% | 5,946,000 | 4,591,099 | |
Kinder Morgan, Inc. | ||||
02/15/2046 | 5.050% | 1,600,000 | 1,221,212 | |
08/01/2052 | 5.450% | 5,773,000 | 4,662,590 | |
MPLX LP | ||||
04/15/2048 | 4.700% | 1,199,000 | 867,013 | |
03/14/2052 | 4.950% | 4,687,000 | 3,477,476 | |
NuStar Logistics LP | ||||
10/01/2025 | 5.750% | 182,000 | 176,620 | |
06/01/2026 | 6.000% | 132,000 | 127,790 | |
04/28/2027 | 5.625% | 647,000 | 614,097 | |
Plains All American Pipeline LP/Finance Corp. | ||||
06/15/2044 | 4.700% | 6,939,000 | 4,868,409 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Sunoco LP/Finance Corp. | ||||
04/15/2027 | 6.000% | 316,000 | 304,688 | |
TransMontaigne Partners LP/TLP Finance Corp. | ||||
02/15/2026 | 6.125% | 747,000 | 640,313 | |
Venture Global Calcasieu Pass LLC(b) | ||||
08/15/2029 | 3.875% | 699,000 | 583,156 | |
08/15/2031 | 4.125% | 1,016,000 | 818,462 | |
11/01/2033 | 3.875% | 562,000 | 425,810 | |
Western Gas Partners LP | ||||
08/15/2048 | 5.500% | 651,000 | 490,298 | |
Western Midstream Operating LP | ||||
01/15/2029 | 6.350% | 4,324,000 | 4,297,889 | |
Western Midstream Operating LP(c) | ||||
02/01/2050 | 5.250% | 6,450,000 | 4,742,578 | |
Williams Companies, Inc. (The) | ||||
08/15/2028 | 5.300% | 12,363,000 | 11,919,053 | |
09/15/2045 | 5.100% | 2,955,000 | 2,375,805 | |
Williams Cos, Inc. (The) | ||||
08/15/2052 | 5.300% | 3,014,000 | 2,450,606 | |
Total | 53,842,223 | |||
Natural Gas 2.7% | ||||
NiSource, Inc. | ||||
05/01/2030 | 3.600% | 2,179,000 | 1,865,226 | |
02/15/2031 | 1.700% | 35,176,000 | 25,774,936 | |
06/30/2033 | 5.400% | 8,600,000 | 8,005,748 | |
05/15/2047 | 4.375% | 2,710,000 | 1,969,855 | |
Southern Co Gas Capital Corp. | ||||
09/15/2033 | 5.750% | 4,761,000 | 4,543,826 | |
Total | 42,159,591 | |||
Oil Field Services 0.2% | ||||
Nabors Industries Ltd.(b) | ||||
01/15/2026 | 7.250% | 404,000 | 378,529 | |
01/15/2028 | 7.500% | 89,000 | 78,490 | |
Nabors Industries, Inc.(b) | ||||
05/15/2027 | 7.375% | 213,000 | 199,210 | |
Transocean Aquila Ltd.(b) | ||||
09/30/2028 | 8.000% | 539,000 | 530,409 | |
Transocean Titan Financing Ltd.(b) | ||||
02/01/2028 | 8.375% | 695,000 | 696,546 | |
Venture Global LNG, Inc.(b) | ||||
06/01/2028 | 8.125% | 189,000 | 183,496 | |
02/01/2029 | 9.500% | 145,000 | 147,075 | |
06/01/2031 | 8.375% | 739,000 | 705,287 | |
02/01/2032 | 9.875% | 144,000 | 146,050 | |
Total | 3,065,092 |
14 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Other Industry 0.0% | ||||
Hillenbrand, Inc. | ||||
03/01/2031 | 3.750% | 215,000 | 169,145 | |
Other REIT 0.4% | ||||
Blackstone Mortgage Trust, Inc.(b) | ||||
01/15/2027 | 3.750% | 621,000 | 516,854 | |
Ladder Capital Finance Holdings LLLP/Corp.(b) | ||||
10/01/2025 | 5.250% | 558,000 | 531,030 | |
02/01/2027 | 4.250% | 390,000 | 342,453 | |
06/15/2029 | 4.750% | 3,536,000 | 2,849,878 | |
Park Intermediate Holdings LLC/Domestic Property/Finance Co-Issuer(b) | ||||
10/01/2028 | 5.875% | 384,000 | 345,843 | |
Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer(b) | ||||
05/15/2029 | 4.875% | 317,000 | 265,865 | |
RHP Hotel Properties LP/Finance Corp.(b) | ||||
07/15/2028 | 7.250% | 148,000 | 144,320 | |
02/15/2029 | 4.500% | 216,000 | 183,920 | |
RLJ Lodging Trust LP(b) | ||||
07/01/2026 | 3.750% | 222,000 | 200,335 | |
09/15/2029 | 4.000% | 275,000 | 224,271 | |
Service Properties Trust | ||||
03/15/2024 | 4.650% | 209,000 | 206,409 | |
10/01/2024 | 4.350% | 98,000 | 93,956 | |
12/15/2027 | 5.500% | 129,000 | 108,776 | |
Total | 6,013,910 | |||
Packaging 0.2% | ||||
Ardagh Metal Packaging Finance USA LLC/PLC(b) | ||||
06/15/2027 | 6.000% | 501,000 | 474,005 | |
09/01/2029 | 4.000% | 1,201,000 | 900,641 | |
Ardagh Packaging Finance PLC/Holdings USA, Inc.(b) | ||||
08/15/2026 | 4.125% | 594,000 | 524,276 | |
Berry Global, Inc.(b) | ||||
04/15/2028 | 5.500% | 695,000 | 665,779 | |
Canpack SA/US LLC(b) | ||||
11/15/2029 | 3.875% | 829,000 | 646,108 | |
Trivium Packaging Finance BV(b) | ||||
08/15/2026 | 5.500% | 178,000 | 161,551 | |
08/15/2027 | 8.500% | 399,000 | 333,156 | |
Total | 3,705,516 | |||
Pharmaceuticals 4.0% | ||||
1375209 BC Ltd.(b) | ||||
01/30/2028 | 9.000% | 97,000 | 94,104 | |
AbbVie, Inc. | ||||
11/21/2029 | 3.200% | 4,903,000 | 4,272,943 | |
06/15/2044 | 4.850% | 1,764,000 | 1,473,662 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Amgen, Inc. | ||||
03/02/2063 | 5.750% | 27,299,000 | 23,629,078 | |
Bausch Health Companies, Inc.(b) | ||||
06/01/2028 | 4.875% | 152,000 | 75,503 | |
09/30/2028 | 11.000% | 173,000 | 105,514 | |
10/15/2030 | 14.000% | 34,000 | 18,522 | |
Grifols Escrow Issuer SA(b) | ||||
10/15/2028 | 4.750% | 352,000 | 294,998 | |
Organon Finance 1 LLC(b) | ||||
04/30/2028 | 4.125% | 419,000 | 361,973 | |
04/30/2031 | 5.125% | 861,000 | 672,780 | |
Pfizer Investment Enterprises Pte., Ltd. | ||||
05/19/2033 | 4.750% | 2,106,000 | 1,932,927 | |
05/19/2063 | 5.340% | 23,415,000 | 20,058,920 | |
Roche Holdings, Inc.(b) | ||||
01/28/2027 | 2.375% | 11,725,000 | 10,646,277 | |
Total | 63,637,201 | |||
Property & Casualty 0.5% | ||||
Alliant Holdings Intermediate LLC/Co-Issuer(b) | ||||
10/15/2027 | 4.250% | 32,000 | 28,124 | |
10/15/2027 | 6.750% | 834,000 | 760,925 | |
04/15/2028 | 6.750% | 1,068,000 | 1,015,598 | |
11/01/2029 | 5.875% | 932,000 | 778,923 | |
AssuredPartners, Inc.(b) | ||||
08/15/2025 | 7.000% | 568,000 | 556,574 | |
01/15/2029 | 5.625% | 608,000 | 516,886 | |
BroadStreet Partners, Inc.(b) | ||||
04/15/2029 | 5.875% | 716,000 | 623,954 | |
GTCR AP Finance, Inc.(b) | ||||
05/15/2027 | 8.000% | 39,000 | 37,926 | |
HUB International Ltd.(b) | ||||
05/01/2026 | 7.000% | 1,250,000 | 1,217,972 | |
12/01/2029 | 5.625% | 622,000 | 536,289 | |
HUB International, Ltd.(b) | ||||
06/15/2030 | 7.250% | 1,315,000 | 1,286,238 | |
USI, Inc.(b) | ||||
05/01/2025 | 6.875% | 321,000 | 318,230 | |
Total | 7,677,639 | |||
Railroads 1.2% | ||||
Norfolk Southern Corp. | ||||
08/01/2030 | 5.050% | 20,375,000 | 19,260,619 | |
Restaurants 0.6% | ||||
Fertitta Entertainment LLC/Finance Co., Inc.(b) | ||||
01/15/2030 | 6.750% | 605,000 | 480,781 | |
IRB Holding Corp.(b) | ||||
06/15/2025 | 7.000% | 874,000 | 872,935 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 15 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
McDonald’s Corp. | ||||
08/14/2053 | 5.450% | 8,459,000 | 7,447,398 | |
Yum! Brands, Inc. | ||||
04/01/2032 | 5.375% | 558,000 | 501,429 | |
Total | 9,302,543 | |||
Retailers 1.2% | ||||
Asbury Automotive Group, Inc.(b) | ||||
11/15/2029 | 4.625% | 142,000 | 120,030 | |
Group 1 Automotive, Inc.(b) | ||||
08/15/2028 | 4.000% | 100,000 | 86,244 | |
Hanesbrands, Inc.(b) | ||||
05/15/2026 | 4.875% | 255,000 | 234,411 | |
02/15/2031 | 9.000% | 253,000 | 235,238 | |
L Brands, Inc.(b) | ||||
07/01/2025 | 9.375% | 37,000 | 38,121 | |
10/01/2030 | 6.625% | 498,000 | 458,869 | |
L Brands, Inc. | ||||
06/15/2029 | 7.500% | 113,000 | 110,480 | |
11/01/2035 | 6.875% | 227,000 | 200,296 | |
LCM Investments Holdings II LLC(b) | ||||
05/01/2029 | 4.875% | 273,000 | 229,278 | |
08/01/2031 | 8.250% | 309,000 | 295,356 | |
Lithia Motors, Inc.(b) | ||||
01/15/2031 | 4.375% | 255,000 | 206,492 | |
Lowe’s Companies, Inc. | ||||
04/01/2062 | 4.450% | 8,466,000 | 5,780,205 | |
09/15/2062 | 5.800% | 10,891,000 | 9,218,248 | |
PetSmart, Inc./Finance Corp.(b) | ||||
02/15/2028 | 4.750% | 783,000 | 692,792 | |
02/15/2029 | 7.750% | 235,000 | 216,481 | |
Wolverine World Wide, Inc.(b) | ||||
08/15/2029 | 4.000% | 767,000 | 571,146 | |
Total | 18,693,687 | |||
Supermarkets 0.0% | ||||
Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC(b) | ||||
03/15/2026 | 7.500% | 147,000 | 149,359 | |
Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(b) | ||||
03/15/2026 | 3.250% | 223,000 | 206,192 | |
01/15/2027 | 4.625% | 339,000 | 318,233 | |
Total | 673,784 | |||
Technology 4.4% | ||||
Black Knight InfoServ LLC(b) | ||||
09/01/2028 | 3.625% | 595,000 | 530,668 | |
Block, Inc. | ||||
06/01/2026 | 2.750% | 103,000 | 92,748 | |
06/01/2031 | 3.500% | 217,000 | 167,897 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Boxer Parent Co., Inc.(b) | ||||
10/02/2025 | 7.125% | 82,000 | 80,922 | |
Broadcom, Inc.(b) | ||||
11/15/2036 | 3.187% | 13,341,000 | 9,234,715 | |
Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.(b) | ||||
06/15/2029 | 8.000% | 104,000 | 103,161 | |
Central Parent, Inc./CDK Global, Inc.(b) | ||||
06/15/2029 | 7.250% | 279,000 | 267,797 | |
Clarivate Science Holdings Corp.(b) | ||||
07/01/2028 | 3.875% | 258,000 | 222,416 | |
07/01/2029 | 4.875% | 695,000 | 585,982 | |
Cloud Software Group, Inc.(b) | ||||
09/30/2029 | 9.000% | 928,000 | 791,021 | |
Condor Merger Sub, Inc.(b) | ||||
02/15/2030 | 7.375% | 940,000 | 751,668 | |
Dun & Bradstreet Corp. (The)(b) | ||||
12/15/2029 | 5.000% | 197,000 | 169,564 | |
Entegris Escrow Corp.(b) | ||||
04/15/2029 | 4.750% | 180,000 | 161,722 | |
06/15/2030 | 5.950% | 633,000 | 579,042 | |
GTCR W-2 Merger Sub LLC(b) | ||||
01/15/2031 | 7.500% | 1,147,000 | 1,131,063 | |
HealthEquity, Inc.(b) | ||||
10/01/2029 | 4.500% | 626,000 | 536,992 | |
Helios Software Holdings, Inc.(b) | ||||
05/01/2028 | 4.625% | 476,000 | 400,259 | |
Intel Corp. | ||||
08/12/2051 | 3.050% | 5,225,000 | 2,991,266 | |
International Business Machines Corp. | ||||
05/15/2029 | 3.500% | 16,635,000 | 14,819,009 | |
ION Trading Technologies Sarl(b) | ||||
05/15/2028 | 5.750% | 494,000 | 409,984 | |
Iron Mountain, Inc.(b) | ||||
07/15/2030 | 5.250% | 827,000 | 718,092 | |
Logan Merger Sub, Inc.(b) | ||||
09/01/2027 | 5.500% | 1,368,000 | 718,612 | |
Microchip Technology, Inc. | ||||
02/15/2024 | 0.972% | 8,629,000 | 8,500,888 | |
Minerva Merger Sub, Inc.(b) | ||||
02/15/2030 | 6.500% | 1,042,000 | 849,324 | |
MSCI, Inc.(b) | ||||
11/01/2031 | 3.625% | 7,585,000 | 6,023,126 | |
NCR Atleos Escrow Corp.(b) | ||||
04/01/2029 | 9.500% | 905,000 | 886,926 |
16 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
NCR Corp.(b) | ||||
10/01/2028 | 5.000% | 424,000 | 366,280 | |
04/15/2029 | 5.125% | 895,000 | 769,879 | |
10/01/2030 | 5.250% | 220,000 | 182,163 | |
Neptune Bidco US, Inc.(b) | ||||
04/15/2029 | 9.290% | 736,000 | 650,117 | |
NXP BV/Funding LLC/USA, Inc. | ||||
05/11/2031 | 2.500% | 15,995,000 | 12,209,030 | |
Picard Midco, Inc.(b) | ||||
03/31/2029 | 6.500% | 1,058,000 | 928,520 | |
Seagate HDD Cayman(b) | ||||
12/15/2029 | 8.250% | 275,000 | 279,958 | |
07/15/2031 | 8.500% | 306,000 | 311,632 | |
Shift4 Payments LLC/Finance Sub, Inc.(b) | ||||
11/01/2026 | 4.625% | 912,000 | 842,258 | |
Tempo Acquisition LLC/Finance Corp.(b) | ||||
06/01/2025 | 5.750% | 175,000 | 170,970 | |
Verscend Escrow Corp.(b) | ||||
08/15/2026 | 9.750% | 505,000 | 501,522 | |
ZoomInfo Technologies LLC/Finance Corp.(b) | ||||
02/01/2029 | 3.875% | 441,000 | 364,031 | |
Total | 69,301,224 | |||
Tobacco 0.3% | ||||
Reynolds American, Inc. | ||||
08/15/2035 | 5.700% | 6,276,000 | 5,381,148 | |
Transportation Services 1.7% | ||||
ERAC USA Finance LLC(b) | ||||
05/01/2028 | 4.600% | 28,323,000 | 26,961,329 | |
Wireless 2.4% | ||||
Altice France Holding SA(b) | ||||
05/15/2027 | 10.500% | 329,000 | 179,284 | |
02/15/2028 | 6.000% | 343,000 | 150,275 | |
Altice France SA(b) | ||||
02/01/2027 | 8.125% | 372,000 | 314,345 | |
01/15/2028 | 5.500% | 1,647,000 | 1,223,791 | |
07/15/2029 | 5.125% | 1,059,000 | 725,449 | |
10/15/2029 | 5.500% | 120,000 | 82,808 | |
American Tower Corp. | ||||
08/15/2029 | 3.800% | 2,373,000 | 2,076,686 | |
SBA Communications Corp. | ||||
02/15/2027 | 3.875% | 277,000 | 252,617 | |
02/01/2029 | 3.125% | 110,000 | 91,190 | |
Sprint Corp. | ||||
06/15/2024 | 7.125% | 316,000 | 317,700 | |
03/01/2026 | 7.625% | 552,000 | 566,994 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
T-Mobile US, Inc. | ||||
02/15/2029 | 2.625% | 20,007,000 | 16,794,239 | |
02/15/2031 | 2.875% | 11,964,000 | 9,542,964 | |
04/15/2031 | 3.500% | 5,395,000 | 4,478,550 | |
Vmed O2 UK Financing I PLC(b) | ||||
01/31/2031 | 4.250% | 1,059,000 | 834,984 | |
07/15/2031 | 4.750% | 849,000 | 683,379 | |
Total | 38,315,255 | |||
Wirelines 2.7% | ||||
AT&T, Inc. | ||||
05/14/2035 | 4.500% | 2,000,000 | 1,665,832 | |
12/01/2057 | 3.800% | 10,117,000 | 6,088,195 | |
Frontier Communications Holdings LLC(b) | ||||
05/15/2030 | 8.750% | 326,000 | 310,680 | |
03/15/2031 | 8.625% | 540,000 | 507,953 | |
Iliad Holding SAS(b) | ||||
10/15/2026 | 6.500% | 1,150,000 | 1,073,398 | |
10/15/2028 | 7.000% | 1,037,000 | 937,709 | |
Telefonica Emisiones SAU | ||||
03/06/2048 | 4.895% | 5,905,000 | 4,251,370 | |
Verizon Communications, Inc. | ||||
03/21/2031 | 2.550% | 35,595,000 | 27,791,519 | |
Total | 42,626,656 | |||
Total Corporate Bonds & Notes (Cost $1,686,208,132) | 1,473,280,634 | |||
Foreign Government Obligations(i) 0.1% | ||||
Canada 0.1% | ||||
NOVA Chemicals Corp.(b) | ||||
05/01/2025 | 5.000% | 393,000 | 371,453 | |
06/01/2027 | 5.250% | 251,000 | 213,046 | |
05/15/2029 | 4.250% | 313,000 | 232,401 | |
Total | 816,900 | |||
Total Foreign Government Obligations (Cost $930,898) | 816,900 | |||
Senior Loans 0.2% | ||||
Borrower | Coupon Rate | Principal Amount ($) | Value ($) | |
Chemicals 0.0% | ||||
WR Grace Holdings LLC(j),(k) | ||||
Term Loan | ||||
3-month Term SOFR + 3.750% Floor 0.500% 09/22/2028 | 9.402% | 381,210 | 373,269 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 17 |
October 31, 2023 (Unaudited)
Senior Loans (continued) | ||||
Borrower | Coupon Rate | Principal Amount ($) | Value ($) | |
Consumer Cyclical Services 0.0% | ||||
8th Avenue Food & Provisions, Inc.(j),(k) | ||||
1st Lien Term Loan | ||||
1-month Term SOFR + 3.750% 10/01/2025 | 9.189% | 329,595 | 310,488 | |
2nd Lien Term Loan | ||||
1-month Term SOFR + 7.750% 10/01/2026 | 13.189% | 78,084 | 58,694 | |
Total | 369,182 | |||
Media and Entertainment 0.1% | ||||
Cengage Learning, Inc.(j),(k) | ||||
Tranche B 1st Lien Term Loan | ||||
3-month Term SOFR + 4.750% Floor 1.000% 07/14/2026 | 10.405% | 456,990 | 451,539 | |
Technology 0.1% | ||||
Ascend Learning LLC(j),(k) | ||||
1st Lien Term Loan | ||||
1-month Term SOFR + 3.500% Floor 0.500% 12/11/2028 | 8.924% | 559,988 | 519,915 | |
2nd Lien Term Loan | ||||
1-month Term SOFR + 5.750% Floor 0.500% 12/10/2029 | 11.174% | 246,000 | 206,844 | |
DCert Buyer, Inc.(j),(k) | ||||
2nd Lien Term Loan | ||||
1-month Term SOFR + 7.000% 02/19/2029 | 12.324% | 357,000 | 318,326 | |
UKG, Inc.(j),(k) | ||||
1st Lien Term Loan | ||||
3-month Term SOFR + 3.250% Floor 0.500% 05/04/2026 | 8.764% | 243,295 | 241,802 |
Senior Loans (continued) | ||||
Borrower | Coupon Rate | Principal Amount ($) | Value ($) | |
2nd Lien Term Loan | ||||
3-month Term SOFR + 5.250% Floor 0.500% 05/03/2027 | 10.764% | 478,000 | 476,924 | |
Total | 1,763,811 | |||
Total Senior Loans (Cost $3,105,331) | 2,957,801 | |||
U.S. Treasury Obligations 2.3% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury | ||||
05/15/2043 | 3.875% | 6,489,000 | 5,387,898 | |
08/15/2043 | 4.375% | 20,000,000 | 17,831,250 | |
02/15/2053 | 3.625% | 17,108,000 | 13,330,874 | |
Total U.S. Treasury Obligations (Cost $40,304,320) | 36,550,022 |
Money Market Funds 2.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.630%(l),(m) | 39,043,205 | 39,031,492 |
Total Money Market Funds (Cost $39,027,471) | 39,031,492 | |
Total Investments in Securities (Cost: $1,771,107,701) | 1,552,978,973 | |
Other Assets & Liabilities, Net | 20,657,111 | |
Net Assets | 1,573,636,084 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Long Bond | 812 | 12/2023 | USD | 88,863,250 | — | (6,950,846) |
U.S. Treasury 2-Year Note | 795 | 12/2023 | USD | 160,925,391 | — | (865,388) |
U.S. Treasury 5-Year Note | 1,176 | 12/2023 | USD | 122,864,438 | — | (1,387,549) |
Total | — | (9,203,783) |
18 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 10-Year Note | (2,163) | 12/2023 | USD | (229,649,766) | 7,297,057 | — |
U.S. Treasury Ultra 10-Year Note | (694) | 12/2023 | USD | (75,526,719) | 2,443,750 | — |
U.S. Treasury Ultra Bond | (158) | 12/2023 | USD | (17,784,875) | 2,421,785 | — |
Total | 12,162,592 | — |
(a) | Non-income producing investment. |
(b) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At October 31, 2023, the total value of these securities amounted to $396,789,994, which represents 25.21% of total net assets. |
(c) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of October 31, 2023. |
(d) | Represents a security purchased on a when-issued basis. |
(e) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At October 31, 2023, the total value of these securities amounted to $9,525, which represents less than 0.01% of total net assets. |
(f) | Represents a security in default. |
(g) | Valuation based on significant unobservable inputs. |
(h) | Payment-in-kind security. Interest can be paid by issuing additional par of the security or in cash. |
(i) | Principal and interest may not be guaranteed by a governmental entity. |
(j) | The stated interest rate represents the weighted average interest rate at October 31, 2023 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. These base lending rates are primarily the LIBOR and other short-term rates. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan. |
(k) | Variable rate security. The interest rate shown was the current rate as of October 31, 2023. |
(l) | The rate shown is the seven-day current annualized yield at October 31, 2023. |
(m) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended October 31, 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, 5.630% | ||||||||
93,606,501 | 499,010,806 | (553,597,255) | 11,440 | 39,031,492 | (5,458) | 1,738,246 | 39,043,205 |
SOFR | Secured Overnight Financing Rate |
USD | US Dollar |
Columbia Corporate Income Fund | Semiannual Report 2023 | 19 |
October 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 | ||||
Financials | 100,736 | — | — | 100,736 |
Total Common Stocks | 100,736 | — | — | 100,736 |
Convertible Bonds | — | 241,388 | — | 241,388 |
Corporate Bonds & Notes | — | 1,473,271,109 | 9,525 | 1,473,280,634 |
Foreign Government Obligations | — | 816,900 | — | 816,900 |
Senior Loans | — | 2,957,801 | — | 2,957,801 |
U.S. Treasury Obligations | — | 36,550,022 | — | 36,550,022 |
Money Market Funds | 39,031,492 | — | — | 39,031,492 |
Total Investments in Securities | 39,132,228 | 1,513,837,220 | 9,525 | 1,552,978,973 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 12,162,592 | — | — | 12,162,592 |
Liability | ||||
Futures Contracts | (9,203,783) | — | — | (9,203,783) |
Total | 42,091,037 | 1,513,837,220 | 9,525 | 1,555,937,782 |
20 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,732,080,230) | $1,513,947,481 |
Affiliated issuers (cost $39,027,471) | 39,031,492 |
Cash | 14,393 |
Margin deposits on: | |
Futures contracts | 4,342,716 |
Receivable for: | |
Investments sold | 3,416,803 |
Capital shares sold | 7,173,801 |
Dividends | 291,986 |
Interest | 18,689,970 |
Foreign tax reclaims | 15,523 |
Variation margin for futures contracts | 254,354 |
Trustees’ fees | 180,262 |
Expense reimbursement due from Investment Manager | 4,033 |
Prepaid expenses | 13,148 |
Other assets | 8,396 |
Total assets | 1,587,384,358 |
Liabilities | |
Payable for: | |
Investments purchased | 25,203 |
Investments purchased on a delayed delivery basis | 5,242,649 |
Capital shares redeemed | 1,685,370 |
Distributions to shareholders | 6,116,678 |
Variation margin for futures contracts | 251,647 |
Management services fees | 21,130 |
Distribution and/or service fees | 728 |
Transfer agent fees | 153,982 |
Trustees’ fees | 213,501 |
Compensation of chief compliance officer | 154 |
Other expenses | 37,232 |
Total liabilities | 13,748,274 |
Net assets applicable to outstanding capital stock | $1,573,636,084 |
Represented by | |
Paid in capital | 1,941,951,356 |
Total distributable earnings (loss) | (368,315,272) |
Total - representing net assets applicable to outstanding capital stock | $1,573,636,084 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 21 |
October 31, 2023 (Unaudited)
Class A | |
Net assets | $90,383,130 |
Shares outstanding | 10,767,929 |
Net asset value per share | $8.39 |
Maximum sales charge | 4.75% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $8.81 |
Advisor Class | |
Net assets | $128,533,898 |
Shares outstanding | 15,336,107 |
Net asset value per share | $8.38 |
Class C | |
Net assets | $5,051,166 |
Shares outstanding | 601,937 |
Net asset value per share | $8.39 |
Institutional Class | |
Net assets | $589,829,686 |
Shares outstanding | 70,269,816 |
Net asset value per share | $8.39 |
Institutional 2 Class | |
Net assets | $67,445,621 |
Shares outstanding | 8,045,906 |
Net asset value per share | $8.38 |
Institutional 3 Class | |
Net assets | $692,392,583 |
Shares outstanding | 82,535,295 |
Net asset value per share | $8.39 |
22 | Columbia Corporate Income Fund | Semiannual Report 2023 |
Six Months Ended October 31, 2023 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $1,738,246 |
Interest | 37,748,960 |
Interfund lending | 420 |
Foreign taxes withheld | (91,340) |
Total income | 39,396,286 |
Expenses: | |
Management services fees | 4,008,179 |
Distribution and/or service fees | |
Class A | 118,067 |
Class C | 19,175 |
Transfer agent fees | |
Class A | 93,588 |
Advisor Class | 125,505 |
Class C | 4,740 |
Institutional Class | 595,028 |
Institutional 2 Class | 19,998 |
Institutional 3 Class | 20,342 |
Trustees’ fees | 20,256 |
Custodian fees | 7,649 |
Printing and postage fees | 49,195 |
Registration fees | 81,484 |
Accounting services fees | 15,512 |
Legal fees | 16,431 |
Compensation of chief compliance officer | 153 |
Other | 16,651 |
Total expenses | 5,211,953 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (659,308) |
Fees waived by transfer agent | |
Institutional 2 Class | (2,115) |
Institutional 3 Class | (20,342) |
Expense reduction | (765) |
Total net expenses | 4,529,423 |
Net investment income | 34,866,863 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (38,818,333) |
Investments — affiliated issuers | (5,458) |
Futures contracts | 2,694,816 |
Net realized loss | (36,128,975) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (85,648,623) |
Investments — affiliated issuers | 11,440 |
Futures contracts | 2,236,790 |
Net change in unrealized appreciation (depreciation) | (83,400,393) |
Net realized and unrealized loss | (119,529,368) |
Net decrease in net assets resulting from operations | $(84,662,505) |
Columbia Corporate Income Fund | Semiannual Report 2023 | 23 |
Six Months Ended October 31, 2023 (Unaudited) | Year Ended April 30, 2023 | |
Operations | ||
Net investment income | $34,866,863 | $54,327,403 |
Net realized loss | (36,128,975) | (95,510,857) |
Net change in unrealized appreciation (depreciation) | (83,400,393) | 63,655,411 |
Net increase (decrease) in net assets resulting from operations | (84,662,505) | 22,471,957 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (1,858,452) | (3,226,634) |
Advisor Class | (2,658,177) | (4,930,641) |
Class C | (81,495) | (80,248) |
Institutional Class | (12,571,566) | (15,586,268) |
Institutional 2 Class | (1,538,567) | (2,232,056) |
Institutional 3 Class | (15,924,622) | (28,891,488) |
Total distributions to shareholders | (34,632,879) | (54,947,335) |
Increase in net assets from capital stock activity | 65,441,486 | 61,746,003 |
Total increase (decrease) in net assets | (53,853,898) | 29,270,625 |
Net assets at beginning of period | 1,627,489,982 | 1,598,219,357 |
Net assets at end of period | $1,573,636,084 | $1,627,489,982 |
24 | Columbia Corporate Income Fund | Semiannual Report 2023 |
Six Months Ended | Year Ended | |||
October 31, 2023 (Unaudited) | April 30, 2023 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Shares sold | 1,346,705 | 11,863,679 | 1,145,923 | 10,257,140 |
Distributions reinvested | 200,049 | 1,750,706 | 341,069 | 3,036,558 |
Shares redeemed | (1,072,995) | (9,423,949) | (2,893,914) | (25,940,328) |
Net increase (decrease) | 473,759 | 4,190,436 | (1,406,922) | (12,646,630) |
Advisor Class | ||||
Shares sold | 3,304,180 | 29,075,284 | 2,491,183 | 22,372,358 |
Distributions reinvested | 228,487 | 1,994,395 | 372,622 | 3,316,303 |
Shares redeemed | (1,026,925) | (8,996,010) | (10,773,206) | (94,579,339) |
Net increase (decrease) | 2,505,742 | 22,073,669 | (7,909,401) | (68,890,678) |
Class C | ||||
Shares sold | 301,236 | 2,672,628 | 238,787 | 2,117,148 |
Distributions reinvested | 9,122 | 79,673 | 8,647 | 76,996 |
Shares redeemed | (126,915) | (1,115,985) | (111,909) | (994,134) |
Net increase | 183,443 | 1,636,316 | 135,525 | 1,200,010 |
Institutional Class | ||||
Shares sold | 13,687,427 | 120,039,816 | 33,329,267 | 299,094,986 |
Distributions reinvested | 1,302,019 | 11,390,024 | 1,502,621 | 13,398,413 |
Shares redeemed | (8,502,773) | (74,305,040) | (12,341,543) | (110,298,480) |
Net increase | 6,486,673 | 57,124,800 | 22,490,345 | 202,194,919 |
Institutional 2 Class | ||||
Shares sold | 707,018 | 6,174,355 | 5,052,342 | 43,885,536 |
Distributions reinvested | 175,914 | 1,537,996 | 251,152 | 2,230,890 |
Shares redeemed | (890,896) | (7,782,989) | (2,801,937) | (25,252,147) |
Net increase (decrease) | (7,964) | (70,638) | 2,501,557 | 20,864,279 |
Institutional 3 Class | ||||
Shares sold | 12,334,717 | 106,008,679 | 18,212,248 | 163,568,303 |
Distributions reinvested | 1,658,784 | 14,519,078 | 2,969,420 | 26,431,298 |
Shares redeemed | (16,034,742) | (140,040,854) | (30,449,107) | (270,975,498) |
Net decrease | (2,041,241) | (19,513,097) | (9,267,439) | (80,975,897) |
Total net increase | 7,600,412 | 65,441,486 | 6,543,665 | 61,746,003 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 25 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $9.05 | 0.18 | (0.66) | (0.48) | (0.18) | — | (0.18) |
Year Ended 4/30/2023 | $9.22 | 0.29 | (0.16) | 0.13 | (0.30) | — | (0.30) |
Year Ended 4/30/2022 | $10.77 | 0.21 | (1.32) | (1.11) | (0.22) | (0.22) | (0.44) |
Year Ended 4/30/2021 | $10.87 | 0.23 | 0.38 | 0.61 | (0.24) | (0.47) | (0.71) |
Year Ended 4/30/2020 | $10.15 | 0.29 | 0.72 | 1.01 | (0.29) | — | (0.29) |
Year Ended 4/30/2019 | $9.88 | 0.30 | 0.27 | 0.57 | (0.30) | — | (0.30) |
Advisor Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $9.03 | 0.19 | (0.65) | (0.46) | (0.19) | — | (0.19) |
Year Ended 4/30/2023 | $9.21 | 0.31 | (0.17) | 0.14 | (0.32) | — | (0.32) |
Year Ended 4/30/2022 | $10.76 | 0.25 | (1.34) | (1.09) | (0.24) | (0.22) | (0.46) |
Year Ended 4/30/2021 | $10.85 | 0.27 | 0.37 | 0.64 | (0.26) | (0.47) | (0.73) |
Year Ended 4/30/2020 | $10.14 | 0.32 | 0.71 | 1.03 | (0.32) | — | (0.32) |
Year Ended 4/30/2019 | $9.87 | 0.33 | 0.27 | 0.60 | (0.33) | — | (0.33) |
Class C | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $9.05 | 0.15 | (0.66) | (0.51) | (0.15) | — | (0.15) |
Year Ended 4/30/2023 | $9.22 | 0.25 | (0.17) | 0.08 | (0.25) | — | (0.25) |
Year Ended 4/30/2022 | $10.77 | 0.15 | (1.32) | (1.17) | (0.16) | (0.22) | (0.38) |
Year Ended 4/30/2021 | $10.86 | 0.17 | 0.38 | 0.55 | (0.17) | (0.47) | (0.64) |
Year Ended 4/30/2020 | $10.15 | 0.23 | 0.71 | 0.94 | (0.23) | — | (0.23) |
Year Ended 4/30/2019 | $9.88 | 0.24 | 0.27 | 0.51 | (0.24) | — | (0.24) |
Institutional Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $9.05 | 0.19 | (0.66) | (0.47) | (0.19) | — | (0.19) |
Year Ended 4/30/2023 | $9.22 | 0.32 | (0.17) | 0.15 | (0.32) | — | (0.32) |
Year Ended 4/30/2022 | $10.77 | 0.24 | (1.33) | (1.09) | (0.24) | (0.22) | (0.46) |
Year Ended 4/30/2021 | $10.87 | 0.26 | 0.37 | 0.63 | (0.26) | (0.47) | (0.73) |
Year Ended 4/30/2020 | $10.15 | 0.32 | 0.72 | 1.04 | (0.32) | — | (0.32) |
Year Ended 4/30/2019 | $9.88 | 0.33 | 0.27 | 0.60 | (0.33) | — | (0.33) |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $9.04 | 0.19 | (0.66) | (0.47) | (0.19) | — | (0.19) |
Year Ended 4/30/2023 | $9.21 | 0.33 | (0.17) | 0.16 | (0.33) | — | (0.33) |
Year Ended 4/30/2022 | $10.76 | 0.25 | (1.32) | (1.07) | (0.26) | (0.22) | (0.48) |
Year Ended 4/30/2021 | $10.85 | 0.27 | 0.38 | 0.65 | (0.27) | (0.47) | (0.74) |
Year Ended 4/30/2020 | $10.14 | 0.33 | 0.71 | 1.04 | (0.33) | — | (0.33) |
Year Ended 4/30/2019 | $9.87 | 0.35 | 0.26 | 0.61 | (0.34) | — | (0.34) |
26 | Columbia Corporate Income 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 10/31/2023 (Unaudited) | $8.39 | (5.41%) | 0.97% | 0.87%(c) | 3.97% | 57% | $90,383 |
Year Ended 4/30/2023 | $9.05 | 1.51% | 0.94% | 0.87%(c) | 3.31% | 79% | $93,141 |
Year Ended 4/30/2022 | $9.22 | (10.79%) | 0.92% | 0.87%(c) | 2.03% | 80% | $107,905 |
Year Ended 4/30/2021 | $10.77 | 5.47% | 0.93% | 0.88%(c) | 2.10% | 74% | $88,537 |
Year Ended 4/30/2020 | $10.87 | 10.10% | 0.95% | 0.91%(c) | 2.77% | 91% | $68,880 |
Year Ended 4/30/2019 | $10.15 | 5.93% | 0.93% | 0.91%(c) | 3.07% | 65% | $60,085 |
Advisor Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $8.38 | (5.20%) | 0.72% | 0.62%(c) | 4.23% | 57% | $128,534 |
Year Ended 4/30/2023 | $9.03 | 1.65% | 0.69% | 0.62%(c) | 3.51% | 79% | $115,911 |
Year Ended 4/30/2022 | $9.21 | (10.58%) | 0.67% | 0.62%(c) | 2.54% | 80% | $190,943 |
Year Ended 4/30/2021 | $10.76 | 5.83% | 0.68% | 0.63%(c) | 2.38% | 74% | $10,624 |
Year Ended 4/30/2020 | $10.85 | 10.28% | 0.70% | 0.66%(c) | 3.02% | 91% | $18,086 |
Year Ended 4/30/2019 | $10.14 | 6.20% | 0.68% | 0.66%(c) | 3.32% | 65% | $8,289 |
Class C | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $8.39 | (5.68%) | 1.52% | 1.42%(c) | 3.42% | 57% | $5,051 |
Year Ended 4/30/2023 | $9.05 | 0.95% | 1.50% | 1.42%(c) | 2.82% | 79% | $3,785 |
Year Ended 4/30/2022 | $9.22 | (11.28%) | 1.54% | 1.42%(c) | 1.41% | 80% | $2,609 |
Year Ended 4/30/2021 | $10.77 | 4.96% | 1.68% | 1.45%(c) | 1.53% | 74% | $4,450 |
Year Ended 4/30/2020 | $10.86 | 9.35% | 1.70% | 1.51%(c) | 2.17% | 91% | $5,646 |
Year Ended 4/30/2019 | $10.15 | 5.29% | 1.68% | 1.51%(c) | 2.45% | 65% | $5,045 |
Institutional Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $8.39 | (5.29%) | 0.72% | 0.62%(c) | 4.23% | 57% | $589,830 |
Year Ended 4/30/2023 | $9.05 | 1.76% | 0.70% | 0.62%(c) | 3.62% | 79% | $577,092 |
Year Ended 4/30/2022 | $9.22 | (10.57%) | 0.67% | 0.62%(c) | 2.24% | 80% | $380,743 |
Year Ended 4/30/2021 | $10.77 | 5.73% | 0.68% | 0.63%(c) | 2.36% | 74% | $431,331 |
Year Ended 4/30/2020 | $10.87 | 10.37% | 0.70% | 0.66%(c) | 3.02% | 91% | $364,875 |
Year Ended 4/30/2019 | $10.15 | 6.19% | 0.68% | 0.66%(c) | 3.31% | 65% | $579,312 |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $8.38 | (5.25%) | 0.57% | 0.50% | 4.33% | 57% | $67,446 |
Year Ended 4/30/2023 | $9.04 | 1.86% | 0.57% | 0.52% | 3.74% | 79% | $72,771 |
Year Ended 4/30/2022 | $9.21 | (10.49%) | 0.56% | 0.52% | 2.34% | 80% | $51,119 |
Year Ended 4/30/2021 | $10.76 | 5.94% | 0.58% | 0.53% | 2.45% | 74% | $49,251 |
Year Ended 4/30/2020 | $10.85 | 10.39% | 0.58% | 0.56% | 3.13% | 91% | $6,267 |
Year Ended 4/30/2019 | $10.14 | 6.29% | 0.59% | 0.58% | 3.52% | 65% | $8,052 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 27 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 10/31/2023 (Unaudited) | $9.04 | 0.20 | (0.66) | (0.46) | (0.19) | — | (0.19) |
Year Ended 4/30/2023 | $9.22 | 0.33 | (0.18) | 0.15 | (0.33) | — | (0.33) |
Year Ended 4/30/2022 | $10.77 | 0.25 | (1.32) | (1.07) | (0.26) | (0.22) | (0.48) |
Year Ended 4/30/2021 | $10.86 | 0.28 | 0.38 | 0.66 | (0.28) | (0.47) | (0.75) |
Year Ended 4/30/2020 | $10.15 | 0.33 | 0.72 | 1.05 | (0.34) | — | (0.34) |
Year Ended 4/30/2019 | $9.88 | 0.34 | 0.27 | 0.61 | (0.34) | — | (0.34) |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
28 | Columbia Corporate Income 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 10/31/2023 (Unaudited) | $8.39 | (5.11%) | 0.52% | 0.45% | 4.38% | 57% | $692,393 |
Year Ended 4/30/2023 | $9.04 | 1.80% | 0.52% | 0.47% | 3.71% | 79% | $764,790 |
Year Ended 4/30/2022 | $9.22 | (10.43%) | 0.51% | 0.47% | 2.39% | 80% | $864,900 |
Year Ended 4/30/2021 | $10.77 | 5.99% | 0.52% | 0.47% | 2.49% | 74% | $875,524 |
Year Ended 4/30/2020 | $10.86 | 10.44% | 0.53% | 0.50% | 3.17% | 91% | $556,117 |
Year Ended 4/30/2019 | $10.15 | 6.34% | 0.53% | 0.52% | 3.44% | 65% | $442,521 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 29 |
October 31, 2023 (Unaudited)
30 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Corporate Income Fund | Semiannual Report 2023 | 31 |
October 31, 2023 (Unaudited)
32 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 12,162,592* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 9,203,783* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | 2,694,816 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | 2,236,790 |
Derivative instrument | Average notional amounts ($) |
Futures contracts — long | 369,631,194 |
Futures contracts — short | 315,916,130 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 33 |
October 31, 2023 (Unaudited)
34 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Corporate Income Fund | Semiannual Report 2023 | 35 |
October 31, 2023 (Unaudited)
36 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Effective rate (%) | |
Class A | 0.20 |
Advisor Class | 0.20 |
Class C | 0.20 |
Institutional Class | 0.20 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 4.75 | 0.50 - 1.00(a) | 44,839 |
Class C | — | 1.00(b) | — |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Columbia Corporate Income Fund | Semiannual Report 2023 | 37 |
October 31, 2023 (Unaudited)
September 1, 2023 through August 31, 2024 | Prior to September 1, 2023 | |
Class A | 0.87% | 0.87% |
Advisor Class | 0.62 | 0.62 |
Class C | 1.42 | 1.42 |
Institutional Class | 0.62 | 0.62 |
Institutional 2 Class | 0.47 | 0.52 |
Institutional 3 Class | 0.42 | 0.47 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
1,771,108,000 | 12,560,000 | (227,730,000) | (215,170,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(44,928,785) | (62,836,395) | (107,765,180) |
38 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 450,000 | 5.60 | 6 |
Columbia Corporate Income Fund | Semiannual Report 2023 | 39 |
October 31, 2023 (Unaudited)
40 | Columbia Corporate Income Fund | Semiannual Report 2023 |
October 31, 2023 (Unaudited)
Columbia Corporate Income Fund | Semiannual Report 2023 | 41 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to one or more benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
42 | Columbia Corporate Income Fund | Semiannual Report 2023 |
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
Columbia Corporate Income Fund | Semiannual Report 2023 | 43 |
(Unaudited)
The Board considered the reports of JDL, which assisted in the Board’s analysis of the Funds’ performance and expenses and the reasonableness of the Funds’ fee rates. The Board accorded particular weight to the notion that a primary objective of the level of fees is to achieve a rational pricing model applied consistently across the various product lines in the Fund family, while assuring that the overall fees for each Fund (with certain exceptions) are generally in line with the current “pricing philosophy” such that Fund total expense ratios, in general, approximate or are lower than the median expense ratios of funds in the same Lipper comparison universe. The Board took into account that the Fund’s total expense ratio (after considering proposed expense caps/waivers) approximated the peer universe’s median expense ratio.
44 | Columbia Corporate Income Fund | Semiannual Report 2023 |
![](https://capedge.com/proxy/N-CSRS/0001683863-23-008708/imgbfc7a7cd2.jpg)
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
Item 2. Code of Ethics.
Not applicable for semiannual reports.
Item 3. Audit Committee Financial Expert.
Not applicable for semiannual reports.
Item 4. Principal Accountant Fees and Services.
Not applicable for semiannual reports.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments
(a) | The registrant’s “Schedule I – Investments in securities of unaffiliated issuers” (as set forth in 17 CFR 210.12-12) is included in Item 1 of this Form N-CSR. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of directors.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive officer and principal financial officer, based on their evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form N-CSR is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. |
(b) | There was no change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 13. Exhibits.
(a)(1) Code of ethics required to be disclosed under Item 2 of Form N-CSR: Not applicable for semiannual reports.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(registrant) | Columbia Funds Series Trust I |
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By (Signature and Title) | /s/ Daniel J. Beckman |
| Daniel J. Beckman, President and Principal Executive Officer |
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Date | December 20, 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 | December 20, 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 | December 20, 2023 |
By (Signature and Title) | /s/ Joseph Beranek |
| Joseph Beranek, Treasurer, Chief Accounting |
| Officer and Principal Financial Officer |
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Date | December 20, 2023 |