UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number811-09645
Columbia Funds Series Trust
(Exact name of registrant as specified in charter)
225 Franklin Street
Boston, Massachusetts 02110
(Address of principal executive offices) (Zip code)
Christopher O. Petersen, Esq.
c/o Columbia Management Investment Advisers, LLC
225 Franklin Street
Boston, Massachusetts 02110
Ryan C. Larrenaga, Esq.
c/o Columbia Management Investment Advisers, LLC
225 Franklin Street
Boston, MA 02110
(Name and address of agent for service)
Registrant's telephone number, including area code: (800) 345-6611
Date of fiscal year end: February 29
Date of reporting period: August 31, 2020
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.
August 31, 2020
(Unaudited)
Average annual total returns (%) (for the period ended August 31, 2020) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 09/25/87 | 26.87 | 35.55 | 14.24 | 12.43 |
Including sales charges | 19.56 | 27.75 | 12.90 | 11.77 | ||
Advisor Class* | 11/08/12 | 27.01 | 35.90 | 14.53 | 12.66 | |
Class C | Excluding sales charges | 10/21/96 | 26.40 | 34.58 | 13.39 | 11.59 |
Including sales charges | 25.40 | 33.58 | 13.39 | 11.59 | ||
Institutional Class | 05/21/99 | 27.09 | 35.94 | 14.54 | 12.71 | |
Institutional 2 Class* | 11/08/12 | 27.09 | 35.97 | 14.63 | 12.73 | |
Institutional 3 Class* | 10/01/14 | 27.11 | 36.07 | 14.67 | 12.68 | |
Class R* | 11/16/11 | 26.77 | 35.29 | 13.97 | 12.13 | |
ICE BofA All Convertibles All Qualities Index | 24.99 | 33.71 | 13.52 | 12.23 |
* | 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 Convertible Securities Fund | Semiannual Report 2020 | 3 |
(Unaudited)
Portfolio breakdown (%) (at August 31, 2020) | |
Common Stocks | 2.4 |
Convertible Bonds | 80.9 |
Convertible Preferred Stocks | 15.7 |
Money Market Funds | 0.3 |
Preferred Stocks | 0.7 |
Total | 100.0 |
4 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
(Unaudited)
March 1, 2020 — August 31, 2020 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,268.70 | 1,019.62 | 6.50 | 5.78 | 1.13 |
Advisor Class | 1,000.00 | 1,000.00 | 1,270.10 | 1,020.88 | 5.06 | 4.51 | 0.88 |
Class C | 1,000.00 | 1,000.00 | 1,264.00 | 1,015.86 | 10.73 | 9.55 | 1.87 |
Institutional Class | 1,000.00 | 1,000.00 | 1,270.90 | 1,020.88 | 5.06 | 4.51 | 0.88 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,270.90 | 1,021.24 | 4.66 | 4.15 | 0.81 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,271.10 | 1,021.44 | 4.43 | 3.94 | 0.77 |
Class R | 1,000.00 | 1,000.00 | 1,267.70 | 1,018.35 | 7.93 | 7.06 | 1.38 |
Columbia Convertible Securities Fund | Semiannual Report 2020 | 5 |
August 31, 2020 (Unaudited)
Common Stocks 2.4% | ||
Issuer | Shares | Value ($) |
Energy 0.1% | ||
Oil, Gas & Consumable Fuels 0.1% | ||
Ascent Resources, Class B(a),(b),(c) | 10,248,729 | 2,295,715 |
Total Energy | 2,295,715 | |
Health Care 0.2% | ||
Pharmaceuticals 0.2% | ||
Amryt Pharma PLC, ADR(b) | 274,086 | 3,017,687 |
Total Health Care | 3,017,687 | |
Information Technology 2.1% | ||
Electronic Equipment, Instruments & Components 0.4% | ||
Vishay Intertechnology, Inc. | 550,000 | 8,794,500 |
Semiconductors & Semiconductor Equipment 1.7% | ||
Broadcom, Inc. | 95,000 | 32,979,250 |
Total Information Technology | 41,773,750 | |
Total Common Stocks (Cost $35,769,934) | 47,087,152 |
Convertible Bonds(d) 80.4% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Airlines 2.1% | ||||
Air Canada(e) | ||||
07/01/2025 | 4.000% | 11,500,000 | 14,013,900 | |
Southwest Airlines Co. | ||||
05/01/2025 | 1.250% | 20,500,000 | 27,209,978 | |
Total | 41,223,878 | |||
Automotive 8.1% | ||||
Tesla, Inc. | ||||
05/15/2024 | 2.000% | 20,000,000 | 160,376,000 | |
Cable and Satellite 3.2% | ||||
DISH Network Corp. | ||||
08/15/2026 | 3.375% | 33,500,000 | 33,040,179 | |
Liberty Broadband Corp.(e) | ||||
09/30/2050 | 2.750% | 29,000,000 | 30,829,232 | |
Total | 63,869,411 | |||
Consumer Cyclical Services 3.9% | ||||
Etsy, Inc.(e) | ||||
10/01/2026 | 0.125% | 10,000,000 | 15,262,997 |
Convertible Bonds(d) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Farfetch Ltd.(e) | ||||
05/01/2027 | 3.750% | 5,000,000 | 9,812,713 | |
Lyft, Inc.(e) | ||||
05/15/2025 | 1.500% | 14,000,000 | 15,143,069 | |
Zillow Group, Inc. | ||||
05/15/2025 | 2.750% | 24,500,000 | 37,668,750 | |
Total | 77,887,529 | |||
Consumer Products 0.9% | ||||
Callaway Golf Co.(e) | ||||
05/01/2026 | 2.750% | 7,000,000 | 10,033,296 | |
Winnebago Industries, Inc.(e) | ||||
04/01/2025 | 1.500% | 7,000,000 | 7,660,144 | |
Total | 17,693,440 | |||
Finance Companies 0.6% | ||||
LendingTree, Inc.(e) | ||||
07/15/2025 | 0.500% | 12,500,000 | 12,226,563 | |
Food and Beverage 0.4% | ||||
Chefs’ Warehouse, Inc. (The)(e) | ||||
12/01/2024 | 1.875% | 12,000,000 | 8,872,650 | |
Health Care 7.3% | ||||
CONMED Corp. | ||||
02/01/2024 | 2.625% | 10,000,000 | 11,679,966 | |
DexCom, Inc. | ||||
12/01/2023 | 0.750% | 9,000,000 | 23,454,340 | |
Exact Sciences Corp. | ||||
03/01/2028 | 0.375% | 30,000,000 | 27,640,483 | |
Insulet Corp.(e) | ||||
09/01/2026 | 0.375% | 13,000,000 | 15,753,385 | |
Invacare Corp. | ||||
11/15/2024 | 5.000% | 5,600,000 | 4,649,793 | |
Livongo Health, Inc.(e) | ||||
06/01/2025 | 0.875% | 5,000,000 | 9,602,248 | |
Novavax, Inc. | ||||
02/01/2023 | 3.750% | 5,800,000 | 6,848,292 | |
Repligen Corp. | ||||
07/15/2024 | 0.375% | 6,500,000 | 9,632,116 | |
Tandem Diabetes Care, Inc.(e) | ||||
05/01/2025 | 1.500% | 7,500,000 | 9,714,083 | |
Teladoc Health, Inc.(e) | ||||
06/01/2027 | 1.250% | 20,000,000 | 25,107,261 | |
Total | 144,081,967 |
6 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Convertible Bonds(d) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Home Construction 1.0% | ||||
KBR, Inc. | ||||
11/01/2023 | 2.500% | 8,000,000 | 9,587,312 | |
SunPower Corp. | ||||
01/15/2023 | 4.000% | 10,530,000 | 9,520,941 | |
Total | 19,108,253 | |||
Independent Energy 1.0% | ||||
Chesapeake Energy Corp.(f) | ||||
09/15/2026 | 0.000% | 10,200,000 | 420,750 | |
EQT CORP(e) | ||||
05/01/2026 | 1.750% | 8,500,000 | 10,875,130 | |
Pioneer Natural Resources Co.(e) | ||||
05/15/2025 | 0.250% | 7,500,000 | 9,156,075 | |
Total | 20,451,955 | |||
Leisure 3.0% | ||||
NCL Corp., Ltd.(e) | ||||
08/01/2025 | 5.375% | 24,000,000 | 27,635,533 | |
Royal Caribbean Cruises Ltd(e) | ||||
06/15/2023 | 4.250% | 27,000,000 | 32,785,277 | |
Total | 60,420,810 | |||
Life Insurance 0.7% | ||||
AXA SA(e) | ||||
05/15/2021 | 7.250% | 14,000,000 | 13,886,110 | |
Media and Entertainment 2.3% | ||||
Liberty Media Corp.(e) | ||||
12/01/2049 | 2.750% | 11,000,000 | 10,848,108 | |
Sea Ltd.(e) | ||||
12/01/2025 | 2.375% | 6,000,000 | 11,159,921 | |
Snap, Inc. | ||||
08/01/2026 | 0.750% | 18,000,000 | 22,781,250 | |
Total | 44,789,279 | |||
Metals and Mining 0.9% | ||||
Allegheny Technologies, Inc.(e) | ||||
06/15/2025 | 3.500% | 9,000,000 | 8,451,891 | |
Livent Corp.(e) | ||||
07/15/2025 | 4.125% | 8,500,000 | 10,274,375 | |
Total | 18,726,266 | |||
Oil Field Services 0.2% | ||||
Nabors Industries Ltd. | ||||
01/15/2024 | 0.750% | 14,000,000 | 3,357,238 |
Convertible Bonds(d) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Other Industry 1.2% | ||||
Chegg, Inc. | ||||
03/15/2025 | 0.125% | 9,000,000 | 13,825,141 | |
Green Plains, Inc. | ||||
09/01/2022 | 4.125% | 11,000,000 | 10,121,097 | |
Total | 23,946,238 | |||
Other REIT 0.8% | ||||
Arbor Realty Trust, Inc.(e) | ||||
11/01/2022 | 4.750% | 7,000,000 | 6,654,375 | |
Blackstone Mortgage Trust, Inc. | ||||
05/05/2022 | 4.375% | 9,500,000 | 9,120,000 | |
Total | 15,774,375 | |||
Pharmaceuticals 5.8% | ||||
Acorda Therapeutics, Inc. | ||||
06/15/2021 | 1.750% | 3,500,000 | 3,018,253 | |
Aegerion Pharmaceuticals, Inc.(e) | ||||
04/01/2025 | 5.000% | 1,505,313 | 1,599,395 | |
Aerie Pharmaceuticals, Inc.(e) | ||||
10/01/2024 | 1.500% | 14,000,000 | 11,016,250 | |
AMAG Pharmaceuticals, Inc. | ||||
06/01/2022 | 3.250% | 8,000,000 | 6,960,000 | |
Apellis Pharmaceuticals, Inc.(e) | ||||
09/15/2026 | 3.500% | 8,000,000 | 8,682,112 | |
Canopy Growth Corp.(e) | ||||
07/15/2023 | 4.250% | CAD | 13,000,000 | 8,571,319 |
Clovis Oncology, Inc. | ||||
05/01/2025 | 1.250% | 21,000,000 | 13,289,292 | |
Coherus Biosciences, Inc.(e) | ||||
04/15/2026 | 1.500% | 8,000,000 | 9,522,921 | |
Halozyme Therapeutics, Inc.(e) | ||||
12/01/2024 | 1.250% | 6,500,000 | 8,924,169 | |
Illumina, Inc. | ||||
06/15/2021 | 0.500% | 6,000,000 | 8,636,250 | |
Insmed, Inc. | ||||
01/15/2025 | 1.750% | 13,500,000 | 13,620,716 | |
Radius Health, Inc. | ||||
09/01/2024 | 3.000% | 12,000,000 | 9,771,000 | |
Sarepta Therapeutics, Inc. | ||||
11/15/2024 | 1.500% | 5,000,000 | 10,679,964 | |
Total | 114,291,641 | |||
Retailers 5.5% | ||||
American Eagle Outfitters, Inc.(e) | ||||
04/15/2025 | 3.750% | 6,500,000 | 10,546,785 |
Columbia Convertible Securities Fund | Semiannual Report 2020 | 7 |
August 31, 2020 (Unaudited)
Convertible Bonds(d) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Burlington Stores, Inc.(e) | ||||
04/15/2025 | 2.250% | 12,000,000 | 13,927,027 | |
Dick’s Sporting Goods, Inc.(e) | ||||
04/15/2025 | 3.250% | 6,000,000 | 10,390,973 | |
Guess?, Inc. | ||||
04/15/2024 | 2.000% | 12,000,000 | 8,985,444 | |
RH(e),(g) | ||||
09/15/2024 | 0.000% | 7,000,000 | 11,554,753 | |
Under Armour, Inc.(e) | ||||
06/01/2024 | 1.500% | 9,000,000 | 10,485,514 | |
Wayfair, Inc.(e) | ||||
10/01/2025 | 0.625% | 25,000,000 | 25,658,095 | |
Wayfair, Inc. | ||||
08/15/2026 | 1.000% | 8,000,000 | 16,640,000 | |
Total | 108,188,591 | |||
Technology 28.5% | ||||
2U, Inc.(e) | ||||
05/01/2025 | 2.250% | 5,500,000 | 9,044,587 | |
Akamai Technologies, Inc.(e) | ||||
09/01/2027 | 0.375% | 21,000,000 | 24,845,535 | |
Alteryx, Inc. | ||||
08/01/2024 | 0.500% | 14,000,000 | 14,180,753 | |
Atlassian, Inc. | ||||
05/01/2023 | 0.625% | 6,500,000 | 15,405,000 | |
Avaya Holdings Corp. | ||||
06/15/2023 | 2.250% | 10,000,000 | 9,205,760 | |
Coupa Software, Inc.(e) | ||||
06/15/2026 | 0.375% | 34,000,000 | 44,482,349 | |
Datadog, Inc.(e) | ||||
06/15/2025 | 0.125% | 8,000,000 | 9,533,939 | |
DocuSign, Inc. | ||||
09/15/2023 | 0.500% | 5,000,000 | 15,575,414 | |
Envestnet, Inc.(e) | ||||
08/15/2025 | 0.750% | 9,500,000 | 9,930,317 | |
Everbridge, Inc.(e) | ||||
12/15/2024 | 0.125% | 10,000,000 | 14,684,778 | |
IAC Financeco 2, Inc.(e) | ||||
06/15/2026 | 0.875% | 18,000,000 | 26,035,241 | |
Inphi Corp.(e) | ||||
04/15/2025 | 0.750% | 7,000,000 | 8,508,700 | |
Lumentum Holdings, Inc. | ||||
03/15/2024 | 0.250% | 7,000,000 | 10,804,780 | |
Microchip Technology, Inc. | ||||
02/15/2027 | 1.625% | 10,000,000 | 15,915,359 | |
Junior Subordinated | ||||
02/15/2037 | 2.250% | 21,000,000 | 32,649,079 |
Convertible Bonds(d) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
MongoDB, Inc.(e) | ||||
01/15/2026 | 0.250% | 13,500,000 | 17,735,625 | |
Okta, Inc.(e) | ||||
06/15/2026 | 0.375% | 24,000,000 | 27,602,355 | |
ON Semiconductor Corp. | ||||
12/01/2020 | 1.000% | 7,000,000 | 8,330,748 | |
Palo Alto Networks, Inc.(e) | ||||
06/01/2025 | 0.375% | 30,000,000 | 32,693,073 | |
Parsons Corp.(e) | ||||
08/15/2025 | 0.250% | 9,000,000 | 9,018,612 | |
RealPage, Inc. | ||||
05/15/2025 | 1.500% | 12,000,000 | 12,922,500 | |
Sabre GLBL, Inc.(e) | ||||
04/15/2025 | 4.000% | 6,500,000 | 7,897,636 | |
Sailpoint Technologies Holdings, Inc.(e) | ||||
09/15/2024 | 0.125% | 7,500,000 | 11,370,292 | |
ServiceNow, Inc.(g) | ||||
06/01/2022 | 0.000% | 4,500,000 | 16,076,864 | |
Silicon Laboratories, Inc.(e) | ||||
06/15/2025 | 0.625% | 12,000,000 | 13,243,515 | |
SMART Global Holdings, Inc.(e) | ||||
02/15/2026 | 2.250% | 10,000,000 | 8,919,000 | |
Splunk, Inc.(e) | ||||
06/15/2027 | 1.125% | 32,000,000 | 37,391,737 | |
Square, Inc.(e) | ||||
03/01/2025 | 0.125% | 36,000,000 | 54,663,360 | |
Tabula Rasa HealthCare, Inc.(e) | ||||
02/15/2026 | 1.750% | 10,500,000 | 10,530,405 | |
Teradyne, Inc. | ||||
12/15/2023 | 1.250% | 4,000,000 | 10,882,500 | |
Tricida, Inc.(e) | ||||
05/15/2027 | 3.500% | 7,000,000 | 4,498,902 | |
Twilio, Inc. | ||||
06/01/2023 | 0.250% | 5,500,000 | 20,937,566 | |
Total | 565,516,281 | |||
Wireless 0.3% | ||||
Gogo, Inc. | ||||
05/15/2022 | 6.000% | 5,300,000 | 5,569,583 | |
Wirelines 2.7% | ||||
GCI Liberty, Inc.(e) | ||||
09/30/2046 | 1.750% | 5,500,000 | 9,201,500 | |
RingCentral, Inc.(e),(g) | ||||
03/01/2025 | 0.000% | 30,000,000 | 33,115,560 |
8 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Convertible Bonds(d) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Vonage Holdings Corp. | ||||
06/01/2024 | 1.750% | 11,000,000 | 11,229,457 | |
Total | 53,546,517 | |||
Total Convertible Bonds (Cost $1,229,276,222) | 1,593,804,575 |
Convertible Preferred Stocks 15.6% | |||
Issuer | Shares | Value ($) | |
Communication Services 1.1% | |||
Diversified Telecommunication Services 1.1% | |||
2020 Cash Mandatory Exchangeable Trust(e) | 5.250% | 20,000 | 21,911,400 |
Total Communication Services | 21,911,400 | ||
Consumer Discretionary 1.1% | |||
Auto Components 0.5% | |||
Aptiv PLC | 5.500% | 90,000 | 9,964,980 |
Internet & Direct Marketing Retail 0.6% | |||
2020 Mandatory Exchangeable Trust(e) | 6.500% | 7,500 | 10,905,762 |
Total Consumer Discretionary | 20,870,742 | ||
Consumer Staples 0.5% | |||
Household Products 0.5% | |||
Energizer Holdings, Inc. | 7.500% | 100,000 | 9,769,899 |
Total Consumer Staples | 9,769,899 | ||
Financials 1.8% | |||
Capital Markets 1.3% | |||
Cowen, Inc. | 5.625% | 6,200 | 5,387,493 |
KKR & Co., Inc. | 6.000% | 375,000 | 20,250,000 |
Total | 25,637,493 | ||
Insurance 0.5% | |||
Assurant, Inc. | 6.500% | 82,500 | 9,768,825 |
Total Financials | 35,406,318 | ||
Health Care 4.6% | |||
Health Care Equipment & Supplies 3.4% | |||
Becton Dickinson and Co. | 6.000% | 330,000 | 17,691,300 |
Boston Scientific Corp. | 5.500% | 125,000 | 14,605,500 |
Danaher Corp. | 5.000% | 28,000 | 34,506,080 |
Total | 66,802,880 |
Convertible Preferred Stocks (continued) | |||
Issuer | Shares | Value ($) | |
Health Care Technology 0.5% | |||
Change Healthcare, Inc. | 6.000% | 185,000 | 9,703,250 |
Life Sciences Tools & Services 0.7% | |||
Avantor, Inc. | 6.250% | 210,000 | 15,273,300 |
Total Health Care | 91,779,430 | ||
Industrials 0.7% | |||
Machinery 0.7% | |||
Stanley Black & Decker, Inc. | 5.250% | 145,000 | 14,651,670 |
Total Industrials | 14,651,670 | ||
Information Technology 0.4% | |||
Electronic Equipment, Instruments & Components 0.4% | |||
II-VI, Inc. | 6.000% | 40,000 | 8,299,760 |
Total Information Technology | 8,299,760 | ||
Materials 0.7% | |||
Chemicals 0.7% | |||
International Flavors & Fragrances, Inc. | 6.000% | 300,000 | 13,680,000 |
Total Materials | 13,680,000 | ||
Real Estate 0.5% | |||
Equity Real Estate Investment Trusts (REITS) 0.5% | |||
QTS Realty Trust, Inc. | 6.500% | 68,000 | 10,331,937 |
Total Real Estate | 10,331,937 | ||
Utilities 4.2% | |||
Electric Utilities 2.1% | |||
NextEra Energy, Inc. | 5.279% | 675,000 | 32,285,250 |
PG&E Corp. | 5.500% | 100,000 | 9,728,000 |
Total | 42,013,250 | ||
Multi-Utilities 1.5% | |||
DTE Energy Co. | 6.250% | 625,000 | 28,841,250 |
Water Utilities 0.6% | |||
Essential Utilities, Inc. | 6.000% | 230,000 | 12,924,436 |
Total Utilities | 83,778,936 | ||
Total Convertible Preferred Stocks (Cost $285,852,135) | 310,480,092 | ||
Columbia Convertible Securities Fund | Semiannual Report 2020 | 9 |
August 31, 2020 (Unaudited)
Preferred Stocks 0.7% | |||
Issuer | Shares | Value ($) | |
Utilities 0.7% | |||
Electric Utilities 0.7% | |||
American Electric Power Co., Inc. | 6.125% | 280,000 | 13,577,200 |
Total Utilities | 13,577,200 | ||
Total Preferred Stocks (Cost $14,060,000) | 13,577,200 |
Money Market Funds 0.3% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.149%(h),(i) | 5,806,489 | 5,806,489 |
Total Money Market Funds (Cost $5,806,477) | 5,806,489 | |
Total Investments in Securities (Cost: $1,570,764,768) | 1,970,755,508 | |
Other Assets & Liabilities, Net | 11,080,691 | |
Net Assets | 1,981,836,199 |
(a) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At August 31, 2020, the total value of these securities amounted to $2,295,715, which represents 0.12% of total net assets. |
(b) | Non-income producing investment. |
(c) | Valuation based on significant unobservable inputs. |
(d) | Principal amounts are denominated in United States Dollars unless otherwise noted. |
(e) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At August 31, 2020, the total value of these securities amounted to $914,401,829, which represents 46.14% of total net assets. |
(f) | Represents securities that have defaulted on payment of interest. The Fund has stopped accruing interest on these securities. At August 31, 2020, the total value of these securities amounted to $420,750, which represents 0.02% of total net assets. |
(g) | Zero coupon bond. |
(h) | The rate shown is the seven-day current annualized yield at August 31, 2020. |
(i) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended August 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.149% | ||||||||
28,318,922 | 505,451,813 | (527,961,656) | (2,590) | 5,806,489 | 30,069 | 89,408 | 5,806,489 |
ADR | American Depositary Receipt |
CAD | Canada Dollar |
10 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
August 31, 2020 (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 | ||||
Energy | — | — | 2,295,715 | 2,295,715 |
Health Care | 3,017,687 | — | — | 3,017,687 |
Information Technology | 41,773,750 | — | — | 41,773,750 |
Total Common Stocks | 44,791,437 | — | 2,295,715 | 47,087,152 |
Convertible Bonds | — | 1,593,804,575 | — | 1,593,804,575 |
Convertible Preferred Stocks | ||||
Communication Services | — | 21,911,400 | — | 21,911,400 |
Consumer Discretionary | — | 20,870,742 | — | 20,870,742 |
Consumer Staples | — | 9,769,899 | — | 9,769,899 |
Financials | — | 35,406,318 | — | 35,406,318 |
Health Care | — | 91,779,430 | — | 91,779,430 |
Industrials | — | 14,651,670 | — | 14,651,670 |
Information Technology | — | 8,299,760 | — | 8,299,760 |
Materials | — | 13,680,000 | — | 13,680,000 |
Real Estate | — | 10,331,937 | — | 10,331,937 |
Utilities | — | 83,778,936 | — | 83,778,936 |
Total Convertible Preferred Stocks | — | 310,480,092 | — | 310,480,092 |
Columbia Convertible Securities Fund | Semiannual Report 2020 | 11 |
August 31, 2020 (Unaudited)
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Preferred Stocks | ||||
Utilities | — | 13,577,200 | — | 13,577,200 |
Total Preferred Stocks | — | 13,577,200 | — | 13,577,200 |
Money Market Funds | 5,806,489 | — | — | 5,806,489 |
Total Investments in Securities | 50,597,926 | 1,917,861,867 | 2,295,715 | 1,970,755,508 |
12 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,564,958,291) | $1,964,949,019 |
Affiliated issuers (cost $5,806,477) | 5,806,489 |
Receivable for: | |
Investments sold | 21,286,907 |
Capital shares sold | 2,000,813 |
Dividends | 1,280,086 |
Interest | 4,891,321 |
Prepaid expenses | 8,991 |
Other assets | 29,809 |
Total assets | 2,000,253,435 |
Liabilities | |
Payable for: | |
Investments purchased | 16,093,905 |
Capital shares purchased | 1,869,232 |
Management services fees | 119,768 |
Distribution and/or service fees | 14,829 |
Transfer agent fees | 140,939 |
Compensation of board members | 137,193 |
Compensation of chief compliance officer | 149 |
Other expenses | 41,221 |
Total liabilities | 18,417,236 |
Net assets applicable to outstanding capital stock | $1,981,836,199 |
Represented by | |
Paid in capital | 1,484,026,601 |
Total distributable earnings (loss) | 497,809,598 |
Total - representing net assets applicable to outstanding capital stock | $1,981,836,199 |
Columbia Convertible Securities Fund | Semiannual Report 2020 | 13 |
August 31, 2020 (Unaudited)
Class A | |
Net assets | $420,517,079 |
Shares outstanding | 15,629,764 |
Net asset value per share | $26.90 |
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) | $28.54 |
Advisor Class | |
Net assets | $172,246,021 |
Shares outstanding | 6,329,504 |
Net asset value per share | $27.21 |
Class C | |
Net assets | $76,655,436 |
Shares outstanding | 2,860,406 |
Net asset value per share | $26.80 |
Institutional Class | |
Net assets | $986,538,615 |
Shares outstanding | 36,598,169 |
Net asset value per share | $26.96 |
Institutional 2 Class | |
Net assets | $183,550,969 |
Shares outstanding | 6,752,545 |
Net asset value per share | $27.18 |
Institutional 3 Class | |
Net assets | $140,368,047 |
Shares outstanding | 5,119,130 |
Net asset value per share | $27.42 |
Class R | |
Net assets | $1,960,032 |
Shares outstanding | 72,928 |
Net asset value per share | $26.88 |
14 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
Six Months Ended August 31, 2020 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $9,448,616 |
Dividends — affiliated issuers | 89,408 |
Interest | 12,324,271 |
Interfund lending | 126 |
Total income | 21,862,421 |
Expenses: | |
Management services fees | 5,955,544 |
Distribution and/or service fees | |
Class A | 419,291 |
Class C | 321,274 |
Class R | 4,137 |
Transfer agent fees | |
Class A | 180,096 |
Advisor Class | 64,012 |
Class C | 34,545 |
Institutional Class | 417,629 |
Institutional 2 Class | 39,824 |
Institutional 3 Class | 5,382 |
Class R | 889 |
Compensation of board members | 13,034 |
Custodian fees | 4,846 |
Printing and postage fees | 40,632 |
Registration fees | 80,666 |
Audit fees | 14,993 |
Legal fees | 13,018 |
Compensation of chief compliance officer | 149 |
Other | 13,743 |
Total expenses | 7,623,704 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (132,674) |
Fees waived by transfer agent | |
Institutional 2 Class | (5,388) |
Institutional 3 Class | (1,747) |
Total net expenses | 7,483,895 |
Net investment income | 14,378,526 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 102,914,641 |
Investments — affiliated issuers | 30,069 |
Foreign currency translations | 5,736 |
Net realized gain | 102,950,446 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 286,632,942 |
Investments — affiliated issuers | (2,590) |
Foreign currency translations | 1,329 |
Net change in unrealized appreciation (depreciation) | 286,631,681 |
Net realized and unrealized gain | 389,582,127 |
Net increase in net assets resulting from operations | $403,960,653 |
Columbia Convertible Securities Fund | Semiannual Report 2020 | 15 |
Six Months Ended August 31, 2020 (Unaudited) | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $14,378,526 | $25,225,416 |
Net realized gain | 102,950,446 | 96,072,548 |
Net change in unrealized appreciation (depreciation) | 286,631,681 | 28,214,650 |
Net increase in net assets resulting from operations | 403,960,653 | 149,512,614 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (13,820,568) | (19,462,475) |
Advisor Class | (4,955,084) | (4,865,869) |
Class C | (2,359,689) | (3,070,845) |
Institutional Class | (32,414,493) | (42,810,874) |
Institutional 2 Class | (5,507,573) | (6,918,147) |
Institutional 3 Class | (5,512,003) | (7,115,129) |
Class R | (62,043) | (122,603) |
Total distributions to shareholders | (64,631,453) | (84,365,942) |
Increase in net assets from capital stock activity | 212,032,424 | 256,745,390 |
Total increase in net assets | 551,361,624 | 321,892,062 |
Net assets at beginning of period | 1,430,474,575 | 1,108,582,513 |
Net assets at end of period | $1,981,836,199 | $1,430,474,575 |
16 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
Six Months Ended | Year Ended | |||
August 31, 2020 (Unaudited) | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 2,731,133 | 63,295,654 | 4,360,574 | 94,935,324 |
Distributions reinvested | 450,201 | 10,058,467 | 638,016 | 13,768,058 |
Redemptions | (1,918,483) | (41,033,619) | (4,307,203) | (93,362,623) |
Net increase | 1,262,851 | 32,320,502 | 691,387 | 15,340,759 |
Advisor Class | ||||
Subscriptions | 3,418,991 | 77,296,362 | 3,314,559 | 73,339,965 |
Distributions reinvested | 218,715 | 4,948,853 | 222,512 | 4,854,911 |
Redemptions | (1,558,929) | (33,913,941) | (1,722,208) | (37,901,225) |
Net increase | 2,078,777 | 48,331,274 | 1,814,863 | 40,293,651 |
Class C | ||||
Subscriptions | 347,444 | 7,990,908 | 1,070,570 | 23,306,724 |
Distributions reinvested | 90,913 | 2,043,503 | 123,128 | 2,653,398 |
Redemptions | (410,478) | (9,242,412) | (474,408) | (10,254,412) |
Net increase | 27,879 | 791,999 | 719,290 | 15,705,710 |
Institutional Class | ||||
Subscriptions | 11,781,143 | 264,276,651 | 13,888,726 | 303,951,549 |
Distributions reinvested | 1,163,585 | 25,964,848 | 1,535,050 | 33,176,052 |
Redemptions | (9,481,784) | (202,265,160) | (8,252,510) | (179,691,428) |
Net increase | 3,462,944 | 87,976,339 | 7,171,266 | 157,436,173 |
Institutional 2 Class | ||||
Subscriptions | 3,916,094 | 83,490,773 | 5,014,833 | 109,175,210 |
Distributions reinvested | 236,415 | 5,369,998 | 318,069 | 6,915,549 |
Redemptions | (1,533,706) | (32,930,141) | (5,005,134) | (110,303,792) |
Net increase | 2,618,803 | 55,930,630 | 327,768 | 5,786,967 |
Institutional 3 Class | ||||
Subscriptions | 515,993 | 11,882,376 | 1,833,426 | 40,855,531 |
Distributions reinvested | 243,821 | 5,508,118 | 324,002 | 7,114,937 |
Redemptions | (1,343,877) | (30,471,158) | (1,159,672) | (25,218,350) |
Net increase (decrease) | (584,063) | (13,080,664) | 997,756 | 22,752,118 |
Class R | ||||
Subscriptions | 23,380 | 540,179 | 42,464 | 932,277 |
Distributions reinvested | 1,803 | 40,282 | 2,063 | 44,526 |
Redemptions | (38,379) | (818,117) | (70,252) | (1,546,791) |
Net decrease | (13,196) | (237,656) | (25,725) | (569,988) |
Total net increase | 8,853,995 | 212,032,424 | 11,696,605 | 256,745,390 |
Columbia Convertible Securities Fund | Semiannual Report 2020 | 17 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $22.09 | 0.19 | 5.55 | 5.74 | (0.29) | (0.64) | (0.93) |
Year Ended 2/29/2020 | $20.92 | 0.39 | 2.18 | 2.57 | (0.50) | (0.90) | (1.40) |
Year Ended 2/28/2019 | $20.41 | 0.39 | 1.11 | 1.50 | (0.40) | (0.59) | (0.99) |
Year Ended 2/28/2018 | $18.64 | 0.43 | 1.89 | 2.32 | (0.55) | — | (0.55) |
Year Ended 2/28/2017 | $15.07 | 0.47 | 3.52 | 3.99 | (0.42) | — | (0.42) |
Year Ended 2/29/2016 | $19.53 | 0.38 | (3.25) | (2.87) | (0.75) | (0.87) | (1.62) |
Advisor Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $22.34 | 0.22 | 5.60 | 5.82 | (0.31) | (0.64) | (0.95) |
Year Ended 2/29/2020 | $21.14 | 0.45 | 2.20 | 2.65 | (0.55) | (0.90) | (1.45) |
Year Ended 2/28/2019 | $20.61 | 0.44 | 1.13 | 1.57 | (0.45) | (0.59) | (1.04) |
Year Ended 2/28/2018 | $18.82 | 0.48 | 1.90 | 2.38 | (0.59) | — | (0.59) |
Year Ended 2/28/2017 | $15.21 | 0.50 | 3.57 | 4.07 | (0.46) | — | (0.46) |
Year Ended 2/29/2016 | $19.69 | 0.45 | (3.29) | (2.84) | (0.80) | (0.87) | (1.67) |
Class C | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $22.00 | 0.11 | 5.53 | 5.64 | (0.20) | (0.64) | (0.84) |
Year Ended 2/29/2020 | $20.84 | 0.23 | 2.17 | 2.40 | (0.34) | (0.90) | (1.24) |
Year Ended 2/28/2019 | $20.33 | 0.23 | 1.12 | 1.35 | (0.25) | (0.59) | (0.84) |
Year Ended 2/28/2018 | $18.57 | 0.29 | 1.87 | 2.16 | (0.40) | — | (0.40) |
Year Ended 2/28/2017 | $15.02 | 0.34 | 3.50 | 3.84 | (0.29) | — | (0.29) |
Year Ended 2/29/2016 | $19.46 | 0.25 | (3.24) | (2.99) | (0.61) | (0.87) | (1.48) |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $22.13 | 0.22 | 5.56 | 5.78 | (0.31) | (0.64) | (0.95) |
Year Ended 2/29/2020 | $20.96 | 0.45 | 2.17 | 2.62 | (0.55) | (0.90) | (1.45) |
Year Ended 2/28/2019 | $20.44 | 0.44 | 1.12 | 1.56 | (0.45) | (0.59) | (1.04) |
Year Ended 2/28/2018 | $18.67 | 0.48 | 1.88 | 2.36 | (0.59) | — | (0.59) |
Year Ended 2/28/2017 | $15.10 | 0.51 | 3.52 | 4.03 | (0.46) | — | (0.46) |
Year Ended 2/29/2016 | $19.56 | 0.42 | (3.24) | (2.82) | (0.80) | (0.87) | (1.67) |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $22.31 | 0.23 | 5.60 | 5.83 | (0.32) | (0.64) | (0.96) |
Year Ended 2/29/2020 | $21.12 | 0.47 | 2.18 | 2.65 | (0.56) | (0.90) | (1.46) |
Year Ended 2/28/2019 | $20.59 | 0.45 | 1.14 | 1.59 | (0.47) | (0.59) | (1.06) |
Year Ended 2/28/2018 | $18.80 | 0.50 | 1.90 | 2.40 | (0.61) | — | (0.61) |
Year Ended 2/28/2017 | $15.20 | 0.52 | 3.55 | 4.07 | (0.47) | — | (0.47) |
Year Ended 2/29/2016 | $19.68 | 0.45 | (3.27) | (2.82) | (0.82) | (0.87) | (1.69) |
18 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
Proceeds from regulatory settlements | 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 8/31/2020 (Unaudited) | — | $26.90 | 26.87% | 1.14%(c) | 1.13%(c) | 1.68%(c) | 68% | $420,517 |
Year Ended 2/29/2020 | — | $22.09 | 12.55% | 1.17%(d) | 1.12%(d),(e) | 1.81% | 74% | $317,365 |
Year Ended 2/28/2019 | — | $20.92 | 7.70% | 1.20%(d) | 1.13%(d),(e) | 1.88% | 60% | $286,075 |
Year Ended 2/28/2018 | — | $20.41 | 12.65% | 1.22% | 1.12%(e) | 2.21% | 67% | $248,052 |
Year Ended 2/28/2017 | — | $18.64 | 26.68% | 1.25% | 1.13%(e) | 2.73% | 72% | $289,232 |
Year Ended 2/29/2016 | 0.03 | $15.07 | (15.46%)(f) | 1.23%(g) | 1.11%(e),(g) | 2.11% | 71% | $287,364 |
Advisor Class | ||||||||
Six Months Ended 8/31/2020 (Unaudited) | — | $27.21 | 27.01% | 0.89%(c) | 0.88%(c) | 1.90%(c) | 68% | $172,246 |
Year Ended 2/29/2020 | — | $22.34 | 12.84% | 0.92%(d) | 0.87%(d),(e) | 2.06% | 74% | $94,945 |
Year Ended 2/28/2019 | — | $21.14 | 7.99% | 0.95%(d) | 0.88%(d),(e) | 2.15% | 60% | $51,487 |
Year Ended 2/28/2018 | — | $20.61 | 12.91% | 0.97% | 0.87%(e) | 2.43% | 67% | $18,432 |
Year Ended 2/28/2017 | — | $18.82 | 27.00% | 1.00% | 0.88%(e) | 2.95% | 72% | $11,789 |
Year Ended 2/29/2016 | 0.03 | $15.21 | (15.21%)(f) | 1.00%(g) | 0.87%(e),(g) | 2.59% | 71% | $14,556 |
Class C | ||||||||
Six Months Ended 8/31/2020 (Unaudited) | — | $26.80 | 26.40% | 1.89%(c) | 1.87%(c) | 0.94%(c) | 68% | $76,655 |
Year Ended 2/29/2020 | — | $22.00 | 11.71% | 1.92%(d) | 1.87%(d),(e) | 1.06% | 74% | $62,313 |
Year Ended 2/28/2019 | — | $20.84 | 6.92% | 1.95%(d) | 1.88%(d),(e) | 1.14% | 60% | $44,035 |
Year Ended 2/28/2018 | — | $20.33 | 11.80% | 1.97% | 1.87%(e) | 1.47% | 67% | $40,419 |
Year Ended 2/28/2017 | — | $18.57 | 25.70% | 2.00% | 1.88%(e) | 1.98% | 72% | $42,161 |
Year Ended 2/29/2016 | 0.03 | $15.02 | (16.06%)(f) | 1.99%(g) | 1.87%(e),(g) | 1.38% | 71% | $47,322 |
Institutional Class | ||||||||
Six Months Ended 8/31/2020 (Unaudited) | — | $26.96 | 27.09% | 0.89%(c) | 0.88%(c) | 1.92%(c) | 68% | $986,539 |
Year Ended 2/29/2020 | — | $22.13 | 12.81% | 0.92%(d) | 0.87%(d),(e) | 2.06% | 74% | $733,400 |
Year Ended 2/28/2019 | — | $20.96 | 8.00% | 0.95%(d) | 0.88%(d),(e) | 2.13% | 60% | $544,140 |
Year Ended 2/28/2018 | — | $20.44 | 12.91% | 0.97% | 0.87%(e) | 2.49% | 67% | $393,240 |
Year Ended 2/28/2017 | — | $18.67 | 26.94% | 1.00% | 0.88%(e) | 2.97% | 72% | $229,113 |
Year Ended 2/29/2016 | 0.03 | $15.10 | (15.21%)(f) | 0.98%(g) | 0.86%(e),(g) | 2.27% | 71% | $203,574 |
Institutional 2 Class | ||||||||
Six Months Ended 8/31/2020 (Unaudited) | — | $27.18 | 27.09% | 0.85%(c) | 0.81%(c) | 1.96%(c) | 68% | $183,551 |
Year Ended 2/29/2020 | — | $22.31 | 12.88% | 0.87%(d) | 0.81%(d) | 2.13% | 74% | $92,233 |
Year Ended 2/28/2019 | — | $21.12 | 8.07% | 0.89%(d) | 0.81%(d) | 2.19% | 60% | $80,367 |
Year Ended 2/28/2018 | — | $20.59 | 13.02% | 0.90% | 0.80% | 2.54% | 67% | $49,709 |
Year Ended 2/28/2017 | — | $18.80 | 27.08% | 0.90% | 0.79% | 3.02% | 72% | $65,291 |
Year Ended 2/29/2016 | 0.03 | $15.20 | (15.13%)(f) | 0.87%(g) | 0.76%(g) | 2.48% | 71% | $38,717 |
Columbia Convertible Securities Fund | Semiannual Report 2020 | 19 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $22.50 | 0.24 | 5.64 | 5.88 | (0.32) | (0.64) | (0.96) |
Year Ended 2/29/2020 | $21.28 | 0.48 | 2.21 | 2.69 | (0.57) | (0.90) | (1.47) |
Year Ended 2/28/2019 | $20.74 | 0.47 | 1.14 | 1.61 | (0.48) | (0.59) | (1.07) |
Year Ended 2/28/2018 | $18.94 | 0.51 | 1.91 | 2.42 | (0.62) | — | (0.62) |
Year Ended 2/28/2017 | $15.31 | 0.53 | 3.58 | 4.11 | (0.48) | — | (0.48) |
Year Ended 2/29/2016 | $19.81 | 0.51 | (3.34) | (2.83) | (0.83) | (0.87) | (1.70) |
Class R | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $22.06 | 0.17 | 5.55 | 5.72 | (0.26) | (0.64) | (0.90) |
Year Ended 2/29/2020 | $20.90 | 0.34 | 2.16 | 2.50 | (0.44) | (0.90) | (1.34) |
Year Ended 2/28/2019 | $20.39 | 0.33 | 1.12 | 1.45 | (0.35) | (0.59) | (0.94) |
Year Ended 2/28/2018 | $18.62 | 0.38 | 1.89 | 2.27 | (0.50) | — | (0.50) |
Year Ended 2/28/2017 | $15.06 | 0.42 | 3.51 | 3.93 | (0.37) | — | (0.37) |
Year Ended 2/29/2016 | $19.51 | 0.34 | (3.24) | (2.90) | (0.71) | (0.87) | (1.58) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | Ratios include interfund lending expense which is less than 0.01%. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | The Fund received proceeds from regulatory settlements. Had the Fund not received these proceeds, the total return would have been lower by 0.14%. |
(g) | Ratios include line of credit interest expense which is less than 0.01%. |
20 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
Proceeds from regulatory settlements | 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 8/31/2020 (Unaudited) | — | $27.42 | 27.11% | 0.79%(c) | 0.77%(c) | 2.05%(c) | 68% | $140,368 |
Year Ended 2/29/2020 | — | $22.50 | 12.97% | 0.82%(d) | 0.77%(d) | 2.17% | 74% | $128,319 |
Year Ended 2/28/2019 | — | $21.28 | 8.11% | 0.84%(d) | 0.76%(d) | 2.25% | 60% | $100,142 |
Year Ended 2/28/2018 | — | $20.74 | 13.03% | 0.85% | 0.75% | 2.58% | 67% | $90,655 |
Year Ended 2/28/2017 | — | $18.94 | 27.14% | 0.85% | 0.74% | 3.06% | 72% | $1,269 |
Year Ended 2/29/2016 | 0.03 | $15.31 | (15.09%)(f) | 0.84%(g) | 0.72%(g) | 3.01% | 71% | $812 |
Class R | ||||||||
Six Months Ended 8/31/2020 (Unaudited) | — | $26.88 | 26.77% | 1.39%(c) | 1.38%(c) | 1.46%(c) | 68% | $1,960 |
Year Ended 2/29/2020 | — | $22.06 | 12.23% | 1.42%(d) | 1.37%(d),(e) | 1.56% | 74% | $1,900 |
Year Ended 2/28/2019 | — | $20.90 | 7.44% | 1.45%(d) | 1.38%(d),(e) | 1.63% | 60% | $2,337 |
Year Ended 2/28/2018 | — | $20.39 | 12.38% | 1.47% | 1.37%(e) | 1.97% | 67% | $3,031 |
Year Ended 2/28/2017 | — | $18.62 | 26.32% | 1.50% | 1.38%(e) | 2.44% | 72% | $3,240 |
Year Ended 2/29/2016 | 0.03 | $15.06 | (15.63%)(f) | 1.49%(g) | 1.37%(e),(g) | 1.91% | 71% | $2,429 |
Columbia Convertible Securities Fund | Semiannual Report 2020 | 21 |
August 31, 2020 (Unaudited)
22 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Convertible Securities Fund | Semiannual Report 2020 | 23 |
August 31, 2020 (Unaudited)
24 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Effective rate (%) | |
Class A | 0.11 |
Advisor Class | 0.11 |
Class C | 0.11 |
Institutional Class | 0.11 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.01 |
Class R | 0.11 |
Columbia Convertible Securities Fund | Semiannual Report 2020 | 25 |
August 31, 2020 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 324,365 |
Class C | — | 1.00(b) | 6,166 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Fee rate(s) contractual through June 30, 2021 | |
Class A | 1.13% |
Advisor Class | 0.88 |
Class C | 1.88 |
Institutional Class | 0.88 |
Institutional 2 Class | 0.81 |
Institutional 3 Class | 0.77 |
Class R | 1.38 |
26 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,570,765,000 | 441,634,000 | (41,643,000) | 399,991,000 |
Columbia Convertible Securities Fund | Semiannual Report 2020 | 27 |
August 31, 2020 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 1,080,000 | 0.70 | 5 |
28 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Convertible Securities Fund | Semiannual Report 2020 | 29 |
August 31, 2020 (Unaudited)
30 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
Columbia Convertible Securities Fund | Semiannual Report 2020 | 31 |
Nature, extent and quality of services provided by Columbia Threadneedle
32 | Columbia Convertible Securities Fund | Semiannual Report 2020 |
The Board considered the reports of its independent fee consultant, JDL Consultants, LLC (JDL), which assisted in the Board’s analysis of the Funds’ performance and expenses, the reasonableness of the Funds’ fee rates, and JDL’s conclusion that the management fees being charged to the Fund are reasonable. The Board accorded particular weight to the notion that the 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 defined exceptions) are generally in line with the "pricing philosophy" currently in effect (i.e., 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, but at the 60th percentile of the Fund’s peer universe. Based on its review, the Board concluded that the Fund’s management fee was fair and reasonable in light of the extent and quality of services that the Fund receives.
Columbia Convertible Securities Fund | Semiannual Report 2020 | 33 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
August 31, 2020
(Unaudited)
Average annual total returns (%) (for the period ended August 31, 2020) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 08/02/99 | 19.64 | 23.23 | 14.01 | 14.57 |
Including sales charges | 12.74 | 16.13 | 12.68 | 13.89 | ||
Advisor Class* | 07/05/17 | 19.80 | 23.60 | 14.30 | 14.85 | |
Class C | Excluding sales charges | 08/02/99 | 19.28 | 22.40 | 13.16 | 13.72 |
Including sales charges | 18.28 | 21.40 | 13.16 | 13.72 | ||
Institutional Class | 10/02/98 | 19.86 | 23.65 | 14.31 | 14.86 | |
Institutional 2 Class* | 11/08/12 | 19.95 | 23.70 | 14.41 | 14.94 | |
Institutional 3 Class* | 03/01/17 | 19.92 | 23.81 | 14.41 | 14.91 | |
S&P 500 Index | 19.63 | 21.94 | 14.46 | 15.16 |
* | 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 Select Large Cap Equity Fund | Semiannual Report 2020 | 3 |
(Unaudited)
Portfolio breakdown (%) (at August 31, 2020) | |
Common Stocks | 98.4 |
Convertible Preferred Stocks | 0.8 |
Money Market Funds | 0.8 |
Total | 100.0 |
Equity sector breakdown (%) (at August 31, 2020) | |
Communication Services | 10.7 |
Consumer Discretionary | 12.5 |
Consumer Staples | 5.8 |
Energy | 1.9 |
Financials | 7.2 |
Health Care | 15.3 |
Industrials | 9.0 |
Information Technology | 31.9 |
Materials | 1.0 |
Real Estate | 3.4 |
Utilities | 1.3 |
Total | 100.0 |
4 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
(Unaudited)
March 1, 2020 — August 31, 2020 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,196.40 | 1,021.34 | 4.40 | 4.05 | 0.79 |
Advisor Class | 1,000.00 | 1,000.00 | 1,198.00 | 1,022.55 | 3.06 | 2.82 | 0.55 |
Class C | 1,000.00 | 1,000.00 | 1,192.80 | 1,017.54 | 8.56 | 7.87 | 1.54 |
Institutional Class | 1,000.00 | 1,000.00 | 1,198.60 | 1,022.55 | 3.06 | 2.82 | 0.55 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,199.50 | 1,023.01 | 2.56 | 2.36 | 0.46 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,199.20 | 1,023.26 | 2.29 | 2.10 | 0.41 |
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 5 |
August 31, 2020 (Unaudited)
Common Stocks 98.5% | ||
Issuer | Shares | Value ($) |
Communication Services 10.6% | ||
Entertainment 1.2% | ||
Electronic Arts, Inc.(a) | 76,077 | 10,610,459 |
Interactive Media & Services 5.1% | ||
Alphabet, Inc., Class C(a) | 27,363 | 44,716,068 |
Media 2.9% | ||
Comcast Corp., Class A | 383,919 | 17,203,410 |
Discovery, Inc., Class A(a) | 361,239 | 7,970,739 |
Total | 25,174,149 | |
Wireless Telecommunication Services 1.4% | ||
T-Mobile USA, Inc.(a) | 103,428 | 12,067,979 |
Total Communication Services | 92,568,655 | |
Consumer Discretionary 12.4% | ||
Hotels, Restaurants & Leisure 1.4% | ||
Darden Restaurants, Inc. | 54,094 | 4,688,327 |
Las Vegas Sands Corp. | 141,883 | 7,194,887 |
Total | 11,883,214 | |
Internet & Direct Marketing Retail 6.2% | ||
Amazon.com, Inc.(a) | 15,505 | 53,507,135 |
Multiline Retail 2.6% | ||
Dollar Tree, Inc.(a) | 95,884 | 9,230,753 |
Target Corp. | 91,741 | 13,872,156 |
Total | 23,102,909 | |
Specialty Retail 2.2% | ||
Home Depot, Inc. (The) | 66,600 | 18,983,664 |
Total Consumer Discretionary | 107,476,922 | |
Consumer Staples 5.8% | ||
Food & Staples Retailing 1.7% | ||
Walmart, Inc. | 106,348 | 14,766,420 |
Food Products 1.4% | ||
Mondelez International, Inc., Class A | 201,052 | 11,745,458 |
Household Products 1.3% | ||
Kimberly-Clark Corp. | 70,774 | 11,165,306 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Tobacco 1.4% | ||
Philip Morris International, Inc. | 156,284 | 12,469,900 |
Total Consumer Staples | 50,147,084 | |
Energy 1.8% | ||
Oil, Gas & Consumable Fuels 1.8% | ||
Chevron Corp. | 144,615 | 12,137,537 |
EOG Resources, Inc. | 83,825 | 3,800,626 |
Total | 15,938,163 | |
Total Energy | 15,938,163 | |
Financials 7.2% | ||
Banks 4.4% | ||
Bank of America Corp. | 600,154 | 15,447,964 |
JPMorgan Chase & Co. | 186,207 | 18,656,079 |
Popular, Inc. | 120,647 | 4,468,765 |
Total | 38,572,808 | |
Capital Markets 1.6% | ||
BlackRock, Inc. | 22,817 | 13,557,633 |
Insurance 1.2% | ||
Allstate Corp. (The) | 108,765 | 10,115,145 |
Total Financials | 62,245,586 | |
Health Care 14.4% | ||
Biotechnology 2.6% | ||
AbbVie, Inc. | 122,609 | 11,742,264 |
Alexion Pharmaceuticals, Inc.(a) | 45,682 | 5,217,798 |
BioMarin Pharmaceutical, Inc.(a) | 25,079 | 1,956,914 |
Exact Sciences Corp.(a) | 49,472 | 3,724,747 |
Total | 22,641,723 | |
Health Care Equipment & Supplies 3.0% | ||
Abbott Laboratories | 147,860 | 16,186,234 |
Baxter International, Inc. | 109,602 | 9,543,046 |
Total | 25,729,280 | |
Health Care Providers & Services 2.3% | ||
Centene Corp.(a) | 153,821 | 9,432,304 |
Cigna Corp. | 59,691 | 10,587,392 |
Total | 20,019,696 |
6 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Life Sciences Tools & Services 1.0% | ||
IQVIA Holdings, Inc.(a) | 56,118 | 9,189,323 |
Pharmaceuticals 5.5% | ||
Bristol-Myers Squibb Co. | 139,788 | 8,694,814 |
Eli Lilly and Co. | 81,837 | 12,143,792 |
Johnson & Johnson | 150,206 | 23,043,103 |
Royalty Pharma PLC, Class A(a) | 97,830 | 4,048,205 |
Total | 47,929,914 | |
Total Health Care | 125,509,936 | |
Industrials 8.9% | ||
Aerospace & Defense 1.2% | ||
Northrop Grumman Corp. | 30,284 | 10,375,601 |
Air Freight & Logistics 1.3% | ||
United Parcel Service, Inc., Class B | 71,787 | 11,745,789 |
Building Products 2.5% | ||
Masco Corp. | 198,504 | 11,572,783 |
Trane Technologies PLC | 83,859 | 9,928,067 |
Total | 21,500,850 | |
Machinery 1.1% | ||
Cummins, Inc. | 45,756 | 9,482,931 |
Road & Rail 2.8% | ||
Norfolk Southern Corp. | 52,854 | 11,233,061 |
Union Pacific Corp. | 69,229 | 13,322,429 |
Total | 24,555,490 | |
Total Industrials | 77,660,661 | |
Information Technology 31.7% | ||
Communications Equipment 1.4% | ||
Cisco Systems, Inc. | 291,371 | 12,301,683 |
Electronic Equipment, Instruments & Components 1.1% | ||
TE Connectivity Ltd. | 103,023 | 9,952,022 |
IT Services 5.5% | ||
Fidelity National Information Services, Inc. | 93,620 | 14,122,577 |
International Business Machines Corp. | 99,159 | 12,227,296 |
MasterCard, Inc., Class A | 58,863 | 21,084,138 |
Total | 47,434,011 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Semiconductors & Semiconductor Equipment 5.4% | ||
Broadcom, Inc. | 43,957 | 15,259,673 |
NVIDIA Corp. | 30,793 | 16,473,639 |
NXP Semiconductors NV | 70,477 | 8,863,188 |
Qorvo, Inc.(a) | 45,509 | 5,837,439 |
Total | 46,433,939 | |
Software 10.7% | ||
Adobe, Inc.(a) | 38,878 | 19,959,577 |
Microsoft Corp. | 272,212 | 61,391,972 |
NortonLifeLock, Inc. | 493,696 | 11,611,730 |
Total | 92,963,279 | |
Technology Hardware, Storage & Peripherals 7.6% | ||
Apple, Inc.(b) | 430,300 | 55,525,912 |
HP, Inc. | 530,204 | 10,365,488 |
Total | 65,891,400 | |
Total Information Technology | 274,976,334 | |
Materials 1.0% | ||
Metals & Mining 1.0% | ||
Barrick Gold Corp. | 284,066 | 8,422,557 |
Total Materials | 8,422,557 | |
Real Estate 3.4% | ||
Equity Real Estate Investment Trusts (REITS) 3.4% | ||
American Homes 4 Rent, Class A | 240,898 | 6,899,319 |
American Tower Corp. | 47,069 | 11,727,241 |
ProLogis, Inc. | 105,141 | 10,709,662 |
Total | 29,336,222 | |
Total Real Estate | 29,336,222 | |
Utilities 1.3% | ||
Multi-Utilities 1.3% | ||
DTE Energy Co. | 92,882 | 11,022,307 |
Total Utilities | 11,022,307 | |
Total Common Stocks (Cost $553,737,458) | 855,304,427 |
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 7 |
August 31, 2020 (Unaudited)
Convertible Preferred Stocks 0.8% | |||
Issuer | Shares | Value ($) | |
Health Care 0.8% | |||
Health Care Equipment & Supplies 0.8% | |||
Danaher Corp. | 5.000% | 5,440 | 6,704,039 |
Total Health Care | 6,704,039 | ||
Total Convertible Preferred Stocks (Cost $5,443,800) | 6,704,039 |
Money Market Funds 0.8% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.149%(c),(d) | 7,395,180 | 7,395,180 |
Total Money Market Funds (Cost $7,393,273) | 7,395,180 | |
Total Investments in Securities (Cost: $566,574,531) | 869,403,646 | |
Other Assets & Liabilities, Net | (1,234,823) | |
Net Assets | 868,168,823 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
S&P 500 Index E-mini | 25 | 09/2020 | USD | 4,373,625 | 556,767 | — |
(a) | Non-income producing investment. |
(b) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(c) | The rate shown is the seven-day current annualized yield at August 31, 2020. |
(d) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended August 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.149% | ||||||||
6,034,636 | 147,257,662 | (145,898,442) | 1,324 | 7,395,180 | 239 | 32,956 | 7,395,180 |
USD | US Dollar |
8 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 92,568,655 | — | — | 92,568,655 |
Consumer Discretionary | 107,476,922 | — | — | 107,476,922 |
Consumer Staples | 50,147,084 | — | — | 50,147,084 |
Energy | 15,938,163 | — | — | 15,938,163 |
Financials | 62,245,586 | — | — | 62,245,586 |
Health Care | 125,509,936 | — | — | 125,509,936 |
Industrials | 77,660,661 | — | — | 77,660,661 |
Information Technology | 274,976,334 | — | — | 274,976,334 |
Materials | 8,422,557 | — | — | 8,422,557 |
Real Estate | 29,336,222 | — | — | 29,336,222 |
Utilities | 11,022,307 | — | — | 11,022,307 |
Total Common Stocks | 855,304,427 | — | — | 855,304,427 |
Convertible Preferred Stocks | ||||
Health Care | — | 6,704,039 | — | 6,704,039 |
Total Convertible Preferred Stocks | — | 6,704,039 | — | 6,704,039 |
Money Market Funds | 7,395,180 | — | — | 7,395,180 |
Total Investments in Securities | 862,699,607 | 6,704,039 | — | 869,403,646 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 556,767 | — | — | 556,767 |
Total | 863,256,374 | 6,704,039 | — | 869,960,413 |
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 9 |
August 31, 2020 (Unaudited)
See the Portfolio of Investments for all investment classifications not indicated in the table.
10 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $559,181,258) | $862,008,466 |
Affiliated issuers (cost $7,393,273) | 7,395,180 |
Receivable for: | |
Capital shares sold | 150,719 |
Dividends | 1,269,858 |
Foreign tax reclaims | 2,272 |
Expense reimbursement due from Investment Manager | 26,699 |
Prepaid expenses | 5,429 |
Other assets | 26,835 |
Total assets | 870,885,458 |
Liabilities | |
Payable for: | |
Capital shares purchased | 2,437,609 |
Variation margin for futures contracts | 6,875 |
Management services fees | 53,582 |
Distribution and/or service fees | 4,717 |
Transfer agent fees | 42,373 |
Compensation of board members | 142,544 |
Compensation of chief compliance officer | 83 |
Other expenses | 28,852 |
Total liabilities | 2,716,635 |
Net assets applicable to outstanding capital stock | $868,168,823 |
Represented by | |
Paid in capital | 552,503,956 |
Total distributable earnings (loss) | 315,664,867 |
Total - representing net assets applicable to outstanding capital stock | $868,168,823 |
Class A | |
Net assets | $199,704,726 |
Shares outstanding | 12,151,851 |
Net asset value per share | $16.43 |
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) | $17.43 |
Advisor Class | |
Net assets | $1,123,916 |
Shares outstanding | 69,263 |
Net asset value per share | $16.23 |
Class C | |
Net assets | $7,483,619 |
Shares outstanding | 503,956 |
Net asset value per share | $14.85 |
Institutional Class | |
Net assets | $146,924,549 |
Shares outstanding | 9,010,919 |
Net asset value per share | $16.31 |
Institutional 2 Class | |
Net assets | $45,621,838 |
Shares outstanding | 2,706,309 |
Net asset value per share | $16.86 |
Institutional 3 Class | |
Net assets | $467,310,175 |
Shares outstanding | 29,117,747 |
Net asset value per share | $16.05 |
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 11 |
Six Months Ended August 31, 2020 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $6,856,351 |
Dividends — affiliated issuers | 32,956 |
Foreign taxes withheld | (23,208) |
Total income | 6,866,099 |
Expenses: | |
Management services fees | 2,800,856 |
Distribution and/or service fees | |
Class A | 211,284 |
Class C | 33,369 |
Transfer agent fees | |
Class A | 121,104 |
Advisor Class | 753 |
Class C | 4,783 |
Institutional Class | 93,489 |
Institutional 2 Class | 9,419 |
Institutional 3 Class | 15,823 |
Compensation of board members | 7,848 |
Custodian fees | 6,138 |
Printing and postage fees | 13,740 |
Registration fees | 46,665 |
Audit fees | 14,993 |
Legal fees | 8,654 |
Compensation of chief compliance officer | 79 |
Other | 9,321 |
Total expenses | 3,398,318 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (1,401,864) |
Total net expenses | 1,996,454 |
Net investment income | 4,869,645 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 7,153,762 |
Investments — affiliated issuers | 239 |
Futures contracts | 553,647 |
Net realized gain | 7,707,648 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 133,018,301 |
Investments — affiliated issuers | 1,324 |
Futures contracts | 1,018,384 |
Net change in unrealized appreciation (depreciation) | 134,038,009 |
Net realized and unrealized gain | 141,745,657 |
Net increase in net assets resulting from operations | $146,615,302 |
12 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
Six Months Ended August 31, 2020 (Unaudited) | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $4,869,645 | $13,439,679 |
Net realized gain | 7,707,648 | 33,948,506 |
Net change in unrealized appreciation (depreciation) | 134,038,009 | 6,853,711 |
Net increase in net assets resulting from operations | 146,615,302 | 54,241,896 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (6,110,327) | (8,128,738) |
Advisor Class | (31,155) | (211,295) |
Class C | (260,763) | (331,874) |
Institutional Class | (4,689,373) | (8,874,648) |
Institutional 2 Class | (989,854) | (1,276,966) |
Institutional 3 Class | (14,958,817) | (20,084,460) |
Total distributions to shareholders | (27,040,289) | (38,907,981) |
Increase (decrease) in net assets from capital stock activity | 70,830,752 | (18,482,795) |
Total increase (decrease) in net assets | 190,405,765 | (3,148,880) |
Net assets at beginning of period | 677,763,058 | 680,911,938 |
Net assets at end of period | $868,168,823 | $677,763,058 |
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 13 |
Six Months Ended | Year Ended | |||
August 31, 2020 (Unaudited) | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 1,789,322 | 25,479,883 | 1,117,225 | 16,161,538 |
Distributions reinvested | 151,523 | 2,207,689 | 193,648 | 2,772,344 |
Redemptions | (741,578) | (10,308,323) | (1,231,202) | (18,070,781) |
Net increase | 1,199,267 | 17,379,249 | 79,671 | 863,101 |
Advisor Class | ||||
Subscriptions | 39,296 | 540,161 | 103,618 | 1,483,868 |
Distributions reinvested | 2,160 | 31,059 | 14,912 | 211,152 |
Redemptions | (206,893) | (2,817,592) | (111,845) | (1,662,976) |
Net increase (decrease) | (165,437) | (2,246,372) | 6,685 | 32,044 |
Class C | ||||
Subscriptions | 106,705 | 1,284,939 | 96,991 | 1,277,788 |
Distributions reinvested | 16,843 | 222,160 | 22,225 | 288,516 |
Redemptions | (86,957) | (1,088,655) | (262,590) | (3,453,111) |
Net increase (decrease) | 36,591 | 418,444 | (143,374) | (1,886,807) |
Institutional Class | ||||
Subscriptions | 681,744 | 8,929,617 | 1,617,438 | 22,932,594 |
Distributions reinvested | 295,995 | 4,277,132 | 449,621 | 6,390,254 |
Redemptions | (878,593) | (12,392,962) | (4,574,789) | (68,579,665) |
Net increase (decrease) | 99,146 | 813,787 | (2,507,730) | (39,256,817) |
Institutional 2 Class | ||||
Subscriptions | 1,322,611 | 19,750,671 | 505,441 | 7,507,267 |
Distributions reinvested | 66,256 | 989,854 | 87,065 | 1,276,817 |
Redemptions | (240,704) | (3,571,696) | (399,153) | (5,986,153) |
Net increase | 1,148,163 | 17,168,829 | 193,353 | 2,797,931 |
Institutional 3 Class | ||||
Subscriptions | 5,103,692 | 68,869,566 | 4,413,726 | 64,981,120 |
Distributions reinvested | 849,054 | 12,073,550 | 1,241,280 | 17,368,334 |
Redemptions | (3,097,406) | (43,646,301) | (4,384,530) | (63,381,701) |
Net increase | 2,855,340 | 37,296,815 | 1,270,476 | 18,967,753 |
Total net increase (decrease) | 5,173,070 | 70,830,752 | (1,100,919) | (18,482,795) |
14 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 15 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $14.22 | 0.08 | 2.65 | 2.73 | (0.13) | (0.39) | (0.52) |
Year Ended 2/29/2020 | $13.95 | 0.24 | 0.77 | 1.01 | (0.12) | (0.62) | (0.74) |
Year Ended 2/28/2019 | $14.82 | 0.16 | 0.33 | 0.49 | (0.14) | (1.22) | (1.36) |
Year Ended 2/28/2018 | $13.16 | 0.09 | 2.36 | 2.45 | (0.08) | (0.71) | (0.79) |
Year Ended 2/28/2017 | $10.85 | 0.12 | 2.43 | 2.55 | (0.12) | (0.12) | (0.24) |
Year Ended 2/29/2016 | $12.86 | 0.05 | (0.62) | (0.57) | (0.20) | (1.24) | (1.44) |
Advisor Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $14.04 | 0.10 | 2.61 | 2.71 | (0.13) | (0.39) | (0.52) |
Year Ended 2/29/2020 | $13.78 | 0.26 | 0.78 | 1.04 | (0.16) | (0.62) | (0.78) |
Year Ended 2/28/2019 | $14.66 | 0.20 | 0.33 | 0.53 | (0.19) | (1.22) | (1.41) |
Year Ended 2/28/2018(g) | $13.61 | 0.11 | 1.63 | 1.74 | (0.10) | (0.59) | (0.69) |
Class C | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $12.92 | 0.02 | 2.41 | 2.43 | (0.11) | (0.39) | (0.50) |
Year Ended 2/29/2020 | $12.74 | 0.11 | 0.71 | 0.82 | (0.02) | (0.62) | (0.64) |
Year Ended 2/28/2019 | $13.64 | 0.05 | 0.31 | 0.36 | (0.04) | (1.22) | (1.26) |
Year Ended 2/28/2018 | $12.18 | (0.02) | 2.19 | 2.17 | — | (0.71) | (0.71) |
Year Ended 2/28/2017 | $10.07 | 0.03 | 2.24 | 2.27 | (0.04) | (0.12) | (0.16) |
Year Ended 2/29/2016 | $12.04 | (0.04) | (0.57) | (0.61) | (0.12) | (1.24) | (1.36) |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $14.10 | 0.09 | 2.64 | 2.73 | (0.13) | (0.39) | (0.52) |
Year Ended 2/29/2020 | $13.84 | 0.26 | 0.78 | 1.04 | (0.16) | (0.62) | (0.78) |
Year Ended 2/28/2019 | $14.71 | 0.19 | 0.34 | 0.53 | (0.18) | (1.22) | (1.40) |
Year Ended 2/28/2018 | $13.06 | 0.12 | 2.35 | 2.47 | (0.11) | (0.71) | (0.82) |
Year Ended 2/28/2017 | $10.78 | 0.15 | 2.40 | 2.55 | (0.15) | (0.12) | (0.27) |
Year Ended 2/29/2016 | $12.78 | 0.07 | (0.60) | (0.53) | (0.23) | (1.24) | (1.47) |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $14.55 | 0.10 | 2.74 | 2.84 | (0.14) | (0.39) | (0.53) |
Year Ended 2/29/2020 | $14.26 | 0.29 | 0.79 | 1.08 | (0.17) | (0.62) | (0.79) |
Year Ended 2/28/2019 | $15.11 | 0.22 | 0.34 | 0.56 | (0.19) | (1.22) | (1.41) |
Year Ended 2/28/2018 | $13.41 | 0.13 | 2.40 | 2.53 | (0.12) | (0.71) | (0.83) |
Year Ended 2/28/2017 | $11.05 | 0.15 | 2.49 | 2.64 | (0.16) | (0.12) | (0.28) |
Year Ended 2/29/2016 | $13.07 | 0.06 | (0.60) | (0.54) | (0.24) | (1.24) | (1.48) |
16 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
Proceeds from regulatory settlements | 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 8/31/2020 (Unaudited) | — | $16.43 | 19.64% | 1.17%(c) | 0.79%(c) | 1.05%(c) | 33% | $199,705 |
Year Ended 2/29/2020 | — | $14.22 | 7.30% | 1.18% | 0.80%(d) | 1.63% | 46% | $155,699 |
Year Ended 2/28/2019 | — | $13.95 | 3.61% | 1.19% | 0.80%(d) | 1.10% | 62% | $151,703 |
Year Ended 2/28/2018 | — | $14.82 | 18.87% | 1.19% | 1.13%(d) | 0.61% | 45% | $149,489 |
Year Ended 2/28/2017 | — | $13.16 | 23.66% | 1.22% | 1.17%(d) | 0.98% | 67% | $136,584 |
Year Ended 2/29/2016 | 0.00(e) | $10.85 | (5.38%)(f) | 1.25% | 1.18%(d) | 0.41% | 102% | $119,928 |
Advisor Class | ||||||||
Six Months Ended 8/31/2020 (Unaudited) | — | $16.23 | 19.80% | 0.92%(c) | 0.55%(c) | 1.35%(c) | 33% | $1,124 |
Year Ended 2/29/2020 | — | $14.04 | 7.58% | 0.93% | 0.55%(d) | 1.81% | 46% | $3,294 |
Year Ended 2/28/2019 | — | $13.78 | 3.88% | 0.94% | 0.55%(d) | 1.45% | 62% | $3,143 |
Year Ended 2/28/2018(g) | — | $14.66 | 12.96% | 0.97%(c) | 0.69%(c),(d) | 1.17%(c) | 45% | $240 |
Class C | ||||||||
Six Months Ended 8/31/2020 (Unaudited) | — | $14.85 | 19.28% | 1.92%(c) | 1.54%(c) | 0.31%(c) | 33% | $7,484 |
Year Ended 2/29/2020 | — | $12.92 | 6.45% | 1.93% | 1.55%(d) | 0.83% | 46% | $6,040 |
Year Ended 2/28/2019 | — | $12.74 | 2.85% | 1.94% | 1.55%(d) | 0.34% | 62% | $7,783 |
Year Ended 2/28/2018 | — | $13.64 | 18.03% | 1.94% | 1.87%(d) | (0.15%) | 45% | $8,199 |
Year Ended 2/28/2017 | — | $12.18 | 22.66% | 1.97% | 1.92%(d) | 0.23% | 67% | $5,692 |
Year Ended 2/29/2016 | 0.00(e) | $10.07 | (6.05%)(f) | 2.00% | 1.93%(d) | (0.35%) | 102% | $4,739 |
Institutional Class | ||||||||
Six Months Ended 8/31/2020 (Unaudited) | — | $16.31 | 19.86% | 0.92%(c) | 0.55%(c) | 1.31%(c) | 33% | $146,925 |
Year Ended 2/29/2020 | — | $14.10 | 7.54% | 0.93% | 0.55%(d) | 1.76% | 46% | $125,623 |
Year Ended 2/28/2019 | — | $13.84 | 3.90% | 0.94% | 0.55%(d) | 1.34% | 62% | $158,057 |
Year Ended 2/28/2018 | — | $14.71 | 19.21% | 0.94% | 0.88%(d) | 0.86% | 45% | $170,394 |
Year Ended 2/28/2017 | — | $13.06 | 23.83% | 0.97% | 0.92%(d) | 1.23% | 67% | $159,193 |
Year Ended 2/29/2016 | 0.00(e) | $10.78 | (5.09%)(f) | 1.00% | 0.93%(d) | 0.55% | 102% | $149,765 |
Institutional 2 Class | ||||||||
Six Months Ended 8/31/2020 (Unaudited) | — | $16.86 | 19.95% | 0.84%(c) | 0.46%(c) | 1.35%(c) | 33% | $45,622 |
Year Ended 2/29/2020 | — | $14.55 | 7.61% | 0.85% | 0.46% | 1.97% | 46% | $22,676 |
Year Ended 2/28/2019 | — | $14.26 | 4.01% | 0.84% | 0.46% | 1.53% | 62% | $19,466 |
Year Ended 2/28/2018 | — | $15.11 | 19.15% | 0.86% | 0.80% | 0.90% | 45% | $10,777 |
Year Ended 2/28/2017 | — | $13.41 | 24.09% | 0.86% | 0.83% | 1.21% | 67% | $269 |
Year Ended 2/29/2016 | 0.00(e) | $11.05 | (5.05%)(f) | 0.86% | 0.84% | 0.47% | 102% | $153 |
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 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 | |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $13.88 | 0.10 | 2.60 | 2.70 | (0.14) | (0.39) | (0.53) |
Year Ended 2/29/2020 | $13.63 | 0.29 | 0.76 | 1.05 | (0.18) | (0.62) | (0.80) |
Year Ended 2/28/2019 | $14.51 | 0.21 | 0.33 | 0.54 | (0.20) | (1.22) | (1.42) |
Year Ended 2/28/2018(h) | $13.08 | 0.14 | 2.13 | 2.27 | (0.13) | (0.71) | (0.84) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Rounds to zero. |
(f) | The Fund received proceeds from regulatory settlements. Had the Fund not received these proceeds, the total return would have been lower by 0.07%. |
(g) | Advisor Class shares commenced operations on July 5, 2017. Per share data and total return reflect activity from that date. |
(h) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
18 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
Proceeds from regulatory settlements | 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 8/31/2020 (Unaudited) | — | $16.05 | 19.92% | 0.79%(c) | 0.41%(c) | 1.43%(c) | 33% | $467,310 |
Year Ended 2/29/2020 | — | $13.88 | 7.72% | 0.80% | 0.42% | 2.04% | 46% | $364,432 |
Year Ended 2/28/2019 | — | $13.63 | 4.02% | 0.80% | 0.43% | 1.48% | 62% | $340,760 |
Year Ended 2/28/2018(h) | — | $14.51 | 17.63% | 0.81% | 0.76% | 0.98% | 45% | $330,311 |
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 19 |
August 31, 2020 (Unaudited)
20 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 21 |
August 31, 2020 (Unaudited)
22 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 556,767* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 553,647 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 1,018,384 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 7,966,613 |
* | Based on the ending quarterly outstanding amounts for the six months ended August 31, 2020. |
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 23 |
August 31, 2020 (Unaudited)
24 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 25 |
August 31, 2020 (Unaudited)
Effective rate (%) | |
Class A | 0.14 |
Advisor Class | 0.14 |
Class C | 0.14 |
Institutional Class | 0.14 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 50,294 |
Class C | — | 1.00(b) | 44 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
26 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
July 1, 2020 through June 30, 2021 | Prior to July 1, 2020 | |
Class A | 0.80% | 0.80% |
Advisor Class | 0.55 | 0.55 |
Class C | 1.55 | 1.55 |
Institutional Class | 0.55 | 0.55 |
Institutional 2 Class | 0.46 | 0.46 |
Institutional 3 Class | 0.41 | 0.42 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
566,575,000 | 318,600,000 | (15,215,000) | 303,385,000 |
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 27 |
August 31, 2020 (Unaudited)
28 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 29 |
August 31, 2020 (Unaudited)
30 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 31 |
Nature, extent and quality of services provided by Columbia Threadneedle
32 | Columbia Select Large Cap Equity Fund | Semiannual Report 2020 |
The Board considered the reports of its independent fee consultant, JDL Consultants, LLC (JDL), which assisted in the Board’s analysis of the Funds’ performance and expenses, the reasonableness of the Funds’ fee rates, and JDL’s conclusion that the management fees being charged to the Fund are reasonable. The Board accorded particular weight to the notion that the 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 defined exceptions) are generally in line with the "pricing philosophy" currently in effect (i.e., 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 below the peer universe’s median expense ratio shown in the reports. Based on its review, the Board concluded that the Fund’s management fee was fair and reasonable in light of the extent and quality of services that the Fund receives.
Columbia Select Large Cap Equity Fund | Semiannual Report 2020 | 33 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
August 31, 2020
(Unaudited)
Average annual total returns (%) (for the period ended August 31, 2020) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | 10/10/95 | 19.35 | 21.37 | 13.94 | 14.65 | |
Institutional Class | 12/15/93 | 19.51 | 21.69 | 14.23 | 14.94 | |
Institutional 2 Class* | 11/08/12 | 19.51 | 21.67 | 14.23 | 14.94 | |
Institutional 3 Class* | 03/01/17 | 19.51 | 21.67 | 14.24 | 14.95 | |
S&P 500 Index | 19.63 | 21.94 | 14.46 | 15.16 |
* | 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 Large Cap Index Fund | Semiannual Report 2020 | 3 |
(Unaudited)
Portfolio breakdown (%) (at August 31, 2020) | |
Common Stocks | 98.3 |
Money Market Funds | 1.7 |
Warrants | 0.0(a) |
Total | 100.0 |
(a) | Rounds to zero. |
Equity sector breakdown (%) (at August 31, 2020) | |
Communication Services | 11.1 |
Consumer Discretionary | 11.5 |
Consumer Staples | 6.9 |
Energy | 2.3 |
Financials | 9.6 |
Health Care | 14.0 |
Industrials | 8.0 |
Information Technology | 28.7 |
Materials | 2.5 |
Real Estate | 2.6 |
Utilities | 2.8 |
Total | 100.0 |
4 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
(Unaudited)
March 1, 2020 — August 31, 2020 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,193.50 | 1,023.06 | 2.50 | 2.31 | 0.45 |
Institutional Class | 1,000.00 | 1,000.00 | 1,195.10 | 1,024.33 | 1.11 | 1.03 | 0.20 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,195.10 | 1,024.33 | 1.11 | 1.03 | 0.20 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,195.10 | 1,024.33 | 1.11 | 1.03 | 0.20 |
Columbia Large Cap Index Fund | Semiannual Report 2020 | 5 |
August 31, 2020 (Unaudited)
Common Stocks 98.4% | ||
Issuer | Shares | Value ($) |
Communication Services 10.9% | ||
Diversified Telecommunication Services 1.6% | ||
AT&T, Inc. | 863,752 | 25,748,447 |
CenturyLink, Inc. | 119,741 | 1,287,216 |
Verizon Communications, Inc. | 501,643 | 29,732,381 |
Total | 56,768,044 | |
Entertainment 2.0% | ||
Activision Blizzard, Inc. | 93,410 | 7,801,603 |
Electronic Arts, Inc.(a) | 35,002 | 4,881,729 |
Live Nation Entertainment, Inc.(a) | 17,220 | 978,096 |
Netflix, Inc.(a) | 53,317 | 28,234,551 |
Take-Two Interactive Software, Inc.(a) | 13,812 | 2,364,476 |
Walt Disney Co. (The) | 218,975 | 28,876,233 |
Total | 73,136,688 | |
Interactive Media & Services 5.8% | ||
Alphabet, Inc., Class A(a) | 36,377 | 59,277,413 |
Alphabet, Inc., Class C(a) | 35,455 | 57,939,852 |
Facebook, Inc., Class A(a) | 291,501 | 85,468,093 |
Twitter, Inc.(a) | 95,119 | 3,859,929 |
Total | 206,545,287 | |
Media 1.3% | ||
Charter Communications, Inc., Class A(a) | 18,266 | 11,244,732 |
Comcast Corp., Class A | 552,167 | 24,742,603 |
Discovery, Inc., Class A(a) | 19,396 | 427,973 |
Discovery, Inc., Class C(a) | 38,346 | 765,770 |
DISH Network Corp., Class A(a) | 31,175 | 1,107,336 |
Fox Corp., Class A | 41,534 | 1,157,137 |
Fox Corp., Class B | 19,311 | 536,846 |
Interpublic Group of Companies, Inc. (The) | 47,231 | 838,823 |
News Corp., Class A | 47,138 | 712,727 |
News Corp., Class B | 14,758 | 222,403 |
Omnicom Group, Inc. | 25,980 | 1,405,258 |
ViacomCBS, Inc., Class B | 65,538 | 1,825,233 |
Total | 44,986,841 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Wireless Telecommunication Services 0.2% | ||
T-Mobile USA, Inc.(a) | 70,580 | 8,235,274 |
Total Communication Services | 389,672,134 | |
Consumer Discretionary 11.2% | ||
Auto Components 0.1% | ||
Aptiv PLC | 32,498 | 2,798,728 |
BorgWarner, Inc. | 25,132 | 1,020,108 |
Total | 3,818,836 | |
Automobiles 0.2% | ||
Ford Motor Co. | 473,547 | 3,229,591 |
General Motors Co. | 152,670 | 4,523,612 |
Total | 7,753,203 | |
Distributors 0.1% | ||
Genuine Parts Co. | 17,488 | 1,651,567 |
LKQ Corp.(a) | 36,845 | 1,169,460 |
Total | 2,821,027 | |
Diversified Consumer Services 0.0% | ||
H&R Block, Inc. | 23,338 | 338,401 |
Hotels, Restaurants & Leisure 1.6% | ||
Carnival Corp. | 57,431 | 946,463 |
Chipotle Mexican Grill, Inc.(a) | 3,115 | 4,081,522 |
Darden Restaurants, Inc. | 15,748 | 1,364,879 |
Domino’s Pizza, Inc. | 4,740 | 1,938,470 |
Hilton Worldwide Holdings, Inc. | 33,614 | 3,037,361 |
Las Vegas Sands Corp. | 40,740 | 2,065,926 |
Marriott International, Inc., Class A | 32,629 | 3,357,850 |
McDonald’s Corp. | 90,136 | 19,245,839 |
MGM Resorts International | 59,797 | 1,345,433 |
Norwegian Cruise Line Holdings Ltd.(a) | 33,093 | 566,221 |
Royal Caribbean Cruises Ltd. | 20,817 | 1,433,042 |
Starbucks Corp. | 141,603 | 11,961,206 |
Wynn Resorts Ltd. | 11,769 | 1,029,199 |
Yum! Brands, Inc. | 36,487 | 3,497,279 |
Total | 55,870,690 |
6 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Durables 0.4% | ||
D.R. Horton, Inc. | 40,104 | 2,862,223 |
Garmin Ltd. | 17,597 | 1,823,225 |
Leggett & Platt, Inc. | 16,035 | 657,435 |
Lennar Corp., Class A | 33,292 | 2,490,907 |
Mohawk Industries, Inc.(a) | 7,213 | 665,976 |
Newell Brands, Inc. | 46,272 | 739,427 |
NVR, Inc.(a) | 420 | 1,750,703 |
PulteGroup, Inc. | 30,561 | 1,362,715 |
Whirlpool Corp. | 7,532 | 1,338,587 |
Total | 13,691,198 | |
Internet & Direct Marketing Retail 5.3% | ||
Amazon.com, Inc.(a) | 50,790 | 175,274,258 |
Booking Holdings, Inc.(a) | 4,962 | 9,479,653 |
eBay, Inc. | 80,069 | 4,386,180 |
Expedia Group, Inc. | 16,419 | 1,611,525 |
Total | 190,751,616 | |
Leisure Products 0.0% | ||
Hasbro, Inc. | 15,442 | 1,218,991 |
Multiline Retail 0.5% | ||
Dollar General Corp. | 30,511 | 6,159,561 |
Dollar Tree, Inc.(a) | 28,758 | 2,768,532 |
Kohl’s Corp. | 19,119 | 408,382 |
Target Corp. | 60,614 | 9,165,443 |
Total | 18,501,918 | |
Specialty Retail 2.4% | ||
Advance Auto Parts, Inc. | 8,377 | 1,309,409 |
AutoZone, Inc.(a) | 2,827 | 3,381,968 |
Best Buy Co., Inc. | 27,552 | 3,055,792 |
CarMax, Inc.(a) | 19,734 | 2,110,157 |
Gap, Inc. (The) | 25,806 | 448,766 |
Home Depot, Inc. (The) | 130,383 | 37,164,370 |
L Brands, Inc. | 28,294 | 831,844 |
Lowe’s Companies, Inc. | 91,527 | 15,073,582 |
O’Reilly Automotive, Inc.(a) | 8,998 | 4,189,739 |
Ross Stores, Inc. | 43,085 | 3,924,182 |
Tiffany & Co. | 13,241 | 1,622,022 |
TJX Companies, Inc. (The) | 145,222 | 7,956,713 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Tractor Supply Co. | 14,017 | 2,086,150 |
Ulta Beauty, Inc.(a) | 6,825 | 1,584,629 |
Total | 84,739,323 | |
Textiles, Apparel & Luxury Goods 0.6% | ||
Hanesbrands, Inc. | 42,188 | 645,054 |
Nike, Inc., Class B | 150,327 | 16,820,088 |
PVH Corp. | 8,595 | 479,257 |
Ralph Lauren Corp. | 5,791 | 398,595 |
Tapestry, Inc. | 33,468 | 492,984 |
Under Armour, Inc., Class A(a) | 22,845 | 224,109 |
Under Armour, Inc., Class C(a) | 23,822 | 210,825 |
VF Corp. | 38,650 | 2,541,237 |
Total | 21,812,149 | |
Total Consumer Discretionary | 401,317,352 | |
Consumer Staples 6.8% | ||
Beverages 1.6% | ||
Brown-Forman Corp., Class B | 22,110 | 1,617,789 |
Coca-Cola Co. (The) | 468,595 | 23,209,510 |
Constellation Brands, Inc., Class A | 20,357 | 3,755,459 |
Molson Coors Beverage Co., Class B | 22,799 | 858,154 |
Monster Beverage Corp.(a) | 45,317 | 3,800,284 |
PepsiCo, Inc. | 168,210 | 23,559,493 |
Total | 56,800,689 | |
Food & Staples Retailing 1.5% | ||
Costco Wholesale Corp. | 53,529 | 18,609,892 |
Kroger Co. (The) | 95,309 | 3,400,625 |
Sysco Corp. | 61,540 | 3,701,016 |
Walgreens Boots Alliance, Inc. | 89,329 | 3,396,288 |
Walmart, Inc. | 171,656 | 23,834,436 |
Total | 52,942,257 | |
Food Products 1.1% | ||
Archer-Daniels-Midland Co. | 67,341 | 3,014,183 |
Campbell Soup Co. | 20,516 | 1,079,347 |
ConAgra Foods, Inc. | 59,049 | 2,265,120 |
General Mills, Inc. | 73,483 | 4,699,238 |
Hershey Co. (The) | 17,869 | 2,656,048 |
Hormel Foods Corp. | 33,976 | 1,732,096 |
JM Smucker Co. (The) | 13,826 | 1,661,609 |
Columbia Large Cap Index Fund | Semiannual Report 2020 | 7 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Kellogg Co. | 30,326 | 2,150,417 |
Kraft Heinz Co. (The) | 75,539 | 2,646,886 |
Lamb Weston Holdings, Inc. | 17,703 | 1,112,633 |
McCormick & Co., Inc. | 14,993 | 3,091,557 |
Mondelez International, Inc., Class A | 173,045 | 10,109,289 |
Tyson Foods, Inc., Class A | 35,678 | 2,240,578 |
Total | 38,459,001 | |
Household Products 1.7% | ||
Church & Dwight Co., Inc. | 29,813 | 2,856,980 |
Clorox Co. (The) | 15,168 | 3,390,048 |
Colgate-Palmolive Co. | 103,831 | 8,229,645 |
Kimberly-Clark Corp. | 41,286 | 6,513,279 |
Procter & Gamble Co. (The) | 300,118 | 41,515,323 |
Total | 62,505,275 | |
Personal Products 0.2% | ||
Coty, Inc., Class A | 36,078 | 129,159 |
Estee Lauder Companies, Inc. (The), Class A | 27,251 | 6,042,092 |
Total | 6,171,251 | |
Tobacco 0.7% | ||
Altria Group, Inc. | 225,283 | 9,853,878 |
Philip Morris International, Inc. | 188,769 | 15,061,879 |
Total | 24,915,757 | |
Total Consumer Staples | 241,794,230 | |
Energy 2.3% | ||
Energy Equipment & Services 0.2% | ||
Baker Hughes Co. | 79,413 | 1,134,017 |
Halliburton Co. | 106,354 | 1,720,808 |
National Oilwell Varco, Inc. | 47,066 | 564,792 |
Schlumberger NV | 168,245 | 3,198,337 |
TechnipFMC PLC | 50,987 | 392,600 |
Total | 7,010,554 | |
Oil, Gas & Consumable Fuels 2.1% | ||
Apache Corp. | 45,754 | 677,159 |
Cabot Oil & Gas Corp. | 48,316 | 916,555 |
Chevron Corp. | 226,328 | 18,995,709 |
Concho Resources, Inc. | 23,842 | 1,239,307 |
ConocoPhillips Co. | 130,005 | 4,925,890 |
Devon Energy Corp. | 46,399 | 504,357 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Diamondback Energy, Inc. | 19,128 | 745,227 |
EOG Resources, Inc. | 70,562 | 3,199,281 |
Exxon Mobil Corp.(b) | 512,579 | 20,472,405 |
Hess Corp. | 31,648 | 1,457,074 |
HollyFrontier Corp. | 18,058 | 431,045 |
Kinder Morgan, Inc. | 235,775 | 3,258,411 |
Marathon Oil Corp. | 95,811 | 505,882 |
Marathon Petroleum Corp. | 78,835 | 2,795,489 |
Noble Energy, Inc. | 58,154 | 578,632 |
Occidental Petroleum Corp. | 109,109 | 1,390,049 |
ONEOK, Inc. | 53,332 | 1,465,563 |
Phillips 66 | 52,935 | 3,095,109 |
Pioneer Natural Resources Co. | 19,983 | 2,076,833 |
Valero Energy Corp. | 49,425 | 2,599,261 |
Williams Companies, Inc. (The) | 147,074 | 3,053,256 |
Total | 74,382,494 | |
Total Energy | 81,393,048 | |
Financials 9.5% | ||
Banks 3.3% | ||
Bank of America Corp. | 946,557 | 24,364,377 |
Citigroup, Inc. | 252,373 | 12,901,308 |
Citizens Financial Group, Inc. | 51,716 | 1,337,893 |
Comerica, Inc. | 16,854 | 666,239 |
Fifth Third Bancorp | 86,304 | 1,783,041 |
First Republic Bank | 20,790 | 2,347,399 |
Huntington Bancshares, Inc. | 122,955 | 1,157,006 |
JPMorgan Chase & Co. | 369,390 | 37,009,184 |
KeyCorp | 118,245 | 1,456,778 |
M&T Bank Corp. | 15,547 | 1,605,383 |
People’s United Financial, Inc. | 51,476 | 544,616 |
PNC Financial Services Group, Inc. (The) | 51,433 | 5,719,350 |
Regions Financial Corp. | 116,018 | 1,341,168 |
SVB Financial Group(a) | 6,249 | 1,595,870 |
Truist Financial Corp. | 163,356 | 6,339,846 |
U.S. Bancorp | 166,175 | 6,048,770 |
Wells Fargo & Co. | 452,308 | 10,923,238 |
Zions Bancorp | 19,867 | 638,923 |
Total | 117,780,389 |
8 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Capital Markets 2.5% | ||
Ameriprise Financial, Inc.(c) | 14,829 | 2,325,187 |
Bank of New York Mellon Corp. (The) | 97,678 | 3,612,132 |
BlackRock, Inc. | 18,705 | 11,114,324 |
Cboe Global Markets, Inc. | 13,297 | 1,220,532 |
Charles Schwab Corp. (The) | 138,904 | 4,935,259 |
CME Group, Inc. | 43,473 | 7,645,596 |
E*TRADE Financial Corp. | 26,800 | 1,449,880 |
Franklin Resources, Inc. | 33,625 | 708,142 |
Goldman Sachs Group, Inc. (The) | 37,522 | 7,687,132 |
Intercontinental Exchange, Inc. | 66,335 | 7,046,767 |
Invesco Ltd. | 45,618 | 465,304 |
MarketAxess Holdings, Inc. | 4,600 | 2,235,324 |
Moody’s Corp. | 19,548 | 5,759,623 |
Morgan Stanley | 145,173 | 7,586,741 |
MSCI, Inc. | 10,303 | 3,845,801 |
Nasdaq, Inc. | 13,924 | 1,871,664 |
Northern Trust Corp. | 25,221 | 2,065,348 |
Raymond James Financial, Inc. | 14,780 | 1,119,142 |
S&P Global, Inc. | 29,199 | 10,699,098 |
State Street Corp. | 42,663 | 2,904,924 |
T. Rowe Price Group, Inc. | 27,583 | 3,839,829 |
Total | 90,137,749 | |
Consumer Finance 0.4% | ||
American Express Co. | 80,023 | 8,129,536 |
Capital One Financial Corp. | 55,201 | 3,810,525 |
Discover Financial Services | 37,136 | 1,971,179 |
Synchrony Financial | 65,100 | 1,615,131 |
Total | 15,526,371 | |
Diversified Financial Services 1.5% | ||
Berkshire Hathaway, Inc., Class B(a) | 235,668 | 51,385,051 |
Insurance 1.8% | ||
Aflac, Inc. | 86,980 | 3,159,114 |
Allstate Corp. (The) | 38,083 | 3,541,719 |
American International Group, Inc. | 104,418 | 3,042,740 |
Aon PLC, Class A | 28,011 | 5,601,920 |
Arthur J Gallagher & Co. | 22,992 | 2,421,058 |
Assurant, Inc. | 7,234 | 879,365 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Chubb Ltd. | 54,721 | 6,840,125 |
Cincinnati Financial Corp. | 18,292 | 1,452,568 |
Everest Re Group Ltd. | 4,846 | 1,066,508 |
Globe Life, Inc. | 11,868 | 978,873 |
Hartford Financial Services Group, Inc. (The) | 43,404 | 1,755,692 |
Lincoln National Corp. | 23,426 | 844,507 |
Loews Corp. | 29,342 | 1,052,204 |
Marsh & McLennan Companies, Inc. | 61,849 | 7,107,068 |
MetLife, Inc. | 93,523 | 3,596,894 |
Principal Financial Group, Inc. | 30,873 | 1,300,062 |
Progressive Corp. (The) | 70,952 | 6,743,278 |
Prudential Financial, Inc. | 47,883 | 3,245,031 |
Travelers Companies, Inc. (The) | 30,655 | 3,557,206 |
Unum Group | 24,662 | 455,754 |
Willis Towers Watson PLC | 15,605 | 3,207,296 |
WR Berkley Corp. | 17,120 | 1,062,296 |
Total | 62,911,278 | |
Total Financials | 337,740,838 | |
Health Care 13.7% | ||
Biotechnology 2.1% | ||
AbbVie, Inc. | 213,648 | 20,461,069 |
Alexion Pharmaceuticals, Inc.(a) | 26,772 | 3,057,898 |
Amgen, Inc. | 71,309 | 18,063,996 |
Biogen, Inc.(a) | 19,784 | 5,690,670 |
Gilead Sciences, Inc. | 152,019 | 10,147,268 |
Incyte Corp.(a) | 21,870 | 2,107,174 |
Regeneron Pharmaceuticals, Inc.(a) | 12,232 | 7,582,984 |
Vertex Pharmaceuticals, Inc.(a) | 31,434 | 8,773,858 |
Total | 75,884,917 | |
Health Care Equipment & Supplies 3.8% | ||
Abbott Laboratories | 214,431 | 23,473,762 |
ABIOMED, Inc.(a) | 5,452 | 1,677,144 |
Align Technology, Inc.(a) | 8,692 | 2,581,350 |
Baxter International, Inc. | 61,683 | 5,370,739 |
Becton Dickinson and Co. | 35,752 | 8,679,513 |
Boston Scientific Corp.(a) | 173,198 | 7,104,582 |
Cooper Companies, Inc. (The) | 5,955 | 1,872,133 |
Danaher Corp. | 76,286 | 15,750,770 |
Dentsply Sirona, Inc. | 26,561 | 1,191,792 |
Columbia Large Cap Index Fund | Semiannual Report 2020 | 9 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
DexCom, Inc.(a) | 11,190 | 4,760,338 |
Edwards Lifesciences Corp.(a) | 75,118 | 6,448,129 |
Hologic, Inc.(a) | 31,300 | 1,869,236 |
IDEXX Laboratories, Inc.(a) | 10,299 | 4,027,527 |
Intuitive Surgical, Inc.(a) | 14,141 | 10,334,808 |
Medtronic PLC | 162,576 | 17,472,043 |
ResMed, Inc. | 17,542 | 3,171,243 |
STERIS PLC | 10,300 | 1,644,292 |
Stryker Corp. | 39,083 | 7,744,687 |
Teleflex, Inc. | 5,630 | 2,212,308 |
Varian Medical Systems, Inc.(a) | 11,007 | 1,911,586 |
West Pharmaceutical Services, Inc. | 8,920 | 2,532,923 |
Zimmer Biomet Holdings, Inc. | 25,070 | 3,531,862 |
Total | 135,362,767 | |
Health Care Providers & Services 2.5% | ||
AmerisourceBergen Corp. | 17,999 | 1,746,443 |
Anthem, Inc. | 30,568 | 8,605,503 |
Cardinal Health, Inc. | 35,396 | 1,796,701 |
Centene Corp.(a) | 70,205 | 4,304,971 |
Cigna Corp. | 44,735 | 7,934,647 |
CVS Health Corp. | 158,457 | 9,843,349 |
DaVita, Inc.(a) | 10,337 | 896,838 |
HCA Healthcare, Inc. | 31,929 | 4,333,404 |
Henry Schein, Inc.(a) | 17,303 | 1,149,611 |
Humana, Inc. | 16,030 | 6,655,175 |
Laboratory Corp. of America Holdings(a) | 11,785 | 2,071,214 |
McKesson Corp. | 19,626 | 3,011,414 |
Quest Diagnostics, Inc. | 16,216 | 1,803,868 |
UnitedHealth Group, Inc. | 114,966 | 35,932,623 |
Universal Health Services, Inc., Class B | 9,415 | 1,038,945 |
Total | 91,124,706 | |
Health Care Technology 0.1% | ||
Cerner Corp. | 36,894 | 2,706,913 |
Life Sciences Tools & Services 1.2% | ||
Agilent Technologies, Inc. | 37,428 | 3,758,520 |
Bio-Rad Laboratories, Inc., Class A(a) | 2,590 | 1,317,248 |
Illumina, Inc.(a) | 17,823 | 6,366,732 |
IQVIA Holdings, Inc.(a) | 21,525 | 3,524,719 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Mettler-Toledo International, Inc.(a) | 2,902 | 2,817,203 |
PerkinElmer, Inc. | 13,505 | 1,589,809 |
Thermo Fisher Scientific, Inc. | 47,880 | 20,539,562 |
Waters Corp.(a) | 7,507 | 1,623,464 |
Total | 41,537,257 | |
Pharmaceuticals 4.0% | ||
Bristol-Myers Squibb Co. | 274,299 | 17,061,398 |
Eli Lilly and Co. | 102,098 | 15,150,322 |
Johnson & Johnson | 319,387 | 48,997,160 |
Merck & Co., Inc. | 305,989 | 26,091,682 |
Mylan NV(a) | 62,672 | 1,026,567 |
Perrigo Co. PLC | 16,527 | 864,362 |
Pfizer, Inc. | 673,403 | 25,447,899 |
Zoetis, Inc. | 57,580 | 9,218,558 |
Total | 143,857,948 | |
Total Health Care | 490,474,508 | |
Industrials 7.9% | ||
Aerospace & Defense 1.6% | ||
Boeing Co. (The) | 64,991 | 11,166,754 |
General Dynamics Corp. | 28,170 | 4,207,189 |
Howmet Aerospace, Inc. | 46,525 | 815,118 |
Huntington Ingalls Industries, Inc. | 4,905 | 743,206 |
L3 Harris Technologies, Inc. | 26,172 | 4,730,327 |
Lockheed Martin Corp. | 29,922 | 11,677,360 |
Northrop Grumman Corp. | 18,797 | 6,440,040 |
Raytheon Technologies Corp. | 178,297 | 10,876,117 |
Teledyne Technologies, Inc.(a) | 4,440 | 1,392,428 |
Textron, Inc. | 27,602 | 1,088,347 |
TransDigm Group, Inc. | 6,095 | 3,045,489 |
Total | 56,182,375 | |
Air Freight & Logistics 0.7% | ||
CH Robinson Worldwide, Inc. | 16,317 | 1,603,961 |
Expeditors International of Washington, Inc. | 20,176 | 1,783,357 |
FedEx Corp. | 29,135 | 6,405,038 |
United Parcel Service, Inc., Class B | 85,356 | 13,965,949 |
Total | 23,758,305 |
10 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Airlines 0.2% | ||
Alaska Air Group, Inc. | 14,859 | 578,758 |
American Airlines Group, Inc. | 60,249 | 786,250 |
Delta Air Lines, Inc. | 68,813 | 2,122,881 |
Southwest Airlines Co. | 65,018 | 2,443,376 |
United Airlines Holdings, Inc.(a) | 30,630 | 1,102,680 |
Total | 7,033,945 | |
Building Products 0.4% | ||
Allegion PLC | 11,176 | 1,155,487 |
AO Smith Corp. | 16,376 | 801,933 |
Carrier Global Corp. | 98,705 | 2,946,344 |
Fortune Brands Home & Security, Inc. | 16,941 | 1,424,399 |
Johnson Controls International PLC | 90,173 | 3,672,746 |
Masco Corp. | 31,977 | 1,864,259 |
Trane Technologies PLC | 28,998 | 3,433,073 |
Total | 15,298,241 | |
Commercial Services & Supplies 0.4% | ||
Cintas Corp. | 10,220 | 3,405,713 |
Copart, Inc.(a) | 25,048 | 2,587,959 |
Republic Services, Inc. | 25,473 | 2,361,857 |
Rollins, Inc. | 17,086 | 942,122 |
Waste Management, Inc. | 47,070 | 5,365,980 |
Total | 14,663,631 | |
Construction & Engineering 0.1% | ||
Jacobs Engineering Group, Inc. | 15,769 | 1,423,467 |
Quanta Services, Inc. | 16,691 | 855,414 |
Total | 2,278,881 | |
Electrical Equipment 0.4% | ||
AMETEK, Inc. | 27,818 | 2,801,273 |
Eaton Corp. PLC | 48,492 | 4,951,033 |
Emerson Electric Co. | 72,433 | 5,031,921 |
Rockwell Automation, Inc. | 14,044 | 3,237,563 |
Total | 16,021,790 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Industrial Conglomerates 1.1% | ||
3M Co. | 69,733 | 11,367,874 |
General Electric Co. | 1,060,399 | 6,722,930 |
Honeywell International, Inc. | 85,083 | 14,085,490 |
Roper Technologies, Inc. | 12,657 | 5,406,944 |
Total | 37,583,238 | |
Machinery 1.5% | ||
Caterpillar, Inc. | 65,612 | 9,337,244 |
Cummins, Inc. | 17,888 | 3,707,288 |
Deere & Co. | 37,925 | 7,966,526 |
Dover Corp. | 17,455 | 1,917,257 |
Flowserve Corp. | 15,770 | 468,054 |
Fortive Corp. | 35,940 | 2,591,633 |
IDEX Corp. | 9,140 | 1,647,302 |
Illinois Tool Works, Inc. | 34,851 | 6,884,815 |
Ingersoll Rand, Inc.(a) | 41,922 | 1,469,785 |
Otis Worldwide Corp. | 49,347 | 3,103,926 |
PACCAR, Inc. | 41,907 | 3,597,297 |
Parker-Hannifin Corp. | 15,559 | 3,205,310 |
Pentair PLC | 20,092 | 906,953 |
Snap-On, Inc. | 6,587 | 976,654 |
Stanley Black & Decker, Inc. | 18,680 | 3,013,084 |
Westinghouse Air Brake Technologies Corp. | 21,916 | 1,458,510 |
Xylem, Inc. | 21,813 | 1,748,966 |
Total | 54,000,604 | |
Professional Services 0.3% | ||
Equifax, Inc. | 14,718 | 2,476,598 |
IHS Markit Ltd. | 48,358 | 3,864,771 |
Nielsen Holdings PLC | 43,213 | 660,295 |
Robert Half International, Inc. | 13,890 | 738,948 |
Verisk Analytics, Inc. | 19,674 | 3,672,545 |
Total | 11,413,157 | |
Road & Rail 1.0% | ||
CSX Corp. | 92,796 | 7,095,182 |
JB Hunt Transport Services, Inc. | 10,232 | 1,438,006 |
Kansas City Southern | 11,522 | 2,097,465 |
Norfolk Southern Corp. | 31,053 | 6,599,694 |
Columbia Large Cap Index Fund | Semiannual Report 2020 | 11 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Old Dominion Freight Line, Inc. | 11,440 | 2,312,939 |
Union Pacific Corp. | 82,259 | 15,829,922 |
Total | 35,373,208 | |
Trading Companies & Distributors 0.2% | ||
Fastenal Co. | 69,442 | 3,392,936 |
United Rentals, Inc.(a) | 8,734 | 1,546,355 |
W.W. Grainger, Inc. | 5,247 | 1,917,411 |
Total | 6,856,702 | |
Total Industrials | 280,464,077 | |
Information Technology 28.2% | ||
Communications Equipment 0.8% | ||
Arista Networks, Inc.(a) | 6,512 | 1,455,106 |
Cisco Systems, Inc. | 514,114 | 21,705,893 |
F5 Networks, Inc.(a) | 7,384 | 977,125 |
Juniper Networks, Inc. | 40,167 | 1,004,175 |
Motorola Solutions, Inc. | 20,613 | 3,189,862 |
Total | 28,332,161 | |
Electronic Equipment, Instruments & Components 0.5% | ||
Amphenol Corp., Class A | 35,874 | 3,938,965 |
CDW Corp. | 17,250 | 1,960,463 |
Corning, Inc. | 92,011 | 2,986,677 |
FLIR Systems, Inc. | 15,861 | 585,271 |
IPG Photonics Corp.(a) | 4,310 | 697,056 |
Keysight Technologies, Inc.(a) | 22,677 | 2,234,138 |
TE Connectivity Ltd. | 39,986 | 3,862,648 |
Zebra Technologies Corp., Class A(a) | 6,440 | 1,845,253 |
Total | 18,110,471 | |
IT Services 5.5% | ||
Accenture PLC, Class A | 77,223 | 18,528,114 |
Akamai Technologies, Inc.(a) | 19,676 | 2,290,877 |
Automatic Data Processing, Inc. | 52,099 | 7,246,450 |
Broadridge Financial Solutions, Inc. | 13,916 | 1,912,058 |
Cognizant Technology Solutions Corp., Class A | 65,534 | 4,381,603 |
DXC Technology Co. | 30,765 | 614,685 |
Fidelity National Information Services, Inc. | 74,900 | 11,298,665 |
Fiserv, Inc.(a) | 68,177 | 6,789,066 |
FleetCor Technologies, Inc.(a) | 10,158 | 2,554,229 |
Gartner, Inc.(a) | 10,814 | 1,403,873 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Global Payments, Inc. | 36,258 | 6,403,888 |
International Business Machines Corp. | 107,638 | 13,272,842 |
Jack Henry & Associates, Inc. | 9,285 | 1,535,925 |
Leidos Holdings, Inc. | 16,190 | 1,465,033 |
MasterCard, Inc., Class A | 107,144 | 38,377,909 |
Paychex, Inc. | 38,698 | 2,959,236 |
PayPal Holdings, Inc.(a) | 142,342 | 29,057,696 |
VeriSign, Inc.(a) | 12,321 | 2,646,551 |
Visa, Inc., Class A | 204,524 | 43,357,043 |
Western Union Co. (The) | 49,815 | 1,175,136 |
Total | 197,270,879 | |
Semiconductors & Semiconductor Equipment 4.7% | ||
Advanced Micro Devices, Inc.(a) | 141,978 | 12,894,442 |
Analog Devices, Inc. | 44,664 | 5,220,328 |
Applied Materials, Inc. | 111,108 | 6,844,253 |
Broadcom, Inc. | 48,468 | 16,825,666 |
Intel Corp. | 513,287 | 26,151,973 |
KLA Corp. | 18,796 | 3,855,811 |
Lam Research Corp. | 17,596 | 5,918,239 |
Maxim Integrated Products, Inc. | 32,326 | 2,212,391 |
Microchip Technology, Inc. | 29,744 | 3,262,917 |
Micron Technology, Inc.(a) | 134,826 | 6,135,931 |
NVIDIA Corp. | 74,567 | 39,891,854 |
Qorvo, Inc.(a) | 13,905 | 1,783,594 |
QUALCOMM, Inc. | 136,372 | 16,241,905 |
Skyworks Solutions, Inc. | 20,222 | 2,929,157 |
Texas Instruments, Inc. | 111,257 | 15,815,183 |
Xilinx, Inc. | 29,474 | 3,070,012 |
Total | 169,053,656 | |
Software 9.3% | ||
Adobe, Inc.(a) | 58,410 | 29,987,110 |
ANSYS, Inc.(a) | 10,416 | 3,531,128 |
Autodesk, Inc.(a) | 26,571 | 6,528,495 |
Cadence Design Systems, Inc.(a) | 33,843 | 3,753,527 |
Citrix Systems, Inc. | 14,063 | 2,041,948 |
Fortinet, Inc.(a) | 16,262 | 2,146,665 |
Intuit, Inc. | 31,609 | 10,917,433 |
Microsoft Corp. | 919,329 | 207,336,269 |
NortonLifeLock, Inc. | 65,695 | 1,545,146 |
12 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Oracle Corp. | 252,326 | 14,438,094 |
Paycom Software, Inc.(a) | 5,850 | 1,751,841 |
Salesforce.com, Inc.(a) | 109,227 | 29,780,742 |
ServiceNow, Inc.(a) | 23,120 | 11,144,302 |
Synopsys, Inc.(a) | 18,276 | 4,044,479 |
Tyler Technologies, Inc.(a) | 4,820 | 1,664,394 |
Total | 330,611,573 | |
Technology Hardware, Storage & Peripherals 7.4% | ||
Apple, Inc. | 1,975,688 | 254,942,780 |
Hewlett Packard Enterprise Co. | 155,751 | 1,506,112 |
HP, Inc. | 173,349 | 3,388,973 |
NetApp, Inc. | 26,814 | 1,270,715 |
Seagate Technology PLC | 27,372 | 1,313,582 |
Western Digital Corp. | 36,334 | 1,395,952 |
Xerox Holdings Corp. | 22,200 | 418,692 |
Total | 264,236,806 | |
Total Information Technology | 1,007,615,546 | |
Materials 2.5% | ||
Chemicals 1.8% | ||
Air Products & Chemicals, Inc. | 26,778 | 7,826,138 |
Albemarle Corp. | 12,885 | 1,172,664 |
Celanese Corp., Class A | 14,336 | 1,450,086 |
CF Industries Holdings, Inc. | 25,923 | 845,868 |
Corteva, Inc. | 90,719 | 2,590,027 |
Dow, Inc. | 89,793 | 4,051,460 |
DuPont de Nemours, Inc. | 88,959 | 4,960,354 |
Eastman Chemical Co. | 16,470 | 1,204,122 |
Ecolab, Inc. | 29,976 | 5,907,670 |
FMC Corp. | 15,689 | 1,676,527 |
International Flavors & Fragrances, Inc. | 12,952 | 1,603,328 |
Linde PLC | 63,671 | 15,901,196 |
LyondellBasell Industries NV, Class A | 31,155 | 2,040,029 |
Mosaic Co. (The) | 42,271 | 770,600 |
PPG Industries, Inc. | 28,600 | 3,443,440 |
Sherwin-Williams Co. (The) | 9,794 | 6,572,264 |
Total | 62,015,773 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Construction Materials 0.1% | ||
Martin Marietta Materials, Inc. | 7,550 | 1,531,668 |
Vulcan Materials Co. | 16,055 | 1,926,600 |
Total | 3,458,268 | |
Containers & Packaging 0.3% | ||
Amcor PLC | 190,870 | 2,111,022 |
Avery Dennison Corp. | 10,099 | 1,165,324 |
Ball Corp. | 39,521 | 3,176,303 |
International Paper Co. | 47,651 | 1,728,302 |
Packaging Corp. of America | 11,494 | 1,163,652 |
Sealed Air Corp. | 18,872 | 741,670 |
WestRock Co. | 31,429 | 953,241 |
Total | 11,039,514 | |
Metals & Mining 0.3% | ||
Freeport-McMoRan, Inc. | 176,019 | 2,747,657 |
Newmont Corp. | 97,296 | 6,546,075 |
Nucor Corp. | 36,507 | 1,659,608 |
Total | 10,953,340 | |
Total Materials | 87,466,895 | |
Real Estate 2.6% | ||
Equity Real Estate Investment Trusts (REITS) 2.5% | ||
Alexandria Real Estate Equities, Inc. | 15,300 | 2,576,214 |
American Tower Corp. | 53,744 | 13,390,318 |
Apartment Investment & Management Co., Class A | 18,044 | 650,125 |
AvalonBay Communities, Inc. | 17,063 | 2,696,978 |
Boston Properties, Inc. | 17,517 | 1,521,702 |
Crown Castle International Corp. | 50,525 | 8,248,206 |
Digital Realty Trust, Inc. | 32,529 | 5,063,139 |
Duke Realty Corp. | 44,663 | 1,721,759 |
Equinix, Inc. | 10,730 | 8,474,339 |
Equity Residential | 42,401 | 2,393,536 |
Essex Property Trust, Inc. | 7,933 | 1,717,574 |
Extra Space Storage, Inc. | 15,651 | 1,667,614 |
Federal Realty Investment Trust | 8,530 | 675,917 |
Healthpeak Properties, Inc. | 65,254 | 1,803,621 |
Host Hotels & Resorts, Inc. | 85,464 | 959,761 |
Iron Mountain, Inc. | 34,902 | 1,050,201 |
Kimco Realty Corp. | 52,436 | 628,708 |
Columbia Large Cap Index Fund | Semiannual Report 2020 | 13 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Mid-America Apartment Communities, Inc. | 13,867 | 1,624,103 |
ProLogis, Inc. | 89,539 | 9,120,443 |
Public Storage | 18,227 | 3,871,415 |
Realty Income Corp. | 41,630 | 2,582,309 |
Regency Centers Corp. | 20,563 | 816,557 |
SBA Communications Corp. | 13,531 | 4,141,433 |
Simon Property Group, Inc. | 37,065 | 2,514,860 |
SL Green Realty Corp. | 9,277 | 433,792 |
UDR, Inc. | 35,753 | 1,244,562 |
Ventas, Inc. | 45,231 | 1,863,969 |
Vornado Realty Trust | 19,229 | 688,975 |
Welltower, Inc. | 50,610 | 2,911,087 |
Weyerhaeuser Co. | 90,464 | 2,741,964 |
Total | 89,795,181 | |
Real Estate Management & Development 0.1% | ||
CBRE Group, Inc., Class A(a) | 40,631 | 1,910,876 |
Total Real Estate | 91,706,057 | |
Utilities 2.8% | ||
Electric Utilities 1.7% | ||
Alliant Energy Corp. | 30,249 | 1,637,983 |
American Electric Power Co., Inc. | 60,081 | 4,736,185 |
Duke Energy Corp. | 89,083 | 7,156,928 |
Edison International | 45,813 | 2,404,266 |
Entergy Corp. | 24,263 | 2,405,434 |
Evergy, Inc. | 27,485 | 1,462,752 |
Eversource Energy | 40,791 | 3,496,197 |
Exelon Corp. | 118,128 | 4,360,105 |
FirstEnergy Corp. | 65,677 | 1,877,705 |
NextEra Energy, Inc. | 59,331 | 16,563,435 |
NRG Energy, Inc. | 29,588 | 1,018,123 |
Pinnacle West Capital Corp. | 13,639 | 1,000,421 |
PPL Corp. | 93,200 | 2,575,116 |
Southern Co. (The) | 128,016 | 6,679,875 |
Xcel Energy, Inc. | 63,646 | 4,421,806 |
Total | 61,796,331 | |
Gas Utilities 0.1% | ||
Atmos Energy Corp. | 14,830 | 1,480,330 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Independent Power and Renewable Electricity Producers 0.0% | ||
AES Corp. (The) | 80,606 | 1,430,756 |
Multi-Utilities 0.9% | ||
Ameren Corp. | 29,928 | 2,367,604 |
CenterPoint Energy, Inc. | 66,029 | 1,325,202 |
CMS Energy Corp. | 34,698 | 2,098,882 |
Consolidated Edison, Inc. | 40,506 | 2,889,698 |
Dominion Energy, Inc. | 101,738 | 7,980,329 |
DTE Energy Co. | 23,348 | 2,770,707 |
NiSource, Inc. | 46,404 | 1,028,313 |
Public Service Enterprise Group, Inc. | 61,295 | 3,202,051 |
Sempra Energy | 35,466 | 4,385,371 |
WEC Energy Group, Inc. | 38,241 | 3,597,713 |
Total | 31,645,870 | |
Water Utilities 0.1% | ||
American Water Works Co., Inc. | 21,943 | 3,101,424 |
Total Utilities | 99,454,711 | |
Total Common Stocks (Cost $1,132,222,047) | 3,509,099,396 | |
Warrants 0.0% | ||
Energy 0.0% | ||
Oil, Gas & Consumable Fuels 0.0% | ||
Occidental Petroleum Corp.(a) | 13,917 | 41,055 |
Total Energy | 41,055 | |
Total Warrants (Cost $250,726) | 41,055 | |
Money Market Funds 1.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.149%(c),(d) | 61,015,331 | 61,015,331 |
Total Money Market Funds (Cost $61,008,523) | 61,015,331 | |
Total Investments in Securities (Cost: $1,193,481,296) | 3,570,155,782 | |
Other Assets & Liabilities, Net | (2,032,874) | |
Net Assets | 3,568,122,908 |
14 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
S&P 500 Index E-mini | 356 | 09/2020 | USD | 62,280,420 | 4,876,965 | — |
(a) | Non-income producing investment. |
(b) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended August 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Ameriprise Financial, Inc. | ||||||||
2,233,812 | 122,905 | (146,477) | 114,947 | 2,325,187 | 115,845 | 31,531 | 14,829 | |
Columbia Short-Term Cash Fund, 0.149% | ||||||||
31,165,087 | 474,018,925 | (444,174,627) | 5,946 | 61,015,331 | (28,994) | 109,500 | 61,015,331 | |
Total | 120,893 | 63,340,518 | 86,851 | 141,031 |
(d) | The rate shown is the seven-day current annualized yield at August 31, 2020. |
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Columbia Large Cap Index Fund | Semiannual Report 2020 | 15 |
August 31, 2020 (Unaudited)
methodologies; events that require specific valuation determinations and assessment of fair value techniques; securities with a potential for stale pricing, including those that are illiquid, restricted, or in default; and the effectiveness of third party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. The Committee reports to the Board, with members of the Committee meeting with the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 389,672,134 | — | — | 389,672,134 |
Consumer Discretionary | 401,317,352 | — | — | 401,317,352 |
Consumer Staples | 241,794,230 | — | — | 241,794,230 |
Energy | 81,393,048 | — | — | 81,393,048 |
Financials | 337,740,838 | — | — | 337,740,838 |
Health Care | 490,474,508 | — | — | 490,474,508 |
Industrials | 280,464,077 | — | — | 280,464,077 |
Information Technology | 1,007,615,546 | — | — | 1,007,615,546 |
Materials | 87,466,895 | — | — | 87,466,895 |
Real Estate | 91,706,057 | — | — | 91,706,057 |
Utilities | 99,454,711 | — | — | 99,454,711 |
Total Common Stocks | 3,509,099,396 | — | — | 3,509,099,396 |
Warrants | ||||
Energy | 41,055 | — | — | 41,055 |
Total Warrants | 41,055 | — | — | 41,055 |
Money Market Funds | 61,015,331 | — | — | 61,015,331 |
Total Investments in Securities | 3,570,155,782 | — | — | 3,570,155,782 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 4,876,965 | — | — | 4,876,965 |
Total | 3,575,032,747 | — | — | 3,575,032,747 |
16 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,132,159,386) | $3,506,815,264 |
Affiliated issuers (cost $61,321,910) | 63,340,518 |
Receivable for: | |
Capital shares sold | 1,486,719 |
Dividends | 5,438,321 |
Foreign tax reclaims | 1,969 |
Variation margin for futures contracts | 1,900 |
Expense reimbursement due from Investment Manager | 115 |
Total assets | 3,577,084,806 |
Liabilities | |
Payable for: | |
Capital shares purchased | 8,532,461 |
Variation margin for futures contracts | 114,680 |
Management services fees | 58,763 |
Distribution and/or service fees | 12,486 |
Compensation of board members | 243,508 |
Total liabilities | 8,961,898 |
Net assets applicable to outstanding capital stock | $3,568,122,908 |
Represented by | |
Paid in capital | 1,102,105,509 |
Total distributable earnings (loss) | 2,466,017,399 |
Total - representing net assets applicable to outstanding capital stock | $3,568,122,908 |
Class A | |
Net assets | $606,530,025 |
Shares outstanding | 11,197,863 |
Net asset value per share | $54.16 |
Institutional Class | |
Net assets | $2,369,459,948 |
Shares outstanding | 43,421,134 |
Net asset value per share | $54.57 |
Institutional 2 Class | |
Net assets | $375,890,625 |
Shares outstanding | 6,771,055 |
Net asset value per share | $55.51 |
Institutional 3 Class | |
Net assets | $216,242,310 |
Shares outstanding | 4,034,393 |
Net asset value per share | $53.60 |
Columbia Large Cap Index Fund | Semiannual Report 2020 | 17 |
Six Months Ended August 31, 2020 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $34,390,993 |
Dividends — affiliated issuers | 141,031 |
Interfund lending | 62 |
Total income | 34,532,086 |
Expenses: | |
Management services fees | 3,168,026 |
Distribution and/or service fees | |
Class A | 702,572 |
Compensation of board members | 24,087 |
Total expenses | 3,894,685 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (15,407) |
Total net expenses | 3,879,278 |
Net investment income | 30,652,808 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 66,014,902 |
Investments — affiliated issuers | 86,851 |
Futures contracts | 8,815,283 |
Net realized gain | 74,917,036 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 494,367,495 |
Investments — affiliated issuers | 120,893 |
Futures contracts | 7,723,335 |
Net change in unrealized appreciation (depreciation) | 502,211,723 |
Net realized and unrealized gain | 577,128,759 |
Net increase in net assets resulting from operations | $607,781,567 |
18 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
Six Months Ended August 31, 2020 (Unaudited) | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $30,652,808 | $63,437,690 |
Net realized gain | 74,917,036 | 222,971,954 |
Net change in unrealized appreciation (depreciation) | 502,211,723 | (15,110,160) |
Net increase in net assets resulting from operations | 607,781,567 | 271,299,484 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (21,542,891) | (66,153,830) |
Institutional Class | (80,378,114) | (219,833,585) |
Institutional 2 Class | (11,853,233) | (33,886,772) |
Institutional 3 Class | (6,550,484) | (10,828,920) |
Total distributions to shareholders | (120,324,722) | (330,703,107) |
Increase (decrease) in net assets from capital stock activity | 1,112,080 | (103,762,339) |
Total increase (decrease) in net assets | 488,568,925 | (163,165,962) |
Net assets at beginning of period | 3,079,553,983 | 3,242,719,945 |
Net assets at end of period | $3,568,122,908 | $3,079,553,983 |
Columbia Large Cap Index Fund | Semiannual Report 2020 | 19 |
Six Months Ended | Year Ended | |||
August 31, 2020 (Unaudited) | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 1,464,611 | 66,971,500 | 2,673,174 | 133,945,597 |
Distributions reinvested | 418,431 | 20,009,344 | 1,227,614 | 60,363,226 |
Redemptions | (2,982,234) | (137,154,732) | (6,644,814) | (333,488,086) |
Net decrease | (1,099,192) | (50,173,888) | (2,744,026) | (139,179,263) |
Institutional Class | ||||
Subscriptions | 3,701,283 | 170,689,529 | 7,474,928 | 374,259,348 |
Distributions reinvested | 1,405,119 | 67,656,494 | 3,690,482 | 182,829,027 |
Redemptions | (6,725,585) | (311,111,487) | (10,074,191) | (505,004,711) |
Net increase (decrease) | (1,619,183) | (72,765,464) | 1,091,219 | 52,083,664 |
Institutional 2 Class | ||||
Subscriptions | 1,207,925 | 57,662,903 | 1,465,664 | 75,091,232 |
Distributions reinvested | 239,268 | 11,719,332 | 670,343 | 33,706,797 |
Redemptions | (1,137,739) | (55,467,736) | (2,495,254) | (127,811,335) |
Net increase (decrease) | 309,454 | 13,914,499 | (359,247) | (19,013,306) |
Institutional 3 Class | ||||
Subscriptions | 6,257,635 | 257,341,397 | 3,171,942 | 154,038,825 |
Distributions reinvested | 138,470 | 6,548,256 | 223,497 | 10,825,775 |
Redemptions | (3,460,997) | (153,752,720) | (3,247,613) | (162,518,034) |
Net increase | 2,935,108 | 110,136,933 | 147,826 | 2,346,566 |
Total net increase (decrease) | 526,187 | 1,112,080 | (1,864,228) | (103,762,339) |
20 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $47.14 | 0.41 | 8.47 | 8.88 | (0.14) | (1.72) | (1.86) |
Year Ended 2/29/2020 | $48.30 | 0.84 | 2.97 | 3.81 | (0.88) | (4.09) | (4.97) |
Year Ended 2/28/2019 | $50.42 | 0.81 | 1.18 | 1.99 | (0.83) | (3.28) | (4.11) |
Year Ended 2/28/2018 | $45.16 | 0.73 | 6.65 | 7.38 | (0.77) | (1.35) | (2.12) |
Year Ended 2/28/2017 | $37.05 | 0.73 | 8.24 | 8.97 | (0.73) | (0.13) | (0.86) |
Year Ended 2/29/2016 | $40.60 | 0.64 | (3.24) | (2.60) | (0.85) | (0.10) | (0.95) |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $47.44 | 0.48 | 8.53 | 9.01 | (0.16) | (1.72) | (1.88) |
Year Ended 2/29/2020 | $48.57 | 0.98 | 2.98 | 3.96 | (1.00) | (4.09) | (5.09) |
Year Ended 2/28/2019 | $50.68 | 0.94 | 1.18 | 2.12 | (0.95) | (3.28) | (4.23) |
Year Ended 2/28/2018 | $45.38 | 0.85 | 6.69 | 7.54 | (0.89) | (1.35) | (2.24) |
Year Ended 2/28/2017 | $37.22 | 0.84 | 8.28 | 9.12 | (0.83) | (0.13) | (0.96) |
Year Ended 2/29/2016 | $40.78 | 0.75 | (3.26) | (2.51) | (0.95) | (0.10) | (1.05) |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $48.23 | 0.49 | 8.67 | 9.16 | (0.16) | (1.72) | (1.88) |
Year Ended 2/29/2020 | $49.30 | 0.99 | 3.03 | 4.02 | (1.00) | (4.09) | (5.09) |
Year Ended 2/28/2019 | $51.38 | 0.95 | 1.20 | 2.15 | (0.95) | (3.28) | (4.23) |
Year Ended 2/28/2018 | $45.98 | 0.87 | 6.77 | 7.64 | (0.89) | (1.35) | (2.24) |
Year Ended 2/28/2017 | $37.70 | 0.85 | 8.39 | 9.24 | (0.83) | (0.13) | (0.96) |
Year Ended 2/29/2016 | $41.29 | 0.84 | (3.38) | (2.54) | (0.95) | (0.10) | (1.05) |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $46.63 | 0.46 | 8.39 | 8.85 | (0.16) | (1.72) | (1.88) |
Year Ended 2/29/2020 | $47.81 | 0.98 | 2.93 | 3.91 | (1.00) | (4.09) | (5.09) |
Year Ended 2/28/2019 | $49.95 | 0.92 | 1.17 | 2.09 | (0.95) | (3.28) | (4.23) |
Year Ended 2/28/2018(g) | $45.37 | 0.98 | 5.84 | 6.82 | (0.89) | (1.35) | (2.24) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Ratios include interfund lending expense which is less than 0.01%. |
(f) | Ratios include line of credit interest expense which is less than 0.01%. |
(g) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
22 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $54.16 | 19.35% | 0.45%(c) | 0.45%(c) | 1.72%(c) | 8% | $606,530 |
Year Ended 2/29/2020 | $47.14 | 7.70% | 0.45% | 0.45%(d) | 1.68% | 7% | $579,726 |
Year Ended 2/28/2019 | $48.30 | 4.19% | 0.45%(e) | 0.45%(d),(e) | 1.64% | 6% | $726,445 |
Year Ended 2/28/2018 | $50.42 | 16.59% | 0.45% | 0.45%(d) | 1.53% | 2% | $954,529 |
Year Ended 2/28/2017 | $45.16 | 24.40% | 0.45%(f) | 0.45%(d),(f) | 1.77% | 4% | $1,071,791 |
Year Ended 2/29/2016 | $37.05 | (6.57%) | 0.45% | 0.45%(d) | 1.63% | 11% | $993,376 |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $54.57 | 19.51% | 0.20%(c) | 0.20%(c) | 1.97%(c) | 8% | $2,369,460 |
Year Ended 2/29/2020 | $47.44 | 7.97% | 0.20% | 0.20%(d) | 1.94% | 7% | $2,136,890 |
Year Ended 2/28/2019 | $48.57 | 4.46% | 0.20%(e) | 0.20%(d),(e) | 1.89% | 6% | $2,134,512 |
Year Ended 2/28/2018 | $50.68 | 16.88% | 0.20% | 0.20%(d) | 1.78% | 2% | $2,390,677 |
Year Ended 2/28/2017 | $45.38 | 24.72% | 0.20%(f) | 0.20%(d),(f) | 2.02% | 4% | $2,259,128 |
Year Ended 2/29/2016 | $37.22 | (6.34%) | 0.20% | 0.20%(d) | 1.88% | 11% | $1,975,099 |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $55.51 | 19.51% | 0.20%(c) | 0.20%(c) | 1.99%(c) | 8% | $375,891 |
Year Ended 2/29/2020 | $48.23 | 7.97% | 0.20% | 0.20% | 1.93% | 7% | $311,674 |
Year Ended 2/28/2019 | $49.30 | 4.45% | 0.20%(e) | 0.20%(e) | 1.89% | 6% | $336,271 |
Year Ended 2/28/2018 | $51.38 | 16.87% | 0.20% | 0.20% | 1.78% | 2% | $372,379 |
Year Ended 2/28/2017 | $45.98 | 24.73% | 0.20%(f) | 0.20%(f) | 2.02% | 4% | $361,419 |
Year Ended 2/29/2016 | $37.70 | (6.33%) | 0.20% | 0.20% | 2.12% | 11% | $273,170 |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $53.60 | 19.51% | 0.20%(c) | 0.20%(c) | 1.95%(c) | 8% | $216,242 |
Year Ended 2/29/2020 | $46.63 | 7.99% | 0.20% | 0.20% | 1.98% | 7% | $51,264 |
Year Ended 2/28/2019 | $47.81 | 4.46% | 0.20%(e) | 0.20%(e) | 1.91% | 6% | $45,493 |
Year Ended 2/28/2018(g) | $49.95 | 15.29% | 0.21% | 0.20% | 2.01% | 2% | $552 |
Columbia Large Cap Index Fund | Semiannual Report 2020 | 23 |
August 31, 2020 (Unaudited)
24 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Large Cap Index Fund | Semiannual Report 2020 | 25 |
August 31, 2020 (Unaudited)
26 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 4,876,965* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 8,815,283 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 7,723,335 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 81,029,010 |
* | Based on the ending quarterly outstanding amounts for the six months ended August 31, 2020. |
Columbia Large Cap Index Fund | Semiannual Report 2020 | 27 |
August 31, 2020 (Unaudited)
28 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Large Cap Index Fund | Semiannual Report 2020 | 29 |
August 31, 2020 (Unaudited)
Fee rate(s) contractual through June 30, 2021 | |
Class A | 0.45% |
Institutional Class | 0.20 |
Institutional 2 Class | 0.20 |
Institutional 3 Class | 0.20 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,193,481,000 | 2,460,750,000 | (79,198,000) | 2,381,552,000 |
30 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 3,600,000 | 0.61 | 1 |
Columbia Large Cap Index Fund | Semiannual Report 2020 | 31 |
August 31, 2020 (Unaudited)
32 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Large Cap Index Fund | Semiannual Report 2020 | 33 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
34 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
Nature, extent and quality of services provided by Columbia Threadneedle
Columbia Large Cap Index Fund | Semiannual Report 2020 | 35 |
The Board considered the reports of its independent fee consultant, JDL Consultants, LLC (JDL), which assisted in the Board’s analysis of the Funds’ performance and expenses, the reasonableness of the Funds’ fee rates, and JDL’s conclusion that the management fees being charged to the Fund are reasonable. The Board accorded particular weight to the notion that the 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 defined exceptions) are generally in line with the "pricing philosophy" currently in effect (i.e., 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 below the peer universe’s median expense ratio shown in the reports. Based on its review, the Board concluded that the Fund’s management fee was fair and reasonable in light of the extent and quality of services that the Fund receives.
36 | Columbia Large Cap Index Fund | Semiannual Report 2020 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
August 31, 2020
(Unaudited)
Average annual total returns (%) (for the period ended August 31, 2020) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 12/31/97 | 38.43 | 47.00 | 18.09 | 16.99 |
Including sales charges | 30.46 | 38.52 | 16.70 | 16.30 | ||
Advisor Class* | 11/08/12 | 38.62 | 47.35 | 18.38 | 17.21 | |
Class C | Excluding sales charges | 12/31/97 | 37.87 | 45.87 | 17.20 | 16.12 |
Including sales charges | 36.87 | 44.87 | 17.20 | 16.12 | ||
Institutional Class | 12/31/97 | 38.63 | 47.37 | 18.39 | 17.29 | |
Institutional 2 Class* | 12/11/13 | 38.66 | 47.44 | 18.48 | 17.26 | |
Institutional 3 Class* | 03/01/17 | 38.69 | 47.52 | 18.40 | 17.14 | |
Class R* | 10/26/16 | 38.25 | 46.60 | 17.79 | 16.70 | |
Russell 1000 Growth Index | 36.94 | 44.34 | 20.66 | 19.02 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. Since the Fund launched more than one class of shares at its inception, Class A shares were used. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 3 |
(Unaudited)
Portfolio breakdown (%) (at August 31, 2020) | |
Common Stocks | 99.8 |
Money Market Funds | 0.2 |
Total | 100.0 |
Equity sector breakdown (%) (at August 31, 2020) | |
Communication Services | 12.4 |
Consumer Discretionary | 18.6 |
Consumer Staples | 2.0 |
Financials | 1.7 |
Health Care | 12.0 |
Industrials | 5.6 |
Information Technology | 46.0 |
Real Estate | 1.7 |
Total | 100.0 |
4 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
(Unaudited)
March 1, 2020 — August 31, 2020 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,384.30 | 1,020.02 | 6.34 | 5.38 | 1.05 |
Advisor Class | 1,000.00 | 1,000.00 | 1,386.20 | 1,021.29 | 4.84 | 4.10 | 0.80 |
Class C | 1,000.00 | 1,000.00 | 1,378.70 | 1,016.27 | 10.79 | 9.15 | 1.79 |
Institutional Class | 1,000.00 | 1,000.00 | 1,386.30 | 1,021.29 | 4.84 | 4.10 | 0.80 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,386.60 | 1,021.64 | 4.42 | 3.74 | 0.73 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,386.90 | 1,021.85 | 4.17 | 3.54 | 0.69 |
Class R | 1,000.00 | 1,000.00 | 1,382.50 | 1,018.80 | 7.79 | 6.60 | 1.29 |
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 5 |
August 31, 2020 (Unaudited)
Common Stocks 99.8% | ||
Issuer | Shares | Value ($) |
Communication Services 12.4% | ||
Entertainment 1.5% | ||
Electronic Arts, Inc.(a) | 186,935 | 26,071,824 |
Interactive Media & Services 9.4% | ||
Alphabet, Inc., Class A(a) | 50,615 | 82,478,661 |
Facebook, Inc., Class A(a) | 297,418 | 87,202,958 |
Total | 169,681,619 | |
Media 1.5% | ||
Comcast Corp., Class A | 619,901 | 27,777,764 |
Total Communication Services | 223,531,207 | |
Consumer Discretionary 18.6% | ||
Automobiles 2.9% | ||
Tesla Motors, Inc.(a) | 105,030 | 52,338,550 |
Hotels, Restaurants & Leisure 1.7% | ||
Starbucks Corp. | 352,179 | 29,748,560 |
Internet & Direct Marketing Retail 9.0% | ||
Alibaba Group Holding Ltd., ADR(a) | 35,958 | 10,321,025 |
Amazon.com, Inc.(a) | 44,082 | 152,125,218 |
Total | 162,446,243 | |
Multiline Retail 1.4% | ||
Target Corp. | 168,952 | 25,547,232 |
Specialty Retail 2.3% | ||
Home Depot, Inc. (The) | 144,047 | 41,059,157 |
Textiles, Apparel & Luxury Goods 1.3% | ||
lululemon athletica, Inc.(a) | 62,468 | 23,467,353 |
Total Consumer Discretionary | 334,607,095 | |
Consumer Staples 2.0% | ||
Food & Staples Retailing 2.0% | ||
Costco Wholesale Corp. | 102,455 | 35,619,505 |
Total Consumer Staples | 35,619,505 | |
Financials 1.6% | ||
Banks 0.6% | ||
Citigroup, Inc. | 223,139 | 11,406,866 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Insurance 1.0% | ||
Allstate Corp. (The) | 196,594 | 18,283,242 |
Total Financials | 29,690,108 | |
Health Care 12.0% | ||
Biotechnology 1.9% | ||
Alexion Pharmaceuticals, Inc.(a) | 123,953 | 14,157,911 |
BioMarin Pharmaceutical, Inc.(a) | 144,490 | 11,274,555 |
Exact Sciences Corp.(a) | 102,390 | 7,708,943 |
Total | 33,141,409 | |
Health Care Equipment & Supplies 4.4% | ||
Abbott Laboratories | 277,214 | 30,346,617 |
Danaher Corp. | 115,497 | 23,846,666 |
Medtronic PLC | 238,271 | 25,606,984 |
Total | 79,800,267 | |
Health Care Providers & Services 1.2% | ||
Humana, Inc. | 52,985 | 21,997,782 |
Life Sciences Tools & Services 1.2% | ||
IQVIA Holdings, Inc.(a) | 131,859 | 21,591,911 |
Pharmaceuticals 3.3% | ||
Bristol-Myers Squibb Co. | 441,883 | 27,485,123 |
Eli Lilly and Co. | 219,331 | 32,546,527 |
Total | 60,031,650 | |
Total Health Care | 216,563,019 | |
Industrials 5.6% | ||
Aerospace & Defense 1.4% | ||
L3 Harris Technologies, Inc. | 95,735 | 17,303,144 |
Spirit AeroSystems Holdings, Inc., Class A | 360,452 | 7,410,893 |
Total | 24,714,037 | |
Electrical Equipment 1.4% | ||
AMETEK, Inc. | 249,239 | 25,098,367 |
Machinery 1.4% | ||
Caterpillar, Inc. | 177,821 | 25,305,707 |
Road & Rail 1.4% | ||
Norfolk Southern Corp. | 119,824 | 25,466,195 |
Total Industrials | 100,584,306 |
6 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Information Technology 45.9% | ||
Electronic Equipment, Instruments & Components 2.6% | ||
TE Connectivity Ltd. | 217,610 | 21,021,126 |
Trimble Navigation Ltd.(a) | 509,706 | 26,713,691 |
Total | 47,734,817 | |
IT Services 8.6% | ||
Fidelity National Information Services, Inc. | 157,038 | 23,689,183 |
MasterCard, Inc., Class A | 169,216 | 60,611,479 |
PayPal Holdings, Inc.(a) | 235,294 | 48,032,917 |
Visa, Inc., Class A | 107,804 | 22,853,370 |
Total | 155,186,949 | |
Semiconductors & Semiconductor Equipment 6.4% | ||
Broadcom, Inc. | 103,459 | 35,915,792 |
Lam Research Corp. | 71,250 | 23,964,225 |
NVIDIA Corp. | 103,120 | 55,167,137 |
Total | 115,047,154 | |
Software 18.6% | ||
Adobe, Inc.(a) | 105,019 | 53,915,704 |
Bill.com Holdings, Inc.(a) | 101,954 | 10,091,407 |
Coupa Software, Inc.(a) | 35,246 | 11,551,524 |
Intuit, Inc. | 90,853 | 31,379,718 |
Microsoft Corp. | 753,283 | 169,887,915 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
ServiceNow, Inc.(a) | 74,047 | 35,692,135 |
VMware, Inc., Class A(a) | 162,484 | 23,469,189 |
Total | 335,987,592 | |
Technology Hardware, Storage & Peripherals 9.7% | ||
Apple, Inc. | 1,347,416 | 173,870,561 |
Total Information Technology | 827,827,073 | |
Real Estate 1.7% | ||
Equity Real Estate Investment Trusts (REITS) 1.7% | ||
Equinix, Inc. | 38,713 | 30,574,753 |
Total Real Estate | 30,574,753 | |
Total Common Stocks (Cost $927,526,546) | 1,798,997,066 | |
Money Market Funds 0.2% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.149%(b),(c) | 3,269,418 | 3,269,418 |
Total Money Market Funds (Cost $3,269,361) | 3,269,418 | |
Total Investments in Securities (Cost: $930,795,907) | 1,802,266,484 | |
Other Assets & Liabilities, Net | (741,630) | |
Net Assets | 1,801,524,854 |
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at August 31, 2020. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended August 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.149% | ||||||||
5,011,288 | 167,278,830 | (169,020,716) | 16 | 3,269,418 | (719) | 13,600 | 3,269,418 |
ADR | American Depositary Receipt |
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 7 |
August 31, 2020 (Unaudited)
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 223,531,207 | — | — | 223,531,207 |
Consumer Discretionary | 334,607,095 | — | — | 334,607,095 |
Consumer Staples | 35,619,505 | — | — | 35,619,505 |
Financials | 29,690,108 | — | — | 29,690,108 |
Health Care | 216,563,019 | — | — | 216,563,019 |
Industrials | 100,584,306 | — | — | 100,584,306 |
Information Technology | 827,827,073 | — | — | 827,827,073 |
Real Estate | 30,574,753 | — | — | 30,574,753 |
Total Common Stocks | 1,798,997,066 | — | — | 1,798,997,066 |
Money Market Funds | 3,269,418 | — | — | 3,269,418 |
Total Investments in Securities | 1,802,266,484 | — | — | 1,802,266,484 |
8 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $927,526,546) | $1,798,997,066 |
Affiliated issuers (cost $3,269,361) | 3,269,418 |
Cash | 461 |
Receivable for: | |
Capital shares sold | 277,369 |
Dividends | 1,141,874 |
Expense reimbursement due from Investment Manager | 7,358 |
Prepaid expenses | 8,462 |
Total assets | 1,803,702,008 |
Liabilities | |
Payable for: | |
Capital shares purchased | 1,308,463 |
Management services fees | 103,560 |
Distribution and/or service fees | 28,037 |
Transfer agent fees | 189,532 |
Compensation of board members | 480,989 |
Compensation of chief compliance officer | 177 |
Other expenses | 66,396 |
Total liabilities | 2,177,154 |
Net assets applicable to outstanding capital stock | $1,801,524,854 |
Represented by | |
Paid in capital | 826,680,878 |
Total distributable earnings (loss) | 974,843,976 |
Total - representing net assets applicable to outstanding capital stock | $1,801,524,854 |
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 9 |
August 31, 2020 (Unaudited)
Class A | |
Net assets | $1,168,774,307 |
Shares outstanding | 51,136,106 |
Net asset value per share | $22.86 |
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) | $24.25 |
Advisor Class | |
Net assets | $22,464,138 |
Shares outstanding | 856,735 |
Net asset value per share | $26.22 |
Class C | |
Net assets | $35,953,925 |
Shares outstanding | 2,559,110 |
Net asset value per share | $14.05 |
Institutional Class | |
Net assets | $522,763,968 |
Shares outstanding | 20,678,523 |
Net asset value per share | $25.28 |
Institutional 2 Class | |
Net assets | $26,014,085 |
Shares outstanding | 979,376 |
Net asset value per share | $26.56 |
Institutional 3 Class | |
Net assets | $1,286,294 |
Shares outstanding | 50,507 |
Net asset value per share | $25.47 |
Class R | |
Net assets | $24,268,137 |
Shares outstanding | 1,057,877 |
Net asset value per share | $22.94 |
10 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
Six Months Ended August 31, 2020 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $7,134,650 |
Dividends — affiliated issuers | 13,600 |
Foreign taxes withheld | (8,587) |
Total income | 7,139,663 |
Expenses: | |
Management services fees | 5,409,986 |
Distribution and/or service fees | |
Class A | 1,220,594 |
Class C | 179,699 |
Class R | 53,317 |
Transfer agent fees | |
Class A | 615,934 |
Advisor Class | 11,575 |
Class C | 22,741 |
Institutional Class | 272,541 |
Institutional 2 Class | 6,120 |
Institutional 3 Class | 94 |
Class R | 13,468 |
Compensation of board members | 8,684 |
Custodian fees | 6,037 |
Printing and postage fees | 51,007 |
Registration fees | 55,985 |
Audit fees | 14,993 |
Legal fees | 13,053 |
Compensation of chief compliance officer | 161 |
Other | 16,865 |
Total expenses | 7,972,854 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (517,211) |
Total net expenses | 7,455,643 |
Net investment loss | (315,980) |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 106,277,039 |
Investments — affiliated issuers | (719) |
Net realized gain | 106,276,320 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 404,503,120 |
Investments — affiliated issuers | 16 |
Net change in unrealized appreciation (depreciation) | 404,503,136 |
Net realized and unrealized gain | 510,779,456 |
Net increase in net assets resulting from operations | $510,463,476 |
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 11 |
Six Months Ended August 31, 2020 (Unaudited) | Year Ended February 29, 2020 | |
Operations | ||
Net investment loss | $(315,980) | $(1,522,137) |
Net realized gain | 106,276,320 | 218,112,706 |
Net change in unrealized appreciation (depreciation) | 404,503,136 | (18,779,714) |
Net increase in net assets resulting from operations | 510,463,476 | 197,810,855 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (65,855,751) | (91,976,806) |
Advisor Class | (1,080,956) | (2,372,940) |
Class C | (3,792,103) | (6,218,009) |
Institutional Class | (26,485,508) | (39,564,337) |
Institutional 2 Class | (1,237,076) | (1,589,099) |
Institutional 3 Class | (64,191) | (73,495) |
Class R | (1,429,305) | (2,241,486) |
Total distributions to shareholders | (99,944,890) | (144,036,172) |
Decrease in net assets from capital stock activity | (29,546,306) | (157,007,442) |
Total increase (decrease) in net assets | 380,972,280 | (103,232,759) |
Net assets at beginning of period | 1,420,552,574 | 1,523,785,333 |
Net assets at end of period | $1,801,524,854 | $1,420,552,574 |
12 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
Six Months Ended | Year Ended | |||
August 31, 2020 (Unaudited) | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 1,885,661 | 35,827,937 | 2,942,055 | 53,053,134 |
Distributions reinvested | 2,399,710 | 45,498,503 | 3,565,912 | 63,599,348 |
Redemptions | (4,880,603) | (92,753,307) | (8,884,378) | (162,380,630) |
Net decrease | (595,232) | (11,426,867) | (2,376,411) | (45,728,148) |
Advisor Class | ||||
Subscriptions | 64,803 | 1,454,810 | 152,256 | 3,126,971 |
Distributions reinvested | 49,678 | 1,080,000 | 117,417 | 2,371,747 |
Redemptions | (144,964) | (2,887,171) | (747,396) | (15,204,476) |
Net decrease | (30,483) | (352,361) | (477,723) | (9,705,758) |
Class C | ||||
Subscriptions | 125,897 | 1,486,161 | 180,883 | 2,159,733 |
Distributions reinvested | 271,399 | 3,167,226 | 432,903 | 5,020,316 |
Redemptions | (1,099,467) | (13,287,020) | (2,251,655) | (27,388,520) |
Net decrease | (702,171) | (8,633,633) | (1,637,869) | (20,208,471) |
Institutional Class | ||||
Subscriptions | 1,087,208 | 24,477,063 | 1,372,045 | 27,161,104 |
Distributions reinvested | 1,027,204 | 21,530,188 | 1,670,174 | 32,614,073 |
Redemptions | (2,584,698) | (53,189,143) | (7,235,914) | (144,163,493) |
Net decrease | (470,286) | (7,181,892) | (4,193,695) | (84,388,316) |
Institutional 2 Class | ||||
Subscriptions | 97,963 | 2,123,581 | 463,220 | 9,736,148 |
Distributions reinvested | 56,180 | 1,237,076 | 77,701 | 1,588,715 |
Redemptions | (149,525) | (3,118,334) | (200,912) | (4,228,728) |
Net increase | 4,618 | 242,323 | 340,009 | 7,096,135 |
Institutional 3 Class | ||||
Subscriptions | 3,652 | 78,408 | 20,334 | 415,755 |
Distributions reinvested | 2,734 | 57,709 | 3,428 | 67,329 |
Redemptions | (695) | (14,694) | (20,523) | (411,573) |
Net increase | 5,691 | 121,423 | 3,239 | 71,511 |
Class R | ||||
Subscriptions | 124,148 | 2,290,073 | 162,535 | 3,008,794 |
Distributions reinvested | 74,599 | 1,420,376 | 122,734 | 2,200,623 |
Redemptions | (324,337) | (6,025,748) | (507,884) | (9,353,812) |
Net decrease | (125,590) | (2,315,299) | (222,615) | (4,144,395) |
Total net decrease | (1,913,453) | (29,546,306) | (8,565,065) | (157,007,442) |
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 13 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net realized gains | Total distributions to shareholders | |
Class A | ||||||
Six Months Ended 8/31/2020 (Unaudited) | $17.67 | (0.01) | 6.53 | 6.52 | (1.33) | (1.33) |
Year Ended 2/29/2020 | $17.18 | (0.03) | 2.34 | 2.31 | (1.82) | (1.82) |
Year Ended 2/28/2019 | $18.33 | (0.03) | 0.75 | 0.72 | (1.87) | (1.87) |
Year Ended 2/28/2018 | $15.74 | (0.01) | 3.66 | 3.65 | (1.06) | (1.06) |
Year Ended 2/28/2017 | $14.87 | 0.02 | 2.84 | 2.86 | (1.99) | (1.99) |
Year Ended 2/29/2016 | $20.50 | (0.09) | (1.73) | (1.82) | (3.81) | (3.81) |
Advisor Class | ||||||
Six Months Ended 8/31/2020 (Unaudited) | $20.07 | 0.02 | 7.46 | 7.48 | (1.33) | (1.33) |
Year Ended 2/29/2020 | $19.26 | 0.02 | 2.61 | 2.63 | (1.82) | (1.82) |
Year Ended 2/28/2019 | $20.27 | 0.02 | 0.85 | 0.87 | (1.88) | (1.88) |
Year Ended 2/28/2018 | $17.30 | 0.03 | 4.03 | 4.06 | (1.09) | (1.09) |
Year Ended 2/28/2017 | $16.13 | 0.06 | 3.10 | 3.16 | (1.99) | (1.99) |
Year Ended 2/29/2016 | $21.88 | (0.05) | (1.89) | (1.94) | (3.81) | (3.81) |
Class C | ||||||
Six Months Ended 8/31/2020 (Unaudited) | $11.35 | (0.05) | 4.08 | 4.03 | (1.33) | (1.33) |
Year Ended 2/29/2020 | $11.70 | (0.11) | 1.58 | 1.47 | (1.82) | (1.82) |
Year Ended 2/28/2019 | $13.14 | (0.12) | 0.53 | 0.41 | (1.85) | (1.85) |
Year Ended 2/28/2018 | $11.58 | (0.10) | 2.66 | 2.56 | (1.00) | (1.00) |
Year Ended 2/28/2017 | $11.51 | (0.07) | 2.13 | 2.06 | (1.99) | (1.99) |
Year Ended 2/29/2016 | $16.81 | (0.18) | (1.34) | (1.52) | (3.78) | (3.78) |
Institutional Class | ||||||
Six Months Ended 8/31/2020 (Unaudited) | $19.39 | 0.02 | 7.20 | 7.22 | (1.33) | (1.33) |
Year Ended 2/29/2020 | $18.66 | 0.02 | 2.53 | 2.55 | (1.82) | (1.82) |
Year Ended 2/28/2019 | $19.70 | 0.02 | 0.82 | 0.84 | (1.88) | (1.88) |
Year Ended 2/28/2018 | $16.84 | 0.03 | 3.92 | 3.95 | (1.09) | (1.09) |
Year Ended 2/28/2017 | $15.74 | 0.06 | 3.03 | 3.09 | (1.99) | (1.99) |
Year Ended 2/29/2016 | $21.44 | (0.04) | (1.85) | (1.89) | (3.81) | (3.81) |
Institutional 2 Class | ||||||
Six Months Ended 8/31/2020 (Unaudited) | $20.31 | 0.02 | 7.56 | 7.58 | (1.33) | (1.33) |
Year Ended 2/29/2020 | $19.46 | 0.03 | 2.64 | 2.67 | (1.82) | (1.82) |
Year Ended 2/28/2019 | $20.45 | 0.03 | 0.86 | 0.89 | (1.88) | (1.88) |
Year Ended 2/28/2018 | $17.44 | 0.05 | 4.06 | 4.11 | (1.10) | (1.10) |
Year Ended 2/28/2017 | $16.23 | 0.08 | 3.12 | 3.20 | (1.99) | (1.99) |
Year Ended 2/29/2016 | $21.96 | (0.01) | (1.90) | (1.91) | (3.82) | (3.82) |
14 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $22.86 | 38.43% | 1.11%(c) | 1.05%(c) | (0.10%)(c) | 22% | $1,168,774 |
Year Ended 2/29/2020 | $17.67 | 13.54% | 1.12% | 1.04%(d) | (0.16%) | 42% | $913,905 |
Year Ended 2/28/2019 | $17.18 | 4.19% | 1.12% | 1.08%(d) | (0.16%) | 23% | $929,808 |
Year Ended 2/28/2018 | $18.33 | 23.65% | 1.12% | 1.12%(d) | (0.07%) | 37% | $850,411 |
Year Ended 2/28/2017 | $15.74 | 20.85% | 1.18%(e) | 1.17%(d),(e) | 0.11% | 29% | $840,034 |
Year Ended 2/29/2016 | $14.87 | (11.07%) | 1.24%(f) | 1.22%(d),(f) | (0.46%) | 102% | $356,035 |
Advisor Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $26.22 | 38.62% | 0.86%(c) | 0.80%(c) | 0.14%(c) | 22% | $22,464 |
Year Ended 2/29/2020 | $20.07 | 13.75% | 0.87% | 0.79%(d) | 0.09% | 42% | $17,809 |
Year Ended 2/28/2019 | $19.26 | 4.53% | 0.87% | 0.83%(d) | 0.09% | 23% | $26,286 |
Year Ended 2/28/2018 | $20.27 | 23.93% | 0.87% | 0.87%(d) | 0.18% | 37% | $27,793 |
Year Ended 2/28/2017 | $17.30 | 21.11% | 0.92%(e) | 0.92%(d),(e) | 0.32% | 29% | $24,411 |
Year Ended 2/29/2016 | $16.13 | (10.88%) | 0.98%(f) | 0.97%(d),(f) | (0.23%) | 102% | $3,401 |
Class C | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $14.05 | 37.87% | 1.86%(c) | 1.79%(c) | (0.85%)(c) | 22% | $35,954 |
Year Ended 2/29/2020 | $11.35 | 12.66% | 1.87% | 1.80%(d) | (0.91%) | 42% | $37,004 |
Year Ended 2/28/2019 | $11.70 | 3.46% | 1.86% | 1.84%(d) | (0.96%) | 23% | $57,316 |
Year Ended 2/28/2018 | $13.14 | 22.74% | 1.87% | 1.87%(d) | (0.79%) | 37% | $291,221 |
Year Ended 2/28/2017 | $11.58 | 19.89% | 1.91%(e) | 1.91%(d),(e) | (0.63%) | 29% | $426,640 |
Year Ended 2/29/2016 | $11.51 | (11.70%) | 1.99%(f) | 1.97%(d),(f) | (1.21%) | 102% | $148,420 |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $25.28 | 38.63% | 0.86%(c) | 0.80%(c) | 0.15%(c) | 22% | $522,764 |
Year Ended 2/29/2020 | $19.39 | 13.76% | 0.87% | 0.79%(d) | 0.09% | 42% | $410,156 |
Year Ended 2/28/2019 | $18.66 | 4.51% | 0.87% | 0.83%(d) | 0.09% | 23% | $472,922 |
Year Ended 2/28/2018 | $19.70 | 23.93% | 0.87% | 0.87%(d) | 0.19% | 37% | $537,229 |
Year Ended 2/28/2017 | $16.84 | 21.19% | 0.90%(e) | 0.90%(d),(e) | 0.37% | 29% | $450,897 |
Year Ended 2/29/2016 | $15.74 | (10.87%) | 0.98%(f) | 0.97%(d),(f) | (0.22%) | 102% | $129,655 |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $26.56 | 38.66% | 0.80%(c) | 0.73%(c) | 0.22%(c) | 22% | $26,014 |
Year Ended 2/29/2020 | $20.31 | 13.81% | 0.80% | 0.73% | 0.16% | 42% | $19,798 |
Year Ended 2/28/2019 | $19.46 | 4.60% | 0.80% | 0.76% | 0.17% | 23% | $12,349 |
Year Ended 2/28/2018 | $20.45 | 24.04% | 0.80% | 0.80% | 0.26% | 37% | $9,310 |
Year Ended 2/28/2017 | $17.44 | 21.23% | 0.83%(e) | 0.83%(e) | 0.46% | 29% | $8,530 |
Year Ended 2/29/2016 | $16.23 | (10.72%) | 0.83%(f) | 0.83%(f) | (0.07%) | 102% | $4,934 |
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 15 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | ||||||
Six Months Ended 8/31/2020 (Unaudited) | $19.52 | 0.03 | 7.25 | 7.28 | (1.33) | (1.33) |
Year Ended 2/29/2020 | $18.75 | 0.04 | 2.55 | 2.59 | (1.82) | (1.82) |
Year Ended 2/28/2019 | $19.77 | 0.04 | 0.82 | 0.86 | (1.88) | (1.88) |
Year Ended 2/28/2018(g) | $17.10 | 0.04 | 3.74 | 3.78 | (1.11) | (1.11) |
Class R | ||||||
Six Months Ended 8/31/2020 (Unaudited) | $17.75 | (0.03) | 6.55 | 6.52 | (1.33) | (1.33) |
Year Ended 2/29/2020 | $17.30 | (0.07) | 2.34 | 2.27 | (1.82) | (1.82) |
Year Ended 2/28/2019 | $18.47 | (0.07) | 0.76 | 0.69 | (1.86) | (1.86) |
Year Ended 2/28/2018 | $15.87 | (0.05) | 3.67 | 3.62 | (1.02) | (1.02) |
Year Ended 2/28/2017(h) | $14.69 | (0.01) | 1.30 | 1.29 | (0.11) | (0.11) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Year Ended | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class |
02/28/2017 | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
(f) | Ratios include line of credit interest expense which is less than 0.01%. |
(g) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
(h) | Class R shares commenced operations on October 26, 2016. Per share data and total return reflect activity from that date. |
16 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $25.47 | 38.69% | 0.76%(c) | 0.69%(c) | 0.25%(c) | 22% | $1,286 |
Year Ended 2/29/2020 | $19.52 | 13.91% | 0.76% | 0.69% | 0.20% | 42% | $875 |
Year Ended 2/28/2019 | $18.75 | 4.61% | 0.77% | 0.71% | 0.24% | 23% | $780 |
Year Ended 2/28/2018(g) | $19.77 | 22.55% | 0.76% | 0.76% | 0.19% | 37% | $262 |
Class R | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $22.94 | 38.25% | 1.36%(c) | 1.29%(c) | (0.35%)(c) | 22% | $24,268 |
Year Ended 2/29/2020 | $17.75 | 13.20% | 1.37% | 1.30%(d) | (0.41%) | 42% | $21,006 |
Year Ended 2/28/2019 | $17.30 | 4.00% | 1.37% | 1.33%(d) | (0.41%) | 23% | $24,324 |
Year Ended 2/28/2018 | $18.47 | 23.28% | 1.37% | 1.37%(d) | (0.31%) | 37% | $24,453 |
Year Ended 2/28/2017(h) | $15.87 | 8.81% | 1.35%(c) | 1.35%(c),(d) | (0.14%)(c) | 29% | $26,278 |
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 17 |
August 31, 2020 (Unaudited)
18 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 19 |
August 31, 2020 (Unaudited)
20 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Effective rate (%) | |
Class A | 0.13 |
Advisor Class | 0.13 |
Class C | 0.13 |
Institutional Class | 0.13 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.02 |
Class R | 0.13 |
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 21 |
August 31, 2020 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 74,771 |
Class C | — | 1.00(b) | 429 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Fee rate(s) contractual through June 30, 2021 | |
Class A | 1.05% |
Advisor Class | 0.80 |
Class C | 1.80 |
Institutional Class | 0.80 |
Institutional 2 Class | 0.73 |
Institutional 3 Class | 0.69 |
Class R | 1.30 |
22 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
930,796,000 | 889,374,000 | (17,904,000) | 871,470,000 |
Late year ordinary losses ($) | Post-October capital losses ($) |
528,411 | — |
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 23 |
August 31, 2020 (Unaudited)
24 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 25 |
August 31, 2020 (Unaudited)
26 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
��� | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 27 |
Nature, extent and quality of services provided by Columbia Threadneedle
28 | Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 |
The Board considered the reports of its independent fee consultant, JDL Consultants, LLC (JDL), which assisted in the Board’s analysis of the Funds’ performance and expenses, the reasonableness of the Funds’ fee rates, and JDL’s conclusion that the management fees being charged to the Fund are reasonable. The Board accorded particular weight to the notion that the 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 defined exceptions) are generally in line with the "pricing philosophy" currently in effect (i.e., 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 below the peer universe’s median expense ratio shown in the reports. Based on its review, the Board concluded that the Fund’s management fee was fair and reasonable in light of the extent and quality of services that the Fund receives.
Columbia Large Cap Growth Opportunity Fund | Semiannual Report 2020 | 29 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
August 31, 2020
(Unaudited)
Average annual total returns (%) (for the period ended August 31, 2020) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | 05/31/00 | 6.90 | 3.70 | 7.60 | 11.54 | |
Institutional Class | 03/31/00 | 6.99 | 3.91 | 7.86 | 11.81 | |
Institutional 2 Class* | 11/08/12 | 7.05 | 3.96 | 7.86 | 11.82 | |
Institutional 3 Class* | 03/01/17 | 6.98 | 3.92 | 7.86 | 11.81 | |
S&P MidCap 400 Index | 7.15 | 4.22 | 8.11 | 12.05 |
* | 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 Mid Cap Index Fund | Semiannual Report 2020 | 3 |
(Unaudited)
Portfolio breakdown (%) (at August 31, 2020) | |
Common Stocks | 99.1 |
Money Market Funds | 0.9 |
Total | 100.0 |
Equity sector breakdown (%) (at August 31, 2020) | |
Communication Services | 1.8 |
Consumer Discretionary | 15.0 |
Consumer Staples | 3.9 |
Energy | 1.4 |
Financials | 14.1 |
Health Care | 11.2 |
Industrials | 17.1 |
Information Technology | 16.1 |
Materials | 6.0 |
Real Estate | 9.5 |
Utilities | 3.9 |
Total | 100.0 |
4 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
(Unaudited)
March 1, 2020 — August 31, 2020 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,069.00 | 1,023.06 | 2.36 | 2.31 | 0.45 |
Institutional Class | 1,000.00 | 1,000.00 | 1,069.90 | 1,024.33 | 1.05 | 1.03 | 0.20 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,070.50 | 1,024.33 | 1.05 | 1.03 | 0.20 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,069.80 | 1,024.33 | 1.05 | 1.03 | 0.20 |
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 5 |
August 31, 2020 (Unaudited)
Common Stocks 98.6% | ||
Issuer | Shares | Value ($) |
Communication Services 1.8% | ||
Entertainment 0.2% | ||
Cinemark Holdings, Inc. | 188,273 | 2,758,200 |
World Wrestling Entertainment, Inc., Class A | 81,490 | 3,591,264 |
Total | 6,349,464 | |
Interactive Media & Services 0.2% | ||
TripAdvisor, Inc. | 177,270 | 4,142,800 |
Yelp, Inc.(a) | 115,100 | 2,661,112 |
Total | 6,803,912 | |
Media 1.2% | ||
AMC Networks, Inc., Class A(a) | 71,354 | 1,733,188 |
Cable One, Inc. | 9,254 | 17,030,414 |
John Wiley & Sons, Inc., Class A | 76,854 | 2,432,429 |
New York Times Co. (The), Class A | 253,879 | 11,000,577 |
TEGNA, Inc. | 384,490 | 4,813,815 |
Total | 37,010,423 | |
Wireless Telecommunication Services 0.2% | ||
Telephone and Data Systems, Inc. | 171,755 | 3,972,693 |
Total Communication Services | 54,136,492 | |
Consumer Discretionary 14.8% | ||
Auto Components 1.3% | ||
Adient PLC(a) | 153,610 | 2,663,597 |
Dana, Inc. | 254,200 | 3,546,090 |
Delphi Technologies PLC(a) | 151,930 | 2,639,024 |
Gentex Corp. | 430,836 | 11,654,114 |
Goodyear Tire & Rubber Co. (The) | 409,400 | 3,928,193 |
Lear Corp. | 95,940 | 10,930,444 |
Visteon Corp.(a) | 48,960 | 3,693,053 |
Total | 39,054,515 | |
Automobiles 0.5% | ||
Harley-Davidson, Inc. | 269,500 | 7,467,845 |
Thor Industries, Inc. | 97,114 | 9,170,475 |
Total | 16,638,320 | |
Distributors 0.8% | ||
Pool Corp. | 70,260 | 23,034,038 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Diversified Consumer Services 1.1% | ||
Adtalem Global Education, Inc.(a) | 91,138 | 3,025,782 |
Graham Holdings Co., Class B | 7,522 | 3,219,040 |
Grand Canyon Education, Inc.(a) | 83,240 | 7,827,890 |
Service Corp. International | 313,431 | 14,308,125 |
Strategic Education, Inc. | 42,430 | 4,352,045 |
WW International, Inc.(a) | 81,990 | 1,925,125 |
Total | 34,658,007 | |
Hotels, Restaurants & Leisure 3.5% | ||
Boyd Gaming Corp. | 140,930 | 3,774,105 |
Caesars Entertainment, Inc.(a) | 269,398 | 12,338,428 |
Choice Hotels International, Inc. | 55,520 | 5,512,581 |
Churchill Downs, Inc. | 61,750 | 10,791,430 |
Cracker Barrel Old Country Store, Inc. | 41,690 | 5,574,370 |
Dunkin’ Brands Group, Inc. | 144,470 | 10,991,278 |
Jack in the Box, Inc. | 39,890 | 3,286,537 |
Marriott Vacations Worldwide Corp. | 64,279 | 6,085,293 |
Papa John’s International, Inc. | 39,190 | 3,851,985 |
Penn National Gaming, Inc.(a) | 227,260 | 11,612,986 |
Scientific Games Corp., Class A(a) | 96,410 | 1,994,241 |
Six Flags Entertainment Corp. | 138,570 | 3,011,126 |
Texas Roadhouse, Inc. | 114,630 | 7,220,544 |
Wendy’s Co. (The) | 313,448 | 6,563,601 |
Wyndham Destinations, Inc. | 149,790 | 4,342,412 |
Wyndham Hotels & Resorts, Inc. | 163,790 | 8,576,044 |
Total | 105,526,961 | |
Household Durables 1.6% | ||
Helen of Troy Ltd.(a) | 44,410 | 9,184,876 |
KB Home | 153,086 | 5,474,355 |
Taylor Morrison Home Corp., Class A(a) | 228,020 | 5,365,311 |
Tempur Sealy International, Inc.(a) | 76,164 | 6,515,069 |
Toll Brothers, Inc. | 203,356 | 8,585,690 |
TopBuild Corp.(a) | 58,640 | 9,018,832 |
TRI Pointe Group, Inc.(a) | 229,140 | 3,867,883 |
Total | 48,012,016 |
6 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Internet & Direct Marketing Retail 1.2% | ||
Etsy, Inc.(a) | 208,800 | 24,993,360 |
GrubHub, Inc.(a) | 161,790 | 11,705,507 |
Total | 36,698,867 | |
Leisure Products 0.8% | ||
Brunswick Corp. | 139,220 | 8,616,326 |
Mattel, Inc.(a) | 610,340 | 6,558,103 |
Polaris, Inc. | 101,294 | 10,234,746 |
Total | 25,409,175 | |
Multiline Retail 0.4% | ||
Nordstrom, Inc. | 190,600 | 3,049,600 |
Ollie’s Bargain Outlet Holdings, Inc.(a) | 99,490 | 9,505,275 |
Total | 12,554,875 | |
Specialty Retail 2.7% | ||
Aaron’s, Inc. | 118,879 | 6,644,147 |
American Eagle Outfitters, Inc. | 273,714 | 3,451,534 |
AutoNation, Inc.(a) | 101,280 | 5,758,781 |
Dick’s Sporting Goods, Inc. | 114,640 | 6,204,317 |
Five Below, Inc.(a) | 98,060 | 10,732,667 |
Foot Locker, Inc. | 183,320 | 5,560,096 |
Lithia Motors, Inc., Class A | 38,990 | 9,706,950 |
Murphy U.S.A., Inc.(a) | 48,260 | 6,508,344 |
Restoration Hardware Holdings, Inc.(a) | 29,190 | 9,648,754 |
Sally Beauty Holdings, Inc.(a) | 198,590 | 2,216,264 |
Urban Outfitters, Inc.(a) | 123,860 | 2,915,664 |
Williams-Sonoma, Inc. | 136,808 | 12,006,270 |
Total | 81,353,788 | |
Textiles, Apparel & Luxury Goods 0.9% | ||
Carter’s, Inc. | 76,732 | 6,109,402 |
Columbia Sportswear Co. | 50,020 | 4,280,211 |
Deckers Outdoor Corp.(a) | 49,262 | 10,043,044 |
Skechers U.S.A., Inc., Class A(a) | 239,590 | 7,151,762 |
Total | 27,584,419 | |
Total Consumer Discretionary | 450,524,981 | |
Consumer Staples 3.8% | ||
Beverages 0.5% | ||
Boston Beer Co., Inc. (The), Class A(a) | 16,990 | 14,984,840 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Food & Staples Retailing 1.0% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 217,040 | 9,638,746 |
Casey’s General Stores, Inc. | 64,740 | 11,514,009 |
Grocery Outlet Holding Corp.(a) | 111,920 | 4,603,270 |
Sprouts Farmers Market, Inc.(a) | 207,240 | 4,839,054 |
Total | 30,595,079 | |
Food Products 1.9% | ||
Darling Ingredients, Inc.(a) | 288,610 | 9,226,862 |
Flowers Foods, Inc. | 338,741 | 8,285,605 |
Hain Celestial Group, Inc. (The)(a) | 138,120 | 4,528,955 |
Ingredion, Inc. | 117,836 | 9,478,728 |
Lancaster Colony Corp. | 34,855 | 6,194,430 |
Pilgrim’s Pride Corp.(a) | 91,160 | 1,458,560 |
Post Holdings, Inc.(a) | 112,751 | 9,924,343 |
Sanderson Farms, Inc. | 34,830 | 4,073,717 |
Tootsie Roll Industries, Inc. | 30,084 | 962,387 |
TreeHouse Foods, Inc.(a) | 99,290 | 4,250,605 |
Total | 58,384,192 | |
Household Products 0.2% | ||
Energizer Holdings, Inc. | 112,013 | 5,185,082 |
Personal Products 0.2% | ||
Edgewell Personal Care Co.(a) | 95,603 | 2,744,762 |
Nu Skin Enterprises, Inc., Class A | 91,310 | 4,316,224 |
Total | 7,060,986 | |
Total Consumer Staples | 116,210,179 | |
Energy 1.4% | ||
Energy Equipment & Services 0.1% | ||
ChampionX Corp.(a) | 326,830 | 3,346,739 |
Transocean Ltd.(a) | 1,016,420 | 1,240,032 |
Total | 4,586,771 | |
Oil, Gas & Consumable Fuels 1.3% | ||
Antero Midstream Corp. | 494,630 | 3,348,645 |
Cimarex Energy Co. | 179,640 | 4,990,399 |
CNX Resources Corp.(a) | 329,110 | 3,607,046 |
EQT Corp. | 449,620 | 7,135,469 |
Equitrans Midstream Corp. | 715,070 | 7,350,920 |
Murphy Oil Corp. | 256,990 | 3,531,043 |
PBF Energy, Inc., Class A | 179,440 | 1,536,006 |
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 7 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
World Fuel Services Corp. | 111,400 | 2,940,960 |
WPX Energy, Inc.(a) | 718,480 | 3,994,749 |
Total | 38,435,237 | |
Total Energy | 43,022,008 | |
Financials 13.9% | ||
Banks 5.5% | ||
Associated Banc-Corp. | 270,379 | 3,633,894 |
BancorpSouth Bank | 171,030 | 3,690,827 |
Bank of Hawaii Corp. | 70,396 | 3,874,596 |
Bank OZK | 212,690 | 4,900,378 |
Cathay General Bancorp | 132,975 | 3,283,153 |
CIT Group, Inc. | 173,070 | 3,404,287 |
Commerce Bancshares, Inc. | 176,606 | 10,520,419 |
Cullen/Frost Bankers, Inc. | 100,149 | 6,956,350 |
East West Bancorp, Inc. | 248,937 | 9,155,903 |
First Financial Bankshares, Inc. | 249,930 | 7,566,631 |
First Horizon National Corp. | 973,440 | 9,296,352 |
FNB Corp. | 568,400 | 4,263,000 |
Fulton Financial Corp. | 284,665 | 2,784,024 |
Glacier Bancorp, Inc. | 156,100 | 5,476,768 |
Hancock Whitney Corp. | 151,811 | 3,037,738 |
Home Bancshares, Inc. | 270,220 | 4,380,266 |
International Bancshares Corp. | 97,962 | 3,093,640 |
PacWest Bancorp | 204,940 | 3,910,255 |
Pinnacle Financial Partners, Inc. | 125,440 | 5,011,328 |
Prosperity Bancshares, Inc. | 163,025 | 8,888,123 |
Signature Bank | 94,251 | 9,145,175 |
Sterling Bancorp | 342,130 | 3,992,657 |
Synovus Financial Corp. | 259,135 | 5,667,282 |
TCF Financial Corp. | 267,624 | 7,193,733 |
Texas Capital Bancshares, Inc.(a) | 88,720 | 2,873,641 |
Trustmark Corp. | 111,580 | 2,619,898 |
UMB Financial Corp. | 74,530 | 4,003,752 |
Umpqua Holdings Corp. | 387,450 | 4,370,436 |
United Bankshares, Inc. | 223,770 | 5,849,348 |
Valley National Bancorp | 689,141 | 5,175,449 |
Webster Financial Corp. | 158,645 | 4,362,737 |
Wintrust Financial Corp. | 101,290 | 4,408,141 |
Total | 166,790,181 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Capital Markets 2.5% | ||
Affiliated Managers Group, Inc. | 83,110 | 5,705,501 |
Eaton Vance Corp. | 200,452 | 8,222,541 |
Evercore, Inc., Class A | 71,320 | 4,413,282 |
Factset Research Systems, Inc. | 66,634 | 23,348,553 |
Federated Hermes, Inc., Class B | 168,710 | 4,033,856 |
Interactive Brokers Group, Inc., Class A | 135,040 | 7,159,821 |
Janus Henderson Group PLC | 270,037 | 5,595,167 |
SEI Investments Co. | 218,635 | 11,447,729 |
Stifel Financial Corp. | 120,540 | 6,112,583 |
Total | 76,039,033 | |
Consumer Finance 0.5% | ||
FirstCash, Inc. | 72,910 | 4,356,373 |
LendingTree, Inc.(a) | 13,560 | 4,189,226 |
Navient Corp. | 300,080 | 2,727,727 |
SLM Corp. | 659,950 | 5,042,018 |
Total | 16,315,344 | |
Diversified Financial Services 0.2% | ||
Jefferies Financial Group, Inc. | 397,310 | 6,968,817 |
Insurance 4.6% | ||
Alleghany Corp. | 25,178 | 13,962,712 |
American Financial Group, Inc. | 131,197 | 8,770,519 |
Brighthouse Financial, Inc.(a) | 165,110 | 5,012,740 |
Brown & Brown, Inc. | 413,856 | 19,202,918 |
CNO Financial Group, Inc. | 252,680 | 4,118,684 |
First American Financial Corp. | 196,035 | 10,305,560 |
Genworth Financial, Inc., Class A(a) | 885,540 | 2,674,331 |
Hanover Insurance Group, Inc. (The) | 66,850 | 6,851,456 |
Kemper Corp. | 107,911 | 8,380,368 |
Mercury General Corp. | 47,721 | 2,134,560 |
Old Republic International Corp. | 502,756 | 8,099,399 |
Primerica, Inc. | 71,745 | 8,957,363 |
Reinsurance Group of America, Inc. | 119,329 | 10,940,083 |
RenaissanceRe Holdings Ltd. | 88,500 | 16,260,990 |
RLI Corp. | 70,340 | 6,597,189 |
Selective Insurance Group, Inc. | 105,050 | 6,283,041 |
Total | 138,551,913 |
8 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Thrifts & Mortgage Finance 0.6% | ||
Essent Group Ltd. | 194,630 | 6,948,291 |
New York Community Bancorp, Inc. | 816,264 | 7,387,189 |
Washington Federal, Inc. | 133,199 | 3,123,517 |
Total | 17,458,997 | |
Total Financials | 422,124,285 | |
Health Care 11.0% | ||
Biotechnology 1.3% | ||
Arrowhead Pharmaceuticals, Inc.(a) | 179,060 | 7,563,494 |
Emergent BioSolutions, Inc.(a) | 78,406 | 8,942,204 |
Exelixis, Inc.(a) | 539,540 | 11,988,579 |
Ligand Pharmaceuticals, Inc.(a) | 28,240 | 2,880,480 |
United Therapeutics Corp.(a) | 77,438 | 8,282,769 |
Total | 39,657,526 | |
Health Care Equipment & Supplies 3.2% | ||
Avanos Medical, Inc.(a) | 84,020 | 2,722,248 |
Cantel Medical Corp. | 65,270 | 3,425,370 |
Globus Medical, Inc., Class A(a) | 133,120 | 7,523,942 |
Haemonetics Corp.(a) | 88,650 | 7,948,359 |
Hill-Rom Holdings, Inc. | 117,104 | 10,983,184 |
ICU Medical, Inc.(a) | 34,090 | 6,826,182 |
Integra LifeSciences Holdings Corp.(a) | 123,900 | 5,921,181 |
LivaNova PLC(a) | 85,480 | 4,009,012 |
Masimo Corp.(a) | 87,590 | 19,620,160 |
NuVasive, Inc.(a) | 90,170 | 4,700,562 |
Penumbra, Inc.(a) | 58,170 | 12,166,256 |
Quidel Corp.(a) | 67,240 | 11,831,550 |
Total | 97,678,006 | |
Health Care Providers & Services 3.1% | ||
Acadia Healthcare Co., Inc.(a) | 156,490 | 4,837,106 |
Amedisys, Inc.(a) | 56,970 | 13,781,043 |
Chemed Corp. | 27,930 | 14,442,882 |
Encompass Health Corp. | 174,890 | 11,409,823 |
HealthEquity, Inc.(a) | 133,710 | 7,685,651 |
LHC Group, Inc.(a) | 52,240 | 10,888,906 |
Mednax, Inc.(a) | 150,272 | 2,792,054 |
Molina Healthcare, Inc.(a) | 104,160 | 19,266,475 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Patterson Companies, Inc. | 151,710 | 4,401,107 |
Tenet Healthcare Corp.(a) | 184,240 | 5,191,883 |
Total | 94,696,930 | |
Life Sciences Tools & Services 2.2% | ||
Bio-Techne Corp. | 67,251 | 17,179,941 |
Charles River Laboratories International, Inc.(a) | 87,068 | 19,063,539 |
Pra Health Sciences, Inc.(a) | 111,940 | 11,967,505 |
Repligen Corp.(a) | 82,830 | 12,831,195 |
Syneos Health, Inc.(a) | 109,970 | 6,939,107 |
Total | 67,981,287 | |
Pharmaceuticals 1.2% | ||
Catalent, Inc.(a) | 286,170 | 26,470,725 |
Nektar Therapeutics(a) | 313,160 | 6,056,514 |
Prestige Consumer Healthcare, Inc.(a) | 88,120 | 3,210,212 |
Total | 35,737,451 | |
Total Health Care | 335,751,200 | |
Industrials 16.9% | ||
Aerospace & Defense 1.0% | ||
Axon Enterprise, Inc.(a) | 110,540 | 9,471,067 |
Curtiss-Wright Corp. | 73,280 | 7,498,010 |
Hexcel Corp. | 146,900 | 5,786,391 |
Mercury Systems, Inc.(a) | 97,820 | 7,408,887 |
Total | 30,164,355 | |
Air Freight & Logistics 0.5% | ||
XPO Logistics, Inc.(a) | 160,330 | 14,152,329 |
Airlines 0.2% | ||
JetBlue Airways Corp.(a) | 474,526 | 5,466,540 |
Building Products 1.7% | ||
Builders FirstSource, Inc.(a) | 205,170 | 6,282,305 |
Lennox International, Inc. | 61,232 | 17,165,167 |
Owens Corning | 189,740 | 12,834,014 |
Trex Company, Inc.(a) | 101,790 | 15,216,587 |
Total | 51,498,073 | |
Commercial Services & Supplies 2.0% | ||
Brink’s Co. (The) | 88,830 | 4,295,819 |
Clean Harbors, Inc.(a) | 89,960 | 5,496,556 |
Healthcare Services Group, Inc. | 130,930 | 2,723,344 |
Herman Miller, Inc. | 103,399 | 2,463,998 |
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 9 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
HNI Corp. | 75,035 | 2,389,865 |
IAA, Inc.(a) | 235,670 | 12,330,254 |
KAR Auction Services, Inc. | 227,340 | 3,942,076 |
MSA Safety, Inc. | 62,886 | 7,920,492 |
Stericycle, Inc.(a) | 160,840 | 10,311,452 |
Tetra Tech, Inc. | 95,050 | 8,774,065 |
Total | 60,647,921 | |
Construction & Engineering 1.1% | ||
AECOM(a) | 281,655 | 11,128,189 |
Dycom Industries, Inc.(a) | 55,660 | 3,423,647 |
EMCOR Group, Inc. | 96,500 | 7,238,465 |
Fluor Corp. | 246,620 | 2,347,822 |
MasTec, Inc.(a) | 102,510 | 4,736,987 |
Valmont Industries, Inc. | 37,571 | 4,773,396 |
Total | 33,648,506 | |
Electrical Equipment 2.2% | ||
Acuity Brands, Inc. | 69,750 | 7,622,977 |
EnerSys | 74,690 | 5,376,186 |
Generac Holdings, Inc.(a) | 110,280 | 20,950,994 |
Hubbell, Inc. | 95,365 | 13,820,296 |
nVent Electric PLC | 274,930 | 5,256,662 |
Regal Beloit Corp. | 71,294 | 7,048,125 |
Sunrun, Inc.(a) | 139,730 | 7,902,430 |
Total | 67,977,670 | |
Industrial Conglomerates 0.4% | ||
Carlisle Companies, Inc. | 96,614 | 12,651,603 |
Machinery 4.6% | ||
AGCO Corp. | 109,331 | 7,773,434 |
Colfax Corp.(a) | 147,810 | 4,919,117 |
Crane Co. | 86,705 | 4,902,301 |
Donaldson Co., Inc. | 221,915 | 11,175,639 |
Graco, Inc. | 293,116 | 17,006,590 |
ITT, Inc. | 151,842 | 9,537,196 |
Kennametal, Inc. | 145,876 | 4,233,322 |
Lincoln Electric Holdings, Inc. | 104,485 | 10,104,744 |
Middleby Corp. (The)(a) | 97,790 | 9,573,641 |
Nordson Corp. | 90,316 | 16,843,031 |
Oshkosh Corp. | 119,770 | 9,223,488 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Terex Corp. | 112,175 | 2,195,265 |
Timken Co. (The) | 118,865 | 6,441,294 |
Toro Co. (The) | 188,560 | 14,194,797 |
Trinity Industries, Inc. | 165,856 | 3,395,072 |
Woodward, Inc. | 99,727 | 8,545,607 |
Total | 140,064,538 | |
Marine 0.1% | ||
Kirby Corp.(a) | 105,628 | 4,482,852 |
Professional Services 1.2% | ||
ASGN, Inc.(a) | 92,370 | 6,629,395 |
CoreLogic, Inc. | 139,717 | 9,277,209 |
FTI Consulting, Inc.(a) | 65,270 | 7,490,385 |
Insperity, Inc. | 64,110 | 4,319,091 |
ManpowerGroup, Inc. | 102,137 | 7,487,663 |
Total | 35,203,743 | |
Road & Rail 1.0% | ||
Avis Budget Group, Inc.(a) | 94,230 | 3,214,185 |
Knight-Swift Transportation Holdings, Inc. | 215,130 | 9,779,810 |
Landstar System, Inc. | 67,508 | 8,984,640 |
Ryder System, Inc. | 94,540 | 3,866,686 |
Werner Enterprises, Inc. | 100,904 | 4,642,593 |
Total | 30,487,914 | |
Trading Companies & Distributors 0.9% | ||
GATX Corp. | 61,408 | 4,106,967 |
MSC Industrial Direct Co., Inc., Class A | 79,930 | 5,267,387 |
Univar, Inc.(a) | 243,680 | 4,432,539 |
Watsco, Inc. | 57,633 | 14,119,509 |
Total | 27,926,402 | |
Total Industrials | 514,372,446 | |
Information Technology 15.9% | ||
Communications Equipment 1.2% | ||
Ciena Corp.(a) | 270,322 | 15,346,180 |
InterDigital, Inc. | 54,104 | 3,308,459 |
Lumentum Holdings, Inc.(a) | 131,780 | 11,333,080 |
Netscout Systems, Inc.(a) | 111,820 | 2,587,515 |
Viasat, Inc.(a) | 102,780 | 4,086,533 |
Total | 36,661,767 |
10 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Electronic Equipment, Instruments & Components 3.6% | ||
Arrow Electronics, Inc.(a) | 138,406 | 10,873,175 |
Avnet, Inc. | 173,760 | 4,780,138 |
Belden, Inc. | 67,320 | 2,267,338 |
Cognex Corp. | 302,070 | 20,900,223 |
Coherent, Inc.(a) | 42,670 | 4,807,202 |
II-VI, Inc.(a) | 169,840 | 7,557,880 |
Jabil, Inc. | 241,310 | 8,240,737 |
Littelfuse, Inc. | 42,710 | 7,723,676 |
National Instruments Corp. | 206,796 | 7,421,908 |
SYNNEX Corp. | 72,450 | 9,212,018 |
Trimble Navigation Ltd.(a) | 439,438 | 23,030,946 |
Vishay Intertechnology, Inc. | 233,208 | 3,728,996 |
Total | 110,544,237 | |
IT Services 2.1% | ||
Alliance Data Systems Corp. | 74,580 | 3,364,304 |
CACI International, Inc., Class A(a) | 44,140 | 10,337,147 |
KBR, Inc. | 250,357 | 6,256,421 |
LiveRamp Holdings, Inc.(a) | 114,963 | 6,419,534 |
MAXIMUS, Inc. | 107,880 | 8,366,094 |
Perspecta, Inc. | 240,150 | 4,987,916 |
Sabre Corp. | 547,600 | 3,827,724 |
Science Applications International Corp. | 86,914 | 7,253,842 |
WEX, Inc.(a) | 76,557 | 12,226,918 |
Total | 63,039,900 | |
Semiconductors & Semiconductor Equipment 5.1% | ||
Cabot Microelectronics Corp. | 51,130 | 7,786,588 |
Cirrus Logic, Inc.(a) | 102,710 | 6,223,199 |
Cree, Inc.(a) | 190,298 | 12,007,804 |
Enphase Energy, Inc.(a) | 143,200 | 11,059,336 |
First Solar, Inc.(a) | 134,160 | 10,275,314 |
MKS Instruments, Inc. | 96,540 | 11,539,426 |
Monolithic Power Systems, Inc. | 73,210 | 19,556,587 |
Semtech Corp.(a) | 114,630 | 6,723,050 |
Silicon Laboratories, Inc.(a) | 76,862 | 7,871,438 |
SolarEdge Technologies, Inc.(a) | 87,320 | 19,310,818 |
Synaptics, Inc.(a) | 59,880 | 5,109,560 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Teradyne, Inc. | 291,660 | 24,782,350 |
Universal Display Corp. | 74,590 | 13,090,545 |
Total | 155,336,015 | |
Software 3.8% | ||
ACI Worldwide, Inc.(a) | 203,998 | 5,993,461 |
Blackbaud, Inc. | 87,300 | 5,574,105 |
CDK Global, Inc. | 213,820 | 9,968,288 |
Ceridian HCM Holding, Inc.(a) | 191,360 | 15,216,947 |
CommVault Systems, Inc.(a) | 74,735 | 3,230,794 |
Fair Isaac Corp.(a) | 51,032 | 21,473,755 |
j2 Global, Inc.(a) | 79,750 | 5,581,703 |
Manhattan Associates, Inc.(a) | 111,720 | 10,864,770 |
Paylocity Holding Corp.(a) | 63,290 | 9,319,453 |
PTC, Inc.(a) | 183,200 | 16,746,312 |
Qualys, Inc.(a) | 58,950 | 6,256,953 |
Teradata Corp.(a) | 190,900 | 4,648,415 |
Total | 114,874,956 | |
Technology Hardware, Storage & Peripherals 0.1% | ||
NCR Corp.(a) | 224,850 | 4,595,934 |
Total Information Technology | 485,052,809 | |
Materials 5.9% | ||
Chemicals 2.6% | ||
Ashland Global Holdings, Inc. | 106,370 | 7,838,405 |
Avient Corp. | 160,810 | 4,103,871 |
Cabot Corp. | 99,329 | 3,676,166 |
Chemours Co. LLC (The) | 288,930 | 5,969,294 |
Ingevity Corp.(a) | 72,500 | 4,072,325 |
Minerals Technologies, Inc. | 60,015 | 3,045,761 |
NewMarket Corp. | 12,703 | 4,731,740 |
Olin Corp. | 277,723 | 3,124,384 |
RPM International, Inc. | 227,831 | 19,313,234 |
Scotts Miracle-Gro Co. (The), Class A | 69,337 | 11,685,365 |
Sensient Technologies Corp. | 74,530 | 4,115,547 |
Valvoline, Inc. | 325,547 | 6,641,159 |
Total | 78,317,251 | |
Construction Materials 0.2% | ||
Eagle Materials, Inc. | 73,220 | 5,987,199 |
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 11 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Containers & Packaging 1.1% | ||
AptarGroup, Inc. | 112,932 | 13,370,019 |
Greif, Inc., Class A | 46,523 | 1,714,373 |
O-I Glass, Inc. | 275,470 | 2,997,114 |
Silgan Holdings, Inc. | 136,550 | 5,197,093 |
Sonoco Products Co. | 176,516 | 9,360,643 |
Total | 32,639,242 | |
Metals & Mining 1.7% | ||
Allegheny Technologies, Inc.(a) | 222,800 | 1,855,924 |
Commercial Metals Co. | 209,482 | 4,371,890 |
Compass Minerals International, Inc. | 59,654 | 3,396,102 |
Reliance Steel & Aluminum Co. | 111,971 | 11,742,399 |
Royal Gold, Inc. | 115,385 | 15,729,283 |
Steel Dynamics, Inc. | 370,059 | 10,924,142 |
United States Steel Corp. | 387,510 | 3,034,203 |
Worthington Industries, Inc. | 64,500 | 2,678,685 |
Total | 53,732,628 | |
Paper & Forest Products 0.3% | ||
Domtar Corp. | 97,106 | 2,769,463 |
Louisiana-Pacific Corp. | 197,417 | 6,502,916 |
Total | 9,272,379 | |
Total Materials | 179,948,699 | |
Real Estate 9.4% | ||
Equity Real Estate Investment Trusts (REITS) 9.1% | ||
American Campus Communities, Inc. | 242,103 | 8,207,292 |
Brixmor Property Group, Inc. | 521,580 | 6,154,644 |
Camden Property Trust | 171,337 | 15,581,387 |
Coresite Realty Corp. | 70,920 | 8,684,154 |
Corporate Office Properties Trust | 197,351 | 4,862,729 |
Cousins Properties, Inc. | 261,345 | 7,801,148 |
CyrusOne, Inc. | 202,680 | 16,929,860 |
Douglas Emmett, Inc. | 290,040 | 8,097,917 |
EastGroup Properties, Inc. | 68,710 | 9,149,424 |
EPR Properties | 136,320 | 4,404,499 |
First Industrial Realty Trust, Inc. | 223,810 | 9,545,496 |
GEO Group, Inc. (The) | 213,525 | 2,382,939 |
Healthcare Realty Trust, Inc. | 237,400 | 6,848,990 |
Highwoods Properties, Inc. | 182,774 | 6,810,159 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hudson Pacific Properties, Inc. | 269,710 | 6,332,791 |
JBG SMITH Properties | 206,850 | 5,723,540 |
Kilroy Realty Corp. | 186,265 | 10,900,228 |
Lamar Advertising Co., Class A | 151,909 | 10,516,660 |
Life Storage, Inc. | 82,540 | 8,702,192 |
Macerich Co. (The) | 204,565 | 1,622,200 |
Mack-Cali Realty Corp. | 159,398 | 2,013,197 |
Medical Properties Trust, Inc. | 929,560 | 17,271,225 |
National Retail Properties, Inc. | 302,558 | 10,722,656 |
Omega Healthcare Investors, Inc. | 399,220 | 12,363,843 |
Park Hotels & Resorts, Inc. | 414,510 | 3,933,700 |
Pebblebrook Hotel Trust | 230,053 | 2,903,269 |
Physicians Realty Trust | 356,390 | 6,468,478 |
PotlatchDeltic Corp. | 117,795 | 5,423,282 |
PS Business Parks, Inc. | 35,290 | 4,453,598 |
Rayonier, Inc. | 243,615 | 7,133,047 |
Rexford Industrial Realty, Inc. | 215,850 | 10,356,483 |
Sabra Health Care REIT, Inc. | 361,669 | 5,363,551 |
Service Properties Trust | 289,543 | 2,377,148 |
Spirit Realty Capital, Inc. | 181,110 | 6,431,216 |
STORE Capital Corp. | 391,470 | 10,585,349 |
Taubman Centers, Inc. | 108,399 | 4,151,682 |
Urban Edge Properties | 194,780 | 2,056,877 |
Weingarten Realty Investors | 211,867 | 3,701,316 |
Total | 276,968,166 | |
Real Estate Management & Development 0.3% | ||
Jones Lang LaSalle, Inc. | 90,838 | 9,359,947 |
Total Real Estate | 286,328,113 | |
Utilities 3.8% | ||
Electric Utilities 1.2% | ||
Allete, Inc. | 91,110 | 4,916,296 |
Hawaiian Electric Industries, Inc. | 192,036 | 6,646,366 |
IDACORP, Inc. | 88,769 | 7,980,333 |
OGE Energy Corp. | 352,178 | 11,220,391 |
PNM Resources, Inc. | 140,140 | 6,121,315 |
Total | 36,884,701 |
12 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Gas Utilities 1.4% | ||
National Fuel Gas Co. | 158,985 | 7,256,075 |
New Jersey Resources Corp. | 168,470 | 5,077,686 |
ONE Gas, Inc. | 93,010 | 6,893,901 |
Southwest Gas Holdings, Inc. | 96,980 | 6,097,133 |
Spire, Inc. | 90,140 | 5,247,049 |
UGI Corp. | 366,431 | 12,652,863 |
Total | 43,224,707 | |
Multi-Utilities 0.6% | ||
Black Hills Corp. | 110,402 | 6,191,344 |
MDU Resources Group, Inc. | 352,806 | 8,333,278 |
NorthWestern Corp. | 88,840 | 4,587,697 |
Total | 19,112,319 | |
Water Utilities 0.6% | ||
Essential Utilities, Inc. | 392,328 | 16,673,940 |
Total Utilities | 115,895,667 | |
Total Common Stocks (Cost $2,154,017,644) | 3,003,366,879 | |
Money Market Funds 0.9% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.149%(b),(c) | 27,585,008 | 27,585,008 |
Total Money Market Funds (Cost $27,584,999) | 27,585,008 | |
Total Investments in Securities (Cost: $2,181,602,643) | 3,030,951,887 | |
Other Assets & Liabilities, Net | 13,936,930 | |
Net Assets | 3,044,888,817 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
S&P Mid 400 Index E-mini | 137 | 09/2020 | USD | 26,383,460 | 798,617 | — |
S&P Mid 400 Index E-mini | 101 | 09/2020 | USD | 19,450,580 | — | (11,311) |
Total | 798,617 | (11,311) |
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at August 31, 2020. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended August 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.149% | ||||||||
20,517,021 | 373,853,280 | (366,784,608) | (685) | 27,585,008 | 11,551 | 56,138 | 27,585,008 |
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 13 |
August 31, 2020 (Unaudited)
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 54,136,492 | — | — | 54,136,492 |
Consumer Discretionary | 450,524,981 | — | — | 450,524,981 |
Consumer Staples | 116,210,179 | — | — | 116,210,179 |
Energy | 43,022,008 | — | — | 43,022,008 |
Financials | 422,124,285 | — | — | 422,124,285 |
Health Care | 335,751,200 | — | — | 335,751,200 |
Industrials | 514,372,446 | — | — | 514,372,446 |
Information Technology | 485,052,809 | — | — | 485,052,809 |
Materials | 179,948,699 | — | — | 179,948,699 |
Real Estate | 286,328,113 | — | — | 286,328,113 |
Utilities | 115,895,667 | — | — | 115,895,667 |
Total Common Stocks | 3,003,366,879 | — | — | 3,003,366,879 |
Money Market Funds | 27,585,008 | — | — | 27,585,008 |
Total Investments in Securities | 3,030,951,887 | — | — | 3,030,951,887 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 798,617 | — | — | 798,617 |
14 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Liability | ||||
Futures Contracts | (11,311) | — | — | (11,311) |
Total | 3,031,739,193 | — | — | 3,031,739,193 |
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 15 |
August 31, 2020 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $2,154,017,644) | $3,003,366,879 |
Affiliated issuers (cost $27,584,999) | 27,585,008 |
Margin deposits on: | |
Futures contracts | 1,849,500 |
Receivable for: | |
Investments sold | 23,608,351 |
Capital shares sold | 2,538,456 |
Dividends | 3,212,968 |
Expense reimbursement due from Investment Manager | 31,550 |
Prepaid expenses | 14,138 |
Total assets | 3,062,206,850 |
Liabilities | |
Payable for: | |
Investments purchased | 9,706,834 |
Capital shares purchased | 6,517,217 |
Variation margin for futures contracts | 285,311 |
Management services fees | 50,525 |
Distribution and/or service fees | 18,925 |
Transfer agent fees | 415,376 |
Compensation of board members | 232,811 |
Compensation of chief compliance officer | 330 |
Other expenses | 90,704 |
Total liabilities | 17,318,033 |
Net assets applicable to outstanding capital stock | $3,044,888,817 |
Represented by | |
Paid in capital | 2,075,573,622 |
Total distributable earnings (loss) | 969,315,195 |
Total - representing net assets applicable to outstanding capital stock | $3,044,888,817 |
Class A | |
Net assets | $911,439,007 |
Shares outstanding | 63,297,095 |
Net asset value per share | $14.40 |
Institutional Class | |
Net assets | $1,437,496,899 |
Shares outstanding | 100,289,993 |
Net asset value per share | $14.33 |
Institutional 2 Class | |
Net assets | $653,868,374 |
Shares outstanding | 44,545,312 |
Net asset value per share | $14.68 |
Institutional 3 Class | |
Net assets | $42,084,537 |
Shares outstanding | 2,996,639 |
Net asset value per share | $14.04 |
16 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
Six Months Ended August 31, 2020 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $26,002,593 |
Dividends — affiliated issuers | 56,138 |
Total income | 26,058,731 |
Expenses: | |
Management services fees | 2,915,068 |
Distribution and/or service fees | |
Class A | 1,087,908 |
Transfer agent fees | |
Class A | 531,903 |
Institutional Class | 851,100 |
Institutional 2 Class | 196,502 |
Institutional 3 Class | 2,593 |
Compensation of board members | 23,753 |
Custodian fees | 18,174 |
Printing and postage fees | 64,759 |
Registration fees | 50,939 |
Licensing fees and expenses | 13,809 |
Audit fees | 15,940 |
Legal fees | 22,336 |
Interest on interfund lending | 1,777 |
Compensation of chief compliance officer | 330 |
Other | 30,670 |
Total expenses | 5,827,561 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (1,811,842) |
Total net expenses | 4,015,719 |
Net investment income | 22,043,012 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 106,130,305 |
Investments — affiliated issuers | 11,551 |
Futures contracts | (1,108,913) |
Net realized gain | 105,032,943 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 44,170,152 |
Investments — affiliated issuers | (685) |
Futures contracts | 4,289,550 |
Net change in unrealized appreciation (depreciation) | 48,459,017 |
Net realized and unrealized gain | 153,491,960 |
Net increase in net assets resulting from operations | $175,534,972 |
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 17 |
Six Months Ended August 31, 2020 (Unaudited) | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $22,043,012 | $52,392,791 |
Net realized gain | 105,032,943 | 264,578,534 |
Net change in unrealized appreciation (depreciation) | 48,459,017 | (410,366,263) |
Net increase (decrease) in net assets resulting from operations | 175,534,972 | (93,394,938) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (38,371,515) | (67,586,479) |
Institutional Class | (62,244,563) | (107,030,985) |
Institutional 2 Class | (27,009,512) | (42,569,287) |
Institutional 3 Class | (1,655,998) | (1,743,771) |
Total distributions to shareholders | (129,281,588) | (218,930,522) |
Decrease in net assets from capital stock activity | (268,439,046) | (574,554,776) |
Total decrease in net assets | (222,185,662) | (886,880,236) |
Net assets at beginning of period | 3,267,074,479 | 4,153,954,715 |
Net assets at end of period | $3,044,888,817 | $3,267,074,479 |
18 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
Six Months Ended | Year Ended | |||
August 31, 2020 (Unaudited) | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 9,252,028 | 117,373,220 | 15,831,966 | 244,750,699 |
Distributions reinvested | 2,329,591 | 31,006,851 | 3,570,527 | 55,075,275 |
Redemptions | (18,344,825) | (237,003,302) | (36,684,751) | (571,517,309) |
Net decrease | (6,763,206) | (88,623,231) | (17,282,258) | (271,691,335) |
Institutional Class | ||||
Subscriptions | 11,078,279 | 136,499,863 | 19,312,783 | 297,752,749 |
Distributions reinvested | 3,309,484 | 43,850,659 | 4,880,426 | 74,874,392 |
Redemptions | (26,933,119) | (339,004,586) | (39,946,568) | (620,682,586) |
Net decrease | (12,545,356) | (158,654,064) | (15,753,359) | (248,055,445) |
Institutional 2 Class | ||||
Subscriptions | 8,920,018 | 115,788,997 | 15,811,518 | 250,291,819 |
Distributions reinvested | 1,552,630 | 21,053,668 | 2,198,835 | 34,502,941 |
Redemptions | (12,242,655) | (161,120,561) | (22,457,159) | (356,427,513) |
Net decrease | (1,770,007) | (24,277,896) | (4,446,806) | (71,632,753) |
Institutional 3 Class | ||||
Subscriptions | 692,242 | 8,713,658 | 1,603,685 | 24,643,173 |
Distributions reinvested | 101,852 | 1,322,043 | 107,820 | 1,623,506 |
Redemptions | (543,431) | (6,919,556) | (624,153) | (9,441,922) |
Net increase | 250,663 | 3,116,145 | 1,087,352 | 16,824,757 |
Total net decrease | (20,827,906) | (268,439,046) | (36,395,071) | (574,554,776) |
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 19 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $14.07 | 0.09 | 0.83 | 0.92 | (0.02) | (0.57) | (0.59) |
Year Ended 2/29/2020 | $15.47 | 0.18 | (0.71) | (0.53) | (0.19) | (0.68) | (0.87) |
Year Ended 2/28/2019 | $16.25 | 0.18 | 0.36 | 0.54 | (0.17) | (1.15) | (1.32) |
Year Ended 2/28/2018 | $16.05 | 0.17 | 1.26 | 1.43 | (0.16) | (1.07) | (1.23) |
Year Ended 2/28/2017 | $13.23 | 0.16 | 3.87 | 4.03 | (0.17) | (1.04) | (1.21) |
Year Ended 2/29/2016 | $16.14 | 0.16 | (1.71) | (1.55) | (0.16) | (1.20) | (1.36) |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $14.00 | 0.10 | 0.83 | 0.93 | (0.03) | (0.57) | (0.60) |
Year Ended 2/29/2020 | $15.39 | 0.22 | (0.70) | (0.48) | (0.23) | (0.68) | (0.91) |
Year Ended 2/28/2019 | $16.18 | 0.22 | 0.35 | 0.57 | (0.21) | (1.15) | (1.36) |
Year Ended 2/28/2018 | $15.99 | 0.21 | 1.25 | 1.46 | (0.20) | (1.07) | (1.27) |
Year Ended 2/28/2017 | $13.18 | 0.20 | 3.85 | 4.05 | (0.20) | (1.04) | (1.24) |
Year Ended 2/29/2016 | $16.09 | 0.20 | (1.71) | (1.51) | (0.20) | (1.20) | (1.40) |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $14.32 | 0.11 | 0.85 | 0.96 | (0.03) | (0.57) | (0.60) |
Year Ended 2/29/2020 | $15.73 | 0.22 | (0.72) | (0.50) | (0.23) | (0.68) | (0.91) |
Year Ended 2/28/2019 | $16.50 | 0.22 | 0.37 | 0.59 | (0.21) | (1.15) | (1.36) |
Year Ended 2/28/2018 | $16.28 | 0.22 | 1.27 | 1.49 | (0.20) | (1.07) | (1.27) |
Year Ended 2/28/2017 | $13.41 | 0.20 | 3.91 | 4.11 | (0.20) | (1.04) | (1.24) |
Year Ended 2/29/2016 | $16.34 | 0.20 | (1.73) | (1.53) | (0.20) | (1.20) | (1.40) |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $13.73 | 0.10 | 0.81 | 0.91 | (0.03) | (0.57) | (0.60) |
Year Ended 2/29/2020 | $15.11 | 0.21 | (0.68) | (0.47) | (0.23) | (0.68) | (0.91) |
Year Ended 2/28/2019 | $15.91 | 0.22 | 0.34 | 0.56 | (0.21) | (1.15) | (1.36) |
Year Ended 2/28/2018(f) | $16.00 | 0.21 | 0.97 | 1.18 | (0.20) | (1.07) | (1.27) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | Ratios include interfund lending expense which is less than 0.01%. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
20 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $14.40 | 6.90% | 0.59%(c),(d) | 0.45%(c),(d) | 1.33%(c) | 8% | $911,439 |
Year Ended 2/29/2020 | $14.07 | (3.88%) | 0.58%(d) | 0.45%(d),(e) | 1.16% | 14% | $986,055 |
Year Ended 2/28/2019 | $15.47 | 3.66% | 0.58% | 0.45%(e) | 1.08% | 17% | $1,351,153 |
Year Ended 2/28/2018 | $16.25 | 8.99% | 0.58% | 0.45%(e) | 1.05% | 23% | $1,543,057 |
Year Ended 2/28/2017 | $16.05 | 31.10% | 0.61% | 0.45%(e) | 1.07% | 18% | $1,602,086 |
Year Ended 2/29/2016 | $13.23 | (10.37%) | 0.66% | 0.45%(e) | 1.05% | 20% | $1,044,589 |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $14.33 | 6.99% | 0.34%(c),(d) | 0.20%(c),(d) | 1.58%(c) | 8% | $1,437,497 |
Year Ended 2/29/2020 | $14.00 | (3.59%) | 0.33%(d) | 0.20%(d),(e) | 1.40% | 14% | $1,579,863 |
Year Ended 2/28/2019 | $15.39 | 3.89% | 0.33% | 0.20%(e) | 1.33% | 17% | $1,979,350 |
Year Ended 2/28/2018 | $16.18 | 9.22% | 0.33% | 0.20%(e) | 1.30% | 23% | $2,229,366 |
Year Ended 2/28/2017 | $15.99 | 31.45% | 0.37% | 0.20%(e) | 1.32% | 18% | $2,108,834 |
Year Ended 2/29/2016 | $13.18 | (10.18%) | 0.41% | 0.20%(e) | 1.29% | 20% | $1,736,596 |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $14.68 | 7.05% | 0.28%(c),(d) | 0.20%(c),(d) | 1.58%(c) | 8% | $653,868 |
Year Ended 2/29/2020 | $14.32 | (3.65%) | 0.28%(d) | 0.20%(d) | 1.40% | 14% | $663,451 |
Year Ended 2/28/2019 | $15.73 | 3.94% | 0.27% | 0.20% | 1.33% | 17% | $798,386 |
Year Ended 2/28/2018 | $16.50 | 9.24% | 0.28% | 0.20% | 1.30% | 23% | $893,473 |
Year Ended 2/28/2017 | $16.28 | 31.35% | 0.27% | 0.20% | 1.32% | 18% | $747,812 |
Year Ended 2/29/2016 | $13.41 | (10.14%) | 0.26% | 0.20% | 1.29% | 20% | $506,524 |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $14.04 | 6.98% | 0.23%(c),(d) | 0.20%(c),(d) | 1.57%(c) | 8% | $42,085 |
Year Ended 2/29/2020 | $13.73 | (3.59%) | 0.23%(d) | 0.20%(d) | 1.41% | 14% | $37,706 |
Year Ended 2/28/2019 | $15.11 | 3.89% | 0.23% | 0.20% | 1.38% | 17% | $25,066 |
Year Ended 2/28/2018(f) | $15.91 | 7.47% | 0.22% | 0.20% | 1.33% | 23% | $8,094 |
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 21 |
August 31, 2020 (Unaudited)
22 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 23 |
August 31, 2020 (Unaudited)
24 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 798,617* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 11,311* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (1,108,913) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 4,289,550 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 52,523,660 |
* | Based on the ending quarterly outstanding amounts for the six months ended August 31, 2020. |
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 25 |
August 31, 2020 (Unaudited)
26 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Effective rate (%) | |
Class A | 0.12 |
Institutional Class | 0.12 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 27 |
August 31, 2020 (Unaudited)
Fee rate(s) contractual through June 30, 2021 | |
Class A | 0.45% |
Institutional Class | 0.20 |
Institutional 2 Class | 0.20 |
Institutional 3 Class | 0.20 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
2,181,603,000 | 1,166,062,000 | (315,926,000) | 850,136,000 |
28 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 12,950,000 | 0.81 | 6 |
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 29 |
August 31, 2020 (Unaudited)
30 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 31 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
32 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
Nature, extent and quality of services provided by Columbia Threadneedle
Columbia Mid Cap Index Fund | Semiannual Report 2020 | 33 |
The Board considered the reports of its independent fee consultant, JDL Consultants, LLC (JDL), which assisted in the Board’s analysis of the Funds’ performance and expenses, the reasonableness of the Funds’ fee rates, and JDL’s conclusion that the management fees being charged to the Fund are reasonable. The Board accorded particular weight to the notion that the 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 defined exceptions) are generally in line with the "pricing philosophy" currently in effect (i.e., 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 below the peer universe’s median expense ratio shown in the reports. Based on its review, the Board concluded that the Fund’s management fee was fair and reasonable in light of the extent and quality of services that the Fund receives.
34 | Columbia Mid Cap Index Fund | Semiannual Report 2020 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
August 31, 2020
(Unaudited)
Average annual total returns (%) (for the period ended August 31, 2020) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 11/20/01 | 1.95 | -2.84 | 5.03 | 10.04 |
Including sales charges | -3.96 | -8.41 | 3.80 | 9.39 | ||
Advisor Class* | 11/08/12 | 2.02 | -2.56 | 5.29 | 10.26 | |
Class C | Excluding sales charges | 11/20/01 | 1.65 | -3.41 | 4.28 | 9.24 |
Including sales charges | 0.67 | -4.32 | 4.28 | 9.24 | ||
Institutional Class | 11/20/01 | 2.10 | -2.55 | 5.31 | 10.33 | |
Institutional 2 Class* | 11/08/12 | 2.19 | -2.43 | 5.44 | 10.37 | |
Institutional 3 Class | 07/15/09 | 2.21 | -2.39 | 5.49 | 10.50 | |
Class R | 01/23/06 | 1.80 | -3.03 | 4.78 | 9.77 | |
Russell Midcap Value Index | 0.95 | -1.30 | 6.14 | 10.94 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. Since the Fund launched more than one share class at its inception, Class A shares were used. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 3 |
(Unaudited)
Portfolio breakdown (%) (at August 31, 2020) | |
Common Stocks | 98.9 |
Money Market Funds | 1.1 |
Total | 100.0 |
Equity sector breakdown (%) (at August 31, 2020) | |
Communication Services | 2.6 |
Consumer Discretionary | 10.3 |
Consumer Staples | 6.6 |
Energy | 3.6 |
Financials | 15.2 |
Health Care | 9.0 |
Industrials | 16.1 |
Information Technology | 11.8 |
Materials | 6.6 |
Real Estate | 9.5 |
Utilities | 8.7 |
Total | 100.0 |
4 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
(Unaudited)
March 1, 2020 — August 31, 2020 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,019.50 | 1,019.41 | 5.99 | 5.99 | 1.17 |
Advisor Class | 1,000.00 | 1,000.00 | 1,020.20 | 1,020.68 | 4.71 | 4.71 | 0.92 |
Class C | 1,000.00 | 1,000.00 | 1,016.50 | 1,015.61 | 9.81 | 9.81 | 1.92 |
Institutional Class | 1,000.00 | 1,000.00 | 1,021.00 | 1,020.68 | 4.71 | 4.71 | 0.92 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,021.90 | 1,021.34 | 4.05 | 4.05 | 0.79 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,022.10 | 1,021.54 | 3.84 | 3.84 | 0.75 |
Class R | 1,000.00 | 1,000.00 | 1,018.00 | 1,018.15 | 7.26 | 7.26 | 1.42 |
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 5 |
August 31, 2020 (Unaudited)
Common Stocks 98.9% | ||
Issuer | Shares | Value ($) |
Communication Services 2.6% | ||
Entertainment 1.3% | ||
Live Nation Entertainment, Inc.(a) | 450,000 | 25,560,000 |
Media 1.3% | ||
Nexstar Media Group, Inc., Class A | 250,000 | 24,002,500 |
Total Communication Services | 49,562,500 | |
Consumer Discretionary 10.2% | ||
Hotels, Restaurants & Leisure 2.8% | ||
Hyatt Hotels Corp., Class A | 563,975 | 31,858,948 |
Penn National Gaming, Inc.(a) | 444,150 | 22,696,065 |
Total | 54,555,013 | |
Household Durables 2.0% | ||
D.R. Horton, Inc. | 538,100 | 38,404,197 |
Multiline Retail 1.8% | ||
Dollar Tree, Inc.(a) | 359,750 | 34,633,132 |
Specialty Retail 3.6% | ||
Burlington Stores, Inc.(a) | 200,350 | 39,454,926 |
O’Reilly Automotive, Inc.(a) | 62,175 | 28,950,545 |
Total | 68,405,471 | |
Total Consumer Discretionary | 195,997,813 | |
Consumer Staples 6.5% | ||
Food & Staples Retailing 4.2% | ||
Kroger Co. (The) | 1,311,510 | 46,794,677 |
U.S. Foods Holding Corp.(a) | 1,385,365 | 33,733,638 |
Total | 80,528,315 | |
Food Products 2.3% | ||
Tyson Foods, Inc., Class A | 717,775 | 45,076,270 |
Total Consumer Staples | 125,604,585 | |
Energy 3.5% | ||
Oil, Gas & Consumable Fuels 3.5% | ||
Marathon Petroleum Corp. | 777,325 | 27,563,944 |
Noble Energy, Inc. | 2,206,290 | 21,952,586 |
WPX Energy, Inc.(a) | 3,246,385 | 18,049,901 |
Total | 67,566,431 | |
Total Energy | 67,566,431 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Financials 15.1% | ||
Banks 5.4% | ||
Popular, Inc. | 728,135 | 26,970,120 |
Regions Financial Corp. | 3,174,765 | 36,700,283 |
SVB Financial Group(a) | 157,125 | 40,126,583 |
Total | 103,796,986 | |
Consumer Finance 2.5% | ||
Discover Financial Services | 893,750 | 47,440,250 |
Diversified Financial Services 2.0% | ||
Voya Financial, Inc. | 739,250 | 38,374,468 |
Insurance 5.2% | ||
Hanover Insurance Group, Inc. (The) | 368,675 | 37,785,500 |
Lincoln National Corp. | 896,915 | 32,333,786 |
Reinsurance Group of America, Inc. | 319,450 | 29,287,176 |
Total | 99,406,462 | |
Total Financials | 289,018,166 | |
Health Care 8.9% | ||
Health Care Equipment & Supplies 2.6% | ||
Zimmer Biomet Holdings, Inc. | 354,690 | 49,968,727 |
Health Care Providers & Services 3.8% | ||
Centene Corp.(a) | 504,245 | 30,920,303 |
Quest Diagnostics, Inc. | 373,360 | 41,532,567 |
Total | 72,452,870 | |
Life Sciences Tools & Services 2.5% | ||
Agilent Technologies, Inc. | 482,985 | 48,501,354 |
Total Health Care | 170,922,951 | |
Industrials 15.9% | ||
Airlines 2.0% | ||
Southwest Airlines Co. | 1,013,612 | 38,091,539 |
Building Products 3.0% | ||
Trane Technologies PLC | 495,633 | 58,677,991 |
Electrical Equipment 2.9% | ||
AMETEK, Inc. | 561,130 | 56,505,791 |
6 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Machinery 5.4% | ||
Ingersoll Rand, Inc.(a) | 1,495,143 | 52,419,714 |
ITT, Inc. | 813,325 | 51,084,943 |
Total | 103,504,657 | |
Road & Rail 2.6% | ||
Norfolk Southern Corp. | 231,695 | 49,242,138 |
Total Industrials | 306,022,116 | |
Information Technology 11.6% | ||
Communications Equipment 2.3% | ||
Motorola Solutions, Inc. | 284,360 | 44,004,710 |
Electronic Equipment, Instruments & Components 2.0% | ||
Corning, Inc. | 1,194,600 | 38,776,716 |
IT Services 2.6% | ||
CACI International, Inc., Class A(a) | 113,650 | 26,615,694 |
Square, Inc., Class A(a) | 142,875 | 22,797,135 |
Total | 49,412,829 | |
Semiconductors & Semiconductor Equipment 4.7% | ||
Marvell Technology Group Ltd. | 1,025,750 | 39,778,585 |
ON Semiconductor Corp.(a) | 1,085,600 | 23,199,272 |
Teradyne, Inc. | 331,625 | 28,178,176 |
Total | 91,156,033 | |
Total Information Technology | 223,350,288 | |
Materials 6.6% | ||
Chemicals 4.4% | ||
Eastman Chemical Co. | 488,000 | 35,677,680 |
FMC Corp. | 448,680 | 47,945,945 |
Total | 83,623,625 | |
Metals & Mining 2.2% | ||
Freeport-McMoRan, Inc. | 2,737,345 | 42,729,955 |
Total Materials | 126,353,580 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 9.4% | ||
Equity Real Estate Investment Trusts (REITS) 9.4% | ||
Alexandria Real Estate Equities, Inc. | 230,000 | 38,727,400 |
First Industrial Realty Trust, Inc. | 1,040,375 | 44,371,993 |
Gaming and Leisure Properties, Inc. | 1,237,120 | 44,969,312 |
Welltower, Inc. | 895,590 | 51,514,337 |
Total | 179,583,042 | |
Total Real Estate | 179,583,042 | |
Utilities 8.6% | ||
Electric Utilities 1.7% | ||
Pinnacle West Capital Corp. | 434,525 | 31,872,409 |
Independent Power and Renewable Electricity Producers 2.4% | ||
AES Corp. (The) | 2,614,250 | 46,402,938 |
Multi-Utilities 4.5% | ||
Ameren Corp. | 532,275 | 42,108,275 |
CMS Energy Corp. | 747,825 | 45,235,934 |
Total | 87,344,209 | |
Total Utilities | 165,619,556 | |
Total Common Stocks (Cost $1,669,192,818) | 1,899,601,028 | |
Money Market Funds 1.1% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.149%(b),(c) | 22,031,798 | 22,031,798 |
Total Money Market Funds (Cost $22,029,483) | 22,031,798 | |
Total Investments in Securities (Cost: $1,691,222,301) | 1,921,632,826 | |
Other Assets & Liabilities, Net | (391,627) | |
Net Assets | 1,921,241,199 |
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 7 |
August 31, 2020 (Unaudited)
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at August 31, 2020. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended August 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.149% | ||||||||
20,794,404 | 198,368,432 | (197,132,755) | 1,717 | 22,031,798 | (6,417) | 55,786 | 22,031,798 |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 49,562,500 | — | — | 49,562,500 |
Consumer Discretionary | 195,997,813 | — | — | 195,997,813 |
Consumer Staples | 125,604,585 | — | — | 125,604,585 |
Energy | 67,566,431 | — | — | 67,566,431 |
Financials | 289,018,166 | — | — | 289,018,166 |
Health Care | 170,922,951 | — | — | 170,922,951 |
Industrials | 306,022,116 | — | — | 306,022,116 |
8 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Information Technology | 223,350,288 | — | — | 223,350,288 |
Materials | 126,353,580 | — | — | 126,353,580 |
Real Estate | 179,583,042 | — | — | 179,583,042 |
Utilities | 165,619,556 | — | — | 165,619,556 |
Total Common Stocks | 1,899,601,028 | — | — | 1,899,601,028 |
Money Market Funds | 22,031,798 | — | — | 22,031,798 |
Total Investments in Securities | 1,921,632,826 | — | — | 1,921,632,826 |
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 9 |
August 31, 2020 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,669,192,818) | $1,899,601,028 |
Affiliated issuers (cost $22,029,483) | 22,031,798 |
Receivable for: | |
Investments sold | 62,931,148 |
Capital shares sold | 1,620,984 |
Dividends | 3,374,940 |
Expense reimbursement due from Investment Manager | 5,642 |
Prepaid expenses | 7,425 |
Total assets | 1,989,572,965 |
Liabilities | |
Payable for: | |
Investments purchased | 65,481,520 |
Capital shares purchased | 1,898,535 |
Management services fees | 119,162 |
Distribution and/or service fees | 19,290 |
Transfer agent fees | 380,975 |
Compensation of board members | 340,213 |
Compensation of chief compliance officer | 221 |
Other expenses | 91,850 |
Total liabilities | 68,331,766 |
Net assets applicable to outstanding capital stock | $1,921,241,199 |
Represented by | |
Paid in capital | 1,722,086,411 |
Total distributable earnings (loss) | 199,154,788 |
Total - representing net assets applicable to outstanding capital stock | $1,921,241,199 |
10 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Class A | |
Net assets | $821,367,760 |
Shares outstanding | 85,639,236 |
Net asset value per share | $9.59 |
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) | $10.18 |
Advisor Class | |
Net assets | $137,519,548 |
Shares outstanding | 13,748,708 |
Net asset value per share | $10.00 |
Class C | |
Net assets | $14,201,373 |
Shares outstanding | 1,654,157 |
Net asset value per share | $8.59 |
Institutional Class | |
Net assets | $564,777,774 |
Shares outstanding | 58,674,559 |
Net asset value per share | $9.63 |
Institutional 2 Class | |
Net assets | $76,201,744 |
Shares outstanding | 7,615,353 |
Net asset value per share | $10.01 |
Institutional 3 Class | |
Net assets | $282,229,217 |
Shares outstanding | 29,441,578 |
Net asset value per share | $9.59 |
Class R | |
Net assets | $24,943,783 |
Shares outstanding | 2,614,700 |
Net asset value per share | $9.54 |
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 11 |
Six Months Ended August 31, 2020 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $15,869,061 |
Dividends — affiliated issuers | 55,786 |
Foreign taxes withheld | (50,105) |
Total income | 15,874,742 |
Expenses: | |
Management services fees | 5,352,628 |
Distribution and/or service fees | |
Class A | 660,030 |
Class C | 57,566 |
Class R | 53,487 |
Transfer agent fees | |
Class A | 494,343 |
Advisor Class | 53,722 |
Class C | 10,688 |
Institutional Class | 488,403 |
Institutional 2 Class | 19,180 |
Institutional 3 Class | 7,764 |
Class R | 19,812 |
Compensation of board members | 17,527 |
Custodian fees | 6,832 |
Printing and postage fees | 56,776 |
Registration fees | 43,303 |
Audit fees | 14,993 |
Legal fees | 12,566 |
Compensation of chief compliance officer | 66 |
Other | 15,454 |
Total expenses | 7,385,140 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (390,213) |
Fees waived by transfer agent | |
Institutional 2 Class | (5,121) |
Institutional 3 Class | (3,415) |
Total net expenses | 6,986,391 |
Net investment income | 8,888,351 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (30,604,491) |
Investments — affiliated issuers | (6,417) |
Net realized loss | (30,610,908) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 104,603,996 |
Investments — affiliated issuers | 1,717 |
Net change in unrealized appreciation (depreciation) | 104,605,713 |
Net realized and unrealized gain | 73,994,805 |
Net increase in net assets resulting from operations | $82,883,156 |
12 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
Six Months Ended August 31, 2020 (Unaudited) | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $8,888,351 | $16,536,138 |
Net realized gain (loss) | (30,610,908) | 85,770,159 |
Net change in unrealized appreciation (depreciation) | 104,605,713 | (123,238,610) |
Net increase (decrease) in net assets resulting from operations | 82,883,156 | (20,932,313) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (15,634,537) | (18,193,680) |
Advisor Class | (613,049) | (835,092) |
Class C | (373,633) | (449,205) |
Institutional Class | (20,582,796) | (24,467,859) |
Institutional 2 Class | (2,091,900) | (2,396,789) |
Institutional 3 Class | (6,612,992) | (5,612,786) |
Class R | (727,126) | (881,879) |
Total distributions to shareholders | (46,636,033) | (52,837,290) |
Increase (decrease) in net assets from capital stock activity | 539,745,355 | (149,323,097) |
Total increase (decrease) in net assets | 575,992,478 | (223,092,700) |
Net assets at beginning of period | 1,345,248,721 | 1,568,341,421 |
Net assets at end of period | $1,921,241,199 | $1,345,248,721 |
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 13 |
Six Months Ended | Year Ended | |||
August 31, 2020 (Unaudited) | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 2,429,465 | 20,298,564 | 3,720,206 | 39,978,178 |
Fund reorganization | 39,170,046 | 338,427,345 | — | — |
Distributions reinvested | 1,647,399 | 14,319,569 | 1,549,857 | 16,747,145 |
Redemptions | (6,763,615) | (58,980,498) | (11,806,729) | (126,986,064) |
Net increase (decrease) | 36,483,295 | 314,064,980 | (6,536,666) | (70,260,741) |
Advisor Class | ||||
Subscriptions | 10,012,528 | 92,195,563 | 768,934 | 8,564,800 |
Fund reorganization | 2,434,767 | 21,937,275 | — | — |
Distributions reinvested | 64,047 | 576,564 | 70,554 | 793,026 |
Redemptions | (771,946) | (6,985,703) | (862,542) | (9,750,853) |
Net increase (decrease) | 11,739,396 | 107,723,699 | (23,054) | (393,027) |
Class C | ||||
Subscriptions | 44,018 | 338,937 | 99,155 | 956,282 |
Fund reorganization | 543,360 | 4,205,613 | — | — |
Distributions reinvested | 44,083 | 347,951 | 42,422 | 413,178 |
Redemptions | (430,348) | (3,350,102) | (920,275) | (8,838,996) |
Net increase (decrease) | 201,113 | 1,542,399 | (778,698) | (7,469,536) |
Institutional Class | ||||
Subscriptions | 3,398,874 | 28,295,987 | 6,609,536 | 71,587,344 |
Fund reorganization | 5,608,529 | 48,625,920 | — | — |
Distributions reinvested | 2,233,856 | 19,413,280 | 2,108,240 | 22,834,881 |
Redemptions | (14,362,159) | (125,315,850) | (13,887,409) | (150,522,554) |
Net decrease | (3,120,900) | (28,980,663) | (5,169,633) | (56,100,329) |
Institutional 2 Class | ||||
Subscriptions | 1,113,743 | 9,813,182 | 1,675,027 | 18,814,543 |
Fund reorganization | 1,608,162 | 14,489,499 | — | — |
Distributions reinvested | 232,055 | 2,091,828 | 213,491 | 2,396,789 |
Redemptions | (1,512,761) | (13,575,581) | (2,256,270) | (25,034,276) |
Net increase (decrease) | 1,441,199 | 12,818,928 | (367,752) | (3,822,944) |
Institutional 3 Class | ||||
Subscriptions | 8,581,188 | 74,979,796 | 3,349,292 | 36,095,945 |
Fund reorganization | 8,691,673 | 75,009,378 | — | — |
Distributions reinvested | 649,362 | 5,649,688 | 391,920 | 4,224,192 |
Redemptions | (2,833,001) | (24,608,076) | (4,230,934) | (45,292,288) |
Net increase (decrease) | 15,089,222 | 131,030,786 | (489,722) | (4,972,151) |
Class R | ||||
Subscriptions | 449,937 | 3,810,414 | 504,029 | 5,369,854 |
Fund reorganization | 303,824 | 2,612,872 | — | — |
Distributions reinvested | 82,842 | 719,582 | 79,460 | 854,855 |
Redemptions | (657,226) | (5,597,642) | (1,171,497) | (12,529,078) |
Net increase (decrease) | 179,377 | 1,545,226 | (588,008) | (6,304,369) |
Total net increase (decrease) | 62,012,702 | 539,745,355 | (13,953,533) | (149,323,097) |
14 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $9.76 | 0.05 | 0.11 | 0.16 | (0.05) | (0.28) | (0.33) |
Year Ended 2/29/2020 | $10.34 | 0.10 | (0.32) | (0.22) | (0.10) | (0.26) | (0.36) |
Year Ended 2/28/2019 | $13.27 | 0.07 | 0.18 | 0.25 | (0.07) | (3.11) | (3.18) |
Year Ended 2/28/2018 | $15.19 | 0.13 | 0.80 | 0.93 | (0.14) | (2.71) | (2.85) |
Year Ended 2/28/2017 | $12.88 | 0.11 | 3.35 | 3.46 | (0.11) | (1.04) | (1.15) |
Year Ended 2/29/2016 | $17.18 | 0.06 | (2.03) | (1.97) | (0.05) | (2.28) | (2.33) |
Advisor Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $10.17 | 0.05 | 0.12 | 0.17 | (0.06) | (0.28) | (0.34) |
Year Ended 2/29/2020 | $10.75 | 0.13 | (0.33) | (0.20) | (0.12) | (0.26) | (0.38) |
Year Ended 2/28/2019 | $13.67 | 0.10 | 0.19 | 0.29 | (0.10) | (3.11) | (3.21) |
Year Ended 2/28/2018 | $15.57 | 0.17 | 0.82 | 0.99 | (0.18) | (2.71) | (2.89) |
Year Ended 2/28/2017 | $13.18 | 0.15 | 3.42 | 3.57 | (0.14) | (1.04) | (1.18) |
Year Ended 2/29/2016 | $17.52 | 0.10 | (2.07) | (1.97) | (0.09) | (2.28) | (2.37) |
Class C | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.76 | 0.02 | 0.10 | 0.12 | (0.01) | (0.28) | (0.29) |
Year Ended 2/29/2020 | $9.30 | 0.02 | (0.28) | (0.26) | (0.02) | (0.26) | (0.28) |
Year Ended 2/28/2019 | $12.29 | (0.02) | 0.14 | 0.12 | — | (3.11) | (3.11) |
Year Ended 2/28/2018 | $14.29 | 0.01 | 0.75 | 0.76 | (0.05) | (2.71) | (2.76) |
Year Ended 2/28/2017 | $12.20 | 0.00(e) | 3.17 | 3.17 | (0.04) | (1.04) | (1.08) |
Year Ended 2/29/2016 | $16.47 | (0.06) | (1.93) | (1.99) | — | (2.28) | (2.28) |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $9.80 | 0.06 | 0.11 | 0.17 | (0.06) | (0.28) | (0.34) |
Year Ended 2/29/2020 | $10.38 | 0.13 | (0.33) | (0.20) | (0.12) | (0.26) | (0.38) |
Year Ended 2/28/2019 | $13.31 | 0.10 | 0.18 | 0.28 | (0.10) | (3.11) | (3.21) |
Year Ended 2/28/2018 | $15.23 | 0.18 | 0.79 | 0.97 | (0.18) | (2.71) | (2.89) |
Year Ended 2/28/2017 | $12.91 | 0.15 | 3.35 | 3.50 | (0.14) | (1.04) | (1.18) |
Year Ended 2/29/2016 | $17.21 | 0.10 | (2.03) | (1.93) | (0.09) | (2.28) | (2.37) |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $10.17 | 0.07 | 0.11 | 0.18 | (0.06) | (0.28) | (0.34) |
Year Ended 2/29/2020 | $10.76 | 0.14 | (0.33) | (0.19) | (0.14) | (0.26) | (0.40) |
Year Ended 2/28/2019 | $13.67 | 0.11 | 0.20 | 0.31 | (0.11) | (3.11) | (3.22) |
Year Ended 2/28/2018 | $15.57 | 0.18 | 0.83 | 1.01 | (0.20) | (2.71) | (2.91) |
Year Ended 2/28/2017 | $13.18 | 0.17 | 3.42 | 3.59 | (0.16) | (1.04) | (1.20) |
Year Ended 2/29/2016 | $17.52 | 0.12 | (2.07) | (1.95) | (0.11) | (2.28) | (2.39) |
16 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $9.59 | 1.95% | 1.23%(c) | 1.17%(c) | 1.07%(c) | 36% | $821,368 |
Year Ended 2/29/2020 | $9.76 | (2.47%) | 1.21% | 1.16%(d) | 0.91% | 28% | $479,921 |
Year Ended 2/28/2019 | $10.34 | 3.57% | 1.20% | 1.17%(d) | 0.57% | 79% | $575,861 |
Year Ended 2/28/2018 | $13.27 | 5.96% | 1.18% | 1.18%(d) | 0.86% | 59% | $692,641 |
Year Ended 2/28/2017 | $15.19 | 27.41% | 1.17% | 1.17%(d) | 0.78% | 33% | $886,910 |
Year Ended 2/29/2016 | $12.88 | (12.77%) | 1.18% | 1.18%(d) | 0.37% | 47% | $837,676 |
Advisor Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $10.00 | 2.02% | 0.99%(c) | 0.92%(c) | 1.05%(c) | 36% | $137,520 |
Year Ended 2/29/2020 | $10.17 | (2.14%) | 0.96% | 0.91%(d) | 1.16% | 28% | $20,433 |
Year Ended 2/28/2019 | $10.75 | 3.79% | 0.95% | 0.92%(d) | 0.78% | 79% | $21,857 |
Year Ended 2/28/2018 | $13.67 | 6.20% | 0.93% | 0.92%(d) | 1.10% | 59% | $69,624 |
Year Ended 2/28/2017 | $15.57 | 27.70% | 0.93% | 0.93%(d) | 1.02% | 33% | $105,459 |
Year Ended 2/29/2016 | $13.18 | (12.53%) | 0.94% | 0.94%(d) | 0.64% | 47% | $63,910 |
Class C | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.59 | 1.65% | 1.97%(c) | 1.92%(c) | 0.39%(c) | 36% | $14,201 |
Year Ended 2/29/2020 | $8.76 | (3.11%) | 1.96% | 1.92%(d) | 0.17% | 28% | $12,726 |
Year Ended 2/28/2019 | $9.30 | 2.78% | 1.95% | 1.92%(d) | (0.20%) | 79% | $20,763 |
Year Ended 2/28/2018 | $12.29 | 5.09% | 1.93% | 1.92%(d) | 0.10% | 59% | $69,670 |
Year Ended 2/28/2017 | $14.29 | 26.48% | 1.92% | 1.92%(d) | 0.03% | 33% | $99,413 |
Year Ended 2/29/2016 | $12.20 | (13.42%) | 1.93% | 1.93%(d) | (0.38%) | 47% | $99,372 |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $9.63 | 2.10% | 0.98%(c) | 0.92%(c) | 1.44%(c) | 36% | $564,778 |
Year Ended 2/29/2020 | $9.80 | (2.22%) | 0.96% | 0.91%(d) | 1.16% | 28% | $605,614 |
Year Ended 2/28/2019 | $10.38 | 3.84% | 0.95% | 0.92%(d) | 0.82% | 79% | $694,941 |
Year Ended 2/28/2018 | $13.31 | 6.21% | 0.93% | 0.93%(d) | 1.20% | 59% | $837,610 |
Year Ended 2/28/2017 | $15.23 | 27.74% | 0.93% | 0.93%(d) | 1.02% | 33% | $1,421,365 |
Year Ended 2/29/2016 | $12.91 | (12.51%) | 0.93% | 0.93%(d) | 0.61% | 47% | $1,450,834 |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $10.01 | 2.19% | 0.86%(c) | 0.79%(c) | 1.51%(c) | 36% | $76,202 |
Year Ended 2/29/2020 | $10.17 | (2.12%) | 0.85% | 0.80% | 1.27% | 28% | $62,808 |
Year Ended 2/28/2019 | $10.76 | 3.99% | 0.83% | 0.80% | 0.89% | 79% | $70,379 |
Year Ended 2/28/2018 | $13.67 | 6.33% | 0.82% | 0.82% | 1.17% | 59% | $82,174 |
Year Ended 2/28/2017 | $15.57 | 27.86% | 0.80% | 0.80% | 1.15% | 33% | $88,789 |
Year Ended 2/29/2016 | $13.18 | (12.40%) | 0.79% | 0.79% | 0.76% | 47% | $58,924 |
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 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 | |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $9.76 | 0.07 | 0.11 | 0.18 | (0.07) | (0.28) | (0.35) |
Year Ended 2/29/2020 | $10.34 | 0.14 | (0.32) | (0.18) | (0.14) | (0.26) | (0.40) |
Year Ended 2/28/2019 | $13.27 | 0.12 | 0.18 | 0.30 | (0.12) | (3.11) | (3.23) |
Year Ended 2/28/2018 | $15.20 | 0.14 | 0.84 | 0.98 | (0.20) | (2.71) | (2.91) |
Year Ended 2/28/2017 | $12.89 | 0.17 | 3.35 | 3.52 | (0.17) | (1.04) | (1.21) |
Year Ended 2/29/2016 | $17.19 | 0.13 | (2.03) | (1.90) | (0.12) | (2.28) | (2.40) |
Class R | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $9.71 | 0.04 | 0.10 | 0.14 | (0.03) | (0.28) | (0.31) |
Year Ended 2/29/2020 | $10.29 | 0.07 | (0.32) | (0.25) | (0.07) | (0.26) | (0.33) |
Year Ended 2/28/2019 | $13.22 | 0.04 | 0.18 | 0.22 | (0.04) | (3.11) | (3.15) |
Year Ended 2/28/2018 | $15.14 | 0.09 | 0.80 | 0.89 | (0.10) | (2.71) | (2.81) |
Year Ended 2/28/2017 | $12.84 | 0.08 | 3.33 | 3.41 | (0.07) | (1.04) | (1.11) |
Year Ended 2/29/2016 | $17.14 | 0.02 | (2.03) | (2.01) | (0.01) | (2.28) | (2.29) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Rounds to zero. |
18 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $9.59 | 2.21% | 0.80%(c) | 0.75%(c) | 1.49%(c) | 36% | $282,229 |
Year Ended 2/29/2020 | $9.76 | (2.07%) | 0.80% | 0.75% | 1.32% | 28% | $140,100 |
Year Ended 2/28/2019 | $10.34 | 4.02% | 0.78% | 0.76% | 0.97% | 79% | $153,442 |
Year Ended 2/28/2018 | $13.27 | 6.34% | 0.77% | 0.77% | 0.98% | 59% | $239,180 |
Year Ended 2/28/2017 | $15.20 | 27.94% | 0.75% | 0.75% | 1.19% | 33% | $78,828 |
Year Ended 2/29/2016 | $12.89 | (12.35%) | 0.74% | 0.74% | 0.81% | 47% | $44,147 |
Class R | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $9.54 | 1.80% | 1.48%(c) | 1.42%(c) | 0.92%(c) | 36% | $24,944 |
Year Ended 2/29/2020 | $9.71 | (2.72%) | 1.46% | 1.41%(d) | 0.66% | 28% | $23,646 |
Year Ended 2/28/2019 | $10.29 | 3.34% | 1.45% | 1.42%(d) | 0.32% | 79% | $31,097 |
Year Ended 2/28/2018 | $13.22 | 5.71% | 1.43% | 1.42%(d) | 0.61% | 59% | $41,290 |
Year Ended 2/28/2017 | $15.14 | 27.10% | 1.42% | 1.42%(d) | 0.54% | 33% | $53,457 |
Year Ended 2/29/2016 | $12.84 | (13.02%) | 1.43% | 1.43%(d) | 0.11% | 47% | $52,550 |
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 19 |
August 31, 2020 (Unaudited)
20 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 21 |
August 31, 2020 (Unaudited)
22 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Effective rate (%) | |
Class A | 0.19 |
Advisor Class | 0.19 |
Class C | 0.19 |
Institutional Class | 0.18 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Class R | 0.18 |
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 23 |
August 31, 2020 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a),(b) | 51,954 |
Class C | — | 1.00(a),(b) | 1,130 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
July 1, 2020 through June 30, 2021 | Prior to July 1, 2020 | |
Class A | 1.17% | 1.17% |
Advisor Class | 0.92 | 0.92 |
Class C | 1.92 | 1.92 |
Institutional Class | 0.92 | 0.92 |
Institutional 2 Class | 0.78 | 0.80 |
Institutional 3 Class | 0.74 | 0.76 |
Class R | 1.42 | 1.42 |
24 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,691,222,000 | 329,731,000 | (99,320,000) | 230,411,000 |
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 25 |
August 31, 2020 (Unaudited)
Shares | |
Class A | 39,170,046 |
Advisor Class | 2,434,767 |
Class C | 543,360 |
Institutional Class | 5,608,529 |
Institutional 2 Class | 1,608,162 |
Institutional 3 Class | 8,691,673 |
Class R | 303,824 |
26 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 27 |
August 31, 2020 (Unaudited)
28 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 29 |
Nature, extent and quality of services provided by Columbia Threadneedle
30 | Columbia Select Mid Cap Value Fund | Semiannual Report 2020 |
The Board considered the reports of its independent fee consultant, JDL Consultants, LLC (JDL), which assisted in the Board’s analysis of the Funds’ performance and expenses, the reasonableness of the Funds’ fee rates, and JDL’s conclusion that the management fees being charged to the Fund are reasonable. The Board accorded particular weight to the notion that the 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 defined exceptions) are generally in line with the "pricing philosophy" currently in effect (i.e., 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 slightly below the peer universe’s median expense ratio shown in the reports. Based on its review, the Board concluded that the Fund’s management fee was fair and reasonable in light of the extent and quality of services that the Fund receives.
Columbia Select Mid Cap Value Fund | Semiannual Report 2020 | 31 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
August 31, 2020
(Unaudited)
Average annual total returns (%) (for the period ended August 31, 2020) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 05/01/02 | -0.68 | -5.65 | 2.80 | 9.00 |
Including sales charges | -6.42 | -11.07 | 1.59 | 8.35 | ||
Advisor Class* | 11/08/12 | -0.50 | -5.35 | 3.07 | 9.21 | |
Class C | Excluding sales charges | 05/01/02 | -1.07 | -6.39 | 2.02 | 8.19 |
Including sales charges | -2.06 | -7.31 | 2.02 | 8.19 | ||
Institutional Class | 05/01/02 | -0.52 | -5.35 | 3.07 | 9.27 | |
Institutional 2 Class* | 11/08/12 | -0.36 | -5.15 | 3.23 | 9.34 | |
Institutional 3 Class* | 11/08/12 | -0.35 | -5.16 | 3.28 | 9.39 | |
Class R | 01/23/06 | -0.78 | -5.84 | 2.55 | 8.73 | |
Russell 2000 Value Index | -3.66 | -6.14 | 4.37 | 8.71 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. Since the Fund launched more than one share class at its inception, Class A shares were used. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 3 |
(Unaudited)
Portfolio breakdown (%) (at August 31, 2020) | |
Common Stocks | 98.3 |
Money Market Funds | 1.7 |
Total | 100.0 |
Equity sector breakdown (%) (at August 31, 2020) | |
Communication Services | 3.1 |
Consumer Discretionary | 9.9 |
Consumer Staples | 3.2 |
Energy | 3.7 |
Financials | 26.6 |
Health Care | 5.8 |
Industrials | 17.7 |
Information Technology | 11.1 |
Materials | 7.2 |
Real Estate | 7.0 |
Utilities | 4.7 |
Total | 100.0 |
4 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
(Unaudited)
March 1, 2020 — August 31, 2020 | |||||||
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 | 993.20 | 1,018.80 | 6.52 | 6.60 | 1.29 |
Advisor Class | 1,000.00 | 1,000.00 | 995.00 | 1,020.07 | 5.26 | 5.32 | 1.04 |
Class C | 1,000.00 | 1,000.00 | 989.30 | 1,015.00 | 10.28 | 10.42 | 2.04 |
Institutional Class | 1,000.00 | 1,000.00 | 994.80 | 1,020.07 | 5.26 | 5.32 | 1.04 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 996.40 | 1,020.83 | 4.50 | 4.56 | 0.89 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 996.50 | 1,021.08 | 4.25 | 4.30 | 0.84 |
Class R | 1,000.00 | 1,000.00 | 992.20 | 1,017.54 | 7.78 | 7.87 | 1.54 |
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 5 |
August 31, 2020 (Unaudited)
Common Stocks 98.2% | ||
Issuer | Shares | Value ($) |
Communication Services 3.0% | ||
Diversified Telecommunication Services 1.4% | ||
Vonage Holdings Corp.(a) | 1,258,800 | 14,413,260 |
Media 1.6% | ||
Nexstar Media Group, Inc., Class A | 175,000 | 16,801,750 |
Total Communication Services | 31,215,010 | |
Consumer Discretionary 9.8% | ||
Auto Components 1.2% | ||
Visteon Corp.(a) | 164,400 | 12,400,692 |
Hotels, Restaurants & Leisure 4.1% | ||
Caesars Entertainment, Inc.(a) | 189,200 | 8,665,360 |
Carrols Restaurant Group, Inc.(a) | 705,000 | 4,695,300 |
Dine Brands Global, Inc. | 210,000 | 12,507,600 |
Marriott Vacations Worldwide Corp. | 95,900 | 9,078,853 |
Papa John’s International, Inc. | 75,000 | 7,371,750 |
Total | 42,318,863 | |
Household Durables 3.0% | ||
KB Home | 413,500 | 14,786,760 |
TopBuild Corp.(a) | 105,000 | 16,149,000 |
Total | 30,935,760 | |
Specialty Retail 1.5% | ||
Children’s Place, Inc. (The) | 198,200 | 3,957,063 |
Genesco, Inc.(a) | 350,093 | 6,826,813 |
Sally Beauty Holdings, Inc.(a) | 438,294 | 4,891,361 |
Total | 15,675,237 | |
Total Consumer Discretionary | 101,330,552 | |
Consumer Staples 3.2% | ||
Food & Staples Retailing 1.5% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 356,000 | 15,809,960 |
Food Products 0.8% | ||
TreeHouse Foods, Inc.(a) | 184,200 | 7,885,602 |
Personal Products 0.9% | ||
BellRing Brands, Inc., Class A(a) | 462,000 | 8,981,280 |
Total Consumer Staples | 32,676,842 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Energy 3.7% | ||
Energy Equipment & Services 0.6% | ||
Patterson-UTI Energy, Inc. | 1,521,900 | 5,859,315 |
Oil, Gas & Consumable Fuels 3.1% | ||
Cimarex Energy Co. | 280,000 | 7,778,400 |
Delek U.S. Holdings, Inc. | 324,083 | 5,097,826 |
Ovintiv, Inc. | 557,700 | 6,179,316 |
Scorpio Tankers, Inc. | 350,830 | 4,153,827 |
WPX Energy, Inc.(a) | 1,650,600 | 9,177,336 |
Total | 32,386,705 | |
Total Energy | 38,246,020 | |
Financials 26.1% | ||
Banks 15.2% | ||
Ameris Bancorp | 356,128 | 8,732,259 |
Atlantic Union Bankshares Corp. | 569,754 | 13,252,478 |
Bancorp, Inc. (The)(a) | 875,000 | 8,312,500 |
Cathay General Bancorp | 424,147 | 10,472,189 |
Community Bank System, Inc. | 275,600 | 16,582,852 |
Hancock Whitney Corp. | 358,000 | 7,163,580 |
Heritage Commerce Corp. | 587,847 | 4,073,780 |
Heritage Financial Corp. | 376,168 | 7,500,790 |
Independent Bank Corp. | 211,104 | 13,267,886 |
OceanFirst Financial Corp. | 382,800 | 5,975,508 |
Pacific Premier Bancorp, Inc. | 459,400 | 10,377,846 |
Renasant Corp. | 432,062 | 10,961,413 |
Sandy Spring Bancorp, Inc. | 457,422 | 10,941,534 |
TCF Financial Corp. | 411,110 | 11,050,637 |
Triumph Bancorp, Inc.(a) | 244,000 | 6,968,640 |
UMB Financial Corp. | 236,291 | 12,693,553 |
Total | 158,327,445 | |
Capital Markets 2.0% | ||
Cowen, Inc. | 234,200 | 4,236,678 |
Focus Financial Partners, Inc., Class A(a) | 179,500 | 6,352,505 |
Houlihan Lokey, Inc. | 182,000 | 10,665,200 |
Total | 21,254,383 |
6 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Finance 0.6% | ||
SLM Corp. | 796,300 | 6,083,732 |
Insurance 2.2% | ||
AMERISAFE, Inc. | 207,200 | 13,826,456 |
Argo Group International Holdings Ltd. | 228,075 | 8,470,705 |
Total | 22,297,161 | |
Mortgage Real Estate Investment Trusts (REITS) 2.4% | ||
Blackstone Mortgage Trust, Inc. | 275,500 | 6,548,635 |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 250,000 | 10,615,000 |
Starwood Property Trust, Inc. | 494,500 | 7,714,200 |
Total | 24,877,835 | |
Thrifts & Mortgage Finance 3.7% | ||
Axos Financial, Inc.(a) | 438,372 | 10,862,858 |
MGIC Investment Corp. | 1,038,200 | 9,520,294 |
Radian Group, Inc. | 459,000 | 7,086,960 |
WSFS Financial Corp. | 380,068 | 11,135,993 |
Total | 38,606,105 | |
Total Financials | 271,446,661 | |
Health Care 5.7% | ||
Biotechnology 1.6% | ||
Arena Pharmaceuticals, Inc.(a) | 89,000 | 6,213,980 |
Dynavax Technologies Corp.(a) | 354,300 | 2,118,714 |
Immunomedics, Inc.(a) | 65,300 | 2,909,768 |
Novavax, Inc.(a) | 50,100 | 5,528,034 |
Total | 16,770,496 | |
Health Care Equipment & Supplies 0.9% | ||
Merit Medical Systems, Inc.(a) | 194,000 | 9,525,400 |
Health Care Providers & Services 2.3% | ||
LHC Group, Inc.(a) | 43,800 | 9,129,672 |
R1 RCM, Inc.(a) | 1,005,600 | 14,581,200 |
Total | 23,710,872 | |
Life Sciences Tools & Services 0.6% | ||
Syneos Health, Inc.(a) | 96,000 | 6,057,600 |
Pharmaceuticals 0.3% | ||
Horizon Therapeutics PLC(a) | 42,000 | 3,155,040 |
Total Health Care | 59,219,408 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Industrials 17.3% | ||
Aerospace & Defense 0.7% | ||
Moog, Inc., Class A | 123,500 | 7,445,815 |
Air Freight & Logistics 0.9% | ||
Air Transport Services Group, Inc.(a) | 346,400 | 8,805,488 |
Airlines 0.8% | ||
Skywest, Inc. | 236,500 | 7,958,225 |
Building Products 1.0% | ||
Masonite International Corp.(a) | 119,000 | 10,863,510 |
Construction & Engineering 2.9% | ||
API Group Corp.(a) | 399,900 | 5,654,586 |
EMCOR Group, Inc. | 140,200 | 10,516,402 |
MasTec, Inc.(a) | 304,300 | 14,061,703 |
Total | 30,232,691 | |
Electrical Equipment 3.1% | ||
Bloom Energy Corp., Class A(a) | 902,000 | 14,125,320 |
Sunrun, Inc.(a) | 327,900 | 18,544,385 |
Total | 32,669,705 | |
Machinery 2.1% | ||
Altra Industrial Motion Corp. | 211,600 | 8,262,980 |
Evoqua Water Technologies Corp.(a) | 675,000 | 13,810,500 |
Total | 22,073,480 | |
Professional Services 2.8% | ||
ICF International, Inc. | 170,000 | 11,612,700 |
Kforce, Inc. | 306,156 | 10,513,397 |
Korn/Ferry International | 229,720 | 7,006,460 |
Total | 29,132,557 | |
Road & Rail 0.9% | ||
Werner Enterprises, Inc. | 204,600 | 9,413,646 |
Trading Companies & Distributors 2.1% | ||
Herc Holdings Inc(a) | 117,808 | 4,824,238 |
NOW, Inc.(a) | 758,744 | 5,516,069 |
Triton International Ltd. | 312,087 | 11,253,857 |
Total | 21,594,164 | |
Total Industrials | 180,189,281 |
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 7 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Information Technology 10.9% | ||
Communications Equipment 1.4% | ||
Harmonic, Inc.(a) | 880,000 | 5,192,000 |
Viavi Solutions, Inc.(a) | 735,440 | 9,807,092 |
Total | 14,999,092 | |
IT Services 2.2% | ||
KBR, Inc. | 525,000 | 13,119,750 |
Science Applications International Corp. | 115,817 | 9,666,087 |
Total | 22,785,837 | |
Semiconductors & Semiconductor Equipment 5.0% | ||
Cohu, Inc. | 552,478 | 9,502,622 |
Diodes, Inc.(a) | 150,000 | 7,329,000 |
Kulicke & Soffa Industries, Inc. | 219,254 | 5,257,711 |
MACOM Technology Solutions Holdings, Inc.(a) | 215,600 | 7,681,828 |
Photronics, Inc.(a) | 414,975 | 4,162,199 |
Synaptics, Inc.(a) | 120,000 | 10,239,600 |
Ultra Clean Holdings, Inc.(a) | 301,100 | 7,382,972 |
Total | 51,555,932 | |
Software 2.3% | ||
Avaya Holdings Corp.(a) | 270,100 | 4,191,952 |
Cerence, Inc.(a) | 214,300 | 11,400,760 |
Medallia, Inc.(a) | 240,600 | 8,707,314 |
Total | 24,300,026 | |
Total Information Technology | 113,640,887 | |
Materials 7.0% | ||
Chemicals 1.1% | ||
Livent Corp.(a) | 360,000 | 3,052,800 |
Orion Engineered Carbons SA | 722,600 | 8,779,590 |
Total | 11,832,390 | |
Construction Materials 1.1% | ||
Summit Materials, Inc., Class A(a) | 754,000 | 11,227,060 |
Metals & Mining 3.5% | ||
Arconic Corp.(a) | 377,000 | 8,388,250 |
Carpenter Technology Corp. | 219,202 | 4,609,818 |
Cleveland-Cliffs, Inc. | 1,238,375 | 8,148,507 |
Hecla Mining Co. | 745,000 | 4,484,900 |
Materion Corp. | 193,423 | 10,558,962 |
Total | 36,190,437 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Paper & Forest Products 1.3% | ||
Boise Cascade Co. | 301,200 | 13,794,960 |
Total Materials | 73,044,847 | |
Real Estate 6.9% | ||
Equity Real Estate Investment Trusts (REITS) 6.9% | ||
American Assets Trust, Inc. | 317,500 | 8,112,125 |
First Industrial Realty Trust, Inc. | 411,200 | 17,537,680 |
Hudson Pacific Properties, Inc. | 260,000 | 6,104,800 |
Investors Real Estate Trust | 129,100 | 9,179,010 |
Mack-Cali Realty Corp. | 492,900 | 6,225,327 |
PS Business Parks, Inc. | 90,000 | 11,358,000 |
Sabra Health Care REIT, Inc. | 471,200 | 6,987,896 |
Sunstone Hotel Investors, Inc. | 757,800 | 6,312,474 |
Total | 71,817,312 | |
Total Real Estate | 71,817,312 | |
Utilities 4.6% | ||
Electric Utilities 1.9% | ||
PNM Resources, Inc. | 243,184 | 10,622,277 |
Portland General Electric Co. | 238,116 | 9,084,125 |
Total | 19,706,402 | |
Gas Utilities 2.7% | ||
New Jersey Resources Corp. | 260,300 | 7,845,442 |
ONE Gas, Inc. | 140,275 | 10,397,183 |
South Jersey Industries, Inc. | 309,120 | 6,847,008 |
Southwest Gas Holdings, Inc. | 50,511 | 3,175,627 |
Total | 28,265,260 | |
Total Utilities | 47,971,662 | |
Total Common Stocks (Cost $891,718,692) | 1,020,798,482 | |
Money Market Funds 1.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.149%(b),(c) | 17,866,108 | 17,866,108 |
Total Money Market Funds (Cost $17,861,915) | 17,866,108 | |
Total Investments in Securities (Cost: $909,580,607) | 1,038,664,590 | |
Other Assets & Liabilities, Net | 818,125 | |
Net Assets | 1,039,482,715 |
8 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at August 31, 2020. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended August 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.149% | ||||||||
22.340,097 | 137,989,517 | (142,467,577) | 4,071 | 17,866,108 | (4,724) | 72,005 | 17,866,108 |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 31,215,010 | — | — | 31,215,010 |
Consumer Discretionary | 101,330,552 | — | — | 101,330,552 |
Consumer Staples | 32,676,842 | — | — | 32,676,842 |
Energy | 38,246,020 | — | — | 38,246,020 |
Financials | 271,446,661 | — | — | 271,446,661 |
Health Care | 59,219,408 | — | — | 59,219,408 |
Industrials | 180,189,281 | — | — | 180,189,281 |
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 9 |
August 31, 2020 (Unaudited)
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Information Technology | 113,640,887 | — | — | 113,640,887 |
Materials | 73,044,847 | — | — | 73,044,847 |
Real Estate | 71,817,312 | — | — | 71,817,312 |
Utilities | 47,971,662 | — | — | 47,971,662 |
Total Common Stocks | 1,020,798,482 | — | — | 1,020,798,482 |
Money Market Funds | 17,866,108 | — | — | 17,866,108 |
Total Investments in Securities | 1,038,664,590 | — | — | 1,038,664,590 |
10 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $891,718,692) | $1,020,798,482 |
Affiliated issuers (cost $17,861,915) | 17,866,108 |
Receivable for: | |
Investments sold | 4,127,708 |
Capital shares sold | 652,002 |
Dividends | 836,588 |
Expense reimbursement due from Investment Manager | 5,823 |
Prepaid expenses | 6,304 |
Other assets | 389 |
Total assets | 1,044,293,404 |
Liabilities | |
Payable for: | |
Investments purchased | 1,947,460 |
Capital shares purchased | 2,435,001 |
Management services fees | 72,896 |
Distribution and/or service fees | 2,075 |
Transfer agent fees | 165,206 |
Compensation of board members | 142,119 |
Compensation of chief compliance officer | 115 |
Other expenses | 45,817 |
Total liabilities | 4,810,689 |
Net assets applicable to outstanding capital stock | $1,039,482,715 |
Represented by | |
Paid in capital | 912,741,689 |
Total distributable earnings (loss) | 126,741,026 |
Total - representing net assets applicable to outstanding capital stock | $1,039,482,715 |
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 11 |
August 31, 2020 (Unaudited)
Class A | |
Net assets | $87,089,356 |
Shares outstanding | 6,833,832 |
Net asset value per share | $12.74 |
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) | $13.52 |
Advisor Class | |
Net assets | $54,970,872 |
Shares outstanding | 4,125,154 |
Net asset value per share | $13.33 |
Class C | |
Net assets | $265,239 |
Shares outstanding | 24,505 |
Net asset value per share | $10.82 |
Institutional Class | |
Net assets | $312,134,751 |
Shares outstanding | 24,030,439 |
Net asset value per share | $12.99 |
Institutional 2 Class | |
Net assets | $164,269,326 |
Shares outstanding | 12,288,495 |
Net asset value per share | $13.37 |
Institutional 3 Class | |
Net assets | $416,440,075 |
Shares outstanding | 31,039,100 |
Net asset value per share | $13.42 |
Class R | |
Net assets | $4,313,096 |
Shares outstanding | 346,088 |
Net asset value per share | $12.46 |
12 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
Six Months Ended August 31, 2020 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $9,074,443 |
Dividends — affiliated issuers | 72,005 |
Interfund lending | 467 |
Foreign taxes withheld | (17,071) |
Total income | 9,129,844 |
Expenses: | |
Management services fees | 4,054,256 |
Distribution and/or service fees | |
Class A | 105,324 |
Class C | 1,272 |
Class R | 10,452 |
Transfer agent fees | |
Class A | 106,198 |
Advisor Class | 63,858 |
Class C | 320 |
Institutional Class | 368,146 |
Institutional 2 Class | 42,666 |
Institutional 3 Class | 17,004 |
Class R | 5,262 |
Compensation of board members | 10,440 |
Custodian fees | 4,944 |
Printing and postage fees | 63,366 |
Registration fees | 59,464 |
Audit fees | 15,509 |
Legal fees | 10,258 |
Compensation of chief compliance officer | 101 |
Other | 13,464 |
Total expenses | 4,952,304 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (304,112) |
Fees waived by transfer agent | |
Institutional 2 Class | (6,641) |
Institutional 3 Class | (16,906) |
Total net expenses | 4,624,645 |
Net investment income | 4,505,199 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (5,433,721) |
Investments — affiliated issuers | (4,724) |
Net realized loss | (5,438,445) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 9,411,853 |
Investments — affiliated issuers | 4,071 |
Net change in unrealized appreciation (depreciation) | 9,415,924 |
Net realized and unrealized gain | 3,977,479 |
Net increase in net assets resulting from operations | $8,482,678 |
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 13 |
Six Months Ended August 31, 2020 (Unaudited) | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $4,505,199 | $9,180,387 |
Net realized gain (loss) | (5,438,445) | 36,407,713 |
Net change in unrealized appreciation (depreciation) | 9,415,924 | (180,738,386) |
Net increase (decrease) in net assets resulting from operations | 8,482,678 | (135,150,286) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (419,898) | (4,629,633) |
Advisor Class | (247,145) | (2,829,163) |
Class C | (1,335) | (14,654) |
Institutional Class | (1,426,215) | (18,063,603) |
Institutional 2 Class | (691,510) | (5,168,504) |
Institutional 3 Class | (1,843,300) | (17,932,579) |
Class R | (21,635) | (193,575) |
Total distributions to shareholders | (4,651,038) | (48,831,711) |
Decrease in net assets from capital stock activity | (14,017,965) | (154,699,888) |
Total decrease in net assets | (10,186,325) | (338,681,885) |
Net assets at beginning of period | 1,049,669,040 | 1,388,350,925 |
Net assets at end of period | $1,039,482,715 | $1,049,669,040 |
14 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
Six Months Ended | Year Ended | |||
August 31, 2020 (Unaudited) | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 842,446 | 9,257,989 | 1,128,509 | 16,444,144 |
Distributions reinvested | 33,948 | 398,892 | 302,813 | 4,394,997 |
Redemptions | (1,751,675) | (20,685,432) | (3,263,115) | (47,746,037) |
Net decrease | (875,281) | (11,028,551) | (1,831,793) | (26,906,896) |
Advisor Class | ||||
Subscriptions | 741,725 | 8,635,907 | 1,364,084 | 20,859,626 |
Distributions reinvested | 18,075 | 221,961 | 166,033 | 2,514,893 |
Redemptions | (900,217) | (10,450,790) | (2,723,530) | (40,250,402) |
Net decrease | (140,417) | (1,592,922) | (1,193,413) | (16,875,883) |
Class C | ||||
Subscriptions | 6,251 | 54,583 | 9,012 | 112,200 |
Distributions reinvested | 128 | 1,281 | 1,135 | 14,077 |
Redemptions | (10,476) | (95,062) | (28,744) | (357,291) |
Net decrease | (4,097) | (39,198) | (18,597) | (231,014) |
Institutional Class | ||||
Subscriptions | 2,311,221 | 25,877,288 | 3,109,684 | 46,141,517 |
Distributions reinvested | 112,718 | 1,349,231 | 1,027,977 | 15,180,360 |
Redemptions | (5,108,996) | (60,835,456) | (12,918,930) | (193,587,184) |
Net decrease | (2,685,057) | (33,608,937) | (8,781,269) | (132,265,307) |
Institutional 2 Class | ||||
Subscriptions | 3,825,895 | 44,196,772 | 5,180,994 | 79,089,210 |
Distributions reinvested | 56,090 | 691,031 | 340,860 | 5,167,220 |
Redemptions | (2,292,622) | (26,448,870) | (2,341,608) | (35,677,107) |
Net increase | 1,589,363 | 18,438,933 | 3,180,246 | 48,579,323 |
Institutional 3 Class | ||||
Subscriptions | 7,714,416 | 82,111,090 | 7,724,688 | 118,282,901 |
Distributions reinvested | 137,462 | 1,699,030 | 1,031,813 | 15,703,907 |
Redemptions | (5,855,493) | (69,598,996) | (10,480,149) | (160,516,189) |
Net increase (decrease) | 1,996,385 | 14,211,124 | (1,723,648) | (26,529,381) |
Class R | ||||
Subscriptions | 40,417 | 442,620 | 45,723 | 653,463 |
Distributions reinvested | 1,882 | 21,635 | 13,615 | 193,575 |
Redemptions | (76,177) | (862,669) | (91,649) | (1,317,768) |
Net decrease | (33,878) | (398,414) | (32,311) | (470,730) |
Total net decrease | (152,982) | (14,017,965) | (10,400,785) | (154,699,888) |
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 15 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $12.89 | 0.04 | (0.13)(c) | (0.09) | — | (0.06) | (0.06) |
Year Ended 2/29/2020 | $15.11 | 0.06 | (1.76) | (1.70) | (0.09) | (0.43) | (0.52) |
Year Ended 2/28/2019 | $17.11 | 0.03 | (0.10) | (0.07) | (0.01) | (1.92) | (1.93) |
Year Ended 2/28/2018 | $18.01 | 0.01 | 0.75 | 0.76 | (0.01) | (1.65) | (1.66) |
Year Ended 2/28/2017 | $14.07 | 0.01 | 4.85 | 4.86 | (0.03) | (0.89) | (0.92) |
Year Ended 2/29/2016 | $17.60 | 0.02 | (1.65) | (1.63) | — | (1.90) | (1.90) |
Advisor Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $13.46 | 0.05 | (0.12)(c) | (0.07) | — | (0.06) | (0.06) |
Year Ended 2/29/2020 | $15.75 | 0.10 | (1.83) | (1.73) | (0.13) | (0.43) | (0.56) |
Year Ended 2/28/2019 | $17.75 | 0.07 | (0.11) | (0.04) | (0.04) | (1.92) | (1.96) |
Year Ended 2/28/2018 | $18.61 | 0.05 | 0.79 | 0.84 | (0.05) | (1.65) | (1.70) |
Year Ended 2/28/2017 | $14.52 | 0.05 | 5.00 | 5.05 | (0.07) | (0.89) | (0.96) |
Year Ended 2/29/2016 | $18.08 | 0.07 | (1.70) | (1.63) | (0.03) | (1.90) | (1.93) |
Class C | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $11.00 | (0.01) | (0.11)(c) | (0.12) | — | (0.06) | (0.06) |
Year Ended 2/29/2020 | $12.96 | (0.04) | (1.51) | (1.55) | — | (0.41) | (0.41) |
Year Ended 2/28/2019 | $15.06 | (0.11) | (0.07) | (0.18) | — | (1.92) | (1.92) |
Year Ended 2/28/2018 | $16.13 | (0.11) | 0.68 | 0.57 | — | (1.64) | (1.64) |
Year Ended 2/28/2017 | $12.75 | (0.10) | 4.37 | 4.27 | (0.00)(f) | (0.89) | (0.89) |
Year Ended 2/29/2016 | $16.25 | (0.09) | (1.51) | (1.60) | — | (1.90) | (1.90) |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $13.12 | 0.05 | (0.12)(c) | (0.07) | — | (0.06) | (0.06) |
Year Ended 2/29/2020 | $15.37 | 0.10 | (1.79) | (1.69) | (0.13) | (0.43) | (0.56) |
Year Ended 2/28/2019 | $17.37 | 0.07 | (0.11) | (0.04) | (0.04) | (1.92) | (1.96) |
Year Ended 2/28/2018 | $18.25 | 0.05 | 0.77 | 0.82 | (0.05) | (1.65) | (1.70) |
Year Ended 2/28/2017 | $14.25 | 0.05 | 4.91 | 4.96 | (0.07) | (0.89) | (0.96) |
Year Ended 2/29/2016 | $17.78 | 0.07 | (1.67) | (1.60) | (0.03) | (1.90) | (1.93) |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $13.48 | 0.06 | (0.11)(c) | (0.05) | — | (0.06) | (0.06) |
Year Ended 2/29/2020 | $15.78 | 0.12 | (1.84) | (1.72) | (0.15) | (0.43) | (0.58) |
Year Ended 2/28/2019 | $17.78 | 0.10 | (0.11) | (0.01) | (0.07) | (1.92) | (1.99) |
Year Ended 2/28/2018 | $18.63 | 0.08 | 0.79 | 0.87 | (0.07) | (1.65) | (1.72) |
Year Ended 2/28/2017 | $14.53 | 0.07 | 5.01 | 5.08 | (0.09) | (0.89) | (0.98) |
Year Ended 2/29/2016 | $18.09 | 0.10 | (1.71) | (1.61) | (0.05) | (1.90) | (1.95) |
16 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $12.74 | (0.68%) | 1.38%(d) | 1.29%(d) | 0.62%(d) | 28% | $87,089 |
Year Ended 2/29/2020 | $12.89 | (11.58%) | 1.36% | 1.28%(e) | 0.40% | 27% | $99,356 |
Year Ended 2/28/2019 | $15.11 | (0.15%) | 1.35% | 1.27%(e) | 0.17% | 38% | $144,155 |
Year Ended 2/28/2018 | $17.11 | 4.45% | 1.33% | 1.29%(e) | 0.04% | 45% | $165,419 |
Year Ended 2/28/2017 | $18.01 | 34.98% | 1.30% | 1.30%(e) | 0.06% | 58% | $201,649 |
Year Ended 2/29/2016 | $14.07 | (10.48%) | 1.30% | 1.30%(e) | 0.15% | 57% | $197,263 |
Advisor Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $13.33 | (0.50%) | 1.13%(d) | 1.04%(d) | 0.87%(d) | 28% | $54,971 |
Year Ended 2/29/2020 | $13.46 | (11.34%) | 1.11% | 1.03%(e) | 0.64% | 27% | $57,400 |
Year Ended 2/28/2019 | $15.75 | 0.09% | 1.10% | 1.02%(e) | 0.42% | 38% | $85,978 |
Year Ended 2/28/2018 | $17.75 | 4.73% | 1.08% | 1.04%(e) | 0.30% | 45% | $71,415 |
Year Ended 2/28/2017 | $18.61 | 35.21% | 1.05% | 1.05%(e) | 0.28% | 58% | $69,709 |
Year Ended 2/29/2016 | $14.52 | (10.22%) | 1.05% | 1.05%(e) | 0.41% | 57% | $26,487 |
Class C | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $10.82 | (1.07%) | 2.13%(d) | 2.04%(d) | (0.12%)(d) | 28% | $265 |
Year Ended 2/29/2020 | $11.00 | (12.27%) | 2.11% | 2.03%(e) | (0.33%) | 27% | $315 |
Year Ended 2/28/2019 | $12.96 | (0.93%) | 2.09% | 2.02%(e) | (0.71%) | 38% | $611 |
Year Ended 2/28/2018 | $15.06 | 3.72% | 2.07% | 2.04%(e) | (0.72%) | 45% | $7,785 |
Year Ended 2/28/2017 | $16.13 | 33.93% | 2.04% | 2.04%(e) | (0.70%) | 58% | $11,926 |
Year Ended 2/29/2016 | $12.75 | (11.18%) | 2.05% | 2.05%(e) | (0.60%) | 57% | $11,325 |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $12.99 | (0.52%) | 1.13%(d) | 1.04%(d) | 0.87%(d) | 28% | $312,135 |
Year Ended 2/29/2020 | $13.12 | (11.36%) | 1.11% | 1.03%(e) | 0.66% | 27% | $350,469 |
Year Ended 2/28/2019 | $15.37 | 0.09% | 1.10% | 1.02%(e) | 0.42% | 38% | $545,568 |
Year Ended 2/28/2018 | $17.37 | 4.71% | 1.07% | 1.04%(e) | 0.28% | 45% | $727,418 |
Year Ended 2/28/2017 | $18.25 | 35.26% | 1.05% | 1.05%(e) | 0.31% | 58% | $1,098,979 |
Year Ended 2/29/2016 | $14.25 | (10.22%) | 1.05% | 1.05%(e) | 0.40% | 57% | $1,007,843 |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $13.37 | (0.36%) | 0.94%(d) | 0.89%(d) | 0.99%(d) | 28% | $164,269 |
Year Ended 2/29/2020 | $13.48 | (11.26%) | 0.92% | 0.89% | 0.79% | 27% | $144,260 |
Year Ended 2/28/2019 | $15.78 | 0.22% | 0.91% | 0.88% | 0.60% | 38% | $118,654 |
Year Ended 2/28/2018 | $17.78 | 4.90% | 0.90% | 0.89% | 0.44% | 45% | $78,479 |
Year Ended 2/28/2017 | $18.63 | 35.42% | 0.90% | 0.90% | 0.39% | 58% | $78,330 |
Year Ended 2/29/2016 | $14.53 | (10.10%) | 0.89% | 0.89% | 0.59% | 57% | $19,298 |
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 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 | |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $13.53 | 0.06 | (0.11)(c) | (0.05) | — | (0.06) | (0.06) |
Year Ended 2/29/2020 | $15.84 | 0.13 | (1.85) | (1.72) | (0.16) | (0.43) | (0.59) |
Year Ended 2/28/2019 | $17.84 | 0.11 | (0.12) | (0.01) | (0.07) | (1.92) | (1.99) |
Year Ended 2/28/2018 | $18.68 | 0.09 | 0.80 | 0.89 | (0.08) | (1.65) | (1.73) |
Year Ended 2/28/2017 | $14.56 | 0.08 | 5.03 | 5.11 | (0.10) | (0.89) | (0.99) |
Year Ended 2/29/2016 | $18.12 | 0.11 | (1.71) | (1.60) | (0.06) | (1.90) | (1.96) |
Class R | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $12.62 | 0.02 | (0.12)(c) | (0.10) | — | (0.06) | (0.06) |
Year Ended 2/29/2020 | $14.80 | 0.02 | (1.71) | (1.69) | (0.06) | (0.43) | (0.49) |
Year Ended 2/28/2019 | $16.84 | (0.01) | (0.11) | (0.12) | — | (1.92) | (1.92) |
Year Ended 2/28/2018 | $17.77 | (0.04) | 0.75 | 0.71 | — | (1.64) | (1.64) |
Year Ended 2/28/2017 | $13.91 | (0.03) | 4.79 | 4.76 | (0.01) | (0.89) | (0.90) |
Year Ended 2/29/2016 | $17.47 | (0.02) | (1.64) | (1.66) | — | (1.90) | (1.90) |
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) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
(d) | Annualized. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | Rounds to zero. |
18 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $13.42 | (0.35%) | 0.89%(d) | 0.84%(d) | 1.05%(d) | 28% | $416,440 |
Year Ended 2/29/2020 | $13.53 | (11.23%) | 0.87% | 0.84% | 0.84% | 27% | $393,074 |
Year Ended 2/28/2019 | $15.84 | 0.27% | 0.85% | 0.83% | 0.62% | 38% | $487,282 |
Year Ended 2/28/2018 | $17.84 | 4.98% | 0.86% | 0.84% | 0.52% | 45% | $478,580 |
Year Ended 2/28/2017 | $18.68 | 35.55% | 0.84% | 0.84% | 0.50% | 58% | $203,778 |
Year Ended 2/29/2016 | $14.56 | (10.05%) | 0.84% | 0.84% | 0.62% | 57% | $133,139 |
Class R | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $12.46 | (0.78%) | 1.63%(d) | 1.54%(d) | 0.38%(d) | 28% | $4,313 |
Year Ended 2/29/2020 | $12.62 | (11.79%) | 1.61% | 1.53%(e) | 0.15% | 27% | $4,796 |
Year Ended 2/28/2019 | $14.80 | (0.46%) | 1.60% | 1.52%(e) | (0.08%) | 38% | $6,104 |
Year Ended 2/28/2018 | $16.84 | 4.19% | 1.58% | 1.54%(e) | (0.21%) | 45% | $8,302 |
Year Ended 2/28/2017 | $17.77 | 34.67% | 1.55% | 1.55%(e) | (0.19%) | 58% | $11,042 |
Year Ended 2/29/2016 | $13.91 | (10.73%) | 1.55% | 1.55%(e) | (0.10%) | 57% | $10,109 |
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 19 |
August 31, 2020 (Unaudited)
20 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 21 |
August 31, 2020 (Unaudited)
22 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Effective rate (%) | |
Class A | 0.25 |
Advisor Class | 0.25 |
Class C | 0.25 |
Institutional Class | 0.25 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Class R | 0.25 |
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 23 |
August 31, 2020 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 7,901 |
Class C | — | 1.00(b) | — |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Fee rate(s) contractual through June 30, 2021 | |
Class A | 1.29% |
Advisor Class | 1.04 |
Class C | 2.04 |
Institutional Class | 1.04 |
Institutional 2 Class | 0.89 |
Institutional 3 Class | 0.84 |
Class R | 1.54 |
24 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
909,581,000 | 252,204,000 | (123,120,000) | 129,084,000 |
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 2,800,000 | 1.00 | 6 |
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 25 |
August 31, 2020 (Unaudited)
26 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 27 |
August 31, 2020 (Unaudited)
28 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 29 |
Nature, extent and quality of services provided by Columbia Threadneedle
30 | Columbia Small Cap Value Fund II | Semiannual Report 2020 |
The Board considered the reports of its independent fee consultant, JDL Consultants, LLC (JDL), which assisted in the Board’s analysis of the Funds’ performance and expenses, the reasonableness of the Funds’ fee rates, and JDL’s conclusion that the management fees being charged to the Fund are reasonable. The Board accorded particular weight to the notion that the 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 defined exceptions) are generally in line with the "pricing philosophy" currently in effect (i.e., 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. Based on its review, the Board concluded that the Fund’s management fee was fair and reasonable in light of the extent and quality of services that the Fund receives.
Columbia Small Cap Value Fund II | Semiannual Report 2020 | 31 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
August 31, 2020
(Unaudited)
Average annual total returns (%) (for the period ended August 31, 2020) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A* | Excluding sales charges | 02/28/13 | 0.08 | 0.41 | 3.25 | 5.10 |
Including sales charges | -5.66 | -5.37 | 2.04 | 4.47 | ||
Advisor Class* | 07/01/15 | 0.20 | 0.73 | 3.51 | 5.44 | |
Class C* | Excluding sales charges | 02/28/13 | -0.39 | -0.42 | 2.46 | 4.30 |
Including sales charges | -1.38 | -1.38 | 2.46 | 4.30 | ||
Institutional Class | 03/31/08 | 0.08 | 0.61 | 3.48 | 5.42 | |
Institutional 2 Class* | 07/01/15 | 0.20 | 0.82 | 3.63 | 5.50 | |
Institutional 3 Class* | 07/01/15 | 0.20 | 0.84 | 3.68 | 5.53 | |
Class R* | 03/01/16 | -0.04 | 0.22 | 3.00 | 4.93 | |
MSCI EAFE Value Index (Net) | -1.89 | -3.24 | 0.79 | 3.46 |
* | 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 Overseas Value Fund | Semiannual Report 2020 | 3 |
(Unaudited)
Equity sector breakdown (%) (at August 31, 2020) | |
Communication Services | 6.8 |
Consumer Discretionary | 7.4 |
Consumer Staples | 9.3 |
Energy | 9.2 |
Financials | 23.6 |
Health Care | 11.0 |
Industrials | 13.6 |
Information Technology | 5.6 |
Materials | 8.4 |
Real Estate | 1.3 |
Utilities | 3.8 |
Total | 100.0 |
Country breakdown (%) (at August 31, 2020) | |
Australia | 2.0 |
Austria | 1.5 |
Canada | 4.1 |
China | 0.3 |
Finland | 2.1 |
France | 12.3 |
Germany | 8.0 |
Hong Kong | 1.5 |
Ireland | 1.7 |
Israel | 2.3 |
Italy | 0.4 |
Japan | 21.6 |
Netherlands | 6.8 |
Norway | 2.4 |
Pakistan | 0.5 |
Russian Federation | 0.7 |
Singapore | 2.6 |
South Korea | 1.0 |
Spain | 2.7 |
Sweden | 0.4 |
Switzerland | 1.7 |
Taiwan | 1.2 |
United Kingdom | 16.0 |
United States(a) | 6.2 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds and Exchange-Traded Funds. |
4 | Columbia Overseas Value Fund | Semiannual Report 2020 |
(Unaudited)
March 1, 2020 — August 31, 2020 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,000.80 | 1,019.26 | 6.08 | 6.14 | 1.20 |
Advisor Class | 1,000.00 | 1,000.00 | 1,002.00 | 1,020.53 | 4.82 | 4.86 | 0.95 |
Class C | 1,000.00 | 1,000.00 | 996.10 | 1,015.46 | 9.86 | 9.96 | 1.95 |
Institutional Class | 1,000.00 | 1,000.00 | 1,000.80 | 1,020.53 | 4.82 | 4.86 | 0.95 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,002.00 | 1,021.03 | 4.31 | 4.35 | 0.85 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,002.00 | 1,021.24 | 4.11 | 4.15 | 0.81 |
Class R | 1,000.00 | 1,000.00 | 999.60 | 1,017.99 | 7.35 | 7.42 | 1.45 |
Columbia Overseas Value Fund | Semiannual Report 2020 | 5 |
August 31, 2020 (Unaudited)
Common Stocks 98.6% | ||
Issuer | Shares | Value ($) |
Australia 2.0% | ||
Ansell Ltd. | 598,786 | 16,972,594 |
BHP Group Ltd., ADR | 255,903 | 14,090,019 |
Total | 31,062,613 | |
Austria 1.5% | ||
Andritz AG | 680,487 | 22,761,510 |
Canada 4.2% | ||
Alimentation Couche-Tard, Inc., Class B | 362,180 | 11,820,449 |
Cameco Corp. | 1,444,405 | 16,711,766 |
Teck Resources Ltd., Class B | 848,268 | 9,772,047 |
Teekay Tankers Ltd., Class A(a),(b) | 555,100 | 6,960,954 |
Yamana Gold, Inc. | 3,026,521 | 18,764,430 |
Total | 64,029,646 | |
China 0.3% | ||
Tencent Holdings Ltd. | 72,900 | 4,980,409 |
Finland 2.1% | ||
UPM-Kymmene OYJ | 1,072,014 | 32,537,277 |
France 12.3% | ||
AtoS(a) | 109,189 | 9,463,239 |
AXA SA | 1,783,222 | 36,384,992 |
BNP Paribas SA(a) | 781,859 | 34,064,211 |
Capgemini SE | 194,068 | 26,920,815 |
DBV Technologies SA, ADR(a) | 246,888 | 533,278 |
Eiffage SA(a) | 118,347 | 10,883,663 |
Sanofi | 279,331 | 28,293,089 |
Total SE | 1,107,226 | 43,925,953 |
Total | 190,469,240 | |
Germany 8.0% | ||
Allianz SE, Registered Shares | 67,318 | 14,607,187 |
Aroundtown SA(a) | 1,536,858 | 8,418,945 |
Bayer AG, Registered Shares | 210,876 | 14,025,796 |
Covestro AG | 540,914 | 25,787,558 |
Duerr AG | 617,441 | 20,376,190 |
E.ON SE | 1,777,070 | 21,047,275 |
KION Group AG | 231,674 | 19,602,985 |
Total | 123,865,936 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hong Kong 1.5% | ||
WH Group Ltd. | 26,631,500 | 22,953,830 |
Ireland 1.7% | ||
Amarin Corp. PLC, ADR(a),(b) | 226,033 | 1,754,016 |
Flutter Entertainment PLC | 146,257 | 24,032,160 |
Total | 25,786,176 | |
Israel 2.3% | ||
Bank Hapoalim BM | 3,694,787 | 22,354,940 |
Bezeq Israeli Telecommunication Corp., Ltd.(a) | 10,896,978 | 12,433,590 |
Total | 34,788,530 | |
Italy 0.4% | ||
Esprinet SpA(a) | 1,010,634 | 6,294,383 |
Japan 21.6% | ||
Dai-ichi Life Holdings, Inc. | 905,000 | 13,712,696 |
Daiwabo Holdings Co., Ltd. | 173,900 | 10,471,689 |
Fujitsu Ltd. | 34,100 | 4,451,418 |
Invincible Investment Corp. | 22,605 | 6,733,754 |
ITOCHU Corp. | 1,409,200 | 36,163,299 |
Kinden Corp. | 892,700 | 14,725,803 |
Koito Manufacturing Co., Ltd. | 239,900 | 11,593,739 |
Matsumotokiyoshi Holdings Co., Ltd. | 690,700 | 24,208,257 |
Nippon Telegraph & Telephone Corp. | 1,409,900 | 32,083,147 |
ORIX Corp. | 2,127,000 | 26,441,000 |
Shionogi & Co., Ltd. | 286,600 | 15,914,318 |
Ship Healthcare Holdings, Inc. | 471,900 | 21,808,075 |
Sony Corp. | 203,900 | 15,966,268 |
Starts Corp., Inc. | 223,600 | 4,677,385 |
Subaru Corp. | 700,300 | 14,552,620 |
Sumitomo Mitsui Financial Group, Inc. | 735,800 | 21,636,333 |
Takeda Pharmaceutical Co., Ltd. | 661,200 | 24,654,307 |
Takuma Co., Ltd. | 772,845 | 12,371,817 |
Toyota Motor Corp. | 330,400 | 21,821,078 |
Total | 333,987,003 |
6 | Columbia Overseas Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Netherlands 6.8% | ||
ABN AMRO Bank NV(a) | 1,619,053 | 15,377,316 |
ASR Nederland NV | 891,086 | 30,807,356 |
ING Groep NV(a) | 3,637,020 | 29,685,608 |
Signify NV(a) | 868,849 | 28,982,651 |
Total | 104,852,931 | |
Norway 2.4% | ||
BW LPG Ltd. | 1,705,315 | 7,955,908 |
Leroy Seafood Group ASA | 2,695,696 | 17,005,084 |
Yara International ASA | 289,794 | 12,141,312 |
Total | 37,102,304 | |
Pakistan 0.5% | ||
DG Khan Cement Co., Ltd. | 8,079,900 | 5,449,669 |
Lucky Cement Ltd. | 647,860 | 2,402,587 |
Total | 7,852,256 | |
Russian Federation 0.7% | ||
Sberbank of Russia PJSC, ADR(a) | 892,611 | 10,725,332 |
Singapore 2.6% | ||
DBS Group Holdings Ltd. | 1,000,800 | 15,337,230 |
Venture Corp., Ltd. | 1,706,800 | 24,875,354 |
Total | 40,212,584 | |
South Korea 1.0% | ||
GS Home Shopping, Inc. | 18,357 | 1,805,273 |
Hyundai Home Shopping Network Corp. | 88,749 | 4,875,000 |
Youngone Corp. | 348,206 | 9,190,801 |
Total | 15,871,074 | |
Spain 2.7% | ||
ACS Actividades de Construccion y Servicios SA | 459,224 | 11,237,248 |
Endesa SA | 905,768 | 25,143,888 |
Tecnicas Reunidas SA(a) | 367,766 | 4,697,514 |
Total | 41,078,650 | |
Sweden 0.4% | ||
Granges AB(a) | 717,369 | 6,388,509 |
Switzerland 1.7% | ||
Novartis AG, Registered Shares | 304,556 | 26,248,778 |
Taiwan 1.2% | ||
Fubon Financial Holding Co., Ltd. | 12,766,000 | 18,640,344 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
United Kingdom 16.0% | ||
Barclays Bank PLC(a) | 6,462,326 | 9,461,696 |
BP PLC | 5,615,143 | 19,589,999 |
British American Tobacco PLC | 1,257,982 | 42,400,335 |
BT Group PLC | 7,174,853 | 9,990,315 |
Crest Nicholson Holdings PLC | 1,178,196 | 3,121,558 |
DCC PLC | 332,992 | 29,583,118 |
Drax Group PLC | 2,928,654 | 11,026,380 |
GW Pharmaceuticals PLC, ADR(a) | 33,795 | 3,512,990 |
HSBC Holdings PLC | 1,753,743 | 7,522,280 |
Inchcape PLC(a) | 790,617 | 5,325,960 |
John Wood Group PLC(a) | 1,598,917 | 5,244,766 |
Just Group PLC(a) | 19,600,704 | 13,382,049 |
Legal & General Group PLC | 3,770,850 | 10,839,053 |
Micro Focus International PLC | 756,612 | 3,001,693 |
Royal Dutch Shell PLC, Class B | 2,551,648 | 35,898,396 |
TP ICAP PLC | 4,144,420 | 16,538,384 |
Vodafone Group PLC | 9,890,962 | 14,502,561 |
WPP PLC | 792,869 | 6,715,419 |
Total | 247,656,952 | |
United States 4.7% | ||
Aerie Pharmaceuticals, Inc.(a) | 143,976 | 1,583,736 |
Alexion Pharmaceuticals, Inc.(a) | 31,373 | 3,583,424 |
Burford Capital Ltd. | 1,661,952 | 12,596,554 |
Insmed, Inc.(a) | 107,320 | 3,025,351 |
Liberty Global PLC, Class C(a) | 1,002,687 | 23,071,828 |
Primo Water Corp. | 1,729,023 | 23,653,035 |
Quotient Ltd.(a) | 660,374 | 3,341,492 |
Sage Therapeutics, Inc.(a) | 43,893 | 2,301,749 |
Total | 73,157,169 | |
Total Common Stocks (Cost $1,689,322,534) | 1,523,303,436 | |
Exchange-Traded Equity Funds 1.0% | ||
Shares | Value ($) | |
United States 1.0% | ||
iShares MSCI EAFE ETF | 228,370 | 14,839,483 |
Total Exchange-Traded Equity Funds (Cost $14,482,495) | 14,839,483 | |
Columbia Overseas Value Fund | Semiannual Report 2020 | 7 |
August 31, 2020 (Unaudited)
Money Market Funds 0.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.149%(c),(d) | 8,329,507 | 8,329,507 |
Total Money Market Funds (Cost $8,328,480) | 8,329,507 | |
Total Investments in Securities (Cost $1,712,133,509) | 1,546,472,426 | |
Other Assets & Liabilities, Net | (1,933,112) | |
Net Assets | $1,544,539,314 |
Forward foreign currency exchange contracts | |||||
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) |
49,127,000 CAD | 37,052,932 USD | Goldman Sachs | 09/29/2020 | — | (614,158) |
17,760,000 GBP | 23,137,906 USD | Goldman Sachs | 09/29/2020 | — | (607,575) |
52,525,000 ILS | 15,422,221 USD | Goldman Sachs | 09/29/2020 | — | (241,337) |
21,168,000 SGD | 15,431,383 USD | Goldman Sachs | 09/29/2020 | — | (127,236) |
361,584,000 TWD | 12,347,072 USD | Goldman Sachs | 09/29/2020 | 14,696 | — |
35,560,940 USD | 49,637,000 AUD | Goldman Sachs | 09/29/2020 | 1,052,410 | — |
15,439,701 USD | 134,257,000 SEK | Goldman Sachs | 09/29/2020 | 86,723 | — |
Total | 1,153,829 | (1,590,306) |
Call option contracts written | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Premium received ($) | Value ($) |
Amarin Corp. PLC | Morgan Stanley | USD | (135,024) | (174) | 14.00 | 9/18/2020 | (1,524) | (5,220) |
Teekay Tankers Ltd. | Morgan Stanley | USD | (12,540) | (10) | 15.00 | 9/18/2020 | (335) | (100) |
Total | (1,859) | (5,320) |
(a) | Non-income producing investment. |
(b) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(c) | The rate shown is the seven-day current annualized yield at August 31, 2020. |
(d) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended August 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.149% | ||||||||
15,491,357 | 198,249,075 | (205,411,239) | 314 | 8,329,507 | (4,001) | 28,768 | 8,329,507 |
ADR | American Depositary Receipt |
8 | Columbia Overseas Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
AUD | Australian Dollar |
CAD | Canada Dollar |
GBP | British Pound |
ILS | Israeli Shekel |
SEK | Swedish Krona |
SGD | Singapore Dollar |
TWD | New Taiwan Dollar |
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 | ||||
Common Stocks | ||||
Australia | 14,090,019 | 16,972,594 | — | 31,062,613 |
Austria | — | 22,761,510 | — | 22,761,510 |
Canada | 64,029,646 | — | — | 64,029,646 |
China | — | 4,980,409 | — | 4,980,409 |
Finland | — | 32,537,277 | — | 32,537,277 |
France | 533,278 | 189,935,962 | — | 190,469,240 |
Germany | — | 123,865,936 | — | 123,865,936 |
Columbia Overseas Value Fund | Semiannual Report 2020 | 9 |
August 31, 2020 (Unaudited)
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Hong Kong | — | 22,953,830 | — | 22,953,830 |
Ireland | 1,754,016 | 24,032,160 | — | 25,786,176 |
Israel | — | 34,788,530 | — | 34,788,530 |
Italy | — | 6,294,383 | — | 6,294,383 |
Japan | — | 333,987,003 | — | 333,987,003 |
Netherlands | — | 104,852,931 | — | 104,852,931 |
Norway | — | 37,102,304 | — | 37,102,304 |
Pakistan | — | 7,852,256 | — | 7,852,256 |
Russian Federation | — | 10,725,332 | — | 10,725,332 |
Singapore | — | 40,212,584 | — | 40,212,584 |
South Korea | — | 15,871,074 | — | 15,871,074 |
Spain | — | 41,078,650 | — | 41,078,650 |
Sweden | — | 6,388,509 | — | 6,388,509 |
Switzerland | — | 26,248,778 | — | 26,248,778 |
Taiwan | — | 18,640,344 | — | 18,640,344 |
United Kingdom | 3,512,990 | 244,143,962 | — | 247,656,952 |
United States | 60,560,615 | 12,596,554 | — | 73,157,169 |
Total Common Stocks | 144,480,564 | 1,378,822,872 | — | 1,523,303,436 |
Exchange-Traded Equity Funds | 14,839,483 | — | — | 14,839,483 |
Money Market Funds | 8,329,507 | — | — | 8,329,507 |
Total Investments in Securities | 167,649,554 | 1,378,822,872 | — | 1,546,472,426 |
Investments in Derivatives | ||||
Asset | ||||
Forward Foreign Currency Exchange Contracts | — | 1,153,829 | — | 1,153,829 |
Liability | ||||
Forward Foreign Currency Exchange Contracts | — | (1,590,306) | — | (1,590,306) |
Options Contracts Written | (5,320) | — | — | (5,320) |
Total | 167,644,234 | 1,378,386,395 | — | 1,546,030,629 |
10 | Columbia Overseas Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,703,805,029) | $1,538,142,919 |
Affiliated issuers (cost $8,328,480) | 8,329,507 |
Cash collateral held at broker for: | |
Forward foreign currency exchange contracts | 30,000 |
Unrealized appreciation on forward foreign currency exchange contracts | 1,153,829 |
Receivable for: | |
Investments sold | 775,416 |
Capital shares sold | 1,737,760 |
Dividends | 3,574,737 |
Foreign tax reclaims | 1,994,563 |
Expense reimbursement due from Investment Manager | 14,882 |
Prepaid expenses | 8,462 |
Other assets | 3,229 |
Total assets | 1,555,765,304 |
Liabilities | |
Option contracts written, at value (premiums received $1,859) | 5,320 |
Unrealized depreciation on forward foreign currency exchange contracts | 1,590,306 |
Payable for: | |
Investments purchased | 1,141,942 |
Capital shares purchased | 7,910,555 |
Management services fees | 104,448 |
Distribution and/or service fees | 8,236 |
Transfer agent fees | 161,322 |
Compensation of board members | 208,780 |
Compensation of chief compliance officer | 193 |
Other expenses | 94,888 |
Total liabilities | 11,225,990 |
Net assets applicable to outstanding capital stock | $1,544,539,314 |
Represented by | |
Paid in capital | 2,063,525,092 |
Total distributable earnings (loss) | (518,985,778) |
Total - representing net assets applicable to outstanding capital stock | $1,544,539,314 |
Columbia Overseas Value Fund | Semiannual Report 2020 | 11 |
August 31, 2020 (Unaudited)
Class A | |
Net assets | $289,510,413 |
Shares outstanding | 34,024,763 |
Net asset value per share | $8.51 |
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) | $9.03 |
Advisor Class | |
Net assets | $211,061,659 |
Shares outstanding | 24,840,597 |
Net asset value per share | $8.50 |
Class C | |
Net assets | $23,130,050 |
Shares outstanding | 2,745,840 |
Net asset value per share | $8.42 |
Institutional Class | |
Net assets | $357,681,894 |
Shares outstanding | 41,916,937 |
Net asset value per share | $8.53 |
Institutional 2 Class | |
Net assets | $448,807,727 |
Shares outstanding | 52,882,654 |
Net asset value per share | $8.49 |
Institutional 3 Class | |
Net assets | $207,099,734 |
Shares outstanding | 24,370,297 |
Net asset value per share | $8.50 |
Class R | |
Net assets | $7,247,837 |
Shares outstanding | 874,728 |
Net asset value per share | $8.29 |
12 | Columbia Overseas Value Fund | Semiannual Report 2020 |
Six Months Ended August 31, 2020 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $32,054,210 |
Dividends — affiliated issuers | 28,768 |
Foreign taxes withheld | (3,099,193) |
Total income | 28,983,785 |
Expenses: | |
Management services fees | 6,086,862 |
Distribution and/or service fees | |
Class A | 344,009 |
Class C | 118,566 |
Class R | 16,951 |
Transfer agent fees | |
Class A | 224,187 |
Advisor Class | 163,061 |
Class C | 19,291 |
Institutional Class | 286,829 |
Institutional 2 Class | 118,273 |
Institutional 3 Class | 11,022 |
Class R | 5,521 |
Compensation of board members | 12,834 |
Custodian fees | 126,625 |
Printing and postage fees | 89,683 |
Registration fees | 85,545 |
Audit fees | 51,228 |
Legal fees | 13,803 |
Interest on collateral | 287 |
Interest on interfund lending | 623 |
Compensation of chief compliance officer | 193 |
Other | 16,985 |
Total expenses | 7,792,378 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (586,789) |
Fees waived by transfer agent | |
Institutional 2 Class | (24,866) |
Total net expenses | 7,180,723 |
Net investment income | 21,803,062 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (86,263,616) |
Investments — affiliated issuers | (4,001) |
Foreign currency translations | (212,046) |
Forward foreign currency exchange contracts | 1,088,560 |
Options purchased | 36,280 |
Options contracts written | 263,783 |
Net realized loss | (85,091,040) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 29,095,399 |
Investments — affiliated issuers | 314 |
Foreign currency translations | 205,791 |
Forward foreign currency exchange contracts | 454,205 |
Options purchased | (89,647) |
Options contracts written | (3,461) |
Net change in unrealized appreciation (depreciation) | 29,662,601 |
Net realized and unrealized loss | (55,428,439) |
Net decrease in net assets resulting from operations | $(33,625,377) |
Columbia Overseas Value Fund | Semiannual Report 2020 | 13 |
Six Months Ended August 31, 2020 (Unaudited) | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $21,803,062 | $46,304,494 |
Net realized gain (loss) | (85,091,040) | 27,335,529 |
Net change in unrealized appreciation (depreciation) | 29,662,601 | (143,525,362) |
Net decrease in net assets resulting from operations | (33,625,377) | (69,885,339) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (1,562,131) | (12,173,862) |
Advisor Class | (1,139,150) | (8,445,439) |
Class C | (133,645) | (1,005,856) |
Institutional Class | (1,944,045) | (18,507,512) |
Institutional 2 Class | (2,190,730) | (21,627,056) |
Institutional 3 Class | (1,435,549) | (10,936,273) |
Class R | (38,519) | (257,575) |
Total distributions to shareholders | (8,443,769) | (72,953,573) |
Increase (decrease) in net assets from capital stock activity | (165,469,215) | 130,646,357 |
Total decrease in net assets | (207,538,361) | (12,192,555) |
Net assets at beginning of period | 1,752,077,675 | 1,764,270,230 |
Net assets at end of period | $1,544,539,314 | $1,752,077,675 |
14 | Columbia Overseas Value Fund | Semiannual Report 2020 |
Six Months Ended | Year Ended | |||
August 31, 2020 (Unaudited) | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 3,111,255 | 23,648,311 | 6,127,924 | 57,347,219 |
Distributions reinvested | 186,230 | 1,506,601 | 1,209,112 | 11,700,791 |
Redemptions | (5,403,572) | (41,647,078) | (8,137,467) | (75,738,653) |
Net decrease | (2,106,087) | (16,492,166) | (800,431) | (6,690,643) |
Advisor Class | ||||
Subscriptions | 10,574,419 | 76,560,013 | 14,289,588 | 131,823,892 |
Distributions reinvested | 140,564 | 1,135,760 | 875,678 | 8,444,871 |
Redemptions | (10,507,958) | (79,100,631) | (8,022,754) | (74,168,783) |
Net increase (decrease) | 207,025 | (1,404,858) | 7,142,512 | 66,099,980 |
Class C | ||||
Subscriptions | 209,961 | 1,560,706 | 559,233 | 5,214,228 |
Distributions reinvested | 16,167 | 129,657 | 101,570 | 978,120 |
Redemptions | (845,453) | (6,377,668) | (1,880,320) | (17,293,672) |
Net decrease | (619,325) | (4,687,305) | (1,219,517) | (11,101,324) |
Institutional Class | ||||
Subscriptions | 12,188,780 | 93,365,459 | 22,205,355 | 206,972,718 |
Distributions reinvested | 230,457 | 1,869,002 | 1,852,312 | 17,935,604 |
Redemptions | (22,236,519) | (160,095,180) | (19,028,873) | (177,456,130) |
Net increase (decrease) | (9,817,282) | (64,860,719) | 5,028,794 | 47,452,192 |
Institutional 2 Class | ||||
Subscriptions | 11,437,174 | 90,357,782 | 12,158,615 | 112,681,798 |
Distributions reinvested | 271,434 | 2,190,475 | 2,247,844 | 21,625,580 |
Redemptions | (16,736,691) | (119,609,097) | (14,502,449) | (134,453,160) |
Net decrease | (5,028,083) | (27,060,840) | (95,990) | (145,782) |
Institutional 3 Class | ||||
Subscriptions | 5,915,588 | 44,067,049 | 9,283,296 | 85,767,709 |
Distributions reinvested | 177,667 | 1,435,549 | 1,135,561 | 10,936,162 |
Redemptions | (12,283,356) | (96,452,344) | (6,815,245) | (63,661,555) |
Net increase (decrease) | (6,190,101) | (50,949,746) | 3,603,612 | 33,042,316 |
Class R | ||||
Subscriptions | 249,704 | 1,784,727 | 448,384 | 4,084,889 |
Distributions reinvested | 4,744 | 37,381 | 24,432 | 230,639 |
Redemptions | (243,997) | (1,835,689) | (258,643) | (2,325,910) |
Net increase (decrease) | 10,451 | (13,581) | 214,173 | 1,989,618 |
Total net increase (decrease) | (23,543,402) | (165,469,215) | 13,873,153 | 130,646,357 |
Columbia Overseas Value Fund | Semiannual Report 2020 | 15 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.55 | 0.11 | (0.11) | 0.00 | — | (0.04) | (0.04) |
Year Ended 2/29/2020 | $9.24 | 0.22 | (0.56) | (0.34) | (0.33) | (0.02) | (0.35) |
Year Ended 2/28/2019 | $10.37 | 0.27 | (1.10) | (0.83) | (0.13) | (0.17) | (0.30) |
Year Ended 2/28/2018 | $8.52 | 0.14 | 2.04 | 2.18 | (0.15) | (0.18) | (0.33) |
Year Ended 2/28/2017 | $7.46 | 0.17 | 1.04 | 1.21 | (0.15) | — | (0.15) |
Year Ended 2/29/2016 | $8.65 | 0.16 | (1.18) | (1.02) | (0.17) | — | (0.17) |
Advisor Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.53 | 0.12 | (0.11) | 0.01 | — | (0.04) | (0.04) |
Year Ended 2/29/2020 | $9.21 | 0.22 | (0.52) | (0.30) | (0.36) | (0.02) | (0.38) |
Year Ended 2/28/2019 | $10.35 | 0.28 | (1.10) | (0.82) | (0.15) | (0.17) | (0.32) |
Year Ended 2/28/2018 | $8.49 | 0.15 | 2.06 | 2.21 | (0.17) | (0.18) | (0.35) |
Year Ended 2/28/2017 | $7.43 | 0.12 | 1.10 | 1.22 | (0.16) | — | (0.16) |
Year Ended 2/29/2016(i) | $8.78 | 0.01 | (1.17) | (1.16) | (0.19) | — | (0.19) |
Class C | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.50 | 0.08 | (0.12) | (0.04) | — | (0.04) | (0.04) |
Year Ended 2/29/2020 | $9.20 | 0.16 | (0.57) | (0.41) | (0.27) | (0.02) | (0.29) |
Year Ended 2/28/2019 | $10.31 | 0.20 | (1.09) | (0.89) | (0.05) | (0.17) | (0.22) |
Year Ended 2/28/2018 | $8.48 | 0.06 | 2.04 | 2.10 | (0.09) | (0.18) | (0.27) |
Year Ended 2/28/2017 | $7.44 | 0.06 | 1.08 | 1.14 | (0.10) | — | (0.10) |
Year Ended 2/29/2016 | $8.64 | 0.09 | (1.17) | (1.08) | (0.12) | — | (0.12) |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.57 | 0.12 | (0.12) | 0.00 | — | (0.04) | (0.04) |
Year Ended 2/29/2020 | $9.25 | 0.24 | (0.54) | (0.30) | (0.36) | (0.02) | (0.38) |
Year Ended 2/28/2019 | $10.38 | 0.29 | (1.10) | (0.81) | (0.15) | (0.17) | (0.32) |
Year Ended 2/28/2018 | $8.53 | 0.15 | 2.05 | 2.20 | (0.17) | (0.18) | (0.35) |
Year Ended 2/28/2017 | $7.46 | 0.12 | 1.11 | 1.23 | (0.16) | — | (0.16) |
Year Ended 2/29/2016 | $8.66 | 0.10 | (1.11) | (1.01) | (0.19) | — | (0.19) |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.52 | 0.12 | (0.11) | 0.01 | — | (0.04) | (0.04) |
Year Ended 2/29/2020 | $9.20 | 0.25 | (0.54) | (0.29) | (0.37) | (0.02) | (0.39) |
Year Ended 2/28/2019 | $10.33 | 0.30 | (1.10) | (0.80) | (0.16) | (0.17) | (0.33) |
Year Ended 2/28/2018 | $8.48 | 0.18 | 2.03 | 2.21 | (0.18) | (0.18) | (0.36) |
Year Ended 2/28/2017 | $7.42 | 0.15 | 1.09 | 1.24 | (0.18) | — | (0.18) |
Year Ended 2/29/2016(j) | $8.78 | 0.02 | (1.18) | (1.16) | (0.20) | — | (0.20) |
16 | Columbia Overseas Value Fund | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $8.51 | 0.08% | 1.28%(c),(d),(e) | 1.20%(c),(d),(e) | 2.68%(c) | 19% | $289,510 |
Year Ended 2/29/2020 | $8.55 | (4.10%) | 1.24%(d) | 1.22%(d),(f) | 2.35% | 35% | $309,065 |
Year Ended 2/28/2019 | $9.24 | (7.96%) | 1.29%(d),(e) | 1.25%(d),(e),(f) | 2.80% | 58% | $341,198 |
Year Ended 2/28/2018 | $10.37 | 25.72% | 1.36%(g) | 1.36%(f),(g) | 1.41% | 47% | $363,817 |
Year Ended 2/28/2017 | $8.52 | 16.25% | 1.45%(h) | 1.45%(h) | 2.13% | 89% | $243,879 |
Year Ended 2/29/2016 | $7.46 | (11.95%) | 1.44% | 1.44%(f) | 1.93% | 68% | $171,630 |
Advisor Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.50 | 0.20% | 1.04%(c),(d),(e) | 0.95%(c),(d),(e) | 2.97%(c) | 19% | $211,062 |
Year Ended 2/29/2020 | $8.53 | (3.78%) | 0.99%(d) | 0.97%(d),(f) | 2.41% | 35% | $210,152 |
Year Ended 2/28/2019 | $9.21 | (7.80%) | 1.04%(d),(e) | 0.99%(d),(e),(f) | 2.96% | 58% | $161,150 |
Year Ended 2/28/2018 | $10.35 | 26.18% | 1.11%(g) | 1.10%(f),(g) | 1.47% | 47% | $78,634 |
Year Ended 2/28/2017 | $8.49 | 16.55% | 1.20%(h) | 1.20%(h) | 1.48% | 89% | $23,666 |
Year Ended 2/29/2016(i) | $7.43 | (13.43%) | 1.23%(c) | 1.21%(c),(f) | 0.22%(c) | 68% | $1,425 |
Class C | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.42 | (0.39%) | 2.03%(c),(d),(e) | 1.95%(c),(d),(e) | 1.95%(c) | 19% | $23,130 |
Year Ended 2/29/2020 | $8.50 | (4.81%) | 1.99%(d) | 1.97%(d),(f) | 1.73% | 35% | $28,608 |
Year Ended 2/28/2019 | $9.20 | (8.60%) | 2.04%(d),(e) | 2.00%(d),(e),(f) | 2.09% | 58% | $42,165 |
Year Ended 2/28/2018 | $10.31 | 24.87% | 2.11%(g) | 2.10%(f),(g) | 0.61% | 47% | $44,594 |
Year Ended 2/28/2017 | $8.48 | 15.32% | 2.20%(h) | 2.20%(h) | 0.80% | 89% | $20,829 |
Year Ended 2/29/2016 | $7.44 | (12.66%) | 2.19% | 2.19%(f) | 1.08% | 68% | $5,345 |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.53 | 0.08% | 1.03%(c),(d),(e) | 0.95%(c),(d),(e) | 2.95%(c) | 19% | $357,682 |
Year Ended 2/29/2020 | $8.57 | (3.76%) | 0.99%(d) | 0.97%(d),(f) | 2.54% | 35% | $443,217 |
Year Ended 2/28/2019 | $9.25 | (7.69%) | 1.04%(d),(e) | 1.00%(d),(e),(f) | 3.05% | 58% | $432,061 |
Year Ended 2/28/2018 | $10.38 | 25.94% | 1.11%(g) | 1.10%(f),(g) | 1.46% | 47% | $309,845 |
Year Ended 2/28/2017 | $8.53 | 16.63% | 1.20%(h) | 1.20%(h) | 1.52% | 89% | $57,964 |
Year Ended 2/29/2016 | $7.46 | (11.87%) | 1.22% | 1.20%(f) | 1.25% | 68% | $3,660 |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.49 | 0.20% | 0.93%(c),(d),(e) | 0.85%(c),(d),(e) | 3.01%(c) | 19% | $448,808 |
Year Ended 2/29/2020 | $8.52 | (3.68%) | 0.90%(d) | 0.86%(d) | 2.70% | 35% | $493,226 |
Year Ended 2/28/2019 | $9.20 | (7.61%) | 0.96%(d),(e) | 0.88%(d),(e) | 3.39% | 58% | $533,584 |
Year Ended 2/28/2018 | $10.33 | 26.23% | 0.99%(g) | 0.98%(g) | 1.82% | 47% | $68,822 |
Year Ended 2/28/2017 | $8.48 | 16.79% | 0.98%(h) | 0.98%(h) | 1.82% | 89% | $29,936 |
Year Ended 2/29/2016(j) | $7.42 | (13.41%) | 1.04%(c) | 1.04%(c) | 0.45%(c) | 68% | $768 |
Columbia Overseas Value Fund | Semiannual Report 2020 | 17 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.53 | 0.12 | (0.11) | 0.01 | — | (0.04) | (0.04) |
Year Ended 2/29/2020 | $9.21 | 0.25 | (0.54) | (0.29) | (0.37) | (0.02) | (0.39) |
Year Ended 2/28/2019 | $10.35 | 0.30 | (1.10) | (0.80) | (0.17) | (0.17) | (0.34) |
Year Ended 2/28/2018 | $8.49 | 0.21 | 2.02 | 2.23 | (0.19) | (0.18) | (0.37) |
Year Ended 2/28/2017 | $7.42 | 0.07 | 1.18 | 1.25 | (0.18) | — | (0.18) |
Year Ended 2/29/2016(k) | $8.78 | 0.07 | (1.22) | (1.15) | (0.21) | — | (0.21) |
Class R | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.34 | 0.09 | (0.10) | (0.01) | — | (0.04) | (0.04) |
Year Ended 2/29/2020 | $9.02 | 0.18 | (0.53) | (0.35) | (0.31) | (0.02) | (0.33) |
Year Ended 2/28/2019 | $10.13 | 0.23 | (1.07) | (0.84) | (0.10) | (0.17) | (0.27) |
Year Ended 2/28/2018 | $8.33 | 0.08 | 2.03 | 2.11 | (0.13) | (0.18) | (0.31) |
Year Ended 2/28/2017(l) | $7.46 | 0.06 | 0.94 | 1.00 | (0.13) | — | (0.13) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | Ratios include interest on collateral expense which is less than 0.01%. |
(e) | Ratios include interfund lending expense which is less than 0.01%. |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(g) | Ratios include line of credit interest expense which is less than 0.01%. |
(h) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Year Ended | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | Class R |
02/28/2017 | 0.01% | 0.02% | 0.02% | 0.02% | 0.02% | 0.03% | 0.02% |
(i) | Advisor Class shares commenced operations on July 1, 2015. Per share data and total return reflect activity from that date. |
(j) | Institutional 2 Class shares commenced operations on July 1, 2015. Per share data and total return reflect activity from that date. |
(k) | Institutional 3 Class shares commenced operations on July 1, 2015. Per share data and total return reflect activity from that date. |
(l) | Class R shares commenced operations on March 1, 2016. Per share data and total return reflect activity from that date. |
18 | Columbia Overseas Value Fund | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $8.50 | 0.20% | 0.88%(c),(d),(e) | 0.81%(c),(d),(e) | 3.13%(c) | 19% | $207,100 |
Year Ended 2/29/2020 | $8.53 | (3.65%) | 0.85%(d) | 0.83%(d) | 2.67% | 35% | $260,599 |
Year Ended 2/28/2019 | $9.21 | (7.64%) | 0.89%(d),(e) | 0.85%(d),(e) | 3.11% | 58% | $248,248 |
Year Ended 2/28/2018 | $10.35 | 26.37% | 0.94%(g) | 0.93%(g) | 2.08% | 47% | $340,651 |
Year Ended 2/28/2017 | $8.49 | 16.95% | 0.95%(h) | 0.95%(h) | 0.85% | 89% | $13,916 |
Year Ended 2/29/2016(k) | $7.42 | (13.34%) | 0.92%(c) | 0.92%(c) | 1.26%(c) | 68% | $2 |
Class R | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $8.29 | (0.04%) | 1.53%(c),(d),(e) | 1.45%(c),(d),(e) | 2.45%(c) | 19% | $7,248 |
Year Ended 2/29/2020 | $8.34 | (4.30%) | 1.49%(d) | 1.47%(d),(f) | 2.00% | 35% | $7,209 |
Year Ended 2/28/2019 | $9.02 | (8.20%) | 1.55%(d),(e) | 1.49%(d),(e),(f) | 2.47% | 58% | $5,864 |
Year Ended 2/28/2018 | $10.13 | 25.46% | 1.61%(g) | 1.59%(f),(g) | 0.80% | 47% | $3,099 |
Year Ended 2/28/2017(l) | $8.33 | 13.47% | 1.70%(c),(h) | 1.70%(c),(h) | 0.72%(c) | 89% | $972 |
Columbia Overseas Value Fund | Semiannual Report 2020 | 19 |
August 31, 2020 (Unaudited)
20 | Columbia Overseas Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Overseas Value Fund | Semiannual Report 2020 | 21 |
August 31, 2020 (Unaudited)
22 | Columbia Overseas Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | 1,153,829 |
Columbia Overseas Value Fund | Semiannual Report 2020 | 23 |
August 31, 2020 (Unaudited)
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Options contracts written, at value | 5,320 |
Foreign exchange risk | Unrealized depreciation on forward foreign currency exchange contracts | 1,590,306 |
Total | 1,595,626 |
Amount of realized gain (loss) on derivatives recognized in income | ||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Options contracts written ($) | Options contracts purchased ($) | Total ($) |
Equity risk | — | 263,783 | 36,280 | 300,063 |
Foreign exchange risk | 1,088,560 | — | — | 1,088,560 |
Total | 1,088,560 | 263,783 | 36,280 | 1,388,623 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Options contracts written ($) | Options contracts purchased ($) | Total ($) |
Equity risk | — | (3,461) | (89,647) | (93,108) |
Foreign exchange risk | 454,205 | — | — | 454,205 |
Total | 454,205 | (3,461) | (89,647) | 361,097 |
Derivative instrument | Average value ($)* |
Options contracts — written | (2,660) |
Derivative instrument | Average unrealized appreciation ($)* | Average unrealized depreciation ($)* |
Forward foreign currency exchange contracts | 1,661,584 | (1,611,774) |
* | Based on the ending quarterly outstanding amounts for the six months ended August 31, 2020. |
24 | Columbia Overseas Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Goldman Sachs ($) | Morgan Stanley ($) | Total ($) | |
Assets | |||
Forward foreign currency exchange contracts | 1,153,829 | - | 1,153,829 |
Total assets | 1,153,829 | - | 1,153,829 |
Liabilities | |||
Forward foreign currency exchange contracts | 1,590,306 | - | 1,590,306 |
Options contracts written | - | 5,320 | 5,320 |
Total liabilities | 1,590,306 | 5,320 | 1,595,626 |
Total financial and derivative net assets | (436,477) | (5,320) | (441,797) |
Total collateral received (pledged) (a) | (30,000) | (5,320) | (35,320) |
Net amount (b) | (406,477) | - | (406,477) |
(a) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(b) | Represents the net amount due from/(to) counterparties in the event of default. |
Columbia Overseas Value Fund | Semiannual Report 2020 | 25 |
August 31, 2020 (Unaudited)
26 | Columbia Overseas Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Effective rate (%) | |
Class A | 0.16 |
Advisor Class | 0.16 |
Class C | 0.16 |
Institutional Class | 0.16 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.01 |
Class R | 0.16 |
Columbia Overseas Value Fund | Semiannual Report 2020 | 27 |
August 31, 2020 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 67,290 |
Class C | — | 1.00(b) | 1,534 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
July 1, 2020 through June 30, 2021 | Prior to July 1, 2020 | |
Class A | 1.16% | 1.22% |
Advisor Class | 0.91 | 0.97 |
Class C | 1.91 | 1.97 |
Institutional Class | 0.91 | 0.97 |
Institutional 2 Class | 0.82 | 0.86 |
Institutional 3 Class | 0.77 | 0.83 |
Class R | 1.41 | 1.47 |
28 | Columbia Overseas Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
1,712,132,000 | 132,001,000 | (298,102,000) | (166,101,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
— | (277,650,518) | (277,650,518) |
Late year ordinary losses ($) | Post-October capital losses ($) |
4,291,732 | — |
Columbia Overseas Value Fund | Semiannual Report 2020 | 29 |
August 31, 2020 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 4,700,000 | 1.59 | 3 |
30 | Columbia Overseas Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Overseas Value Fund | Semiannual Report 2020 | 31 |
August 31, 2020 (Unaudited)
32 | Columbia Overseas Value Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Overseas Value Fund | Semiannual Report 2020 | 33 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
34 | Columbia Overseas Value Fund | Semiannual Report 2020 |
Nature, extent and quality of services provided by Columbia Threadneedle
Columbia Overseas Value Fund | Semiannual Report 2020 | 35 |
The Board considered the reports of its independent fee consultant, JDL Consultants, LLC (JDL), which assisted in the Board’s analysis of the Funds’ performance and expenses, the reasonableness of the Funds’ fee rates, and JDL’s conclusion that the management fees being charged to the Fund are reasonable. The Board accorded particular weight to the notion that the 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 defined exceptions) are generally in line with the "pricing philosophy" currently in effect (i.e., 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. Based on its review, the Board concluded that the Fund’s management fee was fair and reasonable in light of the extent and quality of services that the Fund receives.
36 | Columbia Overseas Value Fund | Semiannual Report 2020 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
August 31, 2020
(Unaudited)
Average annual total returns (%) (for the period ended August 31, 2020) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | 07/31/96 | 19.24 | 21.14 | 12.75 | 14.64 | |
Advisor Class* | 07/01/15 | 19.36 | 21.47 | 13.03 | 14.79 | |
Institutional Class | 07/31/96 | 19.37 | 21.46 | 13.02 | 14.93 | |
Institutional 2 Class* | 06/25/14 | 19.43 | 21.57 | 13.14 | 14.89 | |
Institutional 3 Class | 07/15/09 | 19.44 | 21.61 | 13.18 | 15.08 | |
Class R | 01/23/06 | 19.10 | 20.87 | 12.46 | 14.36 | |
S&P 500 Index | 19.63 | 21.94 | 14.46 | 15.16 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. Since the Fund launched more than one share class at its inception, Class A shares were used. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 3 |
(Unaudited)
Portfolio breakdown (%) (at August 31, 2020) | |
Common Stocks | 99.3 |
Money Market Funds | 0.7 |
Total | 100.0 |
Equity sector breakdown (%) (at August 31, 2020) | |
Communication Services | 10.9 |
Consumer Discretionary | 11.9 |
Consumer Staples | 7.1 |
Energy | 2.0 |
Financials | 9.3 |
Health Care | 14.3 |
Industrials | 7.7 |
Information Technology | 28.7 |
Materials | 2.1 |
Real Estate | 2.9 |
Utilities | 3.1 |
Total | 100.0 |
4 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
(Unaudited)
March 1, 2020 — August 31, 2020 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,192.40 | 1,020.93 | 4.83 | 4.46 | 0.87 |
Advisor Class | 1,000.00 | 1,000.00 | 1,193.60 | 1,022.20 | 3.45 | 3.18 | 0.62 |
Institutional Class | 1,000.00 | 1,000.00 | 1,193.70 | 1,022.20 | 3.45 | 3.18 | 0.62 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,194.30 | 1,022.76 | 2.84 | 2.61 | 0.51 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,194.40 | 1,023.01 | 2.56 | 2.36 | 0.46 |
Class R | 1,000.00 | 1,000.00 | 1,191.00 | 1,019.67 | 6.22 | 5.73 | 1.12 |
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 5 |
August 31, 2020 (Unaudited)
Common Stocks 99.3% | ||
Issuer | Shares | Value ($) |
Communication Services 10.8% | ||
Diversified Telecommunication Services 1.6% | ||
AT&T, Inc. | 16,300 | 485,903 |
Verizon Communications, Inc. | 113,700 | 6,738,999 |
Total | 7,224,902 | |
Entertainment 2.0% | ||
Activision Blizzard, Inc. | 46,700 | 3,900,384 |
Electronic Arts, Inc.(a) | 26,300 | 3,668,061 |
Netflix, Inc.(a) | 1,300 | 688,428 |
Walt Disney Co. (The) | 6,500 | 857,155 |
Total | 9,114,028 | |
Interactive Media & Services 6.7% | ||
Alphabet, Inc., Class A(a) | 11,270 | 18,364,803 |
Facebook, Inc., Class A(a) | 43,200 | 12,666,240 |
Total | 31,031,043 | |
Media 0.5% | ||
Charter Communications, Inc., Class A(a) | 800 | 492,488 |
Comcast Corp., Class A | 4,200 | 188,202 |
Interpublic Group of Companies, Inc. (The) | 88,100 | 1,564,656 |
Total | 2,245,346 | |
Total Communication Services | 49,615,319 | |
Consumer Discretionary 11.8% | ||
Distributors 0.1% | ||
LKQ Corp.(a) | 8,900 | 282,486 |
Hotels, Restaurants & Leisure 0.9% | ||
Domino’s Pizza, Inc. | 2,100 | 858,816 |
Hilton Worldwide Holdings, Inc. | 23,400 | 2,114,424 |
MGM Resorts International | 37,100 | 834,750 |
Yum! Brands, Inc. | 4,600 | 440,910 |
Total | 4,248,900 | |
Household Durables 1.1% | ||
D.R. Horton, Inc. | 5,900 | 421,083 |
Lennar Corp., Class A | 22,600 | 1,690,932 |
PulteGroup, Inc. | 70,500 | 3,143,595 |
Total | 5,255,610 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Internet & Direct Marketing Retail 5.0% | ||
Amazon.com, Inc.(a) | 5,840 | 20,153,606 |
eBay, Inc. | 54,300 | 2,974,554 |
Total | 23,128,160 | |
Multiline Retail 1.3% | ||
Dollar General Corp. | 9,300 | 1,877,484 |
Target Corp. | 27,100 | 4,097,791 |
Total | 5,975,275 | |
Specialty Retail 3.2% | ||
Best Buy Co., Inc. | 26,400 | 2,928,024 |
Home Depot, Inc. (The) | 25,300 | 7,211,512 |
Lowe’s Companies, Inc. | 25,000 | 4,117,250 |
Tractor Supply Co. | 3,200 | 476,256 |
Total | 14,733,042 | |
Textiles, Apparel & Luxury Goods 0.2% | ||
Hanesbrands, Inc. | 45,000 | 688,050 |
Total Consumer Discretionary | 54,311,523 | |
Consumer Staples 7.0% | ||
Beverages 0.1% | ||
Coca-Cola Co. (The) | 4,200 | 208,026 |
PepsiCo, Inc. | 2,300 | 322,138 |
Total | 530,164 | |
Food & Staples Retailing 1.1% | ||
Kroger Co. (The) | 65,300 | 2,329,904 |
Walmart, Inc. | 18,500 | 2,568,725 |
Total | 4,898,629 | |
Food Products 1.3% | ||
Campbell Soup Co. | 36,600 | 1,925,526 |
General Mills, Inc. | 53,900 | 3,446,905 |
Kraft Heinz Co. (The) | 12,600 | 441,504 |
Total | 5,813,935 | |
Household Products 2.6% | ||
Kimberly-Clark Corp. | 23,900 | 3,770,464 |
Procter & Gamble Co. (The) | 61,300 | 8,479,629 |
Total | 12,250,093 |
6 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Tobacco 1.9% | ||
Altria Group, Inc. | 94,600 | 4,137,804 |
Philip Morris International, Inc. | 60,800 | 4,851,232 |
Total | 8,989,036 | |
Total Consumer Staples | 32,481,857 | |
Energy 2.0% | ||
Oil, Gas & Consumable Fuels 2.0% | ||
Chevron Corp. | 24,800 | 2,081,464 |
ConocoPhillips Co. | 82,100 | 3,110,769 |
EOG Resources, Inc. | 14,800 | 671,032 |
Exxon Mobil Corp. | 16,600 | 663,004 |
HollyFrontier Corp. | 67,500 | 1,611,225 |
Phillips 66 | 18,000 | 1,052,460 |
Total | 9,189,954 | |
Total Energy | 9,189,954 | |
Financials 9.3% | ||
Banks 3.3% | ||
Bank of America Corp. | 89,300 | 2,298,582 |
Citigroup, Inc. | 88,100 | 4,503,672 |
Citizens Financial Group, Inc. | 111,800 | 2,892,266 |
JPMorgan Chase & Co. | 56,400 | 5,650,716 |
Total | 15,345,236 | |
Capital Markets 3.4% | ||
Bank of New York Mellon Corp. (The) | 47,500 | 1,756,550 |
BlackRock, Inc. | 4,450 | 2,644,146 |
Moody’s Corp. | 5,750 | 1,694,180 |
S&P Global, Inc. | 6,950 | 2,546,619 |
State Street Corp. | 51,500 | 3,506,635 |
T. Rowe Price Group, Inc. | 25,700 | 3,577,697 |
Total | 15,725,827 | |
Diversified Financial Services 0.8% | ||
Berkshire Hathaway, Inc., Class B(a) | 16,600 | 3,619,464 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Insurance 1.8% | ||
Allstate Corp. (The) | 32,300 | 3,003,900 |
MetLife, Inc. | 41,900 | 1,611,474 |
Prudential Financial, Inc. | 34,700 | 2,351,619 |
Unum Group | 56,800 | 1,049,664 |
Total | 8,016,657 | |
Total Financials | 42,707,184 | |
Health Care 14.2% | ||
Biotechnology 2.4% | ||
AbbVie, Inc. | 35,300 | 3,380,681 |
Alexion Pharmaceuticals, Inc.(a) | 15,200 | 1,736,144 |
Amgen, Inc. | 2,300 | 582,636 |
Gilead Sciences, Inc. | 14,100 | 941,175 |
Regeneron Pharmaceuticals, Inc.(a) | 2,300 | 1,425,839 |
Vertex Pharmaceuticals, Inc.(a) | 11,450 | 3,195,924 |
Total | 11,262,399 | |
Health Care Equipment & Supplies 3.3% | ||
Abbott Laboratories | 45,800 | 5,013,726 |
Dentsply Sirona, Inc. | 61,000 | 2,737,070 |
Hologic, Inc.(a) | 41,300 | 2,466,436 |
Medtronic PLC | 41,800 | 4,492,246 |
Zimmer Biomet Holdings, Inc. | 5,000 | 704,400 |
Total | 15,413,878 | |
Health Care Providers & Services 2.9% | ||
Cardinal Health, Inc. | 14,100 | 715,716 |
Cigna Corp. | 4,100 | 727,217 |
CVS Health Corp. | 16,700 | 1,037,404 |
DaVita, Inc.(a) | 30,800 | 2,672,208 |
HCA Healthcare, Inc. | 25,500 | 3,460,860 |
Humana, Inc. | 5,550 | 2,304,193 |
McKesson Corp. | 4,200 | 644,448 |
UnitedHealth Group, Inc. | 5,400 | 1,687,770 |
Total | 13,249,816 | |
Pharmaceuticals 5.6% | ||
Bristol-Myers Squibb Co. | 60,500 | 3,763,100 |
Eli Lilly and Co. | 10,700 | 1,587,773 |
Johnson & Johnson | 59,800 | 9,173,918 |
Merck & Co., Inc. | 71,200 | 6,071,224 |
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 7 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Mylan NV(a) | 170,300 | 2,789,514 |
Pfizer, Inc. | 59,900 | 2,263,621 |
Total | 25,649,150 | |
Total Health Care | 65,575,243 | |
Industrials 7.6% | ||
Aerospace & Defense 1.0% | ||
Lockheed Martin Corp. | 11,500 | 4,487,990 |
Building Products 0.9% | ||
Fortune Brands Home & Security, Inc. | 39,700 | 3,337,976 |
Masco Corp. | 13,700 | 798,710 |
Total | 4,136,686 | |
Commercial Services & Supplies 0.1% | ||
Cintas Corp. | 900 | 299,916 |
Construction & Engineering 0.6% | ||
Quanta Services, Inc. | 59,000 | 3,023,750 |
Electrical Equipment 1.4% | ||
Eaton Corp. PLC | 37,200 | 3,798,120 |
Rockwell Automation, Inc. | 12,200 | 2,812,466 |
Total | 6,610,586 | |
Machinery 1.2% | ||
Dover Corp. | 4,700 | 516,248 |
Illinois Tool Works, Inc. | 20,800 | 4,109,040 |
Pentair PLC | 21,800 | 984,052 |
Total | 5,609,340 | |
Professional Services 0.2% | ||
Robert Half International, Inc. | 15,200 | 808,640 |
Road & Rail 2.2% | ||
CSX Corp. | 51,100 | 3,907,106 |
Norfolk Southern Corp. | 18,900 | 4,016,817 |
Union Pacific Corp. | 11,300 | 2,174,572 |
Total | 10,098,495 | |
Total Industrials | 35,075,403 | |
Information Technology 28.5% | ||
Communications Equipment 1.3% | ||
Arista Networks, Inc.(a) | 3,300 | 737,385 |
Cisco Systems, Inc. | 126,400 | 5,336,608 |
Total | 6,073,993 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
IT Services 4.6% | ||
Leidos Holdings, Inc. | 17,200 | 1,556,428 |
MasterCard, Inc., Class A | 22,900 | 8,202,551 |
PayPal Holdings, Inc.(a) | 2,300 | 469,522 |
VeriSign, Inc.(a) | 15,400 | 3,307,920 |
Visa, Inc., Class A | 36,700 | 7,780,033 |
Total | 21,316,454 | |
Semiconductors & Semiconductor Equipment 4.0% | ||
Broadcom, Inc. | 8,700 | 3,020,205 |
Intel Corp. | 125,000 | 6,368,750 |
KLA Corp. | 15,900 | 3,261,726 |
NVIDIA Corp. | 3,350 | 1,792,183 |
QUALCOMM, Inc. | 34,100 | 4,061,310 |
Total | 18,504,174 | |
Software 10.8% | ||
Adobe, Inc.(a) | 13,800 | 7,084,782 |
Autodesk, Inc.(a) | 15,600 | 3,832,920 |
Cadence Design Systems, Inc.(a) | 3,500 | 388,185 |
Citrix Systems, Inc. | 3,900 | 566,280 |
Fortinet, Inc.(a) | 22,700 | 2,996,514 |
Intuit, Inc. | 13,150 | 4,541,878 |
Microsoft Corp.(b) | 133,800 | 30,175,914 |
Total | 49,586,473 | |
Technology Hardware, Storage & Peripherals 7.8% | ||
Apple, Inc. | 272,300 | 35,137,592 |
Xerox Holdings Corp. | 34,100 | 643,126 |
Total | 35,780,718 | |
Total Information Technology | 131,261,812 | |
Materials 2.1% | ||
Chemicals 0.6% | ||
LyondellBasell Industries NV, Class A | 44,100 | 2,887,668 |
Containers & Packaging 1.5% | ||
Avery Dennison Corp. | 19,000 | 2,192,410 |
International Paper Co. | 22,300 | 808,821 |
Packaging Corp. of America | 7,400 | 749,176 |
WestRock Co. | 100,100 | 3,036,033 |
Total | 6,786,440 | |
Total Materials | 9,674,108 |
8 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 2.9% | ||
Equity Real Estate Investment Trusts (REITS) 2.5% | ||
American Tower Corp. | 5,400 | 1,345,410 |
Equinix, Inc. | 5,225 | 4,126,600 |
Mid-America Apartment Communities, Inc. | 16,700 | 1,955,904 |
ProLogis, Inc. | 6,500 | 662,090 |
SBA Communications Corp. | 10,650 | 3,259,646 |
Total | 11,349,650 | |
Real Estate Management & Development 0.4% | ||
CBRE Group, Inc., Class A(a) | 39,000 | 1,834,170 |
Total Real Estate | 13,183,820 | |
Utilities 3.1% | ||
Electric Utilities 2.0% | ||
Entergy Corp. | 28,700 | 2,845,318 |
Exelon Corp. | 70,200 | 2,591,082 |
NRG Energy, Inc. | 85,300 | 2,935,173 |
Southern Co. (The) | 9,900 | 516,582 |
Total | 8,888,155 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Independent Power and Renewable Electricity Producers 0.4% | ||
AES Corp. (The) | 108,000 | 1,917,000 |
Multi-Utilities 0.7% | ||
Sempra Energy | 26,900 | 3,326,185 |
Total Utilities | 14,131,340 | |
Total Common Stocks (Cost $287,793,052) | 457,207,563 | |
Money Market Funds 0.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.149%(c),(d) | 3,378,811 | 3,378,811 |
Total Money Market Funds (Cost $3,378,301) | 3,378,811 | |
Total Investments in Securities (Cost: $291,171,353) | 460,586,374 | |
Other Assets & Liabilities, Net | 61,904 | |
Net Assets | 460,648,278 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
S&P 500 Index E-mini | 24 | 09/2020 | USD | 4,198,680 | 550,735 | — |
(a) | Non-income producing investment. |
(b) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(c) | The rate shown is the seven-day current annualized yield at August 31, 2020. |
(d) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended August 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.149% | ||||||||
3,972,793 | 82,071,429 | (82,665,664) | 253 | 3,378,811 | (4,895) | 16,589 | 3,378,811 |
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 9 |
August 31, 2020 (Unaudited)
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 49,615,319 | — | — | 49,615,319 |
Consumer Discretionary | 54,311,523 | — | — | 54,311,523 |
Consumer Staples | 32,481,857 | — | — | 32,481,857 |
Energy | 9,189,954 | — | — | 9,189,954 |
Financials | 42,707,184 | — | — | 42,707,184 |
Health Care | 65,575,243 | — | — | 65,575,243 |
Industrials | 35,075,403 | — | — | 35,075,403 |
Information Technology | 131,261,812 | — | — | 131,261,812 |
Materials | 9,674,108 | — | — | 9,674,108 |
Real Estate | 13,183,820 | — | — | 13,183,820 |
Utilities | 14,131,340 | — | — | 14,131,340 |
Total Common Stocks | 457,207,563 | — | — | 457,207,563 |
Money Market Funds | 3,378,811 | — | — | 3,378,811 |
Total Investments in Securities | 460,586,374 | — | — | 460,586,374 |
10 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 550,735 | — | — | 550,735 |
Total | 461,137,109 | — | — | 461,137,109 |
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 11 |
August 31, 2020 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $287,793,052) | $457,207,563 |
Affiliated issuers (cost $3,378,301) | 3,378,811 |
Receivable for: | |
Capital shares sold | 202,591 |
Dividends | 744,412 |
Expense reimbursement due from Investment Manager | 15,432 |
Prepaid expenses | 4,014 |
Other assets | 17,277 |
Total assets | 461,570,100 |
Liabilities | |
Payable for: | |
Capital shares purchased | 697,299 |
Variation margin for futures contracts | 10,932 |
Management services fees | 28,457 |
Distribution and/or service fees | 3,583 |
Transfer agent fees | 40,440 |
Compensation of board members | 111,811 |
Compensation of chief compliance officer | 60 |
Other expenses | 29,240 |
Total liabilities | 921,822 |
Net assets applicable to outstanding capital stock | $460,648,278 |
Represented by | |
Paid in capital | 296,412,385 |
Total distributable earnings (loss) | 164,235,893 |
Total - representing net assets applicable to outstanding capital stock | $460,648,278 |
Class A | |
Net assets | $60,158,408 |
Shares outstanding | 2,348,279 |
Net asset value per share | $25.62 |
Advisor Class | |
Net assets | $7,394,530 |
Shares outstanding | 292,280 |
Net asset value per share | $25.30 |
Institutional Class | |
Net assets | $87,130,465 |
Shares outstanding | 3,404,960 |
Net asset value per share | $25.59 |
Institutional 2 Class | |
Net assets | $10,956,482 |
Shares outstanding | 429,984 |
Net asset value per share | $25.48 |
Institutional 3 Class | |
Net assets | $237,985,442 |
Shares outstanding | 9,291,881 |
Net asset value per share | $25.61 |
Class R | |
Net assets | $57,022,951 |
Shares outstanding | 2,233,702 |
Net asset value per share | $25.53 |
12 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
Six Months Ended August 31, 2020 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $4,224,133 |
Dividends — affiliated issuers | 16,589 |
Total income | 4,240,722 |
Expenses: | |
Management services fees | 1,553,017 |
Distribution and/or service fees | |
Class A | 69,185 |
Class R | 128,532 |
Transfer agent fees | |
Class A | 55,460 |
Advisor Class | 11,969 |
Institutional Class | 81,315 |
Institutional 2 Class | 3,043 |
Institutional 3 Class | 9,534 |
Class R | 51,563 |
Compensation of board members | 6,250 |
Custodian fees | 9,223 |
Printing and postage fees | 11,759 |
Registration fees | 49,659 |
Audit fees | 15,940 |
Legal fees | 6,953 |
Compensation of chief compliance officer | 50 |
Other | 7,720 |
Total expenses | 2,071,172 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (763,287) |
Total net expenses | 1,307,885 |
Net investment income | 2,932,837 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (7,723,276) |
Investments — affiliated issuers | (4,895) |
Futures contracts | 1,518,176 |
Net realized loss | (6,209,995) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 81,960,680 |
Investments — affiliated issuers | 253 |
Futures contracts | 975,769 |
Net change in unrealized appreciation (depreciation) | 82,936,702 |
Net realized and unrealized gain | 76,726,707 |
Net increase in net assets resulting from operations | $79,659,544 |
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 13 |
Six Months Ended August 31, 2020 (Unaudited) | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $2,932,837 | $6,921,612 |
Net realized gain (loss) | (6,209,995) | 46,765,379 |
Net change in unrealized appreciation (depreciation) | 82,936,702 | (27,210,775) |
Net increase in net assets resulting from operations | 79,659,544 | 26,476,216 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (3,963,093) | (2,721,479) |
Advisor Class | (907,928) | (540,497) |
Institutional Class | (5,687,139) | (12,448,896) |
Institutional 2 Class | (657,598) | (1,215,314) |
Institutional 3 Class | (15,267,506) | (3,428,701) |
Class R | (3,754,097) | (2,226,779) |
Total distributions to shareholders | (30,237,361) | (22,581,666) |
Increase (decrease) in net assets from capital stock activity | 8,761,211 | (146,905,062) |
Total increase (decrease) in net assets | 58,183,394 | (143,010,512) |
Net assets at beginning of period | 402,464,884 | 545,475,396 |
Net assets at end of period | $460,648,278 | $402,464,884 |
14 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
Six Months Ended | Year Ended | |||
August 31, 2020 (Unaudited) | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 174,866 | 3,900,802 | 467,778 | 11,427,290 |
Distributions reinvested | 141,794 | 3,231,477 | 93,223 | 2,274,192 |
Redemptions | (410,207) | (9,395,792) | (1,328,844) | (32,787,695) |
Net decrease | (93,547) | (2,263,513) | (767,843) | (19,086,213) |
Advisor Class | ||||
Subscriptions | 46,579 | 1,001,031 | 398,796 | 9,400,025 |
Distributions reinvested | 40,352 | 907,928 | 22,389 | 540,374 |
Redemptions | (321,243) | (7,737,226) | (119,401) | (2,865,633) |
Net increase (decrease) | (234,312) | (5,828,267) | 301,784 | 7,074,766 |
Institutional Class | ||||
Subscriptions | 267,365 | 5,959,822 | 1,044,900 | 25,106,388 |
Distributions reinvested | 213,166 | 4,851,657 | 252,722 | 6,140,053 |
Redemptions | (1,295,459) | (26,989,107) | (11,122,218) | (279,640,754) |
Net decrease | (814,928) | (16,177,628) | (9,824,596) | (248,394,313) |
Institutional 2 Class | ||||
Subscriptions | 92,312 | 2,109,859 | 204,608 | 4,869,879 |
Distributions reinvested | 29,020 | 657,598 | 50,090 | 1,215,180 |
Redemptions | (193,647) | (4,012,546) | (880,128) | (22,044,902) |
Net decrease | (72,315) | (1,245,089) | (625,430) | (15,959,843) |
Institutional 3 Class | ||||
Subscriptions | 3,730,933 | 77,463,640 | 7,232,472 | 181,696,892 |
Distributions reinvested | 339,449 | 7,729,241 | 140,369 | 3,420,127 |
Redemptions | (2,307,897) | (51,086,430) | (2,216,533) | (54,491,429) |
Net increase | 1,762,485 | 34,106,451 | 5,156,308 | 130,625,590 |
Class R | ||||
Subscriptions | 351,831 | 7,973,107 | 1,133,833 | 27,391,983 |
Distributions reinvested | 153,470 | 3,488,375 | 75,523 | 1,841,533 |
Redemptions | (499,391) | (11,292,225) | (1,244,666) | (30,398,565) |
Net increase (decrease) | 5,910 | 169,257 | (35,310) | (1,165,049) |
Total net increase (decrease) | 553,293 | 8,761,211 | (5,795,087) | (146,905,062) |
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 15 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $23.11 | 0.14 | 4.09 | 4.23 | (0.05) | (1.67) | (1.72) |
Year Ended 2/29/2020 | $23.52 | 0.27 | 0.32 | 0.59 | (0.24) | (0.76) | (1.00) |
Year Ended 2/28/2019 | $25.12 | 0.28 | 0.69 | 0.97 | (0.24) | (2.33) | (2.57) |
Year Ended 2/28/2018 | $23.81 | 0.32 | 4.16 | 4.48 | (0.32) | (2.85) | (3.17) |
Year Ended 2/28/2017 | $19.69 | 0.29 | 4.14 | 4.43 | (0.31) | — | (0.31) |
Year Ended 2/29/2016 | $22.05 | 0.27 | (2.20) | (1.93) | (0.43) | — | (0.43) |
Advisor Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $22.83 | 0.16 | 4.04 | 4.20 | (0.06) | (1.67) | (1.73) |
Year Ended 2/29/2020 | $23.23 | 0.33 | 0.32 | 0.65 | (0.29) | (0.76) | (1.05) |
Year Ended 2/28/2019 | $24.85 | 0.36 | 0.65 | 1.01 | (0.30) | (2.33) | (2.63) |
Year Ended 2/28/2018 | $23.58 | 0.37 | 4.13 | 4.50 | (0.38) | (2.85) | (3.23) |
Year Ended 2/28/2017 | $19.49 | 0.36 | 4.09 | 4.45 | (0.36) | — | (0.36) |
Year Ended 2/29/2016(e) | $21.32 | 0.20 | (1.74) | (1.54) | (0.29) | — | (0.29) |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $23.07 | 0.16 | 4.09 | 4.25 | (0.06) | (1.67) | (1.73) |
Year Ended 2/29/2020 | $23.47 | 0.32 | 0.33 | 0.65 | (0.29) | (0.76) | (1.05) |
Year Ended 2/28/2019 | $25.07 | 0.34 | 0.69 | 1.03 | (0.30) | (2.33) | (2.63) |
Year Ended 2/28/2018 | $23.77 | 0.38 | 4.15 | 4.53 | (0.38) | (2.85) | (3.23) |
Year Ended 2/28/2017 | $19.65 | 0.34 | 4.14 | 4.48 | (0.36) | — | (0.36) |
Year Ended 2/29/2016 | $22.01 | 0.34 | (2.22) | (1.88) | (0.48) | — | (0.48) |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $22.97 | 0.18 | 4.07 | 4.25 | (0.07) | (1.67) | (1.74) |
Year Ended 2/29/2020 | $23.37 | 0.35 | 0.32 | 0.67 | (0.31) | (0.76) | (1.07) |
Year Ended 2/28/2019 | $24.98 | 0.37 | 0.68 | 1.05 | (0.33) | (2.33) | (2.66) |
Year Ended 2/28/2018 | $23.69 | 0.40 | 4.14 | 4.54 | (0.40) | (2.85) | (3.25) |
Year Ended 2/28/2017 | $19.58 | 0.36 | 4.13 | 4.49 | (0.38) | — | (0.38) |
Year Ended 2/29/2016 | $21.93 | 0.37 | (2.22) | (1.85) | (0.50) | — | (0.50) |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $23.08 | 0.18 | 4.09 | 4.27 | (0.07) | (1.67) | (1.74) |
Year Ended 2/29/2020 | $23.47 | 0.38 | 0.31 | 0.69 | (0.32) | (0.76) | (1.08) |
Year Ended 2/28/2019 | $25.07 | 0.38 | 0.69 | 1.07 | (0.34) | (2.33) | (2.67) |
Year Ended 2/28/2018 | $23.77 | 0.44 | 4.13 | 4.57 | (0.42) | (2.85) | (3.27) |
Year Ended 2/28/2017 | $19.65 | 0.37 | 4.14 | 4.51 | (0.39) | — | (0.39) |
Year Ended 2/29/2016 | $22.01 | 0.38 | (2.23) | (1.85) | (0.51) | — | (0.51) |
16 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $25.62 | 19.24% | 1.25%(c) | 0.87%(c) | 1.18%(c) | 50% | $60,158 |
Year Ended 2/29/2020 | $23.11 | 2.33% | 1.20% | 0.88%(d) | 1.11% | 77% | $56,439 |
Year Ended 2/28/2019 | $23.52 | 4.14% | 1.21% | 0.89% | 1.17% | 99% | $75,497 |
Year Ended 2/28/2018 | $25.12 | 19.81% | 1.23% | 0.89% | 1.31% | 70% | $60,502 |
Year Ended 2/28/2017 | $23.81 | 22.62% | 1.24% | 0.89%(d) | 1.32% | 79% | $79,005 |
Year Ended 2/29/2016 | $19.69 | (8.94%) | 1.25% | 0.90% | 1.27% | 89% | $75,126 |
Advisor Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $25.30 | 19.36% | 1.00%(c) | 0.62%(c) | 1.41%(c) | 50% | $7,395 |
Year Ended 2/29/2020 | $22.83 | 2.60% | 0.95% | 0.63%(d) | 1.38% | 77% | $12,021 |
Year Ended 2/28/2019 | $23.23 | 4.38% | 0.96% | 0.64% | 1.53% | 99% | $5,222 |
Year Ended 2/28/2018 | $24.85 | 20.12% | 0.98% | 0.64% | 1.48% | 70% | $663 |
Year Ended 2/28/2017 | $23.58 | 22.98% | 0.99% | 0.64%(d) | 1.64% | 79% | $260 |
Year Ended 2/29/2016(e) | $19.49 | (7.31%) | 1.01%(c) | 0.65%(c) | 1.49%(c) | 89% | $120 |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $25.59 | 19.37% | 1.00%(c) | 0.62%(c) | 1.43%(c) | 50% | $87,130 |
Year Ended 2/29/2020 | $23.07 | 2.58% | 0.94% | 0.63%(d) | 1.34% | 77% | $97,348 |
Year Ended 2/28/2019 | $23.47 | 4.42% | 0.96% | 0.64% | 1.41% | 99% | $329,587 |
Year Ended 2/28/2018 | $25.07 | 20.08% | 0.98% | 0.64% | 1.56% | 70% | $260,985 |
Year Ended 2/28/2017 | $23.77 | 22.94% | 0.99% | 0.64%(d) | 1.57% | 79% | $256,195 |
Year Ended 2/29/2016 | $19.65 | (8.73%) | 1.00% | 0.65% | 1.61% | 89% | $299,136 |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $25.48 | 19.43% | 0.86%(c) | 0.51%(c) | 1.54%(c) | 50% | $10,956 |
Year Ended 2/29/2020 | $22.97 | 2.66% | 0.85% | 0.54% | 1.46% | 77% | $11,538 |
Year Ended 2/28/2019 | $23.37 | 4.50% | 0.87% | 0.54% | 1.56% | 99% | $26,349 |
Year Ended 2/28/2018 | $24.98 | 20.20% | 0.87% | 0.55% | 1.63% | 70% | $11,486 |
Year Ended 2/28/2017 | $23.69 | 23.08% | 0.86% | 0.56% | 1.66% | 79% | $7,078 |
Year Ended 2/29/2016 | $19.58 | (8.62%) | 0.84% | 0.55% | 1.78% | 89% | $2,969 |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $25.61 | 19.44% | 0.81%(c) | 0.46%(c) | 1.59%(c) | 50% | $237,985 |
Year Ended 2/29/2020 | $23.08 | 2.73% | 0.81% | 0.49% | 1.59% | 77% | $173,757 |
Year Ended 2/28/2019 | $23.47 | 4.58% | 0.81% | 0.49% | 1.61% | 99% | $55,689 |
Year Ended 2/28/2018 | $25.07 | 20.24% | 0.82% | 0.50% | 1.77% | 70% | $28,180 |
Year Ended 2/28/2017 | $23.77 | 23.11% | 0.81% | 0.51% | 1.71% | 79% | $5,016 |
Year Ended 2/29/2016 | $19.65 | (8.59%) | 0.80% | 0.50% | 1.79% | 89% | $2,520 |
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 17 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class R | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $23.05 | 0.11 | 4.08 | 4.19 | (0.04) | (1.67) | (1.71) |
Year Ended 2/29/2020 | $23.48 | 0.21 | 0.31 | 0.52 | (0.19) | (0.76) | (0.95) |
Year Ended 2/28/2019 | $25.08 | 0.22 | 0.69 | 0.91 | (0.18) | (2.33) | (2.51) |
Year Ended 2/28/2018 | $23.78 | 0.26 | 4.15 | 4.41 | (0.26) | (2.85) | (3.11) |
Year Ended 2/28/2017 | $19.66 | 0.23 | 4.15 | 4.38 | (0.26) | — | (0.26) |
Year Ended 2/29/2016 | $22.02 | 0.25 | (2.24) | (1.99) | (0.37) | — | (0.37) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Advisor Class shares commenced operations on July 1, 2015. Per share data and total return reflect activity from that date. |
18 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
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 R | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $25.53 | 19.10% | 1.50%(c) | 1.12%(c) | 0.93%(c) | 50% | $57,023 |
Year Ended 2/29/2020 | $23.05 | 2.04% | 1.45% | 1.13%(d) | 0.86% | 77% | $51,362 |
Year Ended 2/28/2019 | $23.48 | 3.88% | 1.46% | 1.14% | 0.93% | 99% | $53,131 |
Year Ended 2/28/2018 | $25.08 | 19.51% | 1.48% | 1.14% | 1.06% | 70% | $38,251 |
Year Ended 2/28/2017 | $23.78 | 22.36% | 1.49% | 1.14%(d) | 1.08% | 79% | $37,996 |
Year Ended 2/29/2016 | $19.66 | (9.18%) | 1.51% | 1.15% | 1.20% | 89% | $29,687 |
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 19 |
August 31, 2020 (Unaudited)
20 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 21 |
August 31, 2020 (Unaudited)
22 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 550,735* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | ||||||
Risk exposure category | Futures contracts ($) | |||||
Equity risk | 1,518,176 | |||||
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||||
Risk exposure category | Futures contracts ($) | |||||
Equity risk | 975,769 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 6,434,190 |
* | Based on the ending quarterly outstanding amounts for the six months ended August 31, 2020. |
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 23 |
August 31, 2020 (Unaudited)
24 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Effective rate (%) | |
Class A | 0.20 |
Advisor Class | 0.20 |
Institutional Class | 0.20 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Class R | 0.20 |
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 25 |
August 31, 2020 (Unaudited)
July 1, 2020 through June 30, 2021 | Prior to July 1, 2020 | |
Class A | 0.84% | 0.88% |
Advisor Class | 0.59 | 0.63 |
Institutional Class | 0.59 | 0.63 |
Institutional 2 Class | 0.45 | 0.54 |
Institutional 3 Class | 0.40 | 0.49 |
Class R | 1.09 | 1.13 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
291,171,000 | 173,814,000 | (3,848,000) | 169,966,000 |
26 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 27 |
August 31, 2020 (Unaudited)
28 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 29 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
30 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
Nature, extent and quality of services provided by Columbia Threadneedle
Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 | 31 |
The Board considered the reports of its independent fee consultant, JDL Consultants, LLC (JDL), which assisted in the Board’s analysis of the Funds’ performance and expenses, the reasonableness of the Funds’ fee rates, and JDL’s conclusion that the management fees being charged to the Fund are reasonable. The Board accorded particular weight to the notion that the 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 defined exceptions) are generally in line with the "pricing philosophy" currently in effect (i.e., 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. Based on its review, the Board concluded that the Fund’s management fee was fair and reasonable in light of the extent and quality of services that the Fund receives.
32 | Columbia Large Cap Enhanced Core Fund | Semiannual Report 2020 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
August 31, 2020
(Unaudited)
Average annual total returns (%) (for the period ended August 31, 2020) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | 10/15/96 | 2.37 | -0.86 | 7.01 | 11.82 | |
Institutional Class | 10/15/96 | 2.46 | -0.64 | 7.27 | 12.09 | |
Institutional 2 Class* | 11/08/12 | 2.49 | -0.63 | 7.27 | 12.04 | |
Institutional 3 Class* | 03/01/17 | 2.48 | -0.61 | 7.21 | 11.92 | |
S&P SmallCap 600 Index | 2.45 | -0.55 | 7.47 | 12.31 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. Since the Fund launched more than one share class at its inception, Class A shares were used. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 3 |
(Unaudited)
Portfolio breakdown (%) (at August 31, 2020) | |
Common Stocks | 98.4 |
Exchange-Traded Equity Funds | 1.1 |
Money Market Funds | 0.5 |
Total | 100.0 |
Equity sector breakdown (%) (at August 31, 2020) | |
Communication Services | 2.6 |
Consumer Discretionary | 15.4 |
Consumer Staples | 3.7 |
Energy | 2.9 |
Financials | 15.7 |
Health Care | 12.9 |
Industrials | 18.4 |
Information Technology | 13.6 |
Materials | 5.1 |
Real Estate | 8.1 |
Utilities | 1.6 |
Total | 100.0 |
4 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
(Unaudited)
March 1, 2020 — August 31, 2020 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,023.70 | 1,023.06 | 2.31 | 2.31 | 0.45 |
Institutional Class | 1,000.00 | 1,000.00 | 1,024.60 | 1,024.33 | 1.03 | 1.03 | 0.20 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,024.90 | 1,024.33 | 1.03 | 1.03 | 0.20 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,024.80 | 1,024.33 | 1.03 | 1.03 | 0.20 |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 5 |
August 31, 2020 (Unaudited)
Common Stocks 97.9% | ||
Issuer | Shares | Value ($) |
Communication Services 2.5% | ||
Diversified Telecommunication Services 1.4% | ||
ATN International, Inc. | 47,984 | 2,783,072 |
Cincinnati Bell, Inc.(a) | 223,282 | 3,362,627 |
Cogent Communications Holdings, Inc. | 185,300 | 12,463,278 |
Consolidated Communications Holdings, Inc.(a) | 322,540 | 2,509,361 |
Iridium Communications, Inc.(a) | 432,090 | 12,102,841 |
Vonage Holdings Corp.(a) | 1,018,500 | 11,661,825 |
Total | 44,883,004 | |
Entertainment 0.2% | ||
Glu Mobile, Inc.(a) | 581,130 | 4,614,172 |
Marcus Corp. (The) | 102,143 | 1,600,581 |
Total | 6,214,753 | |
Interactive Media & Services 0.1% | ||
QuinStreet, Inc.(a) | 206,479 | 2,715,199 |
Media 0.4% | ||
EW Scripps Co. (The), Class A | 242,304 | 2,694,421 |
Gannett Co, Inc. | 583,322 | 1,009,147 |
Meredith Corp. | 177,980 | 2,491,720 |
Scholastic Corp. | 133,940 | 3,013,650 |
TechTarget, Inc.(a) | 100,900 | 4,003,712 |
Total | 13,212,650 | |
Wireless Telecommunication Services 0.4% | ||
Shenandoah Telecommunications Co. | 206,890 | 11,441,017 |
Spok Holdings, Inc. | 78,049 | 846,051 |
Total | 12,287,068 | |
Total Communication Services | 79,312,674 | |
Consumer Discretionary 15.1% | ||
Auto Components 2.1% | ||
American Axle & Manufacturing Holdings, Inc.(a) | 499,370 | 3,885,099 |
Cooper Tire & Rubber Co. | 222,040 | 7,675,923 |
Cooper-Standard Holding, Inc.(a) | 74,560 | 1,351,027 |
Dorman Products, Inc.(a) | 127,505 | 10,798,398 |
Fox Factory Holding Corp.(a) | 181,060 | 18,252,659 |
Garrett Motion, Inc.(a) | 333,790 | 917,923 |
Gentherm, Inc.(a) | 143,950 | 6,510,858 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
LCI Industries | 110,997 | 12,612,589 |
Motorcar Parts of America, Inc.(a) | 83,750 | 1,458,087 |
Standard Motor Products, Inc. | 88,679 | 4,029,574 |
Total | 67,492,137 | |
Automobiles 0.3% | ||
Winnebago Industries, Inc. | 148,800 | 8,032,224 |
Distributors 0.2% | ||
Core-Mark Holding Co., Inc. | 199,090 | 6,653,588 |
Diversified Consumer Services 0.2% | ||
American Public Education, Inc.(a) | 65,274 | 2,052,215 |
Perdoceo Education Corp.(a) | 304,968 | 4,382,390 |
Regis Corp.(a) | 106,800 | 789,252 |
Total | 7,223,857 | |
Hotels, Restaurants & Leisure 2.3% | ||
BJ’s Restaurants, Inc. | 98,302 | 3,098,479 |
Bloomin’ Brands, Inc. | 386,330 | 5,539,972 |
Brinker International, Inc. | 198,520 | 8,941,341 |
Cheesecake Factory, Inc. (The) | 184,690 | 5,453,896 |
Chuy’s Holdings, Inc.(a) | 73,500 | 1,634,640 |
Dave & Buster’s Entertainment, Inc. | 209,250 | 3,479,827 |
Dine Brands Global, Inc. | 72,501 | 4,318,160 |
El Pollo Loco Holdings, Inc.(a) | 86,810 | 1,551,295 |
Fiesta Restaurant Group, Inc.(a) | 89,420 | 895,988 |
Monarch Casino & Resort, Inc.(a) | 52,965 | 2,436,920 |
Red Robin Gourmet Burgers, Inc.(a) | 56,994 | 632,633 |
Ruth’s Hospitality Group, Inc. | 138,928 | 1,427,485 |
Shake Shack, Inc., Class A(a) | 155,080 | 10,584,210 |
Wingstop, Inc. | 130,630 | 21,344,942 |
Total | 71,339,788 | |
Household Durables 2.7% | ||
Cavco Industries, Inc.(a) | 38,080 | 7,269,853 |
Century Communities, Inc.(a) | 126,590 | 4,516,731 |
Ethan Allen Interiors, Inc. | 101,782 | 1,449,376 |
Installed Building Products, Inc.(a) | 93,410 | 8,109,856 |
iRobot Corp.(a) | 123,135 | 9,115,684 |
La-Z-Boy, Inc. | 203,277 | 6,606,502 |
6 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
LGI Homes, Inc.(a) | 96,330 | 10,775,474 |
M/I Homes, Inc.(a) | 125,953 | 5,360,560 |
MDC Holdings, Inc. | 222,749 | 9,662,852 |
Meritage Homes Corp.(a) | 156,061 | 14,986,538 |
Tupperware Brands Corp. | 216,440 | 3,525,807 |
Universal Electronics, Inc.(a) | 61,439 | 2,523,914 |
Total | 83,903,147 | |
Internet & Direct Marketing Retail 0.8% | ||
Liquidity Services, Inc.(a) | 120,190 | 866,570 |
PetMed Express, Inc. | 89,048 | 3,095,308 |
Shutterstock, Inc. | 84,960 | 4,275,187 |
Stamps.com, Inc.(a) | 71,670 | 17,870,198 |
Total | 26,107,263 | |
Leisure Products 1.1% | ||
Callaway Golf Co. | 415,565 | 8,668,686 |
Sturm Ruger & Co., Inc. | 73,340 | 5,196,872 |
Vista Outdoor, Inc.(a) | 256,180 | 4,972,454 |
YETI Holdings, Inc.(a) | 295,660 | 15,191,011 |
Total | 34,029,023 | |
Multiline Retail 0.6% | ||
Big Lots, Inc. | 173,230 | 8,167,795 |
Macy’s, Inc. | 1,367,460 | 9,531,196 |
Total | 17,698,991 | |
Specialty Retail 3.1% | ||
Abercrombie & Fitch Co., Class A | 272,010 | 3,538,850 |
America’s Car-Mart, Inc.(a) | 27,470 | 2,760,735 |
Asbury Automotive Group, Inc.(a) | 85,180 | 9,011,192 |
Barnes & Noble Education, Inc.(a) | 170,623 | 389,020 |
Bed Bath & Beyond, Inc. | 558,840 | 6,806,671 |
Boot Barn Holdings, Inc.(a) | 127,220 | 3,591,421 |
Buckle, Inc. (The) | 126,541 | 2,371,378 |
Caleres, Inc. | 177,664 | 1,387,556 |
Cato Corp. (The), Class A | 93,345 | 746,760 |
Chico’s FAS, Inc. | 531,600 | 680,448 |
Children’s Place, Inc. (The) | 64,221 | 1,282,172 |
Conn’s, Inc.(a) | 84,580 | 1,080,932 |
Designer Brands, Inc. | 239,870 | 1,691,084 |
Express, Inc.(a) | 284,640 | 315,950 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
GameStop Corp., Class A(a) | 285,970 | 1,910,280 |
Genesco, Inc.(a) | 61,592 | 1,201,044 |
Group 1 Automotive, Inc. | 75,445 | 6,521,466 |
Guess?, Inc. | 194,160 | 2,232,840 |
Haverty Furniture Companies, Inc. | 76,256 | 1,610,527 |
Hibbett Sports, Inc.(a) | 73,003 | 2,436,110 |
Lumber Liquidators Holdings, Inc.(a) | 127,238 | 3,052,440 |
MarineMax, Inc.(a) | 94,829 | 2,788,921 |
Michaels Companies, Inc. (The)(a) | 338,330 | 3,806,213 |
Monro, Inc. | 146,981 | 6,774,354 |
ODP Corp. (The) | 232,426 | 5,434,120 |
Rent-A-Center, Inc. | 213,740 | 6,561,818 |
Shoe Carnival, Inc. | 39,190 | 1,288,567 |
Signet Jewelers Ltd. | 231,140 | 3,991,788 |
Sleep Number Corp.(a) | 122,041 | 5,857,968 |
Sonic Automotive, Inc., Class A | 106,401 | 4,496,506 |
Zumiez, Inc.(a) | 88,718 | 2,278,278 |
Total | 97,897,409 | |
Textiles, Apparel & Luxury Goods 1.7% | ||
Capri Holdings Ltd.(a) | 659,570 | 10,447,589 |
Crocs, Inc.(a) | 297,518 | 11,873,943 |
Fossil Group, Inc.(a) | 205,460 | 1,322,135 |
G-III Apparel Group Ltd.(a) | 190,980 | 2,112,239 |
Kontoor Brands, Inc. | 206,780 | 4,569,838 |
Movado Group, Inc. | 72,953 | 795,917 |
Oxford Industries, Inc. | 74,086 | 3,669,479 |
Steven Madden Ltd. | 337,823 | 7,148,335 |
Unifi, Inc.(a) | 64,350 | 787,000 |
Vera Bradley, Inc.(a) | 101,480 | 534,800 |
Wolverine World Wide, Inc. | 358,512 | 8,955,630 |
Total | 52,216,905 | |
Total Consumer Discretionary | 472,594,332 | |
Consumer Staples 3.6% | ||
Beverages 0.4% | ||
Coca-Cola Bottling Co. Consolidated | 20,500 | 5,602,650 |
MGP Ingredients, Inc. | 58,200 | 2,069,010 |
National Beverage Corp.(a) | 51,460 | 4,184,727 |
Total | 11,856,387 |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 7 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Food & Staples Retailing 0.6% | ||
Andersons, Inc. (The) | 145,279 | 2,575,797 |
PriceSmart, Inc. | 98,640 | 6,485,580 |
SpartanNash Co. | 157,559 | 3,148,029 |
The Chefs’ Warehouse(a) | 136,510 | 2,021,713 |
United Natural Foods, Inc.(a) | 236,770 | 4,273,698 |
Total | 18,504,817 | |
Food Products 1.2% | ||
B&G Foods, Inc. | 283,136 | 8,816,855 |
Calavo Growers, Inc. | 72,442 | 4,597,894 |
Cal-Maine Foods, Inc.(a) | 160,876 | 6,208,205 |
Fresh Del Monte Produce, Inc. | 132,760 | 3,078,704 |
J&J Snack Foods Corp. | 65,887 | 8,957,337 |
John B. Sanfilippo & Son, Inc. | 39,470 | 3,143,391 |
Seneca Foods Corp., Class A(a) | 29,813 | 1,411,944 |
Total | 36,214,330 | |
Household Products 0.6% | ||
Central Garden & Pet Co.(a) | 42,420 | 1,726,070 |
Central Garden & Pet Co., Class A(a) | 173,142 | 6,433,957 |
WD-40 Co. | 60,359 | 12,336,172 |
Total | 20,496,199 | |
Personal Products 0.5% | ||
Inter Parfums, Inc. | 77,979 | 3,483,322 |
Medifast, Inc. | 52,019 | 8,464,532 |
Usana Health Sciences, Inc.(a) | 53,820 | 4,220,026 |
Total | 16,167,880 | |
Tobacco 0.3% | ||
Universal Corp. | 107,880 | 4,683,071 |
Vector Group Ltd. | 527,280 | 5,309,710 |
Total | 9,992,781 | |
Total Consumer Staples | 113,232,394 | |
Energy 2.8% | ||
Energy Equipment & Services 1.4% | ||
Archrock, Inc. | 567,250 | 3,721,160 |
Bristow Group, Inc.(a) | 29,466 | 557,202 |
Core Laboratories NV | 196,320 | 4,108,978 |
DMC Global Inc | 65,140 | 2,307,910 |
Dril-Quip, Inc.(a) | 154,820 | 5,129,187 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Exterran Corp.(a) | 122,970 | 565,662 |
Geospace Technologies Corp.(a) | 60,340 | 395,227 |
Helix Energy Solutions Group, Inc.(a) | 629,280 | 2,252,822 |
Helmerich & Payne, Inc. | 474,340 | 7,817,123 |
Matrix Service Co.(a) | 115,426 | 1,066,536 |
Nabors Industries Ltd. | 29,981 | 1,198,640 |
Newpark Resources, Inc.(a) | 396,980 | 774,111 |
Oceaneering International, Inc.(a) | 438,350 | 2,362,707 |
Oil States International, Inc.(a) | 269,110 | 1,181,393 |
Patterson-UTI Energy, Inc. | 823,570 | 3,170,744 |
ProPetro Holding Corp.(a) | 363,620 | 2,283,534 |
RPC, Inc.(a) | 228,130 | 714,047 |
SEACOR Holdings, Inc.(a) | 78,114 | 2,469,184 |
US Silica Holdings, Inc. | 325,920 | 1,453,603 |
Total | 43,529,770 | |
Oil, Gas & Consumable Fuels 1.4% | ||
Bonanza Creek Energy, Inc.(a) | 82,560 | 1,654,502 |
Callon Petroleum Co.(a) | 175,313 | 1,162,325 |
CONSOL Energy, Inc.(a) | 114,940 | 594,240 |
Dorian LPG Ltd.(a) | 118,960 | 1,004,022 |
Green Plains, Inc.(a) | 147,330 | 1,971,275 |
Gulfport Energy Corp.(a) | 642,440 | 453,370 |
Laredo Petroleum, Inc.(a) | 40,173 | 656,829 |
Matador Resources Co.(a) | 483,850 | 4,707,860 |
Oasis Petroleum, Inc.(a) | 1,287,830 | 715,261 |
Par Pacific Holdings, Inc.(a) | 171,250 | 1,486,450 |
PDC Energy, Inc.(a) | 421,987 | 6,388,883 |
Penn Virginia Corp.(a) | 59,570 | 680,289 |
QEP Resources, Inc. | 1,069,440 | 1,390,272 |
Range Resources Corp. | 937,350 | 6,992,631 |
Renewable Energy Group, Inc.(a) | 172,430 | 5,764,335 |
REX American Resources Corp.(a) | 24,310 | 1,501,872 |
SM Energy Co. | 469,010 | 1,139,694 |
Southwestern Energy Co.(a) | 2,392,020 | 6,649,816 |
Talos Energy, Inc.(a) | 89,450 | 671,770 |
Total | 45,585,696 | |
Total Energy | 89,115,466 |
8 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Financials 15.4% | ||
Banks 7.7% | ||
Allegiance Bancshares, Inc. | 82,890 | 2,107,064 |
Ameris Bancorp | 288,230 | 7,067,400 |
Banc of California, Inc. | 195,250 | 2,145,797 |
BancFirst Corp. | 79,290 | 3,488,760 |
BankUnited, Inc. | 407,980 | 9,538,572 |
Banner Corp. | 155,243 | 5,607,377 |
Berkshire Hills Bancorp, Inc. | 190,580 | 1,749,524 |
Boston Private Financial Holdings, Inc. | 361,225 | 2,145,676 |
Brookline Bancorp, Inc. | 348,494 | 3,345,542 |
Cadence BanCorp | 556,090 | 5,282,855 |
Central Pacific Financial Corp. | 124,150 | 1,923,084 |
City Holding Co. | 71,310 | 4,562,414 |
Columbia Banking System, Inc. | 316,045 | 8,820,816 |
Community Bank System, Inc. | 230,040 | 13,841,507 |
Customers Bancorp, Inc.(a) | 127,850 | 1,632,645 |
CVB Financial Corp. | 568,474 | 10,351,912 |
Dime Community Bancshares, Inc. | 126,484 | 1,631,644 |
Eagle Bancorp, Inc. | 142,180 | 4,091,940 |
FB Financial Corp. | 135,460 | 3,657,420 |
First BanCorp | 963,359 | 5,520,047 |
First Commonwealth Financial Corp. | 433,352 | 3,553,486 |
First Financial Bancorp | 432,595 | 5,935,203 |
First Hawaiian, Inc. | 573,300 | 9,476,649 |
First Midwest Bancorp, Inc. | 504,352 | 6,284,226 |
Great Western Bancorp, Inc. | 242,930 | 3,384,015 |
Hanmi Financial Corp. | 135,200 | 1,288,456 |
Heritage Financial Corp. | 158,480 | 3,160,091 |
Hope Bancorp, Inc. | 544,002 | 4,602,257 |
Independent Bank Corp. | 145,436 | 9,140,653 |
Independent Bank Group, Inc. | 161,560 | 7,512,540 |
National Bank Holdings Corp., Class A | 134,960 | 3,838,262 |
NBT Bancorp, Inc. | 192,470 | 5,864,561 |
OFG Bancorp | 226,710 | 2,910,956 |
Old National Bancorp | 727,566 | 10,171,373 |
Pacific Premier Bancorp, Inc. | 356,873 | 8,061,761 |
Park National Corp. | 62,610 | 5,629,265 |
Preferred Bank | 59,940 | 2,241,756 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
S&T Bancorp, Inc. | 168,097 | 3,394,719 |
Seacoast Banking Corp. of Florida(a) | 232,760 | 4,711,062 |
ServisFirst Bancshares, Inc. | 204,480 | 7,494,192 |
Simmons First National Corp., Class A | 481,194 | 8,213,982 |
Southside Bancshares, Inc. | 137,025 | 3,775,724 |
Tompkins Financial Corp. | 53,983 | 3,572,595 |
Triumph Bancorp, Inc.(a) | 97,900 | 2,796,024 |
United Community Banks, Inc. | 345,715 | 6,264,356 |
Veritex Holdings, Inc. | 202,441 | 3,639,889 |
Westamerica BanCorp | 118,960 | 7,239,906 |
Total | 242,669,955 | |
Capital Markets 0.9% | ||
Blucora, Inc.(a) | 211,299 | 2,520,797 |
BrightSphere Investment Group, Inc. | 275,270 | 3,815,242 |
Donnelley Financial Solutions, Inc.(a) | 135,556 | 1,477,560 |
Greenhill & Co., Inc. | 64,700 | 725,934 |
Piper Sandler Companies | 64,048 | 4,832,422 |
StoneX Group, Inc.(a) | 72,130 | 4,089,771 |
Virtus Investment Partners, Inc. | 32,027 | 4,544,631 |
Waddell & Reed Financial, Inc., Class A | 289,780 | 4,564,035 |
WisdomTree Investments, Inc. | 524,970 | 1,963,388 |
Total | 28,533,780 | |
Consumer Finance 1.0% | ||
Encore Capital Group, Inc.(a) | 122,755 | 5,639,365 |
Enova International, Inc.(a) | 132,651 | 2,265,679 |
Ezcorp, Inc., Class A(a) | 230,054 | 1,237,690 |
Green Dot Corp., Class A(a) | 215,230 | 11,204,874 |
PRA Group, Inc.(a) | 201,104 | 9,386,529 |
World Acceptance Corp.(a) | 23,210 | 2,111,878 |
Total | 31,846,015 | |
Insurance 3.3% | ||
Ambac Financial Group, Inc.(a) | 202,150 | 2,553,154 |
American Equity Investment Life Holding Co. | 404,170 | 9,663,705 |
AMERISAFE, Inc. | 85,240 | 5,688,065 |
eHealth, Inc.(a) | 113,108 | 7,139,377 |
Employers Holdings, Inc. | 134,126 | 4,369,825 |
HCI Group, Inc. | 27,830 | 1,522,858 |
Horace Mann Educators Corp. | 182,337 | 7,122,083 |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 9 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
James River Group Holdings Ltd. | 134,770 | 6,564,647 |
Kinsale Capital Group, Inc. | 91,400 | 18,940,822 |
Palomar Holdings, Inc.(a) | 78,190 | 8,784,646 |
ProAssurance Corp. | 237,766 | 3,642,575 |
Safety Insurance Group, Inc. | 64,227 | 4,650,035 |
Stewart Information Services Corp. | 104,580 | 4,462,429 |
Third Point Reinsurance Ltd.(a) | 356,130 | 3,048,473 |
Trupanion, Inc.(a) | 131,750 | 8,264,677 |
United Fire Group, Inc. | 93,895 | 2,364,276 |
United Insurance Holdings Corp. | 91,110 | 689,703 |
Universal Insurance Holdings, Inc. | 131,640 | 2,441,922 |
Total | 101,913,272 | |
Mortgage Real Estate Investment Trusts (REITS) 1.1% | ||
Apollo Commercial Real Estate Finance, Inc. | 631,710 | 5,647,488 |
ARMOUR Residential REIT, Inc. | 285,200 | 2,763,588 |
Capstead Mortgage Corp. | 425,665 | 2,626,353 |
Granite Point Mortgage Trust, Inc. | 243,480 | 1,616,707 |
Invesco Mortgage Capital, Inc. | 800,449 | 2,401,347 |
KKR Real Estate Finance Trust, Inc. | 102,890 | 1,872,598 |
New York Mortgage Trust, Inc. | 1,666,830 | 4,400,431 |
PennyMac Mortgage Investment Trust | 440,880 | 7,556,683 |
Ready Capital Corp. | 167,089 | 1,709,321 |
Redwood Trust, Inc. | 507,070 | 3,513,995 |
Total | 34,108,511 | |
Thrifts & Mortgage Finance 1.4% | ||
Axos Financial, Inc.(a) | 229,190 | 5,679,328 |
Flagstar Bancorp, Inc. | 180,370 | 5,667,225 |
HomeStreet, Inc. | 103,310 | 2,827,595 |
Meta Financial Group, Inc. | 140,600 | 2,710,768 |
NMI Holdings, Inc., Class A(a) | 374,220 | 6,417,873 |
Northfield Bancorp, Inc. | 191,550 | 1,850,373 |
Northwest Bancshares, Inc. | 523,906 | 5,296,690 |
Provident Financial Services, Inc. | 309,331 | 4,076,982 |
TrustCo Bank Corp. | 425,835 | 2,537,977 |
Walker & Dunlop, Inc. | 127,550 | 6,987,189 |
Total | 44,052,000 | |
Total Financials | 483,123,533 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care 12.6% | ||
Biotechnology 2.2% | ||
Anika Therapeutics, Inc.(a) | 62,710 | 2,403,674 |
Coherus Biosciences, Inc.(a) | 269,300 | 5,108,621 |
Cytokinetics, Inc.(a) | 294,810 | 7,063,648 |
Eagle Pharmaceuticals, Inc.(a) | 44,720 | 1,774,490 |
Enanta Pharmaceuticals, Inc.(a) | 71,550 | 3,734,194 |
Momenta Pharmaceuticals, Inc.(a) | 519,781 | 27,116,975 |
Myriad Genetics, Inc.(a) | 329,220 | 4,401,671 |
REGENXBIO, Inc.(a) | 139,780 | 4,266,086 |
Spectrum Pharmaceuticals, Inc.(a) | 506,935 | 2,134,196 |
Vanda Pharmaceuticals, Inc.(a) | 239,530 | 2,464,764 |
Xencor, Inc.(a) | 219,000 | 7,829,250 |
Total | 68,297,569 | |
Health Care Equipment & Supplies 3.5% | ||
Angiodynamics, Inc.(a) | 166,460 | 1,558,898 |
Cardiovascular Systems, Inc.(a) | 155,760 | 5,088,679 |
CONMED Corp. | 126,008 | 10,875,751 |
CryoLife, Inc.(a) | 166,650 | 3,369,663 |
Cutera, Inc.(a) | 77,110 | 1,262,291 |
Glaukos Corp.(a) | 175,780 | 8,407,557 |
Heska Corp.(a) | 37,330 | 3,867,388 |
Inogen, Inc.(a) | 80,810 | 2,442,886 |
Integer Holdings Corp.(a) | 144,992 | 10,042,146 |
Invacare Corp. | 151,992 | 1,030,506 |
Lantheus Holdings, Inc.(a) | 291,620 | 3,913,540 |
LeMaitre Vascular, Inc. | 73,070 | 2,358,700 |
Meridian Bioscience, Inc.(a) | 189,140 | 2,674,440 |
Merit Medical Systems, Inc.(a) | 244,568 | 12,008,289 |
Mesa Laboratories, Inc. | 17,860 | 4,392,131 |
Natus Medical, Inc.(a) | 149,260 | 2,710,562 |
Neogen Corp.(a) | 233,645 | 17,803,749 |
OraSure Technologies, Inc.(a) | 314,520 | 3,686,174 |
Orthofix Medical, Inc.(a) | 84,800 | 2,572,832 |
SurModics, Inc.(a) | 60,089 | 2,719,027 |
Tactile Systems Technology, Inc.(a) | 84,930 | 3,263,860 |
Varex Imaging Corp.(a) | 172,660 | 1,914,799 |
Zynex, Inc.(a) | 67,420 | 997,816 |
Total | 108,961,684 |
10 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Providers & Services 3.1% | ||
Addus HomeCare Corp.(a) | 59,770 | 5,598,058 |
AMN Healthcare Services, Inc.(a) | 207,440 | 11,168,570 |
BioTelemetry, Inc.(a) | 150,780 | 5,967,873 |
Community Health Systems, Inc.(a) | 528,420 | 2,731,931 |
Corvel Corp.(a) | 38,878 | 3,227,652 |
Covetrus, Inc.(a) | 430,080 | 9,853,133 |
Cross Country Healthcare, Inc.(a) | 165,421 | 1,057,040 |
Ensign Group, Inc. (The) | 222,788 | 13,042,010 |
Hanger, Inc.(a) | 166,890 | 3,297,746 |
Magellan Health, Inc.(a) | 98,126 | 7,404,588 |
Owens & Minor, Inc. | 278,230 | 4,613,053 |
Pennant Group, Inc. (The)(a) | 115,849 | 4,291,047 |
Providence Service Corp. (The)(a) | 50,530 | 4,678,573 |
RadNet, Inc.(a) | 184,720 | 2,663,662 |
Select Medical Holdings Corp.(a) | 474,490 | 9,523,014 |
Tivity Health, Inc.(a) | 192,697 | 3,152,523 |
U.S. Physical Therapy, Inc. | 56,720 | 5,042,408 |
Total | 97,312,881 | |
Health Care Technology 1.4% | ||
Allscripts Healthcare Solutions, Inc.(a) | 717,800 | 6,409,954 |
Computer Programs & Systems, Inc. | 55,751 | 1,525,347 |
HealthStream, Inc.(a) | 111,629 | 2,312,395 |
HMS Holdings Corp.(a) | 390,420 | 10,888,814 |
NextGen Healthcare, Inc.(a) | 216,013 | 2,864,332 |
Omnicell, Inc.(a) | 188,205 | 12,549,510 |
Simulations Plus, Inc. | 54,140 | 3,225,661 |
Tabula Rasa HealthCare, Inc.(a) | 90,480 | 4,578,288 |
Total | 44,354,301 | |
Life Sciences Tools & Services 1.2% | ||
Luminex Corp. | 188,044 | 5,018,894 |
Medpace Holdings, Inc.(a) | 118,720 | 15,408,669 |
NeoGenomics, Inc.(a) | 484,840 | 18,884,518 |
Total | 39,312,081 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Pharmaceuticals 1.2% | ||
AMAG Pharmaceuticals, Inc.(a) | 151,340 | 1,567,882 |
Amphastar Pharmaceuticals, Inc.(a) | 148,920 | 3,034,990 |
ANI Pharmaceuticals, Inc.(a) | 41,920 | 1,314,611 |
Corcept Therapeutics, Inc.(a) | 455,460 | 5,784,342 |
Endo International PLC(a) | 902,770 | 2,717,338 |
Innoviva, Inc.(a) | 295,290 | 3,457,846 |
Lannett Co., Inc.(a) | 147,890 | 777,901 |
Pacira Pharmaceuticals, Inc.(a) | 186,000 | 11,628,720 |
Phibro Animal Health Corp., Class A | 89,590 | 1,922,601 |
Supernus Pharmaceuticals, Inc.(a) | 232,000 | 5,101,680 |
Total | 37,307,911 | |
Total Health Care | 395,546,427 | |
Industrials 18.0% | ||
Aerospace & Defense 1.5% | ||
AAR Corp. | 145,703 | 2,940,286 |
Aerojet Rocketdyne Holdings, Inc.(a) | 319,027 | 13,198,147 |
Aerovironment, Inc.(a) | 95,359 | 7,284,474 |
Cubic Corp. | 138,207 | 6,506,786 |
Kaman Corp. | 122,071 | 5,645,784 |
Moog, Inc., Class A | 132,484 | 7,987,460 |
National Presto Industries, Inc. | 22,317 | 2,006,968 |
Park Aerospace Corp. | 86,077 | 954,594 |
Triumph Group, Inc. | 228,960 | 1,655,381 |
Total | 48,179,880 | |
Air Freight & Logistics 0.8% | ||
Atlas Air Worldwide Holdings, Inc.(a) | 115,375 | 6,505,996 |
Echo Global Logistics, Inc.(a) | 117,530 | 3,210,919 |
Forward Air Corp. | 123,529 | 7,286,976 |
HUB Group, Inc., Class A(a) | 148,057 | 7,971,389 |
Total | 24,975,280 | |
Airlines 0.6% | ||
Allegiant Travel Co. | 57,942 | 7,451,341 |
Hawaiian Holdings, Inc. | 202,910 | 2,727,110 |
Skywest, Inc. | 221,409 | 7,450,413 |
Total | 17,628,864 |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 11 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Building Products 2.8% | ||
AAON, Inc. | 179,219 | 10,202,938 |
American Woodmark Corp.(a) | 68,760 | 6,016,500 |
Apogee Enterprises, Inc. | 116,230 | 2,432,694 |
Gibraltar Industries, Inc.(a) | 143,117 | 8,936,941 |
Griffon Corp. | 225,195 | 4,893,487 |
Insteel Industries, Inc. | 80,800 | 1,489,952 |
Patrick Industries, Inc. | 97,560 | 5,483,848 |
PGT, Inc.(a) | 260,210 | 4,717,607 |
Quanex Building Products Corp. | 144,844 | 2,434,828 |
Resideo Technologies, Inc.(a) | 543,800 | 7,265,168 |
Simpson Manufacturing Co., Inc. | 174,656 | 17,175,671 |
UFP Industries, Inc. | 269,820 | 16,013,817 |
Total | 87,063,451 | |
Commercial Services & Supplies 1.9% | ||
ABM Industries, Inc. | 294,238 | 11,222,237 |
Brady Corp., Class A | 213,826 | 10,026,301 |
Deluxe Corp. | 184,720 | 5,246,048 |
Harsco Corp.(a) | 348,340 | 4,929,011 |
Interface, Inc. | 258,229 | 1,952,211 |
Matthews International Corp., Class A | 138,080 | 3,023,952 |
Pitney Bowes, Inc. | 762,300 | 4,185,027 |
RR Donnelley & Sons Co. | 314,853 | 415,606 |
Team, Inc.(a) | 135,250 | 861,543 |
Unifirst Corp. | 67,332 | 12,969,490 |
US Ecology, Inc. | 112,680 | 4,183,808 |
Viad Corp. | 90,002 | 1,928,743 |
Total | 60,943,977 | |
Construction & Engineering 0.9% | ||
Aegion Corp.(a) | 135,498 | 2,193,035 |
Arcosa, Inc. | 212,890 | 9,854,678 |
Comfort Systems U.S.A., Inc. | 161,053 | 8,160,556 |
Granite Construction, Inc. | 206,400 | 3,836,976 |
MYR Group, Inc.(a) | 73,680 | 2,859,521 |
Total | 26,904,766 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Electrical Equipment 0.5% | ||
AZZ, Inc. | 115,515 | 4,011,836 |
Encore Wire Corp. | 90,774 | 4,684,846 |
Powell Industries, Inc. | 38,975 | 1,051,935 |
Vicor Corp.(a) | 81,689 | 7,109,394 |
Total | 16,858,011 | |
Industrial Conglomerates 0.1% | ||
Raven Industries, Inc. | 158,240 | 3,932,264 |
Machinery 5.9% | ||
Alamo Group, Inc. | 42,950 | 4,763,155 |
Albany International Corp., Class A | 135,562 | 7,035,668 |
Astec Industries, Inc. | 99,737 | 5,258,135 |
Barnes Group, Inc. | 209,380 | 8,291,448 |
Chart Industries, Inc.(a) | 155,420 | 10,214,203 |
CIRCOR International, Inc.(a) | 88,262 | 2,616,968 |
Enerpac Tool Group Corp. | 234,814 | 4,884,131 |
EnPro Industries, Inc. | 90,593 | 5,301,502 |
ESCO Technologies, Inc. | 114,972 | 10,338,282 |
Federal Signal Corp. | 266,026 | 8,544,755 |
Franklin Electric Co., Inc. | 169,196 | 10,043,475 |
Greenbrier Companies, Inc. (The) | 144,260 | 3,922,429 |
Hillenbrand, Inc. | 329,945 | 10,462,556 |
John Bean Technologies Corp. | 139,838 | 14,334,793 |
Lindsay Corp. | 47,848 | 4,781,451 |
Lydall, Inc.(a) | 78,138 | 1,467,432 |
Meritor, Inc.(a) | 319,090 | 7,262,488 |
Mueller Industries, Inc. | 250,700 | 7,445,790 |
Proto Labs, Inc.(a) | 117,520 | 17,275,440 |
SPX Corp.(a) | 196,770 | 8,230,889 |
SPX FLOW, Inc.(a) | 188,330 | 8,188,588 |
Standex International Corp. | 54,798 | 3,169,516 |
Tennant Co. | 81,440 | 5,413,317 |
Titan International, Inc. | 222,120 | 528,646 |
Wabash National Corp. | 233,380 | 2,849,570 |
Watts Water Technologies, Inc., Class A | 121,385 | 11,622,614 |
Total | 184,247,241 | |
Marine 0.2% | ||
Matson, Inc. | 190,060 | 7,615,704 |
12 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Professional Services 1.2% | ||
Exponent, Inc. | 227,620 | 18,313,167 |
Forrester Research, Inc.(a) | 47,220 | 1,674,421 |
Heidrick & Struggles International, Inc. | 85,112 | 1,840,973 |
Kelly Services, Inc., Class A | 147,149 | 2,794,359 |
Korn/Ferry International | 243,067 | 7,413,543 |
Resources Connection, Inc. | 133,427 | 1,639,818 |
TrueBlue, Inc.(a) | 159,531 | 2,699,265 |
Total | 36,375,546 | |
Road & Rail 0.9% | ||
ArcBest Corp. | 111,555 | 3,772,790 |
Heartland Express, Inc. | 204,766 | 4,235,585 |
Marten Transport Ltd. | 258,004 | 4,685,353 |
Saia, Inc.(a) | 115,130 | 15,450,446 |
Total | 28,144,174 | |
Trading Companies & Distributors 0.7% | ||
Applied Industrial Technologies, Inc. | 170,921 | 10,291,154 |
DXP Enterprises, Inc.(a) | 71,210 | 1,370,080 |
Foundation Building Materials, Inc.(a) | 78,220 | 1,269,511 |
GMS, Inc.(a) | 186,880 | 4,950,451 |
NOW, Inc.(a) | 482,690 | 3,509,156 |
Veritiv Corp.(a) | 55,350 | 961,983 |
Total | 22,352,335 | |
Total Industrials | 565,221,493 | |
Information Technology 13.3% | ||
Communications Equipment 1.0% | ||
ADTRAN, Inc. | 211,780 | 2,348,640 |
Applied Optoelectronics, Inc.(a) | 85,330 | 992,388 |
CalAmp Corp.(a) | 151,735 | 1,239,675 |
Comtech Telecommunications Corp. | 109,217 | 1,813,002 |
Digi International, Inc.(a) | 127,857 | 1,741,412 |
Extreme Networks, Inc.(a) | 530,830 | 2,319,727 |
Harmonic, Inc.(a) | 426,486 | 2,516,268 |
NETGEAR, Inc.(a) | 130,485 | 4,351,675 |
Plantronics, Inc. | 147,320 | 1,820,875 |
Viavi Solutions, Inc.(a) | 1,006,700 | 13,424,345 |
Total | 32,568,007 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Electronic Equipment, Instruments & Components 3.6% | ||
Arlo Technologies, Inc.(a) | 344,557 | 1,974,312 |
Badger Meter, Inc. | 128,576 | 7,931,853 |
Bel Fuse, Inc., Class B | 44,690 | 537,174 |
Benchmark Electronics, Inc. | 160,811 | 3,153,504 |
CTS Corp. | 142,457 | 2,977,351 |
Daktronics, Inc. | 165,213 | 730,241 |
ePlus, Inc.(a) | 59,610 | 4,573,279 |
Fabrinet(a) | 162,160 | 11,315,525 |
FARO Technologies, Inc.(a) | 78,246 | 4,420,899 |
Insight Enterprises, Inc.(a) | 155,724 | 9,313,074 |
Itron, Inc.(a) | 157,840 | 9,402,529 |
Knowles Corp.(a) | 379,910 | 5,721,445 |
Methode Electronics, Inc. | 163,791 | 4,636,923 |
MTS Systems Corp. | 79,001 | 1,927,624 |
OSI Systems, Inc.(a) | 73,967 | 5,824,901 |
PC Connection, Inc. | 48,420 | 2,144,522 |
Plexus Corp.(a) | 128,884 | 9,804,206 |
Rogers Corp.(a) | 82,406 | 9,337,424 |
Sanmina Corp.(a) | 301,200 | 8,523,960 |
Scansource, Inc.(a) | 111,925 | 2,763,428 |
TTM Technologies, Inc.(a) | 436,313 | 5,000,147 |
Total | 112,014,321 | |
IT Services 2.2% | ||
Cardtronics PLC, Class A(a) | 159,038 | 3,452,715 |
CSG Systems International, Inc. | 146,017 | 6,215,944 |
EVERTEC, Inc. | 263,400 | 9,224,268 |
ExlService Holdings, Inc.(a) | 151,530 | 9,650,946 |
Mantech International Corp., Class A | 119,550 | 8,948,317 |
NIC, Inc. | 295,725 | 6,322,600 |
Perficient, Inc.(a) | 146,083 | 6,268,421 |
Sykes Enterprises, Inc.(a) | 166,343 | 5,506,785 |
TTEC Holdings, Inc. | 78,195 | 4,432,875 |
Unisys Corp.(a) | 230,800 | 2,691,128 |
Virtusa Corp.(a) | 133,068 | 5,261,509 |
Total | 67,975,508 |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 13 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Semiconductors & Semiconductor Equipment 3.7% | ||
Advanced Energy Industries, Inc.(a) | 168,973 | 12,524,279 |
Axcelis Technologies, Inc.(a) | 145,170 | 3,430,367 |
Brooks Automation, Inc. | 325,709 | 16,816,356 |
Ceva, Inc.(a) | 97,165 | 4,105,221 |
Cohu, Inc. | 184,156 | 3,167,483 |
Diodes, Inc.(a) | 184,157 | 8,997,911 |
DSP Group, Inc.(a) | 102,483 | 1,469,606 |
Formfactor, Inc.(a) | 336,320 | 8,788,042 |
Ichor Holdings Ltd.(a) | 100,720 | 2,534,115 |
Kulicke & Soffa Industries, Inc. | 275,675 | 6,610,686 |
MaxLinear, Inc., Class A(a) | 290,760 | 7,080,006 |
Onto Innovation, Inc.(a) | 210,109 | 6,563,805 |
PDF Solutions, Inc.(a) | 124,490 | 2,576,943 |
Photronics, Inc.(a) | 287,560 | 2,884,227 |
Power Integrations, Inc. | 263,538 | 14,750,222 |
Rambus, Inc.(a) | 500,210 | 6,717,820 |
SMART Global Holdings, Inc.(a) | 60,390 | 1,521,828 |
Ultra Clean Holdings, Inc.(a) | 176,190 | 4,320,179 |
Veeco Instruments, Inc.(a) | 218,264 | 2,595,159 |
Total | 117,454,255 | |
Software 2.6% | ||
8x8, Inc.(a) | 457,670 | 7,725,469 |
Agilysys, Inc.(a) | 88,864 | 2,254,480 |
Alarm.com Holdings, Inc.(a) | 187,310 | 11,214,250 |
Bottomline Technologies de, Inc.(a) | 167,582 | 7,981,931 |
Ebix, Inc. | 98,338 | 2,268,658 |
LivePerson, Inc.(a) | 271,862 | 16,219,287 |
MicroStrategy, Inc., Class A(a) | 34,129 | 4,929,593 |
OneSpan, Inc.(a) | 144,193 | 3,107,359 |
Progress Software Corp. | 197,773 | 7,493,619 |
SPS Commerce, Inc.(a) | 154,240 | 12,320,691 |
Xperi Holding Corp. | 507,869 | 6,363,598 |
Total | 81,878,935 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Technology Hardware, Storage & Peripherals 0.2% | ||
3D Systems Corp.(a) | 524,950 | 2,881,975 |
Diebold, Inc.(a) | 342,190 | 2,853,865 |
Total | 5,735,840 | |
Total Information Technology | 417,626,866 | |
Materials 5.1% | ||
Chemicals 2.8% | ||
AdvanSix, Inc.(a) | 123,660 | 1,574,192 |
American Vanguard Corp. | 117,211 | 1,658,536 |
Balchem Corp. | 142,712 | 13,942,962 |
Ferro Corp.(a) | 363,170 | 4,528,730 |
FutureFuel Corp. | 113,970 | 1,379,037 |
GCP Applied Technologies(a) | 238,290 | 6,209,837 |
Hawkins, Inc. | 41,627 | 2,090,508 |
HB Fuller Co. | 227,023 | 10,935,698 |
Innospec, Inc. | 108,460 | 8,100,877 |
Koppers Holdings, Inc.(a) | 92,652 | 2,229,207 |
Kraton Performance Polymers, Inc.(a) | 140,665 | 1,974,937 |
Livent Corp.(a) | 645,550 | 5,474,264 |
Quaker Chemical Corp. | 57,243 | 10,876,170 |
Rayonier Advanced Materials, Inc.(a) | 220,650 | 697,254 |
Stepan Co. | 88,319 | 10,182,298 |
Tredegar Corp. | 109,508 | 1,853,970 |
Trinseo SA | 168,860 | 4,206,303 |
Total | 87,914,780 | |
Construction Materials 0.1% | ||
U.S. Concrete, Inc.(a) | 69,940 | 1,866,698 |
Containers & Packaging 0.1% | ||
Myers Industries, Inc. | 157,949 | 2,416,620 |
Metals & Mining 1.4% | ||
Arconic Corp.(a) | 423,780 | 9,429,105 |
Carpenter Technology Corp. | 211,100 | 4,439,433 |
Century Aluminum Co.(a) | 221,224 | 2,183,481 |
Cleveland-Cliffs, Inc. | 1,760,210 | 11,582,182 |
Haynes International, Inc. | 55,454 | 1,039,208 |
Kaiser Aluminum Corp. | 69,729 | 4,482,180 |
Materion Corp. | 89,689 | 4,896,123 |
Olympic Steel, Inc. | 40,264 | 442,904 |
14 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
SunCoke Energy, Inc. | 365,457 | 1,308,336 |
TimkenSteel Corp.(a) | 176,720 | 666,234 |
Warrior Met Coal, Inc. | 225,950 | 3,495,446 |
Total | 43,964,632 | |
Paper & Forest Products 0.7% | ||
Boise Cascade Co. | 173,090 | 7,927,522 |
Clearwater Paper Corp.(a) | 73,171 | 2,462,936 |
Mercer International, Inc. | 177,240 | 1,485,271 |
Neenah, Inc. | 74,145 | 3,283,141 |
PH Glatfelter Co. | 195,679 | 2,933,228 |
Schweitzer-Mauduit International, Inc. | 137,757 | 4,178,170 |
Total | 22,270,268 | |
Total Materials | 158,432,998 | |
Real Estate 7.9% | ||
Equity Real Estate Investment Trusts (REITS) 7.5% | ||
Acadia Realty Trust | 380,162 | 4,311,037 |
Agree Realty Corp. | 237,795 | 15,913,241 |
Alexander & Baldwin, Inc. | 300,140 | 3,634,695 |
American Assets Trust, Inc. | 212,200 | 5,421,710 |
Armada Hoffler Properties, Inc. | 249,460 | 2,519,546 |
Brandywine Realty Trust | 752,890 | 8,379,666 |
CareTrust REIT, Inc. | 422,646 | 8,186,653 |
Chatham Lodging Trust | 207,380 | 1,435,070 |
Community Healthcare Trust, Inc. | 90,930 | 4,246,431 |
CoreCivic, Inc. | 528,260 | 4,918,101 |
DiamondRock Hospitality Co. | 879,828 | 4,663,088 |
Diversified Healthcare Trust | 1,050,510 | 3,991,938 |
Easterly Government Properties, Inc. | 331,710 | 8,024,065 |
Essential Properties Realty Trust, Inc. | 406,230 | 6,893,723 |
Four Corners Property Trust, Inc. | 310,544 | 7,841,236 |
Franklin Street Properties Corp. | 473,685 | 2,098,425 |
Getty Realty Corp. | 151,706 | 4,443,469 |
Global Net Lease, Inc. | 395,060 | 6,913,550 |
Hersha Hospitality Trust | 158,990 | 1,022,306 |
Independence Realty Trust, Inc. | 418,220 | 4,897,356 |
Industrial Logistics Properties Trust | 287,850 | 6,208,924 |
Innovative Industrial Properties, Inc. | 94,040 | 11,575,384 |
Investors Real Estate Trust | 53,720 | 3,819,492 |
iStar, Inc. | 320,900 | 3,972,742 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Kite Realty Group Trust | 371,450 | 4,175,098 |
Lexington Realty Trust | 1,219,909 | 13,870,365 |
LTC Properties, Inc. | 173,181 | 6,319,375 |
National Storage Affiliates Trust | 273,830 | 9,395,107 |
NexPoint Residential Trust, Inc. | 96,570 | 3,997,998 |
Office Properties Income Trust | 212,845 | 5,074,225 |
Pennsylvania Real Estate Investment Trust | 268,194 | 295,013 |
Retail Opportunity Investments Corp. | 513,810 | 5,718,705 |
Retail Properties of America, Inc., Class A | 945,530 | 5,966,294 |
RPT Realty | 355,860 | 2,085,340 |
Safehold, Inc. | 58,590 | 3,249,987 |
Saul Centers, Inc. | 52,252 | 1,464,101 |
SITE Centers Corp. | 656,750 | 4,932,192 |
Summit Hotel Properties, Inc. | 466,330 | 2,746,684 |
Tanger Factory Outlet Centers, Inc. | 412,730 | 2,348,434 |
Uniti Group, Inc. | 857,190 | 8,417,606 |
Universal Health Realty Income Trust | 55,896 | 3,729,381 |
Urstadt Biddle Properties, Inc., Class A | 132,446 | 1,231,748 |
Washington Prime Group, Inc. | 827,360 | 562,605 |
Washington Real Estate Investment Trust | 363,500 | 7,975,190 |
Whitestone REIT | 186,070 | 1,196,430 |
Xenia Hotels & Resorts, Inc. | 501,010 | 4,499,070 |
Total | 234,582,796 | |
Real Estate Management & Development 0.4% | ||
Marcus & Millichap, Inc.(a) | 104,060 | 2,935,533 |
RE/MAX Holdings, Inc., Class A | 80,030 | 2,812,254 |
Realogy Holdings Corp.(a) | 509,470 | 5,644,928 |
St. Joe Co. (The)(a) | 137,850 | 3,199,498 |
Total | 14,592,213 | |
Total Real Estate | 249,175,009 | |
Utilities 1.6% | ||
Gas Utilities 0.5% | ||
Northwest Natural Holding Co. | 134,815 | 6,890,395 |
South Jersey Industries, Inc. | 408,296 | 9,043,756 |
Total | 15,934,151 | |
Multi-Utilities 0.4% | ||
Avista Corp. | 297,154 | 10,953,097 |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 15 |
August 31, 2020 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Water Utilities 0.7% | ||
American States Water Co. | 162,874 | 12,391,454 |
California Water Service Group | 215,110 | 9,753,087 |
Total | 22,144,541 | |
Total Utilities | 49,031,789 | |
Total Common Stocks (Cost $2,437,302,413) | 3,072,412,981 | |
Exchange-Traded Equity Funds 1.1% | ||
Shares | Value ($) | |
U.S. Small Cap 1.1% | ||
iShares Core S&P Small-Cap ETF | 447,875 | 33,129,313 |
Total Exchange-Traded Equity Funds (Cost $30,910,919) | 33,129,313 | |
Money Market Funds 0.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.149%(b),(c) | 17,393,446 | 17,393,446 |
Total Money Market Funds (Cost $17,393,314) | 17,393,446 | |
Total Investments in Securities (Cost: $2,485,606,646) | 3,122,935,740 | |
Other Assets & Liabilities, Net | 14,646,748 | |
Net Assets | 3,137,582,488 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
Russell 2000 Index E-mini | 466 | 09/2020 | USD | 36,378,290 | 2,123,391 | — |
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at August 31, 2020. |
(c) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended August 31, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.149% | ||||||||
4,270,988 | 344,288,689 | (331,165,936) | (295) | 17,393,446 | 10,647 | 56,181 | 17,393,446 |
USD | US Dollar |
16 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset’s or liability’s fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 79,312,674 | — | — | 79,312,674 |
Consumer Discretionary | 472,594,332 | — | — | 472,594,332 |
Consumer Staples | 113,232,394 | — | — | 113,232,394 |
Energy | 89,115,466 | — | — | 89,115,466 |
Financials | 483,123,533 | — | — | 483,123,533 |
Health Care | 395,546,427 | — | — | 395,546,427 |
Industrials | 565,221,493 | — | — | 565,221,493 |
Information Technology | 417,626,866 | — | — | 417,626,866 |
Materials | 158,432,998 | — | — | 158,432,998 |
Real Estate | 249,175,009 | — | — | 249,175,009 |
Utilities | 49,031,789 | — | — | 49,031,789 |
Total Common Stocks | 3,072,412,981 | — | — | 3,072,412,981 |
Exchange-Traded Equity Funds | 33,129,313 | — | — | 33,129,313 |
Money Market Funds | 17,393,446 | — | — | 17,393,446 |
Total Investments in Securities | 3,122,935,740 | — | — | 3,122,935,740 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 2,123,391 | — | — | 2,123,391 |
Total | 3,125,059,131 | — | — | 3,125,059,131 |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 17 |
August 31, 2020 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $2,468,213,332) | $3,105,542,294 |
Affiliated issuers (cost $17,393,314) | 17,393,446 |
Margin deposits on: | |
Futures contracts | 1,589,200 |
Receivable for: | |
Investments sold | 33,242,732 |
Capital shares sold | 1,655,674 |
Dividends | 2,236,699 |
Expense reimbursement due from Investment Manager | 112 |
Total assets | 3,161,660,157 |
Liabilities | |
Payable for: | |
Investments purchased | 17,803,250 |
Capital shares purchased | 5,770,912 |
Variation margin for futures contracts | 198,376 |
Management services fees | 52,255 |
Distribution and/or service fees | 19,681 |
Compensation of board members | 233,195 |
Total liabilities | 24,077,669 |
Net assets applicable to outstanding capital stock | $3,137,582,488 |
Represented by | |
Paid in capital | 2,534,093,806 |
Total distributable earnings (loss) | 603,488,682 |
Total - representing net assets applicable to outstanding capital stock | $3,137,582,488 |
Class A | |
Net assets | $944,565,560 |
Shares outstanding | 46,054,804 |
Net asset value per share | $20.51 |
Institutional Class | |
Net assets | $1,478,939,705 |
Shares outstanding | 71,533,450 |
Net asset value per share | $20.67 |
Institutional 2 Class | |
Net assets | $638,313,929 |
Shares outstanding | 30,108,629 |
Net asset value per share | $21.20 |
Institutional 3 Class | |
Net assets | $75,763,294 |
Shares outstanding | 3,769,815 |
Net asset value per share | $20.10 |
18 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
Six Months Ended August 31, 2020 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $24,931,979 |
Dividends — affiliated issuers | 56,181 |
Foreign taxes withheld | (35,693) |
Total income | 24,952,467 |
Expenses: | |
Management services fees | 2,950,943 |
Distribution and/or service fees | |
Class A | 1,118,639 |
Compensation of board members | 23,531 |
Interest on interfund lending | 221 |
Total expenses | 4,093,334 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (15,446) |
Total net expenses | 4,077,888 |
Net investment income | 20,874,579 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (25,531,522) |
Investments — affiliated issuers | 10,647 |
Futures contracts | 2,735,716 |
Net realized loss | (22,785,159) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 52,701,475 |
Investments — affiliated issuers | (295) |
Futures contracts | 2,210,206 |
Net change in unrealized appreciation (depreciation) | 54,911,386 |
Net realized and unrealized gain | 32,126,227 |
Net increase in net assets resulting from operations | $53,000,806 |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 19 |
Six Months Ended August 31, 2020 (Unaudited) | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $20,874,579 | $48,303,289 |
Net realized gain (loss) | (22,785,159) | 192,749,215 |
Net change in unrealized appreciation (depreciation) | 54,911,386 | (533,098,325) |
Net increase (decrease) in net assets resulting from operations | 53,000,806 | (292,045,821) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (12,794,661) | (79,317,130) |
Institutional Class | (20,532,382) | (119,535,076) |
Institutional 2 Class | (8,359,731) | (47,099,472) |
Institutional 3 Class | (1,162,583) | (5,489,399) |
Total distributions to shareholders | (42,849,357) | (251,441,077) |
Decrease in net assets from capital stock activity | (229,622,397) | (386,733,006) |
Total decrease in net assets | (219,470,948) | (930,219,904) |
Net assets at beginning of period | 3,357,053,436 | 4,287,273,340 |
Net assets at end of period | $3,137,582,488 | $3,357,053,436 |
20 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
Six Months Ended | Year Ended | |||
August 31, 2020 (Unaudited) | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 5,266,725 | 91,493,108 | 9,413,627 | 215,248,040 |
Distributions reinvested | 586,031 | 10,929,471 | 3,011,038 | 68,514,539 |
Redemptions | (10,608,957) | (189,729,324) | (22,806,332) | (519,492,529) |
Net decrease | (4,756,201) | (87,306,745) | (10,381,667) | (235,729,950) |
Institutional Class | ||||
Subscriptions | 8,681,441 | 150,663,257 | 14,677,533 | 337,285,084 |
Distributions reinvested | 849,505 | 15,962,209 | 3,895,130 | 89,337,745 |
Redemptions | (16,350,113) | (292,201,833) | (25,782,422) | (591,445,484) |
Net decrease | (6,819,167) | (125,576,367) | (7,209,759) | (164,822,655) |
Institutional 2 Class | ||||
Subscriptions | 7,041,546 | 128,311,813 | 11,503,124 | 270,539,248 |
Distributions reinvested | 376,744 | 7,259,863 | 1,759,413 | 41,351,061 |
Redemptions | (7,717,830) | (145,166,888) | (13,735,398) | (322,112,787) |
Net decrease | (299,540) | (9,595,212) | (472,861) | (10,222,478) |
Institutional 3 Class | ||||
Subscriptions | 482,560 | 8,139,825 | 1,205,971 | 27,098,539 |
Distributions reinvested | 63,086 | 1,151,943 | 241,971 | 5,407,744 |
Redemptions | (918,715) | (16,435,841) | (378,673) | (8,464,206) |
Net increase (decrease) | (373,069) | (7,144,073) | 1,069,269 | 24,042,077 |
Total net decrease | (12,247,977) | (229,622,397) | (16,995,018) | (386,733,006) |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 21 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $20.32 | 0.11 | 0.35 | 0.46 | (0.01) | (0.26) | (0.27) |
Year Ended 2/29/2020 | $23.54 | 0.24 | (2.00) | (1.76) | (0.26) | (1.20) | (1.46) |
Year Ended 2/28/2019 | $24.33 | 0.23 | 1.32 | 1.55 | (0.23) | (2.11) | (2.34) |
Year Ended 2/28/2018 | $23.83 | 0.21 | 2.11 | 2.32 | (0.22) | (1.60) | (1.82) |
Year Ended 2/28/2017 | $19.05 | 0.19 | 6.28 | 6.47 | (0.19) | (1.50) | (1.69) |
Year Ended 2/29/2016 | $23.29 | 0.22 | (2.25) | (2.03) | (0.22) | (1.99) | (2.21) |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $20.47 | 0.14 | 0.34 | 0.48 | (0.02) | (0.26) | (0.28) |
Year Ended 2/29/2020 | $23.69 | 0.30 | (2.02) | (1.72) | (0.30) | (1.20) | (1.50) |
Year Ended 2/28/2019 | $24.47 | 0.29 | 1.33 | 1.62 | (0.29) | (2.11) | (2.40) |
Year Ended 2/28/2018 | $23.96 | 0.27 | 2.12 | 2.39 | (0.28) | (1.60) | (1.88) |
Year Ended 2/28/2017 | $19.14 | 0.24 | 6.32 | 6.56 | (0.24) | (1.50) | (1.74) |
Year Ended 2/29/2016 | $23.39 | 0.27 | (2.25) | (1.98) | (0.28) | (1.99) | (2.27) |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $20.98 | 0.14 | 0.36 | 0.50 | (0.02) | (0.26) | (0.28) |
Year Ended 2/29/2020 | $24.25 | 0.30 | (2.07) | (1.77) | (0.30) | (1.20) | (1.50) |
Year Ended 2/28/2019 | $24.99 | 0.30 | 1.36 | 1.66 | (0.29) | (2.11) | (2.40) |
Year Ended 2/28/2018 | $24.43 | 0.28 | 2.16 | 2.44 | (0.28) | (1.60) | (1.88) |
Year Ended 2/28/2017 | $19.49 | 0.25 | 6.43 | 6.68 | (0.24) | (1.50) | (1.74) |
Year Ended 2/29/2016 | $23.78 | 0.28 | (2.30) | (2.02) | (0.28) | (1.99) | (2.27) |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $19.91 | 0.13 | 0.34 | 0.47 | (0.02) | (0.26) | (0.28) |
Year Ended 2/29/2020 | $23.08 | 0.29 | (1.96) | (1.67) | (0.30) | (1.20) | (1.50) |
Year Ended 2/28/2019 | $23.90 | 0.29 | 1.29 | 1.58 | (0.29) | (2.11) | (2.40) |
Year Ended 2/28/2018(f) | $23.87 | 0.24 | 1.67 | 1.91 | (0.28) | (1.60) | (1.88) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | Ratios include interfund lending expense which is less than 0.01%. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
22 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
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 8/31/2020 (Unaudited) | $20.51 | 2.37% | 0.45%(c),(d) | 0.45%(c),(d) | 1.24%(c) | 9% | $944,566 |
Year Ended 2/29/2020 | $20.32 | (8.08%) | 0.45%(d) | 0.45%(d),(e) | 1.04% | 17% | $1,032,677 |
Year Ended 2/28/2019 | $23.54 | 6.70% | 0.45% | 0.45%(e) | 0.89% | 22% | $1,440,665 |
Year Ended 2/28/2018 | $24.33 | 9.86% | 0.45% | 0.45%(e) | 0.88% | 16% | $1,488,143 |
Year Ended 2/28/2017 | $23.83 | 34.40% | 0.45% | 0.45%(e) | 0.85% | 18% | $1,638,983 |
Year Ended 2/29/2016 | $19.05 | (9.67%) | 0.45% | 0.45%(e) | 0.99% | 19% | $1,131,160 |
Institutional Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $20.67 | 2.46% | 0.20%(c),(d) | 0.20%(c),(d) | 1.49%(c) | 9% | $1,478,940 |
Year Ended 2/29/2020 | $20.47 | (7.85%) | 0.20%(d) | 0.20%(d),(e) | 1.29% | 17% | $1,603,859 |
Year Ended 2/28/2019 | $23.69 | 6.99% | 0.20% | 0.20%(e) | 1.14% | 22% | $2,026,925 |
Year Ended 2/28/2018 | $24.47 | 10.11% | 0.20% | 0.20%(e) | 1.12% | 16% | $1,866,835 |
Year Ended 2/28/2017 | $23.96 | 34.74% | 0.20% | 0.20%(e) | 1.10% | 18% | $1,665,820 |
Year Ended 2/29/2016 | $19.14 | (9.44%) | 0.20% | 0.20%(e) | 1.22% | 19% | $1,326,728 |
Institutional 2 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $21.20 | 2.49% | 0.20%(c),(d) | 0.20%(c),(d) | 1.48%(c) | 9% | $638,314 |
Year Ended 2/29/2020 | $20.98 | (7.87%) | 0.20%(d) | 0.20%(d) | 1.29% | 17% | $638,046 |
Year Ended 2/28/2019 | $24.25 | 7.01% | 0.20% | 0.20% | 1.14% | 22% | $748,749 |
Year Ended 2/28/2018 | $24.99 | 10.12% | 0.20% | 0.20% | 1.12% | 16% | $584,472 |
Year Ended 2/28/2017 | $24.43 | 34.73% | 0.20% | 0.20% | 1.10% | 18% | $437,779 |
Year Ended 2/29/2016 | $19.49 | (9.46%) | 0.20% | 0.20% | 1.24% | 19% | $208,441 |
Institutional 3 Class | |||||||
Six Months Ended 8/31/2020 (Unaudited) | $20.10 | 2.48% | 0.20%(c),(d) | 0.20%(c),(d) | 1.49%(c) | 9% | $75,763 |
Year Ended 2/29/2020 | $19.91 | (7.84%) | 0.20%(d) | 0.20%(d) | 1.30% | 17% | $82,471 |
Year Ended 2/28/2019 | $23.08 | 6.99% | 0.20% | 0.20% | 1.16% | 22% | $70,934 |
Year Ended 2/28/2018(f) | $23.90 | 8.14% | 0.21% | 0.20% | 1.01% | 16% | $4,327 |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 23 |
August 31, 2020 (Unaudited)
24 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Small Cap Index Fund | Semiannual Report 2020 | 25 |
August 31, 2020 (Unaudited)
26 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 2,123,391* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 2,735,716 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 2,210,206 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 26,545,945 |
* | Based on the ending quarterly outstanding amounts for the six months ended August 31, 2020. |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 27 |
August 31, 2020 (Unaudited)
28 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Small Cap Index Fund | Semiannual Report 2020 | 29 |
August 31, 2020 (Unaudited)
Fee rate(s) contractual through June 30, 2021 | |
Class A | 0.45% |
Institutional Class | 0.20 |
Institutional 2 Class | 0.20 |
Institutional 3 Class | 0.20 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
2,485,607,000 | 1,156,838,000 | (517,386,000) | 639,452,000 |
30 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 2,500,000 | 1.53 | 2 |
Columbia Small Cap Index Fund | Semiannual Report 2020 | 31 |
August 31, 2020 (Unaudited)
32 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
August 31, 2020 (Unaudited)
Columbia Small Cap Index Fund | Semiannual Report 2020 | 33 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
34 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
Nature, extent and quality of services provided by Columbia Threadneedle
Columbia Small Cap Index Fund | Semiannual Report 2020 | 35 |
The Board considered the reports of its independent fee consultant, JDL Consultants, LLC (JDL), which assisted in the Board’s analysis of the Funds’ performance and expenses, the reasonableness of the Funds’ fee rates, and JDL’s conclusion that the management fees being charged to the Fund are reasonable. The Board accorded particular weight to the notion that the 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 defined exceptions) are generally in line with the "pricing philosophy" currently in effect (i.e., 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 below the peer universe’s median expense ratio shown in the reports. Based on its review, the Board concluded that the Fund’s management fee was fair and reasonable in light of the extent and quality of services that the Fund receives.
36 | Columbia Small Cap Index Fund | Semiannual Report 2020 |
Like the Advisory Agreement, the Administrative Services Agreement will terminate with respect to the Fund once the Management Agreement is effective for the Fund.
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.
(a)(3) Not applicable.
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 |
| |
By (Signature and Title) | /s/ Christopher O. Petersen | |||
|
|
| Christopher O. Petersen, President and Principal Executive Officer | |
Date |
| October 23, 2020 |
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/ Christopher O. Petersen | ||
|
| Christopher O. Petersen, President and Principal Executive Officer | |
Date |
| October 23, 2020 |
|
By (Signature and Title) | /s/ Michael G. Clarke | ||
|
| Michael G. Clarke, Chief Financial Officer, Principal Financial Officer | |
|
| and Senior Vice President | |
Date |
| October 23, 2020 |
|
By (Signature and Title) | /s/ Joseph Beranek | ||
|
| Joseph Beranek, Treasurer, Chief Accounting Officer and Principal | |
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| Financial Officer | |
Date |
| October 23, 2020 |
|