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: March 31
Date of reporting period: September 30, 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.
September 30, 2020
(Unaudited)
Average annual total returns (%) (for the period ended September 30, 2020) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 10/02/92 | 8.28 | 2.70 | 1.81 | 1.41 |
Including sales charges | 7.25 | 1.68 | 1.61 | 1.31 | ||
Advisor Class* | 11/08/12 | 8.43 | 2.95 | 2.06 | 1.67 | |
Class C | Excluding sales charges | 10/02/92 | 7.98 | 2.09 | 1.20 | 0.92 |
Including sales charges | 6.98 | 1.09 | 1.20 | 0.92 | ||
Institutional Class | 09/30/92 | 8.43 | 2.95 | 2.06 | 1.67 | |
Institutional 2 Class* | 11/08/12 | 8.37 | 2.94 | 2.14 | 1.73 | |
Institutional 3 Class | 07/15/09 | 8.39 | 3.09 | 2.19 | 1.79 | |
Class R | 09/27/10 | 8.15 | 2.34 | 1.53 | 1.15 | |
Bloomberg Barclays 1-3 Year Government/Credit Index | 1.41 | 3.73 | 2.09 | 1.57 |
* | 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 Short Term Bond Fund | Semiannual Report 2020 | 3 |
(Unaudited)
Portfolio breakdown (%) (at September 30, 2020) | |
Asset-Backed Securities — Non-Agency | 23.9 |
Commercial Mortgage-Backed Securities - Non-Agency | 9.0 |
Corporate Bonds & Notes | 32.6 |
Foreign Government Obligations | 0.1 |
Money Market Funds | 2.4 |
Residential Mortgage-Backed Securities - Agency | 8.8 |
Residential Mortgage-Backed Securities - Non-Agency | 22.3 |
U.S. Treasury Obligations | 0.9 |
Total | 100.0 |
Quality breakdown (%) (at September 30, 2020) | |
AAA rating | 22.4 |
AA rating | 13.5 |
A rating | 23.0 |
BBB rating | 23.9 |
BB rating | 3.7 |
B rating | 2.4 |
CCC rating | 0.2 |
D rating | 0.0(a) |
Not rated | 10.9 |
Total | 100.0 |
(a) | Rounds to zero. |
4 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
(Unaudited)
April 1, 2020 — September 30, 2020 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,082.80 | 1,021.21 | 4.02 | 3.90 | 0.77 |
Advisor Class | 1,000.00 | 1,000.00 | 1,084.30 | 1,022.46 | 2.72 | 2.64 | 0.52 |
Class C | 1,000.00 | 1,000.00 | 1,079.80 | 1,018.25 | 7.09 | 6.88 | 1.36 |
Institutional Class | 1,000.00 | 1,000.00 | 1,084.30 | 1,022.46 | 2.72 | 2.64 | 0.52 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,083.70 | 1,022.86 | 2.30 | 2.23 | 0.44 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,083.90 | 1,023.11 | 2.04 | 1.98 | 0.39 |
Class R | 1,000.00 | 1,000.00 | 1,081.50 | 1,019.95 | 5.32 | 5.16 | 1.02 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 5 |
September 30, 2020 (Unaudited)
Asset-Backed Securities — Non-Agency 26.2% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
American Credit Acceptance Receivables Trust(a) | ||||
Series 2020-1 Class D | ||||
03/13/2026 | 2.390% | 8,675,000 | 8,750,753 | |
Series 2020-2 Class D | ||||
05/13/2026 | 5.650% | 2,000,000 | 2,196,761 | |
Subordinated Series 2020-3 Class C | ||||
06/15/2026 | 1.850% | 9,850,000 | 9,901,678 | |
ARES XLVII CLO Ltd.(a),(b) | ||||
Series 2018-47A Class B | ||||
3-month USD LIBOR + 1.450% Floor 1.450% 04/15/2030 | 1.725% | 4,000,000 | 3,907,500 | |
Ascentium Equipment Receivables(a) | ||||
Series 2019-2A Class D | ||||
11/10/2026 | 2.850% | 3,250,000 | 3,217,758 | |
Avant Loans Funding Trust(a) | ||||
Series 2019-A Class A | ||||
07/15/2022 | 3.480% | 261,389 | 261,473 | |
Series 2019-A Class B | ||||
12/15/2022 | 3.800% | 3,925,000 | 3,938,558 | |
Series 2019-B Class B | ||||
10/15/2026 | 3.150% | 2,750,000 | 2,761,280 | |
Series 2020-REV1 Class A | ||||
05/15/2029 | 2.170% | 10,000,000 | 9,878,957 | |
Series 2020-REV1 Class B | ||||
05/15/2029 | 2.680% | 1,600,000 | 1,531,469 | |
Avis Budget Rental Car Funding AESOP LLC(a) | ||||
Series 2018-2A Class A | ||||
03/20/2025 | 4.000% | 9,725,000 | 10,290,330 | |
Barings CLO Ltd.(a),(b) | ||||
Series 2018-4A Class B | ||||
3-month USD LIBOR + 1.700% Floor 1.700% 10/15/2030 | 1.975% | 10,800,000 | 10,734,325 | |
Carbone CLO Ltd.(a),(b) | ||||
Series 2017-1A Class A1 | ||||
3-month USD LIBOR + 1.140% 01/20/2031 | 1.412% | 8,550,000 | 8,425,597 | |
Carlyle Global Market Strategies CLO Ltd.(a),(b) | ||||
Series 2013-4A Class BRR | ||||
3-month USD LIBOR + 1.420% Floor 1.420% 01/15/2031 | 1.695% | 5,000,000 | 4,840,700 | |
Carlyle US CLO Ltd.(a),(b) | ||||
Series 2016-4A Class A2R | ||||
3-month USD LIBOR + 1.450% Floor 1.450% 10/20/2027 | 1.722% | 8,000,000 | 7,877,632 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2017-5A Class A1B | ||||
3-month USD LIBOR + 1.250% 01/20/2030 | 1.522% | 8,000,000 | 7,729,640 | |
CarMax Auto Owner Trust | ||||
Subordinated Series 2020-2 Class B | ||||
08/15/2025 | 2.900% | 2,000,000 | 2,098,664 | |
Carvana Auto Receivables Trust(a) | ||||
Subordinated Series 2019-3A Class C | ||||
10/15/2024 | 2.710% | 2,950,000 | 2,995,057 | |
Conn’s Receivables Funding LLC(a) | ||||
Series 2018-A Class A | ||||
01/15/2023 | 3.250% | 34,401 | 34,346 | |
Series 2019-A Class A | ||||
10/16/2023 | 3.400% | 468,037 | 465,361 | |
Series 2019-B Class A | ||||
06/17/2024 | 2.660% | 623,654 | 623,475 | |
Consumer Lending Receivables Trust(a) | ||||
Series 2019-A Class A | ||||
04/15/2026 | 3.520% | 1,643,683 | 1,634,446 | |
Consumer Loan Underlying Bond CLUB Credit Trust(a) | ||||
Subordinated Series 2020-P1 Class B | ||||
03/15/2028 | 2.920% | 4,500,000 | 4,435,450 | |
Consumer Loan Underlying Bond Credit Trust(a) | ||||
Series 2018-P2 Class A | ||||
10/15/2025 | 3.470% | 571,405 | 572,396 | |
Series 2018-P2 Class B | ||||
10/15/2025 | 4.100% | 1,300,000 | 1,276,479 | |
Dell Equipment Finance Trust(a) | ||||
Subordinated Series 2020-1 Class B | ||||
04/24/2023 | 2.980% | 3,242,000 | 3,253,594 | |
Drive Auto Receivables Trust | ||||
Series 2019-2 Class C | ||||
06/16/2025 | 3.420% | 3,700,000 | 3,803,635 | |
Subordinated Series 2020-2 Class D | ||||
05/15/2028 | 3.050% | 650,000 | 672,337 | |
Dryden 42 Senior Loan Fund(a),(b) | ||||
Series 2016-42A Class BR | ||||
3-month USD LIBOR + 1.550% 07/15/2030 | 1.825% | 3,025,000 | 2,993,107 | |
DT Auto Owner Trust(a) | ||||
Subordinated Series 2018-3A Class D | ||||
07/15/2024 | 4.190% | 3,000,000 | 3,100,315 | |
Subordinated Series 2019-1A Class C | ||||
11/15/2024 | 3.610% | 2,950,000 | 3,026,242 | |
Subordinated Series 2019-3A Class D | ||||
04/15/2025 | 2.960% | 4,900,000 | 5,023,141 |
6 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Exeter Automobile Receivables Trust(a) | ||||
Series 2019-2A Class C | ||||
03/15/2024 | 3.300% | 8,000,000 | 8,227,367 | |
Series 2019-4A Class D | ||||
09/15/2025 | 2.580% | 4,425,000 | 4,530,684 | |
Foundation Finance Trust(a) | ||||
Series 2019-1A Class A | ||||
11/15/2034 | 3.860% | 2,275,009 | 2,347,075 | |
GLS Auto Receivables Issuer Trust(a) | ||||
Subordinated Series 2019-4A Class B | ||||
09/16/2024 | 2.780% | 9,750,000 | 9,962,022 | |
Subordinated Series 2020-1A Class C | ||||
11/17/2025 | 2.720% | 4,850,000 | 4,900,092 | |
Subordinated Series 2020-3A Class B | ||||
08/15/2024 | 1.380% | 8,250,000 | 8,379,753 | |
Jay Park CLO Ltd.(a),(b) | ||||
Series 2016-1A Class A2R | ||||
3-month USD LIBOR + 1.450% 10/20/2027 | 1.722% | 5,500,000 | 5,442,602 | |
Madison Park Funding XXXIII Ltd.(a),(b) | ||||
Series 2019-33A Class B1 | ||||
3-month USD LIBOR + 1.800% Floor 1.800% 10/15/2032 | 2.075% | 5,550,000 | 5,553,580 | |
Magnetite XII Ltd.(a),(b) | ||||
Series 2015-12A Class ARR | ||||
3-month USD LIBOR + 1.100% 10/15/2031 | 1.375% | 6,875,000 | 6,800,062 | |
Marlette Funding Trust(a) | ||||
Series 2018-4A Class A | ||||
12/15/2028 | 3.710% | 565,246 | 569,429 | |
Series 2019-1A Class A | ||||
04/16/2029 | 3.440% | 830,806 | 839,220 | |
Series 2019-1A Class B | ||||
04/16/2029 | 3.940% | 750,000 | 754,030 | |
Series 2019-3A Class B | ||||
09/17/2029 | 3.070% | 5,175,000 | 5,229,004 | |
Subordinated Series 2019-2A Class B | ||||
07/16/2029 | 3.530% | 2,625,000 | 2,676,456 | |
Subordinated Series 2020-2A Class B | ||||
09/16/2030 | 1.830% | 7,500,000 | 7,527,345 | |
MVW Owner Trust(a) | ||||
Series 2017-1A Class A | ||||
12/20/2034 | 2.420% | 2,832,045 | 2,887,964 | |
Octagon Investment Partners 39 Ltd.(a),(b) | ||||
Series 2018-3A Class B | ||||
3-month USD LIBOR + 1.650% Floor 1.650% 10/20/2030 | 1.922% | 11,200,000 | 11,145,154 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Octane Receivables Trust(a) | ||||
Series 2019-1A Class A | ||||
09/20/2023 | 3.160% | 1,569,891 | 1,583,423 | |
Prosper Marketplace Issuance Trust(a) | ||||
Series 2019-1A Class A | ||||
04/15/2025 | 3.540% | 35,346 | 35,306 | |
Series 2019-1A Class B | ||||
04/15/2025 | 4.030% | 945,000 | 942,994 | |
Series 2019-2A Class B | ||||
09/15/2025 | 3.690% | 3,300,000 | 3,275,257 | |
Series 2019-3A Class B | ||||
07/15/2025 | 3.590% | 3,250,000 | 3,209,150 | |
Series 2019-4A Class B | ||||
02/17/2026 | 3.200% | 5,750,000 | 5,623,805 | |
Race Point IX CLO Ltd.(a),(b) | ||||
Series 2015-9R Class A2R | ||||
3-month USD LIBOR + 1.650% 10/15/2030 | 1.925% | 9,250,000 | 9,120,343 | |
RR 3 Ltd.(a),(b) | ||||
Series 2014-14A Class A2R2 | ||||
3-month USD LIBOR + 1.400% Floor 1.400% 01/15/2030 | 1.675% | 10,000,000 | 9,855,070 | |
SCF Equipment Leasing LLC(a) | ||||
Series 2019-2A Class B | ||||
08/20/2026 | 2.760% | 4,000,000 | 4,147,439 | |
Subordinated Series 2020-1A Class B | ||||
03/20/2028 | 2.020% | 4,900,000 | 4,953,747 | |
Sierra Receivables Funding Co., LLC(a) | ||||
Series 2017-1A Class A | ||||
03/20/2034 | 2.910% | 1,614,372 | 1,642,018 | |
Sierra Timeshare Receivables Funding LLC(a) | ||||
Series 2016-2A Class A | ||||
07/20/2033 | 2.330% | 1,438,074 | 1,443,807 | |
Series 2016-3A Class A | ||||
10/20/2033 | 2.430% | 1,175,287 | 1,166,466 | |
Series 2018-3A Class A | ||||
09/20/2035 | 3.690% | 732,229 | 736,836 | |
SoFi Consumer Loan Program LLC(a),(c) | ||||
Subordinated Series 2016-5 Class B | ||||
09/25/2028 | 4.550% | 3,275,343 | 3,336,816 | |
SoFi Consumer Loan Program Trust(a) | ||||
Series 2019-1 Class B | ||||
02/25/2028 | 3.450% | 3,025,000 | 3,034,872 | |
TCF Auto Receivables Owner Trust(a) | ||||
Series 2016-PT1A Class A | ||||
06/15/2022 | 1.930% | 178,840 | 179,033 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 7 |
September 30, 2020 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Upstart Securitization Trust(a) | ||||
Series 2019-3 Class A | ||||
01/21/2030 | 2.684% | 3,172,890 | 3,199,434 | |
Series 2020-2 Class A | ||||
11/20/2030 | 2.309% | 3,925,000 | 3,921,518 | |
Westlake Automobile Receivables Trust(a) | ||||
Subordinated Series 2019-3A Class D | ||||
11/15/2024 | 2.720% | 5,914,000 | 6,054,019 | |
Subordinated Series 2020-2A Class D | ||||
01/15/2026 | 2.760% | 1,570,000 | 1,609,998 | |
Total Asset-Backed Securities — Non-Agency (Cost $287,941,068) | 289,095,646 | |||
Commercial Mortgage-Backed Securities - Non-Agency 9.8% | ||||
Ashford Hospitality Trust(a),(b) | ||||
Series 2018-KEYS Class B | ||||
1-month USD LIBOR + 1.300% Floor 1.300% 05/15/2035 | 1.602% | 9,100,000 | 8,402,471 | |
BAMLL Commercial Mortgage Securities Trust(a),(b) | ||||
Series 2018-DSNY Class C | ||||
1-month USD LIBOR + 1.350% Floor 1.350% 09/15/2034 | 1.503% | 11,500,000 | 10,752,756 | |
BBCMS Trust(a),(b) | ||||
Subordinated Series 2018-BXH Class B | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 10/15/2037 | 1.402% | 3,650,000 | 3,377,790 | |
Subordinated Series 2018-BXH Class C | ||||
1-month USD LIBOR + 1.500% Floor 1.500% 10/15/2037 | 1.652% | 1,975,000 | 1,808,065 | |
BHMS Mortgage Trust(a),(b) | ||||
Series 2018-ATLS Class A | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 07/15/2035 | 1.402% | 13,500,000 | 12,909,594 | |
BX Commercial Mortgage Trust(a),(b) | ||||
Series 2018-IND Class C | ||||
1-month USD LIBOR + 1.100% Floor 1.100% 11/15/2035 | 1.253% | 5,950,000 | 5,920,712 | |
Series 2019-XL Class C | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 10/15/2036 | 1.403% | 3,370,007 | 3,362,893 |
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
BX Trust(a),(b) | ||||
Series 2019-ATL Class C | ||||
1-month USD LIBOR + 1.587% Floor 1.587%, Cap 1.587% 10/15/2036 | 1.739% | 2,180,000 | 1,997,378 | |
Series 2019-ATL Class D | ||||
1-month USD LIBOR + 1.887% Floor 1.887% 10/15/2036 | 2.039% | 1,931,000 | 1,726,024 | |
CLNY Trust(a),(b) | ||||
Series 2019-IKPR Class D | ||||
1-month USD LIBOR + 2.025% Floor 2.025% 11/15/2038 | 2.177% | 5,900,000 | 5,162,887 | |
COMM Mortgage Trust(a),(b) | ||||
Series 2019-WCM Class C | ||||
1-month USD LIBOR + 1.300% Floor 1.300% 10/15/2036 | 1.452% | 3,900,000 | 3,844,002 | |
Home Partners of America Trust(a),(b) | ||||
Series 2018-1 Class A | ||||
1-month USD LIBOR + 0.900% Floor 0.900% 07/17/2037 | 1.052% | 2,989,474 | 2,983,974 | |
Invitation Homes Trust(a),(b) | ||||
Series 2018-SFR1 Class A | ||||
1-month USD LIBOR + 0.700% 03/17/2037 | 0.853% | 8,855,959 | 8,762,372 | |
Morgan Stanley Capital I Trust(a),(c) | ||||
Series 2019-MEAD Class D | ||||
11/10/2036 | 3.283% | 3,675,000 | 3,075,873 | |
Progress Residential Trust(a) | ||||
Series 2018-SF3 Class A | ||||
10/17/2035 | 3.880% | 11,887,570 | 12,174,396 | |
Series 2020-SFR1 Class C | ||||
04/17/2037 | 2.183% | 1,000,000 | 999,327 | |
Series 2020-SFR1 Class D | ||||
04/17/2037 | 2.383% | 2,025,000 | 2,029,669 | |
Series 2020-SFR2 Class A | ||||
06/17/2037 | 2.078% | 1,200,000 | 1,223,760 | |
Subordinated Series 2020-SFR2 Class C | ||||
06/18/2037 | 3.077% | 300,000 | 307,097 | |
Subordinated Series 2020-SFR2 Class D | ||||
06/18/2037 | 3.874% | 350,000 | 363,946 | |
RETL(a),(b) | ||||
Series 2019-RVP Class A | ||||
1-month USD LIBOR + 1.150% Floor 1.150% 03/15/2036 | 1.302% | 359,258 | 341,491 |
8 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Wells Fargo Commercial Mortgage Trust(a),(b) | ||||
Series 2017-SMP Class A | ||||
1-month USD LIBOR + 0.750% Floor 0.750% 12/15/2034 | 0.903% | 16,055,000 | 15,576,598 | |
Series 2020-SDAL Class D | ||||
1-month USD LIBOR + 2.090% Floor 2.090% 02/15/2037 | 2.242% | 1,600,000 | 1,358,768 | |
Total Commercial Mortgage-Backed Securities - Non-Agency (Cost $112,600,204) | 108,461,843 | |||
Corporate Bonds & Notes 35.7% | ||||
Aerospace & Defense 1.3% | ||||
BAE Systems Holdings, Inc.(a) | ||||
12/15/2025 | 3.850% | 3,000,000 | 3,383,205 | |
General Dynamics Corp. | ||||
04/01/2025 | 3.250% | 3,000,000 | 3,327,009 | |
L3Harris Technologies, Inc. | ||||
02/15/2021 | 4.950% | 3,000,000 | 3,014,787 | |
Northrop Grumman Corp. | ||||
08/01/2023 | 3.250% | 3,000,000 | 3,237,759 | |
TransDigm, Inc. | ||||
07/15/2024 | 6.500% | 434,000 | 432,878 | |
05/15/2025 | 6.500% | 289,000 | 288,165 | |
TransDigm, Inc.(a) | ||||
12/15/2025 | 8.000% | 701,000 | 762,179 | |
Total | 14,445,982 | |||
Airlines 0.0% | ||||
Delta Air Lines, Inc./SkyMiles IP Ltd.(a) | ||||
10/20/2025 | 4.500% | 299,000 | 306,556 | |
Automotive 0.3% | ||||
Allison Transmission, Inc.(a) | ||||
10/01/2024 | 5.000% | 425,000 | 429,048 | |
Clarios Global LP(a) | ||||
05/15/2025 | 6.750% | 320,000 | 337,080 | |
Ford Motor Credit Co. LLC | ||||
01/09/2022 | 3.219% | 178,000 | 178,236 | |
11/17/2023 | 3.370% | 200,000 | 196,935 | |
03/18/2024 | 5.584% | 1,100,000 | 1,144,842 | |
KAR Auction Services, Inc.(a) | ||||
06/01/2025 | 5.125% | 333,000 | 332,194 | |
Total | 2,618,335 | |||
Banking 8.0% | ||||
Ally Financial, Inc. | ||||
05/19/2022 | 4.625% | 348,000 | 365,477 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
American Express Co. | ||||
08/01/2022 | 2.500% | 3,000,000 | 3,104,012 | |
ANZ New Zealand International Ltd.(a) | ||||
02/13/2023 | 1.900% | 2,650,000 | 2,731,344 | |
Bank of America Corp. | ||||
08/01/2025 | 3.875% | 7,700,000 | 8,753,502 | |
Bank of Montreal | ||||
11/01/2022 | 2.050% | 2,500,000 | 2,584,865 | |
Bank of New York Mellon Corp. (The) | ||||
01/27/2023 | 1.850% | 2,705,000 | 2,792,232 | |
Bank of Nova Scotia (The) | ||||
09/15/2023 | 0.550% | 3,000,000 | 2,998,022 | |
BB&T Corp. | ||||
06/20/2022 | 3.050% | 3,010,000 | 3,138,440 | |
CIT Group, Inc. | ||||
08/01/2023 | 5.000% | 416,000 | 433,020 | |
Citigroup, Inc. | ||||
10/27/2022 | 2.700% | 6,500,000 | 6,775,513 | |
Discover Bank | ||||
09/12/2024 | 2.450% | 3,000,000 | 3,163,986 | |
Goldman Sachs Group, Inc. (The) | ||||
01/24/2022 | 5.750% | 6,600,000 | 7,047,428 | |
HSBC Holdings PLC | ||||
03/30/2022 | 4.000% | 4,000,000 | 4,195,978 | |
ING Bank NV(a) | ||||
06/09/2021 | 5.000% | 2,000,000 | 2,063,198 | |
JPMorgan Chase & Co.(d) | ||||
06/01/2024 | 1.514% | 8,500,000 | 8,676,186 | |
Lloyds Bank PLC | ||||
08/14/2022 | 2.250% | 2,750,000 | 2,831,620 | |
Morgan Stanley(d) | ||||
04/28/2026 | 2.188% | 5,500,000 | 5,755,354 | |
PNC Bank NA | ||||
02/23/2025 | 2.950% | 2,450,000 | 2,676,577 | |
Toronto-Dominion Bank (The) | ||||
06/12/2025 | 1.150% | 3,000,000 | 3,046,581 | |
UBS AG(a) | ||||
04/21/2022 | 1.750% | 3,000,000 | 3,054,959 | |
US Bank NA | ||||
01/21/2025 | 2.050% | 2,000,000 | 2,114,485 | |
Wells Fargo & Co.(d) | ||||
10/30/2025 | 2.406% | 6,500,000 | 6,812,575 | |
Westpac Banking Corp. | ||||
01/11/2022 | 2.800% | 3,000,000 | 3,095,337 | |
Total | 88,210,691 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 9 |
September 30, 2020 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Brokerage/Asset Managers/Exchanges 0.0% | ||||
NFP Corp.(a) | ||||
05/15/2025 | 7.000% | 350,000 | 373,275 | |
Building Materials 0.1% | ||||
Beacon Roofing Supply, Inc.(a) | ||||
11/01/2025 | 4.875% | 197,000 | 192,232 | |
James Hardie International Finance DAC(a) | ||||
01/15/2025 | 4.750% | 583,000 | 596,530 | |
Total | 788,762 | |||
Cable and Satellite 1.1% | ||||
CCO Holdings LLC/Capital Corp.(a) | ||||
03/01/2023 | 4.000% | 352,000 | 355,938 | |
05/01/2025 | 5.375% | 1,000,000 | 1,030,201 | |
02/15/2026 | 5.750% | 179,000 | 186,103 | |
Charter Communications Operating LLC/Capital | ||||
02/01/2024 | 4.500% | 4,000,000 | 4,433,535 | |
Comcast Corp. | ||||
04/15/2024 | 3.700% | 3,000,000 | 3,311,414 | |
CSC Holdings LLC | ||||
11/15/2021 | 6.750% | 160,000 | 167,758 | |
06/01/2024 | 5.250% | 531,000 | 569,370 | |
DISH DBS Corp. | ||||
06/01/2021 | 6.750% | 151,000 | 154,768 | |
07/15/2022 | 5.875% | 155,000 | 160,825 | |
Sirius XM Radio, Inc.(a) | ||||
08/01/2022 | 3.875% | 288,000 | 290,957 | |
07/15/2024 | 4.625% | 745,000 | 771,057 | |
Videotron Ltd. | ||||
07/15/2022 | 5.000% | 239,000 | 249,430 | |
Total | 11,681,356 | |||
Chemicals 0.7% | ||||
Axalta Coating Systems LLC(a) | ||||
08/15/2024 | 4.875% | 526,000 | 536,413 | |
Chemours Co. (The) | ||||
05/15/2023 | 6.625% | 176,000 | 178,299 | |
DowDuPont, Inc. | ||||
11/15/2023 | 4.205% | 2,500,000 | 2,746,148 | |
INEOS Group Holdings SA(a) | ||||
08/01/2024 | 5.625% | 568,000 | 574,079 | |
LyondellBasell Industries NV | ||||
04/15/2024 | 5.750% | 3,000,000 | 3,443,163 | |
PQ Corp.(a) | ||||
12/15/2025 | 5.750% | 171,000 | 176,085 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
SPCM SA(a) | ||||
09/15/2025 | 4.875% | 174,000 | 180,077 | |
Total | 7,834,264 | |||
Construction Machinery 0.4% | ||||
Caterpillar Financial Services Corp. | ||||
07/07/2023 | 0.650% | 2,085,000 | 2,094,305 | |
H&E Equipment Services, Inc. | ||||
09/01/2025 | 5.625% | 293,000 | 305,364 | |
John Deere Capital Corp. | ||||
07/05/2023 | 0.700% | 1,200,000 | 1,213,685 | |
Ritchie Bros. Auctioneers, Inc.(a) | ||||
01/15/2025 | 5.375% | 647,000 | 666,619 | |
United Rentals North America, Inc. | ||||
10/15/2025 | 4.625% | 186,000 | 190,287 | |
Total | 4,470,260 | |||
Consumer Cyclical Services 0.1% | ||||
ADT Corp. (The) | ||||
07/15/2022 | 3.500% | 362,000 | 368,932 | |
APX Group, Inc. | ||||
12/01/2022 | 7.875% | 446,000 | 447,101 | |
Expedia Group, Inc.(a) | ||||
12/15/2023 | 3.600% | 328,000 | 335,051 | |
05/01/2025 | 6.250% | 20,000 | 22,029 | |
05/01/2025 | 7.000% | 291,000 | 313,688 | |
Total | 1,486,801 | |||
Consumer Products 0.2% | ||||
CD&R Smokey Buyer, Inc.(a) | ||||
07/15/2025 | 6.750% | 235,000 | 248,190 | |
Mattel, Inc.(a) | ||||
12/31/2025 | 6.750% | 506,000 | 533,742 | |
Newell Brands, Inc. | ||||
06/01/2025 | 4.875% | 334,000 | 360,248 | |
Prestige Brands, Inc.(a) | ||||
03/01/2024 | 6.375% | 185,000 | 190,495 | |
Spectrum Brands, Inc. | ||||
07/15/2025 | 5.750% | 222,000 | 229,279 | |
Total | 1,561,954 | |||
Diversified Manufacturing 0.7% | ||||
Carrier Global Corp.(a) | ||||
02/15/2025 | 2.242% | 3,500,000 | 3,649,693 | |
CFX Escrow Corp.(a) | ||||
02/15/2024 | 6.000% | 514,000 | 534,104 | |
02/15/2026 | 6.375% | 203,000 | 215,530 |
10 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Honeywell International, Inc. | ||||
06/01/2025 | 1.350% | 2,253,000 | 2,322,975 | |
TriMas Corp.(a) | ||||
10/15/2025 | 4.875% | 224,000 | 227,198 | |
WESCO Distribution, Inc. | ||||
12/15/2021 | 5.375% | 419,000 | 419,627 | |
06/15/2024 | 5.375% | 229,000 | 234,713 | |
WESCO Distribution, Inc.(a) | ||||
06/15/2025 | 7.125% | 193,000 | 210,104 | |
Total | 7,813,944 | |||
Electric 3.3% | ||||
American Electric Power Co., Inc. | ||||
11/13/2020 | 2.150% | 1,000,000 | 1,002,074 | |
Clearway Energy Operating LLC | ||||
10/15/2025 | 5.750% | 351,000 | 369,364 | |
Dominion Resources, Inc. | ||||
01/15/2022 | 2.750% | 3,000,000 | 3,069,006 | |
DTE Energy Co. | ||||
06/01/2025 | 1.050% | 3,200,000 | 3,202,696 | |
Duke Energy Corp. | ||||
09/15/2025 | 0.900% | 2,735,000 | 2,734,980 | |
Eversource Energy | ||||
08/15/2025 | 0.800% | 3,500,000 | 3,485,871 | |
Exelon Corp. | ||||
04/15/2021 | 2.450% | 2,686,000 | 2,710,132 | |
FirstEnergy Corp. | ||||
01/15/2026 | 1.600% | 3,000,000 | 2,977,402 | |
NextEra Energy Capital Holdings, Inc. | ||||
04/01/2022 | 2.900% | 2,000,000 | 2,071,389 | |
NextEra Energy Operating Partners LP(a) | ||||
07/15/2024 | 4.250% | 912,000 | 950,311 | |
Pinnacle West Capital Corp. | ||||
06/15/2025 | 1.300% | 3,000,000 | 3,047,757 | |
PPL Capital Funding, Inc. | ||||
05/15/2026 | 3.100% | 3,000,000 | 3,316,733 | |
Southern Co. (The) | ||||
07/01/2026 | 3.250% | 3,000,000 | 3,345,002 | |
TerraForm Power Operating LLC(a) | ||||
01/31/2023 | 4.250% | 604,000 | 618,577 | |
WEC Energy Group, Inc. | ||||
09/15/2023 | 0.550% | 2,200,000 | 2,203,423 | |
Xcel Energy, Inc. | ||||
10/15/2023 | 0.500% | 1,625,000 | 1,624,385 | |
Total | 36,729,102 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Environmental 0.1% | ||||
GFL Environmental, Inc.(a) | ||||
06/01/2025 | 4.250% | 983,000 | 994,477 | |
08/01/2025 | 3.750% | 146,000 | 146,782 | |
Total | 1,141,259 | |||
Finance Companies 0.7% | ||||
Alliance Data Systems Corp.(a) | ||||
12/15/2024 | 4.750% | 100,000 | 93,656 | |
GE Capital International Funding Co. Unlimited Co. | ||||
11/15/2025 | 3.373% | 5,000,000 | 5,343,773 | |
Navient Corp. | ||||
10/26/2020 | 5.000% | 311,000 | 311,465 | |
07/26/2021 | 6.625% | 313,000 | 317,799 | |
01/25/2022 | 7.250% | 267,000 | 274,032 | |
01/25/2023 | 5.500% | 318,000 | 320,653 | |
Quicken Loans, Inc.(a) | ||||
05/01/2025 | 5.750% | 460,000 | 473,529 | |
Springleaf Finance Corp. | ||||
05/15/2022 | 6.125% | 522,000 | 541,126 | |
Total | 7,676,033 | |||
Food and Beverage 2.3% | ||||
Anheuser-Busch InBev Worldwide, Inc. | ||||
01/23/2025 | 4.150% | 3,500,000 | 3,954,915 | |
Aramark Services, Inc.(a) | ||||
05/01/2025 | 6.375% | 42,000 | 43,688 | |
Bacardi Ltd.(a) | ||||
05/15/2025 | 4.450% | 3,500,000 | 3,902,925 | |
Conagra Brands, Inc. | ||||
05/01/2024 | 4.300% | 3,300,000 | 3,681,458 | |
Cott Holdings, Inc.(a) | ||||
04/01/2025 | 5.500% | 703,000 | 720,567 | |
Diageo Capital PLC | ||||
09/29/2025 | 1.375% | 2,500,000 | 2,565,414 | |
Kraft Heinz Foods Co. (The) | ||||
07/15/2025 | 3.950% | 1,444,000 | 1,570,607 | |
Lamb Weston Holdings, Inc.(a) | ||||
11/01/2024 | 4.625% | 290,000 | 302,308 | |
Mondelez International, Inc. | ||||
05/04/2025 | 1.500% | 3,000,000 | 3,084,065 | |
PepsiCo, Inc. | ||||
05/01/2023 | 0.750% | 2,000,000 | 2,020,716 | |
Performance Food Group, Inc.(a) | ||||
06/01/2024 | 5.500% | 183,000 | 183,838 | |
05/01/2025 | 6.875% | 257,000 | 273,705 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 11 |
September 30, 2020 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Pilgrim’s Pride Corp.(a) | ||||
03/15/2025 | 5.750% | 634,000 | 646,915 | |
Treehouse Foods, Inc.(a) | ||||
02/15/2024 | 6.000% | 90,000 | 92,468 | |
Tyson Foods, Inc. | ||||
08/15/2024 | 3.950% | 2,150,000 | 2,388,339 | |
Total | 25,431,928 | |||
Gaming 0.4% | ||||
Colt Merger Sub, Inc.(a) | ||||
07/01/2025 | 5.750% | 321,000 | 330,729 | |
07/01/2025 | 6.250% | 626,000 | 654,128 | |
GLP Capital LP/Financing II, Inc. | ||||
11/01/2023 | 5.375% | 231,000 | 246,045 | |
06/01/2025 | 5.250% | 182,000 | 197,825 | |
International Game Technology PLC(a) | ||||
02/15/2022 | 6.250% | 358,000 | 365,813 | |
02/15/2025 | 6.500% | 203,000 | 216,362 | |
MGM Growth Properties Operating Partnership LP/Finance Co-Issuer, Inc. | ||||
05/01/2024 | 5.625% | 511,000 | 542,039 | |
MGM Growth Properties Operating Partnership LP/Finance Co-Issuer, Inc.(a) | ||||
06/15/2025 | 4.625% | 139,000 | 141,810 | |
MGM Resorts International | ||||
03/15/2023 | 6.000% | 364,000 | 377,942 | |
Scientific Games International, Inc.(a) | ||||
10/15/2025 | 5.000% | 571,000 | 573,981 | |
VICI Properties LP/Note Co., Inc.(a) | ||||
02/15/2025 | 3.500% | 377,000 | 373,814 | |
Wynn Las Vegas LLC/Capital Corp.(a) | ||||
05/30/2023 | 4.250% | 337,000 | 319,902 | |
03/01/2025 | 5.500% | 219,000 | 206,964 | |
Total | 4,547,354 | |||
Health Care 1.3% | ||||
Acadia Healthcare Co., Inc. | ||||
02/15/2023 | 5.625% | 468,000 | 470,960 | |
03/01/2024 | 6.500% | 124,000 | 127,184 | |
AMN Healthcare, Inc.(a) | ||||
10/01/2024 | 5.125% | 134,000 | 137,032 | |
Avantor, Inc.(a) | ||||
10/01/2024 | 6.000% | 1,019,000 | 1,065,187 | |
Becton Dickinson and Co. | ||||
06/06/2024 | 3.363% | 4,000,000 | 4,326,056 | |
Change Healthcare Holdings LLC/Finance, Inc.(a) | ||||
03/01/2025 | 5.750% | 831,000 | 842,626 | |
Cigna Corp. | ||||
07/15/2023 | 3.000% | 2,455,000 | 2,601,148 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
HCA, Inc. | ||||
02/01/2025 | 5.375% | 638,000 | 698,525 | |
HealthSouth Corp. | ||||
11/01/2024 | 5.750% | 257,000 | 257,277 | |
Hill-Rom Holdings, Inc.(a) | ||||
02/15/2025 | 5.000% | 241,000 | 248,558 | |
Hologic, Inc.(a) | ||||
10/15/2025 | 4.375% | 176,000 | 179,851 | |
McKesson Corp. | ||||
03/15/2023 | 2.850% | 2,001,000 | 2,095,091 | |
Tenet Healthcare Corp. | ||||
07/15/2024 | 4.625% | 924,000 | 926,874 | |
05/01/2025 | 5.125% | 367,000 | 370,319 | |
Tenet Healthcare Corp.(a) | ||||
09/01/2024 | 4.625% | 273,000 | 274,671 | |
Total | 14,621,359 | |||
Healthcare Insurance 0.9% | ||||
Aetna, Inc. | ||||
06/15/2023 | 2.800% | 3,000,000 | 3,157,393 | |
Anthem, Inc. | ||||
01/15/2025 | 2.375% | 2,500,000 | 2,653,163 | |
Centene Corp. | ||||
05/15/2022 | 4.750% | 138,000 | 139,850 | |
01/15/2025 | 4.750% | 515,000 | 529,001 | |
01/15/2025 | 4.750% | 493,000 | 506,678 | |
Centene Corp.(a) | ||||
04/01/2025 | 5.250% | 572,000 | 594,596 | |
UnitedHealth Group, Inc. | ||||
02/15/2023 | 2.750% | 2,100,000 | 2,202,355 | |
Total | 9,783,036 | |||
Home Construction 0.2% | ||||
Lennar Corp. | ||||
01/15/2022 | 4.125% | 284,000 | 289,983 | |
11/15/2024 | 5.875% | 197,000 | 219,845 | |
Meritage Homes Corp. | ||||
04/01/2022 | 7.000% | 235,000 | 250,568 | |
Taylor Morrison Communities, Inc./Holdings II(a) | ||||
04/15/2023 | 5.875% | 377,000 | 397,771 | |
03/01/2024 | 5.625% | 188,000 | 200,508 | |
TRI Pointe Group, Inc./Homes | ||||
06/15/2024 | 5.875% | 154,000 | 166,706 | |
Total | 1,525,381 | |||
Independent Energy 0.7% | ||||
Apache Corp. | ||||
11/15/2025 | 4.625% | 191,000 | 182,029 |
12 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Canadian Natural Resources Ltd. | ||||
02/01/2025 | 3.900% | 3,000,000 | 3,253,959 | |
Carrizo Oil & Gas, Inc. | ||||
04/15/2023 | 6.250% | 44,000 | 14,258 | |
Endeavor Energy Resources LP/Finance, Inc.(a) | ||||
07/15/2025 | 6.625% | 153,000 | 157,170 | |
EQT Corp. | ||||
10/01/2022 | 3.000% | 119,000 | 116,350 | |
Murphy Oil Corp. | ||||
08/15/2024 | 6.875% | 162,000 | 149,592 | |
Parsley Energy LLC/Finance Corp.(a) | ||||
01/15/2025 | 5.375% | 275,000 | 274,473 | |
Range Resources Corp. | ||||
08/15/2022 | 5.000% | 146,000 | 140,829 | |
Woodside Finance Ltd.(a) | ||||
05/10/2021 | 4.600% | 2,000,000 | 2,025,208 | |
03/05/2025 | 3.650% | 1,000,000 | 1,060,536 | |
WPX Energy, Inc. | ||||
09/15/2024 | 5.250% | 714,000 | 744,997 | |
Total | 8,119,401 | |||
Integrated Energy 0.3% | ||||
BP Capital Markets PLC | ||||
11/01/2021 | 3.561% | 2,000,000 | 2,066,760 | |
Cenovus Energy, Inc. | ||||
08/15/2022 | 3.000% | 1,629,000 | 1,589,158 | |
Total | 3,655,918 | |||
Leisure 0.3% | ||||
Boyne U.S.A., Inc.(a) | ||||
05/01/2025 | 7.250% | 167,000 | 175,322 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp. | ||||
06/01/2024 | 5.375% | 393,000 | 376,512 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC(a) | ||||
05/01/2025 | 5.500% | 283,000 | 290,164 | |
Cinemark USA, Inc. | ||||
12/15/2022 | 5.125% | 228,000 | 202,861 | |
06/01/2023 | 4.875% | 204,000 | 174,406 | |
Live Nation Entertainment, Inc.(a) | ||||
11/01/2024 | 4.875% | 546,000 | 528,891 | |
NCL Corp.,Ltd.(a) | ||||
12/15/2024 | 3.625% | 282,000 | 197,580 | |
Six Flags Entertainment Corp.(a) | ||||
07/31/2024 | 4.875% | 605,000 | 569,057 | |
Six Flags Theme Parks, Inc.(a) | ||||
07/01/2025 | 7.000% | 53,000 | 56,429 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Vail Resorts, Inc.(a) | ||||
05/15/2025 | 6.250% | 330,000 | 350,150 | |
Total | 2,921,372 | |||
Life Insurance 1.2% | ||||
American International Group, Inc. | ||||
04/01/2026 | 3.900% | 3,000,000 | 3,414,134 | |
Five Corners Funding Trust(a) | ||||
11/15/2023 | 4.419% | 2,500,000 | 2,775,936 | |
Metropolitan Life Global Funding I(a) | ||||
07/02/2025 | 0.950% | 2,000,000 | 2,018,960 | |
Principal Life Global Funding II(a) | ||||
06/23/2025 | 1.250% | 2,000,000 | 2,036,391 | |
Voya Financial, Inc. | ||||
07/15/2024 | 3.125% | 3,000,000 | 3,233,200 | |
Total | 13,478,621 | |||
Lodging 0.0% | ||||
Hilton Domestic Operating Co., Inc. | ||||
09/01/2024 | 4.250% | 136,000 | 136,158 | |
Hilton Domestic Operating Co., Inc.(a) | ||||
05/01/2025 | 5.375% | 211,000 | 220,108 | |
Total | 356,266 | |||
Media and Entertainment 0.6% | ||||
Discovery Communications LLC | ||||
06/15/2025 | 3.950% | 2,500,000 | 2,804,280 | |
Netflix, Inc. | ||||
02/15/2022 | 5.500% | 160,000 | 167,876 | |
03/01/2024 | 5.750% | 272,000 | 301,373 | |
Outfront Media Capital LLC/Corp. | ||||
02/15/2024 | 5.625% | 436,000 | 443,885 | |
Outfront Media Capital LLC/Corp.(a) | ||||
06/15/2025 | 6.250% | 62,000 | 63,858 | |
RELX Capital, Inc. | ||||
03/16/2023 | 3.500% | 2,890,000 | 3,073,641 | |
TEGNA, Inc.(a) | ||||
03/15/2026 | 4.750% | 150,000 | 153,024 | |
Total | 7,007,937 | |||
Metals and Mining 0.3% | ||||
Alcoa Nederland Holding BV(a) | ||||
09/30/2024 | 6.750% | 514,000 | 530,490 | |
Constellium NV(a) | ||||
05/15/2024 | 5.750% | 518,000 | 526,584 | |
03/01/2025 | 6.625% | 430,000 | 440,336 | |
02/15/2026 | 5.875% | 373,000 | 382,836 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 13 |
September 30, 2020 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Freeport-McMoRan, Inc. | ||||
11/14/2024 | 4.550% | 405,000 | 435,013 | |
Hudbay Minerals, Inc.(a) | ||||
01/15/2023 | 7.250% | 455,000 | 463,784 | |
01/15/2025 | 7.625% | 362,000 | 369,137 | |
Total | 3,148,180 | |||
Midstream 2.3% | ||||
Buckeye Partners LP | ||||
07/01/2023 | 4.150% | 114,000 | 112,460 | |
Cheniere Corpus Christi Holdings LLC | ||||
06/30/2024 | 7.000% | 209,000 | 240,715 | |
Cheniere Energy Partners LP | ||||
10/01/2025 | 5.250% | 440,000 | 449,953 | |
DCP Midstream Operating LP | ||||
03/15/2023 | 3.875% | 518,000 | 511,992 | |
Enterprise Products Operating LLC | ||||
02/15/2025 | 3.750% | 3,000,000 | 3,337,443 | |
EQM Midstream Partners LP(a) | ||||
07/01/2025 | 6.000% | 181,000 | 186,667 | |
Kinder Morgan Energy Partners LP | ||||
02/01/2024 | 4.150% | 3,000,000 | 3,274,935 | |
MPLX LP | ||||
12/01/2024 | 4.875% | 3,000,000 | 3,361,173 | |
01/15/2025 | 5.250% | 272,000 | 282,054 | |
NGPL PipeCo LLC(a) | ||||
08/15/2022 | 4.375% | 182,000 | 188,884 | |
NuStar Logistics LP | ||||
02/01/2022 | 4.750% | 492,000 | 492,491 | |
10/01/2025 | 5.750% | 259,000 | 267,376 | |
Plains All American Pipeline LP/Finance Corp. | ||||
11/01/2024 | 3.600% | 4,000,000 | 4,119,372 | |
Rockpoint Gas Storage Canada Ltd.(a) | ||||
03/31/2023 | 7.000% | 86,000 | 79,616 | |
Sunoco LP/Finance Corp. | ||||
01/15/2023 | 4.875% | 718,000 | 723,430 | |
Tallgrass Energy Partners LP/Finance Corp.(a) | ||||
10/01/2023 | 4.750% | 436,000 | 413,093 | |
Targa Resources Partners LP/Finance Corp. | ||||
11/15/2023 | 4.250% | 1,075,000 | 1,066,593 | |
02/01/2025 | 5.125% | 81,000 | 81,041 | |
Western Midstream Operating LP | ||||
02/01/2025 | 3.100% | 1,998,000 | 1,901,437 | |
Williams Companies, Inc. (The) | ||||
01/15/2023 | 3.700% | 4,000,000 | 4,226,684 | |
Total | 25,317,409 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Natural Gas 0.6% | ||||
NiSource, Inc. | ||||
08/15/2025 | 0.950% | 3,500,000 | 3,495,743 | |
Sempra Energy(b) | ||||
3-month USD LIBOR + 0.450% 03/15/2021 | 0.700% | 3,192,000 | 3,196,369 | |
Total | 6,692,112 | |||
Oil Field Services 0.0% | ||||
Transocean Guardian Ltd.(a) | ||||
01/15/2024 | 5.875% | 109,200 | 70,359 | |
Other Industry 0.0% | ||||
Hillenbrand, Inc. | ||||
06/15/2025 | 5.750% | 179,000 | 191,577 | |
Other REIT 0.1% | ||||
Ladder Capital Finance Holdings LLLP/Corp.(a) | ||||
03/15/2022 | 5.250% | 369,000 | 361,848 | |
10/01/2025 | 5.250% | 75,000 | 69,494 | |
Starwood Property Trust, Inc. | ||||
02/01/2021 | 3.625% | 414,000 | 413,579 | |
Total | 844,921 | |||
Packaging 0.2% | ||||
Ardagh Packaging Finance PLC/Holdings USA, Inc.(a) | ||||
02/15/2025 | 6.000% | 448,000 | 465,136 | |
04/30/2025 | 5.250% | 281,000 | 293,618 | |
Berry Global, Inc. | ||||
07/15/2023 | 5.125% | 362,000 | 367,421 | |
Berry Global, Inc.(a) | ||||
02/15/2026 | 4.500% | 185,000 | 187,366 | |
BWAY Holding Co.(a) | ||||
04/15/2024 | 5.500% | 395,000 | 396,389 | |
Reynolds Group Issuer, Inc./LLC(a) | ||||
07/15/2023 | 5.125% | 401,000 | 406,004 | |
07/15/2024 | 7.000% | 219,000 | 222,944 | |
Total | 2,338,878 | |||
Paper 0.0% | ||||
Graphic Packaging International, Inc. | ||||
04/15/2021 | 4.750% | 166,000 | 167,342 | |
Pharmaceuticals 1.7% | ||||
AbbVie, Inc. | ||||
05/14/2026 | 3.200% | 6,000,000 | 6,600,152 | |
Amgen, Inc. | ||||
05/11/2022 | 2.650% | 3,000,000 | 3,101,332 |
14 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Bausch Health Companies, Inc.(a) | ||||
05/15/2023 | 5.875% | 25,000 | 24,921 | |
03/15/2024 | 7.000% | 827,000 | 855,707 | |
04/15/2025 | 6.125% | 579,000 | 592,662 | |
11/01/2025 | 5.500% | 186,000 | 190,782 | |
Bristol Myers Squibb Co. | ||||
07/26/2024 | 2.900% | 1,940,000 | 2,103,073 | |
Catalent Pharma Solutions, Inc.(a) | ||||
01/15/2026 | 4.875% | 375,000 | 383,378 | |
Gilead Sciences, Inc. | ||||
09/29/2023 | 0.750% | 3,890,000 | 3,897,188 | |
Jaguar Holding Co. II/PPD Development LP(a) | ||||
06/15/2025 | 4.625% | 368,000 | 378,871 | |
Total | 18,128,066 | |||
Property & Casualty 0.5% | ||||
Chubb INA Holdings, Inc. | ||||
05/15/2024 | 3.350% | 2,500,000 | 2,742,680 | |
Loews Corp. | ||||
05/15/2023 | 2.625% | 2,644,000 | 2,774,024 | |
Radian Group, Inc. | ||||
03/15/2025 | 6.625% | 182,000 | 192,908 | |
Total | 5,709,612 | |||
Railroads 0.2% | ||||
CSX Corp. | ||||
06/01/2021 | 4.250% | 2,000,000 | 2,031,538 | |
Restaurants 0.2% | ||||
1011778 BC ULC/New Red Finance, Inc.(a) | ||||
05/15/2024 | 4.250% | 232,000 | 236,263 | |
10/15/2025 | 5.000% | 180,000 | 184,589 | |
IRB Holding Corp.(a) | ||||
06/15/2025 | 7.000% | 699,000 | 746,020 | |
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC(a) | ||||
06/01/2024 | 5.000% | 812,000 | 832,555 | |
Total | 1,999,427 | |||
Retailers 0.3% | ||||
Hanesbrands, Inc.(a) | ||||
05/15/2025 | 5.375% | 323,000 | 340,868 | |
Lowe’s Companies, Inc. | ||||
04/15/2022 | 3.120% | 2,000,000 | 2,069,940 | |
Penske Automotive Group, Inc. | ||||
10/01/2022 | 5.750% | 544,000 | 544,000 | |
09/01/2025 | 3.500% | 338,000 | 336,857 | |
PetSmart, Inc.(a) | ||||
06/01/2025 | 5.875% | 371,000 | 379,989 | |
Total | 3,671,654 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Supermarkets 0.1% | ||||
Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC | ||||
03/15/2025 | 5.750% | 432,000 | 446,469 | |
Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
02/15/2023 | 3.500% | 185,000 | 187,238 | |
03/15/2026 | 3.250% | 568,000 | 563,951 | |
Total | 1,197,658 | |||
Technology 1.5% | ||||
Broadcom, Inc. | ||||
11/15/2025 | 3.150% | 4,000,000 | 4,316,387 | |
BY Crown Parent LLC/Bond Finance, Inc.(a) | ||||
01/31/2026 | 4.250% | 186,000 | 189,161 | |
Cisco Systems, Inc. | ||||
09/20/2021 | 1.850% | 1,500,000 | 1,521,476 | |
CommScope Finance LLC(a) | ||||
03/01/2024 | 5.500% | 339,000 | 347,710 | |
IBM Credit LLC | ||||
02/06/2023 | 3.000% | 2,000,000 | 2,120,326 | |
Microchip Technology, Inc.(a) | ||||
09/01/2025 | 4.250% | 351,000 | 364,034 | |
NCR Corp.(a) | ||||
04/15/2025 | 8.125% | 576,000 | 636,829 | |
NXP BV/Funding LLC/USA, Inc.(a) | ||||
05/01/2025 | 2.700% | 3,070,000 | 3,248,984 | |
Oracle Corp. | ||||
04/01/2025 | 2.500% | 2,000,000 | 2,142,896 | |
PTC, Inc.(a) | ||||
02/15/2025 | 3.625% | 179,000 | 181,543 | |
Qualitytech LP/QTS Finance Corp.(a) | ||||
11/15/2025 | 4.750% | 289,000 | 299,606 | |
Symantec Corp.(a) | ||||
04/15/2025 | 5.000% | 186,000 | 190,632 | |
Tempo Acquisition LLC/Finance Corp.(a) | ||||
06/01/2025 | 5.750% | 540,000 | 565,038 | |
Total | 16,124,622 | |||
Transportation Services 0.3% | ||||
ERAC U.S.A. Finance LLC(a) | ||||
10/15/2022 | 3.300% | 3,000,000 | 3,138,510 | |
XPO Logistics, Inc.(a) | ||||
06/15/2022 | 6.500% | 266,000 | 266,610 | |
Total | 3,405,120 | |||
Wireless 0.8% | ||||
American Tower Corp. | ||||
09/15/2025 | 1.300% | 3,700,000 | 3,734,211 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 15 |
September 30, 2020 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
SBA Communications Corp. | ||||
10/01/2022 | 4.000% | 532,000 | 535,484 | |
09/01/2024 | 4.875% | 243,000 | 249,020 | |
Sprint Communications, Inc. | ||||
11/15/2022 | 6.000% | 255,000 | 274,735 | |
Sprint Corp. | ||||
09/15/2023 | 7.875% | 755,000 | 867,264 | |
06/15/2024 | 7.125% | 260,000 | 299,037 | |
T-Mobile USA, Inc.(a) | ||||
02/15/2026 | 1.500% | 3,000,000 | 3,013,285 | |
Total | 8,973,036 | |||
Wirelines 1.4% | ||||
AT&T, Inc. | ||||
02/01/2028 | 1.650% | 4,000,000 | 4,005,787 | |
CenturyLink, Inc. | ||||
06/15/2021 | 6.450% | 924,000 | 948,715 | |
03/15/2022 | 5.800% | 466,000 | 480,807 | |
04/01/2024 | 7.500% | 126,000 | 141,005 | |
04/01/2025 | 5.625% | 138,000 | 147,624 | |
Level 3 Financing, Inc. | ||||
01/15/2024 | 5.375% | 84,000 | 84,644 | |
Orange SA | ||||
09/14/2021 | 4.125% | 2,810,000 | 2,908,379 | |
Telefonica Emisiones SAU | ||||
04/27/2023 | 4.570% | 3,000,000 | 3,286,823 | |
Verizon Communications, Inc. | ||||
02/15/2025 | 3.376% | 2,500,000 | 2,785,135 | |
Total | 14,788,919 | |||
Total Corporate Bonds & Notes (Cost $383,232,211) | 393,387,577 | |||
Foreign Government Obligations(g) 0.1% | ||||
Canada 0.1% | ||||
NOVA Chemicals Corp.(a) | ||||
08/01/2023 | 5.250% | 578,000 | 570,239 | |
United States 0.0% | ||||
Morocco Government AID Bond(b),(e),(f) | ||||
6-month USD LIBOR + 0.000% 05/01/2023 | 0.281% | 255,000 | 251,175 | |
Total Foreign Government Obligations (Cost $829,165) | 821,414 | |||
Residential Mortgage-Backed Securities - Agency 9.6% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Federal Home Loan Mortgage Corp. | ||||
11/01/2021- 01/01/2024 | 5.000% | 54,407 | 57,322 | |
01/01/2023- 10/01/2024 | 4.500% | 36,586 | 38,643 | |
03/01/2025- 04/01/2026 | 4.000% | 26,326 | 27,931 | |
11/01/2025- 07/01/2026 | 3.500% | 8,642 | 9,157 | |
09/01/2035 | 2.000% | 10,230,048 | 10,642,335 | |
Federal Home Loan Mortgage Corp.(b) | ||||
1-year CMT + 2.218% Cap 9.644% 03/01/2034 | 3.640% | 127,178 | 127,603 | |
12-month USD LIBOR + 1.735% Cap 10.860% 07/01/2036 | 2.735% | 1,814 | 1,828 | |
12-month USD LIBOR + 1.709% Cap 11.047% 08/01/2036 | 2.687% | 32,394 | 34,014 | |
12-month USD LIBOR + 1.765% Cap 11.060% 12/01/2036 | 3.730% | 15,220 | 15,268 | |
Federal National Mortgage Association | ||||
03/01/2023 | 5.000% | 1,042 | 1,097 | |
03/01/2024- 06/01/2026 | 4.000% | 30,177 | 31,995 | |
12/01/2025- 09/01/2026 | 3.500% | 8,370 | 8,863 | |
Federal National Mortgage Association(b) | ||||
6-month USD LIBOR + 1.413% Floor 1.413%, Cap 10.038% 07/01/2033 | 2.538% | 23,097 | 23,257 | |
12-month USD LIBOR + 1.485% Floor 1.485%, Cap 11.860% 09/01/2037 | 2.110% | 11,768 | 11,711 | |
Federal National Mortgage Association(c) | ||||
CMO Series 2003-W11 Class A1 | ||||
06/25/2033 | 4.071% | 6,241 | 6,356 | |
Federal National Mortgage Association(h) | ||||
CMO Series G-15 Class A | ||||
06/25/2021 | 0.000% | 1 | 1 | |
Government National Mortgage Association | ||||
09/20/2021 | 6.000% | 2,629 | 2,645 | |
Government National Mortgage Association(b) | ||||
1-year CMT + 1.500% Floor 1.000%, Cap 11.000% 03/20/2030 | 3.000% | 12,892 | 13,434 |
16 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Uniform Mortgage-Backed Security TBA(i) | ||||
10/19/2035 | 2.000% | 55,000,000 | 57,182,813 | |
10/19/2035 | 2.500% | 26,500,000 | 27,671,797 | |
10/19/2035 | 3.000% | 10,000,000 | 10,493,750 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $106,510,299) | 106,401,820 | |||
Residential Mortgage-Backed Securities - Non-Agency 24.4% | ||||
AMRESCO Residential Securities Corp. Mortgage Loan Trust(b) | ||||
CMO Series 1998-3 Class A7 | ||||
1-month USD LIBOR + 0.480% Floor 0.480% 07/25/2028 | 0.628% | 14,774 | 14,661 | |
Angel Oak Mortgage Trust(a),(c) | ||||
CMO Series 2020-6 Class A3 | ||||
05/25/2065 | 1.775% | 1,312,844 | 1,312,849 | |
CMO Series 2020-6 Class M1 | ||||
05/25/2065 | 2.805% | 1,225,000 | 1,224,530 | |
Angel Oak Mortgage Trust I LLC(a),(c) | ||||
CMO Series 2018-3 Class A3 | ||||
09/25/2048 | 3.853% | 1,834,012 | 1,872,868 | |
CMO Series 2019-2 Class A3 | ||||
03/25/2049 | 3.833% | 2,347,844 | 2,388,319 | |
Angel Oak Mortgage Trust LLC(a),(c) | ||||
CMO Series 2017-1 Class A1 | ||||
01/25/2047 | 2.810% | 92,135 | 92,128 | |
Arroyo Mortgage Trust(a),(c) | ||||
CMO Series 2019-1 Class A1 | ||||
01/25/2049 | 3.805% | 5,476,416 | 5,603,237 | |
Bayview Opportunity Master Fund IIIb Trust(a),(c) | ||||
Series 2019-LT2 Class A1 | ||||
10/28/2034 | 3.376% | 912,274 | 913,714 | |
Bayview Opportunity Master Fund IVa Trust(a) | ||||
CMO Series 2016-SPL1 Class A | ||||
04/28/2055 | 4.000% | 1,593,142 | 1,636,211 | |
Bellemeade Re Ltd.(a),(b) | ||||
CMO Series 2019-1A Class M1A | ||||
1-month USD LIBOR + 1.300% Floor 1.300% 03/25/2029 | 1.475% | 222,526 | 222,491 | |
CMO Series 2020-2A Class M1B | ||||
1-month USD LIBOR + 3.200% Floor 3.200% 08/26/2030 | 3.583% | 5,345,000 | 5,344,794 | |
BRAVO Residential Funding Trust(a),(c) | ||||
CMO Series 2020-NQM1 Class A1 | ||||
05/25/2060 | 1.449% | 3,414,361 | 3,408,566 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CIM Trust(a),(b) | ||||
CMO Series 2018-R6 Class A1 | ||||
1-month USD LIBOR + 1.076% Floor 1.080% 09/25/2058 | 1.225% | 7,754,023 | 7,600,378 | |
Cityscape Home Equity Loan Trust(e),(f),(j) | ||||
CMO Series 1997-C Class A3 | ||||
07/25/2028 | 0.000% | 607,537 | 1 | |
COLT 2019-1 Mortgage Loan Trust(a),(c) | ||||
CMO Series 2019-1 Class A3 | ||||
03/25/2049 | 4.012% | 1,961,563 | 1,990,383 | |
CSMC Trust(a),(c) | ||||
CMO Series 2018-RPL9 Class A | ||||
09/25/2057 | 3.850% | 8,818,197 | 9,672,217 | |
CMO Subordinated Series 2020-RPL3 Class A1 | ||||
03/25/2060 | 2.691% | 3,750,000 | 3,749,945 | |
CSMC Trust(a) | ||||
CMO Series 2019-AFC1 Class A1 | ||||
07/25/2049 | 2.573% | 5,805,440 | 5,915,749 | |
CMO Subordinated Series 2020-RPL4 Class A1 | ||||
01/25/2060 | 2.000% | 11,000,000 | 11,352,883 | |
Deephaven Residential Mortgage Trust(a),(c) | ||||
CMO Series 2018-3A Class A3 | ||||
08/25/2058 | 3.963% | 989,692 | 1,001,118 | |
CMO Series 2019-2A Class A3 | ||||
04/25/2059 | 3.763% | 3,254,666 | 3,286,546 | |
Ellington Financial Mortgage Trust(a),(c) | ||||
CMO Series 2018-1 Class A3 | ||||
10/25/2058 | 4.394% | 5,239,480 | 5,365,529 | |
CMO Series 2019-1 Class A3 | ||||
06/25/2059 | 3.241% | 5,145,950 | 5,268,036 | |
GCAT LLC(a),(c) | ||||
CMO Series 2019-3 Class A1 | ||||
10/25/2049 | 3.352% | 1,157,252 | 1,133,040 | |
GCAT LLC(a),(c),(e),(f) | ||||
CMO Series 2020-3 Class A1 | ||||
09/25/2025 | 2.981% | 8,050,000 | 8,050,000 | |
GS Mortgage-Backed Securities Trust(a),(c) | ||||
CMO Series 2020-NQM1 Class A1 | ||||
09/27/2060 | 1.382% | 4,831,577 | 4,824,119 | |
Headlands Residential LLC(a) | ||||
CMO Series 2019-RPL1 | ||||
06/25/2024 | 3.967% | 2,000,000 | 1,968,917 | |
Homeward Opportunities Fund I Trust(a),(c) | ||||
CMO Series 2018-2 Class A1 | ||||
11/25/2058 | 3.985% | 5,598,125 | 5,798,499 | |
CMO Series 2019-1 Class A3 | ||||
01/25/2059 | 3.606% | 3,464,842 | 3,502,014 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 17 |
September 30, 2020 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2019-2 Class A3 | ||||
09/25/2059 | 3.007% | 2,922,775 | 2,943,314 | |
Homeward Opportunities Fund I Trust(a) | ||||
CMO Series 2018-2 Class A3 | ||||
11/25/2058 | 4.239% | 3,417,055 | 3,518,569 | |
Homeward Opportunities Fund Trust(a),(c) | ||||
CMO Series 2020-BPL1 Class A1 | ||||
08/25/2025 | 3.228% | 1,800,000 | 1,800,000 | |
MFA Trust(a),(c) | ||||
CMO Series 2020-NQM1 Class A1 | ||||
08/25/2049 | 1.479% | 4,213,961 | 4,209,775 | |
New Residential Mortgage LLC(a) | ||||
Subordinated CMO Series 2018-FNT1 Class B | ||||
05/25/2023 | 3.910% | 5,001,723 | 4,963,750 | |
New Residential Mortgage Loan Trust(a) | ||||
CMO Series 2018-NQM1 Class A3 | ||||
11/25/2048 | 4.138% | 1,485,341 | 1,520,055 | |
New Residential Mortgage Loan Trust(a),(c) | ||||
CMO Series 2019-NQM2 Class A3 | ||||
04/25/2049 | 3.752% | 2,917,548 | 2,962,622 | |
CMO Series 2019-NQM4 Class A2 | ||||
09/25/2059 | 2.644% | 2,649,811 | 2,668,746 | |
CMO Series 2020-NPL2 Class A1 | ||||
08/25/2060 | 3.228% | 2,224,200 | 2,224,459 | |
Oaktown Re III Ltd.(a),(b) | ||||
CMO Series 2019-1A Class M1A | ||||
1-month USD LIBOR + 1.400% Floor 1.400% 07/25/2029 | 1.548% | 100,817 | 100,710 | |
Oceanview Mortgage Loan Trust(a) | ||||
CMO Series 2020-1 Class A1A | ||||
05/28/2050 | 1.733% | 2,948,759 | 2,949,541 | |
OSAT Trust(a),(c) | ||||
CMO Series 2020-RPL1 Class A1 | ||||
12/26/2059 | 3.072% | 7,708,396 | 7,763,506 | |
Preston Ridge Partners Mortgage LLC(a) | ||||
CMO Series 2019-2A Class A1 | ||||
04/25/2024 | 3.967% | 3,966,630 | 3,999,775 | |
Pretium Mortgage Credit Partners I LLC(a),(c) | ||||
CMO Series 2020-NPL2 Class A1 | ||||
02/27/2060 | 3.721% | 825,875 | 830,096 | |
PRPM LLC(a),(c) | ||||
CMO Series 2019-3A Class A1 | ||||
07/25/2024 | 3.351% | 4,118,707 | 4,109,591 | |
CMO Series 2020-1A Class A1 | ||||
02/25/2025 | 2.981% | 4,081,211 | 4,045,929 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Radnor Re Ltd.(a),(b) | ||||
CMO Series 2020-1 Class M1A | ||||
1-month USD LIBOR + 0.950% Floor 0.950% 02/25/2030 | 1.098% | 2,125,000 | 2,116,296 | |
RCO Trust(a),(c) | ||||
CMO Series 2018-VFS1 Class A1 | ||||
12/26/2053 | 4.270% | 7,680,026 | 7,912,711 | |
RCO V Mortgage LLC(a),(c) | ||||
CMO Series 2018-2 Class A1 | ||||
10/25/2023 | 4.458% | 10,195 | 10,196 | |
RCO V Mortgage LLC(a) | ||||
CMO Series 2019-1 Class A1 | ||||
05/24/2024 | 3.721% | 29,977 | 29,977 | |
Residential Mortgage Loan Trust(a),(c) | ||||
CMO Series 2019-1 Class A3 | ||||
10/25/2058 | 4.242% | 2,414,988 | 2,458,055 | |
Starwood Mortgage Residential Trust(a),(c) | ||||
CMO Series 2018-IMC2 Class A1 | ||||
10/25/2048 | 4.121% | 6,628,161 | 6,786,869 | |
CMO Series 2019-1 Class A3 | ||||
06/25/2049 | 3.299% | 3,537,594 | 3,553,136 | |
CMO Series 2019-INV1 Class A1 | ||||
09/27/2049 | 2.610% | 3,343,793 | 3,372,779 | |
CMO Series 2019-INV1 Class A3 | ||||
09/27/2049 | 2.916% | 1,735,297 | 1,758,626 | |
Toorak Mortgage Corp., Ltd.(a),(c) | ||||
CMO Series 2020-1 Class A1 | ||||
03/25/2023 | 2.734% | 11,600,000 | 11,641,711 | |
Vericrest Opportunity Loan Transferee LXXXIII LLC(a),(c) | ||||
CMO Series 2019-NPL9 Class A1A | ||||
11/26/2049 | 3.327% | 8,684,390 | 8,706,044 | |
Vericrest Opportunity Loan Transferee LXXXV LLC(a),(c) | ||||
CMO Series 2020-NPL1 Class A1A | ||||
01/25/2050 | 3.228% | 2,862,125 | 2,860,389 | |
Vericrest Opportunity Loan Transferee LXXXVII LLC(a),(c) | ||||
CMO Series 2020-NPL3 Class A1A | ||||
02/25/2050 | 2.981% | 8,139,462 | 8,139,456 | |
Vericrest Opportunity Loan Trust(a),(c) | ||||
CMO Series 2019-NPL5 Class A1A | ||||
09/25/2049 | 3.352% | 4,987,728 | 4,991,719 | |
CMO Series 2019-NPL7 Class A1A | ||||
10/25/2049 | 3.179% | 2,961,041 | 2,966,793 | |
CMO Series 2019-NPL8 Class A1A | ||||
11/25/2049 | 3.278% | 3,998,853 | 4,002,461 | |
CMO Series 2020-NPL2 Class A1A | ||||
02/25/2050 | 2.981% | 6,575,072 | 6,575,067 | |
CMO Series 2020-NPL5 Class A1A | ||||
03/25/2050 | 2.982% | 2,144,330 | 2,142,929 |
18 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Verus Securitization Trust(a),(c) | ||||
CMO Series 2017-1A Class A1 | ||||
01/25/2047 | 2.853% | 521,080 | 522,013 | |
CMO Series 2019-1 Class A2 | ||||
02/25/2059 | 3.938% | 3,547,747 | 3,589,876 | |
CMO Series 2019-1 Class A3 | ||||
02/25/2059 | 4.040% | 3,459,053 | 3,493,921 | |
CMO Series 2019-4 Class A3 | ||||
11/25/2059 | 3.000% | 4,488,497 | 4,552,100 | |
CMO Series 2019-INV1 Class A3 | ||||
12/25/2059 | 3.658% | 2,449,384 | 2,506,957 | |
CMO Series 2020-2 Class A1 | ||||
05/25/2060 | 2.743% | 3,212,710 | 3,217,175 | |
CMO Series 2020-NPL1 Class A1 | ||||
08/25/2050 | 3.598% | 4,500,000 | 4,499,609 | |
Verus Securitization Trust(a) | ||||
CMO Series 2018-INV2 Class A2 | ||||
10/25/2058 | 4.401% | 8,910,873 | 9,023,462 | |
Visio Trust(a),(c) | ||||
CMO Series 2019-2 Class A3 | ||||
11/25/2054 | 3.076% | 2,884,536 | 2,946,890 | |
Total Residential Mortgage-Backed Securities - Non-Agency (Cost $267,378,581) | 269,501,397 | |||
U.S. Treasury Obligations 1.0% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury | ||||
03/31/2024 | 2.125% | 10,200,000 | 10,890,891 | |
Total U.S. Treasury Obligations (Cost $10,882,968) | 10,890,891 |
Money Market Funds 2.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.136%(k),(l) | 29,328,059 | 29,325,126 |
Total Money Market Funds (Cost $29,320,497) | 29,325,126 | |
Total Investments in Securities (Cost: $1,198,694,993) | 1,207,885,714 | |
Other Assets & Liabilities, Net | (105,195,796) | |
Net Assets | 1,102,689,918 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 2-Year Note | 630 | 12/2020 | USD | 139,205,391 | 28,398 | — |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 5-Year Note | (130) | 12/2020 | USD | (16,384,063) | 736 | — |
U.S. Treasury 5-Year Note | (420) | 12/2020 | USD | (52,933,125) | — | (13,196) |
Total | 736 | (13,196) |
(a) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At September 30, 2020, the total value of these securities amounted to $740,764,607, which represents 67.18% of total net assets. |
(b) | Variable rate security. The interest rate shown was the current rate as of September 30, 2020. |
(c) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of September 30, 2020. |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 19 |
September 30, 2020 (Unaudited)
(d) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of September 30, 2020. |
(e) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At September 30, 2020, the total value of these securities amounted to $8,301,176, which represents 0.75% of total net assets. |
(f) | Valuation based on significant unobservable inputs. |
(g) | Principal and interest may not be guaranteed by a governmental entity. |
(h) | Represents principal only securities which have the right to receive the principal portion only on an underlying pool of mortgage loans. |
(i) | Represents a security purchased on a when-issued basis. |
(j) | Represents securities that have defaulted on payment of interest. The Fund has stopped accruing interest on these securities. At September 30, 2020, the total value of these securities amounted to $1, which represents less than 0.01% of total net assets. |
(k) | The rate shown is the seven-day current annualized yield at September 30, 2020. |
(l) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended September 30, 2020 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.136% | ||||||||
40,507,850 | 261,137,959 | (272,328,546) | 7,863 | 29,325,126 | 20,461 | 52,982 | 29,328,059 |
AID | Agency for International Development |
CMO | Collateralized Mortgage Obligation |
CMT | Constant Maturity Treasury |
LIBOR | London Interbank Offered Rate |
TBA | To Be Announced |
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
20 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Under the direction of the Fund’s Board of Trustees (the Board), the Investment Manager’s Valuation Committee (the Committee) is responsible for overseeing the valuation procedures approved by the Board. The Committee consists of voting and non-voting members from various groups within the Investment Manager’s organization, including operations and accounting, trading and investments, compliance, risk management and legal.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Asset-Backed Securities — Non-Agency | — | 289,095,646 | — | 289,095,646 |
Commercial Mortgage-Backed Securities - Non-Agency | — | 108,461,843 | — | 108,461,843 |
Corporate Bonds & Notes | — | 393,387,577 | — | 393,387,577 |
Foreign Government Obligations | — | 570,239 | 251,175 | 821,414 |
Residential Mortgage-Backed Securities - Agency | — | 106,401,820 | — | 106,401,820 |
Residential Mortgage-Backed Securities - Non-Agency | — | 261,451,396 | 8,050,001 | 269,501,397 |
U.S. Treasury Obligations | 10,890,891 | — | — | 10,890,891 |
Money Market Funds | 29,325,126 | — | — | 29,325,126 |
Total Investments in Securities | 40,216,017 | 1,159,368,521 | 8,301,176 | 1,207,885,714 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 29,134 | — | — | 29,134 |
Liability | ||||
Futures Contracts | (13,196) | — | — | (13,196) |
Total | 40,231,955 | 1,159,368,521 | 8,301,176 | 1,207,901,652 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 21 |
September 30, 2020 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,169,374,496) | $1,178,560,588 |
Affiliated issuers (cost $29,320,497) | 29,325,126 |
Cash collateral held at broker for: | |
TBA | 262,000 |
Margin deposits on: | |
Futures contracts | 244,250 |
Receivable for: | |
Investments sold | 1,223,580 |
Capital shares sold | 1,316,531 |
Dividends | 3,111 |
Interest | 4,705,004 |
Foreign tax reclaims | 32,594 |
Variation margin for futures contracts | 50,781 |
Expense reimbursement due from Investment Manager | 2,173 |
Prepaid expenses | 5,829 |
Other assets | 34,739 |
Total assets | 1,215,766,306 |
Liabilities | |
Due to custodian | 910 |
Payable for: | |
Investments purchased | 13,702,279 |
Investments purchased on a delayed delivery basis | 95,549,688 |
Capital shares purchased | 1,715,199 |
Distributions to shareholders | 1,721,579 |
Variation margin for futures contracts | 6,562 |
Management services fees | 12,839 |
Distribution and/or service fees | 2,022 |
Transfer agent fees | 55,100 |
Compensation of board members | 254,740 |
Compensation of chief compliance officer | 110 |
Other expenses | 55,360 |
Total liabilities | 113,076,388 |
Net assets applicable to outstanding capital stock | $1,102,689,918 |
Represented by | |
Paid in capital | 1,104,099,862 |
Total distributable earnings (loss) | (1,409,944) |
Total - representing net assets applicable to outstanding capital stock | $1,102,689,918 |
22 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Class A | |
Net assets | $232,502,315 |
Shares outstanding | 23,155,877 |
Net asset value per share | $10.04 |
Maximum sales charge | 1.00% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $10.14 |
Advisor Class | |
Net assets | $7,904,788 |
Shares outstanding | 788,228 |
Net asset value per share | $10.03 |
Class C | |
Net assets | $19,346,320 |
Shares outstanding | 1,931,330 |
Net asset value per share | $10.02 |
Institutional Class | |
Net assets | $196,162,469 |
Shares outstanding | 19,565,372 |
Net asset value per share | $10.03 |
Institutional 2 Class | |
Net assets | $25,384,559 |
Shares outstanding | 2,535,018 |
Net asset value per share | $10.01 |
Institutional 3 Class | |
Net assets | $620,348,174 |
Shares outstanding | 61,906,836 |
Net asset value per share | $10.02 |
Class R | |
Net assets | $1,041,293 |
Shares outstanding | 103,737 |
Net asset value per share | $10.04 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 23 |
Six Months Ended September 30, 2020 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $52,982 |
Interest | 14,264,596 |
Total income | 14,317,578 |
Expenses: | |
Management services fees | 2,211,998 |
Distribution and/or service fees | |
Class A | 281,731 |
Class C | 103,490 |
Class R | 2,973 |
Transfer agent fees | |
Class A | 160,096 |
Advisor Class | 5,380 |
Class C | 14,705 |
Institutional Class | 124,006 |
Institutional 2 Class | 6,397 |
Institutional 3 Class | 22,857 |
Class R | 845 |
Compensation of board members | 35,893 |
Custodian fees | 8,632 |
Printing and postage fees | 33,256 |
Registration fees | 60,052 |
Audit fees | 19,804 |
Legal fees | 10,706 |
Compensation of chief compliance officer | 109 |
Other | 12,590 |
Total expenses | 3,115,520 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (419,339) |
Fees waived by distributor | |
Class C | (16,361) |
Total net expenses | 2,679,820 |
Net investment income | 11,637,758 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 7,279,821 |
Investments — affiliated issuers | 20,461 |
Futures contracts | 721,594 |
Net realized gain | 8,021,876 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 63,143,519 |
Investments — affiliated issuers | 7,863 |
Futures contracts | (910,765) |
Net change in unrealized appreciation (depreciation) | 62,240,617 |
Net realized and unrealized gain | 70,262,493 |
Net increase in net assets resulting from operations | $81,900,251 |
24 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
Six Months Ended September 30, 2020 (Unaudited) | Year Ended March 31, 2020 | |
Operations | ||
Net investment income | $11,637,758 | $32,690,692 |
Net realized gain | 8,021,876 | 4,497,994 |
Net change in unrealized appreciation (depreciation) | 62,240,617 | (59,758,102) |
Net increase (decrease) in net assets resulting from operations | 81,900,251 | (22,569,416) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (2,379,459) | (7,494,007) |
Advisor Class | (89,074) | (258,397) |
Class C | (158,954) | (624,917) |
Institutional Class | (2,066,779) | (7,994,670) |
Institutional 2 Class | (269,624) | (832,513) |
Institutional 3 Class | (7,285,439) | (23,202,902) |
Class R | (11,264) | (73,776) |
Total distributions to shareholders | (12,260,593) | (40,481,182) |
Increase (decrease) in net assets from capital stock activity | 82,592,641 | (289,905,816) |
Total increase (decrease) in net assets | 152,232,299 | (352,956,414) |
Net assets at beginning of period | 950,457,619 | 1,303,414,033 |
Net assets at end of period | $1,102,689,918 | $950,457,619 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 25 |
Six Months Ended | Year Ended | |||
September 30, 2020 (Unaudited) | March 31, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 3,110,463 | 30,759,419 | 6,401,753 | 63,915,902 |
Distributions reinvested | 218,450 | 2,155,615 | 683,379 | 6,826,996 |
Redemptions | (3,242,000) | (31,944,693) | (6,759,062) | (67,335,448) |
Net increase | 86,913 | 970,341 | 326,070 | 3,407,450 |
Advisor Class | ||||
Subscriptions | 123,018 | 1,202,735 | 592,990 | 5,951,398 |
Distributions reinvested | 8,681 | 85,644 | 24,781 | 247,219 |
Redemptions | (102,062) | (987,449) | (596,178) | (5,938,980) |
Net increase | 29,637 | 300,930 | 21,593 | 259,637 |
Class C | ||||
Subscriptions | 345,298 | 3,389,831 | 1,083,024 | 10,764,222 |
Distributions reinvested | 14,329 | 140,943 | 48,339 | 481,967 |
Redemptions | (690,458) | (6,796,859) | (1,593,293) | (15,852,511) |
Net decrease | (330,831) | (3,266,085) | (461,930) | (4,606,322) |
Institutional Class | ||||
Subscriptions | 6,784,515 | 66,949,382 | 13,487,201 | 134,893,664 |
Distributions reinvested | 178,144 | 1,755,600 | 687,956 | 6,868,636 |
Redemptions | (5,283,201) | (51,912,050) | (26,744,551) | (267,363,131) |
Net increase (decrease) | 1,679,458 | 16,792,932 | (12,569,394) | (125,600,831) |
Institutional 2 Class | ||||
Subscriptions | 759,726 | 7,517,476 | 1,457,642 | 14,573,417 |
Distributions reinvested | 27,365 | 269,613 | 83,528 | 832,113 |
Redemptions | (649,946) | (6,273,745) | (975,336) | (9,687,688) |
Net increase | 137,145 | 1,513,344 | 565,834 | 5,717,842 |
Institutional 3 Class | ||||
Subscriptions | 12,407,738 | 120,573,109 | 11,351,889 | 113,370,530 |
Distributions reinvested | 306,375 | 3,021,731 | 888,502 | 8,858,938 |
Redemptions | (5,757,303) | (56,300,955) | (29,387,467) | (290,861,867) |
Net increase (decrease) | 6,956,810 | 67,293,885 | (17,147,076) | (168,632,399) |
Class R | ||||
Subscriptions | 6,608 | 65,138 | 74,712 | 748,326 |
Distributions reinvested | 923 | 9,102 | 3,310 | 33,090 |
Redemptions | (113,495) | (1,086,946) | (123,714) | (1,232,609) |
Net decrease | (105,964) | (1,012,706) | (45,692) | (451,193) |
Total net increase (decrease) | 8,453,168 | 82,592,641 | (29,310,595) | (289,905,816) |
26 | Columbia Short Term Bond 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 | Total distributions to shareholders | |
Class A | ||||||
Six Months Ended 9/30/2020 (Unaudited) | $9.37 | 0.10 | 0.67 | 0.77 | (0.10) | (0.10) |
Year Ended 3/31/2020 | $9.98 | 0.26 | (0.54) | (0.28) | (0.33) | (0.33) |
Year Ended 3/31/2019 | $9.88 | 0.20 | 0.05 | 0.25 | (0.15) | (0.15) |
Year Ended 3/31/2018 | $9.98 | 0.11 | (0.09) | 0.02 | (0.12) | (0.12) |
Year Ended 3/31/2017 | $9.97 | 0.08 | 0.01 | 0.09 | (0.08) | (0.08) |
Year Ended 3/31/2016 | $9.98 | 0.06 | (0.02) | 0.04 | (0.05) | (0.05) |
Advisor Class | ||||||
Six Months Ended 9/30/2020 (Unaudited) | $9.36 | 0.11 | 0.68 | 0.79 | (0.12) | (0.12) |
Year Ended 3/31/2020 | $9.96 | 0.29 | (0.53) | (0.24) | (0.36) | (0.36) |
Year Ended 3/31/2019 | $9.87 | 0.23 | 0.03 | 0.26 | (0.17) | (0.17) |
Year Ended 3/31/2018 | $9.97 | 0.13 | (0.09) | 0.04 | (0.14) | (0.14) |
Year Ended 3/31/2017 | $9.96 | 0.11 | 0.00(e) | 0.11 | (0.10) | (0.10) |
Year Ended 3/31/2016 | $9.97 | 0.08 | (0.01) | 0.07 | (0.08) | (0.08) |
Class C | ||||||
Six Months Ended 9/30/2020 (Unaudited) | $9.35 | 0.07 | 0.67 | 0.74 | (0.07) | (0.07) |
Year Ended 3/31/2020 | $9.96 | 0.20 | (0.54) | (0.34) | (0.27) | (0.27) |
Year Ended 3/31/2019 | $9.86 | 0.14 | 0.05 | 0.19 | (0.09) | (0.09) |
Year Ended 3/31/2018 | $9.96 | 0.05 | (0.09) | (0.04) | (0.06) | (0.06) |
Year Ended 3/31/2017 | $9.95 | 0.02 | 0.01 | 0.03 | (0.02) | (0.02) |
Year Ended 3/31/2016 | $9.97 | (0.00)(e) | (0.02) | (0.02) | (0.00)(e) | (0.00)(e) |
Institutional Class | ||||||
Six Months Ended 9/30/2020 (Unaudited) | $9.36 | 0.11 | 0.68 | 0.79 | (0.12) | (0.12) |
Year Ended 3/31/2020 | $9.96 | 0.29 | (0.53) | (0.24) | (0.36) | (0.36) |
Year Ended 3/31/2019 | $9.86 | 0.24 | 0.03 | 0.27 | (0.17) | (0.17) |
Year Ended 3/31/2018 | $9.97 | 0.12 | (0.09) | 0.03 | (0.14) | (0.14) |
Year Ended 3/31/2017 | $9.95 | 0.11 | 0.01 | 0.12 | (0.10) | (0.10) |
Year Ended 3/31/2016 | $9.96 | 0.08 | (0.02) | 0.06 | (0.07) | (0.07) |
Institutional 2 Class | ||||||
Six Months Ended 9/30/2020 (Unaudited) | $9.35 | 0.11 | 0.67 | 0.78 | (0.12) | (0.12) |
Year Ended 3/31/2020 | $9.95 | 0.29 | (0.52) | (0.23) | (0.37) | (0.37) |
Year Ended 3/31/2019 | $9.85 | 0.22 | 0.06 | 0.28 | (0.18) | (0.18) |
Year Ended 3/31/2018 | $9.96 | 0.14 | (0.10) | 0.04 | (0.15) | (0.15) |
Year Ended 3/31/2017 | $9.95 | 0.12 | 0.00(e) | 0.12 | (0.11) | (0.11) |
Year Ended 3/31/2016 | $9.96 | 0.09 | (0.01) | 0.08 | (0.09) | (0.09) |
28 | Columbia Short Term Bond 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 9/30/2020 (Unaudited) | $10.04 | 8.28% | 0.85%(c) | 0.77%(c) | 1.99%(c) | 76% | $232,502 |
Year Ended 3/31/2020 | $9.37 | (2.94%) | 0.85% | 0.78%(d) | 2.61% | 169% | $216,266 |
Year Ended 3/31/2019 | $9.98 | 2.55% | 0.86% | 0.80%(d) | 2.02% | 154% | $226,907 |
Year Ended 3/31/2018 | $9.88 | 0.15% | 0.86% | 0.80%(d) | 1.06% | 86% | $242,170 |
Year Ended 3/31/2017 | $9.98 | 0.90% | 0.88% | 0.80%(d) | 0.82% | 68% | $290,277 |
Year Ended 3/31/2016 | $9.97 | 0.41% | 0.89% | 0.80%(d) | 0.58% | 73% | $371,442 |
Advisor Class | |||||||
Six Months Ended 9/30/2020 (Unaudited) | $10.03 | 8.43% | 0.60%(c) | 0.52%(c) | 2.23%(c) | 76% | $7,905 |
Year Ended 3/31/2020 | $9.36 | (2.60%) | 0.60% | 0.53%(d) | 2.87% | 169% | $7,103 |
Year Ended 3/31/2019 | $9.96 | 2.71% | 0.61% | 0.55%(d) | 2.30% | 154% | $7,344 |
Year Ended 3/31/2018 | $9.87 | 0.40% | 0.60% | 0.55%(d) | 1.31% | 86% | $7,420 |
Year Ended 3/31/2017 | $9.97 | 1.16% | 0.63% | 0.55%(d) | 1.07% | 68% | $9,760 |
Year Ended 3/31/2016 | $9.96 | 0.66% | 0.64% | 0.55%(d) | 0.82% | 73% | $10,494 |
Class C | |||||||
Six Months Ended 9/30/2020 (Unaudited) | $10.02 | 7.98% | 1.60%(c) | 1.36%(c) | 1.40%(c) | 76% | $19,346 |
Year Ended 3/31/2020 | $9.35 | (3.53%) | 1.60% | 1.38%(d) | 2.02% | 169% | $21,157 |
Year Ended 3/31/2019 | $9.96 | 1.94% | 1.61% | 1.40%(d) | 1.38% | 154% | $27,118 |
Year Ended 3/31/2018 | $9.86 | (0.45%) | 1.61% | 1.40%(d) | 0.46% | 86% | $42,010 |
Year Ended 3/31/2017 | $9.96 | 0.33% | 1.62% | 1.40%(d) | 0.22% | 68% | $59,183 |
Year Ended 3/31/2016 | $9.95 | (0.19%) | 1.64% | 1.40%(d) | (0.02%) | 73% | $72,602 |
Institutional Class | |||||||
Six Months Ended 9/30/2020 (Unaudited) | $10.03 | 8.43% | 0.60%(c) | 0.52%(c) | 2.24%(c) | 76% | $196,162 |
Year Ended 3/31/2020 | $9.36 | (2.60%) | 0.60% | 0.53%(d) | 2.87% | 169% | $167,429 |
Year Ended 3/31/2019 | $9.96 | 2.81% | 0.61% | 0.55%(d) | 2.40% | 154% | $303,373 |
Year Ended 3/31/2018 | $9.86 | 0.29% | 0.61% | 0.55%(d) | 1.23% | 86% | $194,236 |
Year Ended 3/31/2017 | $9.97 | 1.26% | 0.63% | 0.55%(d) | 1.07% | 68% | $985,868 |
Year Ended 3/31/2016 | $9.95 | 0.66% | 0.64% | 0.55%(d) | 0.82% | 73% | $1,093,664 |
Institutional 2 Class | |||||||
Six Months Ended 9/30/2020 (Unaudited) | $10.01 | 8.37% | 0.52%(c) | 0.44%(c) | 2.31%(c) | 76% | $25,385 |
Year Ended 3/31/2020 | $9.35 | (2.52%) | 0.51% | 0.44% | 2.94% | 169% | $22,420 |
Year Ended 3/31/2019 | $9.95 | 2.91% | 0.51% | 0.46% | 2.27% | 154% | $18,228 |
Year Ended 3/31/2018 | $9.85 | 0.39% | 0.51% | 0.46% | 1.44% | 86% | $30,580 |
Year Ended 3/31/2017 | $9.96 | 1.25% | 0.50% | 0.45% | 1.16% | 68% | $17,167 |
Year Ended 3/31/2016 | $9.95 | 0.76% | 0.49% | 0.44% | 0.89% | 73% | $14,242 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 29 |
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 | Total distributions to shareholders | |
Institutional 3 Class | ||||||
Six Months Ended 9/30/2020 (Unaudited) | $9.36 | 0.12 | 0.66 | 0.78 | (0.12) | (0.12) |
Year Ended 3/31/2020 | $9.96 | 0.30 | (0.53) | (0.23) | (0.37) | (0.37) |
Year Ended 3/31/2019 | $9.86 | 0.24 | 0.05 | 0.29 | (0.19) | (0.19) |
Year Ended 3/31/2018 | $9.96 | 0.15 | (0.10) | 0.05 | (0.15) | (0.15) |
Year Ended 3/31/2017 | $9.95 | 0.13 | 0.00(e) | 0.13 | (0.12) | (0.12) |
Year Ended 3/31/2016 | $9.96 | 0.09 | (0.01) | 0.08 | (0.09) | (0.09) |
Class R | ||||||
Six Months Ended 9/30/2020 (Unaudited) | $9.37 | 0.09 | 0.67 | 0.76 | (0.09) | (0.09) |
Year Ended 3/31/2020 | $9.98 | 0.24 | (0.54) | (0.30) | (0.31) | (0.31) |
Year Ended 3/31/2019 | $9.88 | 0.18 | 0.05 | 0.23 | (0.13) | (0.13) |
Year Ended 3/31/2018 | $9.99 | 0.08 | (0.10) | (0.02) | (0.09) | (0.09) |
Year Ended 3/31/2017 | $9.97 | 0.06 | 0.02 | 0.08 | (0.06) | (0.06) |
Year Ended 3/31/2016 | $9.98 | 0.03 | (0.01) | 0.02 | (0.03) | (0.03) |
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. |
30 | Columbia Short Term Bond 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 9/30/2020 (Unaudited) | $10.02 | 8.39% | 0.47%(c) | 0.39%(c) | 2.37%(c) | 76% | $620,348 |
Year Ended 3/31/2020 | $9.36 | (2.47%) | 0.46% | 0.39% | 3.00% | 169% | $514,116 |
Year Ended 3/31/2019 | $9.96 | 2.96% | 0.46% | 0.41% | 2.41% | 154% | $717,896 |
Year Ended 3/31/2018 | $9.86 | 0.54% | 0.46% | 0.41% | 1.50% | 86% | $771,726 |
Year Ended 3/31/2017 | $9.96 | 1.30% | 0.45% | 0.40% | 1.28% | 68% | $394,827 |
Year Ended 3/31/2016 | $9.95 | 0.81% | 0.44% | 0.40% | 0.88% | 73% | $7,030 |
Class R | |||||||
Six Months Ended 9/30/2020 (Unaudited) | $10.04 | 8.15% | 1.09%(c) | 1.02%(c) | 1.75%(c) | 76% | $1,041 |
Year Ended 3/31/2020 | $9.37 | (3.18%) | 1.10% | 1.03%(d) | 2.37% | 169% | $1,966 |
Year Ended 3/31/2019 | $9.98 | 2.30% | 1.11% | 1.05%(d) | 1.78% | 154% | $2,549 |
Year Ended 3/31/2018 | $9.88 | (0.20%) | 1.10% | 1.05%(d) | 0.81% | 86% | $2,535 |
Year Ended 3/31/2017 | $9.99 | 0.75% | 1.12% | 1.05%(d) | 0.56% | 68% | $3,490 |
Year Ended 3/31/2016 | $9.97 | 0.16% | 1.14% | 1.05%(d) | 0.32% | 73% | $3,380 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 31 |
September 30, 2020 (Unaudited)
32 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Columbia Short Term Bond Fund | Semiannual Report 2020 | 33 |
September 30, 2020 (Unaudited)
34 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 29,134* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 13,196* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | 721,594 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | (910,765) |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 145,236,329 |
Futures contracts — short | 61,378,809 |
* | Based on the ending quarterly outstanding amounts for the six months ended September 30, 2020. |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 35 |
September 30, 2020 (Unaudited)
36 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Columbia Short Term Bond Fund | Semiannual Report 2020 | 37 |
September 30, 2020 (Unaudited)
38 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 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 |
Class R | 0.14 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 1.00 | 0.50 - 1.00(a) | 101,706 |
Class C | — | 1.00(b) | 2,120 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 39 |
September 30, 2020 (Unaudited)
August 1, 2020 through July 31, 2021 | Prior to August 1, 2020 | |
Class A | 0.77% | 0.79% |
Advisor Class | 0.52 | 0.54 |
Class C | 1.52* | 1.54 |
Institutional Class | 0.52 | 0.54 |
Institutional 2 Class | 0.44 | 0.44 |
Institutional 3 Class | 0.39 | 0.39 |
Class R | 1.02 | 1.04 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,198,695,000 | 17,346,000 | (8,139,000) | 9,207,000 |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(1,169,689) | (12,198,087) | (13,367,776) |
40 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Columbia Short Term Bond Fund | Semiannual Report 2020 | 41 |
September 30, 2020 (Unaudited)
42 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
September 30, 2020 (Unaudited)
Columbia Short Term Bond Fund | Semiannual Report 2020 | 43 |
September 30, 2020 (Unaudited)
44 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
Columbia Short Term Bond Fund | Semiannual Report 2020 | 45 |
The Board also discussed the acceptability of the terms of the Management Agreement (including the relatively broad scope of services required to be performed by Columbia Threadneedle), noting that no material changes are proposed from the form of agreement previously approved. They also noted the wide array of legal and compliance services provided to the Funds under the Management Agreement. It was observed that the services being performed under the Management Agreement were of a reasonable quality.
46 | Columbia Short Term Bond Fund | Semiannual Report 2020 |
Economies of scale to be realized
Columbia Short Term Bond Fund | Semiannual Report 2020 | 47 |
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 |
| November 20, 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 |
| November 20, 2020 |
|
By (Signature and Title) | /s/ Michael G. Clarke | ||
|
| Michael G. Clarke, Chief Financial Officer, Principal Financial Officer | |
|
| and Senior Vice President | |
Date |
| November 20, 2020 |
|
By (Signature and Title) | /s/ Joseph Beranek | ||
|
| Joseph Beranek, Treasurer, Chief Accounting Officer and Principal | |
|
| Financial Officer | |
Date |
| November 20, 2020 |
|