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 28
Date of reporting period: February 28, 2021
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.
February 28, 2021
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41 |
Average annual total returns (%) (for the period ended February 28, 2021) | |||||
Inception | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 09/25/87 | 58.37 | 22.33 | 12.71 |
Including sales charges | 49.25 | 20.89 | 12.04 | ||
Advisor Class* | 11/08/12 | 58.75 | 22.64 | 12.95 | |
Class C | Excluding sales charges | 10/21/96 | 57.20 | 21.42 | 11.86 |
Including sales charges | 56.20 | 21.42 | 11.86 | ||
Institutional Class | 05/21/99 | 58.81 | 22.63 | 12.99 | |
Institutional 2 Class* | 11/08/12 | 58.89 | 22.72 | 13.03 | |
Institutional 3 Class* | 10/01/14 | 58.95 | 22.78 | 12.98 | |
Class R* | 11/16/11 | 58.04 | 22.02 | 12.42 | |
ICE BofA All Convertibles All Qualities Index | 55.43 | 20.65 | 12.76 |
* | 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 | Annual Report 2021 | 3 |
Portfolio breakdown (%) (at February 28, 2021) | |
Common Stocks | 2.8 |
Convertible Bonds | 80.4 |
Convertible Preferred Stocks | 15.4 |
Money Market Funds | 1.4 |
Warrants | 0.0(a) |
Total | 100.0 |
(a) | Rounds to zero. |
Equity sector breakdown (%) (at February 28, 2021) | |
Communication Services | 5.3 |
Consumer Discretionary | 7.7 |
Consumer Staples | 2.3 |
Energy | 3.8 |
Financials | 3.9 |
Health Care | 22.2 |
Industrials | 4.1 |
Information Technology | 19.7 |
Materials | 2.8 |
Real Estate | 2.4 |
Utilities | 25.8 |
Total | 100.0 |
4 | Columbia Convertible Securities Fund | Annual Report 2021 |
• | The Fund’s strong broad-based security selection across a number of sectors drove its solid performance over the period. |
• | Within consumer discretionary, the Fund’s position in Tesla made a substantial contribution to absolute returns. While the Fund held a sizable position in Tesla, it was less than the benchmark’s weight, which hurt relative results to some degree. |
• | Several information technology holdings contributed sizably to Fund performance: |
○ | Mobile payments provider Square, Inc. recovered from concerns earlier in the period that its business would be hurt by COVID-19. Square’s Cash App saw accelerated user growth in 2020 as consumers moved to adopt contactless payments in the wake of the pandemic. |
○ | Business software company DocuSign, Inc., which facilitates the execution of contracts online with its eSignature electronic signing service, enjoyed robust demand as corporate demand for digital strategies skyrocketed in the work-from-home environment brought on by COVID-19. |
○ | Twilio, Inc., a software company that develops platforms for communications to help clients add voice, video and messaging to their applications saw a boost from the COVID-19 environment. |
○ | Microchip Technology, in the semiconductor space, advanced through high growth drivers. Additionally, the company has been paying down its debt. |
• | Within the health care sector, health care equipment company DexCom, Inc., which provides a constant glucose monitoring system for diabetes management and vaccine contender Novavax, Inc. were standouts during the period for the Fund. |
Columbia Convertible Securities Fund | Annual Report 2021 | 5 |
• | In the communication services sector, shares of online real estate marketplace Zillow Group, Inc. and social media company Snap, Inc., rallied, aiding Fund results. |
• | Within convertible securities, the consumer staples, energy and financials sectors were the largest areas of detraction for the Fund. |
• | Nabors Industries, an oil and gas drilling contractor, was hurt by concerns that it would be unable to survive the broader downturn in the energy sector. We chose to eliminate the Fund’s position. |
• | Banking giant Bank of America struggled early in the period as financials were hard hit by low lending rates. We sold the Fund’s position. |
• | In the industrials sector, machinery company Colfax Corp., saw its medical device arm suffer from a cessation in non-essential medical procedures earlier in the period as focus was shifted to treating COVID-19 patients. We sold the Fund’s position in Colfax early in the period |
• | Luckin Coffee, a China-based coffee and coffeehouse company, saw its convertibles lose more than 70% as the company was plagued by an accounting scandal for which its CEO was fired and the NASDAQ delisted its stock. We sold the position in Luckin Coffee in the second quarter of 2020. |
6 | Columbia Convertible Securities Fund | Annual Report 2021 |
(Unaudited)
September 1, 2020 — February 28, 2021 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,248.30 | 1,019.03 | 6.17 | 5.54 | 1.12 |
Advisor Class | 1,000.00 | 1,000.00 | 1,249.90 | 1,020.25 | 4.80 | 4.31 | 0.87 |
Class C | 1,000.00 | 1,000.00 | 1,243.60 | 1,015.35 | 10.29 | 9.24 | 1.87 |
Institutional Class | 1,000.00 | 1,000.00 | 1,249.60 | 1,020.25 | 4.80 | 4.31 | 0.87 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,250.30 | 1,020.55 | 4.47 | 4.01 | 0.81 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,250.50 | 1,020.74 | 4.25 | 3.82 | 0.77 |
Class R | 1,000.00 | 1,000.00 | 1,246.60 | 1,017.80 | 7.55 | 6.78 | 1.37 |
Columbia Convertible Securities Fund | Annual Report 2021 | 7 |
February 28, 2021
Common Stocks 2.9% | ||
Issuer | Shares | Value ($) |
Energy 0.7% | ||
Oil, Gas & Consumable Fuels 0.7% | ||
Ascent Resources, Class B(a),(b),(c),(d) | 10,248,729 | 2,295,715 |
Chesapeake Energy Corp.(b) | 3,990 | 176,278 |
Pioneer Natural Resources Co. | 110,000 | 16,342,700 |
Total | 18,814,693 | |
Total Energy | 18,814,693 | |
Information Technology 2.2% | ||
Semiconductors & Semiconductor Equipment 1.8% | ||
Broadcom, Inc. | 100,000 | 46,987,000 |
Software 0.4% | ||
NortonLifeLock, Inc. | 600,000 | 11,706,000 |
Total Information Technology | 58,693,000 | |
Total Common Stocks (Cost $48,403,326) | 77,507,693 |
Convertible Bonds(e) 81.5% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Airlines 2.0% | ||||
Air Canada(f) | ||||
07/01/2025 | 4.000% | 10,500,000 | 16,327,500 | |
Southwest Airlines Co. | ||||
05/01/2025 | 1.250% | 23,000,000 | 38,668,750 | |
Total | 54,996,250 | |||
Automotive 3.2% | ||||
Tesla, Inc. | ||||
05/15/2024 | 2.000% | 8,000,000 | 86,940,000 | |
Cable and Satellite 2.7% | ||||
DISH Network Corp. | ||||
08/15/2026 | 3.375% | 36,000,000 | 33,851,766 | |
Liberty Broadband Corp.(f) | ||||
09/30/2050 | 2.750% | 37,000,000 | 38,371,821 | |
Total | 72,223,587 | |||
Consumer Cyclical Services 7.8% | ||||
Alarm.com Holdings, Inc.(f),(g) | ||||
01/15/2026 | 0.000% | 13,000,000 | 12,574,377 | |
Etsy, Inc. | ||||
10/01/2026 | 0.125% | 8,000,000 | 20,543,175 |
Convertible Bonds(e) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Farfetch Ltd.(f) | ||||
05/01/2027 | 3.750% | 3,000,000 | 12,569,447 | |
Fiverr International Ltd.(f),(g) | ||||
11/01/2025 | 0.000% | 10,000,000 | 14,869,000 | |
Lyft, Inc.(f) | ||||
05/15/2025 | 1.500% | 16,500,000 | 26,698,573 | |
Match Group FinanceCo 3, Inc.(f) | ||||
01/15/2030 | 2.000% | 19,000,000 | 37,141,800 | |
Peloton Interactive, Inc.(f),(g) | ||||
02/15/2026 | 0.000% | 12,000,000 | 11,872,680 | |
Uber Technologies, Inc.(f),(g) | ||||
12/15/2025 | 0.000% | 12,000,000 | 12,576,708 | |
Zillow Group, Inc. | ||||
05/15/2025 | 2.750% | 24,500,000 | 61,640,793 | |
Total | 210,486,553 | |||
Consumer Products 1.2% | ||||
Callaway Golf Co.(f) | ||||
05/01/2026 | 2.750% | 8,000,000 | 14,242,328 | |
Winnebago Industries, Inc. | ||||
04/01/2025 | 1.500% | 14,000,000 | 18,548,481 | |
Total | 32,790,809 | |||
Diversified Manufacturing 2.3% | ||||
Bloom Energy Corp.(f) | ||||
08/15/2025 | 2.500% | 7,500,000 | 14,423,183 | |
Enphase Energy, Inc.(f),(g),(h) | ||||
03/01/2026 | 0.000% | 30,000,000 | 29,365,050 | |
SolarEdge Technologies, Inc.(f),(g) | ||||
09/15/2025 | 0.000% | 12,500,000 | 17,303,442 | |
Total | 61,091,675 | |||
Electric 0.7% | ||||
Sunrun, Inc.(f),(g) | ||||
02/01/2026 | 0.000% | 20,000,000 | 19,538,000 | |
Finance Companies 0.5% | ||||
LendingTree, Inc. | ||||
06/01/2022 | 0.625% | 9,000,000 | 12,396,392 | |
Food and Beverage 0.6% | ||||
Chefs’ Warehouse, Inc. (The) | ||||
12/01/2024 | 1.875% | 12,000,000 | 12,660,437 | |
Chefs’ Warehouse, Inc. (The)(f),(h) | ||||
12/01/2024 | 1.875% | 2,000,000 | 2,047,480 | |
Total | 14,707,917 |
8 | Columbia Convertible Securities Fund | Annual Report 2021 |
February 28, 2021
Convertible Bonds(e) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Health Care 7.0% | ||||
CONMED Corp. | ||||
02/01/2024 | 2.625% | 10,000,000 | 14,947,426 | |
DexCom, Inc. | ||||
12/01/2023 | 0.750% | 8,000,000 | 19,586,589 | |
Exact Sciences Corp. | ||||
03/01/2028 | 0.375% | 30,000,000 | 39,993,909 | |
Insulet Corp. | ||||
11/15/2024 | 1.375% | 5,000,000 | 14,027,050 | |
Invacare Corp. | ||||
11/15/2024 | 5.000% | 2,857,000 | 2,688,838 | |
NeoGenomics, Inc. | ||||
01/15/2028 | 0.250% | 12,000,000 | 12,810,093 | |
Novavax, Inc. | ||||
02/01/2023 | 3.750% | 5,300,000 | 10,382,965 | |
Repligen Corp. | ||||
07/15/2024 | 0.375% | 6,500,000 | 12,483,097 | |
Tandem Diabetes Care, Inc.(f) | ||||
05/01/2025 | 1.500% | 11,000,000 | 13,087,807 | |
Teladoc Health, Inc.(f) | ||||
06/01/2027 | 1.250% | 38,000,000 | 49,146,700 | |
Total | 189,154,474 | |||
Home Construction 0.4% | ||||
SunPower Corp. | ||||
01/15/2023 | 4.000% | 6,000,000 | 9,896,778 | |
Independent Energy 0.5% | ||||
Chesapeake Energy Escrow(a),(d) | ||||
09/15/2026 | 0.000% | 10,200,000 | 0 | |
EQT CORP(f) | ||||
05/01/2026 | 1.750% | 10,000,000 | 14,665,929 | |
Total | 14,665,929 | |||
Leisure 3.5% | ||||
NCL Corp., Ltd.(f) | ||||
08/01/2025 | 5.375% | 24,000,000 | 44,608,008 | |
Royal Caribbean Cruises Ltd(f) | ||||
06/15/2023 | 4.250% | 32,500,000 | 49,324,663 | |
Total | 93,932,671 | |||
Life Insurance 0.2% | ||||
AXA SA(f) | ||||
05/15/2021 | 7.250% | 5,000,000 | 6,441,950 | |
Media and Entertainment 3.2% | ||||
Sea Ltd.(f) | ||||
12/01/2025 | 2.375% | 5,000,000 | 13,432,340 |
Convertible Bonds(e) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Snap, Inc.(d) | ||||
08/01/2026 | 0.750% | 18,000,000 | 52,740,000 | |
Zynga, Inc.(f),(g) | ||||
12/15/2026 | 0.000% | 18,000,000 | 20,861,046 | |
Total | 87,033,386 | |||
Metals and Mining 1.0% | ||||
Allegheny Technologies, Inc.(f) | ||||
06/15/2025 | 3.500% | 9,000,000 | 13,712,996 | |
Livent Corp.(f) | ||||
07/15/2025 | 4.125% | 6,000,000 | 13,971,327 | |
Total | 27,684,323 | |||
Other Financial Institutions 0.5% | ||||
Repay Holdings Corp.(f),(g) | ||||
02/01/2026 | 0.000% | 14,000,000 | 13,805,260 | |
Other Industry 1.9% | ||||
Chegg, Inc. | ||||
03/15/2025 | 0.125% | 13,000,000 | 25,413,787 | |
K12, Inc.(f) | ||||
09/01/2027 | 1.125% | 14,000,000 | 12,323,008 | |
KBR, Inc. | ||||
11/01/2023 | 2.500% | 10,000,000 | 13,615,573 | |
Total | 51,352,368 | |||
Other REIT 0.6% | ||||
Pebblebrook Hotel Trust | ||||
12/15/2026 | 1.750% | 13,000,000 | 14,942,590 | |
Pharmaceuticals 7.5% | ||||
Aerie Pharmaceuticals, Inc. | ||||
10/01/2024 | 1.500% | 14,000,000 | 14,891,800 | |
Apellis Pharmaceuticals, Inc. | ||||
09/15/2026 | 3.500% | 8,000,000 | 12,284,252 | |
BioMarin Pharmaceutical, Inc.(f) | ||||
05/15/2027 | 1.250% | 17,000,000 | 17,339,111 | |
Bridgebio Pharma, Inc.(f) | ||||
02/01/2029 | 2.250% | 15,000,000 | 15,653,580 | |
Canopy Growth Corp.(f) | ||||
07/15/2023 | 4.250% | CAD | 13,000,000 | 12,066,832 |
Clovis Oncology, Inc. | ||||
05/01/2025 | 1.250% | 21,000,000 | 16,091,250 | |
Coherus Biosciences, Inc.(f) | ||||
04/15/2026 | 1.500% | 10,000,000 | 11,355,056 | |
Esperion Therapeutics, Inc.(f) | ||||
11/15/2025 | 4.000% | 12,500,000 | 12,510,000 |
Columbia Convertible Securities Fund | Annual Report 2021 | 9 |
February 28, 2021
Convertible Bonds(e) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Halozyme Therapeutics, Inc. | ||||
12/01/2024 | 1.250% | 6,500,000 | 12,766,361 | |
Halozyme Therapeutics, Inc.(f),(h) | ||||
03/01/2027 | 0.250% | 8,500,000 | 8,345,495 | |
Insmed, Inc. | ||||
01/15/2025 | 1.750% | 18,000,000 | 20,946,529 | |
Intercept Pharmaceuticals, Inc. | ||||
07/01/2023 | 3.250% | 15,000,000 | 12,597,754 | |
05/15/2026 | 2.000% | 8,000,000 | 5,214,639 | |
Jazz Investments I Ltd.(f) | ||||
06/15/2026 | 2.000% | 13,000,000 | 17,307,618 | |
Radius Health, Inc. | ||||
09/01/2024 | 3.000% | 12,000,000 | 11,109,598 | |
Total | 200,479,875 | |||
Refining 0.4% | ||||
Green Plains, Inc.(h) | ||||
03/15/2027 | 2.250% | 11,000,000 | 11,804,100 | |
Retailers 4.3% | ||||
American Eagle Outfitters, Inc.(f) | ||||
04/15/2025 | 3.750% | 5,000,000 | 15,181,430 | |
Burlington Stores, Inc.(f) | ||||
04/15/2025 | 2.250% | 15,000,000 | 20,667,525 | |
Dick’s Sporting Goods, Inc.(f) | ||||
04/15/2025 | 3.250% | 6,000,000 | 13,052,635 | |
Guess?, Inc. | ||||
04/15/2024 | 2.000% | 12,000,000 | 14,407,500 | |
Under Armour, Inc.(f) | ||||
06/01/2024 | 1.500% | 7,500,000 | 14,572,445 | |
Wayfair, Inc. | ||||
08/15/2026 | 1.000% | 18,000,000 | 37,671,487 | |
Total | 115,553,022 | |||
Technology 27.5% | ||||
1Life Healthcare, Inc.(f) | ||||
06/15/2025 | 3.000% | 10,500,000 | 14,035,023 | |
2U, Inc.(f) | ||||
05/01/2025 | 2.250% | 6,500,000 | 10,523,163 | |
Akamai Technologies, Inc. | ||||
09/01/2027 | 0.375% | 24,000,000 | 25,921,651 | |
Atlassian, Inc. | ||||
05/01/2023 | 0.625% | 5,000,000 | 14,516,845 | |
Avaya Holdings Corp. | ||||
06/15/2023 | 2.250% | 11,000,000 | 14,208,811 | |
Bentley Systems, Inc.(f) | ||||
01/15/2026 | 0.125% | 12,000,000 | 12,461,047 |
Convertible Bonds(e) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Bill.com Holdings, Inc.(f),(g) | ||||
12/01/2025 | 0.000% | 16,000,000 | 20,672,599 | |
Box, Inc.(f),(g) | ||||
01/15/2026 | 0.000% | 12,000,000 | 12,604,717 | |
Coupa Software, Inc.(f) | ||||
06/15/2026 | 0.375% | 34,000,000 | 47,420,467 | |
Datadog, Inc.(f) | ||||
06/15/2025 | 0.125% | 12,000,000 | 15,598,207 | |
DocuSign, Inc. | ||||
09/15/2023 | 0.500% | 3,500,000 | 11,061,234 | |
Dropbox, Inc.(f),(g) | ||||
03/01/2028 | 0.000% | 27,500,000 | 27,028,458 | |
Envestnet, Inc.(f) | ||||
08/15/2025 | 0.750% | 14,000,000 | 13,416,407 | |
Everbridge, Inc. | ||||
12/15/2024 | 0.125% | 10,000,000 | 15,192,087 | |
LivePerson, Inc.(f),(g) | ||||
12/15/2026 | 0.000% | 12,500,000 | 14,255,723 | |
Lumentum Holdings, Inc. | ||||
12/15/2026 | 0.500% | 17,000,000 | 20,339,438 | |
Microchip Technology, Inc. | ||||
Junior Subordinated | ||||
02/15/2037 | 2.250% | 16,500,000 | 37,991,062 | |
MicroStrategy, Inc.(f) | ||||
12/15/2025 | 0.750% | 12,000,000 | 24,826,286 | |
MongoDB, Inc. | ||||
01/15/2026 | 0.250% | 12,000,000 | 23,202,030 | |
Nice Ltd.(f),(g) | ||||
09/15/2025 | 0.000% | 13,000,000 | 14,219,576 | |
Okta, Inc.(f) | ||||
06/15/2026 | 0.375% | 25,000,000 | 32,702,950 | |
Omnicell, Inc.(f) | ||||
09/15/2025 | 0.250% | 8,500,000 | 11,990,654 | |
ON Semiconductor Corp. | ||||
10/15/2023 | 1.625% | 10,000,000 | 20,331,487 | |
Palo Alto Networks, Inc.(f) | ||||
06/01/2025 | 0.375% | 36,000,000 | 48,406,788 | |
Parsons Corp.(f) | ||||
08/15/2025 | 0.250% | 13,000,000 | 13,564,888 | |
ServiceNow, Inc.(g) | ||||
06/01/2022 | 0.000% | 3,000,000 | 11,919,706 | |
Shift4 Payments, Inc.(f),(g) | ||||
12/15/2025 | 0.000% | 15,000,000 | 18,357,000 | |
Shopify, Inc. | ||||
11/01/2025 | 0.125% | 10,000,000 | 12,706,250 |
10 | Columbia Convertible Securities Fund | Annual Report 2021 |
February 28, 2021
Convertible Bonds(e) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Silicon Laboratories, Inc.(f) | ||||
06/15/2025 | 0.625% | 12,000,000 | 17,302,864 | |
SMART Global Holdings, Inc. | ||||
02/15/2026 | 2.250% | 11,000,000 | 14,712,038 | |
Splunk, Inc.(f) | ||||
06/15/2027 | 1.125% | 37,000,000 | 36,811,818 | |
Square, Inc.(f) | ||||
03/01/2025 | 0.125% | 32,000,000 | 63,946,396 | |
Tabula Rasa HealthCare, Inc. | ||||
Senior Subordinated | ||||
02/15/2026 | 1.750% | 10,500,000 | 10,043,984 | |
Teradyne, Inc. | ||||
12/15/2023 | 1.250% | 3,000,000 | 12,181,875 | |
Twilio, Inc. | ||||
06/01/2023 | 0.250% | 4,500,000 | 24,842,556 | |
Total | 739,316,085 | |||
Wirelines 2.0% | ||||
RingCentral, Inc.(f),(g) | ||||
03/01/2025 | 0.000% | 30,000,000 | 38,402,029 | |
Vonage Holdings Corp. | ||||
06/01/2024 | 1.750% | 13,000,000 | 14,724,738 | |
Total | 53,126,767 | |||
Total Convertible Bonds (Cost $1,574,173,766) | 2,194,360,761 |
Convertible Preferred Stocks 15.6% | |||
Issuer | Shares | Value ($) | |
Communication Services 1.0% | |||
Diversified Telecommunication Services 1.0% | |||
2020 Cash Mandatory Exchangeable Trust(f) | 5.250% | 24,000 | 26,194,482 |
Total Communication Services | 26,194,482 | ||
Consumer Discretionary 1.4% | |||
Auto Components 0.8% | |||
Aptiv PLC | 5.500% | 125,000 | 21,359,500 |
Internet & Direct Marketing Retail 0.6% | |||
2020 Mandatory Exchangeable Trust(f) | 6.500% | 7,500 | 16,902,948 |
Total Consumer Discretionary | 38,262,448 | ||
Consumer Staples 0.4% | |||
Household Products 0.4% | |||
Energizer Holdings, Inc. | 7.500% | 130,000 | 11,482,097 |
Total Consumer Staples | 11,482,097 |
Convertible Preferred Stocks (continued) | |||
Issuer | Shares | Value ($) | |
Financials 0.7% | |||
Capital Markets 0.7% | |||
KKR & Co., Inc. | 6.000% | 300,000 | 19,140,000 |
Total Financials | 19,140,000 | ||
Health Care 4.1% | |||
Health Care Equipment & Supplies 2.6% | |||
Becton Dickinson and Co. | 6.000% | 375,000 | 19,800,000 |
Boston Scientific Corp. | 5.500% | 120,000 | 13,317,000 |
Danaher Corp. | 4.750% | 25,000 | 37,844,913 |
Total | 70,961,913 | ||
Health Care Technology 0.3% | |||
Change Healthcare, Inc. | 6.000% | 95,000 | 7,383,400 |
Life Sciences Tools & Services 0.7% | |||
Avantor, Inc. | 6.250% | 215,000 | 18,703,280 |
Pharmaceuticals 0.5% | |||
Elanco Animal Health, Inc. | 5.000% | 270,000 | 13,599,900 |
Total Health Care | 110,648,493 | ||
Industrials 0.8% | |||
Machinery 0.8% | |||
Stanley Black & Decker, Inc. | 5.250% | 187,500 | 20,287,500 |
Total Industrials | 20,287,500 | ||
Information Technology 1.5% | |||
Electronic Equipment, Instruments & Components 0.8% | |||
II-VI, Inc. | 6.000% | 60,000 | 20,708,239 |
IT Services 0.7% | |||
Sabre Corp. | 6.500% | 100,000 | 18,490,000 |
Total Information Technology | 39,198,239 | ||
Materials 0.5% | |||
Chemicals 0.5% | |||
International Flavors & Fragrances, Inc. | 6.000% | 290,000 | 14,096,908 |
Total Materials | 14,096,908 | ||
Real Estate 0.4% | |||
Equity Real Estate Investment Trusts (REITS) 0.4% | |||
QTS Realty Trust, Inc. | 6.500% | 85,000 | 11,965,823 |
Total Real Estate | 11,965,823 |
Columbia Convertible Securities Fund | Annual Report 2021 | 11 |
February 28, 2021
Convertible Preferred Stocks (continued) | |||
Issuer | Shares | Value ($) | |
Utilities 4.8% | |||
Electric Utilities 3.4% | |||
American Electric Power Co., Inc. | 6.125% | 400,000 | 18,500,000 |
NextEra Energy, Inc. | 6.219% | 1,250,000 | 61,000,000 |
PG&E Corp. | 5.500% | 100,000 | 10,475,000 |
Total | 89,975,000 | ||
Multi-Utilities 1.0% | |||
DTE Energy Co. | 6.250% | 600,000 | 27,540,000 |
Water Utilities 0.4% | |||
Essential Utilities, Inc. | 6.000% | 200,000 | 10,908,000 |
Total Utilities | 128,423,000 | ||
Total Convertible Preferred Stocks (Cost $368,363,933) | 419,698,990 |
Warrants 0.0% | ||
Issuer | Shares | Value ($) |
Energy 0.0% | ||
Oil, Gas & Consumable Fuels 0.0% | ||
Chesapeake Energy Corp.(b) | 7,528 | 131,364 |
Total Energy | 131,364 | |
Total Warrants (Cost $131,740) | 131,364 | |
Money Market Funds 1.4% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.086%(i),(j) | 37,270,674 | 37,266,947 |
Total Money Market Funds (Cost $37,266,937) | 37,266,947 | |
Total Investments in Securities (Cost: $2,028,339,702) | 2,728,965,755 | |
Other Assets & Liabilities, Net | (36,513,350) | |
Net Assets | 2,692,452,405 |
(a) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At February 28, 2021, the total value of these securities amounted to $2,295,715, which represents 0.09% of total net assets. |
(b) | Non-income producing investment. |
(c) | Denotes a restricted security, which is subject to legal or contractual restrictions on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These securities are valued at fair value determined in good faith under consistently applied procedures established by the Fund’s Board of Trustees. At February 28, 2021, the total market value of these securities amounted to $2,295,715, which represents 0.09% of total net assets. Additional information on these securities is as follows: |
Security | Acquisition Dates | Shares | Cost ($) | Value ($) |
Ascent Resources, Class B | 02/20/2014—11/15/2016 | 10,248,729 | 358,011 | 2,295,715 |
(d) | Valuation based on significant unobservable inputs. |
(e) | Principal amounts are denominated in United States Dollars unless otherwise noted. |
(f) | 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 February 28, 2021, the total value of these securities amounted to $1,254,998,640, which represents 46.61% of total net assets. |
(g) | Zero coupon bond. |
(h) | Represents a security purchased on a when-issued basis. |
(i) | The rate shown is the seven-day current annualized yield at February 28, 2021. |
12 | Columbia Convertible Securities Fund | Annual Report 2021 |
February 28, 2021
(j) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended February 28, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.086% | ||||||||
28,318,922 | 967,904,460 | (958,953,843) | (2,592) | 37,266,947 | 32,261 | 106,347 | 37,270,674 |
CAD | Canada 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 Convertible Securities Fund | Annual Report 2021 | 13 |
February 28, 2021
The following table is a summary of the inputs used to value the Fund’s investments at February 28, 2021:
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Energy | 16,518,978 | — | 2,295,715 | 18,814,693 |
Information Technology | 58,693,000 | — | — | 58,693,000 |
Total Common Stocks | 75,211,978 | — | 2,295,715 | 77,507,693 |
Convertible Bonds | — | 2,194,360,761 | — | 2,194,360,761 |
Convertible Preferred Stocks | ||||
Communication Services | — | 26,194,482 | — | 26,194,482 |
Consumer Discretionary | — | 38,262,448 | — | 38,262,448 |
Consumer Staples | — | 11,482,097 | — | 11,482,097 |
Financials | — | 19,140,000 | — | 19,140,000 |
Health Care | — | 110,648,493 | — | 110,648,493 |
Industrials | — | 20,287,500 | — | 20,287,500 |
Information Technology | — | 39,198,239 | — | 39,198,239 |
Materials | — | 14,096,908 | — | 14,096,908 |
Real Estate | — | 11,965,823 | — | 11,965,823 |
Utilities | — | 128,423,000 | — | 128,423,000 |
Total Convertible Preferred Stocks | — | 419,698,990 | — | 419,698,990 |
Warrants | ||||
Energy | 131,364 | — | — | 131,364 |
Total Warrants | 131,364 | — | — | 131,364 |
Money Market Funds | 37,266,947 | — | — | 37,266,947 |
Total Investments in Securities | 112,610,289 | 2,614,059,751 | 2,295,715 | 2,728,965,755 |
14 | Columbia Convertible Securities Fund | Annual Report 2021 |
February 28, 2021
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,991,072,765) | $2,691,698,808 |
Affiliated issuers (cost $37,266,937) | 37,266,947 |
Receivable for: | |
Investments sold | 12,691,250 |
Capital shares sold | 4,408,314 |
Dividends | 1,884,040 |
Interest | 4,505,608 |
Prepaid expenses | 35,090 |
Total assets | 2,752,490,057 |
Liabilities | |
Payable for: | |
Investments purchased | 5,049,791 |
Investments purchased on a delayed delivery basis | 49,425,035 |
Capital shares purchased | 5,099,603 |
Management services fees | 53,138 |
Distribution and/or service fees | 6,703 |
Transfer agent fees | 187,991 |
Compensation of board members | 161,925 |
Compensation of chief compliance officer | 17 |
Other expenses | 53,449 |
Total liabilities | 60,037,652 |
Net assets applicable to outstanding capital stock | $2,692,452,405 |
Represented by | |
Paid in capital | 1,792,479,249 |
Total distributable earnings (loss) | 899,973,156 |
Total - representing net assets applicable to outstanding capital stock | $2,692,452,405 |
Columbia Convertible Securities Fund | Annual Report 2021 | 15 |
February 28, 2021
Class A | |
Net assets | $584,015,092 |
Shares outstanding | 18,241,930 |
Net asset value per share | $32.01 |
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) | $33.96 |
Advisor Class | |
Net assets | $232,118,369 |
Shares outstanding | 7,164,117 |
Net asset value per share | $32.40 |
Class C | |
Net assets | $100,101,039 |
Shares outstanding | 3,139,887 |
Net asset value per share | $31.88 |
Institutional Class | |
Net assets | $1,401,885,566 |
Shares outstanding | 43,701,055 |
Net asset value per share | $32.08 |
Institutional 2 Class | |
Net assets | $235,447,712 |
Shares outstanding | 7,275,696 |
Net asset value per share | $32.36 |
Institutional 3 Class | |
Net assets | $136,746,540 |
Shares outstanding | 4,187,129 |
Net asset value per share | $32.66 |
Class R | |
Net assets | $2,138,087 |
Shares outstanding | 66,861 |
Net asset value per share | $31.98 |
16 | Columbia Convertible Securities Fund | Annual Report 2021 |
Year Ended February 28, 2021
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $20,759,943 |
Dividends — affiliated issuers | 106,347 |
Interest | 25,669,615 |
Interfund lending | 243 |
Total income | 46,536,148 |
Expenses: | |
Management services fees | 14,178,875 |
Distribution and/or service fees | |
Class A | 1,031,907 |
Class C | 747,021 |
Class R | 8,786 |
Transfer agent fees | |
Class A | 432,498 |
Advisor Class | 161,622 |
Class C | 78,393 |
Institutional Class | 1,006,798 |
Institutional 2 Class | 97,042 |
Institutional 3 Class | 10,139 |
Class R | 1,846 |
Compensation of board members | 58,190 |
Custodian fees | 14,362 |
Printing and postage fees | 87,664 |
Registration fees | 172,022 |
Audit fees | 29,500 |
Legal fees | 25,026 |
Interest on interfund lending | 327 |
Compensation of chief compliance officer | 479 |
Other | 83,320 |
Total expenses | 18,225,817 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (8,924) |
Fees waived by transfer agent | |
Institutional 2 Class | (23,165) |
Institutional 3 Class | (6,476) |
Expense reduction | (400) |
Total net expenses | 18,186,852 |
Net investment income | 28,349,296 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 300,238,052 |
Investments — affiliated issuers | 32,261 |
Foreign currency translations | 11,849 |
Net realized gain | 300,282,162 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 587,268,257 |
Investments — affiliated issuers | (2,592) |
Foreign currency translations | 156 |
Net change in unrealized appreciation (depreciation) | 587,265,821 |
Net realized and unrealized gain | 887,547,983 |
Net increase in net assets resulting from operations | $915,897,279 |
Columbia Convertible Securities Fund | Annual Report 2021 | 17 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $28,349,296 | $25,225,416 |
Net realized gain | 300,282,162 | 96,072,548 |
Net change in unrealized appreciation (depreciation) | 587,265,821 | 28,214,650 |
Net increase in net assets resulting from operations | 915,897,279 | 149,512,614 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (38,032,859) | (19,462,475) |
Advisor Class | (13,691,173) | (4,865,869) |
Class C | (6,282,964) | (3,070,845) |
Institutional Class | (89,500,632) | (42,810,874) |
Institutional 2 Class | (15,028,718) | (6,918,147) |
Institutional 3 Class | (11,719,287) | (7,115,129) |
Class R | (148,888) | (122,603) |
Total distributions to shareholders | (174,404,521) | (84,365,942) |
Increase in net assets from capital stock activity | 520,485,072 | 256,745,390 |
Total increase in net assets | 1,261,977,830 | 321,892,062 |
Net assets at beginning of year | 1,430,474,575 | 1,108,582,513 |
Net assets at end of year | $2,692,452,405 | $1,430,474,575 |
18 | Columbia Convertible Securities Fund | Annual Report 2021 |
Year Ended | Year Ended | |||
February 28, 2021 | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 6,543,092 | 173,145,914 | 4,360,574 | 94,935,324 |
Distributions reinvested | 1,082,242 | 28,390,322 | 638,016 | 13,768,058 |
Redemptions | (3,750,317) | (94,419,226) | (4,307,203) | (93,362,623) |
Net increase | 3,875,017 | 107,117,010 | 691,387 | 15,340,759 |
Advisor Class | ||||
Subscriptions | 6,386,815 | 165,750,916 | 3,314,559 | 73,339,965 |
Distributions reinvested | 516,718 | 13,673,496 | 222,512 | 4,854,911 |
Redemptions | (3,990,143) | (105,096,614) | (1,722,208) | (37,901,225) |
Net increase | 2,913,390 | 74,327,798 | 1,814,863 | 40,293,651 |
Class C | ||||
Subscriptions | 872,680 | 23,594,239 | 1,070,570 | 23,306,724 |
Distributions reinvested | 212,100 | 5,561,428 | 123,128 | 2,653,398 |
Redemptions | (777,420) | (20,202,251) | (474,408) | (10,254,412) |
Net increase | 307,360 | 8,953,416 | 719,290 | 15,705,710 |
Institutional Class | ||||
Subscriptions | 22,020,514 | 567,098,429 | 13,888,726 | 303,951,549 |
Distributions reinvested | 2,774,980 | 72,707,106 | 1,535,050 | 33,176,052 |
Redemptions | (14,229,664) | (342,844,211) | (8,252,510) | (179,691,428) |
Net increase | 10,565,830 | 296,961,324 | 7,171,266 | 157,436,173 |
Institutional 2 Class | ||||
Subscriptions | 5,669,172 | 137,402,149 | 5,014,833 | 109,175,210 |
Distributions reinvested | 541,539 | 14,289,446 | 318,069 | 6,915,549 |
Redemptions | (3,068,757) | (78,794,981) | (5,005,134) | (110,303,792) |
Net increase | 3,141,954 | 72,896,614 | 327,768 | 5,786,967 |
Institutional 3 Class | ||||
Subscriptions | 1,211,550 | 33,087,799 | 1,833,426 | 40,855,531 |
Distributions reinvested | 454,489 | 11,715,180 | 324,002 | 7,114,937 |
Redemptions | (3,182,103) | (84,192,126) | (1,159,672) | (25,218,350) |
Net increase (decrease) | (1,516,064) | (39,389,147) | 997,756 | 22,752,118 |
Class R | ||||
Subscriptions | 33,070 | 829,134 | 42,464 | 932,277 |
Distributions reinvested | 4,052 | 105,544 | 2,063 | 44,526 |
Redemptions | (56,385) | (1,316,621) | (70,252) | (1,546,791) |
Net decrease | (19,263) | (381,943) | (25,725) | (569,988) |
Total net increase | 19,268,224 | 520,485,072 | 11,696,605 | 256,745,390 |
Columbia Convertible Securities Fund | Annual Report 2021 | 19 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Year Ended 2/28/2021 | $22.09 | 0.34 | 11.92 | 12.26 | (0.44) | (1.90) | (2.34) |
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) |
Advisor Class | |||||||
Year Ended 2/28/2021 | $22.34 | 0.41 | 12.06 | 12.47 | (0.51) | (1.90) | (2.41) |
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) |
Class C | |||||||
Year Ended 2/28/2021 | $22.00 | 0.15 | 11.89 | 12.04 | (0.26) | (1.90) | (2.16) |
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) |
Institutional Class | |||||||
Year Ended 2/28/2021 | $22.13 | 0.41 | 11.95 | 12.36 | (0.51) | (1.90) | (2.41) |
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) |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $22.31 | 0.43 | 12.04 | 12.47 | (0.52) | (1.90) | (2.42) |
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) |
20 | Columbia Convertible Securities Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $32.01 | 58.37% | 1.12%(c) | 1.12%(c),(d) | 1.32% | 98% | $584,015 |
Year Ended 2/29/2020 | $22.09 | 12.55% | 1.17%(c) | 1.12%(c),(d) | 1.81% | 74% | $317,365 |
Year Ended 2/28/2019 | $20.92 | 7.70% | 1.20%(c) | 1.13%(c),(d) | 1.88% | 60% | $286,075 |
Year Ended 2/28/2018 | $20.41 | 12.65% | 1.22% | 1.12%(d) | 2.21% | 67% | $248,052 |
Year Ended 2/28/2017 | $18.64 | 26.68% | 1.25% | 1.13%(d) | 2.73% | 72% | $289,232 |
Advisor Class | |||||||
Year Ended 2/28/2021 | $32.40 | 58.75% | 0.88%(c) | 0.88%(c),(d) | 1.55% | 98% | $232,118 |
Year Ended 2/29/2020 | $22.34 | 12.84% | 0.92%(c) | 0.87%(c),(d) | 2.06% | 74% | $94,945 |
Year Ended 2/28/2019 | $21.14 | 7.99% | 0.95%(c) | 0.88%(c),(d) | 2.15% | 60% | $51,487 |
Year Ended 2/28/2018 | $20.61 | 12.91% | 0.97% | 0.87%(d) | 2.43% | 67% | $18,432 |
Year Ended 2/28/2017 | $18.82 | 27.00% | 1.00% | 0.88%(d) | 2.95% | 72% | $11,789 |
Class C | |||||||
Year Ended 2/28/2021 | $31.88 | 57.20% | 1.87%(c) | 1.87%(c),(d) | 0.59% | 98% | $100,101 |
Year Ended 2/29/2020 | $22.00 | 11.71% | 1.92%(c) | 1.87%(c),(d) | 1.06% | 74% | $62,313 |
Year Ended 2/28/2019 | $20.84 | 6.92% | 1.95%(c) | 1.88%(c),(d) | 1.14% | 60% | $44,035 |
Year Ended 2/28/2018 | $20.33 | 11.80% | 1.97% | 1.87%(d) | 1.47% | 67% | $40,419 |
Year Ended 2/28/2017 | $18.57 | 25.70% | 2.00% | 1.88%(d) | 1.98% | 72% | $42,161 |
Institutional Class | |||||||
Year Ended 2/28/2021 | $32.08 | 58.81% | 0.88%(c) | 0.88%(c),(d) | 1.57% | 98% | $1,401,886 |
Year Ended 2/29/2020 | $22.13 | 12.81% | 0.92%(c) | 0.87%(c),(d) | 2.06% | 74% | $733,400 |
Year Ended 2/28/2019 | $20.96 | 8.00% | 0.95%(c) | 0.88%(c),(d) | 2.13% | 60% | $544,140 |
Year Ended 2/28/2018 | $20.44 | 12.91% | 0.97% | 0.87%(d) | 2.49% | 67% | $393,240 |
Year Ended 2/28/2017 | $18.67 | 26.94% | 1.00% | 0.88%(d) | 2.97% | 72% | $229,113 |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $32.36 | 58.89% | 0.83%(c) | 0.81%(c) | 1.62% | 98% | $235,448 |
Year Ended 2/29/2020 | $22.31 | 12.88% | 0.87%(c) | 0.81%(c) | 2.13% | 74% | $92,233 |
Year Ended 2/28/2019 | $21.12 | 8.07% | 0.89%(c) | 0.81%(c) | 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 |
Columbia Convertible Securities Fund | Annual Report 2021 | 21 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $22.50 | 0.45 | 12.14 | 12.59 | (0.53) | (1.90) | (2.43) |
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) |
Class R | |||||||
Year Ended 2/28/2021 | $22.06 | 0.29 | 11.91 | 12.20 | (0.38) | (1.90) | (2.28) |
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) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Ratios include interfund lending expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
22 | Columbia Convertible Securities Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $32.66 | 58.95% | 0.78%(c) | 0.77%(c) | 1.74% | 98% | $136,747 |
Year Ended 2/29/2020 | $22.50 | 12.97% | 0.82%(c) | 0.77%(c) | 2.17% | 74% | $128,319 |
Year Ended 2/28/2019 | $21.28 | 8.11% | 0.84%(c) | 0.76%(c) | 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 |
Class R | |||||||
Year Ended 2/28/2021 | $31.98 | 58.04% | 1.37%(c) | 1.37%(c),(d) | 1.13% | 98% | $2,138 |
Year Ended 2/29/2020 | $22.06 | 12.23% | 1.42%(c) | 1.37%(c),(d) | 1.56% | 74% | $1,900 |
Year Ended 2/28/2019 | $20.90 | 7.44% | 1.45%(c) | 1.38%(c),(d) | 1.63% | 60% | $2,337 |
Year Ended 2/28/2018 | $20.39 | 12.38% | 1.47% | 1.37%(d) | 1.97% | 67% | $3,031 |
Year Ended 2/28/2017 | $18.62 | 26.32% | 1.50% | 1.38%(d) | 2.44% | 72% | $3,240 |
Columbia Convertible Securities Fund | Annual Report 2021 | 23 |
February 28, 2021
24 | Columbia Convertible Securities Fund | Annual Report 2021 |
February 28, 2021
Columbia Convertible Securities Fund | Annual Report 2021 | 25 |
February 28, 2021
26 | Columbia Convertible Securities Fund | Annual Report 2021 |
February 28, 2021
Columbia Convertible Securities Fund | Annual Report 2021 | 27 |
February 28, 2021
Effective rate (%) | |
Class A | 0.10 |
Advisor Class | 0.10 |
Class C | 0.10 |
Institutional Class | 0.10 |
Institutional 2 Class | 0.04 |
Institutional 3 Class | 0.00 |
Class R | 0.10 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 910,193 |
Class C | — | 1.00(b) | 6,659 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
28 | Columbia Convertible Securities Fund | Annual Report 2021 |
February 28, 2021
Fee rate(s) contractual through June 30, 2021 | |
Class A | 1.13% |
Advisor Class | 0.88 |
Class C | 1.88 |
Institutional Class | 0.88 |
Institutional 2 Class | 0.81 |
Institutional 3 Class | 0.77 |
Class R | 1.38 |
Undistributed net investment income ($) | Accumulated net realized gain ($) | Paid in capital ($) |
8,136,986 | (8,136,986) | — |
Columbia Convertible Securities Fund | Annual Report 2021 | 29 |
February 28, 2021
Year Ended February 28, 2021 | Year Ended February 29, 2020 | ||||
Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
79,779,025 | 94,625,496 | 174,404,521 | 48,258,619 | 36,107,323 | 84,365,942 |
Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
60,873,053 | 136,699,675 | — | 702,558,153 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
2,026,407,602 | 718,996,826 | (16,438,673) | 702,558,153 |
30 | Columbia Convertible Securities Fund | Annual Report 2021 |
February 28, 2021
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 4,025,000 | 0.73 | 4 |
Lender | 1,628,571 | 0.70 | 7 |
Columbia Convertible Securities Fund | Annual Report 2021 | 31 |
February 28, 2021
32 | Columbia Convertible Securities Fund | Annual Report 2021 |
February 28, 2021
Columbia Convertible Securities Fund | Annual Report 2021 | 33 |
34 | Columbia Convertible Securities Fund | Annual Report 2021 |
Qualified dividend income | Dividends received deduction | Section 199A dividends | Capital gain dividend |
10.54% | 10.56% | 1.13% | $223,461,173 |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
George S. Batejan c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1953 | Trustee since 2017 | Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 | 172 | Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018 |
Columbia Convertible Securities Fund | Annual Report 2021 | 35 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Kathleen Blatz c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2006 | Attorney; specializing in arbitration and mediation; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member and Interim Chair, Minnesota Sports Facilities Authority, January 2017-July 2017; Interim President and Chief Executive Officer, Blue Cross and Blue Shield of Minnesota (health care insurance), February-July 2018 | 172 | Trustee, BlueCross BlueShield of Minnesota since 2009 (Chair of the Business Development Committee - 2014-2017; Chair of the Governance Committee, 2017-2019); former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017-July 2017; Director, Robina Foundation, 2009-2020 (Chair, 2014-2020) |
Pamela G. Carlton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2007 | President, Springboard — Partners in Cross Cultural Leadership (consulting company) since 2003; Managing Director of US Equity Research, JP Morgan Chase, 1999-2003; Director of US Equity Research, Chase Asset Management, 1996-1999; Co-Director Latin America Research, 1993-1996, COO Global Research, 1992-1996, Co-Director of US Research, 1991-1992, Investment Banker, 1982-1991, Morgan Stanley; Attorney at Cleary Gottlieb Steen & Hamilton LLP, 1980-1982 | 172 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of People Committee) since 1996; Director, DR Bank (Audit Committee) since 2017; Director, Evercore Inc. (Audit Committee, Nominating and Governance Committee) since 2019 |
Janet Langford Carrig c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1957 | Trustee since 1996 | Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (independent energy company), September 2007-October 2018 | 170 | Director, EQT Corporation (natural gas producer) since 2019; Director, Whiting Petroleum Corporation (independent oil and gas company) since 2020 |
J. Kevin Connaughton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2020(a) | Member, FINRA National Adjudicatory Council since January 2020; Adjunct Professor of Finance, Bentley University since January 2018; Managing Director and General Manager of Mutual Fund Products, Columbia Management Investment Advisers, LLC, May 2010-February 2015; President, Columbia Funds, 2008-2015; and senior officer of Columbia Funds and affiliated funds, 2003-2015 | 170 | Director, The Autism Project since March 2015; former Member of the Investment Committee, St. Michael’s College, November 2015-February 2020; former Trustee, St. Michael’s College, June 2017-September 2019; former Trustee, New Century Portfolios, January 2015-December 2017 |
Olive M. Darragh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1962 | Trustee since 2020(a) | Managing Director of Darragh Inc. (strategy and talent management consulting firm) since 2010; Founder and CEO, Zolio, Inc. (investment management talent identification platform) since 2004; Partner, Tudor Investments, 2004-2010; Senior Partner, McKinsey & Company (consulting), 2001-2004 | 170 | Former Director, University of Edinburgh Business School (Member of US Board); former Director, Boston Public Library Foundation |
36 | Columbia Convertible Securities Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Patricia M. Flynn c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1950 | Trustee since 2004 | Trustee Professor of Economics and Management, Bentley University since 1976 (also teaches and conducts research on corporate governance); Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 | 172 | Trustee, MA Taxpayers Foundation since 1997; Board of Governors, Innovation Institute, MA Technology Collaborative, 2010-2019; Board of Directors, The MA Business Roundtable, 2003-2019 |
Brian J. Gallagher c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2017 | Retired; Partner with Deloitte & Touche LLP and its predecessors, 1977-2016 | 172 | Trustee, Catholic Schools Foundation since 2004 |
Douglas A. Hacker c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1955 | Co-Chair since 2021; Chair of CFST I and CFVIT since 2014; Trustee of CFST I and CFVIT since 1996 and CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2021 | Independent business executive since May 2006; Executive Vice President – Strategy of United Airlines, December 2002 - May 2006; President of UAL Loyalty Services (airline marketing company), September 2001-December 2002; Executive Vice President and Chief Financial Officer of United Airlines, July 1999-September 2001 | 170 | Director, Spartan Nash Company (food distributor); Director, Aircastle Limited (Chair of Audit Committee) (aircraft leasing); former Director, Nash Finch Company (food distributor), 2005-2013; former Director, SeaCube Container Leasing Ltd. (container leasing), 2010-2013; and former Director, Travelport Worldwide Limited (travel information technology), 2014-2019 |
Nancy T. Lukitsh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1956 | Trustee since 2011 | Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser), 1997-2010; Chair, Wellington Management Portfolios (commingled non-U.S. investment pools), 2007 -2010; Director, Wellington Trust Company, NA and other Wellington affiliates, 1997-2010 | 170 | |
David M. Moffett c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Trustee since 2011 | Retired; Consultant to Bridgewater and Associates | 170 | Director, CSX Corporation (transportation suppliers); Director, Genworth Financial, Inc. (financial and insurance products and services); Director, PayPal Holdings Inc. (payment and data processing services); Trustee, University of Oklahoma Foundation; former Director, eBay Inc. (online trading community), 2007-2015; and former Director, CIT Bank, CIT Group Inc. (commercial and consumer finance), 2010-2016 |
Columbia Convertible Securities Fund | Annual Report 2021 | 37 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Catherine James Paglia c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Co-Chair since 2021; Chair of CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2020; Trustee of CFST, CFST II and CFVST II since 2004 and CFST I and CFVIT since 2021 | Director, Enterprise Asset Management, Inc. (private real estate and asset management company) since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989-1997; Vice President, 1982-1985, Principal, 1985-1987, Managing Director, 1987-1989, Morgan Stanley; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. | 172 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012; Trustee, Carleton College (on the Investment Committee); Trustee, Carnegie Endowment for International Peace (on the Investment Committee) |
Anthony M. Santomero c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1946 | Trustee since 2008 | Richard K. Mellon Professor Emeritus of Finance, The Wharton School, University of Pennsylvania, since 2002; Senior Advisor, McKinsey & Company (consulting), 2006-2008; President, Federal Reserve Bank of Philadelphia, 2000-2006; Professor of Finance, The Wharton School, University of Pennsylvania, 1972-2002 | 172 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, RenaissanceRe Holdings Ltd. since May 2008; former Director, Citigroup Inc. and Citibank, N.A., 2009-2019; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 |
Minor M. Shaw c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1947 | Trustee since 2003 | President, Micco LLC (private investments) since 2011; President, Micco Corp. (family investment business), 1998-2011 | 172 | Director, BlueCross BlueShield of South Carolina (Chair of Compensation Committee) since April 2008; Trustee, Hollingsworth Funds (on the Investment Committee) since 2016 (previously Board Chair from 2016-2019); Former Advisory Board member, Duke Energy Corp., 2016-2020; Chair of the Duke Endowment; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016; former Director, National Association of Corporate Directors, Carolinas Chapter, 2013-2018; Chair, Daniel-Mickel Foundation |
38 | Columbia Convertible Securities Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Natalie A. Trunow c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1967 | Trustee since 2020(a) | Chief Executive Officer, Millennial Portfolio Solutions LLC (asset management and consulting services) since January 2016; Non-executive Member of the Investment Committee, Sarona Asset Management Inc. (private equity firm) since September 2019; Advisor, Horizon Investments (asset management and consulting services) since August 2018; Advisor, Paradigm Asset Management since November 2016; Director of Investments, Casey Family Programs, April 2016-September 2016; Senior Vice President and Chief Investment Officer, Calvert Investments, August 2008 - January 2016; Section Head and Portfolio Manager, General Motors Asset Management, June 1997-August 2008 | 170 | Director, Health Services for Children with Special Needs, Inc.; Director, Consumer Credit Counseling Services (formerly Guidewell Financial Solutions); Independent Director, Investment Committee, Sarona Asset Management |
Sandra Yeager c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2017 | Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 | 172 | Director, NAPE Education Foundation, October 2016-October 2020 |
* | The term “Columbia Funds Complex” as used herein includes Columbia Seligman Premium Technology Growth Fund, Tri-Continental Corporation and each series of Columbia Fund Series Trust (CFST), Columbia Funds Series Trust I (CFST I), Columbia Funds Series Trust II (CFST II), Columbia ETF Trust I, Columbia ETF Trust II, Columbia Funds Variable Insurance Trust (CFVIT) and Columbia Funds Variable Series Trust II (CFVST II). Messrs. Batejan, Gallagher, Petersen and Santomero and Mses. Blatz, Carlton, Flynn, Paglia, Shaw and Yeager serve as a director of Columbia Seligman Premium Technology Growth Fund and Tri-Continental Corporation. |
(a) | J. Kevin Connaughton was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective March 1, 2016. Natalie A. Trunow was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective September 1, 2016. Olive M. Darragh was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective June 10, 2019. Shareholders of the Funds elected Mr. Connaughton and Mses. Darragh and Trunow as Trustees of CFST I, effective January 1, 2021, and of CFVIT, effective July 1, 2020. |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during the past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex overseen | Other directorships held by Trustee during the past five years |
Christopher O. Petersen c/o Columbia Management Investment Advisers, LLC 5228 Ameriprise Financial Center Minneapolis, MN 55474 1970 | Trustee since 2020(a) | Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since January 2015 (previously Vice President and Chief Counsel, January 2010-December 2014); officer of Columbia Funds and affiliated funds since 2007 | 172 | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
(a) | Mr. Petersen serves as the President and Principal Executive Officer of the Columbia Funds (since 2015). |
Columbia Convertible Securities Fund | Annual Report 2021 | 39 |
The Board has appointed officers who are responsible for day-to-day business decisions based on policies it has established. The officers serve at the pleasure of the Board. The following table provides basic information about the Officers of the Fund as of the printing of this report, including principal occupations during the past five years, although their specific titles may have varied over the period. In addition to Mr. Petersen, who is the President and Principal Executive Officer, the Fund’s other officers are:
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Michael G. Clarke 225 Franklin Street Boston, MA 02110 1969 | Chief Financial Officer and Principal Financial Officer (2009) and Senior Vice President (2019) | Vice President, Head of North American Operations, and Co-Head of Global Operations, Columbia Management Investment Advisers, LLC, since June 2019 (previously Vice President – Accounting and Tax, May 2010 – May 2019); senior officer of Columbia Funds and affiliated funds since 2002. |
Joseph Beranek 5890 Ameriprise Financial Center Minneapolis, MN 55474 1965 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) (2019) and Principal Financial Officer (2020), CFST, CFST I, CFST II, CFVIT and CFVST II; Assistant Treasurer, Columbia ETF Trust I and Columbia ETF Trust II | Vice President – Mutual Fund Accounting and Financial Reporting, Columbia Management Investment Advisers, LLC, since December 2018 and March 2017, respectively (previously Vice President – Pricing and Corporate Actions, May 2010 - March 2017). |
Marybeth Pilat 225 Franklin Street Boston, MA 02110 1968 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer (2020) for Columbia ETF Trust I and Columbia ETF Trust II; Assistant Treasurer, CFST, CFST I, CFST II, CFVIT and CFVST II | Vice President – Product Pricing and Administration, Columbia Management Investment Advisers, LLC, since May 2017; Director - Fund Administration, Calvert Investments, August 2015 – March 2017; Vice President - Fund Administration, Legg Mason, May 2015 - July 2015; Vice President - Fund Administration, Columbia Management Investment Advisers, LLC, May 2010 - April 2015. |
William F. Truscott 225 Franklin Street Boston, MA 02110 1960 | Senior Vice President (2001) | Formerly, Trustee of Columbia Funds Complex until January 1, 2021; Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012; Chairman of the Board and President, Columbia Management Investment Advisers, LLC since July 2004 and February 2012, respectively; Chairman of the Board and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since November 2008 and February 2012, respectively; Chairman of the Board and Director, Threadneedle Asset Management Holdings, Sàrl since March 2013 and December 2008, respectively; senior executive of various entities affiliated with Columbia Threadneedle. |
Paul B. Goucher 485 Lexington Avenue New York, NY 10017 1968 | Senior Vice President (2011) and Assistant Secretary (2008) | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since March 2015 (previously Vice President and Assistant Secretary, May 2010 – March 2015). |
Thomas P. McGuire 225 Franklin Street Boston, MA 02110 1972 | Senior Vice President and Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Columbia Acorn/Wanger Funds since December 2015; Chief Compliance Officer, Ameriprise Certificate Company September 2010 – September 2020. |
Colin Moore 225 Franklin Street Boston, MA 02110 1958 | Senior Vice President (2010) | Executive Vice President and Global Chief Investment Officer, Ameriprise Financial, Inc., since July 2013; Executive Vice President and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since July 2013. |
40 | Columbia Convertible Securities Fund | Annual Report 2021 |
Fund officers (continued)
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Ryan C. Larrenaga 225 Franklin Street Boston, MA 02110 1970 | Senior Vice President (2017), Chief Legal Officer (2017), and Secretary (2015) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously Vice President and Group Counsel, August 2011 - August 2018); Chief Legal Officer, Columbia Acorn/Wanger Funds, since September 2020; officer of Columbia Funds and affiliated funds since 2005. |
Daniel J. Beckman 225 Franklin Street Boston, MA 02110 1962 | Senior Vice President (2020) | Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015). |
Michael E. DeFao 225 Franklin Street Boston, MA 02110 1968 | Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. |
Lyn Kephart-Strong 5228 Ameriprise Financial Center Minneapolis, MN 55474 1960 | Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Trustee | Votes for | Votes withheld | Abstentions |
George S. Batejan | 1,166,986,012 | 16,252,243 | 0 |
Kathleen Blatz | 1,167,818,192 | 15,420,063 | 0 |
Pamela G. Carlton | 1,167,761,255 | 15,477,001 | 0 |
Janet Langford Carrig | 1,169,443,247 | 13,795,008 | 0 |
J. Kevin Connaughton | 1,168,554,731 | 14,683,525 | 0 |
Olive M. Darragh | 1,169,004,224 | 14,234,032 | 0 |
Patricia M. Flynn | 1,168,110,224 | 15,128,031 | 0 |
Brian J. Gallagher | 1,166,931,187 | 16,307,068 | 0 |
Douglas A. Hacker | 1,168,253,721 | 14,984,535 | 0 |
Nancy T. Lukitsh | 1,169,128,202 | 14,110,053 | 0 |
David M. Moffett | 1,167,387,510 | 15,850,745 | 0 |
Catherine James Paglia | 1,167,159,143 | 16,079,112 | 0 |
Anthony M. Santomero | 1,166,760,857 | 16,477,398 | 0 |
Minor M. Shaw | 1,165,931,084 | 17,307,171 | 0 |
Natalie A. Trunow | 1,168,907,601 | 14,330,655 | 0 |
Sandra Yeager | 1,167,549,796 | 15,688,459 | 0 |
Christopher O. Petersen | 1,167,593,463 | 15,644,793 | 0 |
Columbia Convertible Securities Fund | Annual Report 2021 | 41 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
February 28, 2021
3 | |
5 | |
6 | |
7 | |
11 | |
12 | |
13 | |
16 | |
20 | |
31 | |
32 | |
32 | |
38 |
Average annual total returns (%) (for the period ended February 28, 2021) | |||||
Inception | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 08/02/99 | 30.70 | 16.39 | 12.82 |
Including sales charges | 23.16 | 15.02 | 12.15 | ||
Advisor Class* | 07/05/17 | 30.96 | 16.65 | 13.08 | |
Class C | Excluding sales charges | 08/02/99 | 29.82 | 15.53 | 11.97 |
Including sales charges | 28.82 | 15.53 | 11.97 | ||
Institutional Class | 10/02/98 | 31.04 | 16.67 | 13.09 | |
Institutional 2 Class* | 11/08/12 | 31.20 | 16.77 | 13.18 | |
Institutional 3 Class* | 03/01/17 | 31.26 | 16.80 | 13.15 | |
S&P 500 Index | 31.29 | 16.82 | 13.43 |
* | 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 | Annual Report 2021 | 3 |
Portfolio breakdown (%) (at February 28, 2021) | |
Common Stocks | 97.6 |
Money Market Funds | 2.4 |
Total | 100.0 |
Equity sector breakdown (%) (at February 28, 2021) | |
Communication Services | 9.8 |
Consumer Discretionary | 13.1 |
Consumer Staples | 4.8 |
Energy | 2.6 |
Financials | 11.1 |
Health Care | 13.6 |
Industrials | 10.6 |
Information Technology | 28.6 |
Real Estate | 2.6 |
Utilities | 3.2 |
Total | 100.0 |
4 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
• | Stock selection within the industrials, consumer discretionary, and information technology sectors contributed to relative performance results. |
• | Individual selections that contributed to Fund performance during the period included railroad Norfolk Southern Corporation, internet retailing giant Amazon.com, Inc., multi-line retailer Target Corp, and semiconductor equipment companies Applied Materials, Inc. and Broadcom, Inc. |
• | Stock selection within the financials sector and, to a lesser degree, the utilities sector weighed most heavily on returns versus the benchmark. |
• | The biggest individual detractors included insurer Lincoln National Corp., financials company JPMorgan Chase & Co. and utility companies FirstEnergy Corp. and Ameren Corp. We sold the Fund’s position in Lincoln National and FirstEnergy early in the period. |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 5 |
(Unaudited)
September 1, 2020 — February 28, 2021 | |||||||
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 | 1,092.40 | 1,020.65 | 4.05 | 3.91 | 0.79 |
Advisor Class | 1,000.00 | 1,000.00 | 1,093.10 | 1,021.87 | 2.77 | 2.68 | 0.54 |
Class C | 1,000.00 | 1,000.00 | 1,088.40 | 1,016.97 | 7.89 | 7.62 | 1.54 |
Institutional Class | 1,000.00 | 1,000.00 | 1,093.30 | 1,021.87 | 2.77 | 2.68 | 0.54 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,093.80 | 1,022.26 | 2.36 | 2.28 | 0.46 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,094.60 | 1,022.51 | 2.11 | 2.03 | 0.41 |
6 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
February 28, 2021
Common Stocks 97.5% | ||
Issuer | Shares | Value ($) |
Communication Services 9.5% | ||
Entertainment 1.1% | ||
Electronic Arts, Inc. | 102,219 | 13,694,280 |
Interactive Media & Services 5.3% | ||
Alphabet, Inc., Class C(a) | 31,812 | 64,796,590 |
Media 1.9% | ||
Comcast Corp., Class A | 435,967 | 22,984,180 |
Wireless Telecommunication Services 1.2% | ||
T-Mobile USA, Inc.(a) | 121,963 | 14,631,901 |
Total Communication Services | 116,106,951 | |
Consumer Discretionary 12.8% | ||
Automobiles 1.9% | ||
General Motors Co. | 294,465 | 15,114,889 |
Tesla Motors, Inc.(a) | 12,706 | 8,582,903 |
Total | 23,697,792 | |
Internet & Direct Marketing Retail 5.2% | ||
Amazon.com, Inc.(a) | 20,525 | 63,482,388 |
Multiline Retail 2.5% | ||
Dollar Tree, Inc.(a) | 129,527 | 12,719,551 |
Target Corp. | 95,595 | 17,535,947 |
Total | 30,255,498 | |
Specialty Retail 3.2% | ||
Home Depot, Inc. (The) | 86,915 | 22,453,621 |
TJX Companies, Inc. (The) | 247,175 | 16,311,078 |
Total | 38,764,699 | |
Total Consumer Discretionary | 156,200,377 | |
Consumer Staples 4.6% | ||
Food Products 1.2% | ||
Mondelez International, Inc., Class A | 283,778 | 15,085,639 |
Household Products 2.0% | ||
Procter & Gamble Co. (The) | 197,799 | 24,434,110 |
Tobacco 1.4% | ||
Philip Morris International, Inc. | 204,749 | 17,203,011 |
Total Consumer Staples | 56,722,760 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Energy 2.6% | ||
Oil, Gas & Consumable Fuels 2.6% | ||
Chevron Corp. | 213,245 | 21,324,500 |
EOG Resources, Inc. | 154,084 | 9,947,663 |
Total | 31,272,163 | |
Total Energy | 31,272,163 | |
Financials 10.8% | ||
Banks 4.6% | ||
Bank of America Corp. | 721,123 | 25,030,179 |
Citigroup, Inc. | 288,512 | 19,007,171 |
Popular, Inc. | 170,289 | 11,378,711 |
Total | 55,416,061 | |
Capital Markets 5.0% | ||
Bank of New York Mellon Corp. (The) | 359,980 | 15,176,757 |
BlackRock, Inc. | 23,520 | 16,334,640 |
Intercontinental Exchange, Inc. | 145,616 | 16,062,901 |
State Street Corp. | 191,058 | 13,903,291 |
Total | 61,477,589 | |
Insurance 1.2% | ||
Allstate Corp. (The) | 140,164 | 14,941,482 |
Total Financials | 131,835,132 | |
Health Care 13.3% | ||
Biotechnology 2.7% | ||
AbbVie, Inc. | 194,547 | 20,960,494 |
BioMarin Pharmaceutical, Inc.(a) | 69,817 | 5,405,930 |
Exact Sciences Corp.(a) | 45,100 | 6,139,012 |
Total | 32,505,436 | |
Health Care Equipment & Supplies 1.6% | ||
Medtronic PLC | 167,832 | 19,631,309 |
Health Care Providers & Services 2.2% | ||
Centene Corp.(a) | 188,950 | 11,061,133 |
Cigna Corp. | 75,472 | 15,841,573 |
Total | 26,902,706 | |
Life Sciences Tools & Services 1.2% | ||
IQVIA Holdings, Inc.(a) | 79,208 | 15,270,510 |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 7 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Pharmaceuticals 5.6% | ||
Bristol-Myers Squibb Co. | 197,305 | 12,100,716 |
Eli Lilly and Co. | 97,093 | 19,893,385 |
Horizon Therapeutics PLC(a) | 79,365 | 7,215,072 |
Johnson & Johnson | 180,749 | 28,641,486 |
Total | 67,850,659 | |
Total Health Care | 162,160,620 | |
Industrials 10.3% | ||
Aerospace & Defense 1.0% | ||
Howmet Aerospace, Inc.(a) | 451,876 | 12,702,234 |
Air Freight & Logistics 1.3% | ||
United Parcel Service, Inc., Class B | 101,325 | 15,992,125 |
Airlines 1.0% | ||
Southwest Airlines Co. | 212,846 | 12,372,738 |
Building Products 2.2% | ||
Masco Corp. | 233,983 | 12,452,575 |
Trane Technologies PLC | 95,839 | 14,686,369 |
Total | 27,138,944 | |
Machinery 0.9% | ||
AGCO Corp. | 83,421 | 10,801,351 |
Road & Rail 3.9% | ||
Lyft, Inc., Class A(a) | 241,033 | 13,425,538 |
Norfolk Southern Corp. | 62,622 | 15,784,501 |
Union Pacific Corp. | 86,878 | 17,893,393 |
Total | 47,103,432 | |
Total Industrials | 126,110,824 | |
Information Technology 27.9% | ||
Communications Equipment 1.8% | ||
Cisco Systems, Inc. | 499,238 | 22,400,809 |
Electronic Equipment, Instruments & Components 1.3% | ||
TE Connectivity Ltd. | 121,561 | 15,806,577 |
IT Services 4.9% | ||
Fidelity National Information Services, Inc. | 125,742 | 17,352,396 |
Fiserv, Inc.(a) | 143,802 | 16,590,436 |
MasterCard, Inc., Class A | 73,895 | 26,147,746 |
Total | 60,090,578 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Semiconductors & Semiconductor Equipment 6.1% | ||
Applied Materials, Inc. | 156,208 | 18,462,224 |
Broadcom, Inc. | 45,284 | 21,277,593 |
NVIDIA Corp. | 36,416 | 19,977,089 |
NXP Semiconductors NV | 77,138 | 14,081,542 |
Total | 73,798,448 | |
Software 9.7% | ||
Adobe, Inc.(a) | 46,091 | 21,186,650 |
Intuit, Inc. | 44,021 | 17,174,353 |
Microsoft Corp. | 345,943 | 80,390,234 |
Total | 118,751,237 | |
Technology Hardware, Storage & Peripherals 4.1% | ||
Apple, Inc.(b) | 411,579 | 49,908,070 |
Total Information Technology | 340,755,719 | |
Real Estate 2.6% | ||
Equity Real Estate Investment Trusts (REITS) 2.6% | ||
American Tower Corp. | 73,791 | 15,948,449 |
Prologis, Inc. | 154,687 | 15,324,841 |
Total | 31,273,290 | |
Total Real Estate | 31,273,290 | |
Utilities 3.1% | ||
Electric Utilities 1.1% | ||
Duke Energy Corp. | 161,150 | 13,792,829 |
Multi-Utilities 2.0% | ||
Ameren Corp. | 176,190 | 12,380,871 |
DTE Energy Co. | 105,297 | 12,395,563 |
Total | 24,776,434 | |
Total Utilities | 38,569,263 | |
Total Common Stocks (Cost $854,358,184) | 1,191,007,099 | |
8 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
February 28, 2021
Money Market Funds 2.4% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.086%(c),(d) | 28,709,776 | 28,706,905 |
Total Money Market Funds (Cost $28,706,654) | 28,706,905 | |
Total Investments in Securities (Cost: $883,064,838) | 1,219,714,004 | |
Other Assets & Liabilities, Net | 1,376,138 | |
Net Assets | 1,221,090,142 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
S&P 500 Index E-mini | 145 | 03/2021 | USD | 27,616,700 | — | (487,122) |
(a) | Non-income producing investment. |
(b) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(c) | The rate shown is the seven-day current annualized yield at February 28, 2021. |
(d) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended February 28, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.086% | ||||||||
6,034,636 | 489,160,183 | (466,487,582) | (332) | 28,706,905 | 2,072 | 43,177 | 28,709,776 |
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 Select Large Cap Equity Fund | Annual Report 2021 | 9 |
February 28, 2021
Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Investment Manager, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 116,106,951 | — | — | 116,106,951 |
Consumer Discretionary | 156,200,377 | — | — | 156,200,377 |
Consumer Staples | 56,722,760 | — | — | 56,722,760 |
Energy | 31,272,163 | — | — | 31,272,163 |
Financials | 131,835,132 | — | — | 131,835,132 |
Health Care | 162,160,620 | — | — | 162,160,620 |
Industrials | 126,110,824 | — | — | 126,110,824 |
Information Technology | 340,755,719 | — | — | 340,755,719 |
Real Estate | 31,273,290 | — | — | 31,273,290 |
Utilities | 38,569,263 | — | — | 38,569,263 |
Total Common Stocks | 1,191,007,099 | — | — | 1,191,007,099 |
Money Market Funds | 28,706,905 | — | — | 28,706,905 |
Total Investments in Securities | 1,219,714,004 | — | — | 1,219,714,004 |
Investments in Derivatives | ||||
Liability | ||||
Futures Contracts | (487,122) | — | — | (487,122) |
Total | 1,219,226,882 | — | — | 1,219,226,882 |
10 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
February 28, 2021
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $854,358,184) | $1,191,007,099 |
Affiliated issuers (cost $28,706,654) | 28,706,905 |
Receivable for: | |
Capital shares sold | 300,876 |
Dividends | 1,670,475 |
Expense reimbursement due from Investment Manager | 11,917 |
Prepaid expenses | 22,008 |
Total assets | 1,221,719,280 |
Liabilities | |
Payable for: | |
Capital shares purchased | 224,029 |
Variation margin for futures contracts | 136,300 |
Management services fees | 24,559 |
Distribution and/or service fees | 1,698 |
Transfer agent fees | 47,349 |
Compensation of board members | 163,906 |
Compensation of chief compliance officer | 8 |
Other expenses | 31,289 |
Total liabilities | 629,138 |
Net assets applicable to outstanding capital stock | $1,221,090,142 |
Represented by | |
Paid in capital | 846,719,175 |
Total distributable earnings (loss) | 374,370,967 |
Total - representing net assets applicable to outstanding capital stock | $1,221,090,142 |
Class A | |
Net assets | $216,047,153 |
Shares outstanding | 12,501,474 |
Net asset value per share | $17.28 |
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) | $18.33 |
Advisor Class | |
Net assets | $1,677,542 |
Shares outstanding | 98,423 |
Net asset value per share | $17.04 |
Class C | |
Net assets | $7,702,969 |
Shares outstanding | 494,493 |
Net asset value per share | $15.58 |
Institutional Class | |
Net assets | $169,475,822 |
Shares outstanding | 9,893,733 |
Net asset value per share | $17.13 |
Institutional 2 Class | |
Net assets | $102,131,409 |
Shares outstanding | 5,759,256 |
Net asset value per share | $17.73 |
Institutional 3 Class | |
Net assets | $724,055,247 |
Shares outstanding | 42,983,185 |
Net asset value per share | $16.85 |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 11 |
Year Ended February 28, 2021
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $14,888,556 |
Dividends — affiliated issuers | 43,177 |
Interfund lending | 150 |
Foreign taxes withheld | (41,214) |
Total income | 14,890,669 |
Expenses: | |
Management services fees | 6,482,430 |
Distribution and/or service fees | |
Class A | 461,794 |
Class C | 70,180 |
Transfer agent fees | |
Class A | 258,660 |
Advisor Class | 1,840 |
Class C | 9,834 |
Institutional Class | 199,921 |
Institutional 2 Class | 30,717 |
Institutional 3 Class | 33,486 |
Compensation of board members | 45,484 |
Custodian fees | 14,087 |
Printing and postage fees | 28,850 |
Registration fees | 101,819 |
Audit fees | 29,500 |
Legal fees | 16,445 |
Interest on collateral | 333 |
Compensation of chief compliance officer | 217 |
Other | 30,880 |
Total expenses | 7,816,477 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (3,242,272) |
Expense reduction | (966) |
Total net expenses | 4,573,239 |
Net investment income | 10,317,430 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 64,783,603 |
Investments — affiliated issuers | 2,072 |
Futures contracts | 1,938,305 |
Net realized gain | 66,723,980 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 166,840,008 |
Investments — affiliated issuers | (332) |
Futures contracts | (25,505) |
Net change in unrealized appreciation (depreciation) | 166,814,171 |
Net realized and unrealized gain | 233,538,151 |
Net increase in net assets resulting from operations | $243,855,581 |
12 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $10,317,430 | $13,439,679 |
Net realized gain | 66,723,980 | 33,948,506 |
Net change in unrealized appreciation (depreciation) | 166,814,171 | 6,853,711 |
Net increase in net assets resulting from operations | 243,855,581 | 54,241,896 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (13,886,746) | (8,128,738) |
Advisor Class | (98,725) | (211,295) |
Class C | (537,915) | (331,874) |
Institutional Class | (11,261,374) | (8,874,648) |
Institutional 2 Class | (5,423,544) | (1,276,966) |
Institutional 3 Class | (34,366,164) | (20,084,460) |
Total distributions to shareholders | (65,574,468) | (38,907,981) |
Increase (decrease) in net assets from capital stock activity | 365,045,971 | (18,482,795) |
Total increase (decrease) in net assets | 543,327,084 | (3,148,880) |
Net assets at beginning of year | 677,763,058 | 680,911,938 |
Net assets at end of year | $1,221,090,142 | $677,763,058 |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 13 |
Year Ended | Year Ended | |||
February 28, 2021 | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 2,634,765 | 39,435,220 | 1,117,225 | 16,161,538 |
Distributions reinvested | 322,834 | 5,048,030 | 193,648 | 2,772,344 |
Redemptions | (1,408,709) | (21,385,270) | (1,231,202) | (18,070,781) |
Net increase | 1,548,890 | 23,097,980 | 79,671 | 863,101 |
Advisor Class | ||||
Subscriptions | 87,383 | 1,328,743 | 103,618 | 1,483,868 |
Distributions reinvested | 6,288 | 98,506 | 14,912 | 211,152 |
Redemptions | (229,948) | (3,191,942) | (111,845) | (1,662,976) |
Net increase (decrease) | (136,277) | (1,764,693) | 6,685 | 32,044 |
Class C | ||||
Subscriptions | 133,822 | 1,686,630 | 96,991 | 1,277,788 |
Distributions reinvested | 33,333 | 469,014 | 22,225 | 288,516 |
Redemptions | (140,027) | (1,887,046) | (262,590) | (3,453,111) |
Net increase (decrease) | 27,128 | 268,598 | (143,374) | (1,886,807) |
Institutional Class | ||||
Subscriptions | 1,941,261 | 29,312,136 | 1,617,438 | 22,932,594 |
Distributions reinvested | 665,332 | 10,341,642 | 449,621 | 6,390,254 |
Redemptions | (1,624,633) | (24,722,844) | (4,574,789) | (68,579,665) |
Net increase (decrease) | 981,960 | 14,930,934 | (2,507,730) | (39,256,817) |
Institutional 2 Class | ||||
Subscriptions | 6,299,742 | 104,004,042 | 505,441 | 7,507,267 |
Distributions reinvested | 327,061 | 5,423,544 | 87,065 | 1,276,817 |
Redemptions | (2,425,693) | (40,064,935) | (399,153) | (5,986,153) |
Net increase | 4,201,110 | 69,362,651 | 193,353 | 2,797,931 |
Institutional 3 Class | ||||
Subscriptions | 20,553,142 | 316,958,657 | 4,413,726 | 64,981,120 |
Distributions reinvested | 1,835,143 | 27,989,030 | 1,241,280 | 17,368,334 |
Redemptions | (5,667,507) | (85,797,186) | (4,384,530) | (63,381,701) |
Net increase | 16,720,778 | 259,150,501 | 1,270,476 | 18,967,753 |
Total net increase (decrease) | 23,343,589 | 365,045,971 | (1,100,919) | (18,482,795) |
14 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Year Ended 2/28/2021 | $14.22 | 0.14 | 4.08 | 4.22 | (0.21) | (0.95) | (1.16) |
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) |
Advisor Class | |||||||
Year Ended 2/28/2021 | $14.04 | 0.18 | 4.02 | 4.20 | (0.25) | (0.95) | (1.20) |
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(e) | $13.61 | 0.11 | 1.63 | 1.74 | (0.10) | (0.59) | (0.69) |
Class C | |||||||
Year Ended 2/28/2021 | $12.92 | 0.03 | 3.69 | 3.72 | (0.11) | (0.95) | (1.06) |
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) |
Institutional Class | |||||||
Year Ended 2/28/2021 | $14.10 | 0.18 | 4.05 | 4.23 | (0.25) | (0.95) | (1.20) |
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) |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $14.55 | 0.21 | 4.18 | 4.39 | (0.26) | (0.95) | (1.21) |
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) |
16 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $17.28 | 30.70% | 1.16%(c) | 0.79%(c),(d) | 0.92% | 64% | $216,047 |
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 |
Advisor Class | |||||||
Year Ended 2/28/2021 | $17.04 | 30.96% | 0.91%(c) | 0.54%(c),(d) | 1.18% | 64% | $1,678 |
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(e) | $14.66 | 12.96% | 0.97%(f) | 0.69%(d),(f) | 1.17%(f) | 45% | $240 |
Class C | |||||||
Year Ended 2/28/2021 | $15.58 | 29.82% | 1.91%(c) | 1.54%(c),(d) | 0.18% | 64% | $7,703 |
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 |
Institutional Class | |||||||
Year Ended 2/28/2021 | $17.13 | 31.04% | 0.91%(c) | 0.54%(c),(d) | 1.18% | 64% | $169,476 |
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 |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $17.73 | 31.20% | 0.83%(c) | 0.46%(c) | 1.26% | 64% | $102,131 |
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 |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 17 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $13.88 | 0.20 | 3.98 | 4.18 | (0.26) | (0.95) | (1.21) |
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(g) | $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) | Ratios include interest on collateral expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Advisor Class shares commenced operations on July 5, 2017. Per share data and total return reflect activity from that date. |
(f) | Annualized. |
(g) | 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 | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $16.85 | 31.26% | 0.78%(c) | 0.41%(c) | 1.29% | 64% | $724,055 |
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(g) | $14.51 | 17.63% | 0.81% | 0.76% | 0.98% | 45% | $330,311 |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 19 |
February 28, 2021
20 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
February 28, 2021
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 21 |
February 28, 2021
22 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
February 28, 2021
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 487,122* |
* | 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 ($) |
Equity risk | 1,938,305 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | (25,505) |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 16,594,021 |
* | Based on the ending quarterly outstanding amounts for the year ended February 28, 2021. |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 23 |
February 28, 2021
24 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
February 28, 2021
Effective rate (%) | |
Class A | 0.14 |
Advisor Class | 0.14 |
Class C | 0.14 |
Institutional Class | 0.14 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 25 |
February 28, 2021
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 89,352 |
Class C | — | 1.00(b) | 74 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
July 1, 2020 through June 30, 2021 | Prior to July 1, 2020 | |
Class A | 0.80% | 0.80% |
Advisor Class | 0.55 | 0.55 |
Class C | 1.55 | 1.55 |
Institutional Class | 0.55 | 0.55 |
Institutional 2 Class | 0.46 | 0.46 |
Institutional 3 Class | 0.41 | 0.42 |
26 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
February 28, 2021
Undistributed net investment income ($) | Accumulated net realized gain ($) | Paid in capital ($) |
1,329,809 | (1,329,809) | — |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | ||||
Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
13,508,359 | 52,066,109 | 65,574,468 | 7,960,854 | 30,947,127 | 38,907,981 |
Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
18,596,701 | 20,735,242 | — | 335,200,342 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
884,026,540 | 346,136,350 | (10,936,008) | 335,200,342 |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 27 |
February 28, 2021
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 4,450,000 | 0.60 | 2 |
28 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
February 28, 2021
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 29 |
February 28, 2021
30 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 31 |
Qualified dividend income | Dividends received deduction | Capital gain dividend |
78.80% | 77.24% | $55,535,947 |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
George S. Batejan c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1953 | Trustee since 2017 | Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 | 172 | Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018 |
32 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Kathleen Blatz c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2006 | Attorney; specializing in arbitration and mediation; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member and Interim Chair, Minnesota Sports Facilities Authority, January 2017-July 2017; Interim President and Chief Executive Officer, Blue Cross and Blue Shield of Minnesota (health care insurance), February-July 2018 | 172 | Trustee, BlueCross BlueShield of Minnesota since 2009 (Chair of the Business Development Committee - 2014-2017; Chair of the Governance Committee, 2017-2019); former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017-July 2017; Director, Robina Foundation, 2009-2020 (Chair, 2014-2020) |
Pamela G. Carlton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2007 | President, Springboard — Partners in Cross Cultural Leadership (consulting company) since 2003; Managing Director of US Equity Research, JP Morgan Chase, 1999-2003; Director of US Equity Research, Chase Asset Management, 1996-1999; Co-Director Latin America Research, 1993-1996, COO Global Research, 1992-1996, Co-Director of US Research, 1991-1992, Investment Banker, 1982-1991, Morgan Stanley; Attorney at Cleary Gottlieb Steen & Hamilton LLP, 1980-1982 | 172 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of People Committee) since 1996; Director, DR Bank (Audit Committee) since 2017; Director, Evercore Inc. (Audit Committee, Nominating and Governance Committee) since 2019 |
Janet Langford Carrig c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1957 | Trustee since 1996 | Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (independent energy company), September 2007-October 2018 | 170 | Director, EQT Corporation (natural gas producer) since 2019; Director, Whiting Petroleum Corporation (independent oil and gas company) since 2020 |
J. Kevin Connaughton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2020(a) | Member, FINRA National Adjudicatory Council since January 2020; Adjunct Professor of Finance, Bentley University since January 2018; Managing Director and General Manager of Mutual Fund Products, Columbia Management Investment Advisers, LLC, May 2010-February 2015; President, Columbia Funds, 2008-2015; and senior officer of Columbia Funds and affiliated funds, 2003-2015 | 170 | Director, The Autism Project since March 2015; former Member of the Investment Committee, St. Michael’s College, November 2015-February 2020; former Trustee, St. Michael’s College, June 2017-September 2019; former Trustee, New Century Portfolios, January 2015-December 2017 |
Olive M. Darragh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1962 | Trustee since 2020(a) | Managing Director of Darragh Inc. (strategy and talent management consulting firm) since 2010; Founder and CEO, Zolio, Inc. (investment management talent identification platform) since 2004; Partner, Tudor Investments, 2004-2010; Senior Partner, McKinsey & Company (consulting), 2001-2004 | 170 | Former Director, University of Edinburgh Business School (Member of US Board); former Director, Boston Public Library Foundation |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 33 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Patricia M. Flynn c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1950 | Trustee since 2004 | Trustee Professor of Economics and Management, Bentley University since 1976 (also teaches and conducts research on corporate governance); Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 | 172 | Trustee, MA Taxpayers Foundation since 1997; Board of Governors, Innovation Institute, MA Technology Collaborative, 2010-2019; Board of Directors, The MA Business Roundtable, 2003-2019 |
Brian J. Gallagher c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2017 | Retired; Partner with Deloitte & Touche LLP and its predecessors, 1977-2016 | 172 | Trustee, Catholic Schools Foundation since 2004 |
Douglas A. Hacker c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1955 | Co-Chair since 2021; Chair of CFST I and CFVIT since 2014; Trustee of CFST I and CFVIT since 1996 and CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2021 | Independent business executive since May 2006; Executive Vice President – Strategy of United Airlines, December 2002 - May 2006; President of UAL Loyalty Services (airline marketing company), September 2001-December 2002; Executive Vice President and Chief Financial Officer of United Airlines, July 1999-September 2001 | 170 | Director, Spartan Nash Company (food distributor); Director, Aircastle Limited (Chair of Audit Committee) (aircraft leasing); former Director, Nash Finch Company (food distributor), 2005-2013; former Director, SeaCube Container Leasing Ltd. (container leasing), 2010-2013; and former Director, Travelport Worldwide Limited (travel information technology), 2014-2019 |
Nancy T. Lukitsh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1956 | Trustee since 2011 | Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser), 1997-2010; Chair, Wellington Management Portfolios (commingled non-U.S. investment pools), 2007 -2010; Director, Wellington Trust Company, NA and other Wellington affiliates, 1997-2010 | 170 | |
David M. Moffett c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Trustee since 2011 | Retired; Consultant to Bridgewater and Associates | 170 | Director, CSX Corporation (transportation suppliers); Director, Genworth Financial, Inc. (financial and insurance products and services); Director, PayPal Holdings Inc. (payment and data processing services); Trustee, University of Oklahoma Foundation; former Director, eBay Inc. (online trading community), 2007-2015; and former Director, CIT Bank, CIT Group Inc. (commercial and consumer finance), 2010-2016 |
34 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Catherine James Paglia c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Co-Chair since 2021; Chair of CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2020; Trustee of CFST, CFST II and CFVST II since 2004 and CFST I and CFVIT since 2021 | Director, Enterprise Asset Management, Inc. (private real estate and asset management company) since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989-1997; Vice President, 1982-1985, Principal, 1985-1987, Managing Director, 1987-1989, Morgan Stanley; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. | 172 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012; Trustee, Carleton College (on the Investment Committee); Trustee, Carnegie Endowment for International Peace (on the Investment Committee) |
Anthony M. Santomero c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1946 | Trustee since 2008 | Richard K. Mellon Professor Emeritus of Finance, The Wharton School, University of Pennsylvania, since 2002; Senior Advisor, McKinsey & Company (consulting), 2006-2008; President, Federal Reserve Bank of Philadelphia, 2000-2006; Professor of Finance, The Wharton School, University of Pennsylvania, 1972-2002 | 172 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, RenaissanceRe Holdings Ltd. since May 2008; former Director, Citigroup Inc. and Citibank, N.A., 2009-2019; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 |
Minor M. Shaw c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1947 | Trustee since 2003 | President, Micco LLC (private investments) since 2011; President, Micco Corp. (family investment business), 1998-2011 | 172 | Director, BlueCross BlueShield of South Carolina (Chair of Compensation Committee) since April 2008; Trustee, Hollingsworth Funds (on the Investment Committee) since 2016 (previously Board Chair from 2016-2019); Former Advisory Board member, Duke Energy Corp., 2016-2020; Chair of the Duke Endowment; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016; former Director, National Association of Corporate Directors, Carolinas Chapter, 2013-2018; Chair, Daniel-Mickel Foundation |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 35 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Natalie A. Trunow c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1967 | Trustee since 2020(a) | Chief Executive Officer, Millennial Portfolio Solutions LLC (asset management and consulting services) since January 2016; Non-executive Member of the Investment Committee, Sarona Asset Management Inc. (private equity firm) since September 2019; Advisor, Horizon Investments (asset management and consulting services) since August 2018; Advisor, Paradigm Asset Management since November 2016; Director of Investments, Casey Family Programs, April 2016-September 2016; Senior Vice President and Chief Investment Officer, Calvert Investments, August 2008 - January 2016; Section Head and Portfolio Manager, General Motors Asset Management, June 1997-August 2008 | 170 | Director, Health Services for Children with Special Needs, Inc.; Director, Consumer Credit Counseling Services (formerly Guidewell Financial Solutions); Independent Director, Investment Committee, Sarona Asset Management |
Sandra Yeager c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2017 | Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 | 172 | Director, NAPE Education Foundation, October 2016-October 2020 |
* | The term “Columbia Funds Complex” as used herein includes Columbia Seligman Premium Technology Growth Fund, Tri-Continental Corporation and each series of Columbia Fund Series Trust (CFST), Columbia Funds Series Trust I (CFST I), Columbia Funds Series Trust II (CFST II), Columbia ETF Trust I, Columbia ETF Trust II, Columbia Funds Variable Insurance Trust (CFVIT) and Columbia Funds Variable Series Trust II (CFVST II). Messrs. Batejan, Gallagher, Petersen and Santomero and Mses. Blatz, Carlton, Flynn, Paglia, Shaw and Yeager serve as a director of Columbia Seligman Premium Technology Growth Fund and Tri-Continental Corporation. |
(a) | J. Kevin Connaughton was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective March 1, 2016. Natalie A. Trunow was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective September 1, 2016. Olive M. Darragh was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective June 10, 2019. Shareholders of the Funds elected Mr. Connaughton and Mses. Darragh and Trunow as Trustees of CFST I, effective January 1, 2021, and of CFVIT, effective July 1, 2020. |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during the past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex overseen | Other directorships held by Trustee during the past five years |
Christopher O. Petersen c/o Columbia Management Investment Advisers, LLC 5228 Ameriprise Financial Center Minneapolis, MN 55474 1970 | Trustee since 2020(a) | Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since January 2015 (previously Vice President and Chief Counsel, January 2010-December 2014); officer of Columbia Funds and affiliated funds since 2007 | 172 | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
(a) | Mr. Petersen serves as the President and Principal Executive Officer of the Columbia Funds (since 2015). |
36 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
The Board has appointed officers who are responsible for day-to-day business decisions based on policies it has established. The officers serve at the pleasure of the Board. The following table provides basic information about the Officers of the Fund as of the printing of this report, including principal occupations during the past five years, although their specific titles may have varied over the period. In addition to Mr. Petersen, who is the President and Principal Executive Officer, the Fund’s other officers are:
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Michael G. Clarke 225 Franklin Street Boston, MA 02110 1969 | Chief Financial Officer and Principal Financial Officer (2009) and Senior Vice President (2019) | Vice President, Head of North American Operations, and Co-Head of Global Operations, Columbia Management Investment Advisers, LLC, since June 2019 (previously Vice President – Accounting and Tax, May 2010 – May 2019); senior officer of Columbia Funds and affiliated funds since 2002. |
Joseph Beranek 5890 Ameriprise Financial Center Minneapolis, MN 55474 1965 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) (2019) and Principal Financial Officer (2020), CFST, CFST I, CFST II, CFVIT and CFVST II; Assistant Treasurer, Columbia ETF Trust I and Columbia ETF Trust II | Vice President – Mutual Fund Accounting and Financial Reporting, Columbia Management Investment Advisers, LLC, since December 2018 and March 2017, respectively (previously Vice President – Pricing and Corporate Actions, May 2010 - March 2017). |
Marybeth Pilat 225 Franklin Street Boston, MA 02110 1968 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer (2020) for Columbia ETF Trust I and Columbia ETF Trust II; Assistant Treasurer, CFST, CFST I, CFST II, CFVIT and CFVST II | Vice President – Product Pricing and Administration, Columbia Management Investment Advisers, LLC, since May 2017; Director - Fund Administration, Calvert Investments, August 2015 – March 2017; Vice President - Fund Administration, Legg Mason, May 2015 - July 2015; Vice President - Fund Administration, Columbia Management Investment Advisers, LLC, May 2010 - April 2015. |
William F. Truscott 225 Franklin Street Boston, MA 02110 1960 | Senior Vice President (2001) | Formerly, Trustee of Columbia Funds Complex until January 1, 2021; Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012; Chairman of the Board and President, Columbia Management Investment Advisers, LLC since July 2004 and February 2012, respectively; Chairman of the Board and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since November 2008 and February 2012, respectively; Chairman of the Board and Director, Threadneedle Asset Management Holdings, Sàrl since March 2013 and December 2008, respectively; senior executive of various entities affiliated with Columbia Threadneedle. |
Paul B. Goucher 485 Lexington Avenue New York, NY 10017 1968 | Senior Vice President (2011) and Assistant Secretary (2008) | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since March 2015 (previously Vice President and Assistant Secretary, May 2010 – March 2015). |
Thomas P. McGuire 225 Franklin Street Boston, MA 02110 1972 | Senior Vice President and Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Columbia Acorn/Wanger Funds since December 2015; Chief Compliance Officer, Ameriprise Certificate Company September 2010 – September 2020. |
Colin Moore 225 Franklin Street Boston, MA 02110 1958 | Senior Vice President (2010) | Executive Vice President and Global Chief Investment Officer, Ameriprise Financial, Inc., since July 2013; Executive Vice President and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since July 2013. |
Columbia Select Large Cap Equity Fund | Annual Report 2021 | 37 |
Fund officers (continued)
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Ryan C. Larrenaga 225 Franklin Street Boston, MA 02110 1970 | Senior Vice President (2017), Chief Legal Officer (2017), and Secretary (2015) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously Vice President and Group Counsel, August 2011 - August 2018); Chief Legal Officer, Columbia Acorn/Wanger Funds, since September 2020; officer of Columbia Funds and affiliated funds since 2005. |
Daniel J. Beckman 225 Franklin Street Boston, MA 02110 1962 | Senior Vice President (2020) | Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015). |
Michael E. DeFao 225 Franklin Street Boston, MA 02110 1968 | Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. |
Lyn Kephart-Strong 5228 Ameriprise Financial Center Minneapolis, MN 55474 1960 | Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Trustee | Votes for | Votes withheld | Abstentions |
George S. Batejan | 1,166,986,012 | 16,252,243 | 0 |
Kathleen Blatz | 1,167,818,192 | 15,420,063 | 0 |
Pamela G. Carlton | 1,167,761,255 | 15,477,001 | 0 |
Janet Langford Carrig | 1,169,443,247 | 13,795,008 | 0 |
J. Kevin Connaughton | 1,168,554,731 | 14,683,525 | 0 |
Olive M. Darragh | 1,169,004,224 | 14,234,032 | 0 |
Patricia M. Flynn | 1,168,110,224 | 15,128,031 | 0 |
Brian J. Gallagher | 1,166,931,187 | 16,307,068 | 0 |
Douglas A. Hacker | 1,168,253,721 | 14,984,535 | 0 |
Nancy T. Lukitsh | 1,169,128,202 | 14,110,053 | 0 |
David M. Moffett | 1,167,387,510 | 15,850,745 | 0 |
Catherine James Paglia | 1,167,159,143 | 16,079,112 | 0 |
Anthony M. Santomero | 1,166,760,857 | 16,477,398 | 0 |
Minor M. Shaw | 1,165,931,084 | 17,307,171 | 0 |
Natalie A. Trunow | 1,168,907,601 | 14,330,655 | 0 |
Sandra Yeager | 1,167,549,796 | 15,688,459 | 0 |
Christopher O. Petersen | 1,167,593,463 | 15,644,793 | 0 |
38 | Columbia Select Large Cap Equity Fund | Annual Report 2021 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
February 28, 2021
3 | |
5 | |
7 | |
8 | |
19 | |
20 | |
21 | |
24 | |
26 | |
37 | |
38 | |
38 | |
44 |
Average annual total returns (%) (for the period ended February 28, 2021) | |||||
Inception | 1 Year | 5 Years | 10 Years | ||
Class A | 10/10/95 | 30.69 | 16.29 | 12.93 | |
Institutional Class | 12/15/93 | 31.02 | 16.59 | 13.21 | |
Institutional 2 Class* | 11/08/12 | 31.01 | 16.58 | 13.21 | |
Institutional 3 Class* | 03/01/17 | 31.00 | 16.59 | 13.21 | |
S&P 500 Index | 31.29 | 16.82 | 13.43 |
* | 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 | Annual Report 2021 | 3 |
Portfolio breakdown (%) (at February 28, 2021) | |
Common Stocks | 99.5 |
Money Market Funds | 0.5 |
Total | 100.0 |
Equity sector breakdown (%) (at February 28, 2021) | |
Communication Services | 11.1 |
Consumer Discretionary | 12.4 |
Consumer Staples | 6.0 |
Energy | 2.9 |
Financials | 11.2 |
Health Care | 13.1 |
Industrials | 8.4 |
Information Technology | 27.4 |
Materials | 2.6 |
Real Estate | 2.4 |
Utilities | 2.5 |
Total | 100.0 |
4 | Columbia Large Cap Index Fund | Annual Report 2021 |
• | Ten of the eleven sectors of the S&P 500 Index posted a positive return during the 12 months ended February 28, 2021. |
• | In terms of total return, information technology was the best relative performer, followed by consumer discretionary and materials. |
• | On the basis of impact, which takes weighting and total returns into account, information technology was the biggest contributor to the Index’s return, followed at some distance by consumer discretionary and communication services. |
• | The top performing industries for the annual period on the basis of total return were technology hardware and equipment; semiconductors and semiconductor equipment; retailing; media and entertainment; and transportation. |
• | Top individual contributors within the S&P 500 Index during the annual period included information technology giants Apple Inc., Microsoft Corp. and Alphabet Inc.; e-commerce retailing behemoth Amazon.com Inc.; and semiconductor producer NVIDIA Corp. |
Columbia Large Cap Index Fund | Annual Report 2021 | 5 |
• | Information technology remained the largest sector by weighting in the S&P 500 Index as of February 28, 2021, with a weighting of 27.34%. Each sector and stock in the S&P 500 Index was represented in the fund with approximately the same weighting as in the Index and therefore had a similar effect. |
• | Utilities, real estate and energy were the weakest sectors from both a total return perspective and on the basis of impact. |
• | The worst performing industries for the annual period on the basis of total return were utilities; telecommunication services; real estate; food, beverage and tobacco; and energy. |
• | Top individual detractors were telecommunication company AT&T Inc.; aerospace and defense company The Boeing Company; diversified financial services firm Wells Fargo & Co.; aircraft manufacturing company Raytheon Technologies Corp.; and beverage manufacturer The Coca-Cola Company. |
6 | Columbia Large Cap Index Fund | Annual Report 2021 |
(Unaudited)
September 1, 2020 — February 28, 2021 | |||||||
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 | 1,095.00 | 1,022.31 | 2.31 | 2.23 | 0.45 |
Institutional Class | 1,000.00 | 1,000.00 | 1,096.30 | 1,023.54 | 1.03 | 0.99 | 0.20 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,096.30 | 1,023.54 | 1.03 | 0.99 | 0.20 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,096.10 | 1,023.54 | 1.03 | 0.99 | 0.20 |
Columbia Large Cap Index Fund | Annual Report 2021 | 7 |
February 28, 2021
Common Stocks 99.5% | ||
Issuer | Shares | Value ($) |
Communication Services 11.0% | ||
Diversified Telecommunication Services 1.4% | ||
AT&T, Inc. | 814,704 | 22,722,094 |
Lumen Technologies, Inc. | 112,890 | 1,387,418 |
Verizon Communications, Inc. | 473,102 | 26,162,541 |
Total | 50,272,053 | |
Entertainment 2.2% | ||
Activision Blizzard, Inc. | 88,360 | 8,448,100 |
Electronic Arts, Inc. | 33,164 | 4,442,981 |
Live Nation Entertainment, Inc.(a) | 16,348 | 1,452,683 |
Netflix, Inc.(a) | 50,510 | 27,217,313 |
Take-Two Interactive Software, Inc.(a) | 13,150 | 2,425,649 |
Walt Disney Co. (The)(a) | 206,990 | 39,129,390 |
Total | 83,116,116 | |
Interactive Media & Services 5.8% | ||
Alphabet, Inc., Class A(a) | 34,372 | 69,497,090 |
Alphabet, Inc., Class C(a) | 33,188 | 67,599,310 |
Facebook, Inc., Class A(a) | 274,842 | 70,804,796 |
Twitter, Inc.(a) | 90,931 | 7,007,143 |
Total | 214,908,339 | |
Media 1.4% | ||
Charter Communications, Inc., Class A(a) | 16,682 | 10,233,073 |
Comcast Corp., Class A | 522,010 | 27,520,367 |
Discovery, Inc., Class A(a) | 18,329 | 971,987 |
Discovery, Inc., Class C(a) | 33,727 | 1,517,715 |
DISH Network Corp., Class A(a) | 28,271 | 890,819 |
Fox Corp., Class A | 38,591 | 1,285,466 |
Fox Corp., Class B | 17,686 | 564,714 |
Interpublic Group of Companies, Inc. (The) | 44,592 | 1,164,743 |
News Corp., Class A | 44,697 | 1,048,145 |
News Corp., Class B | 13,922 | 319,092 |
Omnicom Group, Inc. | 24,578 | 1,689,246 |
ViacomCBS, Inc., Class B | 64,593 | 4,165,603 |
Total | 51,370,970 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Wireless Telecommunication Services 0.2% | ||
T-Mobile USA, Inc.(a) | 66,694 | 8,001,279 |
Total Communication Services | 407,668,757 | |
Consumer Discretionary 12.3% | ||
Auto Components 0.2% | ||
Aptiv PLC(a) | 30,872 | 4,625,860 |
BorgWarner, Inc. | 27,955 | 1,257,975 |
Total | 5,883,835 | |
Automobiles 1.9% | ||
Ford Motor Co.(a) | 446,747 | 5,226,940 |
General Motors Co. | 144,002 | 7,391,623 |
Tesla Motors, Inc.(a) | 86,698 | 58,564,499 |
Total | 71,183,062 | |
Distributors 0.1% | ||
Genuine Parts Co. | 16,493 | 1,737,537 |
LKQ Corp.(a) | 32,012 | 1,260,953 |
Pool Corp. | 4,591 | 1,536,929 |
Total | 4,535,419 | |
Hotels, Restaurants & Leisure 1.7% | ||
Carnival Corp.(a) | 91,208 | 2,439,814 |
Chipotle Mexican Grill, Inc.(a) | 3,199 | 4,612,958 |
Darden Restaurants, Inc. | 14,886 | 2,044,294 |
Domino’s Pizza, Inc. | 4,505 | 1,561,028 |
Hilton Worldwide Holdings, Inc. | 31,720 | 3,923,130 |
Las Vegas Sands Corp. | 37,551 | 2,350,693 |
Marriott International, Inc., Class A | 30,406 | 4,502,216 |
McDonald’s Corp. | 85,187 | 17,560,448 |
MGM Resorts International | 46,871 | 1,771,255 |
Norwegian Cruise Line Holdings Ltd.(a) | 36,086 | 1,066,702 |
Royal Caribbean Cruises Ltd. | 21,288 | 1,985,532 |
Starbucks Corp. | 134,187 | 14,496,222 |
Wynn Resorts Ltd.(a) | 11,899 | 1,567,455 |
Yum! Brands, Inc. | 34,489 | 3,570,646 |
Total | 63,452,393 |
8 | Columbia Large Cap Index Fund |���Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Durables 0.4% | ||
D.R. Horton, Inc. | 37,911 | 2,914,218 |
Garmin Ltd. | 17,054 | 2,115,037 |
Leggett & Platt, Inc. | 15,149 | 655,497 |
Lennar Corp., Class A | 31,454 | 2,609,738 |
Mohawk Industries, Inc.(a) | 6,838 | 1,196,582 |
Newell Brands, Inc. | 43,174 | 1,000,342 |
NVR, Inc.(a) | 400 | 1,800,336 |
PulteGroup, Inc. | 30,651 | 1,382,667 |
Whirlpool Corp. | 7,151 | 1,359,262 |
Total | 15,033,679 | |
Internet & Direct Marketing Retail 4.7% | ||
Amazon.com, Inc.(a) | 48,760 | 150,811,267 |
Booking Holdings, Inc.(a) | 4,682 | 10,902,084 |
eBay, Inc. | 74,870 | 4,224,165 |
Etsy, Inc.(a) | 14,416 | 3,175,412 |
Expedia Group, Inc. | 15,542 | 2,502,262 |
Total | 171,615,190 | |
Leisure Products 0.0% | ||
Hasbro, Inc. | 14,570 | 1,365,355 |
Multiline Retail 0.5% | ||
Dollar General Corp. | 28,011 | 5,293,799 |
Dollar Tree, Inc.(a) | 26,889 | 2,640,500 |
Target Corp. | 57,253 | 10,502,490 |
Total | 18,436,789 | |
Specialty Retail 2.1% | ||
Advance Auto Parts, Inc. | 7,758 | 1,243,995 |
AutoZone, Inc.(a) | 2,650 | 3,073,788 |
Best Buy Co., Inc. | 26,348 | 2,644,022 |
CarMax, Inc.(a) | 18,760 | 2,242,008 |
Gap, Inc. (The)(a) | 23,519 | 586,799 |
Home Depot, Inc. (The) | 123,086 | 31,798,037 |
L Brands, Inc.(a) | 26,708 | 1,459,859 |
Lowe’s Companies, Inc. | 83,771 | 13,382,417 |
O’Reilly Automotive, Inc.(a) | 8,283 | 3,705,235 |
Ross Stores, Inc. | 40,702 | 4,747,481 |
TJX Companies, Inc. (The) | 137,266 | 9,058,183 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Tractor Supply Co. | 13,319 | 2,117,188 |
Ulta Beauty, Inc.(a) | 6,441 | 2,076,128 |
Total | 78,135,140 | |
Textiles, Apparel & Luxury Goods 0.7% | ||
Hanesbrands, Inc. | 39,823 | 704,469 |
NIKE, Inc., Class B | 143,460 | 19,335,539 |
PVH Corp. | 8,128 | 812,475 |
Ralph Lauren Corp. | 5,513 | 645,462 |
Tapestry, Inc. | 31,715 | 1,336,470 |
Under Armour, Inc., Class A(a) | 21,555 | 471,839 |
Under Armour, Inc., Class C(a) | 22,250 | 404,950 |
VF Corp. | 36,563 | 2,893,230 |
Total | 26,604,434 | |
Total Consumer Discretionary | 456,245,296 | |
Consumer Staples 6.0% | ||
Beverages 1.4% | ||
Brown-Forman Corp., Class B | 20,868 | 1,493,732 |
Coca-Cola Co. (The) | 442,187 | 21,662,741 |
Constellation Brands, Inc., Class A | 19,379 | 4,149,819 |
Molson Coors Beverage Co., Class B | 21,511 | 956,164 |
Monster Beverage Corp.(a) | 42,249 | 3,706,927 |
PepsiCo, Inc. | 157,997 | 20,411,632 |
Total | 52,381,015 | |
Food & Staples Retailing 1.3% | ||
Costco Wholesale Corp. | 50,445 | 16,697,295 |
Kroger Co. (The) | 88,527 | 2,851,455 |
Sysco Corp. | 58,234 | 4,637,174 |
Walgreens Boots Alliance, Inc. | 82,169 | 3,938,360 |
Walmart, Inc. | 158,499 | 20,592,190 |
Total | 48,716,474 | |
Food Products 1.0% | ||
Archer-Daniels-Midland Co. | 63,611 | 3,599,110 |
Campbell Soup Co. | 23,154 | 1,053,044 |
ConAgra Foods, Inc. | 55,851 | 1,895,024 |
General Mills, Inc. | 69,889 | 3,844,594 |
Hershey Co. (The) | 16,867 | 2,456,679 |
Hormel Foods Corp. | 32,099 | 1,488,431 |
JM Smucker Co. (The) | 13,044 | 1,460,928 |
Columbia Large Cap Index Fund | Annual Report 2021 | 9 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Kellogg Co. | 29,079 | 1,678,149 |
Kraft Heinz Co. (The) | 74,084 | 2,695,176 |
Lamb Weston Holdings, Inc. | 16,731 | 1,334,632 |
McCormick & Co., Inc. | 28,433 | 2,396,333 |
Mondelez International, Inc., Class A | 163,508 | 8,692,085 |
Tyson Foods, Inc., Class A | 33,627 | 2,275,539 |
Total | 34,869,724 | |
Household Products 1.4% | ||
Church & Dwight Co., Inc. | 28,405 | 2,236,894 |
Clorox Co. (The) | 14,411 | 2,609,111 |
Colgate-Palmolive Co. | 97,999 | 7,369,525 |
Kimberly-Clark Corp. | 38,887 | 4,990,369 |
Procter & Gamble Co. (The) | 283,489 | 35,019,396 |
Total | 52,225,295 | |
Personal Products 0.2% | ||
Estee Lauder Companies, Inc. (The), Class A | 25,900 | 7,403,774 |
Tobacco 0.7% | ||
Altria Group, Inc. | 212,470 | 9,263,692 |
Philip Morris International, Inc. | 178,046 | 14,959,425 |
Total | 24,223,117 | |
Total Consumer Staples | 219,819,399 | |
Energy 2.8% | ||
Energy Equipment & Services 0.2% | ||
Baker Hughes Co. | 78,408 | 1,919,428 |
Halliburton Co. | 101,067 | 2,206,293 |
NOV, Inc. | 44,390 | 670,289 |
Schlumberger NV | 159,149 | 4,441,848 |
Total | 9,237,858 | |
Oil, Gas & Consumable Fuels 2.6% | ||
Apache Corp. | 43,156 | 851,468 |
Cabot Oil & Gas Corp. | 45,569 | 843,482 |
Chevron Corp. | 220,088 | 22,008,800 |
ConocoPhillips Co. | 154,865 | 8,054,529 |
Devon Energy Corp. | 67,639 | 1,456,944 |
Diamondback Energy, Inc. | 18,061 | 1,251,266 |
EOG Resources, Inc. | 66,697 | 4,305,958 |
Exxon Mobil Corp.(b) | 483,407 | 26,282,839 |
Hess Corp. | 31,246 | 2,047,550 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
HollyFrontier Corp. | 17,041 | 645,513 |
Kinder Morgan, Inc. | 222,582 | 3,271,955 |
Marathon Oil Corp. | 90,250 | 1,001,775 |
Marathon Petroleum Corp. | 74,388 | 4,063,073 |
Occidental Petroleum Corp. | 95,817 | 2,549,690 |
ONEOK, Inc. | 50,807 | 2,250,242 |
Phillips 66 | 49,939 | 4,147,434 |
Pioneer Natural Resources Co. | 23,118 | 3,434,641 |
Valero Energy Corp. | 46,622 | 3,588,962 |
Williams Companies, Inc. (The) | 138,747 | 3,168,982 |
Total | 95,225,103 | |
Total Energy | 104,462,961 | |
Financials 11.2% | ||
Banks 4.4% | ||
Bank of America Corp. | 870,348 | 30,209,779 |
Citigroup, Inc. | 238,027 | 15,681,219 |
Citizens Financial Group, Inc. | 48,827 | 2,121,045 |
Comerica, Inc. | 15,902 | 1,082,926 |
Fifth Third Bancorp | 81,450 | 2,825,501 |
First Republic Bank | 19,887 | 3,276,383 |
Huntington Bancshares, Inc. | 116,307 | 1,784,149 |
JPMorgan Chase & Co. | 348,496 | 51,288,156 |
KeyCorp | 111,639 | 2,248,409 |
M&T Bank Corp. | 14,668 | 2,213,988 |
People’s United Financial, Inc. | 48,574 | 871,418 |
PNC Financial Services Group, Inc. (The) | 48,441 | 8,155,527 |
Regions Financial Corp. | 109,806 | 2,265,298 |
SVB Financial Group(a) | 5,922 | 2,992,742 |
Truist Financial Corp. | 154,128 | 8,779,131 |
U.S. Bancorp | 156,728 | 7,836,400 |
Wells Fargo & Co. | 472,690 | 17,097,197 |
Zions Bancorp | 18,751 | 996,991 |
Total | 161,726,259 | |
Capital Markets 2.9% | ||
Ameriprise Financial, Inc.(c) | 13,488 | 2,984,085 |
Bank of New York Mellon Corp. (The) | 93,206 | 3,929,565 |
BlackRock, Inc. | 16,216 | 11,262,012 |
Cboe Global Markets, Inc. | 12,352 | 1,222,354 |
Charles Schwab Corp. (The) | 170,542 | 10,525,852 |
10 | Columbia Large Cap Index Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
CME Group, Inc. | 41,042 | 8,196,087 |
Franklin Resources, Inc. | 31,152 | 815,248 |
Goldman Sachs Group, Inc. (The) | 39,337 | 12,567,385 |
Intercontinental Exchange, Inc. | 64,171 | 7,078,703 |
Invesco Ltd. | 43,062 | 965,450 |
MarketAxess Holdings, Inc. | 4,340 | 2,412,780 |
Moody’s Corp. | 18,465 | 5,075,844 |
Morgan Stanley | 171,538 | 13,186,126 |
MSCI, Inc. | 9,477 | 3,928,406 |
Nasdaq, Inc. | 13,128 | 1,815,471 |
Northern Trust Corp. | 23,794 | 2,263,523 |
Raymond James Financial, Inc. | 13,933 | 1,626,538 |
S&P Global, Inc. | 27,507 | 9,059,706 |
State Street Corp. | 40,335 | 2,935,178 |
T. Rowe Price Group, Inc. | 25,888 | 4,197,480 |
Total | 106,047,793 | |
Consumer Finance 0.6% | ||
American Express Co. | 74,567 | 10,085,932 |
Capital One Financial Corp. | 52,293 | 6,285,096 |
Discover Financial Services | 35,041 | 3,296,307 |
Synchrony Financial | 62,073 | 2,400,984 |
Total | 22,068,319 | |
Diversified Financial Services 1.4% | ||
Berkshire Hathaway, Inc., Class B(a) | 222,497 | 53,512,753 |
Insurance 1.9% | ||
Aflac, Inc. | 74,688 | 3,576,808 |
Allstate Corp. (The) | 34,764 | 3,705,843 |
American International Group, Inc. | 98,497 | 4,328,943 |
Aon PLC, Class A | 26,137 | 5,951,656 |
Arthur J Gallagher & Co. | 21,988 | 2,634,162 |
Assurant, Inc. | 6,782 | 835,678 |
Chubb Ltd. | 51,605 | 8,389,941 |
Cincinnati Financial Corp. | 17,107 | 1,674,262 |
Everest Re Group Ltd. | 4,569 | 1,104,830 |
Globe Life, Inc. | 11,009 | 1,028,241 |
Hartford Financial Services Group, Inc. (The) | 40,967 | 2,076,617 |
Lincoln National Corp. | 20,770 | 1,181,190 |
Loews Corp. | 26,712 | 1,277,101 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Marsh & McLennan Companies, Inc. | 57,986 | 6,681,147 |
MetLife, Inc. | 87,456 | 5,037,466 |
Principal Financial Group, Inc. | 29,211 | 1,652,758 |
Progressive Corp. (The) | 66,951 | 5,754,439 |
Prudential Financial, Inc. | 45,274 | 3,926,161 |
Travelers Companies, Inc. (The) | 28,960 | 4,213,680 |
Unum Group | 23,284 | 616,560 |
Willis Towers Watson PLC | 14,738 | 3,251,792 |
WR Berkley Corp. | 16,097 | 1,116,005 |
Total | 70,015,280 | |
Total Financials | 413,370,404 | |
Health Care 13.1% | ||
Biotechnology 1.8% | ||
AbbVie, Inc. | 201,844 | 21,746,673 |
Alexion Pharmaceuticals, Inc.(a) | 25,020 | 3,821,805 |
Amgen, Inc. | 66,558 | 14,970,225 |
Biogen, Inc.(a) | 17,593 | 4,800,778 |
Gilead Sciences, Inc. | 143,314 | 8,799,480 |
Incyte Corp.(a) | 21,282 | 1,674,042 |
Regeneron Pharmaceuticals, Inc.(a) | 11,988 | 5,401,433 |
Vertex Pharmaceuticals, Inc.(a) | 29,730 | 6,319,111 |
Total | 67,533,547 | |
Health Care Equipment & Supplies 3.8% | ||
Abbott Laboratories | 202,631 | 24,271,141 |
ABIOMED, Inc.(a) | 5,167 | 1,676,950 |
Align Technology, Inc.(a) | 8,203 | 4,652,003 |
Baxter International, Inc. | 58,401 | 4,537,174 |
Becton Dickinson and Co. | 33,159 | 7,996,293 |
Boston Scientific Corp.(a) | 163,709 | 6,348,635 |
Cooper Companies, Inc. (The) | 5,607 | 2,165,031 |
Danaher Corp. | 72,282 | 15,878,187 |
Dentsply Sirona, Inc. | 24,987 | 1,326,060 |
DexCom, Inc.(a) | 10,979 | 4,367,227 |
Edwards Lifesciences Corp.(a) | 71,255 | 5,921,290 |
Hologic, Inc.(a) | 29,384 | 2,118,292 |
IDEXX Laboratories, Inc.(a) | 9,752 | 5,072,698 |
Intuitive Surgical, Inc.(a) | 13,440 | 9,902,592 |
Medtronic PLC | 153,888 | 18,000,279 |
ResMed, Inc. | 16,568 | 3,193,979 |
Columbia Large Cap Index Fund | Annual Report 2021 | 11 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
STERIS PLC | 9,755 | 1,705,174 |
Stryker Corp. | 37,378 | 9,071,267 |
Teleflex, Inc. | 5,324 | 2,119,591 |
Varian Medical Systems, Inc.(a) | 10,444 | 1,830,520 |
West Pharmaceutical Services, Inc. | 8,452 | 2,372,054 |
Zimmer Biomet Holdings, Inc. | 23,698 | 3,864,196 |
Total | 138,390,633 | |
Health Care Providers & Services 2.5% | ||
AmerisourceBergen Corp. | 16,813 | 1,701,812 |
Anthem, Inc. | 28,434 | 8,620,904 |
Cardinal Health, Inc. | 33,546 | 1,728,290 |
Centene Corp.(a) | 66,287 | 3,880,441 |
Cigna Corp. | 41,303 | 8,669,500 |
CVS Health Corp. | 149,646 | 10,195,382 |
DaVita, Inc.(a) | 8,451 | 863,101 |
HCA Healthcare, Inc. | 30,175 | 5,191,005 |
Henry Schein, Inc.(a) | 16,323 | 1,009,577 |
Humana, Inc. | 15,130 | 5,744,104 |
Laboratory Corp. of America Holdings(a) | 11,136 | 2,671,638 |
McKesson Corp. | 18,357 | 3,111,879 |
Quest Diagnostics, Inc. | 15,408 | 1,781,011 |
UnitedHealth Group, Inc. | 108,477 | 36,038,229 |
Universal Health Services, Inc., Class B | 8,886 | 1,113,682 |
Total | 92,320,555 | |
Health Care Technology 0.1% | ||
Cerner Corp. | 35,052 | 2,423,495 |
Life Sciences Tools & Services 1.2% | ||
Agilent Technologies, Inc. | 34,985 | 4,270,619 |
Bio-Rad Laboratories, Inc., Class A(a) | 2,461 | 1,438,454 |
Illumina, Inc.(a) | 16,692 | 7,334,632 |
IQVIA Holdings, Inc.(a) | 21,920 | 4,225,957 |
Mettler-Toledo International, Inc.(a) | 2,720 | 3,035,656 |
PerkinElmer, Inc. | 12,802 | 1,614,204 |
Thermo Fisher Scientific, Inc. | 45,312 | 20,394,025 |
Waters Corp.(a) | 7,094 | 1,942,905 |
Total | 44,256,452 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Pharmaceuticals 3.7% | ||
Bristol-Myers Squibb Co. | 258,354 | 15,844,851 |
Catalent, Inc.(a) | 18,830 | 2,141,159 |
Eli Lilly and Co. | 90,773 | 18,598,480 |
Johnson & Johnson | 300,975 | 47,692,498 |
Merck & Co., Inc. | 289,255 | 21,005,698 |
Perrigo Co. PLC | 15,605 | 629,818 |
Pfizer, Inc. | 635,483 | 21,282,326 |
Viatris, Inc.(a) | 137,930 | 2,048,261 |
Zoetis, Inc. | 54,337 | 8,435,276 |
Total | 137,678,367 | |
Total Health Care | 482,603,049 | |
Industrials 8.4% | ||
Aerospace & Defense 1.5% | ||
Boeing Co. (The)(a) | 60,669 | 12,862,435 |
General Dynamics Corp. | 26,575 | 4,344,215 |
Howmet Aerospace, Inc.(a) | 44,616 | 1,254,156 |
Huntington Ingalls Industries, Inc. | 4,630 | 814,463 |
L3Harris Technologies, Inc. | 24,022 | 4,369,842 |
Lockheed Martin Corp. | 28,149 | 9,296,207 |
Northrop Grumman Corp. | 17,726 | 5,169,965 |
Raytheon Technologies Corp. | 173,632 | 12,499,768 |
Teledyne Technologies, Inc.(a) | 4,217 | 1,564,507 |
Textron, Inc. | 26,167 | 1,317,247 |
TransDigm Group, Inc.(a) | 6,224 | 3,589,194 |
Total | 57,081,999 | |
Air Freight & Logistics 0.6% | ||
CH Robinson Worldwide, Inc. | 15,542 | 1,411,991 |
Expeditors International of Washington, Inc. | 19,352 | 1,777,288 |
FedEx Corp. | 27,620 | 7,029,290 |
United Parcel Service, Inc., Class B | 81,770 | 12,905,759 |
Total | 23,124,328 |
12 | Columbia Large Cap Index Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Airlines 0.3% | ||
Alaska Air Group, Inc.(a) | 14,138 | 919,253 |
American Airlines Group, Inc.(a) | 69,829 | 1,462,219 |
Delta Air Lines, Inc.(a) | 72,911 | 3,495,353 |
Southwest Airlines Co. | 67,485 | 3,922,903 |
United Airlines Holdings, Inc.(a) | 33,460 | 1,762,673 |
Total | 11,562,401 | |
Building Products 0.5% | ||
Allegion PLC | 10,523 | 1,144,692 |
AO Smith Corp. | 15,483 | 919,225 |
Carrier Global Corp. | 93,142 | 3,402,477 |
Fortune Brands Home & Security, Inc. | 15,884 | 1,320,596 |
Johnson Controls International PLC | 82,763 | 4,617,348 |
Masco Corp. | 29,917 | 1,592,183 |
Trane Technologies PLC | 27,453 | 4,206,898 |
Total | 17,203,419 | |
Commercial Services & Supplies 0.4% | ||
Cintas Corp. | 10,048 | 3,258,968 |
Copart, Inc.(a) | 23,757 | 2,593,314 |
Republic Services, Inc. | 24,050 | 2,142,615 |
Rollins, Inc. | 25,293 | 838,969 |
Waste Management, Inc. | 44,451 | 4,929,171 |
Total | 13,763,037 | |
Construction & Engineering 0.1% | ||
Jacobs Engineering Group, Inc. | 14,820 | 1,705,485 |
Quanta Services, Inc. | 15,876 | 1,331,203 |
Total | 3,036,688 | |
Electrical Equipment 0.5% | ||
AMETEK, Inc. | 26,303 | 3,102,965 |
Eaton Corp. PLC | 45,571 | 5,932,888 |
Emerson Electric Co. | 68,373 | 5,873,241 |
Rockwell Automation, Inc. | 13,283 | 3,231,488 |
Total | 18,140,582 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Industrial Conglomerates 1.2% | ||
3M Co. | 65,947 | 11,544,682 |
General Electric Co. | 1,001,503 | 12,558,847 |
Honeywell International, Inc. | 80,223 | 16,233,124 |
Roper Technologies, Inc. | 11,990 | 4,527,664 |
Total | 44,864,317 | |
Machinery 1.8% | ||
Caterpillar, Inc. | 62,110 | 13,408,307 |
Cummins, Inc. | 16,921 | 4,284,397 |
Deere & Co. | 35,828 | 12,508,271 |
Dover Corp. | 16,475 | 2,030,709 |
Flowserve Corp. | 14,893 | 551,041 |
Fortive Corp. | 38,551 | 2,537,427 |
IDEX Corp. | 8,655 | 1,689,196 |
Illinois Tool Works, Inc. | 32,930 | 6,657,788 |
Ingersoll Rand, Inc.(a) | 42,497 | 1,969,311 |
Otis Worldwide Corp. | 46,555 | 2,966,019 |
PACCAR, Inc. | 39,608 | 3,603,932 |
Parker-Hannifin Corp. | 14,726 | 4,225,773 |
Pentair PLC | 19,018 | 1,063,677 |
Snap-On, Inc. | 6,198 | 1,258,876 |
Stanley Black & Decker, Inc. | 18,318 | 3,202,719 |
Westinghouse Air Brake Technologies Corp. | 20,454 | 1,481,483 |
Xylem, Inc. | 20,606 | 2,051,533 |
Total | 65,490,459 | |
Professional Services 0.3% | ||
Equifax, Inc. | 13,907 | 2,251,265 |
IHS Markit Ltd. | 42,610 | 3,841,718 |
Nielsen Holdings PLC | 40,815 | 914,664 |
Robert Half International, Inc. | 13,031 | 1,013,681 |
Verisk Analytics, Inc. | 18,589 | 3,045,808 |
Total | 11,067,136 | |
Road & Rail 1.0% | ||
CSX Corp. | 87,436 | 8,004,766 |
JB Hunt Transport Services, Inc. | 9,545 | 1,401,874 |
Kansas City Southern | 10,701 | 2,272,251 |
Norfolk Southern Corp. | 29,038 | 7,319,318 |
Columbia Large Cap Index Fund | Annual Report 2021 | 13 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Old Dominion Freight Line, Inc. | 11,000 | 2,362,470 |
Union Pacific Corp. | 77,042 | 15,867,570 |
Total | 37,228,249 | |
Trading Companies & Distributors 0.2% | ||
Fastenal Co. | 65,636 | 3,043,541 |
United Rentals, Inc.(a) | 8,247 | 2,452,493 |
W.W. Grainger, Inc. | 5,154 | 1,920,948 |
Total | 7,416,982 | |
Total Industrials | 309,979,597 | |
Information Technology 27.2% | ||
Communications Equipment 0.8% | ||
Arista Networks, Inc.(a) | 6,228 | 1,742,844 |
Cisco Systems, Inc. | 483,096 | 21,676,517 |
F5 Networks, Inc.(a) | 7,043 | 1,338,029 |
Juniper Networks, Inc. | 37,698 | 877,609 |
Motorola Solutions, Inc. | 19,381 | 3,400,978 |
Total | 29,035,977 | |
Electronic Equipment, Instruments & Components 0.7% | ||
Amphenol Corp., Class A | 34,202 | 4,298,507 |
CDW Corp. | 16,348 | 2,564,838 |
Corning, Inc. | 87,348 | 3,340,188 |
FLIR Systems, Inc. | 14,994 | 800,680 |
IPG Photonics Corp.(a) | 4,083 | 928,270 |
Keysight Technologies, Inc.(a) | 21,185 | 2,998,101 |
TE Connectivity Ltd. | 37,813 | 4,916,824 |
Trimble Navigation Ltd.(a) | 28,602 | 2,120,552 |
Vontier Corp.(a) | 19,264 | 604,890 |
Zebra Technologies Corp., Class A(a) | 6,096 | 3,044,525 |
Total | 25,617,375 | |
IT Services 5.3% | ||
Accenture PLC, Class A | 72,435 | 18,173,941 |
Akamai Technologies, Inc.(a) | 18,612 | 1,758,834 |
Automatic Data Processing, Inc. | 49,026 | 8,531,505 |
Broadridge Financial Solutions, Inc. | 13,219 | 1,883,575 |
Cognizant Technology Solutions Corp., Class A | 61,125 | 4,491,465 |
DXC Technology Co. | 29,087 | 733,574 |
Fidelity National Information Services, Inc. | 70,942 | 9,789,996 |
Fiserv, Inc.(a) | 65,740 | 7,584,424 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
FleetCor Technologies, Inc.(a) | 9,535 | 2,644,151 |
Gartner, Inc.(a) | 10,208 | 1,827,640 |
Global Payments, Inc. | 34,223 | 6,775,812 |
International Business Machines Corp. | 101,873 | 12,115,756 |
Jack Henry & Associates, Inc. | 8,725 | 1,295,139 |
Leidos Holdings, Inc. | 15,295 | 1,352,843 |
MasterCard, Inc., Class A | 100,579 | 35,589,879 |
Paychex, Inc. | 36,580 | 3,331,341 |
PayPal Holdings, Inc.(a) | 133,958 | 34,808,986 |
VeriSign, Inc.(a) | 11,480 | 2,227,464 |
Visa, Inc., Class A | 193,864 | 41,174,775 |
Western Union Co. (The) | 47,003 | 1,091,410 |
Total | 197,182,510 | |
Semiconductors & Semiconductor Equipment 5.6% | ||
Advanced Micro Devices, Inc.(a) | 137,504 | 11,620,463 |
Analog Devices, Inc. | 42,243 | 6,582,304 |
Applied Materials, Inc. | 104,414 | 12,340,691 |
Broadcom, Inc. | 46,246 | 21,729,608 |
Enphase Energy, Inc.(a) | 14,443 | 2,542,835 |
Intel Corp. | 468,518 | 28,476,524 |
KLA Corp. | 17,659 | 5,496,011 |
Lam Research Corp. | 16,464 | 9,338,216 |
Maxim Integrated Products, Inc. | 30,560 | 2,847,275 |
Microchip Technology, Inc. | 29,768 | 4,543,490 |
Micron Technology, Inc.(a) | 127,273 | 11,649,298 |
Monolithic Power Systems, Inc. | 4,845 | 1,814,549 |
NVIDIA Corp. | 70,769 | 38,822,458 |
Qorvo, Inc.(a) | 13,040 | 2,278,479 |
QUALCOMM, Inc. | 129,305 | 17,610,048 |
Skyworks Solutions, Inc. | 18,988 | 3,376,446 |
Teradyne, Inc. | 18,985 | 2,441,661 |
Texas Instruments, Inc. | 104,947 | 18,079,220 |
Xilinx, Inc. | 28,024 | 3,651,527 |
Total | 205,241,103 | |
Software 8.5% | ||
Adobe, Inc.(a) | 54,846 | 25,211,061 |
ANSYS, Inc.(a) | 9,819 | 3,348,181 |
Autodesk, Inc.(a) | 25,140 | 6,938,640 |
Cadence Design Systems, Inc.(a) | 31,890 | 4,499,360 |
14 | Columbia Large Cap Index Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Citrix Systems, Inc. | 14,077 | 1,880,406 |
Fortinet, Inc.(a) | 15,404 | 2,600,965 |
Intuit, Inc. | 30,039 | 11,719,415 |
Microsoft Corp. | 864,380 | 200,864,624 |
NortonLifeLock, Inc. | 67,668 | 1,320,203 |
Oracle Corp. | 216,865 | 13,989,961 |
Paycom Software, Inc.(a) | 5,601 | 2,096,118 |
Salesforce.com, Inc.(a) | 104,611 | 22,648,282 |
ServiceNow, Inc.(a) | 22,305 | 11,898,825 |
Synopsys, Inc.(a) | 17,449 | 4,278,669 |
Tyler Technologies, Inc.(a) | 4,611 | 2,136,830 |
Total | 315,431,540 | |
Technology Hardware, Storage & Peripherals 6.3% | ||
Apple, Inc. | 1,827,162 | 221,561,664 |
Hewlett Packard Enterprise Co. | 147,141 | 2,142,373 |
HP, Inc. | 157,030 | 4,549,159 |
NetApp, Inc. | 25,539 | 1,598,741 |
Seagate Technology PLC | 25,556 | 1,871,466 |
Western Digital Corp. | 34,784 | 2,383,748 |
Xerox Holdings Corp. | 19,052 | 485,445 |
Total | 234,592,596 | |
Total Information Technology | 1,007,101,101 | |
Materials 2.6% | ||
Chemicals 1.8% | ||
Air Products & Chemicals, Inc. | 25,270 | 6,459,517 |
Albemarle Corp. | 13,188 | 2,073,285 |
Celanese Corp., Class A | 13,364 | 1,856,393 |
CF Industries Holdings, Inc. | 24,457 | 1,107,413 |
Corteva, Inc. | 85,177 | 3,845,742 |
Dow, Inc. | 84,803 | 5,029,666 |
DuPont de Nemours, Inc. | 61,330 | 4,312,726 |
Eastman Chemical Co. | 15,488 | 1,692,219 |
Ecolab, Inc. | 28,392 | 5,944,149 |
FMC Corp. | 14,835 | 1,508,571 |
International Flavors & Fragrances, Inc. | 28,430 | 3,852,549 |
Linde PLC | 60,006 | 14,657,666 |
LyondellBasell Industries NV, Class A | 29,396 | 3,030,434 |
Mosaic Co. (The) | 39,440 | 1,159,536 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
PPG Industries, Inc. | 27,005 | 3,640,814 |
Sherwin-Williams Co. (The) | 9,345 | 6,357,777 |
Total | 66,528,457 | |
Construction Materials 0.1% | ||
Martin Marietta Materials, Inc. | 7,120 | 2,398,514 |
Vulcan Materials Co. | 15,150 | 2,529,899 |
Total | 4,928,413 | |
Containers & Packaging 0.3% | ||
Amcor PLC | 179,322 | 1,961,783 |
Avery Dennison Corp. | 9,537 | 1,670,978 |
Ball Corp. | 37,398 | 3,193,415 |
International Paper Co. | 44,942 | 2,231,370 |
Packaging Corp. of America | 10,842 | 1,431,361 |
Sealed Air Corp. | 17,738 | 743,222 |
WestRock Co. | 30,029 | 1,308,964 |
Total | 12,541,093 | |
Metals & Mining 0.4% | ||
Freeport-McMoRan, Inc.(a) | 166,104 | 5,632,587 |
Newmont Corp. | 91,847 | 4,994,640 |
Nucor Corp. | 34,519 | 2,064,926 |
Total | 12,692,153 | |
Total Materials | 96,690,116 | |
Real Estate 2.4% | ||
Equity Real Estate Investment Trusts (REITS) 2.3% | ||
Alexandria Real Estate Equities, Inc. | 14,157 | 2,260,731 |
American Tower Corp. | 50,786 | 10,976,378 |
AvalonBay Communities, Inc. | 15,961 | 2,805,146 |
Boston Properties, Inc. | 16,195 | 1,605,410 |
Crown Castle International Corp. | 49,310 | 7,680,032 |
Digital Realty Trust, Inc. | 32,031 | 4,315,537 |
Duke Realty Corp. | 42,525 | 1,669,106 |
Equinix, Inc. | 10,187 | 6,604,640 |
Equity Residential | 39,154 | 2,561,063 |
Essex Property Trust, Inc. | 7,455 | 1,899,459 |
Extra Space Storage, Inc. | 14,775 | 1,857,217 |
Federal Realty Investment Trust | 7,870 | 796,208 |
Healthpeak Properties, Inc. | 61,550 | 1,790,490 |
Host Hotels & Resorts, Inc. | 80,639 | 1,337,801 |
Columbia Large Cap Index Fund | Annual Report 2021 | 15 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Iron Mountain, Inc. | 32,946 | 1,146,191 |
Kimco Realty Corp. | 49,447 | 906,364 |
Mid-America Apartment Communities, Inc. | 13,076 | 1,761,729 |
Prologis, Inc. | 84,514 | 8,372,802 |
Public Storage | 17,389 | 4,067,983 |
Realty Income Corp. | 40,128 | 2,418,113 |
Regency Centers Corp. | 18,041 | 988,286 |
SBA Communications Corp. | 12,704 | 3,241,172 |
Simon Property Group, Inc. | 37,487 | 4,233,032 |
SL Green Realty Corp. | 8,297 | 573,074 |
UDR, Inc. | 33,668 | 1,386,112 |
Ventas, Inc. | 42,824 | 2,265,390 |
Vornado Realty Trust | 17,931 | 769,957 |
Welltower, Inc. | 47,710 | 3,239,509 |
Weyerhaeuser Co. | 85,337 | 2,890,364 |
Total | 86,419,296 | |
Real Estate Management & Development 0.1% | ||
CBRE Group, Inc., Class A(a) | 38,352 | 2,905,931 |
Total Real Estate | 89,325,227 | |
Utilities 2.5% | ||
Electric Utilities 1.6% | ||
Alliant Energy Corp. | 28,555 | 1,318,099 |
American Electric Power Co., Inc. | 56,751 | 4,247,812 |
Duke Energy Corp. | 84,141 | 7,201,628 |
Edison International | 43,275 | 2,336,417 |
Entergy Corp. | 22,892 | 1,987,254 |
Evergy, Inc. | 25,933 | 1,390,787 |
Eversource Energy | 39,195 | 3,115,219 |
Exelon Corp. | 111,536 | 4,305,290 |
FirstEnergy Corp. | 62,033 | 2,055,774 |
NextEra Energy, Inc. | 223,978 | 16,457,903 |
NRG Energy, Inc. | 27,921 | 1,019,396 |
Pinnacle West Capital Corp. | 12,873 | 900,209 |
PPL Corp. | 87,899 | 2,302,075 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Southern Co. (The) | 120,758 | 6,849,394 |
Xcel Energy, Inc. | 60,075 | 3,519,794 |
Total | 59,007,051 | |
Gas Utilities 0.0% | ||
Atmos Energy Corp. | 14,393 | 1,217,792 |
Independent Power and Renewable Electricity Producers 0.1% | ||
AES Corp. (The) | 76,043 | 2,019,702 |
Multi-Utilities 0.7% | ||
Ameren Corp. | 28,263 | 1,986,041 |
CenterPoint Energy, Inc. | 62,289 | 1,210,898 |
CMS Energy Corp. | 32,736 | 1,771,345 |
Consolidated Edison, Inc. | 39,114 | 2,567,834 |
Dominion Energy, Inc. | 93,271 | 6,372,275 |
DTE Energy Co. | 22,129 | 2,605,026 |
NiSource, Inc. | 43,812 | 946,339 |
Public Service Enterprise Group, Inc. | 57,833 | 3,113,150 |
Sempra Energy | 32,980 | 3,825,021 |
WEC Energy Group, Inc. | 36,063 | 2,908,120 |
Total | 27,306,049 | |
Water Utilities 0.1% | ||
American Water Works Co., Inc. | 20,725 | 2,940,463 |
Total Utilities | 92,491,057 | |
Total Common Stocks (Cost $1,121,532,519) | 3,679,756,964 | |
Money Market Funds 0.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.086%(c),(d) | 17,687,804 | 17,686,035 |
Total Money Market Funds (Cost $17,682,000) | 17,686,035 | |
Total Investments in Securities (Cost: $1,139,214,519) | 3,697,442,999 | |
Other Assets & Liabilities, Net | 1,517,382 | |
Net Assets | 3,698,960,381 |
16 | Columbia Large Cap Index Fund | Annual Report 2021 |
February 28, 2021
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
S&P 500 Index E-mini | 70 | 03/2021 | USD | 13,332,200 | 508,210 | — |
S&P 500 Index E-mini | 42 | 03/2021 | USD | 7,999,320 | — | (18,754) |
Total | 508,210 | (18,754) |
(a) | Non-income producing investment. |
(b) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended February 28, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | 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 | (177,364) | 804,732 | 2,984,085 | 331,315 | 60,700 | 13,488 | |
Columbia Short-Term Cash Fund, 0.086% | ||||||||
31,165,087 | 736,027,975 | (749,510,200) | 3,173 | 17,686,035 | (32,256) | 131,211 | 17,687,804 | |
Total | 33,398,899 | 807,905 | 20,670,120 | 299,059 | 191,911 |
(d) | The rate shown is the seven-day current annualized yield at February 28, 2021. |
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 | Annual Report 2021 | 17 |
February 28, 2021
The Committee meets at least monthly to review and approve valuation matters, which may include a description of specific valuation determinations, data regarding pricing information received from approved pricing vendors and brokers and the results of Board-approved valuation control policies and procedures (the Policies). The Policies address, among other things, instances when market quotations are or are not readily available, including recommendations of third party pricing vendors and a determination of appropriate pricing 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 | 407,668,757 | — | — | 407,668,757 |
Consumer Discretionary | 456,245,296 | — | — | 456,245,296 |
Consumer Staples | 219,819,399 | — | — | 219,819,399 |
Energy | 104,462,961 | — | — | 104,462,961 |
Financials | 413,370,404 | — | — | 413,370,404 |
Health Care | 482,603,049 | — | — | 482,603,049 |
Industrials | 309,979,597 | — | — | 309,979,597 |
Information Technology | 1,007,101,101 | — | — | 1,007,101,101 |
Materials | 96,690,116 | — | — | 96,690,116 |
Real Estate | 89,325,227 | — | — | 89,325,227 |
Utilities | 92,491,057 | — | — | 92,491,057 |
Total Common Stocks | 3,679,756,964 | — | — | 3,679,756,964 |
Money Market Funds | 17,686,035 | — | — | 17,686,035 |
Total Investments in Securities | 3,697,442,999 | — | — | 3,697,442,999 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 508,210 | — | — | 508,210 |
Liability | ||||
Futures Contracts | (18,754) | — | — | (18,754) |
Total | 3,697,932,455 | — | — | 3,697,932,455 |
18 | Columbia Large Cap Index Fund | Annual Report 2021 |
February 28, 2021
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,121,250,019) | $3,676,772,879 |
Affiliated issuers (cost $17,964,500) | 20,670,120 |
Cash | 239 |
Receivable for: | |
Capital shares sold | 1,534,669 |
Dividends | 5,067,505 |
Foreign tax reclaims | 976 |
Expense reimbursement due from Investment Manager | 161 |
Total assets | 3,704,046,549 |
Liabilities | |
Payable for: | |
Investments purchased | 625,107 |
Capital shares purchased | 4,047,896 |
Variation margin for futures contracts | 105,280 |
Management services fees | 20,370 |
Distribution and/or service fees | 4,069 |
Compensation of board members | 283,446 |
Total liabilities | 5,086,168 |
Net assets applicable to outstanding capital stock | $3,698,960,381 |
Represented by | |
Paid in capital | 1,035,390,801 |
Total distributable earnings (loss) | 2,663,569,580 |
Total - representing net assets applicable to outstanding capital stock | $3,698,960,381 |
Class A | |
Net assets | $588,972,472 |
Shares outstanding | 10,312,952 |
Net asset value per share | $57.11 |
Institutional Class | |
Net assets | $2,441,778,627 |
Shares outstanding | 42,454,595 |
Net asset value per share | $57.52 |
Institutional 2 Class | |
Net assets | $383,657,673 |
Shares outstanding | 6,552,539 |
Net asset value per share | $58.55 |
Institutional 3 Class | |
Net assets | $284,551,609 |
Shares outstanding | 5,040,555 |
Net asset value per share | $56.45 |
Columbia Large Cap Index Fund | Annual Report 2021 | 19 |
Year Ended February 28, 2021
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $62,771,400 |
Dividends — affiliated issuers | 191,911 |
Interfund lending | 62 |
Total income | 62,963,373 |
Expenses: | |
Management services fees | 6,712,893 |
Distribution and/or service fees | |
Class A | 1,425,190 |
Compensation of board members | 96,244 |
Interest on collateral | 1,582 |
Total expenses | 8,235,909 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (81,075) |
Expense reduction | (2,213) |
Total net expenses | 8,152,621 |
Net investment income | 54,810,752 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 194,670,436 |
Investments — affiliated issuers | 299,059 |
Futures contracts | 18,221,366 |
Net realized gain | 213,190,861 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 675,234,477 |
Investments — affiliated issuers | 807,905 |
Futures contracts | 3,335,826 |
Net change in unrealized appreciation (depreciation) | 679,378,208 |
Net realized and unrealized gain | 892,569,069 |
Net increase in net assets resulting from operations | $947,379,821 |
20 | Columbia Large Cap Index Fund | Annual Report 2021 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $54,810,752 | $63,437,690 |
Net realized gain | 213,190,861 | 222,971,954 |
Net change in unrealized appreciation (depreciation) | 679,378,208 | (15,110,160) |
Net increase in net assets resulting from operations | 947,379,821 | 271,299,484 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (43,630,444) | (66,153,830) |
Institutional Class | (175,685,793) | (219,833,585) |
Institutional 2 Class | (26,445,019) | (33,886,772) |
Institutional 3 Class | (16,609,539) | (10,828,920) |
Total distributions to shareholders | (262,370,795) | (330,703,107) |
Decrease in net assets from capital stock activity | (65,602,628) | (103,762,339) |
Total increase (decrease) in net assets | 619,406,398 | (163,165,962) |
Net assets at beginning of year | 3,079,553,983 | 3,242,719,945 |
Net assets at end of year | $3,698,960,381 | $3,079,553,983 |
Columbia Large Cap Index Fund | Annual Report 2021 | 21 |
Year Ended | Year Ended | |||
February 28, 2021 | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 2,406,919 | 119,240,592 | 2,673,174 | 133,945,597 |
Distributions reinvested | 791,433 | 40,464,807 | 1,227,614 | 60,363,226 |
Redemptions | (5,182,455) | (258,573,583) | (6,644,814) | (333,488,086) |
Net decrease | (1,984,103) | (98,868,184) | (2,744,026) | (139,179,263) |
Institutional Class | ||||
Subscriptions | 7,620,149 | 384,230,990 | 7,474,928 | 374,259,348 |
Distributions reinvested | 2,868,850 | 148,454,404 | 3,690,482 | 182,829,027 |
Redemptions | (13,074,721) | (664,658,369) | (10,074,191) | (505,004,711) |
Net increase (decrease) | (2,585,722) | (131,972,975) | 1,091,219 | 52,083,664 |
Institutional 2 Class | ||||
Subscriptions | 1,761,647 | 88,895,172 | 1,465,664 | 75,091,232 |
Distributions reinvested | 494,119 | 26,039,449 | 670,343 | 33,706,797 |
Redemptions | (2,164,828) | (113,594,354) | (2,495,254) | (127,811,335) |
Net increase (decrease) | 90,938 | 1,340,267 | (359,247) | (19,013,306) |
Institutional 3 Class | ||||
Subscriptions | 7,103,264 | 302,417,230 | 3,171,942 | 154,038,825 |
Distributions reinvested | 323,937 | 16,596,829 | 223,497 | 10,825,775 |
Redemptions | (3,485,931) | (155,115,795) | (3,247,613) | (162,518,034) |
Net increase | 3,941,270 | 163,898,264 | 147,826 | 2,346,566 |
Total net decrease | (537,617) | (65,602,628) | (1,864,228) | (103,762,339) |
22 | Columbia Large Cap Index Fund | Annual Report 2021 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Year Ended 2/28/2021 | $47.14 | 0.73 | 13.20 | 13.93 | (0.78) | (3.18) | (3.96) |
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) |
Institutional Class | |||||||
Year Ended 2/28/2021 | $47.44 | 0.86 | 13.31 | 14.17 | (0.91) | (3.18) | (4.09) |
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) |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $48.23 | 0.88 | 13.53 | 14.41 | (0.91) | (3.18) | (4.09) |
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) |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $46.63 | 0.83 | 13.08 | 13.91 | (0.91) | (3.18) | (4.09) |
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) | Ratios include interest on collateral expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | 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. |
24 | Columbia Large Cap Index Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $57.11 | 30.69% | 0.45%(c) | 0.45%(c),(d) | 1.43% | 11% | $588,972 |
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 |
Institutional Class | |||||||
Year Ended 2/28/2021 | $57.52 | 31.02% | 0.20%(c) | 0.20%(c),(d) | 1.67% | 11% | $2,441,779 |
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 |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $58.55 | 31.01% | 0.20%(c) | 0.20%(c) | 1.67% | 11% | $383,658 |
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 |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $56.45 | 31.00% | 0.20%(c) | 0.20%(c) | 1.63% | 11% | $284,552 |
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% | $552 |
Columbia Large Cap Index Fund | Annual Report 2021 | 25 |
February 28, 2021
26 | Columbia Large Cap Index Fund | Annual Report 2021 |
February 28, 2021
Columbia Large Cap Index Fund | Annual Report 2021 | 27 |
February 28, 2021
28 | Columbia Large Cap Index Fund | Annual Report 2021 |
February 28, 2021
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 508,210* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 18,754* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 18,221,366 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 3,335,826 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 55,584,735 |
* | Based on the ending quarterly outstanding amounts for the year ended February 28, 2021. |
Columbia Large Cap Index Fund | Annual Report 2021 | 29 |
February 28, 2021
30 | Columbia Large Cap Index Fund | Annual Report 2021 |
February 28, 2021
Columbia Large Cap Index Fund | Annual Report 2021 | 31 |
February 28, 2021
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 |
Undistributed net investment income ($) | Accumulated net realized gain ($) | Paid in capital ($) |
(983,621) | 983,621 | — |
32 | Columbia Large Cap Index Fund | Annual Report 2021 |
February 28, 2021
Year Ended February 28, 2021 | Year Ended February 29, 2020 | ||||
Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
77,313,814 | 185,056,981 | 262,370,795 | 63,027,455 | 267,675,652 | 330,703,107 |
Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
10,823,422 | 119,649,378 | — | 2,533,374,242 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,164,558,212 | 2,573,568,441 | (40,194,199) | 2,533,374,242 |
Columbia Large Cap Index Fund | Annual Report 2021 | 33 |
February 28, 2021
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 3,600,000 | 0.61 | 1 |
34 | Columbia Large Cap Index Fund | Annual Report 2021 |
February 28, 2021
Columbia Large Cap Index Fund | Annual Report 2021 | 35 |
February 28, 2021
36 | Columbia Large Cap Index Fund | Annual Report 2021 |
Columbia Large Cap Index Fund | Annual Report 2021 | 37 |
Qualified dividend income | Dividends received deduction | Section 199A dividends | Capital gain dividend |
78.51% | 76.45% | 2.31% | $204,031,866 |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
George S. Batejan c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1953 | Trustee since 2017 | Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 | 172 | Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018 |
38 | Columbia Large Cap Index Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Kathleen Blatz c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2006 | Attorney; specializing in arbitration and mediation; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member and Interim Chair, Minnesota Sports Facilities Authority, January 2017-July 2017; Interim President and Chief Executive Officer, Blue Cross and Blue Shield of Minnesota (health care insurance), February-July 2018 | 172 | Trustee, BlueCross BlueShield of Minnesota since 2009 (Chair of the Business Development Committee - 2014-2017; Chair of the Governance Committee, 2017-2019); former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017-July 2017; Director, Robina Foundation, 2009-2020 (Chair, 2014-2020) |
Pamela G. Carlton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2007 | President, Springboard — Partners in Cross Cultural Leadership (consulting company) since 2003; Managing Director of US Equity Research, JP Morgan Chase, 1999-2003; Director of US Equity Research, Chase Asset Management, 1996-1999; Co-Director Latin America Research, 1993-1996, COO Global Research, 1992-1996, Co-Director of US Research, 1991-1992, Investment Banker, 1982-1991, Morgan Stanley; Attorney at Cleary Gottlieb Steen & Hamilton LLP, 1980-1982 | 172 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of People Committee) since 1996; Director, DR Bank (Audit Committee) since 2017; Director, Evercore Inc. (Audit Committee, Nominating and Governance Committee) since 2019 |
Janet Langford Carrig c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1957 | Trustee since 1996 | Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (independent energy company), September 2007-October 2018 | 170 | Director, EQT Corporation (natural gas producer) since 2019; Director, Whiting Petroleum Corporation (independent oil and gas company) since 2020 |
J. Kevin Connaughton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2020(a) | Member, FINRA National Adjudicatory Council since January 2020; Adjunct Professor of Finance, Bentley University since January 2018; Managing Director and General Manager of Mutual Fund Products, Columbia Management Investment Advisers, LLC, May 2010-February 2015; President, Columbia Funds, 2008-2015; and senior officer of Columbia Funds and affiliated funds, 2003-2015 | 170 | Director, The Autism Project since March 2015; former Member of the Investment Committee, St. Michael’s College, November 2015-February 2020; former Trustee, St. Michael’s College, June 2017-September 2019; former Trustee, New Century Portfolios, January 2015-December 2017 |
Olive M. Darragh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1962 | Trustee since 2020(a) | Managing Director of Darragh Inc. (strategy and talent management consulting firm) since 2010; Founder and CEO, Zolio, Inc. (investment management talent identification platform) since 2004; Partner, Tudor Investments, 2004-2010; Senior Partner, McKinsey & Company (consulting), 2001-2004 | 170 | Former Director, University of Edinburgh Business School (Member of US Board); former Director, Boston Public Library Foundation |
Columbia Large Cap Index Fund | Annual Report 2021 | 39 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Patricia M. Flynn c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1950 | Trustee since 2004 | Trustee Professor of Economics and Management, Bentley University since 1976 (also teaches and conducts research on corporate governance); Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 | 172 | Trustee, MA Taxpayers Foundation since 1997; Board of Governors, Innovation Institute, MA Technology Collaborative, 2010-2019; Board of Directors, The MA Business Roundtable, 2003-2019 |
Brian J. Gallagher c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2017 | Retired; Partner with Deloitte & Touche LLP and its predecessors, 1977-2016 | 172 | Trustee, Catholic Schools Foundation since 2004 |
Douglas A. Hacker c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1955 | Co-Chair since 2021; Chair of CFST I and CFVIT since 2014; Trustee of CFST I and CFVIT since 1996 and CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2021 | Independent business executive since May 2006; Executive Vice President – Strategy of United Airlines, December 2002 - May 2006; President of UAL Loyalty Services (airline marketing company), September 2001-December 2002; Executive Vice President and Chief Financial Officer of United Airlines, July 1999-September 2001 | 170 | Director, Spartan Nash Company (food distributor); Director, Aircastle Limited (Chair of Audit Committee) (aircraft leasing); former Director, Nash Finch Company (food distributor), 2005-2013; former Director, SeaCube Container Leasing Ltd. (container leasing), 2010-2013; and former Director, Travelport Worldwide Limited (travel information technology), 2014-2019 |
Nancy T. Lukitsh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1956 | Trustee since 2011 | Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser), 1997-2010; Chair, Wellington Management Portfolios (commingled non-U.S. investment pools), 2007 -2010; Director, Wellington Trust Company, NA and other Wellington affiliates, 1997-2010 | 170 | |
David M. Moffett c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Trustee since 2011 | Retired; Consultant to Bridgewater and Associates | 170 | Director, CSX Corporation (transportation suppliers); Director, Genworth Financial, Inc. (financial and insurance products and services); Director, PayPal Holdings Inc. (payment and data processing services); Trustee, University of Oklahoma Foundation; former Director, eBay Inc. (online trading community), 2007-2015; and former Director, CIT Bank, CIT Group Inc. (commercial and consumer finance), 2010-2016 |
40 | Columbia Large Cap Index Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Catherine James Paglia c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Co-Chair since 2021; Chair of CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2020; Trustee of CFST, CFST II and CFVST II since 2004 and CFST I and CFVIT since 2021 | Director, Enterprise Asset Management, Inc. (private real estate and asset management company) since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989-1997; Vice President, 1982-1985, Principal, 1985-1987, Managing Director, 1987-1989, Morgan Stanley; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. | 172 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012; Trustee, Carleton College (on the Investment Committee); Trustee, Carnegie Endowment for International Peace (on the Investment Committee) |
Anthony M. Santomero c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1946 | Trustee since 2008 | Richard K. Mellon Professor Emeritus of Finance, The Wharton School, University of Pennsylvania, since 2002; Senior Advisor, McKinsey & Company (consulting), 2006-2008; President, Federal Reserve Bank of Philadelphia, 2000-2006; Professor of Finance, The Wharton School, University of Pennsylvania, 1972-2002 | 172 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, RenaissanceRe Holdings Ltd. since May 2008; former Director, Citigroup Inc. and Citibank, N.A., 2009-2019; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 |
Minor M. Shaw c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1947 | Trustee since 2003 | President, Micco LLC (private investments) since 2011; President, Micco Corp. (family investment business), 1998-2011 | 172 | Director, BlueCross BlueShield of South Carolina (Chair of Compensation Committee) since April 2008; Trustee, Hollingsworth Funds (on the Investment Committee) since 2016 (previously Board Chair from 2016-2019); Former Advisory Board member, Duke Energy Corp., 2016-2020; Chair of the Duke Endowment; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016; former Director, National Association of Corporate Directors, Carolinas Chapter, 2013-2018; Chair, Daniel-Mickel Foundation |
Columbia Large Cap Index Fund | Annual Report 2021 | 41 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Natalie A. Trunow c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1967 | Trustee since 2020(a) | Chief Executive Officer, Millennial Portfolio Solutions LLC (asset management and consulting services) since January 2016; Non-executive Member of the Investment Committee, Sarona Asset Management Inc. (private equity firm) since September 2019; Advisor, Horizon Investments (asset management and consulting services) since August 2018; Advisor, Paradigm Asset Management since November 2016; Director of Investments, Casey Family Programs, April 2016-September 2016; Senior Vice President and Chief Investment Officer, Calvert Investments, August 2008 - January 2016; Section Head and Portfolio Manager, General Motors Asset Management, June 1997-August 2008 | 170 | Director, Health Services for Children with Special Needs, Inc.; Director, Consumer Credit Counseling Services (formerly Guidewell Financial Solutions); Independent Director, Investment Committee, Sarona Asset Management |
Sandra Yeager c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2017 | Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 | 172 | Director, NAPE Education Foundation, October 2016-October 2020 |
* | The term “Columbia Funds Complex” as used herein includes Columbia Seligman Premium Technology Growth Fund, Tri-Continental Corporation and each series of Columbia Fund Series Trust (CFST), Columbia Funds Series Trust I (CFST I), Columbia Funds Series Trust II (CFST II), Columbia ETF Trust I, Columbia ETF Trust II, Columbia Funds Variable Insurance Trust (CFVIT) and Columbia Funds Variable Series Trust II (CFVST II). Messrs. Batejan, Gallagher, Petersen and Santomero and Mses. Blatz, Carlton, Flynn, Paglia, Shaw and Yeager serve as a director of Columbia Seligman Premium Technology Growth Fund and Tri-Continental Corporation. |
(a) | J. Kevin Connaughton was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective March 1, 2016. Natalie A. Trunow was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective September 1, 2016. Olive M. Darragh was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective June 10, 2019. Shareholders of the Funds elected Mr. Connaughton and Mses. Darragh and Trunow as Trustees of CFST I, effective January 1, 2021, and of CFVIT, effective July 1, 2020. |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during the past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex overseen | Other directorships held by Trustee during the past five years |
Christopher O. Petersen c/o Columbia Management Investment Advisers, LLC 5228 Ameriprise Financial Center Minneapolis, MN 55474 1970 | Trustee since 2020(a) | Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since January 2015 (previously Vice President and Chief Counsel, January 2010-December 2014); officer of Columbia Funds and affiliated funds since 2007 | 172 | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
(a) | Mr. Petersen serves as the President and Principal Executive Officer of the Columbia Funds (since 2015). |
42 | Columbia Large Cap Index Fund | Annual Report 2021 |
Fund officers
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Michael G. Clarke 225 Franklin Street Boston, MA 02110 1969 | Chief Financial Officer and Principal Financial Officer (2009) and Senior Vice President (2019) | Vice President, Head of North American Operations, and Co-Head of Global Operations, Columbia Management Investment Advisers, LLC, since June 2019 (previously Vice President – Accounting and Tax, May 2010 – May 2019); senior officer of Columbia Funds and affiliated funds since 2002. |
Joseph Beranek 5890 Ameriprise Financial Center Minneapolis, MN 55474 1965 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) (2019) and Principal Financial Officer (2020), CFST, CFST I, CFST II, CFVIT and CFVST II; Assistant Treasurer, Columbia ETF Trust I and Columbia ETF Trust II | Vice President – Mutual Fund Accounting and Financial Reporting, Columbia Management Investment Advisers, LLC, since December 2018 and March 2017, respectively (previously Vice President – Pricing and Corporate Actions, May 2010 - March 2017). |
Marybeth Pilat 225 Franklin Street Boston, MA 02110 1968 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer (2020) for Columbia ETF Trust I and Columbia ETF Trust II; Assistant Treasurer, CFST, CFST I, CFST II, CFVIT and CFVST II | Vice President – Product Pricing and Administration, Columbia Management Investment Advisers, LLC, since May 2017; Director - Fund Administration, Calvert Investments, August 2015 – March 2017; Vice President - Fund Administration, Legg Mason, May 2015 - July 2015; Vice President - Fund Administration, Columbia Management Investment Advisers, LLC, May 2010 - April 2015. |
William F. Truscott 225 Franklin Street Boston, MA 02110 1960 | Senior Vice President (2001) | Formerly, Trustee of Columbia Funds Complex until January 1, 2021; Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012; Chairman of the Board and President, Columbia Management Investment Advisers, LLC since July 2004 and February 2012, respectively; Chairman of the Board and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since November 2008 and February 2012, respectively; Chairman of the Board and Director, Threadneedle Asset Management Holdings, Sàrl since March 2013 and December 2008, respectively; senior executive of various entities affiliated with Columbia Threadneedle. |
Paul B. Goucher 485 Lexington Avenue New York, NY 10017 1968 | Senior Vice President (2011) and Assistant Secretary (2008) | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since March 2015 (previously Vice President and Assistant Secretary, May 2010 – March 2015). |
Thomas P. McGuire 225 Franklin Street Boston, MA 02110 1972 | Senior Vice President and Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Columbia Acorn/Wanger Funds since December 2015; Chief Compliance Officer, Ameriprise Certificate Company September 2010 – September 2020. |
Colin Moore 225 Franklin Street Boston, MA 02110 1958 | Senior Vice President (2010) | Executive Vice President and Global Chief Investment Officer, Ameriprise Financial, Inc., since July 2013; Executive Vice President and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since July 2013. |
Ryan C. Larrenaga 225 Franklin Street Boston, MA 02110 1970 | Senior Vice President (2017), Chief Legal Officer (2017), and Secretary (2015) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously Vice President and Group Counsel, August 2011 - August 2018); Chief Legal Officer, Columbia Acorn/Wanger Funds, since September 2020; officer of Columbia Funds and affiliated funds since 2005. |
Daniel J. Beckman 225 Franklin Street Boston, MA 02110 1962 | Senior Vice President (2020) | Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015). |
Columbia Large Cap Index Fund | Annual Report 2021 | 43 |
Fund officers (continued)
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Michael E. DeFao 225 Franklin Street Boston, MA 02110 1968 | Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. |
Lyn Kephart-Strong 5228 Ameriprise Financial Center Minneapolis, MN 55474 1960 | Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Trustee | Votes for | Votes withheld | Abstentions |
George S. Batejan | 1,166,986,012 | 16,252,243 | 0 |
Kathleen Blatz | 1,167,818,192 | 15,420,063 | 0 |
Pamela G. Carlton | 1,167,761,255 | 15,477,001 | 0 |
Janet Langford Carrig | 1,169,443,247 | 13,795,008 | 0 |
J. Kevin Connaughton | 1,168,554,731 | 14,683,525 | 0 |
Olive M. Darragh | 1,169,004,224 | 14,234,032 | 0 |
Patricia M. Flynn | 1,168,110,224 | 15,128,031 | 0 |
Brian J. Gallagher | 1,166,931,187 | 16,307,068 | 0 |
Douglas A. Hacker | 1,168,253,721 | 14,984,535 | 0 |
Nancy T. Lukitsh | 1,169,128,202 | 14,110,053 | 0 |
David M. Moffett | 1,167,387,510 | 15,850,745 | 0 |
Catherine James Paglia | 1,167,159,143 | 16,079,112 | 0 |
Anthony M. Santomero | 1,166,760,857 | 16,477,398 | 0 |
Minor M. Shaw | 1,165,931,084 | 17,307,171 | 0 |
Natalie A. Trunow | 1,168,907,601 | 14,330,655 | 0 |
Sandra Yeager | 1,167,549,796 | 15,688,459 | 0 |
Christopher O. Petersen | 1,167,593,463 | 15,644,793 | 0 |
44 | Columbia Large Cap Index Fund | Annual Report 2021 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
February 28, 2021
3 | |
5 | |
7 | |
8 | |
11 | |
13 | |
14 | |
16 | |
20 | |
29 | |
30 | |
30 | |
36 |
Average annual total returns (%) (for the period ended February 28, 2021) | |||||
Inception | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 12/31/97 | 50.88 | 21.68 | 14.86 |
Including sales charges | 42.18 | 20.24 | 14.18 | ||
Advisor Class* | 11/08/12 | 51.34 | 21.98 | 15.10 | |
Class C | Excluding sales charges | 12/31/97 | 49.77 | 20.77 | 14.01 |
Including sales charges | 48.77 | 20.77 | 14.01 | ||
Institutional Class | 12/31/97 | 51.34 | 22.00 | 15.16 | |
Institutional 2 Class* | 12/11/13 | 51.43 | 22.07 | 15.16 | |
Institutional 3 Class* | 03/01/17 | 51.47 | 22.04 | 15.04 | |
Class R* | 10/26/16 | 50.57 | 21.38 | 14.58 | |
Russell 1000 Growth Index | 44.26 | 22.22 | 16.45 |
* | 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 | Annual Report 2021 | 3 |
Portfolio breakdown (%) (at February 28, 2021) | |
Common Stocks | 98.8 |
Money Market Funds | 1.2 |
Total | 100.0 |
Equity sector breakdown (%) (at February 28, 2021) | |
Communication Services | 13.0 |
Consumer Discretionary | 15.3 |
Consumer Staples | 0.4 |
Energy | 0.5 |
Financials | 2.7 |
Health Care | 14.8 |
Industrials | 6.1 |
Information Technology | 45.0 |
Materials | 1.1 |
Real Estate | 1.1 |
Total | 100.0 |
4 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
• | The Fund’s outperformance of its benchmark during the period was driven by strong broad-based stock selection, with sector allocations a secondary contributor. |
• | Stock selection within, as well as an overweight allocation to, the consumer discretionary sector contributed most strongly to the Fund’s performance versus its benchmark. |
• | Stock selection within health care, consumer staples and information technology also aided the Fund’s relative performance to a notable degree. |
• | An underweight to consumer staples and an overweight to information technology also helped. |
• | Individual holdings that were notable contributors included the Fund’s position in electric care and clean energy company Tesla Motors, Inc., online payment processor PayPal Holdings, Inc., semiconductor company NVIDIA Corp. and an out-of-benchmark position in biotech company Novavax, Inc. |
• | Not owning shares in aircraft manufacturer Boeing, Inc., also benefited relative results as the company delivered negative results for the benchmark. |
• | Stock selection in the financials and communication services sectors detracted from the Fund’s performance versus the benchmark during the period. |
• | The Fund’s cash position during the period also weighed on relative results. |
• | Individual holdings that detracted most from the Fund’s performance versus its benchmark included financial services provider Fidelity National Information Services, Inc., and aerospace and defense companies Spirit AeroSystems Holdings, Inc. and L3Harris Technologies, Inc. |
• | An out-of-benchmark position in Citigroup, Inc. hindered results, as well as the Fund’s underweight allocation, as compared to the benchmark, in Apple, Inc. |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 5 |
6 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
(Unaudited)
September 1, 2020 — February 28, 2021 | |||||||
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 | 1,089.90 | 1,019.42 | 5.33 | 5.15 | 1.04 |
Advisor Class | 1,000.00 | 1,000.00 | 1,091.80 | 1,020.65 | 4.05 | 3.91 | 0.79 |
Class C | 1,000.00 | 1,000.00 | 1,086.30 | 1,015.74 | 9.16 | 8.85 | 1.79 |
Institutional Class | 1,000.00 | 1,000.00 | 1,091.60 | 1,020.65 | 4.05 | 3.91 | 0.79 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,092.10 | 1,020.94 | 3.74 | 3.62 | 0.73 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,092.20 | 1,021.14 | 3.54 | 3.42 | 0.69 |
Class R | 1,000.00 | 1,000.00 | 1,089.10 | 1,018.19 | 6.61 | 6.38 | 1.29 |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 7 |
February 28, 2021
Common Stocks 99.0% | ||
Issuer | Shares | Value ($) |
Communication Services 12.9% | ||
Entertainment 1.2% | ||
Electronic Arts, Inc. | 159,550 | 21,374,914 |
Interactive Media & Services 10.2% | ||
Alphabet, Inc., Class A(a) | 47,592 | 96,226,741 |
Facebook, Inc., Class A(a) | 212,779 | 54,816,126 |
Match Group, Inc.(a) | 250,782 | 38,332,028 |
Total | 189,374,895 | |
Media 1.5% | ||
Comcast Corp., Class A | 513,388 | 27,065,815 |
Total Communication Services | 237,815,624 | |
Consumer Discretionary 15.2% | ||
Automobiles 1.3% | ||
Tesla Motors, Inc.(a) | 34,565 | 23,348,658 |
Internet & Direct Marketing Retail 6.9% | ||
Amazon.com, Inc.(a) | 41,451 | 128,205,041 |
Multiline Retail 2.0% | ||
Target Corp. | 198,810 | 36,469,706 |
Specialty Retail 3.2% | ||
Home Depot, Inc. (The) | 135,454 | 34,993,186 |
TJX Companies, Inc. (The) | 375,543 | 24,782,083 |
Total | 59,775,269 | |
Textiles, Apparel & Luxury Goods 1.8% | ||
lululemon athletica, Inc.(a) | 58,736 | 18,306,836 |
Under Armour, Inc., Class A(a) | 657,475 | 14,392,128 |
Total | 32,698,964 | |
Total Consumer Discretionary | 280,497,638 | |
Consumer Staples 0.5% | ||
Food & Staples Retailing 0.5% | ||
Costco Wholesale Corp. | 25,621 | 8,480,551 |
Total Consumer Staples | 8,480,551 | |
Energy 0.5% | ||
Oil, Gas & Consumable Fuels 0.5% | ||
Renewable Energy Group, Inc.(a) | 128,341 | 9,981,080 |
Total Energy | 9,981,080 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Financials 2.6% | ||
Capital Markets 2.6% | ||
Intercontinental Exchange, Inc. | 362,261 | 39,961,011 |
Virtu Financial, Inc. Class A | 332,400 | 9,064,548 |
Total | 49,025,559 | |
Total Financials | 49,025,559 | |
Health Care 14.6% | ||
Biotechnology 1.6% | ||
Exact Sciences Corp.(a) | 161,714 | 22,012,510 |
Novavax, Inc.(a) | 37,375 | 8,642,221 |
Total | 30,654,731 | |
Health Care Equipment & Supplies 4.4% | ||
Abbott Laboratories | 260,671 | 31,223,172 |
Danaher Corp. | 108,600 | 23,856,162 |
Medtronic PLC | 224,048 | 26,206,895 |
Total | 81,286,229 | |
Health Care Providers & Services 1.0% | ||
Humana, Inc. | 49,823 | 18,915,302 |
Life Sciences Tools & Services 3.0% | ||
10X Genomics, Inc., Class A(a) | 84,579 | 15,054,216 |
IQVIA Holdings, Inc.(a) | 207,003 | 39,908,108 |
Total | 54,962,324 | |
Pharmaceuticals 4.6% | ||
Bristol-Myers Squibb Co. | 415,524 | 25,484,087 |
Eli Lilly and Co. | 206,247 | 42,257,948 |
Horizon Therapeutics PLC(a) | 184,399 | 16,763,713 |
Total | 84,505,748 | |
Total Health Care | 270,324,334 | |
Industrials 6.0% | ||
Aerospace & Defense 1.3% | ||
Howmet Aerospace, Inc.(a) | 850,169 | 23,898,251 |
Electrical Equipment 2.2% | ||
AMETEK, Inc. | 234,371 | 27,648,747 |
Array Technologies, Inc.(a) | 330,293 | 12,247,264 |
Total | 39,896,011 |
8 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Road & Rail 2.5% | ||
Lyft, Inc., Class A(a) | 338,228 | 18,839,300 |
Norfolk Southern Corp. | 112,668 | 28,399,096 |
Total | 47,238,396 | |
Total Industrials | 111,032,658 | |
Information Technology 44.5% | ||
Electronic Equipment, Instruments & Components 2.5% | ||
TE Connectivity Ltd. | 204,624 | 26,607,258 |
Trimble Navigation Ltd.(a) | 263,841 | 19,561,172 |
Total | 46,168,430 | |
IT Services 9.3% | ||
Fidelity National Information Services, Inc. | 280,473 | 38,705,274 |
MasterCard, Inc., Class A | 203,855 | 72,134,092 |
PayPal Holdings, Inc.(a) | 235,091 | 61,088,396 |
Total | 171,927,762 | |
Semiconductors & Semiconductor Equipment 8.6% | ||
Broadcom, Inc. | 97,282 | 45,709,893 |
Lam Research Corp. | 66,993 | 37,997,760 |
NVIDIA Corp. | 127,086 | 69,716,838 |
SunPower Corp.(a) | 137,717 | 4,788,420 |
Total | 158,212,911 | |
Software 18.6% | ||
Adobe, Inc.(a) | 113,520 | 52,181,738 |
Atlassian Corp. PLC, Class A(a) | 91,606 | 21,774,746 |
Bill.com Holdings, Inc.(a) | 95,862 | 15,818,189 |
Intuit, Inc. | 124,351 | 48,514,299 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Microsoft Corp. | 731,210 | 169,918,580 |
ServiceNow, Inc.(a) | 68,469 | 36,525,473 |
Total | 344,733,025 | |
Technology Hardware, Storage & Peripherals 5.5% | ||
Apple, Inc. | 844,321 | 102,382,365 |
Total Information Technology | 823,424,493 | |
Materials 1.1% | ||
Chemicals 1.1% | ||
Albemarle Corp. | 125,207 | 19,683,792 |
Total Materials | 19,683,792 | |
Real Estate 1.1% | ||
Equity Real Estate Investment Trusts (REITS) 1.1% | ||
Equinix, Inc. | 31,174 | 20,211,351 |
Total Real Estate | 20,211,351 | |
Total Common Stocks (Cost $974,963,635) | 1,830,477,080 | |
Money Market Funds 1.2% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.086%(b),(c) | 22,808,794 | 22,806,514 |
Total Money Market Funds (Cost $22,806,489) | 22,806,514 | |
Total Investments in Securities (Cost: $997,770,124) | 1,853,283,594 | |
Other Assets & Liabilities, Net | (4,312,766) | |
Net Assets | 1,848,970,828 |
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at February 28, 2021. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended February 28, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.086% | ||||||||
5,011,288 | 363,991,294 | (346,196,052) | (16) | 22,806,514 | (322) | 18,703 | 22,808,794 |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 9 |
February 28, 2021
■ | 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 | 237,815,624 | — | — | 237,815,624 |
Consumer Discretionary | 280,497,638 | — | — | 280,497,638 |
Consumer Staples | 8,480,551 | — | — | 8,480,551 |
Energy | 9,981,080 | — | — | 9,981,080 |
Financials | 49,025,559 | — | — | 49,025,559 |
Health Care | 270,324,334 | — | — | 270,324,334 |
Industrials | 111,032,658 | — | — | 111,032,658 |
Information Technology | 823,424,493 | — | — | 823,424,493 |
Materials | 19,683,792 | — | — | 19,683,792 |
Real Estate | 20,211,351 | — | — | 20,211,351 |
Total Common Stocks | 1,830,477,080 | — | — | 1,830,477,080 |
Money Market Funds | 22,806,514 | — | — | 22,806,514 |
Total Investments in Securities | 1,853,283,594 | — | — | 1,853,283,594 |
10 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
February 28, 2021
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $974,963,635) | $1,830,477,080 |
Affiliated issuers (cost $22,806,489) | 22,806,514 |
Receivable for: | |
Capital shares sold | 618,200 |
Dividends | 1,294,148 |
Expense reimbursement due from Investment Manager | 2,259 |
Prepaid expenses | 28,247 |
Total assets | 1,855,226,448 |
Liabilities | |
Payable for: | |
Investments purchased | 4,108,531 |
Capital shares purchased | 1,317,288 |
Management services fees | 35,336 |
Distribution and/or service fees | 9,308 |
Transfer agent fees | 187,510 |
Compensation of board members | 541,353 |
Compensation of chief compliance officer | 13 |
Other expenses | 56,281 |
Total liabilities | 6,255,620 |
Net assets applicable to outstanding capital stock | $1,848,970,828 |
Represented by | |
Paid in capital | 828,094,451 |
Total distributable earnings (loss) | 1,020,876,377 |
Total - representing net assets applicable to outstanding capital stock | $1,848,970,828 |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 11 |
February 28, 2021
Class A | |
Net assets | $1,197,120,638 |
Shares outstanding | 51,214,530 |
Net asset value per share | $23.37 |
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) | $24.80 |
Advisor Class | |
Net assets | $24,768,283 |
Shares outstanding | 914,737 |
Net asset value per share | $27.08 |
Class C | |
Net assets | $29,862,663 |
Shares outstanding | 2,176,699 |
Net asset value per share | $13.72 |
Institutional Class | |
Net assets | $536,601,877 |
Shares outstanding | 20,598,365 |
Net asset value per share | $26.05 |
Institutional 2 Class | |
Net assets | $34,107,986 |
Shares outstanding | 1,242,195 |
Net asset value per share | $27.46 |
Institutional 3 Class | |
Net assets | $1,617,604 |
Shares outstanding | 61,577 |
Net asset value per share | $26.27 |
Class R | |
Net assets | $24,891,777 |
Shares outstanding | 1,062,090 |
Net asset value per share | $23.44 |
12 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
Year Ended February 28, 2021
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $14,580,510 |
Dividends — affiliated issuers | 18,703 |
Foreign taxes withheld | (8,587) |
Total income | 14,590,626 |
Expenses: | |
Management services fees | 11,585,002 |
Distribution and/or service fees | |
Class A | 2,639,628 |
Class C | 338,044 |
Class R | 112,652 |
Transfer agent fees | |
Class A | 1,284,586 |
Advisor Class | 24,957 |
Class C | 41,378 |
Institutional Class | 574,346 |
Institutional 2 Class | 14,204 |
Institutional 3 Class | 187 |
Class R | 27,451 |
Compensation of board members | 109,973 |
Custodian fees | 11,513 |
Printing and postage fees | 84,020 |
Registration fees | 117,477 |
Audit fees | 29,500 |
Legal fees | 23,343 |
Interest on interfund lending | 65 |
Compensation of chief compliance officer | 355 |
Other | 75,694 |
Total expenses | 17,094,375 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (1,049,983) |
Expense reduction | (1,155) |
Total net expenses | 16,043,237 |
Net investment loss | (1,452,611) |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 280,519,366 |
Investments — affiliated issuers | (322) |
Net realized gain | 280,519,044 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 388,546,045 |
Investments — affiliated issuers | (16) |
Net change in unrealized appreciation (depreciation) | 388,546,029 |
Net realized and unrealized gain | 669,065,073 |
Net increase in net assets resulting from operations | $667,612,462 |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 13 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | |
Operations | ||
Net investment loss | $(1,452,611) | $(1,522,137) |
Net realized gain | 280,519,044 | 218,112,706 |
Net change in unrealized appreciation (depreciation) | 388,546,029 | (18,779,714) |
Net increase in net assets resulting from operations | 667,612,462 | 197,810,855 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (139,067,738) | (91,976,806) |
Advisor Class | (2,393,609) | (2,372,940) |
Class C | (7,102,003) | (6,218,009) |
Institutional Class | (56,589,107) | (39,564,337) |
Institutional 2 Class | (2,823,471) | (1,589,099) |
Institutional 3 Class | (148,617) | (73,495) |
Class R | (2,936,930) | (2,241,486) |
Total distributions to shareholders | (211,061,475) | (144,036,172) |
Decrease in net assets from capital stock activity | (28,132,733) | (157,007,442) |
Total increase (decrease) in net assets | 428,418,254 | (103,232,759) |
Net assets at beginning of year | 1,420,552,574 | 1,523,785,333 |
Net assets at end of year | $1,848,970,828 | $1,420,552,574 |
14 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
Year Ended | Year Ended | |||
February 28, 2021 | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 3,422,730 | 70,474,490 | 2,942,055 | 53,053,134 |
Distributions reinvested | 4,639,656 | 95,516,492 | 3,565,912 | 63,599,348 |
Redemptions | (8,579,194) | (176,910,830) | (8,884,378) | (162,380,630) |
Net decrease | (516,808) | (10,919,848) | (2,376,411) | (45,728,148) |
Advisor Class | ||||
Subscriptions | 165,478 | 4,086,134 | 152,256 | 3,126,971 |
Distributions reinvested | 100,397 | 2,391,082 | 117,417 | 2,371,747 |
Redemptions | (238,356) | (5,336,921) | (747,396) | (15,204,476) |
Net increase (decrease) | 27,519 | 1,140,295 | (477,723) | (9,705,758) |
Class C | ||||
Subscriptions | 234,359 | 2,963,551 | 180,883 | 2,159,733 |
Distributions reinvested | 516,051 | 6,379,511 | 432,903 | 5,020,316 |
Redemptions | (1,834,992) | (23,330,991) | (2,251,655) | (27,388,520) |
Net decrease | (1,084,582) | (13,987,929) | (1,637,869) | (20,208,471) |
Institutional Class | ||||
Subscriptions | 2,082,903 | 49,431,380 | 1,372,045 | 27,161,104 |
Distributions reinvested | 2,026,959 | 46,394,110 | 1,670,174 | 32,614,073 |
Redemptions | (4,660,306) | (105,713,887) | (7,235,914) | (144,163,493) |
Net decrease | (550,444) | (9,888,397) | (4,193,695) | (84,388,316) |
Institutional 2 Class | ||||
Subscriptions | 386,942 | 9,958,955 | 463,220 | 9,736,148 |
Distributions reinvested | 116,706 | 2,823,471 | 77,701 | 1,588,715 |
Redemptions | (236,211) | (5,413,625) | (200,912) | (4,228,728) |
Net increase | 267,437 | 7,368,801 | 340,009 | 7,096,135 |
Institutional 3 Class | ||||
Subscriptions | 16,456 | 405,374 | 20,334 | 415,755 |
Distributions reinvested | 5,773 | 133,915 | 3,428 | 67,329 |
Redemptions | (5,468) | (136,117) | (20,523) | (411,573) |
Net increase | 16,761 | 403,172 | 3,239 | 71,511 |
Class R | ||||
Subscriptions | 225,630 | 4,581,580 | 162,535 | 3,008,794 |
Distributions reinvested | 141,690 | 2,923,196 | 122,734 | 2,200,623 |
Redemptions | (488,697) | (9,753,603) | (507,884) | (9,353,812) |
Net decrease | (121,377) | (2,248,827) | (222,615) | (4,144,395) |
Total net decrease | (1,961,494) | (28,132,733) | (8,565,065) | (157,007,442) |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 15 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain | Total from investment operations | Distributions from net realized gains | Total distributions to shareholders | |
Class A | ||||||
Year Ended 2/28/2021 | $17.67 | (0.03) | 8.53 | 8.50 | (2.80) | (2.80) |
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) |
Advisor Class | ||||||
Year Ended 2/28/2021 | $20.07 | 0.02 | 9.79 | 9.81 | (2.80) | (2.80) |
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) |
Class C | ||||||
Year Ended 2/28/2021 | $11.35 | (0.11) | 5.28 | 5.17 | (2.80) | (2.80) |
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) |
Institutional Class | ||||||
Year Ended 2/28/2021 | $19.39 | 0.02 | 9.44 | 9.46 | (2.80) | (2.80) |
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) |
Institutional 2 Class | ||||||
Year Ended 2/28/2021 | $20.31 | 0.04 | 9.91 | 9.95 | (2.80) | (2.80) |
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) |
16 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $23.37 | 50.88% | 1.11%(c) | 1.04%(c),(d) | (0.15%) | 44% | $1,197,121 |
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 |
Advisor Class | |||||||
Year Ended 2/28/2021 | $27.08 | 51.34% | 0.86%(c) | 0.79%(c),(d) | 0.10% | 44% | $24,768 |
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 |
Class C | |||||||
Year Ended 2/28/2021 | $13.72 | 49.77% | 1.86%(c) | 1.79%(c),(d) | (0.90%) | 44% | $29,863 |
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 |
Institutional Class | |||||||
Year Ended 2/28/2021 | $26.05 | 51.34% | 0.86%(c) | 0.79%(c),(d) | 0.10% | 44% | $536,602 |
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 |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $27.46 | 51.43% | 0.79%(c) | 0.73%(c) | 0.15% | 44% | $34,108 |
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 |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 17 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain | Total from investment operations | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | ||||||
Year Ended 2/28/2021 | $19.52 | 0.05 | 9.50 | 9.55 | (2.80) | (2.80) |
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(f) | $17.10 | 0.04 | 3.74 | 3.78 | (1.11) | (1.11) |
Class R | ||||||
Year Ended 2/28/2021 | $17.75 | (0.08) | 8.57 | 8.49 | (2.80) | (2.80) |
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(g) | $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) | Ratios include interfund lending expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | 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) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
(g) | Class R shares commenced operations on October 26, 2016. Per share data and total return reflect activity from that date. |
(h) | Annualized. |
18 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $26.27 | 51.47% | 0.75%(c) | 0.69%(c) | 0.20% | 44% | $1,618 |
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(f) | $19.77 | 22.55% | 0.76% | 0.76% | 0.19% | 37% | $262 |
Class R | |||||||
Year Ended 2/28/2021 | $23.44 | 50.57% | 1.36%(c) | 1.29%(c),(d) | (0.40%) | 44% | $24,892 |
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(g) | $15.87 | 8.81% | 1.35%(h) | 1.35%(d),(h) | (0.14%)(h) | 29% | $26,278 |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 19 |
February 28, 2021
20 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
February 28, 2021
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 21 |
February 28, 2021
22 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
February 28, 2021
Effective rate (%) | |
Class A | 0.12 |
Advisor Class | 0.12 |
Class C | 0.12 |
Institutional Class | 0.12 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.02 |
Class R | 0.12 |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 23 |
February 28, 2021
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 137,540 |
Class C | — | 1.00(b) | 684 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Fee rate(s) contractual through June 30, 2021 | |
Class A | 1.05% |
Advisor Class | 0.80 |
Class C | 1.80 |
Institutional Class | 0.80 |
Institutional 2 Class | 0.73 |
Institutional 3 Class | 0.69 |
Class R | 1.30 |
24 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
February 28, 2021
Excess of distributions over net investment income ($) | Accumulated net realized gain ($) | Paid in capital ($) |
1,948,663 | (1,948,663) | — |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | ||||
Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
— | 211,061,475 | 211,061,475 | — | 144,036,172 | 144,036,172 |
Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
84,472,665 | 82,770,433 | — | 854,171,083 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
999,112,511 | 858,025,267 | (3,854,184) | 854,171,083 |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 25 |
February 28, 2021
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 1,100,000 | 0.70 | 3 |
26 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
February 28, 2021
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 27 |
February 28, 2021
28 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 29 |
Capital gain dividend | |
$203,817,777 |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
George S. Batejan c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1953 | Trustee since 2017 | Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 | 172 | Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018 |
Kathleen Blatz c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2006 | Attorney; specializing in arbitration and mediation; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member and Interim Chair, Minnesota Sports Facilities Authority, January 2017-July 2017; Interim President and Chief Executive Officer, Blue Cross and Blue Shield of Minnesota (health care insurance), February-July 2018 | 172 | Trustee, BlueCross BlueShield of Minnesota since 2009 (Chair of the Business Development Committee - 2014-2017; Chair of the Governance Committee, 2017-2019); former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017-July 2017; Director, Robina Foundation, 2009-2020 (Chair, 2014-2020) |
30 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Pamela G. Carlton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2007 | President, Springboard — Partners in Cross Cultural Leadership (consulting company) since 2003; Managing Director of US Equity Research, JP Morgan Chase, 1999-2003; Director of US Equity Research, Chase Asset Management, 1996-1999; Co-Director Latin America Research, 1993-1996, COO Global Research, 1992-1996, Co-Director of US Research, 1991-1992, Investment Banker, 1982-1991, Morgan Stanley; Attorney at Cleary Gottlieb Steen & Hamilton LLP, 1980-1982 | 172 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of People Committee) since 1996; Director, DR Bank (Audit Committee) since 2017; Director, Evercore Inc. (Audit Committee, Nominating and Governance Committee) since 2019 |
Janet Langford Carrig c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1957 | Trustee since 1996 | Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (independent energy company), September 2007-October 2018 | 170 | Director, EQT Corporation (natural gas producer) since 2019; Director, Whiting Petroleum Corporation (independent oil and gas company) since 2020 |
J. Kevin Connaughton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2020(a) | Member, FINRA National Adjudicatory Council since January 2020; Adjunct Professor of Finance, Bentley University since January 2018; Managing Director and General Manager of Mutual Fund Products, Columbia Management Investment Advisers, LLC, May 2010-February 2015; President, Columbia Funds, 2008-2015; and senior officer of Columbia Funds and affiliated funds, 2003-2015 | 170 | Director, The Autism Project since March 2015; former Member of the Investment Committee, St. Michael’s College, November 2015-February 2020; former Trustee, St. Michael’s College, June 2017-September 2019; former Trustee, New Century Portfolios, January 2015-December 2017 |
Olive M. Darragh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1962 | Trustee since 2020(a) | Managing Director of Darragh Inc. (strategy and talent management consulting firm) since 2010; Founder and CEO, Zolio, Inc. (investment management talent identification platform) since 2004; Partner, Tudor Investments, 2004-2010; Senior Partner, McKinsey & Company (consulting), 2001-2004 | 170 | Former Director, University of Edinburgh Business School (Member of US Board); former Director, Boston Public Library Foundation |
Patricia M. Flynn c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1950 | Trustee since 2004 | Trustee Professor of Economics and Management, Bentley University since 1976 (also teaches and conducts research on corporate governance); Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 | 172 | Trustee, MA Taxpayers Foundation since 1997; Board of Governors, Innovation Institute, MA Technology Collaborative, 2010-2019; Board of Directors, The MA Business Roundtable, 2003-2019 |
Brian J. Gallagher c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2017 | Retired; Partner with Deloitte & Touche LLP and its predecessors, 1977-2016 | 172 | Trustee, Catholic Schools Foundation since 2004 |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 31 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Douglas A. Hacker c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1955 | Co-Chair since 2021; Chair of CFST I and CFVIT since 2014; Trustee of CFST I and CFVIT since 1996 and CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2021 | Independent business executive since May 2006; Executive Vice President – Strategy of United Airlines, December 2002 - May 2006; President of UAL Loyalty Services (airline marketing company), September 2001-December 2002; Executive Vice President and Chief Financial Officer of United Airlines, July 1999-September 2001 | 170 | Director, Spartan Nash Company (food distributor); Director, Aircastle Limited (Chair of Audit Committee) (aircraft leasing); former Director, Nash Finch Company (food distributor), 2005-2013; former Director, SeaCube Container Leasing Ltd. (container leasing), 2010-2013; and former Director, Travelport Worldwide Limited (travel information technology), 2014-2019 |
Nancy T. Lukitsh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1956 | Trustee since 2011 | Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser), 1997-2010; Chair, Wellington Management Portfolios (commingled non-U.S. investment pools), 2007 -2010; Director, Wellington Trust Company, NA and other Wellington affiliates, 1997-2010 | 170 | |
David M. Moffett c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Trustee since 2011 | Retired; Consultant to Bridgewater and Associates | 170 | Director, CSX Corporation (transportation suppliers); Director, Genworth Financial, Inc. (financial and insurance products and services); Director, PayPal Holdings Inc. (payment and data processing services); Trustee, University of Oklahoma Foundation; former Director, eBay Inc. (online trading community), 2007-2015; and former Director, CIT Bank, CIT Group Inc. (commercial and consumer finance), 2010-2016 |
Catherine James Paglia c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Co-Chair since 2021; Chair of CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2020; Trustee of CFST, CFST II and CFVST II since 2004 and CFST I and CFVIT since 2021 | Director, Enterprise Asset Management, Inc. (private real estate and asset management company) since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989-1997; Vice President, 1982-1985, Principal, 1985-1987, Managing Director, 1987-1989, Morgan Stanley; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. | 172 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012; Trustee, Carleton College (on the Investment Committee); Trustee, Carnegie Endowment for International Peace (on the Investment Committee) |
32 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Anthony M. Santomero c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1946 | Trustee since 2008 | Richard K. Mellon Professor Emeritus of Finance, The Wharton School, University of Pennsylvania, since 2002; Senior Advisor, McKinsey & Company (consulting), 2006-2008; President, Federal Reserve Bank of Philadelphia, 2000-2006; Professor of Finance, The Wharton School, University of Pennsylvania, 1972-2002 | 172 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, RenaissanceRe Holdings Ltd. since May 2008; former Director, Citigroup Inc. and Citibank, N.A., 2009-2019; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 |
Minor M. Shaw c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1947 | Trustee since 2003 | President, Micco LLC (private investments) since 2011; President, Micco Corp. (family investment business), 1998-2011 | 172 | Director, BlueCross BlueShield of South Carolina (Chair of Compensation Committee) since April 2008; Trustee, Hollingsworth Funds (on the Investment Committee) since 2016 (previously Board Chair from 2016-2019); Former Advisory Board member, Duke Energy Corp., 2016-2020; Chair of the Duke Endowment; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016; former Director, National Association of Corporate Directors, Carolinas Chapter, 2013-2018; Chair, Daniel-Mickel Foundation |
Natalie A. Trunow c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1967 | Trustee since 2020(a) | Chief Executive Officer, Millennial Portfolio Solutions LLC (asset management and consulting services) since January 2016; Non-executive Member of the Investment Committee, Sarona Asset Management Inc. (private equity firm) since September 2019; Advisor, Horizon Investments (asset management and consulting services) since August 2018; Advisor, Paradigm Asset Management since November 2016; Director of Investments, Casey Family Programs, April 2016-September 2016; Senior Vice President and Chief Investment Officer, Calvert Investments, August 2008 - January 2016; Section Head and Portfolio Manager, General Motors Asset Management, June 1997-August 2008 | 170 | Director, Health Services for Children with Special Needs, Inc.; Director, Consumer Credit Counseling Services (formerly Guidewell Financial Solutions); Independent Director, Investment Committee, Sarona Asset Management |
Sandra Yeager c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2017 | Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 | 172 | Director, NAPE Education Foundation, October 2016-October 2020 |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 33 |
* | The term “Columbia Funds Complex” as used herein includes Columbia Seligman Premium Technology Growth Fund, Tri-Continental Corporation and each series of Columbia Fund Series Trust (CFST), Columbia Funds Series Trust I (CFST I), Columbia Funds Series Trust II (CFST II), Columbia ETF Trust I, Columbia ETF Trust II, Columbia Funds Variable Insurance Trust (CFVIT) and Columbia Funds Variable Series Trust II (CFVST II). Messrs. Batejan, Gallagher, Petersen and Santomero and Mses. Blatz, Carlton, Flynn, Paglia, Shaw and Yeager serve as a director of Columbia Seligman Premium Technology Growth Fund and Tri-Continental Corporation. |
(a) | J. Kevin Connaughton was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective March 1, 2016. Natalie A. Trunow was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective September 1, 2016. Olive M. Darragh was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective June 10, 2019. Shareholders of the Funds elected Mr. Connaughton and Mses. Darragh and Trunow as Trustees of CFST I, effective January 1, 2021, and of CFVIT, effective July 1, 2020. |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during the past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex overseen | Other directorships held by Trustee during the past five years |
Christopher O. Petersen c/o Columbia Management Investment Advisers, LLC 5228 Ameriprise Financial Center Minneapolis, MN 55474 1970 | Trustee since 2020(a) | Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since January 2015 (previously Vice President and Chief Counsel, January 2010-December 2014); officer of Columbia Funds and affiliated funds since 2007 | 172 | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
(a) | Mr. Petersen serves as the President and Principal Executive Officer of the Columbia Funds (since 2015). |
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Michael G. Clarke 225 Franklin Street Boston, MA 02110 1969 | Chief Financial Officer and Principal Financial Officer (2009) and Senior Vice President (2019) | Vice President, Head of North American Operations, and Co-Head of Global Operations, Columbia Management Investment Advisers, LLC, since June 2019 (previously Vice President – Accounting and Tax, May 2010 – May 2019); senior officer of Columbia Funds and affiliated funds since 2002. |
Joseph Beranek 5890 Ameriprise Financial Center Minneapolis, MN 55474 1965 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) (2019) and Principal Financial Officer (2020), CFST, CFST I, CFST II, CFVIT and CFVST II; Assistant Treasurer, Columbia ETF Trust I and Columbia ETF Trust II | Vice President – Mutual Fund Accounting and Financial Reporting, Columbia Management Investment Advisers, LLC, since December 2018 and March 2017, respectively (previously Vice President – Pricing and Corporate Actions, May 2010 - March 2017). |
34 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
Fund officers (continued)
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Marybeth Pilat 225 Franklin Street Boston, MA 02110 1968 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer (2020) for Columbia ETF Trust I and Columbia ETF Trust II; Assistant Treasurer, CFST, CFST I, CFST II, CFVIT and CFVST II | Vice President – Product Pricing and Administration, Columbia Management Investment Advisers, LLC, since May 2017; Director - Fund Administration, Calvert Investments, August 2015 – March 2017; Vice President - Fund Administration, Legg Mason, May 2015 - July 2015; Vice President - Fund Administration, Columbia Management Investment Advisers, LLC, May 2010 - April 2015. |
William F. Truscott 225 Franklin Street Boston, MA 02110 1960 | Senior Vice President (2001) | Formerly, Trustee of Columbia Funds Complex until January 1, 2021; Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012; Chairman of the Board and President, Columbia Management Investment Advisers, LLC since July 2004 and February 2012, respectively; Chairman of the Board and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since November 2008 and February 2012, respectively; Chairman of the Board and Director, Threadneedle Asset Management Holdings, Sàrl since March 2013 and December 2008, respectively; senior executive of various entities affiliated with Columbia Threadneedle. |
Paul B. Goucher 485 Lexington Avenue New York, NY 10017 1968 | Senior Vice President (2011) and Assistant Secretary (2008) | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since March 2015 (previously Vice President and Assistant Secretary, May 2010 – March 2015). |
Thomas P. McGuire 225 Franklin Street Boston, MA 02110 1972 | Senior Vice President and Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Columbia Acorn/Wanger Funds since December 2015; Chief Compliance Officer, Ameriprise Certificate Company September 2010 – September 2020. |
Colin Moore 225 Franklin Street Boston, MA 02110 1958 | Senior Vice President (2010) | Executive Vice President and Global Chief Investment Officer, Ameriprise Financial, Inc., since July 2013; Executive Vice President and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since July 2013. |
Ryan C. Larrenaga 225 Franklin Street Boston, MA 02110 1970 | Senior Vice President (2017), Chief Legal Officer (2017), and Secretary (2015) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously Vice President and Group Counsel, August 2011 - August 2018); Chief Legal Officer, Columbia Acorn/Wanger Funds, since September 2020; officer of Columbia Funds and affiliated funds since 2005. |
Daniel J. Beckman 225 Franklin Street Boston, MA 02110 1962 | Senior Vice President (2020) | Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015). |
Michael E. DeFao 225 Franklin Street Boston, MA 02110 1968 | Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. |
Lyn Kephart-Strong 5228 Ameriprise Financial Center Minneapolis, MN 55474 1960 | Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 | 35 |
Trustee | Votes for | Votes withheld | Abstentions |
George S. Batejan | 1,166,986,012 | 16,252,243 | 0 |
Kathleen Blatz | 1,167,818,192 | 15,420,063 | 0 |
Pamela G. Carlton | 1,167,761,255 | 15,477,001 | 0 |
Janet Langford Carrig | 1,169,443,247 | 13,795,008 | 0 |
J. Kevin Connaughton | 1,168,554,731 | 14,683,525 | 0 |
Olive M. Darragh | 1,169,004,224 | 14,234,032 | 0 |
Patricia M. Flynn | 1,168,110,224 | 15,128,031 | 0 |
Brian J. Gallagher | 1,166,931,187 | 16,307,068 | 0 |
Douglas A. Hacker | 1,168,253,721 | 14,984,535 | 0 |
Nancy T. Lukitsh | 1,169,128,202 | 14,110,053 | 0 |
David M. Moffett | 1,167,387,510 | 15,850,745 | 0 |
Catherine James Paglia | 1,167,159,143 | 16,079,112 | 0 |
Anthony M. Santomero | 1,166,760,857 | 16,477,398 | 0 |
Minor M. Shaw | 1,165,931,084 | 17,307,171 | 0 |
Natalie A. Trunow | 1,168,907,601 | 14,330,655 | 0 |
Sandra Yeager | 1,167,549,796 | 15,688,459 | 0 |
Christopher O. Petersen | 1,167,593,463 | 15,644,793 | 0 |
36 | Columbia Large Cap Growth Opportunity Fund | Annual Report 2021 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
February 28, 2021
3 | |
5 | |
7 | |
8 | |
18 | |
19 | |
20 | |
22 | |
24 | |
35 | |
36 | |
36 | |
42 |
Average annual total returns (%) (for the period ended February 28, 2021) | |||||
Inception | 1 Year | 5 Years | 10 Years | ||
Class A | 05/31/00 | 39.13 | 14.65 | 11.16 | |
Institutional Class | 03/31/00 | 39.49 | 14.94 | 11.44 | |
Institutional 2 Class* | 11/08/12 | 39.52 | 14.93 | 11.45 | |
Institutional 3 Class* | 03/01/17 | 39.46 | 14.93 | 11.44 | |
S&P MidCap 400 Index | 39.79 | 15.20 | 11.68 |
* | 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 | Annual Report 2021 | 3 |
Portfolio breakdown (%) (at February 28, 2021) | |
Common Stocks | 98.8 |
Money Market Funds | 1.2 |
Total | 100.0 |
Equity sector breakdown (%) (at February 28, 2021) | |
Communication Services | 1.9 |
Consumer Discretionary | 15.7 |
Consumer Staples | 3.5 |
Energy | 1.2 |
Financials | 16.0 |
Health Care | 11.2 |
Industrials | 17.9 |
Information Technology | 14.7 |
Materials | 5.9 |
Real Estate | 8.9 |
Utilities | 3.1 |
Total | 100.0 |
4 | Columbia Mid Cap Index Fund | Annual Report 2021 |
• | Ten of the eleven sectors of the S&P Mid Cap 400 Index posted a positive return during the 12 months ended February 28, 2021. |
• | In terms of total return, consumer discretionary, information technology and health care were the best relative performers. |
• | On the basis of impact, which takes weighting and total returns into account, information technology, consumer discretionary and industrials were the biggest contributors to the Index’s return. |
• | The top performing industries on the basis of total return were semiconductors and semiconductor equipment; retailing; pharmaceuticals, biotechnology and life sciences; consumer services; and automobiles and components. |
• | Top individual contributors within the S&P Mid Cap 400 Index during the annual period included solar power company Enphase Energy Inc.; generator manufacturer Generac Holdings Inc.; casino and racetrack operator Penn National Gaming, Inc.; technology power management solutions manufacturer Monolithic Power Systems, Inc.; and solar power optimization and photovoltaic monitoring solutions provider SolarEdge Technologies Inc. |
• | Surpassing financials, which held the position for some time, industrials was the largest sector by weighting in the S&P Mid Cap 400 Index, with a weighting of 18.60% as of February 28, 2021. Each sector and stock in the S&P Mid Cap 400 Index was represented in the fund with approximately the same weighting as in the Index and therefore had a similar effect. |
Columbia Mid Cap Index Fund | Annual Report 2021 | 5 |
• | Utilities and real estate were the weakest sectors in terms of total return, followed at some distance by communication services. |
• | On the basis of impact, real estate, utilities and energy were the weakest sectors. |
• | The worst performing industries for the annual period on the basis of total return were telecommunication services; utilities; real estate; insurance; and commercial and professional services. |
• | Top individual detractors were real estate investment trust National Retail Properties Inc.; petroleum refiner and supplier PBF Energy Inc.-Class A; megaplex theater and entertainment-themed retail center-focused real estate investment trust EPR Properties; electric utilities company OGE Energy Corp.; and offshore drilling contractor Transocean Ltd. |
6 | Columbia Mid Cap Index Fund | Annual Report 2021 |
(Unaudited)
September 1, 2020 — February 28, 2021 | |||||||
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 | 1,301.40 | 1,022.31 | 2.54 | 2.23 | 0.45 |
Institutional Class | 1,000.00 | 1,000.00 | 1,303.80 | 1,023.54 | 1.13 | 0.99 | 0.20 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,303.30 | 1,023.54 | 1.13 | 0.99 | 0.20 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,303.60 | 1,023.54 | 1.13 | 0.99 | 0.20 |
Columbia Mid Cap Index Fund | Annual Report 2021 | 7 |
February 28, 2021
Common Stocks 98.9% | ||
Issuer | Shares | Value ($) |
Communication Services 1.9% | ||
Diversified Telecommunication Services 0.2% | ||
Iridium Communications, Inc.(a) | 182,328 | 6,984,986 |
Entertainment 0.2% | ||
Cinemark Holdings, Inc. | 167,124 | 3,751,934 |
World Wrestling Entertainment, Inc., Class A | 72,578 | 3,585,353 |
Total | 7,337,287 | |
Interactive Media & Services 0.3% | ||
TripAdvisor, Inc.(a) | 149,465 | 7,416,453 |
Yelp, Inc.(a) | 108,111 | 4,076,866 |
Total | 11,493,319 | |
Media 1.1% | ||
Cable One, Inc. | 8,428 | 16,138,356 |
John Wiley & Sons, Inc., Class A | 67,823 | 3,572,916 |
New York Times Co. (The), Class A | 225,059 | 11,516,269 |
TEGNA, Inc. | 340,767 | 6,212,182 |
Total | 37,439,723 | |
Wireless Telecommunication Services 0.1% | ||
Telephone and Data Systems, Inc. | 154,742 | 2,768,334 |
Total Communication Services | 66,023,649 | |
Consumer Discretionary 15.6% | ||
Auto Components 1.7% | ||
Adient PLC(a) | 145,939 | 5,411,418 |
Dana, Inc. | 224,582 | 5,347,297 |
Fox Factory Holding Corp.(a) | 64,837 | 8,244,024 |
Gentex Corp. | 380,891 | 13,475,924 |
Goodyear Tire & Rubber Co. (The)(a) | 362,359 | 6,091,255 |
Lear Corp. | 84,920 | 14,104,363 |
Visteon Corp.(a) | 43,261 | 5,501,501 |
Total | 58,175,782 | |
Automobiles 0.5% | ||
Harley-Davidson, Inc. | 238,241 | 8,498,057 |
Thor Industries, Inc. | 86,055 | 10,073,598 |
Total | 18,571,655 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Diversified Consumer Services 1.1% | ||
Adtalem Global Education, Inc.(a) | 80,965 | 3,181,924 |
Graham Holdings Co., Class B | 6,282 | 3,774,414 |
Grand Canyon Education, Inc.(a) | 72,830 | 7,624,573 |
H&R Block, Inc. | 285,086 | 5,482,204 |
Service Corp. International | 268,495 | 12,823,321 |
Strategic Education, Inc. | 37,929 | 3,448,505 |
WW International, Inc.(a) | 73,028 | 2,153,596 |
Total | 38,488,537 | |
Hotels, Restaurants & Leisure 4.5% | ||
Boyd Gaming Corp.(a) | 124,824 | 7,327,169 |
Caesars Entertainment, Inc.(a) | 323,724 | 30,248,771 |
Choice Hotels International, Inc. | 44,823 | 4,700,588 |
Churchill Downs, Inc. | 55,192 | 12,728,931 |
Cracker Barrel Old Country Store, Inc. | 36,869 | 5,709,902 |
Jack in the Box, Inc. | 35,318 | 3,614,797 |
Marriott Vacations Worldwide Corp. | 63,824 | 10,831,571 |
Papa John’s International, Inc. | 51,217 | 4,619,261 |
Penn National Gaming, Inc.(a) | 229,348 | 26,553,911 |
Scientific Games Corp., Class A(a) | 87,274 | 4,087,041 |
Six Flags Entertainment Corp. | 117,551 | 5,242,775 |
Texas Roadhouse, Inc. | 101,517 | 9,225,865 |
Travel + Leisure Co. | 133,453 | 8,064,565 |
Wendy’s Co. (The) | 278,630 | 5,692,411 |
Wingstop, Inc. | 46,136 | 6,281,416 |
Wyndham Hotels & Resorts, Inc. | 144,809 | 9,453,132 |
Total | 154,382,106 | |
Household Durables 1.5% | ||
Helen of Troy Ltd.(a) | 39,406 | 8,543,221 |
KB Home | 136,896 | 5,527,860 |
Taylor Morrison Home Corp., Class A(a) | 201,970 | 5,556,195 |
Tempur Sealy International, Inc. | 298,283 | 9,965,635 |
Toll Brothers, Inc. | 178,474 | 9,534,081 |
TopBuild Corp.(a) | 51,329 | 9,773,555 |
Tri Pointe Homes, Inc.(a) | 197,123 | 3,745,337 |
Total | 52,645,884 |
8 | Columbia Mid Cap Index Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Internet & Direct Marketing Retail 0.3% | ||
GrubHub, Inc.(a) | 144,169 | 9,236,908 |
Leisure Products 1.2% | ||
Brunswick Corp. | 121,768 | 10,760,638 |
Mattel, Inc.(a) | 540,957 | 10,927,331 |
Polaris, Inc. | 90,146 | 10,615,593 |
YETI Holdings, Inc.(a) | 116,402 | 8,004,966 |
Total | 40,308,528 | |
Multiline Retail 0.8% | ||
Kohl’s Corp. | 245,038 | 13,538,349 |
Nordstrom, Inc. | 169,110 | 6,164,060 |
Ollie’s Bargain Outlet Holdings, Inc.(a) | 88,404 | 7,309,243 |
Total | 27,011,652 | |
Specialty Retail 2.8% | ||
American Eagle Outfitters, Inc. | 232,469 | 5,974,453 |
AutoNation, Inc.(a) | 91,501 | 6,864,405 |
Dick’s Sporting Goods, Inc. | 102,168 | 7,291,730 |
Five Below, Inc.(a) | 86,842 | 16,163,033 |
Foot Locker, Inc. | 162,254 | 7,802,795 |
Lithia Motors, Inc., Class A | 40,604 | 15,183,866 |
Murphy U.S.A., Inc. | 41,295 | 5,147,422 |
Restoration Hardware Holdings, Inc.(a) | 24,264 | 11,898,338 |
Urban Outfitters, Inc.(a) | 106,392 | 3,606,689 |
Williams-Sonoma, Inc. | 119,040 | 15,628,761 |
Total | 95,561,492 | |
Textiles, Apparel & Luxury Goods 1.2% | ||
Capri Holdings Ltd.(a) | 234,150 | 10,927,780 |
Carter’s, Inc. | 67,842 | 5,662,772 |
Columbia Sportswear Co. | 47,340 | 4,879,334 |
Deckers Outdoor Corp.(a) | 43,651 | 14,235,028 |
Skechers U.S.A., Inc., Class A(a) | 210,737 | 7,712,974 |
Total | 43,417,888 | |
Total Consumer Discretionary | 537,800,432 | |
Consumer Staples 3.5% | ||
Beverages 0.4% | ||
Boston Beer Co., Inc. (The), Class A(a) | 14,207 | 14,614,883 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Food & Staples Retailing 0.8% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 213,374 | 8,573,368 |
Casey’s General Stores, Inc. | 57,409 | 11,594,322 |
Grocery Outlet Holding Corp.(a) | 133,168 | 4,792,716 |
Sprouts Farmers Market, Inc.(a) | 183,329 | 3,870,075 |
Total | 28,830,481 | |
Food Products 1.9% | ||
Darling Ingredients, Inc.(a) | 251,901 | 15,879,839 |
Flowers Foods, Inc. | 305,871 | 6,652,694 |
Hain Celestial Group, Inc. (The)(a) | 128,264 | 5,410,176 |
Ingredion, Inc. | 104,122 | 9,391,804 |
Lancaster Colony Corp. | 30,388 | 5,307,872 |
Pilgrim’s Pride Corp.(a) | 75,711 | 1,695,169 |
Post Holdings, Inc.(a) | 95,229 | 9,147,698 |
Sanderson Farms, Inc. | 30,765 | 4,691,662 |
Tootsie Roll Industries, Inc. | 26,901 | 828,820 |
TreeHouse Foods, Inc.(a) | 87,832 | 4,393,357 |
Total | 63,399,091 | |
Household Products 0.1% | ||
Energizer Holdings, Inc. | 90,524 | 3,783,903 |
Personal Products 0.3% | ||
Coty, Inc., Class A(a) | 440,462 | 3,378,343 |
Edgewell Personal Care Co. | 84,484 | 2,584,366 |
Nu Skin Enterprises, Inc., Class A | 79,317 | 4,059,444 |
Total | 10,022,153 | |
Total Consumer Staples | 120,650,511 | |
Energy 1.2% | ||
Energy Equipment & Services 0.2% | ||
ChampionX Corp.(a) | 288,857 | 6,143,988 |
Oil, Gas & Consumable Fuels 1.0% | ||
Antero Midstream Corp. | 444,502 | 3,920,508 |
Cimarex Energy Co. | 158,481 | 9,190,313 |
CNX Resources Corp.(a) | 348,984 | 4,400,688 |
EQT Corp.(a) | 428,362 | 7,620,560 |
Equitrans Midstream Corp. | 631,855 | 4,568,312 |
Columbia Mid Cap Index Fund | Annual Report 2021 | 9 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Murphy Oil Corp. | 224,414 | 3,664,681 |
World Fuel Services Corp. | 98,701 | 3,067,627 |
Total | 36,432,689 | |
Total Energy | 42,576,677 | |
Financials 15.8% | ||
Banks 7.2% | ||
Associated Banc-Corp. | 238,724 | 4,810,289 |
BancorpSouth Bank | 149,869 | 4,505,062 |
Bank of Hawaii Corp. | 62,267 | 5,448,362 |
Bank OZK | 187,891 | 7,744,867 |
Cathay General Bancorp | 116,388 | 4,380,844 |
CIT Group, Inc. | 153,138 | 6,944,808 |
Commerce Bancshares, Inc. | 163,836 | 12,128,779 |
Cullen/Frost Bankers, Inc. | 86,949 | 9,077,475 |
East West Bancorp, Inc. | 220,032 | 15,877,509 |
First Financial Bankshares, Inc. | 220,887 | 9,864,813 |
First Horizon Corp. | 862,304 | 13,969,325 |
FNB Corp. | 501,470 | 5,932,390 |
Fulton Financial Corp. | 252,184 | 3,896,243 |
Glacier Bancorp, Inc. | 148,303 | 8,038,023 |
Hancock Whitney Corp. | 134,311 | 5,070,240 |
Home Bancshares, Inc. | 236,182 | 5,772,288 |
International Bancshares Corp. | 86,546 | 3,771,675 |
PacWest Bancorp | 181,515 | 6,578,104 |
Pinnacle Financial Partners, Inc. | 117,892 | 9,569,294 |
Prosperity Bancshares, Inc. | 143,864 | 10,569,688 |
Signature Bank | 88,702 | 19,367,195 |
Sterling Bancorp | 302,094 | 6,594,712 |
Synovus Financial Corp. | 229,734 | 9,720,045 |
TCF Financial Corp. | 237,010 | 10,622,788 |
Texas Capital Bancshares, Inc.(a) | 78,428 | 5,976,214 |
Trustmark Corp. | 98,580 | 2,973,173 |
UMB Financial Corp. | 67,189 | 5,668,736 |
Umpqua Holdings Corp. | 342,295 | 5,842,976 |
United Bankshares, Inc. | 201,688 | 7,452,372 |
Valley National Bancorp | 627,742 | 7,689,839 |
Webster Financial Corp. | 140,199 | 7,754,407 |
Wintrust Financial Corp. | 89,583 | 6,598,684 |
Total | 250,211,219 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Capital Markets 2.6% | ||
Affiliated Managers Group, Inc. | 70,504 | 9,868,445 |
Eaton Vance Corp. | 177,496 | 12,969,633 |
Evercore, Inc., Class A | 63,154 | 7,563,954 |
Factset Research Systems, Inc. | 59,051 | 17,946,189 |
Federated Hermes, Inc., Class B | 146,711 | 3,920,118 |
Interactive Brokers Group, Inc., Class A | 125,560 | 9,089,288 |
Janus Henderson Group PLC | 266,755 | 7,797,249 |
SEI Investments Co. | 186,505 | 10,444,280 |
Stifel Financial Corp. | 160,099 | 9,778,847 |
Total | 89,378,003 | |
Consumer Finance 0.8% | ||
FirstCash, Inc. | 64,412 | 4,078,568 |
LendingTree, Inc.(a) | 16,930 | 4,551,969 |
Navient Corp. | 289,534 | 3,584,431 |
PROG Holdings, Inc. | 105,003 | 5,250,150 |
SLM Corp. | 583,230 | 9,209,202 |
Total | 26,674,320 | |
Diversified Financial Services 0.3% | ||
Jefferies Financial Group, Inc. | 321,587 | 9,338,886 |
Insurance 4.1% | ||
Alleghany Corp. | 22,245 | 14,379,835 |
American Financial Group, Inc. | 109,335 | 11,666,044 |
Brighthouse Financial, Inc.(a) | 139,116 | 5,549,337 |
Brown & Brown, Inc. | 366,454 | 16,820,239 |
CNO Financial Group, Inc. | 216,024 | 5,197,537 |
First American Financial Corp. | 173,529 | 9,117,214 |
Genworth Financial, Inc., Class A(a) | 786,490 | 2,453,849 |
Hanover Insurance Group, Inc. (The) | 57,901 | 6,678,880 |
Kemper Corp. | 95,563 | 7,226,474 |
Kinsale Capital Group, Inc. | 33,132 | 5,833,220 |
Mercury General Corp. | 41,300 | 2,411,920 |
Old Republic International Corp. | 439,521 | 8,495,941 |
Primerica, Inc. | 61,088 | 8,627,458 |
Reinsurance Group of America, Inc. | 105,594 | 12,906,755 |
RenaissanceRe Holdings Ltd. | 78,974 | 13,187,079 |
10 | Columbia Mid Cap Index Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
RLI Corp. | 61,625 | 6,429,953 |
Selective Insurance Group, Inc. | 93,001 | 6,308,258 |
Total | 143,289,993 | |
Thrifts & Mortgage Finance 0.8% | ||
Essent Group Ltd. | 174,738 | 7,204,447 |
MGIC Investment Corp. | 526,244 | 6,409,652 |
New York Community Bancorp, Inc. | 721,043 | 8,803,935 |
Washington Federal, Inc. | 117,840 | 3,561,125 |
Total | 25,979,159 | |
Total Financials | 544,871,580 | |
Health Care 11.0% | ||
Biotechnology 1.6% | ||
Arrowhead Pharmaceuticals, Inc.(a) | 159,715 | 12,722,897 |
Emergent BioSolutions, Inc.(a) | 70,020 | 6,721,920 |
Exelixis, Inc.(a) | 482,211 | 10,444,690 |
Halozyme Therapeutics, Inc.(a) | 197,507 | 8,937,192 |
Ligand Pharmaceuticals, Inc.(a) | 24,995 | 3,704,759 |
United Therapeutics Corp.(a) | 69,074 | 11,547,791 |
Total | 54,079,249 | |
Health Care Equipment & Supplies 3.4% | ||
Avanos Medical, Inc.(a) | 74,347 | 3,418,475 |
Cantel Medical Corp.(a) | 58,438 | 4,340,775 |
Globus Medical, Inc., Class A(a) | 118,503 | 7,406,438 |
Haemonetics Corp.(a) | 78,922 | 9,983,633 |
Hill-Rom Holdings, Inc. | 103,847 | 11,077,360 |
ICU Medical, Inc.(a) | 30,328 | 6,293,060 |
Integra LifeSciences Holdings Corp.(a) | 110,027 | 7,519,245 |
LivaNova PLC(a) | 75,532 | 5,856,751 |
Masimo Corp.(a) | 78,726 | 19,738,970 |
Neogen Corp.(a) | 82,441 | 6,753,567 |
NuVasive, Inc.(a) | 79,710 | 4,808,904 |
Penumbra, Inc.(a) | 52,487 | 14,928,877 |
Quidel Corp.(a) | 59,501 | 9,773,634 |
STAAR Surgical Co.(a) | 71,669 | 7,454,293 |
Total | 119,353,982 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Providers & Services 2.8% | ||
Acadia Healthcare Co., Inc.(a) | 138,318 | 7,640,686 |
Amedisys, Inc.(a) | 50,998 | 12,935,133 |
Chemed Corp. | 24,794 | 11,038,537 |
Encompass Health Corp. | 154,547 | 12,431,761 |
HealthEquity, Inc.(a) | 127,241 | 10,478,296 |
LHC Group, Inc.(a) | 49,103 | 8,922,506 |
Molina Healthcare, Inc.(a) | 92,170 | 19,978,769 |
Patterson Companies, Inc. | 134,996 | 4,192,976 |
Tenet Healthcare Corp.(a) | 164,004 | 8,367,484 |
Total | 95,986,148 | |
Life Sciences Tools & Services 2.6% | ||
Bio-Techne Corp. | 60,010 | 21,705,017 |
Charles River Laboratories International, Inc.(a) | 77,315 | 22,122,914 |
Medpace Holdings, Inc.(a) | 42,812 | 6,953,953 |
Pra Health Sciences, Inc.(a) | 99,708 | 14,697,956 |
Repligen Corp.(a) | 78,229 | 16,615,057 |
Syneos Health, Inc.(a) | 117,999 | 9,127,223 |
Total | 91,222,120 | |
Pharmaceuticals 0.6% | ||
Jazz Pharmaceuticals PLC(a) | 86,596 | 14,551,592 |
Nektar Therapeutics(a) | 278,839 | 6,326,857 |
Total | 20,878,449 | |
Total Health Care | 381,519,948 | |
Industrials 17.7% | ||
Aerospace & Defense 1.0% | ||
Axon Enterprise, Inc.(a) | 98,775 | 16,346,275 |
Curtiss-Wright Corp. | 64,506 | 7,127,268 |
Hexcel Corp.(a) | 129,840 | 6,980,198 |
Mercury Systems, Inc.(a) | 87,047 | 5,689,392 |
Total | 36,143,133 | |
Air Freight & Logistics 0.5% | ||
XPO Logistics, Inc.(a) | 142,087 | 16,567,344 |
Airlines 0.3% | ||
JetBlue Airways Corp.(a) | 488,762 | 9,007,884 |
Building Products 1.9% | ||
Builders FirstSource, Inc.(a) | 318,834 | 13,794,353 |
Lennox International, Inc. | 54,156 | 15,151,224 |
Columbia Mid Cap Index Fund | Annual Report 2021 | 11 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Owens Corning | 168,226 | 13,629,670 |
Simpson Manufacturing Co., Inc. | 67,489 | 6,577,478 |
Trex Company, Inc.(a) | 179,967 | 16,492,176 |
Total | 65,644,901 | |
Commercial Services & Supplies 1.9% | ||
Brink’s Co. (The) | 76,833 | 5,903,079 |
Clean Harbors, Inc.(a) | 78,999 | 6,726,765 |
Healthcare Services Group, Inc. | 115,677 | 3,291,011 |
Herman Miller, Inc. | 91,550 | 3,511,400 |
IAA, Inc.(a) | 208,998 | 12,253,553 |
KAR Auction Services, Inc. | 200,896 | 2,794,463 |
MSA Safety, Inc. | 56,306 | 9,064,703 |
Stericycle, Inc.(a) | 142,299 | 9,230,936 |
Tetra Tech, Inc. | 83,585 | 11,565,657 |
Total | 64,341,567 | |
Construction & Engineering 1.3% | ||
AECOM(a) | 234,332 | 13,565,479 |
Dycom Industries, Inc.(a) | 49,602 | 3,798,521 |
EMCOR Group, Inc. | 85,379 | 8,313,353 |
Fluor Corp. | 194,524 | 3,338,032 |
MasTec, Inc.(a) | 87,256 | 7,569,458 |
Valmont Industries, Inc. | 33,033 | 7,813,296 |
Total | 44,398,139 | |
Electrical Equipment 2.6% | ||
Acuity Brands, Inc. | 57,254 | 7,059,418 |
EnerSys | 66,177 | 5,974,460 |
Generac Holdings, Inc.(a) | 97,673 | 32,189,114 |
Hubbell, Inc. | 84,299 | 14,963,915 |
nVent Electric PLC | 264,413 | 6,943,485 |
Regal Beloit Corp. | 63,097 | 8,623,467 |
Sunrun, Inc.(a) | 242,546 | 15,178,529 |
Total | 90,932,388 | |
Industrial Conglomerates 0.4% | ||
Carlisle Companies, Inc. | 82,967 | 12,050,957 |
Machinery 4.8% | ||
AGCO Corp. | 95,462 | 12,360,420 |
Colfax Corp.(a) | 156,500 | 6,940,775 |
Crane Co. | 76,769 | 6,437,848 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Donaldson Co., Inc. | 196,214 | 11,558,967 |
Graco, Inc. | 260,408 | 18,059,295 |
ITT, Inc. | 134,291 | 11,143,467 |
Kennametal, Inc. | 129,435 | 4,835,692 |
Lincoln Electric Holdings, Inc. | 92,435 | 10,917,498 |
Middleby Corp. (The)(a) | 86,437 | 12,655,241 |
Nordson Corp. | 83,889 | 16,141,082 |
Oshkosh Corp. | 105,987 | 11,234,622 |
Terex Corp. | 107,713 | 4,435,621 |
Timken Co. (The) | 105,413 | 8,259,109 |
Toro Co. (The) | 166,771 | 16,805,514 |
Trinity Industries, Inc. | 131,307 | 4,214,955 |
Woodward, Inc. | 90,765 | 10,367,178 |
Total | 166,367,284 | |
Marine 0.2% | ||
Kirby Corp.(a) | 93,318 | 5,837,974 |
Professional Services 1.1% | ||
ASGN, Inc.(a) | 82,222 | 7,644,179 |
CoreLogic, Inc. | 120,891 | 10,234,632 |
FTI Consulting, Inc.(a) | 55,429 | 6,349,392 |
Insperity, Inc. | 55,440 | 4,917,528 |
ManpowerGroup, Inc. | 89,423 | 8,445,108 |
Total | 37,590,839 | |
Road & Rail 0.9% | ||
Avis Budget Group, Inc.(a) | 80,148 | 4,452,221 |
Knight-Swift Transportation Holdings, Inc. | 195,337 | 8,438,558 |
Landstar System, Inc. | 59,660 | 9,553,952 |
Ryder System, Inc. | 83,759 | 5,676,348 |
Werner Enterprises, Inc. | 90,215 | 3,872,028 |
Total | 31,993,107 | |
Trading Companies & Distributors 0.8% | ||
GATX Corp. | 54,400 | 5,191,392 |
MSC Industrial Direct Co., Inc., Class A | 71,129 | 6,126,341 |
Univar, Inc.(a) | 262,831 | 5,232,965 |
Watsco, Inc. | 51,017 | 12,402,233 |
Total | 28,952,931 | |
Total Industrials | 609,828,448 |
12 | Columbia Mid Cap Index Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Information Technology 14.5% | ||
Communications Equipment 1.0% | ||
Ciena Corp.(a) | 239,859 | 12,513,444 |
InterDigital, Inc. | 47,883 | 3,034,346 |
Lumentum Holdings, Inc.(a) | 117,349 | 10,561,410 |
Netscout Systems, Inc.(a) | 114,359 | 3,227,211 |
Viasat, Inc.(a) | 99,718 | 5,099,578 |
Total | 34,435,989 | |
Electronic Equipment, Instruments & Components 3.0% | ||
Arrow Electronics, Inc.(a) | 117,419 | 11,772,429 |
Avnet, Inc. | 153,609 | 5,847,894 |
Belden, Inc. | 69,337 | 3,065,389 |
Cognex Corp. | 271,431 | 22,417,486 |
Coherent, Inc.(a) | 37,985 | 9,190,091 |
II-VI, Inc.(a) | 161,221 | 13,590,930 |
Jabil, Inc. | 209,200 | 9,031,164 |
Littelfuse, Inc. | 37,886 | 9,858,695 |
National Instruments Corp. | 203,995 | 9,057,378 |
SYNNEX Corp. | 64,092 | 5,714,443 |
Vishay Intertechnology, Inc. | 206,039 | 4,918,151 |
Total | 104,464,050 | |
IT Services 2.3% | ||
Alliance Data Systems Corp. | 74,176 | 7,157,984 |
CACI International, Inc., Class A(a) | 39,198 | 8,676,085 |
Concentrix Corp.(a) | 64,031 | 7,908,469 |
KBR, Inc. | 221,529 | 6,867,399 |
LiveRamp Holdings, Inc.(a) | 103,070 | 6,509,901 |
MAXIMUS, Inc. | 95,516 | 7,763,540 |
Perspecta, Inc. | 212,658 | 6,209,614 |
Sabre Corp. | 493,129 | 7,244,065 |
Science Applications International Corp. | 90,497 | 7,794,507 |
WEX, Inc.(a) | 68,591 | 14,290,935 |
Total | 80,422,499 | |
Semiconductors & Semiconductor Equipment 4.0% | ||
Amkor Technology, Inc. | 165,806 | 3,961,105 |
Brooks Automation, Inc. | 114,757 | 9,543,192 |
Cirrus Logic, Inc.(a) | 90,095 | 7,367,969 |
CMC Materials, Inc. | 45,202 | 7,706,941 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Cree, Inc.(a) | 171,501 | 19,458,503 |
First Solar, Inc.(a) | 131,774 | 10,676,329 |
MKS Instruments, Inc. | 85,699 | 14,131,765 |
Semtech Corp.(a) | 101,034 | 7,406,803 |
Silicon Laboratories, Inc.(a) | 68,120 | 10,609,009 |
SolarEdge Technologies, Inc.(a) | 79,597 | 23,744,581 |
Synaptics, Inc.(a) | 53,651 | 7,190,844 |
Universal Display Corp. | 66,624 | 14,103,635 |
Total | 135,900,676 | |
Software 4.0% | ||
ACI Worldwide, Inc.(a) | 181,483 | 6,943,540 |
Blackbaud, Inc. | 77,043 | 5,302,099 |
CDK Global, Inc. | 189,145 | 9,483,730 |
Ceridian HCM Holding, Inc.(a) | 202,162 | 18,125,845 |
CommVault Systems, Inc.(a) | 73,254 | 4,668,477 |
Fair Isaac Corp.(a) | 45,227 | 20,693,614 |
j2 Global, Inc.(a) | 66,612 | 7,419,245 |
Manhattan Associates, Inc.(a) | 98,738 | 12,139,837 |
Paylocity Holding Corp.(a) | 58,177 | 11,122,861 |
PTC, Inc.(a) | 163,196 | 22,348,060 |
Qualys, Inc.(a) | 52,154 | 5,067,283 |
SailPoint Technologies Holdings, Inc.(a) | 141,304 | 7,966,720 |
Teradata Corp.(a) | 169,884 | 6,812,348 |
Total | 138,093,659 | |
Technology Hardware, Storage & Peripherals 0.2% | ||
NCR Corp.(a) | 200,349 | 6,964,131 |
Total Information Technology | 500,281,004 | |
Materials 5.8% | ||
Chemicals 2.5% | ||
Ashland Global Holdings, Inc. | 84,742 | 7,128,497 |
Avient Corp. | 142,181 | 6,145,063 |
Cabot Corp. | 87,973 | 4,330,911 |
Chemours Co. LLC (The) | 255,675 | 6,016,033 |
Ingevity Corp.(a) | 64,160 | 4,457,837 |
Minerals Technologies, Inc. | 52,837 | 3,763,579 |
NewMarket Corp. | 11,373 | 4,310,139 |
Olin Corp. | 220,828 | 6,832,418 |
RPM International, Inc. | 201,960 | 16,084,094 |
Columbia Mid Cap Index Fund | Annual Report 2021 | 13 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Scotts Miracle-Gro Co. (The), Class A | 63,245 | 13,480,672 |
Sensient Technologies Corp. | 65,835 | 5,125,255 |
Valvoline, Inc. | 287,956 | 7,187,382 |
Total | 84,861,880 | |
Construction Materials 0.2% | ||
Eagle Materials, Inc. | 64,997 | 8,149,324 |
Containers & Packaging 0.9% | ||
AptarGroup, Inc. | 100,597 | 13,084,652 |
Greif, Inc., Class A | 41,099 | 1,985,082 |
O-I Glass, Inc. | 244,282 | 2,853,214 |
Silgan Holdings, Inc. | 122,038 | 4,583,747 |
Sonoco Products Co. | 156,078 | 9,297,566 |
Total | 31,804,261 | |
Metals & Mining 1.9% | ||
Cleveland-Cliffs, Inc. | 714,398 | 9,530,069 |
Commercial Metals Co. | 186,621 | 4,693,518 |
Compass Minerals International, Inc. | 52,776 | 3,329,638 |
Reliance Steel & Aluminum Co. | 99,096 | 13,100,491 |
Royal Gold, Inc. | 101,969 | 10,575,205 |
Steel Dynamics, Inc. | 310,624 | 12,915,746 |
United States Steel Corp. | 407,853 | 6,774,439 |
Worthington Industries, Inc. | 55,781 | 3,563,848 |
Total | 64,482,954 | |
Paper & Forest Products 0.3% | ||
Domtar Corp. | 85,789 | 3,178,483 |
Louisiana-Pacific Corp. | 169,922 | 8,089,986 |
Total | 11,268,469 | |
Total Materials | 200,566,888 | |
Real Estate 8.8% | ||
Equity Real Estate Investment Trusts (REITS) 8.4% | ||
American Campus Communities, Inc. | 213,921 | 8,762,204 |
Apartment Income REIT Corp. | 231,380 | 9,458,814 |
Brixmor Property Group, Inc. | 460,820 | 9,068,938 |
Camden Property Trust | 151,382 | 15,766,435 |
Coresite Realty Corp. | 66,473 | 8,090,429 |
Corporate Office Properties Trust | 174,353 | 4,533,178 |
Cousins Properties, Inc. | 230,912 | 7,744,789 |
CyrusOne, Inc. | 187,173 | 12,284,164 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Douglas Emmett, Inc. | 256,229 | 8,391,500 |
EastGroup Properties, Inc. | 61,483 | 8,368,451 |
EPR Properties | 115,974 | 5,239,705 |
First Industrial Realty Trust, Inc. | 200,582 | 8,566,857 |
Healthcare Realty Trust, Inc. | 211,468 | 6,102,966 |
Highwoods Properties, Inc. | 161,504 | 6,453,700 |
Hudson Pacific Properties, Inc. | 236,478 | 6,051,472 |
JBG SMITH Properties | 172,947 | 5,491,067 |
Kilroy Realty Corp. | 163,012 | 10,344,742 |
Lamar Advertising Co., Class A | 134,335 | 11,632,068 |
Life Storage, Inc. | 113,301 | 9,505,954 |
Macerich Co. (The) | 174,243 | 2,251,220 |
Medical Properties Trust, Inc. | 882,835 | 19,060,408 |
National Retail Properties, Inc. | 270,024 | 11,837,852 |
Omega Healthcare Investors, Inc. | 352,831 | 13,104,143 |
Park Hotels & Resorts, Inc. | 366,212 | 7,965,111 |
Pebblebrook Hotel Trust | 203,484 | 4,610,947 |
Physicians Realty Trust | 323,651 | 5,502,067 |
PotlatchDeltic Corp. | 103,940 | 5,274,955 |
PS Business Parks, Inc. | 31,190 | 4,518,183 |
Rayonier, Inc. | 212,189 | 6,925,849 |
Rexford Industrial Realty, Inc. | 202,876 | 9,681,243 |
Sabra Health Care REIT, Inc. | 321,627 | 5,538,417 |
Service Properties Trust | 256,185 | 3,289,415 |
Spirit Realty Capital, Inc. | 177,580 | 7,639,492 |
STORE Capital Corp. | 367,334 | 12,283,649 |
Urban Edge Properties | 170,504 | 2,813,316 |
Weingarten Realty Investors | 187,222 | 4,753,567 |
Total | 288,907,267 | |
Real Estate Management & Development 0.4% | ||
Jones Lang LaSalle, Inc.(a) | 79,740 | 13,873,165 |
Total Real Estate | 302,780,432 |
14 | Columbia Mid Cap Index Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Utilities 3.1% | ||
Electric Utilities 0.9% | ||
Allete, Inc. | 80,784 | 5,019,110 |
Hawaiian Electric Industries, Inc. | 169,699 | 5,932,677 |
IDACORP, Inc. | 78,433 | 6,764,062 |
OGE Energy Corp. | 310,890 | 9,099,750 |
PNM Resources, Inc. | 123,806 | 5,943,926 |
Total | 32,759,525 | |
Gas Utilities 1.2% | ||
National Fuel Gas Co. | 141,388 | 6,424,671 |
New Jersey Resources Corp. | 149,419 | 5,870,672 |
ONE Gas, Inc. | 82,528 | 5,526,900 |
Southwest Gas Holdings, Inc. | 88,331 | 5,507,438 |
Spire, Inc. | 80,230 | 5,328,877 |
UGI Corp. | 323,948 | 12,410,448 |
Total | 41,069,006 | |
Multi-Utilities 0.6% | ||
Black Hills Corp. | 97,527 | 5,769,697 |
MDU Resources Group, Inc. | 311,670 | 8,757,927 |
NorthWestern Corp. | 78,619 | 4,597,639 |
Total | 19,125,263 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Water Utilities 0.4% | ||
Essential Utilities, Inc. | 346,915 | 14,591,245 |
Total Utilities | 107,545,039 | |
Total Common Stocks (Cost $1,957,339,525) | 3,414,444,608 | |
Money Market Funds 1.2% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.086%(b),(c) | 42,613,226 | 42,608,964 |
Total Money Market Funds (Cost $42,608,957) | 42,608,964 | |
Total Investments in Securities (Cost: $1,999,948,482) | 3,457,053,572 | |
Other Assets & Liabilities, Net | (4,465,208) | |
Net Assets | 3,452,588,364 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
S&P Mid 400 Index E-mini | 12 | 03/2021 | USD | 2,993,640 | 315,200 | — |
S&P Mid 400 Index E-mini | 165 | 03/2021 | USD | 41,162,550 | — | (560,206) |
Total | 315,200 | (560,206) |
Columbia Mid Cap Index Fund | Annual Report 2021 | 15 |
February 28, 2021
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at February 28, 2021. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended February 28, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.086% | ||||||||
20,517,021 | 803,996,568 | (781,903,938) | (687) | 42,608,964 | 7,204 | 69,721 | 42,613,226 |
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 | 66,023,649 | — | — | 66,023,649 |
Consumer Discretionary | 537,800,432 | — | — | 537,800,432 |
Consumer Staples | 120,650,511 | — | — | 120,650,511 |
16 | Columbia Mid Cap Index Fund | Annual Report 2021 |
February 28, 2021
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Energy | 42,576,677 | — | — | 42,576,677 |
Financials | 544,871,580 | — | — | 544,871,580 |
Health Care | 381,519,948 | — | — | 381,519,948 |
Industrials | 609,828,448 | — | — | 609,828,448 |
Information Technology | 500,281,004 | — | — | 500,281,004 |
Materials | 200,566,888 | — | — | 200,566,888 |
Real Estate | 302,780,432 | — | — | 302,780,432 |
Utilities | 107,545,039 | — | — | 107,545,039 |
Total Common Stocks | 3,414,444,608 | — | — | 3,414,444,608 |
Money Market Funds | 42,608,964 | — | — | 42,608,964 |
Total Investments in Securities | 3,457,053,572 | — | — | 3,457,053,572 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 315,200 | — | — | 315,200 |
Liability | ||||
Futures Contracts | (560,206) | — | — | (560,206) |
Total | 3,456,808,566 | — | — | 3,456,808,566 |
Columbia Mid Cap Index Fund | Annual Report 2021 | 17 |
February 28, 2021
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,957,339,525) | $3,414,444,608 |
Affiliated issuers (cost $42,608,957) | 42,608,964 |
Margin deposits on: | |
Futures contracts | 4,779,000 |
Receivable for: | |
Capital shares sold | 2,505,962 |
Dividends | 2,582,812 |
Variation margin for futures contracts | 291 |
Expense reimbursement due from Investment Manager | 10,126 |
Prepaid expenses | 43,860 |
Total assets | 3,466,975,623 |
Liabilities | |
Payable for: | |
Investments purchased | 9,530,069 |
Capital shares purchased | 4,113,570 |
Variation margin for futures contracts | 40,200 |
Management services fees | 18,943 |
Distribution and/or service fees | 6,192 |
Transfer agent fees | 330,330 |
Compensation of board members | 270,217 |
Compensation of chief compliance officer | 24 |
Other expenses | 77,714 |
Total liabilities | 14,387,259 |
Net assets applicable to outstanding capital stock | $3,452,588,364 |
Represented by | |
Paid in capital | 1,838,611,391 |
Total distributable earnings (loss) | 1,613,976,973 |
Total - representing net assets applicable to outstanding capital stock | $3,452,588,364 |
Class A | |
Net assets | $902,340,839 |
Shares outstanding | 50,913,564 |
Net asset value per share | $17.72 |
Institutional Class | |
Net assets | $1,642,258,874 |
Shares outstanding | 93,165,271 |
Net asset value per share | $17.63 |
Institutional 2 Class | |
Net assets | $843,248,846 |
Shares outstanding | 46,645,398 |
Net asset value per share | $18.08 |
Institutional 3 Class | |
Net assets | $64,739,805 |
Shares outstanding | 3,752,912 |
Net asset value per share | $17.25 |
18 | Columbia Mid Cap Index Fund | Annual Report 2021 |
Year Ended February 28, 2021
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $44,010,072 |
Dividends — affiliated issuers | 69,721 |
Total income | 44,079,793 |
Expenses: | |
Management services fees | 6,055,023 |
Distribution and/or service fees | |
Class A | 2,159,132 |
Transfer agent fees | |
Class A | 1,024,325 |
Institutional Class | 1,704,630 |
Institutional 2 Class | 408,905 |
Institutional 3 Class | 5,115 |
Compensation of board members | 90,902 |
Custodian fees | 48,473 |
Printing and postage fees | 113,458 |
Registration fees | 93,822 |
Licensing fees and expenses | 28,929 |
Audit fees | 32,250 |
Legal fees | 37,423 |
Interest on interfund lending | 1,862 |
Compensation of chief compliance officer | 674 |
Other | 93,476 |
Total expenses | 11,898,399 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (3,633,370) |
Expense reduction | (100) |
Total net expenses | 8,264,929 |
Net investment income | 35,814,864 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 331,543,292 |
Investments — affiliated issuers | 7,204 |
Futures contracts | 8,317,026 |
Net realized gain | 339,867,522 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 651,926,000 |
Investments — affiliated issuers | (687) |
Futures contracts | 3,257,238 |
Net change in unrealized appreciation (depreciation) | 655,182,551 |
Net realized and unrealized gain | 995,050,073 |
Net increase in net assets resulting from operations | $1,030,864,937 |
Columbia Mid Cap Index Fund | Annual Report 2021 | 19 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $35,814,864 | $52,392,791 |
Net realized gain | 339,867,522 | 264,578,534 |
Net change in unrealized appreciation (depreciation) | 655,182,551 | (410,366,263) |
Net increase (decrease) in net assets resulting from operations | 1,030,864,937 | (93,394,938) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (88,045,504) | (67,586,479) |
Institutional Class | (151,169,164) | (107,030,985) |
Institutional 2 Class | (70,141,704) | (42,569,287) |
Institutional 3 Class | (4,906,518) | (1,743,771) |
Total distributions to shareholders | (314,262,890) | (218,930,522) |
Decrease in net assets from capital stock activity | (531,088,162) | (574,554,776) |
Total increase (decrease) in net assets | 185,513,885 | (886,880,236) |
Net assets at beginning of year | 3,267,074,479 | 4,153,954,715 |
Net assets at end of year | $3,452,588,364 | $3,267,074,479 |
20 | Columbia Mid Cap Index Fund | Annual Report 2021 |
Year Ended | Year Ended | |||
February 28, 2021 | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 14,672,411 | 203,619,796 | 15,831,966 | 244,750,699 |
Distributions reinvested | 4,814,076 | 70,385,948 | 3,570,527 | 55,075,275 |
Redemptions | (38,633,224) | (554,500,739) | (36,684,751) | (571,517,309) |
Net decrease | (19,146,737) | (280,494,995) | (17,282,258) | (271,691,335) |
Institutional Class | ||||
Subscriptions | 16,972,325 | 228,747,103 | 19,312,783 | 297,752,749 |
Distributions reinvested | 7,184,928 | 104,888,905 | 4,880,426 | 74,874,392 |
Redemptions | (43,827,331) | (604,187,359) | (39,946,568) | (620,682,586) |
Net decrease | (19,670,078) | (270,551,351) | (15,753,359) | (248,055,445) |
Institutional 2 Class | ||||
Subscriptions | 20,680,339 | 302,766,208 | 15,811,518 | 250,291,819 |
Distributions reinvested | 3,701,848 | 55,785,031 | 2,198,835 | 34,502,941 |
Redemptions | (24,052,108) | (352,694,991) | (22,457,159) | (356,427,513) |
Net increase (decrease) | 330,079 | 5,856,248 | (4,446,806) | (71,632,753) |
Institutional 3 Class | ||||
Subscriptions | 1,843,887 | 25,848,897 | 1,603,685 | 24,643,173 |
Distributions reinvested | 263,153 | 3,809,292 | 107,820 | 1,623,506 |
Redemptions | (1,100,104) | (15,556,253) | (624,153) | (9,441,922) |
Net increase | 1,006,936 | 14,101,936 | 1,087,352 | 16,824,757 |
Total net decrease | (37,479,800) | (531,088,162) | (36,395,071) | (574,554,776) |
Columbia Mid Cap Index Fund | Annual Report 2021 | 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 | |||||||
Year Ended 2/28/2021 | $14.07 | 0.14 | 5.02 | 5.16 | (0.16) | (1.35) | (1.51) |
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) |
Institutional Class | |||||||
Year Ended 2/28/2021 | $14.00 | 0.18 | 4.99 | 5.17 | (0.19) | (1.35) | (1.54) |
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) |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $14.32 | 0.18 | 5.12 | 5.30 | (0.19) | (1.35) | (1.54) |
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) |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $13.73 | 0.17 | 4.89 | 5.06 | (0.19) | (1.35) | (1.54) |
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(e) | $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) | Ratios include interfund lending expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
22 | Columbia Mid Cap Index Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $17.72 | 39.13% | 0.58%(c) | 0.45%(c),(d) | 1.01% | 14% | $902,341 |
Year Ended 2/29/2020 | $14.07 | (3.88%) | 0.58%(c) | 0.45%(c),(d) | 1.16% | 14% | $986,055 |
Year Ended 2/28/2019 | $15.47 | 3.66% | 0.58% | 0.45%(d) | 1.08% | 17% | $1,351,153 |
Year Ended 2/28/2018 | $16.25 | 8.99% | 0.58% | 0.45%(d) | 1.05% | 23% | $1,543,057 |
Year Ended 2/28/2017 | $16.05 | 31.10% | 0.61% | 0.45%(d) | 1.07% | 18% | $1,602,086 |
Institutional Class | |||||||
Year Ended 2/28/2021 | $17.63 | 39.49% | 0.34%(c) | 0.20%(c),(d) | 1.25% | 14% | $1,642,259 |
Year Ended 2/29/2020 | $14.00 | (3.59%) | 0.33%(c) | 0.20%(c),(d) | 1.40% | 14% | $1,579,863 |
Year Ended 2/28/2019 | $15.39 | 3.89% | 0.33% | 0.20%(d) | 1.33% | 17% | $1,979,350 |
Year Ended 2/28/2018 | $16.18 | 9.22% | 0.33% | 0.20%(d) | 1.30% | 23% | $2,229,366 |
Year Ended 2/28/2017 | $15.99 | 31.45% | 0.37% | 0.20%(d) | 1.32% | 18% | $2,108,834 |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $18.08 | 39.52% | 0.28%(c) | 0.20%(c) | 1.24% | 14% | $843,249 |
Year Ended 2/29/2020 | $14.32 | (3.65%) | 0.28%(c) | 0.20%(c) | 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 |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $17.25 | 39.46% | 0.23%(c) | 0.20%(c) | 1.23% | 14% | $64,740 |
Year Ended 2/29/2020 | $13.73 | (3.59%) | 0.23%(c) | 0.20%(c) | 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(e) | $15.91 | 7.47% | 0.22% | 0.20% | 1.33% | 23% | $8,094 |
Columbia Mid Cap Index Fund | Annual Report 2021 | 23 |
February 28, 2021
24 | Columbia Mid Cap Index Fund | Annual Report 2021 |
February 28, 2021
Columbia Mid Cap Index Fund | Annual Report 2021 | 25 |
February 28, 2021
26 | Columbia Mid Cap Index Fund | Annual Report 2021 |
February 28, 2021
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 315,200* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 560,206* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 8,317,026 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 3,257,238 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 48,576,558 |
* | Based on the ending quarterly outstanding amounts for the year ended February 28, 2021. |
Columbia Mid Cap Index Fund | Annual Report 2021 | 27 |
February 28, 2021
28 | Columbia Mid Cap Index Fund | Annual Report 2021 |
February 28, 2021
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 | Annual Report 2021 | 29 |
February 28, 2021
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 |
Undistributed net investment income ($) | Accumulated net realized gain ($) | Paid in capital ($) |
(440,507) | (25,246,378) | 25,686,885 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | ||||
Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
42,504,690 | 271,758,200 | 314,262,890 | 51,928,314 | 167,002,208 | 218,930,522 |
30 | Columbia Mid Cap Index Fund | Annual Report 2021 |
February 28, 2021
Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
39,828,925 | 126,970,634 | — | 1,447,442,186 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
2,009,366,380 | 1,535,976,967 | (88,534,781) | 1,447,442,186 |
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 10,275,000 | 0.77 | 8 |
Columbia Mid Cap Index Fund | Annual Report 2021 | 31 |
February 28, 2021
32 | Columbia Mid Cap Index Fund | Annual Report 2021 |
February 28, 2021
Columbia Mid Cap Index Fund | Annual Report 2021 | 33 |
February 28, 2021
34 | Columbia Mid Cap Index Fund | Annual Report 2021 |
Columbia Mid Cap Index Fund | Annual Report 2021 | 35 |
Qualified dividend income | Dividends received deduction | Section 199A dividends | Capital gain dividend |
50.57% | 50.05% | 9.59% | $310,045,467 |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
George S. Batejan c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1953 | Trustee since 2017 | Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 | 172 | Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018 |
36 | Columbia Mid Cap Index Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Kathleen Blatz c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2006 | Attorney; specializing in arbitration and mediation; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member and Interim Chair, Minnesota Sports Facilities Authority, January 2017-July 2017; Interim President and Chief Executive Officer, Blue Cross and Blue Shield of Minnesota (health care insurance), February-July 2018 | 172 | Trustee, BlueCross BlueShield of Minnesota since 2009 (Chair of the Business Development Committee - 2014-2017; Chair of the Governance Committee, 2017-2019); former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017-July 2017; Director, Robina Foundation, 2009-2020 (Chair, 2014-2020) |
Pamela G. Carlton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2007 | President, Springboard — Partners in Cross Cultural Leadership (consulting company) since 2003; Managing Director of US Equity Research, JP Morgan Chase, 1999-2003; Director of US Equity Research, Chase Asset Management, 1996-1999; Co-Director Latin America Research, 1993-1996, COO Global Research, 1992-1996, Co-Director of US Research, 1991-1992, Investment Banker, 1982-1991, Morgan Stanley; Attorney at Cleary Gottlieb Steen & Hamilton LLP, 1980-1982 | 172 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of People Committee) since 1996; Director, DR Bank (Audit Committee) since 2017; Director, Evercore Inc. (Audit Committee, Nominating and Governance Committee) since 2019 |
Janet Langford Carrig c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1957 | Trustee since 1996 | Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (independent energy company), September 2007-October 2018 | 170 | Director, EQT Corporation (natural gas producer) since 2019; Director, Whiting Petroleum Corporation (independent oil and gas company) since 2020 |
J. Kevin Connaughton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2020(a) | Member, FINRA National Adjudicatory Council since January 2020; Adjunct Professor of Finance, Bentley University since January 2018; Managing Director and General Manager of Mutual Fund Products, Columbia Management Investment Advisers, LLC, May 2010-February 2015; President, Columbia Funds, 2008-2015; and senior officer of Columbia Funds and affiliated funds, 2003-2015 | 170 | Director, The Autism Project since March 2015; former Member of the Investment Committee, St. Michael’s College, November 2015-February 2020; former Trustee, St. Michael’s College, June 2017-September 2019; former Trustee, New Century Portfolios, January 2015-December 2017 |
Olive M. Darragh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1962 | Trustee since 2020(a) | Managing Director of Darragh Inc. (strategy and talent management consulting firm) since 2010; Founder and CEO, Zolio, Inc. (investment management talent identification platform) since 2004; Partner, Tudor Investments, 2004-2010; Senior Partner, McKinsey & Company (consulting), 2001-2004 | 170 | Former Director, University of Edinburgh Business School (Member of US Board); former Director, Boston Public Library Foundation |
Columbia Mid Cap Index Fund | Annual Report 2021 | 37 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Patricia M. Flynn c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1950 | Trustee since 2004 | Trustee Professor of Economics and Management, Bentley University since 1976 (also teaches and conducts research on corporate governance); Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 | 172 | Trustee, MA Taxpayers Foundation since 1997; Board of Governors, Innovation Institute, MA Technology Collaborative, 2010-2019; Board of Directors, The MA Business Roundtable, 2003-2019 |
Brian J. Gallagher c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2017 | Retired; Partner with Deloitte & Touche LLP and its predecessors, 1977-2016 | 172 | Trustee, Catholic Schools Foundation since 2004 |
Douglas A. Hacker c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1955 | Co-Chair since 2021; Chair of CFST I and CFVIT since 2014; Trustee of CFST I and CFVIT since 1996 and CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2021 | Independent business executive since May 2006; Executive Vice President – Strategy of United Airlines, December 2002 - May 2006; President of UAL Loyalty Services (airline marketing company), September 2001-December 2002; Executive Vice President and Chief Financial Officer of United Airlines, July 1999-September 2001 | 170 | Director, Spartan Nash Company (food distributor); Director, Aircastle Limited (Chair of Audit Committee) (aircraft leasing); former Director, Nash Finch Company (food distributor), 2005-2013; former Director, SeaCube Container Leasing Ltd. (container leasing), 2010-2013; and former Director, Travelport Worldwide Limited (travel information technology), 2014-2019 |
Nancy T. Lukitsh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1956 | Trustee since 2011 | Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser), 1997-2010; Chair, Wellington Management Portfolios (commingled non-U.S. investment pools), 2007 -2010; Director, Wellington Trust Company, NA and other Wellington affiliates, 1997-2010 | 170 | |
David M. Moffett c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Trustee since 2011 | Retired; Consultant to Bridgewater and Associates | 170 | Director, CSX Corporation (transportation suppliers); Director, Genworth Financial, Inc. (financial and insurance products and services); Director, PayPal Holdings Inc. (payment and data processing services); Trustee, University of Oklahoma Foundation; former Director, eBay Inc. (online trading community), 2007-2015; and former Director, CIT Bank, CIT Group Inc. (commercial and consumer finance), 2010-2016 |
38 | Columbia Mid Cap Index Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Catherine James Paglia c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Co-Chair since 2021; Chair of CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2020; Trustee of CFST, CFST II and CFVST II since 2004 and CFST I and CFVIT since 2021 | Director, Enterprise Asset Management, Inc. (private real estate and asset management company) since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989-1997; Vice President, 1982-1985, Principal, 1985-1987, Managing Director, 1987-1989, Morgan Stanley; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. | 172 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012; Trustee, Carleton College (on the Investment Committee); Trustee, Carnegie Endowment for International Peace (on the Investment Committee) |
Anthony M. Santomero c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1946 | Trustee since 2008 | Richard K. Mellon Professor Emeritus of Finance, The Wharton School, University of Pennsylvania, since 2002; Senior Advisor, McKinsey & Company (consulting), 2006-2008; President, Federal Reserve Bank of Philadelphia, 2000-2006; Professor of Finance, The Wharton School, University of Pennsylvania, 1972-2002 | 172 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, RenaissanceRe Holdings Ltd. since May 2008; former Director, Citigroup Inc. and Citibank, N.A., 2009-2019; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 |
Minor M. Shaw c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1947 | Trustee since 2003 | President, Micco LLC (private investments) since 2011; President, Micco Corp. (family investment business), 1998-2011 | 172 | Director, BlueCross BlueShield of South Carolina (Chair of Compensation Committee) since April 2008; Trustee, Hollingsworth Funds (on the Investment Committee) since 2016 (previously Board Chair from 2016-2019); Former Advisory Board member, Duke Energy Corp., 2016-2020; Chair of the Duke Endowment; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016; former Director, National Association of Corporate Directors, Carolinas Chapter, 2013-2018; Chair, Daniel-Mickel Foundation |
Columbia Mid Cap Index Fund | Annual Report 2021 | 39 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Natalie A. Trunow c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1967 | Trustee since 2020(a) | Chief Executive Officer, Millennial Portfolio Solutions LLC (asset management and consulting services) since January 2016; Non-executive Member of the Investment Committee, Sarona Asset Management Inc. (private equity firm) since September 2019; Advisor, Horizon Investments (asset management and consulting services) since August 2018; Advisor, Paradigm Asset Management since November 2016; Director of Investments, Casey Family Programs, April 2016-September 2016; Senior Vice President and Chief Investment Officer, Calvert Investments, August 2008 - January 2016; Section Head and Portfolio Manager, General Motors Asset Management, June 1997-August 2008 | 170 | Director, Health Services for Children with Special Needs, Inc.; Director, Consumer Credit Counseling Services (formerly Guidewell Financial Solutions); Independent Director, Investment Committee, Sarona Asset Management |
Sandra Yeager c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2017 | Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 | 172 | Director, NAPE Education Foundation, October 2016-October 2020 |
* | The term “Columbia Funds Complex” as used herein includes Columbia Seligman Premium Technology Growth Fund, Tri-Continental Corporation and each series of Columbia Fund Series Trust (CFST), Columbia Funds Series Trust I (CFST I), Columbia Funds Series Trust II (CFST II), Columbia ETF Trust I, Columbia ETF Trust II, Columbia Funds Variable Insurance Trust (CFVIT) and Columbia Funds Variable Series Trust II (CFVST II). Messrs. Batejan, Gallagher, Petersen and Santomero and Mses. Blatz, Carlton, Flynn, Paglia, Shaw and Yeager serve as a director of Columbia Seligman Premium Technology Growth Fund and Tri-Continental Corporation. |
(a) | J. Kevin Connaughton was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective March 1, 2016. Natalie A. Trunow was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective September 1, 2016. Olive M. Darragh was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective June 10, 2019. Shareholders of the Funds elected Mr. Connaughton and Mses. Darragh and Trunow as Trustees of CFST I, effective January 1, 2021, and of CFVIT, effective July 1, 2020. |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during the past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex overseen | Other directorships held by Trustee during the past five years |
Christopher O. Petersen c/o Columbia Management Investment Advisers, LLC 5228 Ameriprise Financial Center Minneapolis, MN 55474 1970 | Trustee since 2020(a) | Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since January 2015 (previously Vice President and Chief Counsel, January 2010-December 2014); officer of Columbia Funds and affiliated funds since 2007 | 172 | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
(a) | Mr. Petersen serves as the President and Principal Executive Officer of the Columbia Funds (since 2015). |
40 | Columbia Mid Cap Index Fund | Annual Report 2021 |
The Board has appointed officers who are responsible for day-to-day business decisions based on policies it has established. The officers serve at the pleasure of the Board. The following table provides basic information about the Officers of the Fund as of the printing of this report, including principal occupations during the past five years, although their specific titles may have varied over the period. In addition to Mr. Petersen, who is the President and Principal Executive Officer, the Fund’s other officers are:
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Michael G. Clarke 225 Franklin Street Boston, MA 02110 1969 | Chief Financial Officer and Principal Financial Officer (2009) and Senior Vice President (2019) | Vice President, Head of North American Operations, and Co-Head of Global Operations, Columbia Management Investment Advisers, LLC, since June 2019 (previously Vice President – Accounting and Tax, May 2010 – May 2019); senior officer of Columbia Funds and affiliated funds since 2002. |
Joseph Beranek 5890 Ameriprise Financial Center Minneapolis, MN 55474 1965 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) (2019) and Principal Financial Officer (2020), CFST, CFST I, CFST II, CFVIT and CFVST II; Assistant Treasurer, Columbia ETF Trust I and Columbia ETF Trust II | Vice President – Mutual Fund Accounting and Financial Reporting, Columbia Management Investment Advisers, LLC, since December 2018 and March 2017, respectively (previously Vice President – Pricing and Corporate Actions, May 2010 - March 2017). |
Marybeth Pilat 225 Franklin Street Boston, MA 02110 1968 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer (2020) for Columbia ETF Trust I and Columbia ETF Trust II; Assistant Treasurer, CFST, CFST I, CFST II, CFVIT and CFVST II | Vice President – Product Pricing and Administration, Columbia Management Investment Advisers, LLC, since May 2017; Director - Fund Administration, Calvert Investments, August 2015 – March 2017; Vice President - Fund Administration, Legg Mason, May 2015 - July 2015; Vice President - Fund Administration, Columbia Management Investment Advisers, LLC, May 2010 - April 2015. |
William F. Truscott 225 Franklin Street Boston, MA 02110 1960 | Senior Vice President (2001) | Formerly, Trustee of Columbia Funds Complex until January 1, 2021; Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012; Chairman of the Board and President, Columbia Management Investment Advisers, LLC since July 2004 and February 2012, respectively; Chairman of the Board and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since November 2008 and February 2012, respectively; Chairman of the Board and Director, Threadneedle Asset Management Holdings, Sàrl since March 2013 and December 2008, respectively; senior executive of various entities affiliated with Columbia Threadneedle. |
Paul B. Goucher 485 Lexington Avenue New York, NY 10017 1968 | Senior Vice President (2011) and Assistant Secretary (2008) | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since March 2015 (previously Vice President and Assistant Secretary, May 2010 – March 2015). |
Thomas P. McGuire 225 Franklin Street Boston, MA 02110 1972 | Senior Vice President and Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Columbia Acorn/Wanger Funds since December 2015; Chief Compliance Officer, Ameriprise Certificate Company September 2010 – September 2020. |
Colin Moore 225 Franklin Street Boston, MA 02110 1958 | Senior Vice President (2010) | Executive Vice President and Global Chief Investment Officer, Ameriprise Financial, Inc., since July 2013; Executive Vice President and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since July 2013. |
Columbia Mid Cap Index Fund | Annual Report 2021 | 41 |
Fund officers (continued)
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Ryan C. Larrenaga 225 Franklin Street Boston, MA 02110 1970 | Senior Vice President (2017), Chief Legal Officer (2017), and Secretary (2015) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously Vice President and Group Counsel, August 2011 - August 2018); Chief Legal Officer, Columbia Acorn/Wanger Funds, since September 2020; officer of Columbia Funds and affiliated funds since 2005. |
Daniel J. Beckman 225 Franklin Street Boston, MA 02110 1962 | Senior Vice President (2020) | Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015). |
Michael E. DeFao 225 Franklin Street Boston, MA 02110 1968 | Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. |
Lyn Kephart-Strong 5228 Ameriprise Financial Center Minneapolis, MN 55474 1960 | Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Trustee | Votes for | Votes withheld | Abstentions |
George S. Batejan | 1,166,986,012 | 16,252,243 | 0 |
Kathleen Blatz | 1,167,818,192 | 15,420,063 | 0 |
Pamela G. Carlton | 1,167,761,255 | 15,477,001 | 0 |
Janet Langford Carrig | 1,169,443,247 | 13,795,008 | 0 |
J. Kevin Connaughton | 1,168,554,731 | 14,683,525 | 0 |
Olive M. Darragh | 1,169,004,224 | 14,234,032 | 0 |
Patricia M. Flynn | 1,168,110,224 | 15,128,031 | 0 |
Brian J. Gallagher | 1,166,931,187 | 16,307,068 | 0 |
Douglas A. Hacker | 1,168,253,721 | 14,984,535 | 0 |
Nancy T. Lukitsh | 1,169,128,202 | 14,110,053 | 0 |
David M. Moffett | 1,167,387,510 | 15,850,745 | 0 |
Catherine James Paglia | 1,167,159,143 | 16,079,112 | 0 |
Anthony M. Santomero | 1,166,760,857 | 16,477,398 | 0 |
Minor M. Shaw | 1,165,931,084 | 17,307,171 | 0 |
Natalie A. Trunow | 1,168,907,601 | 14,330,655 | 0 |
Sandra Yeager | 1,167,549,796 | 15,688,459 | 0 |
Christopher O. Petersen | 1,167,593,463 | 15,644,793 | 0 |
42 | Columbia Mid Cap Index Fund | Annual Report 2021 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
February 28, 2021
3 | |
5 | |
7 | |
8 | |
12 | |
14 | |
15 | |
18 | |
22 | |
32 | |
33 | |
33 | |
39 |
Average annual total returns (%) (for the period ended February 28, 2021) | |||||
Inception | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 11/20/01 | 33.20 | 12.68 | 9.81 |
Including sales charges | 25.48 | 11.35 | 9.16 | ||
Advisor Class* | 11/08/12 | 33.49 | 12.95 | 10.04 | |
Class C | Excluding sales charges | 11/20/01 | 32.30 | 11.86 | 9.00 |
Including sales charges | 31.30 | 11.86 | 9.00 | ||
Institutional Class | 11/20/01 | 33.52 | 12.96 | 10.09 | |
Institutional 2 Class* | 11/08/12 | 33.75 | 13.10 | 10.16 | |
Institutional 3 Class | 07/15/09 | 33.80 | 13.14 | 10.27 | |
Class R | 01/23/06 | 32.90 | 12.41 | 9.54 | |
Russell Midcap Value Index | 27.72 | 12.45 | 10.65 |
* | 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 | Annual Report 2021 | 3 |
Portfolio breakdown (%) (at February 28, 2021) | |
Common Stocks | 99.3 |
Money Market Funds | 0.7 |
Total | 100.0 |
Equity sector breakdown (%) (at February 28, 2021) | |
Communication Services | 4.1 |
Consumer Discretionary | 14.7 |
Consumer Staples | 3.3 |
Energy | 4.6 |
Financials | 17.2 |
Health Care | 7.9 |
Industrials | 16.5 |
Information Technology | 10.2 |
Materials | 6.7 |
Real Estate | 7.6 |
Utilities | 7.2 |
Total | 100.0 |
4 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
• | Strong stock selection was the primary driver of the Fund’s outperformance of its benchmark, particularly in the information technology, financial and materials sectors. Allocation decisions were a secondary contributor. |
• | Freeport-McMoRan, Inc., a copper miner within the materials sector, continued to exceed consensus expectations. The company executed well and maintained strong liquidity and cash management during a challenging operating environment. A rally in the price of copper further fueled the company’s share price higher. |
• | Penn National Gaming, Inc., a casino and racetrack operator in the consumer discretionary sector, saw its shares soar following the reopening of its casinos and racetracks in the second half of the year. Investor optimism around Penn’s investment in Barstool Sports, Inc. and the potential around sports betting also fueled the stock. |
• | Square, Inc., a mobile payments processer within information technology, benefited from the huge shift to digital commerce and a decline in the use of cash during the global pandemic. |
• | SVB Financial Group, a regional bank that primarily services companies in the technology and science-related industries, also reported solid results driven by strength in the IPO market. Also, like other names in the financial sector, the stock benefited from a steepening yield curve and an improving economy. |
• | Teradyne, Inc., a semiconductor company in the information technology sector, benefited from high test and memory demand. The company continued to outperform, reporting impressive results and, in our view, issued guidance above consensus expectations. |
• | Stock selection within the consumer discretionary, consumer staples and real estate sectors hurt Fund performance, relative to the benchmark. |
• | An underweight allocation to the strong-performing communication services sector, as well as allocation to, and stock selection within, the energy sector also hurt relative performance. |
• | SL Green Realty Corp., a real estate investment trust, saw its shares suffer as its commercial properties in New York City were severely impacted by the COVID-19 outbreak in New York. |
• | Royal Caribbean Cruises Ltd., a cruise line operator, was hamstrung early in the period by the shuttering of cruise lines in an effort to prevent the spread of COVID-19. We exited the Fund’s position in the first quarter as a result of what we viewed to be uncertainty regarding the health of the company and industry. |
• | Pinnacle West Capital Corp., an electric utility company, declined towards the end of the period after releasing quarterly earnings and announcing an expected slower growth rate. The company was also impacted by the general shift towards more cyclical companies and away from defensive names after the announcement of the COVID-19 vaccines. |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 5 |
• | CACI International, Inc., an information technology company that provides information solutions and IT services to branches of the federal government, was a relative detractor after declining towards the end of the period despite reporting strong earnings as investors were concerned about future growth and potential M&A. |
• | Noble Energy, Inc., an exploration and production company in the energy sector, was negatively impacted by the collapse in oil prices early in the period that resulted from the feud between Saudi Arabia and Russia. |
6 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
(Unaudited)
September 1, 2020 — February 28, 2021 | |||||||
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 | 1,306.50 | 1,018.93 | 6.45 | 5.64 | 1.14 |
Advisor Class | 1,000.00 | 1,000.00 | 1,308.40 | 1,020.16 | 5.04 | 4.41 | 0.89 |
Class C | 1,000.00 | 1,000.00 | 1,301.50 | 1,015.25 | 10.67 | 9.34 | 1.89 |
Institutional Class | 1,000.00 | 1,000.00 | 1,307.80 | 1,020.16 | 5.04 | 4.41 | 0.89 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,308.90 | 1,020.70 | 4.42 | 3.86 | 0.78 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,309.10 | 1,020.89 | 4.19 | 3.67 | 0.74 |
Class R | 1,000.00 | 1,000.00 | 1,305.50 | 1,017.70 | 7.86 | 6.88 | 1.39 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 7 |
February 28, 2021
Common Stocks 98.8% | ||
Issuer | Shares | Value ($) |
Communication Services 4.1% | ||
Entertainment 2.1% | ||
Live Nation Entertainment, Inc.(a) | 551,000 | 48,961,860 |
Media 2.0% | ||
Nexstar Media Group, Inc., Class A | 348,000 | 47,867,400 |
Total Communication Services | 96,829,260 | |
Consumer Discretionary 14.5% | ||
Hotels, Restaurants & Leisure 5.3% | ||
Hyatt Hotels Corp., Class A(a) | 598,975 | 52,679,851 |
Penn National Gaming, Inc.(a) | 264,150 | 30,583,287 |
Six Flags Entertainment Corp. | 970,000 | 43,262,000 |
Total | 126,525,138 | |
Household Durables 2.0% | ||
D.R. Horton, Inc. | 618,100 | 47,513,347 |
Multiline Retail 2.0% | ||
Dollar Tree, Inc.(a) | 479,750 | 47,111,450 |
Specialty Retail 3.4% | ||
Burlington Stores, Inc.(a) | 177,350 | 45,901,727 |
O’Reilly Automotive, Inc.(a) | 78,175 | 34,970,023 |
Total | 80,871,750 | |
Textiles, Apparel & Luxury Goods 1.8% | ||
Capri Holdings Ltd.(a) | 900,000 | 42,003,000 |
Total Consumer Discretionary | 344,024,685 | |
Consumer Staples 3.2% | ||
Food & Staples Retailing 1.7% | ||
U.S. Foods Holding Corp.(a) | 1,105,365 | 40,301,608 |
Food Products 1.5% | ||
Tyson Foods, Inc., Class A | 537,775 | 36,391,234 |
Total Consumer Staples | 76,692,842 | |
Energy 4.6% | ||
Oil, Gas & Consumable Fuels 4.6% | ||
Devon Energy Corp. | 2,348,207 | 50,580,379 |
Marathon Petroleum Corp. | 1,057,325 | 57,751,091 |
Total | 108,331,470 | |
Total Energy | 108,331,470 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Financials 17.0% | ||
Banks 6.6% | ||
Popular, Inc. | 638,135 | 42,640,181 |
Regions Financial Corp. | 2,814,765 | 58,068,602 |
SVB Financial Group(a) | 111,125 | 56,158,130 |
Total | 156,866,913 | |
Consumer Finance 2.9% | ||
Discover Financial Services | 728,750 | 68,553,512 |
Diversified Financial Services 1.9% | ||
Voya Financial, Inc. | 739,250 | 44,561,990 |
Insurance 5.6% | ||
Hanover Insurance Group, Inc. (The) | 368,675 | 42,526,661 |
Lincoln National Corp. | 906,915 | 51,576,256 |
Reinsurance Group of America, Inc. | 319,450 | 39,046,374 |
Total | 133,149,291 | |
Total Financials | 403,131,706 | |
Health Care 7.8% | ||
Health Care Equipment & Supplies 2.4% | ||
Zimmer Biomet Holdings, Inc. | 354,690 | 57,835,751 |
Health Care Providers & Services 3.4% | ||
Centene Corp.(a) | 625,245 | 36,601,842 |
Quest Diagnostics, Inc. | 373,360 | 43,156,683 |
Total | 79,758,525 | |
Life Sciences Tools & Services 2.0% | ||
Agilent Technologies, Inc. | 384,985 | 46,995,119 |
Total Health Care | 184,589,395 | |
Industrials 16.3% | ||
Airlines 2.5% | ||
Southwest Airlines Co. | 1,013,612 | 58,921,266 |
Building Products 2.9% | ||
Trane Technologies PLC | 455,633 | 69,821,201 |
Electrical Equipment 3.0% | ||
AMETEK, Inc. | 601,130 | 70,915,306 |
8 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Machinery 5.4% | ||
Ingersoll Rand, Inc.(a) | 1,355,143 | 62,797,327 |
ITT, Inc. | 793,325 | 65,830,108 |
Total | 128,627,435 | |
Road & Rail 2.5% | ||
Norfolk Southern Corp. | 231,695 | 58,401,042 |
Total Industrials | 386,686,250 | |
Information Technology 10.1% | ||
Communications Equipment 1.8% | ||
Motorola Solutions, Inc. | 244,360 | 42,880,293 |
Electronic Equipment, Instruments & Components 2.2% | ||
Corning, Inc. | 1,344,600 | 51,417,504 |
IT Services 1.2% | ||
CACI International, Inc., Class A(a) | 129,650 | 28,696,731 |
Semiconductors & Semiconductor Equipment 4.9% | ||
Marvell Technology Group Ltd. | 830,750 | 40,108,610 |
ON Semiconductor Corp.(a) | 1,085,600 | 43,717,112 |
Teradyne, Inc. | 250,625 | 32,232,881 |
Total | 116,058,603 | |
Total Information Technology | 239,053,131 | |
Materials 6.6% | ||
Chemicals 3.9% | ||
Eastman Chemical Co. | 433,000 | 47,309,580 |
FMC Corp. | 448,680 | 45,626,269 |
Total | 92,935,849 | |
Metals & Mining 2.7% | ||
Freeport-McMoRan, Inc.(a) | 1,917,345 | 65,017,169 |
Total Materials | 157,953,018 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 7.5% | ||
Equity Real Estate Investment Trusts (REITS) 7.5% | ||
First Industrial Realty Trust, Inc. | 1,280,375 | 54,684,817 |
Gaming and Leisure Properties, Inc. | 1,266,708 | 56,241,835 |
Welltower, Inc. | 995,590 | 67,600,561 |
Total | 178,527,213 | |
Total Real Estate | 178,527,213 | |
Utilities 7.1% | ||
Electric Utilities 1.1% | ||
Pinnacle West Capital Corp. | 384,525 | 26,889,833 |
Independent Power and Renewable Electricity Producers 2.7% | ||
AES Corp. (The) | 2,394,250 | 63,591,280 |
Multi-Utilities 3.3% | ||
Ameren Corp. | 532,275 | 37,402,964 |
CMS Energy Corp. | 747,825 | 40,464,811 |
Total | 77,867,775 | |
Total Utilities | 168,348,888 | |
Total Common Stocks (Cost $1,613,109,197) | 2,344,167,858 | |
Money Market Funds 0.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.086%(b),(c) | 16,810,826 | 16,809,145 |
Total Money Market Funds (Cost $16,807,443) | 16,809,145 | |
Total Investments in Securities (Cost: $1,629,916,640) | 2,360,977,003 | |
Other Assets & Liabilities, Net | 11,845,544 | |
Net Assets | 2,372,822,547 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 9 |
February 28, 2021
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at February 28, 2021. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended February 28, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.086% | ||||||||
20,794,404 | 357,362,533 | (361,348,896) | 1,104 | 16,809,145 | (7,219) | 69,770 | 16,810,826 |
■ | 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 | 96,829,260 | — | — | 96,829,260 |
Consumer Discretionary | 344,024,685 | — | — | 344,024,685 |
Consumer Staples | 76,692,842 | — | — | 76,692,842 |
Energy | 108,331,470 | — | — | 108,331,470 |
Financials | 403,131,706 | — | — | 403,131,706 |
Health Care | 184,589,395 | — | — | 184,589,395 |
Industrials | 386,686,250 | — | — | 386,686,250 |
10 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
February 28, 2021
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Information Technology | 239,053,131 | — | — | 239,053,131 |
Materials | 157,953,018 | — | — | 157,953,018 |
Real Estate | 178,527,213 | — | — | 178,527,213 |
Utilities | 168,348,888 | — | — | 168,348,888 |
Total Common Stocks | 2,344,167,858 | — | — | 2,344,167,858 |
Money Market Funds | 16,809,145 | — | — | 16,809,145 |
Total Investments in Securities | 2,360,977,003 | — | — | 2,360,977,003 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 11 |
February 28, 2021
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,613,109,197) | $2,344,167,858 |
Affiliated issuers (cost $16,807,443) | 16,809,145 |
Receivable for: | |
Investments sold | 33,298,719 |
Capital shares sold | 1,711,178 |
Dividends | 2,353,167 |
Expense reimbursement due from Investment Manager | 1,277 |
Prepaid expenses | 32,665 |
Total assets | 2,398,374,009 |
Liabilities | |
Payable for: | |
Investments purchased | 23,160,412 |
Capital shares purchased | 1,576,880 |
Management services fees | 47,800 |
Distribution and/or service fees | 7,627 |
Transfer agent fees | 283,833 |
Compensation of board members | 386,573 |
Compensation of chief compliance officer | 16 |
Other expenses | 88,321 |
Total liabilities | 25,551,462 |
Net assets applicable to outstanding capital stock | $2,372,822,547 |
Represented by | |
Paid in capital | 1,621,076,295 |
Total distributable earnings (loss) | 751,746,252 |
Total - representing net assets applicable to outstanding capital stock | $2,372,822,547 |
12 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
February 28, 2021
Class A | |
Net assets | $1,003,004,083 |
Shares outstanding | 80,218,230 |
Net asset value per share | $12.50 |
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) | $13.26 |
Advisor Class | |
Net assets | $152,859,740 |
Shares outstanding | 11,720,540 |
Net asset value per share | $13.04 |
Class C | |
Net assets | $12,576,982 |
Shares outstanding | 1,125,351 |
Net asset value per share | $11.18 |
Institutional Class | |
Net assets | $703,151,620 |
Shares outstanding | 56,032,278 |
Net asset value per share | $12.55 |
Institutional 2 Class | |
Net assets | $103,359,807 |
Shares outstanding | 7,922,401 |
Net asset value per share | $13.05 |
Institutional 3 Class | |
Net assets | $369,599,359 |
Shares outstanding | 29,576,656 |
Net asset value per share | $12.50 |
Class R | |
Net assets | $28,270,956 |
Shares outstanding | 2,273,352 |
Net asset value per share | $12.44 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 13 |
Year Ended February 28, 2021
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $30,061,025 |
Dividends — affiliated issuers | 69,770 |
Foreign taxes withheld | (104,756) |
Total income | 30,026,039 |
Expenses: | |
Management services fees | 13,047,043 |
Distribution and/or service fees | |
Class A | 1,762,923 |
Class C | 125,170 |
Class R | 117,079 |
Transfer agent fees | |
Class A | 1,117,421 |
Advisor Class | 152,525 |
Class C | 20,256 |
Institutional Class | 921,090 |
Institutional 2 Class | 43,503 |
Institutional 3 Class | 18,718 |
Class R | 37,809 |
Compensation of board members | 93,026 |
Custodian fees | 11,740 |
Printing and postage fees | 142,042 |
Registration fees | 98,760 |
Audit fees | 29,500 |
Legal fees | 23,804 |
Compensation of chief compliance officer | 295 |
Other | 69,066 |
Total expenses | 17,831,770 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (614,756) |
Fees waived by transfer agent | |
Institutional 2 Class | (12,165) |
Institutional 3 Class | (14,303) |
Expense reduction | (3,800) |
Total net expenses | 17,186,746 |
Net investment income | 12,839,293 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 35,918,975 |
Investments — affiliated issuers | (7,219) |
Net realized gain | 35,911,756 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 605,074,849 |
Investments — affiliated issuers | 1,104 |
Net change in unrealized appreciation (depreciation) | 605,075,953 |
Net realized and unrealized gain | 640,987,709 |
Net increase in net assets resulting from operations | $653,827,002 |
14 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $12,839,293 | $16,536,138 |
Net realized gain | 35,911,756 | 85,770,159 |
Net change in unrealized appreciation (depreciation) | 605,075,953 | (123,238,610) |
Net increase (decrease) in net assets resulting from operations | 653,827,002 | (20,932,313) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (17,676,345) | (18,193,680) |
Advisor Class | (1,096,305) | (835,092) |
Class C | (373,633) | (449,205) |
Institutional Class | (22,705,183) | (24,467,859) |
Institutional 2 Class | (2,421,282) | (2,396,789) |
Institutional 3 Class | (7,952,391) | (5,612,786) |
Class R | (757,365) | (881,879) |
Total distributions to shareholders | (52,982,504) | (52,837,290) |
Increase (decrease) in net assets from capital stock activity | 426,729,328 | (149,323,097) |
Total increase (decrease) in net assets | 1,027,573,826 | (223,092,700) |
Net assets at beginning of year | 1,345,248,721 | 1,568,341,421 |
Net assets at end of year | $2,372,822,547 | $1,345,248,721 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 15 |
Year Ended | Year Ended | |||
February 28, 2021 | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 4,671,905 | 45,629,276 | 3,720,206 | 39,978,178 |
Fund reorganization | 39,170,046 | 338,427,345 | — | — |
Distributions reinvested | 1,834,484 | 16,251,790 | 1,549,857 | 16,747,145 |
Redemptions | (14,614,146) | (144,279,931) | (11,806,729) | (126,986,064) |
Net increase (decrease) | 31,062,289 | 256,028,480 | (6,536,666) | (70,260,741) |
Advisor Class | ||||
Subscriptions | 11,572,395 | 109,734,091 | 768,934 | 8,564,800 |
Fund reorganization | 2,434,767 | 21,937,275 | — | — |
Distributions reinvested | 108,583 | 1,056,042 | 70,554 | 793,026 |
Redemptions | (4,404,517) | (47,412,019) | (862,542) | (9,750,853) |
Net increase (decrease) | 9,711,228 | 85,315,389 | (23,054) | (393,027) |
Class C | ||||
Subscriptions | 93,312 | 835,907 | 99,155 | 956,282 |
Fund reorganization | 543,360 | 4,205,613 | — | — |
Distributions reinvested | 44,083 | 347,951 | 42,422 | 413,178 |
Redemptions | (1,008,448) | (9,142,544) | (920,275) | (8,838,996) |
Net decrease | (327,693) | (3,753,073) | (778,698) | (7,469,536) |
Institutional Class | ||||
Subscriptions | 6,624,100 | 64,456,629 | 6,609,536 | 71,587,344 |
Fund reorganization | 5,608,529 | 48,625,920 | — | — |
Distributions reinvested | 2,425,313 | 21,406,965 | 2,108,240 | 22,834,881 |
Redemptions | (20,421,123) | (191,725,497) | (13,887,409) | (150,522,554) |
Net decrease | (5,763,181) | (57,235,983) | (5,169,633) | (56,100,329) |
Institutional 2 Class | ||||
Subscriptions | 2,772,450 | 28,783,226 | 1,675,027 | 18,814,543 |
Fund reorganization | 1,608,162 | 14,489,499 | — | — |
Distributions reinvested | 259,114 | 2,385,510 | 213,491 | 2,396,789 |
Redemptions | (2,891,479) | (28,953,694) | (2,256,270) | (25,034,276) |
Net increase (decrease) | 1,748,247 | 16,704,541 | (367,752) | (3,822,944) |
Institutional 3 Class | ||||
Subscriptions | 11,620,696 | 107,181,810 | 3,349,292 | 36,095,945 |
Fund reorganization | 8,691,673 | 75,009,378 | — | — |
Distributions reinvested | 767,213 | 6,876,162 | 391,920 | 4,224,192 |
Redemptions | (5,855,282) | (57,421,915) | (4,230,934) | (45,292,288) |
Net increase (decrease) | 15,224,300 | 131,645,435 | (489,722) | (4,972,151) |
Class R | ||||
Subscriptions | 799,660 | 7,723,118 | 504,029 | 5,369,854 |
Fund reorganization | 303,824 | 2,612,872 | — | — |
Distributions reinvested | 85,793 | 749,444 | 79,460 | 854,855 |
Redemptions | (1,351,248) | (13,060,895) | (1,171,497) | (12,529,078) |
Net decrease | (161,971) | (1,975,461) | (588,008) | (6,304,369) |
Total net increase (decrease) | 51,493,219 | 426,729,328 | (13,953,533) | (149,323,097) |
16 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $9.76 | 0.05 | 3.04 | 3.09 | (0.07) | (0.28) | (0.35) |
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) |
Advisor Class | |||||||
Year Ended 2/28/2021 | $10.17 | 0.07 | 3.17 | 3.24 | (0.09) | (0.28) | (0.37) |
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) |
Class C | |||||||
Year Ended 2/28/2021 | $8.76 | (0.01) | 2.72 | 2.71 | (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(d) | 3.17 | 3.17 | (0.04) | (1.04) | (1.08) |
Institutional Class | |||||||
Year Ended 2/28/2021 | $9.80 | 0.09 | 3.03 | 3.12 | (0.09) | (0.28) | (0.37) |
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) |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $10.17 | 0.10 | 3.17 | 3.27 | (0.11) | (0.28) | (0.39) |
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) |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $9.76 | 0.09 | 3.04 | 3.13 | (0.11) | (0.28) | (0.39) |
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) |
18 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $12.50 | 33.20% | 1.18% | 1.15%(c) | 0.54% | 44% | $1,003,004 |
Year Ended 2/29/2020 | $9.76 | (2.47%) | 1.21% | 1.16%(c) | 0.91% | 28% | $479,921 |
Year Ended 2/28/2019 | $10.34 | 3.57% | 1.20% | 1.17%(c) | 0.57% | 79% | $575,861 |
Year Ended 2/28/2018 | $13.27 | 5.96% | 1.18% | 1.18%(c) | 0.86% | 59% | $692,641 |
Year Ended 2/28/2017 | $15.19 | 27.41% | 1.17% | 1.17%(c) | 0.78% | 33% | $886,910 |
Advisor Class | |||||||
Year Ended 2/28/2021 | $13.04 | 33.49% | 0.93% | 0.90%(c) | 0.66% | 44% | $152,860 |
Year Ended 2/29/2020 | $10.17 | (2.14%) | 0.96% | 0.91%(c) | 1.16% | 28% | $20,433 |
Year Ended 2/28/2019 | $10.75 | 3.79% | 0.95% | 0.92%(c) | 0.78% | 79% | $21,857 |
Year Ended 2/28/2018 | $13.67 | 6.20% | 0.93% | 0.92%(c) | 1.10% | 59% | $69,624 |
Year Ended 2/28/2017 | $15.57 | 27.70% | 0.93% | 0.93%(c) | 1.02% | 33% | $105,459 |
Class C | |||||||
Year Ended 2/28/2021 | $11.18 | 32.30% | 1.94% | 1.90%(c) | (0.12%) | 44% | $12,577 |
Year Ended 2/29/2020 | $8.76 | (3.11%) | 1.96% | 1.92%(c) | 0.17% | 28% | $12,726 |
Year Ended 2/28/2019 | $9.30 | 2.78% | 1.95% | 1.92%(c) | (0.20%) | 79% | $20,763 |
Year Ended 2/28/2018 | $12.29 | 5.09% | 1.93% | 1.92%(c) | 0.10% | 59% | $69,670 |
Year Ended 2/28/2017 | $14.29 | 26.48% | 1.92% | 1.92%(c) | 0.03% | 33% | $99,413 |
Institutional Class | |||||||
Year Ended 2/28/2021 | $12.55 | 33.52% | 0.94% | 0.90%(c) | 0.91% | 44% | $703,152 |
Year Ended 2/29/2020 | $9.80 | (2.22%) | 0.96% | 0.91%(c) | 1.16% | 28% | $605,614 |
Year Ended 2/28/2019 | $10.38 | 3.84% | 0.95% | 0.92%(c) | 0.82% | 79% | $694,941 |
Year Ended 2/28/2018 | $13.31 | 6.21% | 0.93% | 0.93%(c) | 1.20% | 59% | $837,610 |
Year Ended 2/28/2017 | $15.23 | 27.74% | 0.93% | 0.93%(c) | 1.02% | 33% | $1,421,365 |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $13.05 | 33.75% | 0.84% | 0.79% | 0.96% | 44% | $103,360 |
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 |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $12.50 | 33.80% | 0.79% | 0.75% | 0.94% | 44% | $369,599 |
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 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 19 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class R | |||||||
Year Ended 2/28/2021 | $9.71 | 0.04 | 3.02 | 3.06 | (0.05) | (0.28) | (0.33) |
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) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Rounds to zero. |
20 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
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 R | |||||||
Year Ended 2/28/2021 | $12.44 | 32.90% | 1.44% | 1.40%(c) | 0.39% | 44% | $28,271 |
Year Ended 2/29/2020 | $9.71 | (2.72%) | 1.46% | 1.41%(c) | 0.66% | 28% | $23,646 |
Year Ended 2/28/2019 | $10.29 | 3.34% | 1.45% | 1.42%(c) | 0.32% | 79% | $31,097 |
Year Ended 2/28/2018 | $13.22 | 5.71% | 1.43% | 1.42%(c) | 0.61% | 59% | $41,290 |
Year Ended 2/28/2017 | $15.14 | 27.10% | 1.42% | 1.42%(c) | 0.54% | 33% | $53,457 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 21 |
February 28, 2021
22 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
February 28, 2021
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 23 |
February 28, 2021
24 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
February 28, 2021
Effective rate (%) | |
Class A | 0.16 |
Advisor Class | 0.16 |
Class C | 0.16 |
Institutional Class | 0.16 |
Institutional 2 Class | 0.04 |
Institutional 3 Class | 0.00 |
Class R | 0.16 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 25 |
February 28, 2021
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 115,391 |
Class C | — | 1.00(b) | 1,145 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
July 1, 2020 through June 30, 2021 | Prior to July 1, 2020 | |
Class A | 1.17% | 1.17% |
Advisor Class | 0.92 | 0.92 |
Class C | 1.92 | 1.92 |
Institutional Class | 0.92 | 0.92 |
Institutional 2 Class | 0.78 | 0.80 |
Institutional 3 Class | 0.74 | 0.76 |
Class R | 1.42 | 1.42 |
26 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
February 28, 2021
Undistributed net investment income ($) | Accumulated net realized gain ($) | Paid in capital ($) |
(124,022) | (12,061,487) | 12,185,509 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | ||||
Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
14,349,286 | 38,633,218 | 52,982,504 | 16,762,090 | 36,075,200 | 52,837,290 |
Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
31,282,731 | 2,607,798 | — | 718,238,251 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,642,738,752 | 728,384,236 | (10,145,985) | 718,238,251 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 27 |
February 28, 2021
No expiration short-term ($) | No expiration long-term ($) | Total ($) | Utilized ($) |
— | — | — | 8,180,713 |
28 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
February 28, 2021
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 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 29 |
February 28, 2021
($) | |
Net investment income | 14,586,000 |
Net realized gain | 21,580,000 |
Net change in unrealized appreciation | 582,251,000 |
Net increase in net assets from operations | 618,417,000 |
30 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
February 28, 2021
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 31 |
32 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
Qualified dividend income | Dividends received deduction | Capital gain dividend |
61.99% | 58.31% | $2,949,466 |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
George S. Batejan c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1953 | Trustee since 2017 | Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 | 172 | Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 33 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Kathleen Blatz c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2006 | Attorney; specializing in arbitration and mediation; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member and Interim Chair, Minnesota Sports Facilities Authority, January 2017-July 2017; Interim President and Chief Executive Officer, Blue Cross and Blue Shield of Minnesota (health care insurance), February-July 2018 | 172 | Trustee, BlueCross BlueShield of Minnesota since 2009 (Chair of the Business Development Committee - 2014-2017; Chair of the Governance Committee, 2017-2019); former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017-July 2017; Director, Robina Foundation, 2009-2020 (Chair, 2014-2020) |
Pamela G. Carlton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2007 | President, Springboard — Partners in Cross Cultural Leadership (consulting company) since 2003; Managing Director of US Equity Research, JP Morgan Chase, 1999-2003; Director of US Equity Research, Chase Asset Management, 1996-1999; Co-Director Latin America Research, 1993-1996, COO Global Research, 1992-1996, Co-Director of US Research, 1991-1992, Investment Banker, 1982-1991, Morgan Stanley; Attorney at Cleary Gottlieb Steen & Hamilton LLP, 1980-1982 | 172 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of People Committee) since 1996; Director, DR Bank (Audit Committee) since 2017; Director, Evercore Inc. (Audit Committee, Nominating and Governance Committee) since 2019 |
Janet Langford Carrig c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1957 | Trustee since 1996 | Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (independent energy company), September 2007-October 2018 | 170 | Director, EQT Corporation (natural gas producer) since 2019; Director, Whiting Petroleum Corporation (independent oil and gas company) since 2020 |
J. Kevin Connaughton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2020(a) | Member, FINRA National Adjudicatory Council since January 2020; Adjunct Professor of Finance, Bentley University since January 2018; Managing Director and General Manager of Mutual Fund Products, Columbia Management Investment Advisers, LLC, May 2010-February 2015; President, Columbia Funds, 2008-2015; and senior officer of Columbia Funds and affiliated funds, 2003-2015 | 170 | Director, The Autism Project since March 2015; former Member of the Investment Committee, St. Michael’s College, November 2015-February 2020; former Trustee, St. Michael’s College, June 2017-September 2019; former Trustee, New Century Portfolios, January 2015-December 2017 |
Olive M. Darragh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1962 | Trustee since 2020(a) | Managing Director of Darragh Inc. (strategy and talent management consulting firm) since 2010; Founder and CEO, Zolio, Inc. (investment management talent identification platform) since 2004; Partner, Tudor Investments, 2004-2010; Senior Partner, McKinsey & Company (consulting), 2001-2004 | 170 | Former Director, University of Edinburgh Business School (Member of US Board); former Director, Boston Public Library Foundation |
34 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Patricia M. Flynn c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1950 | Trustee since 2004 | Trustee Professor of Economics and Management, Bentley University since 1976 (also teaches and conducts research on corporate governance); Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 | 172 | Trustee, MA Taxpayers Foundation since 1997; Board of Governors, Innovation Institute, MA Technology Collaborative, 2010-2019; Board of Directors, The MA Business Roundtable, 2003-2019 |
Brian J. Gallagher c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2017 | Retired; Partner with Deloitte & Touche LLP and its predecessors, 1977-2016 | 172 | Trustee, Catholic Schools Foundation since 2004 |
Douglas A. Hacker c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1955 | Co-Chair since 2021; Chair of CFST I and CFVIT since 2014; Trustee of CFST I and CFVIT since 1996 and CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2021 | Independent business executive since May 2006; Executive Vice President – Strategy of United Airlines, December 2002 - May 2006; President of UAL Loyalty Services (airline marketing company), September 2001-December 2002; Executive Vice President and Chief Financial Officer of United Airlines, July 1999-September 2001 | 170 | Director, Spartan Nash Company (food distributor); Director, Aircastle Limited (Chair of Audit Committee) (aircraft leasing); former Director, Nash Finch Company (food distributor), 2005-2013; former Director, SeaCube Container Leasing Ltd. (container leasing), 2010-2013; and former Director, Travelport Worldwide Limited (travel information technology), 2014-2019 |
Nancy T. Lukitsh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1956 | Trustee since 2011 | Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser), 1997-2010; Chair, Wellington Management Portfolios (commingled non-U.S. investment pools), 2007 -2010; Director, Wellington Trust Company, NA and other Wellington affiliates, 1997-2010 | 170 | |
David M. Moffett c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Trustee since 2011 | Retired; Consultant to Bridgewater and Associates | 170 | Director, CSX Corporation (transportation suppliers); Director, Genworth Financial, Inc. (financial and insurance products and services); Director, PayPal Holdings Inc. (payment and data processing services); Trustee, University of Oklahoma Foundation; former Director, eBay Inc. (online trading community), 2007-2015; and former Director, CIT Bank, CIT Group Inc. (commercial and consumer finance), 2010-2016 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 35 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Catherine James Paglia c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Co-Chair since 2021; Chair of CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2020; Trustee of CFST, CFST II and CFVST II since 2004 and CFST I and CFVIT since 2021 | Director, Enterprise Asset Management, Inc. (private real estate and asset management company) since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989-1997; Vice President, 1982-1985, Principal, 1985-1987, Managing Director, 1987-1989, Morgan Stanley; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. | 172 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012; Trustee, Carleton College (on the Investment Committee); Trustee, Carnegie Endowment for International Peace (on the Investment Committee) |
Anthony M. Santomero c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1946 | Trustee since 2008 | Richard K. Mellon Professor Emeritus of Finance, The Wharton School, University of Pennsylvania, since 2002; Senior Advisor, McKinsey & Company (consulting), 2006-2008; President, Federal Reserve Bank of Philadelphia, 2000-2006; Professor of Finance, The Wharton School, University of Pennsylvania, 1972-2002 | 172 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, RenaissanceRe Holdings Ltd. since May 2008; former Director, Citigroup Inc. and Citibank, N.A., 2009-2019; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 |
Minor M. Shaw c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1947 | Trustee since 2003 | President, Micco LLC (private investments) since 2011; President, Micco Corp. (family investment business), 1998-2011 | 172 | Director, BlueCross BlueShield of South Carolina (Chair of Compensation Committee) since April 2008; Trustee, Hollingsworth Funds (on the Investment Committee) since 2016 (previously Board Chair from 2016-2019); Former Advisory Board member, Duke Energy Corp., 2016-2020; Chair of the Duke Endowment; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016; former Director, National Association of Corporate Directors, Carolinas Chapter, 2013-2018; Chair, Daniel-Mickel Foundation |
36 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Natalie A. Trunow c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1967 | Trustee since 2020(a) | Chief Executive Officer, Millennial Portfolio Solutions LLC (asset management and consulting services) since January 2016; Non-executive Member of the Investment Committee, Sarona Asset Management Inc. (private equity firm) since September 2019; Advisor, Horizon Investments (asset management and consulting services) since August 2018; Advisor, Paradigm Asset Management since November 2016; Director of Investments, Casey Family Programs, April 2016-September 2016; Senior Vice President and Chief Investment Officer, Calvert Investments, August 2008 - January 2016; Section Head and Portfolio Manager, General Motors Asset Management, June 1997-August 2008 | 170 | Director, Health Services for Children with Special Needs, Inc.; Director, Consumer Credit Counseling Services (formerly Guidewell Financial Solutions); Independent Director, Investment Committee, Sarona Asset Management |
Sandra Yeager c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2017 | Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 | 172 | Director, NAPE Education Foundation, October 2016-October 2020 |
* | The term “Columbia Funds Complex” as used herein includes Columbia Seligman Premium Technology Growth Fund, Tri-Continental Corporation and each series of Columbia Fund Series Trust (CFST), Columbia Funds Series Trust I (CFST I), Columbia Funds Series Trust II (CFST II), Columbia ETF Trust I, Columbia ETF Trust II, Columbia Funds Variable Insurance Trust (CFVIT) and Columbia Funds Variable Series Trust II (CFVST II). Messrs. Batejan, Gallagher, Petersen and Santomero and Mses. Blatz, Carlton, Flynn, Paglia, Shaw and Yeager serve as a director of Columbia Seligman Premium Technology Growth Fund and Tri-Continental Corporation. |
(a) | J. Kevin Connaughton was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective March 1, 2016. Natalie A. Trunow was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective September 1, 2016. Olive M. Darragh was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective June 10, 2019. Shareholders of the Funds elected Mr. Connaughton and Mses. Darragh and Trunow as Trustees of CFST I, effective January 1, 2021, and of CFVIT, effective July 1, 2020. |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during the past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex overseen | Other directorships held by Trustee during the past five years |
Christopher O. Petersen c/o Columbia Management Investment Advisers, LLC 5228 Ameriprise Financial Center Minneapolis, MN 55474 1970 | Trustee since 2020(a) | Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since January 2015 (previously Vice President and Chief Counsel, January 2010-December 2014); officer of Columbia Funds and affiliated funds since 2007 | 172 | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
(a) | Mr. Petersen serves as the President and Principal Executive Officer of the Columbia Funds (since 2015). |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 37 |
The Board has appointed officers who are responsible for day-to-day business decisions based on policies it has established. The officers serve at the pleasure of the Board. The following table provides basic information about the Officers of the Fund as of the printing of this report, including principal occupations during the past five years, although their specific titles may have varied over the period. In addition to Mr. Petersen, who is the President and Principal Executive Officer, the Fund’s other officers are:
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Michael G. Clarke 225 Franklin Street Boston, MA 02110 1969 | Chief Financial Officer and Principal Financial Officer (2009) and Senior Vice President (2019) | Vice President, Head of North American Operations, and Co-Head of Global Operations, Columbia Management Investment Advisers, LLC, since June 2019 (previously Vice President – Accounting and Tax, May 2010 – May 2019); senior officer of Columbia Funds and affiliated funds since 2002. |
Joseph Beranek 5890 Ameriprise Financial Center Minneapolis, MN 55474 1965 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) (2019) and Principal Financial Officer (2020), CFST, CFST I, CFST II, CFVIT and CFVST II; Assistant Treasurer, Columbia ETF Trust I and Columbia ETF Trust II | Vice President – Mutual Fund Accounting and Financial Reporting, Columbia Management Investment Advisers, LLC, since December 2018 and March 2017, respectively (previously Vice President – Pricing and Corporate Actions, May 2010 - March 2017). |
Marybeth Pilat 225 Franklin Street Boston, MA 02110 1968 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer (2020) for Columbia ETF Trust I and Columbia ETF Trust II; Assistant Treasurer, CFST, CFST I, CFST II, CFVIT and CFVST II | Vice President – Product Pricing and Administration, Columbia Management Investment Advisers, LLC, since May 2017; Director - Fund Administration, Calvert Investments, August 2015 – March 2017; Vice President - Fund Administration, Legg Mason, May 2015 - July 2015; Vice President - Fund Administration, Columbia Management Investment Advisers, LLC, May 2010 - April 2015. |
William F. Truscott 225 Franklin Street Boston, MA 02110 1960 | Senior Vice President (2001) | Formerly, Trustee of Columbia Funds Complex until January 1, 2021; Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012; Chairman of the Board and President, Columbia Management Investment Advisers, LLC since July 2004 and February 2012, respectively; Chairman of the Board and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since November 2008 and February 2012, respectively; Chairman of the Board and Director, Threadneedle Asset Management Holdings, Sàrl since March 2013 and December 2008, respectively; senior executive of various entities affiliated with Columbia Threadneedle. |
Paul B. Goucher 485 Lexington Avenue New York, NY 10017 1968 | Senior Vice President (2011) and Assistant Secretary (2008) | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since March 2015 (previously Vice President and Assistant Secretary, May 2010 – March 2015). |
Thomas P. McGuire 225 Franklin Street Boston, MA 02110 1972 | Senior Vice President and Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Columbia Acorn/Wanger Funds since December 2015; Chief Compliance Officer, Ameriprise Certificate Company September 2010 – September 2020. |
Colin Moore 225 Franklin Street Boston, MA 02110 1958 | Senior Vice President (2010) | Executive Vice President and Global Chief Investment Officer, Ameriprise Financial, Inc., since July 2013; Executive Vice President and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since July 2013. |
38 | Columbia Select Mid Cap Value Fund | Annual Report 2021 |
Fund officers (continued)
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Ryan C. Larrenaga 225 Franklin Street Boston, MA 02110 1970 | Senior Vice President (2017), Chief Legal Officer (2017), and Secretary (2015) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously Vice President and Group Counsel, August 2011 - August 2018); Chief Legal Officer, Columbia Acorn/Wanger Funds, since September 2020; officer of Columbia Funds and affiliated funds since 2005. |
Daniel J. Beckman 225 Franklin Street Boston, MA 02110 1962 | Senior Vice President (2020) | Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015). |
Michael E. DeFao 225 Franklin Street Boston, MA 02110 1968 | Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. |
Lyn Kephart-Strong 5228 Ameriprise Financial Center Minneapolis, MN 55474 1960 | Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Trustee | Votes for | Votes withheld | Abstentions |
George S. Batejan | 1,166,986,012 | 16,252,243 | 0 |
Kathleen Blatz | 1,167,818,192 | 15,420,063 | 0 |
Pamela G. Carlton | 1,167,761,255 | 15,477,001 | 0 |
Janet Langford Carrig | 1,169,443,247 | 13,795,008 | 0 |
J. Kevin Connaughton | 1,168,554,731 | 14,683,525 | 0 |
Olive M. Darragh | 1,169,004,224 | 14,234,032 | 0 |
Patricia M. Flynn | 1,168,110,224 | 15,128,031 | 0 |
Brian J. Gallagher | 1,166,931,187 | 16,307,068 | 0 |
Douglas A. Hacker | 1,168,253,721 | 14,984,535 | 0 |
Nancy T. Lukitsh | 1,169,128,202 | 14,110,053 | 0 |
David M. Moffett | 1,167,387,510 | 15,850,745 | 0 |
Catherine James Paglia | 1,167,159,143 | 16,079,112 | 0 |
Anthony M. Santomero | 1,166,760,857 | 16,477,398 | 0 |
Minor M. Shaw | 1,165,931,084 | 17,307,171 | 0 |
Natalie A. Trunow | 1,168,907,601 | 14,330,655 | 0 |
Sandra Yeager | 1,167,549,796 | 15,688,459 | 0 |
Christopher O. Petersen | 1,167,593,463 | 15,644,793 | 0 |
Columbia Select Mid Cap Value Fund | Annual Report 2021 | 39 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
February 28, 2021
3 | |
5 | |
7 | |
8 | |
21 | |
22 | |
23 | |
26 | |
28 | |
39 | |
40 | |
40 | |
46 |
Average annual total returns (%) (for the period ended February 28, 2021) | |||||
Inception | 1 Year | 5 Years | 10 Years | ||
Class A | 10/15/96 | 46.15 | 16.18 | 12.43 | |
Institutional Class | 10/15/96 | 46.46 | 16.46 | 12.71 | |
Institutional 2 Class* | 11/08/12 | 46.48 | 16.46 | 12.66 | |
Institutional 3 Class* | 03/01/17 | 46.41 | 16.41 | 12.54 | |
S&P SmallCap 600 Index | 46.69 | 16.66 | 12.94 |
* | 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 Small Cap Index Fund | Annual Report 2021 | 3 |
Portfolio breakdown (%) (at February 28, 2021) | |
Common Stocks | 97.6 |
Exchange-Traded Equity Funds | 1.1 |
Money Market Funds | 1.3 |
Total | 100.0 |
Equity sector breakdown (%) (at February 28, 2021) | |
Communication Services | 2.1 |
Consumer Discretionary | 15.1 |
Consumer Staples | 3.9 |
Energy | 4.0 |
Financials | 17.2 |
Health Care | 11.8 |
Industrials | 17.6 |
Information Technology | 14.3 |
Materials | 5.0 |
Real Estate | 7.6 |
Utilities | 1.4 |
Total | 100.0 |
4 | Columbia Small Cap Index Fund | Annual Report 2021 |
• | Ten of the eleven sectors of the S&P Small Cap 600 Index posted a positive return during the 12 months ended February 28, 2021. |
• | In terms of total return, consumer discretionary, information technology and materials were the best relative performers. |
• | On the basis of impact, which takes weightings and total returns into account, consumer discretionary, information technology and industrials were the biggest contributors to the Index’s return. |
• | The top performing industries for the annual period on the basis of total return were retail; semiconductors and semiconductor equipment; household and personal products; consumer services; and food and staples retailing sector. |
• | Top individual contributors within the S&P Small Cap 600 Index during the annual period included specialty electronic game and entertainment software retailer GameStop Corp.-Class A; apparel and accessories company Capri Holdings Ltd.; business intelligence software and services provider MicroStrategy Inc.-Class A; shoe manufacturer Crocs, Inc.; and outdoor and recreation products company YETI Holdings, Inc. |
• | Industrials remained the largest sector by weighting in the S&P Small Cap 600 Index as of February 28, 2021, with a weighting of 17.84%. As always, each sector and stock in the S&P Small Cap 600 Index was represented in the fund with approximately the same weighting as in the Index and therefore had a similar effect. |
• | Utilities was by far the weakest sector from a total return perspective, followed by real estate and financials. |
Columbia Small Cap Index Fund | Annual Report 2021 | 5 |
• | On the basis of impact, utilities, real estate and communication services were the weakest sectors. |
• | The worst performing industries for the annual period on the basis of total return were utilities; diversified financials; real estate; insurance; and telecommunication services. |
• | Top individual detractors were mortgage-backed securities and loans real estate investment trust Invesco Mortgage Capital Inc.; Internet-based health insurance seller eHealth, Inc.; specialty finance real estate investment trust Redwood Trust, Inc.; mortgage-backed securities and other mortgage-related financial assets real estate investment trust New York Mortgage Trust, Inc.; and shopping centers real estate investment trust Acadia Realty Trust. |
6 | Columbia Small Cap Index Fund | Annual Report 2021 |
(Unaudited)
September 1, 2020 — February 28, 2021 | |||||||
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 | 1,427.60 | 1,022.31 | 2.68 | 2.23 | 0.45 |
Institutional Class | 1,000.00 | 1,000.00 | 1,429.50 | 1,023.54 | 1.19 | 0.99 | 0.20 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,429.10 | 1,023.54 | 1.19 | 0.99 | 0.20 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,428.70 | 1,023.54 | 1.19 | 0.99 | 0.20 |
Columbia Small Cap Index Fund | Annual Report 2021 | 7 |
February 28, 2021
Common Stocks 97.1% | ||
Issuer | Shares | Value ($) |
Communication Services 2.0% | ||
Diversified Telecommunication Services 0.7% | ||
ATN International, Inc. | 47,966 | 2,334,985 |
Cincinnati Bell, Inc.(a) | 221,610 | 3,386,201 |
Cogent Communications Holdings, Inc. | 183,885 | 11,005,517 |
Consolidated Communications Holdings, Inc.(a) | 319,457 | 1,680,344 |
Vonage Holdings Corp.(a) | 1,020,720 | 13,493,918 |
Total | 31,900,965 | |
Entertainment 0.2% | ||
Glu Mobile, Inc.(a) | 646,794 | 8,071,989 |
Marcus Corp. (The) | 101,179 | 1,987,156 |
Total | 10,059,145 | |
Interactive Media & Services 0.1% | ||
QuinStreet, Inc.(a) | 212,780 | 5,083,314 |
Media 0.8% | ||
AMC Networks, Inc., Class A(a) | 130,108 | 8,533,783 |
EW Scripps Co. (The), Class A | 249,796 | 4,701,161 |
Gannett Co, Inc.(a) | 573,084 | 2,836,766 |
Meredith Corp. | 177,018 | 4,386,506 |
Scholastic Corp. | 130,931 | 3,770,813 |
TechTarget, Inc.(a) | 103,208 | 8,631,285 |
Total | 32,860,314 | |
Wireless Telecommunication Services 0.2% | ||
Shenandoah Telecommunications Co. | 217,985 | 9,667,635 |
Spok Holdings, Inc. | 76,744 | 822,696 |
Total | 10,490,331 | |
Total Communication Services | 90,394,069 | |
Consumer Discretionary 14.6% | ||
Auto Components 1.4% | ||
American Axle & Manufacturing Holdings, Inc.(a) | 495,303 | 4,839,110 |
Cooper Tire & Rubber Co. | 220,268 | 12,608,140 |
Cooper-Standard Holding, Inc.(a) | 73,885 | 2,646,561 |
Dorman Products, Inc.(a) | 125,650 | 12,528,562 |
Gentherm, Inc.(a) | 142,942 | 10,118,864 |
LCI Industries | 109,990 | 15,501,991 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Motorcar Parts of America, Inc.(a) | 83,299 | 1,772,603 |
Standard Motor Products, Inc. | 88,334 | 3,710,911 |
Total | 63,726,742 | |
Automobiles 0.2% | ||
Winnebago Industries, Inc. | 147,594 | 10,272,542 |
Distributors 0.1% | ||
Core-Mark Holding Co., Inc. | 196,428 | 6,399,624 |
Diversified Consumer Services 0.2% | ||
American Public Education, Inc.(a) | 64,755 | 1,906,387 |
Perdoceo Education Corp.(a) | 302,968 | 3,899,198 |
Regis Corp.(a) | 106,049 | 1,246,076 |
Total | 7,051,661 | |
Hotels, Restaurants & Leisure 1.9% | ||
BJ’s Restaurants, Inc.(a) | 97,584 | 5,418,840 |
Bloomin’ Brands, Inc. | 348,470 | 8,655,995 |
Brinker International, Inc. | 198,033 | 13,583,084 |
Cheesecake Factory, Inc. (The) | 183,377 | 10,076,566 |
Chuy’s Holdings, Inc.(a) | 86,119 | 3,530,879 |
Dave & Buster’s Entertainment, Inc.(a) | 207,495 | 8,426,372 |
Dine Brands Global, Inc. | 71,794 | 5,679,623 |
El Pollo Loco Holdings, Inc.(a) | 82,872 | 1,519,044 |
Fiesta Restaurant Group, Inc.(a) | 75,940 | 1,158,844 |
Monarch Casino & Resort, Inc.(a) | 55,900 | 3,782,194 |
Red Robin Gourmet Burgers, Inc.(a) | 67,960 | 2,085,692 |
Ruth’s Hospitality Group, Inc. | 139,308 | 3,176,919 |
Shake Shack, Inc., Class A(a) | 155,871 | 18,467,596 |
Total | 85,561,648 | |
Household Durables 2.4% | ||
Cavco Industries, Inc.(a) | 37,364 | 7,880,441 |
Century Communities, Inc.(a) | 126,874 | 7,019,939 |
Ethan Allen Interiors, Inc. | 95,307 | 2,441,765 |
Installed Building Products, Inc.(a) | 99,035 | 10,830,468 |
iRobot Corp.(a) | 122,989 | 15,264,165 |
La-Z-Boy, Inc. | 201,771 | 8,597,462 |
LGI Homes, Inc.(a) | 96,583 | 10,551,693 |
M/I Homes, Inc.(a) | 125,696 | 6,272,230 |
8 | Columbia Small Cap Index Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
MDC Holdings, Inc. | 224,076 | 12,675,979 |
Meritage Homes Corp.(a) | 164,464 | 13,865,960 |
Tupperware Brands Corp.(a) | 215,025 | 6,573,314 |
Universal Electronics, Inc.(a) | 60,124 | 3,498,616 |
Total | 105,472,032 | |
Internet & Direct Marketing Retail 0.6% | ||
Liquidity Services, Inc.(a) | 114,627 | 1,789,328 |
PetMed Express, Inc. | 88,642 | 3,076,764 |
Shutterstock, Inc. | 96,618 | 8,524,606 |
Stamps.com, Inc.(a) | 79,740 | 14,507,098 |
Total | 27,897,796 | |
Leisure Products 0.6% | ||
Callaway Golf Co. | 411,816 | 11,510,257 |
Sturm Ruger & Co., Inc. | 76,504 | 5,217,573 |
Vista Outdoor, Inc.(a) | 254,645 | 8,049,328 |
Total | 24,777,158 | |
Multiline Retail 0.7% | ||
Big Lots, Inc. | 156,208 | 9,925,456 |
Macy’s, Inc. | 1,356,832 | 20,637,415 |
Total | 30,562,871 | |
Specialty Retail 4.8% | ||
Aaron’s Co., Inc. (The)(a) | 146,794 | 3,223,596 |
Abercrombie & Fitch Co., Class A | 272,814 | 7,466,919 |
America’s Car-Mart, Inc.(a) | 26,847 | 3,624,345 |
Asbury Automotive Group, Inc.(a) | 84,331 | 14,289,888 |
Barnes & Noble Education, Inc.(a) | 131,846 | 853,044 |
Bed Bath & Beyond, Inc. | 550,989 | 14,799,565 |
Boot Barn Holdings, Inc.(a) | 126,225 | 7,626,515 |
Buckle, Inc. (The) | 125,305 | 4,816,724 |
Caleres, Inc. | 165,776 | 2,629,207 |
Cato Corp. (The), Class A | 86,089 | 1,062,338 |
Chico’s FAS, Inc. | 524,355 | 1,410,515 |
Children’s Place, Inc. (The)(a) | 63,784 | 4,417,042 |
Conn’s, Inc.(a) | 84,082 | 1,193,124 |
Designer Brands, Inc. | 257,015 | 3,210,117 |
GameStop Corp., Class A(a) | 239,338 | 24,350,248 |
Genesco, Inc.(a) | 62,285 | 2,799,088 |
Group 1 Automotive, Inc. | 75,276 | 11,475,073 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Guess?, Inc. | 164,144 | 4,138,070 |
Haverty Furniture Companies, Inc. | 73,023 | 2,641,242 |
Hibbett Sports, Inc.(a) | 72,577 | 4,663,798 |
Lumber Liquidators Holdings, Inc.(a) | 126,260 | 3,127,460 |
MarineMax, Inc.(a) | 96,517 | 4,309,484 |
Michaels Companies, Inc. (The)(a) | 322,811 | 4,842,165 |
Monro, Inc. | 145,640 | 9,028,224 |
ODP Corp. (The) | 230,329 | 8,814,691 |
Rent-A-Center, Inc. | 213,180 | 12,313,277 |
Sally Beauty Holdings, Inc.(a) | 493,318 | 7,942,420 |
Shoe Carnival, Inc. | 37,620 | 1,841,875 |
Signet Jewelers Ltd.(a) | 228,860 | 11,392,651 |
Sleep Number Corp.(a) | 121,372 | 16,643,742 |
Sonic Automotive, Inc., Class A | 103,704 | 4,781,791 |
Zumiez, Inc.(a) | 91,332 | 4,117,247 |
Total | 209,845,485 | |
Textiles, Apparel & Luxury Goods 1.7% | ||
Crocs, Inc.(a) | 295,141 | 22,643,218 |
Fossil Group, Inc.(a) | 204,821 | 3,100,990 |
G-III Apparel Group Ltd.(a) | 190,311 | 5,479,054 |
Kontoor Brands, Inc. | 205,113 | 8,666,024 |
Movado Group, Inc. | 72,520 | 1,653,456 |
Oxford Industries, Inc. | 73,793 | 5,625,978 |
Steven Madden Ltd. | 338,305 | 12,513,902 |
Unifi, Inc.(a) | 65,361 | 1,629,450 |
Vera Bradley, Inc.(a) | 96,417 | 914,997 |
Wolverine World Wide, Inc. | 358,872 | 12,542,576 |
Total | 74,769,645 | |
Total Consumer Discretionary | 646,337,204 | |
Consumer Staples 3.8% | ||
Beverages 0.5% | ||
Celsius Holdings, Inc.(a) | 115,924 | 6,900,956 |
Coca-Cola Bottling Co. Consolidated | 20,296 | 5,209,171 |
MGP Ingredients, Inc. | 57,695 | 3,685,557 |
National Beverage Corp. | 101,952 | 4,859,032 |
Total | 20,654,716 |
Columbia Small Cap Index Fund | Annual Report 2021 | 9 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Food & Staples Retailing 0.6% | ||
Andersons, Inc. (The) | 134,107 | 3,505,557 |
PriceSmart, Inc. | 101,926 | 9,830,763 |
SpartanNash Co. | 156,816 | 2,858,756 |
The Chefs’ Warehouse(a) | 142,033 | 4,422,907 |
United Natural Foods, Inc.(a) | 245,078 | 6,482,313 |
Total | 27,100,296 | |
Food Products 1.1% | ||
B&G Foods, Inc. | 280,956 | 8,521,396 |
Calavo Growers, Inc. | 72,575 | 5,461,269 |
Cal-Maine Foods, Inc.(a) | 163,433 | 6,226,797 |
Fresh Del Monte Produce, Inc. | 132,556 | 3,411,991 |
J&J Snack Foods Corp. | 65,475 | 10,394,811 |
John B. Sanfilippo & Son, Inc. | 38,575 | 3,335,195 |
Seneca Foods Corp., Class A(a) | 29,290 | 1,595,133 |
Simply Good Foods Co. (The)(a) | 368,185 | 10,739,956 |
Total | 49,686,548 | |
Household Products 0.6% | ||
Central Garden & Pet Co.(a) | 42,629 | 1,943,883 |
Central Garden & Pet Co., Class A(a) | 170,365 | 7,071,851 |
WD-40 Co. | 59,752 | 18,627,686 |
Total | 27,643,420 | |
Personal Products 0.7% | ||
elf Beauty, Inc.(a) | 167,362 | 4,292,835 |
Inter Parfums, Inc. | 77,227 | 5,650,700 |
Medifast, Inc. | 51,466 | 13,020,383 |
Usana Health Sciences, Inc.(a) | 52,435 | 5,089,341 |
Total | 28,053,259 | |
Tobacco 0.3% | ||
Universal Corp. | 107,195 | 5,447,650 |
Vector Group Ltd. | 556,346 | 7,594,123 |
Total | 13,041,773 | |
Total Consumer Staples | 166,180,012 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Energy 3.8% | ||
Energy Equipment & Services 1.6% | ||
Archrock, Inc. | 561,723 | 5,791,364 |
Bristow Group, Inc.(a) | 101,334 | 2,697,511 |
Core Laboratories NV | 194,561 | 6,914,698 |
DMC Global Inc | 64,601 | 4,069,217 |
Dril-Quip, Inc.(a) | 153,462 | 5,211,569 |
Exterran Corp.(a) | 108,640 | 594,261 |
Helix Energy Solutions Group, Inc.(a) | 617,205 | 3,024,304 |
Helmerich & Payne, Inc. | 470,506 | 13,517,637 |
Matrix Service Co.(a) | 115,740 | 1,570,592 |
Nabors Industries Ltd. | 28,067 | 3,115,718 |
Oceaneering International, Inc.(a) | 434,226 | 5,123,867 |
Oil States International, Inc.(a) | 266,867 | 1,956,135 |
Patterson-UTI Energy, Inc. | 819,845 | 6,066,853 |
ProPetro Holding Corp.(a) | 353,006 | 4,048,979 |
RPC, Inc.(a) | 253,912 | 1,612,341 |
US Silica Holdings, Inc. | 323,357 | 4,303,882 |
Total | 69,618,928 | |
Oil, Gas & Consumable Fuels 2.2% | ||
Bonanza Creek Energy, Inc.(a) | 81,079 | 2,588,852 |
Callon Petroleum Co.(a) | 173,826 | 4,444,731 |
CONSOL Energy, Inc.(a) | 130,741 | 1,413,310 |
Dorian LPG Ltd.(a) | 146,843 | 1,828,195 |
Green Plains, Inc.(a) | 180,434 | 4,568,589 |
Laredo Petroleum, Inc.(a) | 39,367 | 1,282,971 |
Matador Resources Co.(a) | 480,234 | 10,032,088 |
Par Pacific Holdings, Inc.(a) | 174,660 | 3,086,242 |
PBF Energy, Inc., Class A(a) | 420,222 | 5,967,152 |
PDC Energy, Inc.(a) | 435,682 | 15,227,086 |
Penn Virginia Corp.(a) | 66,464 | 973,033 |
QEP Resources, Inc. | 1,059,147 | 3,643,466 |
Range Resources Corp.(a) | 1,120,854 | 10,805,033 |
Renewable Energy Group, Inc.(a) | 171,989 | 13,375,585 |
REX American Resources Corp.(a) | 23,057 | 2,168,972 |
SM Energy Co. | 465,918 | 6,457,624 |
10 | Columbia Small Cap Index Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Southwestern Energy Co.(a) | 2,824,098 | 11,437,597 |
Talos Energy, Inc.(a) | 102,187 | 1,082,160 |
Total | 100,382,686 | |
Total Energy | 170,001,614 | |
Financials 16.8% | ||
Banks 9.4% | ||
Allegiance Bancshares, Inc. | 82,259 | 3,097,051 |
Ameris Bancorp | 303,860 | 14,475,890 |
Banc of California, Inc. | 193,660 | 3,594,330 |
BancFirst Corp. | 81,457 | 5,203,473 |
BankUnited, Inc. | 403,976 | 16,235,795 |
Banner Corp. | 153,725 | 7,959,881 |
Berkshire Hills Bancorp, Inc. | 222,270 | 4,480,963 |
Boston Private Financial Holdings, Inc. | 359,672 | 4,949,087 |
Brookline Bancorp, Inc. | 345,702 | 4,919,340 |
Cadence BanCorp | 550,862 | 11,303,688 |
Central Pacific Financial Corp. | 123,221 | 2,788,491 |
City Holding Co. | 69,035 | 5,192,122 |
Columbia Banking System, Inc. | 313,108 | 13,867,553 |
Community Bank System, Inc. | 234,120 | 16,667,003 |
Customers Bancorp, Inc.(a) | 127,126 | 3,404,434 |
CVB Financial Corp. | 556,969 | 11,924,706 |
Dime Community Bancshares, Inc. | 153,038 | 4,500,848 |
Eagle Bancorp, Inc. | 140,952 | 6,891,143 |
FB Financial Corp. | 136,214 | 5,776,836 |
First BanCorp | 954,238 | 10,009,957 |
First BanCorp | 125,189 | 5,041,361 |
First Commonwealth Financial Corp. | 420,356 | 5,636,974 |
First Financial Bancorp | 428,598 | 9,613,453 |
First Hawaiian, Inc. | 571,890 | 15,950,012 |
First Midwest Bancorp, Inc. | 499,802 | 9,886,084 |
Great Western Bancorp, Inc. | 240,561 | 6,454,252 |
Hanmi Financial Corp. | 134,328 | 2,299,695 |
Heritage Financial Corp. | 157,022 | 4,065,300 |
Hilltop Holdings, Inc. | 283,830 | 9,377,743 |
Hope Bancorp, Inc. | 538,977 | 7,092,937 |
Independent Bank Corp. | 144,144 | 12,325,753 |
Independent Bank Group, Inc. | 160,742 | 11,202,110 |
Investors Bancorp, Inc. | 994,451 | 13,265,976 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
National Bank Holdings Corp., Class A | 133,820 | 5,185,525 |
NBT Bancorp, Inc. | 190,757 | 6,911,126 |
OFG Bancorp | 224,522 | 4,335,520 |
Old National Bancorp | 722,943 | 13,106,957 |
Pacific Premier Bancorp, Inc. | 412,717 | 16,632,495 |
Park National Corp. | 62,062 | 7,695,688 |
Preferred Bank | 59,297 | 3,436,261 |
Renasant Corp. | 245,721 | 9,651,921 |
S&T Bancorp, Inc. | 171,893 | 4,964,270 |
Seacoast Banking Corp. of Florida(a) | 241,235 | 8,672,398 |
ServisFirst Bancshares, Inc. | 205,104 | 10,164,954 |
Simmons First National Corp., Class A | 475,945 | 13,935,670 |
Southside Bancshares, Inc. | 137,382 | 4,750,670 |
Tompkins Financial Corp. | 52,883 | 4,089,442 |
Triumph Bancorp, Inc.(a) | 98,889 | 7,584,786 |
United Community Banks, Inc. | 378,759 | 12,521,773 |
Veritex Holdings, Inc. | 217,150 | 6,314,722 |
Westamerica BanCorp | 117,489 | 7,062,264 |
Total | 416,470,683 | |
Capital Markets 0.9% | ||
Blucora, Inc.(a) | 210,079 | 3,403,280 |
BrightSphere Investment Group, Inc. | 261,982 | 4,741,874 |
Donnelley Financial Solutions, Inc.(a) | 129,884 | 3,375,685 |
Greenhill & Co., Inc. | 62,218 | 938,870 |
Piper Sandler Companies | 60,128 | 6,392,809 |
StoneX Group, Inc.(a) | 71,139 | 4,104,009 |
Virtus Investment Partners, Inc. | 31,292 | 7,851,163 |
Waddell & Reed Financial, Inc., Class A | 273,334 | 6,857,950 |
WisdomTree Investments, Inc. | 487,928 | 2,586,018 |
Total | 40,251,658 | |
Consumer Finance 0.7% | ||
Encore Capital Group, Inc.(a) | 137,061 | 4,580,579 |
Enova International, Inc.(a) | 155,955 | 4,787,818 |
Ezcorp, Inc., Class A(a) | 227,806 | 1,093,469 |
Green Dot Corp., Class A(a) | 233,849 | 11,051,704 |
PRA Group, Inc.(a) | 199,305 | 7,346,382 |
World Acceptance Corp.(a) | 17,431 | 2,205,893 |
Total | 31,065,845 |
Columbia Small Cap Index Fund | Annual Report 2021 | 11 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Insurance 2.7% | ||
Ambac Financial Group, Inc.(a) | 200,307 | 3,395,204 |
American Equity Investment Life Holding Co. | 402,358 | 11,117,151 |
AMERISAFE, Inc. | 84,528 | 4,946,579 |
Assured Guaranty Ltd. | 353,039 | 15,611,385 |
eHealth, Inc.(a) | 113,238 | 6,728,602 |
Employers Holdings, Inc. | 126,899 | 4,224,468 |
HCI Group, Inc. | 26,875 | 1,555,256 |
Horace Mann Educators Corp. | 181,084 | 6,978,977 |
James River Group Holdings Ltd. | 133,847 | 6,144,916 |
Mr. Cooper Group, Inc.(a) | 313,845 | 9,870,425 |
Palomar Holdings, Inc.(a) | 94,848 | 8,074,410 |
ProAssurance Corp. | 235,642 | 5,832,139 |
Safety Insurance Group, Inc. | 61,870 | 4,892,680 |
SiriusPoint Ltd.(a) | 372,393 | 3,802,132 |
Stewart Information Services Corp. | 116,833 | 5,514,518 |
Trupanion, Inc.(a) | 143,128 | 13,849,065 |
United Fire Group, Inc. | 94,128 | 2,772,070 |
United Insurance Holdings Corp. | 90,419 | 562,406 |
Universal Insurance Holdings, Inc. | 124,681 | 1,856,500 |
Total | 117,728,883 | |
Mortgage Real Estate Investment Trusts (REITS) 1.0% | ||
Apollo Commercial Real Estate Finance, Inc. | 564,392 | 7,500,770 |
ARMOUR Residential REIT, Inc. | 283,041 | 3,416,305 |
Capstead Mortgage Corp. | 421,877 | 2,417,355 |
Granite Point Mortgage Trust, Inc. | 241,392 | 2,693,935 |
Invesco Mortgage Capital, Inc. | 793,089 | 3,085,116 |
KKR Real Estate Finance Trust, Inc. | 118,895 | 2,191,235 |
New York Mortgage Trust, Inc. | 1,651,741 | 6,887,760 |
PennyMac Mortgage Investment Trust | 431,969 | 8,194,452 |
Ready Capital Corp. | 178,624 | 2,343,547 |
Redwood Trust, Inc. | 489,422 | 4,815,912 |
Total | 43,546,387 | |
Thrifts & Mortgage Finance 2.1% | ||
Axos Financial, Inc.(a) | 224,619 | 10,393,121 |
Capitol Federal Financial, Inc. | 564,410 | 7,512,297 |
Flagstar Bancorp, Inc. | 206,859 | 8,975,612 |
HomeStreet, Inc. | 95,271 | 4,092,842 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Meta Financial Group, Inc. | 146,252 | 6,477,501 |
NMI Holdings, Inc., Class A(a) | 370,857 | 8,477,791 |
Northfield Bancorp, Inc. | 209,059 | 2,862,018 |
Northwest Bancshares, Inc. | 558,829 | 7,890,666 |
Provident Financial Services, Inc. | 318,782 | 6,448,960 |
TrustCo Bank Corp. | 421,668 | 2,901,076 |
Walker & Dunlop, Inc. | 126,987 | 12,655,524 |
WSFS Financial Corp. | 221,251 | 11,757,278 |
Total | 90,444,686 | |
Total Financials | 739,508,142 | |
Health Care 11.5% | ||
Biotechnology 1.2% | ||
Anika Therapeutics, Inc.(a) | 62,157 | 2,281,162 |
Coherus Biosciences, Inc.(a) | 277,236 | 4,502,313 |
Cytokinetics, Inc.(a) | 309,492 | 5,796,785 |
Eagle Pharmaceuticals, Inc.(a) | 50,708 | 2,256,506 |
Enanta Pharmaceuticals, Inc.(a) | 78,141 | 3,853,914 |
Myriad Genetics, Inc.(a) | 328,867 | 10,027,155 |
REGENXBIO, Inc.(a) | 149,404 | 6,112,117 |
Spectrum Pharmaceuticals, Inc.(a) | 638,065 | 2,188,563 |
Vanda Pharmaceuticals, Inc.(a) | 239,149 | 4,460,129 |
Xencor, Inc.(a) | 251,230 | 12,378,102 |
Total | 53,856,746 | |
Health Care Equipment & Supplies 3.0% | ||
Angiodynamics, Inc.(a) | 165,955 | 3,476,757 |
Cardiovascular Systems, Inc.(a) | 175,452 | 7,246,168 |
CONMED Corp. | 125,066 | 15,390,622 |
CryoLife, Inc.(a) | 169,908 | 4,290,177 |
Cutera, Inc.(a) | 77,103 | 2,723,278 |
Glaukos Corp.(a) | 196,599 | 18,590,401 |
Heska Corp.(a) | 38,863 | 7,321,789 |
Inogen, Inc.(a) | 80,273 | 4,213,530 |
Integer Holdings Corp.(a) | 143,751 | 12,677,401 |
Invacare Corp. | 150,472 | 1,369,295 |
Lantheus Holdings, Inc.(a) | 292,403 | 5,462,088 |
LeMaitre Vascular, Inc. | 73,827 | 3,793,970 |
Meridian Bioscience, Inc.(a) | 188,356 | 3,970,544 |
Merit Medical Systems, Inc.(a) | 213,741 | 11,909,649 |
Mesa Laboratories, Inc. | 21,264 | 5,781,894 |
12 | Columbia Small Cap Index Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Natus Medical, Inc.(a) | 148,093 | 3,837,090 |
OraSure Technologies, Inc.(a) | 313,663 | 3,324,828 |
Orthofix Medical, Inc.(a) | 84,541 | 3,932,002 |
SurModics, Inc.(a) | 59,800 | 3,118,570 |
Tactile Systems Technology, Inc.(a) | 84,939 | 4,316,600 |
Varex Imaging Corp.(a) | 171,408 | 3,930,385 |
Zynex, Inc.(a) | 85,070 | 1,235,216 |
Total | 131,912,254 | |
Health Care Providers & Services 3.7% | ||
Addus HomeCare Corp.(a) | 65,671 | 7,064,229 |
AMN Healthcare Services, Inc.(a) | 205,650 | 14,985,716 |
Community Health Systems, Inc.(a) | 491,677 | 4,208,755 |
Corvel Corp.(a) | 39,913 | 4,051,170 |
Covetrus, Inc.(a) | 433,360 | 16,103,658 |
Cross Country Healthcare, Inc.(a) | 152,752 | 1,697,075 |
Ensign Group, Inc. (The) | 222,950 | 18,286,359 |
Fulgent Genetics, Inc.(a) | 57,316 | 5,803,818 |
Hanger, Inc.(a) | 166,637 | 3,662,681 |
Magellan Health, Inc.(a) | 99,654 | 9,299,711 |
Mednax, Inc.(a) | 374,290 | 9,143,905 |
ModivCare, Inc.(a) | 53,959 | 6,920,781 |
Owens & Minor, Inc. | 321,442 | 10,932,242 |
Pennant Group, Inc. (The)(a) | 110,938 | 5,855,308 |
R1 RCM, Inc.(a) | 510,122 | 14,099,772 |
RadNet, Inc.(a) | 187,402 | 3,455,693 |
Select Medical Holdings Corp.(a) | 471,417 | 14,920,348 |
Tivity Health, Inc.(a) | 163,701 | 3,896,084 |
U.S. Physical Therapy, Inc. | 56,189 | 6,587,598 |
Total | 160,974,903 | |
Health Care Technology 1.5% | ||
Allscripts Healthcare Solutions, Inc.(a) | 690,800 | 10,659,044 |
Computer Programs & Systems, Inc. | 55,207 | 1,736,260 |
HealthStream, Inc.(a) | 110,813 | 2,581,943 |
HMS Holdings Corp.(a) | 387,207 | 14,243,409 |
NextGen Healthcare, Inc.(a) | 242,198 | 4,529,103 |
Omnicell, Inc.(a) | 184,994 | 23,475,739 |
Simulations Plus, Inc. | 66,238 | 4,750,589 |
Tabula Rasa HealthCare, Inc.(a) | 94,814 | 3,844,708 |
Total | 65,820,795 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Life Sciences Tools & Services 0.7% | ||
Luminex Corp. | 189,197 | 6,152,687 |
NeoGenomics, Inc.(a) | 485,495 | 24,745,680 |
Total | 30,898,367 | |
Pharmaceuticals 1.4% | ||
Amphastar Pharmaceuticals, Inc.(a) | 159,943 | 2,803,801 |
ANI Pharmaceuticals, Inc.(a) | 42,115 | 1,225,546 |
Collegium Pharmaceutical, Inc.(a) | 151,215 | 3,567,162 |
Corcept Therapeutics, Inc.(a) | 457,185 | 11,498,203 |
Endo International PLC(a) | 1,006,986 | 7,985,399 |
Innoviva, Inc.(a) | 274,878 | 3,141,856 |
Lannett Co., Inc.(a) | 149,491 | 905,915 |
Pacira Pharmaceuticals, Inc.(a) | 189,965 | 13,962,427 |
Phibro Animal Health Corp., Class A | 88,712 | 1,913,518 |
Prestige Consumer Healthcare, Inc.(a) | 219,087 | 9,138,119 |
Supernus Pharmaceuticals, Inc.(a) | 230,373 | 6,190,122 |
Total | 62,332,068 | |
Total Health Care | 505,795,133 | |
Industrials 17.1% | ||
Aerospace & Defense 1.5% | ||
AAR Corp. | 145,097 | 5,771,959 |
Aerojet Rocketdyne Holdings, Inc.(a) | 314,260 | 16,112,110 |
Aerovironment, Inc.(a) | 95,912 | 10,557,993 |
Cubic Corp. | 137,843 | 9,573,196 |
Kaman Corp. | 121,022 | 5,888,931 |
Moog, Inc., Class A | 128,368 | 9,969,059 |
National Presto Industries, Inc. | 22,725 | 2,325,449 |
Park Aerospace Corp. | 81,989 | 1,138,827 |
Triumph Group, Inc. | 227,863 | 3,319,964 |
Total | 64,657,488 | |
Air Freight & Logistics 0.6% | ||
Atlas Air Worldwide Holdings, Inc.(a) | 114,306 | 6,301,690 |
Echo Global Logistics, Inc.(a) | 116,347 | 3,241,427 |
Forward Air Corp. | 120,283 | 10,316,673 |
HUB Group, Inc., Class A(a) | 146,457 | 8,432,994 |
Total | 28,292,784 |
Columbia Small Cap Index Fund | Annual Report 2021 | 13 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Airlines 0.7% | ||
Allegiant Travel Co. | 57,331 | 14,458,305 |
Hawaiian Holdings, Inc.(a) | 201,159 | 5,395,084 |
Skywest, Inc. | 219,245 | 12,358,841 |
Total | 32,212,230 | |
Building Products 2.1% | ||
AAON, Inc. | 178,180 | 13,737,678 |
American Woodmark Corp.(a) | 74,304 | 6,940,737 |
Apogee Enterprises, Inc. | 115,377 | 4,315,100 |
Gibraltar Industries, Inc.(a) | 142,207 | 12,421,781 |
Griffon Corp. | 196,332 | 4,829,767 |
Insteel Industries, Inc. | 84,418 | 2,606,828 |
Patrick Industries, Inc. | 96,029 | 7,579,569 |
PGT, Inc.(a) | 257,824 | 6,082,068 |
Quanex Building Products Corp. | 143,445 | 3,490,017 |
Resideo Technologies, Inc.(a) | 614,335 | 14,756,327 |
UFP Industries, Inc. | 267,549 | 16,320,489 |
Total | 93,080,361 | |
Commercial Services & Supplies 2.0% | ||
ABM Industries, Inc. | 291,599 | 12,591,245 |
Brady Corp., Class A | 211,968 | 11,109,243 |
CoreCivic, Inc. | 523,117 | 3,755,980 |
Deluxe Corp. | 183,188 | 7,241,422 |
Harsco Corp.(a) | 345,072 | 5,645,378 |
HNI Corp. | 186,484 | 6,636,966 |
Interface, Inc. | 256,539 | 3,186,214 |
Matthews International Corp., Class A | 139,015 | 4,962,835 |
Pitney Bowes, Inc. | 756,945 | 6,418,894 |
Team, Inc.(a) | 133,925 | 1,485,228 |
Unifirst Corp. | 66,595 | 16,135,302 |
US Ecology, Inc.(a) | 137,791 | 5,264,994 |
Viad Corp. | 89,324 | 3,737,316 |
Total | 88,171,017 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Construction & Engineering 0.8% | ||
Aegion Corp.(a) | 134,559 | 3,478,350 |
Arcosa, Inc. | 211,055 | 11,973,150 |
Comfort Systems U.S.A., Inc. | 159,143 | 9,857,318 |
Granite Construction, Inc. | 204,382 | 7,026,653 |
MYR Group, Inc.(a) | 73,141 | 4,311,662 |
Total | 36,647,133 | |
Electrical Equipment 0.5% | ||
AZZ, Inc. | 114,021 | 5,825,333 |
Encore Wire Corp. | 90,216 | 5,911,854 |
Powell Industries, Inc. | 38,599 | 1,201,587 |
Vicor Corp.(a) | 92,335 | 9,094,074 |
Total | 22,032,848 | |
Industrial Conglomerates 0.1% | ||
Raven Industries, Inc. | 156,777 | 6,145,658 |
Machinery 5.7% | ||
Alamo Group, Inc. | 43,112 | 6,580,185 |
Albany International Corp., Class A | 134,240 | 10,611,672 |
Astec Industries, Inc. | 98,861 | 6,714,639 |
Barnes Group, Inc. | 203,624 | 10,659,716 |
Chart Industries, Inc.(a) | 154,354 | 22,086,514 |
CIRCOR International, Inc.(a) | 87,444 | 3,113,881 |
Enerpac Tool Group Corp. | 261,598 | 6,461,471 |
EnPro Industries, Inc. | 89,797 | 7,214,291 |
ESCO Technologies, Inc. | 113,855 | 12,031,058 |
Federal Signal Corp. | 264,646 | 9,635,761 |
Franklin Electric Co., Inc. | 167,681 | 12,586,136 |
Greenbrier Companies, Inc. (The) | 143,528 | 6,752,992 |
Hillenbrand, Inc. | 326,982 | 15,191,584 |
John Bean Technologies Corp. | 138,740 | 20,473,862 |
Lindsay Corp. | 47,509 | 7,613,317 |
Lydall, Inc.(a) | 73,663 | 2,565,682 |
Meritor, Inc.(a) | 316,195 | 9,602,842 |
Mueller Industries, Inc. | 249,591 | 10,143,378 |
Proto Labs, Inc.(a) | 116,986 | 17,042,520 |
SPX Corp.(a) | 195,820 | 10,885,634 |
SPX FLOW, Inc.(a) | 184,587 | 11,363,176 |
Standex International Corp. | 54,133 | 5,308,282 |
14 | Columbia Small Cap Index Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Tennant Co. | 80,776 | 6,155,131 |
Titan International, Inc. | 220,072 | 1,819,995 |
Wabash National Corp. | 231,532 | 3,838,801 |
Watts Water Technologies, Inc., Class A | 119,959 | 13,686,122 |
Total | 250,138,642 | |
Marine 0.4% | ||
Matson, Inc. | 188,369 | 13,048,321 |
SEACOR Holdings, Inc.(a) | 83,735 | 3,559,575 |
Total | 16,607,896 | |
Professional Services 1.1% | ||
Exponent, Inc. | 225,760 | 21,779,067 |
Forrester Research, Inc.(a) | 48,095 | 2,172,932 |
Heidrick & Struggles International, Inc. | 84,654 | 3,038,232 |
Kelly Services, Inc., Class A(a) | 145,864 | 3,036,888 |
Korn/Ferry International | 236,792 | 14,574,548 |
Resources Connection, Inc. | 133,309 | 1,701,023 |
TrueBlue, Inc.(a) | 155,111 | 3,230,962 |
Total | 49,533,652 | |
Road & Rail 0.9% | ||
ArcBest Corp. | 111,100 | 6,553,789 |
Heartland Express, Inc. | 215,514 | 3,922,355 |
Marten Transport Ltd. | 256,690 | 4,153,244 |
Saia, Inc.(a) | 114,371 | 22,934,817 |
Total | 37,564,205 | |
Trading Companies & Distributors 0.7% | ||
Applied Industrial Technologies, Inc. | 169,484 | 14,468,849 |
DXP Enterprises, Inc.(a) | 71,570 | 2,149,963 |
GMS, Inc.(a) | 186,629 | 6,830,622 |
NOW, Inc.(a) | 478,280 | 5,084,116 |
Veritiv Corp.(a) | 54,209 | 1,289,090 |
Total | 29,822,640 | |
Total Industrials | 754,906,554 | |
Information Technology 13.8% | ||
Communications Equipment 1.1% | ||
ADTRAN, Inc. | 209,695 | 3,531,264 |
Applied Optoelectronics, Inc.(a) | 92,429 | 861,901 |
CalAmp Corp.(a) | 153,130 | 1,710,462 |
Comtech Telecommunications Corp. | 109,360 | 2,939,597 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Digi International, Inc.(a) | 127,865 | 2,986,926 |
Extreme Networks, Inc.(a) | 537,892 | 4,932,470 |
Harmonic, Inc.(a) | 427,418 | 3,310,352 |
NETGEAR, Inc.(a) | 132,413 | 5,296,520 |
Plantronics, Inc.(a) | 164,126 | 6,645,462 |
Viavi Solutions, Inc.(a) | 1,001,310 | 16,206,202 |
Total | 48,421,156 | |
Electronic Equipment, Instruments & Components 3.6% | ||
Arlo Technologies, Inc.(a) | 345,601 | 2,405,383 |
Badger Meter, Inc. | 127,318 | 13,825,462 |
Bel Fuse, Inc., Class B | 44,662 | 792,750 |
Benchmark Electronics, Inc. | 159,492 | 4,529,573 |
CTS Corp. | 141,097 | 4,539,090 |
Daktronics, Inc. | 161,229 | 872,249 |
ePlus, Inc.(a) | 59,061 | 5,584,808 |
Fabrinet(a) | 161,517 | 14,266,796 |
FARO Technologies, Inc.(a) | 77,986 | 7,288,571 |
Insight Enterprises, Inc.(a) | 153,471 | 12,828,641 |
Itron, Inc.(a) | 176,642 | 20,709,508 |
Knowles Corp.(a) | 400,858 | 8,333,838 |
Methode Electronics, Inc. | 164,105 | 6,388,608 |
MTS Systems Corp. | 84,292 | 4,919,281 |
OSI Systems, Inc.(a) | 72,877 | 6,895,622 |
PC Connection, Inc. | 48,071 | 2,211,747 |
Plexus Corp.(a) | 126,033 | 10,584,251 |
Rogers Corp.(a) | 81,664 | 14,820,383 |
Sanmina Corp.(a) | 284,511 | 10,134,282 |
Scansource, Inc.(a) | 110,912 | 3,154,337 |
TTM Technologies, Inc.(a) | 434,073 | 6,129,111 |
Total | 161,214,291 | |
IT Services 1.9% | ||
BM Technologies, Inc.(a) | 18,702 | 235,645 |
Cardtronics PLC, Class A(a) | 155,593 | 5,998,110 |
CSG Systems International, Inc. | 144,061 | 6,648,415 |
EVERTEC, Inc. | 260,972 | 10,151,811 |
ExlService Holdings, Inc.(a) | 147,839 | 12,510,136 |
Mantech International Corp., Class A | 118,849 | 9,289,238 |
NIC, Inc. | 293,103 | 10,173,605 |
Perficient, Inc.(a) | 144,332 | 8,037,849 |
Columbia Small Cap Index Fund | Annual Report 2021 | 15 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sykes Enterprises, Inc.(a) | 173,008 | 7,069,107 |
TTEC Holdings, Inc. | 79,699 | 6,705,874 |
Unisys Corp.(a) | 275,643 | 6,767,036 |
Total | 83,586,826 | |
Semiconductors & Semiconductor Equipment 3.8% | ||
Advanced Energy Industries, Inc. | 167,354 | 17,480,125 |
Axcelis Technologies, Inc.(a) | 146,466 | 5,400,201 |
Ceva, Inc.(a) | 97,291 | 5,957,128 |
Cohu, Inc.(a) | 183,503 | 7,973,205 |
Diodes, Inc.(a) | 184,325 | 14,473,199 |
DSP Group, Inc.(a) | 95,959 | 1,494,082 |
Formfactor, Inc.(a) | 338,390 | 15,352,754 |
Ichor Holdings Ltd.(a) | 101,279 | 4,330,690 |
Kulicke & Soffa Industries, Inc. | 271,231 | 13,523,578 |
MaxLinear, Inc., Class A(a) | 295,123 | 11,737,042 |
Onto Innovation, Inc.(a) | 213,521 | 13,336,522 |
PDF Solutions, Inc.(a) | 128,136 | 2,352,577 |
Photronics, Inc.(a) | 286,942 | 3,417,479 |
Power Integrations, Inc. | 261,751 | 23,130,936 |
Rambus, Inc.(a) | 498,145 | 10,451,082 |
SMART Global Holdings, Inc.(a) | 60,865 | 2,841,787 |
Ultra Clean Holdings, Inc.(a) | 177,092 | 8,213,527 |
Veeco Instruments, Inc.(a) | 216,936 | 4,664,124 |
Total | 166,130,038 | |
Software 2.9% | ||
8x8, Inc.(a) | 464,904 | 15,904,366 |
Agilysys, Inc.(a) | 88,713 | 5,286,408 |
Alarm.com Holdings, Inc.(a) | 195,422 | 17,173,685 |
Bottomline Technologies de, Inc.(a) | 171,469 | 7,695,529 |
Ebix, Inc. | 102,897 | 2,508,629 |
LivePerson, Inc.(a) | 271,992 | 17,848,115 |
MicroStrategy, Inc., Class A(a) | 31,715 | 23,799,253 |
OneSpan, Inc.(a) | 149,250 | 3,486,480 |
Progress Software Corp. | 197,215 | 8,389,526 |
SPS Commerce, Inc.(a) | 154,394 | 15,552,108 |
Xperi Holding Corp. | 462,224 | 9,752,926 |
Total | 127,397,025 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Technology Hardware, Storage & Peripherals 0.5% | ||
3D Systems Corp.(a) | 542,829 | 19,454,991 |
Diebold, Inc.(a) | 339,659 | 4,931,849 |
Total | 24,386,840 | |
Total Information Technology | 611,136,176 | |
Materials 4.9% | ||
Chemicals 2.8% | ||
AdvanSix, Inc.(a) | 122,565 | 3,407,307 |
American Vanguard Corp. | 116,546 | 2,274,978 |
Balchem Corp. | 141,460 | 16,884,666 |
Ferro Corp.(a) | 359,830 | 5,710,502 |
FutureFuel Corp. | 112,851 | 1,656,653 |
GCP Applied Technologies(a) | 210,842 | 5,226,773 |
Hawkins, Inc. | 41,528 | 2,599,653 |
HB Fuller Co. | 226,223 | 12,684,324 |
Innospec, Inc. | 107,480 | 10,796,366 |
Koppers Holdings, Inc.(a) | 92,110 | 3,077,395 |
Kraton Performance Polymers, Inc.(a) | 139,365 | 5,182,984 |
Livent Corp.(a) | 639,731 | 11,911,791 |
Quaker Chemical Corp. | 57,700 | 16,293,326 |
Rayonier Advanced Materials, Inc.(a) | 276,985 | 2,562,111 |
Stepan Co. | 93,303 | 11,260,739 |
Tredegar Corp. | 112,786 | 1,718,859 |
Trinseo SA | 167,516 | 10,839,960 |
Total | 124,088,387 | |
Construction Materials 0.1% | ||
U.S. Concrete, Inc.(a) | 69,272 | 3,564,737 |
Containers & Packaging 0.1% | ||
Myers Industries, Inc. | 156,650 | 3,468,231 |
Metals & Mining 1.3% | ||
Allegheny Technologies, Inc.(a) | 554,522 | 10,901,902 |
Arconic Corp.(a) | 424,755 | 9,310,630 |
Carpenter Technology Corp. | 209,966 | 8,537,218 |
Century Aluminum Co.(a) | 219,120 | 3,008,518 |
Haynes International, Inc. | 55,192 | 1,541,513 |
Kaiser Aluminum Corp. | 69,140 | 7,888,874 |
Materion Corp. | 88,883 | 6,086,708 |
Olympic Steel, Inc. | 39,710 | 708,426 |
16 | Columbia Small Cap Index Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
SunCoke Energy, Inc. | 361,915 | 2,312,637 |
TimkenSteel Corp.(a) | 165,844 | 1,340,019 |
Warrior Met Coal, Inc. | 223,818 | 4,290,591 |
Total | 55,927,036 | |
Paper & Forest Products 0.6% | ||
Boise Cascade Co. | 171,412 | 8,560,315 |
Clearwater Paper Corp.(a) | 72,468 | 2,537,105 |
Glatfelter Corp. | 194,006 | 3,113,796 |
Mercer International, Inc. | 172,811 | 2,656,105 |
Neenah, Inc. | 73,469 | 4,064,305 |
Schweitzer-Mauduit International, Inc. | 136,964 | 6,396,219 |
Total | 27,327,845 | |
Total Materials | 214,376,236 | |
Real Estate 7.4% | ||
Equity Real Estate Investment Trusts (REITS) 6.9% | ||
Acadia Realty Trust | 377,220 | 7,133,230 |
Agree Realty Corp. | 255,236 | 16,478,036 |
Alexander & Baldwin, Inc. | 316,379 | 5,527,141 |
American Assets Trust, Inc. | 218,785 | 6,799,838 |
Armada Hoffler Properties, Inc. | 253,325 | 3,270,426 |
Brandywine Realty Trust | 745,856 | 9,121,819 |
CareTrust REIT, Inc. | 418,620 | 9,284,992 |
Centerspace | 56,739 | 3,893,998 |
Chatham Lodging Trust | 205,392 | 2,861,111 |
Community Healthcare Trust, Inc. | 96,304 | 4,221,004 |
DiamondRock Hospitality Co.(a) | 872,426 | 8,828,951 |
Diversified Healthcare Trust | 1,041,862 | 4,688,379 |
Easterly Government Properties, Inc. | 355,195 | 7,807,186 |
Essential Properties Realty Trust, Inc. | 457,694 | 10,618,501 |
Four Corners Property Trust, Inc. | 321,149 | 8,699,926 |
Franklin Street Properties Corp. | 422,377 | 2,094,990 |
GEO Group, Inc. (The) | 530,468 | 3,819,370 |
Getty Realty Corp. | 157,227 | 4,399,211 |
Global Net Lease, Inc. | 391,278 | 7,269,945 |
Hersha Hospitality Trust(a) | 159,656 | 1,775,375 |
Independence Realty Trust, Inc. | 414,702 | 5,822,416 |
Industrial Logistics Properties Trust | 285,538 | 6,073,393 |
Innovative Industrial Properties, Inc. | 96,959 | 18,907,005 |
iStar, Inc. | 323,475 | 5,731,977 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Kite Realty Group Trust | 368,194 | 7,058,279 |
Lexington Realty Trust | 1,211,018 | 12,982,113 |
LTC Properties, Inc. | 171,591 | 7,019,788 |
Mack-Cali Realty Corp. | 376,819 | 5,264,161 |
National Storage Affiliates Trust | 272,321 | 10,497,975 |
NexPoint Residential Trust, Inc. | 96,834 | 3,974,067 |
Office Properties Income Trust | 211,278 | 5,343,221 |
Retail Opportunity Investments Corp. | 515,994 | 8,157,865 |
Retail Properties of America, Inc., Class A | 936,853 | 9,865,062 |
RPT Realty | 354,018 | 3,883,577 |
Safehold, Inc. | 62,674 | 4,778,893 |
Saul Centers, Inc. | 56,276 | 1,993,296 |
SITE Centers Corp. | 659,009 | 8,791,180 |
Summit Hotel Properties, Inc.(a) | 462,176 | 4,783,522 |
Tanger Factory Outlet Centers, Inc. | 408,637 | 6,431,946 |
Uniti Group, Inc. | 1,017,729 | 12,121,152 |
Universal Health Realty Income Trust | 56,001 | 3,469,262 |
Urstadt Biddle Properties, Inc., Class A | 131,153 | 2,114,186 |
Washington Real Estate Investment Trust | 360,184 | 8,111,344 |
Whitestone REIT | 174,087 | 1,627,713 |
Xenia Hotels & Resorts, Inc. | 497,306 | 9,931,201 |
Total | 303,328,023 | |
Real Estate Management & Development 0.5% | ||
Marcus & Millichap, Inc.(a) | 105,028 | 3,977,410 |
RE/MAX Holdings, Inc., Class A | 81,143 | 3,385,286 |
Realogy Holdings Corp.(a) | 504,853 | 7,613,183 |
St. Joe Co. (The) | 136,462 | 6,868,133 |
Total | 21,844,012 | |
Total Real Estate | 325,172,035 | |
Utilities 1.4% | ||
Gas Utilities 0.6% | ||
Chesapeake Utilities Corp. | 76,351 | 8,072,591 |
Northwest Natural Holding Co. | 133,667 | 6,414,680 |
South Jersey Industries, Inc. | 439,845 | 11,044,508 |
Total | 25,531,779 | |
Multi-Utilities 0.3% | ||
Avista Corp. | 300,558 | 12,085,437 |
Columbia Small Cap Index Fund | Annual Report 2021 | 17 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Water Utilities 0.5% | ||
American States Water Co. | 161,303 | 11,783,184 |
California Water Service Group | 217,933 | 11,975,418 |
Total | 23,758,602 | |
Total Utilities | 61,375,818 | |
Total Common Stocks (Cost $2,551,859,794) | 4,285,182,993 | |
Exchange-Traded Equity Funds 1.1% | ||
Shares | Value ($) | |
U.S. Small Cap 1.1% | ||
iShares Core S&P Small-Cap ETF | 447,875 | 47,067,184 |
Total Exchange-Traded Equity Funds (Cost $30,910,919) | 47,067,184 | |
Money Market Funds 1.3% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.086%(b),(c) | 56,771,279 | 56,765,602 |
Total Money Market Funds (Cost $56,765,594) | 56,765,602 | |
Total Investments in Securities (Cost: $2,639,536,307) | 4,389,015,779 | |
Other Assets & Liabilities, Net | 23,383,542 | |
Net Assets | 4,412,399,321 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
Russell 2000 Index E-mini | 325 | 03/2021 | USD | 35,737,000 | 2,622,161 | — |
Russell 2000 Index E-mini | 395 | 03/2021 | USD | 43,434,200 | — | (1,507,575) |
Total | 2,622,161 | (1,507,575) |
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at February 28, 2021. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended February 28, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.086% | ||||||||
4,270,988 | 1,034,920,370 | (982,425,337) | (419) | 56,765,602 | 8,589 | 75,320 | 56,771,279 |
USD | US Dollar |
18 | Columbia Small Cap Index Fund | Annual Report 2021 |
February 28, 2021
■ | 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 | 90,394,069 | — | — | 90,394,069 |
Consumer Discretionary | 646,337,204 | — | — | 646,337,204 |
Consumer Staples | 166,180,012 | — | — | 166,180,012 |
Energy | 170,001,614 | — | — | 170,001,614 |
Financials | 739,508,142 | — | — | 739,508,142 |
Health Care | 505,795,133 | — | — | 505,795,133 |
Industrials | 754,906,554 | — | — | 754,906,554 |
Information Technology | 611,136,176 | — | — | 611,136,176 |
Materials | 214,376,236 | — | — | 214,376,236 |
Real Estate | 325,172,035 | — | — | 325,172,035 |
Utilities | 61,375,818 | — | — | 61,375,818 |
Total Common Stocks | 4,285,182,993 | — | — | 4,285,182,993 |
Exchange-Traded Equity Funds | 47,067,184 | — | — | 47,067,184 |
Money Market Funds | 56,765,602 | — | — | 56,765,602 |
Total Investments in Securities | 4,389,015,779 | — | — | 4,389,015,779 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 2,622,161 | — | — | 2,622,161 |
Liability | ||||
Futures Contracts | (1,507,575) | — | — | (1,507,575) |
Total | 4,390,130,365 | — | — | 4,390,130,365 |
Columbia Small Cap Index Fund | Annual Report 2021 | 19 |
February 28, 2021
See the Portfolio of Investments for all investment classifications not indicated in the table.
20 | Columbia Small Cap Index Fund | Annual Report 2021 |
February 28, 2021
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $2,582,770,713) | $4,332,250,177 |
Affiliated issuers (cost $56,765,594) | 56,765,602 |
Margin deposits on: | |
Futures contracts | 6,526,000 |
Receivable for: | |
Investments sold | 26,787,957 |
Capital shares sold | 6,419,034 |
Dividends | 2,163,642 |
Expense reimbursement due from Investment Manager | 160 |
Total assets | 4,430,912,572 |
Liabilities | |
Payable for: | |
Investments purchased | 12,752,961 |
Capital shares purchased | 5,424,422 |
Variation margin for futures contracts | 31,924 |
Management services fees | 24,250 |
Distribution and/or service fees | 8,123 |
Compensation of board members | 271,571 |
Total liabilities | 18,513,251 |
Net assets applicable to outstanding capital stock | $4,412,399,321 |
Represented by | |
Paid in capital | 2,607,150,679 |
Total distributable earnings (loss) | 1,805,248,642 |
Total - representing net assets applicable to outstanding capital stock | $4,412,399,321 |
Class A | |
Net assets | $1,179,484,266 |
Shares outstanding | 41,040,630 |
Net asset value per share | $28.74 |
Institutional Class | |
Net assets | $1,920,980,508 |
Shares outstanding | 66,324,918 |
Net asset value per share | $28.96 |
Institutional 2 Class | |
Net assets | $1,236,122,212 |
Shares outstanding | 41,599,325 |
Net asset value per share | $29.71 |
Institutional 3 Class | |
Net assets | $75,812,335 |
Shares outstanding | 2,694,593 |
Net asset value per share | $28.13 |
Columbia Small Cap Index Fund ���| Annual Report 2021 | 21 |
Year Ended February 28, 2021
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $42,910,436 |
Dividends — affiliated issuers | 75,320 |
Foreign taxes withheld | (62,369) |
Total income | 42,923,387 |
Expenses: | |
Management services fees | 6,406,653 |
Distribution and/or service fees | |
Class A | 2,382,055 |
Compensation of board members | 92,083 |
Interest on interfund lending | 441 |
Total expenses | 8,881,232 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (78,023) |
Expense reduction | (1,761) |
Total net expenses | 8,801,448 |
Net investment income | 34,121,939 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 110,713,464 |
Investments — affiliated issuers | 8,589 |
Futures contracts | 15,249,844 |
Net realized gain | 125,971,897 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 1,164,851,977 |
Investments — affiliated issuers | (419) |
Futures contracts | 1,201,401 |
Net change in unrealized appreciation (depreciation) | 1,166,052,959 |
Net realized and unrealized gain | 1,292,024,856 |
Net increase in net assets resulting from operations | $1,326,146,795 |
22 | Columbia Small Cap Index Fund | Annual Report 2021 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $34,121,939 | $48,303,289 |
Net realized gain | 125,971,897 | 192,749,215 |
Net change in unrealized appreciation (depreciation) | 1,166,052,959 | (533,098,325) |
Net increase (decrease) in net assets resulting from operations | 1,326,146,795 | (292,045,821) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (32,771,990) | (79,317,130) |
Institutional Class | (53,973,888) | (119,535,076) |
Institutional 2 Class | (25,163,888) | (47,099,472) |
Institutional 3 Class | (2,289,248) | (5,489,399) |
Total distributions to shareholders | (114,199,014) | (251,441,077) |
Decrease in net assets from capital stock activity | (156,601,896) | (386,733,006) |
Total increase (decrease) in net assets | 1,055,345,885 | (930,219,904) |
Net assets at beginning of year | 3,357,053,436 | 4,287,273,340 |
Net assets at end of year | $4,412,399,321 | $3,357,053,436 |
Columbia Small Cap Index Fund | Annual Report 2021 | 23 |
Year Ended | Year Ended | |||
February 28, 2021 | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 8,772,377 | 176,225,195 | 9,413,627 | 215,248,040 |
Distributions reinvested | 1,274,492 | 27,865,631 | 3,011,038 | 68,514,539 |
Redemptions | (19,817,244) | (409,941,679) | (22,806,332) | (519,492,529) |
Net decrease | (9,770,375) | (205,850,853) | (10,381,667) | (235,729,950) |
Institutional Class | ||||
Subscriptions | 14,952,708 | 303,828,228 | 14,677,533 | 337,285,084 |
Distributions reinvested | 1,878,061 | 41,449,814 | 3,895,130 | 89,337,745 |
Redemptions | (28,858,468) | (584,127,079) | (25,782,422) | (591,445,484) |
Net decrease | (12,027,699) | (238,849,037) | (7,209,759) | (164,822,655) |
Institutional 2 Class | ||||
Subscriptions | 27,203,178 | 675,050,843 | 11,503,124 | 270,539,248 |
Distributions reinvested | 968,240 | 22,295,675 | 1,759,413 | 41,351,061 |
Redemptions | (16,980,262) | (376,793,084) | (13,735,398) | (322,112,787) |
Net increase (decrease) | 11,191,156 | 320,553,434 | (472,861) | (10,222,478) |
Institutional 3 Class | ||||
Subscriptions | 1,465,633 | 31,501,162 | 1,205,971 | 27,098,539 |
Distributions reinvested | 106,432 | 2,195,288 | 241,971 | 5,407,744 |
Redemptions | (3,020,356) | (66,151,890) | (378,673) | (8,464,206) |
Net increase (decrease) | (1,448,291) | (32,455,440) | 1,069,269 | 24,042,077 |
Total net decrease | (12,055,209) | (156,601,896) | (16,995,018) | (386,733,006) |
24 | Columbia Small Cap Index Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $20.32 | 0.18 | 8.97 | 9.15 | (0.22) | (0.51) | (0.73) |
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) |
Institutional Class | |||||||
Year Ended 2/28/2021 | $20.47 | 0.24 | 9.03 | 9.27 | (0.27) | (0.51) | (0.78) |
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) |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $20.98 | 0.25 | 9.26 | 9.51 | (0.27) | (0.51) | (0.78) |
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) |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $19.91 | 0.23 | 8.77 | 9.00 | (0.27) | (0.51) | (0.78) |
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(e) | $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) | Ratios include interfund lending expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
26 | Columbia Small Cap Index Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $28.74 | 46.15% | 0.45%(c) | 0.45%(c),(d) | 0.89% | 24% | $1,179,484 |
Year Ended 2/29/2020 | $20.32 | (8.08%) | 0.45%(c) | 0.45%(c),(d) | 1.04% | 17% | $1,032,677 |
Year Ended 2/28/2019 | $23.54 | 6.70% | 0.45% | 0.45%(d) | 0.89% | 22% | $1,440,665 |
Year Ended 2/28/2018 | $24.33 | 9.86% | 0.45% | 0.45%(d) | 0.88% | 16% | $1,488,143 |
Year Ended 2/28/2017 | $23.83 | 34.40% | 0.45% | 0.45%(d) | 0.85% | 18% | $1,638,983 |
Institutional Class | |||||||
Year Ended 2/28/2021 | $28.96 | 46.46% | 0.20%(c) | 0.20%(c),(d) | 1.14% | 24% | $1,920,981 |
Year Ended 2/29/2020 | $20.47 | (7.85%) | 0.20%(c) | 0.20%(c),(d) | 1.29% | 17% | $1,603,859 |
Year Ended 2/28/2019 | $23.69 | 6.99% | 0.20% | 0.20%(d) | 1.14% | 22% | $2,026,925 |
Year Ended 2/28/2018 | $24.47 | 10.11% | 0.20% | 0.20%(d) | 1.12% | 16% | $1,866,835 |
Year Ended 2/28/2017 | $23.96 | 34.74% | 0.20% | 0.20%(d) | 1.10% | 18% | $1,665,820 |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $29.71 | 46.48% | 0.20%(c) | 0.20%(c) | 1.12% | 24% | $1,236,122 |
Year Ended 2/29/2020 | $20.98 | (7.87%) | 0.20%(c) | 0.20%(c) | 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 |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $28.13 | 46.41% | 0.20%(c) | 0.20%(c) | 1.16% | 24% | $75,812 |
Year Ended 2/29/2020 | $19.91 | (7.84%) | 0.20%(c) | 0.20%(c) | 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(e) | $23.90 | 8.14% | 0.21% | 0.20% | 1.01% | 16% | $4,327 |
Columbia Small Cap Index Fund | Annual Report 2021 | 27 |
February 28, 2021
28 | Columbia Small Cap Index Fund | Annual Report 2021 |
February 28, 2021
Columbia Small Cap Index Fund | Annual Report 2021 | 29 |
February 28, 2021
30 | Columbia Small Cap Index Fund | Annual Report 2021 |
February 28, 2021
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 2,622,161* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 1,507,575* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 15,249,844 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Equity risk | 1,201,401 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 43,144,576 |
* | Based on the ending quarterly outstanding amounts for the year ended February 28, 2021. |
Columbia Small Cap Index Fund | Annual Report 2021 | 31 |
February 28, 2021
32 | Columbia Small Cap Index Fund | Annual Report 2021 |
February 28, 2021
Columbia Small Cap Index Fund | Annual Report 2021 | 33 |
February 28, 2021
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 |
Excess of distributions over net investment income ($) | Accumulated net realized gain ($) | Paid in capital ($) |
1,065,344 | (1,101,716) | 36,372 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | ||||
Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
36,587,589 | 77,611,425 | 114,199,014 | 46,969,508 | 204,471,569 | 251,441,077 |
34 | Columbia Small Cap Index Fund | Annual Report 2021 |
February 28, 2021
Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
17,064,052 | 76,776,473 | — | 1,711,673,796 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
2,678,456,569 | 1,887,197,155 | (175,523,359) | 1,711,673,796 |
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 5,266,667 | 1.26 | 3 |
Columbia Small Cap Index Fund | Annual Report 2021 | 35 |
February 28, 2021
36 | Columbia Small Cap Index Fund | Annual Report 2021 |
February 28, 2021
Columbia Small Cap Index Fund | Annual Report 2021 | 37 |
February 28, 2021
38 | Columbia Small Cap Index Fund | Annual Report 2021 |
Columbia Small Cap Index Fund | Annual Report 2021 | 39 |
Qualified dividend income | Dividends received deduction | Section 199A dividends | Capital gain dividend |
65.90% | 64.81% | 4.68% | $119,066,234 |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
George S. Batejan c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1953 | Trustee since 2017 | Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 | 172 | Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018 |
40 | Columbia Small Cap Index Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Kathleen Blatz c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2006 | Attorney; specializing in arbitration and mediation; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member and Interim Chair, Minnesota Sports Facilities Authority, January 2017-July 2017; Interim President and Chief Executive Officer, Blue Cross and Blue Shield of Minnesota (health care insurance), February-July 2018 | 172 | Trustee, BlueCross BlueShield of Minnesota since 2009 (Chair of the Business Development Committee - 2014-2017; Chair of the Governance Committee, 2017-2019); former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017-July 2017; Director, Robina Foundation, 2009-2020 (Chair, 2014-2020) |
Pamela G. Carlton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2007 | President, Springboard — Partners in Cross Cultural Leadership (consulting company) since 2003; Managing Director of US Equity Research, JP Morgan Chase, 1999-2003; Director of US Equity Research, Chase Asset Management, 1996-1999; Co-Director Latin America Research, 1993-1996, COO Global Research, 1992-1996, Co-Director of US Research, 1991-1992, Investment Banker, 1982-1991, Morgan Stanley; Attorney at Cleary Gottlieb Steen & Hamilton LLP, 1980-1982 | 172 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of People Committee) since 1996; Director, DR Bank (Audit Committee) since 2017; Director, Evercore Inc. (Audit Committee, Nominating and Governance Committee) since 2019 |
Janet Langford Carrig c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1957 | Trustee since 1996 | Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (independent energy company), September 2007-October 2018 | 170 | Director, EQT Corporation (natural gas producer) since 2019; Director, Whiting Petroleum Corporation (independent oil and gas company) since 2020 |
J. Kevin Connaughton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2020(a) | Member, FINRA National Adjudicatory Council since January 2020; Adjunct Professor of Finance, Bentley University since January 2018; Managing Director and General Manager of Mutual Fund Products, Columbia Management Investment Advisers, LLC, May 2010-February 2015; President, Columbia Funds, 2008-2015; and senior officer of Columbia Funds and affiliated funds, 2003-2015 | 170 | Director, The Autism Project since March 2015; former Member of the Investment Committee, St. Michael’s College, November 2015-February 2020; former Trustee, St. Michael’s College, June 2017-September 2019; former Trustee, New Century Portfolios, January 2015-December 2017 |
Olive M. Darragh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1962 | Trustee since 2020(a) | Managing Director of Darragh Inc. (strategy and talent management consulting firm) since 2010; Founder and CEO, Zolio, Inc. (investment management talent identification platform) since 2004; Partner, Tudor Investments, 2004-2010; Senior Partner, McKinsey & Company (consulting), 2001-2004 | 170 | Former Director, University of Edinburgh Business School (Member of US Board); former Director, Boston Public Library Foundation |
Columbia Small Cap Index Fund | Annual Report 2021 | 41 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Patricia M. Flynn c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1950 | Trustee since 2004 | Trustee Professor of Economics and Management, Bentley University since 1976 (also teaches and conducts research on corporate governance); Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 | 172 | Trustee, MA Taxpayers Foundation since 1997; Board of Governors, Innovation Institute, MA Technology Collaborative, 2010-2019; Board of Directors, The MA Business Roundtable, 2003-2019 |
Brian J. Gallagher c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2017 | Retired; Partner with Deloitte & Touche LLP and its predecessors, 1977-2016 | 172 | Trustee, Catholic Schools Foundation since 2004 |
Douglas A. Hacker c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1955 | Co-Chair since 2021; Chair of CFST I and CFVIT since 2014; Trustee of CFST I and CFVIT since 1996 and CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2021 | Independent business executive since May 2006; Executive Vice President – Strategy of United Airlines, December 2002 - May 2006; President of UAL Loyalty Services (airline marketing company), September 2001-December 2002; Executive Vice President and Chief Financial Officer of United Airlines, July 1999-September 2001 | 170 | Director, Spartan Nash Company (food distributor); Director, Aircastle Limited (Chair of Audit Committee) (aircraft leasing); former Director, Nash Finch Company (food distributor), 2005-2013; former Director, SeaCube Container Leasing Ltd. (container leasing), 2010-2013; and former Director, Travelport Worldwide Limited (travel information technology), 2014-2019 |
Nancy T. Lukitsh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1956 | Trustee since 2011 | Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser), 1997-2010; Chair, Wellington Management Portfolios (commingled non-U.S. investment pools), 2007 -2010; Director, Wellington Trust Company, NA and other Wellington affiliates, 1997-2010 | 170 | |
David M. Moffett c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Trustee since 2011 | Retired; Consultant to Bridgewater and Associates | 170 | Director, CSX Corporation (transportation suppliers); Director, Genworth Financial, Inc. (financial and insurance products and services); Director, PayPal Holdings Inc. (payment and data processing services); Trustee, University of Oklahoma Foundation; former Director, eBay Inc. (online trading community), 2007-2015; and former Director, CIT Bank, CIT Group Inc. (commercial and consumer finance), 2010-2016 |
42 | Columbia Small Cap Index Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Catherine James Paglia c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Co-Chair since 2021; Chair of CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2020; Trustee of CFST, CFST II and CFVST II since 2004 and CFST I and CFVIT since 2021 | Director, Enterprise Asset Management, Inc. (private real estate and asset management company) since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989-1997; Vice President, 1982-1985, Principal, 1985-1987, Managing Director, 1987-1989, Morgan Stanley; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. | 172 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012; Trustee, Carleton College (on the Investment Committee); Trustee, Carnegie Endowment for International Peace (on the Investment Committee) |
Anthony M. Santomero c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1946 | Trustee since 2008 | Richard K. Mellon Professor Emeritus of Finance, The Wharton School, University of Pennsylvania, since 2002; Senior Advisor, McKinsey & Company (consulting), 2006-2008; President, Federal Reserve Bank of Philadelphia, 2000-2006; Professor of Finance, The Wharton School, University of Pennsylvania, 1972-2002 | 172 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, RenaissanceRe Holdings Ltd. since May 2008; former Director, Citigroup Inc. and Citibank, N.A., 2009-2019; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 |
Minor M. Shaw c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1947 | Trustee since 2003 | President, Micco LLC (private investments) since 2011; President, Micco Corp. (family investment business), 1998-2011 | 172 | Director, BlueCross BlueShield of South Carolina (Chair of Compensation Committee) since April 2008; Trustee, Hollingsworth Funds (on the Investment Committee) since 2016 (previously Board Chair from 2016-2019); Former Advisory Board member, Duke Energy Corp., 2016-2020; Chair of the Duke Endowment; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016; former Director, National Association of Corporate Directors, Carolinas Chapter, 2013-2018; Chair, Daniel-Mickel Foundation |
Columbia Small Cap Index Fund | Annual Report 2021 | 43 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Natalie A. Trunow c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1967 | Trustee since 2020(a) | Chief Executive Officer, Millennial Portfolio Solutions LLC (asset management and consulting services) since January 2016; Non-executive Member of the Investment Committee, Sarona Asset Management Inc. (private equity firm) since September 2019; Advisor, Horizon Investments (asset management and consulting services) since August 2018; Advisor, Paradigm Asset Management since November 2016; Director of Investments, Casey Family Programs, April 2016-September 2016; Senior Vice President and Chief Investment Officer, Calvert Investments, August 2008 - January 2016; Section Head and Portfolio Manager, General Motors Asset Management, June 1997-August 2008 | 170 | Director, Health Services for Children with Special Needs, Inc.; Director, Consumer Credit Counseling Services (formerly Guidewell Financial Solutions); Independent Director, Investment Committee, Sarona Asset Management |
Sandra Yeager c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2017 | Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 | 172 | Director, NAPE Education Foundation, October 2016-October 2020 |
* | The term “Columbia Funds Complex” as used herein includes Columbia Seligman Premium Technology Growth Fund, Tri-Continental Corporation and each series of Columbia Fund Series Trust (CFST), Columbia Funds Series Trust I (CFST I), Columbia Funds Series Trust II (CFST II), Columbia ETF Trust I, Columbia ETF Trust II, Columbia Funds Variable Insurance Trust (CFVIT) and Columbia Funds Variable Series Trust II (CFVST II). Messrs. Batejan, Gallagher, Petersen and Santomero and Mses. Blatz, Carlton, Flynn, Paglia, Shaw and Yeager serve as a director of Columbia Seligman Premium Technology Growth Fund and Tri-Continental Corporation. |
(a) | J. Kevin Connaughton was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective March 1, 2016. Natalie A. Trunow was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective September 1, 2016. Olive M. Darragh was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective June 10, 2019. Shareholders of the Funds elected Mr. Connaughton and Mses. Darragh and Trunow as Trustees of CFST I, effective January 1, 2021, and of CFVIT, effective July 1, 2020. |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during the past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex overseen | Other directorships held by Trustee during the past five years |
Christopher O. Petersen c/o Columbia Management Investment Advisers, LLC 5228 Ameriprise Financial Center Minneapolis, MN 55474 1970 | Trustee since 2020(a) | Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since January 2015 (previously Vice President and Chief Counsel, January 2010-December 2014); officer of Columbia Funds and affiliated funds since 2007 | 172 | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
(a) | Mr. Petersen serves as the President and Principal Executive Officer of the Columbia Funds (since 2015). |
44 | Columbia Small Cap Index Fund | Annual Report 2021 |
The Board has appointed officers who are responsible for day-to-day business decisions based on policies it has established. The officers serve at the pleasure of the Board. The following table provides basic information about the Officers of the Fund as of the printing of this report, including principal occupations during the past five years, although their specific titles may have varied over the period. In addition to Mr. Petersen, who is the President and Principal Executive Officer, the Fund’s other officers are:
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Michael G. Clarke 225 Franklin Street Boston, MA 02110 1969 | Chief Financial Officer and Principal Financial Officer (2009) and Senior Vice President (2019) | Vice President, Head of North American Operations, and Co-Head of Global Operations, Columbia Management Investment Advisers, LLC, since June 2019 (previously Vice President – Accounting and Tax, May 2010 – May 2019); senior officer of Columbia Funds and affiliated funds since 2002. |
Joseph Beranek 5890 Ameriprise Financial Center Minneapolis, MN 55474 1965 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) (2019) and Principal Financial Officer (2020), CFST, CFST I, CFST II, CFVIT and CFVST II; Assistant Treasurer, Columbia ETF Trust I and Columbia ETF Trust II | Vice President – Mutual Fund Accounting and Financial Reporting, Columbia Management Investment Advisers, LLC, since December 2018 and March 2017, respectively (previously Vice President – Pricing and Corporate Actions, May 2010 - March 2017). |
Marybeth Pilat 225 Franklin Street Boston, MA 02110 1968 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer (2020) for Columbia ETF Trust I and Columbia ETF Trust II; Assistant Treasurer, CFST, CFST I, CFST II, CFVIT and CFVST II | Vice President – Product Pricing and Administration, Columbia Management Investment Advisers, LLC, since May 2017; Director - Fund Administration, Calvert Investments, August 2015 – March 2017; Vice President - Fund Administration, Legg Mason, May 2015 - July 2015; Vice President - Fund Administration, Columbia Management Investment Advisers, LLC, May 2010 - April 2015. |
William F. Truscott 225 Franklin Street Boston, MA 02110 1960 | Senior Vice President (2001) | Formerly, Trustee of Columbia Funds Complex until January 1, 2021; Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012; Chairman of the Board and President, Columbia Management Investment Advisers, LLC since July 2004 and February 2012, respectively; Chairman of the Board and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since November 2008 and February 2012, respectively; Chairman of the Board and Director, Threadneedle Asset Management Holdings, Sàrl since March 2013 and December 2008, respectively; senior executive of various entities affiliated with Columbia Threadneedle. |
Paul B. Goucher 485 Lexington Avenue New York, NY 10017 1968 | Senior Vice President (2011) and Assistant Secretary (2008) | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since March 2015 (previously Vice President and Assistant Secretary, May 2010 – March 2015). |
Thomas P. McGuire 225 Franklin Street Boston, MA 02110 1972 | Senior Vice President and Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Columbia Acorn/Wanger Funds since December 2015; Chief Compliance Officer, Ameriprise Certificate Company September 2010 – September 2020. |
Colin Moore 225 Franklin Street Boston, MA 02110 1958 | Senior Vice President (2010) | Executive Vice President and Global Chief Investment Officer, Ameriprise Financial, Inc., since July 2013; Executive Vice President and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since July 2013. |
Columbia Small Cap Index Fund | Annual Report 2021 | 45 |
Fund officers (continued)
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Ryan C. Larrenaga 225 Franklin Street Boston, MA 02110 1970 | Senior Vice President (2017), Chief Legal Officer (2017), and Secretary (2015) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously Vice President and Group Counsel, August 2011 - August 2018); Chief Legal Officer, Columbia Acorn/Wanger Funds, since September 2020; officer of Columbia Funds and affiliated funds since 2005. |
Daniel J. Beckman 225 Franklin Street Boston, MA 02110 1962 | Senior Vice President (2020) | Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015). |
Michael E. DeFao 225 Franklin Street Boston, MA 02110 1968 | Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. |
Lyn Kephart-Strong 5228 Ameriprise Financial Center Minneapolis, MN 55474 1960 | Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Trustee | Votes for | Votes withheld | Abstentions |
George S. Batejan | 1,166,986,012 | 16,252,243 | 0 |
Kathleen Blatz | 1,167,818,192 | 15,420,063 | 0 |
Pamela G. Carlton | 1,167,761,255 | 15,477,001 | 0 |
Janet Langford Carrig | 1,169,443,247 | 13,795,008 | 0 |
J. Kevin Connaughton | 1,168,554,731 | 14,683,525 | 0 |
Olive M. Darragh | 1,169,004,224 | 14,234,032 | 0 |
Patricia M. Flynn | 1,168,110,224 | 15,128,031 | 0 |
Brian J. Gallagher | 1,166,931,187 | 16,307,068 | 0 |
Douglas A. Hacker | 1,168,253,721 | 14,984,535 | 0 |
Nancy T. Lukitsh | 1,169,128,202 | 14,110,053 | 0 |
David M. Moffett | 1,167,387,510 | 15,850,745 | 0 |
Catherine James Paglia | 1,167,159,143 | 16,079,112 | 0 |
Anthony M. Santomero | 1,166,760,857 | 16,477,398 | 0 |
Minor M. Shaw | 1,165,931,084 | 17,307,171 | 0 |
Natalie A. Trunow | 1,168,907,601 | 14,330,655 | 0 |
Sandra Yeager | 1,167,549,796 | 15,688,459 | 0 |
Christopher O. Petersen | 1,167,593,463 | 15,644,793 | 0 |
46 | Columbia Small Cap Index Fund | Annual Report 2021 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
February 28, 2021
3 | |
5 | |
7 | |
8 | |
13 | |
15 | |
16 | |
18 | |
22 | |
31 | |
32 | |
32 | |
38 |
Average annual total returns (%) (for the period ended February 28, 2021) | |||||
Inception | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 05/01/02 | 47.45 | 12.91 | 9.58 |
Including sales charges | 38.93 | 11.58 | 8.93 | ||
Advisor Class* | 11/08/12 | 47.83 | 13.18 | 9.81 | |
Class C | Excluding sales charges | 05/01/02 | 46.38 | 12.07 | 8.76 |
Including sales charges | 45.38 | 12.07 | 8.76 | ||
Institutional Class | 05/01/02 | 47.85 | 13.19 | 9.86 | |
Institutional 2 Class* | 11/08/12 | 48.19 | 13.36 | 9.94 | |
Institutional 3 Class* | 11/08/12 | 48.20 | 13.42 | 9.99 | |
Class R | 01/23/06 | 47.11 | 12.63 | 9.30 | |
Russell 2000 Value Index | 41.06 | 14.22 | 9.65 |
* | 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 | Annual Report 2021 | 3 |
Portfolio breakdown (%) (at February 28, 2021) | |
Common Stocks | 98.0 |
Money Market Funds | 2.0 |
Total | 100.0 |
Equity sector breakdown (%) (at February 28, 2021) | |
Communication Services | 1.4 |
Consumer Discretionary | 12.3 |
Consumer Staples | 3.3 |
Energy | 6.0 |
Financials | 29.3 |
Health Care | 5.4 |
Industrials | 14.2 |
Information Technology | 11.4 |
Materials | 6.8 |
Real Estate | 6.4 |
Utilities | 3.5 |
Total | 100.0 |
4 | Columbia Small Cap Value Fund II | Annual Report 2021 |
• | The Fund’s outperformance of its benchmark during the period was driven by strong broad-based stock selection, particularly within the financials, information technology, health care and industrials sectors. |
• | Solar energy systems designer Sunrun contributed during the period. Though the company declined during the fourth quarter of 2020, it had already had a tremendous run earlier in the period as the market rewarded their position as a leading player in delivering residential solar energy, as the company announced they would be acquiring Vivint Solar in a move expected to provide numerous synergies. |
• | The Fund’s position in software company Cerence was a strong relative performer. Shares in the company, which creates AI-driven software programs for automobiles, continued to climb, as the company continued to report results that beat consensus revenue and earnings expectations despite COVID-19 headwinds earlier in the period. |
• | Within health care, the Fund’s position in biotechnology company Immunomedics was a notable contributor, as it was announced that Gilead Sciences was acquiring the company for $88 a share, roughly a 108% premium to where shares traded prior to the announcement. |
• | Also within health care, a position in biopharmaceutical company Horizon Therapeutics was a notable contributor. The company reported strong earnings early in the period, highlighted by a better-than-expected launch of their Tepezza drug designed to treat thyroid eye disease. |
• | Stock selection within the consumer discretionary and materials sectors detracted from the Fund’s performance relative to its benchmark during the period. |
• | An underweight to the consumer discretionary sector was a secondary detractor, on a relative basis, as the sector delivered strong results for the benchmark. |
• | Within consumer discretionary, the Fund’s underweight position in casino and racetrack operator Penn National Gaming weighed on results. We exited the name during the initial sell-off due to uncertainty created by the COVID-19 pandemic. |
• | Also within consumer discretionary, we sold the Fund’s position in restaurant operator Brinker International, Inc. early in the period. The company’s share price rebounded strongly through the rest of the period. |
• | Within the real estate sector, the Fund’s holding in real estate investment trust (REIT) American Assets Trust, Inc. detracted from relative results. Shares in the REIT, which owns and operates office, retail, and multifamily properties, saw its shares decline due to perceived market fears on rent collections brought on by the pandemic. |
Columbia Small Cap Value Fund II | Annual Report 2021 | 5 |
• | Also within real estate, the Fund’s holding in Mack-Cali Realty Corporation detracted from results, as the office and multifamily REIT faced headwinds brought on by the COVID-19 pandemic. |
6 | Columbia Small Cap Value Fund II | Annual Report 2021 |
(Unaudited)
September 1, 2020 — February 28, 2021 | |||||||
Account value at the beginning of the period ($) | 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 | 1,484.60 | 1,018.15 | 7.92 | 6.43 | 1.30 |
Advisor Class | 1,000.00 | 1,000.00 | 1,485.70 | 1,019.37 | 6.40 | 5.20 | 1.05 |
Class C | 1,000.00 | 1,000.00 | 1,479.70 | 1,014.47 | 12.46 | 10.13 | 2.05 |
Institutional Class | 1,000.00 | 1,000.00 | 1,486.10 | 1,019.42 | 6.34 | 5.15 | 1.04 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,487.20 | 1,020.16 | 5.43 | 4.41 | 0.89 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,487.30 | 1,020.40 | 5.12 | 4.16 | 0.84 |
Class R | 1,000.00 | 1,000.00 | 1,482.60 | 1,016.92 | 9.44 | 7.67 | 1.55 |
Columbia Small Cap Value Fund II | Annual Report 2021 | 7 |
February 28, 2021
Common Stocks 98.7% | ||
Issuer | Shares | Value ($) |
Communication Services 1.4% | ||
Diversified Telecommunication Services 0.5% | ||
Vonage Holdings Corp.(a) | 478,300 | 6,323,126 |
Media 0.9% | ||
Nexstar Media Group, Inc., Class A | 85,000 | 11,691,750 |
Total Communication Services | 18,014,876 | |
Consumer Discretionary 12.1% | ||
Auto Components 0.9% | ||
Visteon Corp.(a) | 99,000 | 12,589,830 |
Hotels, Restaurants & Leisure 4.9% | ||
Caesars Entertainment, Inc.(a) | 155,500 | 14,529,920 |
Carrols Restaurant Group, Inc.(a) | 868,638 | 5,368,183 |
Dine Brands Global, Inc. | 189,900 | 15,022,989 |
International Game Technology PLC | 408,800 | 7,476,952 |
Marriott Vacations Worldwide Corp. | 98,120 | 16,651,945 |
Papa John’s International, Inc. | 67,800 | 6,114,882 |
Total | 65,164,871 | |
Household Durables 1.8% | ||
Green Brick Partners, Inc.(a) | 226,000 | 4,458,980 |
KB Home | 252,400 | 10,191,912 |
TopBuild Corp.(a) | 45,800 | 8,720,778 |
Total | 23,371,670 | |
Internet & Direct Marketing Retail 1.0% | ||
Poshmark, Inc., Class A(a) | 81,900 | 4,755,114 |
Revolve Group, Inc.(a) | 192,029 | 8,852,537 |
Total | 13,607,651 | |
Specialty Retail 3.5% | ||
American Eagle Outfitters, Inc. | 466,600 | 11,991,620 |
Children’s Place, Inc. (The)(a) | 179,200 | 12,409,600 |
Genesco, Inc.(a) | 316,493 | 14,223,195 |
Petco Health & Wellness Co., Inc.(a) | 416,600 | 8,302,838 |
Total | 46,927,253 | |
Total Consumer Discretionary | 161,661,275 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Staples 3.3% | ||
Food & Staples Retailing 2.8% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 344,500 | 13,842,010 |
The Chefs’ Warehouse(a) | 239,100 | 7,445,574 |
United Natural Foods, Inc.(a) | 610,600 | 16,150,370 |
Total | 37,437,954 | |
Personal Products 0.5% | ||
BellRing Brands, Inc., Class A(a) | 260,100 | 5,909,472 |
Total Consumer Staples | 43,347,426 | |
Energy 5.9% | ||
Energy Equipment & Services 0.7% | ||
Helmerich & Payne, Inc. | 351,400 | 10,095,722 |
Oil, Gas & Consumable Fuels 5.2% | ||
Cimarex Energy Co. | 287,200 | 16,654,728 |
Devon Energy Corp. | 853,770 | 18,390,206 |
Matador Resources Co.(a) | 335,800 | 7,014,862 |
Ovintiv, Inc. | 775,400 | 17,888,478 |
Renewable Energy Group, Inc.(a) | 118,700 | 9,231,299 |
Total | 69,179,573 | |
Total Energy | 79,275,295 | |
Financials 29.0% | ||
Banks 16.9% | ||
Ameris Bancorp | 336,728 | 16,041,722 |
Atlantic Union Bankshares Corp. | 485,300 | 17,825,069 |
Bancorp, Inc. (The)(a) | 791,200 | 16,037,624 |
Cathay General Bancorp | 383,547 | 14,436,709 |
Community Bank System, Inc. | 232,000 | 16,516,080 |
Hancock Whitney Corp. | 333,300 | 12,582,075 |
Independent Bank Corp. | 174,804 | 14,947,490 |
Independent Bank Group, Inc. | 191,900 | 13,373,511 |
Pacific Premier Bancorp, Inc. | 290,200 | 11,695,060 |
Popular, Inc. | 207,400 | 13,858,468 |
Renasant Corp. | 334,600 | 13,143,088 |
Sandy Spring Bancorp, Inc. | 413,622 | 15,543,915 |
Silvergate Capital Corp., Class A(a) | 15,900 | 2,028,204 |
TCF Financial Corp. | 312,010 | 13,984,288 |
8 | Columbia Small Cap Value Fund II | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Triumph Bancorp, Inc.(a) | 203,400 | 15,600,780 |
UMB Financial Corp. | 213,691 | 18,029,110 |
Total | 225,643,193 | |
Capital Markets 2.8% | ||
Cowen, Inc. | 280,400 | 9,491,540 |
Focus Financial Partners, Inc., Class A(a) | 229,500 | 10,788,795 |
Houlihan Lokey, Inc. | 139,500 | 8,866,620 |
Stifel Financial Corp. | 134,550 | 8,218,314 |
Total | 37,365,269 | |
Consumer Finance 0.9% | ||
SLM Corp. | 720,100 | 11,370,379 |
Insurance 1.4% | ||
AMERISAFE, Inc. | 152,000 | 8,895,040 |
Argo Group International Holdings Ltd. | 206,275 | 9,531,968 |
Total | 18,427,008 | |
Mortgage Real Estate Investment Trusts (REITS) 2.8% | ||
Blackstone Mortgage Trust, Inc. | 387,900 | 11,326,680 |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 254,900 | 14,333,027 |
Starwood Property Trust, Inc. | 507,600 | 11,588,508 |
Total | 37,248,215 | |
Thrifts & Mortgage Finance 4.2% | ||
Axos Financial, Inc.(a) | 422,500 | 19,549,075 |
MGIC Investment Corp. | 961,100 | 11,706,198 |
Radian Group, Inc. | 444,300 | 9,063,720 |
WSFS Financial Corp. | 308,800 | 16,409,632 |
Total | 56,728,625 | |
Total Financials | 386,782,689 | |
Health Care 5.3% | ||
Biotechnology 2.6% | ||
Arcutis Biotherapeutics, Inc.(a) | 105,800 | 3,615,186 |
Arena Pharmaceuticals, Inc.(a) | 90,400 | 7,263,640 |
Iovance Biotherapeutics, Inc.(a) | 70,700 | 2,637,110 |
Novavax, Inc.(a) | 57,400 | 13,272,602 |
Olema Pharmaceuticals, Inc.(a) | 97,304 | 3,884,376 |
Silverback Therapeutics, Inc.(a) | 84,860 | 4,078,371 |
Total | 34,751,285 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Equipment & Supplies 0.7% | ||
Merit Medical Systems, Inc.(a) | 175,400 | 9,773,288 |
Health Care Providers & Services 1.3% | ||
LHC Group, Inc.(a) | 16,000 | 2,907,360 |
R1 RCM, Inc.(a) | 526,100 | 14,541,404 |
Total | 17,448,764 | |
Life Sciences Tools & Services 0.4% | ||
Syneos Health, Inc.(a) | 70,700 | 5,468,645 |
Pharmaceuticals 0.3% | ||
Atea Pharmaceuticals, Inc.(a) | 43,800 | 3,300,768 |
Total Health Care | 70,742,750 | |
Industrials 14.0% | ||
Aerospace & Defense 0.6% | ||
Moog, Inc., Class A | 111,700 | 8,674,622 |
Air Freight & Logistics 0.5% | ||
Air Transport Services Group, Inc.(a) | 239,600 | 6,358,984 |
Airlines 1.5% | ||
Allegiant Travel Co. | 18,700 | 4,715,953 |
Skywest, Inc. | 265,900 | 14,988,783 |
Total | 19,704,736 | |
Building Products 0.7% | ||
Masonite International Corp.(a) | 81,600 | 8,953,152 |
Construction & Engineering 3.3% | ||
API Group Corp.(a) | 569,600 | 10,537,600 |
EMCOR Group, Inc. | 126,800 | 12,346,516 |
MasTec, Inc.(a) | 238,600 | 20,698,550 |
Total | 43,582,666 | |
Electrical Equipment 0.7% | ||
Bloom Energy Corp., Class A(a) | 311,000 | 8,872,830 |
Machinery 1.5% | ||
Altra Industrial Motion Corp. | 228,800 | 13,252,096 |
Evoqua Water Technologies Corp.(a) | 282,800 | 6,942,740 |
Total | 20,194,836 | |
Professional Services 2.0% | ||
ICF International, Inc. | 153,700 | 12,826,265 |
Kforce, Inc. | 276,756 | 14,211,421 |
Total | 27,037,686 |
Columbia Small Cap Value Fund II | Annual Report 2021 | 9 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Road & Rail 0.3% | ||
ArcBest Corp. | 80,300 | 4,736,897 |
Trading Companies & Distributors 2.9% | ||
Beacon Roofing Supply, Inc.(a) | 145,600 | 6,964,048 |
Herc Holdings Inc(a) | 184,800 | 16,218,048 |
Triton International Ltd. | 281,400 | 16,259,292 |
Total | 39,441,388 | |
Total Industrials | 187,557,797 | |
Information Technology 11.2% | ||
Communications Equipment 1.1% | ||
Harmonic, Inc.(a) | 939,800 | 7,278,751 |
Viavi Solutions, Inc.(a) | 487,600 | 7,891,806 |
Total | 15,170,557 | |
IT Services 1.8% | ||
KBR, Inc. | 474,800 | 14,718,800 |
Science Applications International Corp. | 104,717 | 9,019,275 |
Total | 23,738,075 | |
Semiconductors & Semiconductor Equipment 7.1% | ||
Cohu, Inc.(a) | 320,700 | 13,934,415 |
Diodes, Inc.(a) | 175,400 | 13,772,408 |
Kulicke & Soffa Industries, Inc. | 198,254 | 9,884,944 |
MACOM Technology Solutions Holdings, Inc.(a) | 140,200 | 9,021,870 |
MagnaChip Semiconductor Corp.(a) | 406,900 | 7,604,961 |
SMART Global Holdings, Inc.(a) | 135,069 | 6,306,372 |
SunPower Corp.(a) | 192,900 | 6,707,133 |
Synaptics, Inc.(a) | 108,500 | 14,542,255 |
Ultra Clean Holdings, Inc.(a) | 272,200 | 12,624,636 |
Total | 94,398,994 | |
Software 1.2% | ||
Cerence, Inc.(a) | 114,200 | 12,701,324 |
Medallia, Inc.(a) | 98,000 | 3,956,260 |
Total | 16,657,584 | |
Total Information Technology | 149,965,210 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Materials 6.7% | ||
Chemicals 1.9% | ||
Kraton Performance Polymers, Inc.(a) | 237,200 | 8,821,468 |
Livent Corp.(a) | 370,000 | 6,889,400 |
Orion Engineered Carbons SA | 580,400 | 10,273,079 |
Total | 25,983,947 | |
Construction Materials 1.0% | ||
Summit Materials, Inc., Class A(a) | 485,100 | 13,442,121 |
Metals & Mining 2.9% | ||
Alcoa Corp.(a) | 305,300 | 7,495,115 |
Arconic Corp.(a) | 377,000 | 8,263,840 |
Cleveland-Cliffs, Inc. | 490,700 | 6,545,938 |
Hecla Mining Co. | 673,700 | 4,399,261 |
Materion Corp. | 128,400 | 8,792,832 |
United States Steel Corp. | 208,800 | 3,468,168 |
Total | 38,965,154 | |
Paper & Forest Products 0.9% | ||
Boise Cascade Co. | 227,600 | 11,366,344 |
Total Materials | 89,757,566 | |
Real Estate 6.3% | ||
Equity Real Estate Investment Trusts (REITS) 6.3% | ||
American Assets Trust, Inc. | 265,300 | 8,245,524 |
Centerspace | 116,800 | 8,015,984 |
First Industrial Realty Trust, Inc. | 362,700 | 15,490,917 |
Hudson Pacific Properties, Inc. | 307,400 | 7,866,366 |
PS Business Parks, Inc. | 75,300 | 10,907,958 |
Sabra Health Care REIT, Inc. | 579,100 | 9,972,102 |
Sunstone Hotel Investors, Inc. | 940,400 | 12,422,684 |
Tanger Factory Outlet Centers, Inc. | 733,600 | 11,546,864 |
Total | 84,468,399 | |
Total Real Estate | 84,468,399 | |
Utilities 3.5% | ||
Electric Utilities 0.7% | ||
Portland General Electric Co. | 215,316 | 9,077,723 |
10 | Columbia Small Cap Value Fund II | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Gas Utilities 1.8% | ||
New Jersey Resources Corp. | 235,400 | 9,248,866 |
ONE Gas, Inc. | 131,200 | 8,786,464 |
South Jersey Industries, Inc. | 214,893 | 5,395,963 |
Total | 23,431,293 | |
Independent Power and Renewable Electricity Producers 1.0% | ||
Clearway Energy, Inc., Class C | 241,200 | 6,623,352 |
Sunnova Energy International, Inc.(a) | 159,100 | 7,134,044 |
Total | 13,757,396 | |
Total Utilities | 46,266,412 | |
Total Common Stocks (Cost $786,285,715) | 1,317,839,695 | |
Money Market Funds 2.0% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.086%(b),(c) | 27,422,629 | 27,419,887 |
Total Money Market Funds (Cost $27,418,064) | 27,419,887 | |
Total Investments in Securities (Cost: $813,703,779) | 1,345,259,582 | |
Other Assets & Liabilities, Net | (9,520,017) | |
Net Assets | 1,335,739,565 |
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at February 28, 2021. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended February 28, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.086% | ||||||||
22,340,097 | 305,682,932 | (300,604,843) | 1,701 | 27,419,887 | (3,095) | 82,848 | 27,422,629 |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Columbia Small Cap Value Fund II | Annual Report 2021 | 11 |
February 28, 2021
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 | ||||
Common Stocks | ||||
Communication Services | 18,014,876 | — | — | 18,014,876 |
Consumer Discretionary | 161,661,275 | — | — | 161,661,275 |
Consumer Staples | 43,347,426 | — | — | 43,347,426 |
Energy | 79,275,295 | — | — | 79,275,295 |
Financials | 386,782,689 | — | — | 386,782,689 |
Health Care | 70,742,750 | — | — | 70,742,750 |
Industrials | 187,557,797 | — | — | 187,557,797 |
Information Technology | 149,965,210 | — | — | 149,965,210 |
Materials | 89,757,566 | — | — | 89,757,566 |
Real Estate | 84,468,399 | — | — | 84,468,399 |
Utilities | 46,266,412 | — | — | 46,266,412 |
Total Common Stocks | 1,317,839,695 | — | — | 1,317,839,695 |
Money Market Funds | 27,419,887 | — | — | 27,419,887 |
Total Investments in Securities | 1,345,259,582 | — | — | 1,345,259,582 |
12 | Columbia Small Cap Value Fund II | Annual Report 2021 |
February 28, 2021
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $786,285,715) | $1,317,839,695 |
Affiliated issuers (cost $27,418,064) | 27,419,887 |
Receivable for: | |
Investments sold | 35,409,719 |
Capital shares sold | 2,077,765 |
Dividends | 838,372 |
Prepaid expenses | 22,658 |
Total assets | 1,383,608,096 |
Liabilities | |
Payable for: | |
Investments purchased | 1,383,555 |
Capital shares purchased | 46,082,444 |
Management services fees | 31,027 |
Distribution and/or service fees | 563 |
Transfer agent fees | 145,925 |
Compensation of board members | 163,791 |
Compensation of chief compliance officer | 9 |
Other expenses | 61,217 |
Total liabilities | 47,868,531 |
Net assets applicable to outstanding capital stock | $1,335,739,565 |
Represented by | |
Paid in capital | 751,709,052 |
Total distributable earnings (loss) | 584,030,513 |
Total - representing net assets applicable to outstanding capital stock | $1,335,739,565 |
Columbia Small Cap Value Fund II | Annual Report 2021 | 13 |
February 28, 2021
Class A | |
Net assets | $69,591,498 |
Shares outstanding | 3,692,129 |
Net asset value per share | $18.85 |
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) | $20.00 |
Advisor Class | |
Net assets | $136,109,653 |
Shares outstanding | 6,906,476 |
Net asset value per share | $19.71 |
Class C | |
Net assets | $577,232 |
Shares outstanding | 36,065 |
Net asset value per share | $16.01 |
Institutional Class | |
Net assets | $333,785,787 |
Shares outstanding | 17,377,124 |
Net asset value per share | $19.21 |
Institutional 2 Class | |
Net assets | $226,504,343 |
Shares outstanding | 11,459,765 |
Net asset value per share | $19.77 |
Institutional 3 Class | |
Net assets | $563,772,297 |
Shares outstanding | 28,421,331 |
Net asset value per share | $19.84 |
Class R | |
Net assets | $5,398,755 |
Shares outstanding | 292,750 |
Net asset value per share | $18.44 |
14 | Columbia Small Cap Value Fund II | Annual Report 2021 |
Year Ended February 28, 2021
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $16,021,291 |
Dividends — affiliated issuers | 82,848 |
Interfund lending | 523 |
Foreign taxes withheld | (22,423) |
Total income | 16,082,239 |
Expenses: | |
Management services fees | 8,808,325 |
Distribution and/or service fees | |
Class A | 172,944 |
Class C | 3,105 |
Class R | 21,634 |
Transfer agent fees | |
Class A | 170,108 |
Advisor Class | 190,857 |
Class C | 751 |
Institutional Class | 730,035 |
Institutional 2 Class | 96,492 |
Institutional 3 Class | 33,616 |
Class R | 10,550 |
Compensation of board members | 48,606 |
Custodian fees | 10,375 |
Printing and postage fees | 129,865 |
Registration fees | 131,982 |
Audit fees | 31,000 |
Legal fees | 17,956 |
Compensation of chief compliance officer | 225 |
Other | 77,355 |
Total expenses | 10,685,781 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (567,977) |
Fees waived by transfer agent | |
Institutional 2 Class | (14,008) |
Institutional 3 Class | (33,397) |
Expense reduction | (40) |
Total net expenses | 10,070,359 |
Net investment income | 6,011,880 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 59,418,190 |
Investments — affiliated issuers | (3,095) |
Net realized gain | 59,415,095 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 411,886,043 |
Investments — affiliated issuers | 1,701 |
Net change in unrealized appreciation (depreciation) | 411,887,744 |
Net realized and unrealized gain | 471,302,839 |
Net increase in net assets resulting from operations | $477,314,719 |
Columbia Small Cap Value Fund II | Annual Report 2021 | 15 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $6,011,880 | $9,180,387 |
Net realized gain | 59,415,095 | 36,407,713 |
Net change in unrealized appreciation (depreciation) | 411,887,744 | (180,738,386) |
Net increase (decrease) in net assets resulting from operations | 477,314,719 | (135,150,286) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (611,308) | (4,629,633) |
Advisor Class | (797,326) | (2,829,163) |
Class C | (1,335) | (14,654) |
Institutional Class | (2,814,817) | (18,063,603) |
Institutional 2 Class | (1,788,519) | (5,168,504) |
Institutional 3 Class | (4,907,822) | (17,932,579) |
Class R | (30,100) | (193,575) |
Total distributions to shareholders | (10,951,227) | (48,831,711) |
Decrease in net assets from capital stock activity | (180,292,967) | (154,699,888) |
Total increase (decrease) in net assets | 286,070,525 | (338,681,885) |
Net assets at beginning of year | 1,049,669,040 | 1,388,350,925 |
Net assets at end of year | $1,335,739,565 | $1,049,669,040 |
16 | Columbia Small Cap Value Fund II | Annual Report 2021 |
Year Ended | Year Ended | |||
February 28, 2021 | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 1,542,111 | 20,637,627 | 1,128,509 | 16,444,144 |
Distributions reinvested | 44,644 | 568,733 | 302,813 | 4,394,997 |
Redemptions | (5,603,739) | (71,864,547) | (3,263,115) | (47,746,037) |
Net decrease | (4,016,984) | (50,658,187) | (1,831,793) | (26,906,896) |
Advisor Class | ||||
Subscriptions | 4,567,722 | 63,325,960 | 1,364,084 | 20,859,626 |
Distributions reinvested | 48,602 | 728,394 | 166,033 | 2,514,893 |
Redemptions | (1,975,419) | (27,842,556) | (2,723,530) | (40,250,402) |
Net increase (decrease) | 2,640,905 | 36,211,798 | (1,193,413) | (16,875,883) |
Class C | ||||
Subscriptions | 23,372 | 297,882 | 9,012 | 112,200 |
Distributions reinvested | 128 | 1,281 | 1,135 | 14,077 |
Redemptions | (16,037) | (176,734) | (28,744) | (357,291) |
Net increase (decrease) | 7,463 | 122,429 | (18,597) | (231,014) |
Institutional Class | ||||
Subscriptions | 4,414,975 | 61,003,074 | 3,109,684 | 46,141,517 |
Distributions reinvested | 192,427 | 2,638,133 | 1,027,977 | 15,180,360 |
Redemptions | (13,945,774) | (197,508,697) | (12,918,930) | (193,587,184) |
Net decrease | (9,338,372) | (133,867,490) | (8,781,269) | (132,265,307) |
Institutional 2 Class | ||||
Subscriptions | 5,415,563 | 70,493,668 | 5,180,994 | 79,089,210 |
Distributions reinvested | 121,929 | 1,786,594 | 340,860 | 5,167,220 |
Redemptions | (4,776,859) | (67,521,473) | (2,341,608) | (35,677,107) |
Net increase | 760,633 | 4,758,789 | 3,180,246 | 48,579,323 |
Institutional 3 Class | ||||
Subscriptions | 12,937,492 | 169,180,965 | 7,724,688 | 118,282,901 |
Distributions reinvested | 304,761 | 4,492,929 | 1,031,813 | 15,703,907 |
Redemptions | (13,863,637) | (209,465,693) | (10,480,149) | (160,516,189) |
Net decrease | (621,384) | (35,791,799) | (1,723,648) | (26,529,381) |
Class R | ||||
Subscriptions | 77,790 | 1,012,994 | 45,723 | 653,463 |
Distributions reinvested | 2,426 | 30,099 | 13,615 | 193,575 |
Redemptions | (167,432) | (2,111,600) | (91,649) | (1,317,768) |
Net decrease | (87,216) | (1,068,507) | (32,311) | (470,730) |
Total net decrease | (10,654,955) | (180,292,967) | (10,400,785) | (154,699,888) |
Columbia Small Cap Value Fund II | Annual Report 2021 | 17 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Year Ended 2/28/2021 | $12.89 | 0.03 | 6.04 | 6.07 | (0.05) | (0.06) | (0.11) |
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) |
Advisor Class | |||||||
Year Ended 2/28/2021 | $13.46 | 0.06 | 6.33 | 6.39 | (0.08) | (0.06) | (0.14) |
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) |
Class C | |||||||
Year Ended 2/28/2021 | $11.00 | (0.06) | 5.13 | 5.07 | — | (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)(d) | (0.89) | (0.89) |
Institutional Class | |||||||
Year Ended 2/28/2021 | $13.12 | 0.07 | 6.16 | 6.23 | (0.08) | (0.06) | (0.14) |
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) |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $13.48 | 0.09 | 6.35 | 6.44 | (0.09) | (0.06) | (0.15) |
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) |
18 | Columbia Small Cap Value Fund II | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $18.85 | 47.45% | 1.37% | 1.29%(c) | 0.27% | 55% | $69,591 |
Year Ended 2/29/2020 | $12.89 | (11.58%) | 1.36% | 1.28%(c) | 0.40% | 27% | $99,356 |
Year Ended 2/28/2019 | $15.11 | (0.15%) | 1.35% | 1.27%(c) | 0.17% | 38% | $144,155 |
Year Ended 2/28/2018 | $17.11 | 4.45% | 1.33% | 1.29%(c) | 0.04% | 45% | $165,419 |
Year Ended 2/28/2017 | $18.01 | 34.98% | 1.30% | 1.30%(c) | 0.06% | 58% | $201,649 |
Advisor Class | |||||||
Year Ended 2/28/2021 | $19.71 | 47.83% | 1.12% | 1.05%(c) | 0.44% | 55% | $136,110 |
Year Ended 2/29/2020 | $13.46 | (11.34%) | 1.11% | 1.03%(c) | 0.64% | 27% | $57,400 |
Year Ended 2/28/2019 | $15.75 | 0.09% | 1.10% | 1.02%(c) | 0.42% | 38% | $85,978 |
Year Ended 2/28/2018 | $17.75 | 4.73% | 1.08% | 1.04%(c) | 0.30% | 45% | $71,415 |
Year Ended 2/28/2017 | $18.61 | 35.21% | 1.05% | 1.05%(c) | 0.28% | 58% | $69,709 |
Class C | |||||||
Year Ended 2/28/2021 | $16.01 | 46.38% | 2.12% | 2.05%(c) | (0.55%) | 55% | $577 |
Year Ended 2/29/2020 | $11.00 | (12.27%) | 2.11% | 2.03%(c) | (0.33%) | 27% | $315 |
Year Ended 2/28/2019 | $12.96 | (0.93%) | 2.09% | 2.02%(c) | (0.71%) | 38% | $611 |
Year Ended 2/28/2018 | $15.06 | 3.72% | 2.07% | 2.04%(c) | (0.72%) | 45% | $7,785 |
Year Ended 2/28/2017 | $16.13 | 33.93% | 2.04% | 2.04%(c) | (0.70%) | 58% | $11,926 |
Institutional Class | |||||||
Year Ended 2/28/2021 | $19.21 | 47.85% | 1.12% | 1.04%(c) | 0.51% | 55% | $333,786 |
Year Ended 2/29/2020 | $13.12 | (11.36%) | 1.11% | 1.03%(c) | 0.66% | 27% | $350,469 |
Year Ended 2/28/2019 | $15.37 | 0.09% | 1.10% | 1.02%(c) | 0.42% | 38% | $545,568 |
Year Ended 2/28/2018 | $17.37 | 4.71% | 1.07% | 1.04%(c) | 0.28% | 45% | $727,418 |
Year Ended 2/28/2017 | $18.25 | 35.26% | 1.05% | 1.05%(c) | 0.31% | 58% | $1,098,979 |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $19.77 | 48.19% | 0.94% | 0.90% | 0.62% | 55% | $226,504 |
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 |
Columbia Small Cap Value Fund II | Annual Report 2021 | 19 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $13.53 | 0.09 | 6.38 | 6.47 | (0.10) | (0.06) | (0.16) |
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) |
Class R | |||||||
Year Ended 2/28/2021 | $12.62 | (0.00)(d) | 5.91 | 5.91 | (0.03) | (0.06) | (0.09) |
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) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Rounds to zero. |
20 | Columbia Small Cap Value Fund II | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $19.84 | 48.20% | 0.89% | 0.85% | 0.67% | 55% | $563,772 |
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 |
Class R | |||||||
Year Ended 2/28/2021 | $18.44 | 47.11% | 1.62% | 1.55%(c) | (0.00%)(d) | 55% | $5,399 |
Year Ended 2/29/2020 | $12.62 | (11.79%) | 1.61% | 1.53%(c) | 0.15% | 27% | $4,796 |
Year Ended 2/28/2019 | $14.80 | (0.46%) | 1.60% | 1.52%(c) | (0.08%) | 38% | $6,104 |
Year Ended 2/28/2018 | $16.84 | 4.19% | 1.58% | 1.54%(c) | (0.21%) | 45% | $8,302 |
Year Ended 2/28/2017 | $17.77 | 34.67% | 1.55% | 1.55%(c) | (0.19%) | 58% | $11,042 |
Columbia Small Cap Value Fund II | Annual Report 2021 | 21 |
February 28, 2021
22 | Columbia Small Cap Value Fund II | Annual Report 2021 |
February 28, 2021
Columbia Small Cap Value Fund II | Annual Report 2021 | 23 |
February 28, 2021
24 | Columbia Small Cap Value Fund II | Annual Report 2021 |
February 28, 2021
Effective rate (%) | |
Class A | 0.25 |
Advisor Class | 0.24 |
Class C | 0.24 |
Institutional Class | 0.24 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Class R | 0.24 |
Columbia Small Cap Value Fund II | Annual Report 2021 | 25 |
February 28, 2021
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 56,209 |
Class C | — | 1.00(b) | — |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Fee rate(s) contractual through June 30, 2021 | |
Class A | 1.29% |
Advisor Class | 1.04 |
Class C | 2.04 |
Institutional Class | 1.04 |
Institutional 2 Class | 0.89 |
Institutional 3 Class | 0.84 |
Class R | 1.54 |
26 | Columbia Small Cap Value Fund II | Annual Report 2021 |
February 28, 2021
Excess of distributions over net investment income ($) | Accumulated net realized gain ($) | Paid in capital ($) |
271,866 | (5,514,231) | 5,242,365 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | ||||
Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
6,300,189 | 4,651,038 | 10,951,227 | 11,239,368 | 37,592,343 | 48,831,711 |
Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
22,651,838 | 35,341,179 | — | 526,198,562 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
819,061,021 | 531,442,584 | (5,244,022) | 526,198,562 |
Columbia Small Cap Value Fund II | Annual Report 2021 | 27 |
February 28, 2021
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 2,233,333 | 0.87 | 9 |
28 | Columbia Small Cap Value Fund II | Annual Report 2021 |
February 28, 2021
Columbia Small Cap Value Fund II | Annual Report 2021 | 29 |
February 28, 2021
30 | Columbia Small Cap Value Fund II | Annual Report 2021 |
Columbia Small Cap Value Fund II | Annual Report 2021 | 31 |
Qualified dividend income | Dividends received deduction | Capital gain dividend |
42.10% | 41.59% | $40,719,371 |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
George S. Batejan c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1953 | Trustee since 2017 | Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 | 172 | Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018 |
32 | Columbia Small Cap Value Fund II | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Kathleen Blatz c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2006 | Attorney; specializing in arbitration and mediation; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member and Interim Chair, Minnesota Sports Facilities Authority, January 2017-July 2017; Interim President and Chief Executive Officer, Blue Cross and Blue Shield of Minnesota (health care insurance), February-July 2018 | 172 | Trustee, BlueCross BlueShield of Minnesota since 2009 (Chair of the Business Development Committee - 2014-2017; Chair of the Governance Committee, 2017-2019); former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017-July 2017; Director, Robina Foundation, 2009-2020 (Chair, 2014-2020) |
Pamela G. Carlton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2007 | President, Springboard — Partners in Cross Cultural Leadership (consulting company) since 2003; Managing Director of US Equity Research, JP Morgan Chase, 1999-2003; Director of US Equity Research, Chase Asset Management, 1996-1999; Co-Director Latin America Research, 1993-1996, COO Global Research, 1992-1996, Co-Director of US Research, 1991-1992, Investment Banker, 1982-1991, Morgan Stanley; Attorney at Cleary Gottlieb Steen & Hamilton LLP, 1980-1982 | 172 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of People Committee) since 1996; Director, DR Bank (Audit Committee) since 2017; Director, Evercore Inc. (Audit Committee, Nominating and Governance Committee) since 2019 |
Janet Langford Carrig c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1957 | Trustee since 1996 | Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (independent energy company), September 2007-October 2018 | 170 | Director, EQT Corporation (natural gas producer) since 2019; Director, Whiting Petroleum Corporation (independent oil and gas company) since 2020 |
J. Kevin Connaughton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2020(a) | Member, FINRA National Adjudicatory Council since January 2020; Adjunct Professor of Finance, Bentley University since January 2018; Managing Director and General Manager of Mutual Fund Products, Columbia Management Investment Advisers, LLC, May 2010-February 2015; President, Columbia Funds, 2008-2015; and senior officer of Columbia Funds and affiliated funds, 2003-2015 | 170 | Director, The Autism Project since March 2015; former Member of the Investment Committee, St. Michael’s College, November 2015-February 2020; former Trustee, St. Michael’s College, June 2017-September 2019; former Trustee, New Century Portfolios, January 2015-December 2017 |
Olive M. Darragh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1962 | Trustee since 2020(a) | Managing Director of Darragh Inc. (strategy and talent management consulting firm) since 2010; Founder and CEO, Zolio, Inc. (investment management talent identification platform) since 2004; Partner, Tudor Investments, 2004-2010; Senior Partner, McKinsey & Company (consulting), 2001-2004 | 170 | Former Director, University of Edinburgh Business School (Member of US Board); former Director, Boston Public Library Foundation |
Columbia Small Cap Value Fund II | Annual Report 2021 | 33 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Patricia M. Flynn c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1950 | Trustee since 2004 | Trustee Professor of Economics and Management, Bentley University since 1976 (also teaches and conducts research on corporate governance); Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 | 172 | Trustee, MA Taxpayers Foundation since 1997; Board of Governors, Innovation Institute, MA Technology Collaborative, 2010-2019; Board of Directors, The MA Business Roundtable, 2003-2019 |
Brian J. Gallagher c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2017 | Retired; Partner with Deloitte & Touche LLP and its predecessors, 1977-2016 | 172 | Trustee, Catholic Schools Foundation since 2004 |
Douglas A. Hacker c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1955 | Co-Chair since 2021; Chair of CFST I and CFVIT since 2014; Trustee of CFST I and CFVIT since 1996 and CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2021 | Independent business executive since May 2006; Executive Vice President – Strategy of United Airlines, December 2002 - May 2006; President of UAL Loyalty Services (airline marketing company), September 2001-December 2002; Executive Vice President and Chief Financial Officer of United Airlines, July 1999-September 2001 | 170 | Director, Spartan Nash Company (food distributor); Director, Aircastle Limited (Chair of Audit Committee) (aircraft leasing); former Director, Nash Finch Company (food distributor), 2005-2013; former Director, SeaCube Container Leasing Ltd. (container leasing), 2010-2013; and former Director, Travelport Worldwide Limited (travel information technology), 2014-2019 |
Nancy T. Lukitsh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1956 | Trustee since 2011 | Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser), 1997-2010; Chair, Wellington Management Portfolios (commingled non-U.S. investment pools), 2007 -2010; Director, Wellington Trust Company, NA and other Wellington affiliates, 1997-2010 | 170 | |
David M. Moffett c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Trustee since 2011 | Retired; Consultant to Bridgewater and Associates | 170 | Director, CSX Corporation (transportation suppliers); Director, Genworth Financial, Inc. (financial and insurance products and services); Director, PayPal Holdings Inc. (payment and data processing services); Trustee, University of Oklahoma Foundation; former Director, eBay Inc. (online trading community), 2007-2015; and former Director, CIT Bank, CIT Group Inc. (commercial and consumer finance), 2010-2016 |
34 | Columbia Small Cap Value Fund II | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Catherine James Paglia c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Co-Chair since 2021; Chair of CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2020; Trustee of CFST, CFST II and CFVST II since 2004 and CFST I and CFVIT since 2021 | Director, Enterprise Asset Management, Inc. (private real estate and asset management company) since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989-1997; Vice President, 1982-1985, Principal, 1985-1987, Managing Director, 1987-1989, Morgan Stanley; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. | 172 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012; Trustee, Carleton College (on the Investment Committee); Trustee, Carnegie Endowment for International Peace (on the Investment Committee) |
Anthony M. Santomero c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1946 | Trustee since 2008 | Richard K. Mellon Professor Emeritus of Finance, The Wharton School, University of Pennsylvania, since 2002; Senior Advisor, McKinsey & Company (consulting), 2006-2008; President, Federal Reserve Bank of Philadelphia, 2000-2006; Professor of Finance, The Wharton School, University of Pennsylvania, 1972-2002 | 172 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, RenaissanceRe Holdings Ltd. since May 2008; former Director, Citigroup Inc. and Citibank, N.A., 2009-2019; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 |
Minor M. Shaw c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1947 | Trustee since 2003 | President, Micco LLC (private investments) since 2011; President, Micco Corp. (family investment business), 1998-2011 | 172 | Director, BlueCross BlueShield of South Carolina (Chair of Compensation Committee) since April 2008; Trustee, Hollingsworth Funds (on the Investment Committee) since 2016 (previously Board Chair from 2016-2019); Former Advisory Board member, Duke Energy Corp., 2016-2020; Chair of the Duke Endowment; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016; former Director, National Association of Corporate Directors, Carolinas Chapter, 2013-2018; Chair, Daniel-Mickel Foundation |
Columbia Small Cap Value Fund II | Annual Report 2021 | 35 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Natalie A. Trunow c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1967 | Trustee since 2020(a) | Chief Executive Officer, Millennial Portfolio Solutions LLC (asset management and consulting services) since January 2016; Non-executive Member of the Investment Committee, Sarona Asset Management Inc. (private equity firm) since September 2019; Advisor, Horizon Investments (asset management and consulting services) since August 2018; Advisor, Paradigm Asset Management since November 2016; Director of Investments, Casey Family Programs, April 2016-September 2016; Senior Vice President and Chief Investment Officer, Calvert Investments, August 2008 - January 2016; Section Head and Portfolio Manager, General Motors Asset Management, June 1997-August 2008 | 170 | Director, Health Services for Children with Special Needs, Inc.; Director, Consumer Credit Counseling Services (formerly Guidewell Financial Solutions); Independent Director, Investment Committee, Sarona Asset Management |
Sandra Yeager c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2017 | Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 | 172 | Director, NAPE Education Foundation, October 2016-October 2020 |
* | The term “Columbia Funds Complex” as used herein includes Columbia Seligman Premium Technology Growth Fund, Tri-Continental Corporation and each series of Columbia Fund Series Trust (CFST), Columbia Funds Series Trust I (CFST I), Columbia Funds Series Trust II (CFST II), Columbia ETF Trust I, Columbia ETF Trust II, Columbia Funds Variable Insurance Trust (CFVIT) and Columbia Funds Variable Series Trust II (CFVST II). Messrs. Batejan, Gallagher, Petersen and Santomero and Mses. Blatz, Carlton, Flynn, Paglia, Shaw and Yeager serve as a director of Columbia Seligman Premium Technology Growth Fund and Tri-Continental Corporation. |
(a) | J. Kevin Connaughton was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective March 1, 2016. Natalie A. Trunow was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective September 1, 2016. Olive M. Darragh was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective June 10, 2019. Shareholders of the Funds elected Mr. Connaughton and Mses. Darragh and Trunow as Trustees of CFST I, effective January 1, 2021, and of CFVIT, effective July 1, 2020. |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during the past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex overseen | Other directorships held by Trustee during the past five years |
Christopher O. Petersen c/o Columbia Management Investment Advisers, LLC 5228 Ameriprise Financial Center Minneapolis, MN 55474 1970 | Trustee since 2020(a) | Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since January 2015 (previously Vice President and Chief Counsel, January 2010-December 2014); officer of Columbia Funds and affiliated funds since 2007 | 172 | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
(a) | Mr. Petersen serves as the President and Principal Executive Officer of the Columbia Funds (since 2015). |
36 | Columbia Small Cap Value Fund II | Annual Report 2021 |
The Board has appointed officers who are responsible for day-to-day business decisions based on policies it has established. The officers serve at the pleasure of the Board. The following table provides basic information about the Officers of the Fund as of the printing of this report, including principal occupations during the past five years, although their specific titles may have varied over the period. In addition to Mr. Petersen, who is the President and Principal Executive Officer, the Fund’s other officers are:
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Michael G. Clarke 225 Franklin Street Boston, MA 02110 1969 | Chief Financial Officer and Principal Financial Officer (2009) and Senior Vice President (2019) | Vice President, Head of North American Operations, and Co-Head of Global Operations, Columbia Management Investment Advisers, LLC, since June 2019 (previously Vice President – Accounting and Tax, May 2010 – May 2019); senior officer of Columbia Funds and affiliated funds since 2002. |
Joseph Beranek 5890 Ameriprise Financial Center Minneapolis, MN 55474 1965 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) (2019) and Principal Financial Officer (2020), CFST, CFST I, CFST II, CFVIT and CFVST II; Assistant Treasurer, Columbia ETF Trust I and Columbia ETF Trust II | Vice President – Mutual Fund Accounting and Financial Reporting, Columbia Management Investment Advisers, LLC, since December 2018 and March 2017, respectively (previously Vice President – Pricing and Corporate Actions, May 2010 - March 2017). |
Marybeth Pilat 225 Franklin Street Boston, MA 02110 1968 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer (2020) for Columbia ETF Trust I and Columbia ETF Trust II; Assistant Treasurer, CFST, CFST I, CFST II, CFVIT and CFVST II | Vice President – Product Pricing and Administration, Columbia Management Investment Advisers, LLC, since May 2017; Director - Fund Administration, Calvert Investments, August 2015 – March 2017; Vice President - Fund Administration, Legg Mason, May 2015 - July 2015; Vice President - Fund Administration, Columbia Management Investment Advisers, LLC, May 2010 - April 2015. |
William F. Truscott 225 Franklin Street Boston, MA 02110 1960 | Senior Vice President (2001) | Formerly, Trustee of Columbia Funds Complex until January 1, 2021; Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012; Chairman of the Board and President, Columbia Management Investment Advisers, LLC since July 2004 and February 2012, respectively; Chairman of the Board and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since November 2008 and February 2012, respectively; Chairman of the Board and Director, Threadneedle Asset Management Holdings, Sàrl since March 2013 and December 2008, respectively; senior executive of various entities affiliated with Columbia Threadneedle. |
Paul B. Goucher 485 Lexington Avenue New York, NY 10017 1968 | Senior Vice President (2011) and Assistant Secretary (2008) | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since March 2015 (previously Vice President and Assistant Secretary, May 2010 – March 2015). |
Thomas P. McGuire 225 Franklin Street Boston, MA 02110 1972 | Senior Vice President and Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Columbia Acorn/Wanger Funds since December 2015; Chief Compliance Officer, Ameriprise Certificate Company September 2010 – September 2020. |
Colin Moore 225 Franklin Street Boston, MA 02110 1958 | Senior Vice President (2010) | Executive Vice President and Global Chief Investment Officer, Ameriprise Financial, Inc., since July 2013; Executive Vice President and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since July 2013. |
Columbia Small Cap Value Fund II | Annual Report 2021 | 37 |
Fund officers (continued)
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Ryan C. Larrenaga 225 Franklin Street Boston, MA 02110 1970 | Senior Vice President (2017), Chief Legal Officer (2017), and Secretary (2015) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously Vice President and Group Counsel, August 2011 - August 2018); Chief Legal Officer, Columbia Acorn/Wanger Funds, since September 2020; officer of Columbia Funds and affiliated funds since 2005. |
Daniel J. Beckman 225 Franklin Street Boston, MA 02110 1962 | Senior Vice President (2020) | Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015). |
Michael E. DeFao 225 Franklin Street Boston, MA 02110 1968 | Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. |
Lyn Kephart-Strong 5228 Ameriprise Financial Center Minneapolis, MN 55474 1960 | Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Trustee | Votes for | Votes withheld | Abstentions |
George S. Batejan | 1,166,986,012 | 16,252,243 | 0 |
Kathleen Blatz | 1,167,818,192 | 15,420,063 | 0 |
Pamela G. Carlton | 1,167,761,255 | 15,477,001 | 0 |
Janet Langford Carrig | 1,169,443,247 | 13,795,008 | 0 |
J. Kevin Connaughton | 1,168,554,731 | 14,683,525 | 0 |
Olive M. Darragh | 1,169,004,224 | 14,234,032 | 0 |
Patricia M. Flynn | 1,168,110,224 | 15,128,031 | 0 |
Brian J. Gallagher | 1,166,931,187 | 16,307,068 | 0 |
Douglas A. Hacker | 1,168,253,721 | 14,984,535 | 0 |
Nancy T. Lukitsh | 1,169,128,202 | 14,110,053 | 0 |
David M. Moffett | 1,167,387,510 | 15,850,745 | 0 |
Catherine James Paglia | 1,167,159,143 | 16,079,112 | 0 |
Anthony M. Santomero | 1,166,760,857 | 16,477,398 | 0 |
Minor M. Shaw | 1,165,931,084 | 17,307,171 | 0 |
Natalie A. Trunow | 1,168,907,601 | 14,330,655 | 0 |
Sandra Yeager | 1,167,549,796 | 15,688,459 | 0 |
Christopher O. Petersen | 1,167,593,463 | 15,644,793 | 0 |
38 | Columbia Small Cap Value Fund II | Annual Report 2021 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
February 28, 2021
3 | |
6 | |
8 | |
9 | |
14 | |
16 | |
17 | |
20 | |
24 | |
38 | |
39 | |
39 | |
45 |
Average annual total returns (%) (for the period ended February 28, 2021) | |||||
Inception | 1 Year | 5 Years | 10 Years | ||
Class A* | Excluding sales charges | 02/28/13 | 18.68 | 8.89 | 4.86 |
Including sales charges | 11.87 | 7.60 | 4.24 | ||
Advisor Class* | 07/01/15 | 18.86 | 9.17 | 5.18 | |
Class C* | Excluding sales charges | 02/28/13 | 17.66 | 8.07 | 4.07 |
Including sales charges | 16.66 | 8.07 | 4.07 | ||
Institutional Class | 03/31/08 | 18.89 | 9.18 | 5.18 | |
Institutional 2 Class* | 07/01/15 | 18.99 | 9.32 | 5.25 | |
Institutional 3 Class* | 07/01/15 | 19.00 | 9.37 | 5.28 | |
Class R* | 03/01/16 | 18.29 | 8.64 | 4.67 | |
MSCI EAFE Value Index (Net) | 15.99 | 7.23 | 2.97 |
* | 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 | Annual Report 2021 | 3 |
Equity sector breakdown (%) (at February 28, 2021) | |
Communication Services | 6.5 |
Consumer Discretionary | 5.9 |
Consumer Staples | 9.9 |
Energy | 10.1 |
Financials | 27.0 |
Health Care | 8.2 |
Industrials | 12.7 |
Information Technology | 7.1 |
Materials | 9.0 |
Real Estate | 1.4 |
Utilities | 2.2 |
Total | 100.0 |
4 | Columbia Overseas Value Fund | Annual Report 2021 |
Country breakdown (%) (at February 28, 2021) | |
Australia | 1.6 |
Austria | 1.9 |
Canada | 5.7 |
Finland | 2.2 |
France | 13.2 |
Germany | 7.3 |
Hong Kong | 1.5 |
Ireland | 0.3 |
Israel | 2.1 |
Italy | 0.7 |
Japan | 22.2 |
Netherlands | 6.6 |
Norway | 1.9 |
Pakistan | 0.2 |
Russian Federation | 1.3 |
Singapore | 3.0 |
South Korea | 1.7 |
Spain | 2.2 |
Sweden | 0.3 |
Switzerland | 1.1 |
Taiwan | 1.4 |
United Kingdom | 18.4 |
United States(a) | 3.2 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds and Exchange-Traded Funds. |
Columbia Overseas Value Fund | Annual Report 2021 | 5 |
• | The Fund’s outperformance of its benchmark during the period was led primarily by strong stock selection, particularly within the industrials and health care sectors. |
• | Allocations to, and stock selection within, the utilities, consumer staples and financials sectors also benefited the Fund’s performance relative to the benchmark. |
• | Top individual contributors during the period included Covestro AG (Germany), Cameco Corp. (Canada), Stars Group, Signify NV (Netherlands) and Ansell Ltd. (Australia). |
• | From a geographical perspective, the Fund’s out-of-benchmark allocation to the United States helped relative performance, as did stock selection within the Netherlands, United Kingdom and Japan. |
• | Relative to the benchmark, the Fund’s underweight position to the strong-performing materials sector detracted from results. |
• | The Fund’s cash position also weighed on relative performance during the period. |
• | Stock selection within the information technology sector modestly detracted. |
• | Individual Fund holdings that lagged, relative to the benchmark, included British American Tobacco PLC (United Kingdom), Bank Hapoalim BM (Israel) and WH Group Ltd. (Hong Kong). |
• | An underweight position, compared to the benchmark, in the strong performing SoftBank Group Corp. also hurt, as did not owning Siemens AG, Rio Tinto and BHP Group Ltd. |
• | The Fund’s underweight to, and stock selection within, Germany, had a negative impact on relative performance, as did an underweight allocation to Australia and stock selection within Switzerland. |
6 | Columbia Overseas Value Fund | Annual Report 2021 |
Columbia Overseas Value Fund | Annual Report 2021 | 7 |
(Unaudited)
September 1, 2020 — February 28, 2021 | |||||||
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 | 1,185.80 | 1,018.83 | 6.22 | 5.74 | 1.16 |
Advisor Class | 1,000.00 | 1,000.00 | 1,186.30 | 1,020.06 | 4.88 | 4.51 | 0.91 |
Class C | 1,000.00 | 1,000.00 | 1,181.30 | 1,015.15 | 10.22 | 9.44 | 1.91 |
Institutional Class | 1,000.00 | 1,000.00 | 1,187.90 | 1,020.06 | 4.88 | 4.51 | 0.91 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,187.50 | 1,020.50 | 4.40 | 4.06 | 0.82 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,187.70 | 1,020.74 | 4.13 | 3.82 | 0.77 |
Class R | 1,000.00 | 1,000.00 | 1,183.30 | 1,017.61 | 7.55 | 6.98 | 1.41 |
8 | Columbia Overseas Value Fund | Annual Report 2021 |
February 28, 2021
Common Stocks 98.4% | ||
Issuer | Shares | Value ($) |
Australia 1.6% | ||
Ansell Ltd. | 335,511 | 9,324,291 |
BHP Group Ltd., ADR | 303,077 | 23,006,575 |
Total | 32,330,866 | |
Austria 1.9% | ||
Andritz AG | 780,583 | 37,386,816 |
Canada 5.7% | ||
Alimentation Couche-Tard, Inc., Class B | 1,215,480 | 36,533,168 |
Cameco Corp. | 1,104,313 | 17,293,542 |
Teck Resources Ltd., Class B(a) | 902,383 | 18,796,638 |
Teekay Tankers Ltd., Class A(a),(b) | 917,188 | 11,547,397 |
West Fraser Timber Co., Ltd. | 171,391 | 11,716,971 |
Yamana Gold, Inc. | 4,359,345 | 17,480,973 |
Total | 113,368,689 | |
Finland 2.2% | ||
UPM-Kymmene OYJ | 1,156,810 | 44,195,467 |
France 13.2% | ||
AtoS(b) | 341,755 | 26,711,383 |
AXA SA | 2,003,781 | 50,391,610 |
BNP Paribas SA(b) | 895,467 | 53,233,217 |
Capgemini SE | 142,824 | 22,937,551 |
DBV Technologies SA, ADR(b) | 266,978 | 1,428,332 |
Eiffage SA(b) | 127,610 | 13,116,397 |
Sanofi | 321,932 | 29,543,942 |
Total SE | 1,425,822 | 66,486,290 |
Total | 263,848,722 | |
Germany 7.3% | ||
Allianz SE, Registered Shares | 72,596 | 17,521,721 |
Aroundtown SA | 1,654,231 | 12,028,833 |
Bayer AG, Registered Shares | 227,736 | 13,832,958 |
Covestro AG | 487,630 | 35,307,369 |
Duerr AG | 665,769 | 26,247,236 |
E.ON SE | 1,914,173 | 19,517,801 |
KION Group AG | 260,638 | 22,022,852 |
Total | 146,478,770 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Hong Kong 1.6% | ||
WH Group Ltd. | 34,615,000 | 31,046,541 |
Ireland 0.3% | ||
Amarin Corp. PLC, ADR(b) | 243,962 | 1,644,304 |
Flutter Entertainment PLC(b) | 18,548 | 3,585,698 |
Total | 5,230,002 | |
Israel 2.1% | ||
Bank Hapoalim BM(b) | 4,272,965 | 30,104,867 |
Bezeq Israeli Telecommunication Corp., Ltd.(b) | 11,749,882 | 11,490,736 |
Total | 41,595,603 | |
Italy 0.7% | ||
Esprinet SpA(b) | 1,038,123 | 13,212,354 |
Japan 22.2% | ||
Dai-ichi Life Holdings, Inc. | 1,033,400 | 18,366,776 |
Daiwabo Holdings Co., Ltd. | 325,300 | 24,336,484 |
Fujitsu Ltd. | 115,500 | 16,756,554 |
Invincible Investment Corp. | 24,377 | 9,991,169 |
ITOCHU Corp. | 1,457,300 | 43,526,663 |
Kinden Corp. | 962,700 | 15,776,461 |
Koito Manufacturing Co., Ltd. | 322,500 | 21,667,539 |
Matsumotokiyoshi Holdings Co., Ltd. | 721,500 | 28,436,176 |
Mitsui & Co., Ltd. | 316,600 | 6,779,747 |
Nippon Telegraph & Telephone Corp. | 1,002,200 | 25,962,051 |
ORIX Corp. | 2,544,600 | 43,417,803 |
Shionogi & Co., Ltd. | 309,200 | 15,798,975 |
Ship Healthcare Holdings, Inc. | 491,400 | 27,271,288 |
SoftBank Group Corp. | 138,400 | 12,916,802 |
Sony Corp. | 136,500 | 14,414,561 |
Starts Corp., Inc. | 241,100 | 6,319,291 |
Subaru Corp. | 755,200 | 14,236,160 |
Sumitomo Mitsui Financial Group, Inc. | 912,400 | 32,212,664 |
Takeda Pharmaceutical Co., Ltd. | 713,000 | 24,027,260 |
Takuma Co., Ltd. | 739,545 | 14,547,922 |
Toyota Motor Corp. | 369,100 | 27,274,194 |
Total | 444,036,540 |
Columbia Overseas Value Fund | Annual Report 2021 | 9 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Netherlands 6.6% | ||
ABN AMRO Bank NV(b) | 1,749,646 | 20,118,310 |
ASR Nederland NV | 986,742 | 41,226,516 |
ING Groep NV | 4,111,853 | 45,035,965 |
Signify NV(b) | 587,315 | 25,592,153 |
Total | 131,972,944 | |
Norway 1.9% | ||
Leroy Seafood Group ASA | 2,906,624 | 23,352,180 |
Yara International ASA | 312,471 | 15,011,930 |
Total | 38,364,110 | |
Pakistan 0.2% | ||
DG Khan Cement Co., Ltd.(b) | 5,507,427 | 4,744,190 |
Russian Federation 1.3% | ||
Sberbank of Russia PJSC, ADR | 1,850,116 | 26,922,781 |
Singapore 3.0% | ||
BW LPG Ltd. | 1,838,750 | 10,917,313 |
DBS Group Holdings Ltd. | 895,800 | 17,749,922 |
Venture Corp., Ltd. | 2,172,500 | 31,001,353 |
Total | 59,668,588 | |
South Korea 1.7% | ||
GS Retail Co., Ltd. | 373,767 | 12,029,038 |
Hyundai Home Shopping Network Corp. | 100,548 | 7,097,429 |
Youngone Corp.(b) | 375,314 | 13,988,027 |
Total | 33,114,494 | |
Spain 2.2% | ||
ACS Actividades de Construccion y Servicios SA | 495,378 | 15,135,990 |
Endesa SA | 951,899 | 23,521,738 |
Tecnicas Reunidas SA(b) | 397,420 | 5,780,969 |
Total | 44,438,697 | |
Sweden 0.3% | ||
Granges AB(b) | 495,344 | 6,280,804 |
Switzerland 1.1% | ||
Novartis AG, Registered Shares | 262,904 | 22,642,984 |
Taiwan 1.4% | ||
Fubon Financial Holding Co., Ltd. | 15,944,000 | 28,553,396 |
United Kingdom 18.4% | ||
Barclays Bank PLC | 6,976,101 | 15,568,781 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
BP PLC | 6,056,209 | 24,803,371 |
British American Tobacco PLC | 1,459,832 | 50,692,931 |
BT Group PLC(b) | 7,724,879 | 13,371,149 |
Crest Nicholson Holdings PLC(b) | 1,268,094 | 5,680,468 |
DCC PLC | 381,960 | 30,854,351 |
HSBC Holdings PLC(b) | 1,889,946 | 11,321,487 |
Inchcape PLC(b) | 849,102 | 8,421,066 |
John Wood Group PLC(b) | 1,726,128 | 7,256,177 |
Just Group PLC(b) | 21,139,824 | 26,622,845 |
Liberty Global PLC, Class C(b) | 1,151,495 | 27,981,329 |
Micro Focus International PLC(b) | 813,267 | 4,774,556 |
Royal Dutch Shell PLC, Class B | 2,746,866 | 53,847,738 |
TP Icap Group PLC | 11,480,710 | 38,387,822 |
Unilever PLC | 228,431 | 11,907,512 |
Vodafone Group PLC | 13,019,546 | 22,287,419 |
WPP PLC | 1,197,515 | 14,321,614 |
Total | 368,100,616 | |
United States 1.5% | ||
Aerie Pharmaceuticals, Inc.(b) | 203,279 | 3,738,301 |
Burford Capital Ltd.(b) | 1,786,538 | 15,292,765 |
Insmed, Inc.(b) | 116,130 | 4,153,970 |
Quotient Ltd.(b) | 712,725 | 3,200,135 |
Sage Therapeutics, Inc.(b) | 47,397 | 4,028,745 |
Total | 30,413,916 | |
Total Common Stocks (Cost $1,892,030,837) | 1,967,947,890 | |
Exchange-Traded Equity Funds 1.0% | ||
Shares | Value ($) | |
United States 1.0% | ||
iShares MSCI EAFE Value ETF | 404,333 | 19,909,357 |
Total Exchange-Traded Equity Funds (Cost $18,958,807) | 19,909,357 | |
10 | Columbia Overseas Value Fund | Annual Report 2021 |
February 28, 2021
Money Market Funds 0.6% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.086%(c),(d) | 12,844,204 | 12,842,919 |
Total Money Market Funds (Cost $12,842,919) | 12,842,919 | |
Total Investments in Securities (Cost $1,923,832,563) | 2,000,700,166 | |
Other Assets & Liabilities, Net | (277,780) | |
Net Assets | $2,000,422,386 |
Forward foreign currency exchange contracts | |||||
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) |
60,807,000 CAD | 47,391,688 USD | Goldman Sachs International | 03/25/2021 | — | (393,186) |
6,958,000 GBP | 9,493,116 USD | Goldman Sachs International | 03/25/2021 | — | (202,427) |
62,120,000 ILS | 18,895,817 USD | Goldman Sachs International | 03/25/2021 | 122,728 | — |
3,956,994,000 JPY | 37,945,457 USD | Goldman Sachs International | 03/25/2021 | 813,199 | — |
21,087,933,000 KRW | 18,922,278 USD | Goldman Sachs International | 03/25/2021 | 200,285 | — |
37,942,000 SGD | 28,544,989 USD | Goldman Sachs International | 03/25/2021 | 92,203 | — |
529,787,000 TWD | 18,984,699 USD | Goldman Sachs International | 03/25/2021 | — | (70,578) |
66,355,610 USD | 86,760,000 AUD | Goldman Sachs International | 03/25/2021 | 409,178 | — |
15,589,535 USD | 13,896,000 CHF | Goldman Sachs International | 03/25/2021 | — | (301,731) |
9,545,736 USD | 79,594,000 SEK | Goldman Sachs International | 03/25/2021 | — | (116,569) |
Total | 1,637,593 | (1,084,491) |
Call option contracts written | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Premium received ($) | Value ($) |
Teck Resources Ltd. | Morgan Stanley | USD | (8,352,830) | (4,010) | 27.00 | 3/19/2021 | (85,669) | (28,070) |
Teekay Tankers Ltd. | Morgan Stanley | USD | (11,368,770) | (9,030) | 17.50 | 3/19/2021 | (121,670) | (67,725) |
Total | (207,339) | (95,795) |
(a) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(b) | Non-income producing investment. |
(c) | The rate shown is the seven-day current annualized yield at February 28, 2021. |
(d) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended February 28, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.086% | ||||||||
15,491,357 | 634,041,400 | (636,689,125) | (713) | 12,842,919 | (3,817) | 36,887 | 12,844,204 |
ADR | American Depositary Receipt |
Columbia Overseas Value Fund | Annual Report 2021 | 11 |
February 28, 2021
AUD | Australian Dollar |
CAD | Canada Dollar |
CHF | Swiss Franc |
GBP | British Pound |
ILS | Israeli Shekel |
JPY | Japanese Yen |
KRW | South Korean Won |
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 | 23,006,575 | 9,324,291 | — | 32,330,866 |
Austria | — | 37,386,816 | — | 37,386,816 |
Canada | 113,368,689 | — | — | 113,368,689 |
12 | Columbia Overseas Value Fund | Annual Report 2021 |
February 28, 2021
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Finland | — | 44,195,467 | — | 44,195,467 |
France | 1,428,332 | 262,420,390 | — | 263,848,722 |
Germany | — | 146,478,770 | — | 146,478,770 |
Hong Kong | — | 31,046,541 | — | 31,046,541 |
Ireland | 1,644,304 | 3,585,698 | — | 5,230,002 |
Israel | — | 41,595,603 | — | 41,595,603 |
Italy | — | 13,212,354 | — | 13,212,354 |
Japan | — | 444,036,540 | — | 444,036,540 |
Netherlands | — | 131,972,944 | — | 131,972,944 |
Norway | — | 38,364,110 | — | 38,364,110 |
Pakistan | — | 4,744,190 | — | 4,744,190 |
Russian Federation | — | 26,922,781 | — | 26,922,781 |
Singapore | — | 59,668,588 | — | 59,668,588 |
South Korea | — | 33,114,494 | — | 33,114,494 |
Spain | — | 44,438,697 | — | 44,438,697 |
Sweden | — | 6,280,804 | — | 6,280,804 |
Switzerland | — | 22,642,984 | — | 22,642,984 |
Taiwan | — | 28,553,396 | — | 28,553,396 |
United Kingdom | 27,981,329 | 340,119,287 | — | 368,100,616 |
United States | 30,413,916 | — | — | 30,413,916 |
Total Common Stocks | 197,843,145 | 1,770,104,745 | — | 1,967,947,890 |
Exchange-Traded Equity Funds | 19,909,357 | — | — | 19,909,357 |
Money Market Funds | 12,842,919 | — | — | 12,842,919 |
Total Investments in Securities | 230,595,421 | 1,770,104,745 | — | 2,000,700,166 |
Investments in Derivatives | ||||
Asset | ||||
Forward Foreign Currency Exchange Contracts | — | 1,637,593 | — | 1,637,593 |
Liability | ||||
Forward Foreign Currency Exchange Contracts | — | (1,084,491) | — | (1,084,491) |
Options Contracts Written | (95,795) | — | — | (95,795) |
Total | 230,499,626 | 1,770,657,847 | — | 2,001,157,473 |
Columbia Overseas Value Fund | Annual Report 2021 | 13 |
February 28, 2021
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,910,989,644) | $1,987,857,247 |
Affiliated issuers (cost $12,842,919) | 12,842,919 |
Unrealized appreciation on forward foreign currency exchange contracts | 1,637,593 |
Receivable for: | |
Investments sold | 1,951,401 |
Capital shares sold | 8,289,128 |
Dividends | 1,355,855 |
Foreign tax reclaims | 2,001,398 |
Expense reimbursement due from Investment Manager | 3,954 |
Prepaid expenses | 27,886 |
Total assets | 2,015,967,381 |
Liabilities | |
Option contracts written, at value (premiums received $207,339) | 95,795 |
Due to custodian | 866 |
Unrealized depreciation on forward foreign currency exchange contracts | 1,084,491 |
Payable for: | |
Investments purchased | 11,244,517 |
Capital shares purchased | 2,548,750 |
Management services fees | 44,066 |
Distribution and/or service fees | 2,979 |
Transfer agent fees | 152,129 |
Compensation of board members | 239,536 |
Compensation of chief compliance officer | 13 |
Other expenses | 131,853 |
Total liabilities | 15,544,995 |
Net assets applicable to outstanding capital stock | $2,000,422,386 |
Represented by | |
Paid in capital | 2,243,190,115 |
Total distributable earnings (loss) | (242,767,729) |
Total - representing net assets applicable to outstanding capital stock | $2,000,422,386 |
14 | Columbia Overseas Value Fund | Annual Report 2021 |
February 28, 2021
Class A | |
Net assets | $320,614,914 |
Shares outstanding | 32,106,449 |
Net asset value per share | $9.99 |
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) | $10.60 |
Advisor Class | |
Net assets | $288,181,677 |
Shares outstanding | 28,927,179 |
Net asset value per share | $9.96 |
Class C | |
Net assets | $22,436,488 |
Shares outstanding | 2,263,194 |
Net asset value per share | $9.91 |
Institutional Class | |
Net assets | $402,867,706 |
Shares outstanding | 40,264,550 |
Net asset value per share | $10.01 |
Institutional 2 Class | |
Net assets | $547,159,342 |
Shares outstanding | 55,010,403 |
Net asset value per share | $9.95 |
Institutional 3 Class | |
Net assets | $410,541,047 |
Shares outstanding | 41,224,813 |
Net asset value per share | $9.96 |
Class R | |
Net assets | $8,621,212 |
Shares outstanding | 885,934 |
Net asset value per share | $9.73 |
Columbia Overseas Value Fund | Annual Report 2021 | 15 |
Year Ended February 28, 2021
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $48,616,368 |
Dividends — affiliated issuers | 36,887 |
Foreign taxes withheld | (4,458,511) |
Total income | 44,194,744 |
Expenses: | |
Management services fees | 12,831,802 |
Distribution and/or service fees | |
Class A | 708,320 |
Class C | 230,586 |
Class R | 36,231 |
Transfer agent fees | |
Class A | 454,278 |
Advisor Class | 346,240 |
Class C | 36,973 |
Institutional Class | 572,488 |
Institutional 2 Class | 255,056 |
Institutional 3 Class | 22,999 |
Class R | 11,608 |
Compensation of board members | 65,748 |
Custodian fees | 218,481 |
Printing and postage fees | 182,262 |
Registration fees | 141,254 |
Audit fees | 149,165 |
Legal fees | 23,146 |
Interest on collateral | 296 |
Interest on interfund lending | 3,382 |
Compensation of chief compliance officer | 357 |
Other | 174,202 |
Total expenses | 16,464,874 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (1,492,415) |
Fees waived by transfer agent | |
Institutional 2 Class | (24,866) |
Expense reduction | (280) |
Total net expenses | 14,947,313 |
Net investment income | 29,247,431 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (39,345,547) |
Investments — affiliated issuers | (3,817) |
Foreign currency translations | (14,820) |
Forward foreign currency exchange contracts | 782,195 |
Options purchased | (898,174) |
Options contracts written | 898,877 |
Net realized loss | (38,581,286) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 271,625,112 |
Investments — affiliated issuers | (713) |
Foreign currency translations | 144,501 |
Forward foreign currency exchange contracts | 1,443,784 |
Options purchased | (89,647) |
Options contracts written | 111,544 |
Net change in unrealized appreciation (depreciation) | 273,234,581 |
Net realized and unrealized gain | 234,653,295 |
Net increase in net assets resulting from operations | $263,900,726 |
16 | Columbia Overseas Value Fund | Annual Report 2021 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $29,247,431 | $46,304,494 |
Net realized gain (loss) | (38,581,286) | 27,335,529 |
Net change in unrealized appreciation (depreciation) | 273,234,581 | (143,525,362) |
Net increase (decrease) in net assets resulting from operations | 263,900,726 | (69,885,339) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (4,679,448) | (12,173,862) |
Advisor Class | (4,113,864) | (8,445,439) |
Class C | (221,278) | (1,005,856) |
Institutional Class | (6,665,431) | (18,507,512) |
Institutional 2 Class | (8,976,802) | (21,627,056) |
Institutional 3 Class | (4,989,626) | (10,936,273) |
Class R | (105,374) | (257,575) |
Total distributions to shareholders | (29,751,823) | (72,953,573) |
Increase in net assets from capital stock activity | 14,195,808 | 130,646,357 |
Total increase (decrease) in net assets | 248,344,711 | (12,192,555) |
Net assets at beginning of year | 1,752,077,675 | 1,764,270,230 |
Net assets at end of year | $2,000,422,386 | $1,752,077,675 |
Columbia Overseas Value Fund | Annual Report 2021 | 17 |
Year Ended | Year Ended | |||
February 28, 2021 | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 5,649,789 | 46,683,648 | 6,127,924 | 57,347,219 |
Distributions reinvested | 500,549 | 4,511,486 | 1,209,112 | 11,700,791 |
Redemptions | (10,174,739) | (84,461,850) | (8,137,467) | (75,738,653) |
Net decrease | (4,024,401) | (33,266,716) | (800,431) | (6,690,643) |
Advisor Class | ||||
Subscriptions | 19,057,164 | 156,298,198 | 14,289,588 | 131,823,892 |
Distributions reinvested | 451,710 | 4,100,981 | 875,678 | 8,444,871 |
Redemptions | (15,215,267) | (122,206,468) | (8,022,754) | (74,168,783) |
Net increase | 4,293,607 | 38,192,711 | 7,142,512 | 66,099,980 |
Class C | ||||
Subscriptions | 430,551 | 3,615,079 | 559,233 | 5,214,228 |
Distributions reinvested | 25,186 | 215,435 | 101,570 | 978,120 |
Redemptions | (1,557,708) | (12,960,986) | (1,880,320) | (17,293,672) |
Net decrease | (1,101,971) | (9,130,472) | (1,219,517) | (11,101,324) |
Institutional Class | ||||
Subscriptions | 19,275,980 | 159,111,887 | 22,205,355 | 206,972,718 |
Distributions reinvested | 700,908 | 6,375,932 | 1,852,312 | 17,935,604 |
Redemptions | (31,446,557) | (243,935,033) | (19,028,873) | (177,456,130) |
Net increase (decrease) | (11,469,669) | (78,447,214) | 5,028,794 | 47,452,192 |
Institutional 2 Class | ||||
Subscriptions | 19,386,268 | 162,369,386 | 12,158,615 | 112,681,798 |
Distributions reinvested | 984,166 | 8,975,679 | 2,247,844 | 21,625,580 |
Redemptions | (23,270,768) | (178,520,751) | (14,502,449) | (134,453,160) |
Net decrease | (2,900,334) | (7,175,686) | (95,990) | (145,782) |
Institutional 3 Class | ||||
Subscriptions | 32,159,038 | 286,411,490 | 9,283,296 | 85,767,709 |
Distributions reinvested | 549,666 | 4,980,697 | 1,135,561 | 10,936,162 |
Redemptions | (22,044,289) | (187,438,300) | (6,815,245) | (63,661,555) |
Net increase | 10,664,415 | 103,953,887 | 3,603,612 | 33,042,316 |
Class R | ||||
Subscriptions | 427,100 | 3,325,459 | 448,384 | 4,084,889 |
Distributions reinvested | 11,815 | 103,286 | 24,432 | 230,639 |
Redemptions | (417,258) | (3,359,447) | (258,643) | (2,325,910) |
Net increase | 21,657 | 69,298 | 214,173 | 1,989,618 |
Total net increase (decrease) | (4,516,696) | 14,195,808 | 13,873,153 | 130,646,357 |
18 | Columbia Overseas Value Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $8.55 | 0.14 | 1.44 | 1.58 | (0.10) | (0.04) | (0.14) |
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) |
Advisor Class | |||||||
Year Ended 2/28/2021 | $8.53 | 0.16 | 1.43 | 1.59 | (0.12) | (0.04) | (0.16) |
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) |
Class C | |||||||
Year Ended 2/28/2021 | $8.50 | 0.08 | 1.41 | 1.49 | (0.04) | (0.04) | (0.08) |
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) |
Institutional Class | |||||||
Year Ended 2/28/2021 | $8.57 | 0.16 | 1.44 | 1.60 | (0.12) | (0.04) | (0.16) |
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) |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $8.52 | 0.16 | 1.44 | 1.60 | (0.13) | (0.04) | (0.17) |
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) |
20 | Columbia Overseas Value Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $9.99 | 18.68% | 1.28%(c),(d) | 1.18%(c),(d),(e) | 1.65% | 54% | $320,615 |
Year Ended 2/29/2020 | $8.55 | (4.10%) | 1.24%(c) | 1.22%(c),(e) | 2.35% | 35% | $309,065 |
Year Ended 2/28/2019 | $9.24 | (7.96%) | 1.29%(c),(d) | 1.25%(c),(d),(e) | 2.80% | 58% | $341,198 |
Year Ended 2/28/2018 | $10.37 | 25.72% | 1.36%(f) | 1.36%(e),(f) | 1.41% | 47% | $363,817 |
Year Ended 2/28/2017 | $8.52 | 16.25% | 1.45%(g) | 1.45%(g) | 2.13% | 89% | $243,879 |
Advisor Class | |||||||
Year Ended 2/28/2021 | $9.96 | 18.86% | 1.03%(c),(d) | 0.93%(c),(d),(e) | 1.85% | 54% | $288,182 |
Year Ended 2/29/2020 | $8.53 | (3.78%) | 0.99%(c) | 0.97%(c),(e) | 2.41% | 35% | $210,152 |
Year Ended 2/28/2019 | $9.21 | (7.80%) | 1.04%(c),(d) | 0.99%(c),(d),(e) | 2.96% | 58% | $161,150 |
Year Ended 2/28/2018 | $10.35 | 26.18% | 1.11%(f) | 1.10%(e),(f) | 1.47% | 47% | $78,634 |
Year Ended 2/28/2017 | $8.49 | 16.55% | 1.20%(g) | 1.20%(g) | 1.48% | 89% | $23,666 |
Class C | |||||||
Year Ended 2/28/2021 | $9.91 | 17.66% | 2.03%(c),(d) | 1.93%(c),(d),(e) | 0.98% | 54% | $22,436 |
Year Ended 2/29/2020 | $8.50 | (4.81%) | 1.99%(c) | 1.97%(c),(e) | 1.73% | 35% | $28,608 |
Year Ended 2/28/2019 | $9.20 | (8.60%) | 2.04%(c),(d) | 2.00%(c),(d),(e) | 2.09% | 58% | $42,165 |
Year Ended 2/28/2018 | $10.31 | 24.87% | 2.11%(f) | 2.10%(e),(f) | 0.61% | 47% | $44,594 |
Year Ended 2/28/2017 | $8.48 | 15.32% | 2.20%(g) | 2.20%(g) | 0.80% | 89% | $20,829 |
Institutional Class | |||||||
Year Ended 2/28/2021 | $10.01 | 18.89% | 1.03%(c),(d) | 0.93%(c),(d),(e) | 1.93% | 54% | $402,868 |
Year Ended 2/29/2020 | $8.57 | (3.76%) | 0.99%(c) | 0.97%(c),(e) | 2.54% | 35% | $443,217 |
Year Ended 2/28/2019 | $9.25 | (7.69%) | 1.04%(c),(d) | 1.00%(c),(d),(e) | 3.05% | 58% | $432,061 |
Year Ended 2/28/2018 | $10.38 | 25.94% | 1.11%(f) | 1.10%(e),(f) | 1.46% | 47% | $309,845 |
Year Ended 2/28/2017 | $8.53 | 16.63% | 1.20%(g) | 1.20%(g) | 1.52% | 89% | $57,964 |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $9.95 | 18.99% | 0.93%(c),(d) | 0.84%(c),(d) | 1.92% | 54% | $547,159 |
Year Ended 2/29/2020 | $8.52 | (3.68%) | 0.90%(c) | 0.86%(c) | 2.70% | 35% | $493,226 |
Year Ended 2/28/2019 | $9.20 | (7.61%) | 0.96%(c),(d) | 0.88%(c),(d) | 3.39% | 58% | $533,584 |
Year Ended 2/28/2018 | $10.33 | 26.23% | 0.99%(f) | 0.98%(f) | 1.82% | 47% | $68,822 |
Year Ended 2/28/2017 | $8.48 | 16.79% | 0.98%(g) | 0.98%(g) | 1.82% | 89% | $29,936 |
Columbia Overseas Value Fund | Annual Report 2021 | 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 | |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $8.53 | 0.16 | 1.44 | 1.60 | (0.13) | (0.04) | (0.17) |
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) |
Class R | |||||||
Year Ended 2/28/2021 | $8.34 | 0.11 | 1.40 | 1.51 | (0.08) | (0.04) | (0.12) |
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(h) | $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) | Ratios include interest on collateral expense which is less than 0.01%. |
(d) | Ratios include interfund lending expense which is less than 0.01%. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | Ratios include line of credit interest expense which is less than 0.01%. |
(g) | 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% |
(h) | Class R shares commenced operations on March 1, 2016. Per share data and total return reflect activity from that date. |
(i) | Annualized. |
22 | Columbia Overseas Value Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $9.96 | 19.00% | 0.88%(c),(d) | 0.79%(c),(d) | 1.93% | 54% | $410,541 |
Year Ended 2/29/2020 | $8.53 | (3.65%) | 0.85%(c) | 0.83%(c) | 2.67% | 35% | $260,599 |
Year Ended 2/28/2019 | $9.21 | (7.64%) | 0.89%(c),(d) | 0.85%(c),(d) | 3.11% | 58% | $248,248 |
Year Ended 2/28/2018 | $10.35 | 26.37% | 0.94%(f) | 0.93%(f) | 2.08% | 47% | $340,651 |
Year Ended 2/28/2017 | $8.49 | 16.95% | 0.95%(g) | 0.95%(g) | 0.85% | 89% | $13,916 |
Class R | |||||||
Year Ended 2/28/2021 | $9.73 | 18.29% | 1.53%(c),(d) | 1.43%(c),(d),(e) | 1.36% | 54% | $8,621 |
Year Ended 2/29/2020 | $8.34 | (4.30%) | 1.49%(c) | 1.47%(c),(e) | 2.00% | 35% | $7,209 |
Year Ended 2/28/2019 | $9.02 | (8.20%) | 1.55%(c),(d) | 1.49%(c),(d),(e) | 2.47% | 58% | $5,864 |
Year Ended 2/28/2018 | $10.13 | 25.46% | 1.61%(f) | 1.59%(e),(f) | 0.80% | 47% | $3,099 |
Year Ended 2/28/2017(h) | $8.33 | 13.47% | 1.70%(g),(i) | 1.70%(g),(i) | 0.72%(i) | 89% | $972 |
Columbia Overseas Value Fund | Annual Report 2021 | 23 |
February 28, 2021
24 | Columbia Overseas Value Fund | Annual Report 2021 |
February 28, 2021
Columbia Overseas Value Fund | Annual Report 2021 | 25 |
February 28, 2021
26 | Columbia Overseas Value Fund | Annual Report 2021 |
February 28, 2021
Columbia Overseas Value Fund | Annual Report 2021 | 27 |
February 28, 2021
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | 1,637,593 |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Options contracts written, at value | 95,795 |
Foreign exchange risk | Unrealized depreciation on forward foreign currency exchange contracts | 1,084,491 |
Total | 1,180,286 |
Amount of realized gain (loss) on derivatives recognized in income | ||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Options contracts written ($) | Options contracts purchased ($) | Total ($) |
Equity risk | — | 898,877 | (898,174) | 703 |
Foreign exchange risk | 782,195 | — | — | 782,195 |
Total | 782,195 | 898,877 | (898,174) | 782,898 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Options contracts written ($) | Options contracts purchased ($) | Total ($) |
Equity risk | — | 111,544 | (89,647) | 21,897 |
Foreign exchange risk | 1,443,784 | — | — | 1,443,784 |
Total | 1,443,784 | 111,544 | (89,647) | 1,465,681 |
Derivative instrument | Average value ($) |
Options contracts — purchased | 22,504* |
Options contracts — written | (98,183)** |
Derivative instrument | Average unrealized appreciation ($)** | Average unrealized depreciation ($)** |
Forward foreign currency exchange contracts | 1,444,214 | (1,432,862) |
* | Based on the ending daily outstanding amounts for the year ended February 28, 2021. |
** | Based on the ending quarterly outstanding amounts for the year ended February 28, 2021. |
28 | Columbia Overseas Value Fund | Annual Report 2021 |
February 28, 2021
Goldman Sachs International ($) | Morgan Stanley ($) | Total ($) | |
Assets | |||
Forward foreign currency exchange contracts | 1,637,593 | - | 1,637,593 |
Total assets | 1,637,593 | - | 1,637,593 |
Liabilities | |||
Forward foreign currency exchange contracts | 1,084,491 | - | 1,084,491 |
Options contracts written | - | 95,795 | 95,795 |
Total liabilities | 1,084,491 | 95,795 | 1,180,286 |
Total financial and derivative net assets | 553,102 | (95,795) | 457,307 |
Total collateral received (pledged) (a) | - | (95,795) | (95,795) |
Net amount (b) | 553,102 | - | 553,102 |
(a) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(b) | Represents the net amount due from/(to) counterparties in the event of default. |
Columbia Overseas Value Fund | Annual Report 2021 | 29 |
February 28, 2021
30 | Columbia Overseas Value Fund | Annual Report 2021 |
February 28, 2021
Effective rate (%) | |
Class A | 0.16 |
Advisor Class | 0.16 |
Class C | 0.16 |
Institutional Class | 0.16 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.01 |
Class R | 0.16 |
Columbia Overseas Value Fund | Annual Report 2021 | 31 |
February 28, 2021
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 118,405 |
Class C | — | 1.00(b) | 1,764 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
July 1, 2020 through June 30, 2021 | Prior to July 1, 2020 | |
Class A | 1.16% | 1.22% |
Advisor Class | 0.91 | 0.97 |
Class C | 1.91 | 1.97 |
Institutional Class | 0.91 | 0.97 |
Institutional 2 Class | 0.82 | 0.86 |
Institutional 3 Class | 0.77 | 0.83 |
Class R | 1.41 | 1.47 |
32 | Columbia Overseas Value Fund | Annual Report 2021 |
February 28, 2021
Excess of distributions over net investment income ($) | Accumulated net realized (loss) ($) | Paid in capital ($) |
1,228,867 | (1,228,867) | — |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | ||||
Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
21,683,330 | 8,068,493 | 29,751,823 | 68,750,130 | 4,203,443 | 72,953,573 |
Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
8,688,475 | — | (310,045,621) | 58,744,251 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,942,413,222 | 223,574,705 | (164,830,454) | 58,744,251 |
No expiration short-term ($) | No expiration long-term ($) | Total ($) | Utilized ($) |
(31,715,473) | (278,330,148) | (310,045,621) | — |
Columbia Overseas Value Fund | Annual Report 2021 | 33 |
February 28, 2021
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 24,850,000 | 1.16 | 6 |
34 | Columbia Overseas Value Fund | Annual Report 2021 |
February 28, 2021
Columbia Overseas Value Fund | Annual Report 2021 | 35 |
February 28, 2021
36 | Columbia Overseas Value Fund | Annual Report 2021 |
February 28, 2021
Columbia Overseas Value Fund | Annual Report 2021 | 37 |
38 | Columbia Overseas Value Fund | Annual Report 2021 |
Qualified dividend income | Foreign taxes paid to foreign countries | Foreign taxes paid per share to foreign countries | Foreign source income | Foreign source income per share |
100.00% | $4,532,899 | $0.02 | $48,384,743 | $0.24 |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
George S. Batejan c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1953 | Trustee since 2017 | Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 | 172 | Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018 |
Columbia Overseas Value Fund | Annual Report 2021 | 39 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Kathleen Blatz c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2006 | Attorney; specializing in arbitration and mediation; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member and Interim Chair, Minnesota Sports Facilities Authority, January 2017-July 2017; Interim President and Chief Executive Officer, Blue Cross and Blue Shield of Minnesota (health care insurance), February-July 2018 | 172 | Trustee, BlueCross BlueShield of Minnesota since 2009 (Chair of the Business Development Committee - 2014-2017; Chair of the Governance Committee, 2017-2019); former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017-July 2017; Director, Robina Foundation, 2009-2020 (Chair, 2014-2020) |
Pamela G. Carlton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2007 | President, Springboard — Partners in Cross Cultural Leadership (consulting company) since 2003; Managing Director of US Equity Research, JP Morgan Chase, 1999-2003; Director of US Equity Research, Chase Asset Management, 1996-1999; Co-Director Latin America Research, 1993-1996, COO Global Research, 1992-1996, Co-Director of US Research, 1991-1992, Investment Banker, 1982-1991, Morgan Stanley; Attorney at Cleary Gottlieb Steen & Hamilton LLP, 1980-1982 | 172 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of People Committee) since 1996; Director, DR Bank (Audit Committee) since 2017; Director, Evercore Inc. (Audit Committee, Nominating and Governance Committee) since 2019 |
Janet Langford Carrig c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1957 | Trustee since 1996 | Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (independent energy company), September 2007-October 2018 | 170 | Director, EQT Corporation (natural gas producer) since 2019; Director, Whiting Petroleum Corporation (independent oil and gas company) since 2020 |
J. Kevin Connaughton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2020(a) | Member, FINRA National Adjudicatory Council since January 2020; Adjunct Professor of Finance, Bentley University since January 2018; Managing Director and General Manager of Mutual Fund Products, Columbia Management Investment Advisers, LLC, May 2010-February 2015; President, Columbia Funds, 2008-2015; and senior officer of Columbia Funds and affiliated funds, 2003-2015 | 170 | Director, The Autism Project since March 2015; former Member of the Investment Committee, St. Michael’s College, November 2015-February 2020; former Trustee, St. Michael’s College, June 2017-September 2019; former Trustee, New Century Portfolios, January 2015-December 2017 |
Olive M. Darragh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1962 | Trustee since 2020(a) | Managing Director of Darragh Inc. (strategy and talent management consulting firm) since 2010; Founder and CEO, Zolio, Inc. (investment management talent identification platform) since 2004; Partner, Tudor Investments, 2004-2010; Senior Partner, McKinsey & Company (consulting), 2001-2004 | 170 | Former Director, University of Edinburgh Business School (Member of US Board); former Director, Boston Public Library Foundation |
40 | Columbia Overseas Value Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Patricia M. Flynn c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1950 | Trustee since 2004 | Trustee Professor of Economics and Management, Bentley University since 1976 (also teaches and conducts research on corporate governance); Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 | 172 | Trustee, MA Taxpayers Foundation since 1997; Board of Governors, Innovation Institute, MA Technology Collaborative, 2010-2019; Board of Directors, The MA Business Roundtable, 2003-2019 |
Brian J. Gallagher c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2017 | Retired; Partner with Deloitte & Touche LLP and its predecessors, 1977-2016 | 172 | Trustee, Catholic Schools Foundation since 2004 |
Douglas A. Hacker c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1955 | Co-Chair since 2021; Chair of CFST I and CFVIT since 2014; Trustee of CFST I and CFVIT since 1996 and CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2021 | Independent business executive since May 2006; Executive Vice President – Strategy of United Airlines, December 2002 - May 2006; President of UAL Loyalty Services (airline marketing company), September 2001-December 2002; Executive Vice President and Chief Financial Officer of United Airlines, July 1999-September 2001 | 170 | Director, Spartan Nash Company (food distributor); Director, Aircastle Limited (Chair of Audit Committee) (aircraft leasing); former Director, Nash Finch Company (food distributor), 2005-2013; former Director, SeaCube Container Leasing Ltd. (container leasing), 2010-2013; and former Director, Travelport Worldwide Limited (travel information technology), 2014-2019 |
Nancy T. Lukitsh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1956 | Trustee since 2011 | Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser), 1997-2010; Chair, Wellington Management Portfolios (commingled non-U.S. investment pools), 2007 -2010; Director, Wellington Trust Company, NA and other Wellington affiliates, 1997-2010 | 170 | |
David M. Moffett c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Trustee since 2011 | Retired; Consultant to Bridgewater and Associates | 170 | Director, CSX Corporation (transportation suppliers); Director, Genworth Financial, Inc. (financial and insurance products and services); Director, PayPal Holdings Inc. (payment and data processing services); Trustee, University of Oklahoma Foundation; former Director, eBay Inc. (online trading community), 2007-2015; and former Director, CIT Bank, CIT Group Inc. (commercial and consumer finance), 2010-2016 |
Columbia Overseas Value Fund | Annual Report 2021 | 41 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Catherine James Paglia c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Co-Chair since 2021; Chair of CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2020; Trustee of CFST, CFST II and CFVST II since 2004 and CFST I and CFVIT since 2021 | Director, Enterprise Asset Management, Inc. (private real estate and asset management company) since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989-1997; Vice President, 1982-1985, Principal, 1985-1987, Managing Director, 1987-1989, Morgan Stanley; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. | 172 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012; Trustee, Carleton College (on the Investment Committee); Trustee, Carnegie Endowment for International Peace (on the Investment Committee) |
Anthony M. Santomero c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1946 | Trustee since 2008 | Richard K. Mellon Professor Emeritus of Finance, The Wharton School, University of Pennsylvania, since 2002; Senior Advisor, McKinsey & Company (consulting), 2006-2008; President, Federal Reserve Bank of Philadelphia, 2000-2006; Professor of Finance, The Wharton School, University of Pennsylvania, 1972-2002 | 172 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, RenaissanceRe Holdings Ltd. since May 2008; former Director, Citigroup Inc. and Citibank, N.A., 2009-2019; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 |
Minor M. Shaw c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1947 | Trustee since 2003 | President, Micco LLC (private investments) since 2011; President, Micco Corp. (family investment business), 1998-2011 | 172 | Director, BlueCross BlueShield of South Carolina (Chair of Compensation Committee) since April 2008; Trustee, Hollingsworth Funds (on the Investment Committee) since 2016 (previously Board Chair from 2016-2019); Former Advisory Board member, Duke Energy Corp., 2016-2020; Chair of the Duke Endowment; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016; former Director, National Association of Corporate Directors, Carolinas Chapter, 2013-2018; Chair, Daniel-Mickel Foundation |
42 | Columbia Overseas Value Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Natalie A. Trunow c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1967 | Trustee since 2020(a) | Chief Executive Officer, Millennial Portfolio Solutions LLC (asset management and consulting services) since January 2016; Non-executive Member of the Investment Committee, Sarona Asset Management Inc. (private equity firm) since September 2019; Advisor, Horizon Investments (asset management and consulting services) since August 2018; Advisor, Paradigm Asset Management since November 2016; Director of Investments, Casey Family Programs, April 2016-September 2016; Senior Vice President and Chief Investment Officer, Calvert Investments, August 2008 - January 2016; Section Head and Portfolio Manager, General Motors Asset Management, June 1997-August 2008 | 170 | Director, Health Services for Children with Special Needs, Inc.; Director, Consumer Credit Counseling Services (formerly Guidewell Financial Solutions); Independent Director, Investment Committee, Sarona Asset Management |
Sandra Yeager c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2017 | Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 | 172 | Director, NAPE Education Foundation, October 2016-October 2020 |
* | The term “Columbia Funds Complex” as used herein includes Columbia Seligman Premium Technology Growth Fund, Tri-Continental Corporation and each series of Columbia Fund Series Trust (CFST), Columbia Funds Series Trust I (CFST I), Columbia Funds Series Trust II (CFST II), Columbia ETF Trust I, Columbia ETF Trust II, Columbia Funds Variable Insurance Trust (CFVIT) and Columbia Funds Variable Series Trust II (CFVST II). Messrs. Batejan, Gallagher, Petersen and Santomero and Mses. Blatz, Carlton, Flynn, Paglia, Shaw and Yeager serve as a director of Columbia Seligman Premium Technology Growth Fund and Tri-Continental Corporation. |
(a) | J. Kevin Connaughton was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective March 1, 2016. Natalie A. Trunow was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective September 1, 2016. Olive M. Darragh was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective June 10, 2019. Shareholders of the Funds elected Mr. Connaughton and Mses. Darragh and Trunow as Trustees of CFST I, effective January 1, 2021, and of CFVIT, effective July 1, 2020. |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during the past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex overseen | Other directorships held by Trustee during the past five years |
Christopher O. Petersen c/o Columbia Management Investment Advisers, LLC 5228 Ameriprise Financial Center Minneapolis, MN 55474 1970 | Trustee since 2020(a) | Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since January 2015 (previously Vice President and Chief Counsel, January 2010-December 2014); officer of Columbia Funds and affiliated funds since 2007 | 172 | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
(a) | Mr. Petersen serves as the President and Principal Executive Officer of the Columbia Funds (since 2015). |
Columbia Overseas Value Fund | Annual Report 2021 | 43 |
The Board has appointed officers who are responsible for day-to-day business decisions based on policies it has established. The officers serve at the pleasure of the Board. The following table provides basic information about the Officers of the Fund as of the printing of this report, including principal occupations during the past five years, although their specific titles may have varied over the period. In addition to Mr. Petersen, who is the President and Principal Executive Officer, the Fund’s other officers are:
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Michael G. Clarke 225 Franklin Street Boston, MA 02110 1969 | Chief Financial Officer and Principal Financial Officer (2009) and Senior Vice President (2019) | Vice President, Head of North American Operations, and Co-Head of Global Operations, Columbia Management Investment Advisers, LLC, since June 2019 (previously Vice President – Accounting and Tax, May 2010 – May 2019); senior officer of Columbia Funds and affiliated funds since 2002. |
Joseph Beranek 5890 Ameriprise Financial Center Minneapolis, MN 55474 1965 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) (2019) and Principal Financial Officer (2020), CFST, CFST I, CFST II, CFVIT and CFVST II; Assistant Treasurer, Columbia ETF Trust I and Columbia ETF Trust II | Vice President – Mutual Fund Accounting and Financial Reporting, Columbia Management Investment Advisers, LLC, since December 2018 and March 2017, respectively (previously Vice President – Pricing and Corporate Actions, May 2010 - March 2017). |
Marybeth Pilat 225 Franklin Street Boston, MA 02110 1968 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer (2020) for Columbia ETF Trust I and Columbia ETF Trust II; Assistant Treasurer, CFST, CFST I, CFST II, CFVIT and CFVST II | Vice President – Product Pricing and Administration, Columbia Management Investment Advisers, LLC, since May 2017; Director - Fund Administration, Calvert Investments, August 2015 – March 2017; Vice President - Fund Administration, Legg Mason, May 2015 - July 2015; Vice President - Fund Administration, Columbia Management Investment Advisers, LLC, May 2010 - April 2015. |
William F. Truscott 225 Franklin Street Boston, MA 02110 1960 | Senior Vice President (2001) | Formerly, Trustee of Columbia Funds Complex until January 1, 2021; Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012; Chairman of the Board and President, Columbia Management Investment Advisers, LLC since July 2004 and February 2012, respectively; Chairman of the Board and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since November 2008 and February 2012, respectively; Chairman of the Board and Director, Threadneedle Asset Management Holdings, Sàrl since March 2013 and December 2008, respectively; senior executive of various entities affiliated with Columbia Threadneedle. |
Paul B. Goucher 485 Lexington Avenue New York, NY 10017 1968 | Senior Vice President (2011) and Assistant Secretary (2008) | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since March 2015 (previously Vice President and Assistant Secretary, May 2010 – March 2015). |
Thomas P. McGuire 225 Franklin Street Boston, MA 02110 1972 | Senior Vice President and Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Columbia Acorn/Wanger Funds since December 2015; Chief Compliance Officer, Ameriprise Certificate Company September 2010 – September 2020. |
Colin Moore 225 Franklin Street Boston, MA 02110 1958 | Senior Vice President (2010) | Executive Vice President and Global Chief Investment Officer, Ameriprise Financial, Inc., since July 2013; Executive Vice President and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since July 2013. |
44 | Columbia Overseas Value Fund | Annual Report 2021 |
Fund officers (continued)
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Ryan C. Larrenaga 225 Franklin Street Boston, MA 02110 1970 | Senior Vice President (2017), Chief Legal Officer (2017), and Secretary (2015) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously Vice President and Group Counsel, August 2011 - August 2018); Chief Legal Officer, Columbia Acorn/Wanger Funds, since September 2020; officer of Columbia Funds and affiliated funds since 2005. |
Daniel J. Beckman 225 Franklin Street Boston, MA 02110 1962 | Senior Vice President (2020) | Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015). |
Michael E. DeFao 225 Franklin Street Boston, MA 02110 1968 | Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. |
Lyn Kephart-Strong 5228 Ameriprise Financial Center Minneapolis, MN 55474 1960 | Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Trustee | Votes for | Votes withheld | Abstentions |
George S. Batejan | 1,166,986,012 | 16,252,243 | 0 |
Kathleen Blatz | 1,167,818,192 | 15,420,063 | 0 |
Pamela G. Carlton | 1,167,761,255 | 15,477,001 | 0 |
Janet Langford Carrig | 1,169,443,247 | 13,795,008 | 0 |
J. Kevin Connaughton | 1,168,554,731 | 14,683,525 | 0 |
Olive M. Darragh | 1,169,004,224 | 14,234,032 | 0 |
Patricia M. Flynn | 1,168,110,224 | 15,128,031 | 0 |
Brian J. Gallagher | 1,166,931,187 | 16,307,068 | 0 |
Douglas A. Hacker | 1,168,253,721 | 14,984,535 | 0 |
Nancy T. Lukitsh | 1,169,128,202 | 14,110,053 | 0 |
David M. Moffett | 1,167,387,510 | 15,850,745 | 0 |
Catherine James Paglia | 1,167,159,143 | 16,079,112 | 0 |
Anthony M. Santomero | 1,166,760,857 | 16,477,398 | 0 |
Minor M. Shaw | 1,165,931,084 | 17,307,171 | 0 |
Natalie A. Trunow | 1,168,907,601 | 14,330,655 | 0 |
Sandra Yeager | 1,167,549,796 | 15,688,459 | 0 |
Christopher O. Petersen | 1,167,593,463 | 15,644,793 | 0 |
Columbia Overseas Value Fund | Annual Report 2021 | 45 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
February 28, 2021
3 | |
5 | |
7 | |
8 | |
14 | |
15 | |
16 | |
18 | |
22 | |
33 | |
34 | |
34 | |
40 |
Average annual total returns (%) (for the period ended February 28, 2021) | |||||
Inception | 1 Year | 5 Years | 10 Years | ||
Class A | 07/31/96 | 29.53 | 15.19 | 12.87 | |
Advisor Class* | 07/01/15 | 29.79 | 15.48 | 13.03 | |
Institutional Class | 07/31/96 | 29.83 | 15.47 | 13.16 | |
Institutional 2 Class* | 06/25/14 | 29.96 | 15.58 | 13.14 | |
Institutional 3 Class | 07/15/09 | 30.01 | 15.64 | 13.31 | |
Class R | 01/23/06 | 29.22 | 14.90 | 12.60 | |
S&P 500 Index | 31.29 | 16.82 | 13.43 |
* | 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 | Annual Report 2021 | 3 |
Portfolio breakdown (%) (at February 28, 2021) | |
Common Stocks | 98.4 |
Money Market Funds | 1.6 |
Total | 100.0 |
Equity sector breakdown (%) (at February 28, 2021) | |
Communication Services | 10.9 |
Consumer Discretionary | 12.1 |
Consumer Staples | 6.4 |
Energy | 2.6 |
Financials | 11.0 |
Health Care | 13.2 |
Industrials | 9.1 |
Information Technology | 27.4 |
Materials | 2.4 |
Real Estate | 2.6 |
Utilities | 2.3 |
Total | 100.0 |
4 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
• | Stock selection within the industrials, financials, and energy sectors contributed most to the Fund’s performance versus the benchmark, outpacing the benchmark’s returns in each of those sectors during the period. |
• | Individual standouts included financial services provider Morgan Stanley, semiconductor product supplier QUALCOMM, Inc., energy company EOG Resources, Inc. and Quanta Services Inc. |
• | Not owning aircraft manufacturer Boeing also helped versus the benchmark. |
• | Stock selection within the health care, information technology and both consumer sectors, detracted from relative results during the period. |
• | The Fund’s underweighted positions in online payment processor PayPal Holdings, Inc. and semiconductor producer NVIDIA, Inc., both of which soared during the period, weighed on results. |
• | The Fund’s positions in airlines Southwest Airlines Co. and Delta Air Lines, Inc. detracted from results early in the period as the airline industry suffered significantly in the wake of the COVID-19 pandemic. |
• | Computer hardware firm HP, Inc. was another detractor. We sold the Fund’s position early in the period and the company’s stock price since rebounded. |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 5 |
6 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
(Unaudited)
September 1, 2020 — February 28, 2021 | |||||||
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 | 1,086.30 | 1,020.40 | 4.30 | 4.16 | 0.84 |
Advisor Class | 1,000.00 | 1,000.00 | 1,087.40 | 1,021.63 | 3.02 | 2.92 | 0.59 |
Institutional Class | 1,000.00 | 1,000.00 | 1,087.60 | 1,021.63 | 3.02 | 2.92 | 0.59 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,088.20 | 1,022.31 | 2.30 | 2.23 | 0.45 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,088.50 | 1,022.56 | 2.05 | 1.98 | 0.40 |
Class R | 1,000.00 | 1,000.00 | 1,084.90 | 1,019.18 | 5.57 | 5.40 | 1.09 |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 7 |
February 28, 2021
Common Stocks 98.3% | ||
Issuer | Shares | Value ($) |
Communication Services 10.7% | ||
Diversified Telecommunication Services 1.2% | ||
Verizon Communications, Inc. | 110,200 | 6,094,060 |
Entertainment 2.1% | ||
Activision Blizzard, Inc. | 48,400 | 4,627,524 |
Electronic Arts, Inc. | 25,500 | 3,416,235 |
Netflix, Inc.(a) | 1,300 | 700,505 |
Walt Disney Co. (The)(a) | 7,600 | 1,436,704 |
Total | 10,180,968 | |
Interactive Media & Services 6.8% | ||
Alphabet, Inc., Class A(a) | 10,710 | 21,654,656 |
Facebook, Inc., Class A(a) | 44,200 | 11,386,804 |
Total | 33,041,460 | |
Media 0.6% | ||
Charter Communications, Inc., Class A(a) | 725 | 444,730 |
Comcast Corp., Class A | 4,000 | 210,880 |
Interpublic Group of Companies, Inc. (The) | 84,700 | 2,212,364 |
Total | 2,867,974 | |
Total Communication Services | 52,184,462 | |
Consumer Discretionary 11.9% | ||
Automobiles 1.3% | ||
Tesla Motors, Inc.(a) | 9,125 | 6,163,938 |
Hotels, Restaurants & Leisure 1.3% | ||
Darden Restaurants, Inc. | 17,200 | 2,362,076 |
Hilton Worldwide Holdings, Inc. | 23,900 | 2,955,952 |
Yum! Brands, Inc. | 9,400 | 973,182 |
Total | 6,291,210 | |
Household Durables 1.3% | ||
Lennar Corp., Class A | 41,700 | 3,459,849 |
PulteGroup, Inc. | 68,600 | 3,094,546 |
Total | 6,554,395 | |
Internet & Direct Marketing Retail 3.8% | ||
Amazon.com, Inc.(a) | 5,940 | 18,372,004 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Multiline Retail 1.1% | ||
Dollar General Corp. | 7,300 | 1,379,627 |
Target Corp. | 22,200 | 4,072,368 |
Total | 5,451,995 | |
Specialty Retail 3.0% | ||
Best Buy Co., Inc. | 25,800 | 2,589,030 |
Home Depot, Inc. (The) | 24,600 | 6,355,164 |
Lowe’s Companies, Inc. | 25,500 | 4,073,625 |
TJX Companies, Inc. (The) | 23,600 | 1,557,364 |
Total | 14,575,183 | |
Textiles, Apparel & Luxury Goods 0.1% | ||
Hanesbrands, Inc. | 24,000 | 424,560 |
Total Consumer Discretionary | 57,833,285 | |
Consumer Staples 6.2% | ||
Beverages 0.1% | ||
Molson Coors Beverage Co., Class B | 12,800 | 568,960 |
Food & Staples Retailing 0.8% | ||
Kroger Co. (The) | 75,700 | 2,438,297 |
Walmart, Inc. | 11,400 | 1,481,088 |
Total | 3,919,385 | |
Food Products 0.8% | ||
General Mills, Inc. | 31,100 | 1,710,811 |
Kraft Heinz Co. (The) | 68,200 | 2,481,116 |
Total | 4,191,927 | |
Household Products 2.5% | ||
Colgate-Palmolive Co. | 45,000 | 3,384,000 |
Kimberly-Clark Corp. | 13,000 | 1,668,290 |
Procter & Gamble Co. (The) | 57,100 | 7,053,563 |
Total | 12,105,853 | |
Tobacco 2.0% | ||
Altria Group, Inc. | 99,000 | 4,316,400 |
Philip Morris International, Inc. | 63,000 | 5,293,260 |
Total | 9,609,660 | |
Total Consumer Staples | 30,395,785 |
8 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Energy 2.6% | ||
Oil, Gas & Consumable Fuels 2.6% | ||
Cabot Oil & Gas Corp. | 44,200 | 818,142 |
Chevron Corp. | 37,000 | 3,700,000 |
ConocoPhillips Co. | 9,100 | 473,291 |
EOG Resources, Inc. | 61,100 | 3,944,616 |
Exxon Mobil Corp. | 16,100 | 875,357 |
HollyFrontier Corp. | 73,900 | 2,799,332 |
Total | 12,610,738 | |
Total Energy | 12,610,738 | |
Financials 10.8% | ||
Banks 3.7% | ||
Bank of America Corp. | 12,000 | 416,520 |
Citigroup, Inc. | 40,500 | 2,668,140 |
Citizens Financial Group, Inc. | 94,500 | 4,105,080 |
JPMorgan Chase & Co. | 41,200 | 6,063,404 |
KeyCorp | 34,500 | 694,830 |
People’s United Financial, Inc. | 223,400 | 4,007,796 |
Total | 17,955,770 | |
Capital Markets 3.5% | ||
BlackRock, Inc. | 6,650 | 4,618,425 |
Moody’s Corp. | 3,950 | 1,085,815 |
Morgan Stanley | 68,600 | 5,273,282 |
S&P Global, Inc. | 6,800 | 2,239,648 |
State Street Corp. | 13,900 | 1,011,503 |
T. Rowe Price Group, Inc. | 16,800 | 2,723,952 |
Total | 16,952,625 | |
Consumer Finance 0.8% | ||
Capital One Financial Corp. | 32,700 | 3,930,213 |
Diversified Financial Services 0.8% | ||
Berkshire Hathaway, Inc., Class B(a) | 16,000 | 3,848,160 |
Insurance 2.0% | ||
Allstate Corp. (The) | 31,300 | 3,336,580 |
MetLife, Inc. | 40,900 | 2,355,840 |
Prudential Financial, Inc. | 33,700 | 2,922,464 |
Unum Group | 55,500 | 1,469,640 |
Total | 10,084,524 | |
Total Financials | 52,771,292 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care 13.0% | ||
Biotechnology 1.8% | ||
AbbVie, Inc. | 34,200 | 3,684,708 |
Amgen, Inc. | 2,200 | 494,824 |
Biogen, Inc.(a) | 1,809 | 493,640 |
Gilead Sciences, Inc. | 13,900 | 853,460 |
Regeneron Pharmaceuticals, Inc.(a) | 2,250 | 1,013,783 |
Vertex Pharmaceuticals, Inc.(a) | 11,050 | 2,348,677 |
Total | 8,889,092 | |
Health Care Equipment & Supplies 3.0% | ||
Abbott Laboratories | 54,000 | 6,468,120 |
Dentsply Sirona, Inc. | 59,200 | 3,141,744 |
Hologic, Inc.(a) | 25,900 | 1,867,131 |
Medtronic PLC | 21,900 | 2,561,643 |
Zimmer Biomet Holdings, Inc. | 3,300 | 538,098 |
Total | 14,576,736 | |
Health Care Providers & Services 2.9% | ||
Cardinal Health, Inc. | 39,400 | 2,029,888 |
CVS Health Corp. | 16,100 | 1,096,893 |
HCA Healthcare, Inc. | 23,700 | 4,077,111 |
McKesson Corp. | 17,800 | 3,017,456 |
UnitedHealth Group, Inc. | 5,250 | 1,744,155 |
Universal Health Services, Inc., Class B | 16,600 | 2,080,478 |
Total | 14,045,981 | |
Life Sciences Tools & Services 0.8% | ||
IQVIA Holdings, Inc.(a) | 2,400 | 462,696 |
Thermo Fisher Scientific, Inc. | 7,700 | 3,465,616 |
Total | 3,928,312 | |
Pharmaceuticals 4.5% | ||
Bristol-Myers Squibb Co. | 14,100 | 864,753 |
Johnson & Johnson | 53,300 | 8,445,918 |
Merck & Co., Inc. | 74,600 | 5,417,452 |
Perrigo Co. PLC | 66,000 | 2,663,760 |
Pfizer, Inc. | 137,900 | 4,618,271 |
Total | 22,010,154 | |
Total Health Care | 63,450,275 |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 9 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Industrials 9.0% | ||
Aerospace & Defense 0.5% | ||
L3Harris Technologies, Inc. | 13,200 | 2,401,212 |
Air Freight & Logistics 0.9% | ||
CH Robinson Worldwide, Inc. | 5,800 | 526,930 |
United Parcel Service, Inc., Class B | 23,100 | 3,645,873 |
Total | 4,172,803 | |
Construction & Engineering 0.8% | ||
Quanta Services, Inc. | 46,900 | 3,932,565 |
Electrical Equipment 0.9% | ||
Eaton Corp. PLC | 32,100 | 4,179,099 |
Machinery 3.5% | ||
Deere & Co. | 15,900 | 5,551,008 |
Illinois Tool Works, Inc. | 5,100 | 1,031,118 |
Parker-Hannifin Corp. | 13,600 | 3,902,656 |
Pentair PLC | 48,000 | 2,684,640 |
Snap-On, Inc. | 19,000 | 3,859,090 |
Total | 17,028,512 | |
Professional Services 0.8% | ||
Robert Half International, Inc. | 51,400 | 3,998,406 |
Road & Rail 1.6% | ||
CSX Corp. | 7,800 | 714,090 |
Norfolk Southern Corp. | 8,700 | 2,192,922 |
Union Pacific Corp. | 24,100 | 4,963,636 |
Total | 7,870,648 | |
Total Industrials | 43,583,245 | |
Information Technology 26.9% | ||
Communications Equipment 1.5% | ||
Arista Networks, Inc.(a) | 3,200 | 895,488 |
Cisco Systems, Inc. | 138,300 | 6,205,521 |
Total | 7,101,009 | |
IT Services 4.0% | ||
Accenture PLC, Class A | 8,300 | 2,082,470 |
Cognizant Technology Solutions Corp., Class A | 10,900 | 800,932 |
Leidos Holdings, Inc. | 30,600 | 2,706,570 |
MasterCard, Inc., Class A | 22,200 | 7,855,470 |
PayPal Holdings, Inc.(a) | 4,600 | 1,195,310 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
VeriSign, Inc.(a) | 15,100 | 2,929,853 |
Visa, Inc., Class A | 10,000 | 2,123,900 |
Total | 19,694,505 | |
Semiconductors & Semiconductor Equipment 5.0% | ||
Advanced Micro Devices, Inc.(a) | 41,000 | 3,464,910 |
Applied Materials, Inc. | 31,900 | 3,770,261 |
Broadcom, Inc. | 13,550 | 6,366,739 |
Intel Corp. | 110,100 | 6,691,878 |
KLA Corp. | 5,500 | 1,711,765 |
NVIDIA Corp. | 3,650 | 2,002,317 |
QUALCOMM, Inc. | 3,400 | 463,046 |
Total | 24,470,916 | |
Software 10.1% | ||
Adobe, Inc.(a) | 13,350 | 6,136,594 |
Autodesk, Inc.(a) | 14,500 | 4,002,000 |
Cadence Design Systems, Inc.(a) | 6,000 | 846,540 |
Fortinet, Inc.(a) | 19,900 | 3,360,115 |
Intuit, Inc. | 12,750 | 4,974,285 |
Microsoft Corp.(b) | 127,400 | 29,605,212 |
ServiceNow, Inc.(a) | 850 | 453,441 |
Total | 49,378,187 | |
Technology Hardware, Storage & Peripherals 6.3% | ||
Apple, Inc. | 253,000 | 30,678,780 |
Total Information Technology | 131,323,397 | |
Materials 2.3% | ||
Chemicals 1.1% | ||
Celanese Corp., Class A | 3,800 | 527,858 |
Dow, Inc. | 59,600 | 3,534,876 |
Eastman Chemical Co. | 11,300 | 1,234,638 |
Total | 5,297,372 | |
Containers & Packaging 0.5% | ||
International Paper Co. | 55,900 | 2,775,435 |
Metals & Mining 0.7% | ||
Newmont Corp. | 46,900 | 2,550,422 |
Nucor Corp. | 12,600 | 753,732 |
Total | 3,304,154 | |
Total Materials | 11,376,961 |
10 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
February 28, 2021
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 2.6% | ||
Equity Real Estate Investment Trusts (REITS) 2.6% | ||
American Tower Corp. | 14,500 | 3,133,885 |
Equinix, Inc. | 5,075 | 3,290,325 |
Kimco Realty Corp. | 114,000 | 2,089,620 |
Prologis, Inc. | 2,200 | 217,954 |
Simon Property Group, Inc. | 6,100 | 688,812 |
Weyerhaeuser Co. | 90,700 | 3,072,009 |
Total | 12,492,605 | |
Total Real Estate | 12,492,605 | |
Utilities 2.3% | ||
Electric Utilities 1.2% | ||
Exelon Corp. | 67,800 | 2,617,080 |
NRG Energy, Inc. | 90,700 | 3,311,457 |
Total | 5,928,537 | |
Independent Power and Renewable Electricity Producers 0.4% | ||
AES Corp. (The) | 79,300 | 2,106,208 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Multi-Utilities 0.7% | ||
DTE Energy Co. | 10,800 | 1,271,376 |
Sempra Energy | 16,500 | 1,913,670 |
Total | 3,185,046 | |
Total Utilities | 11,219,791 | |
Total Common Stocks (Cost $300,869,439) | 479,241,836 | |
Money Market Funds 1.6% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.086%(c),(d) | 7,861,375 | 7,860,589 |
Total Money Market Funds (Cost $7,860,200) | 7,860,589 | |
Total Investments in Securities (Cost: $308,729,639) | 487,102,425 | |
Other Assets & Liabilities, Net | 483,891 | |
Net Assets | 487,586,316 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
S&P 500 Index E-mini | 39 | 03/2021 | USD | 7,427,940 | 179,789 | — |
S&P 500 Index E-mini | 6 | 03/2021 | USD | 1,142,760 | — | (31,455) |
Total | 179,789 | (31,455) |
(a) | Non-income producing investment. |
(b) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(c) | The rate shown is the seven-day current annualized yield at February 28, 2021. |
(d) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended February 28, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.104% | ||||||||
3,972,793 | 117,652,781 | (113,765,117) | 132 | 7,860,589 | (5,373) | 20,855 | 7,861,375 |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 11 |
February 28, 2021
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 | 52,184,462 | — | — | 52,184,462 |
Consumer Discretionary | 57,833,285 | — | — | 57,833,285 |
Consumer Staples | 30,395,785 | — | — | 30,395,785 |
Energy | 12,610,738 | — | — | 12,610,738 |
Financials | 52,771,292 | — | — | 52,771,292 |
Health Care | 63,450,275 | — | — | 63,450,275 |
Industrials | 43,583,245 | — | — | 43,583,245 |
Information Technology | 131,323,397 | — | — | 131,323,397 |
Materials | 11,376,961 | — | — | 11,376,961 |
Real Estate | 12,492,605 | — | — | 12,492,605 |
Utilities | 11,219,791 | — | — | 11,219,791 |
Total Common Stocks | 479,241,836 | — | — | 479,241,836 |
Money Market Funds | 7,860,589 | — | — | 7,860,589 |
Total Investments in Securities | 487,102,425 | — | — | 487,102,425 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 179,789 | — | — | 179,789 |
12 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
February 28, 2021
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Liability | ||||
Futures Contracts | (31,455) | — | — | (31,455) |
Total | 487,250,759 | — | — | 487,250,759 |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 13 |
February 28, 2021
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $300,869,439) | $479,241,836 |
Affiliated issuers (cost $7,860,200) | 7,860,589 |
Receivable for: | |
Capital shares sold | 173,625 |
Dividends | 667,587 |
Expense reimbursement due from Investment Manager | 5,405 |
Prepaid expenses | 14,671 |
Total assets | 487,963,713 |
Liabilities | |
Payable for: | |
Capital shares purchased | 128,997 |
Variation margin for futures contracts | 42,300 |
Management services fees | 10,072 |
Distribution and/or service fees | 1,215 |
Transfer agent fees | 41,645 |
Compensation of board members | 128,279 |
Compensation of chief compliance officer | 4 |
Other expenses | 24,885 |
Total liabilities | 377,397 |
Net assets applicable to outstanding capital stock | $487,586,316 |
Represented by | |
Paid in capital | 288,848,529 |
Total distributable earnings (loss) | 198,737,787 |
Total - representing net assets applicable to outstanding capital stock | $487,586,316 |
Class A | |
Net assets | $59,015,201 |
Shares outstanding | 2,140,041 |
Net asset value per share | $27.58 |
Advisor Class | |
Net assets | $8,052,149 |
Shares outstanding | 295,901 |
Net asset value per share | $27.21 |
Institutional Class | |
Net assets | $86,219,119 |
Shares outstanding | 3,132,129 |
Net asset value per share | $27.53 |
Institutional 2 Class | |
Net assets | $8,831,363 |
Shares outstanding | 322,272 |
Net asset value per share | $27.40 |
Institutional 3 Class | |
Net assets | $266,693,365 |
Shares outstanding | 9,682,713 |
Net asset value per share | $27.54 |
Class R | |
Net assets | $58,775,119 |
Shares outstanding | 2,137,510 |
Net asset value per share | $27.50 |
14 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
Year Ended February 28, 2021
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $8,148,889 |
Dividends — affiliated issuers | 20,855 |
Total income | 8,169,744 |
Expenses: | |
Management services fees | 3,271,689 |
Distribution and/or service fees | |
Class A | 141,627 |
Class R | 266,528 |
Transfer agent fees | |
Class A | 114,389 |
Advisor Class | 19,450 |
Institutional Class | 166,865 |
Institutional 2 Class | 5,736 |
Institutional 3 Class | 19,107 |
Class R | 107,741 |
Compensation of board members | 35,290 |
Custodian fees | 14,613 |
Printing and postage fees | 19,299 |
Registration fees | 99,135 |
Audit fees | 32,250 |
Legal fees | 12,161 |
Interest on collateral | 285 |
Compensation of chief compliance officer | 87 |
Other | 23,078 |
Total expenses | 4,349,330 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (1,711,083) |
Expense reduction | (40) |
Total net expenses | 2,638,207 |
Net investment income | 5,531,537 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 20,145,640 |
Investments — affiliated issuers | (5,373) |
Futures contracts | 2,508,235 |
Net realized gain | 22,648,502 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 90,918,566 |
Investments — affiliated issuers | 132 |
Futures contracts | 573,368 |
Net change in unrealized appreciation (depreciation) | 91,492,066 |
Net realized and unrealized gain | 114,140,568 |
Net increase in net assets resulting from operations | $119,672,105 |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 15 |
Year Ended February 28, 2021 | Year Ended February 29, 2020 | |
Operations | ||
Net investment income | $5,531,537 | $6,921,612 |
Net realized gain | 22,648,502 | 46,765,379 |
Net change in unrealized appreciation (depreciation) | 91,492,066 | (27,210,775) |
Net increase in net assets resulting from operations | 119,672,105 | 26,476,216 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (4,505,290) | (2,721,479) |
Advisor Class | (990,442) | (540,497) |
Institutional Class | (6,631,927) | (12,448,896) |
Institutional 2 Class | (761,560) | (1,215,314) |
Institutional 3 Class | (18,311,383) | (3,428,701) |
Class R | (4,161,044) | (2,226,779) |
Total distributions to shareholders | (35,361,646) | (22,581,666) |
Increase (decrease) in net assets from capital stock activity | 810,973 | (146,905,062) |
Total increase (decrease) in net assets | 85,121,432 | (143,010,512) |
Net assets at beginning of year | 402,464,884 | 545,475,396 |
Net assets at end of year | $487,586,316 | $402,464,884 |
16 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
Year Ended | Year Ended | |||
February 28, 2021 | February 29, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 280,091 | 6,662,555 | 467,778 | 11,427,290 |
Distributions reinvested | 158,667 | 3,675,238 | 93,223 | 2,274,192 |
Redemptions | (740,543) | (18,101,523) | (1,328,844) | (32,787,695) |
Net decrease | (301,785) | (7,763,730) | (767,843) | (19,086,213) |
Advisor Class | ||||
Subscriptions | 67,303 | 1,542,820 | 398,796 | 9,400,025 |
Distributions reinvested | 43,533 | 990,442 | 22,389 | 540,374 |
Redemptions | (341,527) | (8,253,798) | (119,401) | (2,865,633) |
Net increase (decrease) | (230,691) | (5,720,536) | 301,784 | 7,074,766 |
Institutional Class | ||||
Subscriptions | 377,887 | 8,820,872 | 1,044,900 | 25,106,388 |
Distributions reinvested | 244,043 | 5,661,877 | 252,722 | 6,140,053 |
Redemptions | (1,709,689) | (37,842,447) | (11,122,218) | (279,640,754) |
Net decrease | (1,087,759) | (23,359,698) | (9,824,596) | (248,394,313) |
Institutional 2 Class | ||||
Subscriptions | 122,167 | 2,861,702 | 204,608 | 4,869,879 |
Distributions reinvested | 33,002 | 761,559 | 50,090 | 1,215,180 |
Redemptions | (335,196) | (7,715,412) | (880,128) | (22,044,902) |
Net decrease | (180,027) | (4,092,151) | (625,430) | (15,959,843) |
Institutional 3 Class | ||||
Subscriptions | 4,601,237 | 99,913,321 | 7,232,472 | 181,696,892 |
Distributions reinvested | 405,751 | 9,469,012 | 140,369 | 3,420,127 |
Redemptions | (2,853,671) | (65,358,220) | (2,216,533) | (54,491,429) |
Net increase | 2,153,317 | 44,024,113 | 5,156,308 | 130,625,590 |
Class R | ||||
Subscriptions | 658,851 | 16,092,539 | 1,133,833 | 27,391,983 |
Distributions reinvested | 168,570 | 3,884,605 | 75,523 | 1,841,533 |
Redemptions | (917,703) | (22,254,169) | (1,244,666) | (30,398,565) |
Net decrease | (90,282) | (2,277,025) | (35,310) | (1,165,049) |
Total net increase (decrease) | 262,773 | 810,973 | (5,795,087) | (146,905,062) |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 17 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Year Ended 2/28/2021 | $23.11 | 0.25 | 6.18 | 6.43 | (0.26) | (1.70) | (1.96) |
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) |
Advisor Class | |||||||
Year Ended 2/28/2021 | $22.83 | 0.31 | 6.09 | 6.40 | (0.32) | (1.70) | (2.02) |
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) |
Institutional Class | |||||||
Year Ended 2/28/2021 | $23.07 | 0.31 | 6.17 | 6.48 | (0.32) | (1.70) | (2.02) |
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) |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $22.97 | 0.34 | 6.14 | 6.48 | (0.35) | (1.70) | (2.05) |
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) |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $23.08 | 0.35 | 6.17 | 6.52 | (0.36) | (1.70) | (2.06) |
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) |
18 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $27.58 | 29.53% | 1.25%(c) | 0.85%(c),(d) | 1.02% | 81% | $59,015 |
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 |
Advisor Class | |||||||
Year Ended 2/28/2021 | $27.21 | 29.79% | 1.00%(c) | 0.61%(c),(d) | 1.29% | 81% | $8,052 |
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 |
Institutional Class | |||||||
Year Ended 2/28/2021 | $27.53 | 29.83% | 1.00%(c) | 0.60%(c),(d) | 1.27% | 81% | $86,219 |
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 |
Institutional 2 Class | |||||||
Year Ended 2/28/2021 | $27.40 | 29.96% | 0.86%(c) | 0.48%(c) | 1.40% | 81% | $8,831 |
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 |
Institutional 3 Class | |||||||
Year Ended 2/28/2021 | $27.54 | 30.01% | 0.81%(c) | 0.43%(c) | 1.44% | 81% | $266,693 |
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 |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 19 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class R | |||||||
Year Ended 2/28/2021 | $23.05 | 0.19 | 6.16 | 6.35 | (0.20) | (1.70) | (1.90) |
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) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Ratios include interest on collateral expense which is less than 0.01%. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
20 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
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 | |||||||
Year Ended 2/28/2021 | $27.50 | 29.22% | 1.50%(c) | 1.10%(c),(d) | 0.77% | 81% | $58,775 |
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% | $37,996 |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 21 |
February 28, 2021
22 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
February 28, 2021
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 23 |
February 28, 2021
24 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
February 28, 2021
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 179,789* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 31,455* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | ||||||
Risk exposure category | Futures contracts ($) | |||||
Equity risk | 2,508,235 | |||||
Total | 2,508,235 | |||||
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||||
Risk exposure category | Futures contracts ($) | |||||
Equity risk | 573,368 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 6,944,920 |
* | Based on the ending quarterly outstanding amounts for the year ended February 28, 2021. |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 25 |
February 28, 2021
26 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
February 28, 2021
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 | Annual Report 2021 | 27 |
February 28, 2021
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 |
Undistributed net investment income ($) | Accumulated net realized gain ($) | Paid in capital ($) |
(31,643) | (354,739) | 386,382 |
28 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
February 28, 2021
Year Ended February 28, 2021 | Year Ended February 29, 2020 | ||||
Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
6,043,108 | 29,318,538 | 35,361,646 | 5,789,273 | 16,792,393 | 22,581,666 |
Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
5,001,730 | 18,901,931 | — | 174,960,569 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
312,290,190 | 178,666,032 | (3,705,463) | 174,960,569 |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 29 |
February 28, 2021
30 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
February 28, 2021
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 31 |
February 28, 2021
32 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 33 |
Qualified dividend income | Dividends received deduction | Capital gain dividend |
84.49% | 82.00% | $20,643,193 |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
George S. Batejan c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1953 | Trustee since 2017 | Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 | 172 | Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018 |
34 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Kathleen Blatz c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2006 | Attorney; specializing in arbitration and mediation; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member and Interim Chair, Minnesota Sports Facilities Authority, January 2017-July 2017; Interim President and Chief Executive Officer, Blue Cross and Blue Shield of Minnesota (health care insurance), February-July 2018 | 172 | Trustee, BlueCross BlueShield of Minnesota since 2009 (Chair of the Business Development Committee - 2014-2017; Chair of the Governance Committee, 2017-2019); former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017-July 2017; Director, Robina Foundation, 2009-2020 (Chair, 2014-2020) |
Pamela G. Carlton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2007 | President, Springboard — Partners in Cross Cultural Leadership (consulting company) since 2003; Managing Director of US Equity Research, JP Morgan Chase, 1999-2003; Director of US Equity Research, Chase Asset Management, 1996-1999; Co-Director Latin America Research, 1993-1996, COO Global Research, 1992-1996, Co-Director of US Research, 1991-1992, Investment Banker, 1982-1991, Morgan Stanley; Attorney at Cleary Gottlieb Steen & Hamilton LLP, 1980-1982 | 172 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of People Committee) since 1996; Director, DR Bank (Audit Committee) since 2017; Director, Evercore Inc. (Audit Committee, Nominating and Governance Committee) since 2019 |
Janet Langford Carrig c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1957 | Trustee since 1996 | Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (independent energy company), September 2007-October 2018 | 170 | Director, EQT Corporation (natural gas producer) since 2019; Director, Whiting Petroleum Corporation (independent oil and gas company) since 2020 |
J. Kevin Connaughton c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2020(a) | Member, FINRA National Adjudicatory Council since January 2020; Adjunct Professor of Finance, Bentley University since January 2018; Managing Director and General Manager of Mutual Fund Products, Columbia Management Investment Advisers, LLC, May 2010-February 2015; President, Columbia Funds, 2008-2015; and senior officer of Columbia Funds and affiliated funds, 2003-2015 | 170 | Director, The Autism Project since March 2015; former Member of the Investment Committee, St. Michael’s College, November 2015-February 2020; former Trustee, St. Michael’s College, June 2017-September 2019; former Trustee, New Century Portfolios, January 2015-December 2017 |
Olive M. Darragh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1962 | Trustee since 2020(a) | Managing Director of Darragh Inc. (strategy and talent management consulting firm) since 2010; Founder and CEO, Zolio, Inc. (investment management talent identification platform) since 2004; Partner, Tudor Investments, 2004-2010; Senior Partner, McKinsey & Company (consulting), 2001-2004 | 170 | Former Director, University of Edinburgh Business School (Member of US Board); former Director, Boston Public Library Foundation |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 35 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Patricia M. Flynn c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1950 | Trustee since 2004 | Trustee Professor of Economics and Management, Bentley University since 1976 (also teaches and conducts research on corporate governance); Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 | 172 | Trustee, MA Taxpayers Foundation since 1997; Board of Governors, Innovation Institute, MA Technology Collaborative, 2010-2019; Board of Directors, The MA Business Roundtable, 2003-2019 |
Brian J. Gallagher c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1954 | Trustee since 2017 | Retired; Partner with Deloitte & Touche LLP and its predecessors, 1977-2016 | 172 | Trustee, Catholic Schools Foundation since 2004 |
Douglas A. Hacker c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1955 | Co-Chair since 2021; Chair of CFST I and CFVIT since 2014; Trustee of CFST I and CFVIT since 1996 and CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2021 | Independent business executive since May 2006; Executive Vice President – Strategy of United Airlines, December 2002 - May 2006; President of UAL Loyalty Services (airline marketing company), September 2001-December 2002; Executive Vice President and Chief Financial Officer of United Airlines, July 1999-September 2001 | 170 | Director, Spartan Nash Company (food distributor); Director, Aircastle Limited (Chair of Audit Committee) (aircraft leasing); former Director, Nash Finch Company (food distributor), 2005-2013; former Director, SeaCube Container Leasing Ltd. (container leasing), 2010-2013; and former Director, Travelport Worldwide Limited (travel information technology), 2014-2019 |
Nancy T. Lukitsh c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1956 | Trustee since 2011 | Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser), 1997-2010; Chair, Wellington Management Portfolios (commingled non-U.S. investment pools), 2007 -2010; Director, Wellington Trust Company, NA and other Wellington affiliates, 1997-2010 | 170 | |
David M. Moffett c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Trustee since 2011 | Retired; Consultant to Bridgewater and Associates | 170 | Director, CSX Corporation (transportation suppliers); Director, Genworth Financial, Inc. (financial and insurance products and services); Director, PayPal Holdings Inc. (payment and data processing services); Trustee, University of Oklahoma Foundation; former Director, eBay Inc. (online trading community), 2007-2015; and former Director, CIT Bank, CIT Group Inc. (commercial and consumer finance), 2010-2016 |
36 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Catherine James Paglia c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1952 | Co-Chair since 2021; Chair of CFST, CFST II, CFVST II, Columbia ETF Trust I and Columbia ETF Trust II since 2020; Trustee of CFST, CFST II and CFVST II since 2004 and CFST I and CFVIT since 2021 | Director, Enterprise Asset Management, Inc. (private real estate and asset management company) since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989-1997; Vice President, 1982-1985, Principal, 1985-1987, Managing Director, 1987-1989, Morgan Stanley; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. | 172 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012; Trustee, Carleton College (on the Investment Committee); Trustee, Carnegie Endowment for International Peace (on the Investment Committee) |
Anthony M. Santomero c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1946 | Trustee since 2008 | Richard K. Mellon Professor Emeritus of Finance, The Wharton School, University of Pennsylvania, since 2002; Senior Advisor, McKinsey & Company (consulting), 2006-2008; President, Federal Reserve Bank of Philadelphia, 2000-2006; Professor of Finance, The Wharton School, University of Pennsylvania, 1972-2002 | 172 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, RenaissanceRe Holdings Ltd. since May 2008; former Director, Citigroup Inc. and Citibank, N.A., 2009-2019; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 |
Minor M. Shaw c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1947 | Trustee since 2003 | President, Micco LLC (private investments) since 2011; President, Micco Corp. (family investment business), 1998-2011 | 172 | Director, BlueCross BlueShield of South Carolina (Chair of Compensation Committee) since April 2008; Trustee, Hollingsworth Funds (on the Investment Committee) since 2016 (previously Board Chair from 2016-2019); Former Advisory Board member, Duke Energy Corp., 2016-2020; Chair of the Duke Endowment; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016; former Director, National Association of Corporate Directors, Carolinas Chapter, 2013-2018; Chair, Daniel-Mickel Foundation |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 37 |
Independent trustees (continued)
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex* overseen | Other directorships held by Trustee during the past five years |
Natalie A. Trunow c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1967 | Trustee since 2020(a) | Chief Executive Officer, Millennial Portfolio Solutions LLC (asset management and consulting services) since January 2016; Non-executive Member of the Investment Committee, Sarona Asset Management Inc. (private equity firm) since September 2019; Advisor, Horizon Investments (asset management and consulting services) since August 2018; Advisor, Paradigm Asset Management since November 2016; Director of Investments, Casey Family Programs, April 2016-September 2016; Senior Vice President and Chief Investment Officer, Calvert Investments, August 2008 - January 2016; Section Head and Portfolio Manager, General Motors Asset Management, June 1997-August 2008 | 170 | Director, Health Services for Children with Special Needs, Inc.; Director, Consumer Credit Counseling Services (formerly Guidewell Financial Solutions); Independent Director, Investment Committee, Sarona Asset Management |
Sandra Yeager c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Mail Drop BX32 05228 Boston, MA 02110 1964 | Trustee since 2017 | Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 | 172 | Director, NAPE Education Foundation, October 2016-October 2020 |
* | The term “Columbia Funds Complex” as used herein includes Columbia Seligman Premium Technology Growth Fund, Tri-Continental Corporation and each series of Columbia Fund Series Trust (CFST), Columbia Funds Series Trust I (CFST I), Columbia Funds Series Trust II (CFST II), Columbia ETF Trust I, Columbia ETF Trust II, Columbia Funds Variable Insurance Trust (CFVIT) and Columbia Funds Variable Series Trust II (CFVST II). Messrs. Batejan, Gallagher, Petersen and Santomero and Mses. Blatz, Carlton, Flynn, Paglia, Shaw and Yeager serve as a director of Columbia Seligman Premium Technology Growth Fund and Tri-Continental Corporation. |
(a) | J. Kevin Connaughton was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective March 1, 2016. Natalie A. Trunow was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective September 1, 2016. Olive M. Darragh was appointed a consultant to the Independent Trustees of CFST I and CFVIT effective June 10, 2019. Shareholders of the Funds elected Mr. Connaughton and Mses. Darragh and Trunow as Trustees of CFST I, effective January 1, 2021, and of CFVIT, effective July 1, 2020. |
Name, address, year of birth | Position held with the Columbia Funds and length of service | Principal occupation(s) during the past five years and other relevant professional experience | Number of Funds in the Columbia Funds Complex overseen | Other directorships held by Trustee during the past five years |
Christopher O. Petersen c/o Columbia Management Investment Advisers, LLC 5228 Ameriprise Financial Center Minneapolis, MN 55474 1970 | Trustee since 2020(a) | Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since January 2015 (previously Vice President and Chief Counsel, January 2010-December 2014); officer of Columbia Funds and affiliated funds since 2007 | 172 | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
(a) | Mr. Petersen serves as the President and Principal Executive Officer of the Columbia Funds (since 2015). |
38 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
The Board has appointed officers who are responsible for day-to-day business decisions based on policies it has established. The officers serve at the pleasure of the Board. The following table provides basic information about the Officers of the Fund as of the printing of this report, including principal occupations during the past five years, although their specific titles may have varied over the period. In addition to Mr. Petersen, who is the President and Principal Executive Officer, the Fund’s other officers are:
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Michael G. Clarke 225 Franklin Street Boston, MA 02110 1969 | Chief Financial Officer and Principal Financial Officer (2009) and Senior Vice President (2019) | Vice President, Head of North American Operations, and Co-Head of Global Operations, Columbia Management Investment Advisers, LLC, since June 2019 (previously Vice President – Accounting and Tax, May 2010 – May 2019); senior officer of Columbia Funds and affiliated funds since 2002. |
Joseph Beranek 5890 Ameriprise Financial Center Minneapolis, MN 55474 1965 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) (2019) and Principal Financial Officer (2020), CFST, CFST I, CFST II, CFVIT and CFVST II; Assistant Treasurer, Columbia ETF Trust I and Columbia ETF Trust II | Vice President – Mutual Fund Accounting and Financial Reporting, Columbia Management Investment Advisers, LLC, since December 2018 and March 2017, respectively (previously Vice President – Pricing and Corporate Actions, May 2010 - March 2017). |
Marybeth Pilat 225 Franklin Street Boston, MA 02110 1968 | Treasurer and Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer (2020) for Columbia ETF Trust I and Columbia ETF Trust II; Assistant Treasurer, CFST, CFST I, CFST II, CFVIT and CFVST II | Vice President – Product Pricing and Administration, Columbia Management Investment Advisers, LLC, since May 2017; Director - Fund Administration, Calvert Investments, August 2015 – March 2017; Vice President - Fund Administration, Legg Mason, May 2015 - July 2015; Vice President - Fund Administration, Columbia Management Investment Advisers, LLC, May 2010 - April 2015. |
William F. Truscott 225 Franklin Street Boston, MA 02110 1960 | Senior Vice President (2001) | Formerly, Trustee of Columbia Funds Complex until January 1, 2021; Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012; Chairman of the Board and President, Columbia Management Investment Advisers, LLC since July 2004 and February 2012, respectively; Chairman of the Board and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since November 2008 and February 2012, respectively; Chairman of the Board and Director, Threadneedle Asset Management Holdings, Sàrl since March 2013 and December 2008, respectively; senior executive of various entities affiliated with Columbia Threadneedle. |
Paul B. Goucher 485 Lexington Avenue New York, NY 10017 1968 | Senior Vice President (2011) and Assistant Secretary (2008) | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 - January 2017 and January 2013 - January 2017, respectively); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since March 2015 (previously Vice President and Assistant Secretary, May 2010 – March 2015). |
Thomas P. McGuire 225 Franklin Street Boston, MA 02110 1972 | Senior Vice President and Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Columbia Acorn/Wanger Funds since December 2015; Chief Compliance Officer, Ameriprise Certificate Company September 2010 – September 2020. |
Colin Moore 225 Franklin Street Boston, MA 02110 1958 | Senior Vice President (2010) | Executive Vice President and Global Chief Investment Officer, Ameriprise Financial, Inc., since July 2013; Executive Vice President and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since July 2013. |
Columbia Large Cap Enhanced Core Fund | Annual Report 2021 | 39 |
Fund officers (continued)
Name, address and year of birth | Position and year first appointed to position for any Fund in the Columbia Funds Complex or a predecessor thereof | Principal occupation(s) during past five years |
Ryan C. Larrenaga 225 Franklin Street Boston, MA 02110 1970 | Senior Vice President (2017), Chief Legal Officer (2017), and Secretary (2015) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously Vice President and Group Counsel, August 2011 - August 2018); Chief Legal Officer, Columbia Acorn/Wanger Funds, since September 2020; officer of Columbia Funds and affiliated funds since 2005. |
Daniel J. Beckman 225 Franklin Street Boston, MA 02110 1962 | Senior Vice President (2020) | Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015). |
Michael E. DeFao 225 Franklin Street Boston, MA 02110 1968 | Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. |
Lyn Kephart-Strong 5228 Ameriprise Financial Center Minneapolis, MN 55474 1960 | Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Trustee | Votes for | Votes withheld | Abstentions |
George S. Batejan | 1,166,986,012 | 16,252,243 | 0 |
Kathleen Blatz | 1,167,818,192 | 15,420,063 | 0 |
Pamela G. Carlton | 1,167,761,255 | 15,477,001 | 0 |
Janet Langford Carrig | 1,169,443,247 | 13,795,008 | 0 |
J. Kevin Connaughton | 1,168,554,731 | 14,683,525 | 0 |
Olive M. Darragh | 1,169,004,224 | 14,234,032 | 0 |
Patricia M. Flynn | 1,168,110,224 | 15,128,031 | 0 |
Brian J. Gallagher | 1,166,931,187 | 16,307,068 | 0 |
Douglas A. Hacker | 1,168,253,721 | 14,984,535 | 0 |
Nancy T. Lukitsh | 1,169,128,202 | 14,110,053 | 0 |
David M. Moffett | 1,167,387,510 | 15,850,745 | 0 |
Catherine James Paglia | 1,167,159,143 | 16,079,112 | 0 |
Anthony M. Santomero | 1,166,760,857 | 16,477,398 | 0 |
Minor M. Shaw | 1,165,931,084 | 17,307,171 | 0 |
Natalie A. Trunow | 1,168,907,601 | 14,330,655 | 0 |
Sandra Yeager | 1,167,549,796 | 15,688,459 | 0 |
Christopher O. Petersen | 1,167,593,463 | 15,644,793 | 0 |
40 | Columbia Large Cap Enhanced Core Fund | Annual Report 2021 |
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.
(a)The registrant has adopted a code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party.
(b)During the period covered by this report, there were not any amendments to a provision of the code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics definition enumerated in paragraph (b) of this Item.
(c)During the period covered by this report, there were no waivers, including any implicit waivers, from a provision of the code of ethics to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party that relates to one or more of the items set forth in paragraph (b) of this Item.
Item 3. Audit Committee Financial Expert.
The registrant's Board of Trustees has determined that David M. Moffett, Brian J. Gallagher, J. Kevin Connaughton, and Sandra L. Yeager, each of whom are members of the registrant's Board of Trustees and Audit Committee, each qualify as an audit committee financial expert. Mr. Moffett, Mr. Gallagher, Mr. Connaughton, and Ms. Yeager are each independent trustees, as defined in paragraph (a)(2) of this item's instructions.
Item 4. Principal Accountant Fees and Services.
Fee information below is disclosed for the ten series of the registrant whose reports to stockholders are included in this annual filing. Fiscal year 2020 also includes fees for two funds that merged during the period.
(a)Audit Fees. Aggregate Audit Fees billed by the principal accountant for professional services rendered during the fiscal years ended February 28, 2021 and February 29, 2020 are approximately as follows:
20212020
$322,000 $358,000
Audit Fees include amounts related to the audit of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years.
(b)Audit-Related Fees. Aggregate Audit-Related Fees billed to the registrant by the principal accountant for professional services rendered during the fiscal years ended February 28, 2021 and February 29, 2020 are approximately as follows:
20212020
$10,800 $7,500
Audit-Related Fees include amounts for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant's financial statements and are not reported in Audit Fees above.
During the fiscal years ended February 28, 2021 and February 29, 2020, there were no Audit-Related Fees billed by the registrant's principal accountant to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for an engagement that related directly to the operations and financial reporting of the registrant.
(c)Tax Fees. Aggregate Tax Fees billed by the principal accountant to the registrant for professional services rendered during the fiscal years ended February 28, 2021 and February 29, 2020 are approximately as follows:
20212020
$1,600 $5,800
Tax Fees include amounts for the review of annual tax returns, the review of required shareholder distribution calculations and typically include amounts for professional services by the principal accountant for tax compliance, tax advice and tax planning.
During the fiscal years ended February 28, 2021 and February 29, 2020, there were no Tax Fees billed by the registrant's principal accountant to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for an engagement that related directly to the operations and financial reporting of the registrant.
(d)All Other Fees. Aggregate All Other Fees billed by the principal accountant to the registrant for professional services rendered during the fiscal years ended February 28, 2021 and February 29, 2020 are approximately as follows:
2021 | 2020 |
$0 | $0 |
All Other Fees include amounts for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) above.
Aggregate All Other Fees billed by the registrant's principal accountant to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for an engagement that related directly to the operations and financial reporting of the registrant during the fiscal years ended February 28, 2021 and February 29, 2020 are approximately as follows:
20212020
$550,700 $520,000
In fiscal years 2021 and 2020, All Other Fees primarily consists of fees billed for internal control examinations of the registrant's transfer agent and investment adviser.
(e)(1) Audit Committee Pre-Approval Policies and Procedures
The registrant's Audit Committee is required to pre-approve the engagement of the
registrant's independent auditors to provide audit and non-audit services to the registrant and non-audit services to its investment adviser (excluding any sub-adviser whose role is primarily portfolio management and is sub-contracted or overseen by another investment adviser (the "Adviser") or any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Fund (a "Control Affiliate") if the engagement relates directly to the operations and financial reporting of the registrant.
The Audit Committee has adopted a Policy for Engagement of Independent Auditors for Audit and Non-Audit Services (the "Policy"). The Policy sets forth the understanding of the Audit Committee regarding the engagement of the registrant's independent accountants to provide (i) audit and permissible audit-related, tax and other services to the registrant ("Fund Services"); (ii) non-audit services to the registrant's Adviser and any Control Affiliates, that relates directly to the operations and financial reporting of a Fund ("Fund-related Adviser Services"); and (iii) certain other audit and non-audit services to the registrant's Adviser and its Control Affiliates. A service will require specific pre-approval by the Audit Committee if it is to be provided by the Fund's independent auditor; provided, however, that pre-approval of non-audit services to the Fund, the Adviser or Control Affiliates may be waived if certain de minimis requirements set forth in the SEC's rules are met.
Under the Policy, the Audit Committee may delegate pre-approval authority to any pre- designated member or members who are independent board members. The member(s) to whom such authority is delegated must report, for informational purposes only, any pre- approval decisions to the Audit Committee at its next regular meeting. The Audit Committee's responsibilities with respect to the pre-approval of services performed by the independent auditor may not be delegated to management.
On an annual basis, at a regularly scheduled Audit Committee meeting, the Fund's Treasurer or other Fund officer shall submit to the Audit Committee a schedule of the types of Fund Services and Fund-related Adviser Services that are subject to specific pre- approval. This schedule will provide a description of each type of service that is subject to specific pre-approval, along with total projected fees for each service. The pre- approval will generally cover a one-year period. The Audit Committee will review and approve the types of services and the projected fees for the next one-year period and may add to, or subtract from, the list of pre-approved services from time to time, based on subsequent determinations. This specific approval acknowledges that the Audit Committee is in agreement with the specific types of services that the independent auditor will be permitted to perform and the projected fees for each service.
The Fund's Treasurer or other Fund officer shall report to the Audit Committee at each of its regular meetings regarding all Fund Services or Fund-related Adviser Services provided since the last such report was rendered, including a description of the services, by category, with forecasted fees for the annual reporting period, proposed changes requiring specific pre-approval and a description of services provided by the independent auditor, by category, with actual fees during the current reporting period.
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(e)(2) None, or 0%, of the Audit-Related Fees, Tax Fees and All Other Fees paid by the Fund or affiliated entities relating directly to the operations and financial reporting of the Registrant disclosed above were approved by the audit committee pursuant to paragraphs (c)(7)(i)(C) of Rule 2-01 of Regulation S-X (which permits audit committee approval after the start of the engagement with respect to services other than audit, review or attest services, if certain conditions are satisfied).
(f)Not applicable.
(g)The aggregate non-audit fees billed by the registrant's accountant for services rendered to the registrant, and rendered to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for the fiscal years ended February 28, 2021 and February 29, 2020 are approximately as follows:
20212020
$563,100 $533,300
(h)The registrant's Audit Committee of the Board of Directors has considered whether the provision of non-audit services that were rendered to the registrant's adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to
paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X, is compatible with maintaining the principal accountant's independence.
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)(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 |
| April 22, 2021 |
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 |
| April 22, 2021 |
|
By (Signature and Title) | /s/ Michael G. Clarke | ||
|
| Michael G. Clarke, Chief Financial Officer, Principal Financial Officer | |
|
| and Senior Vice President | |
Date |
| April 22, 2021 |
|
By (Signature and Title) | /s/ Joseph Beranek | ||
|
| Joseph Beranek, Treasurer, Chief Accounting Officer and Principal | |
|
| Financial Officer | |
Date |
| April 22, 2021 |
|