UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number811-09645
Columbia Funds Series Trust
(Exact name of registrant as specified in charter)
225 Franklin Street
Boston, Massachusetts 02110
(Address of principal executive offices) (Zip code)
Christopher O. Petersen, Esq.
c/o Columbia Management Investment Advisers, LLC
225 Franklin Street
Boston, Massachusetts 02110
Ryan C. Larrenaga, Esq.
c/o Columbia Management Investment Advisers, LLC
225 Franklin Street
Boston, MA 02110
(Name and address of agent for service)
Registrant's telephone number, including area code: (800) 345-6611
Date of fiscal year end: March 31
Date of reporting period: March 31, 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.
March 31, 2021
3 | |
5 | |
7 | |
8 | |
25 | |
27 | |
28 | |
30 | |
34 | |
47 | |
48 | |
48 | |
54 | |
55 |
Average annual total returns (%) (for the period ended March 31, 2021) | |||||
Inception | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 10/02/92 | 9.77 | 2.00 | 1.50 |
Including sales charges | 8.73 | 1.80 | 1.40 | ||
Advisor Class* | 11/08/12 | 10.06 | 2.26 | 1.77 | |
Class C | Excluding sales charges | 10/02/92 | 9.06 | 1.38 | 0.99 |
Including sales charges | 8.06 | 1.38 | 0.99 | ||
Institutional Class | 09/30/92 | 9.95 | 2.26 | 1.76 | |
Institutional 2 Class* | 11/08/12 | 10.04 | 2.33 | 1.83 | |
Institutional 3 Class | 07/15/09 | 10.09 | 2.40 | 1.89 | |
Class R | 09/27/10 | 9.50 | 1.75 | 1.25 | |
Bloomberg Barclays 1-3 Year Government/Credit Index | 1.57 | 2.00 | 1.57 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia Short Term Bond Fund | Annual Report 2021 | 3 |
Portfolio breakdown (%) (at March 31, 2021) | |
Asset-Backed Securities — Non-Agency | 25.3 |
Commercial Mortgage-Backed Securities - Non-Agency | 10.9 |
Corporate Bonds & Notes | 31.0 |
Foreign Government Obligations | 0.1 |
Money Market Funds | 2.6 |
Residential Mortgage-Backed Securities - Agency | 4.7 |
Residential Mortgage-Backed Securities - Non-Agency | 24.5 |
U.S. Treasury Obligations | 0.9 |
Total | 100.0 |
Quality breakdown (%) (at March 31, 2021) | |
AAA rating | 17.5 |
AA rating | 12.2 |
A rating | 21.2 |
BBB rating | 26.8 |
BB rating | 5.3 |
B rating | 3.2 |
CCC rating | 0.5 |
Not rated | 13.3 |
Total | 100.0 |
4 | Columbia Short Term Bond Fund | Annual Report 2021 |
• | The Fund’s outperformance relative to the benchmark was the result of overweighting spread products in lieu of U.S. government-backed securities. |
• | Exposures to out-of-benchmark securitized products, including non-agency CMOs, asset-backed securities (ABS), and commercial mortgage-backed securities (CMBS) were particularly additive. |
• | The Fund’s overweight to BBB-rated and exposure to high-yield corporates also contributed, as lower quality outperformed higher quality during the period. |
• | Not owning any non-corporate credits benefited the Fund, as it was the largest subsector of the benchmark and significantly trailed all the others in excess returns. |
• | The Fund’s exposure to longer dated maturities beyond the 1-3 year benchmark marginally detracted from returns, as interest rates rose meaningfully during the last two months of the reporting period. |
• | After trading in a very narrow range throughout the year, five-year yields backed up 55 basis points after January 31st, yielding 0.94% on March 31, 2021. |
Columbia Short Term Bond Fund | Annual Report 2021 | 5 |
6 | Columbia Short Term Bond Fund | Annual Report 2021 |
(Unaudited)
October 1, 2020 — March 31, 2021 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,013.80 | 1,021.14 | 3.82 | 3.83 | 0.76 |
Advisor Class | 1,000.00 | 1,000.00 | 1,015.00 | 1,022.39 | 2.56 | 2.57 | 0.51 |
Class C | 1,000.00 | 1,000.00 | 1,010.00 | 1,018.40 | 6.56 | 6.59 | 1.31 |
Institutional Class | 1,000.00 | 1,000.00 | 1,014.00 | 1,022.39 | 2.56 | 2.57 | 0.51 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,015.40 | 1,022.74 | 2.21 | 2.22 | 0.44 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,015.60 | 1,022.99 | 1.96 | 1.97 | 0.39 |
Class R | 1,000.00 | 1,000.00 | 1,012.50 | 1,019.90 | 5.07 | 5.09 | 1.01 |
Columbia Short Term Bond Fund | Annual Report 2021 | 7 |
March 31, 2021
Asset-Backed Securities — Non-Agency 26.8% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
American Credit Acceptance Receivables Trust(a) | ||||
Series 2020-1 Class D | ||||
03/13/2026 | 2.390% | 8,675,000 | 8,908,501 | |
Series 2020-2 Class D | ||||
05/13/2026 | 5.650% | 2,000,000 | 2,212,622 | |
Subordinated Series 2020-3 Class C | ||||
06/15/2026 | 1.850% | 9,850,000 | 10,041,197 | |
ARES XLVII CLO Ltd.(a),(b) | ||||
Series 2018-47A Class B | ||||
3-month USD LIBOR + 1.450% Floor 1.450% 04/15/2030 | 1.691% | 4,000,000 | 3,984,780 | |
Avant Loans Funding Trust(a) | ||||
Series 2019-A Class B | ||||
12/15/2022 | 3.800% | 2,260,400 | 2,267,518 | |
Series 2019-B Class B | ||||
10/15/2026 | 3.150% | 2,750,000 | 2,776,064 | |
Series 2020-REV1 Class A | ||||
05/15/2029 | 2.170% | 10,000,000 | 10,010,544 | |
Series 2020-REV1 Class B | ||||
05/15/2029 | 2.680% | 1,600,000 | 1,608,841 | |
Barings CLO Ltd.(a),(b) | ||||
Series 2018-4A Class B | ||||
3-month USD LIBOR + 1.700% Floor 1.700% 10/15/2030 | 1.941% | 10,800,000 | 10,800,767 | |
Carlyle Global Market Strategies CLO Ltd.(a),(b) | ||||
Series 2013-4A Class BRR | ||||
3-month USD LIBOR + 1.420% Floor 1.420% 01/15/2031 | 1.661% | 5,000,000 | 4,935,815 | |
Carlyle US CLO Ltd.(a),(b) | ||||
Series 2016-4A Class A2R | ||||
3-month USD LIBOR + 1.450% Floor 1.450% 10/20/2027 | 1.674% | 8,000,000 | 7,993,760 | |
Series 2017-5A Class A1B | ||||
3-month USD LIBOR + 1.250% 01/20/2030 | 1.474% | 8,000,000 | 7,977,712 | |
Carvana Auto Receivables Trust(a) | ||||
Subordinated Series 2019-3A Class C | ||||
10/15/2024 | 2.710% | 2,950,000 | 3,033,820 | |
Cascade Funding Mortgage Trust(a) | ||||
CMO Series 2021-GRN1 Class A | ||||
03/20/2041 | 1.100% | 3,527,255 | 3,524,703 | |
Conn’s Receivables Funding LLC(a) | ||||
Series 2019-A Class A | ||||
10/16/2023 | 3.400% | 228,651 | 229,237 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Consumer Lending Receivables Trust(a) | ||||
Series 2019-A Class A | ||||
04/15/2026 | 3.520% | 194,694 | 194,833 | |
Consumer Loan Underlying Bond CLUB Credit Trust(a) | ||||
Subordinated Series 2020-P1 Class B | ||||
03/15/2028 | 2.920% | 4,500,000 | 4,584,213 | |
Consumer Loan Underlying Bond Credit Trust(a) | ||||
Series 2018-P2 Class B | ||||
10/15/2025 | 4.100% | 687,106 | 690,693 | |
Dell Equipment Finance Trust(a) | ||||
Subordinated Series 2020-1 Class B | ||||
04/24/2023 | 2.980% | 3,242,000 | 3,345,964 | |
Dext ABS LLC(a) | ||||
Subordinated Series 2020-1 Class B | ||||
11/15/2027 | 1.920% | 3,500,000 | 3,497,527 | |
Drive Auto Receivables Trust | ||||
Subordinated Series 2020-2 Class D | ||||
05/15/2028 | 3.050% | 650,000 | 683,458 | |
Dryden Senior Loan Fund(a),(b) | ||||
Series 2016-42A Class BR | ||||
3-month USD LIBOR + 1.550% 07/15/2030 | 1.791% | 3,025,000 | 3,025,166 | |
DT Auto Owner Trust(a) | ||||
Series 2019-3A Class D | ||||
04/15/2025 | 2.960% | 4,900,000 | 5,068,363 | |
Exeter Automobile Receivables Trust(a) | ||||
Series 2019-4A Class D | ||||
09/15/2025 | 2.580% | 4,425,000 | 4,557,896 | |
Exeter Automobile Receivables Trust | ||||
Subordinated Series 2021-1A Class C | ||||
01/15/2026 | 0.740% | 2,400,000 | 2,393,518 | |
Foundation Finance Trust(a) | ||||
Series 2019-1A Class A | ||||
11/15/2034 | 3.860% | 1,881,204 | 1,946,639 | |
Freed ABS Trust(a) | ||||
Subordinated Series 2021-1CP Class B | ||||
03/20/2028 | 1.410% | 1,625,000 | 1,626,138 | |
GLS Auto Receivables Issuer Trust(a) | ||||
Subordinated Series 2019-4A Class B | ||||
09/16/2024 | 2.780% | 9,750,000 | 9,988,475 | |
Subordinated Series 2020-1A Class C | ||||
11/17/2025 | 2.720% | 4,850,000 | 4,996,875 | |
Jay Park CLO Ltd.(a),(b) | ||||
Series 2016-1A Class A2R | ||||
3-month USD LIBOR + 1.450% 10/20/2027 | 1.674% | 5,500,000 | 5,500,533 |
8 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Madison Park Funding XLVIII Ltd.(a),(b) | ||||
Series 2021-48A Class A | ||||
3-month USD LIBOR + 1.150% Floor 1.150% 04/19/2033 | 1.292% | 1,250,000 | 1,249,994 | |
Madison Park Funding XXXIII Ltd.(a),(b) | ||||
Series 2019-33A Class B1 | ||||
3-month USD LIBOR + 1.800% Floor 1.800% 10/15/2032 | 2.041% | 5,550,000 | 5,567,899 | |
Marlette Funding Trust(a) | ||||
Series 2019-1A Class B | ||||
04/16/2029 | 3.940% | 750,000 | 763,385 | |
Series 2019-3A Class B | ||||
09/17/2029 | 3.070% | 5,175,000 | 5,259,005 | |
Series 2020-2A Class B | ||||
09/16/2030 | 1.830% | 7,500,000 | 7,562,113 | |
Subordinated Series 2019-2A Class B | ||||
07/16/2029 | 3.530% | 2,625,000 | 2,678,982 | |
MVW Owner Trust(a) | ||||
Series 2017-1A Class A | ||||
12/20/2034 | 2.420% | 2,288,909 | 2,338,589 | |
NRZ Advance Receivables Trust(a) | ||||
Series 2020-T3 Class AT3 | ||||
10/15/2052 | 1.317% | 5,450,000 | 5,450,129 | |
Octagon Investment Partners 39 Ltd.(a),(b) | ||||
Series 2018-3A Class B | ||||
3-month USD LIBOR + 1.650% Floor 1.650% 10/20/2030 | 2.074% | 11,200,000 | 11,201,882 | |
Octane Receivables Trust(a) | ||||
Series 2019-1A Class A | ||||
09/20/2023 | 3.160% | 1,022,339 | 1,036,644 | |
OHA Credit Partners VII Ltd.(a),(b) | ||||
Series 2012-7A Class AR3 | ||||
3-month USD LIBOR + 1.070% Floor 1.070% 02/20/2034 | 1.238% | 5,000,000 | 5,002,835 | |
Pagaya AI Debt Selection Trust(a) | ||||
Series 2021-1 Class A | ||||
11/15/2027 | 1.180% | 4,500,000 | 4,499,989 | |
Prosper Marketplace Issuance Trust(a) | ||||
Series 2019-1A Class B | ||||
04/15/2025 | 4.030% | 249,841 | 250,697 | |
Series 2019-2A Class B | ||||
09/15/2025 | 3.690% | 1,464,176 | 1,471,820 | |
Series 2019-3A Class B | ||||
07/15/2025 | 3.590% | 3,250,000 | 3,260,771 | |
Series 2019-4A Class B | ||||
02/17/2026 | 3.200% | 5,750,000 | 5,727,914 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Race Point CLO Ltd.(a),(b) | ||||
Series 2013-8A Class AR2 | ||||
3-month USD LIBOR + 1.040% Floor 1.040% 02/20/2030 | 1.222% | 2,961,982 | 2,962,302 | |
Race Point IX CLO Ltd.(a),(b),(c) | ||||
Series 2015-9A Class A2R | ||||
3-month USD LIBOR + 1.450% Floor 1.450% 10/15/2030 | 3.000% | 4,975,000 | 4,975,527 | |
Race Point IX CLO Ltd.(a),(b) | ||||
Series 2015-9R Class A2R | ||||
3-month USD LIBOR + 1.650% 10/15/2030 | 1.891% | 11,250,000 | 11,250,000 | |
RR 3 Ltd.(a),(b) | ||||
Series 2014-14A Class A2R2 | ||||
3-month USD LIBOR + 1.400% Floor 1.400% 01/15/2030 | 1.641% | 10,000,000 | 9,961,040 | |
SCF Equipment Leasing LLC(a) | ||||
Series 2019-2A Class B | ||||
08/20/2026 | 2.760% | 4,000,000 | 4,154,506 | |
Subordinated Series 2020-1A Class B | ||||
03/20/2028 | 2.020% | 4,900,000 | 4,963,071 | |
Sierra Receivables Funding Co., LLC(a) | ||||
Series 2017-1A Class A | ||||
03/20/2034 | 2.910% | 1,315,753 | 1,335,764 | |
Sierra Timeshare Receivables Funding LLC(a) | ||||
Series 2016-3A Class A | ||||
10/20/2033 | 2.430% | 981,063 | 989,497 | |
Series 2018-3A Class A | ||||
09/20/2035 | 3.690% | 593,101 | 596,328 | |
SoFi Consumer Loan Program Trust(a) | ||||
Series 2019-1 Class B | ||||
02/25/2028 | 3.450% | 3,025,000 | 3,057,789 | |
Upgrade Receivables Trust(a) | ||||
Subordinated Series 2019-2A Class C | ||||
10/15/2025 | 4.450% | 5,113,983 | 5,216,092 | |
Upstart Pass-Through Trust(a),(d) | ||||
Series 2020-ST4 Class A | ||||
11/20/2026 | 3.250% | 5,386,089 | 5,386,089 | |
Upstart Pass-Through Trust(a) | ||||
Series 2020-ST6 Class A | ||||
01/20/2027 | 3.000% | 4,688,053 | 4,752,756 | |
Upstart Pass-Through Trust(a),(c),(d) | ||||
Series 2021-ST3 Class A | ||||
05/20/2027 | 2.000% | 3,700,000 | 3,700,000 | |
Upstart Securitization Trust(a) | ||||
Series 2019-3 Class A | ||||
01/21/2030 | 2.684% | 1,784,635 | 1,799,747 |
Columbia Short Term Bond Fund | Annual Report 2021 | 9 |
March 31, 2021
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2020-2 Class A | ||||
11/20/2030 | 2.309% | 3,237,110 | 3,237,358 | |
Westlake Automobile Receivables Trust(a) | ||||
Series 2020-2A Class D | ||||
01/15/2026 | 2.760% | 1,570,000 | 1,629,584 | |
Subordinated Series 2019-3A Class D | ||||
11/15/2024 | 2.720% | 5,914,000 | 6,100,154 | |
Total Asset-Backed Securities — Non-Agency (Cost $269,112,853) | 271,796,424 | |||
Commercial Mortgage-Backed Securities - Non-Agency 11.5% | ||||
Ashford Hospitality Trust(a),(b) | ||||
Series 2018-KEYS Class B | ||||
1-month USD LIBOR + 1.300% Floor 1.300% 05/15/2035 | 1.556% | 9,100,000 | 9,051,695 | |
BAMLL Commercial Mortgage Securities Trust(a),(b) | ||||
Series 2018-DSNY Class C | ||||
1-month USD LIBOR + 1.350% Floor 1.350% 09/15/2034 | 1.456% | 11,500,000 | 11,414,663 | |
BBCMS Trust(a),(b) | ||||
Subordinated Series 2018-BXH Class B | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 10/15/2037 | 1.356% | 3,650,000 | 3,623,697 | |
Subordinated Series 2018-BXH Class C | ||||
1-month USD LIBOR + 1.500% Floor 1.500% 10/15/2037 | 1.606% | 1,975,000 | 1,946,381 | |
BHMS Mortgage Trust(a),(b) | ||||
Series 2018-ATLS Class A | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 07/15/2035 | 1.356% | 13,500,000 | 13,491,527 | |
BX Commercial Mortgage Trust(a),(b) | ||||
Series 2018-IND Class C | ||||
1-month USD LIBOR + 1.100% Floor 1.100% 11/15/2035 | 1.206% | 5,950,000 | 5,949,998 | |
Series 2019-XL Class C | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 10/15/2036 | 1.356% | 3,338,815 | 3,338,814 | |
BX Trust(a),(b) | ||||
Series 2019-ATL Class C | ||||
1-month USD LIBOR + 1.587% Floor 1.587%, Cap 1.587% 10/15/2036 | 1.693% | 2,180,000 | 2,155,512 |
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2019-ATL Class D | ||||
1-month USD LIBOR + 1.887% Floor 1.887% 10/15/2036 | 1.993% | 1,931,000 | 1,873,149 | |
CLNY Trust(a),(b) | ||||
Series 2019-IKPR Class D | ||||
1-month USD LIBOR + 2.025% Floor 2.025% 11/15/2038 | 2.131% | 5,900,000 | 5,737,873 | |
COMM Mortgage Trust(a),(b) | ||||
Series 2019-WCM Class C | ||||
1-month USD LIBOR + 1.300% Floor 1.300% 10/15/2036 | 1.406% | 3,900,000 | 3,892,723 | |
Home Partners of America Trust(a),(b) | ||||
Series 2018-1 Class A | ||||
1-month USD LIBOR + 0.900% Floor 0.900% 07/17/2037 | 1.006% | 2,609,957 | 2,610,228 | |
Invitation Homes Trust(a),(b) | ||||
Series 2018-SFR1 Class A | ||||
1-month USD LIBOR + 0.700% 03/17/2037 | 0.806% | 8,657,217 | 8,670,695 | |
KKR Industrial Portfolio Trust(a),(b) | ||||
Subordinated Series 2021-KDIP Class D | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 12/15/2037 | 1.356% | 1,300,000 | 1,300,000 | |
Morgan Stanley Capital I Trust(a),(e) | ||||
Series 2019-MEAD Class D | ||||
11/10/2036 | 3.177% | 3,675,000 | 3,560,186 | |
One New York Plaza Trust(a),(b) | ||||
Subordinated Series 2020-1NYP Class C | ||||
1-month USD LIBOR + 2.200% Floor 2.200% 01/15/2026 | 2.306% | 3,000,000 | 3,029,939 | |
Subordinated Series 2020-1NYP Class D | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 01/15/2026 | 2.856% | 1,125,000 | 1,136,227 | |
Progress Residential Trust(a) | ||||
Series 2018-SF3 Class A | ||||
10/17/2035 | 3.880% | 11,879,629 | 12,031,317 | |
Series 2020-SFR1 Class C | ||||
04/17/2037 | 2.183% | 1,000,000 | 1,002,554 | |
Series 2020-SFR1 Class D | ||||
04/17/2037 | 2.383% | 2,025,000 | 2,030,257 | |
Series 2020-SFR2 Class A | ||||
06/17/2037 | 2.078% | 1,200,000 | 1,225,244 | |
Subordinated Series 2020-SFR2 Class C | ||||
06/18/2037 | 3.077% | 300,000 | 309,644 |
10 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Subordinated Series 2020-SFR2 Class D | ||||
06/18/2037 | 3.874% | 350,000 | 362,697 | |
Wells Fargo Commercial Mortgage Trust(a),(b) | ||||
Series 2017-SMP Class A | ||||
1-month USD LIBOR + 0.875% Floor 0.750% 12/15/2034 | 0.981% | 16,055,000 | 15,995,661 | |
Series 2020-SDAL Class D | ||||
1-month USD LIBOR + 2.090% Floor 2.090% 02/15/2037 | 2.196% | 1,600,000 | 1,504,129 | |
Total Commercial Mortgage-Backed Securities - Non-Agency (Cost $117,063,140) | 117,244,810 | |||
Corporate Bonds & Notes 32.8% | ||||
Aerospace & Defense 1.1% | ||||
BAE Systems Holdings, Inc.(a) | ||||
12/15/2025 | 3.850% | 2,900,000 | 3,197,051 | |
Boeing Co. (The) | ||||
02/01/2027 | 2.700% | 2,500,000 | 2,537,778 | |
L3Harris Technologies, Inc. | ||||
12/15/2026 | 3.850% | 2,000,000 | 2,213,414 | |
Northrop Grumman Corp. | ||||
08/01/2023 | 3.250% | 1,500,000 | 1,597,035 | |
TransDigm, Inc. | ||||
05/15/2025 | 6.500% | 289,000 | 295,294 | |
06/15/2026 | 6.375% | 216,000 | 223,501 | |
TransDigm, Inc.(a) | ||||
12/15/2025 | 8.000% | 701,000 | 763,474 | |
03/15/2026 | 6.250% | 448,000 | 474,938 | |
Total | 11,302,485 | |||
Airlines 0.1% | ||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(a) | ||||
04/20/2026 | 5.500% | 436,000 | 453,515 | |
Delta Air Lines, Inc./SkyMiles IP Ltd.(a) | ||||
10/20/2025 | 4.500% | 299,000 | 319,112 | |
Hawaiian Brand Intellectual Property Ltd./Miles Loyalty Ltd.(a) | ||||
01/20/2026 | 5.750% | 67,135 | 71,159 | |
Total | 843,786 | |||
Automotive 0.4% | ||||
American Axle & Manufacturing, Inc. | ||||
03/15/2026 | 6.250% | 213,000 | 218,319 | |
Clarios Global LP(a) | ||||
05/15/2025 | 6.750% | 591,000 | 631,275 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Ford Motor Credit Co. LLC | ||||
01/09/2022 | 3.219% | 178,000 | 180,100 | |
01/09/2023 | 3.087% | 214,000 | 217,531 | |
11/17/2023 | 3.370% | 200,000 | 205,065 | |
03/18/2024 | 5.584% | 1,215,000 | 1,312,012 | |
11/13/2025 | 3.375% | 190,000 | 192,808 | |
KAR Auction Services, Inc.(a) | ||||
06/01/2025 | 5.125% | 1,093,000 | 1,112,346 | |
ZF North America Capital, Inc.(a) | ||||
04/29/2025 | 4.750% | 191,000 | 205,024 | |
Total | 4,274,480 | |||
Banking 6.7% | ||||
Ally Financial, Inc. | ||||
05/19/2022 | 4.625% | 348,000 | 363,558 | |
American Express Co. | ||||
07/30/2024 | 2.500% | 2,000,000 | 2,113,823 | |
ANZ New Zealand International Ltd.(a) | ||||
02/13/2023 | 1.900% | 1,150,000 | 1,180,474 | |
Bank of America Corp. | ||||
08/01/2025 | 3.875% | 7,500,000 | 8,299,998 | |
Bank of Montreal | ||||
12/08/2023 | 0.450% | 1,940,000 | 1,933,122 | |
Bank of New York Mellon Corp. (The) | ||||
01/27/2023 | 1.850% | 2,000,000 | 2,057,908 | |
Bank of Nova Scotia (The) | ||||
09/15/2023 | 0.550% | 2,000,000 | 2,000,980 | |
CIT Group, Inc. | ||||
08/01/2023 | 5.000% | 416,000 | 451,047 | |
Citigroup, Inc.(f) | ||||
10/30/2024 | 0.776% | 6,000,000 | 5,994,715 | |
Discover Bank | ||||
09/12/2024 | 2.450% | 2,500,000 | 2,618,521 | |
Goldman Sachs Group, Inc. (The)(f) | ||||
03/09/2027 | 1.431% | 4,000,000 | 3,961,301 | |
HSBC Holdings PLC(f) | ||||
05/18/2024 | 3.950% | 3,000,000 | 3,202,156 | |
JPMorgan Chase & Co.(f) | ||||
02/04/2027 | 1.040% | 8,475,000 | 8,265,059 | |
Lloyds Bank PLC | ||||
08/14/2022 | 2.250% | 1,000,000 | 1,024,982 | |
Morgan Stanley(f) | ||||
04/28/2026 | 2.188% | 5,500,000 | 5,682,900 | |
PNC Bank NA | ||||
02/23/2025 | 2.950% | 1,950,000 | 2,082,850 | |
Toronto-Dominion Bank (The) | ||||
06/12/2025 | 1.150% | 2,000,000 | 2,000,406 |
Columbia Short Term Bond Fund | Annual Report 2021 | 11 |
March 31, 2021
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Truist Financial Corp.(f) | ||||
03/02/2027 | 1.267% | 2,674,000 | 2,645,459 | |
US Bank NA | ||||
01/21/2025 | 2.050% | 2,000,000 | 2,074,594 | |
Wells Fargo & Co.(f) | ||||
10/30/2025 | 2.406% | 7,000,000 | 7,310,242 | |
Westpac Banking Corp. | ||||
02/26/2024 | 3.300% | 2,500,000 | 2,692,140 | |
Total | 67,956,235 | |||
Brokerage/Asset Managers/Exchanges 0.0% | ||||
NFP Corp.(a) | ||||
05/15/2025 | 7.000% | 482,000 | 516,857 | |
Building Materials 0.1% | ||||
American Builders & Contractors Supply Co., Inc.(a) | ||||
05/15/2026 | 5.875% | 274,000 | 282,920 | |
Beacon Roofing Supply, Inc.(a) | ||||
11/01/2025 | 4.875% | 786,000 | 802,234 | |
Total | 1,085,154 | |||
Cable and Satellite 1.1% | ||||
CCO Holdings LLC/Capital Corp.(a) | ||||
03/01/2023 | 4.000% | 352,000 | 355,892 | |
02/15/2026 | 5.750% | 255,000 | 263,375 | |
05/01/2026 | 5.500% | 157,000 | 161,923 | |
Charter Communications Operating LLC/Capital | ||||
02/01/2024 | 4.500% | 3,000,000 | 3,282,470 | |
Comcast Corp. | ||||
04/15/2024 | 3.700% | 2,500,000 | 2,727,881 | |
CSC Holdings LLC | ||||
11/15/2021 | 6.750% | 160,000 | 164,600 | |
06/01/2024 | 5.250% | 1,016,000 | 1,095,112 | |
CSC Holdings LLC(a) | ||||
05/15/2026 | 5.500% | 192,000 | 198,002 | |
DISH DBS Corp. | ||||
06/01/2021 | 6.750% | 151,000 | 152,192 | |
07/15/2022 | 5.875% | 267,000 | 278,788 | |
03/15/2023 | 5.000% | 151,000 | 157,570 | |
Radiate Holdco LLC/Finance, Inc.(a) | ||||
09/15/2026 | 4.500% | 105,000 | 105,976 | |
Sirius XM Radio, Inc.(a) | ||||
08/01/2022 | 3.875% | 288,000 | 289,708 | |
07/15/2024 | 4.625% | 922,000 | 949,091 | |
07/15/2026 | 5.375% | 191,000 | 197,322 | |
Videotron Ltd. | ||||
07/15/2022 | 5.000% | 239,000 | 248,853 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Virgin Media Secured Finance PLC(a) | ||||
08/15/2026 | 5.500% | 160,000 | 166,027 | |
Total | 10,794,782 | |||
Chemicals 0.5% | ||||
DowDuPont, Inc. | ||||
11/15/2023 | 4.205% | 1,000,000 | 1,085,571 | |
INEOS Group Holdings SA(a) | ||||
08/01/2024 | 5.625% | 568,000 | 575,187 | |
INEOS Quattro Finance 2 Plc(a) | ||||
01/15/2026 | 3.375% | 205,000 | 204,784 | |
Ingevity Corp.(a) | ||||
02/01/2026 | 4.500% | 289,000 | 293,981 | |
LYB International Finance III LLC | ||||
10/01/2025 | 1.250% | 2,465,000 | 2,436,060 | |
PQ Corp.(a) | ||||
12/15/2025 | 5.750% | 171,000 | 175,529 | |
SPCM SA(a) | ||||
09/15/2025 | 4.875% | 309,000 | 317,623 | |
Total | 5,088,735 | |||
Construction Machinery 0.3% | ||||
Caterpillar Financial Services Corp. | ||||
07/07/2023 | 0.650% | 1,000,000 | 1,005,347 | |
John Deere Capital Corp. | ||||
10/10/2023 | 0.400% | 1,000,000 | 1,001,221 | |
Ritchie Bros. Auctioneers, Inc.(a) | ||||
01/15/2025 | 5.375% | 647,000 | 665,591 | |
Total | 2,672,159 | |||
Consumer Cyclical Services 0.2% | ||||
ADT Corp. (The) | ||||
07/15/2022 | 3.500% | 362,000 | 368,907 | |
APX Group, Inc. | ||||
12/01/2022 | 7.875% | 446,000 | 447,787 | |
Expedia Group, Inc.(a) | ||||
05/01/2025 | 6.250% | 9,000 | 10,407 | |
Frontdoor, Inc.(a) | ||||
08/15/2026 | 6.750% | 362,000 | 384,839 | |
Uber Technologies, Inc.(a) | ||||
05/15/2025 | 7.500% | 516,000 | 556,527 | |
Total | 1,768,467 | |||
Consumer Products 0.1% | ||||
CD&R Smokey Buyer, Inc.(a) | ||||
07/15/2025 | 6.750% | 300,000 | 321,544 |
12 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Mattel, Inc.(a) | ||||
12/31/2025 | 6.750% | 94,000 | 98,815 | |
04/01/2026 | 3.375% | 105,000 | 107,469 | |
Newell Brands, Inc. | ||||
06/01/2025 | 4.875% | 334,000 | 368,720 | |
Spectrum Brands, Inc. | ||||
07/15/2025 | 5.750% | 222,000 | 229,100 | |
Total | 1,125,648 | |||
Diversified Manufacturing 1.0% | ||||
BWX Technologies, Inc.(a) | ||||
07/15/2026 | 5.375% | 191,000 | 197,522 | |
Carrier Global Corp. | ||||
02/15/2025 | 2.242% | 3,085,000 | 3,196,863 | |
CFX Escrow Corp.(a) | ||||
02/15/2024 | 6.000% | 514,000 | 530,329 | |
02/15/2026 | 6.375% | 476,000 | 507,324 | |
Gates Global LLC/Co.(a) | ||||
01/15/2026 | 6.250% | 579,000 | 607,797 | |
Honeywell International, Inc. | ||||
06/01/2025 | 1.350% | 1,253,000 | 1,271,196 | |
Siemens Financieringsmaatschappij NV(a) | ||||
03/11/2026 | 1.200% | 3,000,000 | 2,965,681 | |
TriMas Corp.(a) | ||||
10/15/2025 | 4.875% | 224,000 | 229,574 | |
WESCO Distribution, Inc. | ||||
06/15/2024 | 5.375% | 229,000 | 233,762 | |
WESCO Distribution, Inc.(a) | ||||
06/15/2025 | 7.125% | 755,000 | 825,522 | |
Total | 10,565,570 | |||
Electric 3.0% | ||||
American Electric Power Co., Inc. | ||||
11/01/2025 | 1.000% | 2,000,000 | 1,958,070 | |
Calpine Corp.(a) | ||||
06/01/2026 | 5.250% | 294,000 | 302,820 | |
Clearway Energy Operating LLC | ||||
09/15/2026 | 5.000% | 117,000 | 120,846 | |
Dominion Energy, Inc. | ||||
10/01/2025 | 3.900% | 2,000,000 | 2,200,062 | |
DTE Energy Co. | ||||
06/01/2025 | 1.050% | 2,000,000 | 1,979,501 | |
Duke Energy Corp. | ||||
09/15/2025 | 0.900% | 2,000,000 | 1,959,628 | |
Emera U.S. Finance LP | ||||
06/15/2026 | 3.550% | 2,000,000 | 2,171,017 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Eversource Energy | ||||
08/15/2025 | 0.800% | 2,500,000 | 2,441,328 | |
FirstEnergy Corp. | ||||
01/15/2026 | 1.600% | 3,000,000 | 2,911,910 | |
NextEra Energy Capital Holdings, Inc. | ||||
04/01/2024 | 3.150% | 445,000 | 474,604 | |
NextEra Energy Operating Partners LP(a) | ||||
07/15/2024 | 4.250% | 912,000 | 959,898 | |
NRG Energy, Inc. | ||||
05/15/2026 | 7.250% | 573,000 | 596,637 | |
Pinnacle West Capital Corp. | ||||
06/15/2025 | 1.300% | 2,000,000 | 1,992,792 | |
PPL Capital Funding, Inc. | ||||
05/15/2026 | 3.100% | 2,500,000 | 2,670,290 | |
Southern Co. (The) | ||||
03/15/2028 | 1.750% | 3,000,000 | 2,912,587 | |
TerraForm Power Operating LLC(a) | ||||
01/31/2023 | 4.250% | 604,000 | 623,579 | |
Vistra Operations Co. LLC(a) | ||||
09/01/2026 | 5.500% | 274,000 | 284,110 | |
WEC Energy Group, Inc. | ||||
03/15/2024 | 0.800% | 2,029,000 | 2,028,751 | |
Xcel Energy, Inc. | ||||
10/15/2023 | 0.500% | 1,500,000 | 1,500,321 | |
Total | 30,088,751 | |||
Environmental 0.1% | ||||
GFL Environmental, Inc.(a) | ||||
06/01/2025 | 4.250% | 983,000 | 1,011,727 | |
08/01/2025 | 3.750% | 146,000 | 148,172 | |
Total | 1,159,899 | |||
Finance Companies 0.7% | ||||
GE Capital International Funding Co. Unlimited Co. | ||||
11/15/2025 | 3.373% | 5,000,000 | 5,418,302 | |
Navient Corp. | ||||
07/26/2021 | 6.625% | 313,000 | 318,928 | |
01/25/2022 | 7.250% | 267,000 | 276,739 | |
01/25/2023 | 5.500% | 318,000 | 330,416 | |
06/25/2025 | 6.750% | 159,000 | 172,639 | |
SLM Corp. | ||||
10/29/2025 | 4.200% | 192,000 | 201,559 | |
Springleaf Finance Corp. | ||||
05/15/2022 | 6.125% | 522,000 | 546,477 | |
Total | 7,265,060 |
Columbia Short Term Bond Fund | Annual Report 2021 | 13 |
March 31, 2021
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Food and Beverage 2.3% | ||||
Anheuser-Busch InBev Worldwide, Inc. | ||||
01/23/2025 | 4.150% | 3,500,000 | 3,887,545 | |
Aramark Services, Inc.(a) | ||||
05/01/2025 | 6.375% | 42,000 | 44,521 | |
B&G Foods, Inc. | ||||
04/01/2025 | 5.250% | 309,000 | 318,003 | |
Bacardi Ltd.(a) | ||||
05/15/2025 | 4.450% | 3,500,000 | 3,893,260 | |
Campbell Soup Co. | ||||
03/15/2028 | 4.150% | 2,000,000 | 2,247,801 | |
Conagra Brands, Inc. | ||||
11/01/2027 | 1.375% | 2,300,000 | 2,216,722 | |
Cott Holdings, Inc.(a) | ||||
04/01/2025 | 5.500% | 703,000 | 722,999 | |
Diageo Capital PLC | ||||
09/29/2025 | 1.375% | 2,500,000 | 2,519,163 | |
FAGE International SA/USA Dairy Industry, Inc.(a) | ||||
08/15/2026 | 5.625% | 248,000 | 256,116 | |
Lamb Weston Holdings, Inc.(a) | ||||
11/01/2024 | 4.625% | 484,000 | 502,181 | |
Mondelez International, Inc. | ||||
05/04/2025 | 1.500% | 1,500,000 | 1,514,490 | |
PepsiCo, Inc. | ||||
10/07/2023 | 0.400% | 1,000,000 | 1,003,558 | |
Performance Food Group, Inc.(a) | ||||
06/01/2024 | 5.500% | 305,000 | 306,218 | |
05/01/2025 | 6.875% | 307,000 | 327,292 | |
Pilgrim’s Pride Corp.(a) | ||||
03/15/2025 | 5.750% | 741,000 | 756,856 | |
Tyson Foods, Inc. | ||||
08/15/2024 | 3.950% | 2,500,000 | 2,733,660 | |
US Foods, Inc.(a) | ||||
04/15/2025 | 6.250% | 155,000 | 166,167 | |
Total | 23,416,552 | |||
Gaming 0.5% | ||||
Boyd Gaming Corp.(a) | ||||
06/01/2025 | 8.625% | 215,000 | 239,050 | |
Colt Merger Sub, Inc.(a) | ||||
07/01/2025 | 5.750% | 385,000 | 406,238 | |
07/01/2025 | 6.250% | 682,000 | 727,262 | |
GLP Capital LP/Financing II, Inc. | ||||
11/01/2023 | 5.375% | 231,000 | 252,599 | |
06/01/2025 | 5.250% | 182,000 | 203,942 | |
International Game Technology PLC(a) | ||||
02/15/2025 | 6.500% | 403,000 | 442,370 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
MGM Growth Properties Operating Partnership LP/Finance Co-Issuer, Inc. | ||||
05/01/2024 | 5.625% | 511,000 | 549,160 | |
MGM Growth Properties Operating Partnership LP/Finance Co-Issuer, Inc.(a) | ||||
06/15/2025 | 4.625% | 139,000 | 146,485 | |
MGM Resorts International | ||||
03/15/2023 | 6.000% | 364,000 | 390,042 | |
Scientific Games International, Inc.(a) | ||||
10/15/2025 | 5.000% | 776,000 | 803,473 | |
Stars Group Holdings BV/Co-Borrower LLC(a) | ||||
07/15/2026 | 7.000% | 116,000 | 121,385 | |
VICI Properties LP/Note Co., Inc.(a) | ||||
02/15/2025 | 3.500% | 377,000 | 383,991 | |
Wynn Las Vegas LLC/Capital Corp.(a) | ||||
05/30/2023 | 4.250% | 337,000 | 342,929 | |
03/01/2025 | 5.500% | 219,000 | 231,255 | |
Total | 5,240,181 | |||
Health Care 1.4% | ||||
Becton Dickinson and Co. | ||||
06/06/2024 | 3.363% | 3,000,000 | 3,216,533 | |
Change Healthcare Holdings LLC/Finance, Inc.(a) | ||||
03/01/2025 | 5.750% | 831,000 | 846,795 | |
Cigna Corp. | ||||
07/15/2023 | 3.000% | 1,500,000 | 1,576,604 | |
CVS Health Corp. | ||||
08/15/2024 | 2.625% | 2,600,000 | 2,743,182 | |
HCA, Inc. | ||||
02/01/2025 | 5.375% | 638,000 | 711,793 | |
02/15/2026 | 5.875% | 250,000 | 287,500 | |
Hill-Rom Holdings, Inc.(a) | ||||
02/15/2025 | 5.000% | 560,000 | 575,658 | |
McKesson Corp. | ||||
03/15/2023 | 2.850% | 1,001,000 | 1,038,779 | |
RP Escrow Issuer LLC(a) | ||||
12/15/2025 | 5.250% | 102,000 | 105,554 | |
Select Medical Corp.(a) | ||||
08/15/2026 | 6.250% | 769,000 | 817,456 | |
Tenet Healthcare Corp. | ||||
07/15/2024 | 4.625% | 924,000 | 943,193 | |
05/01/2025 | 5.125% | 367,000 | 372,236 | |
Tenet Healthcare Corp.(a) | ||||
09/01/2024 | 4.625% | 488,000 | 502,587 | |
Total | 13,737,870 | |||
Healthcare Insurance 0.3% | ||||
Anthem, Inc. | ||||
01/15/2025 | 2.375% | 2,000,000 | 2,090,205 |
14 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Centene Corp.(a) | ||||
08/15/2026 | 5.375% | 156,000 | 164,827 | |
UnitedHealth Group, Inc. | ||||
02/15/2023 | 2.750% | 1,100,000 | 1,141,942 | |
Total | 3,396,974 | |||
Home Construction 0.2% | ||||
Lennar Corp. | ||||
01/15/2022 | 4.125% | 284,000 | 289,241 | |
11/15/2024 | 5.875% | 197,000 | 224,280 | |
Meritage Homes Corp. | ||||
04/01/2022 | 7.000% | 235,000 | 246,874 | |
Taylor Morrison Communities, Inc./Holdings II(a) | ||||
04/15/2023 | 5.875% | 377,000 | 401,380 | |
03/01/2024 | 5.625% | 360,000 | 387,738 | |
TRI Pointe Group, Inc./Homes | ||||
06/15/2024 | 5.875% | 154,000 | 170,170 | |
Total | 1,719,683 | |||
Independent Energy 0.7% | ||||
Apache Corp. | ||||
11/15/2025 | 4.625% | 487,000 | 501,856 | |
Canadian Natural Resources Ltd. | ||||
02/01/2025 | 3.900% | 2,000,000 | 2,157,362 | |
Carrizo Oil & Gas, Inc. | ||||
04/15/2023 | 6.250% | 44,000 | 39,128 | |
Endeavor Energy Resources LP/Finance, Inc.(a) | ||||
07/15/2025 | 6.625% | 587,000 | 627,329 | |
EQT Corp. | ||||
10/01/2022 | 3.000% | 243,000 | 246,924 | |
Murphy Oil Corp. | ||||
08/15/2024 | 6.875% | 162,000 | 165,369 | |
Occidental Petroleum Corp. | ||||
08/15/2024 | 2.900% | 106,000 | 104,687 | |
06/15/2025 | 3.500% | 204,000 | 201,921 | |
12/01/2025 | 5.500% | 323,000 | 341,554 | |
Range Resources Corp. | ||||
08/15/2022 | 5.000% | 146,000 | 148,517 | |
Woodside Finance Ltd.(a) | ||||
03/05/2025 | 3.650% | 2,000,000 | 2,115,104 | |
WPX Energy, Inc. | ||||
09/15/2024 | 5.250% | 714,000 | 791,629 | |
Total | 7,441,380 | |||
Integrated Energy 0.4% | ||||
BP Capital Markets PLC | ||||
02/10/2024 | 3.814% | 1,720,000 | 1,874,579 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Cenovus Energy, Inc. | ||||
04/15/2027 | 4.250% | 2,350,000 | 2,541,509 | |
Total | 4,416,088 | |||
Leisure 0.4% | ||||
Boyne USA, Inc.(a) | ||||
05/01/2025 | 7.250% | 167,000 | 173,593 | |
Carnival Corp.(a) | ||||
03/01/2026 | 7.625% | 250,000 | 268,753 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp. | ||||
06/01/2024 | 5.375% | 393,000 | 396,472 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC(a) | ||||
05/01/2025 | 5.500% | 311,000 | 327,439 | |
Cinemark USA, Inc. | ||||
06/01/2023 | 4.875% | 204,000 | 202,820 | |
Cinemark USA, Inc.(a) | ||||
03/15/2026 | 5.875% | 205,000 | 210,031 | |
Live Nation Entertainment, Inc.(a) | ||||
11/01/2024 | 4.875% | 654,000 | 665,353 | |
Silversea Cruise Finance Ltd.(a) | ||||
02/01/2025 | 7.250% | 196,000 | 202,813 | |
Six Flags Entertainment Corp.(a) | ||||
07/31/2024 | 4.875% | 605,000 | 611,666 | |
Six Flags Theme Parks, Inc.(a) | ||||
07/01/2025 | 7.000% | 139,000 | 150,198 | |
Vail Resorts, Inc.(a) | ||||
05/15/2025 | 6.250% | 374,000 | 398,587 | |
Total | 3,607,725 | |||
Life Insurance 0.7% | ||||
Five Corners Funding Trust(a) | ||||
11/15/2023 | 4.419% | 1,500,000 | 1,645,949 | |
Metropolitan Life Global Funding I(a) | ||||
07/02/2025 | 0.950% | 1,500,000 | 1,483,769 | |
Peachtree Corners Funding Trust(a) | ||||
02/15/2025 | 3.976% | 2,447,000 | 2,673,890 | |
Principal Life Global Funding II(a) | ||||
06/23/2025 | 1.250% | 1,500,000 | 1,496,311 | |
Total | 7,299,919 | |||
Lodging 0.0% | ||||
Hilton Domestic Operating Co., Inc.(a) | ||||
05/01/2025 | 5.375% | 211,000 | 222,382 | |
Wyndham Hotels & Resorts, Inc.(a) | ||||
04/15/2026 | 5.375% | 185,000 | 189,798 | |
Total | 412,180 |
Columbia Short Term Bond Fund | Annual Report 2021 | 15 |
March 31, 2021
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Media and Entertainment 0.7% | ||||
Discovery Communications LLC | ||||
06/15/2025 | 3.950% | 3,000,000 | 3,275,911 | |
iHeartCommunications, Inc. | ||||
05/01/2026 | 6.375% | 482,000 | 511,617 | |
Netflix, Inc. | ||||
02/15/2022 | 5.500% | 160,000 | 166,259 | |
03/01/2024 | 5.750% | 272,000 | 304,822 | |
Netflix, Inc.(a) | ||||
06/15/2025 | 3.625% | 124,000 | 132,223 | |
Outfront Media Capital LLC/Corp.(a) | ||||
06/15/2025 | 6.250% | 422,000 | 447,478 | |
RELX Capital, Inc. | ||||
03/16/2023 | 3.500% | 1,500,000 | 1,580,246 | |
TEGNA, Inc.(a) | ||||
03/15/2026 | 4.750% | 150,000 | 159,186 | |
Walt Disney Co. (The) | ||||
08/30/2024 | 1.750% | 1,000,000 | 1,031,215 | |
Total | 7,608,957 | |||
Metals and Mining 0.2% | ||||
Alcoa Nederland Holding BV(a) | ||||
09/30/2024 | 6.750% | 514,000 | 531,403 | |
Constellium NV(a) | ||||
05/15/2024 | 5.750% | 518,000 | 524,387 | |
02/15/2026 | 5.875% | 373,000 | 384,400 | |
Freeport-McMoRan, Inc. | ||||
11/14/2024 | 4.550% | 405,000 | 443,114 | |
Hudbay Minerals, Inc.(a) | ||||
04/01/2026 | 4.500% | 322,000 | 334,623 | |
Total | 2,217,927 | |||
Midstream 2.0% | ||||
Buckeye Partners LP | ||||
07/01/2023 | 4.150% | 114,000 | 117,102 | |
Cheniere Corpus Christi Holdings LLC | ||||
06/30/2024 | 7.000% | 209,000 | 240,595 | |
DCP Midstream Operating LP | ||||
03/15/2023 | 3.875% | 518,000 | 539,782 | |
Enterprise Products Operating LLC | ||||
02/15/2025 | 3.750% | 2,000,000 | 2,188,499 | |
EQM Midstream Partners LP(a) | ||||
07/01/2025 | 6.000% | 181,000 | 194,556 | |
Kinder Morgan Energy Partners LP | ||||
02/01/2024 | 4.150% | 2,500,000 | 2,714,120 | |
MPLX LP | ||||
12/01/2024 | 4.875% | 2,500,000 | 2,806,860 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
NGPL PipeCo LLC(a) | ||||
08/15/2022 | 4.375% | 182,000 | 188,834 | |
NuStar Logistics LP | ||||
02/01/2022 | 4.750% | 287,000 | 291,386 | |
10/01/2025 | 5.750% | 302,000 | 323,427 | |
06/01/2026 | 6.000% | 175,000 | 188,845 | |
Plains All American Pipeline LP/Finance Corp. | ||||
12/15/2026 | 4.500% | 3,000,000 | 3,293,691 | |
Rockpoint Gas Storage Canada Ltd.(a) | ||||
03/31/2023 | 7.000% | 86,000 | 86,982 | |
Sunoco LP/Finance Corp. | ||||
02/15/2026 | 5.500% | 236,000 | 243,159 | |
Targa Resources Partners LP/Finance Corp. | ||||
11/15/2023 | 4.250% | 1,075,000 | 1,078,803 | |
04/15/2026 | 5.875% | 159,000 | 166,609 | |
Western Midstream Operating LP | ||||
02/01/2025 | 4.350% | 1,998,000 | 2,066,574 | |
Williams Companies, Inc. (The) | ||||
01/15/2023 | 3.700% | 3,000,000 | 3,138,901 | |
Total | 19,868,725 | |||
Natural Gas 0.6% | ||||
NiSource Finance Corp. | ||||
05/15/2027 | 3.490% | 3,000,000 | 3,258,932 | |
Sempra Energy | ||||
06/15/2024 | 3.550% | 3,000,000 | 3,230,338 | |
Total | 6,489,270 | |||
Oil Field Services 0.0% | ||||
Transocean Guardian Ltd.(a) | ||||
01/15/2024 | 5.875% | 101,500 | 89,622 | |
Other Industry 0.1% | ||||
Hillenbrand, Inc. | ||||
06/15/2025 | 5.750% | 358,000 | 382,665 | |
Picasso Finance Sub, Inc.(a) | ||||
06/15/2025 | 6.125% | 135,000 | 143,401 | |
Total | 526,066 | |||
Other REIT 0.1% | ||||
Ladder Capital Finance Holdings LLLP/Corp.(a) | ||||
03/15/2022 | 5.250% | 369,000 | 371,680 | |
10/01/2025 | 5.250% | 75,000 | 75,481 | |
Park Intermediate Holdings LLC/Domestic Property/Finance Co-Issuer(a) | ||||
06/01/2025 | 7.500% | 304,000 | 332,517 | |
Total | 779,678 |
16 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Packaging 0.3% | ||||
Ardagh Packaging Finance PLC/Holdings USA, Inc.(a) | ||||
02/15/2025 | 6.000% | 448,000 | 461,712 | |
04/30/2025 | 5.250% | 585,000 | 614,840 | |
Berry Global, Inc. | ||||
07/15/2023 | 5.125% | 242,000 | 244,428 | |
Berry Global, Inc.(a) | ||||
02/15/2026 | 4.500% | 321,000 | 328,823 | |
BWAY Holding Co.(a) | ||||
04/15/2024 | 5.500% | 395,000 | 400,321 | |
CANPACK SA/Eastern PA Land Investment Holding LLC(a) | ||||
11/01/2025 | 3.125% | 380,000 | 386,123 | |
Trivium Packaging Finance BV(a) | ||||
08/15/2026 | 5.500% | 582,000 | 611,700 | |
Total | 3,047,947 | |||
Pharmaceuticals 1.4% | ||||
AbbVie, Inc. | ||||
05/14/2026 | 3.200% | 5,500,000 | 5,926,072 | |
Amgen, Inc. | ||||
05/22/2024 | 3.625% | 2,000,000 | 2,161,436 | |
Bausch Health Companies, Inc.(a) | ||||
03/15/2024 | 7.000% | 747,000 | 764,755 | |
04/15/2025 | 6.125% | 579,000 | 593,520 | |
11/01/2025 | 5.500% | 186,000 | 191,197 | |
12/15/2025 | 9.000% | 230,000 | 249,896 | |
04/01/2026 | 9.250% | 73,000 | 80,793 | |
Bristol Myers Squibb Co. | ||||
07/26/2024 | 2.900% | 1,238,000 | 1,322,202 | |
Gilead Sciences, Inc. | ||||
09/29/2023 | 0.750% | 2,500,000 | 2,502,802 | |
Jaguar Holding Co. II/PPD Development LP(a) | ||||
06/15/2025 | 4.625% | 604,000 | 628,940 | |
Total | 14,421,613 | |||
Property & Casualty 0.7% | ||||
American International Group, Inc. | ||||
04/01/2026 | 3.900% | 2,000,000 | 2,207,693 | |
Chubb INA Holdings, Inc. | ||||
05/15/2024 | 3.350% | 2,300,000 | 2,478,494 | |
Loews Corp. | ||||
05/15/2023 | 2.625% | 1,644,000 | 1,707,944 | |
Radian Group, Inc. | ||||
10/01/2024 | 4.500% | 160,000 | 166,839 | |
03/15/2025 | 6.625% | 423,000 | 474,455 | |
Total | 7,035,425 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Railroads 0.3% | ||||
CSX Corp. | ||||
08/01/2024 | 3.400% | 2,140,000 | 2,313,583 | |
Union Pacific Corp. | ||||
06/08/2023 | 3.500% | 760,000 | 807,392 | |
Total | 3,120,975 | |||
Refining 0.3% | ||||
Phillips 66 | ||||
02/15/2026 | 1.300% | 3,000,000 | 2,969,846 | |
Restaurants 0.2% | ||||
1011778 BC ULC/New Red Finance, Inc.(a) | ||||
05/15/2024 | 4.250% | 119,000 | 120,509 | |
04/15/2025 | 5.750% | 513,000 | 545,024 | |
IRB Holding Corp.(a) | ||||
06/15/2025 | 7.000% | 973,000 | 1,048,929 | |
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC(a) | ||||
06/01/2026 | 5.250% | 264,000 | 272,148 | |
Yum! Brands, Inc.(a) | ||||
04/01/2025 | 7.750% | 171,000 | 187,062 | |
Total | 2,173,672 | |||
Retailers 0.2% | ||||
Hanesbrands, Inc.(a) | ||||
05/15/2025 | 5.375% | 749,000 | 791,886 | |
Lowe’s Companies, Inc. | ||||
09/15/2024 | 3.125% | 1,000,000 | 1,073,535 | |
Penske Automotive Group, Inc. | ||||
09/01/2025 | 3.500% | 338,000 | 345,297 | |
Total | 2,210,718 | |||
Supermarkets 0.1% | ||||
Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC | ||||
03/15/2025 | 5.750% | 86,000 | 88,803 | |
Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
03/15/2026 | 7.500% | 307,000 | 339,024 | |
Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
02/15/2023 | 3.500% | 185,000 | 189,279 | |
03/15/2026 | 3.250% | 568,000 | 565,843 | |
Total | 1,182,949 | |||
Technology 1.3% | ||||
Broadcom Corp./Cayman Finance Ltd. | ||||
01/15/2027 | 3.875% | 2,500,000 | 2,712,439 | |
BY Crown Parent LLC/Bond Finance, Inc.(a) | ||||
01/31/2026 | 4.250% | 186,000 | 193,167 |
Columbia Short Term Bond Fund | Annual Report 2021 | 17 |
March 31, 2021
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CommScope Finance LLC(a) | ||||
03/01/2024 | 5.500% | 392,000 | 404,205 | |
Fidelity National Information Services, Inc. | ||||
03/01/2026 | 1.150% | 2,500,000 | 2,458,624 | |
Microchip Technology, Inc.(a) | ||||
02/15/2024 | 0.972% | 2,000,000 | 1,997,358 | |
09/01/2025 | 4.250% | 351,000 | 366,795 | |
NCR Corp.(a) | ||||
04/15/2025 | 8.125% | 693,000 | 758,671 | |
NXP BV/Funding LLC/USA, Inc.(a) | ||||
05/01/2025 | 2.700% | 2,500,000 | 2,622,686 | |
PTC, Inc.(a) | ||||
02/15/2025 | 3.625% | 237,000 | 242,951 | |
Symantec Corp.(a) | ||||
04/15/2025 | 5.000% | 402,000 | 407,260 | |
Tempo Acquisition LLC/Finance Corp.(a) | ||||
06/01/2025 | 5.750% | 540,000 | 571,443 | |
Total | 12,735,599 | |||
Transportation Services 0.3% | ||||
ERAC USA Finance LLC(a) | ||||
11/01/2025 | 3.800% | 2,500,000 | 2,749,840 | |
Wireless 0.7% | ||||
Altice France SA(a) | ||||
05/01/2026 | 7.375% | 939,000 | 976,712 | |
American Tower Corp. | ||||
07/15/2027 | 3.550% | 3,000,000 | 3,255,207 | |
SBA Communications Corp. | ||||
09/01/2024 | 4.875% | 243,000 | 249,714 | |
Sprint Communications, Inc. | ||||
11/15/2022 | 6.000% | 255,000 | 272,690 | |
Sprint Corp. | ||||
09/15/2023 | 7.875% | 755,000 | 862,709 | |
06/15/2024 | 7.125% | 442,000 | 510,369 | |
T-Mobile USA, Inc. | ||||
02/15/2026 | 2.250% | 213,000 | 213,175 | |
04/15/2026 | 2.625% | 322,000 | 326,510 | |
Total | 6,667,086 | |||
Wirelines 1.0% | ||||
AT&T, Inc. | ||||
02/01/2028 | 1.650% | 3,500,000 | 3,388,211 | |
CenturyLink, Inc. | ||||
06/15/2021 | 6.450% | 924,000 | 933,240 | |
03/15/2022 | 5.800% | 466,000 | 482,083 | |
04/01/2024 | 7.500% | 126,000 | 141,181 | |
04/01/2025 | 5.625% | 254,000 | 273,960 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Telefonica Emisiones SAU | ||||
04/27/2023 | 4.570% | 1,500,000 | 1,618,751 | |
Verizon Communications, Inc. | ||||
03/22/2028 | 2.100% | 3,300,000 | 3,310,689 | |
Total | 10,148,115 | |||
Total Corporate Bonds & Notes (Cost $329,948,617) | 333,240,650 | |||
Foreign Government Obligations(g) 0.1% | ||||
Canada 0.1% | ||||
NOVA Chemicals Corp.(a) | ||||
08/01/2023 | 5.250% | 578,000 | 582,464 | |
Morocco 0.0% | ||||
Morocco Government AID Bond(b),(d),(h) | ||||
6-month USD LIBOR + 0.000% 05/01/2023 | 0.188% | 212,500 | 209,844 | |
Total Foreign Government Obligations (Cost $785,911) | 792,308 | |||
Residential Mortgage-Backed Securities - Agency 5.0% | ||||
Federal Home Loan Mortgage Corp. | ||||
11/01/2021- 01/01/2024 | 5.000% | 36,455 | 38,276 | |
01/01/2023- 10/01/2024 | 4.500% | 26,412 | 27,766 | |
03/01/2025- 04/01/2026 | 4.000% | 20,894 | 22,261 | |
11/01/2025- 07/01/2026 | 3.500% | 6,635 | 7,078 | |
Federal Home Loan Mortgage Corp.(b) | ||||
1-year CMT + 2.217% Cap 9.550% 03/01/2034 | 2.448% | 118,745 | 118,705 | |
12-month USD LIBOR + 1.735% Cap 10.860% 07/01/2036 | 2.735% | 1,770 | 1,778 | |
12-month USD LIBOR + 1.711% Cap 11.074% 08/01/2036 | 2.449% | 29,839 | 31,554 | |
12-month USD LIBOR + 1.765% Cap 11.060% 12/01/2036 | 2.219% | 14,834 | 14,889 | |
Federal National Mortgage Association | ||||
03/01/2023 | 5.000% | 594 | 623 | |
03/01/2024- 06/01/2026 | 4.000% | 23,421 | 24,937 | |
12/01/2025- 09/01/2026 | 3.500% | 6,738 | 7,187 |
18 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Federal National Mortgage Association(b) | ||||
6-month USD LIBOR + 1.413% Floor 1.413%, Cap 10.038% 07/01/2033 | 1.663% | 22,319 | 22,441 | |
12-month USD LIBOR + 1.485% Floor 1.485%, Cap 11.860% 09/01/2037 | 2.110% | 11,496 | 11,431 | |
Federal National Mortgage Association(e) | ||||
CMO Series 2003-W11 Class A1 | ||||
06/25/2033 | 3.174% | 6,065 | 6,164 | |
Government National Mortgage Association | ||||
09/20/2021 | 6.000% | 1,145 | 1,149 | |
Government National Mortgage Association(b) | ||||
1-year CMT + 1.500% Floor 1.000%, Cap 11.000% 03/20/2030 | 3.000% | 10,893 | 11,331 | |
Uniform Mortgage-Backed Security TBA(c) | ||||
04/19/2036 | 2.000% | 39,525,000 | 40,551,723 | |
04/19/2036 | 2.500% | 9,500,000 | 9,885,937 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $51,021,728) | 50,785,230 | |||
Residential Mortgage-Backed Securities - Non-Agency 25.9% | ||||
AMRESCO Residential Securities Corp. Mortgage Loan Trust(b) | ||||
CMO Series 1998-3 Class A7 | ||||
1-month USD LIBOR + 0.480% Floor 0.480% 07/25/2028 | 0.589% | 11,075 | 11,042 | |
Angel Oak Mortgage Trust(a),(e) | ||||
CMO Series 2020-6 Class A3 | ||||
05/25/2065 | 1.775% | 1,067,347 | 1,069,344 | |
CMO Series 2020-6 Class M1 | ||||
05/25/2065 | 2.805% | 1,225,000 | 1,253,147 | |
Angel Oak Mortgage Trust I LLC(a),(e) | ||||
CMO Series 2018-3 Class A3 | ||||
09/25/2048 | 3.853% | 1,650,708 | 1,682,814 | |
CMO Series 2019-2 Class A3 | ||||
03/25/2049 | 3.833% | 1,716,017 | 1,748,616 | |
Bayview Opportunity Master Fund IVa Trust(a) | ||||
CMO Series 2016-SPL1 Class A | ||||
04/28/2055 | 4.000% | 1,296,455 | 1,329,085 | |
Bellemeade Re Ltd.(a),(b) | ||||
CMO Series 2019-1A Class M1A | ||||
1-month USD LIBOR + 1.300% Floor 1.300% 03/25/2029 | 1.409% | 222,526 | 222,555 | |
CMO Series 2020-2A Class M1B | ||||
1-month USD LIBOR + 3.200% Floor 3.200% 08/26/2030 | 3.309% | 5,345,000 | 5,370,495 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2020-3A Class M1B | ||||
1-month USD LIBOR + 2.850% Floor 2.850% 10/25/2030 | 2.959% | 1,925,000 | 1,929,675 | |
CMO Series 2021-1A Class M1B | ||||
30-day Average SOFR + 2.200% Floor 2.200% 03/25/2031 | 2.217% | 3,000,000 | 2,995,188 | |
BRAVO Residential Funding Trust(a),(e) | ||||
CMO Series 2020-NQM1 Class A1 | ||||
05/25/2060 | 1.449% | 2,624,017 | 2,632,560 | |
BVRT Financing Trust(a),(b) | ||||
CMO Series 2021-1F Class M1 | ||||
30-day Average SOFR + 1.550% Floor 1.550% 03/15/2038 | 1.610% | 3,675,000 | 3,675,185 | |
BVRT Financing Trust(a),(b),(d) | ||||
CMO Series 2021-CRT2 Class M2 | ||||
1-month USD LIBOR + 2.250% 11/10/2032 | 2.395% | 1,200,000 | 1,200,000 | |
CIM Trust(a),(b) | ||||
CMO Series 2018-R6 Class A1 | ||||
1-month USD LIBOR + 1.076% Floor 1.080% 09/25/2058 | 1.191% | 6,667,954 | 6,590,271 | |
CIM Trust(a),(e) | ||||
CMO Series 2021-NR1 Class A1 | ||||
07/25/2055 | 2.569% | 4,482,594 | 4,480,953 | |
Cityscape Home Equity Loan Trust(d),(h),(i) | ||||
CMO Series 1997-C Class A3 | ||||
07/25/2028 | 0.000% | 607,537 | 1 | |
Credit Suisse Mortgage Trust(a),(e) | ||||
CMO Series 2021-AFC1 Class A1 | ||||
03/25/2056 | 0.830% | 2,964,374 | 2,941,615 | |
CMO Series 2021-RPL1 Class A1 | ||||
09/27/2060 | 1.668% | 6,315,502 | 6,299,946 | |
CSMC Trust(a) | ||||
CMO Series 2019-AFC1 Class A1 | ||||
07/25/2049 | 2.573% | 4,416,798 | 4,478,433 | |
Subordinated CMO Series 2020-RPL4 Class A1 | ||||
01/25/2060 | 2.000% | 9,556,471 | 9,808,139 | |
CSMC Trust(a),(e) | ||||
Subordinated CMO Series 2020-RPL3 Class A1 | ||||
03/25/2060 | 2.691% | 3,520,634 | 3,574,494 | |
Deephaven Residential Mortgage Trust(a),(e) | ||||
CMO Series 2019-2A Class A3 | ||||
04/25/2059 | 3.763% | 3,254,666 | 3,248,048 |
Columbia Short Term Bond Fund | Annual Report 2021 | 19 |
March 31, 2021
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Eagle Re Ltd.(a),(b) | ||||
Subordinated CMO Series 2020-1 Class M1A | ||||
1-month USD LIBOR + 0.900% 01/25/2030 | 1.009% | 2,964,000 | 2,953,568 | |
Ellington Financial Mortgage Trust(a),(e) | ||||
CMO Series 2019-1 Class A3 | ||||
06/25/2059 | 3.241% | 4,169,625 | 4,179,859 | |
Freddie Mac STACR REMIC Trust(a),(b) | ||||
CMO Series 2020-DNA1 Class M2 | ||||
1-month USD LIBOR + 1.700% 01/25/2050 | 1.809% | 3,162,093 | 3,151,555 | |
CMO Series 2020-DNA6 Class M1 | ||||
30-day Average SOFR + 0.900% 12/25/2050 | 0.917% | 2,191,128 | 2,192,638 | |
CMO Series 2021-HQA1 Class M1 | ||||
30-day Average SOFR + 0.700% 08/25/2033 | 0.717% | 3,475,000 | 3,470,010 | |
Freddie Mac Structured Agency Credit Risk Debt Notes(a),(b) | ||||
CMO Series 2020-DNA3 Class M2 | ||||
1-month USD LIBOR + 3.000% 06/25/2050 | 3.109% | 3,604,259 | 3,616,371 | |
CMO Series 2020-HQA5 Class M1 | ||||
30-day Average SOFR + 1.100% 11/25/2050 | 1.117% | 1,522,259 | 1,523,721 | |
GCAT LLC(a),(e) | ||||
CMO Series 2020-3 Class A1 | ||||
09/25/2025 | 2.981% | 7,487,513 | 7,567,275 | |
GS Mortgage-Backed Securities Trust(a),(e) | ||||
CMO Series 2020-NQM1 Class A1 | ||||
09/27/2060 | 1.382% | 3,455,751 | 3,466,190 | |
Headlands Residential LLC(a) | ||||
CMO Series 2019-RPL1 | ||||
06/25/2024 | 3.967% | 2,000,000 | 1,983,195 | |
Home Re Ltd.(a),(b) | ||||
CMO Series 2020-1 Class M1B | ||||
1-month USD LIBOR + 3.250% Floor 3.250% 10/25/2030 | 3.394% | 6,276,000 | 6,360,425 | |
CMO Series 2021-1 Class M1B | ||||
1-month USD LIBOR + 1.550% 07/25/2033 | 1.668% | 3,900,000 | 3,893,168 | |
Homeward Opportunities Fund I Trust(a) | ||||
CMO Series 2018-2 Class A3 | ||||
11/25/2058 | 4.239% | 3,116,563 | 3,165,503 | |
Homeward Opportunities Fund I Trust(a),(e) | ||||
CMO Series 2019-1 Class A3 | ||||
01/25/2059 | 3.606% | 3,464,842 | 3,497,691 | |
CMO Series 2019-2 Class A3 | ||||
09/25/2059 | 3.007% | 2,922,775 | 2,944,469 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Homeward Opportunities Fund Trust(a),(e) | ||||
CMO Series 2020-BPL1 Class A1 | ||||
08/25/2025 | 3.228% | 1,800,000 | 1,801,359 | |
Legacy Mortgage Asset Trust(a),(e) | ||||
CMO Series 2021-GS1 Class A1 | ||||
10/25/2066 | 1.892% | 3,845,217 | 3,839,743 | |
Mello Warehouse Securitization Trust(a),(b) | ||||
CMO Series 2020-1 Class C | ||||
1-month USD LIBOR + 1.350% Floor 1.350% 10/25/2053 | 1.459% | 2,300,000 | 2,301,123 | |
MFA Trust(a),(e) | ||||
CMO Series 2020-NQM1 Class A1 | ||||
03/25/2065 | 1.479% | 3,355,371 | 3,339,305 | |
MRA Issuance Trust(a),(b) | ||||
CMO Series 2020-12 Class A1X | ||||
1-month USD LIBOR + 1.350% Floor 1.350% 07/15/2021 | 1.477% | 5,425,000 | 5,425,985 | |
New Residential Mortgage LLC(a) | ||||
Subordinated CMO Series 2018-FNT1 Class B | ||||
05/25/2023 | 3.910% | 4,441,833 | 4,444,224 | |
New Residential Mortgage Loan Trust(a),(e) | ||||
CMO Series 2019-NQM4 Class A2 | ||||
09/25/2059 | 2.644% | 2,649,811 | 2,730,629 | |
CMO Series 2020-NPL2 Class A1 | ||||
08/25/2060 | 3.228% | 1,952,104 | 1,967,754 | |
NRZ Excess Spread-Collateralized Notes(a) | ||||
Series 2020-PLS1 Class A | ||||
12/25/2025 | 3.844% | 2,182,640 | 2,204,877 | |
Oaktown Re III Ltd.(a),(b) | ||||
CMO Series 2019-1A Class M1A | ||||
1-month USD LIBOR + 1.400% Floor 1.400% 07/25/2029 | 1.509% | 100,817 | 100,808 | |
Oceanview Mortgage Loan Trust(a) | ||||
CMO Series 2020-1 Class A1A | ||||
05/28/2050 | 1.733% | 2,166,963 | 2,169,670 | |
OSAT Trust(a),(e) | ||||
CMO Series 2020-RPL1 Class A1 | ||||
12/26/2059 | 3.072% | 7,266,725 | 7,320,713 | |
Preston Ridge Partners LLC(a),(e) | ||||
CMO Series 2020-5 Class A1 | ||||
11/25/2025 | 3.104% | 5,384,783 | 5,399,475 | |
Preston Ridge Partners Mortgage(a),(e) | ||||
CMO Series 2021-2 Class A1 | ||||
01/25/2026 | 2.239% | 3,450,000 | 3,445,208 | |
Pretium Mortgage Credit Partners I LLC(a),(e) | ||||
CMO Series 2020-NPL2 Class A1 | ||||
02/27/2060 | 3.721% | 754,244 | 754,597 |
20 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2020-NPL3 Class A1 | ||||
06/27/2060 | 3.105% | 4,079,220 | 4,118,912 | |
Pretium Mortgage Credit Partners I LLC(a),(d),(e),(h) | ||||
CMO Series 2021-NPL1 Class A1 | ||||
09/27/2060 | 2.240% | 3,000,000 | 3,000,000 | |
PRPM LLC(a),(e) | ||||
CMO Series 2020-1A Class A1 | ||||
02/25/2025 | 2.981% | 3,671,140 | 3,706,600 | |
Radnor Re Ltd.(a),(b) | ||||
CMO Series 2020-1 Class M1A | ||||
1-month USD LIBOR + 0.950% Floor 0.950% 02/25/2030 | 1.059% | 2,125,000 | 2,119,998 | |
Starwood Mortgage Residential Trust(a),(e) | ||||
CMO Series 2018-IMC2 Class A1 | ||||
10/25/2048 | 4.121% | 5,074,885 | 5,184,549 | |
CMO Series 2019-1 Class A3 | ||||
06/25/2049 | 3.299% | 3,537,594 | 3,542,106 | |
CMO Series 2019-INV1 Class A1 | ||||
09/27/2049 | 2.610% | 2,368,358 | 2,392,886 | |
CMO Series 2019-INV1 Class A3 | ||||
09/27/2049 | 2.916% | 1,735,297 | 1,766,652 | |
CMO Series 2020-INV1 Class A3 | ||||
11/25/2055 | 1.593% | 1,391,324 | 1,389,018 | |
Toorak Mortgage Corp., Ltd.(a),(e) | ||||
CMO Series 2020-1 Class A1 | ||||
03/25/2023 | 2.734% | 11,600,000 | 11,626,355 | |
Towd Point HE Trust(a),(e) | ||||
CMO Series 2021-HE1 Class M2 | ||||
02/25/2063 | 2.500% | 1,150,000 | 1,158,203 | |
Triangle Re Ltd.(a),(b) | ||||
CMO Series 2020-1 Class M1A | ||||
1-month USD LIBOR + 3.000% Floor 3.000% 10/25/2030 | 3.118% | 2,700,000 | 2,719,274 | |
VCAT LLC(a),(e) | ||||
CMO Series 2021-NPL1 Class A1 | ||||
12/26/2050 | 2.289% | 969,566 | 968,933 | |
Vericrest Opportunity Loan Transferee(a),(e) | ||||
CMO Series 2021-NPL4 Class A1 | ||||
03/27/2051 | 2.240% | 8,216,188 | 8,205,169 | |
Vericrest Opportunity Loan Transferee(a),(d),(e),(h) | ||||
CMO Series 2021-NPL7 Class A1 | ||||
04/25/2051 | 2.116% | 3,700,000 | 3,700,000 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Vericrest Opportunity Loan Transferee XCVI LLC(a),(e) | ||||
CMO Series 2021-NPL5 Class A1 | ||||
03/27/2051 | 2.116% | 3,475,002 | 3,470,908 | |
Vericrest Opportunity Loan Transferee XCVII LLC(a),(e) | ||||
CMO Series 2021-NPL6 Class A1 | ||||
04/25/2051 | 2.240% | 14,200,000 | 14,193,298 | |
Vericrest Opportunity Loan Trust(a),(e) | ||||
CMO Series 2020-NPL2 Class A1A | ||||
02/25/2050 | 2.981% | 4,835,712 | 4,843,857 | |
CMO Series 2020-NPL5 Class A1A | ||||
03/25/2050 | 2.982% | 1,291,852 | 1,296,735 | |
Verus Securitization Trust(a),(e) | ||||
CMO Series 2019-4 Class A3 | ||||
11/25/2059 | 3.000% | 4,488,497 | 4,577,152 | |
CMO Series 2019-INV1 Class A3 | ||||
12/25/2059 | 3.658% | 2,449,384 | 2,509,662 | |
CMO Series 2020-2 Class A1 | ||||
05/25/2060 | 2.226% | 2,279,845 | 2,302,159 | |
CMO Series 2020-NPL1 Class A1 | ||||
08/25/2050 | 3.598% | 3,558,519 | 3,577,805 | |
Visio Trust(a),(e) | ||||
CMO Series 2019-2 Class A3 | ||||
11/25/2054 | 3.076% | 2,537,861 | 2,582,306 | |
Total Residential Mortgage-Backed Securities - Non-Agency (Cost $262,311,808) | 262,705,251 | |||
U.S. Treasury Obligations 1.0% | ||||
U.S. Treasury | ||||
03/31/2024 | 2.125% | 9,400,000 | 9,895,703 | |
Total U.S. Treasury Obligations (Cost $9,932,388) | 9,895,703 |
Money Market Funds 2.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.067%(j),(k) | 27,872,503 | 27,869,716 |
Total Money Market Funds (Cost $27,869,654) | 27,869,716 | |
Total Investments in Securities (Cost: $1,068,046,099) | 1,074,330,092 | |
Other Assets & Liabilities, Net | (59,161,433) | |
Net Assets | 1,015,168,659 |
Columbia Short Term Bond Fund | Annual Report 2021 | 21 |
March 31, 2021
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 2-Year Note | 1,150 | 06/2021 | USD | 253,835,546 | — | (208,037) |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 5-Year Note | (940) | 06/2021 | USD | (115,994,532) | 1,076,358 | — |
(a) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At March 31, 2021, the total value of these securities amounted to $727,590,169, which represents 71.67% of total net assets. |
(b) | Variable rate security. The interest rate shown was the current rate as of March 31, 2021. |
(c) | Represents a security purchased on a when-issued basis. |
(d) | Valuation based on significant unobservable inputs. |
(e) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of March 31, 2021. |
(f) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of March 31, 2021. |
(g) | Principal and interest may not be guaranteed by a governmental entity. |
(h) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At March 31, 2021, the total value of these securities amounted to $6,909,845, which represents 0.68% of total net assets. |
(i) | Represents securities that have defaulted on payment of interest. The Fund has stopped accruing interest on these securities. At March 31, 2021, the total value of these securities amounted to $1, which represents less than 0.01% of total net assets. |
(j) | The rate shown is the seven-day current annualized yield at March 31, 2021. |
(k) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the year ended March 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.067% | ||||||||
40,507,850 | 579,822,721 | (592,464,151) | 3,296 | 27,869,716 | 25,085 | 64,600 | 27,872,503 |
AID | Agency for International Development |
CMO | Collateralized Mortgage Obligation |
CMT | Constant Maturity Treasury |
LIBOR | London Interbank Offered Rate |
SOFR | Secured Overnight Financing Rate |
TBA | To Be Announced |
USD | US Dollar |
22 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 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 | ||||
Asset-Backed Securities — Non-Agency | — | 262,710,335 | 9,086,089 | 271,796,424 |
Commercial Mortgage-Backed Securities - Non-Agency | — | 117,244,810 | — | 117,244,810 |
Corporate Bonds & Notes | — | 333,240,650 | — | 333,240,650 |
Foreign Government Obligations | — | 582,464 | 209,844 | 792,308 |
Residential Mortgage-Backed Securities - Agency | — | 50,785,230 | — | 50,785,230 |
Residential Mortgage-Backed Securities - Non-Agency | — | 254,805,250 | 7,900,001 | 262,705,251 |
U.S. Treasury Obligations | 9,895,703 | — | — | 9,895,703 |
Money Market Funds | 27,869,716 | — | — | 27,869,716 |
Total Investments in Securities | 37,765,419 | 1,019,368,739 | 17,195,934 | 1,074,330,092 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 1,076,358 | — | — | 1,076,358 |
Liability | ||||
Futures Contracts | (208,037) | — | — | (208,037) |
Total | 38,633,740 | 1,019,368,739 | 17,195,934 | 1,075,198,413 |
Columbia Short Term Bond Fund | Annual Report 2021 | 23 |
March 31, 2021
The following table is a reconciliation of Level 3 assets for which significant observable and unobservable inputs were used to determine fair value:
Balance as of 03/31/2020 ($) | Increase (decrease) in accrued discounts/ premiums ($) | Realized gain (loss) ($) | Change in unrealized appreciation (depreciation)(a) ($) | Purchases ($) | Sales ($) | Transfers into Level 3 ($) | Transfers out of Level 3 ($) | Balance as of 03/31/2021 ($) | |
Asset-Backed Securities — Non-Agency | — | — | — | — | 9,700,000 | (613,911) | — | — | 9,086,089 |
Foreign Government Obligations | 292,591 | — | 1,476 | 777 | — | (85,000) | — | — | 209,844 |
Residential Mortgage-Backed Securities — Non-Agency | 1 | — | — | — | 7,900,000 | — | — | — | 7,900,001 |
Total | 292,592 | — | 1,476 | 777 | 17,600,000 | (698,911) | — | — | 17,195,934 |
24 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,040,176,445) | $1,046,460,376 |
Affiliated issuers (cost $27,869,654) | 27,869,716 |
Cash | 6,208 |
Cash collateral held at broker for: | |
TBA | 168,000 |
Margin deposits on: | |
Futures contracts | 448,975 |
Receivable for: | |
Investments sold | 885 |
Capital shares sold | 1,977,225 |
Dividends | 1,805 |
Interest | 3,678,956 |
Foreign tax reclaims | 20,035 |
Variation margin for futures contracts | 154,219 |
Expense reimbursement due from Investment Manager | 2,407 |
Prepaid expenses | 18,755 |
Total assets | 1,080,807,562 |
Liabilities | |
Payable for: | |
Investments purchased | 2,092,529 |
Investments purchased on a delayed delivery basis | 59,408,119 |
Capital shares purchased | 2,532,655 |
Distributions to shareholders | 1,157,406 |
Variation margin for futures contracts | 53,908 |
Management services fees | 11,888 |
Distribution and/or service fees | 2,035 |
Transfer agent fees | 48,092 |
Compensation of board members | 288,234 |
Other expenses | 44,037 |
Total liabilities | 65,638,903 |
Net assets applicable to outstanding capital stock | $1,015,168,659 |
Represented by | |
Paid in capital | 1,009,396,468 |
Total distributable earnings (loss) | 5,772,191 |
Total - representing net assets applicable to outstanding capital stock | $1,015,168,659 |
Columbia Short Term Bond Fund | Annual Report 2021 | 25 |
March 31, 2021
Class A | |
Net assets | $240,560,658 |
Shares outstanding | 23,798,648 |
Net asset value per share | $10.11 |
Maximum sales charge | 1.00% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $10.21 |
Advisor Class | |
Net assets | $7,409,477 |
Shares outstanding | 733,920 |
Net asset value per share | $10.10 |
Class C | |
Net assets | $16,981,001 |
Shares outstanding | 1,683,947 |
Net asset value per share | $10.08 |
Institutional Class | |
Net assets | $189,774,404 |
Shares outstanding | 18,801,572 |
Net asset value per share | $10.09 |
Institutional 2 Class | |
Net assets | $11,814,434 |
Shares outstanding | 1,171,914 |
Net asset value per share | $10.08 |
Institutional 3 Class | |
Net assets | $547,413,168 |
Shares outstanding | 54,265,408 |
Net asset value per share | $10.09 |
Class R | |
Net assets | $1,215,517 |
Shares outstanding | 120,283 |
Net asset value per share | $10.11 |
26 | Columbia Short Term Bond Fund | Annual Report 2021 |
Year Ended March 31, 2021
Net investment income | |
Income: | |
Dividends — affiliated issuers | $64,600 |
Interest | 26,393,007 |
Total income | 26,457,607 |
Expenses: | |
Management services fees | 4,430,574 |
Distribution and/or service fees | |
Class A | 577,395 |
Class C | 196,335 |
Class R | 5,839 |
Transfer agent fees | |
Class A | 312,088 |
Advisor Class | 10,228 |
Class C | 26,636 |
Institutional Class | 241,543 |
Institutional 2 Class | 14,151 |
Institutional 3 Class | 40,668 |
Class R | 1,582 |
Compensation of board members | 91,508 |
Custodian fees | 19,293 |
Printing and postage fees | 61,000 |
Registration fees | 143,876 |
Audit fees | 39,500 |
Legal fees | 16,816 |
Compensation of chief compliance officer | 203 |
Other | 45,141 |
Total expenses | 6,274,376 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (879,384) |
Fees waived by distributor | |
Class C | (34,951) |
Expense reduction | (910) |
Total net expenses | 5,359,131 |
Net investment income | 21,098,476 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 14,810,001 |
Investments — affiliated issuers | 25,085 |
Futures contracts | 1,285,820 |
Net realized gain | 16,120,906 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 60,241,358 |
Investments — affiliated issuers | 3,296 |
Futures contracts | (58,382) |
Net change in unrealized appreciation (depreciation) | 60,186,272 |
Net realized and unrealized gain | 76,307,178 |
Net increase in net assets resulting from operations | $97,405,654 |
Columbia Short Term Bond Fund | Annual Report 2021 | 27 |
Year Ended March 31, 2021 | Year Ended March 31, 2020 | |
Operations | ||
Net investment income | $21,098,476 | $32,690,692 |
Net realized gain | 16,120,906 | 4,497,994 |
Net change in unrealized appreciation (depreciation) | 60,186,272 | (59,758,102) |
Net increase (decrease) in net assets resulting from operations | 97,405,654 | (22,569,416) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (3,974,903) | (7,494,007) |
Advisor Class | (149,463) | (258,397) |
Class C | (233,592) | (624,917) |
Institutional Class | (3,531,098) | (7,994,670) |
Institutional 2 Class | (494,230) | (832,513) |
Institutional 3 Class | (12,183,013) | (23,202,902) |
Class R | (17,562) | (73,776) |
Total distributions to shareholders | (20,583,861) | (40,481,182) |
Decrease in net assets from capital stock activity | (12,110,753) | (289,905,816) |
Total increase (decrease) in net assets | 64,711,040 | (352,956,414) |
Net assets at beginning of year | 950,457,619 | 1,303,414,033 |
Net assets at end of year | $1,015,168,659 | $950,457,619 |
28 | Columbia Short Term Bond Fund | Annual Report 2021 |
Year Ended | Year Ended | |||
March 31, 2021 | March 31, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 7,169,680 | 71,775,307 | 6,401,753 | 63,915,902 |
Distributions reinvested | 361,431 | 3,600,128 | 683,379 | 6,826,996 |
Redemptions | (6,801,427) | (67,916,997) | (6,759,062) | (67,335,448) |
Net increase | 729,684 | 7,458,438 | 326,070 | 3,407,450 |
Advisor Class | ||||
Subscriptions | 212,120 | 2,100,571 | 592,990 | 5,951,398 |
Distributions reinvested | 14,422 | 143,559 | 24,781 | 247,219 |
Redemptions | (251,213) | (2,490,224) | (596,178) | (5,938,980) |
Net increase (decrease) | (24,671) | (246,094) | 21,593 | 259,637 |
Class C | ||||
Subscriptions | 659,644 | 6,556,190 | 1,083,024 | 10,764,222 |
Distributions reinvested | 21,513 | 213,336 | 48,339 | 481,967 |
Redemptions | (1,259,371) | (12,538,139) | (1,593,293) | (15,852,511) |
Net decrease | (578,214) | (5,768,613) | (461,930) | (4,606,322) |
Institutional Class | ||||
Subscriptions | 11,082,248 | 110,318,662 | 13,487,201 | 134,893,664 |
Distributions reinvested | 301,014 | 2,994,634 | 687,956 | 6,868,636 |
Redemptions | (10,467,604) | (104,181,414) | (26,744,551) | (267,363,131) |
Net increase (decrease) | 915,658 | 9,131,882 | (12,569,394) | (125,600,831) |
Institutional 2 Class | ||||
Subscriptions | 1,473,117 | 14,692,474 | 1,457,642 | 14,573,417 |
Distributions reinvested | 49,659 | 494,220 | 83,528 | 832,113 |
Redemptions | (2,748,735) | (27,428,317) | (975,336) | (9,687,688) |
Net increase (decrease) | (1,225,959) | (12,241,623) | 565,834 | 5,717,842 |
Institutional 3 Class | ||||
Subscriptions | 23,146,189 | 228,897,284 | 11,351,889 | 113,370,530 |
Distributions reinvested | 473,558 | 4,705,889 | 888,502 | 8,858,938 |
Redemptions | (24,304,365) | (243,201,968) | (29,387,467) | (290,861,867) |
Net decrease | (684,618) | (9,598,795) | (17,147,076) | (168,632,399) |
Class R | ||||
Subscriptions | 26,547 | 266,113 | 74,712 | 748,326 |
Distributions reinvested | 1,439 | 14,314 | 3,310 | 33,090 |
Redemptions | (117,404) | (1,126,375) | (123,714) | (1,232,609) |
Net decrease | (89,418) | (845,948) | (45,692) | (451,193) |
Total net decrease | (957,538) | (12,110,753) | (29,310,595) | (289,905,816) |
Columbia Short Term Bond Fund | Annual Report 2021 | 29 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Total distributions to shareholders | |
Class A | ||||||
Year Ended 3/31/2021 | $9.37 | 0.18 | 0.73 | 0.91 | (0.17) | (0.17) |
Year Ended 3/31/2020 | $9.98 | 0.26 | (0.54) | (0.28) | (0.33) | (0.33) |
Year Ended 3/31/2019 | $9.88 | 0.20 | 0.05 | 0.25 | (0.15) | (0.15) |
Year Ended 3/31/2018 | $9.98 | 0.11 | (0.09) | 0.02 | (0.12) | (0.12) |
Year Ended 3/31/2017 | $9.97 | 0.08 | 0.01 | 0.09 | (0.08) | (0.08) |
Advisor Class | ||||||
Year Ended 3/31/2021 | $9.36 | 0.20 | 0.74 | 0.94 | (0.20) | (0.20) |
Year Ended 3/31/2020 | $9.96 | 0.29 | (0.53) | (0.24) | (0.36) | (0.36) |
Year Ended 3/31/2019 | $9.87 | 0.23 | 0.03 | 0.26 | (0.17) | (0.17) |
Year Ended 3/31/2018 | $9.97 | 0.13 | (0.09) | 0.04 | (0.14) | (0.14) |
Year Ended 3/31/2017 | $9.96 | 0.11 | 0.00(d) | 0.11 | (0.10) | (0.10) |
Class C | ||||||
Year Ended 3/31/2021 | $9.35 | 0.12 | 0.72 | 0.84 | (0.11) | (0.11) |
Year Ended 3/31/2020 | $9.96 | 0.20 | (0.54) | (0.34) | (0.27) | (0.27) |
Year Ended 3/31/2019 | $9.86 | 0.14 | 0.05 | 0.19 | (0.09) | (0.09) |
Year Ended 3/31/2018 | $9.96 | 0.05 | (0.09) | (0.04) | (0.06) | (0.06) |
Year Ended 3/31/2017 | $9.95 | 0.02 | 0.01 | 0.03 | (0.02) | (0.02) |
Institutional Class | ||||||
Year Ended 3/31/2021 | $9.36 | 0.20 | 0.73 | 0.93 | (0.20) | (0.20) |
Year Ended 3/31/2020 | $9.96 | 0.29 | (0.53) | (0.24) | (0.36) | (0.36) |
Year Ended 3/31/2019 | $9.86 | 0.24 | 0.03 | 0.27 | (0.17) | (0.17) |
Year Ended 3/31/2018 | $9.97 | 0.12 | (0.09) | 0.03 | (0.14) | (0.14) |
Year Ended 3/31/2017 | $9.95 | 0.11 | 0.01 | 0.12 | (0.10) | (0.10) |
Institutional 2 Class | ||||||
Year Ended 3/31/2021 | $9.35 | 0.21 | 0.72 | 0.93 | (0.20) | (0.20) |
Year Ended 3/31/2020 | $9.95 | 0.29 | (0.52) | (0.23) | (0.37) | (0.37) |
Year Ended 3/31/2019 | $9.85 | 0.22 | 0.06 | 0.28 | (0.18) | (0.18) |
Year Ended 3/31/2018 | $9.96 | 0.14 | (0.10) | 0.04 | (0.15) | (0.15) |
Year Ended 3/31/2017 | $9.95 | 0.12 | 0.00(d) | 0.12 | (0.11) | (0.11) |
30 | Columbia Short Term Bond 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 3/31/2021 | $10.11 | 9.77% | 0.85% | 0.77%(c) | 1.77% | 173% | $240,561 |
Year Ended 3/31/2020 | $9.37 | (2.94%) | 0.85% | 0.78%(c) | 2.61% | 169% | $216,266 |
Year Ended 3/31/2019 | $9.98 | 2.55% | 0.86% | 0.80%(c) | 2.02% | 154% | $226,907 |
Year Ended 3/31/2018 | $9.88 | 0.15% | 0.86% | 0.80%(c) | 1.06% | 86% | $242,170 |
Year Ended 3/31/2017 | $9.98 | 0.90% | 0.88% | 0.80%(c) | 0.82% | 68% | $290,277 |
Advisor Class | |||||||
Year Ended 3/31/2021 | $10.10 | 10.06% | 0.60% | 0.52%(c) | 2.03% | 173% | $7,409 |
Year Ended 3/31/2020 | $9.36 | (2.60%) | 0.60% | 0.53%(c) | 2.87% | 169% | $7,103 |
Year Ended 3/31/2019 | $9.96 | 2.71% | 0.61% | 0.55%(c) | 2.30% | 154% | $7,344 |
Year Ended 3/31/2018 | $9.87 | 0.40% | 0.60% | 0.55%(c) | 1.31% | 86% | $7,420 |
Year Ended 3/31/2017 | $9.97 | 1.16% | 0.63% | 0.55%(c) | 1.07% | 68% | $9,760 |
Class C | |||||||
Year Ended 3/31/2021 | $10.08 | 9.06% | 1.60% | 1.34%(c) | 1.22% | 173% | $16,981 |
Year Ended 3/31/2020 | $9.35 | (3.53%) | 1.60% | 1.38%(c) | 2.02% | 169% | $21,157 |
Year Ended 3/31/2019 | $9.96 | 1.94% | 1.61% | 1.40%(c) | 1.38% | 154% | $27,118 |
Year Ended 3/31/2018 | $9.86 | (0.45%) | 1.61% | 1.40%(c) | 0.46% | 86% | $42,010 |
Year Ended 3/31/2017 | $9.96 | 0.33% | 1.62% | 1.40%(c) | 0.22% | 68% | $59,183 |
Institutional Class | |||||||
Year Ended 3/31/2021 | $10.09 | 9.95% | 0.60% | 0.52%(c) | 2.03% | 173% | $189,774 |
Year Ended 3/31/2020 | $9.36 | (2.60%) | 0.60% | 0.53%(c) | 2.87% | 169% | $167,429 |
Year Ended 3/31/2019 | $9.96 | 2.81% | 0.61% | 0.55%(c) | 2.40% | 154% | $303,373 |
Year Ended 3/31/2018 | $9.86 | 0.29% | 0.61% | 0.55%(c) | 1.23% | 86% | $194,236 |
Year Ended 3/31/2017 | $9.97 | 1.26% | 0.63% | 0.55%(c) | 1.07% | 68% | $985,868 |
Institutional 2 Class | |||||||
Year Ended 3/31/2021 | $10.08 | 10.04% | 0.52% | 0.44% | 2.08% | 173% | $11,814 |
Year Ended 3/31/2020 | $9.35 | (2.52%) | 0.51% | 0.44% | 2.94% | 169% | $22,420 |
Year Ended 3/31/2019 | $9.95 | 2.91% | 0.51% | 0.46% | 2.27% | 154% | $18,228 |
Year Ended 3/31/2018 | $9.85 | 0.39% | 0.51% | 0.46% | 1.44% | 86% | $30,580 |
Year Ended 3/31/2017 | $9.96 | 1.25% | 0.50% | 0.45% | 1.16% | 68% | $17,167 |
Columbia Short Term Bond Fund | Annual Report 2021 | 31 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Total distributions to shareholders | |
Institutional 3 Class | ||||||
Year Ended 3/31/2021 | $9.36 | 0.21 | 0.73 | 0.94 | (0.21) | (0.21) |
Year Ended 3/31/2020 | $9.96 | 0.30 | (0.53) | (0.23) | (0.37) | (0.37) |
Year Ended 3/31/2019 | $9.86 | 0.24 | 0.05 | 0.29 | (0.19) | (0.19) |
Year Ended 3/31/2018 | $9.96 | 0.15 | (0.10) | 0.05 | (0.15) | (0.15) |
Year Ended 3/31/2017 | $9.95 | 0.13 | 0.00(d) | 0.13 | (0.12) | (0.12) |
Class R | ||||||
Year Ended 3/31/2021 | $9.37 | 0.15 | 0.74 | 0.89 | (0.15) | (0.15) |
Year Ended 3/31/2020 | $9.98 | 0.24 | (0.54) | (0.30) | (0.31) | (0.31) |
Year Ended 3/31/2019 | $9.88 | 0.18 | 0.05 | 0.23 | (0.13) | (0.13) |
Year Ended 3/31/2018 | $9.99 | 0.08 | (0.10) | (0.02) | (0.09) | (0.09) |
Year Ended 3/31/2017 | $9.97 | 0.06 | 0.02 | 0.08 | (0.06) | (0.06) |
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. |
32 | Columbia Short Term Bond 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 3/31/2021 | $10.09 | 10.09% | 0.47% | 0.39% | 2.16% | 173% | $547,413 |
Year Ended 3/31/2020 | $9.36 | (2.47%) | 0.46% | 0.39% | 3.00% | 169% | $514,116 |
Year Ended 3/31/2019 | $9.96 | 2.96% | 0.46% | 0.41% | 2.41% | 154% | $717,896 |
Year Ended 3/31/2018 | $9.86 | 0.54% | 0.46% | 0.41% | 1.50% | 86% | $771,726 |
Year Ended 3/31/2017 | $9.96 | 1.30% | 0.45% | 0.40% | 1.28% | 68% | $394,827 |
Class R | |||||||
Year Ended 3/31/2021 | $10.11 | 9.50% | 1.10% | 1.02%(c) | 1.54% | 173% | $1,216 |
Year Ended 3/31/2020 | $9.37 | (3.18%) | 1.10% | 1.03%(c) | 2.37% | 169% | $1,966 |
Year Ended 3/31/2019 | $9.98 | 2.30% | 1.11% | 1.05%(c) | 1.78% | 154% | $2,549 |
Year Ended 3/31/2018 | $9.88 | (0.20%) | 1.10% | 1.05%(c) | 0.81% | 86% | $2,535 |
Year Ended 3/31/2017 | $9.99 | 0.75% | 1.12% | 1.05%(c) | 0.56% | 68% | $3,490 |
Columbia Short Term Bond Fund | Annual Report 2021 | 33 |
March 31, 2021
34 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Columbia Short Term Bond Fund | Annual Report 2021 | 35 |
March 31, 2021
36 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 1,076,358* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 208,037* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | 1,285,820 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | (58,382) |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 176,681,495 |
Futures contracts — short | 73,092,969 |
* | Based on the ending quarterly outstanding amounts for the year ended March 31, 2021. |
Columbia Short Term Bond Fund | Annual Report 2021 | 37 |
March 31, 2021
38 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Columbia Short Term Bond Fund | Annual Report 2021 | 39 |
March 31, 2021
Effective rate (%) | |
Class A | 0.13 |
Advisor Class | 0.14 |
Class C | 0.14 |
Institutional Class | 0.13 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Class R | 0.14 |
40 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 1.00 | 0.50 - 1.00(a) | 260,714 |
Class C | — | 1.00(b) | 2,934 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
August 1, 2020 through July 31, 2021 | Prior to August 1, 2020 | |
Class A | 0.77% | 0.79% |
Advisor Class | 0.52 | 0.54 |
Class C | 1.52* | 1.54 |
Institutional Class | 0.52 | 0.54 |
Institutional 2 Class | 0.44 | 0.44 |
Institutional 3 Class | 0.39 | 0.39 |
Class R | 1.02 | 1.04 |
Columbia Short Term Bond Fund | Annual Report 2021 | 41 |
March 31, 2021
Excess of distributions over net investment income ($) | Accumulated net realized (loss) ($) | Paid in capital ($) |
397,530 | (397,530) | — |
Year Ended March 31, 2021 | Year Ended March 31, 2020 | ||||
Ordinary income ($) | Long-term capital gains ($) | Total ($) | Ordinary income ($) | Long-term capital gains ($) | Total ($) |
20,583,861 | — | 20,583,861 | 40,481,182 | — | 40,481,182 |
Undistributed ordinary income ($) | Undistributed long-term capital gains ($) | Capital loss carryforwards ($) | Net unrealized appreciation ($) |
1,463,270 | — | — | 5,752,887 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,069,445,526 | 9,819,290 | (4,066,403) | 5,752,887 |
42 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
No expiration short-term ($) | No expiration long-term ($) | Total ($) | Utilized ($) |
— | — | — | 13,367,776 |
Columbia Short Term Bond Fund | Annual Report 2021 | 43 |
March 31, 2021
44 | Columbia Short Term Bond Fund | Annual Report 2021 |
March 31, 2021
Columbia Short Term Bond Fund | Annual Report 2021 | 45 |
March 31, 2021
46 | Columbia Short Term Bond Fund | Annual Report 2021 |
Columbia Short Term Bond Fund | Annual Report 2021 | 47 |
Section 163(j) Interest Dividends | |
97.49% |
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 | 170 | 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 |
48 | Columbia Short Term Bond 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 | 170 | 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 | 170 | 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 | 168 | 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 | 168 | 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 | 168 | Former Director, University of Edinburgh Business School (Member of US Board); former Director, Boston Public Library Foundation |
Columbia Short Term Bond Fund | Annual Report 2021 | 49 |
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 | 170 | 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 | 170 | 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 | 168 | 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 | 168 | |
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 | 168 | 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 |
50 | Columbia Short Term Bond 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. | 170 | 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 | 170 | 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 | 170 | 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 Short Term Bond Fund | Annual Report 2021 | 51 |
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 | 168 | 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 | 170 | 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, CFST I, CFST II, Columbia ETF Trust I, Columbia ETF Trust II, and CFVST II, 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 | 170 | 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). |
52 | Columbia Short Term Bond 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 Short Term Bond Fund | Annual Report 2021 | 53 |
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. |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
54 | Columbia Short Term Bond Fund | Annual Report 2021 |
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 Short Term Bond Fund | Annual Report 2021 | 55 |
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 one series of the registrant whose reports to stockholders are included in this annual filing.
(a)Audit Fees. Aggregate Audit Fees billed by the principal accountant for professional services rendered during the fiscal years ended March 31, 2021 and March 31, 2020 are approximately as follows:
20212020
$39,500 $35,000
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 March 31, 2021 and March 31, 2020 are approximately as follows:
2021 | 2020 |
$0 | $0 |
Audit-Related Fees, if any, 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 March 31, 2021 and March 31, 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 op erations 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 March 31, 2021 and March 31, 2020 are approximately as follows:
2021 | 2020 |
$0 | $0 |
Tax Fees, if any, 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 March 31, 2021 and March 31, 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 March 31, 2021 and March 31, 2020 are approximately as follows:
2021 | 2020 |
$0 | $0 |
All Other Fees, if any, 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 March 31, 2021 and March 31, 2020 are approximately as follows:
20212020
$520,000 $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.
*****
(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 March 31, 2021 and March 31, 2020 are approximately as follows:
20212020
$520,000 $520,000
(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.
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 |
| May 20, 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 |
| May 20, 2021 |
|
By (Signature and Title) | /s/ Michael G. Clarke | ||
|
| Michael G. Clarke, Chief Financial Officer, Principal Financial Officer | |
|
| and Senior Vice President | |
Date |
| May 20, 2021 |
|
By (Signature and Title) | /s/ Joseph Beranek | ||
|
| Joseph Beranek, Treasurer, Chief Accounting Officer and Principal | |
|
| Financial Officer | |
Date |
| May 20, 2021 |
|