UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-09645
Columbia Funds Series Trust
(Exact name of registrant as specified in charter)
290 Congress Street
Boston, MA 02210
(Address of principal executive offices) (Zip code)
Daniel J. Beckman
c/o Columbia Management Investment Advisers, LLC
290 Congress Street
Boston, MA 02210
Ryan C. Larrenaga, Esq.
c/o Columbia Management Investment Advisers, LLC
Boston, MA 02210
(Name and address of agent for service)
Registrant's telephone number, including area code: (800) 345-6611
Date of fiscal year end: March 31
Date of reporting period: September 30, 2023
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
September 30, 2023 (Unaudited)
(Unaudited)
Average annual total returns (%) (for the period ended September 30, 2023) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 10/02/92 | 1.24 | 4.21 | 1.41 | 1.02 |
Including sales charges | 0.18 | 3.22 | 1.21 | 0.92 | ||
Advisor Class | 11/08/12 | 1.37 | 4.59 | 1.66 | 1.27 | |
Class C | Excluding sales charges | 10/02/92 | 0.96 | 3.75 | 0.83 | 0.46 |
Including sales charges | -0.03 | 2.75 | 0.83 | 0.46 | ||
Institutional Class | 09/30/92 | 1.37 | 4.59 | 1.66 | 1.28 | |
Institutional 2 Class | 11/08/12 | 1.41 | 4.68 | 1.75 | 1.36 | |
Institutional 3 Class | 07/15/09 | 1.54 | 4.73 | 1.80 | 1.42 | |
Class R | 09/27/10 | 1.11 | 4.07 | 1.14 | 0.77 | |
Bloomberg 1-3 Year Government/Credit Index | 0.35 | 2.77 | 1.21 | 1.02 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 3 |
(Unaudited)
Portfolio breakdown (%) (at September 30, 2023) | |
Asset-Backed Securities — Non-Agency | 21.7 |
Commercial Mortgage-Backed Securities - Non-Agency | 13.8 |
Corporate Bonds & Notes | 32.3 |
Foreign Government Obligations | 0.1 |
Money Market Funds | 2.7 |
Residential Mortgage-Backed Securities - Agency | 0.7 |
Residential Mortgage-Backed Securities - Non-Agency | 27.7 |
U.S. Treasury Obligations | 1.0 |
Total | 100.0 |
Quality breakdown (%) (at September 30, 2023) | |
AA rating | 41.3 |
A rating | 17.5 |
BBB rating | 20.6 |
BB rating | 3.8 |
B rating | 3.3 |
CCC rating | 0.1 |
CC rating | 0.0(a) |
Not rated | 13.4 |
Total | 100.0 |
(a) | Rounds to zero. |
4 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
(Unaudited)
April 1, 2023 — September 30, 2023 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,012.40 | 1,021.33 | 3.55 | 3.57 | 0.71 |
Advisor Class | 1,000.00 | 1,000.00 | 1,013.70 | 1,022.58 | 2.30 | 2.31 | 0.46 |
Class C | 1,000.00 | 1,000.00 | 1,009.60 | 1,018.60 | 6.30 | 6.32 | 1.26 |
Institutional Class | 1,000.00 | 1,000.00 | 1,013.70 | 1,022.58 | 2.30 | 2.31 | 0.46 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,014.10 | 1,023.02 | 1.85 | 1.86 | 0.37 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,015.40 | 1,023.27 | 1.60 | 1.61 | 0.32 |
Class R | 1,000.00 | 1,000.00 | 1,011.10 | 1,020.09 | 4.80 | 4.82 | 0.96 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 5 |
September 30, 2023 (Unaudited)
Asset-Backed Securities — Non-Agency 21.7% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Affirm Asset Securitization Trust(a) | ||||
Series 2023-B Class A | ||||
09/15/2028 | 6.820% | 1,525,000 | 1,527,305 | |
Subordinated Series 2022-A Class C | ||||
05/17/2027 | 4.890% | 7,780,000 | 7,400,893 | |
American Credit Acceptance Receivables Trust(a) | ||||
Series 2020-2 Class D | ||||
05/13/2026 | 5.650% | 2,800,000 | 2,795,655 | |
Subordinated Series 2021-2 Class E | ||||
07/13/2027 | 2.540% | 1,550,000 | 1,478,122 | |
Subordinated Series 2023-3 Class C | ||||
10/12/2029 | 6.440% | 2,725,000 | 2,715,840 | |
ARES XLVII CLO Ltd.(a),(b) | ||||
Series 2018-47A Class B | ||||
3-month Term SOFR + 1.712% Floor 1.450% 04/15/2030 | 7.020% | 4,000,000 | 3,943,584 | |
Avant Loans Funding Trust(a) | ||||
Subordinated Series 2021-REV1 Class C | ||||
07/15/2030 | 2.300% | 950,000 | 894,473 | |
Barings CLO Ltd.(a),(b) | ||||
Series 2018-4A Class B | ||||
3-month Term SOFR + 1.962% Floor 1.700% 10/15/2030 | 7.270% | 10,800,000 | 10,695,316 | |
Carlyle Global Market Strategies CLO Ltd.(a),(b) | ||||
Series 2013-4A Class BRR | ||||
3-month Term SOFR + 1.682% Floor 1.420% 01/15/2031 | 6.990% | 5,000,000 | 4,930,100 | |
Carlyle US CLO Ltd.(a),(b) | ||||
Series 2016-4A Class A2R | ||||
3-month Term SOFR + 1.712% Floor 1.450% 10/20/2027 | 7.038% | 3,000,000 | 2,988,093 | |
Cascade Funding Mortgage Trust(a) | ||||
CMO Series 2021-GRN1 Class A | ||||
03/20/2041 | 1.100% | 968,744 | 909,814 | |
CNH Equipment Trust | ||||
Series 2023-A Class A3 | ||||
08/15/2028 | 4.810% | 4,475,000 | 4,407,825 | |
Credito Real USA Auto Receivables Trust(a) | ||||
Series 2021-1A Class A | ||||
02/16/2027 | 1.350% | 183,315 | 181,420 | |
Dext ABS LLC(a) | ||||
Subordinated Series 2020-1 Class B | ||||
11/15/2027 | 1.920% | 2,318,483 | 2,299,170 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Drive Auto Receivables Trust | ||||
Subordinated Series 2021-2 Class D | ||||
03/15/2029 | 1.390% | 2,000,000 | 1,877,692 | |
Dryden Senior Loan Fund(a),(b) | ||||
Series 2016-42A Class BR | ||||
3-month Term SOFR + 1.812% 07/15/2030 | 7.120% | 3,025,000 | 2,975,653 | |
DT Auto Owner Trust(a) | ||||
Subordinated Series 2020-3A Class D | ||||
06/15/2026 | 1.840% | 4,015,000 | 3,832,242 | |
Foundation Finance Trust(a) | ||||
Series 2019-1A Class A | ||||
11/15/2034 | 3.860% | 303,853 | 300,223 | |
FREED ABS Trust(a) | ||||
Subordinated Series 2021-2 Class C | ||||
06/19/2028 | 1.940% | 5,843,794 | 5,819,368 | |
GLS Auto Receivables Issuer Trust(a) | ||||
Subordinated Series 2020-4A Class D | ||||
10/15/2026 | 1.640% | 1,600,000 | 1,542,572 | |
GoldentTree Loan Management US CLO 1 Ltd.(a),(b) | ||||
Series 2021-10A Class A | ||||
3-month Term SOFR + 1.362% Floor 1.100% 07/20/2034 | 6.688% | 4,150,000 | 4,119,705 | |
Hertz Vehicle Financing LLC(a) | ||||
Series 2021-1A Class C | ||||
12/26/2025 | 2.050% | 3,000,000 | 2,849,548 | |
Lendbuzz Securitization Trust(a) | ||||
Series 2022-1A Class A | ||||
05/17/2027 | 4.220% | 2,982,774 | 2,899,414 | |
LL ABS Trust(a) | ||||
Series 2021-1A Class A | ||||
05/15/2029 | 1.070% | 337,432 | 330,747 | |
Madison Park Funding XLVIII Ltd.(a),(b) | ||||
Series 2021-48A Class A | ||||
3-month Term SOFR + 1.412% Floor 1.150% 04/19/2033 | 6.732% | 1,250,000 | 1,246,736 | |
MMAF Equipment Finance LLC(a) | ||||
Series 2020-A Class A3 | ||||
04/09/2027 | 0.970% | 1,881,730 | 1,772,691 | |
MVW LLC(a) | ||||
Series 2019-2A Class A | ||||
10/20/2038 | 2.220% | 1,247,119 | 1,168,975 | |
MVW Owner Trust(a) | ||||
Series 2017-1A Class A | ||||
12/20/2034 | 2.420% | 787,532 | 768,813 |
6 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
OHA Credit Partners VII Ltd.(a),(b) | ||||
Series 2012-7A Class AR3 | ||||
3-month Term SOFR + 1.332% Floor 1.070% 02/20/2034 | 6.711% | 5,000,000 | 4,958,040 | |
OneMain Financial Issuance Trust(a) | ||||
Series 2022-2A Class A | ||||
10/14/2034 | 4.890% | 11,000,000 | 10,783,381 | |
Oportun Issuance Trust(a) | ||||
Series 2022-3 Class A | ||||
01/08/2030 | 7.451% | 2,023,434 | 2,024,568 | |
Pagaya AI Debt Selection Trust(a) | ||||
Series 2021-2 Class NOTE | ||||
01/25/2029 | 3.000% | 2,044,707 | 1,946,132 | |
Series 2021-3 Class A | ||||
05/15/2029 | 1.150% | 449,197 | 447,638 | |
Series 2021-5 Class A | ||||
08/15/2029 | 1.530% | 747,748 | 737,784 | |
Series 2021-HG1 Class A | ||||
01/16/2029 | 1.220% | 3,022,520 | 2,915,661 | |
Subordinated Series 2021-HG1 Class B | ||||
01/16/2029 | 1.820% | 478,121 | 455,045 | |
Pagaya AI Debt Trust(a) | ||||
Series 2022-1 Class A | ||||
10/15/2029 | 2.030% | 1,653,691 | 1,621,363 | |
Series 2022-5 Class A | ||||
06/17/2030 | 8.096% | 7,023,865 | 7,106,414 | |
Race Point CLO Ltd.(a),(b) | ||||
Series 2013-8A Class AR2 | ||||
3-month Term SOFR + 1.302% Floor 1.040% 02/20/2030 | 6.681% | 2,327,991 | 2,319,869 | |
Race Point IX CLO Ltd.(a),(b) | ||||
Series 2015-9A Class A2R | ||||
3-month Term SOFR + 0.712% Floor 1.450% 10/15/2030 | 6.020% | 4,975,000 | 4,891,927 | |
Research-Driven Pagaya Motor Asset Trust IV(a) | ||||
Series 2021-2A Class A | ||||
03/25/2030 | 2.650% | 1,725,181 | 1,538,922 | |
RR 3 Ltd.(a),(b) | ||||
Series 2014-14A Class A2R2 | ||||
3-month Term SOFR + 1.662% Floor 1.400% 01/15/2030 | 6.970% | 10,000,000 | 9,901,890 | |
SCF Equipment Leasing LLC(a) | ||||
Series 2019-2A Class B | ||||
08/20/2026 | 2.760% | 4,000,000 | 3,926,698 | |
Subordinated Series 2020-1A Class B | ||||
03/20/2028 | 2.020% | 4,900,000 | 4,766,108 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Sierra Timeshare Receivables Funding LLC(a) | ||||
Series 2018-3A Class A | ||||
09/20/2035 | 3.690% | 181,854 | 180,251 | |
Series 2021-1A Class A | ||||
11/20/2037 | 0.990% | 661,467 | 617,566 | |
Upstart Pass-Through Trust(a) | ||||
Series 2020-ST4 Class A | ||||
11/20/2026 | 3.250% | 1,015,414 | 995,643 | |
Series 2020-ST6 Class A | ||||
01/20/2027 | 3.000% | 935,360 | 916,677 | |
Series 2021-ST10 Class A | ||||
01/20/2030 | 2.250% | 3,063,303 | 2,984,925 | |
Series 2021-ST3 Class A | ||||
05/20/2027 | 2.000% | 881,493 | 851,735 | |
Upstart Securitization Trust(a) | ||||
Series 2020-2 Class A | ||||
11/20/2030 | 2.309% | 407,548 | 405,551 | |
Subordinated Series 2021-2 Class B | ||||
06/20/2031 | 1.750% | 761,681 | 749,611 | |
Subordinated Series 2021-3 Class B | ||||
07/20/2031 | 1.660% | 1,250,000 | 1,223,272 | |
Westlake Automobile Receivables Trust(a) | ||||
Subordinated Series 2021-2A Class D | ||||
12/15/2026 | 1.230% | 11,005,000 | 10,302,685 | |
Total Asset-Backed Securities — Non-Agency (Cost $161,355,172) | 158,241,345 | |||
Commercial Mortgage-Backed Securities - Non-Agency 13.8% | ||||
Ashford Hospitality Trust(a),(b) | ||||
Series 2018-KEYS Class B | ||||
1-month Term SOFR + 1.497% Floor 1.450% 05/15/2035 | 6.829% | 9,100,000 | 8,898,532 | |
BAMLL Commercial Mortgage Securities Trust(a),(b) | ||||
Series 2018-DSNY Class C | ||||
1-month Term SOFR + 1.397% Floor 1.350% 09/15/2034 | 6.730% | 6,500,000 | 6,455,312 | |
BBCMS Trust(a),(b) | ||||
Subordinated Series 2018-BXH Class B | ||||
1-month Term SOFR + 1.364% Floor 1.250% 10/15/2037 | 6.697% | 3,650,000 | 3,535,837 | |
Subordinated Series 2018-BXH Class C | ||||
1-month Term SOFR + 1.614% Floor 1.500% 10/15/2037 | 6.947% | 1,975,000 | 1,928,950 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 7 |
September 30, 2023 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
BHMS Mortgage Trust(a),(b) | ||||
Series 2018-ATLS Class A | ||||
1-month Term SOFR + 1.364% Floor 1.250% 07/15/2035 | 6.697% | 8,500,000 | 8,446,871 | |
BX Commercial Mortgage Trust(a),(b) | ||||
Series 2019-XL Class C | ||||
1-month Term SOFR + 1.364% Floor 1.250% 10/15/2036 | 6.697% | 6,188,000 | 6,141,589 | |
BX Mortgage Trust(a),(b) | ||||
Series 2021-PAC Class D | ||||
1-month Term SOFR + 1.412% Floor 1.298% 10/15/2036 | 6.745% | 6,350,000 | 6,093,979 | |
BX Trust(a),(b) | ||||
Subordinated Series 2019-ATL Class C | ||||
1-month Term SOFR + 1.587% Floor 1.587% 10/15/2036 | 7.034% | 2,180,000 | 2,087,350 | |
Subordinated Series 2019-ATL Class D | ||||
1-month Term SOFR + 1.887% Floor 1.887% 10/15/2036 | 7.334% | 1,931,000 | 1,815,140 | |
Extended Stay America Trust(a),(b) | ||||
Series 2021-ESH Class E | ||||
1-month Term SOFR + 2.964% Floor 2.850% 07/15/2038 | 8.297% | 831,677 | 815,040 | |
GS Mortgage Securities Corp. II(a),(c) | ||||
Series 2023-SHIP Class A | ||||
09/10/2038 | 4.466% | 1,850,000 | 1,761,981 | |
Morgan Stanley Capital I Trust(a),(c) | ||||
Series 2019-MEAD Class D | ||||
11/10/2036 | 3.283% | 3,675,000 | 3,075,548 | |
One New York Plaza Trust(a),(b) | ||||
Subordinated Series 2020-1NYP Class C | ||||
1-month Term SOFR + 2.314% Floor 2.200% 01/15/2036 | 7.647% | 3,000,000 | 2,627,678 | |
Subordinated Series 2020-1NYP Class D | ||||
1-month Term SOFR + 2.864% Floor 2.750% 01/15/2036 | 8.197% | 1,125,000 | 873,202 | |
Progress Residential Trust(a) | ||||
Series 2020-SFR1 Class C | ||||
04/17/2037 | 2.183% | 1,000,000 | 936,441 | |
Series 2020-SFR1 Class D | ||||
04/17/2037 | 2.383% | 2,025,000 | 1,899,227 | |
Series 2020-SFR2 Class A | ||||
06/17/2037 | 2.078% | 1,198,519 | 1,122,245 |
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Subordinated Series 2020-SFR2 Class C | ||||
06/17/2037 | 3.077% | 300,000 | 284,233 | |
Subordinated Series 2020-SFR2 Class D | ||||
06/17/2037 | 3.874% | 350,000 | 335,171 | |
RBS Commercial Funding, Inc., Trust(a),(c) | ||||
Series 2013-GSP Class A | ||||
01/15/2032 | 3.961% | 8,200,000 | 8,065,709 | |
SPGN TFLM Mortgage Trust(a),(b) | ||||
Series 2022 Class A | ||||
1-month Term SOFR + 1.550% Floor 1.550% 02/15/2039 | 6.882% | 14,125,000 | 13,415,309 | |
Wells Fargo Commercial Mortgage Trust(a),(b) | ||||
Series 2017-SMP Class A | ||||
1-month Term SOFR + 1.047% Floor 0.875% 12/15/2034 | 6.379% | 16,055,000 | 15,204,430 | |
Series 2020-SDAL Class D | ||||
1-month Term SOFR + 2.204% Floor 2.090%, Cap 4.500% 02/15/2037 | 7.537% | 1,600,000 | 1,547,066 | |
Series 2021-FCMT Class A | ||||
1-month Term SOFR + 1.314% Floor 1.200% 05/15/2031 | 6.647% | 1,900,000 | 1,815,515 | |
Series 2021-FCMT Class D | ||||
1-month Term SOFR + 3.614% Floor 3.500% 05/15/2031 | 8.947% | 1,575,000 | 1,425,359 | |
Total Commercial Mortgage-Backed Securities - Non-Agency (Cost $105,290,309) | 100,607,714 | |||
Corporate Bonds & Notes 32.4% | ||||
Aerospace & Defense 1.5% | ||||
BAE Systems Holdings, Inc.(a) | ||||
12/15/2025 | 3.850% | 2,850,000 | 2,737,627 | |
Boeing Co. (The) | ||||
02/01/2027 | 2.700% | 3,250,000 | 2,939,460 | |
L3Harris Technologies, Inc. | ||||
12/15/2026 | 3.850% | 2,145,000 | 2,031,069 | |
TransDigm, Inc.(a) | ||||
03/15/2026 | 6.250% | 716,000 | 706,200 | |
08/15/2028 | 6.750% | 112,000 | 110,383 | |
United Technologies Corp. | ||||
11/16/2028 | 4.125% | 2,775,000 | 2,583,406 | |
Total | 11,108,145 |
8 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Agencies 0.0% | ||||
Bausch & Lomb Escrow Corp.(a) | ||||
10/01/2028 | 8.375% | 73,000 | 73,166 | |
Airlines 0.2% | ||||
Air Canada(a) | ||||
08/15/2026 | 3.875% | 313,000 | 284,173 | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(a) | ||||
04/20/2026 | 5.500% | 511,500 | 500,183 | |
Hawaiian Brand Intellectual Property Ltd./Miles Loyalty Ltd.(a) | ||||
01/20/2026 | 5.750% | 444,673 | 400,210 | |
United Airlines, Inc.(a) | ||||
04/15/2026 | 4.375% | 618,000 | 571,868 | |
Total | 1,756,434 | |||
Automotive 0.5% | ||||
American Axle & Manufacturing, Inc. | ||||
03/15/2026 | 6.250% | 95,000 | 92,085 | |
Clarios Global LP(a) | ||||
05/15/2025 | 6.750% | 741,000 | 735,342 | |
Ford Motor Credit Co. LLC | ||||
11/17/2023 | 3.370% | 200,000 | 199,154 | |
03/18/2024 | 5.584% | 978,000 | 971,605 | |
11/13/2025 | 3.375% | 309,000 | 286,619 | |
05/28/2027 | 4.950% | 140,000 | 131,416 | |
IHO Verwaltungs GmbH(a),(d) | ||||
09/15/2026 | 4.750% | 522,603 | 482,542 | |
KAR Auction Services, Inc.(a) | ||||
06/01/2025 | 5.125% | 581,000 | 562,854 | |
ZF North America Capital, Inc.(a) | ||||
04/29/2025 | 4.750% | 191,000 | 183,799 | |
04/14/2028 | 6.875% | 80,000 | 78,324 | |
Total | 3,723,740 | |||
Banking 8.4% | ||||
Bank of America Corp.(e) | ||||
03/11/2027 | 1.658% | 9,300,000 | 8,342,394 | |
Bank of Montreal | ||||
06/05/2026 | 5.300% | 2,065,000 | 2,037,900 | |
Bank of New York Mellon Corp. (The)(e) | ||||
06/13/2028 | 3.992% | 2,050,000 | 1,929,867 | |
Bank of Nova Scotia (The) | ||||
06/12/2028 | 5.250% | 2,000,000 | 1,946,859 | |
Citigroup, Inc. | ||||
Subordinated | ||||
03/09/2026 | 4.600% | 5,800,000 | 5,599,068 | |
Goldman Sachs Group, Inc. (The)(e) | ||||
04/23/2029 | 3.814% | 5,100,000 | 4,631,325 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
HSBC Holdings PLC(e) | ||||
03/09/2029 | 6.161% | 5,000,000 | 4,950,485 | |
JPMorgan Chase & Co.(e) | ||||
04/23/2029 | 4.005% | 7,750,000 | 7,140,580 | |
Morgan Stanley(e) | ||||
10/18/2028 | 6.296% | 5,500,000 | 5,536,399 | |
PNC Financial Services Group, Inc. (The)(e) | ||||
12/02/2028 | 5.354% | 2,600,000 | 2,517,075 | |
Royal Bank of Canada | ||||
08/01/2028 | 5.200% | 2,250,000 | 2,189,028 | |
Toronto-Dominion Bank (The) | ||||
07/17/2028 | 5.523% | 1,900,000 | 1,874,331 | |
Truist Financial Corp.(e) | ||||
06/06/2028 | 4.123% | 2,400,000 | 2,223,027 | |
US Bancorp(e) | ||||
06/12/2029 | 5.775% | 2,500,000 | 2,434,778 | |
Wells Fargo & Co. | ||||
Subordinated | ||||
06/03/2026 | 4.100% | 6,000,000 | 5,700,271 | |
Westpac Banking Corp. | ||||
11/18/2027 | 5.457% | 2,075,000 | 2,073,170 | |
Total | 61,126,557 | |||
Brokerage/Asset Managers/Exchanges 0.0% | ||||
AG TTMT Escrow Issuer LLC(a) | ||||
09/30/2027 | 8.625% | 190,000 | 191,372 | |
NFP Corp.(a) | ||||
08/15/2028 | 4.875% | 85,000 | 74,847 | |
Total | 266,219 | |||
Building Materials 0.1% | ||||
Beacon Roofing Supply, Inc.(a) | ||||
11/15/2026 | 4.500% | 564,000 | 528,265 | |
James Hardie International Finance DAC(a) | ||||
01/15/2028 | 5.000% | 120,000 | 111,871 | |
Standard Industries, Inc.(a) | ||||
02/15/2027 | 5.000% | 341,000 | 316,691 | |
Total | 956,827 | |||
Cable and Satellite 0.9% | ||||
CCO Holdings LLC/Capital Corp.(a) | ||||
05/01/2026 | 5.500% | 77,000 | 74,350 | |
05/01/2027 | 5.125% | 794,000 | 739,515 | |
Charter Communications Operating LLC/Capital | ||||
01/15/2029 | 2.250% | 2,900,000 | 2,364,349 | |
CSC Holdings LLC | ||||
06/01/2024 | 5.250% | 164,000 | 155,969 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 9 |
September 30, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CSC Holdings LLC(a) | ||||
04/15/2027 | 5.500% | 653,000 | 559,651 | |
DISH DBS Corp.(a) | ||||
12/01/2026 | 5.250% | 383,000 | 325,478 | |
DISH Network Corp.(a) | ||||
11/15/2027 | 11.750% | 346,000 | 347,191 | |
Radiate Holdco LLC/Finance, Inc.(a) | ||||
09/15/2026 | 4.500% | 406,000 | 307,689 | |
Sirius XM Radio, Inc.(a) | ||||
09/01/2026 | 3.125% | 548,000 | 489,553 | |
Videotron Ltd.(a) | ||||
04/15/2027 | 5.125% | 374,000 | 353,446 | |
Ziggo Bond Finance BV(a) | ||||
01/15/2027 | 6.000% | 655,000 | 599,205 | |
Total | 6,316,396 | |||
Chemicals 0.4% | ||||
Axalta Coating Systems LLC/Dutch Holding B BV(a) | ||||
06/15/2027 | 4.750% | 140,000 | 130,101 | |
INEOS Quattro Finance 2 Plc(a) | ||||
01/15/2026 | 3.375% | 633,000 | 579,905 | |
LYB International Finance III LLC | ||||
10/01/2025 | 1.250% | 2,000,000 | 1,822,146 | |
WR Grace Holdings LLC(a) | ||||
06/15/2027 | 4.875% | 195,000 | 178,642 | |
Total | 2,710,794 | |||
Construction Machinery 0.1% | ||||
Herc Holdings, Inc.(a) | ||||
07/15/2027 | 5.500% | 640,000 | 605,039 | |
Ritchie Bros Holdings, Inc.(a) | ||||
03/15/2028 | 6.750% | 88,000 | 87,783 | |
Total | 692,822 | |||
Consumer Cyclical Services 0.2% | ||||
Arches Buyer, Inc.(a) | ||||
06/01/2028 | 4.250% | 225,000 | 192,050 | |
ASGN, Inc.(a) | ||||
05/15/2028 | 4.625% | 120,000 | 107,253 | |
Match Group, Inc.(a) | ||||
12/15/2027 | 5.000% | 104,000 | 95,841 | |
Prime Security Services Borrower LLC/Finance, Inc.(a) | ||||
04/15/2024 | 5.250% | 196,000 | 194,891 | |
Uber Technologies, Inc.(a) | ||||
05/15/2025 | 7.500% | 648,000 | 651,987 | |
Total | 1,242,022 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Consumer Products 0.2% | ||||
Acushnet Co.(a),(f) | ||||
10/15/2028 | 7.375% | 24,000 | 24,192 | |
CD&R Smokey Buyer, Inc.(a) | ||||
07/15/2025 | 6.750% | 859,000 | 827,241 | |
Newell Brands, Inc. | ||||
06/01/2025 | 4.875% | 145,000 | 139,087 | |
Newell, Inc. | ||||
04/01/2026 | 4.700% | 330,000 | 310,961 | |
Total | 1,301,481 | |||
Diversified Manufacturing 0.5% | ||||
Carrier Global Corp. | ||||
02/15/2027 | 2.493% | 1,000,000 | 900,450 | |
Gates Global LLC/Co.(a) | ||||
01/15/2026 | 6.250% | 814,000 | 794,265 | |
Siemens Financieringsmaatschappij NV(a) | ||||
03/11/2026 | 1.200% | 1,000,000 | 902,749 | |
Vertical US Newco, Inc.(a) | ||||
07/15/2027 | 5.250% | 250,000 | 229,857 | |
WESCO Distribution, Inc.(a) | ||||
06/15/2025 | 7.125% | 521,000 | 522,488 | |
06/15/2028 | 7.250% | 270,000 | 271,855 | |
Total | 3,621,664 | |||
Electric 3.2% | ||||
American Electric Power Co., Inc. | ||||
11/01/2027 | 5.750% | 1,600,000 | 1,609,808 | |
CenterPoint Energy, Inc. | ||||
06/01/2026 | 1.450% | 1,800,000 | 1,611,216 | |
Clearway Energy Operating LLC(a) | ||||
03/15/2028 | 4.750% | 80,000 | 71,664 | |
Dominion Energy, Inc. | ||||
10/01/2025 | 3.900% | 1,600,000 | 1,540,403 | |
DTE Energy Co. | ||||
06/01/2028 | 4.875% | 1,200,000 | 1,158,651 | |
Duke Energy Corp. | ||||
03/15/2028 | 4.300% | 1,500,000 | 1,420,654 | |
Emera US Finance LP | ||||
06/15/2026 | 3.550% | 1,600,000 | 1,500,369 | |
Eversource Energy | ||||
03/01/2028 | 5.450% | 2,100,000 | 2,078,062 | |
FirstEnergy Corp. | ||||
01/15/2026 | 1.600% | 2,500,000 | 2,249,704 | |
NextEra Energy Capital Holdings, Inc. | ||||
07/15/2027 | 4.625% | 2,000,000 | 1,926,941 |
10 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
NextEra Energy Operating Partners LP(a) | ||||
07/15/2024 | 4.250% | 618,000 | 604,854 | |
10/15/2026 | 3.875% | 166,000 | 150,409 | |
NRG Energy, Inc. | ||||
01/15/2027 | 6.625% | 130,000 | 127,355 | |
01/15/2028 | 5.750% | 290,000 | 271,847 | |
PPL Capital Funding, Inc. | ||||
05/15/2026 | 3.100% | 2,000,000 | 1,874,981 | |
Southern Co. (The) | ||||
03/15/2028 | 1.750% | 3,000,000 | 2,540,831 | |
Vistra Operations Co. LLC(a) | ||||
09/01/2026 | 5.500% | 274,000 | 260,974 | |
02/15/2027 | 5.625% | 423,000 | 400,739 | |
WEC Energy Group, Inc. | ||||
01/15/2028 | 4.750% | 1,600,000 | 1,545,643 | |
Total | 22,945,105 | |||
Environmental 0.1% | ||||
GFL Environmental, Inc.(a) | ||||
06/01/2025 | 4.250% | 280,000 | 268,559 | |
Waste Pro USA, Inc.(a) | ||||
02/15/2026 | 5.500% | 298,000 | 278,650 | |
Total | 547,209 | |||
Finance Companies 0.3% | ||||
Navient Corp. | ||||
10/25/2024 | 5.875% | 149,000 | 146,564 | |
06/25/2025 | 6.750% | 159,000 | 156,596 | |
Provident Funding Associates LP/Finance Corp.(a) | ||||
06/15/2025 | 6.375% | 215,000 | 192,095 | |
Rocket Mortgage LLC/Co-Issuer, Inc.(a) | ||||
10/15/2026 | 2.875% | 861,000 | 757,832 | |
Springleaf Finance Corp. | ||||
03/15/2024 | 6.125% | 262,000 | 260,972 | |
03/15/2026 | 7.125% | 280,000 | 273,795 | |
Total | 1,787,854 | |||
Food and Beverage 1.2% | ||||
Bacardi Ltd./Bacardi-Martini BV(a) | ||||
01/15/2029 | 5.250% | 3,000,000 | 2,903,347 | |
Diageo Capital PLC | ||||
10/24/2027 | 5.300% | 2,000,000 | 1,995,002 | |
FAGE International SA/USA Dairy Industry, Inc.(a) | ||||
08/15/2026 | 5.625% | 264,000 | 255,561 | |
Kraft Heinz Foods Co. | ||||
05/15/2027 | 3.875% | 1,550,000 | 1,460,278 | |
Mondelez International, Inc. | ||||
03/17/2027 | 2.625% | 1,000,000 | 910,067 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Pilgrim’s Pride Corp.(a) | ||||
09/30/2027 | 5.875% | 80,000 | 81,222 | |
Post Holdings, Inc.(a) | ||||
03/01/2027 | 5.750% | 274,000 | 263,073 | |
Tyson Foods, Inc. | ||||
06/02/2027 | 3.550% | 1,000,000 | 926,515 | |
US Foods, Inc.(a) | ||||
09/15/2028 | 6.875% | 136,000 | 135,719 | |
Total | 8,930,784 | |||
Gaming 0.5% | ||||
Churchill Downs, Inc.(a) | ||||
04/01/2027 | 5.500% | 128,000 | 121,777 | |
Colt Merger Sub, Inc.(a) | ||||
07/01/2025 | 5.750% | 933,000 | 929,751 | |
07/01/2025 | 6.250% | 938,000 | 925,981 | |
International Game Technology PLC(a) | ||||
04/15/2026 | 4.125% | 201,000 | 188,858 | |
01/15/2027 | 6.250% | 150,000 | 147,005 | |
VICI Properties LP/Note Co., Inc.(a) | ||||
05/01/2024 | 5.625% | 511,000 | 508,516 | |
02/15/2025 | 3.500% | 377,000 | 361,086 | |
06/15/2025 | 4.625% | 121,000 | 116,935 | |
12/01/2026 | 4.250% | 273,000 | 254,319 | |
Total | 3,554,228 | |||
Health Care 1.5% | ||||
Acadia Healthcare Co., Inc.(a) | ||||
07/01/2028 | 5.500% | 240,000 | 223,760 | |
Avantor Funding, Inc.(a) | ||||
07/15/2028 | 4.625% | 84,000 | 76,590 | |
Becton Dickinson and Co. | ||||
02/13/2028 | 4.693% | 1,600,000 | 1,550,084 | |
CHS/Community Health Systems, Inc.(a) | ||||
03/15/2026 | 8.000% | 191,000 | 182,077 | |
Cigna Corp. | ||||
03/01/2027 | 3.400% | 1,500,000 | 1,396,488 | |
CVS Health Corp. | ||||
01/30/2029 | 5.000% | 1,200,000 | 1,160,946 | |
GE HealthCare Technologies, Inc. | ||||
11/15/2027 | 5.650% | 1,000,000 | 998,127 | |
HCA, Inc. | ||||
06/01/2028 | 5.200% | 3,000,000 | 2,899,217 | |
HealthSouth Corp. | ||||
09/15/2025 | 5.750% | 91,000 | 89,503 | |
IQVIA, Inc.(a) | ||||
10/15/2026 | 5.000% | 435,000 | 414,888 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 11 |
September 30, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Select Medical Corp.(a) | ||||
08/15/2026 | 6.250% | 1,051,000 | 1,026,871 | |
Tenet Healthcare Corp. | ||||
02/01/2027 | 6.250% | 589,000 | 569,715 | |
Total | 10,588,266 | |||
Healthcare Insurance 0.8% | ||||
Anthem, Inc. | ||||
03/15/2026 | 1.500% | 1,500,000 | 1,359,246 | |
Centene Corp. | ||||
07/15/2028 | 2.450% | 3,000,000 | 2,534,362 | |
UnitedHealth Group, Inc. | ||||
10/15/2027 | 2.950% | 2,400,000 | 2,195,818 | |
Total | 6,089,426 | |||
Home Construction 0.0% | ||||
TRI Pointe Group, Inc./Homes | ||||
06/15/2024 | 5.875% | 154,000 | 153,194 | |
Independent Energy 0.3% | ||||
Centennial Resource Production LLC(a) | ||||
04/01/2027 | 6.875% | 140,000 | 138,078 | |
CrownRock LP/Finance, Inc.(a) | ||||
10/15/2025 | 5.625% | 568,000 | 558,609 | |
Woodside Finance Ltd.(a) | ||||
03/15/2028 | 3.700% | 1,800,000 | 1,630,087 | |
Total | 2,326,774 | |||
Leisure 0.5% | ||||
Carnival Corp.(a) | ||||
03/01/2026 | 7.625% | 224,000 | 217,860 | |
03/01/2027 | 5.750% | 332,000 | 300,308 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op(a) | ||||
05/01/2025 | 5.500% | 428,000 | 419,383 | |
Cinemark USA, Inc.(a) | ||||
05/01/2025 | 8.750% | 219,000 | 220,733 | |
03/15/2026 | 5.875% | 228,000 | 219,875 | |
Live Nation Entertainment, Inc.(a) | ||||
11/01/2024 | 4.875% | 855,000 | 839,381 | |
03/15/2026 | 5.625% | 200,000 | 192,113 | |
Royal Caribbean Cruises Ltd.(a) | ||||
06/01/2025 | 11.500% | 83,000 | 87,610 | |
07/01/2026 | 4.250% | 303,000 | 277,298 | |
08/31/2026 | 5.500% | 275,000 | 259,515 | |
Six Flags Entertainment Corp.(a) | ||||
04/15/2027 | 5.500% | 368,000 | 340,731 | |
Six Flags Theme Parks, Inc.(a) | ||||
07/01/2025 | 7.000% | 69,000 | 68,880 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Vail Resorts, Inc.(a) | ||||
05/15/2025 | 6.250% | 211,000 | 210,032 | |
Total | 3,653,719 | |||
Life Insurance 1.6% | ||||
Corebridge Financial, Inc. | ||||
04/05/2027 | 3.650% | 2,650,000 | 2,449,669 | |
Five Corners Funding Trust II(a) | ||||
05/15/2030 | 2.850% | 2,400,000 | 2,001,814 | |
MetLife Global Funding I(a) | ||||
12/18/2026 | 3.450% | 2,750,000 | 2,577,804 | |
Peachtree Corners Funding Trust(a) | ||||
02/15/2025 | 3.976% | 2,697,000 | 2,605,006 | |
Principal Life Global Funding II(a) | ||||
11/17/2026 | 1.500% | 2,500,000 | 2,189,133 | |
Total | 11,823,426 | |||
Lodging 0.0% | ||||
Hilton Domestic Operating Co., Inc.(a) | ||||
05/01/2025 | 5.375% | 132,000 | 129,655 | |
Media and Entertainment 0.6% | ||||
Clear Channel Worldwide Holdings, Inc.(a) | ||||
08/15/2027 | 5.125% | 300,000 | 266,668 | |
iHeartCommunications, Inc. | ||||
05/01/2026 | 6.375% | 617,000 | 532,188 | |
Outfront Media Capital LLC/Corp.(a) | ||||
06/15/2025 | 6.250% | 534,000 | 523,375 | |
Univision Communications, Inc.(a) | ||||
02/15/2025 | 5.125% | 204,000 | 198,979 | |
Warnermedia Holdings, Inc. | ||||
03/15/2029 | 4.054% | 3,500,000 | 3,122,063 | |
Total | 4,643,273 | |||
Metals and Mining 0.3% | ||||
Constellium NV(a) | ||||
02/15/2026 | 5.875% | 783,000 | 763,887 | |
Hudbay Minerals, Inc.(a) | ||||
04/01/2026 | 4.500% | 791,000 | 737,675 | |
Novelis Corp.(a) | ||||
11/15/2026 | 3.250% | 432,000 | 385,489 | |
Total | 1,887,051 | |||
Midstream 2.1% | ||||
Enbridge, Inc. | ||||
12/01/2026 | 4.250% | 1,502,000 | 1,432,658 | |
Enterprise Products Operating LLC | ||||
10/16/2028 | 4.150% | 1,350,000 | 1,264,421 |
12 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
EQM Midstream Partners LP | ||||
08/01/2024 | 4.000% | 70,000 | 68,281 | |
12/01/2026 | 4.125% | 178,000 | 164,685 | |
EQM Midstream Partners LP(a) | ||||
07/01/2025 | 6.000% | 332,000 | 326,780 | |
06/01/2027 | 7.500% | 140,000 | 139,545 | |
Holly Energy Partners LP/Finance Corp.(a) | ||||
04/15/2027 | 6.375% | 241,000 | 236,641 | |
Kinder Morgan, Inc. | ||||
11/15/2026 | 1.750% | 1,500,000 | 1,334,450 | |
MPLX LP | ||||
03/15/2028 | 4.000% | 2,400,000 | 2,216,757 | |
NuStar Logistics LP | ||||
10/01/2025 | 5.750% | 680,000 | 661,222 | |
06/01/2026 | 6.000% | 256,000 | 248,725 | |
Plains All American Pipeline LP/Finance Corp. | ||||
12/15/2026 | 4.500% | 2,500,000 | 2,388,790 | |
Sunoco LP/Finance Corp.(a) | ||||
09/15/2028 | 7.000% | 185,000 | 182,498 | |
Western Midstream Operating LP | ||||
03/01/2028 | 4.500% | 2,000,000 | 1,858,330 | |
Williams Companies, Inc. (The) | ||||
08/15/2028 | 5.300% | 2,860,000 | 2,795,447 | |
Total | 15,319,230 | |||
Natural Gas 0.3% | ||||
NiSource, Inc. | ||||
03/30/2028 | 5.250% | 2,400,000 | 2,352,196 | |
Oil Field Services 0.0% | ||||
Venture Global LNG, Inc.(a) | ||||
06/01/2028 | 8.125% | 270,000 | 267,373 | |
Other Industry 0.1% | ||||
Picasso Finance Sub, Inc.(a) | ||||
06/15/2025 | 6.125% | 438,000 | 433,650 | |
Williams Scotsman International, Inc.(a) | ||||
08/15/2028 | 4.625% | 125,000 | 111,875 | |
Total | 545,525 | |||
Other REIT 0.3% | ||||
Blackstone Mortgage Trust, Inc.(a) | ||||
01/15/2027 | 3.750% | 281,000 | 236,172 | |
Ladder Capital Finance Holdings LLLP/Corp.(a) | ||||
10/01/2025 | 5.250% | 75,000 | 72,157 | |
02/01/2027 | 4.250% | 769,000 | 672,426 | |
Park Intermediate Holdings LLC/Domestic Property/Finance Co-Issuer(a) | ||||
06/01/2025 | 7.500% | 599,000 | 598,243 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
RLJ Lodging Trust LP(a) | ||||
07/01/2026 | 3.750% | 437,000 | 395,163 | |
Total | 1,974,161 | |||
Packaging 0.2% | ||||
Ardagh Metal Packaging Finance USA LLC/PLC(a) | ||||
06/15/2027 | 6.000% | 335,000 | 321,730 | |
Ardagh Packaging Finance PLC/Holdings USA, Inc.(a) | ||||
04/30/2025 | 5.250% | 341,000 | 332,616 | |
Berry Global, Inc.(a) | ||||
02/15/2026 | 4.500% | 224,000 | 212,344 | |
Canpack SA/Eastern PA Land Investment Holding LLC(a) | ||||
11/01/2025 | 3.125% | 178,000 | 164,512 | |
Trivium Packaging Finance BV(a) | ||||
08/15/2026 | 5.500% | 754,000 | 704,212 | |
Total | 1,735,414 | |||
Pharmaceuticals 1.2% | ||||
AbbVie, Inc. | ||||
05/14/2026 | 3.200% | 2,000,000 | 1,889,627 | |
Amgen, Inc. | ||||
03/02/2028 | 5.150% | 3,000,000 | 2,949,288 | |
Astrazeneca Finance LLC | ||||
03/03/2028 | 4.875% | 1,500,000 | 1,473,392 | |
Bausch Health Companies, Inc.(a) | ||||
11/01/2025 | 5.500% | 151,000 | 133,900 | |
Pfizer Investment Enterprises Pte Ltd. | ||||
05/19/2028 | 4.450% | 2,615,000 | 2,520,456 | |
Total | 8,966,663 | |||
Property & Casualty 0.1% | ||||
Alliant Holdings Intermediate LLC/Co-Issuer(a) | ||||
04/15/2028 | 6.750% | 304,000 | 293,229 | |
Radian Group, Inc. | ||||
10/01/2024 | 4.500% | 285,000 | 276,996 | |
03/15/2025 | 6.625% | 423,000 | 420,535 | |
Total | 990,760 | |||
Railroads 0.2% | ||||
CSX Corp. | ||||
11/01/2025 | 3.350% | 1,128,000 | 1,078,999 | |
Refining 0.2% | ||||
Phillips 66 | ||||
12/01/2027 | 4.950% | 1,600,000 | 1,565,380 | |
Restaurants 0.2% | ||||
IRB Holding Corp.(a) | ||||
06/15/2025 | 7.000% | 1,060,000 | 1,059,884 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 13 |
September 30, 2023 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Retailers 0.4% | ||||
Hanesbrands, Inc.(a) | ||||
05/15/2026 | 4.875% | 250,000 | 229,646 | |
Lowe’s Companies, Inc. | ||||
05/03/2027 | 3.100% | 2,800,000 | 2,578,538 | |
PetSmart, Inc./Finance Corp.(a) | ||||
02/15/2028 | 4.750% | 125,000 | 109,550 | |
Total | 2,917,734 | |||
Supermarkets 0.1% | ||||
Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
03/15/2026 | 7.500% | 248,000 | 251,464 | |
Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
03/15/2026 | 3.250% | 305,000 | 282,065 | |
Total | 533,529 | |||
Technology 1.7% | ||||
Block, Inc. | ||||
06/01/2026 | 2.750% | 301,000 | 270,393 | |
Boxer Parent Co., Inc.(a) | ||||
10/02/2025 | 7.125% | 162,000 | 161,290 | |
Broadcom Corp./Cayman Finance Ltd. | ||||
01/15/2027 | 3.875% | 3,000,000 | 2,819,158 | |
Camelot Finance SA(a) | ||||
11/01/2026 | 4.500% | 586,000 | 542,281 | |
CommScope Finance LLC(a) | ||||
03/01/2026 | 6.000% | 274,000 | 255,595 | |
Entegris, Inc.(a) | ||||
04/15/2028 | 4.375% | 105,000 | 93,960 | |
Iron Mountain, Inc.(a) | ||||
09/15/2027 | 4.875% | 255,000 | 235,199 | |
03/15/2028 | 5.250% | 240,000 | 220,833 | |
Microchip Technology, Inc. | ||||
02/15/2024 | 0.972% | 2,000,000 | 1,963,603 | |
NCR Corp.(a) | ||||
09/01/2027 | 5.750% | 250,000 | 251,923 | |
NXP BV/Funding LLC/USA, Inc. | ||||
05/01/2027 | 3.150% | 3,000,000 | 2,738,283 | |
Oracle Corp. | ||||
05/06/2028 | 4.500% | 2,000,000 | 1,906,381 | |
Shift4 Payments LLC/Finance Sub, Inc.(a) | ||||
11/01/2026 | 4.625% | 564,000 | 531,733 | |
Tempo Acquisition LLC/Finance Corp.(a) | ||||
06/01/2025 | 5.750% | 642,000 | 628,045 | |
Total | 12,618,677 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Transportation Services 0.3% | ||||
ERAC USA Finance LLC(a) | ||||
11/01/2025 | 3.800% | 2,050,000 | 1,969,070 | |
Wireless 0.6% | ||||
Altice France SA(a) | ||||
02/01/2027 | 8.125% | 505,000 | 445,347 | |
American Tower Corp. | ||||
01/31/2028 | 1.500% | 2,100,000 | 1,739,658 | |
SBA Communications Corp. | ||||
02/15/2027 | 3.875% | 230,000 | 210,790 | |
T-Mobile US, Inc. | ||||
04/15/2029 | 3.375% | 2,500,000 | 2,197,749 | |
Total | 4,593,544 | |||
Wirelines 0.5% | ||||
AT&T, Inc. | ||||
02/01/2028 | 1.650% | 1,750,000 | 1,477,260 | |
Iliad Holding SAS(a) | ||||
10/15/2026 | 6.500% | 855,000 | 802,298 | |
Verizon Communications, Inc. | ||||
03/22/2028 | 2.100% | 1,700,000 | 1,460,878 | |
Total | 3,740,436 | |||
Total Corporate Bonds & Notes (Cost $247,744,861) | 236,184,806 | |||
Foreign Government Obligations(g) 0.1% | ||||
Canada 0.1% | ||||
NOVA Chemicals Corp.(a) | ||||
06/01/2024 | 4.875% | 240,000 | 235,723 | |
06/01/2027 | 5.250% | 504,000 | 437,227 | |
Total | 672,950 | |||
Total Foreign Government Obligations (Cost $760,725) | 672,950 | |||
Residential Mortgage-Backed Securities - Agency 0.7% | ||||
Federal Home Loan Mortgage Corp. | ||||
01/01/2024 | 5.000% | 125 | 123 | |
03/01/2024- 10/01/2024 | 4.500% | 1,430 | 1,389 | |
03/01/2025- 04/01/2026 | 4.000% | 3,680 | 3,561 | |
11/01/2025 | 3.500% | 725 | 711 |
14 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Federal Home Loan Mortgage Corp.(b) | ||||
1-year CMT + 2.219% Cap 9.347% 03/01/2034 | 4.562% | 90,277 | 88,165 | |
12-month Term SOFR + 1.735% Cap 10.860% 07/01/2036 | 5.985% | 1,512 | 1,483 | |
12-month Term SOFR + 1.703% Cap 11.242% 08/01/2036 | 5.573% | 15,691 | 15,911 | |
Federal National Mortgage Association | ||||
03/01/2024- 06/01/2026 | 4.000% | 3,534 | 3,437 | |
12/01/2025- 09/01/2026 | 3.500% | 14,829 | 14,471 | |
Federal National Mortgage Association(c) | ||||
CMO Series 2003-W11 Class A1 | ||||
06/25/2033 | 5.720% | 5,135 | 5,121 | |
Government National Mortgage Association(b) | ||||
1-year CMT + 1.500% Floor 1.000%, Cap 11.000% 03/20/2030 | 3.625% | 4,861 | 4,687 | |
Government National Mortgage Association | ||||
08/15/2037 | 7.500% | 10,859 | 10,858 | |
Uniform Mortgage-Backed Security TBA(f) | ||||
10/18/2038 | 4.500% | 5,250,000 | 5,031,617 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $5,236,041) | 5,181,534 | |||
Residential Mortgage-Backed Securities - Non-Agency 27.8% | ||||
510 Asset Backed Trust(a),(c) | ||||
CMO Series 2021-NPL2 Class A1 | ||||
06/25/2061 | 2.116% | 2,988,439 | 2,853,533 | |
Angel Oak Mortgage Trust(a),(c) | ||||
CMO Series 2020-6 Class A3 | ||||
05/25/2065 | 1.775% | 342,033 | 296,430 | |
CMO Series 2020-6 Class M1 | ||||
05/25/2065 | 2.805% | 1,225,000 | 956,843 | |
CMO Series 2021-8 Class A1 | ||||
11/25/2066 | 1.820% | 7,172,608 | 5,827,809 | |
Banc of America Funding Trust | ||||
CMO Series 2005-5 Class 2A1 | ||||
09/25/2035 | 5.500% | 78,214 | 72,607 | |
Banc of America Funding Trust(c) | ||||
CMO Series 2007-C Class 1A3 | ||||
05/20/2036 | 4.085% | 46,854 | 40,567 | |
Bellemeade Re Ltd.(a),(b) | ||||
CMO Series 2021-1A Class M1B | ||||
30-day Average SOFR + 2.200% Floor 2.200% 03/25/2031 | 7.515% | 3,000,000 | 3,015,101 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
BRAVO Residential Funding Trust(a),(c) | ||||
CMO Series 2020-NQM1 Class A1 | ||||
05/25/2060 | 1.449% | 449,362 | 418,435 | |
CMO Series 2021-NQM1 Class A1 | ||||
02/25/2049 | 0.941% | 3,012,339 | 2,616,778 | |
CFMT LLC(a),(c) | ||||
CMO Series 2021-EBO1 Class A | ||||
11/25/2050 | 0.985% | 1,982,789 | 1,825,996 | |
Chase Mortgage Finance Trust | ||||
CMO Series 2005-S2 Class A1 | ||||
10/25/2035 | 5.500% | 60,949 | 56,569 | |
CMO Series 2006-S4 Class A3 | ||||
12/25/2036 | 6.000% | 147,412 | 63,595 | |
CHNGE Mortgage Trust(a),(c) | ||||
CMO Series 2022-1 Class A1 | ||||
01/25/2067 | 3.007% | 6,087,163 | 5,424,515 | |
CMO Series 2022-NQM1 Class A1 | ||||
06/25/2067 | 5.189% | 2,096,791 | 2,000,293 | |
CIM Trust(a),(c) | ||||
CMO Series 2021-NR1 Class A1 | ||||
07/25/2055 | 2.569% | 1,578,571 | 1,532,029 | |
Credit Suisse Mortgage Trust(a),(c) | ||||
CMO Series 2021-AFC1 Class A1 | ||||
03/25/2056 | 0.830% | 1,669,516 | 1,216,447 | |
CMO Series 2021-RPL1 Class A1 | ||||
09/27/2060 | 1.668% | 3,984,948 | 3,668,025 | |
CMO Series 2022-JR1 Class A1 | ||||
10/25/2066 | 4.267% | 11,325,994 | 10,978,833 | |
CSMC Trust(a) | ||||
CMO Series 2019-AFC1 Class A1 | ||||
07/25/2049 | 2.573% | 1,201,500 | 1,089,287 | |
CSMC Trust(a),(c) | ||||
CMO Series 2021-RPL4 Class A1 | ||||
12/27/2060 | 1.796% | 3,008,984 | 2,802,595 | |
CMO Series 2022-NQM5 Class A1 | ||||
05/25/2067 | 5.169% | 3,738,303 | 3,573,081 | |
Subordinated CMO Series 2020-RPL3 Class A1 | ||||
03/25/2060 | 2.691% | 2,227,085 | 2,167,812 | |
Subordinated CMO Series 2020-RPL4 Class A1 | ||||
01/25/2060 | 2.000% | 5,506,829 | 4,671,214 | |
Deephaven Residential Mortgage Trust(a),(c) | ||||
CMO Series 2022-1 Class A1 | ||||
01/25/2067 | 2.205% | 14,882,217 | 12,641,535 | |
Eagle Re Ltd.(a),(b) | ||||
CMO Series 2021-2 Class M1B | ||||
30-day Average SOFR + 2.050% Floor 2.050% 04/25/2034 | 7.365% | 5,100,000 | 5,111,815 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 15 |
September 30, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Freddie Mac STACR REMIC Trust(a),(b) | ||||
CMO Series 2020-DNA1 Class M2 | ||||
30-day Average SOFR + 1.814% 01/25/2050 | 7.129% | 399,146 | 399,145 | |
CMO Series 2021-DNA5 Class M2 | ||||
30-day Average SOFR + 1.650% 01/25/2034 | 6.965% | 1,106,630 | 1,105,568 | |
CMO Series 2021-HQA4 Class M1 | ||||
30-day Average SOFR + 0.950% 12/25/2041 | 6.265% | 2,926,756 | 2,871,900 | |
GCAT Trust(a),(c) | ||||
CMO Series 2021-CM2 Class A1 | ||||
08/25/2066 | 2.352% | 3,268,092 | 2,910,151 | |
CMO Series 2022-NQM4 Class A1 | ||||
08/25/2067 | 5.269% | 3,646,698 | 3,539,687 | |
GS Mortgage-Backed Securities Trust(a),(c) | ||||
CMO Series 2020-NQM1 Class A1 | ||||
09/27/2060 | 1.382% | 956,717 | 857,436 | |
Homeward Opportunities Fund Trust(a),(e) | ||||
CMO Series 2020-BPL1 Class A1 | ||||
08/25/2025 | 3.228% | 102,026 | 101,791 | |
CMO Series 2022-1 Class A1 | ||||
07/25/2067 | 5.082% | 6,434,601 | 6,204,788 | |
Imperial Fund Mortgage Trust(a),(c) | ||||
CMO Series 2021-NQM2 Class A3 | ||||
09/25/2056 | 1.516% | 2,447,243 | 1,869,809 | |
JPMorgan Mortgage Trust | ||||
CMO Series 2005-S3 Class 2A2 | ||||
01/25/2024 | 5.500% | 7,135 | 5,899 | |
JPMorgan Mortgage Trust(c) | ||||
CMO Series 2007-A2 Class 3A1 | ||||
04/25/2037 | 3.926% | 4,439 | 3,539 | |
Legacy Mortgage Asset Trust(a),(c) | ||||
CMO Series 2021-GS1 Class A1 | ||||
10/25/2066 | 1.892% | 2,870,458 | 2,687,886 | |
CMO Series 2021-GS2 Class A1 | ||||
04/25/2061 | 1.750% | 5,408,831 | 4,995,881 | |
MFA Trust(a),(c) | ||||
CMO Series 2020-NQM1 Class A1 | ||||
03/25/2065 | 1.479% | 919,455 | 833,018 | |
Morgan Stanley Mortgage Loan Trust(c) | ||||
CMO Series 2004-10AR Class 2A2 | ||||
11/25/2034 | 5.837% | 26,769 | 24,993 | |
New Residential Mortgage Loan Trust(a),(c) | ||||
CMO Series 2019-NQM4 Class A2 | ||||
09/25/2059 | 2.644% | 1,218,217 | 1,104,637 | |
NRZ Excess Spread-Collateralized Notes(a) | ||||
Series 2020-PLS1 Class A | ||||
12/25/2025 | 3.844% | 953,187 | 889,136 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
OBX Trust(a),(c) | ||||
CMO Series 2019-EXP2 Class 1A3 | ||||
06/25/2059 | 4.000% | 449,303 | 393,735 | |
OBX Trust(a),(e) | ||||
CMO Series 2022-NQM7 Class A1 | ||||
08/25/2062 | 5.110% | 4,398,214 | 4,254,044 | |
Oceanview Mortgage Loan Trust(a) | ||||
CMO Series 2020-1 Class A1A | ||||
05/28/2050 | 1.733% | 806,396 | 716,857 | |
Preston Ridge Partners Mortgage(a),(c) | ||||
CMO Series 2021-4 Class A1 | ||||
04/25/2026 | 1.867% | 6,084,137 | 5,591,889 | |
Preston Ridge Partners Mortgage Trust(a),(c) | ||||
CMO Series 2021-10 Class A1 | ||||
10/25/2026 | 2.487% | 3,259,362 | 3,038,183 | |
CMO Series 2021-2 Class A1 | ||||
03/25/2026 | 2.115% | 1,763,931 | 1,676,835 | |
CMO Series 2021-3 Class A1 | ||||
04/25/2026 | 1.867% | 2,770,967 | 2,626,266 | |
CMO Series 2021-9 Class A1 | ||||
10/25/2026 | 2.363% | 5,400,879 | 5,033,202 | |
Pretium Mortgage Credit Partners I LLC(a),(c) | ||||
CMO Series 2021-NPL1 Class A1 | ||||
09/27/2060 | 2.240% | 1,444,605 | 1,394,047 | |
CMO Series 2021-NPL2 Class A1 | ||||
06/27/2060 | 1.992% | 1,549,217 | 1,433,890 | |
Pretium Mortgage Credit Partners LLC(a),(c) | ||||
CMO Series 2021-NPL3 Class A1 | ||||
07/25/2051 | 1.868% | 7,754,772 | 7,066,487 | |
CMO Series 2021-NPL6 Class A1 | ||||
07/25/2051 | 2.487% | 6,627,575 | 6,295,832 | |
PRKCM Trust(a),(c) | ||||
CMO Series 2021-AFC2 Class A1 | ||||
11/25/2056 | 2.071% | 12,554,631 | 10,141,331 | |
PRPM LLC(a),(c) | ||||
CMO Series 2021-RPL1 Class A1 | ||||
07/25/2051 | 1.319% | 1,584,561 | 1,384,083 | |
PRPM Trust(a),(c) | ||||
CMO Series 2023-NQM1 Class A1 | ||||
01/25/2068 | 6.234% | 2,407,834 | 2,392,853 | |
Sequoia Mortgage Trust(a),(c) | ||||
CMO Series 2016-3 Class A1 | ||||
11/25/2046 | 3.500% | 622,617 | 533,560 | |
Starwood Mortgage Residential Trust(a),(c) | ||||
CMO Series 2019-INV1 Class A3 | ||||
09/27/2049 | 2.916% | 1,735,297 | 1,640,555 | |
CMO Series 2020-INV1 Class A3 | ||||
11/25/2055 | 1.593% | 375,659 | 337,988 |
16 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Towd Point HE Trust(a),(c) | ||||
CMO Series 2021-HE1 Class M2 | ||||
02/25/2063 | 2.500% | 1,150,000 | 979,880 | |
Towd Point Mortgage Trust(a),(c) | ||||
CMO Series 2021-SJ2 Class A1A | ||||
12/25/2061 | 2.250% | 4,095,804 | 3,785,282 | |
VCAT Asset Securitization LLC(a),(c) | ||||
CMO Series 2021-NPL6 Class A1 | ||||
09/25/2051 | 1.917% | 2,031,078 | 1,867,590 | |
VCAT LLC(a),(c) | ||||
CMO Series 2021-NPL1 Class A1 | ||||
12/26/2050 | 2.289% | 265,641 | 257,714 | |
Vericrest Opportunity Loan Transferee(a),(c) | ||||
CMO Series 2021-NPL4 Class A1 | ||||
03/27/2051 | 2.240% | 3,026,204 | 2,891,811 | |
Vericrest Opportunity Loan Transferee XCVI LLC(a),(c) | ||||
CMO Series 2021-NPL5 Class A1 | ||||
03/27/2051 | 2.116% | 1,793,138 | 1,696,837 | |
Vericrest Opportunity Loan Transferee XCVII LLC(a),(c) | ||||
CMO Series 2021-NPL6 Class A1 | ||||
04/25/2051 | 2.240% | 7,606,923 | 7,084,961 | |
Vericrest Opportunity Loan Trust CI LLC(a),(c) | ||||
CMO Series 2021-NP10 Class A1 | ||||
05/25/2051 | 1.992% | 6,501,913 | 5,923,500 | |
Verus Securitization Trust(a),(c) | ||||
CMO Series 2019-4 Class A3 | ||||
11/25/2059 | 3.000% | 1,517,810 | 1,434,518 | |
CMO Series 2020-2 Class A1 | ||||
05/25/2060 | 2.226% | 218,668 | 213,424 | |
CMO Series 2021-8 Class A3 | ||||
11/25/2066 | 2.491% | 8,249,567 | 6,781,715 | |
CMO Series 2022-INV1 Class A1 | ||||
08/25/2067 | 5.041% | 3,122,633 | 3,001,718 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2023-6 Class A2 | ||||
09/25/2068 | 6.939% | 1,100,000 | 1,097,881 | |
Visio Trust(a),(c) | ||||
CMO Series 2019-2 Class A3 | ||||
11/25/2054 | 3.076% | 761,188 | 700,693 | |
Visio Trust(a) | ||||
Series 2020-1R Class A1 | ||||
11/25/2055 | 1.312% | 3,563,416 | 3,219,589 | |
Wells Fargo Mortgage-Backed Securities Trust(c) | ||||
CMO Series 2006-AR19 Class A1 | ||||
12/25/2036 | 4.805% | 58,595 | 55,935 | |
Total Residential Mortgage-Backed Securities - Non-Agency (Cost $222,385,823) | 202,271,693 | |||
U.S. Treasury Obligations 1.0% | ||||
U.S. Treasury | ||||
01/15/2024 | 0.125% | 7,490,000 | 7,377,357 | |
Total U.S. Treasury Obligations (Cost $7,384,249) | 7,377,357 |
Money Market Funds 2.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.515%(h),(i) | 19,952,237 | 19,946,251 |
Total Money Market Funds (Cost $19,944,336) | 19,946,251 | |
Total Investments in Securities (Cost: $770,101,516) | 730,483,650 | |
Other Assets & Liabilities, Net | (1,447,379) | |
Net Assets | 729,036,271 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 2-Year Note | 1,100 | 12/2023 | USD | 222,982,032 | — | (823,271) |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 5-Year Note | (987) | 12/2023 | USD | (103,989,703) | 949,978 | — |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 17 |
September 30, 2023 (Unaudited)
(a) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At September 30, 2023, the total value of these securities amounted to $518,394,754, which represents 71.11% of total net assets. |
(b) | Variable rate security. The interest rate shown was the current rate as of September 30, 2023. |
(c) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of September 30, 2023. |
(d) | Payment-in-kind security. Interest can be paid by issuing additional par of the security or in cash. |
(e) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of September 30, 2023. |
(f) | Represents a security purchased on a when-issued basis. |
(g) | Principal and interest may not be guaranteed by a governmental entity. |
(h) | The rate shown is the seven-day current annualized yield at September 30, 2023. |
(i) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended September 30, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 5.515% | ||||||||
14,430,292 | 164,584,689 | (159,070,057) | 1,327 | 19,946,251 | (6,164) | 389,960 | 19,952,237 |
CMO | Collateralized Mortgage Obligation |
CMT | Constant Maturity Treasury |
SOFR | Secured Overnight Financing Rate |
TBA | To Be Announced |
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
18 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
The Fund’s Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily available using valuation procedures approved by the Board. The Committee consists of voting and non-voting members from various groups within the Investment Manager’s organization, including operations and accounting, trading and investments, compliance, risk management and legal.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Asset-Backed Securities — Non-Agency | — | 158,241,345 | — | 158,241,345 |
Commercial Mortgage-Backed Securities - Non-Agency | — | 100,607,714 | — | 100,607,714 |
Corporate Bonds & Notes | — | 236,184,806 | — | 236,184,806 |
Foreign Government Obligations | — | 672,950 | — | 672,950 |
Residential Mortgage-Backed Securities - Agency | — | 5,181,534 | — | 5,181,534 |
Residential Mortgage-Backed Securities - Non-Agency | — | 202,271,693 | — | 202,271,693 |
U.S. Treasury Obligations | — | 7,377,357 | — | 7,377,357 |
Money Market Funds | 19,946,251 | — | — | 19,946,251 |
Total Investments in Securities | 19,946,251 | 710,537,399 | — | 730,483,650 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 949,978 | — | — | 949,978 |
Liability | ||||
Futures Contracts | (823,271) | — | — | (823,271) |
Total | 20,072,958 | 710,537,399 | — | 730,610,357 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 19 |
September 30, 2023 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $750,157,180) | $710,537,399 |
Affiliated issuers (cost $19,944,336) | 19,946,251 |
Margin deposits on: | |
Futures contracts | 1,448,712 |
Receivable for: | |
Investments sold | 4,076 |
Capital shares sold | 3,446,280 |
Dividends | 63,248 |
Interest | 4,462,386 |
Foreign tax reclaims | 711 |
Variation margin for futures contracts | 111,718 |
Expense reimbursement due from Investment Manager | 3,024 |
Prepaid expenses | 11,061 |
Other assets | 26,333 |
Total assets | 740,061,199 |
Liabilities | |
Due to custodian | 900 |
Payable for: | |
Investments purchased | 1,351,155 |
Investments purchased on a delayed delivery basis | 5,118,223 |
Capital shares redeemed | 1,581,093 |
Distributions to shareholders | 2,456,739 |
Variation margin for futures contracts | 154,219 |
Management services fees | 8,539 |
Distribution and/or service fees | 1,604 |
Transfer agent fees | 57,235 |
Trustees’ fees | 256,210 |
Compensation of chief compliance officer | 79 |
Other expenses | 38,932 |
Total liabilities | 11,024,928 |
Net assets applicable to outstanding capital stock | $729,036,271 |
Represented by | |
Paid in capital | 809,181,685 |
Total distributable earnings (loss) | (80,145,414) |
Total - representing net assets applicable to outstanding capital stock | $729,036,271 |
20 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Class A | |
Net assets | $202,085,799 |
Shares outstanding | 21,488,447 |
Net asset value per share | $9.40 |
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) | $9.49 |
Advisor Class | |
Net assets | $41,305,190 |
Shares outstanding | 4,398,315 |
Net asset value per share | $9.39 |
Class C | |
Net assets | $9,157,399 |
Shares outstanding | 975,994 |
Net asset value per share | $9.38 |
Institutional Class | |
Net assets | $178,176,106 |
Shares outstanding | 18,972,096 |
Net asset value per share | $9.39 |
Institutional 2 Class | |
Net assets | $24,008,510 |
Shares outstanding | 2,560,073 |
Net asset value per share | $9.38 |
Institutional 3 Class | |
Net assets | $273,048,251 |
Shares outstanding | 29,091,335 |
Net asset value per share | $9.39 |
Class R | |
Net assets | $1,255,016 |
Shares outstanding | 133,475 |
Net asset value per share | $9.40 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 21 |
Six Months Ended September 30, 2023 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $389,960 |
Interest | 16,665,906 |
Foreign taxes withheld | (6,356) |
Total income | 17,049,510 |
Expenses: | |
Management services fees | 1,684,834 |
Distribution and/or service fees | |
Class A | 258,722 |
Class C | 38,966 |
Class R | 3,069 |
Transfer agent fees | |
Class A | 140,378 |
Advisor Class | 27,404 |
Class C | 6,609 |
Institutional Class | 126,083 |
Institutional 2 Class | 6,472 |
Institutional 3 Class | 9,021 |
Class R | 833 |
Trustees’ fees | 30,540 |
Custodian fees | 9,517 |
Printing and postage fees | 25,692 |
Registration fees | 63,399 |
Accounting services fees | 20,497 |
Legal fees | 10,357 |
Compensation of chief compliance officer | 79 |
Other | 12,286 |
Total expenses | 2,474,758 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (601,446) |
Fees waived by transfer agent | |
Institutional 2 Class | (690) |
Institutional 3 Class | (9,021) |
Total net expenses | 1,863,601 |
Net investment income | 15,185,909 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | (6,891,921) |
Investments — affiliated issuers | (6,164) |
Futures contracts | (1,906,483) |
Net realized loss | (8,804,568) |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 4,912,178 |
Investments — affiliated issuers | 1,327 |
Futures contracts | (513,066) |
Net change in unrealized appreciation (depreciation) | 4,400,439 |
Net realized and unrealized loss | (4,404,129) |
Net increase in net assets resulting from operations | $10,781,780 |
22 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
Six Months Ended September 30, 2023 (Unaudited) | Year Ended March 31, 2023 | |
Operations | ||
Net investment income | $15,185,909 | $29,767,270 |
Net realized loss | (8,804,568) | (23,597,586) |
Net change in unrealized appreciation (depreciation) | 4,400,439 | (11,501,044) |
Net increase (decrease) in net assets resulting from operations | 10,781,780 | (5,331,360) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (4,104,042) | (5,640,936) |
Advisor Class | (852,309) | (1,392,720) |
Class C | (166,222) | (237,899) |
Institutional Class | (3,921,471) | (5,380,133) |
Institutional 2 Class | (499,584) | (558,766) |
Institutional 3 Class | (6,937,234) | (16,057,156) |
Class R | (22,816) | (27,079) |
Total distributions to shareholders | (16,503,678) | (29,294,689) |
Decrease in net assets from capital stock activity | (200,789,344) | (260,425,518) |
Total decrease in net assets | (206,511,242) | (295,051,567) |
Net assets at beginning of period | 935,547,513 | 1,230,599,080 |
Net assets at end of period | $729,036,271 | $935,547,513 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 23 |
Six Months Ended | Year Ended | |||
September 30, 2023 (Unaudited) | March 31, 2023 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Shares sold | 1,981,785 | 18,681,298 | 5,346,913 | 50,626,672 |
Distributions reinvested | 399,013 | 3,763,295 | 547,091 | 5,167,767 |
Shares redeemed | (3,356,654) | (31,647,569) | (7,311,267) | (69,275,307) |
Net decrease | (975,856) | (9,202,976) | (1,417,263) | (13,480,868) |
Advisor Class | ||||
Shares sold | 672,527 | 6,325,269 | 966,576 | 9,108,579 |
Distributions reinvested | 56,071 | 528,052 | 91,815 | 866,267 |
Shares redeemed | (620,759) | (5,844,613) | (3,856,273) | (36,685,755) |
Net increase (decrease) | 107,839 | 1,008,708 | (2,797,882) | (26,710,909) |
Class C | ||||
Shares sold | 113,053 | 1,063,975 | 594,842 | 5,635,677 |
Distributions reinvested | 17,216 | 162,030 | 24,643 | 232,066 |
Shares redeemed | (240,960) | (2,266,400) | (893,344) | (8,449,569) |
Net decrease | (110,691) | (1,040,395) | (273,859) | (2,581,826) |
Institutional Class | ||||
Shares sold | 3,871,552 | 36,475,812 | 7,629,513 | 72,315,387 |
Distributions reinvested | 358,449 | 3,375,914 | 484,176 | 4,567,393 |
Shares redeemed | (5,043,784) | (47,479,448) | (8,725,765) | (82,551,906) |
Net decrease | (813,783) | (7,627,722) | (612,076) | (5,669,126) |
Institutional 2 Class | ||||
Shares sold | 351,190 | 3,308,576 | 1,075,507 | 10,121,264 |
Distributions reinvested | 53,109 | 499,529 | 59,227 | 558,742 |
Shares redeemed | (160,347) | (1,506,879) | (1,570,307) | (14,854,347) |
Net increase (decrease) | 243,952 | 2,301,226 | (435,573) | (4,174,341) |
Institutional 3 Class | ||||
Shares sold | 4,698,555 | 44,344,315 | 19,241,095 | 181,647,534 |
Distributions reinvested | 103,261 | 975,660 | 614,422 | 5,797,426 |
Shares redeemed | (24,535,526) | (231,597,800) | (41,808,162) | (395,344,994) |
Net decrease | (19,733,710) | (186,277,825) | (21,952,645) | (207,900,034) |
Class R | ||||
Shares sold | 4,466 | 42,129 | 82,097 | 791,081 |
Distributions reinvested | 2,248 | 21,200 | 2,649 | 25,002 |
Shares redeemed | (1,450) | (13,689) | (75,109) | (724,497) |
Net increase | 5,264 | 49,640 | 9,637 | 91,586 |
Total net decrease | (21,276,985) | (200,789,344) | (27,479,661) | (260,425,518) |
24 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
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 | ||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.47 | 0.17 | (0.05) | 0.12 | (0.19) | (0.19) |
Year Ended 3/31/2023 | $9.75 | 0.25 | (0.28) | (0.03) | (0.25) | (0.25) |
Year Ended 3/31/2022 | $10.11 | 0.12 | (0.35) | (0.23) | (0.13) | (0.13) |
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) |
Advisor Class | ||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.46 | 0.18 | (0.05) | 0.13 | (0.20) | (0.20) |
Year Ended 3/31/2023 | $9.74 | 0.26 | (0.27) | (0.01) | (0.27) | (0.27) |
Year Ended 3/31/2022 | $10.10 | 0.14 | (0.35) | (0.21) | (0.15) | (0.15) |
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) |
Class C | ||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.45 | 0.14 | (0.05) | 0.09 | (0.16) | (0.16) |
Year Ended 3/31/2023 | $9.73 | 0.19 | (0.28) | (0.09) | (0.19) | (0.19) |
Year Ended 3/31/2022 | $10.08 | 0.07 | (0.35) | (0.28) | (0.07) | (0.07) |
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) |
Institutional Class | ||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.46 | 0.18 | (0.05) | 0.13 | (0.20) | (0.20) |
Year Ended 3/31/2023 | $9.74 | 0.27 | (0.28) | (0.01) | (0.27) | (0.27) |
Year Ended 3/31/2022 | $10.09 | 0.15 | (0.35) | (0.20) | (0.15) | (0.15) |
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) |
Institutional 2 Class | ||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.45 | 0.19 | (0.06) | 0.13 | (0.20) | (0.20) |
Year Ended 3/31/2023 | $9.73 | 0.27 | (0.27) | 0.00 | (0.28) | (0.28) |
Year Ended 3/31/2022 | $10.08 | 0.16 | (0.35) | (0.19) | (0.16) | (0.16) |
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) |
26 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a),(b) | Net investment income ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.40 | 1.24% | 0.86% | 0.71% | 3.64% | 35% | $202,086 |
Year Ended 3/31/2023 | $9.47 | (0.31%) | 0.84% | 0.72%(c) | 2.61% | 35% | $212,800 |
Year Ended 3/31/2022 | $9.75 | (2.33%) | 0.84% | 0.74%(c) | 1.22% | 96% | $232,895 |
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 |
Advisor Class | |||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.39 | 1.37% | 0.61% | 0.46% | 3.90% | 35% | $41,305 |
Year Ended 3/31/2023 | $9.46 | (0.07%) | 0.59% | 0.47%(c) | 2.79% | 35% | $40,585 |
Year Ended 3/31/2022 | $9.74 | (2.09%) | 0.59% | 0.49%(c) | 1.43% | 96% | $69,029 |
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 |
Class C | |||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.38 | 0.96% | 1.41% | 1.26% | 3.09% | 35% | $9,157 |
Year Ended 3/31/2023 | $9.45 | (0.86%) | 1.39% | 1.27%(c) | 2.02% | 35% | $10,270 |
Year Ended 3/31/2022 | $9.73 | (2.77%) | 1.46% | 1.29%(c) | 0.68% | 96% | $13,238 |
Year Ended 3/31/2021 | $10.08 | 9.06% | 1.60% | 1.34%(c),(d) | 1.22% | 173% | $16,981 |
Year Ended 3/31/2020 | $9.35 | (3.53%) | 1.60% | 1.38%(c),(d) | 2.02% | 169% | $21,157 |
Year Ended 3/31/2019 | $9.96 | 1.94% | 1.61% | 1.40%(c),(d) | 1.38% | 154% | $27,118 |
Institutional Class | |||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.39 | 1.37% | 0.61% | 0.46% | 3.90% | 35% | $178,176 |
Year Ended 3/31/2023 | $9.46 | (0.07%) | 0.59% | 0.47%(c) | 2.86% | 35% | $187,176 |
Year Ended 3/31/2022 | $9.74 | (1.99%) | 0.59% | 0.49%(c) | 1.47% | 96% | $198,640 |
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 |
Institutional 2 Class | |||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.38 | 1.41% | 0.53% | 0.37% | 3.99% | 35% | $24,009 |
Year Ended 3/31/2023 | $9.45 | 0.01% | 0.51% | 0.39% | 2.88% | 35% | $21,879 |
Year Ended 3/31/2022 | $9.73 | (1.92%) | 0.52% | 0.42% | 1.57% | 96% | $26,761 |
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 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 27 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Total distributions to shareholders | |
Institutional 3 Class | ||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.45 | 0.19 | (0.05) | 0.14 | (0.20) | (0.20) |
Year Ended 3/31/2023 | $9.73 | 0.28 | (0.28) | 0.00 | (0.28) | (0.28) |
Year Ended 3/31/2022 | $10.09 | 0.16 | (0.35) | (0.19) | (0.17) | (0.17) |
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) |
Class R | ||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.47 | 0.16 | (0.06) | 0.10 | (0.17) | (0.17) |
Year Ended 3/31/2023 | $9.75 | 0.23 | (0.29) | (0.06) | (0.22) | (0.22) |
Year Ended 3/31/2022 | $10.11 | 0.10 | (0.36) | (0.26) | (0.10) | (0.10) |
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) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Ratios include the impact of voluntary waivers paid by the Investment Manager. For the periods indicated below, if the Investment Manager had not paid these voluntary waivers, the Fund’s net expense ratio would increase by: |
3/31/2021 | 3/31/2020 | 3/31/2019 | |
Class C | 0.06% | 0.15% | 0.15% |
28 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
Net asset value, end of period | Total return | Total gross expense ratio to average net assets(a) | Total net expense ratio to average net assets(a),(b) | Net investment income ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.39 | 1.54% | 0.48% | 0.32% | 4.02% | 35% | $273,048 |
Year Ended 3/31/2023 | $9.45 | 0.06% | 0.46% | 0.34% | 2.93% | 35% | $461,623 |
Year Ended 3/31/2022 | $9.73 | (1.97%) | 0.46% | 0.37% | 1.60% | 96% | $688,879 |
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 |
Class R | |||||||
Six Months Ended 9/30/2023 (Unaudited) | $9.40 | 1.11% | 1.11% | 0.96% | 3.40% | 35% | $1,255 |
Year Ended 3/31/2023 | $9.47 | (0.56%) | 1.09% | 0.97%(c) | 2.39% | 35% | $1,214 |
Year Ended 3/31/2022 | $9.75 | (2.57%) | 1.09% | 0.99%(c) | 0.98% | 96% | $1,156 |
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% | $2,549 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 29 |
September 30, 2023 (Unaudited)
30 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Columbia Short Term Bond Fund | Semiannual Report 2023 | 31 |
September 30, 2023 (Unaudited)
32 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 949,978* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 823,271* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | (1,906,483) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Futures contracts ($) |
Interest rate risk | (513,066) |
Derivative instrument | Average notional amounts ($) |
Futures contracts — long | 248,762,098 |
Futures contracts — short | 101,075,156 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 33 |
September 30, 2023 (Unaudited)
34 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Columbia Short Term Bond Fund | Semiannual Report 2023 | 35 |
September 30, 2023 (Unaudited)
Effective rate (%) | |
Class A | 0.14 |
Advisor Class | 0.14 |
Class C | 0.14 |
Institutional Class | 0.14 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Class R | 0.14 |
36 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 1.00 | 0.50 - 1.00(a) | 99,441 |
Class C | — | 1.00(b) | 328 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
Fee rate(s) contractual through July 31, 2024 | |
Class A | 0.71% |
Advisor Class | 0.46 |
Class C | 1.26 |
Institutional Class | 0.46 |
Institutional 2 Class | 0.37 |
Institutional 3 Class | 0.32 |
Class R | 0.96 |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 37 |
September 30, 2023 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
770,102,000 | 1,186,000 | (40,678,000) | (39,492,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(11,726,371) | (16,783,657) | (28,510,028) |
38 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Columbia Short Term Bond Fund | Semiannual Report 2023 | 39 |
September 30, 2023 (Unaudited)
40 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
September 30, 2023 (Unaudited)
Columbia Short Term Bond Fund | Semiannual Report 2023 | 41 |
September 30, 2023 (Unaudited)
42 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to one or more benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
Columbia Short Term Bond Fund | Semiannual Report 2023 | 43 |
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
44 | Columbia Short Term Bond Fund | Semiannual Report 2023 |
(Unaudited)
Investment Manager’s profitability. The Board reviewed the fees charged to comparable institutional or other accounts/vehicles managed by the Investment Manager and discussed differences in how the products are managed and operated, thus explaining many of the differences in fees.
Columbia Short Term Bond Fund | Semiannual Report 2023 | 45 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
Item 2. Code of Ethics.
Not applicable for semiannual reports.
Item 3. Audit Committee Financial Expert.
Not applicable for semiannual reports.
Item 4. Principal Accountant Fees and Services.
Not applicable for semiannual reports.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments
(a) | The registrant’s “Schedule I – Investments in securities of unaffiliated issuers” (as set forth in 17 CFR 210.12-12) is included in Item 1 of this Form N-CSR. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of directors.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive officer and principal financial officer, based on their evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form N-CSR is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. |
(b) | There was no change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 13. Exhibits.
(a)(1) Code of ethics required to be disclosed under Item 2 of Form N-CSR: Not applicable for semiannual reports.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(registrant) | Columbia Funds Series Trust |
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By (Signature and Title) | /s/ Daniel J. Beckman |
| Daniel J. Beckman, President and Principal Executive Officer |
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Date | November 21, 2023 |
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Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) | /s/ Daniel J. Beckman |
| Daniel J. Beckman, President and Principal Executive Officer |
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Date | November 21, 2023 |
By (Signature and Title) | /s/ Michael G. Clarke |
| Michael G. Clarke, Chief Financial Officer, |
| Principal Financial Officer and Senior Vice President |
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Date | November 21, 2023 |
By (Signature and Title) | /s/ Joseph Beranek |
| Joseph Beranek, Treasurer, Chief Accounting |
| Officer and Principal Financial Officer |
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Date | November 21, 2023 |