UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number811-21852
Columbia Funds Series Trust II
(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: August 31
Date of reporting period: February 28, 2021
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
February 28, 2021
(Unaudited)
Average annual total returns (%) (for the period ended February 28, 2021) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 02/16/06 | 1.74 | 2.51 | 6.06 | 4.75 |
Including sales charges | -3.06 | -2.38 | 5.03 | 4.24 | ||
Advisor Class* | 03/19/13 | 1.86 | 2.76 | 6.31 | 4.96 | |
Class C | Excluding sales charges | 02/16/06 | 1.37 | 1.75 | 5.26 | 3.96 |
Including sales charges | 0.37 | 0.76 | 5.26 | 3.96 | ||
Institutional Class | 09/27/10 | 1.87 | 2.77 | 6.32 | 5.02 | |
Institutional 2 Class* | 11/08/12 | 2.02 | 2.99 | 6.48 | 5.11 | |
Institutional 3 Class* | 11/08/12 | 1.96 | 2.95 | 6.51 | 5.15 | |
Class R* | 11/16/11 | 1.62 | 2.25 | 5.78 | 4.50 | |
JPMorgan Emerging Markets Bond Index-Global | -0.15 | 0.99 | 5.65 | 5.59 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. Since the Fund launched more than one share class at its inception, Class A shares were used. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 3 |
(Unaudited)
Quality breakdown (%) (at February 28, 2021) | |
AA rating | 8.9 |
A rating | 6.6 |
BBB rating | 31.4 |
BB rating | 25.2 |
B rating | 19.3 |
CCC rating | 4.3 |
D rating | 0.2 |
Not rated | 4.1 |
Total | 100.0 |
Country breakdown (%) (at February 28, 2021) | |
Angola | 1.9 |
Argentina | 1.1 |
Belarus | 0.4 |
Brazil | 3.5 |
Canada | 0.4 |
Chile | 0.6 |
China | 1.7(a) |
Colombia | 5.8 |
Croatia | 0.7 |
Dominican Republic | 3.8 |
Ecuador | 0.6 |
Egypt | 2.9 |
El Salvador | 1.7 |
Ghana | 1.4 |
Guatemala | 1.0 |
Hong Kong | 0.9 |
India | 1.2 |
Indonesia | 8.5 |
Isle of Man | 0.2 |
Ivory Coast | 1.8 |
Jersey | 1.3 |
Kazakhstan | 2.1 |
Malaysia | 0.6 |
Mexico | 11.4 |
Morocco | 0.7 |
Netherlands | 0.7 |
Oman | 0.8 |
Pakistan | 0.1 |
Panama | 0.9 |
Paraguay | 0.9 |
Peru | 0.9 |
Philippines | 0.7 |
Qatar | 5.0 |
Romania | 0.6 |
Russian Federation | 4.1 |
Saudi Arabia | 3.8 |
Singapore | 0.3 |
South Africa | 1.9 |
Sri Lanka | 0.3 |
Turkey | 5.5 |
Ukraine | 1.3 |
United Arab Emirates | 3.9 |
United States(b) | 8.4 |
Venezuela | 0.5 |
Virgin Islands | 3.2 |
Total | 100.0 |
(a) | Rounds to zero. |
(b) | Includes investments in Money Market Funds. |
4 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
(Unaudited)
September 1, 2020 — February 28, 2021 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,017.40 | 1,019.08 | 5.49 | 5.50 | 1.11 |
Advisor Class | 1,000.00 | 1,000.00 | 1,018.60 | 1,020.30 | 4.26 | 4.26 | 0.86 |
Class C | 1,000.00 | 1,000.00 | 1,013.70 | 1,015.40 | 9.18 | 9.19 | 1.86 |
Institutional Class | 1,000.00 | 1,000.00 | 1,018.70 | 1,020.25 | 4.31 | 4.31 | 0.87 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,020.20 | 1,020.89 | 3.67 | 3.67 | 0.74 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,019.60 | 1,021.14 | 3.42 | 3.42 | 0.69 |
Class R | 1,000.00 | 1,000.00 | 1,016.20 | 1,017.85 | 6.72 | 6.73 | 1.36 |
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 5 |
February 28, 2021 (Unaudited)
Corporate Bonds & Notes 10.0% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Brazil 0.8% | ||||
Braskem America Finance Co.(a) | ||||
07/22/2041 | 7.125% | 2,500,000 | 2,837,276 | |
Colombia 0.8% | ||||
Millicom International Cellular SA(a) | ||||
01/15/2028 | 5.125% | 1,215,000 | 1,293,770 | |
03/25/2029 | 6.250% | 1,260,000 | 1,417,412 | |
03/25/2029 | 6.250% | 180,000 | 202,487 | |
Total | 2,913,669 | |||
Egypt 0.3% | ||||
Egypt Government International Bond(a) | ||||
02/16/2061 | 7.500% | 981,000 | 928,042 | |
Guatemala 0.4% | ||||
Energuate Trust(a) | ||||
05/03/2027 | 5.875% | 900,000 | 957,162 | |
05/03/2027 | 5.875% | 550,000 | 584,933 | |
Total | 1,542,095 | |||
Hong Kong 0.9% | ||||
Lenovo Group Ltd.(a) | ||||
04/24/2025 | 5.875% | 2,850,000 | 3,270,981 | |
India 0.7% | ||||
Adani Ports & Special Economic Zone Ltd.(a) | ||||
07/30/2027 | 4.000% | 700,000 | 750,229 | |
08/04/2027 | 4.200% | 1,614,000 | 1,740,719 | |
Total | 2,490,948 | |||
Isle of Man 0.2% | ||||
AngloGold Ashanti Holdings PLC | ||||
10/01/2030 | 3.750% | 565,000 | 592,601 | |
Jersey 1.2% | ||||
Galaxy Pipeline Assets Bidco Ltd.(a) | ||||
03/31/2036 | 2.625% | 1,780,000 | 1,748,460 | |
09/30/2040 | 2.940% | 2,666,000 | 2,630,838 | |
Total | 4,379,298 | |||
Netherlands 0.7% | ||||
Braskem Netherlands Finance BV(a) | ||||
01/10/2023 | 3.500% | 1,000,000 | 1,029,210 | |
01/31/2030 | 4.500% | 900,000 | 913,820 | |
Mong Duong Finance Holdings BV(a) | ||||
05/07/2029 | 5.125% | 570,000 | 581,346 | |
Total | 2,524,376 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Peru 0.5% | ||||
Volcan Cia Minera SAA(a) | ||||
02/11/2026 | 4.375% | 1,800,000 | 1,851,975 | |
Philippines 0.7% | ||||
SMC Global Power Holdings Corp.(a),(b) | ||||
12/31/2049 | 5.700% | 2,600,000 | 2,606,354 | |
Singapore 0.3% | ||||
Geo Coal International Pte Ltd.(a) | ||||
10/04/2022 | 8.000% | 1,307,000 | 989,285 | |
Virgin Islands 2.5% | ||||
Gold Fields Orogen Holdings BVI Ltd.(a) | ||||
05/15/2029 | 6.125% | 1,900,000 | 2,281,878 | |
JGSH Philippines Ltd.(a) | ||||
07/09/2030 | 4.125% | 6,100,000 | 6,575,529 | |
Total | 8,857,407 | |||
Total Corporate Bonds & Notes (Cost $33,763,749) | 35,784,307 | |||
Foreign Government Obligations(c),(d) 79.7% | ||||
Angola 1.9% | ||||
Angolan Government International Bond(a) | ||||
11/26/2029 | 8.000% | 2,463,000 | 2,416,886 | |
05/08/2048 | 9.375% | 4,350,000 | 4,305,385 | |
Total | 6,722,271 | |||
Argentina 1.1% | ||||
Argentine Republic Government International Bond(b) | ||||
07/09/2035 | 0.125% | 11,251,998 | 3,602,996 | |
07/09/2046 | 0.125% | 610,000 | 196,646 | |
Total | 3,799,642 | |||
Belarus 0.3% | ||||
Republic of Belarus International Bond(a) | ||||
02/28/2030 | 6.200% | 1,250,000 | 1,235,046 | |
Brazil 2.7% | ||||
Brazilian Government International Bond | ||||
05/30/2029 | 4.500% | 1,200,000 | 1,275,388 | |
06/12/2030 | 3.875% | 4,925,000 | 4,916,438 | |
01/27/2045 | 5.000% | 3,400,000 | 3,337,079 | |
Total | 9,528,905 |
6 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
February 28, 2021 (Unaudited)
Foreign Government Obligations(c),(d) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Canada 0.4% | ||||
MEGlobal Canada ULC(a) | ||||
05/18/2025 | 5.000% | 1,300,000 | 1,446,847 | |
Chile 0.6% | ||||
Chile Government International Bond | ||||
01/25/2050 | 3.500% | 1,500,000 | 1,521,417 | |
Corporación Nacional del Cobre de Chile(a) | ||||
09/30/2029 | 3.000% | 635,000 | 666,008 | |
Total | 2,187,425 | |||
China 1.7% | ||||
China Government Bond | ||||
11/21/2029 | 3.130% | CNY | 100,000 | 15,259 |
State Grid Overseas Investment 2016 Ltd.(a) | ||||
05/04/2027 | 3.500% | 1,250,000 | 1,380,851 | |
Syngenta Finance NV(a) | ||||
04/24/2028 | 5.182% | 4,200,000 | 4,580,374 | |
Total | 5,976,484 | |||
Colombia 4.9% | ||||
Colombia Government International Bond | ||||
01/30/2030 | 3.000% | 10,600,000 | 10,552,002 | |
04/15/2031 | 3.125% | 6,900,000 | 6,870,268 | |
Total | 17,422,270 | |||
Croatia 0.6% | ||||
Croatia Government International Bond(a) | ||||
01/26/2024 | 6.000% | 767,000 | 881,822 | |
Hrvatska Elektroprivreda(a) | ||||
10/23/2022 | 5.875% | 1,290,000 | 1,395,251 | |
Total | 2,277,073 | |||
Dominican Republic 3.7% | ||||
Dominican Republic International Bond(a) | ||||
01/27/2025 | 5.500% | 2,060,000 | 2,267,107 | |
06/05/2026 | 9.750% | DOP | 124,450,000 | 2,326,994 |
01/30/2030 | 4.500% | 2,489,000 | 2,530,307 | |
09/23/2032 | 4.875% | 1,050,000 | 1,066,063 | |
04/30/2044 | 7.450% | 3,400,000 | 4,077,067 | |
01/30/2060 | 5.875% | 1,050,000 | 1,027,182 | |
Total | 13,294,720 | |||
Ecuador 0.6% | ||||
Ecuador Government International Bond(a),(b) | ||||
07/31/2035 | 0.500% | 2,748,915 | 1,263,779 | |
07/31/2040 | 0.500% | 1,899,850 | 808,681 | |
Total | 2,072,460 |
Foreign Government Obligations(c),(d) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Egypt 2.5% | ||||
Egypt Government International Bond(a) | ||||
04/16/2030 | 5.625% | EUR | 1,300,000 | 1,589,223 |
04/11/2031 | 6.375% | EUR | 1,700,000 | 2,135,919 |
01/15/2032 | 7.053% | 900,000 | 934,020 | |
05/29/2032 | 7.625% | 1,615,000 | 1,728,725 | |
02/21/2048 | 7.903% | 2,300,000 | 2,288,649 | |
02/21/2048 | 7.903% | 400,000 | 398,026 | |
Total | 9,074,562 | |||
El Salvador 1.7% | ||||
El Salvador Government International Bond(a) | ||||
01/30/2025 | 5.875% | 700,000 | 684,413 | |
01/18/2027 | 6.375% | 3,900,000 | 3,847,462 | |
07/15/2052 | 9.500% | 1,450,000 | 1,518,769 | |
Total | 6,050,644 | |||
Ghana 1.4% | ||||
Ghana Government International Bond(a) | ||||
02/11/2027 | 6.375% | 700,000 | 722,578 | |
02/11/2035 | 7.875% | 950,000 | 935,548 | |
03/26/2051 | 8.950% | 3,400,000 | 3,358,237 | |
Total | 5,016,363 | |||
Guatemala 0.6% | ||||
Guatemala Government Bond(a) | ||||
06/01/2050 | 6.125% | 1,650,000 | 1,996,500 | |
India 0.5% | ||||
Export-Import Bank of India(a) | ||||
01/15/2030 | 3.250% | 1,600,000 | 1,636,041 | |
Indonesia 8.3% | ||||
Indonesia Government International Bond(a) | ||||
01/15/2045 | 5.125% | 5,150,000 | 6,163,504 | |
Indonesia Government International Bond | ||||
10/30/2049 | 3.700% | 3,500,000 | 3,548,467 | |
Perusahaan Penerbit SBSN Indonesia III(a) | ||||
06/23/2025 | 2.300% | 1,145,000 | 1,184,146 | |
PT Indonesia Asahan Aluminium Persero(a) | ||||
05/15/2030 | 5.450% | 4,485,000 | 5,167,035 | |
11/15/2048 | 6.757% | 4,300,000 | 5,548,862 | |
PT Pelabuhan Indonesia II(a) | ||||
05/05/2045 | 5.375% | 1,350,000 | 1,591,955 | |
PT Perusahaan Listrik Negara(a) | ||||
07/17/2049 | 4.875% | 1,500,000 | 1,590,084 | |
PT Saka Energi Indonesia(a) | ||||
05/05/2024 | 4.450% | 5,500,000 | 4,989,294 | |
Total | 29,783,347 |
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 7 |
February 28, 2021 (Unaudited)
Foreign Government Obligations(c),(d) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Ivory Coast 1.7% | ||||
Ivory Coast Government International Bond(a) | ||||
10/17/2031 | 5.875% | EUR | 3,440,000 | 4,474,952 |
06/15/2033 | 6.125% | 1,650,000 | 1,785,554 | |
Total | 6,260,506 | |||
Kazakhstan 2.0% | ||||
KazMunayGas National Co. JSC(a) | ||||
04/19/2027 | 4.750% | 2,200,000 | 2,522,759 | |
04/24/2030 | 5.375% | 3,000,000 | 3,564,435 | |
04/19/2047 | 5.750% | 1,050,000 | 1,234,164 | |
Total | 7,321,358 | |||
Malaysia 0.6% | ||||
Petronas Capital Ltd.(a) | ||||
04/21/2030 | 3.500% | 1,795,000 | 1,977,600 | |
Mexico 11.2% | ||||
Mexican Bonos | ||||
05/31/2029 | 8.500% | MXN | 61,500,000 | 3,436,088 |
Mexico Government International Bond | ||||
04/16/2030 | 3.250% | 4,400,000 | 4,485,098 | |
01/15/2047 | 4.350% | 1,800,000 | 1,801,982 | |
02/10/2048 | 4.600% | 1,600,000 | 1,647,113 | |
Petroleos Mexicanos | ||||
11/12/2026 | 7.470% | MXN | 50,100,000 | 2,082,836 |
03/13/2027 | 6.500% | 3,840,000 | 4,010,460 | |
02/12/2028 | 5.350% | 3,630,000 | 3,523,347 | |
01/23/2029 | 6.500% | 200,000 | 200,855 | |
01/23/2030 | 6.840% | 6,845,000 | 6,943,060 | |
01/28/2031 | 5.950% | 5,000,000 | 4,824,511 | |
01/23/2045 | 6.375% | 5,300,000 | 4,524,898 | |
09/21/2047 | 6.750% | 800,000 | 701,393 | |
01/23/2050 | 7.690% | 1,765,000 | 1,676,448 | |
Total | 39,858,089 | |||
Morocco 0.6% | ||||
OCP SA(a) | ||||
04/25/2044 | 6.875% | 1,850,000 | 2,269,600 | |
Oman 0.8% | ||||
Oman Government International Bond(a) | ||||
01/25/2031 | 6.250% | 1,339,000 | 1,416,920 | |
01/17/2048 | 6.750% | 1,550,000 | 1,506,135 | |
Total | 2,923,055 | |||
Pakistan 0.1% | ||||
Pakistan Government International Bond(a) | ||||
09/30/2025 | 8.250% | 419,000 | 470,808 |
Foreign Government Obligations(c),(d) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Panama 0.9% | ||||
Panama Government International Bond | ||||
03/16/2025 | 3.750% | 900,000 | 979,957 | |
09/29/2032 | 2.252% | 2,200,000 | 2,111,535 | |
Total | 3,091,492 | |||
Paraguay 0.8% | ||||
Paraguay Government International Bond(a) | ||||
08/11/2044 | 6.100% | 1,600,000 | 1,966,045 | |
03/30/2050 | 5.400% | 925,000 | 1,063,884 | |
Total | 3,029,929 | |||
Peru 0.4% | ||||
Peruvian Government International Bond | ||||
06/20/2030 | 2.844% | 1,300,000 | 1,349,494 | |
Qatar 4.9% | ||||
Qatar Government International Bond(a) | ||||
04/23/2028 | 4.500% | 700,000 | 830,539 | |
03/14/2029 | 4.000% | 4,700,000 | 5,405,941 | |
04/16/2030 | 3.750% | 4,467,000 | 5,076,249 | |
04/23/2048 | 5.103% | 2,350,000 | 3,036,660 | |
03/14/2049 | 4.817% | 2,550,000 | 3,193,959 | |
Total | 17,543,348 | |||
Romania 0.6% | ||||
Romanian Government International Bond(a) | ||||
02/14/2051 | 4.000% | 2,042,000 | 1,994,172 | |
Russian Federation 4.1% | ||||
Gazprom Neft OAO Via GPN Capital SA(a) | ||||
09/19/2022 | 4.375% | 529,000 | 551,140 | |
Russian Federal Bond - OFZ | ||||
03/23/2033 | 7.700% | RUB | 360,000,000 | 5,131,532 |
Russian Foreign Bond - Eurobond(a) | ||||
05/27/2026 | 4.750% | 3,000,000 | 3,444,897 | |
03/21/2029 | 4.375% | 2,000,000 | 2,265,427 | |
03/28/2035 | 5.100% | 2,600,000 | 3,095,589 | |
Total | 14,488,585 | |||
Saudi Arabia 3.7% | ||||
KSA Sukuk Ltd.(a) | ||||
10/29/2029 | 2.969% | 1,400,000 | 1,487,141 | |
Saudi Government International Bond(a) | ||||
03/04/2028 | 3.625% | 1,400,000 | 1,549,744 | |
01/21/2055 | 3.750% | 4,000,000 | 4,018,839 | |
01/21/2055 | 3.750% | 2,850,000 | 2,863,423 | |
02/02/2061 | 3.450% | 3,500,000 | 3,318,842 | |
Total | 13,237,989 |
8 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
February 28, 2021 (Unaudited)
Foreign Government Obligations(c),(d) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
South Africa 1.9% | ||||
Eskom Holdings SOC Ltd.(a) | ||||
02/11/2025 | 7.125% | 1,088,000 | 1,139,566 | |
Republic of South Africa Government International Bond | ||||
09/30/2029 | 4.850% | 1,400,000 | 1,418,363 | |
09/30/2049 | 5.750% | 4,500,000 | 4,169,495 | |
Total | 6,727,424 | |||
Sri Lanka 0.3% | ||||
Sri Lanka Government International Bond(a) | ||||
05/11/2027 | 6.200% | 1,000,000 | 578,388 | |
03/28/2030 | 7.550% | 750,000 | 433,148 | |
Total | 1,011,536 | |||
Turkey 5.4% | ||||
Turkey Government International Bond | ||||
03/22/2024 | 5.750% | 1,500,000 | 1,572,946 | |
04/14/2026 | 4.250% | 1,350,000 | 1,323,032 | |
03/25/2027 | 6.000% | 2,000,000 | 2,095,989 | |
02/17/2028 | 5.125% | 8,900,000 | 8,864,926 | |
04/26/2029 | 7.625% | 2,400,000 | 2,710,880 | |
05/30/2040 | 6.750% | 1,573,000 | 1,583,075 | |
01/14/2041 | 6.000% | 1,200,000 | 1,109,131 | |
Total | 19,259,979 | |||
Ukraine 1.3% | ||||
NAK Naftogaz Ukraine via Kondor Finance PLC(a) | ||||
11/08/2026 | 7.625% | 1,740,000 | 1,775,241 | |
Ukraine Government International Bond(a) | ||||
09/01/2023 | 7.750% | 850,000 | 917,425 | |
09/01/2026 | 7.750% | 1,600,000 | 1,735,522 | |
Ukraine Railways Via Shortline PLC(a) | ||||
09/15/2021 | 9.875% | 180,000 | 182,799 | |
Total | 4,610,987 | |||
United Arab Emirates 3.8% | ||||
Abu Dhabi Government International Bond(a) | ||||
04/16/2030 | 3.125% | 2,400,000 | 2,619,650 | |
09/30/2049 | 3.125% | 3,600,000 | 3,532,776 | |
04/16/2050 | 3.875% | 385,000 | 430,151 |
Foreign Government Obligations(c),(d) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
DP World Crescent Ltd.(a) | ||||
09/26/2028 | 4.848% | 1,450,000 | 1,648,560 | |
DP World PLC(a) | ||||
07/02/2037 | 6.850% | 3,600,000 | 4,760,647 | |
09/25/2048 | 5.625% | 500,000 | 606,651 | |
Total | 13,598,435 | |||
Venezuela 0.5% | ||||
Petroleos de Venezuela SA(a),(e) | ||||
05/16/2024 | 0.000% | 22,627,059 | 905,082 | |
Venezuela Government International Bond(a),(e) | ||||
10/13/2024 | 0.000% | 7,500,000 | 739,820 | |
Total | 1,644,902 | |||
Virgin Islands 0.6% | ||||
Sinopec Group Overseas Development 2017 Ltd.(a) | ||||
09/13/2027 | 3.250% | 2,150,000 | 2,332,201 | |
Total Foreign Government Obligations (Cost $292,320,509) | 284,522,089 |
Money Market Funds 8.2% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.086%(f),(g) | 29,294,605 | 29,291,675 |
Total Money Market Funds (Cost $29,291,675) | 29,291,675 | |
Total Investments in Securities (Cost $355,375,933) | 349,598,071 | |
Other Assets & Liabilities, Net | 7,364,144 | |
Net Assets | $356,962,215 |
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 9 |
February 28, 2021 (Unaudited)
Forward foreign currency exchange contracts | |||||
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) |
112,300,000 MXN | 5,555,707 USD | Goldman Sachs | 03/17/2021 | 197,596 | — |
6,881,000 EUR | 8,302,855 USD | UBS | 03/17/2021 | — | (2,858) |
Total | 197,596 | (2,858) |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Ultra Treasury Bond | 29 | 06/2021 | USD | 5,482,813 | — | (82,302) |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Ultra Bond 10-Year Note | (51) | 06/2021 | USD | (7,514,531) | 86,753 | — |
(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 February 28, 2021, the total value of these securities amounted to $209,599,391, which represents 58.72% of total net assets. |
(b) | 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 February 28, 2021. |
(c) | Principal amounts are denominated in United States Dollars unless otherwise noted. |
(d) | Principal and interest may not be guaranteed by a governmental entity. |
(e) | Represents securities that have defaulted on payment of interest. The Fund has stopped accruing interest on these securities. At February 28, 2021, the total value of these securities amounted to $1,644,902, which represents 0.46% of total net assets. |
(f) | The rate shown is the seven-day current annualized yield at February 28, 2021. |
(g) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended February 28, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.086% | ||||||||
25,696,261 | 92,189,003 | (88,593,589) | — | 29,291,675 | (2,485) | 13,987 | 29,294,605 |
CNY | China Yuan Renminbi |
DOP | Dominican Republic Peso |
EUR | Euro |
MXN | Mexican Peso |
RUB | Russian Ruble |
USD | US Dollar |
10 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
February 28, 2021 (Unaudited)
pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset’s or liability’s fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Corporate Bonds & Notes | — | 35,784,307 | — | 35,784,307 |
Foreign Government Obligations | — | 284,522,089 | — | 284,522,089 |
Money Market Funds | 29,291,675 | — | — | 29,291,675 |
Total Investments in Securities | 29,291,675 | 320,306,396 | — | 349,598,071 |
Investments in Derivatives | ||||
Asset | ||||
Forward Foreign Currency Exchange Contracts | — | 197,596 | — | 197,596 |
Futures Contracts | 86,753 | — | — | 86,753 |
Liability | ||||
Forward Foreign Currency Exchange Contracts | — | (2,858) | — | (2,858) |
Futures Contracts | (82,302) | — | — | (82,302) |
Total | 29,296,126 | 320,501,134 | — | 349,797,260 |
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 11 |
February 28, 2021 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $326,084,258) | $320,306,396 |
Affiliated issuers (cost $29,291,675) | 29,291,675 |
Foreign currency (cost $4,485,162) | 4,443,696 |
Margin deposits on: | |
Futures contracts | 158,006 |
Unrealized appreciation on forward foreign currency exchange contracts | 197,596 |
Receivable for: | |
Capital shares sold | 449,363 |
Dividends | 1,836 |
Interest | 3,858,577 |
Foreign tax reclaims | 61,522 |
Variation margin for futures contracts | 96,062 |
Prepaid expenses | 13,196 |
Other assets | 37,487 |
Total assets | 358,915,412 |
Liabilities | |
Unrealized depreciation on forward foreign currency exchange contracts | 2,858 |
Payable for: | |
Investments purchased | 1,637,511 |
Capital shares purchased | 166,533 |
Variation margin for futures contracts | 31,875 |
Foreign capital gains taxes deferred | 1 |
Management services fees | 5,849 |
Distribution and/or service fees | 758 |
Transfer agent fees | 19,412 |
Compensation of board members | 68,262 |
Other expenses | 20,138 |
Total liabilities | 1,953,197 |
Net assets applicable to outstanding capital stock | $356,962,215 |
Represented by | |
Paid in capital | 394,661,229 |
Total distributable earnings (loss) | (37,699,014) |
Total - representing net assets applicable to outstanding capital stock | $356,962,215 |
12 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
February 28, 2021 (Unaudited)
Class A | |
Net assets | $43,419,264 |
Shares outstanding | 3,826,148 |
Net asset value per share | $11.35 |
Maximum sales charge | 4.75% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $11.92 |
Advisor Class | |
Net assets | $4,248,315 |
Shares outstanding | 373,751 |
Net asset value per share | $11.37 |
Class C | |
Net assets | $6,689,937 |
Shares outstanding | 593,649 |
Net asset value per share | $11.27 |
Institutional Class | |
Net assets | $56,129,585 |
Shares outstanding | 4,941,751 |
Net asset value per share | $11.36 |
Institutional 2 Class | |
Net assets | $49,031,920 |
Shares outstanding | 4,317,915 |
Net asset value per share | $11.36 |
Institutional 3 Class | |
Net assets | $177,081,386 |
Shares outstanding | 15,589,608 |
Net asset value per share | $11.36 |
Class R | |
Net assets | $20,361,808 |
Shares outstanding | 1,795,143 |
Net asset value per share | $11.34 |
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 13 |
Six Months Ended February 28, 2021 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $13,987 |
Interest | 8,234,527 |
Interfund lending | 87 |
Foreign taxes withheld | (22,601) |
Total income | 8,226,000 |
Expenses: | |
Management services fees | 1,043,730 |
Distribution and/or service fees | |
Class A | 54,558 |
Class C | 39,804 |
Class R | 51,572 |
Transfer agent fees | |
Class A | 39,827 |
Advisor Class | 4,124 |
Class C | 7,254 |
Institutional Class | 46,850 |
Institutional 2 Class | 12,659 |
Institutional 3 Class | 6,174 |
Class R | 18,813 |
Compensation of board members | 18,097 |
Custodian fees | 19,886 |
Printing and postage fees | 18,079 |
Registration fees | 54,900 |
Audit fees | 15,400 |
Legal fees | 3,734 |
Compensation of chief compliance officer | 38 |
Other | 21,371 |
Total expenses | 1,476,870 |
Expense reduction | (20) |
Total net expenses | 1,476,850 |
Net investment income | 6,749,150 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 1,383,214 |
Investments — affiliated issuers | (2,485) |
Foreign currency translations | 61,343 |
Forward foreign currency exchange contracts | (727,714) |
Futures contracts | (362,111) |
Net realized gain | 352,247 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (536,114) |
Foreign currency translations | (78,075) |
Forward foreign currency exchange contracts | 330,419 |
Futures contracts | (37,289) |
Foreign capital gains tax | (1) |
Net change in unrealized appreciation (depreciation) | (321,060) |
Net realized and unrealized gain | 31,187 |
Net increase in net assets resulting from operations | $6,780,337 |
14 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
Six Months Ended February 28, 2021 (Unaudited) | Year Ended August 31, 2020 | |
Operations | ||
Net investment income | $6,749,150 | $16,198,646 |
Net realized gain | 352,247 | 2,849,310 |
Net change in unrealized appreciation (depreciation) | (321,060) | (10,677,580) |
Net increase in net assets resulting from operations | 6,780,337 | 8,370,376 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (608,128) | (1,536,100) |
Advisor Class | (68,117) | (384,613) |
Class C | (79,676) | (268,569) |
Institutional Class | (781,191) | (2,167,199) |
Institutional 2 Class | (713,057) | (1,202,923) |
Institutional 3 Class | (2,832,801) | (6,484,372) |
Class R | (260,618) | (654,730) |
Total distributions to shareholders | (5,343,588) | (12,698,506) |
Decrease in net assets from capital stock activity | (5,735,685) | (36,370,725) |
Total decrease in net assets | (4,298,936) | (40,698,855) |
Net assets at beginning of period | 361,261,151 | 401,960,006 |
Net assets at end of period | $356,962,215 | $361,261,151 |
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 15 |
Six Months Ended | Year Ended | |||
February 28, 2021 (Unaudited) | August 31, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 460,976 | 5,261,153 | 611,449 | 6,646,050 |
Distributions reinvested | 51,142 | 583,160 | 135,732 | 1,495,230 |
Redemptions | (810,138) | (9,243,698) | (1,473,275) | (16,019,676) |
Net decrease | (298,020) | (3,399,385) | (726,094) | (7,878,396) |
Advisor Class | ||||
Subscriptions | 53,649 | 618,041 | 268,364 | 2,968,905 |
Distributions reinvested | 5,963 | 68,092 | 34,333 | 384,409 |
Redemptions | (109,595) | (1,257,976) | (1,659,141) | (17,741,397) |
Net decrease | (49,983) | (571,843) | (1,356,444) | (14,388,083) |
Class C | ||||
Subscriptions | 23,562 | 269,304 | 21,082 | 228,895 |
Distributions reinvested | 6,959 | 78,772 | 22,366 | 245,444 |
Redemptions | (227,810) | (2,604,314) | (444,857) | (4,850,966) |
Net decrease | (197,289) | (2,256,238) | (401,409) | (4,376,627) |
Institutional Class | ||||
Subscriptions | 1,689,147 | 19,542,962 | 1,966,307 | 21,803,127 |
Distributions reinvested | 67,752 | 773,469 | 192,303 | 2,123,015 |
Redemptions | (1,380,598) | (15,887,037) | (3,913,431) | (41,378,706) |
Net increase (decrease) | 376,301 | 4,429,394 | (1,754,821) | (17,452,564) |
Institutional 2 Class | ||||
Subscriptions | 859,807 | 9,912,980 | 3,067,977 | 33,744,385 |
Distributions reinvested | 62,416 | 712,666 | 108,739 | 1,202,211 |
Redemptions | (377,943) | (4,331,764) | (2,512,417) | (26,642,333) |
Net increase | 544,280 | 6,293,882 | 664,299 | 8,304,263 |
Institutional 3 Class | ||||
Subscriptions | 1,869,433 | 21,706,550 | 1,393,213 | 15,404,862 |
Distributions reinvested | 248,313 | 2,832,801 | 589,251 | 6,484,372 |
Redemptions | (2,858,964) | (33,302,987) | (1,794,122) | (19,746,092) |
Net increase (decrease) | (741,218) | (8,763,636) | 188,342 | 2,143,142 |
Class R | ||||
Subscriptions | 102,869 | 1,178,187 | 182,147 | 1,960,741 |
Distributions reinvested | 22,425 | 255,590 | 56,736 | 625,348 |
Redemptions | (254,446) | (2,901,636) | (495,648) | (5,308,549) |
Net decrease | (129,152) | (1,467,859) | (256,765) | (2,722,460) |
Total net decrease | (495,081) | (5,735,685) | (3,642,892) | (36,370,725) |
16 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.31 | 0.20 | 0.00(c) | 0.20 | (0.16) | — | (0.16) |
Year Ended 8/31/2020 | $11.29 | 0.45 | (0.08) | 0.37 | (0.35) | — | (0.35) |
Year Ended 8/31/2019 | $10.74 | 0.59 | 0.39 | 0.98 | (0.43) | — | (0.43) |
Year Ended 8/31/2018 | $12.09 | 0.62 | (1.31) | (0.69) | (0.66) | — | (0.66) |
Year Ended 8/31/2017(g) | $11.64 | 0.54 | 0.33 | 0.87 | (0.42) | — | (0.42) |
Year Ended 10/31/2016 | $10.56 | 0.64 | 0.73 | 1.37 | (0.29) | — | (0.29) |
Year Ended 10/31/2015 | $11.37 | 0.62 | (1.12) | (0.50) | (0.30) | (0.01) | (0.31) |
Advisor Class | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.33 | 0.22 | (0.01)(h) | 0.21 | (0.17) | — | (0.17) |
Year Ended 8/31/2020 | $11.31 | 0.51 | (0.11) | 0.40 | (0.38) | — | (0.38) |
Year Ended 8/31/2019 | $10.75 | 0.61 | 0.41 | 1.02 | (0.46) | — | (0.46) |
Year Ended 8/31/2018 | $12.11 | 0.65 | (1.32) | (0.67) | (0.69) | — | (0.69) |
Year Ended 8/31/2017(g) | $11.65 | 0.58 | 0.32 | 0.90 | (0.44) | — | (0.44) |
Year Ended 10/31/2016 | $10.57 | 0.68 | 0.72 | 1.40 | (0.32) | — | (0.32) |
Year Ended 10/31/2015 | $11.38 | 0.64 | (1.12) | (0.48) | (0.32) | (0.01) | (0.33) |
Class C | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.23 | 0.16 | (0.01)(h) | 0.15 | (0.11) | — | (0.11) |
Year Ended 8/31/2020 | $11.22 | 0.37 | (0.09) | 0.28 | (0.27) | — | (0.27) |
Year Ended 8/31/2019 | $10.67 | 0.51 | 0.39 | 0.90 | (0.35) | — | (0.35) |
Year Ended 8/31/2018 | $12.01 | 0.53 | (1.29) | (0.76) | (0.58) | — | (0.58) |
Year Ended 8/31/2017(g) | $11.57 | 0.47 | 0.31 | 0.78 | (0.34) | — | (0.34) |
Year Ended 10/31/2016 | $10.50 | 0.56 | 0.72 | 1.28 | (0.21) | — | (0.21) |
Year Ended 10/31/2015 | $11.32 | 0.53 | (1.11) | (0.58) | (0.23) | (0.01) | (0.24) |
Institutional Class | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.32 | 0.22 | (0.01)(h) | 0.21 | (0.17) | — | (0.17) |
Year Ended 8/31/2020 | $11.30 | 0.49 | (0.09) | 0.40 | (0.38) | — | (0.38) |
Year Ended 8/31/2019 | $10.75 | 0.62 | 0.39 | 1.01 | (0.46) | — | (0.46) |
Year Ended 8/31/2018 | $12.10 | 0.65 | (1.31) | (0.66) | (0.69) | — | (0.69) |
Year Ended 8/31/2017(g) | $11.65 | 0.57 | 0.32 | 0.89 | (0.44) | — | (0.44) |
Year Ended 10/31/2016 | $10.57 | 0.67 | 0.73 | 1.40 | (0.32) | — | (0.32) |
Year Ended 10/31/2015 | $11.37 | 0.64 | (1.11) | (0.47) | (0.32) | (0.01) | (0.33) |
18 | Columbia Emerging Markets Bond Fund | Semiannual 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 | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.35 | 1.74% | 1.11%(d) | 1.11%(d),(e) | 3.60%(d) | 35% | $43,419 |
Year Ended 8/31/2020 | $11.31 | 3.40% | 1.11%(f) | 1.11%(f) | 4.13% | 175% | $46,632 |
Year Ended 8/31/2019 | $11.29 | 9.33% | 1.11%(f) | 1.11%(f) | 5.40% | 106% | $54,778 |
Year Ended 8/31/2018 | $10.74 | (5.97%) | 1.13% | 1.13% | 5.33% | 64% | $61,421 |
Year Ended 8/31/2017(g) | $12.09 | 7.68% | 1.17%(d) | 1.17%(d) | 5.63%(d) | 44% | $77,842 |
Year Ended 10/31/2016 | $11.64 | 13.30% | 1.20% | 1.20% | 5.91% | 44% | $135,877 |
Year Ended 10/31/2015 | $10.56 | (4.39%) | 1.15% | 1.15%(e) | 5.72% | 32% | $136,042 |
Advisor Class | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.37 | 1.86% | 0.86%(d) | 0.86%(d),(e) | 3.85%(d) | 35% | $4,248 |
Year Ended 8/31/2020 | $11.33 | 3.65% | 0.85%(f) | 0.85%(f) | 4.51% | 175% | $4,799 |
Year Ended 8/31/2019 | $11.31 | 9.69% | 0.86%(f) | 0.86%(f) | 5.51% | 106% | $20,141 |
Year Ended 8/31/2018 | $10.75 | (5.80%) | 0.88% | 0.88% | 5.60% | 64% | $8,734 |
Year Ended 8/31/2017(g) | $12.11 | 7.99% | 0.91%(d) | 0.91%(d) | 5.97%(d) | 44% | $8,758 |
Year Ended 10/31/2016 | $11.65 | 13.57% | 0.95% | 0.95% | 6.21% | 44% | $1,964 |
Year Ended 10/31/2015 | $10.57 | (4.19%) | 0.89% | 0.89%(e) | 5.99% | 32% | $1,578 |
Class C | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.27 | 1.37% | 1.86%(d) | 1.86%(d),(e) | 2.85%(d) | 35% | $6,690 |
Year Ended 8/31/2020 | $11.23 | 2.55% | 1.86%(f) | 1.86%(f) | 3.39% | 175% | $8,881 |
Year Ended 8/31/2019 | $11.22 | 8.57% | 1.86%(f) | 1.86%(f) | 4.66% | 106% | $13,374 |
Year Ended 8/31/2018 | $10.67 | (6.63%) | 1.88% | 1.88% | 4.57% | 64% | $16,550 |
Year Ended 8/31/2017(g) | $12.01 | 6.97% | 1.92%(d) | 1.92%(d) | 4.91%(d) | 44% | $20,307 |
Year Ended 10/31/2016 | $11.57 | 12.43% | 1.95% | 1.95% | 5.16% | 44% | $23,714 |
Year Ended 10/31/2015 | $10.50 | (5.11%) | 1.90% | 1.90%(e) | 4.96% | 32% | $31,610 |
Institutional Class | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.36 | 1.87% | 0.87%(d) | 0.87%(d),(e) | 3.85%(d) | 35% | $56,130 |
Year Ended 8/31/2020 | $11.32 | 3.66% | 0.86%(f) | 0.86%(f) | 4.40% | 175% | $51,668 |
Year Ended 8/31/2019 | $11.30 | 9.60% | 0.86%(f) | 0.86%(f) | 5.65% | 106% | $71,443 |
Year Ended 8/31/2018 | $10.75 | (5.72%) | 0.88% | 0.88% | 5.57% | 64% | $81,762 |
Year Ended 8/31/2017(g) | $12.10 | 7.90% | 0.92%(d) | 0.92%(d) | 5.94%(d) | 44% | $94,159 |
Year Ended 10/31/2016 | $11.65 | 13.57% | 0.95% | 0.95% | 6.17% | 44% | $75,526 |
Year Ended 10/31/2015 | $10.57 | (4.10%) | 0.90% | 0.90%(e) | 5.98% | 32% | $79,496 |
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 19 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 2 Class | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.31 | 0.22 | 0.01 | 0.23 | (0.18) | — | (0.18) |
Year Ended 8/31/2020 | $11.30 | 0.49 | (0.09) | 0.40 | (0.39) | — | (0.39) |
Year Ended 8/31/2019 | $10.74 | 0.63 | 0.40 | 1.03 | (0.47) | — | (0.47) |
Year Ended 8/31/2018 | $12.10 | 0.65 | (1.30) | (0.65) | (0.71) | — | (0.71) |
Year Ended 8/31/2017(g) | $11.64 | 0.59 | 0.33 | 0.92 | (0.46) | — | (0.46) |
Year Ended 10/31/2016 | $10.56 | 0.70 | 0.72 | 1.42 | (0.34) | — | (0.34) |
Year Ended 10/31/2015 | $11.37 | 0.66 | (1.12) | (0.46) | (0.34) | (0.01) | (0.35) |
Institutional 3 Class | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.32 | 0.23 | (0.01)(h) | 0.22 | (0.18) | — | (0.18) |
Year Ended 8/31/2020 | $11.30 | 0.50 | (0.09) | 0.41 | (0.39) | — | (0.39) |
Year Ended 8/31/2019 | $10.75 | 0.64 | 0.39 | 1.03 | (0.48) | — | (0.48) |
Year Ended 8/31/2018 | $12.10 | 0.66 | (1.30) | (0.64) | (0.71) | — | (0.71) |
Year Ended 8/31/2017(g) | $11.65 | 0.61 | 0.31 | 0.92 | (0.47) | — | (0.47) |
Year Ended 10/31/2016 | $10.57 | 0.71 | 0.72 | 1.43 | (0.35) | — | (0.35) |
Year Ended 10/31/2015 | $11.38 | 0.67 | (1.12) | (0.45) | (0.35) | (0.01) | (0.36) |
Class R | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.30 | 0.19 | (0.01)(h) | 0.18 | (0.14) | — | (0.14) |
Year Ended 8/31/2020 | $11.29 | 0.42 | (0.09) | 0.33 | (0.32) | — | (0.32) |
Year Ended 8/31/2019 | $10.73 | 0.56 | 0.40 | 0.96 | (0.40) | — | (0.40) |
Year Ended 8/31/2018 | $12.08 | 0.59 | (1.31) | (0.72) | (0.63) | — | (0.63) |
Year Ended 8/31/2017(g) | $11.63 | 0.52 | 0.32 | 0.84 | (0.39) | — | (0.39) |
Year Ended 10/31/2016 | $10.55 | 0.62 | 0.73 | 1.35 | (0.27) | — | (0.27) |
Year Ended 10/31/2015 | $11.37 | 0.59 | (1.12) | (0.53) | (0.28) | (0.01) | (0.29) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Rounds to zero. |
(d) | Annualized. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | Ratios include interest on collateral expense which is less than 0.01%. |
(g) | For the period from November 1, 2016 to August 31, 2017. During the period, the Fund’s fiscal year end was changed from October 31 to August 31. |
(h) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to the timing of subscriptions and redemptions of Fund shares in relation to fluctuations in the market value of the portfolio. |
20 | Columbia Emerging Markets Bond Fund | Semiannual 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 2 Class | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.36 | 2.02% | 0.74%(d) | 0.74%(d) | 3.98%(d) | 35% | $49,032 |
Year Ended 8/31/2020 | $11.31 | 3.69% | 0.73%(f) | 0.73%(f) | 4.44% | 175% | $42,699 |
Year Ended 8/31/2019 | $11.30 | 9.83% | 0.75%(f) | 0.75%(f) | 5.75% | 106% | $35,131 |
Year Ended 8/31/2018 | $10.74 | (5.68%) | 0.75% | 0.74% | 5.60% | 64% | $36,419 |
Year Ended 8/31/2017(g) | $12.10 | 8.18% | 0.76%(d) | 0.75%(d) | 6.10%(d) | 44% | $50,366 |
Year Ended 10/31/2016 | $11.64 | 13.82% | 0.74% | 0.74% | 6.34% | 44% | $18,615 |
Year Ended 10/31/2015 | $10.56 | (4.03%) | 0.72% | 0.72% | 6.19% | 32% | $8,384 |
Institutional 3 Class | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.36 | 1.96% | 0.69%(d) | 0.69%(d) | 4.03%(d) | 35% | $177,081 |
Year Ended 8/31/2020 | $11.32 | 3.83% | 0.68%(f) | 0.68%(f) | 4.53% | 175% | $184,834 |
Year Ended 8/31/2019 | $11.30 | 9.79% | 0.69%(f) | 0.69%(f) | 5.83% | 106% | $182,472 |
Year Ended 8/31/2018 | $10.75 | (5.54%) | 0.70% | 0.69% | 5.72% | 64% | $202,999 |
Year Ended 8/31/2017(g) | $12.10 | 8.13% | 0.71%(d) | 0.70%(d) | 6.17%(d) | 44% | $173,174 |
Year Ended 10/31/2016 | $11.65 | 13.86% | 0.69% | 0.69% | 6.41% | 44% | $3,199 |
Year Ended 10/31/2015 | $10.57 | (3.99%) | 0.67% | 0.67% | 6.23% | 32% | $1,120 |
Class R | |||||||
Six Months Ended 2/28/2021 (Unaudited) | $11.34 | 1.62% | 1.36%(d) | 1.36%(d),(e) | 3.35%(d) | 35% | $20,362 |
Year Ended 8/31/2020 | $11.30 | 3.05% | 1.36%(f) | 1.36%(f) | 3.87% | 175% | $21,748 |
Year Ended 8/31/2019 | $11.29 | 9.16% | 1.36%(f) | 1.36%(f) | 5.15% | 106% | $24,620 |
Year Ended 8/31/2018 | $10.73 | (6.20%) | 1.38% | 1.38% | 5.07% | 64% | $27,218 |
Year Ended 8/31/2017(g) | $12.08 | 7.46% | 1.42%(d) | 1.42%(d) | 5.43%(d) | 44% | $33,057 |
Year Ended 10/31/2016 | $11.63 | 13.03% | 1.45% | 1.45% | 5.64% | 44% | $21,289 |
Year Ended 10/31/2015 | $10.55 | (4.69%) | 1.40% | 1.40%(e) | 5.53% | 32% | $13,281 |
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 21 |
February 28, 2021 (Unaudited)
22 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
February 28, 2021 (Unaudited)
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 23 |
February 28, 2021 (Unaudited)
24 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
February 28, 2021 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | 197,596 |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 86,753* |
Total | 284,349 |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Foreign exchange risk | Unrealized depreciation on forward foreign currency exchange contracts | 2,858 |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 82,302* |
Total | 85,160 |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 25 |
February 28, 2021 (Unaudited)
Amount of realized gain (loss) on derivatives recognized in income | |||
Risk exposure category | Forward foreign currency exchange contracts ($) | Futures contracts ($) | Total ($) |
Foreign exchange risk | (727,714) | — | (727,714) |
Interest rate risk | — | (362,111) | (362,111) |
Total | (727,714) | (362,111) | (1,089,825) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |||
Risk exposure category | Forward foreign currency exchange contracts ($) | Futures contracts ($) | Total ($) |
Foreign exchange risk | 330,419 | — | 330,419 |
Interest rate risk | — | (37,289) | (37,289) |
Total | 330,419 | (37,289) | 293,130 |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 5,873,859 |
Futures contracts — short | 7,763,953 |
Derivative instrument | Average unrealized appreciation ($)* | Average unrealized depreciation ($)* |
Forward foreign currency exchange contracts | 99,246 | (33,567) |
* | Based on the ending quarterly outstanding amounts for the six months ended February 28, 2021. |
Goldman Sachs ($) | UBS ($) | Total ($) | |
Assets | |||
Forward foreign currency exchange contracts | 197,596 | - | 197,596 |
Liabilities | |||
Forward foreign currency exchange contracts | - | 2,858 | 2,858 |
Total financial and derivative net assets | 197,596 | (2,858) | 194,738 |
Total collateral received (pledged) (a) | - | - | - |
Net amount (b) | 197,596 | (2,858) | 194,738 |
(a) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(b) | Represents the net amount due from/(to) counterparties in the event of default. |
26 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
February 28, 2021 (Unaudited)
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 27 |
February 28, 2021 (Unaudited)
28 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
February 28, 2021 (Unaudited)
Effective rate (%) | |
Class A | 0.18 |
Advisor Class | 0.18 |
Class C | 0.18 |
Institutional Class | 0.18 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Class R | 0.18 |
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 29 |
February 28, 2021 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 4.75 | 0.50 - 1.00(a) | 12,569 |
Class C | — | 1.00(b) | 3 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
January 1, 2021 through December 31, 2021 | Prior to January 1, 2021 | |
Class A | 1.18% | 1.16% |
Advisor Class | 0.93 | 0.91 |
Class C | 1.93 | 1.91 |
Institutional Class | 0.93 | 0.91 |
Institutional 2 Class | 0.79 | 0.80 |
Institutional 3 Class | 0.76 | 0.75 |
Class R | 1.43 | 1.41 |
30 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
February 28, 2021 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized (depreciation) ($) |
355,376,000 | 13,238,000 | (18,817,000) | (5,579,000) |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(8,806,436) | (22,768,914) | (31,575,350) |
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Lender | 2,300,000 | 0.65 | 2 |
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 31 |
February 28, 2021 (Unaudited)
32 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
February 28, 2021 (Unaudited)
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 33 |
February 28, 2021 (Unaudited)
34 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
February 28, 2021 (Unaudited)
Columbia Emerging Markets Bond Fund | Semiannual Report 2021 | 35 |
Trustee | Votes for | Votes withheld | Abstentions |
George S. Batejan | 39,328,043,938 | 454,200,292 | 0 |
Kathleen Blatz | 39,337,937,974 | 444,306,256 | 0 |
Pamela G. Carlton | 39,344,288,391 | 437,955,839 | 0 |
Janet Langford Carrig | 39,329,254,400 | 452,989,830 | 0 |
J. Kevin Connaughton | 39,252,004,295 | 530,239,934 | 0 |
Olive M. Darragh | 39,268,887,557 | 513,356,673 | 0 |
Patricia M. Flynn | 39,330,975,954 | 451,268,276 | 0 |
Brian J. Gallagher | 39,331,403,614 | 450,840,615 | 0 |
Douglas A. Hacker | 39,242,844,166 | 539,400,064 | 0 |
Nancy T. Lukitsh | 39,349,165,585 | 433,078,645 | 0 |
David M. Moffett | 39,309,904,442 | 472,339,788 | 0 |
Catherine James Paglia | 39,328,739,370 | 453,504,860 | 0 |
Anthony M. Santomero | 39,306,518,896 | 475,725,334 | 0 |
Minor M. Shaw | 39,303,595,918 | 478,648,312 | 0 |
Natalie A. Trunow | 39,352,416,062 | 429,828,167 | 0 |
Sandra Yeager | 39,356,131,780 | 426,112,449 | 0 |
Christopher O. Petersen | 39,337,621,211 | 444,623,019 | 0 |
36 | Columbia Emerging Markets Bond Fund | Semiannual Report 2021 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
Item 2. Code of Ethics.
Not applicable for semiannual reports.
Item 3. Audit Committee Financial Expert.
Not applicable for semiannual reports.
Item 4. Principal Accountant Fees and Services.
Not applicable for semiannual reports.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments
(a)The registrant's "Schedule I – Investments in securities of unaffiliated issuers" (as set forth in 17 CFR 210.12-12) is included in Item 1 of this Form N-CSR.
(b)Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of directors.
Item 11. Controls and Procedures.
(a)The registrant's principal executive officer and principal financial officer, based on their evaluation of the registrant's disclosure controls and procedures as of a
date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form N-CSR is accumulated and communicated to the registrant's management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
(b)There was no change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 13. Exhibits.
(a)(1) Code of ethics required to be disclosed under Item 2 of Form N-CSR: Not applicable for semiannual reports.
(a)(3) Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized. |
|
| ||
(registrant) |
| Columbia Funds Series Trust II |
| |
By (Signature and Title) | /s/ Christopher O. Petersen | |||
|
|
| Christopher O. Petersen, President and Principal Executive Officer | |
Date |
| April 22, 2021 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) | /s/ Christopher O. Petersen | ||
|
| Christopher O. Petersen, President and Principal Executive Officer | |
Date |
| April 22, 2021 |
|
By (Signature and Title) | /s/ Michael G. Clarke | ||
|
| Michael G. Clarke, Chief Financial Officer, Principal Financial Officer | |
|
| and Senior Vice President | |
Date |
| April 22, 2021 |
|
By (Signature and Title) | /s/ Joseph Beranek | ||
|
| Joseph Beranek, Treasurer, Chief Accounting Officer and Principal | |
|
| Financial Officer | |
Date |
| April 22, 2021 |
|