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)
Daniel J. Beckman
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: October 31
Date of reporting period: April 30, 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.
April 30, 2021
(Unaudited)
Average annual total returns (%) (for the period ended April 30, 2021) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 05/23/94 | 47.92 | 81.45 | 30.81 | 19.79 |
Including sales charges | 39.43 | 71.00 | 29.27 | 19.09 | ||
Advisor Class* | 11/08/12 | 48.12 | 81.91 | 31.14 | 20.05 | |
Class C | Excluding sales charges | 05/27/99 | 47.38 | 80.10 | 29.83 | 18.90 |
Including sales charges | 46.38 | 79.10 | 29.83 | 18.90 | ||
Institutional Class | 09/27/10 | 48.10 | 81.89 | 31.14 | 20.10 | |
Institutional 2 Class | 08/03/09 | 48.14 | 81.97 | 31.22 | 20.22 | |
Institutional 3 Class* | 03/01/17 | 48.19 | 82.09 | 31.22 | 19.98 | |
Class R | 04/30/03 | 47.71 | 80.97 | 30.48 | 19.49 | |
MSCI World Information Technology Index (Net) | 27.25 | 55.87 | 28.62 | 18.75 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 3 |
(Unaudited)
Equity sector breakdown (%) (at April 30, 2021) | |
Communication Services | 9.7 |
Consumer Discretionary | 2.4 |
Health Care | 0.4 |
Industrials | 2.4 |
Information Technology | 85.1 |
Total | 100.0 |
Equity sub-industry breakdown (%) (at April 30, 2021) | |
Information Technology | |
Application Software | 8.7 |
Communications Equipment | 5.9 |
Data Processing & Outsourced Services | 5.5 |
Internet Services & Infrastructure | 1.6 |
IT Consulting & Other Services | 0.4 |
Semiconductor Equipment | 17.6 |
Semiconductors | 19.6 |
Systems Software | 12.5 |
Technology Hardware, Storage & Peripherals | 13.3 |
Total | 85.1 |
Country breakdown (%) (at April 30, 2021) | |
Brazil | 0.8 |
Canada | 0.7 |
Germany | 0.3 |
Israel | 0.5 |
Japan | 1.0 |
Netherlands | 1.4 |
Sweden | 0.7 |
United Kingdom | 0.3 |
United States(a) | 94.3 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
4 | Columbia Seligman Global Technology Fund | Semiannual Report 2021 |
(Unaudited)
November 1, 2020 — April 30, 2021 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,479.20 | 1,018.50 | 7.97 | 6.49 | 1.29 |
Advisor Class | 1,000.00 | 1,000.00 | 1,481.20 | 1,019.75 | 6.43 | 5.24 | 1.04 |
Class C | 1,000.00 | 1,000.00 | 1,473.80 | 1,014.76 | 12.58 | 10.25 | 2.04 |
Institutional Class | 1,000.00 | 1,000.00 | 1,481.00 | 1,019.75 | 6.43 | 5.24 | 1.04 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,481.40 | 1,020.00 | 6.12 | 4.99 | 0.99 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,481.90 | 1,020.24 | 5.82 | 4.73 | 0.94 |
Class R | 1,000.00 | 1,000.00 | 1,477.10 | 1,017.25 | 9.51 | 7.75 | 1.54 |
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 5 |
April 30, 2021 (Unaudited)
Common Stocks 99.0% | ||
Issuer | Shares | Value ($) |
Brazil 0.8% | ||
Boa Vista Servicos SA | 2,164,700 | 5,379,820 |
Pagseguro Digital Ltd., Class A(a) | 228,136 | 10,434,940 |
Total | 15,814,760 | |
Canada 0.7% | ||
Shaw Communications Inc | 455,700 | 13,198,487 |
Germany 0.3% | ||
Vantage Towers AG(a) | 193,314 | 5,986,927 |
Israel 0.5% | ||
Cognyte Software Ltd.(a) | 117,440 | 3,068,707 |
CyberArk Software Ltd.(a) | 41,600 | 5,844,800 |
Total | 8,913,507 | |
Japan 1.0% | ||
Renesas Electronics Corp.(a) | 1,614,500 | 18,805,929 |
Netherlands 1.4% | ||
NXP Semiconductors NV | 134,800 | 25,950,348 |
Sweden 0.7% | ||
Telefonaktiebolaget LM Ericsson, ADR | 882,000 | 12,162,780 |
United Kingdom 0.3% | ||
Vodafone Group PLC, ADR | 307,175 | 5,820,966 |
United States 93.3% | ||
Activision Blizzard, Inc. | 226,194 | 20,626,631 |
Advanced Energy Industries, Inc. | 260,364 | 28,720,753 |
Alphabet, Inc., Class A(a) | 32,625 | 76,782,938 |
Alphabet, Inc., Class C(a) | 19,056 | 45,927,247 |
Analog Devices, Inc. | 134,135 | 20,544,117 |
Apple, Inc. | 718,640 | 94,472,414 |
Applied Materials, Inc. | 545,651 | 72,413,344 |
AppLovin Corp.(a) | 33,987 | 1,971,586 |
Arista Networks, Inc.(a) | 51,238 | 16,148,680 |
Bloom Energy Corp., Class A(a) | 1,498,374 | 38,912,773 |
Broadcom, Inc. | 152,446 | 69,545,865 |
Cerence, Inc.(a) | 271,528 | 26,178,014 |
Cisco Systems, Inc. | 99,400 | 5,060,454 |
Comcast Corp., Class A | 45,200 | 2,537,980 |
CommScope Holding Co., Inc.(a) | 340,820 | 5,606,489 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Cornerstone OnDemand, Inc.(a) | 174,326 | 7,716,540 |
Dell Technologies, Inc.(a) | 277,768 | 27,312,927 |
Dropbox, Inc., Class A(a) | 1,422,964 | 36,570,175 |
DXC Technology Co.(a) | 200,300 | 6,591,873 |
eBay, Inc. | 747,343 | 41,694,266 |
Eiger BioPharmaceuticals, Inc.(a) | 801,500 | 6,804,735 |
F5 Networks, Inc.(a) | 119,000 | 22,224,440 |
Fidelity National Information Services, Inc. | 119,700 | 18,302,130 |
Fiserv, Inc.(a) | 150,958 | 18,133,075 |
Fortinet, Inc.(a) | 160,833 | 32,846,924 |
Global Payments, Inc. | 36,231 | 7,776,260 |
GoDaddy, Inc., Class A(a) | 329,064 | 28,569,336 |
HP, Inc. | 904,918 | 30,866,753 |
Intel Corp. | 267,071 | 15,364,595 |
Lam Research Corp. | 225,264 | 139,765,049 |
Lumentum Holdings, Inc.(a) | 219,550 | 18,672,728 |
Marvell Technology, Inc. | 1,010,158 | 45,669,243 |
Maxim Integrated Products, Inc. | 232,930 | 21,895,420 |
McAfee Corp., Class A | 470,725 | 11,429,203 |
Micron Technology, Inc.(a) | 516,455 | 44,451,282 |
Microsoft Corp. | 247,400 | 62,389,332 |
NetApp, Inc. | 637,400 | 47,607,406 |
NortonLifeLock, Inc. | 1,305,106 | 28,203,341 |
Oracle Corp. | 389,600 | 29,527,784 |
Palo Alto Networks, Inc.(a) | 77,015 | 27,216,331 |
Plantronics, Inc.(a) | 721,451 | 28,850,825 |
Qorvo, Inc.(a) | 53,575 | 10,081,208 |
Rambus, Inc.(a) | 375,300 | 7,123,194 |
SailPoint Technologies Holdings, Inc.(a) | 119,151 | 5,818,143 |
Salesforce.com, Inc.(a) | 74,233 | 17,097,345 |
Sciplay Corp., Class A(a) | 316,485 | 5,585,960 |
SMART Global Holdings, Inc.(a) | 256,941 | 11,857,827 |
Synaptics, Inc.(a) | 496,513 | 69,447,273 |
Synopsys, Inc.(a) | 230,134 | 56,856,906 |
Tenable Holdings, Inc.(a) | 53,339 | 1,999,946 |
Teradyne, Inc. | 659,992 | 82,551,799 |
T-Mobile USA, Inc.(a) | 15,400 | 2,034,802 |
6 | Columbia Seligman Global Technology Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Verint Systems, Inc.(a) | 122,940 | 5,971,196 |
Visa, Inc., Class A | 200,825 | 46,904,687 |
Vizio Holding Corp., Class A(a) | 113,638 | 2,921,633 |
Western Digital Corp.(a) | 638,845 | 45,121,622 |
Xperi Holding Corp. | 1,253,737 | 25,764,295 |
Zendesk, Inc.(a) | 35,400 | 5,173,710 |
Total | 1,734,212,804 | |
Total Common Stocks (Cost $837,101,050) | 1,840,866,508 | |
Money Market Funds 1.1% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.054%(b),(c) | 19,808,814 | 19,806,834 |
Total Money Market Funds (Cost $19,806,834) | 19,806,834 | |
Total Investments in Securities (Cost $856,907,884) | 1,860,673,342 | |
Other Assets & Liabilities, Net | (1,578,503) | |
Net Assets | $1,859,094,839 |
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at April 30, 2021. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended April 30, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.054% | ||||||||
10,750,308 | 139,827,075 | (130,770,549) | — | 19,806,834 | — | 4,164 | 19,808,814 |
ADR | American Depositary Receipt |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 7 |
April 30, 2021 (Unaudited)
Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Investment Manager. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Brazil | 15,814,760 | — | — | 15,814,760 |
Canada | 13,198,487 | — | — | 13,198,487 |
Germany | — | 5,986,927 | — | 5,986,927 |
Israel | 8,913,507 | — | — | 8,913,507 |
Japan | — | 18,805,929 | — | 18,805,929 |
Netherlands | 25,950,348 | — | — | 25,950,348 |
Sweden | 12,162,780 | — | — | 12,162,780 |
United Kingdom | 5,820,966 | — | — | 5,820,966 |
United States | 1,734,212,804 | — | — | 1,734,212,804 |
Total Common Stocks | 1,816,073,652 | 24,792,856 | — | 1,840,866,508 |
Money Market Funds | 19,806,834 | — | — | 19,806,834 |
Total Investments in Securities | 1,835,880,486 | 24,792,856 | — | 1,860,673,342 |
8 | Columbia Seligman Global Technology Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $837,101,050) | $1,840,866,508 |
Affiliated issuers (cost $19,806,834) | 19,806,834 |
Receivable for: | |
Investments sold | 8,755,225 |
Capital shares sold | 985,396 |
Dividends | 116,306 |
Foreign tax reclaims | 46,008 |
Prepaid expenses | 25,325 |
Other assets | 29,626 |
Total assets | 1,870,631,228 |
Liabilities | |
Payable for: | |
Investments purchased | 10,740,309 |
Capital shares purchased | 460,026 |
Management services fees | 47,283 |
Distribution and/or service fees | 13,093 |
Transfer agent fees | 164,033 |
Compensation of board members | 81,954 |
Other expenses | 29,691 |
Total liabilities | 11,536,389 |
Net assets applicable to outstanding capital stock | $1,859,094,839 |
Represented by | |
Paid in capital | 698,333,435 |
Total distributable earnings (loss) | 1,160,761,404 |
Total - representing net assets applicable to outstanding capital stock | $1,859,094,839 |
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 9 |
April 30, 2021 (Unaudited)
Class A | |
Net assets | $1,218,414,908 |
Shares outstanding | 18,058,265 |
Net asset value per share | $67.47 |
Maximum sales charge | 5.75% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $71.59 |
Advisor Class | |
Net assets | $47,212,555 |
Shares outstanding | 667,823 |
Net asset value per share | $70.70 |
Class C | |
Net assets | $89,630,144 |
Shares outstanding | 1,926,381 |
Net asset value per share | $46.53 |
Institutional Class | |
Net assets | $303,645,379 |
Shares outstanding | 4,385,495 |
Net asset value per share | $69.24 |
Institutional 2 Class | |
Net assets | $38,703,545 |
Shares outstanding | 555,014 |
Net asset value per share | $69.73 |
Institutional 3 Class | |
Net assets | $13,823,587 |
Shares outstanding | 199,748 |
Net asset value per share | $69.21 |
Class R | |
Net assets | $147,664,721 |
Shares outstanding | 2,304,572 |
Net asset value per share | $64.07 |
10 | Columbia Seligman Global Technology Fund | Semiannual Report 2021 |
Six Months Ended April 30, 2021 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $9,681,794 |
Dividends — affiliated issuers | 4,164 |
Foreign taxes withheld | (50,338) |
Total income | 9,635,620 |
Expenses: | |
Management services fees | 7,756,665 |
Distribution and/or service fees | |
Class A | 1,396,571 |
Class C | 443,735 |
Class R | 323,364 |
Transfer agent fees | |
Class A | 598,062 |
Advisor Class | 23,701 |
Class C | 47,522 |
Institutional Class | 149,111 |
Institutional 2 Class | 10,526 |
Institutional 3 Class | 421 |
Class R | 69,167 |
Compensation of board members | 32,412 |
Custodian fees | 14,686 |
Printing and postage fees | 36,215 |
Registration fees | 65,397 |
Audit fees | 15,048 |
Legal fees | 9,361 |
Interest on interfund lending | 1,014 |
Compensation of chief compliance officer | 127 |
Other | 68,783 |
Total expenses | 11,061,888 |
Net investment loss | (1,426,268) |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 163,317,668 |
Foreign currency translations | 8,590 |
Options purchased | 481,763 |
Options contracts written | 478,955 |
Net realized gain | 164,286,976 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 459,426,383 |
Foreign currency translations | 890 |
Options contracts written | (200,084) |
Net change in unrealized appreciation (depreciation) | 459,227,189 |
Net realized and unrealized gain | 623,514,165 |
Net increase in net assets resulting from operations | $622,087,897 |
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 11 |
Six Months Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |
Operations | ||
Net investment income (loss) | $(1,426,268) | $4,373,763 |
Net realized gain | 164,286,976 | 148,113,478 |
Net change in unrealized appreciation (depreciation) | 459,227,189 | 120,554,676 |
Net increase in net assets resulting from operations | 622,087,897 | 273,041,917 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (99,168,703) | (81,704,120) |
Advisor Class | (3,858,185) | (2,783,843) |
Class C | (11,167,127) | (9,007,829) |
Institutional Class | (24,933,596) | (20,864,004) |
Institutional 2 Class | (3,276,290) | (3,007,246) |
Institutional 3 Class | (973,568) | (311,545) |
Class R | (11,462,223) | (7,076,855) |
Total distributions to shareholders | (154,839,692) | (124,755,442) |
Increase (decrease) in net assets from capital stock activity | 66,766,609 | (27,052,685) |
Total increase in net assets | 534,014,814 | 121,233,790 |
Net assets at beginning of period | 1,325,080,025 | 1,203,846,235 |
Net assets at end of period | $1,859,094,839 | $1,325,080,025 |
12 | Columbia Seligman Global Technology Fund | Semiannual Report 2021 |
Six Months Ended | Year Ended | |||
April 30, 2021 (Unaudited) | October 31, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 689,793 | 43,000,065 | 1,414,409 | 62,783,565 |
Distributions reinvested | 1,666,250 | 92,943,429 | 1,814,017 | 76,206,868 |
Redemptions | (1,490,320) | (91,457,030) | (3,975,677) | (172,565,476) |
Net increase (decrease) | 865,723 | 44,486,464 | (747,251) | (33,575,043) |
Advisor Class | ||||
Subscriptions | 127,958 | 7,917,038 | 222,072 | 10,621,587 |
Distributions reinvested | 48,822 | 2,850,692 | 49,108 | 2,148,488 |
Redemptions | (111,517) | (7,348,012) | (258,599) | (11,810,503) |
Net increase | 65,263 | 3,419,718 | 12,581 | 959,572 |
Class C | ||||
Subscriptions | 134,425 | 5,919,774 | 273,946 | 8,650,735 |
Distributions reinvested | 280,468 | 10,820,475 | 276,499 | 8,405,555 |
Redemptions | (484,736) | (21,309,627) | (680,733) | (21,676,832) |
Net decrease | (69,843) | (4,569,378) | (130,288) | (4,620,542) |
Institutional Class | ||||
Subscriptions | 425,058 | 27,557,523 | 1,162,722 | 53,589,147 |
Distributions reinvested | 426,486 | 24,390,767 | 475,883 | 20,434,405 |
Redemptions | (748,000) | (47,180,459) | (1,833,216) | (81,865,164) |
Net increase (decrease) | 103,544 | 4,767,831 | (194,611) | (7,841,612) |
Institutional 2 Class | ||||
Subscriptions | 80,754 | 5,154,144 | 276,881 | 12,751,006 |
Distributions reinvested | 54,707 | 3,150,553 | 65,876 | 2,845,820 |
Redemptions | (167,423) | (10,453,199) | (431,079) | (20,713,864) |
Net decrease | (31,962) | (2,148,502) | (88,322) | (5,117,038) |
Institutional 3 Class | ||||
Subscriptions | 39,357 | 2,564,161 | 111,232 | 5,551,294 |
Distributions reinvested | 17,031 | 973,149 | 7,256 | 311,216 |
Redemptions | (19,013) | (1,194,532) | (25,364) | (1,143,331) |
Net increase | 37,375 | 2,342,778 | 93,124 | 4,719,179 |
Class R | ||||
Subscriptions | 348,737 | 20,986,357 | 868,200 | 37,185,985 |
Distributions reinvested | 215,796 | 11,443,659 | 174,176 | 6,993,177 |
Redemptions | (234,074) | (13,962,318) | (606,738) | (25,756,363) |
Net increase | 330,459 | 18,467,698 | 435,638 | 18,422,799 |
Total net increase (decrease) | 1,300,559 | 66,766,609 | (619,129) | (27,052,685) |
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 13 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $50.39 | (0.05) | 22.97 | 22.92 | (0.16) | (5.68) | (5.84) |
Year Ended 10/31/2020 | $44.67 | 0.16 | 10.14 | 10.30 | — | (4.58) | (4.58) |
Year Ended 10/31/2019 | $38.52 | (0.07) | 10.28 | 10.21 | — | (4.06) | (4.06) |
Year Ended 10/31/2018 | $43.04 | (0.14) | (1.53) | (1.67) | — | (2.85) | (2.85) |
Year Ended 10/31/2017 | $32.85 | (0.17) | 12.91 | 12.74 | — | (2.55) | (2.55) |
Year Ended 10/31/2016 | $30.77 | (0.15) | 4.58 | 4.43 | — | (2.35) | (2.35) |
Advisor Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $52.60 | 0.03 | 24.03 | 24.06 | (0.28) | (5.68) | (5.96) |
Year Ended 10/31/2020 | $46.42 | 0.29 | 10.56 | 10.85 | — | (4.67) | (4.67) |
Year Ended 10/31/2019 | $39.89 | 0.03 | 10.67 | 10.70 | — | (4.17) | (4.17) |
Year Ended 10/31/2018 | $44.45 | (0.04) | (1.58) | (1.62) | — | (2.94) | (2.94) |
Year Ended 10/31/2017 | $33.84 | (0.09) | 13.32 | 13.23 | — | (2.62) | (2.62) |
Year Ended 10/31/2016 | $31.63 | (0.15) | 4.78 | 4.63 | (0.00) | (2.42) | (2.42) |
Class C | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $36.22 | (0.20) | 16.19 | 15.99 | — | (5.68) | (5.68) |
Year Ended 10/31/2020 | $33.28 | (0.13) | 7.35 | 7.22 | — | (4.28) | (4.28) |
Year Ended 10/31/2019 | $29.66 | (0.27) | 7.65 | 7.38 | — | (3.76) | (3.76) |
Year Ended 10/31/2018 | $33.77 | (0.35) | (1.17) | (1.52) | — | (2.59) | (2.59) |
Year Ended 10/31/2017 | $26.27 | (0.35) | 10.18 | 9.83 | — | (2.33) | (2.33) |
Year Ended 10/31/2016 | $25.04 | (0.30) | 3.66 | 3.36 | — | (2.13) | (2.13) |
Institutional Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $51.62 | 0.03 | 23.55 | 23.58 | (0.28) | (5.68) | (5.96) |
Year Ended 10/31/2020 | $45.64 | 0.29 | 10.36 | 10.65 | — | (4.67) | (4.67) |
Year Ended 10/31/2019 | $39.29 | 0.04 | 10.48 | 10.52 | — | (4.17) | (4.17) |
Year Ended 10/31/2018 | $43.82 | (0.04) | (1.55) | (1.59) | — | (2.94) | (2.94) |
Year Ended 10/31/2017 | $33.40 | (0.10) | 13.14 | 13.04 | — | (2.62) | (2.62) |
Year Ended 10/31/2016 | $31.24 | (0.08) | 4.66 | 4.58 | — | (2.42) | (2.42) |
Institutional 2 Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $51.96 | 0.04 | 23.71 | 23.75 | (0.30) | (5.68) | (5.98) |
Year Ended 10/31/2020 | $45.91 | 0.28 | 10.47 | 10.75 | — | (4.70) | (4.70) |
Year Ended 10/31/2019 | $39.49 | 0.06 | 10.55 | 10.61 | — | (4.19) | (4.19) |
Year Ended 10/31/2018 | $44.04 | (0.02) | (1.57) | (1.59) | — | (2.96) | (2.96) |
Year Ended 10/31/2017 | $33.57 | (0.08) | 13.21 | 13.13 | — | (2.66) | (2.66) |
Year Ended 10/31/2016 | $31.40 | (0.07) | 4.71 | 4.64 | — | (2.47) | (2.47) |
14 | Columbia Seligman Global Technology 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 (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $67.47 | 47.92% | 1.29%(c),(d) | 1.29%(c),(d) | (0.16%)(c) | 17% | $1,218,415 |
Year Ended 10/31/2020 | $50.39 | 25.09% | 1.31%(d),(e) | 1.31%(d),(e),(f) | 0.35% | 38% | $866,318 |
Year Ended 10/31/2019 | $44.67 | 30.23% | 1.32%(d),(e) | 1.32%(d),(e),(f) | (0.17%) | 43% | $801,352 |
Year Ended 10/31/2018 | $38.52 | (4.06%) | 1.32%(d) | 1.32%(d),(f) | (0.34%) | 42% | $702,652 |
Year Ended 10/31/2017 | $43.04 | 41.53% | 1.33% | 1.33%(f) | (0.47%) | 53% | $760,937 |
Year Ended 10/31/2016 | $32.85 | 15.54% | 1.40% | 1.40%(f) | (0.51%) | 55% | $525,860 |
Advisor Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $70.70 | 48.12% | 1.04%(c),(d) | 1.04%(c),(d) | 0.09%(c) | 17% | $47,213 |
Year Ended 10/31/2020 | $52.60 | 25.41% | 1.06%(d),(e) | 1.06%(d),(e),(f) | 0.62% | 38% | $31,695 |
Year Ended 10/31/2019 | $46.42 | 30.52% | 1.07%(d),(e) | 1.07%(d),(e),(f) | 0.07% | 43% | $27,389 |
Year Ended 10/31/2018 | $39.89 | (3.81%) | 1.07%(d) | 1.07%(d),(f) | (0.09%) | 42% | $21,927 |
Year Ended 10/31/2017 | $44.45 | 41.87% | 1.08% | 1.08%(f) | (0.24%) | 53% | $20,140 |
Year Ended 10/31/2016 | $33.84 | 15.81% | 1.15% | 1.15%(f) | (0.47%) | 55% | $4,915 |
Class C | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $46.53 | 47.38% | 2.04%(c),(d) | 2.04%(c),(d) | (0.91%)(c) | 17% | $89,630 |
Year Ended 10/31/2020 | $36.22 | 24.17% | 2.06%(d),(e) | 2.06%(d),(e),(f) | (0.39%) | 38% | $72,302 |
Year Ended 10/31/2019 | $33.28 | 29.21% | 2.07%(d),(e) | 2.07%(d),(e),(f) | (0.91%) | 43% | $70,777 |
Year Ended 10/31/2018 | $29.66 | (4.78%) | 2.06%(d) | 2.06%(d),(f) | (1.09%) | 42% | $68,853 |
Year Ended 10/31/2017 | $33.77 | 40.49% | 2.08% | 2.08%(f) | (1.22%) | 53% | $141,591 |
Year Ended 10/31/2016 | $26.27 | 14.63% | 2.15% | 2.15%(f) | (1.26%) | 55% | $101,739 |
Institutional Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $69.24 | 48.10% | 1.04%(c),(d) | 1.04%(c),(d) | 0.09%(c) | 17% | $303,645 |
Year Ended 10/31/2020 | $51.62 | 25.41% | 1.06%(d),(e) | 1.06%(d),(e),(f) | 0.62% | 38% | $221,018 |
Year Ended 10/31/2019 | $45.64 | 30.53% | 1.07%(d),(e) | 1.07%(d),(e),(f) | 0.09% | 43% | $204,305 |
Year Ended 10/31/2018 | $39.29 | (3.79%) | 1.07%(d) | 1.07%(d),(f) | (0.09%) | 42% | $208,865 |
Year Ended 10/31/2017 | $43.82 | 41.85% | 1.08% | 1.08%(f) | (0.26%) | 53% | $234,123 |
Year Ended 10/31/2016 | $33.40 | 15.85% | 1.15% | 1.15%(f) | (0.25%) | 55% | $47,809 |
Institutional 2 Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $69.73 | 48.14% | 0.99%(c),(d) | 0.99%(c),(d) | 0.14%(c) | 17% | $38,704 |
Year Ended 10/31/2020 | $51.96 | 25.49% | 1.00%(d),(e) | 1.00%(d),(e) | 0.60% | 38% | $30,500 |
Year Ended 10/31/2019 | $45.91 | 30.63% | 1.00%(d),(e) | 1.00%(d),(e) | 0.14% | 43% | $31,006 |
Year Ended 10/31/2018 | $39.49 | (3.77%) | 1.02%(d) | 1.02%(d) | (0.04%) | 42% | $22,531 |
Year Ended 10/31/2017 | $44.04 | 41.95% | 1.02% | 1.02% | (0.20%) | 53% | $16,310 |
Year Ended 10/31/2016 | $33.57 | 15.97% | 1.02% | 1.02% | (0.23%) | 55% | $2,735 |
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 15 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $51.61 | 0.06 | 23.54 | 23.60 | (0.32) | (5.68) | (6.00) |
Year Ended 10/31/2020 | $45.63 | 0.24 | 10.45 | 10.69 | — | (4.71) | (4.71) |
Year Ended 10/31/2019 | $39.28 | 0.07 | 10.49 | 10.56 | — | (4.21) | (4.21) |
Year Ended 10/31/2018 | $43.81 | 0.01 | (1.56) | (1.55) | — | (2.98) | (2.98) |
Year Ended 10/31/2017(g) | $35.81 | (0.06) | 8.06 | 8.00 | — | — | — |
Class R | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $48.06 | (0.12) | 21.86 | 21.74 | (0.05) | (5.68) | (5.73) |
Year Ended 10/31/2020 | $42.81 | 0.02 | 9.71 | 9.73 | — | (4.48) | (4.48) |
Year Ended 10/31/2019 | $37.07 | (0.16) | 9.86 | 9.70 | — | (3.96) | (3.96) |
Year Ended 10/31/2018 | $41.53 | (0.23) | (1.47) | (1.70) | — | (2.76) | (2.76) |
Year Ended 10/31/2017 | $31.79 | (0.26) | 12.48 | 12.22 | — | (2.48) | (2.48) |
Year Ended 10/31/2016 | $29.85 | (0.22) | 4.44 | 4.22 | — | (2.28) | (2.28) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | Ratios include interfund lending expense which is less than 0.01%. |
(e) | Ratios include line of credit interest expense which is less than 0.01%. |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(g) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
16 | Columbia Seligman Global Technology 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 (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Institutional 3 Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $69.21 | 48.19% | 0.94%(c),(d) | 0.94%(c),(d) | 0.18%(c) | 17% | $13,824 |
Year Ended 10/31/2020 | $51.61 | 25.54% | 0.96%(d),(e) | 0.96%(d),(e) | 0.50% | 38% | $8,380 |
Year Ended 10/31/2019 | $45.63 | 30.69% | 0.96%(d),(e) | 0.96%(d),(e) | 0.17% | 43% | $3,160 |
Year Ended 10/31/2018 | $39.28 | (3.71%) | 0.97%(d) | 0.97%(d) | 0.03% | 42% | $1,595 |
Year Ended 10/31/2017(g) | $43.81 | 22.34% | 0.98%(c) | 0.98%(c) | (0.38%)(c) | 53% | $130 |
Class R | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $64.07 | 47.71% | 1.54%(c),(d) | 1.54%(c),(d) | (0.41%)(c) | 17% | $147,665 |
Year Ended 10/31/2020 | $48.06 | 24.79% | 1.56%(d),(e) | 1.56%(d),(e),(f) | 0.05% | 38% | $94,867 |
Year Ended 10/31/2019 | $42.81 | 29.89% | 1.57%(d),(e) | 1.57%(d),(e),(f) | (0.43%) | 43% | $65,858 |
Year Ended 10/31/2018 | $37.07 | (4.29%) | 1.57%(d) | 1.57%(d),(f) | (0.58%) | 42% | $42,778 |
Year Ended 10/31/2017 | $41.53 | 41.16% | 1.58% | 1.58%(f) | (0.74%) | 53% | $24,728 |
Year Ended 10/31/2016 | $31.79 | 15.25% | 1.65% | 1.65%(f) | (0.75%) | 55% | $9,878 |
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 17 |
April 30, 2021 (Unaudited)
18 | Columbia Seligman Global Technology Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 19 |
April 30, 2021 (Unaudited)
20 | Columbia Seligman Global Technology Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Amount of realized gain (loss) on derivatives recognized in income | |||
Risk exposure category | Options contracts written ($) | Options contracts purchased ($) | Total ($) |
Equity risk | 478,955 | 481,763 | 960,718 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Options contracts written ($) |
Equity risk | (200,084) |
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 21 |
April 30, 2021 (Unaudited)
Derivative instrument | Average value ($)* |
Options contracts — purchased | 47,600 |
Options contracts — written | (55,861) |
* | Based on the ending daily outstanding amounts for the six months ended April 30, 2021. |
22 | Columbia Seligman Global Technology Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 23 |
April 30, 2021 (Unaudited)
Effective rate (%) | |
Class A | 0.11 |
Advisor Class | 0.11 |
Class C | 0.11 |
Institutional Class | 0.11 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Class R | 0.11 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a),(b) | 226,802 |
Class C | — | 1.00(a),(b) | 2,095 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
24 | Columbia Seligman Global Technology Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
March 1, 2021 through February 28, 2022 | Prior to March 1, 2021 | |
Class A | 1.32% | 1.33% |
Advisor Class | 1.07 | 1.08 |
Class C | 2.07 | 2.08 |
Institutional Class | 1.07 | 1.08 |
Institutional 2 Class | 1.02 | 1.02 |
Institutional 3 Class | 0.97 | 0.97 |
Class R | 1.57 | 1.58 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
856,908,000 | 1,017,734,000 | (13,969,000) | 1,003,765,000 |
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 25 |
April 30, 2021 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 2,705,263 | 0.71 | 19 |
26 | Columbia Seligman Global Technology Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 27 |
April 30, 2021 (Unaudited)
28 | Columbia Seligman Global Technology Fund | Semiannual Report 2021 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
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 |
Columbia Seligman Global Technology Fund | Semiannual Report 2021 | 29 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
April 30, 2021
(Unaudited)
Average annual total returns (%) (for the period ended April 30, 2021) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 05/29/90 | 23.11 | 40.66 | 18.72 | 11.50 |
Including sales charges | 16.04 | 32.53 | 17.32 | 10.85 | ||
Advisor Class* | 03/01/18 | 23.24 | 40.94 | 18.92 | 11.59 | |
Class C | Excluding sales charges | 06/26/00 | 22.67 | 39.67 | 17.85 | 10.67 |
Including sales charges | 21.67 | 38.67 | 17.85 | 10.67 | ||
Institutional Class | 09/27/10 | 23.21 | 41.00 | 19.02 | 11.77 | |
Institutional 2 Class | 12/11/06 | 23.26 | 41.14 | 19.12 | 11.91 | |
Institutional 3 Class* | 03/01/17 | 23.32 | 41.09 | 19.10 | 11.68 | |
Class R | 12/11/06 | 22.92 | 40.37 | 18.44 | 11.22 | |
MSCI ACWI (Net) | 28.29 | 45.75 | 13.85 | 9.17 |
* | The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information. |
Columbia Select Global Equity Fund | Semiannual Report 2021 | 3 |
(Unaudited)
Equity sector breakdown (%) (at April 30, 2021) | |
Communication Services | 14.1 |
Consumer Discretionary | 9.3 |
Consumer Staples | 2.3 |
Financials | 8.9 |
Health Care | 18.5 |
Industrials | 3.7 |
Information Technology | 40.1 |
Materials | 2.0 |
Real Estate | 1.1 |
Total | 100.0 |
Country breakdown (%) (at April 30, 2021) | |
Argentina | 0.5 |
China | 1.6 |
Denmark | 3.3 |
France | 3.0 |
Germany | 0.9 |
Hong Kong | 2.8 |
India | 1.8 |
Japan | 8.0 |
Netherlands | 2.9 |
South Korea | 2.9 |
Switzerland | 3.6 |
Taiwan | 2.8 |
United Kingdom | 2.0 |
United States(a) | 63.9 |
Total | 100.0 |
(a) | Includes investments in Money Market Funds. |
4 | Columbia Select Global Equity Fund | Semiannual Report 2021 |
(Unaudited)
November 1, 2020 — April 30, 2021 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,231.10 | 1,018.70 | 6.95 | 6.29 | 1.25 |
Advisor Class | 1,000.00 | 1,000.00 | 1,232.40 | 1,019.95 | 5.57 | 5.04 | 1.00 |
Class C | 1,000.00 | 1,000.00 | 1,226.70 | 1,014.96 | 11.10 | 10.05 | 2.00 |
Institutional Class | 1,000.00 | 1,000.00 | 1,232.10 | 1,019.95 | 5.56 | 5.04 | 1.00 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,232.60 | 1,020.14 | 5.34 | 4.84 | 0.96 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,233.20 | 1,020.39 | 5.07 | 4.58 | 0.91 |
Class R | 1,000.00 | 1,000.00 | 1,229.20 | 1,017.45 | 8.34 | 7.54 | 1.50 |
Columbia Select Global Equity Fund | Semiannual Report 2021 | 5 |
April 30, 2021 (Unaudited)
Common Stocks 98.7% | ||
Issuer | Shares | Value ($) |
Argentina 0.5% | ||
MercadoLibre, Inc.(a) | 2,596 | 4,078,264 |
China 1.6% | ||
Tencent Holdings Ltd. | 158,600 | 12,651,845 |
Denmark 3.3% | ||
Novo Nordisk A/S, Class B | 136,353 | 10,058,418 |
Tryg AS | 682,511 | 15,606,912 |
Total | 25,665,330 | |
France 3.0% | ||
L’Oreal SA | 19,526 | 7,995,319 |
LVMH Moet Hennessy Louis Vuitton SE | 20,561 | 15,489,640 |
Total | 23,484,959 | |
Germany 0.9% | ||
Siemens Healthineers AG | 115,973 | 6,627,450 |
Hong Kong 2.8% | ||
AIA Group Ltd. | 1,173,800 | 14,898,545 |
Techtronic Industries Co., Ltd. | 380,500 | 6,904,086 |
Total | 21,802,631 | |
India 1.8% | ||
HDFC Bank Ltd.(a) | 377,693 | 7,176,159 |
Kotak Mahindra Bank Ltd.(a) | 294,809 | 6,941,272 |
Total | 14,117,431 | |
Japan 8.0% | ||
Disco Corp. | 33,800 | 10,914,736 |
Hoya Corp. | 191,600 | 21,778,273 |
Keyence Corp. | 34,500 | 16,561,831 |
Recruit Holdings Co., Ltd. | 286,300 | 12,908,549 |
Total | 62,163,389 | |
Netherlands 2.9% | ||
ASML Holding NV | 14,128 | 9,171,078 |
Koninklijke Philips NV(a) | 231,370 | 13,082,390 |
Total | 22,253,468 | |
South Korea 2.9% | ||
Samsung Electronics Co., Ltd. | 305,956 | 22,299,750 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Switzerland 3.6% | ||
Lonza Group AG, Registered Shares | 16,745 | 10,645,038 |
Nestlé SA, Registered Shares | 81,010 | 9,666,980 |
TE Connectivity Ltd. | 58,638 | 7,885,052 |
Total | 28,197,070 | |
Taiwan 2.9% | ||
Sea Ltd. ADR(a) | 31,061 | 7,844,145 |
Taiwan Semiconductor Manufacturing Co., Ltd. | 675,000 | 14,215,246 |
Total | 22,059,391 | |
United Kingdom 2.0% | ||
Linde PLC | 53,144 | 15,190,540 |
United States 62.5% | ||
Abbott Laboratories | 115,842 | 13,910,307 |
Activision Blizzard, Inc. | 112,198 | 10,231,336 |
Adobe, Inc.(a) | 75,136 | 38,194,634 |
Alphabet, Inc., Class A(a) | 19,844 | 46,702,854 |
Amazon.com, Inc.(a) | 14,898 | 51,657,623 |
American Tower Corp. | 33,375 | 8,502,949 |
ANSYS, Inc.(a) | 23,510 | 8,596,667 |
CME Group, Inc. | 55,397 | 11,189,640 |
Comcast Corp., Class A | 253,543 | 14,236,439 |
Danaher Corp. | 47,241 | 11,996,380 |
Edwards Lifesciences Corp.(a) | 132,188 | 12,626,598 |
Facebook, Inc., Class A(a) | 48,995 | 15,927,295 |
Intuit, Inc. | 90,082 | 37,128,197 |
Lam Research Corp. | 24,766 | 15,366,065 |
MasterCard, Inc., Class A | 105,512 | 40,311,915 |
Microsoft Corp. | 235,762 | 59,454,461 |
NVIDIA Corp. | 25,206 | 15,133,178 |
PayPal Holdings, Inc.(a) | 41,339 | 10,842,806 |
S&P Global, Inc. | 31,425 | 12,268,006 |
Stryker Corp. | 31,034 | 8,150,459 |
Thermo Fisher Scientific, Inc. | 69,837 | 32,839,452 |
6 | Columbia Select Global Equity Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
TransUnion | 82,006 | 8,577,008 |
Total | 483,844,269 | |
Total Common Stocks (Cost $466,372,084) | 764,435,787 | |
Money Market Funds 1.6% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.054%(b),(c) | 12,207,844 | 12,206,624 |
Total Money Market Funds (Cost $12,206,624) | 12,206,624 | |
Total Investments in Securities (Cost $478,578,708) | 776,642,411 | |
Other Assets & Liabilities, Net | (2,076,977) | |
Net Assets | $774,565,434 |
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at April 30, 2021. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended April 30, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.054% | ||||||||
8,787,795 | 102,923,402 | (99,504,573) | — | 12,206,624 | — | 5,714 | 12,207,844 |
ADR | American Depositary Receipt |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Columbia Select Global Equity Fund | Semiannual Report 2021 | 7 |
April 30, 2021 (Unaudited)
Foreign equity securities actively traded in markets where there is a significant delay in the local close relative to the New York Stock Exchange are classified as Level 2. The values of these securities may include an adjustment to reflect the impact of market movements following the close of local trading, as described in Note 2 to the financial statements – Security valuation.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Argentina | 4,078,264 | — | — | 4,078,264 |
China | — | 12,651,845 | — | 12,651,845 |
Denmark | — | 25,665,330 | — | 25,665,330 |
France | — | 23,484,959 | — | 23,484,959 |
Germany | — | 6,627,450 | — | 6,627,450 |
Hong Kong | — | 21,802,631 | — | 21,802,631 |
India | — | 14,117,431 | — | 14,117,431 |
Japan | — | 62,163,389 | — | 62,163,389 |
Netherlands | — | 22,253,468 | — | 22,253,468 |
South Korea | — | 22,299,750 | — | 22,299,750 |
Switzerland | 7,885,052 | 20,312,018 | — | 28,197,070 |
Taiwan | 7,844,145 | 14,215,246 | — | 22,059,391 |
United Kingdom | — | 15,190,540 | — | 15,190,540 |
United States | 483,844,269 | — | — | 483,844,269 |
Total Common Stocks | 503,651,730 | 260,784,057 | — | 764,435,787 |
Money Market Funds | 12,206,624 | — | — | 12,206,624 |
Total Investments in Securities | 515,858,354 | 260,784,057 | — | 776,642,411 |
8 | Columbia Select Global Equity Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $466,372,084) | $764,435,787 |
Affiliated issuers (cost $12,206,624) | 12,206,624 |
Foreign currency (cost $72) | 73 |
Receivable for: | |
Capital shares sold | 237,779 |
Dividends | 490,777 |
Foreign tax reclaims | 386,404 |
Prepaid expenses | 15,864 |
Other assets | 19,604 |
Total assets | 777,792,912 |
Liabilities | |
Due to custodian | 471 |
Payable for: | |
Investments purchased | 2,170,143 |
Capital shares purchased | 452,730 |
Foreign capital gains taxes deferred | 327,586 |
Management services fees | 18,172 |
Distribution and/or service fees | 4,544 |
Transfer agent fees | 50,421 |
Compensation of board members | 187,380 |
Other expenses | 16,031 |
Total liabilities | 3,227,478 |
Net assets applicable to outstanding capital stock | $774,565,434 |
Represented by | |
Paid in capital | 427,436,314 |
Total distributable earnings (loss) | 347,129,120 |
Total - representing net assets applicable to outstanding capital stock | $774,565,434 |
Columbia Select Global Equity Fund | Semiannual Report 2021 | 9 |
April 30, 2021 (Unaudited)
Class A | |
Net assets | $561,675,798 |
Shares outstanding | 29,906,875 |
Net asset value per share | $18.78 |
Maximum sales charge | 5.75% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $19.93 |
Advisor Class | |
Net assets | $13,169,089 |
Shares outstanding | 678,307 |
Net asset value per share | $19.41 |
Class C | |
Net assets | $21,093,653 |
Shares outstanding | 1,307,933 |
Net asset value per share | $16.13 |
Institutional Class | |
Net assets | $139,801,708 |
Shares outstanding | 7,315,126 |
Net asset value per share | $19.11 |
Institutional 2 Class | |
Net assets | $9,213,112 |
Shares outstanding | 479,402 |
Net asset value per share | $19.22 |
Institutional 3 Class | |
Net assets | $24,646,975 |
Shares outstanding | 1,300,916 |
Net asset value per share | $18.95 |
Class R | |
Net assets | $4,965,099 |
Shares outstanding | 265,970 |
Net asset value per share | $18.67 |
10 | Columbia Select Global Equity Fund | Semiannual Report 2021 |
Six Months Ended April 30, 2021 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $3,387,637 |
Dividends — affiliated issuers | 5,714 |
Foreign taxes withheld | (277,955) |
Total income | 3,115,396 |
Expenses: | |
Management services fees | 3,075,686 |
Distribution and/or service fees | |
Class A | 656,429 |
Class C | 110,823 |
Class R | 11,776 |
Transfer agent fees | |
Class A | 250,385 |
Advisor Class | 6,330 |
Class C | 10,565 |
Institutional Class | 61,642 |
Institutional 2 Class | 2,313 |
Institutional 3 Class | 707 |
Class R | 2,247 |
Compensation of board members | 49,065 |
Custodian fees | 22,360 |
Printing and postage fees | 27,077 |
Registration fees | 66,702 |
Audit fees | 16,779 |
Legal fees | 6,213 |
Compensation of chief compliance officer | 56 |
Other | 26,334 |
Total expenses | 4,403,489 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (179) |
Total net expenses | 4,403,310 |
Net investment loss | (1,287,914) |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 52,963,614 |
Foreign currency translations | 39,133 |
Net realized gain | 53,002,747 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 94,552,164 |
Foreign currency translations | (7,245) |
Foreign capital gains tax | (48,363) |
Net change in unrealized appreciation (depreciation) | 94,496,556 |
Net realized and unrealized gain | 147,499,303 |
Net increase in net assets resulting from operations | $146,211,389 |
Columbia Select Global Equity Fund | Semiannual Report 2021 | 11 |
Six Months Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |
Operations | ||
Net investment loss | $(1,287,914) | $(1,953,622) |
Net realized gain | 53,002,747 | 57,744,449 |
Net change in unrealized appreciation (depreciation) | 94,496,556 | 34,816,291 |
Net increase in net assets resulting from operations | 146,211,389 | 90,607,118 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (41,308,867) | (11,149,300) |
Advisor Class | (1,043,621) | (10,336) |
Class C | (2,004,335) | (354,657) |
Institutional Class | (10,218,581) | (1,670,370) |
Institutional 2 Class | (604,207) | (100,218) |
Institutional 3 Class | (1,708,506) | (1,671,584) |
Class R | (368,395) | (34,563) |
Total distributions to shareholders | (57,256,512) | (14,991,028) |
Increase in net assets from capital stock activity | 51,854,252 | 79,243,703 |
Total increase in net assets | 140,809,129 | 154,859,793 |
Net assets at beginning of period | 633,756,305 | 478,896,512 |
Net assets at end of period | $774,565,434 | $633,756,305 |
12 | Columbia Select Global Equity Fund | Semiannual Report 2021 |
Six Months Ended | Year Ended | |||
April 30, 2021 (Unaudited) | October 31, 2020 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 1,493,588 | 26,664,139 | 2,831,018 | 43,749,328 |
Fund reorganization | — | — | 2,223,020 | 36,324,164 |
Distributions reinvested | 2,386,136 | 40,468,868 | 737,618 | 10,968,383 |
Redemptions | (1,807,078) | (32,149,557) | (3,054,089) | (46,750,884) |
Net increase | 2,072,646 | 34,983,450 | 2,737,567 | 44,290,991 |
Advisor Class | ||||
Subscriptions | 104,057 | 1,947,978 | 658,463 | 10,498,230 |
Fund reorganization | — | — | 171,636 | 2,892,071 |
Distributions reinvested | 59,551 | 1,043,336 | 670 | 10,252 |
Redemptions | (265,767) | (4,929,877) | (75,181) | (1,255,579) |
Net increase (decrease) | (102,159) | (1,938,563) | 755,588 | 12,144,974 |
Class C | ||||
Subscriptions | 175,330 | 2,699,482 | 334,060 | 4,488,366 |
Fund reorganization | — | — | 599,372 | 8,505,113 |
Distributions reinvested | 137,182 | 2,004,229 | 27,230 | 353,444 |
Redemptions | (474,289) | (7,314,306) | (279,753) | (3,811,925) |
Net increase (decrease) | (161,777) | (2,610,595) | 680,909 | 9,534,998 |
Institutional Class | ||||
Subscriptions | 1,465,505 | 26,633,367 | 3,941,842 | 60,355,209 |
Fund reorganization | — | — | 1,473,031 | 24,452,168 |
Distributions reinvested | 575,825 | 9,927,224 | 110,081 | 1,661,131 |
Redemptions | (1,240,535) | (22,445,781) | (2,599,283) | (38,667,928) |
Net increase | 800,795 | 14,114,810 | 2,925,671 | 47,800,580 |
Institutional 2 Class | ||||
Subscriptions | 190,359 | 3,470,535 | 321,311 | 4,918,517 |
Fund reorganization | — | — | 35,780 | 597,177 |
Distributions reinvested | 34,807 | 603,551 | 6,598 | 100,023 |
Redemptions | (41,582) | (759,104) | (274,326) | (4,178,035) |
Net increase | 183,584 | 3,314,982 | 89,363 | 1,437,682 |
Institutional 3 Class | ||||
Subscriptions | 344,190 | 6,247,804 | 911,250 | 14,253,862 |
Fund reorganization | — | — | 240,528 | 3,961,514 |
Distributions reinvested | 99,647 | 1,702,972 | 111,655 | 1,671,477 |
Redemptions | (232,843) | (4,200,867) | (3,820,544) | (58,720,933) |
Net increase (decrease) | 210,994 | 3,749,909 | (2,557,111) | (38,834,080) |
Class R | ||||
Subscriptions | 29,897 | 526,290 | 191,977 | 2,957,196 |
Fund reorganization | — | — | 41,701 | 677,230 |
Distributions reinvested | 21,734 | 366,644 | 2,180 | 32,279 |
Redemptions | (36,647) | (652,675) | (51,467) | (798,147) |
Net increase | 14,984 | 240,259 | 184,391 | 2,868,558 |
Total net increase | 3,019,067 | 51,854,252 | 4,816,378 | 79,243,703 |
Columbia Select Global Equity Fund | Semiannual Report 2021 | 13 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $16.59 | (0.04) | 3.71 | 3.67 | — | (1.48) | (1.48) |
Year Ended 10/31/2020 | $14.34 | (0.06) | 2.76 | 2.70 | — | (0.45) | (0.45) |
Year Ended 10/31/2019 | $13.04 | (0.03) | 2.61 | 2.58 | — | (1.28) | (1.28) |
Year Ended 10/31/2018 | $12.65 | (0.02) | 0.46 | 0.44 | — | (0.05) | (0.05) |
Year Ended 10/31/2017 | $10.12 | (0.00)(f) | 2.53 | 2.53 | — | — | — |
Year Ended 10/31/2016 | $9.97 | 0.00(f) | 0.15 | 0.15 | — | — | — |
Advisor Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $17.12 | (0.01) | 3.82 | 3.81 | — | (1.52) | (1.52) |
Year Ended 10/31/2020 | $14.74 | (0.04) | 2.87 | 2.83 | — | (0.45) | (0.45) |
Year Ended 10/31/2019 | $13.38 | 0.00(f) | 2.67 | 2.67 | — | (1.31) | (1.31) |
Year Ended 10/31/2018(h) | $13.39 | 0.01 | (0.02)(i) | (0.01) | — | — | — |
Class C | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $14.38 | (0.09) | 3.21 | 3.12 | — | (1.37) | (1.37) |
Year Ended 10/31/2020 | $12.57 | (0.16) | 2.42 | 2.26 | — | (0.45) | (0.45) |
Year Ended 10/31/2019 | $11.58 | (0.11) | 2.28 | 2.17 | — | (1.18) | (1.18) |
Year Ended 10/31/2018 | $11.32 | (0.10) | 0.41 | 0.31 | — | (0.05) | (0.05) |
Year Ended 10/31/2017 | $9.12 | (0.08) | 2.28 | 2.20 | — | — | — |
Year Ended 10/31/2016 | $9.06 | (0.07) | 0.13 | 0.06 | — | — | — |
Institutional Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $16.88 | (0.01) | 3.76 | 3.75 | — | (1.52) | (1.52) |
Year Ended 10/31/2020 | $14.54 | (0.03) | 2.82 | 2.79 | — | (0.45) | (0.45) |
Year Ended 10/31/2019 | $13.22 | 0.00(f) | 2.63 | 2.63 | — | (1.31) | (1.31) |
Year Ended 10/31/2018 | $12.81 | 0.01 | 0.48 | 0.49 | (0.03) | (0.05) | (0.08) |
Year Ended 10/31/2017 | $10.22 | 0.04 | 2.55 | 2.59 | — | — | — |
Year Ended 10/31/2016 | $10.05 | 0.02 | 0.15 | 0.17 | — | — | — |
Institutional 2 Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $16.97 | (0.01) | 3.79 | 3.78 | — | (1.53) | (1.53) |
Year Ended 10/31/2020 | $14.61 | (0.03) | 2.85 | 2.82 | — | (0.46) | (0.46) |
Year Ended 10/31/2019 | $13.28 | 0.01 | 2.64 | 2.65 | — | (1.32) | (1.32) |
Year Ended 10/31/2018 | $12.87 | 0.02 | 0.48 | 0.50 | (0.04) | (0.05) | (0.09) |
Year Ended 10/31/2017 | $10.26 | 0.02 | 2.59 | 2.61 | — | — | — |
Year Ended 10/31/2016 | $10.07 | 0.04 | 0.15 | 0.19 | — | — | — |
Institutional 3 Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $16.75 | (0.00)(f) | 3.74 | 3.74 | — | (1.54) | (1.54) |
Year Ended 10/31/2020 | $14.44 | 0.00(f) | 2.77 | 2.77 | — | (0.46) | (0.46) |
Year Ended 10/31/2019 | $13.14 | 0.02 | 2.61 | 2.63 | — | (1.33) | (1.33) |
Year Ended 10/31/2018 | $12.74 | 0.03 | 0.47 | 0.50 | (0.05) | (0.05) | (0.10) |
Year Ended 10/31/2017(j) | $10.85 | 0.03 | 1.86 | 1.89 | — | — | — |
14 | Columbia Select Global Equity 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 (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class A | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $18.78 | 23.11% | 1.25%(c) | 1.25%(c) | (0.39%)(c) | 35% | $561,676 |
Year Ended 10/31/2020 | $16.59 | 19.16% | 1.28%(d) | 1.28%(d),(e) | (0.40%) | 55% | $461,888 |
Year Ended 10/31/2019 | $14.34 | 22.30% | 1.31% | 1.31%(e) | (0.22%) | 46% | $359,804 |
Year Ended 10/31/2018 | $13.04 | 3.52% | 1.34% | 1.34%(e) | (0.15%) | 74% | $316,700 |
Year Ended 10/31/2017 | $12.65 | 25.00% | 1.37%(g) | 1.37%(e),(g) | (0.04%) | 72% | $322,569 |
Year Ended 10/31/2016 | $10.12 | 1.50% | 1.40% | 1.40%(e) | 0.01% | 66% | $303,338 |
Advisor Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $19.41 | 23.24% | 1.00%(c) | 1.00%(c) | (0.16%)(c) | 35% | $13,169 |
Year Ended 10/31/2020 | $17.12 | 19.53% | 1.03%(d) | 1.02%(d),(e) | (0.24%) | 55% | $13,365 |
Year Ended 10/31/2019 | $14.74 | 22.52% | 1.07% | 1.07%(e) | 0.03% | 46% | $367 |
Year Ended 10/31/2018(h) | $13.38 | (0.07%) | 1.10%(c) | 1.10%(c),(e) | 0.11%(c) | 74% | $110 |
Class C | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $16.13 | 22.67% | 2.00%(c) | 2.00%(c) | (1.16%)(c) | 35% | $21,094 |
Year Ended 10/31/2020 | $14.38 | 18.33% | 2.03%(d) | 2.03%(d),(e) | (1.19%) | 55% | $21,140 |
Year Ended 10/31/2019 | $12.57 | 21.27% | 2.06% | 2.06%(e) | (0.97%) | 46% | $9,918 |
Year Ended 10/31/2018 | $11.58 | 2.78% | 2.08% | 2.08%(e) | (0.79%) | 74% | $7,968 |
Year Ended 10/31/2017 | $11.32 | 24.12% | 2.12%(g) | 2.12%(e),(g) | (0.78%) | 72% | $12,686 |
Year Ended 10/31/2016 | $9.12 | 0.66% | 2.15% | 2.15%(e) | (0.75%) | 66% | $13,808 |
Institutional Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $19.11 | 23.21% | 1.00%(c) | 1.00%(c) | (0.14%)(c) | 35% | $139,802 |
Year Ended 10/31/2020 | $16.88 | 19.54% | 1.03%(d) | 1.03%(d),(e) | (0.17%) | 55% | $109,949 |
Year Ended 10/31/2019 | $14.54 | 22.50% | 1.06% | 1.06%(e) | 0.03% | 46% | $52,178 |
Year Ended 10/31/2018 | $13.22 | 3.84% | 1.09% | 1.09%(e) | 0.10% | 74% | $29,191 |
Year Ended 10/31/2017 | $12.81 | 25.34% | 1.13% | 1.13%(e) | 0.33% | 72% | $24,854 |
Year Ended 10/31/2016 | $10.22 | 1.69% | 1.15% | 1.15%(e) | 0.24% | 66% | $2,945 |
Institutional 2 Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $19.22 | 23.26% | 0.97%(c) | 0.96%(c) | (0.08%)(c) | 35% | $9,213 |
Year Ended 10/31/2020 | $16.97 | 19.64% | 0.99%(d) | 0.98%(d) | (0.16%) | 55% | $5,019 |
Year Ended 10/31/2019 | $14.61 | 22.57% | 1.00% | 1.00% | 0.11% | 46% | $3,017 |
Year Ended 10/31/2018 | $13.28 | 3.91% | 1.02% | 1.01% | 0.18% | 74% | $1,098 |
Year Ended 10/31/2017 | $12.87 | 25.44% | 1.03%(g) | 1.03%(g) | 0.20% | 72% | $452 |
Year Ended 10/31/2016 | $10.26 | 1.89% | 1.00% | 1.00% | 0.40% | 66% | $148 |
Institutional 3 Class | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $18.95 | 23.32% | 0.91%(c) | 0.91%(c) | (0.04%)(c) | 35% | $24,647 |
Year Ended 10/31/2020 | $16.75 | 19.59% | 0.93%(d) | 0.93%(d) | 0.01% | 55% | $18,257 |
Year Ended 10/31/2019 | $14.44 | 22.68% | 0.94% | 0.94% | 0.16% | 46% | $52,662 |
Year Ended 10/31/2018 | $13.14 | 3.93% | 0.96% | 0.95% | 0.24% | 74% | $50,583 |
Year Ended 10/31/2017(j) | $12.74 | 17.42% | 0.97%(c) | 0.97%(c) | 0.43%(c) | 72% | $54,121 |
Columbia Select Global Equity Fund | Semiannual Report 2021 | 15 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class R | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $16.49 | (0.06) | 3.69 | 3.63 | — | (1.45) | (1.45) |
Year Ended 10/31/2020 | $14.28 | (0.10) | 2.76 | 2.66 | — | (0.45) | (0.45) |
Year Ended 10/31/2019 | $12.99 | (0.06) | 2.60 | 2.54 | — | (1.25) | (1.25) |
Year Ended 10/31/2018 | $12.63 | (0.05) | 0.46 | 0.41 | — | (0.05) | (0.05) |
Year Ended 10/31/2017 | $10.13 | (0.04) | 2.54 | 2.50 | — | — | — |
Year Ended 10/31/2016 | $10.01 | (0.02) | 0.14 | 0.12 | — | — | — |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Annualized. |
(d) | Ratios include interfund lending expense which is less than 0.01%. |
(e) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(f) | Rounds to zero. |
(g) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Year Ended | Class A | Class C | Institutional 2 Class | Class R |
10/31/2017 | 0.02% | 0.02% | 0.01% | 0.02% |
(h) | Advisor Class shares commenced operations on March 1, 2018. Per share data and total return reflect activity from that date. |
(i) | 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. |
(j) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
16 | Columbia Select Global Equity 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 (loss) ratio to average net assets | Portfolio turnover | Net assets, end of period (000’s) | |
Class R | |||||||
Six Months Ended 4/30/2021 (Unaudited) | $18.67 | 22.92% | 1.50%(c) | 1.50%(c) | (0.64%)(c) | 35% | $4,965 |
Year Ended 10/31/2020 | $16.49 | 18.96% | 1.53%(d) | 1.53%(d),(e) | (0.66%) | 55% | $4,138 |
Year Ended 10/31/2019 | $14.28 | 21.95% | 1.57% | 1.57%(e) | (0.47%) | 46% | $951 |
Year Ended 10/31/2018 | $12.99 | 3.29% | 1.59% | 1.59%(e) | (0.40%) | 74% | $329 |
Year Ended 10/31/2017 | $12.63 | 24.68% | 1.62%(g) | 1.62%(e),(g) | (0.32%) | 72% | $197 |
Year Ended 10/31/2016 | $10.13 | 1.20% | 1.65% | 1.65%(e) | (0.24%) | 66% | $196 |
Columbia Select Global Equity Fund | Semiannual Report 2021 | 17 |
April 30, 2021 (Unaudited)
18 | Columbia Select Global Equity Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Columbia Select Global Equity Fund | Semiannual Report 2021 | 19 |
April 30, 2021 (Unaudited)
20 | Columbia Select Global Equity Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Columbia Select Global Equity Fund | Semiannual Report 2021 | 21 |
April 30, 2021 (Unaudited)
Effective rate (%) | |
Class A | 0.10 |
Advisor Class | 0.10 |
Class C | 0.10 |
Institutional Class | 0.10 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Class R | 0.10 |
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 263,324 |
Class C | — | 1.00(b) | 200 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
22 | Columbia Select Global Equity Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Fee rate(s) contractual through February 28, 2023 | |
Class A | 1.28 |
Advisor Class | 1.03 |
Class C | 2.03 |
Institutional Class | 1.03 |
Institutional 2 Class | 0.96 |
Institutional 3 Class | 0.91 |
Class R | 1.53 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
478,579,000 | 298,173,000 | (110,000) | 298,063,000 |
Columbia Select Global Equity Fund | Semiannual Report 2021 | 23 |
April 30, 2021 (Unaudited)
24 | Columbia Select Global Equity Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Shares | |
Class A | 2,223,020 |
Advisor Class | 171,636 |
Class C | 599,372 |
Institutional Class | 1,473,031 |
Institutional 2 Class | 35,780 |
Institutional 3 Class | 240,528 |
Class R | 41,701 |
($) | |
Net investment loss | (2,354,000) |
Net realized gain | 57,408,000 |
Net change in unrealized appreciation | 53,983,000 |
Net increase in net assets from operations | 109,037,000 |
Columbia Select Global Equity Fund | Semiannual Report 2021 | 25 |
April 30, 2021 (Unaudited)
26 | Columbia Select Global Equity Fund | Semiannual Report 2021 |
April 30, 2021 (Unaudited)
Columbia Select Global Equity Fund | Semiannual Report 2021 | 27 |
• | the Fund had sufficient liquidity to both meet redemptions and operate effectively on behalf of shareholders; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage the Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
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 |
28 | Columbia Select Global Equity 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.
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/ Daniel J. Beckman |
| ||
|
|
| Daniel J. Beckman, President and Principal Executive Officer |
|
Date |
| June 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/ Daniel J. Beckman | ||
|
| Daniel J. Beckman, President and Principal Executive Officer | |
Date |
| June 22, 2021 |
|
By (Signature and Title) | /s/ Michael G. Clarke | ||
|
| Michael G. Clarke, Chief Financial Officer, Principal Financial Officer | |
|
| and Senior Vice President | |
Date |
| June 22, 2021 |
|
By (Signature and Title) | /s/ Joseph Beranek | ||
|
| Joseph Beranek, Treasurer, Chief Accounting Officer and Principal | |
|
| Financial Officer | |
Date |
| June 22, 2021 |
|